As the stock market surged close to all-time highs and the Federal Reserve hinted it wouldn’t raise interest rates, former Rep. Ron Paul (R-Texas) reiterated his fears that the US economy is not sustainable, predicting a huge crash in the near future. “I look at the markets as being unstable, which means some days they go up a lot and some days they go down rapidly, but they don’t advance... 

Economist Martin Armstrong claims there is a “secret meeting to end cash” set to take place in London before the end of the month involving representatives from the ECB and the Federal Reserve. Armstrong, who is known for successfully predicting the 1987 Black Monday crash as well as the 1998 Russian financial collapse, expressed his shock that no news outlet has reported on this upcoming conference. “I... 

The very same people that caused the last economic crisis have created a 278 TRILLION dollar derivatives time bomb that could go off at any moment. When this absolutely colossal bubble does implode, we are going to be faced with the worst economic crash in the history of the United States. During the last financial crisis, our politicians promised us that they would make sure that “too big to fail”... 

Howard Marks believes the plunge in oil prices may usher in a new era for investing in distressed debt. For more than three years, the billionaire investor and Oaktree Capital Group LLC (OAK) co-founder urged his deal makers to be cautious, warning of loose credit standards and high prices for distressed assets. That may change as the price of oil plummets, Marks said in a letter to clients yesterday. “With... 

US Senate Banking Committee members are calling for hearings and full investigation into alleged ties between Federal Reserve supervisors and officials at Goldman Sachs, a bank the Fed was supposed to be policing. Congress must hold “oversight hearings on the disturbing issues” raised by the secretly recorded conversations between the Fed and Goldman officials, Senator Elizabeth Warren (Mass,... 

The idea that the Obama administration has the budget deficit under control is a complete and total lie. The idea that the Obama administration has the budget deficit under control is a complete and total lie. According to the U.S. Treasury, the federal government has officially run a deficit of 589 billion dollars for the first 11 months of fiscal year 2014. But this number is just for public consumption... 

Have you noticed that prices are going up rapidly? If so, you are certainly not alone. But Federal Reserve chair Janet Yellen, the Obama administration and the mainstream media would have us believe that inflation is completely under control and exactly where it should be. Perhaps if the highly manipulated numbers that they quote us were real, everything would be fine. But of course the way that the... 

America, its government, businesses, and people are nearly $60 trillion in debt, according to the latest economic data from the St. Louis Federal Reserve. And private debt, not government borrowing, is the biggest reason for the huge deficit. Total US debt at the end of the first quarter of 2014, on March 31 totaled almost $59.4 trillion – up nearly $500 billion from the end of the fourth quarter... 

The deregulation of the financial system during the Clinton and George W. Bush regimes had the predictable result: financial concentration and reckless behavior. A handful of banks grew so large that financial authorities declared them “too big to fail.” Removed from market discipline, the banks became wards of the government requiring massive creation of new money by the Federal Reserve in order... 

The Paul Ciancia story is custom-made for the likes of the SPLC, Raw Story, and the rest of government-loving cheerleaders who are constantly on the lookout for “right-wing” predators to pin their hysterical false left-right paradigm theories on. On Saturday, the Southern Poverty Law Center put it all into focus for us. The LAX shooter “was carrying a one-page ‘manifesto’ that included... 

Adamant Federal Reserve opponent Sen. Rand Paul (R-Kentucky) says he will put a hold on Janet Yellen’s nomination to head the central bank, insisting that a bill of his that would audit the Fed be considered by Congress first. United States President Barack Obama said earlier this month that he had chosen Yellen, the 67-year-old vice chair of the Board of Governors of the Federal Reserve System,... 

In the very days when a deep split in the US Congress threatened a US government debt default, the gold price should normally jump through the roof, yet the opposite was the case. It is worth a closer look why. Since August 1971, when US President Richard Nixon unilaterally tore up the Bretton Woods Treaty of 1944 and told the world that the Federal Reserve ‘gold window’ was permanently closed,... 

The main question ahead of the key Fed meeting on Tuesday is whether the world’s largest economy can survive on less government monetary stimulus. Data shows the economy is still luke-warm but politics will encourage the Fed to slow quantitative easing. Chair Ben Bernanke gave strong hints in August that the Fed would decide to begin tapering its stimulus in September. If he reneges it could destabilize... 

Everyone got used to the largest officially announced U.S. national debt of 16 trillion dollars. Moreover, despite the dire predictions, the global economy seems to be more or less stable, and recently liberal media have been happily reporting GDP growth in the United States and the European Union. However, it is not all that great. Let’s start with statistics. A number of researchers have conducted... 

Chinese held US federal debt has reached a record $1.3 trillion. In May 2013 China bought $25.2 billion in US Treasury notes and bonds, according to Xinhua News Agency. “US bonds remain one of the most attractive financial instruments in terms of safety. Recovery of the US economy strengthens the dollar, which is also a positive factor,” Chinese experts are quoted by the Chinese News Agency. China’s...