DPC Elephants in Luna Park promenade, Coney Island 1905 • President Trump: Replace The Dollar With Gold (F.) • Marine Le Pen’s Aides Meet With Bankers To Discuss Euro Exit (BBG) • Dutch Parliament Commissions Report On Future Of Euro (R.) • Dutch Voters Are About To Set The Stage For Europe’s Elections (G.) • Fannie, Freddie Investors Lose In Court (Econ.) • Underground Network Readies Homes To Hide Undocumented Immigrants (CNN) • Washington Governor Bans Employees From Aiding
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Dorothea Lange Saturday afternoon, Pittsboro, North Carolina 1939 • Trump An ‘Idiot’ On China, ‘No Clue What Currency Manipulation Means’ (CNBC) • The Fiscal Horror Show Playing Soon in Washington (Stockman) • Homeland Security Report Disputes Threat From 7 Banned Nations (AP) • Multiple News Outlets Denied Access To White House Press Briefing (G.) • Tsipras Says The Era Of Austerity In Greece Is Over (AP) • Transcript Of IMF Press Briefing Thursday, February 23, 2017 (IMF) • Toronto
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Marion Post Wolcott Works Progress Administration worker’s children, South Charleston, West Virginia 1938 • France Scrapping The Euro Could Go Beyond A ‘Lehman Moment’ (CNBC) • Le Pen Says French Foreign Policy Must Be Decided in Paris (BBG) • Obamacare Just Hit Its Highest Popularity Ever (BI) • Former IMF Chief, Dozens of Former Bank Execs Sentenced to Jail in Spain (DQ) • Analyzing the Emerging World Order: The Future of Globalism (GR) • Increasingly Unhinged Russia Rhetoric From
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Times Square New York City, 1958 A few days ago, I wrote an essay entitled “Not Nearly Enough Growth To Keep Growing”, in which I posited, among many other things, that “..the Automatic Earth has said for many years that the peak of our wealth was sometime in the 1970’s or even late 1960’s” along with the question “..was America at its richest right before or right after Nixon took the country off the gold standard in 1971?” That
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Jack Delano Colored drivers entrance, U.S. 1, NY Avenue, Washington, DC 1940 • The Absolute Dominance Of The US Economy, In One Chart (MW) • Trump Scorns the IMF’s Globalism, and Now He Gets to Vote on It • The Problem with Gold-Backed Currencies (CHS) • What’s So Great About Europe? (BBG) • Italy Warned by EU Over High Public Debt With Spillover Risk (BBG) • ‘Spain Is Ruined For 50 Years’ (Exp.) • Why Greece’s Crisis Has Broken
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DPC Launch of battleship Georgia, Bath, Maine, Oct 1904 • Finance as Warfare: IMF Lent to Greece Knowing It Could Never Pay Back (CP) • Will EU and IMF Finally Offer Light At The End Of The Greek Debt Tunnel? (G.) • France Exiting The Euro Would Be Largest Sovereign Default In History (CNBC) • EU Tax Chief Admits Le Pen Win Would Be The End Of The European Project (CNBC) • Marine Le Pen’s Party’s Headquarters Raided Over
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DPC Masonic Temple, New Orleans 1910 • Greece: The Economic Consequences of Depression Economics (Prime) • After Seven Years Of Bailouts, Greeks Sink Yet Deeper In Poverty (R.) • Greece’s Creditors Dash Hopes For Quick Deal (Tel.) • Greek Government In Damage Control Mode After Giving In To Troika, Again (K.) • Mr Draghi, What Are You Afraid Of? Release #TheGreekFiles! (DiEM25) • Fumbling Towards Collapse (Jim Kunstler) • Why Trumponomics Will Fail Spectacularly (Robert Reich) • Saudi Arabia
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Henri Cartier Bresson Moscow Metro 1954 • Seven Years of Demanding The Impossible in Greece (MP) • Cost Of Greece, Troika Impasse Over Numbers Is Adding Up (K.) • Pre-Departure Migrant Camps Planned For Greek Islands (K.) • Democrats Suggest Invoking The 25th Amendment Unless Trump “Gets A Grip” (ZH) • Greenspan Blames Productivity Decline For Political, Economic Crises (BI) • S&P 500 Earnings Stuck at 2011 Levels, Stocks up 87% Since (WS) • The Nasty Little Secret About
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John Vachon Beer signs on truck, Little Falls, Minnesota 1940 • Fed: From Lender Of Last Resort To Destroyer Of American Wealth (DDMB) • “There’s Something Weird Going On”: The Global Dollar Shortage (ZH) • Merkel Suggests Euro Is Too Low For Germany (R.) • Empowering “Deep State” is Prescription for Destroying Democracy (Greenwald) • Sekulow: Obama Should Be “Held Accountable” For “Soft Coup” Against Trump (ZH) • Russia Calls For ‘Post-West’ World Order – Lavrov (R.) • Lavrov
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Jackson Pollock Shooting Star 1947 It’s amusing to see how views start to converge, at the same time that it’s tiresome to see how long that takes. It’s a good thing that more and more people ‘discover’ how and why austerity, especially in Europe, is such a losing and damaging strategy. It’s just a shame that this happens only after the horses have left the barn and the cows have come home, been fed, bathed, put on lipstick and
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