US Action News

With the situation in Europe deteriorating and the increasing recognition that there is no solution, capital will leave these banking systems as well as flee the countries involved. If you fear bank failure, you take your cash out. If you fear currency failure, you put your money into safer currencies, preferably outside of the country. From Monty Pelerin’s World In March of 2010, I discussed the possibility of another bank holiday. We had one during the Great Depression where banks […]

When there are more losses, and there will be, the only way to guarantee banks do not take them, is to have someone else take them, namely taxpayers.

“Just playing politics.” Obama to take a 17 day vacation from campaigning. He already has given up governing. Meanwhile congress quibbles over another vote buying political bill that will do nothing for jobs or the economy but will make for good campaign sound bites.

If America is to remain great, a bastion of freedom and prosperity, it must remain capable of the unprecedented wealth creation that made it great in the first place. It must remain capable of defending itself (guns cost money). It must remain free.

The euro’s time is almost up – so says one of the big three credit rating agencies as it prepares for a mass eurozone debt downgrade. S&P’s announcement shook international markets, with investors cutting and running on European holdings.

Chávez pledged, “we will deepen the socialist revolution: socialism, socialism and more socialism.”

Where is the outrage? The more you learn about the Federal Reserve the more your eyes bleed.

While Obama pushes the US toward socialism the Europeans face the reality of having run out of other people’s money.

A mighty storm is coming. Economic conditions will likely be similar to the Great Depression. Social conditions will be worse. Thank your political class for both, but especially for creating the idea of false “rights.” These “rights,” when they can no longer be provided by government, will be obtained by the have-nots directly. Many will take to the streets to plunder the haves for what is “rightly theirs.”

With the situation in Europe deteriorating and the increasing recognition that there is no solution, capital will leave these banking systems as well as flee the countries involved. If you fear bank failure, you take your cash out. If you fear currency failure, you put your money into safer currencies, preferably outside of the country.