By Bill Wilson — The U.S. Treasury on May 2 postponed a decision on whether to issue a new type of debt that would allow interest rates to float with market conditions. These would be like an adjustable rate mortgage, except for sovereign debt, wherein interest rates would adjust over time instead of being at a […]

By Bill Wilson — On May 1, 2012, the Occupy movement once again took to the streets, this time to celebrate International Workers’ Day, a leftist, invented holiday that was originally founded to promote Marxist and labor movement ideology . Eventually, it even became a national holiday of the then-Soviet Union to promote the workers’ revolution. The ostensible idea behind the protest, […]

By Bill Wilson — On Thursday or Friday, the House of Representatives will be voting on new legislation, the “Cyber Intelligence Sharing and Protection Act” (CISPA). The ostensible purpose of the bill is to streamline the sharing of intelligence on cyber threats from the U.S. national security apparatus to Internet Service Providers and […]

By Bill Wilson — Speaking in Denmark on April 16 with that country’s economics minister at an event hosted by the Politiken newspaper , billionaire investor George Soros took aim at austerity measures in Europe, saying they were only making things worse as countries there attempt to control the sovereign debt crisis. “You can grow out of excessive debt, you cannot shrink out of excessive debts,” […]

As originally published at Investor’s Business Daily on April 20. By Bill Wilson — Like the day Pearl Harbor was bombed by the Japanese, Dec. 7, 2009, might too be recalled by history as a day that shall live in infamy. That was the day Environmental Protection Agency Administrator Lisa Jackson issued the carbon endangerment finding, a […]

By Bill Wilson — In February, the Obama Administration accounted for rising gasoline and oil prices with market forces, saying alternatively that it was because the economy was recovering and included increased demand overseas, particularly China. Now, Obama is claiming that so-called ‘speculators’ are manipulating oil prices. […]

By Bill Wilson — $2.59 trillion. That’s how much the Obama Administration anticipates it will collect in taxes in 2012 .  Another $1.345 trillion will be collected by state and local governments, based on 2011 data by the U.S. Census Bureau . All together, that’s a whopping $3.935 trillion Americans pay in taxes on an annual basis — or about 24.9 percent of the nation’s Gross Domestic Product (GDP). In […]

By Bill Wilson — The only thing standing in between the White House and a bailout of 11 million borrowers underwater on their mortgages to the tune of $717 billion is the FHFA’s Edward DeMarco, who has had the temerity of suggesting that the agency merely follow the law and protect taxpayers from unnecessary losses. DeMarco has steadfastly rejected a […]

By Bill Wilson — Is the International Monetary Fund (IMF) inserting itself into U.S. political affairs and potentially setting up a conflict over U.S. sovereignty? After a speech last week at the Brookings Institution on the financial crisis , IMF Managing Director Christine Lagarde took questions from the audience, including one from U.S. Bureau of Economic Analysis economist Garth Trinkl.  […]

By Bill Wilson — In the past month, the European sovereign debt crisis has reared its ugly head again. No, not in Greece, but this time in Italy and Spain. There interest rates on 10-year bonds have jumped from lows of 4.81 percent and 4.87 percent, respectively, […]