The Destruction of Inlet Beach
Paul Craig Roberts
Inlet Beach is an old Florida community in Walton County on the Gulf Coast of the panhandle of Florida. The community circa 1950 originated in federal land dispensed via a lottery to WW II veterans. Winners of the lottery received 1.25 acres in exchange for a $50 filing fee and agreement to construct an 800 square foot block house.
Authored by Ron Paul via The Ron Paul Institute for Peace and Prosperity,
Audit the Fed recently took a step closer to becoming law, when it was favorably reported by the House Committee on Oversight and Government Reform. This means the House could vote on the bill at any time. The bill passed by voice vote without any objections, although Fed defenders did launch hysterical attacks on the bill during the debate as well as at a hearing on the bill the previous week.
For months now we've been warning that the great auto 'plateau' is nothing more than a debt-fueled bubble, courtesy of the Fed, that is on the verge of collapse. Of course, bubbles typically get exposed when customer sell-through starts to slow but OEM's go on believing that 10% volume growth is possible in perpetuity...that usually results in inventory growth that looks something like this:
Authored by Howard Kunstler via Kunstler.com,
Authored by David Stockman via The Daily Reckoning blog,
In honor of the Donald’s “Mother of All Bomb” (MOAB) attack on the Hindu Kush mountains Thursday, let me introduce MOAD.
I’m referring to the “Mother of All Debt” crises, of course. The opening round is coming when Washington goes into shutdown mode on April 28, which happens to be Day 100 of the Donald’s reign.