Oil Collapse: This Could Be the Most Destructive Economic Situation Since ‘Great Depression’

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; The typical low-income U.S. household has only 9 days of income saved in the bank or at home.

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 […]

How screwed up is the world when savers have to pay banks to keep their deposits and those same banks turn around and pay debtors on their mortgages? This will end badly.

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 […]

Strong Dollar Squeezes U.S. Firms, Rising Currency Takes a Toll on Sales and Profits; Stocks Drop as Capital Spending Slows, Too

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 […]

Fund Manager: PMs Raided to Prevent Feb Delivery Run on COMEX Gold!

http://www.SilverDoctors.com http://www.SDBullion.com

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 […]

New Housing Bubble: Prices Up, Ownership Down, Wall Street a Mega-Landlord: “America is Becoming a Nation of Renters”

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 […]

Is Another “Mortgage Meltdown” on the Way?

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.

State Department Discusses Banning Alternative Media Outlet

The US State Department has openly discussed shutting down RT, the Russian news network.

Assistant Secretary of State Victoria Nuland was asked about the idea of shutting the company down at a meeting at the Brookings Institution. She said no, paying lip service to Freedom of Speech, but citing RT’s limited reach as the real reason.

The incident goes to demonstrate exactly how much censorship exists in the United […]

China Knocks US from Top Spot In Worldwide Foreign Investment

More foreign direct investment flowed into China than the US in 2014, bumping the US off the top spot for investment in the world, a position it has held since 2003.

China attracted $127.6 billion in foreign investment in the past year, far more than the $86 billion that flowed into the US, according to figures published by the United Nations Conference on Trade and Development (UNCTAD) on Thursday.

[…]

Total News Blackout In Canada – People vs Central Bank

We do not have to explain that one of the GREATEST FRAUDS of all time is the central banking hoax. We the people of Canada own the central Bank but it was stolen in 1974. In a class action suit filed by Lawyer Rocco Galati on December 12, 2011 there has been a complete News Blackout regarding the proceedings of this lawsuit.

UPDATE: BREAKING NEWS – No one else will […]

Big Oil Wants North Dakota to Ease Radioactive Waste Laws

Amid falling oil prices nationwide, energy industry players in North Dakota want officials to alter radioactive waste disposal laws so that more toxic fracking fluid can be stored in-state, saving companies tens of thousands of dollars per truckload.

Radioactive waste from the energy industry is currently sent outside North Dakota, due to rules that bar state landfills from accepting more than a minor amount of radiation.

The state’s hydraulic […]

Washington Allows Crimea Residents US Bank Accounts, Money Transfers

US Treasury has revised sanctions regime in Russia’s Crimea, allowing residents of the peninsula to operate US bank accounts. Crimeans will also be able to send and receive non-commercial personal money transfers.

Washington is easing the latest restrictions it imposed on Crimeans on December 19, making concessions to those residents of the peninsula that were not earlier specifically blacklisted by the US.

READ MORE: Obama authorizes ‘economic embargo’ on […]

Yellowstone Volcano: Awakening of the Sleeping Giant, Extinction Level Event

As of January 29, 2015, Hank Hessler, a park geologist stationed at Yellowstone National Park since 2002, publicly announced and put only a 2 week time-frame for the supervolcano located under the park to erupt.

Although no one knows for sure if Hessler’s prediction will come true, it does set an eerie overtone for people located within a 1000 mile swath of the park.

Interestingly enough this information dovetails […]

‘Plan C': FBI’s Cold War Preparation for Nuclear Attack and Martial Law

The United States government made extreme, top-secret plans for preserving national security in the event of a nuclear attack during the Cold War, according to documents recently released to transparency journalism organization MuckRock. The FBI created “Plan C” in 1956, the same year the Red Army shut down the Hungarian Revolution, and if activated, Plan C would have put the nation under martial law and allowed for nearly 13,000 […]

Massive 7-Alarm Fire Rips Through Brooklyn Warehouse, 4 Million Boxes of Records Gone

Firefighters were battling a stubborn seven-alarm inferno that ripped through a Brooklyn waterfront warehouse Saturday afternoon, fueled by mountains of records from city agencies.

The FDNY was first called to the CitiStorage facility on N. 11th St. by the East River in Williamsburg about 4:30 a.m. for a small fire in shelving unit, officials said. By the time emergency responders arrived, sprinklers had nearly extinguished the fire, which firefighters […]

WTF! Police Go Door to Door Asking for Blood Samples In Canada

Police in Windsor, Ont., have ordered hundreds of DNA testing kits and are going door-to-door in a residential neighbourhood — near where former prime Minister Paul Martin grew up — asking everyone to provide a blood sample to rule themselves out as a suspect in the murder of a pregnant woman.

The unusual mass request for a blood sample prompted more than 500 Sheep to agree and a “handful” […]

Patriot Act: Section 215 Is Set to Expire In June, Will Congress Be Ready?

You may have heard that the Patriot Act is set to expire soon. That’s not quite the case. The Patriot Act was a large bill, as were the reauthorizations that followed in 2005 and 2006. Not all of it sunsets. But three provisions do expire on June 1st: Section 215, the “Lone Wolf provision,” and the “roving wiretap” provision.

All of these sections are concerning, but Section 215 takes […]

FACT: The 3 Deadliest Drugs In America Are All Legal

As the US debates drug policy reforms and marijuana legalization, there’s one aspect of the war on drugs that remains perplexingly contradictory: some of the most dangerous drugs in the US are legal.

Don’t believe it? The available data from the Centers for Disease Control and Prevention (CDC) shows tobacco, alcohol, and opioid-based prescription painkillers were responsible for more direct deaths than any other drug in 2011. This chart […]

Psychological Warfare: New British Elite Unit to Specialize In Shaping Behavior On Social Media

The British military is to form a new specialist force in “non-lethal” forms of psychological warfare using social media such as Twitter and Facebook to tackle the “asymmetric battlefields” of the 21st century.

The brigade will number 2,000 and will be made up of regular troops from all three services, as well as reservists and civilians, British media report.

It will attempt to draw the best talent from the […]