Sep 23 12:15

Global Divestment Movement ‘Catches Fire’ with $2.6 Trillion in Assets Shifted

Demand for fossil-free investment products is increasing numbers of individual and institutional investors move their money away from the dirty energy system driving the climate crisis

Sep 23 11:55

Anonymous Launches ‘Black October’ Campaign Against US Banking System

Right on the heels of the Occupy Wall Street movement’s four year anniversary, activist group Anonymous has launched a new campaign which they say outlines an “easy” way for the 99% to demonstrate their strength and overcome the richest 1%.

Sep 23 11:47

Los Angeles declares ‘state of emergency’ over homelessness crisis

Officials in Los Angeles, California, have declared a “state of emergency” over the rising problem of homelessness and poverty in the second largest city in the United States.

Sep 23 11:20

Disaster Capitalism: Outsourcing Violence and Exploitation

In essence, predatory corporations (which usually keep a low profile) are financed by government money (that is, your taxes), supported by tax concessions and insulated from genuine accountability, political criticism and media scrutiny while being given enormous power to provide the infrastructure and labor to conduct a function, domestically or internationally, which has previously been performed by a government or international organization. If this happens at the expense of a nation truly exercising its independence, then too bad.

Sep 23 11:19

The New Shackle of Serfdom: Clinging to Healthcare Insurance

One of the more remarkable characteristics of American life is our passive acceptance of systems that are so obviously completely insane. Yes, I refer to our healthcare system, a.k.a. sickcare because in America sickness is profitable and health is not, and healthcare profiteering that would be the envy of pirates and warlords everywhere is the norm.

Sep 23 10:03

What is going on with the NIKKEI?????

Webmaster's Commentary: 

There have been no updates to the Nikkei on our stock ticker devices since last FRIDAY! According to this report, the Nikkei is falling. Yesterday's close was 17527.5 . One possible reason for not reporting a drop of almost 1000 since Friday is so that European and American investors stay in their respective markets.

Sep 23 09:54

Keiser Report: British vs American Sex & Economic Scandals

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the role of #PigGate on national and economic security.

Sep 23 09:25

The Clock Is Ticking On The U.S. Dollar As World's Reserve Currency

The ultimate irony for this generation of investors is that, despite the occasional obligatory chant about ‘free markets’ and the wonders of capitalism, most of the day is spent obsessing about what the world’s most important central planner will do next. By Supreme Central Planner, I mean, the Fed.

Sep 23 09:23

In New York City, Workers With Full Time Jobs Are Living In Homeless Shelters

One of the main data points that pundits and politicians who claim there is an “economy recovery” point to is jobs created. Please tell me, what good is a job if it can’t earn you a roof over your head?

Sep 23 09:16

Who Wants a Third World War?

What Washington really craves is some form of coercion that would lead Beijing to open its coveted financial market to the mega-speculative financial casino of the US Big Bank system. That is not happening - as the White House has absolutely no leverage on the matter.

Sep 23 08:51

Has Volkswagen Smashed Its Brand Promise Beyond Repair?

To car buyers looking for the sweet spot between performance and clean energy, Volkswagen's diesel line almost seemed too good to be true.

And sadly, it was.

Webmaster's Commentary: 


Sep 23 08:36

Drug CEO Will Lower Price of Daraprim After Hike Sparked Outrage

The pharmaceutical company boss under fire for increasing the price of the drug Daraprim by more than 5,000 percent said Tuesday he will lower the cost of the life-saving medication.

Martin Shkreli did not say what the new price would be, but expected a determination to be made over the next few weeks.

He told NBC News that the decision to lower the price was a reaction to outrage over the increase in the price of the drug from $13.50 to $750 per pill.

Sep 23 08:25

Volkswagen chief executive Martin Winterkorn resigns

The CEO of Volkswagen AG Martin WInterkorn has resigned over the emissions scandal.

“I am shocked by the events of the past few days. Above all, I am stunned that misconduct on such a scale was possible in the Volkswagen Group,” WInterkorn said in a statement.

Sep 23 08:10

Time for the Nuclear Option: Raining Money on Main Street

Predictions are that we will soon be seeing the “nuclear option” — central bank-created money injected directly into the real economy. All other options having failed, governments will be reduced to issuing money outright to cover budget deficits. So warns a September 18 article on ZeroHedge titled “It Begins: Australia’s Largest Investment Bank Just Said ‘Helicopter Money’ is 12-18 Months Away.”

Money reformers will say it’s about time. Virtually all money today is created as bank debt, but people can no longer take on more debt. The money supply has shrunk along with people’s ability to borrow new money into existence. Quantitative easing (QE) attempts to re-inflate the money supply by giving money to banks to create more debt, but that policy has failed. It’s time to try dropping some debt-free money on Main Street.

Webmaster's Commentary: 

Zero out all debt. That will restart the system.

Sep 23 08:05

How to Break Up Your Bad Marriage with the Federal Reserve Before It’s Too Late

After the president of the United States, the most powerful person on the planet is the chairman of the Federal Reserve.

Ask almost anyone on the street for the name of the U.S. president, and you’ll get a quick answer.

But if you ask the same person what the Federal Reserve is, you’ll likely get a blank stare.

They don’t know - partly due to the institution’s deliberately obscure name - that the Fed is really the third iteration of the country’s central bank. Or that the Fed manipulates the nation’s economic destiny by controlling the money supply.

And that’s just how the Fed likes it. They’d prefer Boobus americanus not understand the king-like power they wield.

Sep 23 08:03

War on Cash, Bank of England Planning Hyper QE, Scrapping Cash for Digital Currency

The Bank of England announces its latest cunning plan in its ongoing 'War on Cash' under the cover of Europe's refugee crisis that is witnessing Eastern European hypocrisy, such as that of Hungary forgetting its own past of sending hundreds of thousands of refugees westwards for over 60 years, and the most recent wave of 1 million or so of economic migrants many of whom receive in work benefits such as tax credits, nevertheless balk at the thought of giving refuge to a single refugee and instead have mobilised their crack troops against defenseless men, women and children.

Sep 23 07:34

Bubble Bubble Where is the Bubble

Sep 23 06:28

The Worst Part Is Central Bankers Know Exactly What They Are Doing

By Brandon Smith

The best position for a tyrant or tyrants to be in, at least while consolidating power, is tyranny by proxy. That is to say, the most dangerous tyrants are those the people do not recognize: the tyrants who hide behind scarecrows and puppets and faceless organizations. The worst position for the common citizen to be in is a false sense of security and understanding, operating on the assumption that tyrants do not exist or that potential tyrants are really just greedy fools acting independently from one another.

Sadly, there are a great many people today who hold naïve notions that our sociopolitical dynamic is driven by random chaos, greed and fear. I’m sorry to say that this is simply not so, and anyone who believes such nonsense is doomed to be victimized by the tides of history over and over again...

Sep 22 15:18

Analysts warn of "another crash" as FTSE hits lowest level since Black Monday

Almost £44bn was wiped off Britain’s leading companies in a torrid trading session which saw the mining heavy FTSE sink to its lowest level since "Black Monday", as analysts warned another “crash” in global markets is possible.

In its biggest fall since September 1, the blue chip index slumped 172.87 points, or 2.83pc, to 5,935.84, just 37 points shy of where it closed on August 24, as the rout in commodity prices continued to drag mining stocks lower.

Despite racing to an all time record high of 7,104 in April, the FTSE 100 has steadily lost ground, and is now down 16.4pc, rocked by concerns over an economic slowdown in China.

Joshua Mahony, of IG, warned: “There is a distinct possibility of yet another crash in financial markets.”

Sep 22 15:11

Osborne’s austerity agenda fails to reduce deficit, ONS figures show

UK government borrowing increased in August, despite Chancellor George Osborne’s repeated promises that austerity is the most viable means of reducing the state’s deficit.

In the face of scathing criticism, Osborne has consistently claimed the government’s austerity policies are necessary to keep the deficit in order. However, doubt over the credibility of his claims surfaced on Tuesday, after new figures showed a clear rise in public borrowing for August 2015.

Sep 22 15:10

Here's A Chart For Social Security Cash Flow

Sep 22 14:34

Paul Craig Roberts Weak US Economy

Sep 22 14:32

Soaring Rents; No Stop to the Climb

Sep 22 14:32

Syriza’s Tsipras and Independent Greeks finalise new austerity coalition

Following Syriza’s victory in the Greek elections Sunday, party leader Alexis Tsipras was sworn in as prime minister Monday evening.

The final tally showed Syriza winning 35.47 percent of the vote and 145 seats, with the conservative New Democracy in second place with 28.09 percent and 75 seats. Syriza will have four fewer seats in the new parliament, while New Democracy has lost one.

Sep 22 14:27

Today's Groupon offer to its sacked employees: 100% off your salary

Online deals website Groupon will lay off 1,100 employees and shut down part of its international operations. The biz employs more than 10,000 people worldwide.

In a filing with US financial watchdog the SEC, Groupon said it will cut the positions over the next year with the redundancy round wrapping up by the end of September 2016.

A follow-up blog post by Groupon explained that the layoffs were largely going to be made internationally in its customer service and Deal Factory operations.

Additionally, Groupon is planning to close offices in Morocco, Panama, The Philippines, Puerto Rico, Taiwan, Thailand, and Uruguay.

Sep 22 13:44

Wall Street investors buying up farmland

Sep 22 13:30

Layoffs Are Coming to ESPN

Sep 22 12:42

Failure to develop green economy could cost UK firms billions – CBI

Britain’s most senior business voice has condemned the government’s lackluster attempt to build a green economy, warning UK firms are set to lose hundreds of billions of pounds if ministers don’t radically reassess their agenda.

Sep 22 10:25

Deflation: It's Been A Stealth Move

Sep 22 09:47

Kurt Cobb: Money Cannot Manufacture Resources

Sep 22 09:44

Oil price rebounds as Opec forces US drillers to cut back

Only 644 oil rigs are actively operating onshore in the US, down 57pc from the end of December as drillers cut back in response to oil prices sinking below $50 per barrel.

Analysts are now concerned that the pace of rig shutdowns in the US could accelerate after operators resisted the need to cut back in the hope that prices would return to higher levels.

Sep 22 09:42

FTSE 100 hits its lowest level since 'Black Monday'

Britain’s benchmark index has hit its lowest level since “Black Monday” on August 24 in intraday trade.

More than £36bn has been wiped off the value of Britain’s leading companies, as the FTSE 100 faltered, plunging 2.3pc to 5,966.20 after midday.

The latest sell off means the blue chip index has now fallen by 16pc since hitting a high of 7,104 in April.

Sep 22 09:23

UK government faces wildest shortfall in funding since 2012

The Conservative government of UK has experienced its wildest shortfall in funding since 2012.

Sep 22 09:12

UK budget deficit widens unexpectedly, factory orders fall

Britain's public finances deteriorated unexpectedly last month, recording their worst August in three years, and a decline in industrial orders signalled that a global slowdown is hitting the country's economy.

Sep 22 07:21

Fed Cred Dead

T he 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 22 07:18

And it's gone

Sep 22 07:17

Merchant Banker - Monty Python's The Flying Circus

Sep 22 07:03

Refugees, Bogus Financial System, Nuclear War - Sheikh Imran Hosein

Now the Refugees Are just A Trickle - the flood has still to come - All due To An Unjust System

Sep 22 06:52

The truth about Carly Fiorina’s CEO experience: “She likes to brag but in fact left a trail of disaster”

During the second GOP debate, Donald Trump called Carly Fiorina the worst CEO of all time, citing Jeffrey Sonnenfeld whom Trump called the “top man” at Yale. Sonnefeld — who is actually a Senior Associate Dean of Leadership Studies, and Lester Crown Professor at Yale School of Management — agreed that Fiorina’s record proves she should never run another company.

The decision to hire Fiorina as CEO was a misinformed one, made by what Sonnenfeld calls a “dysfunctional” HP board committee and under Fiorina’s leadership the company’s value decreased by 55 percent, he said.

“If HP was worth a dollar, it was worth 50 cents after she left,” Sonnenfeld said. “In actual nominal dollars it could be around 60 billion dollars that she destroyed in value in her five years.

Sep 22 06:51

"She likes to brag but in fact left a trail of disaster": financial expert on Fiorina's time at HP

Sep 22 06:50

Gold: The End and The Beginning

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"