This week still looks to be the target for at least a temporary low. The Dow has broken the 15000 level with support beginning at the 14825-14805 level. Additional support lies at the 14718 level down to 14648. There is a gap down thereafter to 14450-14393. The major support starts at 13782 and only a […]

The collapse in the Indian rupee illustrates the difference in thinking between government and the people. While India’s central bank has said that it will inject 80bn rupees ($1.3bn; £806m) into the country’s banking system by buying long-term government bonds trying to stimulate and secure the economy, there is another aspect they fail to grasp […]

We are at the stage of complete moronism because government cannot see that it is the entire Marxist-Keynesian centralized control that is collapsing. Greece will need new bailout, says Germany’s Schaeuble. They fail to grasp that the system need to be revised from the ground up. After the downturn begins 2015.75, then perhaps we will see […]

The ramifications of what has unfolded ever since the revelations of Snowden has truly reshaped the world. For the past two years, I have been told from people working on Capitol Hill that the NSA was sucking up everything including their emails. Of course, as long as the US government can intimidate the US press, […]

The turn in capital flows is also in part linked to the decline in retail sales that has been showing up in US reports. Thailand has entered a recessionary trend with slowing exports and weakening domestic demand. This is helping the capital flows to shift and the strength in the Euro has been the capital contraction […]

The debt crisis is being felt at the state and local levels. This entire structure of promising pensions on the assumption that they can just always raise taxes is destroying society on a grand scale precisely for the same reasons Rome fell – unfunded liabilities caused by promised pensions for state workers. Detroit is not […]

David Miranda, the companion of Glenn Greenwald, who was a journalist with the British “Guardian” newspaper and the primarily journalist responsible for the NSA revelations, was arrested at the London Airport on Monday. The British have seized whatever the “Guardian” had and was forced by British intelligence to be destroyed under their supervision any and […]

The US government in its quest for money has embarked upon even seizing people’s laptops at the border. It is their position that the constitution really has no force of law at the border. They need no probable cause to search through your laptop for clues to hidden bank accounts etc. These people trust no […]

QUESTION: Will the Fed still taper? ANSWER: The Fed ‘tapering’ will happen but it is not truly impacting the economy. That is the whole fallacy about what is going to happen. Buying the mortgage back securities does nothing for the economy. This has neither been inflationary nor stimulating.WHY? The theory is the Fed is actually injecting […]

India’s biggest two-day stock market slide since 2009, surging bond yields and a plunge in the rupee to a record low are pressuring officials for fresh steps to stem capital outflows and support the economy, one reason behind the 10% tax on gold. Then there is the analysis of China conducted by the Economist that […]