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Credit Crunch Bogus? Yea and Nay

For the first time today, I actually thought that maybe this “credit crunch” isn’t a pure invention* of Paulson and a few (other) investment bankers. Here’s a news story saying that grain is piling up in Canadian ports, because exporters don’t trust the banks backing up their foreign buyers. On the other hand, “English Bob” […]

"Radical Measures May Be in the Wings"

So says a CNBC headline, as the market is down more than 2% on the day. Oh, it is accompanied by the below picture. If I were adept at PhotoShop, I would put in some horns and the Ring of Power. UPDATE: Ben Osborne offers the following in the comments:

Me Myself and Murphy

A Friday twin spin for you… Here’s Art Carden and me talking about the SEC ban on short-selling, and here’s my college radio interview when I went to Penn State a few weeks ago. What is interesting is this radio host grills me for about 10 minutes on whether speculators are driving up oil prices. […]

Markets Get Crushed Again

Well, for what it’s worth, people in the stock market are at least starting to wake up to the fact that a printing press isn’t nearly as useful as those replicators in Star Trek (the episodes with Patrick Stewart, not the earlier ones with William Shatner). The S&P 500 lost 7.62% TODAY, and is down […]

A Very Scary NYT Article On Involuntary Acquisition of Equity (aka Stealing)

I have read some scary NYT articles, but I think I just found the winner (HT2EPJ). Just try to remember what it was like back in, oh, say, August 2007. Try to remember what types of things the government of the USA could and could not do. Now check out these excerpts: WASHINGTON — Having […]

The End of Fed "Sterilization"? We Might Get an Inflation Infection Real Soon

I have been postponing a proper discussion of Fed “sterilization” because it’s a tricky thing, but events are moving quickly. So with the caveat that I am writing this in the wee hours of the morning, here it is in a nutshell: Our banking system is a “fractional reserve” one. That is, if you take […]

More Anecdotal Evidence on the Bogus "Small Business Payroll" Justification for the Paulson Heist

After the House wisely decided that a group of “representatives” probably shouldn’t vote for something that the public opposes 9-to-1, the Powers That Be made two important switches. First, they stopped calling it a “bailout” and started calling it a “rescue package.” Second, they emphasized how this was all about helping Main Street. In particular, […]

Swanson on USSA and Newt on the Bailout

Tim Swanson has a nice post summarizing our loss of liberties, and below Newt Gingrich actually makes a lot of sense. I liked him once he left government.