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Money & The Economy

News on Finance, Money, markets and the economy

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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New Video Debunks Claim that Tax Hikes are Required to Balance the Budget

First we have to deal with this absolute mis-information campaign from the White House Blog.  Where they try to show that they really aren’t that evil for considering enacting the largest tax increase in American history: Obama’s Tax Hike of January 1st, 2011. One of the major points that they try to make with the blog entry is that we ...

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Congress to Enhance Smoot-Hawley – Protectionist Cause of the Great Depression

Smoot-Hawley was officially named the “Tarrif Act of 1930”.  The act raised or enacted tariffs on over 20,000 imported goods. This incredibly protectionist move is largely credited with creating the Great Depression.  Our current leadership thinks we should try it again. In a Wall Street Journal article the point is made that we may be headed into another Great Depression. ...

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Lies and Sighs: Unemployment is NOT down

Just a few weeks ago, I reported that unemployment has been the same since the beginning of the year.  SURPRISE:  it’s still the same, despite main-stream media reports that it has gone down. How could I say such a thing?  How could I refute the media?  Why would they lie? Actually, they aren’t really lying, just being deceitful.  Here is the ...

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Jobless Situation Unchanged Since March – Real Analysis on the Unemployment Numbers

Oh the media.  Every outlet has been totally abuzz about the drop in initial jobless claims reported by the Department of Labor today.  It was only a reduction of 3,000 people, but that’s not where they failed to do their homework- the 450,000 number .. is THE SAME as it was back in March and before.  That means that things ...

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Huffington Attacks Obama on Economy, but Misses the Mark

Arianna Huffington may have gone off the reservation.  In her article titled “Obama Insists He Made ‘The Right Decisions’ on the Economy – The Struggling Middle Class Begs to Differ”, Arianna tells it like it is: In his otherwise excellent speech in Cleveland on Wednesday, the president showed that, when it comes to the plight of the middle class, he ...

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Dodd-Frank: A Nightmare On So Many Levels

Senators Barney Frank and Chris Dodd put together yet another progressive nightmare for our marginally free-market system. Granted the thought of those two alone in a dark corner is nausea-inducing, that’s not where I’m going. The Dodd-Frank bill, otherwise known as the “Wall Street Reform and Consumer Protection Act” neither reforms Wall Street nor protects consumers (who should really need ...

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You Are No Longer Entitled to Prosperity

Modern Monetary Theory (MMT), or Chartilism, is not as innocuous as it sounds, and America can trace her every current  financial woe to it. Developed in the 1920s, and approved of by John Maynard Keynes, it became the hidden standard of our economy when we moved completely to a fiat money system and away from one backed by a commodity. ...

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Why You Should Care About the CBO Report – Really This Time

The non-partisan Congressional Budget Office (CBO) produced the most-recent version of it’s periodic report on the state of the nation’s economy.  The report was as dreadful as expected: debt rising and tax receipts going down, but you knew that already.  What’s different is how they are either lying to candy coat how bad things are going to get, or they ...

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Welcome to the New Deal. Same as.. The New Deal

You read about The New Deal (circa 1933 – 1938) in high school, but did you ever think you would get to live through it? They say that those who do not learn from history… you know the rest. In a nutshell, we are the doomed in this case.  Just how closely is Obama and his band of merry morons ...

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Warning Signs of an Economic Collapse

Obama has previouly stated the he has pulled the economy back from the brink. This is far from truth and quite the opposite. Obama’s economic policies are instead pushing us off the economic cliff. The 13 trillion dollar National Debt is just one of a number of unprecedented warning signs pointing toward an economic collapse. The National Debt is very important, but not ...

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The Reality of the Jobs Numbers

Greg Howard tweeted to check out the Bureau of Labor Statistics instead of relying on the media to relay the jobs situation.  If you follow me, you know I love numbers.  Not only did I dig out the numbers, I went and graphed it out. So I don’t have to deal with the LibKiddies saying I made up the numbers.. ...

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