May 08 09:29

Commercial Real Estate Loan Delinquencies Rise Again

There is a slow creep in delinquent credit that is starting to get noticed. The special-servicing and delinquency rates for securitized commercial mortgages rose again last month, Commercial Mortgage Alert first reported. While the rise was reasonably contained, it is the trend of commercial underperformance that is causing a mild degree of concern. The data on Commercial Real Estate comes as investors are closely watching the prospects for retail malls across the country.

May 08 09:29

Wal Mart Free-For-All A Taste Of Things To Come? These Maps Show Us American 'Danger Zones' When SHTF

In the new story over at Survival Dan called "During The Collapse: Where To Go And What Places To Avoid", he reports that when IT hits the fan, America's 'population hubs' will likely explode with violence, looting and the total breakdown of law and order as resources become next to impossible to get and the masses suddenly realize the government isn't coming to save them.

Whether that be via total collapse, WW3 coming home to roost upon US soil or a 'grid event' that leaves tens to hundreds of millions either without power or access to the money in their bank accounts, the video directly below from a Wal Mart in Mexico gives us a very small taste of what that world without law and order can quickly devolve into.

May 08 09:04

GDXJ MASSACRE: Forced Selling Creating EPIC Opportunities — Eric Sprott & Keith Neumeyer

The demand for junior precious metals mining company stocks is soaring, and as a result VanEck's GDXJ is being forced by stringent regulations into rebalancing - forced selling to reduce positions that have become too large, which is creating tremendous opportunities.

May 08 08:33

Macron's "Victory For The World" Sparks $300 Million Panic-Dump In Gold Futures

Macron's win in the French presidential election has left capital markets with a whole lot of nothing...

May 08 08:31

Puerto Ricans Face ‘Sacrifice Everywhere’ on an Insolvent Island

Angel González, a retired schoolteacher facing a 10 percent cut to his pension, is beginning to wonder whether his three-person household will have to cut back to one cellphone and take turns using it.

Santiago Domenech, a general contractor with $2 million of his savings tied up in bonds Puerto Rico just defaulted on, once had 450 employees. Now he has eight. His father-in-law, Alfredo Torres, owns Puerto Rico’s oldest bookstore, but it has been going downhill for two years.

“The government is bankrupt,” said Bernardo Rivera, 75, a private bus driver who sometimes earns only $40 all day. “Everyone is bankrupt. There is nothing left. People who do not have jobs do not take the bus to work.”

Webmaster's Commentary: 

May 08 08:03

The World Is Waking Up Which Will Dethrone The Dollar As The Reserve Currency:Rob Kirby

May 08 07:59

War And Empire: The American Way Of Life

In the aftermath of Saddam Hussein’s 1991 attempt to annex Kuwait the U.S. deliberately destroyed much of Iraq’s water and sewer infrastructure.

The Pentagon even admitted on its website that these acts would lead to mass outbreaks of disease. These were certifiable war crimes under international law. After Saddam’s defeat the U.S. also imposed widespread sanctions on his regime that included preventing necessary medicines from reaching Iraq. Hundreds of thousands of Iraqi citizens perished as a result. In an infamous interview in 1996 Madeleine Albright, then the Secretary of State, was asked to justify the deaths of 500,000 children. She defended these atrocities by saying “I think this is a very hard choice but we think the price is worth it.” Twenty-one years have elapsed since Albright uttered her rationalization of this vicious barbarity and it has been virtually “disappeared” from the collective memory of Americans. But it is far from being the only one.

May 08 07:54

Gold Coins, Bars In Demand – +9% In Q1, 2017

Uncertainty in Europe increased demand for gold investment products in the first quarter of the year, according to the World Gold Council’s Gold Demand Trends Q1, 2017 report.

Across the globe a mixture of festivities and renewed safe haven buying saw demand for gold bars and coins climb by 9%.

May 08 07:49

REALIST NEWS - System To Collect Defaulted Student Loans Is No Longer Functioning

May 08 06:54

Obama Shows Why Wall Street Has Two Parties And We Have None

Webmaster's Commentary: 

The truth be told, the American people have utterly no representation in government, whatsoever; just the major corporations which own politicians through political contributions, and that is just a fact of life Americans need to understand.

May 08 06:38


The rising asymmetry of rewards within our economy has many drivers.

We all know the middle class that actually owns capital and wields political influence is shrinking. As I noted last week in Redefining the Middle Class: It Isn't What You Earn and Owe, It's What You Own That Generates Income, defining the middle class by household income alone is a misleading metric, as it leaves out the critical factors of debt and ownership of productive assets.

A household may have an income of $150,000 and appear well-off by that metric, but if they are mired in debt and own virtually no productive assets or wealth that can be passed on to future generations, they aren't middle class--they're well-paid proletariats.

So what's killing the middle class? If you read the dozens of articles on the decline of the middle class in the mainstream (corporate) media, you soon discover there's a short list of the usual suspects:

1. Globalization / outsourcing

May 07 16:54

Former Reagan Administration Official Is Warning Of A Financial Collapse Some Time ‘Between August And November’

If a former Reagan administration official is correct, we are likely to see the next major financial collapse by the end of 2017. According to Wikipedia, David Stockman “is an author, former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.”

May 07 14:27

Swiss National Bank Buys Stocks

May 07 14:10

Harry Dent Is Right About One Thing!

When I awoke this morning, I debated scripting this week’s second Audioblog – as I have a lot to say, about a great many topics. However, given that I have as much to show you, as tell you, I decided to write instead. Thus, today’s article will be a bit longer than usual. But I assure you, it will be well worth your time.

May 07 11:34

Global Economic Disaster, Dead Ahead!

May 07 10:35

California Wants To Tax Space Flights... By Miles Traveled

It appears that California's politicians & regulators spend all their time trying to figure out how to tax something new. They will never reform, it’s always give me more.

They want to tax space travel per mile and claim 62 miles above California belongs to the State. Sooner or later, they will want a tax from all satellites that just pass by their state once a day.

The space launches are taking place from Vandenberg Air Force Base, in Santa Barbara.

Any company should look for prosperity in Texas or Florida and forget California.

The state is beyond help at this stage.

Webmaster's Commentary: 

As a native California, I know I could never go back there to live; unfortunately, the state has, collectively, lost its mind.

May 07 08:38

Putin ‘orders Gazprom to start laying pipes along Turkish Stream’s sea route’

Gazprom will be ready to start laying pipes on the Turkish Stream offshore section in several days, the company’s CEO Alexei Miller told Russian President Vladimir Putin on May 4, as Russia’s TASS reported.

Putin has ordered Gazprom to start laying pipes on sea stretch of Turkish Stream pipeline.

“We will be ready to start laying the Turkish Stream gas pipeline in several days,” Miller said, as quoted by the Russian news agency.

The Turkish Stream natural gas pipeline project agreement between Turkey and Russia was signed on Oct. 10, 2016, and ratified by Russian President Vladimir Putin on Feb. 7.

The project, which was announced by Putin during a 2014 visit to Turkey, is set to carry gas from Russia under the Black Sea to Turkey’s Thrace region.

One line, with 15.75 billion cubic meters of capacity, is expected to supply the Turkish market, while a second line will carry gas to Europe.

Webmaster's Commentary: 

This is a big deal, in light of the US government's objections against such a pipeline, because of how it will benefit Russia, economically, particularly in light of the natural gas which will be sold to Russia.

May 07 07:56

David Stockman- Fiscal Bloodbath Coming this Fall, This Is The Biggest Bond Bubble Ever—Buy Gold

Former White House Budget Director David Stockman is sounding the alarm and says, “The main thing is get out of the markets. These markets are unstable. They’re rigged, and there is no reason to own stock at this point of the game. It is so overvalued.

May 07 07:56

Waiter and Bartender jobs surge in the Land of the Free

The headline in the New York Times today read “U.S. Job Growth Bounces Back; Unemployment at 10-Year Low”.

That’s certainly one way of looking at it.

May 07 07:54


By Robert J. Krakow of Law Office of Robert J. Krakow, P.C.

To the Daily Kos Blog:

In response to the article you published: Robert F Kennedy, Jr and vaccines – why real journalists don’t interview him”

Dorit Reiss misses the point on vaccine manufacturer immunity.

Webmaster's Commentary: 

These points are very important for caring, thinking parents to understand.

And if you have not seen it, buy or rent, on TV, the documentary "Vaxxed". It bears powerful witness to the reality that the CDC played fast and loose with the facts about data they had on children getting injured from vaccinations, and cherry picked the statistics they used in their documentation, which conveniently ignored data which might be shown as "devastating harmful" to the health and welfare of children's lives.

It is absolutely worth seeing, and Mike and I encourage people to see it.

May 07 07:28

Global Collapse: Children Are Literally Starving To Death In Venezuela And Yemen

Venezuela and Yemen were both once very prosperous nations, but now parents are literally watching their children starve to death as the economies of both nations continue to utterly collapse.

May 06 18:04

House price CRASH: Top London home values plunge lower in April

Values of the capital's high-end homes tumbled by 6.6 per cent in the year to April - the near fastest plunge since the financial crisis - showed research by Knight Frank.

Suburbs favoured by the some of the world's richest people, such as Kensington and Chelsea have seen values tumble by more than 10 per cent from their post-recession peaks.

Overall, the number of exchanges in so-called prime central London sank by 11 per cent year on year in the first quarter of 2017, said Knight Frank.

The lettings market has also taken a hit, falling another 0.2 per cent in April, meaning rents are down 0.7 per cent in the three months to April and 4.7 per cent year on year.

May 06 16:46

Hemp Decriminalized in Washington, But Opposition Remains Strong

By Michael Maharrey

A bill recently signed by Washington Gov. Gov. Jay Inslee removed industrial hemp from the states controlled substance list, authorizing hemp production despite federal prohibition. But at least one state agency refuses to go down without a fight and essentially wants to help attorney general Jeff Sessions wage his war on cannabis...

May 06 12:54

Is This The Beginning Of A Nightmare That Will Rob Us Blind? Healthcare Company Empties Bank Accounts.

Prepare yourself to read about a nightmare that most likely many of us have had, including myself.

May 06 11:50

Great Again? April Hiring Picks Up After Dismal First Quarter

Hiring increased in April, encouraging signs that the economy is rebounding after a slogging first quarter. Strong gains in business services and healthcare have helped the economy expand into the Spring months of 2017.

May 06 10:17

Gold And Silver – Asylum Globalists Still Prevail

Usually, we endeavor to tie in our commentaries to gold and silver, sometimes straining the association, but in reality, there is much more affecting the price of PMs than meets the obvious. There can be no question that the globalists running the federal government of the United States have been actively suppressing the price of gold directly since 1933,

May 06 08:45

US Student, Auto Loans Hit New All Time High Of $2.6 Trillion

One month after we, and every other financial media, reported that US credit card debt had risen back over $1 trillion for the first time since January 2017, the Fed demonstrated just how meaningless such reports are when in its latest consumer credit report it revised the total stock of revolving debt back under $1 trillion for the month of March, while boosting December's amount to $1,000.1 billion, meaning that all those "$1 trillion in credit card" debt headlines were about 4 months late.

May 06 08:44

German Investors Dumping Italian Bonds: Italy Increasingly Dependent on ECB, Target2 Capital Flight Revisited

Italy is increasingly dependent on the ECB to hold down bond yields as foreign investors dump Italian bonds like mad.

May 06 08:39

C919 jet set for maiden flight, in test of China's aviation ambitions

China's home-grown C919 passenger jet is set to take to the skies on its long-delayed maiden flight on Friday, a major step for Beijing as it looks to boost its profile in the global aviation market.

May 05 13:08

The Economy Is Rolling Over Which Will Result In A Catastrophe

Jobless claims crash to multi year lows, and if we look back in time every time jobless claims fall like this we entered a recession. Apple says manufacturing is coming back to the US, but its not what you think. Core factory order tumble and industrial production collapses.

May 05 13:06

Experts Predict : The Imminent Economic Collapse ~ China Debt Bubble Out Of Control ~ Things You Should Do To Prepare

Today, millions of Americans say that they believe that the United States is on the verge of a major economic collapse and will soon be entering another big stock market crash and Great Depression.

May 05 11:56

Recession Dead Ahead

It is a still-unperfected composite of the many signs of trouble.

As the signs of trouble increase, so does the likelihood of the next crisis.

One of the major components is the rate at which banks make new loans.

As you know, we gave up real, gold-backed money in 1971. Since then, credit is what drives the economy. It is no longer an economy that produces and consumes wealth; instead, it produces and consumes credit, which leads to higher and higher levels of debt.

May 05 11:31

Dear Economists: Why Can’t You Predict A Recession?

It is extremely difficult for economists, bankers, and political figureheads to predict a recession due to the sheer volatility of the US and global economy. It kind of puts a damper on my spirits because I’m currently studying economics in university with the hopes of someday even becoming an economist.

May 05 11:28

Bitcoin Surpasses $1,500 For The First Time

The world’s most popular cryptocurrency continues to set historic highs this week. Bitcoin cracked the $1500 barrier on Thursday.

Bitcoin was trading at $1,515 against the US dollar at 2:00pm GMT, retreating from the day’s high of $1,544.43, according to the CoinDesk price index. The digital currency has gained more than 32 percent during the past two weeks.

May 05 11:05

China FinMin Unexpectedly Skips Asian Trade Summit To Attend "Emergency Meeting"

Coming a time when traders and analysts are looking with growing concerns toward Beijing, riddled by deja vu memories of the China-induced near-bear market of 2016 when in a similar episode China's credit impulse tumbled - something which even Pimco highlighted earlier this week, when it reposted a chart first shown here in February...

... worries that not all may be well in China - for the second time in two years - grew this morning after the country's Finance Minister, Xiao Jie, unexpectedly skipped a summit conference with his Japanese and South Korean peers on Friday to attend an "emergency domestic meeting", a senior Japanese finance ministry official said quoted by Reuters. The official told reporters during a ministry press briefing that Xiao's absence was not related to any diplomatic matters, adding that Xiao was expected to attend the Japan-China finance dialogue in Japan scheduled for Saturday. He did not elaborate on the nature of the minister's emergency meeting.

Webmaster's Commentary: 

I have to wonder if this reflects a genuine economic problem for China; economic sabotage against it; or perhaps that sickening, sure and certain knowledge that those in the American Deep State are contemplating a first-strike nuclear assault against it, and that is why the THAAD system has been deployed in South Korea?!?

May 05 11:04


May 05 10:41

Farewell to London pubs? They're closing at an unprecedented rate

On a recent weekday just before noon, Michael and Linda Norris turned on the lights and unlocked the front door to their London pub, just as they've been doing for the past 34 years.

Across the street from a leafy park in the borough of Southwark, the China Hall Public House attracts rugby players after weeknight matches. Shortly after opening on this day, they welcomed a familiar face, Patrick Ford, a patron turned longtime friend.

"Obviously, all things take their progression, but this just seems to be unfair," Ford remarked.

Since the 1980s, Ford has stopped by for countless chats, but all the talk here has recently turned to the China Hall's impending closure.

"They want to bring the lease to a close and basically just want to get rid of us," Michael Norris explained.

May 05 09:59

Study Highlights Growing Significance Of Cryptocurrencies

By Craig Brierley, University of Cambridge

More than 3 million people (three times previous estimates) are estimated to be actively using cryptocurrencies like bitcoin, finds the first global cryptocurrency benchmarking study by the Cambridge Centre for Alternative Finance.

While many members of the general public may have heard of “bitcoin”, the first decentralised cryptocurrency launched in 2009, a new report from the Cambridge Centre for Alternative Finance (CCAF) paints a broader picture of “cryptocurrencies”...

May 05 09:47

Stocks Booming and World Crashing

May 05 09:41

BEX ALERT - Two GOP Legislators Propose American Replacement Bill, Plus Amnesty

Two GOP legislators are introducing legislation to let states annually import 500,000 foreign blue-collar workers and white-collar professionals to replace Americans who have fallen out of the workforce and into drug addiction.
The American replacement bill is needed because companies can’t hire the employees they want amid the massive decline in the number of Americans who are seeking work, Wisconsin Sen. Ron Johnson told an event hosted Wednesday by the CATO Institute.

May 05 09:23

While Everyone Was Talking About Obama Care Repeal THIS Happened!!

Amnesty for 11 MILLION and 500,000 migrants to take 'blue collar and white collar jobs.' I thought this is what wasn't supposed to happen? We can still stop it if we act fast!

May 05 09:12

BEX ALERT - U.S. job growth rebounds sharply, unemployment rate hits 4.4 percent

U.S. job growth rebounded sharply in April and the unemployment rate dropped to 4.4 percent, near a 10-year low, pointing to a tightening labor market that could seal the case for an interest rate increase next month despite moderate wage growth.

Webmaster's Commentary: 

If we are at 4.4% unemployment, then explain why the BDI continues to drop? The BDI is an economic indicator of raw goods ordered by manufacturing to produce their products. You can't have a falling BDI, and job growth. Impossible. This is just another Pinocchio lie that the economy is growing. The economy is not growing. It has stalled. Another TRUMPED up statistic.

May 05 09:04


May 05 08:47

India, China, Russia Bypass US Dollar

May 05 08:29

New US federal budget Has No Money For The Wall But Plenty for Planned Parenthood

Donald Trump’s campaign promises are fading from minds of the Republican leaders who supported him and who now control both the House and Senate. The budget actually prohibits Trump’s border wall and fails to cut funding for the EPA. It provides funding for Planned Parenthood, sanctuary cities, and Obamacare subsidies. Trump asked for – and received $21-billion in funding to expand the military. In other words, the election made no difference. The bi-partisan agenda continue as before. –GEG

Webmaster's Commentary: 

May 05 08:24

Why Are The Oil Markets Crashing?

WTI and Brent continued to tumble on Thursday, dropping to their lowest levels since the announcement of the OPEC deal back in November. Brent actually dipped below $49 per barrel, raising fears of another downturn. Both WTI and Brent were off by nearly 4 percent during midday trading on Thursday.

May 05 08:09

How Prison Labor is the New American Slavery and Most of Us Unknowingly Support it

The USA uses a lot of prison labor.

If you buy products or services from any of the 50 companies listed below (and you likely do), you are supporting modern American slavery

With 5 percent of the world’s population and 25 percent of the world’s prison population, the United States has the largest incarcerated population in the world. No other society in history has imprisoned more of its own citizens. There are half a million more prisoners in the U.S. than in China, which has five times our population. Approximately 1 in 100 adults in America were incarcerated in 2014. Out of an adult population of 245 million that year, there were 2.4 million people in prison, jail or some form of detention center.

The vast majority – 86 percent – of prisoners have been locked up for non-violent, victimless crimes, many of them drug-related.

May 05 07:50

Cities Can Sue Big Banks Over Effects Of Discriminatory Practices, Supreme Court Says

The city of Miami can sue Wells Fargo and Bank of America for damages under the Fair Housing Act, the Supreme Court says, allowing a lawsuit to continue that accuses the big banks of causing economic harm with discriminatory and predatory lending practices.

May 05 07:43

"Chicago Is A War Zone": Police Suicide Rate Surges To 60% Above The National Average

During his early days on the force, 30-year-old, rookie Chicago police officer, Scott Tracz, was described by colleagues as an "upbeat" cop who had always dreamed of becoming a police officer to help people in his city. That is, until he sat in a black sports car outside his girlfriend's suburban house late last year, put his gun to his head and took his own life. Per Reuters:

Tracz had long dreamed of becoming a police officer to help others. But working in the violence-stricken Chicago Lawn district, he came face to face with the city's violent crime. The area accounted for 58 of the city's more than 760 murders last year, as well as 228 shootings.

"He would say, 'You can never imagine what the human race is capable of doing,' then he would just put his head down," said his cousin Maciaszek, 46.

Webmaster's Commentary: 

This ... is absolutely insane, and I notice that there is not one mention of its mayor, Rahm Emanuel, in this story; but there should be.

Last November, he declared that Chicago was, and would always be a "sanctuary city" for illegal immigrants; I guess he also meant this would apply to members of the notorious gang, the MS-13, from El Salvador.
Gutfeld Rips 'Moron' Emanuel for Declaring Chicago Will Always Be a Sanctuary City

The following article, from 5 years ago, also gives some in-depth insight as to why the gang violence in Chicago has escalated.Why my Hometown of Chicago is so Violent

As with many urban inner-city communities, in Chicago, you have a broken, ruptured infrastructure, and broken, disrupted families; sometimes,the gangs are all kids have to give them a feeling of belonging, and a place in this world.

What this country should do is completely decriminalise all drugs; that takes the profit motive out of being part of a gang.Then, we have to take these kids back to some positive kind of family existence, which is loving, warm, structured, and comforting.

I don't know how it can be done, but just sense it must be done, to prevent a further downward spiral for American urban youth.

May 05 07:21

REVEALED: How value of fiver has dropped since old £5 note introduced

The paper blue note was first introduced in 1957, but since then the value of £5 has dropped by a massive 96 per cent, according to analysis by Lloyds Bank.

It means that 60 years ago, the sum would have the same spending power as £113 today.

May 05 07:19

Shock chart reveals savers face 'dual onslaught' of misery wiping billions off cash pots

Britons trying to make an income from savings face cash ISAs with an average rate of 0.41 per cent, less than a fifth of inflation at 2.3 per cent, according to

It means households with the tax-free accounts are effectively receiving negative interest rates, which have sliced £4.4billion off savings.

May 05 06:23


Back in 2013, markets tumbled (if briefly) on the news that Detroit would file for bankruptcy, at the time the biggest municipal bankruptcy in US history with over $18 billion in liabilities. Yesterday, algos barely even bothered to look up when Puerto Rico's governor announced that the US Commonwealth would submit Title III (aka bankruptcy) protection, despite a debt load of more than $70 billion, or nearly four times greater than Detroit's.

Webmaster's Commentary: 

Irresponsible bank executives and national leaders have created this disastrous situation for the Puerto Rican people, and I wish they had the horse-sense to "pull an Iceland"; declare the debt odious, and throw the bankers and politicians who did this in jail.

And BTW, are you aware that the Icelandic currency, the Krona, is now the strongest currencies in the world?!?

Icelandic krona crowned world’s best-performing currency

May 05 06:13

Mannarino warns: “There is a massive amount of financial engineering supporting the stock market right now”

If you’ve been following mainstream financial analysts and pundits you’d think that the U.S. economy was booming again. Prices are near all time highs, people are living in fancy homes again, everyone has a brand new car, and official unemployment is below 5%.

May 05 02:02

Housing crisis in the bay area (2017)

Faced with some of the most expensive rental housing in the nation, some Bay Area residents are feeling priced out and are seeking low-cost alternatives. In Silicon Valley, a hub of computer and technology companies, some people are even turning to cars, vans and RVs for housing. NewsHour Weekend Special Correspondent Joanne Elgart Jennings has the story.

May 04 16:40

Aristotle’s 5 reasons gold is money

It’s an unfortunate historical anomaly that people think about the paper in their wallets as money. The dollar is, technically, a currency. A currency is a government substitute for money. But gold is money.

May 04 15:16

Apple-Picking Robot Prepares to Compete for Farm Jobs

Orchard owners say they need automation because seasonal farm labor is getting harder to come by.

May 04 14:29

Canada’s Housing Market Bubble Is At The Horizon Of Implosion; What Implications Will It Have For The Canada’s Economy If The Housing Bubble Does Burst

“Eight years of super-low interest rates in the US have succeeded in inflating home prices in many cities way past the peaks of the housing bubble that imploded during the Financial Crisis. A boom-crash-boom movement.

May 04 13:59

Unfunded Public Pension Obligations Grow to $5.6 Trillion

State public pension plans are underfunded by nearly $5.6 trillion nationwide, according to a new American Legislative Exchange Council (ALEC) study. Naturally, the level of pension funding and the size of liabilities vary widely across states. Given that, the new ALEC report provides useful comparisons based on three criteria:

Funded ratio;
Total unfunded liabilities; and
Per capital unfunded liabilities.
In terms of funding ration, Wisconsin scores the best, at 63.4 percent funding, the only state with a ratio above 50 percent. Connecticut scores worst, at 22.8 percent.

Vermont has the nation’s smallest total pension obligation sum, at $8.7 billion; California the greatest, at $956 billion.

May 04 13:56

Oil Prices Crash To Pre-OPEC Deal Levels

May 04 12:40

The buy-in for society has gotten higher and higher, and the returns have gotten less with each passing year. Is it any wonder that anyone who can avoid working, does?

Let's take a look at what you need to be a responsible working adult in the United States these days.

May 04 12:28

Gold Is Facing A Bearish Trend; Why Is It The Right Time Now To Buy Gold

Gold prices fell Wednesday, setting the yellow metal up for its lowest finish in about a month as investors await clues from U.S. Federal Reserve officials on the pace of interest-rate increases and the economic outlook.

May 04 11:39

Millennials Must Have 100% Invested in THIS Asset Class! Hint: It’s Probably What You Think

What should I invest in? Where do I put my savings? With interest rates down, investments that are safe yet provide good yield are hard to come by. Risk becomes ever present in search of higher yield. There is no question that this risk is increasing and the bubbles have inflated to a greater degree. There is no escaping the fallout.

May 04 10:36

Why Apple, Tesla And Google Are Fighting For This Rare Metal

There is a massive opportunity for first-in investors in cobalt as major hedge funds start hoarding the physical metal to gain exposure, and this long-overshadowed resource is poised to be more explosive than lithium.

May 04 10:32

Gold Slumps To 6-Week Low As Crude Oil Tanking

Gold prices were ending the U.S. day session sharply down and hit a six-week low Thursday. Crude oil prices dropped to a nine-month low of $45.63 a barrel, which hit most of the raw commodity sector hard to the downside today, including the precious metals. Rallying world stock markets and minimal risk aversion in the marketplace are also keeping buyers of the safe-haven metal very scarce. June Comex gold was last down $18.10 an ounce at $1,230.40. July Comex silver was last down $0.201 at $16.345 an ounce.

As goes the crude oil market, so go most other raw commodity markets, and that was the case Thursday. “Black gold” today showed it clearly leads the raw commodity sector.

Traders are awaiting Friday morning’s U.S. jobs report for April from the Labor Department. The key non-farm payrolls number is forecast to come in at up around 190,000.

May 04 09:36

‘Breaking Point’: Puerto Rico Files For Historic $70bn Bankruptcy

The Commonwealth of Puerto Rico is seeking the largest municipal bankruptcy filing in US history, after failed negotiations with creditors over its $70 billion debt crisis. That’s more than four times the debt Detroit collapsed under.

May 04 09:23

Has The Date Of The Economic Collapse Just Been Leaked?

The collapse of Home Capital Bank could be spreading to other lenders. Greece reaches debt deal but they need to give up more and the country will sell of more of the country.

May 04 09:13

Is The World's Largest Bitcoin Exchange Headed For A Mt. Gox-Style Collapse

Could Bitfinex, the Hong Kong-based second-largest in the world cryptocurrency exchange, be headed for a Mt. Gox-style collapse? It's starting to look that way.

May 04 09:10


Many today strongly believe it is morally wrong to indenture students to the degree of liabilities presently required to achieve the education required to become a productive contributor within our modern society.

The question we need to demand answers to is why has college costs for students exploded upward, while salaries and job positions for graduates has not? What is driving the relentless and inexplicable surge in the debt burden for students and their parents?

May 04 09:10

The Central Bank Signals That It's On Track To Bring The Entire System Down

Puerto Rico declares bankruptcy, the restructuring is larger than Detroit. EU blackmails any country that wants to leave the EU, now they want 100 billion euros. ADP employment declines. US auto sales decline as there are more delinquencies among the American people.

May 04 08:51

Puerto Rico Triggers Largest Ever US Muni Bankruptcy Process

“We’re going to protect our people.” Hedge funds reel.

Puerto Rico’s Governor Ricardo Rosselló took the momentous step on Wednesday to trigger the largest municipal bankruptcy-type process in the US, four times larger than the prior record, Detroit’s bankruptcy.

May 04 08:51

Kyle Bass Warns "All Hell Is About To Break Loose" In China

China's credit system expanded "too recklessly and too quickly," and "it's beginning to unravel," warns Hayman Capital's Kyle Bass.

Crucially, Bass notes that ballooning assets in Chinese wealth management products are another sign of a looming credit crisis in the nation.

"Some of the longer-term assets aren't doing very well," Bass said on Bloomberg TV from the annual Milken Institute Global Conference in Beverly Hills, California. "As soon as liabilities have problems - meaning the depositors decide to not roll their holdings - all hell breaks loose."

Webmaster's Commentary: 

Real economics, or economic warfare?

May 04 08:50

The Ferguson Effect: Baltimore Millennials' Worst Nightmare

Last week, I wrote an article titled Baltimore Millennials’ “City Life” Narrative Starts To Crack. It appears the crack in the narrative is much larger than we thought. What’s developing in Baltimore is called the ‘Ferguson Effect’. This is a theory where the increased scrutiny of police post 2014 death of Michael Brown in Ferguson, Missouri and Trayvon Martin in Florida will lead to higher crime rates. Baltimore is turning this theory into a reality, as the city descends into chaos before the summer start. The rapid deterioration of Baltimore in 2017 has caught the linear mindset of the millennials’ off guard, who thought gentrification was right around the corner.

May 04 08:39

China's Plan To Subvert The Global Dollar Standard

Why Gold Is Central to China’s Future Trade-Settlement Policy

China’s challenge is the yuan as a purely fiat currency will take decades to replace the dollar, possibly never. And that assumes that China follows more stable monetary policies than the US. This has not been the case since the Lehman crisis, with China’s M2 broad money quantity expanding rapidly, accounting for much of the world’s monetary growth in recent years. The rate of monetary expansion is criticized as a dangerous credit bubble by western analysts, who are quick to condone monetary expansion in their own developed nations, but turn into hard-core monetarist critics over China. No, China will never replace the dollar with her own currency without a golden guarantee.

Therefore, China needs to deploy gold to displace the dollar. This might be done in one of two ways, one encouraging markets to evolve away from dollars toward gold, or alternatively by the state forcing the pace.

May 04 08:29

In Silicon Valley, even mobile homes are getting too pricey for longtime residents

During the last week of March, Apple reached a record market value of $754 billion, Google tweaked a policy to protect its $22-billion-a-quarter advertising business and Yahoo inched toward closing a $4.83-billion sale. Meanwhile, Judy Pavlick drove around her Sunnyvale, Calif., mobile home park collecting plastic bottles and empty drink cans to save her future.

At a recycling rate of 5 to 10 cents a bottle, the 70-year-old’s attempt to raise $10,000 to campaign for a rent control measure seemed like a long shot. But living in the heart of Silicon Valley — where rents keep soaring, outside interests are encroaching and protections for renters are scant — what else was she going to do?

May 04 08:26

Silver or Gold or Cryptos... or All Three?

As PHYSICAL precious metals owners, you know where our hearts are. But with the rapid rise of cryptocurenncy as an alternative to the US Dollar and other fiat currencies, the question needs to be asked: Is there room in our portfolios for a little Bitcoin, Ethereum or Lite Coin? The United Nations is even embracing them. Are they here to stay? Should you care?

May 04 08:16

GREECE DEBT DEAL IS OFF! Germany halts bail out demanding MORE austerity and pension cuts

GERMANY says it will not support a bail out deal for Greece until it pushes through laws to cut pensions and inflict more austerity on its citizens.

May 04 08:13

The Least Explicable Bubble

Of all the mini-bubbles now inflating out there, maybe the least explicable is the race among emerging market companies to borrow dollars.

May 04 08:05

Is Britain already a Socialist Country? – It is in an “Economic Death Spiral” from which there is Little Hope of Reprieve

Recent figures show that in the UK, more than 50% of households receive more in State benefits than the pay in direct taxes (income tax, VAT etc…) to the Government. The Centre for Policy Studies says that “the average household paid £13,402 in taxes in 2013/14. Yet it received £12,939 in cash benefits and benefits in-kind” When this is added to education and health benefits shows that the majority of British people are a drain on the public purse.

May 04 08:01

Debt is Financial Life – Nonsense!

How does increasing debt affect us?

Rapidly increasing total debt means more dollars in circulation and higher consumer prices.

Increasing debt service for the masses. How much do you owe for mortgage debt, auto loan debt, student loan debt, credit card debt? How much interest do you pay each year?

More profits for Wall Street.

Debt increases every day – globally.

Zimbabwe, Venezuela, Greece, and many more in the near future.

May 04 07:54

$84,000 a year now qualifies as low income in high-cost Orange County

Government and private agencies use HUD’s income calculations to determine eligibility for a wide variety of assistance programs, ranging from rent subsidy vouchers and public housing to mortgage assistance. While low-income families qualify for some programs, others are limited to households earning far less, with limits as low as $31,300 for a family of four.

Record-high rents and home prices are driving up Southern California income limits. Orange County apartment rents, for example, increased 20 percent over the past seven years, while the median sale price of an Orange County house has jumped 40 percent.

May 04 07:26


Speaking outside Downing Street on Wednesday, after notifying the Queen of the dissolution of Parliament, Theresa May took a tough stance towards EU Oligarchs, saying Brussels eurocrats do not want the Brexit talks to succeed and for Britain to “prosper” after Brexit.

Prime Minister Theresa May accused European officials of trying to influence the result of Britain’s general election with threats of harsh Brexit terms.

The UK PM suggested that Britain’s negotiating position has been misrepresented in the European press.

“In the past few days we have seen just how tough these talks are likely to be. Britain’s negotiating position in Europe has been misrepresented in the continental press.

“The European commission’s negotiating stance has hardened. Threats against Britain have been issued by European politicians and officials. All of these acts have been deliberately timed to affect the result of the general election that will take place on June 8.”

Webmaster's Commentary: 

The EU, at this point, is behaving like a wounded animal; and the most dangerous animals are those which have been wounded.

And even though the wounds are economic in nature, the bureaucrats in Brussels understand that they are fighting for their professional lives.

May 04 06:10

Poland – The Next Crisis for the EU – Independent Sovereignty is the Issue

Poland represents a major threat to the EU. The entire idea of the EU was the propaganda that Member States would successively grow into a real Union through a longer integration process.

May 04 05:32

John Rubino – Is a Recession on the Way?

May 03 16:03

The ’51st U.S. State’ Declares Bankruptcy As Corporate Insiders Sell Stocks At The Fastest Rate Since The Last Financial Crisis

Puerto Rico has collapsed financially and has “filed for the equivalent of bankruptcy protection”. When this was announced on Wednesday, it quickly made front page news all over the planet. For decades, Puerto Rico has been considered to be the territory most likely to become “the 51st U.S. state”, and there have even been rumblings that we could soon see a renewed push for statehood.

May 03 15:20

America : Freedom to Fascism

Webmaster's Commentary: 

For the caller into the radio show.

May 03 14:03

Ann Coulter: Swamp People: 47; Trump: 0

If this is the budget deal we get when Republicans control the House, the Senate and the presidency, there’s no point in ever voting for a Republican again.

Not only is there no funding for a wall, but — thanks to the deft negotiating skills of House Speaker Paul Ryan — the bill actually prohibits money from being spent on a wall.

May 03 12:53

Icelandic krona crowned world’s best-performing currency

The krona has surged four percent against the euro and 6.4 percent against the US dollar since the end of March. It has gained 21 percent against the euro and 15 percent against the dollar in the last year.

The krona was trading at 106.29 per dollar and 115.96 per euro as of 13:30pm GMT on Wednesday.

“While volatility did increase when controls were lifted, the trend has been toward further appreciation, and we expect some further appreciation throughout the summer,” Jon Bjarki Bentsson, a Reykjavik-based economist at Islandsbanki, told Bloomberg. “The surge in tourism has outpaced the growing deficit on goods trade.”

Statistics showed the country attracted a record 1.8 million foreign visitors last year, up 40 percent from 2015.

Webmaster's Commentary: 

See what jailing crooked bankers and writing off debt caused by fraud can do?

May 03 12:49

"They Know Something That We Don't" – Corporate Insiders Are Dumping Their Stocks "At Levels Rarely Seen"

There aren’t any surefire ways to tell if the stock market, and perhaps the rest of the economy, is about to take a nosedive. That’s because millions of people with millions of ideas are involved, so it’s an inherently unpredictable system. However, there are certain players in our economy that have a lot more influence and insider knowledge than the rest of us. So when they make a move in unison, you know there’s a good chance that something is about to go down.

May 03 11:09

America’s Largest Oil Refinery Now 100% Saudi Owned

Saudi Aramco now controls 100 percent of the Port Arthur, Texas, oil refinery – the largest such facility in the United States – according to an announcement on Monday.

May 03 09:46

U.S GOLD SCRAP MARKET DRYING UP: Americans Pawned Off Their Best Asset To Go Further Into Debt

After the U.S. economy disintegrated in 2008, due to the Banking and Housing crisis, Americans pawned off a record amount of gold. How much gold? Nearly, 32 million oz (1,000 metric tons). That’s one heck of a lot of gold. Matter-a-fact, U.S. gold scrap supply at its peak of 160 metric tons (mt) in 2011, was more than any other country in the world, even India and China.

May 03 09:37

Report: North Korea cultivating marijuana to fuel drones

Oil made from Cannabis seed is superior and healthier as a cooking oil by far than soybean oil. Hemp seed oil would be great for running diesel engines,but not gasoline engines. It might work as a jet engine fuel.

May 03 09:29

All the Plenary's Men

The Bank Cartel have their own secret 'laws’ and ‘legal’ system which supersede all national and international laws!
How George Osborne and Mark Carney used these to stop the DOJ from prosecuting bankers.
Eye-opening, even for those who think they know how it works.

May 03 08:52

The Real Defenders of Democracy: Syria and the Struggle against the International Despotism of Wall Street

Are wars of aggression, wars for the conquest of colonies … just big business? Yes, it would seem so, however much the perpetrators of such national crimes seek to hide their true purpose under banners of high-sounding abstractions and ideals.

May 03 08:51

BREAKING: State Department Issues Travel Warning for All of Europe

A large part of the debate over whether or not the United States should admit refugees from the war-torn Middle East is the possibility of terrorists slipping through the cracks. While the U.S. has a vigorous vetting process in place (and only took in 10,000 refugees), Europe maintained what essentially was an “open borders” policy towards migrants.

In 2015 alone 1.3 million Middle Eastern migrants sought refuge in Europe alone – many of which were economic migrants, not even refugees.

And now, as terrorism becomes practically a regular occurrence in Europe, the State Department is issuing a warning to American tourists:

May 03 08:39

Apple's iPhone sales in surprise drop

Apple sold fewer iPhones than a year ago in the first three months of 2017, the company said in its latest results.

The California firm, which is due to release a new phone later this year, said it sold 50.8 million iPhones in the period, down 1% year-on-year.

Apple boss Tim Cook blamed a "pause" as customers wait for the next iPhone.

May 03 07:53

The Elites Have Destroyed the Status Quo's Ability to Self-Correct

You may have seen these charts before, but they tell the story of a middle class in decline.

For any system to endure, it must maintain a built-in capacity to self-correct: that is, it must generate accurate informational feedback about dangerous asymmetries and auto-correct with behavioral feedback.

May 03 07:44

Ranks of seniors catch up, pass young people in Canada, census numbers to show

Paul Kershaw loves his 72-year-old mother and his 101-year-old grandmother.

But they represent a growing challenge for the country, and Kershaw, 42, will be counting on younger age groups to protect and support the services that seniors need as Canada bears witness to a historic greying of its population.

The next batch of numbers from the 2016 census, due Wednesday, is expected to show that thanks to aging baby boomers, there are as many seniors in Canada as young people, if not more — the first time in Canadian history that has been the case.

May 03 07:38

Axel Merk - Easiest Diversifier Is Gold, These Markets Can Be Tipped Over by Anything

Money manager Axel Merk contends the “easiest diversifier is gold.” Merk explains, “I do very much have gold. I have it in physical form and exchange traded form and other means of investing in gold. Yes, I say it’s the easiest diversifier.

May 03 07:25

Action Over Slow Internet Service Sent to NY Court

The fraud and deceptive business practices suit claims that Time Warner sold high-speed service starting in January 2012 that purported to deliver plans at up to 300 megabits per second. But Schneiderman said his office, after complaints from "thousands" of subscribers, found that Time Warner was delivering service at only between 28 percent and 55 percent of its promised speed.

Time Warner was purchased by the Stamford, Connecticut-based Charter Communications in 2016 and operates under the Spectrum brand in New York.

Webmaster's Commentary: 

Spectrum here in Oahu is abysmal. Spectrum has problems all over. I cannot even get some speed tests to work and those that do are are showing less than 20 Mbps on what is supposed to be a 300 Mbps connection!

May 03 06:26

Debt Insanity: Does Anyone In Washington Even Care That We Are 20 Trillion Dollars In Debt?

There has been a tremendous amount of talk about the spending deal that was just reached in Congress. Most of the focus has been on who “won” and who “lost” politically, and if you have been keeping up with my articles you definitely know my opinion on the matter.

May 02 19:00

EU leaders 'plan to hike Brexit bill to £85 BILLION thanks to demanding France & Germany'

THE European Union has reportedly increased its Brexit bill to an eye-watering £85billion (€100bn) after France and Germany made stricter demands on how much the UK should pay.

May 02 16:09

U.S. Auto Sales Plunge Dramatically As The Consumer Debt Bubble Continues To Collapse

One sector of the economy that is acting as if we were already in the middle of a horrible recession is the auto industry. We just got sales figures for the month of April, and every single major U.S. auto manufacturer missed their sales projections.

May 02 14:21

The Great Unwind Grips the 12 Hottest US Rental Markets

Peak Rent. Traces of relief for renters. Landlords scramble. But in cheaper cities, rents soar.

In April, asking rents for two-bedroom apartments declined from their respective peaks in all of the 12 most expensive rental markets in the US, ranging from a tentative 1.3% down-tick in Los Angeles to an 18.9% plunge in Chicago.

May 02 14:10

Billionaire Investor Paul Tudor Jones Says Stock Market Valuation Is “Terrifying” And He Is Right

We live in a unique time. Never before have the markets gone to such extremes in almost every way imaginable.

Not just the markets either. Nearly everything.

May 02 14:07

The U.S. Political Scene: Whiteness And The Legitimacy Crisis Of Global Capitalism

The U.S. political scene has been undergoing a facelift in an effort to restore the decreasing legitimacy of the transnationally-oriented capitalist class. This transformation has been characterized by a right wing that has sought to portray itself as economically nationalistic in an attempt to expand support among the working class (primarily, among working class whites) whose economic stability has dwindled during the neoliberal era.