Thursday, Jul 24th

Last update02:13:59 AM GMT

You are here Editorials Bruce Enberg

Bruce Enberg's Commentary

Everything you need to know about economics is in a Pyramid

E-mail Print PDF

On Tuesday we will all turn into pumpkins if the Republican controlled House doesn't pass the Senate budget bill. With this fiscal 'crisis' in mind, let's debunk the favorite talking point from the Conservatives: 'We can't afford that,' or 'we're broke.'  The reality check: the US prints its own money, unlike Greece that's dependent on the German Euro we can print our own, and as much as we need to make the economy work.


All money by definition is printed on something, even gold coins have their value stamped on them. The right-wing gold bugs are just nuts, gold has very little 'real' value. Ask the right-wingers who bought it at $825/oz under Reagan and are still waiting to see a profit. Adjusted for inflation, gold would need to be $2400/oz today for them to just break even, and that's with zero return on their investment.

Last Updated on Friday, 27 September 2013 22:28 Read more...

The HeisEnberg Principle isn't just for physics

E-mail Print PDF

Only one week until the government shutdown because the tea baggers need to be in the spotlight for as long as possible. The thing is, we've been here before. An actual government shut down in the 90s was a disaster for the Republicans which makes seeing Newt Gingrich on the Sunday morning shows acting like an expert statesman all the more hilarious. People forget that he was run out of the Congress by Republicans. And the tea baggers have already tried this fiscal brinksmanship themselves, and failed miserably.

 

This time around Obama isn't even pretending that he give them anything, not even the courtesy of pretending that they are his equals. That has got to so burn under their white sheets and hoods.

 

Last Updated on Monday, 23 September 2013 22:07 Read more...

Ronald Reagan, the bust

E-mail Print PDF

New unemployment claims fell last week to 326,000, a 5 1/2 year low. July's survey of employers showed 162,000 new jobs created, this is about three times the rate of population growth. The odd thing was that 92,000 of these jobs went people 55 and over, with only 15,000 going to prime age workers 25-54. This could be taken as a good sign since workers over 55 have been systematically passed over for jobs since the Bush Crash.

 

Recent college grads got the other 55,000 new jobs. Not that a college education is necessarily worth much in a post-industrial, post-middle class country like the US. Forty percent of the people who make less than $10/hour have some college education. Plenty of young lawyers and engineers work at Best Buy.

 

Last Updated on Tuesday, 06 August 2013 16:04 Read more...

Facing the 'Final Resort'

E-mail Print PDF

The aluminum foil shelter that Wildland Firefighters carry as part of their 50 lb back-country fire kit is intended to be that last resort when the fire is not only gaining on their position but has skipped ahead, and they are trapped with fire coming from all sides.

The physics of this 'last chance' technology are real and can be easily calculated. Hotshot Firefighters drill on this like their very lives depend on it. Any fire is the equation of heat + fuel + oxygen. Heat is temperature of the the available mass either mitigated by high humidity, or greatly boosted by low humidity. Fuel in a forest is a given. Oxygen in the outdoors is a matter of wind speed.

Last Updated on Monday, 01 July 2013 19:45 Read more...

Birds of different feathers chase different bugs

E-mail Print PDF

The markets all tanked again today on ginned up fears that the Federal Reserve is raising interest rates. But it was gold that fell right through the floor losing well over 5% in one day to $1280 per oz.

 

Gold has lost a third of its value from the peak when the Gold Bugs were sending me nasty mail about me advising people to ignore Glenn Beck.

 

This week's new unemployment claims jumped back up again, but they're still not so high as to be a real problem.

 

The big 'scary' news all the 'experts' are cackling about (between chasing June Bugs they predict the sky is falling), the big news is that China's banks are having problems borrowing overnight from each other with rates for single day borrowing going to as high as 25% (annual rate).  China's Central bank is refusing to pump in money, or rather it is just silent, and the 'Chicken Littles are saying this signals the 'end times'. There is of course a more reasonable explanation.

 

Last Updated on Thursday, 20 June 2013 21:41 Read more...

Page 3 of 19

 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!