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The US Economy Has Not Recovered And Will Not Recover

The United States government has abandoned everyone except the rich. The US economy died when middle-class jobs were offshored and when the financial system was deregulated. Jobs offshoring benefitted corporate executives and shareholders, because lower labor and compliance costs resulted in higher profits. These profits flowed through to shareholders in the form of capital gains and to executives in the form of “performance bonuses.” Wall Street benefitted from the ...Read full article...

The Case for Outlawing Cash

Can you imagine a world where the government bans Americans from holding cash? Investors are losing confidence… They’re probably losing confidence in corporate managers, for instance. Who wants to own stock in companies run by numbskulls who buy back shares in their companies at record prices just before a major selloff? Or maybe they’re wondering whether the world’s $200 trillion in total debt (roughly 300% of total output) can ...Read full article...

Does Bank Stocks plunging Signal the Crisis to Come?

Wall Street banks were bailed out in 2009 after the Federal Reserve wired billions in fake money to their coffers. In 2016, central banks are out of ammunition and globalized banking institutions are again on the brink of collapse. European bank stocks are crashing. Deutsche Bank (DB), Germany’s largest bank, has plunged 36% this year. Its stock is at an all-time low. Credit Suisse (CS), a major Swiss bank, ...Read full article...

Privatization Is the Atlanticist Strategy to Attack Russia

NOTE: Readers are asking to know who, in addition to the Western-financed NGOs, are the Fifth Columnists inside Russia. Michael Hudson and I left the description general as Atlanticist Integrationists and neoliberal economists. The Saker provides some specific names. Among the Fifth Columnists are the Russian Prime Minister, head of the Central Bank, and the two top economics ministers. They are springing a privatization trap on Putin that could undo ...Read full article...

Here’s Why Oil Stocks Haven’t Bottomed Yet

Oil companies are hemorrhaging money… The oil market is in its worst downturn in decades. The price of oil has plummeted 72% since June 2014. Oil is trading below $30 a barrel for the first time since 2003. If you’ve been reading the Dispatch, you know the world has too much oil. In recent years, technologies like “fracking” have unlocked billions of barrels of oil that were once impossible ...Read full article...

Safe Stocks for a Bear Market

It’s been hard to make money in stocks this year. If you’ve been reading the Dispatch, you know the bull market in U.S. stocks has sputtered out. From March 2009 to May 2015, the U.S. stock market gained 215%, one of its strongest rallies in the last 20 years. However, since topping out in May, the S&P 500 has dropped 9%. So far this year, all major U.S. stock ...Read full article...

Where to Hide Your Money From Reckless Governments

A major central bank just made a desperate move… If you’ve been reading the Dispatch, you know we’re living through a gigantic “global monetary experiment.” In short, global central banks cut interest rates to zero to fight the 2008 financial crisis. They’ve held interest rates near zero ever since. These reckless “easy money” policies have made it extremely cheap to borrow money. Using borrowed money, people have bought trillions ...Read full article...

Brazil’s Real plunged 40% against the U.S. dollar in Two Years

Brazil’s stock market collapsed by 51% in the last year. Brazil is heading for disaster… Brazil is the world’s eighth biggest economy and the fifth most populated country. It’s the “B” in “BRICS,” Wall Street’s acronym for big emerging markets with huge growth potential. Russia, India, China, and South Africa are the other four BRICS. Brazil’s economy grew rapidly from 2000 to 2010. Wall Street expected Brazil to keep growing fast and to ...Read full article...

Unlimited Credit is the Real Threat to the Global Economy

Real money in US dollars accounts for $1.2 trillion worldwide. Of that, only about $250 billion are in circulation in the US. The rest of the US dollars circulating around the country are worthless. The same situation occurs around the world. What’s the problem with that? The US government alone spends $3.5 trillion a year. The same US government has spent over $14 trillion to unsuccessfully deal with the ...Read full article...

Tax Havens are key for 62 Billionaires to avoid paying Taxes on their Wealth

The 62 Richest individuals in the world hold as much wealth as the rest of the population, according to Oxfam. The wealth of the poorest 50% dropped by 41% between 2010 and 2015, while the wealth of the richest 62 people increased by $500bn to $1.76 trillion in the same period. By 2020, the number of billionaires in the world will fit in a small shuttle bus. The poorest ...Read full article...

Still Think the Economy is “Recovering”? Walmart Is Closing 269 Stores

The economy is collapsing around us, and if you aren’t already prepared, it’s time to get with it ASAP, because Wal-Mart is closing 269 stores. If that doesn’t ring loud, clanging warning bells for you, then nothing will convince you of the need to prepare for economic collapse. If you listened to the State of the Union address (listen for free) last week, you heard President Obama accuse those who ...Read full article...

Brazil Sanctions Law to Confiscate 30% of people’s Foreign Investments

The government will dig deeper into taxpayer pockets to ‘heal’ its crisis. When a government has no money, it either prints it from thin air or steals it from taxpayers’ pockets. In the case of Brazil, its state of indebtedness and disastrous credit rating does not allow it to borrow more money abroad without having to pay hefty fees, so Dilma Rousseff has signed a new law, which was ...Read full article...

The FBI’s Worst Nightmare

The bloodbath in oil continues. Yesterday, oil dipped below $30/barrel for the first time since December 2003. Just 18 months ago, a barrel of oil cost $106.77. Oil is off to a horrible start in 2016. The price of oil has fallen every day this year, shocking many Wall Street analysts who called a bottom in the $35-40 range. On Monday, The Wall Street Journal reported: Morgan Stanley issued ...Read full article...

The Latest Major Bankruptcy

Another giant U.S. company is going broke. Arch Coal (ACI), the second-largest U.S. coal producer, filed for bankruptcy yesterday. Coal prices have dropped 98% since 2008, causing a major crisis for the coal industry. Arch Coal’s quarterly sales has fallen in 13 of the last 14 quarters. It missed a $90 million loan payment last month, and has $4.5 billion in debt it can’t afford to pay. Arch Coal’s ...Read full article...

$2.5 Trillion in Wealth Has Vanished since Monday

The financial markets are in chaos… Chinese stocks crashed again last night, dropping 7% in less than an hour. The Shanghai Composite Index is now down 11.7% this week, and 40% since peaking last June. For the second time this week, China’s stock exchange completely shut down. As Dispatch readers know, China put new “circuit breaker” rules in place that shut down the exchange if stocks drop too quickly. ...Read full article...
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