America

"Intervention in foreign exchange markets in order to gain a competitive advantage is unacceptable," proclaims US Treasury Secretary Jack Lew in a strongly worded statement today with regard America's position in the global economy. That we note this comment is only relevant as, despite the apparent "stability" of the Chinese Yuan against the USD, relative to the 13-currency-basket with which China primarily trades, the Yuan has collapsed to 17-month lows - with JPY and EUR appearing to bear the brunt of the pain.

Submitted by John Whitehead via The Rutherford Institute,

“The Founding Fathers never intended a nation where citizens would pay nearly half of everything they earn to the government.” ? Ron Paul

If there is an absolute maxim by which the federal government seems to operate, it is that the American taxpayer always gets ripped off.

With every passing day, the Fed is slowly but surely losing the game.

Only it is not just former (and in some cases current) Fed presidents admitting central banks are increasingly powerless to boost the global economy, even if they still have sway over capital markets. What is far more insidious to the Fed's waning credibility is when former economists affiliated with the Fed start repeating mantras that until recently were only a prominent feature in the so-called fringe media.

Via Michael Snyder's Economic Collapse blog,

The systematic destruction of the American way of life is happening all around us, and yet most people have no idea what is happening. 

Once upon a time in America, if you were responsible and hard working you could get a good paying job that could support a middle class lifestyle for an entire family even if you only had a high school education.  Things weren’t perfect, but generally almost everyone in the entire country was able to take care of themselves without government assistance. 

The CDC have acknowledged that America could still see an epidemic of the Zika virus in the coming months, admitting that they have completely underestimated the severity of the outbreak.  Dr. Anne Schuchat from the Centers for Disease Control and Prevention warned that “most of what we’ve learned is not reassuring,” adding that “everything we look at with this virus seems to be a bit scarier than we initially thought.” This is the U.S. government’s most strongly worded warning to date about the Zika virus, which has infected 346 people so far in the United States.