The Rowboat (Wages) And The Yacht (Assets)

Authored by Charles Hugh Smith via OfTwoMinds blog,

As I keep saying: the status quo has divested the working and middle classes.

The reason why the status quo has failed and is fragmenting is displayed in these three charts of wages, employment and …

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Swiss Central Banker Goes On Murder-Suicide Rampage: Kills Top Lawyer, Self

The drama of a murder-suicide in a sleepy, Swiss town reached the main financial street in Zurich, after it emerged that the man who shot top lawyer and media man, Martin Wagner, in cold blood on Sunday, was a risk manager for the Swiss National Bank.

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GE Just Signaled The Next Crisis (And Nobody’s Paying Attention)

Authored by Simon Black via SovereignMan.com,

Earlier this month, General Electric took a $6.2 billion charge to its insurance unit for the fourth quarter. And the company said it will set aside another $15 billion over seven years to bolster reserves…

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Second Test Of Costly US Missile-Defense System Fails

In a report that raises further questions about the US’s ability to respond to a ballistic missile attack from North Korea or one of its other adversaries, CNN said the US conducted an unsuccessful missile defense test on Wednesday.

The missile, which…

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Sask. Ministry of Economy launches probe into strong ‘<b>crude oil</b>-like’ odour in Unity

“We have no additional information to provide at this time,” a spokesperson wrote. Carey Baker, director of economic development in Unity, said he used an air-sampling canister provided from the Ministry of Environment to take an air sample. “It was a crude oil-like smell,” said Baker. “That’s how I would …

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Trump Reportedly Asked Rosenstein “Are You On My Team?” Ahead Of Congressional Testimony

Ignoring objections from the FBI and Deputy Attorney General Rod Rosenstein, President Donald Trump is by all accounts preparing to release the controversial “FISA memo”, which was assembled by House Intel Chairman Devin Nunes.

Top Democrats – who onc…

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Peter Schiff Warns “They’ve Got No More Tricks Up Their Sleeves”

Authored by Mac Slavo via SHTFplan.com,

Peter Schiff recently attended the Vancouver Resource Investment Conference. While he was there, he did an interview with Daniela Cambone of Kitco News and Schiff said gold is going to soar.

But Schiff (who p…

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