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Did you know that in real terms the US financial picture is worse than Greece in several material respects? Yep–and the magnitude of our sorry situation over the past four years will curl your toes–and undermine the lives of your children’s children. And, according to six senior fellows at Stanford University, the Federal Reserve and the European Central Bank (ECB) are complicit in the debacle being presided over by Obama. Other nations know a 20% inflation/decrease in middle class purchasing power looms large–startling facts on Russian, Chinese, and Swiss gold purchases over the past several years. A recap on the most onerous of Obama’s frenzy of Executive Orders. Unfortunately, the untruths extend beyond our borders–to Libya. The real abbreviated timeline of that sordid affair. Fort Hood is workplace violence? The Christmas Bomber? A pattern of deceit. So, what other lies have we been told, or will we be told in the future? And who was Haym Solomon? The amazing story of the one dollar bill and the Jewish Banker who financed George Washington’s Continental Army. BIG choice coming our way in eight days. Time to really think! Your children’s future is in your hands. Final show on Web Talk, but AM radio expanding, and a brand new web site for the show, and the archives–even a place for comments which are most welcome! www.ontherightsideradio.com
Italian Election Brings Uncertainty Back to the World
Tuesday, 26 Feb 2013 , By Hans Parisis
It’s a fact that most of the investor community got overly complacent as they fully priced in (expected) political stability (continuity) in Italy and did not take into account implied risks of an election in the country and surely didn’t pay attention to what history has taught us: you never can trust Italian polls.
Italy, which is the third-largest economy of the eurozone and the European Union and ranks eighth in the world, got the worst-case election outcome for investors. The feared election results in the upper house of the Italian Parliament (Senate), which has practically equal policymaking power as does the lower house (the Chamber of Deputies), where none of the three political blocks has been able to secure a majority, now faces a political paralysis for the foreseeable future. This could, eventually, result in new elections within only a few months. (Read More)
Only an Economist Can Think This Way
Published on Thursday, 19 July 2012, by Bill Bonner, Founder and President, Agora Inc
What’s so bad about stable prices? Economists across the globe are sounding the alarm about deflation. Their misguided “science” will hurt us all.
Dow up 103 points. Gold down $18/oz.
“Parece normal, pero no es,” said Juan Carlos, who is hosting us here in Madrid.
It looks normal, but it’s not.
The jobless rate here is nearly 25%. Youth unemployment is twice that. The banks hold billions of euro worth of loans that will never be repaid. The government borrows to make ends meet. But if lenders become just a little more demanding, the jig will be up.
The yield on the Spanish 10-year note is just a shade under 7% as I type. Greece lasted 17 days after its 10-year borrowing costs hit the same level. Ireland held out a couple of months. Then caved. Ditto Portugal. (Read More)
