Is there any hope for our country as long as the vast majority of the population is continually plugging themselves into this enormous "propaganda matrix"?
Former McDonalds CEO Crushes The Minimum Wage Lie: "It's Cheaper To Buy A Robot Than Hire At $15/Hour"Submitted by Tyler Durden on 05/26/2016 05:18 -0400
"I was at the National Restaurant Show yesterday and if you look at the robotic devices that are coming into the restaurant industry - it’s cheaper to buy a $35,000 robotic arm than it is to hire an employee who’s inefficient making $15 an hour bagging French fries - it’s nonsense and it’s very destructive and it’s inflationary and it’s going to cause a job loss across this country like you’re not going to believe."
"The worst fear I have is that Mrs. Hillary Clinton will become president. That is my worst fear. I would vote for anyone in the world before I would choose Hillary Clinton. She’s dishonest, she’s a liar and she has deceived people..."
"We’re both against corporatism. We’re both against the special benefits to big business. His answer to that wouldn’t always be the same. Mine would always drift to the free markets. His would drift to ‘well we need more government to redistribute wealth,’ but we could both attack subsidies to business or the military industrial complex. In that sense, there is a kinship."
"We said right from the beginning, right after the debate where he said, 'enough of your damn emails,' he also said, 'there's a process...it's going forward,'" Jane Sanders said Thursday on Fox Business. "It's an FBI investigation...we want to let it go through without politicizing it and then we'll find out what the situation is and that's how we still feel. I mean, it would be nice if the FBI moved it along," she said with a laugh.
Forex is a complicated topic, not covered objectively by the main stream media. Zero Hedge has been the best online outlet to provide coverage of Forex.
- Stocks up as investors look to end bruising week on a high (Reuters)
- Treasuries Set for Two-Week Gain; Greenspan Warns of Global Risk (BBG)
- Yellen, alongside Fed alum, says rate hikes on track (Reuters)
- Oil Prices Lifted by Fed Comments on U.S. Economy (WSJ)
- China says G20 summit should be about economics, not politics (Reuters)
- Cameron Accused of Hypocrisy for Stake in Father's Offshore Fund (BBG)
Both Cruz and Sanders win Wisconsin, in line with what the polls had predicted.
The horrific terror attacks in Brussels, Belgium on March 22, 2016 are going to reverberate in our memories for years to come, and perhaps that was the intention. Terror attacks are designed to create fear and to get attention, and these attacks have definitely done both. But what was the real motive for these attacks? The following are 7 strange questions about the Brussels terror attacks that the mainstream media is not asking...
Eagles of Death Metal lead singer, Jessie Hughes, made a stunning statement in an interview with Fox Business Network: He believes it’s possible security guards at the Bataclan Theater knew about the Paris terror attacks in advance.
Something "disturbing" has emerged for financial pundits whose only job is to appear on CNBC, Fox Business or Bloomberg TV and to present their recurring daily permabullish view while pocketing a commission in exchange for the (almost) free advertising: a proposal which would hold them accountable for their recommendations. The result: an industry-wide panic about a post "fiduciary rule" world in which talking heads on CNBC can't simply disappear for a few months after saying that "Bear Stearns is fine" days before the bank spontaneously combusts.
Only in America's so-called democracy could a proven "loser" so vehemently and shamelessly condemn a current "winner" with the goal of overturning 'we, the people's' prospective leader in favor of himself. In the latest (and most desperate) action from the neocon establishment, CNN reports Romney has instructed his closest advisers to explore the possibility of stopping Donald Trump at the Republican National Convention (by revising rules for instance). As The GOP self-immolates, perhaps Romney - as the mouthpiece of the establishment - should pay heed to Florida Governor Risk Scott who explained "I trust the voters, so I will not try to tell the Republican voters in Florida how to vote." Democracy, indeed.
Ted Cruz is no libertarian, Ron Paul rages, adding that "You take a guy like Cruz, people are liking the Cruz - they think he’s for the free market, and [in reality] he’s owned by Goldman Sachs. I mean, he and Hillary have more in common than we would have..."
Speaking of the need for citizen participation in our national politics in his final State of the Union address, President Obama said, “Our brand of democracy is hard.” A more accurate characterization might have been: “Our brand of democracy is cold hard cash.” Cash, mountains of it, is increasingly the necessary tool for presidential candidates. Several Powerball jackpots could already be fueled from the billions of dollars in contributions in play in election 2016. When considering the present donation season, however, the devil lies in the details, which is why the details follow.
My overriding theme and the central drama for the coming year is that unexpected events can take on greater importance as the Federal Reserve ends its near-decade-long Zero Interest Rate Policy. Consensus premises and forecasts will likely fall flat, in a rather spectacular manner. The low-conviction and directionless market that we saw in 2015 could become a no-conviction and very-much-directed market (i.e. one that's directed lower) in 2016. There will be no peace on earth in 2016, and our markets could lose a cushion of protection as valuations contract. (Just as "malinvestment" represented a key theme this year, we expect a compression of price-to-earnings ratios to serve as a big market driver in 2016.) In other words, we don't think 2016 will be fun.