Trader Dan | Just the facts – Commodities, Oil, Copper, Precious Metals, Bonds, Currencies, Indices, Livestock, Grains, Softs, Natural Gas. Ominous Parallels by Walter E. Williams. Recently by Walter E. Williams: Ignorance, Stupidity or Connivance? People are beginning to compare Barack Obama’s administration to the failed administration of Jimmy Carter, but a better comparison is to the Roosevelt administration of the 1930s and ’40s.
Let’s look at it with the help of a publication from the Mackinac Center for Public Policy and the Foundation for Economic Education titled Great Myths of the Great Depression, by Dr. Lawrence Reed. During the first year of President Franklin D. Roosevelt’s New Deal, he called for increasing federal spending to $10 billion while revenues were only $3 billion. Roosevelt had other ideas for the economy, including the National Recovery Act. Blacks were especially hard hit by the NRA. Roosevelt had more plans for the economy, namely the National Labor Relations Act, better known as the “Wagner Act.” Roosevelt’s agenda was not without its international admirers. Walter E. The Best of Walter E. True Inflation Rate 2011. Greg Hunter’s USAWatchdog.com Last week, in testimony on Capitol Hill, Fed Chief Ben Bernanke said, “The pace of the economic recovery will pick up.”
As far as the weak economy is concerned, Mr. Bernanke also said there would be, “a notably better performance than we have seen so far this year.” I could not believe what I was hearing. It was totally opposite to other economic news that came out in the very same week. Another big economic downer came from RealtyTrac. Can we count on Mr. Can we count on Mr. So, what can you count on? Williams explains the chart by saying, “. . . Even though inflation is heating up, business activity is cooling off—in a hurry. Consider this is going on against a backdrop of historic budget problems on both sides of the Atlantic. Jim Sinclair. In The News Today : Welcome To Jim Sinclair's MineSet.
Shri Sathya Sai Baba In the midst of our world, the madness we discuss every day, there are great and beautiful things. One such event happened yesterday. Shri Sathya Sai Baba transitioned from body yesterday. The world is an infinitely better place since he visited here. Baba and his teachings to all faiths will be with us forever. Dearest friend, friend to all men and spiritual preceptor; gone to the eyes but eternal in our hearts. Jim Sinclair’s Commentary Concerning reports that China has declared financial war by threatening to sell significiant amounts of US Treasuries: I feel it is as impossible for China to cut 2/3 of it US Treasury holdings as it is for the US to cease Quantitative Easing. The final determinant of all these political / financial manoeuvres is the condition of the US dollar as it applies to gold.
The US dollar is headed to .7200, will bounce and then continue lower. Now think how things will look if the Fed, pressured politically, ceases QE. Be realistic. Mr. More…