collapse

In order to understand the Federal Reserve System it is necessary to have some rudimentary knowledge of banking in general and international bankers in particular.  Quite simply, the mission of every bank is to create debt.  Depositors’ money is loaned AT INTEREST back to them.  Essentially, banks profit using money that does not belong to [...]

Ron Paul delegates picked up 21 of the 25 unbound seats from the state of Iowa over the weekend.  Paul looks likely to have about 200 delegates on the floor in Tampa for the Republican convention that are able to vote for him and more importantly making a significant, positive contribution to the 2012 Republican [...]

Greek political elections being held this weekend may determine whether the country becomes the first member of the euro to leave the currency union.  The worst-case scenario envisions governments defaulting on their debts, a run on European banks and a worldwide credit crunch reminiscent of the financial crisis in the fall of 2008.  When (NOT [...]

Illinois is “on the verge of a financial disaster” as payments on the state’s debt have skyrocketed, said Treasurer Dan Rutherford.  He is talking about the extreme deficit the State of Illinois is currently running, surpassing California and Greece in debt per person.  Every household in Illinois is responsible for the repayment of $42,000 to [...]

John Swinton, the chief editorial writer for the Times during the American Civil War had an enlightening view of the press and a seemingly prophetic theory of its path.  He made this comment at a press banquet in which he was being honored after a toast was made to the independent press: There is no such thing, [...]

The occupy movement is endorsing a vision of universal equality, of the dissolution of national borders, and of democratic self-governing communities, and now are gathering at the  heart of one of  America’s greatest capitalist metropolis’ to promote revolutionary anarchism and communism to achieve social justice.  The protests in  Chicago have been relatively peaceful thus far, and not nearly [...]

It appears that the EU collapse debate has shifted towards accepting the inevitability of a Greek exit with central bankers across the euro zone openly discussing the pros and cons of a Greek departure.  Now the focus seems to be that of the knock-on effect, particularly in Spain,  accelerating the euro crisis into an entirely new dimension.  [...]

Barack Obama had been urging young voters to go to social media web sites like Twitter and Facebook to pressure their lawmakers to prevent the interest rates on student loans “from shooting up and shaking you down.”  He is talking about the fact that interest rates are set to double on July 1, from 3.4% to 6.8%, on [...]

The CIA recently thwarted an Al Qaeda attempted suicide bomb attack on a U.S. commercial aircraft.  This terrorist possessed the latest underwear bomb and he would not have been caught by the  TSA’s most conscientious human screeners or its highest-tech full body scanners.  Al Qaeda’s leader, al-Zawahri, is urging Muslims to take revenge for the February burning of Quran Muslim holy books at a U.S. [...]

What is the January 2013 Tax Bomb?  If President Obama and Congress fail to act this year, an enormous, unprecedented tax increase will fall on American taxpayers starting on January 1, 2013. The Washington Post called the looming tax increase “Taxmageddon,”  and Federal Reserve chairman Ben Bernanke called it a “massive fiscal cliff.”  Of course [...]