Daily Archives: November 6, 2010

Let Them Eat Mud Pie

These folks could care less if 90% of America is reduced to the status of Haiti in the long-run where people eat “mud-pies,” a mixture of dirt, salt and vegetable shortening to survive. Now, this is not my prediction for America but…


Privacy advocates fear massive fed health database

Plans by the Office of Personnel Management to build a database containing the healthcare claims of millions of Americans. OPM has provided few details about the new database and the data collected will be shared with law enforcement…


Bill Fleckenstein: The Fed Is Acting Like A Politburo

Fleckenstein doesn’t want the Fed acting as a politburo deciding interest rates in a room. He lists the reasons why: in the last 15 years the Fed blew and equity bubble, then a housing bubble, and now they want to print our way to prosperity.


Scientists unveil moving 3D holograms

More than 30 years after the famous Star Wars movie scene in which a hologram of Princess Leia appealed for help from Obi-Wan Kenobi, US researchers have unveiled holographic technology to transmit and view moving three-dimensional images


Bernanke ‘Doesn’t Understand’ Economics, Jim Rogers Says

“Dr. Bernanke unfortunately does not understand economics, he does not understand currencies, he does not understand finance,” Rogers, 68, said in a lecture at Oxford University’s Balliol College yesterday. “All he understands is printing money.” 


Bank Holiday Rumors Swirl Amidst Currency Crisis

Rumors are once again swirling of a “bank holiday,” during which US citizens will be prevented from withdrawing money or at least limited in the amount of the withdrawal they can make.


We Can’t Let You See How They Robbed You: $GS Goldman Sachs Again

The European Central Bank refused to disclose internal documents showing how Greece used derivatives to hide its government debt because of the ¡°acute¡± risk of roiling markets, President Jean-Claude Trichet said.


Labor Force Participation Rate Drops To 25 Year Low, At 64.5%

The inverse silver lining to today’s jobs report that will be lost in the shuffle of what is perceived as a good NFP (despite consistent initial jobless claims of around 450K, which means that either there is a massive data error, or… 


Ron Paul Questions Fed Authority, Vows Another “Audit the Fed” Effort

Ron Paul Questions Fed Authority, Vows Another “Audit the Fed” Effort http://globaleconomicanalysis.blogspot.com/2010/11/ron-paul-questions-fed-authority-vows.html Ron Paul is back at it with another “Audit the Fed” campaign…


Ron Paul to Chair Monetary Policy Subcommittee

Sometimes all you need is the headline. Ron Paul is slated to run this subcommittee, giving him some actual power and a megaphone on the issue dearest to his heart.


In other words, Bernanke v. Paul theater will soon be a weekly feature. Stock up on your popcorn! 



After electoral drubbing, Democrats must now deal with ethics trials

Reps. Charles Rangel (D-N.Y.) and Maxine Waters (D-Calif.), two senior House veterans, have opted to fight the separate ethics charges in public ethics trials set to take place later this month and extend into the first week of December.


Scariest speed camera of all… checks your insurance, tax and even tailgating & seatbelt

For as well as detecting speeding, it is packed with gizmos that check number plates to make sure insurance and tax are up to date. It also measures the distance between vehicles to spot tailgating and makes sure you are wearing a seat belt. 



Gulf seafood is safe to eat and $BP was not responsible for the oil spill – Say What???

And just what are the effects of people gobbling down this “safe” food and breathing poison-laden air? Well, about the same as the people who were exposed to 9/11 – sickness and death.


The Fed Is Injecting High Grade Monetary Heroin Into The Financial System

“I think the Fed is injecting high grade monetary heroin into the financial system of the world, and one of these days it is going to kill the patient.” David Stockman, director of the OMB under Ronald Reagan.


42,389,619 Americans Are Now On Food Stamps

42,389,619 Americans received food stamps in August, a 17% rise from the same time a year ago, according to the U.S. Department of Agriculture, which tracks the data. That number is up 58.5% from August 2007, before the recession began.


Psychotronic Weapons – Part II

Part of the admitted use of these technologies is crowd control, through what the military and police like to call “pain compliance” (AKA torture). Microwave radiation is beamed, via a microwave cannon, directly into a crowd, or at selected individuals…


Web’s Undersea Cables Need Revamp to Prevent Catastrophe

The massive set of undersea cables that makes up the infrastructure of the Internet needs to be revamped to ensure security during a crisis, according to a top security expert.