Ben Bernanke’s False Analogy

photo credit: zen The Financial Sector: “A House Burning Down” Prof. Michael Hudson March 16, 2009 Global Research www.michael-hudson.com/ On the March 15 CBS show “60 Minutes”, Federal Reserve Chairman Ben Bernanke used a false analogy already...

Chinese local government liquidity issues

photo credit: le niners Whilst we’re looking at China and the fascinating powerplays of the economic superpowers, we read today that many of China’s local governments are struggling to avoid bankruptcy. It turns out that local governments have been...

Chinese T-Bill diversification plan

photo credit: BK59 Chinese concern over it’s status as the ‘T-Bill Republic’ is leading to a diversification tactic that could well assist us in our aim for the public to share in the spoils of our natural resources. Wenran Jiang writes in Online...

More budgetary distortions

photo credit: night86mare Fred Harrison will be proven correct with his apt title Boom-Bust 2010. With the Brumby government stepping up to the plate by offering further gravvy to the property lobby train with the $6000 increase in their First Home Owners grant,...

Swan Budgetary commentary

photo credit: atzu We are preparing a booming Renegade Economists radio show this afternoon with none other than Dr Gavin Putland critiquing the budget. The sad thing about the lack of knowledge between infrastructure and land values is that the Ruddites look like...