Here I was commenting in another blog about how the moving target figure of total worldwide notional derivatives keeps getting misquoted between 400 trillion and 1.4 QUADRILLION and here comes Tyler Durden with the most incredible exposure of massive leveraging since Einstein discovered that E=MC2. This leveraging shows its face in the form of a literal Anti-Christ known [...]

I’ve touched upon health care in prior posts as it relates to the economic crisis in America (which it certainly does), but while I’ve offered my opinion on what is wrong with healthcare today, as well as my opinion regarding how the present administration is going about “reform” in the worst way, I thought the [...]

Despite the cheery news from Paul Krugman that the “recession is ending this summer”, which reflects similar forecasts from all sorts of media outlets, we suddenly hear about the spectre of U.S. sovereign default if rising Health Care costs go unabated: eventually we would have to choose among tax increases, spending cuts, and repudiation of [...]

With all the news over the weekend concerning health care reform and the continuing collapse of employment, production and the world’s “true” phyiscal economy (for those of us who still recall what that represents) it’s difficult to zero in on one single topic. But in keeping with the theme of this blog, I prefer this [...]

Most of the last few posts, and probably those going forward, deal with subjects that fall under the category of “bailout fall-out”. These are your back-door “quasi-bailouts” and counterparty claims, direct and indirect debt repayment like crumbling infrastructure, reduced benefits and increased taxes, commodity volatility, $2000 per hour bankruptcy attorney fees–stuff like that. All could [...]

In what can only be seen as a clear violation of ERISA, Rattner’s bankruptcy plan includes GM Pension holders bailing out Citi and JPM, recipients of over 300 billion in government embezzled taxpayer incomes already, now poised to illegally receive cash in exchange for worthless GM stock. This is just one of the many continuing illegal bailouts, [...]

If any real-world organization can be credited as the inspiration for George Orwell’s 1984, it must be the Bilderberg group. This is truly the “gentlemen’s club” of global economic elites that I have repeatedly referred to as the “Anglo Dutch Financial Oligarchy” or “Economic Royalists” (as FDR called them) in this blog.  The Bilderberg group has been [...]