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When construction crews faced attacks while working on a major American-financed highway here in southeastern Afghanistan, Western contractors turned to a powerful local figure named simply Arafat, who was suspected to have links to Afghanistan’s ins
It took 3,519 days since September 11, 2001, for U.S. forces to finally kill Osama bin Laden, the chief architect of the terrorist attacks that define that date.
More to the point, the maximum negative GDP print during the 08-09 recession was -3.0%! So what's being proposed is an intentional recession of at least double the pain taken in 08-09. Is this being honestly presented? No.
The Pew foundation recently released its “The Widening Gap: It reported that states have a cumulative retiree and healthcare shortfall of $1.26 trillion.
“The nation’s unnerving descent into debt began a decade ago with a choice, not a crisis.
A growing number of Democrats are threatening to defy the White House over the national debt, joining Republican calls for deficit cuts as a requirement for consenting to lift the country’s borrowing limit.
Markets shun debt of rescued nations … Europe's bailed-out economies saw their borrowing costs hit fresh records on rising concerns they will not be able to pay their debts.
This afternoon Ben Bernanke basically told us that the dollar was a zero. And what happened after that? Well, you judge:
Host:
Ernest Hancock
Ellen Brown - State Owned Banks / Christopher G. Fichtner, M.D. - "Cannabinomics" - The Marijuana Policy Tipping Point
Host:
Ernest Hancock
Ellen Brown - State Owned Banks / Christopher G. Fichtner, M.D. - "Cannabinomics" - The Marijuana Policy Tipping Point
Federal Reserve Chairman Ben Bernanke will hold his first regularly scheduled press conference today at 2:15 pm Eastern time, following the release of a brief statement from the Federal Open Market Committee at 12:30 pm.
NASA awards $269 million to the commercial industry to carry its astronauts to orbit.
What do you do when you’re running the world’s biggest Ponzi scheme? Do you stop? Do you “wake up”?
"According to the IMF forecast, whoever is elected U.S. president next year — Obama? Mitt Romney? Donald Trump? — will be the last to preside over the world’s largest economy." Oh well, it was fun while it lasted.
“We have the leverage here,” said Rep. Barney Frank (D-Mass.). “There are obviously divisions in the GOP among the leaders and the people pursuing their dumb notions of linking [cuts] to the debt vote.
California voters agree with Gov. Jerry Brown that tax increases should help close the state budget deficit, and they want to vote on his plan for raising the revenue, according to a new Times/USC Dornsife poll.
China appears to be getting ready to cut its USD reserves by roughly the amount of dollars that was recently printed by the Fed, or $2 trillion or so. And to think that this comes just as news that the Japanese pension fund will soon be dumping...
The US debt ceiling debate is an interesting political sideshow, but just how serious could the actual problem be? What do Americans think? A recent CBS New poll that asked Americans whether or not the federal debt limit should be raised showed
The US Dollar crisis, or how the jolts in the US currency that will characterize the ending of QE2 in the second quarter of 2011 will be the beginnings of a massive devaluation (around 30% in a few weeks).
Class warfare in the United States is heating up again. As the overall economic pie shrinks, the poor are being taught to go after the rich and the rich are being taught that the poor are a threat.
Behold One of the Greatest and Most Significant Bull Markets in US History Richard Russell on the magnificence of gold. / You're a Horse, They've Got Spurs - Bob Wenzel on the Beltway power elite. / Barack Hussein Hoover?
America may have 2 years at the most before it all comes crashing down when the world's former superpower hits its own Minsky Moment.
As Republicans and Democrats slug it out over the future course of U.S. government spending, deficits and debt, we cannot help but wonder if Washington truly grasps the enormity of the government’s increasingly fragile financial condition,
Imagine how different public education in America would be if parents had real control of the $500 billion (more than $10,000 per child) that is spent on their children’s behalf.
For the first time since the Great Depression, the US is now officially paying out more in benefits than it takes in via tax receipts.
He also said what we have been saying since about October of last year: "I mean the market is just going to give up. Once (the Fed) ... stops buying bonds I'm not sure who's left to buy bonds at that point."
And Americans have no intention of doing anything about it
The dollar is now sitting close to its all-time low. There is no floor beneath that level on a technical basis. While an "underthrow" excursion might well be tolerated, should there be any meaningful and sustained break below about 71.5 on the /DX.
Most Americans would very likely deny that their government is a global empire, horribly destructive to national security, liberty, and wealth.
“They turn on the printing press and flood the entire dollar zone — in other words, the whole world — with government bonds. There is no way we will act this way anytime soon. We don’t have the luxury of such hooliganism,” he said.
