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Money & The Economy

News on Finance, Money, markets and the economy

The Real Unemployment Report

The Mainstream, New York bred, big-business news media outlets were practically tripping over themselves to report that the unemployment rate had dropped “unexpectedly” to 9.0%. The fact that only 36,000 of an expected 140,000 jobs were added was glossed over. How could an economy that must “Generate 246,600 Jobs A Month To Get To Pre-Depression Employment By End Of Obama ...

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Whitehouse Ignores the Rule of law, refuses to report on Fannie and Freddie once again!

       The Whitehouse continues to stall on reforming the money train known as Fannie Mae and Freddie Mac, even though they are breaking their own so-called Financial Reform, ( also known as the Dodd-Frank Bill) laws to do it. This article is a part of the continuing exposure of the fraud, corruption and waste of taxpayer dollars by the F&F (Fannie ...

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Fannie, Freddie and Foreclosures- Exploring the True Costs to the US taxpayer

Introducing Fannie Mae, their mission and purpose as explained on fanniemae.com: “Fannie Mae, (Federal National Mortgage Association) is a government-sponsored enterprise (GSE) chartered by Congress with a mission to provide liquidity, stability and affordability to the U.S. housing and mortgage markets.” Yet they have managed to do just the opposite of the purpose for which they were created. With record ...

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Rubio visits Afghanistan, Pakistan. Was the trip necessary?

Newly elected Senator Marco Rubio (R -FL), recently went on a trip to the war zone of the Afghanistan/Pakistan border. As you can see in the picture, it is a very inhospitable land comprised mostly of rocky mountainous regions seperated by barren desert. While it is nice to see my  Freshman Florida Senator jumping in and getting to “work” up in DC, ...

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Money for Nothing and Houses for Free.

How would you feel if a burglar was caught inside your home stealing everything of value, and when the police went to make out the police report, you were told that you would have to write a check for $5000.00 to pay for the burglar’s legal fees? Well that happens indirectly, with the Lawyer-enriching “Right to Legal counsel” laws we ...

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California Dreamin

California Governor Jerry Brown was in the news again last week, with a startling “revelation”. He declared a State of Fiscal Emergency after looking at California’s budget, as California is 25.5 billion in the red. People seem to forget that this is the exact same declaration former Governor Swarzenegger made just last month, and which the California Democratic Legislature chooses ...

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Highest Ever Gas Prices for January

AURORA, Ill., Jan. 18, 2011 /PRNewswire/ — AAA Chicago’s most recent Fuel Gauge Report estimates that in Illinois, regular unleaded gasoline has increased $.16 during the past month, forecasting an average cost of $3.22 per gallon for the month of January, which is $.38 higher per gallon than last year. In northern Indiana, gas prices average $3.09, which is up ...

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Deflation or Inflation? Yes

Since the beginning of the “Great Recession” that Americans still find themselves in, there have been prognostications of incredible inflation while other “experts” claim that crippling deflation would be the necessary outcome.  Could they both be right? Perhaps – there are two major forces at play in our economy right now: price inflation and income deflation. Price inflation Commodities are ...

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Economist Survey Finds Slow Growth Ahead for 2011

ARLINGTON, Va., Jan. 3, 2011 /PRNewswire-USNewswire/ — The recovery will pick up steam in 2011, but growth will remain moderate, according to the consensus forecast of 25 economists surveyed for legal and business publisher BNA’s annual outlook on the U.S. and international economy. Both inflation and the Federal Reserve’s target interest rate are expected to remain low. A self-sustaining expansion will hinge on ...

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U.S. Manufacturing Strongest in the World – For Now

For decades Americans have been battered with messages around the demise of the United States manufacturing sector.  Some state concerns of too much of a shift to services, which is said to produce nothing.  Is goods manufacturing really fading in the U.S.? IHS Global Insight, an economics consulting firm, has published a ranking of the manufacturing output of the leading economies, and to ...

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Social Justice Sophisticates Assault Prosperity

Leaders that value self determination and independence are denigrated by those who idolize the memory of a former president who said “Ask not what your country can do for you”—and then lowered taxes. John F. Kennedy allowed people more freedom and control over their lives, which conflicts with grandiose notions of governmental entitlement. He certainly knew that helping those in ...

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When Corn Prices Rise Our Government .. Regulates Food

Welcome to Bazaaro-world – otherwise known as the United States with a liberal Congress. A November 18th Bloomberg article illustrates what’s happening: China’s State Council said on its website yesterday that price caps will be used on “important daily necessities” and production materials, if necessary. U.S. soybean inventories before next year’s harvest will be 30 percent less than forecast in ...

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Get ready for Obama’s Taxes

“Spectacles, testicles, watch and wallet.” – Yeah, that’s it! That’s a pretty good interpretation of the opening verse of Michelle Obama’s prayer to the spirits as she is busy cleaning them up. I can’t argue with that verbiage – it expresses the very essence of redistributive change. They cover it all; up top, down below, up front, and backside. They’ve ...

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Fed Proposing Carter Era Inflationary Policy to Fix Economy

You’d think Paul Volcker was in the driver’s seat again.  While he’s no longer running the Fed, perhaps his leadership as the President’s chief economic advisor is giving him more of a voice than any of us want. In his turn at the Fed, it was Volcker that pushed for the massive and crippling inflation that many of us remember ...

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Wreckovery Wednesday – It’s Not Getting Better Out There

We’ve been hearing that the situation in America is improving, albeit slowly.  It would appear, that they are not improving .. at all.  It’s time for a new strategy. Goldman Sachs Says U.S. Economy May Be `Fairly Bad’ Goldman Sachs Group Inc. said the U.S. economy is likely to be “fairly bad” or “very bad” over the next six to ...

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