23 August 2011
There are many people who are worried about the status of the US Dollar and inflation. Since the inception of the Federal Reserve System in 1913 the US Dollar has experienced a continuous depreciation as the Central Bank debases the currency. Those who protected their savings through strategic purchases of gold and silver benefited from the bull market in [...]
Posted in US DollarComments (2)
22 August 2011
US Economic Policy has always been to artificially increase prices in an attempt to avoid dealing with the consequences of economic recessions. Both the US Government and the quasi-private Federal Reserve have done so with their anti-free market interventionist policies. For many decades now the economic growth of the US has been dependent on Government [...]
Posted in Real EstateComments (0)
21 August 2011
In December 2008 President Bush announced the bailout of General Motors. The Republican President made it clear that he does not understand the importance of free markets as he stated it was important to intervene and prevent a failure of the US auto maker. President Bush claimed that “Chapter 11 is unlikely to work for [...]
Posted in BailoutComments (0)
19 August 2011
California was at the epitome of the Real Estate bubble, with an artificial economy booming during the years of appreciating home values fueled by the artificial low interest rates policy of the Federal Reserve and the Government loan guarantees that consistently were raised with the anti-free market support of both Democrats and Republicans. When the [...]
Posted in Economic DataComments (0)
18 August 2011
The investment ratings business is like any other. You please your customer and treat them like a king or else you’ll lose them to your competition. Why would it be any different for a rating agency? It isn’t, which answers the question as to why S&P, Moody’s, Fitch, and other analysts missed the top of [...]
Posted in Economic Data, PoliticsComments (1)
18 August 2011
At first it was Treasury Secretary Timothy Geithner, then President Obama, then Geithner followed up with with a second trip to China, then the United States sent Hilary Clinton to reassure the Chinese that the United States is a safe economic investment. All this hypocritical talk about the US taking care of its spending problem [...]
Posted in US DollarComments (0)
15 August 2011
40 years ago today, on August 15, 1971 President Nixon officially took the United States off the Gold Standard. In his speech, President Nixon claimed to have asked Treasury Secretary John Connally to defend the US Dollar by closing the convertibility of the dollar into gold. According to President Nixon this was done to protect [...]
Posted in US DollarComments (0)
12 August 2011
Ron Paul, long time Congressman from Texas is running his third Presidential Campaign. Ron Paul is a free market proponent and the only Congressman in Washington DC who forecasted the Housing Bubble. Ron Paul blames the big government anti-free market policies of the government and the Federal Reserve for having created an environment in which our [...]
Posted in PoliticsComments (1)
09 August 2011
With the markets in a steep downturn since the US credit downgrade announcement by S&P, many traders and investors carefully listened to the FOMC meeting in anticipation of an announcement that the Federal Reserve would interfere in the markets through credit injection. Bernanke didn’t confirm the much anticipated next round of Quantitative Easing. Instead the [...]
Posted in Bailout, Economic Data, Stock MarketComments (0)
09 August 2011
Only the naive and financially ignorant would rely on a credit rating from a company without performing their own due diligence. Yet many people rely on analyst upgrades, downgrades, and ratings, even fund managers that are in charge of billion dollar portfolios. Politics is at the root of most business decisions and it comes to no surprise that US [...]
Posted in PoliticsComments (0)
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