Mar 24 2011

The financial scam of the century – In 2010 we added 600,000 millionaires while 5,000,000 people were added to the food stamp program. Wealthy derive profits from stocks while middle class hold most of their net worth in housing.

Part of the discontent roaming across America is that the economic recovery is targeted to a small portion of the population.  This part of the population controls most of the mainstream media channels so the working and middle class are wondering why isn’t the fact that food, college, health care, or many other day to […]

Feb 15 2011

Collective financial insanity – FDIC backing $5.4 trillion in total deposits on pure faith – US banking operating with negative deposit insurance fund and massive debt leverage. The greatest Ponzi scheme known in the financial world.

People psychologically are programmed to believe in financial realities that benefit their own cause even if they have no merit in empirical data.  Many also forget that banks, especially the investment kind have a notorious track record of running amok when allowed to.  The FDIC and US banking is a perfect example of a system […]

Feb 12 2011

Wall Street rally based on fantasy valuations and investment banking trading – S&P 500 back to 2007 valuations and up nearly 100 percent from March 2009 trough.

Wall Street has a way of sucking people back into a money losing vortex.  With hedge funds using high frequency trading boxes the public has no chance in competing with these organized and sophisticated gambling casinos.  It is amazing how quickly people forget.  It was only in March of 2009 that the S&P 500 hit […]

Jan 11 2011

The gambling economy – Nevada GDP contracted 6.4 percent during the crisis. A state where 1 out of 4 people is unemployed or underemployed. States trying to balance budgets with gambling and casinos.

Nevada has really taken a hard hit from the current recession.  Most Americans at some level have felt the repercussions of the current financial crisis but Nevada has felt the pangs of the crisis much deeper.  Nevada now holds the highest unemployment rate of any state in the country.  Nevada’s GDP is $131 billion with […]

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