Category Archives: Global Finance

Not worth a Canadian Dollar

The US dollar, that is. Chart Unlike the times during the past year when the USD/CAD rate went below $1.00 for a day, this looks like a trend. The rate is only psychological as the Canadian dollar has no hard … Continue reading →

Posted in American Politics, Energy, Global Finance, Obama Nation, State of Fear-mongering | 2 Comments

Pay no attention to the little man behind the IMF

U.S. Treasury Secretary Tim Geithner has made it no secret that if it was up to him, the IMF (International Monetary Fund) would become the World’s Central Bank – the Global bank that would make all decisions affecting the economies … Continue reading →

Posted in American Politics, Global Finance, Obama Nation | 1 Comment

Congress & the Stock Market

Will Congress extend the capital gains tax? For people holding very long term investments, if they believe the lower tax in capital gains is about to revert to pre Bush rates, they’ll sell their holdings and take the gains at … Continue reading →

Posted in American Politics, Global Finance, State of Fear-mongering | 1 Comment

“If this escalates into a real war…”

North Korea is undergoing a transition to a new leader, and that can be a dangerous time as the military tests their power and the abilities of the new leader. Today, North Korea opened fire on a South Korean island … Continue reading →

Posted in American Politics, Global Finance, Obama Nation, State of Fear-mongering | 3 Comments

$1.41.26+

While we have been distracted by the election, the Federal Reserve voted to create $600 billion out of thin air in order to buy up U.S. Treasury Securities in order to keep interest rates from rising – by flooding the … Continue reading →

Posted in American Politics, Global Finance, State of Fear-mongering | 4 Comments

Sheila Bair’s Warning

Sheila Bair is the head of the overwhelmed FDIC. She talked to Bloomberg TV today, and is warning banks to plan for the inevitable increase in interest rates. On the surface, you might think banks could only benefit from increasing … Continue reading →

Posted in American Politics, Global Finance, Obama Nation, State of Fear-mongering | 3 Comments

Did Drug Dealers save the world?

I’m looking back over the polls since fall 2008, and was reminded of the news story where two “Japanese” men were detained for trying to smuggle $134 billion in US Treasury Bearer Bonds into Switzerland in June 2009. At the … Continue reading →

Posted in American Politics, Global Finance, Uncategorized | 1 Comment

The other claw drops

Radio info story That Scott Hennen story has a new wrinkle. Scott was suddenly fired from the station where he was co-owner with no advance warning. It was very odd at the time. According to the story above, the other … Continue reading →

Posted in Global Finance, Radio Biz | 1 Comment

Trade is not a two way street

There is a lot of economic talk lately (on radio and elsewhere) trying to view trade balances as a one to one relationship between two countries. That has no connection to reality, especially when your currency is one of the … Continue reading →

Posted in American Politics, Global Finance, Obama Nation, Radio Biz | 1 Comment

What Government created the Stuxnet worm?

The NY Times has a theory NY Times This worm is purported to allow remote control of devices using Siemans controllers, like nuclear power plants, oil pipelines, and other industrial controllers… It is far too sophisticated to have been the … Continue reading →

Posted in American Politics, Energy, Global Finance, Obama Nation, State of Fear-mongering | 2 Comments

Smoot Hawley II

A small news story – the House has voted to authorize trade sanctions against China for failing to allow its currency to float, creating a subsidy for Chinese goods. If you follow John Batchelor, he’s been warning of Chinese aggression … Continue reading →

Posted in American Politics, Global Finance, Obama Nation, Uncategorized | 2 Comments

“It won’t cost any money!”

US Bails out major Credit Unions – Fox News We’re somewhat used to “FDIC Friday” now – as the FDIC with its empty pockets (the fund is now $20 billion in the red) pretends to bail out a handful of … Continue reading →

Posted in American Politics, Global Finance, Obama Nation | 1 Comment

The Holy Grail of “Diversity”

The Daily Mail in London published some maps showing the geographic breakdown by race of some major US cities (curiously, Barack Obama’s home town of Chicago is not shown) Article and Maps I’ve written a number of times about Detroit … Continue reading →

Posted in American Politics, Global Finance | 6 Comments

Let’s destroy the Federal Reserve!

Based on the early poll results, that seems to be the majority view. Let’s shut down all the banks and return to paying for our gas and food using gold coins. That’s becoming a very popular opinion among people who … Continue reading →

Posted in American Politics, Global Finance | 12 Comments

With advisors like this…

Glenn Hubbard, President Bush’s Chairman of Economic Advisors, and now Dean of the Columbia Business School has an idea! Having failed to avoid steering us into a global economic panic, he now has a painless solution to all those “under … Continue reading →

Posted in American Politics, Global Finance, Obama Nation, State of Fear-mongering | Comments Off on With advisors like this…