Robert Welch Predicted Keynesian Armageddon of Massive Currency Devaluation, Increased Gov’t Taxes as Response in 1958 and in 1974

For all those smug PhD economists educated at the University of Chicago, Princeton and Harvard that prescribe fiat currency devaluation to toilet paper valuation as the solution to our global monetary crisis and then feign disbelief at the current state of affairs worldwide, Robert Welch predicted your favored Keynesian nightmare as early as 1958 and … Continue reading Robert Welch Predicted Keynesian Armageddon of Massive Currency Devaluation, Increased Gov’t Taxes as Response in 1958 and in 1974

3 Reasons to Sever All Ties with Commercial Investment Firms

If there’s one thing you should have learned during the past four years it is this. Large global commercial investment firms are about as trustworthy as a used car salesman. This has been the case since the birth of Wall Street, but people are only waking up to this reality today after the ugly secrets … Continue reading 3 Reasons to Sever All Ties with Commercial Investment Firms

Yet Another Reason Not to Trust the Big Commercial Investment Firms

In June 2007, Reuters reported the following story: Morgan Stanley will pay $4.4 million to settle a class-action lawsuit with brokerage clients who bought precious metals and paid storage fees, according to a court filing. The proposed settlement, which must be approved by the federal court in Manhattan, includes a cash component of $1.5 million … Continue reading Yet Another Reason Not to Trust the Big Commercial Investment Firms

The REAL Story Behind the Big Australian Bank Customer Gouging Policies

Today, a Sydney Morning Herald analysis of a Reserve Bank of Australia report discovered that “The big four Australian banks [ANZ, Commonwealth, NAB, and Westpac] have used the cover of the global financial crisis to charge borrowers more than the increase in their own costs, resulting in big profits for the lenders and much higher … Continue reading The REAL Story Behind the Big Australian Bank Customer Gouging Policies