Business

The US stock market has gone straight up at a blistering pace this year due to a combination of dubious factors, including: light volume (makes it easier to push prices higher) the Federal Reserve’s quantitative easing and close relationship with financial institutions which are buying stocks, companies using cheap money to back their own [...]

Americans are now witnessing the greatest wealth transfer in history. No class or ruler, not Roman emperors, not British and French monarchs, not even Popes have been able to fleece their people in the way the American Federal Reserve and Wall Street bankers have in recent years. This story dates back to [...]

What’s the difference between a drug dealer and a banker? A drug dealer sells a product that society frowns upon, and in extreme cases causes harm to the customer. The Wall Street banker sells damaging mortgages to people who can’t afford them. And we know that the banks knew people would [...]

In 2008, the American government decided to violate the most fundamental principles of capitalism and bailout ailing mega-banks. Debt obligations were shifted from account holders, shareholders, and bondholders to the American taxpayer. The media, of which 90% is owned by six major corporations, declared that a bailout was necessary to [...]

In a shocking move, the tiny nation of Cyprus just announced its intention to steal between 6.75-9.9% of all deposits held in the nation’s banks. The Cypriot government is calling it a one time “tax.” Nationalization of funds in private bank accounts is nothing new for debt-ridden Third World countries, [...]

In case you haven’t been watching Bloomberg, the market has now rallied from 6,443 in March 2009 to an all-time high of 14,530 today. No balloons fell from the sky however when the New York Stock Exchange recorded its record high. Barely any excitement could be seen on the faces of traders [...]

The government is yet to prosecute a single mega-bank or jail one Wall street banker for what the FBI called an “epidemic fraud” that blew up the economy and led to trillions of bailout dollars being allocated to “too big to fail” banks. And now we know why—in a shocking [...]

Contrary to all evidence, Americans still believe they are capitalists, living in a capitalist system. While it is true that America did begin as a capitalist nation with low regulation, small government, and no federal income tax, none of that is true today. America spends more on social welfare than [...]

“Too big to fail”: the verbal gun pressed to the head of American taxpayers as financial collapse loomed in 2008. While publicly claiming not to negotiate with terrorists, the US Government capitulated to banker threats of an imminent financial collapse should they not receive hundreds of billions of dollars of [...]

A date has now been set to mark the beginning of the end for the American economy. And before the tinfoil hat wearers start envisioning Mayan Doomsday scenarios, there is no relationship between the two, other than that the two dates are coincidentally close together. On January 1, 2013, the [...]