Feb 06 14:24

Governor Scott Walker Attacks Wisconsin’s Working Poor

Wisconsin Republican Governor Scott Walker has begun a statewide tour with the former Governor Tommy Thompson to promote a so-called welfare reform measure, which is included in Walker’s 2017-2019 state budget proposal. The governor titled his new program Wisconsin Works for Everyone, and has pushed the usual and customary right-wing buttons to demean and slander the working class and the poor. At a Milwaukee news conference, Walker said, “We fundamentally believe that public assistance should be a trampoline not a hammock.”

Feb 06 12:57


Feb 06 12:56

German Default Risk Spikes To Highest Since Brexit As Merkel Lead Plunges To Multi-Year Low

Germany’s Social Democrats narrowed the gap with Chancellor Angela Merkel’s bloc to the closest in more than four years, reinforcing a poll bounce after they chose outsider Martin Schulz to challenge Europe’s longest-serving leader. As Bild reports, the 6-point surge in opposition support was the biggest ever recorded for the party... and may explain why German sovereign risk spiked to its highest since Brexit.

As Bloomberg reports, support for the SPD jumped 8 percentage points to 29% from a month earlier, the highest level since the last election in September 2013, according to the Infratest-Dimap for broadcaster ARD. Merkel’s Christian Democratic-led bloc, known informally as the Union, slid 3 points to 33%. Half of those surveyed would support Schulz if the chancellor were elected directly, compared with 34% for Merkel.

Feb 06 12:56

Grexit 4.0? Varoufakis Urges Tsipras: Ditch Negotiations, Adopt "Parallel System"

In his article, Varoufakis suggested that Schaeuble’s strategy is to lead Greeks to the point of exhaustion so they ask to leave the euro themselves.

Noting that the “parallel payment system was already designed in 2014”, Varoufakis stresses that Tsipras had “two delusions” that led the government to the current impasse:

a. that on the night of the referendum, the dilemma was between Schaeuble’s Grexit Plan and the 3rd bailout

b. that the obedience to the 3rd bailout could be political manageable through a parallel, society-friendly program.
Both of these “working assumptions” were based only on autosuggestion, the ex finance minister stresses adding that he tried to explain this to the Prime Minister on the night of the referendum

Feb 06 12:54

America's Biggest Companies Are Slashing Jobs At The Fastest Rate Since The Financial Crisis

Just last week, Americans were reassured (twice) that everything is awesome in the US labor market as ADP and BLS data showed jobs-jobs-jobs everywhere. However, along with wage stagnation (and a rising unemployment rate), there is a bigger problem, as Deutsche Bank warns, aside from soft earnings, hiring at America’s biggest companies is slowing down for the first time since 2010.

Casting some serious doubt on just how strong the hiring environment is, Yahoo's Myles Udland notes that Deutsche Bank illustrates that employment at big US companies is plunging for the first time since the recession.

Feb 06 10:08

Arizona House Committee Passes Bill To Support Sound Money

An Arizona bill that would eliminate state capital gains taxes on gold and silver specie, and encourage its use as currency, passed an important House committee this week. Final approval of the legislation would help undermine the Federal Reserve’s monopoly on money.

Feb 06 09:23


Last year the veil of invincibility seemingly came off the secretive Rothschild banking empire, as Baron David de Rothschild and his company the Rothschild Financial Services Group were indicted by French prosecutors for allegedly defrauding British pensioners in a scheme that saw large sums of money embezzled.
Only two months ago, we reported on the Swiss branch of the Edmond de Rothschild Group announcing that they were the target of a French criminal probe “regarding a business relationship managed by a former employee.”

Now, the Luxembourg unit of Rothschild banking empire is being investigated by the Luxembourg state prosecutors office — alleged to have sent hundreds of millions of dollars to an account at a bank in Luxembourg that originated from 1Malaysia Development Berhad (1MDB).

Webmaster's Commentary: 

One has to wonder what will happen at the end of the day with this case; most likely, at the end of these investigations, there will be a slap on the royal wrist, coupled with an admonition to "never do it again".

Unfortunately, however, the only way to really prevent such heinous behaviour is for the governments investigating these crimes, if in fact, institutions are convicted of them, is to throw the collective backsides of those who signed off on these practices in jail, and NOT into the European equivalent of a Club Fed.

Feb 06 09:14


When debt grows much faster than GDP for an extended period of time, it is inevitable that a good portion of that debt will start to go bad at some point. We witnessed a perfect example of this in 2008, and now it is starting to happen again. Commercial bankruptcies have been rising on a year-over-year basis since late 2015, and this is something that I have written about previously, but now consumer bankruptcies are also increasing. In fact, we have just witnessed U.S. consumer bankruptcies do something that they haven’t done in nearly 7 years. The following comes from Wolf Richter…

US bankruptcy filings by consumers rose 5.4% in January, compared to January last year, to 52,421 according to the American Bankruptcy Institute. In December, they’d already risen 4.5% from a year earlier. This was the first time that consumer bankruptcies increased back-to-back since 2010.

Webmaster's Commentary: 

At every level, now is absolutely not the time for complacency.

Please; pay down as much of your debt as is reasonably possible; every time there is a raise in the Fed rate, no matter how microscopic, it probably means that the interest in your credit card is going to rise as well.

Have no more money in your checking account than you need to pay your bills; make sure you have precious metals on hand, just in case the economic excrement does hit the ventilation shaft. If we are, in fact, looking at an impending economic apocalypse, things are likely to go very badly very quickly, with very little warning whatsoever.

Prep, prepare, and have a very good plan for what you need to do to protect yourself, and those you care about, including having a bug-out bag; long-term storable food and water; and extra medications for yourselves and your pets.

IF you have kids in school, pay very close attention to what the policies and procedures are if you believe you need to get your children out of school very quickly, for whatever reason.

All the above is prudent, responsible, and necessary right now.

Feb 06 08:25

Pension Tsunami

The oncoming wave of public pension debt is even bigger than it seems. The purpose of this website is to provide an overview of the multiple pension crises that are about to drown America's taxpayers. Our primary focus is on California, but we also track other states, corporate pensions, social security and international trends.

Webmaster's Commentary: 

Pensions are in serious trouble going back to at least 2008. The latest push is for government to seize 401Ks and pour that money in to save the pensions .... but without changing the management that broke them in the first place.

Feb 06 07:20

Coffee Company Responds To Starbucks, Pledges To Hire 10,000 Veterans

Shortly after Starbucks CEO Howard Schultz penned a letter in which he promised to hire 10,000 refugees over the next five years in the aftermath of Trump's immigration executive order, a veteran-run coffee company has issued a rejoinder to Starbucks, promising to hire 10,000 veterans itself according to Fox News.

Black Rifle Coffee Company, or BRCC, which describes itself as a “premium small-batch, roast to order, veteran owned and operated coffee company” responded to Starbucks - or “Hipsterbucks” as they call the global coffee chain - announcing a pledge via Instagram to hire 10,000 veterans. This is what CEO Evan Hafer tweeted on Wednesday.

Feb 05 09:14

Silicon Valley Hubris Knows No Bounds: There’s a Lot More at Stake in this IPO than Just Toxic Financials

Silicon Valley hubris seeks third-class vote-less stockholder.

Feb 05 08:43

Franklin Roosevelt - Executive Order 6814—Requiring the Delivery of All Silver to the United States for Coinage

By virtue of the authority vested in me by the Silver Purchase Act of 1934 and of all other authority vested in me, I, Franklin D. Roosevelt, President of the United States of America, do hereby require the delivery of all silver situated in the continental United States on the effective date hereof, by any and all persons owning, possessing, or controlling any such silver, and do hereby require any and all persons owning, possessing, or controlling any such silver to deliver the same in the manner, upon the conditions and subject to the exceptions herein contained, such action being in my judgment necessary to effectuate the policy of the Silver Purchase Act of 1934. . . .

Section 2. Silver required to be delivered..–There shall be delivered in accordance with the terms of this order all silver situated in the continental United States on the effective date hereof

Webmaster's Commentary: 

Friday I commented on how Roosevelt confiscated gold but not silver. An alert reader has pointed out my error. Apparently following the confiscation of gold, Roosevelt did confiscate certain categories of silver.

Feb 05 08:16

Deutsche Bank fined for $10 billion sham Russian trades

Deutsche Bank (DBKGn.DE) has agreed to pay $630 million in fines for organizing $10 billion in sham trades that could have been used to launder money out of Russia, the latest in a string of penalties that have hammered the German lender's finances.

In two detailed reports, U.S. and British regulators criticized the bank for not knowing the customers involved or the source of money for the trades, which helped buoy revenue during a slowdown following the global financial crash.

Feb 05 08:12

Game-changers ahead on the (long) Maritime Silk Road

Despite the Pentagon's predictably shrill notes, both China and India are only interested in making deals to expand and protect their supply chains

Feb 05 08:04

Italy Increasingly Likely To Abandon The Euro

An analysis of the political setup in Italy shows eurosceptics are on the verge of taking control of the country.

The only missing ingredient is an early election. And early elections are now the odds-on favorite.

Let’s back up a bit to fill in the pieces as to how things got to this point.

Feb 04 21:13

Beyonce’s Clothing Line Is Paying Sweatshop Workers 54 Cents/Hour, Sources Say

Beyonce’s Ivy Park apparel line is still abusing factory workers in Sri Lanka, according to more claims disclosed over the weekend. The clothing line, which preaches female empowerment, is paying women approximately 54 cents an hour.

Feb 04 20:00

Big Time Price Inflation Coming - Ron Paul Interview

Congressman Ron Paul is with us today to discuss the actual situation of the politics and economy regarding the precious metals market and why people are loosing confidence in the dollar.

Feb 04 14:16

Are We Facing A Greater Depression or Weimar HyperInflation?

As the monetary magic show continues to unfold it seems our options are running thin as to how our economies can pull out of this ongoing illusion.

Feb 04 13:21

This important chart shows why gold could hit $6,000 by 2019

“You’re crazy, buying gold now!”

Feb 04 12:44

Markets Smell a Rat as Central Banks Dither

NIRP is dying.

Feb 04 10:34

A Large Crack Appeared In The Global Market…. And No One Noticed

The global markets were humming right along until a large cracked appeared in 2015. This big crack in the global economy seemed to go unnoticed, however the implications are quite serious if the trend continues.

Feb 04 08:48


Since the early 1920s unsubstantiated reports have circulated to the effect that not only German industrialists, but also Wall Street financiers, had some role — possibly a substantial role — in the rise of Hitler and Naziism. This book presents previously unpublished evidence, a great deal from files of the Nuremburg Military Tribunals, to support this hypothesis.

Feb 04 05:50

Dept. Of Transportation Warns: "Tesla's Autopilot Requires The Continual And Full Attention Of The Driver"

The National Highway Traffic Safety Admnnistration, under the U.S. Department of Transportation, has issued its official report on the crash of a Tesla so-called "Auto-pilot" vehicle which crashed into a big rig last summer. While the corporate media has tried to merely blame driver error, the very first line of the actual NHTSA report admits that the vehicle may not functioned as designed: "Problem Description: The Automatic Emergency Braking (AEB) or Autopilot systems may not function as designed, increasing the risk of a crash." The NHTSA continually emphasizes throughout the report that "Advanced Driver Assistance Systems, such as Tesla's Autopilot, require the continual and full attention of the driver to monitor the traffic environment and be prepared to take action to avoid crashes." They conclude noting "The closing of this investigation does not constitute a finding by NHTSA that no safety-related defect exists."

Feb 04 05:00

"We're Determined To Deliver More Opportunity, Jobs And Safety For The African American Citizens!

This week in President Donald Trump's weekly address to the nation he talks about Black History month and his Administration's commitment to helping "the African American citizens of our country".

Feb 04 04:11

Colleges have become sissy farms

Feb 03 17:09

Bill Gross Says January Jobs Report Is 'Schizophrenic'

Bill Gross, fund manager at Janus Capital, reacts to the U.S. January jobs report and talks about his skepticism that real U.S. GDP growth can reach 3-4 percent.

Feb 03 15:28

Let’s call a shovel a spade

There is no such thing as ‘shovel ready’ sitting on someone’s shelf waiting to go. With Trump’s construction background, he knows that and after exposure of Obama’s empty ‘shovel ready’ shelf, the Democrats know that. Repairing a creaky infrastructure requires substantial engineering for development of documents that the shovel wielders can bid on which will take a minimum of two to three years to even be bid-ready.

Feb 03 15:26

The Central Banks Face Unwelcome Realities: Their Policies Boosted Wealth Inequality and Failed to Generate "Growth"

Rather than be seen to be further enriching the rich, I think central banks will start closing the "free money for financiers" spigots.

Feb 03 14:25

It’s Time We Talked About Our Owners

How vast asset managers impact “our increasingly cartelized economy.”

Feb 03 13:53

Trump Just Declared Open Season on Suckers

The president is framing his deregulation plan as a way for consumers and bankers to enjoy more freedom. Because, you know, that worked so well the last time around.

Feb 03 13:26

The “Other” Dow Theory Is Waving A Red Flag

While the Dow Industrials remain near all-time highs, the Utilities are well off of their highs; this has signaled trouble in the past.

Feb 03 13:18

Is Trump Setting His Sights On The Federal Reserve To Expose It?

Brazil's unemployment creeps up. US continuing initial claims continually rises.

Feb 03 13:04

Inflationary fears could soon return

Inflation is quietly ticking higher across most of the world’s major economies.

Feb 03 13:02

China’s demand for gold can’t be met

A couple of weeks ago, I was in Toronto meeting with gold industry experts. One night, I spoke with a man who has been in the gold business for over 45 years.

For over four decades, this man has bought and sold gold. He has bought and sold gold mining shares. He has bought and sold gold mines. During this time, he has also worked with the Chinese government, Chinese industry and Chinese investors. He knows a few things about gold, and about Chinese gold.

Feb 03 12:43

This bond bull isn’t dead yet

“The bond bull market is over!” How many times have you heard that in the past six months? The past year? Or, for that matter, the past five years?

Time and again, the bond bears have declared the bull market over. They just can’t believe U.S. rates can possibly go lower. Time and again the bears have been proved wrong, and the bond market rally continues.

Feb 03 11:07


Feb 03 10:46

Gold, Platinum on Faber's Radar; Expect 'Year of Disappointments'

Investors may be in for a “year of disappointments” and precious metals may prove to be a useful hedge, this according to famed contrarian investor Marc Faber.

Feb 03 10:44

The problems of the banks have not gone away

Feb 03 10:44

Gold & Silver about to repeat very bullish pattern?

The movie Groundhog’s day, was released back in 1993, starring Bill Murray. Murray plays an arrogant Pittsburgh TV weatherman who, during an assignment covering the annual Groundhog Day event in Punxsutawney, Pennsylvania, finds himself caught in a time loop, repeating the same day again and again.

Feb 03 10:34

U.S. Job Growth Beats Expectations In January, Wages Soft

U.S. job growth surged more than expected in January as construction firms and retailers ramped up hiring, which likely gives the Trump administration a head start as it seeks to boost the economy and employment.

Nonfarm payrolls increased by 227,000 jobs last month, the largest gain in four months, the Labor Department said on Friday. But the unemployment rate rose one-tenth of a percentage point to 4.8 percent and wages increased modestly, suggesting that there was still some slack in the labor market.

Revisions to November and December showed the economy created 39,000 fewer jobs than previously reported. Still, the labor market continues to tighten, which could soon spur a faster pace of wage growth. Federal Reserve officials view the labor market as being at or near full employment.

Webmaster's Commentary: 

Oh, really?!?

At "full employment"?!?

Then how does the Fed account for these numbers?!?

95 million Americans not participating in the labor force as of December, 2016

There is one of two possibilities here; either the Fed, and Reuters, are lying their collective heads off, or the "95 million Americans not participating in the labor force" headline is a lie.

These numbers are mutually exclusive.

Given the propensities of both Reuters and the Federal Reserve to lie to the American people with impunity, I would tend to trust the source for the article.

Feb 03 09:37


On Friday, President Donald Trump plans to sign an executive action to scale back the 2010 Dodd-Frank financial-overhaul law, in a sweeping plan to dismantle much of the regulatory system put in place after the financial crisis. The order won't have any immediate impact. But it directs the Treasury secretary to consult with members of different regulatory agencies and the Financial Stability Oversight Council and report back on potential changes.

"There are quite a few things that we could do on Dodd-Frank ... that we think will have fairly immediate and dramatic impact," the official said, including personnel changes at regulatory agencies and additional executive orders.

Feb 03 08:53

Irreversible Damage - The U.S. Economy Cannot Be Repaired

As I outlined in my article 'The False Economic Narrative Will Die In 2017', the mainstream media has been carefully crafting 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. The signs are already present, and this fits exactly with the basis for my prediction of the Trump election win - conservative movements are indeed being set up as scapegoats for a global economic crisis that international financiers actually created.

Feb 03 08:44


The biggest "question of importance" referred to in the most revealing quote above is:

Feb 03 08:35

Guess which major Hollywood studio has suffered a whopping $913 MILLION loss?

THE BOX OFFICE failure of major Hollywood movies like Passengers, Inferno, Arrival and Billy Lynn’s Long Halftime Walk have contributed to Sony Pictures’ epic $913 million (£730 million) loss.

Feb 03 08:31

Work until you DROP! Ministers WILL raise retirement age to 74 - shock Treasury prediction

BRITONS in their 20s face decades of hard work ahead of them as the Treasury predicts the retirement age will rise by 10 years to 74 as the cost of living longer spirals out of control.

Feb 03 07:57

Apple missed deadline for multi-billion euro tax payment to Ireland

American tech giant Apple has not paid all the €13 billion ($13.9 billion) owed to Ireland for receiving illegal tax benefits despite passing the deadline, according to EU competition chief Margrethe Vestager.

Feb 02 17:53

GoPro lost $373 million during its awful 2016

Feb 02 17:42

2016: Snapchat loses $515m... 2017: Snapchat rips veil off $3bn IPO

'AND WE MAY NEVER MAKE A PROFIT,' laughs photo-spaff app maker all way to the bank

Feb 02 17:38

Is America in a Bubble & Will America Ever Return to "Normal"

Analysts and talking heads have an awful lot of opinions. Are we in a bubble or aren't we. Rather than offer another opinion, I'll offer the relationship of US economic activity (GDP) against the Wilshire 5000 (representing US equities) and the Federal Reserves gauge of American wealth, Z1 Household Net Worth series. Then you decide.

Feb 02 15:28

The Market Looks Tired Here and About To Roll Over

We discuss the weak price action of the market, and we think the market is about to roll over and test the 2180-2200 area, we want to stay short into these levels, and see how stocks and the financial markets react to these levels from a stops evaluation basis.

Feb 02 15:18

One Income For All: Far-Fetched, Or Future Fact?

It is a utopian idea, literally, but is enjoying a renaissance as politicians and policy wonks grapple with technology-driven changes that could redefine our very understanding of work.

If robots and machine intelligence threaten to render many white-collar jobs obsolete, then what will people do for money?

Feb 02 15:15

Rents Plunge in Costliest US Cities, Soar in Mid-Tier Cities

Something is afoot.

Feb 02 14:51

The Coming Crisis in Central Banking

The question of when will central banks fail is a popular one that comes in. Suffice it to say, the turmoil will hit Europe first. While so many people blame the Fed for all sorts of things, you must realize that Roosevelt usurped the Fed during the Great Depression and imposed a single interest rate administered from Washington.

Feb 02 14:41

The US Economy Flashed Another Major Warning Sign Of A Depression

UK Parliment authorizes Theresa May to proceed with Article 50. Italian youth unemployment surges to 40%. US adds unexpected 246k jobs in January.

Feb 02 14:38

Car Sales Crash, But It’s Complicated

Despite what you might think, automakers did not “cut back” on fleet sales. But keep an eye on Uber & Lyft.

Feb 02 14:36

As the War on Cash Accelerates, Governments Look to Bitcoin

With India’s recent move toward a cashless society, it’s becoming increasingly clear that a worldwide effort is underway to move away from physical currency, according to Norbert Haering, Ph.D., writer for Germany’s leading business newspaper, Handelsblatt, and author of The Abolition of Cash and the Consequences.

Feb 02 14:13

Andrew Hoffman – Coming Apart at the Seams!

Feb 02 13:41

The biggest threat to stocks (that nobody is talking about)

The biggest threat facing stock market investors today isn’t the sluggish economy, a potential recession, the Trump presidency, potential Fed hikes or even a terrorist attack.

Feb 02 12:49

How critical NAFTA is for Mexico

NAFTA, since its inception has been one of the most controversial trade agreements in the world. In its essence, it was bound to create some disturbances and radical shifts in the economies of the three nations- Canada, USA, and Mexico. However, NAFTA is now mostly discussed because of a seemingly unavoidable trade war between Mexico and US, an unfortunate event for regional and global trade if it happens.

Feb 02 12:29

"This Is Unacceptable" - Congressman Slams Yellen For Prioritizing Foreign Banks Over "America's Interests"

Finally, the Fed is in Trump's sights.

In what may be a harbinger of major headaches to come for the Fed, a recent letter (Jan. 31) penned by Republican representative Patrick McHenry, Vice Chairman of the Financial Services Committee, has lashed out at Janet Yellen, telling the Fed chair in no uncertain terms that "despite the clear message delivered by President Donald Trump in prioritizing America's interest in international negotiations, it appears that the Federal Reserve continues negotiating international regulatory standards for financial institutions among global bureaucrats in foreign lands without transparency, accountability, or the authority to do so."

His assessment of this ongoing activity by the Fed: "This is unacceptable."

Feb 02 12:26

The short seller who nailed Valeant has a new target

Andrew Left sure knows how to pick a fight.

A little more than a year after his improbable takedown of Wall Street darling Valeant Pharmaceuticals, the blustery short seller is at it again. And the head of Citron Research is using the same blueprint as he sets his sights on TransDigm and its founder and Chief Executive Officer Nicholas Howley.

Feb 02 11:49

Bernie Sanders and Rand Paul in a Steel Cage Death Match

Prompted by Senator Paul, Price said that during his days working in a hospital and later when he was in private practice, everyone who turned up was treated even if they could not pay. What Paul and Price neglected to mention is that you’ll still get a bill and God help you if you can’t pay. If you have assets—say, a house, you may have to kiss your house goodbye.

Neither Price nor Paul once uttered the dread word “bankruptcy.” Nor did they hint that medical costs are a leading cause of personal bankruptcies in the US.

Feb 02 10:09


Police State America's fixation on over-criminalization costs taxpayers $152 billion every year! According to a report by the Prison Policy Initiative nearly $81 billion goes to running the correctional system and all of the costs that families have to pay to support their incarcerated loved ones.

Feb 02 09:38

What Do Rising Input Costs Mean For The Economy And Companies?

For years, low inflation level kept many economies and central banks on their toes. The environment did not seem very conducive for business. In fact, low inflation had almost become a steady backdrop for any investment.

Feb 02 09:31

Universal Basic Income: Far-Fetched Or Inevitable?

It is a utopian idea, literally, but is enjoying a renaissance as politicians and policy wonks grapple with technology-driven changes that could redefine our very understanding of work.

If robots and machine intelligence threaten to render many white-collar jobs obsolete, then what will people do for money?

Feb 02 09:14


At a press conference today, Rep. Marcy Kaptur (OH-09) was joined by Reps. Walter Jones (NC-03), Tim Ryan (OH-13) and Tulsi Gabbard (HI-02) to introduce the Return to Prudent Banking Act and urge President Donald Trump to live up to his campaign promises on reinstating Glass-Steagall protections in our banking system.

Feb 02 08:27


To be useful as money, the medium for exchange must be something that is universally agreed upon to have value while at the same time existing in enough supply to prevent manipulation by the money-junkies. In arguing about a new value standard for money one detractor argued that gold was the only possible basis for a new monetary system because only gold was universally valued. Obviously, that is not true. One could walk into any nation carrying a gallon of gasoline and find someone willing to trade for it. So clearly, other mediums of exchange are possible, even if we did not have prior history to assure us if their validity and success.

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Feb 02 08:13

Facebook's Oculus Hit With $500 Million Jury Verdict

Facebook has to write a $500 million check to cover damages from its VR subsidiary Oculus, according to a Dallas federal jury.

ZeniMax Media sued Oculus in 2014, claiming its co-founder Palmer Luckey violated a non-disclosure agreement with the company and stole intellectual property including copyrighted computer code, trade secrets and "technical know-how." Luckey then used that information, ZeniMax claims, to create Oculus Rift and secure a $2 billion acquisition by Facebook.

Feb 02 08:11

‘It Looked Ugly’: Firm Tied to Clintons Lands First Day On Open Market, Tanks Immediately

Laureate’s relationship with the Clintons began in 2010, when it paid the former president $16.5 million as its “honorary chancellor” for five years. Baltimore-based Laureate — led by chairman and CEO Douglas Becker — also donated up to an additional $5 million to the Clinton Foundation.

And during Hillary Clinton’s tenure, the Department of State’s U.S. Agency for International Development awarded $55 million to the International Youth Foundation (IYF), which is linked to Laureate and is chaired by Becker.

The issue of Laureate’s Clinton ties came to a head in a July 15, 2016, letter to IRS Commissioner John Koskinen by 64 Republican members of the U.S. House of Representatives, saying such relationships create “an appearance that millions of dollars in taxpayer money was channeled to IYF by Secretary Clinton’s State Department as a kickback for her husband’s generous contract as an honorary Laureate chancellor.”

Feb 02 08:03

Depression, Stagflation, Stag-Depress-Flation

Everything is wonderful – we have new DJIA highs and a new President. Yes, but:

Feb 02 08:01

Actually, Goldman Sachs ‘Hacked’ the Presidential Election

As the media continues to parrot American intelligence agencies’ as-of-yet unsubstantiated claims that Russia hacked the U.S. election, there is far more evidence to implicate an equally dangerous infiltrator: Goldman Sachs.

Feb 02 08:00

Central Bankers Can't Stop The Economic Collapse Instead They Will Cover It Up

Feb 02 07:05

'Unreasonable burden': House votes to repeal SEC rule on US energy company payments to foreign govts

House Republicans have approved a resolution repealing the rules from the Securities and Exchange Commission (SEC) requiring US energy companies to disclose payments made to foreign governments.

The joint resolution passed on Wednesday, overturns rules that would have required oil, gas, and mining companies to disclose payments made to foreign governments including: fees, taxes, royalties, entitlements, bonuses, and other benefits.

Feb 02 07:01

CEO of one of world's largest company hints that Brussels is irrelevant to business

GENERAL Electric CEO Jeff Immelt has dealt a blow to the EU by saying he believes the wavering block does not play a big role when it comes to business.

Feb 02 06:41

Exports Booming for German Weapons Manufacturers

A decrease in orders from its own military has led Germany's arms industry to turn the focus of its sales efforts abroad. It has recently enjoyed amazing successes despite seemingly strict export controls.

Feb 02 05:55

The Central Banks Pull Back: Now It's Up to Fiscal Policy to "Save the World"

Another problem is the rise of social discord, for reasons that extend beyond the reach of tax reductions and increased infrastructure spending.

Feb 02 04:57

How To Tackle Systemic Risk In Insurance Sector

Insurance sector is one of the key components of Eurozone. The sector employs over 1 million people directly. Eurozone holds more than 7.3 million euros in assets and growing bigger by the day.

Feb 02 03:15

The Granular Detail of Miami’s Preconstruction Condo Flipping Bloodbath

Microcosm of the condo boom-and-bust cycle.

Feb 02 03:11

“Watch Out for the Shock”: Asset Manager Natixis

Investors have gotten so used to central bank “laxity” they “cannot believe it will end.”

Feb 01 18:00

Marin County Illegally Refuses Subsistence Money to Thousands of Poor Residents

In California’s wealthiest county live up to 6,000 desperately poor residents, most of them neglected by the County’s government. In a lawsuit filed on January 31 in Marin County Superior Court, three destitute Marin residents charge that the County uses illegal and unfair methods to refuse subsistence aid to its most destitute population.

The suit, filed by Greg Versis, Alfredo Garcia and Lee A. Lee and backed by two major public interest law firms, asks the court to lend order, consistency and openness to the County’s methods for dispensing General Assistance (GA) funds. GA is a county program which provides a small monthly stipend (about $387 a month) to indigent adults.

Feb 01 17:19

Warren Buffet cashes in on Trump success despite backing Clinton in the White House race

BILLIONAIRE investor Warren Buffet snapped up shares worth £9.5 billion after Donald Trump’s election win despite backing Hillary Clinton in the race or the White House.

In an interview with talk show host Charlie Rose, Mr Buffett suggested his company Berkshire Hathaway’s post-election stock purchases overall were even higher, reflecting stocks that his deputies Todd Combs and Ted Weschler bought.

He said: ”We've, net, bought $12 billion of common stocks since the election.

"The guys that work with me, the two fellows, they probably bought a little bit or sold a little bit too."

Market analysts said the speed with which Berkshire is buying stocks was unusual.

In the three months since Mr Trump’s stunning victory Mr Buffet and his colleagues have invested half of their total spend in the previous three years.

Feb 01 17:17

Critically High U.S. Silver Supply Reliance In Jeopardy When Paper Markets Crack

The U.S. silver supply will likely be in jeopardy in the future when the highly inflated paper markets finally crack. This is not a matter of if, but WHEN. If we consider the top two precious metals and copper, silver has the highest net import reliance as a percentage of domestic consumption.

Feb 01 17:11

Amazon Enters A Trillion Dollars Industry But Jobs At Risk

Global shipment transportation is an industry most vital to trade, but often overlooked. In a world where technology is growing rapidly every day, it is difficult to believe that cargo ships can take months to reach their destination.

Feb 01 17:04

The looming liquidity crisis for Amazon; a warning sign for the Longs

Amazon's current ratio has been deteriorating regularly in the last five years. As it is not really making enough "real cash," the company could be easily beset by a liquidity crisis subsequent to a decline in revenue growth.

Feb 01 17:04

Stock Market Highs Make Strong Case for Precious Metal Buys

Dow 20,000 was ushered in with great fanfare. Traders on the New York Stock Exchange sported “Dow 20,000” hats. Even President Donald Trump joined the celebration.

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.