GMS Business Consulting 377 Comments

Former Fed Regulator Appologizes For Quantitative Easing (QE)

Federal-Reserve-Building-Washington-D_C  JP Morgan Chase

Hello Everyone!  Anyone having a keen sense of the obvious would agree that too much power in the hands of too few is a recipe for disaster.  That is the current state of our banking/financial system, and more specifically, talking about the “Too big To Fail Banks” (which is counter to capitalism isn’t it?).  Listen to this interview on Bloomberg with former Fed regulator Andrew Huszar, who candidly yet diplomatically describes the foundational problems of the Fed, QE, and our current banking structure. Read more

GMS Business Consulting 295 Comments

Is The US Economy A House Of Cards?

Dr. Paul Craig Roberts - IPE

Dr. Paul Craig Roberts – IPE

 

Shadowstats.com

Shadowstats.com U.S. Unemployment Rate

Shadowstats.com

Shadowstats.com U.S. GDP Annual Growth

 

Good Morning Everyone!  Each day, we listen to various forms of  news media talking about our economic recovery…that the economy is bouncing back from the great recession.  We do see evidences that there are pockets of recovery, particularly in the areas of oil and natural gas.  But as a nation as a whole, what type of recovery are we seeing?  What are the majority of new jobs being created?  Locally here in Petaluma, CA we see new shopping centers sprouting up.  That’s good right?  Well…what types of jobs are being created?  Retail.  While these jobs are necessary, they are the lowest paying.  We’ve also noticed that there are many vacancies in these new shopping centers.  So what does that say?  Are the developers simply ahead of the economic curve and anticipating a stronger recovery ahead?  Is the economy truly recovering, and if so, how meaningful is this “recovery”…or is it merely a temporary uptick…or is it possibly a house of cards? Read more

GMS Business Consulting 264 Comments

Is America Out of Gold?

Dr. Paul Craig Roberts Institute for Political Economy

Dr. Paul Craig Roberts
Institute for Political Economy

 

According to former Reagan administrations Undersecretary of the U.S. Treasury, Dr. Paul Craig Roberts, that is precisely what he is saying.  While Wall Street and soon to be former Federal Reserve Chairman, Ben Bernanke tend to poo-poo anything having to do with gold and any person inquiring about gold and its real values in the marketplace, Dr. Roberts paints a far different picture of the reality of U.S. gold reserves, and the significance this will play in both our economy and the future value of the U.S. Dollar.  We’ve addressed this before in an earlier posting, however we wanted our readers to clearly understand information that is not widely reported on, understood, and sadly not taken seriously by even some of the more educated and experienced public. Read more