We posted this back in 2007, but thought it might be worth viewing again as we watch a parade of rich financiers insist that they are innocent of what has happened. A bubble this big is no accident, n…

Gov. Arnold Schwarzenegger and California legislative leaders Monday said they reached a compromise to close the state’s $26 billion budget shortfall.

Continue Reading California Budget Deal Closes $…

By Tim Mullaney

Venture capital investment fell 51 percent in the second quarter as firms coped with the recession and a drought in initial public offerings, bringing funding for startups to the l…

More information at Wikipedia . . .

Update:

Asia Darkens Under Long Solar Eclipse
Reuters (22 July 09)

By Rob Kirby

With the former Investment Banks being granted Commercial Banking status due to the unfolding financial crisis in late 2008, it was widely reported in the mainstream financial press th…

Shock: Inside the Healthcare Bill
EconomicPolicyJournal.com

“Following the mad recommendations of Peter Singer made in NYT’s Sunday magazine, it pays to take a look at what is actually in the healt…

Under current law, the federal budget is on an unsustainable path, because federal debt will continue to grow much faster than the economy over the long run. Although great uncertainty surrounds long-…

Public Roads

By: Ellen Dannin

On July 24, 2008, the Denver Post reported that Coloradans were shocked to learn that the private contractor that had leased the Northwest Parkway objected to road imp…

By Paul Craig Roberts

There is no economy left to recover. The US manufacturing economy was lost to offshoring and free trade ideology. It was replaced by a mythical “New Economy.”

The “New …

By Zachary Roth

So: is Steve Rattner stepping down as the Obama administration’s car czar because of the investigation into whether his private-equity fund used pay-to-play tactics to win business fr…

Under a broader definition of joblessness, some states have rates higher than 20 percent. This rate includes part-time workers who want to work full time, as well some people who want to work but have…

AnimalFarm

This morning, hundreds of Amazon Kindle owners awoke to discover that books by a certain famous author had mysteriously disappeared from their e-book readers. These were books that they h…

Japan has again shown off one of its greatest innovations – square watermelons. For years consumers struggled to fit the large round fruit in their refrigerators. And then there was the problem of t…

“Walter Leland Cronkite, Jr. (November 4, 1916 – July 17, 2009) was an American broadcast journalist, best known as anchorman for the CBS Evening News for 19 years (1962–81). During the heyday o…

Goldman Sachs, the nation’s most powerful financial company, has reported the richest quarterly profit in its 140-year history: $3.44 billion between April and June. Goldman’s record profits com…

By David Liechty

In 1861, as the Civil War began, gold and silver coin remained the only national currency, while private-issued fractional-reserve bank notes, redeemable in coin, remained the majo…

At Zerohedge.com

The nation’s largest public pension fund has filed suit in California state court in connection with $1 billion in losses that it says were caused by “wildly inaccurate” credit ratings from the …

British Courtroom

By Tyler Durden

While momentum chasers in America quarrel over worthless data points and whether some trading desk bought an additional 20 PCs with Intel’s brand spanking new i7 C…

By David Liechty

Gold and silver coin conforming to the Act of 1792 formed the basis of the US monetary system for over seventy years. Certain foreign coin, including Spanish dollars, was also all…

Photo: M and Y

Hummingbird: Experts say birds are seen as messengers of the gods so this could be a message from beyond our world.

A crop circle depicting a 300ft-long hummingbird has appeared in a…

Photo:  Swiss Guards serve as the Pope’s bodyguards.

On June 3, the Italians seize $134.5 billion in US Treasuries (maybe fake, maybe not) from two Japanese on the Swiss-Italian border. Under th…

Learn more about Kyle Thiermann and Claim Your Change here.

The Bohemian Grove is a private meeting north of San Francisco along the Russian River that occurs for several weeks each July.

“The Bohemian club! Did you say Bohemian club? That’s where all those…

July 10, 2009

Bill Moyers: Welcome to the Journal.

The biggest medical drama on our TV screens this summer is not reruns of “House” or “Grey’s Anatomy.” It’s a high stakes, life and death spectacle …

When the Swiss bank UBS and federal prosecutors face off in a Florida courtroom on Monday, the focus will be whether UBS must disclose the identities of thousands of its American clients, but much mo…

Charity in truth, to which Jesus Christ bore witness by his earthly life and especially by his death and resurrection, is the principal driving force behind the authentic development of every person a…

Mohammed Bah Abba made a really cool invention, which won a Rolex Award of $100,000 –a refrigerator than runs without electricity. Here’s how it works. You take a smaller pot and put it inside a la…

Photo: Reuters
Saturday’s scheduled lift-off was expected to be delayed by more than 24 hours after the major electrical storm that struck near the Kennedy Space Centre in Florida. Continue Reading E…

By Franklin Sanders

The fact is, gold bugs (with their blind, monomaniacal devotion to gold) miss the point. They are so ideologically wedded to the yellow metal that they overlook both history an…

Homeless In Tent City, USA
It’s a sweltering summer afternoon, and the children are hot and miserable in the tent that’s been their home since they lost their house last month.
“You feel about as sma…

By: Jennifer Barry

China now has the fifth largest official gold reserve, 1,054 metric tons, surpassing Switzerland. While this was a 76% jump in gold holdings, the yellow metal is still only 1.6% …

By Terrence Keeley

The lessons of the past year for central bank reserve managers – overseers of $7,000bn in foreign exchange assets, four times the amount managed by their flashier cousins, the so…

By Mike “Mish” Shedlock

Look at the average age of baggers in grocery stores or greeters at Walmart. These people are not working because they want to; they are working because they have to. Demand…

By Brian Parkin and Dune Lawrence

Leaders of the world’s biggest developed and emerging nations avoided a debate over the dollar’s role in the global economy as they agreed not to devalue their…

By Maggie Fox

The U.S. government will pay for any vaccination program against the H1N1 swine flu, and may encourage schools to help vaccinate children, Health and Human Services Secretary Kathleen …

US Secretary of the Treasury Geithner & Goldman Sachs

Max Keiser: “Does the US Secretary of the Treasury work for the people or does he work for the banking system on Wall Street?”

Former Assi…

By Jonathan Weil

Never let it be said that the Justice Department can’t move quickly when it gets a hot tip about an alleged crime at a Wall Street bank. It does help, though, if the party doing …

By Ourtownnews

The Governor of New York just appointed Richard “Dick” Ravitch to serve as his lieutenant governor.

I served as the Dillon Read officer responsible for our senior underwriting resp…

By Lisa Jucca

Switzerland has vowed to prevent UBS from handing over client information to U.S. authorities, in an attempt to defend bank secrecy, saying a tax case targeting its main bank is souri…

Photo: United Future World Currency

World leaders attending the Group of Eight summit opening Wednesday in Italy will each be presented with…gold coins representing an imaginary future world curre…

Pope Benedict XVI called Tuesday for a new world financial order guided by ethics, dignity and the search for the common good in the third encyclical of his pontificate.

In “Charity in Truth,”…

Important Dates in the Monetary History of the United States,Part III, 1787 – The Constitution of the United States

By David Liechty

The Constitutional Convention of 1787 was envisioned as a nec…

Photo by Kurt Nimmo

Viennese journalist Jane Burgermeister filed documents with the Vienna prosecutor’s office on April 8th, 2009 accusing vaccine producer Baxter AG, its US parent, Baxter Interna…

Important Dates in the Monetary History of the United States, Part II: 1776 to 1787 – Independence and Articles of Confederation

By David Liechty

Upon signing of the Declaration of Independence,…

From Rob Kirby – Rob Kirby Analytics

By David Glovin and Christine Harper

Goldman Sachs Group Inc. may lose its investment in a proprietary trading code and millions of dollars from increased competition if software allegedly stolen by …

By Stephen Leahy

Today it emerged that world leaders are to discuss what is being described as “land grabbing” or “neo-colonialism” at the G8 meeting next week. A spokesman for Japan’s ministry of f…

Sir James Goldsmith from an interview in November 1994, on the General Agreement on Trade and Tariff (GATT) which created the World Trade Organization:

The idea is to create what is known today a…

The 2009 G8 will take place in L’Aquila, Italy from July 8-10 on 2009.

The Summit will follow minister meetings which are ongoing:

May 24/25 – Rome – G8 Energy Ministers’ Meeting

May 29/30-…

Photo: AFP/Getty

MOSCOW, June 26 (RIA Novosti) – A Russian-U.S. military cooperation agreement will be signed during President Barack Obama’s visit to Moscow in early July, the chief of the Russian …

Credit: Claude Lewenz

In a move set to infuriate and send many Zero Hedge readers over the top, the NYSE has taken action to make sure that nobody will henceforth be able to keep track of the complete dominance that Gold…

If you think the housing and credit bubble diminished your financial security and your community, or the bailouts, or the rising gas prices did as well, hold on to your hat. The worst may be yet to co…

Cynthia McKinney Reportedly Taken Captive By Israeli Navy
Greenpartywatch.org (30 Jun 09)

“The latest from www.freegaza.org reports that the humanitarian vessel Spirit of Humanity has been attacked…

Would anyone care to comment on what a biometric-based employer verification system is?

Continue Reading Senator Charles Schumer Anounces Principles for Comprehensive Immigration Reform Bill in Works…

Photo: Svea Herbst- Bayliss

Can someone help me understand this? If the reports are accurate, Bernie Madoff’s wife Ruth is having all of her assets seized save $2.5MM. Problem is that she inherited …

By Jon Birger

Known for his early warnings on Bear Stearns and Lehman Brothers, analyst Martin Weiss of Weiss Research is now sounding the alarm about state of California municipal bonds.

In a new r…

Feb 12, 2002 – Gold Anti-Trust Action Committee

View Video

by John Galt

Being industrious and an insomniac has its advantages. But as a friend said to me a long time ago, you always get plenty of sleep when you’re dead so I decided to take a graphic look …

Continue Reading
Obama’s Projected Unemployment Rate With And Without Recovery Plan

I just read a post indicating that the purchase of guns by Americans in 2008 was running at an average of 3 million a quarter and that we purchased approximately 1.5 billion rounds of ammunition in De…

Associated Press – Steve Fielding

Steve Fielding recently asked the Obama administration to reassure him on the science of man-made global warming. When the administration proved unhelpful, Mr. Fiel…

Announcement from Edwin Vieira, Jr.:

Responding to numerous requests, I have tentatively arranged for a reprint of my book Pieces of Eight: The Monetary Powers and Disabilities of the United States C…