What A Year 2012 Has Been! 75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe

By Michael

What a year 2012 has been!  The mainstream media continues to tell us what a “great job” the Obama administration and the Federal Reserve are doing of managing the economy, but meanwhile things just continue to get even worse for the poor and the middle class.  It is imperative that we educate the American people about the true condition of our economy and about why all of this is [...]

Mickey Mouse takes NKorean stage in show for Kim

PYONGYANG, North Korea (AP) — Mickey Mouse and Winnie the Pooh took the stage in North Korea during a concert for new leader Kim Jong Un, in an unusual performance featuring Disney characters.

Performers dressed as Minnie Mouse, Tigger and others danced and pranced as footage from “Snow White,” “Dumbo,” “Beauty and the Beast” and other Disney movies played on a massive backdrop, according to still photos shown on state TV.

The [...]

There Is Not Going To Be A Solution To Our Economic Problems On The National Level

For those waiting for our economic problems to be solved, you can quit holding your breath.  There is simply not going to be a solution to our economic problems on the national level.  So why is that the case?  Well, it is because the economic policies of both major political parties are very, very similar when you take a close look at them.  Yes, that statement may sound downright bizarre [...]

US/Global economy

As we watch the sporadic downward spiral of Europe and the US “economies” (I prefer civilizations) it’s curious that no one acknowledges that all of the underpinnings for this disaster have been in place for MANY decades. The statistics documenting the economy are regularly, if not rigorously collected, distributed and analyzed.

1) Aging population 2) loss of national competitiveness vs other nations 3)morbid obesity/illness growing at alarming rates 4) decliining public [...]

Grim Economic Prospects for 2012: How the Federal Reserve Overshadows the European Banking System

Bob Chapman
International Forecaster
January 1, 2012

What does one write about between Christmas and New Years? Things are usually pretty quiet, especially in Europe. As a result we’ll give you a little about this and a little about that.

Public institutions worldwide are fighting ratings downgrades foremost of which is France, the US and, of course, sovereigns and banks worldwide. Miracles of miracles finally the rating agencies are doing their jobs. The caper [...]

Grim Economic Prospects For 2012, U.S. Fed To Overshadow The European Banking System

Grim Economic Prospects For 2012, U.S. Fed To Overshadow The European Banking System

Economics / Global Debt Crisis 2012
Jan 01, 2012 – 11:06 AM
By: Bob Chapman

 

Public institutions worldwide are fighting ratings downgrades foremost of which is France, the US and, of course, sovereigns and banks worldwide. Miracles of miracles finally the rating agencies are doing their jobs. The caper they pulled in collusion with Wall Street in rating mortgage securities should [...]

If We Must Have a Corporate Tax, Let’s Tax Gross Receipts

by John Tamny,  Toreador Research and Trading (Guest Contributor)

Taxes are always on the mind of the electorate, and while individual rates of taxation garner the greatest fraction of our attention, the way corporations are taxed is important too. A change in direction in this area could potentially free up a lot of capital, all the while reducing a great deal of waste.

By now most investors [...]

Cause of market plunge today:

Rick Santelli just mentioned this on CNBC, so here it is:

China reviews eurozone bond holdings

“China, which boasts the world’s largest foreign exchange reserves, is reviewing its holdings of eurozone debt in the wake of the crisis that has swept through the region’s bond markets.

Representatives of China’s State Administration of Foreign Exchange, or Safe, which manages the reserves under the country’s central bank, has been meeting with [...]