Decade after decade, U.S. budget cuts have attempted to balance the budget in years far ahead. It’s become the American way. Congress always puts the austerity part of the program out where someone other than us can feel the pain for us or where some other congress can take the heat. We’re noble that way. […]
In an  earlier letter I wrote to Stan that financial crime rose to a zenith during the Bush government because George W. Bush hugely reduced the investigation and prosecution of financial crimes. I commented on the irony that Christians so strongly supported a president under whom crime flourished to the point that it caused the fall of […]
One would think conservative working people would see that a major part of the Bush tax cuts to the rich was spent in paying management more. Just compare what happened to management’s salary to the blue-collar conservative’s salary. A common sense look at the Bush tax cuts to the rich It surprises me quite […]
My landmark economic prediction about will happen in the second half of 2011, written in a letter on April 14, 2011. The first time I made this assertion. An excerpt from the previous letter to Stan, which I thought should stand on its own: I believe the second half of this year will be […]
Why has there been surprising silence about financial crime investigations during the largest transfer of wealth from the public sector to the private sector in the history of the world? The entire global economy has cracked into pieces, but how much have you read about investigations of financial crime? The following about the lack […]
First, an expanding government lives on what taxpayers give it. Then, it lives on what taxpayers give it, plus what it can borrow from them. Then, it spends everything that it can squeeze out of taxpayers, plus what it plans to squeeze out of generations of taxpayers who haven’t been born yet. Finally, when it […]
Real U.S inflation is much higher than reported because the government has changed its calculus. Real U.S. inflation in the Great Recession would match the days of the Carter Administration at about 11% if inflation were calculated the way it was back then. The change in U.S. government’s calculus means the Fed’s quantitative easing could […]
The Fukushima Japan nuclear disaster in 2011 proved to be far worse than nuclear experts predicted. The costs of the earthquake and tsunami are also greatly exceeding expert predictions at the time, but all were in line with my own. On April 12th, 2011, I wrote the following to my friend Stan: Costs of […]
 The pile-up of debt we have created by pushing the economic crisis further down the road is far worse than “kicking the can down the road.” It is more like pushing a snow straight down the road, instead off to the side, so that it becomes a mountain (of debt in this case) that you […]
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