Sources: “Is Your Pension Courting Catastrophe? – Bloomberg View” http://www.bloombergview.com/articles… “Detroit attorney says pension cuts actually close to 50 percent – World Socialist Web Site” http://www.wsws.org/en/articles/2014/… “Public service unions not entitled to $28B pension surplus, says Supreme Court | Toronto Star” http://www.thestar.com/news/canada/20… “Portugal raids pension funds to meet deficit targets – Telegraph” http://www.telegraph.co.uk/finance/fi… “Hungarian savers say government is stealing their pensions | Reuters” http://www.reuters.com/article/2014/1… “Russia Seized Citizens Pension Funds. […]
By Michael Snyder
Radical leftists have been catapulted to power in Greece, and that means that the European financial crisis has just entered a dangerous new phase. Syriza, which is actually an acronym for “Coalition of the Radical Left” in Greek, has 36 percent of the total vote with approximately 80 percent of the polling stations reporting. The current governing party, New Democracy, only has 28 percent of the […]
Today on The Janssen Report (#91): why have we allowed thin air to be a cashflow generating asset? This in essence what the banking system has created for itself: creating an interest-generating asset (= loans) by typing numbers in a computer.
With the Swiss National Bank unpegging the Franc from the Euro and Mario Draghi of the ECB announcing massive asset and bond buying at 60 billion euros a […]
Last October, IBM (IBM) chief executive Ginni Rometty vaguely hinted the company’s self-styled makeover to analytics, cloud, mobile and security specialist could mean yet another round of layoffs, following last year’s firing of 10,000 workers with another 1,700 shown the door in 2013.
But that was small potatoes compared to what might hit IBM next week amid one report the vendor is prepping to lay off what could amount to […]
Iran no longer uses the US dollar in foreign trade transactions, replacing it with other currencies, the deputy governor at Iranian Central Bank told the Tasnim News Agency Saturday. “In trade exchanges with the foreign countries, Iran uses other currencies, including Chinese yuan, euro, Turkish lira, Russian ruble and South Korean won,” Gholamali Kamyab told the news agency.
The official added that Iran was considering bilateral currency swap agreements, […]
Winter Storm #Juno has been named, and this one could be huge for the Northeast: http://t.co/N3RpwTg5qD pic.twitter.com/azpSoQBX0y
— The Weather Channel (@weatherchannel) January 25, 2015
Winter Storm Juno will be a major snowstorm for the Northeast Monday and Tuesday. Blizzard watches have already been issued for parts of southern New England and Long Island.
Juno was named by the winter storm naming committee at The Weather Channel on Sunday […]
Europe just started waging currency war on the U.S.
U.S. hedge fund manager Ray Dalio pointed out in Davos yesterday that talk of purposeful currency devaluation to make up for an economy’s inefficiency — the engine of currency wars — is a “conversation that is not polite to have.” He is, perhaps, a little behind the times. World leaders increasingly feel comfortable talking openly of their plans to drive down exchange rates.
MUST READ: #oil plunge to siphon Gulf #petrodollar from global markets http://t.co/co43z7fJpM #OPEC #energy pic.twitter.com/Yq6VwqPM9J
— Javier Blas (@JavierBlas2) January 19, 2015
(Reuters) – Plunging oil prices could prompt Gulf Arab sovereign wealth funds to pull tens of billions of dollars out of global markets this year, with much of the money expected to come out of U.S. dollar debt and deposits with banks abroad.
But – in a […]
Start accumulating Real Gold Money Today: http://RealGoldMoney.com
Gold is now one of the hottest commodities in the global financial markets, thanks in large part to a series of fundamentally bullish events. The precious metals complex was first lifted past 1300 by a surprise announcement by the Swiss National Bank, which stated that it will discontinue its policy of artificial currency devaluation and thus triggering radical strategy adjustments amongst the […]
By BILL BONNER, CHAIRMAN, BONNER & PARTNERS on JANUARY 22, 2015
The best things in life are free But you can keep them for the birds and bees Now give me money That’s what I want
– “Money (That’s What I Want)” by Berry Gordy
We have high hopes for 2015. It is starting off so well. Only three weeks in and […]
Central banks are in combat mode.
On the front lines: Europe, Denmark, Canada, Switzerland, Peru and India. Each of their central banks has taken unprecedented and dramatic action to ease policy and weaken their currencies in the past few days.
Central bankers may say they’re ramping up the fight against worryingly low inflation, exacerbated by the dramatic plunge in oil prices. But the immediate, and perhaps most effective, impact of the […]
Chris Waltzek, Goldseek Radio, Released on 1/22/15
Dr. Martenson says price forecasting has been compromised by market intervention. Nevertheless, manipulation schemes will come to an abrupt halt in 2015-2016; he’s coined a new phrase to describe the event: peak central bank credibility, which will mark the zenith of totalitarian control and a new beginning of personal freedom. Trillions of unregulated, interest-rate sensitive derivatives are threatening to topple the global economy; […]
BY JOHN WARD
No longer in step, the two powers in Europe must clash – or the Eurozone will become a de facto Dollar colony
As a senior Russian banker hinted yesterday that Russia is building a global alternative to the Swift bank-transfer system, Angela Merkel has allegedly been telling David Cameron that she thinks the Draghi QE “a very, very bad thing”.
Merkel is the last person on […]
From Tom McClellan’s Chart in Focus:
Last week I wrote about how big federal deficits are good for the stock market. They are bad for total indebtedness that we are leaving for our grandchildren to deal with, but they are great for stock market investors. In a similar way, when there is a very small deficit or even a surplus, it tends to be a big negative factor for […]
Earning for US companies continue to decline.UPS takes a hit this holiday season as earning drop. US manufacturing slows. Baltic dry index falls again. Existing home sales fell 3.1% in 2014. Bill proposed to allow non citizens to vote. Ukraine pushing war agenda and keeps the shelling up against Donetsk region. Yemen government has fallen and the propaganda begins with the Islamic State gaining ground in Yemen. The Islamic […]
In this week’s Metals & Markets, The Doc & Eric Dubin break down the ECB’s massive €60 billion a month QE announcement Thursday, and discuss whats next for the global markets and gold & silver in particular:
Gold & silver’s strong January continues with silver $4 off its lows and gold nearly $200 off its December lows Cartel setting metals up for a Classic Gold & Silver raid on next week’s options […]
Rajan: “Today, debt is making it difficult for developed countries to resume pre-2008 growth rates” http://t.co/hi4QoAqSA8
— Project Syndicate (@ProSyn) January 18, 2015
Today, debt is making it difficult for developed countries to resume pre-2008 growth rates, let alone restore the levels of GDP that would have been attained if the subsequent Great Recession had not happened. Meanwhile, industrial countries’ overall debt/GDP ratios are continuing to grow.
In emerging […]
by James Quinn
I tend to ignore most of the data spewed by the government and regurgitated by the compliant MSM. I saw the blaring headlines about housing starts hitting seven year highs, blah, blah, blah. The cheerleaders in the MSM sure did make it sound like things were rosy in the housing market. Yippee. They don’t mention that 30% of all the starts are for apartments, because young people […]
Full of global leaders, policymakers, business gurus and the odd music star, the attendees at the World Economic Forum (WEF) at Davosaren’t short of a dollar or two. But they might well be at the end of the week — with some of the food prices around town proving to be a little hard to stomach.
At the posh Steigenberger Grandhotel Belvédère, a conference hotspot, even humble menu items can […]
— trutherbot (@trutherbot) January 20, 2015
Japan approves record defence budget, record $42b budget is to boost defences of disputed islands amid China’s assertiveness in the region
Japan’s cabinet has approved the country’s largest defence budget, with plans to buy surveillance aircraft and F-35 fighter jets to improve defences of disputed islands amid China’s increasing assertiveness in the region. Prime Minister Shinzo Abe’s Cabinet endorsed on Wednesday a nearly […]
Sources: “More homeless camps are appearing beyond downtown L.A.’s skid row – LA Times” http://www.latimes.com/local/californ… “$213 million earmarked to track L.A. homeless by computer, house 1,400 – LA Times” http://www.latimes.com/local/lanow/la… “Housing Weak Even With Government Programs and Big Bank Interest – Bloomberg View” http://www.bloombergview.com/articles… “Monthly US Rents Keep Climbing, Especially in San Francisco – ABC News” http://abcnews.go.com/Business/wireSt… “The 7-year slump: Why the global economy can’t seem to get started […]
Investment banker Catherine Austin Fitts predicts that 2015 is going to be “volatile and violent.” Fitts says, “I think 2015 is going to be a very rough year. I think you have to be prepared for wild swings. We’ve seen oil come down 50%.” Fitts also points out, “The creative destructive aspects are pretty scary.”
Are we going to have a big U.S. dollar devaluation at some point? Fitts […]
Though it is exceedingly politically incorrect to mention it publicly, a financial war between the generations is being fought in the U.S. and every other developed nation that has promised […]
KEY WEST, Fla. (AP) — Millions of genetically modified mosquitoes could be released in the Florida Keys if British researchers win approval to use the bugs against two extremely painful viral diseases.
Never before have insects with modified DNA come so close to being set loose in a residential U.S. neighborhood.
“This is essentially using a mosquito as a drug to cure disease,” said Michael Doyle, executive director of the […]
The result is the opposite of America’s hope for the past half-century of dividing and conquering Eurasia: setting Russia against China, isolating Iran, and preventing India, the Near East and other Asian countries from joining together to create an alternative to the U.S. dollar area.
American sanctions and New Cold War policy has driven these Asian countries together in association with the Shanghai Cooperation Organization as an alternative to NATO, […]
According to the Clinton administration, the use of guns saves more lives than they cost having them around. Many more lives. Estimates range anywhere from three times (NCVS) to 50 times (Kleck and Gertz) more lives are saved than lost with guns.
This has been validated by mountains of independent research:
Here we go. I found a copy with Archive.org.
The copy on Archive.org:
Every war, including world wars, have the first shot, that event that, when history looks back, says the war began. That happened this week. We are now in WW3. The battle has been going on for sometime, but it could not be said it was more than a COLD war. Now the Actual Gun Battle has begun. Because we are early into this war, it may not be clear […]
Most American workers earn below $20 per hour
— Conrad Hackett (@conradhackett) January 26, 2015