ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Apr 30 12:34

BITCOIN PLATFORM CIRCLE GETS $50M FROM GOLDMAN SACHS AND CHINA’S IDG CAPITAL

The Wall Street Journal is reporting that Boston-based Bitcoin platform Circle has added $50 million in new funding — valuing the company at $200 million. The company’s latest investment was led by Goldman Sachs and Chinese investor IDG Capital Partners. Previous investors Accel Partners*, Breyer Capital, General Catalyst Partners, and Digital Currency Group also took part in the round.

Apr 30 12:28

Baltimore riots: A product of the Soros Machine

While Baltimore burns, the city has proven itself to be yet another staging ground in a long line of scenes involving “violent protests,” riots, and racial violence following an incident concerning police brutality, real or otherwise.

Apr 30 12:15

SOME ARREST DATA THAT MAY HELP EXPLAIN THE BALTIMORE RIOTS

For years, Baltimore had a policy that led to tens of thousands of wrongful arrests?. Baltimore was forced to settle with the ACLU in 2010 and enact a series of reforms. The initiative has now more or less ended, but the damage it caused obviously lingers. “Never mind what it did to your jury pool,” Simon told the Marshall Project. “Now every single person of color in Baltimore knows the police will lie.”

Apr 30 12:09

71% OF WALL STREET BANKERS ADMIT THEY ARE TOO BIG TO FAIL (AND UNDERPAID)

Wall Streeters are not happy. According to the latest Bloomberg poll, 48% believe they are paid less (or much less) than they had hoped for.

With the biggest banks cutting costs as new regulations force derisking and deleveraging (in theory), pay is taking a hit (although not so much for the CEOs). As one headhunter noted, "they're still making decent money, but it’s nothing like 2007," but ironically, a massive 71% of Wall Street bankers admit that their banks are still Too Big To Fail.

Apr 30 10:35

US army exercise on preventing civil unrest spread to Tennessee

New videos have been released over the "riot control teams" for the last few weeks. National Guard along with police and US military forces undertake training exercises across the United States. Training is based under riot control and martial-law scenarios.

According to the officials, the 134th Air Refueling Wing of the Tennessee Air National Guard and the Knoxville Police Department trainings take place once in a month. The troops take turns of being rioters, who throw objects and powder at each other.

"We use this training because we know that if we have to use it in the outside world or within a base then we're ready," National Guard official said.

The troops are to deal with civil unrest and domestic disorder.

The police officers are training the Guard troops, "in case they ever come in contact with a riot control situation," according to the official.

Webmaster's Commentary: 

It is obvious the government knows that some huge financial correction is going to hit the US and world economy, which could well plunge some portions of this country into chaos.

And as a Christian pacifist, who never advocates violence, I am urging Mike's readers and listeners NOT to give this government the war they are prepared to fight and win against you, as these exercises demonstrate.

Be calm, prepare, the best you can, and have patience.

The next major change in government will not be won with weapons, but with computer keyboards, sharing what you know with whom you know.

Apr 30 10:15

America’s Police Will Fight the Next Riot With These Stink Bombs

As protesters and police officers clash on the streets of divided cities such as Baltimore, Maryland, and Ferguson, Missouri, some police departments are stockpiling a highly controversial weapon to control civil unrest.

It’s called Skunk, a type of “malodorant,” or in plainer language, a foul-smelling liquid. Technically nontoxic but incredibly disgusting, it has been described as a cross between “dead animal and human excrement.” Untreated, the smell lingers for weeks.

The Israeli Defense Forces developed Skunk in 2008 as a crowd-control weapon for use against Palestinians. Now Mistral, a company out of Bethesda, Maryland, is providing it to police departments in the United States, including the Ferguson PD.

Webmaster's Commentary: 

JUST great: instead of dealing with the situations which led to the protests in first place (like police brutality, which is a national embarrassment here in the US), police departments are going to control crowds with stink bombs developed to be used by Israelis against Palestinians; and then to address any issues the Palestinian people have with them constructively.

Apr 30 09:54

CAVING IN TO CORPORATISM: ENDGAME FOR SECRET “TRADE” PACT NEGOTIATIONS

Two game-changing trade agreements — the Transatlantic Trade and Investment Partnership (TTIP) and its sister pact, the Trans Pacific Partnership (TPP) — are perilously close to completion. Their basic aims are three-fold: to elevate the rights of “investors,” that is of corporations, above the rights of citizens; to transfer sovereignty from the seats of national government to the corporate HQs of the world’s largest multinationals; and to cement Western domination of the global economy for the foreseeable future.

Webmaster's Commentary: 

This is the last bitter step of corporations owning the world, setting legislation norms, and pretty much, in this country, completely ignoring the needs and concerns of American citizens.

Multinational corporations have pretty much owned the world for some time now; these pacts simply make it "official". That is why Obama won't even let Congress see the pertinent documents on these treaties.

Apr 30 09:18

Billionaire Hypocrisy: George Soros May Owe $7 Billion In Taxes

“You support President Obama’s proposal to increase taxes on the wealthy?” That was the question put to George Soros on CNN some three years ago. Here was his answer:

Yes, very much… the super bubble really resulted in creating a great increase in inequality, and now we have the after effect where you have slow growth, but if you could have better distribution of income, then the average American would actually be better off.

Apr 30 08:19

The Great Unwind Begins: US Dollar Plunges To 2-Month Lows

Just when you thought it was safe to pile all your money (at maximum leverage) into USD-denominated assets, the greenback plunges... The last 4 days have seen the 2nd biggest drop in 6 years. This has very significant consequences for a world that has become entirely consensus-based across at least 5 major themes... This poses a problem for talking-heads: if USD strength as indicative of US economic strength... what does a plunging USD imply?

Webmaster's Commentary: 

It will be good for US exporters! Bad for people buying imported products in the US!

Apr 30 08:15

The Dwindling US Economy

By Paul Craig Roberts

The announcement on April 29 of a barely positive GDP first quarter 2015 growth rate of 0.2 percent (two-tenths of one percent) is an intentional exaggeration...

Apr 30 07:59

Economic growth? Obama shoots himself in the foot

The world’s biggest economy ground to a standstill in the first quarter of 2015 wracked by massive job losses in the oil sector, falling personal consumption, weak exports and droopy fixed investment. Real gross domestic product (GDP), the value of the production of goods and services in the US, increased at an abysmal annual rate of just 0.2 percent in Q1 ’15 according to the Bureau of Economic Analysis demonstrating conclusively that 6 years of zero rates and Large-Scale Asset Purchases (LSAP)– which have enriched stock speculators, inflated the largest asset-price bubble in history, and exacerbated inequality to levels not seen since the Gilded Age– have done nothing to improve the real economy, boost demand or reduce unemployment. As the BEA data illustrates, the US economy is basically DOA, a victim of criminal congressional negligence and Central Bank chicanery.

Apr 30 07:57

Fury rises at Disney over use of foreign workers

At the end of October, IT employees at Walt Disney Parks and Resorts were called, one-by-one, into conference rooms to receive notice of their layoffs. Multiple conference rooms had been set aside for this purpose, and in each room an executive read from a script informing the worker that their last day would be Jan. 30, 2015.
Microsoft Build 2015 roundup
Build 2015 UBER mentions: #ITBW rounds up the best Build 2015 roundups

True to form, yesterday Microsoft began the keynote of its Build 2015 developer conference, discussing
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Some workers left the rooms crying; others appeared shocked. This went on all day. As each employee received a call to go to a conference room, others in the office looked up sometimes with pained expressions. One IT worker recalls a co-worker mouthing "no" as he walked by on the way to a conference room.

Apr 30 07:36

16 Signs That The Economy Has Stalled Out And The Next Economic Downturn Is Here

If U.S. economic growth falls any lower, we are officially going to be in recession territory. On Wednesday, we learned that U.S. GDP grew at a 0.2 percent annual rate in the first quarter of 2015.

Apr 30 07:22

Wynn share loss wipes out $2.2 billion in stock market value

The steep drop in value followed Wynn Resorts’ Tuesday earnings report. The company reported a first-quarter loss of $44.6 million, or 44 cents a share, on revenue of $1.09 billion. Sales fell 28 percent year over year, and the company missed analysts’ consensus estimates on earnings per share by nearly 50 percent.

The results were tied to a slump in Macau, where gaming activity has fallen as government officials have cracked down on corruption and curbed junkets to the market.

New restrictions on travel from mainland China to the island haven’t helped, either.

Apr 30 06:43

U.S. and UK GDP Fall Heralds Recession – ZIRP to Continue

– U.S. first quarter GDP grew 0.2%, down from 2.2% last quarter
– U.K. GDP for first quarter was 0.3%, last than half the previous quarter’s figure
– Large inventory build up in the U.S. may mask deep recession
– Zero percent interest policies (ZIRP) to continue despite suggestions to contrary
– Global economy vulnerable to recession and depression

Apr 29 22:01

The Public Sector Is A Milk Cow For Private Enterprise

Social Security and Medicare are under attack from Wall Street, conservatives, and free market economists. The claims are that these programs are unaffordable and that the programs can be run more efficiently and at less cost if privatized.

Apr 29 17:16

The US Dollar Just Took a Massive Plunge

After the Commerce Department released their assessment of the US Economy, the markets were not pleased. The data revealed that America’s GDP has only grown at a 0.2% annual rate. Both American and European stock markets dipped, with the Dow Jones industrial average dropping 49.78 points, and Nasdaq losing 19.71 points. What was even more shocking was the sudden drop in the value of the US dollar, which fell to 9-week lows.

This marks the second biggest drop in 6 years, and the worst decline since the dollar began its meteoric rise in 2014. Despite this, recent polls show that American confidence in the economy is remaining stable. However, it’s hard to say how long the media can maintain this level of optimism if this trend continues. As Zero Hedge put it, “This poses a problem for talking-heads: if USD strength is indicative of US economic strength… what does a plunging USD imply?”

Apr 29 14:45

Obama increased debt-per-household by $50,521 in first term

During Barack Obama’s first term as president of the United States, the debt of the federal government increased by $5.8 trillion, which exceeds the combined debt accumulated under all presidents from George Washington through Bill Clinton.

The new federal debt accumulated in Obama's first term equaled approximately $50,521 for each of household in the country.

Apr 29 14:14

How is this not considered excessive?

Apr 29 13:51

The Public Sector Is A Milk Cow For Private Enterprise

Social Security and Medicare are under attack from Wall Street, conservatives, and free market economists. The claims are that these programs are unaffordable and that the programs can be run more efficiently and at less cost if privatized.

The programs are disparaged as "entitlements." The word has come to imply that entitled people are getting something at great cost to everyone else. Indeed, entitlements have become conflated with welfare.

Apr 29 13:38

Small Caps Signal Trouble Ahead

Apr 29 13:28

US Imports Collapse Most Since Lehman

Apr 29 13:22

Negative interest rates put world on course for biggest mass default in history

Here’s an astonishing statistic; more than 30pc of all government debt in the eurozone – around €2 trillion of securities in total – is trading on a negative interest rate.

Apr 29 12:48

Wal-Mart to build 115 new stores in China

Apr 29 12:47

Employment in oil driven Texas is falling!

Apr 29 12:42

THE WAR ON CASH ESCALATES: CHASE CRACKS DOWN ON CASH... IS YOUR BANK NEXT?

The Federal Reserve bank and its owners, the largest banks on Wall Street, want badly to be able to charge you interest for the privilege of depositing your funds. The problem is getting you to stand for it. Depositors already complain vigorously about zero percent returns on checking and savings accounts. If they must start actually paying the bank to hold funds on deposit, many will opt to simply withdraw the cash and stuff it under their mattress or into a safe deposit box. That simply won’t do.

Apr 29 12:25

Fed: All calendar references removed

Following through on indications in March, the Federal Open Market Committee on Wednesday offered no changes to its zero interest rate policy.

Not only did it not hike rates, it also removed all hints for what may lie ahead. Calendar references were deleted completely from the post-meeting statement.

Apr 29 11:55

“Historically harsh” winter weather slowed U.S. economic growth substantially

As temperatures plummeted this past winter and snowstorms crippled parts of the Northeast, consumer spending nose-dived and U.S. economic growth stalled.

The Department of Commerce reported today that the gross domestic product (GDP) increased at just a 0.2 percent annual rate in the first quarter of 2015 compared 2.2 percent during the final quarter of 2014.

“The weather impact was evident in weakness in consumer spending,” Reuters reported. “Growth in consumer spending, which accounts for more than two-thirds of U.S. economic activity, slowed to a 1.9 percent rate. That was the slowest in a year and followed a brisk 4.4 percent pace in the fourth quarter.”

Apr 29 11:41

House Republicans Want To Block Predatory Lending Protections For American Troops

House Republicans are pushing legislation to block predatory lending protections for American soldiers, under pressure from the banking lobby.

GOP lawmakers tucked the deregulation item into the National Defense Authorization Act -- a major bill setting the military's funding, along with a number of other controversial terms on Guantanamo Bay and other issues. If the banking item is enacted, it would impose a one-year delay on new Department of Defense rules meant to shield military families from abusive terms on payday loans and other forms of high-interest credit. The bill is being considered Wednesday before the House Armed Services Committee.

Apr 29 11:10

WE DEMAND that the British Government Issues through its Treasury Debt-Free and Interest-Free Money – as it did in 1914!

The Bradbury Pound in 1914 is the model for what more and more people are waking up to:

banks create ‘money’ from thin air as Credit and charge interest for it;
central banks lend it to governments – at interest – as national or public debt – as ‘public spending borrowing requirement';
governments have gradually handed over their monetary sovereignty and seignorage to the City;
the myths surrounding money are being perpetuated by teaching institutions such as the London School of Economics which does not teach what ‘money’ is or who has the power to create it and how:

the difference between interest-free Cash and interest-bearing Credit.

Webmaster's Commentary: 

More people are starting to realize how they have been scammed by bankers and government into paying interest on the public currency.

Apr 29 11:09

Russia Seizes Assets of Poroshenko's Chocolate Factory

If you aren’t hiding in your basement from Poroshenko’s artillery shells, you are probably enjoying a delicious bar of Poroshenko chocolate. This is the bizarre “ying/yang” duality of life. But not anymore! Because Russia, which obviously hates all that is sweet in the world, has rudely seized the assets of Poroshenko’s confectionery factory in the city of Lipetsk. As Reuters notes:

“Poroshenko, nicknamed the Chocolate King, promised when he was elected last May to sell Roshen, which takes its name from the middle two syllables of his surname and had pre-crisis annual sales of $1.2 billion.”

Sold (finally!) to Russia, for $0.00. Have a nice day.

Apr 29 11:06

Labor Department won't investigate alleged Edison H-1B visa abuses

The U.S. Labor Department will not investigate allegations that Southern California Edison Co. abused a popular visa program for skilled foreign workers, according to senators who requested the probe.

A top Labor official said an investigation could not be opened because there was no complaint from someone adversely affected by the use of the H-1B visas and no reasonable cause to believe the company violated the rules governing the visas.
Senators seek federal investigation of alleged H-1B visa abuse at Edison
Senators seek federal investigation of alleged H-1B visa abuse at Edison

The Labor Department "has not received a complaint from an aggrieved party or a credible source, and other avenues for investigation are not appropriate at this time," M. Patricia Smith, the department's solicitor, said in a letter dated Tuesday.

Apr 29 10:50

By 2030 over 50% of Colleges will Collapse

Apr 29 10:45

Missile Defense Agency Spent $10 Billion on 4 Projects that were Cancelled

The Department of Defense started, then discarded, four massive missile defense projects, wasting $10 billion on technology that wasn’t capable of protecting the United States from foreign attack.

An investigation by the Los Angeles Times identified four programs developed by the Missile Defense Agency (MDA) that did not work as advertised:

The Sea-Based X-Band Radar (SBX), an enormous floating radar ship, was supposed to be able to detect even tiny incoming objects into U.S. airspace from thousands of miles away. SBX, built by Boeing and Raytheon, was going to guide rocket interceptors to enemy ballistic missiles before they could reach U.S. soil. But after a $2.2 billion investment, MDA realized SBX couldn’t distinguish between missiles and decoys. The technology has been mothballed at Pearl Harbor in Hawaii.

Webmaster's Commentary: 

Apr 29 10:35

2 Choices: Legislation Redestribuing Wealth Or Revolution Distributing Poverty

One of my favorite historians is a guy named Will Durant.

Durant is unfortunately no longer with us, but he and his wife Ariel made history more interesting than all the soap operas my mother used to watch when I was a kid.

I thought about something he wrote this morning when I glanced at the paper and saw a headline about the riots in Baltimore.

In Durant’s seminal work on Louis the XIV, he wrote that “the men who can manage men manage the men who can manage only things, and the men who can manage money manage all.”

Now if the quote is confusing, just focus on the last eight words.

Apr 29 10:26

Gold And Silver – The U S Is A Corporation. PMs Stand In The Way

Where have all the trillions of newly created “money” gone? Into the failed and bankrupt banking scam conducted by the elites. All world-wide monetary policy undertaken by the central banks has been for the sole purpose of protecting the failed banking financial structure, propping up the fiat currencies.

Apr 29 10:21

12-Year Old Child Reveals One of the Best Kept Secrets in the World

Apr 29 10:13

Official: Baltimore Cutting Water to Hundreds of Residents and Zero Corporations

Don't shut off our water! That's what the dozens who have gathered at Baltimore's City Hall are demanding for the over 20,000 residents who may have their water cut off for not paying their water bills.

DAMIEN HENSON, BALTIMORE HOMEOWNER: About a month and a half ago I got a cutoff notice for $3720. So I was here today to tell my story and share my story, because we have a lot of unanswered questions. They don't tell you anything. They just tell you, they'll pretty much--yes. Pay the bill. They tell you pay the bill. They come out and read your meter, and the rest is on you. So I just wanted to tell my story, because I feel like it's pretty ridiculous that I have a $3700 water bill.

Apr 29 10:13

First Detroit, Now Baltimore Is Shutting Off Water To The Poor

Usually, when you see someone making a mistake, and if you’re relatively intelligent, you try hard not to replicate that mistake. Because when you see that something doesn’t work or causes unnecessary harm or danger, then the normal reflex is to head in the other direction. Try something else. Try something that works.

Which is why I’m having a rather hard time understanding why it is that the City of Baltimore has apparently made the decision to follow in the footsteps of my adopted hometown Detroit and is shutting off the water in poor peoples’ homes for falling behind on their bills while allowing the larger – and significantly wealthier – corporations and businesses to slide on by. Even though they are the ones most responsible for the related deficit that the city currently finds itself in.

Apr 29 10:12

Baltimore Residents protest city's planned water shut-offs

A couple of dozen protesters rallied outside City Hall on Monday to call on officials to reverse a decision to begin turning off service for water customers who are behind on their bills.

Sharon Black, a Waverly woman who helped organize the protest, called on the city to delay any water shut-offs. The protesters want the City Council to investigate the reasons why the delinquent water customers are late in paying.

"We're in a state of shock and outrage," said Black, an activist with the People's Power Assembly. "People aren't paying their water bills, because they can't afford to."

Webmaster's Commentary: 

Not the smartest thing for Baltimore to do right now!

Apr 29 10:05

Sea life ecosystem collapses...

Apr 29 09:22

McDonald’s gets rid of 7 sandwiches

After years of bulking up its menu with everything from oatmeal to lattes to wraps, McDonald’s Corp. MCD, -0.63% has cut a number of items from its U.S. offerings.

Getting the ax: the Deluxe Quarter Pounder burger, six chicken sandwiches, and the honey mustard and chipotle barbecue snack wraps, according to Bloomberg. It was a “rolling removal” so restaurants discontinued the sandwiches as they ran out of them, company spokeswoman Lisa McComb told Bloomberg.

Apr 29 09:16

AIPAC Sponsored “Fast Track Measures” on Behalf of Israel: Congressional Legislation Targets BDS Initiatives

AIPAC-promoted/anti-BDS measures were attached as amendments to House and Senate fast track legislation introduced earlier in April.

Its purpose is to ram through Congress Trans-Pacific Partnership (TPP) and Transatlantic Trade and Investment Partnership (TTIP) bills global justice advocates call NAFTA on steroids – stealth corporate coup d’etats.

The House measure “discourage(s) politically motivated actions to boycott, divest from, or sanction Israel and seek(s) the elimination of politically motivated non-tariff barriers on Israeli goods, services, or other commerce imposed on the State of Israel.”

Apr 29 08:53

In-Depth: Japanese Yen and U.S. Dollar

Apr 29 08:40

What famous historical landmarks would cost if built todayl

Instead of buying that one-bedroom New York City condo, why don't you invest a few thousand dollars more and build an exact replica of the Statue of Liberty?
According to an infographic created by HomeAdvisor, the cost of material and labor in building a new Statue of Liberty would be vastly cheaper in 2015, due to advances in technology and more readily available materials

Apr 29 08:25

Using Cash? Prove You’re Not a Terrorist

By Jeff Thomas

Recently, France decided to crack down on those people who make cash payments and withdrawals and who hold small bank accounts. The reason given was, not surprisingly, to “fight terrorism,” the handy catchall justification for any new restriction governments wish to impose on their citizens. French Finance Minister Michel Sapin stated at the time, “[T]errorism feeds on fraud, money laundering, and petty trafficking.” ...

Do you need to make a deposit on a car? That might be suspect. Did you just deposit a dividend you received? It might be a payment from a terrorist organisation. Planning a holiday and need some cash? You might need to be investigated for terrorism.

And France is not alone...

Apr 29 08:19

"Fast Track" Flouts the Constitution

On Saturday, just a few days after the president accused her of spreading "misinformation," about the TPP trade deal I like to call SHAFTA, the Massachusetts senator hit back hard in a letter to the White House.

While the Obama administration has, she pointed out, given 500 or so corporate lobbyists inside access to TPP negotiations, it has left the public completely in the dark.

In fact, as Senator Warren went on to write, "It is currently illegal for the press, experts, advocates, or the general public to review the text of this agreement. And while ... Members of Congress may 'walk over ... and read the text of the agreement' -- as we have done -- [we] are prohibited by law from discussing the specifics of that text in public."

That's right -- members of Congress, the elected representatives of "We the People" can't talk to the public about the biggest trade treaty in US history.

Apr 29 08:13

The Era of Wealthy Entitlement

Because of irresponsible reporting by conservative sources, many Americans have been led to believe that social programs are bankrupting our nation. The mainstream media fawningly concurs, with statements like this from USA Today: “The massive deficits…[and] chronic underfunding…are largely the result of Washington’s habit of committing too much money to benefit programs.” States are now beginning to attack imagined safety net abuses, such as the use of food stamp funds to pay for fortune tellers and pleasure cruises.

Apr 29 08:03

The War on Cash: Transparently Totalitarian

While the forces pushing for centralization of power have been prevailing for decades, they haven’t won a total victory yet. Technologies that empower the individual and that tend toward decentralization—including the Internet, encryption, 3D printing, and cryptocurrencies—offer a powerful ray of hope, reasons to be optimistic about the future.

So the tug of war between the collectivists and the rest of us continues.

One thing that would tip the scales heavily in favor of the collectivists would be victory in the War on Cash. Their goal is to eliminate the use of hand-to-hand currency, so that governments can document, control, and tax everything.

It’s exactly like what Ron Paul said: “The cashless society is the IRS’s dream: total knowledge of, and control over, the finances of every single American.”

Apr 29 07:55

Is the Stock Market Another Bubble?

The stock market has recovered sharply from the lows hit in the financial crisis. All the major indices are at or near record highs. This has led many analysts to worry about a new bubble in the stock market. These concerns are misplaced.

Apr 29 07:45

With a Bang or a Whimper (How the Financial World Resets)

The global financial world is increasingly unstable and approaching a reset. A few reasons why:

Global debt is approximately $200 Trillion and rapidly increasing. Debts are either paid or defaulted. Default seems likely – either directly or via hyperinflation.

Global derivatives are, depending on who is counting, around $1,000 Trillion. Derivatives were at the center of the 2008 crash and are even more dangerous now.

Speculation, debt, and “printing currencies” have been excessive in many countries. Other similar periods of excessive speculation were 1929 and 2000. “Printing currency” has never solved problems.

So how does the financial world, as we know it, reset? Let’s speculate!

Webmaster's Commentary: 

Theory" The money-junkies order the government to confiscate all the assets of the people and hand them over! From then on, non-money-junkies are only allowed to live, work, and travel by the leave of the new feudal lordships.

Apr 29 06:13

GDP STALL: 0.2%

Apr 29 01:29

Barclays Profit Rises

Barclays Profit Rises; Sets Aside More for Currency Probe

Barclays Plc posted a gain in first-quarter profit matching analysts’ estimates, even as it set aside an additional 800 million-pound ($1.2 billion) provision toward settling allegations it rigged currency benchmarks.

Apr 28 22:02

Money Matters

It’s very reassuring that more people are slowly learning how our monetary system really works: if you want to fix something, you need to know a bit about it.

Apr 28 19:23

Ontario Budget Will Result in Devastating Hospital Cuts If Funding is Not Improved

(Toronto) – For the fourth consecutive year Ontario’s hospitals will suffer real-dollar budget cuts according to today’s Ontario Budget. This is the longest unbroken period of real-dollar public hospital cuts in Ontario’s history. Already, Ontario has cut hospital beds more drastically than virtually anywhere else in Canada, or the industrialized world. Maternity units, entire wards, even entire hospitals are threatened with closure. Despite all rhetoric and false claims, these are not services that are being replaced in community care. The hospital cuts are resulting in accelerated privatization, hardship for patients and unsafe hospital overcrowding that now ranks among the worst in the developed world.

While the government has openly announced its plans to privatize Ontario Hydro, the real-dollar cuts across all public services and health care also mean damaging – and potentially irreversible – cuts, closures and privatization of needed health care and other social services.

Apr 28 16:41

Online Shopping May Put Your Data at Risk

Online shopping has a lot of perks vs. shopping in physical stores, like ease. But there are some downsides to online shopping too, including the possibility of your data being stolen.

Apr 28 16:34

3 Things to Look for in Your Next Bank

Analyzing a bank may sound like a difficult task, but there are really only 3 things that you need to consider before choosing a new banking institution.

Apr 28 16:05

No One Works in Nearly 20% of US Families

Apr 28 15:45

Automakers With The Lowest (And Highest) Recall Rates

While it may come as no shock that luxury-car maker Mercedes-Benz came out atop the list of least-recalled brands, with an average 0.41 units recalled per vehicle sold, General Motors, with nearly 100 million vehicles recalled since 1985, actually placed third-best, with 0.65 cars and trucks recalled per unit sold.

Of the 15 major automakers surveyed, Hyundai Motor Company can lay claim to having the worst ratio, with 1.15 vehicles recalled for every model sold since it introduced the Excel to U.S. buyers in 1986. Other brands found to have recalled more cars than they sold in the U.S. over the last 30 years (needless to say this represents a number of cars for which multiple campaigns were initiated) include Mitsubishi, Volkswagen and Volvo; Chrysler broke even, so to speak, with a one-to-one sales-to-recall ratio. (Scroll down for the full results.)

Apr 28 15:31

Twitter in meltdown: Stock tumbles 18% after disappointing figures accidentally released early in online gaffe

Twitter's stock is falling sharply after the company's earnings, which were due to be released after the stock market closes, accidentally came out ahead of time.

Trading in its stock was halted Tuesday afternoon after word spread of the premature earnings release.

Twitter said it has informed the stock exchange, and was 'investigating the leak'.

Apr 28 14:17

Only 44 Percent Of U.S. Adults Are Employed For 30 Or More Hours Per Week

Jim Clifton, the Chairman and CEO of Gallup, says that the percentage of Americans that are employed full-time has been hovering near record lows since the end of the last recession. But most Americans don’t realize this because the official unemployment numbers are extremely misleading. In fact, Clifton says that the official 5.6 percent unemployment rate is a “big lie”.

Webmaster's Commentary: 

Five out of five Pinocchios!

Apr 28 13:48

Rothschilds Want Iran’s Banks

Apr 28 12:58

China taking aim at reshaping international monetary system

China’s steady encroachment to the heart of global finance could eventually reshape the international monetary system. With the International Monetary Fund and World Bank beset by weak leadership, hamfisted decisions (not least over Greece) and failures in governance reform, China is attempting, from within and outside, to adjust the rules of the two Bretton Woods institutions founded in 1944.

Apr 28 12:34

Argentina: A Case Study of Israel’s Zionist-Wall Street Destabilization Campaign

Israel’s widespread practice of recruiting Jewish citizens and officials of other countries to serve as vehicles of Israeli policies has the potential to foment a new and possibly violent backlash, once the greater population has been made aware of such treasonous activities.

Apr 28 11:33

Read Ted Cruz's 2009 Defense of Obama's Stimulus as an Aid to America's "Economic Recovery"

What a difference a job title ($695-an-hour corporate lawyer versus Senator) and a few years makes... Well, moves like this definitely help explain his rise to the top (of the American political pond where only the scum rises to the top).

What a total and utter hypocrite Ted Cruz is. Most people don't even realize if this guy gets in, Goldman Sachs will literally be living in the White House. Oh sure, Cruz's wife Heidi, who up until recently worked in Latin American mergers and acquisitions for the too-big-to-fail banking giant, took a little time off to help him run his campaign for president... but let's stop kidding ourselves.

Apr 28 10:55

How did 80 people gain control over more combined wealth than 3.5 billion others?

How is that possible when capitalism is supposed to be the great equalizer – the engine for prosperity and opportunity for all?

It was not supposed to be this way.

On RT’s Crosstalk (above), economist Michael Hudson discusses how according to the rules of economics (that they teach us), this astonishing concentration of wealth should be impossible:

Webmaster's Commentary: 

That kind of astonishing wealth concentration is the hallmark of a fascist economic dictatorship.

Apr 28 10:28

Finnish Official: Jews Control Money, Impede US Neutrality

Finnish official asserts on state television that Jews hold vast control over wealth, media, thus impeding neutrality in US Mideast stance.

Webmaster's Commentary: 

Apr 28 10:19

Just 42 percent of the residents in Freddie Gray’s neighborhood are employed

Freddie Gray, the 25-year-old black man who died in police custody, was born into Sandtown’s literally toxic ghetto, according to a lawsuit he and his two sisters filed in 2008. The Sun’s Jean Marbella writes that the family claimed damaging lead levels in their blood as children led to “multiple educational, behavioral and medical problems.” They settled in 2010 for an undisclosed sum.

Whether because of lead or even more intractable structural problems, Sandtown has been unable to shake the kinds of economic woes prevalent in other predominantly African-American inner city neighborhoods.

Here are the terrifying facts about Sandtown, according to U.S. Census tract data.

— Just 42 percent of residents are employed, compared to the national average of 59 percent.

— Thirty-three percent of residential properties are vacant or abandoned.

— Just 54 percent of its residents are even in the labor force, even though 77 percent of residents are between 20 and 64 years old.

Webmaster's Commentary: 

If you don't have a healthy environment, meaningful education, leading to meaningful jobs and the ability to better yourself, you are in a very, very bad situation indeed.

Hopelessness, exacerbated by police brutality, will ultimately lead to violence.

And it is very obvious that Baltimore PD has some industrial strength soul-searching to do about not letting officers, sworn to uphold the law, break it by brutalizing suspects, and not following standards and practices to the letter.

The late President Kennedy said it best: "When peaceful revolution is impossible, violent revolution is inevitable."

Apr 28 10:00

Paul Volcker Invests in Foreign Banks as He Lectures on U.S. Bank Reform

Last Monday, former Fed Chairman Paul Volcker held a press conference at the National Press Club to release his nonprofit’s plan for reforming U.S. bank regulation. Volcker’s plan includes elevating the Federal Reserve to even greater heights as a super regulator of a consolidated system. That’s exactly the opposite of what Congress has in mind as it holds hearings on fatal conflicts of interests between the Fed and Wall Street.

Webmaster's Commentary: 

It appears that there are two prerequisites for getting into the top levels of the banking industry; the morals of a trout, and a conscience which has been surgically removed.

Apr 28 09:56

RON PAUL EXPOSES THE REAL WAR ON THE MIDDLE CLASS

Few things would benefit the middle class more than ending the Federal Reserve. The Federal Reserve’s inflationary policies erode middle-class families’ standards of living while benefiting the financial and political elites. Middle-class Americans may gain some temporary benefits from Federal Reserve created booms, but they also suffer from the inevitable busts.

As I write this, the dollar still reigns as the world’s reserve currency. However, there are signs that other economies are moving away from using the dollar as the reserve currency, and this trend will accelerate as the Federal Reserve continues to pump more fiat currency into the economy and as resentment toward our foreign policy grows. Eventually, international investors will lose confidence in the US economy, the dollar will lose its reserve currency status, and the dollar bubble will burst.

Webmaster's Commentary: 

That slippage of the US dollar as the world's reserve currency may well be closer than many people think.

Apr 28 09:50

Benjamin Fulford: Fall of the 6,000-Year Old System of Babylonian Debt Slavery

What we are witnessing is the fall of the 6,000-year old system of Babylonian debt slavery. The human ants are running around in increasing panic because they sense something big has happened. Most are blind so they cannot see that the eye at the top of the human ant-hill, or pyramid, has been overthrown. There is chaos because the people at the top cannot agree on what to do next.

Here is a humble suggestion on how the end the chaos and start an unprecedented era of prosperity. First of all, we need to replace the God we call money with a symbol of the world. A new currency would be issued, call it say a Mundo or ???and, for a limited period of time, it could be exchanged on a one for one basis with dollars or euros. The U.S. and the EU could then replace their currencies with something new, perhaps something like the greenback. The old dollar and euro would become something to be found in curiosity and antique shops. Other national or regional currencies could remain as they are.

Apr 28 09:48

The Supreme Court Stole Your Right to CHECK the FEDS POWER

What do you call a situation where the law is ignored? Tyranny.

What about where the law is turned on its head? Fraud.

What about where the government steals the rights of the people to expand its own powers? Corruption.

Apr 28 09:46

BEX ALERT - Will Iran Attempt To Seize Control Of Saudi Oilfields?

Apr 28 09:23

Crude oil price already up after Straight of Homuz "crisis"

Apr 28 08:51

Benjamin Fulford – “Pentagon Plays Military Card Against China as Washington D.C. Struggles for Cash, Fudging Accounts to Keep from Bankruptcy”

The bankruptcy of the West was postponed again last week with fudged accounting keeping both Washington D.C. and Greece (therefore the EU) from defaulting as high stakes negotiations over a new financial system continue.
To bolster is bargaining position, the Pentagon is undertaking some large scale moves against China. Pentagon sources say last week’s earthquake in Nepal was generated using high energy electronic waves. The aim was to send a message to both China and India prior to US Defense Secretary Ashton Carter’s planned trip to India next month, the sources say. The basic message was “only the Pentagon can defend India against China.”

Apr 28 08:43

SILVER, DOW Imminent Implosion

Apr 28 08:26

How This Debt-Addicted World Could Go The Way Of The Mayans

We are paying a high price for too many elites and their ‘frivolous cravings’. Nowadays many countries’ social and political structure relies on debt-driven consumption and increasing levels of entitlements. Blame the policy-makers as the “permanent lie [has become] the only safe form of existence.”

Apr 28 07:53

Greece €400 Million Short For Wage And Pension Payments, Rushes To Pass Troika-Friendly Laws

There was a brief bout of Greek risk-on euphoria following yesterday's latest twist in the winding road to the Greek insolvency, in which the Greek finance minister Varoufakis became the latest sacrificial scapegoat to be "Nav Sarao-ed" to the angry gods of the Troika, and has been henceforth kicked out of any negotiations with the Greek "institution" creditors.

The core problem for Greece, however, remains: namely that it is still completely out of money, and as we learned yesterday, the local municipalities have mutinied, and told the government they would not hand over their cash to the central bank without their own conditions being met first, and certainly not before May 7 which may well be too late for Greece.

Webmaster's Commentary: 

Apr 28 07:50

John Deere's Weird Idea of 'Ownership'

It's official: John Deere and General Motors want to eviscerate the notion of ownership. Sure, we pay for their vehicles. But we don't own them. Not according to their corporate lawyers, anyway.

In a particularly spectacular display of corporate delusion, John Deere—the world's largest agricultural machinery maker —told the Copyright Office that farmers don't own their tractors. Because computer code snakes through the DNA of modern tractors, farmers receive "an implied license for the life of the vehicle to operate the vehicle."

It's John Deere's tractor, folks. You're just driving it. – Wired, April 21, 2015

Apr 28 07:43

Gold surges: World's 'biggest pawnbroker' makes deal

Gold surged above $1,200 an ounce Monday in its best day since January, amid market intrigue surrounding a deal between Venezuela and Citigroup to swap $1 billion in cash for part of the country's gold reserves.

The swap, reported last week, provides cash to President Nicolas Maduro's socialist government as the country reels from a steep drop in oil revenue. Reuters reported Friday that the Venezuelan central bank was expected to have provided 1.4 million ounces of gold in exchange for the cash, and the country would have to pay interest on the funds.

"He had to pawn their gold. That's what they've done. They can buy it back. They have rights of first refusal," said Dennis Gartman, publisher of The Gartman Letter. "They went to the biggest pawnbroker of gold—Citibank."

Apr 28 07:21

Why most of the $100 million L.A. spends on homelessness goes to police

A report showing that more than half the $100 million the city of Los Angeles spends each year on homelessness goes to police demonstrates that the city is focused on enforcement rather than getting people off the streets, homeless advocates said Friday.

Sadly in today's system we have to wait until they commit a violent crime to get them 'help' in a jail cell, instead of involuntary housing.
- Deon Joseph, LAPD officer, in a Facebook posting
"Supports what we've been saying for years that this city is doing almost nothing to advance housing solutions but continues down the expensive and inhumane process of criminalization that only makes the problem worse," said Becky Dennison of Los Angeles Community Action Network, a skid row advocacy group, in an email.

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