Source – marketwatch.com – “…With a trio of such choppy trading days, according to Dow Jones data. That was the two-day period before and immediately following the assassination of President John F. Kennedy in November 1963, Dow Jones data show”: (Wall Street’s ‘Fear Gauge’ Shows It’s About To Get Wild In The Stock Market) Volatility…
Source – newstarget.com – “…The IMF now says the country has managed to achieve economic recovery—”without compromising its welfare model,” which includes universal healthcare and education. In fact, Iceland is on track to become the first European country that suffered in the financial meltdown to “surpass its pre-crisis peak of economic output“: (Iceland’s economy has…
Source – thesaker.is – “…Today, the “wants” of the 1% and the ruling elite that serve them, is deeply cutting into both the wants and the needs of the peoples of the countries in the West. The elites are beginning to see that looting the other parts of the World just isn’t enough for them…
Source – globalresearch.ca – “…In the current phase of global capitalism, the most striking socio-economic dynamics are located in the deepening intra-capitalist conflicts between regions, nations and among segments of the capitalist class. The ideologues of capitalist globalization and regional integration are finally exposed as false prophets”: I{nter-Capitalist Rivalries and Political Rebellion against the US…
Source – acting-man.com – “…Even profitable innovations can destroy wealth as well as create it – Crack cocaine and television, for example, have probably cost the nation a trillion dollars of real output. Are Facebook and Snapchat much different? As in any other service industry, money passes from one person to another. But is wealth…
Source – gizadeathstar.com – “…Of course, the Trudeaus have a “family history” of not being entirely pro-USA, but perhaps that crazy Bilderberger scheme from a few years back to detach the entire province of Quebec from Canada and annex it to the USA might have something to do with Canadian caution about its “neighbor” to…
Source – bawerk.net – “…Our dire prediction for the future is simply one where the confluence of a struggling middle class and politics jointly forces through some sort of structural change. These usually makes things much worse before the system reset toward a more sustainable path”: (Why A Crisis Is Coming—–Two Charts Which Explain It…
Source – occupy.com – “…Capitalists who invested in Nazi Germany were lucratively rewarded. Nazi economic policies provided higher returns compared to the U.S. and other large nations during the period. The concept of “privatization” itself traces back to Nazi Germany…Many current household brands gained directly from the Nazi state and the Holocaust, including Volkswagen, Siemens, Bayer and…
Source – milesfranklin.com – “…Europe’s dying – or better put, dead – banking system. Which I assure you, is just getting started on the “Road to Perdition” that will destroy the savings of millions of Europeans in the coming years. Deutsche Bank, whose stock appears primed to enter a “Lehman death spiral” at any time,…
Source – journal-neo.org – “…Today, as we see resources grow more and more scarce, as economies struggle, the “margins” of profit for these billionaires tighten. Growth, the American Dream, they are no longer possible without squeezing more from those at the bottom of the economic pyramid”: (To Preserve the American Way There Must Be War…
Source – globalresearch.ca – “…Today’s elites of global capitalism “are becoming a trans-global community of peers who have more in common with one another than with their countrymen back home,” writes Chrystia Freeland, Global Editor of Reuters, who travels with the elites to many parts of the world. “Whether they maintain primary residences in New…
Source – paulcraigroberts.org – “…Real economists, if there were any, looking at the real economic picture would see an economy collapsing into widespread debt deflation and impoverishment. Debt deflation is when consumers after they service their debts have no discretionary income left with which to drive the economy with purchases. The reason that Americans have no…
Source – zerohedge.com – “…The Cantillon effect – It amounts to a wealth transfer from the poorest in society, the unskilled workers, pensioners and small savers, to the government and its agents. Bankers, licensed to produce credit out of thin air at no cost, thrive. The second receivers, the businesses that benefit from bank credit…
Source – geopolitics.co – “…Seeing how the West blew out its chance of creating a world of prosperity and abundance for all, and instead misused its knowledge of science for plunging the world in a constant state of war, the higly marginalized Eastern economies decided to form an alliance that would neutralize the growing forces…
Source – themillenniumreport.com – “…Initial measures have been taken to insure a not-so-hard landing when the Federal Reserve Note will be retired out of circulation, being replaced by notes printed and backed solely by the U.S. Treasury”: (New U.S. Currency Already in Our Money Supply [ALERT!] “Patriots may want to switch out their old FRNs for…
Source – forbes.com – “…There have always been funny-money promoters. The philosopher Plato, in The Laws (360 B.C.), suggested a government-controlled fiat coinage probably made of iron. Ownership of gold and silver would be made illegal, and exchange rates with the gold and silver coinages of other Greek states would be set by government decree.…
Source – zerohedge.com – “…The rise of populism in America is a byproduct of inflationary policies that have helped trigger a dramatic increase in consumer debt, declining real wages and rising prices for food and housing since 1999”: (The Real Reason Behind The Surge In Populist Anger: Central Banks) In the din of the relentless…
Source – oftwominds.com – ‘…A society that has fragmented into a media-fed cultural war of hot-button identity-gender-religious politics is a society that is incapable of resisting concentrations of power and wealth in the hands of the few at the expense of the many”: (Social Fragmentation Suits the Powers That Be – By Charles Hugh Smith)…
Source – http://www.acting-man.com/?p=45944 – “…The new money substitute, which we’ve lived with for 45 years, is a fraud. A dollar in 1971 is worth about 17 cents today. In other words, it has lost roughly 80% of its buying power. The phony dollar has misled an entire generation into spending money it didn’t really have……
Source – bullfax.com – “…The three “pillars” of the latest dead cat bounce in the housing market. Recall: “the REO-to-Rental subsidized investment program, which led to an epic surge in demand for multi-family housing, i.e., rental, units was, together with offshore investors parking their cash in the US for safekeeping (taking advantage of the NAR’s…
Source – alhambrapartners.com – “… It is amazing in only two presidential cycles just how far it has come. The last Republican President was committed to Too Big To Fail. That idea was birthed under cyclicality, where the Great Recession would be kept to a recession if Ben Bernanke and Hank Paulson got what they…
Source – acting-man.com – “…In 1971, Nixon ended the direct convertibility of the U.S. dollar to gold. The post-1971 dollar looked for all the world like the pre-1971 dollar. But it was an imposter. A fraud. It no longer represented real wealth or real savings”: (How the “Faux Dollar” Destroyed Capitalism – By Bill Bonner)…
Source – “…Just when you thought Wall Street’s heist of the U.S. financial system couldn’t get any crazier, along comes a regulator’s report on FDIC-insured banks exposure to derivatives. According to the Office of the Comptroller of the Currency (OCC), one of the regulators of national banks, as of June 30 of this year, Goldman Sachs Bank…
Source – davidstockmanscontracorner.com – “…“If one does not terminate the expansionist policy in time by a return to balanced budgets, by abstaining from government borrowing, and by letting the market determine the height of interest rates, one chooses the German way of 1923”: (‘Race to the Bottom’, Injuring the Real Economy with Paper “Wealth” -By…
Source – zerohedge.com – “…Economists have used the term ‘helicopter money’ to refer to two very different policies. The first set of policies emphasizes the ‘permanent’ monetization of budget deficits.[1] The second set of policies involves the central bank making direct transfers to the private sector financed with base money, without the direct involvement of…
Source – thegreatrecession.info – “..Why are banksters and politicians taking this beggar-thy-neighbor approach by pointing out how bad other European banks are — the Frenchy pointing at Italy, the Italian pointing at Germany? Statements like “Our own banks are so bad they need immediate bailouts, but they’re only a hundredth as bad as yours” are not…
Source – fort-russ.com – “…To this end, the plan gave Germany a large loan of $200 million, half of which was accounted for by JP Morgan. While the Anglo-American banks gained control not only over the transfer of German payments, but also for the budget, the system of monetary circulation and to a large extent…
Source – visualcapitalist.com – “…If the deaths of Lehman Brothers and Bear Stearns were quick and painless, the coming demise of Deutsche Bank has been long, drawn out, and painful…comparable in size to Goldman Sachs, JP Morgan, Bank of America, and Citigroup. However, unlike those other names, Deutsche Bank has been walking wounded since the…
Source – thefreethoughtproject.com – “…The global banking industry is entirely dependent on centralization of power to keep their balance sheets in order as their model requires a controlled economy. However, as Brexit has already shown, this model is not in the interests of the people. As nations continue to declare their independence, the cartel will…
Source – zerohedge.com – “…Financial markets worldwide are likely to remain in turmoil as the long, complicated process of political and economic divorce from the EU is negotiated. The consequences for the real economy will be comparable only to the financial crisis of 2007-2008”: (George Soros: “Brexit Makes EU Disintegration Irreversible”) Just four days ago,…
Source – https://stuartjeannebramhall.com – “…Sociologist Karl Polanyi’s 1944 book The Great Transformation – The latter describes a historical system similar to Nixon’s proposed basic income: the Speenhamland system enacted in 1795 to alleviate rural poverty in Britain. In addition to summarizing a Royal Commission Report highlighting Speenhamland’s adverse effects on both the poor and the community,…
Source – davidstockmanscontracorner.com – “…To the contrary, honest free markets would actually sell the stock of corporate strip-miners, not encourage them to hit the buyback lever again and again, as do the Fed-subsidized gamblers in the fast money lanes”: (The Fed’s Third Mandate And The Destruction Of Honest Finance, Part 1 – by David Stockman) California Rep. Edward Royce had…
Source – theatlantic.com – “… Brad Klontz, a financial psychologist who teaches at Creighton University in Omaha, Nebraska, and ministers to individuals with financial issues (states) “Much more likely.” America is a country, as Donald Trump has reminded us, of winners and losers, alphas and weaklings. To struggle financially is a source of shame, a…
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