Dec 14 10:10

Sweden Poised to Raise Retirement Age Amidst Migrant-Driven Population Growth

Six out of Sweden’s eight parliamentary parties are now in agreement that the national age of retirement is to be raised from 61 to 64 years. This comes against the backdrop of a recent report from the Swedish Association of Local Authorities and Regions (SKL).

Dec 14 10:09

The COMPLETE FAILURE of the Financial System! Has the Fed Lost Control?

What’s happening to this system when the average person is priced out of much of the things they desire. Disposable income has become whatever credit they have available. It’s all smoke and mirrors.

Dec 14 08:52

China Regulators Complete Final 'Drill' In Preparation For Petro-Yuan Futures Trading

Amid all the chatter of Venezuela and Russia potentially creating oil-backed cryptocurrencies, the "huge news" of China's launch of the Petro-Yuan has fallen off the front page... until now.

This week saw the Shanghai Futures Exchange complete its fifth yuan-back oil futures contract trading drill successfully...

As Bloomberg reports, 149 members of Shanghai International Energy Exchange traded 647,930 lots in the drill with total value of 268.2b yuan, according to a statement from the exchange, which added that the system basically met the listing requirements of crude futures after the drill.

Dec 14 07:58

The gas that came in from the cold: Britain turns to sanctioned Russian energy to avoid big freeze

With gas supplies crippled amid a freezing winter by the shutdown of a major pipeline, the UK has apparently turned to a Russian project targeted by US sanctions, with reports indicating that a deal was struck for a shipment of gas by the end of December.

Some 170,000 cubic meters of liquefied natural gas (LNG) carried by the Christophe de Margerie ice-class tanker, the first vessel of the Novatek-operated Yamal project in the Arctic, has been bought by a British energy company. It is now heading to the Isle of Grain terminal in the UK, the Telegraph reported.

One of the largest Russian natural gas producers, Novatek, revealed Monday that the cargo was sold to Petronas LNG UK Limited (PLUK), the UK branch of Malaysia's Petronas.

Dec 14 07:50

Hidden Figures: Despite Falling Unemployment in the UK, Poverty High and Rising

Official British government figures reveal a drop in the number of people out of work but the cost of living is not matched by earnings. This price gap exposes the reality for many people for whom poverty is a reality and political rhetoric is just cheap talk.

Dec 14 07:49

Germany Owes Greece €185 Billion In WWII Reparations, Say German Researchers

Does Germany owe Greeks billions of euros in World War II reparations for the damages and the enforced loan during the occupation of the country by the Nazis? So far, Berlin has vehemently rejected any Greek claims.

Dec 14 07:23

Brandon Smith Warns 'The Virtual Economy' Is The End Of Freedom

There is one simple rule to follow when understanding the tragic history of economies: Never put blind faith in a system built on an establishment-created foundation.

Dec 14 06:24

Bank Of England Warns Of "Economic Collapse" If UK Keeps Borrowing Money

The Bank of England is putting the United Kingdom on alert.  Should the UK keep borrowing money, as Corbyn's Labor Party has advocated, there will be a “Venezuela-style” economic collapse that will devastate normal citizens.

Dec 14 05:11

Do You Know What Is In The Tax Bill That Congress Is About To Pass?

A conference committee has been merging the tax bills that were passed by the House of Representatives and the Senate, and even though we could still see some minor changes, it looks like the major parameters of the final bill have now been agreed upon. 

Dec 14 03:21

Bitcoin To Be or Not to Be?

Dec 13 15:15

Bank Of Amazon?

Dec 13 15:14

America’s malls are rotting away

Dec 13 13:40

A Question For Every Investor

“If a correction in the stock or bond markets comes, the Central Banks will buy stocks with printed money, like the Japanese Central Bank, etc. Will there ever be a shakeout of the garbage and junk in the system? I am losing all confidence.” –Ron H.

Dec 13 11:18

Emerging markets bull trend could fail here!

Emerging Markets ETF (EEM) has done very well over the past year, gaining over 30%.

Dec 13 11:13

Unemployment insurance claims in Alaska are at ‘historic lows’

While Alaska has lost jobs in the current state recession, claims for unemployment insurance have fallen to "historic lows," according to the Alaska Department of Labor and Workforce Development.

Typically, the opposite is true: Claims for unemployment benefits usually increase when employment goes down and the unemployment rate goes up.

But "since the fourth week of 2017, the (insured unemployment rate) has been at a record-setting low compared to the same week in any prior year," the labor department said in a report released this month. "This means the fewest people ever are receiving unemployment benefits, when adjusted for the size of the covered workforce."

So what's going on?

Webmaster's Commentary: 

People are leaving the state; 60,000 in the last 3 years.

Dec 13 10:14

Stressful Year Ahead for Spanish Banks

The “spillover effects.” 

Dec 13 08:08

Two major cryptocurrency exchanges suffer outages

Cryptocurrency exchange operators Coinbase and Bitfinex have been experiencing technical problems in the two seemingly unrelated incidents.

Coinbase’s website, as of 17:00 GMT Tuesday, showed “service unavailable,” flashing a message that said it was down for maintenance. Its exchange, the, appeared to be operational, stating, however, that it was experiencing “minor service outage.”

Dec 13 07:37

CNBC Host: "I get it that cryptocurrency is a FIAT currency like the US Dollar"

These are the people you want to take financial advice from?

Dec 13 07:00

Bill Bonner: Bitcoin – even Grandma is in

Dec 13 06:51

The US Military Is the Biggest "Big Government" Entitlement Program on the Planet

The US economy is caught in a trap. That trap is the Department of Defense: an increasingly sticky wicket that relies on an annual, trillion-dollar redistribution of government-collected wealth. In fact, it's the biggest "big government" program on the planet, easily beating out China's People's Liberation Army in both size and cost. It is not only the "nation's largest employer," with 2.867 million people currently on the payroll, but it also provides government benefits to 2 million retirees and their family members. And it actively picks private sector winners by targeting billions of dollars to an elite group of profit-seeking contractors.

The top five overall recipients collectively pulled in $109.5 billion in FY2016, and their cohorts consistently dominate the government's list of top 100 contractors. They reap this yearly largesse through a Rube-Goldberg-like system of influence peddlers, revolving doors and wasteful taxpayer-funded boondoggles. Finally, it is all justified by a deadly feedback loop of perpetual warfare that is predicated on a predictable supply of blowback.

But this belligerent cash machine doesn't just produce haphazard interventions and shady partnerships>>>

Dec 13 06:33

2018 Will be Gold’s Time to Shine

Dec 13 06:17

Cryptocurrency Chaos: Bitcoin, Litecoin and Ethereum All Keep Surging To New Record Highs With No End In Sight

The cryptocurrency revolution is the biggest story in the financial world right now.

Dec 13 01:26

Trump signs $700bn military funding bill

(*RELATED:) US 'Living Off 1950s Infrastructure,' Must Spend $2 Trillion to Modernize

Dec 12 16:31

The GOP Tax Bill Eliminates Critical Deductions for Disaster Victims

If devastating wildfires sweep across California again next year—not unlikely considering even Governor Jerry Brown has called it the “new normal”—the hardest hit may not be eligible for the same support as they are this year, thanks to the GOP’s fast-moving tax bill.

As Congress pushes full steam ahead with its controversial plan to cut taxes (mostly for the wealthy and corporations), analysts are finally getting a chance to look at the impact such drastic measures would have on the majority of Americans. One major issue is how the plan would limit taxpayers’ ability to write off damages from future disasters.

Dec 12 16:28

Is EVERYTHING a bubble?

Dec 12 15:38

How Fed Rate Hikes Impact US Debt Slaves

But savers are still getting shafted.

Dec 12 14:42

Teva Pharmaceutical Warns 10,000 Job Cuts?

Dec 12 14:18


Jaws are dropping all over the world. Bitcoin is at 17,000. Now CNBC just called it - next year get ready for $100,000.

Dec 12 13:40

Three Bubbles/Strikes And You're Out

Dec 12 13:36

Consumer Credit Rises to Record $3.8 Trillion

Dec 12 12:04

Doug Noland: The "Granddaddy of All Bubbles"

Noland foresees tremendous losses as inevitable, as the central banks lose control of the monstrosity they have created. Financial assets will become toxic to hold