ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jul 18 14:37

Prime Minister Tsipras’ Bailout Reform Package: An Act of Treason against the Greek People

After having launched a Referendum to refute and refuse the debt bailout agreement put together by the Troika, Prime Minister Tsipras together with his newly instated Finance Minister, comes up four days latter with an austerity package broadly similar to the one which was turned down by the Greek government in June.

This about-turn had been carefully engineered. The Greek people were misled and deceived. The Referendum was an outright ”ritual of democracy”.

Tsipras had made a deal with the creditors. He was in favor of accepting the demands of the creditors all along.

Jul 18 11:44

Greece Deal is 'Inhumane and Colonialist' Says Uruguay's Mujica

“What we have seen in Greece is a brutal thing. It is as if Europe had established a protectorate or something like that,” said Mujica in an interview with a local radio station Tuesday.

The former president also added that this decision by the Eurogroup “reminds us yet again that basically this is a Europe that decides. It's an heir of colonialist Europe.”

Jul 18 11:22

Clearing EU Hurdles, Greek Austerity Package Moves Forward

The German Parliament on Friday voted yes on entering a new round of negotiations for a Greek bailout, and the European Union formally approved a bridging loan—two steps that move the controversial €86 billion rescue package for debt-ridden Greece forward past a significant hurdle.

Parliament, or Bundestang, voted 439-119, with 40 lawmakers abstaining, in favor of beginning talks on a third bailout which, as Common Dreams reported on Thursday, "comes at a high political and social cost" through severe austerity measures—but which Greek Prime Minister Alexis Tsipras said he was "forced to accept."

Jul 18 11:14

The Constitution of the EU’s Dictatorship

That’s the treaty establishing (which was originally done in 2012) the ultimate lending-fund for what the EU now officially considers to be a permanent economic crisis in Europe, of member-nations that are experiencing “severe financing problems,” and that are therefore continually ripe for asset-stripping by aristocrats.

It’s called the European Stability Mechanism.

Jul 18 10:28

FED: Immigration flood taking jobs from American teens

American teen employment has dropped 20 percent from the late 1980s, in part because more and more immigrants have flooded into the market to displace native-born kids from jobs in percentages far higher than on adults, according to the Federal Reserve.

Jul 18 09:58

How Much Do You Earn In A Week?

Jul 18 09:54

FLASHBACK - THE LOOTING OF SOCIAL SECURITY TO BALANCE THE FEDERAL BUDGET

What we've been doing, Mr. Chairman, in all reality, is taken a hundred billion out of the Social Security Trust Fund, transferring it over to the spending column, and spending it. Our friends to the left here are getting their tax cuts, we getting our spending increases, and hollering surplus, surplus, and balanced budget, and balanced budget plans when we continue to spend a hundred billion more than we take in.

Webmaster's Commentary: 

Posted by reader request

Jul 18 08:57

Cops Impersonating Panhandlers in Massive Revenue Generation Scheme

Well well, it seems the bangers in blue have a new twist on an old tactic. The next time you come up to a stop light, and panhandlers are around, you might want to double-check your seatbelt and put your phone down. Cops are impersonating homeless people, to entrap you, and extort money from you for violating their sacred edicts passed down by the benevolent overlords.

Jul 18 08:18

Russia plans to ship fuel from Crimea to Syria

Russia plans to supply Syria with 200,000 tons of liquefied petroleum gas per year via the Crimean port of Kerch, two trading sources told Reuters.

The plans are a further sign of cooperation between the two countries despite hopes in the West that Russia might stop shielding President Bashar al-Assad from pressure to step aside.

Moscow had been shipping significantly lower volumes of LPG to Syria via Kerch before Russia annexed the Crimea peninsula from Ukraine in March 2014.

The United States and the European Union, which say the seizure of Crimea violates international law, have imposed sanctions on individuals and business in Crimea, which include restrictions on use of the Kerch port.

Webmaster's Commentary: 

It is interesting that no one at Reuters wanted to sign their name to this piece of codswallop.

Would someone please send Reuters a message, please that the "Big Lie" no longer works, and whatever credibility this alleged new organisation ever had, has now been well and truly flushed?!?

Russia did not annex Crimea.

After a US/NATO/ECB Putsch against the previous government last year, and the illegal installation of Poroshenko was accomplished, Crimea found itself without a legitimate government.

At that point, Crimea, which had been historically a part of Russia, until it was annexed by Kruschiev in the 50's, decided to request to become a part of the Russian Federation, in a free and fair election, witnessed by international observers. Russia accepted this referendum, and Crimea was again part of Russia, through the will of the Crimean people; not an annexation by Russia.

Russia has done nothing wrong, and the world knows this.

The US government narrative on Crimea is an absolute piece of fabrication, to goad Russia into a military conflict and thinking Americans have come to the place where they know they cannot trust anything the Us government says...except, occasionally about the weather; sometimes, they do get actually that right.

Jul 18 07:47

“BANK LIVES MATTER” – OBAMA ADMINISTRATION MAKES ANOTHER MOVE TO PROTECT PROFITS OF CRIMINAL MEGA BANKS

Three top Democrats are accusing the Department of Housing and Urban Development of quietly removing a key clause in its requirements for taxpayer-guaranteed mortgage insurance in order to spare two banks recently convicted of federal crimes from being frozen out of the lucrative market.

HUD’s action is the latest in a series of steps by federal agencies to eliminate real-world consequences for serial financial felons, even as the Obama administration has touted its efforts to hold banks accountable.

Webmaster's Commentary: 

There is utterly no accountability in the US government, at any level, whatsoever; what we have is a toxic, incestuous relationship between large corporations, and the politicians they buy. It is just that simple.

We are no more a government "of the people, by the people and for the people; this country has devolved to a government "of the corporations, by the corporations, and for the corporations.

Jul 18 07:43

FEDERAL RESERVE CHIEF YELLEN SAYS CONGRESSIONAL OVERSIGHT WOULD HURT ECONOMY

House Republicans want to impose greater oversight over the Federal Reserve, moves that the central bank’s top official claims would damage the U.S. economy.

Fed Chairwoman Janet Yellen testified before Congress this week as part of a semiannual appearance with lawmakers. She used part of her time before the House Financial Services Committee to speak out against legislative proposals to expand congressional review of the Fed’s decision-making.

“Efforts to further increase transparency, no matter how well intentioned, must avoid unintended consequences that could undermine the Federal Reserve’s ability to make policy in the long-run best interest of American families and businesses,” Yellen said

Webmaster's Commentary: 

A memo to Chairwoman Yellen: your policies, including tacit approval of the off-shoring/outsourcing of American jobs by multinational corporations, has destroyed American manufacturing, and with it, American lives.

Corporations love this process, shopping jobs to the cheapest labor pools they can find; but what happens to those Americans who are now without jobs due to that process?!?

Chairwoman Yellen, what happens, when people lose those jobs is a downward spiral to absolute hopelessness and helplessness. People lose their homes; their credit; and potentially health care; their access to school for their kids may well be in peril also.

But of course, as the representative of a huge private central bank, masquerading, badly, as an arm of US government (and we all know, the Fed is no more "Federal" than is the shipping company Federal Express), people do not matter to you or your colleagues; only profit.

I would, therefore, strongly encourage the Federal government to disband the Federal Reserve, and create money, as it is Constitutionally empowered to do, as a public utility, and not as a loan at interest.

Jul 18 07:25

TO PASS TPP, U.S. STATE DEPT. UPGRADES MALAYSIA’S HUMAN TRAFFICKING RANKING DESPITE DISCOVERY OF MASS GRAVES

Earlier this week, we wrote about a troubling move by the US State Department to “upgrade” Malaysia from a “tier 3? country to a “tier 2? country regarding human trafficking. This move came despite a near total lack of evidence of any improvement by Malaysia. In fact, just two months ago 139 mass graves were discovered for migrant workers who had been trafficked and/or held for ransom. And the US ambassador to Malaysia had publicly criticized the country for failing to tackle its massive human trafficking problem.

Webmaster's Commentary: 

OK, folks, it's official; when it comes to slave labor and human trafficking, this Administration has the morals...of a trout!!

Jul 18 07:21

GREEK BANKS WILL NOT RE-OPEN MONDAY EVEN AS LOAN TO REPAY ECB APPROVED

The timing could not be worse from a visual perspective but within minutes of the Eurogroup confirming that they approved the €7.16 billion bridge loan (which will merely be recycled back to The ECB to ensure the appearance of normalcy continues), local reports note that the Greek finance ministry says banks will not re-open on Monday (as promised).

The elites get their money...

Webmaster's Commentary: 

Monday may well see massive unrest in the major cities in Greece.

And if there is unrest, it would not be beyond the IMF and European creditors to hire one of the private, global mercenary armies to put that unrest down, with extreme prejudice.

This tactic is certainly not new to the IMF. As reported at http://www.aloha.net/~stroble/mercs.html in 1997, regarding a hydra-headed corporate entity called "Executive Outcomes" or EO, for short:

Salaries for EO hires range anywhere from $2000-$13,000 per month depending on the worker's experience and area of expertise. Contract military instructors receive approximately $2500 each month, while pilots receive closer to $7,000 each month.(86) These salaries often quadruple the amount that can be earned in the most prestigious government armies of Africa. In addition to a high income, EO provides life insurance for its workers.(87) In Sierra Leone, International Monetary Fund (IMF) money was used to finance EO's contract fee. Western powers supported the IMF initiative, remembering the long protracted war in Liberia and its devastating effect on the economy.(88) EO and its affiliated companies reportedly reaped further financial benefits from the contracted diamond mining concessions.(89) The Kono diamond fields yield approximately $300 million dollars in diamonds annually.(90) One report asserts that, in total, EO reportedly acquired payments valued at around $100 million dollars for their services of less than a year.(91) EO's annual revenues are reportedly between $25 million and $40 million dollars.(92) According to EO its revenue for the last four years was $55 million (U.S. dollars).(93)

I would not be willing to bet against the IMF having relationships with multiple private mercenary armies of this kind.

The government, having capitulated fully, has completely lost the trust of the Greek people.

And were I a betting person, if there is massive unrest in Greece next week, you can trust that the whorespondents and presstitutes in the US have been given their marching orders by their producers to focus on ABG (anything but Greece!!)

Update: according to an article in Bloomberg.com:

Greek banks will reopen on Monday as Prime Minister Alexis Tsipras rebuilds his government to shore up support for a bailout agreed with the country’s creditors. The banks, which have remained closed since June 29, will open July 20, the government said on Saturday. Most capital controls concerning withdrawals and money transfers will remain, and while the daily limit was held at 60 euros ($65), a cumulative limit of 420 euros a week was set, it said. Lenders will reopen a week after Tsipras and creditors agreed to a bailout program and Greek lawmakers approved legislation needed to release funding for the country. Hours after the vote, the European Central Bank approved emergency financing for the country’s lenders and the European Union finalized a bridge loan on Friday to provide a stop-gap until a full three-year rescue program, worth as much as 86 billion euros, is settled.

Guess this will all be sorted, one way or the other, by Monday morning in Greece.

Jul 18 07:20

How bad are things for the people of Greece?

Faced with the prospect of dwindling incomes or unemployment, many Greeks have been forced to look for work elsewhere. In the last five years, Greece's population has declined, falling by about 400,000.

A 2013 study found that more than 120,000 professionals, including doctors, engineers and scientists, had left Greece since the start of the crisis in 2010.

A more recent European University Institute survey found that of those who emigrated, nine in 10 hold a university degree and more than 60% of those have a master's degree, while 11% hold a PhD.

Jul 18 03:30

Blaming the Victim: Greece is a Nation Under Occupation

In the early hours of Thursday morning, July 16, the Greek Parliament passed a host of austerity measures in order to begin talks on a potential third bailout of 86 billion euros. The austerity measures were pushed onto the Parliament by Greece’s six-month-old leftist government of Syriza, elected in late January with a single mandate to oppose austerity. So what exactly happened over the past six months that the first anti-austerity government elected in Europe has now passed a law implementing further austerity measures?

Jul 18 03:27

Greece’s Lesson For Russia

Greece’s lesson for Russia, and for China and Iran, is to avoid all financial relationships with the West. The West simply cannot be trusted. Washington is committed to economic and political hegemony over every other country and uses the Western financial system for asset freezes, confiscations, and sanctions. Countries that have independent foreign policies and also have assets in the West cannot expect Washington to respect their property rights or their ownership. Washington freezes or steals countries’ assets, or in the case of France imposes multi-billion dollar fines, in order to force compliance with Washington’s policies. Iran, for example, lost the use of $100 billion, approximately one-fourth of the Iranian GDP, for years simply because Iran insisted on its rights under the Non-Proliferation Treaty.

Jul 18 03:21

Greece Surrendered: But to Whom Exactly?

On July 12, Greece surrendered abjectly and totally. Prime Minister Alexis Tsipras, who had promised to combat the austerity measure that are driving the Greek people to ruin, poverty and suicide, betrayed all his promises, denied the will of the people expressed in the July 5 referendum, and led the Greek parliament to accept an agreement with the nation’s creditors even worse than all those that had already caused the economy to shrink and which further abandoned the last scraps of national sovereignty.

Jul 18 03:14

We Are All Greeks Now

The poor and the working class in the United States know what it is to be Greek. They know underemployment and unemployment. They know life without a pension. They know existence on a few dollars a day. They know gas and electricity being turned off because of unpaid bills. They know the crippling weight of debt. They know being sick and unable to afford medical care. They know the state seizing their meager assets, a process known in the United States as “civil asset forfeiture,” which has permitted American police agencies to confiscate more than $3 billion in cash and property. They know the profound despair and abandonment that come when schools, libraries, neighborhood health clinics, day care services, roads, bridges, public buildings and assistance programs are neglected or closed. They know the financial elites’ hijacking of democratic institutions to impose widespread misery in the name of austerity. They, like the Greeks, know what it is to be abandoned.

Jul 18 03:00

European Council President Tells Greeks That Russia, China Are Their Enemies

Didn't you know: It was actually Russia and China that just imposed an ‘austerity’ program on Greece days after the Greek people had rejected it.

Jul 17 21:07

All Hail Our Banking Overlords!

You really have to be paying attention to see what’s truly going on these days. The keepers of the system, that is the banking elites, now openly control everything — though you’d never know that by listening to the mainstream media.

Jul 17 20:08

Agency to Enslave Greeks Is Established

Late on Thursday, July 16th, German Economic News headlined “Greece: Debt Restructuring Through the Back Door,” and reported that, “The majority of Greece’s national debt is to be moved in the next three years gradually to the euro bailout fund ESM [European Stability Mechanism], so that the IMF will continue to remain as a lender. The euro zone countries will thereby provide Athens a longer grace period [a temporary postponement of payments, while the 18% annual interest-rate soars Greece’s debt even higher], and longer repayment periods.”

Jul 17 17:07

Did the recession begin in January?

Jul 17 15:58

Identity clothing chain in receivership

The Identity women's clothing chain, which has 16 stores around the country, has been put into receivership.

The receivers said yesterday afternoon the stores will continue to trade.

Identity was started in 1985 and its website claims it has since "grown to become one of the leading fashion retailers in New Zealand". It stocks products at a range of price points, and its website advertises jackets for more than $500.

Jul 17 13:48

Greek Guilt and Syriza Perfidy

At this sad and very dangerous juncture of the unfolding events surrounding Greece and the crushing demands of the Troika, it becomes clear that all this would never have come to pass had the Greek people not felt guilty over their country’s debt situation. As a consequence of their feeling guilty since the crisis began in October 2009, the situation is rapidly turning into a human tragedy where an entire people are now faced with likely destruction.

Jul 17 13:40

Greek doctor describes the austerity regime imposed on his country as a "crime against humanity"

In an interview with the UK's Channel 4, a doctor whose hospital has had its budget slashed from €19 million to €7 million says the deal imposed on Greece is 'a crime against humanity'.

Jul 17 12:02

Ron Paul warns of coming stock market chaos as bottom falls out of market

Record highs or not, the stock market is in for a major crash in the near future, says former Republican presidential candidate Ron Paul. The economics expert and seasoned defender of liberty told CNBC recently that the Fed's fiat currency creation scheme can only maintain the illusion of economic stability and growth for a time before the bottom completely falls out and the chickens come home to roost.

Jul 17 10:55

Syriza Leader Calls for Pan-European Anti-Austerity Movement

Marina Prentoulis spoke with teleSUR and said support for the Syriza-led government is more important than ever. Marina Prentoulis, spokesperson for Syriza in the U.K., told teleSUR in an exclusive interview Thursday that what is needed is a “pan-European movement” capable of confronting the power of European capital and the neoliberal agenda of European leaders. The Greek parliament voted Thursday in favor of reform measures required by a deal reached between the government of Prime Minister Alexis Tsipras and Greece's creditors. Prentoulis argued the Greek government was under extraordinary pressure and that alone there was little it could do to resist the demands of European leaders.

Jul 17 10:55

Lapavitsas Calls for Exit as the Only Strategy for Greek People

In an intense speech in Athens, Costas Lapavitsas says the Syriza plan was to achieve radical change within the Eurozone - and that's impossible.

Jul 17 09:21

War on Twitter: #BoycottGermany trending over #BoycottGreece

Social media’s response to Germany’s hardline approach during the Greece bailout crisis wasn’t long in coming, as Twitter users called for a boycott of German products. A corresponding hashtag has been used more than 32,500 times.

The harsh conditions imposed on Greece as part of the third bailout proposal by European creditors has inspired Twitter users to start a #BoycottGermany campaign. According to web analytics service Topsy, the hashtag gained over 16,000 entries on Monday alone.

Jul 17 09:20

German lawmakers back starting talks on fresh Greek aid in test votes

Schaeuble says temporary Grexit may still be better option

* German lawmakers to vote on opening talks on Friday

* Conservatives, SPD back starting negotiations in test votes

* Merkel faces growing resistance from conservative bloc (Recasts with conservative and SPD test ballots)

Jul 17 09:16

China Announces Massive 57% Increase in Official Gold Reserves

Now we know why the cartel has mercilessly hammered the gold market over the past 2-3 weeks, as this morning China officially announced a 57% increase in its Official Gold Reserves in May, revising their gold holdings upwards by 604 metric tonnes from 1054 metric tonnes to 1658 in “one month”

Jul 17 08:46

China’s GDP growth is a total lie

As organizations like shadowstats have shown time and time again, our government likes to fudge the numbers on a regular basis. They think they can keep the party going indefinitely, so long as they convince the world that everything is just fine.

Jul 17 08:24

10 Things That Cost Much More Than Our Trip To Pluto

Pluto and the New Horizons probe have been the stars of the week, and an odd sidebar from CBS Minnesota on the voyage has been going viral. Reporter Pat Kessler observed that the 9-plus-year voyage cost $720 million—which just so happens to be a good deal less than what was spent to build the new Vikings stadium: $1 billion. And that $720 million got us more than just the time in space. NASA itself explains that the funds were and will be spent over the period from 2001 to 2016 on everything from spacecraft development to data analysis to public outreach. Here are nine more things that cost more.

Jul 17 08:06

GOING VIRAL! The Little Case that Threatened the Entire Banking System.

Mr. Morgan (the Bank’s only witness) admitted that all of the money or credit which was used as a consideration was created upon their books, that this was standard banking practice exercised by their bank in combination with the Federal Reserve Bank of Minneapolis, another private Bank, further that he knew of no United States Statute or Law that gave the Plaintiff the authority to do this.

So a straightforward simple case with very straightforward allegations. The case was tried to a jury. They found against the bank. Basically finding that the bank WAS NOT ENTITLED TO POSSESSION because it hadn’t given ANY CONSIDERATION (something of tangible value) when it made the mortgage!!

Jul 17 07:54

LIVE from GREECE: Greek People Victims Of Political Games

In general, people describe the current economic situation as hopeless; there is no outlook for growth whatsoever. Everyone agrees that this crisis will go on for many years before the country can see any economic improvement.

If anything, people are extremely frustrated. That remains underexposed in the media. The frustration comes from the fact that the masses believe they are disadvantaged with the ongoing reforms. People understand they have to contribute (by paying taxes for instance) to fight the crisis, but it has to happen equally: the ones who benefited most during the years of excesses should contribute proportionately more. And that is not happening. Even with this extreme left government led by Syriza, it is simply not happening.

Jul 17 07:13

Rome is on the verge of collapse and needs urgent repair, leaders warn

It may boast the Trevi Fountain, the Spanish Steps and the glories that were ancient Rome, but the city is now in chronic decline, its business leaders and inhabitants have warned.

The Eternal City is facing crisis, with its administration engulfed in corruption scandals and debt, its roads scarred by pot-holes, the main airport partially closed and a growing immigration crisis.

Jul 16 18:59

A Full-Blown Global Debt Crisis: The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis And And There Are 14 More That Are Rapidly Heading Toward One

There has been so much attention on Greece in recent weeks, but the truth is that Greece represents only a very tiny fraction of an unprecedented global debt bomb which threatens to explode at any moment. As you are about to see, there are 24 nations that are currently facing a full-blown debt crisis, and there are 14 more that are rapidly heading toward one.

Jul 16 17:01

Having a College Degree Might Make it Harder to Buy a Home

A new study from Trulia shows that those with a college degree are not saving up for their 20% down payment on their first house any faster than those without a college degree.

Jul 16 17:00

Warren Buffet to Re-Consider Investing in Reinsurance

One of Warren Buffets biggest money-making investments has been reinsurance, but recent changes in the industry may change that.

Jul 16 16:59

Greece: Bailout Still Far Away

Unless Greece commits to more economic reforms, Europe is not likely to offer a bailout to the country again.

Jul 16 16:58

Whole Foods Routinely Made Pricing “Mistakes”

Co-CEOs of Whole Foods, Walter Robb and John Mackey, recently released a YouTube video apologizing to customers for pricing “mistakes”.

Jul 16 15:24

The Only Thing Growing Is Debt

None of this is really new. US manufacturing has in fact been weak for a while. But the timing and circumstances make it ominous: Six years into a recovery and with interest rates at record (and unnaturally) low levels, this kind of gradual slowdown should not be happening

Jul 16 15:24

CBS To Dump Radio Jobs

Jul 16 15:01

The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis

There has been so much attention on Greece in recent weeks, but the truth is that Greece represents only a very tiny fraction of an unprecedented global debt bomb which threatens to explode at any moment. As you are about to see, there are 24 nations that are currently facing a full-blown debt crisis, and there are 14 more that are rapidly heading toward one.

Jul 16 14:42

When the Trucks Stop Delivering, ”The System” Will Collapse

Collectively speaking, most Americans take for granted the system in place to deliver essential supplies to their area. “The system,” an underlying infrastructure that keeps goods, services and commerce in America flowing creates a sense of normalcy and order. Food, water, gasoline and medications are just a few of the items restocked weekly in order for our dependent society to maintain a steady flow. What many fail to grasp is just how fragile the system is and just how quickly it can collapse.

Jul 16 14:42

Greek Banks Just Became A "Strong Sell" At Any Price

Even as Greek banks, severely depleted of cash and eligible collateral they can post with the ECB, stand to fight another day (and potentially face more withdrawals as soon as the Greek banks reopen supposedly on Monday) thanks to another €900 million liquidity infusion, investors in Greek bank shares will be less lucky: "to ensure a new bailout, investors in the country’s banks faced the prospect of their holdings being "wiped out" under the terms of a €25 billion recapitalization plan."

Jul 16 14:40

Tennessee Woman Arrested For Printing Money: "All These Other Bitches Get To Print Money So I Can Too"

In what is either the best example why one should never believe anything they read on the internet, or just blatant frontrunning of the last QE by a few years, earlier this week a woman from Kingsport, Tennessee was arrested for counterfeiting money. Her justification: she read online that President Barack Obama made a new law allowing her to print her own money. "I don't give a ****, all these other bitches get to print money so I can too."

Jul 16 14:38

Deutsche Bank probed by UK regulator for ‘laundering Russian cash’

Britain’s Financial Conduct Authority (FCA) has begun an investigation into whether Deutsche Bank breached anti money laundering laws for its Moscow clients, it has emerged.

The Financial Times reports the inquiry focuses on the bank’s so-called mirror trades executed in London and Moscow.

Jul 16 14:35

Iran’s Long-Game Diplomatic Strategy

Iran has sought negotiations with the U.S. for two decades, but both Democratic and Republican administrations favored hostility demanded by Israel and Saudi Arabia.

Now that Iran nuclear deal is completed, the attention of Western news media and political commentators is predictably focused overwhelmingly on the opposition to the agreement within the U.S. Congress and from Israel and the Saudi-led Sunni Arab coalition.

That media lens misses the real significance of the Joint Comprehensive Plan of Action, which is that Iran succeeded in negotiating an agreement with the United States that upheld its national right to a nuclear program despite the obvious vast disparity in power between the two states. That power disparity between the global hegemon and a militarily weak but politically influential regional “middle power” has shaped not just the negotiating strategies of the two sides during the negotiations but, more importantly, how they came about in the first place.

Jul 16 14:31

Who’s Next for Berlin’s Financial Blitzkrieg?

The financial terms dictated to Athens over the latest so-called bailout is nothing less than the subjugation of a sovereign country to the dictate of German banks. The troubling question for several European states is: who’s next?

Jul 16 14:16

Water: The New Gold? | Kitco News

Jul 16 13:40

IMF - Greek Debt Untenable

Overwhelming Greek debt is a time bomb sure to explode. It's unsustainable. It's just a question of when the Hellenic Republic implodes - crushed under the weight of a deepening financial burden no nation can bear indefinitely - especially ones with no control over their monetaryIt's got most House and Senate members convinced. It's working on others directly and through its Lobby - applying their usual heavy-handed pressure.

Jul 16 12:59

The German Siege Of Greece Begins (No, This Is Not A Repeat From 1941)

Did you notice that Greece’s creditors are not rushing to offer the Greeks a new deal in the wake of the stunning referendum result on Sunday? In fact, it is being reported that the initial reaction to the “no” vote from top European politicians was “a thunderous silence“. Needless to say, the European elite were not pleased by how the Greek people voted, but they still have all of the leverage. In particular, it is the Germans that are holding all of the cards. If the Germans want to cave in and give the Greeks the kind of deal that they desire, everyone else would follow suit. And if the Germans want to maintain a hard line with Greece, they can block any deal from happening all by themselves. So in the final analysis, this is really an economic test of wills between Germany and Greece, and time is on Germany’s side. Germany doesn’t have to offer anything new.

Jul 16 12:41

When the CIA First Overthrew a Government…

62 years later, the aftermath is still troubling global politics. Operation Ajax was a pivotal moment in US and world history. It was the first time the CIA overthrew a government. -- Yet even today the US government would rather not talk about it. That’s why it remains an unknown story for many Americans.

Jul 16 12:39

Why The Puerto Rico Debt Crisis Is Such A Huge Threat To The U.S. Financial System

The debt crisis in Puerto Rico could potentially cost financial institutions in the United States tens of billions of dollars in losses. This week, Puerto Rico Governor Alejandro Garcia Padilla publicly announced that Puerto Rico’s 73 billion dollar debt is “not payable,” and a special adviser that was recently appointed to help straighten out the island’s finances said that it is “insolvent” and will totally run out of cash very shortly. At this point, Puerto Rico’s debt is approximately 15 times larger than the per capita median debt of the 50 U.S. states. Yes, the Greek debt crisis is larger, as Greece currently owes about $350 billion to the rest of the planet. But only about $14 billion of that total is owed to U.S. financial institutions. But with Puerto Rico, things are very different. Just about the entire 73 billion dollar debt is owed to U.S. financial institutions, and this could potentially cause massive problems for some extremely leveraged Wall Street firms.

Jul 16 12:10

Capitalism Has Become Socially Dysfunctional

If you have not read John Perkins’ book, Confessions Of An Economic Hit Man, you should. The book is easy to read and explains clearly from the inside how US corporations deceive foreign governments into debts that they cannot service or repay and then use the IMF and World Bank as looting mechanisms and reduce the indebted countries to penury.

Jul 16 12:08

Micro-Apartments Are Coming to the Midwest

Des Moines doesn’t have a reputation for being particularly hip … or space-constrained. In this city of a bit more than 200,000 people, you can buy a three-bedroom house for less than $150,000 and find yourself a short drive from acres of rolling farmland. The local culture blog is called Des Moines Is Not Boring—a pretty good indication that it very well might be.

That makes the city a surprising place to find a growing market for micro-apartments—an imprecise term describing units that are smaller than traditional studios.

Webmaster's Commentary: 

But cost three times as much!

Because, after all, those money-junkies want mile-wide lawns around their palaces!

(ahem)

When the great plagues erupted in Europe, they spread like wildfire because the cramped living conditions of the poor made it easy for the fleas that carried the illness to hop from one person to the next to the next to the next. It appears as the world descends into a new feudal age that we may be repeating the same mistakes with the same potential outcome!

Jul 16 11:57

Germany Wastes No Time, Puts Greece "For Sale" On Craigslist

Jul 16 11:34

McDonald's franchisees are terrified for the future

"At least half of the operators in my region are on the verge of collapse," one franchisee wrote in response to the survey. "With minimum wage for fast-food workers potentially increasing to incredibly high levels, we are facing a crisis situation. "

Another said: "The operators sit on a cliff right now. With sales going in the wrong direction, all must be conservative in our decisions. It will take only one bad decision to put any operator down and out."

Webmaster's Commentary: 

McDonald's already made the bad decision when they value engineered their food to the point of undigestibility at the same time they tried to rebrand as upscale to compete with Starbuck's.

But of course it's just easier to drop the blame on workers who want a decent living wage ... so they can eat at McDonald's!

Jul 16 11:27

Greece: PM Tsipras Banishing Ministers Opposing Sellout to Creditors, Syriza Sharply Divided

Finance Minister Yanis Varoufakis resigned after being pushed out – replaced by Euclid Tsakalotos.

After leaving, he said he’s no longer under “incredible pressure to negotiate for a position I find difficult to defend…”

He cited the “complete lack of any democratic scruples (displayed by) the supposed defenders of Europe’s democracy. (V)ery powerful figures look you in the eye and say ‘(y)ou’re right in what you’re saying, but we’re going to crunch you anyway.”

Paying dominant bankers and large creditors like Germany alone matters – no matter the pain and suffering inflicted on millions of Greeks helpless against the war on their well-being.

Make no mistake. What’s happening in Greece signifies what’s ongoing throughout Europe, America, Canada, and other countries, heading for getting much worse – ending social justice to enrich monied interests more than ever, and at the same time, destroy what remains of democratic rights. Financial tyranny rules!

Webmaster's Commentary: 

Tsipras ran on a platform opposed to austerity, backed up by the recent referendum, sold out his party and his people to the money-junkies and is now executing a Stalinist purge against members of his own party still supporting those principles on which Tsipras campaigned!

This is why no politician can be trusted, ever, other than to do what they are paid to do by their masters in the banks.

During the French Revolution, the bankers went to the Guillotine long before King Louis XVI and Marie Antoinette.

That was not merely by chance!


Jul 16 11:12

WHY THE US FED GOV JUST CAN NOT SAY NO TO WAR

I urge anyone who reads this to watch the video above called All Wars Are Bankers Wars that will reinforce my stance and opinion into a more digestible understanding of the how and why and greed and inhumanity, as there is far more going on here than I can put into this already over lengthy op-ed and I will now explain why and how we keep the wars going and in doing so make a small cartel of banksters richer… for here is the crux of it all and HERE is an example of exactly how I understand what happens…

Jul 16 10:47

Protests Erupt in Athens As Greece Approves Eurozone Bailout

TRNN's Jaisal Noor speaks to protestors in Athens, Greece about why they oppose the $96 billion dollar Eurozone bailout the Greek Parliament passed late Wednesday by a vote of 229 to 64

Webmaster's Commentary: 

Jul 16 10:23

Greek riots: Petrol bombs thrown in Athens as Greece votes through austerity reforms - live video stream

The bill fuelled anger in the governing Syriza party and led to a revolt by its members against the prime minister Alexis Tsipras, who has insisted the deal was the best he could do to prevent Greece from catastrophically crashing out of Europe's joint currency.

The vote came after an anti-austerity demonstration by about 12,000 protesters outside parliament degenerated into violence as the debate was getting under way on Wednesday night.

Riot police battled youths who hurled petrol bombs for about an hour before the clashes died down.

Demonstrations are continuing today as Greece seeks urgent relief from European lenders.

Webmaster's Commentary: 

Jul 16 10:22

Violence in Athens After Painful Bailout Deal Passed

Greece awoke with a political hangover on Thursday after parliament approved a stringent bailout program, thanks to the votes of the pro-European opposition, amid the worst protest violence this year.

The vote, vital to unlocking emergency financing from European partners as early as Thursday, left Prime Minister Alexis Tsipras weakened by a revolt in his leftist Syriza party but clinging to power for now.

Jul 16 10:09

Greece Needs to Exit!

Jul 16 10:01

Zionists Use Donald Trump to Fix Another Election

by Henry Makow Ph.D.

Like a turd that won't flush, Donald Trump is back again to serve his Illuminati Jewish masters. This time around, his role is to win the GOP nomination and throw the election to Hillary Clinton, the Illuminati bankers' preferred candidate.

If this seems farfetched, consider that Trump is allegedly leading the other GOP candidates by a large margin. He catapulted into the lead by pretending to champion ordinary Americans who are fed up with illegal immigration. Calling Mexicans "rapists" is a little extreme but he needed to get attention fast.

Jul 16 09:48

Guy Threatens To Shoot Out With Sheriff

Guy posts a video saying he will be in a standoff with the Sheriff's department in Michigan due to a pending eviction, and he fully expects to be killed.

Webmaster's Commentary: 

See the article about the 1968 Credit River Case below.

Jul 16 09:46

US Military Coup for Euro Meltdown?

The capitulation of the Greek government to Berlin-led finance capital is a daunting watershed moment. It marks the “disciplining” of the wider European electorate under corporatist financier rule. What is happening in Greece is a forerunner for other European Union states.

Jul 16 09:45

White House Cuts 2015 GDP Outlook By 33%

Despite President Obama's hubris over the 'recovery', his crowing about the jobs record, and his insistence that while "there's more to be done," everything is awesome, The White House just took the meat-cleaver to its US economic growth forecasts...cutting 2015 growth from 3% to 2%. That was not all though as their forecasts see no recession until at least 2025, unemployment under 5.0% for at least the next decade, stable inflation for 10 years, and last but not least - a 3-month T-Bill rate of over 3% within the next few years.

Jul 16 09:26

High street shops enjoy huge sale spike after thieves destroy Welsh town's parking meters

A Welsh town is enjoying a huge spike in sales after all four central parking meters were destroyed.

Retailers in Cardigan, a coastal town in Wales popular with tourists, have claimed profits spiked by as much as 50 per cent after thieves smashed the town’s four parking meters.

The local council’s struggle to find the £22,500 needed for repairs is being greeted with delight by local shoppers and retailers.

“It demonstrates what we’ve been saying for years: if you have lower parking fees, or even no fees, then people will come into town,” Martin Radley, current chairman of Cardigan Traders told the MailOnline.

Jul 16 09:20

Sweet Cakes by Melissa raises record amount of cash on crowdfunding site

Americans are wakin up.They have had it with the so-called homosexual rights movement and put their money where their mouths are!

Supporters of the Oregon bakery Sweet Cakes by Melissa are putting their money where their mouth is.

A crowdfunding campaign for the embattled business has eclipsed $350,000 in little more than two months – a record amount on the Continue to Give site, The Washington Times reports.Jesse Wellhoefer, founder of Continue to Give, said the Sweet Cakes effort has raised more than any previous campaign on behalf of individuals in the three-year-old crowdfunding website's history, the Times said.

Coupled with $109,000 raised through GoFundMe and an undisclosed amount raised through Samaritan's Purse, online donors have contributed upwards of $450,000 to help bakery owners Aaron and Melissa Klein in their legal battle with a state agency that found they discriminated against a lesbian couple when they refused to make them a wedding cake.

Jul 16 09:18

ALL WARS ARE BANKERS' WARS!

"Banking was conceived in iniquity and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of a pen they will create enough deposits to buy it back again. However, take it away from them, and all the fortunes like mine will disappear, and they ought to disappear, for this world would be a happier and better world to live in. But if you wish to remain slaves of the Bankers and pay for the cost of your own slavery, let them continue to create deposits." -- Sir Josiah Stamp, President of the Bank of England in the 1920s, the second richest man in Britain

Webmaster's Commentary: 

Time for a repost. Please feel free to copy and post everywhere.

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Jul 16 09:12

Global carmakers prepare to return to Iran

Jul 16 08:59

Federal Reserve Spies on France

Following last week's eavesdropping reports, WikiLeaks shared new documents with Libération and Mediapart. This time, the new documents reveal that the NSA was spying on France's best performing companies for economic intelligence purposes.

Webmaster's Commentary: 

The NSA isn't looking for criminals and terrorists. We already proved the NSA cannot break any codes created by real criminals and terrorists. The NSA is spying on law abiding citizens to steal their business secrets, and if they are doing it to the French, they are doing it to YOU!

Jul 16 08:59

America's stock market is shrinking

The number of publicly listed U.S. stocks peaked at a record 7,562 during McGwire's record-setting summer of 1998, according to the Wilshire 5000 Total Market Index. Today, there are just 3,812.

So what gives? Simply put, there are more companies disappearing than entering the stock market.

This isn't a trivial problem that only matters to bankers on Wall Street. Not only do investors have fewer options to invest in, but it directly impacts American jobs.

"We're shrinking the stock market. Unless we figure out how to create a lot more startups and a lot more IPOs, the economy is going to continue to generate jobs at lower rates than it should," said David Weild, former vice chairman at Nasdaq who has testified in Congress about capital markets.

Jul 16 08:51

Wisconsin governor strips workers’ wage protections

With the stroke of a pen, Wisconsin’s governor passed a two-year spending bill which also strikes down a key wage protection law. The prevailing wage law ensured government contract workers were paid comparable rates in any given industry.

“With this budget, taxpayers come first,” said Republican Governor Scott Walker announcing the passage of his $72.7 billion biennial budget.

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