Games Washington Plays. Trick #4: Off-Balance Financing

Deficits, Debt and Excess Consumption As you may recall, in February 2008 President Bush unveiled a whopping $3.1 trillion budget that boost military spending and reduced health benefits for retire...

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Games Washington Plays. Trick #3: Employment Data

The government and related agencies are responsible for reporting the nation’s economic data. Thus, they’re in the driver’s seat to manipulate this data, while dumping so much of...

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Games Washington Plays: Trick #2, GDP Delusions

I continue where I left off – discussing just a few of the ways Washington tries to fool us by its misuse and manipulation of data. Washington likes to remind critics that Americans enjoy the hi...

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Games Washington Plays. Trick #1: Hedonic Pricing

For all of you out there who listen to economists and think they know what’s going on, hopefully you will begin to realize that the official data you see is nothing but an illusion after you rea...

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Another Victim of America's Ponzi Scheme Economy (Part 1)

As of yesterday, Lear Corp., an auto parts supplier for the "Little 3" joined the list of others who have been victimized by the collapse of America’s Ponzi scheme economy. 

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Another Victim of America's Ponzi Scheme Economy (Part 2)

Today, America’s “New Economy” is based exclusively on services - primarily financial and technology-based services, with a whole slew of attorneys and consultants to...

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More Propaganda from Kudlow

In case you don’t know who Larry Kudlow is, he’s one of the CNBC hacks who continued to claim the economy was strong though most of 2008. Kudlow epitomizes the word hack. His track recor...

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Learning from Japan

I ran across an interesting story about how Japan is using a somewhat innovative approach to deal with its own symptoms of what will eventually be recorded in history books as the global depression....

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The Deflation Myth

For some strange reason, economists, and those who actually give credence to what they say seem to think that a single period eighty years ago set a precedent cast in stone for what to expect from thi...

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Risks of the Proposed Bailout: Part 2

Accountability is a Must Would I support a bailout? Maybe. But that’s a very big maybe. At the very least I would need to see a clear plan with specific guidelines, executed by credible a...

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Payback is a BITCH

NOTE: Mike Stathis predicted the precise details of the financial crisis in his 2006 book, America's Financial Apocalypse. The Jewish Mafia REFUSED to publish this landmark book because it...

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The Plain Truth

I Repeat… I continue to be amazed by so many out there, from the pundits with their agendas to the so-called experts who zoom in on every grain of short-term optimism with an electron microsco...

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Greenspan, Get Lost!

Mr. Greenspan, you have been the individual most responsible for the current crisis; a crisis which commenced only a few years after you tried to minimize the dotcom collapse, which of course you also...

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Farewell Indy. What's Next? (Part 2)

Those of you who are familiar with my previous publications know my real estate forecasts remain unchanged since first published in 2006.

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Farewell Indy. Who's Next? (Part 1)

On Friday, IndyMac joined the long and growing list of bankrupt mortgage companies (Accredited Home Lenders, Novastar Financial, Fremont General and dozens of others) that have been taken down by what...

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