The Central Bank of Ireland is launching a €1 million campaign to launch 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: […]
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 […]
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 […]
2012 brought a change to global stock markets we have never witnessed. The unprecedented money-mongering of central banks has caused stock exchanges to completely unhitch themselves from economic reality. Markets now react inversely to their economies, a situation that begs for a devastating stock market crash. The great stock market bubble of the Great Recession […]
It’s time to assess my own 2012 economic predictions. In looking honestly at the shortcomings in my predictions, I see something interesting. The picture of events formed a ghost image to my own forecast. It shaped up weaker than I had predicted, and yet has taken the exact form I envisioned, albeit in paler colors […]
How can Republicans still believe a capital gains tax increase will hurt investment and jobs when the world’s most successful, multi-billionaire, investment advisor begs to differ? Republicans may stand on the right side of the aisle, but they certainly do not stand on the right side of the argument when it comes to ending the […]
