Source – thefreethoughtproject.com – In spite of French-led U.N. Security Council Resolution 1973 creating a no-fly zone over Libya with the express intent of protecting civilians, one of the over 3,000 new Hillary Clinton emails released by the State Department on New Year’s Eve, contain damning evidence of Western nations using NATO as a tool to…
Source – wakeup-world.com – When I began my research into the many financial and economic issues most of us face today, I, like most, had no idea what the root causes are. I’m talking about the kind of things we all seem to talk about; the things we complain about to each other but grudgingly accept…
Source – thesaker.is – The financial collapse of the United States grows more inevitable, and more obviously so. Thus far during the Obama tenure alone, the formal and declared American debt has doubled, sky-rocketing from 10 trillion to 20 trillion dollars. Estimates of total American debt however, and which include unfunded liabilities, are much higher…
Source – sott.net – The Royal Bank of Scotland is telling clients that 2016 is going to be a “cataclysmic year” and that they should “sell everything”. This sounds like something that you might hear from The Economic Collapse Blog, but up until just recently you would have never expected to get this kind of…
Source – oftwominds.com – In today’s world, the financial meltdown in China has burned straight through the global financial system to the U.S. financial markets: The mainstream financial media is delighted to promote the many links between the U.S. and Chinese economies when the two economies are feeding each other’s expansion in a tightly coupled…
source – theantimedia.org – It was reported last week that Canadian citizens have been cutting their official government money in half and using it as a localized alternative currency. The currency is called “Demi,” which means “half” in french. The Demi currency is being used specifically in the Gaspesie region of northern Quebec and is…
Source – yesmagazine.org – A public health researcher explains why life expectancy in the United States is falling, and it has to do with income inequality rising. Wealth in the United States can buy many things: education, homes, vacations. It can even buy the best doctors and diet, but it can’t buy health. Why not?…
Source – rt.com – America’s wealthiest are saving billions in taxes by routing their money through Bermuda, according to a New York Times (NYT) investigation. Hedge fund magnates Daniel S Loeb, Louis Moore Bacon and Steven A Cohen are among those exploiting a financial loophole to save a fortune through a private tax system, write…
Source – silverdoctors.com – Underneath the surface, trouble is brewing. A new financial crisis has already begun, and it is going to intensify as we head into 2016. And as this new crisis unfolds, one word that you are going to want to listen for is “derivatives”, because they are going to play a major…
Source – strategic-culture.org – The closer of London Gold Fix (LGF) on March 20 is big news. The first London gold fixing was performed in 1919; it had a short way to go till its anniversary. The system of its functioning was simple enough. A number of leading participants started a fixing process to reach…
Source – WakingTimes.com. – “If you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.” –Josiah Stamp Iceland has gained the admiration of populists in recent years by doing that which no other nation in the world…
Source – oftwominds.com – If it takes more than $126,000 to fund a qualitatively defined middle class lifestyle, what sense does it even make to call this “middle”?: The Pew Research Center’s recent report The American Middle Class Is Losing Ground: No longer the majority and falling behind financially made a media splash, as it…
Source – larouchepac.com – Lyndon LaRouche released an warning through an emergency webcast on December 23 2015 identifying five trigger events occurring at the start of 2016 that could soon lead to serious economic problems. Their statement was printed on leaflets and distributed on the streets of Manhattan and other locations across the United States. Lyndon LaRouche is founder…
Source – internationalman.com – The state-owned Bank of China has been ordered by an American court to hand over customer information to the US. The bank has refused to comply, as to do so would violate China’s privacy law. The US court has subsequently ordered the Bank of China to pay a fine of $50,000…
Source – lindamcquaig.com – The Trouble With Billionaires, How the Super-Rich Hijacked the World and How We Can Take It Back (Published in the US under the title BILLIONAIRES’ BALL: Gluttony and Hubris in an Age of Epic Inequality): “A devastating expose of the real-world impact of extreme wealth concentration from two of our most…
Source – theeconomiccollapseblog.com – We Are Witnessing A Race For The Exits Unlike Anything That We Have Seen Since The Great Financial Crash Of 2008, And Many Of Those That Choose To Hesitate Are Going To End Up Getting Totally Wiped Out: Just within the past few days, three major high yield funds have completely…
Source – gallup.com – Net Number of New U.S. Firms Plummets: Business startups outpaced business failures by about 100,000 per year until 2008. But in the past six years, that number suddenly reversed, and the net number of U.S. startups versus closures is minus 70,000: The U.S. now ranks not first, not second, not third, but…
Source – journal-neo.org – Russia’s Dollar Exit Takes Major New Step: For some time both China and the Russian Federation have understood, as do other nations, that the role of the US dollar as the world’s major reserve currency is their economic Achilles Heel. So long as Washington and Wall Street control the dollar, and…
Source – news.nationalpost.com – Finland’s government is drawing up plans to pay every citizen a basic income of euros 800 ($1,165) each month, scrapping benefits altogether. Under proposals drafted by the Finnish Social Insurance Institution (Kela), the tax-free payments would replace all other benefit payments, and would be paid to all adults regardless of whether…
Source – washingtonsblog.com – In addition, the $700 billion 2008 bailout was just one aspect of the government’s ongoing bailouts of the too big to fail banks. A leading banking analyst says that the giant banks are receiving $780 billion dollars each and every year through various types of hidden bailouts: CNN headlines, “Fed Ends…
Source – blacklistednews.com – The first shot in the War on Cash?” The headline caught our attention. We’d just finished researching and writing about the “Deep State” for the latest issue of our monthly publication, The Bill Bonner Letter. This is something you’re likely to hear more about. The Deep State describes the way the U.S.…
Source – bloomberg.com – Knighthead, Candlewood, Mudrick hedge funds under pressure `It wasn’t just energy,’ one manager says as funds fall 5% It’s mid-November, but for investors who trade in the debt of distressed companies, the year’s already done — and they lost. Hedge funds that specialize in the debt are grappling with their worst…
Source – sprottmoney.com – This is a commentary which should never have needed to be written. What is euphemistically called “fractional-reserve banking” is obvious fraud, and obvious crime. By its very definition, it transforms the banking sector of an economy into a leveraged Ponzi-scheme, and as with all Ponzi-schemes, there is no possible “happy ending”…
Source – constantinereport.com – Family dynasty behind BMW admits to using 50,000 slave labourers during Nazi era Magda Goebbels’ descendants own a 46.7 per cent stake in BMW Her son from a previous marriage, Harald Quandt, inherited a huge fortune German family are now the richest in Germany, overtaking Aldi’s owners Harald was the only…
Source – wakingtimes.com – Similar to the end of feudalism hundreds of years ago, is capitalism to be replaced by a new type of social infrastructure and an emergence of a new kind of human being? Many believe that the much-needed shift has already started, as the message that capitalism is not working becomes louder and…
Source – techworm.net – Close on the heels of the perpetrators of the gruesome attacks on innocent bystanders in Paris, GhostSec has said that ISIS terrorists are owners of a massive bitcoin wallet worth $3 million. Many analysts have been questioning the source of finances for ISIS efforts. Some have pointed to ISIS extortion rackets and ransom…
Source – caseyresearch.com – Central planners around the world are waging a War on Cash. In just the last few years: Italy made cash transactions over €1,000 illegal; Switzerland proposed banning cash payments in excess of 100,000 francs; Russia banned cash transactions over $10,000; Spain banned cash transactions over €2,500; Mexico made cash payments of…
Source – economicprism.com – The general suspicion that something just ain’t right with the economy has become an obvious reality. Hope and optimism that somehow things will muddle along, or improve, are fading. You can see it, feel it, and even smell it. For example, several new data points were revealed Friday. Each offered further…
Source – shadowproof.com, By Dan Wright – On Tuesday, Neel Kashkari, the former head of Troubled Asset Relief Program (TARP), was named the next president of the Federal Reserve Bank of Minneapolis. Kashkari will assume office in January. His position also grants him a seat on the central most committee in the Federal Reserve system,…
Source – yesmagazine.org – A “Jubilee” initiative in Cincinnati aims to wipe out the debts of the city’s poorest people. Theologian Walter Brueggemann explains the idea’s biblical foundations: Cincinnati, Ohio, is among the fastest growing cities in the Midwest. It hosts corporate giants like Procter & Gamble and Kroger, and some of its close-in neighborhoods…
Source – robertreich.org – Anger and frustration felt by hard-working people who have seen their wages and job security steadily diminish is fueling a populist revolt against the political establishment: ‘When Americans think of how the economic rules are stacked against them, they naturally think of Wall Street.’ The standard explanation for why average working…
Source – phoenixcapitalmarketing.com – As we have been noting, the “collapse/ bail-in” formula first implemented by Cyprus in dealing with bank crises has been embraced as a template by global elites. For those of you who are new to this, the timeline in Cyprus is as follows: · June 25, 2012: Cyprus formally…
Source – businessinsider.com – Sweden is shaping up to be the first country to plunge its citizens into a fascinating — and terrifying — economic experiment: negative interest rates in a cashless society. The Swedish central bank held its benchmark interest rate at -0.35% today, the level it has been at since July. Although retail…
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