Source – theeventchronicle.com – “…Catherine goes into great detail about the over 21 Trillion in Missing Money from the Department of Defense (DOD) and the US Housing and Urban Development (HUD). The money has been disappearing over the course of two decades through a mysterious process called ‘Undocumented Adjustments.” The forces behind the money drain…
Source – globalresearch.ca – “…Any dictionary will offer a simple definition of ‘sanity’ along the lines of ‘soundness of judgment or reason’ and ‘the ability to think and speak in a reasonable way and to behave normally’. But if we use this definition of sanity then, obviously, ‘sanity’ must be interpreted to mean that it…
Source – davidstockmanscontracorner.com – “…Contra Corner website (http://davidstockmanscontracorner.com) is a daily must-read for anyone interested in the truth about our rigged economy” – David Stockman is our guest this week in the first of a two-part interview. He is also speaking at our Mises Circle event in Stamford, Connecticut, next week, along with Jim Grant…
Source – heraldscotland.com – The Vatican’s bank, the Institute for Works of Religion (the IOR), acquired a sulphurous reputation in the 1970s when its American head, Archbishop Paul Marcinkus, went into business first with Michele Sindona, a Cosa Nostra-linked financier who would end up convicted of bankruptcy and murder, and then Roberto Calvi, who would…
Source – stuartjeannebramhall.com – “… The banksters crash the economy, you lose income and your home, they buy your house at auction, then they rent it to you at an ever-increasing price. The “new way” is the same old story: The rich robbing the rest of us”: What Happened to All Those Foreclosed Houses? – By…
Source – oftwominds.com – “…Globally, housing has become a flight-to-safety asset for the global elites, a development with disastrous consequences for residents. Housing owned for investment often sits empty, effectively withdrawing much-needed housing units from the market for shelter. This investment buying reduces the pool of available housing, driving up rents and home prices, pushing…
Source – dailyreckoning.com – “…The Federal budget is a Fiscal Doomsday Machine. The depository of American wars and entitlements have run rampant. Under the pile drivers of a global empire and the retiring baby boom, it is rapidly propelling the nation toward fiscal catastrophe. That grim outcome is virtually guaranteed if the only remaining safety…
Source – golemxiv.co.uk – “… Instead of being at war with the wealthy and the managers of our wealth, why not work with us? Leave wealth with those who ‘have earned it’ they would say. Leave it with those who know how to manage it, how to make it grow and give a healthy return.…
Source – mises.org – “…As an extreme example, take the extraordinary success of Evangeline Adams, a turn-of-the-20th-century astrologer whose clients included the president of Prudential Insurance, two presidents of the New York Stock Exchange, the steel magnate Charles M Schwab, and the banker J P Morgan. To understand why titans of finance would consult Adams…
Source – geopolitics.co – “…These are the same people who in 2008 promised rapid and robust recovery from QE and ZIRP programs that didn’t happen. What happened was an unprecedented acceleration in financial asset markets as equity and bond prices surged for eight years, high end real estate prices rose to prior levels, derivatives boomed,…
Source – oftwominds.com – “..Put another way–if our faith in the future and our resilience is near-zero, then we can’t take any chances. We are restricted to taking only the safest path, even if it means foregoing all the really big gains that are reserved for those willing to accept some risk”: Why We’re So…
Source – globalresearch.ca – “…Since the 99% in debt to the hilt have been squeezed dry, while the 1% have made this planet nearly unlivable as the only ones filthily richly profiting from their plundering this earth, the transnationals are the sole entities with the financial capital and means to clean up the very mess…
Source – shtfplan.com – “… The investment arms of wealthy nations are pulling out of the stock market and out of companies in their own economies (developed economy equities), and putting their money into assets that can be quickly turned into cash. It’s practically an admission by the elites, that they think the economy is…
Source – theeconomiccollapseblog.com – “…Our financial markets are far more primed for a crash than they were in 2008…The only times in our entire history that are even comparable are the late 1920s just before the infamous crash of 1929 and the late 1990s just before the dotcom bubble burst”: Total Government And Personal Debt…
Source – truth-out.org – “…The term “imperialism” the arrangement that the capitalist system sets up for imposing income deflation on the working population of the Third World for countering the threat of inflation that would otherwise erode the value of money in the metropolis and make the system unviable. “Imperialism” in this sense characterizes both…
Source – strategic-culture.org – “…Obama also had come into office in 2009 hoping to overthrow Syria’s President Bashar al-Assad, because, ever since at least 1949, the U.S.-Saudi oil company Aramco was trying to be allowed to build through Syria pipelines for Saudi oil and Qatari gas into the EU so as to grab that energy-market away from…
Source – riggedgame.blog – “…Now ask yourself this. The entire world GDP was only $75.6 trillion in nominal terms for 2016 according to the World Bank. What is just one U.S. bank holding company, Citigroup, doing with 72 percent of total world GDP in derivatives?: Why Wall Street Should Be Viewed as a Major National Threat…
Source – theburningplatform.com – On October 2 the BLS reported absolutely atrocious employment data, with virtually no job growth other than the phantom jobs added by the fantastically wrong Birth/Death adjustment for all those new businesses springing up around the country. The MSM couldn’t even spin it in a positive manner, as the previous two…
Source – revealnews.org – “…Decades ago, the federal government relinquished direct control of the student loan program, opening its bank to corporations concerned with profits, not diplomas. Private equity companies and Wall Street banks seized on the flow of federal loan dollars by peddling loans that students sometimes could not afford and then collecting fees…
Source – ellenbrown.com – “…A government oppressed by “sovereign” debt is not really sovereign. A sovereign government has the power to issue money and need not go into debt at all. But EU member governments have lost that sovereign power. They are unable to issue their own money or borrow money issued by their own…
Source – hendersonlefthook.wordpress.com – “…Dick Cheney was now Halliburton Chairman and CEO. Cheney now struck a more business-like tone, cutting oil deals with Saddam Hussein. According to the Financial Times, from 1998-2000 Halliburton did nearly $24 million in business selling oil drilling equipment and services to Iraq. Cheney & Company circumvented the US embargo by…
Source – phoenixcapitalresearch.com – “…In the history of the stock market, it has only traded at a richer valuation during one period – June 1997 to September 2001 – as the dotcom farce blew and burst”: Are Central Banks Getting Ready to Crash the System Again? While investors pile into Tech Stocks based on endless…
Source – commondreams.org – “…In 2016 alone, the richest 1% effectively shifted nearly $4 trillion in wealth away from the rest of the nation to themselves, with nearly half of the wealth transfer ($1.94 trillion) coming from the nation’s poorest 90%—the middle and lower classes. That’s over $17,000 in housing and savings per lower-to-middle-class household lost to the super-rich”: Now Just Five Men Own…
Source – alt-market.com – “…This farce in stocks could not succeed for so many years without help. I would say the real “shoe shine boys” of our era are actually the dullards in the mainstream financial media, stabbing in the dark and desperate to believe that the astonishing “recovery” since 2009 is real”: Peak Economic…
Source – economicprism.com – “…The problem, of course, is that U.S. consumer debt has gone parabolic since early 2009. Student loans, auto loans, and credit card debt has all recklessly piled up to dizzying heights. In reality, U.S. consumers have borrowed much more – nearly $13 trillion – than they can ever pay back”: Meet…
Source – yvesengler.com – “…Auto interests have pocketed stupendous profits over the past century they’ve also pushed to socialize huge amounts of urban land…simply put, cars need roads and the state must pay for them; otherwise most of us would still be riding public transit because an unsubsidized private automobile would be too expensive and…
Source – cluborlov.blogspot.ca – “…The Earth is a petri dish populated with various strains of collapse—or a collapse soup, if you will. It is an open-air collapse laboratory running many uncontrolled collapse-related experiments at the same time”: Collapse Mitigation Strategies – By Dimitri Orlov Almost a decade ago I wrote an article in which I…
Source – charleshughsmith.blogspot.ca – “…The debt-asset bubble supernova consumes all the available fuel and implodes. I’ve employed the supernova analogy for many years, as it captures the expansion of debt and asset valuations and the resulting collapse once all the fuel in the system (i.e. earnings and real collateral) has been consumed”: Will the Crazy Global…
Source – oftwominds.com – “…Building bridges to nowhere and creating money from thin air to buy stocks and bonds only appears sustainable because the risks and imbalances are piling up out of sight. Eventually the “perfect balance” between deflation and inflation tips one way or the other, and a systemic crisis “nobody saw coming” unfolds”:…
Source – sprottmoney.com – “…The Top 0.1% create our “bubbles”, and they create our “crashes”, and they do so solely for their own, personal profit – heedless of the millions of lives which they damage and destroy with each of their cycles-of-crime. We already had proof that they created the bubbles. Their #1 henchman, B.S.…
Source – counterpunch.org – The West Is Traveling The Road To Economic Ruin – By Paul Craig Roberts: Michael Hudson is the best economist in the world. Indeed, I could almost say that he is the only economist in the world. Almost all of the rest are neoliberals, who are not economists but shills for…
Source – theeconomiccollapseblog.com – “…The hard fact is that the past decade’s $10 trillion in deficit spending has produced the worst economic growth as measured by Gross Domestic Product in our nation’s history. You read that right, in the past decade our nation’s economy grew slower than even during the Great Depression”: Over The Last…
Source – phoenixcapitalmarketing.com – “…Our view is that the auto-loan industry is Subprime 2.0: the riskiest, worst area in a massive debt bubble, much as subprime mortgage lending was the riskiest worst part of the housing bubble.In both instances, these lending industries were rife with fraud, terrible due diligence, and the like. So when the…
Source – cluborlov.blogspot.ca – “…Thus, the phenomenon that has allowed per capita energy use to set some modest new records has produced an Olduvai plateau, which will be followed by an even steeper Olduvai cliff once this scheme, essentially one of attempting to borrow against the collateral of a nonexistent future, eventually fails. This moment…
Source – oftwominds.com – “…There’s no Plan B for a state-corporate form of central-planning capitalism that is no longer functioning. The only policies available are the “emergency” ones that are now permanent life-support systems of our failed global economies”: ‘State of Denial’, The Economy No Longer Works As It Did in the Past – By…
