Bernanke & Hockey Stick Inflation

Yesterday, in his biannual testimony to the USA Congress, the president of the Federal Reserve, Ben Bernanke, asserted that inflation under his and Mr. Greenspan's mandate was no more than 2% a year. While this might be "true" using Bureau of Labor Statistics (BLS) data, please check ShadowStats for a true picture of inflation in … Continue reading Bernanke & Hockey Stick Inflation

“…too big to fail has become too big for trial”

USA Senator Elizabeth Warren  at her first Senate banking committee hearing: "...tell me a little bit about the last time you've taken the biggest financial institutions on Wall Street all the way to trial. Anybody?" Check the answers in the video. "You know, I just want to note on this. There are district attorneys and U.S. attorneys … Continue reading “…too big to fail has become too big for trial”

TYR February 13 2013 reads: Greece imploding

While financial markets continue their upward march, sustained and pushed by unprecedented money creation by most of the western world's central banks, under the surface, Greece's economy continues in free fall. Professionals increasingly failing to pay their tax dues @ Ekathimerini "More and more professionals are withholding value-added tax from the authorities in a bid to … Continue reading TYR February 13 2013 reads: Greece imploding

Lake Marie

We were standing Standing by peaceful waters Standing by peaceful waters John Prine (born October 10, 1946, in Maywood, Illinois) is an American country/folk singer-songwriter. He has been active as a composer, recording artist and live performer since the early 1970s. In the late 1960s, while Prine was delivering mail, he began to sing at open mic evenings at the Fifth Peg … Continue reading Lake Marie