Unemployment Up in February, Obama Reelection Chances Down

by Bob Adelmann | 12:55 pm, February 22, 2012

February is a long way from November.

The Greek Deal Saves the Banks

by Bob Adelmann | 5:15 am, February 22, 2012

It’s helpful to have a little perspective here. The banks are the funding mechanism for building the New World Order. Pain and suffering are administered when recalcitrants don’t want to play. The deal yesterday protects the banks and increases the pain on Greece. It’s part of the plan.

Geithner Ignores Subpoena to Testify in Lehman Bros. Case

by Bob Adelmann | 5:00 pm, February 21, 2012

Geithner’s too smart not to know that the committee knows he’s guilty and so he is keeping his mouth shut.

Plans Revealed for Greek Default on March 23

by Bob Adelmann | 12:52 pm, February 21, 2012

Greece is insolvent. It is in the process of defaulting, not only on the promises the government made to its citizens and workers but to the bankers and investors who loaned the money that allowed them to get into trouble in the first place. What happens on March 23rd, if anything, is largely irrelevant.

Celebrating International Aviation Mandates: Don’t call them Taxes!

by Bob Adelmann | 12:03 pm, February 20, 2012

Continued meddling in the free market is manifesting its usual results: higher costs to consumers. The price of “flying green” goes up. The false “meme” of Anthropogenic Global Warming (AGW) continues to be imposed regardless of its validity. Just don’t call those costs “taxes!”

Obamanomics, the State of the Union, and Reality

by Bob Adelmann | 5:16 am, February 20, 2012

Obama is running for reelection and anything – anything – that makes him looks good he’ll use to make his case. Even if the facts are different.

Eurozone Recession Accelerates; Moody’s Piles On

by Bob Adelmann | 5:14 am, February 18, 2012

No one should be surprised. When a heroin addict has his supply cut off he goes into withdrawal. In economics that withdrawal, in a paper or digit money environment, aided by fractional reserve banking which amplifies the “hit” through “high-powered money,” is called recession. If the addict is sufficiently addicted, the withdrawal is called a depression. That’s the lesson for today in Europe.

Big Banks Oppose Volcker Rule, Urge Delay in Implementing It

by Bob Adelmann | 2:11 pm, February 17, 2012

This is pure politics, plain and simple: put it off for as long as possible and then, maybe it will disappear altogether. Or at least until after the next election when the landscape could be altered significantly – in favor of the banks.

U.S. Manufacturing Is Making Headway

by Bob Adelmann | 11:02 am, February 17, 2012

Just when we thought that both California and US manufacturing were dead and buried comes the news that neither perception is correct. What’s amazing is how US manufacturing is thriving given the anti-capitalist ideologue sitting in the White House doing everything he can to keep this from happening.

Foreclosure Settlement Bails Out the Big Banks

by Bob Adelmann | 5:29 am, February 14, 2012

If anyone is ever in doubt about the power of the big banks, this article ought to disabuse of such doubts.

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Featured Posts

• Unemployment Up in February, Obama Reelection Chances Down

  February is a long way from November.

• The Greek Deal Saves the Banks
• Geithner Ignores Subpoena to Testify in Lehman Bros. Case
• Plans Revealed for Greek Default on March 23
• Celebrating International Aviation Mandates: Don’t call them Taxes!
• Obamanomics, the State of the Union, and Reality
• Eurozone Recession Accelerates; Moody’s Piles On