Category Archives: Financial

Judge: Stockton, Calif., Can File for Bankruptcy

A judge accepted the California city of Stockton’s bankruptcy application on Monday, making it the most populous city in the nation to enter bankruptcy. U.S. Bankruptcy Judge Christopher Klein said the bankruptcy declaration was needed to allow the city to … Continue reading

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Exuberant “Reach For Yield” In Spain Leaves Retail With Up To 96% Losses

The ‘relative’ innocence of the depositors in Cyprus who saw their savings crushed by the hammer-blow of Germany’s reality last week is, it seems, not the only hardship that the European people are suffering. In Spain, thanks to their FROB … Continue reading

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Egypt’s Bankruptcy and America’s Foreign Policy Failure

“Short of Money, Egypt Sees Crisis on Fuel and Food” is the headline of David Kirkpatrick’s dispatch running the length of the right-hand column of Sunday’s New York Times. Two years after Egypt’s impending economic disasterbecame apparent, it leads the liberal newspaper of … Continue reading

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Obama Proclaims April the Month to Teach Young People ‘How to Budget Responsibly’

President Barack Obama, who has increased the national debt by $53,377 per household, has proclaimed April“National Financial Capability Month,” during which his administration will do things such as teach young people “how to budget responsibly.” “I call upon all Americans to … Continue reading

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Cyprus Parliament President Says “No Future” Under Troika, Calls For “Iceland” Solution

Just last week Yiannakis Omirou, Cypriot House of Representatives President, was calling for the nation to accept it is “time for responsibility” as they progressed towards a final solution; and yet today, as Cyprus’ Famagusta reports, he believes the ‘Troika-imposed’ responsibility will, … Continue reading

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Intelligence insider: Obama administration agenda to “kill U.S Dollar”

This week, I had a series of very sobering discussions with my highly-placed source within the intelligence world. The information he provided hit me like a proverbial tons of bricks. It connects everything we are seeing play out across the … Continue reading

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Debt-Slavery For Dummies

Everything the Fed does ultimately leads to less economic activity, less savings and more debt resulting in poverty for Americans, not prosperity.  Debt is not prosperity. Debt is poverty and economic slavery. Why are you working harder but getting poorer? … Continue reading

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Risk – It’s Not Just A Board Game

httpv://www.youtube.com/watch?v=wzzoBVK3fyE#! From YouTube: My recent presentation at Mines & Money in Hong Kong in which I discuss risk – focusing on the corruption of traditional price signals by Central Banks’ ZIRP policy, financial repression and the possibility that the gold … Continue reading

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The Bank Runs Have Started

It made no sense. Why would people keep their money in a bank for 0.01% interest while real inflation is running close to 6%? Where were the bank runs since the Cypriot bail-in (theft) was made public? It appears that … Continue reading

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It Can Happen Here… And It Will

It Can Happen Here: The Confiscation Scheme Planned for US and UK Depositors By Ellen Brown (InformationClearinghouse.com) March 28, 2013  –  Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few Eurozone … Continue reading

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Ben Bernanke Taught Them Well

The following story from Cyprus reminds me of Ben Bernanke testifying before Congress that he would not monetize our debt: httpv://www.youtube.com/watch?v=n6qo2S84r5w That was back on June 3, 2009. The facts are presented below: Projected and Recent US Federal Debt Numbers … Continue reading

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US Savings Rate Near Record Low, Per Capita Disposable Income Almost Back To December 2006 Level

There was some good news for headline scanning algos this morning, when both personal incomes and spending came in modestly higher than expected, with incomes rising 1.1% compared to an estimated 0.8% increase, while spending was up 0.7%, also higher … Continue reading

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METALS DEALERS SHUT DOWN SALES AS SILVER GLOBEX MARKET PRICE FEEDS FLUCTUATING BY OVER $1

Silver gapped up vertically on tonight’s Globex open, as the entire day’s paper raid was erased in the opening tick in Asia… Meanwhile according to other live metals feeds, silver has gapped-down to $27.88 *Update: All h*ll appears to have … Continue reading

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Clarke and Dawe – Slight problem with the Cypriot Banking System

httpv://www.youtube.com/watch?v=YiDDPMw8VO0

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Cyprus banks reopen – but stock exchange will remain closed

Cyprus’s banks reopened their doors on Thursday, to limited queues, amid strict controls to stop people withdrawing all their savings and triggering a catastrophic bank run. The Cyprus stock exchange, however, said it would remain closed for the day, less … Continue reading

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