Bernanke: ‘It’s Entirely Unfair’ to Blame Us for Rising Food Prices

Yesterday at the National Press Club, Fed Chairman Ben Bernanke delivered a lengthy sermon justifying his grand strategy for the US economic recovery.  In his discourse, the Chairman made it abundantly clear that, in his view, it was unfair to label Fed monetary policy as the cause of global increases in commodities prices, an issue [...]

Tweeting Around Egypt’s Web Blackout: Meet John Scott-Railton

The Egyptian government may have blocked Egyptians’ access to the Internet, but it couldn’t block the Internet itself. Thanks to the likes of John Scott-Railton, voices of countless Egyptian protesters continue to wend through the web.
Once the government imposed muzzling began, the 27-year-old UCLA graduate student reached out to friends in Egypt by telephone, gathered [...]

Lt. Gen. Sami Enan: Could he Be Mubarak’s replacement?

Lt. General Sami Enan is the chief of staff of the Egyptian Armed Forces.

Reuters is reporting that the “Egypt general could be new leader-Islamist “:
Enan could be an acceptable successor to Hosni Mubarak because he is perceived as incorruptible, a member of the banned Muslim Brotherhood said on Tuesday.
Egyptian Muslim cleric Kamel Al Helbawi, a [...]

What Will Obama Do if Egyptian-Style Crisis, Unrest and Revolt Hits America?

Barack Obama and the U.S. government have called for a “peaceful transition” in Egypt, in response to massive protests, riots and escalating anarchy. But I wonder if President Obama is taking notes? I wonder if he realizes just how close America is to facing a similar crisis that could result in riots, revolt in the [...]

The Government Bubble: Crisis in Egypt Reveals Positions of Power

We are navigating through truly uncharted political and economic territory.  Members of the financial cognoscenti have freshly alluded to the notion of the ‘government bubble’ as the next blow to the world economic order.

Since 2008 we have seen the housing, financial, and insurance markets hit on a global level, one after the other.  At one [...]

Internet Kill Switch – Never Let a Crisis Go to Waste: Egypt Today, USA Tomorrow

Our Capitol Hill Insider Elizabeth Letchworth is keeping us up to date with Congress’ attempts to give the President an Internet kill switch.  Tea Party Nation’s Judson Phillips is warning against it.  From the Honorable Elizabeth Letchworth of GradeGov.com:
“The Senate Leader introduced this bill as a placeholder for the 112th Congress. He wants to use [...]

Fed Policy Burns Down the Middle East, Who’s Next?

Chairman of the Federal Reserve Ben Bernanke launched a second round of Quantitative Easing (QE2) in October, following over a year of growth in the economy at a robust rate of over 3%. Most analysts pooh-poohed QE2 as an insufficient economic stimulus to create enough inflation to reduce unemployment. I warned that QE2 [...]