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thenews
Added topic Putin says new post-Soviet union ready for 2015 launch
Russian President Vladimir Putin said on Tuesday that the final pieces were in place for the 2015 launch of an economic union with Belarus and Kazakhstan that Moscow hopes can also be joined by Ukraine. Putin said following talks with Kazakh
thenews
Added topic November Durable Goods Jump, Driven By Abnormal Seasonal Adjustments
As we have pounded the table for the past 2 years, the one most fundamental component of a self-sustaining, "escape velocity" US recovery has been the persistent absence of corporate spending and capital expenditures, as a result of a corporate
thenews
Added topic Gold Is The Clear Winner Today
It's the day after Christmas, and many markets around the globe (especially in Europe and parts of Asia) are closed. While North American markets are open for trading, volume is light, as many market participants are on vacation. Naturally, things
thenews
Added topic UK could be Europe's 'largest' economy by 2030
The UK will be in a position to overtake Germany as Europe's largest economy, according to the think tank the Centre for Economic and Business Research (CEBR). The CEBR predicts that Germany will lose its current top spot in Europe by 2030. It cites
thenews
Added topic The NSA's Massive Phone-Tracking Program Is Legal, New York Judge Finds
Less than two weeks after Federal Judge Richard Leon ruled that the NSA's "indiscriminate and arbitrary" invasion of privacy is "likely" unconstitutional, giving a trace of hope that America may rise above its Orwellian Banana republic status, here
thenews
Added topic America Is Addicted To Porn
With food prices soaring, and alcohol demand on the rise, it seems the American public is turning to the only thing left... porn. Every 30 minutes a porn video is made, 30,000 people are 'consuming' pornography every second, and the industry earns
thenews
Added topic One million US jobless to lose financial aid
More than a million Americans will lose their unemployment benefits after an emergency federal programme expired on Saturday. Lawmakers failed to agree on an extension of the scheme before the US Congress began its winter recess. Former President
thenews
Added topic French Constituional Court Approves 75% Tax On High Earners
Almost a year ago, the French constitutional court ruled against Francois Hollande's triumphal blast into socialist wealth redistribution, with his proposed 75% tax rate on high earners, and so indefinitely delayed the exodus of the bulk of French
thenews
Added topic The Trends To Watch For In 2014
At the beginning of this year (2013), I identified eight key dynamics that will play out over the next two to three years (2013-2015): Trend #1: Central Planning intervention in stock and bond markets will continue, despite diminishing returns on
thenews
Added topic Martin Armstrong Warns Europeans Of The Coming Expropriation Of 10% Of Everyone's Acc
As we have discussed in depth previously (2 years ago here as "muddle through has failed" and most recently here as the IMF discussed a "one-off" wealth tax), a confiscation (akin to Cyprus overnight debacle) is coming and Martin Armstrong believes
thenews
Added topic CFTC Announces It Is Undercounting Size Of Swaps Market By As Much As $55 Trillion
What is $55 trillion between friends? Very little according to the CFTC. In perhaps the biggest under the radar news of the day - to be expected with every watercooler occupied by taper experts - the WSJ reports that the Commodity Futures Trading
thenews
Added topic A Tax Loophole For the Rich So Wide It Even Has a Name
We've all heard about that terrible death tax , hated by the super rich across America. This is the inheritance tax where Uncle Sam is supposed to get 40% of the estate that is passed onto heirs. The reality is this tax is not paid unless someone has
thenews
Added topic Ron Paul Blasts "After 100 Years Of Failure, It's Time To End The Fed"
A week from now, the Federal Reserve System will celebrate the 100th anniversary of its founding. Resulting from secret negotiations between bankers and politicians at Jekyll Island, the Fed's creation established a banking cartel and a board of
thenews
Added topic The Illustrated Guide To 4 Years Of Currency Wars
While central bank intervention in the foreign exchange markets is nothing new, the last 4 years have seen unprecedented use of direct and indirect (jawboning) manipulation of exchange rates. As Goldman Sachs notes non-cooperative exchange-rate
thenews
Added topic 2013 Year In Review
Every year, David Collum writes a detailed "Year in Review" synopsis full of keen perspective and plenty of wit. This year's is no exception. The 89-page tour-de-force is a must-read this holiday season for perspective on where we have been and where
thenews
Added topic The State Causes The Poverty It Later Claims To Solve
If one looks at the current paper money system and its negative social and social-political effects, the question must arise: where are the protests by the supporters and protectors of social justice? Why don’t we hear calls to protest from
thenews
Added topic Why The Fed Won’t Taper In December
Summary To gauge the likelihood of a December taper, we should think through the changes that might occur in the first paragraph of the FOMC’s statement, which is always a brief assessment of the state of the economy. While the committee will surely
thenews
Added topic The 1% Also Don't Pay Their Bills: 10 Ultra Luxury Properties In Foreclosure
As we reported yesterday, something odd is happening in the US, which supposedly is deep in a "housing market and economic recovery" - foreclosures on ultraluxury homes, those worth $5 million and over, have soared by 61% in 2013 (even as overall
thenews
Added topic In The Third Quarter, The Rich Got Richer By $1.9 Trillion
The quarterly Flow of Funds report by the Fed has been released and the latest household net worth numbers are out. While not nearly quite as dramatic as last quarter's wholesale dataset revision, which saw all of America suddenly worth $3 trillion
thenews
Added topic Central banks will move goal posts to keep QE forever
Forget the reforms in China, whether the euro EURUSD +0.07% survives, or whether Apple AAPL -0.02% ever gets around to launching that incredibly expensive watch that sends e-mails, plays games, and possibly even tells you what time it is. Right now
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