By Bill Frezza

The chattering classes are peddling a new meme designed to control the narrative surrounding the arrested adolescents who’ve been camping out in lower Manhattan, raging against the machine. Earlier attempts at shaping the story tried to characterize the protests as an American Arab Spring. That petered out when the liberal opinion factory realized that this storyline leads toward regime change, not the reelection of failed incumbents.

So now a new Read More »

• 0 Comments

By Peter Morici

Seeking to jump start his flagging campaign and establish his pro-growth and fiscal responsibility credentials, Governor Rick Perry is unveiling a tax plan that will not jump start the economy and is fiscally irresponsible.

In a nutshell, Mr. Perry would give taxpayers a choice between filing under the current income tax system—with all its flaws—and an alternative flat tax 20 percent system. Under the latter, families could maintain their mortgage deductions Read More »

• 0 Comments

EDITOR’S COMMENT: Again, great insight and analysis of the Euroland debt crisis situation. As we discussed yesterday, this situation is far from being resolved.

By Graham Summers

The markets are exploding higher this morning on news of the expanded Euro Bailout. The numbers at the moment are

A 50% haircut for private Greek bondholders
European banks have eight months to raise about $147 billion in capital
An expansion of the European Financial Stability facility to Read More »

• 0 Comments

EDITOR’S COMMENT: Apparently, this White House will totally disregard their fiscal responsibilities to the American public in order for Obama to be re-elected. Another example of this is the President’s latest proposal to limit the amount of payments that student borrowers need to pay back, coupled with a total debt forgiveness of any unpaid amounts after twenty years, just guarantees adding a major part of about Read More »

• 0 Comments

By Michael Finger, Communications Specialist for Euro Pacific Capital

In an agreement announced overnight, the European Union offered $100 billion to stem an imminent Greek debt default in exchange for a 50% haircut to Greek bondholders. This is a bittersweet victory for those of us who believe in the power of the free market.

When the US government undertook its largest round of bailouts in 2008, it bought nearly worthless assets at 100¢ on the Read More »

• 0 Comments

EDITOR’S COMMENT: Very timely and rather persuasive comments in light of the just announced agreement.

By Graham Summers

It’s time to settle the debate regarding Europe’s banking system. I know that the mainstream media keeps talking about another round of bailouts or an expansion to the Emergency Financial Stability Facility (EFSF) as though these things matter.

But the reality is… they don’t. Europe’s problems go WAY beyond Greece’s debt. And the entire European banking Read More »

• 0 Comments

By Jack Kneafsey

European Agreement Reached

Greek Citizens Line Up to Withdraw Their Deposits in a New Run on the Greek Banks

Brazil Refuses to Buy Additional European Bonds, Casting Doubt on a Plan For A BRIC-based European Rescue

As of this writing, it now appears the European Union leaders have reached an agreement to deal with their government debt and banking problems. While all the details of this agreement are not yet completely known, it Read More »

• 0 Comments

By Neeraj Chaudhary, for Euro Pacific Capital

According to US government figures, the yield on the 10-Year US Treasury note reached a record low of 1.72% last month. Thus, despite the fact that government debt has exploded at a rate of more than $1 trillion per year, and the fact that S&P recently downgraded US debt, it appears that market demand for long-term US debt is nearly insatiable.

But in order to explain this Read More »

• 0 Comments

By The Economic Collapse

We are getting so close to a financial collapse in Europe that you can almost hear the debt bubbles popping.  All across the western world, governments and major banks are rapidly becoming insolvent.  So far, the powers that be are keeping all of the balls in the air by throwing around lots of bailout money.  But now the political will for more bailouts is drying up and the number Read More »

• 0 Comments