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“Bankstergeddon”
I am going to tell you something that you will not hear from
your government, or the mainstream press.
The Truth.
What you are witnessing is the controlled demolition of the
United States of America.
We have now crossed the rubicon into the realm of a one
trillion dollar+ annual budget deficit, with total unfunded
liabilities and deficits totaling well over $50 [...]

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“Monetary policy should allow a temporary rise in unemployment and inflation to let an economy find its balance from an oil-price shock.”
– Federal Reserve Vice-Chairman Donald Kohn
That comment on the heels of Bernanke breaking tradition, and taking the lead from the Treasury Department in talking up the dollar? That comment with Treasury Secretary Hank Paulson [...]

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The Fed just wasted a rate cut yesterday. A “hold” would have been more positively accepted by the market, would have let more speculative air out of oil prices, and would be one less rate hike they need to do later.
But, the larger problem with the U.S. Central Bank is their dual mandate.
You can’t have [...]

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The good news? The (stimulus) checks are in the mail. The bad news? You’re going to need them. Did you see Nobel prize winning economist Joseph Stiglitz on CNBC this past Friday? Here’s what Stiglitz had to say about the U.S. economy:

“The U.S. economy is already in recession, and may echo the 1930’s. This is [...]

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