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Death of the American Dream: Home ownership falls to lowest level in nearly 50 years

When it comes to both the government and the Federal Reserve, trusting any program to either of these agencies is a sure fire way to destroy an industry.  And just as former Fed Chairman Alan Greenspan helped create the housing bubble that burst confidence in home ownership, the latter two central bank heads have finally killed it entirely. On July 27, the U.S. Census issued its most recent home ownership d ...

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Greece is not the only country where pensions are at the root of an economic disaster

In the ongoing debt crisis taking place between Greece, Germany, and the EU's financial Troika, Greek pensions remain squarely in the crosshairs for austerity cuts to allow acceptance of a new round of bailouts, and a saving of Greece's insolvent financial system.  But with the global economy in decline and even recession despite manipulated equity market highs, the Damocles Sword of underfunded pensions el ...

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State Of Texas Signs Into Law A Bill To Repatriate Their Gold From The FED

Back in 2011, the University of Texas completed the repatriation of over $1 billion in gold it had stored with the Federal Reserve in vaults underneath their New York City offices.  This money was part of the school's vast endowment fund, and represented a lack of trust in the central bank at a time when foreign countries such as Venezuela and Germany were also seeking to repatriate their own gold from the ...

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Is your bank account safe? Cyber-hacking on financial institutions increasing in 2015

On May 20 it was confirmed that cyber-hackers had broken into one of the district banks of the Federal Reserve, validating what many experts predicted will be a massive increase to state sponsored and rogue lone wolf electronic break-ins of banks and businesses in 2015. The St. Louis Federal Reserve website was hacked in April, causing a large portion of website traffic to be re-routed to a spoofed site and ...

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Fed Chairman Janet Yellen states that cash has relatively little value

As the world begins to realize that the entire purpose of the Federal Reserve is to prop up stock markets and ensure the orderly flow of wealth from the 99% to the 1%, an interesting statement was made by the central bank Chairman Janet Yellen in San Francisco last week where she said that "cash is a not very convenient store of value", and validated that the fiat currency that comes from the printing press ...

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Former Fed Chair Alan Greenspan believes Greece has no choice but to leave EU

On Feb. 8, former Chairman of the Federal Reserve Alan Greenspan announced in an interview that it is not worth the consequences for the Troika to fund or bailout Greece's financial crisis and that it is inevitable that the Southern European country will have to leave the Eurozone and go out on its own. Citing analysis from both sides of the debate, Greenspan alluded to the belief that both sides would bene ...

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2008 Redux? S&P falls below 1900 with Dow losing nearly 1000 in last 30 days

While a decline of 1000 points in a market that recently resided at new all-time highs is not a complete cause for alarm, when coupled with massive declines in Europe, Japan, and a wave of global deflation fears, we suddenly find that the table is set for a repeat of the great stock market crash of 2008. As trading forges towards a close on Oct. 13, the Dow has now lost more than 800 points since Sept. 23, ...

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Federal Reserve has one final card up its sleeve… the Doomsday Book

This week, former heads of the Federal Reserve and U.S. Treasury converged on Washington to give testimony as to the monetary status of the economy and banking system.  During part of the more than six hours of testimony, the financial heads were asked about a secret and disturbing publication the Fed has in case of a sudden financial meltdown.  Known as the Doomsday Book, this document supposedly is a comp ...

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Guerrilla Economist: America is the source of all the financial fraud in the entire world

On Aug. 15, V, the Guerrilla Economist was a guest of the Caravan to Midnight radio show hosted by John B. Wells.  During his two hour interview, V laid out the scenario that nearly all of the economic issues affecting both the U.S. and the world today are America's doing, and that the U.S. period is the source of all the financial fraud occurring throughout the entire world. John B. Wells: Ok, two points h ...

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Michael Pento: Fed stopped QE because economy is cratering

On May 29, long time financial strategist Michael Pento spoke on the sudden drop in bond prices, and the ramifications of the falling Treasury notes.  During his 15 minutes interview with King World News, Pento laid out the only conclusion that could be drawn from both the Fed tapering, and the bond market falling... The realization that the economy is cratering. Eric King: Let's start with the bonds... the ...

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Senile former Fed Chair Alan Greenspan claims bubbles everywhere but U.S. markets

Even though the former Chairman of the Federal Reserve Alan Greenspan is too old to cut the mustard, he seems these days desperate enough to still try to lick the jar.  In a guest appearance on CNBC today, the former head of the U.S. central bank began blaming most financial worries on monetary 'bubbles' in foreign markets, while at the same time refuting that the Fed created highs in the Dow, Nasdaq, and S ...

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America and the West are in the late stages of a fascist takeover

On Feb. 19, famed economist and statistician Jim Willie provided a chronological blueprint on how the Federal Reserve, primarily through Fed Chairman Alan Greenspan and later, his predecessor Ben Bernanke, used monetary policy to shift power away from a Constitutional government and into the hands of banks and corporations. These policies, which began after the 1987 stock market crash and ending with the cu ...

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