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

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.

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.

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.

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 CNSNews.com, 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 certainty.read more >>>>

Will Fed 600 Billion Jumpstart the Economy?

Will Fed's 600 Billion Jumpstart Economy?

Robert Pollin: Nothing in Fed's new plan will make banks lend more money

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.

AP Survey: Economic Outlook Dim

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

Expert: QE2 Helps Bond Market

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

Baby Boomers in Piles of Debt

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

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."

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."

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.

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.

Goldman Sachs Beats Estimates

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

Industrial Production Falls in September

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

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.

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.

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.

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

Financial Collapse Jim Willie 10-7-2010

Jim Willie interview with Miningstiocktalk.com 10-7-2010

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.

Unemployment to Rise?

A look ahead of tomorrow's jobs report.

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."

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.

Impact of Tax Cuts, Hikes on Markets

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

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

Debt Meets Inflation

Guest: Garth Turner.

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.

Website(s):
-projectmerlin.com
-numberslady.com
Book(s):
-Love by the Numbers
-Glynis Has Your Number

PRESIDENT AHMADINEJAD TELLS U.N. 9/11 WAS AN INSIDE JOB

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 http://www.michaelmoore.com

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.

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.

Where to Put Your Money Today

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

Images Of New Exploded Oil Rig

The Tired Stimulus Approach Has Failed

September 03, 2010 News Corp

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.

Steve Forbes on 401K Withdrawal Rate

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

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.

Omar Khadr Attorney Collapses At the Trial

August 12, 2010 CBC News

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

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