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WTF Headline Of The Day
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by Jeff Nielson, Sprott Money:
A normal, benchmark interest rate for a national economy is between 3 –
5%. Indeed, if we go back a little further in history , a normal rate
was significantly higher than that range. This fact is mentioned because
after eight years of monetary madness in the West, many (most?) people
have completely forgotten what “normal” is with respect to interest
rates.
The title of this article is something of a misnomer. There are, in fact, numerous big lies being disseminated concerning the Western world’s utterly insane, totally criminal, near-zero interest rates (and now “negative” rates). However, all these Big Lies are then piled on top of each other, in order to create an even Bigger Lie.
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The title of this article is something of a misnomer. There are, in fact, numerous big lies being disseminated concerning the Western world’s utterly insane, totally criminal, near-zero interest rates (and now “negative” rates). However, all these Big Lies are then piled on top of each other, in order to create an even Bigger Lie.
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by Michael Krieger, Liberty Blitzkrieg:
At this point I’d like to remind everyone that crime in the U.S. has
been dropping since the 1990’s. So why has domestic police force
militarization been growing exponentially since then? Ostensibly, it is
for the “war on terror” and to keep us safe. In reality, we know this is
bullshit. Just like the NSA’s unconstitutional spying hasn’t stopped a
single terrorist attack, turning local cops into a domestic army hasn’t
done a single thing to make us safe. To the contrary, it is creating an
environment where the general public harbors increased resentment and
skepticism toward police, and the police view the citizenry as the
“enemy.” This takes the societal tinderbox that already exists and makes
it downright explosive. Ferguson is just the latest example of the
tension bubbling to the surface, but there will likely be many more in
the future.
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from Rogue Money:
Almost 100 years after President Calvin Coolidge declared, ‘the
business of America is business’, the Obama administration has
established a new label for the empire which says, ‘the business of
America is the stifling of business’. Because sure enough, it has been
the domestic and foreign polices of the U.S. which have not only brought
about Western economic decline, but they have also helped the East rise
to the top and stand on the precipice of seizing control over the
global financial system.
Undoubtedly, the President before Barack Obama had a great deal to do with setting the table for the U.S. and Europe’s economic demise thanks to endless wars, the devaluing of the dollar, and using sanctions to interrupt the free flow of trade between Europe, the Middle East, and Asia. And this of course has led both Russia and China to create new monetary and financial infrastructures that opened the door for the world to leave the dollar and Washington’s hegemony, and to seek to return to a system that recognizes and respects each nation’s own sovereign and individual currencies.
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Undoubtedly, the President before Barack Obama had a great deal to do with setting the table for the U.S. and Europe’s economic demise thanks to endless wars, the devaluing of the dollar, and using sanctions to interrupt the free flow of trade between Europe, the Middle East, and Asia. And this of course has led both Russia and China to create new monetary and financial infrastructures that opened the door for the world to leave the dollar and Washington’s hegemony, and to seek to return to a system that recognizes and respects each nation’s own sovereign and individual currencies.
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by Doug Casey, Casey Research:
Two of the biggest names in investing agree with what we’ve been saying for months…
The world is racing toward a full-blown financial crisis.
As Dispatch readers know, Great Britain voted to leave the European Union (EU) on June 23. The historic event, which the media is calling the “Brexit,” rattled financial markets from Tokyo to New York.
It triggered a worldwide selloff that erased $2.1 trillion from global stocks on Friday, June 24. It was the worst day in history for the global stock market. The panic spilled over into Monday when another $930 billion in value vanished from the global stock market.
Then, stocks rallied.
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The world is racing toward a full-blown financial crisis.
As Dispatch readers know, Great Britain voted to leave the European Union (EU) on June 23. The historic event, which the media is calling the “Brexit,” rattled financial markets from Tokyo to New York.
It triggered a worldwide selloff that erased $2.1 trillion from global stocks on Friday, June 24. It was the worst day in history for the global stock market. The panic spilled over into Monday when another $930 billion in value vanished from the global stock market.
Then, stocks rallied.
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by Michael Snyder, End Of The American Dream:
Have you noticed that the world seems to be going a little bit more
crazy with each passing month? Here we are halfway through 2016, and
the rot and decay that are eating at the foundations of civilized
society seem to be rapidly gaining momentum. Every single day, all of
us take certain things for granted as we go through our normal routines.
For example, as you walk down the street you probably take it for
granted that someone is not going to pull out a gun and try to shoot
you. As members of a civilized society, we have come to expect that our
fellow citizens will behave in a certain way. Unfortunately, the thin
veneer of civilization that we have all come to rely upon is steadily
evaporating all over the globe, and chaos, crime and violence are all on
the rise.
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by Michael Snyder, The Economic Collapse Blog:
The fallout from the Brexit vote continues to rock the European
financial system. On Wednesday, the British pound dropped to a fresh 31
year low as confidence in the currency continues to plummet. At one
point it had fallen as low as $1.2796 before rebounding a bit. As I
write this, it is still sitting at just $1.293. Meanwhile, the problems
for the biggest banks in Europe just continue to mount. At one point
on Wednesday Credit Suisse hit an all-time record low, and German
banking giant Deutsche Bank closed the day at an all-time record closing
low of 12.93. Overall, Europe’s Stoxx 600 Bank Index closed at the
lowest level in almost five years. What we are watching is a full-blown
financial meltdown in Europe, but because it is not personally
affecting them yet, most Americans are not paying any attention to it.
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