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%?