The Student Loan Racket: Ron Paul Right Again by Tom Woods
• Daily PaulRon Paul was asked about student loan programs, which have made debt slaves out of countless kids, in his excellent interview on Meet the Press.
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Ron Paul was asked about student loan programs, which have made debt slaves out of countless kids, in his excellent interview on Meet the Press.
7 Things About The Monolithic Predator Corporations That Dominate Our Economy That Every American Should Know
Estimates of the notional value of the worldwide derivatives market go from $600 trillion all the way up to $1.5 quadrillion. Keep in mind that the GDP of the entire world is only somewhere in the neighborhood of $65 trillion.
Reality is this: Pension promises cannot be kept, just like Medicare promises cannot be kept.
I opened a charming neighborhood coffee shop. Then it destroyed my life. (But does this story mention the role gov't had?...)
Thinking of starting a business? Don't start it in America, chances are higher that it will fail. As the U.S. continues its economic slide it also continues to break long-standing records along the way. This record-smashing trend is nothing to take
The credit rating agencies have strongly suggested that further rating cuts are likely if Congress does not come up with a credible long-run plan. Hence, we expect at least one credit downgrade in December when the super Committee crashes.
The Fed fails to grasp that an interest rate is a price, the price of time. Attempting to manipulate that price is as destructive as any other government price control.
The US Misery Index Misery Index (12.97) = Unemployment rate (9.1) + Inflation rate (3.87)
Entered By: Ernest HancockAn unofficial gage of human misery in the United States rose last month to a 28-year high as Americans struggled with rising inflation and high unemployment. The misery index — which is simply the sum of the country's inflation and unemployment rates
Think life is not as good as it used to be, at least in terms of your wallet? You'd be right about that. The standard of living for Americans has fallen longer and more steeply over the past 3 years than at any time since the US government began reco
It's official, President Barack Obama's "Misery Index" has now exceeded President Jimmy Carter's rate that peaked during 1980. Then Republican candidate, Ronald Reagan, used that index to pound home the malaise America had fallen into and levera
Bank of America is shifting derivatives in its Merrill investment banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC. This means that the investment bank's European derivatives exposure is now
Federal employees whose compensation averages more than $126,000 and the nation’s greatest concentration of lawyers helped Washington edge out San Jose as the wealthiest U.S. metropolitan area, government data show.
Cold hard cash. It's good everywhere you go, right? You can use it to pay for anything. But that's not the case here in Louisiana now. Those who buy and sell second hand goods cannot use cash to make those transactions,
The growth in student lending may be the next major market bubble to burst, according to a recent report by Moody’s Analytics (PDF).
The world economy may still be in the doldrums, but global wealth continues to grow, hitting an all-time high this year of $231 trillion, according to a new global wealth report from Credit Suisse.
Senate Majority Leader Harry Reid (D-Nev.) on Wednesday indicated Congress needs to worry about government jobs more than private-sector jobs, and that this is why Senate Democrats are pushing a bill aimed at shoring up teachers and first-responders.
… and All the Other Neocon Threats.
The Pennsylvania state Senate on Tuesday voted for a state takeover of the finances of its capital, Harrisburg, setting up a showdown with the city. The plan was already approved by the state's lower house and is expected to be signed into law by Gov
Fascinating to see the shift over the past century: Here is an interesting interactive tool that lets you look at different year ranges based upon societal gains in income, and how they got distributed.
(Reuters) - Goldman Sachs Group Inc posted its second quarterly loss as a public company on Tuesday as its investment portfolio lost billions of dollars in value.
Trapped assets that generate no income streams in the present are not capital; the value of such non-productive assets is illusory. Strip away these trapped assets and the reality is revealed: most American households toil to service their debts.
...Our National Debt Went Up 4 Trillion Dollars!"
10/18/2011 7 AM CST Ron Paul goes over his Restoring America spending cut plan on CNBC's Squawk on the Street with Joe Kernan and Andrew Ross Sorkin, which entails cutting $1 trillion in Federal spending within a year's time.
Ron Paul vs. the Religious Right - Occupy DC and the Fed - The Horror Ahead Cops shoot demonstrators. Demonstrators shoot back - Multi-Trillion Dollar Shock and Awe - The Predator Drone Empire - If the Tea Parties Were Any Good
U.S. producer prices rose more than expected in September to record their largest increase in five months as gasoline prices surged, a government report showed on Tuesday.
As you will see below, Herman Cain's 9-9-9 plan will actually raise federal taxes on some middle income Americans to as high as 37 percent. If the other Republican candidates understood this, they would be jumping all over Cain.
For all its criticisms, if there is one thing one can say about Goldman, is that unlike their pathetic TBTF cousins in the US financial industry (JPMorgan, Citi, and shortly Morgan Stanley and Bank of Countrywide Lynch), it can report a loss like a m
(also included is Ron Paul video: Ron Paul's Texas Straight Talk 10/17/2011: Government is NOT a business.)