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Economic News

State Passes Landmark Bill To End Federal Reserve’s Monopoly on Money
Sound money advocates scored a major victory on Wednesday, when the Arizona state senate voted 16-13 to remove all income taxation of precious metals at the state level. The measure heads to Governor Doug Ducey, who is expected to sign it into law.

Target launches gay pride products: We ‘proudly stand with the LGBT community’Go Ahead And Shop With These Pervert Supporters-Saving A Dollar Is More Important Than An Eternal Soul!!
Target stores are promoting a gay pride line of products dubbed "Take Pride" despite facing huge losses from a boycott against the company's transgender bathroom policy.
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Why Taxation is Slavery: Words From Frederick Douglass
What do you call it when someone takes 100% of your labor by force? Slavery.
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The Dollar Dump Begins: “China, Japan, Belgium, Switzerland and Saudi Arabia Have All Become Big Sellers”
As global financial markets teeter on the edge of collapse, a report published this morning suggests that the run up in the U.S. dollar may be over. As of today, some 80% of post-Trump election gains have been wiped out and as noted in the special video report from Future Money Trends below, it appears that things are only going to get worse:
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Arizona Challenges the Fed’s Money Monopoly
History shows that, if individuals have the freedom to choose what to use as money, they will likely opt for gold or silver.
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Dr. Doom Warns of Stock Market Selloff 'Avalanche'
Marc Faber, known as ‘Dr. Doom’ for his pessimistic views of equity markets, has warned investors that US stocks are vulnerable to a seismic selloff, which could start any moment.
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Wendy’s Installs Robots In 1,000 Stores To Counter Minimum Wage
or the last several years, the Free Thought Project has been predicting what will happen as government continued to arbitrarily fix wages across the US. As politicians deceive their constituents into thinking financial success can come through an act of legislation, employers will find a way to offset this cost. It will either come through higher prices or, in this most recent Wendy’s case — robots.
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Why Is the Cost of Living so Unaffordable?
The mainstream narrative is "the problem is low wages." Actually, the problem is the soaring cost of living. If essentials such as healthcare, housing, higher education and government services were as cheap as they once were, a wage of $10 or $12 an hour would be more than enough to maintain a decent everyday life.
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Gold and silver prices SURGE amid fears US stock markets are about to COLLAPSE
INVESTORS have continued to pile cash into precious metals, amid worries that US stock markets are on the verge of a huge crash.
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Meet the Inevitable Effect of a $15 Minimum Wage — The “Big Mac ATM”
Everyone who’s seen the ominously accurate comedy, Idiocracy, remembers the Carl’s Jr. atm that would, rather terribly, dispense fast food. Well, now they are a reality.
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Cash No Longer King: Europe Begins Elimination Of Paper Money
Technocracy requires a cashless society so that everyone is included. A digital system can then be converted into an energy currency. This requirement was set in the 1930s by the original designers of Technocracy. ⁃ TN Editor
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Davos Elites Call For a Ban on Physical Cash... in the US.
If you think the Elites aren’t watching this unfold with sheer delight you’re mistaken. Globally a war on cash has been declared. And India has now proved that it can be done with little consequence. The fact it INCREASE tax hauls (something every Government on the planet wants) is just icing on the cake.
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Jim Rogers: "We're About To Have The Worst Economic Problems Of A Lifetime, A Lot Of People Will Disappear"
“Get prepared,” warns billionaire commodity guru Jim Rogers, “because we’re going to have the worst economic problems in your lifetime and a lot of people are going to disappear.” In this wide-ranging interview with MacroVoices’ Erik Townsend, the investing legend discusses everything from whether Russia is being scapegoated (“yes, ask Victoria Nuland”), the war against cash (“governments love it… they want to control everything”), to his views on gold and the demise of freedom.
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UTAH MAY SOON DUMP FEDERAL RESERVE: “PUT TRUST BACK IN GOD AND GOLD, RATHER THAN CENTRAL BANK”
MAC SLAVO-States fed up with the phony, manipulated central bank currencies are starting to move away from the failing system – and prepare to hedge themselves against the worst case scenarios of monetary collapse.
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Ron Paul Warns: "Second Financial Bubble Going To Burst Soon... Even Trump Can't Stop I
Federal Reserve policy has literally set the country up for collapse, and though the central bank has been very creative in making the impossible work, and putting off disaster, nothing can hold back the flood forever.
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Surprise: Bay Area Restaurants Disappear After Minimum Wage Hike
Restaurants are rapidly going out of business in the Bay Area, after San Francisco passed a $15 minimum wage law in 2014 and the State of California followed suit in 2016. Yet the media are struggling to make the connection between high minimum wages and restaurant closures.
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Food-Stamp Recipients Can Now Order From Amazon, Other Online Retailers
Food-stamp recipients can use their taxpayer-funded benefit to order online from retailers like Amazon under a new Obama administration initiative that aims to facilitate the shopping experience for rural and urban residents. It marks the latest of many costly experiments by the administration to expand the fraud-infested program, which has seen a record-high number of beneficiaries under President Obama. To eliminate the welfare stigma, the administration renamed food stamps Supplemental Nutrition Assistance Program (SNAP) and the rolls swelled to an astounding 46.5 million in 2016. This cost American taxpayers and eye-popping $70 billion, according to government figures.
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Mad As Hell
If you want to understand why Trump won the recent US presidential election, you can't overlook the economic data. If you do, his victory may look mighty confusing, alarming even. But once you understand the degree to which the average US family and the entire Gen-X and Millennial generations are being completely hosed economically, everything starts to take shape.
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Macy’s announces MAJOR store closings
Macy’s says it is eliminating more than 10,000 jobs and plans to move forward with 68 store closures after a disappointing holiday shopping season. The department store chain also lowered its full-year earnings forecast.
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BANK COLLAPSE: DEUTSCHE BANK STOCK PLUNGES TO ALL TIME LOW AFTER MERKEL REJECTS BAILOUT
Tyler Durden for Zero Hedge reports As reported over the weekend, in an unexpected announcement Angela Merkel announced that she has ruled out state aid for Deutsche Bank, and the market reaction has been swift and brutal, with the bank’s shares tumbling to a new all time low, sliding more than 6% this morning to €10.70, amid concerns that mounting legal bills, including a looming fine over its pre-crisis mortgage bond business, may force the lender to raise capital.

Buy A House For 2.6 Ounces Of Gold
Few people realize the coming bargains in all asset markets within the next five years or so. Stocks, bonds, and property will be fractions of current prices. I discussed in last week’s article how I expect stocks and property to decline maybe as much as 90%. Most people will consider this as sensational speculation and impossible but similar falls have happened in history before. And at no previous time in history has there been a credit bubble of a magnitude that the world is facing today. Previously individual countries have experienced depressions, often preceded by hyperinflation. But never before has every single industrialized country had a century of the exponential growth of credit, asset prices and inflation which is likely to lead to a global collapse.
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They Are After Your Cash (And If This Happens They Will Get It)
If the IRS has its way, cash will be a thing of the past. In its place, every transaction will be digital, every purchase will leave a footprint. And it will tell your story – where you go and what you buy while you are there.
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Did a Chinese banker just announce the biggest event in human history
Last week Zhou Xiaochuan, the head of China’s central bank, announced, in a jargon filled technical interview, that China would no longer be pegging its currency to the US dollar. Instead, the Chinese yuan will be linked to a broad basket of currencies, Zhou said.

Government Workers Now Outnumber Manufacturing Workers by 9,977,000
(CNSNews.com) - The United States lost 9,000 manufacturing jobs in October while gaining 19,000 jobs in government, according to data released by the Bureau of Labor Statistics.
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Most Americans have no idea that one of our most famous presidents was absolutely obsessed with getting rid of central banking in the United States. The following is a February 1834 quote by President Andrew Jackson about the evils of central banking…
I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the Bank. You tell me that if I take the deposits from the Bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out and, by the Eternal, (bringing his fist down on the table) I will rout you out.

War on Cash intensifies: Citibank to stop accepting cash at some branches
Less than a week after India’s surprise move to scrap its highest denomination cash notes, another front in the War on Cash has intensified down under in Australia.
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Secret Swiss Military Bunkers Being Filled With Gold By Billionaires Seeking “Alternatives To Bank Deposits”
For decades, Switzerland had a reputation for bank secrecy that made it the most sought after tax haven for billionaires from around the globe.
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Tent Cities Full Of Homeless People Are Booming In Cities All Over America As Poverty Spikes
Just like during the last economic crisis, homeless encampments are popping up all over the nation as poverty grows at a very alarming rate. According to the Department of Housing and Urban Development, more than half a million people are homeless in America right now, but that figure is increasing by the day. And it isn’t just adults that we are talking about. It has been reported that that the number of homeless children in this country has risen by 60 percent since the last recession, and Poverty USA says that a total of 1.6 million children slept either in a homeless shelter or in some other form of emergency housing at some point last year. Yes, the stock market may have been experiencing a temporary boom for the last couple of years, but for those on the low end of the economic scale things have just continued to deteriorate.
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5 Urgent Warnings From Big Banks That the “Economy Has Gone Suicidal"
The economy has gone suicidal. It is working against the very people who need its energy to survive. It is collapsing on its own weight, and the weight of literally incalculable levels of toxic debt. And it is going to create the greatest disaster of our time, if the warnings from the world’s most powerful bankers are any indication.
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The Total Amount Of Debt In The World Just Hit A Record $152,000,000,000,000 (152 Trillion)
If anyone ever asks you how much debt there is in the world, now you will know the answer. According to the IMF, the total amount of debt around the globe has now hit a staggering 152 trillion dollars. That is an amount of money that is almost unimaginable, and the IMF says that it is equivalent to 225 percent of global GDP. It is the biggest debt bubble in the history of the planet, and it is rising at an extremely alarming pace. Experts all over the world agree that when this debt bubble finally bursts, it is going to create an economic crisis on a scale that humanity has never seen before.
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