US Is 'Practically Owned' by China: Analyst

The US supremacy as the top world economy will end sooner than many people believe, so gold is a better investment than the dollar despite it hitting a new record, Tom Winnifrith, CEO at financial services firm Rivington Street Holdings, told CNBC.com Monday.

Charting Statistical Fraud At The BLS: 22 Out Of 23 Consecutive Upward Revisions In Initial Jobless Claims

For all those who continue to doubt the statistically quetionable methods of our Labor Department, as well as for all others who mock those who doubt the veracity out of anything coming out of the BLS, the following chart should provide much needed closure. The top section of the chart below demonstrates weekly prior revisions in initial claims for all of 2010.

Ireland nationalises second-biggest bank Allied Irish

• Allied Irish becomes fourth bank to be nationalised • Anglo Irish needs at least €7bn more to survive • News follows huge protests against bank bailouts

Ireland Cancels All Remaining 2010 Bond Auctions Due To Market "Turbulence"

Apparently in Ireland, a global stock market that surges up 10% in a month to celebrate the latest obliteration of the purchasing power of the American middle class is considered "turbulence." This is precisely the excuse given by Irish PM Brian Cowen when asked why he has cancelled all bond auctions for the rest of the year. Surely, the market is buying it. Cowen also added that he doesn't need funds at rates of 6.8 to 6.9%. What is hilarious is that he will need the funds much more in 3 months when the rates are double that, now that the country is openly nationalizing each and every bank, and will fund these "acquisitions" with tens of billions it doesn't have.

Capital controls eyed as global currency wars escalate

Stimulus leaking out of the West's stagnant economies is flooding into emerging markets, playing havoc with their currencies and economies.

US and China battle over the trade policy that dare not speak its name

Last week, America's President Obama and China's President Wen Jiabao met for talks, with Sino-US trade relations high on the agenda. At the moment, the dispute is conducted by what Churchill called jaw-jaw. But before too long, if nothing is done, it will degenerate into trade war-war.

Hedge funds hold Ireland to ransom over Anglo Irish Bank bail-out

Hedge funds are holding the Irish government to ransom over its €30bn (£26bn) bail-out of one of the country's biggest lenders, Anglo Irish Bank.