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Austrian Economics: Understand Economics, Understand the World
The Century of the Self: The Untold History of Controlling the Masses Through the Manipulation of Unconscious Desires
The Disappearing Male: From Virility to Sterility

The Obama Deception: The Mask Comes Off
Operation Gladio: The Hidden History of U.S. Sponsored False Flag Terrorism in EuropeThe New American Century: The Untold History of The Project for the New American Century
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Category: Economy - Browse by Category - News - Analysis - Highlights - Multimedia - Latest Comments Saturday July 4th, 2015

Friday July 3rd, 2015
What’s Driving Bolivia’s Booming Economy posted 07/03/2015, 8:11 AM (Mises Institute)
[Category: Economy]
To the surprise of many, Bolivia is now Latin America’s fastest growing economy. At a 5 percent growth rate it now outstrips once dominant but now stagnating regional competitors like Brazil and Peru. Furthermore Bolivia boasts some very impressive macrofundametals: its level of international reserves are the highest in all of Latin America, it has slashed its government debt, and its inflation rate stands at a respectable 5 percent. This accompanies a 307 percent increase in average income and ... (more)


Thursday July 2nd, 2015

Chicago Institutes New "Amusement Tax" On Netflix, Streaming Services posted 07/02/2015, 7:07 PM (InformationLiberation)
[Category: Economy]
Chicago has just expanded their 20-year-old "amusement tax" law -- yes they have a tax on amusement -- to apply to streaming services like Netflix and Spotify, but according to the mayor's spokeswoman, this expansion of the law is not an expansion of the law, it's just a clarification of the law in the name of "fairness."

From the Chicago Tribune:
Chicagoans who pay to stream movies and music from services like Netflix and Spotify will now need to fork over... (more)




Record 93.6 Million People Not in American Labor Force, Highest Since 1977 posted 07/02/2015, 7:07 PM (The Daily Sheeple)
[Category: Economy]
While the White House again is smiling through its teeth and claiming, “the strongest two-year job growth since 2000,” a record-setting 93,626,000 Americans did not even participate in the nation's labor force at all in June 2015.

That means that 93.6 million Americans age 16 or older who were not in the military or institutionalized did not hold down a job and didn’t try to find one
... (more)


Wednesday July 1st, 2015

Barack Obama Promises That Events In Greece And Puerto Rico Will Not Cause A Global Financial Crisis posted 07/01/2015, 8:38 AM (The American Dream)
[Category: Economy]
Barack Obama says that we shouldn’t be alarmed by what is happening over in Greece.  On Tuesday, he told reporters that this “is an issue primarily of concern to Europe” and that “I think the markets have properly factored in the risks involved“.  And apparently Obama is not too concerned abou... (more)


Economic Stagnation and the Global Bubble posted 07/01/2015, 8:38 AM (David Stockman)
[Category: Economy]
You’d think with all the “stimulus” from Washington over the fifteen years since the dotcom bust, American capitalism would be booming. It’s not. On the measures which count when it comes to sustainable growth and real wealth creation, the trends are slipping backwards — not leaping higher.

After a look at new jobs data in April, we find the number of breadwinner jobs in the US economy is still two million below where it was when Bill Clinton still had his hands on matters in the
... (more)


Monday June 29th, 2015



Oregon Legalizes Pot this Week -- But Thanks to the Liquor Control Commission, You Can't Buy It posted 06/29/2015, 2:44 PM (The Free Thought Project)
[Category: Economy]
Oregon — While marijuana legalization activists are cheering on the states end to pot prohibition this Wednesday, the way the law is set up has many shaking their heads.

Thanks to the 56 percent of Oregon residents voting in favor of Measure 91 last November, come this Wednesday, all residents 21 and older will legally be allowed to possess and use recreational reefer. There is, however, a catch, no one can sell it or buy it.

If Oregonians want to partake in the pot
... (more)


Sunday June 28th, 2015

Greek Banks And Stock Exchange In Shutdown posted 06/28/2015, 10:27 PM (SKY News)
[Category: Economy]
Banks in Greece and the country's stock exchange will be shut all week in a sign of the deepening financial crisis.

The drastic move comes after people rushed to withdraw their cash amid panic ahead of the referendum on bailout terms.

Under the controls, there will be a daily €60 limit on withdrawals from cash machines, which will reopen on Tuesday.

The euro fell sharply against the dollar in amid investor jitters of a Greek debt default and exit from
... (more)


Thursday June 25th, 2015

Greece Illustrates 150 Years of Socialist Failure in Europe posted 06/25/2015, 3:51 AM (Mises Canada)
[Category: Economy]
Greece cannot pay its debts…ever. Nor can several other members of the European Union. That’s why Europe’s elite are loath to place Greece in default. If Greece is allowed to abrogate its debts, why should any of the other debtor members of the EU pay up? The financial consequences of massive default by most of the EU members is hard to predict, but it won’t be pretty. Europe has built a financial house of cards, and the slightest loss of confidence will bring it crashing down.

Th
... (more)


VIDEO: Americans Refuse to Purchase 10 oz Silver Bar Worth $160 for 10 Bucks posted 06/25/2015, 3:51 AM (Infowars)
[Category: Economy]


Prankster Mark Dice’s latest video proves that Americans have absolutely no idea about the value of precious metals. Asked if they would like to purchase a 10oz silver bar worth $160 for just ten bucks, every single one refused.

What makes the footage even more jaw-dropping is that Dice was stood feet away from a coin shop, where anyone could have immediately walked in and excha
... (more)


Tuesday June 23rd, 2015

Courts Rule That Disabled Woman Living Below the Poverty Line Must Repay Student Loans posted 06/23/2015, 1:12 AM (Bloomberg)
[Category: Economy]
Monica Stitt, a 45-year-old woman, is unemployed, disabled, and living far below the poverty line. Still, a federal district judge decided in June that she could not cancel more than $37,000 in student debt in bankruptcy, because she hadn’t made a good-faith attempt at repaying the loans.

Her entire income—about $10,000 per year, according to the judge—consisted of Social Security disability benefits and public assistance. She has been unemployed since 2008.

Stitt
... (more)
The compassion of the state.


Monday June 22nd, 2015



The 'Recycling' Scam Falls Apart posted 06/22/2015, 5:04 AM (InformationLiberation)
[Category: Economy]
Since it's inception, recycling has always been a scam. With the exception of aluminum, all recycled products require more energy to be "recycled" than to be made fresh. Nonetheless, governments and environmentalists have profited off such schemes as recycling plants serve as both a handout to politically connected corporations and a jobs scheme for opportunist politicians. The scam is finally now coming to an end as the economic reality is setting in.
... (more)


Which Countries Prefer Capitalism? posted 06/22/2015, 5:02 AM (The Beacon)
[Category: Economy]
A survey conducted by the Pew Research Center gauges the opinion among citizens of various countries of the free market. They were asked if they agreed that under such a system the majority is better off even though some are rich and some are poor. The results invite interesting conclusions.

People in emerging countries have more faith in the market than those in developed societies. Among the latter, between
... (more)


Friday June 19th, 2015

DC's First Cat Cafe Opens Tomorrow (No Thanks to Regulators) posted 06/19/2015, 4:47 PM (Reason)
[Category: Economy]


Even though Kanchan Singh is a born optimist, there were moments when she thought her dream of starting Washington, DC's first cat cafe would never get its paws off the ground.

Singh, 24, got the idea for her first business venture while backpacking in Thailand. Walking among the temples and medieval city walls in the city of Chiang Mai, Singh stepped into Catmosphere, a wildly p
... (more)


Carl Icahn: Donald Trump Is Completely Correct That "We Are In A Bubble Like You've Never Seen Before" posted 06/19/2015, 4:46 PM (ZeroHedge)
[Category: Economy]
Yesterday during an interview on MSNBC, presidential candidate Donald Trump said he has some big names in mind for the Treasury secretary if he wins the White House. "I'd like guys like Jack Welch. I like guys like Henry Kravis. I'd love to bring my friend Carl Icahn." He also opined on the economy and the stock market, admitting that the Fed has benefited people like him but that the economy and is in a "big fat economic and financial bubble like you've never seen before."... (more)


Wednesday June 17th, 2015

California Says Uber Driver Is Employee, Not a Contractor posted 06/17/2015, 2:00 PM (The New York Times)
[Category: Economy]
In what could prove to be a ruling with serious implications for the on-demand economy, the California Labor Commission has ruled that an Uber driver should be classified as an employee, not an independent contractor.

The ruling, made in March, came to light after Uber filed an appeal Tuesday evening. The ruling ordered the company to reimburse Barbara Ann Berwick, a former Uber driver, $4,152.20 in expenses and other costs for the period when Ms. Berwick worked as a driver.
... (more)


Tuesday June 16th, 2015

Pay Low-Income Families More to Boost Economic Growth, Says IMF posted 06/16/2015, 2:21 PM (The Guardian)
[Category: Economy]
The idea that increased income inequality makes economies more dynamic has been rejected by an International Monetary Fund study, which shows the widening income gap between rich and poor is bad for growth.

A report by five IMF economists dismissed “trickle-down” economics, and said that if governments wanted to increase the pace of growth they should concentrate on helping the poorest 20% of citizens.
... (more)


Gold and Economic Inequality posted 06/16/2015, 2:20 PM (Mises Institute)
[Category: Economy]
Inequality is a top news items for 2015 driven largely by the Baltimore riots, the minimum wage debate, Thomas Piketty’s book Capital in the Twenty-First Century, and now the entry of socialist Bernie Sanders into the race for US president.

The Left wants more welfare, better schools, free college, enhanced job training, and more. The Right, in contrast, wants welfare reform, charter schools, tax reform — not to be confused with tax cuts — and use of the negative income tax.
... (more)


Monday June 15th, 2015

The Miracle of Air-Conditioning posted 06/15/2015, 1:15 PM (Cato @ Liberty)
[Category: Economy]
With the temperature in Washington, D.C. in the mid-90s, it is perhaps worthwhile to recall what life was like before the arrival of air-conditioning. Below are a few excerpts from a New Yorker essay about air conditioning penned by the great Arthur Miller in 1998:
Exactly what year it was I can no longer recall--probably 1927 or '28--there was an extraordinarily hot September, w... (more)


Friday June 12th, 2015

How Obama Will Centrally-Plan Your Neighborhood: Here Comes The "Affirmatively Furthering Fair Housing" Rule posted 06/12/2015, 11:59 AM (ZeroHedge)
[Category: Economy]
Because centrally-planning the market and the double seasonally-adjusted economy was not enough, the Obama administration is now set to create a wealth-adjusted community utopia. According to The Hill, the administration is moving forward with regulations designed to help diversify America’s wealthier neighborhoods, such as building affordable housing in more affluent areas. ... (more)


Marc Faber: Forget a Fed Rate Hike; QE4 Coming posted 06/12/2015, 11:57 AM (CNBC)
[Category: Economy]
While some U.S. economic data suggest the economy is ready for normalizing monetary policy, Marc Faber said Thursday the Fed will have to unleash another round of quantitative easing.

"When I look at the whole financial sector … I feel like [I'm] on the Titanic. We're fighting about deck chairs, [meaning] which assets are performing best and we're fighting over the best tables in the ballroom, but I think it's best to find your safety boat and ladder because I think the financial
... (more)


Thursday June 11th, 2015

Let's Hope Machines Take Our Jobs: We Want Wealth, Not Jobs posted 06/11/2015, 11:43 AM (Mises Institute)
[Category: Economy]
The job-threatening rise of the machines is an economically illiterate meme that refuses to die. We’re actually probably in the early stages of it, a bull-market in neo-luddism, if you will. Bastiat’s “Candlemakers Petititon” answered this one long ago, but today I’ll run a little thought experiment that owes it all to good old Bastiat.

Let’s say Weird Al Yankovic invents a machine capable of making everything with a si
... (more)


Thanks A Lot, NSA posted 06/11/2015, 11:39 AM (Becky Akers)
[Category: Economy]
The "Information Technology and Innovation Foundation, a Washington think tank" predicted "nearly two years ago [that] losses for the cloud computing sector" would range between $22 billion and $35 billion, thanks to the NSA's espionage. Actually, neither the tankers nor the journalists reporting this story phrase it that way: they instead blame... (more)


Honduras Presses Ahead for ZEDE Liftoff in June posted 06/11/2015, 11:38 AM (PanamPost)
[Category: Economy]
The Honduran government will begin building the first Zones for Employment and Economic Development (ZEDE) in the Central American nation in June, fulfilling a campaign promise made by President Juan Orlando Hernández, according to government sources.

The idea behind the project is to create a pole for investment and development in designated
... (more)


Bond Crash Across the World as Deflation Trade Goes Horribly Wrong posted 06/11/2015, 11:39 AM (The Telegraph)
[Category: Economy]
Markets ignored clear warnings in Europe and America that the money supply is catching fire, signalling a surge of inflation later this year.... (more)


Wednesday June 10th, 2015

Hospitals Are Blatantly Ripping Us Off posted 06/10/2015, 10:57 AM (The Economic Collapse)
[Category: Economy]
Most Americans are deathly afraid to go to the hospital these days – and it is because of the immense pain that it will cause to their wallets.  If you want to get on a path that will lead you to bankruptcy, just start going to the hospital a lot.  In America today, hospitals and doctors are blatantly ripping us off and they aren’t making any apologies for it.  As you will read about below, some hospitals mark up treatments by 1,000 percent.  In other instances, basic medical su... (more)


Kim Dotcom's MegaNet Preps Jan 2016 Crowdfunding Campaign posted 06/10/2015, 10:41 AM (TorrentFreak)
[Category: Economy]
Kim Dotcom's dream of a people-powered, censorship-resistant Internet will rely on the goodwill of supporters to get off the ground. In an announcement this morning, the entrepreneur confirmed that his MegaNet project will seek equity via a crowd-funding campaign set to launch on the January 2016 anniversary of the raid on Megaupload.... (more)


Monday June 8th, 2015

Possible $500,000 Bitcoin Cloud Mining Ponzi Scheme Uncovered posted 06/08/2015, 7:50 AM (Bitcoin Magazine)
[Category: Economy]
Roughly nine months ago, Bitcoin Foundation Chief Scientist Gavin Andresen made a rather interesting comment on Reddit in which he claimed, "I suspect many [cloud mining companies] will turn out to be Ponzi schemes."

There have been a few cloud mining scams uncovered over the past year or two, and it appears that another one coul
... (more)


Friday June 5th, 2015

Are There Rules for Trade? posted 06/05/2015, 8:14 AM (Laurence M. Vance)
[Category: Economy]
Barack Obama has been lobbying Congress for Trade Promotion Authority (TPA), also known as “fast-track authority,” so the executive branch can work in secret on trade deals before submitting them to Congress for a quick up-or-down vote with limited time for debate, no provision for amendments, and no possibility of a Senate filibuster.

The president has made passage of the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP) a top priority
... (more)


How Governments Keep You (and Your Money) From Leaving posted 06/05/2015, 8:14 AM (Mises Institute)
[Category: Economy]
The IRS reports that more people renounced their US citizenship during the first quarter of 2015 than during any other quarter in history. Notably, a sizable portion of those renouncing their citizenship are doing so to escape heavy taxation. The United States is the only country other than the military dictatorship of Eritrea that taxes its citizens living abroad on all forms of in... (more)


America's Unwanted Ivy Leaguers Are Flocking to India posted 06/05/2015, 8:13 AM (Bloomberg)
[Category: Economy]
Kunal Bahl's American dream was coming together in late 2007. He had Ivy League degrees in business and engineering, a debut job at Microsoft Corp. and a roadmap to the career he’d always wanted in Silicon Valley.

Then his application for a U.S. visa was rejected and he was kicked out the country. Lucky for him.

Back in India, he got over the shock and founded a company in New Delhi with a childhood friend. Today Snapdeal.com is one of the most highly valued startup
... (more)


Thursday June 4th, 2015

Dark Markets Continue To Grow, Despite Silk Road Trial posted 06/04/2015, 5:33 AM (Techdirt)
[Category: Economy]
With Ross Ulbricht sentenced to life in prison to make an example of him in the new online version of our nation's drug wars, it raises a similar question to the one in the offline world: does this kind of thing have any impact at all? The Economist has a chart suggesting that nothing at all is changing and demand creates supply, as the number of drug listing... (more)


Meet the People Getting Screwed Over By Jerry Brown's High Speed Rail posted 06/04/2015, 5:32 AM (Reason)
[Category: Economy]


Hundreds in Central Valley may lose property to make way for flawed train.


Tuesday June 2nd, 2015

Florida Agency Says Uber Drivers Are Employees, Not Contractors posted 06/02/2015, 5:15 AM (Techdirt)
[Category: Economy]
There are a series of big important lawsuits currently under way, exploring the question of whether or not drivers for ride hailing services like Uber and Lyft are "employees" or "contractors." It seems fairly obvious that they should be contractors -- they use their own equipment, they set their own schedules,... (more)


We Need Actual Free Trade, Not the TPP posted 06/02/2015, 5:13 AM (Mises Institute)
[Category: Economy]
The TPP is not about any type of liberalization, but is about centralizing political power. The TPP will further transfer the negotiation and implementation of trade policy into the hands of a small number of global regulators and bureaucrats, while further reducing the prerogatives of Congress and state legislators in the US. ... (more)


Abercrombie Must Allow Hijabs posted 06/02/2015, 5:13 AM (The Daily Beast)
[Category: Economy]
The Supreme Court on Monday found that Abercrombie & Fitch is liable for discriminating against a young Muslim woman who wears a religious headscarf, reversing a lower court ruling.... (more)
Next up, Hooters! - Chris


Wednesday May 27th, 2015

No, Tax Breaks are not Subsidies posted 05/27/2015, 4:24 PM (Mises Institute)
[Category: Economy]
There’s a popular misconception that giving tax breaks to industries is the same as subsidizing them. Sadly, like many economic myths, this one just won’t die.

The video game industry offers a recent example. Critics have been arguing for years that US game developers are given unfair advantages and “subsidies” through a range of state and federal tax breaks that lower the cost of game design and artificially prop up production.
... (more)


Tuesday May 26th, 2015

Criminals Use IRS Website to Steal Data On 104,000 People posted 05/26/2015, 6:16 PM (CNN)
[Category: Economy]
A "sophisticated" organized crime syndicate used the IRS website to steal tax forms full of personal financial information on 104,000 taxpayers, the agency said Tuesday.

Until the IRS discovered this latest data leak, its website provided a service called "Get Transcript." It's an easy way to download several years of tax forms for tasks like applying for a mortgage, or college financial aid.

An unnamed cybermafia used this app to download forms full of personal
... (more)


Venezuela: World's Highest Inflation Rate posted 05/26/2015, 6:15 PM (Cato @ Liberty)
[Category: Economy]
Venezuela's bolivar is collapsing. And as night follows day, Venezuela's annual implied inflation rate is soaring. Last week, the annual inflation rate broke through the 500% level. It now stands at 510%.

When infl
... (more)


Court Order Forbids 'Poor Pirate' To Use BitTorrent posted 05/26/2015, 6:15 PM (TorrentFreak)
[Category: Economy]
A federal court in Oregon has signed off on a highly peculiar judgment against a Dallas Buyers Club pirate. Citing "financial hardship," the woman doesn't have to pay the $7,500 in costs and fees as long as she promises not to download any infringing material in the future, and removes any and all BitTorrent clients.... (more)


Sunday May 24th, 2015

Why Do We Celebrate Rising Home Prices? posted 05/24/2015, 11:33 PM (Mises Institute)
[Category: Economy]
The Fed and the government have gone to great lengths to prop up home prices. But it seems a bit odd to try to increase the cost of a basic necessity like housing. Why not do the same with food and clothing?... (more)


Friday May 22nd, 2015

George Soros Warns "No Exaggeration" That China-US On "Threshold Of World War 3" posted 05/22/2015, 4:53 PM (ZeroHedge)
[Category: Economy]
While admitting that reaching agreement between the two countries will be difficult to achieve, George Soros - speaking at The World Bank's Bretton Woods conference this week - warned that unless the U.S. makes 'major concessions' and allows China's currency to join the IMF's basket of currencies, "there is a real danger China will align itself with Russia politically and militarily, and then the threat of world war becomes real."... (more)


Wednesday May 20th, 2015

Uber Faces Potentially Devastating Court Ruling posted 05/20/2015, 4:08 PM (Mises Institute)
[Category: Economy]
Uber, Lyft, and similar rideshare companies represent a direct threat to state-controlled taxi cartels and their (increasingly unsellable) medallions. Now a class action lawsuit against Uber has been cleared for a federal court jury in California, alleging that its drivers should be classified as employees rather than independent contractors. If so, Uber potentially could owe mi... (more)


Tuesday May 19th, 2015

The Forgotten Depression posted 05/19/2015, 2:45 PM (Llewellyn H. Rockwell, Jr.)
[Category: Economy]
As the financial crisis of 2008 took shape, the policy recommendations were not slow in coming: why, economic stability and American prosperity demand fiscal and monetary stimulus to jump-start the sick economy back to life. And so we got fiscal stimulus, as well as a program of monetary expansion without precedent in US history.

David Stockman recently noted that we have in effect had fifteen solid years of stimulus -- not just the high-profile programs like the $700 billion TARP
... (more)


Supreme Court: Two states can't tax the same income posted 05/19/2015, 2:44 PM (USA Today)
[Category: Economy]
WASHINGTON — The Supreme Court came down against double taxation Monday in a case that could cost some states and cities millions of dollars.

The justices sided with taxpayers over governments in a case that tested Maryland's income tax system, which does not grant a full credit to residents who also pay income taxes in states where they work.
... (more)


Monday May 18th, 2015

Once A Sure Bet, Taxi Medallions Becoming Unsellable posted 05/18/2015, 2:21 PM (USA Today)
[Category: Economy]
Until recently in America's big cities, purchasing a taxi medallion—the city-issued license to operate cabs —was about as sound of an investment as they come.

But with the rise of Uber and other ridesharing services, the value of taxi medallions are plummeting, leading cabbies and fleet owners throughout the USA worried that their industry will be decimated if local and state government doesn't intervene.
... (more)


Thursday May 14th, 2015

What Peter Schiff Said To Ben Bernanke posted 05/14/2015, 2:27 PM (ZeroHedge)
[Category: Economy]
Last week, a photo of the oddest couple in finance, Peter Schiff and Ben Bernanke together "celebrating the economic recovery", promptly went viral.



As it turns out there was more to the story.

On his Friday podcast, Peter Schiff told the story of his encounter with Ben Bern
... (more)


Wednesday May 13th, 2015

Report: Cost of Federal Regulation Reached $1.88 Trillion in 2014 posted 05/13/2015, 11:25 AM (Free Beacon)
[Category: Economy]
The cost of federal regulation neared $2 trillion in 2014, according to a new report by the Competitive Enterprise Institute (CEI).

Ten Thousand Commandments: An Annual Snapshot of the Federal Regulatory State, a report by Clyde Wayne Crews, CEI's vice president for policy, also reveals that the U.S. debt now exceeds the size of China's economy.

“Federal regulation and i
... (more)


Jeffrey Tucker Talks Bitcoin On Fox Business posted 05/13/2015, 11:25 AM (Fox Business)
[Category: Economy]


Tuesday May 12th, 2015

Feds Spend $471,770 Observing Pregnant Women Walking Around posted 05/12/2015, 10:08 AM (Free Beacon)
[Category: Economy]
The National Institutes of Health (NIH) is spending nearly half a million dollars for a study that will observe pregnant women as they walk.

The project, being conducted by Butler Hospital in Providence, R.I., is researching how a “gentle” workout regiment of light walking can help pregnant women not be depressed.
... (more)


Saturday May 9th, 2015

Americans Living Abroad Set Record for Giving Up Citizenship posted 05/09/2015, 8:18 PM (Bloomberg)
[Category: Economy]
More Americans living outside the U.S. gave up their citizenship in the first quarter of 2015 than ever before, according to data released Thursday by the IRS.

The 1,335 expatriations topped the previous record by 18 percent, according to data compiled by Bloomberg. Those Americans are driven to turn in their passports in part because of laws that have expanded bank reporting and tax compliance requirements for expatriates.

The increase in early 2015 follows an ann
... (more)


Friday May 8th, 2015

Seven Changes Needed in Baltimore and Ferguson Right Now posted 05/08/2015, 7:30 AM (Mises Institute)
[Category: Economy]
I am regularly asked what can be done to solve the problem of “urban blight” in places like Detroit. The question is usually asked with exhausted desperation and a shrug, as if there are no possible answers. The cause of this “blight” is the root of the problem, and when ignited by police brutality, sets off riots in cities like Ferguson and Baltimore. There are a whole range of answers that we know will work to at least improve the situation.

The root problem of urban blight is g
... (more)


Thursday May 7th, 2015

New Gold Backed Cryptocurrency Has Been Announced posted 05/07/2015, 7:43 AM (The Daily Sheeple)
[Category: Economy]
The most legitimate argument against Bitcoin, is the fact that it isn’t backed by anything tangible. While it does use math and cryptography to create scarcity, at the end of the day bitcoins are still just digits on a screen. In that regard, they’re aren’t that different from fiat currencies. Their value is dictated by confidence and belief, rather than real world value.

But that may be about to change. Not for bitcoin, but for digital currencies in general. The gold storage comp
... (more)


The High Cost of Centrally Planning the Global Climate posted 05/07/2015, 7:43 AM (Ryan McMaken)
[Category: Economy]
Since I'm not a person who follows the climate-change debate or climate science in detail, I don't get involved in discussions over temperature readings or climate trends. On the other hand, I find it's a very bad idea to leave the science of economics and political economy up to climate scientists and their friends in politics who tend to be woefully deficient in their knowledge of how economies work or how scarce goods and amenities can be preserved, obtained, or manufactured.

I
... (more)


Snapchat CEO On FB, Twitter, & The Tech Bubble posted 05/07/2015, 7:42 AM (Austrian Markets)
[Category: Economy]


Leaked emails from snapchat CEO Evan Spiegel explain the tech bubble. Have FB & Twitter peaked?


The Embarrassment of Transparency posted 05/07/2015, 7:40 AM (Peter Schiff)
[Category: Economy]
Over the past decade or so, "transparency" has become one of the buzzwords that has guided the Federal Reserve's culture. The word was meant to convey the belief that central banking was best done for all to see in the full light of day, not in the murky back rooms of Washington and New York. The Fed seems to be on a mission to prove that its operations are benevolent, fair, predictable, and equitable. Part of that transparency movement took shape in 2007 when the Fed began publicizing its Gross... (more)


Financial Warfare and the Declining Dollar posted 05/07/2015, 7:40 AM (Mises Institute)
[Category: Economy]
With the creation of the BRICS bank and now the Asian Infrastructure Investment Bank (AIIB), the major economies of the world are hoping to lay the foundation for a multi-polar financial world beyond the unilateral control of the United States. Due to the enormous size of the US economy, coupled with the reserve status of the US dollar, the United States government has long been able to achieve strategic and military goals through flexing its financial power. This power has long allowed the US g... (more)


Saturday May 2nd, 2015

California Assembly Moves Forward With Idiotic Plan To Make All Bitcoin Startups Apply For A License posted 05/02/2015, 8:52 AM (Techdirt)
[Category: Economy]
Back in March, we wrote about a really bad bill that had been proposed in California by Assemblymember Matt Dababneh, called AB 1326. As we noted, it would basically destroy the ability of new startups in the Bitcoin space to build their businesses in California. Specifically, it would require any startup in the bro... (more)


Marc Faber: Stocks Will Drop '30 to 40 Percent at Minimum' as Bubble Bursts posted 05/02/2015, 8:52 AM (Newsmax)
[Category: Economy]
With the S&P 500 index hovering less than 2 percent below its record high, many market participants are calling for a correction of about 10 percent. Marc Faber, editor of The Gloom, Boom & Doom Report, is calling for a little more than that.

"For the last two years, I've been thinking that U.S. stocks are due for a correction," he told CNBC. "But I always say a bubble is a bubble, and if there's no correction, the market will go up. And one day it will go down, big-time."
... (more)


Friday May 1st, 2015

George Soros May Face $7 Billion Tax Bill posted 05/01/2015, 9:16 AM (Bloomberg)
[Category: Economy]
George Soros likes to say the rich should pay more taxes. A substantial part of his wealth, though, comes from delaying them. While building a record as one of the world’s greatest investors, the 84-year-old billionaire used a loophole that allowed him to defer taxes on fees paid by clients and reinvest them in his fund, where they continued to grow tax-free. At the end of 2013, Soros—through Soros Fund Management—had amassed $13.3 billion through the use of deferrals, according to Irish regulat... (more)
Demands high taxes for us slaves, does everything possible to avoid paying them himself.


Thursday April 30th, 2015

Study: 21 Percent Of US Millennial Parents In Poverty posted 04/30/2015, 10:17 PM (CBS DC)
[Category: Economy]
More than one-in-five (21 percent) of U.S. Millennial parents is impoverished, with rates of poverty among young Americans expected to expand rapidly as this demographic faces declining wages, vast student debt and an increasing number becoming parents in the coming years.

Millennial parents face a particularly high exposure to poverty given that Millennials (young Americans between 18 and 34 years of age) face an unemployment rate that is over 40 percent higher than the national
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Cop Kills Man with Patrol Car While Speeding & Looking at Laptop, Flexes Blue Privilege – No Charges - 07/03NYPD Cops Terrified of New Bills that Will Stop them from Choking and Illegally Searching People - 07/03Cop Tells Woman There's "No Excuse" For Parking The Wrong Way, Says It's Against The Law To Film Him - 07/03Why Not an 'Independence From the State' Day? - 07/03The Real Untold Story Of Government's Takedown of Silk Road - 07/03Chicago Institutes New "Amusement Tax" On Netflix, Streaming Services - 07/02Florida Man Sentenced to 8 Months for Driving Away from Interior Border Patrol Checkpoint Too Quickly - 07/03TSA Asks America To LOL At Traveler Who Had $75,000 Taken From Him By Federal Agents - 07/02

Man Follows Speeding Cop, Finds Out He Was Speeding To Buy PeanutsMission Creeps: Homeland Security Agents Confiscate Women's Panties For 'Copyright Infringement'Cop Shoots Couple's Dog, Threatens Jail For Trying To Save Dog's LifeSWAT Team Shoots Teen Girl & Her Dog During Pot Raid On Wrong HomeDurham, NC Cop Testifies Faking 911 Calls To Enter Homes Is "Official Policy"Indiana Sheriff Says US A "War Zone" To Justify New MRAP Military VehicleTampa Cops Surveil Pot Dealer, Catch Him Selling Pot, Raid His Home & Kill Him"You Just Shot An Unarmed Man!": Witness Says Police Shot His Friend With His Hands UpCop Receives 'Silver Valor Award' For Shooting Man With Cell Phone He Mistook For GunAnonymous Cop Pens Bizarre Editorial Calling for 'End of Anonymity on the Internet,' Says All Internet Posters Should be Forced to Register with the Government for 'Public Safety'
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