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Category: Financial, Economy

The Case For A 21-Hour Work Week

Fast Coexist To save the world—or really to even just make our personal lives better—we will need to work less. Time, like work, has become commodified, a recent legacy of industrial capitalism, where a controlled, 40-hour week (or more) in factories was necessary. Our behavior is totally out of step with human priorities and the nature of today’s economy. To lay the foundations for a “steady-state” economy—one that can continue running sustainably forever—a recent paper argues that it’s time for advanced developed countries transition to a normal 21-hour work week. There is nothing natural or inevitable about what’s considered...

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Dollar, Bond Yields Tumble On Pentagon Plans

 Zero Hedge Gold is resurging…     and bonds are bid (bond yields tumbling to their lowest since Nov 10th) after reports that The Pentagon is planning to shoot down North Korean missile tests. Interestingly, there is no safe haven bid for the dollar, which is also tumbling to post-election lows…   Combined with commodities freefall… it seems like every Trumpflation dream is being...

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Keiser Report: High Rent Blight (E 1059)

RT Published on Apr 18, 2017 In this episode of the Keiser Report Max and Stacy discuss high rent blight and the retail apocalypse. In the second half Max interviews Roy Sebag of about how monetary policy leads to the boarded up shop fronts of high rent blight. They also discuss the pitch for gold in an age of ever rising asset prices. RT LIVE Subscribe to RT!… Like us on Facebook Follow us on Twitter Follow us on Instagram Follow us on Google+ Listen to us on Soundcloud: RT (Russia...

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Keiser Report: Go Viral or Die Trying (E1053) [VIDEO]

RT   Published on Apr 4, 2017 In this episode of the Keiser Report, Max and Stacy discuss the need to go viral or die trying – literally and figuratively. In the second half, Max interviews Jaromil of about the latest in the bitcoin melodrama as Bitcoin Unlimited vs Bitcoin Core war rages on and it’s all about block size. RT LIVE Subscribe to RT!… Like us on Facebook Follow us on Twitter Follow us on Instagram Follow us on Google+ Listen to us on Soundcloud: RT (Russia Today) is a...

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Koch Brothers’ Operatives Fill Top White House Positions, Ethics Forms Reveal

The Intercept If the billionaire Koch brothers turn to the White House for favors, they will see many familiar faces. Newly disclosed ethics forms reveal that a significant number of senior Trump staffers were previously employed by the sprawling network of hard-right and libertarian advocacy groups financed and controlled by Charles and David Koch, the conservative duo hyper-focused on entrenching Republican power, eliminating taxes, and slashing environmental and labor regulations. Some of the relationships were well-known. Marc Short, for instance, now Trump’s chief liaison to Congress, previously led Freedom Partners Chamber of Commerce, the dark money nonprofit used by the Koch brothers and...

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Chinese Gold Miner Claims Discovery Of Largest Ever Gold Mine

Zero Hedge Shandong Gold Group, China’s second biggest gold producer by output, announced on Tuesday that it has discovered deposits in eastern China containing an estimated 380 tons of gold reserves, which would represent the nation’s largest ever gold deposit.   According to a Tuesday statement that cited the company on, the Xiling mine in Shandong province told local authorities it had found 382.58 tons of gold reserves and that the volume could reach more than 550 tons once exploration is completed in two years. According to local media reports, the Xiling gold seam in eastern China is...

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Mexico, the world’s biggest buyer of US corn, is considering offering duty-free access to Brazilian or Argentine maize as an alternative to American imports

Folha De S. Paulo FINANCIAL TIMES Mexico, the world’s biggest buyer of US corn, is considering offering duty-free access to Brazilian or Argentine maize as an alternative to American imports in a move that could have big consequences for US farmers worried about President Donald Trump’s trade and tax agenda. Mexico currently imports 98 per cent of its corn from the US and total US farm sales to Mexico were $17.7 billion last year – five times greater than when the North American Free Trade Agreement came into force in 1994. Mexican corn imports from the US were worth...

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Keiser Report: ‘The New Detroit’ (E1050) [VIDEO]

RT Published on Mar 28, 2017 Check Keiser Report website for more: In this episode of the Keiser Report Max and Stacy discuss the cheap wages and crushed limbs of Alabama’s auto manufacturing boom. In the second half Max interviews Professor John Mill Ackerman in Mexico City about what the NAFTA renegotiations might mean for Mexico and world trade and whether or not Andres Manuel Lopez Obrador could win the next elections with his anti-neoliberal economic message. WATCH all Keiser Report shows here:… (E1-E200)… (E201-E400)… (E401-E600)… (E601-E800)… (E801-E1000)… (E1001 – Current) RT...

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The Guernsey Experiment: Is It an Effective Solution for Eliminating Debt Slavery?

Omnithought The Guernsey Experiment was a financial experiment done by the States of Guernsey in the early 1800s to raise fund for improving the public market and reducing the debt of Guernsey. Instead of borrowing money from private banks, the Committee proposed that the States of Guernsey issued their own paper money to finance government projects. After a few years of implementing the Guernsey Experiment, the economy of Guernsey improved significantly, allowing the people to live in prosperity. Here is an introduction about what the Guernsey Experiment from After the Napoleonic Wars, Guernsey was in dire straits. Roads...

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$10 Trillion Missing from Pentagon and No One — Not Even the DoD — Knows Where It Is

 The Free Thought Project Over a mere two decades, the Pentagon lost track of a mind-numbing $10 trillion — that’s trillion, with a fat, taxpayer-funded “T” — and no one, not even the Department of Defense, really knows where it went or on what it was spent. Even though audits of all federal agencies became mandatory in 1996, the Pentagon has apparently made itself an exception, and — fully 20 years later — stands obstinately orotund in never having complied. Because, as defense officials insist — summoning their best impudent adolescent — an audit would take too long and,...

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Russia Prepares For Split With International Banking System

Russia Insider Russia has successfully developed and implemented an alternative should it be excluded from international banking systems, according to a recent report. As far as western sanctions go, by far Russia’s largest vulnerability is in its banking sector, which for better or for worse is tied to the hip with international banking. If Russia wishes to maintain the status quo, there’s not much that can be done about this dependency. But shortly after sanctions were announced in 2014, Moscow set out to prepare for the worst-case scenario: being cut off from the Worldwide Interbank Financial Telecommunication (SWIFT) system. In layman’s terms,...

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Massive permaculture project lifts 2.5 million out of poverty

Exposing the Truth If you visit the Loess Plateau right now you will find a suitably luscious landscape in the province thought to be the cradle of Chinese civilisation. Agricultural land is rich in produce and animals, tourism levels have significantly increased, and farmers are reaping the rewards of an economic boom on the land they own, not merely tend to. It is incredible to think that little over 10 years ago this flourishing ecosystem was devastated to the point of collapse, and no longer able to support the population. Centuries of unsustainable farming on the land caused alarming levels of soil erosion,...

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Why The 2017 French Election Could Trigger A Major Market Drop

Zero Hedge In 1981, the French stock market dipped in fears over François Mitterrand’s presidency win and the same could happen again, says Saxo Bank’s head of macro analysis Christopher Dembik. In the 30 days following the first round in the 1981 election, the French stock market dropped by over 20% as a result of concerns about the economic policies of Mitterrand, who eventually became president from 1981 to 1995. Dembik says that if Marie Le Pen – who has an anti-Eurozone stance – wins, the same steep dive could happen to the CAC 40 by 20% after the...

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Theresa May Will Trigger Article 50 On March 29, Starting Brexit Process

 Zero Hedge It appears that the long-awaited Article 50 trigger, officially beginning the Brexit process, will take place next Wednesday, March 29, because moments ago a Theresa May spokesman confirmed a report in the UK’s CityAM, reporting that Article 50 will be triggered next Wednesday. U.K. TO TRIGGER BREXIT ON MARCH 29, MAY’S SPOKESMAN SAYS Britain’s ambassador to the EU Tim Barrow told the office of European Council President Donald Tusk that Britain will trigger Article 50 of the Lisbon Treaty, Mrs. May’s spokesman said. He said he expects talks to begin promptly, but that the U.K. understands the...

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Deepening EU Banking Crisis Meets Euro-TARP and Taxpayers

 Wolf Street If the ECB scales back stimulus, banks face even greater risk of collapse. But now there’s a new solution. By Don Quijones, Spain & Mexico, editor at WOLF STREET. Events are moving so fast in Europe these days, it’s almost impossible to keep up. While much of the attention is being hogged by political developments, including the election in the Netherlands, Reuters published a report warning that the European banking sector may face even higher bad loan risks if the ECB begins to scale back its monetary stimulus programs, something it has already begun, albeit extremely tentatively. The...

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David Rockefeller, Former Head Of Chase Manhattan, Dies At 101

 Zero Hedge David Rockefeller, the famous banker and philanthropist with the family name that controlled Chase Manhattan bank for more than a decade and wielded vast influence around the world in the world of finance, has died on Monday morning at his home in Pocantico Hills, N.Y. He was 101. A family spokesman, Fraser P. Seitel, confirmed the death. Below is an exccerpt of his obituary from the NYT: Chase Manhattan had long been known as the Rockefeller bank, though the family never owned more than 5 percent of its shares. But Mr. Rockefeller was more than a steward....

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Beware the Debt Ceiling on the Ides of March [VIDEO]

maneco64 Published on Mar 4, 2017 In this report I talk about the expiry of the US Debt Ceiling Suspension on March, 15, 2017 and how it undermine the stability of the financial markets and the dollar. Donations to Maneco64: email: bitcoin… ethereum 0x5CecA7DB267169Ca6821edADC0baB80b346Ce6c0

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Stockman: “After March 15 Everything Will Grind To A Halt”

Zero Hedge Two weeks after David Stockman warned that “the market is apparently pricing in a huge Trump stimulus. But if you just look at the real world out there, the only thing that’s going to happen is a fiscal bloodbath and a White House train wreck like never before in U.S. history” and exclaimed that, when looking at markets, “what’s going on today is complete insanity” he is back with another interview, this time with Greg Hunter of USAWatchdog in which he, once again warns, that a giant fiscal bloodbatch is coming soon, and urges listeners to pay...

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