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Market Talk – July 16, 2015

Yesterday, dealers spent most of the day waiting for the Greek vote and then, later in the day, Janet Yellen’s semi-annual HH (Humphrey Hawkins) testimony in...

The Dow & the Two Paths To Chaos

We have a Daily Bullish Reversal in the Dow at 18105.00. A closing above that will warn of a retest of the May high of 18421.13. We still do not see a major crash...

Gold is Becoming a Dirty Word

  In 2011, Louisiana became the first state to wage war on CASH, enacting a law called R.S. 37:1866. Politicians made it illegal to purchase anything from a...

The Long Depression – the First Great Depression

What actually constitutes the Long Depression has been debatable, for at first it was called the Great Depression, and then that title was transferred to the...

Socrates Invitation Launch

THIS IS NOT A BUTTON – AN EMAIL WAS SENT TO THOSE ON THE OLD SYSTEM The expanded beta testing is now launching to a group of 300 clients. We expect the site...

Hillary Will Not Reform Banks

Hours after Hillary Clinton vowed to crackdown on Wall Street, by no means will she reverse what she and her husband did in repealing Glass-Steagall....

Why The Federal Reserve Worked During the 1930s

When the Great Depression began, over 8,000 commercial banks belonged to the Federal Reserve System, but nearly 16,000 did not. There were still state banks that...

The Truth About the 1933 U.S. Banking Holiday

Herbert Hoover’s memoirs (1951) documents the fact that Franklin D. Roosevelt (FDR) played a very dirty game of politics. There were rumors that FDR would...

Yanis Varoufakis Behind the Curtain

Yanis Varoufakis and his battle behind the curtain. Here is the full transcript of an interview with him where he speaks frankly about the battle to save Greece....

IMF Says Greek Debt Should be Foregiven

Even the IMF has come out now to warn that Greece may need a complete debt write-off. This is sending an economic earthquake through Europe, for it undermines the...