Bilderbergers, look out, here comes another super secret meeting of billionaires predicting the future of the world’s economy.
If all the advocates of a world fiat currency (a currency not backed by a precious commodity like gold) were to scream at once, workers in world capitals, business centers, colleges, and news media may be deafened. And if global financial elites have their way, America will move quickly toward accepting a planetary fiat currency issued by a world central bank.
Facing more scrutiny than its leaders have ever wanted, the Federal Reserve responded beginning in 2009 with a campaign designed to tell everything the Fed thinks the American people ought to know. How to do this? A series of comic books!
The New York Times will stop publishing its print edition sometime in the future. That's the word from Arthur Sulzberger, publisher of the Times.
Despite the wave of popular anger over the ongoing recession (no, it hasn’t ended, as just about everybody outside the Beltway has figured out by now) and the enormous expansion of government debt that is sucking the private sector dry, President Obama is refusing to contemplate extension of the Bush tax cuts for America’s high earners.
When the 82,566 fans of the New York Giants cheer their team at the home opener of the season this Sunday at the New Meadowlands Stadium, they will likely enjoy the game more than the taxpayers of New Jersey who still owe $266 million on the old Giants Stadium which was demolished to make way for the new one. Those taxpayers may also be dismayed to learn that the revenue stream from the old stadium has now all but disappeared, putting them on the hook for $35 million in principal and interest payments each year to service the bonds that built the old stadium as part of the Meadowlands Sports Complex back in 1976.
When Kevin Hassett, director of economic-policy studies at the American Enterprise Institute, wrote in Bloomberg.com that “the biggest problem with the labor market right now is that wages are too high,” it was the first positive sign of intelligent life in the mainstream media in some time.
If it is true, as Albert Einstein is alleged to have said, that insanity consists of doing the same thing over and over again and expecting different results, then President Obama and his advisors may well be channeling the great 20th Century physicist. After all, the President is neither chastened nor enlightened following the monumental failure of his multi-trillion dollar efforts to stimulate the economy by spending taxpayer money. As his September 6 speech at the Milwaukee, Wisconsin, Laborfest attested, he’s going to try it yet again.
You simply can’t make ends meet. You don’t want to spend more than you’re making, but the income is significantly smaller than the outgo. You’ve already tried using one credit card to pay off another — that didn’t work. Now you are rapidly sinking into a sea of debt, with no relief in sight ...