Friday, December 31, 2010

Euro Zone Faces Exodus

Dec. 31 2010 | The ongoing European debt crisis, and the austerity measures brought in to solve the issues, will see an "exodus" of countries from the monetary union, according to Jim Walker, founder and CEO of Asianomics.

Thursday, December 30, 2010

Unemployment Benefit Applications Drop Sharply

The number of Americans applying for unemployment benefits fell to its lowest point in nearly two and a half years, a sign that the job market is slowly improving. (Dec. 30)

Wednesday, December 29, 2010

AllState Sues Bank of America over Residential Mortgage Securities

Allstate Corp. (ALL) has shed its opening bell upside and is down fractionally, after the insurance carrier said it was suing Bank of America Corp. (BAC) over mortgage-backed securities that went sour.

The suit alleges the bank's Countrywide unit knew $700 million in residential mortgage-backed securities it sold Allstate were a "toxic mix of loans given to borrowers (who) could not afford the properties and thus were highly likely to default."

BAC shares also were higher in initial trade today.

Tuesday, December 28, 2010

The Federal Reserve is a failure

Oh wait, the US way may not be on the road to recovery after all. Pimco Chief Executive El-Erian warns the US is on its way to deflation. Remember Treasury Secretary Timothy Geithner's New York Times op-ed earlier this week, where he said the US is in a recovery, well not exactly according to several economists. Anthony Randazzo, director of economic research at the Reason Foundation says there is no real proof the stimulus busted GDP. He also discusses the problem with Ben Bernanke and why Americans still put trust in the Wall Street players.

Monday, December 27, 2010

Recession Risk Remains in 2011

Dec. 27 2010 | There is a risk of another recession next year and protectionism could cause major problems in 2011, Roger Nightingale, strategist at Pointon York, told CNBC Monday.

Friday, December 24, 2010

2011 Jobs Outlook

Dec. 23 2010 | Insight on what it will take to generating jobs in 2011, with Tig Gilliam, Adecco Group regional head of North America.

Wednesday, December 22, 2010

Inflation, Unseen Taxes, and Ponzi Schemes!!

you must talk about how medical prices are TOO HIGH because of government interference.Laser eye surgery, lap-bands, breast jobs all OUTSIDE the Government sphere and EACH YEAR you can get MORE, BETTER quality service for your money...WHY? NO GOVERNMENT INTERFERENCE!

Coach, Jesus didn't approve of the rich. 23 And Jesus looked round about, and saith unto his disciples, How hardly shall they that have riches enter into the kingdom of God! 24 And the disciples were astonished at his words. But Jesus answereth again, and saith unto them, Children, how hard is it for them that trust in riches to enter into the kingdom of God! 25 It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.

Tuesday, December 21, 2010

Are Government Unions Bankrupting America?

Airtime: Mon. Dec. 20 2010 | Insight on whether government unions are bankrupting America, Mark Levine, Democratic policy analyst and Jerry Bowyer, "The Free Market Capitalist's Survival Guide" author.

Sunday, December 19, 2010

Max Keiser Bankers are Financial Terrorist worse than Bin Laden

LLoyd Blankfein, Henry Paulson, J. Dimon, Ben Bernanke, Alan Greenspan, and a few others with the big banks and Wall Street, should respond for their actions. A sweep investigation should take place. I bet they all will be find guilty. They should go the jail where they belong.

Saturday, December 18, 2010

Conspiracy.Theory.with.Jesse.Ventura.S02E03 Wall.Street

Episode 3 - "Wall Street"
Premieres Fri, November 5, 2010 at 10P
Jesse goes inside the secret billionaire's boy's club to find out what caused
the financial meltdown and how the group allegedly continues to manipulate and
control the stock market and oil, gold and silver prices. From Wall Street to
Washington, the governor barges in on the rich and powerful to demands answers.

Friday, December 17, 2010

$7B Madoff Settlement a 'Game Changer'

The widow of a Florida philanthropist who had been the single-largest beneficiary of Bernard Madoff's Ponzi scheme has agreed to return $7.2 billion in bogus profits to the victims of the fraud. (Dec. 18)

U.S. Government's Financial Rescue Plan Costs Less than Projected

U.S. Treasury Secretary Timothy Geithner says the U.S. government's financial rescue plan will cost about $30 billion. It is considerably lower than what was estimated.

U.S. Treasury Secretary Timothy Geithner defended the $700 billion Troubled Asset Relief Program (TARP) on Thursday.

He told a congressional panel that the Treasury expected a positive return on its remaining support for banks, automakers, credit markets and American International Group (AIG).

Geithner said the U.S. government's financial rescue efforts will cost less than 1 percent of gross domestic product, considerably below past systemic crises.

[Timothy Geithner, U.S. Treasury Secretary]:
"These programs achieved their objective at a fraction of their cost that almost any observer predicted , even as recently as three, six , nine months ago."

The Treasury's most recent all-in cost estimate for TARP, including expected gains from AIG investments, is about $30 billion, down from a previous estimate of $350 billion by the Congressional Budget Office.

He said the U.S. economy and financial system have not yet recovered from the crisis, with the unemployment rate still near 10 percent and small businesses still having difficulty accessing credit.

[Timothy Geithner, U.S. Treasury Secretary]:
"Now the government's financial programs including TARP were not designed and cannot solve all those problems and cannot on their own solve all the damage caused by the crisis. But these programs do what they had to do, what they were designed to which was to protect the value of America' savings, to restore a measure of stability to the financial system at the edge of collapse, re-open access to credit and to restart economic growth."

He said the housing market also remains weak, and the Treasury is continuing to use mortgage finance giants Fannie Mae and Freddie Mac to apply downward pressure on rates.

Tuesday, December 14, 2010

Inflation in China Hits a 28-Month High

For more news & videos visit ☛

Inflation in China has reached its highest point in more than two years. It's driven mostly by the soaring food prices. Chinese authorities are trying to keep prices stable, but economists see no relief any time soon.

The Chinese National Bureau of Statistics announced on Saturday, China's inflation has soared to a 28-month high. The consumer price index rose by 5.1 percent year-on-year in November.

Food was the biggest concern, with prices rising 11.7 percent. Economists say inflation could be spreading to other sectors, with health care up 4 percent and house prices up 5.8 percent.

[Hu Xingdou, Professor of Economics, Beijing Institute of Technology]:
"China will experience a long-term inflation era. Price rises will be seen in sectors like real estate and asset prices, prices of raw materials, commodities, agricultural products and agricultural inputs will also rise rapidly."

Economists blame massive lending and billions of stimulus spending in reaction to the financial crisis.

China's central bank raised lenders' reserve requirements for the third time in a month to sop up some of the excess cash in the economy that is driving prices higher.

Chinese authorities also promised to take a hard line on the hoarding of food and other goods which they say is artificially driving up prices.

But many retired city dwellers still worry they will not have enough money to pay doctor bills if food prices keep rising.

[Ms. Wang, Beijing Resident]:
"For people like us who have retired, with low salaries, you can afford to eat as long as you don't get sick. If you have to see a doctor you soon won't be able to afford to eat."

Monday, December 13, 2010

Thursday, December 9, 2010

Jim Rogers expects much, much higher interest rates


Wall street king Legendary investor Jim Rogers and author of ‘Hot Commodities’ agrees with Dr Gloom Boom and Doom Marc Faber in predicting ‘much, much, much higher interest rates’ in the US over the next few years and is now shorting US treasuries. He told a Reuters investment summit this week that ‘everybody in this room knows that prices are going up for everything’, Jim Rogers is not only an astute businessman, a voice of reason and a gentleman but is also blessed with a genuine sense of humor - Jim Rogers 's golden words: Investment in productive capacity is what leads to the long term growth of economy.

One important fact you need to remember. When the crash happens, a new system will be offered. Refuse it, unless it is a gold standard.I doubt that they would offer a gold standard due to what happened in the UK in the 1930s when Churchill tried. It'll just be another Fiat currency backed by nothing.

Wednesday, December 8, 2010

Who Benefits From Austerity

James Crotty: What Does Wall St. Want Out of Austerity and What Benefits Does it Gain From a Small Government?

So he admits that the big banks aren't really regulated at all. And wants more regulation. Except every single time we ask for more regulation we get it, only it excludes the huge banks!

He ignores the existing sea of regulations that make smaller banks and firms nearly still born. Building an effective wall for the elite. But instead of suggesting to remove some of that "sea" of rules so some of the smaller fish can grow to take on the bigger ones, he wants more regulation walls.The market would have punished those people who made bad decisions. So yes this includes a school who has it's savings in a terrible company.

It sounds like he wants to strip all responsibility for all actions claiming some things are just too important to be responsible for.

So don't worry about making responsible choices, we'll just dilute the negative backlash by letting all people pay.

This encourages irresponsibility!"If they all crashed, the whole global economy would crash". Um no.

There's been times before where they effectively haven't been regulated, and because it's "cheap" to begin a financial firm there are thousands of them. Because there are thousands of them, there's a wide spread of people in many MANY different financial firms.

Having "all" of them crash at once would be like having all restaurants in the world shut down from e-coli. (More likely with one giant chain with one source.)Proving markets are "efficient" absolutely does _not_ require investors to predict the future. In fact, to claim that a government can improve the efficiency of a market, is to claim that some smaller group of people (selected for reasons other than their record of prediction) than the pool of all investors, can _better_ predict the future than those who bet their own money on their ireland, the imf, which is basically broke, has insisted on 20% collateral, i.e., equal to ireland's solvent pension fund. ireland is getting raped. someone, quick, call interpol.

i agree with obarelida, mr. jay, not only are your interviews interesting but you have the good sense to let your guest do the talking. thanks.

Tuesday, December 7, 2010

Peter Schiff on FOX Business News 12/07/10

Peter Schiff on FOX Business News 12/07/10

Peter Schiff :"...unfortunately this is going to make the problems worse because yes we are cutting taxes but rather than funding the government through taxes we are gonna fund it through debt and the extra debt is going to undermine the economy more than lower taxes benefits , and of course a lot of that debt is going to be funded by the federal reserve monetizing debt that's why oil hit a two year high today , copper hit a record high you see commodity prices surging the CRB hit a new two year high so the cost of living is going to rise and that's going to hurt every American ......etc...

Jim Rogers Ireland is bankrupt

Dec. 7 2010 | Some countries in Western Europe are bankrupt or are having serious liquidity problems and they should be allowed to restructure their debt, famous investor Jim Rogers told CNBC Tuesday
Jim Rogers Ireland is bankrupt

Monday, December 6, 2010

Marc Faber : US and European interest rates are negative in real terms

Marc Faber : “US and European interest rates are negative in real terms, the rate of inflation is significantly higher than what governments are saying,” “You can see it when you pay for your insurance premiums, your groceries, your child’s pre-kindergarten schooling in New York there has been a loss of pricing power for most people.”

Niall Ferguson : China Bail Out the EU

CNN's Fareed Zakaria and Niall Ferguson and the FT's Gillian Tett on the EU crisis and possible help from China.

Friday, December 3, 2010

Goldman Sachs Shares Stumble as Firm Considers Selling Mortgage Servicing Division

"Shares of Goldman Sachs (GS) are down following a report that the firm is considering selling its mortgage-servicing division.

The move would come less than three years after moving into the business of collecting on home loans and foreclosing on delinquent borrowers, according to the Financial Times.

Goldman shares are down 0.35%, or $0.57, to $161.93."

Unemployment Rate Pops Up to 9.8 Percent.

The job market continues to falter. The AP's Mark Hamrick reports that's despite some recent signs of recovery.

Thursday, December 2, 2010

Another Bank Bailout on the Way?

FBN's Gerri Willis argues that, despite new regulations, banks are bigger than ever and pose a big threat to our economy.

WikiLeaks Targets Bank of America

Nov. 30 2010 | Discussing the next target of the document dump, with John Carney, senior editor and Dick Bove, Rochdale Securities financial strategist.

Wednesday, December 1, 2010

Bernanke Addresses Business Leaders in Ohio

Nov. 30 2010 | Federal Reserve Chairman Ben Bernanke holds a "Conversation on the Economy" with business leaders in Columbus, Ohio.

Tuesday, November 30, 2010

Eurozone Contagion Fears Deepen

ReutersVideo--November 30, 2010--The euro zone debt crisis is deepening as investors pushed the spreads on Spanish, Italian and Belgian bonds to euro lifetime highs and Portugal warned of the risks facing its banks.

Monday, November 29, 2010

Europe Debt Domino Effect

November 29, 2010
Insight on Europe’s debt debacle.

Obama Proposes Federal Employee Pay Freeze

Obama Proposes Federal Employee Pay Freeze Nov. 29 2010 |
President Obama proposes a two-year civilian pay freeze for federal employees.

California Going the Way of Ireland, Greece?'s Mike Reagan on the mounting budget crisis facing the state.

Thousands Protest Irish Nightmare Economy

Leo Panitch: U.S. created financial crisis and European banks turned the Irish Miracle into a nightmare

Sunday, November 28, 2010

85 Billion Euro Bailout Approved for Ireland

itnnews--November 28, 2010--Head of eurozone ministers Jean-Claude Juncker announces that an 85 billion euro bailout package has been announced.

Saturday, November 27, 2010

50,000 Protesters March against IMF in Dublin

Itn news—Nov. 27, 2010--An estimated 50,000 demonstrators have gathered in Dublin to protest against plans for an IMF bailout of the Irish economy.

Friday, November 26, 2010

Irish Banks Sink on Expectations Banks Heading Toward More State Ownership

"Irish banks Allied Irish Bank (AIB) and Bank of Ireland (IRE) are lower amid expectations that the banks are heading toward greater state ownership, AP reports.

There is deep skepticism that an international bailout loan -- whose details are expected to be unveiled Sunday -- will be enough for Ireland to resolve its debts, the story said.

Speculative media reports in Dublin and Brussels fueled nervousness, with claims that the International Monetary Fund and European Central Bank experts driving the loan talks in Dublin would like to make Ireland's senior bondholders -- chiefly foreign banks -- eat losses in Ireland's debt-crippled banks.

AIB was last down 12.48% and IRE down 8.86%."

Thursday, November 25, 2010

Ireland Struggling Economy

World Business: Ireland, once one of Europe's hottest economies is in a sorry state. Laden with debt, but desperate to avoid asking for help from the IMF and EU, the country has to take drastic action. With four companies going bust every day, and unemployment soaring, it will take all the luck of the Irish to get out of this economic mess.Reporter: Diana Muriel

Wednesday, November 24, 2010

Ireland Announces 4-year Plan to Raise $20B

The AP is reporting that Ireland has unveiled the most severe budget cutbacks in its history on Wednesday. The country mired in debt has announced a four-year plan of spending cuts and tax hikes to raise 15 billion euros ($20 billion).

Approximately 24,000 state employees could lose their jobs in the process and the sales tax could rise to 23%. The 2011-2014 plan will shave 10 billion euros ($13.3 billion) from spending and bring in 5 billion euros ($6.7 billion) from extra taxes.

The austerity plan is a prerequisite for Ireland to receive an EU-IMF loan estimated at 85 billion euros ($115 billion). Ireland is hoping its deficit, estimated to reach a record 32% this year, will fall to 3% of GDP by 2014.

Tuesday, November 23, 2010

Greece austerity programme on track

Greece's International lenders have cleared the way for the country to receive the next installment of its $150bn bailout package.

Officials from the EU and IMF say while its austerity programme remains largely on track, Greece needs to make an "extra effort" to reduce its budget deficit.

Meanwhile, rubbish collectors in Athens, Greece's capital, have been on strike for days, protesting cuts in wages and benefits imposed by austerity measures.

Barnaby Phillips reports from Athens.

Monday, November 22, 2010

Ireland Debt Problems Ready to Cross the Pond

Former IMF Executive Desmond Lachman discusses why Irelands debt woes could spread like wildfire.

European Debt Union: Ireland in Euro Cage

Rt discusses Irish bailout with British conservative MP Douglas Carswell.

Dubliners Angry Over Bailout

itnnews--November 22, 2010--Dublin residents have expressed anger and disappointment over the application to the EU and IMF for a rescue package.

Ireland Formally Applies for Bailout

FBN's Connell McShane on Ireland's request for a bailout from the EU and the IMF.

Saturday, November 20, 2010

US foreclosures under scrutiny

US foreclosures under scrutiny

The number of homes being repossessed in the United States fell nationwide this past month, and could fall even further.

But hundreds of thousands of Americans are on the brink of losing their homes, amid accusations that banks have been wrongly handling foreclosures.

The foreclosure crisis began with the recession of 2008, when the US housing bubble burst. Lenders were faced with millions of defaults at once, and lacked the manpower to process all the paperwork.

This contributed to what has become known as "robo-signing", bank staff signing off on repossessions, without properly checking all the documents. Now there is an ongoing legal investigation into foreclosure practices in all fifty states.

And several major financial institutions have temporarily halted thousands of foreclosure proceedings while this is going on.

Al Jazeera's Scott Heidler traveled to the frontlines of the foreclosure crisis, to the city of Portland, Maine, where the allegations first emerged.

James Turk Gold $8000

Gold is in a 2nd stage of a bull market. We will see a more rapid price appreciation than in the past years. Price target until 2015: 8000 Dollar. Price manipulation has come to an end. Gold as natural alternative to currencies. Chances of hyperinflation 100%.Gold prohibition possible.

Economic Collapse: 40.8 Million Americans Now On Foodstamps

As of May 2010, the record number of Americans receiving foodstamps has risen to 40.8 Million while Gov. leaders plan to cut 6.7 Billion dollars from the program.

Friday, November 19, 2010

Economist Ha-Joon Chang on Currency Wars and G20

Democracy NOW! - DN! - Korean-born economist Ha-Joon Chang teaches economics at the University of Cambridge and is the author of the forthcoming book 23 Things They Don't Tell You About Capitalism. "Obama] has to buy time to restructure the economy without creating a recession by sustaining this deficit spending, because otherwise our other option is going back to the 1930s," Chang says. "Don't forget that in the 1930s a lot of countries started cutting this deficit as soon as things looked slightly better, and many of them went back into recession." Published with written permission from Provided to you under Democracy NOW creative commons license. Copyright for this news broadcast belongs to, an independent non-profit user funded news media,

Wednesday, November 17, 2010

Bailout for Ireland ?

Nov. 17 2010 | Ireland has agreed to work with a joint EU-IMF mission to help its banking sector, but will the debt-stricken country continue to resist a bailout? Art Hogan, director of global equities at Jefferies joined CNBC to discuss the matter.

Tuesday, November 16, 2010

Monday, November 15, 2010

Banks Will Take Responsibility for Mortgage Meltdown

FBN's Charlie Gasparino on what to expect from bank foreclosure hearings on Capitol Hill.

Irish Bailout Will Lead to Domino Effect

Nov. 15 (Bloomberg) -- Stuart Thomson, international fixed-income fund manager at Ignis Asset Management, talks about the prospects of an Irish bailout and for contagion in Europe. He speaks from Edinburgh with Maryam Nemazee on Bloomberg Television's "Countdown."

Sunday, November 14, 2010

Outsourcing Becomes Major Economic Problem - Dylan Ratigan

Dylan Ratigan—Nov. 12, 2010—Outsourcing becomes a major economic problem. Millions of American jobs shipped to China.

Friday, November 12, 2010

Irish Banks in Trouble?

Irish Banks in Trouble?
Nov. 12 2010 | 6:00 AM ET

"The problems facing the Irish banks are considerable," Neil MacKinnon, global macro strategist at VTB Capital, told CNBC Friday. James Bevan, chief investment officer at CCLA Investment Management, joined the discussion.

Thursday, November 11, 2010

The Purpose of Taxation - Andy Gause

Fact: Taxation is a relief valve on the economic machine to ease inflationary effects on the dollar.

Naked Capitalism and QE2

Naked Capitalism's Yves Smith: Banks to Cash In on QE2 "Carry Trade" - Fed's 600 B quantitative easing may well make more profits for bankers

Wednesday, November 10, 2010

QE2 a Bad Idea - John Ryding

RDQ Economics Chief Economist John Ryding discusses why the Fed's latest round of quantitative easing wont benefit the economy.

Tuesday, November 9, 2010

Do You Know Where Your Tax Dollars are Going?

FBN's Gerri Willis takes a look at how Uncle Sam is spending your hard-earned money.

Monday, November 8, 2010

China is stock piling GOLD

Tetsuya Yoshii, VP for derivative products at Mizuho Corporate Bank is bullish on gold given China's demand for the precious metal as it diversifies out of U.S. paper and dollar-based assets. He makes his case to Linda Yueh of Oxford University & CNBC's Martin Soong.

Sunday, November 7, 2010

Bankruptcy of U.S. is Mathematical Certainty, Says John Allison, Former CEO of Nation's 10th Largest Bank

“I think the first thing we have to realize is where we’re going and to face it objectively,” Allison told, when asked about the trillion-dollar-plus deficits the federal government has run for three straight years, the more than $13 trillion in federal debt, and the $61.9 trillion long-term shortfall the government faces (according to the analysis of the Peter G. Peterson Foundation) if the government is to pay all the benefits it has promised through entitlement programs.

“If you run the numbers, on all those numbers that you just talked about, which I think are accurate, very accurate, in 20 or 25 years, the United States goes bankrupt,” said Allison. “It’s a mathematical more >>>>

Saturday, November 6, 2010

Thursday, November 4, 2010

Quantitative Easing 2: US economy continues to sink (03Nov10)

The broke United States are pretending that printing more money will recover their economy - it won't. The money meant and banks will make the money, and the little people paying the taxes will be hung out to dry. The US economy is sinking to oblivion.

Congratulations to idiots like Gordon Brown and President Obama, who actually believe in their idol Keynes in how to ruin an economy.

What the money markets have done is give a loaded gun to sucker politicians, and said if you don't give us money, we'll pull the trigger and collapse the economy. The politicians give these crooks more money, and the economy continues to sink anyway. The politicians are in on the scam.

If people like Brown and Obama wonder why people do not support them, look at what the politicians have DELIBERATELY done to their economies.

Recorded from Newsnight, 03 November 2010.

Thursday, October 28, 2010

AP Survey: Economic Outlook Dim

AssociatedPress--October 28, 2010--A new AP Economy Survey suggests there's only modest improvement on tap for 2011.

Wednesday, October 27, 2010

Expert: QE2 Helps Bond Market

Dave Withrow of Fifth Third Asset Management on his outlook for the bond market and economy.

Tuesday, October 26, 2010

Baby Boomers in Piles of Debt

John Pottow, law professor at the University of Michigan, argues baby boomers' debt doubled due to credit cards.

Monday, October 25, 2010

G-20: Diplomatic Defeat for U.S. Currency War Not Over

Oct. 25 (Bloomberg) -- Brendan Brown, chief economist at Mitsubishi UFJ Securities International Plc, talks about the Group of 20 meeting in Seoul and the outlook for Asian currencies and the dollar. He speaks with Maryam Nemazee on Bloomberg Television's "The Pulse."

Saturday, October 23, 2010

Currency Tensions at G-20 - Jim Rogers

Oct. 22 (Bloomberg) -- Sebastien Galy, a currency strategist at BNP Paribas SA in New York, talks about expectations for this weekend's meeting of the Group of 20 finance chiefs in Gyeongju, South Korea. As G-20 financial leaders begin talks today, China is deflecting foreign pressure to fast-track the yuan's gains after limiting them to about 2 percent against the dollar since a June vow to embrace more flexibility. Galy speaks from New York with Rishaad Salamat on Bloomberg Television's "First Up."

Friday, October 22, 2010

Is the U.S. Economy Doomed to Another Crash?

Dylan Ratigan—Oct. 21, 2010—Panel debates whether the economic crisis in Paris and London are a preview of what's to come for America.

Thursday, October 21, 2010

Full Spending Cuts Unveiled by U.K. Government

itnnews--October 20, 2010--George Osborne has laid out where the axe will fall to reduce the country's deficit.

Morgan Stanley CEO Vows No Job Cuts this Year

FBN's Charlie Gasparino on the bank's plans to not cut jobs despite a third-quarter loss.

Tuesday, October 19, 2010

Goldman Sachs Beats Estimates

FBN's Connell McShane breaks down the quarterly results for the bank.

Monday, October 18, 2010

Industrial Production Falls in September

FBN's Shibani Joshi breaks down the day's top stories.

Friday, October 15, 2010

50 States Investigating Foreclosure 'Robo-Signers'

Ohio Attorney General Richard Cordray debates the attorneys generals case into the validity of the foreclosure filings from around the country.

Wednesday, October 13, 2010

Wall Street immune to recession

Just two years after the global financial crisis that threatened to destroy the banking industry, Wall Street bonuses have hit a record high. According to The Wall Street Journal, employees at America's biggest banks are set to reward themselves with $144 billion in compensation and benefits this year. Karl Denninger of The Market Ticker believes that if you are a banker it seems you are immune to prosecution, originally under the Bush Administration and now under the Obama Administration.

Is the stock market rigged? Dylan Ratigan Show

Dylan Ratigan--October 11, 2010—Sen. Ted Kaufman talks about why new government rules are necessary for high frequency trading.

Tuesday, October 12, 2010

Mike Norman and Gasparino vs Roubini

Mike Norman who was famous for continually bashing Peter Schiff has now found another target in the other doctor Doom Nouriel Roubini

How Wall Street Shafted Main Street

CNN --October 11, 2010--Josh Rosner, who heads the research firm Graham Fisher, presents new proof that banks knew they were selling bad loans.

Monday, October 11, 2010

Banks Need to Unleash Money, Not Freeze Foreclosures says Mike Reagan

The Reagan Group Chairman Mike Reagan argues a freeze on foreclosures will not help the housing market

Saturday, October 9, 2010

Financial Collapse Jim Willie 10-7-2010

Jim Willie interview with 10-7-2010

Friday, October 8, 2010

Goldman predicts economy failing

Goldman Sachs says the US economy is going to be "fairly bad" with little growth or "very bad" going into recession. It's what a lot of people in the financial community have been saying for the last 6 months, so why are their comments making such a splash in the media, and what motives do they have in saying this now?

Mark Mobius : Deep correction quite possible before year-end

Global markets have been okay for the last few sessions but as we head towards the next expected round of quantitative easing there is a lot of debate building up on the West on what the quantum will beM-^Wwhether the size will be enough and whether it's desirable and will have the desired effect in the first place.

Thursday, October 7, 2010

Unemployment to Rise?

A look ahead of tomorrow's jobs report.

Thursday, September 30, 2010

Eurozone Crisis is Building: Spain downgraded; Irish bank needs bailout

Sept. 30 (Bloomberg) -- George Magnus, senior economic advisor at UBS AG, discusses Europe's sovereign debt crisis. Spain's top credit rating was cut one level today by Moody's Investors Service to Aa1 from Aaa with a stable outlook. Magnus speaks with Deirdre Bolton on Bloomberg Television's "InsideTrack."

Wednesday, September 29, 2010

Europe hit by anti-austerity protests

Tens of thousands of protesters have been voicing their anger against spending cuts by some EU governments. .

Rob McEwen : Gold Will Reach $5,000 Per Ounce

Gold Chairman Rob McEwen discusses why the precious metal is poised to take off during the next few years.

Tuesday, September 28, 2010

Impact of Tax Cuts, Hikes on Markets

Efficient Capital Management's Larry Shover on how the markets will react if tax cuts are extended.

Monday, September 27, 2010

Government Looks to Wiretap All Communication

FBN's Shibani Joshi on law enforcement officials pushing new rules to make it easier to listen into private conversations

Saturday, September 25, 2010

Friday, September 24, 2010

Timelines and Forecasts - Coast to Coast AM

Host: George Noory

Guests: Paul Guercio, Glynis McCants

Futurist Paul Guercio discussed predictions and timelines derived from the Merlin Project, a software-based forecasting technology, he developed with Dr. George Hart. The program is based on the idea that there are repeated pattern changes that occur in 7-year cycles within a person's life, he explained. Interestingly, "timetraks" (Merlin's timelines) depict changes even after people die, such as in the case of Michael Jackson, who shows peaks in 2013, which might reflect a boost in music sales during that year, he noted.

He discussed the timetrak (PDF file) for Tiger Woods, who shows a huge spike over a four year period between 2010 and 2014, which possibly indicates some type of extreme behavior, such as quitting golf. Hillary Clinton's timetrak spikes in 2012, and Guercio suggested she may take Biden's place as the VP, to set herself up for a presidential run in 2016. He foresees Obama being elected to a second term, and it being comparatively uneventful to his first four years in office.

Guercio highlighted some of the points in his 25 page report How the Future Happens (a free read on his website). For instance, the date that is exactly opposite your birthday-- six months later on the calendar, this is a higher time of vulnerability, and "in certain years, you're going to find more of the big stuff happens around those dates," he said.

Numerology Update
First hour guest, numerologist Glynis McCants talked about the numbers of Pres. Obama, and shared insights about politics, and celebrities like Lady Gaga. She believes her prediction that August was going to be a difficult time for Obama turned out to be quite accurate, as he was dogged by controversies, and economic problems during that month.

-Love by the Numbers
-Glynis Has Your Number

Thursday, September 23, 2010


Iran President UN Speech

Iranian President Mahmoud Ahmadinejad told the United Nations on Thursday most people believe the U.S. government was responsible
for the attacks of September 11, 2001, prompting the U.S. delegation to leave in protest.
In what was a rare moment of truth telling, iraninan president Ahmadinejad tells the UNGA that "everybody knows the US government orchestrated 911"

The USA delegates and others left the UN in protest at such truths being told.

9/11 was an inside job!

Your Bailout Bucks Up in Smoke

FBN's business experts sound off on the fact that Chrysler employees were caught using drugs and drinking during their lunch break.

Michael Moore on Countdown With Keith Olbermann - 9/32/10

"Harry Reid -- I mean, seriously, I want to go down there tomorrow and tell him to drop and give me 20. ... This guy, absolutely no backbone... It's so frustrating. ... Somebody's got to light a fire under these guys. ... We've got six weeks left. How do we save the Democrats from themselves? Because if the Republicans are taking over, the knife goes in even deeper at that point. ... Only the people -- the people watching this -- are just going to have to say, 'you know what? We're just going to have to do this.' ... What do you do when the leader doesn't do it? You have to do it. ... This is what we've got to do now in these next six weeks." -- Michael Moore on Countdown with Keith Olbermann, Thursday, September 3rd, 2010

Help light the fire at

Thursday, September 16, 2010

Lehman Bros Domino Effect still flattens US banking system

As the U.S. deals with bankruptcies and foreclosures, Americans are looking at who's to blame for the current state of their economy. Some are pointing the finger at Investment Bank Lehman Brothers and say its demise drove the country into debt.

Wednesday, September 15, 2010

European Commission to Draft Rules on Wild West Trading

BBC online reports on Wednesday, the European Commission has put forth a draft of rules on trading in what it calls "Wild West territory," or intricate financial products. The Commission wants to put a watchdog in place to monitor the derivatives market for products that are not purchased, but are used to make bets on assets. European Commission officials also want to take a look at short-selling, which some say that along with derivatives, have contributed to the eurozone's debt crisis.

Thursday, September 9, 2010

Where to Put Your Money Today

FBN's market experts break down how to boost your portfolio.

Monday, August 23, 2010

Egypt searches for $50m Van Gogh painting

Egyptian authorities have had to make an embarrassing U-turn on the disappearance of a Vincent Van Gogh painting from a Cairo museum.

An empty frame is all that is left after "Poppy Flowers", worth $50m, was stolen on Sunday.

Following initial reports that it had been recovered, the country's culture minister backtracked on his claim.

The theft raises serious questions and concerns about the state of security at Egypt's top museums, which house some of the world's most precious, rare and valuable antiquities and artwork.

Al Jazeera's Ayman Mohyeldin reports from Cairo.

Friday, August 20, 2010

Steve Forbes on 401K Withdrawal Rate

Steve Forbes discusses how the economy is driving people to tap their retirement savings for daily expenditures.

Saturday, August 14, 2010

German economy sees record growth

After months of an economic slump, Europe's main stock markets have bounced back as economic growth in Germany and France boosted investors' sentiment.

Germany, the region's biggest economy, published on Friday its best quarterly GDP growth since 1990 of more than two per cent in the second quarter.

The country helped lift growth in the eurozone overall to one per cent and more than made up for the struggling economies of Greece, Spain and Ireland.

That rate of German expansion is unlikely to last, and early gains for European shares slipped back again, as did the euro's rise against the dollar. But traders, it seems are happy.

Al Jazeera's Rory Challands reports.

Tuesday, August 10, 2010

Fed To Buy More Government Debt; Rates Remain Low

AssociatedPress--August 10, 2010--
The Federal Reserve said it will use the proceeds from its investments in mortgage bonds to buy government debt on a small scale. Economists say that could help nudge down interest rates, but won't have a dramatic impact on stimulating growth.
The Associated Press 2010

Monday, July 26, 2010

WikiLeaks Disclosure Raises Serious Questions About U.S. Policy In Afghanistan! Sen John Kerry

July 26, 2010 MSNBC : WikiLeaks Disclosure Raises Serious Questions About U.S. Policy In Afghanistan! Sen John Kerry

Oakland to Authorize Marijuana wholesale cultivation ?

City moves closer to authorizing wholesale marijuana cultivation

Monday, July 19, 2010

Obama Pushes for Unemployment Benefits Extension

FNC's Doug Lazader on the debate over where funding will come from for a potential extension of unemployment benefits.

Saturday, July 17, 2010

CIA Paid Iranian Scientist $5 Million

KT McFarland on latest information regarding mole claiming to have been kidnapped by U.S.

Monday, July 12, 2010

Euro Zone Breakup Would Benefit Member States

July 12 (Bloomberg) -- Christopher Smallwood, an associate at Capital Economics Ltd., talks about the prospects for the breakup of the euro zone. Smallwood speaks with Andrea Catherwood on Bloomberg Television's "The Pulse."

Sunday, July 11, 2010

The End of the Eurozone ?

Eurozone in focus

It started out with Greece having a few debt issues, but has grown into a full-blown currency crisis. On this episode of Counting the Cost we put the eurozone in focus. Plus, internet paywalls and journalism and the World Cup's legacy.

Thursday, July 8, 2010

Tensions between Iran and the UAE

The United Arab Emirates says reports it would be willing to back military action against Iran are "inaccurate". Its ambassador in the U.S. said earlier this week that the Emirates would support military action against Iran.

And as Dan Nolan reports, those remarks are heightening tensions over three disputed islands in the Gulf.

Monday, July 5, 2010

Tar Balls Wash Up on Texas Beach

AssociatedPress | July 05, 2010 Tar balls from the Gulf oil spill have been found on a Texas beach, and are the first evidence that gushing crude from the Deepwater Horizon well has now reached all the Mexican Gulf states of the southern United States. (July 5)

Saturday, July 3, 2010

US unemployment rate may rise to 10%: Moody's

Are the stimulus effects coming to an end ???

Krugman is speaking about the risk of a double dipp recession ...Should the Us follow Europe's path in imposing austerity in order to boost the economy ? ...Gus Faucher, director of macroeconomics at Moody's, says the reason for the dip in US unemployment rate in June was because a lot of people have left the labour force. "But I think it is going to head towards 10 per cent by the end of 2010," he says.

Friday, July 2, 2010

Marijuana Charges Dropped Against Paris Hilton

AssociatedPress | July 02, 2010 Paris Hilton briefly appeared in a South African courtroom where charges of possession of marijuana were dropped. She was arrested at the World Cup game between Brazil and the Netherlands. (July 2)

Thursday, July 1, 2010

Alleged spy hearings delayed

Alleged spy hearings delayed 

Detention hearings have been delayed until tomorrow for three of the eleven alleged Russian spies who resided in Virginia. Patricia Mills' and Michael Zottoli's lawyers said that they had just received additional government information and wanted to postpone the hearings, while Mikhail Semenko had to wait until tomorrow to be assigned a public defender. The prosecution agreed and said they would seek an indictment in New York late next week.

When Pot Is Legally Sold for Profit

Going to Pot: How will government tax legal marijuana?

Wednesday, June 30, 2010

What Could You Get for $13 Trillion?

FBN's Gerri Willis breaks down what you can buy for the equivalent of the nation's debt.

Tuesday, June 29, 2010

Toronto G20 protests: Police State Resistance or Vandalism?

Around 10 thousand people took part in the protests against those summits - more than six hundred of them were arrested after rallies turned violent. The demonstrators accuse the leaders of the world's largest economies of turning a blind eye to the problems of those who are in need. And many of the protesters say the local security crackdown was a violation of their rights.

Monday, June 28, 2010

Israel US prepare to attack Iran

Reports are circulating that the U.S is amassing a greater military presence in the Middle East. The alleged build up is also rumored to involve the Israeli use of Saudi Arabian air space. It's thought by some to be in preparation for an attack on Iran.

Sunday, June 27, 2010

Greece Ready to Sell Rhodes, Mykonos to Investors

Elena Moya
The Guardian
June 26, 2010
Editor’s note: Selling off ancient civilization in order to pay debts owed to international bankers who create money out of thin air. The home of the guy who wrote the mythological story of Jason and the Argonauts is up for sale. So is the island Mykonos, the location in Greek mythology of the battle between Zeus and the Titans. Call it a globalist spawned fire sale on steroids. Stay tuned. More to come.
There’s little that shouts “seriously rich” as much as a little island in the sun to call your own. For Sir Richard Branson it is Neckar in the Caribbean, the billionaire Barclay brothers prefer Brecqhou in the Channel Islands, while Aristotle Onassis married Jackie Kennedy on Skorpios, his Greek hideway.
Now Greece is making it easier for the rich and famous to fulfill their dreams by preparing to sell, or offering long-term leases on, some of its 6,000 sunkissed islands in a desperate attempt to repay its mountainous debts.
The Guardian has learned that an area in Mykonos, one of Greece’s top tourist destinations, is one of the sites for sale. The area is one-third owned by the government, which is looking for a buyer willing to inject capital and develop a luxury tourism complex, according to a source close to the negotiations.
Potential investors also looking at property on the island of Rhodes, are mostly Russian and Chinese. Investors in both countries are looking for a little bit of the Mediterranean as holiday destinations for their increasingly affluent populations. Roman Abramovich, the billionaire owner of Chelsea football club, is among those understood to be interested, although a spokesman denied he was about to invest.
Read entire article

Saturday, June 26, 2010

Police abandon cars at G20 protests amid $1 billion security clampdown

Many in Canada are furious with the world leaders gathered there. Thousands marched through Toronto to protest over the G8 and G20 summits.

Tuesday, June 22, 2010

More American women selling their eggs for cash

June 22, 2010 — In this recession, more young American women are choosing to sell their eggs to help couples with fertility problems have a family. Women can make anywhere from $5,000 to $10,000 through egg donation. The process isn't simple though, only 20% of the women who apply to be egg donors through Egg Donor Surrogacy USA, an egg donor agency near Washington DC, are selected to be part of their donor database. Intended parents can choose an egg donor based on their physical traits, academic achievements and health records. Certain donors can make more money on their eggs if their ethnicity is particularly difficult to find in the database.

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