A one-time limited GAO audit of the Federal Reserve that was mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act has uncovered some eye-popping corruption at the Fed and the mainstream media is barely even covering it. It turns out that the Federal Reserve made $16.1 trillion in secret loans to their bankster friends during the financial crisis. You can read a copy of the GAO investigation for yourself right here. These loans only went to the “too big to fail” banks and to foreign financial institutions. Not a penny of these loans went to small banks or to ordinary Americans. Not only did the banksters get trillions in nearly interest-free loans, but the Fed actually paid them over 600 million dollars to help run the emergency lending program. The GAO investigation revealed some absolutely stunning conflicts of interest, and yet the mainstream media does not even seem interested. Solid evidence of the looting of America has been put right in front of us, and yet hardly anyone wants to talk about it. (Read More...)
Financial
As The Dollar And The Euro Continue To Collapse, How High Is That Going To Push The Price Of Gold?
Right now, the global financial system is facing a crisis that is really unprecedented. The reserve currency of the world (the U.S. dollar) is collapsing and the second most powerful currency on the planet (the euro) is also collapsing. As the major paper currencies of the globe crumble, the hunger that investors around the world have for gold continues to grow. Today, the price of gold hit an all-time record of $1607.90 an ounce. But that record surely will not live for long. The truth is that gold has been steadily climbing for quite some time now. A year ago, the price of gold was hovering around $1200 an ounce and and many “mainstream economists” scoffed at the idea that the price of gold could go significantly higher. Well, nobody is laughing now. As colossal debt loads continue to crush both Europe and the United States, the euro and the dollar are going to continue to collapse. There are going to be more bailouts and central banks are going to be doing more money printing. So how high is all of this going to push the price of gold? (Read More...)
Corruption In America
In the United States today, it is not just the economy that is crumbling. The entire fabric of society is coming apart as well. Literally almost wherever you look you can find rampant corruption in America. Our federal government is corrupt, our state and local governments are corrupt, our corporations are corrupt and unfortunately average Americans seem to become more corrupt all the time. As corruption becomes widespread in America, trust is breaking down. It is very difficult to know who to trust these days. But a society cannot function without trust. So what are we going to do when all the trust is gone? (Read More...)
10 Signs That Wall Street Is About To Go Into Panic Mode
Can you smell the fear? Right now world financial markets are visibly nervous and many are worried that Wall Street is about to go into panic mode. It really is eerie how 2011 is shaping up to be so similar to 2008. Major Wall Street banks are laying off workers in droves, oil prices are at very high levels, pessimism is permeating the financial markets, debt ratings are being downgraded all over the place and consumer confidence is stunningly low. Sadly, none of the fundamental things that were wrong with the financial markets back in 2008 have been fixed. In fact, many believe that Wall Street is even more vulnerable now. A ton of bad economic numbers have come pouring in lately and that has put investors in a really sour mood. All it would probably take is for one really significant “trigger event” to take place for Wall Street to go into full-fledged panic mode. (Read More...)
America Is Rapidly Bleeding Wealth And Jobs: 28 Statistics About The Gutting Of The U.S. Economy That Will Blow Your Mind
Red alert! Over 40 billion dollars of America’s national wealth is being shipped out of the country every single month. Our economy is being gutted and we are bleeding wealth and we are bleeding jobs. This is a distress call. Is anyone listening? Thousands of our factories and millions of our jobs are being shipped overseas. Over the past decade over 6 trillion dollars have been transferred into the hands of foreigners. Our national government is so broke that they constantly have to go and beg those foreigners to lend us back some of that money in order to finance our exploding debt. The number of good jobs continues to decline and there are millions upon millions of my countrymen that are unemployed. Can anybody help us? Mayday! Mayday! Mayday! (Read More...)
If It Is Time To Sell Gold Then Why Are Central Banks Hoarding Gold Like Crazy?
Has the time to sell gold now arrived? Before you start dumping all of your gold, you might want to check out what central banks all over the globe have been doing. There is some serious hoarding of gold that is going on. For most of the past two decades, central banks have been net sellers of gold, but now many of them are gobbling up gold as fast as they can. So why would they be doing this if gold was not a good investment? Yes, we did see gold, silver and oil all take a very serious tumble today. That is what happens sometimes – global financial markets are so unstable at this point that even a piece of relatively minor news can set off a bit of a panic in one direction or another. But the long-term trend for gold has been up, up, up and it look like the central banks around the world continue to expect the price of gold to soar over the long-term. (Read More...)
Why Investors Are Buying Silver As If There Is No Tomorrow
The price of silver has been absolutely exploding lately. It has reached heights not seen since the Hunt Brothers attempted to corner the silver market over three decades ago. But this time there are no Hunt Brothers to blame for the stunning rise in the price of silver. So exactly why are investors buying silver as if there is no tomorrow right now? Well, the truth is that there are a lot of reasons. Investors have been flocking to precious metals such as gold and silver as the value of paper currencies has declined. The euro is incredibly weak right now and the U.S. dollar appears to be on the verge of a major collapse. In fact, the entire financial system is highly unstable right now. In such an environment, investors seek some place safe to park their money, and right now gold and silver are seen as safe harbors. But gold and silver have not been going up in price at the same pace. So why is silver outperforming gold so significantly? (Read More...)
Tax The Rich? 14 Facts You May Want To Consider
Class warfare in the United States is heating up again. As the overall economic pie shrinks, the poor are being taught to go after the rich and the rich are being taught that the poor are a threat. Lately, the calls to “tax the rich” have grown louder than ever. As thousands more American families fall into poverty every single day, and as U.S. government debt continues to soar, many are touting higher taxes on the wealthy as the solution to all of our problems. But is that what we really want to do? Will it actually solve our economic and financial problems as a nation? If you don’t have much money, it can sound very appealing when politicians say that they want to “tax the rich”. But unfortunately, things are just not that simple. (Read More...)