By Bill Wilson — How’s that “stimulus” working out for you, America? After more than $3.4 trillion fiscal and monetary tsunami from the government and Federal Reserve to prop up the economy, things were supposed to get better. Unemployment was never supposed to rise above 8 percent. […]

By Bill Wilson — After the disappointing June 1 unemployment report, which measured the jobless rate ticking up to 8.2 percent, many are asking for how much longer this depression will linger on. The answer, sadly, is for a long, long time. If measured apples to apples […]

By Bill Wilson — Call it Keynes’ tragic comedy. If ever there was an example of how vapid and corrupt today’s financial system has become, and particularly the lengths governments will go to secure financing for their profligate spending habits, look no further than Greece’s recent recapitalization of four banks with €18 billion of financing provided by the European Financial Stability Facility (EFSF). This latest […]

By Bill Wilson — With the radical anti-bailout party Syriza leading polls in Greece and set to pull off a major upset in June 17 parliamentary elections, all speculation about the future of Europe is centered on whether or not Greece will leave the Eurozone as the […]

By Bill Wilson — As the global financial crisis has spread from defaulting mortgages, to crashing mortgage-backed securities, to interbank contagion, to then a full-blown sovereign debt crisis, the  apologists for the Keynesian order have pretty much had their way  in responding to the economic fallout. They […]

By Bill Wilson — Today at Camp David, the Obama Administration is expected to push France and Germany to engage in more “stimulus” policies (i.e. spend, borrow, and print more money) to lift Europe’s ailing economy. As reported by Time , “The U.S. has been pushing [newly elected French President Francois] […]

By Bill Wilson — Greece has set June 17 for new elections after a non-decision on May 6 left the Hellenic nation without a government. Now all eyes are on Alexis Tsipras, who’s Coalition of the Radical Left party appears poised to overtake not only the once-ruling Socialists — which they already did on May […]

By Bill Wilson — By Barack Obama’s own estimate, borrowers who take part in his mortgage refinance program could “save about $3,000 a year on their mortgage, by refinancing at historically low interest rates”, as he suggested in his Feb. State of the Union Address . Later his Administration estimated that as many as 3 million borrowers would be eligible for that particular program , but with interest rates at record […]

By Bill Wilson — The entrenched establishment in Europe that unceremoniously deposed Greek and Italian prime ministers George Papandreou and Sylvio Berlusconi in 2011 , installing pro-bank bailout Eurocrats in their place, was dealt a critical defeat in Greek parliamentary elections on May 6. Neither of the two pro-bailout parties, the conservative New Democracy or the Socialists, gained enough seats to […]

By Bill Wilson — Obama’s idea of a recovery is when 522,000 Americans give up on getting a job, and drop out.  His claim that the unemployment rate has ‘dropped’ to 8.1 percent is either a delusion or a purposeful manipulation.  The truth is that there were […]