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Economy

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...

The 21st Century: An Era Of Fraud

In the last years of the 20th century fraud entered US foreign policy in a new way.  On false pretenses, Washington dismantled Yugoslavia and Serbia in order to advance an undeclared agenda. In the 21st century, this fraud multiplied many times. Afghanistan, Iraq, Somalia, and Libya were destroyed, and Iran and Syria would also have been destroyed if the President of Russia had not prevented it. Washington is also ...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...

Food Prices Soar as Canadian Dollar Collapses

The Canadian dollar is collapsing… Today, the price of oil dropped to $29 in the U.S. Oil hasn’t been this cheap since 2003. It’s even cheaper in other parts of the world, as The Wall Street Journal reported yesterday (emphasis added): A basket of crude oils sold by the 13 members of the Organization of the Petroleum Exporting Countries fell Wednesday to $25.69 a barrel. Oman crude-oil futures on ...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...

$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...

Brazil’s Economic Debacle

This is what The Economist magazine did not say in its simplistic and reductionist report. In one of many interviews, Oscar-winning producer Brian Grazer said that a person must “know the weeds, to have lived in them”. Grazer meant that a person wouldn’t want to get involved in something which he had not enough knowledge about. Even though Grazer was explaining his view as to how to become a delegator, ...Read full article...

The Stock Market Is Lying to You

Are we in a bull market, or not? Nearly seven years ago, the U.S. stock market began a historic rally. After bottoming out in March 2009, the S&P 500 gained 204% through December 2014. But this year, the rally has fizzled out. The S&P 500 has lost 1% since January. As you can see in the chart below, stocks have gone nowhere in 2015. Last week, the S&P 500 ...Read full article...

The U.S. Stock Market Is Rotting from the Inside

One of the world’s most important markets continues to flash danger signs… Regular readers know we keep close tabs on the bond market. The bond market is where individuals, companies, and governments go to borrow money. The U.S. bond market is about twice as large as the U.S. stock market. That’s one reason the bond market can signal trouble before the stock market. •  The junk bond market is where ...Read full article...

The Brazilian Economy has Yet to Bottom Out

The Brazilian economy is like a rotting corpse. Everyone knows it is dead and everyone can smell its decomposing remains from far away. The only reason why the economy in Brazil has not totally imploded is due to the same reason other large economies in the western world have not collapsed. Governments have been resourcing to perpetual indebtedness and out of control money printing to cope with the weakening ...Read full article...

Junk Bond Market: The Biggest Red Flag since the Great Recession

The junk bond market continues to show signs of cracking… For months now, we’ve pointed to the decline of junk bond values as one of the biggest red flags in the entire market. The bond market is where companies, countries, and individuals go to borrow money. It’s far larger and more important than the stock market. The U.S. bond market, for instance, is about twice as large as the U.S. ...Read full article...

New Socialist Government Keeps Portuguese People Under The Whip

What we are witnessing is the re-enserfment of Western peoples. The austerity imposed on the Portuguese people by the One Percent has resulted in the election of a coalition government of socialists, communists, and a “left bloc.” In the 20th century, socialism and the fear of communism humanized Europe, but beginning with Margaret Thatcher the achievements of decades of social reforms have been rolled back throughout Europe as bought-and-paid ...Read full article...

Greece strikes to oppose Tsipras’ Austerity

Even Tsipras’ own party -Syriza- is supporting the strike that affects transportation, news services and hospitals. Greece is experiencing today the first general strike under President Alexis Tsipras, at a time that creditors have returned to Athens to unblock some points of the negotiations for the disbursement of 2 billion euros of the so-called rescue and 10 billion euros for the recapitalization of the banking. Syriza, the party of ...Read full article...

The Global Economy is in Worse Shape than You Think

Saudi Arabia is sliding toward a crisis… As you likely know, the price of oil has crashed since last summer. In June 2014, oil peaked at over $106/barrel. Today, oil trades at just $44…good for a 58% decline. The oil crash has crushed oil stocks. Exxon Mobile Corporation (XOM), America’s largest oil company, has dropped 19% since July 2014. Chevron Corporation (CVX), America’s second-largest oil company, has dropped 29% ...Read full article...

Deutsche Bank cuts 35.000 Jobs in Latin America

eutsche Bank, the biggest German bank, announced yesterday what it called a major restructuring. Its new president, John Cryan, used his first press conference to present hard adjustment plans “to clean up the bank”. After taking record losses of more than 6 billion euros in the third quarter, Cryan said the bank will reduce its workforce by more than 35,000 employees in the next two years. The bank will ...Read full article...
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