Meredith Whitney stated that 2 million jobs would be lost at the state and local level and that unemployment may rise and hit banking. On the Foreclosure-Gate front she thought banks maybe hit with massive losses from MBS fraud...
Insiders have officially marked the top of the stock market: last week's insider selling of all stocks (not just S&P) hit an all time record of $4.5 billion. This is the biggest weekly number ever recorded by tracking company InsiderScore.com
The chairmen of President Obama's bipartisan deficit commission offered an aggressive plan to rebalance the federal budget by curbing increases in Social Security benefits, slashing spending at the Pentagon and other agencies, and wiping out more tha
It was just two years ago, a wealth transfer so brazen as to leave one breathless. The $700 billion Bush bailout met with so much hostility from the public that one congressman said his calls were running 50-50: 50 percent "no," and 50 percent "Hell
If we cannot trust what the government tells us about weapons of mass destruction, terrorist events, and the reasons for its wars and bailouts, can we trust the government’s statement last Friday that the US economy gained 151,000...
"This will keep America on its toes. America is going to have to compete. There is going to be a tug-of-war within the US between those who see globalization as a threat and those who accept we live in a open integrated world"...
Wealth for Wall Street, Poverty for the People, Charles Goyette on bank-mafia boss Bernanke - Conspiracy Theory, Jesse Ventura takes on Wall Street and Goldman Sachs - So Long, Dollar
We're losing the race, and we're now becoming the banana republic [of] finance, printing -- the Fed, these mad men who are out of control at the Fed are printing new money equal to 100% of the debt that we're issuing each month. This will not end wel
Over the weekend of November 6-7, 2010, World Bank president, Robert Zoellick , proposed in a column written for the Financial Times that the global economy once more be linked to gold as an anchor to help maintain currency stability and reduce infla
If you work in the mortgage industry or for a title insurer, you might not want to make any plans for the next six months. Foreclosure-Gate is about to explode.
"If commodity prices plunge from the current levels and you think they're in a bubble, which I tend to think they are, there is risk" for agricultural banks, said a Rochdale Securities analyst. Grain prices are rising because of demand for grain-fed
NEW YORK/LONDON – Gold powered to an all-time high above US$1,400. Gold has risen almost 6% since just before the Federal Reserve detailed its plans last Wednesday to buy $600-billion worth of Treasuries to revive the economy.
Fluoride Is Poison - The Republicans Are Useless - Let's Attack Iran! - 14 Pieces of Bad Economic News - Subvert the TSA Porno State - The State Is Not Anti-Corruption
Exclusive interview with Rick Rule.
We need to print trillions of dollars from nothing.
The labour force plunged 254k and the participation rate fell from 64.7% in September to 64.5% — the lowest level since November 1984! How is that bullish? If not for the slide in the labour force last month, the unemployment rate would have...
That a program called quantitative easing represents anything more than a national check-kiting scheme ramping up so many zeros that the goddess of infinity herself would run shrieking from the scene in embarrassment.
If Dimon is successful, he will create a bank that is not just too big to fail, but too global to fail.
The richest 1 percent of Americans now take home almost 24 percent of income, up from almost 9 percent in 1976. The United States now has a more unequal distribution of wealth than traditional banana republics like Nicaragua, Venezuela and Guyana.
Regulators shut down 4 more banks Friday, bringing the 2010 total to 143, topping the 140 shuttered last year and the most in a year since the savings-and-loan crisis 2 decades ago. The Federal Deposit Insurance Corp. took over K Bank, based in
Another False-Flag Operation - How the Republicans Will Sucker the Tea Party - When It Comes to Economics, Currencies, or Finance Bernanke's a boob, says Jim Rogers - The Complete Survival Food Storage Guide
There is only one way, and that is to save everyone. That is, to force this crap to stop - by whatever means are necessary - and possible.
People Who "Want A Job Now" Jumps To Second Highest Ever As Persons Not In Labor Force Reaches Record
The inverse silver lining to today's jobs report that will be lost in the shuffle of what is perceived as a good NFP (despite consistent initial jobless claims of around 450K, which means that either there is a massive data error, or...
42,389,619 Americans received food stamps in August, a 17% rise from the same time a year ago, according to the U.S. Department of Agriculture, which tracks the data. That number is up 58.5% from August 2007, before the recession began.
In the midst of debates on financial regulation and China’s currency in April, Treasury Secretary Timothy F. Geithner sat down to discuss the U.S. economy -- with comedian Jon Stewart.
Happy days are here again.
This column was initially released last December. Without a doubt, this has been one of my most requested columns. So, in response to the large number of readers who have asked me to re-release this column, I do so today. And in doing so, I have adde
"I started to talk about the Tapeworm Economy, because if you look at the Tapeworm Economy, the media feeds us information about what is good for the tapeworm, and bad for us." Catherine Austin Fitts
Is the Fed Engineering a Crack-Up Boom? - We Need Private Courts and Juries Nothing else is compatible with a free society, says Doug Casey - And So Election Day Passes, Nobody got what he wanted, except that grotesque monster, the government. Artic