Americans rising up against government: Column

America’s ruling class has been experiencing more pushback than usual lately. It just might be a harbinger of things to come. First, in response to widespread protests last week, the Department of Homeland Security canceled plans to build a nationwide license plate database. Many local police departments already use license-plate readers that track every car as it passes traffic […]

Continue reading

The Math That Predicted The Revolutions Sweeping The Globe Right Now

It’s happening in Ukraine, Venezuela, Thailand, Bosnia, Syria, and beyond. Revolutions, unrest, and riots are sweeping the globe. The near-simultaneous eruption of violent protest can seem random and chaotic; inevitable symptoms of an unstable world. But there’s at least one common thread between the disparate nations, cultures, and people in conflict, one element that has demonstrably proven to make these uprisings more likely: high global […]

Continue reading

Ukraine likely to default, says S&P

Standard & Poor’s ratings agency has lowered Ukraine’s long-term rating from ‘CCC+’ to ‘CCC’ saying the raging political crisis has put the government’s ability to service its debt at risk and raised uncertainty over Russia providing promised aid. “We now believe it is likely that Ukraine will default in the absence of significantly favorable changes […]

Continue reading

China Starts To Make A Power Move Against The U.S. Dollar

In order for our current level of debt-fueled prosperity to continue, the rest of the world must continue to use our dollars to trade with one another and must continue to buy our debt at ridiculously low interest rates.  Of course the number one foreign nation that we depend on to participate in our system […]

Continue reading

RBS to slash 20,000 jobs

Royal Bank of Scotland will next week announce a massive round of new job cuts that will take its staff numbers to their lowest level in more than a decade as the lender sets out how it will bolster its capital and return to profit. As much as a fifth of RBS’s staff could face […]

Continue reading

Asia Currencies Have Worst Week Since November on China Concern

Asian currencies had their worst weekly loss in almost three months as signs of a deeper economic slowdown in China and the Federal Reserve’s support for tapering asset purchases weighed onemerging markets. South Korea’s won led the declines as a gauge of manufacturing in China, the nation’s biggest export market, fell to a seven-month low. Thailand’s […]

Continue reading

With 2015 budget request, Obama will call for an end to era of austerity

President Obama’s forthcoming budget request will seek tens of billions of dollars in fresh spending for domestic priorities while abandoning a compromise proposal to tame the national debt in part by trimming Social Security benefits. With the 2015 budget request, Obama will call for an end to the era of austerity that has dogged much […]

Continue reading

Is it time to bin Basel?

After the financial crisis regulators, central bankers and politicians all agreed that we needed more financial regulation. Despite their failings they wanted their powers enhanced – especially at the international level. Indeed, even the Catholic Church got in on the act when its Justice and Peace Council released a document on the future of the […]

Continue reading

The Chinese Dominoes Are About To Fall: Complete List Of Upcoming Trust Defaults

As has been widely reported on these pages in the past month, after a near-reality experience almost claimed the first material Chinese shadow banking default, the Chinese government and central bank did what they do best: a mysterious “white knight” emerged out of nowhere, and bailed out the Credit Equals Gold #1 Trust [11]. A few days […]

Continue reading

Look to gold and silver in these uncertain times

The gold and silver prices are still gathering themselves, now that the $1,300 level has been overcome. With a calmer market, traders, speculators and heavy computer trading pushes prices in line with the weakening of the dollar, using the Dollar: Euro relationship as a guide. The developed world sees the dollar’s moves against gold as […]

Continue reading