Dec 28 16:12


Dec 28 14:52

Trump Might Be the End of the Bush-Obama Consensus

Say what you want about the Obama economy, but one aspect of it must be stated up front: It was the “Happy Time” of crony capitalism. I know this statement departs from the glowing narrative being promoted by mainstream sources, but facts are facts. Maybe Obama’s was left-cronyism, whereas Bush pushed a right one, but no matter. Crony capitalism has done well since 2009.

Dec 28 12:02

Economy Shrinks Under Modi-fied India

Raja M. Nah discusses how demonetisation has adversely impacted manufacturing and agricultural growth in India, and how cash stringency will compel firms to reduce labour cost and thus reduce income of the working class

Dec 28 10:18

Minimum Wages Jump on Jan. 1 in Cities & States. Here’s what I Think about it.

While Congress sits on its hands.

Dec 28 09:33

Scandinavia's Disappearing Cash Act

By the end of this month, Scandinavia's last mint will have closed.

Following in the footsteps of Sweden and Norway, Denmark has decided to outsource the production of its coins to Finland. The Danish central bank has already stopped printing banknotes.

Dec 28 09:19

The shantytowns of America: Inside the shacks, cars, tents and boxes that America's homeless call home

From Florida to Louisiana, one photographer has captured these captivating images of homeless people across the United States.

Dec 28 08:34

Pension Panic: The Coming Financial Bubble Nobody Is Talking About

For millions of public sector workers in the U.S., state-run pension funds are the only chance left for a comfortable retirement. In the hopes of providing a stable future for their families, an entire generation was duped into putting decades of their earnings into these supposedly ‘risk-free’ investments. Unfortunately, those who have entrusted the government to manage their life savings may end up destitute as a result.

Dec 28 08:28

Toshiba shares plummet after warning of 'billions' in losses

The Japanese firm's shares plunged 20% on Wednesday, after the company warned it is expecting billions of dollars in losses from its takeover of a U.S. nuclear construction business last year.

"We're still figuring out the exact numbers, but it could reach up to several hundred billion yen," CEO Satoshi Tsunakawa told reporters Tuesday.

Dec 28 08:27

Wednesday – Still Waiting for Dow 20K


Come on Dow, we already bought the hats.

Dec 28 08:17

Europe Proposes Confiscating Gold In Crackdown On "Terrorist Financing"

Hot on the heels of China gold import restrictions, and India's demonetization and gold confiscations, The European Commission proposed tightening controls on cash and precious metals transfers from outside the EU under the guise of shutting down one route for funding of militant attacks on the continent, following the Berlin Christmas attack.

Webmaster's Commentary: 

This has nothing to do with terror. The cashless society, forcing you to leave your money trapped inside the banks, only works if there is no portable store of value available to the public. That is why every nation starting to work towards a cashless society is banning private ownership of gold, and soon silver as well.

Dec 28 07:43

Trump Inherits Political and Economic Titanic-Warren Pollock

Will the Trump Administration be going on the offensive against the Clintons? Wall Street analyst and financial expert Warren Pollock contends, “When you have a school of piranhas circling you, it’s hard to attack them because they are all over the place nipping at you.

Dec 28 07:31

Growing number of Americans are retiring outside the US

Newly widowed, Kay McCowen quit her job, sold her house, applied for Social Security and retired to Mexico. It was a move she and her husband, Mel, had discussed before he passed away in 2012.

"I wanted to find a place where I could afford to live off my Social Security," she said. "The weather here is so perfect, and it's a beautiful place."
She is among a growing number of Americans who are retiring outside the United States. The number grew 17 percent between 2010 and 2015 and is expected to increase over the next 10 years as more baby boomers retire.
Just under 400,000 American retirees are now living abroad, according to the Social Security Administration. The countries they have chosen most often: Canada, Japan, Mexico, Germany and the United Kingdom.

Retirees most often cite the cost of living as the reason for moving elsewhere, said Olivia S. Mitchell, director of the Pension Research Council at the University of Pennsylvania's Wharton School.

Webmaster's Commentary: 

Being away from the "rat race", in terms of the hectic pace of life in this country, may also be a large factor with such decisions as well.

Dec 28 03:45

No good deed goes unpunished; A stronger US Dollar set to undermine American Business in 2017

The US dollar is the reticent winner of the forex market after a tumultuous year in 2016, which has set up an unknown and perhaps dangerous path for the American manufacturing sector in 2017.

Dec 27 16:55


Politicians on both sides of the aisle have been saying that it is impossible to bring back jobs from China. Even before Trump gets into office, he is bringing jobs back to America.

Dec 27 16:14

Chinese Interbank Funding Freezes Again As Overnight Repo Hits 33%

While we have previously shown the amazing gimmicks the Chinese central bank does with the short end of the offshore Yuan interbank offered rate, which as previously explained, and as shown in the animation below, has become the PBOC's favorite means of punishing currency speculators by making Yuan borrowing costs against shorts crushingly high, forcing short unwinds...... when it comes to more traditional unsecured short-term funding markets, like the simple overnight repo, these reflect overall levels of liquidity in the interbank market, or as the case may be, complete absence thereof.

Dec 27 16:10

ECB Lowers Deutsche Bank's Capital Requirements, Allowing It To Pay Bonuses

Fast forward to this morning when the ECB once again rode to the rescue, if not so much of Deutsche Bank the company, then certainly the employees of the German bank, and as Reuters reported overnight, Mario Draghi agreed to lower the minimum capital requirements for Deutsche Bank on Tuesday, "giving the lender more leeway to structure bonus payments and dividends."

Deutsche Bank said the ECB requires it to maintain a phase-in common equity tier 1 (CET 1) ratio of at least 9.51% on a consolidated basis, starting January 2017. This is below Deutsche Bank's current requirement of 10.76 percent, a threshold the bank cannot fall below this year without having to limit dividends, variable remuneration and coupon payments to holders of Additional Tier 1 instruments, the bank said.

The drop in requirements for 2017 comes after a change in the rules. The ECB now expresses parts of its capital demands as voluntary guidance.

Webmaster's Commentary: 

Have the ECB and Mario Draghi collectively lost their minds on this?!?

What if there is some terrible economic catastrophe which comes Deutsche Bank's way (like a global move that triggers a huge move in the derivatives market), which causes the bank to go under, necessitating a bailout from the German government?!?

Dec 27 15:04

The world of gold is about to change

When you look at the price of gold in 2016 you see that the level we have today 1130 USD/oz is only a little bit higher than January’s 1050 USD/oz. Jumping to conclusions we may say that this year was very calm but the reality is far from it.

Dec 27 15:03

Will the OPEC Deal Last

The markets were cautiously optimistic earlier this month as OPEC shocked the world by finally coming together to curb oil output.

Dec 27 14:55

David Collum: We've Got A Recession Coming

Whether or not you've had time yet to plow your way through David Collum's excellent 2016 Year in Review, our annual podcast with Dave always brings additional color to light -- and this year's is no exception.

Dec 27 14:18

Turmoil in 2017: Market Signals That There Will Be A Massive Correction Before Trump Inauguration

The Election of Donald Trump spurred an extended buying frenzy in stocks and commodities, sending the Dow Jones Industrial Average (DJIA) sky high. The Dow broke multiple new records nearing 20,000 points and rose 8% since the election causing an exuberant optimism and bullish sentiment that felt outright unnatural.

Dec 27 11:00

Consumer Confidence Jumps To Highest Since 2001 As "Trump Hope" Soars

Moments ago, that "other" confidence index reported by the Conference Board, also printed at multi-year highs, surging from its November print of 109.4, and well above the 109 expected, to 113.7. This was the highest print since August 2001. What drove the surge? What else: hope that Trump will make things better...

Dec 27 10:51

When Assets (Such as Real Estate) Become Liabilities

It will be the middle class that accepted the notion that "real estate is the foundation of family wealth" that will be stripmined by higher taxes on immobile assets such as real estate.

Dec 27 10:45

EURO ON THE BRINK: Investors predict currency COLLAPSE as Italy 'worry child number one'

ONE in five investors is predicting a Eurozone breakup, a survey has revealed, amid fresh fears Italian banks could be first to be allowed to go bust.

According to the latest Sentix Euro Break-up Index data captured just before Christmas, 21.8 per cent of 933 investors questioned believe Italy could end up leaving the Eurozone as its banks struggle with a liquidity crisis.

Dec 27 10:41

REVEALED: Britain's £1.1TRILLION liability in the EU and why we must get out NOW

BRITAIN is exposed to an eye watering £1.1 trillion of liabilities while it is still in the European Union.

With concerns mounting over a new major financial crash in the eurozone, the revelations in a Global Britain report have highlighted why the UK Government needs to ensure a speedy Exit from the EU.

If there is a collapse in the eurozone Britain could be asked to help pick up a bill which in effect would double its national debt.

Dec 27 10:38

Geo-Political and Economic Risks Create Uncertain Role for China in 2017

The legitimacy of China’s global superpower status is under increased scrutiny lately in part due to the election of Donald Trump.

Dec 27 06:25

New Census Data Shows Why the Job Market is Still “Terrible” (as Trump said), but the Numbers Get Hushed up

Hardly any improvement for individuals since the Great Recession.

Dec 26 19:43

The Italian Bank Run: Monte Paschi Capital Shortfall Surges 75% To €8.8Bn Due To "Rapid Liquidity Deterioration"

The ECB told Italy's failed Monte dei Paschi it needs to plug a capital shortfall of €8.8 billion, 76% greater than the previously estimated €5 billion gap. The ECB said the lender was solvent but signaled the bank's liquidity position had rapidly deteriorated between the end of November and December 21.

Dec 26 14:03

The Bank of Canada has taken to YouTube to warn Canadians about the dangers of too much debt and unrealistic house price expectations. Will anyone listen?

Senior Policy Advisor Joshua Slive explains how financial stress can impact Canadian households and the broader financial system, and how the Bank monitors and reports on these concerns.

Dec 26 10:45

Trump Prepares to Takeover Fed

In Donald Trump’s first four years as president, he will not only choose three judges for the Supreme Court, he’ll also pick five of the seven members on the Fed Board of Governors. It would be impossible to overstate the effect this is going to have on the nation’s economic future.

Webmaster's Commentary: 

This article is actually arguing that while change is needed, Trump would not be able to resist the temptation to use that power for himself.

Maybe, maybe not. But Trump is clearly following Putin's lead on this and it worked out pretty good for the Russian Republics!

I say let's give it a try. It will be less messy than using guillotines on the bankers!

Dec 26 10:19

The Airport Of The Future Coming Sooner To U.S. Thanks To Trump

A glimpse into Donald Trump’s pledge to modernize U.S airports to bring them out of the “third-world” and into the future.

Dec 26 09:33

Bank Of Canada Lays Out In YouTube Clip How The Economy Could Tank

The Bank of Canada has taken to YouTube to warn Canadians about the dangers of too much debt and unrealistic house price expectations. Will anyone listen?

Dec 26 09:15

China-led AIIB invests in gas pipeline linking Azerbaijan with Turkey, Europe

The Asian Infrastructure Investment Bank (AIIB) has approved its biggest loan so far for the construction of a gas pipeline connecting Azerbaijan to Turkey and Southern Europe.

The Beijing-based AIIB will lend US$600 million to the Trans-Anatolian Natural Gas Pipeline Project (TANAP) which, when completed, will transport natural gas from fields in Azerbaijan through Georgia into Turkey and then onto markets in Southern Europe.

The bank said investment in the project, which will be financed together with other multinational lenders including the World Bank as well as commercial investors, was vital for linking the South Caucasian country with new markets.

“This crucial upgrade of energy infrastructure between Asia and Europe will further strengthen the economy of Azerbaijan while underpinning energy security in Turkey, as well as several countries in southern Europe,” AIIB Vice-President DJ Pandian said in a statement on Wednesday.

Webmaster's Commentary: 

This pipeline will be a huge boost, economically, for Azerbaijan, and give Turkey and Southern Europe more options in terms of purchasing natural gas.

Dec 26 09:09


The same company that paid Hillary Clinton nearly $700,000, for three one-hour speeches, has now been ordered to pay a nine-figure sum for currency market manipulation.

Goldman-Sachs was ordered to pay 120 million, “to settle charges that it often tried to manipulate a global dollar benchmark for interest rate products over a five-year period,” according to Reuters.

The investment corporation was levied the “civil penalty to settle charges that it often tried to manipulate a global dollar benchmark for interest rate products over a five-year period,” the report states.

Citing the Commodity Futures Trading Commission’s report, Reuters stated Goldman-Sachs engaged in its illegal activity in an attempt to “manipulate the U.S. Dollar International Swaps and Derivatives Association Fix benchmark,” and was ordered to cease from doing so in the future by taking measures to prevent a recurrence.

Webmaster's Commentary: 

The only way to bring this kind of behaviour under control is to make this kind of activity punishable by hard jail time for all those who signed off on these practices; this financial wrist slap means NOTHING for a company the size of Goldman Sachs.

Dec 26 08:53

NY Fed’s Coincident Economic Index Just Turned, The Collapse Just Ahead

Disconnect in consumer confidence and what is actually happening in the economy.

Dec 26 08:53

Bundesbank Hauls its Gold back from New York & Paris Faster than Planned

A “trust-building” measure after an enormous hullabaloo.

Dec 25 19:58


The Trump Stock Market Rally since the election is of historical proportions and it is just getting better.

Dec 25 10:06

FLASHBACK - The Silent Coup: Putin vs. the Oligarchs

ON JULY 28, 2000, Vladimir Putin gathered the 18 most powerful businessmen in Russia for an unprecedented discussion. This was the beginning of Putin’s campaign to undermine and reduce the power of a group of men who had made titanic fortunes from reforms designed to pave the way for a transformation of the Soviet planned economy into a free market economy. Russian President Vladimir Putin was rewriting the rules again. In no uncertain terms, Putin told Russia’s wealthiest that the jig was up, and he denounced them as creators of a corrupt state.

Webmaster's Commentary: 

Trump, take note!

Dec 24 17:34

Canada’s Goods Producing Sector Caves

Exports get blamed, despite the crushed loonie.

Many countries, including the US, report GDP on a quarterly basis. Canada reports on a monthly basis. So today Statistics Canada reported GDP for October. What’s disconcerting isn’t so much that GDP fell 0.3% on a monthly basis – these things happen – though it disappointed economists along the way…

Dec 24 14:31

Top Obama Economist Admits 94% Of All New Jobs Were Part-Time

Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Alternative “Gig” Jobs, Not Traditional Full-Time Jobs

Dec 24 13:12

Venezuela: What Christmas Is Like During an Economic Collapse

Here in America, we’re preparing to eat until we waddle, open gift after gift, and travel to see loved ones. Meanwhile, the Christmas scenario in Venezuela is very different indeed.

Dec 24 11:46

Trump Picks a Bitcoin Supporter for Cabinet as U.S. Budget Director

"Mick Mulvaney, a conservative Republican congressman from South Carolina and a long-time bitcoin supporter has been picked to run the Office of Management and Budget...."

Dec 24 11:33

REVEALED: The shock chart that shows how Amazon rules at Christmas

Almost 40 per cent of market share was snatched by the retailer, suggest 1.7 million online shopping receipts collected by Slice Intelligence between November 1 and December 16.

The second-best performing US retailer Best Buy had just 3.9 per cent, while in third place Target had a 2.9 per cent share.

Wal-Mart and Macy's completed the top five, with a 2.7 per cent and 2.5 per cent share respectively.

Dec 24 11:10

Suddenly Liberals Are The Ones Stockpiling Guns, Food And Supplies

Fearing Trump’s presidency could rapidly evolve into a “Trumpocalypse”, a significant number of leftists are stockpiling food, guns and emergency supplies.

Dec 24 10:09

China’s Collapse Is Coming, More So Now Than Ever - Gordon Chang

The world’s second largest economy is on the brink of collapse, at least that’s what best-selling author and Forbes contributor Gordon Chang believes. Author of The Coming Collapse of China, Chang gave his outlook on the country’s economy, which remains grim -- more so now than ever.

Dec 24 09:14

EU TERRORISM: Top NATO financial auditor’s “suicide” story unravelling by the hour

A quiet pre-Christmas Friday this is not. As the prime Berlin market atrocity suspect is shot dead in Italy, a Libyan plane is hijacked and flown to Malta.

Dec 24 09:03

The Italian Banking Crisis: No Free Lunch — Or Is There?

On December 4, 2016, Italian voters rejected a referendum to amend their constitution to give the government more power, and the Italian prime minister resigned. The resulting chaos has pushed Italy’s already-troubled banks into bankruptcy. First on the chopping block is the 500 year old Banca Monte dei Paschi di Siena SpA (BMP), the oldest surviving bank in the world and the third largest bank in Italy. The concern is that its loss could trigger the collapse of other banks and even of the eurozone itself.

Dec 24 08:33

Trump Will Lift Russia Sanctions in 2017

In an indication of how quickly the world is changing, most economic and finance specialists now believe US sanctions against Russia will be lifted or eased next year.

Dec 24 07:35

‘It’s a Wonderful Lie’: 9-minute ‘It’s a Wonderful Life’ analysis of Federal Reserve fraud to call debt-creation as ‘money supply;’ with OBVIOUS solutions worth $1,000,000 per average US household whenever ‘We the People’ are willing to look, learn, speak

*hyperlinks/videos live at source*

hat tip: What Really Happened

David Knight of InfoWars’ sharp nine minutes:

It’s a Wonderful Life is a seasonal classic reminding ‘We the People’ of our ongoing engagement with a .01% parasitic class using the public as work animals (“cattle” in the story). The story’s protagonist, George Bailey, embraces spiritual insight to continue literal “good Faith” effort for his community to not become slum-renters to antagonist, Henry Potter.

The following data easily prove that “work animal” for a .01% parasitic class neither overstates nor understates the following data, with ~$1,000,000 in benefits for the average US household with reforms easily demonstrated for anyone with the intellectual integrity and moral courage to look.

Dec 24 05:49

Rickards: Get ready for a new currency war with China

China’s capital and currency markets are on a collision course with the U.S., and by extension, the entire world. Economists are fond of saying if something can’t go on forever, it won’t. That truism applies to China.

Dec 24 03:09

Dr. Jim Willie: Global Economic Collapse Doesn’t Care About Party Affiliation (Video)

In the video below, you’ll find the continuation of my interview with Dr. Willie from the post titled, U.S. Dollar’s Status as the Global Reserve Continues To Lose Credibility. In the first half of the interview, you heard Dr. Willie voicing his own frustrations with how hard it is to convince people he cares about that dire economic times are on the horizon, especially when on the surface market conditions are giving off the appearance that everything is great, largely because new all-time highs continue to be reached almost weekly!

Dec 23 18:37

The ECB is Insolvent Based on Their Standards

As we approach 2017, the euro appears far worse than anyone could imagine. The biggest hypocrite is actually Mario Draghi who is outrageously managing the European Central Bank (ECB).

Dec 23 17:22

Is The US Gov Pushing Fake Economic Data To Keep Everyone In The Dark?

Initial jobless claims spike to 6 months high. Income and savings are declining all at the same time.

Dec 23 16:45

VENEZUELA CASH CRISIS - Venezuelans Angry as Their Fiat Currency Worthless. Economic Crisis Deepens

Guess which country has recently shown the greatest willingness to weather hardship in order to pay its foreign bondholders? Growing number of Venezuelans trade bolivars for bitcoins to buy necessities Paradoxically, it’s the country that has been among the most vocal in its anticapitalist rhetoric.

Dec 23 15:42

Dr. Jim Willie: U.S. Dollar’s Status as the Global Reserve Continues To Lose Credibility (Video)

In the following interview with Dr. Willie, we review many reasons Americans should still be very concerned about the economic dangers that lie ahead. The simple fact is that many of the problems are too far along to be reversed by a President Trump, or anyone else for that matter. At one point during Part I of the interview below, Dr. Willie reads a direct quote from this month’s issue of The Hat Trick Letter, his monthly newsletter. Dr. Willie expresses his own frustrations with trying to convince loved ones that all is not as it appears in financial markets.

Dr. Willie reads:

Dec 23 15:13

Red Flag on Recession Crops up in NY Fed’s Coincident Economic Index

Last time the index declined was in November 2009.

Dec 23 15:09

Happy 103rd Birthday Federal Reserve! - Now Do Us A Favor And Die Already

John Sneisen wishes the Federal Reserve a happy 103rd birthday. But should the Federal Reserve be put to a stress test?

Dec 23 13:35

Strongest Gold "Buy" Signal In 16 Years

Dec 23 13:21

Baltimore County drops $12K fine against church for helping homeless

Instead of immediately addressing the basic needs of Dundalk’s homeless population, the county initially decided to punish the few people willing to help fellow human beings.

Dec 23 13:18

Trump appoints China hawk for trade policy as China demands cooperation

President-elect Donald Trump has picked noted China hawk Peter Navarro to run a new White House trade policy office.

Dec 23 12:53

John Williams: The federal government’s fake news

Statistics issued by the federal government about the economy — from CPI to GDP — are fake, and our guest John Williams of explains how and why.

Dec 23 12:35


A SENIOR financial analyst has claimed that if Deutsche Bank is allowed to fail it will collapse the entire European banking system.

Dec 23 11:58

Pension Panic: The coming financial bubble nobody is talking about

For millions of public sector workers in the U.S., state-run pension funds are the only chance left for a comfortable retirement. In the hopes of providing a stable future for their families, an entire generation was duped into putting decades of their earnings into these supposedly ‘risk-free’ investments. Unfortunately, those who have entrusted the government to manage their life savings may end up destitute as a result.

Dec 23 11:39

‘Shocking’ Rise In Homeless Children Across Britain

According to the latest government figures, there has been a “shocking” rise in the number of homeless children living in temporary accommodation across Britain.

Dec 23 10:58

Government sneaks out £250 tuition fee rise for existing students

The Government has moved to raise tuition fees by £250 without any announcement from the Department for Education (DfE).

Regulations to allow the changes, which will see fees go up to £9,250, were published earlier this week to the National Archives legislation store.

The new legislation to the changes was not announced on the DfE website or in a statement to Parliament by ministers.

Dec 23 10:57

Workers on zero-hour contracts earn £1,000 a year less doing the same jobs as those on contracts

There are 900,000 people on zero-hour contracts and the number is rising

Dec 23 10:11

Trump & Trade: why both Beijing and Wall Street should pay attention.

As the Dow edges up towards a lunatic 20,000 index level, there seems to be an unwillingness to break through.

Dec 23 09:27

Deutsche Bank Settles With DOJ: Will Pay $3.1 Billion Civil Penalty

As a reminder, the Wall Street Journal noted that DB's attorneys had privately suggested that a $2 - $3 billion settlement with the DOJ was probably in the ballpark. Meanwhile, wall street analysts had estimated settlements in the $2-$5 billion range. Any fines paid pursuant to current negotiations would be in addition to the $1.9 billion already paid in 2013 to settle other U.S. claims related to mortgage-backed securities.

Webmaster's Commentary: 

Dec 23 08:08

American Apparel to Close 12 UK Stores

Dec 23 07:36

Mid-Size Companies Enthusiastic Since the Election

In a Bloomberg interview this morning Bank of America CEO Brian Moynihan said mid-sized companies in the US are more enthusiastic and have been seeking funds since the election.

Dec 22 18:43

World’s largest hedge fund to replace managers with artificial intelligence

The world’s largest hedge fund is building a piece of software to automate the day-to-day management of the firm, including hiring, firing and other strategic decision-making.

Dec 22 16:24

The Setup Is Complete, The Elite Have The Go Ahead To Bring The Economy Down

Baby boomers are now having their social security checks garnished to cover their student loan payments. The Obama recovery is so incredible, almost 40% of young adults are now living with their parents.

Dec 22 16:23

The Italian Banking Crisis

On December 4, 2016, Italian voters rejected a referendum to amend their constitution to give the government more power, and the Italian prime minister resigned. The resulting chaos has pushed Italy’s already-troubled banks into bankruptcy. First on the chopping block is the 500 year old Banca Monte dei Paschi di Siena SpA (BMP), the oldest surviving bank in the world and the third largest bank in Italy. The concern is that its loss could trigger the collapse of other banks and even of the eurozone itself.

Dec 22 14:41

Rickards: The ‘Axis of Gold’ is launching an attack on the U.S. dollar

Now is the time to keep your eyes on the monetary endgame. Not the daily mark-to-market in paper gold.

Dec 22 14:38

Rapacious consumerism and climate change

Graham Peebles highlights the destructiveness of neo-liberalism – the infinite desire for consumer goods and environmental degradation – and argues for a paradigm shift away from individualism and towards the community.

Dec 22 14:30

Why the Massive Expansion of "Money" Hasn't Trickled Down to "The Rest of Us"

If you create and distribute money only in the apex of the wealth/power pyramid, it can only benefit the few rather than the many.

Dec 22 13:51

Why Are CEOs Earning 335x More than Their Own Employees?

There’s an ongoing epidemic on Wall Street.

It’s bad.

And it’s been happening to regular investors like yourself for many years.

Dec 22 13:04

Italy proves that banks are not the risk-free fantasy we’re told to believe

Italy was truly the America of its day, and people from all over Europe flocked to the city-states in search of wealth and freedom.

Scientific, medical, and technological advancement flourished, as did commerce and banking.

The Medici Bank in Florence was by far the largest bank in Europe in the 1400s, and they helped popularize a double-entry system of accounting and the widespread use of credit, both of which still define modern banking.

Dec 22 11:09

Md. attorney general says nursing homes kicked out patients to boost Medicare payments

A nursing home operator in Maryland aggressively and illegally booted residents from its facilities to maximize payments it collected from public health plans and in many cases dropped the residents off at homeless shelters or inadequate living facilities, the state’s attorney general alleged in a sweeping lawsuit filed Wednesday in Montgomery County Circuit Court.

The lawsuit asserts that the firm, Neiswanger Management Services (NMS), was acutely aware of the reimbursement differences between federal Medicare and the lesser rates paid by Medicaid, which uses state and federal money to provide health coverage for low-income patients.

NMS’s motive, according to the attorney general: Leave bed space for new Medicare patients, who yield more than $500 a day in reimbursements, compared with roughly half that for Medicaid.

Webmaster's Commentary: 

I am certain that these kinds of practices, to earn more money for nursing home owners, go far beyond the state of Maryland.

I am also reasonably sure that Neiswanger Management Services had their legal folks go over the terms and conditions, regarding discharge of their clients, to the point where these practices just barely skated on the outskirts of "legal".

However, that being said, these practices are both immoral and inhumane.

Many of these patients may have been both physically and mentally disabled, and if they do not have at least one family member to strenuously advocate for them, can get dumped and shuttled into whatever hellholes at which they have been left, without ever being able to make a complaint to the outside world.

These older people who had this done to them were hidden; dumped; maltreated; and simply left to die.

At the end of the day, a society is judged by how it treats its most vulnerable; and among those most vulnerable are those who are no longer able to care for themselves, for whatever reason.

Our fragile elderly need to be treated with respect, kindness, and consistency of care, period, end of discussion; otherwise, we cannot, here in the US characterise ourselves as having a "civilised society".

Dec 22 11:00

BREAKING: Donald Trump Just Hired the One Man Who Can DESTROY Obama’s Legacy…

Donald Trump has made a lot of BIIIIG hires to his White House since getting elected, but not a one of them can begin to compare to the LEGEND he just brought on to take down Obama’s terrible legacy.

Today, Trump’s transition team announced that he has brought on none other than Carl Icahn, the Legendary investor himself, to be his “Special Advisor on Regulation.”

Dec 22 10:54

Don't Be The Dow 20,000 Retail Sucker!

It happened in 2000 and again in 2008, and I am sure there will be some suckers who get sucked into the Dow 20,000 Rally this time as well, but you only have yourself to blame.

Dec 22 10:44

Expect the "Backlash Against Bankers" to Intensify

The financial sector has been part of the so-called Trump Bump. A well-known hedge fund manager sees a golden age for banks. Our view is radically different.

Dec 22 10:16

What the Heck’s Happening to Our Share Buyback Boom?

Going down the drain, putting this wondrous stock market at

Dec 22 10:10

Why Social Security Is Doomed: “Birthrate At Lowest Level on Record”… And the Future Is Unfunded

Here’s more evidence that the “recovery” never really happened, and the entire social net structure is doomed to fall apart.

The birthrate, long tied to economic growth, has been dropping to its lowest point in recorded history.

This demographic shift is bad news for the economy – in terms of housing, consumer markets, and especially for the long-term funding of social security, medicaid, medicare and other obligations...

Read more at SHTF

Dec 22 09:46

Nearly 95% of all new jobs during Obama era were part-time, or contract

A new study by economists from Harvard and Princeton indicates that 94% of the 10 million new jobs created during the Obama era were temporary positions.
The study shows that the jobs were temporary, contract positions, or part-time "gig" jobs in a variety of fields.
Female workers suffered most heavily in this economy, as work in traditionally feminine fields, like education and medicine, declined during the era.
The research by economists Lawrence Katz of Harvard University and Alan Krueger at Princeton University shows that the proportion of workers throughout the U.S., during the Obama era, who were working in these kinds of temporary jobs, increased from 10.7% of the population to 15.8%.
Krueger, a former chairman of the White House Council of Economic Advisers, was surprised by the finding.
The disappearance of conventional full-time work, 9 a.m. to 5 p.m. work, has hit every demographic. “Workers seeking full-time, steady work have lost,” said Krueger.

Webmaster's Commentary: 

So much for Obama having left Trump his "legacy" of a "great economy"!!

Dec 22 09:32

Even Single-Family Rentals Sink in Once Hottest Markets

First cracks appear in Seattle’s crazy Rent Boom.

Dec 22 08:59

Simple Loose Bracket Caused Troubled F-35 to Go Up in Flames

It is an increasingly unpopular fighter plane that can go up in flames due to a loose bracket, and with the $1.45 trillion the US is expected to pour into the F-35 program over the course of its life, America could forgive every penny of its crippling student loan debt.

Dec 22 08:33

Earning a Living Wage Will Not be Achieved by Raising the Minimum Wage

The Founding Fathers truly understood how dangerous a centralized authority could become. They managed to fight off a privatized central bank during the beginning of America's founding, and Andrew Jackson managed to fight them off again before his death in 1837.

Dec 22 07:39

Nightmare Before Christmas for Spanish Banks

The European Court of Justice refused to listen.

Dec 22 06:40

The Automobile Industry Poses a Serious Threat to the Economy

Since the Great Recession of 2008, the auto industry has been one of the keys in propelling our current economic expansion. In the current year, there have been 18.1 million vehicles sold, and that is well above 15 million vehicles, which is what Goldman Sachs calls the Normalized Demand.

Dec 22 04:40

Podcast: The Blow-Off Top

US equities have entered the final, blow-out stage of their bull market.

Dec 22 04:39

Generation Snowflake: Percentage Of Young Adults Living With Their Parents Hasn’t Been This High Since 1940

Have we failed this generation of young adults by not equipping them to be able to handle the harsh realities of the real world?

Dec 22 03:51

College Student Earns 4.0 GPA, Then Drops Out: “You Are Being Scammed!”

What can be done to alleviate this situation? Why do banks get bailed out (2008 Lehman crisis) for cheating the world, while students must continue to pay a debt? Why is a private institution (The Federal Reserve) in charge of this nation’s money and finances? How will students continue to be able to go to college when the price continues to skyrocket as the federal minimum wage stays stuck at $7.25 an hour? At some point soon, the masses won’t take it anymore from the banking cartel. The education system is in for some major changes very soon.

Dec 22 03:21

Obamacare Increased Overhead Spending for Health Insurance

ive years after the introduction of Obamacare, one expense is a source of major shock in the healthcare industry – overhead costs.

Dec 21 16:52

Trump Creates National Trade Council To Deal With Trade Pacts & US Jobs

President-elect Donald Trump announced the establishment of the White House National Trade Council, headed by Peter Navarro.

Navarro, a Harvard-trained economist, is best known for authoring books such as ‘Death by China’ and ‘Crouching Tiger: What China’s Militarism Means for the World.’

Dec 21 16:50

Jeff Christian: ‘Gold will struggle in first half of 2017’

CPM Group manager Jeff Christian appeared on Kitco News to talk about his projected economic outlook for 2017.

Dec 21 16:46

IPOs had Worst Year since 2003. And the Dow at 20,000?

There’s only one thing that has pumped up this market.

Dec 21 16:37

Uber lost $800 million in the 3rd quarter

Uber has notched yet another quarter of staggering losses.

That's according to a new story out from The Information's Amir Efrati, who reports that the ride-hailing company lost more than $800 million in the third quarter of this year. Those losses, which follow a reported $1.27 billion in the first half of the year, put Uber on track to lose $2.8 billion in 2016, according to The Information's calculation.

Dec 21 14:58

Sjuggerud: This trusted indicator is flashing a big warning sign

in the short term, one of our top indicators is giving us a big warning sign…