Silver as an investment

Monthly Archives: June 2015

A 14 Year Old Explains Why Socialism Fails

zerohedge.com / Via Shrey’s Finance blog (reportedly a 14 year old Brit’s thoughts) on 06/30/2015 18:20 Socialism is one of the biggest breakout economic ideologies of the 20th century. Although the UK general election was won by capitalists, socialism has more advocates than ever before, as a growing contingent are proposing a redistribution of wealth. You just […]

Paul Craig Roberts Rages: Truth Is Now A Crime Against The State

Authored by Paul Craig Roberts, The entire Western edifice rests on lies. There is no other foundation. Just lies. This makes truth an enemy. Enemies have to be suppressed, and thus truth has to be suppressed. Truth comes from foreign news sources, such as RT, and from Internet sites, such as this one. Thus, Washington […]

Now We’re Even Going to Have a “Smart” Oven, Complete with Image Recognition Camera

thedailysheeple.com / Melissa Dykes / June 30th, 2015 Everything in the future is set to be “smart”; that is, it will be filled with technology, connected to the Internet of Things, and constantly making data. Now, we’re about to see a smart oven that comes complete with an image recognition camera. Forbes reports that, “The June oven […]

Goldman Just Crushed The “Strong Fundamentals” Lie; Cuts EPS, GDP, Revenue And Profit Forecasts

In the past week, the one recurring theme among the permabullish parade on financial propaganda TV has been to ignore the closed stock market and banks in suddenly imploding Greece, the situation in Puerto Rico, the recent plunge in US stocks which are now unchanged for the year, and what may be the beginning of […]

BIS Warns Central Banks Won’t Be Able to Deal with Next Crisis

schiffgold.com / BY MIKE FINGER / JUNE 30, 2015 Bank of International Settlements issued a blunt report on Sunday, warning that over-reliance on monetary policy has left central banks with little capacity to deal with the next global crisis. As the Telegraph reports, BIS asserts that central banks have “backed themselves into a corner” by repeatedly cutting interest […]

The 75 Trillion Dollar Shadow Banking System Is In Danger Of Collapsing

Keep an eye on the shadow banking system – it is about to be shaken to the core.  According to the Financial Stability Board, the size of the global shadow banking system has reached an astounding 75 trillion dollars.  It has approximately tripled in size since 2002.  In the U.S. alone, the size of the […]

Crude Slips On Surprise API Inventory Build

zerohedge.com / by Tyler Durden on 06/30/2015 16:37 After 8 weeks of drawdowns in crude inventories, API reports a 1.9 million barrel build in the past week. Crude’s response is a 60c drop for now… A crude build after 8 weeks of draws… READ MORE The post Crude Slips On Surprise API Inventory Build appeared first […]

BIS Warning: Central Bank Financial Repression Has Left Global Economy Defenseless In Next Crisis

davidstockmanscontracorner.com / By Peter Spence at The Telegraph / June 30, 2015 The world will be unable to fight the next global financial crash as central banks have used up their ammunition trying to tackle the last crises, the Bank of International Settlements has warned. The so-called central bank of central banks launched a scatching critique of […]

Keiser Report: Greece! Start Fresh (E777)

RT, Published on Jun 30, 2015 In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the idea of “nothing to fear but fear itself” as Greece puts an end to sovereign asset forfeiture as capital controls and bank holidays are declared after its government called a referendum. In the second half, […]

Fed Examines Wealth Redistribution Program; Decides It’s Not Worth It

zerohedge.com / by Tyler Durden on 06/30/2015 16:35 For seven long years the Fed has aggressively defended a monetary policy regime explicitly designed to inflate the type of assets most likely to be concentrated in the hands of the wealthy. Despite the protestations of the man under whom these policies were implemented, the gap between the […]