Tag Archives: Bailout Fail

The United States Plummets to 18th in New Economic Freedom of the World Rankings

Posted on by

http://freedomwat.ch/wp-content/uploads/2012/09/efw-score-2012-2010.jpg

“Last year, the U.S. fell from 7th to 10th, and I though dropping three spots was bad. But falling by eight spots this past year is a stunning decline.  Who would have thought that Scandinavian welfare states such as Denmark and Finland would rank higher than the United States? Or that Ireland, with all its problems, would be above America?  I’ve previously highlighted the good policies in Hong Kong and Singapore. And I’ve trumpeted the good policies in Switzerland and Australia, as well as Canada, Chile, and Estonia. So kudos to the leaders in those nations.  American politicians, by contrast, deserve scorn.”

http://danieljmitchell.wordpress.com/2012/09/18/the-united-states-plummets-to-18th-in-new-economic-freedom-of-the-world-rankings/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

The Fed Has Failed, Failed, Failed

Posted on by

http://freedomwat.ch/wp-content/uploads/2012/09/Bernanke9-16.jpg

“If anything the Fed has done in the past four years had actually had a positive consequence in the real economy, Bernanke would have identifed that policy and expanded it in a measured response.  Instead he went all-in, emptying the Fed’s toolbox in one big dump: unlimited money-printing, unlimited propping of the mortgage market, unlimited support of low Treasury rates and three more years of zero-interest rate policy (ZIRP).”

http://charleshughsmith.blogspot.com/2012/09/the-fed-has-failed-failed-failed.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Fitch: rising delinquency rates pose looming threat for FHA

Posted on by

“Worsening delinquency trends for home loans insured by the U.S.  Federal Housing Administration (FHA), evident on large banks’ balance sheets in the second quarter, may point to more trouble ahead for the FHA as the agency seeks to shore up its loss reserves.   This may eventually force the FHA to look for  opportunities to put back some defaulted loans to the banks, particularly if the  agency’s funding status worsens and U.S. home prices fail to rebound quickly.”

http://www.reuters.com/article/2012/08/16/idUSWNA358920120816

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Fed Pulls QE3 Trigger; Will Buy Mortgages in Effort to Lower Rates

Posted on by

http://freedomwat.ch/wp-content/uploads/2012/09/ben-bernanke-jackson-hole-2012-2001.jpg

“The Federal Reserve fulfilled expectations of more stimulus for the faltering economy, taking aim now at driving down mortgage rates.  The Fed said it will buy $40 billion of mortgages per month in an attempt to foster a nascent recovery in the real estate market. The purchases will be open-ended, meaning that they will continue until the Fed is satisfied that economic conditions, primarily in unemployment, improve.  Enacting the third leg of quantitative easing will take the Fed’s money creation past the $3 trillion level since it began the process in 2008.”

http://www.cnbc.com/id/49018964

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Cui Bono Fed: Who Benefits from the Federal Reserve?

Posted on by

http://freedomwat.ch/wp-content/uploads/2012/09/BankConsolidation11.jpg

“Cui bono–to whose benefit?–is a skeptic’s scalpel that cuts through the fat of propaganda and political expediency to the hard truth. Since the world has been trained (in Pavlovian fashion) to hang on every word issued by America’s privately owned central bank, the Federal Reserve, it’s appropriate to ask a simple but profound question:  Who benefits from the Fed’s existence and its policies of loaning ‘free money’ to banks at 0% and ZIRP (zero interest rate policy)? The Status Quo’s answer is ‘the American people,’ of course, a deliciously juicy layer of ‘Big Lie’ propaganda and obfuscation.”

http://charleshughsmith.blogspot.com/2012/09/cui-bono-fed-who-benefits-from-federal.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

GM’s Volt: The ugly math of low sales, high costs

Posted on by

http://s1.reutersmedia.net/resources/r/?m=02&d=20120910&t=2&i=651361188&w=460&fh=&fw=&ll=&pl=&r=CBRE8890BQN00

“Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds.  Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce.  GM is still years away from making money on the Volt, which will soon face new competitors from Ford, Honda and others.”

http://www.reuters.com/article/2012/09/10/us-generalmotors-autos-volt-idUSBRE88904J20120910

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

US August Budget Deficit Soars To $192 Billion, $1.17 Trillion In Fiscal 2012

Posted on by

“According to an advance look by the CBO, the August deficit soared from a modest $70 billion to a whopping $192 billion, the highest August deficit in history, and coming at a time when traditionally the US Treasury does not generate substantial deficits. Expect the US to end Fiscal 2012 with a total deficit of well over $1.2 trillion, which in turn means that the average burn rate of $100 billion in new debt issuance each month, will continue into the indefinite future.”

http://www.zerohedge.com/news/us-august-budget-deficit-soars-192-billion-117-trillion-fiscal-2012

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Ex-Comptroller General Walker: ‘Fiscal Cliff,’ Here We Come

Posted on by

“Former U.S. Comptroller General David Walker said he doubts the White House and Congress will agree by the end of this year to head off across-the-board spending cuts and tax increases set for January.  Congressional committees haven’t ‘done their work’ on realistic plans to overhaul taxes and entitlement programs such as Medicare, and President Barack Obama’s administration has done little to prepare the public for spending cuts and tax increases, Walker said at a luncheon Monday.”

http://www.moneynews.com/StreetTalk/walker-debt-fiscal-cliff-tax/2012/09/10/id/451318?s=al&promo_code=10066-1

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

U.S. Household Income Sinks to ’95 Level

Posted on by

[image]

“The income of the typical U.S. family has fallen to levels last seen in 1995, a long and pernicious slide that likely means it will be a generation before Americans regain the peak income levels reached at the close of the ’90s.  A report from the Census Bureau Wednesday said annual household income fell in 2011 for the fourth straight year to an inflation-adjusted $50,054. Median annual household income—the figure at which half are above and half below—now stands 8.9% below its all-time peak of $54,932 in 1999, at the end of the 1990s economic expansion.”

http://online.wsj.com/article/SB10000872396390444426404577647470593975642.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

EU: Treaty of debt (ESM) – stop it now! (2011)

Posted on by

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet