Retail investors become private subprime lenders
Middle class boomers have become desperate to fund their retirements, as a low interest rate environment is killing their annuities and other fixed income components of their IRAs and 401ks. Their generation has a component who simply doesn’t feel comfortable with stocks, due to their volatility and risk, going for more solid steady returns of […]
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US & Israel computer virus threatens nuclear power plants worldwide
Eugene Kaspersky, founder of the global security and anti-virus computer software company, said today at a press conference that a friend told him an unnamed nuclear power plant in Russia has been infected by the Stuxnet virus. This was supposedly developed to infiltrate Iran’s nuclear program, by the US and Israel. See more about Stuxnet […]
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What Is Free Banking, and Why Should I Care?
The establishment has invested heavily in the current system, including the education of the system. There is a pervasive thinking that our current system is the ‘best’ and the ‘only’ modern financial system viable. But history has shown more than 50 examples of free banking systems (not managed by central banks) that have produced excellent […]
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Confessions of a Quantitative Easer
The person responsible for running the Fed’s QE program from the beginning, provides an inside look at how the program benefited a small group of banks, juiced the stock market, but did little to spur growth or trickle down to main street. By Andrew Huszar, also posted at the WSJ. Mr. Huszar, a senior fellow […]
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Backup your electronic assets
Most information today is in electronic form, saved on your home or office PC (or server). Even if you are not in the computer business, it’s important to have a backup of your electronic records, software, pictures (such as scanned copies of your Passport and other ID). For any size environment, we recommend the following […]
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Prepping community grows in the US, fueled by fear of US Dollar collapse
“Prepping” as it is commonly known, is a community of people who prepare for various kinds of systemic meltdown, whether it be social, financial, planetary (asteroid strike), natural disaster, or EMP event. The idea has gained so much interest it’s nearly an industry in itself, with trade shows attracting vendors and middle class consumers with […]
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Statistically speaking, Americans should be more fearful of the local cops than “terrorists.”
5,000 civilians have been killed by police since 9/11 which is about the number of soldiers killed in the Iraq war. Domestic police forces in the US are looking more and more like paramilitary units, by acquiring used military weapons and gear, from M-16 rifles to armored vehicles. Though Americans commonly believe law enforcement’s role […]
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The 0.01% Have Never Had It Better
Worry over inequality occupies Wall Street, says the WSJ. The worry is based on the suspicion that what’s keeping corporate profits up is largely artificial. Many corporations are profitable because they’ve fired people; the unemployed don’t spend, thus not boosting the consumer driven economy. The 0.01% are profiting hugely, but do they really contribute to […]
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Silver & Gold – Hidden Secrets Of Money – Mike Maloney
Mike Maloney warns that “The world will have a new monetary system in this decade… people will simply lose confidence in currency, and what do they always go back to through out history? Time after time, for the last 5000 years, they always go back to gold and silver.” This excellent documentary – which focuses […]
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