I ran across this video recently. There are a lot of videos about the Federal Reserve, but this one is rather interesting because it contains a interview footage with their Corporate Communicaitons Officer. This isn't some conspiracy theorist's take on the Fed, it's the Fed's take on itself. You'll … [Read more...] about Meet The Fed
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The impossibility of bailout success and the guaranteed alternative success plan that depends on you
This is a message of prosperity rather than doom and gloom. Read through to the end. A tremendous amount of homeowners are facing foreclosure. CNN Money reports foreclosures are up over 70% from this time last year. Banks are failing left and right, but let's just take a look at the bailout concept … [Read more...] about The impossibility of bailout success and the guaranteed alternative success plan that depends on you
CPI Explained – Part 2 – Substitution
This picks up where a previous post left off. You may want to read that post first in order for this one make sense. Looking at the picture above, I can only imagine that this is the way that the following idea was made into government policy. The second major way BLS's CPI calculation policies … [Read more...] about CPI Explained – Part 2 – Substitution
CPI Explained – Part 1 – Hedonics
While the measurement of inflation varies wildly depending on which economist you talk to, here we will examine the official figures published by the Bureau of Labor Statistics (BLS): CPI or Consumer Price Index. The purpose of publishing CPI is to measure inflation and/or deflation, the decreased … [Read more...] about CPI Explained – Part 1 – Hedonics
Home prices have returned to 1997 levels
One of the reasons that everyone seems to act so surprised at the "economic meltdown" is because we measure everything in U.S. Dollars while paying little attention to the value of the dollar itself. The dollar is a floating currency. The amount of dollars in circulation can dramatically increase or … [Read more...] about Home prices have returned to 1997 levels
Monetary Base up 38% Year-to-Year
According to John Williams' Shadow Government Statistics October 26 Flash Update, year-to-year Monetary Base is up 38%. Expansion of the money supply creates inflation and debases the wealth of people holding U.S. Dollars. The lesson? Don't hold U.S. Dollars. Seems kind of tough if you live in the … [Read more...] about Monetary Base up 38% Year-to-Year
How to vote against the bailout
Don't call or write your Senator or representative Don't sign any petitions online Don't join a consumer advocacy organization Our government is not one for the people anymore, and we must oppose the bailing out of failing, irresponsible, fraudulent corporations. Reasons to vote against the … [Read more...] about How to vote against the bailout
Who will bail out the government?
Although the House rejected the recent $700 billion bailout, there is plenty of bailing out that has already happened, and there is more to come. Already: $80 billion injected into failed AIG IndyMac bank taken over by FDIC Bank of America bought Merrill Lynch for $50 billion - 70% over its … [Read more...] about Who will bail out the government?