A return to the gold standard by the United States within the next five years now seems likely, because that move would help the nation solve a variety of economic, fiscal, and monetary ills, Steve Forbes predicted during an exclusive interview this
Raj Rajaratnam, the hedge-fund tycoon and Galleon Group LLC co-founder at the center of a U.S. insider-trading crackdown, was found guilty of all 14 counts against him in the largest illegal stock-tipping case in a generation.
NEW YORK (AP) -- Tumbling demand for commodities and a drop in the euro led to a broad stock sell-off Wednesday that pulled the Dow Jones industrial average down 130 points.
The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. - T. Jefferson
Debate continues to rage between the inflationists who say the United States money supply is increasing, dangerously devaluing the currency, and the deflationists who say we need more money in the economy to stimulate productivity.
Unless you have been asleep or hiding under a rock for the past five years, you already know that we are experiencing the worst real estate crisis that the U.S. has ever seen.
Even after last week’s steep selloff in the commodities markets, the “Flight to Safety” trade is still on…big time. Gold may have retreated from its all-time high, but applications to purchase a handgun continue soaring to record levels.
Small Business Optimism in April fell to 91.2 from 91.9 in the previous month, continuing an ongoing slide.
History is locked on fast-forward. In terms of economic and financial news-flow, as last week showed, we live in turbo-charged times ... Allowing Doha trade talks to fail is a mistake, both politically and economically – UK Telegraph
How Perverted Have We Become? - Butler Shaffer on the celebration of government hit squads, and the persecution of Manning and Assange. / Want To Regulate Government-Wall Street Greed? - David Stockman on the case for the gold standard.
A dead Osama bin Laden is the great news from last week. It took almost ten years and as President Obama said on 60 MInutes last night it was no lay-up, but the United States got their man. Unfortunately, weak economic data leading to a violent se
Their costume innovation du jour is the cholo hat, a super-deluxe edition of a baseball cap with special embroidered emblems and a completely flat brim -presenting a look of equal parts idiocy and homicidal danger.
The fact is, employment fell by 190,000 according to the Household Survey and another 131,000 people dropped out of the labor force last month or the unemployment would have been even higher. Fewer people (131,000 to be precise) wanted...
History’s revolutions and upheavals — whether the Nika rioting in Constantinople, the periodic uprising of the turba in Rome, the French upheavals, or the Bolshevik Revolution — are rarely fueled by the starving and despised, but by the subsidized an
Fake jobs and recovery
The evidence of a double-dipping housing market and economy are becoming undeniable, even to those who cling perilously to the notion that government intervention has been a salve instead of a poison.
America's Public Enemy #1 - He's far bigger and badder than Osama bin Who, says Gerald Celente. / Isn't It Time We Overthrew the State? - Hans-Hermann Hoppe on the legal case for anarcho-capitalism. / 'Government Cured the Great Depression' - Gary No
Before we finally leave the topic of today's NFP data, we wanted to point out one last thing. While the total payroll number increased by 244,000, the household survey indicated a drop of 190,000. Editor Note: CNBC will never tell you this...
This indicator, I remind you, is the one that matters in terms of the government being able to actually fund operations via tax collection. This indicator must be positive in order for government funding capacity to improve.
Today's BLS of 244,000 is great... until you exclude the 62,000 from McDonalds hirings, and 175,000 from the Birth Death Adjustment, and end up with.... +7,000 jobs.
One of the key metrics in today's report: April civilian non-institutional population at 239,146, a meager rise of 146k from March, and the Civilian Labor Force also barely growing from 153,406 to 153,421 means that for the 3rd straight...
Editor Note: Two things to think about - Over 400,000 Americans are being laid off each week, there are 4.25 weeks in a month, which means over 1.7 million people are being laid off each month. Top it off with a Birth/Death # of 175,000...
I celebrated my 59th birthday this past Tuesday, May 3. Accordingly, it is time for my annual “Strictly Personal” column. I think it only fair that readers should have an opportunity to learn a little something about the person who writes the words t
An insolvent company can stay afloat much longer than anticipated.
Mexico, Russia and Thailand added gold now valued at about $6 billion to their reserves in February and March as prices advanced to a record, the dollar weakened and Treasuries lost investors money.
Jobless claims explode to 474K, beyond the worst economist expectation, far above consensus of 410K, and well above the previous (upward revised of course) number of 431K. This is the worst claims number since August 2010. Game over...
An insolvent company can stay afloat much longer than anticipated. For example, on July 5, 2006, Karen De Coster and I published an essay titled General Motors, Market Engineering, and Confidence "Protection."
(Reuters) - News Corp missed Wall Street profit expectations on weaker movie box office output compared to a year ago and struggling newspapers despite a strong performance by its cable and television business.
The current economic contraction (blue line on the chart) started on January 15th, 2010, and is now hitting new lows as it approaches 480 days in length.
As many of you old-timers know, my colleagues and I have been working to expose the fraud of the Federal Reserve System for many decades
