Fed Tightening “Could Have Profoundly Destructive Consequences for Economies”

With fear-driven rhetoric emanating from spooked markets and Wall Street, there are clear signs that the long-rumored rate hike could rock the boat enough to cause worry about capsizing. The Federal Reserve is the 800-pound gorilla in the room. The Behemoth. The Colossus. The Leviathon. Its actions are those of a bloated whale that has…

‘Tis an Illiquidity that Blows No Good

[Image Caption/Credit: Uh-Oh! We’re Out of Market Liquidity! (courtesy Google Images)] Financial and economic news increasingly report on the term “liquidity” and its antonyms “low liquidity” and “illiquidity”. For example, Business Insider (“This week’s gold crash reminds us of a much scarier risk in the markets”) warned that on Monday, July 20th, “. . .…

Debt Forgiveness

[Image credit: (courtesy Google Images)] If asked why I write and publish articles, most people would probably guess that I want to “teach” whatever it is that I know (or think I know). They’d be wrong. I don’t write to teach, I write to learn.  Something interesting crosses my mind.  I’m drawn (I think by…

Varoufakis reveals cloak and dagger ‘Plan B’ for Greece, awaits treason charges

[Caption/Credit above photo:Yanis Varoufakis claims he had approval to plan a parallel banking system (Photo: Kostas Tsironis/Bloomberg)] Former Greek finance minister Yanis Varoufakis claims he was authorised by Alexis Tsipras to look into a parallel payment system   A secret cell at the Greek finance ministry hacked into government computers and drew up elaborate plans…

The Next Crash Could Be The Big One: “Don’t Be A Refugee In Your Own Country”

Though our political leaders maintain that the contagion from Europe and China won’t spread to the United States, our economy is likewise an utter catastrophe. In his latest interview with the Financial Survival Network hard asset investor Daniel Ameduri suggests that given what we know about the coming destruction to financial markets set to take place over the…

Americans With Retirement Accounts Beware: If Our Government Does What China Just Did You’ll Be Wiped Out

We’ve previously warned that elements within the U.S. government have been feverishly working to take control of all retirement assets in America. The reasoning, of course, is that the government can manage your personal finances better than you can. They’ve already begun plans to have workers invest their earnings directly into government-managed funds, but at some point,…

Pension Blues

[Caption/Credit for above photo: Politician: Trust Me–I’ll Protect Your Pension (courtesy Google Images)] MarketWatch.com published “The Next Greece May be In the U.S.”.  According to that article, “When Chicago Public Schools announced on June 24 that it would borrow $1 billion to make a $600 million-plus pension payment due June 30 an eerie feeling spread across…