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Why Elites Are Winning The War On Cash

Authored by James Rickards via The Daily Reckoning, Visa recently unveiled its own offensive in the war on cash. Visa is offering certain merchants a $10,000 reward if they refuse to accept cash in the future. Not surprisingly, Visa’s competitor is also part of the war on cash. Mastercard is increasing its efforts to encourage […]

The Plan To “Privatize” The Afghanistan War Doesn’t Privatize Anything

Authored by Ryan McMaken via The Mises Institute, Any time we hear the term "privatize" coming from the usual suspects in Washington, DC we should immediately be suspicious. When this word is used, there's usually precious little actual privatization going on. Thus, we should regard the Trump administration's proposed plan to "privatize" the war in […]

Greece Among Countries With The Most Slave Labor In Europe

The European Union recorded the largest increase in slavery of any world region in 2017, with the arrival of more than 100,000 migrants, many of them extremely vulnerable to exploitation, analysts said on Thursday. As KeepTalkingGreece.com reports, Greece, Italy, Cyprus, Romania and Bulgaria are the countries with the most slave labour within the EU. The […]

The Latest Attempt To Win The Afghan War: Replace The Soldiers With Mercenaries

Authored by Daniel Lang via SHTFplan.com, One of the most controversial aspects of the Iraq war was the heavy use of defense contractors, who were in many cases paid vast sums of money to do jobs that you’d think an ordinary soldier could do. When it was all said and done, defense contractors had reaped […]

The Secret History Of The Banking Crisis

Authored by Adam Tooze via ProspectMagazine.co.uk, Accounts of the financial crisis leave out the story of the secretive deals between banks that kept the show on the road. How long can the system be propped up for? It is a decade since the first tremors of what would become the Great Financial Crisis began to […]

China Threatens “Small Scale Military Operation” To Remove India From Bhutan Border

In the latest escalation between two nuclear powers, China has turned the war threat amplifier up to '11' by threatening India (in an article published a Chinese state-controlled newspaper) that it could conduct a "small-scale military operation" to expel Indian troops from a contested region in the Himalayas. The latest standoff started in June, after […]

Does America Need An Imbecile Tax?

Authored by Eric Peters via EricPetersAutos.com, Grown-ups used to appreciate being treated as grown-ups, especially by other grown-ups. How is it that today’s grown-ups demand that they be treated like not-too-bright children? This manifests all over but one obvious area is new cars. The latest example being what Nissan just announced it will be installing […]

Two-Thirds Of Rising Global Growth Is Due To Emerging Markets, And 9 Other Interesting Facts

For all the talk about a “coordinated global recovery”, it may come as a surprise that 57% of the acceleration in global GDP this year has come from a handful of commodity exporters (those whose food/metals/fuel exports are > 40% of total), which together combine for just 17% of global GDP growth. A slightly different […]

China Unveils Emergency Drill To “Shut Down Harmful Websites”

China's 19th National Congress of the Communist Party – the quinquennial confab where the party selects new members of the Politburo, its ruling council – is expected to begin this fall (official dates have not yet been publicly announced). And in an effort to guarantee that the leadership reshuffle goes off without a hitch, President […]

Dow Tops 22,000 As Dollar Drops To 27-Month Lows

It appears the market's attitude today was simple.., Summarizing today: Despite the biggest comany in the world blowing out earnings – Stocks ended the day 'unchish', VIX ended the day marginally higher Despite weaker than expected jobs data, escalating tensions with Russia, and China and India facing off against each other – Bonds ended the […]