From David Stockman’s own website Contra Corner: David Stockman is the ultimate Washington insider turned iconoclast. He began his career in Washington as a young man and quickly rose through the ranks of the Republican Party to become the Director of the Office of Management and Budget under President Ronald Reagan. After leaving the White House, Stockman had a 20-year career on Wall Street….

Comments are by John Hussman of Hussman Funds You would think investors (muppets) would be grateful for the extended topping process of the stock market, as it has given them the opportunity to exit before the inevitable crash. As CNBC and the… Source: THE HERD IS HEADING FOR A CLIFF « The Burning Platform

VERY interesting story. On Monday, Zimbabwe announced that this small, economically devastated country would officially make the Chinese Yuan its legal tender as it seeks to increase trade with Beijing. In exchange for becoming not only a military but also financial colony of China, $40 million of its debts to Beijing would be canceled.  China…

A thought provoking commentary even if slightly US centric…… Source: oftwominds-Charles Hugh Smith: The World of Work Has Changed, and It’s Never Going Back to the “Good Old Days

About the China Beige Book: The China Beige Book uses quantitative and qualitative data to track on-the-ground sentiment as it changes from quarter to quarter across China’s industries, key subsectors, and regions. The quarterly report regularly surveys over 2,100 firms and 160 bankers across China, in addition to conducting in-depth interviews with C-suite executives throughout…

I leave this for your consideration. Let us all know who controls the world. It is the bankers. I am reminded of a story from the Bible where Jesus overthrew the money lenders in the Temple, one of the only times he was reported to be angry. I wonder if this is what will need…

Paul Craig Roberts discusses the issue of Christine Lagarde not only approving a change in historical rules that were part of the founding doctrine about the IMF but that the financial elite have gathered around her in support despite the fact that French courts want her to stand trial in France   The One Percent…

Michael Hudson is an independent investigative journalist. This (lengthy) article discusses the way the IMF (International Monetary Fund) has now been shown that it is blatantly part of US foreign policy actions with IMF chair Christine Legarde, who is facing criminal charges in France as France’s former Finance Minister (!), announcing that the IMF has…

Michael Pento from Pento Portfolio Strategies raises a number of issues in a succinct discussion with USA Watchdog’s Greg Hunter. Video 22mins.  

This notification (link below) from Zerohedge.com tells of conflict in economic data. We have just witnessed the US Federal Reserve raise interest rates an earth shattering 0.25% for the first time in about 10 years because of the ‘strengthening US economy’. What this means is that if you had borrowed say $1,000,000 (One million for…