Dr. Marc Faber: Markets Are Manipulated By Clowns In Central Banks (VIDEO)

I had the good fortune to sit down with Dr. Marc Faber, Economist and Market Forecaster, publisher of GloomBoomDoom Report to discuss the current state of economic affairs from a global perspective. We touched on the failures and criminality that have become U.S. economic policy and how this is impacting the rest of the world. We also discussed how the Eastern world is rapidly taking over every aspect of commerce, finance and economics the world over. The economic situation we find ourselves is very delicate at this time. We have major economies, like the U.S. and Europe, that are either at a standstill or in a full blown recession/depression. It really depends on which set of numbers one uses as a guide. Most of the government statistics are either “massaged” or simply made up to fit the political agenda of the day. With this being the case, on a […] Read More

2015: The Number of Americans Living on Less Than $2 a Day Is Skyrocketing

Research shows 1.5 million households and 3 million children are living in desperate economic conditions. The World Bank and other global institutions use a very specific measure to record global poverty rates. They gather data designed to record the number of people in a country who live on less than $2 a day, and then use the information to make a “poverty headcount ratio”— the percentage of people in a country who live under this standard. In most recent data, Sierra Leone, for example, had a staggering 82.5% of its citizens living in poverty by this count. What is less known is that millions of Americans are living in situations of similar poverty. A new book, $2.00 a Day: Living on Almost Nothing in America, explores the status of Americans who face this extreme level of poverty “Most of us would say we would have trouble understanding how families in a […] Read More

2015: Number Of “Ultra-poor” Americans Has Doubled Since 1996

If you’ve been paying attention to the economy for the past seven years or so, you’ve probably been wondering when the whole charade is going to come crashing down. When will all of those inflated markets and debts reach their apex, and start crumbling under the weight of economic reality, and leave us all destitute? There have been plenty of predictions, but none have truly come to fruition. Well the truth of the matter is that there may not be a single day when everything grinds to a halt, and there’s plenty of evidence to suggest that our standard of living is crumbling in slow motion. For many Americans the end has already arrived, and their ranks are growing a little more every day. In fact, the number of Americans that are earning what amounts to a third world wage, has doubled over the past 20 years. The number […] Read More

US to slap Chinese ‘cyber-plunderers’ with economic sanctions

The US is to impose economic sanctions against Chinese companies and individuals they believe to have profited from cyber espionage against America, reports the Washington Post. The sanctions may come shortly after China’s President Xi Jinping’s visit next month. The sanctions are reportedly being prepared under an authority issued by President Barack Obama in an April executive order that allows asset freeze and block of trade interactions with perpetrators of cyber espionage. “It sends a signal to Beijing that the administration is going to start fighting back on economic espionage, and it sends a signal to the private sector that we’re on your team. It tells China, enough is enough,” a US government official told the newspaper. The US Department of State has neither confirmed nor denied that the sanctions are being planned. “I can’t say anything about the sanctions,” State Department spokesman Mark Toner said, adding that “the […] Read More

2015: Will the Fed Hesitate? “Everything is Too Vulnerable” for Rate Change, Says Ron Paul

The system is teetering on edge, and nearly everyone in the financial sector is waiting for one decision – will the Fed finally raise rates? Ron Paul has made a bold prediction that the Federal Reserve likely will NOT raise interest rates, something which would have enormous consequences in the market, because it is hesitant to do so with so many negative risk factors the market already faces. Fed Chair Janet Yellen – and most in the financial sector – know how much is impinging upon the possible decision to raise rates after years and years of quantitative easing have pushed the limits of stimulating the economy. According to CNBC: By Paul’s reasoning, the Fed is too scared to raise interest rates in the middle of an already weak recovery and risk sending the U.S. economy back into recession, or worse… The Fed chief “does not want to be […] Read More

2015: “Enduring Appeal of Cold, Hard Cash”: Facing Crisis, Demand for Physical, Not Digital, Money

The cashless control grid may still becoming, but it is not going to replace cash anytime soon. Though millions of people have started using digital devices to pay for goods and services, the appeal of physical cash is soaring, not fading away. Outlook for currency production shows an astounding 5 percent increase per year for the foreseeable future in the printing of banknotes for currencies across the globe. That’s because, in pure and simple terms, people are demanding cash in times of crisis, and there is plenty of crisis ahead. Greece is the perfect example of what may be coming to your neck of the woods – perhaps even when you least expect it. According to FT: One reason for the enduring appeal of cold, hard cash is the global economic downturn. Giesecke & Devrient expects banknote production to rise by 5 per cent a year for the “foreseeable […] Read More

6 Creative New Techniques Republicans Have Developed for Torturing the Poor

Republican-controlled states are sharpening their fight against the poor, and then paralyzing their attempts to fight back. In the 1960s, the Lyndon Johnson administration launched an official War on Poverty. Needless to say, poverty has emerged victorious. The noble and necessary aim of poverty reduction might have helped millions of people create lives of decency and dignity, and it might have helped America assimilate into the developed world as a fiscally responsible and morally honorable nation. But since they fail to narrow the profit margin of the corporate class running America’s political system, poverty reduction programs are basically doomed. As poverty worsens and spreads, with 25 million Americans constituting the working poor, poverty relief programs face elimination from austerity policymakers on the state and federal levels. In the absence of any war on poverty, America has demonstrated dedication and determination in its war on the poor. In a cruel […] Read More

2015: $1.5 Quadrillion Time Bomb

When investing becomes gambling, bad endings follow. The next credit crunch could make 2008-09 look mild by comparison. Bank of International Settlements(BIS) data show around $700 trillion in global derivatives. Along with credit default swaps and other exotic instruments, the total notional derivatives value is about $1.5 quadrillion – about 20% more than in 2008, beyond what anyone can conceive, let alone control if unexpected turmoil strikes. The late Bob Chapman predicted it. So does Paul Craig Roberts. It could “destroy Western civilization,” he believes. Financial deregulation turned Wall Street into a casino with no rules except unrestrained making money. Catastrophic failure awaits. It’s just a matter of time. Ellen Brown calls the “derivatives casino…a last-ditch attempt to prop up a private pyramid scheme” – slowly crumbling under its own weight. For years, Warren Buffett called derivatives “financial time bombs” – for economies and ordinary people. Unless collateralized or […] Read More

Ron Paul: “All Wars Paid For Through Debasing the Currency”

And at some point, all empires crumble on their own excess, stretched to the breaking point by over-extending a military industrial complex with sophisticated equipment, hundreds of bases in as many countries, and never-ending wars that wrack up mind boggling levels of debt. This cost has been magnified by the relationship it shares with the money system, who have common owners and shareholders behind the scenes. As the hidden costs of war and the enormity of the black budget swell to record levels, the true total of its price comes in the form of the distortion it has caused in other dimensions of life; the numbers have been so thoroughly fudged for so long now, as Wall Street banks offset laundering activities and indulge in derivatives and quasi-official market rigging, the Federal Reserve policy holds the noble lie together. Ron Paul told RT: Seen from the proper angle, the […] Read More