Economy

To be financially independent, one must have a solid understanding of the economy. This category will cover various topics and events concerning the economy and try to shed light economic truths and myths.

Is Unemployment Really Down or Just A Fairy Tale ? A Lesson About Economic Reports & Media Tactics.

English: United States mean duration of unempl...

So, there was a big ol’ celebration last week among the political class and the media.  It was all over the headlines. 8.3%…8.3%…unemployment is down to 8.3%!! President Obama was strutting. The shill media was, too.   Obama even gloated about what a fantastic job he’s done.  After this apparently amazing economic achievement, President Obama told congress not to muck it [...]

read on...

A True Story of a Headline and a Black Sheep

Obama,Pelosi - 8.3% unemployment

  Here’s a true story.  This morning I sat down to check out what was happening in the world.  I was checking some of my favorite websites and was checking out the headlines on The Drudge Report. As you might know, on the top center of the page is the main story, the big headline or the latest breaking news.  [...]

read on...

Was Winston Churchill Right About Americans?

Winston Churchill (1874 – 1965)

Americans are frequently engaged in discussions about the direction of their country and what can be done to fix the problems.   People who see the political system, the monetary system and the economy for what it is will ask “When will Americans wake up?” I have my thoughts about when Americans will wake up.  I could be wrong. Maybe Winston [...]

read on...

When The Bread and Circuses Are Gone In America

Circus

Many Americans simply do not want to face reality.  America is going broke.  America has some some fundamental problems that have resulted in serious negative consequences to the people who live here. For some reason, there are far too many people who refuse to acknowledge these major problems exist.  Furthermore, those that do acknowledge we have major problems, are either [...]

read on...

What Is A Nobel Prize in Economics Worth These Days?

People debate all sorts of topics in the world of economics.  Often in these debates, it will come to some kind of gridlock or standstill.  That’s when it happens.  Someone pulls the Nobel Prize of economics card or starts listing credentials.  Frankly, I think this terribly weak for a couple of reasons. Citing an award has nothing to do with [...]

read on...