Financial News Update – 01/05/11

Republicans Charge Harry Reid Power Grab on Filibuster (Hat Tip: Brian B.)

Pelosi: ‘Deficit Reduction has Been Our Mantra’

Too big to fail lockheed martin’s “got their fingers everywhere” says author. (Hat Tip: Brian B.)

Look who wants 500% bump in funding for government media (Hat Tip: Jean Stoner)

Bachmann to introduce bill repealing Wall Street reform (Hat Tip: Jean Stoner)

Rep. Peter King: ‘I Have Nothing But Contempt for the NY Times. They Should Be Indicted for Espionage’ (Hat Tip: Nancy Jacques)

Obamacare stops construction at 45 physician owned hospitals nationwide (Hat Tip: Nancy Jacques)

Centrist Dems caught in middle of health care fight

Gas Prices Back Above $3, Networks Don’t Question Obama Policies

Pentagon cuts to reflect Gates, White House tussle

Bullion’s Plunge More Painful with Dow on the Rise

Barron’s: US Will See Run on Treasurys, Hyperinflation

Goldman Circumvents the Rules

Morning Bell: Tea Party Congress Returns to Constitution

Dodd-Frank Already Failing Consumers

The Return of the Forgotten Man?

Texas Leading Way on Nuclear Energy Revival

AMHERST SECURITIES: The Mortgage Loan Problem Is Much Worse Than You Think

Shell And BP Can’t Stand Being Small — Now They’re Thinking Of Merging

Japan Is Becoming The First Major Casualty Of The Currency War

19 Democrats vote against Pelosi


In House, Battle Over Government’s Role

MORE PUMPING: Feds Says Recovery Not Strong Enough to Alter Stimulus

Police Use GPS In Stolen Cell Phone To Track Down Robbery Suspect

World Food Prices Rise to Record on Sugar, Meat Costs

Commodities outlook: $100 oil and $1,500 gold

DOLLAR FADE: World Bank issues 1st yuan bonds in Hong Kong

…pushing use of Chinese currency in international markets

REPORT: China eyes preemptive nuclear attack in event of crisis

FACEBOOK Deal Spurs SEC Review

New York’s Cuomo Freezes Wages, Taxes in Plan to Close Deficit

Fear `Mindless’ U.S. Deficit Spending, Pimco’s Gross Says

Chicago on the Potomac

Harry Reid: Americans Love Government!

In The Future You May Not Be Able To Provide The Basics For Your Family Even If Everyone In Your Family Has A Job

Everything Is Falling Apart: 20 Facts That You Will Not Want To Read If You Still Want To Feel Good About America’s Decaying Infrastructure

Beck Explains Why He Supports Raising the Debt Ceiling

Obama Admin. Kills ‘End-of-Life-Counseling’

Socialized Medicine Epiphany: Universal Healthcare Questioned by….Rosie O’Donnell?

Rush: Dead Arkansas Birds Hit the Debt Ceiling

God Tells Pat Robertson: Currency Collapse Coming but Not Nuclear War

Bank Of America Just Admitted That Its Fannie And Freddie Settlement Was A Bailout

Food Prices Just Hit An All Time High

GREAT NEWS: Banks Cooking Up New Ways To Screw You


This could happen in America, too!: European nations begin seizing private pensions. Mark my words. I predict that the politicians and policy wonks will say: “Nationalizing the IRAs and 401(k)s is the only thing that will save Social Security.” Oh, but they’ll probably call he whole socialist scheme “privatizing”, to sugar coat it.

I noticed that silver took a dip on Tuesday morning. In a long term bull market, you should watch the tickers closely and buy on the dip days!

George Soros: The United States Must Stop Resisting The Orderly Decline Of The Dollar, The Coming Global Currency And The New World Order

Pinch those pennies: To Boost Your Finances, Sweat the Small Stuff in 2011.

TARP deadbeats pose major problems

“Crash Taxes” Show the Desperation of US Government Workers

Stocks Start 2011 with a Big Lift

Oil Prices Start the New Year at a 26-Month High

Hiding A Depression: How The US Government Does It

European Debt Markets “Face Second Debt Crisis”

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