Category: economy

The Shadow Banking System: A Third Of All The Wealth In The World Is Held In Offshore Banks -And how the ultra-rich use to forward their agenda

The Shadow Banking System: A Third Of All The Wealth In The World Is Held In Offshore Banks You and I live in a totally different world than the ultra-rich and the international banking elite do.  Many of them live in a world where they simply do not pay income taxes.  Today, it is estimated […]

Read More…

US: The federal government demands that power plants and oil refiners must reduce greenhouse gas (GHG) emissions and obtain permits before building new facilities. Texas refuses to comply and is suing the feds for overreach of authority

[sourced from Edward Griffin’s www.RealityZone.com] So far, federal courts have ruled on the side of the federal government. [GHG emissions, like CO2, are either harmless or miniscule, so the permits have nothing to do with reducing pollution. They are for revenue and control.] WSJ 2010 Dec 31 (Cached) Texas Launches Another Legal Challenge to Greenhouse-Gas Rules […]

Read More…

Oil Juggernaut Unleashed -the steamrolling inflation we are soon to see at the pump in the next couple of years

Guest Post: Oil Juggernaut Unleashed Submitted by Tyler Durden at zerohedge.com The prevalence of crude is undeniable. You might dabble in green-think cultism or you might drive an obnoxious monolith of a Hummer (what I like to call an “overcompensation-mobile”), but neither philosophy of consumption dares to contradict that this world runs on oil. Petroleum is […]

Read More…

VIsualizing The Coordinated Global Monetary Response

VIsualizing The Coordinated Global Monetary Response Submitted by Tyler Durden at zerohedge.com The presented interactive chart from the WSJ tracks the intervention by global central banks in the monetary realm. It should come as no surprise that following the Lehman failure, virtually the entire world went from red (tight liquidity) to green (loose, and ostensibly for […]

Read More…

Roubini On The Chinese Liquidity Hangover -Radical change in Chinese Economy

Roubini On The Chinese Liquidity Hangover Submitted by Tyler Durden at zerohedge.com Following China’s Christmas day hike, Roubini Global Economics has put together a brief (and not so brief for clients) summary on the firm’s views of what the Chinese post-liquidity stimulus hangover will look like. Here is how Nouriel’s firm summarizes its near-term views on […]

Read More…

Shadow Stats’ John Williams Discusses The Reasons For The Upcoming Dollar Dump

John Williams Discusses The Reasons For The Upcoming Dollar Dump ZeroHedge.com by Tyler Durden Lately, anywhere we look, there seems to be a pattern emerging: those economic thinkers who actually construct and run their own macro models (not the glorified powerpoint presenter variety) and actually do independent analysis and tracing of the money flow, instead of […]

Read More…

Exclusive: US empire could collapse at any time, Pulitzer winner tells Raw Story

RawStory.com By Nathan Diebenow America’s military and economic empire could collapse at any time, but predicting the precise day, week or month of its potential demise is unattainable, according to a former New York Times war correspondent who spoke with Raw Story. “The when and how is very dangerous to predict because there’s always some factor that […]

Read More…

Tea Party’s Ron Paul Appears Poised to Irk the Fed Chief

NYTimes.com A congressman from Texas, long a dissident critic of the Federal Reserve, is scheduled to become the chairman of a House panel with jurisdiction over the central bank. It promises to be a miserable time for the Fed chairman as he is peppered with hostile questions at oversight hearings and with legislation to force complete […]

Read More…

Dude, Where’s My Mortgage? How an Obscure Outfit Called MERS Is Subverting Our Entire System of Property Rights

Banks have scrambled America’s system of private property ownership to the point that no one knows who owns what. Alternet.org “For the first time in the nation’s history, there is no longer an authoritative, public record of who owns land in each county.” — University of Utah law professor Christopher Peterson There is an unbelievable […]

Read More…

BREAKING: Democrats fold to Republicans on Omnibus spending bill! “Harry Reid finally admitted he didn’t have the votes to pass the pork-filled omnibus”

By Malkusm at RonPaulForums.com From the Facebook page of Sen. Jim DeMint: Jim DeMint: “Harry Reid finally admitted he didn’t have the votes to pass the pork-filled omnibus. Too embarrassed to read their own bill, Democrats agreed to a short-term CR, funding government at current levels without earmarks.” This also means that S.510 (the FDA […]

Read More…

Tea Party’s Ron Paul : Fed Will End Itself Before I´m Able To Do It! -“High Unemployment Caused by Federal Reserve” (VIDEO)

Tea Party’s Ron Paul : Fed Will End Itself Before I´m Able To Do It! – Dr. Ron Paul on Fox Biz: “High Unemployment Caused by Federal Reserve” “Greenspan Failed, He Gets an F” “It is not the individual it is the process… …it is the philosophy” “They are Out of Control” “People Who Hold […]

Read More…

Asians are aggressively exchanging US dollars for gold and silver -When they get it “the game is over!”

KWN Source – “When That Happens, The Game is Over” KingWorldNews.Com By Eric King -The contact out of London has updated King World News on the massive Asian buyers which have been accumulating both gold and silver.  The London source stated, “Last week Asian buyers let the price come in to them.  They were buying all […]

Read More…

Tea Party’s Ron Paul: Fed ‘monopoly’ could be broken if Americans use gold, silver as currency

Ron Paul: Fed ‘monopoly’ could be broken if Americans use gold, silver as currency RawStory.com By Stephen C. Webster As the incoming chairman of the House monetary policy subcommittee, Rep. Ron Paul (R-TX) will hold the bully pulpit when it comes to the nation’s money woes. He’s not wasting any time getting right to the heart […]

Read More…

Omnibus Spending Bill in Senate -Tell them NO!

Campaignforliberty.com by Tim Shoemaker On Tuesday, the Senate Democrats introduced an omnibus spending bill that could come up for a vote at any time.  At 1,924 pages and over $1.2 trillion in spending, this bill will do nothing more than continue Washington’s unsustainable deficit spending. Additionally, the language from S. 510, the FDA’s War on […]

Read More…

Republicans Make Good On Threat To Force Lame Duck Spending Showdown

Senate Minority Leader Mitch McConnell tpmdc.talkingpointsmemo.com -Brian Beutler Before the midterms, conservative leaders were warning that they’d force a showdown over federal spending much earlier than expected: in the lame duck session, before the newly elected Republicans come to Washington. They weren’t joking. Republican and Democratic leaders are now engaged in a brinksmanship that could result […]

Read More…

Regulators exist to ‘serve the banks,’ next House finance chairman Spencer Bachus declares

Regulators exist to ‘serve the banks,’ next House finance chairman declares RawStory.com By Sahil Kapur Monday, December 13th, 2010 — 3:25 pm Alabama Republican Spencer Bachus, the incoming chairman of the House banking committee, suggested Congress and federal regulators should play a subservient role with banks. “In Washington, the view is that the banks are to […]

Read More…

Water, Meet Blood – JP Morgan Admits To, Reduces Massive Silver Short Position, Proves Millions Of Conspiracy Theorists Correct

ZeroHedge.com by Tyler Durden In the latest example that virtually every conspiracy theory is almost always inevitably proven to be fact, the Financial Times reports that JP Morgan, the firm targeted by thousands of “tin foil hat” wearing, conspiratorially-oriented “gold bugs”, has cut back on its US silver futures. “JPMorgan has quietly reduced a large position […]

Read More…

Truth is the Greatest Enemy of the State – Paul Craig Roberts -On the Edge with Max Kaiser-Latest on Global Financial Crisis

PressTVGlobalNews | Dr. Paul Craig Roberts, former assistant Secretary to the US Treasury, is Max’s guest for today’s show to talk about the WikiLeaks. Max asks Dr. Roberts about what he thinks of what is happening to WikiLeaks story, in particular the US, led by Joe Lieberman, which has been forcing WikkiLeaks offline. This, and […]

Read More…

Secret GOP Plan: Avoid A Massive Bailout By Pushing States To Declare Bankruptcy, Smashing Unions

TheDailyBail.com: This has been anticipated for months.  Watch bubble-state muni bond portfolios crater as ponzinomic reality sets in for California, Illinois and others. — From Reuters Congressional Republicans appear to be quietly but methodically executing a plan that would a) avoid a federal bailout of spendthrift states and b) cripple public employee unions by pushing […]

Read More…

Peter Boettke on the Rise of Austrian Economics, Its Academic Inroads and Why the Market Should Decide

The Daily Bell – with Anthony Wile Exclusive Interview Dr. Peter Boettke The Daily Bell is pleased to present an exclusive interview with Peter J. Boettke (left). Introduction: Peter J. Boettke is the Deputy Director of the James M. Buchanan Center for Political Economy, a Senior Research Fellow at the Mercatus Center, and a professor in the […]

Read More…

John Williams: Hyperinflation Will Start in the Next Couple Months

SHTFplan.com: Mac Slavo John Williams of Shadowstats has repeatedly warned that our economy is not doing as well as some would have you believe. From unemployment to GDP to current and future liabilities, there are fundamental problems that will not be resolved anytime soon – in fact, they’re likely to get worse. The end result according […]

Read More…