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Off The Cuff: The Fault-Ridden Fed

Chris Martenson - July 30, 2015 - 15:25

In this week's Off The Cuff podcast, Chris and Mike "Mish" Shedlock discuss:

  • The Fed's Faulty Fears
    • The people running it are concerned about the wrong things
  • Are We At A Market Top?
    • Hard to call it, but it sure feel so
  • Europe's Woes Are Worsening
    • Capital is fleeing, while debts grow
  • Our ""Markets"
    • Nobody but central banks and bots buying these days

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Categories: Economics

Daily Digest 7/30 - Survival Lessons from the Greek Crisis, The Colossal Hoax Of Organic Agriculture

Chris Martenson - July 30, 2015 - 07:16
  • The Growing Threat to the Service Industry
  • 20 Survival Lessons from the Greek Crisis
  • Human domination of the biosphere: Rapid discharge of the earth-space battery foretells the future of humankind
  • Ron Paul Slams Gen. Wesley Clark: Is He Kidding, Internment Camps?
  • Battered Coal Industry Still Boasts A Few Good Opportunities
  • Water mafia: Why Delhi is buying water on the black market
  • Sandorkraut: About A Pickle Maker
  • The Colossal Hoax Of Organic Agriculture

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Categories: Economics

Varoufkis launches a powerful personal counter-indictment against his accusers.

Beyond Money - July 30, 2015 - 04:56

Responding to charges of treason leveled against him by his “self-styled persecutors,” former Greek Finance Minister, Yanis Varoufakis, on his personal blog, has laid down the gauntlet, accusing “Greece’s oligarchic establishment” as being “troika-friendly.”
In his post of July 28, Varoufakis defended his “defiant negotiating stance” saying:
My dastardly ‘crime’ was that, expressing the collective will of our government, I personified the sins of:
• Facing down the Eurogroup’s leaders as an equal that has the right to say ‘NO’ and to present powerful analytical reasons for rebuffing the catastrophic illogicality of huge loans to an insolvent state in condition of self-defeating austerity
• Demonstrating that one can be a committed Europeanist, strive to keep one’s nation in the Eurozone, and, at the very same time, reject Eurogroup policies which damage Europe, deconstruct the euro and, crucially, trap one’s country in austerity-driven debt-bondage
• Planning for contingencies that leading Eurogroup colleagues, and high ranking troika officials, were threatening me with in face-to-face discussions
• Unveiling how previous Greek governments turned crucial government departments, such as the General Secretariat of Public Revenues and the Hellenic Statistical Office, into departments effectively controlled by the troika and reliably pressed into the service of undermining the elected government.

Varoufakis also claimed a moral victory, arguing that “The debate about the democratic deficit afflicting the Eurozone is now unstoppable.”

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Categories: Blogs

The Weekly Crunch: Tiny Houses in Vancouver and Why the South Is the New China

This week: Bee activists step up their game, Bernie Sanders lays out his views on all thing politicals, and fracking takes its toll on Oklahoma.
Categories: Economics

How To Transform Plastic “Waste” into a Bottle Brick

Shareable Magazine - July 29, 2015 - 08:50

Bottle Bricks are a simple and accessible technology that can transform everyday plastic materials into a useful building material – plastic bottles stuffed full of trash until they are as compact as bricks.

Categories: Economics

$1.6 Million Low-Income Carsharing Pilot Headed to L.A.

Shareable Magazine - July 29, 2015 - 07:58

Article and image cross-posted from the SUMC blogPhoto credit: Mariordo.

Categories: Economics

Daily Digest 7/29 - Venezuela Won’t Escape Default in ’16, Currencies Feel Pain Of Global Stress

Chris Martenson - July 29, 2015 - 06:53
  • As Chicagoans Die, Police Pension Burden Hobbles City’s Response
  • Australians must work longer, for good of economy, says FSC
  • In Brazil, Household Monthly Purchasing Power Plunges by R$ 16 Billion
  • Harvard Professor Now Says Venezuela Won’t Escape Default in ’16
  • Malaysia PM shuffles cabinet as corruption allegations mount
  • Puerto Rico seeking alternative to $3 billion bond deal: governor's office
  • Japan approves increase in Fukushima compensation to $57 billion
  • Global Downgrades Surpass Upgrades as geopolitical, economic risks Increase
  • Emerging currencies feel pain of global stress
  • No cost-of-living adjustment for Social Security in 2016?
  • French unemployed number creeps up to new record
  • Eased mortgage rules extended to July 2016 (Korea)
  • Italy needs 20 years to tackle jobless rate: IMF
  • Putin Countering Sanctions Drags Pension Funds to Company Bonds
  • China credit card transactions hit 15.2 trillion yuan in 2014
  • Chinese Regulators Probe Monday’s Stocks Selloff as Rout Deepens
  • Warning Lights Flash for Africa Borrowers After Zambia Debt Sale
  • Analysts see worsening economic picture in Brazil
  • Covered California sets 4 percent hike in 2016 healthcare premiums

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Categories: Economics

British MP George Galloway exposes the culprits and their geopolitical “crimes against humanity”

Beyond Money - July 29, 2015 - 03:16

Six times elected to the British Parliament, now running for Mayor of London, George Galloway, in this video interview lays the truth on the line, describing the “crimes against humanity” that continue to be perpetrated by financial capitalists and their top-level political minions all around the world.


Categories: Blogs

Seattle Led the Country’s Minimum Wage Revolution. Can It Do the Same With Rent Control?

New York and San Francisco both suffer from soaring rents and gentrification, despite decades of regulation. How Seattle socialist Kshama Sawant plans to do affordable housing right.
Categories: Economics

Top 10 Presentations From OuiShare Fest 2015

Shareable Magazine - July 28, 2015 - 08:41

OuiShare Fest is an international gathering in Paris of sharing economy pioneers, enthusiasts and organizers. This year’s fest, which ran May 20-22, featured panels, presentations and discussions that explored numerous aspects of the sharing economy, collaboration, technological developments, and human connectedness. Here are 10 of the top presentations, as chosen by our friends at OuiShare.

1. Nick Grossman: Bringing Collaborative Platforms to Market

Categories: Economics

Daily Digest 7/28 - Greece Made Preparations to Exit Euro, China's Stock Meltdown Not Over Yet

Chris Martenson - July 28, 2015 - 08:16
  • Stephen Hawking, Elon Musk, Steve Wozniak, and hundreds of scientists want to keep AI out of our weapons
  • Greece Made Preparations to Exit Euro
  • Obama poised to give financial aid to federal, state prisoners
  • NATO Proclaims 'Strong Solidarity' With Turkey Against IS
  • China’s Stock Market Meltdown Not Over Yet
  • The dark side of China’s heavy-handed response to its plunging stock markets
  • BP Reports Second-Quarter Loss as Oil Spill Settlement Takes Toll
  • Feature: Rule Of The Jogi

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Categories: Economics

Conference Aims to Further the Urban Commons Movement

Shareable Magazine - July 28, 2015 - 07:13

On November 6-7 in Bologna, Italy, leading scholars, researchers, policymakers, practitioners and social innovators will gather to further the discussion and movement around the urban commons.

Categories: Economics

The China Syndrome – In Reverse

Chris Martenson - July 27, 2015 - 18:52

The China Syndrome is alive and well. In todays' world, it just has more to do with nuclear levels of margin debt, not runaway radioactive decay.

If China really gets into worse shape, we’ll see them panic and do everything from weakening their currency to support trade (which will export deflation via prices of manufactured goods), to imposing capital controls, to selling US Treasury bonds to pay for the rescue efforts.

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Categories: Economics

Daily Digest 7/27 - The Outlaw Ocean, Why Bigger Is No Longer Better In Energy

Chris Martenson - July 27, 2015 - 09:24
  • Varoufakis reveals cloak and dagger 'Plan B' for Greece, awaits treason charges
  • Raoul Pal: GroupThink Is Almost Ubiquitous (& The 1 Chart That Matters)
  • Memorize This, Earn A Dollar
  • After Arab Spring, journalism briefly flowered and then withered
  • ‘Sea Slaves’: The Human Misery That Feeds Pets And Livestock
  • Chinese Shares Tumble Again
  • Why Bigger Is No Longer Better In Energy
  • Benefits Of Rotational Grazing

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Categories: Economics

Interviewed: Mass Mosaic's Eric Doriean on the FairShares Alternative

Shareable Magazine - July 27, 2015 - 07:07

Mass Mosaic is an online forum for buying, selling, trading, renting, or borrowing goods and services. (Mass Mosaic via Facebook)

Categories: Economics

Daily Digest 7/26 - The Insecure World Of Freelancing, Meaning Is Healthier Than Happiness

Chris Martenson - July 26, 2015 - 07:57
  • Thirteen Cities Where Single-Family Rents Are Skyrocketing
  • Proposed Raise for Fast-Food Employees Divides Low-Wage Workers
  • Map: How geography affects the value of the minimum wage
  • The Insecure World of Freelancing
  • Ebola created a public health emergency—and we weren’t ready for it
  • The Breakdown Of 2015 Is Now A Fact
  • Aging Infrastructure Plagues Nation’s Busiest Rail Corridor
  • Meaning Is Healthier Than Happiness

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Categories: Economics

Daily Digest 7/25 - The End Of Plenty, Don't Laugh At Solar Powered Airplanes

Chris Martenson - July 25, 2015 - 08:47
  • Gap Widening as Top Workers Reap the Raises
  • ‘The End of Plenty,’ by Joel K. Bourne Jr. 
  • Americans Are Finally Eating Less
  • Which State Is in the Most Ecological Debt of Them All?
  • Don’t Laugh at Solar-Powered Airplanes
  • The Earth stands on the brink of its sixth mass extinction and the fault is ours
  • Crickets: The Farmers’ Solution to Grow More with Less?
  • Dried oregano in 'latest food fraud' says Which?

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Categories: Economics

Daily Digest 7/26 - The End Of Plenty, Don't Laugh At Solar Powered Airplanes

Chris Martenson - July 25, 2015 - 08:47
  • Gap Widening as Top Workers Reap the Raises
  • ‘The End of Plenty,’ by Joel K. Bourne Jr. 
  • Americans Are Finally Eating Less
  • Which State Is in the Most Ecological Debt of Them All?
  • Don’t Laugh at Solar-Powered Airplanes
  • The Earth stands on the brink of its sixth mass extinction and the fault is ours
  • Crickets: The Farmers’ Solution to Grow More with Less?
  • Dried oregano in 'latest food fraud' says Which?

Join the conversation »

Categories: Economics

Deflation Is Winning – Beware!

Chris Martenson - July 24, 2015 - 08:03

Deflation is back on the front burner and it's going to destroy all of the careful central planning and related market manipulation of the past 6 years.

Clear signs from the periphery indicate that a destructive deflationary pulse has been unleashed. Tanking commodity prices are confirming that idea. 

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Categories: Economics

Assume The Crash Position

Chris Martenson - July 24, 2015 - 08:03
Executive Summary
  • The entire commodity complex is breaking down
  • What to expect next
  • What will happen with gold
  • What all this means for the future

If you have not yet read Part 1: Deflation Is Winning – Beware! available free to all readers, please click here to read it first.

Commodity Bust Copper

'Dr. Copper' is so named for the metal's uncanny ability to both diagnose current economic activity and deliver a prognosis on future activity. Right now, it's saying the patient is very sick and not likely to recover any time soon:

Copper has just broken through key support (in dotted circles) and looks like it could fall further. Notice the behavior of copper in 2008/09 and you’ll see that paying attention to copper is a good idea.

Oil

Oil has obviously fallen by a lot, with WTIC crude well under $50 again today, signaling ... 

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Categories: Economics