Which comes first, Dow 20,000 or Dow 5,000... and when?
Spoiler alert: Albert Edwards is not exactly bullish. Perhaps like Rosenberg, he too needs to spend a weekend or two on the Ray Dalio ranch.
The Greatest Transfer Of Wealth Is Coming *Updated*
If there’s one thing that should be clear, it’s that nothing the government or their banking partners have done to solve the economic crisis has been for your benefit. They’ve enriched themselves, yet again, on the backs of the American people.
The percentage of Americans that are participating in the labor force is the lowest that it has been in 35 years.
The collapse of American society is accelerating. For the moment, much of our social decay is being masked by the tremendous level of affluence that we are experiencing.
The number of Americans who are 16 years or older and who have decided not to participate in the nation's labor force has climbed to a record 90,609,000 in September, according to data released today by the Bureau of Labor Statistics.
The U.S. economy added 148,000 jobs and unemployment fell to 7.2 percent in September. That's not good news.
7-8pm est Revas Rapid Fire: medical, gmo, vaccines + more 8-9pm est Arts Tower of Power: economics & technology 9-10pm est CE1 w/Dr Astro - The Man Cave Show join us on live streams http://www.blogtalkradio.com/glpvc/2013/10/23/glpvc-presents
The constitutions of some states, including Michigan, explicitly bar the cutting of public pensions. But what about extra payments promised to Detroit’s workers and retirees?
Former Clinton administration Labor Secretary Robert Reich explained, saying: “Of all developed nations, the United States has the most unequal distribution of income, and we’re surging towards every greater inequality.”
My warning was not so much that all avenues of money withdrawal are being cut off now, but that they are starting to be cut off. It is only in the early stages of such cut offs that you still have enough freedom to make the necessary moves.
Janet Yellen Exposed --The Truth Behind the Myth
“Economic martial law will be declared… restrictions will be set on the amounts, times and frequency of withdrawals.”Forecaster Gerald CelenteTrends Journal – Summer 2011
What we call "dollars" are really private, corporate, international, private bank Federal Reserve Notes. They are not created by the US government. The government borrows FRN's from the private bankers
Reflecting on the collapse of the USD, the surge in gold, the Chinese ratings agency downgrade, and the groundhog-day-like world in which the US government (and markets) live, DoubleLine's Jeff Gundlach warns that "America's credibility is slowly ero
The only thing exceptional about the USA is "its the largest debtor nation in the history of the world" is how Jim Rogers begins this brief interview with RT and he doesnt back away from the rhetoric.
Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell will soon announce an agreement to reopen the government and avert default on U.S. debt, Politico reports, according to several sources familiar with the talks.
While the House looks set to vote for the Senate bill and kick the can just a little down the road, the Washington Post reports that at least one tea party group is calling for Republicans to hold their ground.
In 4 Sentences, The S&P Ratings Committee Chairman Explains The Absurdity Of The Debt Ceiling
Check out this teaser from "The Wall Street Code," a new high-frequency trading documentary from Marije Meerman and VPRO, the folks who made "Quants: The Alchemists of Wall Street."
.... allows Congress to disapprove of the debt ceiling increase, which means lawmakers will formally vote on whether to reject a debt ceiling increase until Feb. 7. Obama can veto that legislation if it passes. If Congress fails override the veto,
While the evil Republicans and the evil Democrats were voting together on the House Floor to add the final nail to the coffin of the Republic a House stenographer rushed the dais and loudly expressed her view of the whole tawdry affair:
The U.S. Congress on Wednesday approved an 11th-hour deal to end a partial government shutdown and pull the world's biggest economy back from the brink of a historic debt default that could have threatened financial calamity.
'Deal' Reached, Faux-'Govt ShutDown' Ends; Currency Collapse & Default Back on Schedule!
...NOW ON TO THE HOUSE
The typical American is driving less and less every year
Capital controls imposed on small business owners
Never raise it, he tells RT. Oh, and by the way, dollar hegemony is over.
In less than 2 days, if the Treasury secretary can be believed, the Treasury will not have enough money to pay all its bills and will have to prioritize.