For all the pain caused by the Great Recession, the job market still was not in as bad shape as it had been during the depths of the early 1980s recession — until now.
Read article...If you think people are confused about monetary affairs inside the borders of the nation they live in, you should listen to their explanations of money outside the country, beginning with the idea of “money outside the country.”
Read article...Sanders’ legislation would give the Secretary of the Treasury ultimate decision-making power.
Read article...A “Good Morning America” investigation found some states aggressively seize property that isn’t really unclaimed and then use the money — your money — to balance their budgets.
Read article...The unemployment rate in the U.S. soared to a 26-year high of 10.2 percent in October and employers cut more jobs than forecast.
Read article...Something profound just happened to the way the Federal Reserve (Treasury et al) and the Bank of England are going to distribute national debt. What better place to but debt but a bullied domestic bank. Eventually the Federal Reserve/Treasury/Executive bank will force all domestic savings into zero return Treasury instruments. This is the only place where debt can be placed at this time.
Read article...John S. Reed, who helped engineer the merger that created Citigroup Inc., apologized for his role in building a company that has taken $45 billion in direct U.S. aid and said banks that big should be divided into separate parts.
Read article...China’s economy will be the first to emerge from the financial crisis, and its model will soon take the leading position among the world’s economies, leaving behind the current leader the United States. This forecast was announced on Monday by leading financier George Soros.
Read article...Almost all the excessive hedge fund de-leveraging is over. Banks have continued to hold 40 to 1 leveraged positions, because they cannot exit them without a major economic recovery without going bankrupt.
Read article...Everything we know about classic economic theory suggests the US economy should be experiencing Zimbabwe-like hyperinflation right now, thanks to the nearly $2.2 trillion the US Federal Reserve has pumped into the system.
Read article...Nouriel Roubini, the economist who predicted the global economic crisis, said a forecast by investor Jim Rogers that gold will double to at least $2,000 an ounce is “utter nonsense.”
Read article...The value of gold and silver are on the rise, but this spells trouble for the declining dollar index which could push as low as 66 points, according to Chris Zwermann, strategist from Zwermann Financial.
Read article...Spot gold ran to a record high above $1,090 per ounce on Wednesday, latching on to a weaker dollar with continued support from the IMF’s sale of gold to India’s central bank.
Read article...Jim Rogers, the international investor and chairman of Rogers Holdings, has warned of a currency crisis within the next couple of years.
Read article...Headlines like this drive me nuts: Mortgage Crisis Shows Why Financial Regulation is Needed. Yes, regulation is needed. Market regulation, that is.
Read article...India’s central bank is buying 200 metric tons of gold from the IMF.
Read article...Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc will receive 31.3 billion pounds ($51 billion) in a second bailout from the U.K. taxpayer as the two banks agreed to cap bonuses.
Read article...The governments of every major nation are going to default on their debts. There are two relevant questions: (1) How? (2) When?
Read article...Move over Switzerland. The tiny state of Delaware beats the Alpine country in a contest for the most secretive financial jurisdiction, a tax justice rights group said on Saturday.
Read article...In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting.
Read article...CIT Group Inc., one of the nation’s leading funders of small and medium-sized businesses, filed for the fifth largest bankruptcy by assets in U.S. history Sunday as part of a reorganization plan that has the support of an overwhelming majority of debtholders.
Read article...Nobel Prize-winning economist Joseph E. Stiglitz said the U.S. recession is “nowhere near” an end and the economy’s third-quarter growth rate of 3.5 percent, the first expansion in more than a year, won’t carry into 2010.
Read article...I have previously debunked numerous false arguments used to defend the too big to fails. See this and this.
Read article...Representative Ron Paul, the Texas Republican who has called for an end to the Federal Reserve, said legislation he introduced to audit monetary policy has been “gutted” while moving toward a possible vote in the Democratic-controlled House.
Read article...A growing number of Americans are becoming aware of the Federal Reserve System, what it is, how it has precipitated our financial crisis, and how it continues to pursue policies that delay economic recovery and weaken the dollar.
Read article...In his latest C4L video, Congressman Paul reports on a recent House Foreign Affairs Committee hearing concerning Iran as well as a House Financial Services Committee hearing on financial regulations, and addresses the GDP.
Read article...Stocks tumbled Friday afternoon, erasing most of the previous session’s big gains. Financials and energy shares were among the hardest hit.
Read article...Former officials are often more honest than current ones, since they aren’t under pressure to spread happy talk.
Read article...The US government has a technology, called a printing press… that allows it to produce as many US dollars as it wishes at essentially no cost.” – Ben Bernanke
Read article...In Washington and on Main Street, politicians and voters are railing against Wall Street’s multi- million-dollar pay packages.
Read article...About 18.8 million homes stood empty in the U.S. during the third quarter as banks seized properties from delinquent borrowers and new home sales fell in September.
Read article...Economic growth in the U.S. will slow after the rebound in the third quarter and enter “a very gloomy period” of high unemployment, said economist David Malpass, president of Encima Global in New York.
Read article...Over the past two years, the federal government and the Federal Reserve have dispersed trillions of public dollars, run up enormous deficits, and kept interest rates at zero.
Read article...Congress is suggesting that the Fed be given more powers, making it the chief risk regulator of the entire banking system.
Read article...Bottom line: “When money dies, so do people.” Hyperinflation in a modern urban nation would kill people. I think it would kill a lot of people.
Read article...The former chairman of Citigroup, John S. Reed, wrote a letter to the editor of the New York Times calling for a reinstatement of Glass-Steagall.
Read article...New Yorkers are fleeing the state and city in alarming numbers — and costing a fortune in lost tax dollars, a new study shows.
Read article...US Treasury Secretary Timothy Geithner said Tuesday the dollar would keep its status as the world’s main reserve currency a “long time.”
Read article...Marc Faber, publisher of the Gloom, Boom & Doom Report, appeared on Bloomberg today, expanding his view on the inflation/deflation, strong and weak US dollar debate.
Read article...The Federal Reserve is unlawfully withholding information from Congress.
Read article...This is without doubt the most important populist moment so far this year.
Read article...Alan Grayson, Florida Democrat, has a reputation for inflammatory rhetoric, but he took it even further when showing his disdain for Federal Reserve senior adviser Linda Robertson by calling her a “K Street whore” in a recent radio interview.
Read article...Iceland’s McDonald’s Corp. restaurants will be closed at the end of the month after the collapse of the krona eroded profits at the fast-food chain, McDonald’s franchise holder Lyst ehf said.
Read article...The dollar should remain the principal currency in China’s $2.27 trillion stockpile of foreign exchange reserves, but the share of the euro and yen should increase, according to an opinion piece in Monday’s Financial News, a paper published by the People’s Bank of China.
Read article...As soon as the job opening was posted on the afternoon of Friday, July 10, the deluge began.
Read article...What is the current American economy: capitalism, socialism or fascism?
Read article...The annual American Bankers Association meeting in Chicago is not going as planned.
Read article...Russia plans to sell as much as 50 tonnes of gold this year to help plug a budget deficit in the first major bullion sale by its precious metals repository since the fall of the Soviet Union, a high level source told Reuters.
Read article...Should we be reassured by the new round of stress tests?
Read article...CNN’s Lauren Kornreich reports today that Neil Barofsky, the special inspector general for TARP, is saying that the federal government’s actions may have put the country in more danger.
Read article...© 2008 Alex Jones | Infowars.com is an Alex Jones company. All rights reserved.

