from SGT Report.com:
Harley Schlanger the national spokesman forLarouchePAC joins me to discuss the very latest global news. We begin with the assassination of Boris Nemtsov and who is likely behind it as the Western banking powers lead the world closer and closer to WW3. Harley and I discuss the collapse of the EU and the fraud that is the Greece debt bomb. Harley reminds us of the need […]
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 […]
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.
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 […]
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 […]
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 […]
- 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 #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 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 […]
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 […]
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 […]
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:
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 […]
Beijing will increase funding for the military in 2015 by about 10%, The New York Times reports citing Fu Ying, the spokeswoman for China’s National People’s Congress.
This uptick in funding means that the military’s budget will likely grow faster than the Chinese economy this year.
Generally, China’s defense budget increases outpace GDP growth. But this latest increase is likely to be unprecedentedly large.
“This is the first time […]
Continuing our coverage of PDAC at CPM’s Silver Reception, Kitco News speaks with Pan American Silver chief Geoff Burns to see how his company is holding up with lower silver prices. “At current prices, there’s not a lot of deposits that make money,” he says. “It can’t stay at this price very long.” According to Burns, gold and silver prices should be headed higher given current market conditions and […]
Jim Comiskey has been fighting it out in the Chicago pits for 30 plus years.
He’s the first to admit that the markets are rigged. But that shouldn’t stop you from accumulated metals and profiting anyway. You’ve heard him on Craig Hemke/Turd Ferguson’s show for years.
He brings his sage wisdom to the current market situation and says be patient, it will pay off.
Click Here to Listen
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 […]
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…
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 pic.twitter.com/UEjxyWbw85
— zerohedge (@zerohedge) March 4, 2015
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.