ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Mar 06 09:53

When it comes to debt, everything is relative, especially if you don’t have a reserve-currency-denominated printing press.

At 49% of GDP, Mexico’s public debt may seem pretty low by today’s inflated standards.

Mar 06 09:35

Amazon And The $150 Million Typo

The Wall Street Journal reported that the outage "cost companies in the S&P 500 index $150 million, according to Cyence Inc., a startup that specializes in estimating cyber-risks. Apica Inc., a website-monitoring company, said 54 of the internet's top 100 retailers saw website performance slow by 20% or more."

Mar 06 09:31

Are 100-Year Mortgages Next? Effects of Negative Real Interest Rates on Nordic Housing Bubble

Wage Growth vs. Housing Price Growth

Mar 06 09:08

This is Worse than Before the Last Three Crashes! So How Long Before the Stock Market Hits The Wall?

This chart shows “multiple compression” is coming.

Mar 06 08:22

A State’s Right to Honest Money — Ron Paul on the Arizona challenge to the Fed.

Audit the Fed is not the only focus of the growing anti-Fed movement. For example, this Wednesday the Arizona Senate Finance and Rules Committees will consider legislation (HB 2014) officially defining gold, silver, and other precious metals as legal tender. The bill also exempts transactions in precious metals from state capital gains taxes, thus ensuring that people are not punished by the taxman for rejecting Federal Reserve notes in favor of gold or silver. Since inflation increases the value of precious metals, these taxes give the government one more way to profit from the Federal Reserve’s currency debasement.

Mar 06 08:17

European Banks Risk Facing a 'Collapse Worse Than the 2008 Financial Crisis'

In a recent report, experts of the Amsterdam-based Transnational Institute think-tank revealed that in 2008-2015, European Union member states spent €747 billion ($792 billion) on different bailout packages for banks.

Mar 06 07:31

Deutsche Bank MELTDOWN: Shares plunge as bank tries to raise £6.9BILLION in call for cash

DEUTSCHE Bank shares have dived by six per cent after it announced a shock share sale aimed at raising €8billion (£6.9bn) of cash in a desperate bid to shore up the German giant.

The chief executive John Cryan previously said such a move would be a last resort for the bank.

Now Germany's largest lender wants to raise the extra capital amid reports of more legal issues, which could lead to more big fines for the troubled firm.

It is the fourth time the bank has had to turn to investors for extra cash since 2010 and suggests Mr Cryan's previous plans to save the bank have failed.

Mar 06 06:09

Copper Confirms the Negative Outlook for Precious Metals and Oil

Looking at the charts, technical analyst Clive Maund sees copper "riding for a fall."

Mar 06 03:59

Has The Date Been Set For The Great Economic Collapse?

Silver and gold was slammed today. Initial jobless claims is at its lowest point in 44 years. BCBG filed bankruptcy. The art bubble is popping. CalPers threatens to slash pension benefits.

Mar 05 18:31

FOREIGN AID FARCE: How £150m of NHS cash is being sent overseas despite health crisis

NEARLY £150 million from Britain’s health budget has been spent on overseas aid projects in the past year – despite the NHS facing the worst crisis in its history.

Mar 05 18:26

Gold Pouring into China, Russia, India

Mar 05 18:25

Rosenberg: This Is Not Normal

Mar 05 13:43

Oil Market Update: You Won't Get a Clearer Warning Than This One

Technical analyst Clive Maund charts changes that portend a "brutal decline" in both the oil and precious metals markets.

Mar 05 09:36

South Jersey house that survived Revolutionary War falls to a stealth attack

Despite the diligent efforts of Kovlak, pastor of the Bellmawr Baptist Church, along with historians and elected officials, including U.S. Rep. Donald Norcross -- as well as a last-ditch legal challenge by the Camden County Historical Society -- the State of New Jersey tore the 253-year-old structure to pieces early Friday morning.

What struck preservation advocates, and this columnist, as a rushed, hush-hush stealth attack took place despite the fact that a new site on nearby Anderson Avenue, as well as partial funding for moving the house, had been identified.

Webmaster's Commentary: 

"Erase their history!" -- The New World Odor

Mar 04 22:42

REVEALED: Technical glitch allows thieves to use cards MONTHS after being reported stolen

UK banks have been accused of being “reckless” after failing to inform those potentially affected by the problem.

It emerged crooks may be able to use the cards for months after they have been reported stolen due to the way the tap and pay feature is set up.

Payments from contactless cards are made “offline”, meaning the bank does not have to authorise the payment at the point of transaction and they are approved automatically.

This means the till does not check the validity of the card or if it has been stolen.

Mar 04 22:18

Immigration and Our Founding Fathers' Values

President Obama claims that restricting immigration in order to protect national security is "offensive and contrary to American values." No-limits liberals have attacked common-sense proposals for heightened visa scrutiny, profiling or immigration slowdowns as "un-American."

America's Founding Fathers, I submit, would vehemently disagree.

Our founders, as I've reminded readers repeatedly over the years, asserted their concerns publicly and routinely about the effects of indiscriminate mass immigration. They made it clear that the purpose of allowing foreigners into our fledgling nation was not to recruit millions of new voters or to secure permanent ruling majorities for their political parties. It was to preserve, protect and enhance the republic they put their lives on the line to establish.

Mar 04 20:15

TSA Gets Down and Dirty with New Pat-Down Procedures

As is obvious from the lead in,the Russians don't appear to be too happy with Trump.

Grab ‘em by the pussy indeed: US airport security is simplifying its pat-down procedures, and things are about to get intimate.

Transportation Security Administration (TSA) agents have always had five pat-down options to choose from in frisking passengers who either requested a physical search or who triggered enhanced security measures. The options included frisking methods that weren't particularly invasive.

Mar 04 15:17

Poor Close Ends Record Run For Stocks - What Happens Next?

Stocks’ record streak without a weak close came to an end yesterday; what does it mean going forward?

Mar 04 10:51

Crude Oil; Facing 800 pound resistance test?

One year ago Crude Oil was falling hard, as it was down nearly 50% over the prior 12-months. How things have changed a year later, as Crude Oil is now over 50% from the lows in 2016.

Mar 04 10:14

What’s Different This Time? Stocks

This market (“Dow 30,000”) assures Fed rate hikes.

Mar 04 09:45

WARNING: WEB BOT, BITCOIN & THE COMEX ARE ALL SCREAMING: "HYPERINFLATION!"

Clif High's web bot ALTA report, the price of Bitcoin, and the hard data showing unimaginable manipulation of silver on the Comex are all screaming the same thing: Hyperinflation is coming, and one day soon, the US Dollar will have very little purchasing power.

Mar 04 08:56

DOW JONES REACHES 21,000! WHAT IS THE GREATER FOOL THEORY?

Former Reagan Administration White House Budget Director, David Stockman has been very vocal about this rally, calling it “insanity”. Stockman is predicting, “A fiscal bloodbath and a White House train wreck like never before in US history” – and a likely government shutdown.

He says, “There will not be Obamacare repeal and replace. There will be no tax cut. There will be no infrastructure stimulus. There will be just one giant fiscal bloodbath over a debt ceiling that has to be increased and no one wants to vote for.”

I’ve never heard of Lynette Zang before, but I find her under-5-minute presentation here to be a truly excellent summary of the financial situation and of the “Severely, ridiculously overvalued and very, very vulnerable market.”

What is the “Greater Fool Theory”? Let’s find out!

Mar 04 08:52

The Fed Is Now Preparing 1 Trillion In QE For The Upcoming Economic Crisis

The Indian economy is breaking down since the demonetization. Caterpillar being investigated because of exports. hhgregg shutting 40% of its stores. Costco getting hit by inflation.

Mar 04 08:47

COSTCO HIKES MEMBERSHIP FEES, TWEAKS PRICING

Mar 04 08:39

Unexpected Turn: US Anti-Russia Sanctions Caused Air Power Crisis in Afghanistan

The Obama administration bought Mi-17s for the Afghan air force where they played a vital role in providing ground support in combat operations and in carrying supplies. However, in 2014 the US government imposed economic sanctions on Russia.

"The Ukraine crisis impacted Afghanistan in a major way," Qayoumi stated on Friday. "After the Ukraine crisis we could not use US funds to acquire any spare parts and that caused a major crisis in air power for Afghanistan."

Mar 04 08:33

Pension Benefit Guarantee Corporation Running Out of Cash, Millions Affected

The Pension Benefit Guarantee Corporation (PBGC), an entity created to “guarantee” pensions of private corporations, is on the verge of bankruptcy.

Teamsters and other unions are poised to take huge pension hits. Previously, airline employees have taken a hit.

Mar 04 08:20

Costco Gets Whacked by Inflation

Costs went up faster than sales; now its high-flying stock is tanking

Mar 03 15:03

STATES WHERE AMERICANS ARE IN MEDICAL DEBT

Mar 03 14:48

The Boom of Women Entrepreneurs, in One Map

Mar 03 14:18

Soros “Invading” China is an Illusion; the Real target is the U.S

“It’s like a hostile force announcing ‘I am invading you’.

Mar 03 13:59

Why the Fed Needs to Raise Rates

I have warned that rates will rise BECAUSE the Federal Reserve will be criticized if they fail to do so when they are faced with a stock market that is rising. However, while one by one, several Fed officials have all signaled in recent days that the Fed is ready to resume raising interest rates as soon as this month, the real crisis for the Fed will be raising rates will strength the dollar and put even more pressure on Europe and emerging markets. Hence, the 64 billion dollar question is will the Fed abandon international policy objectives for domestic?

Mar 03 13:52

Another looming ‘debt’ crisis

Governments produce nothing, so governments must live off of the producers. It is the nature of governments to grow bigger and bigger and consume more and more of the national wealth. Do you see this happening? At some point, government overconsumes the national wealth and collapses. Government finally consumes more than the people can produce. -- So then, modern bankruptcy of national governments is not overspending. It is overconsumption of the national wealth.

Mar 03 13:38

This American-Made Washing Machine Is So Good It's Got a Cult Following

Speed Queen is a Wisconsin-based brand — and yes, they build all of their washers here in the U.S. of A. — that’s been around for 100 years, but don’t feel bad if you’ve never heard of them. They don’t run any national advertisements, and you won’t catch one of their washers in a big-box store.

But people who have discovered the brand are big fans of the durability and cost-effectiveness of its washing machines. Speed Queen spokesman Randy Radtke says sales of the company's home washing machines have been growing lately, partly due to people’s discontent with the way other brands grow mold or conk out after a few years. Millennial homeowners in particular have shown a willingness to pay more for what they perceive as better-quality products, including household appliance. Speed Queen buyers also like that the machines don’t have a lot of complicated parts.

Webmaster's Commentary: 

See? Made in the USA can work!

Mar 03 13:01

Report: Soros-Backed Group Organizes Massive Blockade: ‘He Has A Master Plan To Take Over Natural Resources And Minerals’

At the very beginning of the U.S.-sponsored coup d’état that ousted legally-elected President Viktor Yanukovych and sent him fleeing to Russia, the Maidan movement (comprised of Ukrainian ultra-nationalists) began protests and riots that led to fighting. Maidan was (and is) being both encouraged and supported financially by none other than George Soros. The intent for Ukraine with Soros is no different: to crush the opposition of separatists and enable the U.S.-installed government to rail Ukraine into NATO and the IMF.

Once this has been accomplished, Soros has the “master plan” of taking over a large portion of the Eastern provinces because of the tremendous amounts of minerals and natural resources he wishes to buy for “pennies on the dollar” and then bleed the country white while taking the profits out of the country. As of this writing, Maidan is at it again.

Webmaster's Commentary: 

This could plunge the region into a hot, shooting war at any second; of course, that is just what Soros would love to see happen, then gain control over these resources in yet another putsch.

Mar 03 12:35

Louis Cammarosano: Financial System is Unbelievably Perverse!

Only this time, the ECB is already doing “whatever it takes.”

Mar 03 12:32

Peak Rent? So where will this go from here?

In February, rents in nine of the 12 most expensive US rental markets dropped – or plunged.

Mar 03 12:14

Why Is The Cost Of Living So Unaffordable?

Strip away the centralized power that protects and funds cartels, and prices would plummet. -- The mainstream narrative is "the problem is low wages." Actually, the problem is the soaring cost of living. If essentials such as healthcare, housing, higher education and government services were as cheap as they once were, a wage of $10 or $12 an hour would be more than enough to maintain a decent everyday life.

Mar 03 12:12

11 Quotes From Trump’s Speech To Congress That Show That The U.S. Economy Is In A State Of Collapse

Hopefully Trump’s words helped people to understand that our problems did not get fixed just because he got elected. It is going to take extraordinary action to fix those problems, because our problems run very deep. In particular, Trump made an exceedingly strong case that the U.S. economy has been badly deteriorating for a very long period of time. The following are 11 quotes from Trump’s speech to Congress that show that the U.S. economy is in a state of collapse…

Mar 03 10:37

11 Quotes From Trump’s Speech To Congress That Show That The U.S. Economy Is In A State Of Collapse

Hopefully Trump’s words helped people to understand that our problems did not get fixed just because he got elected. It is going to take extraordinary action to fix those problems, because our problems run very deep. In particular, Trump made an exceedingly strong case that the U.S. economy has been badly deteriorating for a very long period of time. The following are 11 quotes from Trump’s speech to Congress that show that the U.S. economy is in a state of collapse…

Mar 03 09:12

Bank Of America Sets A Date For The Market's "Great Fall"

With the US stock market likely to continue its levitation today, it means that by close of trading, the S&P500 will be above 2,400, the same as Goldman's year end price target, and 100 points away from Bank of America's "euphoric blow off top" destination, which is also known as Michael Hartnett's Icarus Trade. In a note released overnight, Hartnett confirms that he is "sticking with our “Icarus Trade” targets: SPX 2500, GT30 3.5%, DXY 110, oil $70/b", even as he admits that the euphoria level in stocks is unprecedented:

Yes, markets are increasingly overbought (it’s now 96 trading days since SPX fell >1% in one session).

Yes, sentiment is increasingly bullish (our Bull & Bear Indicator is 7.0, close to the 8.0 sell-signal).

Yes, the easy money has been made. But we believe a March Fed rate hike at a time of booming macro data will cause the bears to fully capitulate into risk assets, causing the melt-up toward our targets in Q2.

Mar 03 07:25

Over 300,000 poverty-hit German homes have power cut off each year

Each year between 2011 and 2015, electricity providers cut off power to at least 300,000 German households who could no longer afford to pay their bills, the government revealed on Thursday.

The number of houses which could not afford electricity payments varied between 312,000 and 352,000. The power cut-offs were normally due to poverty, with people on state welfare very often affected.

Meanwhile in 2015, 44,000 households had their gas supply cut off.

Mar 03 07:22

Can “Truth” Prevail? Or the “Fake News”?

According to official US economic data, the US Gross Domestic Product (GDP) has expanded for 22 quarters, raising real GDP 12.1% above its high prior to the 2008-09 economic contraction. Yet, US manufacturing output and US industrial production have not recovered to their pre-contraction high.

So what is driving the real GDP growth? In my opinion, the rise in real GDP is an illusion produced by the under-measurement of inflation.

As I have reported on many occasions, John Williams of shadowstats.com has concluded that changes in the way that the government approaches the measurement of inflation has, in effect, defined inflation away.

Formerly, if a price of an item in an inflation measure rose, the inflation rate would rise by the price times the weight of the item in the index. Today, if a price of an item in an inflation measure rises, that item is removed from the index, and a lower cost item substituted in its place.

Mar 03 07:04

Silver On Sale – 4% Fall On Massive $2 Billion of Futures Selling

Silver fell a very sharp 85 cents from $18.40 per ounce to as low as $17.65 per ounce yesterday for a 4.25% price fall soon after the London bullion markets closed yesterday despite no market news or corresponding sharp moves in other markets.

Webmaster's Commentary: 

More manipulation?

Mar 02 17:18

One bitcoin is now worth more than one ounce of gold

For the first time ever, the price of one bitcoin has surpassed the price of one ounce of gold.

Mar 02 17:16

Public university lays off 79 IT workers after they train outsourced replacements

At the University of California's San Francisco campus, 79 IT employees lost their jobs this week, some of them after explaining to their replacements at Indian outsourcing firm HCL how to do their jobs.

The union representing the employees, University Professional and Technical Employees CWA Local 9119, says it's the first time a public university has offshored American IT jobs.

In a statement sent yesterday, UPTE-CWA says the layoffs could spread, since the HCL contract can be utilized by any of the 10 campuses in the University of California system, the nation's largest public university. "US taxes should be used to create jobs in the US, not in other countries," said Kurt Ho, a systems administrator who was quoted in the union's press release. Ho was required to train his replacement as a condition of getting his severance pay.

Mar 02 15:11

The Iron Fist of the Ruling Class

the federal workfoprce is a Democrat sinecure as is the Ivory Tower

Mar 02 13:49

Stock Market Surge Is An Illusion, The Economic Crisis Date Was Planned 2 Years Ago

Euro breakup odds are increasing because none of the problems have been resolved since 2008. German inflation moves up to 2.2%. NY Teamsters pension runs out of money.

Mar 02 13:15

Feds threaten to shut down giant Las Vegas marijuana festival

We need some stealth weed! Invisible Pot!

RENO, Nev. One of the world's largest marijuana festivals, which is expected to be held this week on tribal land outside of Las Vegas, has been facing a possible shutdown for the past two weeks, according to a letter sent by federal officials earlier this month.

U.S. Attorney Daniel Bogden, based in Las Vegas, sent a Feb. 16 letter to the Moapa Paiute Tribe reminding the tribe that the transport, possession, use and distribution of marijuana is illegal under federal law. The marijuana trade show and festival, planned for March 4 and 5, would be in violation of that law, according to the letter obtained by the Reno Gazette-Journal.

Mar 02 12:52

Pension Funds Going Broke Nation Wide

Mar 02 12:17

Mortgage Crash Coming - Obama ILLEGALLY Robbed Fannie, Freddie to Fund Obamacare

Now we know why the US Senate has refused to confirm Dr. Ben Carson @ HUD.

Mar 02 09:59

Obamacare Lite: Sen. Paul's **URGENT** message on Twitter

Congress is hiding the Obamacare bill in a secure location under lock & key. Nobody can read.

Mar 02 09:57

Sjuggerud: Why rates can go even LOWER

Mar 02 09:47

Viktor Orban – ‘Ethnic homogeneity’ is Vital to the Economy

Hungarian Prime Minister Viktor Orban has announced that his nation will build a second barrier between Hungary and Serbia to keep out migrants.

Mar 02 09:11

Prominent Hedge Fund Trader Jumps To His Death In Manhattan

A prominent 47-year-old hedge fund trader was killed when he jumped from a luxury apartment building on Manhattan's Upper West Side, in an apparent suicide, authorities told the NY Post.

Kevin Bell, most recently head of Credit Risk at Arrowgrass Capital, jumped from a ninth-floor kitchen window at the Apthorp building on West End Avenue near West 79th Street around 7:20 a.m. He landed on scaffolding that was set up in front of the building and was pronounced dead at the scene.

Bell left a note indicating he had been depressed, the source said. He had a history of depression, the source added.

According to the NY Post, Bell left behind a wife and two daughters. His family was at home when he jumped, according to the source. “The family is hysterical. He was under a lot of meds.

Mar 02 09:07

CalPERS Threatens To Slash Pension Benefits By 63% For Some Unfortunate East San Gabriel, California Workers

Last October we wrote about the unfortunate situation in Loyalton, California whereby CalPERS was threatening to slash pension payments to a group of retired city workers after their City Council members failed to understand basic pension accounting and the unintended consequences of terminating their plan (see "Pension Benefits In Tiny California Town To Be Slashed As "Ponzi Scheme" Is Exposed"). Now it seems as though retirees of the East San Gabriel Valley Human Services Consortium may be facing a similar fate after their former municipal employer failed to pay their pension dues.

Mar 02 08:47

Trump Avoid Debt Crisis ? “Extremely Unlikely” says Rickards

The upcoming March 15 U.S. debt ceiling deadline is something that is being largely ignored by markets and most media for now. Despite it being just 9 trading days away. This will change in the coming days and is one of the many reasons why we are bullish on gold.

Mar 02 08:25

FLASHBACK -- US Congressman Kucinich Has Introduced the NEED Act

On Wednesday 21st September Congressman Dennis Kucinich took a crucial and heroic step to resolve US growing financial crisis and achieve a just and sustainable money system by introducing the National Emergency Employment Defense Act of 2011, abbreviated NEED.

While the bill focuses on unemployment crisis, the remedy proposed contains all of the essential monetary measures being proposed by the American Monetary Institute in the American Monetary Act.

This bill would place the money system under constitutional checks and balances.

Mar 02 08:16

FLASHBACK - The Rockefellers, The Rothschilds and many other giant Dynasties…

The US was the biggest gold reserve holder in the entire world, with 28,000 metric tons of gold in its vaults (60% of the world’s total gold reserves). Most, if not all, of that gold disappeared from the UST, whilst the financial industry and the debt driven economy, expanded. First there was the London Gold Pool selling central bank gold reserves, then in 1974 Louise Auchincloss Boyer discovered that N. Rockefeller was selling UST Fort Knox gold. Three days later she fell out of her window (July 3, 1974). Immediately afterwards a Fort Knox propaganda tour was organized.

Mar 02 08:12

Residents of Donbass rejoice in 'change to community management' of oligarch owned businesses

Yenakiyevo, where one of the largest steel plants known as YMP is located, was the site of a rally in support of the nationalization* of the plant by DPR authorities. The plant is owned by an infamouss oligarch known as Rinat Akhmetov, through his group "Metinvest". The plant's productions ceased last week, amidst a blockade of DPR products by Ukrainian extremist nationalists, who also marched in protest against the embattled and deeply unpopular Poroshenko government who is not only despised by DPR and LPR residents, but also by nationalists within his own country.

Mar 02 08:00

BRING BACK THE LIRA! Italy should reclaim currency, former PM Silvio Berlusconi says

ITALY must reclaim monetary sovereignty by bringing back the lira to exist alongside the euro, according to the country's ex prime minister Silvio Berlusconi.

Mar 02 07:55

Trade War: Trump Proposes to Ignore WTO Rules That ‘Violate’ US Sovereignty

The Trump administration is preparing to ignore rulings by the World Trade Organization which the President considers to be in violation of US sovereignty and damaging to US interests, according to a leaked report prepared by the White House.

Webmaster's Commentary: 

More leaking.

Mar 02 07:55

South India boycotts Pepsi & Coca-Cola to help local farmers

Sales of Coca-Cola and Pepsi have been banned in the southern Indian state of Tamil Nadu. Two of the biggest trade associations in the region called for the boycott in favor of Indian products starting March 1.

The American soft drinks giants have been accused of taking too much water from rivers with local farmers left battling for proper irrigation of the land at the time of a severe drought.

Mar 02 07:21

Rob Kirby-World is Extremely Flush with Money, Crack-up Boom Here Now

Macroeconomic analyst Rob Kirby says, “The world is flush with money, extremely flush with money.” This is causing some to worry about the instability of hyperinflation.

Mar 02 06:10

PHILLY DEMOCRATS NEED TO TAKE A BUSINESS CLASS

Maybe democrat politicians and government drones should have taken a few business courses in college when they were getting their degrees in African Studies and Lesbian Studies.

Mar 02 05:51

Rand Paul: "It isn't our responsibility to rebuild everybody's country."

During a Senate Foreign Relations Committee Hearing on February 28, Senator Paul pointed out that we've been in Iraq for over ten years, we've wasted trillions of dollars, we're broke, and it simply can't continue.

Mar 02 05:29

Sen. Rand Paul: Conservatives Across the Country Don't Want "Obamacare-Lite"

The extremely whiny and obviously far-left liberal FOX News host Stuart Varney, who's not even American, kept insiting about 15 times that Rand Paul "compromise" on his replacement bill.

Mar 02 03:16

11 Quotes From Trump’s Speech To Congress That Show That The U.S. Economy Is In A State Of Collapse

After Tuesday night, nobody should have any more doubt that the U.S. economy has been in the process of collapsing.

Mar 01 18:28

Rickards: Get ready for the coming debt ceiling panic

America is going broke.

Mar 01 17:04

The Fictitious Economy: Hiding How The Economy Really Works

Michael Hudson is a distinguished research professor of economics at the University of Missouri, Kansas City. He’s the author of many books including, “The Bubble and Beyond” and “Finance Capitalism and Its Discontents”, “Killing the Host: How Financial Parasites and Debt Destroy the Global Economy,” and most recently, of course, “Junk Economics”.

Mar 01 15:07

U.S. Border Patrol Hiring In Arizona, South Texas, West Texas & New Mexico - Permanent, Full Time Positions

The U.S. Department of Homeland Security's U.S. Customs and Border Protection posted a wide variety of new job openings this morning at their official website, including departments of Border Patrol Agents, CBP Officers, Air Interdiction Agents, Marine Interdiction Agents, and many more. The Border Patrol Agent opening states that applicants can not be over 40 years old, must be U.S. Citizens, pass a polygraph, as well as numerous other background and educational requirements.

Mar 01 14:56

Will Gold Prices Finally Pull Back or Continue Marching Ahead?

Gold prices are up more than 11% since bottoming last December. Their gains last week took the gold market right up to its 50-week moving average. In 2015, attempted rallies reversed at the 50-week moving average. Could this level once again serve as a barrier to further price advances?

Mar 01 14:50

Jim Rickards: Obama Has Tied Trump’s Hands

America is going broke. That’s not an opinion or scare tactic — it’s a fact based on simple arithmetic. President Trump could be forced to face this fact as early as March 15, the date the latest U.S. debt ceiling suspension ends.

Mar 01 14:50

So What Are We Going to Do with the Retail Malls?

The Painstaking Relentless Collapse of Brick-and-Mortar Retail.

Mar 01 14:48

GOP wants to eliminate shadowy DOJ slush fund bankrolling leftist groups

Judicial Watch’s Tom Fitton told Fox News. “It’s a shakedown. It’s corrupt, pure and simple.”

Mar 01 14:33

FIDELITY OFFERS BUYOUTS TO 3,000 OLDER WORKERS

Mar 01 14:29

Art Market Bubble Bursting - $85 Million Gauguin Collapses 74%

Russian billionaire Dmitry Rybolovlev paid €54 million or $85 million for a landscape by Paul Gauguin in a private transaction in June 2008.

Mar 01 14:15

CROCS WILL CLOSE 160 STORES

Mar 01 14:12

Washington House Votes 98-0 To Decriminalize Industrial Hemp

By Michael Maharrey

Yesterday, the Washington state House unanimously passed bill that would remove industrial hemp from the state’s “controlled substances” list. Passage into law would set the stage for people there to nullify federal prohibition on the plant in practice...

Mar 01 13:47

The New World Order is Dead On Arrival

A masterpiece from Stuart Wilde.

Mar 01 13:35

WENDY’S INSTALLS ROBOTS IN 1,000 STORES TO COUNTER MINIMUM WAGE

The fast food industry is now reacting to the mandatory minimum wage increases… For the last several years, the Free Thought Project has been predicting what will happen as government continued to arbitrarily fix wages across the US. As politicians deceive their constituents into thinking financial success can come through an act of legislation, employers will find a way to offset this cost. It will either come through higher prices or, in this most recent Wendy’s case — robots.

Mar 01 13:33

Advocates Renew Push for Legalizing Raw Milk in Hawaii

Currently, raw milk is legal in 42 states in some form or another...

Mar 01 13:30

How We Got Here In One Sentence

In every annual budget debate since the 1980s, one side figures out that the way to get what it wants – which is higher spending – is to frame the request in a particular, ingenious way: We have to borrow and spend way more now if we want to borrow and spend way less later. History has of course proven this argument to be idiotic, but because it moves the pain of living within our means into the indefinite future, it always manages to attract enough votes to win the day.

Mar 01 13:25

SPANISH GOVERNMENT APPOINTS A ‘SEX CZAR’ TO REVERSE COUNTRY’S DECLINING POPULATION

The Spanish government has created a new post in an attempt to boost pregnancy rates and halt the country’s declining population. The role of the so-called “sex czar” is to be taken up by Edelmira Barreria Diz, a demographics expert and senator in the Galician parliament. According to official statistics, Spain recorded a lower number of births than deaths last year, the first time this has happened since 1941.

Mar 01 11:27

A Secret History of Money Power

Contemporary financial analysts Sidney Homer, who worked for Salomon Bros., and Professor Richard Sylla, in their historical study of interest rates, state that the first known law on the issue was that of Hammurabi, 1800 BCE, during first dynasty Babylonia, who set the maximum rate of interest at 33?% per annum “for loans of grain, repayable in kind, and at 20% per annum for loans of silver by weight.”5Sumerian documents, circa 3000 BCE, “show the systematic use of credit based on loans of grain by volume and loans of metal by weight. Often these loans carried interest.”

As early as 5000 BCE in the Middle East, dates, olives, figs, nuts, or seeds of grain were probably lent to serfs, poor farmers, or dependants, and an increased portion of the harvest was expected to be returned in kind…. Earliest historic rates were reported in the range of 20–50% per annum for loans of grain and metal.6

Mar 01 11:22

Venezuela is down to its last $10 billion

Venezuela only has $10.5 billion in foreign reserves left, according to its most recent central bank data.

For rest of the year, Venezuela owes roughly $7.2 billion in outstanding debt payments.

Mar 01 11:21

Real Personal Spending Crashes Most Since 2009

While the key number analysts were looking for in today's Personal Spending data was the PCE Price Index, both headline and core, which rose by 1.9% and 1.7% respectively, the latter coming in as expected, just shy of the Fed's 2.0% inflation target, the internals on US incomes and spending were just as notable. Here, the silver lining of a rise in incomes (+0.4% MoM vs +0.3% exp) was dashed by a disappointingly slow growth in spending (+0.2% vs +0.5% prev).

Webmaster's Commentary: 

People have developed a strong frugal sense and are holding onto their money.

Mar 01 09:27

NEW UNCOVERED INFORMATION: Why Central Banks Were Forced To Rig The Gold Market

According to newly uncovered information in the gold market, it provides additional evidence of why the Fed, Central Banks and the IMF were forced to RIG the gold market. Actually, looking at this new information, I had no idea of the amount of Fed, Central Bank and IMF gold market intervention until I put all the pieces together.

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