• 12/23/2014 - 13:41
    The system itself is completely corrupt and thoroughly rigged folks. What started as the totalitarian tiptoe has now turned into an extremely dangerous crony capitalist state.

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Forget Lost Decade, Japan Has Been 'Losing' Since WWII

Forget lost decade (or two), Japan's economic growth trajectory has fallen, almost unbroken, since the end of World War II... just one more decade, we are sure is all it will take to revive this Keynesian catastrophe... (one way or another)...



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Chicago Mayor Rahm Emanuel's Teenage Son Mugged Near Home

While the shockingly large scale of death and violence in Chicago has now become so mainstream as not to warrant daily attention by the media, the news that Mayor Rahm Emanuel's son Zach was robbed of his cellphone and assaulted around 10:05pm Friday night near the family's affluent neighborhood home is likely to raise public awareness of just how bad things are getting in 'Chiraq'. As The Chicago tribue reports, two males approached Zach from behind; one of them "placed his arm around the victim's neck in a rear chokehold," and the second one struck the teen with a fist, knocking him to the ground. The robbers took the teen’s cellphone and patted him down, the police report said. The mayor has an around-the-clock police detail - fully 5% of the 19th district's police manpower, but its whereabouts at the time of the robbery weren't disclosed.



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Drilling Our Way Into Oblivion: Shale Was About Land Gambling With Cheap Debt, Not Technological Miracles

The shale patch can exist in its present form only if it has access to nigh limitless credit, and only if prices are in the $100 or up range. Wells in the patch deplete faster than you can say POOF, and drilling new wells costs $10 million or more a piece. Without access to credit, that’s simply not going to happen. That’s about all we need to know. Shale was never a viable industry, it was all about gambling on land prices from the start. And now that wager is over, even if the players don’t get it yet. So strictly speaking my title is a tad off: we’re not drilling our way into oblivion, the drilling is about to grind to a halt. But it will still end in oblivion.



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Two Months After Saying "Deflation Isn't Going To Happen" ECB Warns "Negative Inflation" Is Coming

ECB's Vitor Constancio, October 26, 2014: "The scenario of deflation is not there because indeed we don't consider that deflation is going to happen."

ECB's Vitor Constancio, December 20, 2014:" "We now expect negative inflation in the coming months."



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2014 Year In Review (Part 2): Will 2015 Be The Year It All Comes Tumbling Down?

Despite the authorities' best efforts to keep everything orderly, we know how this global Game of Geopolitical Tetris ends: "Players lose a typical game of Tetris when they can no longer keep up with the increasing speed, and the Tetriminos stack up to the top of the playing field. This is commonly referred to as topping out."

"I’m tired of being outraged!"



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Martin Armstrong Asks "Will They Hang Bankers Again On Wall Street?"

What took place in Washington over the past two weeks with the repeal of Dodd Frank and then the effective repeal of the Volcker Rule sounds strikingly familiar to at least three previous periods in American History that led to total disaster. What the bankers just pulled off will lead to their demise.  They have played with a historical fire that may end in actual bloodshed. It would not be the first time they have been dragged from their palaces and hanged on the streets. That is what the term “BLACK FRIDAY” really stood for – the day a mob hanged bankers on Wall Street.



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Saudi Arabia Refuses To Cut Oil Output Even If Non-OPEC Members Do

As even Reuters observes this morning when discussing the ongoing crude rout, "the market slide has triggered conspiracy theories, ranging from the Saudis seeking to curb the U.S. oil boom, to Riyadh looking to undermine Iran and Russia for their support of Syria." It appears said theories will continue raging for a long time, because as Saudi Arabia's oil minister who has been extensively in the news in the past couple (that means "two" as per Janet Yellen) of month explained, the biggest OPEC oil producer said on Sunday it would not cut output to prop up oil markets even if non-OPEC nations did so, in one of the toughest signals yet that the world's top petroleum exporter plans to ride out the market's biggest slump in years, and that the price of crude is not going up any time soon.



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Watch As NYPD Officers Turn Their Backs On NYC Mayor Bill de Blasio

The following clip, proving beyond a shadow of a doubt the very real war that is raging between the NYC mayor's office and the city's police department, has to be seen to be believed.



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Two NYPD Cops Murdered In "Execution Style" Ambush, Shooter Commits Suicide - Live Coverage

The simmering cold war involving the NYPD and various elements of New York's population just went nuclear when just over an hour ago, reports hit that two NYPD officers were shot in their patrol car, and subsequently died, in what has been dubbed an "execution style" ambush in Brooklyn's Bed-Stuy area. The alleged shooter was chased by police and subsequently died of a self-inflicted gun wound.



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Judge Rules Obama's Abuse Of Executive Orders Is "Unconstitutional"

President Obama’s unilateral legislative action violates the separation of powers provided for in the United States Constitution as well as the Take Care Clause, and therefore, is unconstitutional.



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China Tests Nuclear ICBMs, US Analyst Warns "Arms Control Is Failing To Increase American Security"

China carried out a long-range missile flight test on Saturday using multiple, independently targetable reentry vehicles, or MIRVs, according to U.S. defense officials. As The Washington Free Beacon reports, the test of a new DF-41 missile, China’s longest-range intercontinental ballistic missile, marks the first test of multiple warhead capabilities for China (the DF-41 is capable of carrying up to 10 warheads and has a maximum range of 7,456 miles, allowing it to target the entire continental United States). Rick Fisher, a specialist on the Chinese military with the International Assessment and Strategy Center, warned "the beginning of China’s move toward multiple warhead-armed nuclear missiles is proof that today, arms control is failing to increase the security of Americans."



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There Is Hope In Understanding That A Great Economic Collapse Is Coming

George Orwell once said that during times of universal deceit, telling the truth becomes a revolutionary act“. That perfectly describes the era that we are currently living in. The truth does not bring fear and despair. Rather, the truth brings hope and it sets people free.



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The Day Einstein Feared Has Arrived



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