Archive for the 'Economy' Category
The American Culture Bomb: Satire from the Onion and a Long Forgotten U.S. Army War College Essay
June 19th, 2007Before we get to the Onion, let’s look at a few excerpts from Constant Conflict, a 1997 Parameters (U.S. Army War College) essay that was written by then Major Ralph Peters. In summary, the U.S. military is aware that “American Culture” is a strategic weapon that is capable of defeating an enemy, or entire populations, […]
Oil Industry Scales Back Refinery Plans
June 18th, 2007Everyone knows that the biofuel scam only results in higher food prices, and now, the oil cartel is saying, “With all the biofuel, we don’t need to invest if more refining capacity.” The food and energy scarcity issues are being engineered into a kill off mechanism that also generates massive profits. Anyone who can’t see […]
“Markets Could Cope with Doubling of U.S. Deficit”
June 16th, 2007Just double from current levels? Why not triple or quadruple it and really get this party started? Via: Financial Times: Global capital markets would be able to finance a near-doubling of the US current account deficit to $1,600bn a year by 2012, a McKinsey study published on Friday argues. The study, by McKinsey Global Institute, […]
Clintons Sell Off Stock Holdings
June 16th, 2007To avoid any conflict of interest, eh? And Hillary just happened to be good at trading cattle futures. Right? Tell me another one. I like a good laugh in the morning. Ahh, the loving liberals with the armaments, oil and drug stock portfolios. Walmart, News Corp (Fox News) and Exxon, true bastions of progressive values. […]
BBC Headline: Are Global Market Bubbles Set to Blow?
June 15th, 2007Via: BBC: There is a strange fascination in blowing a bubble, when despite your better judgement, you keep willing it to get bigger regardless of the dangers. Then, suddenly, the violent pop that leaves you picking bubblegum off your eyebrows, or crying soapy tears. For many observers, global markets are getting dangerously close to such […]
ABN Fears World Housing Crash; UK Housing Overvalued by 50%
June 13th, 2007Via: This is Money UK: Soaring borrowing costs could spark a housing slump on a ‘global scale’, investment bank ABN Amro has warned. Families have taken on ‘unsustainably large’ mortgages, leaving them vulnerable to the sharp increases in bond yields and official interest rates seen in recent weeks, wrote economist Dominic White. Britain is one […]
U.S. States Renamed for Countries with Similar GDPs
June 12th, 2007Several people are commenting around the Intertubes that they’d like to see a per capita version of this. Me too. But for those of us who look at the U.S. economy, year in and year out and wonder, “How? Just… How can it be? How can it continue?” This is how, in one picture. Via: […]
Walmart Tries to Become Your Bank with the “Walmart MoneyCard”
June 12th, 2007Via: Consumerist: “Would you like to load your check onto a Wal-Mart MoneyCard?” Get ready to hear this phrase whenever you cash a check at Walmart (which you shouldn’t do anyway, but that’s another post.) Walmart has launched a prepaid debit card, issued from the same bank that also issues their credit cards. Why is […]
Putin Calls for New Financial World Order
June 11th, 2007Via: Financial Times: Russian president Vladimir Putin called on Sunday for a radical overhaul of the world’s financial and trade institutions to reflect the growing economic power of emerging market countries – including Russia. Mr Putin said the world needed to create a new international financial architecture to replace an existing model that had become […]
New Zealand Government Trying to Halt Rise of Kiwi Dollar
June 11th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. UPDATE: 6/12/2006: Well, That Didn’t Take Long: New Zealand Dollar Rises as Investors Return to Higher Yields Maybe the New Zealand Government should try… spit balls? Well, I’m not the senior currency strategist at Banc of America Securities, but that guy […]
