“Peter Schiff, radio host and expert economist, joins Judge Napolitano on Freedom Watch to discuss the lies and hypocrisy of Federal Reserve chairman Ben Bernanke.” On the national debt, Schiff believes the real danger is in raising the debt ceiling, not failing to raise it. He argues that Bernanke’s monetary policy is affecting other nations, [...]
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Little Press: Andrew Mitchell, an analyst with Charles Stanley Securities, predicted the deals signalled a new wave of consolidation in the sector. He described the Deutsche/NYSE tie-up as “a much more substantial beast,” and added: “The consensus is that we will end up with a handful of global exchanges.” Deutsche Börse and NYSE Euronext, the [...]
“Fraud thrives in a recession, so insurers are intensifying their crackdown on insurance cheats,” said Nick Starling (1), the ABI’s director of insurance. Many consider it fraud when an insurance company forces people with legitimate claims to resubmit them again and again, or hire an expert to do it before the claim is paid. We’re [...]
“Large oil companies have for a decade artificially shorted the gasoline market to drive up prices,” said FTCR president Jamie Court. “Oil companies know they can make more money by making less gasoline.” The following article was written by Paul Joseph Watson. He is the editor and writer for Prison Planet.com. He is the author [...]
“Already, U.S. housing prices have fallen further during this economic downturn (26 percent), then they did during the Great Depression (25.9 percent).” Approximately 11 percent of all homes in the United States are currently standing empty. In fact, there are many new housing developments across the U.S. that resemble little more than ghost towns because [...]
“AUSTRALIA will face ”significantly” bleaker economic prospects when the resources boom ends unless it reverses a damaging slump in productivity, a new report has found.” To avoid this fate, the report from the Grattan Institute calls on the government to revive the economic reform agenda, with a focus on better training and promoting innovation. If [...]
“Not only did their stimulus fail to create the jobs of tomorrow, it also failed to protect the jobs of today,” Scott Brison, the opposition Liberal Party’s spokesman for finance issues, said by telephone. “Most of us were shaking our heads in disbelief early last year with the size of the employment growth,” said Douglas [...]
“Elsewhere in the Middle East, there has already been trouble in Oman that could spark a geopolitical spike in oil and further amplify the hole the China is dug. I would caution speculating on oil at this point, however, because I suspect hoarding there as well. When the China downturn becomes glaringly apparent, there could [...]
“Statistically, the more people are involved in their own investments decisions – as opposed to solely relying on an advisor’s advice – the better they do. The only way to do this is to get educated any way you can. “ Some people tend to forget that individuals with considerable sums tied up in investments [...]
Gerald Celente, the founder of the Trends Research Institute, believes that the Internet will empower the youth of the world to unite to start a revolution that will overthrow the existing deadlocked elitist establishment. He predicts that in 2011 every citizen is going to realize that the Great Recession the world has been living through [...]
“Inflation has exhausted people. Prices of food, fuel, electricity, sugar are rising. The rich get richer and the poor poorer,” said a Cairo taxi-driver, declining to be named. “God knows what will happen today. After Tunisia anything is possible.” The Egyptian capital Cairo was the scene of violent chaos Friday, when tens of thousands of [...]
““We want regulation of primary commodity financial markets,” Sarkozy said in a speech in Paris overnight. “How can you explain that we regulate money markets and not commodities?” Without action, he warned “we run the risk of food riots in the poorest countries and a very unfavourable effect on global economic growth” — Sarkozy French [...]
“This is obviously very worrying, just at a time before the VAT increase hits so this looks awfully like the UK is headed back to double-dip,” Blanchflower told CNBC. “I think people have underestimated the sheer size of this shock,” he said. Britain’s “awful” gross domestic product figure for the fourth quarter is pushing the [...]
“The Monetary Theory of the Great Depression is incorrect, however. Consequently, the Fed’s Quantitative Easing policy is more likely to exacerbate than resolve the global crisis,” Duncan argued in an article. “The Great Depression was caused by the inability of the private sector to repay the debt it incurred during the Roaring Twenties, just as [...]
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- BRICs establish their own IMF to counter Western dominance: ...
- Real list of countries on verge of bankruptcy
- US Dollar begins steady collapse; IMF employee shot
- Get rid of your mortgage, loans, because interest rates set ...
- Video: the real crash is yet to come: Peter Schiff
- US dollar abandoned by 9 countries; US Dollar falls further
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