The debt ceiling debate is providing plenty of opportunity for political theater in Washington. Proponents of raising the debt ceiling are throwing around the usual scare tactics and misinformation in order to intimidate opponents into accepting more debt and taxes. It is important to distinguish the truth from the propaganda. First of all, politicians need [...]
Category: The Fed
July 20, 2011
June 1, 2011
Depression Did I Just Read Depression? CNBC Just Printed Depression…
Wall Street is having a hard time figuring out what to do now that the U.S. economy appears to be sputtering and yields are so low, Peter Yastrow, market strategist for Yastrow Origer, told CNBC. “What we’ve got right now is almost near panic going on with money managers and people who are responsible for [...]
April 21, 2011
Geithner Should Resign as Treasury Secretary…
The biggest headline in the news so far this week has been S&P’s decision to downgrade their U.S. credit outlook to negative. After S&P made their announcement, almost everybody in the mainstream media proclaimed it to be a “wake up call” for the U.S. government, saying that if they don’t make a real effort to [...]
April 21, 2011
What Zimbabwe and America Have in Common…
With over $1.4 TRILLION in excess reserves, Bernanke never has to resort to QE style monetary operations ever again, to print money. If those excess reserves leak into the system, Bernanke has enough sitting there to make Zimbabwe look like a model of prudent money management. As per usual, Bernanke has most of the media [...]
April 7, 2011
Somethings Make Your Day: This is One of Them…
Bruce Fein, a former Reagan administration official in the Department of Justice and chairman of American Freedom Agenda writes in his 15-page argument of Obama’s course that “Barack Hussein Obama has mocked the rule of law, endangered the very existence of the Republic and the liberties of the people, and perpetrated an impeachable high crime [...]
March 31, 2011
Wake Up America! Obama Blessed by the Neocon’s…
Wake up America! Wake up America! Wake up America… “People who voted for Obama got 4 more years of Bush… ” How is that Change? Coffee Talk!
March 30, 2011
US house prices carry on falling…
Another fall in January for the US-wide 20-city house price index could be followed by more US single-family home prices fell for the seventh month in a row in January, new statistics show. Seasonally adjusted prices fell in 12 of the 20 metropolitan areas tracked by the SP/Case-Shiller index. In four cities, prices were at [...]
March 3, 2011
FEMA has rushed a $1 Billion order of dehydrated food…
Terror threats appear to be on the rise as FEMA has rushed a $1 Billion order of dehydrated food in the event of attacks on domestic targets in the US. This is also coming on the heels of one of the largest terror drills performed by the US Navy on American soil, as Operation Solid [...]
March 2, 2011
Real ID is your freedom gone card…
Real ID/National ID Card Congressman Ron Paul: “Proponents of the REAL ID Act continue to make the preposterous claim that the bill does not establish a national ID card. This is dangerous and insulting nonsense.” HR 418- A National ID Bill Masquerading as Immigration Reform by Ron Paul A National ID Card is right around [...]
January 23, 2011
Freedom is Over and Done in America…
So those ‘wild-eyed, crazed, lunatic, gun-totin’, anti-gubmint, right-wing, survivalists’ who kept yapping mindlessly about black helicopters were… …right… Nice try America… but the grand experiment in individual freedom is over. It was dismantled and destroyed by the Pirates of Washington, the Pirates of Wall Street, Corporate America, the military-industrial complex, the war on drugs, the [...]
July 10, 2010
Economic Hell…
Most Americans are too busy or distracted to realize the world economy now sits on an unprecedented abyss. The question is – will the US economy, which dominates all other economies ($14 trillion of the world $61 trillion gross domestic product (GDP)), get back on a growth curve after being derailed by imprudent and outright [...]
March 10, 2009
Starting to Look a Lot Like Depression!
Depression is here: “US Federal Reserve chief Ben Bernanke says the world is suffering from the worst financial crisis since the 1930s.“ Starting to look a lot like depression, that special time of the year. Starting to look a lot like depression so chin up and give a cheer! Coffee Talk
March 2, 2009
AIG Holding Out Her Hand Again and Again and Again!
Insurance giant AIG has reported a loss of $61.7bn (£43bn) in the final three months of 2008 – the largest quarterly loss in US corporate history. The Fed is giving them more money to waste! Another 30 billion dollars… How come years and years ago when I over extended in my business and got in [...]
March 1, 2009
Million To A Trillion!
If you are not sure of the difference by the way, think of it like this. A million seconds is 11 days. A billion seconds is around 32 years. And a trillion therefore is 32,000 years. Now put that in dollars… Coffee Talk PS: America is in a world of hurt real soon. We are [...]