Early Retirement Blog

S&P Credit Rating Agency has downgraded the United States of America from triple AAA to double AA+ with a negative outlook.  After all the economic damage and hardship, they have caused around the globe, It’ is way past time to put these ratings agencies out of business and their executives in jail. The ratings  agencies, [...]

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The U.S. economic outlook is stagflation.  A period of stagnant economic growth with high price inflation. The economic policy of the United States, since the start of the recession in 2008, has been stagflation.  It is ironically, the same policy adopted by Japan, after their real estate credit bubble burst 20 years ago.  It is [...]

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The verdict is in, even before the ink from Obama’s pen has dried on the Debt Ceiling Deal, a complete and utter failure.  The Debt Ceiling deal, which was sold as means to inject confidence into the “market”, has instead caused the stock market to crash.  Why? As economist James Galbraith cogently pointed out in [...]

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In another sign of the coming collapse of the American Empire, the global war on retirement, is now targeting U.S. soldiers.  Admiral Mike Mullen, chairman of the Joint Chiefs, flew all the way to Baghdad, to tell U.S. soldiers in a war zone that their future retirement and health care benefits are FUBAR! From the [...]

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The Debt Ceiling deal will cause a double dip recession.  The Debt Ceiling agreement between President Obama and Congress, reduces both spending and tax revenues, which will cause a shrinking economy to enter into recession. President Obama has either failed to learn from history, or more likely is ignoring history, and is repeating the same  [...]

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I have never witnessed anything like this before.  The President of the United States, Barack Obama,  is intentionally trying to crash global stock markets. From the Wall Street Journal Online: White House chief of staff Bill Daley said  the Obama administration (is) girding for volatility in global financial markets as soon as Sunday evening. “You’ve [...]

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It started over a year ago with retirement riots in Greece, then retirement protests France, followed by a brief pension battle in Wisconsin, and now… Over 750,000 U.K. government workers, mainly teachers, have gone on a massive one day strike to try and save their pensions. The global war on retirement rages on, hitting country [...]

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May Day, May 1st of every year, is the international holiday celebrating workers.  May Day is also the international distress call  for a sinking ship.  An unfortunate, and sadly, ironic coincidence. Workers around the world have almost nothing to celebrate on May 1, 2011.  Or do they? In Athens Greece and Paris France, Madison Wisconsin, [...]

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I am writing this latest gold article from North Beach San Francisco.  Overlooking the site of the great California gold rush and boom of 1849. The famous landmark Trans-America Pyramid shown in the photo above, and a few short blocks from where I live, rests on the spot where thousands of men, and a lesser [...]

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The plan to reduce the U.S. Federal debt, by the so called “Gang of Six” U.S. Senators, is  a plan to gang rape Social Security and Medicare. Strong words? Absolutely,  Apologize? No way! How else to describe the latest Obama led bi-partisan effort, on behalf of Wall Street banks and the wealthy elite, to destroy [...]

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