Mitt Romney continues to dazzle the American public with one of the most disorganized and self destructive presidential campaigns in recent memory. On Monday, Politico revealed that the Romney campaign was in total disarray with infighting by advisers and aides after Romney’s disastrous and meandering convention speech. Stuart Stevens, the top strategist of the Romney […]
Mitt Romney Has Done More Than Any Other Individual Or Organization To Ensure An Obama Victory
September 19, 2012 Leave a Comment
If You Don’t Have Rich Parents, Forget About Being Successful?
September 8, 2012 Leave a Comment
For many people, America no longer seems like the land of unparalleled opportunities. The mainstream press seems to be full of stories about people losing their jobs, college graduates moving back in with their parents and broken down penniless retirees forced to eat Alpo for supper. The entire world seems to currently be in a […]
It’s Not Your Imagination – Our Living Standards Are Collapsing
September 4, 2012 1 Comment
No one likes earning less this year than last year. If the weekly paycheck is a scoreboard on how well we are doing – then we are all in deep trouble. The Center for American Progress recently published some shocking charts that portray the American middle class besieged by lower income, higher costs for essential […]
The National Debt Will Probably Hit $16 Trillion By The Time You Read This
August 18, 2012 Leave a Comment
The national debt has become the biggest threat to America’s future financial security. No one has a workable solution on reducing the debt. Where we go from here is anyone’s guess but throughout history, the consequences for hopelessly over indebted nations has been the same – outright default or massive money printing that ultimately destroyed […]
Canada’s Massive Housing Bubble Will Not End Well
August 17, 2012 Leave a Comment
Guest post by Vin Maru Bank of Canada may be ahead of all its peers in ensuring its banks meet the Basel capital requirements. And it may have done a better job in regulating the banking sector, but they are not innocent of allowing bubbles in Canada to form. Even Mark Carney feels that the […]
Why U.S. Deficits Are Necessary and Austerity Is Self-Destructive – Finance For Dummies
August 15, 2012 Leave a Comment
Would the United States be committing economic suicide by instituting an austerity program to reduce the national debt and deficit spending? One man who thinks so is Bill Black, author of “The Best Way To Rob A Bank Is To Own One.” Bill Black is a financial expert, frequent critic of the banking industry and […]
So How’s That “Social Media” Thing Working Out? Facebook and Groupon Investors Get Scorched!
August 15, 2012 Leave a Comment
Two of the most hyped social media stocks of the decade have bombed big time – and it’s not just small investors getting crushed this time. Many large sophisticated investors got their faces ripped off on the Facebook IPO including banking giant UBS that tallied up losses of a whopping $350 million. Faring equally poor, […]
Health Care Rationing Is Inevitable
August 14, 2012 Leave a Comment
How much is a human life worth? Should a huge percentage of precious health care dollars be allocated for end of life care when adequate health care cannot be provided to children due to budgetary constraints? Are we crushing the financial future of our children and grandchildren by expending excessive amounts of resources on patients […]
Mitt Romney – The Human Punching Bag
August 14, 2012 Leave a Comment
Day after day, Mitt Romney’s opponents have savagely attacked his character and record. And day after day, the Romney campaign inexplicably remains mute, allowing the drumbeat of attacks to continue. By allowing himself to become a human punching bag, Romney ignores at his peril the old saying that “If you repeat a lie often enough, […]
Federal Reserve Trickle Down Policies Enrich Wall Street While Screwing Consumers
August 13, 2012 Leave a Comment
The Federal Reserve’s policy of printing money and repressing interest rates to all time historical lows was supposed to result in widespread economic benefits. The results to date, however, have proven uneven. While homeowners have reaped the benefit of lower mortgage rates, savers and retirees have experienced real negative returns, which has resulted in a […]