- Super-Bubbles And Unprecedented Global Collapse – Time Is Running Out!
- Alasdair Macleod: Fed Throws in the Towel, “Something is About to Break”
- Emergency! This Family Is Prepared
- ‘The Age of Acquiescence,’ by Steve Fraser
- Obamacare Is Spurring Startups and Creating Jobs
- New Federal Rules Are Set for Fracking
- Warm Arctic winter starts sea ice off at a record low
- This Futuristic Water Bottle Is an Edible, Gelatinous Blob
Great uses for tea tree oil for around the homestead. Make sure to have a bottle on hand.
Top photo: macinate (CC BY-20)
Daily Digest 3/20 - Laughing All The Way To The Crash, "Market Mania" Will End By "Revolution, Taxes, Or War"
- Paul Tudor Jones Warns This "Disastrous Market Mania" Will End "By Revolution, Taxes, Or War"
- Laughing All The Way To The Crash
- Recycling Unused Medicines to Save Money and Lives
- Brazil’s Slumping Economy and Bribery Scandal Eat Away at Dilma Rousseff’s Popularity
- Scientists Seek Ban on Method of Editing the Human Genome
- Majors Could Be The Big Winners Of The Oil Price Crash
- Obama's Green Gambit
- What The Heck Is The Trans-Pacific Partnership And Why Should You Care?
In this week's Off the Cuff podcast, Chris and Charles Hugh Smith discuss:
- Lies, Damn Lies & Politics
- When it gets serious, they lie to us
- The Age Of Confiscation
- Get ready for the government to claw more of your wealth
- The Desperation Of TINA Legislation
- We'll be told "there's no other choice"
- The Security Of Non-Participation
- The safest place for your wealth is out of the system
- Fed Loses "Patient," Wall Street Says, "I'm Cured!"
- Janet Yellen Isn’t Going to Raise Interest Rates Until She’s Good and Ready
- Germany riot targets new ECB headquarters in Frankfurt
- Dollar Regains Most Of Yesterday's "Flash Crash" Losses. Oil Resumes Slide; 10Y Under 2%
- ISIS And The Destruction Of History
- Workplace Suicide Rates Rise Sharply
- Sweating The Small Stuff
- OPEC Says US Oil Production May Decline By End Of 2015
Does anyone else have the feeling that things are not just unraveling, but that the unraveling is gathering speed?
We can discern diminishing returns in Federal Reserve/central bank interventions, as the initial rounds of quantitative easing pushed stock and bond markets higher for years at a time, while the following interventions generated lower returns.
- Crisis intervention as policy = bad decision-making
- Why politics will defer dealing with the big problems, even though that will make them even bigger
- Why more taxes are in your future
- The criticality of increasing our alternatives -- without our agitation, the government will appropriate from us while claiming "there's no other option"
If you have not yet read Part 1: Things Are Unraveling At An Accelerating Rate available free to all readers, please click here to read it first.
In Part 1, we examined how the dynamic of lowering interest rates to boost debt-based consumption inevitably leads to debt saturation and lower consumption. It also generates instability and rising systemic risks. As the returns on the central bank tricks of lowering interest rates and encouraging borrowing diminish, the resulting unraveling is speeding up.
There is another core dynamic at work: TINA, there is no alternative.When There Is No Choice, Bad Policies Abound
In this week’s podcast with Chris (What To Expect From The Fourth Turning We're Now In), guest Neil Howe noted that crisis intervention is the result of authorities “feeling they had no other choice,” a.k.a. TINA. In this frame of mind, the eventual consequences of crisis intervention policies are ignored in the pressing desperation to make the financial and political pain of crisis go away.
As policymakers around the world soon discovered, TINA policies are habit-forming. Since they had no choice but to bail out the parasitic, dysfunctional banking sector, and goose debt-based consumption with cash for clunkers, mass purchases of mortgages, etc., they also had no choice but to continue these interventions, lest the desired result—expanding consumption and a rising stock market—falter.
Substituting crisis intervention for long-term constructive policies leads to bad policies, for the simple reason that...
Daily Digest 3/18 - Puerto Rico's Bond Sale Delayed, CA Drought Restrictions Coming To Restaurants, Skiing
- Broward judges toss 24,000 red-light camera tickets totaling millions
- California public workers may be at risk of losing promised pensions
- Puerto Rico's $2.95 bln bond sale delayed until early May
- Debunking $1.4 Trillion Europe Debt Myth in Post-Heta Age
- Venezuela puts debt service before food imports as cash dries up
- ECB's balance sheet expands as it begins stimulus programme
- BOJ Keeps Record Stimulus With Inflation Set to Stall
- Brazil’s Economy Contracted 0.11% in January, Central Bank Says
- Sierra-at-Tahoe suspends skiing as drought takes toll
- New California Drought Restrictions Coming To Restaurants, Hotels, As Home Rules Get Stricter
Stuart and Cedar Anderson's Flow hive promises to revolutionize beekeeping. Credit: beefarm.ru
A great demonstration video on how to use the energy from batteries to create fire without matches. Could be very useful information to have in an emergency situation.
Image: Amelia Bates for Grist
There’s a growing awareness that the real sharing economy has little to do with wealth-concentrating Silicon Valley startups. It has more to do with communities figuring out ways to make sure everyone's needs are met by sharing, putting idle resources to work, and creating an economy that revolves around joyful, sustainable living rather than endless growth.
- "Colossal Defeat" For Obama As Australia Joins China's Regional Bank
- The Undebtors: Sworn Enemies of the Vampires of Debt
- CSIS helped government prepare for expected Northern Gateway protests
- Tax Cuts Still Don’t Pay for Themselves
- The Rollercoaster Ride of the Nasdaq: Big Drop Ahead?
- After Ebola, measles may follow
- Fears of Violence Against Western Oil Workers In Saudi Arabia
- U.S. Oil Prices Fall to Six-Year Low
Top image: The shared cheese cellar at Jasper Hill Farm. Article and image cross-posted from Yes! Magazine. Authored by Eban Goodstein and Robin Hahnel.
It is a story that I have told in my own writings and presentations, particularly in my book, The End of Money and the Future of Civilization, but the video below is well worth viewing. I’ve not been a big fan of Glen Beck, and I abhor the Fox network, which I consider to be a propaganda instrument of the global elite, but this particular program is ironically quite good at telling the story of the creation of the Federal Reserve, the banking cartel, and the collusive arrangement between the bankers and the politicians (that pattern was actually established with the founding of the Bank of England in 1694). Beck’s featured guest, G. Edward Griffin, the author of The Creature From Jekyll Island, is particularly astute in his observations. The conversation only goes astray toward the end when it turns to gold backing, a proposal that is based on a still naive conceptualization of what money is and how it works.
Interestingly, Beck was fired by the Fox network shortly after this program aired, presumably for exposing the scam of the elite cabal that Fox is there to serve.