United States

In the past few months, the Bureau of Labor Statistics has gone out of its way to show that U.S. worker compensation is finally rising. There is one problem with that: while that may be true on an hourly basis...

... on a weekly basis, the picture is vastly different. What is happening is that weekly wage growth have gone nowhere in years, but because the average hours worked per week has declined and today hit a 2 year low of 34.4, it translates into more money per hour worked.

Earlier his week, California paved the way for a $15/hour minimum wage, in a move that essentially communicated the following message: “..to hell with economics.”

The living wage issue is one of the most controversial debates playing out in America today and it goes right to the heart of partisan politics.

Anyone who’s “feeling the Bern” so to speak, believes they’re entitled to make enough flipping burgers to feed their family. And you know what? They’re wrong. Dead wrong.

The U.S. military are going to deploy thousands of troops to the Russian border in an effort to protect NATO’s eastern borders from “aggressive Russia”. Around 4,500 soldiers armed with 250 tanks, Bradley Fighting Vehicles, Paladin self-propelled howitzers, and over 1,700 vehicles will station themselves at the border in the biggest deployment of its kind since the end of the Cold War. Vice News reports: They will conduct military exercises across Estonia, Latvia, Lithuania, Poland, Romania, Bulgaria, and Hungary, according to a statement from US European Command.

Chinese military plan to keep their next generation intercontinental ballistic nuclear missiles on a hair-trigger state of readiness as a deterrent against the US. World leaders with the exception of Russia gathered in Washington today for the Nuclear Security Summit hosted by president Obama to discuss nuclear weapons and security. Sputnik reports: China’s nuclear deterrence strategy in the past has relied on patience, with a calm focus on long-term retaliation rather than immediate reprisal. Under President Xi Jinping, that policy is about to change.

It is our mission to rebut any mainstream article that spreads misinformation about gold and/or shows a gross misunderstanding of monetary history. In Matt O’Brien’s “Wonkblog” in the Washington Post on February 23, 2016, titled “This might be Ted Cruz’s worst idea“, he does both. The ‘worst idea’ in this case refers to the Texas Senator’s view that it would be to the benefit of the US economy to return to a gold standard.