IndyWatch Economic News Feed Archiver

Go Back:30 Days | 7 Days | 2 Days | 1 Day

IndyWatch Economic News Feed Today.

Go Forward:1 Day | 2 Days | 7 Days | 30 Days

IndyWatch Economic News Feed was generated at World News IndyWatch.

Sunday, 17 September

02:53

Bernie's Single Payer Health is Suicidal, 1791 The Still Report

- Denas Pain Relief Store: http://denaspainreliefstore.com/denas-pcm-6.html 503.395.4142 Good morning, Im still reporting on: Bernie's Single Payer Health is Suicidal, 1791 Synopsis: This is a revelation to me. Ive never understood what single-payer health care was until this morning. I guess I thought it couldnt be that simple that the government pays for everything but it is. Matthew Continetti unpacked the problem in the Washington Free Beacon this morning. On Wednesday, Vermonts Socialist Senator, Bernie Sanders, who is now apparently the defacto leader of Congressional Democrats, introduced his single-payer health care system, with the support of 16 Democrat Senators. Sanders bill would repeal Obamacare, as well as most other private and public insurance and replace it with an all-powerful, government-run system to pay for everyones medical care and expenses. However, in the words of Robert Pear of the NYT: Mr. Sanders did not say how he would pay for his bill. A similar system enacted by his home state of Vermont collapsed several years ago. Similar bills did not pass in California. New Jersey and Colorado. According to the liberal Urban Institute: Federal [health] expenditures would increase by $32 trillion [between 2017 and 2026]. Sanderss revenue proposals would raise $15.3 trillion from 2017 to 2026. So let me guess, the remaining $17 trillion shortfall would go onto the national debt, thus doubling interest payments from the current $268 billion a year up to $500 billion all by itself! As Continetti points out, if the Dems in the Senate are going to follow Bernie Sanders off a cliff, go ahead, because no one is going to support this once the facts are known. As Continetti puts it: The headlines the left has generated this week include single-payer health care, draping a tarp over a statue of Thomas Jefferson on the University of Virginia campus, the resignation of the mayor of Seattle after a fifth accusation of child abuse, the Bob Menendez corruption trial, and Hillary Clinton's latest sanctimony tour. That man in the Oval Office? He can only be smiling. But whats the MSM talking about? Trumps polling numbers are bad and poor Hillary, she really did win the election. Support Our Sponsors: - Life Change Tea: Rid Your Body From Toxins! https://www.GetTheTea.com - Nobel Gold & Silver: Protect Your Money With Gold - Click Here- https://goo.gl/kx2yzW Or Call - 888-596-7916 - Water Smacker - Makes your water less acidic by ionization. https://www.watersmacker.com - Jeevy Computers: Move up to business-level cyber protection. https://www.jeevycomputers.com/pcs/ - Jeevy Computers: Buy/Sell Bitcoin & other Cryptos: 888-844-7806 - Learn How To Generate Passive Income Using Bitcoins At: https://www.TradeGeniusAcademy.com - Denas Pain Relief Store: http://denaspainreliefstore.com/denas-pcm-6.html 503.395.4142 Protect Your Information From Big Data - Click Here! https://www.virtualshield.com/billstill Use Promo...

02:40

Political Responses to Terror Are Sorely Lacking This is NOT Good Enough The Daily Coin

Political Responses to Terror Are Sorely Lacking This is NOT Good Enough by Mark Angelides IWB After yet another terror attack in the city of London, once again the political elites have marshaled their ideas and forces and done...

The post Political Responses to Terror Are Sorely Lacking This is NOT Good Enough appeared first on The Daily Coin.

02:15

Next Financial Crisis Six to Nine Months Away? Mike Mish Shedlock (Video) The Daily Coin

Next Financial Crisis Six to Nine Months Away? Mike Mish Shedlock Video Talk Digital Network Video Source

The post Next Financial Crisis Six to Nine Months Away? Mike Mish Shedlock (Video) appeared first on The Daily Coin.

02:12

URGENT! Identity Theft Insurance - FREE, 1790 The Still Report

Protect Your Information From Big Data - Click Here! https://www.virtualshield.com/billstill Use Promo Code: bill still for 20% OFF Good morning, Im still reporting on: URGENT! Identity Theft Insurance - FREE, 1790 Synopsis: Although I was a paying member of Equifaxs credit monitoring service for years, I gave it up last month. Of course, Id tried to quit that is have them quite the $20 per month that was automatically being charged to my credit card, but for some reason they just never got round to actually killing off that payment. Less than a month after I quit, they announced the biggest heist of personal information in history affecting 143 million Americans. Thats way more than the number of Americans working full-time jobs today 127 million. When you go onto their website, they have a link to check if your personal data was compromised. Originally, I was so mad with them that I wasnt about to go on their website, especially since at first they put a sneaky clause in the notorious Terms and Conditions that if you used their website, you couldnt sue them later on. That sounded like good old Equifax to me so I stayed away. But, a story on Market Watch made me rethink that. First of all Congressional and public pressure had forced the company to take back the evil Terms and Conditions clause. But secondly, as Maria LaMangas piece pointed out, last year, 15.4 million people got hit with identity theft a rise of 16% over 2015. The average cost to each fraud victim was just over a thousand dollars to get things squared away. Ouch! The coming year is going to be another record catch for data fraudsters, and there have been so many breaches in the last few years that you might never get things squared away. How did it happen? Believe it or not, it was the oldest vulnerability in the book. Equifax used the word admin for the login and password of their database. Support Our Sponsors: - Life Change Tea: Rid Your Body From Toxins! https://www.GetTheTea.com - Nobel Gold & Silver: Protect Your Money With Gold - Click Here- https://goo.gl/kx2yzW Or Call - 888-596-7916 - Water Smacker - Makes your water less acidic by ionization. https://www.watersmacker.com - Jeevy Computers: Move up to business-level cyber protection. https://www.jeevycomputers.com/pcs/ - Jeevy Computers: Buy/Sell Bitcoin & other Cryptos: 888-844-7806 - Learn How To Generate Passive Income Using Bitcoins At: https://www.TradeGeniusAcademy.com - Denas Pain Relief Store: http://denaspainreliefstore.com/denas-pcm-6.html 503.395.4142 Protect Your Information From Big Data - Click Here! https://www.virtualshield.com/billstill Use Promo Code: bill still for 20% OFF Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617...

01:51

There is a hot hand after all Marginal REVOLUTION

This paper, The Hot-Hand Fallacy: Cognitive Mistakes or Equilibrium Adjustments? Evidence from Major League Baseball, delivers on both the theory and the empirics:

We test for a hot hand (i.e., short-term predictability in performance) in Major League Baseball using panel data. We find strong evidence for its existence in all 10 statistical categories we consider. The magnitudes are significant; being hot corresponds to between one-half and one standard deviation in the distribution of player abilities. Our results are in notable contrast to the majority of the hot-hand literature, which has generally found either no hot hand or a very weak hot hand in sports, often employing basketball shooting data. We argue that this difference is attributable to endogenous defensive responses: basketball presents sufficient opportunity for transferring defensive resources to equate shooting probabilities across players, whereas baseball does not. We then develop a method to test whether baseball teams do respond appropriately to hot opponents. Our results suggest teams respond in a manner consistent with drawing correct inference about the magnitude of the hot hand except for a tendency to overreact to very recent performance (i.e., the last five attempts).

That is from Brett Green and Jeffrey Zwiebel, via Rolf Degen.  Here are ungated versions.

The post There is a hot hand after all appeared first on Marginal REVOLUTION.

01:50

Bitcoin, Sour Grapes and Jamie Dimon The Daily Coin

Bitcoin, Sour Grapes and Jamie Dimon by Charles Hugh Smith Daily Reckoning Institutional ownership of bitcoin is in the very early stages. If I had a bitcoin for every time some pundit declared bitcoin is a bubble, Id be...

The post Bitcoin, Sour Grapes and Jamie Dimon appeared first on The Daily Coin.

01:25

21st Century Shoe-Shine Boys The Daily Coin

21st Century Shoe-Shine Boys Author Pater Tenebrarum  Acting-Man Anecdotal Flags are Waved If a shoeshine boy can predict where this market is going to go, then its no place for a man with a lot of money to lose. Joseph...

The post 21st Century Shoe-Shine Boys appeared first on The Daily Coin.

00:59

Max Keiser & James Howard Kunslter: Big Data Leaks (Video) The Daily Coin

Max Keiser & James Howard Kunslter: Big Data Leaks Video RT Max and Stacy discuss big data making the case for crypto by allowing for single point of failure leaks of vital, private information. Max interviews James Howard Kunstler...

The post Max Keiser & James Howard Kunslter: Big Data Leaks (Video) appeared first on The Daily Coin.

00:35

Bitcoin Bloodbath May Become A Massacre As THREE Chinese Exchanges Confirm Shutdowns and More Are Coming The Daily Coin

Bitcoin Bloodbath May Become A Massacre As THREE Chinese Exchanges Confirm Shutdowns and More Are Coming by Mac Slavo SHTFPlan The last couple of weeks have seen a virtual bloodbath in crypto currency trading with the majority of all publicly...

The post Bitcoin Bloodbath May Become A Massacre As THREE Chinese Exchanges Confirm Shutdowns and More Are Coming appeared first on The Daily Coin.

00:10

On Quantum Computing, Bitcoin and That Economist Magazine Cover The Daily Coin

On Quantum Computing, Bitcoin and That Economist Magazine Cover by Rory The Daily Coin I want to thank Jeff Brown, China Rising, for bringing this to my attention. It appears to the be smoking gun I have been seeking...

The post On Quantum Computing, Bitcoin and That Economist Magazine Cover appeared first on The Daily Coin.

00:00

MiB: Victor Niederhoffer The Big Picture

There are few traders who experienced the highs and the lows of trading for a living the way Victor Niederhoffer has. George Soros spotted his talent, and made him a partner covering fixed income and foreign exchange. He stayed with Soros until 1990, when he launched his own fund seeded by Soros. His

Read More

The post MiB: Victor Niederhoffer appeared first on The Big Picture.

Go Back:30 Days | 7 Days | 2 Days | 1 Day

IndyWatch Economic News Feed Today.

Go Forward:1 Day | 2 Days | 7 Days | 30 Days

Saturday, 16 September

23:45

Stefan Gleason Speaks about Precious Metals Buying Dos and Donts (Podcast) The Daily Coin

Stefan Gleason Speaks about Precious Metals Buying Dos and Donts Podcast Money Metals Coming up well hear a fascinating and informative interview Money Metals president Stefan Gleason gave recently for the Sustainable Money podcast. Stefan shares some of the...

The post Stefan Gleason Speaks about Precious Metals Buying Dos and Donts (Podcast) appeared first on The Daily Coin.

23:20

Dreamers Dreaming Dreams The Daily Coin

Dreamers Dreaming Dreams by James Howard Kunstler Hurricanes Harvey and Irma are so out of the news now that people not listening to the mold grow in their sweltering bedrooms probably think these events had something to do with the...

The post Dreamers Dreaming Dreams appeared first on The Daily Coin.

22:55

What Headlines Got Wrong about Todays Data Dump The Daily Coin

Media Declares War

What Headlines Got Wrong about Todays Data Dump by Wolf Richter Wolf Street It actually wasnt that lousy. Voices will once again clamor with renewed vigor after having been muffled yesterday by the mini-spike in inflation for...

The post What Headlines Got Wrong about Todays Data Dump appeared first on The Daily Coin.

22:30

Craig Hemke & Eric Sprott Sprott Money News Weekly Wrap-up 091517 (Podcast) The Daily Coin

Craig Hemke & Eric Sprott

Craig Hemke & Eric Sprott Sprott Money News Weekly Wrap-up 091517 Podcast Sprott Money Eric Sprott returns this week to discuss the latest moves in gold, silver and the mining shares.

The post Craig Hemke & Eric Sprott Sprott Money News Weekly Wrap-up 091517 (Podcast) appeared first on The Daily Coin.

22:05

Bernies Single Payer Health is Suicidal (Video) The Daily Coin

Bernies Single Payer Health is Suicidal Video Bill Still This is a revelation to me. Ive never understood what single-payer health care was until this morning. I guess I thought it couldnt be that simple that the government...

The post Bernies Single Payer Health is Suicidal (Video) appeared first on The Daily Coin.

21:40

Return to gold or silver backed currencies continuing to gain steam as Mexico debates monetizing silver The Daily Coin

Return to gold or silver backed currencies continuing to gain steam as Mexico debates monetizing silver by Ken Schortgen, Jr. The Daily Economist Until 1971 most of the world was on a gold or silver backed monetary system. But...

The post Return to gold or silver backed currencies continuing to gain steam as Mexico debates monetizing silver appeared first on The Daily Coin.

21:30

10 Weekend Reads The Big Picture

The weekend is here! Pour yourself a mug of Americano coffee, grab a seat the Left Bank, and get ready for our longer form weekend reads:  You Are the Product: It Zucks! (London Review of Books)  Separating the Dos From the Donts of Investing (Bloomberg View)  RT, Sputnik and Russias New Theory of War (New York Times)  For A Better Life,

Read More

The post 10 Weekend Reads appeared first on The Big Picture.

21:15

Going Broke at Mach 30 The Daily Coin

Going Broke at Mach 30 by MN Gordon  Economic Prism No one really cares about the U.S. federal debt, remarked a colleague and Economic Prism reader earlier in the week.  You keep writing about it as if anyone gives a lick....

The post Going Broke at Mach 30 appeared first on The Daily Coin.

20:45

How to Tell if Gold is Real: 4 Easy Tests to Spot Fake Gold or Silver (Video) The Daily Coin

How to Tell if Gold is Real: 4 Easy Tests to Spot Fake Gold or Silver Video Money Metals Learn how to know if your gold or silver is fake! Just about all bullion investors worry about counterfeits. Those...

The post How to Tell if Gold is Real: 4 Easy Tests to Spot Fake Gold or Silver (Video) appeared first on The Daily Coin.

20:15

Cholesterol Isnt the Problem in Heart Disease; Inflammation Is The Daily Coin

Cholesterol Isnt the Problem in Heart Disease; Inflammation Is by Dr. Mercola Lew Rockwell Cholesterol is a waxy substance found in nearly every cell of your body and is essential to good health. Your body uses it to make...

The post Cholesterol Isnt the Problem in Heart Disease; Inflammation Is appeared first on The Daily Coin.

19:45

LAWRIE WILLIAMS: Will silver outperform gold in the months ahead? The Daily Coin

LAWRIE WILLIAMS: Will silver outperform gold in the months ahead? from Sharps Pixley That is the question asked by the latest newsletter from a leading London-based precious metals analytical consultancy, Metals Focus (which also provides data to the World Gold...

The post LAWRIE WILLIAMS: Will silver outperform gold in the months ahead? appeared first on The Daily Coin.

19:40

4 Disruptions from Cryptocurrencies that Banks Wont See Coming Max Keiser and Stacy Herbert

Digital currencies such as Bitcoin and Ethereum are here to stay, and theres practically nothing that can be done to stop the revolution. Critics, governments, and traditional financial institutions have all tried to slow down the growth of digital currencies without much success. Many individuals and organizations have started warming to the idea of digital currencies as the future of money, a potential first step towards the demise of fiat currencies. It is worthy of note that fiat currency displaced gold and silver as means of payment.

A recent study by Cambridge University estimates the current number of unique cryptocurrency wallets in active use between 2.9 million and 5.8 million. Interestingly, many experts believe that digital currencies will displace fiat money; yet, theres a strong conviction that such a change is still long on the horizon. Unfortunately, while the traditional financial industry is fixated on the future of money, the market is losing sight of some disruptive changes already underway.

Traditional financial institutions are already waking up to the realities of the massive disruption that digital currencies are facilitating. Now, banks are finding ways to offer cashless alternatives in order to keep their customers from jumping ship to nimbler startups. However, the traditional financial institutions are enmeshed in some legacy traditions, technology, and worldview that rather sabotage their efforts at embracing digital money. This piece looks at four ways digital currencies are already disrupting the global financial industry.

Alternative reserve currencies

reserve

People in economically weak countries usually protect their wealth against socioeconomic uncertainties by holding a part of their wealth in the currency of traditionally strong countries such as U.S. Dollars, Euro, and Swiss Franc. In recent times, people have started using cryptocurrency as alternative reserve currencies. Cryptocurrencies, particularly Bitcoin...

19:15

Ark Midnight 62 With William Binney (Video) The Daily Coin

Ark Midnight 62 With William Binney Video John B Wells William Binney is a former high-level National Security Agency intelligence official who, after his 2001 retirement after 30 years, blew the whistle on NSA surveillance programs. His outspoken...

The post Ark Midnight 62 With William Binney (Video) appeared first on The Daily Coin.

19:10

Debt Rattle September 16 2017 The Automatic Earth

Pablo Picasso Garcon la Pipe 1905   To Hell In A Bucket: America Is Going Broke At Mach 30 (Gordon) Down $20 Billion, Boeing Stuffs Pension Fund With Its Own Shares (BBG) Toys R Us Mulls Chapter 11 Bankruptcy Filing (R.) Bitcoin Needs To Be Worth $1,000,000 To Be A

The post Debt Rattle September 16 2017 appeared first on The Automatic Earth.

18:56

The Midlife Low in Human Beings naked capitalism

Are midlife blues an underrecognized feature of the human condition?

18:45

Suddenly, De-Dollarization Is A Thing The Daily Coin

Suddenly, De-Dollarization Is A Thing by John Rubino Dollar Collapse For what seems like decades, other countries have been tiptoeing away from their dependence on the US dollar. China, Russia, and India have cut deals in which they agree...

The post Suddenly, De-Dollarization Is A Thing appeared first on The Daily Coin.

18:15

Last Ditch Effort, The Cabal Pushes The Event Of Events (Video) The Daily Coin

Last Ditch Effort, The Cabal Pushes The Event Of Events Video X22 Report Susan Rice outed as the one who performed the unmasking. Catalonia move forward with referendum . Venezuela take is to the next level, instead of using...

The post Last Ditch Effort, The Cabal Pushes The Event Of Events (Video) appeared first on The Daily Coin.

18:12

Rumors of Japans Imminent Demise Have Been Greatly Exaggerated naked capitalism

Why you should not believe media accounts that depict Japan as a basket case in the making.

18:03

In The News Today Jim Sinclair's Mineset

Jim Sinclairs Commentary The SWIFT system is not such a powerful entity anymore. I believe this was an error of an intelligence agency (ours), that pulled SWIFT off the shelf to threaten some country over not much at all a few years back. Now all North Korea will need, in time, is a Mastercard to finance their... Read more

The post In The News Today appeared first on Jim Sinclair's Mineset.

16:08

Poverty does not cause social problems (and the cream rises to the top) TheMoneyIllusion

Pity poor New Hampshire:

Manchester is at the heart of New Hampshires opioid epidemic, which has first responders, lawmakers and health care administrators scrambling for solutions before the situation spirals further out of control.

Though other New England states such as Vermont and Maine have seen spikes in opioid-related deaths, the granite state ranks No. 2 in the nation, behind West Virginia, for the number of opioid-related deaths relative to its population. It ranks No. 1, though, for fentanyl-related deaths per capita.

So what makes New Hampshire so special?  Why so many deaths of despair? Perhaps because it has arguably the most successful economy in the entire world, with extremely high income, high education and extremely low rates of poverty:

Pop quiz:

Which U.S. state had the highest median income in 2016? . . .

New Hampshire.

The Granite States median household income last year was a whopping $76,260, nearly 30 percent higher than the national median of $59,039, according to the Census. . . .

One of the chief drivers of New Hampshires high median income is its poverty rate, which is the lowest in the nation. Only 6.9 percent of the states residents live below the poverty line, compared with a national average of 13.7 percent (in Mississippi nearly 21 percent of people live in poverty).

New Hampshires workforce is also among the best-educated in the country, according to previously released census data. Better-educated workers tend to make more money.

New Hampshire also has a very low level of inequality.

Of course its silly to argue that affluence causes addictioncorrelation doesnt prove causation.  But its eq...

14:58

I find it remarkable that cement is exported at all Marginal REVOLUTION

Below are the 15 countries that exported the highest dollar value worth of cement during 2016:

  1. China: US$692.4 million (7.6% of total cement exports)
  2. Thailand: $612.2 million (6.8%)
  3. United Arab Emirates: $544.4 million (6%)
  4. Turkey: $494.8 million (5.5%)
  5. Germany: $486.3 million (5.4%)
  6. Spain: $477.3 million (5.3%)
  7. Vietnam: $403 million (4.4%)
  8. Japan: $391.3 million (4.3%)
  9. Canada: $368.7 million (4.1%)
  10. India: $267 million (2.9%)
  11. Greece: $248.6 million (2.7%)
  12. Senegal: $209 million (2.3%)
  13. United States: $205.9 million (2.3%)
  14. Pakistan: $185.6 million (2%)
  15. South Korea: $162.9 million (1.8%)

Here is the link.

The post I find it remarkable that cement is exported at all appeared first on Marginal REVOLUTION.

14:20

The Golden Solution to Americas Debt Crisis The Daily Coin

The Golden Solution to Americas Debt Crisis by Jim Rickards Daily Reckoning Right now, the United States is officially $20 trillion in debt. Over half of that $20 trillion was added over the past decade. And it looks like...

The post The Golden Solution to Americas Debt Crisis appeared first on The Daily Coin.

14:00

GDP Is Revised Much Lower As Economic Indicators Worsen (Video) The Daily Coin

GDP Is Revised Much Lower As Economic Indicators Worsen Video X22 Report UMich consumer confidence slides as people lose hope. Retails sales decline, the biggest drop in the last 6 months. Almost 100 million people living paycheck to paycheck....

The post GDP Is Revised Much Lower As Economic Indicators Worsen (Video) appeared first on The Daily Coin.

13:45

Jacob Lindsey: NFL Hopeful from Harvard on Why He Loves Austrian Economics Mises Wire

By: Jeff Deist, Jacob Lindsey
Jacob Lindsey on Mises Weekends

Jake Lindsey is a brilliant young Harvard grad who majored in economics. His favorite thinkers? Ludwig von Mises and Murray Rothbard. But unlike most young fans of the Mises Institute, Jake was a dominant linebacker for the Harvard Crimson who attracted the attention of scouts from the Buffalo Bills. He's fresh off a pre-season tryout and looking to start a career in the NFL. Jake joins Jeff for a candid interview about his two passions, football and Austrian economics.



13:40

SWINDLING FUTURITY The Daily Coin

SWINDLING FUTURITY by Jim Quinn The Burning Platform The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale. Thomas Jefferson Yesterday the government reported a...

The post SWINDLING FUTURITY appeared first on The Daily Coin.

13:38

The Petrodollar Doomsday Clock Just Ticked Closer To Midnight Political Vel Craft

Dont be Duped! [I do not believe the East will go along with the IMF running the show using the SDR.  I want to point out; the IMF was originally a U.S. led creation whereby the U.S. had and has control via its veto power.  How exactly does changing from one paper currency to another change []

13:30

Peak Prosperity News Update 091517 (Video) The Daily Coin

Peak Prosperity News Update 091517 (Video) Chris Martenson dot com Video Source

The post Peak Prosperity News Update 091517 (Video) appeared first on The Daily Coin.

13:30

Week in Review: September 16, 2017 Mises Wire

By: Mises Institute
Week in Review image

As Ron Paul once wrote, "politicians who compromise and seek bipartisanship are the most dangerous among the entire crew in Washington." This week Trump began making his Clinton-esque pivot toward being such a president, making deals with Nancy Pelosi and Chuck Schumer on the debt ceiling and immigration. Along with the neocon's victories over foreign policy realists and Trump's embrace of an activist Fed, any hopes of draining the swamp are long dead.

Luckily, however, nullification is still alive and well.

On Mises Weekends, Jeff is joined by former Harvard Crimson and Bills linebacker Jake Lindsey. Fresh off a pre-season tryout and looking to continue a career in the NFL, Jake joins Jeff for a candid interview about his two passions, football and Austrian economics.

And in case you missed them, here are this weeks Mises Wire and FedWatch articles, covering a wide array of topics:

To Combat "Hate," Make Government Weaker Mises Wire

By: Justin Murray
police.PNG

On 18 August 2017, the mayor of Boston Marty Walsh announced that the city should avoid the Commons on 19 August 2017 because of white supremacists and the chances of violence at a planned free speech rally. Predictably, thousands of people showed up to protest this group based on the words of the mayor. The mayor was rather unambiguous, The courts have made it abundantly clear. They have the right to gather, no matter how repugnant their views are. But they dont have the right to create unsafe conditions. They have the right to free speech. In return, they have to respect our city. The mayor said that unpleasant white supremacists were going to show up and spout hateful rhetoric, so avoid it at all costs so you arent subject to these repugnant views.

The problem here? To put it in the words of one very confused protester that was interviewed by the Boston Globe, Excuse me sir, where are the white supremacists? As it turns out, this hate speech movement that Mayor Walsh was warning everyone about was a simple campaign stump speech by a Republican candidate for the Massachusetts State Senate. Who was this despicable white supremacist? Indian-American Shiva Ayyadurai. While his profile does have some bizarre claims, mainly his claim that he invented e-mail, this isnt any stranger than claims many other politicians make and nothing in his background seems to indicate any form of racial animosity or racial supremacist beliefs, white or otherwise. If anything, his views indicate the opposite as he accuses the US of operating a caste system where academics and politicians take the role of the Brahmin in India and is anti-GMO. These are hardly hallmarks of a right-wing belief structure and have far more in common with the American left.

Further, this is the speech he made. To cap it off, he was flanked by people holding Black Lives Do Matter signs and a woman protesting GMO food. This is a twist that was comical years ago when done on the Dave Chappelle Show, but it loses a bit of its comedy when we fast forward to 2017 and people are actually taking this as gospel, carving out time on a Saturday to yell down a few odd ducks &mdas...

13:20

Bitcoin and Gold The Daily Coin

Bitcoin and Gold from Schiff Gold Its been a bad week for Bitcoin. The price of the cryptocurrency continued its free-fall after one of the largest exchanges in China announced it was shutting down. This follows on the heels of...

The post Bitcoin and Gold appeared first on The Daily Coin.

13:00

Danielle DiMartino Booth: Main St is FED UP w/ Status Quo in DC, Central Bankers & Bailouts! (Video) The Daily Coin

Danielle DiMartino Booth: Main St is FED UP w/ Status Quo in DC, Central Bankers & Bailouts! Video Wall St for Main St Jason Burack of Wall St for Main St interviewed returning guest, former Dallas Federal Reserve insider,...

The post Danielle DiMartino Booth: Main St is FED UP w/ Status Quo in DC, Central Bankers & Bailouts! (Video) appeared first on The Daily Coin.

12:40

Stossel, Moen Weigh In on Bank of Canada Free Market Economist, Alt-media Ban The Daily Coin

Stossel, Moen Weigh In on Bank of Canada Free Market Economist, Alt-media Ban by Peter Diekmeyer Sprott Money Criticism continues to mount in the wake of the Bank of Canadas exclusion of free market economists and the two-tier media...

The post Stossel, Moen Weigh In on Bank of Canada Free Market Economist, Alt-media Ban appeared first on The Daily Coin.

12:20

Doug Caseys Top Eight Speculations for Right Now The Daily Coin

Doug Caseys Top Eight Speculations for Right Now by Doug Casey  International Man Its a good idea to keep the Big Picture in mind, even while going about business as usual. Heres a very brief overview, going from 30,000 feet right...

The post Doug Caseys Top Eight Speculations for Right Now appeared first on The Daily Coin.

12:00

A New Monetary Horizon In View, an Interview with Jim Willie Pts 1 & 2 (Video) The Daily Coin

A New Monetary Horizon In View, an Interview with Jim Willie Pts 1 & 2 Video Perpetual Assets Part 1 Part 2

The post A New Monetary Horizon In View, an Interview with Jim Willie Pts 1 & 2 (Video) appeared first on The Daily Coin.

11:40

Venezuela Just Stopped Accepting US Dollars For Oil As Countries Join Forces To Kill US Petrodollar The Daily Coin

Venezuela Just Stopped Accepting US Dollars For Oil As Countries Join Forces To Kill US Petrodollar by Jay Syrmopoulos  Activist Post In what is the latest move to undermine the imperial world order maintained by the United States, which is underpinned...

The post Venezuela Just Stopped Accepting US Dollars For Oil As Countries Join Forces To Kill US Petrodollar appeared first on The Daily Coin.

11:30

Doug Casey: Bitcoin is Going to Drive Gold & Silver to All Time Highs (Video) The Daily Coin

Doug Casey - On Prospecting the Worlds Regions

Doug Casey: Bitcoin is Going to Drive Gold & Silver to All Time Highs Video Palisade Radio Doug discusses the commodity markets and why the most important thing is what they do cyclically. Most commodities are down 50% since...

The post Doug Casey: Bitcoin is Going to Drive Gold & Silver to All Time Highs (Video) appeared first on The Daily Coin.

11:20

Greyerz and Boockvar Weigh In On The Pullback In Gold And What Investors Should Expect Next The Daily Coin

Greyerz and Boockvar Weigh In On The Pullback In Gold And What Investors Should Expect Next from King World News As the war in the gold and silver markets continues to rage and the dollar struggles, here are two of...

The post Greyerz and Boockvar Weigh In On The Pullback In Gold And What Investors Should Expect Next appeared first on The Daily Coin.

11:17

Smart Strategies For Building & Managing Your Cash Savings Peak Prosperity

Smart Strategies For Building & Managing Your Cash Savings

Executive Summary

  • Is it better to hold cash in savings/checking accounts, or securities accounts?
  • Where will the dollar likely from here?
  • What will likely happen with retirement accounts?
  • Ways to diversify your cash risk

If you have not yet read Part 1: The Cardinal Sin Of Investing: Permanent Impairment Of Capital available free to all readers, please click here to read it first.

The Role Of Cash In The Informal Economy

In stagnating formal economies burdened by over-regulation, high taxes and financialization, one of the few bright spots for employment and entrepreneurism is the informal or cash economy.  The more stultified and elite-dominated the economy, the larger and more vibrant the informal economy.  In some highly regulated, high-tax European nations, up to 30% of the economic activity is underground/cash.

The elimination of central bank currency will not eliminate the informal economy. Rather, the participants in this sector will adopt non-central bank issued forms of cashprecious metals, coins, other nations paper money, perhaps even digital currencies such as bitcoin or its gold-linked cousins (Bitgold, etc.)

Those with little income often do not have bank accounts, as the fees are costly. Eliminating cash will hit the poor who earn money in the informal economy especially hard. Though the poor are essentially powerless in our influence-is-auctioned-to-the-highest-bidder system, this could change once the working poor who benefit from the cash economy are pushed even deeper into poverty by the banning of cash.

That might spark...

Join the conversation

...

11:17

The Cardinal Sin Of Investing: Permanent Impairment Of Capital Peak Prosperity

Permanent Impairment Of Captial: The Cardinal Sin Of Investing

Permanent impairment of capital is the cardinal sin of investing.

Well, today's markets present a clear and present danger of coming capital impairment for those who don't take prudent action in advance of a market downturn. Don't be guilty of inaction.

 

Join the conversation

11:00

Syrian War Report: ISIS On Run In Deir Ezzor Countryside (Video) The Daily Coin

Syrian War Report: ISIS On Run In Deir Ezzor Countryside Video South Front Video Source

The post Syrian War Report: ISIS On Run In Deir Ezzor Countryside (Video) appeared first on The Daily Coin.

10:40

Cannabis beats incurable brain tumor after chemo fails The Daily Coin

Cannabis beats incurable brain tumor after chemo fails by: Tracey Watson  Natural News A Scottish woman given just months to live back in 2013 claims that she has cannabis oil to thank for the fact that she has been in remission for...

The post Cannabis beats incurable brain tumor after chemo fails appeared first on The Daily Coin.

10:20

South Korean Preppers: Government Instructs Citizens How to Get Ready for War The Daily Coin

South Korean Preppers: Government Instructs Citizens How to Get Ready for War by Daisy Luther The Organic Prepper The government of South Korea is making every effort to turn its citizens into a country of survivalists. With the ever-increasing...

The post South Korean Preppers: Government Instructs Citizens How to Get Ready for War appeared first on The Daily Coin.

09:40

Gold: Money of Kings, Yesterday and Today The Daily Coin

Gold: Money of Kings, Yesterday and Today by Rory The Daily Coin Gold is money and everything else is credit. Once you understand this you will never be poor again. ~JP Morgan All over the world archeologist find great...

The post Gold: Money of Kings, Yesterday and Today appeared first on The Daily Coin.

09:17

No. 910: August 2017 Retail Sales and Industrial Production Shadow Government Statistics

(SGS Subscription required) Net of Hurricane Harvey Effects, Headline Economic Numbers Still Were Miserable, Suggestive of Recession Hurricane Impact on August Activity: Mixed, Probably Net-Neutral for Retail Sales; Accounted for 0.75% (-0.75%) of the 0.90% (-0.90%) Drop in Monthly Production August Real Retail Sales Declined by 0.61% (-0.61%) in the Month, Plunged by 1.24% (-1.24%) Net of Downside, Prior-Period Revisions Third-Quarter Real Retail Sales Are Contracting at an Early (Two-Month) Annualized Pace of 0.4% (-0.4%) Ex-Hurricane, August Industrial Production Declined by 0.15% (-0.15%) In the Dominant but Still-Faltering Manufacturing Sector of Production: A Record 116 Months of Continued Non-Expansion, with No End in Sight

08:40

I Found $35,000 in My Attic The Daily Coin

I Found $35,000 in My Attic by Jimmy Mengel  Outsider Club Like most people, my attic is filled with all kinds of worthless knick-knacks, tchotchkes, and trinkets from my decades on Earth I have a stable of old guitars, crates of old...

The post I Found $35,000 in My Attic appeared first on The Daily Coin.

08:30

Goldman's Tousley on Global Economic Expansion, International Small Caps Financial Sense

FS Staff Financial Sense Newshour recently interviewed John Tousley, Head of US Market Strategy at Goldman Sachs Asset Management, on their Q3 2017 Market Know-How report regarding the global economic expansion underway, how this could turn out to be...

08:20

Hey Advertisers: The Data-Mining Emperor Has No Clothes The Daily Coin

Hey Advertisers: The Data-Mining Emperor Has No Clothes by Charles Hugh Smith Of Two Minds When a big advertiser pulls its online adverts and its sales remain unchanged, that tells everyone whos paying attention something important.  Its an article...

The post Hey Advertisers: The Data-Mining Emperor Has No Clothes appeared first on The Daily Coin.

08:00

URGENT! Identity Theft Insurance FREE (Video) The Daily Coin

URGENT! Identity Theft Insurance FREE Video Bill Still On Sean Hannitys show last night, Col. Oliver North confirmed what we have suspected for several weeks that the U.S. military now has operational either a new rail-gun weapon,...

The post URGENT! Identity Theft Insurance FREE (Video) appeared first on The Daily Coin.

07:49

The Silver Chart is SCARIER Than The SCARIEST HORROR MOVIE Max Keiser and Stacy Herbert

The silver chart on the weekly has taken a page from the scariest of horror movies. We know whats behind the door, and we know the fate it brings us:

When silver finishes making a run on the weekly, bad things happen. Said differently, get ready for the cartel to bring down the hammer on Sunday. Going back three years, we can see that every time that silver has a run-up, without fail, the next two weeks are lower, and more often than not, lower as in the start of the slow, unbearable grind down.

Putting it into perspective, we know that the primary silver miners did not fair well last quarter, but now First Majestic is off its lows and has found support at $7:

This is important because it shows that the smash move in silver is a little on the too much side at this point, even for the cartel. We would likely see the miners break down further next week, or a silver rally (which the ominous technical chart doesnt support) or a silver price consolidation (which has been missing all year).

Just like we said on Monday, however, it was in the best interest of the cartel not to spook the markets, as indicated by the absence of Fed speeches, and the prepping of the markets (a.k.a. suppress gold & silver prices) to close the week exactly where they want them going into FOMC that ends with a Janet Yellen press conference.

This week It was mission accomplished.

We do note the divergence is just as wide in the under-performance of silver relative to gold as it has been since April:

Both metals were pummeled with a steady barrage all week long.  Heres how it looked in gold:

The cartel wa...

07:40

Noah Smith: Digital currencies wont kill the dollar but still may change the world The Daily Coin

Noah Smith: Digital currencies wont kill the dollar but still may change the world by Chris Powell GATA By Noah Smith Bloomberg News Friday, September 15, 2017 Jamie Dimon, the CEO of JPMorgan Chase & Co., recently slammed bitcoin...

The post Noah Smith: Digital currencies wont kill the dollar but still may change the world appeared first on The Daily Coin.

07:35

Jims Mailbox Jim Sinclair's Mineset

Jim/Bill, This means that the bull market in gold and silver is starting! CIGA GG Markets Are Wrong: Hugh Hendry Shuts Down His Hedge Fund; Here Is His Farewell Letter September 15, 2017 In the beginning, Hugh Hendry was the consummate contrarian bear, which helped him make a killing a decade ago when everyone else... Read more

The post Jims Mailbox appeared first on Jim Sinclair's Mineset.

07:30

Bob Moriarty Bitcoin to Zero (Video) The Daily Coin

Bob Moriarty Bitcoin to Zero Video Proven and Probable Video Source

The post Bob Moriarty Bitcoin to Zero (Video) appeared first on The Daily Coin.

07:20

Turmeric confirmed again to dramatically reduce aches and pains in joints The Daily Coin

Turmeric confirmed again to dramatically reduce aches and pains in joints by: Frances Bloomfield  Natural News Turmeric is a superfood that has long been hailed for its numerous health benefits, which many people swear by. English television presenter and journalist Kate Quilton...

The post Turmeric confirmed again to dramatically reduce aches and pains in joints appeared first on The Daily Coin.

07:00

Day 330.1 Twas Brillient With Smithly Awans (Video) The Daily Coin

Day 330.1 Twas Brillient With Smithly Awans Video George Webb Video Source

The post Day 330.1 Twas Brillient With Smithly Awans (Video) appeared first on The Daily Coin.

07:00

Succinct Summation of Weeks Events 9.15.17 The Big Picture

Succinct Summations for the week ending September 15th, 2017 Positives: 1. S&P500, Dow Jones Industrial Average, and NASDAQ Composite all made new all-time highs. 2. Consumer prices rose 0.4% m/o/m, above expectations for the first time since February. Core rose 0.2%, in line with expectations. 3. Job openings rose to a higher than expected 6.17 million,

Read More

The post Succinct Summation of Weeks Events 9.15.17 appeared first on The Big Picture.

...

06:50

Psychological Silver Price Manipulation! Inflation Roars Back To Life! (Video) The Daily Coin

Psychological Silver Price Manipulation! Inflation Roars Back To Life! Video Silver Report Psychological silver price manipulation does not void the true value of silver and Gold. Silver price manipulation and the scale of the involvement points to the extreme...

The post Psychological Silver Price Manipulation! Inflation Roars Back To Life! (Video) appeared first on The Daily Coin.

06:40

5 Stealth Native American Skills That No One Else Has Mastered The Daily Coin

5 Stealth Native American Skills That No One Else Has Mastered by: Tammy Robinson  Off the Grid News Whether is was a matter of sneaking up on prey to catch their next meal, sniffing out enemies who might be nearby so...

The post 5 Stealth Native American Skills That No One Else Has Mastered appeared first on The Daily Coin.

06:20

Security Contractors: Clinton State Dept. Silenced Us On Benghazi Security Lapses The Daily Coin

Security Contractors: Clinton State Dept. Silenced Us On Benghazi Security Lapses by Tim Brown Freedom Outpost Two men from security contractor Advanced Enterprise Solutions said that they were told to be quiet by a bureaucrat under the direction of...

The post Security Contractors: Clinton State Dept. Silenced Us On Benghazi Security Lapses appeared first on The Daily Coin.

06:00

Rogue Mornings The Right Reacts, Pentagon Weapons & Obama is Back (Video) The Daily Coin

Rogue Mornings The Right Reacts, Pentagon Weapons & Obama is Back Video Language Alert Video Source

The post Rogue Mornings The Right Reacts, Pentagon Weapons & Obama is Back (Video) appeared first on The Daily Coin.

05:40

Yesterdays Watershed Central Bank Announcement Which Everybody Missed The Daily Coin

Western Banking System Is Totally Broken, Totally Insolvent, Totally Corrupt

Yesterdays Watershed Central Bank Announcement Which Everybody Missed from ZeroHedge In what may have been a watershed moment in monetary policy which awkwardly was missed by almost everyone as a result of the concurrent launch of the latest North...

The post Yesterdays Watershed Central Bank Announcement Which Everybody Missed appeared first on The Daily Coin.

05:40

Is a Tsunami of Inflation Just Around the Corner? The Daily Coin

Is a Tsunami of Inflation Just Around the Corner? by Graham Summers Gains Pains Capital The $USD continues to collapse. As we write this, it has taken out critical support and is well on its way to unwinding ALL...

The post Is a Tsunami of Inflation Just Around the Corner? appeared first on The Daily Coin.

05:34

Is Social Media a Failure? Stories by umair haque on Medium

A Tiny Case Study in Economics vs Eudaimonia

They say theres no such thing as bad publicity, but social media companies might yet prove that old dictum untrue. Theyve made headlines daily lately, in a fairly appalling way. Facebook selling anti-semitic ads, swaying an election with fake news, Twitter being a platform for extremists. And so on.

So. A tough but necessary question: is social media a failure? Lets think about it for a moment, not with condemnation, blame, or shame, but just clarity, purpose, and understanding.

The economics of social media are stellar. Facebook earns piles of cash. Twitter isnt as successful, but its still a publicly traded companya billion dollar tale of modern-day fortune.

But the eudaimonics of social media are dismal. By eudaimonics, I refer to eudaimonia, or well-being, wealth, and human possibilitywhether or not a thing helps us live genuinely better lives. Let me explain.

What effect does social media have on people? Theres plenty of research concluding Facebook makes us unhappyand the longer that we spend on it, the unhappier, more depressed, anxious, angry, jealous we get. Conversely, if we take a break, our happiness soon rebounds. We can probably surmise that most social media, Twitter, Snap, whatever, has a similar effect. It reduces peoples social and emotional well-being pretty sharply and immediately.

Now, you might say, so what? Dont a lot of things make us unhappy? Sure they do. But they have a long-term point. Getting an education is painful, but in the long term, it elevates well-being. Youre smarter, wiser, wholer, better in many ways. The same probably isnt true of social media. Its not an education, its barely even entertainment. So its net effect on individual well-being is probably needlessly, uselessly negative.

Now lets think about social medias effects on a very different kind of well-being: civic and social well-being, what you might think of as trust and democracy. Thats what the latest hullabaloo is about: by selling ads that sway elections in illicit and unfair ways, Facebooks corroding democracy. This effect goes deeper. Misinformation is a kind of illth, or negative wealth (just like information is a kind of positive wealth). It wont just dry up and go awayhappiness rebounds if you take a break, but this doesnt. Like air pollution, antiobiotic resistance, or toxic waste, it lingers. Until and unless someone cleans it up.

Happiness rebounding is a short-term effectbut illth reduces well-being over the long...

05:20

British Police Treat London Tube Station Incident as Terrorism; 18 Hospitalized The Daily Coin

British Police Treat London Tube Station Incident as Terrorism; 18 Hospitalized from Sputnik News UK police have declared the reported blast inside Londons Parsons Green tube station a terrorist incident. Police said several people were injured after what was described as white...

The post British Police Treat London Tube Station Incident as Terrorism; 18 Hospitalized appeared first on The Daily Coin.

05:15

Dont Do It, Donald! David Stockman's Contra Corner

When we checked into this morning's rather punk August retail sales number (down 0.2% from July), we were again reminded of how the Fed's money printing spree of the last two decades is so not working.

05:00

Bitcoin A Fraud? How About The US Dollar..Gold & Silver Fakery (Video) The Daily Coin

Bitcoin A Fraud? How About The US Dollar..Gold & Silver Fakery Video Gregory Mannarino Video Source

The post Bitcoin A Fraud? How About The US Dollar..Gold & Silver Fakery (Video) appeared first on The Daily Coin.

04:40

Gold Up, Markets Fatigued As War Talk Boils Over The Daily Coin

Gold Up, Markets Fatigued As War Talk Boils Over by Jan Skoyles GoldCore North Korea threatens to reduce the U.S. to ashes and darkness Markets becoming used to ongoing provocations from North Korea Russia and China continue to support...

The post Gold Up, Markets Fatigued As War Talk Boils Over appeared first on The Daily Coin.

04:27

Daily Digest 9/15 - Good News Friday: The Cassini spacecraft crashed into Saturn, Nun With A Chainsaw Becomes Symbol Of Post-Irma Cleanup Peak Prosperity

Daily Digest 9/15 - Good News Friday: The Cassini spacecraft crashed into Saturn, Nun With A Chainsaw Becomes Symbol Of Post-Irma Cleanup
  • 99-year-old grandpa still works on the family farm, providing an example for his kids and grandkids
  • The Cassini spacecraft crashed into Saturn, ending a successful 20-year mission
  • Bank Wants to Help Customers Affected by Hurricane, Waives 3 Big Fees in Florida
  • Nun With A Chainsaw Becomes Symbol Of Post-Irma Cleanup: 'She Rocks'
  • West Virginia House Unanimously Approves Commercial Hemp Farming
  • After the Hurricane, Solar Kept Florida Homes and a City's Traffic Lights Running
  • The Majestic Long-Endangered Snow Leopard is Not Endangered Anymore

Join the conversation

04:20

US Seeks to Monopolize Cyberwarfare The Daily Coin

US Seeks to Monopolize Cyberwarfare by Ulson Gunnar Journal-NEO The use of information to enhance martial power goes back to the beginning of human civilization itself, where propaganda and psychological warfare went hand-in-hand with slings, arrows, swords and shields....

The post US Seeks to Monopolize Cyberwarfare appeared first on The Daily Coin.

04:03

Food stamps and crime Marginal REVOLUTION

We find that staggering SNAP benefits throughout the month leads to a 32 percent decrease in grocery store theft and reduces monthly cyclicity in grocery store crimes.

That is by Jillian B. Carr and Analisa Packham (pdf), via Alexander Berger.

The post Food stamps and crime appeared first on Marginal REVOLUTION.

04:00

Protestors Arrested After Clash With Ben Shapiro Supporters At Berkeley (Video) The Daily Coin

Protestors Arrested After Clash With Ben Shapiro Supporters At Berkeley Video We Are Change In this video, Luke Rudkowski of WeAreChange gives you the latest breaking news on the events unfolding right now at the university of Berkeley as...

The post Protestors Arrested After Clash With Ben Shapiro Supporters At Berkeley (Video) appeared first on The Daily Coin.

03:40

S&P 500 At New Record High, Will It Break Above 2,500? The Daily Coin

S&P 500 At New Record High, Will It Break Above 2,500? PAUL REJCZAK Sunshine Profits Briefly: Intraday trade: Our yesterdays neutral intraday outlook has proved accurate. The S&P 500 index fluctuated within a relatively narrow trading range following Tuesdays advance....

The post S&P 500 At New Record High, Will It Break Above 2,500? appeared first on The Daily Coin.

03:30

Interpreters Are Bringing a Radical Approach to Language Access Grassroots Economic Organizing

Some have found that interpretation is a natural part of their political work. That was the experience of Catalina Nieto, an immigrant from Colombia who started conducting bilingual meetings while doing immigrant rights organizing in Nashville, Tennessee. Two others, Maria Garcia and Telesh Lopez, volunteered with Domestic Workers United before starting a collective called Caracol Language Coop.

Tijerina, who interprets American Sign Language and Spanish, says he began to inject political ideas into his practice while working at Highlander Research and Education Center. I didnt change the mechanics on a basic level, but I gained a greater understanding of the role of the interpreter and the politics involved, he says. He went on to develop an interpreting for social justice workshop that has helped shape the careers of many. Says alumnus Salem Acua, It made me think critically about the power dynamics that come with language access.

Read the rest at Colorlines

 

Go to the GEO front page

03:28

LBMA Silver to be PRICED IN Russian Rubles and Chinese Yuan The Daily Coin

LBMA Silver to be PRICED IN Russian Rubles and Chinese Yuan from Silver Doctors ON SEPTEMBER 25th, 2017, London silver will be priced in RUBLES, ONSHORE AND OFFSHORE YUAN, Rupees, and other currencies as sweeping changes are beginning now. Heres the details so far There are...

The post LBMA Silver to be PRICED IN Russian Rubles and Chinese Yuan appeared first on The Daily Coin.

03:27

Boston Communities Unite to Democratize Their Economy Grassroots Economic Organizing

I like the idea of changing the capitalistic way of doing things now, getting our own power, funding businesses out of our own pool of resources, says Perry, who works at City Life Vida Urbana, a housing justice organization in Boston. Im an optimist. I think things can change. I think in order to do it you have to be proactive. So Im for it and Im willing to take the steps to help it move.

The gathering was the founding general assembly of the Boston Ujima Project, a democratically governed organization with a mission to build a community-controlled economy in Bostons working-class communities of color. The assembly was the culmination of several years of community organizing with a wide array of housing justice groups, civil rights groups, local unions, investors and others. Ujima (oo-JEE-mah) is a Swahili word, and one of the principles celebrated in the festival of Kwanzaa. It means collective work and responsibility.

Read the rest at Next City

 

Go to the GEO front page

03:20

Outlook for the dollar price of gold The Daily Coin

Outlook for the dollar price of gold by Alasdair Macleod GoldMoney Now that gold has become overbought on Comex, the price is vulnerable to being trashed, yet again, by the too-big-to-fail banks. It is a familiar operation in gold...

The post Outlook for the dollar price of gold appeared first on The Daily Coin.

03:00

Stock Market Participation Varies Greatly by State The Big Picture

From Torsten Slk: In Vermont almost 50% of households that make between $100,000 and $200,000 own stocks. For similar households in Louisiana, Mississippi, Nevada, Utah, and West Virginia the stock ownership percentage is closer to 30%, see chart below. Source: Torsten Slk, Deutsche Bank via St Louis Fed   See Also: Regional Economist

The post Stock Market Participation Varies Greatly by State appeared first on The Big Picture.

03:00

Gold, the Pound and the UK Debt Mountain (Video) The Daily Coin

Gold, the Pound and the UK Debt Mountain Video maneco64 In this report I look at the early market action from London on Friday, September 15th, 2017. I also focus on the gold price in pounds and look at...

The post Gold, the Pound and the UK Debt Mountain (Video) appeared first on The Daily Coin.

02:52

September 15: Daily Contrarian Reads David Stockman's Contra Corner

My daily contrarian reads for Friday, September 15th, 2017.

02:30

Is China Killing Crypto? No. This Is What Is Happening Financial Sense

By ValueWalk The world of cryptocurrencies is in the midst of a tornado just now. Since the beginning of September, total cryptocurrency market capitalization is down by US$60 billion to around US$109 billion.

With a Central Bank, Bank "Deregulation" Can Be a Bad Thing Mises Wire

By: Frank Shostak
bank.PNG

Leading Federal Reserve policymaker Stanley Fischer has hit out at plans to unwind banking regulation, calling it a "terrible mistake."

President Donald Trump and republican politicians have advocated the repeal of Dodd Frank, a major piece of post-crisis legislation, and the loosening of some capital and liquidity requirements in a bid to ease banks' ability to lend.

In an interview with the Financial Times on August 16, 2017, Fischer said that loosening capital and liquidity requirements is dangerous and could lead to a new economic crisis. "I find that really, extremely dangerous and extremely short-sighted."

While Fischer is not a friend of a free market, in this case I am in agreement with Fischers comment.

A True Free Financial Environment vs A Central-Bank Controlled Financial System 

The proponents for less control in financial markets hold that fewer restrictions imply a better use of scarce resources, which leads to the generation of more real wealth.

It is true that a free financial environment is an agent of wealth promotion through the efficient use of scarce real resources, while a controlled financial sector stifles the process of real wealth formation. The proponents of deregulated financial markets have overlooked the fact that the present financial system has nothing to do with a free market. What we have at present is a financial system within the framework of the central bank, which promotes monetary inflation and the destruction of the process of real wealth generation through fractional reserve banking. In the present system the more unrestricted the banks are the more money out of thin air generated and hence greater damage inflicted upon the wealth generation process. (With genuine free banking (i.e., the absence of the central bank) the potential for the creation of money out of thin air is minimal).

Prior to the 1980s financial de-regulation, we had controlled banking where the central bank tightly supervised banks conduct. Within this type of environment, banks profit margins were nearly predetermined (the Fed imposed interest rate ceilings and controlled short-term interest rates) hence; the life of the banks was quite easy, although boring. The introduction of financial de-regulations and the dismantling of the Glass Steagall Act changed all that. The de-regulated environment resulted in fierce competition between banks.

The previous profit margins came under pressure and this called for an increase in volumes of lending in order to maintain the level of profits. In the present central banking f...

02:20

The Derivatives Bomb That Could Wipe Out Your Wealth (Video) The Daily Coin

The Derivatives Bomb That Could Wipe Out Your Wealth Video Mike Maloney GoldSilver As high and obscene as the US national debt is, its lint on your shirt compared to the size of derivatives. Derivatives have become so large,...

The post The Derivatives Bomb That Could Wipe Out Your Wealth (Video) appeared first on The Daily Coin.

02:00

ANTI-GOLD PUPPET NOW PREDICTS GOLD WILL SOAR! Kranzler (Video) The Daily Coin

ANTI-GOLD PUPPET NOW PREDICTS GOLD WILL SOAR! Kranzler Video SGTReport TDC Note What is being overlooked, as much as I cant stand Jeff Christian, his predictions have been very good he has an inside view so...

The post ANTI-GOLD PUPPET NOW PREDICTS GOLD WILL SOAR! Kranzler (Video) appeared first on The Daily Coin.

01:40

Visualizing The Side Hustle Economy: 25 Ways To Make Extra Dough The Daily Coin

Visualizing The Side Hustle Economy: 25 Ways To Make Extra Dough from ZeroHedge TDC Note I love this!! Their are some great ideas listed below. If you have been thinking about how you can move from the J.O.B. that...

The post Visualizing The Side Hustle Economy: 25 Ways To Make Extra Dough appeared first on The Daily Coin.

01:30

US: Why Trump Blocked a Semiconductor Company Takeover Financial Sense

By Stratfor US President Donald Trump has stopped a foreign investment into a US company. On Sept. 13, Trump blocked Canyon Bridge Capital Partners' proposed purchase of Lattice Semiconductor Corporation for $1.3 billion,

Gold Price Falls, Sinks vs UK Pound Despite N.Korea Missile, London Bomb + Spain's Catalonia Crisis Financial Sense

By Adrian Ash Gold price gains of 1.6% from last week were again erased Friday in London, as the outlook for interest-rate hikes trumped new geopolitical tensions led by another weapons test by the pariah state of North Korea.

Government Nearing Default on Debt to Russia Financial Sense

By Independent Institute The government in question is that of Venezuela, which is nearing default as it is running out of resources to pay back the money it owes to its Russian creditors according to the terms it accepted when it...

01:20

The Beauty of Money The Daily Coin

The Beauty of Money by Rory The Daily Coin The feature image above is called The Hand of Faith and was uncovered in Australia. I opened my first art studio in 1989. I had no idea what I was...

The post The Beauty of Money appeared first on The Daily Coin.

01:00

Tax Deal With Dems Wont Stimulate Growth (Video) The Daily Coin

Tax Deal With Dems Wont Stimulate Growth Video Peter Schiff Video Source

The post Tax Deal With Dems Wont Stimulate Growth (Video) appeared first on The Daily Coin.

00:39

North Korea Fires Another, China US Trade Friction, Dollar Negative News The Daily Coin

North Korea Fires Another, China US Trade Friction, Dollar Negative News by Greg Hunter USA Watchdog North Korea (NK) has done it again and has fired another ballistic missile over the top of Japan. NK is extremely upset over...

The post North Korea Fires Another, China US Trade Friction, Dollar Negative News appeared first on The Daily Coin.

00:25

Ripping up the Yellow Pages naked capitalism

Bye bye Yellow Pages....you will be missed.

00:20

No Stopping Washingtons Debt Bomb Express The Daily Coin

No Stopping Washingtons Debt Bomb Express by Bill Bonner Bonner and Partners Yea, though I walk through the valley of the shadow of death, I will fear no evil: for thou art with me; thy rod and thy staff...

The post No Stopping Washingtons Debt Bomb Express appeared first on The Daily Coin.

00:00

NEWS AND VIEWS FROM THE NEFARIUM 091417 (Video) The Daily Coin

NEWS AND VIEWS FROM THE NEFARIUM 091417 Video Giza Death Star Dr. Joseph P. Farrell King Salman Bin Abdulaziz al Saud and Vladimir Putin to hold summit in Moscow Video Source

The post NEWS AND VIEWS FROM THE NEFARIUM 091417 (Video) appeared first on The Daily Coin.

Friday, 15 September

23:40

Another Batchleor-Cohen Update (Podcast) The Daily Coin

Another Batchleor-Cohen Update Podcast With the New Cold War currently pushed from the front pages, John and Steve took time last evening to continue our course in Russian history and Russian studies. From a historical sense, is Russia a part of...

The post Another Batchleor-Cohen Update (Podcast) appeared first on The Daily Coin.

23:30

#Resisting With Your Portfolio The Big Picture

  Josh Brown is the Chief Executive Officer at RWM. He has spent his career helping people invest and manage portfolios. Josh writes at The Reformed Broker blog, where he covers the financial services industry like no one else. ~~~     We have become great because of the lavish use of our resources. But the time

Read More

The post #Resisting With Your Portfolio appeared first on The Big Picture.

...

23:20

U.S. Pharmaceutical Industry Reveals Its Latest Rent-Seeking Swindle The Daily Coin

U.S. Pharmaceutical Industry Reveals Its Latest Rent-Seeking Swindle by Michael Krieger Liberty Blitzkrieg For as long as Ive been writing on this website, Ive argued that the U.S. economy has become little more than a gigantic rent-seeking swindle where...

The post U.S. Pharmaceutical Industry Reveals Its Latest Rent-Seeking Swindle appeared first on The Daily Coin.

23:00

Peter SchiffMother of all Financial Cyclones About to Make Landfall (Video) The Daily Coin

Peter SchiffMother of all Financial Cyclones About to Make Landfall Video Peter Schiff Peter Schiff joined us to discuss the latest developments in the economic landscape. Contrary to MSM opinion, the crash of 2008 was only a precursor to...

The post Peter SchiffMother of all Financial Cyclones About to Make Landfall (Video) appeared first on The Daily Coin.

22:42

Is the great wage stagnation over? Marginal REVOLUTION

Possibly so, though some more good years would be nice, to say the least.  To some extent this could be noise, or delayed catch-up growth.  Still, there seems to be a break in the previous trend:

In 2015, median household incomes rose by 5.2 percent. That was the fastest surge in percentage terms since the Census Bureau began keeping records in the 1960s. Women living alone saw their incomes rise by 8.7 percent. Median incomes for Hispanics rose by 6.1 percent. Immigrants incomes, excluding naturalized citizens, jumped by over 10 percent.

The news was especially good for the poor. The share of overall income that went to the poorest fifth increased by 3 percent, while the share that went to the affluent groups did not change. In that year, the poverty rate fell by 1.2 percentage points, the steepest decline since 1999.

The numbers for 2016 have just been released by the Census Bureau, and the trends are pretty much the same. Median household income rose another 3.2 percent, after inflation, to its highest level ever. The poverty rate fell some more. The share of national income going to labor is now rising, while the share going to capital is falling.

That is from the new David Brooks column.

The post Is the great wage stagnation over? appeared first on Marginal REVOLUTION.

22:40

Euros, Dollars and Central Bank Manipulations The Daily Coin

Euros, Dollars and Central Bank Manipulations from Schiff Gold Peter Schiff has been talking a lot about the weakening dollar. In a recent Schiff Report video, Peter said he sees the mother of all dollar bear markets on the horizon....

The post Euros, Dollars and Central Bank Manipulations appeared first on The Daily Coin.

22:26

Gold Up, Markets Fatigued As War Talk Boils Over Max Keiser and Stacy Herbert

  • North Korea threatens to reduce the U.S. to ashes and darkness
  • Markets becoming used to ongoing provocations from North Korea
  • Russia and China continue to support watered down versions of sanctions on Kims regime
  • Both NATO and Russia running war games on one anothers borders
  • Putin says Russia will give a suitable response to NATOs threatening behaviour
  • Gold set to climb as fears over economy and war will drive safe haven demand
Missile fatigue

Source: Bloomberg

This year North Korea has launched a dozen missiles. With the latest one it has threatened the U.S. with ashes and darkness as Kim believes it should be beaten to death like a rabid dog.

Russia and China continue to support watered down sanctions on the isolated country. Both have made it clear that they will not tolerate a war on their borders.

War talk is not just about North Korea anymore.  NATO and Russia have been or are currently carrying out war games on one anothers borders. Both parties feel the other one has acted unreasonably in doing so.  U.K. Defense Secretary Michael Fallon has accused Russia of deliberately provoking NATO, whilst Putin has said Russia has no other choice than to give a suitable response to all of these actions,

Russia has previously used military exercises as a cover for what has ultimately been invasions and war. See Georgia in 2008 and Ukraine in 2014 for the most recent examples.

Saber rattling is quickly looking like its going to become full-blown sword fighting at least somewhere in the world.

But few seem to be worried. Markets are not only apparently fatigued by the war cries of the worlds nuclear powers but are evidently ignoring the risks in the financial system.

Gold is currently up over 15% for the year, silver by nearly 12%. Both offer financial safe havens during times of war. All parties involved in the current geopolitical fracas are big holders of gold. Two of them, Russia and China are enabling the trade of the precious metal for key commodities.

Click here to read full story on GoldCore.com.

Important Guides

For your perusal, below are our...

22:19

Mexican Congress Debates the Monetization of the Libertad Silver Ounce The Daily Coin

Mexican Congress Debates the Monetization of the Libertad Silver Ounce by Mike Shedlock MishTalk TDC Note Has Mr. Salinas Price finally wore down the Mexican Congress? Has the Mexican Congress finally seen the light especially when they look...

The post Mexican Congress Debates the Monetization of the Libertad Silver Ounce appeared first on The Daily Coin.

22:00

10 Friday AM Reads The Big Picture

My end of week morning train reads:  Martin Shkrelis $2 Million Wu-Tang Album Might Not Be a Wu-Tang Album: Was a man convicted of fraud misled about the most expensive record ever sold? (Bloomberg) The Second-Class Office Workers: For millions of Americans who work as contractors, real careers are out of reach and each

Read More

The post 10 Friday AM Reads appeared first on The Big Picture.

22:00

THE DEEP STATE 50 Year Old Recording Explains Why The World Is Going Crazy (Video) The Daily Coin

THE DEEP STATE 50 Year Old Recording Explains Why The World Is Going Crazy Video End Times Productions This is a recording from 1967, It describes events we see in the news today with shocking accuracy. Everything was...

The post THE DEEP STATE 50 Year Old Recording Explains Why The World Is Going Crazy (Video) appeared first on The Daily Coin.

21:41

LIVE: Parsons Green explosion was terrorist attack London police (special coverage) The Daily Coin

LIVE: Parsons Green explosion was terrorist attack London police (special coverage) RT British authorities have confirmed an explosion at Parsons Green underground station was an act of terrorism and that several people have been injured.

The post LIVE: Parsons Green explosion was terrorist attack London police (special coverage) appeared first on The Daily Coin.

21:39

Venezuela Has Officially Abandoned The Petrodollar Does This Make War With Venezuela More Likely? The Daily Coin

Venezuela Has Officially Abandoned The Petrodollar Does This Make War With Venezuela More Likely? by Michael Snyder The Economic Collapse Blog Venezuela is the 11th largest oil producing country in the entire world, and it has just announced...

The post Venezuela Has Officially Abandoned The Petrodollar Does This Make War With Venezuela More Likely? appeared first on The Daily Coin.

21:15

Dan Oliver: Largest Credit Bubble Ever? | History Repeating Itself Like the 1930s Depression? (Video) The Daily Coin

Dan Oliver: Largest Credit Bubble Ever? | History Repeating Itself Like the 1930s Depression? Video Wall St for Main St Jason Burack of Wall St for Main St interviewed first time guest, hedge fund manager & founder of Myrmikan...

The post Dan Oliver: Largest Credit Bubble Ever? | History Repeating Itself Like the 1930s Depression? (Video) appeared first on The Daily Coin.

20:45

The 30 Metros in the US with the Highest and Lowest Incomes The Daily Coin

The 30 Metros in the US with the Highest and Lowest Incomes by Wolf Richter Wolf Street Breath-taking differences in a vast country. The Census Bureau released another data drove today for 2016, based on the American Community Survey....

The post The 30 Metros in the US with the Highest and Lowest Incomes appeared first on The Daily Coin.

20:32

Corporate Contractors: The High End of the Precariat (Updated) naked capitalism

The stressful life of downwardly mobile corporate contractors.

20:30

2018 Ferrari Portofino The Big Picture

entry level convertible ahead of its public debut at next months Frankfurt Auto Show. The 591-horsepower, 200 mph, twin turbo, V8-powered Ferrari Portofino is lighter and quicker than the California T it replaces, with a similar price tag north of US$200,000   Source: Ferrari

The post 2018 Ferrari Portofino appeared first on The Big Picture.

20:15

Stop Trying to Help People, For Their Sake! The Daily Coin

Stop Trying to Help People, For Their Sake! from The Daily Bell A tutor came into the coffee shop and loudly declared she was spending the last $9 in her bank account on coffee and a pastry. She hoped she...

The post Stop Trying to Help People, For Their Sake! appeared first on The Daily Coin.

19:46

Debt Rattle September 15 2017 The Automatic Earth

Juan Gris Portrait of the artists mother 1912   Fed To Take Historic Leap Into The Unknown (MW) Janet Yellens Right-Hand Man Is Hanging Up His Boots (BI) 97 Million American Workers Are Living Paycheck To Paycheck (ZH) Markets Are Wrong (Hugh Hendry) Japanese Told To Find Shelter After North

The post Debt Rattle September 15 2017 appeared first on The Automatic Earth.

19:45

Hugh Hendry: Inflation is just over the horizon! (Video) The Daily Coin

Hugh Hendry: Inflation is just over the horizon! Video Erik Townsend Macro Voices MacroVoices welcomes Hugh Hendry as this weeks guest. Erik and Hugh discuss the outlook on the global economy, wage and price inflation and the US...

The post Hugh Hendry: Inflation is just over the horizon! (Video) appeared first on The Daily Coin.

19:15

The Trump Administration Was Ordered to Disclose the Legal Basis for Its Syria Strike. It Handed over Squat The Daily Coin

The Trump Administration Was Ordered to Disclose the Legal Basis for Its Syria Strike. It Handed over Squat by Alex Emmons  Russia-Insider After President Donald Trump launched a cruise missile strike against Syria in April, his administration struggled to justify the legal basis for...

The post The Trump Administration Was Ordered to Disclose the Legal Basis for Its Syria Strike. It Handed over Squat appeared first on The Daily Coin.

18:48

New climate insurance solution gives Filipinos calm before the storm Eco-Business

As extreme weather events such as intense storms and massive flooding become more frequent in the archipelago, a new insurance product covers costs incurred for building resilience against storms.

18:47

Samsung wont partner with Korindo following outrage over forest destruction in Indonesia Eco-Business

Under fire from watchdogs and consumers of its smartphones, Samsung said it would not pursue a joint venture with Korindo, itself the target of an NGO campaign for destroying rainforests in Indonesia

18:45

Catching Up With Ned Naylor-Leyland (Podcast) The Daily Coin

Catching Up With Ned Naylor-Leyland Podcast TFMetals Report On Wednesday, we had a chance to get caught up with our old pal, Ned Naylor-Leyland of Old Mutual Investors in London. Neds job as fund manager puts him in front...

The post Catching Up With Ned Naylor-Leyland (Podcast) appeared first on The Daily Coin.

18:44

Will the Great Taper Bring on GFC 2.0? naked capitalism

If you believe asset prices are bubbly, the soon-to-start central bank taper looks likely to pop them.

18:15

The Petrodollar Doomsday Clock Just Ticked Closer To Midnight (Video) The Daily Coin

The Petrodollar Doomsday Clock Just Ticked Closer To Midnight Video X22 Report Corporate media put out a report that Trump agreed to help the dreamers, the problem is that he denies the report. US agrees with Russia on a...

The post The Petrodollar Doomsday Clock Just Ticked Closer To Midnight (Video) appeared first on The Daily Coin.

17:57

Hey Advertisers: The Data-Mining Emperor Has No Clothes oftwominds-Charles Hugh Smith

When a big advertiser pulls its online adverts and its sales remain unchanged, that tells everyone who's paying attention something important.
It's an article of widespread faith that data-mining enables advertisers buying online adverts to target consumers with laser-like precision. Vast warehouses of servers grind through billions of records of consumer profiles and transactions and with a bit of algorithmic magic, distill all this data down to the prime target audience for whatever good or service you're selling: probiotic goo, battery-powered back-scratchers, Zombiestra(tm), investment newsletters based on darts tossed by monkeys, etc.
And everybody knows online media is the place every advertiser wants to be and needs to be. By some measures, online advertising exceeded television advert spending in 2016 (around $70 billion each). Unlike traditional media advertising, which is stagnating or declining, online advertising is still expanding smartly--especially in mobile media.
...

17:55

Wall Street Journal Reports on SoftBank Offer for Uber.Yet No Other Press Outlet is Picking the Story Up naked capitalism

Why are major media outlets uncharacteristically ignoring a big SoftBank-Uber story that the Wall Street Journal broke yesterday?

16:43

In Riau, Indonesia, women organise for environmental justice Eco-Business

Women are disproportionately impacted by problems in the environment, but have the least power to address them. Here's how Global Forest Watch gives women in Riau, Indonesia the tools to do so.

16:16

The education culture that is China Marginal REVOLUTION

Students at a major university in Beijing are now required to scan their faces upon entering dormitory buildings, a process that may soon make security guards obsolete.

Beijing Normal University has installed 44 facial scanners on its 19 dormitory buildings, for the 18,000 students on campus.

It is the boldest move taken by a Chinese university so far to apply advanced digital technologies in campus management and has drawn attention from administrators at other universities.

The machines have been placed at all entrances to dorm buildings. Students entering the building will have to pause and look at the sensor for a few seconds. They are then required to swipe their campus ID card. If the face and card match, the machine will open the gate and say welcome home.

The machines also come with voice recognition. Students who forget to bring their ID cards can scan their face and say the last four digits of their card number, said Yang Hailiang, general manager of Beijing Peace and Joy Technology, which produces the machines.

The system can recognize 26 Chinese dialects and has achieved an accuracy rate of 98 percent, Yang said.

Here is the full article.

The post The education culture that is China appeared first on Marginal REVOLUTION.

16:15

This Constitution Day, Its Your Duty to Educate Others The Daily Coin

This Constitution Day, Its Your Duty to Educate Others by  Bob Bauman  Banyan Hill Two hundred and thirty years ago, on September 17, 1787, the Constitution of the United States of America was signed at Philadelphia by 39 brave American...

The post This Constitution Day, Its Your Duty to Educate Others appeared first on The Daily Coin.

15:10

A simple point about corporate tax reform Marginal REVOLUTION

For the most part, the empirical literature suggests that cash flow drives investment more than does say the real interest rate; you can take the latter as one proxy for non-massive changes in rates of return.  So a plan to cut back taxes for companies still might stimulate investment, even if it doesnt appear to alter marginal incentives in the appropriate way.  It will give corporations a higher realized cash flow over the immediately prior period, and again that has had decent predictive power over investment.  But causality?  That is tougher to say, but of course there are theories that self-financed investments are more attractive to managers than having to bring in additional outside monitors.

There is a genuine question whether you should side with the theory or the empirics here, and I am myself agnostic.  Furthermore, perhaps the cash flow of the prior periods proxies for the expected rate of return more accurately than do our available measurements for the expected rate of return.  So you dont have to take the empirical result as documenting the importance of cash flow.

Still, if you hear someone attacking a tax reform plan as a corporate giveaway, just ask them how well they know this literature.  There is at least some chance that giveaways boost investment more than do targeted marginal changes.

The post A simple point about corporate tax reform appeared first on Marginal REVOLUTION.

14:20

Series Of Mysterious Area 51 Crashes Leaves Red Hat Squadron Commander Dead The Daily Coin

Series Of Mysterious Area 51 Crashes Leaves Red Hat Squadron Commander Dead by Stefan Stanford All News Pipeline Anyone within the US government still pushing for a war between the US and Russia WANTS Americas total destruction. In this massively...

The post Series Of Mysterious Area 51 Crashes Leaves Red Hat Squadron Commander Dead appeared first on The Daily Coin.

14:06

Climate inaction has cost Australia 'thousands of jobs and billions of dollars' Eco-Business

Taking action on climate change presents a huge opportunity to make society wealthier, healthier, and happier; but a failure by Australian politicians to lead on climate is costing the country, said experts at a recent event in Sydney.

14:01

Venezuela Has Officially Abandoned The Petrodollar Does This Make War With Venezuela More Likely? The Economic Collapse

Venezuela is the 11th largest oil producing country in the entire world, and it has just announced that it is going to stop using the petrodollar.  Most Americans dont even know what the petrodollar is, but for those of you that do understand what I am talking about, this should send a chill up your spine.  The petrodollar is one of the key pillars of the global financial system, and it allows us to live a far higher standard of living than we actually deserve.  The dominance of the petrodollar has been very jealously guarded by our government in the past, and that is why many are now concerned that this move by Venezuela could potentially lead us to war.

I dont know why this isnt headline news all over the country, but it should be.  One of the few major media outlets that is reporting on this is the Wall Street Journal

The government of this oil-rich but struggling country, looking for ways to circumvent U.S. sanctions, is telling oil traders that it will no longer receive or send payments in dollars, people familiar with the new policy have told The Wall Street Journal.

Before we go any further, we should discuss what we mean by the petrodollar for those that are not familiar with the concept.  The following comes from an excellent article by Christopher Doran

In a nutshell, any country that wants to purchase oil from an oil producing country has to do so in U.S. dollars. This...

14:00

$20 Trillion: U.S. Debt Crisis | Peter Schiff and Stefan Molyneux (Video) The Daily Coin

$20 Trillion: U.S. Debt Crisis | Peter Schiff and Stefan Molyneux Video Why are so many people upset about plans to raise and remove the United States debt ceiling and why was it created in the first place? Peter Schiff...

The post $20 Trillion: U.S. Debt Crisis | Peter Schiff and Stefan Molyneux (Video) appeared first on The Daily Coin.

13:45

Markets Not Government Are the Key to Recovering from Natural Disasters Mises Wire

By: Ryan McMaken
flood_1.PNG

In the wake of hurricane Harvey, disaster experts were shocked by how few deaths resulted from the storm: "It was astounding that we didnt have a much larger loss of life, said Phil Bedient, co-director of a Rice University effort to research severe storms and evacuations. 

A recent count puts total storm-related deaths at 82,  out of a metropolitan population of more than 6.5 million. 

The relative lack of lives lost is being attributed to a variety of factors including luck, the timing of evacuation orders, and "swift action by first responders." 

There's no doubt that these factors contributed to the relatively low numbers in terms of deaths. A well-developed communications system has been key. A large network of well-maintained highways has been important, as has a technologically-advanced and well equipped rescue operation. Hospitals kept the lights on because they installed costly "flood gates." 

Some anti-libertarian observers, of course, have used the disaster as an opportunity to claim that people who survived the disaster somehow owe their lives to government agencies. Roads and the Coast Guard rescuers are government-controlled amenities, after all.

David Horsey at the LA Times provides a typical example, claiming that Hurricane Harvey " exposed the weakness of the three [Republican] shibboleths." Horsey specifically names "Republicans" but he's really targeting anyone who values markets and political decentralization. For Horsey, natural disasters disprove the following: 

1) lowering taxes is always a good idea, 2) government programs can always be cut and 3) economic growth must always be given priority over environmental concerns.

These "anti-government" hypocrites, Horsey contends, have no problem receiving federal help in the wake of natural disasters, but cluelessly call for tax cuts while refusing to spend big bucks on combating climate change which is apparently to blame for Hurricane Harvey. 

Pro-Growth Policies Fund Disaster Recovery

Unfortunately, for Horsey, this &quot...

Why Natural Disasters Are Worse For Poor Countries Mises Wire

By: Ryan McMaken
flood_1.PNG

In the wake of hurricane Harvey, disaster experts were shocked by how few deaths resulted from the storm: "It was astounding that we didnt have a much larger loss of life, said Phil Bedient, co-director of a Rice University effort to research severe storms and evacuations. 

A recent count puts total storm-related deaths at 82,  out of a metropolitan population of more than 6.5 million. 

The relative lack of lives lost is being attributed to a variety of factors including luck, the timing of evacuation orders, and "swift action by first responders." 

There's no doubt that these factors contributed to the relatively low numbers in terms of deaths. A well-developed communications system has been key. A large network of well-maintained highways has been important, as has a technologically-advanced and well equipped rescue operation. Hospitals kept the lights on because they installed costly "flood gates." 

Some anti-libertarian observers, of course, have used the disaster as an opportunity to claim that people who survived the disaster somehow owe their lives to government agencies. Roads and the Coast Guard rescuers are government-controlled amenities, after all.

David Horsey at the LA Times provides a typical example, claiming that Hurricane Harvey " exposed the weakness of the three [Republican] shibboleths." Horsey specifically names "Republicans" but he's really targeting anyone who values markets and political decentralization. For Horsey, natural disasters disprove the following: 

1) lowering taxes is always a good idea, 2) government programs can always be cut and 3) economic growth must always be given priority over environmental concerns.

These "anti-government" hypocrites, Horsey contends, have no problem receiving federal help in the wake of natural disasters, but cluelessly call for tax cuts while refusing to spend big bucks on combating climate change which is apparently to blame for Hurricane Harvey. 

Pro-Growth Policies Fund Disaster Recovery

Unfortunately, for Horsey, this "analysis" is hopelessly sup...

13:40

High Ranking CIA Agent Blows Whistle On The Deep State And Shadow Government The Daily Coin

High Ranking CIA Agent Blows Whistle On The Deep State And Shadow Government by Aaron Kesel  Activist Post A CIA whistleblower, Kevin Shipp, has emerged from the shadows to expose the deep state and the shadow government which he calls two entirely...

The post High Ranking CIA Agent Blows Whistle On The Deep State And Shadow Government appeared first on The Daily Coin.

13:32

Urban food and water challenges? MIT says these global projects can help Eco-Business

What are the most innovative ways to provide healthy, safe food and water to poor urban communities without harming the environment? A contest organised by the Massachusetts Institute of Technology (MIT) hopes to bring out the best ideas.

13:31

What The Hell Is Happening In Berkeley RIGHT NOW (Video) The Daily Coin

What The Hell Is Happening In Berkeley RIGHT NOW Video We Are Change In this video, Luke Rudkowski of WeAreChange gives you the latest breaking news on the events unfolding right now the university of Berkeley as conservative speaking...

The post What The Hell Is Happening In Berkeley RIGHT NOW (Video) appeared first on The Daily Coin.

13:30

Don't Trust Government To Protect Your Privacy Mises Wire

By: Caleb Fuller
internetprivacy.PNG

In a tale of questionable historical validity, the British colonial government in early 20th century India found itself confronting a fearsome pest: cobras. Though natives had long since adjusted to uneasy coexistence with the snakes, the occupying force did not take kindly to their ubiquitous presence. Seeking their eradication, authorities devised a bounty program to financially reward anyone presenting a severed cobra tail.

The program worked. Which is to say it precipitated a significant increase in severed cobra tailsthe only thing the prize was truly capable of incentivizingwhile also presenting enterprising individuals with a profitable opportunity: snake-breeding. Snakes need their tails neither to live, nor to reproduce, enabling a single snake to generate a stream of tails by way of countless progeny. The program had transformed the vipers into a financial instrument that would continue yielding payments as long as the snake could reproduce.

Confronted with abysmal failuresnakes (many tail-less) were slithering through the streets in greater numbers than before the bounty projectthe authorities abandoned the scheme. The dissolution of the program encouraged snake-breeders to release their now-worthless assets into the wild, where they quickly found their way back into the city. The infamous results, now known as the cobra effect, depict those government interventions which generate more than the garden variety unintended consequence. While virtually all government interventions have some unintended consequences, a few positively engender the thing they were enacted to counter.

Policymakers have spawned the cobra effect in a host of other contexts, including an attempt to stamp out sewer rats in colonial Vietnam and a recent effort to decimate a feral pig population at Fort Benning, Georgia. In both cases, the bounty program incentivized fraud and a swift burgeoning of the pest populations.

Its partly due to the cobra effect that I note with trepidation the summons for the United States to ...

13:20

If Bitcoin is truly decentralized then why does it gain or lose value on news regarding banks and global markets? The Daily Coin

If Bitcoin is truly decentralized then why does it gain or lose value on news regarding banks and global markets? by Ken Schortgen, Jr. The Daily Economist There is a growing dichotomy that is perhaps threatening the myth that...

The post If Bitcoin is truly decentralized then why does it gain or lose value on news regarding banks and global markets? appeared first on The Daily Coin.

13:17

Giving new life to degraded lands in Small Island Developing States Eco-Business

An FAO partnership with Google is helping collect and analyse land degradation data to formulate policies to address climate change and boost the resilience of people and their landscapes.

13:00

Financial Institutions Call For A Market Crash In The Next 3-8 Months (Video) The Daily Coin

Financial Institutions Call For A Market Crash In The Next 3-8 Months Video X22 Report Retail sales report will be released soon and it does not look good. Most of the blame will be on the hurricanes to manipulate...

The post Financial Institutions Call For A Market Crash In The Next 3-8 Months (Video) appeared first on The Daily Coin.

12:40

A Special Preview of Doug Caseys New Novel: Drug Lord (Part 1) The Daily Coin

A Special Preview of Doug Caseys New Novel: Drug Lord (Part 1) Justins note: Today and tomorrow, we have an exciting preview to share with you. If youve been reading the Dispatch, you probably know Casey Research founder and New...

The post A Special Preview of Doug Caseys New Novel: Drug Lord (Part 1) appeared first on The Daily Coin.

12:39

Limiting global warming to 1.5C could save two-thirds of Asias glacier ice Eco-Business

Keeping global temperature rise to no more than 1.5C above pre-industrial levels could ensure that two-thirds of the ice stored in Asias high-mountain glaciers is still around at the end of the century, a new study says.

12:20

Apples New FaceID Could Be A Powerful Mass Spying Tool The Daily Coin

Apples New FaceID Could Be A Powerful Mass Spying Tool by Mac Slavo SHTFPlan On Tuesday, Apple revealed their newest phone. The new line was anticipated by Apple users and is another cult favorite.  But many are rightly skeptical...

The post Apples New FaceID Could Be A Powerful Mass Spying Tool appeared first on The Daily Coin.

12:14

Nexus thinking for a secure and sustainable future Eco-Business

As the global population continues to grow, how can utilities and water managers balance the increasing and interrelated pressures on water, energy and food?

12:00

Chinas Maritime Strategic Realignment (Video) The Daily Coin

Chinas Maritime Strategic Realignment (Video)

Chinas Maritime Strategic Realignment Video South Front Video Source

The post Chinas Maritime Strategic Realignment (Video) appeared first on The Daily Coin.

11:40

Despite 24/7 Trading: Bitcoin Investors are Taking off for the Weekend on Friday Already The Daily Coin

Despite 24/7 Trading: Bitcoin Investors are Taking off for the Weekend on Friday Already by Dmitri Speck Acting-Man Crypto-Statistics In the last issue of Seasonal Insights I have discussed how the S&P 500 Index performs on individual days of...

The post Despite 24/7 Trading: Bitcoin Investors are Taking off for the Weekend on Friday Already appeared first on The Daily Coin.

11:20

Americas Weapons: The Dollar and the Drone The Daily Coin

Americas Weapons: The Dollar and the Drone by Brian Maher Daily Reckoning It was said that the guinea and the gallows were the true instruments of British imperial power. The guinea represented the coined wealth of Great Britain. The...

The post Americas Weapons: The Dollar and the Drone appeared first on The Daily Coin.

11:18

Potential Cyberattack In The News Jim Sinclair's Mineset

Bill Holters Commentary YouTube owes us an apology! Bill and Jims discussion for subscribers was taken down two months ago, presumably for being fake news. Now it turns out the Navy is investigating whether or not the two mishaps with the Fitzgerald and McCain were cyberattacks. Tinfoil hats? You must make the leap, what does... Read more

The post Potential Cyberattack In The News appeared first on Jim Sinclair's Mineset.

11:00

Q & A with Lynette Zang (Video) The Daily Coin

Q & A with Lynette Zang Video ITM Trading Write your questions in youtube comment section and we may use them for our next Q & A. Video Source

The post Q & A with Lynette Zang (Video) appeared first on The Daily Coin.

10:52

Discussing The London Gold Pool and SWIFT The Daily Coin

Discussing The London Gold Pool and SWIFT by James Gibson TFMetals Report Longtime TFMR member James Gibson volunteered this information in the hope of answering some questions on The London Gold Pool of the 1960s and the current SWIFT...

The post Discussing The London Gold Pool and SWIFT appeared first on The Daily Coin.

10:40

If you were a drug dealer, a murderer. . . open an account at JP Morgan The Daily Coin

If you were a drug dealer, a murderer. . . open an account at JP Morgan by Simon Black Sovereign Man On Tuesday afternoon, Jamie Dimon, the CEO of banking giant JP Morgan, let loose on Bitcoin. He was...

The post If you were a drug dealer, a murderer. . . open an account at JP Morgan appeared first on The Daily Coin.

10:20

The Most Important Piece of Gear You Can Own The Daily Coin

The Most Important Piece of Gear You Can Own By Jason Hanson  -LFB.org Dear Black Bag Confidential Reader, I have a special offer for you at the end of todays alert. But first, I want to share an amazing rescue story and the...

The post The Most Important Piece of Gear You Can Own appeared first on The Daily Coin.

10:00

Carrying the Debt Load of $20 Trillion Plus (Video) The Daily Coin

Carrying the Debt Load of $20 Trillion Plus Video Rethinking the Dollar Video Source

The post Carrying the Debt Load of $20 Trillion Plus (Video) appeared first on The Daily Coin.

09:52

Catalonia: More than 700 mayors summoned to court Follow The Money

http://www.bbc.com/news/world-europe-41262254

Spains public prosecutor has summoned more than 700 Catalan mayors to appear for questioning over their support for a banned independence referendum.

Jose Manuel Maza said that any of the municipal leaders who agreed to help stage next months vote should be arrested if they fail to appear.

Prosecutors earlier ordered the seizure of ballot papers and voting materials.

Catalonias vote on breaking away from Spain is deemed illegal and has been suspended by the constitutional court.

But Catalonias pro-independence government has said that the referendum, which is planned for 1 October, will go ahead.

If the vote is...

09:48

World Bank assigns $8bn for Silk Road projects Follow The Money

https://www.rt.com/business/403029-world-bank-silk-road/

Billions of dollars have been allocated by the World Bank for infrastructure projects in the Chinese Silk Road Economic Belt, according to the banks president Jim Yong Kim at the 1+6 roundtable meeting in Beijing.

Investments, particularly in infrastructure, are extremely important. The Chinese initiative of the economic belt of the Silk Road catalyzes infrastructure investments, he told the heads of major international organizations.

The World Bank will help the countries within the initiative to take maximum advantage of the opportunities provided, in accordance with their own development strategies, he added.

According to the World Banks International Finance Corporation (IFC), an extra $1 billion is expected to be raised within a year as part of a planned $5 billion infrastructure investment fund for Chinas Road and Belt program.

We have raised the first $1.1 billion, we are going to raise the next billion probably within the next...

09:47

Iraq: A Kurdish breakthrough and a long ways to go Follow The Money

https://worldview.stratfor.com/node/283454/content-email?utm_source=Twitter&utm_medium=social&utm_campaign=article

After several weeks of meetings, the major Kurdish parties the Kurdistan Democratic Party (KDP), the Patriotic Union of Kurdistan (PUK) and the Gorran Movement have made a breakthrough in negotiations. The meeting Sept. 12 was the first trilateral intra-Kurdish political meeting in two years, and the groups seem to be in the final stages of agreement on several key points that make up the seven-point agreement they are negotiating. Even though the Iraqi Kurdish parties seem to have finally hashed out a partial agreement, there are many more negotiations ahead. And it remains to be seen whether this breakthrough will be enough to overcome opposition to the...

09:45

CHINA TO STOP ALL BITCOIN EXCHANGES The Daily Coin

CHINA TO STOP ALL BITCOIN EXCHANGES Harvey Organ GOLD: $1325.65 UP $1.15 Silver: $17.77 DOWN 2 CENT(S) Closing access prices: Gold $1329.95 silver: $17.80 SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME) SECOND FIX:...

The post CHINA TO STOP ALL BITCOIN EXCHANGES appeared first on The Daily Coin.

09:40

Iran and Russia Look to Establish a Joint Bank, Trading in Non-Dollar Terms The Daily Coin

Iran and Russia Look to Establish a Joint Bank, Trading in Non-Dollar Terms by London Paul Rogue Money Its official as another OPEC nation has killed the Petrodollar as Venezuela no longer accepting them for oil sales- https://t.co/KB92JPONUR ...

The post Iran and Russia Look to Establish a Joint Bank, Trading in Non-Dollar Terms appeared first on The Daily Coin.

09:20

Jim Rickards: The Next Financial Crisis Is Six to Eight Months Away The Daily Coin

Jim Rickards: The Next Financial Crisis Is Six to Eight Months Away from GoldSilver In this excellent video presentation, Jim Rickards tells us that It is inevitable the next financial crises is six to eight months away and it will...

The post Jim Rickards: The Next Financial Crisis Is Six to Eight Months Away appeared first on The Daily Coin.

09:00

5 Days Until Impact/New York (Video) The Daily Coin

5 Days Until Impact/New York Video BPEarth Watch Video Source

The post 5 Days Until Impact/New York (Video) appeared first on The Daily Coin.

08:54

Armstrong Logic? Jim Sinclair's Mineset

I had not planned on penning a public article today but my plans were changed by Martin Armstrong as he again is busy attempting to rewrite history.  He is again trying to scare people away from their only financial hurricane insurance, gold why?  Any thinking person knows a credit disaster is coming.  Heck, even he... Read more

The post Armstrong Logic? appeared first on Jim Sinclair's Mineset.

08:40

The Perfect Bug Out Location Survival Retreat The Daily Coin

The Perfect Bug Out Location Survival Retreat by Ken Jorgustin Modern Survival Blog I will throw out a few bullet points to the conversation started. While theres probably no such thing in the real world as a perfect bug...

The post The Perfect Bug Out Location Survival Retreat appeared first on The Daily Coin.

08:36

No. 909: CPI and PPI, Real Median Household Income, Market and Economic Outlook Shadow Government Statistics

(SGS Subscription required) Trouble in Hand and Looming Consistently Surveyed, Reported and as Deflated by the Headline CPI-U, 2016 Median Household Income Held Shy of Its Pre-Recession 2007 Peak, Below Levels of the Late-1990s and Minimally Higher than Levels of the Mid-1970s 2016 Income Variance and Dispersion Increased, Holding Near Record Highs, Signaling Severe Financial-Market and Economic Stresses in Place Real Average Weekly Earnings Declined in August Hurricane Harvey May Have Had Minimal Impact on Inflation Data Gathering, but It Certainly Added Upside Pressure on Petroleum-Related Market Prices August CPI-U Inflation Monthly Gain of 0.40% Pulled Annual CPI-U Inflation Higher to 1.94% (Was 1.73%), with CPI-W at 1.93% (Was 1.64%) and ShadowStats at 9.7% (Was 9.4%) August 2017 Annual Final-Demand PPI Rose to 2.35% from 1.90% in July Faltering Economic Activity and Intensifying Political Discord Continue to Peril the Dollar and Intensify Risks in Markets Vulnerable to Turmoil

08:29

X22 Spotlight Interview with Bill Holter Jim Sinclair's Mineset

Please feel free to watch, post or foreward my latest interview with X22 Spotlight.

The post X22 Spotlight Interview with Bill Holter appeared first on Jim Sinclair's Mineset.

08:20

Why Does God Permit Natural Disasters? The Daily Coin

Why Does God Permit Natural Disasters? By Andrew P. Napolitano  Lew Rockwell Like many Americans during the past three weeks, Ive been bombarded by news about the destructive power of Hurricane Harvey in Texas and Hurricane Irma in Florida. The...

The post Why Does God Permit Natural Disasters? appeared first on The Daily Coin.

08:10

BREAKING: LBMA Silver to be PRICED in Russian Rubles and Chinese Yuan Max Keiser and Stacy Herbert

ON SEPTEMBER 25th, 2017, London silver will be priced in RUBLES, ONSHORE AND OFFSHORE YUAN, Rupees, and other currencies as sweeping changes are beginning now. Heres the details so far

Continue Reading ->

08:00

Will The American Gold Buffalo Coin Become Extinct? (Video) The Daily Coin

Will The American Gold Buffalo Coin Become Extinct? Video smaulgld Video Source

The post Will The American Gold Buffalo Coin Become Extinct? (Video) appeared first on The Daily Coin.

07:40

Bill in Congress to Fund CIA & NSA Outlaws Wikileaks The Daily Coin

Bill in Congress to Fund CIA & NSA Outlaws Wikileaks by Eric Zuesse Strategic-Culture The bill in Congress to fund US intelligence services includes a provision, Sec. 623, which states: SEC. 623. SENSE OF CONGRESS ON WIKILEAKS. It is the...

The post Bill in Congress to Fund CIA & NSA Outlaws Wikileaks appeared first on The Daily Coin.

07:39

11 Reasons Why Germany's Heidelberg is a Thriving Sharing City Shareable New Articles

Heidelberg is known as one of the important university towns of Germany, with its university founded in 1386. Millions of tourists flock to this city to visit its Altstadt (the old city) and the castle, which remained intact through World War II. The location on either side of the Neckar river as it exits the Odenwald hills and enters the Rhine plain adds greatly to the beauty of the city (an excellent video of the river as it enters and exits Heidelberg can be seen here).

07:30

Jamie Dimon BitCOiN Is A Fraud (Video) The Daily Coin

Jamie Dimon BitCOiN Is A Fraud Vidoe Truth Never Told Video Source

The post Jamie Dimon BitCOiN Is A Fraud (Video) appeared first on The Daily Coin.

07:20

Rising Interest Rates Would Crush US Budget Under Interest Payments The Daily Coin

Rising Interest Rates Would Crush US Budget Under Interest Payments from Schiff Gold With the stroke of Pres. Trumps pen, the national debt officially surged past the $20 trillion level. That number alone is staggering, but the increasing debt has...

The post Rising Interest Rates Would Crush US Budget Under Interest Payments appeared first on The Daily Coin.

07:00

Hanging with Harley 091417 (Video) The Daily Coin

Hanging with Harley 091417 Video Rogue Money Video Source

The post Hanging with Harley 091417 (Video) appeared first on The Daily Coin.

06:49

Eudaimonics Stories by umair haque on Medium

The Art of Realizing Genuinely Good Lives

How are we, I wondered, to make a giant leap from an economic paradigm of human organization to a eudaimonic one? From one that single-mindedly, one-dimensionally maximizes near-term income, at the price of the well-being, health, flourishing, of you, me, our grandkids, and our planet, to one that elevates and expands all thatfrom one that, as it grows more and more broken, minimizes life realizing itself, instead of maximizing life realizing itself?

To be honest, I was much happier dying than thinking about economics. But death is a funny thing. It asks you questions about life that you cant unask. So as much as I didnt want to, I found myself thinking, reluctantly, about life itself. How the old paradigm fails to elevate and expand it. How the old world is falling, but the new world isnt yet born. About us, stuck in the interregnum. And most of all, about an absence of good answers for what to do about it all.

So I did what any sensible person would do. I created one. I call it eudaimonics. You can think of it as a branch of, an adjunct to, or a step beyond economics. It doesnt really matter. And no, its not the, best, or only answer. Just my own little framework.

Weve spent centuries learning to speak about the economics of thingswhich is the paradigm through which we see, enact, and organize human potential. Now I think its time we learned to speak of the eudaimonics of things. How much eudaimonia, life well lived, does an organizationwhether a company, city, town, or countryrealize? For how long, how intensely, along which dimensions?

Let me give you three simple examples.

Social media has great economics: Facebook and Twitter and so on maximize incomes and earn fortunes. But its eudaimonics are profoundly unsuccessful: it makes people unhappy, unfulfilled, and more distantand its a vector for misinformation and mistrust thats eating away at the fabric of democracy. In my framework, wed say social media has a low Omegamore about that in a second. First, See the yawning gap? An organization can have great economics, but awful eudaimonics. And many, if not most, do, precisely because they maximize incomenot life realizing itself. The question is how to put both back into balance with one another.

Fracking has wonderful economics. Gas is extracted cheap, stored efficiently, and distributed at low cost, and so prices have fallen. But it has terrible eudaimonics. It causes long-term, irreversible, net negative changes in natural capital: it poisons water tables and sparks earthquakes. In my framework, wed say it has a low Thetawell get to that shortly. Again, see the yawning gap? W...

06:47

The Fundamentals Stories by umair haque on Medium

The Five Essentials of Eudaimonics

If I were to ask you, what are the economics of this country?, youd probably point to GDP, income, and productivity. If I were to ask you, what are the economics of this company?, youd point me to unit revenues and costs per employee and so on. But if I were to ask you, wait a minute. How is this country or company or town or city, this organization, really doing? are peoples lives really growing, developing, flourishing?, then youd probably frown, and draw a blank. The two arent the same, are they? Today were seeing that whole economies can growbut somehow, human possibility, life as a quest for self-realization, doesnt. The old paradigmwhere organizations exist only for an economic purpose, maximizing incomeis deeply, badly broken.

So lets change it.

The economics of a thing is about the speed and quantity of income a thing generates. But the eudaimonics of a thing is about how much life a thing produces: how well-being, possibility, and wealth is created. Life is a quest for self-realization. Yours, mine, our grandkids, our planets. And eudaimonics asks: is that quest reaching fruition? Are lives flourishing, blossoming, transforming, realizing their fullest possibilities? In the same way that lottery winners end up paradoxically unhappier than before, so an organizations financial success, whether that organization is a city, a company, or a country, is no sure guarantee that its creating better lives. Eudaimonics, in contrast to economics, is the art of creating genuinely good lives.

It has five new ends to optimize human organizations, whether cities, towns, countries, or corporationsin contrast to the old paradigms sole end of maximizing incomefor the subtlety and complexity of lives genuinely well lived. You can think of them as basic components, building blocks. Please dont think of them final, exhuastive, or even complete: theyre just a little tiny first step.

Omega is an organizations immediate ability to create eudaimonia. Think of it as how much real human well being is created for every dollar, pound, or yen that an organization earnswhether its a company or a country. Technically, you can think of Omega as the ratio of well being to income, or the derivative of well being with respect to income. What it means is this: an economy is about returns of all kinds, not just financial returns. Organizations exist to return higher levels of meaning, purpose, trust, happiness, safety, creativity, and so onall the aspects of well-being. Omega is a way to begin thinking about how much real human benefit is created f...

06:40

John Rubino But Who Will Insure the Insurers and the Governments (Podcast) The Daily Coin

John Rubino But Who Will Insure the Insurers and the Governments Podcast Financial Survival Network John Rubino joined us again Theres a lesson to be learned from the recent Hurricanes Harvey and Irma. The attitude is dont worry,...

The post John Rubino But Who Will Insure the Insurers and the Governments (Podcast) appeared first on The Daily Coin.

06:33

The Story Stories by umair haque on Medium

Life, the World, Now, You, and Me

Hi. Im Umair. I want to tell you a little story about life, death, meaning, purpose, happiness, you, me, the world, and why I founded Eudaimonia & Co.

A couple of years ago, right at the peak of it all, jetting around the globe, writing books, giving speeches, invulnerable as a rock, I got sick. Keeling-over-losing-fifty-pounds-in-a-month-sick. The doctors told me I had months to live. And after the heart-stopping panic subsided, a funny thing happened: I was happy, thinking and writing about the meaning of it all, in a way Id never really been discussing economics, leadership, and society.

Dying youngor at least thinking youre going tois like climbing the Mount Everest of inner clarity. You think about life. Not in a mournful way. Maybe you havent lived enough for that yet. Just in an appreciative one. Life is a funny thing. Unique, singular, strange. Camus famously called it absurd. Its the only thing in a lonely, clockwork universe that struggles. Rivers flow, clouds dissipate, oceans ebb. But only life undertakes an improbable, uncertain, difficult quest for self-realization. A tree stretches into the sun. A little bird builds a nest. You strive mightily all your days long for happiness, meaning, purpose, grace, defiance, rebellion, truth, knowledge, beauty, love. That quest is what makes life so strikingly different from dust, fire, mud, air.

Only today our quest for self-realization doesnt seem to be going so well. If I asked you, how do you think the worlds doing?, Id bet your reply would be on the spectrum between not-so-well and dire, not pretty good and fantastic. Which is just as Id had to warn of, and thats why writing about economics always made me unhappy. Maybe the fate of the world wasnt my cross to bear. Maybe it isnt any of ours. But I didnt know that then. And yet. The world seems suddenly different now, doesnt it? The headlines now are an almost comically absurd smorgasbord of catastrophe: nuclear war, Nazis, natural disaster, societies fracturing, impotent frustration at it all.

Its a head-spinning, anxiety-inducing time. Its even scarier to admit it, so lets do it together. Climate change. Stagnation. Inequality. Extremism. They feel different, more threatening. Bigger and badder than yesterdays problems. They are. These are Massive Existential Problems. To societies, cities, democracy. To you and I and our kids. To the entire planet. Why are they all happening at once? How are we to solve them? Can we? If we dont, problems only create more problems. Climate change creates refugees, famine, starvation. Stagnation creates authoritar...

06:33

The Principles Stories by umair haque on Medium

How to Reimagine the World for Eudaimonia

By now, hopefully youve read the basics of eudaimonics, and its ends, or goals. So how are we to take the giant leap from an economic paradigm of human organization to a eudaimonic oneone that doesnt just maximize income, but expands human possibilityin the real world? Lets get concrete and discuss the means. I have to warn you: theyre probably not what youre expecting, used to, or are familiar with.

Now, in one way, such means are straightforward. Just give people new titlesChief Eudaimonia Officer or something similarly intriguingthrow money at them, let them hire a department, and hey presto, youre done. And yet the more I thought about eudaimonia that way, the less satisfied I was. if Ive learned anything about organizations, its that genuine, lasting, transformative, paradigmatic changewhether for a company, corporation, city, countryisnt just about making up new titles and roles, tweaks to structure and function, but substance and essence. Not the hard stuff, but the soft stuff: culture, values, ideals, reasons, purpose, principles. Because those the what we use to interrogate, shape, and mold our raw ideas, choices, actions, and decisions with.

So I thought long and hard about what kinds of principles and values and purposes eudaimonia might demand in the real world. Were used to novelty: we discard ideas like iPhones, always believing newest is bestyet no matter how deep I looked into modern thought, the less satisfying it was. It seemed to be missing the human point, the essence of a good life. And one day it occurred to me that the deepest and subtlest thinkers on the subject of life realizing itself arent newbut very, very old. Whether Eastern and Western, ancient philosophies and minds thought hard, deep, and long about eudaimoniain ways that we seem to have forgotten today, which is precisely why their ideas are still timeless, where ours are largely disposable (can you remember the last economics or management book you read?).

So below are what I think of as a series of design principles for eudaimonialost in history, often forgotten by modernity, created over thousands of years, passed down from the dawn of human remembrance. We dont have simple English words for many of the unfamiliar concepts belowthey are rich, nuanced, subtle ideas, vastly more sophisticated than todays. So to make them clearer, Ill do something funny: use utterly trivial modern examples that we are familiar with. While that might seem strange, for the ancients, a good life wasnt something to be read about in books like it is tod...

06:31

Working Together Stories by umair haque on Medium

A Few Tiny Suggestions

I often get asked: what is Eudaimonia & Co? Its part consultancy, part lab, and part thinktank. Here are a few tiny suggestions for ways that we can work together, based on ways we often work with organizations. Theyre just starting pointsyou are most welcome to suggest your own.

Eudaimonics 101. A talk, probably between 30 and 60 minutes, well go into the basics of eudaimonia, eudaimonics versus economics, and then the fundamentals and design principles.

Eudaimonics 201. A workshop, longer and more interactive, with questions, answers, and exercises, well get into more depth and detail about technical, historical, philosophical, and practical aspects of eudaimonia. Think of this as immersion in a new paradigm.

Eudaimonics 301. Youll grade yourself on your relative eudaimonicsthe five ends, and perhaps, the design principles. So youll begin to see: are you a high-Omega organization? Low-Theta? How high is your Lambda? This is a collaborative project that takes between three and six months, probably. Here, youre going beyond simple economicswhats your profitability, balance sheet, income, and so onand beginning the journey of learning about and mastering the art of eudaimonia.

Eudaimonics 401. Every organization has a vision and set of values, but most dont say much, if anything, about eudaimonicshow, why, where, and in which specific ways an organization hopes to really create value, wealth, and well-being in the world. Together, well work on visions and values that are eudaimonic. And because those are the guiding principles of organizations, where cultures reside and goals are set, organizations begin to work and cohere, think and act, see and be, in better ways. Anyone thats worked on a vision knows its a long and challenging exerciseso these are usually long term, highly involved projects with many participants.

Eudaimonics 501. Well build your eudaimonics together: go out and calculate your Omega, Theta, and Lambda in absolute, numerical, not just relative, qualititative, terms. Very few organizations in the world have made this leapthis is the cutting edge, where leadership really begins today. These are long and involved projects, requiring people and time, because were collecting often very large amounts of data and synthesizing them mathematically. At the end, the payoff is significant: well be able to say with precision this is how much value, wealth, and well-being we are really creating, and use that to guide decisions, shape strategies, and set and correct missions.

Like I saidthese are just starting points, suggestions. Doing something new and beautiful and interesting in the world always means doing things differently. So were probably going to work together in newer and more interesting ways...

06:20

CDC-funded study confirms flu shots linked to spontaneous abortions vaccine experts rush to explain away the findings The Daily Coin

CDC-funded study confirms flu shots linked to spontaneous abortions vaccine experts rush to explain away the findings by: Mike Adams  Natural News A CDC-funded medical study being published by the medical journal Vaccine has confirmed a shocking link between flu shots...

The post CDC-funded study confirms flu shots linked to spontaneous abortions vaccine experts rush to explain away the findings appeared first on The Daily Coin.

06:00

2017 Precious Metals Investing Update Tom Cloud and Jerry Robinson (Video) The Daily Coin

2017 Precious Metals Investing Update Tom Cloud and Jerry Robinson Video Follow the Money Economist and trading coach Jerry Robinson is joined by Precious Metals Expert, Tom Cloud. With over 40 years of experience and highly reputable precious...

The post 2017 Precious Metals Investing Update Tom Cloud and Jerry Robinson (Video) appeared first on The Daily Coin.

05:38

Armstrong Logic? The Daily Coin

Armstrong Logic? by Bill Holter JSMineset I had not planned on penning a public article today but my plans were changed by Martin Armstrong as he again is busy attempting to rewrite history.  He is again trying to scare...

The post Armstrong Logic? appeared first on The Daily Coin.

05:24

Stocks, Bonds, Gold, Silver, US Dollar (Video) The Daily Coin

Stocks, Bonds, Gold, Silver, US Dollar Video Gregory Mannarino Video Source

The post Stocks, Bonds, Gold, Silver, US Dollar (Video) appeared first on The Daily Coin.

05:00

The Neoconservatives Have Declared War on the Realists Mises Wire

By: Ryan McMaken
1280px-F-16_June_2008.jpg

In recent years, I've increasingly suspected that when it comes to foreign policy, the realists offer some of the most sane observations. 

These suspicions were confirmed earlier this year when after the election of Donald Trump, John Mearsheimer, one of modern realism's current standard bearers, wrote in The National Interest that Trump should "adopt a realist foreign policy" and outlines a far better foreign policy agenda that what we've seen coming from Washington. 

And what is this realist foreign policy? For Mearsheimer, some main tenets include:

  • Accepting that the US attempt at nation building in Afghanistan, Egypt, Iraq, Libya, Syria and Yemen "has been an abject failure."
  • "Washington [should] respect the sovereignty of other states even when it disagrees with their internal policies."
  • "Spreading democracy, especially by force, almost always fails."
  • Understanding that "Americas terrorism problem ... is fueled in part by the U.S. military presence on Arab territory as well as the endless wars the United States has waged in the greater Middle East."
  • "The Trump administration should let local powers deal with ISIS."
  • Recognizing that Russia poses no real threat to the United States: "Even if Russia modernizes its economy and its population grows in the years ahead big ifs it will still be unable to project significant military power beyond eastern Europe."
  • "A Syria run by Assad poses no threat to the United States"
  • "The new president should also work to improve relations with Iran. "
  • "Encourage the Europeans to take responsibility for their own security, while gradually reducing the remaining U.S. troops there."

Against Liberal Hegemony

There are some specific recommendations, but in a larger context, Mearsheimer is reflecting what has been building for years among realists led by Barry Posen, Mearsheimer, Stephen Walt, and Harvey Sapolsky, among others: an opposition to so-called "liberal hegemony" 

What is liberal hegemony? It's ably summed up by William Ruger: 

Liberal hegemony is an activi...

04:35

Making Money With Cryptocurrencies Future Money Trends

Making Money With Cryptocurrencies

Dear Reader,

Yesterday, I attended a blockchain conference in Houston, Texas. Its focus was on how to implement blockchain technology into energy businesses.

I heard from data scientists and engineers from Exxon Mobile, Chevron, BHP Billiton, Halliburton, and Microsoft.

In 2012, we profiled Bitcoin at $13. I remember attending a few conferences that year. At the time, it was a bunch of geeks and libertarians, and here I was in 2017, surrounded by Fortune 500 companies talking about Bitcoin and Ethereum.

By the way, I should take a moment to address this Jamie Dimon (JP Morgan) comment yesterday. Him calling Bitcoin a fraud was hilarious to me, and it shows you just how ignorant the mainstream media is about this entire space.

Jamie Dimon has been hating on Bitcoin since it was $50 its now $4,000.

His company, JP Morgan, is one of the principal investors in Ethereum, so what you really have here is a competitor of Bitcoin doing some trash talking.

The blockchain is the most certain investment Ive ever been a part of, and people like Jamie Dimon know it, which is why they are heavily investing into it both through blockchain implementation and Ethereum.

As of June 2017, there is now more money heading into this space than there is venture capital thats invested in other non-blockchain tech companies.

The U.S. Department of Defense is planning to use blockchain technology for secure communications.

Homeland Security even helped seed four security companies that will be using blockchain technology.

In Australia, Japan, Germany, Canada, and even here in the U.S. with the NASDAQ, all are either running prototypes or trial runs to do commodity and stock trading using blockchain technology.

The blockchain reduces costs, self-validates, is unhackable, secure, and eliminates settlement risk.

Here is a screenshot of some of the companies that are using the Ethereum blockchain platform.

...

04:31

China Unshackles From Bitcoin: Beijing To Shut Down All Crypto Exchanges By The End Of September Political Vel Craft

    Yuan-denominated Bitcoin has crashed as much as 25% 35% in Chinese trading, plunging from 25,000 yuan to as a low of 16,000 on local exchanges BTCChina (and as low as 20,000 on OKCoin), following confirmation of last weeks Caixin report that Beijing would stop cryptocurrency exchange trading. Chinas second largest exchange, BTC China, []

04:30

2:00PM Water Cooler 9/14/2017 naked capitalism

TOMORROW Bangor, Maine Meetup: There will be a Bangor NC Meetup on Friday, September 15, 6:00pm, at Giacomo's with me, Lambert.

04:26

Daily Digest 9/14 - Bitcoin Crashes After Chinese Exchange Says It Will Halt Trading, Pentagon is still preparing for global warming Peak Prosperity

Daily Digest 9/14 - Bitcoin Crashes After Chinese Exchange Says It Will Halt Trading, Pentagon is still preparing for global warming
  • California's housing crisis it's even worse than you think
  • The $10 Trillion Resource North Korea Can't Tap
  • Bitcoin Crashes After Chinese Exchange Says It Will Halt Trading
  • Investment Advice for My Children & Grandchildren
  • US Threatens To Cut Off China From SWIFT If It Violates North Korea Sanctions
  • Hurricane Irmas Wrath Weighs On Natural Gas
  • Pentagon is still preparing for global warming even though Trump said to stop
  • Four underappreciated ways that climate change could make hurricanes even worse

Join the conversation

04:15

The Donalds DACA Dinner With The Dems And Wall Streets Impending Day Of Reckoning David Stockman's Contra Corner

This is getting downright ludicrous. Self-evidently, two-way trade and honest price discovery on Wall Street were destroyed long ago by the monetary central planning regime of Milton Friedman, Alan Greenspan and their heirs and assigns.

04:10

Canada Imports Precious Bodily Fluids Marginal REVOLUTION

In 2004 Canada prohibited paying Canadian sperm donors, leading to a tremendous shortage as I had predicted in 2003 (see also my post, The Great Canadian Sperm Shortage). Canadian Peter Jaworski has an update (oddly enough published in USA Today):

Canada used to have a sufficient supply of domestic sperm donors. But in 2004, we passed the Assisted Human Reproduction Act, which made it illegal to compensate donors for their sperm. Shortly thereafter, the number of willing donors plummeted, and sperm donor clinics were shuttered. Now, there is basically just one sperm donor clinic in Canada, and 30-70 Canadian men who donate sperm. Since demand far outstrips supply, we turn to you. We import sperm from for-profit companies in the U.S., where compensating sperm donors is both legal and normal.

Note, by the way, that contrary to what you might expect from Titmuss et al. US sperm is considered to be of high quality because it comes with information about the donor.

And sperm isnt the only precious bodily fluid that Canada imports.

Canada has never had enough domestic blood plasma for plasma-protein products, such as immune globulin. Our demand for those products, however, is increasing. Last year, we collected only enough blood plasma from unremunerated donors to manufacture 17% of the immune globulin demanded. The rest we imported from you, in exchange for $623 million, or $512 million U.S.

Reliance on your blood plasma looked like it might change a little bit when, in 2012, a company called Canadian Plasma Resources announced plans to open clinics in Ontario dedicated to collecting blood plasma. The trouble is that its business model included compensating donors. Almost immediately, groups such as the Canadian Union of Public Employees and the Canadian Health Coalition began to lobby the Ontario government to pass a law to stop CPR from opening clinics. Ontario obliged in 2014, passing the Safeguarding Health Care Integrity Act, which among o...

04:00

Max Keiser & Michael Krieger: Americas Falling Apart (Video) The Daily Coin

Max Keiser & Michael Kreiger - Breakdown in Liberal Ideology (Video)

Max Keiser & Michael Krieger: Americas Falling Apart Video RT Max and Stacy ask: why is America falling apart? Two charts explain it all: a collapse in infrastructure investment both public and private over the past three...

The post Max Keiser & Michael Krieger: Americas Falling Apart (Video) appeared first on The Daily Coin.

03:40

Govt: Radiation Storm Warning The Daily Coin

Govt: Radiation Storm Warning Newsweek: Massive solar flares Extremely intense Very significant event Scientists bewildered CBS: Monster flare causes radio blackouts Concern for nuclear plants from ENENews Newsweek, Sep 13, 2017 (emphasis added): Seven Massive Solar Flares...

The post Govt: Radiation Storm Warning appeared first on The Daily Coin.

03:20

US Senate Votes to Ensure America Remains at Endless War The Daily Coin

US Senate Votes to Ensure America Remains at Endless War The Anti-Media The US Senate has voted 61-36 to kill the amendment, proposed by Senator Rand Paul that would have prevented endless war in Iraq and Afghanistan. Washington, D.C....

The post US Senate Votes to Ensure America Remains at Endless War appeared first on The Daily Coin.

03:09

Dear Jamie Dimon: Predict the Crash that Takes Down Your Produces-Nothing, Parasitic Bank and Well Listen to your Bitcoin Prediction Max Keiser and Stacy Herbert

Dear Jamie Dimon: quick quiz: which words/phrases are associated with you and your employer, J.P. Morgan? Looting, pillage, rapacious, exploitive, only saved from collapse by massive intervention by the Federal Reserve, the source of rising wealth inequality, crony capitalism, privatized profits-socialized losses, low interest rates = gift from savers to banks, bloviating overpaid C.E.O., propaganda favoring the financial elite, tool of the top .01%, destroyer of democracy, financial fraud goes unpunished, free money for financiers, debt-serfdom, produces nothing of value to society or the bottom 99.5%.

Jamie, if you answered all of them, youre correct. The only reason you have a soapbox from which you can bloviate is the central bank (Federal Reserve) saved you and your neofeudal looting machine (bank) from well-deserved oblivion in 2008-09, and the unprecedented, co-ordinated campaign by global central banks to buy trillions of dollars of bonds and stocks.

Central Banks Have Purchased $2 Trillion In Assets In 2017

This 8-year long central bank intervention has:

1) transferred billions in what were once interest payments earned by savers and pension funds to banks such as J.P. Morgan

2) boosted your sales by flooding the financial system with low-cost credit

3) lifted your stock far above its value in an unmanipulated market and thus

4) awarded you immense stock-option and bonus-based wealth for doing nothing but letting the central banks enrich J.P. Morgan and its peers.

In other words, your claim of financial genius is based solely on central bank intervention. J.P Morgan would have done very well in the past eight years if theyd replaced you with a crash-test dummy. In fact, the shareholders would have done much, much better if the crash-test dummy had a Post-It note on its chest reading buy bitcoin.

Compare the return for an investor who believed your shuck-and-jive claim to financial genius and bought the dip in J.P. Morgan stock (JPM) at $57 in early February 2016 and the investor wh...

03:09

In The News Today Jim Sinclair's Mineset

Bubble? Tech Companies Express Themselves Through Architecture September 13, 2017 On August 2, 2004, Bank of America broke ground on its 2.2 million square foot, NYC headquarters the Bank of America Tower. The all-glass tower would rise 57 stories above midtown Manhattan, with a giant spire taking the height to 1,200 ft. Its currently... Read more

The post In The News Today appeared first on Jim Sinclair's Mineset.

03:09

Jims Mailbox Jim Sinclair's Mineset

Jim/Bill, This is why China has been so prescient in developing their own payment system. They saw the writing on the wall. Distancing themselves from U.S. hegemony. This may certainly be a case where the U.S. is cutting of their nose, to spite their face. In other words, to force compliance with the North Korean... Read more

The post Jims Mailbox appeared first on Jim Sinclair's Mineset.

03:00

Top 10 Reasons I Buy Gold & Silver (#10) Mike Maloney (Video) The Daily Coin

Top 10 Reasons I Buy Gold & Silver (#10) Mike Maloney Video GoldSilver Get the free book here: https://goldsilver.com/promo/freebook/ No fiat currency has lasted forever. Eventually, they all fail. Thats the message from Mike Maloney in the first...

The post Top 10 Reasons I Buy Gold & Silver (#10) Mike Maloney (Video) appeared first on The Daily Coin.

03:00

Global Buying Binge The Big Picture

Youve Never Heard of HNA Group. Heres Why You Will:   Source: Fortune  

The post Global Buying Binge appeared first on The Big Picture.

02:40

Syria: As the Endgame Approaches The Daily Coin

Syria: As the Endgame Approaches by Tony Cartalucci Journal-NEO As Syrian forces reach the Euphrates River, breaking the siege of the eastern Syrian city of Deir ez-Zor, Damascus and its allies, along with the state sponsors fueling the militancy...

The post Syria: As the Endgame Approaches appeared first on The Daily Coin.

02:20

Last Minute Preparedness: How To Prep For Sheltering in Place The Daily Coin

Last Minute Preparedness: How To Prep For Sheltering in Place by Jeremiah Johnson Ready Nutrition ReadyNutrition Readers, this article is not a substitute for common sense, nor is it a betting slip of things to do to beat the...

The post Last Minute Preparedness: How To Prep For Sheltering in Place appeared first on The Daily Coin.

01:55

Oil Rich Venezuela Stops Accepting Dollars The Daily Coin

Oil Rich Venezuela Stops Accepting Dollars by Jan Skoyles Gold Core   President Maduro Venezuela will create a basket of currencies to free us from the dollar, Oil traders ordered to stop accepting U.S. dollar in exchange for crude...

The post Oil Rich Venezuela Stops Accepting Dollars appeared first on The Daily Coin.

01:51

Nurses Join Forces With Labor Union to Launch Healthcare Platform Cooperative Grassroots Economic Organizing

The NursesCan platform cooperative, formed by five licensed vocational nurses, recently finished a pilot project providing on-demand, at-home care options for St. John's Well-Child and Family Center Clinics in South Los Angeles, California, which provides patients the option of having a nurse visit them at their home. The cooperative operates a mobile platform, too.

The pilot project proved successful for both the members of the cooperative and St. John's. The no-show rate for patients dropped dramatically, and St. John's reported that other quality indicators also improved.

Both the cooperative as well as the union see much potential to grow this model to connect more healthcare providers and nurses. The NursesCan Cooperative is currently seeking new contracts that can allow it to expand and bring on more licensed vocational nurses as member-owners.

Read the rest at Shareable

 

Go to the GEO front page

01:44

Wirth Cooperative Grocery brings food, hope to north Minneapolis Grassroots Economic Organizing

It's probably not a stretch to say Emmett Hutchinson could be Wirth Cooperative Grocery store's biggest booster. He brought in more than three dozen new shoppers after the Aug. 10 opening with an enthusiastic pitch.

"Come and check it out. It's our store," he said. "This is a community store, so it's our store."

On a recent day, he'd convinced his nephew Desean Tennin to give it a look, and Tennin was impressed.

"This store right here is a big step," Tennin said, taking in the scene. "I like it. It's nice, organic and everything. I like how the store is laid out, the colors and everything. It makes you feel at home. I'm going to come back and bring other people with me."

Read the rest at Minnesota Public Radio News

 

Go to the GEO front page

01:35

Building decentralised open source with my tech co-op Grassroots Economic Organizing

Protozoa is a worker-owner cooperative. While Im writing this, the other co-owners, Piet and Dominic, are hard at work on different things , like contract work and collaborations with other decentralised projects (were currently crushing on the Economic Space Agency).

For us, contributing to the commons is an important part of our work. It makes all our future work better, and helps build working relationships with other excellent humans.

Read the rest on Medium

 

Go to the GEO front page

01:30

Chris Powell: Gold Schemes, Journalist and Freedom The Daily Coin

Chris Powell: Gold Schemes, Journalist and Freedom by Rory The Daily Coin Over the past six weeks we have heard from the mainstream media on five different times. The Wall Street Journal published an article that featured Ronan Manly,...

The post Chris Powell: Gold Schemes, Journalist and Freedom appeared first on The Daily Coin.

01:30

Marc Faber is Buying More China (Video) The Daily Coin

Marc Faber is Buying More China Video CNBC via iBankCoin Video Source

The post Marc Faber is Buying More China (Video) appeared first on The Daily Coin.

01:30

The Space Race Is Now "Privatized" But You're Still Paying for It Financial Sense

By Mises Institute In the wake of Sputnik Is success on October 4, 1957, in which the USSR could stake claim to having built the first artificial earth satellite, a cosmic shift in perception took hold. Whatever advantages US society...

New Trump Tactics Help Greenback and Rates Financial Sense

By Marc Chandler In the face of much cynicism and pessimism about the outlook for the Trump Administration's agenda, we have repeatedly pointed out the resilience of the system of checks and balances. Many of the more extreme...

Janet Reno, American Saint Mises Wire

By: James Bovard
reno.PNG

When former Attorney General Janet Reno died last November, the media heaped praise on her as if she had been justice incarnate. Reno had long enjoyed sainthood inside the Beltway; the Womens Bar Association of the District of Columbia even created a Janet Reno Torchbearer Award. But Renos record of deceit, brutality, and power grabs should not be forgotten by any American who cares about freedom.

Shortly after Reno became attorney general in 1993, she approved the FBI final assault on the Branch Davidians holed up in a rickety building outside of Waco, Texas. She went on Nightline the evening after 80 people died in a conflagration and announced, I made the decision. Im accountable. The buck stops with me. Reno then asserted that the fiery end was all somebody elses fault: I dont think anybody has ever dealt with a David Koresh, who would purposely set people afire in that number. Nightline host Ted Koppel asked Reno why the feds used tanks to ram the compound down. Reno replied, I think that what we were trying to do was to give everybody an opportunity to come out in the most unobtrusive way possible, not with a frontal assault.

Reno masterminded a cover-up of the federal role at Waco. Americans did not learn until 1999 that the FBI had fired pyrotechnic grenades into the Davidians home, which could have started the fire that left 80 people dead. She also muzzled federal officials who had been involved at Waco. When she traveled to Oklahoma to hype Clintons crime bill in a speech in April 1994, FBI agent Bob Ricks, who had been the agencys daily spokesman during the 51-day siege, told Reno that many people were still agitated by Waco and asked that the gag order be lifted on himself and other officials. Reno replied, I dont think the American people care about Waco anymore.

The Oklahoma City bombing the following April showed otherwise. In a speech a few weeks later, Reno told federal law-enforcement agents, There is much to be angry about when we talk about Waco and the governments conduct is not the reason. David Koresh is the reason. She also revealed that the first and foremost reason for the tank and gas assault was that law-enforcement agents on the ground concluded that the perimeter had become unstable and posed a risk both to them and to the surrounding homes and farms. Individuals sympathetic to Koresh were threatening to take matters into their own hands to end the stalemate, were at various times reportedly on the way. This new first and foremost reason was a convenie...

01:18

Truth Slip AWESOME FOR GOLD: MSM Anchor BUYS PHYSICAL GOLD Max Keiser and Stacy Herbert

Thanks World Gold Council for the Tip:

Here are some of the best parts:

I bought gold for the first time this year. Not a gold ETF like GLD or a gold miner stock like Barrick (ABX), but actual physical gold. I had a limited budget, but wanted it as a diversification and a small hedge against the coming zombie apocalypse or market crash, take your pick.

Jim Rickards, noted gold bug and author of numerous books on gold, including The New Case for Gold, recommended I buy

> Click here to read the rest of this article on Silver Doctors

IndyWatch Economic News Feed Archiver

Go Back:30 Days | 7 Days | 2 Days | 1 Day

IndyWatch Economic News Feed Today.

Go Forward:1 Day | 2 Days | 7 Days | 30 Days

IndyWatch Economic News Feed was generated at World News IndyWatch.

Resource generated at IndyWatch using aliasfeed and rawdog