Government is good at doing three things – running any enterprise into the red, forcibly extracting money from its citizens, and in the case of the military – breaking things and killing people. There is very little that the private sector could not do better than the govt, but we …

As developed (bankrupt) governments take more desperate measures to confiscate money from citizens to maintain their power and perks, real capital for growth will continue to erode, dragging down the economy and incomes.  The resulting decline in tax revenue will prompt the govt to print more money to pay the …

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. …

…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 …

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 …

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 …

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 …

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 …

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 …

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 …