A Banana Republic By 2012? Change for the Worse – Paul Craig Roberts
President Obama has presented the most irresponsible budget in US history. His fiscal year 2010 budget projects federal spending of $3.5 trillion and a federal deficit of $1.75 trillion. In other...
View ArticleIt Is Time to Dissolve All Central Banks
As previously noted, the Federal Reserve has failed on its own terms. Specifically, it has failed to provide the counter-cyclical influence on the economy which is its very justification for existing...
View ArticleBank Loan Loss Rate will be ‘Much Higher’ than During the Great Depresion
During the depths of the Great Depression, the loss rate which banks suffered on their loans climbed as high as 3.4% (it is normally well under 2.0%). Last month, banking analyst Mike Mayo predicted...
View ArticleVideo: Ron Paul – The Federal Reserve Delivered This Problem To Us
(C-SPAN) – July 21, 2009 [youtube=http://www.youtube.com/watch?v=4BsCOy_ffC8]
View ArticleMarkets Fail When Humans Are Unregulated – Paul Craig Roberts
Former Federal Reserve chairman Alan Greenspan answered that he had placed his trust in a flawed theory when he was called before Congress to explain why he, Goldman Sachs Treasury Secretary Robert...
View ArticleVideo: Marc Faber ‘The Wizard of Economic Oz’ on CNN
March 5, 2010 [youtube=http://www.youtube.com/watch?v=7f3kOwvWEro] See Also: Peter Schiff on the FED – North Haven, CT – March 6, 2010 – View Video Here
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