By Robert Romano — Recently ABC News highlighted the story of Leeton, Missouri , a town so small — a population less than 700 — and hard-hit by the lackluster economy that it lost its only grocery store. Residents were forced to travel to the next town just to get milk and eggs. Seeing a […]

By Robert Romano — Those concerned about the ongoing debt crisis in Europe — and its potential spreading to the U.S. — should pay close attention to a meeting between French and German leaders this weekend. At issue are the terms of leveraging the €440 billion European […]

By Robert Romano — In the context of the ongoing Wall Street protests, a new poll (Oct. 15-16) from Gallup has found Americans by a nearly two-to-one margin blame government more than financial institutions for the weak economy. Every single political group: Republicans (82 percent), Independents (65 percent), and even Democrats (49 percent) all […]

By Robert Romano — Foreclosure filings jumped once again in the third quarter, this time to nearly 196,000, according to RealtyTrac , highlighting the continued weakness in the housing market and the general economy. Americans for Limited Government President Bill was not surprised by the rise in foreclosures, citing government […]

By Robert Romano — The next depression is already here.  It is a realization this author does not come to lightly, but unless and until the capital regime formalized internationally in Basel, Switzerland in 1988 is brought to a swift conclusion as the greatest colossal mistake ever […]

By Robert Romano — Ever since the U.S. gold standard was weakened in 1913 with the creation of the Federal Reserve system, then again during the Great Depression, when the domestic supply of gold was confiscated in 1933, and finally eliminated all together by Richard Nixon in […]

By Robert Romano — At an Oct. 6 news conference , Barack Obama received an interesting question about the radical Wall Street protesters wherein the reporter noted his signing of the Dodd-Frank financial regulatory bill. The journalist observed that the presence of the movement showed the protesters “clearly don’t think that you or […]

By Robert Romano — The embattled creditors of Greece, Portugal, Ireland, and other troubled sovereigns breathed a collective sigh of relief as Germany has overwhelmingly approved those creditors’ next round of bailouts. But not so fast. It’s not over yet. “It is not at all excluded that […]

By Robert Romano — Normally, when the Senate passes a piece of legislation, and then the House passes something slightly different, it’s called the legislative process. Now, it’s a crisis. “Shutdown Fears Rise as House Passes CR That Cannot Pass Senate,” blares one headline. “Shutdown specter rises […]

By Robert Romano — So addicted to credit are Europe’s most troubled governments that without credit expansion, their economies can no longer grow.  This is seen in Greece, where no longer able to spend more than it takes in, in the second quarter, its economy contracted by 7.3 percent . This addiction is […]