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Your Money... Daryl Montgomery 
The Year of Inflation or Depression? 

Daryl Montgomery with PSC On-line...
The Economy.  

2010-02-08 by Daryl Montgomery
U.S. Consumer Credit -
Being Held Up by Government Loans
 
Despite less credit, a loss of income from less employment, and less money available for spending because of increased savings, the U.S. government has been reporting that consumers are spending more. The Consumer Credit figures indicate that it's not the consumer, but the government that's spending more.

Daryl_Montgomery100.jpg PSC Economics & Finance Contributor
Organizer of the New York Investing Meetup Group.
http://investing.meetup.com/21  

2010-02-05 by Daryl Montgomery
U.S. Employment Report:
617,000 Extra Unemployed in 2009 

The Bureau of Labor Statistics (BLS) just revised its figures for 2009 and these now show that there was an extra 617,000 jobs lost in the U.S. economy last year.

2010-02-04 by Daryl Montgomery
Withdrawal of Liquidity
Threatens Second Global Meltdown

The market rally since March 2009 has been based on liquidity and even a small reduction can cause a market drop, a large reduction can cause a crash.


2010-02-03 by Daryl Montgomery
Currency Markets -
California Dreaming is Greek to Me

California is essentially in default and is only being kept afloat by constant cash infusions from a number of federal stimulus programs. It represents a much bigger drain on the U.S. dollar, than Greece does for the euro.  


2010-02-02 by Daryl Montgomery
Gold Rallies Off Support;
Inflation Threat Hasn't Gone Away

Despite a barrage of press coverage during the last several weeks, the threat of inflation hasn't diminished, nor are the world's governments likely to return to fiscal and monetary responsibility for many years into the future.


2010-02-01 by Daryl Montgomery
The 2011 U.S Budget -
Inflationary and Out of Control

The United States has only two ways of paying for its budget deficits. We either borrow the money - almost all of which comes from foreign sources - or we print it.  


2010-01-29 by Daryl Montgomery
U.S. 4th Quarter GDP -
Slower Decline Leads to Growth

Only in the magic world of economic statistics can a slower rate of decline be declared as growth. It was just this sort of Alice in Wonderland logic that led to the U.S. government declaring that its fourth quarter GDP grew at a 5.7% annual rate. This number didn't result from actual economic growth per se, but from a slower rate of decline of inventories. 


2010-01-28 by Daryl Montgomery
The State of the Union for Investors
We live in extraordinary times. The U.S. economy is at risk of veering toward a multi-year depressionary state or experiencing a massive bout of inflation. Based on president Obama's State of the Union address last night, investors should still be worrying about both possibilities.   


2010-01-27 by Daryl Montgomery
Home Sales Fall Expectedly
Instead of spending huge amounts of taxpayer money to support the housing industry, it would be best to let prices adjust to realistic market levels. It was government programs that created the housing bubble in the first place, which in turn led to the Credit Crisis. Home prices went to unsustainable levels based on historical trends.


2010-01-26 by Daryl Montgomery
Consumers Lack Confidence,
They Also Lack Credit

The dismal job picture with 10% unemployment (not including discouraged workers and people forced to work part-time, which brings the U.S. unemployment number to the 17% to 20% level) is only one reason that consumers won't spend.


2010-01-25 by Daryl Montgomery 
The Case Against Reappointing Ben Bernanke
Economics is one of the few professions where incompetence is regularly rewarded. The attempt to keep Ben Bernanke as head of the Federal Reserve for a second term is one of the most glaring examples of this practice - and one that will have serious negative repercussions for the United States going forward.


2010-01-22 by Daryl Montgomery
As U.S. Banks Deteriorate, Obama Proposes New Regulation
In 2009, 140 U.S. banks went under, the largest number since the Savings & Loan Crisis.  


2010-01-21 by Daryl Montgomery
Trouble in the Euro Zone Boosts Dollar,
Lowers Commodities 
The long-term trend however is that fiat currencies are all losing their value and this was already evident by the 1970s.  


2010-01-20 by Daryl Montgomery
Big Bank Earnings Contradict
Economic Recovery Claims
Earnings for the big banks indicate that the U.S. economy is still in severe recession. Their lending operations are still experiencing massive losses and in some cases these have gotten worse than during the bleakest days of the Credit Crisis.


2010-01-19 by Daryl Montgomery (Election Special)

Lessons for Investors from the Massachusetts U.S. Senate Race 
Investors should pay attention to how the markets react the day after the Senate election and to Obama's State of the Union address on January 27th. The market will tell you what it thinks of this turn of events.

2010-01-15 by Daryl Montgomery
Toothless CFTC Tries to Bite Gold and Silver
The CFTC's action is just another government- motivated attempt to prop up the U.S. dollar by trying to hold the price of gold down. It won't work. The CFTC doesn't have the power to make it happen. Prices will eventually have to move to the point that the market dictates, just as they always do. 


2010-01-14 by Daryl Montgomery
2009 Retail Sales Deconstructed
As the retail sales report shows, government money can prop up an ailing sector of the economy, can make the economic numbers look better, and can create inflation, but it can't necessarily buy a recovery.    


2010-01-13 by Daryl Montgomery
A China in a Bull's Shop 
When the U.S. stops borrowing and printing money and raises interest rates substantially, real support for the dollar will exist. Until that happens, the long-term downtrend will continually reassert itself.   


2010-01-12 by Daryl Montgomery
The U.S. Dollar in Early 2010 Trading
We are in an era when all fiat currencies globally are losing their value against gold. Unless something is done to stop this, paper money will eventually get to its intrinsic value, which is zero. 


2010-01-11 by Daryl Montgomery 
Negative Interest Rates Imply Credit Crisis Started Much Earlier
There is more than enough evidence to indicate that a long-term recessionary period actually began in the U.S. in 2000. Manipulated inflation rates and GDP calculations hid the details from the public. The U.S. government, businesses, and consumers lived off ever-increasing borrowing and this made up for declining income. 


2010-01-08 by Daryl Montgomery
U.S. Employment Numbers Indicate More Stimulus Ahead
Unemployment is perhaps the most sticky of political issues and something that politicians watch closely. Their automatic reaction is to spend more money to tackle the problem. First they borrow it, and when the credit lines run out, they print it. 


2010-01-07 by Daryl Montgomery
The Fourth Trading Day of 2010 -
The Message From the Market

The zero or just above interest rate policies of the world's central banks are flooding the global financial system with cash. As long as this continues, global markets and commodities should continue to rally. 


2010-01-06 by Daryl Montgomery
ISM Reports for December Confirm Inflation
Toward the bottom of the report, the following statement can be found: "No commodities were reported down in price". Government stimulus seems to be doing a good job of stimulating prices. 


2010-01-05 by Daryl Montgomery
America’s Other Big Deficit –
More Borrowing Ahead
Everyone knows about the huge U.S. budget deficit and ever-climbing national debt (over $12 trillion at the end of 2009), but much less attention is paid to the Trade Deficit. 


2010-01-04 by Daryl Montgomer
y
Interest Rate Rally Portends Inflation in 2010
The same thing happened in Weimar Germany, with the equivalent cast of characters claiming deflation was a problem - not inflation - right up to the point where prices exploded. There is no reason the script should be different this time. It rarely is.

2009-12-31 by Daryl Montgomery 
Economic & Market Predictions for 2010
Blog Wrap Up for 2009
Commodities Versus Stocks: A Decade Performance Review 


2009-12-29 by Daryl Montgomery 

The Inflation of Art and the Art of Inflation
While the Obama administration is making noises about trying to control the U.S. budget deficit by freezing expenditures or even cutting them by 5%, this is simply an empty symbolic gesture meant to placate America's creditors. 

2009-12-28 by Daryl Montgomery
U.S. Inflation Reports – Contradictions and Absurdities 
Based on the dollar's performance during his tenure (Bernanke), all the Fed has done is watch it go down. Since 2001, the most consistently bullish asset has been inflation-sensitive gold. It will close out 2009 with 9 up years in a row. 


2009-12-27 by Daryl Montgomery
The Upcoming Bailouts in 2010  
The PBGC (Pension Benefit Guaranty Corporation), a government chartered company that insures U.S. pensions, is another operation that is heading toward a bailout. In its 35 years of operation, the PBGC has lost money in 29. 2009-12-25 by Daryl Montgomery


2009-123-26  by Daryl Montgomery 
Subprime Crisis #2 Coming Soon
The FHA is only one of many new bailouts coming. A number of state and local governments are falling deeper into the red. Tax receipts are coming in at even lower levels than anything previously thought possible (chalk this down to another mystery of the supposedly recovering economy). 


2009-12-25 by Daryl Montgomery
New Homes Reveal Old Problems With Government Statistics
If new home sales were rising between April to October as the Commerce Department reported, why are home builders building fewer and fewer homes? That doesn't look like an industry in recovery as the public has been repeatedly told. 


2009-12-24 by Daryl Montgomery
Our Current Economic Illusions 
The real lagging indicator seems to be the truth about what is really going on in the economy.
2009-12-23 by Daryl Montgomery

2009-12-23 by Daryl Montgomery 
When the Invisible Hand is the Government
When that invisible hand becomes the government, you no longer have capitalism, nor do you have efficiency.


2009-12-22 by Daryl Montgomery

GDP Revision Indicates Recession Isn't Over  
There were three major sources of growth in third quarter GDP. In order of importance they were: government stimulus, government stimulus, and government stimulus.
 

2009-12-22
Q&A  Ask Daryl: from Betty H. of Ft. Lauderdale, FL
"I realize the real estate bubble has burst. But why have prices come down so much? Was my house ever really worth that much or was this some kind of joke?" "What's the next bubble so I can hide my cash?" 


2009-12-22 by Daryl Montgomery 
The Three Big Economic Lies of 2009  
The economy is in recovery; Unemployment is a lagging indicator; and Inflation is not a problem. Let's examine why each one of them is not true.


2009-12-17 by Daryl Montgomery
U.S. Plays Shell Game with Bailout Money
Bernanke failed to see the Credit Crisis coming and then when it blew up, he used it as an opportunity for a Fed power grab and a chance to loot the U.S. Treasury and transfer taxpayer money to Wall Street firms.   


2009-12-16 by Daryl Montgomery 
Why Inflation Is and Will Be a Problem 
Central bank easy money policy with excessive government borrowing, backed up by money-printing, is what causes a currency to decline.


2009-12-14 by Daryl Montgomery
Five Reasons That Gold is Going to Rise:
A Response to Nouriel Roubini 
Considering the amount of inflation that history tells us is about to take place, there had better be a free lunch because few people will be able to pay for the real one.


2009-12-12 by Daryl Montgomery
More Gov't Stimulus and More Debt
New job creating stimulus when economy is supposedly in recovery?  


2009-12-12    Q & A for Daryl Montgomery

Q. What is your current take on the economy? 

A. My take on the Credit Crisis is there is going to be more money printing and more money printing and more money printing. The economy has not recovered, only the statistics have recovered (it's easier to 'fix' them than the economy). To keep things going will take a series of stimulus packages and there will be a lot more bailouts coming down the pike. The national debt will go higher and higher. Eventually the whole thing will blow up.  Daryl. 


2009-12-11 by Daryl Montgomery  (Must Read)
Fuzzy Math Doesn't Add Up for
Economic Numbers
It's quite amazing the American consumer can keep buying
cars & trucks despite high unemployment.


2009-12-10  by Daryl Montgomery
The Common Roots of Hyperinflation
The roots of all hyperinflations are govt's not being able to fund their operations. 


Peter_Schiff75.jpg 2009-11-09 by Hard Assets Investor
Peter Schiff: The Government Chose Wrong 
"We're headed that way (runaway inflation) because we're creating too much money."

PetroDollar Warfare and Collapse of US Dollar...
by Charles H. Coppes 

Argentina
by Jeffrey Kuhner, Washington Times 


We are following the "Hopenhagen" NWO treaty,
 Click... Read the treaty here  

Is the
"People's Gold" still at Fort Knox?
If the Gov't took care of it as they did the Strategic Silver Reserve,
then you deserve an answer. Ask The Fed!

Commentary...   Jeff Bruzzo, Jack Kemp, Lloyd Marcus
                                                           Paul Szemanczky & Alex Massa   
 
Gov_Soup_Kitchen416_237.jpg
FDR_Inscription416.jpgThe FDR Legacy
The lines are gone now, replaced with Food Stamp Cards!
 
2010-02-08 by Jack Kemp 
ObamaCare vs. FDR's wheelchair  
Who could be a more iconic figure for Democrats than FDR? But even the initial version of his Washington, DC memorial insulted and dismissed the disabled population. The ObamaCare bill do the same to them - on a daily basis.

2010-02-07 by Paul Szemanczky
Jobs, JOBS, JOBS - Nuts, NUTS, NUTS -
or the Job-Corpse 
Even the most arrogant of all modern dictators would have impatiently torn off the 'masks of deceit' of President Obama by now, could they only encounter him.
 
2010-02-06 by Lloyd Marcus
Ego, Obama's Achilles' Heel 
A classic scenario is evil appearing to be all powerful only to be defeated.
 
2010-02-06 by Alex Massa
Stemming the Red Tide
There was once a time in the world when not every manufactured product was emblazoned with "Made in China" or "Hecho en Mexico" on its underside.
 
2010-02-05 by Jack Kemp
The New York Times
Fascist Economic Analysis
So the Times believed in late March 2009 that Hitler's "stimulus works" (their words) and we can rest assured that Obama's stimulus will work.  

2010-02-04 by Jack Kemp
Target's "Final Solution" 
It looks as if Iran has found allies in its quest to wipe Israel off the map
 
2010-02-03 by Jack Kemp
Israel, Haiti, Gaza and the Left
Even the mainstream media, the handmaiden of the left, cannot ignore the role of Israel in sending two 747s full of rescuers to Haiti and setting up a field hospital.
 
2010-02-02 by Jeff Bruzzo 
Israeli First Responders:
The facts speak for themselves
Commentary on the article,
"Israel’s Disproportionate Response"  
It seems the Israel bashers, here and at the U.N., have been quiet lately on the heroic fact that Israelis have been one of the first responders in Haiti, after the horrific earthquake on January 12, 2010.
Special Edition: MSM at it again! 
 
2010-02-02 by Paul Klenk (LoudCitizen.org) 
Why did a NY Daily News article on O’Keefe disappear and then reappear on its site?
And why has a second false article not been corrected or retracted?  
Some sources are correcting themselves voluntarily, and some after on-air haranguing and corporate reprimands. These include The Washington Post, MSNBC’s David Shuster, Talking Points Memo, CBS News, and the Associated Press.
2010-02-01 by Jack Kemp 
Ethnic profiling, my mother
and the Holocaust denier 
 

This past week was the 65th Anniversary of the liberation of Auschwitz. My mother and her three sisters survived that place. My grandfather did not. 

2010-01-30 by Paul Szemanczky
What is Obama Doing to a
Docile Republican Legislature?
Obama thrives on playing politics and his air of arrogance and his broad plane of lies pervaded even the Republican Retreat meeting in Baltimore (1/29/10) where he continued the same cynical attitude assaulting the Republican legislators present, who had invited him to speak.   

2010-01-28 by Daryl Montgomery (Economics & Finance Special) 
The Twilight of Ben Bernanke 
In truth, Bernanke is one of the most incompetent leaders the Fed has ever had. He failed to see the Credit Crisis coming, he failed to react quickly when it did, and when he did he took questionable actions that benefited Wall Street at the expense of Main Street.  

2010-01-27 by Jeff Bruzzo (The education series)
Education or Indoctrination
(What have we learned?)
The further you look into the idea that education holds the key to controlling the masses, remember one thing: Children are raised from sunrise to sunset in many cases, knowing their school system better than their parents.  

2010-01-26 by Jack kemp 
Moral Relativism
We should ask the "with it," anti-establishment college professors, who believe there is no right and wrong, what would happen if the payroll clerks and computer programmer at their university absconded with the instructors' salaries, and all of their payroll checks bounced. 
2010-01-25 by Jack Kemp
When the Death Tax becomes a Tax on Living Communities
The law is now punishing those people of lesser means who were not meant to be taxed at these progressively higher tax rates.   

2010-01-23 by Alexander Massa
The Great American Disarmament   
"We can't be so fixated on our desire to preserve the rights of ordinary Americans."
- President William Jefferson Clinton, quoted in USA Today, on March 11, 1993

Now is the moment to press him Back, till he feels the tremendous backlash not just from MA, but from all the states where he has tried to ram his legislation...  

2010-01-20 by Jeff Bruzzo
Let's focus on cleaning the progressive socialists out of both parties and replace them with people who hold our constitutional values and our morals. 
 
SEIU plugs video slamming Brown's pro-life stance
Slams "Extremest" Palin as well.  Click: See Video   

2010-01-17 by Paul Szemanczky
MEETING OF THE MINDS:

(Deadline: LAST WEEK, E-'RUPTERS NEWS')

Citizens Of Massachusetts: Like Adolf Hitler, President Obama has shown favoritism to a special interest group, a tax in the Obama Healthcare bill that won't apply to high-end Democratic unions which support his Party. 

2010-01-14 by Jack Kemp
The only thing that approaches a silver lining to this story is that some Americans are getting to see how their grandparents struggled and lived on a budget and did without. 

2010-01-13 by Alex Massa (Guest)
Unless we reverse this trend, we are in store for more popularity contests masquerading as legitimate elections in the future.  

2010-01-12 by Jack Kemp
My small Experience with Arab Relations and Negotiations 
I believe that this type of Islamist "magic thinking" drives their behaviors all over the world and the only way to disabuse them of this is to prove them wrong - often by force. If the rest of us do not want to face this reality, then we are the ones, like James Baker, who are guilty of magic thinking. 

2010-01-11 by Jeff Bruzzo
Some of us are shaped by being part of that history, allowing us to have an extraordinary sense about what is going on today. This is my story, never before told, known only by myself and family (until now).

2010-01-10 by Paul Szemanczky
The Obama White House -

Wannsee Conf. (1/20/42) - A Dual Arrogance

71% of the US citizenry polled believe Soldier of Islam bomber Umar Abdulmutallab, the 23-year-old Nigerian who almost destroyed in-flight, a Northwest passenger jet, on Christmas day over Detroit, should NOT be tried in a criminal court as a WMD Jihadist. 

2010-01-08 by Jack Kemp
The US government, in forcing Germany to pay reparations to the Jews, did not make it a multi-generational legacy, like a family that might own the patents to air conditioning or Jell-o or (famously) the Webster's Dictionary. The Democrats bemoan the not-consumed-by-taxes inheritance that Paris Hilton lives on, but they wish to create an inheritance for people far removed from slavery. 

2010-01-07 by Jeff Bruzzo
The all-knowing planetary scientist, Al Gore, compares facts on
Earth vs. Venus.
Video:  Al Gore Sculpture  

2010-01-06  Dodd Drops Out! This thieving Progressive loser sealed his fate!  
Peter Schiff  running ahead in the polls against Dodd or whatever other loser the Progressives put up.   

2010-01-06 by Alex Massa (Guest)
Unfortunately, many well-meaning individuals become entranced by the Marxist propaganda of free this and free that for everyone. They fall victim to the intoxicating themes of free housing, free food, and free medical care, despite the fact that they will never see such things, as they only exist in a utopia not found anywhere on Earth. 
2010-01-05 by Jack Kemp
I believe the government term "Man Caused Disaster" is more fitting for this situation above than any scenario involving bombs and buildings and airplanes. 

2010-01-04 by Alex Massa (Guest)
It seems that in modern day America, Marx's dictum, that religion was the opiate of the masses, does not hold true. Rather, it seems that professional sports have become the opiate of the masses; an escape from reality, if you will. 

2010-01-03 by Jeff Bruzzo
Is it a conspiracy that Obama has signed off on “seemingly” harmless restrictions, originally limiting Interpol’s operating status on U.S. soil? Have the theory pundits given their marching orders... 
 
Dopehagen & Law Of  Sea Treaty next?  
U.S. Sovereignty in Peril?  If no cause for alarm, why do it?
Judging by Oba-Mao's penchant for trampling everything Constitutional,
this deserves close watching. 

It seems that the Real World is closing in on the New York Times.        

It appears Oba-Mao, Holder, & Napolitano are determined to give these freaks their circus.
(Will it be their "sword of Damacles"?)
 
2009-12-31 by Paul Szemanczky
"He who governs should possess energy without fanaticism, principles without demagogy, severity without cruelty; he must neither be weak nor vacillating, nor so to express it, must he be ashamed to do his duty." - Napoleon Bonaparte 

2009-12-30 by Jack Kemp

Obama and Atty. Gen. Holder’s contribution to the Detroit air terrorist
Besides Atty. Gen. Holder’s working for a law firm that defended Guantanamo terrorists, the decision to hold the trial of the five Guantanamo terrorists in New York City was the inspiration of the terroristic attempt in the skies over Detroit.

2009-12-29
 DHS Guru... Janet Napolitano: "The system worked"  
uh... no it failed!
Video:  Napolitano on Today Show  by Politico.com
(God help us with these Idiots in charge!)  

2009-12-28 by Jack Kemp
ObamaAir vs. El Al in Amsterdam and Israel
I believe the Israelis - and the Dutch of 1972 - understood the world as it was and is, not as they hoped it could be. 

2009-12-28 by Paul Szemanczky 
"We didn't ask for anything special," said David Heineman (R), Governor of Nebraska.  His rejection of this gratuity was a slap in the face to Nebraskan Senator (D) Ben Nelson ...who was promised this $100 Million earmark-bribe for his infamous '60th' vote 
2009-12-26 by Jeff Bruzzo
Instead of running over Israeli Border Guards (Jerusalem Post 12/25/09), we should be asking them what we can do to stop it…

2009-12-26 by Geert Wilders
Chairman of the Netherlands Party for Freedom
The U.S. as the last bastion of Western Civilization facing an
Islamic Europe.
Excerpt from a speech at the Four Seasons, NY, Sept. 25, 2008 

2009-12-25 by Jack Kemp
Santa_Hat50_50.bmpNewsday, a Long Island news daily, informs us that a Commack, L.I., school bus driver named Kenneth Mott, who has a white beard and bears more than a passing resemblance to St. Nicholas was ordered to remove his Santa Claus hat. 

2009-12-22 by Jack Kemp
What happened when the Israeli government imprisoned the founder of Hamas in a prison near a major highway junction north of Tel Aviv? 

2009-12-23 by Paul Szemanczky
A rising motif that cannot withstand the torque and un-relinquished screw hold of Congress, Harry Reid, and the planarian Pelosi. 

2009-12-21 by Jack Kemp
It is the attempt to brainwash our kids into being eco-freak global warming advocates based on false science data... 

2009-12-21 by Paul Szemanczky
"The most foolish mistake we could possibly make would be to allow the subject races to possess arms." Adolf Hitler 
Nelson Takes Bribe:
The Transformation of America Marches On!  

2009-12-16 by Jack Kemp
Feds Now Want Second Terror Trial in Brooklyn Apparently the administration feels it hasn't tortured new Yorkers enough.. 

2009-12-15 by Jeff Bruzzo
Basic economics... nations become great because of their ability to manufacture...         


KSM_6040.jpgThis walking "birds nest" will be drivivng a NYC cab if Progressive Holder has his way!

Socialism:  Eventually you run out of other people's money. 
... then you print more! 
Education:  A gov't education system is incompatible with
the values of a free society.  Eventually one must go.  

2009-12-14 by Paul Szemanczky

2009-12-12 by Jack Kemp
Bill Clinton went on record in 2007 stating he should pay more taxes. 

2009-12-10 by Jeff Bruzzo
After enduring 5 years of this PC nonsense, enter apologizer-in-Chief, Obama.  

2009-12-09 by Jack kemp
... a clothing retailer with only a crypto-Christmas display

2009-12-06 by Jill B. 
If your an Obama supporter... still, and you happen onto this
article..  How's that Hope & Change working out for you?  


2009-12-08 by Toni DelVecchio
We are civilian soldiers fighting the battle of a lifetime. 

2009-12-03 by Paul Szemanczky
Pres. Putz-The Obama is making a fiscal mockery of assuring American businesses. 

2009-12-02 by Jack Kemp
The next time someone brings up Al Queda prisoner rights, tell them the harsh truth. 

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