Following rumors of a “bank holiday” that could limit or prevent altogether cash withdrawals later this week, Twitter and other Internet forums were raging yesterday about numerous ATMs across the country that crashed in the early hours of Sunday morning, … Continue reading →
Today the weak economic data is not prompting a flight-to-the-dollar. Today the weak economic data is causing dollar selling, because it's becoming crystal clear to folks, as ForexLive notes, that quantitative easing II is now a done deal. No more … Continue reading →
Without a doubt, President Obama has clearly targeted higher income earners for tax increases, but he has vowed to not impact other wage level earners. However, House Majority Leader Steny Hoyer, a Democrat from Maryland, says "that thinking may have … Continue reading →
BP today announced that, by mutual agreement with the BP board, Tony Hayward is to step down as group chief executive with effect from October 1, 2010. This must be a real blow to BP to lose one if it's … Continue reading →
Silver value today is at a critical juncture in history. The current fundamentals of supply and demand are about to spur an explosion in silver prices after building pricing pressure over the last 60 years… and it's going to blow … Continue reading →
It's a story not being told by the mainstream media, but Erskine Bowles, President Obama's debt and deficit commission co-chair, offered an ominous assessment of the nation's fiscal future last Sunday, calling current budgetary trends a cancer "that will destroy … Continue reading →
“Earlier this week, the Bank of England Governor, Mervyn King, irked US authorities by pointing out that even the world’s economic superpower has a major fiscal problem – ‘even the United States, the world’s largest economy, has a very large … Continue reading →
Are you still saying, "It can't happen here"? Many people that are AWAKE to what's happening around the world see the riots and social unrest witnessed in Greece lately as a preview of what's coming to America. … Continue reading →
Deflation continues to be the stronger trend in our economy, but inflation is not too far off. With all the currency the FED has printed and continues to print, it's only a matter of time before price inflation begins to dominate.
Continue reading →Earlier today House representative Edolphus Towns subpoenaed documents related to the so-called “backdoor bailout” of AIG, including documents from Timothy Geithner, the former New York Fed chief and current Treasury secretary. The House Oversight and Government Reform Committee is looking … Continue reading →