from Jeff Berwick:
from Jeff Berwick:
by Michael Krieger, Liberty Blitzkrieg:
On July 4th, journalist Heather Bryant published an important article on Medium that I think everyone should read and think about. Her story should make all of us uncomfortable, not just about the state of journalism, but also about how each of us thinks about class and the people around us doing under-appreciated, but vital work.
Below are some excerpts from the piece, but it’s worth reading the entire thing.
I was talking to this person whom I’d just met. They told me about their job and where they worked. They asked me about mine. I told them I’d worked in public media in Alaska before moving to the Lower 48. I was a couple of months from wrapping up my time as a John S. Knight Fellow at Stanford. They asked about what I worked on and I explained my research around collaboration in journalism and that I intended to continue working in this space after the fellowship ended.
4Chan Declares War On CNN, The ‘Media Mafia’ After They Blackmail & Threaten Reddit User For WWE GIF Of Trump Body-Slamming CNN Logo
by Susan Duclos, All News Pipeline:
Brief recap: In June CNN was forced to change headlines and a story that was completely false, then forced to retract another fake news article, delete all links to it and apologize while forcing three employees to resign over it, on top of project Veritas capturing CNN employees admitting the whole Russia narrative they have been pumping for the past six months was “bullsh*t” and a “nothingburger.”
Could it get any worse for CNN? Glad you asked, it just did.
After months of attacking President Trump, his family and his supporters, the president struck back with an amusing GIF where footage from WrestleMania 23 in 2007 where Trump went up against WWE CEO Vince McMahon during a “Battle of the Billionaires” match, has been retouched to show the President body-slamming a figure with the letters “CNN” superimposed over the person’s head.
With the typical snowflake, social justice warrior mentality, CNN and the rest of the establishment media went into full victimhood mode, claiming the GIF of Trump body-slamming a logo, was somehow an incitement to violence against all media.
by Michael Pento, Market Oracle:
Citigroup’s Economic Surprise Index just hit its lowest level since August 2011. But this level of disappointment has ironically emboldened the Fed to step up its hawkish monetary rhetoric. The truth is that the hard economic data is grossly missing analyst estimates to the downside as the economy inexorably grinds towards recession. This anemic growth and inflation data should have been sufficient to stay the Fed’s hand for the rest of this year and cause it to forgo the unwinding of its balance sheet.
But that’s not what’s happening. Ms. Yellen and Co. are threatening at least one more rate hike and to start selling what will end up to be around $2 trillion worth of MBS and Treasuries before the end of the year–starting at $10 billion each month and slowly growing to a maximum of $60 billion per month.
But why is the Fed suddenly in such a rush to normalize interest rates and its balance sheet? Perhaps it is because Ms. Yellen wants to fire Trump before she hears his favorite mantra, “you’re fired,” when her term expires in early 2018. It isn’t a coincidence that these Keynesian liberals at the Fed started to ignore the weak data concurrently with the election of the new President.
14 Facts That Prove That America’s Absolutely Pathetic System Of Public Education Deserves An ‘F’ Grade
by Michael Snyder, The Economic Collapse Blog:
One thing that almost everyone can agree upon is that our system of public education is broken. We spend far more money on public education than anyone else in the world, and yet the results are depressing to say the least. Considering how much we are putting into education, we should be producing the best students on the entire planet, but it just isn’t happening. Personally, I attended public schools from kindergarten all the way up through law school, and the quality of education that I received was extremely poor. Even on the collegiate level, most of the courses were so “dumbed down” that even the family dog could have passed them. And of course millions of other people all over the country would say the same sorts of things about their own educations. Many refer to what is happening to our society as “the dumbing down of America”, and if we don’t get things fixed the United States is on course to become a second class nation.
by Jeff Berwick, The Dollar Vigilante:
It’s already bad enough we live in a world overpopulated by idiots. Worse, they are often in charge of ‘the monetary system’ and even head up ‘the media’! Luckily for tomorrow, entrepreneurs are busy developing a decentralized crypto-monetary platform for a money that nobody can control, and an alternative media, of which we are part.
One recent article encompassed precisely the unnecessity of the stupidity of central bankers and their mainstream financial media lapdogs.
The article was entitled, “Amazon cutting prices at Whole Foods will not cause deflation.”
The author was responding to a quote from a Fed official, Charles Evans, who claimed the merger would result in lower grocery prices.
Federal Judge Blocks California Magazine Confiscation Law: “The Constitution Is A Shield From The Tyranny Of The Majority”
by Mac Slavo, SHTF Plan:
It’s no secret that people on the left have a disdain for our representative form of government. That’s why they threw such a big fit over the electoral college system after the last election. They don’t like the idea that laws and elections aren’t determined by the will of the majority, and they don’t recognize how dangerous that would be for everyone’s freedom (or worse, in some cases they know exactly how dangerous it would be).
But their hatred for our constitutional republic extends beyond the electoral college. They would prefer to live under a pure democracy, where the majority of the population can trash the rights of the minority. They would rather live under a system where individual rights are sacrificed for their twisted version of “the common good.”