• Sprott Money
    05/05/2016 - 06:02
    Why is a Deutsche Bank mouthpiece suggesting “negative retail deposit rates or perhaps wealth taxes”? The answer is to (supposedly) stimulate our economies.

Post Office

Tyler Durden's picture

Congress Wants To Turn The US Postal Service... Into A Bank





The Postal Service desperately needs cash. So what better way to raise capital than to sucker unsuspecting Americans into opening up Postal bank accounts? There’s a term for this. It’s called a Ponzi Scheme.

 
chumbawamba's picture

A Brief Rumination on the Coming Cashless Society





Here's a little ditty on signs of the looming cashless society that the banks are foisting upon the boiling frogs of America.

 
Tyler Durden's picture

Over-Reaching Government "Enables" Culture Warriors





In a libertarian world, people with these differing opinions and values can live side by side in reasonable harmony, each side following the famous Voltairian advice to disapprove of what someone says (or does), but defend to the death his right to say (or do) it. But this harmony breaks down when one group or the other seeks to put the heavy finger of government on their side of the scales.

 
Tyler Durden's picture

Indians Refuse To Give Their Gold To The Government: Only 30 Kilograms Take Part In "Gold Monetization Scheme"





One week after the gold scheme's official launch, we take a look at how has it has done so far. In one word, so far the "gold monetization" plan has been a disaster with a laughable 30 kilograms in gold tendered by the people from physical into "government-backed" form.

 
Tyler Durden's picture

Obama Explains Why 'The Greatest Corporate Power Grab In History' Is "The Right Thing For America"





While some have called The Trans-Pacific Partnership, "the most brazen corporate power grab in American history," President Obama tells Americans - in an Op-Ed released today - that "it’s the right thing to do for our economy, for working Americans and for our middle class" Despite indepedent analysis that appears to confirm  the creeping corporate coup d’état along with the final evisceration of national sovereignty, President Obama explains - in simple words - ObamaTrade is "a trade deal that helps working families get ahead," due, inhis opinion,  to the "toughest global labor laws" which will allow American workers to compete on a so-called "level playing field."

 
Tyler Durden's picture

Undermining Property Rights In San Francisco





We have ceased to live in a free market economy a long time ago. The only sector of the economy that has managed to remain relatively free in many ways is the technology sector, because it innovates so rapidly that it tends to stay a step or two ahead of politicians and the oligarchies giving them their orders. They simply cannot catch up quickly enough with regulating all these innovations to death. Lately technology has begun to invade the turf of a number of established service businesses... and that appears to be a problem for the crony 'capitalist' crowd.

 
Tyler Durden's picture

Job Cuts Soar To Highest Since September 2011 After Mass Army Terminations, Highest YTD Layoffs Since 2009





While we await for the BLS to report another seasonally adjusted Initial Claims report which will be near multi-decade lows, a far more disturbing report was released moments ago by outplacement consultancy Challenger Gray, which has done a far better job of compiling true layoff data, and which reported that in July there was a whopping 105,696, up 136% from the 44,842 job cuts in June, and the highest in nearly four years, or since September 2011, which the last time there were more than more than 100,000 layoffs.

 
Tyler Durden's picture

Frontrunning: July 20





  • Gold Plunges to Lowest Since 2010 (BBG)
  • In Greek crisis, one big unhappy EU family (Reuters)
  • Greek Banks Reopen Their Doors (WSJ)
  • Greek reshuffle hints at autumn election (FT)
  • Angela Merkel signals conditions for Greek debt talks (FT)
  • Dollar hits three-month high on rate view, pans gold (Reuters)
  • History Shows Iran Could Surprise the Oil Market (BBG)
  • ‘Charlie Hebdo’ Will Cease Publishing Cartoons of Prophet Muhammad (Newsweek)
 
GoldCore's picture

Americans “Looted” Nazi Gold – Reminder of Gold’s Role in Times of Crisis





In the last days of the Second World War American troops uncovered a large stash of gold, silver and paper currencies at the post office of a small town in eastern Germany called Plauen. Documents show that the stash was directly linked to SS chief Heinrich Himmler.

 
Tyler Durden's picture

FBI Uses Surveillance "Air Force" To Monitor US Citizens, AP Finds





The revelation that the FBI assisted the Baltimore Police Department in monitoring April's violent protests prompted a wider investigation by The Associated Press. "The FBI is operating a small air force with scores of low-flying planes across the country carrying video and, at times, cellphone surveillance technology — all hidden behind fictitious companies that are fronts for the government," AP reports. 

 
Tim Knight from Slope of Hope's picture

Chocolatey Goodness





Can you imagine, say, Steve Jobs allocating 30% of Apple's profits - - forever - - to a given charitable cause?

 
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