Is the U.S. dollar doomed?

Only the most naive still believe that we are going to get out of this economic mess without some real pain and consequence.

America's credit rating should be much worse

Peter Schiff hits the nail on the head as to why S&P should have down-graded U.S. debt even more than it did.

The joy of high speed rail in Cali

So, it turns out that it is going to cost a lot more than the cheerleaders told us that it would:

The estimated cost of California's high-speed rail project is rising by billions of dollars.

Environmental impact studies released Tuesday and obtained in advance by The Associated Press put the cost of building the initial segment at anywhere from $10 billion to $13.9 billion.

That's sharply higher than the $7.1 billion estimate from 2009 for the Merced-to-Bakersfield section. Rail board executives say the higher costs include more elevated tracks in the Central Valley and more specific data about property values.

What a surprise. Politicians with the aid of environmentalists sold this "feel good" boondoggle to gullible voters and now we're stuck with footing the bill for decades to come. I wish I could say that there was a lesson learned here but I doubt it.

Hope and Change---HAHAHAHAHA!!

h/t: Captain Capitalism

Enjoy the decline!

Jim Rogers: "Driving down the value of our own money is lunacy."

Police State?

You decide.

Another rat leaving ship

Larry Summers, Christina Romer, and now the guy with the weird name jumps off the pier. I just wish that he could take Jared Bernstein with him.

Bye, bye tax credits

Here's hoping that this starts a trend across the country . There are a plethora of tax credits for so-called "green" alternatives in California that should be eliminated. One of them is for hybrid cars.

No media bias at MSNBC

LOL!! MSNBC is hilarious!

We don't need no mind control

Public education is one of the greatest scams perpetuated on the masses.

He was right.

Peter Schiff is not perfect but he called the economic debacle that was looming quite nicely. This clip is from 2006 which is just a year or so before The Great Recession. Note that the economist sheeple he debates in this clip can't see the forest from the trees.

Private property rights? Bwhahahaha!!

So now our wise overlords what to start restricting how much control we have over our 401K plans, eh? They can't manage the federal budget but they are happy to dip their fat hands into your cookie jar. This latest move should disabuse anyone of the notion that private property rights are, or have ever been, cherished by the powers in Washington.