Category Debt Crisis

No Mortgage and You Think You Own Your Home? Think Again.

The number of foreclosures tied to delinquent tax payments is climbing.  Rising tax-lien problems stem from two overlapping trends associated with the weak economy: To close budget deficits, some local governments are increasing property taxes to raise additional revenue. But a growing number of homeowners, many unemployed or living on fixed incomes, are finding those […]

Obama Wedding Registry

This is for real.

And It’s Gone

What happens when we put our faith in bankers: Carrie Pan is about as intrepid as they come. Since she began investing in Chinese stocks six years ago, the 29-year-old Shanghai accountant has seen almost half the value of her portfolio evaporate, including a 40 percent loss last year alone. Undeterred, Pan recently bought […]

Modern Day Slavery

In the world of debt serfdom, people are slaves to both central bankers and our own technological devices: In the world of finance: Are we slaves to what central bankers do next? Markets are almost exclusively moving on central bank and policymaker actions Economic and business fundamentals mean nothing The markets are now addicted to […]

A Sign of the Times?

Do Chinese restaurants believe the economy is recovering?   “Fortune Not Found: Abort, Retry, Ignore?”

Charles de Gaulle – Monetary Crisis Ghost of 1965

If you really look closely at world history, it is pretty clear that every 30-40 years, there is always a change in the monetary system. For us here in the U.S., our last 4 monetary systems have been: 1. Classical gold standard until WWI (all physical gold/silver) 2. Gold exchange standard between WWI and WWII […]

Rumor: Large European Bank Almost Failed Last Night

Rumors are flying right now that a large European bank was near collapse last night, and was likely the cause for the massive central bank intervention. From Forbes: “It appears that a big European bank got close to failure last night.  European banks, especially French banks, rely heavily on funding in the wholesale money markets.  […]

Debt Ceiling – False Flag Opportunity?

I was thinking about this over the past few days… The LA Times is running its headline today:  Ron Paul thinks defaulting isn’t such a bad thing Now as much hype as the debt ceiling crisis is getting, it is still widely presumed that the government will come up with some agreement to raise […]