Source – ellenbrown.com – The United States shall guarantee to every State in this Union a Republican Form of Government. — Article IV, Section 4, US Constitution A republican form of government is one in which power resides in elected officials representing the citizens, and government leaders exercise power according to the rule of law. In The Federalist Papers, James…
Source – zerohedge.com – Over the past several months, as a result of their lockout from capital markets, Greek banks’ reliance on the ECB’s Emergency Liquidity Assistance has soared, and at last check was somewhere in the mid-€70 billion range. The conventional wisdom was that the ECB was merely plugging the hole created weekly (and…
Source – zerohedge.com – Ask any “economist” and they will tell you that one of the best ways to create economic growth is to devalue a currency to boost exports which in turn will increase profits and incomes. Moreover, they will tell you, that a single QE program equal to 24% of a country’s…
Source – theatlantic.com – Bank of the Underworld: Liberty Reserve was like PayPal for the unbanked. Was it also a global money-laundering operation? – In the fall of 2011, the U.S. Secret Service orchestrated a sting operation. The target was a Vietnamese man named Hieu Minh Ngo. Investigators believed he was a big-time identity thief…
Source – journal-neo.org – The last financial Tsunami was a doozer that almost destroyed the global financial system. It was the collapse of the Wall Street Mortgage Backed Securities bubble in March 2007. The results of that collapse are still very much with the world today. Never in the one hundred some years of the…
Source – nakedcapitalism.com – There are many excellent arguments against the Trans-Pacific Partnership (TPP), two of which — local zoning over-rides, and loss of national sovereignty — I’ll briefly review as stepping stones to the main topic of the post: Absolutist Capitalism, for which I make two claims: 1) The TPP implies a form of…
Source – seekingalpha.com – Get ready for another major worldwide credit crunch. Today, the entire global financial system resembles a colossal spiral of debt. Just about all economic activity involves the flow of credit in some way, and so the only way to have economic growth is to introduce even more debt into the system.…
Source – yesmagazine.org – The leaked text is full of dense legal jargon. But a close reading makes its corporate agenda crystal clear. Secret negotiations on the Trans-Pacific Partnership (TPP), a trade and investment agreement involving 12 nations of the Pacific Rim, are coming to a close, and President Barack Obama will soon submit the…
Source – wakeup-world.com – The grand facade of perpetual expansion on a finite planet is at its end, the global economy is collapsing, the illusion is unravelling by the day. As the walls of the industrialized civilization begin to crumble, the power structure is desperately trying to carry out multiple agendas, including the ongoing climate…
Source – shtfplan.com – Earth shaking words from a giant on Wall Street. The insiders know the next collapse is coming. What form it takes may remain a surprise to account holders and investors who are not on guard. But JPMorgan Chase chairman and CEO Jamie Dimon is positioning his firm to pick up the…
Source – washingtonpost.com, By Emily Badger and Christopher Ingraham – In case you are still skeptical that many of the non-poor — and, in fact, a lot of the rich — receive benefits from government, too (for which we don’t make them pee in a cup or promise not to buy luxuries), we’ve rounded up some…
Source – hussmanfunds.com – Many of the misconceptions that investors hold about the economy and the financial markets can be clarified by understanding the relationship between the “flow” and “stock” of various quantities in the economy. Before going further, let’s take a minute for some background. The total quantity of currency and bank reserves in…
Source – zengardner.com – Catherine Austin Fitts deconstructs the actual economic nexus afoot at the Secret Space Program Conference, 2014 San Mateo, California. http://www.zengardner.com/black-budget-financial-coup-catherine-austin-fitts/
Source – wallstreetonparade.com -It’s tough to keep up with the conspiracy theories that run rampant from day to day in the hallowed halls of Congress. But one that is gaining traction is that the U.S. Treasury Department’s Financial Stability Oversight Council (whose acronym is pronounced F-SOC) is the handmaiden of an international finance cabal and…
Source – rabble.ca – A news story this week blandly described the perverse reality that is the current state of the Canadian economy. The headline read “Corporate profit margins at 27-year high and likely to stay there.” Pretty heady stuff if you took it out of context. But the context is everything: pathetic growth projections,…
Source – acting-man.com – But when he is disposed of foreign enemies by conquest or treaty, and there is nothing to fear from them, then he is always stirring up some war or other, in order that the people may require a leader. – Plato on tyrants, The Republic This is the last in our…
Source – thesundaily.my – Be proud, America! You have the very best Congress that money can buy. It’s no secret that many in the House and Senate have long been corrupted by money and special interests. The constant need to advertise on TV makes all politicians slaves of the money lenders and other big…
Source – theautomaticearth.com – Who knew that the revolution would start with those radical Icelanders? It does, though. One Frosti Sigurjonsson, a lawmaker from the ruling Progress Party, issued a report today that suggests taking the power to create money away from commercial banks, and hand it to the central bank and, ultimately, Parliament. Can’t…
Source – investmentwatchblog.com -The Financial Times warned today about the growing global ‘bond bubble’ and potential severe problems in the bond markets and ‘systemic risk’ which may come to a head in June if the Federal Reserve raises interest rates. In an article entitled “Time to find out hard way if asset management is systemic…
Source – thefreedomreport.us – What can the Fed do now that the economy is turning down again? Former Assistant Treasury Secretary Dr. Paul Craig Roberts says, “There’s not much they can do except print more money. That will eventually get into the economy and drive up prices. So, you are going to have no ability…
Source – dailyreckoning.com.au – When we left you yesterday, we were trying to connect the bloated, cankerous ankles of the US economy (Part 1) to the sugar rush of its post-1971 credit-based money system (Part 2). Today, we look at the face of our government. It is older… with more worry lines and wrinkles. But…
Source – acting-man.com – Shabby Immensity: Today, we continue mouth wide open (Part 1 here) … staggered by the shabby immensity of it … a tear forming in the corner of our eye. Yes, we are looking at how the US economy, money and government have changed since President Nixon ended the gold-backed monetary system…
Source – nypost.com – The stock market is rigged. When I started making that claim years ago — and provided solid evidence — people scoffed. Some called it a conspiracy theory, tinfoil hats and that sort of stuff. Most people just ignored me. But that’s not happening anymore. The dirty secret is out. With stock…
Source – .zerohedge.com – House of the Rising Stock Market: Last week was bad for the dollar, but good for US stocks. On Friday, the greenback capped its worst five days of trading in four years. The Dow rose another 168 points – or nearly 1%. This took place after Madame Yellen, proprietress of the…
Source – counterpunch.org – Since 1971, the value of the US dollar, and with it the corporeal integrity of the US economy, has been tied to what we know today as the petrodollar system. This arrangement is the result of Nixon’s abolition of the gold standard in 1971, the basis of valuing the US dollar…
Source – journal-neo.org, By Vladimir Odintsov – The Global De-dollarization and the US Policies: In its quest for world domination, which the White House has been pursuing for more than a century, it relied on two primary tools: the US dollar and military might. In order to prevent Washington from establishing complete global hegemony, certain…
Source – naturalnews.com – Have the big banks stopped being banks? If you believe the banking insiders speaking in their own words, then you would have to conclude the answer is yes. In a recent interview with Bloomberg News, Niels Storm Stenbaek, chief economist at the Danish Bankers Association, said this: “Banks don’t have a…
Source – zerohedge.com – Something stunning took place earlier this week, and it quietly snuck by, unnoticed by anyone as the “all important” FOMC meeting was looming. That something could have been taken straight out of the playbook of either Cyprus, or Greece, or the USSR “evil empire”, or all three. This is how the…
Source – davidstockmanscontracorner.com – Things aren’t looking good for the financial system and the economy, and the Federal Reserve bears much of the blame, says David Stockman, White House budget director under President Reagan. “We’re in a more dangerous financial environment than we’ve ever been in history,” he tells (Bloomberg TV click here) “We’re in a…
Source – zerohedge.com – On Wednesday afternoon, just after the close of the market, the US Dollar, the world’s reserve currency flash crashed. This is how the WSJ described the move: In the latest episode Wednesday, a message from the U.S. Federal Reserve that it is in no hurry to raise interest rates caused a…
Source – .telegraph.co.uk – Britain may broadcast the financial secrets of Russia’s ruling elite as part of the information war against the Putin regime, the Foreign Secretary has indicated. Philip Hammond said he was interested by the idea of publicising the wealth of the Russian president’s inner circle in order to embarrass them in front…
Source – paulcraigroberts.org – Washington’s EU vassals might be finding their backbone. Britain, Germany, France, and Italy are reported to have defied Washington’s orders and applied to join the Chinese-led Asian Investment Bank. Australia, Japan, South Korea, Switzerland and Luxembourg might also join. Washington uses its development banks such as the Asian Development Bank, the…
Source – charleshughsmith.blogspot.ca, By Charles Hugh Smith – Those who refuse debt, regardless of the sacrifice, are starving the parasitic, exploitive machine; those with debt are feeding it. We hear a lot about debtors, and very little about undebtors. I define an undebtor as an individual or entity that has sworn off debt or considers…
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