Thomas Karl, the head of Obama’s new Climate Change office has been criticized for trying to suppress contradictory scientific data on climate change.

Continue reading

Oklahoma Senator James Inhofe has called for a full investigation into the climategate affair, calling the actions of the scientists involved “criminal” and part of “the greatest scientific scandal of our generation.”

Continue reading

Last week marked the one year anniversary of the American Reinvestment and Recovery Act, or the stimulus bill, passing into law. While the debate over its success has been focused on whether or not it is stimulating the economy and on various questionable uses of funds, in my estimation this legislation is accomplishing exactly what it was intended to accomplish – grow the government.

Continue reading

Feb. 24 (Bloomberg) — Ballooning debt is likely to force several countries to default and the U.S. to cut spending, according to Harvard University Professor Kenneth Rogoff, who in 2008 predicted the failure of big American banks.

Following banking crises, “we usually see a bunch of sovereign defaults, say in a few years,” Rogoff, a former chief economist at the International Monetary Fund, said at a forum in Tokyo yesterday. “I predict we will again.”

Continue reading

In a recent TED Talk, Bill Gates has put forward the theory that mankind can reach zero carbon emissions by reducing our population, services, energy and carbon output. And yes, he’s even suggested a trendy, yet totally absurd, equation to legitimatize his eugenicist viewpoint. All I can say is, “What a crackpot!” Maybe it’s because he hasn’t noticed the systematic fraud exposed in the climate-gate debacle or maybe it’s because the mathematics of his equation are so blatantly imbecilic but I can’t help myself from truncated laughter.

This guy is a genius? Really?

Continue reading

A new advisory being sent by America’s third largest bank to its account holders has stoked fears that major financial institutions could be preparing for old fashioned bank runs if the economy takes a turn for the worse.

Originally reported by John Carney over at the Business Insider website, Citigroup is sending the following information to customers along with their bank statements.

“Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change.”

Continue reading

According to the U.S. Department of Labor’s Bureau of Labor Statistics, there are nearly 30 million people currently unemployed — that’s including those involuntarily working parttime and those who want a job, but have given up on trying to find one. In the face of the worst economic upheaval since the Great Depression, millions of Americans are hurting. “The Decline: The Geography of a Recession,” as created by labor writer LaToya Egwuekwe, serves as a vivid representation of just how much. Watch the deteriorating transformation of the U.S. economy from January 2007 — approximately one year before the start of the recession — to the most recent unemployment data available today.

BUENA PARK, Calif. — Even as the American economy shows tentative signs of a rebound, the human toll of the recession continues to mount, with millions of Americans remaining out of work, out of savings and nearing the end of their unemployment benefits.

Continue reading

California attorney Wajahat Ali has written a chronicle of how he helped a couple in Sacramento defeat expert stonewalling by Wells Fargo and finally got the bank to modify the couple’s mortgage.

The story is revealing on many levels, especially the lengths banks will go to to make those who want a mortgage-mod just give up.

In the end, Wajahat won. Wells Fargo slashed the monthly payments for his clients and let them keep their house (at least temporarily).

What was Wajahat’s secret?

Continue reading

James Dines has become legendary for having made correct forecasts that were in complete contradiction to the rest of the financial community.

In an industry where it takes courage and conviction to go against the crowd, Mr Dines defiantly warned investors of the “invisible crash” that would bring down stocks in 1966, the unexpected gold boom of 1974, the Internet revolution of 1996, and the market top in 2000. And now, he warns of “The Coming Uranium Boom” that is steadily approaching.

In this interview Mr. Dines covers gold, silver, deflation, inflation, hyperinflation, government embezzlement of savings, financial corruption, the Bank of International Settlements, nobody knows who owns the BIS, their immunity from jurisdiction and arrest, the need for an audit of a BIS, the doubling of the currency because of the Genoa Conference and much more.

Continue reading