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    • Lloyd Garver: Was Bush Right About Iraq? July 17, 2009
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    • Take that Galbraith July 16, 2009
      Two-thirds of consumers say that they like advertising. As for my own views, if television were nothing but ads I might watch it from time to time.
    • "Mercantilism, Corporations, and Liberty: The Fallacies of 'Lochnerian' Antitrust," by James Rolph Edwards (Libertarian Papers) July 16, 2009
      Just published: Libertarian Papers, Vol. 1 (2009), Art. No. 30: "Mercantilism, Corporations, and Liberty: The Fallacies of 'Lochnerian' Antitrust," by James Rolph Edwards Abstract: Progressive legal theorist Daniel Crane has argued that libertarians who believe that monopoly results from government intervention should accept a […]
    • Weird Copyright Facts July 16, 2009
      The Internationale, the inspiring or chilling (depending on your view) anthem of communists the world over, is actually under copyright protection in France until 2017! Wikipedia explains why.
    • Harper on Good, Evil, and Politics July 16, 2009
      It's a great thing to have all these ancient Faith and Freedom issues online. With every click there is a treasure. Here is a nice piece, very short, by F.A. Harper in which he directly addresses this idea that the state is ever more necessary the more evil a people are. From January 1955: ____________ Do you enjoy riddles? This one chall […]
    • The Book that Started and (Should Have) Ended the Debate July 16, 2009
      Collectivist Economic Planning, edited by F.A. Hayek
  • RSS Lew Rockwell Blog

    • The Ron Paul Birthday BBQ in Galveston
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    • Karen DeCoster is a Seer: Crocs is in Real Trouble
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      The three best-read yesterday were: the Jim Rogers interview with Andy Mukherjee; Gary North on gold, inflation, and deflation; and Paul Fassa on detoxing fluoride.
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    • Pound: All Indicators Point to Down July 16, 2009
      If an investor only read the story, Pound a Buy Before ‘Steep’ U.K. Recovery, they could be forgiven for assuming that the fundamentals underlying the Pound must be strong enough to just such a bold claim. In fact, virtually all economic indicators are trending downward, and most analysts (with the exception of the source behind [...]
    • Summer Could Provide a Boost to the Dollar July 15, 2009
      There is a pattern in the following smattering of forex soundbites: “It feels like we’re already in the summer doldrums;” “[We] are moving into summer trading;” “We are in a summer period.” From three different analysts, three identical conclusions- summer has arrived.  Granted, summer officially began on June 21, bu […]
    • Chinese Yuan Poised for Appreciation July 13, 2009
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    • Investors Disagree over Emerging Markets July 11, 2009
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    • Risk Aversion Edges Up July 9, 2009
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A Bankrupt Superpower

Posted on March 21, 2008 by freemarketman

The Collapse of American Power

By PAUL CRAIG ROBERTS

Click on the above link to read the full article

.

Filed under: Uncategorized | Tagged: America, Banking, Bankrupt, Banks, Bear Sterns, Bernanke, Bubble, CDO, Central Bank, Counterfeit, Credit, Crisis, Debt, Deflation, Dollar, Dow Jones, Economics, Economy, Federal Reserve, Finance, Freedom, GDP, Hyperinflation, Imperialism, Income, Inflation, Interest Rate, Investment, JP Morgan, Liberty, Malinvestment, MBS, Mises, Monetary Policy, News, Politics, Recession, Repo Rate, Savings, Stagflation, Stock Market, Superpower, SVI, The Fed, The Great Depression

« What has Government (and Banks) DONE to (Y)our Money??? Greenspan’s Last Bubble Has Popped: Gold »

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  • RSS Mish’s Global Economic Trend Analysis

    • Commercial Paper Falls at Record Pace July 16, 2009
      Corporate borrowing costs continue to climb along with the steep plunge in commercial paper. Please consider Commercial Paper Falls Most Ever.The U.S. commercial paper market, the cheapest source of corporate cash, is shrinking at a record pace, raising the cost of capital for borrowers from Consolidated Edison Inc. to Kellogg Co.The market for company debt […]
    • Foreclosure Filings Hit Record 1.5 Million; One in Eight Americans Delinquent; Obama's Mortgage Rescues Create ‘Confusion’ July 16, 2009
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    • Delusional Canadian Economists; Anger Mounts In Toronto Over Garbage Collection July 16, 2009
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    • S&P 500 Rally Poised to End; Buy and Hold Still Bad Advice July 15, 2009
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    • Peak to Trough Case Shiller and CAR Home Price Declines July 15, 2009
      The following charts were produced by my friend "TC" who has been monitoring California Association of Realtors (CAR) data, DQNews data, and Case-Shiller Data. Although individual cities topped at varying times, the top-10 and top-20 cities peaked in a June-July 2006 timeframe.CAR and DQNews Dataclick on chart for sharper imageDQNews Housing Data c […]
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    • LA Area Port Traffic in June July 16, 2009
      Note: this is not seasonally adjusted. There is a very distinct seasonal pattern for imports, but not for exports. Sometimes port traffic gives us an early hint of changes in the trade deficit. The following graph shows the loaded inbound and outbound traffic at the ports of Los Angeles and Long Beach in TEUs (TEUs: 20-foot equivalent units or 20-foot-long c […]
    • Market Precis and More News July 16, 2009
      Click on graph for larger image in new window.This graph is from Doug Short of dshort.com (financial planner): "Four Bad Bears". Note that the Great Depression crash is based on the DOW; the three others are for the S&P 500. Tomorrow could be wild. CIT might file bankrutpcy, Corus Bank and Guaranty Financial might be seized by the FDIC ...Fro […]
    • Report: CIT Bondholders Considering Debt for Equity Swap July 16, 2009
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    • DataQuick: California Bay Area home sales Increase July 16, 2009
      Note: Ignore the median price, especially during periods when the mix is changing rapidly.From DataQuick: Bay Area home sales and median price rise Home sales in the Bay Area jumped to their highest level in almost three years, the result of improved mortgage availability and a perception among potential buyers that prices have bottomed out. ...A total of 8, […]
    • NAHB: Builder Confidence Increases Slightly In July July 16, 2009
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    • Some More Observations On The Goldman Squidweb July 16, 2009
      Compliments of Muckety muckMapWidth="645"; muckMapHeight="645"; muckMapCtx="http://www.muckety.com"; muckMapProps=({actors:"5000806",auth:'CFAD3BC592A8801AE3140200CC1AD32E027482220F077DD2',baseurl:'http://www.muckety.com'});
    • Glenn Beck Explains The Goldman Web July 16, 2009
      Spider-squid, spider-squid, does whatever a spider-squid does.
    • Roubini: "My Views Were Taken Out Of Context." July 16, 2009
      Does CNBC now have to pay back all those who bought stock after being pounded by this misquote over and over as an epilepsy inducing Breaking News box? That, of course, assumes the powers that be will allow the market to move down even 1 point from the most recent artificially high level.From RGE Montior: “It has been widely reported today that I have state […]
    • Market Preparing For Some Crazy Action July 16, 2009
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    • Max Keiser: "Goldman Sachs Are Scum" July 16, 2009
      "They are literally stealing a hundred million dollars a day. Goldman Sachs is stealing every day on the floor of the exchange. They should be in the Hague, they should be taken on financial terrorism charges. They should all be thrown in jail"Well, at least one person says what he thinks.
  • RSS Minyanvile

    • Two Ways: Big Blue, Big on Earnings July 16, 2009
      IBM (IBM) released results for its fiscal second quarter after the bell. Big Blue earned $2.32 a share beating analyst estimates by 30 cents and marking the highest earnings results for any first second or third quarter in the company’s history according to its accompanying press release. Revenues meanwhile fell 13.3% year-over-year to $23.25 billion […]
    • MV Weather Report: Bulls Shake Off CIT Storm July 16, 2009
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    • Camel Gets Burned in Advertising Suit July 16, 2009
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    • White House Cold-Shoulders CIT July 16, 2009
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    • Trading Lessons: No One Is Too Smart to Fail July 16, 2009
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    • S&P Watch: Why the Bear Will Become a Bull July 16, 2009
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    • Randoms: CIT Another Victim of Moral Hazard July 16, 2009
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