Monthly Archive:: May 2012

Latest Posts

Will Fed Printing Press Try to Save Europe?

By Greg Hunter’s  You know things are heating up when the banks start with scare tactics.  In Greece, the bankers are in full court press to sway voters for next month’s election.  Reuters reported yesterday, “In a report released ahead

Iran–EU Debt Crisis Update

By Greg Hunter’s The meeting, last week, in Iraq to negotiate a resolution to Iran’s nuclear program ended with zero concessions on either side.  The only thing positive was an agreement for another meeting, next month, in Russia.  This meeting

Weekly News Wrap-Up 5.25.12

By Greg Hunter’s  The big meeting, this week, in Iraq concerning Iran’s nuclear program was a big bust.  The meeting, once again, ended the same way the last one did—with a date for another meeting.  The next one is in

Taxpayer Supported Gambling

By Greg Hunter’s  The $2 billion derivative trading loss JP Morgan announced, about two weeks ago, is growing in size.  It is reportedly now more than triple the original loss.  According to a CNN report, “One thing seems clear about

Inflation–Deflation: Gold and Silver Win

By Greg Hunter’s There is plenty of talk about inflation and deflation scenarios. Gold and silver do well in the extremes. I think it is safe to say the financial environment today is extreme. Look at the thud the Facebook IPO made since

Iraq Meeting Will Decide War

Greg Hunter’s  The meeting, this week, in Iraq to negotiate Iran’s nuclear program will decide whether or not the world will go to war.  The meeting is between the East (Iran, China and Russia) and the West (U.S., UK, France

Weekly News Wrap-Up 5.18.12

By Greg Hunter’s  The big news is what is coming up over the next four days.  There are two sets of meetings:  one in Camp David with the G8 and one in Chicago with NATO.  Forget the protests in Chicago;

Systemic Risk Is Everywhere

By Greg Hunter’s  The $2 billion loss of JP Morgan in derivatives trading is signaling, once again, the enormous risks big banks take with taxpayer backing.  All U.S. banks are covered by the FDIC, and if a loss is big

JP Morgan Tip of Iceberg

By Greg Hunter’s  William K. Black is one of my heroes.  He is a former bank regulator, professor and an outspoken critic of the part of Wall Street that crashed the financial system in 2008.  His big beef is there

JP Morgan Black Swan?

By Greg Hunter’s The surprise announcement by JP Morgan that it lost $2 billion in trading derivatives was portrayed in some mainstream media outlets as no big deal.  The Associated Press reported Friday, “Bank stocks were hammered in Britain and

Weekly News Wrap-Up 5.11.12

By Greg Hunter’s If you think gay marriage or Mitt Romney’s alleged forced haircuts when in prep school are the big stories you need to worry about, then you are watching too much of the mainstream media!  There are much

The Last Innings of a Very Bad Ball Game

By Greg Hunter’s There is no way to characterize what is happening in the EU as positive.  The Euro-zone is a gigantic mess, and it is on the verge of falling apart.  There is no way the destruction of the

Charlie Munger is Out of Touch

By Greg Hunter’s You haven’t heard much from Charlie Munger (Warren Buffett’s right hand man) since he said this, a few years ago, about the massive bailouts the financial system received from taxpayers and the Federal Reserve: “So I think

It’s Official: Economy Heading Down

By Greg Hunter’s  There has been so much bad economic news out, recently, I do not see how anyone with half a frontal lobe could say the economy is not in trouble.   Friday, new unemployment figures were announced, and a

Weekly News Wrap-Up 5.4.12

By Greg Hunter’s  Is Israel preparing for war?  It was reported, this week, that six reserve battalions were called up because of increasing tensions on both the Syrian and Egyptian borders.  The Israeli government gave the okay for an additional