Source – newdawnmagazine.com – In the US, we see untold millions suffering from the impact of mass foreclosures and unemployment; in Greece, Spain, Portugal, Ireland, and Italy, stringent austerity measures are imposed upon the whole population; all coupled with major banking collapses in Iceland, the UK and the US, and indecent bail-outs of “too-big-to-fail” bankers…
Source – en.ria.ru – Russian President Vladimir Putin said Friday that world economy will collapse if oil prices remain at $80 per barrel. Shale oil production in the United States is profitable at a price of $80 per barrel, according to Putin. “If oil prices remain at $80 per barrel, it will lead to production…
Source – tni.org – As 2500 of the world’s elites descend on Davos, Switzerland, for the World Economic Forum, TNI has produced its third “State of Power” report that through infographics and essays examines and analyses political and corporate power. >Share this image on Facebook Sources used Joseph Stiglitz quote is from Of the 1%,…
Source – vidrebel.wordpress.com – A week ago I noticed that the Treasury published our total increase in Treasury bonds for the past year. It had grown by $1,085,888,854,036.50. Some people mistakenly think that this is the Treasury deficit. Not quite. They have not accounted for the privilege certain Too Big To Jail Banks have which…
Source – zerohedge.com – First a secret “Doomsday book“, and now this? Flash back to those days in September 2008 when the financial system was on the verge of collapse and when first Lehman failed and then AIG was knocking on heaven’s door. While the story of the former has been written, it is the…
Source – globalresearch.ca – The wealthiest 400 people in the United States had their combined net worth grow thirteen percent to $2.29 trillion this year, amidst a surging stock market and record corporate profits. The figures come from the Forbes 400 list of the wealthiest Americans, compiled every year since 1982 by the American business…
Source – equedia.com – Editor’s Note: I think nothing exemplifies the polarity between social disconnection and conscious peaceful intent then this recently received investment letter. – Dear Readers, I want to talk about a subject that the media will never cover. That’s because it involves information that politicians and other “important people” have used in…
Souce – /rinf.com/ – When is the U.S. banking system going to crash? I can sum it up in three words. Watch the derivatives. It used to be only four, but now there are five “too big to fail” banks in the United States that each have more than 40trillion dollars in exposure to derivatives. …
Source – washingtonsblog.com Bad Government Policy Has Made It Likely We’ll Have a New Financial Crisis – The head of the world’s most prestigious financial body, the “Central Banks’ Central Bank” – The Bank for International Settlements – said recently the global financial system is currently “more fragile” in many ways than it was just…
Source – equedia.com – At times, it may seem as if my Letters only show the ugly side of the world. From the increasing tensions headlined by world super powers, to the economic distress within our own borders, there are much bigger forces at work. While instilling confidence may appear to be a good strategy…
Source – theeconomiccollapseblog.com – Did you know that a major event just happened in the financial markets that we have not seen since the financial crisis of 2008? If you rely on the mainstream media for your news, you probably didn’t even hear about it. Just prior to the last stock market crash, a massive…
Source – wolfstreet.com – The stock manipulation game on Wall Street has been honed to perfection. Everyone is playing along with it, has to play along with it as part of their job, whether on Wall Street or in the financial media, and it must not be doubted or disparaged in any way. Best of…
Source – davidstockmanscontracorner.com, by Flynt Leverett and Hillary Mann Leverett – Since World War II, America’s geopolitical supremacy has rested not only on military might, but also on the dollar’s standing as the world’s leading transactional and reserve currency. Economically, dollar primacy extracts “seignorage” — the difference between the cost of printing money and its value…
Source – davidstockmanscontracorner.com – Alarm bells in the European banking system have been ringing for quite a while but nobody seems to be listening. The roaring capital markets are just too loud. But we have been keeping track of a few things. Private sector lending is dropping sharply in the Eurozone. The latest figures have…
Source – sovereignman.com – Ten dark suited men entered the premises of FBME bank in Cyprus on Friday afternoon and took it hostage. It must have looked like a scene from the Matrix. And given the surrealism of how this conflict is escalating, maybe it was. The men were from the Central Bank of Cyprus…
Source – telegraph.co.uk – The SFO is expected to announce a criminal inquiry into traders’ alleged manipulation of the £3 trillion-a-day currency markets as early as this week On the currency markets this month, £1 bought $1.71 RBS CEO Ross McEwan believes forex-rigging could be a bigger problem for the banking industry than Libor Harriet…
Source – elliottwave.com – A new research report highlights the years when the U.S. stock market has been overvalued by 50% or more (in each case the outcome was the same). With that in mind, consider that today’s U.S. stock market valuation is the third highest ever http://www.elliottwave.com/
Source – /thinkprogress.org – Just days before its international debut at an airshow in the United Kingdom, the entire fleet of the Pentagon’s next generation fighter plane — known as the F-35 II Lightning, or the Joint Strike Fighter — has been grounded, highlighting just what a boondoggle the project has been. With the vast…
Source – corbettreport.com – What is the Federal Reserve system? How did it come into existence? Is it part of the federal government? How does it create money? Why is the public kept in the dark about these important matters? In this feature-length documentary film, The Corbett Report explores these important question and pulls…
Source – testosteronepit.com – Private equity firms are the ultimate smart money on Wall Street; they know how to wring out the last dime from their own clients, such as pension funds and rich individuals, through hidden fees, obscure expenses, elaborate expense shifting, lackadaisical disclosure, and “zombie advisers,” to the point where SEC Inspection Chief…
Source – zerohedge.com – Two weeks ago, well-known economist Tyler Cowen (a professor at George Mason University) argued in the New York Times that wars – especially “major wars” – are good for the economy. Cowen joins extremely influential economists like Paul Krugman and Martin Feldstein – and various talking heads – in promoting this…
Source – wsws.org – A report released Wednesday by researchers at the University of Michigan provides further confirmation of the enormous increase in wealth inequality in the United States over the past decade. In a two-page research summary, the authors predict that this widening gulf in American society will continue, with no sign of slowing…
Source – rinf.com – Leaked draft text of trade deal exposes U.S. and E.U. efforts to control and deregulate the global economy Wikileaks published a previously tightly-held and secretive draft of a trade document on Thursday that, if enacted, would give the world’s financial powers an even more dominant position to control the global economy…
Source – testosteronepit.com – Spain’s miraculous economic recovery is a mirage, a collective delusion concocted in the fevered but highly imaginative minds of government ministers, economists and accountants, and then projected on to the mass consciousness as official reality. When it comes to creative accounting, few can hold a candle to the country’s finance…
Source – zerohedge.com – Another conspiracy “theory” becomes conspiracy “fact” as The FT reports “a cluster of central banking investors has become major players on world equity markets.” The report, to be published this week by the Official Monetary and Financial Institutions Forum (OMFIF), confirms $29.1tn in market investments, held by 400 public sector institutions…
Source – zerohedge.com – From “why did Nixon sever the link between currencies and gold?” to “is war good for the economy?” Mike Maloney’s tour de force through 140 years of gold, silver, and monetary farce is indispensable as major parts of the world enter a de-dollarization phase. As Jesse noted here, after listening to…
Source – thedailysheeple.com – The numbers that you are about to see are likely to shock you. They prove that the global financial Ponzi scheme is far more extensive than most people would ever dare to imagine. As you will see below, the total amount of debts in the world is now more than three…
Source: infowars.com – In the week that the European Central Bank cut its deposit rate for banks from zero to -0.1%, economist Martin Armstrong warns that negative interest rates are coming to the United States, meaning that Americans will be forced to pay just to keep their money in the bank. In a move described…
Source: forbes.com – As the World Economic Forum begins in Davos, Switzerland, Oxfam International has released a new report called, “Working for the Few,” that contains some startling statistics on what it calls the “growing tide of inequality.” The report states: Almost half of the world’s wealth is now owned by just one percent of…
As you do your holiday shopping this year, chances are you’ll be surrounded by products that were made using prison labor. Corporations are realizing that they don’t need to send jobs overseas to turn a profit any more. No, they didn’t have a change of heart and a new found willingness to share their hard…
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