Several U.S. states and the federal government are hopelessly insolvent. It’s something many bullion investors have known for years. The real question is when this reality will pierce the mainstream illusion that deficits, and the crushing pile of debt which accompany them, don’t matter. That moment drew closer last week when ratings agencies downgraded Illinois Read More…
Finance
Iran Says London Attacks Are “Wake-Up Call” For West, Urges Funding Crackdown
In what we are sure many will see as the most ironic headline of the day, Reuters reports Iran said on Sunday the London attacks were a “wake-up call” and urged Western states to go after ideological and financial sources of terrorism, state media reported, in a thinly veiled reference to Saudi Arabia. Having been Read More…
Deutsche Bank Trader Admits To Rigging Precious Metals Markets
After months of “smoking guns” and conspiracy theory dismissals, a Singapore-based Deutsche Bank trader (at the center of fraud allegations) finally confirmed (by admitting guilt) what many have suspected – the biggest banks in the world have conspired to rig precious metals markets. The Deutsche Bank trader, David Liew, pleaded guilty in federal court in Read More…
The Truth About Glass-Steagall
We all know the story by now: the repeal of Glass-Steagall in 1999 led to the housing bubble, the subprime meltdown and the global financial crisis…right? What do we really know about Glass-Steagall and how do we know it? Today James peels the layers off another long-standing alt media myth and discovers a surprising and Read More…
The Path To Default: Between Just Three Programs, US Already Spends More Than It Collects
…And Now For The Bad News In the late 1760s and early 1770s, the government of France was in a deep panic. They had recently suffered a disastrous and costly defeat in the Seven Years War, and the national budget was a complete mess. France had spent most of the previous century as the world’s Read More…
The Trump Collapse Scapegoat Narrative Has Now Been Launched
Last week was a rather crazy one for the news feeds, with cyber attacks and “Comey memos” and a host of other wild mayhem, it may have been difficult for many people to keep track of it all. That said, there was one event that I think went partly under the radar, and I think Read More…






