Daily Archives: October 3, 2013

Jim Comiskey Metals October 3rd

Published on Oct 3, 2013

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(Video) This Is The Next Sub-Prime Crisis: Jim Rickards

The staggering cost of student loan debt is daunting — it tops $1 trillion. Now there is new data showing that students are increasingly faltering under the weight of this debt. Related: What’s Really Wrong with Student Loans The U.S. Department of Education says figures reveal one in seven borrowers defaulted on their federal student loans. The default…

Treasury Warns Default Impact Could Last A Generation

By Tyler Durden Created 10/03/2013 The President warned yesterday that “this time is different,” and now the Treasury has weighed in with an even more ominous warning. In their statement, they note: *TREASURY OFFICIAL: CONGRESS ACTION ONLY WAY TO AVOID DEFAULT *TREASURY SEES ‘TENTATIVE’ SIGNS IMPASSE AFFECTING MARKETS *TREASURY SAYS BILL YIELDS MAY REFLECT `NASCENT CONCERNS’ *TREASURY:…

James Rickards: QE Will Go Down as ‘One of the Greatest Economic Blunders in History’

Thursday, 03 Oct 2013 08:16 AM By Dan Weil The Federal Reserve should drop its quantitative easing (QE) and just focus on controlling inflation, says James Rickards, a partner at Tangent Capital Partners. “My own view, which has no chance of happening, is that they should stop asset purchases completely and start to sell assets…

Government Shutdown? 36 Facts Which Prove That Almost Everything Is Still Running

By Michael Snyder, on October 2nd, 2013 All of this whining and crying about a “government shutdown” is a total joke.  You see, there really is very little reason why this “government shutdown” cannot continue indefinitely because almost everything is still running.  63 percent of all federal workers are still working, and 85 percent of…

The US Is Going To See A Monster Collapse – One For The Ages

With stocks struggling once again, today one of the legends in the business warned King World News that the U.S. is going to see a “monster collapse.”  This man has lived in 18 countries around the world, and he witnessed collapses in many of these countries, but today he issued this ominous warning, “This collapse…

Keiser Report: JP Morgan’s Financial Herpes (E505)

Published on Oct 3, 2013

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the Lilliputian view on fraud and theft and how this applies to the chief banking knaves at JPMorgan. In the second half, Max interviews Marc Armstrong of PublicBanking.org about turning depositors into shareholders as a fraud recipe shared amongst the Too-Big-To-Fail banks. With public banking, interest is returned to the economy from whence it came.

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