Obama inherited a crisis, to be sure, but he has made it much worse. President Barack Obama may be remembered for permanent depression, the way that Leon Trotsky's name is linked with permanent revolution. Fiscal stimulus combined with near-zero inte
But when they have full knowledge of an impending disaster … they have proof of its inevitability in ANY scenario … and they so declare in their official reports … but STILL don’t lift a finger to change course … then they have only one remaining cla
“We added personal income tax, which we thought would make the falloff 10 percent to 15 percent,” Paterson, a Democrat, said on CNBC today, As a reminder the state most reliant on the financial sector, is struggling with a $2.1 billion budget deficit
There may be nothing so dangerous as a policy fantasy. A good one is like the H1N1 virus. It spreads on contact and threatens to infect everyone in its path.
The government should not subsidize one dream at the expense of another. Sadly, though, that's just what has happened. And as history so clearly demonstrates, one-size-fits-all policies don't work very well
A government watchdog says federal officials weren't entirely honest with the public about the health of the first 9 financial firms that got federal bailouts, according to a report released Monday..
This post will discuss why we are in a depression, not a recession and what this means about likely future economic and investing paths.
The number of banks that didn't make their monthly dividend payments on TARP funds skyrocketed to 29 in August (the latest month numbers are available for), up from 18 in May, reports Clusterstock. Banks can choose not to make payments during a given
America's most independent talk show host. Part One: America’s Economic Crisis: What Happened? A Series of Short Video Comments to Help You Survive and Profit from the Coming Dollar Meltdown!
Why do we continue to believe the same people that have, in both statements and choices, been nothing but wrong? Who should we believe and turn to for more accurate information and analysis? Perhaps a useful source would be those at the epicenter of
A recurring theme on Zero Hedge over the past few months has been the inordinate (and seemingly inexplicable if one takes at face value the arguments for an improving economy) amount of insider selling of corporate shares, which has reached a stagger
For those that follow contrarian investors like Marc Faber, Jim Rogers, Gerald Celente and Harry Dent, this should come as no surprise.
Former Fed Chairman Alan Greenspan said on Sunday that the U.S. economy was "getting close" to the point where it would stop losing jobs. But during his appearance on ABC's This Week with George Stephanopoulos, Greenspan also predicted that the level
The usurper in the White House has pushed through the same flavor programs as FDR with the blessing of the crooks in Congress. One of the most unconstitutional New Deal swindles was the National Industrial Recovery Act (NIRA). This Act was passed in
What if they ruined our military by sending it off on big-money colonial expeditions? What if they cut the legs out from under the middle class? What if the Russians invaded and turned us against each other, tricking this tribe of Americans into
Treasury Secretary Geithner's statement at the IMF/World Bank Annual He calls for continued "support" which means distorting the economy in favor of President Obama's favored sectors and companies, yet he states:
If we’re right about where the price of gold is headed, the general public will someday clamor to buy all things gold. While gold stocks will be where the real leverage is, the rush will start with gold itself. As a gold editor, I have a very natural
Rare earth elements (REEs) have been the mystery metals of the mining world for years. Now, suddenly, everyone’s heard about them. Before we delve into the reasons behind all the publicity, here’s the basic skinny on REEs: One, they are rare, at leas
One of the most distressing things about the current financial scandal is that there has been no similar reckoning against the firms that were supposed to be watching the system for the investment public.
Banks in Minnesota, Michigan and Colorado were shut by regulators, bringing this year’s toll of U.S. failures to 98 amid the worst financial crisis in more than seven decades.
The pay package given to Freddie Mac's new chief financial officer should have sent a message from Washington to corporate America about how executive compensation standards must change. Instead, it did just the opposite. The government-controlled
The Federal Reserve is likely to keep interest rates low which in turn weakens the dollar—but don’t expect any government officials to officially endorse a low currency.
In January of this year, Christina Romer (now Chairman of the President's Council of Economic Advisors) and Jared Bernstein (now Chief Economist and Economic Policy Adviser to Vice President Joseph Biden) put together a report
A part of today's BLS announcement that has not received much attention is the BLS' own disclosure that it "may" have lost an additional 824,000 jobs in LTM period ended March 2009, in addition to the already disclosed 4.8 million job losses. From th
Just in case you thought Tim Geithner was telling the truth about desiring a strong dollar, here is an opinion by Jim Rickards on why the US is getting increasingly wrapped up in its stock market bubble, middle class and imports be damned, and why th
US Homeland Security Secretary Janet Napolitano said her department has received the green light to hire up to 1,000 cybersecurity experts over the next 3 years. “This new hiring authority will enable us to recruit the best cyber analysts, developers
LOL Now for some reason I can suddenly access the story and bring it to you! If you're still not convinced global warming hysteria is rooted in a desire to redistribute wealth, an annoucement out of the European Union Friday might finally change you
"And here we go..."
(From an email to me) "Beginning 1 year after enactment of the Act, you won't be able to sell your home unless you retrofit it to comply with the energy and water efficiency standards of this Act" Here's the link to the billRead Letter