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Archive for the ‘POLITICAL’ Category

Fear & Loathing in the Sovereign Debt Markets

July 20, 2011

Hunter S Thompson would love the scene, macabre and getting worse…   When big banks were caught with loads of toxic debt on their balance sheets in 2008, political leaders on both sides of the Atlantic took the easy way out, transferring those debts to government balance sheets, not unlike when a little kid cleans […]

US Debt Downgrade – Goolsbee Reacts

April 18, 2011

So straight from the ‘better late than never’ dept, S&P has finally taken official action to warn investors about the ever-so-obvious risks involved with U.S. debt – like, umm, the fact that it’s basically a Ponzi scheme, since they have to issue more debt to pay off current debt. Anyway, this quote from the White […]

Silver Mine Accident

April 17, 2011

There was an accident at a Hecla mine in Idaho Friday April 15, and a miner is trapped under what is guessed at as “quite a bit of debris” by the company. A sad reminder that silver mining, like all mining, invloves great engineering feats but remains an inherently dangerous, costly process…unlike printing currency and adding electronic zero’s to the TBTF bank […]

High Oil Prices

March 7, 2011

Tough to see much relief out there with stories like this coming out of Saudi Arabia. And don’t forget that due to the rapidly declining Cantarell field in Mexico, they will flip from an exporter to an importer in the next 4 years. Meanwhile, the Obummer Administration has delayed and stonewalled all new drilling requests […]

Bernanke Chat

March 1, 2011

So he talks to congress today (3/1) and has the nerve to say that if inflation gets to over 2% in the U.S., he’ll be concerned, but it isn’t there now so he’s fine leaving policy/rates where they’re at. Really, Ben? Inflation is under 2%? Oh yeah, in the make-believe, no-food, no-fuel world that he […]

Wisconsin

February 22, 2011

When I think of Wisconsin, I don’t think of cheese & milk, I think of Big 10 football, red & white uniforms, and strong running attacks. I certainly don’t think of demonstrations and revolt, but what’s going on there now is a fascinating study, and a probable precursor to many future similar scenes in many of our 50 […]

Bullish Chart – Food Stamps

February 8, 2011

I’m sorry, but does this look like an economic recovery? Food stamp recipients up 50% since late 2008, and still rising…the far right of the chart cuts off, but current numbers are over 43 million Americans – well over 12% of the population. And remember, these are govt freebies that they can’t afford, considering an […]

Egypt

February 1, 2011

Here is the scene at the airport (scroll down to 3rd picture) right now…US Govt has just ordered all non-essential personnel to leave…Barack seems to think the Muslim Brotherhood will ‘play nice’ for a seat at the table. They will play nice for only as long as they have to, of course, and cannot be […]

Jon Stewart Classic

December 9, 2010

  Daily Show Take on Ben B & printing money…hilarious and perfectly spot on in under 4 minutes.

Buying More Silver

November 13, 2010

Just bought a little today at my local shop – definitely got a little sticker shock w/ spot over $26/oz. I hadn’t been there for over a year…now they have to be sticklers on charging sales tax (they weren’t a couple years ago), as they are in the middle of a govt audit that has […]