America

Authored by Ryan McMaken via The Mises Institute,

Speaking in London, Federal Reserve chair Janet Yellen Tuesday predicted that the “the system is much safer and much sounder” and explained that the Federal Reserve is prepared to deal with numerous enormous shocks to the economy.

In her conversation with Lord Nicholas Stern, Yellen also went on to list the reasons that, thanks to central bank intervention, there is unlikely to be another financial crisis “in our lifetimes.”

Authored by Charles Hugh Smith via OfTwoMinds blog,

The technocrat and capital-owning class is delighted with the economy, and can't understand why everyone isn't prospering.

In the aftermath of recent hawkish jawboning by central bankers around the globe, and especially FOMC members who now appear set to hike even if only to just spite momentum chasing market algos by "shocking" easy liquidity conditions in tightening as Goldman suggested in May, SocGen's Kit Juckes asks a more existential question: channeling the eagles he wonder if we "Are we just prisoners here, of our own QE?" and points out that as a result of the $15 trillion in CB liquidity injections, the US is "sort of" stuck in a 1990s-style Japanese "lost decade" and the impact on the global economy

Buy Gold Near $1,200 “As Insurance” - Swiss Bank 

Authored by Paul Craig Roberts,

The 4th of July is upon us.

We will hear all sorts of patriotic BS about how wonderful we are and how thankful we are to our brave military which defends our liberty.

Not a word will be said about the destruction by the Bush and Obama regimes of the US Constitution, which once protected our liberty far better than any military action.