Price inflation isn’t here, huh? The cost of living isn’t inching higher, eh? Well, this chart – the Personal consumption expenditures price index – shows a line soaring since January 2011, according to the Federal Reserve. Prices are definitely going higher as a result of excessive money printing by Janet Yellen and Co. From Wikipedia: […]
Archives for August 2015
Report: 5 items the Pentagon bought with your $26.5 billion taxes
Just what did the Department of Defense spend with your $26.5 billion taxes last month? Well, after cutting back by a couple of billion of dollars – the Pentagon spent $30 billion in taxes in the month of June – it decided to spend your money on some pretty dull things. If you want to […]
Puerto Rico agency defaults on bond payment for first time in $72 billion debt meltdown
The economic collapse of the Caribbean island territory of Puerto Rico begins as one agency defaulted on bonds for the very first time Monday. The Puerto Rico government is in the midst of renegotiating its substantial $72 billion debt load. As one agency missed a full bond payment in its first default, crediting are clashing […]
Venezuela’s socialism leads to food riots (video)
The socialist paradise of Venezuela continues to rot away. With a combination of socialism, government intervention, price controls and inept leaders, the South American country is facing food riots, and they could start happening daily (unless government uses the tool of force). As the video below shows, many people are facing destitute that they have […]
8 Paul Krugman quotes to laugh at
Keynesian economist Paul Krugman has said a lot of questionable and dubious things since the 1990s. He likes to chastize the likes of Ron Paul and Austrian economists because of their critiques of Federal Reserve monetary policy and governments’ market interventions. But what about Krugman? Krugman has uttered a lot of outlandish, and even contradictory […]