Economy

Government revises down Q1 GDP from 0.1 percent growth to 1 percent reduction. Naturally they blame the weather and say Q2 will be great.

"GDP was initially estimated to have grown at a 0.1 percent rate. It is not unusual for the government to make sharp revisions to GDP numbers as it does not have complete data when it makes its initial estimates."

Revisions down. They rarely make revisions up because the process is designed to report inflated numbers.

On market corruption and buying gold and silver to protect yourself from it.

"I really could have used the assistance of Peter Schiff, at EuroPacMetals.com, who writes “We can’t ignore it anymore – the markets are rigged,” and that “Even if banks and governments are manipulating the day-to-day price of gold, the metal’s long-term fundamentals are stronger than ever. In fact, the reasons for them to suppress the gold price are the same reasons for us to buy gold in the first place.”
To me, he saying that the government is suppressing the price of gold at the same time that you want to buy it!  Wow! So, thank you, government morons" ...
"And speaking of government morons, from Reuters we get the revelation that “U.S. Securities and Exchange Commission Chair Mary Jo White flatly rejected claims that retail investors are being fleeced by high-frequency traders who can use their speed to jump ahead with buy and sell orders that fetch better prices.”"...
"Ms. White literally, if Reuters is to be believed, told a U.S. House of Representatives panel that “The markets are not rigged,” which shows a remarkable, unbelievable, incomprehensible ignorance of the massive corruption between the federal government and the markets that literally sustains the bloated bond market, the bloated stock market, the bloated housing market, the bloated student loan market, the bloated consumer debt market, the bloated corporate debt market, the bloated derivatives market, and literally everything else, as part of the unbelievable powers the corrupt government granted itself with the infamous Exchange Stabilization Act, which literally requires bringing together the head regulators and honchos of all these markets, and have them come up with coordinated interventions in the markets to keep them from falling! That’s what they do! By law!"

Legalized and illegal corruption. There seems to be no boundary.