While many were skeptical that the mystical Nazi treasure train had been finally discovered after many years of searching, an official update last Friday by the Polish government suggested that that may indeed be the case. As the Mail reported on Friday, a representative of the Polish culture ministry, Poland’s National Heritage and Conservation Officer Piotr Zuchowski, said that the man who helped hide the train had revealed its location shortly before he died, and that proof of the train has been observed on radar. Mr Zuchowski told reporters that the train was about 100 metres long but added: 'It is not possible to disclose the exact location of where the train can be found.
Over the past several years, the two-day Jackson Hole symposium had garnered a particular prominence among economists and market watchers as this is where various key inflection points by the Fed were hinted, leaked or announced, including QE2, QE3 and the taper. This year, however, the gathering of central bankers in Teton County, will be less exciting due to the absense of the most important central banker in the world: Janet Yellen, which means the highlighter will be Vice-Chairman Stanley Fischer when he speaks tomorrow at 10:25pm which will be a key event given the recent market turmoil.
Though the Saudi Arabian government publicly declared its tentative support for the widely-praised Iran nuclear deal last month, new reports reveal it is secretly funding propaganda efforts to undermine it. A new group called the American Security Initiative has spent over $6 million on advertisements criticizing the deal — using money supplied by the Saudi monarchy.
Earlier this week, two people, a Pole and a German, said they may have found the legendary, long-lost Nazi train rumored to be full of gold, gems and guns, i.e., the prize possessions of years of Third Reich plunder, that disappeared just before the end of World War Two. As BBC first reported, the train was believed to have gone missing near what is now the Polish city of Wroclaw as Soviet forces approached in 1945.
The purpose of this article is to outline, with facts, large global structural issues that everyone, bulls and bears alike, should be fully aware of. This article will focus on much larger structural issues that have been building for years and decades. And no this article is not so much about central banks, debt issues, Greece, China, deficits, etc. While all these are important as part of the overall picture, they are mere current symptoms of a much larger issue that is at the core of all that is already in play and will only deepen in our societies in the decades to come.
Politicians have always labored under the entirely mistaken impression that one can keep people from doing what they actually want to do, or that markets can be suppressed by outlawing them. It turns out that kids don’t like to be told how their food should be prepared either. In fact, they absolutely hate it. Congress just received an update on the “unintended consequences” of Michelle Obama’s school lunch rules. Apparently the stuff she wanted to push on children just tastes really crappy and now a black market in salt, pepper and sugar has developed...
High school students, even those who are borderline-failing their SATs, have a better understanding of economics and job growth than Washington bureaucrats.
The NAR Sees "No Housing Bubble", So Here Is A Look At NAR's History Of Absolutely Disastrous ForecastsSubmitted by Tyler Durden on 06/22/2015 18:54 -0400
Prepare to laugh. A lot.
Is something really big about to happen?
For those concerned if their city is among the top most frequented by this particular, and very unpleasant, breed of "zombies", here are the top 50 cities in the US in which zombie foreclosures represent the highest percentage of all properties in foreclosure. For those readers certainly located among the Top 10, now may be a great time to hit a bid, any bid and get out while the getting is good.
America The Obese: Is There A Multibillion Dollar Conspiracy To Make Sure Americans Stay Overweight?Submitted by Tyler Durden on 05/29/2015 18:55 -0400
According to Gallup, America is now fatter than it has ever been before. But how can this possibly be? After all, Americans spend an astounding 60 billion dollars a year on weight loss programs and products. After putting so much time, effort and energy into losing weight, shouldn’t we be some of the healthiest people on the entire planet?
Former Secretary of State Hillary Clinton is expected to officially announce her candidacy for the 2016 presidential election on Sunday, putting an end to months of speculation about her plans. Here are some key things to know about the first Democrat to declare her candidacy...
There is virtually nothing in the substance of the deal for the War Party to attack. To defeat the deal, the War Party will have to defend its three-decade long campaign of exaggerations, distortions and bellicose animosity toward the Iranian state. But that is impossible because the axis-of-evil narrative was never remotely true. What the framework deal actually does, therefore, is to open the door to an eventual US withdrawal from its bloody, failed history of intervention in the middle east. So doing, it would pave the way for a drastic shrinkage of an obsolete war machine that has had no purpose since 1991 except to spill American blood and treasure in a region of the world where it has no business meddling. No wonder the War Party is going hysterical.
In so many ways, Warren Buffett and modern America are the same thing. An idea packaged and marketed so brilliantly, most of humanity unquestionably believes the myth. However, when you look beneath the surface, it becomes increasingly clear that neither of them actually come close to what’s printed on the package.