Source – businessinsider.com – Sweden is shaping up to be the first country to plunge its citizens into a fascinating — and terrifying — economic experiment: negative interest rates in a cashless society. The Swedish central bank held its benchmark interest rate at -0.35% today, the level it has been at since July. Although retail…
Source – acting-man.com – “Through the door there came familiar laughter I saw your face and heard you call my name Oh, my friend we’re older but no wiser For in our hearts the dreams are still the same Those were the days” – “Those Were the Days” by Gene Raskin – Yes, they were…
Source – smartknowledgeu.com – Today, bankers all around the world are making it more and more difficult to withdraw more than $3000 or €3000 per day, and simultaneously making it impossible to pay for, in cash, any item with a price tag in excess of these levels. Though most people are not questioning why this…
Source – charleshughsmith.blogspot.ca – Collapse begins when real reform becomes impossible. We all know why reforms fail: everyone whose share of the power and money is being crimped by reforms fights back with everything they’ve got. Reforms that can’t be stopped by the outright purchase of politicos are watered down in committee, and loopholes wide…
Source – stuartjeannebramhall.com – Big Sugar: Sweet, White and Deadly – Brian McKenna (2005): Film Review – Big Sugar is about the sugar lobby and how they use their wealth and power to prevent the World Health Organization (WHO) and other regulatory agencies from dispensing accurate information about the link between high sugar intake and…
Source – banksterbubble.com – The Federal Reserve system was created in December 1913 by then President Woodrow Wilson. Since that time, consumer purchasing power has fallen from $1,000 in December 1913 to … $40 today. Since 2007, the purchasing power of the dollar continues to fall along with average hourly wage growth YoY. The…
Source – investmentresearchdynamics.com – The morning of the FOMC announcement on Wednesday (Oct 28) gold was up $14 overnight, close to $1080 and the cartel’s dreaded 200 day moving average. The “premise” was that the market was expecting another rate hike deferral. I friend called me that morning and I told him to not get…
Source – paulcraigroberts.org – On January 6, 2004, Senator Charles Schumer and I challenged the erroneous idea that jobs offshoring was free trade in a New York Times op-ed. Our article so astounded economists that within a few days Schumer and I were summoned to a Brookings Institution conference in Washington, DC, to explain our…
Source – gizadeathstar.com – Mr. K.L. sent along this article, with the suggestion that it might be a sign or indicator of the hidden system of finance I’ve been suggesting has been in place since 1947, if not before, for bankrolling covert operations and black research projects: Pentagon funding bill on Obama’s desk: $600 mln…
Source – usuncut.com – The European Commission’s ruling is the result of years of sustained activism from anti-austerity groups like UK Uncut. Thanks to a new ruling from the European Commission, Starbucks and Fiat are now finally being forced to pay their fair share of taxes, as tax loopholes benefiting multinational corporations with accounts in…
Source – oftwominds.com – If conventional labor and finance capital have lost their scarcity value, then the era in which financialization reaped big profits is ending. Why is wealth/income inequality soaring? The easy answer is of course the infinite greed of Wall Street fat-cats and the politicos they buy/own. But greed can’t be the only…
Source – wallstreetonparade.com – 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…
Source – zerohedge.com – As crazy as it sounds, the Saudis are going broke. Of course you wouldn’t know it if you read the account of King Salman’s latest visit to Washington which included booking the entire DC Four Seasons and procuring a veritable fleet of Mercedes S-Class sedans. You’d also be inclined to think…
Source – naturalnews.com – Former Reagan budget chief David Stockman has warned that the global markets are dangerously close to collapse and that, were it not for artificial forces, the world economy would suffer a $100 trillion market implosion. Stockman, a former Republican congressman from Michigan and President Ronald Reagan’s director of the Office of…
Source – andrewgavinmarshall.com – There exists an overlapping and highly integrated network of institutions, committees and secret meetings of ad-hoc groups that collectively run the global economy. This network consists of finance ministries, central banks, international organizations and the various conferences and confabs that bring them together. This network is responsible for facilitating global financial…
Source – http://www.zerohedge.com – On of the key things to understand about the massive, coordinated, global easing effort on which central banks have embarked since the financial crisis is that these policies have served to widen the gap between the rich and poor. Ben Bernanke – and plenty of other vaunted central planners for that…
Source – theguardian.com – Europe has seen nothing like this for 70 years – the visible expression of a world where order is collapsing. The millions of refugees fleeing from ceaseless Middle Eastern war and barbarism are voting with their feet, despairing of their futures. The catalyst for their despair – the shredding of state…
Source – davidstockmanscontracorner.com – Perhaps the most dangerous thing about where the world seems to be headed now that central bankers have not only lost credibility in the minds of investors, but in their own minds as well, is that it’s not entirely clear what will happen to society if credit suddenly dries up. That…
Source – zerohedge.com – For many years now, it’s been clear that China would soon be pulling the strings in the U.S. financial system. In 2015, the American people owe the Chinese government nearly $1.5 trillion. I know big numbers don’t mean much to most people, but keep in mind… this tab is now hundreds…
Source – zerohedge.com – If the last two months have taught us anything (other than that Fed is panicking) it’s that “hedge” funds sometimes aren’t so good at hedging. In fact, between i) the outright breakdown of the historical relationships between asset classes (volatilities and correlations) that are used to construct optimal “risk-parity” funds and…
Source – shtfplan.com, By Mac Slavo – While the Obama administration and their mainstream surrogates maintain that the economy is growing at a booming pace, the reality of the situation is starkly different. According to a report from the Bureau of Labor Statistics some 94.6 million Americans (age 16 and over) are either not working or have…
Source – robertreich.org – On the opening day of Trump Plaza in Atlantic City in 1984, Donald Trump stood in a dark topcoat on the casino floor celebrating his new investment as the “finest building in the city and possibly the nation.” Thirty years later, the Trump Plaza folded, leaving some 1,000 employees without jobs.…
Source – zerohedge.com – One of the more “unmentionable” conspiracy theories surrounding the demise of Lehman Brothers in 2008 is that this “shocking” event was in fact a well-choreographed and carefully scripted “controlled demolition”, with the Lehman Bankruptcy — the event that officially unleashed the Great Financial Crisis — getting the express prior permission of…
Source – commondreams.org – The 2016 election campaign is certainly a billionaire’s playground when it comes to “establishment candidates” like Hillary Clinton and Jeb Bush who cater to mega-donors and use their money to try to rally party bases. The only genuine exception to the rule this time around has been Bernie Sanders, who has…
Source – newdawnmagazine.com – Let me issue and control a nation’s money and I care not who writes the laws. – Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild Perhaps the single most important thing to know about power in the world today is that most nations do not have control over their…
Source – washingtonsblog.com – The housing market peaked in 2005 and proceeded to crash over the next five years, with existing home sales falling 50%, new home sales falling 75%, and national home prices falling 30%. A funny thing happened after the peak. Wall Street banks accelerated the issuance of subprime mortgages to hyper-speed. The…
Source – goldmoney.com – The sudden end of the Fed’s ambition to raise interest rates above the zero bound, coupled with the FOMC’s minutes, which expressed concerns about emerging market economies, has got financial scribblers writing about negative interest rate policies (NIRP). Coincidentally, Andrew Haldane, the chief economist at the Bank of England, published a…
Source – ellenbrown.com – Predictions are that we will soon be seeing the “nuclear option” — central bank-created money injected directly into the real economy. All other options having failed, governments will be reduced to issuing money outright to cover budget deficits. So warns a September 18 article on ZeroHedge titled “It Begins: Australia’s Largest…
Source – tomdispatch.com, By Richard Krushnic, Jonathan Alan King – Imagine for a moment a genuine absurdity: somewhere in the United States, the highly profitable operations of a set of corporations were based on the possibility that sooner or later your neighborhood would be destroyed and you and all your neighbors annihilated. And not just…
Source – alternet.org – In 1992, Ross Perot won almost 20% of the entire presidential vote on the single issue of stopping so-called “free trade.” Today, several presidential candidates are gaining huge traction with similar opposition to NAFTA, CAFTA, and the upcoming Southern Hemisphere Asian Free Trade Agreement (SHAFTA, now called the Trans-Pacific Partnership or…
Source – allgov.com -Businesses in America have enjoyed steady productivity over the last 40 years while workers have endured wage stagnation over the same period, according to a 2014 think tank study. The Economic Policy Institute (EPI) says net productivity grew 72.2% between 1973 and 2014. During that same period, hourly compensation of the vast…
Source – gizadeathstar.com – Ms. P.H., whom readers here know to be a regular contributor of articles, found this one, and it’s so bizarre, and tends to confirm in an even more bizarre way, some of the ideas and speculations I’ve been adancing over the past few years about space, hidden systems of finance, and…
Source – activistpost.com – During the crusades it was rumored that the Templars studied alchemy and discovered forbidden knowledge on their journeys. This would not be the first time that this has happened in history, it is actually quite common for conquerors to return home with ancient artifacts, just like Napoleon did with the Rosetta…
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