My Two Cents: This very short article from Bloomberg is self-explanatory. Since 2001 tuition has grown 57% on an inflation-adjusted basis while the average wage for for an American between the ages of 25-34 has DECLINED 7% according to Brockhouse & Cooper. Let’s also not forget that you cannot declare bankruptcy on student debt. It follows you around for the … Read more
My Two Cents: As things get worse for governments around the world they will all increasingly do what they do best: Scapegoat and Steal. While everyone by now is aware of Argentina’s government expropriation of 51% of oil and gas company YPF, less people are aware of the impact this will have on the billionaire Eskenazi family. As a result of the seizure … Read more
My Two Cents: This is a bit dated but it pretty much sums up why the world is doomed. From the MercoPress… Key quotes: The banker added that “it is totally false to say that printing more money generates inflation, price increases are generated by other phenomena like supply and external sector’s behaviour.” “We’re recovering … Read more
My Two Cents: Really good excerpt here from Bob Chapman’s International Forecaster. In it he talks about what is really going on in Libya, Syria and with the “Free Baluchistan” movement in Pakistan. Basically the good old “spreading democracy around the world” US of A is frantically trying to secure as many pieces on the geopolitical … Read more
My Two Cents: Well it was a nice 37 year run for democracy in Spain. Now that the country has been gutted by excess credit and a counterfeit fiat money system it’s time to put it into receivership like so many of its former colonies before it. As was the case in Greece and Italy, crisis in … Read more
My Two Cents: Fascinating article here. It seems the semi-underground Greek gold market is booming and expanding at such a rapid pace the authorities have no idea what to do about it. This is what I expect to happen in all countries as they experience collapse one by one and the people themselves gradually move … Read more
My Two Cents: So they realized banks need $639 billion last June to make them safe for society. Guess what they did? They delayed implementation to 2019. Just another glorious day in Bankster Paradise! Big Banks Needed 485.6 Billion Euros to Meet Basel Capital Rules 2012-04-12 13:51:18.705 GMT By Jim Brunsden April 12 (Bloomberg) — … Read more
My Two Cents: Here we go. It was only a matter of time. Nah, the printing of trillions of dollars out of thin air as evidenced by the Fed’s balance sheet (see below) has nothing to do with the price of oil going up. I guess all of the great inflations of eras gone by … Read more
My two cents: More signs of the economic recovery have arrived. Kenworth (trucking company) is about to layoff 10% of its workforce at its Chillicothe, Ohio plant. Interestingly, the plant manager Scott Blue states that it is an industry-wide phenomenom and they still have record market share. He goes on to state “With the market … Read more
My two cents: Must read article here from the NY Times. Best quote is from Annette Alejandro who just emerged from bankruptcy and is getting piles of credit card and auto loan applications. She says “Even I wouldn’t make a loan to me at this point.” Ah but that doesn’t stop the zombie bailed out … Read more