By Brandon Smith The structure of history is held together by two essential and distinct kinds of links, two moments in time to which no one is immune: moments of epiphany, and moments of catastrophe. Sometimes, […]
by Tyler Durden After seeking doctors, lawyers, and engineers, The Islamic State – expanding on its desire to launch a gold-backed currency – is reported to have opened its first bank in the Iraqi city of Mosul […]
By Mike Whitney “If undercharging for energy products occurs deliberately, it also effects those who introduce these limitations. Problems will arise and grow, worsening the situation not only for Russia but also for our partners.” – […]
by John Rubino Back in December there was a flurry of press around the passage of a banking bill that was 1) reportedly written by Citigroup and 2) put taxpayers on the hook for over-the-counter derivatives, […]
The Complicity of the Public Authorities By Dr. Paul Craig Roberts and Dave Kranzler Note: In this article the times given are Eastern Standard Time. The software that generated the graph uses Mountain Standard Time. Therefore, read the x-axis […]
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 […]
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