Business

by Ron Paul

Late last week the markets were shocked by a surprisingly bad May jobs report – the worst monthly report in nearly six years. The experts expected the US economy to add 160,000 jobs in May, but it turns out only 38,000 jobs were added. And to make matters worse, 13,000 of those 38,000 were government jobs! Adding more government employees is a drain on the economy, not a measure of economic growth. Incredibly, there are more than 102 million people who are either unemployed or are no longer looking for work.

Norway are banning all fossil fuel cars within the next 10 years in an effort to become one of the most ecologically progressive nations in the world.  Politicians in Norway have vowed to eradicate all petrol cars by the year 2025 in order to reach the ambitious goal of having every single car run on green energy.  Independent.co.uk reports: According to Norwegian newspaper Dagens Naeringsliv, “FRP will remove all gasoline cars”, a headline which makes reference to the populist right-wing Framstegspartiet, or Progress Party.

When it comes to China's new credit creation, at least the country is not shy about exposing how much it is. To find the credit tsunami flooding China at any given moment, one just has to look up the latest monthly Total Social Financing number which include both new bank loans as well as some shadow banking loans. As we reported in April this amount had soared to a record $1 trillion for the first quarter ...

As social media continues to become a larger part of many people's everyday lives, it's not surprising to see that users are now more than ever getting news from the social media platforms.

A survey by Pew Research found that 62% of US adults get their news on social media, which is up from 49% reported in 2012. Of the 62%, 18% responded that they often get news from social media, 26% said sometimes, and 18% said hardly ever.

By Chris at www.CapitalistExploits.at

My little girl came into my office the other day and was looking over my shoulder. Suddenly she ran out of the room calling to her brother. “I know Dad’s password! I know Dad’s password!”, she yelled. “What is it?”, my son asked? “It’s 8 stars.”

Sometimes we look at things believing with sincerity we know and understand what we’re seeing. But we’re really as dumb as a box of rocks.