Stockman Warns of Crash of Fed-Fueled Bubble Economy

Richard Rubin Bloomberg 4/1/2013

The U.S. economy is in a bubble inflated by “phony money” from the Federal Reserve and will burst within a few years, warned David Stockman, who was budget director for President Ronald Reagan.

In an essay published yesterday in the New York Times (NYT), Stockman wrote that the Fed’s quantitative easing […]

How the Fed is creating a new feudalism

Conn Corroll The Washington Examiner 3/16/2013

Over a decade ago in 2001, the Federal Reserve planted the seeds of the 2008 financial crisis by lowering its target for the federal funds rate from 6.25 percent to 1.75 percent. Since this interest rate is a benchmark number used throughout financial markets, many first-time homebuyers were able […]

Trust Me, This Time Is Different

Tyler Durden Zero Hedge 2/26/2013

Submitted by Simon Black of Sovereign Man blog

By 1789, a lot of French people were starving. Their economy had long since deteriorated into a weak, pitiful shell. Decades of unsustainable spending had left the French treasury depleted. The currency was being rapidly debased. Food was scarce, and expensive.

Perhaps […]

Well, Here Comes Europe

Karl Denninger The Market Ticker 2/25/2013

I hope you’re ready…

…Bernanke’s machinations and other games “gave” the Congress four years to do the right thing. They didn’t, because that same “gift” also destroyed all market signals of urgency.

As such you have people like Krugman and others claiming that it’s all ok and that we […]

Economist Jim Rogers talks with Glenn Beck

The Blaze TV 2/13/2013

Part 1. Jim Rogers weighs in on the economic impact of President Obama’s policies

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Part 2. Jim Rogers continues his discussion with Glenn on the state of the country and the economy:

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Related: Jim Rogers to Moneynews: ‘We Should Be Terrified’ Because Fed Tactics ‘Going to […]

This Is What 1,230 Days (And Counting) Of Explicit Market Support By The Federal Reserve Looks Like

Tyler Durden ZeroHedge 1/22/2013

The day Lehman failed saw the launch of the most epic central bank intervention in history with the Fed guaranteeing and funding trillions worth of suddenly underwater capital. However, what Bernanke realized quickly, is that the “emergency, temporary” loans and backstops that made up the alphabet soup universe of rescue operations […]