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BBC News reports that German Ins Co Munich Re held a massive orgy with 20+ high end escorts/ hookers in 2007 as a reward for execs and top salesmen. Think […]
Folks, this is why you don't compromise your freedoms for the supposed improved "safety" of flying. It doesn't stop there. It doesn't stop with trains. The TSA is now searching […]
Dominique Strauss-Kahn's lawyers are reportedly considering arguing that DSK could not have raped Nafissatou Diallo because of her unattractiveness. If thats the best his defense crew can come up with, […]
All we've heard throughout the past 5-10 years is "Peak Oil". The phrase is used so commonly that no one bothers to analyze historical oil prices in a stable currency […]
On the supposed day of the apocalypse, Iceland's Grimsvotn Volcano has erupted. (we know, we can't pronounce this one either, but its a heck of a lot better than Eyjafjallajokull)As […]
Martin Armstrong is back with his latest historical analysis- the destruction and collapse of Rome. Armstrong links the Roman legion and Praetorian guard's ever increasing salaries, bonuses, and unfunded pension […]
No sign of the King of Kings riding a white horse yet today...but Jesus was riding the Preakness winner Shackelford!
Another Friday, another 3 bank failures. We're now at 43 failed banks for 2011. The FDIC announced tonight the bailout of: Summit Bank; Burlington, WAFirst Georgia Banking Company; Franklin, GAAtlantic […]
Based on many pronouncements by economic policy makers, reams of articles by the top financial journalists and near continuous discussion on the financial news channels, it appears that the quantitative easing juggernaut that has steamed the high seas of macroeconomics for the last three years is finally pulling into port…supposedly for the last time. According to the dominant narrative, QEI and QEII helped stabilize the economy during the Great Recession and now the Federal Reserve is ready to take the training wheels off. If so, the economy may need a helmet because there is virtually no chance that it can avoid major contractions without central banking support.It is ironic, but there is no doubt that the proposed removal of artificial stimulus would be the best thing for the country in the long term. But very few observers understand how it will inflict short term pain. So confident is the Fed that earlier this week, St. Louis Fed President James Bullard indicated that any ...
National debt now stands at an eye-popping........... Don't worry though Big Ben's got it under control.
No, its not Christmas morning, but it will likely feel like it during this 4-part star-studded silver interview featuring Eric Sprott, David Morgan, Rob Kirby, Bill Murphy, and more! Basically […]
*UPDATEApparently Fitch doesn't believe Greek can meet its payments now that the gravy train is about to be taken away.FITCH DOWNGRADES GREECE TO ‘B+'; RATING WATCH NEGATIVE Wonder why the […]
News today indicates that China has now officially become the largest buyer of gold. Wait till the Chinese silver numbers are reported- it is becoming clear that Asian physical demand […]
Last Friday, we reported that per CME Group data, JP Morgue increased the silver bullion held in their new vault by 39% in 2 days- the very same 2 days […]
Could DSK have been Spitzered? Mike Whitney's latest gives some compelling reasons that the banking elite would be rather elated to see DSK outed. Perhaps most tellingly, Strauss-Kahn was making […]
An evangelical fringe group (cult?) led by Harrold Camping has been going around publicizing their beliefs that God's final judgement will begin this Saturday, May 21st. Apparently accoriding to Camping, […]
The Dollar Vigilante has released an interview today with Huge Salinas Price, where the Mexican billionaire clarifies his plan for the remonetization of silver in Mexico. Price's plan is not […]
In 1976 I was managing an American subsidiary of a successful large US Company in Mexico. It had been a financial turnaround for our team. Cash flow had accumulated in […]
If you unplug your laptop cooling fan for a second, you can almost hear the faint whir of central bank printing presses warming up around the world. Japan today announced […]