The state of California continues to make headlines as one of the worst economic basket cases in the country. Despite crushing workers and businesses with a torrential onslaught of new taxes, California continues to go broke by increasing spending at a frenetic pace. California is going broke. Again. The state controller has estimated that the […]
Chinese Stock Market Collapses 67% Despite Massive Stimulus Programs
December 12, 2012 Leave a Comment
The debate over whether or not government stimulus spending (financed by borrowing) is effective in reviving post crash economies rages on in the U.S. Despite the anemic economic recovery, proponents of deficit spending postulate that things would have been much worse without it. Opponents of massive deficit spending insist that the problems are merely being […]
Why The Yen Could Collapse – Japan On The Knife’s Edge
November 28, 2012 Leave a Comment
By Axel Merk Because of Japan’s massive public debt burden, pundits have called for the demise of the Japanese yen for years. Are the yen’s fortunes finally changing? Our analysis shows that the days of the yen being perceived as a safe haven may soon be over. Let us elaborate. So many foreign exchange (“FX”) […]
Too Many Victims, Not Enough Responsible Behavior
November 28, 2012 Leave a Comment
The story of the 409 pound woman who allegedly died due to the airlines inability to accommodate her huge mass ignited a flood of opinions on “who was to blame”. The number of comments on Yahoo soared past 23,000 with many decidedly unsympathetic comments. The death of a 407-pound woman after being denied boarding on […]
The Greater Fool Theory On Presidents and Voters
November 16, 2012 Leave a Comment
The voters have spoken but what have they said? The following view on how the U.S. is viewed by one Czech analyst appeared on Peter Grandich’s website. Never underestimate the power of the American public to vote with their pocketbooks while ignoring the larger fundamental economic issues which ultimately threaten the wealth of all Americans. […]
How Did Americans Feed Themselves Before Food Stamps?
November 10, 2012 Leave a Comment
We can pretend not to see it but something is very wrong when 45 million people or almost 15% of the entire population of the U.S. allegedly can’t earn enough money to feed themselves. Is the explosion in the food stamp program a result of fighting hunger in America or is it the result of […]
Debt Settlement Firms Often Put Consumers In Worse Position
October 27, 2012 Leave a Comment
It seems so compelling – make a simple phone call and a debt settlement company will take it from there by negotiating down your debts and making you debt free in just a couple of years. Most consumers, at their own peril, never seem able to remember the maxim that “if it sounds too good […]
Elderly Parents Get Caught In Student Loan Debt Trap
October 27, 2012 1 Comment
The mantra of “go to college, graduate and get a good paying job” has lured countless numbers of young Americans into borrowing ridiculous amounts of money to attend college. Borrowing money to invest in education becomes a specious theory when a majority of graduating students wind up being unable to find a job or are […]
What Is The Value Of Paper Currency?
September 19, 2012 Leave a Comment
Central banks around the world have initiated a policy of virtually unlimited quantitative easing (money printing). Does anyone expect the value of paper money to retain its purchasing power as central banks print endless amounts of new paper money out of thin air? Gold and Silver Blog Japan Joins The QE Race – Who Can […]
Where Does Subway Get Its Tomatoes From?!
September 19, 2012 4 Comments
It’s happened twice now in the last week at two different Subway stores located 25 miles apart from each other. Half green tomatoes that taste like cardboard and have zero visual appeal. You be the judge – below is the photo of my Subway sandwich and normal tomatoes from Stop & Shop placed next to […]