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Trends This Week – Trump imploding and the rigged economy – 08.03.16

Gerald Celente takes a deep dive into the news of recent days, especially the self-destructing Donald Trump and ever present war drums pounding in the background of the Presidential Reality Show. He updates listeners on critical economic trends, as well. Despite high expectations that the Bank of Japan would stimulate its nation’s foundering economy by driving interest rates further into …

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Andrea Germanos – Unlike US, Ireland Just Sent Three Bankers to Jail for Role in 2008 Crisis

A Dublin court has sent three former senior banking executives to jail for committing “sham transactions” in an effort to deceive customers and shareholders during the 2008 financial crisis. “The trio will be among the first senior bankers globally to be jailed for their role in the collapse of a bank during the crisis,” as Reuters reports. Former Anglo Irish Bank executive …

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NORMAN POLLACK – Clinton Incorruptible: An Ideological Contrivance

Goldman got its money’s worth at the Convention, $700k for two speeches, more a promissory note on behalf of the entire Wall Street community for continued support when and if she is elected president. Clinton, an engine of self-promotion that never turns off, makes Trump’s self-promotion infantile, tiresome, and dyspeptic by comparison. A coinciding of personas, public and private, is …

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Dr. Paul Craig Roberts – America’s Conquest of Western Europe: Is Europe Doomed By Vassalage To Washington?

“One Ring to rule them all . . . and in the darkness bind them.”  — J.R.R. Tolkien, The Lord of the Rings World War II resulted in Europe being conquered, not by Berlin but by Washington. The conquest was certain but not all at once.  Washington’s conquest of Europe resulted from the Marshall Plan, from fears of Stalin’s Red Army that …

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Ambrose Evans-Pritchard – IMF admits disastrous love affair with the euro and apologises for the immolation of Greece

The International Monetary Fund’s top staff misled their own board, made a series of calamitous misjudgments in Greece, became euphoric cheerleaders for the euro project, ignored warning signs of impending crisis, and collectively failed to grasp an elemental concept of currency theory.  This is the lacerating verdict of the IMF’s top watchdog on the fund’s tangled political role in the …

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Yani Yaroufakis – Building a Progressive International

ATHENS – Politics in the advanced economies of the West is in the throes of a political shakeup unseen since the 1930s. The Great Deflation now gripping both sides of the Atlantic is reviving political forces that had lain dormant since the end of World War II. Passion is returning to politics, but not in the manner many of us …

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Michael Snyder – Painful To Watch: This Is The Weakest U.S. Economic ‘Recovery’ Since 1949

Most of us have never witnessed an economic “recovery” this bad.  As you will see below, the average rate of economic growth since the last recession has been the lowest for any “recovery” in at least 67 years.  And unfortunately, the economy appears to be slowing down even more here in 2016.  On Friday, I talked about how the U.S. economy …

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Katie Allen and Larry Elliott – UK joins Greece at bottom of wage growth league

Britain has suffered a bigger fall in real wages since the financial crisis than any other advanced country apart from Greece, research shows. A report by the TUC, published on Wednesday, shows that real earnings have declined more than 10% since the credit crunch began in 2007, leaving the UK equal bottom in a league table of wages growth. Using data …

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christian schwägerl – Vanishing Act: Why Insects Are Declining and Why It Matters

Every spring since 1989, entomologists have set up tents in the meadows and woodlands of the Orbroicher Bruch nature reserve and 87 other areas in the western German state of North Rhine-Westphalia. The tents act as insect traps and enable the scientists to calculate how many bugs live in an area over a full summer period. Recently, researchers presented the …

Paul Buchheit – How the Super-Rich Will Destroy Themselves

Perhaps they believe that their underground survival bunkers with bullet-resistant doors and geothermal power and anti-chemical air filters and infrared surveillance devices and pepper spray detonators will sustain them for two or three generations. Perhaps they feel immune from the killings in the streets, for they rarely venture into the streets anymore. They don’t care about the great masses of ordinary people, nor …