ECONOMY

Aug 10 18:55

"It cost us more to shut the government down than to keep it open."

This week, Rand Paul is on a 10-stop tour of Iowa, seen by many as a trial run for a 2016 presidential campaign.
He’s been touting out his campaign positions, such as raising the retirement age and trying to play up his support for Israel. In a speech in Iowa City Tuesday, stumping for Republican House candidate Mariannette Miller-Meeks, Paul spoke about what he sees as out-of-control government spending.

Aug 10 17:39

Latest dynamics in US energy markets

Aug 10 15:42

Poland asks US to buy apples banned by Russia

Poland has asked the US to purchase the country's apples after Moscow banned all food imports from the EU, the US, and other countries who imposed sanctions on Russia over the Ukraine crisis.

Prior to the full embargo on food exports from the West, Russia’s agricultural watchdog Rosselkhoznadzor banned the import of practically all fruits and vegetables from Poland, citing a breach of food safety standards.

"We are interested in a quick decision because the situation is extraordinary," said Poland's ambassador to Washington, Ryszard Schnepf, as quoted by Polish press agency PAP.

Webmaster's Commentary: 

The sudden surplus of former exports into Russia flooding the US markets will drive prices down, crushing US farmers. I am sure to the money junkies eager to foreclose on these farms, this is a small price to pay to protect the US dollar from the ruble.

Aug 10 15:20

Modern Economics

Aug 10 15:00

Russian sanctions begin to bite in the Netherlands

The Russian sanctions imposed on Thursday against western countries are already beginning to bite in the Netherlands, Dutch media report on Friday.

The Financieele Dagblad reports that 300 trucks carrying vegetables and fruit have already been refused entry at the Russian border.

The effects are also being felt at the Zaltbommel trade auction where prices are already falling.

Aug 10 14:57

Video: Russia food ban a ‘nightmare’ for French farmers

French food trader Jean Selverro will lose €200 thousand a month because of Russia’s import bans on food from the European Union, announced this week. Normally, 90 percent of his apples and pears are exported to Russia.

Aug 10 12:39

The Real Reason The US Is Bombing Iraq

Brandon Turbeville
Activist Post

Only a day after Obama’s announcement that he had authorized “targeted strikes” inside Iraq in order to combat the Islamic State (IS) advance, the United States has indeed followed through with their threat. The area of Erbil is an interesting choice...

Aug 10 12:25

Income inequality is getting worse:

Aug 10 12:07

Bank of America reaches $16 billion mortgage fraud settlement

Bank of America (BoA) is finalizing a settlement with the Department of Justice (DOJ) over claims that the bank palmed off worthless mortgages to investors, according to the Wall Street Journal.

Aug 10 11:56

Debt Maturity Of U.S. Debt Set To Increase

Aug 10 08:05

ECB gets ready to pump cash into eurozone as fears rise over recovery

Mario Draghi says preparatory work in place for quantitative easing to combat deflation and economic stagnation

Webmaster's Commentary: 

And we have seen how well quantitative easing has worked here in the US!

Aug 10 08:05

The U.S. Airstrikes in Northern Iraq Are All About Oil

If the Obama administration wanted to prevent the world’s peoples from brutal dictators and repressive regimes or from takeovers by terrorist groups, there are other countries besides Libya and Iraq where it could intervene. What distinguishes these two countries is that they are major oil producers.

Aug 10 07:32

Money Market Account Freeze Passed by SEC

Webmaster's Commentary: 

In the event of "stress", you will not be allowed to withdraw your own money from money market accounts.

Aug 10 07:27

Leaked pictures from the inside bizarre party at the Rothschild family 1972

Webmaster's Commentary: 

Looks like the warn up to the party scene in "Eyes Wide Shut."

Aug 09 20:41

Imposing sanctions on Russia will result in economic heartache for Australia, former ambassador warns

A former Australian ambassador to Moscow and Ukraine says imposing sanctions on Russia will only result in economic heartache for Australia.

Aug 09 17:52

ExxonMobil, Rosneft start joint Arctic drilling in defiance of sanctions

US oil giant ExxonMobil and Russia’s Rosneft will continue joint exploitation of the Russian Arctic despite Western sanctions, the American company said as the two giants launched exploration drilling in the Kara Sea.

Aug 09 17:50

De-Dollarization Accelerates - China/Russia Complete Currency Swap Agreement

The last 3 months have seen Russia's "de-dollarization" plans accelerate. First Gazprom clients shift to Euros and Renminbi, then the UK signs currency swap agreements with China, then NATO ally Turkey cuts ties and mulls de-dollarization, Switzerland jumps in the currency swap agreements, and BRICS create their own non-US-based funding vehicle, and then finally this week, Russia's oligarchs have shifted cash holdings to Hong Kong. But this week, as RT reports, Russian and Chinese central banks have agreed a draft currency swap agreement, which will allow them to increase trade in domestic currencies and cut the dependence on the US dollar in bilateral payments. “"The agreement will stimulate further development of direct trade in yuan and rubles on the domestic foreign exchange markets of Russia and China," the Russian regulator said.

Aug 09 17:45

Fingers of Instability

Aug 09 16:35

North Carolina man arrested after beating police in doughnut-eating contest

He broke into two grocery stores. The charges should read breaking and eating!

Bradley Hardison is charged with two counts of felony breaking and entering and misdemeanor injury to real property.

CAMDEN COUNTY , N.C., Aug. 8 (UPI) -- A North Carolina man who beat police officers in a doughnut-eating contest got his just desserts the next day after they realized that he was a wanted man.

Aug 09 11:30

Israel Has Morally Compromised its Supporters

Israel and the West are complicit in mass murder in Gaza. Should they suffer the same fate as Gazans,they won't have any moral recourse.

by Henry Makow PhD.

As friction with Russia threatens to escalate, this isn't a good time for Zionists to embrace the principle of collective punishment and to relinquish their moral authority.

Yet this is exactly what has happened to those who have endorsed Israel's abominable and disproportionate assault on Gaza which has killed 1900 people, 70% of whom were civilians, including 415 children.

Why have Israel's actions been so egregious, given the lack of genuine provocation?

More than 10,000 Gazans have been injured. 373,000 children require psychological support. 500,000 Palestinians have been displaced with 187,000 still living in U.N. emergency shelters. An estimated 10,000 homes have been completely destroyed, and 30,000 homes partially destroyed.

Aug 09 10:53

AMERICA AT THE END OF ITS TETHER

As the Empire of Evil collapses, the Mad Emperor and his psychopathic minions seem determined to set the world on fire.

“At the center of chaos, the wild-eyed President Obama strikes blindly, oblivious of the consequences. He is on the verge of a mental breakdown, suffering from political paranoia, war hysteria and megalomania. He’s gone amok . . .”

Chaos reigns and spreads as enraged leaders in the US, Europe and their clients and allies pursue genocidal wars. Witness mercenary wars in Syria. Witness Israel’s terror bombing of Gaza. Witness the proxy wars in the Ukraine, Pakistan, Iraq, Afghanistan, Libya, Somalia.

Aug 09 09:36

Bildt troubled by Russian food sanctions

Putin is aiming the sanctions at those who imposed sanctions against Russia, namely the 28 EU members, plus Norway, the US, Canada and Australia. The sanctions are against such food items as meat, fish, poultry, dairy, fruit and vegetables.

According to news agency Reuters, the food items Russia imported last year but which are now included in the sanctions amounted to about US$ 23.5 billion, of which about US $32 million came from Sweden.

Putin's decision surprised many because, according to the newspaper European Voice, almost 40 percent of Russia's food imports come from EU countries.

Aug 09 09:16

Stocks In Russian Food Companies Soar Amid Western Food Ban

Shares in some of Russian food producers have added almost 40 percent by midday on Friday. The surge comes a day after Moscow imposed a one-year ban on imports of food products from the West.

Aug 09 08:08

GMO Golden Rice: The Scourge of Asia

Ulson Gunnar
Activist Post

Asia’s dependency on rice cultivation for both subsidence and income is intuitively understood. The Food and Agricultural Organization of the United Nations (FAO) estimates the agricultural population of lowland rice cultivation in Asia to be over 470 million - larger than the entire population of the United States. Improvements in rice cultivation would stand to lift hundreds of millions from debt and poverty. Conversely, the disruption of rice cultivation would threaten to mire hundreds of millions in deeper debt, inescapable destitution, and all of the negative socioeconomic implications that follow...

Aug 08 20:33

Don't Own Paper, Hold REAL Assets

Aug 08 20:21

The Largest Pink Elephant Ever

Aug 08 20:03

WHERE DID ALL THE ENTRY-LEVEL JOBS GO?

Aug 08 17:58

Further Evidence that Obama Is a Republican

Barack Obama is now a deadweight to Democrats in Congress who are set to bear the blame from voters for policies that Obama and the Republicans in Congress have actually caused; and here would be the only opportunity for congressional Democrats finally to say: “Enough now, of rule by Obama and other Republicans! Elect me to fight them!”

Tell your Democratic Representative in Congress: Do it or else! Or else the Democratic Party dies and America will continue to be ruled, at the Presidential level, only by two conservative Parties.

Polls show that Obama has moved not only American politics but American public opinion to the right, except on "social" issues, which aren't critically important for the aristocracy anyway.

Aug 08 14:58

Malaysian Airlines stock trading suspended

Malaysia’s state investment company says it wants to remove struggling Malaysia Airlines from the stock exchange, the Associated Press reports, making it fully state-owned before overhauling its business.

Aug 08 14:33

Greg Palast: How Obama Could End Argentina’s Debt Crisis

“The ‘vulture’ financier now threatening to devour Argentina can be stopped dead by a simple note to the courts from Barack Obama,” investigative journalist Greg Palast writes Thursday at The Guardian. “But the president, while officially supporting Argentina, has not done this one thing that could save Buenos Aires from default.”

Aug 08 14:15

New stock market crash, a pattern?

Every production phase or civilization or other human invention goes through a so called transformation process. Transitions are social transformation processes that cover at least one generation. In this article I will use one such transition to demonstrate the position of our present civilization and its possible effect on stock exchange rates.

When we consider the characteristics of the phases of a social transformation we may find ourselves at the end of what might be called the third industrial revolution. Transitions are social transformation processes that cover at least one generation (= 25 years). A transition has the following characteristics.

Aug 08 13:55

Russian food embargo could cost Italy €700m

Russia's decision to ban all EU food imports will have a negative impact across Italy, costing the industry as much as €700 million if it lasts a full year, a farmers' association told The Local.

Aug 08 11:24

Poll: Trust in government at all-time low

s sunk so low that it is hard to remember that there was ever a time when Americans routinely trusted the government,

Aug 08 11:24

FLASHBACK - The Tytler Cycle Revisited

"A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship."
“The average age of the world’s greatest civilizations from the beginning of history, has been about 200 years. During those 200 years, these nations always progressed through the following sequence:

From bondage to spiritual faith;
From spiritual faith to great courage;
From courage to liberty;
From liberty to abundance;
From abundance to complacency;
From complacency to apathy;
From apathy to dependence;
From dependence back into bondage

Aug 08 10:26

When to Sell

Aug 08 10:19

Google’s Illuminati secret summit: The Camp

Forget Bilderberg or the Bohemian Grove, now there’s a new, secretive Illuminati summit in town: Google’s “The Camp.” Taking place at the posh Verdura Golf & Spa Resort off Sicily’s southwestern coast, The Camp will be attended by banking, tech industry, and other high-profile business professionals. So what do we know about this super-secretive camp so far?

Aug 08 09:34

Russian Sanctions Expose West's "Global Disorder"

Tony Cartalucci
Activist Post

In a report by the Sydney Morning Herald titled, "Julie Bishop says 'petulant' Russian sanctions reflect its lack of acceptance for role in MH17 disaster," it claims:

"Foreign Minister Julie Bishop says Russia's "petulant" trade sanctions on Australian food imports is yet another example of Moscow trying to evade responsibility for the downing of Malaysia Airlines flight MH17."

However, Bishop fails to indicate why Russia should or would accept responsibility for downing an aircraft when no evidence whatsoever even suggests such culpability. Canberra, Washington, London, and Brussels are citing dubious YouTube videos, Facebook, and other forms of "social media," while Russia has provided radar and satellite pictures and has repeatedly called for and supported a proper, independent, impartial investigation into the incident...

Aug 08 09:27

Gaza Strip: Boycott Israeli Products App Gets 350,000 Supporters

An app that allows users to search for a product linked to targeted companies or countries in order to boycott them has seen a significant surge in users signing up to anti-Israel campaigns.

Buycott catalogues brands and their affiliations and lets users set up campaigns to either help or avoid funding certain causes. By scanning a product's barcode with their smartphone camera, consumers are able to determine which brands are associated with which campaigns.

Aug 08 09:26

'Outrage' Follows USDA's Advancement of New Genetically Engineered Crops

Environmental groups warn that advancing Dow's new genetically engineered crops means a continuation of a toxic chemical treadmill that threatens human health. (Photo: Holley St. Germain)

Watchdog groups are denouncing the U.S. Department of Agriculture's recommendation on Wednesday to approve new varieties of genetically engineered corn and soybeans as a path towards more toxic pesticides that threaten the environment and public health.

"We are outraged," stated Marcia Ishii-Eiteman, PhD, senior scientist with Pesticide Action Network, adding that the "USDA has turned its back on America’s farmers and rural communities."

The new crops are Dow AgroScience’s 2,4-D- and glyphosate-tolerant corn and soybeans. They are made to be used with Dow's Enlist Duo herbicide, which contains 2,4-D and glyphosate and is also under review by the USDA.

Aug 08 08:43

Silver & Gold Dealer IRS Reporting Requirements - INFOGRAPHIC

For those concerned about buying and selling PRIVACY, this information is important.

Given that Silver & Gold Bullion are some of the only remaining assets which can remain truly private... it's important people know the current rules of the game.

Aug 08 08:33

"Stop Putin" Coalition Cracking: Greece Laments "Blind Obedience To Cold War Strategies Of Brussels And Washington"

It was all fun and games while the grand western "Pariah Putin is evil" alliance was calling the shots, lobbing one sanctions after another, and Russia was quietly sitting there and taking it all. But once Europe realized that suddenly its food exporters are about to see their revenues plunge (and ostensibly lead to even more domestic deflation as all the excess produce floods domestic markets) and lead to gaping trade deficits, suddenly cries that Putin's retaliation is "unfair" have filled the air. What's worse, the moment Russia retaliated, the grand alliance started to crack. Enter Greece which has hundreds of millions in food exports to Russia, and which was the first country to hint that it may splinter from the western "pro-sanctions" alliance.

Aug 08 08:25

WTF Headline Of The Day: US Forfeits $480 Million Loss On Nigerian Dictator Scam

While we assumed everyone knew that correspondence from Nigerian leaders requesting funds were always fradulent, it appears the US government decided the opportunity was worth the risk...

*U.S. FORFEITS OVER $480 MILLION STOLEN BY FORMER NIGERIAN DICTATOR
*DOJ SAYS MONEY WAS STOLEN BY FORMER NIGERIAN DICTATOR
*DOJ: $480M IN CORRUPTION PROCEEDS FROM SANI ABACHA

The DoJ describes it as "the largest forfeiture ever." Oh well - we hear Rwanda is looking to issue some bonds..."We might go for double that or more, up to $1 billion."

Aug 08 08:21

Ten Years Later: The Greek Olympic Wasteland In Photos

In total, Greece spent over $10 billion on the Games. "The Games were a lost opportunity, no doubt about it," admits former Athens 2004 spokesman Stratos Safioleas.

Sadly for the broke country, that is an understatement. Here, ten years later, is the wasteland which is all that's left of the 2004 summer Olympics.

Aug 08 08:06

Farmers use social media to stop food waste

"..He said he was shocked to learn how inefficient farming is, after seeing stacked boxes of unsold fruits and vegetables that were destined for the compost heap or chicken coop.

"It hit me across the head like a 2-by-4. And for the first time I had noticed that it was a reoccurring pattern for our farm," he said.

This spring researchers from the University of California, Davis reported that it could cost the agricultural industry as much as $1.7 billion US dollars as the drought comes up to through its third year. Farmers often simply can't sell their produce before it spoils or it doesn't meet stringent aesthetic standards set by supermarkets.

But Papadopoulos had an idea: to distribute to consumers the food that would otherwise be thrown out. The answer, he reasoned, lay in social media. "I decided to launch a series of social media experiments," he recalls.

Aug 08 07:53

Farmers 'will need EU aid after sanctions'

Minister for Agriculture Andrä Rupprechter (People's Party/ÖVP) has said the European Union should help Austrian farmers who suffer financial losses due to EU sanctions over Russia.

Webmaster's Commentary: 

"No problem, we'll just get the US Government to take a bunch of money from the American people again!"

Aug 08 07:21

Emerging Airline Monopolies Make Air Travel More Expensive In The US

There is a stunning lack of choice today for American consumers, and nowhere is that more evident than our nations ever-shrinking airline industry. In the first half of 2014, the average round-trip ticket to anywhere in the U.S. was over $509.15 including taxes. That is up over $14 from the same period in 2013.

Airfares in general have gone up 10.7 percent in the past five years, even after adjusting for inflation. So what is behind these ever-increasing airfares in the United States? Well, it may have something to do with the stunning lack of competition which is now the reality of the U.S. airline market in the mid 2010?s.

Aug 08 07:19

Russia “already turning away trucks at border”

Catalan producer association Afrucat is urging its members not to send lorries to Russia until the situation regarding the ban on EU imports has been fully clarified, following reports that trucks laden with fruits and vegetables are already being refused entry at border crossings.

Aug 08 07:18

Dear David, Sorry, but Your Money Is Trapped in the USA

Recently, my colleague David Galland had a revealing experience. David attempted to invest abroad but was stymied by the US government’s de facto capital controls.

While there are no official capital controls, the uniquely burdensome regulations associated with doing business with a “US Person” creates a similar effect—that being that the vast majority of foreign banks, brokerages, and other financial institutions shun American clients, effectively making it much more difficult to move capital outside of the US.

IM contributor Jeff Thomas eloquently points out that “If the sheep are to be sheared, they must first be penned in so that they cannot escape.” This is exactly the point of capital controls: to lock in the wealth of a country so it cannot escape the shearing that is soon to come.

Aug 08 06:19

Navy shipbuilding crisis has far-reaching consequences

The U.S. Navy’s shipbuilding crisis is demonstrating far-reaching effects on the nation’s economy and foreign policy goals.

Take, for example, Ingalls’ recently closed composite-construction yard in Gulfport. First, the Coast Guard passed on composite deckhouses for its new class of fast-response cutters, going to a different design. When the Navy decided to transition from a composite deckhouse like on the first two Zumwalt-class destroyers to a steel one constructed at Bath Iron Works, that proved the knockout blow.

The yard closed in July, putting 400 shipbuilders out of work, according to local TV station WLOX. The decision was announced last year and shows the impacts of poor procurement decisions on local communities and their economies.

Aug 08 06:12

Ukraine Prepares To Impose Russian Gas Transit Ban, Commit Economic Suicide

"..Ukraine is ready to impose sanctions against any transit via its territory, including air flights and gas supplies to Europe, Prime Minister Arseniy Yatsenyuk said Friday. Ukraine's Parliament will vote on the sanctions on Tuesday. Kiev has also prepared a list of 172 Russian citizens and 65 companies predominantly Russian to put under sanctions for “sponsoring terrorism, supporting the annexation of Crimea, and violating the territorial integrity of Ukraine,” Yatsenyuk said at a briefing on Friday.

Proposed sanctions include asset freezes, bans on certain enterprises, bans on privatizing state property, refusing to issue licenses, and a complete or partial ban on transit- both aviation and gas.

“We simply have no other choice,” the Prime Minister said, adding that Ukraine will use part of the $17 billion IMF aid to achieve energy independence, and may go to the World Bank for help.

Aug 08 05:17

Australian unemployment rate hits 12-year high

Aug 07 18:22

ANOTHER US COMPANY TO CLOSE 165 STORES

Aug 07 16:00

When the Money Runs Out… So Does the Empire

......empires are expensive. They are typically financed by theft and forced tribute. The imperial power conquers… steals… and then requires that its subjects pay “taxes” so that it can protect them.

The US never got the hang of it. It conquers. But it loses money on each conquest.

How does it sustain itself?

With debt.

It doesn’t take tribute from the rest of the world; it borrows from it. As far as we know, no other empire has ever tried to finance itself by borrowing.

But it is a special kind of debt. The US borrows in its own currency – which it can print as it chooses. If the burden of repayment is too high, in theory, the Fed can just print more dollars to satisfy its obligations.

Aug 07 15:54

Forget What The Fed Says, Inflation Is Here

Aug 07 15:53

Populist Senate Candidate Michelle Darnell Takes 36% of Primary Vote with 4% of Cyrus Habib's Money!

Thursday, August 7, 2014

KingCast and Mortgage Movies Say D-48 Senate Candidate Michelle Darnell is a Hit with Elders, Children and Voters: 5% of Cyrus Habib's Money and 36% of the Vote!

Aug 07 15:05

HHS on the hunt for HealthCare.gov emails Issa wants

A senior health department official under Republican scrutiny for the flawed rollout of HealthCare.gov likely deleted some emails now sought by congressional investigators, msnbc has learned.

The Department of Health and Human Services planned on Thursday to alert Congress and the National Archives and Records Administration, which is charged with enforcing federal record keeping laws, about the problem, according to a copy of a letter being sent to Archives.

There is no evidence that Marilyn Tavenner, an Obama appointee who leads the Centers for Medicare & Medicaid Services, intentionally hid information or deleted records; rather, the gaps appear to be the result of sloppy record keeping. But Republicans have attempted to turn missing emails into a political scandal before, as they did with Lois Lerner, a former IRS official at the center of a separate controversy over alleged targeting of conservative nonprofit groups.

Aug 07 14:39

EFSA rejects French attempt to ban GMO corn crops in EU

Following a request from the European Commission, the European Food Safety Authority (EFSA) has rejected attempts by France to prohibit the cultivation of genetically modified maize MON 810 in the EU.

On 25 March 2014, the European Commission requested the European Food Safety Authority (EFSA) to assess the supporting documentation submitted by France to notify an emergency measure under Article 34 of Regulation (EC) 1829/2003, prohibiting the cultivation of genetically modified maize MON 810 in the EU.

(Considering the composition of the EFSA members, the title of this article should be: Monsanto rejects French attempt to ban GMO Monsanto corn crops in EU)

Aug 07 14:24

Debt Rattle Aug 7 2014: Europe Teeters On The Edge

What did I call yesterday’s article again? Oh, that’s right, I called it Europe’s Tumbling, Who’s To Blame?. Well, I’m not a seer, or clairvoyant, but I might as well have used that exact same title again today. Because the same theme plays out again. In an piece initially called Europe’s Recovery Menaced by Putin as Ukraine Crisis Bites, later renamed Draghi Outlook Menaced by Putin as Ukraine Crisis Bites (what’s not to love), Bloomberg spills it all:

The crisis in eastern Europe is showing signs of disrupting Mario Draghi’s economic outlook. Evidence is building that the conflict in Ukraine and European Union sanctions against Vladimir Putin’s Russia are undermining a euro-area recovery that the European Central Bank president already describes as weak. With the ECB expected to keep interest rates on hold near zero today and refrain from any new policy measures, Draghi is likely to face questions on how he plans to keep the economy on track.

The ECB may have few tools left to mitigate the impact of political turmoil that European companies from Anheuser-Busch InBev to Siemens say is hurting their business.

Aug 07 14:17

Oregon man serving prison sentence for collecting rainwater on his own property

Sentenced to 30 days in prison, as well as slapped with a $1,500 fine, for diverting snow runoff and rainwater into three reservoirs on his property

Aug 07 14:17

European stocks fall on Russia

Europe's main stock markets fell, weighed down by concerns of escalating tensions between the West and Russia, after the ECB left its monetary policy unchanged.

Frankfurt's main DAX index dropped 1.0 per cent to 9,038.97 points, while in Paris the CAC 40 tumbled 1.36 per cent at 4,149.83 points, compared with Wednesday's close.

London's benchmark FTSE 100 index shed 0.58 per cent to 6,597.37 points after the Bank of England also chose to hold its key interest rate at a record low.

Aug 07 13:45

How the Top 1% Hoard Their Cash Offshore

Aug 07 13:07

We're Being Robbed Every Time We Fly

Aug 07 12:38

Russian Food Ban sends Livestock Futures Reeling

Russia has announced a retaliatory ban on food products from nations supporting the sanctions that were imposed on it in response to the ongoing events in Ukraine.

Personally the food ban is going to do nothing except to hurt their own citizens by driving up the cost of food there but it has just knocked a huge chunk of profitability out of the pockets of US livestock producers.

Webmaster's Commentary: 

I rather doubt Russia will have any problem obtaining plenty of (GMO free) food from their BRICS partners.

Aug 07 12:11

FLASHBACK - Judea Declares War on Germany


Click for larger image

Webmaster's Commentary: 

Posted at reader request: Today Israel is screaming about how "unfair" the Boycott, Divest, and Sanctions movement is to "poor suffering Israel" (reg Trademark Tel Aviv). but history shows that the same people have never hesitated to use boycotts against others, as this newspaper from 1933 shows.

Following their defeat in WW1, Germany had been forced to accept a privately-owned central bank under the Treaty of Versailles. This privately-owned bank looted the German people and eventually led to the runaway inflation of the Wiemar Republic. When Hitler came to power he kicked out the private central bankers and returned control of the currency to the government. This triggered an economic boom in Germany which would later be described as the "German Miracle" and lead to TIME Magazine making Hitler their Man of the Year for the amazing economic changes he had brought to Germany.

Those changes, of course, were a direct threat to the private central banks, both because citizens in other countries wondered why they could not have the same system of government-issued currency that was working so well for Germany (especially here in the United States, which had been started a with government-issued currency), and because nations enslaved to private central banks cannot economically compete with nations not so encumbered and plundered.

So, the cartel of private central bankers organized a global boycott against the new German monetary system almost the moment it was born, to ruin Germany and drive it back into the clutches of the private central bankers. It was this economic war that set the stage for the emergence of WW2, while the financial predations of the Rothschilds bankers became the foundation of the German peoples' animosity towards Jews.

As a side note, the article gives the total Jewish population of Germany as just over half a million, quite a far cry from the claimed six million supposedly exterminated by the Nazis.

Aug 07 11:37

Duggan to unveil new plan to collect unpaid water bills

Detroit Mayor Mike Duggan today will announce a new plan to address thousands of unpaid water bills after previous efforts to collect debt by shutting off service to delinquent customers sparked widespread criticism.

Duggan and water director Sue McCormick will appear at a 12:30 p.m. press conference at city hall to share details of a 10-point plan to make sure residents have the chance to bring their unpaid bills up to date.

Webmaster's Commentary: 

"Our corporate masters have agreed to provide loans at modest interest rates to get your water turned on again!"

Aug 07 11:10

Monsanto Invests in Ebola Vaccination - Would You Get Any Vaccination from Monsanto?

Monsanto Invests in Ebola Treatment Drug Company as Pandemic Spreads

Aug 07 10:06

Gold Jumps As Ukrainian Fighter-Jet Shot Down Over Donetsk

Gold futures broke above $1315 as a double whammy of NATO threats and Ukraine headlines spark safe-haven buying:

*FIGHTER JET SHOT DOWN OVER REBEL-HELD EAST UKRAINE: AFP

Aug 07 10:03

Sanctions Against Russia: U.S. and EU Shoot Themselves In the Foot

Sanctions Against Russia Are Hurting the West

We noted last month that major American business groups are opposed to sanctions against Russia, as they hurt U.S. businesses.

Aug 07 08:56

Formula 1 Billionaire Bernie Ecclestone pays $100 million for 'Get Out of Jail Free' card

Goes to court on bribery charges, pays $100 mil to end case.

Aug 07 08:44

Chicago Mayor Rahm Emanuel Cuts Schools, Pensions While Preserving Fund For Corporate Subsidies

Emanuel said budget constraints forced him to push for pension cuts and mass school closures, an analysis of government documents reveals the city has $1.71 billion in special accounts often used to finance corporate subsidies.

Aug 07 08:05

Feds quietly stop public disclosure of many serious hospital errors

The change, which the Centers for Medicare and Medicaid Services (CMS) denied last year that it was making, means people are out of luck if they want to search which hospitals cause high rates of problems

Aug 07 08:03

Lloyds Bank admits fixing repo rate:

Britain’s Lloyds Bank found a new way to rig the market in order to reduce the fees it paid the Bank of England for its £20 billion bailout in 2008-9

Aug 07 07:17

Shoppers Use App To Boycott Israel In Grocery Store Aisles

Today, more than a year since the app first gained ground, Buycott’s fastest-growing campaigns are those allowing shoppers to avoid products deemed to support Israel.

As the Israel-Gaza conflict has intensified in recent days, Buycott has seen a surge in users joining groups with names like ‘Avoid Israeli Settlement Products’ and ‘Long Live Palestine Boycott Israel.’

The latter was created in April by a British teenager, but floundered with a few hundred members through mid-July. It now counts over 220,000 shoppers as users, with its numbers climbing daily.

Webmaster's Commentary: 

GOOD!!!

Aug 07 07:14

Porn production plummets in Los Angeles

As Hollywood battles to keep movie and TV shows from leaving the state, another local industry — adult entertainment — is fleeing Los Angeles.

Aug 07 07:08

'Too Big To Fail' Banks: Bigger, Badder... and Here To Stay

Nearly six years after the financial crisis of 2008 that helped spur a global economic meltdown, federal regulators in the U.S. on Tuesday declared that much-touted reforms designed to curb the threat of so-called ‘Too Big To Fail’ banks have done not nearly enough to end the prospect that taxpayers will be left holding the bag when the next bubble bursts or a new wave of Wall Street disasters strikes.

Aug 07 07:05

Australia's Unemployment Rate Suddenly Surged To A 12-Year High

Australia’s unemployment rate has surged to a 12-year high of 6.4%, the Aussie dollar dropped to 0.9290, and the twitterverse has had a raft of hand wringing over such a big jump, though the reality is not as bad as the headline number looks.

This is an important message to focus on because 6.4%, the highest rate in more than a decade, is going to scare Australian consumers. It will worry Australian businesses focussed on forward planning – especially those concerned about where buyers will come from.

Aug 07 07:04

Is This Decline the Real Deal?

Aug 07 06:00

Inflation Watch: The Incredible Shrinking Coke Can

Aug 07 05:44

Wow, This Chart Will Give You A Whole New Outlook On Life

This about sums up your life in its entirety (well, for Americans, at least)

Aug 06 12:33

Russia Sanctions Accelerate Risk to Dollar Dominance

U.S. and European Union sanctions against Russia threaten to hasten a move away from the dollar that’s been stirring since the global financial crisis.

Aug 06 09:38

Putin Bans Agricultural Imports From Sanctioning Countries For 1 Year – 6 August 2014

A one-year ban has been imposed on certain agricultural produce, foods and raw materials from countries that have sanctioned Russia. A law on economic measures to protect the country’s security has been signed by President Putin.

Aug 06 07:43

Office Depot to close 165 stores this year; settles lawsuit for $80 million

Boca Raton-based Office Depot said Tuesday it would close 165 stores during 2014 — up from the 150 estimated earlier this year — but stuck with a total count of 400 store closures through 2016, the company said.

The office-supply retailer, which merged with OfficeMax last year in a $1.2 billion transaction, said it has completed its analysis of which stores will be closed across the U.S. and Canada. Locally, the retailer has closed two OfficeMax stores, in Coral Springs and Deerfield Beach.

The company also announced on a conference call following its second-quarter earnings announcement that it has settled a California lawsuit for $80 million, which it expects to pay in the fourth quarter.

Aug 06 07:42

4 Million Fewer Jobs: How The BLS Massively Overestimated US Job Creation

To be sure, in a normal, vibrant, growing and most importantly, entrepreneurial economy, incorporating business creation vs business deaths is a perfectly reasonable statistical adjustment to the actual number of underlying jobs via the BLS business sampling that takes place every month.

There is one problem: the Fed's centrally-planned abortion of an "economy", in which the rigged, bubble market is the only leading indicator that everyone focuses on and from which everything else "flows", is anything but normal.

The latest proof of just how broken the economy has become, and serves as a big flashing red question mark about just how massively overestimated job creation is due to a wildly erroneous birth/death estimator, comes from a research report by the Brookings Institution titled: "The Other Aging of America: The Increasing Dominance of Older Firms."

Aug 05 11:04

Stocks Plunge On Russia Invasion Threat - Give Up All Post-Payrolls Gains

Yesterday, the S&P and Nasdaq bounced hard off the pre-payrolls level from Aug 1st. From the moment US cash equity markets closed yesterday, stocks have been dropping back. But now, thanks to this:

SIKORSKI: RUSSIAN UNITS POISED TO PRESSURE OR INVADE UKRAINE
SIKORSKI: RUSSIAN INCURSION WOULD BE HUGE ESCALATION OF CRISIS
SIKORSKI WARNS RUSSIA ON IMPACT OF CONVENTIONAL WAR IN EUROPE

The Dow, S&P and now Nasdaq have tumbled below yesterday's lows, eradicating all the post-payrolls gains in stocks. Treasury yields are tumbling (5bps off highs) and gold and silver and rising.

Aug 05 08:53

The United States' Farm-Grown Terrorism

Let's talk about America's farm-grown terrorism epidemic.

Back on September 11th, nearly 3,000 people lost their lives in the attacks on the World Trade Center, Pentagon, and in Shanksville, Pennsylvania.

Since 9/11, our government has spent over $7.6 trillion on military and homeland security operations in response to the deaths of those roughly 3,000 souls.

Now, compare that to the fact that each year, 23,000 Americans die from antibiotic-resistant infections, and another 2 million get sick.

That's the equivalent of nearly eight 9/11's per year. But our government isn't doing a thing about it.

Webmaster's Commentary: 

OF COURSE, the US government does nothing about this because Big Agriculture and Big Pharmaceutical are two industries which lavish campaign contributions on Congressional representatives, and know precisely what kind of legislation (or the lack thereof) will buy them.

In the 21st century, the US has a government of the corporations, by the corporations, and definitely FOR THE CORPORATIONS.

Individual voters are irrelevant and expendable, because by the time they are elected, Congressional Representatives have been thoroughly vetted in terms of what they will deliver to the companies which have supported them in the election cycles.

Aug 05 07:48

the IRS doesn't want you to see this!

After you listen to Ron Paul and Campaign for Liberty's Attorney, David Warrington, explain the stakes involved in this fight, please sign your "Statement of Support" immediately.

Aug 04 17:45

Spreading Debt and Death

Aug 04 12:36

Ron Paul Warns: The Dollar Collapse is Close

Webmaster's Commentary: 

Hence the rush to a new World War.

Crash of 1907 -> WW1

Crash of 1929 -> WW2

Crash of 2008 -> WW3

Get the picture?

Before the creation of the Federal Reserve, there was no such thing as a world war.

Aug 04 10:43

All of Tennessee’s Employment Growth Since 2000 Has Gone to Immigrants, Yet Natives Accounted for Two-Thirds of Population Growth

The Gang of Eight Senate immigration bill (S.744) passed last June would have roughly doubled the number of new foreign workers allowed into the country and legalized millions of illegal immigrants already in the United States. Both Tennessee senators — Lamar Alexander (R) and Bob Corker (R) — voted for it.

To put into context the possible effects of this legislation on Tennessee, the Center for Immigration Studies has analyzed recent government data on employment. The analysis shows that, since 2000, all of the net increase in the number of working-age (16 to 65) people holding a job in Tennessee has gone to immigrants (legal and illegal). This is the case even though the native-born accounted for 60 percent of the growth in the state’s total working-age population.

Webmaster's Commentary: 

"That's okay; all you working age Americans can just go on down to your local military recruiting office and get a fine job!" -- Official White Horse Souse

Aug 04 10:29

World Trade Organisation's future in doubt after India blocks trade deal

Global agreement collapses as Narendra Modi insists on food subsidy and stockpiling concessions for developing countries

Aug 04 07:38

G-20 Revolt? France Gets "Positive Reception" To Challenge US Bank Fines

In recent weeks France has defied US demands not to build Mistrals for Russia, has questioned dollar imperialism and the Petrodollar, and has blasted the US banking regulator's fines as "accelerating the decline of the dollar." So it is likely not a huge surprise that ahead of the G-20 meeting of world leaders later in the year, The FT reports, France has gathered support to challenge US regulators imposing heavy penalties on foreign banks.

Aug 04 07:16

FACEBOOK STILL BLOCKING POSTS WITH THE URL TO THE YOUTUBE VIDEO OF "ALL WARS ARE BANKERS' WARS."

Aug 03 07:22

Pentagon asks Congress to allocate $19 mln in support of Ukrainian army

Aug 01 09:21

WTO members fail to agree global trade deal

The World Trade Organization says its 160 members have failed to agree a global customs pact drawn up in meetings in Bali last December.

The Trade Facilitation Agreement would have streamlined global customs procedures, and should have been finalised by Thursday.

But it was blocked over a number of rifts, including India's demands for concessions on the stockpiling of food.

The WTO said it had not been possible to find a breakthrough.

Aug 01 09:14

Alle oorlogen zijn bankiersoorlogen

"Bankieren werd bedacht in ongerechtigheid en is geboren in zonde. De Bankiers zijn eigenaar van de Aarde. Neem het van hen weg, maar laat ze de macht om deposito's te maken en in een oogwenk zullen ze genoeg deposito's maken om het weer terug te kopen. Maar, neem het van hen weg en al de fortuinen als de mijne zullen verdwijnen en ze zouden moeten verdwijnen, omdat deze wereld dan een gelukkiger en betere wereld zou zijn om in te wonen, maar als je slaven wilt blijven van de bankiers en betalen voor de kosten van uw eigen slavernij, laat ze door blijven gaan deposito's te creëren."
- Sir Josiah Stamp, president van de Bank van Engeland in de '20 van de vorige eeuw, de tweede rijkste man in Groot-Brittannië

Webmaster's Commentary: 

This is one of the largest and most popular Dutch corporate media websites, which draws millions of visitors every day, and they just linked to the video of "All Wars are Bankers' Wars!" So looks like Facebook's ban was rather pointless.

Aug 01 08:41

RadioShack's days are numbered

Webmaster's Commentary: 

Radio Shack is where I used to go for parts and supplies to build things. That was their strength. But they dropped support for electronics hobbyists and went with the same consumer-level products everyone else is selling, and are now paying the price for forgetting what their original success was based on.

Jul 31 09:48

Russia And India Begin Negotations To Use National Currencies In Settlements, Bypassing Dollar

That is about to change when yesterday the Russian central bank announced that having been increasingly shunned by the west, Russia discussed cooperation with Reserve Bank of India Executive Director Shrikant Padmanabhan. The punchline: India agreed to create a task group to work out a mechanism for using national currencies in settlements. And so another major bilateral arrangement is set up that completely bypasses the dollar.

Jul 31 09:40

Obama's Russian Sanctions take hold - Dow down 200 as stocks end July with a thud

Webmaster's Commentary: 

I have no doubt that the announcement of a 4% growth in GDP was intended to offset the downward pressures from the new sanctions, but with the US Government having lied (and then "revised") that GDP figure so many times, not to mention the obvious frauds in reporting unemployment and inflation, nobody believes that 4% claim.

Jul 31 09:17

Deadbeat Illinois Evicted From Facility: DMV Office Hasn't Paid Rent in 13 Months

For 13 months, the Secretary of States' office refused to pay rent on its Belvidere facility. Due to that non-payment, the Department of Motor Vehicles is being evicted.

Local radio station WIFR spoke with one of the building's landlords, Diana Toft. Toft and her husband own the building on Pearl Street and they say they’re not willing to sign a lease because of the terms offered in it. Toft says the state owes them 13 months of unpaid rent, saying the state hasn’t paid since June 29th, 2013.

Jul 31 09:13

HSBC terminates Gaza-linked Islamic charity’s bank account and others

HSBC has written to an array of UK Islamic charitable organizations to inform them their accounts with the bank will be terminated. One such organization has carried out relief work in crisis-stricken Gaza for over a decade.

In formal letters issued to a think tank, a charity and a North London mosque, HSBC claimed continued provision of its services would counter its “risk appetite".

Family members of a man who runs the think tank have also received similar letters from HSBC. But the multinational bank reportedly offered no explanation for its decision to withdraw its banking services in these cases.

Jul 31 09:11

EU sanctions some of Russia's biggest banks, including #1 Sberbank

The European Union has imposed sectorial sanctions on five Russian banks, including the country’s biggest, Sberbank, as part of economic steps that Europe, along with the US, have taken against Moscow over the crisis in Ukraine.

The list, published Thursday, includes Sberbank, VTB Bank, Gazprombank, Vnesheconombank (VEB) and Russian Agriculture Bank (Rosselkhozbank).

These financial entities will be banned from raising capital on the EU’s capital markets.

Webmaster's Commentary: 
Jul 31 08:57

Detroit Residents Appeal to United Nations to Save Their Access to Water

The City of Detroit is shutting off water taps for its residents. Yet, corporations are not forced to pay.

Webmaster's Commentary: 

I was hoping that with control of the water system returned to the Mayor, this crisis was over.

Jul 31 08:42

FLASHBACK - JFK Vs The Federal Reserve

It appears obvious that President Kennedy knew the Federal Reserve Notes being used as the purported legal currency were contrary to the Constitution of the United States of America.

"United States Notes" were issued as an interest-free and debt-free currency backed by silver reserves in the U.S. Treasury. We compared a "Federal Reserve Note" issued from the private central bank of the United States (the Federal Reserve Bank a/k/a Federal Reserve System), with a "United States Note" from the U.S. Treasury issued by President Kennedy's Executive Order. They almost look alike, except one says "Federal Reserve Note" on the top while the other says "United States Note". Also, the Federal Reserve Note has a green seal and serial number while the United States Note has a red seal and serial number.

Jul 30 14:18

Argentina placed into ‘default’ rating as debt deal deadline expires

Argentina’s credit rating was downgraded to “selective default” by Standard & Poor’s as the South American country missed Wednesday’s deadline for a grace period during ongoing negotiations with holdout debt holders.

Wednesday is the cutoff for Argentina to make good on a $539 million payment to bondholders, which was placed on hold by a US judge’s order tying that payment to ongoing litigation by vulture funds which refused the country’s original cents-on-the-dollar debt restructuring offer.

Analysts generally do not believe that a default by Argentina will have the same consequences as in 2001.

Jul 30 12:46

Trading to Resume on Moscow Stock Exchange

Trading will begin again on the Moscow Stock Exchange at 5:50 p.m. after stopping abruptly on Wednesday afternoon, the stock exchange said in a statement.

Trading stopped at approximately 3:56 p.m. in Moscow, according to Interfax.

The stock exchange said in an earlier statement that the reasons for the interruption are being investigated.

Webmaster's Commentary: 

Hacking attack to try to shut them down?

Jul 30 09:41

"US Will Feel Tangible Losses," Russia Prepares To Unleash Retaliatory Trade Wars

"It's a troubling continuation/expansion of trade as a geopolitical tool," warns one Washington-based consulting firm as Russia prepares to unleash retaliatory actions to US and European sanctions. As Bloomberg reports, Russia said yesterday it may ban imports of chicken from the U.S. and fruit from Europe and is investigating McDonald's cheese for safety. In addition, a Russian lawmaker has drafted legislation that might result in U.S. accounting firms being barred from doing business in his country. All of this is odd given Jack "trust me" Lew's reassurance that Russian sanctions would have no impact on the US economy. Russia's response, US will feel 'tangible losses' from 'destructive, myopic' sanctions.

As Bloomberg reports, while Russia and the U.S. have long sparred over agricultural trade, the actions fueled speculation they could be retaliatory.

Webmaster's Commentary: 

Gee, ya THINK?!?!?!?

Jul 30 06:10

Swedish banks walk tightrope with sanctions

News agency Reuters reports that the EU has agreed on a sanctions package against Russia, over its role in Ukraine, on Tuesday. The details of the sanctions package will be finalized and released on Wednesday. The sanctions target the finance, defence and energy sectors.

The sanctions are initially set to last one year but a review will take place after three months, to judge their effectiveness. The sanctions were decided to only target future contracts, leaving existing contracts intact, like France's delivery of helicopter carrier warships to Russia.

According to Reuters, one of the sanction with the most impact will ban Europeans from buying new bonds or shares issued by banks owned 50 percent or more by the Russian state.

Jul 30 05:58

Q2:2014 US GDP Nowcast: +3.2%

The US economy is expected to post a substantial rebound in the government’s initial estimate of second-quarter GDP that’s scheduled for release on Wednesday, according to the Capital Spectator’s median econometric nowcast. Following the surprisingly sharp 2.9% decline for Q1 GDP (real seasonally adjusted annual rate), the US Bureau of Economic Analysis (BEA) is projected to report a 3.2% increase for its “advance” Q2 data on July 30.

Webmaster's Commentary: 

And three months from now they will "adjust" that one back down to reality.

Jul 29 20:45

Why the USA and England Had to Start World War Two

Why? Basically because their gangster overlords, the sleazy criminals that slither around the banks in Wall Street and the City of London financial district told them to get the war on.
The banksters were deathly afraid that Hitler's resuscitation of Germany's economy, which had been on life support and falling fast, but got turned around in a matter of years into what got called an economic miracle would start spreading to other nations, many of whom were being destroyed from within by the perverted banksters choke-hold on those nations.

Jul 29 15:30

Website of James Perloff, today's radio show guest.

Thomas Jefferson said:

Nothing can now be believed which is seen in a newspaper. Truth itself becomes suspicious by being put into that polluted vehicle. The real extent of this state of misinformation is known only to those who are in situations to confront facts within their knowledge with the lies of the day. I really look with commiseration over the great body of my fellow citizens, who, reading newspapers, live and die in the belief that they have known something of what has been passing in the world.

(Letter to John Norvell, June 14, 1807)

Jul 29 13:33

Obama: ‘Not a new Cold War,’ but new Russia sanctions announced

President Obama announced a new round of U.S. sanctions against Russian banks and a shipbuilding company Tuesday, saying Russia must pay an increasingly high price for its military aggression in Ukraine and the downing of a passenger jet.

The penalties follow tougher sanctions agreed to by European Union leaders earlier in the day.

“Today is a reminder that the United States means what it says,” Mr. Obama said in a statement on the South Lawn of the White House. “It didn’t have to come to this. There continues to be a better choice.”

Webmaster's Commentary: 

Jul 29 13:05

Detroit water department placed in mayor's hands

Control of Detroit’s massive municipal water department, which has been widely criticized by the United Nations and others for widespread service shutoffs to thousands of customers, has been returned to the mayor’s office.

Webmaster's Commentary: 

If he has any sense, the Major will leave the water running.

Jul 29 11:32

Folks Out There Have a “Distaste of Western Civilization and Cultural Values”

The Times then goes on to blame terrorism on “religious fanaticism…the anger among those left behind by globalization,” and the “distaste of Western civilization and cultural values” among the global dispossessed. The blinders and self-deception in such a statement are truly mind-boggling. As if corporate globalization, pushed by the U.S. government and its closest allies, with the help of the World Trade Organization, World Bank and IMF, had not unleashed a tremendous immiseration process on the Third World, with budget cuts and import devastation of artisans and small farmers. Many of these hundreds of millions of losers are quite aware of the role of the United States in this process. It is the U.S. public who by and large have been kept in the dark.

Webmaster's Commentary: 

Present company excepted, of course.

Jul 29 10:10

IMF warns of adverse effects of anti-Russia sanctions

The International Monetary Fund (IMF) has warned that the sanctions imposed on Russia over the ongoing crisis in Ukraine would have adverse effects on a global scale.

Speaking at a news conference on Wednesday, IMF spokesman William Murray said that the potential global impacts of the anti-Russia sanctions are “still under assessment, but clearly you would anticipate - through trade channels - that there would be an impact.”

Murray also emphasized that the sanctions are expected to affect the economies “that have very active and direct trade links with Russia, particularly in eastern and central Europe and central Asia.”

Webmaster's Commentary: 

Sanctions are most generally a prelude to war, and that is the scary part here.

And even more scary is the reality that the US government doesn't have the troop strength, the money, or the manufacturing to insure a positive outcome to a conventional war against Russia, meaning such a war may well go nuclear in a heartbeat.

Jul 28 11:25

America is buying disputed Iraqi Kurdish Crude Oil

Today a Marshall Islands-flagged tanker ‘United Kalavrvta’ carrying crude oil from Iraqi Kurdistan was anchored near the Port of Galveston, Texas, despite Washington’s long-standing concern over independent oil sales from the autonomous region. It would be at least the second time a U.S. company has taken delivery of oil that the Baghdad government says was smuggled from the country.

The semi-autonomous government in Kurdistan argues the exports are within its rights under Iraq’s federal constitution, but Prime Minister Nuri al-Maliki insists all Iraqi oil must be brokered by the state oil company.

The shipment is significant because it is one of the first from the new pipeline through Turkey, which Baghdad emphatically calls a smuggling operation. To make matters more tense with Baghdad, the Kurds siezed northern oil fields from ISIS control to keep them out of the hands of the Jihadist insurgents who control the northwest of the country.

Webmaster's Commentary: 

It is just a question of time before the government in Baghdad collapses completely, and Kurdistan's officials have been making statements about creating a completely independent country here.

Ultimately, like it or not, the US is going to have to deal with an independent Kurdistan, with oil to sell.

Jul 28 10:35

China Cements Eurasian Trade Routes With Great Silk Road Revival:

When it comes to the rise of Eurasia as the ascendent axis set to oppose US global hegemony, conventional wisdom focuses on the roles of China and Russia. However, the changing geopolitical landscape is certainly far more nuanced than merely the "west" versus the BRICS, and as the following infographic from SCMP shows, China has been quietly working to recreate one of the most legendary trade routes, "the Silk Road", linking Africa to the Middle East (Iraq and Iran) to India, to Indonesia and all culminating in Beijing, while at the same time the reverse leg of the route goes to Kazakhstan, Moscow and ultimately, Germany. The purpose: "to enhance political and economic ties with southeast Asia and beyond."

Jul 28 10:07

Africa’s Largest Refinery Finds 2.7 Tons Of Gold “Missing” After Computer System Upgrade

It’s one thing to implicitly admit that there is a physical gold shortage and as a result nations – such as Germany – are unable to repatriate their physical gold held in the safe and trusted confines 90 feet below the NY Fed, gold which may or may not be there and has likely been leased out exponentially to cover paper shorts by virtually every BIS-overseen central bank (and the BIS paper gold selling team itself of course).

It is something totally different to corzine, as in vaporize, 87,000 ounces of physical gold, some 2.7 tons, and blame it on a computer upgrade glitch.

Jul 28 09:52

Stock trader who called three crashes sees 20% collapse

Mark Cook, a veteran investor included in Jack Schwager’s best-selling book, “Stock Market Wizards,” and the winner of the 1992 U.S. Investing Championship with a 563% return, believes the U.S. market is in trouble.

Jul 28 08:27

The Fed Is Blowing a Titanic Stock Market Bubble Despite Media Denials

Is the Fed fueling a giant stock market bubble? ... Not only has the S&P 500 fully recovered from the financial crisis, it's a staggering 30% higher than the peaks of the Internet and housing bull markets. But is this really the case? With unemployment still above 6%, how could we find ourselves in the throes of yet another brewing catastrophe? Didn't investors and analysts learn anything from the past decade and a half? While it requires some explanation, the answer is that we're most likely not experiencing another irrational inflation of stock prices. – USA Today

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