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PSC Online...
Video Spot light
Progressive Indoctrination (Education Series)
John Dewy was the father of modern education, a communist, and a humanist bent on one-world philosophy.
Read more about this at www.christainparents.com
Your Money... Daryl Montgomery
The Year of Inflation or Depression?
2010-03-11 by Daryl Montgomery
The Economy's House of Cards
The ultimate nightmare ending of a housing collapse in a bad economy can be seen in Detroit today. The mayor of Detroit has just suggested bulldozing up to a quarter of the city. In some areas only one or two buildings are occupied per block.
 PSC Economics & Finance Contributor
Organizer of the New York Investing Meetup Group.
http://investing.meetup.com/21
2010-03-10 by Daryl Montgomery
Nova Gold, the Gold Market and the Euro
The average investor would have trouble realizing that Soros is bullish on gold because of mainstream media reports misrepresenting his outlook. The press reported that Soros stated the gold was in the ultimate bubble, instead of would be in the ultimate bubble because of governments engaging in excess spending and money printing globally.
2010-03-09 by Daryl Montgomery
Watch What China Does and Not What It Says
Talk is cheap and most governments will say whatever they have to in order to implement their plans. The mainstream media dutifully reports whatever is said. Unfortunately, they are not very diligent in reporting on what is actually done. That is really the only news that matters and sometimes the only place you can find it is in the blogosphere.
2010-03-08 by Daryl Montgomery
Stocks Experience Irrational Exuberance
on Employment Report
U.S. stocks rallied strongly on Friday because of the February employment report. In what could only be described as the latest episode of the emperor has no clothes, or more appropriately the emperor's people have no jobs, the Dow Jones was up 122 points
2010-03-05 by Daryl Montgomery
Census Hiring Used to Manipulate
U.S. Employment Numbers
Regardless of where the census workers are being hidden in the statistics, their jobs are temporary and should completely disappear by the fall. U.S unemployment will increase by 1.2 million when that happens. It's not clear where the U.S. will get the jobs to make up for the loss.
010-03-04 by Daryl Montgomery (Must Read News!)
Feds Probe Hedge Funds
in Euro Collusion Plot
According to the Wall Street Journal, the Justice Department has launched an investigation into whether hedge funds colluded to drive down the value of the euro.
2010-03-03 by Daryl Montgomery
A Snapshot of the Energy Markets
All are affected by greater supply demand factors or government action and these can occasionally be more important than seasonal trends.
2010-03-02 by Daryl Montgomery
The Outlook for U.S. Treasuries
When the Fed is talking out of both sides of its mouth, investors should pay attention to what it is doing and ignore what it is saying.
2010-03-01 by Daryl Montgomery
Greek Crisis Impacts World Currencies
and Gold
News out on March 1st indicates that France and Germany would be willing to buy $41 billion in Greek government bonds to prevent a default. This is not the first scheme to be reported for a proposed bail out of Greece and it probably won't be the last.
2010-02-26 by Daryl Montgomery
The Impossible Contradictions
of U.S. Consumer Spending
The recent GDP figures indicate that this mystery can be explained by a huge drop in personal tax payments in 2009. (More)
2010-02-25 by Daryl Montgomery
U.S. Economy Continues to Deteriorate
Despite 'Recovery'
Despite the onslaught of negative data, mainstream economists continue to echo the official U.S. government view that "the recovery is still on track".
2010-02-24 by Daryl Montgomery
New York State Comptroller's
Wall Street Bonus Update
If you screwed up at work and almost drove your company out of business would you get a big cash reward for doing so? Yet, the perpetrators of the biggest financial collapse in history were richly rewarded for their efforts.
2010-02-22 by Daryl Montgomery
Greece's Statistical Lies -
Are the Numbers Any Better in the U.S.?
The only difference between Greece's blatant manipulation and falsification of its government statistics and what takes place in a number of other countries is that Greece got caught.
2010-02-19 by Daryl Montgomery
Fed Sends a Message With Discount Rate Hike
Fed Chair Bernanke has been saying the U.S. banking system was fixed for many months now. If that is the case, why has he waited so long to get the Fed's operations back to the way they have been historically when there is no crisis?
2010-02-18 by Daryl Montgomery
Gold Down on IMF Sales,
Then Up on Inflation
Gold is moving from Europe to Asia and this is a reflection of a greater movement of wealth moving from one continent to another. Gold sales will become less important to the market over time, while inflation is going to become more important.
2010-02-17 by Daryl Montgomery
The U.S. Imports Inflation
In the last month, central banks have indicated they are starting to worry about inflation - China increased required bank reserves twice, the U.S. Fed halted five Credit Crisis liquidity programs and the Bank of England paused its quantitative easing (read money printing) program.
2010-02-16 by Daryl Montgomery
China is Selling its U.S. Bond Holdings
Chinese lending to the U.S. government was a key source of funding to support the U.S. spending spree in the first decade of the 2000s.
2010-02-12 by Daryl Montgomery
China Worries About Inflation,
The EU Needs to Worry About Growth
Food inflation is a particular danger for the Chinese and too much of it can risk political destabilization. Food prices are already rising in many parts of the world and reached over 19% in next-door India at one point in December.
2010-02-11 by Daryl Montgomery
World Economic Leaders Need IQ Bailout
There are few things investors can count on during our current era of financial turmoil. One of them is the unerring obliviousness and incompetence of the world's elected leaders and central banks.
2010-02-10 by Daryl Montgomery
Economists and Governments
Pave the Way for Global Inflation
Money printing erodes the value of a currency and governments that engage in it are acting dishonestly since it is essentially legalized counterfeiting.
2010-02-09 by Daryl Montgomery (International News)
Will EU Accept Greece's Trojan Horse of Debt?
Whatever happens however will only be at best a temporary solution that will delay the day of reckoning for the global financial system.
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.
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 Montgomery
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.
 2009-11-09 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!
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