Dr. Marc Faber, author of the Gloom Boom and Doom newsletter is usually a bear on stocks and a bull on gold. In an interview of 3/27 he discusses gold and the enormity of the crisis ahead. He said:
In America, we take our pound of flesh and our profits wherever we may find them.
"I for one, am making sure I don't have too much money in any one specific bank account anywhere in the world, because now there is a precedent," he said. "The IMF has said 'sure, loot the bank accounts' the EU has said 'loot the bank accounts'
In a previous post, I explained that banks are inherently fragile.
In an article titled, "Use of Food Stamps Swells Even as Economy Improves," the Wall Street Journal reports that "The financial crisis is over and the recession ended in 2009.
Don't be surprised when the global elite confiscate money from your bank account one day.
Wal-Mart Stores Inc is considering a radical plan to have store customers deliver packages to online buyers, a new twist on speedier delivery services that the company hopes will enable it to better compete with Amazon.com Inc.
One of the most often stated arguments for the current aggressive monetary stance by the Federal Reserve has been that if asset prices can begin to recover, this will help the overall economy. With the spectacular rise in the stock market over the
The housing market has clearly reached a bottom and is turning higher. After years of dismal sales, increasing foreclosures and short sales, and declining home prices, there’s strong optimism, which has resulted in sizzling demand for homebuilder sto
Ron Paul takes Lew Rockwell on a tour of our troubles.
For years we have been warned by Keynesian economists to fear the so-called "liquidity trap," an economic cul-de-sac that can suck down an economy like a tar pit swallowing a mastodon.
U.S. stocks continued mostly going up last week.
Contracts to buy previously owned U.S. homes fell in February, held back by a shortage of properties, but there is little to suggest that the housing market's recovery is stalling.
The decision of the government in Cyprus to simply take money out of people’s bank accounts there sent shock waves around the world. People far removed from that small island nation had to wonder: “Can this happen here?”
It was a scene familiar to any nostalgia buff: all-night lines waiting for the banks (first in Ohio, then in Maryland) to open;
Banks wrote off $3 billion of student loan debt in the first two months of 2013, up more than 36 percent from the year-ago period, as many graduates remain jobless, underemployed or cash-strapped in a slow U.S. economic recovery, an Equifax study sho
Peymon Mottahedeh (Founder of the Freedom Law School) provides an update on the recent Freedom Rally 2013, an annual conference held to inform and educate attendees about the legality of the IRS
As the S&P 500 continues marching higher, all eyes will be on corporate earnings for the next quarter and the rest of the fiscal year. While much of the move in the S&P 500 can be related to the Federal Reserve’s easy monetary stance, ultimately, cor
What’s slowing down job creation in Nevada, where the real unemployment rate — counting part-timers who would prefer full-time work, and those who’ve given up looking — averaged 20.3 percent in 2012?
Jack Gregson (Economics Columnist, Freedom's Phoenix) on the market, Cyprus, housing, precious metals, and what this all means for the future...
One of Ron Paul’s great accomplishments is that the Federal Reserve faces more opposition today than ever before.
Despite the housing recovery, 10.4 million or 21.5 percent of all residential properties continued to be underwater at the end of Q4 2012, according to latest data by CoreLogic.
Owner Bob Bacon says it’s because they have received five fake $100s in the last three months. He tells the station the policy is not about getting restitution if they receive a fake bill. He says it’s about creating a paper trail so they can track d
Robert Murphy urges his supporters to pledge to the Krugman Debate challenge, as the total is now more than $100,000. − YouTube
Over the weekend the European Union agreed to a 10 Billion euro bailout of member country Cyprus’ banking sector, but imposed as a condition of the bailout a 9.9% tax on all bank deposits above 100K Euros.
Existing home sales for February were up 0.8 percent month-over-month in February, to an annual rate of 4.98 million.
Calling all women and Hispanics who once thought about applying for a loan.
Chicago’s most crime-ridden neighborhoods have no access to trauma care.
Congress Never Fixed the Financial System … And Is About to Make It Even Worse
The modern state must possess an apparatus of big banks, Lenin wrote, for it is banks which perform most accounting and financial recording. In socialism, banks must be expanded, made more comprehensive and reach worldwide.