The promised bailout
At what point do we put the Fed and the treasury in front of a judge? No point, the bailout bill protected them from prosecution for ever...

Peter Schiffs Open Letter to his investors
While I have warned for years that the United States was headed into the eye of an economic hurricane, nearly every other "expert" from Washington, Wall Street, the press and academia saw nothing ahead but sunny skies...

The transient nature of economic centres of influence
Things change....that’s the nature of our existence on the blue marble inside the bubble of the universe. Galaxies, Stars, planets, continents, coastlines and countries change...

Irish Banks What's Happened?
The fears over the Anglo Irish Banks loan portfolio started a chain reaction that ended in the Irish government guaranteeing all banking deposits, personal and corporate...

What Is a Recession?
The technical definition of a recession is 2 consecutive quarters of GDP decline...but this narrow economists definition would mean, as I write this that the UK is not in a recession by the definition...

Ireland In Recession
The Celtic tiger has turned into a pussycat...its official. Ireland, after a decade or more of break neck economic expansion has slammed on the brakes...and how!...

What Caused This Current Global Credit Crunch?
Like many economic upheavals, the global credit crunch was caused by many factors. At the root of all of them is modern banking...yet it has scarcely been mentioned in the media...

What Is Going On With Northern Rock?
Northern Rock has increased mortgage rates and pulled many savings accounts in an attempt by the government to shift borrowers and savers onto other institutions...