Wednesday, 7 April 2010

Goodbye Paper Money: Does It Mean More Ways for the Banks to Screw Us?
The spiral of economic calculation is dizzying, when you factor in inscrutable fees and other invisible transactions banks attach to the light-speed movement of our money.

Welcome to the False Recovery
The one economic indicator that seems to point toward long-term hope for businesses is the increase in the U.S. household savings rate—the portion of income that wage earners aren’t spending. Savings were close to nil until the economic collapse but have been rising ever since. As of this writing, the rate stands at about 4.8%. Economists and business leaders say this is a good sign, despite the short-term drag created by decreased spending. “I would feel more pessimistic if it were still 1%,” says Gregory W. Brown at the University of North Carolina’s Kenan-Flagler Business School. Friends of mine who run companies, both private and public, have expressed pretty much the same sentiment. A savings rate that’s even in the 6%-to-8% range is respectable. And if consumers don’t return to their old borrowing-and-buying habits, the argument goes, one day they’ll go out and spend all this saved-up cash, and businesses everywhere will reap the benefits.

But in fact, the rising savings rate is telling us something very different

How to Manufacture a Recovery
Last Friday the Bureau of Labor Statistics (BLS) announced that for the month of March, employers added 162,000 jobs. This would be fantastic news… if it were true.

Let’s have a look at these 162,000 jobs.

L.A. Controller Says City Could Run Out of Cash by May 5
Los Angeles is in deep trouble. The situation has gotten so grim that the city controller says L.A. to Run Out of Cash in a Month.

Unused swine flu doses leave taxpayers facing a £150m loss
Almost 30 million doses of swine flu vaccine ordered by the Government could go unused, at an estimated cost of up to £150 million to the taxpayer

'Wash up': Cider tax hike scrapped... after just a week
Ministers were last night forced into a series of humiliating U-turns as policies fell victim to the pre-election 'wash-up' in Parliament.

How £300million was squandered on swine flu jabs that we didn't need
Up to £300million of taxpayers' money has been wasted on swine flu jabs that were never needed.

The Mark of the New World Order
These current economic and social crises are leading to a global, financial "melt down" that the powerful global elite are using in order to establish a Global Financial Economic System

Euro Speeding Towards the Currency Graveyard
Between 1998 and 2002 I published several articles on how the just born euro currency would ultimately fail, resulting in the collapse of the European Monetary Union.


Disclaimer - The posting of stories, commentaries, reports, documents and links (embedded or otherwise) on this site does not in any way, shape or form, implied or otherwise, necessarily express or suggest endorsement or support of any of such posted material or parts therein.

The myriad of facts, conjecture, perspectives, viewpoints, opinions, analyses, and information in the articles, stories and commentaries posted on this site range from cutting edge hard news and comment to extreme and unusual perspectives. We choose not to sweep uncomfortable material under the rug - where it can grow and fester. We choose not to censor skewed logic and uncomfortable rhetoric. These things reflect the world as it now is - for better and worse. We present multiple facts, perspectives, viewpoints, opinions, analyses, and information.

Journalism is (or used to be) the profession of gathering and presenting a broad panorama of news about the events of our times and presenting it to readers for their own consideration. We believe in the intelligence, judgment and wisdom of our readers to discern for themselves among the data which appears on this site that which is valid and worthy...or otherwise.

  © Blogger template 'Perfection' by 2008

Back to TOP