By Bill Wilson – Now that Iceland has told international banks and the European Union (EU) to pound sand, by refusing to bail out the UK and Netherlands who covered the losses of British and Dutch investors who lost $5.8 billion in Icesave when the bank failed in 2008 , a funny thing has happened. Or has not. The Earth did not open up, sucking the North Atlantic island nation into the deep reaches. The sky […]

By Bill Wilson – The U.S. cannot say it was not warned. For years now, sovereign credit rating agencies have repeatedly told Congress to get its torrent of deficit spending under control, or else face a downgrade of its gold-plated Triple-A credit rating. Alas, we did not […]

By Bill Wilson – Barack Obama is threatening that if Congress does not increase the $14.294 trillion national debt ceiling, the nation will default. In a letter to Congress, Obama’s Treasury Secretary, Timothy Geithner wrote , “Failure to raise the limit would precipitate a default by the United States.” It is a rather curious formulation. Note that the […]

By Bill Wilson – Iceland is free.  And it will remain so, so long as her people wish to remain autonomous of the foreign domination of her would-be masters — in this case, international bankers. On April 9, the fiercely independent people of the island-nation defeated a […]

By Bill Wilson – For the 2012 budget, House Budget Committee Chairman Paul Ryan proposes approximately $110 billion of initial spending cuts , and a spending cap that will control the growth of spending going forward. The mandatory cap on spending will require that any future increases in spending must be offset with cuts, leading to increasing savings every year. In fact, this is where […]

By Bill Wilson – The nation is risking a fiscal calamity that threatens a catastrophic default on the $14.2 trillion national debt and the collapse of the dollar as the world’s reserve currency.  If something is not done to bring the nation’s fiscal house into order, soon […]

By Bill Wilson – On March 29, House Republicans led by Conference Chairman Jeb Hensarling unveiled a piecemeal approach to bringing an end to government control of mortgage markets that includes winding down Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac. In 2008, Congress and the Bush Administration placed Fannie and Freddie into conservatorship as the firms descended into insolvency. Since then, the government bailout has cost taxpayers […]

By Bill Wilson – Barack Obama is the unilateral president. He does what he wants, when he wants, and Congress — and the people — be damned. The examples are too numerous to ignore. Recently, Obama ordered an attack on Libya without so much as consulting with […]

By Bill Wilson – Right now, the world is lost in a sea of black swans — any of which, if they unfurl their wings and fly, could potentially derail the global economic recovery and lead to massive government defaults on sovereign debt. Bloomberg News’ William Pesek […]

By Bill Wilson – On Jan. 15, 2011, Barack Obama nominated for the 2nd Circuit Court of Appeals, Susan Carney, Deputy General Counsel for Yale University. She has been voted out of the Judiciary Committee, and currently is awaiting full Senate consideration. But, not so fast. Unfortunately, […]