I see an economic diasater coming...

[triffid]

http://news.yahoo.com/lawyer--no-indictment-for-officer-in-nyc-chokehold-death-200545534.html

No surprise here.triffid

[triffid]

It seems that gold has been on the rise lately,silver not far behind as the dollar weakens.Lower gas prices are helping make a better Christmas for everyone in the USA.Maybe Europe too?
When inflation hits 25% in the USA I will head for the hills.triffid

[triffid]

Big banks on wallstreet win again as lawmakers pass the new spending bill.http://finance.yahoo.com/news/wall-street-wins-in--1-1-trillion-spending-bill--but-who-loses-162059497.html

[triffid]

Progressive Democrats, led by Massachusetts Senator Elizabeth Warren, railed against the Wall Street-friendly provision which made its way into the bill at the last minute: The weakening of the so-called "swaps push-out rule" from the 2010 Dodd Frank financial reform law. The push-out rule bans big banks from using taxpayer-insured depositor funds to back certain risky derivatives trading. It also requires financial institutions to move parts of their business involved in those trades to separate groups or affiliates.

On the floor of the Senate on Wednesday, Warren pleaded with her House counterparts to vote down the bill. "Who does Congress work for?" she asked. "Does it work for the millionaires, the billionaires, the giant companies with their armies of lobbyists and lawyers? Or does it work for all of us?"

Dramatic but perhaps valid questions. Financial services companies spent $1.2 billion on campaign contributions and lobbying between January 2013 and mid-November 2014.

[triffid]

Lawmakers rallied around the idea of financial reform in the immediate aftermath of the financial crisis. But pushback from the financial industry grew as Dodd Frank legislation took shape. "For years, they delayed implementation," says Task. "And now that it's the law of the land, Wall Street has continued to and will continue to fight back against it. And they won a big one here."triffid