CFPB is going to be the biggest cluster*@k ever.  They are chomping at the bit to rip companies to shreds. The new head of the Consumer Financial Protection Bureau wasted little time getting to work, using the agency’s new powers to start supervising payday lenders and other firms outside the conventional banking system. The bureau’s main goal will be ensuring that consumer loans, mortgages... 

Rep. Ron Paul on Monday introduced legislation that would lower the federal government’s debt by canceling the roughly $1.6 trillion in debt held by the Federal Reserve. Paul has argued for the last few weeks that the idea represents a quick way to make the growing fiscal crisis more manageable. Under his bill, H.R. 2768, the $1.6 trillion that the Treasury owes to the Federal Reserve would... 

Cutting the U.S. deficit by some $4 trillion over 10 years would be a good start, but more savings would be needed over time to bring the country’s finances under control, ratings agency Standard & Poor’s said on Thursday. John Chambers, the chairman of S&P’s sovereign ratings committee, said deficit cuts of that magnitude “would signal the seriousness of policymakers to address... 

It’s a topsy-turvy world. “Anarchists” protest cuts in government spending, while “socialists” live in the lap of luxury, including $3,000-a-night Manhattan hotel suites, working, in at least one celebrated case, to impose corporatist-flavored “neoliberalism” on the troubled countries of the world. The sex scandal involving the just-departed International Monetary Fund director... 

YouTube – Dick Morris Reports: The IMF Takes Over Our Economy.  Read More →

After WWI, America emerged as the dominant global military and economic power.  The allied victory in WWII cemented her place as a global superpower, and when the Cold War ended, the lone global superpower. America has weathered many storms and to date has always landed on her feet.  There were never any illusions that there were people and nations that have sought to take the USA down.  With the... 

In case you missed it, earlier this week China announced that its foreign currency reserves are excessive and that they need to return to “reasonable” levels. In politician speak, this is a clear, “we are sick of the US Dollar and will be taking steps to lower our holdings.” Remember, the US Dollar is China’s largest single holding. And China has already begun dumping Treasuries (US Debt). This... 

“Reorganizing the world order will need to extend beyond the financial system“. Internationalist billionaire George Soros is holding his international conference April 8 to April 11 at Bretton Woods, N.H., the noted birthplace of the World Bank and the International Monetary Fund, where he plans to “rearrange the entire financial order,” as he noted in a November 2009 article in The Japan... 

By now everybody knows that only a last ditch intervention by the G7 prevented the financial system from imploding three weeks ago, when the Yen carry trades blew up in the face of all those who had been short yen, long high yielding currencies. The result would have been a pervasive trading desk annihilation, possibly on par with that experienced after the Lehman collapse had the world’s central... 

America’s gaping budget deficit could lead to a crisis that would “dwarf” the meltdown of 2008 — and to get the country out of its fiscal mess, the government must slash spending substantially, according to 10 former members of the President’s Council of Economic Advisers. The economic experts — former chairmen and chairwomen of the council serving both Republican and Democratic administrations...