If imitation is the highest form of flattery, then Glen Beck should be blushing with pride. Not one, but THREE more “national mall” rallies are due to follow Beck’s Restoring Honor Rally. We have Jon Stewart’s “Restoring Sanity” rally, as well as Colbert’s “Keep the Fear Alive” rally. It’s not clear as to whether these two are [...]
Archive for September, 2010
Stern’s Crony-Corporatism
I’m thankful that I caught enough of Glenn Beck’s show yesterday to be tipped off to former SEIU president, now fiscal commission advisor, Andy Stern’s progressive vision for “job creation“. But first we have to step back and remind readers that “job creation” is a tall order for any commission within a government which specializes in job prevention. [...]
Long Range Outlook “Murky”
While the establishment media has completely embraced the propaganda of “recovery or not meets double dip recession“, those of us who have perilously navigated beyond the borders of the present day Truman Show facade are faced with yet another jolt into the realm of “what’s next”. At this point, we must accept that the historically proven (though apparently forgotten) solution of [...]
Central Banks Dump Fed Agency Debt
New records set today which eclipse the 10/15 low which caused this response. But this is just the beginning. I think Chris Martenson is qualified to put this in perspective much more elegantly than I can. Keep an eye out, I’m sure he’ll be speaking up on this. – we cannot say whether this massive shift out of [...]
$1300.30
That’s it, and a little earlier than called, to call it a day. Let the self-fufilling feedback loop away! Happy Friday!
First Blood for Elizabeth Warren ?
There’s been quite a stir regarding Elizabeth Warren, her background, her appointment and her role in the consumer protection agency she now oversees. This is certainly a good first test of her resolve. Monetary illusionists have argued for years that ”institutional investors should be fully aware of the risks involved in derivative instruments” to obscure the criminality of their scams [...]
Paper Goin’ DOWN!
Ackermann and Schiff both “get it“. Peter Schiff has provided the most plausible scenario for a hyperinflation. He foresees a day when confidence in the dollar collapses, as it eventually must, forcing the Fed to become the sole buyer of Treasury debt. When municipal and corporate bond traders realize on that same day that there [...]
