It sounds far fetched to have banks in the US not allow depositors to withdraw there funds or close any savings account.  As I've written before humans have generally short memories.  It wasn't long ago (5 or 6 years) several smaller banks failed.  Those who had larger CD's lost....a period of time went by but eventual...more

All economic policies of the last 40 or 50 years have hinged on adopting Keynesian theory.  Using one portion of the theory and not having monetary discipline have created the beginning of the end.  Human nature has short spans of memory due to life cycles.  Most or nearly all humans won't, can't or refuse to learn fro...more

This is a simplistic form of telling the sheeple all is well in inflation land.  Granted I agree with a 3% to 4% annualized average.  Its present day costs which escalate rapidly on some items actually putting them out of reach for average earners.  This is MSNBC dribble at its best....Inflation is the worst enemy of a...more

I see Cyprus as a very small potato which can cause a leverage of panic.  Default will occur much like Greece.  The banking system and governments in general cannot be trusted, even our own.  Hell even Oblama lies regularly, even Bush lied regularly, Congressmen and Senators pander and chase women, money and screw the ...more

It is now clear as a very blue sky where all the bailout money is guaranteed.  US taxpayers via the Fed is propping up world markets.  Bernanke is continuing the financial confiscation of wealth at home to keep the world economy from trashing.(it will eventually)  Cyprus will have to keep its banks closed, why? the sli...more

I see how people have nothing, buying on a whim and for God's sake flushing the country down the toilet with poor political choices.  Politics aside, choices now are due to lack of education on proper financial management.  That is also what is wrong with the country, we have people who are likely very book smart, but ...more

Eventually, the economy will succumb to slash and burn economic need.  It is fallacy to think we can use borrowing to pay interest and allow the spiral upward of huge debts.  The Republicrats and Demoglobcats will never agree, one is pasted to largess for special interests and the other is progressive collectivism.  De...more

Precious metals, the original "money" in the world, long before governments had printing presses.  I see metals as a form of value but we all should be cautious of how value is measured.  The dollar will eventually be devalued and its worth watered down "naturally" by inflation etc.  Gold or silver will buy food, or ot...more

Seems now Germany has discovered that dumping more aide into the pot of plenty for socialist countries is a losing proposition.  No more lending to deadbeat countries who have extended welfare and failed economic policies.  Cut losses and run.  US needs to look across the pond and view the future, we have leaders here,...more