» Dollar Collapse

U.S. Consumer Credit Fell $9.5 Billion in August.   August marked the largest drop in consumer credit in almost a year according to a statement released by the Federal Reserve on Sunday. The $9.5 billion decrease follows an $11.9 billion increase the previous month. The Feds also announced that non...

One upon a time, the US was a place where police came when you called, a basic safety net caught those who fell on hard times, and a lifetime of work was rewarded with a decent retirement. A First World country, in other words. To be born here was to win life’s lottery. But apparently this was an ...

Gold and silver have been pretty much the best things to own during the past few years. But the mining stocks…not so much. This is no secret, though why the miners are underperforming is a subject of debate. You hear about high energy prices (though oil is way down lately) and potential nationaliz...

Standard & Poor’s downgrade of the U.S. confused the markets but not the pundits. From far-left to far-right, everyone with a stake in the existing order is shocked that a lowly rating agency would critique the emperor’s wardrobe. Liberal filmmaker Michael Moore, for instance, views the down...

London is burning. Greece is in receivership. Nobody wants Italian bonds. France’s AAA rating is at risk. The headlines do seem to be a bit Euro-centric lately. But that’s temporary. Before long the spotlight will swing back to America’s failed states, beginning, as always, with California. ...