Why Governments Will Not Ban Bitcoin
By Charles Hugh Smith Those who see governments banning ownership of bitcoin are ignoring the political power and influence of those who are snapping up…
Economy
Russia Triples Gold Reserves in Preparation for Full-Scale Economic War with the United States
By Jay Syrmopoulos The Central Bank of Russia has more than doubled the pace of its gold purchases, and tripled its gold reserves—from around 600…
In Defense of Cash: Why We Should Bring Back the $500 Note and Other Big Bills
By Jay L. Zagorsky, The Ohio State University A world without cash seems wonderful at first glance since it is convenient and fast. You don’t…
GDP Is Bogus: Here’s Why
By Charles Hugh Smith Here’s a chart of our fabulous always-higher GDP, adjusted for another bogus metric, official inflation. The theme this week is The…
Universal Basic Income: Visionary or Wishful Thinking?
By Susan Boskey Universal Basic Income, also known as UBI, social credit and Basic Income Guarantee, is not a new concept. However, it is being…
How Interlinked Corporations Rule the World
By Chris Kanthan Globalism is just like the mafia, but with lot more complexity and respectability. If you have watched mob films such as The…
New Oregon Law will Help Facilitate the Sale of Industrial Hemp Products
By Michael Maharrey Last Friday, an Oregon law went into effect that paves the way for the faster development of Oregon’s hemp market, and will further…
Migration of the Tax Donkeys
By Charles Hugh Smith Dear local leadership: here’s the formula for long-term success. A Great Migration of the Tax Donkeys is underway, still very much…
Washington Post Fails To Cover Amazon’s Nearly $300 Million Dollar Fine For Tax Dodging
By Aaron Kesel The Washington Post, owned by the same man who owns Amazon, Jeff Bezos, failed to cover the recent nearly $300 million dollar…
IRS Awards Multi-Million Dollar Fraud-Prevention Contract To Equifax Who Was Hacked TWICE
By Aaron Kesel You can’t make this up. The IRS awarded Equifax with a multi-million dollar fraud prevention no-bid contract despite that its own execs…
Wall Street Vs. Kremlin: Who Really Runs The White House?
By Tony Cartalucci Perhaps the only thing more incredible than quickly expanding conspiracy theories regarding the Kremlin’s influence over the White House is who is…
California Seeks Ban On Fossil Fuel Cars, Laying The Groundwork To Ban Human Driven Cars
By Aaron Kesel California known as the sunny state is eyeing a ban on sales of fossil-fuel cars in hopes of reducing carbon emissions as they…
As Sanctions on North Korea Ramp Up, War on Cryptocurrencies Heats Up
By Stefan Gleason The dangerous provocations between North Korea and the United States haven’t yet escalated enough to rattle financial markets. The U.S. stock market…
This Chart Defines the 21st Century Economy
By Charles Hugh Smith There is nothing inevitable about such vast, fast-rising income-wealth inequality; it is the only possible output of our financial and pay-to-play…