Eurozone alarm grows over Greek brinkmanship
Eurozone officials are increasingly worried that Greece’s brinkmanship over its bailout will plunge the country into financial chaos after its finance minister said on Sunday that it would take up to four months to agree a “new contract” with creditors.
Yanis Varoufakis, Greece’s newly appointed finance minister, said Athens would reject any further loans under its international rescue plan, despite Greece’s €172bn bailout […]
With the price of oil hovering around $44 and U.S. oil inventories at record highs the general consensus is that the economy will soon see a boost in consumer spending as Americans will take their gas savings and spend it at retail stores.
But there’s a lot more going on with oil on a geo-political scale than can be pumped into a 30-second propaganda soundbite from financial pundits and […]
70% of U.S. households struggle with either low incomes, insufficient savings, or debt http://t.co/BYgEe5rqO8 pic.twitter.com/Dqaz8zWkfF
— Real Time Economics (@WSJecon) February 1, 2015
The typical low-income U.S. household has only 9 days of income saved in the bank or at home.
Some 55% of U.S. households are “savings-limited,” Pew says, which means they don’t have enough liquid cash on hand to replace one month’s income. The typical low-income household has […]
In Denmark You Are Now Paid To Take Out A Mortgage
With NIRP raging in the Eurozone and over €1.5 trillion in European government bonds trading with negative yields, many were wondering when any of this perverted bond generosity will spill over to other debtors, not just Europe’s insolvent governments (who can only print negative interest debt because of the ECB’s backstop that it will buy any piece of garbage […]
Here’s why the dollar is so strong and what it means for investors http://t.co/wBOkUjlGRK pic.twitter.com/sw2mMurjXT
— Business Insider (@businessinsider) January 31, 2015
The stronger dollar is slicing sales and profits at big American companies, prompting them to put renewed emphasis on cost cutting and cramping the broader U.S. economy. The currency effects are hitting a wide swath of corporate America—from consumer products giant Procter & Gamble to technology stalwart […]
With Silver enduring the largest 1-day smash in 18 months Thursday, PM Fund Manager Dave Kranzler joined the show this week discussing:
1. Gold & silver take-down on options expiration/ First Notice Day- Cartel had to force selling of 3 million oz of Feb gold contracts to prevent a potential run on delivery in Feb gold! 2. With the cartel desperate to prevent a delivery run on […]
Mac Slavo January 31st, 2015 SHTFplan.com
Want to own your own home, but stuck, temporarily, renting until you can? You aren’t alone.
Wolf Richter outlined a pretty eery scenario.
The 2008 financial Armageddon was in larger part a result of the housing bubble bursting. Thanks to the subprime mortgage scandal, millions of homeowners were put in homes they couldn’t afford, making the awful game of musical chairs an […]
Very few observers expect a repeat of the subprime mortgage crisis. But the former chief credit officer of Fannie Mae is sounding the alarm. We have a forecast of our own.
The popular view of SHTF and bugging out is one in which a tidal wave of sh!t is about to rein down on you and force you out of your house. In my opinion, the choice has been made for you and it is an easy one. Don’t fantasize that it will work out this way as there are some situations in which the decision will be much more […]
NBC will allow viewers to watch 11 hours of Super Bowl coverage online for free, including the game and halftime show.
The amount of programming being streamed is more than has been made available in previous online offerings. NBC was first to stream the Super Bowl, in 2012.
NBC, which is a unit of the nation’s largest cable operator Comcast (CMCSA), typically requires online viewers of its shows to […]
Probability of at least 8" of snow through Tuesday evening. High confidence in significant snowfall for Northeast. pic.twitter.com/1BY22mIgJh
— NWS WPC (@NWSWPC) February 1, 2015
RT @NWSChicago: Vis 1/4 mi or less the past few hrs, as in these photos from 450 pm CST. Do not attempt to travel. pic.twitter.com/TCDH3tCptZ
— The Weather Channel (@weatherchannel) February 1, 2015
The last time forward EPS was here, the S&P was below 1900 pic.twitter.com/t2nM6Ppy5y
— zerohedge (@zerohedge) February 1, 2015
BY JOHN WARD
Colourful weather, the Fuhrer’s funny walk, Boris Johnson on masturbation, Rigid Merkel says Nein again, Minority rule after May 2015, and Inside the Cosy Bubble with Charles Moore
Be very afraid Blighty, for parts of the country are about to be enclosed in an arctic airmass. It doesn’t sound good, and it isn’t: freezing snow. Blizzards. Winds of up to 70mph. That’s the maximum they’re allowed to […]
by James Quinn
Don’t mess with the National Weather Service.
It only took a few hours before the mainstream media faux journalists began to peddle the statist excuses for the National Weather Service epic failure. In a shocking development, the government loving Keynesian control freaks blame lack of funding for the complete and utter failure of a government agency to correctly predict the weather three hours in advance. […]
by James Quinn
The proof that mainstream media outlets like Marketwatch, Bloomberg and CNBC are nothing but mouthpieces for the corporate fascist states of America is the blaring headlines about the tremendous profit growth just reported by Facebook.
Here’s the deal. There is no such thing as Non-GAAP earnings. That is a made up number. Corporations in America are required to use GAAP to record their books.
The idiots in […]
Preface: Readers are encouraged to post historically-documented instances in which a member of a government admits that his or her government carried out a false flag attack. While there are many documented false flag attacks, we’re focused on finding cases which are admitted to by someone in the government who carried out the attack.
Governments from around the world admit they’ve used the bully’s trick … attack first, […]
On the morning before attorney general nominee Loretta Lynch would face Congress, Kentucky Senator Rand Paul re-introduced a bill that would tie her hands. Paul and a crew of congressmen—Minnesota Representative Keith Ellison, Michigan Representative Tim Walberg—had resurrected the Fifth Amendment Integrity Act. If passed, it would restrict the government’s ability, from the Department of Justice on down to local cops, to seize property from criminal suspects.
“We’ve had protests […]