By The Economic Collapse
The financial world is officially going crazy. Can you believe what is going on out there right now? Financial markets have been jumping up and down like crazy for months and this is creating a lot of fear. Other than during the financial crisis of 2008, in the post-World War II era have we ever experienced as much financial instability as we are seeing right now? Should we just Read More »
Germany and the Euro: Back from the Brink – Economist
Is the New Euro Backstop Fund Just the Beginning? – Der Spiegel
Why Barack Obama Could Be America’s Last Big Government President – Telegraph Wonderful Thought!
ObamaCare: It Can Only Get Worse – San Francisco Chronicle
Taking Cain Seriously – Wall Street Journal “Why Isn’t a Successful Business Résumé Presidential Material?”
EDITOR’S COMMENT: As you will see from these comments, we clearly need to defund or somehow remove this looming fiscal, financial and medical disaster from our country.
By Michael Finger, Communications Specialist for Euro Pacific Capital
Thanks to a series of destructive government policies and incentives, a health care crisis has been steadily building in America for a generation or two. But the release yesterday of the Kaiser Family Foundation’s annual survey reveals that Read More »
Bernanke Says Fed Would Act if Inflation Falls – Reuters This Could Be a Significant Statement of His Intentions
Bernanke Calls Unemployment a ‘National Crisis’ - MarketWatch
Killing the World Recovery – NY Times
U.S. Mulls Border Fence — with Canada? – Canadian Broadcasting Centre
EDITOR’S OPINION: Peter Morici, in his writings, has continually emphasized how important it is and will be to deal with America’s large trade deficit. The two major reasons for our trade deficit are our oil imports and the huge trade imbalance with China.
President Obama continues to ignore these two large-impact imbalances, when creating additional government spending, and arguing for higher taxes from the upper income group. As for increasing our domestic oil Read More »
EDITOR’S COMMENT: Gary North again hits the nail on the head by concluding that German subsidies will most likely not prevent a Greek default. The question then is “What happens next.” The reality is no one knows, but almost everyone involved is very worried about contagion from this default spreading around the world. You should definitely read his thoughts about the developments in Europe that will be coming very soon.
By Gary North
Germany Slams ‘Stupid’ US Plans to Boost EU Rescue Fund – Telegraph “Told the White House to Sort Out Its Own Mess Before Giving Gratuitous Advice to Others.”
Obama’s Euro-Crisis Lecture Is ‘Pitiful and Sad’, German Commentators Say – Der Spiegel “Obama’s lecture on the euro crisis … is overbearing, arrogant and absurd.”
Without a Growth Plan, the EU Faces Financial Waterloo – Guardian
Every Job Requires an Entrepreneur - Wall Street Journal “Shaming the Successful or Redistributing Income Won’t Get Us Out of This.”
Our Post-Racial President Has Set Race Relations Back Decades – National Review
By Joseph McBrennan, Editor, Taipan Publishing Group
There are three reasons your retirement savings is in trouble.
Anyone under the age of 30 can say goodbye to any hope of Social Security. It’s toast. Not that they should worry. They’ve decades of productive working years left to accumulate wealth.
That’s the good news.
Several months ago, we wrote, “For the Sake of Read More »
Euro Crisis Makes Fed Lender of Only Resort as Funding Ebbs – Bloomberg
Solyndra Said to Have Violated Terms of Its U.S. Loan – Wall Street Journal
Study: Trade With China Destroys American Jobs, Drags Down American Wages – Huffington Post I Hope It Didn’t Take Too Long for This Study to Reach Its Conclusions
America’s $320 Billion Shadow Government – Fiscal Times “The Real Growth Has Come Within the Ranks of Federal Contract Workers”
By Peter Schiff, Euro Pacific Capital
The recent sharp decline in gold and silver prices may be panicking buyers, especially those who are new to the market. However, I have been actively accumulating precious metals for more than a decade, and from my perspective, given the volatile nature of metals, this type of action is par for the course. In my experience, every sharp decline has shown itself to be an opportunity rather Read More »
