- The absurdity that we are witnessing in the financial markets is absolutely breathtaking. Just recently, a good friend reminded me that the Dow peaked at just above 14,000 before the last stock market crash, and stock prices were definitely over-inflated at that time. Subsequently the Dow crashed below 7,000 before rebounding, and now thanks to this week’s rally we on the threshold of Dow 24,000. When you look at a chart of the Dow Jones Industrial Average, you would be tempted to think that we must be in the greatest economic boom in American history, but the truth is that our economy has only grown by an average of just 1.33 percent over the last 10 years. Every crazy stock market bubble throughout our history has always ended badly, and this one will be no exception.
Read more at :The Dow Peaked At 14,000 Before The Last Stock Market Crash, And Now Dow 24,000 Is Here
- In a surprising, and unexpected warning – which seemingly came out of nowhere – Russia’s Finance Minister Anton Siluanov cautioned Washington yesterday that “If our gold and currency reserves can be arrested, even if such a thought exists, it would be financial terrorism.”
- The comment appears to have been prompted by consideration of escalating US/EU sanctions which could ultimately impact Russia’s offshore held gold and reserves. If sanctions include the freezing of foreign accounts of the central bank, it would be equal to declaring financial war on Russia, Siluanov said, although he added that he considers such a scenario unlikely (for now).
- After making the point that Russia’s budget is prepared for the possibility of tougher US/EU sanctions, RT reports that Siluanov warned
Read more at:Russia Warns Washington: Confiscating Gold Reserves Would Be “Declaration Of Financial War”
- Did you know that the number of retail store closings in 2017 has already tripled the number from all of 2016? Last year, a total of 2,056 store locations were closed down, but this year more than 6,700 stores have been shut down so far. That absolutely shatters the all-time record for store closings in a single year, and yet nobody seems that concerned about it. In 2008, an all-time record 6,163 retail stores were shuttered, and we have already surpassed that mark by a very wide margin. We are facing an unprecedented retail apocalypse, and as you will see below, the number of retail store closings is actually supposed to be much higher next year.
- Whenever the mainstream media reports on the retail apocalypse, they always try to put a positive spin on the story by blaming the growth of Amazon and other online retailers. And without a doubt that has had an impact, but at this point online shopping still accounts for less than 10 percent of total U.S. retail sales.
Read more at:We Have Tripled The Number Of Store Closings From Last Year, And 20 Major Retailers Have Closed At Least 50 Stores In 2017
- The top 5% who have benefited so immensely from the consolidation of wealth and power cannot confess the status quo has failed the bottom 95%.
- The corporate/billionaires’ media would have us believe that the crisis we face is populism, a code word for every ugly manifestation of fascism known to humanity. By invoking populism as the cause of our distemper, the mainstream media is implicitly suggesting that the problem is “bad people”–those whose own failings manifest in an attraction to fascism. If we can successfully marginalize these troubled troglodytes, then our problem, populism, would go away and the wonderfulness, equality and widespread prosperity of pre-populist America will be restored.
- The problem isn’t populism–the problem is the status quo has failed 95% of the populace.
Read more at:The Problem Isn’t Populism: the Problem Is the Status Quo Has Failed
- Salvator Mundi, said to be by Leonardo da Vinci, is the world’s most expensive painting.
- Last Wednesday, at auction, each square inch was valued at nearly $1 million – including the bummed-up, restored, and damaged parts.
- The painting may not be da Vinci’s work. Or perhaps, since it has been so heavily doctored up, little remains of his work. And whoever’s work it was must have been having a bad day.
- And yet, it sold for over $450 million (including auction-house charges) – a lot of money for such a depressing work of art.
- The question on the table: Why?
- But since we don’t know the answer to that question, we’ll answer another one: How come so many people have so much money?
Read more at:How The Deep State Squeezed America’s Wealth
- Welcome to the year 2030. Welcome to my city – or should I say, “our city”. I don’t own anything. I don’t own a car. I don’t own a house. I don’t own any appliances or any clothes.
- It might seem odd to you, but it makes perfect sense for us in this city.
- Everything you considered a product, has now become a service. We have access to transportation, accommodation, food and all the things we need in our daily lives. One by one all these things became free, so it ended up not making sense for us to own much.
- First communication became digitized and free to everyone. Then, when clean energy became free, things started to move quickly. Transportation dropped dramatically in price. It made no sense for us to own cars anymore, because we could call a driverless vehicle or a flying car for longer journeys within minutes.
Read more at:Welcome To 2030. I Own Nothing, Have No Privacy… And Life Has Never Been Better
- In political matters, the public are taught to believe that some political Party is ‘good’, and that the others are “bad”; but the reality in recent times, at least in the United States, has instead been that both Parties are rotten to the core (as will be clear from the linked documentation provided here).
- Belief in this myth (that the opposition between Parties is between ‘good’ ‘friend’ versus ‘bad’ ‘enemy’) is based upon the common adage that “The enemy of my enemy is my friend.”
- One side is believed, and ones that contradict it are disbelieved – considered to be lying, distorting: bad. But, maybe, both (or all) Parties are deceiving; maybe all of them are enemies of the public, but just in different ways; maybe each of them is trying to control the country in the interests of (and so to obtain the most financial support from) the aristocracy, while all of them are actually against the public.
Read more at:The Public Are All Alone: Understanding How The Enemy Of Your Enemy Is Not Your Friend