When Global Socialism Hit the Brick Wall of Reality, This Time It’s Different – Really?
Long about the beginning of June it became evident that the ECB would either mushroom into a giant and controlling power, or the EU would fall into the economic abyss once more. It’s not like it hasn’t happened previously in history, it’s just that this time it would be different.Land Value Taxation and Future of Georgism
Georgism (breaking the power of last remnant of feudalism, the landlords) presents the most important point of contact and agreement between far left, far right, and centrist liberals throughout the world. Such agreement is key during transition to a new world economic system.The US Housing Market Rebound
Global markets have retreated slightly over recent weeks, following a minor fall in new jobs for the month and unemployment in Europe reaching new highs. A big-picture view however, shows major US economy bellwethers -housing and stock markets, experiencing a rather robust recovery…Troubled Economy Means More Extended Families Sharing Homes
Her name is Rose and she has recently become widowed. On a fixed income, she has opened up 3 rooms in her home that she is renting to her adult grandchildren. Rose is not unfamiliar with sharing her home with family. She and her husband shared their home for nearly five years with an adult son, his spouse, and five grandchildren. She recounts that at one time there were nine people and five dogs all sharing her modest size four bedroom suburban home.The Conscience Of A Restorationist, XIV
What happened to us, America? We built the strongest, most prosperous nation in the history of the world by being home to the hardest-working people in history. You used to hear so much about the American Work Ethic, about how people came to the United States, worked crazy-hard, built businesses and created opportunities for entire families and generations of new Americans. That work ethic now seems to be more a part of America’s history than a key feature of the nation today…Indirect Risk – The Word of the Day for a Problem That Won’t Go Away, The Euro Crisis
Well, the Federal Reserve has been speaking of it, and it’s been mentioned in Congressional Hearings now as well. Why even Robert Rubin spoke of it during an interview at the Council of Foreign Relations. The president of Bank of America also told investors of this problem.If In Doubt – Just Gexit!
The newly elected leadership in Greece says it doesn’t plan on exiting the euro, and that should keep investors and bondholders at least feeling a little bit better for the time being. Still, such a statement is made without regards to the restless masses who continue their protests, riots, and civil unrest. Worse, all this commotion has caused tourism to drop like a rock.United States – Paving Its Way Towards Hyperinflation
The United States could very well be on the path towards a deflationary collapse, far worse than America experienced during the Great Depression in the 1930’s. However arguably, the likely outcome is going to be even worse. The US is currently on the rails and headed right for hyperinflation and the destruction of the dollar. Overwhelming evidence has been abundant, America has known for a long time this problem exists. Yet the US Government and Federal Reserve have yet to come up with any viable solution to fix it.Must Read: The Reality of Economic Growth and Recessions
The most commonly used measure of an economy’s progress by government agencies is the GDP, or gross domestic product. It is a dollar value measure of all of the goods and services that are in an economy during a time period, generally quarters or a year. It’s simple formula is GDP = C + I + G + NX, or GDP equals the sum of consumption, investment, government expenditures and the net of exports.Greece’s Syriza Threatens to Stop Paying Their Bills
It appears that the head of Greece’s radical left party believes that there is little chance that Europe will cut off funding to the country, and if it does, Greece will repudiate its debts. Seriously…Separating News From Noise
It has been a tumultuous few weeks in the financial markets. But there is less to the news than meets the eye.