President Obama is waving the white flag of amnesty for illegal immigrants taking jobs from U.S. workers. He deliberately entices cheap labor into the U.S. by promising that a path to citizenship will be coming soon. He waves that flag high enough to be certain that willing takers from countries south of the U.S. border will see it. […]
Russia and China started backing out of U.S. bonds as a from of reserve currency shortly after the Great Recession began. This year I predicted that the conflict between the U.S. and Russia over Crimea would lead to Russia taking a much more aggressive role in offloading the dollar as the world’s reserve currency. The Crimean conflict would become significant […]
The following writer says it very well: Western reactions are trivial. Immediately, Washington and the European Union announced sanctions: freezing bank accounts and denying visas for a handful of senior Russian and Crimean leaders….. Battered by feathers and pounded by marshmellows, the afflicted Russians professed vast amusement. Who would have been stupid enough to leave […]
On the same day that news stories broke about Fukushima fallout finally finding the shores of Vancouver, Canada, another story appeared from the other side of the ocean, stating that TEPCO has suspended all treatment of its radioactive water. This is the water that is used for cooling the nuclear reactors that could never melt […]
My “Economic Forecast 2014″ starts with Russia. The first breezes of coming turbulence are already blowing in on the U.S. as a storm I’ll name “the Russian Rampage” hits Crimea and Russia braces for the the U.S. response. Foreign-owned U.S. bonds held in custody of the Federal Reserve took their largest drop on record last […]
The Central Bank of Ireland is launching a €1 million campaign to create a cashless society in Ireland. The Central Bank on Dublin’s Dame Street is hoping to persuade all of the Irish to surrender their cash forever, and they’re using the current Irish economic troubles as a ripe opportunity to turn that corner on cash. […]
We’ve spent an unprecedented fortune trying to rebuild out of the rubble of The Great Recession; yet, we are building by the same architecture that caused our economic structure to collapse in the first place. We all recall how the buzz phrase of the Great Recession was “too big to fail.” The lynchpin that triggered […]
Does Europe’s chief negotiator think social intercourse is really what is important about talking with Iran? Perhaps Iran will not have time for nuclear armament if she keeps it busy talking. Just days into a new agreement with Iran, which already drags the clock out for more time to talk, Europe’s chief negotiator is suggesting the […]
Republican-leaning business magazines gushed over Cathy McMorris Rodgers’ speech as being a flawless response to President Obama’s State of the Union Address. “Without mistake” they said. “Caring.” “Clear and straightforward.” “A rising star.” “The best GOP Response.” John Boehner’s spokesman crooned, “The perfect SOTU [State of the Union] response.” The responses read like accolades on the […]
Iran’s President Hassan Rouhani claims in the linked articles and video to be a master of subterfuge and deceit, as if he is practically the author of the Iran nuclear crisis. When asked why he engaged in negotiations with the West, Rouhani claims to his own people, “We needed time,” and he points out Iran […]
Let’s look at some simple facts about how much improvement Obamanomics has given us in the job market after five years. The number of Americans who are capable of work but have chosen not to work has risen from 80,507,000 to 90,609,000, the first time it has ever topped ninety million. Ten million more people […]
The air-raid sirens are silent, but it doesn’t mean the bomb is not falling. The question to be answered is not whether the Federal Reserve is creating the possibility of runaway inflation, but “can the Fed dismantle the hyperinflation bomb that is already falling before it hits the earth?” No one — even at the […]
I would suspect most of my readers have never seen the WND (WorldNetDaily) website, but I sometimes browse mirky backwaters in search of economic news that the press is largely missing. In the process, I stumbled into a cesspool of propaganda known as WorldNetDaily or WND, which is a watering hole for people with views so […]
Federal Reserve Chairman Ben Bernanke merely hinted that the Fed MIGHT START to TAPER its quantitative easing MONTHS from now, and that breath sent mortgage rates soaring in one of the steepest rates of rise the U.S. has seen. This confirms one of the primary themes of this blog in the starkest way possible: […]
