Debt Has No Consequences? Color Us Skeptical
Authored by Charles Hugh Smith via OfTwoMinds blog,
The entire status quo is based on the delusion that rapidly rising debt will never generate any negative consequences.
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America
Walmart And Amazon Know The Terrible Truth: The American Middle Class Is Dying
Authored by Daniel Lang via SHTFplan.com,
A lot of people were probably thrilled today about Amazon’s latest announcement. The online retail giant has revealed that they are going to reduce the cost of Prime membership, which provides free shipping for more orders and unlimited streaming for many shows and movies. But it’s not just for anyone. The reduced rate will be reserved for low income households.
Household Net Worth Hits A Record $95 Trillion ... There Is Just One Catch
In the Fed's latest Flow of Funds report, today the Fed released the latest snapshot of the US "household" sector as of March 31, 2017.
The American Catastrophe
The American Catastrophe
Paul Craig Roberts
This is my quarterly call for your financial support. Remember, this is your website.
This website was launched 5 years and 4 months ago on New Year’s Eve, 2011. Here is the inaugural column: http://www.paulcraigroberts.org/2011/12/31/the-outlook-for-the-new-year/ The inaugural column remains an accurate description of the American Catastrophe.
Operation Temperer - U.K. Will Likely Institute Martial Law Measures Within A Year
Authored by Brandon Smith via Alt-Market.com,
After the Manchester suicide bombing only two weeks ago I warned my readers that the repetition of terror attacks is breeding complacency within the public, in Europe most acutely. It is not uncommon now for attacks killing dozens to be forgotten within a week of the event. The news feeds are awash in distraction, and of course, sometimes these events themselves act as distractions.
In a recent newscast of MSNBC's “Morning Joe”, BBC anchor Katty Kay stated: