ECONOMY

Sep 04 11:02

Keiser Report: Mortgage Crisis 2.0

Sep 04 09:26

FLASHBACK 2010 - Is America Becoming A Third World Country?

Webmaster's Commentary: 

We are all Detroit now!

Sep 04 08:46

Export-Import Bank costs taxpayers $2 billion a decade

Ex-Im is a federal agency that subsidizes U.S. exports through direct loans and loan guarantees to foreign countries. Ex-Im’s charter expires this fall, and conservative Republicans want to let the agency die. In its defense, officials at Ex-Im and the White House — joined by lobbyists for manufacturers and banks — typically assert that Ex-Im is free.

“The Ex-Im Bank doesn't cost the American taxpayer a dime,” the U.S. Chamber of Commerce posted on Twitter on May 20. Ex-Im “pays for itself and makes a profit,” Ex-Im President Fred Hochberg likes to say.

False.

Sep 04 08:38

UK Fracking Likely to Destroy More Jobs Than Created

Hydraulic fracturing, or fracking, in the United Kingdom would destroy more jobs than it is creating according to the analysis of a UK government report, environment charity Friends of the Earth Cymru said.

"We've been told that fracking could be a massive boost to employment and bring much-needed jobs. But beneath the hype, the hard truth is that even a full expansion of the fracking industry would mean an employment peak of just four years, and only around 200 low-paying jobs for the people of Wales,” the charity’s director Gareth Clubb said.

Sep 04 08:33

Operation Choke Point could soon grip casinos

It has already hit gun and ammunition dealers. It has shut down pawnshops and short-term lenders. It has caused banks to discharge potentially thousands from their customer rolls who’ve done nothing illegal or improper. The next casualty will be America’s casino and gaming industry.

Operation Choke Point is a government program that the U.S. Department of Justice has said was designed to combat fraud in the marketplace, but its impact has been felt among law-abiding, legitimate businesses far more than unscrupulous bad actors. Operation Choke Point is a joint DOJ and FDIC program that allows these federal agencies to intimidate banks and payment processors into ending financial relationships with lawfully operating businesses. The casino industry is the next target.

Webmaster's Commentary: 

Choke point is another US Government botch-up like the no-fly list, which has some 21,000 people on it even though no actual terrorist has been caught trying to board a US aircraft since 9-11. The government is harming the innocent, failing to catch the guilty, and has the arrogance to demand that you pay for this abuse!

Sep 04 08:09

Food poverty: UK experts warn of rising levels of malnutrition

Rising levels of food poverty have led to malnutrition becoming more common in the UK, experts say. The public health problem is responsible for a range of ailments surfacing across the country, including rickets.

Britain’s Faculty of Public Health has linked the growing trend to people’s inability to afford quality food. According to the latest figures, there has been a 19-percent increase in the number of UK citizens hospitalized for malnutrition over the past twelve months.

Sep 04 07:59

Monetary policy decisions

At today’s meeting the Governing Council of the ECB took the following monetary policy decisions:

The interest rate on the main refinancing operations of the Eurosystem will be decreased by 10 basis points to 0.05%, starting from the operation to be settled on 10 September 2014.

The interest rate on the marginal lending facility will be decreased by 10 basis points to 0.30%, with effect from 10 September 2014.

The interest rate on the deposit facility will be decreased by 10 basis points to -0.20%, with effect from 10 September 2014.

Sep 04 07:05

Have We Reached a Financial Singularity?

Sep 04 04:37

‘NATO plan against Russia to cost several hundred million euro a year’

The implementation of NATO’s readiness action plan to 'overt' Russian threat, which will be presented at the alliance’s summit in Wales on September 4, will involve “several hundred million euros” a year, says the bloc’s commander.

"Keeping people on alert carries a certain cost," General Jean-Paul Palomeros, the head of the Allied Command Transformation, which leads military transformation of bloc’s forces and its capabilities, told AFP.

According to Palomeros, the plan which was adopted to counter Russia’s involvement in Ukraine’s crisis could be implemented "by the end of the year."

Sep 04 04:24

Dealers attack Tesla, seek to remove electric car maker from Georgia

Autodealers in Georgia are trying to kick Tesla out of the state and prevent it from selling its Model S sport sedan and upcoming Model X SUV.

The move by the Georgia Automobile Dealers Association comes amid a flurry of fighting over Tesla selling directly to the public without the middleman, or franchise dealership.

The association is seeking to revoke "Tesla's existing dealer license" and to block "any attempt by Tesla to renew or reapply for a dealer or manufacturer license."

The association made that claim last week to the Georgia Department of Revenue, which limits Tesla to selling 150 cars annually in the Peach State under Tesla's direct-to-the-public sales policy. The group says Tesla has sold 173 vehicles in Georgia.

Sep 03 22:54

Ukraine's Economy Is Unraveling

Ukraine is going through a perfect economic storm. Ravaged by civil war, left with no parliament and led by a self-styled “kamikaze government”, the country is on the verge of a full-fledged economic disaster.

Sep 03 15:17

European Commission Gives Green Light to More Sanctions Against Russia

The European Commission approved Wednesday a proposal to significantly expand sanctions against Russia, but the final decision is yet to be made by the European Union members.

Sep 03 15:17

Wall Street Declares Victory Against the American People: The Banking Elites are Now Waging War against One Another

Of course, virtually all Democratic aristocrats are already pouring money into the place-holding fundraising campaign for Clinton’s expected entrance into the Democratic Presidential contest.

This means that virtually the entire aristocracy will be flooding Clinton’s Presidential war-chest, unless Jeb Bush seeks the Republican nomination.

Sep 03 15:11

Presenting the Most Pitifully Capitalized Central Bank in the West [Hint: It’s NOT the Fed]

As it turns out, Banque du Canada is actually the most pitifully capitalized central bank in the western world. They’re in such bad shape they actually make the Fed look healthy.

Hong Kong’s Monetary Authority Exchange Fund is a good example of a strong balance sheet; their latest figures as of 30 June show a whopping capital reserve equal to nearly 22% of total assets. This is a massive margin of safety for the central bank. The US Federal Reserve, on the other hand, shows a capital reserve of just 1.27%.

And Canada? A tiny 0.47%… as in less than one half of one percent. This isn’t safety and stability. It’s a rounding error.

Sep 03 14:04

'Hoarding Money' - A New Meme?

Fed: US consumers have decided to 'hoard money' ... One of the great mysteries of the post-financial crisis world is why the U.S. has lacked inflation despite all the money being pumped into the economy. The St. Louis Federal Reserve thinks it has the answer: A paper the central bank branch published this week blames the low level of money movement in large part on consumers and their "willingness to hoard money." – CNBC

Sep 03 13:57

The Hidden Bipartisan Agenda Behind Eliminating the Export-Import Bank

Brandon Turbeville
Activist Post

It is increasingly true that whenever one sees Democrats and Republicans joining forces in Congress the end result will inevitably be that the American people are sold down the river. Thus, when we see a formation of both Democrats and Republicans coming together for the purpose of eliminating the Export-Import Bank, red flags should immediately go up in regards to the true motivation and result of their newfound alliance...

Sep 03 13:37

Industry lobbying boils over in bid to block labeling of genetically engineered food

Companies and organizations opposed to labeling foods that contain genetically engineered ingredients disclosed $15.2 million in lobbying expenditures that made reference to GE labeling in the second quarter of 2014, according to analysis updating a July EWG report. When combined with lobbying expenditures from the first quarter of 2014, these companies have disclosed $27.5 million in the first half of 2014 that made reference to GE labeling– nearly three times as much as they disclosed in all of 2013.

Sep 03 13:09

Economist: “This is Far From Over… They Know There Is a Problem Coming”

One of the best indicators is how people on Main Street, USA feel.

I found that those who live in the real world have a pretty good sense of what’s really going on.

If you don’t believe in the numbers coming out of the government, you’re probably right.

Sep 03 12:43

Kurdish ‘ghost’ oil tanker reemerges near Texas – with $100mn cargo

A “ghost ship” oil tanker carrying approximately $100 million of disputed Iraqi Kurdish crude oil has reappeared on satellite imagery near the US coast Monday, after disappearing for several days. The tanker seems not to have offloaded its oil.

According to the US Coast Guard and Reuters, the tanker, United Kalavrvta, is still 95 percent full and has not yet unloaded its cargo. The vessel was anchored Monday in the Galveston Offshore Lightering Area, close to its previously known position.

The Iraqi government has deemed this shipment of Kurdish crude oil illegal. Baghdad filed a lawsuit in the US in June, preventing any purchaser from unloading the Kurdish shipment.

Sep 03 12:31

One in Seven Americans in Households Struggling Against Hunger

More than 17.5 million American (14.3 percent) households struggled against hunger in 2013, according to new data released today by the U.S. Department of Agriculture’s (USDA) Economic Research Service. The 2013 numbers were unchanged (in terms of statistical significance) from the 2012 rate, when 14.5 percent were considered to be food insecure, but a slight dip from the 2011 rate of 14.9 percent. The rate is, however, far above the 11.1 percent rate in 2007, before the recession.

Sep 03 12:12

Revealed: Burger King Has Been Screwing American Taxpayers for Years

Over the last week, Burger King has been getting slammed for a scheme to worm out of its U.S. tax obligations, but a new report shows that’s just business as usual for the company. (Burger King decided to move its tax base to Canada by acquiring the Ontario-based coffee and donut chain Tim Hortons, which will allow the firm to get out of paying billions in U.S. taxes.)

Sep 03 11:54

10 percent of SoCal homeowners remain underwater despite recent increase in home prices.

You would think that the recent rise in home prices across Southern California would be enough to bring most homeowners into a positive equity position. However, we still have 1 out of 10 homeowners in a negative equity position. The total number of homes underwater in SoCal is estimated to be at 288,000 according to CoreLogic. This is a far cry from the 1.1 million underwater homes going back to 2009. Since that time many foreclosures have occurred and many homes have now shifted into the hands of investors.

Sep 03 11:31

Bankruptcy judge orders mediation on Detroit water

The judge handling Detroit’s bankruptcy case has ordered mediation in a lawsuit that seeks to block the city from shutting off water to customers for unpaid bills.

U.S. Bankruptcy Judge Steven Rhodes heard arguments Tuesday on a request for a temporary restraining order from critics of the city’s water department.

Sep 03 10:32

Ukraine to Need Another $19 Billion from the IMF

Ukraine is already on the hook to the IMF to the tune of $16.7 billion. Today the IMF reassessed: Ukraine Crisis Hits Economy and Could Require Bigger loan.?

In its first full review since agreeing a $16.7bn standby facility earlier this year, the IMF warned that the two main risks it had foreseen – intensification of the conflict in the east and a natural gas shut-off by Russia – had materialised.

Sep 03 10:31

Foreign Ownership of U.S. Government Debt Passes $6 Trillion

For the first time in the nation’s history, foreign interests now own more than $6 trillion in U.S. government debt, according to the most recent Treasury Department report on major foreign holders of the debt, which includes the numbers through the end of June.

As of the end of June, foreign owners held $6,013,200,000,000 in U.S. Treasury securities, up from $5,976,500,000,000 as of the end of May.

Sep 03 08:41

Europe Must Unite Against Russia: NSA's Alexander

Gen. Keith Alexander (Ret.), former director of the NSA, comments on the escalating situation in Ukraine. He speaks with Trish Regan on "Street Smart."

Webmaster's Commentary: 
Sep 03 08:12

Economic data show gathering global slump

The latest economic statistics from Europe, Japan and China point to deepening recessionary trends in the global economy.

The eurozone economy is still below the level it reached six years ago on the eve of the global financial crisis, China manufacturing output is slowing and there are growing concerns that “Abenomics,” supposedly aimed at stimulating the Japanese economy through monetary policy, is running out of steam.

Sep 03 07:48

Anti-poverty group urges G20 to tackle corruption

Anti-poverty organization ONE is urging leaders of the 20 largest economies to act decisively at an annual summit in November against money laundering, bribery, tax evasion and corruption which it estimates costs the world's poorest countries more than $1 trillion a year.

Sep 03 07:09

Presenting the most pitifully capitalized central bank in the West [Hint: It’s NOT the Fed]

This is the new flavor of Kool-Aid. Canada is seen as the new banking safe haven and an “island of safety and stability” because of its perceived sound fiscal position, commodity wealth and solid economic performance.

Now, anytime I see central bankers slapping each other on the back, I’m going to be skeptical. But here at Sovereign Man, our conclusions are all data driven… so we dove into the numbers.

First, the Big Daddy himself—Canada’s central bank.

Any strong, healthy banking system requires a central bank with a pristine balance sheet… specifically, substantial net equity as a percentage of assets.

So how strong is the balance sheet for Banque du Canada? Not very.

Sep 03 07:07

Coinlation: Measuring the Metal Value of Coins – Base Metal, Gold, and Silver Coins

This website uses a calculator to determine the base metal value of your silver, gold, or copper coins.

http://www.coinflation.com/

Sep 03 06:53

What French Kids Eat For School Lunch (It Puts Americans To Shame!)

There are many theories as to why the French, and French children in particular, do not suffer from weight problems, obesity, diabetes, and hypertension like their American counterparts. Eating moderate quantities of fresh and freshly prepared food at set times of the day is definitely one of the most convincing reasons why they stay lean. Daily exercise, in the form of three recess periods (two 15-minute and one 60-minute recess every day) and walking or biking to and from school, is another.

So what do French kids eat at school?

Sep 03 06:51

Gas costs you THREE times what the energy firms pay: Millions of households being ripped off after wholesale cost halves in six months

British Gas, which supplies around 40 per cent of homes, and other firms are under fire for their costs at a time when the Competition and Markets Authority is holding an inquiry into the energy supply business.

Its parent company, Centrica, announced profits of £900million for the first six months of the financial year. British Gas customers are paying between £1.35 and £1.50 per therm.

Yet the wholesale gas price paid by suppliers has hit a four-year low of less than 42p per therm, down from 72p in December.

Sep 03 06:42

The Deep State and the Power of Billionaires

Mr. Johnston, a leading investigative journalist, says everybody who gets to make a serious run for President is a Wall Street candidate; weakening the estate tax is one way billionaires defend their power and fortunes

Sep 03 05:43

Forget George Osborne's Spin, Here's The Truth About The 'Economic Recovery'

George Osborne welcomed a "double dose of economic good news" after the Office for National Statistics' upgraded its estimates on how fast the UK has grown since the crash, which now indicate that the economy fully recovered last summer.

The revisions for Britain's economic growth from 1997 to 2012 come as the latest report from the World Economic Forum lifted the UK one place to ninth in its international competitive ratings.

Sep 03 05:19

German Supermarket Giants Demand Return to GMO-Free Fed Poultry

Germany’s top supermarkets, the powerhouses of Europe when it comes to retail, have delivered a blow to the biotech industry by forcing the German poultry industry to return to the use of non-GMO feed.

It was announced last Thursday that the German supermarkets, with a broad consensus, recently demanded from the German Poultry Association (ZDG) to stop using GMO feed for both egg and poultry meat production, starting from January 1st 2015. That is the date when the retailers want to receive GMO-free fed products again, meaning poultry suppliers will have to rush to get their feed supply chains free from GMO feed once more.

German language source: www.db.zs-intern.de

Sep 03 05:08

Two Former Senators Are Helping a Russian Bank Fight U.S. Sanctions

When you're a Russian company trying to manage U.S. sanctions it helps to have friends in the right places. That's probably why Gazprombank, a Russian bank hit by sanctions earlier this year, named former U.S. senators Trent Lott and John Breaux as its lobbyists. The two were listed as the main lobbyists on the bank's account with the firm Squire Patton Boggs, according to a Friday filing reported by the Center for Public Integrity.

Sep 03 04:27

Millions of Americans Living in Extreme Poverty

In the United States, the official poverty rate for 2012 stood at 15 percent based on the national poverty line which is equivalent to around $16 per person per day. Of the 46.5 million Americans living in poverty, 20.4 million live under half the poverty line. This begs the question of just how poor America’s poorest people are.

Using an alternative dataset from the one employed for the official U.S. poverty measure, Shaefer and Edin show that millions of Americans live on less than $2 a day—a threshold commonly used to measure poverty in the developing world. Depending on the exact definitions used, they find that up to 5 percent of American households with children are shown to fall under this parsimonious poverty line.

Sep 02 23:45

Israeli warships open fire at fishermen off Gaza coast

Israeli forces opened fire at fishermen off the coast of the southern Gaza Strip on Tuesday, in apparent violation of the ceasefire agreement reached with Palestinian factions a week ago, fishermen said.

Palestinian fishermen told Ma'an that Israeli warships used machine guns to fire at their boats while they were sailing within the agreed-upon six-nautical-mile limit near Rafah.

Sep 02 19:33

SHOCK: 67% of U.S. Debt Held By Foreigners

Sep 02 18:39

IRS Wants To Tax Free Food

Sep 02 18:29

Will The Seven Year Cycle Crash The Economy?

Sep 02 17:39

Someone Behind the Curtain Buys…

Japan, Belgium, Luxembourg, Ireland, Norway, & Cayman Islands fill the Treasury breach with purchases of $527 billion (July til years end) . Interestingly, none of these nations likely had the foreign exchange reserves to make these purchases?!? Seems fair to say these nations were used as fronts for some other entity doing the purchasing.

Sep 02 17:28

The Seven Year Cycle Of Economic Crashes That Everyone Is Talking About

Large numbers of people believe that an economic crash is coming next year based on a seven year cycle of economic crashes that goes all the way back to the Great Depression. What I am about to share with you is very controversial. Some of you will love it, and some of you will think that it is utter rubbish.

Sep 02 16:51

Payday loan debt problems soar

THE number of people struggling to cope with payday loan debts has risen by more than 13,000 in the past year, figures show.

Debt charity StepChange said they dealt with 43,716 people in the first six months of this year, compared with 30,762 for the same period last year.

Sep 02 16:49

IMF warns Ukraine may need extra US$19b in aid

The International Monetary Fund warned on Tuesday (Sep 2) that economically-devastated Ukraine may need an extra US$19 billion (€14.5 billion) in assistance should it fail to quell its brutal pro-Kremlin uprising by the end of next year.

The global lender said it was releasing the second US$1.39-billion tranche of its US$17.1-billion lifeline despite "major uncertainties" and on the assumption that the ex-Soviet country's Western allies would be ready to pitch in with extra assistance if asked.

"We are assuming that the conflict will begin to subside in the coming months," the Fund's European Department head Poul Thomsen said in his first review of Kiev's compliance with its reform and recovery programme.

"But the balance of risks appear to be tilted to the downside. If this assumption does not hold ... the programmes' viability could hinge on larger assistance from Ukraine's international partners."

Sep 02 16:45

The Chart Obama Does Not Want Merkel To See

When does Europe draw its own red line around Obama's sanctions?

Sep 02 16:42

The Seven Year Cycle Of Economic Crashes That Everyone Is Talking About

Large numbers of people believe that an economic crash is coming next year based on a seven year cycle of economic crashes that goes all the way back to the Great Depression. What I am about to share with you is very controversial. Some of you will love it, and some of you will think that it is utter rubbish. I will just present this information and let you decide for yourself what you want to think about it. In my previous article entitled "If Economic Cycle Theorists Are Correct, 2015 To 2020 Will Be Pure Hell For The United States", I discussed many of the economic cycle theories that all seem to agree that we are on the verge of a major economic downturn in this country. But there is an economic cycle that I did not mention in that article that a lot of people are talking about right now. And if this cycle holds up once again in 2015, it will be really bad news for the U.S. economy.

Sep 02 15:51

The Morning After: What Happens When A Government Destroys Its Currency

Imagine this scene:

“Everyone in the country was in shock. People’s net worth had devalued more than 53% overnight.”

“The value in savings accounts dropped in half and neither merchants nor consumers knew how to react because they had never been through something like it before…”

This is how an American business executive described living through Mexico’s devaluation of the peso exactly 38 years ago on September 1, 1976.

Sep 02 15:34

When 4 Jobs Aren’t Enough: Why We Need a Living Wage

By all accounts, Maria Fernandes was a hard worker. A person would have to be, in order to keep up with four different jobs. It’s that hard work that killed the 32-year old-woman, according to news reports, as the exhausted low wage worker died of inhaling fumes while grabbing a short nap in her car between work shifts.

Sep 02 14:47

JIM WILLIE — Critical Geopolitical & Monetary Update: NATO is Falling Apart & Germany is Breaking Away From the U.S.

Dr. Jim Willie presents some important recent developments that bode ill for the dollar as Germany, France and other former allies and partners of the US are now aligning themselves with Russia, China and the BRICS bloc. Also, Willie’s source claims Blackwater mercenary group has been captured in Ukraine. “NATO is dead.”

Sep 02 14:40

Wall Street Admits That A Cyberattack Could Crash Our Banking System At Any Time

Wall Street banks are getting hit by cyber attacks every single minute of every single day. It is a massive onslaught that is not highly publicized because the bankers do not want to alarm the public. But as you will see below, one big Wall Street bank is spending 250 million dollars a year just by themselves to combat this growing problem.

Sep 02 13:45

Big Banks Fined Mega-Billions; CEOs Remain Untouched, Above the Law

Get arrested for robbing a bank or shoplifting and you will go to prison. Get caught selling cocaine or steal a car and you will do jail time. But if you are a CEO of one of the biggest banks in America and that bank is fined mega-billions for fraudulent practices you need not worry because the U.S. Justice Department will give you a free pass; you are, in effect, above the law.

Sep 02 13:11

Fed: US consumers have decided to ‘hoard money’

One of the great mysteries of the post-financial crisis world is why the U.S. has lacked inflation despite all the money being pumped into the economy. -- The St. Louis Federal Reserve thinks it has the answer: A paper the central bank branch published this week blames the low level of money movement in large part on consumers and their “willingness to hoard money.” The paper also cites the Fed’s own policies as a reason for consumers’ unwillingness to spend..

Sep 02 12:35

NATO summit: War or peace?

Twenty-five kilometers of fifteen-foot high, reinforced steel-mesh crowd proof fencing. 20,000 heavily armed, well equipped and dark-uniformed militia have started arriving daily. Military defense plans have been finalized. Already, adrenaline is in the air. There is a fight coming. Is this Gaza?

No. This is the NATO Summit. You, your civil rights, your quest for peace, and your demand for a return to real democracy and pursuit of happiness are not wanted here.

You do not matter!

Sep 02 12:01

Dem Perkins Coie Lawyer Cyrus Habib Dodges Questions in Washington 48th Dist. Senate Bid, Michelle Darnell Answers!

http://www.scribd.com/doc/238446808/Michelle-Darnell-Answers-Four-Toug...

In full disclosure I am listed as a team member for Michelle Darnell's campaign because she paid me $250 to make her first 3 videos. I haven't been paid a dime since then yet I continue to document what I am seeing in this race because I feel like it and I have just enough of my own money and time to do so. I am not part of the control group and I make no decisions on policy or any of that. I am just the guy with the camera, documenting Ms. Darnell and Mr. Habib.

*********

Why is Cyrus Habib hiding? Isn't Transparency the hallmark of the Democratic Party?

Sep 02 11:41

Report says inequality is elitist ‘social engineering’

Inequality in Britain is so structured that it could be called “social engineering”, according to a new report.

The Social Mobility and Child Poverty Commission study looked at the people “running Britain”.

It said that those at the top are overwhelmingly educated at public schools and went to Oxford or Cambridge universities.

The most detailed study of its kind looked at over 4,000 people in top jobs in areas such as government, the judiciary, business and the media.

Sep 02 11:31

Foreign Ownership of U.S. Government Debt Passes $6 Trillion

For the first time in the nation’s history, foreign interests now own more than $6 trillion in U.S. government debt, according to the most recent Treasury Department report on major foreign holders of the debt, which includes the numbers through the end of June.

Sep 02 10:54

Former DOT Motor Carrier Investigator/Federal Inspector Decries "Rouge Officers" Engaged In "Abuse of Power"

A former New York Department of Transportation (DOT) Motor Carrier Investigator and Federal Level Three Commercial Truck Inspector is "astonished to hear stories of how local law enforcement officers routinely wake up interstate drivers who are engaged in Federally-mandated rest under the Hours of Service (HOS) section." James P. Lamb, Chairman of the Small Business in Transportation Coalition (SBTC) [smalltransportation.org] is calling on law enforcement agencies to practice community oriented policing, and calling for "rogue law enforcement officers" who willingly violate people's rights to be "held accountable for such violations as matters of law and justice."

Sep 02 10:01

FLASHBACK - Venezuela quiting the IMF and World Bank

Venezuelan President Hugo Chavez announced on Monday that his country had decided to withdraw from the International Monetary Fund (IMF) and the World Bank.

Chavez made the announcement at an event to celebrate workers’ rights.

Webmaster's Commentary: 

And that was when Hugo Chavez (and all of Venezuela) made the Special High Interest Targets list, because private central banks cannot allow any nation to operate free from their predations or it sets a bad example for the other slaves!!

Sep 02 09:25

African Bank Probed by Central Bank Following Collapse

African Bank Investments Ltd. (ABL), the South African unsecured lender which collapsed last month after mounting losses, will be investigated by the central bank for evidence of fraud, reckless lending and lack of disclosure.

Sep 02 08:58

Afghanistan's economy is on the verge of a collapse

Power vacuum looms over Afghanistan as UN delays the date for announcing the result of presidential elections to mid-September despite Karzai's plans to leave office next week. Afghan President Hamid Karzai, who came to power after the US-led invasion that toppled the Taliban in 2001, has set a deadline for a new president to take office, but a clear winner has yet to emerge after two rounds of voting. If this happens the country will be literally headless. But during this time of crisis when country's economy is crumbling and a strong leadership is required for drawing down a plan to save Afghan economy from going into deep depression.

People are hoarding their money out of fears of having to flee the country as they fear outbreak of a civil war which gored Afghanistan 1992. This all is because of the political impasse that stares large on the Afghans.

Webmaster's Commentary: 

So, all the US/NATO invasion and occupation has done has been to destroy what little infrastructure there was, and make opium production Afghanistan's top crop of choice.

Just brilliant.

Sep 02 08:54

Inflation Pressures in Core Food Components

This is what rampant QE gets us. I guess the 99% will all be forced into primarily vegetarian dieting...

Sep 02 08:46

Nato Plans 'Spearhead' Force To Face Russia

Nato is set to create a high-readiness force and stockpile military equipment in Eastern Europe as a bulwark against potential Russian aggression, the alliance's chief has said.

Secretary General Anders Fogh Rasmussen said the proposed new force could be comprised of several thousand troops contributed to on a rotating basis by the 28 Nato countries.

Backed by air and naval assets, he said the unit would be a spearhead that could be deployed at very short notice to help Nato members defend themselves against any threat, including from Russia.

Nato leaders are to consider the plans at a summit this week in Wales that is likely to be dominated by how the US-led alliance should respond to the Russian-backed separatist uprising in eastern Ukraine.

Ukraine is not a member of Nato, but its UK ambassador told Sky News he backed the move and appealed for Ukraine's allies to step up sanctions and provide military help now.

Webmaster's Commentary: 

The behaviour on the part of NATO, considering that Ukraine is not a part of NATO at this time, can only be characterized as very odd, in light of the fact that they are hyping the formation of a RRF (rapid reaction force)to come to Ukraine's aid against alleged Russian "aggression", when Russia has not been aggressive against Ukraine in the slightest, and that is what OCSE reports on the border have consistently indicated.

It appears that NATO and the US have decided to curtail Russia's economic growth with a war, and Ukraine is simply the excuse.

But were I Poroshenko, I would hesitate to necessarily hitch my geopolitical/economic/military wagon to NATO and the West.

IF past is prologue, he may want to examine the absolute flustercluck NATO and the US have created in Afghanistan, 13 years on, and wonder - very seriously - if what he has done will ultimately have been the right move for the future of his people.

Please, if you have already not done this, now is the time to take care of yourselves and those you care about. Get storable food, water, extra medications, and figure out how you will defend your home in a way with which you are both comfortable and educated.

Something wicked this way comes, and although I don't want to come across as Mrs. Chicken Little of Hawaii, 2014, preparation right now is critical.

I am very concerned about what I see as the US government marching to war against Russia. And unfortunately, just because an idea is the most ham-fistedly, pig-headedly stupid thing this government could possibly do right now, is absolutely no guarantee that they won't do it, and most probably before the mid-term elections....if, in fact, they are held, and we do not see a decree of martial law, to crush dissent against it.

Sep 02 08:23

The U.S. Is Now a ‘Third World’ Country

4.3% of Americans Survive on Less than $2/Day –

That’s Considered Poor in Even the Poorest Lands

Slightly more than one American household with children in every 25 is surviving on less than $2 per day of income from all sources. One quarter of that 4.3% (that’s 1% of all Americans with children) receive less than $1.25 per day. One third (that’s about 1.33% of all Americans) receive between $1.25 and $2. Another third of that 4.3% receive enough government benefits to be living on between $1.25 and $2 a day. A tiny 0.1% of that 4.3% are even surviving somehow on “Negative income & benefits.”

Sep 02 08:21

Not just Argentina: Other nations in debt doldrums

Argentina's lengthy debt saga returned to the spotlight last week, with its second default in only 12 years triggering George Soros and other investors to sue Bank of New York Mellon for withholding interest payments.

This came after Argentina refused to comply with a U.S. legal ruling ordering it to repay $1.3 billion to creditors, triggering a selective default. Moody's Investors Service downgraded its outlook for the country's debt to "negative" at the end of July and confirmed its long-term credit rating at "Caa1"—meaning it views Argentine debt as a highly risky investment at the precarious end of the "junk bond" spectrum.

Argentina is, nonetheless, only one of several countries whose shaky finances leave them on the brink of being unable to repay their obligations. Moody's currently rates 10 other countries' debt as equally or even more risky than that of Argentina. These span the globe, from nearby by Venezuela and Ecuador to Pakistan and Greece.

Webmaster's Commentary: 

In the list that is shown, one interesting factor is that the United States, which is at least 18 trillion dollars in debt (that we know of) is not listed as a country with an economy in deep trouble.

Sep 02 08:07

Even the Council on Foreign Relations Is Saying It: Time to Rain Money on Main Street

When an article appears in Foreign Affairs, the mouthpiece of the policy-setting Council on Foreign Relations, recommending that the Federal Reserve do a money drop directly on the 99%, you know the central bank must be down to its last bullet.

Webmaster's Commentary: 

Sep 02 07:38

Labor’s Demise is America’s Demise

Labor Day is a holiday that has outlived its time. Like Christmas, Labor Day has become a time-out period. As Christmas has become a shopping spree, Labor Day has become the last summer holiday.

Sep 02 07:28

Student debt becoming a larger albatross for economic growth: $1.2 trillion in student debt is outstanding and many college graduates working in jobs that don’t require their degree.

There was a time when going to college made sense in every feasible way. It made sense professionally, economically, and many college graduates have a wonderful time in the process of completing their degrees. Most would argue that learning is vital in growing and moving forward. Yet students need to ask whether their return on investment is really worth it? Many people go to college in a compulsory fashion. This is simply the next step after high school. This was an easy decision to make during a time when the costs of going to college were affordable. Today, many schools charge $40,000 and $50,000 per year for a basic undergraduate degree. That is problematic. A large number of recent graduates are now working in positions that don’t require their specific field of study. In other words, they are employed in a field different from their undergraduate degree but still carry forward with mounds of debt.

Sep 02 07:18

The DSKing Of Christine Lagarde: IMF Head Formally Charged In Fraud Probe

A day after France revealed its new government, the person who so eagerly stepped in after DSK's infamous and choreographed fall from grace and the IMF presidency (not to mention his derailed French presidential ambitions, greenlighting Hollande as what would become the worst French president ever), Christine Lagarde is about to be DSKed herself after "someone" clearly has set their sights on the former French finance minister.

Sep 02 07:13

Burger King and Corporate Tax Rates and Revenues

Canada is apparently becoming an attractive place to do business. This week Burger King announced plans to move its headquarters to Canada, via a merger with Tim Hortons. Other U.S. companies that have recently moved or announced plans to move to Canada include Bausch and Lomb, Allergan, and Auxilium. A Bloomberg analysis indicates Tim Hortons was once a U.S. company, until it inverted to Canada in 2009.

Part of the attraction is the substantial tax reforms that occurred over the last 15 years in Canada. First among these is the dramatic reduction in the corporate tax rate, from 43 percent in 2000 to 26 percent today. The U.S. currently has a corporate tax rate of 39 percent, but lawmakers are reluctant to do what Canada did, i.e. lower the tax rate, for fear of losing tax revenue.

Webmaster's Commentary: 

Corporations and individuals will eventually be driven from a high tax government to a lower tax government, especially when the high tax government provides so little in return for the vast sums of cash it demands, choosing support for Wall Street, endless wars, and support for Israel over good roads and other infrastructure essential to business.

Sep 02 07:11

Los Angeles Mayor Proposes $13.25 an Hour Minimum Wage

Los Angeles, the second-largest U.S. city by population, would boost its minimum wage to $13.25 an hour by 2017, almost twice the current federal regulation, under a proposal by Mayor Eric Garcetti.

Sep 02 06:59

China, Zimbabwe ink slew of cooperation deals

China and Zimbabwe have inked several cooperation agreements on finance, agriculture and tourism during a state visit by Zimbabwe President Robert Mugabe.

In a snub to Western nations who have imposed sanctions on leaders in the country, including Mugabe himself, China said the world must respect Zimbabwe’s sovereignty.

Webmaster's Commentary: 

Zimbabwe just made the Special High Interest Targets list!

Sep 02 06:48

Billionaire threatens charity donations if Pope continues support for the poor

Billionaire Ken Langone, the founder of Home Depot issued a warning to Pope Francis during an interview with CNBC which was published this past Monday. In the interview he said that wealthy people such as himself are feeling ostracized by the Pope’s messages in support of the poor, and might stop giving to charity if the Pope continues to make statements criticizing capitalism and income inequality.

Webmaster's Commentary: 

"Your job is to make the poor happy with being poor. 'Meek shall inherit the Earth' and all that!" -- Money Junkies

Sep 02 06:37

Cantor Jumps to Wall Street After Stinging Primary Defeat

Former House Majority Leader Eric Cantor will join investment bank Moelis & Co. as vice chairman and managing director, the company said, adding that Cantor will also be elected to its board.

Sep 02 06:37

Totalitarian Collectivism

The New World Order has been in place for centuries. Is it not time to start calling the NWO by another name? A descriptive term that encapsulates the essence of the beast would be a Nefarious Warrior Organism. Such a phrase strips away the ridiculous notion that there is any order in the malevolent organization of the parasitic global structure, based upon perpetual and permanent warfare. This depiction more closely resembles reality, even if the master mass media refuses to acknowledge How the World Really Works. Discard any condemnation that criticism of the established order rests upon conspiratorial fantasy or pre-medieval prejudices. Explaining away or ignoring basic human nature in a "PC" culture ultimately requires the adoption of a depraved Totalitarian Collectivism system. - See more at: http://www.batr.org/totalitariancollectivism/090114.html#sthash.yP2udA...

Sep 02 06:29

“Russia Invades Ukraine”, Strategic NATO Public Relations Stunt. Where Are The Russian Tanks?

Read the London tabloids. Russia has launched “a full-scale invasion”. A vast propaganda campaign has been launched. Where is the evidence?

The media is spreading “fake evidence” in the week leading up to the Wales NATO Summit.

The objective is to herald Russia as the aggressor.

Sep 02 06:23

Estimates: State management of federal lands could cost Montana $500M

Determining the cost to the state of Montana to take over management of roughly 25 million acres of federal land within its borders is no easy task, but a back-of-the-envelope calculation puts such a deal at close to half a billion dollars.

“There’s a whole new sector of land management that would be needed to manage public lands,” said John Grassy, information officer for the Montana Department of Natural Resources and Conservation. “We’re being asked to project how we would staff and program an additional 25 million acres. It’s something we’ve never done before.”

Despite the difficulties, the DNRC is still trying to come up with some figures, possibly by this fall.

Gov. Steve Bullock has made it clear that he does not endorse a takeover of federal lands in Montana, calling such public property the birthright of state residents. But the Montana Republican Party in June endorsed such a move, including it as one of the planks of its platform.

Sep 02 06:18

Cameron: we will permanently damage Russia's economy

David Cameron has vowed to “turn the ratchet” on Vladimir Putin, as he warned Western sanctions would “permanently” damage the Russian economy.

Moscow banks are running short of funding as investors pull capital out the country, while the rouble and the Russian stock market are falling, the Prime Minister said.

He was speaking ahead of a Nato summit in Wales which will discuss Ukrainian membership of the military alliance.

Sep 02 06:12

Russia has 'severed' partnership with Europe, says Germany

Russia has "effectively severed its partnership" with Europe and wants to establish a new order, German President Joachim Gauck said on Monday (Sep 1).

Webmaster's Commentary: 

Frankly, the overthrow of Ukraine followed by the economic sanctions is what ended the partnership, and nobody is buying that any of this is the fault of Russia!

Sep 02 06:11

The Beginning of World Shift

Anglo-Saxon agression against Russia is taking the form of financial and economic warfare. However, Moscow is preparing for armed hostilities by developing its agricultural self-sufficency and multiplying its alliances. For Thierry Meyssan, after the creation of the caliphate in the Levant, Washington would lay down a new card in September in St. Petersburg. The ability of Russia to maintain its internal stability will determine the course of events.

Sep 02 06:09

Jim WIllie: Saudi's are on the verge of joining Russia in non-dollar oil sales

Last week, Russia announced an game changing shift for energy in which they are now allowing the sale of oil and natural gas to be done in both Roubles and Yuan, bypassing the dollar and cracking the 40 year old petro-dollar system. And on Aug. 31, Dr. Jim Willie reported during an interview with TFMetals Report that this break away from U.S. hegemony over the purchasing of oil is not being limited to just Russia, but that the foundational country of petro-dollar origin, Saudi Arabia, is in talks with the Eurasian energy giant to join them in a partnership that will also disconnect the Arab Kingdom from the dollar, and open energy sales within the OPEC nations to be done in Roubles, Yuan, and perhaps even the Euro.

Sep 02 06:05

The Underbelly of Corporate America: Insider Selling, Stock Buy-Backs, Dodgy Profits

"I’m occupying a vantage point that allows me to see what is going on inside the top Fortune 50 companies. I have never seen such rot before. Of the 50, at least 30 have debt at 120% of cash. Most have cut capex, R&D and maintenance by 80%. Most have been borrowing money to do stock buy-backs, while simultaneously selling off business units and doing layoffs.

Sep 02 05:55

Veterans Administration blew $2.2 million for broken St. Cloud wind turbine

A broken wind turbine at a Department of Veterans Affairs facility in St. Cloud is an expensive example of a renewable energy push at the V.A. that's gone awry across the country.

The St. Cloud Timesreports that the VA system has spent $3.7 million on four wind-energy projects around the country, including $2.2 million at the St. Cloud VA Health Care System. But only one (in Connecticut) has worked properly. The others have fallen short for various reasons. The 600-kilowatt St. Cloud turbine, installed by India-based Elecon Turbowinds, hasn't worked for two years.

Sep 02 05:52

Putin adviser: Transition to new global economy will require war

“The world today is going through a year of overlapping cyclical crises. This is a period when the global economy is changing as the structure that has driven economic growth for 30 years has exhausted itself. The world needs to transition to a new system and transition has always come about through war…

The last elections to the European Parliament showed that all European citizens are not fooled by the false pro-American, anti-Russian propaganda… and by the constant stream of lies

In order to avoid the constant threat of foreign asset confiscation, we need to build our own sovereign monetary macro-economic policy.” – Sergei Glazyov

Sep 02 05:34

In the hole: Minnesota residents, businesses charged monthly fee to fix city streets

DULUTH, Minn. — You quickly get a clue about the scope of Duluth’s street repair problem by logging onto the city website.

People who click on the “Duluth Progress” tab to view a list of street-improvement projects soon run into a dead-end link. A “404” error message pops up on the face of a “Do Not Enter” wrong-way sign — at the time of this writing, Friday afternoon.

No wonder many Duluth taxpayers have communicated their own “404” error message to the city over a new street improvement fee on August utility bills.

The street fund joins water, sewer, storm water and street lights and other utility fees that can total nearly $50 a month — on top of residents’ property taxes

Sep 01 08:42

NATO Membership For Ukraine – Another Move On The Grand Chessboard

As the geopolitical tug of war continues to take place over the ravaged country of Ukraine, both sides of the conflict – NATO and Russia – have begun taking steps toward a more solidified structure of alliances that will no doubt have massive reverberations across the world and possibly lead to direct confrontation between nuclear powers.

Indeed, as further evidence that the Western NATO bloc desires an ultimate conflict with Russia and the BRICS powers, NATO Secretary General Anders Fogh Rasmussen has indicated that Ukraine is firmly on the path to become an eventual member of the NATO alliance.

Simultaneously, West Ukrainian Prime Minister Arseny Yatseniyuk submitted a bill to the Ukrainian Verkhovna Rada that would cancel Ukraine’s “non-aligned” status and restart Ukraine’s official attempt to become a member of NATO.

Webmaster's Commentary: 

Yatseniyuk and Poroshenko have an industrial-strength problem here, and that is one of timing.

The next NATO General Assembly happens this Thursday and Friday in Cardiff, Wales, and NATO has not indicated that it will be adding new members at this time. They may have an emergency consultation after that to bring Ukraine in, but NATO leadership understands that Ukraine has really nothing to give NATO, save for a potential military confrontation with Russia, and because of the effect of existing sanctions against Russia (which may result in a potential turn off of gas which Europe desperately needs), may be very hesitant to accept Ukraine as a member.

Ukraine is dead broke, and in arrears on its payment to GAZPROM, the Russian energy company from which it gets the majority of its energy.

Ukraine may well balkanize, due to its financial problems, long before NATO deliberations on its membership have come to fruition, at which time the issue will become moot, and such a balkanization will put Russia in the ascendency once again.

Sep 01 08:02

The U.S. Is Now a ‘Third World’ Country

The measure of “extreme poverty” used here is based on one of the World Bank’s key indicators of global poverty: $2 per person, per day. Tellingly, the World Bank does not release official estimates for the United States for this metric because it is meant to capture poverty based on “the standards of the poorest countries.” … Living below this metric is widely considered to be a marker of extreme destitution, which is assumed to be very uncommon among wealthy nations.

They further explain:

Households are counted as being in extreme poverty if they report $2 dollars or less per person, per day in total household income in a given month (approximated as $60 per person, per month in 2011 dollars). … The official poverty line for a family of three would equate to roughly $17.00 per person, per day, averaged over a year, so our measure is roughly 13 percent of the official poverty line.

Webmaster's Commentary: 

Please remember; whenever Obama spouts off about an "economic recovery", he is only talking about the 1 percenters and the banks, and that is it.

Sep 01 06:54

Bloomberg Primes the Pump of the Deflationary Dialectic

Bloomberg offers two editorials on Europe that tell us economic growth is not going well. The one above speaks to the issue of Mario Draghi's lack of courage in terms of implementing a program of aggressive money printing.

The other one, which we excerpt below, is a kind of call to arms by Bloomberg itself – via its editorial staff – demanding that Europe's leaders scrap the fiscal pact negotiated in 2012 that mandates certain austerity measures.

Taken together, they seem to be indicating a certain level of distress, and yet there are other ways to regard this double-barreled explosion of concern over the EU's still-eroding economic condition.

Webmaster's Commentary: 

So, let's make things worse with a pointless sanctions war with Russia!

Sep 01 06:45

Persistent Unemployment Still A Major Problem In The U.S.

While the mainstream media in the U.S. is desperately trying to sell the false narrative that the national economy is “on the rise” again, Iran’s PressTV is more willing to tell us the red pill truth. The fact of the matter is things are really bad, and we are not going through some sort of Cinderella story of economic redemption.

New data shows there is a persistent unemployment problem in the United States. In fact, the number of people relying on the government for food or housing assistance is still at record levels. For those that do have a job, more Americans than ever are dealing with the sobering reality of earning the minimum wage.

Aug 31 17:15

ON LABOUR DAY, AND EVERY OTHER DAY, LOOK FOR THE UNION LABEL

Labor Day has arrived, and families across the country will be getting their backyards ready for barbecues. In progressive circles, a familiar message is making the rounds: Buy union. Make sure your grill is a Weber or Thermador, made by union hands. Eat Butterball and Hebrew National franks. A list of brands has been circulating on social media sites with the goal of urging pro-labor consumers to support members of the Bakery, Confectionary, Tobacco Workers and Grain Millers International Union, the United Food and Commercial Workers, and other food sector and manufacturing unions.

Aug 31 09:20

Ecuador to replace the US dollar with its own digital currency

Ecuador is planning to create the world’s first digital currency issued by the country’s central bank, in what is seen by many as a step to abandon the US dollar, the currency now used by the Central American country.

The currency is expected to start circulating in December, according to the country’s Central Bank.

The technical details or the name of the currency have not been revealed, although the officials stated that it would not be a crypto-currency like Bitcoin.

The new currency is expected to co-exist with the US dollar, the current official money Ecuador uses, and will be channeled for 2.8 million people in the country – 40 per cent of the participants in the economy – who are too poor to afford the usual banking.

Use of the currency will be voluntary, and it will not be used to pay the state employees.

It will be possible to make and get payments via cellphones, Central Bank’s deputy director Gustavo Solorzano told AP.

Webmaster's Commentary: 

"The Ecuadorian government is poised to do WHAT?!?!?

INVADE NOW!!!!" Official Federal Reserve Souse.

Aug 31 09:01

The Economics Of Perpetual War

Art of War actually states that “no country has ever profited from protracted warfare,” and cautions generals to “fight under Heaven with the paramount aim of ‘preservation.’” Yet as far back as we have historical records, these sorts of ideas have fallen on deaf ears among governments and military organizations alike.

Webmaster's Commentary: 

The only people who profit from wars are the bankers who create money out of thin air then loan it to the warring parties at ruinous interest!

Aug 31 08:58

French President Says "There Is Risk Of War" As Europe Plans Additional Russia Sanctions

For months Europe had thought that mere verbal (and hollow) threats, populist posturing and propaganda would be enough to force Russia's Putin to back off and withdraw from the endless Ukraine escalation, into a Kremlin cocoon with his tail between his legs. What they didn't anticipate was that Putin would in no way back down (as that would be seen as defeat and weakness by his numerous internal foes), nor would have have to: with Russia providing a third of European gas and with winter approaching, Russia had all the trumps cards from day one.

Aug 30 09:18

Dunkin' Donuts Worker's Death Reveals The True Cost Of Our Low-Wage, Part-Time Economy

A New Jersey woman died earlier this week trying to catch a few hours of sleep between jobs, a chilling reminder of the struggle low-wage workers, particularly women, face making ends meet.

Police found Maria Fernandes dead in her car on Monday night, parked in a convenience-store parking lot in Elizabeth, N.J., according to a police press release. Fernandes, 32, was wearing a Dunkin’ Donuts uniform when she was found. A friend and fellow employees told officials she worked as many as four jobs, said Lt. Daniel Saulnier, a spokesman for the Elizabeth police department.

Webmaster's Commentary: 

Did no one at any of her jobs understand how extremely dangerous and difficult her situation was?!? And working 4 jobs, just to survive, when did THAT become corporate America's answer to the "American Dream"?!?

Was there not any family willing to help out?!? Where was just a touch of love and humanity for this woman which could have saved her?!?

I am sure none of the executives of Dunkin' Donuts are losing any sleep over this incident; this woman's death was simply collateral damage, and she was completely expendible; after all, there will be hundreds of others clamoring to get her job, right?!?

Corporations by definition have no morals whatsoever, and are simply obligated to provide profits for shareholders, period, end of discussion.

Aug 30 08:54

Permanent temps: What your life as an ‘elderly migrant’ worker will be like when you can’t retire

Jessica Bruder: Though no one keeps an official tally of how many older Americans are doing this kind of work, their ranks appear to be growing rapidly in the wake of the housing bust and market crashes.

Amazon first hired a handful of migrant full-time RVers in 2008 through a program the company later named “CamperForce.” As of 2014, it had expanded to employ some 2,000 workers, according to a recruiter I met in Quartzsite, Arizona. The American Crystal Sugar Company taps the same labor pool each fall to staff its annual sugar beet harvest, and their recruitment numbers are up, too. This year, they’re hoping to recruit 600 “workampers,” up from 450 the year before.

LP: What’s the gender breakdown among these traveling workers? What kinds of work are men and women doing?

Webmaster's Commentary: 

Absoflippinglutely unbelievable.

At a time when people should be enjoying at least some leisure, far too many Americans are working like slaves at rock bottom wages.

What is wrong with this?!?

EVERYTHING.

Aug 29 10:19

Poverty Capitalism in 2014 – Introducing Private Probation Companies

As N.P.R. reported in May, services that “were once free, including those that are constitutionally required,” are now frequently billed to offenders: the cost of a public defender, room and board when jailed, probation and parole supervision, electronic monitoring devices, arrest warrants, drug and alcohol testing, and D.N.A. sampling. This can go to extraordinary lengths: in Washington state, N.P.R. found, offenders even “get charged a fee for a jury trial — with a 12-person jury costing $250, twice the fee for a six-person jury.”

Webmaster's Commentary: 

In Sweden, they are emptying their prisons, because the sole focus is rehabilitation, and that approach is working close to perfectly.

But in the US, the prison-industrial complex is about profit, rather than rehabilitation, so the process - and profits - grind on. Talk about the inhumanity!!

Aug 29 09:54

How The US Militarizes The World’s Police, Not Just Ferguson’s

Since then, the world has watched the streets of Ferguson turn into a battleground, as heavily armed police officers fired tear gas, shot rubber bullets and pointed guns at protesters denouncing Brown’s killing.

“Solidarity with Ferguson,” tweeted Mariam Barghouti from Palestine. “Remember to not touch your face when tear gassed or put water on it. Instead use milk or coke.”

Numerous people — domestic and abroad — have expressed outrage at the militaristic response of local police against protesters, journalists, and people of color.

“Urban Shield plays a leading role in the globalization of repression.”

Since the protests erupted earlier this month, many have called into question the US Defense Department’s 1033 program, which allows surplus military equipment to be transferred to local police departments for counter-narcotics and counter-terrorism operations.

Webmaster's Commentary: 

Ultimately, the only way "security" is created is through meaningful work, at decent wages, coupled with lifetime education, and money which is created as a public utility, not a loan at interest upon its issuance.

Any other way, which consistently favors suppression as a way of snuffing out dissent, is ultimately doomed to failure.

Aug 29 09:11

BDS GAINING MOMENTUM IN EUROPE

The war in Gaza and its aftermath have inflamed opinion in Europe and, experts and analysts say, are likely to increase support for the movement to boycott, disinvest from and sanction Israel, known as BDS.

Aug 29 06:01

Why Americans Are So Sensitive To Even The Smallest Increase In Prices

In the last year, even the 'smartest men in the room' PhDs with advanced degrees have seen their wages shrink, according to a new study by the Economic Policy Institute. As The WSJ notes, inflation has been low by most measures in recent years, but wage growth for the majority of workers has been even lower.

Aug 27 12:58

Do not use Safety Deposit Boxes

According to in-house memos now circulating, the DHS has issued orders to banks across America which announce to them that “under the Patriot Act” the DHS has the absolute right to seize, without any warrant whatsoever, any and all customer bank accounts, to make “periodic and unannounced” visits to any bank to open and inspect the contents of “selected safe deposit boxes.”

Further, the DHS “shall, at the discretion of the agent supervising the search, remove, photograph or seize as evidence” any of the following items “bar gold, gold coins, firearms of any kind unless manufactured prior to 1878, documents such as passports or foreign bank account records, pornography or any material that, in the opinion of the agent, shall be deemed of to be of a contraband nature.”

Aug 27 09:33

US Surveillance Flights A Step Toward Expanding War Into Syria

Officials confirmed the move toward surveillance flights over ISIS targets in Syria, leaving somewhat open the question of when the US is going to start launching airstrikes against targets inside Syria, expanding the Iraq War across the border.

Yet it’s not really a question of if, but when, as the surveillance flights are clearly the first step toward such attacks. The primary question is how to start launching such attacks without Syrian coordination, since officials want to avoid the appearance of cooperating with Syria.

The questions abound about expanding the war into Syria and are mostly unanswered, with Gen. Dempsey pushing the attacks, and the US already giving targeting intel to Syria’s government for the ISIS war.

Webmaster's Commentary: 

The real reason the US government is going into Syria, and back into Iraq, is that with ISIS controlling so much of the oil (at 2 to 3 million dollars of revenue per day), the oil is not being sold in US dollars, but other denominations.

This is about wrestling back economic control of the oil, and the currency in which is is sold.

Aug 27 09:07

Russia’s Gazprom Neft to Sell Oil for Rubles, Yuan

The Russian oil company Gazprom Neft has agreed to export 80,000 tons of oil from Novoportovskoye field in the Arctic; it will accept payment in rubles, and will also deliver oil via the Eastern Siberia-Pacific Ocean pipeline (ESPO), accepting payment in Chinese yuan for the transfers, the Russian business daily Kommersant reported Wednesday.

The Russian government and several of the country’s largest exporters have widely discussed the possibility of accepting payments in rubles for oil exports.

Last week, Russia began to ship oil from the Novoportovskoye field to Europe by sea. Two oil tankers are expected to arrive in Europe in September. According to Kommersant, the payment for these shipments will be received in rubles.

Gazprom Neft will not only accept payments in rubles; subsequent transfers via the ESPO may be paid for in yuan, the newspaper reported.

According to the newspaper, the change in currency was made because of the Western sanctions against Russia.

Webmaster's Commentary: 

And please note that the US dollar has been neatly expunged from any of these transactions!!

Aug 27 08:46

Western sanctions push Russia, China closer; hurt dollar

y forcing Russia to conduct more business in the yuan and other Asian currencies, the U.S. may be speeding up the end of the petrodollar and giving China more prominence on the world stage.

As the West tightens financial sanctions against Russia over the conflict in Ukraine, Russian businesses are reducing their exposure to the dollar to minimize the damage from still tougher punishments. Many of these businesses have turned to the Hong Kong dollar as an alternative to the greenback.

Russian mobile phone carrier MegaFon said it will convert 40% of its dollar- and euro-denominated cash reserves into Hong Kong dollars.

Major nonferrous metal producer Norilsk Nickel has also decided to shift its U.S. dollar funds into the Hong Kong dollar.

Webmaster's Commentary: 

It has become painfully obvious that a major, mandatory prerequisite for working for this Administration is the pathological inability to think things through to their logical conclusion.

I am having an industrial strength, palm to forehead moment, at velocity, upon reading this!!

Aug 27 08:41

Ten more countries that may default on debt after Argentina

Argentina defaulted for the second time in 12 years after hopes for a midnight deal with holdout creditors were dashed, setting up stock and bond prices for declines on Thursday and raising chances a recession could worsen this year.

After a long legal battle with hedge funds that rejected Argentina’s debt restructuring following its 2002 default, Latin America’s third-biggest economy failed to strike a deal in time to meet a midnight deadline for a coupon payment on exchange bonds.

Even a short default will raise companies’ borrowing costs, pile more pressure on the peso, drain dwindling foreign reserves and fuel one of the world’s highest inflation rates.

However, Argentina is not the only country that has struggled to pay its debt recently. There are 10 other countries currently on Moody’s lists with a rating of Caa1 or worse, meaning they are at risk of default.

Webmaster's Commentary: 

IT is amazing that the United States is not on this list, as the economy is very shaky, no matter how the stock market looks right now, and the value of the US dollar is under siege through consistent "qualitative easing" by the Fed.

Aug 27 06:59

Will Republicans Block Action On Corporations Abandoning The U.S.?

There is legislation before Congress to do something about corporations renouncing their US "citizenship." The odds are that Republicans will block it -- and not just because they have obstructed everything else.

There is a wave of news about corporations using a technicality called an "inversion" to renounce their US "citizenship." An inversion is when a US company buys or merges with a non-US company, and then pretends it is no longer a US company. Today it's Burger King. Not long ago it was Walgreens.

Keep Same Executives, Employees, Facilities And Customers

Aug 27 06:56

European Parliament Fails to Calculate Impact of Sanctions Prior to Implementation

The European Parliament did not conduct any of its own official studies on the impact of its sanctions against Russia prior to their implementation or to this day, said Director-General of the European Parliamentary Research Service (EPRS) Anthony Teasdale and Secretary-General of the European Parliament (EP) Klaus Welle on Tuesday.

“On sanctions, no we have not, in the European Parliament Research Service, done any analysis on the financial implications,” said Teasdale in response to a question from RIA Novosti at a Wilson Center event on EU economic integration.

He said there had been no requests from parliamentary committees, noting that “the committees have not been meeting for the last three or four months, because we’ve been having European elections.”

Aug 27 06:41

IMF chief Christine Lagarde under investigation in France

Christine Lagarde, the chief of the International Monetary Fund, was placed under official investigation Wednesday for negligence in a French corruption probe that dates back to her days as France’s finance minister.

In a statement after a fourth round of questioning before magistrates, Lagarde said she would return to her work in Washington later in the day and said the decision was “without basis.”

She and her former chief of staff face questions about their role in a 400 million-euro ($531 million) payment to a businessman.

Aug 26 10:29

Detroit to send crews for water service shutoff today as moratorium ends

Detroit says the last of a series of "water fairs" has helped at least 1,300 residents avoid having their taps run dry as a shutoff moratorium ends.

Monday marked the end of the water shutoff moratorium, and the Detroit Water and Sewerage Department was expected to send crews out Tuesday to turn off service to customers who owe money and haven't made a payment arrangement.

Webmaster's Commentary: 

US aid to Israel; at least three billion a year!

US aid to Detroit; ZERO, ZIP, NADA!

Aug 26 08:51

What economic recovery?

Would you stand in line, for hours, in 91°F temp under the scorching sun, for a box of free food?

More than a thousand people in Miami did just that on Friday, Aug. 22.

Aug 26 08:46

Russia to Protect National Interests if West Imposes New Sanctions – Lavrov

Russia will do everything possible to protect its legitimate interests and national security if the West decides on new sanctions, but prefers to stay away from the “road of escalation”, Russian Foreign Minister Sergei Lavrov said.

Webmaster's Commentary: 

"Escalation is what we DO!" -- Official White Horse Souse

Aug 26 08:37

Colonization by Bankruptcy: The High-stakes Chess Match for Argentina

Argentina is playing hardball with the vulture funds, which have been trying to force it into an involuntary bankruptcy. The vultures are demanding what amounts to a 600% return on bonds bought for pennies on the dollar, defeating a 2005 settlement in which 92% of creditors agreed to accept a 70% haircut on their bonds. A US court has backed the vulture funds; but last week, Argentina sidestepped its jurisdiction by transferring the trustee for payment from Bank of New York Mellon to its own central bank. That play, if approved by the Argentine Congress, will allow the country to continue making payments under its 2005 settlement, avoiding default on the majority of its bonds.

Aug 26 08:36

Outrage as Burger King eyes move to Canada over taxes

What Burger King is trying to do here is called " corporate inversion". This means a U.S. Corporation buys a foreign company and relocates its headquarters to their country and avoids the crippling Corporate tax rate in the U.S. It's 35% here while in the rest of the world it's about averaging 20% (Ireland is 15%). This saves billions of dollars in taxes for them.

Webmaster's Commentary: 

When you have a private central bank, debt always grows faster than the money with which to pay that debt, until the accumulated debt forces the government into higher taxation and lower spending on infrastructure needed to support business, until companies and individuals are left with no choice but to relocate to more attractive locations. Burger King is not the villain here. The villain is the US Government which 100 years ago sold the American people back into the slavery of the very same system of predatory banking we fought a revolution to break free of, and for that last 100 years refusing to do anything about it, even as the obvious danger signs flashed before their eyes.

Aug 26 08:25

Top general: Islamic State extremists will ‘soon’ pose a threat to the United States

The US military’s top general believes Islamic State extremists will “soon” pose a threat to America and Europe and that an international coalition will be needed to confront it, his spokesman said Monday.

US commanders are preparing possible “options” to counter IS jihadists both in Iraq as well as Syria, according to General Martin Dempsey’s spokesman, Colonel Ed Thomas.

Defense Secretary Chuck Hagel adopted a more strident tone last week at a Pentagon news conference, suggesting the IS militants presented a dire threat that surpassed the danger posed by the Al-Qaeda network.

But Pentagon officials insisted Hagel and Dempsey shared the same views on the IS.

Dempsey “believes that ISIS (Islamic State) is a regional threat that will soon become a threat to the United States and Europe,” Thomas said in a statement.

“He (Dempsey) believes that ISIS must be pressured both in Iraq and in Syria,” he added.

Webmaster's Commentary: 

A memo to Defense Secretary Hagel and General Dempsey: could you possibly telegraph anymore loudly that some elements in this country are gearing up for another false flag, upon which to justify yet more war against....whoever the next target is supposed to be, to prevent the collapse of the US dollar?

Gentlemen, I would strongly suggest to you that IF there is another false flag in this country, skeptical, war-weary Americans will have no stomach for it whatsoever.

Iraq has cratered; Afghanistan is cratering, and Libya has cratered, not to mention other military interventions we're not supposed to know about (like the humanitarian catastrophe in Yemen.)

And if such an even happens, it will demonstrate, incontrovertibly, that everything this country's military and security agencies have done to prevent it have been absolutely, thoroughly, useless and irrelevant!!

And that, gentlemen,is when the American people will wake up, and get angry.

Aug 26 08:07

5 Things You Learn About Rich People Working at a Nice Hotel

The rich and the famous live lives of unthinkable luxury in their gated homes far away from us commoners. But if you want to peer into their bizarre lives without the help of a telephoto lens, all you need to do is get a job at a fancy hotel. Cracked sat down with Taylor Crane, a man who worked in one such hotel and saw the dirty, sometimes literally shitty exploits of the One Percent firsthand. Here's what we learned ...

Aug 25 14:31

America Keeps People Poor On Purpose: A Timeline of Choices We've Made to Increase Inequality

How four decades of lobbying and legislation gave corporations dominion over our economy—and eroded the American middle class.

Webmaster's Commentary: 

"If they have no money, they can't fight back!" -- Official White Horse Souse

Aug 25 10:52

VIRTUAL 9-11: Will the US & Israel Hack The US Banking System Computers and Falsely Blame It On Iran (or Syria or Russia or China)?

So what it looks like is being planned, and pre-sold to the American people with all these stories about celebrities' personal information being hacked and made public (an activity that produces no profit for the hackers other than news headlines), and the "Syrian" (nudge nudge wink wink) hack of the AP Twitter feed that shocked the US stock market, is that the US Government will itself take down the US financial computers, and blame it on Iran /Russia/ China/Al Qaeda/Syria/Arabs and others to be named as convenient. This gets Wall Street and Washington DC off the hook, because now the financial melt-down is an act of war, rather than the result of decades of Wall Street crime and corruption and the predations of Private Central Banks. US banks have already been hit with cyber attacks, to set the stage.

Webmaster's Commentary: 

Reposted in light of Today's warming from Wall Street of an impending cyber-attack, along with the wag-the-ISIS from the corporate media.

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Aug 25 10:03

The Old World Order

The immediate and obvious point to make here is that readers should/must immediately become deeply suspicious any time we are bombarded with a label which contains the word “new”. Implicit in every such label (by definition) is the concept that “this time it’s different”, because if it wasn’t different it wouldn’t be “new”.

“This time it’s different” is a cliché in Western societies. But it’s not revered as an aphorism of wisdom. Rather, it is scorned as the mantra of idiots. This same point was made in a previous commentary which debunked and rejected the ludicrous propaganda euphemism: “The New Normal”. The same analysis applies to both propaganda lies.

Aug 24 07:49

Inflation Watch: Is The $5 Bill The New $1 Bill?

Events, food purchased away from home and live entertainment are increasingly unaffordable to the bottom 90%.

Aug 24 07:07

Looming Mining ‘Tsunami’ Set to Take Africa by Storm

Rapidly growing countries such as Russia, India, Brazil and China, as well as established, industrialized including Canada and Australia, have plowed billions into mining developments in Africa in recent years. In 2009 China alone invested more than $100 billion each year in mineral extraction, a four-fold increase since the turn of the century. According to data from Global Forest Watch, between 2001 and 2013 alone the DRC lost more than 5.8 million hectares of forest – a swath of land larger than the Netherlands.

The study’s authors point out the enormous opportunity afforded by this influx of cash. Mines can provide much-needed employment, and accompanying infrastructure development in the form of roads and rail lines could help connect farmers to markets, incentivizing increased agricultural yields and encouraging higher incomes through participation in national and regional economies.

Aug 23 10:08

Sears may close more stores as it posts 9th consecutive quarterly loss

Sears Holdings said Thursday its loss widened significantly in the second quarter and announced it may close more stores, in addition to the 130 closings underway this year.

Aug 22 09:39

Bullard Sees ’Several Hundred Billion’ of Reverse Repos

The central bank has been testing overnight reverse repos with a limited set of counterparties, mostly money funds, as a tool to set a floor under short-term interest rates when it begins guiding those rates higher, an event Fed officials forecast to occur in 2015.

Webmaster's Commentary: 

TRANSLATION: "If we shuffle the money back and forth fast enough, people won't notice the pyramid is collapsing!

Aug 22 08:22

Obama Considering Granting 800K Guest-Worker Visas as 90% Believe American Workers Should Be Favored

After meeting with a "bevy" of big-business groups, President Barack Obama is reportedly considering granting them up to 800,000 additional guest-worker visas via executive actions.

Aug 22 07:55

The New World Order Feudal Enslavement System

From times immemorial, the top down authority imposition has been the rule. This system of control is the reason why excrement discharge flows downhill. The feudal model works well for the lords who sit atop the pyramid. Essentially the New World Order is the supreme evolution of the subjugation of the serf class. In spite of this fact, what keeps this inequitable delineation between the dominant and the spineless? Pure power and malicious behavior achieves the perfection of perdition, in this hierarchal slave gulag. Because it can be done and no force can stop the captivity is the cause of the suffering.

Aug 22 06:53

The Libertarian Moment in Ferguson

Just two weeks ago, The New York Times Magazine had the temerity to ask, “Has the Libertarian Moment Finally Arrived?” Among the evidence that America is becoming more socially tolerant, fiscally responsible, and interested in shaking things up: rapid increases in the acceptance of gay marriage, pot legalization, and other forms of self-expression; wariness toward our bipartisan interventionist foreign policy; widespread outrage at governmental invasions of privacy; continued antipathy toward Obamacare and declining approval ratings of Congress; and a general lack of belief that spending more money is going to fix the country anytime soon.

Aug 22 06:34

Central Banking at Jackson Hole: Simplistic Dialectic, Significant Ramifications

Like Reuters, Bloomberg is a creature of the establishment and you can read Bloomberg editorials (especially) to garner an inkling about how we ought to be perceiving one of the most important dominant social themes of all: Central banking and the endlessly discussed deployment of its monetary arsenal.

In this case, as before – and as we have maintained – central bankers meeting this weekend at Jackson Hole will palaver earnestly but come up with reasons why monetary policy and interest rates should remain fairly "unchanged."

Webmaster's Commentary: 

Allowing bankers to control the nation's economy makes as much sense as allowing drug addicts to control the nation's pharmacies! Inevitably, all the ills of the nation end up being treated with placebos.

Aug 22 06:27

The American Dream - FULL VERSION - HD

Aug 21 18:29

DOJ Allows Bank of America to Deduct $12 Billion of $17 Billion Settlement

Bank of America will pay roughly $4 billion less to the government after-tax than the $16.65 billion it agreed to in a settlement over soured mortgage securities, because parts of the settlement will be tax deductible, the bank said Thursday.

Aug 21 14:47

Iceland homeowners get welcome boost

Iceland says it has launched a debt cancellation initiative for mortgage holders which is likely to benefit half the households in the country.

Each debt could see as much as 26,000 euros knocked off the total due. On Sunday, the country’s tax authorities launched the leidretting.is website, where homeowners can file their application. Some 5,000 people registered in the opening two hours, said one of the site’s technical managers.

Aug 21 12:48

Profit Down 62% For Another Major US Retailer

Sales at U.S. mass merchandisers such as Target and Wal-Mart Stores Inc have been hit this year as consumers struggling with stagnant wages and high inflation reduce spending.

On top of that, Target has run up big losses in Canada, where its ambitious expansion has stumbled due to supply chain issues and a backlash from customers who had expected prices to be more in line with those in the United States.

Aug 21 12:46

The 35.4 Percent: 109,631,000 On Welfare

109,631,000 Americans lived in households that received benefits from one or more federally funded “means-tested programs” — also known as welfare — as of the fourth quarter of 2012, according to data released Tuesday by the Census Bureau.

Webmaster's Commentary: 

That is the 35% who can be counted on not to criticize the government! Which is the whole point of forcing them into dependency in the first place.

This is how economic tyranny works. The government takes all your money, then offers to give you back a tiny fraction of it as long as you do what the government tells you to do!

Aug 21 12:42

Russia To Surpass Australia As World No 2 Gold Producer

Yesterday, we reported on China’s intent to become a global gold hub and key player in gold price discovery. Another important player in the gold market at the moment is Russia. Their intentions are more realistic and not as ambitious of those of China. However, Russia sees gold as a valuable monetary asset that will protect the ruble in the continuing currency wars.

This is why, Russia has been one of the largest buyers of gold in recent months (see chart) – largest sovereign buyer and one of the largest buyers in general. Although we do not know how much gold the People’s Bank of China is quietly accumulating.

Russia now looks set to become the world’s second largest producer of gold, after China and surpassing current world number two gold producer Australia.

Webmaster's Commentary: 

"INVADE! INVADE NOW! WE NEED TO SAVE THE FED! RUSSIA'S GOT ALL THE GOLD WE NEED!!!" -- Official White Horse Souse

Aug 21 10:35

Got weapons? Nude body scanners easily defeated

Researchers are delivering a paper at a security conference Thursday highlighting how easy it is to get weapons through the nude body scanners that have been removed from US airports but have been placed at other government installations across the globe.

The report, given at the Usenix Security Symposium in San Diego, highlights the insecurity of the Rapiscan Secure 1000 Single Pose "backscatter" scanner that once was used throughout the nation's airports but are now deployed at US prisons and courthouses, as well as airports in Africa. The paper, "Security Analysis of a Full-Body Scanner," from researchers at the University of California-San Diego, University of Michigan, and Johns Hopkins University, confirms what even laymen researchers had already discovered: hiding weapons on the side of one's body defeats the machine (PDF).

Webmaster's Commentary: 

This whole TSA thing is a huge money-making scam!

Aug 21 08:33

Florida Couple Wins Fight For Front Yard Vegetable Garden!

In this video Luke Rudkowksi of WeAreChange speaks with Jason and Jennifer Helvenston, gardeners who were targeted by the state. Are Americans losing their right to grow their own food peacefully on private property?

The U.S. and Florida constitutions protect property rights from arbitrary invasions. After taking the fight to the government and winning the city has withdrawn their demands to tear up a beautiful garden. These peaceful vegetable farmers are sharing their knowledge with others, for more information visit patriot-gardens.com

Aug 21 08:15

Warren Buffett And The Chinese Are Loading Up On Hard Assets

In the last several years, Warren Buffett went out and bought the Burlington Northern and Santa Fe Railroad. He didn’t just buy some stock, he bought the whole thing, took it private...A railroad is nothing but hard assets. It’s right of way, mining rights adjacent to the right of way, rail, rolling stock, yards, switches, signals, buildings, it’s all hard assets. How does the railroad make money? It makes money by moving hard assets so coal, wheat, corn, steel, other kinds of freight, etc. So, railroad is the ultimate, its hard assets moving hard assets. It’s the ultimate hard asset play. Warren Buffett’s next deal was to go out and buy massive natural resources in oil and natural gas. And by the way, he can move his oil on his railroad. He doesn’t need the Keystone Pipeline. You line up a hundred tanker cars, that’s a pipeline on wheels...

Aug 21 06:25

Target reports 62% drop in earnings, cuts profit forecast

Its net income also plunged nearly 62% to $234 million, or 37 cents a share. That's compared with $611 million, or 95 cents a share, a year earlier.

Webmaster's Commentary: 

The blame gets dropped on the data breach and those gosh darned Canadians, but the reality is that people in America don't have any more money to go to the stores with. When you have a system that forces people to move from high paying jobs to low paying jobs, people buy less, and that is a fact nobody in the financial sector wants to face up to!

Aug 20 15:19

Whistleblower: Fed “Highly Alarmed” About Bitcoin Conquering Dollar System

A whistleblower who was employed as a briefing researcher at the Federal Reserve has revealed that Fed governors were “highly alarmed” by a major internal report which revealed that Bitcoin would likely supercede the dollar system within the next 12 years.

Aug 20 12:14

States Of Depression: Employment Rates in Most States Still Lag 2007 Levels (NO States Improved In Employment Rates For 25-54 Year Olds)

It is difficult to have a surge in homeownership for the 25-54 year old bracket when not a single state in the US has shown improvement in employment rates since 2007.

Aug 20 11:19

Getting gouged by geeks

Webmaster's Commentary: 

I ... can ... identify...

Aug 20 10:17

CNN Anchor Suggests Police Use Water Cannons On Ferguson Protesters

In discussing seemingly less-violent options for crowd control, Rosemary Church wonders why the largely white authorities in Ferguson haven't considered using water cannons on the the largely black crowds. Once her co-anchor Errol Barnett processed what she just said, he looks at her like she's gone insane.

Webmaster's Commentary: 

All I can think of is the song line, "Don't know much about history..."

And it is very obvious that Ms. Church is blissfully unaware of the the civil rights movement and struggle in this country in the 60s, when peaceful African-Americans protestors got routinely hit with water cannon attacks so hard, they literally fell to the ground.

As reported at wikipedia.com:

As the jails and holding areas filled with arrested students, the Birmingham Police Department, led by Eugene "Bull" Connor, used high-pressure water jets and police attack dogs on the children and bystanders.

But when you look at this corporate presstitute, whose job it is not to report the news, or do any due-dilligence fact-checking, but to skew the news in any direction the Federal government wants it to be skewed, what she said was both completely logical, and throughly, outrageously stupid and insensitive at the same time.

The Corporatocracy has spoken: either stop protesting, or such protest will be brutally repressed.

But I think the real reason Furgeson has been so over-run with reporters, etc., after this horrifically tragic incident of the shooting of Michael Brown, is to look at creating a national wave of protest which would give Obama the excuse for suspending the Constitution and Bill of Rights nationally, and invoking martial law. Or at the very least, creating a racial issue for the Democrats to ride into the November elections.

Who know, perhaps, even postponing the mid-terms in November indefinitely?!?

As an observer of the geopolitical scene for some time now, I do not have the luxury...of believing in "coincidences".

Aug 20 08:50

City of Des Moines Begins Homeless Camp Evictions

The City of Des Moines said it gave about 50 homeless people living in camps along the river fair warning. On Monday, city crews went from site to site making sure the campers had packed up and moved.

“Today they’re going to come down and take everybody’s stuff and throw it in the dump,” said Don Welch.

Welch was kicked out of a camp site under the George Washington Carver Bridge.

The city brought in a garbage truck and end loader to remove the trash and belongings left behind. Crews are targeting about a dozen remote campsites along the Des Moines and Raccoon Rivers. Officials said most of the campers had already left on their own. Police were on hand to deal with any problems with the few who remained.

“If you don’t leave, they’re going to put you in jail,” warned Welch.

Webmaster's Commentary: 

Phil Delafield, I call grade-A, bovine excrement on that last statement of yours.

and what about Don Welch's warning that if these people don't move, they will be jailed?!?

If this is not the criminalization of homelessness, I don't know what the hell is.

That these people only have the choice between moving out of sight, or jail, says a lot about the current moral, and fiscal, state of Des Moines; and I can tell you, neither perspective is very pretty right now.

Aug 20 08:29

Does THIS Explain the “Snipers” Shadowing the Occupy Protests?

Was the Government Prepared to Deploy Snipers If the Occupy Protests Gained Momentum?

TruthDig reported last year:

“Did the FBI ignore, or even abet, a plot to assassinate Occupy Houston leaders?” asks investigative reporter Dave Lindorff at WhoWhatWhy. “What did the Feds know? Whom did they warn? And what did the Houston Police know?”

A Freedom of Information Act request filed by the Washington, D.C.-based Partnership for Civil Justice Fund yielded an FBI document containing knowledge of a plot by an unnamed group or individual to kill “leaders” of the Houston chapter of the nonviolent Occupy Wall Street movement.

Here’s what the document said, according to WhoWhatWhy:

Webmaster's Commentary: 

Apparently, the policy of extrajudicial assassinations has been very much alive and well in this country for quite some time.

Aug 20 08:28

Is Portugal Next in Line for Wealth Confiscation?

The pattern should be seared in your memory by now. If you fail to recognize it, you could be struck with a huge financial blow.

It’s a pattern that has played out over and over throughout history: a government gets into financial trouble, then denies there’s a problem, which is followed by a surprise wealth grab.

That’s exactly what happened when bank deposits in Spain and Cyprus were raided. We’ve also seen retirement savings confiscated in some form in Poland, Portugal, and Hungary. Capital controls have been imposed in Cyprus and Iceland.

Of course these aren’t the only examples of blatant government thievery. These examples are just within Europe and just within recent years. They can and will happen anywhere.

Aug 20 08:24

EU Advisors Advocate use of Military Against Strikes and Protests

Experts at a European Union (EU) think-tank are demanding that the EU prepare to put down strikes and protests with military force. Due to the deepening social inequality in a globalised economy and growing military conflicts within the EU’s borders, such outbursts will inevitably increase.

In the study by the European Union Institute for Security Studies, the authors bluntly state that in the face of these developments, the army will have to be used increasingly for policing duties to protect the rich from the anger of the poor.

The book appeared a year after the near-collapse of the global financial system in 2008, entitled “Perspectives for European Defence 2020.” It makes clear that academics and politicians are very aware of the revolutionary implications of the crisis. They are working through scenarios that would allow the opposition of the vast majority of the population to social attacks to be suppressed.

Webmaster's Commentary: 

Absoflippinglutely unbelievable; looks as though Europe is rapidly turning fascist also.

Aug 20 07:58

The poor get poorer: Low-wage jobs still dominate

Not so long ago, Russ Holton was married, making a six-figure income and looking at a promising career ahead.

Now, seven years later, he's divorced, interviewing for $12-an-hour jobs and trying to further his education and stay afloat in a jobs market that is creating in excess of 200,000 positions a month but few that provide an opportunity to live the life to which he had become accustomed.

"I'm not finding what I'm looking for," Holton, a 45-year-old resident of Mason, Ohio, said during a phone interview that provided a break during a day of job hunting. "I just interviewed for a job that pays $12 an hour. I felt really stupid. For 12 bucks an hour, that's not right.... It's a different world right now."

Aug 20 06:53

Uh-oh: Stock buybacks are on the decline

One of the problems with buybacks is that you have to run faster and faster just to stay in one place. If share prices rise, you have to spend more just to buy in the same number of shares. And to some extent it just becomes a matter of robbing Peter to pay Paul: You borrow money in the bond market to buy back some of your shares on the stock market. Meanwhile your stockholders, in an effort to reduce the “risks” of their portfolio as they near retirement, sell you some of their stocks and use the money…to, er, buy your new bonds.

But don’t worry about that. As Chuck Prince once said, so long as the music keeps playing, you gotta keep dancing.

Aug 19 13:32

This Map Shows Why The F-35 Has Turned Into A Trillion-Dollar Fiasco

The Pentagon has stuck with the F-35 Lightning Joint Strike Fighter program despite dozens of technical problems and delays, strategic concerns, and massive cost overruns that have nearly doubled the initial cost estimate, raising the cost of building the planes to around $400 billion with a lifetime cost of up to $1.5 trillion.

One reason why the project has become such a boondoggle is that many states and countries are significantly invested in the plane, relying on its production for income and jobs.

Every U.S. state but Alaska, Hawaii, Nebraska, and Wyoming has economic ties to the F-35, with 18 states counting on the project for $100 million or more in economic activity, according to primary contractor Lockheed Martin. All told, the project is supposedly responsible for 32,500 jobs in the U.S. Globally, another nine countries have major ties to the F-35.

Webmaster's Commentary: 

Creating 32,000 jobs is good, but how about if those jobs actually produce something useful to the nation? 1 trillion divided by 32,000 jobs comes to over 31 MILLION dollars spent for each job created!

Aug 19 08:07

The US Gold in Fort Knox is Secure, Gone, or Irrelevant

In 1950 the US owned about 20,000 metric tons of gold – approximately 640,000,000 troy ounces. By August 15, 1971 when President Nixon “temporarily” closed the “gold window” that hoard had decreased to about 8,100 tons (Fort Knox, the NY Fed, and other locations). The US government had been overspending, exporting dollars oversees, and other governments had “cashed in” those dollars for gold. At that rate of decrease, the US gold hoard would have been entirely dissipated by now. Perhaps it is gone!

President Nixon had a choice – default on the US promise to redeem dollars with gold, or reduce spending. Like any prominent politician he chose to continue spending and to blame the problem on someone else – the “international money speculators” but it might as well have been the Russians, Democrats, the French, Communists, an ethnic group, or the weather – anyone but those responsible – The President, Congress, and the bankers.

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