March 13: Civil Resistance to War and Empire in Nation’s Capital – Peace of the Action’s “Camp OUT NOW”, Washington, DC

Enough is enough! It’s time we up the ante and demand that our voices be heard and heeded. It’s time that the logical and rational voices of reason get a Peace of the Action.

While the wars in Central Asia and the Middle East rage hotter and hotter, and while the suppression of our civil liberties here in the U.S. continue, Peace of the Action is demanding an immediate cessation to U.S. hostilities.

Peace of the Action will be establishing Camp OUT NOW on the lawn of the Washington Monument (with or without governmental permission) on Saturday, March 13th, (exactly 23 days from today), to be a base of operations from which we will organize and direct daily acts of Civil Resistance throughout the DC area and until our demands are officially recognized. Continue reading

MSM: Pennsylvania State Capital Mulls Bankruptcy as a Budget Option

(Bloomberg) – Harrisburg, the capital of Pennsylvania, will consider Chapter 9 bankruptcy protection along with tax increases and asset sales as options to address $68 million in debt service payments due this year, the chairwoman of a City Council committee said last night. Continue reading

Video: The Dollar is now collapsing – Peter Schiff

(January 23, 2010) – Peter Schiff is an American economist, author, commentator and popular video blogger who regularly appears in the role of a bearish pundit on numerous financial news networks. Schiff, a licensed stock broker, is the president of Euro Pacific Capital, a brokerage firm founded in 1980 and later reincorporated in 1996, now headquartered in Westport, Connecticut. Continue reading

MSM: The Christmas credit crunch – Greedy finance firms push interest rate towards 40%

(DailyMail) – The move by Capital One means some customers will be paying almost 40 per cent interest on their Christmas gifts and January sale purchases unless they clear the balance on their cards. Continue reading

Banks Create Money Out of Thin Air, Not Out of Pre-Existing Deposits or Reserves

The battle to reform the American banking system needs to include reimposing the barrier between investment banking and depository banking (Glass-Steagall), pay incentives based on what is best for Americans and not just the top executives, the end of too big to fail, and other changes which are frequently discussed by financial writers. These are vital issues. Continue reading

MSM: Dollar Reaches Breaking Point as Banks Shift Reserves

(Bloomberg) – Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades. Continue reading

Peter Schiff Says Gold to $5,000/ounce and US Market Rally Will Fade

Peter Schiff, President of Euro Pacific Capital, stated in a web cast today on Yahoo! Finance that he sees gold reaching $5000/ounce and the US market faltering. Continue reading

How Bad Will It Get? – Mike Whitney

The U.S. economy is at the beginning of a protracted period of adjustment. The sharp decline in business activity, which began in the summer of 2007, has moderated slightly, but there are few indications that growth will return to pre-crisis levels. Continue reading

Video: Webster Tarpley – Say Hello to Jingle Mail

Webster describes what the meaning of Jingle Mail as the retail – commercial and real estate market is on the verge of collapse.. Continue reading

Video: Peter Schiff – OIL is going well above $200

(Fox) – Peter Schiff discusses the future of oil on Fox Business – August 19th, 2009 Continue reading

Less Government or Lower Wages? You Decide – Peter Schiff

The nationwide revelry surrounding our apparent economic recovery was disrupted this week by the release of lower-than-expected retail sales data. However, rather than sending a chill up the spines of those hoping for a quick end to the downturn, the numbers should be welcomed. Though this may come as a surprise to most observers, lower retail sales are precisely what our economy needs. Continue reading

Study: Global warming bill could cost 2.4 million jobs, $1,250 per household

(BizJournal) – A carbon emissions plan under consideration in Washington aimed at global warming and climate change could cost the U.S. economy between 1.8 million and 2.4 million jobs over the next two decades. Continue reading

Video: Peter Schiff on CNBC Reports

(7-24-09) – Discussing how to invest in this market, with Peter Schiff, Euro Pacific Capital; Richard Sichel, Philadelphia Trust; Lee Munson, Portfolio Asset Management; Mark Kollar, Kollar Financial Strategies; John Buckingham, Al Frank Asset Management; and CNBC’s Dennis Kneale. Continue reading

Wall Street’s Love Affair with Ben Bernanke – Mike Whitney

A careful reading of Federal Reserve chairman Ben Bernanke’s op-ed in Tuesday’s Wall Street Journal, shows that Bernanke thinks the economy is in a deflationary spiral that will last for some time. Continue reading

Green Shoots, Red Ink, Black Hole

I have an unfortunate sense that the “green shoots” in the economy that everyone is talking about are nothing but dandelions. Continue reading

Video: Massive Inflation is on the Way – John Browne of Euro Pacific Capital on Fox News

John Browne, colleague of Peter Schiff and former member of British Parliament, as well as a close associate of then-Prime Minister Margaret Thatcher, talks about the ramifications of Obama’s insane deficit. Continue reading

MSM: GE’s Immelt Accepts Responsibility as Shares Fall

“The interaction between government and business will change forever. In a reset economy, the government will be a regulator; and also an industry policy champion, a financier, and a key partner. Continue reading

MSM: 60 Mexico flu deaths raise global epidemic fears

MEXICO CITY – Mexican authorities said 60 people may have died from a swine flu virus in Mexico, and world health officials worry it could unleash a global flu epidemic. Mexico City closed schools across the metropolis Friday in hopes of containing the outbreak that has sickened more than 900. Continue reading

Peter Schiff’s advice on fighting inflationary depression

Amid an “inflationary depression” in the U.S., Peter Schiff, president and chief global strategist of Euro Pacific Capital, sees opportunities in the maelstrom. Facing a massive redistribution of wealth, he advises investors to act quickly and “divest U.S. dollar assets into physical precious metals, other currencies and equities outside the United States.” Continue reading

Destruction of Nature Dwarfs Economic Losses of World’s Financial Institutions

The economic cost of global deforestation far outstrips the money being lost from the current financial crisis, according to the findings of a study commissioned by the European Union. Continue reading

Chávez: Capitalists Have Manipulated the Message of Christ to Exploit the Poor

“The Kingdom of Heaven is not a kingdom or life in the clouds. Either it exists here or else it exists nowhere,” President Chávez issued a wake-up call during the last Sunday program of 2008. “It’s on earth, and that is why Christ came here and was born among the poor, in the manger.”

The head of state in Venezuela noted that the capitalist system throughout its history has distorted Jesus’s message to the poor about the Kingdom of Heaven, with the sole purpose of exploiting the impoverished majorities in favor of the minorities who enjoy the wealth of the world. Continue reading

Bond Market Collapse is Imminent

Imagine a country such as Venezuela announced that it was bailing out an investment bank, then just days later said it was nationalizing its mortgage industry, and then just days later that it was bailing out its biggest insurance company, and then just days later its government pledged 700B$ to inject into its failing banks, and then just days later its stock market fell 20%. Would you feel comfortable having your money invested in such a country, in its stock market, in its bond market or in its currency?
Continue reading