ON AIR NOW
Click to Play
What I'm about to tell you is not my own opinion or even analysis. It's original data that comes from the United States Federal Reserve and national credit bureaus.
For ages, those who were too poverty-stricken to pay judgments and other outstanding debts were locked up, and forced to work it off under prison labor, along with the cost of incarceration.
Directly employed workers to be paid $1 an hour above local minimum wage
Housing should then have remained in a slump possibly for a decade or more, until the overhang of empty residential and commercial real estate had been cleared off.
Nobel Prize winning economist Robert Shiller has released data showing that U.S. markets are now seriously overvalued
Ben Bernanke just started his own blog at the Brookings Institute. His first post, from today, Inaugurating a New Blog is the announcement.
WASHINGTON (AP) -- Ben Bernanke no longer leads the Federal Reserve, but he's hardly letting up in his defense of the ultra-low-rate policies he engineered -- and his successor, Janet Yellen, has continued.
Starting tomorrow, potential users will be able to start buying Factoids, the currency that powers Factom, from Koinify.
Guess What's Destroying the Middle Class? ... Perhaps the biggest question in American political economy right now is why middle-class wages have been falling. There are three main hypotheses. Roughly, these are: Robots, unions and China. – Bloombe
Massive debt is sealing the fate of governments and central banks. As the cards collapse, radical developments in diverse areas of technology, combined with free market entrepreneurship, will destroy and rebuild the existing social order.
As Greece puts the finishing touches to its latest round of cuts, some economists are increasingly alarmed about the signals from the world economy
Georgetown, Texas decision not about going green: 'I'm probably the furthest thing from an Al Gore clone you could find,' says city official
Survey of 973 households reveals 40% expecting salaries be reduced or kept at same level in contrast to chancellor claiming to have restored UK living standards
The Black Budget: What Does It Mean to US Federal Budget, the Economy and You?
The stock market is rigged...When I started making that claim years ago -- and provided solid evidence -- people scoffed. Some called it a conspiracy theory, tinfoil hats and that sort of stuff.
We find it amusing how many people try to read into the tealeaves when looking at the NYSE margin debt (especially since the real leverage long ago left the CNBC TV studio in downtown Manhattan, as explained before), when the real action is half way
Fed comments are in GREEN. Catherine Austin Fitts' translation follows:
Social mobility champion calls for radical approach to closing the attainment gap between disadvantaged and better-off children
House of the Rising Stock Market
Chairman of the Ludwig von Mises Institute Lew Rockwell talks with RT about the U.S. and the China's new infrastructure bank.
In a sign that the cash crunch has become more desperate in Greece, officials, at the state healthcare service, were asked on Tuesday to hand over a €50m reserve for paying arrears owed to medical workers...
Echoing the grave concerns of no lesser 'maestro' of manipulation than Alan Greenspan, Wells Capital Management's Jim Paulsen notes that while the U.S. stock market has risen by about 3 times from its crisis low in March 2009;
One thing that's great about being a TBTF bank is that generally speaking, no one (including employees) really has any idea what all is on your balance sheet let alone how much all of it may or may not be worth at any given time.
Ruth Porat, the Morgan Stanley chief financial officer often called "the most powerful woman on Wall Street", is joining Google as its finance chief.
Most of us know that the global economy is softer than the media and acknowledges. Even the powerhouse US economy is softer than The Federal Reserve is letting on.
10 Charts Which Show We Are Much Worse Off Than Just Before The Last Economic Crisis
Square is trying to make spending money fun.
In the previous installments of this series, we discussed the hidden and often unspoken crisis brewing within the employment market, as well as in personal debt.
Host:
Ernest Hancock
Angela Keaton (AntiWar.Com) on Google's attempt to censor AntiWar.Com - Marc J. Victor debates County Atty. Bill Montgomery on the Drug War - Mark Nestmann (President of the Nestmann Group LLC) on domestic and international economics
While it's tempting to snicker at Schiff's perms-bullish stand on gold (and perms-bearish view on the buck), remember he was warning about the housing bust when most policymakers were singing the virtues of the housing boom.
