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America Hits Rock Bottom: Cities Are Paying Criminals $1000 Per Month "Not To Kill"

America Hits Rock Bottom: Cities Are Paying Criminals $1000 Per Month "Not To Kill"

It is widely known that in the past 6 months there has been a loud debate about helicopter money, i.e., giving out ordinary people (bypassing the banks) money directly printed by the Fed. What is less known is that when it comes to the most despicable underbelly of American society, cash to the tune of $1000 per month is already being "helicoptered" to some of the most brazen criminals living in the US today with one simple condition: "don't kill people."

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All Is Not Well In Leveraged Speculation-Land

Excerpted from Doug Noland's Credit Bubble Bulletin,

The 1987 stock market crash raised concerns for the dangers associated with mounting U.S. “twin deficits.” Fiscal and trade deficits were reflective of poor economic management. Credit excesses – certainly including excessive government borrowings – were stimulating demand that was reflected in expanding U.S. trade and Current Account Deficits. Concerns dissipated with the revival of the bull market. These days we’re confronting the consequences of 30-plus years of mismanagement.

The Fed's Next Headache: One Third Of Q1 GDP Growth Was Just "Revised" Away

The Fed's Next Headache: One Third Of Q1 GDP Growth Was Just "Revised" Away

On Friday, the US government's Bureau of Economic Analysis had some good and some not so good news: the good news was that the final estimate of Q4 GDP was revised higher from 1.0% to 1.4% (driven by an odd rebound in spending on Transportation and Recreational services). The bad news was that pre-tax earnings tumbled 7.8%, the most since the first quarter of 2011, after a 1.6 percent decrease in the previous three months, suggesting that while it is only the "strong" US consumer that is keeping the US economy afloat on their shoulders.

Fidel Castro Slams "Illustrious Visitor" Obama's "Honeyed Words", Cuba "Needs No Gifts From The Empire"

Fidel Castro Slams "Illustrious Visitor" Obama's "Honeyed Words", Cuba "Needs No Gifts From The Empire"

Having spent a couple of days glad-handing (and watching baseball) with Raul Castro in Cuba, 89-year-old Fidel Castro has come out swinging against "the empire" with a bristling 1500-word open letter recounting the history of US aggression against Cuba suggesting Obama "reflects and doesn't try to develop theories about Cuban politics." Despite all of The White House's claims of progress, Castro rages "we don't need the empire to give us any presents."

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