The FDIC's failed bank list has now officially exceeded 100 institutions for 2009.

In all the talk about bailouts, markets, toxic assets and government intervention heard in the media, none of the pundits or media moghuls have noticed that there isn't a real cure, only band-aid solutions. Let's look at a cure.

Monday, the Business Cycle Dating Committee at the National Bureau of Economic Research (NBER) determined that a U.S. recession is underway and that it began following a December 2007 peak. We predicted it in July 2007. What took them so long?

The prognosis for a positive and quick recovery of the capital and credit markets heard recently on any variety of news outlets is fundamentally, hearsay. The truth, in the end, will prevail, but it’s scary, at best.

Today, former Federal Reserve Chairman Alan Greenspan told the House Committee on Oversight and Reform that our economy is in "in the midst of a once-in-a century credit tsunami."

Yesterday, after extensive deliberation with economists in the United States and Europe, The Epicurus Institute proposed to Congress an alternative to the Paulson Bill, which is now expected to fail once more in the House.

The present economic crisis affecting the Nation will soon become a global economic depression. While few economists are willing to say so, the simple fact is that investor confidence, and indeed interbank confidence is shaken to its foundations.

We've found that the current economic crisis has so many negative components that it justifies a new term: Vorteconomics.

The economy today is in oddly similar conditions to that of 1928-29 before the New York Stock Exchange crash of October 29th, 1929.

Making the choice between one country or another to decide where your company will expand is not an easy task for any business leader. One must weigh issues such as marketshare, costs required to set up your business in that country and so many other factors that it becomes overwhelming.