In the year 2010, “QE 2” doesn’t refer to a sumptuous ocean liner, but a second, more extravagant round of “quantitative easing” — stimulus. In the past, this technique was simply called “printing money.”
And in the case of the zombie banks, the GSEs and the MIs, the fraud is being actively concealed by Congress, the White House and agencies of the U.S. government led by the Federal Reserve Board. Is this not tyranny?
“I believe that banking institutions are more dangerous to our liberties than standing armies…The issuing power should be taken from the banks and restored to the Government, to whom it properly belongs.” – Thomas Jefferson
Department of Homeland Security chief Janet Napolitano announced that the National Security Agency and the US Cyber Command will be used in civilian cybersecurity matters, insisting it was perfectly appropriate to give the military this role.
Unfortunately, the title database has no legal standing, as declared by several state courts, including some supreme courts. Banks or financial firms holding the mortgage notes cannot team with the title database and force eviction during the…
The U.S. economy is a “fiscal train wreck” waiting to happen that risks ushering in a period of stagnation featuring by minimal growth, high unemployment and deflationary pressure, U.S. economist Nouriel Roubini wrote on Friday.
We know that high frequency trading is used to manipulate the stock market. The prevalence of high frequency trading in other markets means that it might be used to manipulate those markets – perhaps virtually all markets – as well.
One foreclosure expert estimates that just 6 to 7 percent of the loans made in the last three years can produce properly recorded title transfers from borrower to final lender. Legally assigning, or recording title transfers was much too slow…
A beggar-thy-neighbor monetary policy works for small countries getting out of a hole of their own making: It doesn’t work for the world’s largest single economy with the world’s reserve currency, in the middle of a Global Depression.
Boston University economist Laurence Kotlikoff says U.S. government debt is not $13.5-trillion (U.S.), which is 60 per cent of current gross domestic product, as global investors and American taxpayers think, but rather 14-fold higher: $200-trillion.
The year’s most popular discount shopping event, referring to the Friday after Thanksgiving, is arriving ahead of Halloween this year, with some promotions beginning this week and others throughout November.
Since Bernanke’s comments in August, the dollar index has dropped 7%, while commodities — which are priced in dollars — have surged. Crude oil has jumped 14%, while gold has spiked 8%. Prices for cotton, corn, sugar, wheat…
I passed up the obvious title: “Heckuva Job Larry!” That was the moment of President Obama’s appearance on The Daily Show with Jon Stewart that set all Americans cringing. Yes, he really said that Summers “did a heckuva job.”
How many bailouts does it take to get to the center of a hyperinflationary collapse? Three? Or maybe just one continuous undefined fiat injection…
Third, integrity is important. I really shouldn’t have to explain this. It depresses me that I have to argue that it is wrong to lie. Our democracy, our economy, our society, and our souls depend on restoring our integrity and the rule of law.
The overwhelming volume of sell transactions relative to buy transactions by company insiders over the last six months in key leading sectors of the market is the worst Alan Newman, has ever seen since he began tracking the data.
It comes down to this: Resolve the foreclosure situation in a fair way, or preserve the existing bank capital structure. You can’t do both.
Earlier this month, the United States Coast Guard upheld its self-declared status as a ‘special’ branch of the military with the ability to prosecute civilians in military tribunals.
In the suit, the plaintiff allege that JPM and HSBC in August 2008 held 85% of the net short position in silver and by the first quarter 2009 held $7.9 billion in precious metal derivatives.
The precious metals markets have tremendous potential for investors. But they are also wrapped up in great mystery — deliberately so. Gold is the worst understood financial market. Most official data about gold is actually disinformation.