The Defense Department on Tuesday denied it tried to quash a 2015 study that found it could save $125 billion in noncombat administrative programs but admitted it has so far only found a small fraction of those savings. As Stars and Stripes’ Travis Tritten reports (via Military.com), the department hopes to save $7.9 billion during Read More…
Finance
Buy The Terrorist Attack Dip?
Seriously? Bloomberg’s Paul Dobson reminds readers that if you’re wondering about the sanguine response to the breaking news from London, it’s worth reminding yourself that terrorist incidents including the one in Paris in 2015 and London bombings in 2005 spurred equity selloffs that were erased in the following days and weeks. Remember Paris Source: www.zerohedge.com
It’s Time To Get Painfully Honest: Banks Are Evil
I don’t talk to my classmates from business school anymore, many of whom went to work in the financial industry. Why? Because, through the lens we use here at PeakProsperity.com to look at the world, I’ve increasingly come to see the financial industry — with the big banks at its core — as the root Read More…
The Federal Reserve Just Declared the American Dream Is Officially Dead For Most Of America
We all know what comedian George Carlin said about the American Dream: that you have to be asleep to believe it. Well, now the Federal Reserve is agreeing with him. In a new study published by the Federal Reserve Bank of St. Louis, they admit the so-called American Dream is now largely an impossible goal Read More…
Meet Goldman Sachs, the Vampire Squid
We all know Goldman Sachs is the very embodiment of evil…or do we? What is Goldman Sachs? What does it do? Where did it come from and where is it going, and is there anything that can be done to stop it? Buckle in for this edition of The Corbett Report where James dares to Read More…
June 1st: Will The Economy Be Allowed To Collapse To Get Rid Of Donald Trump?
On Wednesday, March 15, 2017 the U.S. government once again hit its debt ceiling. In short, this means that until Congress raises the ceiling, the government will be unable to borrow more money. If you remember the last time this happened, there were weeks of posturing by Republicans and Democrats while some government services started Read More…






