The Phaserl


Illinois Credit Rating on Its Way to Junk Status

by Peter Schiff, Schiff Gold:

Illinois’ credit rating is on its way to “junk” status.

According to an AP report, S&P Global Ratings recently warned it will likely lower Illinois’ creditworthiness to below investment grade if feuding lawmakers fail to agree on a state budget for a third straight year.

Analysts say this […]

Government Socialized Healthcare: Health Insurance Stocks Hit All Time Highs at Your Loss

from McAlvany Financial:

Study: Seattle’s Minimum Wage Hike Hurting City’s Most Vulnerable Workers

by Warner Todd Hurson, Breitbart:

A new study from the University of Washington says that Seattle’s minimum wage hike is hurting the very workers it was supposed to help.

The study published in the National Bureau of Economic Research found that the city’s wild hike in the wage to $13 last year caused […]

James Howard Kunstler – Major Crisis of Culture and Economy Coming Soon

from Greg Hunter:

US Baits ISIS to Stage False-Flag Chemical Attack to Justify Greater US Attack against Syria

by David Haggith, The Great Recession Blog:

What could be smellier and more tempting bait to get ISIS to launch a chemical-weapon attack than a US guarantee that “any” chemical weapon attack in Syria will be automatically blamed on Assad’s regime and will automatically result in the US attacking Assad and all of ISIS’s […]

Marc Faber Warns Stock Market Will Plummet at Least 40%

from Hang The Bankers:

If the man often hailed as the original “Dr. Doom” is right, the stock market could see another “lurch” higher — at which point investors may want to cash out quickly and run for cover.

Marc Faber, the editor of “The Gloom, Boom & Doom Report’ and a perennial bear, […]

Ep. 262: Republican Replacement Won’t Fix ObamaCare

from Peter Schiff:

The End Of The (Petro)Dollar: What The Federal Reserve Doesn’t Want You To Know

by Shaun Bradley, Activist Post:

The United States’ ability to maintain its influence over the rest of the world has been slowly diminishing. Since the petrodollar was established in 1971, U.S. currency has monopolized international trade through oil deals with the Organization of the Petroleum Exporting Countries (OPEC) and continuous military interventions. There is, […]

Are Illinois & Puerto Rico Our Future?

by Patrick J. Buchanan, via Lew Rockwell:

If Gov. Bruce Rauner and his legislature in Springfield do not put a budget together by Friday, the Land of Lincoln will be the first state in the Union to see its debt plunge into junk-bond status.

Illinois has $14.5 billion in overdue bills, $130 billion in […]

RMR: Exclusive Interview with Charles Hugh Smith (06/27/2017)


The Ultimate Regulatory Reform: Abolish Fractional Reserve Banking!

by Antonius_Aquinas, Market Oracle:

The Trump Administration has presented the first part of its plan to overhaul a number of Wall Street financial regulations, many of which were enacted in the wake of the 2008 financial crisis. The report is in response to Executive Order 13772 in which the US Treasury Department is to […]

Litecoin & Silver – “Bix Live” from The Greenhouse!

from RoadtoRoota:

Michael Lebowitz: Governments & Central Banks Have Misallocated Trillions in Capital

from WallStForMainSt:

The End of Markets, Part II – Jeff Nielson

by Jeff Nielson, Sprott Money:

Part I of this series presented readers with a grim reality: we no longer have markets. The trading exchanges which masquerade as markets fall far short of being legitimate markets, in many key respects.

The precise means by which our once-legitimate markets have been destroyed is a topic which […]

Short All Retail, Especially Amazon

by Dave Kranzler, Investment Research Dynamics:

“Bubbles require ever more money to sustain them. Currently that’s not happening. A severe market selloff could come at any moment.” The quote above is from Fred Hickey, who writes the The High-Tech Strategist newsletter. Mario Draghi, Chairman of the ECB, is under pressure to reduce the Central […]

China Suffers “Delusion” like 1980s Japan, Faces Long Stagnation

by Wolf Richter, Wolf Street:

Sudden Financial Meltdown is less likely.

The Chinese government has the situation under control and will do whatever it takes to keep it under control — that’s in essence what Premier Li Keqiang said today in a speech at the World Economic Forum in the Chinese city of Dalian.


The Single Easiest Way To Understand Precious Metal’s Value

by Andy Hoffman, Miles Franklin:

I have lots of “PiMBEEB,” or Precious-Metal-bullish, everything-else-bearish, topics to discuss – to the point that I could easily pen three or four articles. And trust me, I could easily do so; as in my quest, and the Miles Franklin Blog’s in general, to disseminate TRUTH – and in […]