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Millionaire Heiress Crusades Against Freedom to Spend Your Own Money

Via The Daily Bell In response to the tax bill which will lead to a lot more money in her pocket, Abigail Disney, heiress to the Walt Disney Company fortune, said she would be donating that tax break to a worthy cause of her choosing. No, wait. That’s not it at all. She got in […]


Jim Kunstler’s 2017 Year In Review

Authored by James Howard Kunstler via Kunstler.com, 2017 was the kind of year when no amount of showers could wash off the feeling of existential yeccchhhhh that crept over you day after day like jungle rot. You needed to go through the carwash without your car… or maybe an acid bath would get the stink […]


China’s Growth Story… Don’t Look For A Happy Ending!

Authored by Chris Hamilton via Econimica blog, Many economists suggest China is on the cusp of significant growth in domestic consumer demand.  That this rising domestic demand coupled with continued growth as the global exporter will push the global economy further.  However, I'll briefly show why neither of these outcomes is remotely likely. Problem #1- China as Consumer: According to the UN […]


Is A Russia-Cuba Energy Deal In The Works?

Authored by Irina Slav via OilPrice.com, The chief executive of Russian state oil major Rosneft met yesterday with Cuba’s President Raul Castro, suggesting that the two are working on an energy deal, Reuters reports. Rosneft started exporting crude oil to the Caribbean island earlier this year as its main supplier, Venezuela, struggled with a decline […]


The Output Gap Is Screaming For The End Of The Business Cycle

Via TimeMoney.com, Output Gap Explained The output gap is the difference between actual and potential economic output and is used by economists to understand the health of the economy. There will never be a metric which tells us how the economy will perform with absolute certainty. Not only is it difficult to predict the future, […]


Overstock.com CEO Exploring Sale To Fund Blockchain-Backed Global Property Venture

It’s fairly easy to categorize Patrick Byrne, the founder of Overstock.com, as a visionary, although he is usually described in less glowing terms in the mainstream media, a typical adjective being “controversial”. Byrne founded the $1.4 billion internet retailer of mainly “closeout” merchandise in 1997. In January 2014, Overstock became the first major online retailer […]


Frontrunning: December 13

Democrat wins Senate seat in Alabama in blow to Trump (Reuters) Capital Journal: With Alabama Loss, Trump and GOP Face Political Reckoning (WSJ) Democratic Victory Stirs GOP Anxiety Over Midterm Elections (WSJ) Fed Expected to Raise Rates (WSJ) With rate hike in the bag, Fed may hint at Trump effect on economy (Reuters) Fed 2018 […]


Pat Buchanan Asks “What Should We Fight For?”

Authored by Patrick Buchanan via Buchanan.org, “We will never accept Russia’s occupation and attempted annexation of Crimea,” declaimed Rex Tillerson last week in Vienna.   “Crimea-related sanctions will remain in place until Russia returns full control of the peninsula to Ukraine.” Tillerson’s principled rejection of the seizure of land by military force – “never accept” […]


What Life Is Like For A Million People In Puerto Rico Who Still Don’t Have Power

Authored by Daisy Luther via The Organic Prepper blog, If you ever wondered what it would look like if the grid collapsed here on the mainland, the island of Puerto Rico is a tragic, real-life case study. These stories show us what life is like for more than a million people who STILL don’t have […]


“One Day Soon, The Sun Will Not Rise”

Authored by Chris Hamilton via Econimica blog, When the Q4 US resident population data is released, something that has not happened in the post WWII era will take place.   The population of adults aged 15-64 years old will decline.  This was not supposed to happen and will put an end to seven plus decades of continuous population growth […]


US Coast Guard Operates Secret Floating Prisons In Pacific Ocean

Last week, Seth Wessler wrote a story for the New York Times, in which he described “terror on the high seas”: an expansion of the maritime war on drugs, the U.S. Coast Guard is operating a fleet of secret floating prisions in the Pacific Ocean. Coined “floating Guantanamos”, Coast Guard cutters have been deployed as far […]


Mapping The Richest People In The World

A few weeks ago, HowMuch.net detailed the richest person on each continent. Today, we take this one step further to show you the richest person in each country, according to Forbes. Source: HowMuch.net First off, Bill Gates is not on our list. Why? Because Jeff Bezos is officially worth more than him. Amazon has made some […]


America is Too Big, Like Going to a Restaurant with 20 Friends

Via The Daily Bell Have you ever tried to go out to dinner with a party of 20? This is a group of people with presumably the same core value: you all want to have dinner with some friends. So everyone is in agreement on the goal, even if a few guys just go along […]


Stockman Exposes “The Black Swan In Plain Sight” – Debt Out The Wazoo

Authored by David Stockman via Contra Corner blog, The black swan in plain sight does emit the Donald's orangish glow, but at the end of the day its true color is actually red. That is, monumental towers of rapidly rising debt loom everywhere on the planet. For the moment, the artificial cash flow from this unsustainable borrowing spree is keeping a simulacrum of growth […]


Paradise Papers: Massive New Leak Exposes Tax-Haven Secrets, Links Wilbur Ross To Russia

One year after the Panama Papers revealed billions in assets are held in offshore "tax haven" accounts by some of the world's most powerful and wealthy individuals, on Sunday a huge new leak of financial documents disclosed by the International Consortium of Investigative Journalists (ICIJ) – a global network that won the Pulitzer Prize this […]