Cyber Attacks Growing In Frequency – Entire Western Financial System Is Vulnerable
The threat posed by cyber war to our increasingly complicated, technologically dependent and vulnerable financial institutions, markets, banks and indeed deposits becomes more clear by the day.
British and US agents will carry out a mock cyber attack or ‘cyber war games’ on the Bank of England and commercial banks in City of London and […]
In 1968, 22 hours of work on minimum wage bought you an ounce of gold, in 2011, 200 hours of work were required to afford an ounce of gold.
— trutherbot (@trutherbot) January 28, 2015
Today’s astonishing chart of the day graphs the US Federal minimum wage over the past 80 years….not based in fiat Federal Reserve notes…but based in real money: Gold. The US minimum wage has declined […]
Bad U.S. Policy Pushes Russia, China and Iran Closer Together
Heck Of a Job …
As the following headlines show, bad American policy has pushed Russia, China and Iran closer together:
China calls for new Asian security structure based on group with Russia, Iran that excludes US (Fox) Russia may build eight nuclear reactors for Iran (Reuters) Russia signs 30-year gas deal with China (BBC) Putin Post-Mortem: “Unipolar Model […]
One Radio Network was joined by Editor and publisher of the Golden Jackass and the Hat Trick Letter, Jim Willie, who as is stated at the very beginning of the interview, accurately predicted in 2013, the recent Swiss bombshell of unpegging their Franc from the Euro which recent sent the global economic community into shock.
Willie informs us that the “death of the US Dollar process has started”, that Germany […]
The definition of insanity is doing the same thing over and over and expecting different results.
I’m sorry, but I’m sick of people trying to lie to you and assure you that your vote for ANYONE in the presidential bread and circuses dog and pony show coming up in 2016 is going to matter in the slightest itty bitty teensy weensy little bit. Both sides of the carpet are […]
Calls to disconnect Russian banks from the global SWIFT interbank system came amid the deterioration of relations between Russia and the West, and the introduction of sanctions in response to Moscow’s alleged role in the Ukraine conflict. Russia’s response to a possible cut-off from the SWIFT international banking payment system will be “unrestricted,” Prime Minister Dmitry Medvedev vowed.
By Michael Snyder
A lot of ultra-rich people are quietly preparing to “bug out” when the time comes. They are buying survival properties, they are buying farms in far away countries and they are buying deep underground bunkers. In fact, a prominent insider at the World Economic Forum in Davos, Switzerland says that “very powerful people are telling us they’re scared” and he shocked his audience when he revealed […]
The new Greek government has spoken out against the EU partners over the statement that lays the blame for Saturday’s fatal attack on the Ukrainian city of Mariupol on Russia. Hungary, Slovakia, and Austria voiced similar objections earlier.
Lord Christopher Monckton believes there is climate change, but he does not believe man has anything to do with it. Lord Monckton says science will ultimately back up that claim. Why the recent push to do something about climate change that is also called global warming? Lord Monckton says, “I think they are panicking because they know that this process . . . cannot be kept going for very […]
FRIGID morning in #Northeast w/ temps mainly in single digits/teens as #Juno winds down; more #snow moves in tomorrow pic.twitter.com/dvGYX17CB1
— The Weather Channel (@weatherchannel) January 28, 2015
by Charles Hugh-Smith
As the dollar soars, so does the real yield on bonds denominated in dollars.
As central banks rush to depreciate their currencies and push yields into negative territory, what’s becoming scarce globally is real yield in an appreciating currency. Real yield is yield adjusted for inflation/deflation: if inflation is 3% and bonds yield 2%, the real yield is negative 1%. If inflation is negative 1% (i.e. deflation), […]
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter
Consumers are feeling practically euphoric. The Conference Board index jumpedalmost ten points to 102.9, the highest since August 2007, just before the whole construct came apart. Not that reality has suddenly improved that much. But hey, we’re born survivors. Sooner or later, we adjust to lower real incomes and reduced standards of living and start feeling good again.
This exuberance came just as our largest corporate citizens […]
After two rockets from the Syrian side of the border allegedly landed in the Israeli occupied territory of the Golan Heights on Tuesday, Israel has launched an immediate “response” of artillery fire into Syria.
The “exchange” comes only a week after an illegal Israeli military air assault inside Syria that resulted in the deaths of top Iranian and Hezbollah commanders who were in the country for the purposes of […]
The Russian military is putting the finishing touches to its very own heavy military UAV. The drone is part of a wider modernization effort, with the cutting-edge flagship S500 missile system coming in 2017.
The drone “already exists,” according to Russian Deputy Defense Minister Yury Borisov.
The heavy UAV, created in cooperation with the Federal Security Service (FSB), will perform “a variety of tactical, operational and strategic tasks,” said […]
Babies in US more likely to die before 1st birthday than babies in 25 other OECD countries
— Conrad Hackett (@conradhackett) January 28, 2015