This is as good a lesson as you will see on immigration. Population is a fundamental variable in economics. It is important to understand it, as the inflation or deflation debate continues. I am 100% certain some things are going to go up in price as the populations continue to climb. [more]
MY COMMENT: America's leading Financial Reporter, Rolling Stone's Matt Taibbi breaks another ground breaking story here. [more]
MY COMMENT: In general, Fools need to be doing the opposite of anything the cooperate media promotes. In the last couple weeks, they have had almost all of my favorites on these shows and actually giving these truth tellors significant air time. It might be due to the fact most Americans no longer consider corperate news credible sourse and are using the internet and blogsphere more and more. However, we might be approaching a shift...not sure exactly why they are giving them air time now. It is an omnious sign. In the back of my mind, I am expecting a dollar rally. [more]
MY COMMENT: I have limited bandwidth and time, so I cannot address Downwithinfidels blog post. I liked his portfolio when he was negative in points and said so in my post: [more]
Author and historian Johan Norberg gives an abbreviated version of the events that caused the housing bubble and primed the financial crisis.
How was it possible that in a world where thousands of people regulated financial markets the whole system crashed down? And should we now give more power to central banks, government agencies, politicians, and regulators? Isn't that what brought us here in the first place?
Financial Fiasco digs deep into the foundation of the economic meltdown, revealing how it was the product of conscious actions by decisionmakers in companies, government agencies, and political institutions, and by consumers. Financial Fiasco tells the compelling story of how rate-cutting by the Federal Reserve inflated the real estate market and fueled increased risk-taking in the financial markets; how new government policies to promote home ownership blasted air into the credit bubble; how new financial instruments, credit-rating requirements, and accounting rules intended to prevent cheating backfired; and much more. - Cato Institute
Johan Norberg is a senior fellow at the Cato Institute and a writer who focuses on globalization, entrepreneurship, and individual liberty. Norberg is the author and editor of several books exploring liberal themes, including a history of liberal pioneers in Swedish history. His book In Defense of Global Capitalism, originally published in Swedish in 2001, has since been published in over twenty different countries.
Norberg's articles and opinion pieces appear regularly in both Swedish and international newspapers, and he is a regular commentator and contributor on television and radio around the world discussing globalization and free trade. Prior to joining Cato, Norberg was head of political ideas at Timbro, a Swedish free-market think tank, from 2003 to 2005. [more]
Congressman Ron Paul discusses his new book "End The Fed," as well as other economic issues and Federal Reserve-related topics on CNN's "American Morning." Truth ensues. [more]
MY COMMENT: Got trust? Fools getting giddy over this rally, think the crisis is over. The banking crisis might be over due to monetary expansion (aka Print Money and give it to the BIG banks until they are solvent). However, the REAL economic crisis is just getting started. How much longer do you think the US government can borrow $3 billion a day? How much longer do you think most states and local governments can go on with out major restructuring? Do you think that the restructuring will include massive hiring or lay offs and pension defaults or cut backs? [more]
This is a great TED video. A great Economic overview and some hope for the future outside of Wallstreet. [more]
MY COMMENT: Zerohedge has a one of the best quotes this week and does a good job of making fun of this FED idiot/puppet. I have to wonder how much longer this can go on. They must feel like the people/masses are idiots, who worship their economic prowice. Do they know anyone outside of their "elite circles"? [more]
MY COMMENT: No need to argue with some Fool about whether Baby Bush was the worst president ever, Doug Casey provides the best write up I have seen. I really think you save a copy of this in case some Pro-Bush nut tries to feed you some Pro-Bush propaganda. Also do not waste time here cheerleading Obama. "By their deeds you shall know them" - it is not over just started, and he can make it much much worse. [more]
MY COMMENT: Fooldom started this discussion back in Feb 2007. I remember arguing with Fools about how damaging and dangerous the FED was. Now it is obvious, who caused the bubble and the aftermath that is coming. These idiots trying to blame capitialism are off the mark, we do not have capitialism in the US. We have corperatitism with socialized losses privatized profits. [more]
"The Roman people, the mass of the population, had but one wish after being captured by the barbarians: to never again fall under the rule of the Roman bureaucracy." [more]
A blast from the past to teach some basic Economics. Turn it Up and dance naked gold bugs! [more]
MY COMMENT: The panic into physical gold/silver might rival the NASDAQ and Housing bubbles. I was at a public auction back in March any time a $90 gold coin (1/10 ounce) came up they would bid it up to $130 - 235++. There more 5-10 people bidding like crazy for the gold and silver. [more]
FYI - Zerohedge finds the story: Some More On Insider Selling And Money On The Sidelines, Compliments of TrimTabs And Cigar Aficionado [more]