Imperial Washington is provoking tensions and confrontations everywhere —from the South China Sea to Syria, Iraq, Yemen, Libya, the Black Sea, the Baltics and Ukraine — that have no bearing whatsoever on the safety and security of the citizens of Spokane WA, Topeka KS and Springfield MA.
Although the seeds of the 2008 financial crisis were sown at a much earlier period of time, the banking institutions continued to reap the benefits of easy money until the financial crisis of 2008 negatively impacted the economy. The damage would have been much larger had U.S. taxpayer’s money not been used to bail out a large number of struggling banks and companies.
It is now more than eight years since the last financial crisis has occurred, and the current global situation is now beyond that of the financial crisis of 2008. The central banks have been able to kick the can down the road, but that has only produced such vast proportions of debt that the next financial crisis will not be manageable by the global central banks.
2008 Financial Crisis- Then vs. Now Read More »
The public pension system is like a ship headed for rocky shores and the problem was created by the FED. In trying to resolve one problem the FED has created another. By keeping interest rates artificially low the FED has boosted the stock market unnaturally high while at the same time forcing Public Pension Funds to pursue high-risk policies in an effort to fund their liabilities to their constituents. This has created a Catch 22 sort of situation that will not end well. The following video by Elliot Wave International explains the situation.
Why Nervous Pensioners Are Running for the Exit Read More »
