Have you ever wondered how the big banks make such enormous mountains of money? Well, the truth is that much of it is made by gambling recklessly. If they win on their bets, they become fabulously wealthy. If they lose on their bets, they know that the government will come in and arrange for the banks to be bailed out because they are “too big to fail”. Either they will [...]
Reckless money printing by Federal Reserve Chairman Ben Bernanke has pumped up the Dow to a brand new all-time high. So what comes next? Will the Dow go even higher? Hopefully it will. In fact, it would be great if the Dow was able to hit 15,000 before it finally came crashing down. That would give all of us some more time to prepare for the nightmarish economic crisis that [...]
An immensely powerful international organization that most people have never even heard of secretly controls the money supply of the entire globe. It is called the Bank for International Settlements, and it is the central bank of central banks. It is located in Basel, Switzerland, but it also has branches in Hong Kong and Mexico City. It is essentially an unelected, unaccountable central bank of the world that has complete [...]
Why are so many politicians around the world declaring that the debt crisis is “over” when debt to GDP ratios all over the planet continue to skyrocket? The global economy has never seen anything like the sovereign debt bubble that we are experiencing today. The United States, Japan, and nearly every major nation in Europe are absolutely drowning in debt. We have heard a lot about “austerity” over in Europe [...]
From Thomas Stanley:
The holiday shopping frenzy begins this week! Therefore, I thought it might be a good time to run a blog post from last year entitled “Black Friday Blues.”
The theme of the post is that in most cases, the retail prices on popular consumer products are not at their lowest the Friday following Thanksgiving. Certainly there are some items that are offered at steep discounts. These are the headliners [...]
“For those of you who are unaware: There is a massive sinkhole in Louisiana that we’ve been monitoring. It’s in the top of a salt dome, and it’s very near to another salt dome being used to store a great deal of butane. Here are the articles regarding it, in chronological order.
August 12: This is a developing story – those of you in Louisiana please take note.
I do not always agree [...]
Stuff costs too much. Seriously. Every time I go to the grocery store these days, I am absolutely horrified by the prices. I try not to buy anything that is not on sale, but the problem is that I am discovering that the new sale prices are the old regular prices. So now paying what used to be “full price” is supposedly a “good deal”. The other way that [...]
I recently moved back to Berlin after four years in London, and it seems half of London had the same idea. When I walk down the familiar streets of my old neighbourhood, where the most exotic sight used to be the local kebab shop, I now hear posh kids from the home counties discuss their nightly exploits and see stylish Swedes sipping espressos. It all suddenly feels like Dalston.
I was [...]
August 7, 2012
Last week the House passed yet another bill placing sanctions on Iran and Syria, bringing us closer to another war in the Middle East. We are told that ever harsher sanctions finally will force the targeted nations to bend to our will. Yet the ineffectiveness of previous sanctions teaches us nothing; in truth sanctions lead to war more than they prevent war.
Until last year, Libyan sanctions were [...]
Are you ready to have a microchip implanted into your brain? That might not sound very appealing to you at this point, but this is exactly what the big pharmaceutical companies and the big technology companies have planned for our future. They are pumping millions of dollars into researching “cutting edge” technologies that will enable implantable microchips to greatly “enhance” our health and our lives. Of course nobody is [...]
Are we rapidly approaching a moment of reckoning for the global financial system? August is likely to be a relatively slow month as most of Europe is on vacation, but after that we will be moving into a “danger zone” where just about anything could happen. Historically, a financial crisis has been more likely to happen in the fall than during any other time, and this fall is shaping [...]
Since when have the authorities NOT TAKEN LIBERTIES with private
cell phone records to PLACE PEOPLE AT THE SCENE OF A CRIME?
Sadly, This has become THE GO TO practice for Police Investigations.
This LAZY Police State Tactic IS NOT BEING USED in this case…
and YOU WANT TO KNOW WHY?
A Phone Record Examination of James Holmes cell phone records
will indicate his phone WAS NOT used in the “person taking a cell phone”
ruse played out in the MSM and backed up by “witness Testimony.”
All over America the corn is dying. If drought conditions persist in the middle part of the country, wheat and soybeans will be next. Weeks of intense heat combined with extraordinarily dry conditions have brought many U.S. corn farmers to the brink of total disaster. If there is not significant rainfall soon, many farmers will be financially ruined. This period of time is particularly important for corn because this [...]
We always knew that the financial markets were rigged, but this is getting ridiculous. It is now being alleged that 20 major banks have been systematically fixing global interest rates for years. Barclays has already been fined hundreds of millions of dollars for manipulating Libor (the London Inter Bank Offered Rate). But Barclays says that a whole bunch of other banks were doing this too. This is shaping up to be [...]
The greatest environmental threat that we are facing is genetic modification. All over the globe, scientists are treating the fabric of life as if it was a playground where anything goes. Behind closed doors, scientists all over the planet are creating some of the most freakish and most bizarre monsters that you could possible imagine, and very few people seem concerned about it. But the truth is that messing [...]
When most people think of “Big Brother”, they think of the FBI, the CIA, the NSA, the Department of Homeland Security and other shadowy government agencies. Yes, they are definitely watching you, but so are many big corporations. In fact, there are some companies that are making tens of millions of dollars by gathering every shred of information about all of us that they can and selling it for [...]
#1 There Will Be Fewer Jobs For American Workers
In the United States today, 53 percent of all college graduates under the age of 25 are either unemployed or underemployed. Many of them are absolutely desperate for work.
Overall, there are more than 100 million working age Americans that do not have jobs right now.
Meanwhile, millions of illegal immigrants are occupying jobs that could otherwise be held by American citizens. Many employers prefer to [...]
What should be done with elderly Americans when they become very seriously ill? Should we try to save their lives or should we just let them die? Unfortunately, there is a growing consensus among the “intellectual elite” that most elderly people are not going to have a high enough “quality of life” to justify the expense of costly life saving procedures. This philosophy is now being promoted very heavily [...]
From A Lightning War for Liberty:
I have no idea why anyone is making a big deal about “The Bernank’s” testimony to Congress [yesterday]. There was no way he was going to come out with anything meaningful.
The only thing our favorite Keynesian sorcerer wants to do is get through the session in as painless a manner as possible. It would be completely foolish to rock the boat in any way during [...]
All over the United States, a vast network of surveillance cameras is carefully watching our highways. The following is an excerpt from a recent article in the Baltimore Sun about this phenomenon….
The room is large and well lit, and it buzzes with activity even though its occupants remain seated.
The video screen at the front of the room is as wide as an IMAX, though not quite as tall. It consists of [...]
#1 Most people don’t connect “beheadings” with North America, but the truth is that they happen very often down in Mexico in connection with the drug wars.
For example, just a few weeks ago 49 corpses without heads were found near the city of Monterrey, Mexico. It has become common practice for drug cartels to behead their enemies once they execute them.
In another shocking incident, 18 decapitated corpses were recently discovered near the [...]
The way that we tax people in the United States is fundamentally broken and should be completely discarded. The U.S. tax code is absolutely riddled with loopholes that allow the super rich to legally avoid taxes while many of the rest of us are being taxed into oblivion. In our system of taxation, middle class families that work hard and try to play by the rules are deeply penalized while [...]
The Economic Collapse
Wednesday, May 16, 2012
The bank runs that we are watching right now in Greece are shocking, but they are only just the beginning. Since May 6th, nearly one billion dollars has been withdrawn from Greek banks. For a small nation like Greece, that is an absolutely catastrophic number.
At this point, the entire Greek banking system is in danger of collapsing. If you had money in a Greek bank, why [...]
The great-great-great grandfather of Elizabeth Warren – who has long claimed to be part Native American – was not married to a Cherokee but actually rounded them up for the Trail of Tears, it has been claimed.
But the Senate hopeful has dismissed the embarrassing reports as ‘politics as usual’, and has brushed off calls for her to prove she did not use her questionable heritage to further her law career.
69 members of the U.S. House of Representatives have sent Barack Obama a letter expressing their concern that a new international treaty currently being negotiated would essentially ban all “Buy American” laws. This new treaty is known as the Trans-Pacific Partnership, and it is going to be one of the biggest “free trade” agreements in history. Critics are referring to it as the “NAFTA of the Pacific“, and it [...]
I was looking at New Zealand as a possible place to go and live until I found this graph of the NZ debt:
Thanks to Wikipedia New Zealand economy page.
Here’s a clip from a recent article in the New Zealand Herald about the National government setting up an authority so local councils and government bodies can go out to the international markets to borrow money for projects they couldn’t otherwise fund. [...]