The real reason jobs are harder than ever to win: not what you may think. The Census Bureau is now in on the scam-game. Median income jumped 5.2% last year? Yeah, right! The scam laid bare. Total corruption at the highest government levels: artificially propped-up asset bubbles, encouragement of consumer overleveraging, grotesque financial engineering, price manipulation, reckless risk-taking, false information fed to the citizenry. All these people should be in jail. Economy continues to deteriorate. 69% of Americans have less than $1,000 in savings. Cass freight rate now the worst since August, 2010. The horrendous cost of American war. Emerging market debt soaring again. More on economists’ misguided projections. A (rare) prediction. Advice re money in the bank.
Future demands on the budget that are not talked about publicly but which are destined to bring the country to its knees. Black men are running from the police not necessarily because of guilt but because of fear. The “wealth effect” is a scam created by governments and their willing central bankers. Why debt is responsible for lack of growth. Gallup Poll’s CEO talks about unemployment and economic growth. The ultimate in sleaze and hypocrisy: the Washington Post’s criticism of Edward Snowden, the very source of much of their recent journalistic success recently – and their Pulitzer prize!
The most massive economic expansion the world has ever seen. The most monumental tower of debt ever experienced. This cannot end well. A study of the possible consequences. The poor have all the leisure, the rich do all the work! The rich do this by choice and the unemployed have record amounts of inexpensive entertainment to fill their time. Keynes, for all his faults, predicted something like this. Medically uninsured numbers continue to grow. The. U.S. is one of the most depressed countries in the world. France headed towards civil war. Yesterday’s model of prosperity has reached it limits. Household income growth: more lies from the mainstream media. A recent example involving Bill Clinton. Your death: to fake it or not to fake it? Some advice. Given the choice between more time or more money, which would you pick?
How the entire population is being gradually entered into police data bases nationwide with few or no restraints. You have no rights against this and you have limited means to find out what has been written about you in police files and the contents may be used against you for life.
The banking system is in worse condition now than it was in 2008. My contributive comment at the anniversary of 9/11. Grim warning about your retirement and pension fund.
Kenneth Rogoff’s The Curse Of Cash is filled with drivel about why cash should be abolished. In the end, it’s just his political point-of-view; it has nothing to do with economic or financial considerations. The Wells Fargo scandal. More on subprime automobile loans which are gradually spilling over into the rest of the economy in which the debt is spiraling out of control. George Soros is a demented billionaire, by his own admission. Listen to the details. It’s rather scary. Why the unraveling of the debt will be so painful. More on the crisis of homelessness in America. Huge drop in the ISM services gauge.
Facebook’s recent purchase of Whatsapp almost certainly represents the change in Facebook’s fortunes. A lengthy explanation of why this is follows, reflecting the buyout frenzy of crazed investors that is almost certainly coming to an end. Identifying the beginning of the economic collapse. Business bankruptcies are soaring. The dog that became mayor. The manufacturing versus the service industry and why services do not create wealth. American eating habits have changed profoundly with Americans now spending more on eating out than on groceries. Sharp slowdown in all forms of transportation demand, a powerful indicator of recession.
Eerie parallels: identical (failed) fiscal policies, constant optimism, same levels of unemployment (22-25%), same soup line demographics (food stamps today), etc. Earnings and stock prices are going in different directions which is unsustainable. The story of the Dutch tulips and the consequences of printing too much money. The iniquities of Alan Greenspan rehashed. The insanity of Keynes. Change in the relationship between the American corporation and society since the 1950s.
10 easy tips and tricks that will turn you into a master conversationalist! Worth a listen. And do some more ‘thinking’, while you’re about it… The Canadian economy is contracting severely. Wal-Mart cutting 7,000 of its highest-paid workers. The obesity crisis in the U.S. Government employees outnumber manufacturing employees by a record number. The National Health Service (NHS) in the U.K. is in full crisis mode with a harrowing doctors’ strike about to launch. Obamacare continues its death spiral. Your computer has been or will be hacked with near-certainty. Advice for personal protection. The crass ignorance and stupidity of the Fed knows no bounds. The origins of the debt spree which began on August 15th, 1971.
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A backdrop to the current economic situation. All government efforts have the effect of retarding economic progress, rather than adding to it. The Japanese experience is instructive. Why the economy is vulnerable to a renewed downturn (the mortgage market). Why the economic situation is already locked into a death spiral. Domino’s Pizza have started drone delivery in New Zealand. Deutsche Bank’s continued slide into bankruptcy and its effect on the banking sector. Increases in disposable incomes impeded by lack of investment and fear. An appraisal of the Jackson Hole conference last week of central bankers and their friends and Janet Yellen’s pathetic contribution.