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Permanent good can never be the outcome of untruth and violence.
- Mahatma Gandhi


8/21/2014
St. Louis Police officer shoots Kajieme Powell
Law and order. Whose laws? Whose order?


 full article...
8/21/2014
Fed officials see smaller balance sheet in the long run
This is wishful thinking. The Fed believes in the long run, the bankers' ponzi-scheme of credit and debt can function without Fed life-support. It can't.  full article...
8/21/2014
Fed is torn over the timing for boosting interest rates
The Fed is trapped. In the end game, there are no exits.  full article...
8/21/2014
Still awash with cash, world economies take turn for the worse
Central bankers discover that no amount of cash or credit can revive their credit and debt ponzi-scheme.  full article...
8/21/2014
Bank of America's $17 billion settlement not as large as it appears
BofA's record settlement for mortgage fraud is a smokescreen hoping to convince voters that the US is severely penalizing banks for the economic crisis. It isn't.  full article...
8/21/2014
Britain retail sales growth falls to an eight month low
So much for the recovery.


 full article...
8/21/2014
Euro area shows signs of weakening as surveys miss forecasts
Hope the EU is recovering wasn't a fact. It was a hope.  full article...
8/21/2014
Eurozone consumer confidence at 5-month low; weaker than expected
Consumer confidence plunged 19% in August, far more than economists expected.  full article...
8/21/2014
Italian bond yields drop to record as bund alternatives sought
EU Sovereign debt yields reach lows as search for both safety and yield distorts market.  full article...
8/21/2014
French manufacturing activity shrinks for fourth month in August
Economists were again surprised as French PMI again contracted. Sustained economic contraction leads to an economic depression.  full article...
8/21/2014
Report Islamic State demanded over $130 million ranson for James Foley



 full article...
8/21/2014
UK to ISIS: Hundreds of Britons flock to Islamic State
This is blowback for the US/UK invasion of Iraq in 2003. Who'd a thought. Not the US or UK.


 full article...
8/21/2014
'To stop Islamic State, kill their business'



 full article...
8/21/2014
Search continues for survivors of Hiroshima landslides
One month's rain fell in 24 hours triggering landslides. Record heat, record cold, floods, fires, drought, famine, etc. The earth changes are here.


 full article...
8/21/2014
Magnitude 5.1 earthquake hits parts of Himachal Pradesh



 full article...
8/21/2014
California drought stings honeybees, beekeepers



 full article...
8/21/2014
Japan supermarket sales continue to fall
On a yearly basis, sales fell 2.1 in July after falling 2.8% in June.  full article...
8/21/2014
Abenomics skepticism grows as price gauge retreats
Shinzo Abe's latest attempt to reverse Japan's deflationary spiral is doing no better than previous tries. It's failing to revive both growth and demand.  full article...
8/21/2014
China, Japan August factory surveys signal economic softness
As demand falls, China and Japan struggle to maintain growth.  full article...
8/21/2014
China manufacturing gauge drops as growth stalls
China's manufacturing sector stalled in August falling to a three month low.  full article...
8/21/2014
Hong Kong's rich get richer as economy sinks
In the end game, both East and West experience the same.  full article...
8/21/2014
China baby boom wagers go bust on child cost burden
In China, the high cost of children is an effective birth control method.  full article...
8/20/2014
MarketWatch: 'Uh-oh: stock buybacks are on the decline
Corporate buy-backs have been driving stocks higher for years. Now, corporate buybacks have plunged. Markets will follow.  full article...
8/20/2014
WSJ/NBC poll: The death of American optimism
76% of American don't believe their children will lead better lives. The truth about tomorrow is sinking in today.  full article...
8/20/2014
Manhattan vacancies rise in epicenter shift
Businesses abandon prestigious core of Manhattan in search of cheaper rents.  full article...
8/20/2014
Target cuts annual profit outlook amid profit outlook, data breach
Target's profit plunged 62% in the 2nd quarter as a slowing economy continues to erode consumer buying power.  full article...

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DARRYL ROBERT SCHOON: Inflation - Up, Up and Away
Inflation is a monetary phenomena that can destroy currencies and buying power in the blink of an eye. Economists' have temporarily forgotten about inflation as its equally dangerous twin, deflation is back. They shouldn't forget about inflation. They may be rudely reminded of its presence and soon. full article...


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See the best of our archived alerts under Classic Alerts.


Dollar & Sense, Show 58, Power
Power is not what people believe it to be. Power IS what IS.


 full article...


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Markets: Fear & Greed



Al Jazeera: Against all Odds - How an Palestinian-America won a GOP primary
The primary victory of GOP Congressman, Justin Amish, a Palestinian-American is a victory for America.  

full article...
Edward Hugh: The Italian runaway train
Italy is too big for the EU to ignore and to indebted to save. Edward Hugh's analysis exposes the problems Italy and the EU face. Worthy of thought and reflection.  

full article...
TEDtalk: Does money make you mean?
This is the study of human behavior using a rigged monopoly game. The conclusions are remarkable. Worthy of thought and reflection.


 

full article...


The Colbert Report: Ebola panic




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Ramen health risks: The dark side of the Noodle



 full article...
Ebola quarantine chaos: Police fire on desperate crowds in sealed-off Liberian capitol zone



 full article...
Grouper eats 4-ft shark in one bite



 full article...


'Shower the People' by James Taylor





full article...


Dollars and Sense, Show 7, Access Tucson, Darryl Robert Schoon

Darryl Robert Schoon "follows the money" in describing the power dynamics behind today's economy. Capitalism, i.e. modern banking, is a system where bankers issue debt-based money in order to profit by the indebting of others. This is why the world is indebted beyond its capacity to repay.



DRSCHOON.COM features the articles of Professor A. E. Fekete of the New Austrian School of Economics, a leading expert on gold and its role in financial markets and the economy.

The Wisdom of Adam Smith for Our Own Times

- A Rejoinder -

Let us celebrate the 291st birthday of the great Scottish economist together and let us rehabilitate his Real Bills Doctrine!

Richard Ebeling in the June 3rd issue of the Daily Bell under the same title contributed a much needed reminder of the relevance of Adam Smith's wisdom to our contemporary world. I am not going to speculate whether the omission of not mentioning Adam Smith's Real Bills Doctrine was accidental or deliberate. However, it is well known that post-Mises Austrian economists have taken a disdainful view of the Real Bills Doctrine and it would have been nice to have Ebeling's coherent articulation of their position. I can do no better than revisiting Adam Smith's great contribution to the theory of money and credit (which, significantly, received the nihil obstat of Carl Menger a hundred years later) for the benefit of the Daily Bell's readership. full article...

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