Category Archives: Business / Economics

Business and Economics

By Michael Snyder.   No, the economy is most definitely not “recovering”.  Despite what you may hear from the politicians and from the mainstream media, the truth is that the U.S. economy is in far worse shape than it was … Continue reading

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Epidemic Of Hunger: New Report Says 49 Million Americans Are Dealing With Food Insecurity

By Michael Snyder. If the economy really is “getting better”, then why are nearly 50 million Americans dealing with food insecurity?  In 1854, Henry David Thoreau observed that “the mass of men lead lives of quiet desperation”.  The same could … Continue reading

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Why Inequality Started Soaring in 1971

Going Off the Gold Standard Encouraged a Financialized Economy … Which Caused Inequality to Soar The New York Sun notes that inequality started soaring in 1971 … the same year that Nixon took the U.S. off of the gold standard.  … Continue reading

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Piketty Is Rickety On Government Complicity

Bad Government and Central Bank Policy Are the MAIN CAUSE of Runaway Inequality French economist Thomas Piketty’s book on inequality – Capital in the Twenty-First Century – has gone completely viral. Mainstream economists like Paul Krugman and Joseph Stiglitz endorse … Continue reading

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Fukushima Didn’t Just Suffer 3 Meltdowns … It Also Suffered Melt-THROUGHS and Melt-OUTS

The Nuclear Core Has Finally Been Found … Scattered All Over Japan We reported in May 2011 that authorities knew – within days or weeks – that all 3 active Fukushima nuclear reactors had melted down, but covered up that … Continue reading

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Exactly Like 7 Years Ago? 2014 Is Turning Out To Be Eerily Similar To 2007

By Michael Snyder. The similarities between 2007 and 2014 continue to pile up.  As you are about to see, U.S. home sales fell dramatically throughout 2007 even as the mainstream media, our politicians and Federal Reserve Chairman Ben Bernanke promised … Continue reading

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The REAL Reasons We’re Drifting Towards World War III

War: The Big Picture All of the talk of war in the Ukraine and Syria is confusing … so here’s an executive summary: War is horrible for the economy, and makes the American people poorer The American people are overwhelmingly opposed … Continue reading

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War Makes Us Poor

Image courtesy of Steve Hess Top Economists Say War Is Bad for the Economy Preface: Many Americans – including influential economists and talking heads – still wrongly assume that war is good for the economy. Many congressmen assume that cutting … Continue reading

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For Those Who Work For a Living, the Level of Inequality In The U.S. Is “Probably Higher Than In Any Other Society at Any Time In The Past, Anywhere In The World”

Worst Inequality In History Leads to Dynastic Wealth … And It Will Only Get Worse Unless We Change Policy Inequality in the U.S. is now the highest ever recorded in the country. Inequality in America today is twice as bad … Continue reading

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The Dow Jones Index is the Greatest of All Ponzi Schemes

Beware: The Dow 30’s Performance is Being Manipulated! Guest post by Wim Grommen. Mr. Grommen was a teacher in mathematics and physics for eight years at secondary schools. The last twenty years he trained programmers in Oracle-software. He worked almost … Continue reading

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Why Jesus Was REALLY Killed: Challenging the Money Changers

Modern interpretation of Christ driving the money changers from the temple by Anthony Freda/Daniel Zollinger Why Jesus Was Killed Preface: If you are an atheist and believe that religion is crazy, please remember that some 85% of the American population … Continue reading

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Bankers Love War Because It Creates Massive Profits

War Makes Banks Rich Bankers are often the driving force behind war. After all, the banking system is founded upon the counter-intuitive but indisputable fact that banks create loans first, and then create deposits later. In other words, virtually all … Continue reading

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Insect Population Dwindling in Louisiana Marshlands Four Years After BP Deepwater Horizon

Preface by Washington’s Blog:  The BP oil spill is still decimating all of the Gulf wildilife four years later. By Julie Dermansky. First Published on DeSmogBlog. Louisiana State University entomologist Linda Hooper-Bui has been studying the impact of the BP oil spill … Continue reading

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BP Manager In Charge of Cleaning Up the Gulf Oil Spill – Instead of Actually Cleaning Up – Committed Insider Trading and Sold $1 Million of BP Stock Before the Extent of the Spill Became Public Knowledge

The Head of BP Also Sold Shares After Problems With the Well Were Apparent to Insiders The Securities and Exchange Commission announced today: The Securities and Exchange Commission today charged a former 20-year employee of BP p.l.c. and a senior … Continue reading

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Bankers are Behind the Wars

Image by Terry Robinson All Wars Are Bankers’ Wars Former managing director of Goldman Sachs – and head of the international analytics group at Bear Stearns in London (Nomi Prins) -  notes: Throughout the century that I examined, which began … Continue reading

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Bundy land context: US ‘leaders’ steal land with MERS bankster fraud & War Crimes, hoard CAFR & off-shore trillions

The Bundy land conflict evokes Americans to a local venue to protest crimes of a psychopathic US “leadership” immersed in “Big Lie” crimes centering in war, money, and media (also in ~100 other crucial areas). Perhaps the easiest of these … Continue reading

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“Hands Down” Bush Was Tougher on Corporate America than Obama

Obama Is Even Worse than Bush Matt Taibbi says: “Hands down” Bush was tougher on corporate America than Obama. That is fact, not opinion. Taibbi explains that – as bad as the Bush administration was – they at least prosecuted … Continue reading

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It’s Official: America is an Oligarchy and NOT a Democracy or a Republic

Scientific Study Shows that the U.S. Is an Oligarchy We noted last year: American democracy – once a glorious thing – has devolved into an oligarchy, according to two leading IMF officials, the former Vice President of the Dallas Federal … Continue reading

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Why You’re Paying Too Much In Taxes Today: Because Everyone from the Ultra-Rich to Illegal Immigrants Pay Nothing … Or Get Tax Refunds

Giant Corporations Scam Tax Refunds Economics professor and former Secretary of Labor Robert Reich notes: Many millionaires pay a lower federal tax rate than many middle-class Americans. Some don’t pay any federal taxes at all. *** Some also take advantage of … Continue reading

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To the 34% of American Adults Who Are “Worried a Great Deal” about “Global Warming”

If You REALLY Cared about Climate Change … You Would Stop Promoting Solutions which Do More HARM than Good Preface:  A recent Gallup poll showed that 34% of American adults worried “a great deal” about “global warming”.  This essay is … Continue reading

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Fourth Anniversary of Gulf Oil Spill: Wildlife Is Still Suffering from Toxic Cover Up

BP and the Government Decided to Temporarily Hide the Oil by Sinking It with Toxic Chemicals … The Gulf Ecosystem Is Now Paying the Price As we noted at the time, and on the first (and here), second and third … Continue reading

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Top Economists Explains the Source of Our Economic Struggles

Must-Watch Documentary … Top economists Joe Stiglitz, Simon Johnson, Michael Hudson, Herman Daly – and savvy folks such as Colonel Lawrence Wilkerson, John Perkins, Jillian Tent and Max Keiser – provide one of the hardest-hitting pictures you’ll see anywhere in … Continue reading

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NSA Exploited Heartbleed Bug For YEARS, Leaving Consumers Vulnerable To Attack

NSA: Making Us All Less Safe Top computer and internet experts say that NSA spying breaks the functionality of our computers and of the Internet. It reduces functionality and reduces security by – for example – creating backdoors that malicious … Continue reading

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16 Signs That Most Americans Are NOT PREPARED For The Coming Economic Collapse

By Michael Snyder. Sometimes I think that I sound like a broken record.  I am constantly using phrases such as “get prepared while you still can” and “time is running out”.  In fact, I use them so often that people … Continue reading

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Study Shows Republicans Favor Economic Inequality

A study of the voting records of members of Congress, recently published in the prestigious online scientific journal PLOS One, shows that “Republicans tended to support legislation increasing economic inequality regardless of their social status,” whereas the tendency of congressional … Continue reading

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The Two Opposite Approaches to School-Reform: One Works, The Other Fails; Why Does Obama Push the Failed Approach?

A brilliant scientist and blogger, “Mike the Mad Biologist,” headlined on April 4th, “Once Again: For Real Education Reform, You Can Just Visit Massachusetts,” and he documented that due to Democrat-passed education-reforms that had preceded Mitt Romney (and some of which Gov. Romney … Continue reading

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Why All Nonprofits Should Lose Their Tax-Exemption

Even the “nonprofit” Harvard University, with the world’s largest academic endowment fund, refuses to do its duty to the public and to their own students, and to divest itself from the companies that are destroying our planet — companies that … Continue reading

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Cause & Effect In The Headlines on The Same Day

On April 2nd, two news reports at OpEdNews were coincidentally documenting both the cause and the effect of the aristocracy’s growing control over the United States Government. One story, “First-Ever Political Study of Top 1% Has Found Extreme Conservatism, Intense Political Involvement,” summarized … Continue reading

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First-Ever Political Study of Top 1% Has Found Extreme Conservatism, Intense Political Involvement

A year ago, to little public notice, the academic journal Perspectives on Politics published a landmark study, ”Democracy and the Policy Preferences of Wealthy Americans,” by Benjamin Page, Larry Bartels, and Jason Seawright; which reports that, among the American aristocracy, there exists pervasive … Continue reading

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Banking Union Time Bomb: Eurocrats Authorize Bailouts AND Bail-Ins

“As things stand, the banks are the permanent government of the country, whichever party is in power.” – Lord Skidelsky, House of Lords, UK Parliament, 31 March 2011) On March 20, 2014, European Union officials reached an historic agreement to … Continue reading

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London, Frankfurt, Toronto, Vancouver and San Francisco Battle to Become Western Centers for Chinese Currency Trade

Germany, England, Canada and the U.S. Are All Vying To Become Renminbi Currency Exchanges Germany, England, Canada and the U.S. are all vying to become Western centers for the Yuan trade. Germany Bloomberg reports today: Germany’s Bundesbank and the People’s … Continue reading

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Dow Jones Index Injected With EPO and Growth Hormones Again

Guest post by Wim Grommen. Mr. Grommen was a teacher in mathematics and physics for eight years at secondary schools. The last twenty years he trained programmers in Oracle-software. He worked almost five years as trainer for Oracle and the … Continue reading

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The Golden Era of the 1950s/60s Was an Anomaly, Not the Default Setting

The 1950s/60s were not “normal”–they were a one-off, extraordinary anomaly. If there is one thing that unites trade unionists, Keynesian Cargo Cultists, free-market fans and believers in American exceptionalism, it’s a misty-eyed nostalgia for the Golden Era of the 1950s … Continue reading

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Dear Keynesians: Your Sad Devotion to Your Failed Religion Hasn’t Conjured Up a Recovery–Here’s Why

That any schoolkid could predict eliminating feedback and consequences will lead to a series of disastrously poor choices by speculators and imprudent borrowers doesn’t register with the Keynesian Cargo Cult. The Keynesian Cargo Cult’s ability to print and squander money … Continue reading

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Citi Fails Fed Stress Test … The REAL Story

“Too Big To Fail” … Fails Bloomberg reports that Citigroup has failed the Fed’s new round of stress tests: Citigroup Inc.’s capital plan was among five that failed Federal Reserve stress tests, while Goldman Sachs Group Inc. and Bank of … Continue reading

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Risk Expert: GMOs Could Destroy the Global Ecosystem

Painting by Anthony Freda: www.AnthonyFreda.com. “Black Swan” Author Nassim Nicholas Taleb Demolishes the Claim that GMOs Are Low-Risk Risk analyst Nassim Nicholas Taleb predicted the 2008 financial crisis, by pointing out that commonly-used risk models were wrong.  Distinguished professor of … Continue reading

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How Much Is NSA Spying Costing In Lost Productivity?

Spy Agencies Are Spying On All Of Us, Taking Screenshots of Our Webchats, Creating Vulnerabilities On Our Computers and the Internet, and Intentionally Disrupting Some of Our Functionalities … NSA spying is costing the U.S. tech industry tens of billions … Continue reading

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The Incompetence of the Federal Reserve and Deep State Is Unavoidable

It’s not the managers who are incompetent, it’s the organization itself that is incompetent. I received a number of interesting reader responses to my previous entries on the incompetence of the Federal Reserve and the Deep State: The Federal Reserve: … Continue reading

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THE FOURTEEN YEAR RECESSION

“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and … Continue reading

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We Could Power All 50 States With Wind, Solar and Hydro

It’s a MYTH that We Need Fossil Fuel Or Nuclear The big oil, gas, coal and nuclear companies claim that we need those energy sources in order to power America. Good news: it’s a myth. Mark Diesendorf – Associate Professor … Continue reading

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What’s the Primary Cause of Wealth Inequality? Financialization

Financialization results when leverage and information asymmetry replace innovation and productive investment as the source of wealth creation. Emmanuel Saez and Thomas Piketty are leading lights in the exploration of rising wealth inequality. Both are academic economists who have devoted considerable … Continue reading

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How to Stop the Arctic Ice and Glaciers from Melting … Without Spending a Ton Or Imposing Tyranny

The Real Reason the Arctic and Glaciers Are Melting So Fast You know how dark cars get hotter than light cars?  And dark clothes absorb heat from the sun more than light clothes? The same thing may explain why the … Continue reading

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Forget Russia Dumping U.S. Treasuries … Here’s the REAL Economic Threat

Russia Could Crush the Petrodollar Russia threatened to dump its U.S. treasuries if America imposed sanctions regarding Putin’s action in the Crimea. Zero Hedge argues that Russia has already done so. But veteran investor Jim Sinclair argues that Russia has … Continue reading

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Bank of England Admits that Loans Come FIRST … and Deposits FOLLOW

The Bank of England Corrects a Widespread Myth The above is from a new official video released by the Bank of England. The Bank of England notes in a new article: Broad money is a measure of the total amount … Continue reading

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The DJIA Is A Hoax

The Dow Jones Industrial Average Is a Farce Guest post by Wim Grommen. Mr. Grommen was a teacher in mathematics and physics for eight years at secondary schools. The last twenty years he trained programmers in Oracle-software. He worked almost … Continue reading

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The Five-Year Fantasy Is Ending

Since these monetary/fiscal fixes (i.e. distortions) didn’t address the real issues, all they can possibly do is increase the magnitude of the next collapse. For five long years, we have pursued the fantasy that we could return to “growth” without … Continue reading

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Decentralizing Energy Is KEY to Protecting Against Terrorism, Fascism and Destruction of Our Health, Environment and Economy

Decentralized Energy Helps Prevent Terrorism The U.S. Federal Energy Regulatory Commission (known as “FERC”) – the agency in charge of electricity in the country – just released a major report showing that terrorists could plunge the entire U.S. into darkness … Continue reading

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No, Millions of Americans Have NOT Dropped Out of the Labor Force Just Because They’re Retiring Baby Boomers

Despite the Happy Talk,  Unemployment Is Still High Zero Hedge notes that the number of Americans in the labor force has dropped to 1978 levels: The civilian labor force … dropped from 155.3 million to 154.9 million, which means the … Continue reading

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30,000 Criminal Referrals Led to 1,000+ Felony Convictions In Major Fraud Cases During the S&L Crisis … Not Even a SINGLE Prosecution Today, Even Though the 2008 Crisis Was 70 Times Bigger

Fraud Prosecution Stopped the S&L Crisis … But Government REFUSES to Prosecute Fraud Now The top regulator and prosecutor during the S&L crisis – professor of law and economics, Bill Black – explained at a recent TED talk that 90% … Continue reading

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Inspector General Slams the FBI and Department of Justice for Lying About Its Prosecution of Mortgage Fraud

Government Admits It Is Going Easy On Fraudsters The Inspector General of the Department of Justice just issued a report slamming DOJ’s prosecution of mortgage fraud. Initially, the report found that – despite talking a good game about going after … Continue reading

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Nuclear Power: Their Profits; Our Risks

Nuclear engineer – and former nuclear company senior vice president – Arnie Gundersen – talks about Fukushima: Background here, here, here, here, here and here.

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Nuclear Regulatory Commission Blatantly Covered Up Significance of Fukushima

NBC News Reports On Outrageous Cover Up The U.S. Nuclear Regulatory Commission (NRC) is owned, captured and controlled by the nuclear industry. It uses faulty models which put us all at risk, and pushes propaganda for the nuclear industry. While … Continue reading

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An ECONOMIC Expert – Rather than a NUCLEAR Expert – Briefed Japanese Prime Minister on Condition of Fukushima Reactors As the Disaster Unfolded

Tepco Wouldn’t Even Tell the Truth to the Japanese Leader The Japanese Prime Minister at the time of the Fukushima disaster – Naoto Kan – told Democracy Now: NAOTO KAN: Even at the night of that first day of March … Continue reading

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China Is Crashing … As Predicted

Big Bubble Brutally Bursts … Bringing Bankruptcies, Bond Busts The head of China’s sovereign wealth fund noted in 2009: “both China and America are addressing bubbles by creating more bubbles”. He’s right … Global credit excess is worse than before … Continue reading

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It’s Now Mainstream Economics that Runaway Inequality Hurts the Economy … But Corrupt Government Policy Is Still Pouring Gasoline On the Fire and Dramatically INCREASING Inequality

Who’s Who of Prominent Economists Agree: Inequality Harms Economic Growth A who’s who of prominent liberal and conservative economists in government and academia have now said that runaway inequality harms economic growth, including: Current Fed chair Janet Yellen Former Fed … Continue reading

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The Government Has Engaged In a Series of Nuclear Cover-Ups Ever Since Hiroshima

Government Has Been Covering up Meltdowns of Nuclear Power Plants for 55 Years The entire idea of safe nuclear energy has arguably been a cover for nuclear weapons production … at the expense of our health and the environment. Moreover, … Continue reading

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JPMorgan Chase Engaged in Mortgage Fraud: The Securitization Scheme that Collapsed the Housing Market

By Ellen Brown. In a nearly $13 billion settlement with the US Justice Department in November 2013, JPMorganChase admitted that it, along with every other large US bank, had engaged in mortgage fraud as a routine business practice, sowing the seeds of … Continue reading

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Reddit Passionately Wants to Discuss Censorship … But Moderators Keep Censoring Such a Discussion

Moderators Censor Discussion on Censorship The giant r/Worldnews and r/News Reddits (5 million and 2 million subscribed readers, respectively) still haven’t allowed links to Glenn Greenwald’s report on government control, infiltration, manipulation and warping of online discourse. Our write-up on … Continue reading

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Nuclear Expert: “Half of the Reactors Operating Today In The United States Do Not Meet The NRC’s Fire Protection Regulations … a Third Of The Reactors In The United States Aren’t Protected Against Flooding If An Upstream Dam Were To Fail … Another 27 Reactors Are Not Protected Against Earthquake Hazards”

American Nuclear Plants Are In Danger of Melting Down The risk of a nuclear meltdown in the United States is even greater than it was at Fukushima. Yet the U.S. Nuclear regulatory Commission (NRC) has weakened safety standards for U.S. … Continue reading

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Gold Manipulation Goes Mainstream

Price Fixing – and Central Bank Number-Fudging – Stories Starting to Go Viral Bloomberg reports today: The London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated for a decade … Continue reading

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The Dollar and the Deep State

If we consider the Fed’s policies (tapering, etc.) solely within the narrow confines of the corporatocracy or a strictly financial context, we are in effect touching the foot of the elephant and declaring the creature to be short and roundish. … Continue reading

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The Federal Reserve Is Not “Independent” Or “Apolitical”

The Fed Is Very Political … And Serves the Big Banks and the Powers-That-Be The Federal Reserve likes to pretend that it is “independent” and “apolitical”. The facts are different: The Fed offered to bail out Mexico, if it would … Continue reading

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Bank of England and Federal Reserve Knew About – and Encouraged – Massive Interest Rate Manipulation by Big Banks

Central Banks Go to Great Lengths To Prop Up Insolvent Banks … and Put Lipstick On a Pig We noted in 2012 that bot the Bank of England and Federal Reserve knew about the Libor interest rate rigging scandal by … Continue reading

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Why Banks Are Doomed: Technology and Risk

It’s not just that banks are no longer needed–they pose a needless and potentially catastrophic risk to the nation. To understand why, we need to understand the key characteristics of risk. The entire banking sector is based on two illusions: … Continue reading

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Banks Are Obsolete: The Entire Parasitic Sector Can Be Eliminated

What else can we do with the $1.25 trillion we’ll save by eliminating these obsolete financial middleman parasites? A lot. Technology has leapfrogged the banking sector, rendering it as obsolete as buggy whips. So why are we devoting 9% of … Continue reading

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91% of Republicans – and 93% of Democrats – Think We Have Too Much Inequality

Politicians May Not Care About Inequality, But People Of Both Parties Do A Gallup poll last month found that 54% of all Republicans think we have too much inequality. A recent poll by leading behavioral scientist Dan Ariely of Duke … Continue reading

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How the Credit Card Gravy Train Is Running Over You

By Ellen Brown. The credit card business is now the banking industry’s biggest cash cow, and it’s largely due to lucrative hidden fees.  You pay off your credit card balance every month, thinking you are taking advantage of the “interest-free … Continue reading

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The 1% Have Gotten CHUMP CHANGE Compared to the .1% … Who In Turn Have Gotten PEANUTS Compared to the .01%

Wealth Has Gone to the .01% … Much More Than the 1% Everyone knows that all of the economic growth has gone to the 1%: Wrong! The 1% have gotten chump change compared to the .1% … who, in turn, … Continue reading

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Is the Stock Market Repeating the 1929 Run Up to the Great Depression?

Is History Repeating … Or Throwing a Head-Fake? Chart courtesy of Tom McClellan of the McClellan Market Report (via Mark Hulbert) Hulbert notes that the chart “has been making the rounds on Wall Street.” On the other hand, Martin Armstrong … Continue reading

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Most Facebook “Likes” Are Fake

Janet Tavakoli explains: Derek Muller of Veritasium released a video today demonstrating most “likes” are fakes and ads aren’t reaching target audiences. He kicks off the video with ”Virtual Bagel,” put up by BBC’s tech correspondent Rory Cellan-Jones to illustrate the problem.

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New Book on Economic Inequality Reports that It Peaked in 1910, Right Before WW I

Preface from Washington’s Blog: Runaway inequality is also caused by (1) the Federal Reserve’s quantitative easing (2) the Fed’s attempt to boost stock prices (3) bailouts for the big banks (4) over-financialization of the economy (5) failing to prosecute Wall … Continue reading

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The Fed’s Focus on the “Wealth Effect” Is Idiotic

Fed Policy Has Benefited a Small Handful … But Not the Economy As a Whole We’ve repeatedly noted that the Fed’s main strategy has been to artificially blow bubbles in asset prices. And we’ve repeatedly pointed out that one of … Continue reading

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Bitcoin: Revolutionary Game-Changer Or Trojan Horse?

Bitcoin Is Going Mainstream Reddit, Virgin Galactic, and Overstock.com now accept Bitcoin. So do dating site OKCupid and travel site CheapAir.com. Game giant Zynga is now in the testing phase. Two big Las Vegas hotels accept Bitcoin. Congressman Steve Stockman … Continue reading

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Only Those Making $90,000 Or More Like the Federal Reserve

People Less Well Off Don’t Like What Bernanke Has Done A new poll by Gallup finds that only those making over $90,000 a year like Ben Bernanke’s policies: A majority of Americans living in households with annual incomes of $90,000 … Continue reading

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Why The Keystone Pipeline Will Actually RAISE Gas Prices In the U.S.

Big Oil Is Gaming the System to Raise Domestic U.S. Prices Bloomberg notes: Completion of the entire [Keystone] pipeline would raise prices at the pump in the Midwest and Rocky Mountains 10 to 20 cents a gallon, Verleger, the Colorado consultant, … Continue reading

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1,400 Sue General Electric, Toshiba and Hitachi for Fukushima Disaster

Will the Builders of Unsafe Nuclear Reactors Finally Face Scrutiny? We’ve previously noted that General Electric should be held partially responsible for the Fukushima reactor because General Electric knew that its reactors were unsafe: 5 of the 6 nuclear reactors … Continue reading

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Enough Is Enough: Fraud-ridden Banks Are Not L.A.’s Only Option

Guest post by Ellen Brown. “Epic in scale, unprecedented in world history.” That is how William K. Black, professor of law and economics and former bank fraud investigator, describes the frauds in which JPMorgan Chase (JPM) has now been implicated. … Continue reading

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QE3 “Was The Only Iteration Of Fed Stimulus Which Did Not Increase Inflation Expectations”

QE3 Has Failed Miserably Michael A. Gayed – chief investment strategist and co-portfolio manager at Pension Partners, LLC, and before that portfolio manager for a large international investment group – notes at MarketWatch: I have said this before, and it … Continue reading

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Is a Major Gold Scandal Going Mainstream?

Allegation that Central Banks Have Rehypothecated, Leased or Outright Sold the Gold They Claim to Have Is Gaining Momentum We noted in 2012 that there are serious questions as to whether the Fed and other central banks really have the … Continue reading

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Open Letter from Top U.S. Computer Security Experts Slams NSA Spying As Destroying Security

The NSA Is Making Us All Less Safe An open letter today from a large group of professors – top US computer security and cryptography researchers – slams the damage to ecurity caused by NSA spying: Inserting backdoors, sabotaging standards, … Continue reading

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54% of Republicans Say We’ve Got Too Much Inequality

6 Conservative Reasons – Based Upon Conservative Values – For Making Sure Inequality Doesn’t Spiral Out of Control Even More We’ve noted for years that it’s a myth that conservatives accept runaway inequality. Conservatives are very concerned about the stunning … Continue reading

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Former NRC Commissioner: Trying To Solve Global Warming By Building Nuclear Power Plants Is Like Trying To Solve Global Hunger By Serving Everyone Caviar

And Nuclear Pumps Out a Lot of Carbon Dioxide It is well-documented that nuclear energy is very expensive and bad for the environment. Former U.S. Nuclear Regulatory Commissioner Peter Bradford notes: If asked whether we should increase our reliance on … Continue reading

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The 4 Myths The Nuclear Industry Wants You to Believe

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Top German Regulator: Precious Metal and Currency Manipulation Are WORSE Than Libor

The New Largest Financial Scandal In History … The Libor interest rate scandal was the biggest financial scandal in history: The big banks have conspired for years to rig interest rates … upon which $800 trillion in assets are pegged … Continue reading

Posted in Business / Economics, Politics / World News | 15 Comments

From Austerity to Abundance: Why I Am Running for California Treasurer

Guest post by Ellen Brown. Governor Jerry Brown and his staff are exchanging high-fives over balancing California’s budget, but the people on whose backs it was balanced are not rejoicing. The state’s high-wire act has been called “the ultimate in … Continue reading

Posted in Business / Economics, Politics / World News | 23 Comments

Big Banks Launder Hundreds of Billions of Illegal Drug Cartel Money … But Refuse to Provide Services for Legal Marijuana

Stunning Hypocrisy The big banks have laundered hundreds of billions of dollars for drug cartels. See this, this, this, this, this and this (indeed, drug dealers kept the banking system afloat during the depths of the 2008 financial crisis). The … Continue reading

Posted in Business / Economics, Politics / World News | 52 Comments

What Caused the Crash In the Labor Participation Rate?

Workers May Simply Be Giving Up Zero Hedge notes that the number of Americans in the labor force has dropped to 1978 levels: The civilian labor force … dropped from 155.3 million to 154.9 million, which means the labor participation … Continue reading

Posted in Business / Economics, Politics / World News | 8 Comments

American and British Spy Agencies Have INTENTIONALLY Weakened Security for Many Decades

Making Us All Less Safe In the Process Norway’s largest newspaper (Aftenposten) reports today that British spies pressured the developers of cellphone standards in the 1980s to intentionally weaken the cellphone’s encryption: The British argued that the key length had … Continue reading

Posted in Business / Economics, Politics / World News, Science / Technology | 6 Comments

RBS Pays $600 Million for Manpulating Interest Rates … But Big Banks Are Manipulating EVERY Market to the Tune of Trillions of Dollars

Interest Rates Are Manipulated Bloomberg reports today: Royal Bank of Scotland Group Plc was ordered to pay $50 million by a federal judge in Connecticut over claims that it rigged the London interbank offered rate. RBS Securities Japan Ltd. in … Continue reading

Posted in Business / Economics, Politics / World News | 1 Comment

JP Morgan Pays $2 Billion to Avoid Prosecution for Its Involvement In Madoff Ponzi Scheme

JP Morgan: Ponzi Schemer Bernie Madoff has said all along that JP Morgan knew about – and knowingly profited from – his Ponzi schemes. So JP Morgan has agreed to pay the government $2 billion to avoid investigation and prosecution. … Continue reading

Posted in Business / Economics, Politics / World News | 4 Comments

The Fascist Origin and Essence of Privatization

Preface by Washington’s Blog: We documented in 2009 that fascism and our current crony capitalist economy are indistinguishable. We noted in 2011 that America’s public resources are being raped and pillaged … just like those of small debt-saddled countries like … Continue reading

Posted in Business / Economics, Politics / World News | 18 Comments

Is The NSA Quartering “Digital” Troops Within Our Homes?

Are “Digital” Troops Being Sent Into Our Digital Devices Like British Troops Were Sent Into American Colonists’ Homes? We have extensively documented that the U.S. government is trampling virtually every single Constitutional right set forth in the Bill of Rights. … Continue reading

Posted in Business / Economics, Politics / World News, Science / Technology | 7 Comments

100 Years Is Enough: Time to Make the Fed a Public Utility

  Guest post by Ellen Brown. December 23rd, 2013, marks the 100th anniversary of the Federal Reserve, warranting a review of its performance.  Has it achieved the purposes for which it was designed? The answer depends on whose purposes we … Continue reading

Posted in Business / Economics, Politics / World News | 12 Comments

One World Leader Still Endorses NSA Spying

Former KGB Agent Stands By the NSA All 3 branches of the U.S. government have concluded that the NSA has gone way too far … and that mass surveillance is unnecessary. The U.N. General Assembly agrees. But one government leader … Continue reading

Posted in Business / Economics, Politics / World News | 1 Comment

Mainstream Economists Finally Admit that Runaway Inequality Is Hurting the Economy

But Bad Government Policies Are Making Inequality Worse By the Day AP reported Tuesday: The growing gap between the richest Americans and everyone else isn’t bad just for individuals. It’s hurting the U.S. economy. *** “What you want is a … Continue reading

Posted in Business / Economics, Politics / World News | 5 Comments

Profits Über Alles?

By Gonzalo Lira. Neoliberal economics has been a wonderful driving force for progress and material prosperity—but it cannot be the single ruling principle of our lives, of our government, or of our society. If we allow the profit motive to … Continue reading

Posted in Business / Economics, Politics / World News | 7 Comments

Global Power Project: The Group of Thirty, Architects of Austerity

By Andrew Gavin Marshall. Cross-Posted from Occupy.com. The Group of Thirty, a preeminent think tank that brings together dozens of the world’s most influential policy makers, central bankers, financiers and academics, has been the focus of two recent reports for Occupy.com’s Global Power Project. … Continue reading

Posted in Business / Economics, Politics / World News | 13 Comments

American Dream: R.I.P.

Two Thirds of All Americans Think the American Dream Is Dead We noted in 2010 that the American Dream had moved abroad …  since social mobility between generations is dramatically lower in the U.S. than in many other developed countries. … Continue reading

Posted in Business / Economics, Politics / World News | 17 Comments

Skewed: Income Inequality in America

Source: FinanceDegreeCenter.com Background here, here and here.

Posted in Business / Economics, Politics / World News | 5 Comments

Global Power Project: The Group of Thirty and the “Good Discussion” They’re Still Having

By Andrew Gavin Marshall. Cross-posted from Occupy.com The Group of Thirty (or G-30) describes itself as “a private, nonprofit, international body composed of very senior representatives of the private and public sectors and academia,” which “aims to deepen understanding of international economic … Continue reading

Posted in Business / Economics, Politics / World News | 6 Comments