Tag Archives: schiff

Why Not Another World War? – Peter Schiff

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(C4L) – There is overwhelming agreement among economists that the Second World War was responsible for decisively ending the Great Depression. When asked why the wars in Iran and Afghanistan are failing to make the same impact today, they often claim that the current conflicts are simply too small to be economically significant.

There is, of course, much irony here. No one argues that World War II, with its genocide, tens of millions of combatant casualties, and wholesale destruction of cities and regions, was good for humanity. But the improved American economy of the late 1940s seems to illustrate the benefits of large-scale government stimulus. This conundrum may be causing some to wonder how we could capture the good without the bad.

If one believes that government spending can create economic growth, then the answer should be simple: let’s have a huge pretend war that rivals the Second World War in size. However, this time, let’s not kill anyone. Continue reading →

Economy

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(ThisIsMoney) – UK debt is ‘twice as much as we thought’

The true scale of the national debt is £2 trillion – more than twice the official figure, an alarming study shows. Read More Here

(SovereignInd) – The Robber Barons After More Loot as the Elderly and Infirm are Put Out on the Street!

Well that’s it life has come to an end. The FIFA World Cup is over and Wimbledon is finished too. What will we watch on TV now? Hey isn’t there some golf thing on next week? What about Big Brother? Or how about X-Factor, CSI or the not so latest, mind numbing ‘riotous teen comedy’?

Maybe not, maybe we should be a little more concerned with what’s happening in the real world? Read More Here

(WebOfDebt) – How Financial Brokers Became Bookies: The Insidious Transformation of Markets Into Casinos – Ellen Brown

Ever since December 2008, the Federal Reserve has held short-term interest rates near zero. This was not only to try to stimulate the housing and credit markets but also to allow the federal government to increase its debt levels without increasing the interest tab picked up by the taxpayers. The total public U.S. debt increased by nearly 50% from 2006 to the end of 2009 (from about $8.5 trillion to $12.3 trillion), but the interest bill on the debt actually dropped (from $406 billion to $383 billion), because of this reduction in interest rates. Read More Here

(NIA) – Empty Store Shelves Coming to America

The National Inflation Association today issued a warning to all Americans that empty store shelves will likely be coming to America as a result of government price controls during the upcoming hyperinflationary crisis. This morning, NIA released a video preview of what hyperinflation will look like in the U.S. This extremely important must see video is now available on NIA’s video page. Read More Here

(OpEdNews) – The Attack of the Real Black Helicopter Gang: The IMF Is Coming for Your Social Security

A few years back, there was a fear in some parts about black UN helicopters that were supposedly taking part in the planning of an invasion of the United States. While there was no foundation for this fear, there is basis for concern about the attack of another international organization, the International Monetary Fund (IMF). Read More Here

(VeteransToday) – 25 Warning Signs of HARD Economic Times Ahead

Consumer confidence is plummeting, big banks are hoarding cash, top financial experts are issuing recession warnings and it seems like almost everyone is trying to accumulate as much gold as possible. Now that the G20 nations have all pledged to dramatically cut government spending in an effort to get debt under control, worries about a double-dip recession have reached a fever pitch. Read More Here

(CSMonitor) – Foreclosure double standard: Why the rich get away with defaulting

Homeowners of modest means who walk away from their housing debt are viewed as dead beats while the wealthy who do the same are presumed to be making a good financial decision. Read More Here

(DailyFinance) – These Numbers Paint a Bleak Picture for Housing

Financial analyst Meredith Whitney recently joined the ranks of those who foresee a serious decline in housing prices in the second half of 2010. Her reason: Banks are starting to unload higher-priced homes in their bulging “shadow inventory,” and with sales dropping sharply now that the federal tax credit for homebuyers has expired, there’s a massive mismatch between supply (rising) and demand (falling). Read More Here

(MunKnee) – Silver’s Historical Correlation with Gold Suggests A Parabolic Top As High As $714 per Ounce!

Almost 70 respected economists, academics, gold analysts and market commentators (see list below) are of the firm opinion that gold is going to go to at least $2,500 if not as high as $10,000 per ounce (or more) before the parabolic top is reached. As such, just imagine what is in store for silver given its historical price relationship with gold. We’re looking at an extreme case scenario of a future parabolic top of perhaps as much as $714 per ounce for silver, the ‘poor man’s gold’. Let me explain. Read More Here

(EconBrowser) – Who’s buying all that debt?

I’ve been taking a look at what happened to the demand for U.S. Treasury bills and bonds as a result of the financial crisis. Here’s a summary of some of the data that I found interesting. Read More Here

(NatInflationAssoc) – Empty Store Shelves Coming to America

The National Inflation Association today issued a warning to all Americans that empty store shelves will likely be coming to America as a result of government price controls during the upcoming hyperinflationary crisis. This morning, NIA released a video preview of what hyperinflation will look like in the U.S.

NIA’s six-minute video released today goes into detail about an event that took place just outside of Boston, Massachusetts in May of this year. This story was widely ignored by the nationwide mainstream media, but NIA believes it was one of the most important news events of the first half of 2010. Although this particular crisis in Boston was due to decaying infrastructure, NIA believes a currency crisis will lead to the same type of panic on a nationwide basis. Video Link Here

Video: Peter Schiff – Ready to Lay The “Smackdown” on Linda McMahon Come August 10th!

Alex welcomes to the show author, businessman, financial commentator, economic adviser to Ron Paul’s 2008 presidential campaign, and a 2010 candidate for the United States Senate, Peter Schiff. He is president and chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut. Schiff is the author of Crash Proof: How to Profit from the Coming Economic Collapse and How an Economy Grows and Why It Crashes. Continue reading →

Economy

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(FoxBusiness) – Video: Ron Paul, Judge Andrew Napolitano on Money Rocks – Financial Reform – View Video Here

(CSPAN) – Video: Ron Paul on Audit the FED – Video Link Here

(FoxBusiness) – Video: Ron Paul on FOX Business News on the Fed – Video Link Here

(PaulWatson) – Dollar Plunges After UN Call To Ditch Greenback

U.S. economy enters “total freefall” as double-dip recession looms Read More Here

(Telegraph) – Time to shut down the US Federal Reserve? – Read More Here

(Forbes) – Why The Greater Depression Still Lies Ahead

If policymakers do not understand the real cause of a problem, they will in all likelihood be unable to provide a genuine solution. Read More Here

(AP) – May pending home sales tumble without tax credits

The National Association of Realtors said Thursday its seasonally adjusted index of sales agreements for previously occupied homes dropped 30 percent in May from April. The index fell to 77.6 from 110.9. May’s reading was the lowest dating back to 2001. Read More Here

(AP) – 1.3 million unemployed won’t get benefits restored – Read More Here

(LondonTelegraph) – Prices rise as New Zealand passes emissions trading scheme

Petrol and power prices have risen sharply in New Zealand after the government introduced a controversial emissions trading scheme. Read More Here

(TheHill) – Waxman to Push Carbon Tax in Conference if Senate Falls Short – Read More Here

(RealClearPolitics) – Video: “Stop Spending!”: CNBC’s Santelli Warns Liesman “November 2nd Is The Day”

“I want this government to stop spending! Stop spending! Stop spending! Stop spending! STOP SPENDING! That’s what we want! Stop spending,” Rick Santelli yelled from the floor of the Chicago Board of Traders. Read More Here

(RussiaToday) – Video: Gerald Celente go for the Gold – Video Link Here

Also: Video: Gerald Celente With Jim Blasingame – June 22 2010 – Part 1 – Part 2

Video: Peter Schiff on Wall St. Unspun – Part 1 of 6 Here

(McClatchy) – Video: Goldman admits it had bigger role in AIG deals – Video Link Here

(Rense) – Who Will Pay – Wall Street Or Main Street? – The Tobin Tax Of The VAT? – Ellen Brown

Wall Street banks have been saved from bankruptcy by governments that are now going bankrupt themselves; but the banks are not returning the favor. Instead, they are engaged in a class war, insisting that the squeezed middle class be even further squeezed to balance over-stressed government budgets. All the perks are going to Wall Street, while Main Street slips into debt slavery. Wall Street needs to be made to pay its fair share, but how? Read More Here

(LATimes) – With federal stimulus funds running out, economic worries grow

Much of the $787-billion stimulus has been spent, creating jobs and extending jobless benefits. But with lawmakers reluctant to approve more funding, concerns are rising about staving off another recession. Read More Here

(Reuters) – Nearly 1 in 3 first-quarter home sales a foreclosure: report – Read More Here

(BusinessInsider) – RBS: Equity Investors Are The “Worst Cult In History,” Prepare For The “Cliff Edge” – Read More Here

(WebOfDebt) – “Deficit Terrorism” and Economic Warfare – Ellen Brown

All the Perks are going to Wall Street, while Main Street slips into Debt Slavery Read More Here

(GlobalResearch) – Stimulus or Austerity: The People vs. the Banks – Shamus Cooke

The most powerful nations in the world met recently at the G-20 in Toronto and managed to agree on only one thing of significance: the need to reduce deficits, “half by 2013.” Implied by the statement is the need to lower deficits via “austerity,” meaning eliminating or reducing social programs.

Why does every mainstream political pundit or corporate CEO fanatically agree that reducing deficits is the most important thing to do now? Let Obama explain: Read More Here

(InternationalForecaster) – Struggling and Faltering to Manage Economic Recovery – Bob Chapman

No Austerity, full steam ahead, Faltering markets, threats to social stability, Europe struggling with PIIGS, No end in California, economic disasters in the making, an oil soaked letter in Louisiana, consumer spending is uninspiring, Read More Here

25 Signs That Almost Everyone Is Expecting An Economic Collapse In 2010

At times like these, it is hardly going out on a limb to say that we are headed for hard economic times.  In fact, it seems like almost everyone in the financial world is either declaring that a recession is coming or is busy preparing for one.  The truth is that bad economic signs are everywhere.  Consumer confidence is plummeting, big banks are hoarding cash, top financial experts are issuing recession warnings and it seems like almost everyone is trying to accumulate as much gold as possible. Continue reading →

Economy

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(RussiaToday) – Video: The G8 “Solution” to the Crisis is the Cause of Economic Collapse – Michel Chossudovsky

(CGG) – Capital Gold Group Report: Where is gold headed from here? Quotes from Peter Schiff and David Rosenberg

Peter Schiff, President & Chief Global Strategist of Euro Pacific Capital, told Business Week recently that, “People are afraid of the debasement of all the currencies. What’s surprising is that gold is still as low as it is … Gold could reach $5,000 to $10,000 per ounce in the next 5 to 10 years.” Read More Here

(CGG) – Capital Gold Group Report: “Gold Is Increasingly Being Viewed As A Currency Of Its Own” – Read More Here

(Goldseek) – Why Many Analysts See Gold Going As High As $10,000 Read More Here

(WSWS) – US Supreme Court ruling favors convicted corporate swindlers

The US Supreme Court has significantly restricted the ability of federal prosecutors to bring criminal charges against corrupt politicians and corporate CEOs who plunder their own companies, setting strict limits on the use of a 1988 law making it a crime for such officials to deprive constituents or shareholders of their “intangible right of honest services.” Read More Here

(Guardian) – Greece Ready to Sell Rhodes, Mykonos to Investors – Read More Here

(WashingtonsBlog) – Congress Pimps Out the American People

We knew Congress was just pimping out the American people, and partying at our expense.

But it is still disgusting to see Congressman Barney Frank, Senator Chris Dodd and the rest selling out the American dream. Read More Here

(MSNBC) – Romanian court: Some budget cuts unconstitutional

A top Romanian court ruled Friday that some of the austerity measures proposed by the government were unconstitutional — a move that will likely delay a crucial multibillion loan from the International Monetary Fund. Read More Here

(Guardian) – Greece starts putting island land up for sale to save economy – Read More Here

(Reuters) – UPDATE 2-Italians strike over Berlusconi’s austerity budget

Tens of thousands of demonstrators marched through Italian cities on Friday during a general strike by Italy’s largest union to protest at cuts by Prime Minister Silvio Berlusconi’s conservative government. Read More Here

(Bloomberg) – States of Crisis for 46 Governments Facing Greek-Style Deficits

Californians don’t see much evidence that the worst economic contraction since the Great Depression is coming to an end. Read More Here

(ZeroHedge) – ECRI Leading Economic Index Plunges At -6.9% Rate, Back To December 2007 Levels When Recession Officially Started – Tyler Durden

It’s getting close: the fabled -10% annualized change (see David Rosenberg) which guarantees a recession is now just 3.1% away, which at this rate of collapse will be breached in two weeks. Read More Here

(RussiaToday) – Video: Tarpley: ‘Obama’s plans are hogwash’

As demonstrators get ready to descend upon the G-20 Summit to protest against the establishment, the heads of state might be getting ready to protest each other. At the forefront of the conference is the United States and China, clashing already over possible money manipulation. Webster Tarpley says that President Obama’s administration is sabotaging Blanche Lincoln’s bill in congress that bans derivatives. View Video Here

(RussiaToday) – Celente: The US is run by Wall Street

(June 25) – Video: Bob Chapman – Obama’s Asset Holder ‘Vanguard’ Sold BP Stock Weeks before Gulf Oil Disaster!

[[ Day 63: Obama To Earn Nearly $85 Million From Gulf Oil Disaster ]]
“Goldman Sachs wasn’t alone either in its astute “foreknowledge” of the collapse of BP’s stock value due to the Gulf disaster as BP’s own chief executive, Tony Hayward, sold about one-third of his shares weeks before this catastrophe began unfolding too.
But according to this FSB report the largest seller of BP stock in the weeks before this disaster occurred was the American investment company known as Vanguard who through two of their financial arms (Vanguard Windsor II Investor and Vanguard Windsor Investor) unloaded over 1.5 million shares of BP stock saving their investors hundreds of millions of dollars, chief among them President Obama. Continue reading →

Economy

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(StarTribune) – In jail for being in debt – Read More Here

REPOST – (AP) – Long-Term Unemployed Now 46 Percent Of Unemployed, Highest Percentage On Record – Read More Here

(GlobalResearch) – The Economic Crisis: Class Struggles Heat Up in Greece

Workers in Greece today stand in the forefront of the converging European class struggles against big capital’s attempt to make working people pay the costs of its crisis. Read More Here

(FoxBusiness) – Video: Peter Schiff on Fox Business News

Is it Time to Dump Your Stocks? – Video Link Here

(USAWatchdog) – Gold’s Flashing Warning Sign

Gold hit another all-time high yesterday! According to gold website Kitco.com – Read More Here

(Telegraph) – Risks to global economy have ‘risen significantly’, top IMF official warns

The risks to a robust global recovery have ‘risen significantly’ as many governments struggle with debt, a leading official from the International Monetary Fund has warned. Read More Here

(CNSNews) – Billboard Puts Obama on $100,000,000,000,000 Bill, Asks: ‘But Who Will Pay the Piper?’ – Read More Here

(EuropaPress) – Spanish Police Protest “Unjustified Waste Of Public Money” In Protecting Bilderberg

The SME-CCOO union of the Catalan police today showed their disagreement with the “unjustified waste” of public money aimed at preserving the security of the Bilderberg Club, which celebrates these days its annual meeting in Sitges. Read More Here

(EuroPacificCapital) – The Phantom Recovery – Peter Schiff

In recent months, GDP numbers have rebounded – primarily as a result of record low interest rates reliquifying the credit market and government stimulus jolting consumer spending. Although the “positive growth” has delighted Obama’s economic brain trust, it has done little to boost the fortunes of Main Street. As I have said many times, GDP largely measures spending, and spending is not growth. Continue reading →

Video: Peter Schiff – Greece Should Have Been Allowed To Default

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Economist Peter Schiff explains why Greece should have been allowed to default and not been bailed out, which will merely result in its debt being socialized and the people of Europe suffering while the underlying problem remains unchanged. Continue reading →

Economy

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(OnlineJournal) – The Big Six banks are shorting the American Dream

The Big Six investment banks, Goldman Sachs, Morgan Stanley, JP Morgan Chase, Citigroup, Bank of America and Wells Fargo, are “shorting the American Dream,” according to economist Simon Johnson and entrepreneur James Kwak in an interview on April 16, “Financial Regulation and Regulatory Capture” on Bill Moyers Journal. Here’s a summary of the big and important ideas and issues on the table. Read More Here

(GlobalResearch) – Break up the Banks and Combat Financial Crime – Danny Schechter – Read More Here

(InfoClearingHouse) – What Really Triggered the Financial Crisis? – The Shadow Banking System Blew Up – Mike Whitney Read More Here

(ZeroHedge) – Will Goldman Sachs Prove Greed is God?

The investment bank’s cult of self-interest is on trial against the whole idea of civilization – the collective decision by all of us not to screw each other over even if we can Read More Here

(FinancialSense) – Reports of Our Recovery Are Greatly Exaggerated – Peter Schiff

From all outward appearances, it seems that a grim chapter in U.S. economic history has come to an end. Newsweek magazine declares that “America is Back,” government statistics indicate revival, and our stock market has put in a rally for the record books (by rate of ascent, not highs – we are still more than 25% below the 2007 peak). Read More Here

(SilverBearCafe) – The Middle Class Game Is Up: We’re Heading to a Slave Labor Planet Read More Here

(FinancialTimes) – US prepares to push for global capital rules

The US is preparing to pivot from domestic regulatory reform to a push for a tough new international capital regime after the weekend’s G20 and International Monetary Fund meetings glossed over differences between leading economies. Read More Here

(USAWatchdog) – Housing Sales and Inflation Surge

The big news in the economy last week was new home sales jumped 27% in March. It was the best monthly increase percentage wise since John F. Kennedy was in office. What the mainstream media did not tell you was new housing starts jumped up from a very low level– like the lowest level in history! This chart from shadowstats.com illustrates the point: Read More Here

(TimesOnline) – Greek meltdown in danger of spreading

Germany, France and the International Monetary Fund (IMF) must act quickly to bail out Greece to prevent a slide in confidence in financial markets, Alistair Darling said yesterday. Read More Here

(CNNNews) – Obama Sends Mixed Message on VAT as Fiscal Commission Prepares First Meeting Read More Here

(WashingtonsBlog) – Unemployment for Those Who Earn $150,000 or More is Only 3%, While Unemployment for the Poor is 31%

Boeing CEO Jim McNerney succinctly summarized a recent study by Northeastern University’s Center for Labor Market Studies regarding unemployment rates for different income brackets: Read More Here

(PaulWatson) – Video: Obama Debt Czar Says Tax Hikes “On The Table”

The Democratic co-chairman of President Obama’s debt commission, Erskine Bowles, told Fox News Sunday that tax hikes for Americans are “on the table,” despite Obama’s election campaign promise that no individual earning under $200,000 dollars a year would be hit with any tax increases. Read More Here

Video: Gold, Cash, Currency, and Inflation Trends

Pastor Timothy Neptune (First Baptist Church of Marco Island) discusses the realities of our current economic crisis with Steve Meyers of Grainbelt Commodities. For more information, including the complete viewing of each study, visit us at http://www.fbcmarco.com Continue reading →

Economy

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(HuffingtonPost) – Dodd Bill Would Allow Fed To Hide Its Spending – Read More Here

(JakartaGlobe) – Goldman probe a smokescreen to divert attention from financial crisis

A top Asian fund manager said on Wednesday the civil fraud allegations against massive Wall Street bank Goldman Sachs was a smokescreen to divert attention from the financial crisis in the United States. Read More Here

(USAWatchdog) – Failure Is the Only Reform We Need – Read More Here

(PubliusForum) – $338.3 Billion Paid to Service America’s Illegal Aliens

My friend Gary Karlin over at the Evanston Conservative blog has spent the last year or so collecting a series of stories detailing the costs of illegal aliens to the United States. Read More Here

(CNN) – Report: SEC staffers watched porn as economy crashed – Read More Here

(HoweStreet) – Hyperinflation Looms – The Dollar Arrives at Its ‘Havenstein Moment’

There is an interesting article in Canada’s Globe & Mail about the lack of growth in the US money supply. Ignoring for the moment that the quantity of dollars in circulation is significantly underreported, it observes:

“The money supply in the United States is doing something that almost never happens: it’s shrinking, after taking into account inflation. Similar episodes in the past have usually been scary times for investors. Declines in the amount of money in circulation have coincided with recessions, and some analysts looking at the current trend say it is a harbinger of trouble. Despite signs that the U.S. is in recovery, they worry that the money supply numbers indicate the economy remains vulnerable to the feared double-dip downturn, or is close to experiencing deflation.”
Read More Here

(CNBC) – Governments Will ‘Bankrupt Us’: Marc Faber

Current economic policies are not sustainable and the world faces doom because “the governments are taking over”, said Marc Faber, editor & publisher of The Gloom, Boom & Doom Report. Read More Here

(FauxCapitalist) – The CIA overstates Canada’s government spending by more than 200% – Read More Here

(GoldenTruth) – Russia and China Are Selling Treasuries and Buying Gold…

Fred Hickey of the High Tech Strategist newsletter fame gave a brutally honest interview with The Wall Street Cheat Sheet about the financial/economic condition of the United States and how China and Russia, two of the largest financiers of our Government, are protecting themselves from the reckless policies of Obama and Bernanke. Here’s is a quote: Read More Here

(HuffingtonPost) – LA Court System In Financial Crisis, Closing Court Rooms

An unprecedented financial crisis afflicting the nation’s largest court system is in the hands of the policy making California Judicial Council, with Los Angeles court officials awaiting its decision on their plea for an infusion of cash. Read More Here

(ZeroHedge) – Alan Grayson Discloses That Dodd Bill Covertly Eliminates Already Passed Legislation Requiring Full Fed Audit

Once again we get confirmation that Chris Dodd is nothing but a paid manservant for his Federal Reserve masters, in addition to being a lame duck, whose last days in office are meant to do everything to allow the old-school Wall Street ways of endless secrecy and Fed bailouts to continue in perpetuity. Read More Here

(ZeroHedge) – Insights Into America’s Disneyland And Our “Neo-Feudalistic, Gulag Casino Economy” From Mike Krieger – Read More Here

(LewRockwell) – Video: How an Economy Grows and Why It Crashes – Lew Rockwell Show with Peter Schiff – View Video Here

(MoneyNews) – Video: Jim Rogers: Next Recession Will Be Much Worse – Video Link Here

(ZeroHedge) – Richard Koo Says If Banks Marked Commercial Real Estate To Market,It Would “Trigger A Chain Of Bankruptcies”

Richard Koo’s latest observations on the US economy are as always, a must read. The critical observation from the Nomura economist explains why the realists and the naive idealists are at greater odds than ever before: the government continues to perpetuate, endorse and legalize accounting fraud in the hope that covering everything up under the rug will rekindle animal spirits. Read More Here

(Fortune) – ‘The SEC is a farce’ – expert Read More Here

(WashingtonsBlog) – Are Interest Rate Derivatives a Ticking Time Bomb?

Derivatives are the world’s largest market, dwarfing the size of the bond market and world’s real economy. Read More Here

(CommonDreams) – Democrats Haunted by Corporate Ties

President Barack Obama and congressional Democrats are promising a climactic clash with Wall Street, but there’s a complication in their battle plan: The Democratic Party is closer to corporate America – and to Wall Street in particular – than many Democrats would care to admit. Read More Here

(CNN) – Video: Federal Reserve – Destroying the American economy since 1913 – View Video Here

(Courant) -2,000 Connecticut Teachers Face Layoffs Before Next School Year More Here..

(Reuters) – Sallie Mae To Cut 2500 Jobs More Here..

(BuffaloNews) – Buffalo: City School Budget would Lay off 700 More Here..

(NBR) – Fletcher Layoffs Hit 120 People More Here..

(ClevelandBlog) – Hundreds of Cleveland teachers, Principals to Lose Jobs More Here..

(Wicz) – Lockheed Martin: 472 Layoffs More Here..

(Freep) – Detroit Public Schools sends layoff notices to 2000 Teachers More Here..

(SeattleTimes) – Boeing issues layoff notices to 130 in state, 300 companywide More Here..

(CityRoom) – More than 1,000 staff members were laid off on Monday at the bankrupt St. Vincent’s Hospital Manhattan. More Here..

(AlexJones) – Video: Bill Murphy Reveals JPMorgan Chase’s Gold & Silver Manipulation on Alex Jones

Alex talks with Bill Murphy, a financial commentator and chairman of GATA, the Gold Anti-Trust Action Committee. GATA was organized in January 1999 to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities. GATA exposes and actively opposes collusion against a free market in gold, other precious metals, currencies, and related securities. Continue reading →

Very Good Reason to Believe Home Prices Will Collapse – Peter Schiff

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The latest housing initiative announced today by the Obama Administration draws the U.S. government and, by proxy, all taxpaying Americans, further into the inescapable quagmire of a devastated real estate market. Continue reading →

Economy

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(BusinessInsider) – 70% Of The Elderly Aren’t Retiring Because They Can’t Afford To Anymore

A new survey from Career Builder exposes what will be an increasingly common trend as America ages demographically — older workers are being forced to keep working and postpone retirement for financial reasons. Read More Here

(BusinessInsider) – Greece Just Passed Another $6.6 Billion Cut, Now Let’s See How Its People React

Greece is almost over the bailout finish line! Read More Here

(Prospect) – The Plight of American Manufacturing

Since 2001, the U.S. has lost 42,400 factories — and its technical edge. Read More Here

(JSMineSet) – The Skinny On Greece And What It Means To Gold

Greece will fail and be rescued is all that is discussed in the financial world. Here is the real skinny: Read More Here

(MarketOracle) – Nine Shocking Forecasts for Stocks, Gold, Economy and Financial Markets for 2010-2012

We have just ended an online video conference to brief investors on major events that could forever change your future.

We made nine new predictions to pinpoint, as accurately as possible, how and when that future is likely to unfold. Read More Here

(ABCNews) – Economists: Another Financial Crisis on the Way

Even as many Americans still struggle to recover from the country’s worst economic downturn since the Great Depression, another crisis – one that will be even worse than the current one – is looming, according to a new report from a group of leading economists, financiers, and former federal regulators. Read More Here

(RussiaToday) – Video: Tent City In NY – View Video Here

(USAToday) – New ghost towns: Industrial communities teeter on the edge

When Henry Kaiser arrived 55 years ago, this place was no place — “a rural problem area,” the government called it, so poor and isolated that the population had dropped 15% since 1940. Read More Here

(SafeHaven) – Dont Bet on a Recovery – Peter Schiff

It is astounding how many economists, government officials, and Wall Street strategists construe the current economic conditions as evidence of a bona fide recovery. It is a testament to the power of the rose colored glasses handed out by our nation’s leading universities that such a feeling could be widely held despite the clear and present danger that compounds daily. The myopia leads us to enact policies that actually exacerbate our problems. The “remedies” are postponing, perhaps indefinitely, a true recovery. Read More Here

(DotEarth) – Fuel Taxes Must Rise, Harvard Researchers Say

To meet the Obama administration’s targets for cutting greenhouse gas emissions, some researchers say, Americans may have to experience a sobering reality: gas at $7 a gallon. Read More Here

(CanadaFreePress) – Citibank needs seven days?

Late last week, a slight furor arose when it became public knowledge that Citibank sent the following notice to customers:
“Effective April 1, 2010, we reserve the right to require seven (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change.” Read More Here

(GlobalResearch) – Looming Crisis: America’s Credit Card Debt Bubble-Burst

If you are one of the millions of Americans locked into long term debt service, your road to debt serfdom was likely paved by a mortgage, home equity loan, credit cards, or a combination of all three. Read More Here

Video: Life’s Easy For Government Workers – Andrew Napolitano & Peter Schiff

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(Fox) – Freedom Watch – February 24, 2010

See Also: Ron Paul on Freedom Watch – Winning the Hearts and Votes of Conservatives – Continue reading →

More Government Equals Fewer Jobs – Peter Schiff

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(C4L) – With today’s unexpected decline in December payrolls, the cry for more job-related stimulus will grow even louder. But the sad truth is that any new stimulus or jobs bills will ultimately swell the ranks of the unemployed, thereby raising calls for an even bigger federal effort. If we are not careful, government regulations, subsidies, and spending, all designed to fight unemployment, could push the labor market into a death spiral. Continue reading →

Video: Peter Schiff and Jim Rogers are Financial Terrorists – Max Keiser

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Max Keiser talks to Stacy Herbert about financial terrorism, Osama bin Laden, Peter Schiff, the world reserve currency, Jim Rogers, Marc Faber, Green Peace, Exxon Mobil, eco-terrorism, Sean Hannity, Bill O’Reilly, the war on drugs, CIA drug trade, the war on terror, false flag operations, Glenn Beck, propaganda. Continue reading →

The Precarious State of Our Union – Peter Schiff

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In this week’s much anticipated State of the Union address, President Obama again demonstrated his poor understanding of the fundamental problems that confront our nation. By following the advice of the same people who helped guide our economy to the precipice of total collapse, Obama now threatens to push it over the edge. Continue reading →

Video: The Dollar is now collapsing – Peter Schiff

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(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 →

Bernanke’s to Blame – It’s Not Our Fault – Peter Schiff

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It seems that the primary qualification needed by any chairman of the Federal Reserve is the ability to never admit error, no matter how damning the evidence. During his tenure on the job, Alan Greenspan set the standard for implausible deniability. But in a speech last weekend in Atlanta, current chairman Ben Bernanke did the Maestro one better. In a tortured academic dissertation, Bernanke explicitly denied any Fed culpability for inflating the housing bubble and for the financial crisis that began when it burst. Despite his best efforts, no one seemed particularly convinced. By taking such an absurd stand, he has destroyed any credibility he may have had left. Continue reading →

Campaign for Liberty Headlines

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Losing the Bill of Rights

Last month, President Obama announced that Khalid Sheik Mohammed would be transferred to New York, where he would stand trial in U.S. district court for his purported role as principal architect of the 9/11 attacks. At the same time, Obama announced that other terrorist suspects would continue to be tried for terrorism in the Pentagon’s military-commissions system, which was established after 9/11. Read More Here

A Hell of a Decade – Peter Schiff

In its recent look back on the first ten years of the century, Time Magazine proclaimed the period to be “the decade from hell.” The editors made their case based on what they saw as the signature events of the last ten years, notably the ravages of terrorism, failed wars, and a global financial crisis. Taken together, these factors produced an era that Time is convinced will be remembered as one of the low points in our history. Read More Here

Libertarianism in Ancient China

The three main schools of political thought: the Legalists, the Taoists, and the Confucians, were established from the sixth to the fourth centuries BC. Roughly, the Legalists, the latest of the three broad schools, simply believed in maximal power to the state, and advised rulers how to increase that power. The Taoists were the world’s first libertarians, who believed in virtually no interference by the state in economy or society, and the Confucians were middle-of-the-roaders on this critical issue. Read More Here

Corporatism and Socialism in America

Principled advocacy of the free market requires an understanding of the differences between genuine free enterprise and “state capitalism.” Although the Left frequently exaggerates and overemphasizes the evils of corporate America, proponents of the free market often find themselves in the awkward position of defending the status quo of state capitalism, which is in fact a common adversary of the free marketer and the anti-corporate leftist, even if the latter misdiagnoses the problem and proposes the wrong solutions. Read More Here

Mission Not Accomplished – Peter Schiff

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Although Barack Obama has refrained, at least for now, from delivering triumphant speeches in a naval flight suit, there is nevertheless a strong tone of accomplishment emanating from the President and his deputies. Over the weekend, top White House economic adviser Lawrence Summers even pronounced that the recession is now over. Without hedging his bets, Summers declared that thanks to the Obama Administration’s wise stewardship, economic stimuli, and emergency bailouts, another Great Depression, set up by the prior Administration, had been narrowly averted. Summers saw no impediments to the return of sustainable growth. He may as well have delivered these remarks from the deck of an aircraft carrier. Continue reading →