Friday, May 22nd, 2015

Economy and Finance

Breast Cancer Charities Shut Down after Skimming $187 Million

Thursday, May 21st, 2015

“This is a significant action, but it’s the tip of the iceberg. There are a lot of other problems like this out there. . . . I hope they continue to go after some of these questionable operators.”

Be Prepared…

Thursday, May 21st, 2015

Be prepared for a slew of troubles coming our way…

Five Banks Plead Guilty to Criminal Charges, Will Pay 5 Billion in Fines

Wednesday, May 20th, 2015

Authorities announced today that five of the world’s largest banks have agreed to pay about $5.6 billion and plead guilty to multiple crimes related to manipulating foreign currencies and interest rates.

Are They About to Confiscate Money From Bank Accounts in Greece Just Like They Did in Cyprus?

Wednesday, May 20th, 2015

Do you remember what happened when Cyprus decided to defy the EU?

House Bill Would Limit Taxpayer-Funded Benefits to Ex-Presidents

Wednesday, May 20th, 2015

All four former presidents are millionaires, so why do they continue to receive such astronomical benefits – at the expense of taxpayers (many of whom are struggling to survive)?

The Debt to GDP Ratio for the Entire World: 286 Percent

Tuesday, May 19th, 2015

Did you know that there is more than $28,000 of debt for every man, woman and child on the entire planet?

Store Owner Targeted in Civil Forfeiture Racket Is Getting His Money Back

Monday, May 18th, 2015

A short video documenting his plight went viral on social media, and now the IRS is backing down from their previous stance.

Major Bank Warns Of Imminent Problems In U.S. Farming Industry: “Dire Straits”

Monday, May 18th, 2015

Persistently low crop prices and high input costs reduced profit margins and increased concerns about future loan repayment capacity.

Welcome to the Bubble State, Where Everything is Unsustainable

Sunday, May 17th, 2015

The history of California is a cascade of overlapping economic bubbles and ridiculous lies, each one bigger than the last. It’s the only thing that sustains us.

Chris Powell: Gold Is the Deadly Threat to All Governments

Saturday, May 16th, 2015

Because of the inherent nature of gold’s use as currency, gold stands as threat to a government’s ability to dictate.

Infrastructure in Shambles: Second Train Has Derailed in Pennsylvania

Thursday, May 14th, 2015

For reasons that are currently unknown, 13 cars fell off the tracks while the train was going a measly 10mph.

Why Are Exchange-Traded Funds Preparing for a “Liquidity Crisis” and a “Market Meltdown”?

Thursday, May 14th, 2015

Some really weird things are happening in the financial world right now.

Russia Invites Greece to Join BRICS as Greek Financial Crisis Deepens

Wednesday, May 13th, 2015

Russia on Monday invited Greece to become the sixth member of the new regional bank for the BRICS.

The Central Problem With Central Banks: They Become the Greater Fools/Bag-Holders

Wednesday, May 13th, 2015

Those who are confident the central banks can print unlimited money may find there are political and financial consequences to such extremes that cannot be foreseen.

Here It Comes: Denmark Moving to a Totally Cashless Society

Wednesday, May 13th, 2015

Can you imagine living in a world where your every economic move is tracked and traced and completely reliant on computers? It’s about to happen in Denmark.

Expert Predicts Robots Will Replace Our Pets Someday

Tuesday, May 12th, 2015

Why would humans prefer the company of a machine, even if that machine is “realistic.” We would still know better right?

Regulation and Red Tape Cost Us $1.88 Trillion per Year

Tuesday, May 12th, 2015

When a new regulation is enforced on a particular industry, those costs are passed down to the consumer, so the things we buy and the services we use have a hidden tax that doesn’t show up on the price tag.

The Average Age of a Minimum Wage Worker in America Is 36

Monday, May 11th, 2015

The future for workers in America looks really bleak.

The 90,000 Square Foot, 100 Million Dollar Home That Is a Metaphor for America

Saturday, May 9th, 2015

Just like “America’s time-share king,” America just keeps on making the same mistakes over and over again.

U.S. Economy Collapsing Faster Than in 2008

Friday, May 8th, 2015

The economic data – almost all of it – has been collapsing at a rate as great or greater than it was collapsing in 2008. Yet, the media propaganda megaphone loudly broadcasting that “all is well” has never been set at a higher volume.

World’s First Self-Driving Semi-Truck Arrives In Nevada

Wednesday, May 6th, 2015

Largely due to the self-driving car, the shipping and transportation industry is about to start hemorrhaging workers.

Secrecy Defines Trans-Pacific Partnership Deal as Opponents Decry Threat to Jobs

Wednesday, May 6th, 2015

Follow the money on the TPP: the People will be the last to know, and the least to benefit.

New Gold Backed Cryptocurrency Has Been Announced

Tuesday, May 5th, 2015

The gold storage company known as Anthem Vault has decided to release a new cryptocurrency that is backed by precious metals. Each “coin” will be valued at 1 gram of gold, and will be called the “Hayek.”

So Bernanke Doesn’t Like Facts?

Tuesday, May 5th, 2015

There are times I have to chuckle at the bleating from so-called “genius” minds…

Polls Show Majority of Americans Want to Tax the Rich

Tuesday, May 5th, 2015

If the younger generation is increasingly in favor of levying heavy taxes on the rich and upper middle class, is America poised to embrace a socialist future?

Texas Legislators Attempt to Give Federal Reserve Guards Arrest Powers

Tuesday, May 5th, 2015

Bill H.B. 2346 would grant commissioned officers of the Federal Reserve some of the powers given to sworn peace officers – including powers of arrest, search and seizure.

Endangered Species: The Self-Employed Middle Class

Tuesday, May 5th, 2015

It isn’t easy to earn enough to afford a middle class life via self-employment. Including the professional class, perhaps 3% of the workforce is truly independent.

Is the Internet Beginning to Reach Its Limits?

Monday, May 4th, 2015

This could contribute to the end of the free and open internet, since it would make internet access prohibitively expensive for newcomers.

Why the Powers That Be Are Pushing a Cashless Society

Monday, May 4th, 2015

If society becomes cashless, dissenters can’t hide cash.  All of their financial holdings would be vulnerable to an attack by the government.

Trans-Pacific Partnership Treaty May Not Have the Votes to Pass

Monday, May 4th, 2015

If the two largest economies in this treaty are struggling to convince their politicians and corporations to go along with it, then it may be dead in the water. Good riddance.

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