World
The Coming Age Of Defaults
“Some people actually believe government can create jobs by taxing and borrowing from people with jobs and then giving that money to people without jobs.
The Money’s Gotta Go Somewhere
“Money is a spiritual thing. It has no rank yet is revered; it has not status yet it is welcomed. Where there is money, danger ...Stepping Up To The (Hot) Plate
Occasionally I’m guilty of just a tiny bit of cynicism about people and their motivations. And sometimes I grow weary of news reports about the nasty behaviors of which some folks are capable....Brave New World
The S&P downgrade of US Treasury obligations, though of little practical significance, should be viewed as a prophecy. A prophecy of what will happen if confidence in the cornerstone of the international monetary system – the US dollar – is lost....Gold On Hold
“The 19th century experienced monetary stability, and all the economically advanced countries clung faithfully to the gold standard; in the 20th century they have gone ...
Jewish Nazism Thrives In Hebron
Hebron is a major center of the three great Abrahamic religions. It is also home to one of the first Israeli settlements in the West Bank and the only one right in the heart of a Palestinian city....The End Is Nigh?
“The ultimate result of shielding man from the effects of folly is to people the world with fools.”...Ready Or Not
As events in Japan this past March showed us, Big Ones really do happen. Richter 9 is about as large as they come, an event so enormous it takes away the breath of even a geologist like myself....
Lesson From The Past: The German Hyperinflation
The below quote is from a book written in 1931 which has now achieved cult status. I have been researching the German hyperinflation period post WWI in order to get some idea as to how to survive investment-wise were such a hyperinflation to befall the US....
International Women’s Day
Senator Gustavo Rivera (D-Bronx) today, honored the women of New York whose historic leadership and fight for equal rights and rights of women workers we commemorate each year on International Day of the Women, March 8, and Women’s History Month....Some Hard Truths About Energy
As the markets tremble at the massive changes now sweeping the energy-rich Arab world, once again we are reminded that the supply of energy is not something to be taken for granted. Clearly, a continued march upward of oil prices above $100 per barrel threatens an already tepid US economic recovery....
Jello & Deducing Climate Change
I hope you played with your food when you were young. Perhaps you experimented at some point with pushing a drinking straw through Jello....We Have Seen The Future - It Is Greece
Greece – the Road Not Taken Greece is now being forced to go hat in hand to the European Union and the IMF for a massive ...
FartMachine.com Delivers Tons Of Fun
Nobody wants to admit it, but everybody farts. Whether it is an audible rip or silent but deadly, everyone has to pass gas sometime. We all share this human trait....
Greece, China – Keep An Eye On Both
Greece—The International Moral Hazard Fund (aka IMF) to the Rescue...
Beware Of The IMF Bearing Gifts
The Economist is referring to the Greek financial crisis. Readers of my last piece Privatize the Gains, Socialize the Losses must know what I think of The Economist’s recommendation....
Helping Our Global Neighbors: One Bronx Solution To The Haiti Crisis
The following is New York City Councilman Fernando Cabrera's statement on the current HAiti earthquake crisis....The Crisis Of 2008 - The Last Chapter
“It is frequently thought that relieving an alleged shortage of money will solve all social problems. Even today, with an economic crisis raging, the response ...
The Export Model
So the world may turn.The US is in a serious consumer led debt deflation. Unemployment will rise further. The realization has now come that the US third quarter GDP numbers were juiced up by the government’s cash for clunkers program, the $8000 credit to new homeowners and a modest inventory swing. These weren’t such good numbers as the market figured out a day later. Now we are starting to hear about a “W” recovery....
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