Hillary’s Scary New Cash Tax

Submitted by Brian Hunt via InternationalMan.com, Have you heard of “negative interest rates”? It’s become a phenomenon with economists and the media. There’s a good chance you’ve read an article about it. We’ve covered it many times in the Dispatch. I’m writing to tell you something about negative interest rates you haven’t heard. You certainly won’t hear about it in the mainstream press. What’s coming at you is a historic event. It’s something our grandchildren will hear stories about…much like the Great Depression or the Cold War. What’s coming could send the price of gold much higher in the coming years…and hand gold stock owners 500%+ gains. If you know what’s coming, it could mean the difference between having lots of free cash in retirement or barely getting by. To understand the gravity of this moment, let’s cover one of the most bizarre ideas in the world… negative interest […] Read More

Cities Of Refuge: Why Are People Creating Hundreds Of Places Of Refuge All Over America?

All over the United States, cities of refuge are being created.  Now when I say “cities”, I don’t mean vast areas of land that can hold hundreds of thousands or millions of people.  Rather, I am talking about much smaller places of refuge that can accommodate dozens or hundreds of people.  In a few cases, I know of places of refuge that will be able to take in thousands of people, but that is about as big as they get.  There are individuals all across America that have specifically felt called to build communities where large numbers of people will be able to gather when society totally collapses.  So why is this happening?  Why do so many people feel such an urgency to create cities of refuge that would presumably never be used if we don’t ever see full-blown societal breakdown? In the headline, I claimed that hundreds of […] Read More

America’s Second Revolution

By Sami Jamil Jadallah on February 16, 2016 If The Founding Fathers were alive today, for sure they would call on the nation to revolt and rise not against Great Britain but a against a political and economic system that went awry, far from the idea of what they had in mind. Bernie Sanders is right when he calls for a social, political and economic revolution that will shape the future of the nation for the next hundred years. By the way every country needs some kind of political and economic revolution at least once every hundred years. America’s time is now. While the last 100 years of the nation history saw a major breakthrough in our political and economic systems from women suffrage to Roe vs. Wade, to the Civil Rights Act of 68 to the Great Depression and FDR answer “ the New Deal” with investment in […] Read More

The Economic Crash of 2016 Has Begun

Shoppers in Tokyo The financial crash is already happening and the central banks are visibly panicking, they are now resorting to negative interest rates for the first time! They strongly believe that with this scheme, the middlemen lenders would be forced to lend more to their clients to spur economic growth. Otherwise, they will be charged for parking their money with the central bank. Bank of Japan, in a Surprise, Adopts Negative Interest Rate for the First Time The Japanese government has tried numerous stimulus measures, hoping to increase spending and spur inflation. Yuya Shino/ReutersAs Japan’s economic doldrums have lingered, its leaders have tried a number of tricks over the years, from increasing government spending to flooding the financial system with cash. With the global economy looking increasingly fragile, Japan is now taking a more aggressive step by cutting interest rates below zero on Friday. The policy — which […] Read More

The Facts: Why This Feels Like A Depression For Most People

This analysis was originally published by James Quinn at The Burning Platform. “And the little screaming fact that sounds through all history: repression works only to strengthen and knit the repressed.” – John Steinbeck, The Grapes of Wrath Everyone has seen the pictures of the unemployed waiting in soup lines during the Great Depression. When you try to tell a propaganda believing, willfully ignorant, mainstream media watching, math challenged consumer we are in the midst of a Greater Depression, they act as if you’ve lost your mind. They will immediately bluster about the 5.1% unemployment rate, record corporate profits, and stock market near all-time highs. The cognitive dissonance of these people is only exceeded by their inability to understand basic mathematical concepts. The reason you don’t see huge lines of people waiting in soup lines during this Greater Depression is because the government has figured out how to disguise […] Read More

Monied Interests Run America

Powerful Wall Street headquartered monied interests run America – in league with corrupt federal, state and local officials, waging financial war for profit. Reckless Fed-led central bank policy bears full responsibility for today’s market turbulence. Ordinary people are hurt most – fleeced of income, savings, benefits and futures. Most youths in America today haven’t the same opportunities as inner city kids like this writer growing up. When good public schools prepared students for college. When it was affordable. When many public colleges and universities were tuition-free. When student debt entrapment didn’t exist. When America was the world’s leading industrial economy. When full-time high-pay/good benefits jobs were plentiful. When each generation was financially better off than earlier ones. When wages kept up with inflation. When America’s middle class thrived. When corporations and high-income earners paid their fair share in taxes. Before class war pitted private wealth against popular interests more […] Read More

The Dismal and Hopeful Future

One doesn’t have to be a brilliant social analyst to see that the contemporary world order is doomed, destined to start visibly crumbling within the next decade or two at the latest. The neoliberal system, in fact the corporate capitalist system, is radically unsustainable. It is too unstable, too universally rapacious, too humanly exploitative and environmentally destructive, too demoniacally self-consuming–for capitalism can profit from its self-immolation!–to last much longer. Is it even necessary anymore to argue for these claims? Capitalism means self-sabotage. Its profit-making interest lies in paying wage-earners as little as possible, and ideally in mechanizing and automating them out of existence, for they’re expensive and troublesome with their demands for “rights” and other such nonsense. On the other hand, capitalism needs markets; it needs entities to sell things to, for that’s how it makes profit. Any sort of entity would serve its purposes–alien creatures, super-advanced machines, genetically […] Read More

Nomi Prins: The Clintons & Their Banker Friends

In the coming months, however many hours Clinton spends introducing herself to voters in small-town America, she will spend hundreds more raising money in four-star hotels and multimillion-dollar homes around the nation. The question is: “Can Clinton claim to stand for ‘everyday Americans,’ while hauling in huge sums of cash from the very wealthiest of us?” This much cannot be disputed: Clinton’s connections to the financiers and bankers of this country – and this country’s campaigns – run deep. As Nomi Prins questions, who counts more to such a candidate, the person you met over that chicken burrito bowl or the Citigroup partner you met over crudités and caviar? Via TomDispatch.com, The Clintons and Their Banker Friends The Wall Street Connection (1992 to 2016) [This piece has been adapted and updated by Nomi Prins from chapters 18 and 19 of her book All the Presidents’ Bankers: The Hidden Alliances […] Read More

Pink Slips: 100,000 Jobs Wiped Out Amid Oil Price Collapse: “Spreading Like Cancer”

Low oil prices are good for America according to President Obama. In fact, he has personally taken credit for the savings you’re experiencing. In a normal economy lower prices at the pump would certainly help to spur growth in other sectors. The problem, of course, is that the new normal means that oil companies and banks leveraged heavily as prices rose. They assumed, like real estate speculators ahead of the 2008 crash, that the price of oil could only go in one direction. As we’ve seen in recent months, however, oil speculation is exactly that and despite our dependency on black gold the energy industry is not immune from massive price swings. The consequences will be two-fold and the cracks are already starting to appear. First, according to a new report from Zero Hedge, over 100,000 jobs have been lost globally as a result of lower oil prices and more are […] Read More

The American People Are Utterly Clueless About What Is Going To Happen As We Enter 2015

Submitted by Michael Snyder via The Economic Collapse blog, The American people are feeling really good right about now.  For example, Gallup’s economic confidence index has hit the highest level that we have seen since the last recession.  In addition, nearly half of all Americans believe that 2015 will be a better year than 2014 was, and only about 10 percent believe that it will be a worse year.  And a lot of people are generally feeling quite good about the people that have been leading our nation.  According to Gallup, once again this year Hillary Clinton is the most admired woman in America and Barack Obama is the most admired man in America.  I don’t know what that says about our nation, but it can’t be good.  Unfortunately, when things seem to be going well common sense tends to go out the window.  A couple days ago, the […] Read More

The Most Destructive Generation Ever

Submitted by Raul Ilargi Meijer via The Automatic Earth blog, Dorothea Lange Hoe culture in the South. Poor white, North Carolina July 1936 I’m afraid I got to delve into a particularly unpopular topics once again today. Blame it on Bloomberg. They ran a piece on the Silent Generation (people born between 1928-’45), which finds it self in a ‘sweet spot’ but refuses to spend enough. A funny problem: the by far richest group in the US doesn’t spend, while those who would like to spend, for instance to build a home and a family, are too poor to do it. I know I’m not going to make myself popular with what I have to say about this, but then I’m not running for US President, or Miss Universe for that matter. Besides, people should be careful about taking things personal that are not. My point is that the […] Read More

Re-Authorizing Ex-Im Bank (Or The Easiest Way To Make A 500x Return On Investment)

Submitted by Simon Black via Sovereign Man blog, What’s the easiest way to make a 500x return on investment? You might be inclined to say, “Buy silver” or “invest in a successful startup while it’s still a privately held company.” But if you’re a major Fortune 500 company, you generate a 500x return on investment by buying off politicians. A prime example of this is H.R. 4950: Protecting American Jobs and Exports Act, which aims to reauthorize the US Export-Import Bank for another seven years. First, some background. The little-known Export Import bank in the Land of the Free (Ex-Im Bank) was created during the Great Depression by Presidential executive order under FDR. Few people have ever even heard of this bank, let alone have a clue what it does. Officially, Ex-Im Bank is a banking corporation organized under the laws of the District of Columbia, and its capital […] Read More

“There Is No Honest Pricing Left” – The Epochal Error Of Modern Central Banking

Submitted by David Stockman of Contra Corner blog, David Stockman, Director of the Office of Management and Budget under Reagan, former Congressman, and author of the bestseller The Great Deformation: The Corruption of Capitalism in America, discusses his book, the gold standard, bailouts, and the problems the American economy faces today. Mises Institute: In the book, you oppose Bernanke’s view of the Great Depression, which you point out relies heavily on the views of Milton Friedman. David Stockman: Bernanke has cultivated this idea that he is a brilliant scholar of The Great Depression, but that’s not true at all. What Bernanke did was basically copy Milton Friedman’s misguided and very damaging theory that the Federal Reserve didn’t expand its balance sheet fast enough by massive open market purchases of government debt during the Great Depression. Bernanke therefore claimed that monetary stringency deepened and lengthened the depression, but in fact interest […] Read More