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The Crypto Wars Are Back, and This Time Big Brother Aims to Win

by Paul Rosenberg CaseyResearch.com October 31, 2014 In 284 AD the Roman empire was in deep trouble. But then a soldier named Diocletian rode into town as the new emperor. This was the man who rearranged Rome and set it up to endure (even as it declined) for another 180 years. How he did this was simple: autocratic control, AKA tyranny. Diocletian gave up the illusion that the emperor ...Read full article...

Panic in Financial Markets prompts more Bank and Government Bailouts

The ECB decided yesterday to buy more Spanish securitized private debt or ABS, corporate bonds or mortgage-backed securities and loans of various types, something that had never done before bonuses. Bloomberg spread the news at noon, adding that the entity chaired by Mario Draghi had given the order to buy French mortgage bonds maturing in the short term at Societe Generale and BNP Paribas and various Spanish institutions whose ...Read full article...

Crowning the Dragon: World’s Top Economy

It was just a matter of time before China surpassed America as the world’s leading economy based on purchasing power parity (PPP). It’s an exchange rate between currencies measured by the cost of a representative basket of goods in one country v. another. Surprisingly, China’s growth happened faster than experts expected. In 2011, IMF economists estimated it would overtake America in 2016. At the time, they projected its PPP ...Read full article...

America is Truly a Country Run for the Few

The Bureau of Labor Statistics headline this morning reads:  “Payroll employment increases by 248,000 in September; unemployment rate declines to 5.9%.” How can this be?  US corporations are investing in buying back their own stocks, not in new business ventures that produce new jobs. According to the Census Bureau’s Poverty Report, US real median family income has declined to the level of twenty years ago.    Consumer credit and ...Read full article...

Washington’s Bloated Defense Budget

Washington Post editors want America’s bloated defense budget increased. So do some of its contributors. America’s business is war. Without end. Ravaging, destroying and pillaging one nation after another. Doing it for wealth, power and dominance. While vital homeland needs go begging. At a time America’s only enemies are ones it invents. Annual congressional national defense authorizations are the tip of the iceberg. America’s defense spending constitutes a black ...Read full article...

Economic Recovery in America? US Poverty Report Contradicts GDP Claims

2013 Real Median Household Declined to 1994 Level It is amazing how the government manages to continue selling Brooklyn Bridges to a gullible public. Americans buy wars they don’t need and economic recoveries that do not exist. The best investment in America is a highly leveraged fund that invests only in large cap companies that are buying back their own stocks. Many of the firms repurchasing their stocks are ...Read full article...

The slowdown in Latin America threatens the rise of the Middle Class

Most of Latin Americans who have entered the middle class in the last decade remain vulnerable. According to the United Nations Program for Development (UNDP), although 56 million Latin Americans have moved out of poverty between 2000 and 2012, about 200 million, a third of the total population, could again be poor in case of a major economic crisis. The UN, which provided the data in August, has now ...Read full article...

Rigged Gold Price Distorts Perception of Economic Reality

The Federal Reserve and its bullion bank agents (JP Morgan, Scotia, and HSBC) have been using naked short-selling to drive down the price of gold since September 2011. The latest containment effort began in mid-July of this year, after gold had moved higher in price from the beginning of June and was threatening to take out key technical levels, which would have triggered a flood of buying from hedge ...Read full article...

Sanctions Regime Directed against Russia is Part of a US-NATO Military Agenda

“We are implementing these new measures in light of Russia’s actions to further destabilise Ukraine over the last month, including through the presence of heavily armed Russian forces in eastern Ukraine, … If Russia fully implements its commitments, these sanctions can be rolled back. If, instead, Russia continues its aggressive actions and violations of international law, the costs will continue to rise.” ( President Barack Obama, September 11, 2001) ...Read full article...

No Economy For Americans

The Dow Jones stock average closed Friday at 17,137, despite the fact that the payroll jobs report was a measly 125,000 new jobs for August, an insufficient amount to keep up with the growth in the working age population. The low 125,000 jobs figure is also inconsistent with the Bureau of Economic Analysis’  second estimate of second quarter 2014 US GDP growth of 4.2 percent–a figure beyond the capability ...Read full article...

Anti-Russian Sanctions Wars Continue

Obama and other NATO member state heads are currently meeting in Wales. Discussions will continue Friday. Russia bashing continues. New sanctions are planned. More on this below. This summit meeting is one of NATO’s largest. Leaders and ministers from around 60 countries are attending. Included are senior representatives from 33 partner countries, the UN, OSCE, EU and other international organizations. NATO Secretary-General Anders Fogh Rasmussen said “concrete steps” will ...Read full article...

The True U.S. Rate of Unemployment is 23.2%

On January 6, 2004, Paul Craig Roberts and US Senator Charles Schumer published a jointly written article on the op-ed page of the New York Times titled “Second Thoughts on Free Trade.” The article pointed out that the US had entered a new economic era in which American workers face “direct global competition at almost every job level–from the machinist to the software engineer to the Wall Street analyst. ...Read full article...

Russia Fires First Salvo in the Sanctions War with the West

The Russian Government has published today a document which contains details on the ban of import agricultural products from countries of the European Union, United States, Australia, Canada, Japan and Norway. These products will be prohibited from entering Russian soil as part of a 12 month ban imposed as an answer to sanctions previously imposed by the West. The ban includes finished products as well as raw agricultural goods. ...Read full article...

“Offshoring Manufacturing” and the Decline of America’s Industrial Base

Redefinition Is America’s Most Powerful Factor of Production Last week’s government guesstimate that second quarter 2014 real GDP growth will be 4% seems nonsensical on its face. There is no evidence of increases in real median family incomes or real consumer credit that would lift the economy from a first quarter decline to 4% growth in the second quarter. Middle class store closings (Sears, Macy’s, J.C. Penney) have spread ...Read full article...

Ukrainian Prime Minister Yatsenyuk, Resigns amidst Pressures Exerted by the IMF

Ukraine’s Prime Minister Arseniy Yatsenyuk announced his resignation in the Rada (Parliament) and that of the entire Cabinet on Thursday, July 24.  This decision was taken following the withdrawal of two parties from the coalition government and the non-adoption of two important pieces of legislation, which had been demanded by the International Monetary Fund (IMF) “I announce my resignation after the collapse of the coalition and the blocking of ...Read full article...
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