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Seven more banks fail

Seven more banks have been siezed by regulators on July 2. http://money.aol.com/article/regulators-seize-7-more-failed-banks/554629 This brings the total to 52 banks that… https://oldc5.godskingdom.org/daily-weblogs/2009/07-2009/seven-more-banks-fail/

California on the brink of default

On July 1, 2009 the state of California ended its fiscal year $26 billion in the hole and decided to issue IOU's to pay debts owed. Other states may follow suit, because many are… https://oldc5.godskingdom.org/daily-weblogs/2009/07-2009/california-on-the-brink-of-default/

Interesting Financial Article

The whole article below is interesting, if not unconventional. It ends by exposing one of those government manipulations, showing how they use some financial ingenuity to make the… https://oldc5.godskingdom.org/daily-weblogs/2009/05-2009/interesting-financial-article/

Fed Revises its wrong estimates--again

Have you noticed the pattern? Early estimates are always optimistic. They know that they can always come back later and revise them when reality sets in, and no one holds them… https://oldc5.godskingdom.org/daily-weblogs/2009/05-2009/fed-revises-its-wrong-estimates-again/

The Financial Crisis comes to Germany

It appears that Germany is the place to watch now in regard to the ongoing financial crisis. There are many today who have been fooled by government lies and manipulated figures… https://oldc5.godskingdom.org/daily-weblogs/2009/05-2009/the-financial-crisis-comes-to-germany/

President Johnson's 1965 Speech about the Silver Shortage

Ted Butler, who is one of the world's most knowledgeable silver experts, has written a very interesting article about President Johnson's speech in 1965. It was the occasion when… https://oldc5.godskingdom.org/daily-weblogs/2009/05-2009/president-johnsons-1965-speech-about-the-silver-shortage/

Bill Moyers Interviews William Black on Causes and Solutions to the Financial Crisis

This is one of the best interviews I have ever seen that lays out the problem and solution in simple terms. He shows clearly how the bankers committed fraud and are now covering… https://oldc5.godskingdom.org/daily-weblogs/2009/04-2009/bill-moyers-interviews-william-black-on-causes-and-solutions-to-the-financial-crisis/

Reporting Bank Profits--Lipstick on the Pigs

JP Morgan Chase, Citigroup, and Bank of America are all reporting much better than expected earnings this first quarter of 2008. The stock markets today are not impressed. It… https://oldc5.godskingdom.org/daily-weblogs/2009/04-2009/reporting-bank-profits-lipstick-on-the-pigs/

Citibank 36% Nationalized

"I am not a crook." (Nixon) "Read my lips. No new taxes." (Bush, Sr.) "I did not have sex with that woman." (Clinton) "We do not torture." (Bush, Jr.) "We have no… https://oldc5.godskingdom.org/daily-weblogs/2009/02-2009/citibank-36-nationalized/

Stress Test for the Banks

A stress test in health terms is when a person is placed on a walking machine in order to place a little stress on one's heart, and then they monitor how the heart responds.… https://oldc5.godskingdom.org/daily-weblogs/2009/02-2009/stress-test-for-the-banks/

Go Bernanke!

After a horrendous downturn on the stock market last week, followed by another 250-point drop yesterday, the market is at its lowest point in 12 years. The solution? Fed Chairman… https://oldc5.godskingdom.org/daily-weblogs/2009/02-2009/go-bernanke/

Understanding Pukebonds and Layoffs

At last I learned the identity of the model for Forrest Gump. He has betrayed himself by coming up with a simple explanation for the economic crisis--and he made the mistake of… https://oldc5.godskingdom.org/daily-weblogs/2009/02-2009/understanding-pukebonds-and-layoffs/

The First Line of Defense When the Bank Forecloses

Are you facing foreclosure? Do you know someone who is? You can forestall a home foreclosure for months by demanding one simple thing from the bank: "PRODUCE THE NOTE" I… https://oldc5.godskingdom.org/daily-weblogs/2009/02-2009/the-first-line-of-defense-when-the-bank-forecloses/

Global Meltdown May Begin in Eastern Europe

We think we have economic problems in America. Europe's problems are much worse, particularly in Eastern Europe. Their debt level is unpayable, and it is owed to Europe's banks.… https://oldc5.godskingdom.org/daily-weblogs/2009/02-2009/global-meltdown-may-begin-in-eastern-europe/

The Achilles Heel of Modern Capitalism

For too long we have minded our own business and allowed the economists to be the "experts" on the economy. But these are extraordinary times, and anyone who has anything to lose… https://oldc5.godskingdom.org/daily-weblogs/2009/02-2009/the-achilles-heel-of-modern-capitalism/

Financial Bailout--A Better Solution

According to Bloomberg, the Federal government has committed itself to $9.7 trillion worth of bailouts. Only a small portion of this has actually been paid out yet, but that is… https://oldc5.godskingdom.org/daily-weblogs/2009/02-2009/financial-bailout-a-better-solution/

When the bond market bubble bursts

Some time ago, Peter Schiff said that the current economic stimulus plan is the "worst possible solution" to the economic collapse. He says that the real problem is that the… https://oldc5.godskingdom.org/daily-weblogs/2009/02-2009/when-the-bond-market-bubble-bursts/

Peter Schiff Analysis of the Ponzi Economy

Here is a short video that provides an analysis of what Schiff calls "the Ponzi economy." He argues that the country will be worse off with the government's economic stimulus… https://oldc5.godskingdom.org/daily-weblogs/2009/02-2009/peter-schiff-analysis-of-the-ponzi-economy/

Q & A on the Economic Stimulus Plan

This is making the rounds on the internet: Some time this year, taxpayers will receive an Economic Stimulus Payment. This is a very exciting new program that I will explain… https://oldc5.godskingdom.org/daily-weblogs/2009/02-2009/q-and-a-on-the-economic-stimulus-plan/

Current Economic Stimulus Plan

The creation of money is breathtaking, to say the least. If you look at the charts, you can easily see the "hockey stick" as the money supply suddenly spiked and soared a few… https://oldc5.godskingdom.org/daily-weblogs/2009/02-2009/current-economic-stimulus-plan/

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