Feb 01 16:45

Why 2017 Could See the Collapse of the Euro

2017 could be the year that the euro collapses according to Joseph Stiglitz writing in Fortune magazine and these concerns were echoed over the weekend by former Bundesbank vice-president and senior European Central Bank official, Jürgen Stark, when he said that the ‘destruction’ of the Eurozone may be necessary if countries are to thrive again.

Feb 01 16:14

Rickards: A Trump-Yellen feud could spark ‘a new Great Depression’ in the coming crisis

Investors are giddy now that the Dow’s broken through the mythical 20,000 mark. Many anticipate Trump’s economic agenda will spur the economy.

Feb 01 15:40

Ron Paul: 2nd Financial Bubble To Burst Soon

If former Rep. Ron Paul (R-TX) is correct, an Economic Doomsday is here. The second financial bubble is going to soon burst, and there’s nothing anyone can do about it. That’s because, as Paul stated, the Federal Reserve has set up the American economy for financial collapse for printing trillions of dollars back in 2008 and 2009.

Feb 01 14:27

Searching for peace in a troubled world

Graham Peebles sees inequality at the heart of conflicts and says to achieve piece one must begin by instilling in individuals the principle of sharing, from which cooperation, tolerance and understanding will flow.

Feb 01 14:26

IMF issues damning report on eurozone fiscal policy

A new study from the International Monetary Fund (IMF) accuses EU countries of running excessive deficits, distorted budgets and poor compliance with financial rules in the single currency area.

Feb 01 14:22

TOM CLOUD PRECIOUS METALS UPDATE: Large Wholesaler Warns When JP Morgan Switches To Go Long Silver

Tom Cloud provided an update on the precious metals market today. He begins discussing about a meeting he had with one of the largest precious metals wholesalers in the country and world.

Feb 01 13:34

The factors that hint towards the U.S Dollar collapse in 2017; how to avoid the risk if it does happen?

The recent events taking place foreshadow a U.S. dollar collapse. Deteriorating relations with China could suggest worsening trade dynamics going forward, but in reality, this risk is substitutable with all big U.S. trading partners.

Feb 01 12:20

Under Armour stock is crashing after it missed the earnings target

Founded in 1996 by former University of Maryland football player Kevin Plank, Under Armour is the originator of performance apparel – gear engineered to keep athletes cool, dry and light throughout the course of a game, practice or workout.

Feb 01 10:47

Will Obama’s Legacy Of Debt Cost Prove As An Hindrance?

The world is patiently waiting for the impact of President Trump’s policies. While the world is occupied in a patient frenzied state to see what Trump has up his sleeves, a monumental American problem is slowly creating troubles for the economy.

Feb 01 10:14

Transportation Secretary Elaine Chao: Highway Trust Fund Will Go Bankrupt By 2021 If We Don't Find New Source Of Revenue: Gas Tax Is No Longer Adequate

Elaine L. Chao was just confirmed yesterday to serve as President Trump's Transportation Secretary. Chao is married to arch-neocon Mitch McConnell and served as assistant Secretary of Transportation under George H.W. Bush, as well as Labor Secretary for 8 years under George W. Bush. On January 11, Senator Deb Fischer questioned Chao about infrastructure and how America is going to pay for all of President Trump's lofty infrastructure projects. Fischer begins by pointing out that the highway trust fund faces a $107 billion dollar shortfall over next 5 years. Chao states that it is imperative for the government to come up with an additional way to fund the highway infrastructure, because the gasoline tax is no longer cutting it.

Feb 01 10:02

Defense Secretary Mattis 'Reaffirms The U.S. Commitment To Defend South Korea'

Not only has U.S. Secretary Of Defense Mattis assured Israeli of his "Unwavering Commitment To Israel's Security", but he had now pledged to do the same for South Korea. A DoD press release issued yesterday stated that "Mattis spoke by telephone with South Korean Defense Minister Han Minkoo to introduce himself and reaffirm the U.S. commitment to defend South Korea and provide extended deterrence using the full range of U.S. capabilities..." It's unclear how our bankrupt U.S. government is going to pay for being policeman of the world.

Feb 01 09:37

Trump Set to Rollback Financial Regulation Passed After the 2008 Crisis

But, of course, this is an area where the new Democrats have neutered themselves because, if you recall, Hillary Clinton supported by Paul Krugman said, "No, no, no. Don't bring back Glass-Steagall."

Well, think how much shorter Dodd-Frank could have been if it had done intelligent things like the following: "The act repealing Glass-Steagall is hereby repealed. The interpretive rules as of 1965 are hereby reinstated 180 days after the effective date of this statute." That removes about 350 pages of statutes and about 2,000 pages of Volcker regulations and interpretations. And, "The Commodities Future Modernization Act is repealed" -- that would have saved, again, 120 pages of statute perhaps and 600 pages of regulation.

Feb 01 09:28

All Eyes on March 1

From March 1, thousands of financial institutions will find themselves subject to new rules that will require them to exchange variation margin on their non-cleared derivatives trades. Four weeks out, the task of meeting that deadline looks as daunting as ever. In fact, it looks a probable that many firms won’t make it, raising the prospect they’ll be temporarily unable to access derivatives markets

Feb 01 09:26

Soros’s bad bet against Trump cost his clients $1bn

George Soros’s hedge fund was one of the biggest losers of 2016, as the Hungarian-born billionaire’s misplaced investments turned into a $1 billion loss for his clients, according to a report by hedge fund investor LCH Investments, cited by Bloomberg.

The only notable hedge fund which did worse than Soros is Paulson & Co, which lost $3 billion last year, according to LCH. The biggest winner is billionaire Ray Dalio’s Bridgewater Associates, which earned $4.9 billion for its clients.

Feb 01 09:20

European Bond Bloodbath - Worst January On Record Exposes Political Panic Across EU

With general elections scheduled in France, Germany and the Netherlands this year amid an increase in support for anti-euro rhetoric, European bonds from Germany to Greece saw yields surge in January. In fact, as Bloomberg notes, euro-region bonds handed investors the worst start to a year on record.

Feb 01 09:19

US Added A Blistering 246K Private Sector Jobs In January, Most Since June

Just as the hard indicators in the US economy were starting to roll over, with whisper expectations that the Fed's 3 projected rate hikes in 2017 would gradually be reduced to 2, moments ago ADP reported a blistering 246K jobs were added in December, far above the 165K expecte, the highest since June.

Feb 01 09:08

Fitbit will lay off 110 employees amid challenges in wearable market

And it’s warning investors that its Q4 earnings will be grim

Feb 01 08:00

Trump Fights to Takedown Bad Guys, Will Crash System then Rebuild -Bix Weir

Gold, silver and Bitcoin expert Bix Weir thinks Trump knows a crash is coming and is getting ready. Weir says, “Trump has the keys to ending this market rigging game. Once you end the market rigging game, then you can’t support the stock market, and everything has to go to its true fair market value with real trades and no more derivatives.

Feb 01 07:29

Damning IMF Report Reveals Dysfunction Within Eurozone

A new report by the International Monetary Fund (IMF) into the Eurozone single currency area of 19 states has accused them of running excessive deficits, distorted budgets and poor compliance with fiscal rules in the euro area, in a further example of the dysfunctionality of the currency.

Feb 01 07:26

DOW 20K: Is The Stock Market Really Setting New Highs? Mike Maloney

Is the stock market really making new highs? Or is it just an illusion? “The longer this party goes on, the worse it’s going to be for the average investor.” – Mike Maloney.

Feb 01 03:57

The Fed Might End Gold’s Bear Market; Here’s Why - Bubba Horwitz | Kitco News

The end of gold’s bear market may be closer than investors think and the event that will reverse the metal’s course might just be this week’s Federal Reserve monetary policy meeting, this according to veteran trader Todd ‘Bubba’ Horwitz.

Jan 31 21:12

Senator: Army Corp told to approve Dakota pipeline easement

BISMARCK, N.D. (AP) — The Acting Secretary of the Army has directed the Army Corps of Engineers to proceed with an easement necessary to complete the Dakota Access pipeline, North Dakota Sen. John Hoeven said on Tuesday.

Jan 31 18:06

Trump signs executive order requiring that for every one new regulation, two must be revoked

“If you have a regulation you want, No. 1, we’re not gonna approve it because it’s already been approved probably in 17 different forms,” Trump said. “But if we do, the only way you have a chance is we have to knock out two regulations for every new regulation. So if there’s a new regulation, they have to knock out two.”

The president added that “it goes far beyond that.” “We’re cutting regulations massively for small business — and for large business,” he said. “But they're different. But for small business, and that’s what this is about today.”

The executive order calls for agencies to pinpoint “at least two” current regulations to be repealed for each new proposed regulation. And it says the net incremental cost for fiscal 2017 should “be no greater than zero,” meaning the cost of new regulations should be offset by existing rules that will be rescinded.

Jan 31 17:36

Irreversible damage — the U.S. economy cannot be repaired

The mainstream media has been carefully asserting the propaganda meme that the Trump Administration is inheriting a global economy in “ascension,” when in fact, the opposite is true. Trump enters office at a time of longstanding decline, and will likely witness severe and accelerated decline over the course of the next year.

Jan 31 17:25

The Fix-Nothing Farce of Symbolic Politics

Solutions gut the rackets by breaking down the status quo's regulatory walls protecting the privileged elites who are stripmining the bottom 95%.

Jan 31 16:45

Is Italy’s Banking Problem Becoming Too Big to Solve?

They said it was contained, but now it hit the largest bank.

Jan 31 16:02

Trump’s Trade Policy to Drive Price Inflation and Gold Buying

Donald Trump’s trade policy is likely to spark higher consumer price inflation, and that has ramifications for gold and silver prices.

Jan 31 15:49

Corporate Insiders Are Scared. You Should Be, Too

Despite recent gains in their sector, the CEOs of major U.S. financial institutions have been selling their own stock. This should grab the attention of investors like you. Here's what we have found usually happens following big market decisions by corporate insiders.

Jan 31 15:40

What the Heck Happened to Hanjin’s Ships and the Collapsed Freight Rates?

Bankruptcy reveals “opaque ownership.” And freight rates surge.

Jan 31 15:08

Not that there’s any inflation, but . . .

The numbers are pretty startling.

Nearly 7 in 10 Americans have less than $1,000 in savings.

1 out of every 3 Americans has nothing set aside for retirement.

Jan 31 14:59

The European Trade Wars Begin: Trump Trade Advisor Accuses Germany Of Using "Grossly Undervalued" Euro

The Trump administration just fired the first shot in the US-European currency, and thus trade, wars when Trump's top trade advisor Peter Navarro accused Germany of using a “grossly undervalued” euro to "exploit the US and its EU partners", the FT reported noting the comments are "likely to trigger alarm in Europe’s largest economy." News of the statement sent the EURUSD surging and the dollar tumbling to fresh 2 month lows.

Jan 31 14:56


Jan 31 14:12

Major Inflection Point Coming

Fund manager John Hussman is always good for dramatic charts.

Jan 31 14:05

Greece is drowning under all the debt its “rescue” brought

After looking at the recent economic success of Spain on Friday, which was confirmed this morning by the official data showing 3.2% GDP growth in 2016 it is time to look at the other side of the Euro area coin. This is a situation that continues to be described by one of the songs of Elton John.

Jan 31 13:52

February Comex Gold Comes In With a Bang

Deliveries on February Comex Gold contracts came in with a bang.

Silver, not so much.

Jan 31 13:25

New Cold War with a different enemy

As all the alarm bells ring continuously that the Russian Federation is the cause for the latest cold war, the actual risk for a hot conflict or an intentional brinkmanship of worldwide proportions should focus on the real enemy of humanity. The Brexit campaign was about more than just leaving the European Union. Likewise, the Trump movement is about a great deal more than just keeping Hillary Clinton from the oval office.

Jan 31 13:23

We injected the markets with Cocaine and Heroin

What happens next?
The Dollar Faces Death Knell???

Jan 31 13:20

Mass deportations loom: 7 ways to get kicked out of America if you are here illegally

As of this writing there are reportedly scores of individuals being detained at airports across the country because they originate from countries on President Trump’s “ban list.”

Jan 31 13:13

Healing With Medical Marijuana

Bottom line to marijuana—it mitigates human suffering. It is the best and safest pain medication. It is cheap if you grow it yourself. It is better than any pharmaceutical on the market. It treats cancer. It is a wonder drug and can even be used by healthy people to keep their stress down.

Everyone who is against marijuana is against freedom. They are against God and they are against the will of the people who clearly want to be able to use marijuana when they want to or need to. Wherever there is freedom marijuana will be legal and unregulated.

Wherever there is marijuana there will be reductions in suffering, pain, and reductions in side effects from pharmaceutical drugs that kill people.

Jan 31 12:46

More pain ahead for equities before it gets better, raising concerns for imminent severe selloff in the market

“Global economic policy uncertainty is near 20-year highs while the VIX is nearing 20-year lows. This is an odd configuration for these two series. Usually as economic policy uncertainty moves higher, the VIX moves higher with it.

Jan 31 11:47

US Growth Rate Lowest In Five Years

The US economy expanded at its slowest rate for five years in 2016 according to preliminary data issued on Friday. Gross domestic product (GDP) rose by only 1.6 percent in 2016, down from 2.6 percent in 2015, the Bureau of Economic Analysis reported.

The figures may be revised later this month, but they mark a significant decline from the annual rate of growth of 3.5 percent recorded in the third quarter. The economy expanded at an annual rate of only 1.9 percent in the last three months of the year, below economists’ forecasts of 2.2 percent.

Jan 31 11:10

End of tax-free living in Saudi Arabia as oil revenues dry up

Saudi Arabia has introduced a value-added tax (VAT) with the approval of the International Monetary Fund (IMF), indicating the end of life without VAT across the Gulf.

The decision was taken on Monday and implies a five percent levy on some goods across the six-member Gulf Cooperation Council, which unites Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

Other Gulf countries are also expected to follow and introduce the VAT system by the beginning of 2018.

Jan 31 11:08

Austerity Strikes Back: Living Standards Set To Tumble As Britain’s ‘Mini-Boom’ Ends

British living standards are set to crash as the “mini-boom” witnessed over recent years comes to an end, dragging income growth down to just 0.5 percent.

According to research by the Resolution Foundation, households in the UK are gradually becoming poorer, as family incomes endured “subdued” increases of 3 percent in 2014/15 and 1.5 percent in 2015/16.

Jan 31 11:06

Expert Warns : What Will Happen, How to Prepare For The Imminent Global Economic Collapse 2017

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as “Doctor Doom” because of his bearish outlook on the economy and the U.S. Dollar in particular.

Jan 31 10:43


Jan 31 10:26

Harry Dent: Stocks Will Fall 70-90% Within 3 Years, Creating The Buying Opportunity Of A Lifetime

Economist and cycle trend forecaster Harry Dent sees crushing deflation ahead for nearly every financial asset class. We are at the nexus of a concurrent series of downtrends in the four most important predictive trends he tracks.

Jan 31 09:51

The cost of Merkel’s refugee crisis: Germany to spend £37BN to fix migrant chaos

ANGELA Merkel’s failed migrant policy will cost Germany and the EU a record £37bn by the end of 2017, it has been revealed.

Jan 31 09:48

Economic Indicators Show Clear Signs The Economy Is Slipping Into A Depression

US & UK move forward with trade deals. Americans are spending more money than they earn for 9 months straight .

Jan 31 09:40

EU banks crumbling under £910BILLION bad debt as toxic loans threaten CRISIS

THE European Union’s banking system has £910BILLION worth of bad debt, an independent regulator has revealed as it lays out emergency plans for a “bad bank” contingency.

The scale of the EU’s banking problem has become “urgent and actionable”, according to Andrea Enria, chairman of the European Banking Authority.

Mr Enria called for a creation of an EU “bad bank” that would buy up the toxic loans from lenders in an attempt to break a financial cycle of falling profits, pressure on lending and struggling economic growth.

Jan 31 09:16

Will Record Short VIX Position Backfire On Speculators?

Speculators (a.k.a., “dumb money”?) are holding their largest net-short position in the history of the VIX futures contract.

Jan 31 08:13

Chinese Army Commander: War With US Increasing Reality

Amid heightening tensions surrounding US President Donald Trump’s protectionist stance, the possibility of a trade war and even physical combat between the world’s two largest economies has become a full-fledged "reality."

Jan 31 07:57

The -other- “ban” that was quietly announced last week

Most of the world is in an uproar right now over the travel ban that Donald Trump hastily imposed late last week on citizens of seven predominantly Muslim countries.

But there was another ban that was quietly proposed last week, and this one has far wider implications: a ban on cash.

Jan 31 07:35

Trump Strikes Deal With Lockheed, Asks "Where Was The Outrage When Jobs Were Fleeing"

Additionally, Trump is dropping headline bombs during a discussion with a press pool at a small business leaders' meeting:

Jan 31 07:31

Trump's Attack on Germany and the Global Economy

U.S. President Donald Trump wants to stimulate the American economy, but he has shown no interest in existing trade deals or in the basic rules of economics. It is a dangerous cocktail for German industry.

Webmaster's Commentary: 

Basically, Germany is taking the position that putting America first represents economic aggression.

Jan 31 07:19

Virginia House Votes 99-0 to Pass Bill that Would Help Support Sound Money

A Virginia bill that would remove sales taxes from some purchases of gold and silver unanimously passed the House last week. The legislation would take an important first step toward encouraging its regular use as currency and breaking the Federal Reserve’s monopoly on money.

Jan 30 15:53

Illinois to once again stop paying lottery winners

Illinois will stop paying lottery winners at the end of June, unless something somehow breaks the budget stalemate in the State Capitol.

Jan 30 15:06


Jan 30 14:51


Jan 30 14:23


Jan 30 13:43

Dow Companies Report Worst Revenues since 2010, Dow Rises to 20,000 (LOL?)

Wall Street hocus-pocus has done an awesome job.

The Dow-20,000 hats have come out of the drawer after an agonizingly long wait that had commenced in early December with the Dow Jones Industrial Average tantalizingly close to the sacred number before the selling started all over again.

Jan 30 13:35

Condo Speculation Collapses in Miami-Dade’s Condo Glut

Preconstruction condo flippers left twisting in the wind.

Jan 30 11:40

FLASHBACK - 40 Years of Gold Manipulation: Beneath the Surface

I’d like to introduce you to Mrs. Louise Boyer, a very decent lady and a highly competent secretary. So competent, in fact, that she spent nearly three decades working as the personal secretary of one of the most powerful men in America, Governor Nelson Rockefeller.

From rubbing elbows with the high society of the world, to arranging his personal meetings with national and international leaders, coordinating his political events, or seeing to the details of his extensive travels, this was obviously an intelligent, capable, and steady lady.

At least, she was. Until she decided in the summer of 1974 to contact a New York newspaper and tell them that she was privy to explosive information regarding the Rockefeller family arranging with the Fed for large amounts of US gold to be sold and shipped to buyers in Europe, reportedly at the official price of $42.22/oz, while gold on the open market was selling for somewhere around $175/oz.

Jan 30 11:37

'One in, two out': Trump signs new executive order banning government agencies from making a new regulation - unless they first slash TWO existing ones

President Donald Trump took action on Monday to slash regulations.

White House officials are calling the directive a 'one in, two out' plan. It requires government agencies requesting a new regulation to identify two regulations they will cut from their own departments.

'The American Dream is back. We're going to create an environment for small business like we haven't had in many, many decades,' Trump declared this morning at a meeting with small business leaders before he signed an executive order authorizing the policy shift.

Jan 30 11:22

Washington State Bill Would Ban Bitcoin For Marijuana Sales

A new bill in Washington state seeks to bar the use of Bitcoin in any sales transaction that involves marijuana. The bill’s sponsor says there is no way to track the cryptocurrency, while opponents of the legislation say that claim “is simply false.”

On Wednesday, a state Senate committee held a hearing on Senate Bill 5264, legislation that targets virtual currency’s role in marijuana transactions. Washington legalized recreational marijuana in 2012, and virtual currency has become a reliable transaction option for many of the state’s cannabis businesses.

Jan 30 08:38

Potential Foreign Buyers Drooling Over The Newest Russian MiG-35 Jet

Webmaster's Commentary: 

That's going to keep Lockeed-Martin up late!

Jan 30 04:56

Why Our System Is Broken: Cheap Credit Is King

You want to fix the economic system, reduce political bribery and reduce rising income inequality? Shut off the cheap unlimited credit spigot to banks, financiers and corporations.

Jan 29 17:35

Women’s March in Seattle hurt holiday sales in Chinatown-International District

Good job libtards! Your butt hurt damaged minority businesses. Aren’t you proud of yourselves?

Jan 29 12:24

California Governor to Get Further Cancer Treatment

SACRAMENTO, Calif. (AP) — California Gov. Jerry Brown will undergo further radiation treatment for prostate cancer first treated in 2012, his office announced Saturday.

Jan 29 12:04

When The Rich Become Preppers, It’s Time To Worry

The social stigma to prepping is fast disappearing

Jan 29 10:49

Get Ready The Storm Is Approaching And It's Almost Upon Us

France warns Greece is running out time for the bailouts, more austerity is needed. Since Obama took office the wealthy got rich and the poor got poorer.

Jan 29 10:21


Jan 29 09:54


The Electronic Frontier Foundation asked: “When you buy a printer cartridge, is it yours? Or can the company control what you do with it, even after you pay your bill and take it home?”

Jan 29 09:52

The One Chart That America's Corporate Elite Don't Want You To See

As we detailed last week, as US financial stocks have soared in the post-election Trumphoria, so bankers have been dumping over $100 million in personal stock holdings...

But, as Barron's details, it's not just the bankers that are bailing out of US stocks (just as the corporate elite and their mainstream media lackeys cajole you and your hard-earned retirement funds back into the most-expensive market ever), it's everyone!!

Jan 29 08:28

A Third Of The U.S. Population Won't Be Able To Afford Water Bills In Just 5 Years

Universal access to water isn't much good if people can't afford that water. That's true in the developing world, but it's also true in the U.S. A new paper from the Michigan State University predicts that "the percentage of U.S. households who will find water bills unaffordable could triple from 11.9% to 35.6%" over the next five years.

Jan 29 08:25

John Williams-Dollar Faces Death Knell, Fed Will Be Forced to Print & Kill Dollar

Economist John Williams says, “We are facing a terrible crisis. . . . In terms of the Fed (getting control) and the long term solvency issues, these are death knells for the dollar. Unless those are addressed, you are going to see massive selling of the dollar, a debasement of the dollar and high inflation that will lead you into hyperinflation.

Jan 29 08:23

Bavarian Prime Minister Calls for Lifting Anti-Russia Sanctions in 2017

Horst Seehofer, the prime minister of Germany's state of Bavaria, said on Sunday that the sanctions imposed on Russia should be lifted before the end of 2017 and Moscow should return to the Group of Eight (G8) that brings together world’s largest economies.

Jan 29 08:22

How Deutsche Bank Made a $462 Million Loss Disappear

The bankers in the room had seen some financial sleight of hand in their day, but the maneuver that Faissola’s staffers proposed was audacious. They described a simple trade in two parts. For one half of the deal, Paschi would make a sure-thing, moneymaking bet with Deutsche Bank and use those winnings to extinguish its 2008 trading losses. Of course, Deutsche doesn’t give away money for free, so for the second half of the deal, the Italians would make a bet that was sure to lose. But while the first transaction was immediate, the second would play out slowly, over many years. No sign of the €367 million sinkhole would need to show up when Paschi compiled its yearend financial reports.

Jan 29 08:17

JP Morgan’s Racist Mortgage Scheme In 2006-2009 Just Cost It $55 Million

Jan 29 07:03

Ron Paul: The Fed Is Tanking The Economy To Damage Trump

The Federal Reserve is hell-bent on tanking the economy in order damage President Donald Trump and turn the people against him, according to former Rep. Ron Paul (R-TX).

Jan 29 01:14

Alex Jones Dances With 5 Jews (No, really.)

To celebrate Trump's win, Alex just happened to find five 'dancing Israelis.'

Jan 28 17:55

Trump Vows To End ‘Student Loans Scam’

President Trump has slammed the previous administration for “profiteering” on student loans, and has vowed to end the “student loans scam”.

Jan 28 14:40

It's The Fed's Responsibility To Pop Asset Bubbles

It is pretty obvious the stock market is not, and has not been trading on actual earnings for a long time, but at these valuations it is starting to get downright scary how far these assets are going to fall in the inevitable market crash when every excessive risk taker runs for the exits at the same time.

Jan 28 14:34

Back Below “Stall Speed”: 2016 Economy Matches Worst Year since Great Recession

Gutted Hopes for a Strong Finish.

Jan 28 11:52


Jan 28 11:41

Modern Delusions, Japan Thinks It Can Balance Its Budget

A recurring problem for most developed-world governments is explaining why last year’s plan didn’t work while convincing voters that this year’s new and improved plan will do the trick. This is especially tough when the new plan is pretty much the same as the old one and therefore just as likely to fail.

Jan 28 10:37


The central authorities in Europe just launched their most important offensive to date in their multiyear War on Cash. The new move comes directly from the European Union’s executive branch, the European Commission, which just announced its intention to “explore the relevance of potential upper limits to cash payments,” with a view to implementing cross-regional measures in 2018.

Maximum limits on cash transactions already exist in most European countries, and the general trend is downward. Last year, Spain joined France in placing a €1,000 maximum on cash payments. Greece went one better, dropping its cap for cash transactions from €1,500 to €500. In simple terms, any legal purchase of a good or service over €500 will need to be done with plastic or mobile money.

Webmaster's Commentary: 

I would like to hope that should the US government attempt to do this in some way, that the reaction would be as (peacefully) fierce against it.

Jan 28 10:27

The inventory has hit the lowest mark since 1999 while sales touching the highest point since 2006. Is this indicating the same peak for the Housing Market that occurred in the eve of 2008 crisis

The inventory has hit the lowest mark since 1999 while sales touching the highest point since 2006. Is this indicating the same peak for the Housing Market that occurred in the eve of 2008 crisis?

Jan 28 10:05

Things Just Got Serious in Europe’s War on Cash

The central authorities in Europe just launched their most important offensive to date in their multiyear War on Cash. The new move comes directly from the European Union’s executive branch, the European Commission, which just announced its intention to “explore the relevance of potential upper limits to cash payments,” with a view to implementing cross-regional measures in 2018.

Jan 28 09:14

GOP chairman to introduce pre-existing conditions bill

The Republican chairman of a key healthcare committee will introduce a bill next week aimed at protecting people with pre-existing conditions in the event that ObamaCare is repealed.

Jan 28 08:54

A Day of Reckoning for U.S. Commercial Real Estate

Even today, there are repercussions from the real estate lending boom that ended with the subprime mortgage crisis.

Jan 28 08:09

The Trap Is Set: “Both Sides Are Utterly Unprepared For What’s Coming”

Some voted for Trump as a political Molotov cocktail… Trump is a business man, you say… He’s going to make things happen… cut taxes…cut regulation… invest a trillion dollar in infrastructure… punish companies that move factories overseas… rebuild the military… restore relations with Russia… start a trade war with China… and a new arms race would create jobs… there’s a lot to unpack there… and those debates are worth having.

However, much of this hinges on a variable that Trump doesn’t control… The Federal Reserve.

…Word is, the Fed is leaning towards increasing interest rates aggressively in 2017 and may engage in anti-inflationary measures to offset Trump’s infrastructure plans… that means the flow of money and credit is about to be tightened…

It also means the Fed is setting itself up for a showdown.

Jan 28 07:22

The top 5 reasons digital payments won't fully replace cash

Cash is king. But for how long? Lots of banks are getting into digital payment mechanisms like Apple Pay and Samsung Pay and some are even experimenting with virtual currency.

Many think this means cash is on the way out. But while I think digital has many advantages, it's time we give cash its due.

Jan 28 02:34

BUST: Trump will take the fall for the economic collapse

Real prosperity in the U.S. will only occur once the Fed collapses under its own ridiculous weight without public scrutiny– or once it is dismantled by public scrutiny birthed from the passage of the aforementioned legislation.

Jan 27 18:56

Deflation Probability Drops to 0% for Next Five Years

Atlanta Fed’s “Deflation Probabilities” index: that horrifying threat (lower prices) has been vanquished.

Jan 27 17:05

Davos 2017: More welfare, more warfare

“It’s a big club and you ain’t in it!”

I often think of these words, spoken by the great comedian George Carlin, when I read about the World Economic Forum meeting in Davos, Switzerland.

Jan 27 15:18

Jeffrey Christian on the Short and Long Term Future of Gold

“There are a number of factors in Europe and around the world that are going to be important and will probably drive investors to the security that gold affords them over the long run,” he said.

Jan 27 13:56

Bitcoin is a Bubble We’ve Seen Before