April 27, 2010
On Lloyd Blankfein Of Goldman Sachs
While listening to the Chief Executive Officer and Chairman of Goldman Sachs, Lloyd Blankfein, testify before a senate panel today it became apparent that I have never seen anyone so obviously obfuscate, prevaricate and outright lie before a congressional hearing.
April 15, 2010
Hyper-Inflation Is At Our Doorstep
Our economic situation is really no laughing matter. This Congress is spending and the Federal Reserve is printing money just as fast as they can. Right now the largest bank note generally in use in the United States is one hundred dollars. If they keep printing money at the current rate, and sooner than you think, our largest note will have to increase substantially or we will need a wheelbarrel full of money just to buy a loaf of bread. Just ask the people of Zimbabwe what hyper-inflation is like.
Here is a bank note for one hundred trillion dollars currently in use in Zimbabwe (courtesy of capitalistpig.com):