Apr 18

- Are You Ready For The Price Of Food To More Than Double By The End Of This Decade?  (Economic Collapse, April 18, 2014):

Do you think that the price of food is high now?  Just wait.  If current trends continue, many of the most common food items that Americans buy will cost more than twice as much by the end of this decade.  Global demand for food continues to rise steadily as crippling droughts ravage key agricultural regions all over the planet.  You see, it isn’t just the multi-year California drought that is affecting food prices.  Down in Brazil (one of the leading exporters of food in the world), the drought has gotten so bad that 142 cities were rationing water at one point earlier this year.  And outbreaks of disease are also having a significant impact on our food supply.  A devastating pig virus that has never been seen in the U.S. before has already killed up to 6 million pigs.  Even if nothing else bad happens (and that is a very questionable assumption to make), our food prices are going to be moving aggressively upward for the foreseeable future.  But what if something does happen?  In recent years, global food reserves have dipped to extremely low levels, and a single major global event (war, pandemic, terror attack, planetary natural disaster, etc.) could create an unprecedented global food crisis very rapidly.

Continue reading »

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Apr 18

Heritage-Foundation

- 18 Stats That Prove That Government Dependence Has Reached Epidemic Levels (The American Dream, April 17, 2014):

Did you know that the number of Americans getting benefits from the federal government each month exceeds the number of full-time workers in the private sector by more than 60 million?  In other words, the number of people that are taking money out of the system is far greater than the number of people that are putting money into the system.  And did you know that nearly 70 percent of all of the money that the federal government spends goes toward entitlement and welfare programs?  When it comes to the transfer of wealth, nobody does it on a grander scale than the U.S. government.  Most of what the government does involves taking money from some people and giving it to other people.  In fact, at this point that is the primary function of the federal government. Continue reading »

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Apr 18

Recovery!


- Two More Victims Of The Retail Apocalypse: Family Dollar And Coldwater Creek  (Economic Collapse, April 17, 2014):

Did you know that Family Dollar is closing 370 stores? When I learned of this, I was quite stunned. I knew that retailers that serve the middle class were really struggling right now, but I had no idea that things had gotten so bad for low end stores like Family Dollar. In the post-2008 era, dollar stores had generally been one of the few bright spots in the retail industry. As millions of Americans fell out of the middle class, they were looking to stretch their family budgets as far as possible, and dollar stores helped them do that. It would be great if we could say that the reason why Family Dollar is doing so poorly is because average Americans have more money now and have resumed shopping at retailers that target the middle class, but that is not happening. Rather, as you will see later in this article, things just continue to get even worse for Americans at the low end of the income scale.

I was also surprised to learn that Coldwater Creek is closing all of their storesContinue reading »

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Apr 16

- Nearly one million people relying on food handouts in UK (RT, April 16, 2014):

One of Britain’s largest food charities says that more than 900,000 people visited its food banks last year. The Wednesday report comes as 600 religious leaders urge the government to take action against the country’s growing hunger problem.

The new information shows the shocking number of people reliant on food handouts in the UK, largely because of harsh new benefits sanctions.

According to The Trussell Trust, Britain’s largest food bank charity, 913,138 people received emergency food aid from the organization in 2013-2014, compared to just 346,992 in 2012-2013 – marking an increase of 163 percent.

Continue reading »

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Apr 16

escape-from-LA

- Los Angeles, a city of poverty and unemployment (WSWS, April 15, 2014):

On Wednesday, the second part of the Los Angeles 2020 Commission report was published. The report, taken together with its December 2013 predecessor, lifts the lid on the brutal, crushing conditions facing workers in the second largest city in the US.

In its introduction, the first report, “A Time for Truth,” declares that “Los Angeles is barely treading water” and is “becoming a City in decline.” This is an understatement. The report reveals that 40 percent of families either make poverty wages or are unemployed. In the author’s own words, four out of every ten residents live “in what only can be called misery.”

Continue reading »

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Apr 15

- Baltic Dry Drops For 15th Day To Lowest In 9 Months (Back Below $1000) (ZeroHedge, April 14, 2014):

And still the mainstream media’s discussion of the collapse in the Baltic Dry shipping index is entirely absent. As we have been pointing out for weeks now, something extreme is occurring in the cost of shipping dry bulk around the world. 2014 is now witnessing the biggest drop in price (a typical seasonal pattern) to start the year since records began. Today’s drop to $989 (the first time below $1000 since June 2013) is the 15th drop in a row and it’s not just this index that is fading: Capesize, Panamax, and Supramax rates are all falling. As we noted previously, the shipbuilding industry is already feeling the pain.

20140414_bdiy

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Apr 15

- “Death Spiral” – Harvard Professor Predicts Up To Half Of US Universities May Fail In 15 Years (Zerohedge, April 14, 2014):

Soaring student debt, competition from online programs and poor job prospects for graduates are shrinking the applicant pools for many universities and, as Bloomberg reports, the National Association of Independent Colleges and Universities warns “there will clearly be some institutions that won’t make it…through these difficult steps.” Rather stunningly, Moody’s found that expenses are outpacing revenue at 60 percent of the schools it tracks even as many try to slash their way to balanced budgets,” and concluded “what we’re concerned about is the death spiral… this continuing downward momentum for some institutions.” As Harvard professor Clayton Christensen has warned, as many as half of the more than 4,000 universities and colleges in the U.S. may fail in the next 15 years, and is “not sure a lot of these institutions have the cushion to experiment with how to stay afloat.” Continue reading »

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Apr 14


Added: Apr 11, 2014

Description:

Watch the full documentary at http://www.americandebtcrisis.com/go/….

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Apr 12

- 72% Of Greeks Need More Work To Make Ends Meet (ZeroHedge, April 12, 2014):

Almost 10 million out of 43.7 million part-time workers in the European Union were under-employed in 2013. As Bloomberg Brief’s Niraj Shah notes, based on Eurostat’s Labour Forces Study, a record 72 percent of Greek part-time workers wished to work more hours compared with 4.2 percent in the Netherlands.

20140411_part

Maybe the Dutch should lay some more people off to lower their bond yields? As we explained in great detail here, the Greek “recovery” is a mirage and these numbers do not lie.

Source: Bloomberg Briefs ( @economistniraj )

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Apr 12

The Baltic Dry is down 14 days in a row at $1002 – its lowest in 8 months (and worst start to a year on record)

20140411_bdiy

- Shipbuilding Orders Evaporate As Baltic Dry Collapses (Zerohedge, April 11, 2014):

The silence is deafening still about the ongoing collapse in the Baltic Dry Index among mainstream media types (as it just might challenge the hope/hype that growth is coming back). At the dismal level of 1002, BDIY is at 8-month lows and has fallen 14 days in a row… but now it is having a real world impact. As Sea News reports, Korean shipping companies are failing to place orders for large vessels and anxiety over the future is forcing some local companies to dispose of their assets despite the relatively low shipbuilding costs as of late. Continue reading »

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Apr 12

- From radio star to part-time mascot: Rebuilding a life at age 53 (Al Jazeera, April 9, 2014):

Like millions of Americans in recent years, Scott Alan went from middle class to struggling

This year, Scott Alan was the Easter Bunny. He’s been a rodeo clown and Santa Claus. Once, when he was dressed in a giant alligator suit, a group of college students threw a milkshake at his head. Recently, he was close to suicide.The country’s unemployment rate has been slowly creeping downward, but those official statistics don’t say what kinds of new jobs people are getting.

“The average mascot age is between 22 and 26,” Alan told “America Tonight.” “I was in my early 50s, still wearing a costume in 100-degree weather, in 20-degree weather, still performing, trying to survive and make a living.” Continue reading »

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Apr 11

- Japan Freefall Continues – Bank Stocks Hit Bear Market (ZeroHedge, April 10, 2014):

The Nikkei 225 is down over 700 points from the post-FOMC minutes exuberance with major volume hitting the open in Japan.

Japanese stocks are now down 15% from their high and trading at six-month lows (and the cheapest to the Dow in 15 months). USDJPY is tumbling further (though the standard opening knee-jerk stop-run is being attempted).

Within the broader Topix index, Japanese bank stocks have just hit a bear market (down over 20% from their highs) at 10-months.

When asked how he felt about this, we suspect Abe said “depends.”

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Apr 09

Prepare for the greatest financial/economic collapse in (known) world history.


- Baltic Dry Collapses To Worst Start To A Year On Record (ZeroHedge, April 9, 2014):

If you listen very carefully, you will still hear absolutely nothing from any talking-heads of the utter collapse that the last few weeks have witnessed in the Baltic Dry shipping index. The Baltic Dry has dropped 12 days in a row and plunged back to $1061 – its lowest since August 2013. This is the worst start to a year on record… must be the weather.

The Baltic Dry has dropped 12 days in a row and is now back to its lowest levels since August 2013… and almost post-crisis lows…

20140409_bdiy

Which is the worst start to a year since records began 30 years ago…

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The last time we saw a year start like this was 2012 which saw massive concerted co-ordinated central bank easing in Q3 to save us all… it seems that is not coming anytime soon this time…

Data: Bloomberg

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Apr 09

- 40 Central Banks Are Betting This Will Be The Next Reserve Currency (ZeroHedge, April 8, 2014):

As we have discussed numerous times, nothing lasts forever – especially reserve currencies – no matter how much one hopes that the status-quo remains so, in the end the exuberant previlege is extorted just one too many times. Headline after headlines shows nations declaring ‘interest’ or direct discussions in diversifying away from the US dollar… and as SCMP reports, Standard Chartered notes that at least 40 central banks have invested in the Yuan and several more are preparing to do so. The trend is occurring across both emerging markets and developed nation central banks diversifiying into ‘other currencies’ and “a great number of central banks are in the process of adding yuan to their portfolios.” Perhaps most ominously, for king dollar, is the former-IMF manager’s warning that “The Yuan may become a de facto reserve currency before it is fully convertible.”

The infamous chart that shows nothing lasts forever…

Nothing lasts forever… (especially in light of China’s recent comments)

Reserve Currency Status

As The South China Morning Post reports, Jukka Pihlman, Standard Chartered’s Singapore-based global head of central banks and sovereign wealth funds (who formerly worked at the International Monetary Fund advising central banks on asset-management issues), notes that:

At least 40 central banks have invested in the yuan and several others are preparing to do so, putting the mainland currency on the path to reserve status even before full convertibility

The US dollar remains in charge (for now)…but Continue reading »

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Apr 09

- More Americans Go Hungry Than All But 2 European Nations (ZeroHedge, April 8, 2014):

Since 2007, when the financial crisis touched down across the world, the proportion of people going hungry in Europe has soared, according to the OECD. As Bloomberg’s Niraj Shah notes, the number has doubled in Greece alone from 8.9% in 2007 to almost 18% currently unable to afford food. Across the European Union, the proportion of people going hungry ranges from 4.6% in Germany to over 30% in (ironically) Hungary. However, before one gloats at the weakness in Europe and the cleanest dirty shirt the US pretends to be, at 21.1% of Americans unable to afford food, only Hungary and Estonia are in worst shape

USA USA USA…

population-unable-to-afford-food

Source: @economistniraj via Bloomberg Briefs

 

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Apr 09

- 16 Signs That Most Americans Are NOT PREPARED For The Coming Economic Collapse (Economic Collapse, April 8, 2014):

Sometimes I think that I sound like a broken record.  I am constantly using phrases such as “get prepared while you still can” and “time is running out”.  In fact, I use them so often that people are starting to criticize me for it.  But the truth is that only a small percentage of people out there are actively taking steps to get ready for what is coming.  Most of the country is not prepared at all.  In many ways, it is just like 2007 all over again.  There were many people that could see what was about to happen and were doing all they could to warn people, but most did not listen.  And then the great financial crisis of 2008 struck and millions of people lost their jobs and their homes.  Unfortunately, the next great wave of the economic collapse is going to be even more painful than the last one.  It is imperative that people get prepared for what is on the horizon, but for the most part it is just not happening.

Continue reading »

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Apr 09

- What In The World Is Happening To The Nasdaq? (Economic Collapse, April 7, 2014):

All of a sudden, the Nasdaq is absolutely tanking.  On Monday, it fell more than 1 percent after dropping 3.6 percent on Thursday and Friday combined.  At this point, the Nasdaq is off to the worst start to a year that we have seen since 2008, and we all remember what happened back then.  So why is this happening?  In recent years, the Nasdaq has been ground zero for “dotcom bubble 2.0″.  The hottest stocks in the entire world are on the Nasdaq – we are talking about stocks like Yahoo, Netflix, Apple, Tesla, Google and Facebook.  Those stocks have gone to absolutely incredible heights, but now they are starting to fall.  Some are blaming insider selling, and without a doubt the “smart money” is starting to flee the stock market.  Just check out this chart.  Others are blaming low expectations for first-quarter earnings or the tapering of quantitative easing by the Federal Reserve.  But whatever is causing this decline, it is starting to get alarming.  The Nasdaq just experienced its largest three day fall since November 2011.

No stock can resist gravity forever.  What goes up must eventually come down.  This is especially true for stock prices that become grotesquely distorted.

Continue reading »

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Apr 08

FYI.

I do not believe in Bitcoin, or better: I do not believe something good will come out of Bitcoin.

Maybe Bitcoin will be used by the elitists to create their cashless society … after the global financial/economic collapse … as planned.

I do believe that gold and silver will be the best protection for your financial assets (like food & water supplies will ‘protect’ your physical body) in the future.

Bitcoin is called ‘virtual gold’.

Only PHYSICAL gold and silver are real, everything else will turn out to be a (‘virtual’) illusion.

Watching this bitcoin ‘sales pitch’ video was quite ‘painful’ and several different ‘manipulation alarms’ went off simultaneously in my brain.


26 us cities dump the dollar
Editor’s Note:After initially airing this interview exclusively for their readers, Money Morning has released it to the public, so that people across America can understand exactly what’s happened and what’s coming. Click here to watch it.

- 36 U.S. Cities in 20 States “Abandon” the Dollar (Money Morning, April 7, 2014):

Recently, famed billionaire Warren Buffett warned we should “fear paper money.”

And with the U.S. dollar losing 38.5% of its value since 2002, Buffett’s concerns are unfortunately justified.

However, he probably couldn’t have imagined a secret currency crisis that’s developing very quickly across America now.

36 cities in 20 states have taken aggressive measures to abandon the U.S. dollar.

And more are planning to do so in the near future.

Continue reading »

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Apr 08


Added: Apr 6, 2014

Description:

#WaveOfAction started April 4 the day Martin Luther King was assassinated by US government; military scorns drone operators as ‘cowardly button pushers’, troops refuse to man killer UAVs; America ‘not really a democracy at all’.

Seek truth from facts with Regime Change Begins at Home author Professor Charles Derber; Center on Conscience & War counseling coordinator Bill Galvin; lawyer Kevin Zeese; Banker Occupation author Stephen Lendman; peace activist Professor Michael Nagler; and former drone pilot Brandon Bryant.

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Apr 07


(Watch at Future Money Trends)

- Trend Analyst: “Yes, There Will Be Riots In Major Cities” (SHFTplan, April 6, 2014):

If you’ve watched a documentary about America’s economic situation in recent years there is a strong chance it was produced by Daniel Ameduri of Future Money Trends. He’s covered topics that include everything from the massive college debt bubble and the future of real estate,  to water wars and what it will look like on the day the U.S. dollar finally crashes.

In the following interview Daniel shares a wealth of knowledge and takes a practical approach for how to thrive personally and financially during an economic collapse.

Continue reading »

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Apr 07

- This Is What Employment In America Really Looks Like… (Economic Collapse, April 6, 2014):

The level of employment in the United States has been declining since the year 2000.  There have been moments when things have appeared to have been getting better for a short period of time, and then the decline has resumed.  Thanks to the offshoring of millions of jobs, the replacement of millions of workers with technology and the overall weakness of the U.S. economy, the percentage of Americans that are actually working is significantly lower than it was when this century began.  And even though things have stabilized at a reduced level over the past few years, it is only a matter of time until the next major wave of the economic collapse strikes and the employment level goes even lower.  And the truth is that more good jobs are being lost every single day in America.  For example, as you will read about below, Warren Buffett is shutting down a Fruit of the Loom factory in Kentucky and moving it to Honduras just so that he can make a little bit more money.  We see this kind of betrayal over and over again, and it is absolutely ripping the middle class of America to shreds.

Continue reading »

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Apr 06

- From Euphoria To Despair (Zerohedge, April 6, 2014):

Perhaps no chart better captures the current fleeting, momentum-chasing “euphoria to despair” sentiment in the markets, in which nothing is real or fundamentally-driven, and where everything is a “smoke and mirrors” illusion encouraging the speculative stampede into (and then out of) the comfort of printed paper “wealth”, than the following visual summary of how foreign cash came to Japan, injecting a record amount of money on hopes that Abenomics would promptly send the Nikkei to 20,000, and upon realizing the failure of Abenomics to result in a virtuous market expansion (the Nikkei is down about 7% for 2014), has high-tailed it out of the land of the rising sun at the fastest pace in history!

Japan net buying

And keep in mind that the Nikkei is still roughly, and artificially, 50% higher than where it will be once the Abenomics euphoria is fully faded. Which is why the purple line may still have a very long way to go… in an inversely upward direction.

Source: Diapason Commodities Management

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Apr 06

- Zillow Study Shows 1 in 3 Homes are Unaffordable, Meanwhile Vacation Home Sales Soar (Liberty Blitzkrieg, April 5, 2014):

In a further demonstration of the socially destructive and ever widening gap between the haves and have nots, we see that the affluent are buying second homes at an ever increasing clip (up 30% last year), while first home buyers recede into the abyss as private equity and Chinese buyers make purchasing a home unaffordable for the average American.

Specifically, a recent study from Zillow showed that more than half the homes in seven major American cities are unaffordable based on historical standards. Those cities are: Miami, Los Angeles, San Diego, San Francisco, Denver, San Jose and Portland, Ore. Nationwide, it found that 1 in 3 homes were unaffordable. The results seem to back up housing analyst Mark Hanson’s recent conclusion that despite low interest rates, housing is even less affordable than the most bubbly year ever, 2006.

This also appears to be a primary reason behind Zillow now actively pitching its U.S. real estate listing to the Chinese, many of whom are corrupt and looking to launder ill gotten gains.

First, from Housing Wire: Continue reading »

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Apr 05

- Moody’s downgrades Ukraine to ‘default imminent’ (RT, April 5, 2014):

Moody’s Investors Service has downgraded Ukraine’s government bond rating one notch from Caa2 to Caa3, citing the current political crisis and deepening economic instability as reasons for its negative outlook.

The Caa rating is a credit risk grading pertaining to investments that are both very poor quality and entail a high credit risk. The current downgrade drops Ukraine from Moody’s “extremely speculative” rating to “default imminent with little prospect for recovery.”

Moody’s said the downgrade was driven by three factors, which “exacerbate Ukraine’s more longstanding economic and fiscal fragility.”

Continue reading »

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Apr 05

- Baltic Dry Drops 9th Day In A Row; Worst Q1 In Over 10 Years (Zerohedge, April 5, 2014):

For a few weeks there, as the Baltic Dry Index rose, talking-heads were ignominous in their praise of the shipping index as a leading indicator of an awesome future ahead for the world economy. The last 9 days have smashed that ‘hope’ to smithereens (and yet the talking-heads have gone awkwardly silent, having moved on to some other bias-confirming meme). The Baltic Dry is down 25% in the last 2 weeks, back near post-crisis lows, and has just suffered the worst start to a year in over a decade. But apart from that, seems global trade is all-good and about to take off any minute now…

The worst start to a year in over a decade… Continue reading »

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Apr 05

Abandoned-Packard-Automobile-Factory

- Shocking Facts About The Deindustrialization Of America That Everyone Should Know (Economic Collapse, Aprl 3, 2014):

How long can America continue to burn up wealth?  How long can this nation continue to consume far more wealth than it produces?  The trade deficit is one of the biggest reasons for the steady decline of the U.S. economy, but many Americans don’t even understand what it is.  Basically, we are buying far more stuff from the rest of the world than they are buying from us.  That means that far more money is constantly leaving the country than is coming into the country.  In order to keep the game going, we have to go to the people that we bought all of that stuff from and ask them to lend our money back to us.  Or lately, we just have the Federal Reserve create new money out of thin air.  This is called “quantitative easing”.  Our current debt-fueled lifestyle is dependent on this cycle continuing.  In order to live like we do, we must consume far more wealth than we produce.  If someday we are forced to only live on the wealth that we create, it will require a massive adjustment in our standard of living.  We have become great at consuming wealth but not so great at creating it.  But as a result of running gigantic trade deficits year after year, we have lost tens of thousands of businesses, millions upon millions of jobs, and America is being deindustrialized at a staggering pace.

Continue reading »

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Apr 04

- Shocking and Unthinkable! Satanically Sexualized Kids–It’s Worse Than You Might Think! An Epidemic of Perversity Is Spreading (Jaw Dropping Video Footage/Disturbing Photos) (Pakalert, April 3, 2014):

SPECIAL NOTE: Warning: In case you did not notice in the headline, the photos and information herein are disturbing! They are all legal and from legal activites..even more disturbing! I have posted this information/pictures to show you who do not know, or choose to live in hiding about it, or deny it, what is going on!  If these photos DO NOT disturb you, something is very wrong with you!  This is sick, twisted, and demented!  These pictures and activities are going on, and are legal across the world!  In the ‘not so distant past’, these sorts of photos and materials would have been OFF the internet and someone would have been arrested!  The truth be told, these were among some of the first photos on a Google picture search!  One must ask, why have we allowed this to go as far as it has?

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Apr 03

The-United-States-A-Colony-Of-China

- The Chinese Are Acquiring Large Chunks Of Land In Communities All Over America (The Truth, March 31, 2014):

Has the United States ever experienced a time when a foreign nation has attempted to buy up so much of our land all at once?  As you will read about in this article, the Chinese are on a real estate buying spree all over America.  In fact, in some cases large chunks of land are actually being given to them.  Yes, you read that correctly.  China is on the way to becoming the dominant land owner in the entire country, and that is starting to alarm a lot of people.  Do we really want a foreign superpower to physically own so much of our territory?

There are some that are playing down this threat by making a distinction between the Chinese government and Chinese corporations, but things work differently over in China than they do here.  In China, the government is involved in everything.  In fact, 43 percent of all corporate profits in China are produced by companies that the Chinese government controls.  And all of the rest of the companies are very careful to follow the lead and direction of the Chinese government.

Continue reading »

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Apr 03

H/t reader M.G.:

“Another story from the UK Guardian….about Detroit. This is happening all over America while our corrupt leaders fiddle………”


A vacant and blighted home on Detroit's east side
A vacant and blighted home on Detroit’s east side. Photograph: Reuters

- The death of a great American city: why does anyone still live in Detroit? (Guardian, April 3, 2014):

The city’s social contract was shredded long ago and everyone knows time is running out – but some Detroiters have hope

Khalil Ligon couldn’t tell if the robbers were in her house. She had just returned home to find her front window smashed and a brick lying among shattered glass on the floor. Ligon, an urban planner who lives alone on Detroit’s east side, stepped out and called the police.

It wasn’t the first time Ligon’s home had been broken into, she told me. And when Detroit police officers finally arrived the next day, surveying an area marred by abandoned structures and overgrown vegetation, they asked Ligon a question she often ponders herself: why is she still in Detroit?

Continue reading »

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Mar 31

Prepare for collapse.


- High Frequency Trading: Why Now And What Happens Next (ZeroHedge, March 31, 2014):

For all the talk about how High Frequency Trading has rigged markets, most seem to be ignoring the two most obvious questions: why now and what happens next?

Continue reading »

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