Obama has only been in office for a couple of weeks, yet he has destroyed the system that countless Americans have fought and died for. The Civil War ended slavery. What will it take to end the new administration’s freedom-destroying laws?

Contrary to the common misconception, we have no energy shortage. In fact, we have more energy available than we could ever use.

It wasn’t too long ago that a bad bank just meant one with long lines, rude tellers and high fees. But times are changing and the definition today is completely different.

Byron King from Whiskey and Gunpowder thinks that we’ll see huge market declines in part because of a huge drop in consumer spending. As volatility increases and faith for the U.S. dollar circles the drain, two gold companies should soar.

European shares gain for third consecutive session… Euro up against dollar, yen as risk aversion ebbs …  SPDR Gold Trust ETF, iShares silver ETF at record

As I write, I’m here at The Oxford Club chapter meeting at the Intercontinental Hotel in Managua.  When we’re not eating tortillas and sipping margaritas, my colleagues and I – along with about 60 Oxford Club members – are surveying the global economy, making assessments about what lies ahead for world stock and bond markets.

On several occasions of late, I have read or heard the phrase, “We are all Keynesians now,” an erudite way of expressing the idea that the free market is dead. And that the fate of the global economy now relies almost entirely on pragmatic measures yet to be taken by governments, most notably that of the United States.

Who knew that oil, once the pariah of the western world, would have such a positive role in the Obama’ Administration. Senator Clinton couldn’t have asked for a better ally. Oil is bringing America’s strongest enemies to their knees and reminding Europe why Russia isn’t such a great neighbor after all.

A few weeks ago, when the U.S. Federal Reserve announced a strategy designed to bring down long-term interest and home mortgage rates through unlimited Treasury bond purchases, government debt staged a spectacular rally.

Retail Jobs are cut in December! …  Dollar rallies on renewed Trading Theme…  Looking for the Obama bounce…  High yielders get sold… And Now… Today’s Pfennig!