US Debt and the Restraint of a Gold Standard

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by Jesse Although FDR ended the use of gold in domestic circulation as currency in 1933, the US dollar remained on the gold standard until 1971.   The international currency system was formalized by the Bretton Woods Conference in 1944. When Nixon arbitrarily shut the ‘gold window’ in 1971 the world entered a reserve currency system … Read more

Immigrants Won’t Pay for Our Pensions—We’ll Pay for Theirs

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by Spencer P Morrison, NEE Ask any Democrat why they support open borders and they’ll invariably respond with one of two pre-digested answers: because “diversity is our strength” and “we need immigrants to pay for our pensions.” The first argument is a sham: if liberals valued diversity they would welcome conservatives to college campuses and tolerate … Read more

NAFTA 2.0 Won’t “Bring Back Our Jobs”

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by Spencer P Morrison, NEE In 1993 President Bill Clinton promised that the North American Free Trade Agreement (NAFTA) would create “a million [American] jobs in the first 5 years.” He also said NAFTA’s “side agreements” would “make it harder than it is today for businesses to relocate solely because of very low [Mexican] wages or lax environmental laws.” Bill … Read more

Will the next global recession be devastating, start civil unrest, accelerate the collapse and take collapse to the next stage?

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by Hypetents I think people don’t know we never recovered from the last one, depending on how you define “recover”. Like the media talks about jobs but they don’t talk about how those are shit service jobs with low pay. The middle income jobs have disappeared so people making $75k to $150k before the recession have … Read more

Prepping for a Venezuela-like economic collapse

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by mg_ridgeview Water is probably the single most important thing you could stock. After that, all the medical supplies and pharmaceuticals you can get your hands on. First aid kits, sanitizer and toiletries too. Medicine/medical supplies, preserved foodstuffs, water, utility knife, rope, compass, hand radio, fishing line, hand warmers, sleeping bag (maybe rolled up and attached … Read more

Larry McDonald, Editor of the Bear Traps Report: It’s going to get really ugly and it’s probably going to happen in the next six to nine months.

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via fuw.ch: Pressure on emerging markets is rising. For the past decade, a river of easy money rushed into developing countries. Now, that trend is reversing. Rising interest rates and trade wars are creating havoc. The Turkish lira and the Argentine peso have crashed. China’s stock market is stuck in a bear market. For Larry McDonald … Read more

Over a year after it was disclosed, the Experian site will still give your credit freeze PIN to anyone that knows your SSN and DOB

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by DaleSwanson I froze my credit after the Equifax breach, but have had to lift it a few times since then. When freezes became free I wanted to confirm that my credit was frozen with each bureau. When I got to the Experian site, I went through the process of adding a new freeze, and … Read more

China Censors Bad Economic News Amid Signs of Slower Growth

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https://www.nytimes.com/2018/09/28/business/china-censor-economic-news.html A government directive sent to journalists in China on Friday named six economic topics to be “managed,” according to a copy of the order that was reviewed by The New York Times. The list of topics includes: ■ Worse-than-expected data that could show the economy is slowing. ■ Local government debt risks. ■ The … Read more

Fed’s Treasury and securities holdings fall below $4 trillion for the first time in 4 years

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The U.S. Federal Reserve’s portfolio of Treasury and mortgage-backed securities has dropped below $4 trillion for the first time in more than four years, according to Fed data. The portfolio was assembled through three rounds of purchases starting during the financial crisis. The value of Treasurys and MBS dropped to $3.997 trillion as of Wednesday, … Read more

Pleasure boats, aircraft, recreational vehicle sales collapse. As they do before most recessions.

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https://twitter.com/OccupyWisdom/status/1045771625709350912 Another recession is looming, writes Martin Feldstein https://www.wsj.com/articles/another-recession-is-looming-1538088367 via @WSJ It’s safe to say this is the most important read of the day. Assign it to yourself as weekend reading if you’re too preoccupied with Italy as so many of us are today. https://twitter.com/OccupyWisdom/status/1045349246680137731 🇺🇸Balanced Fed, but note hints to equity market. The "Powell … Read more

In a blink, US state and local unfunded pension liabilities jump $2.3 Trillion!

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by SpontaneousDisorder https://www.bloomberg.com/news/articles/2018-09-27/fed-accounting-change-boosts-unfunded-pension-obligations-chart In case you missed it, the Federal Reserve’s quarterly Financial Accounts report last week included a change to accounting for state and local pension-fund programs. The central bank revised its data for unfunded liabilities, applying a “projected benefit obligation” method instead of the prior “accumulated benefit obligation” approach. With the change increasing unfunded obligations … Read more

The Economy is already collapsing

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by barroamarelo The bears have been saying for some time that the only reason equity markets are soaring are “quantitative easing” and debt inflation, and thus are in a bubble that will eventually pop. But can we quantify that, put some numbers on it to see if it’s true? That turns our to be quite … Read more

Tommy Robinson secretly recorded his interview with Sky News​ in order to catch them peddling fake news. His plot worked spectacularly. BBC edited it into​ fake news, up to changing actual words by muting parts of his statements.

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Exposing Sky News lies and propaganda – He will take them to court for this. Published by Tommy Robinsonon Sat, 29 Sep 2018 12:11:19 GMT. He recorded the entire interview on an iPhone so we could wait for them to edit it and lie like they have done for years to show you the true face … Read more

Deep State Judge Just Ruled Anyone in Congress Can Sue Trump Via Emoluments Clause

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by Thinker Lock And Load: Jim Stone Has Apparently Jumped Into The Deep End… How many judges are on the pay-to-play or blackmail for coverup does history show the American people??? Every judge, politician, individual, and organization come with history that either shows they are honest, or they are corrupt to the core…what do you … Read more

BYRON YORK: Is July 1, 1982 party key to Christine Ford’s allegation against Brett Kavanaugh?

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via washingtonexaminer: Now, Democrats are focusing on the July 1 event. Republicans tried to knock the speculation down. “That’s the wrong gathering,” Judiciary Committee chairman Chuck Grassley said, noting that the calendar lists more people at the event that Ford remembered. Others point out that Gaudette’s house was ten miles away from Columbia Country Club. … Read more