by Victor Misek THE PENSION FUND CRISIS in the United States extends into the public and private sectors of the economy to an extent unprecedented in the history of mankind. It’s instructive to compare two of the most notorious individuals involved in the mass destruction and destabilization of pension funds invested in debt instruments. The two individuals in my cross-hairs are Continue Reading →
by Bob Chapman Publisher of The International Forecaster. AS THE ECONOMY STUMBLES the American standard of living recedes. Forty-four million people are using food stamps and in one year that figure will be 60 million. Washington and Wall Street say “what, me worry?” Of course not; they are the “masters of the universe.” We are 24 months into an inflationary Continue Reading →
The oligarchs are not interested in restoring America’s manufacturing base, therefore we must prepare for the worst. by Bob Chapman Publisher of The International Forecaster. THE ADMINISTRATION and those who control it, the House and Senate, want us to believe that debt can be paid out of revenues now and forever. As inflation and perhaps hyperinflation set in we could Continue Reading →
by Bob Chapman (pictured) Publisher of The International Forecaster. THE CHAIRMAN OF THE FEDERAL RESERVE, Ben Bernanke, would have us believe that if it were not for QE1, unemployment would have been considerably higher. Since QE2 began in June, U6 has only improved by ¼%. Perhaps better numbers are on the way, but that has not been an auspicious start. Continue Reading →
by John W.B. Huie Exclusive to The American Mercury TODAY THE FEDERAL RESERVE, America’s private central bank, began to ship billions of dollars to the central bankers of Europe in an attempt to stem the fall in the value of the euro created by Greece’s debt crisis. The total value of the deal could easily top $1 trillion according to Continue Reading →