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Sorry Losers!
Sorry Losers! By its actions, the Federal Reserve has selected a precious few winners and many, many losers. Sadly, you are highly likely to be one of the losers. Sorry! I’m one, too, if that helps soften the blow. But we have a lot of company. Other losers include: Savers Anyone with money in a […]
Alan “Bubbles” Greenspan Returns to Gold
Alan “Bubbles” Greenspan Returns to Gold Under a gold standard, the amount of credit that an economy can support is determined by the economy’s tangible assets, since every credit instrument is ultimately a claim on some tangible asset. […] The abandonment of the gold standard made it possible for the welfare statists to use the […]
Planet Debt
Planet Debt Low Interest Rate Persons She is a low-interest-rate person. She has always been a low-interest-rate person. And I must be honest. I am a low-interest-rate person. If we raise interest rates, and if the dollar starts getting too strong, we’re going to have some very major problems. — Donald Trump Two low interest rate persons! The Trumpsumptive president […]
Greenspan: “This Is The Worst Period I Recall; There’s Nothing Like It”
Greenspan: “This Is The Worst Period I Recall; There’s Nothing Like It” During a CNBC inteview today, when discussing the historic Brexit vote outcome, Alan Greenspan unleashed a fiery sermon that could have been prepared just by reading a random selection of posts from this website, the former Fed chairman told his shocked hosts that the current […]
No More Twofers——Why The Vaunted “Clinton Prosperity” Of The 1990s Is A Risible Myth
No More Twofers——Why The Vaunted “Clinton Prosperity” Of The 1990s Is A Risible Myth That Hillary Clinton has—–unaccountably——stood by her man for 40 years is her particular foible. But now she wants 320 million Americans to stand by him, too, by electing her President so she can make Bill the nation’s economic czar: During a speech in […]
Former Fed Advisor Asks “Has The Fed Bankrupted The Nation”
Former Fed Advisor Asks “Has The Fed Bankrupted The Nation” Volcker, Greenspan, Bernanke and Yellen. Which one does not belong? Logic dictates that Volcker should have been odd man out. After all, there is no legendary “Volcker Put.” The towering monetarist made no bones about never being bound by the financial markets. The same can certainly not […]
Bernanke’s Former Advisor: “People Would Be Stunned To Know The Extent To Which The Fed Is Privately Owned”
Bernanke’s Former Advisor: “People Would Be Stunned To Know The Extent To Which The Fed Is Privately Owned” With every passing day, the Fed is slowly but surely losing the game. Only it is not just former (and in some cases current) Fed presidents admitting central banks are increasingly powerless to boost the global economy, even […]
Ben Bernanke: “Helicopter Money May Be The Best Available Alternative”
Ben Bernanke: “Helicopter Money May Be The Best Available Alternatives Now that the prospect of helicopter money by the ECB has so infuriated Germany, the ECB had to reach out to Schauble to “mollify” the Germans who are dreading the second coming of monetary paradrops in one century, it was only a matter of time before Citadel’s […]
Recipe for Collapse: Rising Military and Social Welfare Spending
Recipe for Collapse: Rising Military and Social Welfare Spending Leaders faced with unrest, rising demands and dwindling coffers always debauch their currency as the politically expedient “solution.” Whatever you think of former Fed chair Alan Greenspan, he is one of the few public voices identifying runaway entitlement costs as a structural threat to the economy […]
Greenspan Explains The Fed’s Miserable Track Record: “We Didn’t Forecast Better Because We Can’t”
Greenspan Explains The Fed’s Miserable Track Record: “We Didn’t Forecast Better Because We Can’t” On March 11, the National Archives announced its first opening of Financial Crisis Inquiry Commission (FCIC) records, along with a detailed 1,400-page online finding aid (yes, just the index is 1,400 pages). The records which are available via DropBox, seek to identify the […]
Secret Monetary Group Warns a Catastrophe Is Coming
Secret Monetary Group Warns a Catastrophe Is Coming This is just the tip of the iceberg. The Bank for International Settlements is nothing if not obscure. As the central bankers’ bank, it seems little-more than a back-door, private club for monetary elites to rub shoulders. And it’s located in Switzerland which has always carried a […]
Eugen Bohm Von Bawerk: Greenspan, The Sheepherder
EUGEN BÖHM VON BAWERK: GREENSPAN, THE SHEEPHERDER It is common knowledge by now that Federal Reserve Chairman Alan Greenspan oversaw, enabled and approved of, a major transition in the US economy. His infamous “Greenspan-put” in which his actions at the central bank would be driven, if not dictated, by the whims of financial markets, clearly […]
Alan Greenspan’s Pickled Economy
Alan Greenspan’s Pickled Economy Winter of Discontent Former Federal Reserve Chairman Alan Greenspan resurfaced this week. We couldn’t recall the last time we’d heard from him. But, alas, the old fellow’s in desolate despair. Unexpectedly rising from the crypt: Alan Greenspan Photo credit: AP On Tuesday, for instance, he told Bloomberg he hasn’t been optimistic for “quite […]
Striking Admission By Former Bank Of England Head: The European Depression Was A “Deliberate” Act
Striking Admission By Former Bank Of England Head: The European Depression Was A “Deliberate” Act Once again we find that it is only after they leave their official posts that central bankers finally tell the truth. Last night, it was Alan Greenspan who blasted the state of the economy, saying that “we’re in trouble basically because […]
