The crisis is just beneath the surface. It will burst out unannounced. There is no white knight. All layers of public economic activity are bankrupt and funding has almost entirely dried up and will be more-and-more so as time moves on. More and more government restrictions will be in evidence. A short discussion of the Fed with Ben Swann of Reality Check. More on the housing market. There is simply not the ready buying power available to support an ongoing rally in house prices. The new FATCA act in all its absurdity. An account of the economy as viewed from a bullish perspective. A quick comment on whether (or why) we need a central bank. (We don’t). LIBOR is a giant red herring. A flying school owned by an illegal alien and sporting 25 students – all illegal aliens themselves. Thanks for nothing, TSA!