“”People sense that in the era of quantitative easing and zero interest rates, something has gone haywire with our monetary policy. But people are afraid to say it,” said Bell. “If one state recognizes gold as a valid currency, I think it would embolden people not just in other states but in Washington.” — Jeff [...]
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“We’re talking about huge sums of money going to bail out large foreign banks,” said Senator Bernard Sanders, the Vermont independent who wrote the provision in the Dodd-Frank Act that required the Fed disclosures. “Has the Federal Reserve become the central bank of the world? I think that is a question that needs to be [...]
“Rep. John J. Duncan Jr., former Chairman of the House Aviation Subcommittee and the current top Republican on the House Subcommittee on Highways and Transit, blasts TSA’s invasive “pat downs” during a speech on the floor of the House of Representatives on November 17, 2010. Duncan also questions the role of lucrative government contracts in [...]
“Gold futures rallied to a record over $1,380 an ounce Thursday, and silver futures rocketed more than 6%, after investors piled into precious metals as a hedge against the sinking U.S. dollar after the Federal Reserve rolled out a new, $600 billion of extraordinary stimulus measures to prevent deflation.” — Marketwatch There are those who [...]
“Neither a Keynesian big spending program, nor the military-industrial complex can create long-lasting employment or economic prosperity for our country. The only way to restore both peace and prosperity is to draw down our overseas commitments, along with unconstitutional spending at home and return to the founders’ vision of a limited republic that neither straddles [...]
“”The Fed’s best hope seems to be trying to convince investors that short term interest rates are going to remain lower for longer than they currently expect or that inflation is going to be higher. The most likely outcome is that the Fed will buy $500 billion of Treasury securities over the next six months [...]
Bank of England governor Mervyn King has warned that tensions between countries over their respective exchange rates could degenerate into trade protectionism amid talk of a potential ‘currency war’. So basically, economists and finance ministers who brought up the fear of a currency war are now saying it’s nothing to be afraid of and everything [...]
“This would, of course, be a sister government ponzi scheme working in tandem with Social Security, the primary purpose being to give big government politicians additional taxpayer funds to raid to pay for their out-of-control spending,” writes Connie Hair. The government is preparing to seize the private 401(k) pensions of millions of Americans while enforcing [...]
Batts said the 80 officers slated to be laid off – mostly new officers – are “pretty sad and pretty depressed,” and those feelings are shared by the Police Department as a whole. Sadly during the coming economic depression we’ll be seeing more and more of our men in blue being laid off to find [...]
“The result of currency devaluations can be boiled down prosaically: savers get screwed. Remember, it is the Baby Boomers who have the largest accumulation of savings- either in the form of savings accounts, bonds, or home equity- and therefore, the most to lose from a devaluation. ” Contrarian Governments seem to forget that one must [...]
Financial advisors are the clowns who are making huge profits off of your money no matter which way the market goes. A very small percentage of these “professionals” could not even predict the crash which happened (it was easy to see coming because of de-industrialization). Now they are pushing for investors to throw more into [...]
“Data released by the FBI’s National Instant Criminal Background Check System (NICS) for the year reported 14,033,824 NICS Checks for the year of 2009, a 10 percent increase in gun purchases from the 12,709,023 reported in 2008.” Come along with NRA News’ investigative reporter Ginny Simone as she takes a look at the global gun [...]
“Reading the newspapers these days, you have to wonder whether Canada was on another planet when the global credit crisis hit.” — Murray Dobbin All the news reports from Canadian real estate associations touting that the housing “recession has ended” is just about as worthless as the hot air coming out of politicians mouths. Very [...]
It was just a year since we were told that the level of personal debt on multiple credit cards per person and the enormous mortgage debt was totally out of control. Just a year later and we are now in a so-called “recovery.” Can we therefore assume that all this personal debt has been monumental [...]
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