Economy Discussions

Lots of discussion going on in the the Recession, Depression or Systematic Breakdown thread regarding the recent Divorce between Jim Quinn the Content Writer behind The Burning Platform and Jason Rines, the Technological Developer of the Platform Jim wa using to write on. I think this deserves a thread of its own, so I am starting o...

I'm shocked. If I wanted to reduce my $800 billion in Treasury exposure, and move to gold, as a Central Banker I would tell the markets I'm dumping Treasuries and buying gold. I also tell prospective homebuyers how terrible my house is, and highlight all of the small mechanical glitches of my vehicle to the used car broker. ...

From today's LA Times. Can you explain to me how only 31% of Americans have saved at all for their retirement, and yet 32% say they are "very confident" in their ability to wisely invest their savings? How 54% of the 31% who saved at all have less than $25,000? That means less than 17% of Americans have more than $25...

From Huffington Post: Congress should act immediately to abolish credit default swaps on the United States, because these derivatives will foment distortions in global currencies and gold. Failure to act now will only mean the U.S. will be forced to act after these "financial weapons of mass destruction" levy heavy cas...

As Derryl has described in some detail in the COLLAPSE COULD COME SUDDENLY thread, it has been observed since the earliest days of the Industrial Revolution that the machine age essentially rendered most productive work of the physical kind unnecessary for most of the population. As long as the thermodynamic energy of Oil was in abu...

Well here you go then. No suckers are borrowing from the US banks -- apart from the too-big-to-fall banks borrowing from themselves (investment banks borrowing discreetly from their own associated normal bank arms) in order to play roulette on the markets. This lack of private borrowing is bound to create further GDP growth and liq...

Here is an article from The Market Oracle that is full of economic clarity. The piece contains good explanations for the eventual demise of the dollar and, for once, looks at the US dollar from outside America's borders, because this is where all the real and effective dollar threats originate and persist -- where the Fed can no...

The recessionary forces have not released the economy. While there is tangible evidence that the economy is now improving, the slow rate of improvement focuses attention on why it is not improving at a faster rate. This is a concern as the full force of several major economic drags will increasingly effect our economy. There i...