Business

Not only did the Fed miss its window of opportunity to hike rates, but it did so at the worst possible time, launching the first tightening cycle in 11 years just as US manufacturing entered its first recession since the financial crisis, just as the credit cycle entered its slowdown phase, and just as the default cycle is picking up, first in the energy sector one year ago and now spreading to all other industries.

Submitted by Gordon T. Long of the Financial Repression Authority

Obama Abruptly Waives 1980 Foreign Investment in Real Property Tax Act

It wasn’t a big surprise for the financial markets to see the Federal Reserve hike the interest rate by 0.25% last week, and the stock market moved swiftly higher on the back of this announcement which has removed some uncertainty.

Source: propertyobserver.com.au

For years I have been writing about how our government has been hijacked from the people and how special interests have been manipulating the media to fulfill the agenda of the Military Industrial Complex. You can call it the Military Industrial Corporate Complex or any new-age nuance, but it is still the thing that Dwight President David Eisenhower described in his last addresses to the nationm

"They just won't let the scales balance... it is a rampant narcissistic megalomania that somehow some guy in a air-conditioned office can best repliacte the free market and centrally plan our affairs... Their starry-eyed pollyanna-ish do-goodery never seems to pan out."