• EquityNet
    07/30/2015 - 07:23
    Elio Motors announced earlier this week that it has received “non-binding indications of interest” valued over $25MM through its initial crowdfunding campaign on StartEngine. To date, the company has...

Fat Cats

Tyler Durden's picture

How The US Government Blew $1 Billion In Taxpayer Funds On "Ghost Schools" In Afghanistan





In the wake of so many wasteful, inhumane and disastrous foreign policy failures, the U.S. government has been desperate to highlight some significant successes in order to justify all of these tragic foreign imperial blunders. One such supposed success relates to education in Afghanistan, an area into which some $1 billion in taxpayer money has been spent to build schools and pay teachers according to Buzzfeed. U.S. Government officials have consistently trumpeted all of the good work that has been done in this regard, but there’s one slight problem. Not only are most of the statistics complete bogus, but in many cases, a lot of this U.S. wealth that was meant to be targeted for education, has gone straight to the coffers of some of the most ruthless warlords in the county. How could this happen you ask?

 
Tyler Durden's picture

Happy 6th Birthday: The Day FASB Folded & "Mark-To-Fantasy" Was Born





The captured corporate MSM is celebrating the six year anniversary of when the stock market bottomed in March 2009. They will spin a false narrative of Bernanke, Obama and Geithner saving the world with TARP, QE, and the $800 billion Porkulus bill. In fact, Bernanke and Geithner stopped the market from falling in March 2009 by threatening the accounting geeks at the FASB and forcing them to allow fraudulent reporting by the insolvent Wall Street banks. The crisis ended – precisely – on March 16, 2009, when the Financial Accounting Standards Board abandoned FAS 157 "mark-to-market" accounting, and Mark to fantasy was born.

 
Tyler Durden's picture

Why Does Maryland Have The Most Millionaires Per Capita? The Answer Might Make You Angry





Over the past decade, there has been one area of the country which has experienced a massive economic boom. Thanks to wildly out of control government spending, the Washington D.C. region is absolutely swimming in cash. In fact, at this point the state of Maryland has the most millionaires per capita in the entire nation and it isn’t even close.

 
Gold Standard Institute's picture

A Salvo in the Battle for the Gold Standard





Many argue money should be defined as the medium of exchange--the dollar. The catch is that the dollar only circulates because the government forces it to circulate...

 
Sprott Money's picture

Get Ready For (Fraudulent) Higher U.S. Interest Rates





The U.S. government is already bankrupt. This is old news to anyone who has been following the number-crunching of individuals such as former Reagan economic advisor, Professor Lawrence Kotlikoff. The U.S. government, the greatest debtor in the history of the world, claims that it is about to (finally) raise interest rates, which have been permanently/fraudulently frozen at 0% for now over 6 years.

 
Bruno de Landevoisin's picture

Uncork the Central Bank Bubbly!





The Federal Reserve and its owners print and party, while the rest of us work and weep..................

 
Sprott Money's picture

The 2014 Black Friday Shopping Massacre





It is no secret to properly informed readers that the U.S. economy is mired in a Greater Depression. All claims of economic growth and a “U.S. recovery” are nothing more than a flimsy fraud. This fiction requires nothing more than lying about the rate of inflation, as all estimates of GDP are directly derived from the official rate of inflation.

 
Tyler Durden's picture

This Is Why Rand Paul Is Hillary Clinton's Worst Nightmare





As Hilary Clinton starts to ponder the curtains she wants to hang in the Oval Office, there is only one person who can realistically stand in her way: Rand Paul.

 
Tyler Durden's picture

An Open Letter To Janet Yellen





"For real world people, it is a simple common sense that wealth does not fall from the sky. It has to be produced. It is beyond me that such an obvious truth is so difficult for elite economists to comprehend. This is largely because they just sit in the ivy tower, imagining the magic golden touch such as monetary and fiscal policies, mocking practitioners. They are so ignorant and arrogant."

 

 
Pivotfarm's picture

US Middle-Class Is Going





Every wondered why the rest of the world envied the US middle-class? There were many reasons once, a long time ago and one of them was their affluence, their wealth, their ability to be able to afford whatever they wanted.

 
Bruce Krasting's picture

Wall Street To The Rescue??





Wall Street can clean up junk well enough, but it can't make it go away.

 
Tyler Durden's picture

How Healthy Is The Real Estate Market?





The strength of the real estate market should not be measured by price appreciation, or the number of new and existing home sales. It should be measured by the support of underlying fundamentals and whether they can help to withstand economic cycles without policy makers having to go hog wild just to avoid a total collapse.

So how healthy is the real estate market today?

 
Pivotfarm's picture

Banks: You Can Bank on It!





We all knew that cultures were different and that we all had a unique way of doing things that run our daily lives. In Europe they tell the banks that they will die if they are weak (apparently, after the statement issued by Danièle Nouy, overseer of the Singe Supervisory Mechanism).

 
Bruce Krasting's picture

Obama on the Money - SOTU Edition





Tonight, when O does call for higher taxes on the rich, half of the congressmen will stand and applaud.

 

 

 
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