Digger’s Friday Triple Play

Alan Grayson: “Which Foreigners Got the Fed’s $500,000,000,000?” Bernanke: “I Don’t Know.” Bringing Transparency to the Federal Reserve Ron Paul: What Are They (The Federal Reserve) So Afraid...

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Current Thoughts on the Stock Market: Caveat Emptor!

Government surplus efforts are presently working.  Some are calling an end to the recession.  Green shoots are sprouting.  The stock market is breaking 2009 highs.   Life is back to normal.  All is well.  Or is it? What is the real reason for all the happy faces of the folks on CNBC? Answer:  Government spending. I addressed the government spending effect on GDP  in June in an article...

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Digger’s Friday Triple Play

Auditing the Fed will Audit the State The Fed is a racket at heart, a con game writ large — what else can you call an organization with the exclusive privilege of printing money in the trillions and handing it over to friends? But if this is true, what does that say about the state, the organization that created and sanctions it? Is the Fed an honest mistake in the state’s otherwise undying...

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Digger’s Friday Triple Play

Not Everyone Is Cheering Fed’s New Role The Federal Reserve would become the nation’s most powerful financial overseer, an approach that is becoming a flashpoint as lawmakers and consumer groups attack the central bank for its role in creating and handling the financial crisis. A movement is spreading in Congress to force the Fed to disclose the identity of institutions that borrow...

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The Demise of GM and How the U.S. Is On the Same Course “As GM Goes, So Goes the Nation”

I truly believe a year from now we’ll have many of the answers we’ve all been waiting for. I choose a year from now because once this Presidential political distraction is over with, and we’ve had another year of the continued crack up from the sub-prime mess and more bank failures, and more fed intervention (GM, Ford, possibly the airlines, state bailouts, followed by the...

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The Fed’s Last Hurrah

Getting ready to watch the last debate with the topic of “economics,” which should be good for a laugh. Just wanted to share my thoughts on what the Fed is up to…. Putting yourself into the Feds shoes, I mean literally diving into the crown of Bernanke’s head and becoming “The Fed,” you have to answer “what do we need to do to save the markets?” The...

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The Fed Is Relevant…. For Now…. However…..

Is the Fed relevant or do they cause more harm than good? The answer is “yes,” they are relevant, as long as people still think the Fed is relevant. The real question that needs to be answered however, is how much longer can the Fed keep playing this game and pulling the wool over the People’s eyes? The Fed uses it’s “tools” and tries to produce price...

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Did you hear the other government rumor about gold?

Did you hear the other government rumor? Alchemist finds a way to produce unlimited amounts of new gold at essentially no cost. I’m just waiting for that one…. (Bernanke even made reference to it with a parable in his 2002 speech.) Here’s what he also said in that 2002 speech; “Like gold, U.S. dollars have value only to the extent that they are strictly limited in...

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Which Would You Prefer, Higher Taxes or Higher Inflation?

Which Would You Prefer, Higher Taxes or Higher Inflation? Guess what folks? You’re getting both…and it’s not going to get better anytime soon! Journalist Melissa Lee was on the “Today” show on 2/27/08 telling “everyone” that they should be 75% in stocks and 25% in bonds because “that is the only way to beat inflation.” The problem with this statement is that...

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