Nov 12 10:07


Having exposed the world yesterday to the 2-mile long line of tankers-full'o'crude heading from Iraq to the US, globally the glut is becoming gargantuan. While the crude oil tanker backlog in Houston reaches an almost unprecedented 39(with combined capacity of 28.4 million barrels), as The FT reports that from China to the Gulf of Mexico, the growing flotilla of stationary supertankers is evidence that the oil price crash may still have further to run, as more than 100m barrels of crude oil and heavy fuels are being held on ships at sea (as the year-long supply glut fills up available storage on land). The storage problems are so severe in fact, that traders asking ships to go slow... and that is where we see something very strange occurring off the coast near Galveston.

And unlike the last oil price collapse during the financial crisis only half of the oil held on the water has been put there specifically by traders looking to cash in by storing the fuel until prices recover.

Nov 12 09:17

What Copper Just Said about China

Nov 12 09:10

Daisy Luther: Food As Wealth Preservation

Nov 12 09:01

Four US Firms With $4.8 Billion In Debt Warned This Week They May Default Any Minute

The last 3 days have seen the biggest surge in US energy credit risk since December 2014, blasting back above 1000bps. This should not be a total surprise since underlying oil prices continue to languish in "not cash-flow positive" territory for many shale producers, but, as Bloomberg reports, the industry is bracing for a wave of failures as investors that were stung by bets on an improving market earlier this year try to stay away from the sector. "It’s been eerily silent," in energy credit markets, warns one bond manager, "no one is putting up new capital here."

Nov 12 09:01

The 60-Second Summary Of Europe's Latest Crisis

Since the creation of the European Union, and its mutant cousin, the common currency Eurozone, it seems that Europe has been in a state of constant crisis... which, as a very prophetic AIG presentation foresaw has been precisely the point from day one. But while Greece is no longer a source of stress, now that the insolvent Mediterranean country gave up and conceded its sovereignty to its European overlords, Europe now finds itself in what many say is a far more serious crisis - one in which the cultural sovereignty of Europe itself is at risk from an unprecedented wave of mideast migrants which are entering the continent by the thousands every single day.

Nov 12 08:21

Gold Bullion Demand Surges 27% In Q3 – New Chinese “Buying Spree”

- Overall demand increased by 8% year-on-year to 1,121t as selling of futures contracts and ETFs contributed to a price dip, 6% in July, which buoyed gold demand around the world.

- Total consumer demand – made up of jewellery demand – totalled 928t, up 14%.

Webmaster's Commentary: 

Yet despite increasing demand, gold prices are being kept low, which is good for the buyers, but evidence of ongoing manipulation.

Nov 12 08:11

The Stench Of Freddie Mac Is Back——An $18 Billion Spree Of Crony Capitalist Thievery

Washington’s capacity to foster crony capitalist larceny and corruption never ceases to amaze. But according to the Bloomberg story below, Wall Street’s shameless thievery from US taxpayers is about to get a whole new definition.

To wit, Freddie Mac is handing three private equity billionaires deeply subsidized debt financing in order to undertake $18 billion in rental apartment deals. According to no less an authority than Morgan Stanley, the subsidy embedded in this cheap financing amounts to 150 basis points or roughly $150 million per year on the loan amounts in play.

Yet this largesse will serve no discernible public purpose whatsoever. Indeed, over the 10-year term of these loans the bonanza will amount to billions, but it will not generate a single new unit of housing. Nor will it provide a single dollar of incremental rent relief to any low or moderate income tenant.

Nov 12 08:11

Childcare now costs more than rent. No wonder more women are opting out of the workforce

A new research paper from the Economic Policy Institute (EPI), a worker advocacy group, finds that caretaking costs have become so exorbitant that in most parts of the U.S., families spend more on childcare than they do on rent (included in that number: babysitting, nannies, and out-of-home day care centers).

Nov 12 07:52

Another Day Older and Deeper in Debt

Nov 12 07:45

12 Doomed Facts About the S.S. Edmund Fitzgerald

The wind in the wires made a tattle-tale sound
When the wave broke over the railing
And every man knew, as the captain did too
'Twas the witch of November come stealin'
-Gordon Lightfoot, "The Wreck of the Edmund Fitzgerald" (1976)

On November 10, 1975, two ships made their way in tandem across the stormy waters of Lake Superior. One was the Arthur M. Anderson, led by Captain Jesse Cooper. The other, captained by Ernest McSorley, was the S.S. Edmund Fitzgerald.

The ship was last seen on radar around 7:15 p.m. All 29 men on board were lost with it, and today, 40 years after the most famous shipwreck in Great Lakes history, the cause is still a mystery.

Here's what we do know about the S.S. Edmund Fitzgerald, and what happened to it that fateful day:

Nov 12 07:40

Putin Has It Right: Obama is Pushing Thermonuclear Armageddon

Russian President Vladimir Putin addressed the opening of a conference of defense ministry and military industrial leaders in Sochi on Tuesday, and warned, in pointed language, that President Barack Obama's policies are driving the world towards thermonuclear extinction in the very near term. In effect, Putin offered the most air-tight argument for why the President of the United States must be removed from office now.

Nov 12 06:56

Tahoe is Back: Skiers Making Turns Weeks Ahead of Schedule

It’s snowing again right now, a bad Tuesday morning for area commuters, but great news for skiers and snowboarders. Almost two feet has fallen in the past week, and temperatures have also allowed them to start augmenting Mother Nature with snowmaking in full force. The mountains aren’t just gearing up, they are gearing up way ahead of schedule.

Nov 11 19:28

37,000 beds in British care homes cut by 2020 – report

Nearly 1,500 of Britain’s care homes will close by 2020 because of the financial crisis facing the sector, a new report predicts.

The National Health Service (NHS) will be left with an annual bill of £3 billion (US$4.55 billion) after 37,000 care home beds disappear over the next five years, according to think tank ResPublica.

Nov 11 19:21

4-minute video: how corporate media distract the 99.99% from .01% ongoing Empire of control, war, money

*hyperlinks/video live at source*

hat tip: Zen Gardener, Waking Times

The School of Life’s brilliant 4-minute video artistically reveals how the .01%’s corporate media continuously lie in omission and commission to keep the 99.99% distracted. The purpose of distraction by corporate media (just six corporations) is to conceal ongoing Empire; the very same quest for Empire taught in schools that led to two world wars.

The Emperor’s New Clothes truth is oligarchic power centered to control the public through war, money, and media. We the People are designated as their work animals: sheeple. The collectivization of Earth’s resources into fewer hands are proven by objective economic data (among hundreds: here, here, here).

The .01% destroy the planet they attempt to dominate. They are not a “master class,” but pathetic self-destructive psychopaths.

Nov 11 18:06

4 Harbingers Of Stock Market Doom That Foreshadowed The 2008 Crash Are Flashing Red Again

This is just the beginning of a time of great financial volatility. The things that we are going to witness in the months and years to come are going to be absolutely unprecedented. A massive global debt super-cycle is coming to an end, and the pain that this is going to mean for the global economy is almost too great to put into words.

Nov 11 17:20

Shocking, Little-Known Facts About Debt

Nov 11 16:57

Master Kush

Strain Highlights

Master Kush is a popular indica cross created out of two landrace strains from different parts of the Hindu Kush region. Master Kush is bred by the Dutch White Label Seed Company, located in Amsterdam. During maturation the plant produces a subtle earthy, citrus smell with a hint of incense, which is often described as a vintage flavor. The taste of Master Kush is reminiscent of the famous hard-rubbed charas hash. This strain holds a superb balance of full-body relaxation without the mind-numbing effect that many indica strains produce. Instead, Master Kush offers a sharpened sensory awareness that can bring out the best of any activity.

Nov 11 16:00

US Federal Reserve allows ruling elite to control monetary policy: Analyst

The US central bank, known as the Federal Reserve System and informally as the Fed, is an “anti-democratic” institution that has enabled a small ruling class to control the country’s financial system, according to an American journalist and radio host in New York.

Nov 11 15:49

Wal-Mart Workers Demand Discount on Food

Nov 11 15:45

The “War On Terror” Is The Hoax Foundation Of The Police/Spy State — Paul Craig Roberts

The “war on terror” was a hoax. Americans were deceived by policymakers, who are pursuing a hegemonic agenda. The American people were too trusting and too gullible and, consequently, Americans were easily betrayed by Washington and by the presstitute media.

The consequences of the deceit, gullibility, and betrayal are horrendous for Americans, for millions of peoples in the Middle East, Africa, Ukraine, and for Washington’s European vassals.

The consequences for Americans are an aborted Constitution, a police/spy state and rising resentment and hatred of America around the world.

The consequences for peoples in Somolia, Libya, Afghanistan, Iraq, Yemen, Pakistan, Syria, Palestine, and Ukraine have been massive deaths and dislocations, infrastructure destruction, internal conflicts, birth defects, invasions, bombings, drones. Millions of peoples have been murdered by Washington’s pursuit of hegemony, and millions have been turned into refugees.

Nov 11 15:38

It Looks Like a Major Market Top Is Forming

Nov 11 15:32

First major restaurant chain tests no tipping

Nov 11 15:30

Maintenance of U.S. Passenger Planes Outsourced to El Salvador, Mexico and China

Over the past decade, nearly all large U.S. airlines have shifted heavy maintenance work on their airplanes to repair shops thousands of miles away, in developing countries, where the mechanics who take the planes apart (completely) and put them back together (or almost) may not even be able to read or speak English. US Airways and Southwest fly planes to a maintenance facility in El Salvador. Delta sends planes to Mexico. United uses a shop in China. American still does much of its most intensive maintenance in-house in the U.S., but that is likely to change in the aftermath of the company’s merger with US Airways.

Nov 11 14:08

Earth to Stocks: Fed Likely to Hike

Nov 11 14:08


Nov 11 13:58

Netanyahu: The European Union should be ashamed of itself

Prime Minister Benjamin Netanyahu said the European Union should be ashamed of itself for approving new guidelines on Wednesday for labeling products made in territories that Israel captured during the 1967 Six Day War.

Webmaster's Commentary: 

If anyone should be ashamed it is Netanyahu!

Nov 11 13:48

BEX ALERT - A Trade Deal for Working Families By Barack Obama

As president, my top priority is to grow our economy and strengthen the middle class. When I took office, America was in the middle of the worst recession since the Great Depression -- but thanks to the hard work and resilience of the American people, our businesses have created 13.5 million jobs over the past 68 months, the longest streak of private-sector job creation in history.

Webmaster's Commentary: 

Basically, Obama is trying to sell you TPP.

Nov 11 13:22

Russian economist: How can business survive in a shrinking global market

Recommendations to the members of all the segments of the retail business are the same: Get used to live and work in a shrinking market, because over the next 3-5 years you can not hope for any change... Periods of calm, perhaps even short periods of growth are possible, but in general, the prospects of markets around the world are negative. The main advice in this situation: all entrepreneurs who are not capable to increase profit in a falling market, must exit the business today: this is the only way to minimize the losses... With regard to the role of business in an effort to overcome the crisis, you should not entertain any illusions: business is a mechanism for generating profit and not for solving social problems.

Nov 11 13:14

Profit Prisons – Inmates Charged for Jail Stay, Left Buried in Debt When they Get Out

Did you know that people who end up in prison for a variety of different reasons have a very good chance of being charged a fee for every day that they stay behind bars as if they were voluntarily staying at a hotel?

According to a new ACLU report, this is exactly what is happening all across the United States, in select prisons where these policies have been enacted. The BBC reported that roughly 10 million people in the United States owe a combined total of over $10 billion in “pay-to-stay” prison debt.

Nov 11 12:43

China Launching Gold Backed Global Currency

According to the article, China is recasting all of their gold reserves into small one kilo bars in order to issue a new “gold-backed” currency. Many say this will disrupt global trade and will eventually cause a collapse of the US dollar.

Nov 11 12:19

T’was the Witch of November Come Stealin’

Nov 11 12:18

New York City Landlords Flout Rent Limits, but Still Receive Lucrative Tax Breaks

As gleaming new housing towers spring up around New York City, thousands of new rent-stabilized apartments are coming onto the market. And in return for following rent limits, developers get a share of $1 billion in property tax breaks handed out by the city.

Nov 11 10:54

Forty-seven million Americans live in poverty right now

The middle class in America has been disappearing because of the rapid increase in the cost of living in the United States. Indeed, the cost of living in the United States (food, rent, medical insurance and so on) has been growing rapidly. On the federal level, the poverty threshold for a family of five makes up $28,410, although 51% of all American workers make less than $ 30,000 a year at the moment...According to the US Census Bureau, nearly 47 million Americans live in poverty right now. In 2007, approximately one out of every eight children in the US was receiving food stamps. Today, the index has grown to one of every five. Experts point out that there are 1.5 million households in the United States that live on less than two dollars a day. This number has doubled since 1996. Forty-six million Americans use food banks each year. The number of homeless children in the United States has increased by 60 percent in the last six years.

Nov 11 10:51

Moscow asked to lift embargo on 'friendly' foreign firms

Russian officials have asked the government to allow some foreign companies, currently under embargo, back into the country’s market, claiming the businesses had become “hostages of the anti-Russia sanctions’ policy.”

Nov 11 10:20

Chinese marine geologists have discovered about 500 tons of gold under the seabed in the East China Sea, local media reporte

MOSCOW (Sputnik) — The first undersea gold reserves and the largest gold deposit found in China was discovered after three years of investigations near Sanshan Island in east China’s Shandong province, 1.2 miles below sea level, the South China Morning Post newspaper reported Tuesday.

Nov 11 10:14

Global Trade Dramatically Collapsing: “Next Major Downturn Has Officially Arrived”

If you have been watching for the next major global economic downturn, you can now stop waiting, because it has officially arrived. Never before in history has global trade collapsed this dramatically outside of a major worldwide recession. And this makes perfect sense – when global economic activity is increasing there is more demand for goods and services around the world, and when global economic activity is decreasing there is less demand for goods and services around the world. So far this year, global trade is down about 8.4 percent, and over the past 30 days the Baltic Dry Index has been absolutely plummeting. A month ago it was sitting at a reading of 809, but now it has fallen all the way to 628. However, it is when you look at the trade numbers for specific countries that the numbers become particularly startling.

Webmaster's Commentary: 

When Presidential candidates palaver about "how great" this economy is, I have to wonder; "great"....for whom?!?

Right now, the economy is only "great" for the 1%.

Nov 11 10:10

Portugal rejects austerity

The fall of Portugal’s minority government is a done deal and the has trimmed its global economic projection for the second time in three months.

Nov 11 09:52

Moscow may block IMF lending to Ukraine - Bloomberg source

Russia is seeking ways to block the International Monetary Fund’s next loan payment to Ukraine if Kiev defaults on its $3 billion debt to Moscow in December; Bloomberg cites a source familiar with the matter.

The IMF’s current policy forbids it loaning to countries that default on other government debt. But last month the organization said it would go ahead with the promised $17.5 billion loan to Ukraine even if the country defaults on its debt to Russia.

Nov 11 09:38

Forty-seven million Americans live in poverty right now

The middle class in America has been disappearing because of the rapid increase in the cost of living in the United States.

Indeed, the cost of living in the United States (food, rent, medical insurance and so on) has been growing rapidly. On the federal level, the poverty threshold for a family of five makes up $28,410, although 51% of all American workers make less than $ 30,000 a year at the moment.

Nov 11 09:27

The Internet Needs a New Economy

Just a year or so ago, Bitcoin was weird. The digital “crypto-currency” had become fairly notorious as a preferred medium of exchange for hackers, outlaws, and the most strenuous libertarians. The underlying blockchain technology – a secure, distributed database requiring no central server or owner – was earning the curiosity of radicals and visionaries who saw in it the means of re-engineering the whole social order, of replacing banks and governments with distributed systems that ordinary people could manage together.

Nov 11 09:18

Western ‘Mainstream’ Extremism

Over the past quarter century, the US and EU turned their focus from systemic adversaries (anti-capitalist and anti-imperial states and movements) to attacking capitalist regimes, which (1) had adopted nationalist, re-distributive and Keynesian policies; (2) had opposed military interventions, coups and bases; (3) had aligned with non-Western capitalist powers; (4) had opposed Zionist colonization of Palestine and Gulf State-financed Islamist terrorists; (5) and had refuse to follow the financial agendas dictated by Wall Street and the City of London investment houses, speculators and vulture funds.

Nov 11 09:16

Get an Apple Watch or die warns Tim Cook

After hyping his first new product as Apple CEO to death, it appears Tim Cook is feeling the pressure to make the Apple Watch a success.

Sadly, that has not been the case and the expensive and not terribly useful wristwatch is expected to have sold just seven million units in its first year, against expectations of 30 million sales.

Not to be outdone, Our Cooky has hit the road in an effort to drum up interest, telling everyone that will listen about this tremendous product. That doesn't seem to have worked so he has turned up the pressure by warning people that if you don't get one you may die.

Nov 11 09:14

America’s Factories Are in Recession

Nov 11 09:06

Can We Hide From the Insane Master?

It’s time we lay naked the myth, expose it like ripping the shirt off a fat man’s belly. We are not a democracy. Americans are not free. Our politicians do not represent us. We have not been taught or told the truth. None. We are the new slaves.

Slaves must have a master. Yes. The master is the corporate glob that controls us, speaks for us, that provides us with our only voice, the corporate media, that uses us up for its profit, that engorges itself while masses of our people remain jobless and hungry and that uses our resources and children to extend its aggression across the world for more profit.

Nov 11 08:43

Biggest Silver Supply Losers For 2015

Nov 11 08:20

U.S. Threatens China, Russia With Nuclear Missiles For Challenging Dollar Supremacy [VIDEO]

The United States is indicating that it would sooner go to war with the Far East than suffer the defeat of an intense currency war over the rising yuan. Billionaire George Soros warned of this exact scenario earlier this year, stating that economic disputes with China provided a ‘real risk’ of triggering a third world war.


Nov 11 08:06

Large Companies Game H-1B Visa Program, Costing the U.S. Jobs

Théo Négri, a young software engineer from France, had come up with so many novel ideas at his job at an Internet start-up in San Francisco that the American entrepreneur who hired him wanted to keep him on.
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So he helped Mr. Négri apply for a three-year work visa for foreign professionals with college degrees and specialized skills, mainly in technology and science. With his master’s degree from a French university and advanced computer abilities, Mr. Négri seemed to fill the bill.

But his application for the H-1B visa was denied, and he had to leave the United States. Back in France, Mr. Négri used his data skills to figure out why.

Webmaster's Commentary: 

The reason companies are desperate for H1-B Visas is that the American education (indoctrination) system, crippled by common core, is unable to produce young people with the skills needed to keep America competitive in the modern global marketplace! American kids know what they are supposed to believe in and how to be politically correct, but they don't know how to actually think, analyze, solve problems, or innovate, because those skills have become a threat to the US ruling class.

Nov 11 08:03

Republican Candidates Rip the Fed ... Again

Ordinarily we would post something on a different topic given that our first article examined central banking. However, this report (see above) on the Republic debate is important to note, as it provides further evidence of opposition to a central Fed meme – namely that the Fed is neither competent nor providing a necessary service.

Almost a half-decade ago, we announced the Federal Reserve as a credible monetary facility was in significant difficulty and was losing support of the citizenry it was supposed to serve. Since then we've seen nothing to change that conclusion. The Fed as an institution is certainly in trouble and continues to lose credibility.

Webmaster's Commentary: 

The FED is a system of debt enslavement. It deserves to be ripped. In fact it deserves a good ass-whupping!

Nov 11 07:48

Keiser Report: Kilkenomics – Where Comedy Meets Economics

In this special double-header episode of the Keiser Report, Max Keiser and Stacy Herbert review Kilkenomics 2015 where comedy meets economics in Kilkenny, Ireland. They look at black swans, the ‘US Crisis,’ housing bubbles, the inequality of R.I.P. and the rock star economist, Yanis Varoufakis.

Nov 11 07:38

The Real National Debt: Is Krugman In Denial?

Nov 11 07:16

Germany to Spend Some $22.6Bln to Accept Refugees in 2015 - Think Tank

Berlin is expected to spend about 21.1 billion euros ($22.6 billion) this year on migrants arriving to the country, German Ifo Institute for Economic Research said in a statement.

Nov 11 07:12

Obama asks people to read TPP deal themselves

President Obama on Tuesday morning asked people to make their own judgment about the 12-country Trans-Pacific Partnership trade pact by reading it themselves online.

Webmaster's Commentary: 

We did. That's why we are pissed off!

Nov 10 19:57

Mastercard Pleases Investors with a Third-Quarter Revenue of $2.53 Billion

Mastercard’s third-quarter results topped expectations of many investors.

Nov 10 19:56

New Jobs and a Federal Reserve Interest Rate Increase May Occur By the End of 2015

Experts claim the economy is expected to pick up before the end of the year resulting in a light surge of new jobs along with a Federal Reserve interest rate increase.

Nov 10 19:55

Seven Individuals Charged $2 Billion by Federal Officials Due to Fraudulent Oil Spill Program

Seven people are being charged by federal prosecutors with fraud after allegedly charging more than $2 billion to set up a relief program for people affects by the Deepwater Horizon oil spill in 2010.

Nov 10 19:52

T-Mobile May Offer Subscribers Unlimited Data For Certain Applications

T-Mobile is releasing new features of its’ Uncarrier campaign that can cut down users’ data usage for steaming videos.

Nov 10 19:50

Stock Market Has Its' Best Month in Four Years

In October, the stock market seemed to have bounced back from an unimpressive summer.

Nov 10 19:48

Walgreens Buys Rite Aid in $17.2 Billion Deal

A new merger between Walgreens and Rite Aid, the #2 and #3 pharmacy stores in the U.S., will cause Walgreens to overtake the #1 chain, CVS.

Nov 10 18:02

How Jimmy Carter and I Started The Mujahideen

Q: The former director of the CIA, Robert Gates, stated in his memoirs [“From the Shadows”], that American intelligence services began to aid the Mujahadeen in Afghanistan 6 months before the Soviet intervention. In this period you were the national security adviser to President Carter. You therefore played a role in this affair. Is that correct?

Brzezinski: Yes. According to the official version of history, CIA aid to the Mujahadeen began during 1980, that is to say, after the Soviet army invaded Afghanistan, 24 Dec 1979. But the reality, secretly guarded until now, is completely otherwise: Indeed, it was July 3, 1979 that President Carter signed the first directive for secret aid to the opponents of the pro-Soviet regime in Kabul.

Nov 10 17:50

FLASHBACK: Sleeping With the Devil: How U.S. and Saudi Backing of Al Qaeda Led to 9/11

A little disingenuous or CUDP on the blowback angle but I like the pics and the vids!

Preface: The director of the National Security Agency under Ronald Reagan – Lt. General William Odom – noted:

Because the United States itself has a long record of supporting terrorists and using terrorist tactics, the slogans of today’s war on terrorism merely makes the United States look hypocritical to the rest of the world.

Odom also said:

By any measure the US has long used terrorism. In ‘78-79 the Senate was trying to pass a law against international terrorism – in every version they produced, the lawyers said the US would be in violation.

(audio here). Background here.

Nov 10 17:44

FLASHBACK: Al Qaeda and the “War on Terrorism”

Not to worry. Cause they are back. Those pesky Russkies are are enemy once again. Moderate terrorists are our friends!Orwell must be rolling in his grave.

One of the main objectives of war propaganda is to “fabricate an enemy”. The “outside enemy” personified by Osama bin Laden is “threatening America”.

Pre-emptive war directed against “Islamic terrorists” is required to defend the Homeland. Realities are turned upside down. America is under attack.

In the wake of 9/11, the creation of this “outside enemy” has served to obfuscate the real economic and strategic objectives behind the war in the Middle East and Central Asia. Waged on the grounds of self-defense, the pre-emptive war is upheld as a “just war” with a humanitarian mandate.

Nov 10 17:34

FLASHBACK: The CIA's "Operation Cyclone" - Stirring The Hornet's Nest Of Islamic Unrest

Zbigniew Brzezinski not long ago revealed that on July 3, 1979, unknown to the American public and Congress, President Jimmy Carter secretly authorized $500 million to create an international terrorist movement that would spread Islamic fundamentalism in Central Asia and "de-stabilise" the Soviet Union...
The CIA called this Operation Cyclone and in the following years poured $4 billion into setting up Islamic training schools in Pakistan (Taliban means "student").

Young zealots were sent to the CIA's spy training camp in Virginia, where future members of al-Qaeda were taught "sabotage skills" - terrorism.

Others were recruited at an Islamic school in Brooklyn, New York, within sight of the fated Twin Towers.

Nov 10 17:21

Russia’s military is proving Western punditry wrong

A thumbs up review of the Russian Military in Syria, its performance and weapons from the Brookings. Order out of Chaos You all!

Ever since the first indications that there were Russians encamped at the airfield in Latakia, theories have proliferated around Russia’s strategy in Syria, its intentions, and questions on just how far they (and others) will go. There are lots of things that these theories get wrong.

Many analysts have called Russia militarily weak, with some pointing specifically to its shortcomings in air and naval forces in Syria. But based on Russia’s battlefield performance so far, this assessment seems off: To the contrary, Russia has shown that it has the capability and capacity (not to mention willingness) to employ its conventional forces to achieve limited political objectives.
In the air.......

Nov 10 15:41

We Have Never Seen Global Trade Collapse This Dramatically Outside Of A Major Recession

If you have been watching for the next major global economic downturn, you can now stop waiting, because it has officially arrived. Never before in history has global trade collapsed this dramatically outside of a major worldwide recession. And this makes perfect sense – when global economic activity is increasing there is more demand for goods and services around the world, and when global economic activity is decreasing there is less demand for goods and services around the world. So far this year, global trade is down about 8.4 percent, and over the past 30 days the Baltic Dry Index has been absolutely plummeting. A month ago it was sitting at a reading of 809, but now it has fallen all the way to 628. However, it is when you look at the trade numbers for specific countries that the numbers become particularly startling.

Nov 10 14:30

$944,143,000,000: Social Security Administration Spending Hit Record in FY2015; $6,345 For Every American With a Job

Spending by the Social Security Administration–which includes payments for Social Security and disability benefits as well as Supplemental Security Income payments and the administrative costs for these programs–hit a record $944,143,000,000 in fiscal 2015, according to data published by the U.S. Treasury.

Nov 10 12:11

The October Jobs Report——Not Awesome, Just More Of The Same BLS Con Jobs

No, it wasn’t a “blow-out” jobs report. Inside the artificially bloated, trend-cycle adjusted headline number was the same old BLS con job and an economically devastating shortfall where it really counts. Namely, the US economy still has 2% fewer breadwinner jobs than it did 94 months ago at the pre-crisis peak in December 2007.

Nov 10 10:52

US public debt three times the size of officially declared amount - $65 trillion

The real amount of the US public debt, with due regard to all unfunded liabilities of the country now stands at around 65 trillion dollars, instead of the publicly stated 18.5 trillion, The Hill reports with reference to the former head of the Accounting Chamber of the United States David Walker. According to him, the officially declared amount should take account of unsecured civilian and military pensions, as well as liabilities to maintain the retired military, as well as extra underinvestment in social security and public health insurance. Furthermore, one needs to take into account various commitments and unexpected expenses of the federal government. As a result, the actual number grows up to 65 trillion dollars. Walker also said that the amount will continue to grow in the absence of reforms.

Nov 10 10:22


All over America, the middle class is dying and poverty is on the rise. One of the primary reasons for this is the rapidly rising cost of living in the United States. The cost of just about everything that average families shell out money for on a regular basis – food, rent, health insurance, etc. – is rising much faster than wages are. In a previous article I noted that the federal poverty level for a family of five is $28,410, but 51 percent of all American workers are making less than $30,000 a year at this point. We have seen an explosion in the number of people in this country that are considered to be “the working poor” and it gets worse with each passing year.

One of the most frustrating things for me personally is the rising cost of health insurance. Barack Obama promised that his program would result in a decline in health insurance premiums by as much as $2,500 per family, but in reality average family premiums have increased by a total of $4,865 since 2008.

Webmaster's Commentary: 

Even at the "big box" store where Mike and I occasionally shop for staples, the prices seem to reflect almost Weimar-style inflation.

I frankly do not know how families with kids are making it, except to source all they buy to the cheapest, GMO-type foods available.

Nov 10 10:19

Another Former Goldmanite Becomes Fed President: Neel "Chump" Kashkari Replaces Uber-Dove Kocherlakota

Having recently failed in his bid to be democratically-elected to California's governorship, it appears former Treasury Bailout chief and PIMCO 'equity' portoflio manager, Neel Kashkari has been selected (not elected) as Minneapolis Fed's next president, replacing the uber-dovish Kocherlakota starting January 1st...

Nov 10 10:16



One of the main reasons that solar energy is growing so fast in California is “net metering” … i.e. crediting rooftop solar users for surplus power their systems create, which is fed back into the grid for use by other customers.

Currently, rooftop solar owners are credited at the same rate they would pay the utility for electricity.

Not only is net metering a huge incentive to buy solar panels, but it is part of a wave of decentralized energy production which could help to solve our protect against terrorism, fascism and destruction of our health, environment and economy.

But the giant California utilities – PG&E, Southern California Energy and San Diego Gas & Electric – are determined to kill net metering, because it cuts into the profitability of their centralized energy production business.

Webmaster's Commentary: 

The money junkies who own the utility companies will stop at nothing to kill solar energy, just because it bites into their own profitability.

And in many cities and municipalities, attempting to live off-grid has become illegal, for the very same reasons.

Nov 10 10:14


While President Obama is meeting with Israeli Prime Minister Netanyahu at the White House today, there is no need to hold your breath for results, rather, there is a need to act. One way to make your actions heard is to support Palestinians’ economic steadfastness by helping us link Palestinian businesses to American businesses by making a U.S. tax-deductible donation and sending this request to your friends. We all have a role to play to end this occupation.

Here is a short (less than 4 min) video that was made last week when the AVPE Board met in Ramallah, despite the current volatile situation on the ground:

Nov 10 10:11


“Adults over 30 are less happy than their predecessors,” concludes a study published online Thursday in the journal Social Psychology and Personality Science, which examined happiness data from more than 50,000 adults, gleaned from the General Social Survey, carried out by NORC at the University of Chicago, a nonpartisan, independent research organization, which has collected information about American adults since 1972.

Nov 10 10:07

When the Rich Took Over Our Neighborhood

The Chinese restaurant across the street from me – one of the last, reasonably priced joints in the neighborhood – closed last weekend. Their lease was up for renewal and the rent increased from $5,000 a month to $25,000.

Such an enormous jump isn’t unusual here in the West Village, part of Greenwich Village in lower Manhattan, which has become such an expensive and trendy part of the city that I may soon be kicked out both for violating the fashion code and skewing the curve on median income.

The restaurant owner, who had run his place for three decades, was remarkably calm about it. “I understand,” he told the dining blog, Eater. “The property values are really high in this area.”

Nov 10 09:49

When Will America Jail Their Banksters Like Iceland is Doing?

The most dramatic contrast in the rule of law against the architects of financial theft can be seen in the way America protects their banksters and the accountability that Iceland imposed on their financial crooks. The fact that the orthodox financial press refuses to cover the incarceration of Iceland’s Bankers Face 74 Years in Prison While US Banks Profit After Your Bailout, is clear proof who really controls the political and economic institutions in the United States. As for the courts, America has long ago shredded the rule of law in this country.

“Five top bankers from Iceland’s two largest banks — Landsbankinn and Kaupþing — were found guilty of embezzlement, market manipulation, and breach of fiduciary duties. Though the country’s maximum penalty for financial crimes currently stands at six years, the Supreme Court is currently hearing arguments to extend the limit. Most of those convicted have so far been sentenced to between two and five years.”

Webmaster's Commentary: 

Iceland liquidated one of the worst offenders and gave each citizen roughly $200,000 as compensation for the fraud. When will we see THAT in the US? Right after that new ice skating rink in Hell opens up for business?

Nov 10 09:21

Massive Hacker Attack on JPMorgan

Nov 10 09:16

Billions spent by EU was 'possibly illegal'

The European Union misspent €6.3 billion in 2014, according to its financial watchdog, the European Court of Auditors. The EU Budget has failed the audit for the 21st year running.

Nov 10 09:10

Buffet would take a $2bn hit on IBM shares … if he cashed in now

Warren Buffet, one of the world’s wealthiest men and a stock market gambler renowned for avoiding tech bets, is counting the billions of dollars lost – as it stands – after taking a punt on IBM.

The tycoon’s Berkshire Hathaway fund has confirmed some 16 per cent of its $12.3bn cash splash on Big Blue shares over the past four years has evaporated due to the tech giant’s falling market cap.