Latest Articles: Economy
Why the US Hispanic conservative movement is surging — even without Trump
BREAKING: Vermont Senator Leahy Taken to the Hospital
Rand Paul speech
The taboo that could break america.
Trump Impeachment DOA in Senate
Seattle Sure Waited a Long Time to Implement This New Policy on Rioting
Warden/Executioner interview-Charlie Jones
He Reveals What 1950s Men Thought & Did
7 Black Americans Express Their Rage In The 1960s
Jackie Kennedy on MLK: 'That man's terrible' - theGrio
World Mourns Nehru
STaTes Eye ... Allowing Concealed Carry of Guns --- WiThouT a PermiT
FEC Filing of the "Patriot Party"
NYC ouT of conTrol ... 12 sub humans beaT man - sTrip him naked - sTeal everyThing --- in broad daylighT on major inTersectTon
It's This Simple: Liz Cheney Must Go
Rand Paul Wipes the floor with pedophile lover George Stephanopoulos
Worst Fishing Day Ever (Winter Fishing) ***Bad Idea***
Pelosi Wanted Machines Guns
They're Coming to America
Alexandria Ocasio-Cortez Skipped Biden's Inauguration...And The Reason Is Beyond Idiotic
Bernie Sanders predicts the Democratic Party could be 'wiped out' in the 2022 midterm elections
Larry King ... Television legend --- dies aT age 87
OuTrage over U.S. flag flown upside down ... aT half sTaff at SouTh Maui posT office --- InauguraTion Day
Biden won’t stop them, and neither will cops, until Portland is burned down
SALUTE THE MARINE!!!!!
Trump's greatest legacy: The GOP now represents America's workers
Joe’s ... firsT 17 AcTs --- Of DesTructTon
google is evil
Now wiTh The UniTed StaTes Taken ouT --- They have a glide paTh To “build iT back beTTer” / “susTainabiliTy” / “social justTce” us --- inTo “The GreaT ReseT
DAY ONE: Beijing Biden Kills Keystone Pipeline and Thousands of Jobs, Rejoins Paris Climate Accord, Removed 1776 Project, Vows to Restart Iran’s Nuclear Program, Fed Mask Mandates
Republicans Block Swift Approval of Biden's DHS Pick
President Donald J. Trump Departure Ceremony
Stop the Steal
Feds ArresT Pennsylvania Woman ... Accused of STealing --- Pelosi’s LapTop
Enter the Dumbest Administration on Earth
How Joe Biden Will Open The Floodgates To Transgendering Public Schools
CNN Pushes to Close Down Newsmax TV
tax and regulate
Supreme CourT Deals DemocraTs A Major DefeaT In Texas ... They JusT Ruled ---To RejecT Universal Mail-In BalloTing
EYEWITNESS' ACCOUNT DC
Biden’s party seeks to divide and destroy, not unite and heal
“If You Need All This To Protect Your Inauguration from the People, Maybe the F-ing People Didn’t F-ing Elect You!” – DC Worker Shows Video of Military Checkpoints in City (VIDEO)
How Soon Will the Social Security Trust Fund Be Depleted and How Should People Protect Their Retirement Income?
With These Figures, It's No Shock Why Republicans Got Swept by Democrats in Georgia
Domestic Terrorist?" - Leftist BLM Activist Who Stormed Capitol On Jan. 6 Arrested, Charged - John Earle Sullivan
The Republican Party Killed Itself
Australia to kill pigeon that crossed Pacific from Oregon
A Big Bad Brick Wall
Post Date: 2012-08-31 14:40:57 by Capitalist Eric
As America settles in for a three month long across-all-media screening of Dumb and Dumber, Europeans are setting up for a valiant effort to put up an even more mind-boggling spectacle. Competition is healthy, right? The world of finance hangs on ex-Goldman Sachs vice chairman and managing director Mario Draghi's lips almost as much as it sucks up to Ben Bernanke's Jackson Hole. Central bankers become ever more important simply because in the absence of honest profits they are the only source of money left standing. If you can't make it, fake it. That this money will need to be paid for at some point in time doesn't seem to be a concern for anyone anymore, or at least ...
Morgan Stanley is Insolvent – Only a Matter of Time Before Total Financial Collapse
Post Date: 2012-08-30 14:04:21 by Capitalist Eric
The fall of the House of Morgan has begun as stock prices on the global market at Morgan Stanley (MS) begin to fall on the New York Stock Exchange (NYSE). According to Rick Wiles: Im hearing rumors that another major financial house is going to implode. In fact, the name Ive been given is Morgan Stanley . . . Its going to be put on the sacrificial alter by the financial elite. MS, technically speaking, is classified as insolvent based on mark-to-market valuation. By selling off non-core assets, MS has been able to reduce its European exposure through the manipulation of hedge funds and allocation of funds to failing financial corporations. Some ...
Shhhh…It’s Even Worse Than the Great Depression
Post Date: 2012-08-27 12:21:57 by Capitalist Eric
According to Wikipedia, Narcissistic personality disorder (NPD) affects one percent of the population and has little to do with looking at yourself in the mirror. It has a lot to do with unrealistic fantasies of success, power and intelligence. Some NPD sufferers become cult leaders or mass murderers, the rest become economists and policy-makers. Despite having a highly elevated sense of self-worth, narcissists have fragile self-esteem and handle criticism unpredictably, so lets keep this to ourselves.... Velocity of money is the frequency with which a unit of money is spent on new goods and services. It is a far better indicator of economic activity than GDP, consumer prices, the ...
America's Descent into Poverty
Post Date: 2012-08-25 09:41:13 by Capitalist Eric
The United States has collapsed economically, socially, politically, legally, constitutionally and environmentally. The country that exists today is not even a shell of the country into which I was born. In this article I will deal with America's economic collapse. In subsequent articles, i will deal with other aspects of American collapse. Economically, America has descended into poverty. As Peter Edelman says, "Low-wage work is pandemic." Today in "freedom and democracy" America, "the world's only superpower," one-fourth of the work force is employed in jobs that pay less than $22,000, the poverty line for a family of four. Some of these lowly-paid ...
CO2 Emisions Lowest Since 1992
Post Date: 2012-08-18 13:10:27 by jwpegler
In a surprising turn of events, over the last few years America has dramatically lowered the amount of CO2 being released into the atmosphere. In fact, current CO2 emissions are back to where they were in 1992. A triumphant success of government regulations, right??? Wrong. The reason we've been able to do this is that a market innovation -- hydraulic fracking technology -- has lowered the price of natural gas from over $10 per thousand cubic feet in 2005 to around $3 per thousand cubic feet today. This had made natural gas cheaper than coal. As a result, the amount of our electricity that we get from coal has dropped from 50% of the total to 35% of the total today, as operators ...
Startling Evidence That Central Banks And Wall Street Insiders Are Rapidly Preparing For Something BIG
Post Date: 2012-08-17 17:20:17 by Capitalist Eric
If you want to figure out what is going to happen next in the financial markets, carefully watch what the insiders are doing. Those that are connected have access to far better sources of information than the rest of us have, and if they hear that something big is coming up they will often make very significant moves with their money in anticipation of what is about to happen. Right now, Wall Street insiders and central banks all around the globe are making some very unusual moves. In fact, they appear to be rapidly preparing for something really big. So exactly what are they up to? In a previous article entitled Are The Government And The Big Banks Quietly Preparing For ...
Report: Soros Unloads All Investments in Major Financial Stocks; Invests Over $130 Million In Gold
Post Date: 2012-08-17 17:13:12 by Capitalist Eric
In a harbinger of what may be coming our way in the Fall of 2012, billionaire financier George Soros has sold all of his equity positions in major financial stocks according to a 13-F report filed with the SEC for the quarter ending June 30, 2012. Soros, who manages funds through various accounts in the US and the Cayman Islands, has reportedly unloaded over one million shares of stock in financial companies and banks that include Citigroup (420,000 shares), JP Morgan (701,400 shares) and Goldman Sachs (120,000 shares). The total value of the stock sales amounts to nearly $50 million. Whats equally as interesting as his sale of major financials is where Soros has shifted his money. ...
David Stockman: Austerity Is Not Discretionary
Post Date: 2012-07-20 15:02:06 by Capitalist Eric
The next Casey Research Summit, cohosted by Sprott, Inc. and titled Navigating the Politicized Economy, will feature another former White House official who is speaking out against irresponsible government spending: David Walker, the United States Comptroller General from 1998 to 2008. Joining him will be a blue-ribbon panel of other financial experts, including top market strategist Donald Coxe, legendary bond investor Lacy Hunt, and investing legends Doug Casey, Rick Rule, and Eric Sprott... and that's just for openers. Together, they'll help you understand where our politicized economy is today, where it's going, and how to profit from the whole mess. Learn more and register ...
Consumers Flash Warning Signal
Post Date: 2012-07-16 18:49:10 by Capitalist Eric
At the end of last year we began discussing the issues of the excessively optimistic analysis of the mainstream media and analysts which were confusing a skew in the seasonal data caused by an unseasonably warm winter and global Central Bank interventions with an organic economic recovery. (See the report "Pollyana Meets The Economy" for a primer - free membership required) The problem with maintaining an "optimistic bias", which attracts readers and viewers for media driven outlets, is that it fogs the lenses of logical thinking. The recent releases of consumer sentiment and retail sales are clearly a story of an economy, while statistically growing, remains in ...
A Cretan Writes A Heartfelt Letter To The Greek IRS
Post Date: 2012-07-16 18:33:57 by Capitalist Eric
The Greeks, who have long since become Guniea Pigs for Europe's real time experiment in restructuring itself without actually i) impairing any debt, ii) injecting new capital, or iii) having any idea what the endgame really is, are increasingly starting to just say no and revolt. Yes - the small Mediterranean country may have fallen off the front page news briefly, or until the current government is also ejected bringing us to a repeat of late May, early June, its citizens are getting ever bolder in refusing to comply with the relentless attempts of the European superstate to syphon off as much wealth as it possible can from the weakest and the poorest. To wit, in the letter below, ...
Shale will free US from oil imports, says ex-BP boss
Post Date: 2012-07-14 08:34:47 by jwpegler
The big growth in oil extracted from shale rock means the US will not need to import any crude within two decades, the former boss of BP has said. Lord Browne told a conference in Oxford the US would be "completely independent of imported oil, probably by 2030". He also said the amount of shale gas in the US was "effectively infinite". Shale oil and gas is extracted using a method called fracking, but the process has been controversial because of the environmental risks associated with it. Lord Browne is a director of fracking firm Cuadrilla. He told the Resource 2012 forum on water, food and energy scarcity that the development of shale oil and gas was "quite ...
Barack Obama's Presidency Economic Report Card – FAIL
Post Date: 2012-07-11 13:18:22 by Capitalist Eric
We are now three and one half years into Barack Obama's presidency. I thought a few pertinent charts would help us assess the success of his economic policies. Upon his election he demanded an $800 billion stimulus package in order to keep the unemployment rate from surpassing 8%. The $800 billion was to be spent over two years we were told and then government spending would be scaled back to pre-stimulus levels. There were 145 million Americans employed when Obama was elected. There are 9 million more working age Americans today than there were in 2008. There are now 142.4 million employed Americans. So, we've added 9 million potential workers and still have 2.6 less Americans ...
Mainstream Economics is a Cult
Post Date: 2012-07-05 11:57:03 by Capitalist Eric
Neoclassical economics is a cult which ignores reality in favor of shared myths. Economics professor Michael Hudson writes: [One Nobel prize winning economist stated,] In pointing out the consequences of a set of abstract assumptions, one need not be committed unduly as to the relation between reality and these assumptions. This attitude did not deter him from drawing policy conclusions affecting the material world in which real people live
. Typical of this now widespread attitude is the textbook Microeconomics by William Vickery, winner of the 1997 Nobel Economics Prize: Economic theory proper, indeed, is nothing more than a system of logical relations ...
New Home Sales "Beat" - What This Means In Context
Post Date: 2012-06-25 15:11:24 by Capitalist Eric
Moments ago new home sales came in at 369K, a "big beat" to expectations of a 347K print and up from the 343K previously. What does this mean? The chart below sums it up.
Dr. Michael "The Big Short" Burry's "Brutal Hangover Is Inevitable" State-Of-The-World UCLA Commencement Speech
Post Date: 2012-06-23 12:04:38 by SJN
Infamous for his prediction of the great recession, Europe's demise, and the collapse of the US financial system (as well as profiting extremely handsomely from said predictions), so well captured in Michael Lewis' book "The Big Short", UCLA's Dr. Michael Burry undertakes UCLA's Economics Department's commencement speech with much aplomb. In this "age of infinite distraction", the astounding truthiness of this 15 minute speech is stunning from single-sentence summation of Europe's convulsions that "when the entitled elect themselves, the party accelerates, and the brutal hangover is inevitable" he reminds us that Californians, and indeed ...
Moody’s Cuts Credit Ratings of 15 Big Banks [MARGIN CALL!!!]
Post Date: 2012-06-22 17:20:02 by Capitalist Eric
Already grappling with weak profits and global economic turmoil, 15 major banks were hit with credit downgrades on Thursday that could do more damage to their bottom lines and further unsettle equity markets. The credit agency, Moodys Investors Service, which warned banks in February that a downgrade was possible, cut the credit scores of banks to new lows to reflect new risks that the industry has encountered since the financial crisis. The risks of this industry became apparent in the financial crisis, said Robert Young, a managing director at Moodys. These new ratings capture those risks. Citigroup and Bank of America, which have struggled to fully ...
Americans Are Delusionally Optimistic
Post Date: 2012-06-22 17:16:47 by Capitalist Eric
Exactly three years ago, we launched this daily e-letter
and needless to say, its been eventful. It should be clear by now that the topics we routinely discuss in our daily conversations are actually happening: - The grand fiat experiment is unraveling. - Governments are, in fact, going bankrupt. - And theyre turning the heat up against their own citizens in a desperate attempt to maintain the status quo. Here in Europe, bank runs are becoming commonplace, and depositors are being frozen out of their accounts without warning. Politicians in many countries have seized private pensions and are once again touting capital controls as the panacea. Meanwhile, privacy ...
Heads a Deflationary Implosion – Tails a Hyperinflationary Depression...
Post Date: 2012-06-19 18:01:30 by Capitalist Eric
The acute global economic crisis today is the direct result of the continued wilful obstruction and overriding of the normal checks and balances that should operate within a capitalistic system of commerce. This interference has been perpretated by powerful banks and governments acting in collusion, for reasons of profit and power. At every instance in recent years when it looked like the economy was slipping into a necessary recession they have assumed a godlike role and stepped in to head it off. These periodic recessions are necessary to prevent excess debt building up within the system, but the banks liked the ever growing debt, because it meant ever bigger profits for them as they ...
It's About Reality, Not Austerity
Post Date: 2012-06-15 06:48:07 by CZ82
It's About Reality, Not Austerity By J.T. Young on 6.14.12 @ 6:08AM A state cannot run an economy and a state-run economy cannot sustain its state. Today's European debate isn't about governmental austerity, it's about governmental reality. Ultimately, the argument is not whether governments can keep trying to stimulate their economies, but when their creditors will quit financing it. Somehow, Europe's governments, teetering on tilting economies, have missed this point; we can only hope that Washington hasn't. We are witnessing a prolonged domino-effect among the world's economically intrusive states. It began over two decades ago with the fall of the USSR ...
This Just In: Most Americans Blame Bush Too!!!
Post Date: 2012-06-14 09:01:15 by war
Americans continue to place more blame for the countrys ongoing economic problems on former President George W. Bush than on President Barack Obama, a new survey shows. Though Bush has been out of office for nearly three and a half years, 68 percent blame him a great deal or moderate amount for the nations economic woes, according to a Gallup poll released Thursday. Meanwhile, 52 percent of Americans believe the same about Obama. There exists a partisan divide on who blames who for the current economic distress, but Republicans are more willing to blame Bush than Democrats are willing to blame Barack Obama. In fact, 49 percent of Republicans said Bush ...
Forget Three Months: Italy May Have Two Weeks Tops, As It ‘Already Is Where Spain Is Heading’ [Economic Collapse Continues]
Post Date: 2012-06-13 18:44:54 by Capitalist Eric
Yesterday, Austrian finance minister Maria Fekter ruffled the unelected Italian PM's feather by saying "forget Spain, Italy is next in the bailout line" - a statement which as expected was promptly loudly refuted, mocked, and scorned by everyone possible: the type of reaction that only the truth can possibly generate in Europe. So far so good: after all the typical European reaction to any instance of the truth is loud screams of "lies, lies" and promptly sticking your head deep in the sand. However, this time around Italy may not have the benefit of the doubt, nor the benefit of some sacrificial replacement of a prime minister: Silvio is long gone, and at this ...
Obama, after tough week, defends record on economy
Post Date: 2012-06-12 17:41:36 by We The People
OWINGS MILLS, Maryland (Reuters) - Barack Obama stoutly defended his economic record on Tuesday after a stream of bad news - and an uncharacteristic verbal misstep of his own - rallied Republican hopes that they can defeat him in November. Acknowledging there is still a "long way to go" to repair the damage done by a recession he inherited, Obama insisted the American economy was on the right track despite recent signals that the country's recovery might be fading. "What we have been able to do over the last 3-1/2 years, after a decade in which we had been moving in the wrong direction, is to begin to point towards a trajectory where here in this country, everybody is ...
The US Labor Market Is In A Full-Blown Depression
Post Date: 2012-06-07 14:44:37 by Capitalist Eric
Now that stocks are back to reflecting nothing more than expectations of how many times the Chairsatan dilutes the existing monetary base in a carbon copy replica of not only 2011 but also 2010... and 2009 (because contrary to what purists may believe, the only way to inflate away unsustainable debt in a growth-free economy is by destroying the currency), and manic pattern chasers have crawled out of their holes proclaiming the death of the bear market after a two day bounce, what is happening in the actual economy, no longer reflected by the market, has once again been pulled back to the backburner. Which is sad, because while ever fewer people reap the benefits of artificial, ...
Crisis Economic Conditions
Post Date: 2012-06-07 14:39:19 by Capitalist Eric
Global economic data signal trouble. Headlines reflect worsening conditions. The Financial Times said Americas dismal jobs report and world economic weakness raise fears of a sharp global slowdown or worse. According to the London Guardian, Britain and Euroland face a deeper recession after figures showed manufacturing output slumped at its fastest rate in three years. The Daily Telegraph said oil hit a 16th month low below $100 a barrel. At Fridays close, WTI crude stood at $83.26. Brent slumped to $98.63. Declining prices signal weakness. The London Independent worried about worldwide panic as Dow prices plunged 275 points. It was the ...
US Factory Orders Post Surprise Fall in April [SURPRISE?]
Post Date: 2012-06-04 14:19:09 by Capitalist Eric
New orders for U.S. factory goods fell in April for the third time in four months as demand slipped for everything from cars and machinery to computers, the latest worrisome sign for the economic recovery. Jetta Productions | Getty Images The Commerce Department said on Monday orders for manufactured goods dropped 0.6 percent during the month. The government also revised its estimate for new orders in March to show a steeper decline. Economists had forecast orders rising 0.2 percent in April. The report showed broad weakness in a sector that has carried the economic recovery, adding to a growing body of soft economic data. The Labor Department on Friday reported that job creation ...
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