The big banks are preparing to feast upon the richest nations… including the bankrupt U.S.
The Governor of the Bank of England says that we are in the worst financial crisis ever. We hate to say it but we actually agree with a central banker right now.
Washington continues to fail on a debt deal. The simple goal for Washington right now is to pass a deal that will reduce the deficit. Washington leaders only have one incentive: re-election.
Editor’s Note: Few leaders in Washington have had as much of a direct role in attempting to control the U.S. economy and the financial markets than U.S. Treasury Secretary, Timothy Geithner. This week, there have been growing reports of Geithner’s desire to exit the Treasury. He has already moved his family out of the Beltway and back to New York. And who can blame him? He is at the epicenter of the worst economic crisis in recent memory and the pressure must be immense. And as we head into 2012 (think election year), there is little doubt that the White House will expect him to maintain his economic sleight of hand. The statistics below are just the warm-up as we head into 2012… And Geithner knows this more than anyone.
In 2008, our country went through a major financial meltdown. I stood there and watched 17 years of savings diminish. Half of my 401k was gone and my retirement plans went out the window. In September of 2008, I stopped my 401k contributions. I realized that some other plan was needed. As long as people in Washington are salivating over my retirement accounts, I will not contribute one more dime! I would rather buy silver, gold, and other commodities. I would rather be in control of my own retirement. The last thing I want to do is to depend on the government for anything.
FTMDaily.com Founder, Jerry Robinson, was recently interviewed about the state of the U.S. economy on Iranian State Television (presstv.ir).
In lieu of our regular daily column, we present this very special and exclusive Q&A session with economist and FTMDaily.com Founder, Jerry Robinson. This Q&A session is an excerpt from the Winter 2011 issue of our FTMQuarterly newsletter released on January 15, 2011.
by Eric Hammer | FTMDaily Contributing Writer TEL AVIV, Mar 24 – In a move that some right wing bloggers are referring to as “economic terrorism,” a former president of the SEIU (Service Employees International Union), Stephen Lerner, gave a talk at Pace University recently where he proposed a plan to destabilize certain Wall Street […]
After the latest budget measure passed by Congress with both parties vowing that they will go no farther, we ask yet again, will there be a government shutdown?
The ball is currently in the Democrat’s court. That’s the consensus that the House of Representatives and Speaker of the House John Boehner have offered regarding a possible government shutdown.
“Information received since the Federal Open Market Committee met in September confirms that the pace of recovery in output and employment continues to be slow. Household spending is increasing gradually, but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit.
Follow the Money Weekly radio host Jerry Robinson talks with popular author and financial commentator, Michael J. Panzner regarding the most pressing economic issues. The interview includes Panzner’s outlook on inflation in the U.S., as well as his opinion about precious metals and agriculture.
Banks repossessed a record number of U.S. homes in the second quarter, but slowed new foreclosure notices to manage distressed properties on the market, real estate data company RealtyTrac said on Thursday.
As we close on another week replete with ugly economic data and the usual bizarro counterintuitive market, here is a summary of the 50 most underreported facts about the state of the US economy, courtesy of the Coto report.
The Fed is now threatening to pull out the big guns.
The small southern California city of Maywood has hit on a unique solution to its budget crisis.