Monthly Archives: August 2014

It Begins: CFR Proposes that “Central Banks Should Hand Consumers Cash Directly”

… A broad-based tax cut, for example, accommodated by a program of open-market purchases to alleviate any tendency for interest rates to increase, would almost certainly be an effective stimulant to consumption and hence to prices. Even if households decided not to increase consumption but instead re-balanced their portfolios by using their extra cash to Read More

“The Russian Aggression Prevention Act”: A Direct Path to Nuclear War with Russia

By Steven Starr The Russian Aggression Prevention Act”, introduced to Congress by U.S. Senator Bob Corker (R-Tenn.), will set the US on a path towards direct military conflict with Russia in Ukraine. Any US-Russian war is likely to quickly escalate into a nuclear war, since neither the US nor Russia would be willing to admit Read More

“S&P 2000″ Is a Fed Manufactured Mirage – Phony Stock Prices No Substitute for Real Economy

By David Stockman That 4% market correction in July was quick and virtually painless. Not missing a beat after the market briefly tested 1900 then, the dip buyers came roaring back — gunning for the 2000 marker on the S&P 500, confident that longs were not selling and that shorts had long ago been obliterated. Read More

Yellen Speech on Labor Market to be Jackson Hole Highlight – More Useless “Guidance” for the Masses

In the not-too-distant-past, Fed watchers had to divine U.S. central bank strategy from a trickle of information. No longer. And on Friday, there will be a firehose of Fed speakers for the markets to digest. Fed Chairwoman Janet Yellen will give her latest views on the health of the labor market at 10 a.m. Eastern Read More

Widening Wealth Gap: ‘Bottom 20%’ Worse Off Than in 2000 – Situation has been Institutionalized

Census Bureau: Decade of Data Underscores Widening Wealth Gap A report from the Census Bureau is the latest evidence that the rich are getting richer while the poor get poorer. The study released Thursday divided the U.S. into five groups, from wealthiest to poorest. The median net worth of the richest households rose 11 percent Read More

One World, One Bank, One Currency – The Path with One Result

by Addison Wiggin “The government is very good at making things overly complicated for the purpose of obscuring what’s really going on from the public,” observed hedge fund manager Erik Townsend during our interview in May. He was making a point about the 2008 bailouts. The Federal Reserve played a leading role, applying trillions in Read More

Yellen Dashboard Warning Light Glows as Millions Work Part Time – This is Depression

Federal Reserve Chair Janet Yellen has a stubborn warning light blinking on her labor market dashboard: A group of Americans larger than Washington state’s population can find only part-time work. As Yellen heads to this week’s Fed symposium in Jackson Hole, Wyoming, where the focus will be on the labor market, those 7.5 million part-time Read More

Another Crisis of Confidence in the Dollar is Coming – Monetary System Will Never Be the Same

By James Rickards On August 15, 1971, a quiet Sunday evening, President Richard Nixon took to the airwaves, preempting the most popular television show in America, to announce his New Economic Policy. The government was imposing national price controls and a steep surtax on foreign imports and banning the conversion of dollars into gold. The Read More

Big Bang – Sovereign Debt Crisis in Full Swing & Government Bubbles

 by Martin Armstrong The Sovereign Debt Crisis is unfolding on schedule. I have warned at the Philadelphia Conference that half of Germany’s municipalities are on the edge of bankruptcy as was the case with Detroit. Instead of reform, no, government just increases the tax burden upon the people who they see having an endless supply of Read More

ALERT – Market Signals for Dow, Gold & Silver from Expert Richard Russell

At 90 years old and still going strong, the Godfather of newsletter writers, Richard Russell, warned about “the great destroyer,” war, and silver. The 60-year market veteran also discussed major markets, gold, hyperinflation, and what is “dirt cheap” that he believes investors should be buying right now. Russell: “From the 1830s to the 1930s, almost Read More