by Michael Snyder, The Economic Collapse Blog:
If the U.S. economy really is improving, then why are big U.S.
retailers permanently shutting down thousands of stores? The “retail
apocalypse” that I have written about so frequently appears to be
accelerating. As you will see below, major U.S. retailers have
announced that they are closing more than 6,000 locations, but economic
conditions in this country are still fairly stable. So if this is
happening already, what are things going to look like once the next
recession strikes? For a long time, I have been pointing to 2015 as a
major “turning point” for the U.S. economy, and I still feel that way.
And since I started The Economic Collapse Blog at the end of 2009, I
have never seen as many indications that we are headed into another
major economic downturn as I do right now.
If retailers are closing this many stores already, what are our malls
and shopping centers going to look like a few years from now?
Read More…
If the U.S. economy really is improving, then why are big U.S.
retailers permanently shutting down thousands of stores? The “retail
apocalypse” that I have written about so frequently appears to be
accelerating. As you will see below, major U.S. retailers have
announced that they are closing more than 6,000 locations, but economic
conditions in this country are still fairly stable. So if this is
happening already, what are things going to look like once the next
recession strikes? For a long time, I have been pointing to 2015 as a
major “turning point” for the U.S. economy, and I still feel that way.
And since I started The Economic Collapse Blog at the end of 2009, I
have never seen as many indications that we are headed into another
major economic downturn as I do right now.
If retailers are closing this many stores already, what are our malls
and shopping centers going to look like a few years from now?Read More…
TEPCO Admits Fukushima Is Leaking Again - Over 600x 'Safe' Radiation Levels
Submitted by Tyler Durden on 05/03/2015 - 21:15 Having killed a robot by underestimating the level of radiation present in the Fukushima power plant, and after delaying its previous admission of a leak, Tokyo Electric Power Co. (TEPCO) has quickly admitted that the nuclear plant has sprung another leak. As EFE reports, a small quantity of radioactive water has leaked from a storage tank with 70 microsieverts per hour of beta-ray-emitting radioactivity detected on the surface where the water had leaked, far exceeding the recommended maximum exposure of 0.11 microsieverts per hour. But apart from that it's "contained."Keep eating that yummy Pacific Ocean fish...
TV: Billions of mysterious creatures dead along West Coast — “Literally covering all of Oregon coast” — Washing up from California to Alaska — Expert: Death totals are staggering, “it’s got to be billions” (VIDEO)
http://enenews.com/tv-billions-mysterious-creatures-washing-along-west-c...
Nobody believes that the states will eternally drag the burden of
these interest payments. It is obvious that sooner or later all these
debts will be liquidated in some way or other, but certainly not by
payment of interest and principal according to the terms of the
contract. – Ludwig von Mises, Human Action (1949)U.S. bankruptcy code (Sec. 101 (32)) defines insolvency for businesses as the “financial condition such that the sum of such entity’s debts is greater than all of such entity’s property, at fair valuation.”
Although the federal government’s $18.2 trillion debt is commonly compared to U.S. GDP of only $17.4 trillion, a far more appropriate debt comparison would be to compare it to assets possessed by the U.S. federal government (since, after all, the “economy” is not obligated to pay the national debt). The values of such assets, liquid or otherwise, are inherently difficult to ascertain – some are unknown (e.g., real estate, mineral rights, offshore oil deposits) while others are of suspect value (e.g., student loans, U.S. Postal Service).
Read More @ DollarVigilante.com
What Bubble? Wall Street To Turn P2P Loans Into CDOs
When student debt and subprime car loans aren't enough, you have to get creative. It now appears Wall Street is set to feed its securitization machine with a new kind of debt: peer-to-peer loans. You read that correctly. Soon enough, the pool of micro loans that are facilitated by sites like LendingClub will be used to create CDOs.It’s no secret that global central banks are keeping the lid on interest rates to try to stimulate an economic recovery, though they are proving far more effective at the former rather than the latter. But not so many people appreciate that in order to achieve this they also have to artificially manipulate gold prices down.
Read More @ GoldSeek.com
HFT + Inept Regulators + Fed Distortion = More Flash Crashes
Submitted by Tyler Durden on 05/03/2015 - 18:15 "I think we have to blame central bank intervention. How can we not? It’s all around the world. They’re setting interest rates at a ridiculous level. Quantitative easing is distorting all sorts of prices of assets. How do you price things anymore when you have such a giant manipulator out there?"
Obamanomics Summed Up
Submitted by Tyler Durden on 05/03/2015 - 16:00 Just keep banging the same old drum...
Why Deflation Is Unlikely
Submitted by Tyler Durden on 05/03/2015 - 16:45 The prices of gold and silver reflect the deflationary view to the exclusion of the likely outcome of all this experimentation. There is no doubt that many dealers believe that gold and silver are merely commodities, otherwise they would be chasing their prices upwards in a dash for cash. Future historians should be puzzled.
There Is No Solution To The Crisis
Submitted by Tyler Durden on 05/03/2015 - 15:15 The end result of Fed policy appears to be to keep us in perpetual economic malaise, to keep us all confused. They keep interest rates low masking the huge structural issues of huge federal budget deficits and whenever the economy appears to be picking up a bit, they threaten to take away the government props of QE and low interest rates faster thereby slapping down the economy. All this happening while the ticking time bomb of huge Federal Debt accumulates more potency. There is no solution to the crisis, merely a choice of which roads to choose, a deflationary debt collapse, or a hyperinflationary dollar collapse or World War III. Pick your poison...
There Is No Recovery: Sucking Spoilt Milk From A Bloated Dead Sow
Submitted by Tyler Durden on 05/03/2015 - 11:32 "With US GDP growth ‘officially’ back where it belongs, in the Arctic zone close to freezing on the surface but much worse in real life, for reasons both Albert Edwards and Ambrose Evans-Pritchard (not exactly a pair of Siamese twins) remarked this week; that is, excluding the 'biggest inventory build in history, the economy contracted sharply', it’s time for everyone to at long last change the angle from which they view the world, if not the color of their glasses."
Why Central Banks Hate Physical, Love "Earmarked" Gold, And What Is The Difference
Submitted by Tyler Durden on 05/03/2015 - 14:30 Until the advent of the BIS, gold held by central banks came in one version. Physical. It was only after the BIS arrived on the scene did gold's macabre doppelganger, so-called paper, registered or "earmarked", gold emerge for the first time. Here is a brief history of how earmarked gold came into being...
Suddenly "You Can't Ignore The Data" Has Turned Into "Trust Me"
Submitted by Tyler Durden on 05/03/2015 - 13:45 The week that passed has been nothing short of a roller coaster ride for many nervous investors. And for some: a realization that the once hyped, hawked, and levered Billion dollar babies can indeed “come off the rails.” Turning the once joyride into something more in common with a free fall into the abyss. However, you’re told not too worry: For if you loved the ride when the prices were higher, then surely you should be ecstatic to “ride again” since the new ticket prices are clearly “on sale!”
For years we’ve discussed the numerous dangers of Monsanto’s
genetically modified seeds — from unstoppable genetic contamination to
the newly-admitted link
between the company’s top selling herbicide and cancer. All in all, the
list goes on and on. But GMOs aside, what may be an even greater threat
to not only our individual futures, but the future of humanity itself,
is what I call the ‘Fukushima nightmare.’ The difference comes down to
the invisible threat that Fukushima exhibits verses the much more
tangible attack presented by GMOs.As Monsanto’s GMOs continue to be pushed deeper and deeper into the highly-monopolized food supply, we are faced with one of the greatest threats to our agricultural integrity that we have ever seen. It’s something that we can witness progressing, and we can even read the labels on our foods to ensure that we are eating GMO-free and organic (as much as possible). And perhaps more importantly, the public now recognizes Monsanto’s numerous agricultural crimes and has banded together.
Read More @ NaturalSociety.com
Something amazing has happened in the energy market. The cost of solar
power has fallen to the point where, in a growing number of places,
it’s cheaper than the electricity that utilities deliver from their
coal-fired power plants. And its price is still falling.The implications are huge. Most of the world’s governments, for instance, have concluded that the burning of fossil fuels is destabilizing the climate and are considering fairly extreme measures to slow down the process. But what if all that’s necessary is getting out of the way of solar? Here’s the Daily Bell’s take:
Read More @ DollarCollapse.com
from NorthWestLibertyNews:
Happy May Day! Communism Killed 94 Million In The 20th Century .
It's Official: The Top Is In For Chinese Stocks
Submitted by Tyler Durden on 05/03/2015 - 13:05 Presenting, a contrarian indicator...
"Stop Being So Negative": Putting It All Together
Submitted by Tyler Durden on 05/03/2015 - 10:37 Considering:1) governments are unable to eliminate deficits
2) global government debt is increasing exponentially
3) 0% interest rates are allowing governments to borrow more to pay off old loans and fund deficits
4) Global growth is declining despite money printing and bailouts And, we've saved the latest and greatest fact for last: as stunning as 0% interest rates sound, the mathematically-challenged-fantasyland called Europe has just one upped everyone by introducing NEGATIVE INTEREST RATES.
Why There Will Never Be A CapEx Recovery
Submitted by Tyler Durden on 05/03/2015 - 09:50 Unfortuantely, until three things change dramatically, there will never be a capex boom, corporate revenues will keep declining, and companies will continue artificially inflating their stock prices by diverting every last profitable dollar into instant gratification for "activist" shareholders (and option-compensated management) instead of investing into long-term growth.
China's True Gold Holdings To Remain A Secret After All
Submitted by Tyler Durden on 05/03/2015 - 08:44 QUESTIONER: Just a few questions about other countries. A quick clarification on SDR, in January the managing director mentioned there would be an informal board briefing in May. Is that still happening, or has it been pushed back?MR. RICE: .... the board meeting has been deferred because the work is underway and we'll let you know as soon as that board meeting is scheduled again....
Paul Craig Roberts: "Insanity Grips The Western World"
Submitted by Tyler Durden on 05/02/2015 - 23:30 There is little sign that Washington and its vassals care about life on Earth.
from The Burning Platform:
It is with great excitement that I introduce the world’s first SDR
based financial product which is available to the average retail
investor. The SDR Futures Account, or SDRF, functions outside of the
systems of the global institutions and central banks, but is based on
the framework and diversification of the SDR.
Over the last few months Matt McBride and I have been working on a method by which the average investor could protect their wealth during the multilateral transition which is taking place. The concept was to base a method of wealth preservation on the same principles of diversification which the central banks and international institutions are planning on using themselves.
Read More @ TheBurningPlatform.com
It is with great excitement that I introduce the world’s first SDR
based financial product which is available to the average retail
investor. The SDR Futures Account, or SDRF, functions outside of the
systems of the global institutions and central banks, but is based on
the framework and diversification of the SDR.Over the last few months Matt McBride and I have been working on a method by which the average investor could protect their wealth during the multilateral transition which is taking place. The concept was to base a method of wealth preservation on the same principles of diversification which the central banks and international institutions are planning on using themselves.
Read More @ TheBurningPlatform.com
Keeping our Eyes on the Prize
from The Wealth Watchman:
I remember very well, where I was on this day, 4 years ago. I was
flying high throughout the entire month of April. I’d just started a new
job, but on May 1st, 2011, like many of you, I was glued to the
computer screen all day long, with a gut-wrenching feeling in the pit of
my stomach. Because, today, 4 years ago…..Blythe Masters and Jamie
Dimon, along with various agents of the US government, began a carpet
bombing of silver that lasted nearly a whole business week. Instead of
having a pathetic pity party today though, I’m going to do something veeeeeery different!
I’m going to give you a “Silver SitRep” in the struggle we’re in, from a bird’s eye view. I want to draw attention to what you and I are up against, in order to acquire our silver. What we face in getting our silver, is getting more difficult by the day. By the way, I’m not talking about the banks making it more difficult, but other, very different factors. You see, I’m convinced we’re closer than ever to the end of Bretton Woods II, and the Great Reset, and I say that because of silver. Silver is my main barometer.
Read More…
from The Wealth Watchman:
I remember very well, where I was on this day, 4 years ago. I was
flying high throughout the entire month of April. I’d just started a new
job, but on May 1st, 2011, like many of you, I was glued to the
computer screen all day long, with a gut-wrenching feeling in the pit of
my stomach. Because, today, 4 years ago…..Blythe Masters and Jamie
Dimon, along with various agents of the US government, began a carpet
bombing of silver that lasted nearly a whole business week. Instead of
having a pathetic pity party today though, I’m going to do something veeeeeery different!I’m going to give you a “Silver SitRep” in the struggle we’re in, from a bird’s eye view. I want to draw attention to what you and I are up against, in order to acquire our silver. What we face in getting our silver, is getting more difficult by the day. By the way, I’m not talking about the banks making it more difficult, but other, very different factors. You see, I’m convinced we’re closer than ever to the end of Bretton Woods II, and the Great Reset, and I say that because of silver. Silver is my main barometer.
Read More…
from Washington’s Blog:
On April 30th, Jonathan Cohn at Huffington Post provided a perfect
example of what the media get wrong about the meaning of “socialism” —
and about the meaning of the new U.S. Presidential candidate, Bernie
Sanders.
Cohn’s report was aptly titled, “Bernie Sanders Is A Socialist And That’s Not As Crazy As It Sounds”; and, indeed, he started right away with an assumption that socialism is crazy but “not as crazy as it sounds.”
Cohn said that “Socialism, as commonly understood by Americans, means widespread government ownership of business,” but Cohn said that, “that’s not the agenda Sanders has actually been promoting.”
Read More @ WashingtonsBlog.com
On April 30th, Jonathan Cohn at Huffington Post provided a perfect
example of what the media get wrong about the meaning of “socialism” —
and about the meaning of the new U.S. Presidential candidate, Bernie
Sanders. Cohn’s report was aptly titled, “Bernie Sanders Is A Socialist And That’s Not As Crazy As It Sounds”; and, indeed, he started right away with an assumption that socialism is crazy but “not as crazy as it sounds.”
Cohn said that “Socialism, as commonly understood by Americans, means widespread government ownership of business,” but Cohn said that, “that’s not the agenda Sanders has actually been promoting.”
Read More @ WashingtonsBlog.com
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