Source – tomdispatch.com – “…Wall Street glistened as the new Promised Land, while few noticed that those angels dancing on the head of a pin were really witchdoctors with MBAs brewing voodoo magic. The greed of the Gordon Gekkos — once considered a vice — was transformed into a virtue. One of the high priests…
Source – secularinvestor.com – “…What if gold is going to replace government bonds as a safe asset? What if banks, insurance companies, hedge funds, billionaire want gold as a safe haven instead of bonds. This isn’t something people are talking about, this isn’t something that can come true … BUT so where negative interest rates”:…
Source – stuartjeannebramhall.com – “…New generation of Russian capitalists bought a majority of their vouchers from poverty-stricken Russians, concentrating wealth and power in a few hands. Many stripped their newly-acquired companies of assets in order to enrich themselves, greatly stunting investment and growth, according to Nobel Prize winning economist Joseph Stiglitz”: (How the Soviet Collapse…
Source – theeconomiccollapseblog.com – “…Since the turn of the century, we have lost more than 50,000 manufacturing facilities. Meanwhile, tens of thousands of gleaming new factories have been erected in places like China – Does anyone else see something wrong with this picture?: (From An Industrial Economy To A Paper Economy – The Stunning Decline…
Source – theautomaticearth.com – “…As momentum builds in the developing deflationary spiral, we are seeing increasingly desperate measures to keep the global credit ponzi scheme from its inevitable conclusion. Credit bubbles are dynamic — they must grow continually or implode – Past a certain point, there are hard limits to financial expansions, and the global…
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 – zerohedge.com – “…How long can this go on? In the history of the Western world, inflating your way out of this kind of a problem taken to its extreme, to use the Weimar Republic as an example, people went grocery shopping with wheelbarrows full of currency… it isn’t that the dollar got stronger.…
Source – oftwominds.com – “…This blowing new bubbles to replace the ones that popped works for a while, but at the expense of systemic stability. Each new bubble requires pushing the system to new extremes that increase the risk of instability and collapse – In other words, the stability of the new bubble is temporary…
Source – zerohedge.com – “…But that when the US economy slides into the next sharp recession, no less than $4 trillion in QE will be needed to stabilize the economy, bringing the Fed’s total holdings of government bonds to well over 30%. And with that in mind, we look forward to what “upside rate hike…
Source – ragingbullshit.com – “…The revelation of a $6.5 trillion Army bookkeeping disaster is but a symptom. A Presidential race pitting Democrat Hillary Clinton against Republican Donald Trump is but a symptom. A nation that spends on wars everywhere in the world while ignoring its domestic infrastructure decay whose proper rehabilitation would cost an estimated…
Source – undergroundreporter.org – “…Over a hundred indigenous men and women garbed in traditional dress marched in Baguio city, Philippines, in protest of the dangers they continue to face, including through extrajudicial killings and illicit land grabs by corporate and governmental forces”: (Exploiting the World’s Indigenous People Is a Violent, For-Profit Enterprise – By Elika…
Source – washingtonpost.com – “…Traders on Thursday staged a massive sell-off, sending shares in GEO and CCA sliding more than 35 percent. Both companies in recent years have tried to broaden their business — building re-entry facilities; selling ankle monitors — but some investors now worry that Thursday’s announcement could set the stage for a…
Source – wikileaks.org – “…The classified cable from the Public Library of US Diplomacy published by WikiLeaks exposes Rothschild Bank “advising” a “secret and corrupt” billion dollar transaction in order to create a “massive money laundering scheme” in Senegal and crash the struggling nation’s economy”: (Rothschild Billion Dollar Money Laundering Plot in Africa* – By Baxter…
Source – journal-neo.org – “…The alarming warning signal of trouble in the US corporate bond market with soaring rates of debt delinquencies, and the fact that since the collapse of the US shale oil industry Wall Street and other major bank creditors have been tightening criteria for extending more debt, say to me that the…
Source – oftwominds.com – “…The financial elites of the Deep State (and of the nation-state that the Deep State rules) generate wealth inequality and thus instability by their very existence, i.e. the very concentration of wealth and power that defines the elite. So the only way to insure stability is to dissipate the concentrated wealth…
Source – zerohedge.com – “…While it might be politically correct to exclusively spend time gazing into the rearview mirror and speaking only about the history of slavery in the U.S., it would be wise to speak of the 45.8 million who are enslaved today. It’s time to shine a light on today’s slave trade and…
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 – zerohedge.com – “…Without the latter, a credit-based economy ultimately devolves into Ponzi finance, and at some point implodes”: (Bill Gross Talks “Sex”, Answers “Honestly” What Happens When The Financial System Breaks Down) Bill Gross’ latest letter is a curious melange of two distinct parts. The first one is more of the same traditional…
Source – theantimedia.org – “…Deutsche alone has amassed an exposure of over $75 trillion dollars in these risky devices. The amount of money needed to pay out on the outstanding derivative contracts doesn’t even exist, and the CIA’s factbook states that broad money, including all paper currency, coins, checking, savings, and money market accounts, equals…
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 – ellenbrown.com – “…Governments today are blocked from exercising their sovereign power to issue the national money supply by misguided legislation designed to avoid hyperinflation. Legislators steeped in flawed monetarist theory are more comfortable borrowing from banks that create the money on their books than creating it themselves. To satisfy these misinformed legislators and…
Source – dollarcollapse.com – “…And then of course there’s the legendary Chuck Prince, whose famous “dance” quote solidified his place in the pantheon of truly dumb bankers, “When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re…
Source – davidstockmanscontracorner.com – “..After each thundering sell-off during the bust phase, crony capitalist gamblers have been gifted with ill-gotten windfalls during the Fed’s subsequent maniacal money printing spree. Worse still, this trash-to-riches syndrome has unfolded so consistently since the late 1980s that there now exists a marauding gang of permanent vulture-speculators who impudently claim entitlement…
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 – charleshughsmith.blogspot.ca – “…The American ruling class and the mainstream punditry are struggling to square the circle, that is, defend the globalization of the U.S. economy that has greatly enriched corporations, the wealthy and the top 5% of the work force but also alleviate the stagnation in the incomes and wealth of the bottom…
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…
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