Yesterday, in its latest triennial Survey of Consumer Finances, the Fed admitted what had been obvious to everyone else: Fed policies unleashed over the past decade have made the rich richer, even as the American middle class has continued to shrink.
Authored by John Ivison via NationalPost.com,
Participation in the ballistic missile defence program would be costly, but, amid nuclear threats, it appears Canada is no longer under the protective umbrella of the U.S.
Politicians approach most subjects with open mouths, but they are rarely at a loss for words.
That’s why the testimony at a House of Commons defence committee, specially convened to consider the thorny problem that is North Korea, was so memorable.
Authored by John Rubino via DollarCollapse.com,
For what seems like decades, other countries have been tiptoeing away from their dependence on the US dollar.
China, Russia, and India have cut deals in which they agree to accept each others’ currencies for bi-lateral trade while Europe, obviously, designed the euro to be a reserve asset and international medium of exchange.
These were challenges to the dollar’s dominance, but they weren’t mortal threats.
In 2016, the city of Baltimore partnered with Bewegen Technologies to launch North America’s largest electrical-assisted cycling (or pedelec) bike sharing program. The system is located in Baltimore’s metropolitan area with over 25 stations available. Fast forward one-year later, this grand "sharing economy" experiment in America’s most dangerous city has imploded due to what the company's CEO says is a level of theft he has never experienced before.
Authored by Charles Hugh Smith via OfTwoMinds blog,
Housing markets are one itsy-bitsy recession away from a collapse in domestic and foreign demand by marginal buyers.