Mar 26 07:25

Micro-Caps Can’t Get Off The Mat

Mar 26 07:22

Rule #1: Make sure you’re in a position of strength

The United States is not the first country to be founded on these ideas, and it won’t be the last.

Yet history shows that nearly every tribe, kingdom, empire, and nation throughout history that embraced individual liberty eventually screwed it up.

To quote John Adams, “those passions are the same in all men and under all forms of [government], and when unchecked, produce the same effects of fraud, violence, and cruelty.”

Mar 26 02:41

Fed Bankers Bark But Won't Bite

Mar 25 16:29

3-minute video: Public banks and monetary reform generate ~$1 million near-instant benefits for every US household: 2nd American Revolution more important than 1776

*hyperlinks/video live at source*

3-minute video from the Pennsylvania Public Bank Project; an expression from the Public Banking Institute:

This article provides detailed history and data to explain what all macroeconomics courses teach: what we use for money is created as debt.

What these courses don’t usually teach are the consequences of creating what we use for money as negative numbers increasing forever: unpayable and ever-increasing total debt.

The top three benefits each of monetary reform and public banking total ~$1,000,000 for the average American household, and would be received nearly-instantly.

Mar 25 14:12

29 Essential Tips for the New Prepper: “Start Small. Develop Your Skills. Create a Plan”

How would you survive if the food supplies stall out, the economy and digital grid crashes, or para-government forces unleash a round-up plan?

For beginners, the best tip may be to start small and build up from there as you learn what you’re doing:

But here are some other things you must consider before the collapse...


Mar 25 12:46

Can you use the Raspberry Pi 3 as your work PC?

I'm posting this using my pi3. A little slow, but hey it only has 1 gb RAM! Easy to set up. Bought an old 12.99 usb keyboard,3'hdmi cable and a 32gb microsd for the hd.Using my old TV for a monitor.NEAT!

We spent a week working on the Raspberry Pi 3, to see how the $35 machine matched up to laptops costing more than 10 times its price.

The Raspberry Pi 3 is a $35 computer that is on the cusp of challenging the modern PC.

The bump to the processing power of the latest machine has, according to its co-creator, elevated its performance to a point where it can comfortably be used as a desktop computer.

To determine whether the latest Pi really can go toe-to-toe with a current laptop, I spent a week using the Pi 3 as my main work machine.

Mar 25 11:22

Over 100,000 Jobs Lost In Argentina This Year

Mar 25 11:13

If Your Country's Broke, Don't Hold All Of Your Savings There

On Friday March 15, 2013–just over three years ago–people across the entire nation of Cyprus went to bed believing that everything was OK.

The next morning they woke up to a different reality.

It turned out that their banking system was totally broke. After suffering enormous losses, banks no longer had sufficient liquidity or capital to maintain customer account balances.

And we should expect more of it. Because three years later, much of the West looks like Cyprus did back then.

Western banking systems are extremely illiquid, and many banks are very thinly capitalized with minimal reserves.

Deposit insurance funds are woefully undercapitalized and lack the financial capacity to guarantee the system.

It’s not some wild conspiracy theory to suggest that the governments of the United States, Japan, and most of Western Europe are totally bankrupt.

These are facts. And each government publishes its own financial statements attesting to its insolvency.

Webmaster's Commentary: 

Folks, financially, the excrement is about to hit the ventilation shaft, big-time; please plan accordingly.

Mar 25 09:30


We have been covering the consumption tax, pardon, endless spending black hole that is Obamacare for over a year, so we doubt it will come as a surprise to anyone that in 2015 healthcare was the second biggest use of US consumer funds, soaking up a record $1.9 trillion in real dollars, and more importantly for US economic "growth", the single biggest source of incremental spending by nearly a factor of two.

Incidentally, with spending on healthcare (courtesy of the Supreme Court's Obamacare tax) soaring, while outlays on the traditionally most consumption-intensive category, housing and utilities, going nowhere for the past several years, it is only a matter of 2-3 quarters before Healthcare surpasses Housing as the biggest use of American cash.

Webmaster's Commentary: 

Many Americans are simply not going to the doctor much any more, because they cannot afford either the office visits or their medications.

Mar 25 09:14

Gold: The Rally Is Going to Continue

Mar 25 08:13

Economic Death Spiral

Mar 25 07:56

The Health Insurance Scam – “Coverage” Doesn’t Mean Affordability or Access

An architect of the federal healthcare law said last year that a “lack of transparency” and the “stupidity of the American voter” helped Congress approve ObamaCare.

He suggested that many lawmakers and voters didn’t know what was in the law or how its financing worked, and that this helped it win approval.

Mar 25 07:48

Highest govt debt as share of GDP.

Mar 25 06:32

Trump Is Right—–Dump NATO Now

If you want to know why we have a $19 trillion national debt and a fiscal structure that will take that already staggering figure to $35 trillion and 140% of GDP within a decade, just consider the latest campaign fracas. That is, the shrieks of disbelief in response to Donald Trump’s sensible suggestion that the Europeans pay for their own defense.

The fact is, NATO has been an obsolete waste for 25 years. Yet the denizens of the Imperial City cannot even seem to grasp that the 4 million Red Army is no more; and that the Soviet Empire, which enslaved 410 million souls to its economic and military service, vanished from the pages of history in December 1991.

Mar 25 06:31

Brussels attacks: How Saudi Arabia's influence and a deal to get oil contracts sowed seeds of radicalism in Belgium

There are many reasons why Belgium has become a hotbed of radical Islamism. Some of the answers may lie in the implanting of Saudi Salafist preachers in the country from the 1960s. Keen to secure oil contracts, Belgium’s King Baudouin made an offer to Saudi King Faisal, who had visited Brussels in 1967: Belgium would set up a mosque in the capital, and hire Gulf-trained clerics. At the time, Belgium was encouraging Moroccan and Turkish workers to come into the country as cheap labour. The deal between the two Kings would make the mosque their main place of worship.

Mar 25 06:29

Project Fear: Brexit Meltdown at the Bank of England

The massive PR campaign aimed at sowing and watering the seeds of dread about the potential consequences of a YES vote in the upcoming referendum on a British exit from the EU — is in full bloom. In the event of a wrong answer, all manner of biblical disasters can be expected to befall the nation, the British public is constantly being warned. The country’s national income will shrink, hundreds of thousands if not millions of jobs will vanish, the City of London’s core industry — financial engineering — will migrate across the channel, the currency will collapse, house prices will plummet, European firms will stop selling products to Brits, the U.S. government will impose massive tariffs on British imports, and even Britain’s already dismal climate will get worse.

Mar 25 06:29

It Cometh from the Pit:And Hath a Knout

Once upon a time there was a fairy kingdom that lived inside a place called The Beltway, and was surrounded on all four sides by a land called America. The Beltway was aligned with another kingdom called Manhattan, inhabited by disembodied heads that spoke from the walls of bars, and with with yet another closed kingdom called Hollywood, the abode of half-educated narcissists.

Mar 24 17:11

4 banker truths you must know

Only one Wall Street player was jailed for the fraud that was revealed in 2008. -- The “too big to fail” banks have gotten even bigger. -- ALL the players who erased trillions in stock market value and people’s personal wealth are still in power. -- The banks, after all the QE and manipulation, are still not healthy.

Mar 24 16:14

Why you should think about shorting gold...

In the coming months and years, I expect gold prices to rise.

Mar 24 15:53

Too Fast of a Sentiment Swing

Mar 24 15:50

Obamacare premiums rising faster than wages…

Health insurance premiums have increased faster than wages and inflation in recent years, rising an average of 28 percent from 2009 to 2014 despite the enactment of Obamacare, according to a report from Freedom Partners.

Mar 24 15:34

That $100 Million NY Fed Heist

Bangladesh is not pleased with the NY Fed. One Friday in early February, hackers who had apparently been stalking the Bangladesh central bank for at least two weeks bombarded the Fed with requests for transfers of nearly $1 billion from the country’s FX reserves. The good news: the vast majority of that total was not transferred. The bad news: $100 million of it was and of that $100 million, more than $80 million is still missing

Mar 24 15:30

Stuck in the Monetary Mud (All the Fed can do is hope)

The Federal Reserve’s years-long campaign to sheepishly back away from its own policy forecasts continued in earnest last week when it officially reduced the four expected 2016 quarter point hikes, suggested back in December, to just two. Given the deteriorating economic outlook, I believe there can be little doubt that the Fed will soon complete the capitulation process and remove all expectations for additional hikes this year. Even before that happens, savvy observers should have already concluded that the Federal Reserve is stuck in the monetary mud just as firmly now as it has been since the dawn of the financial crisis back in 2008.

Mar 24 14:23

Crumbling Memorial Bridge could become a ‘footbridge’ in five years without $250 million in repairs

The National Park Service said Wednesday that the historic but crumbling Memorial Bridge over the Potomac River may be closed to traffic in five years if it does not get a complete overhaul by then.

Without repairs, “it’s a footbridge” by 2021, said the Park Service’s director, Jonathan B. Jarvis.

Webmaster's Commentary: 

"You people just don't get it. We HAVE to send your tax money to Israel or Israel won;t let us go on being the US Government! So, shut up, pay your taxes, and breed us some more workers and soldiers. That's what you are for!" -- Official White Horse Souse

Mar 24 13:47


Mar 24 13:13

The Incredible Vanishing Starter Homes

Mar 24 13:00

The Bubble Will Burst, But Fed Is Waiting For Politics “With Trump Lurking Around”

It’s no conspiracy. The music will soon stop and the economy will take a big hit when the bubble bursts – even the timing has been chosen.

The upcoming election and, especially, the surprising strength of Donald Trump also make it almost impossible for the Fed to boost rates. If Trump gets elected, the Fed will almost immediately be hit by audits that will reveal lots of secret, sinister things.

So Fed Chair Janet Yellen and her fellow central bankers can’t do anything — like raise the cost of money — that might slow the economy down and give Trump a better shot at winning the presidency.


Mar 24 11:26

Food Prices and Market Speculation: The Return of the Global Hunger Games

The leading expert on food at the United Nations says sharp price fluctuations in the price of food has little to do with actual supply. Nowadays, rapacious out-of-control investment banks such as Goldman Sachs, Morgan Stanley and Barclays Capital now dominate food speculation through the commodities markets. They dwarf the amount traded by actual food producers and buyers needlessly tipping millions into hunger and poverty.

The United Nations Food and Agriculture Organisation currently estimates that about 795 million people of the 7.3 billion people in the world, or one in nine, are suffering from chronic undernourishment in the period 2014-2016. We are not talking of poverty here but life threatening food shortages driven by the pursuers of profit.

Mar 24 11:14

Corporate buybacks are about to make history.

Mar 24 11:10

Juan González: The People Of Puerto Rico Vs. The Hedge Funds Goes To The Supreme Court

On Tuesday, the Supreme Court heard oral arguments to decide whether Puerto Rico can avoid financial collapse.

Mar 24 10:55

Canada turns to a fiscal stimulus

Mar 24 10:29

Visa Continues Push For A Cashless Society

Mar 24 10:06

Starboard Takes On Yahoo Board, Nominates Directors: Reports

Private equity fund Starboard Value LP has now officially launched a proxy fight to remove the entire board of media company Yahoo, including the company’s CEO Marissa Mayer, who has struggled to turn the company around during nearly four years as Yahoo’s chief executive. In a statement released Thursday morning, the activist hedge fund said it will nominate nine “highly qualified director candidates” for election to Yahoo’s board.

Mar 24 08:41

Japan Goes Full Krugman: Plans Un-Depositable, Non-Cash "Gift-Certificate" Money Drop To Young People

The Swiss, the Finns, and the Ontarians may get their 'Universal Basic Income' but the Japanese are about to turn the Spinal Tap amplifier of extreme monetary experimentation to 11. Sankei reports, with no sourcing, that the Japanese government plans to unleash "vouchers" or "gift certificates" to low-income young people to stimulate the "conspicuous decline" in consumption among young people. The handouts may not be deposited, thus combining helicopter money (inflationary) and fully electronic currency (implicit capital controls and tracking of spending).

Mar 24 08:40


Mar 24 08:37

Swiss National Bank Admits It Spent $470 Billion On Currency Manipulation Since 2010

Swiss policy makers rarely state outright that they’ve intervened, and analysts use data on sight deposits and foreign currency reserves to gauge the scope of the central bank’s actions. Breaking with the usual protocol, Jordan said in June the SNB had acted to stabilize the franc amid the Greek debt crisis. The bottom line: CHF86.1 billion spent on FX intervention in 2015 and a whopping $470 billion since 2010.

Mar 24 08:33

American “Dogs of War” Have Gone Wild

The only problem is that while those making weapons get even richer military, Western citizens are getting poorer by the day. They are deprived of any social benefits and comprehensive health care services, as the money that should have been spent on such things are being spent on fancy military projects. But it doesn’t end with the staggering expenditures on weapons, since US soldiers are being regularly sent to most distant parts of the world to protect American business interests, which results in an ever increasing number of those returning home in coffins.

Mar 24 08:32


The Rothschild empire has been instrumental in helping move the global elite’s wealth from traditional tax havens like the Bahamas, Switzerland and the British Virgin Islands to the U.S.

Last month, the Free Thought Project reported on the above the law tax haven established inside the United States by the Rothschilds.

After opening a trust company in Reno, Nev., Rothschild & Co. began ushering the massive fortunes of the world’s most wealthy individuals out of typical tax havens, and into the Rothschild run U.S. trusts, which are exempt from the international reporting requirements.

Mar 24 08:14

The Establishment Is Changing Retirement Rules In The Middle Of The Game

The Teamster's retirement fund is set to be raided by the banks and big government. Retirees are starting to get organized to stop that from happening.

Mar 24 07:56

FLASHBACK - The Kingdom Of Shylock

Plutocracy is more despotic then monarchy; more insolent than aristocracy; more selfish than bureaucracy. It accumulates by conscious fraud more money than it can use, and denounces as public enemies all who question its methods or throw a light upon its crimes.

(W. J. Bryan, New York Reception, 1906).

Mar 24 07:33

Governments of the World are Coming for Your Cash

Banks can’t exist without deposits. Keeping money in a mattress is preferable to being financially bled to death with negative rates. Central bankers are well aware of this and are already prepositioning policies and taking steps to prevent the coming exodus. Outlawing large denominational physical cash and large cash transactions will be used to financially imprison the public while the negative interest rates simultaneously pick their pocket.

How low would negative rates have to go before you withdrew all of your money from the bank?

Mar 23 17:30

Why socialism always fails

Mar 23 14:43

Similarity in stock market charts for 1929, 2008, 2016 may show this is the epocalypse

Compare the Great Depression to the Great Recession, and you’ll see a similar pattern in how the Dow Jones Industrial Average graphs out. That pattern appears to be repeating now. The nation’s most notorious stock

Mar 23 14:40

Facing The Music: Chancellor Forced To Defend Budget And Backtrack On Disability Cuts

Chancellor George Osborne faced the toughest challenge of his six years in government on Tuesday afternoon, when he defends his much-maligned budget before MPs in a bid to quell a Tory civil war.

Osborne defended drastic cuts to welfare payments introduced alongside tax breaks for the rich, in an attempt to convince the country he is dedicated to “compassionate Conservatism.”

Mar 23 14:27

$250K Salary Could Qualify Middle Class Palo Alto Family For Subsidized Housing

Skyrocketing housing prices in Palo Alto have prompted its city council to unanimously approve a plan that would develop homes for those falling through the cracks – specifically those making a paltry $150,000 to $250,000 a year.

Mar 23 13:51

German takeover of London Stock Exchange is God's will, claims boss

Critics suggest he must have been referring to the God of Greed during comments to staff.

Mar 23 13:29

Chris Matthews Told to “Stop Talking” by MSNBC During Anti-Wall Street Rant

MSNBC host Chris Matthews was told to “stop talking” by someone in his earpiece in the middle of an anti-Wall Street rant during his show last night.

Mar 23 11:14

Food Prices and Market Speculation: The Return of the Global Hunger Games

The leading expert on food at the United Nations says sharp price fluctuations in the price of food has little to do with actual supply. Nowadays, rapacious out-of-control investment banks such as Goldman Sachs, Morgan Stanley and Barclays Capital now dominate food speculation through the commodities markets. They dwarf the amount traded by actual food producers and buyers needlessly tipping millions into hunger and poverty.

Mar 23 09:44

Former Goldman Employee Avoids Prison, Gets $5,000 Fine For Stealing Secret NY Fed Documents

One week ago we were stunned to learn, and report, that as part of the "sentencing" of former NY Fed employee Jason Gross who had admitted to stealing confidential Federal Reserve information and passing it on to his former boss Rohit Bansal, then employed at Goldman Sachs, in hopes of generating goodwill and a comfortable post-Fed job at 200 West, he somehow managed to avoid any jail time and instead was slapped with a draconian penalty: a $2,000 fine.... oh and some community service.

Mar 23 09:44

It's Official: Canadian Bank Depositors Are Now At Risk Of Bail-Ins

Earlier today, Canada's new Liberal government unveiled a stimulus budget meant to revive slumping growth with a surge in infrastructure spending and said it would run a deficit nearly three times larger than promised during last year's election.

Mar 23 09:41

Detroit Makes Community College Free

Mar 23 09:24

SunEdison Plummets On Imminent Bankruptcy

Mar 23 09:17

Billions of pounds of welfare cuts on way despite PIP U-turn

The government has dropped its controversial personal independent payment (PIP) cuts, and the Treasury has confirmed that there are no plans to fill the PIP-shaped £4.6bn hole in the budget through further welfare changes. But despite ministers’ conciliatory noises, plenty of other social security cuts remain in place for this parliament, amounting, in theory, to billions of pounds of savings.

Mar 23 09:14

Stolen Democracy

Stolen Democracy from Zane Henry Productions on Vimeo.

Webmaster's Commentary: 

Reposted at reader request.

Mar 23 09:12

Is The Stock Rally Getting Too Complacent?

Mar 23 08:46

Recipe for Collapse: Rising Military and Social Welfare Spending

Whatever you think of former Fed chair Alan Greenspan, he is one of the few public voices identifying runaway entitlement costs as a structural threat to the economy and nation. We can summarize Greenspan's comments very succinctly: there is no free lunch. The more money that is siphoned off for entitlements, the less there is for investment needed to maintain productivity gains that are the foundation of future income generation: Greenspan: Worried About Inflation, Says “Entitlements Crowding Out Investment, Productivity is Dead” (via Mish)

Mar 23 08:42

Report: U.S., Michigan face dire consequences if Soo Locks fail

A U.S. Department of Homeland Security report indicates a 6-month shutdown of the Poe Lock in Sault Ste. Marie, if one occurred, would plunge the nation into recession, closing factories and mines, halting auto and appliance production in the U.S. for most of a year and result in the loss of some 11 million jobs across the nation.

Webmaster's Commentary: 

"What is it with you people wanting us to spend your money on this nation?!? We have to send your money to Israel. To ISRAEL!!! Get it? Are you all a bunch of anti-Semites or what? We have to make reparations to Israel for the holocaust! Yes, I know we had nothing to do with the Holocaust. And yes, we were on the side that stopped the Nazis, but we didn't stop the Nazis soon enough! So THAT'S why we have to send all your money to Israel, so of course there is nothing left over to keep the locks and roads and bridges and dams and levees repaired. Just DEAL with it and stop bugging me!" -- Official White Horse Souse

Mar 23 08:21

Tracking the Ups and Downs of Crude Oil

Mar 23 08:18

Big Banks Exposed, Market Manipulation

Mar 23 08:04

New Study Says Entire Regions Of US Will Remain In Slump Until The 2020s

A new study by a University of California-Berkeley economist says that at current sluggish levels of job growth, entire regions of the United States, which were hit hardest by the Great Recession will not return to “normal” employment levels until the 2020s. This amounts, to “more than a ‘lost decade’ of depressed employment” for “half of the country,” wrote economist Danny Yagan.

Mar 23 07:30

Record Loss For Petrobras As Political And Economic Crisis Worsen

Petrobras reported a record loss for the fourth quarter, a horrendous performance that raises questions about the company’s ability to handle its mountain of debt.

The state-owned Brazilian oil company announced that it lost more than 36 billion reais in the fourth quarter, or more than USD$10 billion, a 40 percent increase compared to the fourth quarter of 2014. The losses were all the more staggering because the previous year’s figures were inflated due to the massive corruption scandal, which continues to bedevil the company.

Mar 23 07:28

Robbing the Federal Reserve… and Getting Away With It

Last month, an international group of hackers robbed Bangladesh’s account at the Federal Reserve, the central bank of the U.S.

First, the hackers used a computer virus to break into the security system of Bangladesh’s central bank. Then they stole the usernames and passwords the bank uses for payment transfers. The hackers used this information to wire over $100 million from Bangladesh’s Federal Reserve account to the Philippines and Sri Lanka. From there, they funneled it to casinos and withdrew it as cash.

Webmaster's Commentary: 

Funny how the NSA, which claims to monitor all global computer communication, missed this one!

Mar 23 07:26

Fascism, American Style

“If we define an American fascist as one who in case of conflict puts money and power ahead of human beings, then there are undoubtedly several million fascists in the United States.” ? Henry A. Wallace, 33rd Vice President of the United States This is an indictment of every politician who has ever sold us out for the sake of money and power, it is a condemnation of every politician who has ever lied to us in order to advance their careers, and it is a denunciation of every political shill who has sacrificed our freedoms on the altar of Corporate America. They’re all fascists.

Mar 23 07:16

Milton Friedman's 'Helicopter Money' Is Looking Less Crazy

Increasingly, central bankers, economists and market watchers are discussing the pros and cons of what's called helicopter money, a 47-year old idea that posits a way to kickstart an economy through dropping money on its citizens. Peter Praet of the European Central Bank, for example, said in an interview published last week that "all central banks can do it" if needed; his ECB colleague Jens Weidmann warned that such a move "would rip huge holes in central bank balance sheets." Helicopter money feels very much like an idea whose time may be coming.

Webmaster's Commentary: 

It is certainly an idea that sounds great to poor people (like me). But the ECB's suggestion may be more about bribing the member states of the EU to give up their talk of exits and less about actually freeing the people from debt-slavery. Regardless of the motive, this is a band-aid only, to perpetuate a broken system that refuses to admit that the very nature of private central banks, which by design create more debt than money to pay the debt, is the real problem.

Mar 23 07:01

The Global Blue Model Crisis

The laws of arithmetic don’t stop at the U.S. border: an explosive new report out from Citigroup shows that public pensions are grossly underfunded.

Webmaster's Commentary: 

The public pensions invested in those mortgage-backed securities because Wall Street's ratings agency all declared them Triple-A (except Egan Jones, who got slapped down for being so impertinent). So pensions invested in those bundles. Then in 2008 the fraud collapsed, and the pensions were emptied. But nobody has the courage to point the finger of blame at Wall Street. after all, Wall Street (like Israel) must never be criticized no matter what they do, so everyone acts like it is the fault of retired people for not dying on the last day of work!

Mar 22 18:33

Michael Rivero argues Trump will end propping up of Wall Street, GOP must get behind him

Coming up is a tremendous interview with Michael Rivero of Michael tells us what to expect during the rest of the primary season, whether or not Donald Trump can be stopped, and how likely we are to see inflation come roaring back. Don’t miss another incredibly informative interview with a man who pulls no punches, Michael Rivero, coming up after this week’s market update.

Equity, commodity, and precious metals markets all got a lift this week from the Fed. The Federal Open Market Committee kept its benchmark Federal Funds rate unchanged on Wednesday, as expected. Fed officials suggested they still want to raise rates this year, but they are now projecting just two rate hikes instead of four. Whether they will actually raise rates at all is yet to be seen. But we kinda doubt it.

Mar 22 18:16


*hyperlinks live at source*

By guest author, diogenes (bio below).



PART 3.1-3.4:  OLIGARCH'S PROGRESS (this article)

The Context of Progressive Origins  [3.1]

Mar 22 15:33

Helicopter Money: Global Central Banks Consider Distributing Money Directly To The People

Should central banks create money out of thin air and give it directly to governments and average citizens? If you can believe it, this is now under serious consideration. Since 2008, global central banks have cut interest rates 637 times, they have injected 12.3 trillion dollars into the global financial system through various quantitative easing programs, and we have seen an explosion of government debt unlike anything we have ever witnessed before. But despite these unprecedented measures, the global economy is still deeply struggling.

Mar 22 14:43

SEC Gets Edgy. Investors Get Crushed.

Mar 22 14:42

Why Trump Is Right On Trade Agreements

Free trade is a great concept, as are free markets and freedom. The problem is none of these things exist in practice because they don’t provide sufficient advantages to the ruling class. The Fed and HFT systems now dominate global markets, western nations systematically overthrow any (freely elected) foreign government that doesn’t bow down to them and free trade agreements are put in place to ensure investors maximize profits no matter what the costs to society.

Mar 22 14:30

Why the Rally in Stocks Can’t Be Trusted

Mar 22 14:24

Food Speculation – The Return Of The Global Hunger Games

The leading expert on food at the United Nations says sharp price fluctuations in the price of food has little to do with actual supply. Nowadays, rapacious out-of-control investment backs such as Goldman Sachs, Morgan Stanley and Barclays Capital now dominate food speculation through the commodities markets. They dwarf the amount traded by actual food producers and buyers needlessly tipping millions into hunger and poverty.

Mar 22 14:04

Europe Just Got Hit: “Many More Involved… Some Still On The Loose”

Following the Paris and the subsequent San Bernardino shooting we warned that open border policies allowing unfettered, undocumented immigration would undoubtedly lead to more attacks. The evidence was clear, as not only have a probable tens of thousands of Islamic extremists already entered Europe as “refugees,” they have been stockpiling war-grade weapons and in another incident in December, were found by Swiss police to be transporting chemical weapons of mass destruction.

Today we awoke to news reports that at least 26 people are dead in Belgium following two separate explosions.

But if you think it’s over, think again, because according to officials, there are more terrorists still on the loose.

Mar 22 13:38

Military admits trillion dollar F-35 program is a failure

For over a decade the US military has spent $1.5 trillion dollars to create an all-purpose fighter jet that would replace their diverse fleet of warplanes. It’s a project that has been rife with criticism for being grossly over budget and delayed for years, not to mention the fact that the plane is riddled with technical flaws and lacks maneuverability (most recently, it was revealed that the F-35 has a faulty radar that needs to be frequently restarted). And each of these problem prone aircraft cost 3 to 5 times as much to manufacture as older fighter jets, like the F-15 and F-16.

Mar 22 12:34

NYT Promotes Study By Private Pension Company That Says Not To Trust Public Pensions

Reputable newspapers try to avoid the self-serving studies that industry groups put out to try to gain public support for their favored policies. But apparently the New York Times (3/17/16) does not feel bound by such standards. It ran a major news story on a study by Citigroup that was designed to scare people about the state of public pensions and encourage them to trust more of their retirement savings to the financial industry.

Mar 22 11:46


Mar 22 11:06

5 Warning Signs For U.S. Auto Industry