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Darkess Day of the Year, but Economically Getting Brighter

Dec 21, 2013 |
It’s the shortest day of the year today, and as we look ahead to 2014 there are reasons for a more positive outlook about the economy in America. There are indication that politically the ... Read more

Dysfunctional Relationship between Corporations and Governments

Aug 5, 2013 |
The Dysfunctional Relationship between Corporations and Governments Corporate lobbyists pressure governments to keep interest rates low. This means it is less attractive to keep money in ... Read more

50 Year Chart of Stocks, Gold and Treasuries

Jun 26, 2013 |
When it comes to what has been the most consistent and dependable investment for the long run, the clear answer is a diversified stock portolio, which virtually anyone can invest in assuming they have ... Read more

Countries Debt to GDP Ratio Spotlight Japan

May 30, 2013 |
As we look at the various nations that have high debt to gdp ratios, the one that can't be easily overlooked is Japan. As you can see in the chart below, Japan has a ratio of about 230%. Japan has ... Read more

Urban Gardner in South Central LA

May 22, 2013 |
Ron Finley has done some amazing things to help change the way people think about food in South Central LA, and area that has been mired by poverty and gangs in the past. As he puts it, growing your ... Read more

Latest links

Darkess Day of the Year, but Economically Getting Brighter

Dec 21, 2013 |
It’s the shortest day of the year today, and as we look ahead to 2014 there are reasons for a more positive outlook about the economy in America. There are indication that politically the ... Read more

Dysfunctional Relationship between Corporations and Governments

Aug 5, 2013 |
The Dysfunctional Relationship between Corporations and Governments Corporate lobbyists pressure governments to keep interest rates low. This means it is less attractive to keep money in ... Read more

50 Year Chart of Stocks, Gold and Treasuries

Jun 26, 2013 |
When it comes to what has been the most consistent and dependable investment for the long run, the clear answer is a diversified stock portolio, which virtually anyone can invest in assuming they have ... Read more

Countries Debt to GDP Ratio Spotlight Japan

May 30, 2013 |
As we look at the various nations that have high debt to gdp ratios, the one that can't be easily overlooked is Japan. As you can see in the chart below, Japan has a ratio of about 230%. Japan has ... Read more

Urban Gardner in South Central LA

May 22, 2013 |
Ron Finley has done some amazing things to help change the way people think about food in South Central LA, and area that has been mired by poverty and gangs in the past. As he puts it, growing your ... Read more

Latest links

Darkess Day of the Year, but Economically Getting Brighter

Dec 21, 2013 |
It’s the shortest day of the year today, and as we look ahead to 2014 there are reasons for a more positive outlook about the economy in America. There are indication that politically the ... Read more

Dysfunctional Relationship between Corporations and Governments

Aug 5, 2013 |
The Dysfunctional Relationship between Corporations and Governments Corporate lobbyists pressure governments to keep interest rates low. This means it is less attractive to keep money in ... Read more

50 Year Chart of Stocks, Gold and Treasuries

Jun 26, 2013 |
When it comes to what has been the most consistent and dependable investment for the long run, the clear answer is a diversified stock portolio, which virtually anyone can invest in assuming they have ... Read more

Countries Debt to GDP Ratio Spotlight Japan

May 30, 2013 |
As we look at the various nations that have high debt to gdp ratios, the one that can't be easily overlooked is Japan. As you can see in the chart below, Japan has a ratio of about 230%. Japan has ... Read more

Urban Gardner in South Central LA

May 22, 2013 |
Ron Finley has done some amazing things to help change the way people think about food in South Central LA, and area that has been mired by poverty and gangs in the past. As he puts it, growing your ... Read more

Greek Debt and Goldman Sachs

Greek Demonstrations

The latest plan to help rescue Greece is not looking so good. It seems the plan has the following prescriptions:
- Raise income tax
- Raise consumption tax
- Decrease government spending
- Lower wages for goverment employees
- Lower benefits for government employees
- Sell assets like airports or parks to raise money

  It seems there is every indication that Greece is merely extending the inevitable which is defaulting on the loans they owe. Worse still, with a growth rate of -6% last year, and about the same so far this year, there is very little hope that the situation can be changed anytime in the next few years. Greece will not be able to pay it's debt.

One story that does not make the news on a regular basis is the involvement of Goldman Sachs in Greek debt. There was a time when Greece wanted to enter into the European Union, but they didn't have their books in order. In comes Goldman Sachs. They talked Greece into trading away proceeds from airport fees and lotteris in exchange for Goldman moving the debt into something that would not be traceable when audited by the EU. So basically Goldman bought off the debt, but also the revenue the government had used in the past to pay for things like pensions and salaries. Read all about it at the NY Times.

It's hard to say for sure how this is going to go down, but once again we may find ourselves in a bailout situation where banks like Goldman risks their livelihood on Greece, and meanwhile received bailout funds and low interest loans from the American tax payer. When are we going to stop giving Wall Street banks preferencial treatment?

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