Participatory budgeting is a decision-making process through which citizens deliberate and negotiate over the distribution of public resources. Such a process can engage taxpayers to work closely with their government to make budget decisions.
- Economic Pluralism And Science
- FI Special: The British General Election And A First Round French Presidential Election Forecast
- America’s Health Care Costs Are Crushing the Economy
- 17 Reasons Why You Should Own Gold
- A Guide to the French Vote (and How It Relates to ‘Brexit’ and Trump)
- What’s the Maker of Post-it Notes Doing in the Ankle Monitor Business? Struggling
- Why the Menace of Mosquitoes Will Only Get Worse
- U.S. Farmers, Who Once Fed the World, Are Overtaken by New Powers
- Have overt central bank propping efforts created a bubble in asset prices?
- Will these overinflated markets EVER collapse?
- What to expect when today's smoke turns into tomorrow's conflagration
- Which assets are most sensitive to a price correction if the central banks' efforts fail?
Overt propping of the stock and bond markets also happens with some regularity. First, at the macro level, dumping hundreds of billions of freshly printed currency units into the financial markets each month without any question whatsoever, plays a huge role in keeping them elevated.
One the one hand you have the central banks talking at every turn about how they are confident in the economy, that they feel the data is good, if not solid, and yet you have them dumping money into the financial “”markets”” (double quote marks because one is no longer sufficient to convey how unreal they’ve become) at the fastest pace in all of recorded history through the first 4 months of 2017; $1 trillion dollars(!!).
If you were wondering why these markets are having such a difficult time going down, $250 billion a month goes a long way towards helping you appreciate why that’s the case.
It’s an astonishing number, and I want you to appreciate the fact that central banks would not be dumping record amounts of thin-air money into the ““markets””
The next point is that...
Many questions surround the elevated financial asset prices we are faced with today.
I'm talking not just about the sky-high prices of stocks and bonds, but also of the trillions of dollars’ worth of derivatives that are linked to them. All are intricately linked together. For instance, stocks are elevated, in part, because bond yields are so low.
These questions are important to consider because -- if central banks have been too involved and gotten themselves mixed up in trying to ‘wag the dog’ by using elevated financial asset prices as a means to drive economic expansion -- then the risk is a big implosion in financial asset prices if their efforts fail.
- Lawmakers Pass Major Statewide Reforms Of Public Defense System
- This group plans to bail moms out of jail for Mother's Day
- Like disappearing ink, but cooler: Laser-powered invisible images demonstrated
- This super fit 80-year-old personal trainer is teaching his aging clients how to stay in fighting shape
- Apple wants to stop mining and start making everything from recycled materials
- Get Outside: Visit a National Park for Free During National Park Week
LIFT Economy partner and worker-owner Kevin Bayuk interviews Jessica Prentice, inventor of the term "Locavore" and founder of Three Stone Hearth — a cutting edge community-financed, worker-owned cooperative enterprise in Berkeley, California. Prentice takes a pragmatic view, seeing local eating as an educational exercise in "consciousness raising" rather than a necessary or sufficient solution to problems of modern food production and consumption.
In this week's Off The Cuff podcast, Chris and John Rubino discuss:
- Sovereign Sabre-Rattling
- Suddenly, the world became a lot less safe
- Market Misdirection
- The central planners are doing their utmost to paint a positive picture
- The Era Of Easy Money is Over
- Debt-funded stimulus no longer results in an increase of GDP
- How This All Will End
- Exploring the likely pins that will pop this "mother of all bubbles"
Chris and John look at the disconnect between world events and stock prices and urge folks not to misled: risk is high, and getting higher. There is *no* rational reason for the current price levels in financial markets -- only gobs and gobs of liquidity being force-fed into the system by the world's central banks.
But the data is increasingly showing that the era of "easy money" we've lived under since the Great Recession has reached its inevitable terminus. Shoving more debt into the system is no longer boosting GDP. We are now simply blowing bigger asset bubbles that will monumentally destructive when they burst -- as they must.
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
- Democracy to Pathocracy: The Rise of the Political Psychopath
- Trump still hasn't given the U.S. economy a reason to pick up
- The Fall of Journalism Ethics and Standards in the Corporate Press
- When Will They Ever Learn?
- The Detroit Of Tomorrow?
- A Silver Price Seasonality Chart
- Oil Industry Worried About Trump’s “Buy American”
- Startup Profile: Enviro Power Is Bringing Microcogeneration to the U.S.
Next month, Twitter's shareholders will vote on a proposal to explore the possibility of the company turning into a partial or full user-owned platform cooperative. A platform cooperative is a website or mobile app, which provides a service or sells a product, that is collectively owned and governed by the users and members who depend on the platform — instead of shareholders.
- Tax Angeles (Los Angeles)
- Don't count on that government pension
- Op-Ed Why tax day is a nightmare for freelancers
- What Default Rates on Subprime Auto Loans Are Telling Us
- IMF raises China growth outlook but warns of risk of 'disruptive adjustments'
- Is the ‘real number’ for the national debt $70 trillion?
- Shinzo Abe eradicates last hawks from the Bank of Japan
- Spanish treasury places 1.55 bln euros on market at negative interest rates
- Struggling Aussies taking on negatively geared properties
- Housing Speculation An Addiction Canada's Economy Can't Kick
Podcast: How Residents of an English Town Took Governance and the Local Economy Into Their Own Hands
The stories in this series come from a small town in the United Kingdom called Frome, but the themes and topics explored are global in scale, ranging from the Americas to the Himalayas. Despite its unique setting, nestled in the sleepy countryside of southeast England, Frome is a microcosm of much of what is taking place in towns and cities around the world. The voices of Frome tell stories that will sound familiar all across the globe, and if you listen closely, you just might hear your own story in there as well.
Daily Digest 4/18 - America's Disappearing Pensions, Thermonuclear War May Break Out 'At Any Minute'
- North Korea: ‘Thermonuclear war may break out at any minute'
- How Western civilisation could collapse
- Hotel industry details plans to fight Airbnb
- Trump orders agencies to re-think H-1B visa program
- Angst In America - Disappearing Pensions
- Children as young as 13 attending 'smartphone rehab' as concerns grow over screen time
- The Inside Story Of The Kushner-Bannon Civil War
- Researchers find glyphosate in pregnant women, worry about impact on infants
Robert Reich: Do Not Pretend Trump’s Foreign Policy Is Inconsistent, Arbitrary, or Without Principle
On Dec. 2, 2016, a fire tore through an artists' warehouse in Oakland, California, claiming the lives of 36 people. Dubbed the "Ghost Ship," the communal space was not only a concert venue, but also a refuge for artists, in a city mired by a housing affordability crisis. A little more than a decade ago, a similar tragedy struck Buenos Aires, Argentina. On Dec. 30, 2004, a fire broke out at the República Cromañón club during a concert, killing 194 people. Following the devastating fire, upcoming artists' spaces and cultural centers were met with stiff bureaucratic resistance.
- Millions of Americans Still Haven’t Filed Their Taxes
- Examining North Korea's Missiles
- 100 Years Ago, the United States Entered World War I
- Prepare For The Next Crisis
- Americans are swamped in $1 trillion of credit card debt
- Oil Prices Rally Amid Rising Rig Count
- Ooho Makes 'Eating' Water Possible! Edible Water Bottle Ball Aims To Replace Plastic Bottles
- Above Canada and Greenland With NASA's Operation IceBridge
Just how bad is the ongoing fraud in the banking system? Get ready for a mind-bowing expose by a former insider at UBS.
Brad Birkenfield, author of Lucifer's Banker: The Untold Story of How I Destroyed Swiss Bank Secrecy, recounts the efforts he uncovered by his employer to help its clients cheat the US government out of tens of $billions in taxes.
- Tim Geithner Admits Banks Bailed Out With Rigged Libor, Costing Taxpayers Huge Amount
- 104 Years of the Income Tax: Then and Now
- Tax Hero
- The Booming Business Of Private Prisons
- When Does a Company Decide You Are Human?
- Titanic Parallel to the Federal Reserve
- China Ready To Cut Oil Supplies To North Korea
- Wind-powered device can produce 11 gallons per day of clean drinking water from the air