Oceans of taxpayer money and patience have been devoted to propping up the banking system. Why? So that when we go to retrieve our money from an ATM our money will actually come out. At least that’s what then-Treasury Secretary Hank Paulson told us when the big banks were on the verge of hitting the fan in 2008 and 2009.
It is my contention that the 70-year debt supercycle has come to an end.
To put the current financial situation in perspective, here's a long-term history of the debt-to-GDP ratio, which reached a record high at the beginning of the current crisis. It was a dramatic change in 2009, unlike anything since the aftermath of the Great Depression.
By Louis James, Chief Metals & Mining Investment Strategist
Archimedes once said that if he had a lever long enough and a place to stand, he could move the world. Today, the half-Greek island of Cyprus appears to be the fulcrum, and the long arm of the EU may be the lever that heaves the entire world over the edge of the abyss.
Since mid-2009 the US has been enjoying a virtual recovery courtesy of a rigged inflation measure that understates inflation. The financial Presstitutes spoon out the government’s propaganda that prices are rising less than 2%. But anyone who purchases food, fuel, medical care or anything else knows that low inflation is no more real that Saddam Hussein’s weapons of mass destruction or Gadhafi’s alleged attacks on Libyan protesters or Iran’s nuclear weapons. Everything is a lie to serve the power-brokers.
The U.N. General Assembly overwhelmingly approved a resolution Monday calling on Israel to quickly open its nuclear program for inspection and backing a high-level conference to ban nuclear weapons from the Middle East which was just canceled.
The US is no longer the safest place in the world to invest, says Don Coxe, a strategic advisor to the BMO Financial Group. While US-based companies are forced to wade through red tape and legal challenges, relatively lax regulation in emerging economies created stiff competition. In this exclusive interview with The Energy Report, Coxe explains how investors should position themselves as China and India rise to superpower status.
Newly released internal emails from the U.S. private security firm Stratfor state that in 2007 the Bush Administration and CIA ordered the Drug Enforcement Agency to back off a major drug trafficking investigation of Afghan President Hamid Karzai's half brother.
By Stephen Lendman
A new report jointly prepared by Stanford University's International Human Rights and Conflict Resolution Clinic (SU) and New York University School of Law's Global Justice Clinic (NYU) is titled "Living Under Drones."
You don't have to live alone in the woods, reading issues of Guns and Ammo and co-writing your manifesto with beard lice, to be terrified about the state of basic freedoms in America today. Given the counterterrorism provisions in the fairly recent National Defense Authorization Act of 2012 (NDAA), we currently live in a country where the government can pick up American citizens and detain them indefinitely without access to a lawyer or even a criminal trial. That means locked up forever without even the basic protections we afford to rapists and murderers.
A German federal court has said that country’s central bank should conduct annual audits and physically inspect its gold reserves worldwide, including gold in the custody of the Federal Reserve Bank of New York. In addition to the FRBNY, Bundesbank gold is stored in London, Paris and Frankfurt.
I attended this year's New Orleans Investment Conference along with Doug Casey, Marin Katusa, and Casey Research's CEO, Olivier Garret. It was fun to see many old friends among the attendees and other speakers, but the most interesting thing was an experiment I conducted as part of my speech.
DailyPaul: After thinking about it for some time, I have decided to share my true story with you, in the hope that maybe even a few can be convinced of the absolute tyrannical state of our government and the absolute necessity of fighting to keep our 2nd Amendment rights at all costs.
What I am about to tell you is the truth. I am not twisting the facts in any way or changing any names to protect the innocent (whoever they may be).
Source: The Hill: The White House is circulating a draft of an executive order aimed at protecting the country from cyberattacks, The Hill has learned.
The draft proposal, which has been sent to relevant federal agencies for feedback, is a clear sign that the administration is resolved to take action on cybersecurity even as Congress remains gridlocked on legislation that would address the threat.