Category Archives: Economic

Recommended Reading: Are We Investing Or Are We Just Dodging Thieves?

Published on OfTwoMinds blog, The individual with complete control of all his assets is the only truly wealthy person in a kleptocracy. Correspondent Jeff W. recently posed a deeply insightful question: are we investing or are we really just trying to dodge thieves? This question slices right through the carefully cultivated illusion of trust and prosperity and plunges straight into the heart of our cartel-state financial system. Here are Jeff’s initial thoughts on the question: “As we try to preserve capital and earn a return on it, are we investing today or are we really just trying to dodge thieves?First of … Continue reading

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Recommended Reading: US Government Will Go Bankrupt

Published on Zero Hedge // visit site Follow ZeroHedge in Real-Time on FinancialJuice This fall, the US government might go the very same way as Detroit and end up filing for chapter-11 help. In other words, it will end up asking itself to bail itself out. Now, isn’t that a neat little trick, a piece of magic we would all like to be able to do? Bailing myself out? Heck, I’d do it even if I weren’t in debt. Wouldn’t you? So, is it possible for the US to go bankrupt? Countries go bankrupt every day around the world, legally declared financially insolvent, totally depleted and … Continue reading

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Recommended Reading: What’s Up with Inflation?

Published on InvestmentWatch // visit site by Charles Hugh-Smith Purchasing power and exposure to real costs are more realistic measures of inflation than the consumer price index. That the official rate of inflation doesn’t reflect reality is easily intuited by anyone paying college tuition and healthcare out of pocket. The debate over the accuracy of the official consumer price index (CPI) and personal consumption expenditures (PCE–the so-called core rate of inflation) has raged for years, with no resolution in sight. The CPI calculates inflation based on the prices of a basket of goods and services that are adjusted by hedonics, i.e. … Continue reading

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Video: John Stossel ~ The Devaluing Dollar

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Video: How Our Monetary System Works And Fails

A short, 9-minute video on what money is, why we have it and how the monetary system works. [youtube width=640 height=360 ]JUFxsZF5E48[/youtube]

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Recent Urban Tensions

Some thoughts on the recent urban tensions that we’ve been experiencing lately. There are many ugly realities that we need to face in order to talk about this. Urban tensions: What is urban tension? In short, this is just another term for racial tensions. I had thought that when we elected a black president, it would have become obvious that the amount of racism in this country has dropped to an all-time low and that it’s really not an issue anymore. Wrong. Much of it is driven by the poor economy. If people were making a good living and there … Continue reading

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Recommended Reading: Share This Chart With Anyone That Believes The U.S. Economy Is Not Going To Crash

Published on The Economic Collapse // visit site Anyone that thinks that the U.S. economy can keep going along like this is absolutely crazy. We are in the terminal phase of an unprecedented debt spiral which has allowed us to live far, far beyond our means for the last several decades. Unfortunately, all debt spirals eventually end, and they usually do so in a very disorderly manner. The chart that you are about to see is one of my favorite economic charts. It compares the growth of U.S. GDP to the growth of total debt in the United States. Yes, U.S. GDP has certainly grown … Continue reading

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Recommended Reading: Goodbye Full-Time Jobs, Hello Part-Time Jobs, R.I.P. Middle Class

Published on The Economic Collapse // visit site A fundamental shift is taking place in the U.S. economy. In fact, this transition is rapidly picking up momentum and is in danger of becoming an avalanche. The percentage of full-time jobs in our economy is steadily declining and the percentage of part-time jobs is steadily increasing. This is not a recent phenomenon, but now there are several factors which are accelerating this trend. One of them is Obamacare. The truth is that Obamacare actually gives business owners incentive to cut hours and turn full-time workers into part-time workers, and according to the Wall Street Journal and … Continue reading

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Getting Ready for the Coming Wild Economic Ride – Part 2

In part one, we just finished talking about reducing your material footprint, so that you start to wean yourself from the “luxury must-haves” that you consume now. This also goes for any vices you have. The sudden withdrawal from nicotine, alcohol and caffeine will change your behavior. The more vices you have, the more difficult you’ll have in coping without them. Start weaning yourself off them now. After the balloon pops on this economic bubble we’re in, common daily items are going to disappear fast, and after that, they’ll be in short supply. Look at any country that has gone … Continue reading

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Getting Ready for the Coming Wild Economic Ride – Part 1

Undoubtedly, you’ve seen the recent shakeup in the news on how the Fed is thinking about tightening up the free money they’ve been handing out to bankers. The purpose of all this printed money, we were told, was to give the economy time to heal itself and thus avoid an economic collapse. Trillions of dollars were given to Wall Streeters and bankers, yet we have little to show for it. The media has long ignored the fact that this injection of money hasn’t accomplished anything but keep friends of the Fed in a constant supply of cash. This is, of … Continue reading

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