There is so much discussed in the 30-minute interview below with former Senior Counsel to the World Bank, Karen Hudes, who although reappointed, has since been barred from serving. Hudes, working within the US political system, is determined to protect American’s from the inevitable financial fallout America’s political class created and continues to enable. [Read more…]
With the acceleration of economic and monetary events McAlvany Financials produced a short film series detailing the future of the US Dollar currently serving as the world’s reserve currency. The pressure being brought to bear to collapse the dollar and replace it with another currency is enormous. [Read more…]
SupportCreditUnions.com covered the infamous Max Keiser in a rare, albeit colorful, presentation in L.A.’s Chinatown. If you are a Max Keiser and Stacey Herbert fan you won’t want to miss this “major rant against the big banks.” [Read more…]
This report by Al Jazeera’s correspondent, Sebastian Walker, from Haiti shows every well intentioned donor to disaster relief precisely how their donations are spent or not. To learn that more than a year after the devastating earthquake that rocked Haiti and her people that thousands upon thousands still have no “drinking” water is shameful. What the hell have these relief agencies spent donors money on? Running water, people, friggin running water! In a years time these agencies, especially the UN, have demonstrated their utter ineptness by not even successfully providing WATER!
Read full story by clicking HERE
by Doug Eberhardt, Buy Gold and Silver Safely
What the heck is going on these days with the banks? More and more issues are arising with our nations banks causing concern for the investing public.
On August 17, 2009 I wrote an article entitled The Banking Crisis is Far From Over. I wanted to make people aware of what was really going on in the banking industry as it is this sector of the economy that keeps the Federal Reserve illusion of stability alive. If the People lost faith in the banking system, we would sink into a depression. From the article; [Read more…]
From RT – “On Friday new numbers are going reveal what is occurring in the employment sector, but many economists say the outlook is grim. The unemployment still lingers at around nine percent and Congress has fallen short of creating jobs for many Americans. The Federal Reserve is believed to step in again with more quantitative easing, but is this really the solution to the US’ economic problems? Peter Schiff, president at Euro Pacific Capital, will help answer some questions.”
Dylan Ratigan for President! This man knows what he’s talking about and he’s got hellfire in his belly. We need a leader in the White House who refuses to be owned by the almighty dollar, but rather, to lead and be singularly focused on home. Re thinking…lol…
Not sure about Ratigan’s proposed “Infrastructure Bank” but for those that want to learn a bit about this idea, I suggest reading “The Bankster Plan to Hijack the Next Budget Deal” I”m not convinced this is the fix…
Here’s Cryptogon’s take on Ratigan’s rant – Dylan Ratigan Rant Over Political and Economic System Designed to “Extract America”
See updates below X1
United States of America Long-Term Rating Lowered To ‘AA+’ On Political Risks And Rising Debt Burden; Outlook Negative
We have lowered our long-term sovereign credit rating on the United States of America to ‘AA+’ from ‘AAA’ and affirmed the ‘A-1+’ short-term rating.
We have also removed both the short- and long-term ratings from CreditWatch negative.
The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.
More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011.
Since then, we have changed our view of the difficulties in bridging the gulf between the political parties over fiscal policy, which makes us pessimistic about the capacity of Congress and the Administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government’s debt dynamics any time soon.
The outlook on the long-term rating is negative. We could lower the long-term rating to ‘AA’ within the next two years if we see that less reduction in spending than agreed to, higher interest rates, or new fiscal pressures during the period result in a higher general government debt trajectory than we currently assume in our base case. [Read more…]
Today, Max Keiser and co-host, Stacy Herbert, report from New York City. They discuss the exorbitant privilege America is about to lose. They look at football players with AAA credit ratings and at Apple’s cash stockpile bigger than Americas” –
KR on Facebook – http://www.facebook.com/KeiserReport
This week Max Keiser and co-host, Stacy Herbert, report on haircuts on T-bills and rebounds in silver. In the second half of the show, Max talks to James Howard Kunstler about dumping Treasuries and fracking gas.
KR on FB: www.facebook.com/KeiserReport
Msnbc notes:
Many Americans believe that the 2008-2009 downturn never ended.
***
The U.S. has entered a second recession. [Note: That this would happen has been obvious to anyone paying attention. See this and this.] It may not be as bad as the first. Economists say that the Great Recession began in December 2007 and lasted until July 2009. That may be the way that the economy was seen through the eyes of experts, but many Americans do not believe that the 2008-2009 downturn ever ended. A Gallup poll released in April found that 29 percent of those queried thought the economy was in a “depression” and 26 percent said that the original recession had persisted into 2011.
(Indeed, more Americans believe the U.S. is in a depression than believe that the economy is growing). [Read more…]
On the Edge w/Max Keiser –
In this edition of the show Max interviews J.S Kim from SmartKnowledgeU.com.
He talks about how countries and banks are evolving towards gold as money, even though they publicly may say it’s not but they know it’s an asset that they hold which is worth something.
httpv://www.youtube.com/watch?v=rzGSS1cfjcM&feature=mfu_in_order&list=UL
httpv://www.youtube.com/watch?v=_JI9UYeL6GA
Checkout Max on Facebook – www.facebook.com/keiserreport
And for those who are interested, HERE is the article Maloney wrote about the Hunt Brothers.