financial collapse

Minimum Wage Massacre: Wendy’s Unleashes 1,000 Robots To Counter Higher Labor Costs

In yet another awkwardly rational response to government intervention in deciding what’s “fair”, the blowback from minimum wage demanding fast food workers has struck again. Wendy’s plans to install self-ordering kiosks in 1,000 of its stores – 16% of its locations nationwide. “Last year was tough — 5 percent wage inflation,” said Bob Wright, Wendy’s…

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The False Economic Recovery Narrative Will Die In 2017

by Brandon Smith Yes, the narrative of the “new normal” has been around for so long now that many people have simply grown used to it. The assumption is that the fiscal “new normal” has become the fiscal “normal,” and though the fundamentals continue to strain under the weight of poor global demand and historic…

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The Global Political/Economic State Feels Precarious for a Good Reason: It Is Precarious

The global political/economic state feels precarious for a good reason: it is precarious. That the global economy is in a precarious state seems self-evident.Take your pick of the systemic risks: debt bubble and slowdown in China, banking/political crisis in Europe, negative interest rates and stagnation in Japan, ongoing meltdown in emerging markets and currencies, oil…

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How Will You Cope With a Lower Standard of Living?

By Tom Chatham via Project Chesapeake When the real unemployment rate becomes common knowledge as it increases substantially, people will be left to survive on what resources they have saved up outside the banking system that cannot be stolen by the politicians and bankers. That is a key point here. The assets you have outside…

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