What a surprise! After the mainstream media forced you to watch hours upon hours of coverage on the staged debt ceiling “crisis,” Washington somehow found a way to save their own hides, and pull off a “last-minute” debt deal.
Here’s what to expect 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.
Most Americans have no clue that the Federal Reserve is not part of the U.S. Federal government. But even fewer know that they have a machine-gun toting police force as well.
There will be no FTMWeekly Radio show this week as Jerry will be out of the office this weekend. In lieu of our regular weekly program, enjoy this recent interview with Jerry Robinson on Financial Survival Radio.
It helps if you think of the Fed as a drug pusher. Pushers don’t “market” their drugs. Instead, they rely upon the addicts to come crawling back for more. The Fed doesn’t need to push QE3 on the public. This would only bring more attention to its true intentions. Instead, the Fed will let the public demand it.
Stocks are getting hammered today after U.S. companies added fewer employees than forecast in May. Here are some of my random thoughts on the U.S. economic “recovery.”
Today, FTMDaily.com sits down with Jerry Robinson to ask him questions that every reader wants to know. From creating multiple streams of income, to the commodities markets, to Jerry’s outlook on the exciting future of FTMDaily.com, we have the scoop from the founder and editor-in-chief himself. Enjoy the interview!
To help understand the coming dollar collapse due to the faltering petrodollar system, I often use an illustration about a hamburger stand. Here it goes…
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.
Will the Euro survive? Or will the Euro collapse? There are a lot of questions swirling around the debt-ridden Eurozone. Before I tell you my thoughts, let’s take a brief look at how all of this mess got started.
We get quite a steady stream of questions here at our organization about where I think gold prices are going to go both in the short term and in the long term… Right now, there are several analysts who are claiming that gold is in a bubble, or that gold is nearing its peak…
One chilly Sunday morning, amid the height of the subprime crisis in early 2009, I found my way to a church service in the heart of the Midwest. The church, known as a “megachurch” and one of the largest in the region, was typical of most churches its size.
I must admit that as I sat down to watch the State of the Union address last night, I was more hopeful than usual that the President would at least propose a handful of ideas for effectively reducing our budget deficits and our collective national debt.
A report was released by the World Economic Forum ahead of the organization’s high-profile annual meeting in Davos, Switzerland, which is scheduled for next weekend. According to the report the organization is claiming that the global economy will need access to an additional $103 trillion in “credit” to sustain normal economic growth.
How will the creation of more “debt” help our debt-ridden global economy? It will not. However, it will directly benefit global financial institutions and the banking community… and that is what matters most these days. The more money they can lend, the more interest they can earn.
Silver was the first metal to be used as a currency more than 4,000 years ago. For millennia, silver has been viewed by the world as a form of money and as a store of value.
On Wednesday, newly empowered House Republicans took the reins and opened the 112th Congress to a new era of divided government in the nation’s capitol. Images graced the pages of the print media showing former Speaker Nancy Pelosi handing the gavel, the symbol of power in the Congress, to the apparently humbled Speaker John Boehner.
While the yuan is still years away from being able to displace the dollar in global trade, it is inevitable that the U.S. dollar will continue its downward trend which will require the rise of other currencies. The two contenders to watch closely in the coming years are the euro and the yuan.
To hear the entire program, click here.
Jerry Robinson is an economist, researcher, published author, columnist, international conference speaker, and the editor of the financial website, FTMDaily.com. In addition, Robinson hosts a weekly radio program entitled Follow the Money Weekly, an hour long radio show dedicated to deciphering the week’s economic and geopolitical news.
See the photos of the storm clouds that FTM Weekly Radio Show Host Jerry Robinson talked about… Here’s the link.
Ladies and Gentlemen, what’s happening in our nation’s airports right now is quite simply mind-boggling. Through the power invested into them by a bloated and power hungry Federal Government and the Homeland Security department, the Transportation Security Administration (also known as the TSA) is now able to treat law-abiding American citizens who want to travel by airplane as criminals and terrorists without probable cause.
Tuesday evening at 8:30pm CST… Just a quick note as I am watching the election results come in on the network news tonight. I am enjoying getting the full spectrum of political viewpoints changing channels from CNN to FoxNews and then to MSNBC. Quite a big difference… All journalism today is opinion. Very little objectivity to be found.
There seems to be a major disconnect in the financial world today about what drives the prices of hard assets. This ignorance has been displayed through some well intentioned financial “experts” who have gone on record saying that gold and silver prices are in a bubble and have reached their peak.
A story was published this week out of London in the Telegraph that was entitled: “Every Email and Website to be stored.” The report details the plans of the British government to record and store every email, every phone call, and every website visit of every British citizen who uses a telephone or the internet.
Most of you are aware that there has been little improvement in the over all economic outlook… The official unemployment rate has risen from 5% at the beginning of the recession in December 2007 to 9.6% in September 2010.
In essence, what we are witnessing right now is a new global war. Its not a physical war involving lead bullets and military might. Instead, it is a global economic war in which nations are firing financial bullets at their own currencies.
This week, U.S. Congressman Ron Paul continued his tireless campaign to end the Federal Reserve. On Thursday, Dr. Paul was interviewed over at the Fox Business Network.
2010 World Economy Growth Forecast: 4.6%… In July, the International Monetary Fund (IMF) said that the global economy would grow at a rate of 4.6% — the highest rate since 2007.
Last week offered much in the way of understanding how things may be beginning to unfold at the Federal Reserve. After the August 10 Fed Board meeting where tensions reportedly flared among members over when to begin a new round of quantitative easing, came the Fed’s annual retreat to Jackson Hole where Bernanke undoubtedly revealed the Fed’s stance as a deflation fighter. You can read his entire speech
Of course, the big news last week came out of the Middle East. The U.S. announced new peace talks set to take place next month between Israel and the Palestinians. And after years of delays, Iran finally began loading tons of uranium fuel into their first nuclear reactor (Russian-built) on Saturday.
A U.S. government report issued yesterday revealed that China cut its holdings of Treasury bonds and notes by the most ever recently. China’s holdings of long-term treasurys fell by $21.2 billion in June to $839.7 billion.
This weekend, Iran goes atomic. On August 21, Iran will bring the nation’s first nuclear power reactor online when it loads a shipment of nuclear fuel into the core of the Bushehr nuclear plant.
It appears that despite the “best” efforts of Washington, the U.S. economy is continuing its miserable collapse. The jobless rates are more than just mere numbers. They represent agonizing pain of families who are in fear of losing their home to foreclosure and their creditworthiness to bankruptcy.
Listen as Jerry Robinson talks with F. William Engdahl about his ground-breaking new book, Gods of Money: Wall Street and the Death of the American Century. You may be surprised by Mr. Engdahl’s take on the recent Euro crisis.
Listen as Jerry Robinson talks with F. William Engdahl about his ground-breaking new book, Gods of Money: Wall Street and the Death of the American Century.
I remember the frustration I felt when I enrolled in college to get my second degree. I was stuck between choosing finance and economics. I will never forget the advice given to me by my enrollment counselor. She said: “Finance majors make good money when they get out of school, but economists rule the world.” Needless to say, I chose economics and never looked back.
While checking the news on Sunday, I ran across this headline on the Drudge Report…
A Chinese airport was closed after a mysterious object was spotted in the sky.