Geopolitical Tensions Are Designed To Distract The Public From Economic Decline

This article by Brandon Smith was originally published at Alt-Market.com. Tracking geopolitical and fiscal developments over the past several years is a bit like watching a slow motion train wreck; you know exactly what the consequences of the events will be, you try to warn people as much as possible, but, ultimately, you cannot reverse the disaster. The disaster has for all intents and purposes already happened. What we are witnessing is the aftermath as a forgone conclusion. This is why whenever someone asks me as an economic and political analyst “when the collapse is going to happen,” I have to shake my head in bewilderment. The “collapse” is here now. It is done. It is a historical fact. It’s just that not many people have the eyes to see it yet, primarily because they are hyper-focused on all the wrong things. For many centuries now, elitists in power […] Read More

Is the Federal Reserve DESTROYING America? | G. Edward Griffin

On December 23rd 1913, Woodrow Wilson signed into effect the Federal Reserve Act. This interview was recorded on the 100th anniversary of the Federal Reserve and is being brought back today as an encore presentation. Author of “The Creature from Jekyll Island: a Second Look at the Federal Reserve,” G. Edward Griffin exposes the Fed’s hidden objective over the past 100 years and why “if America does not abolish the Federal Reserve, the Federal Reserve will abolish America.” IN THIS INTERVIEW: – The Federal Reserve is a parasite to the U.S. economy ►0:54 – The Fed’s hidden objectives over the past 100 years ►6:12 – Fed chairman (now Janet Yellen, not Ben Bernanke) is just an employee, the banks run the show ►13:53 – We don’t need to audit the Fed; we need to abolish it! ►16:46

Eight Points on the Investment Climate and the Dollar

1.  The swing in the pendulum of expectations back toward a mid-year Fed rate hike is one of the key developments that will shape the investment climate.  The data in the week ahead, including the broader measures of the labor market, like the Fed’s new index (Labor Market Activity Index) and JOLTS (Job Opening and Labor Turnover Survey), and core retail sales will strengthen the view.   The rise in US interest rates will lend the dollar support and allow the appreciating trend to continue after a consolidating over the last few weeks.   Equity investors need to adjust to the rise in interest rates.  High dividend payers and utilities are vulnerable.  US companies have expanded overseas more by direct investment than exporting.  That means that while they earn revenues in foreign currencies they also incur local costs.  In addition, many producers price and invoice in dollars.  In any […] Read More

“The Fed Is Heading For Another Catastrophe… Central Banking Has Lost Its Way” Stephen Roach Warns

Authored by Stephen Roach, originally posted At MarketWatch via Project Syndicate, America’s Federal Reserve is headed down a familiar — and highly dangerous — path. Steeped in denial of its past mistakes, the Fed is pursuing the same incremental approach that helped set the stage for the financial crisis of 2008-2009. The consequences could be similarly catastrophic. Consider the December meeting of the Federal Open Market Committee, where discussions of raising the benchmark federal funds rate were couched in adjectives, rather than explicit actions. In line with prior forward guidance that the policy rate would be kept near zero for a “considerable” amount of time after the Fed stopped purchasing long-term assets in October, the FOMC declared that it can now afford to be “patient” in waiting for the right conditions to raise the rate. Add to that Fed Chair Janet Yellen’s declaration that at least a couple more […] Read More

Exorbitant Cost Of Pseudo-Educating America: The Next Two-Trillion Dollar Bubble

Submitted by Ben Tanosborn, At $1.2 trillion student debt, we may only be 60 percent along the way, but rest assured that it won’t take but 3 to 5 years before this spectacular bubble bursts… and it will do so on the economic backs of the poor, and the ghostly – ghastly might be more apropos – remnants of a fast disappearing middle class. Two weeks ago, while doing a final screening of old papers kept for no-apparent good reason, I came across a few notes from a graduate business course which I taught over three decades ago.  An underlined hyphenated-word stood in front of me teasing both my memory and reason for its use: Porno-Economics.  Then, I quickly recalled that my reason for its use had absolutely nothing to do with the economics of porn; and how I explained to my class – mostly graduate engineers with families […] Read More