It costs the United States nearly twice as much to make a penny as that penny is actually worth, writes Christopher Ingraham for the Washington Post, reporting that it costs the government 1.7 cents to make a penny.
• http://www.paulcraigroberts.org-Paul Craig Roberts
The Federal Reserve and its bullion bank agents are actively using uncovered futures contracts to illegally manipulate the prices of precious metals in order to keep interest rates below the market rate.
Even though there was widespread dissatisfaction with $1.1 trillion, 1,774 page federal spending bill that nobody read, it passed anyway in large part because of the governing classes' palpable fear at the thought of a government shutdown.
If you were about to take a final exam, would you have more hope or more fear if you didn't understand any of the questions and you had not prepared for the test at all?
The Senate approved a bill late Tuesday that would retroactively extend over 50 expiring tax provisions for one year, including one that shields distressed homeowners from paying taxes on any mortgage debt forgiven in a short sale.
Do you want to know if the stock market is going to crash next year? Just keep an eye on junk bonds. Prior to the horrific collapse of stocks in 2008, high yield debt collapsed first. And as you will see below, high yield debt is starting to crash
Let's see. Between July 2007 and January 2009, the median US residential housing price plunged from $230k to $165k or by 30%. That must have been some kind of super "tax cut".
• http://www.paulcraigroberts.org-Paul Craig Roberts
The gangsters who run the US financial system have determined opponents. Among them are Elizabeth Warren, Nomi Prins, Pam and Russ Martens, Michael Hudson, and David Stockman.
• http://www.paulcraigroberts.org-Paul Craig Roberts
A dangerous new trend is the successful manipulation of the financial markets by the Federal Reserve, other central banks, private banks, and the US Treasury.
This week the deaths and the protests in Ferguson, Missouri and Staten Island, New York have Ron Paul and Charles Goyette talking about the problems of America's inner cities. If we really want to do something about the poor and the growing wealth
Thinkers Who Challenged the State / CIA Funding Is Unlimited / Our real royal family / Farming Is the Future, says Jim Rogers / How Close Are We?
To war and economic collapse. Article by Paul Craig Roberts
In an interview with Bloomberg's Tom Keene, Janus Capital's Bill Gross said that he left PIMCO 'in good hands.' Gross said, "…it's obviously an opportune situation at Janus. Running $2.5 billion is different than running $2 trillion, so it makes
Financial institutions to trade certain financial derivatives from subsidiaries that are insured by the FDIC, explicitly putting taxpayers on the hook for losses caused by these contracts.
Stocks are getting crushed.
On Friday, with oil still falling and US Treasury bonds rallying, stocks were selling off, with the blue-chip Dow Jones seeing the heaviest losses.