Climate Philosopher Demands a Tax on Children

By Eric Worrall – Re-Blogged From http://www.WattsUpWithThat.com

h/t JoNova, Marc Morano – Climate philosopher Travis Rieder has been touring the country, trying to persuade university students not to have kids – and promoting ideas for restricting childbirth, including tax penalties against people who decide to have a child.

Should We Be Having Kids In The Age Of Climate Change?

Standing before several dozen students in a college classroom, Travis Rieder tries to convince them not to have children. Or at least not too many.

He’s at James Madison University in southwest Virginia to talk about a “small-family ethic” — to question the assumptions of a society that sees having children as good, throws parties for expecting parents, and in which parents then pressure their kids to “give them grandchildren.”

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Germans Warned To “Stockpile Cash In Case Of ‘War”

By Mark O’Byrne – Re-Blogged From http://www.Gold-Eagle.com

The German government is warning its people to ‘stockpile’ food, water and cash in case of ‘war’.

For the first time since the end of the Cold War, the German government is set to tell citizens to stockpile food, water, medicine, fuel and cash in case of war, an attack, catastrophe or “national emergency”, the Frankfurter Allgemeine Sonntagszeitung newspaper reported on Sunday.

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Proof The Economic Recovery Has Ended

By Michael Pento – Re-Blogged From http://www.pentoport.com

The primary data point that the perennial bulls on Wall Street claim as evidence for an improving economy is the monthly jobs number. The Non-farm Payroll Report claimed that 255,000 jobs were added in July on a seasonally adjusted bases. This number was well above the 12-month average of 190,000. And according to the Bureau of Labor Statistics (BLS), at total of 1.66 million additional people have been employed thus far in fiscal 2016, making this the one bright spot in the economy.

And with 1.66 million additional paychecks flooding the economy, one would assume the U.S. Treasury was flush with new tax receipts, which would assist in reducing the budget deficit. However, according to the Treasury Department, the deficit came in at $112.8 billion in July, the highest since February’s $192.6 billion. For the first ten months of the fiscal year, which ends Oct. 1, the budget deficit was $513.7 billion, up from $465.5 billion a year earlier.

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The Inflation Imperative

By Gary E Christenson – Re-Blogged From Deviant Investor

The western welfare states (US, UK, EU etc.) have borrowed more digital currency than can be repaid at current values. The choices are:

Massive inflation: a bad choice

Default: an even worse choice

From Jim Rickards (Strategic Intelligence – Sept. 2016 issue):

“Given the non-sustainability of sovereign debt under current monetary regimes and the necessity for global inflation, there are three possible endgame scenarios facing us now.”

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Ireland’s Biggest Bank Charging Depositors Negative Interest Rate Madness

By Mark O’Byrne – Re-Blogged From http://www.Gold-Eagle.com

Deposits at Bank of Ireland are soon to face charges in the form of negative interest rates after it emerged on Friday that the bank is set to become the first Irish bank to charge customers for placing their cash on deposit with the bank.

This radical move was expected as the European Central Bank began charging large corporates and financial institutions 0.4% in March for depositing cash with them overnight.

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Three Big Stories NOT Being Covered Part 3

By Andy Sutton & Graham Mehl – Re-Blogged From http://www.Gold-Eagle.com

The third and final (for now) portion of this series might be a tad anticlimactic. If so, we apologize. Most people know America is in debt beyond comprehension. A small subset of people understand that the numbers published by the government are missing a whole bunch of important items and use accounting methods that would land most business people in prison. An even smaller subset understands the idea of generational accounting.

What we are going to discuss this time around is not the long-term situation, but rather the medium to short-term situation because some really bad things are going to take place within the next 5-7 years absent major, MAJOR policy changes. At that point, the policy changes will have to be drastic since our government fiddled while Rome burned for the last 3 decades.

If you take nothing else away from this article, understand that our ‘leaders’ – of all political affiliations and stripes – KNEW this was going to be the result if they did nothing, yet that’s precisely what they did. The blame game this time around ought to be one for the ages, however a well-informed populace can short-circuit the traditional mudslinging by inserting the following statement: “You all knew. You knew and you did nothing. You are guilty of dereliction of duty. You failed your constituents and your country. ALL of you.”

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Hyperinflation Is Nigh

By Egon von Greyerz – Re-Blogged From http://www.Gold-Eagle.com

This coming autumn we are likely to see the beginning of the hyperinflationary phase of the sovereign debt crisis. Hyperinflation normally hits an economy very quickly and unexpectedly…and is the result of the currency collapsing. Hyperinflation does not arise as a result of increasing demand for goods and services.

The course of events in a hyperinflationary scenario can be summarised as follows:

  • Chronic government deficits
  • Debt issuance and money printing escalating rapidly
  • Bonds falling – interest rates rising fast
  • Currency collapsing

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