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Tag: CNBC


Mr. Bond Market Himself Endorses “Ron Paul-ish” – Zero Hedge

“I’m Bill Gross And I Endorse Ron Paul For President”

Well well well, looky there who supports Ron Paul fellers: Bill Gross, Mr. bond market himself, CNBC’s mainstream goto man for all things related to the treasury market … I wonder if he’s a conspiracy theorist too 🙂 So let me get this straight: we have former CIA officers, one of which who worked for Reagan and briefed him daily on intelligence matters, a former DIA officer (Able Danger anyone? Look it up), former CIA chief over the BIN LADEN unit in Afghanistan (you heard me), scores of military personnel giving campaign contributions adding up to more than any other candidate combined, nationally renowned law scholar Jonathan Turley giving hints on C-SPAN and elsewhere (if not right out endorsement, haven’t searched for one) … and scores of other high profile individuals who support Ron Paul.

What am I missing here when people call him “kooky” or “loony” or “old man conspiracy theorist?” Yes, I realize some of his ideas are not tenable or, if we’re honest, even possible in terms of support. But as with theology debates, those are secondary issues, if you get my drift. The guy supports freedom more than anyone, something under assault in our day, he’s a true conservative (not a neo-conservative, there is a difference), something none of the other candidates seem concerned about, and he’s pro-life. Yes, he has a different way of going about addressing that, but his pro-life stance is clear.

I just don’t get it. The fear-mongering over Iran is an exact mirror of the Iraq situation, in which we now have Colin Powell saying if we knew they didn’t have WMD’s we wouldn’t have gone in. The intelligence was skewed, either intentionally (many people’s contention, mirroring what we now know about the CIA in the 1970’s and intelligence related to the USSR in terms of their capabilities) or by pure negligence. But I digress.

It’s unfortunate the Romney’s, Gingrich’s and the Fox News’s have essentially hijacked any chance this great man might have had. If Bill Gross endorses Paul, the writing is on the wall in terms of what he thinks of the US debt situation. We’re in deep … well, debt. A debt-to-GDP ratio of over 100% must have pushed him over the edge.

US in Depression and What it Means for the Church in America

The ‘D’ word is being uttered in the mainstream now. Despite whatever the media says concerning the ‘jobless recovery’ we’re in (which is a complete oxymoron) or the ‘summer recovery’ we’ve begun that Obama touted as truth last month, all indicators are pointing to the fact that the US is officially entering an era of economic depression, something not seen in my or my dad’s generation.

The numbers tell the story. A couple of articles in particular are pointing to this fact. One on CNBC, the other by Ambrose Evans-Pritchard of the Telegraph. In addition, even liberal, Keynesian economist Paul Krugman from the New York Times is calling this the beginning of the Third Depression, as I talked about in my last entry. He is dead wrong on how to fix it, but his diagnosis is correct.

Situation Vastly Worse Than Two Years Ago in the Global Markets: Taleb

http://www.cnbc.com/id/37610064

One Federal Reserve Chief Gets It

I couldn’t believe my eyes when I read this. A Federal Reserve senior official, Thomas Hoenig, said this today: “I am confident that holding rates down at artificially low levels over extended periods encourages bubbles, because it encourages debt over equity and consumption over savings.” Whaa?? Someone in the Fed who actually understands the root cause of all of our economic woes and votes for policy against the system? I didn’t know such a person existed in the Fed. He is certainly in the minority, especially with the likes of former Fed Chief Alan Greenspan making remarks recently indicating he had little to do with any sort of macro-bubbles or creating any problems, a notion that Peter Schiff fiercely counters:

Peter Schiff is Officially Running For Senate

Peter Schiff was Right and Saw it All Coming

Quite keen insight. He was laughed at by most of the people on these shows … “A prophet is not without honor except in his hometown and in his own household.” No one wanted to hear it. And articles like this really should make you take a step back and listen: Fiscal ruin of the Western world beckons … I’m starting to wonder if people really understand how bad off things really are.

Update 8.1.2009: and this prophetic warning from a proven trends forecaster does not bode well for the US … The Collapse of `09.

Why Isn’t the Stimulus Working? It Doesn’t Get at the $40-$70 Trillion of Leveraged Debt – Taleb

http://www.cnbc.com/id/31706523

Obama’s Message to Automakers

Ah, What Do Those Pesky Economists Know Anyway?

Why has the economy collapsed? The real, fundamental issue? “When you really get down to it, it’s the lack of ethics, the lack of morality that’s seeped into our society in the last decade that has largely brought us to this point.” – Eric Hovde.

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