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Archive for the ‘economics’ Category


The richest 1% now owns more than half of all the world’s household wealth, according to analysts at Credit Suisse. And they say inequality is only going to get worse over the coming years, with millennials having a particularly tough time.

The Swiss bank released its latest Global Wealth Report on Tuesday, together with a statement that contained the immortal phrase, “The outlook for the millionaire segment is more optimistic than for the bottom of the wealth pyramid.”

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By Catherine J. Frompovich

The vaccine industry is under assault from various angles.  It’s only a matter of time before their fraudulent “consensus science” paradigm is exposed and picked apart as false and probably even will be discouraged from being considered as a prophylactic health modality.

One of the indicators of such a developing trajectory is found in the article “Immunity and Impunity: Corruption in the State-Pharma Nexus” published by Paddy Rawlinson, Associate Professor in International Criminology, Human and Development Studies, Western Sydney University, Bankstown Campus, Bankstown NSW, Australia.

Professor Rawlinson’s article is “Open Source.” I’d like to impress how a criminologist apparently views and assesses the deceitful shenanigans of Big Pharma, their research and toxic vaccines.  As most readers probably know, Australia is a ‘hotbed’ of repressive vaccine pseudoscience with deprivation of parental rights regarding informed consent, right to self-determination and mandatory children’s vaccinations.

Rawlinson opens his article stating that he examines “the corruption within the state-corporate nexus as it relates to vaccines and the pharmaindustry; that is the networks of industry, medical and political actors involved in their research, manufacturing, regulation and dissemination.”

Furthermore, he contends “The pharmaceutical industry (pharmaindustry) is no stranger to corruption.”

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The opioid crisis has killed thousands in the United States, and as more than 100 Americans die every day, opium poppy cultivation has hit a record high in Afghanistan in 2017. Coincidentally, President Donald Trump’s troop surge in Afghanistan has essentially been completed, boosting the number of service members on the ground from 11,000 to 14,000, the Pentagon said this week.

We’ve just completed a force flow into Afghanistan,” Marine Lt. Gen. Kenneth McKenzie, the Pentagon’s Joint Staff Director, said at a news conference. “The new number for Afghanistan is now approximately 14,000—might be a little above that, might be a little below that, as we flex according to the mission.”

Coinciding with the completion of the troop surge, the United Nations Office on Drugs and Crime and Afghanistan’s Ministry of Counter Narcotics released a report claiming that the “area under opium poppy cultivation increased by 63% since 2016, reaching a new record high.”

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“Follow the Money”


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By Johnny Liberty

Notorious New York City businessman, and World Trade Center developer Larry Silverstein, scored another post-9/11 windfall this week, after Silverstein properties reached a $95 million dollar settlement in a civil litigation suit against American Airlines and United Continental Holdings.

The settlement, filed Tuesday with the U.S. District Court in Manhattan, comes after 13 years of ‘hard fought’ litigation. In an email to Reuters, Silverstein properties’ spokesman Bud Perrone said,

We are pleased to have finally reached a resolution to this piece of post-9/11 litigation.

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$21 Trillion dollars is missing from the US government. That is $65,000 for every person in America. That is more than our entire national debt!

What’s going on? Where is the money? How could this happen? How much has really gone missing? What would happen if a corporation failed to pass an audit like this? Or a taxpayer?

This means the Fed and their member banks are transacting government money outside the law. So are the corporate contractors that run the payment systems. So are the Wall Street firms who are selling government securities without full disclosure. Would your banks continue to handle your bank account if you behaved like this? Would your investors continue to buy your securities if you behaved like this? Would your accountant be silent?

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Before I delve into the connections I have uncovered, I would first like to say that for me each day is an adventure in understanding the blockchain – constantly uncovering new perspectives, finally wrapping my head around a technological term, or completely changing ideas and beliefs upon discovering new information.

I have come to see Bitcoin not as a currency, but as a form of value and rebellion against the central bankers and their overgrowing lust for power over our lives. Though fiat, just like every other currency, I saw a core energy of entrepreneurs, innovators, and everyday people sick of the same day, every day 9 – 5 monotony that separated Bitcoin from all of the other fear based fiat currencies.

Though I believe the concept of Bitcoin is unstoppable, I no longer believe Bitcoin itself will be the chisel that shatters the wall of centralization.

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Get Your Home Guest-Ready at Walmart.com

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There are two myths which are deeply imprinted in the minds of most US Americans which are extremely dangerous and which can result in a war with Russia.

The first myth is the myth of US military superiority.

The second myth is the myth of US invulnerability.

I believe that it is therefore crucial to debunk these myths before they end up costing us millions of lives and untold suffering.

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Besides the financial and health emergencies declared or in the making, fear is starting to spike. All that’s left is a surge in violence…

Reports have been coming in all week long of the surging problem with homelessness on the West Coast:

In a park in the middle of a leafy, bohemian neighborhood where homes list for close to $1 million, a tractor’s massive claw scooped up the refuse of the homeless – mattresses, tents, wooden frames, a wicker chair, an outdoor propane heater. Workers in masks and steel-shanked boots plucked used needles and mounds of waste from the underbrush.

Just a day before, this corner of Ravenna Park was an illegal home for the down and out, one of 400 such encampments that have popped up in Seattle’s parks, under bridges, on freeway medians and along busy sidewalks. Now, as police and social workers approached, some of the dispossessed scurried away, vanishing into a metropolis that is struggling to cope with an enormous wave of homelessness.

That struggle is not Seattle’s alone. A homeless crisis of unprecedented proportions is rocking the West Coast, and its victims are being left behind by the very things that mark the region’s success: soaring housing costs, rock-bottom vacancy rates and a roaring economy that waits for no one. All along the coast, elected officials are scrambling for solutions.

I’ve got economically zero unemployment in my city, and I’ve got thousands of homeless people that actually are working and just can’t afford housing,” said Seattle City Councilman Mike O’Brien. “There’s nowhere for these folks to move to. Every time we open up a new place, it fills up.”

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By many economic indicators, the world is seeing an unprecedented boom right now. While this may seem like great news in generalized terms, there are some foreboding anomalies developing which foreshadow very difficult times ahead for the vast majority of the world’s people.

People love a great success story, though, and the numbers on the most recent numbers on global wealth, recently published by UBS, show just how good the world’s billionaires are doing right now. Their wealth is increasing at astronomical rates.

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Following last month’s sharply upward revised jobs report, whose initial negative print of -33,000 was since revised to a positive 18K, there was a sharp jump in October jobs, which while failing to meet consensus estimate of a +310K print, was still a solid +261K. But which jobs contributed the most? The answer, not surprising, is that the single biggest contributor was the same job category which was devastated in the previous month.

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Fundamentally speaking, this is one week is perfect for anybody looking to smash the prices of gold & silver. By Wednesday, we will have the closed door FOMC with no press conference.

There will be a statement release at 2:00 p.m. EST:

Interestingly, the CME Group is only showing about a 1% chance of a rate hike:

And every MSM pundit is fully expecting the Fed to “hold” on 100-125 basis points.

But moving out to December is a whole different story:

Again, looking at CME Group’s probability, it seems there is 100% certainty of a rate “hike” in December. Not only that, but 4.3% even think we could be 50 basis points higher than where we are today on the Fed Funds Rate.

Once we get over the Feds ambiguously nothing-burger, we are not out of the clear:

Friday is one of the key times that the cartel likes to smash. This is because it is Non-farm payrolls Friday. It is the day the BLS Job Report is released showing the employment situation for the prior month. The report is released on the first Friday of the month. This Friday, we will see how many jobs were created in October, 2017.

It will be interesting to see what the “statistics” show, because recall that just last week, we learned that the U.S. grew by a smashing 3% last quarter. If the U.S. is “growing”, one would assume that job creation would be impressive. So fundamentally speaking, we must prepare for the nasty storm that is brewing yet again. Though there is the possibility of a “policy error”.

Two reasons being the President is expected to nominate the next Fed Chair and the House is supposed to release the tax plan.

Then of course there is JFK, North Korea, Russiagate, Russiagate the sequel, geo-politics, Catalonia, and a host of other powder kegs just waiting for a spark.

Though when we look at the charts, silver does not look good right now:

Two things immediately stick out on the chart.

The cartel is desperately trying to turn that 50-day and smash it below the 200-day. That would be a “death cross” and a bearish sign. However, if the end goal is to get the specs to sell their longs so the commercials can cover their shots in this paper game, they better be careful with just how low they whack it because physical supply is always at risk.

And they do need to whack it, because secondly, open interest is not budging. See how cyclically, open interest jumps at the bottom of smashings and then slowly fades as the cartel issues unlimited fraudulent paper?

Well, Open interest has not budged since even before the September 8th smashing. This means on of two things. If open interest is not subsiding, it will fall in one of two ways. Most commonly, there has been a massive flush of the specs on downside price suppression. But seeing as how it has been so long since the flush, it is possible that we could be about to witness a short squeeze as the commercials cover their shorts.

If that happens, open interest would not be falling based on a falling price, but it would be falling based on a rising price as the commercial banks would have to “cover”, as in buy back, the futures contracts they sold short (contracts they just sold without actually having).

Obviously the commercials want to buy back their shorts at lower prices, as that is how the profit is made, and while the process is always the same for smashing price and covering the shorts, with all the potential catalysts for price spikes in the flight to safety, the cartel would certainly need to quell some of that open interest so they can issue new naked-short contracts.

Is this the week of an epic short squeeze?

There is no denying the minefield the cartel is currently blindly walking through.

The chart looks the same in gold:

Gold looks about ready to tap that 200-day on the daily. Recall how important that line is. Ever time we have, even on an intra-day basis, fell through the moving average, we have spend some time down below it. For the same reason that we could see a short squeeze in silver, because of the flight to safety, we would see the same squeeze in gold.

The GSR is still straddling 75-76:

Although at over 75, it is still favoring silver, but movement this week could change things, so we’ll be watching the ratio.

Platinum continues to look downright awful:

The open has yet to drop off significantly, but that “death cross” on the chart could take care of that in little time.

Palladium is holding up the best of all the precious metals:

If palladium drops under the 50-day moving average, one could assume that the open interest would drop off.

Now with the American Palladium Eagle, it will be interesting to see how the cartel attempts to paint the chart on the year’s stand-out performer.

Pretty soon consumers will be paying perhaps significantly more for just about everything:

Since we have been looking at the moving averages and open interest in the metals, we can do the same for crude oil, and it paints a bullish picture for the oil bulls.

Open interest is not out of control, and there has been a “golden cross” on the daily where the 50-day broke through the 200-day to the upside.

Copper has been causing all sorts of problems for analysts, all year long:

Crude looks ready to come down to the 50-day moving average and the last time this happened, Dr Copper just rod the average for some time until the next up-leg.

On the dollar index, we pointed out the “head-and-shoulders” pattern on the DXY:

It looks to still be ready to move on up to 96, but the same with gold and silver, there is so much on the fundamental side that could change things on the quick.

Since the yield on the 10-year is in a “wait-and-see” mode, here’s a term over the long haul:

The Fed sure has done a good job of convincing everybody that interest rates are just slowly moving up.

However, we have said before that it doesn’t seem likely that the Fed can just “gradually” normalize interest rates, especially with an economy firing on on all cylinders in a spectacular “recovery”.

And while the VIX was smashed under 10 last week, it looks to be waking up, yet again:

Finally, well, this:

It’s hard to see how it can just keep on charging higher since it has already been “overbought” as indicated by the Relative Strength Index (RSI), but then again, if there is going to be a “melt-up” or a “blow-off-top”, then look for a spike even higher on the RSI.

SilverDoctors.com has been on the leading edge of Gold News and Silver News Since 2011. Each month, more than 250,000 investors visit SilverDoctors.com to gain insights on Precious Metals News as well as to stay up-to-date on World News impacting the metals markets.

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There’s been something happening this month that very few people have noticed.

It’s been lost beneath all the other headline-dominating news, from the Las Vegas shooting to Harvey Weinstein to the Mueller investigation.

But very quietly behind the scenes there’s been an extremely rapid uptick in the US national debt.

In the month of October alone, the US national debt has soared by nearly a quarter of a trillion dollars.

This is pretty astonishing given that October is supposed to be a ‘good’ month for the US Treasury Department. The tax extension deadline means that October is usually quite strong for federal tax receipts.

And it has been– taxpayers have written checks totaling $190 billion to Uncle Sam so far this month.

Yet despite being flush with tax revenue, the US government still managed to pile almost a quarter of a trillion dollars more on top of its already enormous mountain of debt.

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