Sources: “Stocks end lower; Caterpillar, Microsoft disappoint” http://www.cnbc.com/id/102371916 “BBC News – Apple posts the biggest quarterly profit in history” http://www.bbc.com/news/business-3101… “Strong Dollar Squeezes U.S. Firms – WSJ” http://www.wsj.com/articles/strong-do… “Budget Forecast Sees End to Sharp Deficit Declines – NYTimes.com” http://www.nytimes.com/2015/01/27/us/… “Doubts grow about mid-year rate hike, but Fed won’t express any – MarketWatch” http://www.marketwatch.com/story/doub… “1 in 3 on Disability Have Mental Disorder; 42.9% in D.C. | CNS News” http://www.cnsnews.com/news/article/a… “Fear […]
"So far all of the gains of the recovery have gone to the top 1 percent" @JustinWolfers http://t.co/tSmQFUVnEL pic.twitter.com/DTZsyxqgwU
— The Upshot (@UpshotNYT) January 28, 2015
Far better instead to focus on the average of the past two years. That average supports the narrative that the economic recovery so far has only boosted the incomes of the rich, and it has yielded no improvement for […]
by Dave Hodges
If you have most of your money tied up in the bank, you are either the most generous person in the world, or you are a fool of monumental proportions. Have you invested in developing the means to defend your property and family’s lives? Do you have enough food and water stored up to survive at least two years? Nearly every publication estimates the derivatives debt […]
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 […]
Greece will not pay the entire debt back, its not possible. Central bankers using terrorism in on the new Greek government. Caterpillar sales implode. Housing market numbers revised lower to keep the illusion alive that housing is improving. Baltic Dry Index below 700. Iran joining the Eurasian Union. The wealthy 1% are ready for the collapse and they have planned their escape routes. Ukraine wants the Donetsk and Luhansk […]
Stock market volatility during much of 2014 was as tame as a sleepy kitchen cat. But after a rally that’s lasted nearly six years, volatilty has seen a marked increase in 2015. This may only be the beginning.
Despite sinking oil prices, Norway this week signaled its commitment to drilling for Arctic oil by offering new leases in the region for the first time since 1994.
The Norwegian move came as President Barack Obama issued an executive order setting up new oversight of U.S. Arctic activity, including energy exploration. And it follows Denmark’s claim last month to oil and gas beneath the North Pole. (See related […]
oil drops more http://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic 44.28 Change -1.94 -4.20% Volume 278,243 Jan 28, 2015 2:11 p.m. Quotes are delayed by 10 min Previous close $ 46.23 Day low Day high $44.08 $45.83 US oil prices plummeted 4% today. That means they’re down 59% since June:
U.S.-crude prices landed at their lowest close in nearly six years on news that oil in storage is building up at a historic pace.
U.S. oil supplies […]
Athens (AFP) – Greece’s new hard-left government on Wednesday scrapped key privatisation tenders and pressed home its demand for debt relief, causing sharp falls on the Athens stock market as investors fretted over the risk of a default. Related Stories
Prime Minister Alexis Tsipras said his “national salvation” government would not sell a majority stake in the main ports of Piraeus and Thessaloniki, and would also halt the privatisation of […]
A heroic father and son took down two men on Saturday night after they threatened a mother and her children with a weapon following a minor car collision.
Gary Richie, 54, and his 35-year-old son Jacob were walking past Monster Jam in Orlando, Florida with their family when they saw the ruckus around 10pm and immediately intervened.
Shelley Mae Moore, 34, had been driving her brother and her children in […]
Apple rich enough to pay everyone $556
Apple’s (AAPL) printing money hand over fist. You knew that. What you may not know is that Apple has so much dough, it could afford to pay every man, woman and child in the U.S. $556. Each.
Selling high-priced hardware – over and over again – is creating a wealth-making machine like the world has never seen. Apple has now amassed a […]
World News Videos | ABC World News
New videos made public today by the government show a former American nuclear physicist covertly meeting with a man who he believed to be a Venezuelan intelligence officer in order to sell his expertise, as well as classified information, to the South American nation.
“This is very dangerous and I am doing it for money… I am, I told you, I’m not an […]
Russia has promised government spending cuts but more money for retirees and billions of dollars worth of support for banks as part of a plan to support an economy battered by low oil prices and sanctions.
The plan, published on the government’s website on Wednesday, foresees a 10 per cent reduction in ‘most categories of budget spending’ but, increases on welfare, which was the cornerstone of President Vladimir Putin’s election […]
Only two weeks after Facebook CEO Mark Zuckerberg released a strongly worded #JeSuisCharlie statement on the importance of free speech, Facebook has agreed to censor images of the prophet Muhammad in Turkey — including the very type of image that precipitated the Charlie Hebdo attack.
It’s an illustration, perhaps, of how extremely complicated and nuanced issues of online speech really are. It’s also conclusive proof of what many tech critics […]
A reporter becomes the target of a vicious smear campaign that drives him to the point of suicide after he exposes the CIA’s role in arming Contra rebels in Nicaragua and importing cocaine into California. Based on the true story of journalist Gary Webb.
Based on the True story of Journalist Gary Webb. The film takes place in the mid 1990s, when Webb uncovered the CIA’s past role […]