Source – zerohedge.com – In Greek mythology there was a monster called Cerberus, the hound of Hades, a monstrous multi-headed dog who guarded the gates of the underworld, preventing the dead from leaving. Today central banks have taken on the role of feeding our own modern version of Cerberus to keep all the troubles away. Ever since the…
Source – davidstockmanscontracorner.com, By David Stockman – China consumed more cement during three years (2011-2013) than did the US during the entire twentieth century: Enabled by an endless $30 trillion flow of credit from its state controlled banking apparatus and its shadow banking affiliates, China went berserk building factories, warehouses, ports, office towers, malls, apartments, roads, airports, train stations, high speed…
Source – zerohedge.com – We reported in 2010 that the American Dream has moved abroad: We provided additional details in 2013 and 2014. Today, a very powerful insider – the President of the most powerful Fed bank, the Federal Reserve Bank of New York, Bill Dudley – confirmed that the American Dream has left the…
Source – stateofthenation2012.com – For those who are unaware the Global Economic & Financial System is literally on life support … as it has been since the Fall of 2008: Fiat-based, fractional-reserve banking system in slow motion collapse London-New York Financial Nexus Takes Predatory Capitalism To A New Level Why the Neocon Cabal is in a…
Source – zerohedge.com – “Rothschild, the centuries-old European financial institution, has opened a trust company in Reno, Nev., a few blocks from the Harrah’s and Eldorado casinos. It is now moving the fortunes of wealthy foreign clients out of offshore havens such as Bermuda, subject to the new international disclosure requirements, and into Rothschild-run trusts…
Source – jenkers.com – The secret world of offshore banks and money-laundering has been under the microscope ever since the financial crisis. Now it is the turn of lawyers, registrars, and the hidden network of facilitators. The treasure trove of 11.5m documents leaked – or more precisely stolen – from the Panama law firm Mossack Fonseca…
Source – andrewgavinmarshall.com – I would like to introduce you, the reader, to some realities of our global banking system, resting on the rhetoric of free markets, but functioning, in actuality, as a global cartel, a “super-entity” in which the world’s major banks all own each other and own the controlling shares in the world’s…
Source – socialistproject.ca – Both the Trudeau Liberals in Ottawa and the Wynne Government at Queen’s Park in Toronto have been making noises of late on the subject of Basic Income. The last Ontario Budget, in fact, declared an intention to carry out a pilot project in a community still to be announced. While no…
Source – downwithtyranny.blogspot.ca – “Compared to the national average, you are poorer then people of your age in the past. In real terms, your disposable income is about $3,389. LESS then in 1978”: The Sanders- and Trump-led (for now) political rebellion is not going to go away. There are only two questions going forward: Will…
Source – washingtonsblog.com – “OLIGARCH’S PROGRESS: TRAIL OF TEARS: Author Bio: Diogenes is an over-educated American landless peasant. His great-grandfather, a co-operative orchardist, helped California progressives overturn Southern Pacific’s corporate political machine in 1910. He thinks this advance needs to be re-established and greatly extended, nationally, not reversed. He regards progressive successes in many states during this…
Source – davidstockmanscontracorner.com – If you need evidence that Wall Street is a financial time bomb waiting for ignition look no further than the recent meltdown of Valeant Pharmaceuticals (VRX). In round terms, its market cap of $90 billion on August 5th has suddenly become the embodiment of that proverbial sucking sound to the south, having plunged to…
Source – oftwominds.com – If the four structural trends highlighted below don’t reverse, the middle class is heading for extinction. Everyone knows the middle class is fading fast. I’ve covered this issue in depth for years, for example: Honey, I Shrunk the Middle Class: Perhaps 1/3 of Households Qualify (December 28, 2015) and What Does…
Source – yesmagazine.org – Twelve years ago, John Perkins published his book, “Confessions of an Economic Hit Man.” Today, he says “things have just gotten so much worse”: Twelve years ago, John Perkins published his book, Confessions of an Economic Hit Man, and it rapidly rose up The New York Times’ best-seller list. In it,…
Source – wsws.org – A new study by a University of California-Berkeley economist says that at current sluggish levels of job growth, entire regions of the United States, which were hit hardest by the Great Recession will not return to “normal” employment levels until the 2020s. This amounts, to “more than a ‘lost decade’ of…
Source – dollarcollapse.com – Not so long ago the financial world viewed certain numbers as limits beyond which lay trouble. Interest rates near zero, for instance, were thought to risk destabilizing the banking system. And government fiscal deficits above 3% were considered so dangerous that exceeding this level was prohibited by the Maastricht treaty that…
Source – globalresearch.ca – Wars are a terrible waste of lives and resources, and for that reason most people are in principle opposed to wars. The American President, on the other hand, seems to love war. Why? Many commentators have sought the answer in psychological factors. Some opined that George W. Bush considered it his…
Source – medium.com – American, European and Russian corporations are the only ones winning from humanitarian disasters of their own making: As a tentative ceasefire continues to hold in Syria, with the next round of peace talks having resumed this week, you’d be forgiven for thinking that there might be an end in sight to…
Source – occupy.com – While the water crisis unfolding in Flint is perhaps the most egregious example of austerity in recent memory, it is part of a larger emergency developing nationally. In 2014, Detroit became the first major American city to enact mass water shutoffs, with 46,000 poor households receiving disconnection notices that May. And…
Source – geopolitics.co – Some Brazilians reacted negatively to our recent article on Brazil who are basically saying that Lula has been a corrupt leader and so his successor President Dilma Rousseff after him. However, Pepe Escobar, who is currently based in Brazil, is saying that’s not the whole story. What we can deduce from…
Source – counterpunch.org – The Political Consequences of the Tax Strike by the Rich: You reap what you sow. The Republican Party – pushed along by large segments of the “Third Way” Democrats – crafted policies that allowed the American rich to go on tax strike, that allowed them to deindustrialize the United States and…
Source – independent.co.uk – With his trimmed white beard and rounded metal spectacles, Paul Singer might come across as a slightly miffed professor, his lips pursed and one eyebrow arched a touch higher than the other. But the balding billionaire behind the New York hedge fund group Elliott Management is in fact one of Wall…
Source – oftwominds.com – Do Any of the Current Rallies Pass “The Sniff Test”? – No.: This is not capitalism, or a functioning market: this is the end-game of legalized looting and financialization. Everything from iron ore to copper to the Baltic Dry Index to stocks to bat guano is rallying. The problem is not a…
Source -activistpost.com, By Matt Agorist – Last year, Baron David de Rothschild was indicted by the French government after he was accused of fraud in a scheme that allegedly embezzled large sums of money from British pensioners. It has taken many years to bring this case against Rothschild and his company the Rothschild Financial Services…
Source – paulcraigroberts.org – “If inflation was properly measured, these zero rates would be negative rates, which means not only that retirees have no income from their retirement savings but also that saving is a losing proposition. Instead of earning interest on your savings, you pay interest that shrinks the real value of your saving”:…
Source – davidstockmanscontracorner.com – Now that’s a screaming case of the pot calling the kettle black if there ever was one. Mitt Romney has lashed out at The Donald for being a “phony and fraud”, but consider this. During his 16-years at Bain Capital, fully one-fourth or $600 million of the firms cumulative $2.5 billion of profits were scalped from companies which…
Source – zerohedge.com – We have heard a lot of chatter about a potential negative interest rate policy, and whilst the general market consensus in the USA is still expecting to see at least two rate hikes by the Federal Reserve before the end of this year, the situation is completely different in Japan and…
Source – zerohedge.com – Were you wondering what Alan Greenspan thinks about the outlook for monetary policy across the globe? Neither were we, but Bloomberg was and Tom Keene and Mike McKee got the “privilege” of sitting down with the “maestro” on Monday afternoon to discuss a variety of topics including NIRP, which Greenspan says…
Source – sprottmoney.com -In the first part of this series, readers were presented with two separate but related expositions. First, readers were reminded of what is now a pattern of crime: the eight-year bubble-and-crash cycles manufactured by the Big Bank crime syndicate in the West. The previous eight-year cycle ended with the Crash of ’08,…
Source – wakingtimes.com, By Sigmund Fraud – 3 Signs Corporate Work Culture has Become Toxic to the Human Spirit: Feeling trapped on the corporate ladder? You’re not alone… our work culture has become uncaring, toxic and rather dangerous to our well-being. Everybody seems to be working harder and harder these days, but genuinely happy people…
Source – sovereignman.com – “There’s never been a change this big, nor so many people unprepared”: I had an amazing time this weekend sharing the stage at an investment conference in Miami, with other speakers like Robert Kiyosaki, Peter Schiff, and G. Edward Griffin among others. During a panel on the future of money and…
Source – bonnerandpartners.com – You’re likely thinking that a discussion of “sound banking” will be a bit boring. Well, banking should be boring. And we’re sure officials at central banks all over the world today – many of whom have trouble sleeping – wish it were. This brief article will explain why the world’s banking…
Source – naturalsociety.com – “I grew up worshiping at the altar of science, and in my wildest dreams I never thought scientists would behave this way,” said Virginia Tech professor, Marc Edwards, whose research helped expose the high levels of lead in municipal waters in both Flint, Michigan, and Washington, D.C. Marc Edwards is the…
Source – thetruthseeker.co.uk – Are we, our families and everything we own collateral on the national debt?: “Everything you think you own has a hidden lien on it, and the banksters own the lien”: We’re lucky if once in a generation a shocking little book (like this one) comes along that clearly shows the major camouflaged…
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