Worst president in my lifetime

This was a post I did on Facebook back in July on Bush I’s birthday. I decided it needed some  updating because I really hadn’t thought about all the factors that should go into deciding the title of worst president. Dumbass Dubya has a lock on the #1 slot, but there can be some legitimate […]

Fiscal Insanity

Ran across this post in today’s Daily Reckoning. Those of you who like to think we can go on printing money without consequences should read – not just this article, but basically everything they publish.  I wouldn’t call it “doomsday” stuff, but predicting financial collapse for those who think money can be summoned into existence […]

Why Gold Keeps Rising

Saw this story in the Daily Reckoning and wanted to pass it on, as it says something important, something I haven’t been able to put into words. We don’t expect the gold price to soar because gold is such a great thing; we expect it to soar because the world’s major currencies are notsuch great […]

Got Gold?

Just forty years ago in 1971, one ounce of gold would buy 35 US dollars.   Twenty years ago in 1991, one ounce of gold could be exchanged for 350 US dollars.   Today, that same ounce of gold will buy you more than 1500 US dollars.  $1508 to be exact. From $35 to $1500 in forty […]

The beginning of the end

Make note of this date – March 18th, 2009.   100 years from now, historians will point to it as the day the United States of America sealed its’ fate. Today the United States shifted from a long slow decline into high gear – and nailed the accelerator pedal to the floor.  There are several other […]

Bernanke’s Interview

Like many of you, I just watched Helicopter Ben’s interview in 60 Minutes.  Here’s a quote from the transcript on 60Minutes.com that struck me: Asked if it’s tax money the Fed is spending, Bernanke said, “It’s not tax money. The banks have accounts with the Fed, much the same way that you have an account […]

Is Bernanke playing dumb?

It’s hard to believe that Federal Reserve Chairman Ben “Helicopter” Bernanke is actually as dumb as his statements make him sound.  In his testimony to the Senate today, he said that if the government purchases common shares in banks, that it “may or may not” have an impact on shareholders. Has he never heard of […]

Bernanke says “So far – so good”

WTF is Bernanke smoking?  Is “Helicopter” Ben Bernanke looking at the papers – or using them for rolling papers? According to a story on MarketWatch, Bernanke is quoted as saying “We have been encouraged by the responses to these programs” and “I think the actions that were taken prevented a much-worse situation — a meltdown […]

Financial plan won’t include “bad bank”

According to a report on Reuters, the new “TARP 2.0″ bailout package won’t include a provision for a “bad bank”. A so called “bad bank” is an idea that has recently been floated.  In effect, the bad bank would buy up all the toxic crap from other banks, leaving them with nice clean balance sheets.  […]

Trillions wasted in bailouts

Here’s an update on a post I made last month.  It’s an account of the actual dollar amounts given to various recipients of bailout money according to CNN.  Click on the plus signs to expand the lists on the CNN site. Here’s the complete list as of today.  Yeah, it’s really ugly formatting but I’m […]