On March 31, 2008, the biggest question facing America is not who will be president, or will Congress actually wake up from its lobbyist-induced slumber, or even who will win the 2008 World Series. Nope, the biggest question is, will the built up imbalances in the macro-economy, structured by years and years of below-market [...]
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Hank Paulson’s wildly moronic plan to deal with the current financial crisis via massively expanded Federal Reserve System (privately owned) oversight of the total financial sphere of the economy smacks 100% of “not-goodness”.
There is something inherently wrong with the following chain of activity:
1. Federal Reserve System helps foment seriously unstable financial circumstances (credit bubble)
2. Federal [...]
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After reading tons and tons of rhetoric and election year ideas about how to “fix” the mortgage and housing markets with a variety of government sponsored schemes, I have come to the strong conclusion that the federal government should in fact do absolutely nothing.
While a number of folks are undoubtedly in a tough spot due [...]
Filed under: Economics, Politics, Social Mood | 2 Comments »
I am scheduled to be interviewed today (March 27, 2008) on Ron Paul Revolution Radio (rprradio.com) at 3 PM Pacific Time.
The scheduled topics include Federal Reserve Activity, long term moral hazard, and the potential serious issues relating to our currency, credit and banking situation.
This article represents the essential topic of what I hope [...]
Filed under: Economics, Entertainment, Politics | 1 Comment »
1. Eminent economist Paul Kasriel explains how trends in consumer borrowing, spending, saving, and net investment point to a future with a likelihood of declining growth in spurious consumer expenditures. Needless to say, the extreme lack of consumer savings, spurred on and encouraged by horribly ill-conceived Federal Reserve and other Federal Government policy, has [...]
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For a number of years the writers and editorial board here at Ponder This… have advocated personal due diligence in relation to investment decisions.
We have explained that our economic system had been turned on its head due to extreme bubbles being fomented in the equity markets, the housing market, and the financial and credit markets. [...]
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War is a great tool for unscrupulous people in positions of power to use for personal or associate gain.
When war is paid for by taxpayers it provides a huge incentive for connected groups to continue war in order to fleece the taxpayers (and therefore all American people, because without the fleecing, the money would be [...]
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1. The big news of the past 24 hours relates to Barack Obama, the potentially racist preachings of his long-time pastor, Obama’s personal relationship with the man, and the issue of race in general. Yesterday Mr. Obama gave a speech on the issue and distanced himself from some of his pastor’s wayward views while [...]
Filed under: Economics, Politics, Six Packs, Social Mood | 1 Comment »
With the U.S. Dollar (Federal Reserve Note) on the ropes, the Fed continues to cut rates in hopes of bailing out the over-leveraged U.S. financial economy. If the Fed acts too drastically in its bail out efforts it can kill its own foundation - the Dollar standard.
With many on Wall St. panicking and going [...]
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In an amazing turn of events, Bear Stearns was sold for an amazing fire sale price of $2 per share to fellow Wall St. bank JP Morgan Chase. This represents an unprecedented collapse in equity value in a major Wall St. firm. Be cautious as the waves in the financial markets are getting [...]
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