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Latin America takes to the Bitcoin 'virtual currency' in a big way Watch

Image of The absence of a central issuing authority has caused volatility in the Bitcoin's value against the American dollar or British pound sterling. However, the trend is for the Bitcoin to appreciate against these currencies.

Invented by "Satoshi Nakamoto," believed to be the pseudonym for a fleet of computer programmers, the virtual form of currency known as the ... continue reading

Is this goodbye? Much maligned Crocs shoes may be close to extinction Watch

Image of The brightly colored Crocs are often maligned as being offensive to the eye. With new selection, the brand shows it isn't dead yet.

The Daily Mail is asking if this is the end of the Croc, after the company reported a massive decline in profits and cited flagging ... continue reading

Government bold-face lying about deficit, why are we not surprised? Watch

Image of Jack Lew is engaged in the 'standard set of extraordinary measures' to keep the economy running for Obama.

The Obama administration has a magic bank account. That, or someone's lying. According to the Daily Treasury Statement, dated July 26, ... continue reading

How bad are municipal bankruptcies really? Watch

Image of Municipal bankruptcies aren't as widespread as we think.

How bad is the municipal bankruptcy outlook? It's difficult to predict, however we can evaluate the past. As it turns out, only a small ... continue reading

Obama promised he wouldn't let Detroit fail... well yesterday it failed Watch

Image of Large areas of Detroit are almost entirely abandoned.

Detroit filed bankruptcy Thursday, hopefully ending a long, terminal slide into insolvency. The city has been long beset by lost jobs, ... continue reading

Criminally unfair? Why disgraced Enron CEO Skilling could see freedom sooner than you think Watch

Image of Get out of jail free - Skilling could go home sooner than you think.

He cost stakeholders more than $60 billion dollars, and now his prison sentence will soon be reduced. Former Enron CEO Jeffrey Skilling, ... continue reading

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China and Japan now hold record amounts of Obama debt Watch

Image of Foreign nations hold a record amount of U.S. debt.

Foreign investors now hold a record amount of U.S. securities and the amount continues to skyrocket. China and Japan lead the way. LOS ... continue reading

Why should Americans play the banking game when the rules are so unfair? Watch

Image of The banking and credit systems have become deliberately burdensome to consumers because it's more profitable to be so.

In the court of public opinion, banks have been losing badly. Ever since the 2008 financial crisis, their billion dollar, taxpayer-funded ... continue reading

Here's what's wrong with the Koch brothers buying the Tribune Watch

Image of What happens when monied interests have control of the media?

America is an illusion of democracy because money rules all. Political causes are successful only if they secure major funding. Likewise, ... continue reading

Worried states consider gold and silver exchanges to protect from Fed policy Watch

Image of In God, and gold we trust.

A dozen states are considering bills that would once again authorize the use of gold and silver coins as legal tender. The move comes as ... continue reading

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