A Greedy Economy on Borrowed Time: America Under the Sword of Damocles

Economists and financiers fear that the Treasury will have to print more and more money to service that debt, ultimately devaluing the currency and triggering hyperinflation, similar to what Germany experienced in trying to repay its onerous foreign debts following World War I.

American Flag

NEW YORK -- On the afternoon of December 31, 1999, I boarded a flight from Chicago O’Hare airport for San Francisco International and found myself seated next to a bear of a man, who, at 6 feet 6 inches tall, and more than 300 pounds, squeezed into the middle seat of an emergency row. His unkempt sandy blonde beard contrasted with a ratty,

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Tenth Anniversary Of Financial Collapse, Preparing For The Next Crash

We can look to Iceland for an example of how to handle the next crisis. In 2008, they jailed the bankers, let the banks fail without taking on their debt and put controls in place to protect the economy.

Protestors march down Wall Street to call attention to big bank bailouts and cuts in jobs and education in New York, May 12, 2011. Kathy Willens | AP

Ten years ago, there was panic in Washington, DC, New York City and financial centers around the world as the United States was in the midst of an economic collapse. The crash became the focus of the presidential campaign between Barack Obama and John McCain and was followed by protests that created a popular movement, which continues to this

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Bush-Era Economists Emerge As Front-Runners For Fed Vice Chair Position

It seems President Donald Trump is confused about what “draining the swamp” really means .

After selecting Fed governor Jerome Powell to replace Janet Yellen as Fed Chair when her term expires in February, the Trump White House has now moved on to interviewing a series of candidates for the Vice Chair position.  As the Wall Street Journal notes this morning, two of the more likely candidates for that role are a pair of economists who

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Ron Paul: Oppose Fascism of the Right and the Left

“While we should be willing to form coalitions with individuals of good will across the political spectrum, we must never align with anyone promoting violence as a solution to social and economic problems. We must also oppose any attempts to use the violence committed by extremists as a justification for expanding the police state or infringing on free speech. Laws against hate speech set a dangerous precedent for censorship of speech unpopular with the ruling elite and the deep state.”

Former Texas Rep. Ron Paul (AP Photo/Carolyn Kaster)

OPINION -- Following the recent clashes between the alt-right and the group antifa, some libertarians have debated which group they should support. The answer is simple: neither. The alt-right and its leftist opponents are two sides of the same authoritarian coin. The alt-right elevates racial identity over individual identity. The obsession

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Amid Qatar-Saudi Rift, Qatar May be Turning Its Back on the US Dollar

“The failure of this insurgency, however, has spelled the death of this proposal, leaving Qatar bound to look East to Asia – already their biggest customers – for their LNG markets. But most of the existing Eastbound LNG pipeline infrastructure is controlled by Iran. For Qatar, then, cutting its Iran links would be cutting off its nose to spite its face. This is why the Saudis aim to demonstrate that the alternative is having their entire face cut off.”

Late last week, Saudi Arabia and other members of the Gulf Cooperation Council (GCC) that are involved in attempting to isolate Qatar sent the tiny Gulf nation a list of 13 demands. They are insisting that Qatar meet these demands within ten days or face unspecified further action. The list of demands includes Qatar shutting down Al-Jazeera and

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Former Federal Reserve Chairman Warns Of Imminent Financial Crisis

“We are in very early days of a crisis which has got a way to go.”

Alan Greenspan appears via video conference

On Monday, Alan Greenspan, the former Chairman of the Federal Reserve from 1987 to 2006, dropped a bombshell that will both incite panic as well make people scratch their heads in disbelief. Speaking on Bloomberg in an extensive 30-minute interview, Greenspan gave his assessment of Brexit. The former fed chair said David Cameron made a “terrible

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