An Unsavory Connection
by John Truman Wolfe I don't like the word ‘globalization.’ I don’t like the way it sounds. I don’t like the way it tastes, or feels or smells. It evokes a world of human misery ruled by some unseen Orwellian…
Let ‘Em Eat Cake
By John Truman Wolfe Scott Rasmussen is one of the country's foremost pollsters. In my opinion he is the best. Rasmussen is smart: he surveys “likely voters,” as opposed to just those of voting age. He conducts a daily presidential…
THE AMERICAN FINANCIAL CRISIS: ACT II
by John Truman Wolfe A Credit Default Swap (CDS) is a fancy name for a financial instrument that is really nothing more than a bet on whether a loan will be repaid or not. They are wagers placed by bankers…
Financial Terrorism
by John Truman Wolfe There was an article in The Washington Times, written by Bill Gertz on February 28, 2011. The title of the article is Financial terrorism suspected in 2008 economic crash. http://www.washingtontimes.com/news/2011/feb/28/financial-terrorism-suspected-in-08-economic-crash/ There are two sides to this…
The Return of the Three Stooges
by John Truman Wolfe The duplicity of this administration has long since ceased to be a surprise to me. The President has flip-flopped on a jaw-dropping number of issues; saying one thing in his honey-coated eloquence, and completely reversing himself…
The IMF’s Austerity Program for the US
by John Truman Wolfe There is an article in The Daily Bell, published on April 23 entitled, IMF Austerity is Headed to America – Watch Out! The article is written by the newsletter’s editor Anthony Wile. The Daily Bell is…
The IMF’s War on America
by John Truman Wolfe The headlines of an article in yesterday’s Market Watch says, IMF Bombshell: Age of America Nears End. http://finance.yahoo.com/banking-budgeting/article/112616/imf-bombshell-age-america-end-marketwatch This article covers a report by the International Monetary Fund that predicts the end of what they call…
A Greek Tragedy Part III – The Global Financial Crisis
This is the third and final segment of A Greek Tragedy. It covers what occurred in Greece and what is truly needed to prevent a continuing Global Financial Crisis. THE GREEK BANKRUPTCY Meanwhile, the Athenian addiction continued. The country finally…
A Greek Tragedy – Goldman Sachs and the European financial crisis
This is the second of a three part story on the part Goldman Sachs played in creating the European financial crisis. The first part of the story is posted earlier in the blog. In short, Goldman converted ten billion dollars…