America

‘News’ is Advertising. “That’s economics son, and don’t you ever forget it.”

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Cognitive Dissonance

Back in the early 70’s I was deeply concerned with the direction the powerful nuclear power industry was taking. I had a deep distrust for the ‘partnership’ the industry had forged with the Atomic Energy Commission, the regulatory agency tasked with overseeing it while also promoting it. In my view this was a huge conflict of interest and could only lead to no good.

By Chris at www.CapitalistExploits.at

Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing.

Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity.

Two days after democratic senators Elizabeth Warren and Tammy Baldwin sent a letter to Goldman CEO Lloyd Blankfein, asking if Goldman effectively runs the country through its extensive alumni links at the Trump administration, and requesting details on "lobbying" activities in the bank related to review of the Dodd-Frank Act and the Obama-era fiduciary rule on financial advice, as well as asking for any communication between the bank's employees and Cohn, Mnuchin, nominee for the SEC chair Jay Clayton and chief strategist Steve Bannon, Bloomberg reported overnight that yet another Goldman b

With "Hillary flunkies" proclaiming holier-than-thou perspectives on the president, after failing in their efforts to urge Americans not to vote for Trump, some 'so-called' celebrities are choosing not to "obstruct" Congress, but work towards a solution. Have no fear, Lindsay Lohan is here... to solve the Syrian refugee crisis!

After visiting Syrian refugee camps with Turkish dictator president Recep Tayyip Erdogan (and a token seven-year-old refugee)...

"Get prepared," warns billionaire commodity guru Jim Rogers, "because we're going to have the worst economic problems in your lifetime and a lot of people are going to disappear." In this wide-ranging interview with MacroVoices' Erik Townsend, the investing legend discusses everything from whether Russia is being scapegoated ("yes, ask Victoria Nuland"), the war against cash ("governments love it... they want to control everything"), to his views on gold and the demise of freedom.

Full podcast below: