In the financial world, the month of October is synonymous with stock market crashes. So will a massive stock market crash happen this year? You never know. The truth is that our financial system is even more vulnerable than it was back in 2008, and financial experts such as Doug Short, Peter Schiff, Robert Wiedemer and Harry Dent are all warning that the next crash is rapidly approaching. We are living in the greatest debt bubble in the history of the world and Wall Street has been transform... (more)
There never really could be much doubt that the current experiment in competitive global currency debasement would end in anything less than a total war. There was always a chance that one or more of the principal players would snap out of it, change course and save their citizenry from a never ending cycle of devaluation. But developments since September 13, when the U.S. Federal Reserve finally laid all its cards on the table and went "all in" on permanent quantitative easing, indicate ... (more)
Part two of Jan Helfeld's Interview with Philip DeFranco, host of the Philip DeFranco Show. Jan explains to him how (redistributive) taxes are theft, and he says he's against "legalized theft" in the form of farm subsidies, etc. Philip responds, "that's interesting ... that's very intere... (more)
The great news for humanity: Economic freedom around the world is on the rise. This means liberation for millions and billions of people. What a change from 20 years ago, when so many lived under despotism and socialist slavery. These people are freer, and getting freer. More people avail themselves to the global division of labor than ever before. Poverty, hunger, and violence are falling. Technology is linking people as never before. The future is bright.
Archived from the live Mises.tv broadcast, this lecture by Peter Schiff was presented at the Mises Circle in Manhattan: "Central Banking, Deposit Insurance, and Economic Decline." Includes an introduction by Llewellyn H. Rockwell, Jr. Music by Kevin MacLeod.
"This is the final abomination" is how David Stockman begins his epic rant on the Federal Reserve and crony capitalism in this clip. The "undiluted lunacy" of their actions prompted him to address the Fed's decision to "print ourselves to death" by saying "this has gone too far, it's street-fighting time" as he decides, instead of the erudite philosophical view of how capitalism is being destroyed by statist philosophies of one type or another, to launch into a full-strength tir... (more)
In the midst of the Great Depression, Treasury Secretary Andrew Mellon famously advised President Hoover to "liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate" instead of propping each industry up with tax dollars. This liquidation doctrine would "purge the rottenness out of the system" and make certain that "people will work harder" and "live a more moral life." Contrary to popular belief, Hoover did not take Mellon's advice and went forth with his own version of the... (more)
9/18/2012 - Great interview with Dr. Marc Faber , of Marc Faber LTD and Editor/Publisher of the Gloom, Boom and Doom Report. Australia Financial Radio.
Jeff Berwick of Dollarvigilante.com says, “We’re on 0% interest rates . . . and quantitative easing (money printing) until the system dies.” Berwick is predicting “chaos” when it all comes down. He doesn’t know how exactly it will all shake out because, “We’ve never had a global system like this die before.” One way to protect your assets is to buy precious metals,... (more)
A business developer in the Philadelphia neighborhood of Point Breeze is facing legal action after voluntarily cleaning up more than 40 tons of trash from a vacant lot neighboring his local business.
As the old adage goes, no good deed goes unpunished. Ori Feibush says he visited the local offices of the Philadelphia Redevelopment Authority four times, sent in seven written requests and made 24 phone calls to the agency asking them to take care of a major eyesore: an empty lot nex... (more)
