The overall sentiment… will be appreciated by many of the readers of this column. The idea that these abuses are endemic to government itself, however, and not just examples of the abuses of tyrannical governments…well, that’s a harder pill to swallow.
by James Corbett
The International Forecaster
Last week we covered the false dialectic between nationalism and regionalism that is leading us inevitably toward a globalist nightmare. Globalism is exposed at last as nothing more than an extension of the nationalist urge; the desire to consolidate political and economic power in the hands of an elite few. It operates on the same principles and resorts to the same justifications for its existence. Both ideologies believe in organizing society under the purview of a centralized authoritarian system to which individuals must sacrifice their natural rights for the promised benefits of collective government. Both claim their authority comes from a “consent of the governed” and represents the “will of the people.” Both make up their own arbitrary rules about how that consent is gauged or how people can shuffle the deck of figurehead representatives in that governmental structure. They only really differ on the jurisdictional boundaries of their presumed authority.
Continue Reading at TheInternationalForecaster.com…
by Chuck Butler
Despite sharing its nickname with the native flightless bird, the New Zealand dollar has been anything but grounded since the end of the 2008 U.S. financial crisis. Similar to many emerging market currencies, the New Zealand dollar, or Kiwi as it is known to traders, burrowed for refuge during the U.S. credit financial crisis as global markets took shelter in the relative safety of U.S. dollar holdings.
Notwithstanding a brief setback after the devastating 2011 Christchurch Earthquake in the populous Canterbury region of New Zealand, the kiwi has leveraged strength from its exporting commodities and domestic consumption to steadily gain against the U.S. dollar since 2009. (Figure #1) The question, of course, is whether the New Zealand dollar can take the strength of its rugged topography and hardy people to buck recent strength from the U.S. dollar.
Continue Reading at DailyPfennig.com…
by Mike “Mish” Shedlock
MISH’S Global Economic Trend Analysis
Congratulations. You are more productive than ever. Just don’t expect to be paid more for it. In reality, some machine is doing all that for you.
[...] Japan Times reports Robots Leave Behind Chinese Factory Workers
According to the International Federation of Robotics, an association of academic and business robotics organizations, China bought approximately 56,000 of the 227,000 industrial robots purchased worldwide in 2014 — a 54 percent increase on 2013. And in all likelihood, China is just getting started. Late last month, the government of Guangdong Province, the heart of China’s manufacturing behemoth, announced a three-year program to subsidize the purchase of robots at nearly 2,000 of the province’s — and thus, the world’s — largest manufacturers. Guangzhou, the provincial capital, aims to have 80 percent of its factories automated by 2020.
Continue Reading at GlobalEconomicAnalysis.Blogspot.ca…
from King World News
On the heels of another wild trading week in world markets, today one of the top economists in the world sent King World News an incredibly powerful piece warning that the alarming catalyst for coming global collapse will shock the world. Below is the fantastic piece from Michael Pento.
By Michael Pento of Pento Portfolio Strategies
April 19 – (King World News) – On a fundamental basis stock prices are reflective of both economic and earnings growth. When growth is strong, stock prices should increase in value. And when economic activity decelerates or turns negative, stock prices should go down. Of course nothing is that simple—especially today, when all markets are so highly manipulated by governments and central banks.
Continue Reading at KingWorldNews.com…
by Michael Krieger
[...] As many suspected, it turns out that the Clinton Foundation is indeed a tepid cesspool of crony corporate and government donations used to buy influence at the highest levels of Washington D.C. This shouldn’t surprise anyone paying attention, but it will hopefully wake up some Democrats still buying into the deep rooted myth of Hillary Clinton.
David Sirota and his colleagues at International Business Times have been relentless in uncovering several extremely important examples of her pathological cronyism. I highlighted his very important work just last week in the post, This is How Hillary Does Business – An Oil Company, Human Rights Abuses in Colombia and the Clinton Foundation. Here’s an excerpt:
Continue Reading at LibertyBlitzkrieg.com…
by Jordan Roy-Byrne, CMT
The Daily Gold
Precious Metals continue to be a conundrum. While Gold has trended lower it has failed to break below $1100 as so many expect. It is very strong against foreign currencies and did not break to a new low even as the US$ index rallied from 87 to 100. On the other hand, Gold has failed to sustain any bullish momentum. The gold stocks are even more oversold and have formed some higher lows since last November. Yet, they have failed to sustain any bullish developments and are far from reaching a higher high. Only time will tell which way the sector will break and how its bear market will conclude.
There are several things in the chart below to discuss. Aside from the price action in Gold, we plot the net speculative position in the COT and Gold’s volatility index (GVZ). The immediate weekly resistance for Gold is $1220 followed by $1250-$1260, where there is a strong confluence of resistance. Support is at $1180 and $1150.
Continue Reading at TheDailyGold.com…
by Martin Armstrong
QUESTION: Mr. Armstrong; I understand the income tax was introduced in 1913 with the creation of the Federal Reserve. Is it possible for a nation to survive without an income tax? HG
ANSWER: Income taxes are a product of the Marxist period. This is when class warfare became dominant. People actually argued that it was unjust that someone else had more money than another and expect government to take it from them. The introduction of the Income Tax was expressly stated that it would ONLY apply to the rich. This is no different from seeing someone with a Rolex watch and going with a gun to rob him yelling it’s not fair he has someone you do not. This is the coveting of your neighbor’s goods.
Continue Reading at ArmstrongEconomics.com…
Growth is dying & the Fed has few options left
by Brian Pretti
Chris Martenson’s Peak Prosperity
Increasingly we live in a world of Now. Instantaneous access to digital real time data and news has simply become a given in our lives of the moment.
You may be surprised to know that the Federal Reserve has taken notice.
To the point, GDP data that routinely comes to us from the US Bureau of Economic Analysis (BEA) arrives after the fact. From the perspective of the financial markets and investors — who are always looking ahead and trying to discount the future — GDP data is “yesterday’s news.” Moreover, revisions to quarterly GDP can come to us three months after the original data release (with final revisions sometimes years later), essentially becoming an afterthought in terms of relevance to decision making.
Continue Reading at PeakProsperity.com…
by Monty Pelerin
Monty Pelerin’s World
Confidence is a good thing when there is reason for it. Capable people generally are confident and they should be. But should confidence and ignorance be paired together? Most people would think not, but not the American school system.
Knowledge and confidence are natural allies but confidence and ignorance are not.
Knowledge is necessary to succeed. Confidence is also integral to success. Ignorance is an impediment to success. But confidence paired with ignorance is worse than ignorance alone.
The school system in the US now specializes in imparting confidence to its captives. Self-esteem and political correctness are more important than knowledge. “No child left behind” has come to mean that nobody fails, regardless of whether they learned anything or not. As a result, the country becomes increasingly populated with confident ignoramuses. These people have been taught and believe that their opinion on any matter is just as valid as someone knowledgeable in the field. Isn’t that what democracy is all about?
Continue Reading at EconomicNoise.com…
by David Stockman
David Stockman’s Contra Corner
Financial engineering is one of the worst ills perpetuated by the Fed’s regime of cheap debt and money market subsidies for speculation. And these deformations are turbo-charged by the tax code which creates a powerful bias toward loading capital structures with tax deductible debt, and to delivering returns as lightly taxed capital gains rather than ordinary income. In fact, stock buybacks and LBOs are the bastard offspring of the IRS and Federal Reserve.
Indeed, it would be safe to say that in an honest free market with a neutral tax regime, LBOs in particular would be as rare as a white buffalo. That’s because they inherently cause waste, inefficiency and malinvestment—–the opposite of market driven results.
Continue Reading at DavidStockmansContraCorner.com…
by Paul Rosenberg
The Daily Bell
Modern people are so deeply trained in the belief that dominant overlordship is the way of humanity that they no longer believe anything else is even possible. But coercive rule has not always been; it was created at a specific historical period.
This passage covers, briefly, some of the details before coercion was institutionalized.
Continued from last week…
Continue Reading at TheDailyBell.com…