Economics

So, You Still Think Your House is a Good Investment

Think again!  As Mr. Armstrong highlights, housing as an investment is a scam. It is used like Financial Repression and inflation targeting to reduce your purchasing power, and is just another fraud perpetrated by the govt to transfer your money to them. Just wait until they remove the mortgage deduction. …

Economics
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Obama is Making Choices for Society…

…and they’re not good! Encrypted email service used by Snowden shuts down so as not to be complicit in crimes against the American people. This must read article is just another signpost on the road to serfdom.  The owner of Lavabit.com stated: “I have been forced to make a difficult decision: to …

Economics

BAC, and now JPM – Is Something Afoot?

First it was Bank of America, and now they are finally investigating JP Morgan. Is this all for show to appease the masses, or do politicians really want to drain their campaign coffers to prove the banksters are not to big to jail? … Yea, me neither! Financial expert, Janet …

Economics

If You Need Further Proof (or a quick history lesson)…

Here ya go: If a bank goes belly up, the EU will limit cash withdrawals to 100-200 Euros per day (Google Translate is not the best, but you’ll get it).  This was exactly the bail-in template used in Cyprus, and it will also happen in the U.S. How are you going to …

Economics

Big Banks Are Destroying America (and the World)

The mainstream media has disclosed very little about the frauds at bankster banks over the last four years, but it is starting to show up in major financial websites and blogs. The Wall Street Journal’s “Market Watch” provides a good description of the problems, and embedded in the piece is an excellent summary by Barry Ritholtz …

Economics

Why We Will Collapse & What’s Ahead for Markets

N.Y Gov. Cuomo’s decision to suspend driver’s licenses of tax scofflaws is just another stepping stone on the path to economic collapse and the “big reset” that’s coming due to the exponential growth of govt. Another recent story about the U.S. Govt directing agents to cover up programs used to investigate Americans is in …

Economics

Employment Still Sucks, Stocks Hit New Highs

Nothing new with employment – those participating in the labor force are declining, the unemployment rate dropped because people are dropping out of the labor force, incomes are down, and those that are finding employment are only getting part-time jobs. Stocks reacted by hitting new highs because “investors think” that crappy …

Economics

There Are No Markets, Only Manipulations

Yesterday is was reported that GDP beat estimates. As Mish highlights, the devil is always in the detail – especially with the always predictable “revision game”. The bigger news beyond the fact that the first quarter growth was revised down over 35% to 1.15, is the fact the govt changed the way it …

Economics

It’s Worse Than 1984

XKeyscore, the latest NSA tool revealed by Snowden’s truth-telling, collects ‘nearly everything a user does on the internet’. Do you remember when the Director of National Intelligence, James Clapper, testified under oath that they did not “wittingly” collect data on millions of Americans (jump to 6:40 mark); or when NSA …

Economics

JP Morgan: $7 Billion in Fines, Still No Jail Time

JPM has been caught manipulating energy and aluminum markets, which is just another walk in the park for the “untouchables”. The most notorious of the bankster banks, JP Morgan, has been caught AGAIN violating THE LAW. A list of the frauds, that has resulted in $7 BILLION worth of fines in …