Economy

Nationwide austerity protests hit Spain

Nationwide austerity protests hit Spain

Hundreds of thousands of Spaniards have taken to the streets across the country to protest the latest batch of austerity measures. Public employees, trade union members and fed-up citizens marched in over 80 Spanish cities on Thursday. Demonstrators carried flags and banners decorated with scissors, symbolizing the country’s harsh spending cuts. The streets of Madrid […]

An Abundant World

An Abundant World

Do you remember the movie Spaceballs? There is a scene in which President Skroob, played by Mel Brooks, reaches into his desk drawer to open a can of clean “Perri-air” after assuring a news agency that “there is absolutely no air shortage whatsoever.” While it may seem ludicrous that there would ever be a scarcity of clean […]

The Federal Reserve Is Not Going To Save Us From The Great Depression That Is Coming

The Federal Reserve Is Not Going To Save Us From The Great Depression That Is Coming

Michael Snyder, Contributor Activist Post Federal Reserve Chairman Ben Bernanke delivered his annual address to Congress on Tuesday, and he did very little to give lawmakers much confidence about where the U.S. economy is heading. Bernanke told members of Congress that recent economic data points “suggest further weakness ahead” and that the Federal Reserve is projecting […]

Bad Economic Signs 2012

Bad Economic Signs 2012

Brandon Smith, Contributor Activist Post In January of this year, I wrote an analytic financial piece entitled ‘Baltic Dry Index Signals Renewed Market Collapse’: http://www.alt-market.com/articles/540-baltic-dry-index-signals-renewed-market-collapse In that article I discussed the record breaking low hit by the BDI and its implications for the global economy; namely, that it signaled a steep decline in true demand around […]

Facebook Banking on a Cashless Society

Facebook Banking on a Cashless Society

Brandon Turbeville Activist Post As if the current methods of evaporating privacy and pushing a world toward the Cashless Society were not moving fast enough, Facebook is now developing and beta testing an app that would allow users to “pay their utility bills, balance their checkbooks, and transfer money at the same time they upload vacation photos […]

LIBOR: the ‘mega-scandal of all mega-scandals’ is upon us

The London Interbank Offered Rate, or LIBOR, scandal is growing by the minute and is shaping up to be one of the largest, if not the single largest, financial scandals of all time. This has the potential to make the massive conflicts of interest at the Federal Reserve and the $16 trillion in “emergency loans” given out by the Federal […]

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