Across the country, banks are failing. Without financing obtained, by threat, from the citizens (i.e., “taxpayers”) many of the banks “too large to fail” would have done just that.
Europe and the United States have much in common in that their sovereign debt problems are really quite simple to understand.
We, a working group of people currently occupying Liberty Park and many other locations throughout the US, are growing increasingly concerned about divide and conquer attempts being made to co-opt the movement.
... The man who called Goldman Sachs a "great vampire squid" has some advice for Occupy Wall Street.
Among the not-so-private problems afflicting the generally hopeful movement of Occupy Wall Street is the schism between the libertarian wing and what might be called the "statist" element of the movement.
UBS AG (UBSN), Lloyds Banking Group Plc (LLOY) and Royal Bank of Scotland Group Plc (RBS) had long-term issuer default grades cut by Fitch Ratings, which put more than a dozen other lenders on watch negative as part of a global review. UBS’s long-
It almost sounds like something out of the movie “Dave,” in which the accidental president enlists his accountant friend, Murray Blum, to help him figure out the federal budget.
The “9-9-9” plan that has helped propel businessman Herman Cain to the front of the GOP presidential field would stick many poor and middle-class people with a hefty tax increase while cutting taxes for those at the top, tax analysts say.
To government conscripts, in 1944. You see, inflation is all the fault of soldier-consumers, who punish the people of occupied countries by raising prices and diminishing supply through their purchases. Instead, conscripts should put their depreciati
The Harrisburg, Pa., city council authorized a Chapter 9 bankruptcy filing. The Pennsylvania state capital faces a $300 million debt crises tied to a project to revamp its incinerator and has been plagued with cash flow problems.
Class war in America
"Occupy Wall Street protesters have picked up Ron Paulish monetary ideas — although some know better. I thought I’d say a word about one particular idea that sounds plausible to some people but is actually quite wrong: banning fractional reserve bank
It’s always troubling when governments go after firms like GoldMoney. The more signs I see, the more I’m starting to believe that we’re heading down a path where precious metals are once again confiscated, outlawed, or at least severely restricted in
Well, if you actually believe that the sovereign debt crisis has passed and that we are no longer on the verge of a massive worldwide financial crisis then I have a bridge that I would like to sell you.
Ron Paul on Fox Business discussing European bailouts and occupy wall street.
Obama's global Depression is deepening
Most of us who are aware of world financial trends know that earlier this year thousands of Greeks took to the street and mercilessly engaged in destruction of property around Athens. They were upset about having to tighten their belts in the wake of
Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name companies among those struggling for survival. Companies in a range of businesse
Asian and Middle Eastern central banks and sovereign wealth funds are increasingly anxious about the safety of their investments in the debt of Fannie Mae and Freddie Mac , despite the assurances of US government officials.
Former Gov. Jesse Ventura dropped by Minneapolis to support ‘Occupy’ protesters. Ventura pointed out that the face of the movement cannot be dictated by Democrats or Republicans because both parties were “bought and paid for” – and that he never took
Meredith Whitney is the most controversial financial analyst in America, a woman who beats the big boys by making more aggressive predictions than they do. But has her crystal ball finally cracked?
“The few who understand the system, will either be so interested from it’s profits or so dependent on it’s favors, that there will be no opposition from that class.” Rothschild Brothers of London, 1863
The news media are in the process of creating a great new historical myth. This is the myth that our present financial crisis is the result of economic freedom and laissez-faire capitalism.
If a temporary set of conditions lasts long enough it is human nature to see it as permanent.
“Unrestrained financial exploitations have been one of the great causes of our present tragic condition.” -- President Franklin D. Roosevelt, 1933
Here's something you may not have heard of yet: A one trillion dollar federal program to enable local governments to purchase vacant residential, commercial, and industrial properties from banks and demolish them.
For the first time in a decade or more, U.S. consumers are trying to get by on fewer prescription drugs. As people around the country respond to financial hard times, drugs are sometimes having to wait. by Dr. Mercola
With the economy in a tailspin, most people are concerned about the shrinking number of job opportunities.
Banks are charging you more for using your debit card and for not keeping enough money in your account.
Will the bad financial news ever stop? A lot of people in the financial world were hoping for a much better fourth quarter after an absolutely disastrous third quarter.