To watch the live Goldman Sachs Congressional Testimony regarding how they used CDOs and mortgage backed securities to defraud investors, click this link here.
As long as man has lived, man has always been keen to commit grand acts of deception on his fellow man. Joseph Goebbels, Hitler’s Propaganda Minister said, “The bigger the lie, the more it will be believed.” The theory of…
In today’s financial world, a real life, real-time economic World Series of Poker is being played out before our very eyes between the Central Banks of the world’s largest economies. As opposed to the annual Las Vegas World Series of…
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“We apologize for the inconveniences, but this is a revolution.” — Subcomandate Marcos, January 1, 1994 As a history buff, I recently started to re-read a book of essays from Zapatista leader Subcomandante Marcos that I read more than 8…
Despite the fact that nearly all of the macroeconomic trends I have predicted since 2006 on my blog, the Underground Investor, have come true, the percent of people that disagree with my predictions for 2010 and 2011 still outnumber those…
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Just a quick reminder that our contest to give away 8-free Wealth Secrets memberships ends on midnight, New York time, one week today on March 8, 2010. To see contest details about our 18-course Wealth Secrets membership that provides all…
A yet to be verified story from Rough & Polished, a Moscow based website, reported that China had “confirmed its decision to acquire 191.3 tons of gold auctioned by the International Monetary Fund.” Of course, until official confirmation comes from…
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(02-18) 11:44 PST Austin, Texas (AP) — A software engineer furious with the Internal Revenue Service plowed his small plane into an office building housing nearly 200 federal tax employees on Thursday, officials said, setting off a raging fire that…
The recently announced IMF sale of 191.3 tonnes of their gold reserves, though it caused an immediate sharp knee-jerk reaction in gold futures markets, will have a negligible effect on the long-term price of gold. Here’s why. In December, 2009…
There is an inextricable link between our academic system and the failure of citizens worldwide to understand the dire negative financial consequences of the coming second phase of the global monetary crisis. To help you understand the huge gap of…