The Rowboat (Wages) And The Yacht (Assets)

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Authored by Charles Hugh Smith via OfTwoMinds blog, As I keep saying: the status quo has divested the working and middle classes. The reason why the status quo has failed and is fragmenting is displayed in these three charts of wages, employment and assets: wage earners (labor) are in a rowboat trying to catch the…

Swiss Central Banker Goes On Murder-Suicide Rampage: Kills Top Lawyer, Self

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The drama of a murder-suicide in a sleepy, Swiss town reached the main financial street in Zurich, after it emerged that the man who shot top lawyer and media man, Martin Wagner, in cold blood on Sunday, was a risk manager for the Swiss National Bank. This is what happened: according to barfi.ch, on Sunday,…

GE Just Signaled The Next Crisis (And Nobody’s Paying Attention)

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Authored by Simon Black via SovereignMan.com, Earlier this month, General Electric took a $6.2 billion charge to its insurance unit for the fourth quarter. And the company said it will set aside another $15 billion over seven years to bolster reserves at GE Capital. The charge had to do with long-term care policies (to pay…

Taipei Partners With IOTA To Become A Blockchain-Powered Smart City

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Taipei, Taiwan is seeking to become a ‘leading’ smart city by utilizing the power of Distributed Ledger Technology (DLT) through IOTA’s Tangle system. #NEWS
The post Taipei Partners With IOTA To Become A Blockchain-Powered Smart City appeared first o…

Second Test Of Costly US Missile-Defense System Fails

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In a report that raises further questions about the US’s ability to respond to a ballistic missile attack from North Korea or one of its other adversaries, CNN said the US conducted an unsuccessful missile defense test on Wednesday. The missile, which was launched from land in Hawaii, failed to intercept an incoming target. The…

Sask. Ministry of Economy launches probe into strong ‘crude oil-like’ odour in Unity

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“We have no additional information to provide at this time,” a spokesperson wrote. Carey Baker, director of economic development in Unity, said he used an air-sampling canister provided from the Ministry of Environment to take an air sample. “It was a crude oil-like smell,” said Baker. “That’s how I would … The post Sask. Ministry of…

Trump Reportedly Asked Rosenstein “Are You On My Team?” Ahead Of Congressional Testimony

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Ignoring objections from the FBI and Deputy Attorney General Rod Rosenstein, President Donald Trump is by all accounts preparing to release the controversial “FISA memo”, which was assembled by House Intel Chairman Devin Nunes. Top Democrats – who once echoed criticisms from inside the DOJ – now admit that the memo’s contents – once said…

Peter Schiff Warns “They’ve Got No More Tricks Up Their Sleeves”

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Authored by Mac Slavo via SHTFplan.com, Peter Schiff recently attended the Vancouver Resource Investment Conference. While he was there, he did an interview with Daniela Cambone of Kitco News and Schiff said gold is going to soar. But Schiff (who predicted the 2008 recession) also explains why he believes now may be a good opportunity to invest in…

Facebook Tumbles After Daily Users Miss, Zuck Warns Users Spending Less Time On Site

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Amid Capitol Hill hearings, shifts in the news strategy, promoting local content, kicking out Russian spies and banning bitcoin ads, Facebook managed to beat Q4 revenue expectations, with Revenue printing st $12.97BN, above the $12.55BN estimate, however EPS missed, coming in at $1.44, below the $1.95 expected as a result of the impact of tax…

Dow Soars To Best January Since 1997, Bonds’ Worst Start In 25 Years

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January summed up… Bonds worst January since 1992… Dow’s best January since 1997… Dollar’s worst January since 1987… Phew… that was quite a month… Records busted everywhere… And the S&P is now on a 15-month win-streak (never happened before) and is up for 22 of the last 23 months – since The Shanghai Accord in…

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