Global debt rises off the scale, has increased by $112 trillion since 2010, almost 3 times as big as the world economy, creditors stand to take a huge hit in a threatened tsunami of defaults…

Only mass default will end the world’s addiction to debt

As global debt rises off the scale, creditors stand to take a huge hit in a threatened tsunami of defaults

In a valedictory speech at the weekend of characteristically Latin American duration – a mind-numbing three hours – the Argentine president, Cristina Fernandez de Kirchner, claimed that her country was the only one in the world to have reduced its […]

$1Million Dollars A Minute: The U.S. Spends More On Its Military Than The Next Eight Countries With The Highest Military Budgets Behind It On The List, Combined

Published on Mar 3, 2015

The U.S. spends more on its military than the next eight countries with the highest military budgets behind it on the list, combined. That includes China.CCTV’s Jim Spellman filed this report from Washington.

China Has Announced Plans For A ‘World Currency’

By Michael Snyder

The Chinese do not plan to live in a world dominated by the U.S. dollar for much longer.  Chinese leaders have been calling for the U.S. dollar to be replaced as the primary global reserve currency for a long time, but up until now they have never been very specific about what they would put in place of it.  Many have assumed that the Chinese simply […]

Insanity! This could go down as one of the oddest, most irrational asset bubbles in history. Trillions of dollars are now tied up in debt instruments that promise to return less than the invested principal.

by Precious Metals Market Update

The first two months of 2015 have seen turmoil in the currency markets extend from Russia and Ukraine to the heart of Europe.

“Central Banks Now Open 24/7 Fighting Currency Wars and Deflation,” blared a February 12th Bloomberg headline. Against this backdrop, precious metals have been on the rise in terms of all currencies except the Swiss franc and the U.S dollar.

In January, the […]

At this point, we don’t even need a trigger event. The house of cards is so high, it will tumble just due to its sheer size. Look out below.

by James Quinn

These two charts tell you all you need to know about how disconnected Wall Street is from reality. Corporate profits are tanking. Consumer spending is tanking. Inflation in the things you need to live your everyday life is rising. Real median household income lingers at levels from 25 years ago. Greece, Portugal, Italy, Spain and Ireland are more insolvent than they were three years ago. The EU […]

Canada’s Central Bank Orders End To Defacing of Debasing Canadian Dollar

by GoldCore

- From “Spocking” in Canada to overtly political imagery in Greece, paper currency is growing in popularity – Outpouring of affection for Leonard Nimoy has inspired the phenomenon of “Spocking” in Canada – Greek artist Stefanos alters euro notes to make deliver political message – Defacing notes is illegal and a criminal offence in Canada, the EU, U.S. and most countries – Disgruntled citizens defaming already debasing currencies […]

India just cut interest rates. In Currency Wars, not a day goes by without a shot being fired. Updated list of all 20 rate cuts so far this year, including the double, triple and quadruple cuts

#India just cut interest rates. In #CurrencyWars, not a day goes by without a shot being fired. Here’s your resource: http://t.co/cbfyPJzpW9

— Jim Rickards (@JamesGRickards) March 4, 2015

India Central Bank Cuts Interest Rate “Pre-Emptively” For Second Time In 2 Months

In a surprise move, the RBI just cut its main interest rates for the second time in two months, taking it from 6.75% to 6.50%, in what the […]

Rob Kirby: World Is Headed For A Meat Grinder, And That Is Putting Very Bluntly. Crackup Boom & Hyperinflation Guaranteed

Rob Kirby of KirbyAnalytics.com thinks all the current world problems come down to just one thing. Kirby says, “It all boils back to the money. And it all boils back to the notion we don’t have honest money because when you have honest money, these excesses don’t occur. Things cleanse themselves, and that is the virtue and the merit of the old relic, the gold standard, because it is […]

Obama ‘Interested” To Raise Taxes By Decree – While Directing IRS To Pay Tax ‘Refunds’ To Illegals Who Never Filed

by Sword At-The-Ready

White House confirms that Obama is investigating using ‘Executive actions’ to raise hundreds of billions in new taxes, bypassing Congress.  At the same time the IRS defends Obama’s decree to give illegals immediate tax refunds when they file for a Social Security number.

Obama has asserted he is king, Arbiter of what is law and Maker of Law, by decree (Executive Actions/Memoranda).  We are being ruled by a Dictator […]

Congressman Urges Protection for Power Grid: EMP Attack “Could Bring Our Civilization to a Cold, Dark Halt”

Mac Slavo March 3rd, 2015 SHTFplan.com

When it comes to an EMP attack, the question remains “when” not “if” the SHTF. Few other scenarios hold as much potential for disaster and disruption to the lives of everyone in society. At a moment’s notice, 300 million Americans could be made instantly desperate – and even likely to die in the aftermath. A single event could easily be enough to take […]

Global Debt Is MORE THAN TWICE AS BIG As the Entire World Economy … What Does It Mean?

by WashingtonsBlog Global Debt Is Almost 3 Times As Big As the World Economy

The Guardian reports that global debt has grown by $57 trillion dollars – to $199 trillion dollars – since the 2008 financial crisis.

How much is that?  It’s a big number … but what does it actually mean?

The Guardian notes that global debt is now more than twice the size of the entire global economy:

[…]

Central Banks Buying 100% Of Sovereign Debt, Big Western Banks Being Rated Near Junk Status, Industrialized Nations Become Third World

Interview Link: http://www.youtube.com/watch?v=MztXePrIfRc?

IN THIS INTERVIEW: – Industrialized nations become third world ?0:58 – U.S. Treasury bond market is dying ?6:24 – Big Western banks being rated near junk status ?16:15 – PART 2: Subscribe (it’s FREE!) to be notified when part 2 is released! ?http://bit.ly/Subscription-Link – Jim Willie’s article: http://bit.ly/JimWillieArticle

SUBSCRIBE (It’s FREE!) to Reluctant Preppers, “Helping You Be Aware and Prepared” ?http://bit.ly/ReluctantPreppers SUBSCRIBE (also FREE!) to “Finance […]

OBAMA killed the pipeline, seized the Internet & cut off your ammo in just ONE WEEK!

Obama vetoes Keystone XL bill | TheHill

President Obama on Tuesday vetoed legislation authorizing construction of the Keystone XL oil pipeline, rebuffing the new Republican-led Congress amid a furious battle over Homeland Security funding.

The veto — just the third of Obama’s presidency and his first of major legislation — was made in private and without fanfare, reflecting tensions in the Democratic Party over whether the controversial pipeline should […]

Robo-Roach: Tiny Backpacks Allow for Remote Control Cockroaches

Engineers at a Texas university have developed a system to remote control cockroaches via a miniature computer, which is wired to the nervous system. It’s hoped they could be used for search and rescue missions as they can move about in tiny spaces.

A team of researchers at Texas A&M University has created ‘backpacks’ weighing less than 3 grams for the insects. These hold the necessary equipment for humans […]

Why Oil Will Be Rangebound For The Time Being

Jim Rickards, chief global strategist at West Shore Funds, expects oil prices to trade between $50-60 for a year or two as Saudi Arabia attempts to put the U.S. shale frackers out of…

Fading Recovery, Skittish Market – How Far They Are Willing To Take This Stock Bubble?

by Jesse’s Café Américain

I wonder how far they are willing to take this stock bubble?

It can keep drifting while there is no adverse geopolitical or economic news.

But the economic recovery is faltering. Or perhaps it would be more correct to say that the illusion is fading.

Have a pleasant evening.

 

 

 

[…]

According to Capital Economics, the “U.S. Economy ‘Remains in Good Health” … Yup

According to Capital Economics, the "U.S. Economy ‘Remains in Good Health" … Yup pic.twitter.com/UEjxyWbw85

— zerohedge (@zerohedge) March 4, 2015

This plant-based gel can stop bleeding in seconds

A small bio-tech company called Suneris located in the New York City borough of Brooklyn wants to improve the bandage industry with a plant-based gel they’ve named Vetigel. Some have dubbed the product the band-aid of the future. It is, at the time of this posting, only approved for use on animals by veterenarians. Suneris hopes it will be approved by the FDA for human use.

[…]

Ben Bernanke: Presidents should get the power to declare economic emergencies along the lines to declare war

WASHINGTON (MarketWatch) — Presidents should get the power to declare economic emergencies along the lines to declare war, said former Federal Reserve Chairman Ben Bernanke on Monday.

While the Fed retains the authority it needs to respond to another financial crisis, financial crises “tend to have a certain chaotic element to them,” that no one can predict, Bernanke said during a panel discussion sponsored by The Hutchins Center on Fiscal […]

Police Killings Grossly Underreported: You’re 55 Times More Likely to be Killed by a Police Officer than a Terrorist

by WashingtonsBlog Police Killings Grossly Underreported

We previously reported that Americans are 9 times more likely to be killed by a police officer than aterrorist.

But it turns out that our numbers were incorrect …

This isn’t surprising, given that:

“Reliable estimates of the number of justifiable homicides committed by police officers in the United States do not exist.” A study of killings by police from 1999 to 2002 in […]

A key to understanding the news: the unexpected rules in our age of wonders.

by fabiusmaximus

Summary: We’re in an age of wonders where the news overflows with unexpected events, things not predicted by even our greatest experts. Today we discuss two common responses to this, both ineffective: blindly accepting experts’ explanations that it’s all understood, and throwing away their advice as imperfect. There is a third and better way.  {2nd of 2 posts today.}

“History doesn’t always repeat itself. Sometimes it just screams, ‘Why […]

NYC schools to close for 2 Muzzie holidays!

NEW YORK –  The nation’s largest public school system will observe the two most important Muslim holidays starting next fall, a policy change hailed Wednesday by Islamic leaders in New York City.

Under the new policy, the city’s 1.1 million-pupil public school system will close on Sept. 24 for Eid al-Adha, which is also known as the Festival of Sacrifice. The holiday of Eid al-Fitr, marking the end of Ramadan, […]