Big Lie

Bill Bonner: Here’s Proof That Wealthy Elites Control Washington

"We had no proof. Just an observation. But it looks to us as though government always begins and ends as a tool for those who control it. It is not the product of a 'social contract.' It is not an expression of the 'general will.' It is not the 'price we pay for civilization.' It is not 'captured by wealthy special interests.' On the contrary, it is as blunt and stupid as a crowbar. It is used by the elite to pry wealth, status and power away from everyone else. Few victims of the public school system believed us, but now cometh a study from Princeton and Northwestern universities proving we were right." Continue reading →

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Bill Bonner: Don’t Be Fooled By the Wealth Inequality Debate

"QE is supposed to be the weapon in the Fed’s fight against unemployment. The Fed is still buying $45 billion of bonds via QE every month… in addition to holding short-term interest rates to the floor. Where does that $45 billion go? The insurance companies and pension funds that sell bonds to the Fed use this newly created money to buy the real assets of America – houses, companies, commercial property, resources, farmland… everything. And that drives up the prices of everything for everyone else. The Fed says QE is meant to help create jobs… and 'stimulate' the economy. It does nothing of the sort. Instead, it lines the pockets of those at the top of the heap." Continue reading →

Continue ReadingBill Bonner: Don’t Be Fooled By the Wealth Inequality Debate

Five+ Years of Fed Futility Laid Bare for All to See

"It has been five-and-a-half years since Lehman Brothers, AIG, Fannie Mae, Freddie Mac, and other casualties of the credit crisis imploded! We’ve been subjected to more than a half-decade of the Fed’s supposedly useful and appropriate medicine … Unlimited money printing. Zero percent interest rates. Gargantuan bank bailouts. Deliberate attempts to inflate stock and house prices. And for what? More than $3 TRILLION in extra padding on the Fed balance sheet doesn’t look like it’s done much for the broad economy. GDP grew just 0.1 percent in the first quarter. Even that dismal reading was propped up by a massive surge of $43.3 billion in health care spending tied to the Obamacare rollout." Continue reading →

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Retirement Myth Reveals the Possibility of Great Socioeconomic Change

"So now we know: Even a million dollars isn't enough to retire on. Sounds reasonable, given all the obstacles to retirement in the West and especially in the US. But there is a problem with this article that is much bigger than the retirement issues it explores. The problem is – and we can see from the article's feedback – that the readership is a good deal more sophisticated than the article itself. As we've often pointed out, when people cease to believe in the narrative provided to them by their own elites, then inevitably society begins to change in fundamental ways. As we can see, this article glosses over the REASONS for increasing retirement problems." Continue reading →

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Millennials Mired in Wealth Gap as Older Americans Recoup Wealth

"The damage inflicted on U.S. households by the collapse of the housing market and recession wasn’t evenly distributed. For households headed by someone 40 years old or younger, wealth adjusted for inflation remains 30 percent below 2007 levels on average. Net worth for older Americans has already recouped the losses. With fewer young people owning homes, not as many are benefiting from the rebound in home prices. What’s more, heads of households under age 40 aren’t benefiting as much from a boom in equity prices, which have hit record highs this year. About 27 percent of 18 to 29 year olds owned stocks as of April 2013, compared to 61 percent of 50 to 64 year olds." Continue reading →

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Cheap Printing vs. Expensive Drilling

"Yellen explained that the Fed helps people secure employment 'by influencing interest rates.' She followed, 'Although we work through financial markets, our goal is to help Main Street, not Wall Street.' Her predecessor used the same rhetoric in 2012. 'This is a Main Street policy. Many people own stocks directly or indirectly. The issue here is whether or not improving asset prices generally will make people more willing to spend.' Oil, unlike the Fed’s fiat dollars, can’t be created out of nothing. And, job or no job, people are driving. Mrs. Yellen tells crowds, Don’t worry be happy, your job will be printed anytime now. Let’s just say, for those with a job to go to, getting there will not be getting easier." Continue reading →

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3 Urgent Steps for the Ultimate Strategy in 2014!

"There’s no doubt we’re living in crazy times. Despite a slight reduction in the amount of unbacked money it prints every month, the Fed is still burying the world in unbacked paper dollars. Despite a 'budget deal,' the massive federal debt is nearing the $18 trillion mark and annual deficits are still massive. Despite the trillions Washington has poured into the economy over six years, growth is still sub-par. Despite Washington’s claims to the contrary, the real unemployment rate, measured the way our government used to, is still 13.2 percent. Yet this year alone, the S&P 500 has hit nearly four dozen new all-time highs in 2013. So what’s the wisest wealth-building strategy in times like these?" Continue reading →

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Farce of Globalism: World Bank Becomes Top Cop?

"The World Bank has a new mission. The Economic Times tells us that the World Bank has a new enemy to confront. It is not poverty but 'corruption.' The reason that these enormous global facilities are receiving more and more power and authority is not because they work well or even work at all. It is because the internationalists who set them up want them to expand as a way of building world government. Call it directed history. These agents of globalism will continually acquire power no matter the reality of their missions. They were never what they appeared to be. In the 21st century, it becomes increasingly apparent as the Internet Reformation era advances." Continue reading →

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When We Will Celebrate the End of QE, and Why

"Central bank money is disseminated through the banking system. And the banking system over years funnels it into investable facilities like the stock market. It is a criminal system, predicated on rigorous control of money stock. If bankers really wanted to benefit the middle class, they'd pump it directly into bank accounts. But they won't, for that would reveal the essential phoniness of the system and it would also generate vast price inflation. But price inflation they will have nonetheless. By the time bubbles are visible, as they are, it is way too late for the economy to contain the damage. And thus they pretend to cut. Or trim the advance. But markets, especially stock markets, will continue to rise." Continue reading →

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Ron Paul: 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 government overseers that has grown ever stronger through the years. One would think this anniversary would elicit some sort of public recognition of the Fed's growth from a quasi-agent of the Treasury Department intended to provide an elastic currency, to a de facto independent institution that has taken complete control of the economy through its central monetary planning." Continue reading →

Continue ReadingRon Paul: After 100 Years Of Failure, It’s Time To End The Fed