Source – davidstockmanscontracorner.com – “…This is beginning to sound like August 2007 that’s because it is. And the denials from the casino operators are coming in just as thick and fast…That’s right. After the near-death experience of 2008-2009 and a recovery so halting and tepid as to literally scream-out that the main street economy is impaired and broken, the casino gamblers have…
Source – theantimedia.org – “…China recently began the push away from a meat-centric diet, in part because pollution from factory farms has wrought havoc in the air and water. All moralistic pontificating aside, a return to small-scale, organic farming and switching to vegetarian diets, or at least a reduction in consumption of meat, could avert…
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 – thesovereigninvestor.com – “…Fake Prosperity Winds Down: The long-term decline in median income, amplified in 2016 by the biggest drop in weekly earnings in history, puts the lie to the pretense of self-sustaining recovery. Average people don’t have enough discretionary income to sustain expanded economic activity – If you have your wits about you,…
Source – gunsandbutter.org – “…the economy is being run primarily by the banks for their own interest. The bank’s product is debt, because the banks want to make sure that they can get paid for the debt. But ultimately the only party that can pay the debt is the government, because it runs the printing…
Source – hightimes.com – “The Coke brothers were beneficiaries of the 2009 Supreme Court decision that granted personhood to corporations, meaning that they could clandestinely support conservative politicians without any accountability, and in 2010 the Court ruling that corporations—and unions, which the Coke brothers are attempting to demolish–could spend unlimited sums on campaign advertising” (The…
Source – davidstockmanscontracorner.com – “…Barack Obama is on course to be the only president in all of U.S. history to never have a single year when the economy grew by at least 3 percent. The truth is that our economy has been stuck in the mud ever since the end of the last recession”: (15…
Source – bonnerandpartners.com – “…The Deep State, in addition to being malignant and entertaining, is incompetent. It fights wars just to lose them. It solves problems and makes them worse. Led by the Yellen Fed, it “improves” the economy and leaves 9 out of 10 people poorer than they were before”: (How Free Money Leaves…
Source – anirudhsethireport.com – “…The culprit? The Fed, the same Fed which does not to grasp that by “renormalizing” into the biggest bond bubble in history is assuring massive losses for the financial sector. The problem is simple: having inflated a gargantuan bond bubble, letting the air out would by definition lead to dramatic consequences…
Source – ragingbullshit.com – “…The IMF suggests neoliberalism has been a failure. But it has worked very well for the global 1%, which was always the IMF and World Bank’s intent. As Oxfam reported earlier this year, the wealthiest 1% in the world now has as much wealth as the rest of the planet’s population…
Source – commondreams.org – “…Walk Free founder and chairman Andrew Forrest puts the onus on corporations to help end modern slavery. “Businesses that don’t actively look for forced labor within their supply chains,” he said, “are standing on a burning platform. Business leaders who refuse to look into the realities of their own supply chains…
Source -. islandnet.com – “…Because of this subordination of social systems of research and communication to transnational capital control, whatever does recognize the capitalist cancer is normally rejected. This social immune suppression is now global, with over 90% of all foreign news output, for example, controlled by five U.S. and European multinational news agencies. Cancerous…
Source – libertyblitzkrieg.com – “…If nothing else, this should prove to everyone that the U.S. economy has become a grotesque, unsustainable, cancerous monster. It’s an unethical creation of oligarchy for oligarchy; a parasitic blob that solely exists to reward the already rich and powerful. What no longer benefits the nation’s citizens in any meaningful way needs to be fundamentally transformed before…
Source – themindunleashed.org – “…In 2011 the budget for the US Government was over 3 trillion dollars, while military spending included a $717 billion request from the pentagon, $200 billion towards “overseas contingency funding” for the two major conflicts we are engaged in, and $40 billion in black budget intelligence which includes the CIA, NSA,…
Source – spiderfinance.com – “…Thanks to these custodians of the public weal, 99% of the families in the USA now have less wealth than they did before the crisis of ’08 began. But wait – it gets worse. It is now 45 years since the PhDs took control of America’s money. Over those four and…
Source – davidstockmanscontracorner.com – “…Actual main street inflation—led by the four horseman of food, energy, medical and housing—–has been running at 3.1% per annum since the turn of the century. After 16 years this considerable annual gap, of course, has ballooned into a chasm. As shown in the graph, the consumer price level faced by flyover America…
Source – theburningplatform.com – “…If GDP is dependent upon consumer expenditures to generate 69% of its total, how could it grow as real household incomes decline? – If you guessed enormous amounts of debt, you win the booby prize. The establishment (Wall Street, mega-corps, politicians, corporate media) convinced the masses to impoverish themselves while trying…
Source – nypost.com – “…Clinton Cash,” a new documentary based on Peter Schweizer’s 2015 book, shows in excruciating, irrefutable detail, it’s always “pay to play” with the Clintons, whether personally or via their family racket, the Clinton Foundation (which includes the Clinton Global Initiative). They’ve sucked up vast sums of “contributions” from some of the…
Source – charleshughsmith.blogspot.ca – “…Ultimately, the war on cash is all about increasing control by eliminating privacy and the freedom to abandon the debt-serf rat-race. I should have the right to conduct my business with cash and pay my taxes digitally. Cash is necessary to maintain some modicum of privacy in an age of all-pervasive financial…
Source – zerohedge.com – “….As a result of the budget imbalance driven by low oil prices, largely a Saudi doing, the kingdom is forced to give workers an implicit pay cut. It also means that since the government has to “pay” through the issuance of debt, that the liquidity crisis in the kingdom is far…
Source – oftwominds.com – “…Crony-state capitalism has imposed rentier monopolies and cartels on wage earners, effectively transferring more of the nation’s income and wealth to politically powerful entrenched interests and cartels”: (No Wonder We’re Poorer: Wages’ Share of GDP Has Fallen for 46 Years – By Hugh Charles Smith) The problem is that limiting financialization…
Source – blacklistednews.com – “…Citigroup’s top economist Willem Buitler said in 2011 that the water market will soon be hotter the oil market – “Water as an asset class will, in my view, become eventually the single most important physical-commodity based asset class, dwarfing oil, copper, agricultural commodities and precious metals.” (The New “Water Barons”,…
Source – cognidissidence.blogspot.ca – “…The Federal Reserve has less than $50 billion of ‘capital’ (think down payment) supporting a balance sheet of $4 trillion (think the total loan on the house). The math shows the Fed’s leverage ratio to be at least 80-1. And I was being extremely generous stating the Fed has $50 billion…
Source – keeptalkinggreece.com – We have been knowing this and there have been reports in the past: that the majority of bailout money went -and still goes- to banks and the lenders and not to the Greek state or people. The bailouts were supposed to get Greece back on its feet – only that Greece…
Source – joelhirst.wordpress.com – I never expected to witness the slow suicide of a country, a civilization. I suppose nobody does. Let me tell you, there’s nothing epic about it. We who have the privilege of travel often look down in satisfaction at the ruins of ancient Greece; the Parthenon lit up in blues and…
Source – zerohedge.com – For seven years, the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis. All of the arguments claiming this defied common sense. A 5th grader would tell you that you cannot solve a debt problem by issuing more debt. If the below chart was a…
Source – sputniknews.com/r – “According to a new study from the National Center for Health Statistics, the suicide rate in the United States has risen dramatically over the past decade-and-a-half” Adjusting for age, it jumped 24 percent between 1999 and 2014, with the biggest increases coming after 2006. Thirteen out of every 100,000 people now kill themselves, making suicide one…
Source – By Baxter Dmitry – The Big Short’s Michael Burry Predicts Financial Meltdown and World War 3: “I just did the math. Every bit of my logic is telling me the global financial system is going to collapse.” Michael Burry, the man who famously predicted the subprime mortgage crisis, says he has ‘done the…
Source – gizadeathstar.com – “…But then I also took issue with the major theories being offered for the Panama Papers, of which there are principally two: (1) The “West” did it, in all its variants – CIA, PEntagon, etc., and (2) The Russians did it. I have taken the view that this is someone else…
Source – thefreethoughtproject.com – On Saturday, economists in U.S. President Barack Obama’s administration released a report detailing the adverse effects on the economy derived from locking non-violent drug offenders and criminals behind bars. For decades, a guiding philosophy of authoritarians was that locking more people up would result in less crime. This has created a prison state…
Source – zerohedge.com – Someone seems to have hit the emergency button at the Fed, as even though the central bank said that everything was just fine with the American economy just a few weeks and months ago, the situation has currently escalated into a full-blown panic mode. On Thursday, the Board of Governors of…
Source – veteranstoday.com -” It’s becoming pretty obvious that the days of Federal Reserve System hegemony are now limited, in that much of the world is dumping the US Petro Dollar and plans to shift to direct trade and use of Gold, Silver and commodity-backed real currencies”: Everyday more and more Americans that didn’t already…
Source .johnperkins.org – The Panama Papers should be no surprise. I was there in the 1970s, when the system they’ve exposed was set in motion. As an Economic Hit Man (an EHM), I helped forge this global economy that is based on legalized crimes. It’s a system in which 62 individuals have as much wealth…
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