Wednesday, April 25, 2012

ZeroHedge Blogger outlines how Bernanke and the Fed could finally go Bankrupt! - Capital Account

The Federal Reserve came out with its interest rate decision today. They voted to keep rates at essentially zero, and hinted that they expect them to stay there until at least late 2014.Before we get into the what this decision means with our guest English Bob, contributing editor for Zero Hedge, let's start with a little story.

Once upon a time, there were these things called "prices." The market (I.e. You, me and joe six-pack down the street) determined them with every single transaction we made. Although we still use prices in our everyday lives in order to make decisions, these prices are no longer freely determined by the market. They are distorted, and the source of that distortion rests at the FOMC.

Which Came First - The Spending Or The Debt?

People say the government has a debt problem. Debt is caused by deficits, which is the difference between what the government collects in tax revenue and the amount of government spending. Every time the government runs a deficit, the government debt increases. So what's to blame: too much spending, or too little tax revenue? Economics professor Antony Davies examines the data and concludes that the root cause of the debt is too much government spending. Source

Steve Keen On Europe's Delusion And Why The Entire World Is Turning Japanese

"You need to have accelerating debt forever to have rising asset prices forever and not even debt can accelerate forever"
Tyler Durden's picture

Economic Debunker Steve Keen is interviewed by outspoken Irish journalist Vincent Browne and no holds are barred as he describes the Maastricht Treaty as a suicide pact

Israeli military chief confirms Iran ‘hasn’t yet decided’ to build nuclear weapon


If anyone was still unsure about the fact that Iran has not so much as made the call to begin developing a nuclear weapon – which has already been confirmed by U.S. intelligence agencies and U.S. Secretary of Defense Leon Panetta himself (twice) – Israeli Defense Force Chief of Staff Lieutenant General Benny Gantz drove the point home once again.
In an interview with Israeli news outlet Haaretz, Gantz made some quite surprising statements, including pointing out exactly what I have been saying for months, “the Iranian leadership is composed of very rational people.”
The obvious conclusion to be drawn from this is that the Iranian leadership is not by any means insane or suicidal enough to either develop a nuclear weapon or use it against anyone, especially Israel.
The statements from Gantz were, in my opinion, somewhat shocking seeing as he is the same individual who previously hinted at Israeli involvement in the abnormal number of beneficial “accidents” which seem to perpetually plague the Iranian nuclear program.

‘Young Turk’ to ‘sexist’ Fox News host: ‘Fuck you!’

Via Mediaite: "Greg Gutfeld, 20% of Fox News' The Five, raised more hackles than a flock of geese at a screening of The Sixth Sense when he opined that the National Organization for Women is now superfluous because women have secured the right to shop. During Tuesday's online edition of The Young Turks, co-host Ana Kasparian said what a lot of people were probably thinking: "Fuck you!"...".* Source

Ron Paul attacks CISPA in urgent call to oppose 'Big Brother' bill +

Imagine having government-approved employees embedded at Facebook, complete with federal security clearances, serving as conduits for secret information about their American customers.
That’s not a hypothetical — those words are a verbatim excerpt from concerned GOP presidential hopeful, Congressman Ron Paul. The Republican representative from Texas asks Americans to consider that draconian dilemma before it becomes a reality. It will all be possible under a new bill slated for discussion on Capitol Hill this week.

Michael Savage: How Obama fixed 2012 election


James Turk gives his timeline on the Dollar's Collapse and Gold's role as the messenger!


With Italian and Spanish bond yields back on the rise, we've recently seen the Dutch government collapse under the weight of austerity talks and French president Nicolas Sarkozy defeated after the first-round of elections. As price discovery is guarded against in the financial markets, are we seeing its emergence reflected in the delicacy of eurozone governments as discontent is being "priced into" the democratic process?

Syria - Inter Arab Rivalries and the Hezbollah Spark

Hezbollah's victory over Israel in 2006 sparked the fermenting of unrest in Syria. The Gulf Arab regimes did not support Hezbollah and Syria did, Bashar Al Assad called the Gulf Arab leaders "Half Men" for their lack of support, and this lit the fire.
Israel saw the need to undermine the feeding of Hezbollah through Syria. And that explains a lot of what is going on today. Source

"Politicians... Inadequate as a profession" - Ideas and Insights: Johan Galtung