By Frances Horodelski Click Here to Watch the Interview “Who is this cheap interest rate trend benefiting? It’s not the 1 percent, it’s the .01 percent…85 people have more dough than 3.5 billion people…The gap between […]
By The Automatic Earth Arthur Rothstein “Quack doctor, Pittsburgh, Pennsylvania” May 1938 Isn’t it fun to just watch the market numbers roll by from time to time as you go about your day, see Europe markets up […]
by John Rubino So the markets are getting skittish and the media is obsessing about the many things that could go wrong out there. It’s like 2007 all over again, but with one big difference: Back […]
By The Automatic Earth Ben Shahn Quick lunch stand in Plain City, Ohio Aug 1938 Oil producer Russia hikes rates to 10.5% as the ruble continues to plunge, while fellow producer Norway does the opposite, and cuts […]
By Michael Snyder Did you know that 65 percent of all children in the United States live in a home that receives aid from the federal government? We live at a time when child poverty […]
By Michael Snyder This article was originally published by Michael Snyder at the Economic Collapseblog. Editor’s Note: As Michael Snyder notes, JP Morgan Chase, Goldman Sachs, Citibank, Bank of America, Morgan Stanley, and plenty of others have manipulated the […]
by John Rubino Of all the problems with fiat currency, the most basic is that it empowers the dark side of human nature. We’re potentially good but infinitely corruptible, and giving an unlimited monetary printing press […]
By Michael Snyder Are much lower oil prices good news for the U.S. economy? Only if you like collapsing capital expenditures, rising unemployment and a potential financial implosion on Wall Street. Yes, lower gasoline prices are […]
By Michael Snyder There has only been one other time in history when the price of oil has crashed by more than 40 dollars in less than 6 months. The last time this happened was during […]
By Michael Snyder Could rapidly falling oil prices trigger a nightmare scenario for the commodity derivatives market? The big Wall Street banks did not expect plunging home prices to cause a mortgage-backed securities implosion back in […]
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