Dec 8 2011

8 charts from a brave new banking and economic system – Federal Reserve refutes bailouts yet fails to address inflated questionable assets on their balance sheet. Do you think a $7 billion insurance fund can support the $9.7 trillion in deposits at U.S. banks?

The Federal Reserve has been going back and forth with reporting from Bloomberg regarding the massive bailouts and loans made to the financial sector during the crisis.  What is rather astonishing is the ability to discuss trillions of dollars of loans made to largely irresponsible financial institutions with absolutely no oversight.  Like an angry couple […]

Dec 1 2011

When the clock strikes 12 – the midnight economy of food assistance. Millions of people shop on the first of the month because electronic food assistance cards are credited. The lost wages of a decade and a Fed determined to bailout the world.

We have a serious economic crisis on our hands and the media simply fails to acknowledge it.  You might be waking up to the first of the month thinking the wheels of the economy are fine.  Yet silently, millions of Americans drive into mega supercenters like Wal-Mart only to wait for their monthly allotments of […]

Oct 27 2011

The walking debt – U.S. public debt now surpasses $15 trillion. The financial sector has wreaked disaster in the American economy. Wall Street banks cause havoc in housing and student loans.

It can be argued that the world is suffering from an epidemic of chronic debt.  The financial sector loves to play on words and would rather call certain debt issues as a credit crisis as if it were a temporary thing like a mid-life crisis.  This is also similar to renaming junk bonds to something […]

Jul 17 2011

Manias, implosions, and financial disasters – the unsustainable nature of our current debt based financial system.

Trying to induce inflation to reduce accumulated debt is not a modern invention.  Dr. Carmen Reinhart and Dr. Kenneth Rogoff trace this kind of financial crisis and others back to the Dionysius of Syracuse during the 4th century.  The debasement of currency also occurred in the Roman empire and Byzantine empire and as usual printing […]

Jul 7 2011

The grand financial recovery myth – 8 charts reflecting the true beneficiaries of four years of taxpayer bailouts. Transfer payments make up 22 percent of household income and public debt surpasses annual GDP.

While the economy is recovering in raw GDP terms the working and middle class Americans are having a smaller and smaller piece of the pie.  The recovery is disproportionately flowing to a tiny fraction in our population and largely is based on targeted bailouts to the financial sector.  After four full years of bailouts and […]

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