Fat Cats

Tyler Durden's picture

What It Takes To Be President Of The American Police State





Today’s presidential hopefuls must jump through a series of hoops aimed at selecting the candidates best suited to serve the interests of the American police state. Candidates who are anti-war, anti-militarization, anti-Big Money, pro-Constitution, pro-individual freedom and unabashed advocates for the citizenry need not apply. The carefully crafted spectacle of the presidential election with its nail-biting primaries, mud-slinging debates, caucuses, super-delegates, popular votes and electoral colleges has become a fool-proof exercise in how to persuade a gullible citizenry into believing that their votes matter. Yet no matter how many Americans go to the polls on November 8, “we the people” will not be selecting the nation’s next president.

 
Sprott Money's picture

Proof That the Top 0.1% Create Crashes





The Top 0.1% create our “bubbles” and they create our “crashes”, and they engage in these cycles of financial crime purely for their own profit. We have long suspected this. Now we have proof that they create the crashes.

 
Sprott Money's picture

A Big Bank Suggests WEALTH Taxation





Why is a Deutsche Bank mouthpiece suggesting “negative retail deposit rates or perhaps wealth taxes”? The answer is to (supposedly) stimulate our economies.

 
Tyler Durden's picture

The Great Divide: The Death Of The Middle Class





The Middle Class is dying. Unlike the oligarchs’ Big Banks, we are not “too big to fail.” Our jobs are gone. Our unions are gone. Our Middle Class wages are gone. Very soon, our homes will be gone. But don’t worry! It’s just the New Normal.

 
Tyler Durden's picture

Regardless Of Who Wins In November, Freedom & Liberty Both Lose





This is the new America system: a democratic politics of power, plunder and privilege in a perpetual social conflict of social classes, racial groups and gender identities. It is a system in which the individual seems weak, small and powerless; and needing “leaders” who will use politics to bring them to the social, economic, racial and gender “promised lands” that are laid before the constituent-voters, if only this or that political candidate is elected to set the world right for the benefit of a coalition of collective groups who want certain things and to which they are told they are entitled. This the outcome of the journey from liberal individualism to political collectivism.

 
Tyler Durden's picture

Will Donald Trump End Up Like JFK?





U.S. elections used to be simpler. They were battles between zombies and cronies. Traditionally, Democrats represent the zombies – the little guys who want more little payoffs and bribes. Republicans are supposed to represent the cronies – fewer in number but with more money – looking for tax breaks, contracts, subsidies, and ways to keep the zombies in their place... But politics is fluid. But while the cultural conservatives were at war with the cultural liberals... the Deep State grew. Today, it’s hard to tell the two parties apart.

 
Tyler Durden's picture

Financial Time Bombs Hiding In Plain Sight





The bear will soon be arriving in earnest, marauding through the canyons of Wall Street while red in tooth and claw. Our monetary central planners, of course, will once again - for the third time this century - be utterly shocked and unprepared. That’s because they have spent the better part of two decades deforming, distorting, denuding and destroying what were once serviceably free financial markets. Yet they remain as clueless as ever about the financial time bombs this inexorably fosters.

 
Tyler Durden's picture

A Nation Divided - Northeast Happiest In 8 Years As MidWest Comfort Collapses





Presented with little comment, aside to ask why is Bloomberg "Consumer Comfort" for The NorthEast region at its highest in 8 years, when The Midwest region's "Comfort" is plunging to its lowest since Nove 2014?

 
Sprott Money's picture

Renminbi Devaluation Signals High Stress in China’s Economy





Having covered the issue of “competitive devaluation” and currency-debauchment in considerable depth in recent commentaries, China’s “surprise devaluation” of the renminbi provides a practical, current example to illustrate the economic dynamics at work here.

 
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...

 
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