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Zero Hedge August 17, 2015 “Time is now rapidly running out,” warns The Telegraph’s John Ficenec as the British paper takes a deep […]

Washington Post | Crowded. That’s how Ed Rensi remembers what life was like working at McDonald’s back in 1966.

RT | US President Barack Obama has given an extraordinary ultimatum to the Republican-controlled Congress.

New American | Greece’s third bailout in five years appears to be a done deal.

London Telegraph | China currency devaluation signals endgame leaving equity markets free to collapse under the weight of impossible expectations.

Zero Hedge | “The Greek debt crisis isn’t THE crisis. Rather it is simply a symptom of a much larger global debt crisis.”

Peter Schiff | China’s recent move to devalue the yuan has sent shock waves through the global financial markets.

Zero Hedge | Even the most brainwashed Keynesians should be able to figure out what is going on by now.

Michael Krieger | This is truly sad.

New American | In simple terms, thanks to the progressives running the city council, Seattle restaurant workers are suffering their own recession.

Joshua Krause | Does this sound like an economic recovery to you?

F. William Engdahl | The worth of gold in the world is growing by the day.

London Telegraph | China has nothing to gain from triggering a deflation shock. Its economy is recovering as stimulus builds, creating 1.2m jobs a month.

CNS News | $18,112,975,000,000 is about $25 million below the current legal debt limit of $18,113,000,080,959.35.

Joshua Krause | Earlier his week, China made the decision to devalue their currency in the hopes of increasing exports, and improving their ailing economy.

Michael Snyder | Things continue to line up in textbook fashion for a major financial crisis by the end of 2015.

Ron Paul | China’s surprise currency devaluation yesterday has fueled the ongoing currency wars. Escalation is on the way. Who wins? Who loses?

Mac Slavo | For the last several months there have been warnings of a coming economic storm, with many forecasting serious financial calamity by the Fall of this year.

Michael Snyder | Did you see what just happened?

Paul Craig Roberts | Few, if any, corporations absorb the full cost of their operations.

Zero Hedge | Scaremongery… or maybe the whole point, as Obama’s former chief economist noted, is to lose reserve status.

CNS News | The U.S. Department of Agriculture boasts that food stamp spending at U.S. farmers markets has increased “nearly six-fold” since 2008.

Zero Hedge | A “hard-landing.”

Zero Hedge | The real global currency war is only just starting.

Mac Slavo | According to a report from Money Metals Exchange, buyers were snapping up everything they could get their hands on over the last 45 days.

Michael Snyder | Gerald Celente of the Trends Research Institute has just gone on the record with a prediction that there will be a stock market crash by the end of this calendar year.

Zero Hedge | A simple cascading error which ends up taking down the entire system.

Zero Hedge | The truth hurts… especially permabullish CNBC anchors.

Zero Hedge | Perhaps the most interesting thing about this scheme is that it allows for “payments” of zero.

Michael Snyder | In an eerie repeat of what we witnessed in 2008, U.S. stocks are steadily sliding throughout the summer as we head toward the month of September.

Brandon Smith | In the mind of a schizophrenic person, internal elements of fantasy (negative and positive) are made manifest in the psyche and projected out onto the real world.

Charles Hugh Smith | I sure am glad there’s no inflation, because these “stable prices” the Federal Reserve keeps jaw-jacking about are putting us in a world of hurt.

Michael Snyder | The list of nations around the globe that have collapsing economies just continues to grow.

Zero Hedge | “I really do believe we’re creating a bubble.”

Sky News | The world’s most valuable public company sees its share price drop for a fifth consecutive day, amid worries over future growth.

Business Insider | The UBS banker known as “Pete the Greek” won’t be prosecuted for his connections to those who had roles fixing the Libor interest rate.

Michael Snyder | Will there be a financial collapse in the United States before the end of 2015?

CNS News | GOP presidential candidate Donald Trump told CBS’s “Face the Nation” that he tries to pay as little taxes as possible.

Contra Corner | A cogent metaphor for the central bank enabled crack-up boom.

Michael Krieger | There’s nothing quite like a grotesquely lopsided “economic recovery”.

Michael Snyder | The month of August sure has started off with a bang.

Zero Hedge | Meet 31-year-old Dan Price.

Business Insider | HSBC is putting aside $1.3 billion (£830 million) to cover settlements and court actions covering allegations the bank manipulated benchmarks used to price foreign exchange trades.

Joshua Krause | Ever since China joined the World Trade Organization in 2001, the US has had millions of manufacturing jobs outsourced to the growing nation.

Joshua Krause | America’s debt problem has been widely documented over past few years, and not just the public kind.

Michael Snyder | Are you ready for what is coming in August?

Zero Hedge | The next round of layoffs are just around the corner.

Kurt Nimmo | Fed continues to hold out false hope economy will turn around.

Joshua Krause | As someone who lives in the Bay Area, I can say from experience that I am absolutely sick of the housing bubble.

Michael Krieger | A few weeks after Hillary Clinton was sworn in as secretary of state in early 2009, she was summoned to Geneva by her Swiss counterpart to discuss an urgent matter.

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