Category: USA

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” →

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 →

24 January 2013 TYR reads: Apparitions in the Fog

Apparitions in the Fog @ The Burning Platform In this apocalyptic article, Jim Quinn exposes the foundations of the present economic "system". With the assistance of a series of charts, it is convincingly argued that: the economic recovery is a mirage, that the middle class is being destroyed in the USA, and by extension in the … Continue reading 24 January 2013 TYR reads: Apparitions in the Fog →

TYR 14 January 2013 reads: The Neoliberal Financial Skim

The Neoliberal Financial Skim @ Of Two Minds describes in 5 simple graphs how "the perfection of the Neoliberal order is a parasitic financial sector protected by the Central Bank and State". And how "the Central Bank and State protect the financial sector's vast skim of the national income with a combination of toothless regulations and … Continue reading TYR 14 January 2013 reads: The Neoliberal Financial Skim →

TYR 10 January 2013 reads

Is American Justice Dead? @ Casey Research American justice on a slippery slope. "Few recent cases make the contention clearer than the announcement last week by the US Justice Department that it had settled its case against HSBC for acting as the bag men for Colombian and Mexican drug cartels. The fine, $1.9 billion, amounts to … Continue reading TYR 10 January 2013 reads →

TYR 20 December 2012 reads

Why Reported Inflation Seems Different Than Reality @ StreetTalkLive In this article Lance Roberts explains clearly how and why reported inflation understates real inflation, by a wide margin, and how this is one of the main factors contributing to the ongoing reduction in the standard of living in America. Amazing Chi Energy “Iron Shirt” Demonstrations @ … Continue reading TYR 20 December 2012 reads →

TYR 4 December 2012 reads

Still Not Spreading the Wealth Around @ Azizonomics This article compares the evolution of the percentages of GDP that both wages and corporate profits have had in the USA from the 1940s until 2012. Data shows that corporate profits have never been higher, around 11% of GDP, and wages have never been lower, around 43.5% of GDP. … Continue reading TYR 4 December 2012 reads →

Ron Paul bids farewell to the USA Congress & America loses a true hero

Perhaps the most outstanding USA political figure of the last  2 generations, certainly the most underappreciated & misunderstood, two days ago Ron Paul bid his farewell speech to the USA Congress after 23 years of service. Notice the reluctant applause at the end of the speech, a reliable sign that some truths were uttered. Best of … Continue reading Ron Paul bids farewell to the USA Congress & America loses a true hero →