What Every Well-Dressed Indian Businessman Is Wearing This Summer - A $210,000 Gold Shirt

18 months ago - before The Reserve Bank Of India went full gold-tard (raising duties and capital controls), 32-year-old Datta Phuge unleashed his $25,000 gold shirt on the world's women, proclaiming "I know I am not the best looking man in the world but surely no woman could fail to be dazzled by this shirt?" However, as RBI has lifted some gold restrictions (realizing the error of their ways after smuggling exploded), we introduce 45 year-old politician and textile magnate Pankaj Parakh... and his $250,000 gold shirt weighing 3.3 kilograms which took 20 people 3,200 hours to create. Now, if that doesn't get him laid (or shot) we don't know what will...

How The Fed Creates Money

What does the future look like for fiat currencies? (e.g. the dollar, the euro, the yen, the pound...) In the case of the dollar (which operates similarly to the other major world currencies), we know that - since all are "loaned into existence" - all dollars are backed by an equivalent amount of debt. Debt upon which interest must be paid. As all outstanding debt must compound over time at the rate of its interest (at least), we come to this important conclusion: Our money system is designed to grow exponentially. And it requires ever more debt in order to do so.

This Is How Putin's Advisor Sees The Ukraine Crisis Playing Out

“The point of a series of regional wars organized by the Americans, especially today’s catastrophe in Ukraine, centers on the U.S. securing control over all of north Eurasia” to bolster “its position against China. That’s how the U.S. military and oligarchs are trying to maintain leadership in the global competition with China....Task no. 1 is to block those threats to economic security that are now coming from the U.S., neutralize them by reducing the dependence of our external economic activity on the mercy of American politicians, whose aggressiveness threatens the entire world."

The Gold Market: An Analysis Of Recent Geopolitical, Economic And Banking Events

Physical gold is migrating to the East (Russia, China) and, with it, power and influence. We see it with China and Russia progressively imposing their will, building consensus with a great many countries that wish to end American domination made possible by their capacity (privilege) of issuing the world reserve currency. The saying, “He who holds the (physical) gold makes the rules”, is truer than ever. The announcement of the creation of the BRICs development bank is just the first cornerstone in the new international monetary edifice. All we have to wait for is the first official announcement from the East of a new means of settlement of commercial trade based on one or more tangible assets, with gold. Afterwards, logically, an announcement of the convertibility of certain currencies into gold, or even the creation of a new currency that would be convertible to gold, should be made.

Guinea Closes Borders With Liberia & Sierra Leone As Ebola Death Count Nears 1000

In an effort to stop people entering the country, The BBC reports, Guinea said it was closing its borders. "We have provisionally closed the frontier between Guinea and Sierra Leone [and Liberia] because of all the news that we have received from there recently," Health Minister Remy Lamah told a news conference. Ironically, the latest outbreak is thought to have begun in Guinea, but Liberia and Sierra Leone are currently facing the highest frequency of new cases. It appears things are not going according to plan...

When The Money Runs Out... So Does The Empire

Empires are not the result of conscious thought; they happen when a group is large enough and powerful enough to impose itself on others. But empires are expensive. They are typically financed by theft and forced tribute. The imperial power conquers... steals... and then requires that its subjects pay “taxes” so that it can protect them. The US never got the hang of it. It conquers. But it loses money on each conquest. How does it sustain itself? With debt.

President Obama Warns Iraq Situation "Is A Long-Term Project... Won't Be Solved In Weeks"

Just before he headed off to Martha's Vineyard for another vacation, President Obama explained the situation in Iraq (standing in front of the impressive Presidential helicopter) careful to use the phrase 'men, women, and children' numerous times. He called on Iraqis to unite against militants (subtley suggesting the reason the Iraq military ran away was because of a dis-united government). Crucially, he noted Iraq's Islamic State "problem will not be solved in weeks."

German Handelsblatt Releases Stunning Anti-West Op-Ed, Asks If "West Rabble-Rousers Are On The Payroll Of The KGB"

Up until this point Angela Merkel, and German media in general, had been staunchly on the side of the west when it comes to dealing with Russia, Putin and realpolitik in broader terms. That changed dramatically today when Gabor Steingart, the chief editor of Handelsblatt, Germany's leading economic newspaper, came out with a stunning op-ed, in German, English and Russian, titled simply that "The West on the wrong path" in which the editor comes out very vocally against the autopilot mode German media has been on for the past several months and calls for an end to a strategy of sanctions and Russian confrontation that ultimately "harms German interests" and is a dead end.

Organized Community Defense Is America’s Last Hope

When people ask for solutions to the collapse of America, often they are looking for a predetermined top-down magic bullet response. There is no such thing, nor will there ever be. There is no scenario in which we will escape unscathed. There is no cartoon-land happy ending at the finale of this story. The “solution,” as it were, is ultimately something that many do not want to hear about; namely, hard work, sacrifice and a willingness to put everything on the line for the future. Our only advantage is that we still have some time, and any time is better than no time.

Guest Post: How The Destruction Of The Dollar Threatens The Global Economy

The failure to understand money is shared by all nations and transcends politics and parties. The destructive monetary expansion undertaken during the Democratic administration of Barack Obama by then Federal Reserve chairman Ben Bernanke began in a Republican administration under Bernanke’s predecessor, Alan Greenspan. Republican Richard Nixon’s historic ending of the gold standard was a response to forces set in motion by the weak dollar policy of Democrat Lyndon Johnson. For more than 40 years, one policy mistake has followed the next.  Each one has made things worse. What they don’t understand is that money does not “create” economic activity.

Washington Opened The Gates Of Hell In Iraq: Now Come The Furies

The late, great critic of the American Imperium, Chalmers Johnson, popularized the salient concept of “blowback”. That is, the notion that if you bomb, drone, invade, desecrate and slaughter - collaterally or otherwise - a people and their lands, they might find ways to return the favor.

US Foreign Policy Is "A Combination Of Naive Denial & Incoherent Mumbling"

"The U.S. Administration in particular has passionately thrown off the mantle of leadership and replaced it with a combination of naïve denial and incoherent mumbling... if the world perceives a superpower as strong, reliable and willing to take action to back its promises, that perception can and does preserve stability, and the opposite can encourage mischief and danger. The world is currently experiencing a surfeit of the latter. There is no way to tell how deep and consequential the danger, or the surprising ways and places in which this interconnected problem will be resolved. The range of potential outcomes, however, is negative to very bad."

"By Printing Money," Marc Faber Warns "The Fed Has Delayed The Inevitable 'Cleaning' Process"

With credit markets beginning to creak, market internals flailing, and numerous sectors and individual stocks in a state of correction or bear market, it appears Marc Faber's calls for a big correction in stocks is more right than wrong but the algo-driven exuberance in indices maintains the illusion a little longer (even as the number of leading stocks drops). However, with redemptions increasing in credit, and costs of funding rising, perhaps Faber's insights in the following interview with a radiant Trish Regan are about to be realized. "By printing money, [The Fed] has delayed the cleaning process," as mal-invested capital (and self-referential buybacks) have sustained (and even encouraged) the worst quality companies. As corporate defaults pick up (and The Fed's free money dries up), perhaps that cleaning process will be allowed into the free-market producing "the big sell-off" Faber sees in the Fall.

Ontario Hospital Treating Nigerian Passenger With Ebola-Like Symptoms

It appears - just as CDC Director Frieden feared - that an escalation of the Ebola virus in Nigeria would mean major risks. While it is too soon for results, City News is reporting that Brampton Civic hospital is taking precautionary measures after a patient who recently travelled to Canada from Nigeria came down with a fever and other flu-like symptoms. This comes on top of the fact, as Time reports, that the CDC has received dozens of calls from all over the United States about people that had gotten sick after traveling to Africa.

Visualizing The Costs Of Drug Addiction

Drug addiction ravages the health of the body and mind, but it can also be ruinous to the wallet. Here is a look at the financial costs associated with drug addiction and treatment, which for most people includes counseling.