Most of us have heard the horror stories of hyperinflation through the lens of the Wiemar Republic and the nation of Zimbabwe.  However, distance and time have made these events superficial, and left to the imagination since Americans are far removed from them. 
 But in the past two years, hyperinflation in the Euro Zone is not only becoming a distinct possibility, and in the instance of Belarus, a fact.  F ...

Federal Reserve Chairman Ben Bernanke criticized the debt ceiling as an unusual device that can be used to prevent the United States from paying it’s bills, as he suggested that the country would be better off if the debt limit did not exist. 
 “I think it would be a good thing if we didn’t have [the debt ceiling],” Bernanke told students at the University of Michigan today. “I don’t think that’s going to h ...

Political Washington theater continues. Republicans and Democrats agreed years ago to erode America's social contract en route to eliminating it altogether. Crisis conditions create opportunities. Former White House chief of staff, Rahm Emanuel, explained. "You never want to let a serious crisis go to waste," he said. "What I mean by that is that's an opportunity to do things you couldn't do before." He did ...

The New York Stock Exchange called time on two centuries of independence on Thursday, agreeing to an $8.2bn takeover that will hand control of the icon of American capitalism to an Atlanta-based energy trader. The stock exchange's holding company, NYSE Euronext, has agreed to an offer of $33.12 a share in cash and stock from IntercontinentalExchange (ICE). ICE was founded in 2000, NYSE in 1817. The combined ...

  The joke is that the maximum volume is usually 10, but this one goes a stage higher. “Turning it up to 11” has since become a way of talking about extremes, or reaching beyond what is normally possible. I recite the origins of the term because, unlikely though it might seem, it recently cropped up in conversation with a senior Bank of England policymaker. In his view, monetary policy, not just in Bri ...

  Americans intuitively comprehend that something is radically wrong even if they don’t understand why it is happening or what caused the economic implosion and calamity. As the economic misery piles up and government becomes increasingly powerless to solve problems, folks are indeed justifiably scared and trembling as they comprehend that life as they know it is has never been more gravely threatened. ...


 Alternative financial media have noted for years that: Fraud caused the Great Depression and the current financial crisis, and the economy will never recover until fraud is prosecuted Criminal fraud is the main business model adopted by the giant banks. See this Largely because they are out-of-control criminal enterprises, economy cannot recover unless the big banks are broken up. The Obama administration ...

  The “fiscal cliff” is another hoax designed to shift the attention of policymakers, the media, and the attentive public, if any, from huge problems to small ones. The fiscal cliff is automatic spending cuts and tax increases in order to reduce the deficit by an insignificant amount over ten years if Congress takes no action itself to cut spending and to raise taxes. In other words, the “fiscal cliff” ...

  Gold was down (at press time) $2.70 (-0.2%) for the week to $1,697.40, and silver was down $0.48 (-1.5%) to $32.59. GoldCore argued that gold’s decline was curious after “The Fed said that it will maintain ultra-loose monetary policies for the foreseeable future, and the Fed will in effect double the pace of dollar creation.” “Essentially, the US central bank now IS the market for US government debt, ...

  The tiny Nordic European island country of iceland is presently experiencing one of the greatest economic comebacks of all time.  After the privatization of the banking sector completed in 200o, the economy was thrown into a tailspin when over a five year period,  private bankers borrowed 120 billion dollars (10 times the size of Iceland’s economy). A huge economic bubble was created, causing house p ...