Mexico

Negative Rates & The War On Cash, Part 2: "Closing The Escape Routes"

History teaches us that central authorities dislike escape routes, at least for the majority, and are therefore prone to closing them, so that control of a limited money supply can remain in the hands of the very few. The existence of escape routes for capital preservation undermines the viability of the banking system, which is already over-extended, over-leveraged and extremely fragile. In the 1930s, gold was the escape route, so gold was confiscated. This time cash serves that role...

Frontrunning: September 6

  • G20 a success for China, but hard issues kicked down the road (Reuters)
  • Apple’s New iPhones Arrive, as Glow Fades (WSJ)
  • Philippines scrambles to soothe tensions after insult to Obama (Reuters)
  • CNN: Nine weeks out, a near even race (CNN)
  • More Records Releases Loom for Hillary Clinton (WSJ)

Clintonomics vs. Trumponomics

Immigration, terrorism, foreign policy, and the candidates' potentially problematic personality traits have dominated the 2016 US presidential race, and far less has been said about their proposals for the economy. But there are substantial differences between the two candidates in this respect, too, and they need to be examined.

Conquistador Trump

Trump’s stance in Mexico City and Phoenix reveals that there is no turning back. The die is cast. He is betting the election on his belief that the American people prefer his stands to Clinton’s call for amnesty. The “well-being of the American people” may be the yardstick by which U.S. policies will be measured in a Trump presidency. This is also applicable to Trump’s stand on trade and foreign policy.

Death Panel Discussion: Obamacare Costs Skyrocket; When Does It Stop?

Companies are taking advantage of a mix of laws that force insurers to include essentially all expensive drugs in their policies, and a philosophy that demands that every new health care product be available to everyone, no matter how little it helps or how much it costs. Anything else and we’re talking death panels...If Obamacare did not force insurers to provide coverage for every drug, and if Medicare put a cap on costs, prescription drug prices would crash. The same applies to operations and every other aspect of health care. Government is the problem, not the solution.

 

70,000 Left Without Power As Hurricane Hermine Makes Landfall

Some 70,000 households were left without power after Hermine was became the first hurrican to make Florida landfall since 2005, slamming Florida's northern coast for, before it weakened to a tropical storm and ploughed its way overland toward the Atlantic Coast on Friday.

The Secret Global Court: Why Corporate Criminals & Corrupt Politicians Desperately Want TPP

Obama needs to ensure he gets well compensated after leaving office for a job well done protecting, defending and further enriching the global oligarch class. This is precisely why he’s so adamant about passing the TPP during the upcoming lame duck session of Congress, when he knows “representatives” who no longer face reelection can be coerced or bribed into voting for this monumental public betrayal. The Trans-Pacific Partnership (TPP) ins’t really a free trade deal, it’s a way for global oligarchs to consolidate, grow and protect their enormous wealth. The whole thing is absolutely disgusting and epitomizes all that is wrong and unethical about the world today.

Ultra-Violent Venezuelan Gangs Ignore Maduro Crackdown: "Better To Fight Police, Than Each Other"

Amid threats of violence, opponents of Venezuelan President Nicolas Maduro flooded the streets of Caracas today (2 million strong) in a major test of their strength and the government's ability to tolerate growing dissent. However, for a nation that is forced to slaughter stallions for meat, line up for toilet paper, and dying from lack of simple medicines, Reuters reports that there is another destabilizing factor - ultra-violent street gangs are thriving..."It's better to work together than be enemies. It's better to make war with the police than with each other."