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Dilbert Creator Calls FBI Director A Hero... Here's Why
Europe's Bank Crisis Arrives In Germany: €29 Billion Bremen Landesbank On The Verge Of Failure
Measuring America - 30-Year-Olds: Then & Now
It's Time to Stop Saying – "But Cops Have A Dangerous Job"
"Maybe You Can Reverse Brexit" - Jamie Dimon Chimes In On How To Ignore The Voters
A Photographic "Day In The Life" Of A New York Fed Intern
The Thin Veneer Of Civilization That We All Take For Granted Is Evaporating All Over The Globe
Something Big Is Coming: Bernanke To "Secretly" Meet With Kuroda; "Helicopter Money" On The Agenda
WTF Headline Of The Day
This Is All That Was Left Of The Crashed Self-Driving Tesla
Mass Protests Planned Following Castile Shooting, As Minnesota Governor Blasts Cops
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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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.
Read More
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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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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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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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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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.
Read More
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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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.
Read More
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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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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