The Last 16 Times This Happened There Was a Recession
The Economic CollapseJan 20
Something has just happened that has signaled a recession every single time that it has occurred since World War I.  16 times since 1919 there have been at least 8 month-over-month declines in industrial production during the preceding 12 month period, and in each of those 16 instances the U.S. economy has plunged into recession.  Now that it has happened again, will the U.S. economy beat the odds and avoid a major economic downturn?  I certainly wouldn't count on it.  As I have written about ... (more)

Google Wastes a Quarter Billion Dollars On 'Social Justice' Nonsense
Ezra LevantJan 19


Ezra Levant of TheRebel.media reports on a new PBS documentary about Google's bizarre attempts to replace the meritocracy that made it great with "social justice warrior B.S."


The Oil Crash of 2016 Has The Big Banks Running Scared
The Economic CollapseJan 19
Last time around it was subprime mortgages, but this time it is oil that is playing a starring role in a global financial crisis. Since the start of 2015, 42 North American oil companies have filed for bankruptcy, 130,000 good paying energy jobs have been lost in the United States, and at this point 50 percent of all energy junk bonds are "distressed" according to Stand... (more)

Gas Plummets to 46 Cents a Gallon in Small Michigan Town
The Daily SheepleJan 19
For those of you old enough to remember a time when gas was cheap, you probably experience plenty of nostalgia every time you watch an old movie, and catch a glimpse of a gas station with sub-dollar prices. Believe it or not, you can experience those prices once again if you happen to be passing through Michigan. For the first time in years, there are several gas stations in the area where you can buy a gallon of gas for less than a dollar.

The slump in global oil prices has a
... (more)

The Fed Responds to Zero Hedge: Here Are Some Follow Up Questions
ZeroHedgeJan 19


The Financial Apocalypse Accelerates as Middle East Stocks Crash to Begin The Week
The Economic CollapseJan 18
It looks like it is going to be another chaotic week for global financial markets.  On Sunday, news that Iran plans to dramatically ramp up oil production sent stocks plunging all across the Middle East.  Stocks in Kuwait were down 3.1 percent, stocks in Saudi Arabia plummeted 5.4 percent, and stocks in Qatar experienced a mammoth 7 percent decline.  And of course all of this comes in the context of a much larger long-term decline for Middle Eastern stocks.  At this point, Saudi Arabian stocks a... (more)

Don't Terrorize The Public Over Piracy, Putin's Adviser Says
TorrentFreakJan 18


Michigan Becomes First State to Welcome Back Sub-$1 Gas
Fox 2 DetriotJan 18


Un-PC Lego Making Toys Girls Like
Mises InstituteJan 18


Lowest Ever: The Baltic Dry Index Plunges to 394 as Global Trade Grinds to a Standstill
The Economic CollapseJan 15
For the first time ever, the Baltic Dry Index has fallen under 400.  As I write this article, it is sitting at 394.  To be honest, I never even imagined that it could go this low.  Back in early August, the Baltic Dry Index was sitting at 1,222, and since then it has been on a steady decline.  Of course the Baltic Dry Index crashed hard just before the great stock market crash of 2008 too, but at this point it is already lower than it was dur... (more)

"Sell Everything" -- Top Mega Banks Warn That a "Cataclysmic" Collapse Has Begun
The Free Thought ProjectJan 14
After years of giveaways to mega banks, marketed to the taxpayers as 'quantitative easing,' the crutches shoved under the banker-controlled global stock trade are about to snap.

In June of 2015, former Congressman Ron Paul predicted that these crutches would fail, and the financial bubbles created by them would send the stock market into a free fall.
"The consequences will no... (more)

The Dow Falls Another 364 Points and We Are Now Down 2200 Points From The Peak of The Market
The Economic CollapseJan 14
It was another day of utter carnage on Wall Street.  The Dow was down another 364 points, the S&P 500 broke below 1900, and the Nasdaq had a much larger percentage loss than either of them.  The Russell 2000 has now fallen 22 percent from the peak, and it has officially entered bear market territory.  After 13 days, this remains the worst start to a year for stocks ever, and trillions of dollars of stock market wealth has already been wiped out globally.  Meanwhile, junk bonds continue their col... (more)

Obama's State of The Union Address | Peter Schiff and Stefan Molyneux
YouTubeJan 14


United States President Barack Obama delivered just his final State of the Union address – but unfortunately the facts don’t serve his fictional narrative.

Stefan Molyneux and Peter Schiff go through Obama’s address and discuss the state of the economy, the stock market crash, misleading unemployment numbers, the illusion of job creation, Federa
... (more)

Al Jazeera America to Shut Down
USA TodayJan 14


Amid Stock Market Panic, Dozens of Chinese Billionaires Are Mysteriously Disappearing
The Free Thought ProjectJan 12
Amid stock market panic in China, many of the country's most prominent billionaires are disappearing without a trace. This week, Zhou Chengjian, the chairman of the clothing company Metersbonwe became the most recent wealthy Chinese businessperson to go missing. Metersbonwe said in a statement on Thursday that it would be suspending its shares on the Shenzhen Stock Exchange and that the... (more)

Peter Schiff: Economy Already in Recession, Fed Won't Admit It
InformationLiberationJan 11


Peter Schiff says the economy is likely already in recession and people should brace themselves for a reversal of epic proportions.


Most Americans Are One Paycheck Away From The Street
MarketWatchJan 06


Many See I.R.S. Penalties as More Affordable Than Insurance
New York TimesJan 04


Dow Kicks Off 2016 With 400-Point Plunge On China Fears
MarketwatchJan 04


Will 2016 Be The End of The Current Skyscraper Boom?
Mises InstituteJan 01
With more financing in place, the world’s tallest skyscraper is moving forward.

Recent media reports indicate that the final segment of financing has been obtained for the $1.2 billion Jeddah Tower project in Saudi Arabia. This is the financing that would be necessary to bring the project to record heights. Media reports also show that the structure has risen to more than seventy-five meters (246 feet) and construction is proceeding at an uninterrupted pace.

Above g
... (more)

Puerto Rico to Default On a Portion of $1 Billion Debt
The Daily SheepleDec 31
Over the past year, Puerto Rico's financial problems have received national attention. Not only is the territory mired in high unemployment, but their government is also buried under a mountain of debt. Officials have desperately tried to keep the situation under control, and have pleaded with Congress to let them restructure their debt, but to no avail.

Now Puerto Rico is going to ring in the New Year by defaulting on a portion of $1 billion in bonds that are due next Monday.
... (more)

Supreme Demolition For The Raisin Racket
Future of FreedomDec 31


Obamacare Is Sucking Up to 10% of Americans' Incomes
ZeroHedgeDec 28


Venezuela Sues US Website Owners For 'Racketeering' and 'Cyberterrorism' to Try to Shut Them Up About Exchange Rates
TechdirtDec 24
Cyrus Farivar is reporting that the government of Venezuela has decided the best way to keep its citizens from learning more about its collapsing economy is to sue the US-based operators of a currency exchange information website… in a US federal court.
The US-based website that publishes a daily unofficial exchange rate between American do... (more)

A Guy With $170,000 in Student Loans Who Can't Find a Job in The Legal Profession Is Suing His Law School and Working Full Time For Uber
Yahoo FinanceDec 23
Filing frivolous lawsuits for personal gain, sounds like he's doing just what they taught him! - Chris

Martin Shkreli On Why He Raised The Price For Daraprim
InformationLiberationDec 22


The "Most Hated Man in America" gives his side of the story. Skip to 1:48:20.


Brent Crude Oil Hits 11-Year Low December 21
Business InsiderDec 21


Apple CEO Tim Cook Says Accusations of Tax Avoidance "Political Crap," US Tax Code "Awful"
InformationLiberationDec 20


Apple CEO Tim Cook told CBS's Charlie Rose on this week's 60 Minutes the U.S. tax code is "awful" and was "made for the industrial age, not the digital age."

Cook said while he'd "love to" repatriate the billions Apple has overseas he won't because it would cost him "40 percent" in taxes.

"I don't think that's a reasonable th
... (more)

Forced Diversity: Obama Administration Begins Redistributing Poor Inner City Families to US Suburbs
The Gateway PunditDec 18
The government in Baltimore is quietly relocating poor minorities from the inner city to rich white neighborhoods in the suburbs. They say explicitly they're doing it "under the radar" because it gets people angry, lol. - Chris

Fed Raises Rates .25%
Associated PressDec 16



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