Chris Powell of the Gold Anti-Trust Action Committee (GATA) says the evidence is clear that central banks are intervening in all futures markets. Powell charges, “The documents don’t prove that any particular central bank is trading any particular futures contract on any given day, but they do show the central banks are trading secretly in all U.S. futures markets. That means our market economy has been destroyed. It really means […]
By Michael Snyder
Make no mistake – there is now a state of open warfare on the streets of America. Earlier this year it was being reported that the number of police officers killed on the job was up 40 percent in 2014, and that was before all of the civil unrest caused by the deaths of Michael Brown and Eric Garner. At this point, attacks on police officers are becoming […]
Beijings airpocalypase- city on the verge of being uninhabitable, elite schools building air tight domes for kids sports
Beijing’s air quality has long been a cause of concern, but the effects of its extreme levels of pollution on daily life can now be seen in physical changes to the architecture of the city. Buildings and spaces are being reconfigured and daily routines modified to allow normal life to go on beneath […]
For some retirees, Congress has played the Grinch this holiday season.
Tucked into the federal spending bill were provisions that will allow certain struggling multi-employer pension plans to reduce benefits already being received by retirees.
The move was the result of an alarm from the Pension Benefit Guaranty Corp. that multi-employer plans covering more than 1 million participants are substantially underfunded and, without legislative changes, will probably fail. The deficit for PBGC’s […]
Ok, we CANNOT murder cops. We cannot give the government a reason to declare “State of Emergency” and whip out that Martial Law.
— CATTY NOIR (@AZEALIABANKS) December 21, 2014
Azealia Banks: We CANNOT murder cops and risk government declaring martial law
AL SHARPTON LEADS MARCH IN DC AS NYC PROTESTERS CHANT: ‘WHAT DO WE WANT? DEAD COPS!’ Joining the families of blacks killed by police, thousands marched toward the capitol and […]
America’s Big Five Are Plunging the World Into Another Banking Crisis
A comeback of the pre-crisis lending practices by the world’s biggest banks could end in another banking crisis. So, what exactly are the banking policies? Radio Sputnik is discussing it with former World Bank economist Peter Koenig.
In his story titled ‘Memories of Financial Crisis Fading as Risks Rise’ an AP economics writer Paul Wiseman points to several factors which banking analysts describe […]
December 20th, 2014
Prior to the crash of 2008 global trade was rocking. It was a boon for shipping companies around the world who are responsible for moving raw materials, commodities and consumer products from one country to another. Wall Street, of course, had devised a way to track all of this movement and often pointed to the Baltic Dry Index (BDI) as the primary indicator for health in the global […]
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With the US raising their debt ceiling, are we in a global bail-out bubble that will eventually burst? This doc offers a fresh insight into the greatest economic crisis of our age: the […]
by Sober Look
And so it begins… Collapsing crude prices are starting to make their way through the North American energy sector, as the most unprofitable oil & gas rigs are mothballed. Those flashing red numbers are not just on your screen any more.
Source: Baker Hughes
The closures have been particularly acute in Canada, where some 40 oil & gas rigs have been taken out of operation recently. In fact it’s not […]
December 22nd, 2014
Show and tell on your parents.
Here’s the latest plan to end gun violence – by encouraging concerned children to steal their parents’ gun from them and turn them in at schools, or perhaps police precincts.
Unbelievable, but it is happening:
The PSA video above shows a young teen dramatically rifling through his parents’ drawer, only to take out a handgun and put it in his backpack, all while his […]
Via Zero Hedge comments from AI Tinfoil,
The Global Monetary Reset is under way, but people have not noticed it yet. The key is the move to zero interest rates.
Government debt almost everywhere is too high to ever pay off, let alone pay a traditional rate of interest on. As debts come due, including as bond issues mature, the only option governments have is to roll over the debt and accumulated […]
The economic miracle in Texas continues.
Since the recession began in December 2007, 1.2 million net jobs have been created in Texas. Only 700,000 net jobs have been created in the other 49 states combined.
The remarkable employment growth in Texas looks even bigger considering its size relative to the rest of the U.S. Total non-farm employment has grown by 11.5 percent in Texas since December 2007. Employment in the rest of […]
OPEC is pointing the finger at speculators as well as Non-OPEC countries, but especially US shale producers for the crude price crash.
Let’s explore that idea in a series of charts. But first let’s take a look at the allegation.
The Wall Street Journal reports Gulf Oil Exporters Blame Non-OPEC Producers for Glut.
Read more at http://globaleconomicanalysis.blogspot.com/2014/12/opec-blames-speculators-non-opec.html#7YwUWBQA6cpDWH12.99
by Charles Hugh-Smith
A retrace that fills open gaps and kisses the 50-day moving average surprises everyone who was confident oil was heading straight down to $40/barrel.
When the conventional media ordains oil inevitably dropping to $40/barrel, I start looking for something else to happen–like oil going to $70/barrel. There are number of reasons this isn’t as farfetched as it might seem at the moment.
1. The huge gap begging to be filled […]
BY JOHN WARD
Having earlier explored the idea of dumping his Presidential candidate, Prime Minister Antonis Samaras now seems to be reaching out like the drowning man for any straw in the wind.
He has apparently been pootling about various salons in Athens offering to bring forward elections and make his Cabinet “more inclusive”.
I doubt very much indeed if this will cut any ice with his opponents….but we shall see.