By David Voreacos, Carlyn Kolker and Klaus Wille A Swiss court ruling that impedes the Internal Revenue Service’s ability to collect data on 4,450 UBS AG accounts may prompt the U.S. to revive a lawsuit

By Michael Shuman Since the global financial system unraveled in 2008, U.S. policymakers have struggled heroically to improve the performance and oversight of global banks and investment firms. But these actions have been largely unresponsive

U.S. securities regulators originally treated the New York Federal Reserve’s bid to keep secret many of the details of the American International Group bailout like a request to protect matters of national security, according to

By Tyler Durden Politico has obtained the phone log of conversations performed by then FRBNY President Tim Geithner during the period of the financial crisis, or specifically September 14, 2008 through the end of the

By Inigo Gilmore As a member of the media covering the tragedy in Haiti, it’s with a sense of alarm and astonishment that I’ve witnessed how some senior aid officials have argued for withholding aid

By Peggy Noonan What does the Massachusetts election mean? It means America is in play again. The 2008 election settled nothing, not even for a while. Our national politics are reflecting what appears to be

View Larger Chart By Jesse Here is an interesting chart that shows the ascendancy of the financial sector in the US. Continue reading Financial Services: From Servant to Lord of the Economy

By Tyler Durden Rep. Darrell Issa comes out guns blazing once again, alleging that the Fed provided a selective response to the subpoena to provide all documents relating to the AIG bailout, and asks Edolphus

By Ishkabibble Become majority lender in an economy of people with assets you want. Encourage indebtedness by loaning generously while securing on assets of interest. Loosen lending standards until the assets you seek to capture

We have received several comments from listeners and readers questioning whether or not mortgage companies or banks are required to provide homeowners specific proof of customers’ individual notes. In response, please see these previous blog

Continue reading Ron Paul:”We Need To Take Out The CIA”

The 94 United States district courts are the general trial courts of the United States federal court system. Both civil and criminal cases are filed in the district court, which is a court of law,

One of the greatest pleasures in life is to have visitors. That is why we are so glad to see you. We hope your stay with us is relaxing, refreshing and most of all fun.

By Vincent Fernando and Kamelia Angelova Continue reading Workers Are Unemployed So Long, They’re Forgetting Their Skills

By Michel Chossudovsky A Haiti disaster relief scenario had been envisaged at the headquarters of US Southern Command (SOUTHCOM) in Miami one day prior to the earthquake. The holding of pre-disaster simulations pertained to the

By Philip Stephens When Lloyd Blankfein met politicians in London a little while ago he brushed aside warnings that investment banks faced higher taxes if they ignored the rising public outcry about multibillion-dollar bonus pools.

Republican Scott Brown has won the Massachusetts Senate seat held for nearly a half-century by Democrat Edward Kennedy. Brown’s victory in the special election gives Senate Republicans the 41st vote they need to block legislation

By Nicholas Gonzalez, M.D. In recent weeks, as the tenor in the health care debate has become more contentious, and the passage of some far-reaching legislation now more assured, I felt, as a physician, and

by Tom Burghardt In the wake of the Flight 253 provocation, over-hyped terrorism panics, and last year’s Big Pharma and media-engineered hysteria over the H1N1 flu pandemic, President Barack Obama signed Executive Order 13528 on

Unfiltered access is similar to giving your car keys to a friend who doesn’t have a license and letting him drive unaccompanied,” said SEC Chairman Mary L. Schapiro. “Today’s proposal would require that if a

By New York Times If you’re a retiree who relies on interest income, you know that the tap is running dry. In fact, many investors in certificates of deposits, savings accounts and money market accounts

By Adrian Douglas Here are some Trivial Pursuit questions for you: 1) What is the biggest market in the world for a physical commodity? 2) Is the gold market one of the smallest markets in

For years I have been looking for the story of Jung’s patient who had poisoned her best friend. Thanks to the wonderful Paul Levy at www.awakeninthedream.com and his rich expertise in all things Jung, I

I asked Franklin Sanders recently for his recommendation on a primer on money and banking. He recommended Modern Money Mechanics which was written a while back by the Chicago Federal Reserve Bank. Here it is:

By Michael Boldin, “Already, over a dozen states are considering laws or state constitutional amendments that would effectively ban, or nullify, any proposed national health care plan in their state, and we expect that number

The list of those called to testify for a House inquiry into the American International Group and its payouts to its counterparties just gained a few more high-wattage witnesses. Henry M. Paulson Jr., the former

By Craig Karmin A former top Calpers official has been paid more than $900,000 by a European money manager after he helped the start-up firm secure money from the giant public pension fund, according to

If the US has a Grand Master of family farming and marketing strategy, it’s likely Joel Salatin, here laying out a banquet of food for thought to a packed house in Santa Barbara… Related post:

By Andrew Ross Sorkin For years, Wall Street whispered that Goldman Sachs profited handsomely by trading ahead of — or even against — its own clients. On Tuesday, a Goldman executive made an unusual admission

U.S. foreclosure actions shattered all records in 2009 and will do so again this year, with unemployment and wage cuts overcoming programs to remedy failing home loans, RealtyTrac said on Thursday. A record 2.8 million

Yesterday morning,  executives from the banks which control the NY Fed and, in that capacity, serve as the depositories and agent for the US government, testified before the Financial Crisis Inquiry Commission. This is the

Genetically modified maize can damage the liver and other internal organs in mammals, according to a new study published in the International Journal of Biological Science. In the study, rats were fed three GM maize

Researchers in Australia found that prolonged television viewing was linked to an increased risk of death, even in people who exercised regularly, and recommended more be done to encourage people to spend fewer hours sitting

William Black, an associate professor of economics and law at the University of Missouri-Kansas City, talks with Bloomberg’s Betty Liu about Secretary of Treasury Geithner. View video:Black Says Geithner `Cover Up’ Also a Bernanke Scandal:

President Barack Obama said, “My thoughts and prayers go out to those who have been affected by this earthquake. We are closely monitoring the situation and we stand ready to assist the people of Haiti.”

Argentina’s central bank reserves dispute suffered an expected escalation when on Tuesday Judge Thomas Griesa from New York State placed an embargo on Argentine central bank accounts held in the United States, following a lawsuit

By Lester Brown America’s century-old love affair with the automobile may be coming to an end. The U.S. fleet has apparently peaked and started to decline. In 2009, the 14 million cars scrapped exceeded the

By Tom Philpott The Gates Foundation has emerged as a kind of de facto USDA for Africa: a deep-pocketed funder with a focus on agriculture, in a continent that has seen ag-research funding plunge over

Executive Order will Strengthen Further Partnership Between the Federal and State and Local Governments to Better Protect Our Nation The President today signed an Executive Order establishing a Council of Governors to strengthen further the

By Joe Weisenthal Continue reading Chart of The Day:Cash-Strapped States Hope Salvation Is Right Around The Corner

by Jesse As a rule of thumb, the worst possible time to convert lump sum savings into a fixed income annuity would be when interest rates are historically low. Although products may vary, this is

by Karl Denninger Now this is a guaranteed rape job. In a short conversation this noontime that CNBC apparently has omitted from their archives (Why’s that folks?) Rick Santelli was talking about a potential to

By Joe Weisenthal and Kamelia Angelova Continue reading Chart Of The Day: A Jobless Recovery? Not For The Financial World

By Jeff Plungis U.S. investors oppose federal initiatives that would force them to give up control over their 401(k) accounts, the Investment Company Institute said. Seven in 10 U.S. households object to the idea of

Christopher Paton, who runs JPMorgan Chase & Co.’s public-sector benefit payments business, talks with Bloomberg’s Margaret Brennan about trends in food-stamp use in the U.S. Click to View Video Continue at JPMorgan’s Paton Sees `Huge’

By Tyler Durden The latest observation on our depressing economic reality, behind the glitzy headlines and the 3D TV screens, comes from Bloomberg’s Jonathan Weil who rightfully asks “if AIG executives repeatedly claimed the stock

Smartdust is a hypothetical wireless network of tiny microelectromechanical sensors (MEMS), robots, or devices, that can detect (for example) light, temperature, or vibration. A typical application scenario is scattering a hundred of these sensors around

Continue reading Sugar: The Bitter Truth YouTube (30 July 09)

Reginald H. Howe, partner in Golden Sextant Advisors and litigator in the first gold price-fixing case, Howe vs. Bank for International Settlements, has just analyzed the latest precious metals derivatives report from the BIS and

Continue reading How Will The Economy Recover With Lending Shrinking Like This?

By Catherine Austin Fitts I would like to propose a contrary theory to the dire views of those looking behind the veil of recent economic statistics. First, if you look at the amount of money

Continue reading Video Dispatch: The Year Ahead in East Asia

Continue reading Video Dispatch: The Year Ahead for Russia

By John Crudele The charade continues this Friday. That’s when the Labor Department will announce how many jobs it claims were lost in the US economy during December. The number is essentially worthless to anyone

By Omar R. Valdimarsson and Tasneem Brogger Iceland will hold a referendum on a depositor accord with the U.K. and Netherlands after President Olafur R. Grimsson blocked the bill in a move that threatens to

By Robert K. Landis On October 16, 1929, Irving Fisher, Professor of Economics at Yale University, made a famous prediction: “Stock prices have reached what looks like a permanently high plateau.” [1] The prediction, coming

By F. William Engdahl On December 25 US authorities arrested a Nigerian named Abdulmutallab aboard a Northwest Airlines flight from Amsterdam to Detroit on charges of having tried to blow up the plane with smuggled

“At the height of the Great Depression, a group of unemployed Oakland workers decided to take matters into their own hands. The system wasn’t working, so they set up their own system. Money was nearly

With his new commentary today, GoldMoney founder, Free Gold Money Report editor, and GATA consultant James Turk celebrates the spectacular performance of gold and silver in 2009. Turk reports that gold rose in all major

By Bob Carlson Precious-metals sellers could face a bigger tax bite than they expect. Investors have been pouring money into exchange-traded funds that buy gold and silver, and that has helped push the price of

By Tyler Durden When Henry Paulson publishes his long-awaited memoirs, the one section that will be of most interest to readers, will be the former Goldmanite and Secretary of the Treasury’s recollection of what, in

The global high-low on unemployment is South Africa with a 24.5% unemployment rate and Thailand at 1.2%. On GDP, China is up 8.2% and Latvia is down with -16.9%. For the full chart from the

“The greatest strength of America is that people want to live there.” Continue reading A Ponzi Scheme That Works

View Larger Chart Continue reading US Avoids Technical Default By Three Days

By Hugh Son The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurer’s payments to banks during the

Continue reading How The Government Payroll Replaced Goods Producing Jobs

The Weston A. Price Foundation has produced an action alert regarding the Senate Food Safety Bill. From their newsletter (available only to subscribers): Start the New Year off right, by talking with your Senators about

Continue reading Shunning the Banksters – Catherine Austin Fitts on Economics 101 Related articles: The Corbett Report

Continue reading Is The Government Misrepresenting Unemployment By 32%?

By Jason Leopold A federal judge in Washington, DC on Thursday dismissed criminal charges against five Blackwater guards involved in the massacre of 14 Iraqi civilians in Baghdad in September 2007, an incident that led

What if Jesus where a stock picker? It’s a question more investors seem to be asking these days. At a time when investors’ confidence in the markets has been shaken—even after the big rally of

By Jonathan Stempel NEW YORK (Reuters) – Morgan Stanley (MS.N) has been sued by a Virgin Islands pension fund that accused the Wall Street bank of defrauding investors by marketing $1.2 billion (753 million pounds)

By Ambrose Evans-Pritchard “We’re seeing the rise of the East, but I don’t think we’re seeing the fall of the West. China and the Middle East are for the most part massively short of food

As we move into the new year and 2010 forecast after forecast hits the Street, invariably the “mountain of money on the sidelines” argument is being put forth by more than a good number of

Continue reading Government Bonds Were The Dumbest Bet Of The Year

By F. William Engdahl The Council of Europe member states will launch an inquiry in January 2010 on the influence of the pharmaceutical companies on the global swine flu campaign, focusing especially on extent of

GATA Press Release via Business Wire GATA Sues Federal Reserve to Disclose Gold Market Intervention Records Wednesday, December 30, 2009 The Gold Anti-Trust Action Committee Inc. today brought suit against the U.S. Federal Reserve Board,

The Gold Anti-Trust Action Committee Inc. today brought suit against the U.S. Federal Reserve Board, seeking a court order for disclosure of the central bank’s records of its surreptitious market intervention to suppress the monetary

By Catherine Austin Fitts In the summer of 2000, I asked a group of 100 people at a conference of spiritually committed people who would push a red button if it would immediately stop all

The Rape of Russia by Anne Williamson The following is Anne Williamson’s testimony before the Committee on Banking and Financial Services of the U.S. House of Representatives, presented Sept. 21, 1999. It shows how the

[This article was originally published in April 2003] By Catherine Austin Fitts A Tapeworm’s Triumph The other day, a natural healing practitioner explained the strategy used by a tapeworm to prosper. A tapeworm, she said,