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Latest News Articles – April 13, 2017

From James Harkin (Webmaster & Editor of LindseyWilliams.net). Here is a summary of articles of interest from around the world for this week. Please LIKE the Lindsey Williams Online Facebook Page to see stories posted daily regarding the current state of the economy around the world.

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Lindsey Williams - Latest News Articles

Latest News From April 7, 2017 to April 13, 2017:

  • The Price Of Gold Spikes As Investors Get Spooked By Talk Of World War III And Nuclear Conflict
    Whenever the world starts going crazy, investors instinctively begin flocking to precious metals.  So it wasn’t exactly a surprise when gold and silver prices started to move upward aggressively as global leaders continued to talk about the possibility of World War III and nuclear conflict.  The price of gold spiked to a five month high on Tuesday, and as I write this article gold is currently sitting at $1277.10 an ounce.  Right now silver is at $18.35 an ounce, and many analysts believe that it is poised for a dramatic jump in the weeks and months to come as global tensions continue to rise.  Google searches for the phrase “going to war” are the highest that they have been at any point in recent years, and many people out there are starting to understand that the U.S. could soon be facing military conflicts in Syria and in North Korea simultaneously.
  • Donald Trump Is NOT Bluffing – So What Happens If Kim Jong-Un Is Not Bluffing Either?
    Donald Trump has repeatedly promised to “solve” the North Korean problem, and the North Koreans have repeatedly promised to use nuclear weapons in response to any attack by the U.S. military.  So what happens if both sides are not bluffing?  For eight years, Americans had become accustomed to Barack Obama making threats and never following through on them, so it surprised a lot of people when Trump actually backed up his words by striking Syria after publicly pledging to do so.  Now Trump has publicly committed to take military action in North Korea, and I am absolutely convinced that he is not bluffing.  But if Kim Jong-Un is not bluffing either, and I don’t think that he is, that means that we are on the verge of what could be a horrifying military conflict with the North Koreans.
  • World Splits Into Two Camps on Syrian Crisis as U.S. Threatens North Korea with Show of Force
    This past week saw the world become a more divided and dangerous place. As the Syrian government of Bashar al-Assad used chemical weapons on his own people killing innocent men, women, and children civilians, the United States launched an over 55 missiles-strong assault on the airbase from where the chemical attack began. The world has since aligned into two sharply divided camps under pro- and anti-Assad forces. Unsurprisingly, the usual suspects of Russia, North Korea, Iran, and Bolivia are against the U.S., while Great Britain, France, Germany, Italy, the European allies, Israel, Canada, Japan, and the Middle Eastern Gulf states are with the U.S. on the issue.
  • How China Is Keeping Its Financial System From Collapsing, In One Chart
    Overnight, Bloomberg has posted the latest article in a long-running series of warnings about the dangers of China's, now $9 trillion – and fast approaching 100% of GDP – shadow banking system, which it says is playing a “game of chicken with investors”, and which boils down to the following: if there is a high profile failure of any one of the countless wealth management product, or WMPs, which comprise the vast majority of China's shadow banking system, and if the government does not bail it out – as it has threatened on several occasions to do – there may be a mass “run on the shadow bank”, resulting in unknown adverse consequences for China's broader financial markets.
  • California Taxpayers Expected To Nearly Double Public Pension Contributions Over Next 5 Years
    The California Policy Center (CPC) has just updated it's annual study on pension contributions required from local California municipalities and, to our complete ‘shock', the conclusions are brutal for Cali taxpayers.  Among other things, the study found that California taxpayers will be forced to double their contributions to CalPERS over just the next 5 years alone from $5.3 billion in 2017/2018 tax year to $9.8 billion in 2022/2023.
  • Are Corporate Pensions About To Start Dumping Their $1 Trillion In Equity Holdings
    Several large public pensions around the country are in serious trouble and, after several years of paying out more in distributions than they take in (which is the textbook definition of a ponzi scheme, btw), many are just one more equity market crash away from completely running out of cash.  In fact, we recently wrote about how Chicago's largest pension fund could run out of cash within 4 years if such a scenario played out (see “How Chicago's Largest Pension May Run Out Of Cash In As Little As 4 Years”).
  • Mac Slavo Warns Prepare For War: “It's Going To Obliterate The Global Financial System…”
    You know what’s so tragic about America? Despite all of the wars our nation gets involved in, we’re secretly one of the most peaceful cultures on the planet. We voted for George Bush, because he promised us a non-interventionist foreign policy. We voted for Obama, because he promised to bring the troops home from Iraq and Afghanistan. We voted for Trump, because he promised to end the nation building policies of his predecessor. And that’s the real tragedy. We’ve been voting for peace for nearly 20 years now, and all we get is war. That should really tell you something. It should tell you that our system doesn’t care about what the president stands for, or what the voters want. The system is never held accountable for anything, so there is nothing stopping it. One way or another, the deep state always gets its way. So if our government wants a war, then you can bet that we’re going to war.
  • Gold Prices Surge Above Key 200 Day Moving Average $1270 Level
    Gold prices surged another 2% to a five-month high above $1,270 amidst geopolitical uncertainty and weak US economic data. The break above the 200-day moving average has cleared the way for a run towards $1,300/oz. It means that gold continues to be one of the best performing assets in 2017 with gains of 10.3% year to date building on the 9% gains in 2016. Gold’s move was a traditional flight to safety following the US’ missile attack on Syria and Trump making aggressive sounds regarding intervention against North Korea including tweets. The weak jobs report also prompted fears that future Fed interest rate hikes could be delayed or slowed and this has provided further support for the price of gold.
  • Toshiba files unaudited results and says future is in doubt
    Toshiba has filed its delayed financial results, warning that the company's survival is at risk. “There are material events and conditions that raise substantial doubt about the company's ability to continue as a going concern,” the company said in a statement. The electronics-to-construction giant reported a loss of 532bn yen (£3.8bn; $4.8bn) for April to December. However, the results have not been approved by the firm's auditors. These latest financial results have already been delayed twice and raise the possibility that Toshiba could be delisted from the Tokyo Stock Exchange. Toshiba's president, Satoshi Tsunakawa, apologised for the problems facing the firm and called the auditor's decision not to approve the financial report as “truly regrettable”. He said he hoped the company would not be delisted.
  • Confusion In Bond World, As Eurodollar Shorts Hit New Record High Over $3 Trillion
    One week after we observed the biggest monthly short squeeze in 10Y TSYs in history, it was a relatively calm week in the longer-end of the Treasury curve. According to the latest CFTC data, spec net shorts in aggregate Treasury futures was little changed from the previous week at 612K contracts in TY equivalents. While, they continued to pare net shorts in TU and TY by 18K and 14K contracts, respectively, they increased their  net shorts in FV and TN by 35K contracts and 6K contracts, respectively. Spec net shorts as share of open interest was unchanged at -5.8% over the week and was at about -2.0 standard deviations away from neutral.
  • War on Cash Puts ECB, EU on Collision Course with Germany
    Relations between Germany, and the ECB have curdled in recent times over a key issue: the role of cash. Germans have a soft spot for physical lucre while the ECB and Europe’s executive branch, the European Commission, have openly expressed their desire to suppress, or even punish, its use. For Germany’s central bank, the Bundesbank, the war on cash is a war on personal freedom and choice, in the name of saving a financial system and its absurd negative interest rates. Last year Bundesbank president Jens Weidmann warned that it would be “disastrous” if people started to believe cash would be abolished — an oblique reference to the risk of negative interest rates and the escalating war on cash triggering a run on cash.
  • Great Debt Unwind: Consumer Bankruptcies Jump, First since 2010. Commercial Bankruptcies Spike
    Commercial bankruptcy filings, from corporations to sole proprietorships, spiked 28% in March from February, the largest month-to-month move in the data series of the American Bankruptcy Institute going back to 2012. They’re up 8% year-over-year. Over the past 24 months, they soared 37%! At 3,658, they’re at the highest level for any March since 2013. Commercial bankruptcy filings skyrocketed during the Financial Crisis and peaked in March 2010 at 9,004. Then they fell sharply until they reached their low point in October 2015. November 2015 was the turning point, when for the first time since March 2010, commercial bankruptcy filings rose year-over-year.
  • Government Shutdown Odds Are Rising, Goldman Warns
    Having been quite confident that Trump would be able to pass some form of Tax reform as recently as two weeks ago, Goldman's Washington analyst, Alec Phillips, is turning increasingly more pessimistic on the prospects that Trump's economic agenda will gain traction in Congress, especially now that attention has seemingly shifted to Trump's bombing policies in Syria (and perhaps North Korea in the not too distant future). In a note over the weekend, the Goldman strategist writes that “following the failure to pass the American Health Care Act (AHCA), which would repeal the Medicaid expansion and tax hikes enacted in the Affordable Care Act (ACA) and reduce the tax subsidies for health insurance under that law, Republican leaders in the House have struggled to develop an alternative health proposal that might find enough support to pass. At this point, it still appears possible that the House could pass a revised version of the bill at some point in May. However, the compromises that might be made in the House to gain support are apt to reduce support in the Senate, and the process in that chamber would take much longer than even the drawn out House process, in our view.”
  • Goldman Downgrades French Bonds Ahead Of Elections
    Roughly at the same time as today's French election narrative shifted again as traders started paying attention to the suddenly surging in the polls far-left candidate Jean-Luc Melenchon, which pushed the Euro to the lowest level in a month, Goldman has come out with a recommendation to short June OAT futures (OATM7) at 147-72, for an initial target of 144.00, and stops on a close above 150.00. In the note, Goldman's Francesco Garzarelli writes that a victory by a moderate reformist presidential candidate (Fillon, Macron), which is the base case at the bank, would result in a narrowing of French bond spreads but may be offset by a selloff in core rates. He writes that the “fair level” of 10-year spread to bunds is in the region of 30bp-40bp, from 70bp currently, according to Goldman.
  • Three More Reasons to Worry about the Euro’s Future
    “Despite uncertainty over Brexit — formally triggered last week by prime minister Theresa May — central bankers from around the world see the UK as a safer prospect for their reserve investments than the Eurozone, a new poll reveals”: The Financial Times. At first whiff, this may smell counter intuitive. After all, it’s the UK that’s supposed to be in the weaker negotiating position over Brexit terms. It also risks losing a sizable chunk of its core industry, finance. Yet according to a survey of reserve managers at 80 central banks, who together are responsible for investments worth almost €6 trillion, the stability of the monetary union is their greatest fear for 2017.
  • Buy, Sell, or Crash? Fed Warns on Stocks and Look what Happens
    The Fed has planted three separate warnings on high stock prices into its March-meeting Minutes, released last week. In the past, the Fed has warned on various occasions on high stock prices, with, let’s say mixed results. Stocks have crashed after warnings, and they have crashed without warnings, and they have soared after warnings. Perhaps the most infamous warning on stock prices was when Fed Chairman Alan Greenspan on December 5, 1996, said in a speech that “irrational exuberance has unduly escalated asset values.” Stocks quaked in their boots for about one breath then soared for another three years and three months before totally crashing.
  • “A Blatant Display of Unscientific Propaganda:” Cornell Student Exposes GMO Propaganda in Scathing New Letter
    My name is Robert, and I am a Cornell University undergraduate student. However, I’m not sure if I want to be one any more. Allow me to explain. Cornell, as an institution, appears to be complicit in a shocking amount of ecologically destructive, academically unethical, and scientifically deceitful behavior. Perhaps the most potent example is Cornell’s deep ties to industrial GMO agriculture, and the affiliated corporations such as Monsanto. I’d like to share how I became aware of this troubling state of affairs.
  • 700 jobs under threat as Jaeger falls into administration
    Fashion chain Jaeger has collapsed into administration, putting 700 high street jobs at risk. The group's directors have appointed AlixPartners to oversee the process following failed attempts by the company's private equity owner, Better Capital, to sell the struggling business. Jaeger – which employs around 680 staff across 46 stores, 63 concessions, its London head office and a logistics centre in Kings Lynn – had been on the market for around £30 million.
  • 40 Different Studies that Confirm GMO Foods are Destroying Your Health
    There has been a debate raging about GMOs for a long time now. On one side of the debate is the idea that genetic engineering is progress for humanity, and it is a natural extension of more traditional breeding techniques. The other side believes genetically modified foods are unsafe for human consumption and harmful to the environment. Biotech companies claim that genetic modification yields more precise control over artificial selection. Studies funded by the industry consistently demonstrate safety, but only over the short term.
  • Trump is Pushing US Into Scripted and Pre-Planned World War III
    Remember before the (s)election when Donald Trump, who was a New York Democrat running as a Republican, was the anti-war candidate? And Killary Clinton, who was a lifelong Democrat, the party that sells itself as the more anti-war party, was the war candidate? And, how Trump’s rhetoric about making friends with Russia and even letting Russia take care of ISIS in Syria led many to believe that the only way to get out of a potential World War III scenario was to vote for Trump? And then how Trump was elected, started saber-rattling with Russia… and China… and North Korea… and then bombed Syria just like Hillary Clinton would have? Yeah, that all happened.
  • John Embry – A Catastrophic Endgame Is Rapidly Approaching
    With continued uncertainty in global markets, today John Embry told King World News that a catastrophic endgame is rapidly approaching. “Eric, in my vacation enforced absence, the pressure on the gold and silver markets has certainly intensified, as the usual suspects move Heaven and Earth to ensure that sharply rising gold and silver prices don’t undermine the fake reality created by the Western central banks and their almost manic manipulation of the larger markets — stocks, bonds, currencies, real estate, etc…
  • Washington’s Deception Is Aimed at Russia
    According to a report on RT, Secretary of State Tillerson has on CBS backed away from his previously reported aggressive rhetoric reported by the presstitutes against Russia and Syria. According to the RT report, Tillerson said that Washington’s plan is to defeat ISIS, not to bring regime change to Syria. It is up to the Syrian people, Tillerson reportedly said, to choose their own president. Tillerson said on CBS that “We’ve seen what violent regime change looks like in Libya and the kind of chaos that can be unleashed and indeed the kind of misery that it enacts on its own people,” he said on CBS. “I think we have to learn the lessons of the past,” he emphasized on ABC, adding, “Any time you go on and have a violent change at the top, it is very difficult to create the conditions for stability longer term.”
  • Honest Pension Returns Equal Mass-Bankruptcy
    Last year the California Public Employees’ Retirement System, otherwise known as Calpers, cut the expected return on the funds it invests for plan beneficiaries from 7.5% to 7%. Seems like a modest change that should have a correspondingly limited impact on all concerned, right? Alas, that’s not how things work in the realm of compound returns, where small initial changes produce hugely different outcomes. In fact, this is a bankruptcy-level event for some California cities.
  • The Debt Crisis Of 2017: Once Their Vacation Ends, Congress Will Have 4 Days To Avoid A Government Shutdown On April 29
    April 2017 could turn out to be one of the most important months in U.S. history that we have seen in a very long time.  On April 6th, Donald Trump attacked Syria on the 100th anniversary of the day that the U.S. officially entered World War I, and now at the end of this month we could be facing an unprecedented political crisis in Washington.  On Friday, members of Congress left town for their two week “Easter vacation”, and they won’t resume work until April 25th.  What this means is that Congress will have precisely four days when they get back to pass a bill to fund government operations or there will be a government shutdown starting on April 29th. Up to this point, there has been very little urgency by either party to move a spending bill forward.  It is almost as if everyone is already resigned to the fact that a government shutdown will happen.  The Democrats will greatly benefit from a government shutdown because they can just blame the entire mess on the Republicans.  But for the GOP, this is essentially the equivalent of political malpractice. To me, there is simply no way that Congress is going to be able to agree on a bill that funds the entire government in just four days.  And it turns out that this upcoming deadline comes exactly on the 100th day of Trump’s presidency…
  • Not Prepared: Will Most Americans Be Absolutely Blindsided By Multiple Wars And A Simultaneous Economic Collapse?
    According to CBS News, an astounding three-fourths of all Americans have to “scramble to cover their living costs” each month.  In other words, most of the country is either living paycheck to paycheck or very close to it.  But instead of tightening their belts and trying to put something away for the very hard times that are coming, most Americans are completely and utterly unprepared for what is ahead because the people that they trust on television keep telling them that everything is going to be okay.  Unfortunately, everything is not going to be “okay”, and when things start falling apart all around us there is going to be a lot of anger directed toward those that have been lulling everyone into a false sense of security.
  • South Korean Paper Reports China Has Deployed 150,000 Troops To North Korea Border
    While the catalyst is unclear, it appears the market dropped as headlines of further sanctions against Russia appeared and reports of China deploying 150,000 troops to its North Korea border. According to Korean news agency Chosun, the “Chinese army has deployed about 150,000 troops to the North Korean border in two groups to prepare for unforeseen circumstances.” The reason: the prospect of “military options”, such as preemptive attacks on North Korea, like the one the United States launched on Syria.
  • First Ever Global Government Crash Coming
    Internet data mining expert Clif High uses what he calls “predictive linguistics” to spot trends and make predictions for future events. In his latest in-depth report, High sees a “huge” calamity coming for humanity.  Clif High explains, “There is all kinds of data for money and lack of money and lack of funding and all kinds of emotions around this.  There are hints in the data that something huge is coming for August and September that is being exposed by the language now.  I think it’s a bond crash or not a bond crash because I don’t know how that works.  It’s not a stock market crash.  The data I am looking at now says the stock market is not meaningful.  We may lose 50 cents on every dollar in the stock market in just a few days, but it’s meaningless.  It won’t make any difference at all to anybody according to what the data is showing me because the real crisis is in the crash of government.”
  • America’s Retailers Are Closing Stores Faster Than Ever
    The battered American retail industry took a few more lumps this week, with stores at both ends of the price spectrum preparing to close their doors. At the bottom, the seemingly ubiquitous Payless Inc. shoe chain filed for bankruptcy and announced plans to shutter hundreds of locations. Ralph Lauren Corp., meanwhile, said it will close its flagship Fifth Avenue Polo store — a symbol of old-fashioned luxury that no longer resonates with today’s shoppers. And the teen-apparel retailer Rue21 Inc. could be the next casualty. The chain, which has about 1,000 stores, is preparing to file for bankruptcy as soon as this month, according to people familiar with the situation. Just a few years ago, it was sold to private equity firm Apax Partners for about a billion dollars. “It’s an industry that’s still in search for answers,” said Noel Hebert, an analyst at Bloomberg Intelligence. “I don’t know how many malls can reinvent themselves.”
  • Creepy IMF Paper Teaches Governments How to Wage War on Cash
    There’s been another shot fired in the “war on cash.” Recently, the International Monetary Fund (IMF) published a working paper offering governments suggestions on how to move toward a cashless society even in the face of strong public opposition. Over the last several years, we’ve seen a steady push to eliminate, or at least limit, the use of cash around the world. In May of 2016, the European Central bank announced it will stop producing and issuing 500-euro notes by the end of 2018. Not long before the EU announcement, a former Obama economic adviser/ex-Treasury secretary floated the idea of eliminating the $100 bill in the US.
  • Larry Lindsey – What The World Is Now Witnessing Is Unprecedented
    On the heels of the U.S. attack on Syria, the man who served three U.S. presidents and was also a governor of the Federal Reserve, told King World News that what we are now witnessing is unprecedented. “When you look at the U.S. economy, Larry, there’s a rot that’s underneath it.  John Williams of Shadowstats keeps track of the real unemployment, and when he quantifies it the way they used to in the 1980s it’s around 23%.  We haven’t really seen it come off of that 23% figure yet.
  • A Loss Of Faith In The American Dream And Why All Roads Lead To China And A New Gold-Backed Monetary System
    On the heels of wild week that included a missile attack against Syria, today one of the top money managers in the world spoke with King World News about a loss of faith in the American dream and why all roads lead to China and a new gold-backed monetary system. “One of the most disquieting reports to come out recently has been that in the U.S. – in contrast to every other developed country – death rates have been rising among middle-aged, largely middle-class whites. At the century’s start, death rates for this demographic were roughly equal in the U.S., France, and Germany. Today death rates in the U.S. are more than 30 percent greater…
  • The U.S. Entered World War I On April 6, 1917 – Did Trump Just Start World War III On April 6, 2017?
    Did World War III begin on April 6th, 2017?  After Donald Trump fired 59 Tomahawk cruise missiles into Syria on Thursday night, millions of Americans were cheering, but the cheering isn’t going to last for long if a new world war erupts.  What is amazing to me is that this happened on the 100th anniversary of the United States entry into World War I.  The U.S. officially entered that war on April 6th, 1917, and now 100 years later to the day Donald Trump has essentially declared war on Syria. If you think using the term “World War III” is alarmist, you might want to tell that to the vast numbers of people that are buzzing about a new world war all over social media.  If you don’t yet understand why a strike on Syria could be so dangerous, go back and read my article from yesterday.  If we continue striking Syria, we could very easily find ourselves in a direct military conflict with Russia, Iran and Hezbollah.
  • Ron Paul: “Zero Chance” Assad Behind Chemical Weapons Attack In Syria; Likely A False Flag
    According to former Congressman Ron Paul, the chemical weapons attack in Khan Sheikhoun that killed 30 children and has led to calls for the Trump administration to intervene in Syria could have been a false flag attack. As Paul Joseph Watson details, pointing out that the prospect of peace in Syria was moving closer before the attack, with ISIS and Al-Qaeda on the run, Paul said the attack made no sense.
  • Why Traders Are Now Selling Insurance To Protect Against Volatility: A “Feedback Loop” Theory
    Over the past several months, one of the proposals floated on this website to explain the strange collapse in volatility at a time when uncertainty has soared, was the so-called “negative convexity” gamma trade, demonstrated best by the Catalyst Funds' Hedged Futures Strategy Fund in mid-February, according to which traders buying vol has led to dealers offsetting these purchases with more than proportional purchases of offsetting underlying assets as a hedge, in the process pushing sending realized – and thus implied – volatility even lower. Today, the WSJ picks up on this idea, and looks at a possible “feedback loop” scenario in which selling of volatility leads to even more selling of volatility, resulting in a market in which the VIX appears oddly disconnected from prevailing nervous sentiment. According to the WSJ's Jon Sindreau, the theory, advanced by several money managers, bankers and analysts, “describes a type of feedback loop in which calm markets make selling insurance against sharp swings in asset prices profitable, which makes the markets more calm, which then makes selling insurance yet more attractive. And on and on.”
  • Gerald Celente Just Released Third Major Trend Forecast For 2017!
    On a day where stocks are rallying and gold is weaker, top trends forecaster Gerald Celente has just released a third major trend forecast for 2017! Who Ever Said 2017 Would Be A Dull Year? “At the Trends Research Institute, we observe three worlds of influence that drive trends up or bring them down: The media world, the political world and the real world. For the vast majority of society, beliefs are established and decisions are influenced by mass-media headline stories and social-media sound bites… both of which are steeped in overtones from the political world and passed off as news you can use. Absent real-world facts and solid numbers – as the Donald Trump stock market rally, which has entered its fifth month, stalls – the 10 percent Standard & Poor’s bounce was pumped up by the business-media world of economic hype and the political world of hope and change you can believe in…
  • Michael Savage Turns on Trump, Says Syrian Gas Attack Was False Flag Operation
    Conservative talk show host, Michael Savage, who fervently supported Trump during the Presidential campaign, soured on him today. Savage, referencing his background in science, having a PhD in epidemiology, said the alleged gas attack in the ISIS controlled city of Idlib was most likely phosgene and not sarin. Backing up his claim that the attack did not contain sarin, Savage made reference to photos showing first-responders attending to bodies without gloves or protective gear. Had sarin been used in the attack, all of those men in white helmets would be dead.
  • IMF De-Cashing: Soft-Selling Financial Enslavement
    The IMF (International Monetary Fund) or as I like to call them – International Mafia Federation – is showing its true colors and proving beyond question this organization is nothing more than street-corner-thugs in high priced suits. With the release of this latest working paper on how to enslave nations, steal the remaining sovereignty of the people and the nations they have drawn up plans to force a cashless society upon all the people within IMF member nations.
  • Uncertainty and the Humility of Forecasting an Unknowable Future
    Certainty and uncertainty come in a variety of flavors. “Certainty” seems rather definite, but lurking beneath certainty is the more scientifically verifiable notion of probability: the probability of outcomes can be high enough to qualify as certain and low enough to qualify as unlikely. We can’t know with perfect certainty that our neighbor hasn’t invented a death-ray and may decide to test it on us due to that simmering feud over his dog Fluffy’s antics on our yard. But we can make an assessment of the probability of this occurring, and conclude the probability is low with a high degree of certainty.
  • The World’s Best Economist
    If you want to learn real economics instead of neoliberal junk economics, read Michael Hudson’s books. What you will learn is that neoliberal economics is an apology for the rentier class and the large banks that have succeeded in financializing the economy, shifting consumer spending power from the purchase of goods and services that drive the real economy to the payment of interest and fees to banks. His latest book is J is for Junk Economics. It is written in the form of a dictionary, but the definitions give you the precise meaning of economic terms, the history of economic concepts, and describe the transformation of economics from classical economics, where the emphasis was on taxing incomes that are not the product of the production of goods and services, to neoliberal economics, which rests on the taxation of labor and production.
  • Social Media Companies Must Be Made Public Utilities to Stop Further Abuse
    Political correctness has become a cancer in Western society. It inhibits the free and open discussion of ideas, making all of us the worse off for it as it slowly erodes our proud culture of free and open speech. And we’re not talking about repressing anything even close to hate speech, unless you think that dressing up in the colors of the American flag is somehow hate speech. And no, that’s not a joke. In today’s information age, free speech has never been more powerful, or threatening to established powers. And because freedom of speech is generally enshrined in Western culture while censorship is frowned upon, they have had to go with other routes to censor information. Their latest ‘non-censorship censorship’ tactic is to simply label it as ‘fake news’. And while that’s been going on for a while, Germany has stepped it up by putting it into law.
  • Ron Paul: “The Neo-Conservatives Won”
    It's “a victory for neo-conservatives” is how Ron Paul described the US strike on Syria, saying that he does not expect peace talks to resume any time soon. Speaking to RT, Ron Paul said that there is no proof of Damascus’ guilt that could trigger such a rash and violent response from the US. “I don't think the evidence is there, at least it hasn’t been presented, and they need a so-called excuse, they worked real hard, our government and their coalition.” This is not the first time something like this has happened in Syria or elsewhere, Paul said, but now it is convenient to pay attention and react immediately.
  • Millions of Google Android Phones Actively Spying On Their Users Privacy
    The question of the recent decades has been how much of our liberty can we and should we give up in the name of security. And while that question continues to persist, the new question of the modern age is how much privacy can we and should we give up in the name of convenience? We have apps that make life infinitely easier and more convenient, but with each app we use we give them some of our personal data. And while most of us think we can control what data each app gets, new research shows we might be gravely mistaken.
  • The Spoils of War: Trump Lavished With Media and Bipartisan Praise For Bombing Syria
    IN EVERY TYPE of government, nothing unites people behind the leader more quickly, reflexively or reliably than war. Donald Trump now sees how true that is, as the same establishment leaders in U.S. politics and media who have spent months denouncing him as a mentally unstable and inept authoritarian and unprecedented threat to democracy are standing and applauding him as he launches bombs at Syrian government targets. Trump, on Thursday night, ordered an attack that the Pentagon said included the launching of 59 Tomahawk missiles which “targeted aircraft, hardened aircraft shelters, petroleum and logistical storage, ammunition supply bunkers, air defense systems, and radars.” The governor of Homs, the Syrian province where the attack occurred, said early this morning that the bombs killed seven civilians and wounded nine.
  • Germany RIP
    Who would have imagined that the once great German nation would be ruled by Washington? It is extraordinary, but that is what has happened. Merkel, Washington’s whore, has agreed to fill up Germany with the refugees from Washington’s 16 years of illegal wars against Muslims in North Africa and the Middle East. These are wars that Merkel’s corrupt government enabled. The German people themselves are not pleased with this result, but their rising voice is being throttled by Merkel legislation ordered by Washington that defines opposition to accommodating Washington’s war refugees as “hate speach.” Washington’s whore and the whore’s subservient German cabinet want to impose fines of $53 million dollars on Facebook, Twitter, and other social media platforms if they permit complaints about Germany being overrun by Muslims. Those who complain, that is, those who use Germany’s guaranteed free speech, are defined as hate criminals or purveyors of fake news.
  • The Imperial War Machine Marches Forward Under Donald Trump
    Given Trump’s statements on Syria this morning, I’m moving from “becoming concerned,” to nearly convinced that Donald Trump will not only expand America’s idiotic, ongoing wars, but at the same time, start some new ones. This chemical attack just happened, how does he know the Assad regime did this? Is it because the same deep state people who have been trying to sabotage him sine day one told him so? Is he that stupid? Does it even make sense considering things were going pretty well for Assad in the conflict before this attack? No, it doesn’t, and many people are starting to ask these questions.
  • Trump Has Surrendered. Will Putin Be The Next To Surrender?
    Washington has reopened the conflict with a Tomahawk missile attack on Syrian Air Force Bases. The Russian/Syrian air defense systems did not prevent the attack. The Washington Establishment has reasserted control. First Flynn and now Bannon. All that are left in the Trump administration are the Zionists and the crazed generals who want war with Russia, China, Iran, Syria, and North Korea. There is no one in the White House to stop them. Kiss good-bye normalized relations with Russia.
  • Quick Look At How The U.S. Attack On Syria Will Really Impact Markets In Coming Days, Plus Today’s Other Big Surprise…
    Here is a quick look at how the U.S. attack on Syria will really impact markets in coming days, plus today’s other big surprise. But first, a look at that jobs report. Here is what Peter Boockvar wrote today as the world awaits the next round of monetary madness:  March payrolls grew by just 98k, almost half the estimate of up 180k and the two prior months were revised down by 38k. Of this, the private sector added just 89k jobs vs the estimate of up 170k. In contrast, the household survey said 472k new jobs were created and because the size of the labor force grew by 145k, the U3 unemployment rate fell to 4.5% from 4.7%, the lowest since May 2007 and is just one tenth from matching the low in the mid 2000’s expansion…
  • #NoWarInSyria: If You Don’t Want World War III In The Middle East You Need To Let Your Voice Be Heard NOW
    We are closer to the start of World War III than we have been in decades.  In part 3 of this series of articles, I discussed the fact that President Trump’s team was preparing a “military response” in Syria and that a “coalition” is being formed to remove Syrian President Bashar al-Assad from power.  Well, as I am writing this article the missiles have started flying.  Cruise missiles from a U.S. Navy vessel in the Mediterranean Sea have hit multiple targets inside Syria, and many fear that what we have just witnessed could be the beginning of a broader conflict. Trump should not have done this, because according to the U.S. Constitution the president needs the approval of Congress to go to war.  Fortunately there are still a few members of Congress that still care about the Constitution and that are bold enough to point out this fact.
  • Putin believes US attack on Syria violates international law – spokesman
    President Putin “regards the strikes as aggression against a sovereign nation,” his spokesman Dmitry Peskov said, noting that the president believes the strikes were carried out “in violation of international law, and also under an invented pretext.”
  • Trump Prepares ‘Military Response’ For Syria As Tillerson Works To Form A ‘Coalition’ To Remove Assad From Power
    It makes me physically ill when I think that the U.S. could be on the verge of starting a disastrous war in the Middle East that will not benefit us in any way, shape or form.  I can’t believe this is happening, and a lot of other people apparently can’t either.  In fact, there were some that heavily criticized me when I suggested that Donald Trump had just committed to taking military action in Syria in part 1 and part 2 of this series of articles.  But less than 24 hours later, the front page of USA Today was running this jarring headline: “Trump team developing military response in Syria”.  It is interesting to note that this came on the 77th day of Trump’s presidency, and on Thursday it was also revealed that the Trump administration is working to put together an international coalition to remove Syrian President Bashar al-Assad from power.
  • Trump Attacks Syria, Spying on Trump Worse than Watergate, Fed Dumping Debt
    The “War Card” has been flipped over as President Trump orders an attack on Syria. The attack came as a response to the chemical weapons attack in Syria allegedly by the Assad regime.  Not everyone is buying the story it was Assad that ordered a gas attack on his own people.  Former Congressman Ron Paul thinks it was a false flag to get the U.S. to make a move against Assad.  Now, the U.S. foreign policy in Syria has gone from destroying ISIS to removing Bashar al-Assad from power in Syria.  Russia will surely weigh in.  Will the Russians stand by and allow Assad to be attacked and removed by the U.S.?
  • Debt Based System Running Out of Steam-Paul Craig Roberts
    Former Assistant Treasury Secretary in the Reagan Administration, Dr. Paul Craig Roberts, sees trouble for the economy. Dr. Roberts explains, “This image of a strong stock market is based essentially on debt, borrowing and debt, money creation and debt.  It’s a false signal that shows prosperity, and it’s not really there. . . . So, during a period of time when there has been no interest income on peoples’ savings in the form of bonds or CDs, there has also been no growth in Social Security income.  So, the elderly, or the largest block of them, are hard pressed.  The young come out of school with student debt and no good jobs.  A large percentage can’t find sufficient employment to support an independent existence.  They can’t possibly pay off the loans.  So, wherever you look, you see a debt based system that’s running out of steam.”
  • Weekly Market Update: Pension Fund Crises Threaten Your Retirement Portfolio and Plans
    Hopefully you are not relying on the various developed nations’ government promises in the form of pension funds for your retirement plans. This shocking true statement is actually a much-needed dose of reality which becomes clear when you examine U.S. government reports (and those of other developed nations as well) signed by the Secretary of the Treasury himself. Consider this serious problem. Practically all significant Western world governments are already bankrupt on paper. The overwhelming majority of them have pitifully unsustainable finances on top of that dilemma. Though the United States sets the negative standard in this regard, it is not only an American problem.
  • Trump Defunds The Agency Responsible For Implementing The Sick Population Control Agenda Of The United Nations
    All over the world, the United Nations Population Fund has been promoting abortion and sterilization as ways to slow down the rate at which the population of the planet is growing.  In some cases, the United Nations Population Fund has actually partnered with countries that have conducted forced abortions and involuntary sterilizations.  In other words, those procedures were being done to women against their will.  The United Nations Population Fund is the tip of the spear when it comes to implementing the UN’s twisted population control agenda, and so Donald Trump should be greatly congratulated for defunding them.
  • In Anticipation Of The Coming American Apocalypse, 2 Lawmakers Plan To Create ‘Christian Survivalist Centers’ In Rural Areas
    A couple of lawmakers from South Carolina want to establish a network of self-sufficient communities in their state in preparation for “societal collapse”.  In the long-term, they hope to “train and equip one million neighborhood leaders” that will be able to establish “a fresh beginning for America” in the aftermath of the great crisis that is coming.  State Representatives Josiah Magnuson and Jonathon Hill are both relatively young, they were both home-schooled, and each of their fathers are pastors.  They are calling their dream the “Virtue Solution Project”, and they are examples of a new breed of American politician that recognizes that the system is failing and that we desperately need to return to the values that this nation was founded upon.
  • Pastor Lindsey Williams introduces Pastor David Bowen – April 6, 2017
    Pastor Lindsey Williams introduces Pastor David Bowen with his regular short weekly video for readers of Pastor Williams' weekly newsletter.

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