Tuesday, July 19, 2016

Repeat Performance


Japan has a debt-to-GDP ratio of 280%. China is at 300% debt-to-GDP. China has over $34 trillion of debt, and its banking system is flooded with bad loans. The best estimate is that China banks have $11 trillion of bad loans . That $11 trillion is the annual GDP of China.

In addition, Europe, Latin America, and Russia are in big trouble. Also, you have OPEC in deep financial trouble because of the depressed oil prices. No, I did not leave out the United States. Its economy is bad, national debt-GDP ratio of 104%. However, relatively speaking, its economy is simply the strongest of the weakest, which is one reason why I am bullish on the dollar. Strengthening of the dollar should continue as the sovereign debt crisis unfolds.

Saturday, July 16, 2016

Where is the Hair, Hollande?


"Hollande is a socialist to the core; he claims to hate the rich, yet spends taxpayers’ money like nobody else. He spends $14,500 for haircuts. Sorry, but they charge me $11 for a haircut at “Great Clips,” and I give a $5 tip. I cannot imagine anyone ever spending that much to have their hair done monthly. Only a socialist would spend that much on so little hair."

Tuesday, July 05, 2016

What "Rule of Law?"


FBI Director Comey has presented his findings and Clinton will not be indicted. Please read "18 U.S. Code 793 (f and g)" after reading Comey's findings and ask yourself if we still have a "Rule of Law" here in the United States.