Total increased $56 billion in one day
The controversial companies known as credit-rating agencies are drawing fresh scrutiny from officials in the United States as they weigh whether to downgrade U.S. government debt should Congress fail to come to an agreement to reduce borrowing.
There are REASONS that Wall Street in its modern form is abusive. It mostly has to do with the mingling of public and private interests together ... mercantilism. Mercantilism in this modern era is driven by central banking and the unlimited funds it
It was a telling moment at the height of the Occupy Wall Street protests.
Former Governor, Sarah Palin, on the 2012 Presidential Race (interview)
As of now, the largest holder of U.S. Government debt is the Federal Reserve System, and I would look for this situation to accelerate rapidly, as the government is going to claim it now can fund its expenditures with "free money."
In a study released Oct. 31, the ratings agency Moody’s said that based on its analysis of mortgage-backed bond portfolios, homeowners with jumbos now constitute “greater strategic default risk” than any other type of borrowers, including subprime.
Thanksgiving is a uniquely American holiday that celebrates man's productive ability and is not a day of national guilt or a religious festival.
If Occupy Wall Street protesters want to take things to "the next level", they should not underestimate the resolve of the police state. Homeland Security has been slowly but surely turning this country into a "Big Brother" police state.
European banks, increasingly concerned about their ability to access funding, are devising complex and potentially risky new deals that enable them to continue borrowing from the European Central Bank.
Federal prosecutors in Chicago and New York have issued subpoenas in the probe of the collapse of MF Global Holdings Ltd., people familiar with the case said, a sign of an intensifying Justice Department criminal investigation as authorities try to t
When Gold and Silver take this big a drop around the world I get the feeling that there is a sell off to cover other needs by the Big Bad Bubbas. The London Stock Market is down over 4% and I just got a feeling...
Days before the doomed financial broker filed for bankruptcy, MF Global conducted “unexplained wire transfers” that led to a $900 million shortfall in client funds, leading customers like Gerald Celente to learn that their accounts had been lo
The Treasury Department dramatically boosted its estimate of losses from its $85 billion auto industry bailout by more than $9 billion in the face of General Motors Co.'s steep stock decline.
About 20.5 million Americans, or 6.7 percent of the U.S. population, make up the poorest poor, defined as those at 50 per cent or less of the official poverty level.
Krikorian highlights the Bank of North Dakota, which was founded in 1931 and reportedly raked in over $300 million during the last decade, as an exemplary model for Ohio to study.
America became the wealthiest country because for most of our history we have followed the basic principles of economic freedom: property rights, freedom to trade internationally, minimal governmental regulation of business, sound money, relatively l
Amazon Kindle Fire is poised to be a retail blockbuster, according to one analyst. What makes the Amazon Kindle Fire different from the steady success of the Nook Color?
But who cares? Up, down…up, down… Every day brings more ‘truth.’ But what we want is a truth with legs. We’re not day traders. Not week traders. Not even year traders. We want a long, sure…mega trend.
“Europe is in one of its toughest — perhaps the toughest — hours since World War II,” German Chancellor, Angela Merkel declared yesterday.
Lawyers on opposing sides of the debt crisis in Alabama's Jefferson County traded blame on Tuesday for the biggest municipal bankruptcy in U.S. history as they girded for a crucial court hearing next week. But a week after county commissioners opt
In case you missed it, there is a raging debate taking place between the intelligentsia and media of the Left and Right about the causes of the purported decline in America’s income mobility.
With time running out for Congress's special deficit-reduction committee, the two sides Monday were grappling for ways to inch closer on the crucial issue of taxes.
Wal-Mart Stores Inc. broke a two-year decline in quarterly same-store sales at its key U.S. operations, but the increase in sales came at a cost—lower margins.
Worship of Military Violence - Jesse vs. the Fascist States of America - How the CIA Elected Its Presidents - Return of the War Party Salivating for blood. Article by Pat Buchanan - Childhood Pals From the Power Elite - Ron Paul Should Not Be Preside
...At-Risk With German And French Banks"
Greece Bailout Imminent? Financial Crisis Continues
The global economic situation is becoming more dire every day. Approximately half of all US banks have significant exposure to the debt crisis in Europe. Much more dangerous for the US taxpayer is the dollar's status as reserve currency
"First cities then counties, the collapse is upward. People waiting for an economic apocalypse are anxiously watching banks, financial institutions, and national governments, but they are looking in the wrong place
One Republican member of the Congressional “super committee” who has signed Grover Norquist’s anti-tax pledge says that tax increases “are a reality” as a part of any deal to reduce the nation’s budget deficit.