The French think they were right about everything. Iraq, for example. The French have deep ties to the Arab world. They knew Iraq would be a tar baby for the US – just like Algeria had been for them. You pick it up…you can’t put it down.
June 3rd, 2009 | Bill Bonner | 6 comments | ContinuedAll Posts Tagged With: "congress"
Federal Government Making Taxpayers Pay Taxes for Nothing
Now, there are many definitions of nothing, most of them referring directly to me, as in “you are nothing as a husband, father, employee, neighbor, citizen or even a pale resemblance to a normal human being,” but in this particular case I am referring to all of the federal personal income taxes paid last year, net of refunds.
June 2nd, 2009 | Mogambo Guru | 1 comment | Continued
DMCC and their Precious Metals Vault
Because from that distant desert kingdom comes word that the Dubai Multi Commodities Centre (DMCC) has finished building a state-of-the-art precious metals vault, with world-class tracking and security systems.
May 28th, 2009 | Byron King | 0 comments | Continued
Monetary Inflation the Old-fashioned Way!
All of our economic problems are caused by the Federal Reserve creating the excess of money and credit that produced the bubbles in stocks, bonds, houses and size of government, but doesn’t have to be electronic money made from electronic credit.
May 5th, 2009 | Mogambo Guru | 1 comment | Continued
The Fed and Congress Did Almost Nothing
But it was a different world back then. To make a long story short, the great boom was just beginning…the Empire was still rising…its currency was still backed by gold…and its books – both federal government registers and national trade accounts – were in balance.
May 1st, 2009 | Bill Bonner | 0 comments | Continued
Policy Makers and the Depression
The upside of a severe and painful depression is that the much needed adjust in the economy would finally happen. The flow of credit to productive enterprise and real risk-taking (value creating) activities could resume.
April 23rd, 2009 | Dan Denning | 25 comments | Continued
Investors in COMEX Futures Don’t Necessarily Want Physical Gold
The big problem belongs to the short-sellers of gold, who are finding, suddenly, that “long buyers were demanding in droves” – demanding physical gold bars, when, apparently, there were not enough.
April 14th, 2009 | Mogambo Guru | 4 comments | Continued
The Law of Supply and Demand is Not Dependant Upon Congress
For us, it applies heavily to the advances of government into the field of business. It only makes sense: the occupants of the White House and the Capitol have done such a good job with their budgets over the years, they just want to help everyone else (over the cliff, that is).
April 2nd, 2009 | The Daily Reckoning | 1 comment | Continued
Greenspan and His Demented Federal Reserve Chairmanship
He is reported to have said, “Given the decoupling of monetary policy from long-term mortgage rates, accelerating the path of monetary tightening that the Fed pursued in 2004-2005 could not have prevented the housing bubble.” Hahahaha!
March 24th, 2009 | Mogambo Guru | 1 comment | Continued
What Did the Feds Think When They Gave AIG Money?
One member of Congress – Senator Grassley – retreated from his call for AIG executives to commit suicide. It would be all right with him if they just showed a little contrition, he says now.
But all over the world – and especially in Washington DC – the mobs are out in the streets with liquor on their breath and ropes in their hands.
March 19th, 2009 | Bill Bonner | 3 comments | Continued
Free Money
When the Spanish Galleons came back from the New World with cargoes of gold and silver coins, the Spaniards thought they’d hit the jackpot. All of a sudden, Iberia had plenty of money. Historians report that the Spanish neglected their fields and their manufactures; now they had easy money to spend. Prices rose quickly. Then, when the treasure ships stopped coming, the Spanish were broke. Spain – and Portugal too – went into a decline that lasted four centuries.
March 16th, 2009 | Bill Bonner | 2 comments | Continued
Dow Shows Signs of Life
Stocks in the United States have lost $11 trillion in value – more than cut in half – without a single major bounce. We expected one after Obama was elected. All we got was a 15% ricochet. Then, after he announced his major stimulus/bailout/boondoggle program…we thought, surely, stocks would rally then. Nope. Instead, globally, stocks are down 20% since Obama office.
March 12th, 2009 | Bill Bonner | 0 comments | Continued
An Edifice of Pure Economic Crapola
Well, there is more, as the mysterious, necromantic arts of economics comes in to determine, as a constant – with an astonishing precision out to three decimal places! – exactly HOW much you spend and how much you save of each dollar! Hahaha!
February 18th, 2009 | Mogambo Guru | 2 comments | Continued
SOS: Suffocating On Spending
Now you know part of the reason that Congress has officially gone into Panic Mode, which was unofficially announced by Bloomberg.com reporting that “The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion.”
February 13th, 2009 | Mogambo Guru | 2 comments | Continued
Signs of Life
Here’s a thought: if Washington can set salary caps on Wall Street because taxpayer money is involved, why can’t the rest of America set salary caps on American legislators? Those clowns get government money every single day. They even spend money they don’t have by robbing from generations of unborn Americans. And they’ve run regular structural budget deficits for decades!…
February 5th, 2009 | Dan Denning | 1 comment | Continued
