Great Depression

Deutsche Bank's Shocking ECB Rant: Warns Of Social Unrest And Another Great Depression

"In the 1920s the Reichsbank thought it could have 2,000 printing presses running day and night to finance government spending without creating inflation. Around the same time the Federal Reserve allowed more than a third of US deposits to be destroyed via bank failures, in the belief that banking crises where self-correcting. The Great Depression followed.... Today the behaviour of the European Central Bank suggests that it too has gone awry."

The Federal Reserve's Strange Behavior Makes Perfect Sense

If you think the Federal Reserve’s goal is to maintain or repair the U.S. economy, then you will never understand why they do the things they do or why the economy evolves the way that it does. The Fed’s job is not to protect the U.S. economy. The Fed’s job is to DESTROY the U.S. economy to make way for a truly global system.

"You Are Here"

We are in the midst of a Greater Depression, with the most trying times still ahead. Fourth Turnings never de-intensify. They intensify into a chaotic whirlwind, where the future of our civilization hangs in the balance. The climax of this play is a long way off. The election of Trump in November will trigger the transformational change that always happens during a Fourth Turning. An ill wind is beginning to blow. You can’t avoid the coming storm, but you can mentally and physically prepare. Our choices will make a difference.

Get To College, Get A Job, Get Poorer: Students Are Worse Off After Attending For-Profit Colleges

A new study by the NBER finds that in fact, students who left for-profit schools during the 2006-2008 timeframe were worse off after attending. A key factor, as the WSJ reports, is that most of these students never earned a degree, they dropped out. Making matters worse, and certainly contributing to the fact that over 40% of student borrowers don't make payments, is the fact that these students borrowed to attend the colleges.

What A 'Carve-Up' - Economists Fake-Panic Over Brexit

Carve-up, n. “An act or instance of dishonestly prearranging the result of a competition.” Just two hours before it was barred from issuing any more fatuous propaganda about Brexit, the UK Treasury last week managed to surpass themselves...

Here We Go Again: Wells Fargo Is Trying To Give Mortgages To Low-Income, Debt-Heavy Millennials Living At Home

Just last week we reported that a desperate to boost lending Wells Fargo was reintroducing 3% down mortgages on its own, without going through the FHA. Now we have direct confirmation that indeed Wells Fargo is desperate, and the plan to boost mortgage lending is to... drum roll... lure millennials out of the comfort of their parents home and into a house of their own. The fact that millennials don't make much money and are drowning in debt apparently doesn't bother Franklin Codel, head of home lending for the bank.

"The Stock Market Won't Crash, Yet" - The Barron's Cover Strikes Again

When it comes to Wall Street cover page superstitions, nothing beats the Barron's front page article jinx: just when you think something will never happen, Barron's confirms it on the cover, virtually assuring that it does. In which case, be afraid bulls, be very afraid, because if past is prologue Barron's just green-lit the next crash.

The New Millennial Dream: Make Over $200,000 And Retire At 90

Faced with an economy that is creating lower paying jobs, millennials are making less, piling up more debt, and more than any other time since the Great Depression, are returning home to live with their parents. In a video produced by Morningstar's U.K. unit, millennials discussed what their career aspirations are, and what they expect from their financial future. There were certainly some interesting, if not telling, responses as to the confused state of expectations vs. reality that millennials are dealing with at the moment.

Hard Times And False Narratives

The mainstream media mouthpieces for the establishment peddle false narratives, disingenuous storylines, and outright propaganda to keep the ignorant masses confused, oblivious to reality, misinformed, and passively submissive to the opinions of highly paid “experts” and captured fiscal authorities. We are living in hard times. The reason tens of millions of Americans are rejecting the establishment and voting for Trump and Sanders is because of economic hardship. Most Americans have been screwed over by the system and are finally getting fed up. They aren’t exactly sure who screwed them, how they were screwed, or how to stop getting screwed, but they are angry. And someone is going to pay. The status quo is beginning to get nervous. Their usual propaganda, scare tactics and misinformation campaigns don’t seem to be working.

Federal Reserve Accidentally Admits It Is Causing Inequality

"As stock prices rise, the gains are disproportionately distributed to the wealthy. Lower- and middle-income families who are also wealth-poor are less likely to expose their savings to the higher risks of equity markets.... gains in the stock market tend to benefit those in the wealthiest portion of the income distribution, who have better access to and higher participation in these asset markets."