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.

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ALL CONTRIBUTIONS

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?
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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.
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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.
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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.
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E Skinny Deal: Whose World View Is Currently Winning?
Bannon and Cramer populism vs. Ron Paul; meddling in Hong Kong.
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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.
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Comments

Latest Comments
Economy In Solid Shape To Handle A Coronavirus Shock
20 hours ago

The real world pandemic could still take down finance and markets. We should not celebrate yet.

Ten Plagues
2 days ago

It is absolutely a fear because apparently people without symptoms are infecting people which means cities could be cut off the world over.

Ten Plagues
3 days ago

Fascinating article. According to DNA I am not a firstborn son, but as an adopted son I am first adopted. Hopefully the plagues will back off but they certainly are a major threat to world prosperity, being amplified by the Genius in Chief's trade war and general worldwide slowing.

Coronavirus Continues Its Reign Of Terror
4 days ago

I had a nightmare about the virus. The truth is scientists do not believe it will stop spreading. Bankers and financial types are not believing the scientists at this stage. While I hope the scientists are wrong, they are the experts.

Why Americans Want Socialism
4 days ago

I doubt if the Fed will ever offer the real fix that would avoid socialism such as redistribution of profits. That fix is Helicopter Money. That is a one off large gift to every citizen from the Fed balance sheet.

Meng's Arrest Vs. The Rule Of Law
4 days ago

It is possible, but the US government has provided no proof and some agencies have denied there is spying. The world does not believe the USA which looks more and more like a fraudster government.

In this article: QQQ, AAPL, AMZN
Was It A Midpoint And Did We Already Pass Through It?
4 days ago

Trump panicked. He said the US was open for business. Maybe he just should not have created the trade wars!

In this article: FXE, TLT
No Recession Warning Now
4 days ago

Stocking shelves is not exactly insuring end demand.

Sources Of Imbalance And The Pushback Against New Divergence
4 days ago

Trump has panicked in the face of the Coronavirus by pleading with the world that we are open for business. His trade wars coupled with the pandemic possibly coming to America could devastate debt fueled America.

In this article: FXE, FXY
1 to 10 of 3403 comments
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PERSONAL BLOG

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

Blogger
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. http://www.examplesofglobalization.com

Education

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

Publications