Unemployment continues to plague our economy. In spite of constant claims that we have just turned the corner into recovery, the jobs reports remain grim with no real signs of improvement. While Keynesian economists and big government apologists scratch their heads about persistent unemployment in spite of unprecedented government “investment†in the economy, free...
Of the $1.25 trillion purchased under the Fed’s “Mortgage-Backed Securities Purchase Program,†only $877 billion in purchases have been publicized. What happened to the remaining $400 billion?
Tragically, the Fed appears to have learned little from its mistakes. Its current policy of “quantitative easing†continues its long tradition of creating bubbles by deliberately implementing inflationary policies.
Through a century of market ups and downs, interest rate fluctuations, mergers, acquisitions, political influence, lobbying and positioning insiders to the most powerful government and government related institutions, the Kings of Wall Street have nurtured and advanced their isolated power to a point where they are responsible to no one.
With that level of insight you can now go out and make major decisions for your own future, such as, whether or not to buy a house, upgrade your car, perhaps even fly to Europe on the wings of hope. No?
Our mainstream media has been in panic mode for a couple of months, and in its continuing consternation, has clamored for the President Elect to rush, first and foremost, into naming his economic team. “Hurry up, and you better be picking some guys who understand numbers and the economy. We want experts. The best...
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