Tag Archives: Economics

CFR Floats Neo-Bretton Woods to Create a New Monetary System

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“This article is bylined by Benn Steil of the Council on Foreign Relations. The groundwork is apparently being prepared. The plan has evidently always been a global currency. And it is marching closer.  The world is in a mess and surely the post-Bretton Woods system is responsible for it. One hundred and fifty central banks now administer the world’s money, many under the supervision of the mysterious Bank for International Settlements. Whatever goes on in the world financially is a product of what has gone before. With money stuff controlled the marketplace itself is organized and directed. The free market exists from a production standpoint but not from a demand standpoint.”

http://www.thedailybell.com/29110/Shock-CFR-Floats-Neo-Bretton-Woods-to-Create-a-New-Monetary-System

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The Best U.S. Metros for Recent College Grads Looking for Work

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“Across the nation’s 50 largest metro areas, there were 15.8 million jobs in these fast-growing, highly educated fields as of 2013. New York leads with more than 66,000 openings, roughly ten percent of the total. L.A. is second with 39,508. That makes sense: N.Y. and L.A. are America’s two largest metros. Together, they in fact account for nearly 3 million of these positions, nearly one in five of these estimated fast-growing, highly-educated jobs across the nation. Once we look beyond these two largest metros, the pattern diverges a bit from the size of a metro’s population. Greater Washington, D.C., has the third largest number of estimated openings, 39,259.”

http://www.theatlanticcities.com/jobs-and-economy/2013/09/best-metros-recent-college-grads-looking-work/6676/

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Journal Explores Incentive For False Results In Lab Tests For DUI

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“A recent analysis published in the Criminal Justice Ethics academic journal suggests when technicians perform forensic analysis of blood and other evidence for cases such as drunk driving, the results can be influenced by built-in financial incentives to produce a conviction, arguing that even if false conviction rates are very low, a 3 percent error rate could put 33,000 innocent individuals behind bars every year.  The primary problem, according to the paper, is that fourteen states reward crime labs with a bonus for each conviction they generate. North Carolina pays a $600 bounty ‘upon conviction’ to the law enforcement agency whose lab ‘tested for the presence of alcohol.'”

http://www.thenewspaper.com/news/42/4203.asp

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America’s Energy Boom and the Rising U.S. Dollar

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“The petrodollar regime–that oil is bought and sold globally in U.S. dollars–is easy to understand. It boils down to these two principles:  1. Petroleum is the lifeblood of the global economy.  2. Any nation that can print its own currency and trade the conjured money for oil has an extraordinary advantage over nations that cannot trade freshly created money for oil.  This is why many analysts trace much of America’s foreign policy back to defending the petrodollar regime.  In the normal course of things, anyone printing money in quantity would soon find the conjured currency bought fewer and fewer barrels of oil.”

http://charleshughsmith.blogspot.com/2013/09/americas-energy-boom-and-rising-us.html

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Upside-Down Economic Reporting: Higher Oil Prices Are Good.

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“I see. A war looms. Oil will rise in price. The world will pay more to oil-exporting national governments. This is proof of good times ahead. The rising trade deficit (an excess of imports) is good because it will lead to more exports. ‘At the same time, a strengthening U.S. expansion is helping companies in the European Union and China boost sales, which will stabilize global growth and, in turn, improve prospects for American exports.’ I see. Rising imports mean rising exports. Later. One of these days. Real Soon Now. And so it goes. Economic education marches forward.”

http://teapartyeconomist.com/2013/09/05/upside-economic-reporting-higher-oil-prices-good/

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Bill Bonner: A Personal Appeal to Barack Obama

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“We don’t share the common fantasy of central bankers: that they can know better than the market what interest rate, employment rate and inflation rate the country should have. We mention the three because the Fed sets short-term interest rates through its conventional monetary policy. And it tries to keep a lid on long-term Treasury yields through its ‘unconventional’ QE programs.  And it does so, it claims, to adjust two other important rates: employment and inflation.  Every candidate for the top post at the Fed – except us – believes it is his right and duty to do these things. Which means none should be allowed anywhere near the Fed.”

http://www.bonnerandpartners.com/a-personal-appeal-to-barack-obama/

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A Regional FED President Says the FED Is Not Inflating Enough.

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“This statement was Big News. It was such Big News that the Wall Street Journal ran a story on it. Why? Because when a regional Federal Reserve Bank president says the obvious is Big News, it means that he is opposed to tapering. It means that he thinks the counterfeiting of a trillion dollars of digital money a year is for wimps. What should the rate of counterfeiting be? He did not say. They never say. Their lips are sealed. This is what is known at the Federal Reserve as transparency. Opaqueness is when an official says something incoherent, which everyone in the media knows is incoherent, and they dutifully report as meaningful.”

http://teapartyeconomist.com/2013/09/05/fed-president-says-fed-inflating-enough/

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Bloody Scenes from the Next Episode of Economic Crisis

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“Stand by for round two of the global economic crisis, coming soon to a screen near you. It’s going to be as bloody and chaotic as the scenes on your TV from Cairo and Damascus. Yet, as ever, the chorus on Wall Street manages to keep a straight face and sing the same tune while robbing investors blind. Just listen to them on Bloomberg or CNBC and you would think the Fed has this all under control and the U.S. economy is recovering.  Now, admittedly, economists are all facing the wrong way too. There is hardly a man or woman willing to stick their neck out and say the inflation-distorted figures that purport to show a recovery are turning in the opposite direction.”

http://dailyreckoning.com/bloody-scenes-from-the-next-episode-of-economic-crisis/

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If You Want To Know Why Things Are Falling Apart, Look at Total Debt

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“It’s easy to confuse trends and cycles. The Keynesian Cargo Cultists believe that we’re in a cyclical downturn that can be ‘cured’ with more debt-based spending, i.e. worshiping their false god of aggregate demand. They cannot comprehend that we’re not in a business-cycle recession, we are in a long-term trend where additional debt undermines the system as the positive returns on that debt turn negative.”

http://charleshughsmith.blogspot.com/2013/08/if-you-want-to-know-why-things-are.html

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Is College A Scam?

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“The system is broken, the middle class is disappearing, being carved through the middle by a trillion dollars in student loan debt, and everyone is still raising tuition faster than inflation. And 50% of kids with college degrees now are underemployed.  And that one statistic that ‘if you go to college you make a million dollars more’ is totally flawed and I explained why using basic Statistics 101 knowledge. I talked about the girl who was practically naked while hula hooping so she could make debt payments from a tip jar. I spoke about the two kids who were now clerks in an eyeglass store getting paid by the hour, and they felt they were ‘lucky’ because their other friends did not have jobs.”

http://www.jamesaltucher.com/2013/04/is-college-a-scam/

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