BY DAVID STOCKMAN I started in politics in June, 1970 as a legislative assistant on Capitol Hill. That was 46 years ago. In the interim, there have been 23 election cycles, 12 presidential elections. In […]
by Tyler Durden Defined Benefit Pension Plans are, in many cases, a ponzi scheme. Current assets are used to pay current claims in full in spite of insufficient funding to pay future liabilities… classic Ponzi. […]
By Michael Snyder Warren Buffett believes “that bonds are very overvalued“, and a recent survey of fund managers found that 80 percent of them are convinced that bonds have become “badly overvalued“. The most famous […]
by Raúl Ilargi Meijer William Henry Jackson Tunnel 3, Tamasopo Canyon, San Luis Potosi, Mexico 1890 The entire formerly rich world is addicted to debt, and it is not capable of shaking that addiction. Not until the whole […]
by Chris Martenson The new Greek political party, known as Syriza, the Coalition of the Radical Left, has done the unthinkable: they’ve dared to speak the truth. In this case, the truth is perfectly captured […]
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