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IMF Calls for SDR-Denominated Bonds

International Monetary Fund director Dominique Strauss-Kahn (left) calls for new world currency ... Dominique Strauss-Kahn, managing director of the International Monetary Fund, has called for a new world currency that would challenge the dominance of the dollar and protect against future financial ...

Read more: IMF Calls for SDR-Denominated Bonds

Reads: 1311

$20-Trillion War Costs Bankrupting US

$20-Trillion War Costs Bankrupting US

Secret China war plan: trillions in U.S. debt ... Yes, Americans love war. Yes, wars cost money. And pile on debt, new taxes ... Back in the ‘40s, WWII consumed 57% of our GDP. Today, war eats up about half America's budget. We're sinking under Iraq war debt. Nobel economist Joseph Stiglitz ...

Read more: $20-Trillion War Costs Bankrupting US

Reads: 3618

US Unemployment Approaches Reality?

Unemployment falls to 9 percent, lowest since 2009 ... The unemployment rate is suddenly sinking at the fastest pace in a half-century, falling to 9 percent from 9.8 percent in just two months — the most encouraging sign for the job market since the recession ended. More than half a million ...

Read more: US Unemployment Approaches Reality?

Reads: 997

The Egyptian Tinderbox: How Banks and Investors Are Starving the Third World

Underlying the sudden, volatile uprising in Egypt and Tunisia is a growing global crisis sparked by soaring food prices. But what caused the recent jump in food prices remains a matter of debate.

“What for a poor man is a crust, for a rich man is a securitized asset class.”
–Futures trader Ann ...

Read more: The Egyptian Tinderbox: How Banks and Investors Are Starving the Third World

Reads: 1232

Central Banks Now Creating Hyperinflation?

Central Banks Now Creating Hyperinflation?

CB president Jean-Claude Trichet's rate retreat on commodity spike ... The European Central Bank (ECB) has taken a strategic gamble that the current surge in food and commodity prices is not a repeat of the inflation virus of the 1970s and will subside without the need for a monetary squeeze. ...

Read more: Central Banks Now Creating Hyperinflation?

Reads: 1504

Richard Daughty on the Fiscal and Monetary Insanity of the Whole Freakin' World

Richard Daughty on the Fiscal and Monetary Insanity of the Whole Freakin' World

The Daily Bell is pleased to present an exclusive interview with Richard Daughty.

Introduction: Richard Daughty, the Mogambo Metals and Money Guru, describes himself as "the angriest guy in economics." No doubt this is because a genuine belief in Austrian hard-money economics leads him to ...

Read more: Richard Daughty on the Fiscal and Monetary Insanity of the Whole Freakin' World

Reads: 870

Talk About the National Debt Like a Pro!

Talk About the National Debt Like a Pro!

Now that budget and deficits are the No. 1 topic in Washington, D.C., politicians should make a point of downloading a recent Congressional Budget Office (CBO) study, “Federal Debt and Interest Costs,” so they can learn what the heck they are talking about. The study is an excellent primer for ...

Read more: Talk About the National Debt Like a Pro!

Reads: 935

Fall of Saudi Arabia to End Dollar Reserve System?

Fall of Saudi Arabia to End Dollar Reserve System?

Is this the fall of the puppet states, like a chain of dominos?

There is a social media revolution in Saudi Arabia ... Ten million Saudis are online, 3 million belong to Facebook, and Twitter feeds are up more than 400 percent. Recently, many tweets and posts have been focused on the uprising in ...

Read more: Fall of Saudi Arabia to End Dollar Reserve System?

Reads: 2303

'Super Stagflation' End Game?

Britain in battle over stagflation ... New figures set to confirm that growth has slowed, while unemployment and oil prices rise – a severe problem that blighted the 1970s. Fears are growing that the UK is running the risk of a period of painful "stagflation", as official figures should this week ...

Read more: 'Super Stagflation' End Game?

Reads: 1014

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