Thousands of spiders ‘bleed out of the walls’ and force family from home

A family was driven from their suburban St Louis home by thousands of venomous spiders that fell from the ceiling and oozed from the walls. Brian and Susan Trost bought the $450,000 home overlooking two golf holes at Whitmoor Country Club in Weldon Spring in October 2007. Soon after that, they started seeing brown recluse…

Welcome To The Oligarchy – US Leads The Developed World In Low Wage Jobs

Submitted by Mike Krieger of Liberty Blitzkrieg blog, In an apparent attempt to advise investors on how they can take advantage of America’s transformation into a neo-feudal oligarchy in a 50-page research report, Morgan Stanley has put together some very interesting charts.. We will be sharing many of them in the next few days but…

Billionaires are hoarding piles of cash

Billionaires are holding mountains of cash, offering the latest sign that the ultra-wealthy are nervous about putting more money into today’s markets. According to the new Billionaire Census from Wealth-X and UBS, the world’s billionaires are holding an average of $600 million in cash each—greater than the gross domestic product of Dominica. That marks a…

Forget Russia Dumping U.S. Treasuries … Here’s the REAL Economic Threat

Russia threatened to dump its U.S. treasuries if America imposed sanctions regarding Russia’s action in the Crimea. Zero Hedge argues that Russia has already done so. But veteran investor Jim Sinclair argues that Russia has a much scarier financial attack which Russia can use against the U.S. Specifically, Sinclair says that if Russia accepts payment for oil and gas in…

Petrodollar Alert: Putin Prepares To Announce “Holy Grail” Gas Deal With China

If it was the intent of the West to bring Russia and China together – one a natural resource (if “somewhat” corrupt) superpower and the other a fixed capital / labor output (if “somewhat” capital misallocating and credit bubbleicious) powerhouse – in the process marginalizing the dollar and encouraging Ruble and Renminbi bilateral trade, then…

Chinese Stocks Enter Bear Market Following 2 More Defaults Overnight

Following the default of 2 more corporations last night, Hang Seng’s index of China Enterprises plunged to 8-month lows and officially entered bear market territory. Overnight angst in the Chinese currency markets (which saw the Yuan trade back to 1-year lows) has sparked broad commodity weakness (as CCFD unwinds en masse) with copper giving back most of yesterday’s…

The Dominoes Begin To Fall In China

Submitted by Tim Staermose of Sovereign Man blog [8], Forget tapering. Forget Ukraine. The largest single risk to the world economy and financial markets right now is China. What’s going on in China reminds me a lot of what I witnessed firsthand when I lived in South Korea in the 1990s, before that economy’s crash in 1998.…

Meet The Brand New, And Shocking, Third Largest Foreign Holder Of US Treasurys

Something hilarious, and at the same time pathetic, happened earlier today: at precisely 9 am the US Treasury released its delayed Treasury International Capital data (which was supposed to be released yesterday but was delayed because it snowed) which disclosed all the latest foreign Treasury holdings for the month of January. Among the key numbers…

Spying by N.S.A. Ally Ensnared U.S. Law Firm

GIH: Finally, a situation arise that challenge legal nuances about the NSA spying, and attorney client privilege.  The philosophical question is – to what extent are attorney’s legally required, and also as a matter of service, to go in order to ensure client security?  Having a complete encryption solution would prevent 99% of NSA spying,…

Europe Considers Wholesale Savings Confiscation, Enforced Redistribution

GIH: Scary revelations coming from the EU, regarding ‘bail-in’ strategies funded by savers.  How this ‘confiscation’ of assets is to be structured and sold to the public (if they have a choice) remains to be seen.  But even having such a discussion should make anyone with any assets in Europe worry.  Cyprus was a ‘test…

Non-Farm Friday – Is America Working?

I try my best to make people aware of the ridiculous BS that goes on behind the scenes in the halls of power.  I try to help people understand the way Big Business manipulates our Government, the same way the Banksters and Billionaires manipulate the markets. In short – we explore the dark side of Capitalism as having…

Why The Next Global Crisis Will Be Unlike Any In The Last 200 Years

GIH: What the future will hold is difficult to project because of so many variables.  But what we can say with near certainty, is that ‘this time is different’ – a combination of social and political factors has created an age that is unique – general economic prosperity in the West, cheap energy, and as…

The Federal Reserve’s Nuclear Option: A One-Way Street to Oblivion

Submitted by Charles Hugh-Smith of OfTwoMinds blog, The Fed cannot create a bid in bidless markets that lasts beyond its own buying. We all know the Federal Reserve (and every other central bank) has one last Doomsday weapon to stop a meltdown in the global financial markets: creating trillions of dollars out of thin air and…

How Rothschild Sees The Future

Rothschild has identified four different scenarios that, in their view, are the most likely to occur. The series of scenarios for GDP growth and inflation in the main western economies, Japan and China may guide investor thinking but their somewhat ominous conclusion is worth bearing in mind: “Further monetary ‘experiments’ are becoming less probable. However, significant imbalances…

Anti rich sentiment growing globally

GIH: The sentiment against the so called 1% is growing, as the gap between the ‘rich’ and ‘superrich’ has gone parabolic.  The majority of the world’s wealth is now concentrated in the hands of a few thousand people.  Questions are now being raised about how they are helping the economy, as the velocity of money…

World Bank Ex-Chief Economist Calls For End To Dollar As Reserve Currency

In the past we have discussed at length the inevitable demise of the USD as the world’s reserve currency noting that nothing lasts forever. [10] However, when former World Bank chief economist Justin Yifu Lin warns that “the dominance of the greenback is the root cause of global financial and economic crises,” we suspect the world will begin…

FOMC Ignores EM Crisis, Tapers Another $10 Billion – December Statement Redline

GIH: $10 Billion in more taper from the Fed, indicates further tapering.  A bold move against the backdrop of the crisis in emerging market currencies, which caused a stock market sell off and EM Currency sell off.  Unlike many market analysts, The Fed “Sees Growth”: WASHINGTON — The Federal Reserve announced Wednesday another $10 billion…

A Stunning Development In China-US Wage Parity

GIH:  Chinese companies are now considering manufacturing in the US due to competitive wage costs! In just over an hour Apple will report earnings which are expected to be a sole silver lining among the otherwise dreary retail landscape of the fourth quarter. However, those curious for an advance glimpse of what AAPL’s margins may…