Feb 05

The bartender recovery …


All Job Gains Since December 2007 Have Gone To Foreign-Born Workers:

Starting with the infamous month when it all started falling apart, December 2007, the US has added just 186,000 native-born workers, offset by 13.5x times more, or 2,518,000, foreign born workers.

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Feb 05

World’s Biggest Containership “Hard Aground” As Baltic Dry Crashes Below 300 For First Time Ever:

Before this year the lowest level The Baltic Dry Index had reached was 556 in August of 1986 and the highest was in June 2008 at a stunning 11,612. Today saw the freight index hit a new milestone however, crashing through the 300 barrier for the first time ever – at 298, this is almost 50% below the previous record low.

Baltic Dry Index Record Low

Commodities obviously are saying something very different from “the market”… Continue reading »

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Feb 05

waroncash

The War on Cash: A Country by Country Guide:

Corbett Reporteers will be no stranger to the war on cash. I’ve made videos discussing it, conducted interviews about it, written articles examining it and dissected it on the radio.

The war has been waged through mainstream propaganda outlets, TV advertisements and even children’s games.

We’ve heard cash is dirtied by drug dealing, tarnished by terrorism, tainted by tax evasion (heaven forbid!) and just plain dirty. Not to mention sooooo outdated. Continue reading »

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Feb 05

looted store

Real Goods Are The Real Money:

This article was written by Tom Chatham and originally published at Project Chesapeake

We have seen the massive drop in the Baltic Dry Index over the past few months indicating shipping of bulk materials around the world is slowing down to unprecedented levels. We have seen the shutdown and mothballing of hundreds of locomotive engines in the U.S. just over the past few months indicating goods and raw materials are not being shipped in the normal volume as in years past. Continue reading »

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Feb 05

70% Of Jobs Added In January Were Minimum Wage Waiters And Retail Workers:

According to the BLS’ breakdown of jobs added in January of the 151,000 jobs added in the past month, retail trade added 58,000 jobs in January, while employment in food services and drinking places, aka waiters and bartenders, rose by 47,000 in January.  In other words, 70% of the job gains in January went to minimum wage workers.

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Feb 05

Hyperinflating Venezuela Used 36 Boeing 747 Cargo Planes To Deliver Its Worthless Bank Notes:

The weeks ago, when we showed “What The Death Of A Nation Looks Like: Venezuela Prepares For 720% Hyperinflation“, we said that after looking at a chart of Venezuela’s upcoming hyperinflation…

venezuela inflation_0

…  a hyperinflation in which the soaring stock market has failed to keep pace with the collapsing currency, thereby mocking all erroneous thought experiments that under hyperinflation being long the stock market is a sure hedge to currency destruction…

Venezuela caracas stock exchange adjusted

… we joked that it is unclear just where the country will find all the paper banknotes it needs for all its new currency. Continue reading »

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Feb 05

Four Days After Predicting Oil Will Double, T. Boone Pickens Sells All Oil Holdings:

Just four days ago, on Monday afternoon, “legendary” oilman T Boone Pickens said that crude has hit bottom at $26 per barrel, and predicting that prices should double within 12 months.

Pickens then doubled-down on his wrong call from last year, telling CNBC’s “Squawk Box” that oil prices will rise to at least $52 per barrel by the end of the year. That said, he was at least honest enough to admit that his virtually identical call from last year, when he thought prices would strongly rebound, was wrong. Continue reading »

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Feb 05

Welcome To The Recovery: 1 In 7 Americans (45.5 Million) Remain On Food Stamps:

More than six years into Dear Leader’s glorious economic recovery, 45.5 million Americans, or one in seven, remain on food stamps.

I’d say that’s a problem, but I don’t want to be accused of “peddling economic fiction.”

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Feb 05

Obama Proposes $10/Barrell Oil Tax To Fund Government Transportation Spending

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Feb 05

The Swiss National Bank Doubled Its Holdings Of AAPL Stock In 2015

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Feb 04

Meet The World Leader Who Stole His Citizens’ Gold:

Even before his coronation in 1626, King Charles I of England was almost bankrupt.

His predecessors King James and Queen Elizabeth had run the royal treasury down to almost nothing.

Costly war and military folly had taken its toll. The crown had simply wasted far too much money, and brought in too little.

To make matters worse, King Charles was constantly at odds with parliament. Continue reading »

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Feb 04

Ever since this Rothschild puppet and Bilderberg bastard left Deutsche I’ve put it on my watchlist:

Bilderberg Josef AckermannJosef Ackermann


Is It Time To Panic About Deutsche Bank?:

Back in April 2013, we showed for the first time something few were aware of, namely that “At $72.8 Trillion, The Bank With The Biggest Derivative Exposure In The World” was not JPMorgan as some had expected, but Germany’s banking behemoth, Deutsche bank.

Some brushed it off, saying one should never look at gross derivative exposure but merely net, to which we had one simple response: net immediately becomes gross when just one counterparty in the collateral chains fails – case in point, the Lehman and AIG failures and the resulting scramble to bailout the entire world which cost trillions in taxpayer funds.

We then followed it up one year later with “The Elephant In The Room: Deutsche Bank’s $75 Trillion In Derivatives Is 20 Times Greater Than German GDP.”

Then, last June, we asked the most pointed question yet: Is Deutsche Bank The Next Lehman?only this time it wasn’t just the bank’s gargantuan balance sheet risk shown below that was dominant…

Deutsche Bank Germany Eurozone GDP

…. but the fact that it impaired assets had finally started to trickle down through to the income statement, leading to loss after loss, management exit after exit, market rigging settlement after market rigging settlement, and all culminating ten days ago with the bank’s “titanic”, and record, €7 billion loss, surpassing the bank’s troubles even during the depths of the Global Financial Crisis.

Continue reading »

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Feb 04

Economic collapse is inevitable, here’s why…:

America is quickly approaching a catastrophic economic collapse. Before you dismiss this as hype or paranoia, take a few minutes to review the facts outlined on this page. The numbers don’t lie. At this point, the dollar crash is unavoidable… far from an exaggeration this is a mathematical certainty. As repelling as that sounds, it’s in your own best interest to learn just how bad the situation is.

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Feb 04

Market-Forex-

Dr. Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

Why Michael Hudson is the World’s Best Economist:

Michael Hudson is the best economist in the world. Indeed, I could almost say that he is the only economist in the world. Almost all of the rest are neoliberals, who are not economists but shills for financial interests.

If you have not heard of Michael Hudson it merely shows the power of the Matrix. Hudson should have won several Nobel prizes in economics, but he will never get one. Continue reading »

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Feb 03

H/t reader squodgy:

“From my humble & enjoyable experience of America, the restaurant has, for at least the last thirty years, been the foundation of culture, whether for breakfast, lunch or dinner. From Az to Fl to Wi to Ala to Ks, the meal out is a part of life.

This news bodes ill for the USA, people are either starving or learning to cook for themselves again.”


Restaurant Industry Suddenly Tanks, Worst Plunge since the Beginning of the Financial Crisis:

Plunges like this only occur when something big is going on.

The restaurant industry has been unscathed by the economic slowdown. The meme is that Millennials like to spend their money on “experiences” – such as eating out, drinking at their favorite watering holes, and going places (and eating out) – rather than buying stuff, particularly stuff at brick-and-mortar stores. Continue reading »

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Feb 03

“We’re Nearing The End” David Stockman Warns, Retail Investors Are “Heading For The Slaughter”:

Former Reagan White House Budget Director David Stockman says retail investors are going to take, yet, another very big hit. Stockman explains,

“The retail investor waded in again. The sheep lined up and, unfortunately, are heading for the slaughter one more time. I think it is very hard to see how this Baby Boom generation, with 10,000 of them retiring a day, can afford one more devastating crash in their stock holdings. That is, unfortunately, what we are heading for. That’s why I say it’s dangerous. When the bubble breaks, it will spill and flow throughout the Main Street economy.”

Stockman warns the next crash will be bigger than any other in history. Stockman, the best-selling author of “The Great Deformation,” says, Continue reading »

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Feb 03

“It’s Probably Nothing”: January Truck Orders Collapse 48%

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Feb 03

GOLD-BARS

GOLD – It’s Time to Pay Attention:

The last time I shared my thoughts on gold, a subject I had previously wrote about constantly, was all the way back in July of last year. That post was titled, 4 Mainstream Media Articles Mocking Gold That Should Make You Think. Here’s an excerpt: Continue reading »

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Feb 03

Vancouver Real Estate Goes Full-Retard; Average Home Price Now $1.8 Million:

Residential property sales in Greater Vancouver rose 31.7% in January. That’s 46% above the 10-year sales average for the first month of the year and the second highest January ever, the Greater Vancouver Real Estate Board reports. The benchmark price for a detached home in Vancouver: $1,293,700. The “benchmark” price represents what the Real Estate Board says a “typical” home would go for on the market. If we simply take the arithmetic mean (i.e. the average), the numbers are even more astounding.

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Feb 03

20160203_EOD

Complete And Utter Chaos

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Feb 03

lord-rothschild

Rothschilds Prove that Elite Bankers Rule the World — Establish Billionaire Tax Haven INSIDE America:

‘Let the American people go into their debt-funding schemes and banking systems, and from that hour their boasted independence will be a mere phantom.” – William Pitt, Chancellor of the Exchequer, at the inauguration of the first National Bank in the United States under Alexander Hamilton.

The U.S. is quickly becoming known as the new Switzerland of international banking, due to its refusal to sign onto the new global disclosure standards, issued by the Organization for Economic Co-operation and Development (OECD), a government-funded international policy group. Continue reading »

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Feb 03

Iceland Forgives Entire Population’s Debt – Mainstream US Media Silent:

The video below shows coverage of how Iceland chose a very different way of stopping the crisis of 2008 from the rest of the European countries. The Iceland government made a conscious decision to hear the requests of the population, and to put politicians and bankers on the bench of the accused three years after their financial excesses sank one of the most prosperous economies in 2008. The result was the government of Iceland forgave the mortgage debts for much of its population.  Continue reading »

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Feb 03

“On Tuesday we got the latest evidence that officials across the globe are preparing to institute a cashless “utopia” when Handelsblatt reported (in a piece called “The Death of Cash”) that the Social Democrats – the junior partner in Angela Merkel’s coalition government – have proposed a €5,000 limit on cash transactions and the elimination of the €500 note. Berlin is using a familiar scapegoat to justify the plan: the need to fight “terrorists” and “foreign criminals.””


500 euro note ban

Germany Unveils “Cash Controls” Push: Ban Transactions Over €5,000, €500 Euro Note:

It was just two days ago that Bloomberg implored officials to “bring on a cashless future” in an Op-Ed that calls notes and coins “dirty, dangerous, unwieldy, and expensive.”

You probably never thought of your cash that way, but increasingly, authorities and the powers that be seem determined to lay the groundwork for the abolition of what Bloomberg calls “antiquated” physical money. Continue reading »

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Feb 02

Jan 28, 2016

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Feb 02

Prepare for collapse.


Retail Apocalypse: 2016 Brings Empty Shelves And Store Closings All Across America:

Major retailers in the United States are shutting down hundreds of stores, and shoppers are reporting alarmingly bare shelves in many retail locations that are still open all over the country.  It appears that the retail apocalypse that made so many headlines in 2015 has gone to an entirely new level as we enter 2016.

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Feb 02

Ferrari Posts Record Sales In US

Ferrari Crashes:

Another “no brainer” bites the dust. Ferrari is halted limit down in Milan trading and is crashing in US trading – now down over 40% from its “successful” IPO day highs…

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Feb 02

In Biggest Ever Chinese Corporate Takeover, ChemChina Set To Buy Swiss Syngenta For $43 Billion:

The ink was not yet dry on the seemingly endless Monsanto-Syngenta on again/off again takeover drama, when moments ago in a shocking development the newswires were lit up with news that a new, and very much unexpected, bidder has emerged for the Swiss pesticides giant Syngenta: China National Chemical Corp, or ChemChina as it is known, which according to WSJ and BBG is set to pay $43.7 billion to acquire a piece of Swiss corporate history.

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Feb 02

TPP ‘fundamentally flawed,’ should be resisted – UN human rights expert

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Feb 01

Syrian children found in Turkish garment factories making British high street brands

Syrian children found in Turkish garment factories making British high street brands:

H&M and Next, two of Europe’s biggest garment retailers, have found Syrian refugee children working in their supplier factories in Turkey, according to a report by a company ethics watchdog.

Of the 28 major brands questioned by the Business and Human Rights Resource Centre (BHRCC) about conditions at their supplier factories in Turkey and the potential exploitation of undocumented Syrian children and adults, only H&M and Next confessed to finding children working in the factories.  Continue reading »

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Feb 01

ChinaWrap_0_0

Caught On Tape: Chinese Investors Find Out They Got Fleeced By A $7 Billion Ponzi Scheme:

 

When it comes to all things China, the old adage “go big or go home” certainly applies.

The country’s monumental expansion in the wake of the financial crisis was financed by borrowing on a massive scale, as the country’s debt burden rose from “just” $7 trillion in 2007 to more than $28 trillion today. That’s big.

Last year, at the peak of the country’s equity bubble, margin financing outstanding amounted to 18% of the SHCOMP’s free float market cap. Also big. Continue reading »

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