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Financial Crisis Archive
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US Return to Gold Standard Seems Likely says Financial Guru Forbes
Posted on May 11, 2011 | No CommentsBy restoring the gold standard, the United States would shift away from “less responsible policies” and toward a stronger dollar and a stronger America. -
Global Disorder | Eurozone Debt Crisis Takes a Toll on US Stocks
Posted on March 24, 2011 | No CommentsU.S. stocks took a blow early this Wednesday due to renewed concerns about the euro zone’s sovereign debt crisis. -
FCIC Report Concludes Grave Government Failings | Embarrassing Implications for Both Parties
Posted on January 27, 2011 | No CommentsThe commission that investigated the crisis casts a wide net of blame, faulting two administrations, the Federal Reserve and other regulators for permitting a calamitous concoction. -
Defense Costs for Fannie and Freddie Heavy Burden on US Taxpayer
Posted on January 25, 2011 | No CommentsSince the government took over Fannie Mae and Freddie Mac, taxpayers have spent more than $160 million defending the mortgage finance companies and their former top executives in civil lawsuits accusing them of fraud. -
China Has Arrived | Currency Chessgame Begins
Posted on January 19, 2011 | No CommentsOver the past few decades, China has benefited hugely by hitching itself to a process of globalization where the rules were written in Washington and the American consumer was the buyer of last resort. -
Pinched at the Pump | Obama’s Campaign Promises Fall Short Again as Gas Prices Expected to Rise
Posted on December 30, 2010 | 1 CommentI had it all.. nice wife, a house in the burbs, a luxury car..then I went to the gas station for a fill-up. -
Social Unrest Ahead as Cities, Towns Crumble Under Weight of Defunding says Financial Prophet
Posted on December 23, 2010 | No Comments"As the states become more compromised from a fiscal standpoint, that funding is going to end." -
Pinched at the Pump | Speculators Predict Oil Prices at $200 a Barrel by 2012
Posted on December 17, 2010 | No CommentsOnce oil closes above the $99.37 level — probably by the middle of next year, watch out: It will be your signal that oil will make new record highs within two years. -
Obama takes a nod while Clinton Sells another $900 billion deficit
Posted on December 14, 2010 | No Comments“I’ve been keeping the First Lady waiting for about half an hour, so I’m going to take off” — and left. Clinton, unfazed, kept right on pontificating. -
IMF Set for Hostile Take Over of Ireland with Massive Bail Out
Posted on November 24, 2010 | No CommentsThe Irish government has unveiled a range of tough austerity measures designed to help solve the country's debt crisis.