Source – oftwominds.com – “….Entrenched, self-serving elites are protected from the disastrous consequences of their policies and self-serving greed. In Taleb’s terminology, they have no skin in the game: policies can be complete failures but nobody’s fired, and nobody’s pay is cut” Why Everything That Needs to Be Fixed Remains Permanently Broken – By Charles Hugh…
Source – Alt-Market.com – “…We are encouraged to box with our own shadows, to produce for the system but not for ourselves, to struggle for minimal gains spent haphazardly on meaningless objectives, to fight with each other for scraps while remaining blind to the enormous parasites attached to our backs” The Psychological Warfare Behind Economic Collapse…
Source – truthdig.com – “…If you really want to grasp what’s been happening, consider that, between 2009 and 2017, the number of billionaires whose combined wealth was greater than that of the world’s poorest 50% fell from 380 to just eight” The World Is Now the Property of the 1 Percent – By Nomi Prins As we head…
Source – oftwominds.com – “…Our crisis isn’t just political—it’s structural…the organizations that dominate our economy—centralized corporations and government—become destined to fail. We see this failure in both the soaring inequality that has hollowed out the American Dream as well as in the rising tide of social and political disunity” Neofeudalism Isn’t a Flaw of the…
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 – 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 – 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…
