Banking System at the Brink
Yesterday’s intervention by six central banks indicates how close to the edge of a financial crisis the world now is. A hard-hitting article in Britain’s Guardian reveals how close to a breakdown banks...
View ArticleEuropean Debt Crisis Threatens the Dollar–Ron Paul
European Debt Crisis Threatens the Dollar Ron Paul writes: The global economic situation is becoming more dire every day. Approximately half of all US banks have significant exposure to the debt...
View ArticleBoston FED President Says FED Can Bail Out Europe
The president of the (privately owned) Federal Reserve Bank of Boston said recently that the European Central Bank can and should inflate, so as to solve the crisis. But the Federal Reserve can and...
View ArticleFED Bank Bailout Papers Prove the Tea Party Is Right
Bloomberg had to get a Supreme Court ruling to get the Federal Reserve to turn over 29,000documents on the 2008/9 big bank bailouts. Slowly, journalists are finding out what happened. They are also...
View ArticleFrench Fried Banks
If Italy defaults in the next few weeks, or even suspends interest payments, French banks will need a massive bailout. Where will they get the money? From the French government? But where will it get...
View ArticleA Return to Gold Is Inevitable — Peter Schiff
The West’s economy is interlinked by currencies, banks, and debt. There is no island of safety. Peter Schiff has written a provocative report on how close we are to what he calls the crack-up. It’s a...
View ArticleYellow Alert: Key Federal Reserve Planner Bails Out
The man in charge of the Federal Reserve’s infamous “operation Twist” has just announced that he is quitting. At age 41, hardly anyone quits the FED. He is at the New York FED, the privately owned...
View ArticleDrought Burns a Hole in Taxpayers’ Wallets
Half of America’s counties are suffering from a major drought. The federal government has identified these counties as national disasters This means bailout money is on its way. Bailouts are a way of...
View Article$1 Trillion Bailout: Student Loans
There is now a proposal before Congress for the government to pay off all the banks that have lent money to students. The government has already changed the bankruptcy law to make it almost impossible...
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