Capitalism Fixes Problems & Preserves Democracy: Capitalism is what we should be relying on to fix our problems. Capitalism has it’s own ecosystem, just like biology’s ecosystem. An economic ecosystem that weeds out the weak, has parasites that eat the failures and new bacteria that evolves and grows replacements for that which failed. A system that keeps everything in balance. The... 

A gas station in Mexico. With the price of oil soaring to more than $100 a barrel, many Americans are making a shocking decision on how to fill up their vehicles. Americans who live near Mexico are sometimes driving across the border for gas where prices are on average $1.20 per gallon cheaper. There are conservative and liberal solutions to our dangerous dependence on foreign oil. The constant fighting... 

The growing production of bioethanol increases the shortage of food. Corn, sugar, other types of farm crops are required for the production of the biofuel. In addition, the growth of sowing for the green fuel reduces the square of lands designated for food cultures, which leads to smaller harvest and higher prices on food. FAO’s food prices index gained 2.2 percent in February, which marked... 

Protesters in several cities across the United States have gathered on tax day to demand an end to US-led wars abroad which have put a heavy burden on taxpayers. Protesters were especially angry after hearing that some of America’s biggest corporations like General Electric are paying no taxes this year, a Press TV correspondent in Washington reported on Friday. They were also angry with President... 

Inflation is still calculated using a “market basket” to determine prices. But since 1980, other factors have been added to reflect a changing economy. Still, it might be useful to measure today’s rate of inflation using 1979 methods. CNBC’s Fast Money gives us the bad news: “Inflation, using the reporting methodologies in place before 1980, hit an annual rate of 9.6... 

While most pundits – and some senior politicians – stare in wonder at the size of the mining industry’s windfall profits, they are missing a great tragedy happening under their noses. The mining boom has pushed the Australian dollar to historic highs and this, in turn, has pushed manufacturing to the brink. The damage being done by the high dollar to the rest of the economy is actually... 

This week, Max Keiser and co-host, Stacy Herbert, report on the black hole of bankers’ debts in Ireland, virtual pigs in Australia and free workers in America. In the second half of the show, Max talks to Alex Jones about food stamps and financial terror.  Read More »

Nearly 60% of people were against the plan. If the referendum would have passed, Iceland’s total population of 318.452 had to pay $5.8 billion in bailout, which means every Icelander would have been forced to pay $18.213, including new born babies, elders and crippled. It’s amazing only 58% voted against the bailout and not 98%. Icelanders have rejected the latest plan to repay the UK and... 

The following is one statement that you should get used to seeing: “The price of gold set another record today.” Today, spot gold reached a new all-time record of $1461.91 an ounce before settling back a little bit. Silver is also skyrocketing. At one point today silver hit $39.75 an ounce. It seems inevitable that at some point we are going to be talking about $50 silver. The price... 

Frustrated by “the suffering of real families,” President Obama’s former top economic adviser recently called for action: “If I have a complaint about policy these days, it’s that we’re not doing enough,” Christina Romer said in a speech last month at Vanderbilt University. “I think there are tools we have tools we have that we can use, and I think it’s... 

The Federal Reserve lent a Libyan state-backed bank billions of dollars during the financial crisis, documents made public on Thursday have revealed. The Arab Bank Corporation, which is today 59.3 percent owned by the Libyan government, borrowed in slices as big as $1.175 billion from the US central bank. At the time the bank was not majority owned by the Tripoli government; other shareholders included... 

U.S. consumers face “serious” inflation in the months ahead for clothing, food and other products, the head of Wal-Mart’s U.S. operations warned Wednesday. The world’s largest retailer is working with suppliers to minimize the effect of cost increases and believes its low-cost business model will position it better than its competitors. Still, inflation is “going to be... 

Launch: A Tomahawk cruise missile is fired at Libyan defences from the the deck of the destroyer USS Barry on the first day of Operation Odyssey Dawn. A senior Federal Reserve official warned today that America is going broke as fears grow the Libyan bombardment could cost more than $1 billion. With the U.S. now fighting three wars, the massive new military drain on the budget could not have come at... 

Germany will shut down all seven of its nuclear power plants that began operating before 1980 at least till June, the government said on Tuesday, leaving open whether they will ever start up again after Japan’s crisis. Chancellor Angela Merkel announced the closures, which will leave only 10 nuclear stations still generating, under a nuclear policy moratorium imposed as Japan faced a potential... 

Natural disasters, market fluctuations, prices soaring for gas and grain: these are world events that don’t just make it onto your T.V. screen. They’re affecting what’s on your dinner table. Several factors are at work that have meat prices on the rise. Watch the video to see how one local market is dealing with the soaring prices. Source  Read More »