Phillip J. Watt – There is increasing dissatisfaction across the globe with the incompetency, corruption and malpractice of the interdependent finance sector, especially after the Global Financial Crisis in 2008 that crippled national economies all over the world and sent millions of people into unemployment. Thousands also lost their homes, as well as huge portions of their superannuation, whilst the commercial banking sector was bailed out of the mess that they created with trillions of dollars of Quantitative Easing (QE) central bank cash injections.
Invoking more anger is that this approach hasn’t even solved the problem; it has only prolonged and amplified it. There have been no real legislative, structural or policy changes, so we are now faced with even greater threats by massive global bubbles in derivatives, real estate and assets, such as stocks. It looks like there is even the potential to have a greater reset then the great depression of 1929.
While governments and corporations remain focused on failing models of perpetual economic growth, millions of people across the world are on food stamps, dependent on government subsidies to stay above the poverty line. Income disparity has never been so vast. Profits for corporations, particularly the multinationals, are near all-time highs, whilst wages have remained stagnant. High unemployment is epedimic and is much more severe than what official figures represent. Continue reading
First Quarter Moon Phase (Saturday): take action Gibbous Moon Phase (Sunday): trust
There is a serious difference between appreciating someone’s work and hanging on their every word and joining yourself to their cause. The first is healthy; the second is not.
Greg Hunter – The huge concocted lie that is Obama Care was upheld by the Supreme Court. The majority opinion simply reworded the law because it did not want to stop subsidies to more than 8 million people. They are involving themselves in policy instead of interpreting the law. Now, there is talk of a bill in the House that will force the Supreme Court onto Obama Care by taking away their exemption. Obama Care is the biggest policy lie in U.S. history, and we know that to be fact because of MIT professor Jonathan Gruber who bragged on several videos about how the Obama Care lies were crafted with top Democrats including the White House. The Obama Administration said Gruber was not a key player in Obama Care, but that too is a big lie as new emails were released this week showing he was, according to published reports, “frequently consulted by staffers and advisers for both the White House and the Department of Health and Human Services (HHS) about the Affordable Care Act.” Obama says it’s “here to stay,” and the Republicans say Obama Care will be a campaign issue once again in 2016.
Charles Hugh Smith – As noted earlier in this series, collapse is not an event, it’s a process, a process we experience as things fall apart. The phrase famously appears in William Butler Yeats’ 1919 poem, The Second Coming: