Authored by Michael Snyder via The Economic Collapse blog,
The federal government is now 20.4 trillion dollars in debt, and most Americans don’t seem to care that the economic prosperity that we are enjoying today could be completely destroyed by our exploding national debt.
Via The Daily Bell
Just because a Ponzi scheme is run by a government doesn’t mean it won’t collapse.
The situation in Kentucky serves as a dire warning about larger pension systems including Social Security.
What Kentucky is currently facing in like a bank run. When people hear that a bank is failing, they all scramble to get their money out before it goes bust. This snowballs and the bank runs out of cash that much quicker.
When it comes to the US labor market, it's a tale of two extremes according to a recent report by Goldman Sachs.
At one end, the rate of short-term unemployment, defined as those unemployed fewer than 15 weeks, is lower than at any point since the Korean War and is already 0.4% below the bottom reached in the late 90s boom, with half of the gap likely due to demographic change. According to Goldman economists, "from the perspective of workers transitioning briefly between jobs whose attachment to employment is high, this is already a very tight labor market."
Just like the White House’s travel bans, President Trump’s July decision to reverse the Obama-era policy allowing transgender individuals to serve openly in the military has been struck down by a federal judge who said several transgender plaintiffs suing over the ban are likely to win in court.
Authored by Charles Hugh Smith via OfTwoMinds blog,
The Japanese recognize the adoption of cryptocurrencies and blockchain technologies as a competitive advantage, and they're right.
One of the most durable claims of cryptocurrency skeptics is that "governments will ban bitcoin once it threatens their fiat currency or their control." Ben Bernanke recently gave voice to this claim as if it was received wisdom.