Sunday, October 28, 2012
Friday, September 14, 2012
The artificial money
The artificial money, prompting low interest rates, is not being
utilized because people are still in the process of repairing their
balance sheets. The artificial excesses are simply being circulated
through loans from institution to institution to produce artificial
gains that amount to more money with nothing to back it up.
Wednesday, September 12, 2012
At the same time the government is running trillion-dollar annual deficits
When the Fed must, in Chairman Ben Bernanke's words, begin "removing
liquidity," by selling bonds, the external debt of the federal
government will rise and the Treasury will then have to pay interest on
that debt to the public. Selling a trillion dollars of Treasury bonds on
the market—at the same time the government is running trillion-dollar
annual deficits—will drive up interest rates, crowd out private-sector
borrowers and impede the recovery. Debt-service costs to the Treasury
will spiral as every 1% increase in federal borrowing costs add $100
billion to the annual budget deficit.
Thursday, June 7, 2012
Freedom and security never walk together.
Freedom and security never walk together.
Protection has always liberty restrictions.
Economic security with economic self-determination is a fantasy
Sunday, May 13, 2012
Printing money to gamble with derivatives indexes
Printing money to gamble with derivatives indexes focused on
investment-grade and junk-bond corporate debts is a smart way to transfer money
from tax-payers to financial institutions.
Sunday, April 29, 2012
Interesting, successful people rarely lead orderly, linear lives.
Read obituaries. They are just like biographies, only
shorter. They remind us that interesting, successful people rarely lead
orderly, linear lives.
Sunday, April 22, 2012
Sharing and competition
Life is not about sharing.
It is about competition.
Life is incredible competitive.
The chorus of people telling you the opposite are hypocritical liars.
The tough realities of competition for success create winners and losers.
The reality is that the competitive world is every year harder.
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