Economic Commentary
Economy Far From Being Out of the Woods
The evidence is mounting that the American economy is very far from being out of the woods. For one thing, the latest job...
Geithner Advised AIG to Keep Quiet About $105 Billion Paid to Banks
U.S. Treasury Secretary Timothy Geithner has some explaining to do. Both the New York Times and the British Telegraph have reported that e-mails...
Read moreStock Rally Owing to Plunge Protection Team Conspiracy?
The 60 percent gain in stocks since March was largely caused by secret government purchases of stock-index futures, the CEO of TrimTabs claims....
Read moreWill New Jobs Bill Create Jobs? Republicans Say No
Where do the kinds of jobs that will grow the economy come from? Can the federal government simply create them through more spending?...
Read morePonzi Schemes and Social Security
More than $16 billion of investors’ money evaporated in Ponzi schemes in 2009, according to the Associated Press. Although the names Bernie Madoff...
Read moreFed Backers Seek Power More Than Wealth
The prime architect of the Federal Reserve was German immigrant Paul Warburg. Arriving in America in 1902 with brother Max, he married into...
Read moreThe Economy: Cheerleaders vs. Reality
When MSNBC headlined the report that existing home sales surged by 7.4 percent in November (according to the National Association of Realtors), it...
Read moreChina Slows U.S. Debt Purchases
Chinese officials have once again publicly stated their intention to buy less U.S. Treasury debt, according to the December 18 Shanghai Daily newspaper....
Read moreBernanke is “Times'” Man of the Year
With the expiration of one of the most turbulent years, economically speaking, in American history, it is not surprising that Time magazine has...
Read moreUnemployment Wreaking Havoc on Middle America, New Poll Shows
The economic conventional wisdom of the moment is that the U.S. economy has begun to turn around. According to mainstream economists, a tentative...
Read moreJobs Summit – More talk? Yes. More jobs? No
When ABC News asked if the "jobs summit" would make real progress or would just be "simply a glorified public-relations stunt," it studiously...
Read moreCopenhagen: UN Calls for Trillions in Reparations for “Climate Debt”
The United Nations summit on global warming in Copenhagen is less than a week away, and UN agencies are trying to pre-set the...
Read moreRecession “Double-Dip” Coming?
In spite of forecasts by some commentators of an improving economy, several factors point to a coming, even worse, "double-dip" recession: false government...
Read moreBernanke Attacks Ron Paul’s Audit the Fed Bill
Federal Reserve Open Market Committee Chairman Ben Bernanke is pulling out all the stops to kill Congressman Ron Paul's legislation to audit the...
Read morePelosi: More Stimulus Will Create Jobs. Really?
With rampant foreclosures and declarations of bankruptcy, historic levels of money creation, a plummeting dollar, and double-digit unemployment, one would think that the...
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