Tesla unveils a battery to power your home, completely off grid

CEO of Tesla Motors, Elon Musk, landed an official message unveiling the Powerwall, a battery designed to power your home.  The message came at a convention center powered completely by renewable battery power.

The battery unit itself contains the same batteries present in the Tesla electric cars.  The 7kWh unit will ship for $3,000, while the […]

Crying Wolf? Impending Global Financial Collapse Will Change the World Order

Worse than any disease or even leprosy, anyone spouting Austrian economics or even “common sense” (almost extinct today) has been shoved into the outcast corner by the mass delusional majority.  Over the last few years, “theory after theory” has become fact after FACT after FACT!  There can no longer be any question, conspiracy to delude and defraud […]

War and the Economic Crisis

War is inextricably linked to the impoverishment of people at home and around the world. Militarization and the economic crisis are intimately related. The provision of essential goods and services to meet basic human needs has been replaced by a profit-driven “killing machine” in support of Americas “Global War on Terror”. The poor are made […]

Poverty and Social Inequality

The global political economy is a system that enriches the very few at the expense of the vast majority. The global economic crisis has contributed to widening social inequalities both within and between countries. Under global capitalism, mounting poverty is not the result of a scarcity or a lack of human and material resources. Quite […]

The Failure of Mainstream Economics

The economics profession, particularly in the universities, rarely addresses the actual “real world” functioning of markets. Theoretical constructs centered on mathematical models serve to represent an abstract, fictional world in which individuals are equal. There is no theoretical distinction between workers, consumers or corporations, all of which are referred to as “individual traders”. No single […]

Financial Fraud

Media disinformation largely serves the interests of a handful of global banks and institutional speculators which use their command over financial and commodity markets to amass vast amounts of money wealth. The corridors of the state are controlled by the corporate establishment including the speculators. Meanwhile, the “bank bailouts”, presented to the public as a […]

The Myth of Economic Recovery

The existence of a “Great Depression” on the scale of the 1930s, while often acknowledged, is overshadowed by an unbending consensus: “The economy is on the road to recovery”.
While there is talk of an economic renewal, Wall Street commentators have persistently and intentionally overlooked the fact that the financial meltdown is not simply composed of […]

Terror Attacks on Oil Ships

Following the attack on the Limburg, Osama bin Laden released an audio tape warning of attacks on economic targets in the West: “By God, the youths of God are preparing for you things that would fill your hearts with terror and target your economic lifeline until you stop your oppression and aggression.” It is no […]

Gold, Silver and “Crashing Markets”

Breaking the quarter down and looking under the hood, were it not for the biggest inventory build of any quarter in history, the quarter would have shown a negative 2.6% growth rate . What exactly does this mean? It means the consumer or final user has shut off their purchases. It means “stuff” was produced […]