Edward Snowden Towers Over His Enemies
The Guardian just ran an interview with Edward Snowden, the former NSA contractor who blew the whistle on perhaps the most extensive secret spying program...
Author : DollarCollapse.com
US GDP Even Worse Than It Looks, Again
As expected, the US revised the most recent quarter’s GDP from barely positive to sharply negative today. But once again the true extent of the...
Political Earthquake in Europe
One of the big stumbling blocks to total global domination by the banks and our quaint tradition of popular elections. Every so often the powers...
Fractional-Reserve Banking: From Goldsmiths To Hedge Funds To…Chaos
From Chapter 15 of The Money Bubble, by James Turk and John Rubino: Banking didn’t start out as a reckless, parasitical plaything of a moneyed...
Deflation Shock Coming? Part 2: Even Here
While the rest of the world is slowing down and in some cases dropping into actual deflation (see here and here, respectively) the US has,...
Even Worse Than It Looks
No US GDP report is complete without an explanation from the Consumer Metrics Institute of how Washington is fooling us. The latest one is even...
Why Housing Has Stalled — And Why Everything Else Will Follow
It’s not easy being a mainstream economist. You spend your life building models that become your professional identity. And when those models fail to describe...
Amazing Story From Japan
Here’s something you don’t see very often: For a day and a half this week, the Japanese government’s benchmark 10-year bonds attracted not a single...
When Earnings Disappoint In A Market Priced For Perfection
After today’s market close there was a flurry of earnings announcements, some of which were way low. Not bad, mind you. In fact they were...