CHINA; IT’S THE BIGGEST PONZI SCHEME EVER CREATED
One of the aspects I enjoy most about the Internet is to be able to read international newspapers, the ones of some repute and not those tacky tabloids controlled by that wrinkled up little prune, Rupert Murdoch! London’s Daily Telegraph in my opinion is amongst the finest of newspapers. One article which recently grabbed my [...]
GEITHNER ON A MISSION SUCKING UP TO THE CHINESE
With China claiming they are so worried about the value of its roughly $1.4 trillion of treasury bonds, and the mood of the Federal Reserve to print money to solve our economic ills, if I were Timothy Geithner, I would have asked Ben Bernanke to have cranked up the printing presses and dispatched a shipload [...]
JUNE 1ST 2009 ONE OF THE SADDEST DAYS FOR AMERICA
General Motors, up until just a few years ago the greatest name in auto manufacturing, today finally declared Chapter 11 bankruptcy. For the past thirty years General Motors became the punch bag for media and Wall Street criticism. The extreme right wing of politics in America also didn’t help matters by hating them for their [...]
WHEN WILL LARGE CORPORATIONS RETURN TO A BASIC PHILOSOPHY THAT WORKS FOR ALL?
Amongst all the business news of doom and gloom this week, the headline stealer was the speculation of the fate of once America’s greatest company, General Motors. With the help of President Obama, it appears G.M. will be bullied into bankruptcy. What is happening to this country, when the media and other self professed experts [...]
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