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 secondhand dealer with cash. Therefore, even going to a garage sale to make a purchase with cash became illegal. A secondhand dealer shall not enter into any cash […]

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 1930s. Consequently, some limit the term Long Depression to the worldwide price recession beginning in 1873 and running through the spring of 1879. Six years is not exactly a “long” depression, that in […]

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 to fully launch to the general public by early September. This stage does not have the inquiry function yet, as we are […]

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. Hillary’s adviser comes from none other than Goldman Sachs, who some call the modern day Rothschilds. If Hillary is elected, she will be perhaps far more corrupt than just about […]

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 were not members. Those non-member banks operated in an environment similar to what existed before the Federal Reserve was first, established back in 1914. People criticize the Federal Reserve […]

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 confiscate gold. These rumors spread and people ran to banks to withdraw their funds. The night before the election in 1932, FDR denied that he would do such a thing. […]

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. The Interview

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 political position of Merkel entirely. There is no doubt about this: Greece cannot pay and cannot raise taxes while simultaneously having any viable economy. This is […]

The markets were relatively well behaved today, with little geopolitical excitement to unnerve trading, but we did see weaker economic data in the States. Retail sales were expected +0.2% but failed to deliver showing at -0.3%, ex-autos -0.1% vs. 0.5%. Also, May Business Inventories broadly in-line at 0.3%. Despite the less optimistic showing, the U.S. Stocks put in a […]

We will be holding a special one-time event for our clients (meaning all interested readers). This is not a general public event, so we are not advertising outside of this blog. We will be showing “The Forecaster” on Saturday, August 1, 2015, with a question and answer session afterwards in Cherry Hill, NJ. The time […]