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Category Archives: Financial
The Retail Death Rattle
The entire economic recovery storyline is a sham built upon easy money funneled by the Fed to the Too Big To Trust Wall Street banks so they can use their HFT supercomputers to drive the stock market higher, buy up … Continue reading
Supreme Court to Hear Case on Forced Unionization
The Supreme Court will hear arguments about forced unionization among government workers on Tuesday in a case that could greatly curtail powerful labor groups. At issue is an Illinois law crafted by imprisoned former Gov. Rod Blagojevich (D.) and enforced … Continue reading
The Future of Money – Trace Mayer at Inside Bitcoins 2013 Las Vegas
If just one percent of the assets in offshore tax haven bank accounts come into bitcoin.. 2.8 million USD per bitcoin httpv://www.youtube.com/watch?v=0dNawEe8M1Y
Amazon to collect NC sales tax
Amazon has succumbed to North Carolina’s wish of charging sales tax to state customers. The online retailer confirmed Saturday that it will charge sales tax starting Feb. 1. Amazon currently collects state sales taxes in 19 states, including Virginia. Because … Continue reading
Where’s the Gold?
The revelations about the transfer of gold from the West to the East keep coming. Germany has come to the realization that their 674 tons of gold is missing. The question is what is Germany going to do? And then, … Continue reading
Go where the Chinese government is going: Jim Rogers
Posted in Editorial, Financial
Tagged Jim Rogers
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COMEX IS IN DEFAULT ON DECEMBER GOLD CONTRACT!
httpv://www.youtube.com/watch?v=9nKzhaC4fV4#t=1s
Chinese Stocks Tumble On Contagion Concerns From First Shadow-Banking Default
While manufacturing and services PMIs disappointed, the big problem in big China remains that of an out-of-control credit creation process that is blowing up. As we previously noted, instead of crushing credit creation, the PBOC’s liquidity rationing has forced distressed companies … Continue reading
Posted in Editorial, Financial
Tagged Contagion, Shadow-Banking Default
Comments Off on Chinese Stocks Tumble On Contagion Concerns From First Shadow-Banking Default
Here It Comes: Obama Considering Executive Order To Raise Minimum Wage
Moments ago The Hill reported that what many thought was absolutely impossible, may in fact become a reality: President Obama is considering issuing an executive order (#394,039,993,837?) to raise the minimum wage for Federal Workers… and in the process – … Continue reading
Posted in Domestic Enemies, Editorial, Financial
Tagged Executive Order, Minimum Wage, Obama
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House easily passes $1T omnibus spending bill with 359-67 vote
The House on Wednesday easily approved a $1 trillion omnibus spending bill that would fund the government for the rest of fiscal 2014 and let Congress avoid the risk of a shutdown until the end of September. Members voted 359-67 … Continue reading
Obama puts NC State in charge of electronics innovation effort
North Carolina State University will lead a group of six universities and 18 private-sector companies in a new manufacturing innovation institute, President Barack Obama announced Wednesday during a visit to the Triangle. The Next Generation Power Electronics Innovation Institute will … Continue reading
Milton Friedman – Greed
httpv://www.youtube.com/watch?v=RWsx1X8PV_A “That is a beat-down of everything that’s being said right now,” Glenn Beck said. “[But] nobody is articulating it that way. He asks the question: Where in the world does greed not rule?” What makes Friedman’s delivery so unique … Continue reading
Big Banks Launder Hundreds of Billions of Illegal Drug Cartel Money … But Refuse to Provide Services for Legal Marijuana
The big banks have laundered hundreds of billions of dollars for drug cartels. See this, this, this, this, this and this (indeed, drug dealers kept the banking system afloat during the depths of the 2008 financial crisis). The HSBC employee who blew the whistle on the banks’ money laundering for terrorists and drug … Continue reading
Marc Faber Warns “The Bubble Could Burst Any Day”
Faber on the Fed and how far the ‘rubber band can be stretched’: “We have to distinguish between the financial economy, the financial sector, and the economy of the well-to-do people that benefit from rising asset prices, from rising prices of … Continue reading
Posted in Editorial, Financial
Tagged Marc Faber
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Stick a Fork in It
The media continues to ignore one of best signals of an impending economic downtown (or more likely collapse). There are several factors in play economically that should be considered in conjunction with this news: 1. The collapse of the labor … Continue reading