You Can Profit From the Global Financial Crisis... If You're Prepared
I’ve suggested for some time that the U.S. is in a depression. The primary reason we do not have visible evidence of widespread poverty and suffering is massive government intervention in the economy. Despite the multi-trillion dollar “extend and pretend” game being played today, I suspect that with a little historical perspective the past 12 [...]
While the European crisis continues to take center stage, nobody seems to remember the mess that the US is in. The federal government spends about $ 3.8 Trillion in a year and takes in approx. $2.15 trillion in various shapes and forms. That leaves a gaping hole of $1.65 trillion a year. The official national [...]
Please consider for your entertainment: Michael Moore to Obama: "Show Some Guts," Arrest S&P Head (Washington Times) Give it enough time and the radical left shows its totalitarian side. Michael Moore, who epitomizes the radical left, believes the CEO of Standard & Poor’s should be arrested for downgrading U.S. debt. Liberal firebrand Michael Moore called [...]
In the 15th century, China was home to the highest standard of living in the world. This was China during the Ming Dynasty. Places like Sichuan had reached the pinnacle of civilization at the time with modern infrastructure, robust economies, international trade and a prosperous middle class. On the other side of the globe, Europeans [...]
Another insightful, truthful article from Ron Paul. One might think that the recent drama over the debt ceiling involves one side wanting to increase or maintain spending with the other side wanting to drastically cut spending, but that is far from the truth. In spite of the rhetoric being thrown around, the real debate is [...]
Most experts would agree that the biggest threat to the Chinese economy is a real estate bubble. Arguably, China has a massive housing and overbuilding bubble as can be seen on the chart below, … [Read More...]
The short version of the Long Wave story is that human beings are emotional creatures with limited memories. For as long as there have been markets we have been traversing the same sequence of … [Read More...]
Mainstream economists have filled the minds of most Americans with economic myths that are constantly reinforced by the media and repeated on the streets. These myths are erroneous at best, … [Read More...]