Global Intelligence
While it is easy and often enjoyable to distract oneself with daily drudgery such as who will bomb whom (if not so enjoyable for those on the receiving end of said bombs), the key word in the sentence is just one: “distract” and as Kyle Bass pointed out correctly, the best, and most “economy-boosting” of all distractions […]
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Sep 06, 2013 – 12:57 PM GMT By: Profit_Confidential Michael Lombardi writes: It’s the elephant in the room no one wants to talk about… The middle class in the U.S. economy is on the verge of collapse. Yes, I said collapse. That social class that once helped the U.S. economy grow and prosper is coming apart. […]
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The facts are now becoming abundantly clear, that the forecast we’ve maintained for well over two years has been validated: the US is in a DE-pression and both Washington and the Federal Reserve have wasted trillions of Dollars. The reality is that what’s happening in the US today is not a cyclical recession, but a […]
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Submitted by Charles Hugh-Smith of OfTwoMinds blog, We assume the existing hyper-structures of our centralized state-cartel economies will deliver us jobs, happiness, wealth, health and financial security. They will not. Correspondent Simon H.’s insightful essay is not just a critique of our current centralized economies but an outline of a community-based alternative economy that offers freedom […]
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Citizens of India have been watching, in stunned amazement, as over the past month the local currency has lost an unprecedented 15% of its value, with a record plunge taking place just last night [5]. And, as so often happens, the population habituated to a government “acting in its best interests” is asking itself – how could we […]
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Submitted by Michael Snyder of The Economic Collapse blog, You can see it coming, can’t you? The yield on 10 year U.S. Treasuries is skyrocketing, the Dow has been down for 5 days in a row and troubling economic news is pouring in from all over the planet. The much anticipated “financial correction” is rapidly approaching, […]
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Submitted by Charles Hugh-Smith of OfTwoMinds blog [9], Although economics doesn’t recognize it, the operative phrase here is systemic injustice. Correspondent C.G.D. recently asked what I consider a very profound question: why isn’t there demonstrably correct economic theory? “My wife has asked me a ‘simple’ question that I can not answer. After 2000 years, why do we […]
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1) The Federal Reserve is a private bank. It is not a part of the US Government. Ironically, the FDIC is owned and operated by the US Government, as are many other government sponsored organizations that would bear the burden of any crisis. “Some people think that the Federal Reserve Banks are United States Government […]
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This analysis is about debunking the myth that China has some power over the US because of it’s large debt holdings. Let’s just say this is a myth created by propaganda or lack of understanding. It’s nonsense. Another myth is that China is a currency manipulator. The Yuan is pegged to the US Dollar (although […]
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Who of the famous people in Russia’s modern history said the phrase: “I wanted the best, but it turned out as always”? There is quite a list of names that comes up in this connection, although it is associated with only one man – the Minister of Finance of the USSR, Valentin Pavlov, who once […]
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