Treasury International Capital (by Country) – Click Here

It is relatively amazing how, despite the overwhelming evidence that we have a long way to go at least in terms of economic fallout, so many are fooled. Their lack of understanding comes from a failure to recognize that the Fed cannot print prosperity, savings or real capital. We are now paying the price for decades of failed Keynesian economic policies which center around monetary inflation and the general belief that the economy can be ‘managed’ so that recessions never occur. This is pure nonsense.

So while Starbucks and GM continue call ‘bottom’, ask yourselves these questions: If GM believes the bottom is in, then why does it need billions in a taxpayer bailout? Shouldn’t it be able to weather the remnants of the storm since things are about to get so much better? And if Starbucks thought the bottom was in, why aren’t they canceling earlier plans to close 600 stores and the development of that many more?

As is usually the case, actions speak louder than words.

The purpose of this blog is make occasional observations and postings of news articles and brief commentary outside what I normally write about in my weekly work “My Two Cents” and our premium service “The Centsible Investor” Ideally, there will be a couple of contributors who help facilitate some discussion on the more important topics.