Greece Is More Solvent Than the US
“This declaration of national insolvency will, no doubt, shock those of you who use the officially reported federal debt as the measuring stick for what our country owes,” Kotlikoff told committee members who are considering President Obama’s proposed budget for Fiscal Year 2016.”After all, federal debt in the hands of the public is only 74 percent of GDP. Yes, this is double the debt-to-GDP ratio recorded a decade ago. But it’s still a far cry from Italy’s 135 debt-to-GDP ratio or Greece’s 175 percent ratio.”
Friday, March 13, 2015
The 9/11 Commission Didn’t Believe the Government
The 9/11 Commission Didn’t Believe the Government
- The Senior Counsel to the 9/11 Commission (John Farmer) – who led the 9/11 staff’s inquiry – said“At some level of the government, at some point in time…there was an agreement not to tell the truth about what happened“. He also said “I was shocked at how different the truth was from the way it was described …. The tapes told a radically different story from what had been told to us and the public for two years…. This is not spin. This is not true.”
Friday, March 6, 2015
5 Myths of Aging
5 Myths of Aging
Scientists from Tufts University conducted a review and discovered that vitamin deficiencies — not brain decay — were responsible for many of the symptoms of senility.
According to the review, scientists discovered that low folate levels in the elderly can cause forgetfulness and even depression. Vitamin B6, required for the synthesis of neurotransmitters, may contribute to peripheral neuropathy, a disorder of the nervous system that causes numbness and tingling in the legs. Vitamin B12 ensures nerves are protected with a myelin sheath and mood disturbances can occur when levels fall well below normal.
Eat More Salt!
Eat More Salt!
A high-salt diet increased sodium accumulation in the skin of mice, thereby boosting their immune response to a skin-infecting parasite. The findings suggest that dietary salt could have therapeutic potential to promote host defense against microbial infections.
A high-salt diet increased sodium accumulation in the skin of mice, thereby boosting their immune response to a skin-infecting parasite. The findings suggest that dietary salt could have therapeutic potential to promote host defense against microbial infections.
When El Supremo Is a Lone Wolf
When El Supremo Is a Lone Wolf
This week, the president’s press secretary told reporters that the president is seriously thinking of signing executive orders intended to raise taxes on corporations by directing the IRS to redefine tax terminology so as to increase corporate tax burdens. He must have forgotten that those additional taxes would be paid by either the shareholders or the customers of those corporations, and those shareholders and customers elected a Congress they had every right to expect would be writing the tax laws. He has eviscerated that right.
This week, the president’s press secretary told reporters that the president is seriously thinking of signing executive orders intended to raise taxes on corporations by directing the IRS to redefine tax terminology so as to increase corporate tax burdens. He must have forgotten that those additional taxes would be paid by either the shareholders or the customers of those corporations, and those shareholders and customers elected a Congress they had every right to expect would be writing the tax laws. He has eviscerated that right.
Planning To Retire?
Planning To Retire?
The Center for Retirement Research at Boston College estimates that more than half of all American households will not have enough retirement income to maintain the living standards they were accustomed to before retirement, even if the members of the household work until 65, two years longer than the average retirement age today.
Using a different, more complex model, the Employee Benefit Research Institute calculates that 83 percent of baby boomers and Generation Xers in the bottom fourth of the income distribution will eventually run short of money. Higher up on the income scale, people also face challenges: More than a quarter of those with incomes between the middle of the income distribution and the 75th percentile will probably run short.
Exposing O’Reilly
Exposing O’Reilly
In March 1977, As the House Select Committee on Assassination began its interviews of de Mohrenschildt, he was found dead, a gunshot through his cranium. In his book, O Reilly claimed that as a young reporter he was standing on the porch of the house where de Mohrenschildt was staying when he heard the shot. The claim has been disproved through a recorded phone conversation between O’Reilly and congressional investigator Gaeton Fonzi which revealed that the young journalist was clearly not even in the state when de Mohrenschildt died.
In March 1977, As the House Select Committee on Assassination began its interviews of de Mohrenschildt, he was found dead, a gunshot through his cranium. In his book, O Reilly claimed that as a young reporter he was standing on the porch of the house where de Mohrenschildt was staying when he heard the shot. The claim has been disproved through a recorded phone conversation between O’Reilly and congressional investigator Gaeton Fonzi which revealed that the young journalist was clearly not even in the state when de Mohrenschildt died.
Tuesday, March 3, 2015
How’s That Deflation Working Out for You?
How’s That Deflation Working Out for You?
The BLS put out their monthly CPI lie last week. They issued the proclamation that inflation is dead. Did you know your costs are 0.1% lower than they were one year ago. They then used these deflation numbers to proclaim your real wages soared last month. It’s all good. The American consumer is so flush with cash, they decided to spend less money for the second month in a row.
The BLS put out their monthly CPI lie last week. They issued the proclamation that inflation is dead. Did you know your costs are 0.1% lower than they were one year ago. They then used these deflation numbers to proclaim your real wages soared last month. It’s all good. The American consumer is so flush with cash, they decided to spend less money for the second month in a row.
Housing Bust Redux?
Housing Bust Redux?
As noted last week, the aggregate amount of loans for new and used cars will in short order eclipse the $1 trillion mark, joining total student debt in full-on bubble mode. Better still, early delinquencies on auto loans are now sitting back at their 2008 highs (both for all borrowers and for subprime borrowers, with 9% of the latter now missing a payment within the first 8 months of origination).
As noted last week, the aggregate amount of loans for new and used cars will in short order eclipse the $1 trillion mark, joining total student debt in full-on bubble mode. Better still, early delinquencies on auto loans are now sitting back at their 2008 highs (both for all borrowers and for subprime borrowers, with 9% of the latter now missing a payment within the first 8 months of origination).
Saturday, February 28, 2015
Are You Stricken With Carb Cravings?
Are You Stricken With Carb Cravings?
Do you often feel incomplete in the morning without eating some bread or cereal? Do you regularly find yourself purchasing a candy bar just to cope with your mid-afternoon slump? If your answer to these questions is “yes,” you’re not alone: An overwhelming majority of people in the Western world are addicted to the short-term energy boosts that carbohydrates are well-known for providing.
Do you often feel incomplete in the morning without eating some bread or cereal? Do you regularly find yourself purchasing a candy bar just to cope with your mid-afternoon slump? If your answer to these questions is “yes,” you’re not alone: An overwhelming majority of people in the Western world are addicted to the short-term energy boosts that carbohydrates are well-known for providing.
Thursday, February 26, 2015
Don’t Remind Gerald Celente
Don’t Remind Gerald Celente
A Close Encounter With Jon Corzine
We got caught in the MF Global debacle as a client of their UK subsidiary. Little did we know at the time that our view of the financial markets would change forever – as a result of faulty regulations and, above all, faulty bosses.
Saturday, February 21, 2015
Thursday, February 12, 2015
Horrific Debt and Global Disorder
Horrific Debt and Global Disorder
In Part One of this article I laid the groundwork of the Fourth Turning generational theory. I refuted President Obama’s claim that the shadow of crisis has passed. The shadow grows ever larger and will engulf the world in darkness in the coming years. The Crisis will be fueled by the worsening debt, civic decay and global disorder. I will address these issues in this article.
In Part One of this article I laid the groundwork of the Fourth Turning generational theory. I refuted President Obama’s claim that the shadow of crisis has passed. The shadow grows ever larger and will engulf the world in darkness in the coming years. The Crisis will be fueled by the worsening debt, civic decay and global disorder. I will address these issues in this article.
Sunday, February 1, 2015
Thursday, January 22, 2015
Fall of the Old America?
Fall of the Old America?
Private property means little at a time when SWAT teams and other government agents can invade your home, break down your doors, kill your dog, wound or kill you, damage your furnishings and terrorize your family. Likewise, if government officials can fine and arrest you for growing vegetables in your front yard, praying with friends in your living room, installing solar panels on your roof, and raising chickens in your backyard, you’re no longer the owner of your property.
Private property means little at a time when SWAT teams and other government agents can invade your home, break down your doors, kill your dog, wound or kill you, damage your furnishings and terrorize your family. Likewise, if government officials can fine and arrest you for growing vegetables in your front yard, praying with friends in your living room, installing solar panels on your roof, and raising chickens in your backyard, you’re no longer the owner of your property.
Friday, January 9, 2015
Friday, January 2, 2015
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