I would add that even keeping your cash in a bank exposes you to the counterparty risks of your bank being closed down AND the possible defaulting of the FDIC. The possibility of the latter would have been completely dismissed even a year ago. Anyo
I was recently thinking about what has transpired in this country in the past decade: first the equity bubble, then the real estate/credit bubble and the steady debasement of the dollar (where a trickle of trouble threatens to turn into a flood).
Let’s say that we were fully successful in getting rid of the state; then what? What do we do after the celebration party? Whatever we would do after the celebration ends is what we should be doing now.
The Department of Justice has finally admitted it in court papers: The nation’s telecom companies are an arm of the government — at least when it comes to secret spying.
Fortunately, a judge says that relationship isn’t enough to squash a rights
RT contributor and investigative journalist Wayne Madsen reports that scientists researching the Spanish flu epidemic from 1918 may have intentionally or accidentally manipulated genetic material to create the H1N1 virus that exists today.
A proposed tax on high-cost, or “Cadillac,” health insurance plans has touched off a fierce clash between the Senate and the House as they wrestle over how to pay for legislation that would provide health benefits to millions of uninsured Americans.
Activist Kurt Hoffman was sentenced for 6 months in jail for hurting a Judge's ego. He was then attacked behind closed doors and taken to the hospital. Demonstrators hold a candle light visual in front of attacking cop's house angering him. Also Auct
Gold rose to a record in London and New York on speculation that a weakening dollar and faster inflation will boost the appeal of precious metals. Platinum and palladium climbed to the highest price in more than a year and silver advanced to its cost
Currencies that have the lack of support of petroleum, metals, and have a liberal central bank posture toward printing money are currencies that will continue to be punished,” said Peter Kenny, managing director in institutional sales at Knight Equit
Confidential negotiations on how to implement the Lisbon Treaty have produced proposals to allow the EU to negotiate treaties and even open embassies across the world.
A letter conferring a full "legal personality" for the Union has been drafted i
In its search for fugitives, the FBI has begun using facial-recognition technology on millions of motorists, comparing driver's license photos with pictures of convicts in a high-tech analysis of chin widths and nose sizes.
If George Soros isn’t the world’s preeminent “malignant messianic narcissist,” he’ll do until the real thing comes along. Move over, Hitler, Stalin, Mao, and Pol Pot. There’s a new kid on the block.
So, even before Katrina, even before our interview, the professor was in hot water. Van Heerden was told by University officials that his complaints jeopardized funding from the Bush Administration. They tried to gag him. He didn't care: he ripped
The political lobby for protectionism is naturally capricious. Thus we have had the economic insanity of the lumber battle which was paid for by American home buyers. It cost the American lumber industry little more than chump change to keep the war
President Obama announced in March that he would be sending 21,000 additional troops to Afghanistan. But in an unannounced move, the White House has also authorized -- and the Pentagon is deploying -- at least 13,000 troops beyond that number, accord
For years, the country's makeshift network of payday lenders and check cashers has operated with little competition or federal regulation. But as the financial crisis sparks a new wave of consumer protections, lawmakers and the private sector alike a
The Obama administration is taking on Cheerios. And popular cold remedies and swimming pool drains and rhinestones on children's clothing. A handful of Obama appointees have been quietly exercising their power over the trappings of daily life. They a
AKRON, Ohio, Oct. 12 /PRNewswire-USNewswire/ -- DownsizeDC.org, the creators
of the Read the Bills Act, which inspired a movement, say that a proposed
72-hour rule, permitting the public to see legislation before Congress votes,
is "worthless." Bu
Catherine was standing outside of a courtroom repeatedly mentioning how the citizens should not be forced to stand in the cold at a public office when a police officer told her to either shut up or go to jail and mentioned that she needed to be on a
No one is immune from cyberthreats, not even the head of the FBI.
FBI Director Robert Mueller was banned by his wife from doing online banking after he nearly fell for a phishing scam, he said on Wednesday during a talk at the Commonwealth Club of
The suburban Chicago cop who was caught on video beating a 15-year-old student for refusing to tuck his shirt last May is being accused of raping a woman while holding a pillow over her face.
He also killed his ex-wife’s new husband last year by s
Welcome to the $8/hour job recovery. You can get an engineer, a pilot, a software programmer, an agriculturalist, just about anything or anybody for $8/hour these days. -ED
Its fiscal year coming to an end, Goldman Sachs (NYSE:GS) is about to post record annual profits less than a year after the peak of the credit crisis. It is as if almost nothing had happened. The bank’s trading desks and fixed income operations were
This is the story we’ve been telling here at The Daily Reckoning for two years. Americans have to cut back. They are out of time and out of money. Ten years closer to retirement than they were in before the tech stock crash, Baby Boomers are not a pe
Bill HB 492 http://tinyurl.com/yzp9u4h
Emergency Health Powers and Procedures - authorizes on the basis of one man's opinion - the governor - forced medical examinations, forced isolations and quarantines, forced relocations, prohibitions of firearm
Householders could be fined £1,000 if they throw food scraps and potato peelings into the dustbin under a Government 'zero waste' policy.
They will be forced to sift through their rubbish for anything that can be recycled, reused, rotted or burnt fo