Category Filter: News

US, UK, and Canada Have Plan To Allow Banks to Seize Depositor Accounts

By Sean | Published: April 4, 2013

In our last story, we noted how government backed loans in the housing market encourages rising home and rent prices throughout the nation, a transfer of wealth from almost every single American to various establishment organizations. Now we have another example of banks transferring risk to the taxpayer.
The term “Too Big To Fail” should have [...]

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Walmart and Other Retailers See Falling Sales

By Sean | Published: February 17, 2013

Bloomberg has a stunning story out about Walmart’s dropping sales figures. In it, they cite leaked internal emails between company executives where they describe in plain language how bad sales are. The emails are only a few days old. Here are some quotes:
On February 12, Jerry Murray, Walmart’s vice president of finance and logistics, wrote:
“In [...]

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The Prison System Runs Amok, Expands at Frightening Pace

By Sean | Published: September 6, 2012

In the early 1970s, the prison population in the United States was small and was steadily falling relative to the size of the population. Experts imagined that in a few decades, the prison system as we know it could be successfully dismantled, but that began to change after President Nixon began the War on Drugs in 1971, [...]

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The Healthcare Industry is Doomed to Collapse

By Sean | Published: June 27, 2012

Indeed it is and it will take with it any sucker foolish enough to enter the industry. Like the housing bubble and the dot-com boom, its collapse goes against all conventional and establishment thinking, but it’s an easy call to make if you examine the evidence.
At first, the industry looks healthy, robust and likely to [...]

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States Hand Over Tax Refund Management to JP Morgan

By Sean | Published: May 29, 2012

Just weeks before it was revealed JP Morgan Chase lost billions in “hedge” trading and speculation, it was announced that the bank has a new deal with Connecticut, Louisiana and other states to financialize their tax returns.
Instead of residents receiving a tax refund check directly from the government, they will be required to accept payment [...]

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A Gun to Literally Silence Speech

By Sean | Published: May 29, 2012

A report recently published by two Japanese scientists describes the effects of a new invention they call a “speech jammer.” When directed at a person speaking, it confuses the subjects brain, quickly causing him or her to fall silent. In essence, the device literally silences speech. 

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What Experts Say About the JOBS Act

By Sean | Published: April 10, 2012

The Jumpstart Our Business Startups Act or JOBS Act was passed last Thursday to no great fanfair, but we wonder if it may yet go down in history alongside Gramm-Leach-Bliley as a law which helped set the stage for  ’pump and dump‘ bubble schemes and financial fraud. To put it another way, its a bad law, one [...]

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A Whistleblower Extravaganza

By Sean | Published: March 15, 2012

It’s truly amazing how many stories involving whistle-blowers have come out during the last few months of the Obama Administration. First there was Greg Smith’s op-ed in the New York Times condemning the culture of greed that has enveloped Goldman Sachs which has clearly rocked the establishment. Then there was the somewhat questionable anonymous writer [...]

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Our Currency Will Fail, By Chris Martenson

By Sean | Published: February 8, 2012

Chris Martenson is a financial and energy analyst we’ve taken a liking to over the years. His recent commentary on the state of the nation and the inevitable financial crisis is particularly concise.  His condemnations of the status quo and the inability for our political leaders to do anything to prevent or even offset catastrophe [...]

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Denninger: No More Than 2 to 3 Years Till Financial Armageddon

By Sean | Published: January 18, 2012

Karl Denninger has an interesting interview on the coming financial crisis.  Hear the full interview here or hear the edited version below. Also, here is the link to the Simpson/Bowles article from the WSJ that Denninger references.

We also recommend you read our feature on Exponential Debt Expansion.

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