Economy News
(GATA) – Questioned by Paul, Fed denies any interest in gold – Read More Here
(CNSNews) – China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills – Read More Here
(RussiaToday) – McJobs: Fast food career the new American dream?
Three ongoing military campaigns that are costing the US a fortune give no comfort for the nearly 14 million unemployed Americans. With food stamps and a minimum wage the only hope for many, a career at McDonald’s has now become appealing. In April, the company launched its first ever national hiring day. Nearly one million Americans applied for a job at the fast food chain. Yet only six out of every 100 applicants were hired.
(CNBC) – More Americans Think Economy Will Never Recover – Read More Here
(ActivistPost) – New Decentralized Currency Stimulating Underground Barter Economy
New grassroots cyber currency, the Bitcoin, may provide the perfect vehicle to operate outside the establishment economy and snub the all-powerful banking cartels — it’s decentralized, quasi-anonymous, and its supply is regulated by an algorithm to actually create deflation over time. Read More Here
(ZeroHedge) – 20 Facts About US Inequality That Everyone Should Know (With An Update On The Uber-Wealthy And Global Wealth Inequality) – Tyler Durden – Read More Here
(WashingtonsBlog) – Well, There’s Your Problem Right There … Insider Trading Rules Don’t Apply To Congress – Read More Here
(WFMY) – Bank of America Gets Pad Locked After Homeowner Forecloses On It
Have you heard the one about a homeowner foreclosing on a bank?
Well, it has happened in Florida and involves a North Carolina based bank.
Instead of Bank of America foreclosing on some Florida homeowner, the homeowners had sheriff’s deputies foreclose on the bank.
It started five months ago when Bank of America filed foreclosure papers on the home of a couple, who didn’t owe a dime on their home.
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