Jan 09 11:25


Webmaster addition: Not to rain (or snow) on Trump's Inauguration, but a million jobs is a drop in the bucket when you recall that there are 95 million Americans unable to find a job!

Jan 09 10:39

The Risk of Contagion of a full-blown Mexican crisis is far greater today than it was during the Tequila Crisis 22 years ago.

Things are rapidly going from bad to worse in Mexico.

Jan 09 10:17

Evictions by Wall-Street Mega-Landlords Soar, Financialization of Rents Cause “Housing Instability”: Atlanta Fed

It blames the Fed & Bernanke; the dark side of “healing” the housing market.

Jan 09 09:46

Obama Gets Trumped - Watch Trump Make Obama Look Clueless

How will President-elect Donald Trump negotiate with companies to save American jobs?

President-elect Donald Trump's Magic Wand explained.

Jan 09 07:47

First Finland Now India Trying Universal Basic Income

1. create a problem by banning cash 2. propose a solution of universal income so everyone now depends on government 3. tell everyone government saved the day this is basically another form of welfare. I'm going to buy more silver

Jan 09 07:44


Jan 09 07:09

Union Servitude Ends In Kentucky: State Kills Prevailing Wages, Passes Right-To-Work

Organized labor suffered its first major legislative setback due to the 2016 elections on Saturday, when Kentucky Republicans gave final approval to right-to-work legislation and repealed the state’s prevailing wage law. Both bills are expected to be signed into law by the governor, and will take effect immediately.

Jan 09 05:27

It’s A Retail Apocalypse: Sears, Macy’s And The Limited Are All Closing Stores

It has only been two weeks since Christmas, and already we are witnessing a stunning bloodbath of store closings. Macy’s shocked the retail industry by announcing that they will be closing about 100 stores.

Jan 08 17:24


Problems in China are looming on top of an already very tenuous and misunderstood situation in the US Financial Markets. Additionally, Federal Reserve Policy has made the situation even more combustible!

Jan 08 16:45

Pound Fell Against 56 World Currencies In 2016: Analysis

The pound sterling lost a fifth of its value against nine major currencies last year, Lloyds Private Banking says in an analysis.

According to research the agency did into 60 currencies, the biggest declines in sterling were against the Brazilian real with a 28.4 percent drop, the Russian rouble with a 28 percent fall, and the Icelandic krona with a 27.9 percent decrease.

Jan 08 16:04

iPhone 7: Sales decline sees Apple CEO Tim Cook pay cut

Apple has cut the pay of many of its top executives, including CEO Tim Cook, after the iPhone maker missed revenue estimates in its last financial quarter.

Cook has reportedly had his wages cut by around 15 per cent after Apple under-performed in the last few months.

However it's not all bad news for Cook, who still enjoyed a rather sizeable pay packet for the previous 12 months.

According to a regulatory filing made by Apple on Friday, he received a compensation package totalling $8.7 million for the period covering Apple's fiscal year ending September 24th.

But this amount was still a major fall from the previous year, where Cook got nearly $10.3 million.

Jan 08 15:32

Debt Surge Producing Fake Recovery

Jan 08 13:53

Soon-To-Be Catholic Saint Advocated Ditching Child Labor Laws

In his classic sermon on 'False Compassion,' Venerable Archbishop Fulton Sheen targets child labor laws, and derides society's apparent obsession with getting a college education: "We ought to perhaps reform our child labor laws. Young people are not allowed to work on account of the law!? They're old enough to work, they're old enough to commit crimes! They do not want to go to school. We assume in the United States that everybody must go to school... So that college today, instead of being an intellectual privilege it's becoming a sort of social neccesity. 'You have to go.' Some of them are not made for books! Let them learn crafts..."

Jan 08 12:59

Capitalism Is The Problem

Over the last century, capitalism has repeatedly revealed its worst tendencies: instability and inequality. Instances of instability include the Great Depression (1929-1941) and the Great Recession since 2008, plus eleven “downturns” in the US between those two global collapses. Each time, millions lost jobs, misery soared, poverty worsened and massive resources were wasted. Leaders promised that their “reforms” would prevent such instability from recurring. Those promises were not kept. Reforms did not work or did not endure. The system was, and remains, the problem.

Jan 08 11:55

The Manipulation Continues As The The Entire Economy Falls Apart

UK retail sales decline in December this biggest shopping month of the year. Restaurants, stores all showing declining sales and more and more retail businesses are closing.

Jan 08 11:20

Bill Holter: Global Economic System is Going to Resemble Caveman Times Soon (Video)

For years, the world’s most renowned economists have tried to warn people about the economic tsunami that is currently cresting, and which many refer to as the coming “Global Reset,” but despite all the detailed warnings, very few people have chosen to listen, and begin to prepare for that eventuality.

Men like Bill Holter, Jim Rogers, Jim Rickets, Dr. Jim Willie, Peter Schiff, Harvy Dent, and so many other masters in the field of economics have been sounding the alarm bell for as long as they’ve been able to, but when the crash comes, and entire generations of wealth get wiped out seemingly overnight, you can count on the masses asking one another, “Why didn’t anyone tell us this was coming?” It’s truly scary.

Jan 08 10:23

Debt or DJIA: Who Gets to 20* First?

I got to wondering about all of the NYSE traders on CNBC sporting their “Dow 20,000” hats. Hitting that level seems elusive, but they keep them at the ready.

Jan 08 09:22

Bill Holter - In 2017 Trump will be Presiding Over a Bankruptcy, It’s Going to Look Like Caveman Days

What will the end of 2017 look like? Financial writer Bill Holter says, “I don’t think it will even resemble what today looks like. I think you may see the financial system come down, and it may be by the end of the year that the system is coming back up or coming back on line.

Jan 08 07:36

2017 prediction: It’s time to get ahead of this ‘trillion-dollar tsunami’

2016 was a wild year, to say the least.

There was Brexit…Trump’s upset victory…and U.S. stocks soaring to record highs after treading water for nearly 15 months.

Jan 08 07:35

Russian Ideas About the Best Way to Run a Business Go Back Further Than You Think

It is worth noting that the governance of early U.S. corporations, of which over 20,000 existed by the Civil War of 1861-1865, was arguably better than corporations in the late 19th and early 20th centuries as they governed themselves like "republics" with "checks and balances" against fraud and against usurpation of power by managers or by large shareholders. The term "robber baron" became particularly associated with US corporate figures in the late 19th century and early 20th. Just after the Wall Street Crash of 1929, legal scholars focused on the changing role of the modern corporation in society. US economic expansion via emerging multinational corporations after World War II (1939-1945) saw the establishment of the managerial class and the consequent issues of having dominant control over business affairs without sufficient accountability or monitoring by their board of directors. In the first half of the 1990s, the issue of corporate governance in the U.S.

Jan 08 07:13

Bill Bonner: Trump can’t beat THIS trade deal

People can believe whatever they want.

But sooner or later, real life intervenes. We just like to see the looks on their faces when it does.

By that measure, 2017 may be our best year ever. Rarely have so many people believed so many impossible things.

Jan 08 06:58

Rickards: The Fed’s playbook for 2017

Fed forecasting is surprisingly easy despite the sturm und drang of the talking heads. It’s a matter of considering what we know, and what we don’t know, and observing the indications and warnings that presage the unknown.

Jan 08 05:28

ECONOMIES: blame anything and anyone, but whatever you do, don’t blame reality

Politicians change the definition of bankruptcy, central bankers change the nature of economic growth, bourses hide the reality of economic dysfunction, and neocon media turn a trick to make you believe it. Meet new 2017 – same as the old 2016.

Jan 07 19:17

Economist Admits BoE’s Brexit Financial Collapse Warnings Were ‘A Misjudgement’

Economists failed to predict the 2008 financial crash and completely misjudged Brexit’s impact, the executive director of monetary analysis at the Bank of England (BoE) has admitted.

Jan 07 17:12

Why The U.S. Dollar And Bitcoin Keep Rising

I have covered the many reasons why the U.S. dollar (USD) has strengthened in dozens of posts over the past 5 years, (Could the U.S. Dollar Rise 50%?, January 12, 2011), and I described the positive dynamics of bitcoin last summer in An Everyman's Guide to Understanding Cryptocurrencies (June 13, 2016), back when bitcoin was under $600.

Jan 07 13:34

U.S. Housing Market Shows Eerie Similarities To Pre-"Mortgage Meltdown" Bubble Days

The convergence of the internet, faster computers and a rip-roaring bull market gave rise to the 1990s stock market day-trading phenomenon.

It was all about the hope of getting rich quick.

Jan 07 13:00


Jan 07 12:11

NJ Tops List of 10 States Americans Couldn’t Wait To Ditch In 2016

Here are the 10 states that people ditched the most in 2016. As a hint, people seem to prefer less taxes, regulation, cost-of-living, indebtedness and failing pension systems…

Jan 07 11:32

Layoffs, Store Closures, Recovering Economy? No, Collapsing Economy

Credit card debt is rising in the UK, more families are borrowing at a faster rate. Initial jobless claims hit a 43 year low.

Jan 07 11:20

Evictions by Wall-Street Mega-Landlords Soar, Financialization of Rents Cause “Housing Instability”: Atlanta Fed

The housing collapse during the Financial Crisis keeps on giving. On Friday, Invitation Homes, a creature of private-equity firm Blackstone, and largest landlord of single-family rental homes in the US, filed with the SEC to raise up to $1.5 billion in an IPO. Deutsche Bank, JP Morgan, BofA Merrill Lynch, Goldman Sachs, Wells Fargo, Credit Suisse, Morgan Stanley, and RBC Capital Markets are the joint bookrunners and get to cash in on the fees.

Jan 07 11:14

Evictions by Wall-Street Mega-Landlords Soar, Financialization of Rents Cause “Housing Instability”: Atlanta Fed

The housing collapse during the Financial Crisis keeps on giving. On Friday, Invitation Homes, a creature of private-equity firm Blackstone, and largest landlord of single-family rental homes in the US, filed with the SEC to raise up to $1.5 billion in an IPO. Deutsche Bank, JP Morgan, BofA Merrill Lynch, Goldman Sachs, Wells Fargo, Credit Suisse, Morgan Stanley, and RBC Capital Markets are the joint bookrunners and get to cash in on the fees.

Jan 07 10:36

Um, General Chinese Motors?

GM’s huge post-bailout investments in China bear fruit.

China is still rocking, GM announced today, unlike the US where GM’s vehicles sales fell 1.3% in 2016, with cars down 4.3% and trucks, including SUVs, flat. It joined Ford, Fiat-Chrysler, Toyota, BMW, and other automakers in the US that had booked their first annual vehicle sales declines since 2009.

Jan 07 09:11

Bitcoin Bombs By 31% In A Matter Of Hours

Bitcoin, the best-performing currency of 2016, has reported its biggest drop in two years just days after reaching a three-year-high of $1,000.

Oil market volatility and uneasy market sentiment surrounding US and EU uncertainties saw many turn to Bitcoin as the new ‘haven’ currency in 2016.

The looming threat of capital controls in China has put a serious dampener on the surge Bitcoin enjoyed late in 2016, reintroducing some of the volatility for which the cryptocurrency has become renowned.

Jan 07 08:45

New Gold & Silver Highs in 2017 | Bill Murphy

Jan 07 07:44

Signed as Law: Ohio Takes on Asset Forfeiture

By Mike Maharrey

On Wednesday, Ohio Gov. John Kasich signed a bill that reforms asset forfeiture laws to prohibit the state from taking property without criminal charges in many cases. The new law also takes on federal forfeiture programs by banning prosecutors from circumventing state laws by passing cases off to the feds in most situations...

Jan 07 07:02

Bond market crash – an accident or a new trend?

Media's focus is now on the losing spree of gold which coincided with Donald Trump's victory. Meanwhile no attention is paid to an elephant in the room – bond market crash. An elephant because the value of the global bond market is higher than the capitalisation of all equity markets. If we talk about the value, here we can find plenty of it.

Jan 06 17:48

Top analyst: It’s time to bet against these stocks…

2016 was a surprising year…

It was the eighth year of this bull market. But that didn’t slow things down.

Jan 06 16:49

The Closings Continue: Retail Shutdown As Sales Go Online “200 Stores, 10,000+ Layoffs”

Holiday sales for many traditional stores were pretty abysmal this year … Amazon far and away captured the majority of online sales.

Stores like Macy’s, on the other hand, actually saw a sales decrease during one of the most crucial shopping times of the year.

Jan 06 16:06

Signs of trouble in China are to be seen in the Yuan ( Renminbi ) rally

As 2017 opens we find ourselves regularly looking east and today it is the turn of China to attract our attention. There is much going on both above and below the surface but let us begin with the good news part.

Jan 06 13:55

Record 95,102,000 Americans Not in Labor Force; Number Grew 18% Since Obama Took Office in 2009

Barack Obama's presidency began with a record number of Americans not in the labor force, and it's ending the same way.

The final jobs report of the Obama presidency, released Friday, shows that the number of Americans not in the labor force has increased by 14,573,000 (18.09 percent) since January 2009, when Obama took office, continuing a long-term trend that began well before Obama was sworn in.

In December, according to the Labor Department’s Bureau of Labor Statistics, a record 95,102,000 Americans were not in the labor force, 47,000 more than in November; and the labor force participation rate was 62.7 percent, a tenth of a point higher than in November.

The participation rate dropped to a 38-year low of 62.4 percent on Obama's watch, in September 2015. It was only 3-tenths of a point higher than that last month.

Webmaster's Commentary: 

More of Obama's precious "legacy", I see.

Jan 06 13:33

Strikes Spread in Mexico, Thousands of Police Deployed to Capital

Police made up to 600 arrests throughout Mexico yesterday as protests continued against President Enrique Pena Nieto’s cut to gas subsidies, known colloquially as the gasolinazo. One police officer was killed during confrontations in an impoverished neighborhood of Mexico City, and the mayor deployed 9,000 police to guard commercial centers throughout the city.

Yesterday also saw indications that localized protests by workers may be developing into a broader strike movement. Fourteen thousand bus, truck and taxi drivers in the oil-producing state of Veracruz announced a statewide strike of indefinite length, with many leaving their trucks, cabs, and buses parked on the street.

The trade unions are stepping in to prevent the demonstrations from coalescing into a nationwide strike. Trade union bureaucrats who announced the recent strikes stated explicitly that they were forced to do so by workers, who in the words of one trade union official, are becoming “violent.”

Webmaster's Commentary: 

If, in fact, the Mexican military is called in to put down these riots, the only real question will be: to whom will they owe their allegiance?!?

To the protestors, or to the government?!?

Jan 06 13:25

Bitcoin Hits ALL-TIME Record High as China Capital Controls Cause PANIC!

Bitcoin Hits All-Time High as Currency Controls Drive Fear - Bloomberg

Jan 06 12:51

Record 95,102,000 Americans Not in Labor Force; Up 18% Since Obama Took Office…

Barack Obama's presidency began with a record number of Americans not in the labor force, and it's ending the same way.

Jan 06 12:50

Zimbabwe Begins Issuing New Currency

Jan 06 11:47

Rickards: Are you prepared for the War on Gold?

In September Janet Yellen gave a speech in Jackson Hole, Wyoming titled “Designing Resilient Monetary Policy Frameworks for the Future.” That title at least suggested that some new thinking and new policies might be on display. They weren’t.

Jan 06 11:38

Retailpocalypse 2017: Hundreds of Stores Will Be Closing

After Christmas, all is not calm and bright in the retail world.

For those who are still under the illusion that our economy is great and prosperity is nigh, you might want to consider the massive loss of jobs that will be forthcoming as stores across the country go into damage control mode to try to stop the hemorrhaging from lackluster holiday sales.

Thousands of non-seasonal jobs are being cut as retail stores across the country close down or slash expenditures. If December is the most wonderful time of the year, then January is the most dismal.

Jan 06 10:53

Ron Paul – United States Facing a Total Financial Collapse in This Generation – Final Prediction, Warning to Americans

Is the United States facing a total financial collapse in this generation? Is the mighty American dollar about to be crushed by cold economic reality?

The truth may just be a lot more frightening than you ever imagined.

Jan 06 09:39

US “car recession” spreads among largest automakers.

The media hoopla has been deafening. In December, “new vehicles sales” – defined as the number of new cars, trucks, and SUVs that dealers sold to their customers, including fleets – rose 3.1%. That was stronger than “expected.” And in the media reports, there was euphoria between the lines.

Jan 06 09:09

After AirBnB Ban, New Yorkers Show The Country How to Stand Up to Government

Tacitus, a senator and historian of the Roman Empire, once wrote that when “laws were most numerous, … the commonwealth was most corrupt.”

Much like the people of the Roman Empire, United States residents now suffer due to the country’s overly-regulated system. Too many rules, Tacitus would have repeated, indicate corruption. But America’s love for crony capitalism is deep-rooted and allows special interests the means to leave nothing to chance. The result? Government and its representatives now have more power than ever, and the young individual is poorer today than those of past generations.

As local and state governments chase the same unattainable goal, passing more laws to keep the individual beholden to powerful interests, people working in the shadows seem to thrive — at least, that’s what recent reports on AirBnB hosts in New York suggest.

Jan 06 08:49

Gold Gains In All Currencies In 2016 – 9% In USD, 13% In EUR and Surges 31.5% In GBP

Gold prices closed 2016 at USD 1,159.10, EUR 1,098.36 and GBP 942.58 per ounce.
Gold prices closed 2015 at USD 1,062.25, EUR 974.32 and GBP 716.36 per ounce.
(Gold AM fixes on December 30th 2016 and December 31st 2015 respectively)

UK investors and savers who had an allocation to gold protected their wealth from the Brexit debacle and the sharp falls in sterling seen in its aftermath. Gold rose over £220 per ounce and acted as a classic safe haven for investors exposed to the pound, and markets and assets denominated in British pounds.

Jan 06 08:46

Treasury Nominee Steve Mnuchin’s Bank Accused of “Widespread Misconduct” in Leaked Memo

ONEWEST BANK, WHICH Donald Trump’s nominee for treasury secretary, Steven Mnuchin, ran from 2009 to 2015, repeatedly broke California’s foreclosure laws during that period, according to a previously undisclosed 2013 memo from top prosecutors in the state attorney general’s office.

The memo obtained by The Intercept alleges that OneWest rushed delinquent homeowners out of their homes by violating notice and waiting period statutes, illegally backdated key documents, and effectively gamed foreclosure auctions.

Webmaster's Commentary: 

IF, in fact, these allegations prove true, and Steven Mnuchin actually signed off on these practices, they are very troubling, indeed.

Jan 06 08:21

We Can Only Afford One, So Choose Wisely: Social Security/Medicare, Cartel Cronyism or Inflation (a.k.a. Central Banking)

Here's the problem with central banks seeking higher inflation: costs go up but wages don't.

Jan 05 18:32

Macy’s Crashes After Attacking Trump

Macy’s Crashes After Attacking Trump

Jan 05 17:05

The Entire Retail Sector is a Short

The Retail Stocks are going to get obliterated come Earning`s Period in a couple of weeks, especially the Brick & Mortar Retail Stocks.

Jan 05 16:56

Britain’s Top Bosses Have Already Made More Money In 2.5 Days Than You Will All Year

British bosses have already made more money in the first two and a half work days of 2017 than most people will make over the entire year, in what researchers have dubbed “Fat Cat Wednesday.”

According to the High Pay Centre, the salary gap across the UK is now such that directors earning £1,000 ($1,228) per hour will by around noon Wednesday have passed the annual salary of the average British worker – just over £28,000.

Jan 05 15:54

Nomi Prins with Lars Schall on the Next Financial Crisis

Two of my favorite people, financial expert and author Nomi Prins and investigative journalist Lars Schall, discuss the ongoing financial crises, how the Banks play a key role in creating them through monetary existentialism, and why the next crisis will be the worst yet.

Jan 05 15:48


Jan 05 13:30

Americans Prefer Cats To Kids After The Great Recession

More and more Americans seem to prefer pets to children… and the resulting demographic trend has massive economic and investment implications.

Jan 05 13:14

Scott Adams: How About an American Expense-lowering Investment Fund?

I’ve been saying in this blog for some time that we can’t tax and budget our way to a better future. We need to work on dramatically lowering the average cost of a high-quality lifestyle. Technology can make that happen if the right startups are nurtured.

Jan 05 12:48

Regulators Reach $5 Million Settlement With Corzine in MF Global Case

On Thursday, federal regulators announced a $5 million settlement with Jon S. Corzine, who ran MF Global when it collapsed into bankruptcy in 2011 and lost more than $1 billion in customer money. The settlement, reached unanimously at the Commodity Futures Trading Commission in the waning days of the Obama administration and approved by a federal judge this week, caps a long-running spectacle that derailed Mr. Corzine's career and spurred a number of congressional, criminal and regulatory investigations.

The regulatory case arose in 2013, when the Commodity Futures Trading Commission sued Mr. Corzine, a Democratic former senator and New Jersey governor, for failing to "diligently supervise" the firm as it jeopardized the clients' accounts.

Webmaster's Commentary: 

And nobody goes to jail!

Jan 05 12:45

Kmart to close 10 Mich. stores, including original one in Garden City

The nation's first-ever Kmart in Garden City just outside Detroit will be among the 10 Michigan Kmart locations that will shut their doors this spring.

Jan 05 12:31

The Class Struggle In The US In 2017

The year 2017 promises to be one of increasing class struggle in the United States and around the world. In every country, the ruling elites and their political servants want to make the working class pay for the global economic crisis and the costs of war.

Jan 05 12:09

U.S. Quietly Drops “Financial Bombshell”: Wall Street Banks Have $2 Trillion European Exposure

At a time when international business headlines are filled with reports of a massive banking bailout in Italy and the potential for systemic risks from Germany’s struggling giant, Deutsche Bank, the OFR report delivers this chilling statement:

“U.S. global systemically important banks (G-SIBs) have more than $2 trillion in total exposures to Europe. Roughly half of those exposures are off-balance-sheet…U.S. G-SIBs have sold more than $800 billion notional in credit derivatives referencing entities domiciled in the EU.”

Webmaster's Commentary: 

Should such a scenario unfold, the excrement will hit the ventilation system with incredible rapidity.

As as we have counseled for a long time, don't panic: plan.

Before and until cash is banished outright (and we can see just how "swimmingly" that is working out for the people of Greece and India), have absolutely no more cash in your bank than you need to pay your bills. Invest in some silver and gold assets, under your own control.

Remember, should such a situation hit, the US government, no matter what Trump's most heroic efforts may be to temper this, cannot possibly position the US economy for a "soft landing" here.

Have storable food, potable water, and extra medications for your family, and your pets.

Have a bug-out plan the whole family understands, and if you have kids in school, find out what their policies are for handing back kids to their parents, when the parents need to have them under parental, rather than the school's control.

Be able to defend yourself and those you love from looters.

Find out what skills, or objects, you can barter with neighbors you trust; create community.

Jan 05 10:58

How Bad Will the “Bond Massacre” Get?

Worse “than the 1994 ‘Bond Massacre,'” with “sustained double-digit losses on bonds, subpar growth in developed markets, and balance sheet risks for banking systems….”

Jan 05 10:55

Buried government report reveals looming fiscal crisis

A shocking new report quietly released by the federal government admits that their finances could collapse in the coming decades if politicians don’t make responsible choices

Jan 05 10:51


Greece is banning the use of cash the soft way. As of 1.1. 2017, taxpayers will be granted tax-allowance and tax deduction only when they have made payments via credit or debit cards. The new guidelines refer to employees, pensioners, farmers but also unemployed.

Accepted expenditure will be:

purchases for food and supermarket products, electronic and electric devices, household equipment, footwear, clothing, fuel, furniture, cigarettes*, drinks

Restaurants, cafeterias,bars and hotels

Services like by hairdressers and beauty parlors, gyms and dance schools, car repair, plumbers, electricians, painters, carpenters, lawyers and accountants.

For doctors and pharmacy the same practice will be valid as in last year. The tax office will accept the expenditure only if payments are made per credit card or bank transfer.

Jan 05 10:49

Keep Your Cash: Civil Asset Forfeiture Curtailed Under New California Law

Heading out to make a cash purchase? Heading to the bank to make deposit a from your food truck earnings? Heading home with your poker winnings?

The good news is that as of today, California law enforcement can no longer grab and keep your cash (if under $40,000); neither can they permanently take your property of any value, including cars, wedding rings and homes — unless they secure a conviction. If you didn’t know about this unjust law, one that essentially gave law enforcement free reign to take your stuff with almost no recourse, consider yourself lucky.

Jan 05 09:50

A well-kept open secret: Washington is behind India’s brutal experiment of abolishing most cash

In early November, without warning, the Indian government declared the two largest denomination bills invalid, abolishing over 80 percent of circulating cash by value. Amidst all the commotion and outrage this caused, nobody seems to have taken note of the decisive role that Washington played in this. That is surprising, as Washington's role has been disguised only very superficially.

Jan 05 09:08


Jan 05 08:54

Relax, Gold Only Has Another $80 Downside: Gerald Celente

“In a cashless society, gold is going to be worth even more.”

Jan 05 08:41

Nationwide to eliminate 138 jobs in Cleveland area

Nationwide plans to eliminate 138 jobs in the Cleveland area during the course of 2017 as part of its plan to exit a line of business, but the insurer anticipates that many of the affected workers will find new jobs.

Webmaster's Commentary: 

Suuuuuuuuuuure they will!

Jan 05 07:43

Trump Curse: Anti-Trump Macy's Closing Stores, Cutting 10k Jobs, Stock Collapsing

Ever since Macy's severed ties with Donald Trump and attacked him as a racist, their company has been imploding.

Jan 05 07:08

Disney could receive $50 million in insurance because of Carrie Fisher's death

The company behind "Star Wars: The Force Awakens" and all new movies in the franchise put in place an insurance policy on Fisher before she signed a three-picture deal to reprise her role as Princess Leia from the original trilogy in the event that she could not fulfill her contract, according to The Insurance Insider.

Because Fisher died on December 27 — after suffering a heart attack on a flight four days earlier — Disney could receive $50 million, according to The Insurance Insider.

Jan 05 04:12

US National Debt - $19.97 Trillion

Jan 05 03:28

2017: a Volatile Year from All Angles

Where to now… after what 2016 dished out?

Jan 04 18:06

Saudi Arabia Jails and Flogs Workers for Unpaid Wage Protest

Saudi Arabian media is reporting that 49 foreign construction workers protesting unpaid wages have been sentenced to prison and corporal punishment in the form of lashes.

© FLICKR/ UN GENEVA UN Human Rights Chief Urges Saudi King to Stop Flogging of Atheist Blogger Some of the unnamed workers were reportedly sentenced in a Mecca court to four months imprisonment and 300 lashes each, on charges of destroying public property and inciting unrest. Others received prison sentences of 45 days. The nationalities of the workers have not been made public by Riyadh. The workers had primarily been employed by Saudi Oger, a construction company, and the Binladin Group, which was founded by the father of the deceased al-Qaeda leader. After the kingdom’s oil revenues collapsed, the contracted workers went unpaid.

Webmaster's Commentary: 

Given its royal dictatorship, abhorrent human rights record, and lousy economy, workers from foreign countries REALLY need to think twice about doing ANY work in Saudi Arabia, period, end of discussion.

Jan 04 17:14

The Stock Market Has Lost It's Mind.

Jan 04 16:59

Bloodbath on the High St as £937m is wiped off Next after 'disastrous' sales figures for Christmas

More than £948million was wiped off the value of Next yesterday as it unveiled a 'disastrous' set of sales figures for Christmas.

Next said festive sales of full-price goods were down 0.4 per cent on last year as the battle ramped up between online and the High Street.

The Boxing Day sale also failed to entice shoppers, with sales of cut-price goods plunging 7 per cent on last year, costing the company £3million.

It warned the tough times were likely to continue into the year ahead after it revealed full-year profits would fall far below market forecasts.

Jan 04 16:49

Venezuela On The Brink

The crisis engulfing Venezuela appears to have reached the point of no return. Inflation is heading for 1000% while shortages of food and other essentials are now widespread. It has prompted many to speculate that it is just a matter of time before President Maduro is forced from office and Chavism is consigned to the dustbin of history.

Jan 04 16:47

Prosperity = Abundant Work + Low Cost Of Living

An economy that only serves the prosperity of the protected top 5% is an economy doomed to rising inequality, stagnation and widespread social discontent...

Jan 04 16:28

BREAKING ALERT: The War On Gold Has Begun

Jan 04 16:13


Jan 04 15:44

US national debt soars by $100 billion. . . in just 8 hours

According to the latest statement issued yesterday afternoon by the Department of Treasury, the US national debt has reached $19,976,826,951,047.80.

Jan 04 15:36

Top analyst: Why now is the time to buy gold

Jan 04 15:06

Central Bankers Are In The Process Of Banning Cash One Country At A Time

Trump lashes out at GM and Ford and says will impose border tax if jobs are moved out of the country. Manufacturing survey is detached from the hard data, industrial production declining.

Jan 04 12:45


Is there a way to prevent collapse? Berwick is concerned we are past the point of no return. Regardless of who runs the U.S., an economic crisis is coming, he says. Stay tuned to hear Berwick's perspective on how gold, silver, and bitcoin may perform in the coming crisis.

Jan 04 12:32

When robots take routine middle-class jobs, those workers drop out of the workforce

In Disappearing Routine Jobs: Who, How, and Why? economists from USC, UBC and Manchester University document how the automation of "routine" jobs (welders, bank tellers, etc) that pay middle class wages has pushed those workers out of the job market entirely, or pushed them into low-paying, insecure employment.

Jan 04 12:31

IBM Watson Replaces Insurance Claim Workers at Japanese Insurance Company

Most of the attention around automation focuses on how factory robots and self-driving cars may fundamentally change our workforce, potentially eliminating millions of jobs. But AI that can handle knowledge-based, white-collar work are also becoming increasingly competent. One Japanese insurance company, Fukoku Mutual Life Insurance, is reportedly replacing 34 human insurance claim workers with “IBM Watson Explorer,” starting by January 2017.

Jan 04 11:50

Cash Ban Continues, Greece Intitiates Soft Cash Ban

The cash ban didn't stop with India, Greece is now the next test case for the central bankers. The central bankers are now pushing their agenda to ban cash.

Jan 04 11:48

'Audit the Fed' bill gets new push under Trump

Controversial legislation to subject the Federal Reserve’s monetary policy powers to outside scrutiny is getting new life in Washington.

Rep. Thomas Massie (R-Ky.) and Sen. Rand Paul (R-Ky.) have re-introduced legislation to “Audit the Fed,” after a similar effort stalled in the last Congress.

But such a proposal, which has been vocally opposed by Federal Reserve Chairwoman Janet Yellen, may face its best odds ever of becoming law. Both chambers are controlled by Republicans long critical of the Fed’s policies, and President-elect Donald Trump has heaped scorn on the central bank since the beginning of his presidential campaign.

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Jan 04 11:39

Marine Le Pen Wants France Out Of The Euro, Will Redenominate French Debt In New Currency

French presidential candidate and National Front leader, Marine Le Pen, said she wants to take France out of the euro, reiterating comments made the day before, and - taking a page out of the Yanis Varoufakis Grexit negotiating strategy playbook - added she wants to redenominate French government debt in a new national currency.

“More and more European citizens realize their economies have been suffocated by the euro,” she told reporters on the sidelines of a press conference in Paris quoted by Bloomberg.

Jan 04 11:35

Laurence Fink: The Trillion-Dollar Deadhead



Among the current crop of Wall Street financiers, Laurence “Larry” Fink has received the greatest number of awards and plaudits. He is the CEO and Chairman of BlackRock (BR), the world’s largest multinational investment management corporation. By 2016, BR had over $5 trillion dollars under management with over 12,000 employees in 70 offices in 30 countries serving clients in 100 countries.

Jan 04 11:31

The “Upcoming, Cataclysmic, Financial Big Bang To End All Big Bangs”-Upgraded From Inevitable To Imminent?

Before the U.S. has even opened for 2017 business, global markets have taken a dramatic step towards implosion – as the “year of monetary revolution” commences.

Jan 04 10:11

FEMA “Preparing for Dollar Collapse”: Martial Law and Complete Social Disintegration In 2017

Police and military units have trained under Homeland Security and FEMA supervision to quell riots and suppress civil unrest… effectively, our delicate future is inevitably headed towards martial law.

...And it may compound with economic collapse.

Read more at SHTF

Jan 04 09:35

Silver company CEOs prepare for war on big banks! Class action lawsuit for price rigging planned

Though Wall Street regulators and the mega-banks they purport to regulate have long said that there exists no manipulation in markets and that anyone making claims to the contrary is nothing short of a conspiracy theorist, recent revelations suggest that even the most well-known financial institutions on the planet have been actively involved in rigging asset prices.

Jan 04 09:35

Lior Gantz - Derivative War Could Bring Down Global Economy, Grave Danger Elite Bankers Might Make Trump Fail

Wealth manager Lior Gantz warns of a possible derivative war between top bankers that could bring the global economy down. Gantz contends, “Once somebody begins to change the way they look at derivatives and start using derivatives as a weapon . . .

Jan 04 09:30

Does a Healthy Diet Have to Come at a Hefty Price?

By Kelly L. Haws, Vanderbilt University; Kevin L. Sample, University of Georgia, and Rebecca Walker Reczek, The Ohio State University

Imagine you’re in the aisle of your favorite grocery store, bombarded with hundreds of the latest and greatest products on the market. After grabbing a box of your favorite pasta off the shelf, you notice a new organic version of the spaghetti sauce you usually buy. Strikingly, you notice that the price is at almost a 50 percent premium compared to what your usual sauce costs.

Here we go again, you think: You have to empty your wallet to buy the “healthy” stuff.

If this describes how you think about the relationship between food health and price, you’re not alone...

Jan 04 09:25

Video: Keiser Report: Predatory Promises

In this episode of the Keiser Report, Max and Stacy discuss the run up in bitcoin prices and the runs on pension funds in Dallas, Texas.

Jan 04 08:54

The Titanic Sails at Dawn: Warning Signs Point to Danger Ahead in 2017

a couple of the icebergs:

Mandatory quarantines without due process or informed consent: Under a new rule proposed by the Centers for Disease Control and Prevention, government agents will be empowered to indefinitely detain any traveler they suspect of posing a medical risk to others without providing an explanation, subject them to medical tests without their consent, and carry out such detentions and quarantines without any kind of due process or judicial review.

Mental health assessments by non-medical personnel: As a result of a nationwide push to train a broad spectrum of so-called gatekeepers such as pastors, teachers, hair stylists, bartenders, police officers and EMTs in mental health first-aid training, more Americans are going to run the risk of being reported by non-medical personnel and detained for having mental health issues.

Jan 04 08:31

Cashing Out? Banks To Reveal Post-Brexit Plans

Banks in the City of London will tell investors as early as next month whether they plan to move their operations out of post-Brexit Britain, it has emerged.

UK-based lenders are finalizing Brexit contingency plans to decide how much of their business they need to shift overseas to maintain relationships with the remaining 27 EU member states, according to the Guardian.

Jan 04 08:27

Donald J. Trump Testifies Before Congressional Budget Committee, 11/21/1991

Did you know that Donald Trump testified before Congress for an hour straight, over 25 years ago?! I'd never seen this, it is very interesting. He tells it like it is! "The one word that nobody has mentioned is depression. People are kidding themselves if they think it's a recession.. Any part of the country virtually is a total disaster... Everybody is doing badly.. You have to get something going, if it's not started soon, uh, we're just gonna be in a freefall."

Jan 04 08:20

The only prediction that really matters for 2017: The global debt collapse begins, followed by the rise of fascist, totalitarian government

Now, as readers are asking me what to expect for 2017, I’ve spent most of the Christmas and New Year’s break pondering the best way to share that insight with you. At first, I thought about putting together a list of 25 bold predictions for 2017, but in the end I realized only one prediction really matters. It makes everything else almost irrelevant.

The era of cheap money and free debt is going to come to a catastrophic end

To understand the implications of this one prediction, you need to grasp the reality that we are approaching the end of the era of cheap money, endless debt and fiat currency money creation. I don’t have the time to go into all the details of why, but the upshot is that the “experts” running the Fed are delusional. They are wrong. The de-coupling of the U.S. dollar from gold in 1971 by Richard Nixon set into motion an inevitable dollar collapse and economic apocalypse.

Webmaster's Commentary: 

I concur the economy is headed for collapse from private central bank created debt, and I agree that when it hits the corporate media will scapegoat Donald Trump. However, I suspect that the attempt to form a global fascist dictatorship to protect the wealth and privilege of the elites will fail, and that like ancient Rome, which was also destroyed by out-of-control debt, we will see the global empire fragment and collapse.

Jan 04 08:15

How to Make America Great Again with Other People’s Money

A lot of the sharper-minded commentators have recently started pointing out a problem with Donald Trump’s plan to “make America great again”: lack of funds. The US is bankrupt: sinking ever-further into unrepayable debt, unable to achieve a rate of economic growth that could ever catch up with its growing debt burden. It is in the midst of a giant financial bubble that is propped up by various scams and rackets, from car loans whose term exceeds the useful lifetime of the car, to retirement fund shortfalls caused by effectively negative interest rates, to educational debt that condemns ever more young people to a lifetime of indentured servitude, to the medical racket which is now eating up over 20% of the economy while delivering some of the worst levels of well-being in the entire developed world…

Jan 04 08:14

Old Woman In Sweden Becomes The Latest Victim of the War on Cash

Over the years, Ethel had accrued a modest and honest nest egg of around 108,450 Swedish krona which amounts to approximately $12,000 USD in cash.

To her surprise, upon her request to exchange her outdated notes, she was denied the new issue notes. The bank’s justification for denying the woman the service was that she could not produce the proper receipts to prove the cash was earned legitimately.

She was pressed with hard questions such as whether she had ever been involved in laundering money or ever had involvement in organized crime.

She was essentially assumed to be guilty until proven innocent.

Little did she know, she was dealing with the policy of the biggest and most dangerous organized criminals in the world; central bankers.

Jan 04 08:03

World's Purest Silver Producer To Join Class Action Lawsuit Against Bullion Banks For Price Rigging

Though Wall Street regulators and the mega-banks they purport to regulate have long said that there exists no manipulation in markets and that anyone making claims to the contrary is nothing short of a conspiracy theorist, recent revelations suggest that even the most well known financial institutions on the planet have been actively involved in rigging asset prices. We need look no further for confirmation of this fact than Deutsche Bank, which last year admitted the precious metals market has been rigged all along and agreed to pay nearly $100 million in settlements resulting from their direct involvement in the manipulation of gold and silver prices.

Webmaster's Commentary: 

At this point, it seems like a major economy "correction" (euphemism for a crash) is unavoidable. When it hits, the people of the world are going to remember how the "real" (Reg trademark ABCNNBBCBSFOX) media and government kept assuring them the economy was fine, that the banks were honest, and that there was nothing to worry about so long as let the banks hold their money, invested in stocks, and paid their taxes.

The people will remember how the "fake" Independent Media was sounding the warnings about the eleventh marble, massive rigging and fraud by Wall Street, and how the illusion of a functioning economy was just that; an illusion.

A financial crash will trigger the final collapse of trust and confidence in big banks, especially private central banks.

A financial crash will trigger the final collapse of trust and confidence in corporate media.

A financial crash will trigger the final collapse of trust and confidence in government itself.

Jan 04 07:41

Circumvent The Euphemisms, It's Time To Face Reality!

You see, the elites like any systematic process has evolved but unfortunately for the worse. Before I go any further I would like to make 1 firm point, I am not a cynical/pessimistic human however the instincts of ‘common sense’ has been somewhat eroded by the roots of what drives cognitive behavior via mainstream media, government officials, too big to fail banks & ‘The Committee To Destroy The World’ aka Central Banks. We are witnessing the rise of exponential political polarization, distrust in mainstream media, people flocking to alternatives currencies & people finally thinking Ph.D. economist are full of shit.

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