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Stock market rigging is no longer a ‘conspiracy theory’

The stock market is rigged. When I started making that claim years ago — and provided solid evidence — people scoffed. Some called it a conspiracy theory, tinfoil hats and that sort of stuff. Most people just ignored me. But that’s not happening anymore. The dirty secret is out. With stock prices rushing far ahead of economic reality over the …

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Russia’s Central Bank Governor Is Way Smarter Than Ours

It wouldn’t be a first, but it would certainly be a – bigger – shock. That is to say, the Bank of England hijacked the head of Canada’s central bank some time ago, but, while unexpected enough, that would pale in comparison to the US hiring the present Governor of the Russian central bank, Elvira Sakhipzadovna Nabiullina. It would still …

job construction

The U.S. Job Market Is Losing Its Dynamism

Part of America’s advantage over other economies historically has been the pace at which it both creates and destroys jobs. As they face slowing prospects or failure, companies, even whole industries, cut workers . The good news is that new businesses keep popping up to supply new jobs. More than 7 million jobs are created, and almost as many are destroyed, every …

IMF Greece Financial Crisis

The IMF Proposes “Global Wealth Confiscation”. The Appropriation of Household Savings

As first reported by Forbes, the International Monetary Fund (IMF) dropped a bomb in its October Fiscal Monitor Report.  The report paints a dire picture for high-debt nations that fail to aggressively “mobilize domestic revenue,” which is code for “aggressively tax its citizens.”  It goes on to build a case for drastic measures and recommends a series of escalating income and …

lobbying

Fears of a new global crash as debts and dollar’s value rise

Greek ministers are spending this weekend, almost five grinding years since Athens was first bailed out, wrangling over the details of the spending cuts and economic reforms they have drawn up to appease their creditors. As the recriminations fly between Europe’s capitals, campaigners are warning that the global community has failed to learn the lessons of the Greek debt crisis – …

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The Federal Reserve’s “Financial Airplane”. The Fed’s Economic “Assumptions”, “Falsified Data to Portray Growth”

After last week’s air tragedy, maybe a poor thought process but please stay with me.  Would you ever get on an airplane if there was no pilot?  Would you be confident of reaching your destination safely?  Of course not.  Whether you know it or not, you are living in an economic and financial “airplane” with Chairwoman of the Federal Reserve Janet Yellen …

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Experts Admit Conspiracy Theorists Right About Rigged Stock Market: “The Dirty Secret Is Out”

Are there really secret manipulations of the economy going on in the shadows of Wall Street and Washington? Do bears crap in the woods? The NY Post’s controversial columnist John Crudele has thrown down the gauntlet, declaring that the market is rigged. And not only does everyone know it, but it is now being admitted. The stock market is rigged. When I started making …

Israel

Israel’s Seizure of Palestinian Taxes Sparks Economic Devastation, Mounting Resistance

As Israel continues to withhold $130 million a month in revenue from the Palestinian Authority, officials warn that the West Bank’s already choked economy is teetering over the edge, with most public employees facing salary cuts of 40 percent or more and the government close to default. “We have informed the Palestinian Authority that we have reached the limits permitted …

spoon-feeding

Deciphering the Fed’s Actions, “Spoon Feeding the Market”: Whatever they Do, the US Economy is Damned

Wednesday is yet another Fed meeting where we get to hear “policy” from them.  So many times in the past, the upcoming meeting has been called “THE” most important meeting ever.  This one is being called the same thing.  I have mentioned more than a few times in the past six years “what can they really say?”  I’ve done this because …

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The ECB’s Noose Around Greece: How Central Banks Harness Governments

Remember when the infamous Goldman Sachs delivered a thinly-veiled threat to the Greek Parliament in December, warning them to elect a pro-austerity prime minister or risk having central bank liquidity cut off to their banks? (See January 6th post here.) It seems the European Central Bank (headed by Mario Draghi, former managing director of Goldman Sachs International) has now made good on …