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Response to Putin in Ukraine: We shall batter you with pillows

Posted April 6, 2014 By David Haggith

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 […]

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Fukushima Fallout – Follow the money!

Posted March 21, 2014 By David Haggith

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 […]

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Economic Forecast 2014: Strong Headwinds Face Global Economy

Posted March 17, 2014 By David Haggith

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 […]

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Ireland Leads Way to First Cashless Society

Posted March 10, 2014 By David Haggith

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. […]

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Simple and Clear Reasons the Next Economic Crash Will be Worse Than the Last

Posted February 16, 2014 By David Haggith

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 […]

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Do Europeans have a knack for underestimating evil?

Posted February 4, 2014 By David Haggith

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 […]

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Can you believe what Cathy McMorris Rodgers said in her Republican Response to State of the Union Address?

Posted January 29, 2014 By David Haggith

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 […]

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IRAN NUCLEAR CRISIS: See how Iran Duped the West to buy time

Posted January 13, 2014 By David Haggith

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 […]

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Five Years of Obama, Jobs Still in the Tank

Posted October 24, 2013 By David Haggith

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 […]

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Hyperinflation Horizon – Is the Fed Building a Hyperinflation Bomb?

Posted September 30, 2013 By David Haggith

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 […]

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WND WorldNetDaily – Paranoid Propaganda for the Masses

Posted September 13, 2013 By David Haggith

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 […]

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Mortgage Meltdown: What does the rapid rise in mortgage rates say about economic recovery?

Posted July 1, 2013 By David Haggith

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:   […]

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2013 Economic Predictions Revisited

Posted June 16, 2013 By David Haggith

It’s time for the mid-year audit of my 2013 economic predictions. I learned from last year and throttled back a little this year. While luminaries like Marc Faber predicted a great economic collapse in 2013, I decided the government has a lot of energy to keep powering through a bad plan. It would be almost […]

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2013 Economic Predictions

Posted January 1, 2013 By David Haggith

As I consider my 2013 Economic Predictions, I have to take a lesson from my “Economic Predictions for 2012.” I was right in all the trends, because economic fundamentals drive the trends, but I was wrong in not seeing how denial of economic reality could maintain itself longer than I thought, slowing the speed and […]

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