What is amazing is that we get a slight amount of bad news, and the markets go for a panic and then a drop. Then a few days later some good news comes out to correct the bad news, and then the markets go for a recovery run. Yet, over the last number of weeks the markets have been having problems to make a break in to some new strong new highs. What is very interesting, we could get a report that is of bad news where in a normal market everything would go down, but instead in the present marke... Read Full Story

It has traveled the path of all previous fractional money in history and already has degenerated into pure fiat money. The fact that most of it is in the form of checkbook balances rather than paper currency is a mere technicality; and the fact that bankers speak about “reserve ratios” is eyewash. The so-called reserves to which they refer are, in fact, Treasury bonds and other certificates of debt. Our money is “pure fiat” through and through. The second fact that nee... Read Full Story

Dubai World owners were caught up in the same heady debt-fueled commercial construction-binge that swept across the United States. The problem can be traced back to lax lending standards and low interest rates. Now demand has fallen off a cliff and credit is getting tighter. Dubai World can’t roll over its debt or meet its obligations. That’s what typically happens when credit bubbles burst. On Thursday, Bank of America analysts issued a statement: “One cannot rule out — as a tail... Read Full Story

I was there only once, only once for a week, but all smelled fake, apart from the Gold Souk, and the old port. The developers tried to build an American City…..they had all the hotels, chain restaurants, but none of them were INDEPENDENTLY OWNED. They didn’t understand that, a hard working person, husband and wife, or a small team, is what built the American dream. The developers in Dubai, thought they could BUY western capitalism……..its sad but true…… They... Read Full Story

No one in my family went shopping or bought a thing even though we have plenty of cash and zero debt. Guess how much money I saved? I refuse to do anything to support our corrupt economy, government, PRIVATE central banks or wall street. Until the fraud and corruption is eradicated by taking the above elites to trial and executing them for treason I will do nothing to support them and everything I can do to make sure they get what they deserve for murdering the masses. REVOLT AMERICA!!! As I&... Read Full Story

When you think about it, debasing the currency is counterfeiting. It steals value from every dollar earned and saved. It robs the people and makes them poorer. It is the absolute enemy of the workingman. It transfers wealth from the middle class to the privileged rich. Diluting the value of the dollar by increasing its supply is a vicious, sinister tax on the poor and middle class. It’s an ancient tool of all authoritarians. The Federal Reserve should be abolished because it is immoral, uncon... Read Full Story

NEW YORK - This gift-giving season, $25 and under is the place to be. The economy is slowly recovering, yet consumers remain nervous, leading retailers to offer more items for $25 or less, experts say. “A few years ago there was no price barrier for most retailers and most consumers,” said Kathy Deane, president of the New York-based retail consultancy Tobe. “Now consumers are looking for value. This is the year of $25-and-under gifts.” In the past, stores and malls fo... Read Full Story

That debt will never be paid. We will never agree to tax ourselves enough to pay for our own government services - never mind paying the Chinese government. They know they will never collect on that debt. It’s not about the money. It’s far more strategic than that. It’s about destroying our ability to produce goods. It’s the same philosophy Microsoft used to destroy its competitors in the early years. Give away the product while building an infrastructure that can neve... Read Full Story

Monday - They will just rave over the shopping strength of friday and the weekend………and they will announce that the “consumer is back!”……….and, since the president has to give his “real downer” speech tuesday evening, against which he simply cannot have a dismal stock market backdrop………….the market will rally Tuesday - They will rave over the shopping strength of cyber monday, and again, the strenght of the U.... Read Full Story

Here is the real stunner. A senior person at Treasury said to a small group of us that it is now official Treasury policy to extend and pretend on real estate loans. In other words, the policy statement from last week says, if you can make an analysis that says even if the current value is less than the loan, if you can do a spreadsheet that shows if you extend for 3-5 years, and if the economy gets better, and if the loan can be amortized down to where the loan is no longer more than the val... Read Full Story