Mar 04 07:28

MAJOR: Gazprom Begins Termination Of Contracts With Ukraine’s Naftogaz

Two arbitration disputes between Gazprom and Naftogaz lasted for more than three years in the Stockholm Arbitration: the court for gas debts – from June 2014 to December 2017, and under the contract for transit – from October 2014 to February 2018.

Mar 04 07:15

Retail Apocalypse: 23 big retailers closing stores

Toys R’ Us has filed for bankruptcy right before the holiday shopping season, becoming the latest brick-and-mortar retailer to fall victim to the growth of e-commerce and discount stores. More than 300 companies have filed for bankruptcy in 2017 so far, here’s a look at the most significant casualties.

Mar 03 14:38

It’s the Fed, Yanking The Punchbowl

Mar 03 09:57

What is the VIX and what does it mean?

Mar 03 08:08

Thousands More Stores Are on the 2018 Retail Apocalypse DEATH LIST

Thousands more stores will be shutting their doors this year, and that does not mean good things for our economy. Are any of your local stores on this list?

Mar 03 07:58

Brussels Prepares to Drag Britain into ‘Trade War’ with America

The European Union is poised to drag Britain into a damaging trade war with the United States, as Brussels prepares to retaliate against measures designed to protect American metalworkers.

Mar 03 07:57

Sadiq Khan Focuses on Alleged ‘Ethnic Pay Gap’ While Crime Wave Rolls over London

The Labour politician cited a pay audit which claims Black and Minority Ethnic (BAME) municipal employees are paid “up to” 37 per cent less than white employees “on average” — but type of job, hours worked, etc. are not taken into account.

Mar 03 07:38

The Race To Bring Down The Economy Has Officially Begun

The trade wars have begun, but what does this mean? To find out we need to go back in time and look to see if other Presidents tried to do the same thing.

Mar 03 06:47

$700+ Silver? Here’s How It Could Happen

Mar 03 06:30

SLOW DEATH: JC Penney announces 360 job cuts

Mar 03 05:16

Powell Optimism Belies Data

Mar 03 04:41

An Inconvenient Truth About Social Security

Mar 02 16:33


Mar 02 16:20

THE CRASH OF 2018 - Farazian Focus

Mar 02 15:48


"The most hated sort [of moneymaking], and with the greatest reason, is usury, which makes a gain out of money itself, and not from the natural use of it. For money was intended to be used in exchange, but not to increase at interest. And this term usury which means the birth of money from money, is applied to the breeding of money, because the offspring resembles the parent. Wherefore of all modes of making money this is the most unnatural." -- Aristotle (384-322 BCE)

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Mar 02 15:42


Mar 02 14:49

Fed’s QE Unwind Marches Forward Relentlessly

$10 billion a month in Q3 2017.
$20 billion a month in Q1 2018
$30 billion a month in Q2 2018
$40 billion a month in Q3 2018
$50 billion a month in Q4 2018 and continue at this pace.

Mar 02 13:44

Never Mind Volatility: Systemic Risk Is Rising

So who's holding the hot potato of systemic risk now? Everyone.

Mar 02 12:30

Wells Fargo is accused of harming fraud victims by closing accounts

When signs of fraud appear on a customer’s account, such as a counterfeit check or an unauthorized withdrawal, a bank is required by law to investigate whether criminal activity has occurred.

Wells Fargo had a simpler solution, according to a former employee: Close the account and drop the customer.

Mar 02 10:47

Daniel Nevins: Economics for Independent Thinkers... It's Time We Stop Trusting The 'Experts'

Economists are supposed to monitor and analyze the economy, warn us if risks are getting out of hand, and advise us on how to make things runs more effectively -- right?

Mar 02 10:01


In an eerie analogue of what is about to take place, on March 5, 2002 President George W. Bush imposed tariffs as high as 30% on global steel imports.

The temporary tariffs of 8–30% were originally scheduled to remain in effect until 2005. They were imposed to give U.S. steel makers protection from what a U.S. probe determined was a detrimental surge in steel imports, as more than 30 steel makers had recently declared bankruptcy. Canada and Mexico were exempt from the tariffs because of penalties the United States would face under NAFTA. Additionally, some developing countries such as Argentina, Thailand, and Turkey were also exempt.

The response was immediate.

Mar 02 09:00

Wall Street Reacts to Trump Tariff Announcement

Why anyone is surprised that President Trump is pushing hard for tariffs is beyond me. For nearly 30 years, Trump has pounded the same drum: America is being ripped off by foreign competitors who are undercharging for their raw materials.

Trump based his presidential campaign around a handful of things: establishing a wall along the Mexican border, our country no longer getting taken advantage of in foreign alliances, and boosting America’s manufacturing base through a series of tariffs.

Nearly two weeks ago, it was reported the Commerce Department was going to recommend tariffs on steel and aluminium. Now, Trump has made good on the recommendations, and has made it known that he wants a 25% tariff on steel, and a 10% tariff on aluminium. In a statement to reporters, White House Press Secretary Sarah Huckabee Sanders said, “The president is concerned about the men and women of this country who have been forgotten about, the industries that our country was founded and built on.”

Mar 02 07:11

Trump Risks Trade and Currency Wars – Protectionism and Economic War Loom

Global stocks slump as Trump risks trade wars
– Gold prices little changed despite dollar weakness after tariff news

Mar 02 06:58

Sacrificing Future Spending

It should be obvious that encumbering future revenue streams will reduce purchases in the future unless overall debt is increased (forever) or income expands to offset the required debt service.

Test this against most governmental actions and policies:

Do government expenditures increase future revenue?

Did any wars pay for their costs? What was their return on investment?

Did expenditures for government employees (salaries, medical costs, pensions) add to government revenues?

Did Representatives and Senators sufficiently benefit government revenues and the economy (through their wise management and policies) to justify expenditures for their salaries, medical cost, staff, pensions, junkets and payoffs?

How much does government revenue increase due to the SNAP program (food stamps) and other social programs?

Mar 02 06:39


Mar 01 18:09

The Fed Is About to Pop the Bubble in Stocks

Mar 01 16:48

It Begins, The Economic Transition Is Now Being Pushed

The retail industry is changing, the change is not because of online sales, they change is because the American person is broke, they don't have jobs or they are making a lot less.

Mar 01 16:31

Chinese Economy To Slow This Year

Mar 01 14:20

Thousands of Americans Are Being Jailed for Debt, Chased by Private Collectors

Mar 01 13:57

Swedish Central Bank Voice Alarm

Mar 01 13:23

How can a place with 58,000 homeless people continue to function?

Homelessness affects the lives of all Angelenos, not just those forced to live on the streets. And it does so almost daily, in ways large and small.

Consider the pairs of thick gloves that George Abou-Daoud has stashed inside the nine restaurants he owns on the east side of Hollywood. When a homeless person accosts his customers, Abou-Daoud says, he can no longer count on the police for help; unless there’s an imminent threat to safety, he contends, they don’t respond quickly and can’t just haul the person away. So he’s had to take matters into his own hands, literally, by physically ejecting problematic homeless people himself. That’s why he has the gloves — to keep his hands clean.

Mar 01 13:21

An Apocalyptic Paul Tudor Jones Warns The Fed Is About To Lose Control

In a striking interview with Goldman's Allison Nathan, legendary trader Paul Tudor Jones argues that US inflation is set to accelerate sharply, making bonds a very poor investment, and that the Fed must act swiftly to tackle financial bubbles created by prolonged monetary easing.

Mar 01 13:20

Iran Bans Use Of US Dollars In Trade

In what may be a preemptive move against further US sanctions, Tehran announced that going forward, merchant purchase orders that are denominated in US Dollars would no longer be allowed to go through import procedures.

According to the state-owned IRNA news agency, the policy is in line with an official request by the Central Bank of Iran and is meant to address fluctuations in market rates of the US dollar. Quoted by IRNA, the central bank director of Foreign Exchange Rules and Policies Affairs, Mehdi Kasraeipour, said the move had "become effective from Wednesday by virtue of a letter sent to the Ministry of Industry, Mines and Trade."

The central banker further explained that the decision "wouldn’t create major trouble" for traders because the share of the greenback in Iran’s trade activities is already negligible.

Mar 01 13:09

Dow Jones Industrial Average Plunges

Webmaster's Commentary: 

Wall Street blames Trump steel/aluminum tariffs.

Mar 01 12:55

A Peculiar Phenomenon in the Rental Market Gets a Lot More Peculiar

Besides that, rents are in free-fall in Chicago, decline in Seattle, plunge here, soar there, city by city

Mar 01 11:52

Total Student Debt In America Now Exceeds The Cost Of Iraq War

We’ve all seen the headlines: the cost of university education in the United States has become completely debilitating. And student debt keeps rising to record high levels.

It’s almost commonplace now for a 22-year old to graduate from university with $50,000+ in student debt.

According to data from the Federal Reserve, the total amount of student debt in the United States is now $1.5 trillion.

Mar 01 11:52

Ron Paul: ‘The Fed Is At A Crossroads…Crisis Is Coming’

The Fed has created a mountain of problems for everyone in the United States and every single solution that they come up with leads to even more problems. Ron Paul recently discussed what the Fed has done, how it tries to keep things going, and the inevitable economic crisis that is coming.

Ron Paul has been one of the few steadfast proponents of liberty, which is likely why he’s no longer associated with the government at all. In a recent video, Paul discussed the problems the Federal Reserve created and why their solutions will generate an economic crisis of epic proportions.

Mar 01 11:51

A Great Big Warning Sign

Mar 01 11:50

‘Western Interference’, Stolen Mineral Wealth Drive Violence in Congo

Twenty-three people have recently been killed in clashes between ethnic groups in the Democratic Republic of Congo’s mineral-rich east, according to the country’s officials.

Kambale Musavuli, one of the country's leading political and cultural voices, told Radio Sputnik that the violence is being driven by competition for minerals and resources, which are being snatched by Western powers in order to manufacture our beloved tech.

?"We have a political crisis at the moment. Many Americans do not know that minerals, like cobalt, used to make their technological devices, cell phone batteries and cars, predominantly come from Congo. In fact, Congo is the number one producer of cobalt in the world today," Musavuli, who is the national spokesman for The Friends of the Congo, told Radio Sputnik's Loud & Clear.