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…