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Category: Economy - Browse by Category - News - Analysis - Highlights - Multimedia - Latest Comments Page 2 Saturday November 28th, 2015

Wednesday October 14th, 2015
The Numbers Say That a Major Global Recession Has Already Begun posted 10/14/2015, 9:33 PM (The Economic Collapse)
[Category: Economy]
The biggest bank in the western world has just come out and declared that the global economy is “already in a recession”.  According to British banking giant HSBC, global trade is down 8.4 percent so far this year, and global GDP expressed in U.S. dollars is down 3.4 percentSo t... (more)

The Creative Destruction of Nudity in Playboy Magazine posted 10/14/2015, 9:33 PM (The Freeman)
[Category: Economy]
Playboy has finally found a new way to shock and titillate America.

The magazine has announced that it will no longer feature full nudity. Instead, it will be moving toward a partially clad, cheesecake pin-up style.

When I heard the news, I immediately wondered what the great economist Joseph Schumpeter would have made of it. Schumpeter, who famously sought to become the world's greatest economist, lover, and
... (more)

Trump: Economic Bubble About to Burst posted 10/14/2015, 9:30 PM (The Hill)
[Category: Economy]
NEW YORK — GOP presidential frontrunner Donald Trump warned The Hill in an exclusive interview of a looming economic recession, arguing that the stock market has already entered into another bubble.

[...]Trump also accused Federal Reserve Chairwoman Janet Yellen of keeping interest rates low in order to shield Obama from having to leave office during a recession.

“She’s keeping the economy going, barely,” Trump said. “The reason they’re keeping the interest rate do
... (more)

Monday October 12th, 2015

VIDEO: Clueless Californians Have No Idea the Price of 100oz Silver Bar posted 10/12/2015, 6:12 PM (Infowars)
[Category: Economy]

In a remarkable video posted by activist Mark Dice, several people he stopped on the street would not even entertain a guess at the value of silver, with some not seeming to understand what the precious metal is.

Dice gave several respondents the opportunity to win a 100 ounce silver bar if they could guess its value. He even agreed to give the bar to them if they guessed within
... (more)

Friday October 9th, 2015

Once More: The TPP Agreement Is Not a Free Trade Agreement, It's a Protectionist Anti-Free Trade Agreement posted 10/09/2015, 5:07 PM (Techdirt)
[Category: Economy]
We've pointed out a few times in the past that while everyone refers to the Trans Pacific Partnership (TPP) agreement as a "free trade" agreement, the reality is that there's very little in there that's actually about free trade. If it were truly a free trade agreement, then there would be plenty of reasons to support it. But the details show it's ... (more)

Thursday October 8th, 2015

Truck Vendors Must Ask Permission From Competitors to Do Business posted 10/08/2015, 3:49 PM (Activist Post)
[Category: Economy]
Is there a war on food truck vendors? In San Antonio, Texas there is…

Imagine if you had to ask permission from your competitors to continue doing business or face closure?

As more people catch the entrepreneurial bug, vending trucks make good sense. It's a relatively mobile business that saves tens of thousands on start-up costs, creates independence and even bolsters local economies.

That is until cities in tandem with restaurant organizations s
... (more)

California's "Equal Pay" Law Will Discourage Businesses, Encourage Lawyers posted 10/08/2015, 3:49 PM (The New American)
[Category: Economy]
This is going to be great for lawyers, according to Al Latham, himself a labor lawyer and an occasional guest lecturer at the University of Southern California: “It is going to lead to lots more litigation, which further weakens the business climate in California.” Another labor lawyer, Geoff DeBoskey, agreed on both counts: more work for lawyers and more business for U-Haul companies as companies exit the state’s increasingly anti-business climate. He said that employers will “move operations a... (more)
Absolutely massive handout to the trial lawyer lobby. - Chris

Wednesday October 7th, 2015

No More "Free Trade" Treaties: It's Time For Genuine Free Trade posted 10/07/2015, 4:46 PM (Mises Institute)
[Category: Economy]
It is erroneous to believe that free traders have been historically in favor of free trade agreements between governments. Paradoxically, the opposite is true. ... (more)

Tuesday October 6th, 2015

Uber's Peaceful Revolution posted 10/06/2015, 4:39 PM (The Freeman)
[Category: Economy]
Standing in the back of the main programming room at Uber headquarters, one looks across hundreds of focused employees with open browsers. They are following requests and rides in hundreds of cities around the world. The people making deals are connecting peer to peer. But there's still more work to do. Uber employees are observing traffic flows, tweaking pricing, troubleshooting, testing new features, fixing issues, monitoring bandwidth, approving new drivers, and taking other actions to keep t... (more)

Failure to Launch posted 10/06/2015, 4:37 PM (Peter Schiff)
[Category: Economy]
The popular belief that the U.S. economy has been steadily recovering has endured months of disappointing data without losing much of its appeal. A deep bench of excuses, ranging from the weather to the Chinese economy, has been called on to justify why the economy hasn't built up any noticeable steam, and why the Fed has failed to move rates off zero, where they have been for seven years. But the downright dismal September jobs report that was released last Friday may prove to be the flashing r... (more)

Most Americans Have Less Than $1,000 in Savings posted 10/06/2015, 4:37 PM (Marketwatch)
[Category: Economy]
Americans are living right on the edge — at least when it comes to financial planning.

Approximately 62% of Americans have less than $1,000 in their savings accounts and 21% don’t even have a savings account, according to a new survey of more than 5,000 adults conducted this month by Google Consumer Survey for personal finance website “It’s worrisome that such a large percentage of Americans have so little set aside in a savings account,” says Cameron Huddlesto
... (more)

2,000% Drug Price Surge Is a Side Effect of FDA Safety Program posted 10/06/2015, 4:36 PM (Bloomberg)
[Category: Economy]
Colchicine, a gout remedy so old that the ancient Greeks knew about its effects, used to cost about 25 cents per pill in the U.S. Then in 2010 its price suddenly jumped 2,000 percent.

That’s just one of the side effects of a U.S. Food and Drug Administration plan to encourage testing of medicines that have been around longer than the modern FDA itself, and so have never gotten formal approval. Companies that do the tests are rewarded with licenses that can temporarily give them mo
... (more)

Monday October 5th, 2015

Federal Government Pay Exceeds Most Industries posted 10/05/2015, 2:28 PM (Cato @ Liberty)
[Category: Economy]
New data show that worker compensation is rising faster in the federal government than in the private sector. After rapid growth in federal pay during the George W. Bush years, growth slowed from 2011 to 2013 after policymakers enacted a partial freeze on federal wages.

That era of restraint is now over. The latest data from the Bureau of Economic Analysis (BEA) show that wages rose 2.9 percent in the federal government in 2014, on average, compared to 1.7 percent in the private s
... (more)

Right Now There Are 102.6 Million Working Age Americans That Do Not Have a Job posted 10/05/2015, 2:28 PM (The Economic Collapse)
[Category: Economy]
The federal government uses very carefully manipulated numbers to cover up the crushing economic depression that is going on in this nation.  For the month of September, the federal government told us that 142,000 jobs were added to the economy.  If that was actually true, that would barely be enough to keep up with population growth.  Sadly, the truth is that the real numbers were actually far worse than that.  The unadjusted numbers show that the U.S. economy actually lost 248... (more)

Bernanke: Wall St Execs Should Have Gone to Jail For Crisis posted 10/05/2015, 2:27 PM (Associated Press)
[Category: Economy]
WASHINGTON (AP) — Former Federal Reserve Chairman Ben Bernanke says some Wall Street executives should have gone to jail for their roles in the financial crisis that gripped the country in 2008 and triggered the Great Recession.... (more)

The Reign of Recycling posted 10/05/2015, 2:26 PM (New York Times)
[Category: Economy]
IF you live in the United States, you probably do some form of recycling. It’s likely that you separate paper from plastic and glass and metal. You rinse the bottles and cans, and you might put food scraps in a container destined for a composting facility. As you sort everything into the right bins, you probably assume that recycling is helping your community and protecting the environment. But is it? Are you in fact wasting your time?... (more)

Friday October 2nd, 2015

The Reality Behind the Numbers in China’s Boom-Bust Economy posted 10/02/2015, 1:04 PM (Mises Institute)
[Category: Economy]
Last year, the world was stunned by an IMF report which found the Chinese economy larger and more productive than that of the United States, both in terms of raw GDP and purchasing power parity (PPP). The Chinese people created more goods and had more purchasing power with which to obtain them — a classic sign of prosperity. At the same time, the Shanghai Stock Exchange Composite more than doubled in value since October of 2014. This explosion in growth was accompanied by a post-recession constr... (more)

Wednesday September 30th, 2015

Canada Wants To Cut Price Of 'World's Most Expensive Drug'; US Manufacturer Sues To Stop It posted 09/30/2015, 1:36 PM (Techdirt)
[Category: Economy]
The Turing Pharma case has received widespread coverage, but as Techdirt readers know, it's hardly a unique example of the pharmaceutical industry taki... (more)

That $750 Generic Pill Is a Pure Artifact of Regulation posted 09/30/2015, 1:36 PM (Cato @ Liberty)
[Category: Economy]
As you probably know if you follow the news, a man named Martin Shkreli in charge of a startup firm called Turing Pharmaceuticals bought the rights to a drug called pyrimethamine (brand name Daraprim), used in the treatment of AIDS and malaria, and announced that he was jacking up its price from $13.60 to $750. Massive outrage resulted, which has echoed through social media for the past week.

Pyrimethamine is long since off patent. It is not difficult to manufacture, and sells che
... (more)

Fossil Fuels Are the Lifeblood of Modern Civilization posted 09/30/2015, 1:29 PM (The Beacon)
[Category: Economy]
"We don't want to 'save the planet' from human beings; we want to improve the planet for human beings." --Alex Epstein

I never thought I would encounter a book titled The Moral Case for Fossil Fuels. After all, in this day and age, it is the politically correct and fashionable trend for activists, media, and politicians to call upon each and every one of us to break our "addiction" to oil
... (more)

Tuesday September 29th, 2015

Shopping for Soulmates posted 09/29/2015, 11:50 AM (The Freeman)
[Category: Economy]
One of the fun parts about learning economics is realizing how broadly it can be applied. Once you understand the basic logic of scarcity, opportunity cost, and the rest of the economic way of thinking, all kinds of social phenomena are open to explanation.

Including relationships.

The economic way of thinking might explain some recent changes in how people find their way into romantic relationships. These changes affect marriage, divorce, and infidelity.
... (more)

The Bad and Good about Trump's Tax Plan posted 09/29/2015, 11:49 AM (Laurence M. Vance)
[Category: Economy]
The bad: The Trump campaign claims the plan “doesn’t add to our debt and deficit” and is “revenue neutral.”

The good: The Tax Foundation says: “It’s hard to see how the plan would reach revenue neutrality.”
... (more)

Monday September 28th, 2015

Time for Bond Investors, Especially in Chicago, To “Know What You Own” posted 09/28/2015, 10:44 AM (The Beacon)
[Category: Economy]
Four U.S. cities went belly up recently, and all declared bankruptcy due to unaffordable government pension costs. The outcomes of these bankruptcies should make everyone think twice about lending money to cities with serious public pension debts.... (more)

Friday September 25th, 2015

Google Starving Out Independent Antiwar Journalists posted 09/25/2015, 10:18 AM (Activist Post)
[Category: Economy]
While mainstream media routinely uses shock imagery to induce fear over all manner of threats to America and its allies, some independent Internet journalists are being restricted by advertising policies which penalize them for countering the establishment view.... (more)
Yours truly got a similar email demanding the removal of some super old article with a few Abu Ghraib abuse photos. I reluctantly complied, it's a very weird policy. - Chris

People Are Freaking Out About This Janet Yellen Speech posted 09/25/2015, 10:17 AM (YouTube)
[Category: Economy]

Maybe she's feeling guilty...

Thursday September 24th, 2015

Pope Francis Graph of the Day posted 09/24/2015, 11:04 AM (Cato @ Liberty)
[Category: Economy]
As the Argentine Pope, ever critical of capitalism, visits the United States, my colleagues at have posted this graph.
... (more)

Hans Hermann Hoppe, Democracy, De Civilization, and Counterculture posted 09/24/2015, 11:01 AM (YouTube)
[Category: Economy]

Hans Hermann Hoppe delivers a speech at the Property and Freedom Society, 2015.

Wednesday September 23rd, 2015

"Happy Birthday" Enters Public Domain, Judge Rules Copyright Invalid posted 09/23/2015, 9:02 AM (TorrentFreak)
[Category: Economy]
A group of artists have won a landmark victory over the Happy Birthday song. A California judge ruled that the copyrights to one of the world's most popular melodies is invalid. As a result, Happy Birthday enters the public domain while a multi-million dollar licensing business is destroyed.

Starting today everyone is free use “Happy Birthday” without having to pay a license fee, as a California federal court ruling just entered the popular song into the public domain.
... (more)

Scott Nations Refuses to Admit Peter Schiff Was Right posted 09/23/2015, 8:59 AM (YouTube)
[Category: Economy]

Peter Schiff has a contentious interview on CNBC Futures Now.

'Hated' CEO Lowering Price of $750 AIDS Drug Daraprim posted 09/23/2015, 8:59 AM (CNN)
[Category: Economy]
The company that hiked the price of Daraprim, a drug used to treat AIDS patients, is backing off.

Pharmaceutical company Turing increased the price of a drug called Daraprim from $13.50 to $750 a pill and its CEO, Martin Shkreli, quickly became the focus of public anger. The over 4,000% increase also caught the eye of Hillary Clinton. She tweeted about it Monday, saying she wanted to put an end to drug "price gouging."
... (more)

Tuesday September 22nd, 2015

The Economics of Hillary Clinton posted 09/22/2015, 9:07 AM (Mises Institute)
[Category: Economy]
In a recent Labor Day speech to union workers in Illinois, Hillary Clinton declared that if she is elected president of the United States, she would make sure that “some employers go to jail for wage theft and all the other abuses they engage in.” Her incendiary comments were obvious “red meat” for the audience, but it also helped to clarify her own economic views and how she would govern if elected.... (more)

Monday September 21st, 2015

A Mini-Course in Trade posted 09/21/2015, 8:15 AM (Jacob G. Hornberger)
[Category: Economy]
In every economic exchange, both sides benefit, each from his own individual, personal perspective. That's because each trader gives up something he values less for something he values more. Thus, at the moment of the trade, each of the traders is better off than he was before the trade. The standard of living of both traders has been improved by the simple act of trade.

Got it?

Okay, well then, here's your first Pop Quiz:

Suppose John has 10 apples a
... (more)

Groundhog Day at the Fed posted 09/21/2015, 8:10 AM (Peter Schiff)
[Category: Economy]
Every dictator knows that a continuous state of emergency is the best means to justify tyrannical policies. The trick is to keep the fictitious emergency from breeding so much paranoia that routine activities come to a halt. Many have discovered that its best to make the threat external, intangible and ultimately, unverifiable. In Orwell's 1984 the preferred mantra was "We've always been at war with Eurasia," even though everyone knew it wasn't true. In its rate decision this week the Federal Re... (more)

100 Years of Government's "Managed" Health Care posted 09/21/2015, 8:10 AM (Mises Institute)
[Category: Economy]
The term “managed care” entered the common lexicon in the 1990s, when contracted arrangements between physicians and hospitals on the one hand, and insurance entities on the other, became standard means to try to control healthcare expenditures. The origin of the concept is frequently credited to Dr. Paul Ellwood and his influential Jackson Hole Group, who introduced the idea in the early 1970s.... (more)

Friday September 18th, 2015

Still Waiting... posted 09/18/2015, 6:43 AM (Peter Schiff)
[Category: Economy]
Once again the Fed’s bite has failed to live up to its bark. Despite months of expectations that it would finally raise rates for the first time since 2006, the Fed continued to sit on its hands while pointing to some unspecified date in the future when all the economic and financial stars will align in a way that makes a 25 basis point increase appropriate. Am I the only one getting bored by the repetition?

Just like it has in prior statements, the Fed’s Open Market Committee pai
... (more)

In Thrall to the Federal Reserve posted 09/18/2015, 6:43 AM (Mises Institute)
[Category: Economy]
Perhaps no economic pronouncement in history has been anticipated, discussed, predicted, dissected, and reported like the Federal Reserve’s momentous decision today not to raise interest rates.

The outpouring of relief witnessed today by the financial press is nothing short of cathartic. Fear and anxiety, built up over months, is replaced by relief, even euphoria.
... (more)

Thursday September 17th, 2015

Is China Really Crashing? posted 09/17/2015, 6:42 AM (The Beacon)
[Category: Economy]
We seem to be panicking about China's economy. Let's pause and look at some of the facts.

First, consider the short-term concerns that sent shock waves across the world. Unlike the United States, where very developed capital markets are connected to the economy at large, in China the linkage is less strong. Even so, what has really happened to the stock market over there? The Shanghai Composite Index has dropped from 5,166 in June of this year to 3,005 as I write this--about 4
... (more)

Wednesday September 16th, 2015

Yes, You Do Understand Economics posted 09/16/2015, 6:18 AM (Michael McKay)
[Category: Economy]
The other day I was having coffee with a new friend, a retired businessman who customized luxury cars in California. I mentioned I had recently retired from owning an investment firm and had many years of study of economics, especially Austrian Economics.

As so many people I have met before him, he said, "I really don’t understand economics and always have been confused by it."

To which I surprised him with, "Of course you understand economics; it is the thought pro
... (more)

Bernie Sanders' Socialism Can Be Yours For The Price Of Only $18 Trillion! posted 09/16/2015, 6:17 AM (The Wall Street Journal)
[Category: Economy]
Sen. Bernie Sanders, whose liberal call to action has propelled his long-shot presidential campaign, is proposing an array of new programs that would amount to the largest peacetime expansion of government in modern American history.

In all, he backs at least $18 trillion in new spending over a decade, according to a tally by The Wall Street Journal, a sum that alarms conservatives and gives even many Democrats pause. Mr. Sanders sees the money as going to essential government ser
... (more)

Government Issues "Sovereign Citizens" Warning to HUD Employees posted 09/16/2015, 6:17 AM (Truth in Media)
[Category: Economy]
On Tuesday, the Department of House and Urban Development issued a warning to its employees and contractors concerning scams and confrontations with anti-government “sovereign citizens” who are reportedly illegally occupying federal housing.... (more)

Tuesday September 15th, 2015

U.S. Has Less Economic Freedom than Chile, Jordan, or Taiwan posted 09/15/2015, 6:52 AM (The Beacon)
[Category: Economy]
Economic Freedom of the World report (pdf)

Today the Fraser Institute in Vancouver, Canada, released the 2015 Economic Freedom of the World report (pdf) and it's bad news for the United States, where economic freedom is falling. The U.S. ranks only 16th in economic freedom
... (more)

Monday September 14th, 2015

California Will Regulate Medical Marijuana posted 09/14/2015, 6:10 AM (
[Category: Economy]
After nearly 20 years of wrangling over what is and is not legal under California's 1996 Proposition 215 medical marijuana law, the state legislature has passed a set of bills designed to bring order to the chaos.

After working with Gov. Jerry Brown (D) on acceptable language, the Assembly and the Senate Friday passed Assembly Bill 243, Assembly Bill 266, and Senate Bill 643. The session ended at midnight.

If, as expected, Gov. Brown signs the bills int
... (more)

Skyscraper Glass Shortage posted 09/14/2015, 6:09 AM (Mises Institute)
[Category: Economy]
So many skyscrapers are being built right now that there has emerged a shortage in the special glass panels that forms the exterior of most modern skyscrapers.There are more than 100 skyscrapers currently under construction that are designed to be over 1000 feet tall with the tallest one designed to be 1000 meters tall. With all this construction under way there has emerged a shortage of the specialized glass panels that form the exterior of most modern skyscrapers. This probably means that prod... (more)

Friday September 11th, 2015

Jim Rogers: China Outperforms US, Other World Markets posted 09/11/2015, 2:43 AM (Sputnik News)
[Category: Economy]
China’s market has performed better than any other in the world, including the United States, over the past year despite recent stock market turbulence, veteran US investor Jim Rogers told Sputnik.... (more)

Thursday September 10th, 2015

3 Stock Market Tips from an Economist posted 09/10/2015, 2:39 AM (The Freeman)
[Category: Economy]
Recent volatility has Americans talking about the stock market -- and getting a lot of things wrong in the process. Let's discuss some general principles to help clear things up.

(Let me say up front that I won't be disclosing which stocks are going to go up next month. Even if I knew, it would ruin my advantage to tell everybody.)

1. Money doesn't go "into" or "out of" the stock market in the way most people think.

On NPR's Marketpla
... (more)

Wednesday September 9th, 2015

Freddie Gray's Family Settles With City For $6.4M posted 09/09/2015, 3:04 AM (CNS News)
[Category: Economy]
BALTIMORE (AP) — The parents of Freddie Gray reached a tentative $6.4 million settlement with the city of Baltimore, nearly five months after their 25-year-old son was critically injured in police custody, sparking days of protests and rioting.

The deal announced Tuesday appeared to be among the largest settlements in police death cases in recent years and happened just two days before a judge is set to hear arguments on whether to move the trials for six officers charged in Gray'
... (more)

Tuesday September 8th, 2015

The Elite Have Prepared For The Coming Collapse – Have You? posted 09/08/2015, 1:54 AM (The Economic Collapse)
[Category: Economy]
Why are the global elite buying extremely remote compounds that come with their own private airstrips in the middle of nowhere on the other side of the planet? And why did they start dumping stocks like crazy earlier this year? Do they know something that the rest of us don’t? The things that I am about to share with you are quite alarming. It appears that the global elite have a really good idea of what is coming, and they have already taken substantial steps to prepare for it. Sadly, most... (more)

The Numbers Are In: China Dumps A Record $94 Billion In US Treasurys In One Month posted 09/08/2015, 1:54 AM (ZeroHedge)
[Category: Economy]
Shortly after the PBoC's move to devalue the yuan, we noted with some alarm that it looked as though China may have drawn down its reserves by more than $100 billion in the space of just two weeks. That, we went on the point out, would represent a stunning increase over the previous pace of the country's reserve draw down, which we began documenting mo... (more)

Monday September 7th, 2015

Government Failed To Repair These Roads, So A Group Of Volunteers Did It Themselves posted 09/07/2015, 2:28 AM (True Activist)
[Category: Economy]
One of the main things that people usually bring up in defense of government is the idea that without the government there would not be any roads, or that the roads would somehow fall into disrepair. Well, it is not hard to tell these days that the infrastructure is falling apart, even with taxation at an all-time high. The government still isn't able to properly maintain roads and bridges.

In one Michigan community, people took these matters into their own hands instead of sittin
... (more)

How Capitalism Enriches the Working Class posted 09/07/2015, 2:28 AM (Thomas DiLorenzo)
[Category: Economy]
In the early days of capitalism there was a mass exodus from farm to factory.   No one forced the masses to work in factories; they did so because factory work  was better and more profitable than the alternative -- sixteen hours a day of backbreaking farm labor for less money.  Or begging, prostitution, crime, and starvation.  As Ludwig von Mises explained in Human Action (p. 615):
The factory owners did not have the power to compel anybody to take a factory job.  They... (more)

How Government is Destroying Private Charity posted 09/07/2015, 2:27 AM (City Journal)
[Category: Economy]
Dependence on government funding destroyed FEGS and threatens other once-great philanthropic organizations.... (more)

Friday September 4th, 2015

Meet QT; QE's Evil Twin posted 09/04/2015, 2:02 PM (Peter Schiff)
[Category: Economy]
There is a growing sense across the financial spectrum that the world is about to turn some type of economic page. Unfortunately no one in the mainstream is too sure what the last chapter was about, and fewer still have any clue as to what the next chapter will bring. There is some agreement however, that the age of ever easing monetary policy in the U.S. will be ending at the same time that the Chinese economy (that had powered the commodity and emerging market booms) will be finally running ou... (more)

Record 94,031,000 Americans Not in Labor Force; Participation Rate Stuck at 38-Year Low for 3rd Straight Month posted 09/04/2015, 2:02 PM (CNS News)
[Category: Economy]
A record 94,031,000 Americans were not in the American labor force last month -- 261,000 more than July -- and the labor force participation rate stayed stuck at 62.6 percent, a 38-year low, for a third straight month in August, the Labor Department reported on Friday, as the nation heads into the Labor Day weekend.... (more)

Thursday September 3rd, 2015

Government Permission to Work posted 09/03/2015, 12:37 PM (The Freeman)
[Category: Economy]
I'm a lawyer, and I think legal licensing is an extraordinary scam. Let people choose an attorney, paralegal, legal secretary, or self-educated legal savant to help with their legal problem. Legal licensure is designed to protect lawyers more than consumers.

Attorneys aren't the only professionals who rig regulation to their benefit. More than 1,100 professions are licensed by at least one state. In addition to lawyers and doctors are locksmiths, interior decorators, funeral atten
... (more)

When Government Fails--Venezuela Edition posted 09/03/2015, 12:36 PM (The Beacon)
[Category: Economy]
Whenever Venezuela comes up in the news the story is rarely good. From massive civil unrest, to rampant shortages, to hyper-inflation, to stories of squatters, the country is probably not on the top of many people's "places I'd like to visit" list.

While we may look at the situation in Venezuela and think, "wow, living there would be awful," the fact of the matter is that these conditions are reality for more than 30 million people who call the country home.

Some pe
... (more)

"It's A Tipping Point" Marc Faber Warns "There Are No Safe Assets Anymore" posted 09/03/2015, 12:36 PM (ZeroHedge)
[Category: Economy]
Markets have "reached some kind of a tipping point," warns Marc Faber in this brief Bloomberg TV interview. Simply put, he explains, "because of modern central banking and repeated interventions with monetary policy, in other words, with QE, all around the world by central banks - there is no safe asset anymore." The purchasing power of money is going down, and Faber "would rather focus on precious metals because they do not depend on the industrial demand as much as base metals or industrial co... (more)

Wednesday September 2nd, 2015

Ron Paul: Blame the Federal Reserve, Not China, for Stock Market Crash posted 09/02/2015, 12:42 PM (Ron Paul)
[Category: Economy]
Following Monday's historic stock market downturn, many politicians and so-called economic experts rushed to the microphones to explain why the market crashed and to propose “solutions" to our economic woes. Not surprisingly, most of those commenting not only failed to give the right answers, they failed to ask the right questions.

Many blamed the crash on China's recent currency devaluation. It is true that the crash was caused by a flawed monetary policy. However, the fault lies
... (more)

Jim Rogers On Trump Scapegoating China For Economic Collapse posted 09/02/2015, 12:41 PM (InformationLiberation)
[Category: Economy]

Jim Rogers says contrary to what Trump and other politicians would have people believe China is not to blame for the US's economic woes. As the world's largest economy, the US is to blame for it's own problems.

Marc Faber: It Is Time To Sell On The Rallies posted 09/02/2015, 12:41 PM (CNBC Africa)
[Category: Economy]

Marc Faber, Editor and Publisher of "The Gloom. Boom & Doom Report",, gives his perspective on where markets are headed and what's behind the current selloff.

College Towns Join the Mania: The Skyscraper Curse in Auburn posted 09/02/2015, 12:41 PM (Mises Institute)
[Category: Economy]
The “Skyscraper Curse” describes the eerie connection between record-breaking skyscrapers and global economic crises. There are no true skyscrapers being built in Auburn, Alabama, home of Auburn University. But, there has been a great deal of building big and tall.... (more)

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Donald Sutherland Reveals The Real Meaning Of The Hunger Games - 11/27Drone Pilots Have Bank Accounts and Credit Cards Frozen by Feds For Exposing US Murder - 11/27World's Most 'Adorable' Drug Kingpin Is Actually The Daughter of Texas DEA Head Honcho - 11/26Pot Breathalyzers: Coming Soon to A Drug War Near You - 11/27City Settles After Police Chief Arrested Man For Calling Public Official A 'Liar' - 11/27Georgia Sheriff Puts Up Sign Warning People Who Disagree With Him About God to Leave - 11/27Bezos Beats Musk - 11/27Is Black Friday Racist? - 11/25

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'