Category Archives: The Economic Decline

Economics, wealth building and finance and exactly what the category title suggests…

Your Money or Your Life

What’s Behind the Latest Government Scam to Rob You Blind?

“The fact is that the government, like a highwayman, says to a man: Your money, or your life. And many, if not most, taxes are paid under the compulsion of that threat. The government does not, indeed, waylay a man in a lonely place, spring upon him from the road side, and, holding a pistol to his head, proceed to rifle his pockets. But the robbery is none the less a robbery on that account; and it is far more dastardly and shameful.” ~ Lysander Spooner, American abolitionist and legal theorist

money-bag-360x200If a cop wrongfully attacks you, you cannot fight back.

If a SWAT team wrongfully raids your home, you cannot defend yourself.

If a highway patrol officer wrongfully takes your money or your valuable possessions, you cannot get them back without a lengthy, costly legal battle.

It used to be that the Constitution served as a bulwark against government abuses, excesses and wrongdoing.

That is no longer the case. Continue reading

The Weekender: September 10, 2016


panic-stocks-economy-360x200Stock Market Falls Dramatically As Fed “Backing Away From Easy-Money Policies”
Friday’s huge drop in the stock market is being attributed to market worries that the timeline for QE-free money is rapidly coming to an end, and that a rate hike could bring the economy screeching to a halt… (Continue to full article)

Today we had the expected correction in the markets. It was the first stock market move greater than one percent since the Brexit decision in July. Stocks came down hard on nothing particularly new. And bonds followed as yields rose, and the reckless pursuit of returns without regard to risks reversed… (Continue to full article)

mo moneeBoston Fed Head Backs Interest Rate Hike
GREED – it’s what’s for dinner – and WE are the dessert… (Continue to full article)

Stock Bubble Will Pop, Social Mood Will Get Ugly
‘Round and ’round the cobbler’s bench
The monkey chased the weasel,
The monkey thought ’twas all in fun
Pop! Goes the weasel. (Continue to full article)

Dell Lays Off 3,000
Requests 5,000 Worker Visas. If it’s Dell – it SMELLS!!! (Continue to full article)

Wells Fargo Fined For Massive Consumer Fraud
One of them could be my mortgage – OOPS! Close the account… (Continue to full article)

One-Percenters Now Destroying Dollar Stores
Making sure that the little guy has nowhere to shop… (Continue to full article)

What’s Killing the Jobs Market?
The terrible job market has vexed an entire generation. It shows no hope of improving anytime soon. Young people are shut out. College students are taking refuge in matriculation without end. Thirty-somethings are zoning out in their parents’ basements and attics. Despair for the future has become a theme of American public life… (Continue to full article)

Who are Worse Liars, Central Bankers or Politicians?
It matters not – it is an incestual relationship… (Continue to full article)

Back At Great Depression Levels: “Millions Of Strong Young Men Just Sitting Around
Someday when people look back, they won’t be surprised by the horrific collapse. They’ll be surprised the system was able to hold together as long as it did… (Continue to full article)

Duke Ellington with Paul Gonsalves

Crescendo & Diminuendo In Blue

This is the hit performance at the Newport Jazz Festival in 1956, which is now considered jazz folklore. Ellington calls it “The Wailing Interval” or “Blow By Blow.”

Gonsalves almost created a riot as he played a tenor sax solo for 27 choruses that stirred the crowd into a frenzy!

This shamefully under-rated and largely ignored tenor-sax giant delivers a lesson here on how to play, and swing, the blues.

Life, Liberty & All That Jazz may be heard at 1:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

Could it happen to you?

Meet the average Americans forced into poverty by accidents, ill-heath or tragic misfortune in searing photo essay exploring the crisis of the country’s hidden poor.

povertyWhile one in every seven Americans lives below the US poverty line, their stories remain largely untold. For Danish photographer Joakim Eskildsen, what he witnessed traveling around New York, California, Louisiana, South Dakota and Georgia for seven months was a far cry from the ‘mythical’ images he associated with the US as an outsider. But he found the American Dream was persistent within the country as well, working as a dangerous set of ideals that did not account for the realities of more than 45 million people. Eskildsen described his experience as ‘heartbreaking’ and said: ‘The influence of the mass media is massive. Many people experience themselves as losers since they cannot live up to the ideals that are presented to them on TV.’ (Read the REST of the Story)

The Economic Hell That’s Been Left For Millennials (And Everyone Else)

SlaveryByDesignFor all the reasonable criticisms and concerns that are often lobbed towards Millennials as a group, there are at least as many dishonest, self-serving, and often flat out wicked insults added to the mix.

To hear older generations (meaning, anyone older than a Millennial, from “The Greatest Generation” on down to Gen Xers) talk about Millennials, you might get the idea that everything was just peachy keen ’round here in ‘Merica ’til these idiotic, self-absorbed, lazy, apathetic, entitled little brats came long and wrecked everything. Continue reading

Government Workers Now Outnumber Manufacturing Workers by 9,932,000

alicelookingbehindcurtainGovernment employees in the United States outnumber manufacturing employees by 9,932,000, according to data released today by the Bureau of Labor Statistics.

Federal, state and local government employed 22,213,000 people in August, while the manufacturing sector employed 12,281,000.

The BLS has published seasonally-adjusted month-by-month employment data for both government and manufacturing going back to 1939. For half a century—from January 1939 through July 1989—manufacturing employment always exceeded government employment in the United States, according to these numbers. (Read the REST of the Story)

The Scam Wall Street Learned From the Mafia

How America’s biggest banks took part in a nationwide bid-rigging conspiracy – until they were caught on tape

Illustration by Victor Juhasz

Illustration by Victor Juhasz

Editor’s NOTE: What you are about to read is just over four years old – but it could have been written last night. What Taibbi published back in the Fall of 2012 is the story of Wall Street and Politics for ALL time. Small time players go to jail while the BIG crooks laugh and pour another snifter of Cognac in celebration. We are now into the final months of the 2016 (S)election season and these same Wall Street shysters are committing the same fraud on behalf of at least one of the Presidential candidates – much of it through HER Foundation – along with her Foreign Donors.

Change the dates if you wish – the beat goes on… To the wicked go the Spoils! ~ J.B. (Read FULL Story)

The Strange Story of a Murdered Banker in Puerto Rico

As you will soon realize – the long arm of the International Banksters is very long indeed – and they will stop at nothing to protect their power. Heed the warnings. ~ J.B.

Maurice Spagnoletti was hired to clean up Doral Bank.

Did he uncover something that got him killed?

murdered banker

Illustrations by Daniel Zender

On the day Maurice Spagnoletti was murdered, his black Lexus sedan was full of balloons. It was June 15, 2011, the day before his wife’s birthday, and he was planning a celebration.

Spagnoletti, 57, was the No. 2 executive at Doral Bank in San Juan, Puerto Rico. Once flush, the bank had been almost ruined by a fraud scandal, and in 2007 it was rescued by Bear Stearns, Goldman Sachs, and a group of hedge funds. The Wall Street investors had put up $610 million, but Doral continued to lose money, and they were losing patience. In late 2010, Doral hired Spagnoletti, a New Jerseyan experienced in managing large banks, with orders to reduce costs and get Puerto Rican operations under control. Continue reading

Clinton Destroys Medicare

death-of-medicareHillary Clinton is taking a sledgehammer to Medicare. In a move calculated to fire up the extreme left wing of the Democratic Party, presidential candidate Hillary Clinton pledges to open Medicare to people 55 to 64, and make a “public option” insurance plan for all ages. The 65-and-overs are already having a hard time finding a doctor willing to accept Medicare’s stingy payments. Clinton’s proposals will suddenly invite in millions more patients competing for the same doctors. Seniors, brace yourselves for long waits to see a doctor.

Medicare is stretched so thin to meet the needs of today’s seniors that expanding enrollment is like inviting the neighborhood for dinner when you don’t have enough to feed your own kids. Continue reading

The Secret Shame of Middle-Class Americans

Nearly half of Americans would have trouble finding $400 to pay for an emergency. I’m one of them.

food-holeSince 2013, the federal reserve board has conducted a survey to “monitor the financial and economic status of American consumers.” Most of the data in the latest survey, frankly, are less than earth-shattering: 49 percent of part-time workers would prefer to work more hours at their current wage; 29 percent of Americans expect to earn a higher income in the coming year; 43 percent of homeowners who have owned their home for at least a year believe its value has increased. But the answer to one question was astonishing. The Fed asked respondents how they would pay for a $400 emergency. The answer: 47 percent of respondents said that either they would cover the expense by borrowing or selling something, or they would not be able to come up with the $400 at all. Four hundred dollars! Who knew?

Well, I knew. I knew because I am in that 47 percent. (Continue to full article)

April 14, 2016: Tax Day is Nearly Here

hillary_tea-potHillary Promises a Trillion Dollars in New Taxes if Elected
Taking that kind money out of the economy and putting it into the hands of government bureaucrats will tank the economy. But of course, with so many members of the voting pubic not paying income taxes, this may actually be an attractive proposition to them… (Continue to full article)

Pay Up: Americans Spend More on Taxes Than on Food, Clothing, Shelter
Arguments can be made that the tax bill is too high or too low, but in order to have an honest discussion, it’s important for taxpayers to understand the cost of government. Tax Freedom Day helps people relate to that cost… (Continue to full article)

April 14, 2016: The Invasion Continues

no open bordersObama vouches for 10,000 unvetted Syrian refugees in America
Nearly 1,000 Syrian refugees have already passed through the US Embassy in Jordan, and resettled somewhere in America. According to the US Embassy refugee coordinator, Gina Kassem, the number of refugees could end up dwarfing the 10,000 target. “The 10,000 target is a floor, not a ceiling and it is possible to increase the number… (Continue to full article)

First “Refugee” Family Arrives in Kansas City Under New Obama “Surge” Program
The first Syrian refugee family to be relocated to the United States under the Obama administration’s new rapid relocation program is grateful for the opportunity to rebuild their lives… (Continue to full article)

IRS looks the other way at illegal immigrants’ Social Security fraud
Not every illegal immigrant using a fake number to get a job is engaged in that kind of fraud. But even that the fraud that the IRS is abetting can have consequences for credit ratings and benefits eligibility if the number belongs to or is later assigned to someone else. Is it any wonder that both identity and tax refund fraud would flourish when government agencies apply such lax procedures in dealing with the broader fraudulent use of Social Security Numbers? (Continue to full article)

Osama bin Laden demanded his followers invest in gold bars

osama… after the economic recession because he thought it would double in value

Former leader of Al Qaeda: Osama bin Laden was a keen investor and instructed his followers to put their money into gold

Osama bin Laden was a keen investor and instructed his followers to put their money into gold because ‘the overall price trend is upward’.

The former leader of Al Qaeda said in a letter to his underlings that the precious metal was a safe bet because it would double in price to $3,000 an ounce.

He joined the likes of billionaire George Soros in predicting that gold was the best option in the wake of the 2008 recession. (Continue to full article)

Employees pay 130% more for health care than a decade ago

Employees of midsize and large companies in 2015 paid an average of $4,700 for their health insurance, up from $2,001 in 2005, according to recent analysis from Aon Hewitt.

health_insurance riseBecause they are looking for solutions to high costs, companies are changing the design of their benefit programs, Aon Hewitt Senior Vice President Mike Morrow said, moving toward leaner plans. In fact, 38% of employers have increased their participants’ deductibles and/or copays in the last year, and another 46% may do so in the future, the report from Aon said. Continue reading

US Govt. admits Social Security going bankrupt

Warns public should be given ‘adequate time to prepare’ for the collapse

US-Bank-Collapse-Money-EconomyFor years now, government agencies, politicians, economists and pundits have tried to sound the alarm over the federal government’s out-of-control spending and spiraling national debt.

The predictions of dire financial consequences have actually been widely publicized in the mainstream. In July 2014, for example, The Hill reported on an analysis by the Congressional Budget Office that Congress’ and the White House’s inability to control or reform entitlement spending – considered to be politically radioactive by members of both parties – is collapsing the budget. Continue reading

Protecting YOUR Wealth: August 24, 2015


HP’s layoffs will exceed 55,000 people
HEY – let’s run Whitman for Prezzydent! (Read Full Story)

A&P notifies 3,781 N.J. workers of layoffs effective Thanksgiving Day
Chris Christy is a helluva a Governor – Heh? (Read Full Story)

Making Sense Of The Sudden Market Plunge
Are you prepared for further turmoil? (Read Full Story)

Bank of Italy: Gold As a Safe Haven Asset
This work verifies the safe haven property of gold during market turmoil. (Read Full Story)

The Federal Reserve is Not Your Friend
Imagine that the Food and Drug Administration (FDA) was a corporation, with its shares owned by the nation’s major pharmaceutical companies. How would you feel about the regulation of medications? Whose interests would this corporation be serving? (Read Full Story)

Banks Moved Billions In Derivatives Offshore
The story of how Wall Street’s giants got around derivatives rules imposed by the CFTC after the financial crisis. The fix: tweaking contracts and shifting deals offshore. (Read Full Story)

China On Track For a Record Year For Gold Bullion Withdrawals From the Shanghai Exchange
In the latest week 65.3 metric tonnes of gold bullion were withdrawn from the Shanghai Gold Exchange. So much for the ‘weak demand’ in China. (Read Full Story)

It’s Always Worse Than You Think
Global financial tumult has now attained sufficient momentum so that even U.S. markets can no longer remain comfortably oblivious. (Read Full Story)

This 2 Day Stock Market Crash Was Larger Than Any 1 Day Stock Market Crash In U.S. History
We witnessed something truly historic happen on Friday. The Dow Jones Industrial Average plummeted 530 points, and that followed a 358 point crash on Thursday. When you add those two days together, the total two day stock market crash that we just witnessed comes to a grand total of 888 points, which is larger than any one day stock market crash in U.S. history. (Read Full Story)

Black Monday…
When a market tips into a crash on a Friday, what typically happens is that the thousands or even millions of investors who believed the mainstream media and didn’t see it coming spend the weekend “stewing” over their investments – and many of them decide to bail out come Monday. (Read Full Story)

The Next Silver Bull Market May Have Already Started
And yet evidence for why prices are the way they are – and why they will eventually return from whence they came is ignored almost as a matter of routine. (Read Full Story)

Chet Baker Sings! [for E.C.]

Life, Liberty & All That Jazz may be heard at 11:00 a.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

Who Runs the Fed?

jewsfedres_smlThe 2008 financial crisis challenged many orthodox assumptions in finance and economics, including the proper role and accountability of central banks. The U.S. Federal Reserve, commonly known as the Fed, is the world’s most powerful central bank.

One major source of Federal Reserve power is its role as “lender of last resort,” lending directly to commercial banks through its so-called discount lending window. Traditionally, only commercial banks had access to the Fed’s discount lending since non-bank financial institutions were not subject to the same reserve and capital requirements as those imposed on banks. The other major source of the Fed’s power is its ability to purchase short-term Treasury securities. These restrictions on Fed lending and asset purchases helped support the central bank’s political independence from Congress and the White House by ensuring that Fed policy was socially neutral and did not favor particular sections of financial markets or particular private constituencies. But as the Federal Reserve’s lending and asset purchase powers expanded in unprecedented ways in 2008, these traditional restrictions were swept aside, exposing the flaws of central bank independence. (Read More)

Protecting Your Wealth: July 10, 2015


100 Million Americans Not Working As Workforce Shrinks
Is America hard at work? Or hardly working? I ask this because 430,000 Americans of working age (16 and older) dropped out of the workforce in June. (Read Full Story)

Some Group is Sitting On These Markets
“Gold is looking like the dog that just did not bark — but not uniquely so. Most safe-haven assets are looking distinctly lackluster, including the VIX index. Either 5,000 years of safe-haven buying has just become bunk, or there is a desire to portray what is evidently a financial and economic crisis as nothing to be concerned about.” ~ Ross Norman (Read Full Story)

OPM Hack Exposed Social Security Numbers of 21.5 Million People
Data breaches at the U.S. government’s personnel management agency by hackers, with suspicions centering on China… (Read Full Story)

The Coming Liquidation
Interest rates will have to rise, sooner or later; central bankers tremble when they see the slightest sign that interest rates are ticking up; they are trapped and wait in dread for the deluge of bond liquidation … (Read Full Story)

Kennedy, the Federal Reserve and Executive Order 11110
On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. Did this single act lead to the death of our President? (Read Full Story)

Barack Just Lost It with Alan Greenspan’s Warning for Owning Gold
The 20-year head of the U.S. Fed, just turned on Washington D.C., smeared egg on Obama’s face… and divulged his personal secret to safeguard our savings with Gold. (Read Full Story)

The Legend of Jacque Dupré
Take a lesson from the legacy Jacque Dupré left his only heir – the power of inter-generational wealth provision. It remains available – even today! (Read Full Story)

Beware: The Ide(a)s of ‘Rare Coin’ Dealers
An expose’ of the Pirates of the precious-metals underworld and how you can truly protect your ass-ets – from them! (Read Full Story)

Gold Price Forecast: Is Gold About to Hit $2,500?
Gold prices have plunged. But those that are holding the yellow metal needn’t worry. Soon, you might be able to buy gold for double, even triple today’s price. (Read Full Story)

Gold Price Manipulation: More Evident Now Than Ever Before
There’s increasing noise that questions whether gold prices are being manipulated.Given the current events in the eurozone especially, along with what’s happening elsewhere in the global economy, gold prices aren’t moving higher. In fact… (Read Full Story)

First Warning Signs of a 2008-Like Style Silver Shortage – Which Likely Will Be Far Worse
U.S. Mint suspends Silver Eagle sales – again – due to exploding demand, in this case the result of one of the most blatant Cartel raids since… drum roll please… 2008. (Read Full Story)

Dexter Gordon: Jazz Session ’73!

Life, Liberty & All That Jazz may be heard at 11:00 a.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

6 Tricks Banks Use to Drive Homeowners Into Foreclosure

Banks have become just mortgage servicing agents and foreclosure of your home is their new business model. Protect your home by learning about the tricks they play.

Loan Servicer Tricks

The Banks Business Model is Foreclosing on Homeowners Image by lewilljo

Most homeowners are unaware that their mortgage banks make more money from foreclosure than actual payment. Mortgage banks give as few modifications as possible and comply minimally with statutes put in place to protect borrowers, all while employing tricks to “cash in” on homeowners’ defaults, pushing them to foreclosure. The banks take the risk of litigation because few people sue, but getting legal assistance as soon as possible can make the difference between homeowners asserting their rights or losing their homes while being bulldozed by the bank. Continue reading

Dateline: February 12, 2015


Remember the China herdsman who found a giant gold nugget? The government does
Remember the lucky Chinese herdsman who recently stumbled onto a 17-pound gold nugget? Well, it seems China’s government hasn’t forgotten, as the nugget’s finder may now be forced to surrender his find to the state as a public “mineral resource.” (Read Full Story)

Ominous Tweet From Matt Drudge About Obama: “Like He Knows Something Terrible Coming… Very Unsettling”
What do you think? Does Drudge have the inside scoop? Or does he, like many Americans, understand that we are living on borrowed time and all signs are pointing to something terrible coming in the near future? (Read Full Story)

McConnell: DHS Funding Stuck In the Senate, Up To The House
Senate Democrats blocked debate on the DHS funding bill ­ which would fund all of DHS but defund President Obama’s executive amnesty ­ three times last week. (Read Full Story)
America is Choking: Operation Chokepoint
… the US government is waging a new war. It’s an undeclared war. It’s an underground war. It’s a covert war. But now, slowly but surely, more Americans are becoming aware of this war because they are finding out that they are the targets in this war. They have become the enemy of the state. That’s because this war is a war on small business in America. (Read Full Story)

Federal Election Commission to Consider Regulating Online Political Speech
Which could makes web-sites and blogs such as this one – greatly alter the information we share with our clients. (Read Full Story)

Net Neutrality = Price Controls
Price controls my assets. This is designed to CONTROL the internet and its’ content. (Read Full Story)

Business of Global Warming Fraud
The game is up. Time to end this con job. Too bad that the ‘Jig‘ isn’t up! (Read Full Story)

3 ways to make an extra $5,000 this year
It’s never a bad thing to have extra money in the bank to spend on essential (or non-essential) items. Unfortunately, getting that extra money isn’t as easy as snapping your fingers or opening up a Monopoly game. (Read Full Story)

Will the United States End Up Like Greece?
Don’t bend over before the IRS or you might find the answer. (Read Full Story)
Guess What Happened The Last Time The U.S. Dollar Skyrocketed In Value Like This?…
Over the past decade, there has been only one other time when the value of the U.S. dollar has increased by so much in such a short period of time. That was in mid-2008 – just before the greatest financial crash since the Great Depression. (Read Full Story)

KMPM banner_TMEShadow of Financial Crisis Has Not Passed Part III
But de Shadow be knowin’ too much fo’ my liking…. (Read Full Story)

Banks Overplayed Hand Fighting Regulation
The financial industry is finding that winning in Washington comes at a cost. (Read Full Story)

The Fed’s Accelerating Economy Theory Versus Tens of Thousands of Job Cuts
Increasingly, the Federal Reserve appears to be telling Americans: don’t believe your lying eyes — or ears. (Read Full Story)

Mountains of pre-packed food found in filthy rat-infested home of hoarder owner who thought he was preparing for the apocalypse
The unidentified man’s condo filled with boxes, cans, and piles of food across every square inch was found by the Hello Junk Removal company after they got a call about the conditions. (Read Full Story)

Two people have emigrated to the US for every new job since 2000, including at least 4.5 MILLION illegal immigrants, as Capitol Hill battle gathers steam
The pressures on America’s labor market could be extreme in coming years as wave after wave of immigrants crowd into the U.S. and compete for increasingly scarce paying positions. (Read Full Story)

Colorado brought in $44million in new sales taxes from recreational marijuana
Adding fees and pre-existing taxes from medical pot, which has been legal since 2000, and Colorado’s total 2014 pot haul was about $76 million. (Read Full Story)

YOUR Money: December 18, 2014

Fed Delays Parts of Volcker Rule Until 2017
The US Federal Reserve has given Wall Street banks even more time to comply with parts of the Volcker Rule, a key provision of the 2010 Dodd-Frank financial reform bill. The rule prevents federally-insured banks from using their own money when investing in certain risky assets. (Read Full Story)

China Buys 39 Tonnes Gold In Single Session
However, the rally was not sustainable. “As we are accustomed to seeing recently, interest dropped off during the Chinese break before USD $1,200 was breached in the afternoon session,” they say. The analysts add that silver also pushed higher on the back of renewed gold demand from China. (Read Full Story)

Traders Hoping That Russia Will Sell Gold
Russia’s surprise interest-rate increase failed to stop the plummeting ruble. Another tool available to repair economic havoc caused by sanctions and falling oil prices: selling gold. (Read Full Story)
Bankers See $1 Trillion of Zombie Investments Stranded in the Oil Fields
In a stunning analysis this week, Goldman Sachs found almost $1 trillion in investments in future oil projects at risk. They looked at 400 of the world’s largest new oil and gas fields — excluding U.S. shale — and found projects representing $930 billion of future investment that are no longer profitable with Brent crude at $70. In the U.S., the shale-oil party isn’t over yet, but zombies are beginning to crash it. (Read Full Story)

There’s a Blacklist in the $800 Billion U.S. Loan Market and It’s Not Illegal
Unlike any other market in the U.S., the blacklist rules in leveraged loans. No regulator polices trading in the $800 billion market. Here, borrowers — and the investors who control them — choose who gets into the club. It would be as if Apple Inc. (AAPL) got to decide who could buy its stock. (Read Full Story)

The Greatest Tax Story Ever Told
The Feds may be screaming,
But we all are beaming
’Cause we’ll never pay taxes,
We’ll never pay taxes,
Never pay taxes again!
(Read Full Story)

The Coin of the Realm: How Insider Traders Are Rigging America
Few traders on Wall Street ever know where the inside tips they use come from because confidential information is, in his words, the “coin of the realm in securities markets.” (Read Full Story)

CHICKENS WILL COME HOME TO ROOST: US Risks Economic Crash In Oil War With Russia
Why have Obama and Co. kept their mouths shut while oil prices have plunged, domestic industries have been demolished, and stocks have gone off a cliff? Could it be that they’re actually in cahoots with the Saudis and that it’s all a big game designed to annihilate enemies of the glorious New World Order? (Read Full Story)

Crashing Oil May Result In “Perestroika?”
It may seem fanciful, the scenario discussed below that is… and the various outcomes thereto no less, but as we all know by now, the truth is often stranger than fiction, by far…and then some. It’s quite a read for those with an interest in the subject matter. (Read Full Story)

This Is What Gold Does In a Currency Crisis
To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn’t an investment that goes up and down. It is money in the most basic store-of-value sense. Most of the time it just sits there, and when its price changes in local currency terms that says more about the local currency than about gold.But when currencies… (Read Full Story)

The Fed Is Sitting On a $191 TRILLION Time Bomb
Stocks are bouncing today because the Fed will wrap up its monthly FOMC meeting and make a public statement this afternoon. Stocks have been rallying into FOMC meetings for the last three years, so traders are now conditioned to buy stocks in anticipation of this.The prime focus for the markets is whether the Fed continues to state that it will raise… (Read Full Story)

The Matrix of Power
The disappearance of knowledge from human consciousness is a rare phenomenon, but there are recorded instances of knowledge which has evaporated. As a curious example, Pancirollus, writing in the 16th Century mentions that, among many other cases of lost technology, in the time of the Roman Empire a man who had invented flexible glass was presented… (Read Full Story)

Would It Be Bad for the Economy If Oil Fell to $3 a Barrel?
If the price oil fell to $3 a barrel, and it stayed there for 10 years, that would be a good thing. What if this led to massive unemployment in the oil industry? That would be a good thing. But isn’t the primary task of a free market economy to balance supply and demand? Yes… (Read Full Story)

Illegal Immigrants Steal Americans’ Jobs.”
The logic of economics applies across borders: county, state, and national. Deny this, and you deny economics. Conservatives deny economics. They promote tariffs and import quotas across national borders, but not state and county borders. Ludwig von Mises had a word for this: […] (Read Full Story)

Will Gold Soar to $2347 or Plunge to $810?
The correction in precious metals, now in its 39th month, has been devastating for long-term bulls. At recent lows, gold was trading 42% below its September 2011 Comex high of $1952. As for silver, which peaked at $50, it has plummeted by an astounding 72%. From a technical standpoint, both look like they have further to fall: gold, currently trading around $1200, to exactly $810; and silver, quoted today near $16, to – better sit down for this – $7.86. (Read Full Story)

“The real owners are the big wealthy business interests that control things and make all the important decisions. Forget the politicians, they’re an irrelevancy. The politicians are put there to give you the idea that you have freedom of choice. You don’t. You have no choice. You have owners. They own you. They own everything. They own all the important land. They own and control the corporations. They’ve long since bought and paid for the Senate, the Congress, the statehouses, the city halls. They’ve got the judges in their back pockets. And they own all the big media companies, so that they control just about all of the news and information you hear. They’ve got you by the balls. They spend billions of dollars every year lobbying ­ lobbying to get what they want. Well, we know what they want; they want more for themselves and less for everybody else.” – George Carlin (Read Full Story)

One Foot on a Banana Peel …The Other in a Grave!

KM PM_bnr_11.14Never before have I seen so many pieces of information to be put together in the span of just one week. This past week we were bombarded with connectable dot after connectable dot, nearly each and every one of them on their own would have caused a panic 30 years ago. I say “30 years ago” because this was before the 1987 crash, this was before anything and everything, nailed down or not …was levered many times over in what eventually became an inflation party. 30 years ago, black was not white, wrong was not right and “debt” was still in its infancy of being money. Fast forward to present day and we now have a monetary system with one foot on a banana peel and the other in a grave!

Let me list what I saw this past week as some very ugly dots to be connected, by no means is this list complete but I think you’ll get the point by the time you are done reading. (Read More)

Why Gold is Still a SOLID Long-term Investment

i.0.s-gold-businessWe have been bearish on gold prices since January 2013, when it was trading above $1,650 an ounce. Since then, the price of gold has declined by almost 30%. There are three main reasons for this underperformance over the last two years:

1. Gold as an investment hedge has become less attractive to Europeans as the chance of a break-up of the European Monetary Union declined after Spain, Portugal and Greece were bailed out by the EMU’s richer members, such as Germany.

2. Gold has become less attractive to Americans as the U.S. dollar strengthened and recently hit a four-year high.

3. India, which accounts for one-quarter of the world’s gold consumption, slapped a 10% import duty on gold during August 2013. Indian gold demand dropped by close to 40% year-over-year in the fourth-quarter of 2013 and did not recover until this summer. Continue reading

The Dollar’s 70-year Dominance is Coming to an End!

Within a decade, greenback’s could be replaced as the world’s reserve currency

The dollar is currently boosted by being a reserve currency Photo: Reuters

The dollar is currently boosted by being a reserve currency Photo: Reuters

In early July 1944, delegates from 44 countries gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire. A three-week summit took place, at which a new system was agreed to regulate the international monetary and financial order after the Second World War.

The US was already the world’s commercial powerhouse, having eclipsed the British Empire several decades earlier. America was also on course to be among the victors of “Europe’s conflict”, even though its economy was largely unscathed by war. As such, Bretton Woods was US-dominated and produced a settlement largely on US terms.

Seventy years ago, that fateful summit ended. Its close marked the moment the dollar’s unquestionable supremacy was secured. Since then, global commerce has been conducted largely in dollars and leading economies have held the greenback as their primary reserve currency. Continue reading

After 50 Years, Washington Has Lost the War on Poverty

war-on-povertyFifty years ago, LBJ’s speech writer, Richard Goodwin, was asked to strip naked and swim with a naked Lyndon Johnson.

Press secretary Bill Moyers, the only LBJ senior staffer who survived the administration with his reputation intact, also had to jump in. He still regales us with his opinions on PBS — the last Wise Man of that era to do so. His war on personal poverty was highly successful.

While swimming with Johnson, Goodwin gave him a tip. Start something called “the war on poverty.” Johnson loved the phrase. He used it, along with “the Great Society.”

That society was not great. That war was lost. Continue reading

Teen Unemployment In Major U.S. Cities Tops 50%

teen-unemploymentOld timers often say that the young people in the U.S. today don’t have the work ethic of their predecessors. This may be true, but is this perceived weakness a symptom of a greater problem? Has the opportunity for many young people to find employment diminished, and thus made it harder for them to learn the necessary work ethic on the job?

Before we try to answer that question, let’s examine some evidence from a new analysis by the Employment Policy Institute (EPI) that shows unemployment among teens without a high school diploma is greater than 50% in two very large cities. CNS News reports: Continue reading

The Government Crackdown On Offshore Tax Dodging Just Got Real

switzerland-flickr1-638x423Over 77,000 separate foreign banks and financial firms will start sharing information on their American accountholders with the Internal Revenue Service (IRS) in cooperation with a major crackdown on offshore tax evasion, the Associated Press reports.

Under the Foreign Account Tax Compliance Act (FATCA), banks that continue to withhold information on their American clients from U.S. authorities have to pay substantial fees on any business they conduct in the states. Since that law passed in 2010, American authorities have gradually worked with international governments and bankers to implement its information sharing requirements. The list of 77,000 cooperating institutions released Monday by the Treasury Department is the first comprehensive look at which banks have chosen to cooperate with FATCA, and future lists may be even longer. It remains to be seen how U.S. officials will use this new information. Continue reading

Dust In The Wind

Dust Bowl Conditions Have Returned To Kansas, Oklahoma And North Texas

20-Signs-That-Dust-Bowl-Conditions-Will-Soon-Return-To-The-Heartland-Of-America-300x300In early 1978, a song entitled “Dust in the Wind” by a rock band known as Kansas shot up the Billboard charts. When Kerry Livgren penned those now famous lyrics, he probably never imagined that Dust Bowl conditions would return to his home state just a few short decades later. Sadly, that is precisely what is happening. When American explorers first traveled through north Texas, Oklahoma and Kansas, they referred to it as “the Great American Desert” and they doubted that anyone would ever be able to farm it. But as history has shown, when that area gets plenty of precipitation the farming is actually quite good. Unfortunately, the region is now in the midst of a devastating multi-year drought which never seems to end. Continue reading