Source: thestreet.com NEW YORK – It may just be the summer doldrums, or the ominous occurrence of a Friday the 13 in mid-August, but the Hindenburg Omen — a technical indicator of an impending stock market crash — is suddenly as important a market mover as testimony from Federal Reserve […]
Economics
[ h / t : wrh ] As far as the U.S. is concerned, the financiers will have used us for a century, then thrown us in the trash. The U.S. may well be replaced by China, which the financiers seem to be grooming as the world’s next military enforcer. […]
Since nixon’s evaporation of the gold standard, the US currency has been backed by little more than confidence. Confidence in the people’s lack of understanding of the monetary system that is. The federal reserve is not federal, it is privately owned. https://www.youtube.com/watch?v=Tp2nu0Qdt0o They can lend multiples of what exists in […]
Government statisticians have put a number on Californians’ paycheck pain last year: about $40 billion. The federal Bureau of Economic Analysis said personal incomes of Golden State workers fell by that amount in 2009 compared with the previous year – the state’s first year-to-year decline since World War II. In […]
“Truth persists and illuminates, even if there is no one to utter it.“ Government is not the solution; rather, it is causing the problems. The below slides (view at Scribd, backup PDF) highlight the economic situation, updated from a May presentation. I’ve written about the solutions to the unemployment problem, […]
Unregulated profit-seeking corporations cannot be trusted to protect the Public, because their main objective is to make profits, not to be a do-gooder for the Public. Whenever profit-making conflicts with the Public interest, profit-making wins! Thus they become Predators on the Public, not Protectors of the Public. This is not […]
Hossein Askari is a professor of international business and international affairs at George Washington University, and Noureddine Krichene is an economist with a PhD from UCLA, which I mention to establish their credentials, since some bozo from the Federal Reserve created a stir when he said, with a sniff of […]