The Problem:
The demise of the dollar - This article requires a little bit of a discussion.  From the article.
In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including [...]

The Problem:
It looks like thanks to the Obama administration the US is imposing a 35% tariff on Chinese made tires to protect jobs here in the US.
The federal trade panel recommended a 55 percent tariff in the first year, 45 percent in the second year, and 35 percent in the third. Obama settled on slightly [...]

One of my favorite economists Peter Schiff just published his most recent episode of his show “Wall Street Unspun”!  I haven’t had a chance to listen to it yet.  When I do I’ll try and update the post to summarize it since it’s about 50 minutes long.

I’ve seen Max Kaiser before when he was debating some establishment banker/economic guy.  Max came off as crazy because it seemed that he couldn’t believe the garbage that was coming out of this guys mouth that he was debating.  Honestly, the establishment guy was spouting the normal “party line” junk that has gotten us into [...]