Americans Robbed of over Ten Percent of Their Wealth Since the Recession

Over and above taxes and other scams, how were Americans robbed? By the Federal Reserve through inflation. Let me preface this by saying I have never been a Glenn Beck fan. I only saw this because of a link on a news aggregator. You would never hear this kind of frank and truthful discussion from any of the major corporate media. Peter Thiel—co-founder of PayPal, among his other credentials—lays bare the immorality of the current banking and power structure in a way I have rarely heard. Remember Read more […]

Our Economic Masters Are Afraid of Low Prices!

Our elites profit as long as we are kept from enjoying low prices! The economic house of cards continues to wobble. A collapse is inevitable. Evan Ambrose-Pritchard writes in the Telegraph: “Dam breaks in Europe as deflation fears wash over ECB rhetoric.” A key gauge of deflation risk in Europe is flashing red, dropping to record lows on fears of fresh recession and lack of decisive action by the European Central Bank. The sudden lurch downwards came as Bank of America warned that Read more […]

The Economics Of Haters: Cars & Baby Clothes Not Becoming Unaffordable Fast Enough

The insane ideology posing as “economics” among our ruling class never ceases to amaze me. Here it is in a Bloomberg story: Five years into the U.S. economic expansion, inflation shows little sign of picking up as prices rise more slowly for goods and services from automobiles to medical care, complicating the Federal Reserve’s drive to guide the economy away from the precipice of deflation. The personal consumption expenditures price index, minus food and energy costs, rose 1.2 percent Read more […]

IMF: Entire World Needs To Stay High On American Monetary Heroin

File this under: we are ruled by morons. Also under: we are ruled by morons who are trapped and don’t have any solutions. From Associated Press: The International Monetary Fund’s managing director warned Saturday of the risks posed to global economic recovery from the reduction of the U.S. Federal Reserve’s monetary stimulus and falling prices in the eurozone. Despite growing evidence the global economy is faring better than it has for years, Christine Lagarde said policymakers around the Read more […]

A Plea For Corporate Welfare Posed As Concern For Poor

It never occurs to Liberals (or many Republicans) that rather than forcing money into the hands of consumers, the market is supposed to force prices lower for them. So, instead of being happy as prices fall, they are always wringing their hands when businesses that can’t compete begin to suffer. Thus, Huffington Post (from Quartz) on Family Dollar, which is reporting lower than expected profits. As poor Americans come under more and more pressure, more and more of Family Dollar’s revenue Read more […]

Jim Grant Exposes The 1/10th Of The 1 Percent: Recognizing The Kleptocracy

CNBC, much like Bloomberg, is a source for regime propaganda. It wants people to comply with a system of central-bank-driven nation-states. But the only way it can be effective as propaganda is to keep its ratings up. That is the only reason people like James Grant get time on the network. But Grant’s sensible critique of the Federal Reserve system was too much for fedreservista Steve Liesman decided to challenge him, claiming that the Federal Reserve’s QE program was “working.” Of Read more […]