In 1951, the movie Royal Wedding was released, starring Fred Astaire and Jane Powell. One of the catchy tunes in the movie was a song entitled: “How Could You Believe Me When I Said I Loved You, When You Know I’ve Been a Liar All My Life?”
Tag Archives: global economy
Margaret Thatcher, RIP
Cyprus rejects deposit seizure
The parliament of Cyprus today said a big ΟΧΙ! – Ochi! – NO! – to the European Union’s demand to tax bank demand deposits for tribute. But by even thinking of such a step, the EU and the government of Cyprus have done damage neither side can repair. They have broken faith with every man, woman and child who has “money in the bank,” whether that bank be in Cyprus, or elsewhere in Europe, or here in the United States of America.
Cyprus – canary in the mine
Cyprus has a long and troubled history – pawn in war for thousands of years, divided to this day between Greece and Turkey. Today, like a canary in a coal mine, Cyprus signals the total economic and social collapse that threatens all Western economies, This should surprise no one.
Obama you don’t know
The Obama you think you know is either a charming rogue or a leader with consummate skill. If only some people would get out of his way, cry some. But behind the myth (good or bad) is the Obama you don’t know. Obama hid that from the voters four years ago. Thanks to the alternative media, he can’t hide it anymore.
Quantitative Easing: Theft!
Ben Bernanke, head of the Federal Reserve, announced another round of “quantitative easing” yesterday. The Fed will buy $40 billion worth of mortgage-backed bonds every month, until further notice. When he said that, stocks and commodities (including oil and precious metals) both rose in price. Bonds, especially the longer-term bonds, went down, and their yields went up. This “quantitative easing” program will not and cannot add more wealth to the economy. Instead it will steal a lot of wealth, mainly from the poor and especially the middle class, for the temporary benefit of stock investors.
Strait of Hormuz to close?
Officials from Iran threatened the world with another oil shock over the weekend. A ranking general said that he had plans in place to close the Strait of Hormuz. The Majlis, or parliament, is debating a bill to do just that. But the Arab countries in the Persian Gulf region are looking for ways to bypass the Strait of Hormuz. And the US Navy has its own plans to keep the Strait open.
Ayn Rand world: public broadcasting
In the Ayn Rand world, the government would not own, nor subsidize, media. A bipartisan commission recommended the same thing two years ago. But everyone missed that, even during the mid-term elections.
Global warming or global scam?
NASA is in the news again but this time for its scientists who have proven they have a spine. Apparently 49 NASA scientists, many of them astronauts, have strongly objected to those who use the Agency as a political football. Their letter to the Honorable Charles Bolden, Jr., NASA Administrator, denouncing global warming as bad science and excoriating NASA for propounding the idea, appears at the end of this article.
Alternative currency in your future?
Will Americans ever use alternative currency in numbers to challenge the regular currency? News flash: the Greeks turned to alternative currency last fall, and the Greek government won’t stop them. And some say that Americans might have to use alternative currency, whether the government likes it or not.
