“People will start to abandon the dollar as current and past economic policies create a steep rise in interest rates,” Mr Paul says.
a major rebound in the energy industry in particular, led by the oils. We have entered the greatest industrial retooling since the Second World War. Everyone now knows that the USA must lead the world in shifting out of the oil paradigm to the alte
Spain's Prince Felipe and his wife, Princess Letizia, visited New York and Washington on an unusual mission for one of Europe's most glamorous celebrity couples: to drum up business for Spanish companies from the U.S. economic stimulus packag
Even though he was almost a member of the new Obama administration, Sen. Gregg (R-NH) slammed President Obama’s approach to handling the country’s fiscal outlook. “The practical implications of this is bankruptcy for the United States,” Gregg said
Singer Lloyd Marcus told the crowd assembled in Lake Eola Park he was going to give them his take on the first days of the Obama administration. Then he shrieked. That pretty much summed up the mood in the park Saturday afternoon, when more than 4,00
Most people would agree that the government giving gifts to a small number of corporations is wrong. It falls outside the powers and thus the rights of the US federal government, and thus it is also unconstitutional, for those who think there’s any v
Before the stimulus bill passed, I asked for states not to be bailed out. After it was signed into law, I said that a state bailout would create more problems than it solved, and that we shouldn't spend money we don't have. That debate was lo
As a bartender and trainer at a national restaurant chain, Rebecca Brown earned a couple thousand dollars in a really good week. Now, as a dancer at Chicago's Pink Monkey gentleman's club, she makes almost that much in one good night.
A key US House committee chair said employee bonus programs at Fannie Mae and Freddie Mac should be halted, while the regulator who oversees the 2 government-controlled housing finance companies defended the programs.
Washington Mutual's holding company is suing federal regulators for billions of dollars, saying the firesale of the bank's assets to JPMorgan Chase violated its rights.
The Treasury Department is expected to unveil early next week its long-delayed plan to buy as much as $1 trillion in troubled mortgages and related assets from financial institutions, according to people close to the talks.
WASHINGTON (AP) -- Federal regulators on Friday seized control of two large institutions that provide wholesale financing for U.S. credit unions, a move they say was needed to stabilize the credit union system.
Federal Reserve Chairman Ben Bernanke said the Fed's buying of longer-dated U.S. Treasuries would "taper off" when the economy no longer needed help, allowing the Fed to cease its emergency support. [nice]
Former U.S. Federal Reserve Chairman Alan Greenspan said U.S. bank lending will not return to normal without a big injection of public or private capital. "The restoration of normal bank lending by U.S. banks will require a very large capital in
California's unemployment rate increased to 10.5% in February from 10.1% in January as the most populous state's economy worsened, official data showed. California's February jobless rate far exceeded both the state's 6.2% rate a year
Banking regulators have observed that "poorly designed compensation policies can create perverse incentives that can ultimately jeopardize the health of the banking organization," Bernanke told a meeting of smaller "community" ban
The United States needs a safer way to shut down large nonbank financial firms without destabilizing the entire financial system, Federal Reserve Chairman Ben Bernanke said.
76-minute video of keynote speech by Peter Schiff at the 2009 annual Austrian Scholars Conference at the Ludwig von Mises Institute in Auburn, Alabama.
Mainstream hit piece trying to convince you that paper dollars are better.
The US budget deficit for the current year will top $1.8 trillion under the latest estimates produced by congressional economists. The latest figures would shatter the previous record for a federal shortfall of $459 billion, set just last year.
The purpose Montana House Bill 639 is to begin to reassert Article I Section 10 of the United States Constitution: “No State shall... coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts”.
Just re-elected Sen. Chris Dodd (D-CN) admitted on CNN that he inserted a loophole in the stimulus legislation that allowed million-dollar bonuses to insurance giant AIG to go forward – after previously denying any involvement in writing the provisio
Continued claims are now at 5.473 million - the all time record...
Lost in the shouting over the $165 million in bonuses paid to executives of insurer American International Group was this sober message delivered to Congress by a government watchdog: AIG's inability repay its $170 billion in loans
"These moving vans represent a solid value," O'Loughlin noted. "U-Haul trucks feature lightweight, rust-resistant van bodies and were designed to securely hold and transport precious cargo."
U.S. mortgage applications surged in the latest week, driven by a spike in demand for refinancing as the average rate on 30-year fixed-rate home loans fell, the Mortgage Bankers Association said. Refinancing applications jumped 30 percent in the week
Consumer prices rose in February by the largest amount in seven months as gasoline prices surged again and clothing costs jumped the most in nearly two decades. The recession was expected to dampen any inflation pressures for at least the rest of thi
Why all the sudden outrage over bonuses paid with taxpayer dollars? Here's a list of federal employee bonuses, they just call them “awards”.
Mortgage giant Freddie Mac lost $50 billion in 2008 alone. A look at the company's books suggests the government will have to spend at least triple that much to save the financial firm from collapse. If the housing market worsens, the tab could b
Guaranteeing health insurance for all Americans may cost about $1.5 trillion over the next decade, health experts say. That's more than double the $634 billion 'down payment' President Barack Obama set aside for health reform in his budge