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Economy

Will the US Fed stop pumping fiat currency in 2014?

It is necessary to consider whether an economy that is traditionally addicted to free money can suddenly deal with a global depression in the middle of its ‘withdrawal’. The world’s most important stocks markets have enjoyed very profitable times for the past four weeks. Hundreds of investors have made a lot of money in what seemed to be an insatiable rush to buy and sell stocks to squeeze the ...Read full article...

Polish Economic Miracle Fading Down

Until a few months ago, there was talk of Poland as an economic miracle. It is the only European country that has not entered into recession since the 2008 financial crisis hit and instead grew to 4.5% in 2011. Since winning the 2007 elections, the liberal candidate Donald Tusk, 56, had made the country a benchmark of stability among its neighbors in Central and Eastern Europe and had Germany ...Read full article...

Are you broke and can’t afford healthy food? Here is what you need to do

The lower your income is, the more difficult it is to be particular about what you feed your family. This probably isn’t an earth-shattering revelation to anyone, but if you feel like experimenting, try to buy a week’s worth of healthy food for a family on a budget of, say, $50-75.  Food manufacturers that target lower income shoppers with more affordable products tend to include more GMOs and toxic ingredients in ...Read full article...

Hiding Economic Depression With Spin

Time is running out for the US economy and the American people.  The financial press and economic commentators, with few exceptions, do a good job of keeping this fact from the public. Consider for example the spin put on the “advance estimate” of the real GDP growth rate for the second quarter announced on July 31. The annual rate of 1.7 percent real GDP growth for the second quarter ...Read full article...

Detroit Mirrors America’s Decline

America’s been declining for decades. It’s going the way of all empires. It’s dying a slow death. It’s epitaph one day will read hubris and overreach killed it. Misguided policies don’t work. Chalmers Johnson once said it’s “too late for mere scattered reforms.” They won’t make a damn bit of difference. It’s fate is practically sealed. It’s on a slippery slope the wrong way. It’s happening in real time. ...Read full article...

Greek Parliament Dismisses Thousands of Government Workers

The Greek parliament has approved 109 items with the arrangements for the dismissal of several thousand employees and a series of fiscal reforms agreed with the troika. The bill received 153 votes, the number corresponding to the sum of the members of the conservative New Democracy and socialist Pasok Parties, the two members that make up the bipartisan government. In an unprecedented initiative, since it involves the dismissal of ...Read full article...

The Stealth Collapse of the American Economy

The Economic Collapse….people envision bank runs, life WROL (without rule of law), piles of worthless currency, rampant homelessness, and breathless news reports on CNN and the network channels (if you happen to still have access to a television, that is). They imagine a grim, gray world, devoid of entertainment, with unwashed citizens digging desperately through the trash. Because of this apocalyptic image, the idea of an economic collapse seems ...Read full article...

“Short Selling” and the Rigging of the Gold Market

I was the first to point out that the Federal Reserve was rigging all markets, not merely bond prices and interest rates, and that the Fed is rigging the bullion market in order to protect the US dollar’s exchange value, which is threatened by the Fed’s quantitative easing.  With the Fed adding to the supply of dollars faster than the demand for dollars is increasing, the price or exchange ...Read full article...

Historical Roots of the Social Crisis in Brazil. The Role of the IMF

More than a million people across Brazil have joined one of the largest protest movements in the country’s history. Ironically, the social uprising is directed against the economic policies of a self-proclaimed “socialist” alternative to neoliberalism led by the Worker’s Party government of president Dilma Rousseff. The IMF’s “strong economic medicine” including austerity measures, the privatization of social programs have been implemented under the “progressive” and “populist” banner of ...Read full article...

The Rational Market Myth: “Financial Armageddon” without Nukes

One of the myths of economics is that markets are rational. Theories are based on this assumption, and the belief that markets are rational fuels the argument against regulation.  The market response to the Federal Reserve’s June 19 statement that it will taper off its bond purchases if its forecast comes true is unequivocal proof that markets are irrational. The Federal Reserve’s statement that it “currently anticipates that it ...Read full article...

U.S. Government issues yet another phony Jobs Report

The payroll jobs report for May released today continues the fantasy. Goods producing jobs declined, with manufacturing losing another 4,000 jobs, but the New Economy produced 179,000 service jobs. Are these jobs the high-powered, high-wage “innovation jobs” that economists promised would be our reward from Globalism. I’m afraid not. According to the Bureau of Labor Statistics, the jobs created are the usual lowly paid non-exportable domestic service jobs–the jobs ...Read full article...

Japan cancels import of American Wheat on GMO contamination

A strain of genetically modified wheat found in the United States fuelled concerns over food supplies across Asia on Thursday, with major importer Japan cancelling a tender offer to buy U.S. grain. Other top Asian wheat importers South Korea, China and the Philippines said they were closely monitoring the situation after the U.S. government found genetically engineered wheat sprouting on a farm in the state of Oregon. The strain ...Read full article...

Another World Bank insider exposes banker network of financial corruption

After Joseph Stiglitz and a separate analysis about The Network of Global Corporate Control, another confirmation that the world is managed by a small group of central bankers has come to light by a group of World Bank whistleblowers. A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says the global financial system is dominated by a small group of corrupt, power-hungry figures centered around the privately ...Read full article...

Rigged Gold Bullion Market scheme to counteract QE effect on dying U.S. dollar

Over the past month there has been a statistically improbable concurrence of events that can only be explained as a conspiracy to protect the dollar from the Federal Reserve’s policy of Quantitative Easing (QE). Quantitative Easing is the term given to the Federal Reserve’s policy of printing 1,000 billion new dollars annually in order to finance the US budget deficit by purchasing US Treasury bonds and to keep the ...Read full article...

Gangster State America. “Naked Short” in the Gold Market

There are many signs of gangster state America. One is the collusion between federal authorities and banksters in a criminal conspiracy to rig the markets for gold and silver. My explanation that the sudden appearance of an unprecedented 400 ton short sale of gold on the COMEX in April was a manipulation designed to protect the dollar from the Federal Reserve’s quantitative easing policy has found acceptance among gold ...Read full article...