I had the pleasure of reading a final finished copy of The Dollar Meltdown by Charles Goyette this past week. Congressman Ron Paul offers an opinion on the front cover to which I certainly concur: "Goyette does a great job explaining why America faces a looming financial crisis and outlines comm ... Read more

Here are some images Bill Hopen, my sculptor friend sent me regarding a real estate crash in China. Yes, It's a 12 story building lying flat on the ground. (1) An underground garage was being dug on the south side, to a depth of 4.6 meters. (2) The excavated dirt was being piled up on the ... Read more

Let's play a game of Q&A. The time to go on strike is: 1: Company profits are soaring and competition for hiring by employers is strong 2: Company profits are sinking, corporate taxes are rising, competition for jobs by employees is going through the roof This may seem like a no-brainer, bu ... Read more

Congress is discussing a horrible idea, putting a "transaction tax" on every stock or option purchase or sale. Please consider AFL-CIO, Dems push new Wall Street tax . 08/30/09 The nation’s largest labor union and some allied Democrats are pushing a new tax that would hit big investment firms ... Read more

This morning, the Bureau of Labor Statistics (BLS) released the Odctober Employment Report . The unemployment rate rose from 9.8 to 10.2 percent in October, and nonfarm payroll employment continued to decline (-190,000), the U.S. Bureau of Labor Statistics reported today. The largest job losses ... Read more

The case of Mortgage Lender Implode-O-Meter vs. Mortgage Specialists Inc (MSI) has reached the New Hampshire Supreme Court. MSI has demanded Implode-O-Meter reveal the identity of one of its sources in a defamation case and Implode-O-Meter refuses. Please consider New Hampshire Suit Challenges ... Read more

Although I have mentioned the enormous property bubble in Canada on numerous occasions, I have also stated a belief that Canada as a whole was better off than the US. Not so fast says Jonathan Tonge of the America Canada Blog . Jonathan pinged me with the following email: Mish, Observing t ... Read more

I have received a couple more replies to Government and Lender Policies of Fear and Shame Help Keep Homeowners Debt Slaves that are worth sharing. This one is from "Wells Fargo Madness" who writes: What a timely and spot-on post.... I can personally attest to the truth of the situation descri ... Read more

The Senate approved yet another plan to stimulate the economy. It's called throwing $33 billion at homebuilders. This is of course doing nothing but giving money to the greedy pigs that helped create this mess. However, that is the way Washington works. Senate Majority Leader Harry Reid even had th ... Read more

It's no wonder that gold is soaring with the US, UK, and China all printing money like mad. Throw enough money around and gold is bound to rise regardless of anything else that might happen (all of it bad). Please consider the latest insanity in the UK: BOE May Expand Bond Plan as Officials ‘Th ... Read more