Monday, August 31, 2015

Preparing For A Potential Economic Collapse In October



There’s no question that the world economy has been shaky at best since the crash of 2008. Yet, politicians, central banks, et al., have, since then, regularly announced that “things are picking up.” One year, we hear an announcement of “green shoots.” The next year, we hear an announcement of “shovel-ready jobs.” And yet, year after year, we witness the continued economic slump. Few dare call it a depression, but, if a depression can be defined as “a period of time in which most people’s standard of living drops significantly,” a depression it is.

SEPTEMBER COMETH

by Andy Hoffman, Miles Franklin:
This morning, the Financial Times – the UK’s more straight-laced (read: boring) version of America’s relentlessly pro-Central bank, propaganda-spewing Wall Street Journal – claimed China’s government has “abandoned large scale purposes” as a means of supporting its collapsing stock market.  To which, I ask the same ‘pink elephant in the room’ question; i.e., how the hell would they know what the Chinese government is doing?  I mean, it’s not like they tell us.  And moreover, whatever they do report – as in the UK, the U.S., and everywhere – is a flat out lie these days.  Like China, for example, in still reporting a 6.8% GDP growth, when in fact it’smassively declining.  Not to mention, the fact that Central banks such as the PBOC – as a rule – execute far more “monetary policy” covertly than overtly; such as, for example, the Fed opaque overseas “swap agreements” and plain old covert Treasury and mortgage-backed bond buying.
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“Something” Just Happened!

The leverage in all markets suggests a “holiday” will occur because the unwinding cannot be orderly
by Bill Holter, SGT Report:
“Something” happened three weeks ago. While we cannot be sure “what” exactly happened, we can speculate. We have many dots and lots of data points to help us but first it needs to be pointed out, even if wrong in conclusion …just the knowledge alone that “something changed” is enough. If you know something has changed, you can take clues and look at various markets for inflection points. Currently, most markets are stretched to various limits. Whether it be zero bound credit markets, equities, real estate, commodities or gold and silver, all values had reached extreme highs or lows.
Something changed three weeks ago and a series of events began. It all started with China announcing 600 additional tons of gold. This was followed by the IMF rebuff of China, the three yuan devaluations and three “coincidental” explosions. Then equity markets around the world (which were already weak) began to violently unravel and finally spilled over to the U.S.. This tested the PPT’s limits (which were apparently $23 billion last week).
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Russian Military Forces Arrive In Syria, Set Forward Operating Base Near Damascus

According to Western diplomats, a Russian expeditionary force has already arrived in Syria and set up camp in an Assad-controlled airbase. The base is said to be in area surrounding Damascus, and will serve, for all intents and purposes, as a Russian forward operating base. In the coming weeks thousands of Russian military personnel are set to touch down in Syria, including advisors, instructors, logistics personnel, technical personnel, members of the aerial protection division, and the pilots who will operate the aircraft.



China Strengthens Yuan Most Since Nov 2014 After PMI Hits 3-Year Low, PBOC Offers "Hope" As A Strategy For Stocks

Having exposed the culprit for all of its economic and market woes, China is likely going to have problems explaining why its economic plague is still spreading (with South Korean exports collapsing and Japanese Capex growth slowing) and China's official manufacturing PMI slipped into contraction for the first time in 6 months (to 3 year lows). Amid the face-saving clean-air of Parade Week, the appearance of awesomeness must prevail and following the worst quarter since Lehman, stocks are indicated lower despite having received some 'help' into last night's close. PBOC proxies push 'hope' as a strategy for stock stability (even as US markets and oil are re-collapsing) as margin debt drops to an 8-month low - still double YoY though. PBOC fixes Yuan 0.22% stronger- the biggest jump since Nov 2014 - as it injects another CNY150bn via 7-day rev.repo.

Gold, Oktoberfest And The Great Illusion

from KingWorldNews:
The exchange value of gold and FIAT-money is not stable. It would change over time, depending on the growth in the supply of gold, the change in the demand to hold cash balances, and the growth in goods and services on the market. However, given its much lower as well as easily foreseeable annual supply growth rate, it would be far more stable than paper currencies.
Ludwig von Mises always argued that money is a good like any other. It differentiates itself by one important characteristic: Money is the generally accepted medium of exchange, because it is the most marketable good. According to Mises, money’s function as a medium of exchange is thus the central one, while its store of value and unit of account functions are merely subordinate functions (they are derived from, or implied by the central function). This also implies that a rising money supply must lower the exchange value of money.1
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Is This Man Responsible For China's Stock Market Crash?

Meet Wang Xiaolu, the journalist detained by Chinese authorities is being held responsible for the “chaos” in China’s stock market.
 


"It's The Gun's Fault!!"

Presented with no comment...
 



The Age Of Voodoo Finance


The Jackson Hole gathering may end up providing at least some clarification, but not even close to the manner in which everyone seems intent on inferring. With Janet Yellen’s notable absence, there isn’t the same sort of celebrity about what would have been the media hanging upon every word; that is, after all, what the Federal Reserve has become, not an organ of stability or even expertise but a public relations effort aimed squarely at trying to convince everyone possible that it is. Given the unique circumstances at the moment, the real issue is not whether they might raise rates but just how much systemic misdirection has already been revealed even to the least attentive of people.



Exposed: The New American Way Of Life

 It's enough to make you cry... or scream.



Dow Futures Plunge 200 Points As Oil Drops 4% Ahead Of China PMI

Just when you thought it was safe to listen to the stability-preaching talking heads, crude futures are sliding and US equity futures are tumbling as Asia opens. Worse still XIV (VIX inverse ETF) has tumbled to fresh lows with a 24 handle in the after-hours market, suggesting more downside for stocks. With all eyes on China PMIs - though, there is little need for a weak PMI to be present for China to unleash moar measures, and a strong PMI will be scoffed at - it seems, the end-of-month rip-fest is fading fast...



Brazil Throws In Towel On Budget; Citi Compares Fiscal Outlook To "Bloody Terror Film"

"In the meantime, in our (un)beloved country, there is something scarier than Freddy Krueger: our growth / fiscal outlook."

Children Exposed to GMO Soy Pesticides Suffer ‘Serious Genetic Damage’

by Christina Sarich, Natural Society:
A 2015 study has shown that children exposed to pesticides used to grow GM soy suffer serious genetic damage. Does this mean that our children will suffer the same fate as those unfortunate enough to live near GM soy fields in Argentina?
Researchers from the National University of Río Cuarto, Cordoba (UNRC) compared children who lived close to a GM-soy growing area in Argentina to children who lived in another city in Cordoba that was not adjacent to GM soy fields.
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Unusually Massive Protests Erupt in Japan Against Forthcoming "War Legislation"

In case you aren’t up to speed on your Japanese history, the nation’s post WWII Constitution prohibits military action unless it’s in self-defense. Clearly a sensible approach, which is why the current Japanese government, led by the demonstrably insane and incompetent Prime Minister Shinzo Abe, wants to get rid of it. Not only will this action increase the likelihood of World War III in the Far East, but it’s another important example of a government acting against the will of the people. Democracy is dead. Globally. If we fail to bring it back, history will see us as one of the most inept and spineless generations in history.



How China Cornered The Fed With Its "Worst Case" Capital Outflow Countdown

China has just cornered the Fed: not just diplomatically, as observed when China's PBOC clearly demanded that Yellen's Fed not start a rate hiking cycle, but also mechanistically, as can be seen by the acute and sudden selloff across all asset classes in the past 3 weeks. Now Yellen has about 365 days or so to find a solution, one which works not only for the US, but also does not leave China a smoldering rubble of three concurrently burst bubbles. Good luck.



China Rocked By Another Massive Chemical Explosion

Seriously, what the f##k is going on over there?
*BLAST SEEN IN CHEM. IND. ZONE IN SHANDONG, CHINA: PEOPLES DAILY
This is the second explosion in Shandong, which both follow the huge and deadly explosion in Tianjin.

THE NEW WORLD ORDER IS COMING – RIP OFF YOUR BLINDFOLDS

from TRUTH SHOCK TV:




Monday Humor: Go 'West' Young Men

First Trump, now this...!?


Stocks Suffer Biggest Monthly Drop In Five Years As Oil Spikes Most Since 1990









Recession Odds Surge To 47%, Highest Since 2011

Assuming that after being wrong for 7 years about everything, economists are actually right about the market still having some discounting abilities left, what then is the market telegraphing? The answer, according to the Bank of America: the biggest surge in recessionary odds since 2011, which over the past few days have nearly hit a 50% probability of an economic slowdown.



If The Fed Is Always Wrong, How Can Its Policies Ever Be Right?

One of the most curiously persistent surrealisms of Washington, DC is the reflexive deference given the Federal Reserve System. The Washington elite tends to accord more infallibility to the Fed than do Catholics the Pope.



When Every Option In The Financial System Is Grounded In Absurdity, It's Time To Look Elsewhere

The fundamentals for the US dollar are terrible, but people keep dumping money into it like trained monkeys simply because nothing else in financial markets makes any sense. This perception of 'safety' is based on a complete myth - every credible fundamental suggests that the dollar is dangerously overvalued; but if not the US dollar, then which currency is the safe haven? The euro is garbage, the Chinese are fighting a depression, Japan is a disaster. And that’s precisely the point. When every option in the financial system is grounded in absurdity, the only solution is to start looking for safety outside of it.



Economics 102: WalMart Cuts Worker Hours After Hiking Minimum Wages

Don’t look now, but undergrad economics is rearing its ugly again at Wal-Mart as the retailer cuts workers’ hours in a desperate attempt to offset more than a billion in wage hikes.



Guest Post: Stanley Fischer Speaks - More Drivel From A Dangerous Academic Fool

With every passing week that money markets rates remain pinned to the zero bound by the Fed, the magnitude of the financial catastrophe hurtling toward main street America intensifies. When the next financial bubble crashes it can only be hoped that this time the people will grab their torches and pitchforks. Stanley Fischer ought to be among the first tarred and feathered for the calamity that he has so arrogantly helped enable.



Citi Slams Today's Historic Oil Surge: "Another False Start, Time To Fade The Rally"

Moments ago Citi's Edward Morse who, together with Goldman, has been bearish on oil for a good part of the past year, just slammed today's crude breakout and doubled down on his double-dead cat skepticism, when he released a report titled "Another False Start…Time to Fade the Rally" whose punchline is that "Citi foresees that WTI and Brent prices should post another fresh leg lower—perhaps making new 2015 lows—before year-end."

Modern Greek Drama Plot Twist And Financial Crisis Update

from The News Doctors:
To be able to follow the twists and turns in the Greek drama, we need to remember that after the 2008 crisis, the Troika of creditors (the ECB, the IMF and the European Commission) imposed external economic governance on Greece, calling it “assistance” and “escape from default”. The Troika was not saving Greece, but the money of Greek government bond holders – German, French and American banks – by cutting social expenditure and selling state-owned property (first and foremost to Germans).
Under these conditions, the victory of the Coalition of the Radical Left (Syriza) in the early parliamentary elections in January 2015 was greeted by the majority of Greek society as deliverance and its young leader, Alexis Tsipras, was all but regarded as the Messiah. His statements matched those of a saviour as well: “Greece has turned a page. The Greek people have written history. The Troika is in the past and we have put an end to austerity forever… We will change the EU from within.” So said Tsipras seven months ago. On that night, 25 January 2015, it felt to the Greeks as if anything was possible…
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Grassroots Movement to Descend on Arizona This Week in Operation Detain McCain

by Tim Brown, Freedom Outpost:

Senator John McCain (R-AZ) not only got his nickname “Songbird” for alleged treasonous activity while in Vietnam (though he has been hailed by many as a hero), but has taken completely unconstitutional stand and has engaged in treasonous activities in recent years with America’s Islamic enemies, even going so far as to say he helped to fund and arm the now infamous Islamic State. Now, a grassroots movement has formed and will descend on Arizona this week to demand the Arizona senator be held accountable for his actions.
The launch date for Operation Detain McCain will begin on September 1. Click here to read the full itinerary.
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TAKE THE OPPORTUNITY TO BAIL BEFORE IT’S TOO LATE

from The Burning Platform:
Last week ended with the cackling hens on CNBC and the spokesmodels on Bloomberg bloviating about the temporary pothole on the road to riches. They assured their few thousand remaining viewers the 11% plunge in the stock market was caused by China and the communist government’s direct intervention in their stock market, arrest of a brokerage CEO, and threat to prosecute sellers surely cured what ails their market. The Fed and their Plunge Protection Team co-conspirators reversed the free fall, manipulating derivatives and creating a short seller covering rally back to previous week levels. The moneyed interests are desperate to retain the appearance of normality and stability, as their debt saturated system teeters on the verge of collapse.
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The Dying Institutions Of Western Civilization

from Paul Craig Roberts:
IJudiciary Branch Has Self-Abolished
The US no longer has a judiciary. This former branch of government has transitioned into an enabler of executive branch fascism.
Privacy is a civil liberty protected by the US Constitution. The Constitution relies on courts to enforce its prohibitions against intrusive government, but if the executive branch claims (no proof required) “national security,” courts kiss the Constitution good-bye.
Federal judges are chosen by the executive branch. The senate can refuse to confirm, but that is rare. The executive branch chooses judges who are friendly to executive power.
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Monsanto Wants to Replace the Bees They Are Killing with Genetically Engineered Flying Ants

from DAHBOO77:


Syrian War-Islamic State (ISIS) Creation Timeline

from Global Research:
This document is meant for all those interested in the lead up and current events surrounding the war in Syria and the creation of the Islamic State (ISIS).
Below is a timeline ranging from 1992-2015 with related articles to the war in Syria, ISIS and geopolitical events that tie them all together. Purposely the author of this document provides No commentary.
You will notice that each citation is met with origin of the article, date published and key quotations. Also, the author attempted to find sources that many “Westerners” would consider “mainstream”, with the exception of a few. Lastly, at the end of the timeline, one can find longer articles and videos that the reader can dive into if interested.
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The Shadowsphere – The Unconscious Collective

from Truth Never Told:


Bernie Sanders Interview: ‘The Business Model of Wall Street Is Fraud’

from Jesse’s Café Américain:
< Most people are sick and tired of the system as it is now. And they are once again attempting to reject the status quo, having been badly disappointed by Obama and the Congress. And this gives rise to popular movements and even third parties.
The biggest problem with popular movements is that they either tend to be co-opted by the most powerful in the status quo and used badly, misdirected and deceived, as in the case of the Tea Party, or diffused by too many factions and lack of prioritization resulting in a lack of effective cohesion, as in the case of the Occupy Movement.
And so we have the ascendancy of the Wall Street wing of the Democratic Party, and the Koch Brothers wing of the Republicans.
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Social Security supports 1 out of every 5 Americans

Most retirees heavily depend on Social Security for their retirement income.
from MyBudget360.com:

It is great that people overall are living longer but adding years to your life can get costly.  Retirement can be a long time.  For some, retirement can last as long as their working career. With a pension people didn’t have to worry about longevity as if this was a bad thing.  Yet pensions are rare in our current low wage environment.  Social Security has become the backbone of income for millions of retirees.  Numbers can be daunting but as I dug deep into the Social Security figures, we now have more than 64 million Americans receiving some form of Social Security.  In other words, 1 out of 5 Americans is receiving funds from a system that heavily relies on those actually working.  The challenge is now emerging where many young Americans are being pushed into low wage jobs while older Americans scrimp by on their monthly benefit payment.  Things work until they don’t and math eventually catches up.
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"The Quantitative Easing Hangover Is Starting" - Dallas Fed Dead-Cat-Bounce Collapses To Post-2009 Recession Lows



With the biggest miss sicne April 2013, Dallas Fed's 2-month dead-cat-bounce has collapsed to -15.8 (against expectations of -4.0). This is practically the weakest level for the manufacturing index since 2009. The entire report is a disaster - Fisher's exit seems well timed? - as New Orders crash from +0.7 to -12.5 and Pries Paid craters from +0.1 to -8.0.Even worse, 14 of the 15 'hope' indicators declined and as one respondent warned "the quantitative easing hangover is starting." We have 3 simple words - "not unequivocally good."

WHO OWNS YOU?

from Josie Outlaw, via The Burning Platform:


TBP Editors Note – Watch the damn video. Then tell me if Josie is;
A) Right on the money
B) Delusional
C) A starry-eyed dreamer
D) Other (make sure you explain it)
On a practical level, I do know this. If I don’t obey the laws, or pay the taxes, then I will damned well know who owns my fat ass ….. the prison. So, I pay and obey. I guess I’ll never escape my slavery. And that just f**kin’ sucks arse!.



Take The Opportunity To Bail Before It's Too Late

With corporate profits falling, margin debt at all-time highs, the Fed preparing to raise rates, China’s fake economic system imploding, currency wars breaking out across the globe, emerging markets in turmoil, oil dependent countries in the Middle East seeing budgets go deeply in the red, Greece and the other insolvent southern European countries nearing collapse and tensions rising between Russia, Europe and the U.S., there is plenty to fear in this central banker created debt bubble world. History teaches us this isn’t over. It’s only just begun. The bubblevision assertions that the worst is behind us is false. They will insist all is well until you’ve lost half your net worth. When fear overtakes greed, neither monetary easing, propaganda, nor acts of desperation by politicians, government bureaucrats, or central bankers will turn the tide.



Goldman Warns This Extreme Indicator "Is Rare Outside Of A Recession"

The current VIX level of 26 is equal to the median VIX level over the last three recessions. As Goldman warns, while extreme VIX levels periodically occur, our analysis shows that VIX levels in the high-twenties to low-thirties for extended periods of time are rare outside of recessions. Furthermore, this was foreseeable as equities were ignoring potential warning signs from other asset classes prior to the recent sell-off.



Rewriting The Rules - Trump's Rise Is Unprecedented

"In the almost 20 years I have spent following politics closer than close, I've never seen anything like the total reversal in how Trump is perceived by Republican voters. It is, quite literally, unprecedented."



China Rocked By Another Massive Chemical Explosion, People's Daily Reports

Seriously, what the f##k is going on over there?
*BLAST SEEN IN CHEM. IND. ZONE IN SHANDONG, CHINA: PEOPLES DAILY
This is the second explosion in Shandong, which both follow the huge and deadly explosion in Tianjin.



Is China Dumping German Paper Now? Bund Prices Are Collapsing

German bonds are under significant pressure again this morning - despite equity weakness and US Treasury strength. This raises the rather interesting question of whether - after decimating Treasuries last week, is China turning to its Bund holdings and liquidating them to raise cash?



Economics 102: WalMart Cuts Worker Hours After Hiking Minimum Wages

Don’t look now, but undergrad economics is rearing its ugly again at Wal-Mart as the retailer cuts workers’ hours in a desperate attempt to offset more than a billion in wage hikes.



More Bad News From Tom DeMark: "We Should See The Market Drift Lower For The Next Month"

"The market closed above last Monday's high, which was a gap downside. And it also closed above the prior Friday's close. And that led to exhaustion. We should see the market drift lower for the next month or so. And we could probably make a new low, the low of last week's low, before the market finally bottoms."



Why So Much Oil Price Volatility? Blame The Speculators

On the face of it, the crash and massive rebound makes little sense, with many oil market analysts undoubtedly left shaking their heads. But there is a logic to what unfolded, just not the logic of the physical market for crude.



One Theory About Last Monday's ETF Implosion

Attempts to explain exactly what happened last Monday when prices for a whole host of ETFs and mutual funds diverged markedly from fair value abound and while there's no way to know for sure exactly what went wrong, FactSet has drawn some tentative conclusions after conducting a bit of "voodoo, tea-leaf reading."



Say Goodbye To Normal - We're Going Medieval

The tremors rattling markets are not exactly what they seem to be. A meme prevails that these movements represent a kind of financial peristalsis - regular wavelike workings of eternal progress toward an epic more of everything, especially profits! You can forget the supposedly “normal” cycles of the techno-industrial arrangement, which means, in particular, the business cycle of the standard economics textbooks. Those cycle are dying. They’re dying because there really are Limits to Growth and we are now solidly in grips of those limits.



The "Chicago Cubs No Hitter" Indicator Spells Doom For The Market

Following Milt Pappas' September 1972 'no hitter', The Dow dropped over 40%.  Carlos Zambrano's 'no hitter' in 2008 came right before the Lehman bankruptcy weekend and was followed a 6000-point-plus collapse in The Dow. So, when we saw Jake Arrieta's 'no hitter' this weekend, we can only imagine what doom it implies for US stocks.



Forget China - Oil Price Is Main Driver Of Market Turmoil

World oil production is about 90 million barrels a day, representing a cash flow of about nine billion dollars a day which comes down to three trillion dollars a year. With the oil price 40 to 50% lower, this flow is also cut by 40 to 50%. This amounts to 10% US GDP. Compare it with the 0.5% growth we are now missing in China, we prefer to keep our eyes on the oil price. These extreme moves can not be without consequence.



This Is Oil's Biggest 3-Day Rally In 25 Years

Is Andy Hall calling in every favor possible, and painting the tape to save his career? Or just an epic short squeeze ramp to the 50DMA at $49.36?



European Stocks Suffer Biggest Monthly Loss In 4 Years

If not for the squeeze at the end of last week, this would have been European stocks' worst week since Lehman. However, with the 'save' Stoxx 600 (Europe's S&P 500) dropped almost 9% - its biggest drop since the peak of the EU crisis in 2011...



The Oil Volatility Farce Continues: Oil Now Surging As OPEC Hints At "Fair Price" Talks

The equity market momo-igniters tried USDJPY - and failed. Then they tried XIV - and failed. So what next? WTI crude of course which has just exploded back to Friday's highs, with Brent Crude also breaking back above $50.



The Real Refugee Crisis Is In The Future

"It is estimated that sub-Saharan Africa will have 900 million more inhabitants in the next twenty years. Of these, at least 200 million are young people looking for work. The chaos of their countries of origin will push them further north." That is the future. It will no more go away by itself, and by ignoring it, than the present crisis, which, devastating as it may be, pales in comparison. Europe risks being overrun in the next two decades.

Hidden $Trillion QE Monthly Volume

by Jim Willie, GoldSeek:
The massive Quantitative Easing (QE) abuse by the USFed and steeped lies are centered on its volume, which in reality is an order of magnitude higher than admitted. The recent usage of certain REPO windows has been effective to disguise huge volume of bond purchases. The entire bond system is irreparably corrupted. The REPO window hides QE extras with naked bond shorting linked to a $1 trillion extravaganza that receives almost no publicity. While the public, and even more financial market participants, focus on the Dow Jones stock index, the Treasury Bond yield, the crude oil price, and very little else, they overlook the Reverse REPO window and the related Failures to Deliver data for USTreasury Bonds. The two work like a hand and glove.
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Beijing Just Buried its Fangs into the US Dollar Standard

from The Wealth Watchman:

Taking Control
Over the past few days, it’s quite evident that alot has changed on the global financial landscape. However, there have recently been a few developments in China, which further signal that everything we know is about to change.
Several weeks ago, I made the case that China had been taking certain measures to put pressure on DC to give them more hefty weighting in the IMF, particularly regarding SDR inclusion.  Now that it has been confirmed that SDR inclusion “will be put off for at least a year”, China has decided to take matters into its own hands…by burying two twin fangs into the US Dollar standard.
Read More…

Obama Has Declared Open Season On Cops

from TheAlexJonesChannel:


Something Is Percolating In The Gold Market

by Dave Kranzler, Investment Research Dynamics:
A longtime friend/colleague of mine sent me a note tonight in which he said he thought something significant might be coming to light about gold in the next week or two. There’s certainly some unusual behavior on the Comex, with Goldman taking delivery of 98,300 ounces last week (2.8 tonnes), the amount of gold cleared on the LBMA at the a.m. fix spiked up from an average of about 100,000 ozs per day to over 150,000 ounces, the Shanghai Gold Exchange saw the 4th largest withdrawal of gold in its history and the premiums on both physical gold and silver rose considerably.
It’s anyone’s guess what might be going on, but China is certainly accumulating an increasing amount of the Wall Street Journal’s “Pet Rock.” And the Chinese seem to be unloading a massive amount of dollars/Treasuries.
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Dementia now striking people in their 40s as mercury from vaccines causes slow, degenerative brain damage

from Natural News:
Dementia and other neurological brain diseases are striking people younger and younger, according to a new study conducted by researchers from Bournemouth University in England and published in the journal Surgical Neurology International. These diseases have reached levels that are “almost epidemic,” the researchers said, and they reached them so quickly that environmental factors must be largely to blame.
“The rate of increase in such a short time suggests a silent or even a ‘hidden’ epidemic, in which environmental factors must play a major part, not just ageing,” lead researcher Colin Pritchard said. “Modern living produces multi-interactional environmental pollution but the changes in human morbidity, including neurological disease is remarkable and points to environmental influences.”
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Got White Privilege? College Students Flunked for Using “Oppressive and Hateful Language”

by Mac Slavo, SHTFPlan:
Free speech has officially failed.
Reports are pouring in that the politically-correct politics surrounding the term ‘white privilege’ are gaining traction at many universities.
Plenty of professors at various colleges across the nation are confronting students with racial and ethnic issues, and decimating their grades if they aren’t sensitive enough to the use of delicate terminology.
Campus Reform reported on political correctness gone too far:
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Silver and The Mechanics of False Reality

by Dr. Jeffrey Lewis, Silver-coin-investor:
All truth passed through three stages: First it is ridiculed. Second it is violently opposed. Third it is accepted as being self evident”.
– Arthur Schopenhauer
Once the truth about silver value becomes evident, it will probably be time to move on.
For now, watching price action can be torture.
How many of you over the past 4, 5, 10 or more years have experienced the following?
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In 2008, Fewer Than 30 Million Used Food Stamps. Now 46 Million Do.

from Daily Signal:
Good news: The number of Americans using food stamps in 2014 declined slightly from the previous year. So why does the 2015 Index of Culture and Opportunity say this indicator is headed in the “wrong direction”?
There are a couple of reasons. For one, the food stamp program (officially known now as the Supplemental Nutrition Assistance Program, or SNAP) is still much larger today than it was a decade ago—or, indeed, just a few years ago. In 2008, it was below 30 million. By 2013, it had hit 47.6 million.
It has since dipped a bit, as I mentioned (to 46.5 million). But for it to still be so high, despite an improving economy, is certainly troubling.
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