If You Live In California Things Just Got A Whole Lot Worse...

Why does the state of California seem to be so incredibly hopeless?  These days California can’t seem to do anything right, and if you live in California things just got a whole lot worse.  Governor Brown has announced that the state budget deficit for this year is going to be (more…)

London Gold Pool Revisited...

The London Gold Pool was the pooling of gold reserves by a group of eight central banks in the United States and seven European countries that agreed on 1 November 1961 to cooperate in maintaining the (more…)

Money, Power, and Wall Street: Why and How the American Financial System Failed...

Submitted by Tyler Durden on 05/01/2012 17:30 -0400

In one of the most complete documentaries undertaken on the financial crisis, PBS Frontline’s “Money, Power, & Wall Street” series stretches from the origins of the credit derivative business with a bikini-clad pool-side Blythe Masters and her JPMorgan colleagues to the scary (but absolutely true) fact that the financial crisis never ended. The four-part series and the entire set of 20 in-depth interviews with the various players (from Sheila Bair to (more…)

10 Reasons to Retire in a College Town...

By Emily Brandon | U.S.News & World Report LP – Mon, Apr 16, 2012 11:32 AM EDT

If you’re feeling nostalgic for your college days, you might be able to relive them in retirement. College towns often have lots of amenities for retirees, including top-notch healthcare, good public transportation, and lots of free or low-cost things to do. And if you stay away from big cities, many places with colleges have an affordable cost of living. Here’s a look at why college towns often make good retirement spots: (more…)

Steve Jobs On Success...

Steve Jobs discusses that Apple’s success comes as a result of how it is structured as a collaborative company where the best ideas win. (more…)

ALERT (this is a game changer) Sanctions dodge: India to pay gold for Iran oil, China may follow...

India has reportedly agreed to pay Tehran in gold for the oil it buys, in a move aimed at protecting Delhi from US-sanctions targeting countries who trade with Iran. China, another buyer of Iranian oil, may follow Delhi’s lead. (more…)

India’s Love Affair With Gold...

In Western culture weddings are about the bride and the groom. In India, weddings have little to do with the bride and the groom; it’s about two families celebrating and coming together. But in India, if you have no gold, you have no wedding. (more…)

Bernanke Gives the Green Light to Buy Gold! Says Trader...

In this video interview with Rich Ilczyszyn, Federal Reserve (a privately owned corporation) Chairman Ben Bernanke has finally throw in the towel on gold. By continuing the near zero interest rates through late 2014, Uncle Ben is admitting his keynesian tactics are not working… (more…)

MF Global’s Ex-CEO Jon Corzine Is Toast...

During Senate Hearing, MF Global Employee Terry Duffy says that Corzine knew loans were made from customer accounts (December 13, 2011)

Yet during testimony before the Senate Agriculture Committee, Jon Corzine states, “I never gave any instruction to anyone at MF Global to misuse customer funds.”

Wonder why Corzine, a former Democratic New Jersey senator and governor, resigned as CEO of the securities firm last month?

First we have the collapse of Lehman Brothers. Then AIG. Now MF Global. I’m seeing a tend here. Who do you believe? (more…)

ExxonMobil energy outlook expects growing unconventional gas role...

A wink is as good as a nod, but trust me you better know which horse to ride. (more…)