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Latest Articles: Business
On The Impossibility Of Helicopter Money And Why The Casino Will Crash
Post Date: 2016-08-18 14:59:44 by tpaine
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On The Impossibility Of Helicopter Money And Why The Casino Will Crash davidstockmanscontracorne.../on-the- impossibility-of- helicopter-money-and-why-the-casino-will-crash/ By David Stockman8/18/2016 NOTE TO READERS I am in the throes of finishing a book on the upheaval represented by the Trump candidacy and movement. It is an exploration of how 30 years of Bubble Finance policies at the Fed, feckless interventions abroad and mushrooming Big government and debt at home have brought America to its current ruinous condition. It also delves into the good and bad of the Trump campaign and platform and outlines a more consistent way forward based on free markets, fiscal rectitude, sound ...
Marc Faber Issues A Stunning Warning That A Gigantic 50 Percent Stock Market Crash Could Be Coming
Post Date: 2016-08-11 10:45:54 by U don't know me
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Marc Faber Issues A Stunning Warning That A Gigantic 50 Percent Stock Market Crash Could Be Coming By Michael Snyder, on August 9th, 2016 Are we about to witness one of the largest stock market crashes in U.S. history? Swiss investor Marc Faber is the publisher of the “Gloom, Boom & Doom Report”, and he has been a regular guest on CNBC for years. And even though U.S. stocks have been setting new record high after new record high in recent weeks, he is warning that a massive stock market crash is in our very near future. According to Faber, we could “easily” see the S&P 500 plunge all the way down to 1,100. As I sit here writing this article, the S&P 500 is ...
Donald Trump Warns Americans To Get Out Of The Stock Market As The Dow Falls For A 7th Day In A Row
Post Date: 2016-08-02 23:34:49 by U don't know me
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Donald Trump Warns Americans To Get Out Of The Stock Market As The Dow Falls For A 7th Day In A Row By Michael Snyder, on August 2nd, 2016 One thing that you have to appreciate about Donald Trump is that unlike most politicians, he actually says what is on his mind. On Tuesday, Trump told Fox Business that he had already gotten out of the stock market, and that he foresees “very scary scenarios” ahead for investors. And of course things have already started to get a bit ominous for those holding stocks over the last week and a half. The Dow Jones Industrial Average has now closed down for seven days in a row, and that is the longest losing streak that we have seen since the panic ...
The Law Of Cosmic Imperative
Post Date: 2016-07-24 22:54:01 by U don't know me
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The Law Of Cosmic Imperative July 20, 2016 By: The Mogambo Guru Where have I been? I admit I was cowering, like the spineless little weasel that I am, in the Mogambo Secret Temporary Bunker (MSTB), which I cleverly constructed in the living room using an overturned couch and some strategically-placed cushions. That’s where I got an email from Junior Mogambo Ranger (JMR) Phil S., who sent an interesting essay he ran across. It was concerned with what we both, as educated people who recoil in mortal horror at suicidal Keynesian econometric lunacy, are both deeply, deeply concerned. Namely, the incomprehensibly impossible conditions in the world economy, completely saturated, as we ...
Melania Trump plagiarizes Michelle Obama's speech
Post Date: 2016-07-19 08:52:49 by Willie Green
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Poster Comment:LOL! Trump can't even afford to buy a new speech for his wife... She has to recycle Michelle O'Bummer's old material.
Collapse of Empires is Upon Us
Post Date: 2016-07-06 08:55:19 by U don't know me
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Collapse of Empires is Upon Us-Gregory Mannarino By Greg Hunter On July 6, 2016 By Greg Hunter’s USAWatchdog.com Trader and analyst Gregory Mannarino says what is going on today with the FBI refusing to indict Hillary Clinton is nothing new when considering the “fall of empires.” Mannarino explains, “This is a cycle, and we are seeing several pieces fall into place regarding the political system and the financial system that we have seen over and over again. There is a lifespan of an empire . . . at the top of every empire . . . there is an issue of the financial system, and there is an issue with the political system that becomes absolutely corrupt. This is why this ...
Libertarian Activist Gets Local Businees Owners to Pledge Not to Pay City's Business Priviledge Tax
Post Date: 2016-07-01 08:04:58 by Gatlin
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Were signers misrepresented or are local businesses too afraid of the “corrupt” Scranton government going after them? by Darrell England Libertarian activist and owner of SaveScranton.com, Gary St. Fleur, has organized a petition of seventy business owners in Scranton, Pennsylvania, in opposition to the city’s Business Privilege and Mercantile Tax. The tax is actually quite complex, but charges businesses up to 3% of their gross income. In opposition to this, St. Fleur authored an article which begins by comparing the Scranton government with the British Government, labeling the city’s new tax “taxation without representation.” He also claimed that the city ...
Laid-Off Americans, Required to Zip Lips on Way Out, Grow Bolder [Full Thread]
Post Date: 2016-06-12 09:11:51 by Willie Green
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LIBERTYVILLE, Ill. — American corporations are under new scrutiny from federal lawmakers after well-publicized episodes in which the companies laid off American workers and gave the jobs to foreigners on temporary visas.But while corporate executives have been outspoken in defending their labor practices before Congress and the public, the American workers who lost jobs to global outsourcing companies have been largely silent.Until recently. Now some of the workers who were displaced are starting to speak out, despite severance agreements prohibiting them from criticizing their former employers.Marco Peña was among about 150 technology workers who were laid off in April by ...
Feds Slap 70% Tax on Legal Marijuana Businesses
Post Date: 2016-05-24 19:43:44 by Gatlin
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Feds Slap 70% Tax on Legal Marijuana BusinessesA law passed in the ’80s to prevent drug dealers from getting tax breaks is now taking a huge chomp out of legitimate outfits in Colorado and Washington.Legal marijuana sales in Colorado and Washington State have grossed billions, but legal dealers will see little of that thanks to a draconian federal law meant to punish street pushers. In one of the first years of legal sales, 2015, Colorado moved nearly $1 billion worth of marijuana and is estimated to take in $135 million in taxes on it. Meanwhile, Washington is expected to pull in around $1 billion in revenue from sales taxes between 2015 and 2019. Despite technically being illegal on ...
Pope condemns 'bloodsuckers' who exploit poor workers
Post Date: 2016-05-19 12:05:12 by Willie Green
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Pope Francis condemned "bloodsuckers" who grow rich by exploiting others on Thursday, saying making "slaves" out of workers and setting unfair contracts was a mortal sin. Francis, who frequently speaks of his concern for the poor, appeared to be referring to the kind of grueling labor often done by poor migrants in rich countries across the world, but also to many other workers on precarious contracts. During mass at the Vatican, he told a story about a girl who found a job working 11 hours a day for 650 euros ($729) a month, paid "under the table". "This is starving the people with their work for my own profit! Living on the blood of the people. And ...
Trump: U.S. can never default because it prints money
Post Date: 2016-05-09 14:26:47 by Hondo68
22 Comments
"You know, I’m the king of debt," Donald Trump said. "I understand debt probably better than anybody. I know how to deal with debt very well." Donald Trump assailed the media on Monday for what he said was a misrepresentation of his comments on debt, rejecting the notion that he would have the United States default on his debt. "I said if we can buy back government debt as a discount. In other words, if interest rates go up and we can buy bonds back as a discount, if we are liquid enough as a country we should do that. In other words, we can buy back debt as a discount," the presumptive Republican nominee said in a telephone interview on CNN's ...
Tow truck owner said he refused service to woman because she supports Bernie Sanders
Post Date: 2016-05-05 20:26:13 by cranky
16 Comments
videoA local tow truck driver said he refused to tow a woman’s car after he saw Bernie Sanders stickers on the vehicle. Kenneth Shupe said he was called to pick up a woman stranded on I-26 in Asheville on Monday. When he saw “a bunch of Bernie Sanders stuff” he said he told the woman, “very politely,” that he could’t tow her car because she was “obviously a socialist” and advised her to “call the government” for a tow. "Every business dealing in recent history with a socialist minded person I have not gotten paid," Shupe said. "Every time I deal with these people I get 'Berned' with an 'e' not a ...
Most Dangerous Stock Market in History
Post Date: 2016-05-04 10:51:33 by U don't know me
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Most Dangerous Stock Market in History-Michael Pento By Greg Hunter On May 3, 2016 Michael PentoBy Greg Hunter’s USAWatchdog.com Money manager and financial expert Michael Pento says every corner of the globe is in economic trouble. Pento contends, “I think we are going to have a global synchronized collapse amongst the developed world economies: Europe, Japan, the United States and China, and you should be hedging against this market. Don’t forget, we have the most overvalued, most dangerous stock market in the history of the world. . . . Record valuations sit on top of an unprecedented earnings and revenue recession. The only thing we have left is the promise of ZIRP, QE ...
Cartoonist says his work got him axed
Post Date: 2016-05-03 10:42:07 by Willie Green
33 Comments
A northern Iowa freelance cartoonist says he was fired for drawing an editorial cartoon that bemoaned Iowa farmers' dwindling profits while CEOs at large agricultural corporations earn millions of dollars.Rick Friday of Lorimor said on his Facebook page that Farm News, a weekly publication of The Fort Dodge Messenger, dropped him as the publication's editorial cartoonist after a company affiliated with one of three large corporations he portrayed in his cartoon complained, pulling its advertising.In last week's "It's Friday" cartoon, Friday said the CEOs of Deere & Co., Monsanto Co. and DuPont Pioneer made more ...
A New Digital Cash System Was Just Unveiled At A Secret Meeting For Bankers In New York
Post Date: 2016-05-02 20:52:07 by U don't know me
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A New Digital Cash System Was Just Unveiled At A Secret Meeting For Bankers In New York By Michael Snyder, on May 2nd, 2016 Secret - Public DomainLast month, a “secret meeting” that involved more than 100 executives from some of the biggest financial institutions in the United States was held in New York City. During this “secret meeting“, a company known as “Chain” unveiled a technology that transforms U.S. dollars into “pure digital assets”. Reportedly, there were representatives from Nasdaq, Citigroup, Visa, Fidelity, Fiserv and Pfizer in the room, and Chain also claims to be partnering with Capital One, State Street, and First Data. This ...
Fragility And Instability Are Part Of Global Capitalism And We Have Done Very Little To Address This
Post Date: 2016-04-29 04:42:02 by A Pole
9 Comments
“A sophisticated, complex, and dynamic financial system such as ours endogenously generates serious destabilizing forces so that serious depressions are natural consequences of noninterventionist capitalism: finance cannot be left to free markets” (Hyman Minsky, 1986) During the 80’s and 90’s the above quote by Minsky was very controversial. That was the zenith of the “free markets” ideology – the notion that the less government interferes with the market the more efficient the market will allocate resources. To a large degree I still agree with this basic notion; however, it is my belief that finance and investment do not ...
Corporations Are Defaulting On Their Debts Like It’s 2008 All Over Again
Post Date: 2016-04-18 22:43:33 by U don't know me
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Corporations Are Defaulting On Their Debts Like It’s 2008 All Over Again By Michael Snyder, on April 18th, 2016 The Dow closed above 18,000 on Monday for the first time since July. Isn’t that great news? I truly wish that it was. If the Dow actually reflected economic reality, I could stop writing about “economic collapse” and start blogging about cats or football. Unfortunately, the stock market and the economy are moving in two completely different directions right now. Even as stock prices soar, big corporations are defaulting on their debts at a level that we have not seen since the last financial crisis. In fact, this wave of debt defaults have become so dramatic ...
Tsunami of Dollars Coming Back to America Soon
Post Date: 2016-04-15 21:54:14 by U don't know me
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Tsunami of Dollars Coming Back to America Soon-Rob Kirby By Greg Hunter On April 14, 2016 By Greg Hunter’s USAWatchdog.com (Special Release) Emergency Fed meetings at the White House, the launching of new gold trading market at the Shanghai Gold Exchange, revelations Deutsche Bank admitting it manipulated gold and silver prices, China starting its own global payment system. These may all seem unrelated, but according to macroeconomic researcher Rob Kirby, they are all connected. Kirby explains, “With China and their upstart CIPS, which is the China Interbank Payment System, China appears to be on the verge of merging their interbank payment system with SWIFT. My gut is telling ...
Massive $160 Billion Pharmaceutical Merger Stopped Cold It's getting harder for Big Pharma to dodge taxes
Post Date: 2016-04-10 16:09:45 by U don't know me
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Massive $160 Billion Pharmaceutical Merger Stopped Cold It's getting harder for Big Pharma to dodge taxes by Christina Sarich Posted on April 9, 2016 As Washington cracks down on pharmaceutical company greed, the largest ever health-care-acquisition between Allergan and Pfizer has been dissolved. Pfizer will have to pay Allergan $400 million in fees for pulling out of the planned $160 billion merger, but the mega-pharmaceutical company will end up paying much more in avoided taxes. Pfizer was targeting the merger with Allergan, which has a legal ‘home’ office in Dublin, Ireland, and was meant as a safe haven to avoid paying millions in taxes to the US government. Pfizer ...
9 Big Pharma rip-offs 'worse than Martin Shkreli
Post Date: 2016-04-09 22:07:14 by U don't know me
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9 Big Pharma rip-offs 'worse than Martin Shkreli' Published time: 9 Apr, 2016 20:32 Get short URL © Srdjan Zivulovic © Srdjan Zivulovic / Reuters 3091 While “America’s most hated man,” Martin Shkreli, may be the poster boy for Big Pharma gypping its patients, he’s not the only one to charge ridiculous prices for prescription drugs. According to the World Health Organization, the global drug industry generates $300 billion a year with a whopping profit margin of about 30 percent, and turnover is expected to rise to $400 billion within three years. However, it seems that drug makers are not content with their huge spoils, as they continue to jack up ...
FDA changes drug review rules to challenge Martin Shkreli-like medicine monopolies
Post Date: 2016-04-09 21:55:42 by U don't know me
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FDA changes drug review rules to challenge Martin Shkreli-like medicine monopolies Published time: 16 Mar, 2016 02:59 © Srdjan Zivulovic / Reuters The US drug regulator is paving a fast-track for generic remedies to market while also sealing a loophole, used by pharmaceutical executives like Martin Shkreli, to profit from jacked-up prices on exclusive medicines. The Food and Drug Administration (FDA) is now granting an “expedited review” to generic drugs producers that would compete with brand-named treatments, currently produced by only one manufacturer. The new rule is going to make an approval process faster for off-patent producers, which potentially means that ...
"Whee! This Investing Stuff Is Easy®" How It's Really Done
Post Date: 2016-04-08 21:05:01 by U don't know me
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"Whee! This Investing Stuff Is Easy®" How It's Really Done March 2, 2016 By: The Mogambo Guru In the old days, you would gradually provide for your retirement by saving money, either stashing cash under the floorboards or at a bank. By the term “in old days”, I actually DO mean all the way back to dinosaurs, who did NOT save for their retirements (which you can easily prove for yourself by examining the fossil record), and they all died penniless. Let that be a lesson to you. Anyway, the bank at which you saved towards retirement would pay you somepiddly rate of interest that at least offset the rate of inflation, and little by little your little stash ...
For first time, drone delivers package to residential area
Post Date: 2016-03-25 20:22:33 by cranky
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A drone has successfully delivered a package to a residential location in a small Nevada town in what its maker and the governor of the state said Friday was the first fully autonomous urban drone delivery in the U.S. Flirtey CEO Matt Sweeney said the six-rotor drone flew about a half-mile along a pre-programmed delivery route on March 10 and lowered the package outside a vacant residence in an uninhabited area of Hawthorne, southeast of Reno. The route was established using GPS. A pilot and visual observers were on standby during the flight but weren't needed, Sweeney said. He said the package included bottled water, food and a first-aid kit. "Conducting the first drone ...
Largest U.S. refinery now belongs to Saudi Arabia
Post Date: 2016-03-20 15:08:34 by U don't know me
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Largest U.S. refinery now belongs to Saudi Arabia Charles Kennedy, Royal Dutch Shell and Saudi Aramco appear to be getting a divorce, breaking up their joint venture in U.S.-based refining assets. The two companies joined together to create Motiva Enterprises LLC in 1998, a 50-50 joint venture that operated three refineries on the U.S. Gulf Coast. But Shell and Saudi Aramco have seen their interests head in different directions. "It is now time for the partners to pursue their independent downstream goals," said Abdulrahman Al-Wuhaib, a senior vice president of Saudi Aramco’s downstream unit. Reuters reported that the relationship started to fray after Motiva announced a ...
The United States Revokes Scientology’s Tax-Exempt Status
Post Date: 2016-03-11 16:00:09 by Willie Green
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In a unanimous decision by the Supreme Court today, the eight justices ruled in favor of revoking the Church of Scientology’s tax-exempt status in the United States. Under the ruling, Scientology will still be able to operate as a business but no longer as a non-profit religious organization. The case was brought forward by the Internal Revenue Service Criminal Investigation Division after concluding a two-year-long investigation into the inner workings of Scientology. The investigation, along with an extensive audit, found the group to be a “criminal operation with a sole purpose of making money”. The eight justices agreed with the IRS and its findings that Scientology was ...
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