List of modern Sovereign Debt Defaults or Debt Restructuring The following list includes actual sovereign defaults and debt restructuring of independent countries from 1800 till 2012 Africa Algeria (1991) Angola (1976, 1985, 1992-2002) Cameroon (2004) Central African Republic (1981, 1983) Congo (Kinshasa) (1979) Côte d’Ivoire (1983, 2000) Gabon (1999–2005) Ghana (1979, 1982) Liberia (1989–2006) Madagascar […]

All major changes in trend come from humble beginnings. They at first appear to be just nonsense or even a irrelevant novelty. Nonetheless, they are generally slow moving trends that culminate like a bull market in an explosive phase transition going into the end. The timing is typically 23, 31, 51.6, and 72 year intervals […]

There has been much written about the NDAA Act where Section 1021 allows for the indefinite detention of American citizens without lawyers, charges or a trial until you die. This particular Act is close to my heart since I have been told plainly it was my confrontation with the government that inspired it. In my case, the […]

470 F.3d 89 Martin A. ARMSTRONG, Petitioner-Appellant, v. Joseph R. GUCCIONE, United States Marshal for the Southern District of New York, and Marvin D. Morrison, Warden, Metropolitan Correctional Center, Respondents-Appellees, Alan M. Cohen, Intervenor Receiver-Appellee. Docket No. 04-5448-PR(L). Docket No. 05-0280-PR(CON). United States Court of Appeals, Second Circuit. Argued: January 24, 2006. Decided: November 27, […]

Tim Geithner has resigned as US Treasury secretary. He was the man who protected the bankers no matter what they did. The “Geithner Doctrine” applied this theory of “Too Big To Fail” to corrupt bankers that manipulate everything they can for quick profits. They constantly blow up for they view it as they have done […]

The most interesting of all events has just taken place. The U.S. Justice Department filed a civil complaint accusing McGraw-Hill and S&P of mail fraud, wire fraud and financial institutions fraud. Of course, nobody will ever go to jail since it is civil – not criminal. The real key is who did the filing – […]

The key to understanding government and how it functions is to comprehend that there is one golden rule – never admit what you are really trying to do. This is not something invented by Obama. It is how ALL governments act. I constantly say that history repeats because the passions of man never change. This […]

In gold, a closing below 16960 will shift this market into a neutral position. Next month, 16700-16900 will become initial resistance.The major support lies at the 15400-15700 area. In silver the major support is in the 26-2700 level. A closing today below 3070 will keep silver in a neutral to bearish mode. Major resistance stands […]

  Aes Rude – Earliest form of Roman money whereby lumps of bronze traded by weight due to its utility value to be used to weapons or tools. Aes Grave – Early Roman bronze coinage that was cast into standardized coins with a recognizable image. Aes Signatum – Broze Ingots with an idealized intended weight […]

If anyone thinks that the Fed does not know in advance what is happening with the numbers, well you must be from another planet. Just hours after the Commerce Department reported that there was the first decline in quarterly GDP in 3-1/2 years, the Federal Reserve announced it was maintaining its policy of near-zero interest […]