Investing legend Jim Rogers: “They’re going to take our bank accounts and retirement accounts.” 

 

The banking giant with insider connections to the Fed is facing a new scandal, on the heels of its $6.2 billion "London Whale" losses and its malfeasance in the mortgage meltdown crisis.

The Atlantic magazine derided a series of economic studies estimating "unfunded liabilities" facing the United States at between $38 trillion and $200 trillion, determining through simplistic assumptions that U.S. liabilities are not a problem. 

The federal court ruling that bitcoins are money is just one more step toward full and wide acceptance of the digital currency as an alternative to Federal Reserve Notes and other fiat currencies.

Tom Eddlem, writer for The New American, gives a contrast between Australia's economy and that of the United States, covering such factors as national debt, savings, and interest rates.