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Archive for the ‘Economics’ Category

By Larry Edelson Editor’s Note: The American’s for Tax Reform Foundation’s Cost of Government Day Report is a mindbender. If this isn’t a steady march towards national, corporate socialism then what? The Cost of Government Day (COGD), the day of the calendar year on which the average American worker has earned enough gross income to [...]

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By Halah Touryalai A Senate panel released a damning report accusing the likes of Goldman Sachs of engaging in massive conflicts of interest, contaminating the U.S. financial system with toxic mortgages and undermining public trust in U.S. markets in the months leading up to the financial crisis. Just when you thought Washington lawmakers were over [...]

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By Kevin G. Hall Analysts who reviewed complex mortgage bonds that ultimately collapsed and ruined the U.S. housing market were threatened with firing if they lost lucrative business, prompting faulty ratings on trillions of dollars worth of junk mortgage bonds, a Senate report said Wednesday.The 639-page report by the Senate Permanent Subcommittee on Investigations confirms [...]

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By Douglas Clayton Dividing Old Havana from Chinatown is Cuba’s Capitolio Nacional, a monumental edifice with a fateful past. El Capitolio was conceived during the Roaring ’20s, when the island led the world in sugar exports and the future seemed sky blue. President Gerardo Machado dreamed of turning Cuba into the Switzerland of the Americas. [...]

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Daily Bell: Please treat this interview as if no one knew about you or your bestselling books. Give us some background on where you grew up and how you entered the CIA. John Perkins: I grew up in New Hampshire and went to business school in Boston. At that time, I was approached by the [...]

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Ron Paul tells the Joint Economic Committee that the people can handle the truth about unemployment and inflation numbers. Real unemployment is at 22% and real inflation is at 6% according to the original method of measuring the CPI. Source: Ron Paul

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Editor’s Note: Has this video has been removed due to term of service violation OR censored? The Federal Reserve is the chief culprit behind the economic crisis. Its unchecked power to create endless amounts of money out of thin air brought us the boom and bust cycle and causes one financial bubble after another. Since [...]

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Steve Watson Infowars.net Thursday, Feb 26th, 2009 CNBC anchors were left dumbfounded and acted overtly cantankerous yesterday after Congressman Ron Paul’s opening statement at the House Financial Services Committee was broadcast live to an audience of millions. CNBC went live to the House, clearly without knowing that the Texas Congressman had the initial Republican statement [...]

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President Obama has just signed a $790+ billion “stimulus” package for the economy, but do you really believe that will actually help our local economy (or just make government bigger, increase the debt and put more burden than ever on the rest of us)? If you want to see where the money is being spent [...]

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The economic situation continues to deteriorate this week as past and future bailouts were discussed on Capitol Hill.  The debate was over the accountability of already disbursed TARP money, and on whether or not to release remaining funds.   Banks that had already been bailed out before are looking for more money to fill the black [...]

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