In addition to the poor headline Establishment survey print which rose only 160,000 in April, coupled with a deplorable Household survey employment number which plunged by 316,000 for the month and below levels seen in February, an even more concerning development was the resumption in the deteriorating trend in the US labor force participation rate,…
If we could just get consumers to borrow more, so that they spend money they don’t have on things they don’t need, in order to boost GDP and corporate profits, all would be fine. That’s the current meme among [keynesian] economists. Since 68.5% of US GDP is related to personal consumption expenditures, boosting consumer spending…
Tokyo – Japanese stocks fell 3 per cent Monday for the second straight trading day of fall as investor sentiment was hurt by a stronger yen, falling oil prices and growing concerns about the two major earthquakes that struck the southern island of Kyushu last week. The benchmark Nikkei 225 Stock Average lost 572.08 points,…
By Greg Hunter’s USAWatchdog.com Financial expert and best-selling author James Rickards says another economic collapse is coming. Rickards contends, “It’s very clear, and you can prove this scientifically. The next collapse will be bigger than anything in history or maybe since the Bronze Age or the fall of the Roman Empire. Why do I say…
Andrew Hoffman | March 23, 2016 – 11:27am First, the un-reality; and as usual, there’s plenty to go around. Starting with a question I pose to you, the audience; as well as everyone on the planet – including those that listen to what “the powers that be” tell them, and believe what they say, no…
It is impossible to understand the world today without knowing what the ESF is and what it has been doing. Officially in charge of defending the dollar, the ESF is the government agency which controls the New York Fed, runs the CIA’s black budget, and is the architect of the world’s monetary system (IMF, World…
“If you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.” – Josiah Stamp Iceland has gained the admiration in recent years by doing that which no other nation in the world seems to be willing or…
Inertia is a human frailty. Too often, we go along to get along. We conform. Because of this, those who claim authority can get most of us to do their bidding if it comes with a plausible justification and is only incremental. We get nickel-and-dimed to death, the death of a thousand cuts. Back on…
If Finance Minister Bjarni Benediktsson has his way — and he likely will — Icelanders will be paid kr 30,000 after the government takes over ownership of the bank. Íslandsbanki would be second of the three largest banks under State proprietorship. “I am saying that the government take some decided portion, 5%, and simply hand…
Obamacare premiums are increasing, so much for the affordable care act. Pentagon uses missionaries to spy on North Korea. Russian aircraft carrier is in the Bering Straits and not near Syria. The U.S. Proxy ‘FSA’ rejects Russia’s offer, wants Assad gone. US complaining that Russia is hitting their guys in Syria, which are paid mercenaries…
Translated: 74 year sentences for fraudsters high level; US and rest of Europe rescued his. In a story that is not informed by any means of communication generalist western Iceland sentence just five senior bankers to jail for having contributed directly to the collapse of the economy in 2008. This makes a total of 26…
2008~Senators McCain, Barack Obama, & Biden will be in Washington on Wednesday to vote on the $700 billion bank rescue plan. The federal debt held by the public totals more than $13 trillion, or about $107,000 per household in the United States, according to a report released this month by the Cato Institute. The report,…
Central banks are the bane of any society yearning to remain free. But there are ways we can undermine their power, and their monopoly control over the economy, through state and individual action. Since the founding of the U.S. central bank known as the Federal Reserve, the dollar has lost an incredible amount of value…
‘The resistance is the only way to confront the plots hatched by the Zionists,’ Sheibani said on Friday. The Iranian envoy, meantime, pointed to the supports for the Syrian government against the Muslim Brotherhood terrorist groups, and said, ‘Anyone who defends Syria means he is defending Palestine and anyone who goes to war against it is…
Is the Federal Reserve going to be raising interest rates this fall? Financial writer Andy Hoffman says forget it and explains, “The Fed is the biggest leveraged hedge fund in history. They have a $4.5 trillion bond portfolio . . . why would they be raising rates? They were lying all along. . . .…
