World Faces Wave of Epic Debt Defaults, Fears Central Bank Veteran

By Ambrose Evans-Pritchard The Telegraph The global financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, a leading monetary theorist has warned. “The situation is worse than it was in 2007. Our macroeconomic ammunition to fight downturns is essentially all used up,” said William White, […]

Carbon Currency: A New Beginning for Technocracy?

By Patrick Wood, Editor As posted at August Review Introduction Critics who think that the U.S. dollar will be replaced by some new global currency are perhaps thinking too small. On the world horizon looms a new global currency that could replace all paper currencies and the economic system upon which they are based. The […]

America’s Impending Master Class Dictatorship

By Stewart Dougherty Jan 22 2010 2:24PM www.kitco.com FOREWORD: At certain times, focusing on the big picture is important not just for investment success, but for personal welfare, and even survival. We believe such times are here. It is estimated that 98% of Americans have never held a gold coin in their hands. Yet 100% […]

The Great Gold Robbery of 1933

Mises Daily Wednesday, August 13, 2008 by Thomas E. Woods, Jr. It’s been (more than) 75 years since the federal government, on the spurious grounds of fighting the Great Depression, ordered the confiscation of all monetary gold from Americans, permitting trivial amounts for ornamental or industrial use. This happens to be one of the episodes […]

The Bankruptcy of the United States is Now Certain

As posted at The Silver Bear Cafe By Porter Stansberry It’s one of those numbers that’s so unbelievable you have to actually think about it for a while… Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that’s not counting any additional deficit spending, which is […]

The Dark Years are Here

by Egon von Greyerz Matterhorn Asset Management In this newsletter we will outline what is likely to be the devastating effect of the credit bubbles, government money printing and of the disastrous actions that governments are taking. Starting in the next 6 months and culminating in 2011-12 the world will experience a series of tumultuous […]

Planning the Steps to a World Government

By Joan Veon Womansgroup.org (note the original URL has been taken down, the link contains an archive) In the book of Jeremiah, the prophet tells of the pending invasion of Judah by the Babylonian king, Nebuchadnezzar. He records, “the snorting of horses was heard in Dan.” Can you imagine an invasion of that kind? You have […]

The Mother of All Bells

By Peter Schiff As posted at Lew Rockwell There is an old adage on Wall Street that no one rings a bell at major market tops or bottoms. That may be true in normal times, but as many have noticed, we are now completely through the looking glass. In this parallel reality, Ben Bernanke has […]

Death of the American Empire

America is self-destructing & bringing the rest of the world down with it By Tanya Cariina Hsu As posted at Global Research I believe that banking institutions are more dangerous to our liberties than standing armies. (Thomas Jefferson, US President; 1743 – 1826) America is dying. It is self-destructing and bringing the rest of the […]

Wag the Dog: How to Conceal Massive Economic Collapse

…When central banks intervene in the currency markets, they exchange their currency for dollars. Central banks then use the dollars they acquire to buy US government debt instruments so that they can earn interest on their money. The debt instruments central banks acquire are held in custody for them at the Federal Reserve, which reports […]

Global Systemic Crisis: Fall 2008 Phase of Collapse of US Real Economy

“…On the occasion of the second anniversary of the publication of our famous “Global systemic crisis Alert” which toured the world in February 2006 [4], LEAP/E2020 wishes to remind that we are now resolutely stepping into an era with no historical precedent. Our researchers insisted on that many times in the last two years: any […]

Sinking Currency, Sinking Country

“…The dollar has plummeted in value, more so in Bush’s term than during any comparable period of U.S. history. Indeed, Bush is presiding over a worldwide abandonment of the American dollar…”

The Credit Crunch That Never Was is Over! The Real Agenda Behind the Fear

“…the dollar has been dropping ever since the twin 1973 currency crises which sent then Assistant Treasury Secretary for International Monetary Affairs Paul Volcker around the world to hammer out a new regime for floating currencies (what a great way to transfer wealth and control countries: currencies). Every time the dollar drops, it is new […]

Relentless Slide of the American Economy

“…The jobs data and the absence of growth in real income for most of the population are inconsistent with reports of U.S. GDP and productivity growth. Economists take for granted that the workforce is paid in keeping with its productivity. A rise in productivity thus translates into a rise in real incomes of workers. Yet, […]

Mike Whitney: Another Great Depression?

“…The Bank for International Settlements issued a warning this week that the Federal Reserve’s monetary policies have created an enormous equity bubble which could lead to another ‘Great Depression’…”

Andrew Jackson’s Veto of the Second Bank of the United States

Veto Message to the Senate WASHINGTON, July 10, 1832 As posted at Yale Law School To the Senate: The bill “to modify and continue” the act entitled “An act to incorporate the subscribers to the Bank of the United States” was presented to me on the 4th July instant. Having considered it with that solemn regard […]

Congressman McFadden on the Federal Reserve Corporation (Remarks in Congress, 1934)

On May 23, 1933, Congressman, Louis T. McFadden, brought formal charges against the Board of Governors of the Federal Reserve Bank system, The Comptroller of the Currency and the Secretary of United States Treasury for numerous criminal acts, including but not limited to, CONSPIRACY, FRAUD, UNLAWFUL CONVERSION, AND TREASON. The petition for Articles of Impeachment […]