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Contrary to popular belief, most of our money today is not created by governments. It is created by private banks as loans. The private system of money creation has grown so powerful over the centuries that it has come to dominate governments globa
It's a question we suspect that a lot of people have wondered about: Are US equities doomed, merely because over the coming years, a growing wave of retirees will sell assets to pay for their retirements?
Host:
Ernest Hancock
Bob Prechter- president of Elliott Wave International, which publishes analysis of global stock, bond, currency, metals and energy markets / Terry Nelson - Customs & Border Protection Aviation/Marine Group Supervisor - Dept. of Homeland Security (Ret
According to Messrs. Immelt and Chenault, the President's Council analyzed actions that "are critical to accelerating job growth in high-potential sectors."
In Fact, misery, as measured in the unofficial Misery Index that simply totals the unemployment and inflation rates, is at a 28-year high, reflective of how weak the economic recovery has been and how far there is to go.
Pandora shares make spectacular plunge below IPO ... It didn't take long before Pandora went from music to investors' ears to the stock market's version of fingernails on a blackboard.
CONNECTING THE DOTS
For every dollar China exports to the USA, they must accept an equal dollar amount of American goods exported from the USA to China. (This will create the 20,000,000 jobs we lost to China)
John Papola and Russ Roberts create an OUTSTANDING video that just might have an 'educational side effect'... (Keynes gets SERVED)
Host:
Ernest Hancock
Bob Prechter- president of Elliott Wave International, which publishes analysis of global stock, bond, currency, metals and energy markets / Terry Nelson - Customs & Border Protection Aviation/Marine Group Supervisor - Dept. of Homeland Security (Ret
The International Monetary Fund cut its forecast for U.S. economic growth on Friday and warned Washington and debt-ridden European countries that they are "playing with fire" unless they take immediate steps to reduce their budget deficits.
deepening global depression
The US economy is literally on the ledge of a cliff.
Well-known Austrian economist Friedrich von Hayek wrote: "Emergencies” have always been the pretext on which the safeguards of individual liberty have eroded.
What we are now witnessing is the slow motion unraveling of America. Our economy is dying, the American people have lost faith in the government and in almost all of our other major institutions, and our society is collapsing.
Who is left to buy? Anyone who owns Treasury bonds has to ask themselves that question. Or maybe a better question is, "Who's stupid enough to buy?"
The global elite realize they must muzzle the alternative media and force the American people back into the corporate media propaganda circuit if they are going to dampen resistance to their plan to gain order of chaos through war...
Washington policymakers are doing everything they can to forestall rational economic adjustments. The Federal Reserve has conducted two rounds of quantitative easing in an effort to get consumers to start spending the wealth effects of...
CNBC reported that hedge fund manager Mark Spitznagel -- who runs a "black swan" fund called Universa -- told clients that the odds of a market crash were increasing.
Sadly, America’s zombie consumers could be more problematic for the US than the zombie corporates were for the Japanese economy. At 70 per cent of GDP, US personal consumption is 3.5 times the peak share of Japan’s bubble-distorted...
Our Armored, Militarized Occupiers - They're taught to reject the name of "peace officer." Article by Will Grigg. / The Paranoia of the US Government - I'm glad I voted with my feet and expatriated, says P. T. Freeman. / End the War on Milk - Real mi
As we predicted following yesterday's disastrous New York Fed, we get the second confirmation that the economy is now contracting, courtesy of the Philly Fed, which just printed at negative 7.7 on expectations of 7.0%.
Among the members of the class of 2010, just 56 percent had held at least one job by this spring, when the survey was conducted. That compares with 90 percent of graduates from the classes of 2006 and 2007.
Short of the Fed simply buying trillions of dollars in stocks outright, then it looks like this "recovery" rally is about to have a Wiley E. Coyote moment, as it has raced off the solid ground provided by the Fed's QE2 injections and is now poised...
Twenty-eight months after Congress passed President Obama’s signature economic stimulus law, and nearly one year after he declared the summer of 2010 to be “Recovery Summer,” 1.9 million fewer people are employed.
The Day of Reckoning for the West - When TBTF meets TBTK, says Gary North. Don't get caught between them. / Bank Runs, Price and Wage Controls, Social Unrest, Attacks on Business - Joe Salerno talks to Lew Rockwell about the monetary future.
Over the last decade, the share of U.S. national income taken home by workers has plummeted to a record low.
So if the government is going to be so brutal, what kind of message does that send to our young people?
The real action was in the Empire Manufacturing Index which plunged from 11.88, and forget about expectations of 12.00, printing at -7.79 in June. The contraction is now confirmed. This is the first contraction since November 2010 when QE2...
How many Senators does it take to dismantle a cryptographically secured, completely decentralized, Peer-to-Peer (P2P) network of voluntary, free market traders exchanging goods and services across six continents....
I’ve been scouring the internet for the last year and a half looking for a truly free banking system without any success.
