Peel back the layers of the TPP and you’ll find what some believe to be a “corporate Trojan horse.” Disguised as “free trade,” the TPP’s provisions and tactics undermine Constitutional safeguards and national sovereignty. But there’s also a silver lining. The TPP exposes who, in the marbled halls of political power, is working for whom. It forces politicians to put their cards on the table, and by their hands you will know them. Packaged as a gift to the American people that will renew industry and make us more competitive, the Trans-Pacific Partnership is a Trojan horse. It’s a coup by multinational corporations who want global subservience to their agenda. Buyer beware. Citizens beware.
Having faced up to the dreadful reality of a dust-bowl-esque California, and following Governor Jerry Brown's mandatory water restrictions, The LA Times reports a growing list of 'plans' to solve the state's water shortage is growing. From innovations to insanity - from iceberg-towing to biodegradable towels and from 'water pipelines' to bumper stickers - officials have cataloged more than 170 messages containing suggestions and received untold more in emails, phone calls and public meetings.
Fed-created bubbles are inevitably going to implode, because they have no relation to economic reality whatsoever. And when they implode, millions of Americans are going to be financially wiped out. Just like David and Jackie Siegel, “America’s time-share king”, America just keeps on making the same mistakes over and over again - we simply can’t help ourselves. And in the end, we will all pay a great, great price for our utter foolishness.
The system can certainly be given some sort of name, but a functioning democracy it’s not. If anything, a democracy is “A system of government in which power is vested in the people”. Makes us wonder how many clients of the 421 foodbanks and counting have voted Conservative and figured they were proudly doing their democratic duty.
In the coming months, however many hours Clinton spends introducing herself to voters in small-town America, she will spend hundreds more raising money in four-star hotels and multimillion-dollar homes around the nation. The question is: "Can Clinton claim to stand for 'everyday Americans,' while hauling in huge sums of cash from the very wealthiest of us?" This much cannot be disputed: Clinton's connections to the financiers and bankers of this country - and this country's campaigns - run deep. As Nomi Prins questions, who counts more to such a candidate, the person you met over that chicken burrito bowl or the Citigroup partner you met over crudités and caviar?
America’s uniquely irrational behavior among civilized nations, whether or not a product of our diverse multi-racial society, has not served the country well during the past two decades adding the social problems created by racial inequality to an ever-widening economic inequality among Americans that Ronald Reagan legated to us. And as social inequality merges with economic inequality, a synergy of resentful rage is being created in cities and communities largely populated by people of color. Enter the city of Baltimore with a two-thirds black population, America’s problem-du-jour.
Unless you are growing sales i.e. expanding the business, any growth in cash flow is temporary. And that is really the point of all this isn’t it? So go ahead boys tell me how the market is fairly valued. Tell me that PE’s prove it. Tell me how earnings are great and that unemployment is bang on in line with a full steam ahead economy. Tell me the lackluster economic growth year on year since the big bang is just transitory pains with a bit winter thrown in. I, like you, will smile and nod, both knowing it’s a lie and both of us preparing for the reset.
Pity the Tax Donkeys who pay for everyone below and further enrich the few above. "No representation without taxation" only works for the top .01%; Tax Donkeys pay huge taxes but have no representation in a system that auctions political power to the highest bidders.
For all who are still confused why there are no wage hikes despite the Fed's relentless efforts to micromanage the economy and stimulate wage growth via trickle-down record high stock market prices, the answer is that there is wage growth. Just not for 83% of the working population.
There is grave danger in the lack of momentum, as momentum serves as an indirect proxy for belief and rationalizations. Once they fade away it is harder to deny reality any longer. At the very least, top or not, it seems as if investors all across the financial landscape are themselves are losing faith not just in monetary policy and the economy but maybe even the idea that this was anything more than yet another bear market rally. Even Janet Yellen might think so; after all the “dollar” beat her to it.
Hitler’s policies are still viewed to this day as a great example of how unprecedented government intervention fixed a dire economic problem. In short, Hitler laid a golden egg and produced an economic miracle. As early as 1933, even before any miracle could be seen, the New York Times had nothing but praise for his ambitions, according to the following front page headline: “There is at least one official voice in Europe that expresses understanding of the methods and motives of President Roosevelt—the voice of Germany, as represented by Chancellor Adolf Hitler.” Unfortunately for the people living under the Third Reich, this was never allowed to happen. All of these efforts became increasingly subordinated to the logic of war.
In a quarter in which US GDP is set to decline consumer credit, according to the latest update from the Federal Reserve, increased by just over $45 billion. But how is it possible that with such a massive expansion in household credit there was no actual benefit to the underlying economy? Simple: 98% of the credit lent out in the first quarter, or $44.3 billion, went to student and car loans!
The market is currently engaged in the longest bull run in history without a 10% correction. The decline in momentum, the weakness in economic underpinnings and lack of Central Bank interventions (not to mention the threat of an increase in overnight lending rates) certainly provide the necessary ingredients for a sharper than expected correction this summer.
The consequences and patterns of war, whether by one nation against another or by a government against the citizenry, rarely change. However, the methods of war have evolved vastly in modern times. Wars by elites against populations are often so subtle that many people might not even recognize that they are under attack until it is too late. Any defense the American people might muster against elitist dismantling of constitutional liberties would inevitably turn to "insurgency". So using CFR member Boot’s views on counterinsurgency as a guideline, here is how the elites will most likely wage open war on those within the American population who have the will to fight back.
66% of working age people surveyed by HSBC indicated they plan to depend at least partially on an inheritance they may or may not receive to fund their retirement. Ironically, a quarter of respondents in the same survey said they planned to spend all of their money before they die, leaving the next generation to fend for itself.