Tag «Ben Bernanke»

Bricks in the wall

The U.S. Department of Defense consumes 360,000 barrels of oil each day. Yet corporate Amerika wants you to conserve, no doubt to save the last drops for the military (to be used to secure more oil). We’re being fleeced, folks, and the fleecing continues unabated at all levels. Here’s a minor example of the fox …

Reality bites

The BRICS are making their move to shove aside the U.S. dollar (although their own troubles might interfere). The dollar dump is particularly timely in light of recent recognition that U.S. credit verges on junk status, and rates lower than Mexico and several other countries with relatively small industrial economies. And, as pointed out by …

Partial understanding on planet Easter Island

The recent S&P downgrade of U.S. debt is yet another example of a circus sideshow in a nation filled with clowns sleepwalking off a cliff. Ben Bernanke, the master of ceremonies in the most ridiculous show on Earth, has come up with a new scheme to print money, hence plunge a financially bankrupt nation further …

Like an elevator when the cable breaks

According to Mark Twain, “civilization is the limitless multiplication of unnecessary necessities.” It seems western civilization is just about done with the mindless multiplication of anything, much less unnecessary nonsense. It’s too late for a fast collapse of the industrial economy. According to every significant index, the U.S. hit its economic peak in 2000. We’ve …

Demise of the dollar

The U.S. dollar continues its journey from Brobdingnagian to Lilliputian stature, and the latest trade report is a prelude to the dollar as microbe. The Prime Mover in this case is King Ben, who has the helicopter on track for a one-way trip to Zimbabwe with every American along for the ride. Death of the …

Techno-optimism meets its match

According to the extremely conservative International Energy Agency (IEA), we’ve passed the world peak for conventional oil (in 2006, they say). In a stunning nod to reality, even the New York Times agrees. In a bizarre case of committee-style cognitive dissonance, the IEA follows up on the admission that peak oil has come and gone …

King Ben

The authority of the U.S. federal government has eroded to the vanishing point. No longer do the three branches of government possess significant authority. Their collective ability to right the listing ship of empire has been negated by forces large and small. Whereas the president used to have considerable power, primarily through his position as …