When it comes to currency devaluation, the words of a central banker are golden -- or tungsten, rather. This morning, the head of the European Central Bank, Mario Draghi, said Thursday's historic rate cut to half a percent was just the beginning.
The Marketplace Fairness Act passed the Senate yesterday, and is headed for pushback in the Republican-controlled House. The bill would require Amazon, Ebay, and other online retailers to collect taxes on all sales and send the proceeds to your state.
The US will pay China ahead of veterans and Medicare recipients. That's what House Speaker Boehner essentially said yesterday. He's pushing a new bill that would help prevent a US debt default.
Game-on! Thats what the big banks are saying. Club SIFI (thats regulator speak for too-big-to-fail) is going on the offense.
Uncle Sam is rolling in it! Revenues that is. From income taxes to Fannie and Freddie bailout repayments, the US is in the black -- but only temporary.
Hilsenrath speaks! Actually, twice. Bernanke's closest media confidant penned two articles in the Wall Street Journal over the weekend about major changes coming to the Fed. The breaking news?
First, Goldman Sachs complained it got wind that Bloomberg reporters were trolling their log-on records. Now we know at least one employee was keeping tabs on the none other Ben Bernanke and Tim Geithner.
Remember John Paulson? No, not Hank Paulson, Bush's Treasury Secretary who pushed TARP. I'm talking about John Paulson who shorted subprime and made billions for his hedge fund.
Banks are targeting Bloomberg after new revelations emerge about reporters improper use of confidential data. JP Morgan, itself under fire for lapses in risk controls last year, has asked Bloomberg to provide confirmation of its controls.
Developments in what we've coined "Bloomberg-gate" continue to defy even our expectations. Our favorite shadow regulator, Promontory Financial Group, will now be assisting Bloomberg in revamping its privacy and data standards.
Today, the CEO of BitInstant, Charlie Shrem, explains how easy it is to buy Bitcoins. Then we talk to Mike Richardson, contributor to The Motley Fool, about the housing IPO market.
Today we talk about the debt ceiling and monetary madness with authors Michael Pento and Mark Melin. Also, Perianne gives a recap of the Senate hearing with Apple's Tim Cook in the Daily Duel.
Today Perianne breaks down Bitcoins, and Bob English discusses the future of the Ripple crypto-currency network with Chris Larsen. Also, we talk to politically incorrect artist, Anthony Freda.
Today Perianne discusses foreclosure fraud with Matthew O'Brien, and Justine interviews foreclosure victims. Bob probes a new MF Global report, and CFTC Chairman Gary Gensler hides in a corner.
TToday Perianne and Bob talk about Bitcoins and math-based currencies with Trace Mayer. Perianne interviews Ludwig Chincarini about how crowds create financial instability.
Today Perianne interviews Jon Prior of Politico about the recent $59 billion windfall to the Treasury by Fannie and Freddie.
Today Perianne interviews Lenwood Brooks, Policy Director of Public Notice, about the debt ceiling. Then she profiles Larry Summers and turns up some startling revelations about his views on toxic waste and his time as Harvard president.
Today Perianne and Bob interview Jon Roe, co-founder of the Commodity Customer Coalition, about the latest developments with MF Global and a suit against Jon Corzine.
Today Perianne interviews John Berlau of the Competitive Enterprise Institute about the JOBS Act and increasing the lending power of credit unions.
Would you trust the New York Fed with seven thousand tonnes of the yellow metal? Perianne talks to Peter Schiff about what central banks are doing with gold.
Today Perianne speaks with Len Gilroy, the Director of Government Reform at Reason Foundation, who makes the case for privatizing the public transit industry.
Perianne speaks with Stephen Leeb about China's use of Iraqi oil. Then she discusses the potential conflict between economic growth and environmental protection with ecological economist Brian Czech.
Today we talk to Kyle Harrington, Founder of Harrington Capital Management, about designating non-banks as SIFIs. Also we look at what's in store for the 2.6 trillion dollar money market fund industry.
Perianne talks about the anti-trust case against apple with Yaron Brook, president of the Ayn Rand Institute. Then Prime Interest Producer Justine Underhill explains what's behind today's unemployment and jobs numbers.
Perainne talks to Justin Schardin on the nominations process for financial regulators. Then we dig into the Fine Print of the security of mobile payments and Bob English and Perianne will duel over just how much money the government spends on spying.
Perianne talks to Tim Sullivan, Chief Executive Officer of MicroVentures, about how venture capital has changed over the last few decades.
Today we get Jim Rogers' take on gold, central banks, and the Far East and Perianne digs into the fine print of the US gold audit.
Financial Analyst Sag Okadigbo discusses rating agency reform. Then the President and CEO of the Solar Energy Industry Association, Rhone Resch, talks about the record growth in the solar industry.
Perianne talks about the NSA whistleblowing scandal and privacy in electronic communications with Trace Mayer, owner of How To Vanish dot com.
Perianne speaks with with Dan Mitchell about European austerity measures. Then she talks to the "best Senator in the US," Shadow Senator Paul Strauss.
Today Perianne interviews Alexis Goldstein, contributor at the Nation, about the influence of bank lobbyists and Dodd-Frank Rulemaking.
Perianne speaks with Lori Wallach about the secretive process of the TPP, the largest trade agreement of our time.
Today Bob English talks to Niall Ferguson about the Fed's role in markets and the potential for hyperinflation.
Bob interviews Chris Martenson about Fed policy decision and how investors can protect their assets in an uncertain interest rate environment.
Bob talks to convicted book-cooker, Sam Antar of Crazy Eddie fame. Then Perianne tears into the fabric of our current small business regulatory environment with Nick Owens.
Bob discusses fracking and energy market price fixing with Tyson Slocum. Then, Perianne and Bob duel over some very angry birds -- and the next killer mobile app.
Perianne talks about the ramifications of the NSA whistleblowing scandal on the US Dollar with Joseph Salerno.
Bob talks to Sam Sacks about what the NSA whistleblower fallout means for our financial system.
Perianne discusses objectivism with John Aglialoro, producer of the Atlas Shrugged movies. Then Bob English talks Fed policy, Snowden leaks and Ecuadorian trade policy with Senior Fellow at the Mises Institute, Mark Thornton.
Bob delves into the NSA scandal and the behind the scenes of the Patriot Act with Mark Levine, the host of "The Inside Scoop."
Bob talks to Karl Denninger about the potential for a reversal in the 30 year downtrend in interest rates. Perianne's breaks down rehypothecation -- how leverage begets leverage.
Bob tackles MF Global and Jon Corzine shenanigans with James Koutoulas, the president and co-founder of the Commodity Customer Coalition. Then, Perianne Boring profiles the Don himself -- Jon "honey I blew up the futures industry" Corzine.
Bob talks about the monetary stimulus wind down with Austin Petersen, the Chief Executive of Stonegait LLC. Then Perianne digs into the Fine Print of Federal Reserve Audits.
Bob talks about the looming CFTC derivatives deadline with Bart Naylor of Public Citizen. Then Perianne Boring profiles the former New York Attorney General, Eliot Spitzer.
Bob talks about the rout in Irish banks and the future of Google Glasses with Reggie Middleton. Then Perianne breaks down the Transatlantic Trade and Investment Partnership.
Bob asks James Rickards, author of "Currency Wars", about his Fed tapering timeline and looming fiscal problems in China. Then Perianne breaks down all the controversy surrounding Minimum Wage.
Bob talks market manipulation with Bill Murphy of GATA. Then Perianne Boring digs into the Fine Print of these New SEC rules. Justine charts how some of the biggest corporations got Uncle Sam to cut them checks.
Bob talks control fraud with William Black -- the guy who exposed corruption in congress relating to the Savings and Loan scandal two decades ago.
Bob interviews Warren Mosler on Modern Monetary Theory and the impact of government spending. Then Perianne breaks down income inequality. Justine interviews former FDIC Chairwoman, Sheila Bair, on too-big-to-fail.
Bob English talks about the fall of Jon Corzine with John Roe and James Koutoulas of the Commodity Customer Coalition. Then Perianne Boring profiles the Consumer Financial Protection Bureau.
We debunk the likes of Bernanke and the private debt bubble with economist Steve Keen. Then Perianne breaks down the boom bust cycle.
Bob interviews Michael Hudson about the bubble economy and the role of the Fed. Then Perianne digs into the fine print of Detroit's bankruptcy filing.
We talk to Bill Bergman, a Fed economist who was fired for exposing billions in suspicious cash transfers just prior to 9/11. Then Justine charts where the $85 billion per month Fed purchases have been going.
Bob talks to Mark Blyth about European austerity measures. Then Perianne interviews John Hope Bryant about the Silver Rights movement.
Bob interviews Lew Rockwell, of the Ludwig von Mises Institute, about dysfunctional politics and Detroit's financial woes. Then Perianne profiles Detroit.
Bob interviews Yanis Varoufakis about his modest proposal to save the Eurozone. Then Perianne breaks down insider trading and the charges against SAC Capital.
Bob talks with author John Ralston Saul about the decline of Western civilization. Then Perianne profiles Janet Yellen, the Federal Reserve's Vice Chairwoman.
Bob talks to Richard Wolff about dysfunctional Detroit. Then Perianne breaks down the Volcker Rule, a rule which has yet to be implemented.
Bob explores Freegold with Edward Moyer and talks about the Fed's future with Gonzalo Lira. Then Perianne breaks down our Ministry of Economics-revised GDP statistics.
Bob looks into the crystal ball with trend tracker Gerald Celente. Then Perianne breaks down the Durbin Amendment and the ruling that could mean lower costs for retailers and customers alike.
Bob talks to Francine McKenna about the role of the big four auditors in perpetuating accounting fraud in the big banks.
Bob discusses tech sector growth with Kyle Harrington. Also Perianne hits the streets to talk sales taxes with the masses.
Bob discusses corporate cheaters and the search for an honest financial system with author Dan Ariely. Perianne breaks down quantitative easing.
Bob talks about the nature of how financial bubbles are fueled, then destroyed with Dean Baker. Then Perianne digs into the fine print of Obama's new mortgage plan.
Bob discusses missing gold at the central bank of England with GATA. Then Justine charts gold manipulation by high frequency traders. Perianne breaks down what the inventor of the freezer has in common with Jeff Bezos.
Bob talks fake econ stats with former assistant treasury secretary Paul Craig Roberts. Then Perianne profiles Purdue pharma and their distribution of the opiate, Oxycontin. Finally Bob duels the always-outspoken Mark Levine over our favorite mortgage giants, Fannie and Freddie.
Bob talks energy independence and the stealth bull in uranium, and Perianne digs into the fine print of Cross-Border Taxes.
Bob speaks with Richard Ebeling about quantitative easing and the future of Bernanke's so-called "exit." Then Perianne explores US aid to Egypt and the problems with doling out money to foreign groups.
Bob talks about the unprecedented expansion in base money with Mike Maloney. Then Perianne profiles our favorite vulture capitalist, Carl Icahn, who recently turned his attention to Apple.
Justine presents the case of unpaid interns. Then Bob talks with Ellen Brown about the web of debt we've woven.Finally Bob duels Thom Hartmann of the Big Picture on the current financial crisis.
Today is a full day of bitcoins. We interview Trace Mayer and Andreas Antonopoulos on the future of the crypto currency. Then we head to the hills of Virginia's gold belt to see what takes longer: mining bitcoin or mining gold.
Perianne profiles the Occupy Money Cooperative. Then Bob will interview self-confessed fraudster, Crazie Eddie's Sam Antar, on how this relates to the payments system.
Bob speaks with Mike Shedlock, author of Mish's Global Economic Trend Analysis, about the decline in India's rupee and emerging markets. And, Perianne breaks down inflation, there's more to it than meets the CPI.
Bob discusses corrupt regulators with Gary Aguirre, SEC whistleblower. Then Perianne digs into the fine print of whistleblowing, from Ellsberg to Manning.
Bob talks to Benn Steil, author of the Battle of Bretton Woods, about our global markets. Then Bob interviews with veteran futures trader, Larry Williams. Justine charts what's called the "carry trade."