The Federal Reserve’s easy money policies continue to boost the stock market, employment numbers, and housing market. The Dow made another all time high for the ninth day in a row. But with this Fed manipulated boom, inflation in consumer goods will soon intensify. An early indication is an increase in the Producer Price Index […]
Is the financial collapse of Detroit the future for the United States government?
The city of Detroit can be thought of as a microcosm of the United States in many ways. It is grand central of Democratic socialism with its endless tax and spend policies and labor union politics. Once the center of industry in the United States, the labor unions have completely destroyed the auto industry, and […]
Economist: Cut government budget by 98% or risk complete economic collapse
In an interview with the International Speculator, Doug Casey, a renowned investor and economist, gives his policy prescription for fixing the economy if he was the president. It may sound drastic but it is what is really needed if we are to avoid an economic collapse and let the economy have a full robust recovery. […]
Poll shows growing distrust of government by Americans
Americans have a strong tradition of being skeptical of the government. This skepticism has waned over the past century but a new poll by the Pew Research Center indicates that distrust is increasing, especially of the federal government since Obama took office. Now for every ten Americans only three trust the decisions of the federal […]
Oldest Swiss bank forced to shut down because of prosecution by U.S. government
Bank Wegelin, Switzerland’s oldest bank, has had to shut down because of criminal sentencing by the U.S. government for aiding U.S. citizens in tax evasion. The 272 year old bank thought they were in the clear since they did not have any branches outside of Switzerland but they found out the hard way how aggressive […]