Don’t Believe the Unemployment Rate

So, the government tells us the unemployment rate is just over 5%. These are the same people who told you “if you like your doctor, you can keep your doctor”… that the attack on the Libyan embassy was a “spontaneous protest of an Internet video” no one saw… bureaucrats who claim the cost-of-living is lower because you can substitute cat food for steak (hedonics), and that there has been no price inflation, therefore they don’t have to increase government checks for those dependent on them… Read more […]

David Stockman on Ben Bernanke and the Federal Reserve

Video: David Stockman interviewed on the baleful record of Ben Bernanke and our economy. The video embedded below is a must-see interview!! Please… I beg you… watch it. Are you concerned about “income inequality”? You should be, and you absolutely must understand why it’s gotten so massive. As David Stockman brilliantly explains here it’s not because of a failure of Capitalism, but a coup d’état by Central Banks in league with governments around the world. [See also, “David Stockman Read more […]

Debt Slavery May Be Our Future

Through the banks and governments in league with them, we are heading toward debt slavery on a planetary scale. This is very long, but overall a very fine assessment of the problems plaguing the world financial system. “The Zombie System: How Capitalism Has Gone Off the Rails.” No country will escape the carnage when everything truly runs off the rails and into the economic ditch. I understand why such authors choose to use the term “capitalism” even when what they criticize and lament Read more […]

David Stockman On Why Financial Reporting Is So Bad

The United States became the economic wonder of the world—producing real wealth and earned prosperity for a higher percentage of her people than probably any nation in all of history—by actually making and selling stuff. We were largely free to work, and to benefit from our efforts. Now, the Federal Reserve has enabled the financial sector to grow its slice of the pie, not by providing real goods or services, but by setting up tollbooths on the economic highway. Charles Hugh Smith is probably Read more […]