Muckraker of the Financial System

The Fed knew about the housing bubble before it burst but lied and said they didn't: Bill HR 1424 to buy bad paper (eventually called TARP) was introduced in March 9, 2007, before there began to be bad commercial paper from private subprime RE loans, in August.

I have ... more


E US Government Escalates Trade Hostility
The United States government initiated two troubling escalations against Chinese communications company Huaweii. Is the US turning against free trade and capitalism?
E Trump, China And Phase 2 Negotiations
We should avoid trade wars and subsidy arguments which lead to more tariffs and a slowdown of world prosperity. Subsidies have been a sticking point in trade negotiations.
E BIS Explains Repo, But There Is More With The Banks
Obviously, Trump woke up a sleeping giant with the banks. He is still calling for lower rates from the Fed, which actually has a responsibility to keep the banks solvent, squeezing the Fed.
E Negative Rates, Climate Science And A Fed Warning
Even if climate science does not prevail with its economic aspirations, the world faces increasing challenges to growth and normalization of interest rates.
E Skinny Deal: Whose World View Is Currently Winning?
Bannon and Cramer populism vs. Ron Paul; meddling in Hong Kong.
E The Derivatives Monster Creates A Bull From Capital, Not Labor
Siphoning off capital takes place as interest rates generally decline, and it is a dangerous game.


Latest Comments
US Government Escalates Trade Hostility
3 hours ago

You are correct Flat. But Trump also said a trade war with China would be easy to win. He was obviously wrong, and it shows his ignorance about damage tariff wars can inflict.

Negative Rates, Climate Science And A Fed Warning
3 hours ago

Update 2: This science call for reduced population has been called eugenics by a scientist. And he said it could work. Science is going off the rails. I believed it was eugenics but I gave the scientists the benefit of the doubt in the article. Now there is talk of eugenics in the science community. Chilling!

US Firms In China Suffering "Severe Shortages Of Workers," Warn Virus Impact Hitting Supply Chains
10 hours ago

The ugly end of globalization needs to be reversed asap. Otherwise inefficient use of resources will raise the cost of living.

US Government Escalates Trade Hostility
1 day ago

Apparently the entire world spans the USA is an expert on China, generally trusting the reliability of the nation in business. Israel is allowing China to operate a port and has found US concerns to be amuzing.

US Government Escalates Trade Hostility
1 day ago

So, Flat, here is the link. View the chart. China was turning on to American products and tourism to the USA. But then Trump ruined the trust because he is ignorant of China's dismay regarding opening up China by the West.

US Government Escalates Trade Hostility
1 day ago

The Fred chart in a previous article showed an increase in US exports to China until Trump launched his trade war.

Sino-US Trade Flows Reveal The Next Market Crash Could Be Nearing
1 day ago

Yes, corporations were over reliant on efficiency! Inefficiency will hurt the world economy. We can only hope that the US is the only isolationist nation, and that Europe continues to grow trade with China. Otherwise Europe is in big trouble.

Planting A Cooler Climate
1 day ago

Green scientists have called for negative GDP growth. Planting trees is preferable to that violation of economic realities.

The Return Of Resource Nationalism
1 day ago

If you read the most recent Mises article at Talkmarkets, you will see that a trade imbalance does not need to be corrected. I am not a Libertarian, but they are right about trade.

The Return Of Resource Nationalism
1 day ago

Very interesting. But China reacted to American tariffs. We used to be for free trade, remember?

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Latest Posts
UJET Interview With CEO Anand Janefalkar
UJET has cutting edge technology that allows the use of a smartphone app to make the interaction between the customer (caller) and the call center to be much more user friendly.
Socially Responsible Investing As Alex Jones Is Banned
Social investing practitioners would generally be in favor of banning someone who exhibits racial or ethnic hatred against whole groups of people. It is good to look at Facebook and at Google and compare the two with regard to social concerns.
Hitler Economics In The Age Of Trump
There is a case to be made for sovereignty and mutual respect of sovereign nations, but just not in the way that Trump has made it. There is a benign sovereignty and a belligerent and hostile sovereignty. Is POTUS very dangerous or Hitler-lite?
Peter G. Peterson Turned Entitlement Into A Bad Word
Peter G. Peterson was a philanthropist for the wealthy, a reverse Robin Hood
The Cult Of Tesla's Elon Musk
I focus here on Elon Musk, because he is likely the the most powerful cult leader in America, other than perhaps Donald Trump. Elon Musk seems to be able to make outrageous statements and still retain his followers.
Trump Administration's Strange Response To Ford Relocating To China
Trump Embraces Ford Focus production in China when it railed against them being produced in Mexico. Why is this?
It Is Getting Serious With POTUS: Deep State Versus Russia Connection
It appears that Steve Bannon is now courting favor of the White House. I wrote about how radical he is as he has espoused a libertarian economic agenda on steroids.
The Curse Of Trump Is In Cutting Back On The Poor
The United States is a prosperous nation. But attacking the poor is not the way to remain prosperous. It has been tried before with disastrous results.

Work Experience

Examples of Globalization Blog
2010 - Present (10 years 3 months)

On my blog I discuss the past housing bubble, the crash and future housing bubbles and scams. Offering easy money loans should be against the law but is not. Selling bogus AAA rated bonds should have been prosecuted but the scheme came from the bankers at Basel 2. You can't go higher than that.


University of California, Santa Barbara
1967 / 1970
Political Science & Government