Where are you spending your money as an investor? Why are we bailing out a bunch of 29 year olds driving Mazoradis? Jim Roger's common sense is incredible. There's a pretty good reason why he's rich. He understands the fundamentals of the economy:
Economics
What is the proper role of government in our economy? Why do we have a business cycle? Is it really a consequence of freedom and free markets that a business cycle is created or is it the result of government intervention? Should the market decide instead of the government who the winners and losers will be in our economy? This blog attempts to review the relevant financial stories and facts that impact the American economy.
Friday, October 31, 2008
Thursday, October 30, 2008
The Government's Actions are Making the Financial Crisis Worse
George Washington's blog is right on target again!
http://georgewashington2.blogspot.com/2008/10/governments-actions-are-making.html
http://georgewashington2.blogspot.com/2008/10/governments-actions-are-making.html
Exxon Mobil: Biggest profit in U.S. history
I guess the economy is not doing so bad if Exxon is posting the biggest profit on record in US history:
http://money.cnn.com/2008/10/30/news/companies/exxon_earnings/index.htm?cnn=yes
http://money.cnn.com/2008/10/30/news/companies/exxon_earnings/index.htm?cnn=yes
Friday, October 24, 2008
The credit crunch claims its biggest victim - Argentina
http://www.moneyweek.com/news-and-charts/economics/the-credit-crunch-claims-its-biggest-victim-argentina-13892.aspx
The credit crunch claims its biggest victim - Argentina
http://www.moneyweek.com/news-and-charts/economics/the-credit-crunch-claims-its-biggest-victim-argentina-13892.aspx
Wednesday, October 22, 2008
GAO Declares USA Bankrupt America Needs To Get Mad As HELL!
Is he right? If so, what can I do about it?
Tuesday, October 21, 2008
Sunday, October 19, 2008
Wednesday, October 15, 2008
U.S. National Debt Clock
Here's the link to the U.S. National Debt Clock:
http://www.brillig.com/debt_clock/
More info on debt:
http://www.cedarcomm.com/~stevelm1/usdebt.htm
http://www.greatreality.com/DebtFAQ.htm
http://www.brillig.com/debt_clock/
More info on debt:
http://www.cedarcomm.com/~stevelm1/usdebt.htm
http://www.greatreality.com/DebtFAQ.htm
Tuesday, October 14, 2008
Federal Reserve Notes are Unconstitutional
Interesting court case shown in the link below. Only God can create something of value out of nothing:
http://usa-the-republic.com/banks/bank_1.html
http://usa-the-republic.com/banks/bank_1.html
Record Rate of Repos in 2008
Is this a sign of the times to come?
http://www.autoblog.com/2008/10/14/record-rate-of-repos-in-2008/
http://www.autoblog.com/2008/10/14/record-rate-of-repos-in-2008/
Friday, October 10, 2008
Shattering the Glass-Steagall Act
William Kaufman explains why we're in this mess today. Did you know that Phil Gramm was McCain's chief economic advisor?
http://www.counterpunch.org/kaufman09192008.html
http://www.counterpunch.org/kaufman09192008.html
Wednesday, October 8, 2008
Tuesday, October 7, 2008
America's $53 trillion debt problem
David M. Walker served as comptroller general of the United States and head of the Government Accountability Office (GAO) from 1998 to 2008. He explains the $53 trillion debt problem that our country needs to get a grip on before it's too late and the government or economy goes belly up:
http://www.cnn.com/2008/POLITICS/10/06/walker.bailout/index.html
http://www.cnn.com/2008/POLITICS/10/06/walker.bailout/index.html
Economic Videos from the Chicken
The following link shows some good videos about our economy:
http://chickensmith.wordpress.com/videos/
http://chickensmith.wordpress.com/videos/
US Has Negative Savings Rate for 2006
American have a negative savings rate as of 2006! Here's a few good articles that explains the savings rate:
http://commonlaw.findlaw.com/2007/02/us_has_negative.html
http://www.nuwireinvestor.com/articles/americans-negative-savings-rate-51005.aspx
http://chickensmith.wordpress.com/2007/05/01/us-consumers-negative-savings-trillions-in-debt-negative-equity-disaster-ahead/
http://commonlaw.findlaw.com/2007/02/us_has_negative.html
http://www.nuwireinvestor.com/articles/americans-negative-savings-rate-51005.aspx
http://chickensmith.wordpress.com/2007/05/01/us-consumers-negative-savings-trillions-in-debt-negative-equity-disaster-ahead/
Monday, October 6, 2008
The Inevitable Collapse of the Dollar
When will the music stop and the dollar collapse? Is the dollar collapse inevitable?
Thursday, October 2, 2008
Henry Paulson: Economy Czar
I wouldn't trust Henry Paulson with my checking account. Would you trust Paulson?
America's Chilling Future
This is a good article from the MSM. I don't have high praise for the MSM, but I think that they probably realize by now that most people feel the same way. However, there may be hope for them after all:
http://www.cnn.com/2008/POLITICS/10/01/beck.future/index.html
http://www.cnn.com/2008/POLITICS/10/01/beck.future/index.html
Dick Armey Discusses the Dodd/Frank Bailout Bill
Dick Armey gives a good explaination of the bailout problem:
Wednesday, October 1, 2008
Jim Rogers - Fannie Mae / Freddie Mac / US Federal Reserve
Jim Rogers understands this problem very clearly:
Subscribe to:
Posts (Atom)