Jan 9, 2012, 10:00 am EST
In 2008, reckless credit default swaps nearly obliterated the global economy. Now comes the next crisis — “rehypothecated” assets. It’s a complicated, fancy term in the global banking complex. Yet it’s one you need to know.
The term rehypothecation starting coming into more general parlance after the fall of IMF Global. And if you understand it, you’ll get the scope of the risks we currently face — and it’s way bigger than just Greece.
So follow with me on this one. I guarantee you’ll be outraged and amazed — and better educated. You’ll also be in a better position to protect your assets because at the end of this article, I’ll give you three important action steps to take. Here goes. . . Read
Jan 6, 2012, 11:33 am EST
Pay close attention. This is how it happens…
President Obama found a moment of reduced visibility, in an unwatched hour on New Year’s Eve, to sign the latest assault on the Fifth Amendment. In signing the National Defense Authorization Act of 2012 on New Year’s Eve, Obama knew the nation’s attention would be diverted by revelry, football, New Year’s Day and a Monday national holiday.
In case you haven’t heard, the National Defense Authorization Act allows the government to detain people indefinitely — yes, it includes American citizens who can be taken even on our native soil and imprisoned — merely on the basis of accusations. Read
Jan 5, 2012, 12:07 pm EST
Although the Iowa caucuses delivered a major setback to three of the most socially conservative GOP candidates — Michele Bachmann, Rick Perry and Newt Gingrich — only Bachmann read the tea leaves and decided to get out of the presidential race altogether.
What happened to her candidacy, and what — if any — impact will her departure have on the nomination process?
Michele Bachmann, an Iowa native, announced her presidential campaign in her hometown of Waterloo. She made the case that she was a favorite of the Tea Party and would work to repeal Obama’s health care legislation and cut federal spending. While she was the frontrunner in Iowa for most of the summer and won the Ames straw poll in August, her star fell dramatically throughout the fall, and she ended her bid for president after getting a mere 5% of the votes in Iowa. Read