Demographics

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Ron Paul: "Americans Must Choose Non-Interventionist Free Markets For Peace & Prosperity"





Mark Spitznagel: "Mises will ultimately be right yet again about the inevitable final collapse of the current asset boom brought about by credit expansion. The term “black swan” (the surprising, unforeseen event) used for bursting financial bubbles has been and will remain a misnomer - we can and, indeed, should expect such tumults to occur at some point as a consequence of massive central bank intervention and economic distortion."

Ron Paul: "As to the unwinding of this mess, I’m convinced that when the current expansion ends it will be abrupt, gigantic, and worldwide. The 43-year expansion of Fed credit and debt, delivered to us by a fiat dollar standard, and held together artificially by an undeserved trust will end badly."

 
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The Italian Job: How Borrowing And Printing Lead To An Economic Dead End





Given that this is 'officially' the worst-recovery-ever, one wonders why does the abysmally failed and dangerous monetary experimentation continue unabated — as Yellen will undoubtedly confirm at Jackson Hole? Self-evidently, it is irresistibly convenient to both Wall Street and Washington. Yet these screaming juxtapositions are lost in the recency bias of the mainstream narrative. Invariably, the “in-coming” data is tortured and rationalized to prove that just a few more doses of money and debt will do the trick. Consequently, the pattern and signal is obscured amidst the immediate noise. It is therefore perhaps useful to consider a more advanced case of this Keynesian debauch from elsewhere in the world. Consider Italy.

 
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Chartporn: 18 Charts Exploring How The Ageing World Will Shape The Global Economy





Curious how the demographics of an aging world increasingly impact the economy, the spending, consumption and saving patterns, the earnings and wealth potential of various age groups, and the amount of pension funds available to satisfy an ever growing pie of future welfare recipients? Then the following 18 charts are for just you.

 
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Our Totalitarian Future - Part 1





Despots, dictators, and power hungry presidents arise in an atmosphere of fear, scarce resources, hopelessness, and misery. As the power of the central government grows; the freedoms, liberties and rights of the people are diminished and ultimately relinquished.

 
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Gold Trends: 2014 & Beyond





Along with Incrementum's 94-page extravaganza on gold, this infographic, the final in our 2014 Gold Series (part 1, part 2, part 3, & part 4 here) looks to the future, covering gold trends that investors should be watching through the rest of the year and beyond. With input from some of the most important names in gold such as Brent Cook, Doug Casey, Frank Holmes, Bob Moriarty, and James Fraser, we aim to cover the broadest and most important signals for investors to watch. Those include Chinese wealth, Indian demographics, money printing, debt, and a lack of significant gold discoveries.

 
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The Rot Within, Part II: Inflation Is Not "Growth"





Just as the Federal Reserve cannot directly force you to stick the needle of monetary heroin (debt) into your arm, it also can't force employers to pay employees more. The ultimate hubris of the Keynesian Cargo Cult (which includes the global economy's central banks) is the naive notion that they can manipulate an entire system with a few levers such that the desired outcome--and only the desired outcome--is the output. The idea that you can change one input in an interconnected system of systems and only affect the one output you want is not just naive and simplistic: it requires a level of blindness and incompetence that is off the charts.

 
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Krugman’s Latest Debt Denial: Why His Two Magic Numbers Don’t Cut It





Professor Krugman is at it again - conjuring fairy tales about a benign long-term fiscal outlook. Notwithstanding that the public debt has surged from 40% to 75% of GDP during the six short years since 2008, he claims there is no reason to fret and that there is no debt spiral anywhere in the future. In part that’s because the Keynesian priesthood has declared that interest rates have down-shifted on a permanent basis. Under a regime of even modest monetary normalization over the next quarter century, current fiscal policy will lead to interest rates that are far higher, not lower, than the growth rate of nominal income. So its time to put Greece right back into the front and center of the US fiscal picture.

 
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Martin Armstrong: Understanding The Extremes On Both Sides





"To make this perfectly clear, extreme views on the left or the right end up meeting in the same back parking lot where they agree the people are the great unwashed and are too stupid to see they need to be manipulated and controlled." The people behind the curtain do not change with the change between left and right up in front of the curtain. It is always about power regardless of the side of politics.

 
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Why Obamacare Is Pushing Up Health Insurance Premiums





Now that Obamacare has been enacted, Americans across the nation are seeing their health insurance bills spiking, leading to what has been a documented slide in full-time hiring, a drop in consumer discretionary spending, not to mention stagnant and declining real wages. In short: a broad economic contraction (yes, yes, who could have possibly foreseen this). But how is it that insurers set their prices? As Bloomberg explains, insurers are calculating what to charge for health plans in 2015, which is no simple task. Actuaries can’t easily forecast how often the millions of new Obamacare enrollees will go to a doctor. New federal rules and expensive drugs will also increase costs. Wrong guesses could wipe out profits. Here is a quick and dirty way to understand why premiums are going up.

 
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People Not In Labor Force Rise To New Record, Participation Rate Remains At 35 Year Lows





Those following the labor force participation rate (which as even the Census Bureau showed is declining not so much due to demographics but due to older people working longer and pushing younger people out of the labor force as we showed yesterday) will hardly be surprised to learn that alongside today's impressive NFP print, the reason why the unemployment rate took another big step lower from 6.3% to 6.1%, was once again as a result of the number of people not in the labor force, which in June rose to a fresh record high of 92,120K, up 111K from June.

 
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Slamming The Door Shut On The "Plunging Labor Force Participation Rate" Debate Once And For All





"Many older workers managed to stay employed during the recession; in fact, the population in age groups 65 and over were the only ones not to see a decline in the employment share from 2005 to 2010 (Figure 3-25)... Remaining employed and delaying retirement was one way of lessening the impact of the stock market decline and subsequent loss in retirement savings."

 
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Guest Post: How To Find Shelter From The Coming Storms?





Some basic suggestions for those who are seeking shelter from the coming storms of global financial crisis and recession.

 
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The Coming Global Generational Adjustment





All sorts of promises, explicit and implicit, were issued to win votes. All the promises are now empty, and we might as deal with this reality head-on... if we can muster up the almost-lost ability to deal with reality rather than rely on fantasy/wishful thinking.

 
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How Americans Spend Their Day: Less Work, More Sleep And TV





This week the BLS released its latest "American Time Use Survey" and unlike last year, this time we were not surprised to learn that not only are Americans far more preoccupied with sleeping and watching TV than working, but they have never slept more and worked less in the past decade. Perhaps in addition to obesity, the ongoing deterioration in the fundamentals of the US economy, already crushed by the Fed's central planning capital misallocation, may have something to do with this latest disturbing trend. Just perhaps. As John P. Robinson, a sociology professor at the University of Maryland, correctly observes,  "The data defies popular expectations. People say they're too busy for leisure and don't have time to sleep, but that seems not to be the case."

 
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