The last dollar devaluation took place under President Roosevelt in 1934, when from being worth 1/20.67th of an ounce of gold in 1933, the dollar was devalued to 1/35th of an ounce of gold.
... The death of the 57-year-old banker was accompanied by the fact that his firm was under investigation by the insurance regulators, and now, as The Denver Post reports, state prosecutors launched a criminal investigation and a grand jury over more
America's 65-and-older population is growing rapidly thanks to the aging Baby Boom generation.
Nevada gambling revenue plunges 13.7 percent February; Strip casino winnings down 20.1 percent
Hey Guys, An overlooked method of taking down tyranny is humor. So I made this video below.
FacebookTwitterShare What if your grandfather had gone on a wild spending binge, long before you were born, and put himself millions of dollars in debt to people who knew he could never pay? Would it be your obligation to work double-sh
Must be the weather... (though if you want to believe that, do not look at the regional breakdowns)... Pending home sales fell 10.2% YoY - the worst in 3 years (notably worse than the 9% drop expected by the meteorologists in the economics department
Why isn't the economy surging?
That any schoolkid could predict eliminating feedback and consequences will lead to a series of disastrously poor choices by speculators and imprudent borrowers doesn't register with the Keynesian Cargo Cult.
Jacob Hornberger (Founder and President of The Future of Freedom Foundation) gives his perspective on the Ukraine, Crimea, Russia and U.S. Foreign Policy - Robert Murphy (Author and Economic Consultant) on the economics of our foreign policy
We are sure the weather is to blame but what happens when pent-up demand (from a frosty east coast emerging from its hibernation) bumps up against a drought-stricken west coast unable to plant to meet that demand?
With Switzerland long dead as an offshore tax haven for US savers unwilling to fund Uncle Sam's central-planning machine (and who can blame them - isn't monetizing the deficit precisely what the Fed is for?) and with Cyprus banks, shall we say, compr
Robert Main left home with plans to become a rock star. As these things go, his plans weren’t as farfetched as some.
Meghan Kellison-Lords (Roberts & Roberts Brokerage, Inc.) and Mike Kimberl discuss the hearing for Sean's Outpost (a homeless outreach in Pensacola, FL using Bitcoin) - Charles Goyette (Author, Talk Show Host) provides an update on the economy
North Dakota records nation's highest personal income growth in 2013; income grew 7.6 percent
There are millions of American families that once lived very comfortable middle class lifestyles that have lost it all.
If you are like most Americans, paying taxes is one of your pet peeves. The deadline to file your federal taxes is coming up, and this year Americans will spend more than 7 billion hours preparing their taxes and will hand over more than four trilli
The kids are suddenly big experts on “income inequality” since it has become the issue du jour lately, and are loudly whining and wondering why I have money to spend while they do not, which they consider completely unfair.
Dallas Fed President Richard Fisher has been a thoughtful dissenter all along on the lunacy of QE and the Fed’s massive bond buying spree.
The red flags contained in the national and global headlines that have come out thus far in 2014 should have spooked investors and economic forecasters.
Yesterday's news from the NAR that in February all cash transactions accounted for 35% of all existing home purchases, up from 33% in January, not to mention that 73% of speculators paid "all cash", caught some by surprise.
Janet Yellen’s task today was to move the Fed’s goalpost without anyone realizing that she is motivated by weakness in the economy.
The above caption was Chapter 27 of my year-ago book entitled “The Great Deformation: The Corruption of Capitalism In America”.
Something hilarious, and at the same time pathetic, happened earlier today: at precisely 9 am the US Treasury released its delayed Treasury International Capital data (which was supposed to be released yesterday but was delayed because it snowed) whi
It was almost exactly one year ago to the day that an entire nation was frozen out of its savings… overnight.
This month President Obama issued a directive that will penalize “for-profit” trade schools because students are amassing huge levels of debt they can’t pay off. According to the President and the Department of Education these specialty training scho
The Fed and the other major central banks have been planting time bombs all over the global financial system for years, but especially since their post-crisis money printing spree incepted in the fall of 2008. Now comes a new leader to the Eccles Bu
Flask in hand, Boris Yelstin famously mounted a tank outside the Soviet Parliament in August 1991. Presently, the fearsome Red Army stood down—an outcome which 45 years of Cold War military mobilization by the West had failed to accomplish.
A month ago we reported that according to much delayed TIC data, China had just dumped the second-largest amount of US Treasurys in history.
The record drop in US government securities held in custody at the Federal Reserve is fueling speculation that Russia may have shifted its holdings out of the US as it threatens sanctions. Treasuries held by foreign central banks dropped by