Government agents confiscating your retirement account sounds like something out of a George Orwell novel. Don’t look now, but such a plan is in the early stages of development. It will start voluntarily, but I predict that the time will come,...
There are two things that are negative indicators for the bond market. Many people know these things but they are worth repeating. In the first place, interest rates are essentially at zero that means that interest rates have nowhere to...
The U.S. budget deficit this year is projected to be $1.65 trillion. This follows a budget deficit of the first two years of the Obama administration of about $3.8 trillion. The first year, the budget deficit was about $1.4...
Most people have no idea that the International Monetary Fund and the World Bank do make Jesse and Frank James look like boy scouts. Set up in the closing years of the Second World War, these two "sister"  financial...
China’s President, Hu Jintao, came to Washington last month with his game face intact. While there was puffery from the likes of New York Senator Charles Schumer about the need for China to let their currency float on the...
In a startling turn of events that the mainstream media has yet to touch due to its sizzling with economic import, a website called the People’s Voice (www.peoplesvoice.org) reports that the Mexican government passed a law in September, 2010...
The report covers what the Commission views as causes of the financial crisis. The report is 150 pages long and covers a great deal of material in a great detail. Some of the information is valuable perhaps much of...
There is a Rasmussen poll out which notes that 82% of the American people believe that economic challenges to the United States are a bigger threat than military challenges. Whether or not the public understands all the intricacies the economy,...
The economic holocaust in what is surely the most pejorative acronym in economic history, the PIIGS - Portugal, Ireland, Italy, Greece and Spain – has taken a media back seat to the political wildfire that has engulfed Egypt, and...
The US government established a commission to find out what caused the financial crisis. Riiight. Notorious for finding wrong reasons for catastrophes, government commissions are yet magnificent at then proposing  solutions to fix wrong causes, which themselves become  problems....
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