Silver as an investment

Category Archives: Fail

John McCain Kills GOP’s Last Ditch Effort To Repeal Obamacare

Third time turned out to be unlucky after all. Earlier today, Sen. Susan Collins said that she has serious concerns about the latest GOP bill to repeal and replace ObamaCare as Republicans prepare to vote on the legislation next week, adding that she was “leaning against the bill… I’m just trying to do what I […]

India: The Genie Of Lawlessness Is Out Of The Bottle

Authored by Jayant Bhandari via Acting-Man.com, Recapitulation (Part XVI, the Last) Since the announcement of demonetization of Indian currency on 8th November 2016, I have written a large number of articles. The issue is not so much that the Indian Prime Minister, Narendra Modi, is a tyrant and extremely simplistic in his thinking (which he […]

Financialization & The Destruction Of The Real Economy

Authored by Charles Hugh Smith via OfTwoMinds blog, Strip an economy of capital, productive incentives, talent and yes, ethics, and what are we left with? An economy spiraling toward an inevitable collapse. Financialization is destroying the real economy, but few in power seem to notice or care. The reason why is painfully obvious: those in […]

Government By Goldman

Authored by Gary Rivlin and Michael Hudson via The Intercept, in partnership with The Investigative Fund, Steve Bannon was in the room the day Donald Trump first fell for Gary Cohn. So were Reince Priebus, Jared Kushner, and Trump’s pick for secretary of Treasury, Steve Mnuchin. It was the end of November, three weeks after Trump’s […]

About That Debt Ceiling Crisis…

With just one month left until the “X Date”, better known as the first day on which Treasury has exhausted its borrowing authority and no longer has sufficient funds to pay all of its bills in full and on time, and also known as the date the US is technically in default on its debt […]

Pension Consultant Offers Dire Outlook For Kentucky: Freeze Pension And Slash Benefits Or Else

Underfunded public pensions are undoubtedly the biggest threat facing America’s long-term economic stability.  As we’ve argued numerous times in the past, the size of the aggregate underfunding, $5-$8 trillion depending on your assumptions, is simply too large for even the overly generous American taxpayer to cover. Of course, one of the biggest contributors to this […]

Male, Female, Or ‘Nonbinary’: California Set To Be First State To Add “Gender X” Designation To Licenses

Up until now, state issued identification cards around the country have limited gender designations to ‘male’ and ‘female’ because, well, biological science has historically taught us that those were the only two options.  But that hateful and narrowed-minded micro-aggression perpetrated by our genetic code will no longer be tolerated in the state of California, whether […]

For First Time Ever, Mutual Funds Slash Uber Valuation By Up To 15%

Exactly two weeks ago, we asked if Uber – the world’s most valuable private company – is heading for a valuation-crushing, 40% discount down-round.   Some of our arguments were the following: First, those hoping for a ‘return of the king’ moment were disappointed after it was confirmed that Travis Kalanick isn’t coming back. Second, […]

Better A Year Early Than A Day Too Late

Authored by Adam Taggart via PeakProsperity.com, He who hesitates is lost. ~proverb Change, especially a collapse scenario, often happens quite fast. So fast that there's little to no time to react in the short frenzy between "before" and "after". This is true throughout nature. Glaciers that took millennia to form calve off into the sea […]

The Future Of The Third World

Authored by Jayant Bhandari via Acting-Man.com, Decolonization The British Empire was the largest in history. At the end of World War II Britain had to start pulling out from its colonies. A major part of the reason was, ironically, the economic prosperity that had come through industrialization, massive improvements in transportation, and the advent of […]