Sep 17 15:05

Banks Rig Treasury Market … And EVERY OTHER Market As Well

Bloomberg reports today:

The same analytical technique that uncovered cheating in currency markets and the Libor rates benchmark [details below] — resulting in about $20 billion of fines — suggests the dealers who control the U.S. Treasury market rigged bond auctions for years, according to a lawsuit.


The plaintiffs built their case against the 22 primary dealers who serve as the backbone of Treasury trading — including Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley — using data from Rosa Abrantes-Metz, an adjunct associate professor at New York University who has provided expert testimony in rigging cases.

Her conclusion: More than two-thirds of a certain type of Treasury auction appear to have been rigged. She found issues with other auctions, too.

Sep 17 15:02

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

Recently released data from the Census Bureau is nothing short of devastating to anyone who has been pushing the absurd meme of a strong U.S. economy.

There is simply no way one can look at this data and not conclude that the last seven years has been nothing more than an upward redistribution of wealth crafted by the Federal Reserve. As I’ve said many, many times before, central bankers should be tried for crimes against humanity for what they have done.

Sep 17 14:28

How WSJ is off by $18 Trillion on Sanders’ Proposals

Jerry Friedman, gfriedma at, @gfriedma, professor of economics at the University of Massachusetts at Amherst, Friedman’s work was cited by the Wall Street Journal about Bernie Sanders’ proposals for government spending. Friedman responds in “An Open Letter to the Wall Street Journal on Its Bernie Sanders Hit Piece,” which states: “It is said of economists that they know the cost of everything but the value of nothing. In the case of the article “Price Tag of Bernie Sanders’s Proposals: $18 Trillion,” this accusation is a better fit for the Wall Street Journal that published it.

Sep 17 14:19


Sep 17 13:50

U.S. jobs growth not making a dent in poverty

Sep 17 13:18

Yale professor on Carly Fiorina's business record: She 'destroyed half the wealth of her investors yet still earned almost $100 million'

"Donald Trump and I are in totally different businesses," said Fiorina. "He's in the entertainment business. And he's also in a privately held business. In the business I was in, we had to report our results publicly, as you well know, in excruciating detail, quarter after quarter after quarter."

She added, "If you file for bankruptcy four times, I think it suggests either lack of judgment or lack of discipline."

So far, no attacks on Trump have stuck. Maybe this one will stick. Maybe people will question Trump's business credentials.

But Fiorina better be careful because her biggest business achievement, CEO of Hewlett-Packard, is widely regarded as a disaster.

She has been frequently called out as one of the "worst" CEOs.

Sep 17 13:11

It’s Constitution Day: And yes… a pop quiz is in order!

Here, again, is our annual quiz on Constitution Day, which occurs every year on Sept. 17 and which could be called the U.S. government’s birthday. Spoiler alert, the first question was just answered ;)

Sep 17 11:52

All Economic Hell Is About To Break Loose

Sep 17 11:48

Deny Americans the Right to Know—'DARK' Act

a critical phase in the GMO labeling battle

Sep 17 11:21

Number Of Homeless Public School Students Hits Record High. Here's Who's Helping

Last year, 1.36 million public school students were homeless, according to data released by the Department of Education. That’s almost double the amount recorded in the 2006-2007 school year.

Sep 17 11:18

The Fed's Interest Rate Dilemma - Ron's Take

Sep 17 11:04

Dow briefly turns negative after Fed

Webmaster's Commentary: 


Sep 17 11:01

No Fed Rate Hike

Sep 17 10:48

Federal Reserve: QE to Infinity

Sep 17 10:05

Obama's Thermonuclear War Drive Has Been Stymied; But Only Obama's Removal from Power Can Assure Peace

President Barack Obama's drive to provoke a thermonuclear confrontation with Russia has been stymied through a series of war-avoidance moves that have fundamentally altered the global strategic landscape.

Sep 17 09:16

UK and EU Bank Depositor Bail-In Regime Implemented

Shares and stocks are tumbling around the world, with investors worried that the next global crisis has already begun. There is considerable uncertainty and nervousness amongst economists and trend forecasters. Government’s sooth jittery markets with misinformation in the hope that confidence does not evaporate and their legitimacy with it.

Sep 17 08:56

Outrageous Silver Speculation

Sep 17 08:56

Millions of Americans Who Avoid Banks Offer a Peek at the Underground Economy

snip: Last week, the Albuquerque Journal pointed out that over a third of households in the city either avoid banks entirely (the “unbanked”) or else keep a checking account but do much of their business through cash, check-cashing shops, pawn shops, money orders, and other “alternative financial products” (the “underbanked”).

A few weeks earlier, the Kansas City Star reported a similar local situation, with 12 percent of households and 45 percent of African-American families completely avoiding banks.

In both cities, the phenomenon is growing.

Sep 17 08:05

The Big Moment: Is the Fed Going to Do It?

Sep 17 06:58

Jim Grant - Fed Will Hike 25 Basis Points

Sep 17 06:39

"Total Failure": Pentagon Spends $41 Million Training "Four Or Five" Syrian Fighters

“Let’s not kid ourselves, that’s a joke. This is just a total failure.”

Sep 17 03:11

The Truly Stupid Case For More ZIRP

Sep 16 21:18

The Dirty Secret About Money that is Finally Being Exposed to the Masses

Waking Times

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 16 19:11

CENSUS: 46.7 Million In Poverty

Sep 16 17:27

A US petition calling for Netanyahu’s arrest

The advantage of an official White House petition is the promise of official recognition and response if the goal is met.

Benjamin Netanyahu is to hold talks in New york this September. Under international law he should be arrested for war crimes upon arrival in the U.S for the massacre of over 2000 civilians in 2014





There are still only 2800 or so signatures. Why the huge difference between us and the Brits? Are American activists so jaded or discouraged?

Sep 16 16:41

Poverty Is Still Winning the War on Poverty

The Census Bureau released its latest report on income and poverty today, and there were no big surprises.

Sep 16 15:47

Ted Butler: The Coming Silver Shortage

Sep 16 15:41

China Liquidated A Record $83 Billion In Treasurys In July

According to TIC, China, between its mainland and Euroclear holdings, sold a record $83 billion in Treasurys in the month of July. It also means that China has liquidated a whopping $184 billion notional in US Treasurys in 2015. Finally, and here it the punchline: the sale of ~$83 billion took place in July. This is before China announced its devaluation on August 11 and before, as we also first reported, it sold another $100 billion in Treasurys in August.

Sep 16 15:32

Cameron and Osborne quietly pay the £1.7BILLION bill from Brussels which they dismissed as 'totally unacceptable'

The Prime Minister said he was 'downright angry' and said the British public would find the 'vast sum 'totally unacceptable' when the EU revised membership contributions last October.

But the European Commission has revealed that Britain has now 'paid the amount due' with two instalments on 1 July and 1 September.

The EU made the massive demand after recalculating the income of member states dating back almost 20 years.

Sep 16 15:05

Technically Speaking: DeJa Vu All Over Again

Sep 16 15:00

Spy on Your Customers… or Else

Do you distrust the banking system? Prefer to do business in cash? Complain about the encroachment of Big Brother into every facet of your life? -- If you answered “yes” to any of these questions, you’d better watch out. You’re a “person of interest” – and a growing number of businesses must report your “suspicious activities” to the feds. If they don’t, they can be fined and the responsible parties even imprisoned.

Sep 16 14:49

Is This The Biggest Double-Top Ever?

Sep 16 14:29

Shhh! Don’t Tell the Government. Misleading Economic Statistics: Things Are Vastly Better

Most economic statistics don’t lie, but they mislead. -- The statistics produced by the Bureau of Labor Statistics are pretty good, according to prevailing economic theory and statistical theory, but they are misleading to a fault. This is not because the government rigs the statistics. It is because objective statistics cannot deal effectively with subjective value. But subjective valuation is the essence of economic theory. This was discovered in the early 1870’s. The statisticians still have not come to grips with this development. They try hard, but the labor theory of value is wrong. They fail.

Sep 16 14:19

The Real Reasons Why The Fed Will Hike Interest Rates

With a complex and disaster-prone system of interdependence causing social strife and chaos, why not just simplify everything with a global currency and perhaps even global governance? The elites will squeeze the collapse for all it’s worth if they can, and a Fed rate hike may be exactly what they need to begin the final descent.

Sep 16 13:31

Are Neocons an Existential Threat?

No one dares confront the existential question of whether the United States and the world can continue to tolerate and accommodate the neoconservatives.

Despite a record of unprecedented error, American neocons remain the dominant foreign policy force in Official Washington, demanding more “regime change” in the Middle East and a new Cold War that could heat up and end all life on the planet.

Sep 16 12:33


Nine of the world’s biggest banks, including Goldman Sachs and Barclays, have joined forces with New York-based financial tech firm R3 to create a framework for using blockchain technology in the markets, the firm said on Tuesday.

Sep 16 12:27

The Most Loved Stock Market Rally In History

Sep 16 11:50

Inside Janet Yellen’s Brain at 4 a.m.…

Sep 16 11:49

Will She or Won't She?

Sep 16 11:40

The Economic Collapse for Dummies

Sep 16 10:35

Fed to pay banks billions NOT to lend!

Sep 16 10:02

Fed Tightening “Could Have Profoundly Destructive Consequences for Economies”

With fear-driven rhetoric emanating from spooked markets and Wall Street, there are clear signs that the long-rumored rate hike could rock the boat enough to cause worry about capsizing.

The world has taken on too much dollar debt, risking a ‘cascade of disruptions’ for the global financial system when US interest rates rise


Sep 16 09:52

Standard & Poor's downgrades Japan from AA- to A+

U.S. ratings agency Standard & Poor's downgraded Wednesday its credit rating for Japan from AA- to A+, but has revised its outlook for the world's third-largest economy from negative to stable.

Sep 16 09:18

PayPal quietly re-enters online gaming

In the past few days, a few U.S. online gambling websites have started to accept PayPal—a first in more than a decade. Yet the payments company had been very quiet about it, initially releasing very limited information about the shift.

Webmaster's Commentary: 

Some years ago, PayPal started locking the PayPal accounts the political blogs were using for donations (including this one) and worse, freezing the funds for 6 months before release. The reason given was that the content of the political blogs violated the "standards" of PayPal (meaning we were criticizing Israel). The Independent Media went on the offensive, publishing lists of PayPal clients that included online gambling, porn, and in one case a child porn site, all of which were acceptable to PayPal until public attention was called to them and to PayPal's obvious hypocrisy. PayPal ultimately had to disconnect from the porn and gambling sites and suffered significant financial losses as a result. In the end, the PayPal accounts for the political blogs were restored. This may be why PayPal is being very quiet about its re-entry into online gambling.

Sep 16 08:50

Silver Shortage Brewing in 2015

Sep 16 08:46

Bankers Will Be Jailed In The Next Financial Crisis

Jesus College, Cambridge hosted, once more, the world’s leading Symposium on Economic Crime, and over 500 distinguished speakers and panelists drawn from the widest possible international fora, gathered to make presentations to the many hundreds of delegates and attendees.

What became very quickly clear this year was the general sense of deep disgust and repugnance that was demonstrated towards the global banking industry.

I can say with some degree of certainty now that a very large number of academics, law enforcement agencies, and financial compliance consultants are now joined, as one, in their total condemnation of significant elements of the global banking sector for their organised criminal activities.

Many banks are widely identified now as nothing more than enterprise criminal organisations, who engage in widespread criminal practice and dishonest conduct as a matter of course and deliberate commercial policy.

Sep 16 08:45

This Is Why Hewlett-Packard Just Fired Another 30,000

Remember when Hewlett-Packard announced it would fire 58,000 in February just so the company could spend even more billions on stock buybacks to make its shareholders filthier rich?

Alas, since then things have gone south not only for HPQ stock but also for the company's buybacks activity...

Sep 16 08:44

Comexodus: JPMorgan's Vault Is One Withdrawal Away From Running Out Of Deliverable Gold

One week ago, when we reported the record plunge in registered gold held by the various Comex gold warehouses in general, and JPMorgan in particular, which saw the "gold coverage" ratio, or the number of paper claims through open futures interest for every ounce of deliverable gold, soar to what we then thought was a record, and unsustainable 207x, we thought this situation would be promptly rectified as a few hundred thousand ounces of eligible gold would be "adjusted" back into the "registered" category.

Not only has this not happened, but with every passing day the situation is getting progressively worse.

Webmaster's Commentary: 

We know what will happen next. The government will demand you turn over all your gold to help save the banks. We know this will happen because it happened before, back in 1933.

Dear government. You can have my wedding ring when you pry it from my cold dead finger!

Sep 16 08:11


Shares and stocks are tumbling around the world, with investors worried that the next global crisis has already begun. There is considerable uncertainty and nervousness amongst economists and trend forecasters. Government’s sooth jittery markets with misinformation in the hope that confidence does not evaporate and their legitimacy with it.
If another crisis gets underway – do you think that the money you have earned, paid tax on and put in a bank for a rainy day or for an unexpected bill is safe? Because if you do, you’re wrong.

Automated grand theft on an unprecedented scale has been agreed with unelected EU officials, the Bank of England and US authorities.

In a Joint paper issued by the US Federal Deposit Scheme and the Bank of England dated 10th December 2012 a statement included the words; “deposit schemes may have to contribute to the recapitalisation of a failed bank”.

Webmaster's Commentary: 

Think your money is safe in a bank?!?

Under this process, your deposits are no longer yours, but become the bank's property for recapitalisation.

Sep 16 07:31

Hewlett-Packard Company Will Cut Up To 30K More Jobs In Restructuring Plan

Hewlett-Packard Co. said Tuesday it will lay off as many as 30,000 more employees as part of a restructuring plan that will split the Palo Alto, California, tech firm into two companies. HP Chief Financial Officer Cathie Lesjak said last month the company could cut up to 5 percent more from its workforce than the 55,000 people it had planned to let go.

Webmaster's Commentary: 

My HP 50G Calculator proves that HP's products recovered from the Carly Fiorina period, but apparently not their sales!

Sep 16 07:11

US Gold Reserves Bottom Out as Europe's Banks Seek Financial Independence

European Central banks keep demanding the return of their gold bullion from the vaults of the Federal Reserve Bank of New York, reducing the gold stockpile kept under the streets of Manhattan to its lowest level in decades; economist Lew Rockwell is convinced that the move is an indication that Europe is desperately striving for independence.

Webmaster's Commentary: 

It is also a sign that Europe no longer trusts the Federal Reserve or the United States government. Which shows how wise Europe has become!

Sep 16 07:05

Varoufakis: Tories will use fear of Greek-style collapse to attack Labour anti-austerity

Former Greek Finance Minister Yanis Varoufakis warned Labour Party leader Jeremy Corbyn and his new frontbench team that Tory opponents would mount a campaign of fear against their anti-austerity message.

Varoufakis addressed Corbyn, Shadow Chancellor John McDonnell and Shadow Secretary for International Development Diane Abbott at a Peoples’ Assembly Against Austerity event on Monday night.

He told the Labour ministers they are embarking upon a path that will “not be rosy.”

“Your opponents, Diane, Jeremy, John, are going to use fear as their main instrument.

“They will say to you that a Corbyn government will push up the pound. This is what the systemic media will tell people in their living rooms.

“You will be told … if Corbyn gets elected Labour will be like Syriza and the United Kingdom will be like Greece.

Webmaster's Commentary: 

Great Britain will end up like Greece eventually, So will the entire world. That is what the designers of Private Central Banks intended all along, and only shutting down the Private Central Banks will prevent it!

Sep 16 06:56

Is College Tuition Worth The Cost?

Sep 15 17:59

Revolutionary 3D Printer Can Build 10 Houses In 24 Hours For Only $5,000 Each

By Amanda Froelich

To remedy the housing crisis, as well as the increasing demand for economical and sustainably-produced living spaces, many architects are experimenting with 3D printing.

One such designer is Ma Yihe, the owner of the private firm WinSun. According to BBC News, WinSun managed to produce 10 full-sized, detached single-story houses in just ONE day – a monumental achievement...

Sep 15 16:46

Global Media Company Bets on ''Smart Homes'' Despite Security Risks

By Kevin Samson

One of the largest telecom and media companies in the nation, Comcast, is announcing an expansion of its Internet of Things aggregating platform, XFINITY®. Seeing a clear trend in consumers' adoption of connected devices, the global media company is seizing specifically upon the future of Smart Homes.

However, if we have learned anything in today's interconnected world, there have been serious security breaches, homes included...

Sep 15 16:40

Sony Shuts Down Its Entire EU Online Store

Sep 15 16:26

Tech Giant to Cut 30,000 Jobs

Sep 15 15:45

United Airlines CEO Walks Away with $21 Million Exit Package After Resigning Due to Corruption Probe

Crime and corruption pay in America; you just have to be a corporate CEO, Wall Street executive, senior member of the military-industrial-intelligence complex or a politician. These so-called “elites” have perverted American justice to such a degree that not only are they now entirely above the law, they’re actually rewarded for unethical and crony behavior even after they get caught.

Nothing sums up how completely fraudulent and corrupt the U.S. economy has become than the following story, which describes how the United Airlines CEO who stepped down in the midst of a corruption probe is rewarded with a $21 million exit package, “free flights for life,” and free parking in downtown Chicago forever. No, I’m not making this up.

Sep 15 15:34

FRANCE Inflation Rate Now ZERO!

Sep 15 15:10

World Bank Warns of Financial Turbulence if US Fed Raises Rates

By Eric Blair

The World Bank published a report today warning of possible financial turbulence in developing countries if the Federal Reserve raises interest rates this Thursday...

Sep 15 15:08

Time to buy physical Gold/Silver

Sep 15 14:51

20 Home Security and Crime Prevention Secrets for Preppers

By Gaye Levy

The reason I bring this topic to the forefront is that recently, at a community meeting, I learned that home burglaries in my area are on the rise. This, in a community where many still do not lock their doors, was no surprise to me given the dire straits so many are in financially. And this isn’t localized. As the financial crunch continues with no end in sight, you can expect to see property crimes on the rise...

Sep 15 14:39

Nine massive banks just teamed up to take the technology behind bitcoin mainstream

Nine of the world's biggest banks on Tuesday threw their weight behind blockchain, the technology that powers bitcoin.

Barclays, BBVA, Commonwealth Bank of Australia, Credit Suisse, JPMorgan, State Street, Royal Bank of Scotland, and UBS have all formed a partnership to draw up industry standards and protocols for using the blockchain in banking.