(ZeroHedge) – In a little under three minutes, Ron Paul explains to a somewhat nonplussed CNBC anchor just how ridiculous the charade that is occurring in D.C. actually is. This succinct spin-free clip should be required viewing for each and every asset-manager, talking-head, propagandist, and mom-and-pop who are viewing the last-minute idiocy of the ‘fiscal cliff’ debacle with some hope that things will be different this time. Read the rest of this entry »
(MoneyMorning) – In a riveting interview on CNBC, legendary investor Jim Rogers warned Americans to prepare for “Financial Armageddon,” saying he fully expects the economy to implode after the U.S. election. Read the rest of this entry »
(HigginsBlog) – Longstanding political pressures has stopped LENR cold fusion technology from even being researched, but now CNBC reports that may be changing. Read the rest of this entry »
(BeforeItsNews) – At the 3:20 mark of the video, you will hear the question “Do we all work for the Central Bankers?” Don’t be surprised to learn what the answer to that question will be. Read the rest of this entry »
(ZeroHedge) – CNBC hits the nail on the head as Europe debates bailout package that amounts to a gold confiscation scheme for nation’s hit by the Sovereign debt crisis. Read the rest of this entry »
(SicSemperTyrannis) – What used to be talked about as “conspiracy theory” is now being discussed openly among the nations of the world. A global currency called the “Bancor” may soon be the global currency, and along with it a global central bank.
“Give me control of a nation’s money and I care not who makes her laws.”
Those were the words of Mayer Amscel Rothschild of the Elite Rothschild Banking Family of Europe. And it is apparent that those in power hope to gain control of not only a single nation’s money, but of all nations’ monetary systems into a single Central Bank with a Global Currency. In that instance, whoever controls the monetary system of the world, will in effect control the policies and laws globally as well. Read the rest of this entry »
In this edition of the Reality Report, Gary Franchi blows the lid off the Pennsylvania DHS list targeting activists. He also sits down with Arizona State Senate Libertarian Candidate Andrea Garcia to talk about her race for the Senate seat. Obama gets schooled during his own Town Hall meeting on CNBC, and we have the video. Nina breaks down the headlines including who is funding the Ground Zero Mosque and how the U.S. is in bigger debt than the Government is letting on. She also plays the controversial video of the middle school students praying at a Mosque during a field trip and reports on a new tax concept being proposed in the UK. The viewers brand a new “Enemy of the State” and the mailbag is sifted. Read the rest of this entry »
(RawStory) – Update at bottom: Paul tells CNBC he’s “leaning to being undecided”
Remember the big conservative conference Fox News has been hyping over the past 10 days?
The Conservative Political Action Conference’s presidential straw poll, a key marker of the mood among conservative voters, apparently didn’t mean anything to the network. And if it did mean something, the only real result is bragging rights for the individual candidates who were so well exposed. And hey, even Dick Cheney showed up.
Or, at least that’s how Fox News characterized the poll, after it was reported that Congressman Ron Paul (R-TX) had won it by a wide margin. Read the rest of this entry »
In his latest appearance on CNBC, Ron Paul explains to ‘In Fed We Trust’ author and Bernanke apologist David Wessel why we should end the Federal Reserve’s power to set interest rates and engage in central economic planning. Wessel concedes that the Fed has been too secretive for its own good and has become the victim of public anger against bank bailouts. He goes on to perpetuate the myth that we live in a ‘capitalist democracy’ and that such an organization needs an ‘independent’ central bank. Ron Paul counters that the system is already thoroughly politicized and that we don’t have true capitalism, but crony capitalism and economic interventionism. Read the rest of this entry »
Global stocks were mixed Friday, with European shares paring earlier gains after preliminary data showed the euro zone economy’s recovery faltered in the fourth quarter, on top of investors still uncertain as to what will happen to Greece. Read More Here
(Fox) – After Rare Bipartisan Deal, Reid Slashes Jobs Bill
Senate Majority Leader Harry Reid abruptly announced Thursday that he had drastically slimmed down the bill from $85 billion to just $15 billion, tossing out key priorities of both Republicans and Democrats. Read More Here
(WaIndep) – Credit Suisse Declares the U.S. a Riskier Investment Than Indonesia
Amid fears that Switzerland might come to an agreement with the United States on banking privacy and tax evasion disclosures, Credit Suisse issued a report identifying those countries it determined to have the highest risks of default on their sovereign debts. Number 16 on the list was the United States, based primarily on its 2009 budget deficits and government debt. Read More Here
(Reuters) – German halt, Italian reverse hit euro zone recovery
Europe’s post-recession recovery hit a roadblock on Friday as German economic growth unexpectedly halted and Italy went into reverse in the final quarter of 2009, knocking total euro zone GDP growth almost flat. Read More Here
(HindustanTimes) – India’s food inflation inching to 18 per cent
Even as Prime Minister Manmohan Singh stressed last week that the worst was over on rising prices of essential items, India’s annual food inflation based on wholesale prices rose to 17.94 per cent for the week ended Jan 30. Read More Here
(Fox) – Obama Signs Bill Lifting Federal Debt Limit to $14.3 Trillion
President Obama has signed legislation lifting the cap on government borrowing to $14.3 trillion. Read More Here
(Bloomberg) – Beijing Seen Vacant for 50% as Chanos Predicts Crash
Jack Rodman, who has made a career of selling soured property loans from Los Angeles to Tokyo, sees a crash looming in China. He keeps a slide show on his computer of empty office buildings in Beijing, his home since 2002. The tally: 55, with another dozen candidates. Read More Here
Stick a Fork in it, The Dollar is Done
News junkies, currency buffs, and economists of an Austrian tilt have been having quite an entertaining few weeks. Between massive blizzards from Virginia to New England, another baseless Dollar rally, and the hilarious notion that a little Greek debt could unwind the Euro, there certainly has been plenty to talk about. Read More Here
(Aletho) – New Phase, Not Just Another Recession
It is becoming increasingly clear that the financial meltdown of 2008 and the subsequent economic contraction that continues to this day represent more than just another recessionary cycle. More importantly, they represent a structural change, a new phase, the phase of the dominance of “finance capital,” as the late Austro-German political economist Rudolf Hilferding put it. Read More Here
(Portfolio) – Danger Ahead for Small Banks
The small banks that do much of the lending to small business face a crisis in the near future that could force thousands of them to cut back on loans. Read More Here
(StarTribune) – Foreclosure numbers may foretell delinquency surge
The number of U.S. households facing foreclosure in January increased 15 percent from the same month last year, and a surge in cash-strapped homeowners who’ve fallen behind on mortgages could be on the way. Read More Here
(AJC) – Metro Atlanta foreclosures skyrocket this month – Read More Here
(ABC15) – Report: Valley foreclosures not slowing down – Read More Here
(DallasBiz) – Dallas/Fort Worth quarterly foreclosure postings jump 22% – Read More Here
(NYDaily) – Number of New Yorkers at risk of losing their home to foreclosure surges, new statistics show – Read More Here
(MarketTicker) – 30 Year Auction – A Solid ‘F’ – Read More Here
(DailyMail) – Welcome to boarded-up Britain: One in eight shops now stand empty as recession hits high streets
The number of empty shops blighting our high streets has trebled since the start of the credit crunch, it was revealed yesterday. Read More Here
(MailOnline) – Did Goldman Sachs rig the bank-tax vote? Foul play suspected in Richard Curtis internet campaign – Read More Here
(DailyExpress) – Housing Minister: It’s Ok to Lose Your Home
LABOUR’S housing minister yesterday insulted millions struggling to survive the recession by claiming that having their homes repossessed might be their “best option”. Read More Here
(DailyExpress) – Labour’s ‘100 %’ Death Tax
MILLIONS of people could lose almost every penny of their assets under a new “death tax” being considered by Labour to fund care for the elderly. Read More Here
(KurtNimmo) - The Tea Party movement is now almost completely unrecognizable from what it was a few short years ago. It came to prominence in 2008 when the Libertarian Party of Illinois planned to hold an April 15, 2009 anti-tax “Boston Tea Party” in Chicago. In February 2009, the idea grew after CNBC personality Rick Santelli, speaking from the floor of the Chicago stock exchange, criticized the Obama administration’s tax and economic policies and urged Americans become Tea Party activists. Read the rest of this entry »
(CNBC) – “What would be the first two things you would do if you were in Mr Ben Bernanke’s seat?” Jim Rogers: “I would Abolish the Federal Reserve and Resign.” Read the rest of this entry »
(HuffingtonPost) – A Republican senator said Tuesday that documents showing Federal Reserve Board Chairman Ben Bernake covered up the fact that his staff recommended he not bailout AIG are being kept from the public. And a House Republican charged that a whistleblower had alerted Congress to specific documents provide “troubling details” of Bernanke’s role in the AIG bailout. Read the rest of this entry »
After betting heavily on real estate lending, about a third of Utah’s smaller community banks are teetering between collapse and survival after the worst land-value crash in memory. Read More Here
(Bloomberg) – Video: Jim Rogers Discusses Bernanke Reappointment – Fed Policy Video Link Here
(CNBC) – Ron Paul on CNBC’s Squawk Box: Debate on Bernanke and the Fed Video Link Here
(Bloomberg) – Fed E-Mail to Geithner Cites Bank Benefit From AIG
Timothy F. Geithner, who has denied that the financial condition of American International Group Inc.’s bank counterparties was a consideration in structuring the insurer’s bailout, was told by a senior colleague that the rescue was a way to remove “uncertainty” for the firms. Read More Here
(WSJ) – DynCorp’s Iraq Contracts With U.S. Are Scrutinized
The U.S. State Department is struggling with its accounting for billions of dollars spent on police-training contracts in Iraq with DynCorp International Inc. Read More Here
(Reuters) – Record number of young Americans jobless
The U.S. economic recession has taken a particularly heavy toll on young Americans, with a record one out five black men aged 20 to 24 neither working nor in school, according to research released on Tuesday. Read More Here
Pete DuPont: Coming Tax Hikes Will Cause Greater Economic Collapse Than 2008-09
Wall Street Journal op-ed, An Economic Time Bomb: Even If Congress Does Nothing, Tax Hikes Will Hit Hard a Year From Now, by Pete DuPont (Chairman of the Board, National Center for Policy Analysis): Read More Here
(TampaBay) – Pinellas County’s $40 million shortfall will mean layoffs and program cuts
Pinellas County needs to cut spending by 10 percent to solve a $40 million budget deficit for next year, County Administrator Bob LaSala announced Tuesday. Read More Here
(CNBC) – Layers of money managers that don’t bear the brunt of losses but walk away with big payouts when things go well have turned the US economy to a type of “ersatz capitalism,” Joseph Stiglitz, Columbia University professor and Nobel laureate, told CNBC Tuesday. Read the rest of this entry »
(MarketTicker) – In a short conversation this noontime that CNBC apparently has omitted from their archives (Why’s that folks?) Rick Santelli was talking about a potential to effectively force money into the Treasury market.
Where would they get this? From your 401k and IRA accounts!Read the rest of this entry »
No, the headline is not a misprint. According to CNBC, the Federal Reserve bought approximately 80 percent of the U.S. Treasury securities issued in 2009. In other words, the Federal Reserve has been gobbling up the massive tsunami of U.S. government debt that has been created over the past year. This is absolutely unprecedented, and it is yet another clear indication that the U.S. financial system is on the verge of a major economic collapse. Read the rest of this entry »
Far from fading away like the establishment expected, Congressman Paul’s message of freedom, peace, and prosperity continues to garner unprecedented coverage. Read the rest of this entry »
“What are they going to do, quadruple the debt again? Print more money? We don’t have any trees left. We’re running out of trees.”
The U.S. government’s plan to increase spending as a way to kick-start the economy will leave the country with no way to help its way out of the next crisis, Jim Rogers, chairman of Jim Rogers Holdings, told CNBC Thursday. Read the rest of this entry »
“What are they going to do, quadruple the debt again? Print more money? We don’t have any trees left. We’re running out of trees.”
The U.S. government’s plan to increase spending as a way to kick-start the economy will leave the country with no way to help its way out of the next crisis, Jim Rogers, chairman of Jim Rogers Holdings, told CNBC Thursday. Read the rest of this entry »
On Monday night, Congressman Paul appeared on CNBC to debate former ITC chief economist Peter Morici over the Federal Reserve’s role in the economy and the need for greater transparency at the Fed.
On Monday night, Congressman Paul appeared on CNBC to debate former ITC chief economist Peter Morici over the Federal Reserve’s role in the economy and the need for greater transparency at the Fed.
(CNBC) – The US economy is mired in an economic crisis that shows only scant signs of abating, economist David Rosenberg told CNBC. Read the rest of this entry »
(CNBC) – As experts debate the potential speed of the US recovery, one figure looms large but is often overlooked: nearly 1 in 5 Americans is either out of work or under-employed. Read the rest of this entry »
(CNBC) – Federal Reserve officials on Thursday downplayed the consequences of the falling U.S. dollar, pointing to deflation as a lingering threat. The dollar has fallen 7 percent so far this year and likely has become a funding vehicle for bets on higher-yielding currencies in growing emerging markets. So how should investors guard their portfolios? Jim Rickards, senior managing director of market intelligence at Omnis, shared his insights. Read the rest of this entry »
(CNBC) – Federal Reserve officials on Thursday downplayed the consequences of the falling U.S. dollar, pointing to deflation as a lingering threat. The dollar has fallen 7 percent so far this year and likely has become a funding vehicle for bets on higher-yielding currencies in growing emerging markets. So how should investors guard their portfolios? Jim Rickards, senior managing director of market intelligence at Omnis, shared his insights. Read the rest of this entry »
The following story in italics is a potential fictional time line for the day the dollar died. I hope not to instill fear or loathing but to give everyone some perspective on a POSSIBLE outcome which does not really take much of a reach to come to any conclusion. Read the rest of this entry »
(CNBC) – Commercial real estate is somewhere between an orderly massacre and a disaster, William Mack, founder and chairman of Area Property Partners, a real estate investment fund, told CNBC. Read the rest of this entry »
(CNBC) Not much optimism from one of CNBC’s favorite bulls. Yet even Costa is wrong about today’s market direction as 7 shares of SPY move the market up by almost half a percent. In the meantime, the gold creep higher continues.