Arkady's Thoughts

Bernanke today made a rather impressive statement considering the duplicity, where he urged Americans to get a better handle of the deficit while urging foreign powers to get their consumers to spend money.  Duplicity of course lies in understanding that what he is asking of the foreign people to do, is precisely the very same thing that got Americans into trouble in the first place.  Our insatiable appetite for spending outside our means through the systematic creation of debt by the very institution Bernanke governs has run it's course and while the Fed will desperately try to stave off the inevitable, printing money can only go so far before the world realizes the dollar is not worth the cotton it's printed on. "In large part, such action should focus on boosting consumption," Bernanke said. Oh really? So he either truly believes in his ever loving Keynesian mind that consuming is the most righteous path to salvation out of a crushing debt, which makes one of t...

The gift that keeps on giving.  This is a 4 minute blurb of a rather dire warning posed by Lord Christopher Monckton about the upcoming treaty taking place in December and Obama's willingness to sign it.  Essentially it is a world pact to transfer wealth from regions of high climate destruction take place to regions where low climate destruction take place.  In other words we are now going to be penalized for advancing humanity and enriching billions of people's lives on a theory that has yet to get any serious traction outside of scientists within the political sphere.  Lord Monckton is an expert on climate change and the myths perpetrated by the likes of Al Gore and has spent his energy battling what he simply refers to as a great hoax. Framework's Convention of Climate Change document that Monckton refers to.