Archive for October 11th, 2010

International finance group seeks remedy to looming exchange wars JEROME CORSI WorldNetDaily.com October 10, 2010 The Institute of International Finance, a group that represents 420 of the world’s largest banks and finance houses, has issued yet another call for a one-world global currency, Jerome Corsi’s Red Alert reports. “A core group of the world’s... »

Joe Weisenthal BusinessInsider.com Oct. 11, 2010 In his latest weekly note, John Hussman continues to rail on why he thinks this market is overvalued based on traditional metrics. His latest angle? Dividend yields. If you look through market history prior to the valuation bubble that began in the mid-1990′s, you will observe only three... »

by MoneyMcbags ZeroHedge.com 10/11/2010 To the tick tock and the market doesn’t stop, as even though the jobs report continued to color the economy bad, the shit awful numbers signal that Benny B is going to come in and sex the market up with QE2, so rally on my friends, rally fucking on (and... »

TheEconomicCollapseBlog.com On Friday, headlines across the United States declared that “unemployment remains unchanged at 9.6%”. Many analysts rejoiced and heralded this announcement as a sign that we have hit bottom and that things will be turning around soon. But is that the truth? A closer look at the unemployment numbers reveals some disturbing facts.... »

By: Rick Ackerman GoldSeek.com Monday, 11 October 2010 Take a look at the graph below if you think the central banks have things under control. The chart shows the yen’s relentless rise since summer, punctuated by a single, nasty plunge on September 15. That was the day the Bank of Japan intervened in the... »

by Frances Martel Libertarian icon and perennial FBN’s Freedom Watch guest Rep. Ron Paul visited the program once again to talk pleasantries with host Judge Andrew Napolitano– namely, the imminent threat of revolution and Soviet-style collapse. Why is Rep. Paul so happy about these things? They will force us to adhere to the Constitution!... »

The overwhelming fact of the global currency system is that America needs a much weaker dollar to bring its economy back into kilter and avoid slow ruin, yet the rest of the world cannot easily handle the consequences of such a wrenching adjustment. There is not enough demand to go around. By Ambrose Evans-Pritchard... »

By Robert Reich RobertReich.com Not only is income and wealth in America more concentrated in fewer hands than it’s been in 80 years, but those hands are buying our democracy as never before – and they’re doing it behind closed doors. Hundreds of millions of secret dollars are pouring into congressional and state races... »

by Llewellyn H. Rockwell, Jr. LewRockwell.com USA Today loves to run lifestyle features that purport to show how we are living, what we are doing, what we like and what we don’t like – premised on a collectivist assumption that all our preferences can be tracked and characterized with these aggregate claims. Most of... »

Mercantilism and Inflation by Murray N. Rothbard LewRockwell.com The postmedieval state acquired most of its eagerly sought revenues by taxation. But the state has always been attracted by the idea of creating its own money in addition to plundering directly the wealth of its subjects. Before the invention of paper money, however, the state... »