Sources: “China’s yuan joins top 5 most-used global currencies – The Times of India” http://timesofindia.indiatimes.com/bu… “One in five children is on food stamps, more than before the recession | syracuse.com” http://www.syracuse.com/news/index.ss… “Poverty level under Obama breaks 50-year record – Washington Times” http://www.washingtontimes.com/news/2… “We’re No. 12! Report: U.S. Not Among Top Nations for Economic Freedom | CNS News” http://www.cnsnews.com/news/article/a… “D.C. wage disparity at 35-year high, report finds – The Washington […]
The new Greek government finds no wireless or toilet paper in its residence. Russia responds to Greece, we will give financial aid if needed. Jobless claims decline dramatically.Pending homes sales implode. Central bankers pushing North American Union. Anti terror bill in England could undermine free speech. Ukraine video Nov 2013 warning the Ukraine government of a US coup d’etat. Sanctions on Ukraine continue and Ukraine is asking US for […]
By Michael Snyder
The signs of the times are everywhere – all you have to do is open up your eyes and look at them. When a pregnant woman first goes into labor, the birth pangs are usually fairly moderate and are not that close together. But as the time for delivery approaches, they become much more frequent and much more intense. Economically, what we are experiencing right now […]
COPS POINT OF VIEW:
Armed Man Demands Airtime On Dutch Broadcaster A building belonging to broadcaster NOS is evacuated in Hilversum after a man with a gun demands airtime.
Dutch national broadcaster NOS temporarily went off air after an man armed with a gun entered the building and demanded airtime.
The RTL press agency said a building belonging to NOS in Hilversum was […]
By Michael Snyder
We are the generation that gets to witness the end of the American Dream. The numbers that you are about to see tell a story. They tell a story of a once mighty economy that is dying. For decades, the rest of the planet has regarded the United States as “the land of opportunity” where almost anyone can be successful if they are willing to work […]
Lily Tang Williams, Lily4Liberty, Released on 1/27/15
Lily Tang Williams, a Chinese immigrant mother shares her thoughts on Common Core and her Chinese education. “I came to this country for freedom and for individual rights and liberty and to be left alone by the government. But now, how can I let my child go through the same thing I once did in China?”
U.S. workers still waiting for wage growth http://t.co/3HCyTXZPV0 pic.twitter.com/VMzefa2Vka
— Real Time Economics (@WSJecon) January 30, 2015
The Pentagon has expressed deep concern about the US eventually losing its military technological superiority over rivals such as China and Russia, and is urging NATO states to develop innovative weapons in close cooperation to optimize military spending.
“I am very concerned about the increasing risk of loss of US military technological superiority,” Pentagon arms buyer Frank Kendall told a House Armed Services Committee hearing. “We’re at risk and […]
Three United States military contractors were reportedly killed in Afghanistan late Thursday, local time, after gunfire erupted at Kabul International Airport’s military facility.
US Army Col. Brian Tribus, a spokesman for the NATO-led Resolute Support mission, told reporters that the three contractors were shot and killed in the incident along with an Afghan national, according to Stars and Stripes. Reuters reports that the three were American.
An Afghan soldier […]
The US Navy is extremely interested in improving training for Marines and ensuring they’re prepared for missions – and it’s looking into the possibility of using robots to achieve those goals.
As part of a three-year study called the Human Surrogate Interaction program, the Office of Naval Research (ONR) is trying to determine the best way to use surrogates (i.e., robots) in various training procedures. Ideally, this would allow […]
US Growth 2014: 2.4%
US Growth 2010-2013: 2.2%
US Growth 1990s: 3.4%
This is why it's a #Depression. Not a collapse, but depressed growth
— Jim Rickards (@JamesGRickards) January 30, 2015
Former Soviet Union General Secretary Mikhail Gorbachev is publicly warning there may be actual war between Russia and the West over the situation with Ukraine.
Gobachev says that sanctions have already lead to a cold war and new sanctions will turn that cold war “hot.”
The EU wants to put another round of sanctions on Russia; and get this, Greece is signaling it will veto that action. So, not only does the recently elected Greece leadership want debt forgiveness, it also looks like it is going to side with Russia over more sanctions. Greece is a NATO country, and it’s making noises that may close NATO military bases and withdraw from the alliance. All […]
David Stockman is calling out Barry and the Fed.
“Obama is talking about a symptom, but he’s clueless as to the cause. The cause is not capitalism. The cause is not some entrepreneur out there trying to invent something and improve the performance of his business. The problem is in the Eccles building [home to the main office of the Fed] and in the 12 people sitting there and […]
Freedom’s just another word for no banks left to lose. Why Greece might really leave the euro. http://t.co/HcwuLGQEIB pic.twitter.com/mLwNejIKE2
— Matt O'Brien (@ObsoleteDogma) January 30, 2015
The world’s worst portmanteau is back: Grexit.
That’s short for “Greek exit,” as in Greece leaving the euro. And it’s once again a possibility now that the left-wing, anti-austerity party Syriza has won power in the latest elections. The risk, as I’ve said […]
The reason why some countries are rich and others poor depends on the quality of their institutions, the culture they have, the natural resources they find and what latitude they’re on.