U.S. foreclosure actions shattered all records in 2009 and will do so again this year, with unemployment and wage cuts overcoming programs to remedy failing home loans, RealtyTrac said on Thursday.
…

From Ron Paul Powerful Speech – A Call for Revolution?

Yesterday morning,  executives from the banks which control the NY Fed and, in that capacity, serve as the depositories and agent for the US government, testified before the Financial Crisis Inquiry …

Genetically modified maize can damage the liver and other internal organs in mammals, according to a new study published in the International Journal of Biological Science.

In the study, rats were …

My dear friends Pastor Brent and Debbie Landers lead the General Assembly & Church of the Firstborn 161 Baker Road, Hohenwald, TN 38462. The church has a mission in Haiti.

I am sending them a c…

Researchers in Australia found that prolonged television viewing was linked to an increased risk of death, even in people who exercised regularly, and recommended more be done to encourage people to s…

At last count, 14 Attorneys General, Republican and Democrat are investigating this legislation [federal health care reform] for violating the 10th Amendment to the United States Constitution.

As you…

William Black, an associate professor of economics and law at the University of Missouri-Kansas City, talks with Bloomberg’s Betty Liu about Secretary of Treasury Geithner.

View video:Black Says Ge…

President Barack Obama said, “My thoughts and prayers go out to those who have been affected by this earthquake. We are closely monitoring the situation and we stand ready to assist the people of Hait…

Argentina’s central bank reserves dispute suffered an expected escalation when on Tuesday Judge Thomas Griesa from New York State placed an embargo on Argentine central bank accounts held in the U…

By Lester Brown

America’s century-old love affair with the automobile may be coming to an end. The U.S. fleet has apparently peaked and started to decline. In 2009, the 14 million cars scrapped e…

By Tom Philpott

The Gates Foundation has emerged as a kind of de facto USDA for Africa: a deep-pocketed funder with a focus on agriculture, in a continent that has seen ag-research funding plunge ove…

Executive Order will Strengthen Further Partnership Between the Federal and State and Local Governments to Better Protect Our Nation

The President today signed an Executive Order establishing a…

By Joe Weisenthal

Continue reading Chart of The Day:Cash-Strapped States Hope Salvation Is Right Around The Corner

by Jesse

As a rule of thumb, the worst possible time to convert lump sum savings into a fixed income annuity would be when interest rates are historically low.

Although products may vary, this is ro…

By David Glovin

The Federal Reserve will ask a U.S. appeals court to block a ruling that for the first time would force the central bank to reveal secret identities of financial firms that might ha…

Continue reading Second Wave Of Mortgage Defaults – Part 1

by Karl Denninger

Now this is a guaranteed rape job.

In a short conversation this noontime that CNBC apparently has omitted from their archives (Why’s that folks?) Rick Santelli was talking …

By Joe Weisenthal and Kamelia Angelova

Continue reading Chart Of The Day: A Jobless Recovery? Not For The Financial World

By Frederick J. Sheehan

This paper is directed to traditional municipal bondholders, those who hold bonds primarily to receive tax-exempt, steady income. That investor generally holds municipal bo…

By Jeff Plungis

U.S. investors oppose federal initiatives that would force them to give up control over their 401(k) accounts, the Investment Company Institute said.

Seven in 10 U.S. households ob…

By Elena Logutenkova, Joseph Heaven and Klaus Wille

Switzerland’s financial markets regulator broke the law when it ordered UBS AG to give data on 255 of the bank’s clients to the U.S. last yea…

Christopher Paton, who runs JPMorgan Chase & Co.’s public-sector benefit payments business, talks with Bloomberg’s Margaret Brennan about trends in food-stamp use in the U.S.

Click to View Vide…

By Hugh Son

Timothy Geithner was asked to testify before Congress about the Federal Reserve Bank of New York’s efforts to limit American International Group Inc.’s disclosures of bailout paymen…

By Tyler Durden

The latest observation on our depressing economic reality, behind the glitzy headlines and the 3D TV screens, comes from Bloomberg’s Jonathan Weil who rightfully asks “if AIG execut…

Smartdust is a hypothetical wireless network of tiny microelectromechanical sensors (MEMS), robots, or devices, that can detect (for example) light, temperature, or vibration.

A typical applic…

Continue reading Sugar: The Bitter Truth
YouTube (30 July 09)

Reginald H. Howe, partner in Golden Sextant Advisors and litigator in the first gold price-fixing case, Howe vs. Bank for International Settlements, has just analyzed the latest precious metals deri…

Continue reading How Will The Economy Recover With Lending Shrinking Like This?

By Catherine Austin Fitts

I would like to propose a contrary theory to the dire views of those looking behind the veil of recent economic statistics.

First, if you look at the amount of mone…

Continue reading The Decline: The Geography of a Recession

Continue reading Video Dispatch: The Year Ahead in East Asia

Continue reading Video Dispatch: The Year Ahead for Russia

By John Crudele

The charade continues this Friday.

That’s when the Labor Department will announce how many jobs it claims were lost in the US economy during December.

The number is essentially wo…

By Omar R. Valdimarsson and Tasneem Brogger

Iceland will hold a referendum on a depositor accord with the U.K. and Netherlands after President Olafur R. Grimsson blocked the bill in a move that…

By Robert K. Landis

On October 16, 1929, Irving Fisher, Professor of Economics at Yale University, made a famous prediction: “Stock prices have reached what looks like a permanently high plateau…

By F. William Engdahl

On December 25 US authorities arrested a Nigerian named Abdulmutallab aboard a Northwest Airlines flight from Amsterdam to Detroit on charges of having tried to blow up t…

“At the height of the Great Depression, a group of unemployed Oakland workers decided to take matters into their own hands. The system wasn’t working, so they set up their own system. Money was ne…

With his new commentary today, GoldMoney founder, Free Gold Money Report editor, and GATA consultant James Turk celebrates the spectacular performance of gold and silver in 2009. Turk reports that g…

By Bob Carlson

Precious-metals sellers could face a bigger tax bite than they expect.

Investors have been pouring money into exchange-traded funds that buy gold and silver, and that has helped p…

By Tyler Durden

When Henry Paulson publishes his long-awaited memoirs, the one section that will be of most interest to readers, will be the former Goldmanite and Secretary of the Treasury’s recoll…

The global high-low on unemployment is South Africa with a 24.5% unemployment rate and Thailand at 1.2%. On GDP, China is up 8.2% and Latvia is down with -16.9%.

For the full chart from the Decembe…

“The greatest strength of America is that people want to live there.”

Continue reading A Ponzi Scheme That Works

By Larry O’Connor

In 1983, President Ronald Reagan issued an Executive Order which gave permission to the International Criminal Police Organization (INTERPOL) to operate within the boundaries of …

View Larger Chart

Continue reading US Avoids Technical Default By Three Days

By Hugh Son

The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurer’s payme…

Continue reading How The Government Payroll Replaced Goods Producing Jobs

The Weston A. Price Foundation has produced an action alert regarding the Senate Food Safety Bill.

From their newsletter (available only to subscribers):

Start the New Year off right, by t…

Continue reading Shunning the Banksters – Catherine Austin Fitts on Economics 101

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The Corbett Report

Continue reading Is The Government Misrepresenting Unemployment By 32%?

By Jason Leopold

A federal judge in Washington, DC on Thursday dismissed criminal charges against five Blackwater guards involved in the massacre of 14 Iraqi civilians in Baghdad in September 2007,…

What if Jesus where a stock picker?

It’s a question more investors seem to be asking these days. At a time when investors’ confidence in the markets has been shaken—even after the big rally of …

By Jonathan Stempel

NEW YORK (Reuters) – Morgan Stanley (MS.N) has been sued by a Virgin Islands pension fund that accused the Wall Street bank of defrauding investors by marketing $1.2 billion (753…

By Ambrose Evans-Pritchard

“We’re seeing the rise of the East, but I don’t think we’re seeing the fall of the West. China and the Middle East are for the most part massively short of food and w…

As we move into the new year and 2010 forecast after forecast hits the Street, invariably the “mountain of money on the sidelines” argument is being put forth by more than a good number of Street …

Continue reading Government Bonds Were The Dumbest Bet Of The Year

By F. William Engdahl

The Council of Europe member states will launch an inquiry in January 2010 on the influence of the pharmaceutical companies on the global swine flu campaign, focusing especial…