Authored by Charles Hugh-Smith via OfTwoMinds blog, When “socialist” states have to impose finance-capital extremes that even exceed the financialization of nominally capitalist economies, it gives the lie to their claims of “socialism.” OK, so our collective eyes start glazing over when we see Marx and Orwell in the subject line, but refill your beverage and stay with me on this. We’re going to explore the premise that what’s called “socialism”–yes, Scandinavian-style socialism and its variants–is really nothing more than finance-capital state-cartel elitism that has done a better job of co-opting its debt-serfs than its state-cartel “capitalist” cronies. We have to start with the questionRead More →

Authored by Martin Armstrong via ArmstrongEconomics.com, The dwindling credit of Turkey and significant decline in its currency, has led to the new clever idea of confiscating gold with a smile. The Turkish Central Bank has come up with an idea of how to confiscate private gold while pretending they are helping you earn more money. Their objective is to make the private gold stocks of the citizens available to the financial system for themselves, but how to sell that to the people? The Turkish central bank is launching two new investment opportunities for physical gold, according to reports in the Daily Sabah. They are issuingRead More →

China Bans North Korean Coal! In a show of solidarity with the U.S. against North Korea, China has stopped buying coal from the communist regime after last week’s missile test. Now, they’re importing more coal from the United States. This decision comes after President Trump met with Chinese President Xi Jinping at his Mar-a-Lago resort in Florida last week, where the administration said North Korea’s missile tests would be a top priority in the talks, according to a report in the Washington Examiner. On Tuesday, it was reported that “China’s customs department ordered all companies that receive imports from North Korea to immediately return all coal cargoes,Read More →

Authored by Charles Hugh-Smith via OfTwoMinds blog, Where’s the growth going to come from as the dominant generation makes less, borrows less, spends less, saves more and turns away from long commutes, malls and suburban living and abandons the worship of private vehicles? If anything defined the postwar economy between 1946 and 1999, it was the exodus of the middle class from cities to suburbs and the glorification of what Jim Kunstler calls Happy Motoring: freeways, cars and trucks, ten lanes of private vehicles, the vast majority of which are transporting one person. Ol’ 55 (freeway cars and trucks) (written by Tom Waits, performed byRead More →

Authored by Charles Hugh-Smith via OfTwoMinds blog, Trying to reduce the carefully choreographed drama to one stage and one audience risks misunderstanding the signal. It seems many media observers are confused by events in Syria and the swirl of competing narratives. Did the Swamp drain Trump? Did the Neocons succeed in forcing Trump to follow their lead? Is the U.S. ramping up yet another endless war? Consider the possibility that none of these narratives actually get to the heart of what’s going on. To make sense of all this, we’re going to have to delve into topics far below today’s headlines. I think Ilargi (TheRead More →

Authored by Lance Roberts via RealInvestmentAdvice.com, There is a really big crisis coming. Think about it this way. After 8 years and a 230% stock market advance the pension funds of Dallas, Chicago, and Houston are in severe trouble. But it isn’t just these municipalities that are in trouble, but also most of the public and private pensions that still operate in the country today. Currently, many pension funds, like the one in Houston, are scrambling to slightly lower return rates, issue debt, raise taxes or increase contribution limits to fill some of the gaping holes of underfunded liabilities in their plans. The hope isRead More →

Roger Bate Western regulators have found evidence of it, scholars unearthed empirical support for it, but now even the lead lobbyist for its industry admits it; most Indian medicines are not equivalent to the medicines they copy. People walk past a chemist shop at a market in Mumbai, India, June 24, 2014. REUTERS/Danish Siddiqui. DG Shah, the head of the Indian Pharmaceutical Alliance has written an eye-opening column on the many failings of India’s laws and medicine. As Shah explains, Indian law stipulates that products launched within four years of first approval are required to establish bioequivalence. But after four years, any manufacture can launchRead More →

Once again it appears that Trump was right: the conspiracy theory that a close Obama associate worked to “unmask” the Trump team, resulting in the ongoing media spectacle over “collusion” between Trump and the Kremlin, has been confirmed, first by Mike Cernovich, and now by Bloomberg itself.   As noted last night, Journalist and author Mike Cernovich dropped an exclusive bombshell – naming Obama’s National Security Advisor Susan Rice as the official responsible for the ‘unmasking’ of the incoming Trump team during ‘incidental’ surveillance. This was apparently discovered after the White House Counsel’s office reviewed Rice’s document log requests: The reports Rice requested to see areRead More →

Hillary Plans On Setting A Reporter Straight…. Recently released Huma Abedin State Department emails – acquired by Judicial Watch via FOIA request, reveal Clinton State Department staff planning to summon New York Times reporter David Brooks for an “OTR” (off the record) conversation over a “shot” he took at Hillary in a Feburary 2010 article. This isn’t the first time we’ve learned of the Democrat apparatus wrapping their tentacles around the MSM, and it’s the second time in weeks Judicial Watch has delivered a bombshell. They’re doing good work. In summary; Hillary Clinton – code named “Evergreen,” fired off an email on February 9th, 2010 to advisors Philippe Reines and Jake Sullivan regarding an articleRead More →

by Tyler Durden Apr 1, 2017 7:09 PM The Russian central bank opened its first overseas office in Beijing on March 14, marking a step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system, and to phase-in a gold-backed standard of trade. According to the South China Morning Post the new office was part of agreements made between the two neighbours “to seek stronger economic ties” since the West brought in sanctions against Russia over the Ukraine crisis and the oil-price slump hit the Russian economy. According to Dmitry Skobelkin, the deputy governor of the Central Bank ofRead More →