Archive for September 16th, 2010

Glenn Beck the Socialist-(Piece of the Day!)

Thursday, September 16th, 2010

by Phil Maymin LewRockwell.com Glenn Beck is a polarizing person among libertarians. Some laud him for being one of the few voices on television to criticize both Democrats and Republicans as being equally complicit in growing the size of government and pointing out that there is no significant difference between them. Others view him... »

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The Economics of Mass Destruction – Part I

Thursday, September 16th, 2010

ZeroHedge.com 09/15/2010 From The Daily Capitalist The Power of Capital The most valuable economic substance in the world is capital. It is not “money” if we define money as pieces of green paper. Governments cannot create wealth by printing money. If they could we wouldn’t have to work. The formation of capital plus a... »

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Economic Bellwether FedEx Misses Earnings, Guides Lower, Laying Off 1700 Workers

Thursday, September 16th, 2010

Joe Weisenthal BusinessInsider.com Sep. 16, 2010 Shares of FedEx are diving this morning after the company’s just-released earnings report. EPS of $1.20 came in a penny light of expectations. The outlook of $4.40 to $4.95 is below range. And ominously for the economy, the company will lay off 1700 workers, and close 100 facilities... »

Posted in Civil Unrest, Economics | No Comments »

Wall Street’s Stock Market Nightmare Has Been Confirmed This Week

Thursday, September 16th, 2010

Joe Weisenthal BusinessInsider.com Sep. 16, 2010 At the beginning of the week we said it would be crucial to watch trading volume. It was horribly light all summer, and everyone just said that it was because it was the summer. Then it was light the first week of September, and everyone blamed Rosh Hashanah.... »

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The Woeful Results of Raising Taxes

Thursday, September 16th, 2010

The Mogambo Guru GoldSeek.com Thursday, 16 September 2010 I wearily wrote, “Dear Diary, I am even more convinced that we are freaking doomed because the Federal Reserve has created So Freaking Much Money (SFMM) when it allowed the creation of So Freaking Much Debt (SFMD) to finance So Freaking Much Consumption (SFMC), both public... »

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Why a Bottom in Housing Is a Long Way Off

Thursday, September 16th, 2010

By: Rick Ackerman GoldSeek.com Thursday, 16 September 2010 (One of the sharpest investors we know, a local stockbroker who is also a close friend and collaborator of economist David Rosenberg, thinks the housing market is nowhere near a bottom. In the essay below, one of several we have presented by the same author, he... »

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Zombie Banks Have Us Right Where They Want Us

Thursday, September 16th, 2010

By Jonathan Weil Bloomberg.com Two years after the collapse of Lehman Brothers and what rightfully should have been the death of American International Group, U.S. capital markets face a crucial question. How long will it take before we see some semblance of robust free-market capitalism return, where the value of an asset is based... »

Posted in Corruption, Economics | No Comments »

More than 120 banks miss tarp payments

Thursday, September 16th, 2010

TheTruthAboutMortgage.com Sure, a record number of homeowners have missed mortgage payments, but they aren’t alone. More than 120 banks (mostly small, regional ones) that received federal aid via Troubled Asset Relief Program (TARP) have missed scheduled quarterly dividend payments. That’s more than a sixth of the banks that received aid at the height of... »

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How Corporations Own the US Congress

Thursday, September 16th, 2010

By: Shamus Cooke Market Oracle Sep 15, 2010 With the November elections quickly approaching, the majority of Americans will be thinking one thing: “Who cares?” This apathy isn’t due to ignorance, as some accuse. Rather, working people’s disinterest in the two party system implies intelligence: millions of people understand that both the Democrats and... »

Posted in Conspiracy, Corruption, Government Evil | No Comments »

Hyperinflation and Unemployment Two Signs of Serious Trouble

Thursday, September 16th, 2010

By Bill Bonner TheDailyReckoning.com The big news from yesterday was the rise in the price of gold. It went up $24 to a new all-time high. The stock market was just about flat. What does it mean? Well, the dollar is going down, for one thing. Bonds too. Has the long-awaited turnaround in the... »

Posted in Civil Unrest, Economics, God Help Us | No Comments »