Sep 22 06:06

Forget Gold: This Precious Metal Will Skyrocket Within Two Years: “There Will Be A Supply Shock”

With everyone focused on gold as investment vehicle, many have ignored a metal that is 20 times rarer. Platinum, a precious metal critical for a number of global industries, continues to see depressed prices, so much so that today it is actually trading for less than the price of gold.

According to some analysts, the supply crunch is such that over the next two years we could realistically see this metal skyrocket to $3000 per ounce.

(read more)

Sep 21 21:43

3 Means of Waging Personal Financial Revolution Against the Banksters

Waking Times

The world is enslaved to an economic system designed to create tremendous power and wealth for those who own the system, while forcing the rest of us into mathematically insurmountable debt and the stagnation, austerity and poverty that comes with it.

Sep 21 19:34

Suicide case directly linked to Tory benefit sanctions, coroner rules

A man with severe depression killed himself as a direct result of being found “fit to work” by the government and subsequently having his benefits removed, a coroner has ruled in a landmark decision.

Michael O’Sullivan, 60, was found able to work by outsourced government assessors despite a note from his GP notifying them of his recurrent depression.

Sep 21 18:53

Damage limitation? City bankers seek to charm anti-austerity Corbyn

City financiers are hatching plans to influence Jeremy Corbyn’s economic policies, as the anti-austerity Labour leader settles into his new role.

A string of policy briefings and one-to-one meetings with senior financiers are on the table, as Corbyn, newly-appointed shadow chancellor John McDonnell and shadow business minister Angela Eagle prepare to realign Labour’s policy compass.

Sep 21 18:48

The Mystery Of The "Missing Inflation" Solved, And Why The US Housing Crisis Is About To Get Much Worse

But a bigger problem for the the Fed's measures of how the overall economy is doing (and/or overheating) is that the Fed telling the vast majority of Americans that inflation is negligible, leads to riotous laughter.

The reason for this is a simple, if dramatic, one: the U.S. transformation from a homeownership society, to one of renters.

Sep 21 18:43

RAW VIDEO: Thousands Line Up For Section 8 Housing In Norwalk

Thousands of people lined up Monday morning for the chance to apply for low-cost, government-subsidized housing in the city of Norwalk.

Officials with the City of Norwalk Housing Authority began handing out applications at 8 a.m. at the Norwalk Arts and Sports Complex at 13200 Clarkdale Avenue.

Roughly 3,000 applications for the Section 8 Housing Choice Voucher (HCV) Program waiting list were scheduled to be distributed through Sept. 24 or until all applications were handed out, city officials said.

Sep 21 16:54

Entrepreneur defends decision to raise price of life-saving drug 50-fold

An entrepreneur who acquired the rights to produce a life-saving drug then increased its price more than 50-fold overnight is defending his decision with assertions that the profits will help create better medicines in future.

Medical organizations protested loudly on Sunday after a company owned by controversial former hedge fund manager Martin Shkreli raised the price of the drug Daraprim, which treats a dangerous parasitic infection, from $13.50 per pill to $750 per pill.

Sep 21 16:54

We Have Entered A Season Of Time When Another “Lehman Brothers Moment” May Occur, A Major Financial Event In Germany Could Be Imminent

Is something about to happen in Germany that will shake the entire world?

Sep 21 13:36

Business As Usual Triumphs in Greek Election

It’s all over but the postmortems. Western bankers, large investors and other corporate interests triumphed on Sunday as expected - over fairness, equity and justice.

Greece remains Troika occupied territory, its sovereignty and soul lost, its people assured of greater suffering than already, its economy strip-mined for profit, its deplorable status the future of Europe and America, headed toward becoming thirdworldized ruler-serf societies unfit to live in.

Sep 21 12:35

Russia Is Going To Pass A Law Formally Dumping The U.S. Dollar

Russian President Vladimir Putin has introduced legislation that would deal a tremendous blow to the U.S. dollar.

If Putin gets his way, and he almost certainly will, the U.S. dollar will be eliminated from trade between nations that belong to the Commonwealth of Independent States.

In addition to Russia, that list of countries includes Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan and Uzbekistan.

Sep 21 11:54

Soros, Icahn and Major New Players Rushing Into the Gold Sector: “Things Are In The Works As We Speak”

The price of gold and silver is set to explode according to one of the most well known CEO’s in the precious metals mining space.

Keith Neumeyer, the CEO of one of the world’s lowest-cost primary silver producers, says that the negative headlines surrounding history’s most trusted monetary instruments will soon give way and the smart money, including the likes of George Soros and Carl Icahn, is taking massive positions ahead of the breakout.

Neumeyer, who has created two billion-dollar companies and recently founded the mineral bank investment firm First Mining Finance, argues that the fundamentals are simply too great to ignore.

Sep 21 11:47

Behavioral Finance and Investment Strategy

Sep 21 11:39

Battered Greek banks to flout Brussels new 'bail-in' rules

Greece’s battered banks are set to provide the first major test for the eurozone’s new “bail-in” rules as authorities race to avoid depositors footing a €15bn bill to get the country back on its feet.

With Greeks heading to the polls on Sunday, private sector creditors face uncertainty over whether they will be forced to suffer losses to keep the banking system afloat after months of economic turmoil.

Sep 21 10:49


Sep 21 09:36

Stock Market: This Is Not a Bottom

Sep 21 09:32

Report Reveals $8.5 Trillion Missing From Pentagon Budget

The Daily Ticker quoting a Reuters investigation that reveals that $8.5 trillion – that’s trillion with a “T” – in taxpayer money doled out by Congress to the Pentagon since 1996 that has never been accounted for.

You read that right. While Republican politicians rush to slash food stamps for the 47 million Americans living in poverty – the highest amount in nearly two decades – Republican U.S. Secretary of Defense Chuck Hagel has the audacity to complain that $20 billion dollars in automatic sequester cuts to the massive and secretive $565.8 billion Defense Department budget are “ too steep, too deep, and too abrupt,” all while the Pentagon and the Defense Department are overseeing massive fraud, waste, and abuse.

Sep 21 09:32

The Reason JFK was Murdered Will Never Go Away: He Tried to Stop the Debt-based Money System. You Decide.

Don’t you think it’s sad that so many people suffer from poverty, homelessness, unemployment, addiction and socioeconomic disadvantage in general? What about the fact that the majority of us haven’t found real peace in life because we’re all fighting to survive in a world which actually has more than enough resources for everybody? We find it sad, especially because all of these issues are either created or amplified by the ‘economic’ and ‘social’ systems that we have designed for the people of earth.

Sep 21 08:46

Can Pope Francis clean up God’s bank?

Untraceable cash transfers and a culture of secrecy made the Vatican bank one of the world’s most notorious financial institutions. But Pope Francis’s attempts at reform are meeting ferocious resistance

Webmaster's Commentary: 


Sep 21 08:39

Volkswagen shares plunge on emissions rigging scandal

Volkswagen's CEO apologized but investors were not in a forgiving mood as the company's stock plunged almost 20 per cent Monday following revelations late last week that the automaker had rigged emissions tests for almost 500,000 diesel cars in the U.S.

Sep 21 08:29

FLASHBACK - President Kennedy, The FedAnd Executive Order 11110

With the stroke of a pen, Mr. Kennedy was on his way to putting the Federal Reserve Bank of New York out of business. If enough of these silver certificats were to come into circulation they would have eliminated the demand for Federal Reserve notes. This is because the silver certificates are backed by silver and the Federal Reserve notes are not backed by anything. Executive Order 11110 could have prevented the national debt from reaching its current level, because it would have given the gevernment the ability to repay its debt without going to the Federal Reserve and being charged interest in order to create the new money. Executive Order 11110 gave the U.S. the ability to create its own money backed by silver.

Sep 21 08:08

Platinum is 20x More Rare Than Gold

Sep 21 07:57

How our energy problem leads to a debt collapse problem

Usually, we don’t stop to think about how the whole economy works together. A major reason is that we have been lacking data to see long-term relationships. In this post, I show some longer-term time series relating to energy growth, GDP growth, and debt growth–going back to 1820 in some cases–that help us understand our situation better.

When examining these long-term time series, I come to the conclusion that what we are doing now is building debt to unsustainably high levels, thanks to today’s high cost of producing energy products. I doubt that this can be turned around. To do so would require immediate production of huge quantities of incredibly cheap energy products–that is oil at less than $20 per barrel in 2014$, and other energy products with comparably low cost structures.

Sep 21 07:17

Fed Cred Dead

The economy is a two-headed monster. One head is the trade in real goods and real services. The other head is the financialized traffic in swindles and frauds that surrounds banking. There is some deception and overlap about which is which. For instance so-called health care might be perceived as a real service. In fact, it’s a hostage racket, designed to victimize “patients” at their weakest, with a “protection” premium that easily runs to $12,000-a-year for a married couple, even when they aren’t sick, and vulnerable. Just see what happens if you go to an emergency room with an injury that requires six stitches. Next stop: re-po land.

Sep 21 07:09

Greece's new government and the Troika have to face the awful truth

"Greece is held prisoner in an ugly cage – the monetary system that is the euro"

Sep 21 07:04

Catalonia will be kicked out of the eurozone after independence vote, warns central bank governor

Spain's Catalan region will be automatically ejected from the eurozone and its banking system brought to collapse, if voters choose to back independence for the region this weekend, the country's central bank governor has warned.

Luis Maria Linde, head of the Bank of Spain, said the region would not be able keep the single currency and its position in the European Union as a whole would be under threat should it decide to break away from Spain.

"The exit from the euro is automatic, the exit from the European Union is implied," he said.

Sep 21 06:33

American capitalism: A disaster with no ‘moral center’

Interestingly, after the Rothschild pronouncements on “Inclusive Capitalism,” a particular hero of mine, Robert Reich penned a piece entitled, “What Happened to the Moral Center of American Capitalism?”

Sep 20 22:20

The Implosion of US Military Morale

WE are being set up for a major defeat and destruction!

By Jack D. Douglas

September 21, 2015

Col.David “Hack” Hackworth said decades ago that the Perfumed Princes of the Pentagon got control of the Army and other U.S. forces during the long Vietnam catastrophe, destroyed morale, lost the war, and kept moving up to the top to be the staff generals and admirals in the Pentagon. The scuttlebutt was always that they managed their way up by being ass-kissers.

I wonder what Hack would say about all the news these days about the Perfumed Princes at the top of the US military?

Sep 20 18:55

Ron Paul: The middle class is being wiped out

Sep 20 16:04

Bud Conrad: A Recession is Coming in 2016

Sep 20 15:48

My Enemy, Your Enemy, the Enemy of Mankind : Groundhog Day at the Fed

Every dictator knows that a continuous state of emergency is the best means to justify tyrannical policies. The trick is to keep the fictitious emergency from breeding so much paranoia that routine activities come to a halt. Many have discovered that its best to make the threat external, intangible and ultimately, unverifiable. In Orwell’s 1984 the preferred mantra was “We’ve always been at war with Eurasia,” even though everyone knew it wasn’t true. In its rate decision this week the Federal Reserve, adopted a similar approach and conjured up an external threat to maintain a policy that is becoming increasingly absurd.

Sep 20 15:41

War is the Health of the State

Our current monetary system is the root cause of many evils of today. Let’s take war, a topic we discussed in this article, as an example. Without a monetary system that creates currency out of thin air, most of the wars that we have had and still have would simply not be financeable. This system is controlled by a few, who change the rules to their own benefit. And as we have seen they use their privileges to finance wars and to bribe politicians.

Sep 20 12:45

Dangerous place for the S&P 500

Sep 20 10:25

Fed Opens Negative Interest Rate Pandora's Box: What Happens Next

As we already commented extensively, while the Fed's dovish non-hike was a violent surprise for the market, and has led to what may be the first thoroughly unanticipated (at least by the market) policy mistake by the Federal Reserve (judging by the market), the biggest news was the very symbolic, yet all too ominous, negative interest rate forecast in the Fed's projection materials by one FOMC member.

Sep 20 10:23

Greeks Without Choice in Sunday Election

“Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending”
? Nassim Nicholas Taleb

snip: “If God and his angels came down to produce a reform package for Greece, the Troika would have turned it down it down, because they were interested in humiliating us and demonstrating to the people of Spain and Ireland that if they vote in the way that the Troika doesn’t like, they will be crushed.”

The only uncertainty about Greece’s future is how much worse things will get than already. It’s hard imagining anything in prospect able to end its long nightmare.

The only solution is popular grassroots revolution. No sign of one exists. Business as usual continues.

Sep 20 09:52

Gold Repatriation From Federal Reserve Would Shatter US Economic Hegemony

Repatriation of foreign gold reserves from the Federal Reserve would undermine the geopolitical role of the US economy in the world.

The United States Federal Reserve Board building is shown behind security barriers in Washington
© REUTERS/ Gary Cameron/Files
Gold Repatriation From Federal Reserve Throws US Economy in Crisis
As the global economy is being engulfed in crisis, European countries are trying to repatriate their gold reserves from the US Federal Reserve to support their economies.

The largest gold reserve stored by the Fed belongs to Germany, at 674 tons. On the whole, the country holds nearly 3,500 tons of gold.

Sep 20 09:37

Yellen Is Trapped in the Worst Nightmare Ever

Sep 20 09:29


Many of the anti-Fed types, though far ahead of the average American when it comes to understanding the destruction which America's privately owned Rothschild Central Bank has and continues to inflict upon the economy, are still unable to articulate the "how" of the Fed's loan sharking, counterfeiting and market rigging operations. It is not enough for anti-Fed activists to have an instinctive revulsion to the Fed. To merely say to your average Boobus Americanus in the street, at your dinner table, or by the office water cooler: "the Fed prints money out of thin air" - confuses more than it enlightens.

Sep 20 08:36

Thomas Edison on Government Created Debt-Free Money

“It is absurd to say that our country can issue $30,000,000 in bonds and not $30,000,000 in currency. Both are promises to pay; but one promise fattens the usurer, and the other helps the people. If the currency issued by the Government were no good, then the bonds issued would be no good either. It is a terrible situation when the Government, to increase the national wealth, must go into debt and submit to ruinous interest charges at the hands of men who control the fictitious values of gold.

Sep 20 08:03

Japans sending high-ranking economic delegation to Iran

A high-ranking Japanese delegation consisting of the heads of the country’s major private companies will soon arrive in Iran's capital city, Tehran, to discuss expansion of bilateral economic relations.

According to a statement by the Trade Promotion Organization (TPO) of Iran on Sunday, the Japanese delegation will be headed by chairman of the Japan External Trade Organization (JETRO), Hiroyuki Ishige.

Sep 19 19:05

Negative interest rates could be necessary to protect UK economy, says Bank of England chief economist

The Bank of England may need to push its interest rates into negative territory to fight off the next recession, its chief economist has said.

Andy Haldane, one of the Bank’s nine interest rate setters, made the case for the "radical" option of supporting the economy with negative interest rates, and even suggested that cash could have to be abolished.

Sep 19 18:36

Beyond Zero Interest Rate Policy: How the Fed Can Stimulate the Economy

Robert Pollin says the Federal Reserve has the tools to promote credit expansion for productive investment and create jobs for 22 million people.

Sep 19 18:02

Watching The Death Of Cable TV

Sep 19 16:27

QE/Next Phase Goes Main Stream

Sep 19 13:56

THE FED & THE DOLLAR: Money for Nothing

Sep 19 13:14

This is exactly what the early phases of a market meltdown look like

There is so much confusion out there. On the days when the Dow goes down by several hundred points, lots of people pat me on the back and tell me that I “nailed” my call for the second half of this year. But on the days when the Dow goes up by several hundred points, I get lots of people contacting me and telling me that they are confused because they thought the stock market was supposed to go down.

Sep 19 12:03

Weekend Reading: Fed Rate Failure

Sep 19 11:45

Bitcoin is now officially a commodity

Sep 19 10:12

Moody's Downgrades France, Blames "Political Constraints", Sees No Material Reduction In Debt Burden

Citing "continuing weakness in the medium-term growth outlook," Moody's has downgraded France:

Sep 19 10:10

Three Reasons Why The U.S. Government Should Default On Its Debt Today

The overleveraging of the U.S. federal, state, and local governments, some corporations, and consumers is well known.

This has long been the case, and most people are bored by the topic. If debt is a problem, it has been manageable for so long that it no longer seems like a problem. U.S. government debt has become an abstraction; it has no more meaning to the average investor than the prospect of a comet smacking into the earth in the next hundred millennia.

Many financial commentators believe that debt doesn’t matter. We still hear ridiculous sound bites, like “We owe it to ourselves,” that trivialize the topic. Actually, some people owe it to other people. There will be big transfers of wealth depending on what happens. More exactly, since Americans don’t save anymore, that dishonest phrase about how we owe it to ourselves isn’t even true in a manner of speaking; we owe most of it to the Chinese and Japanese.

Sep 19 10:09

Interbank Credit Risk Soars To 3 Year Highs - Is This Why Janet Folded?

Last week we warned of the ominously rising risks evident under the surface in US financials. Following Yellen's decision to chicken-out yesterday, it appears interbank counterparty risk is even ominous-er. With bank stocks prices tumbling, catching down to credit market's concerns, the TED Spread - implicitly measuring interbank credit risk - jumped over 21% yesterday - to its highest in 3 years.

Sep 19 10:07

It Begins: Australia's Largest Investment Bank Just Said "Helicopter Money" Is 12-18 Months Away

Just over two years ago, when the world was deciding who would be Bernanke Fed Chair replacement, Larry Summers or Janet Yellen (how ironic that Larry Summers did not get the nod just because a bunch of progressive economists thought he would not be dovish enough) we wrote about a different problem: with the end of QE3 upcoming and with the inevitable failure of the economy to reignite (again), we warned that there remains one option after (when not if) QE fails to stimulate growth: helicopter money.

Sep 19 09:49

It's Time to Break Up the Banks

The greed, recklessness, and illegal behavior on Wall Street drove this country into the worst recession since the Great Depression. Their casino-style gambling has helped divert 99 percent of all new income to the top one percent. And it has contributed to the most unequal level of wealth and income distribution of any major country on earth.

In the midst of all of this grotesque inequality sits a handful of financial institutions that are still so large, the failure of any one would cause catastrophic risk to millions of Americans and send the world economy into crisis.

If it's too big to fail, it's too big to exist. That's the bottom line.

I introduced legislation in Congress that would break up banks that are too big to fail. Can you sign on as a citizen co-sponsor of my bill to show your support?

Sep 19 09:35

Once Again, Corporate Crimes Result in No Jail

I don’t understand how corporations can be held criminally liable yet no single person be held responsible. Federal prosecutors just struck a deal with GM for $900 in “criminal penalties” for GM's failure to disclose faulty ignition systems that may have contributed to the deaths of more than 100 people (a sum less than the $1.2 billion Toyota paid last year to settle similar claims over its reporting of unintended acceleration). Despite widespread reports of failures beginning in 2004, GM didn’t notify the government until February 2014.

So if this was a “criminal” act, as prosecutors say it was, why isn’t any GM executive going to jail? It’s a replay of the prosecutions of big Wall Street banks that resulted in no one jailed. The deal even violates new guidelines the Justice Department announced last week directing prosecutors to indict real humans when they pursue criminal charges against corporations.

Sep 19 09:08


Another day, another data point proving what anyone with two functioning braincells already knows.
That for most citizens, the U.S. economy is a neo-feudal Banana Republic oligarch hellhole. The facts are indisputable at this point, and the trend goes back decades when it comes to the American male. All the way back to 1973, in fact, just two years after the U.S. defaulted on gold and the economy started its grotesque transformation into a Wall Street controlled, financialized gulag.

Just yesterday, I highlighted some very depressing data from the Census in the post:

Census Data Proves It – There Was No Economic Recovery Unless You Were Already Rich

Now we learn the following, from the Wall Street Journal:

The typical man with a full-time job–the one at the statistical middle of the middle–earned $50,383 last year, the Census Bureau reported this week.

The typical man with a full-time job in 1973 earned $53,294, measured in 2014 dollars to adjust for inflation.

Webmaster's Commentary: 

The economic situation for many hard working Americans stinks to high heaven, and people understand that the economy has been manipulated by the government and the banksters for this to happen.

Their anger, at a system which has deliberately treated them as though they and their families, are thoroughly, and completely, expendable, is palpable, and how this will translate into election choices, both by the two parties (and the corporations which fund them), will be an interesting process to observe.