Britannia Radio

Fed Beaten
Bill To Audit Federal Reserve Passes Key Hurdle

By Ryan Grim 

In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried last-minute lobbying from top Fed officials and the surprise opposition of Chairman Barney Frank (D-Mass.), who had previously been a supporter. Continue

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The Great Stimulus Debate of '09 

"Crybabies need not apply" 

By Mike Whitney 

Barack Obama has decided to push the economy back into recession, and no one can figure out why. Perhaps the impressionable Obama has come under the spell of the deficit hawks and crystal gazers who see Armageddon around every corner. Continue

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The Pending Collapse Of The U.S.A.

By Timothy V. Gatto

The truth that most people realize but can’t openly talk about is that America has seen better days and that the system of capitalism has long outlived its usefulness. Continue

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Economic Crisis Is Getting Bloody

Violent Deaths Are Now Following Evictions, Foreclosures and Job Losses

By Nick Turse

Despite ever rosier economic predictions and a surging stock market, the body count from the economic crisis is destined only to grow in the weeks and months ahead. Continue

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Get Out Of My Country

This is a must listen - Interview With Malalai Joya

A lone Afghan woman is making her way across to Canada arguing that our troops and all foreign forces should get out. Continue

Pentagon budget must rise to fund current plans: An average of $567 billion would be needed annually, in constant 2010 dollars, from 2011 to 2028, not including any war funding, the nonpartisan Congressional Budget Office estimated.

Panel votes to audit the Fed; cap its spending at $4 trillion: A key congressional panel on Thursday approved legislation introduced by the Texas congressman Rep. Ron Paul, that - for the first time in the central bank's 95-year-history -- would require government audits of Federal Reserve monetary policy, as well as how much the central bank has lent and will lend to specific banks.

In case you missed it: Priceless: How The Federal Reserve Bought The Economics Profession: The Federal Reserve, through its extensive network of consultants, visiting scholars, alumni and staff economists, so thoroughly dominates the field of economics that real criticism of the central bank has become a career liability for members of the profession

Problem mortgages hit new high at 14 percent: More than 14 percent of borrowers were in trouble on their mortgage during the third quarter, a new record, according to an industry survey released Thursday

How many delinquencies are on new mortgages?: Mortgage delinquencies keep rising and are now occurring in a huge way among borrowers who had been rated good credit risks. Just about every category of mortgages gone bad hit a new record in the third quarter, according to the Mortgage Bankers Association.

New wave of foreclosures lurks as defaults pile up: Unless foreclosure modification efforts begin succeeding on a permanent basis - a scenario that many analysts think is unlikely - millions more foreclosed homes will come to market.

Nearly 10% of Texans running late on home loans, survey finds: More than a quarter of Nevada's homes with mortgages are delinquent or in foreclosure, the Mortgage Bankers' survey found.

Banks face major commercial real estate storm: Sooner or later, office buildings and other commercial real estate financed during the credit bubble will generate hurricane-scale losses for banks.

Hacked: Sensitive Documents Lifted from Hadley Climate Center: The whole affair has much of the blogosphere alight. Blogs skeptical of man-made global warming see blood in the water.

Climategate: the final nail in the coffin of 'Anthropogenic Global Warming'?: The conspiracy behind the Anthropogenic Global Warming myth (aka AGW; aka ManBearPig) has been suddenly, brutally and quite deliciously exposed after a hacker broke into the computers at the University of East Anglia’s Climate Research Unit (aka Hadley )