Financing a breakaway civilization: A series of scandals involving allegedly counterfeit "bearer bonds" make up the biggest and most under-reported financial story of the 21st century.

by axolotl_peyotl To being with, here’s a brief overview of three essential methodological assumptions of any counterfeiting scheme: One does not counterfeit something that does not currently exist as a medium of exchange, or that is not convertible into it. One only counterfeits, or mimics, something real. Similarly, one does not counterfeit 500, 1,000 or … Read more

The Coming Coup and a Nation Divided

by Robert Carbery America seems to be on the brink of something dramatic. Something significant. Perhaps revolutionary. A summer of rage appears more and more likely as the nation remains bitterly divided and irreparably torn due to outlandish partisanship.   The political elite and their good friends in the powerful Deep State are being threatened … Read more

This State is Looking at Bankruptcy – There’s a Simple Way to Pull Back from the Brink

by Mark Angelides Illinois is now spending over 100% of its monthly revenue and talk of Chapter 9 bankruptcy has begun; Congress has yet to step in, but chatter predicts it may not be much longer. The problem remains that until Illinois (and more specifically Chicago) changes its economically suicidal policies, there is almost nothing … Read more

The Way Congress Is Handling Health Care Shows Why They Only Have A 17 Percent Approval Rating

By Michael Snyder The Senate health care bill was unveiled on Thursday, and it appears to be dead on arrival.  At least four conservative senators say that they can’t vote for the current version because it doesn’t go far enough, while several moderate Republicans are expressing concerns that it goes too far in repealing popular … Read more

Investors Have Become Brain Dead

by BILL BONNER DUBLIN – Oil fell below $43 yesterday. Brick-and-mortar retailers are being emptied. The auto industry – including $1.2 trillion in auto debt – is stalling. Meanwhile, restaurants are having trouble filling their tables. Consumers aren’t buying, perhaps because their incomes have gone approximately nowhere for decades. House ownership is at its lowest level … Read more