Puerto Rico Is Our Greece and More Fallout Is Coming

Puerto Rico has AT LEAST $73 Billion in debt and they can’t pay it back. Puerto Rico has economic disadvantages. Energy prices are high and there are other challenges. So what did Congress do? Congress made Puerto Rican bonds available completely tax free. This should have caused an immediate alarm to investors. After all, if Congress is doing special favors to make bonds look attractive, then that must mean that Puerto Rican bonds are otherwise unattractive. In many cases reducing taxes Read more […]

Companies and States Lying about Finances

States are hiding their liabilities and companies are exaggerating their stock market attractiveness by lying about finances. First there was Enron and then a few years later the housing collapse when we learned that the ratings on the mortgage-backed securities were completely misleading. And yet the same scams keep happening as people continue lying about finances. Drudge shared two stories last night that I think go together. Both states and publicly held companies want to appear to be Read more […]

Mysterious Banker Deaths Have Not Stopped

While we worry about climate change, and Jenner’s first name, the mysterious banker deaths continue and are not investigated. Here is an addendum to what I wrote about Senator Whitehouse and his smoke-and-fire cliché: If you think there’s a lot of “smoke” indicating fire when it comes to climate change… here’s a subject on which a full ten-alarm blaze is underway. Consider this report from Wall Street on Parade: “Wall Street Banker Deaths Continue; Where Are the Serious Investigations?” Last Read more […]

Sin Killed the American Dream

The American dream is not dead for economic reasons alone. The American Dream used to include thoughts of retirement, where one could live off the fruits of a lifetime of toil and enjoy family, friends, and maybe a bit of travel to see the world. Now, many of us have absolutely no thought of ever stopping, and will be in the workforce until no one will pay us anymore. No doubt virtually all of us should be putting away more than we are, rather than spending everything we earn today, but Read more […]

Drudge Points out Financial Dealings of Jeb Bush

Jeb Bush is changing his financial dealings to make it easier to run for President. I think running Jeb Bush as a candidate for the Republican Party is a horrible idea. The only way it could make sense is if he became Hillary Clinton’s running mate. It seems we are capping off sixteen years of Obusha with the candidacy of Jellary. But it is interesting how, now that Jeb is getting ready to run, he needs to get rid of some embarrassing financial relationships. Drudge links to this story Read more […]

Queen Hillary Clinton Demands Royal Treatment

Of course, she may act like Queen Hillary Clinton, but it is patently obvious she is simply auditioning for the role of figurehead to the real powers behind the throne. We have documented this travesty more than once, but here is the Washington Post with the latest: “Plans for UCLA visit give rare glimpse into Hillary Clinton’s paid speaking career.” When officials at the University of California at Los Angeles began negotiating a $300,000 speech appearance by Hillary Rodham Clinton, the Read more […]

Hillary Clinton on Jobs: Governments Make Them

According to Hillary Clinton, businesses do not create jobs. I know Clinton is a Leftist (or a power-hungry climber who finds support in Leftist rhetoric), but I still can’t believe she said it: “Don’t let anybody tell you, you know, it’s corporations and businesses that create jobs. You know that old theory, ‘trickle-down economics? That has been tried, that has failed. It has failed rather spectacularly. “You know, one of the things my husband says when people say ‘Well, Read more […]

Elizabeth Warren, Hypocrite and Crony Capitalist

The Elizabeth Warren attack on Barack Obama for protecting the finance industry is a con job. Yes, Barack Obama was bought and paid for by Goldman Sachs and the rest of the finance industry, so her criticisms are true enough in that area. But she is claiming that the Democrats aren’t really like that and that the Republicans are worse. Thus, the Daily Caller reports: Obama’s economic team “protected Wall Street,” Sen. Warren told Salon. “Not families who were losing their homes. Read more […]

After Defeat by Tea Party, Eric Cantor Gets Paid for Service

Eric Cantor was forced to “retire” from Congress before he planned to do so, but that doesn’t mean he has lost his reward. His years of faithful service to the financial establishment must be repaid. You may remember that the same media that praised Occupy Wall Street suddenly got all concerned about Wall Street’s well-being after Eric Cantor was defeated by a candidate who ran on opposing crony capitalism. As I posted in “Washington Post Weeps for Big Business after Cantor Loss,” It Read more […]

End the Evil! End the Fed!

Why must we end the Fed? Mark Horne nails the evil Federal Reserve System with this conclusion: When preparing for the future becomes too difficult to accomplish, people tend to push it out of their minds. They are not failing to save for the future because they don’t think about it. They are failing to think about the future because their government has made it to difficult to save for the future. The elite have enriched themselves through immoral economic policies, and force anyone trying to Read more […]

Washington Post Weeps for Poor Big Business after Cantor Loss

It is amazing how all we hear about Big Business and the Republican Party is how evil and influential the Koch Brothers are. The Republicans are despised because they serve corporate interests. Over and over again the Republicans are hammered for being the party of Big Business. And then the Tea Party wins a victory and suddenly it is bad news that Big Business no longer has the Republican Party on its side. Thus, the Washington Post: …with Eric Cantor’s shocking defeat Tuesday night, things Read more […]

Wall Street Robbed Us by Government

To everyone who sees government regulation and oversight as the way to address injustice, please read this story, and open your eyes. It is an overreaching government that enables the worst possible abuses, and also supports the most egregious “income inequality” for the world’s biggest Wall Street criminals. Matt Taibbi writes for the Rolling Stone: Today, banks like Morgan Stanley, JPMorgan Chase and Goldman Sachs own oil tankers, run airports and control huge quantities of coal, natural gas, Read more […]