By Robert Romano Is anyone, anywhere in the world willing to fight against debt slavery that is encroaching on national sovereignty all over the world? In Cyprus, lawmakers voted to approve a €10 billion ($13.1 billion) loan from the so-called Troika — the European Commission, International Monetary […]

U.S. lending to foreign governments through the International Monetary Fund (IMF) has reached $35 billion, representing more than 24 percent of the agency’s $145.4 billion of outstanding loans . Well above its 17.7 percent quota, the U.S. is therefore funding a disproportionate share of IMF loans. Astonishingly, 60 percent of IMF lending, […]

By Robert Romano When history revisits the contemporary economic era, it might include a footnote that there is no such thing as a free lunch. That, in fact, you cannot borrow your way to back to prosperity. And we’ll know that because after the financial crisis, in […]

By Robert Romano Today the House Ways and Means Committee is considering a version of the “Full Faith and Credit Act” that addresses the threat of default when the statutory debt ceiling is reached by prioritizing payments of principal and interest to the nation’s creditors. Readers will recall in July 2011, in order to force House […]

By Robert Romano — Are excessive student loans preventing young Americans from borrowing money to buy a home or new car? That is certainly one of the conclusions of a recent New York Federal Reserve study, “Young Student Loan Borrowers Retreat from Housing and Auto Markets.” The findings “may have broad implications for the ongoing recovery of […]

By Bill Wilson — It has been four years and two months since the “American Recovery and Reinvestment Act,” the so-called “stimulus,” was signed into law on Feb. 17, 2009. That day, Barack Obama told the American people he was keeping his campaign promise that he would “do all that I could to give every American the chance to make of their […]

By Robert Romano The Obama Administration would like to cap the amount of savings that can go into an individual retirement account (IRA) and other tax-preferred investments like municipal bonds to a total of $3 million. That amount yields $205,000 a year in retirement income at today’s […]

By Robert Romano It took four years, but Team Obama has finally figured out that the economy is not growing at the rate it needs to. When Barack Obama entered office in 2009, the White House Office of Management and Budget (OMB) projected in his first budget there would be a V-shaped economic recovery. And even better, it would happen because […]

By Robert Romano “It’s just debt for debt’s sake, not to help build future production or earnings, but to simply fuel consumption.” That’s how Americans for Limited Government (ALG) President Bill Wilson described the latest scam by government and financial institutions to boost “growth.” Having exhausted the market for […]

By Bill Wilson The U.S. unemployment rate dropped from 7.7 percent in February to 7.6 percent in March, according to statistics released last week by the U.S. Department of Labor (USDOL). That’s the lowest figure in more than four years — since December 2008. It’s also the […]