This ‘Recovery’ is a Scam

Officially, the crisis is over. Everyone says so. Central bankers and Treasury officials have been congratulating themselves. It’s been a year now since the end of the world didn’t happen. These fellows take credit for it. Claptrap! Balderdash! Flimflam! Words: 669

See larger image Financial Reckoning Day Fallout: Surviving Today's Global Depression (Hardcover) By (author) Addison Wiggin, William Bonner List Price: $27.95 USD New From: $15.96 In Stock Used from: $15.49 In Stock

10 Reasons We are NOT Undergoing a Cyclical Recovery

This is NOT a business cycle: this is a one-time reversal of twenty years of inflation of the household balance sheet. An aging population needs a 10% savings rate (at least) to meet minimum funding requirements for the biggest retirement wave in US history but, instead, with 17% effective unemployment, many Americans are dis-saving. Words: 332

See larger image Stalking the Black Swan: Research and Decision Making in a World of Extreme Volatility (Columbia Business School Publishing) (Hardcover) By (author) Kenneth A. Posner List Price: $29.95 USD New From: $19.77 In Stock This title will be released on April 1, 2010.

$2 Trillion Treasury Issuance Will Cause Gold and Silver to Explode in 2010

Should the Federal Reserve continue to print money to gap a shortfall in Treasury sales, the creation of $2 trillion would create inflation of 25% overnight. Obviously, as in all markets, inflation will not come out of the woodwork for a period of months and possibly up to two years, but it will eventually reach the market. Subsequently, in 2010, investors of all types need to be incredibly prudent with their money and protect their assets with precious metals. Words: 410

See larger image In Fed We Trust: Ben Bernanke's War on the Great Panic (Hardcover) By (author) David Wessel List Price: $26.99 USD New From: $13.97 In Stock Used from: $13.09 In Stock Release date August 4, 2009.

This ‘Bull Market’ is Nothing But an Oversold Bounce

The TSX enjoyed a strong 2009, rising almost 31%; the S&P 500 23.5%. Does this a bull market make? This is the biggest question you need to answer if you expect to make any money from your investments in 2010 and beyond. Words: 601

U.S. Economy Propped up Against the Bar and Standing on Wobbly Legs!

If you were thinking the U.S. economy could stand firmly on its own two feet a year from now in 2011, guess again. Look no further than the U.S. housing market, where pending home sales plunged 16% in November. This critical part of the U.S. economy looks about as stable as Dean Martin around Christmas. Words: 220

Reich: Unsatisfactory Jobs Market Could Continue for Another 10 Years!

My biggest fear for the economy is continued high joblessness, which creates a vicious cycle. People don’t have enough money to buy because they feel that their jobs are precarious and they must save, or they quite literally don’t have enough money. That leads to more layoffs because businesses can’t continue to pay people if there are no customers. Those additional layoffs, of course, lead to greater fears and less capacity to buy. We end up in a double-dip, a return to deep recession. Words: 579

The 2010s: A Lost Decade

You should not be afraid of deflation. Rather, you should be afraid of policies attempting to fight it because deflation (rather price deflation) is actually the natural state of affairs. As productivity increases, more goods and services are produced relative to the population and prices would therefore be expected to drop. It is the Fed, however, along with misguided Keynesian and Monetarist economists who think falling prices are a bad thing. Words: 1509

The Case for a Deflationary Depression

90% of the people believe the economic problem is in the process of being resolved and that 2010 will be significantly better, even though many admit there might be some short term set backs on the way to the recovery. Government officials, many economists, and the vast majority of market analysts are saying it is so. This writer and a very small minority say the truth is that a terrible, deflationary depression is probably starting in the coming months. Words: 1486

5 Reasons the 2010s Could Have an Historic Bull Run

Reading through most of the ‘X Things That Will Happen in 2010′ posts, it is clear that a lot of commentary is cautious going into the New Year. No question that the world still faces massive financial imbalances that could provide significant headwinds for growth over the next decade and a blow up in an emerging market, for example, could make this decade worse than the one we just exited. It is possible, however, to envision the next decade being one of immense economic, social, and technological progress. Words: 513

Blame the Fed for Your Lack of Purchasing Power

By “sweet spot” they mean a spot where Ben Bernanke and the other central bankers produce excess money and credit by pulling it right out of their nasty butts, and as for how “sweet” it is, look around you! Doesn’t it resemble a world going down the (in keeping with the “butt” theme) toilet? How sweet is that? Hahaha! Words: 574

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