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by on March 5, 2013 in Economy, Featured


Welcome back to AMTV News, I’m your anchor Topher Morrison.  It’s Tuesday, March 5, 2013.




The idea behind drugs is simple.  The contentment you and I achieve by through industry, prudence, and thrift others can achieve through short cuts.  With drugs like bailouts, zero interest rate policies and quantitative easing the well connected achieve euphoria – a cheap and unsustainable substitute for contentment, but that’s our economy.  The fact our markets are floating on an ocean of manufactured liquidity is not news; the news will be how it is unloaded.

The Christian Science Monitor reported federal tax revenue could reach $2.4 trillion, the highest in U.S. history.  This year it seems odd because the CBO predicts tax revenue will be roughly 16% of GDP, but since 1973 the average is 18% of GDP and considering growth has been anemic, I’m not great at math, but why so high?  Could it all be a result of Ben Bernanke’s salubrious syringe!?

Some, nay many suggest, there is nothing in the “data” that shows inflation or asset bubbles, however, all one needs to do is look at the stock market compare its all time highs with how it compares with unadulterated sound money, add in the skyrocketing cost of other, albeit tempermental, but well-established indicators – you know gas (as high as $6 in some areas) – and you start to realize there are a few more holes in “remain calm, the economy is in great shape” narrative.

Speaking of holes… Business Insider reported the Fed is preparing for a PR nightmare.  Like I said, as The Fed unloads its balance sheet and when the ZIRP fever has subsided and a recessionary malady known as high interest rates and lower remittences to the Treasury now at nearly $100bn per year, takes its place – where will the economy and our trust be then?

Lance Roberts of Street Talk Live had this to say:

“Since Q4 of 2008 the real economy has grown…over the last four years [by] $193 billion per year or roughly about a 1.5% growth rate.  During this same period, the Fed has injected roughly $5 for each dollars’ worth of economic growth. This cold hardly be considered a great return on investment.”

That’s how dependent we are.  Unemployment isn’t expected to broach 6% until 2017!  It’s why the drug analogy is apropos!  It’s not meant for main street America, it’s a designer drug merely for large banks hauling in record profits all the while facilitating the corporate merger bonanza in the attempt by the next crisis to ring everyone together into the world’s largest daisy chain of “Too Big to Fail” life rafts.  Ok Ok, that was extreme!  Maybe.

Bottom line is our markets are saturated.  They are totally disconnected from the fundamentals of the economy.  As Elizabeth Warren has effectively pointed out, there is zero accountability and not only are these banks and financial institutions evidently too big to fail their too big to grow our economy.  Unfortunately our savers and our children are picking up the tab.

Capturing every corner of alternative media watch AMTV News Monday – Friday.  Follow me on Twitter and like us on Facebook using the links below and find our in sourced links and more videos like these visit AMTVMedia.com part of the AMTV Network – The Voice of Independents. 


Topher Morrison is the editor and a regular contributor at GreeneWave and creator of his own blog at PurpleSerf.com. He holds B.A.s in Political Science and Philosophy from Arizona State University. Follow him on Twitter, Facebook and YouTube.

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