Blog Archives

L.A. Infrastructure Showing Signs of Corruption

dollar bill eye pyramid

Showing city government and city planning at its finest, L.A. infrastructure is cracking up. Bloomberg.com reports: Los Angeles is showing its age, and city officials don’t have plans for financing the facelift. From buckling sidewalks to potholed thoroughfares to storm drains

Posted in Corruption, Debt, Spending, Taxes Tagged with: , ,

One Fifth of Seniors Have Nothing Saved for Retirement; Almost One Third of Everyone Have Nothing Saved

Broken piggy bank

Twenty percent of people fifty-five years of age and older have nothing saved for retirement. Thirty-one percent of adults of all ages have no retirement savings. According to the Washington Post: The sobering statistic was one of many released by

Posted in Banks, Debt, Economy, Federal Reserve Tagged with: , ,

The Obama Economy: Over a Third of Americans Dealing with Collection Agencies

debt collectors

Just how bad is the Obama economy? Associated Press reports that, according to a study by the Urban Institute, over 35 percent of people in the United States have unpaid bills or debts that have been turned over to a

Posted in Debt, Economy Tagged with: , ,

Auto Loans: The Entire Subprime Crisis is About to Happen Again

Grand-Theft-Auto-V

When the mortgage crisis hit, many people thought that it couldn’t take down the entire economy and bring about recession. They were wrong. So I have no way of knowing just how much damage the subprime bubble in used car

Posted in Banks, Business, Corruption, Debt Tagged with: ,

Is the Financial System Now More Unstable Than in 2007?

Broken piggy bank

We “solved” a debt-crisis by taking on additional debt. Why, with economic brilliance like that, what could possibly go wrong?!? I mean, when we don’t make enough to cover the mortgage and credit card payments don’t all of us rush

Posted in Banks, Debt, Economy, Federal Reserve Tagged with: , ,

IMF Wouldn’t Be Suggesting Such Bold Robberies if They Weren’t Desperate for Your Cash

christine lagarde

Most Americans simply can’t wrap their heads around the brutal side of socialistic thinking. The West was founded on Biblical ideals, including “You shall not steal.” Socialists, however, come from an entirely opposite worldview where private property is an illusion—everything,

Posted in Banks, Corruption, Debt, Federal Reserve Tagged with: , ,

Pentagon: We Need to Ruin American Economy for the Sake of These Endless Interventions

pentagon

According to a recent Reuters story, the military is suffering from the problem of “less money, more commitments.” First it was worries over the South China Sea, Afghanistan, Libya, Mali and Syria. Then it was Russia’s annexation of Crimea and

Posted in Debt, Economy, Military, War Tagged with: , ,

All Michigan Residents Are Being Hit Up for Detroit’s Financial Failure

Detroit-Michigan

Detroit had many good years. People found jobs there and wanted to locate there rather than anywhere else in Michigan. Now that is no longer the case. But there was a time when many locations in Michigan could not attract

Posted in Debt, Politics Tagged with: , , ,

Do Ukraine & Russia Show Us How Economic Collapse Will Cause Foreign Conflict?

money swirl

I heard the story on the radio and then saw it at Newser.com: “Russia Cuts Off Gas Supply to Ukraine.” Relations between Russia and Ukraine are set to slide even further downhill after Kiev and Moscow failed to make a

Posted in Debt, Economics, Economy, War Tagged with: ,

Chinese Mountain-leveling Cities Show the Communists are Super-Keynsians!

chinese ghost city

It is now a proverb that Keynes believed you could stimulate the economy by paying someone to dig a hole and paying someone else to fill it up again. That should sound strange to many people, though when they’ve heard

Posted in Debt, Economics, Economy, Spending Tagged with: , , , , , ,

College Is A Good Investment For People Who Can Afford It And Have A Plan to Use It

higher ed bubble

Another piece of the college bubble protection propaganda appeared in the Washington Post. Catherine Rampell writes under the headline (perhaps chosen by an editor), “College is not a losing investment.” College enrollment is dropping again — and that’s a bad

Posted in Debt, Economics, Economy, Education Tagged with:

Why Bob Dole’s “Bridge to the Past” is a Bridge to Nowhere

Bob Dole

Politico.com has run an almost tender puff piece: “Bob Dole goes home.” When Bob Dole ran for president in 1996 at the age of 73, Democrats derided him as a relic and a man out of place in the electronic

Posted in Debt, Economy, Politics, Spending Tagged with: , , ,