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Money Morning reader Wilson sent your editor a shocking video yesterday.
So shocking we could barely believe it was true. We even thought that maybe some nerdy tech wizard had dubbed the video.
But no, it appears to be the genuine article. Here’s what shocked your editor so much, and why it’s proof that you must never trust what you hear from the mainstream…
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We’ve written for some time about what a waste of space the Federal government.
How it just sucks the life out of the private sector in order to fill the pockets of interfering and power-crazed bureaucrats.
Yet we’ve been told by all and sundry that a strong government is important, nay, crucial for the stability of both the economy and society. Without it, the argument goes, there would be anarchy in the streets.
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We’ll stay on the theme of Japan for today. And we may even stay on a similar subject for tomorrow after we heard this quote, “All the signs look like we’re [the US] going to follow the Japanese scenario.”
But more on that – perhaps – tomorrow.
Until then, we had to laugh. Yesterday’s Wall Street Journal wrote, “Japan’s government offered a modest stimulus package Monday and the central bank took steps aimed at curbing the rising yen…”
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Having read through US Federal Reserve chairman Ben Bernanke’s speech at Jackson Hole, Wyoming over the weekend we can only come to two conclusions.
Either Mr. Bernanke is stark raving mad and should be sent to a nut farm immediately. Or, he should be carted off to The Hague to face charges of crimes against humanity.
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“I’ve seen the doc and he says I have gastro. He’s suggested I take tomorrow off as well, which I hope is okay. But because I’ve been so crook I haven’t been able to do anything for Money Weekend.”
That was the email that greeted your editor this morning from assistant editor Shae Smith.
Quick as a flash we fired back a response:
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