The Re-Enserfment Of Western Peoples

The re-enserfment of Western peoples is taking place on several levels...

The Courage To Print Money

Does it really take courage for unelected economic bureaucrats to print up trillions of dollars of taxpayers’ money in order to bail out Wall Street banks? I’m sure it will certainly take courage if the taxpayer finally wakes up to the ruse before it fails. And sooner or later, every ruse does fail, even when run by the world’s most powerful cartel.
 

Shares Of World's Largest Miner Plunge To Seven-Year Low After Massive Toxic Mudslide Engulfs Brazilian Village

Krugman Doesn't Understand Why "Darkness Is Spreading Over Part Of Our Society"

"...middle-aged whites have lost the narrative of their lives. ... while universal health care, higher minimum wages, aid to education, and so on would do a lot to help Americans in trouble, I’m not sure whether they’re enough to cure existential despair."

When You're Popular, You Don't Need Freedom of Speech

Free speech is not something that people would normally see as a realm of economics, but in many ways, an economic understanding of the support and opposition to free speech can shed a lot of light on what’s happening now in the West.

Sickening Images Of China Plagued By "Extremely Hazardous" Record Smog As Winter Heating Season Arrives

The Russian Question - How The War Party Has Demonized Putin & Co

Are we in for another nuclear standoff with the Kremlin?

As Q3 Earnings Season Winds Down, A Summary Of Where We Stand And The 4 Main Themes From Conference Calls

With the third quarter earnings season almost over, and 90% of companies having reported, here is a quick look at where we stand and what has emerged as the 4 main themes during earnings calls.

About That Surge In Retail & Construction Jobs

As one witty observer noted over the weekend, "no one with an IQ greater than their shoe size, save corrupt, captured American economists, buys the fake October unemployment report," and while we agreed with the pretext of his thesis, we thought a quick sanity check on the sudden surges in Retail employment and Construction jobs and wage growth would help clarify a few things for those who 'believe' in miracles. As the following two simple charts show, we have seen this odious pattern of mal-investment, mis-allocation, and erroneous executuve extrapolation before... and it did not end well.

University Of Missouri President Resigns After Claims He "Enabled A Culture Of Racism"

For months, black student groups have complained of racial slurs and other slights on the overwhelmingly white (79% white and 8% black) flagship campus of the Missouri's four-college system. Today, amid a campus in open revolt and at least 30 black football players announcing that they would not play until the president was gone, AP reports that Mizzou President Tim Wolfe has resigned effective immediately urging students and faculty "to heal and start talking again to make the changes necessary." Protestors demanded that Wolfe "acknowledge his white male privilege," that he is immediately removed, and that the school adopt a mandatory racial-awareness program and hire more black faculty and staff.

Obama's Trade Deal Will Bankrupt Canada's Farming Industry "Overnight", Expert Says

"Overnight if we were to eliminate tariffs on imports, we would likely see the dairy sector in Canada, and perhaps the poultry and egg sectors, collapse overnight."

Ron Paul: Does The Bell Toll For The Fed?

The failure of the Fed’s policies of massive money creation, corporate bailouts, and quantitative easing to produce economic growth is a sign that the fiat money system’s day of reckoning is near. The only way to prevent the monetary system’s inevitable crash from causing a major economic crisis is the restoration of a free-market monetary policy.

Venezuela Default Countdown Begins: After Selling Billions In Gold, Caracas Raids $467 Million In IMF Reserves

While ridiculous, Venezuela's decision to liquidate some of its gold is perhaps understandable under the circumstances: Venezulea relies on crude oil for 95% of its export revenue, and with prices refusing to rebound, the only question is when do all those CDS which price in a Venezuela default finally get paid. What is even more understandable is what Venezuela should have done in the first place before dumping a fifth of its gold, but got to do eventually, namely raiding all of the IMF capital held under its name in a special SDR reserve account.

EM Exodus: Emerging Economies See Half Trillion In Capital Flight

"On our estimates $360bn of capital left China during the previous two quarters and an additional $210bn left from the rest of EM." That folks, is what you call an exodus...

How Many Government Workers Does It Take To Send A "Presidential" Tweet?

20...!

Three Trains Derail Just Days After Buffett's BNSF Beats Back Railroad Regulations

Last week, under pressure from companies including Buffett’s BNSF - which has spent more money lobbying Congress this year than any other railroad - U.S. legislators passed, and President Obama signed, a law that delays the so-called positive train control mandate. That means railroad operators can put off having to buy and install equipment that safety advocates say would have prevented accidents that have claimed more than 245 lives and caused over 4,200 injuries since the NTSB began calling for the technology in 1969.

'Rate-Hike-Loving' Investors Suddenly Dump Stocks, Commodities As Growth Reality Sinks In

The End Of The Fed's Self-Deluding Feedback Loop Of False Information

The world is bankrupt after thirty years of borrowing from the future to throw a party in the present, and the authorities can’t acknowledge that. But they can provide the conditions for disguising it, especially in the statistical hall of mirrors that once-upon-a-time produced meaningful signals for the movement of capital. The Dow, the S&P, and the NASDAQ are the only signaling mechanisms that the legacy media pays attention to, and the politicos take their cues from them, in a feedback loop of false information that begets more delusional positive psychology in those same markets.

US To Send "Thousands" Of Troops, Attack Helicopters, Artillery, To Europe To "Deter Russia"

“Nobody wants to go back to the days of the Cold War ... but the concept of contingency forces … that is exactly what we should be doing.”

Artist's Impression Of America's Unbiased Political Media

"What difference does it make?"

Keynesian-Constructed 'Markets' Will "Drift Ever Further From Reality... Impoverishing All Layers Of Society"

Today’s system is essentially a system that can drift ever further away from reality through temporal discoordination, resource misallocation and eventually capital consumption. The final coordinating mechanism is nothing less than economic recession. Without them society would regress, impoverishing first the poor, then the middle class and in the end all socioeconomic layers of society.

THE MOST DIRE PREDICTION OF ALL, REVISITED – FAR DIRER THAN EVER

by Andy Hoffman, Miles Franklin:
Before I get started with today’s all-important topic, let’s discuss the lunacy of what I long ago deemed the “world’s worst government” – of the banana republic of…drum roll please…India.
Two years ago, with the Rupee at an all-time low of 67/dollar, India’s “Congress” political party instituted 10% gold and silver import tariffs; in an effort to, LOL, “reduce the nation’s trade deficit” – as if gold and silver are “trade goods,” as opposed to, plain and simple, money.  Unquestionably, the tariffs had an immediate, negative impact on Precious Metal imports.  That is, until a massive “black market” developed – particularly in gold.  Sadly, the Indian trade deficit has remained sharply negative, as the nation’s putrid economy has continued to worsen.  To the point, I might add, that this year, the Reserve Bank of India has been aggressively, “unexpectedly” cutting interest rates.
Read More…

France Targets Syrian Infrastructure

Economic warfare against the people of Syria
by Kurt Nimmo, Infowars:
On Sunday France announced it had bombed an oil supply center held by ISIS near Deir Ezzor in Syria.
“We intervened in Syria… yesterday evening with a strike on an oil supply center near Deir Ezzor on the border between Iraq and Syria,” French Defense Minister Jean-Yves Le Drian said on Monday.
The Syrian Army, backed up Russian airstrikes, have made significant progress taking back the Deir Ezzor province from the Islamic State and al-Nusra. The city of Deir Ezzor is Syria’s sixth-largest city and the country’s oil capital. Destroying oil infrastructure there will seriously cripple the Syrian economy and the government’s war against U.S. and Gulf Emirate backed mercenaries.
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Sacramento Water Utility Hid Carcinogens in Drinking Water

by Julie Fidler, Natural Society:

In 2013 and 2014, Sacramento residents were exposed to a carcinogenic chemical in their drinking water called aluminum chlorohydrate, a local news network has reports.
During those 2 years, Sacramento tested aluminum chlorohydrate (ACH) at its main water treatment plant and according to ABC10, red flags went up almost immediately, but the city didn’t warn locals or take action for a year.
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Oh Look At The LIE!

by Karl Denninger, Market-Ticker:

I’ll just get right to the lie up front:
On average, the Android apps they tested shared “potentially sensitive” data to 3.1 third-party domains, while iOS apps connected to 2.6 third-party domains.
Here are the kinds of sharing that happen:
Name and e-mail address – each shared by 73 per cent of Android apps tested, compared to 16 per cent of iOS apps.
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AMZN Is The Stock Market Bubble Poster Child

by Dave Kranzler, Investment Research Dynamics:

Don’t take it from me, this is a comment that was emailed to me this weekend:
Druckenmiller thinks AMZN can raise prices anytime it wants. But its entire business model is based on price as a competitive advantage. The service is quick delivery, easy order. Well most of hte big companies have easy order on the web. Also easy delivery if you are willing to pay for it. So what’s the competitive advantage? AMZN has just about everything?
I use Amazon less now that they have to charge sales tax of 7% where I am and 10% in Chicago/Cook County. As we have discussed Amazon is losing that advantage.
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A Warmonger’s Guide to Militarism and Imperialism

by Gerald Celente, Lew Rockwell:

When Arkansas Senator Tom Cotton was an undergraduate at Harvard he took time out to become a “Publius Fellow” at the “Straussian” neocon Pentagon propaganda mill known as the Claremont Institute in Claremont, California. After graduating he returned to Claremont Graduate School to pursue graduate studies in “government” under the tutelage of the “Straussians” there, but dropped out to pursue a law degree instead. He then joined the U.S. Army, eventually going to Iraq to kill Muslims. All of this is why he is a darling of the most crazed neocons, especially Bill Kristol and his ilk. Since these crazed warmongers, who are now trying to start wars with Russia and China, control the Republican Party, they saw to it that the young Tom Cotton was elected to the U.S. Senate from The Land of Bill Clinton — Arkansas.
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The 20 small cities struggling the most in the U.S. based on economics, education, quality of life, and affordability

All of the cities are in California.
from MyBudget360.com:

It is hard to quantify what makes a city great or bad.  Simply having a higher income is not enough to separate an area from another city if the cost of living is outrageous.  There have been attempts to use cost of living adjustments but the attempt to rank cities has been paltry.  Most of the rankings looked at larger areas but failed to look at smaller cities where a large portion of our population lives.  A recent report actually made the effort to rank small cities based on four key metrics.  The first item looks at economics.  The next metric looks at education and health.  The third metric looks at quality of life which includes things like commute time.  Finally, affordability is looked at since housing prices have outpaced income gains in many areas of the U.S.  It should comes as no surprise that 20 of the lowest performing cities that popped up on the list are in California.
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