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 [...]
Archive for the ‘Economics’ Category
Criminal Charges Loom For Goldman Sachs After Scathing Senate Report | Forbes
Posted in America, Banking, Corruption, Economics, Foreclosures, Fraud, Governance on April 14, 2011 | Leave a Comment »
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 [...]
Report: Big Profits Drove Faulty Ratings at Moody’s, S&P | McClatchy Newspapers
Posted in America, Banking, Corruption, Economics, Foreclosures, Fraud, Governance on April 13, 2011 | Leave a Comment »
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 [...]
CUBA: Preparing for Perestroika | The Daily Reckoning
Posted in Cuba, Economics on March 29, 2011 | Leave a Comment »
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. [...]
The Unsustainability of Modern Capitalism | Information Clearing House
Posted in America, Banking, Corruption, Economics, Money, tagged Banking, capitalism, Money, power-structure on February 27, 2011 | Leave a Comment »
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 [...]
The People Can Handle The Truth About Unemployment and Inflation by Ron Paul
Posted in Banking, Economics, Political, tagged Jobs, Political, Unemployment on July 15, 2010 | Leave a Comment »
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
HR 1207 – Audit the Federal Reserve
Posted in America, Banking, Economics, Legislation, Political, tagged Banking, Fed, Political on June 30, 2010 | 1 Comment »
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 [...]
CNBC Anchors Mortified That Ron Paul Was Allowed Air Time
Posted in America, Banking, Economics, tagged Banking, Economics, Political on February 26, 2009 | Leave a Comment »
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 [...]















