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The Average Joe’s Take on Government Bailouts – and More
By: Lorimer Wilson
www.PreciousMetalsWarrants.com and www.InsidersInsights.com
A story is making the rounds on the internet these days describing the practical interpretation the average Joe (and plain Jane, too) is putting on the way in which the U.S. government is dealing with the country’s current financial woes. I’ve done some editing and enhancing and present it below for your amusement and enlightenment and have added a segment with some insights and suggestions on how we can all potentially recoup the losses we incurred in 2008.
The Average Joe’s Take
“It is early July in a small sleepy town along the north shore of a beautiful lake…
Bernanke Buying Spree: The Good, the Bad, & the Reality
It’s the biggest, one-day economic shot in the arm the Fed has ever prescribed.
Just a few days after his PR tour on 60 Minutes, Chairman Bernanke announced that the Fed is going to be pumping over $1.15 trillion worth of freshly printed dollars into the U.S. economy. The lender of last resort said it will be buying mortgage-backed securities from Fannie Mae and Freddie Mac debt and loaning throwing another $100 billion into the Freddie and Fannie black hole.
The big move though, and what got the markets rolling again, was when the Fed said it will be buying “longer-term”…
19Mar2009 | Q1 Publishing | 0 comments | ContinuedDreaming of Deficits
Jan. 5 (Bloomberg) — President-elect Barack Obama’s economic stimulus package will include hundreds of billions of dollars worth of tax breaks for individuals and businesses, according to a transition official and Democratic aides. Obama is asking that tax cuts make up 40 percent of a stimulus package, the people say.
I’ve been watching CNBC today with nothing but spite for a Larry Kudlow who can barely keep his pants on he’s so excited. I think if they’d let him, he’d be singing songs praising supply side this and Keynesian that.
As for the other jackals who call themselves financial reporters, there…
6Jan2009 | Oxbury Research | 0 comments | ContinuedWELCOME TO A TRILLION-DOLLAR DEFICIT, MR. PRESIDENT
If you are a typical citizen, you like deflation. You want your wages and investment income to stretch as far as possible. Falling prices, or rising purchasing power, are a sign of economic progress – the progress resulting from productivity gains and competition.
If you are a modern central banker, anxious to implement your ivory-tower theories, deflation is enemy No. 1. (For the sake of clarity, by “inflation,” I mean rising prices, and by “deflation,” I mean falling prices).
Central bankers must be the only people who celebrate a 3 or 4% annual reduction in purchasing power.
Why is this? Because “moderate” inflation…
29Aug2008 | Daily Reckoning | Comments Off | Continued
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