Medicare

US Government Releases 2015 Financial Statements: "Keeps Getting Worse"

Nearly every single dominant superpower throughout history was eventually consumed by its unsustainable finances. This time is not different. The finances of the US government are obvious, as is the trend. We’re not talking about what ‘might happen’ or ‘could happen’. We’re talking about what IS happening. And this is not a consequence free environment.

The Four Horsemen Of Economic Apocalypse Are Here

"...the economic patient is riddled with cancer - central banks are applying a defibrillator, but there's only so much electricity the patient can take before it becomes a burnt-out corpse."

How Government Buys Your Support

In Iraq and Afghanistan, US military officers routinely handed bundles of cash to local residents to buy influence and undermine resistance to the American occupation. Billions of dollars were shoveled out with little or no oversight as part of the Pentagon’s "Money as a Weapon System" program. In the same way, politicians have long relied on money as a weapon system to buy votes or to undermine resistance to Washington. Presidents and congressmen are not carrying out a formal counterinsurgency against the American people, but they realize that addicting citizens to government handouts is the easiest way to breed mass docility and stretch their power.

Here's Why (And How) The Government Will "Borrow" Your Retirement Savings

The bottom line is that government needs more money. Lots of it. And there is perhaps no easier pool of cash to "borrow" than Americans’ retirement savings. $7.3 trillion in US IRA accounts is too large for them to ignore. And if you think it’s inconceivable for the government to borrow your retirement savings, just consider the following...

America's National Debt Bomb Caused By The Welfare State

The news is filled with the everyday zigzags of those competing against each other for the Democrat and Republican Party nominations to run for the presidency of the United States. But one of the most important issues receiving little or no attention in this circus of political power lusting is the long-term danger from the huge and rising Federal government debt.

The Physics Of Energy & The Economy

When the economy collapses, it will collapse down to a lower sustainable level. Much of the world’s infrastructure was built when oil could be extracted for $20 per barrel. That time is long gone. So, it looks like the world will need to collapse back to a level before fossil fuels - perhaps much before fossil fuels.

Guest Post: How To Defeat Your Government

Lies are always misrepresentations of reality, and reality always wins. The US government rests on an inherently unstable foundation of whoppers - big lies so huge they would make big lie proponent Adolf Hitler blush. The first trick to defeating an enemy is to ascertain its biggest weaknesses and the lies, which it feeds itself, flowing from those weaknesses.

Savings Rate Surges To Highest Since 2012 As Spending Disappoints

The Keynesians will not be pleased. Despite the holiday season, December spending disappointed with no change MoM (0.0% vs +0.1% exp). This is further sentiment-destructivbe as income data rose more than expected MoM (+0.3% vs +0.2% exp) even as income growth YoY slipped to its weakest in 9 months. This of course means the personal savings rate rose, pushing to 5.5% - the highest since 2012.

Paul Craig Roberts: The West Is Being Reduced To Looting Itself

Something dire has happened to the intelligence and awareness of Western peoples who seem no longer capable of comprehending the machinations of “their” governments. Accountable government in the West is history. Nothing but failure and collapse awaits Western civilization.

Frontrunning: January 28

  • Unease over Fed rate path dents European stocks (Reuters)
  • Global Stocks Pressured After Fed Statement (WSJ)
  • Japan's Economy Minister Amari to Resign Over Graft Scandal (BBG)
  • Authorities working to clear remaining protesters in Oregon occupation (Reuters)
  • China Sharpens Efforts to Halt Money Outflow (WSJ)
  • Eurozone January Economic Sentiment Falls Sharply, Hits 5-Mth Low (MNI)

Why Lower Gasoline Prices Are Not Stimulating The Economy

Fed officials and financial news reporters are collectively wondering why the economy seems to be slowing down, even though lower oil and gasoline prices ought to be a stimulative factor.  If consumers are spending less of their money on gasoline, then they ought to have more to spend on other stuff, or so goes the reasoning.  So why is it not working?

The Rejection Election - A Leap Into The Dark

For the Sanders and Trump voters, the status quo seems not only unacceptable, but intolerable. And if their candidates and causes do not prevail, they are probably not going to accept defeat stoically, and go quietly into that good night, but continue to disrupt the system until it responds. Unlike previous elections in our time, save perhaps 1980, this appears to be something of a revolutionary moment. We could be on the verge of a real leap into the dark.