The Monopolization of America You walk into your local convenience store and head to the cold walk-in beer room in the back.
Foreclosures May Rise to Record 3 Million U.S. Homes This Year Jan. 14 (Bloomberg) -- A record 3 million U.S. homes will be repossessed by lenders this year as high unemployment and depressed home values leave borrowers unable to make their house payment or sell, according to a RealtyTrac Inc. forecast.
homeless in america Video
FED GAVE Banks Access to 23.7 TRILLION DOLLARS NOT $700 Billion! Video
State of the Republic Address: Is That All There Is To A Recession? As we start the new year 2010, the establishment politicians, economists and Wall Street are trying to convince themselves that we have turned the corner and economic growth has once again begun. The predictions that conditions are getting back to normal come from those who never saw the crisis coming and don’t have the vaguest notion what caused it. Some of them concede that it could be a jobless recovery. That will establish a new definition for a recovery.
Bradbury would create 'Bank of Oregon' if he were governor The state of Oregon should have its own bank so taxpayer dollars could help fund local businesses instead of boosting the profits of big multinational banks, says Bill Bradbury, Democratic candidate for governor and former secretary of state.
VIDEO: Ron Paul Warns of Social Unrest and Martial Law Video
Breakdown Of The Gold Market A great disconnect exists in the gold market between the exchange futures contract price (the paper price) and the gold bullion paid price for transactions (the physical price). The differential in price is growing wider, enough to place tremendous pressure on the gold market itself. Look not to the gold premium paid for purchases, but to high volume purchases in the tens of million$. In mid-December, almost every demand for gold contract delivery was matched by a cash delivery, complete with 25% bonus premium offered. The officials even produced a new ledger item called 'Cash For Delivery' that was necessary to balance their badgered books. It prompted little attention. Some call it a basic bribe. Others call it a technical default.
Think the PIGS Are in Trouble? These 7 U.S. States Could Be Heading for Something Worse The inevitable coming of the sovereign debt panic finally engulfed Europe this week as the derisively (or perhaps affectionately) named PIGS spilled their slop on the continent. But Portugal, Ireland, Greece, and Spain are hardly worthy of so much attention. In truth, they are little more than the currently favored proxies among the leveraged speculator community (cough) for the larger problem of all sovereign debt. Indeed, the credit default swaps on these smaller European satellite states were not alone this week in making large moves higher. UK sovereign risk rose strongly, and so did US sovereign risk. With a downgrade warning from Moody’s to boot.
Capitalism Cut Adrift There has been much talk expended over the years on the degree to which the media—and hence culture—is central to maintaining the capitalist system. Leading the charge have been Noam Chomsky and Edward Herman, so much so that they now more resemble sainted objects than social/political analysts, but then this is nothing new for the left, who unfortunately for the most part are happy to let others do the thinking for them.