ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Apr 10 07:49

PetroChina overtakes ExxonMobil to become world’s biggest energy company

The capitalization of China’s biggest oil producer PetroChina reached $352.8 billion during Thursday trading in Shanghai, surpassing ExxonMobil as the world’s most valuable energy company for the first time since 2010.

Apr 10 07:43

Pentagon kick-starts program to maintain superiority of US technology

“New in Better Buying Power 3.0 is a stronger emphasis on innovation, technical excellence, and the quality of our products,” Under Secretary of Defense for Acquisition, Technology and Logistics Frank Kendall wrote in a memo ordering the program's implementation. “We will continue our work to improve productivity and efficiency, but we must also turn out attention increasingly to our ability to innovate, achieve technical excellence, and field dominant military capabilities.”

Webmaster's Commentary: 

Translation: "We botched the F-22, F-35, Independence class, the Gerald Ford, SBX, etc. so badly we need you taxpayers to fork over another few trillion in the hope we can actually do things better."

Apr 10 07:37

New York Daily News Losing $30 Million a Year – [Corporate] Media is DYING

Webmaster's Commentary: 

I changed "Mainstream" to "Corporate" in the headline, because the corporate media is no longer the mainstream. Their audience numbers prove they are a minority influence on the minds of America (although they will claim otherwise).

Apr 10 05:40

Crude oil slides after volatile week

Crude oil slides after volatile week, but stays above $50-a-barrel mark

(*A volatile week of , one might imagine , derailing oil trains , sabotaging pipe lines , bombing oil refineries in middle east countries , price fixing , and the best they could do is keep it over $50 a barrel ?)

Apr 10 05:11

Deutsche Bank on brink of biggest ever Libor-rigging fine

German financial giant set to exceed $1.5bn paid by UBS over rigging of interest rate benchmark

Deutsche Bank is close to agreeing a record fine of more than $1.5bn (£1bn) over manipulating Libor, with the German financial giant also expected to plead guilty to fraud in the UK.

The bank will be one of the last to pay out in the Libor-rigging scandal, which emerged almost three years ago when Barclays blew the whistle on rigging rates.

The Financial Conduct Authority in London, as well as US regulators, are close to agreeing a fine with Deutsche Bank, which will be the biggest-ever bill for Libor.
***
Banks have also been fined by Dutch, Swiss, and EU regulators for manipulating benchmarks. For years, traders colluded to manipulate Libor - a benchmark that sets the interest rates for billions in financial products.

Apr 10 04:55

Scott Walker's trip to Great Britain cost taxpayers $138,200

— On the eve of another foreign trip, Gov. Scott Walker's administration disclosed Thursday that Wisconsin taxpayers paid $138,200 for his February trip to Great Britain — a trade mission laden with political overtones from his likely 2016 presidential bid.

The Wisconsin Economic Development Corp., which organized the six-day trip to England, laid out the costs in response to a request from the Milwaukee Journal Sentinel, doing so a day before another taxpayer-funded, weeklong European trip that Walker is taking as he seeks to boost his foreign policy credentials.

(*Things will be way different , once he gets in !)

Apr 09 15:46

Wall Street Fees Wipe Out $2.5 Billion in New York City Pension Gains

The Lenape tribe got a better deal on the sale of Manhattan island than New York City’s pension funds have been getting from Wall Street, according to a new analysis by the city comptroller’s office.

The analysis concluded that, over the past 10 years, the five pension funds have paid more than $2 billion in fees to money managers and have received virtually nothing in return, Comptroller Scott M. Stringer said in an interview on Wednesday.

“We asked a simple question: Are we getting value for the fees we’re paying to Wall Street?” Mr. Stringer said. “The answer, based on this 10-year analysis, is no.”

Until now, Mr. Stringer said, the pension funds have reported the performance of many of their investments before taking the fees paid to money managers into account. After factoring in those fees, his staff found that they had dragged the overall returns $2.5 billion below expectations over the last 10 years.

Apr 09 15:39

Iran – The Story behind the Story

Allowing a country like Iran destroying the US hegemon’s power base by taking a sovereign decision to abandon the dollar for oil and gas trading – no way.

It would have meant the end of the dollar as the world’s chief reserve currency, and giving up the instrument of coercing the world into accepting Washington’s dictate, the tool that serves to dish out sanctions left and right – no way!

Washington’s seemingly blind and preposterous arrogance drives the closest allies into the ‘adversary’s camp. The FED (Federal Reserve Bank) announced on 2 April 2015 that it fined the German Commerz bank with 1.7 billion US dollars for dealing with Cuba, Sudan and Iran – Washington sanctioned countries.

When even the staunchest stooges of empire seek alliances in the East, the writing is on the wall, that the economic winds are shifting, that a tectonic sea-change is in the offing and that the Iran nuclear deal, one way or another, doesn’t really matter in the foreseeable future.

Apr 09 15:17

13 Major Global Economic Worries

Apr 09 14:05

Walgreens to renounce U.S. citizenship

Walgreens CEO, Gregory D. Wasson, announced that it plans to move its corporate headquarters to Switzerland as part of a merger with Alliance Boots, a European drugstore chain. The move will allow Walgreens profits to be taxed a lower rate in Switzerland and reduce Walgreens taxes in Illinois.

Walgreens plans the move, even though the taxpayers of Illinois gave it a $6 million tax credit over a period of 10 years, provided $625,000 in training money and $875,000 in additional tax incentives.

Apr 09 13:59

World's largest economy (PPP) 1000-2015

Apr 09 13:45

Eiffel Tower, schools, airports shut as thousands take to French streets in nationwide strike

A nationwide strike in France has seen thousands of people march instead of going to their regular jobs on Thursday. The union-led protest affected public services, air traffic, radio broadcasts and Paris’ most-famous landmark.

The strike is a day after President Francois Hollande's government said it expected one percent economic growth this year and lowered its forecast for 2016 and 2017.

The unions are protesting against budget cuts and a number of other grievances they have against the government or employers.

Thousands of protesters marched in Paris between Place d’Italie and the Invalides

Apr 09 13:44

BRICS $100bn reserve currency pool to soothe global shocks – Medvedev

The creation of the BRICS reserve currencies pool worth $100 billion will allow member states to depend less on negative processes in the world economy and bypass market volatility, said Russian Prime Minister Dmitry Medvedev.

Apr 09 13:31

Iran Joins China-Led Asian Infrastructure Investment Bank

The China-led Asian Infrastructure Investment Bank accepted Iran's membership on Tuesday, the Iranian embassy in Beijing said.

Apr 09 13:22

Israel Applies To Become Founding Member of China Development Bank

The Israeli government has submitted its application to become a founding member of a controversial Chinese-led development bank, in a move that is likely to cause consternation in Washington.

Newly re-elected Prime Minister Benjamin Netanyahu signed a letter to join the Asian Infrastructure Investment Bank (AIIB) by the March 31 deadline, according to the country’s foreign ministry.

Israel would become the latest country to join the 40-nation bank, which already includes the UK, Germany, France, Italy and Australia.

“Israel’s membership in the Bank will open opportunities for integration of Israeli companies in various infrastructure projects, which will be financed by the bank,” said an Israeli government statement.

The creation of the Bank, under the vision of Chinese premier Xi Jinping, has attracted criticism from the United States, who has warned their closest allies against courting better relations with Beijing.

Apr 09 12:06

Cost of negative bank rates

So you thought that the unimaginable could not happen

Apr 09 11:25

Biggest Deal Of The Year, Shell Buys The British BG Group

Royal Dutch Shell has agreed to buy BG Group by 47 billion pounds — equivalent to 69,700 million dollars, as both companies announced Wednesday. The operation gives the big oil company Shell participation in global markets for natural gas in oil prices decline.

http://whatisusa.info/biggest-deal-of-the-year-shell-buys-the-british-...

Apr 09 10:37

Consensus Global EPS Growth Now Vs. 6m Ago

Apr 09 10:25

Widespread Outages A Sign Of Bigger Problems To Come?

A massive power outage blacked out thousands in D.C. and Maryland and officials say the issue started with transmission equipment dozens of miles away.

Now– some are raising the red flag about how fragile the power grid really is.

Webmaster's Commentary: 

"Look, we are really sorry about the blackouts. Hey, it hit the White House, too, so don't complain to me! And we are sorry about the water main break that flooded the subway in New York, but look on the good side; it probably drowned all those rats and homeless people. And yes, the decay of the water systems out west is a huge part of the reason California is going back to desert, and I know you are all complaining about the high taxes and wondering why that money is not being spent on this nation's infrastructure. But government is choosing. Government is prioritizing, and right now the priorities we have are propping up Wall Street, truckloads of cash and weapons for Israel, and paying for all these wars across the globe, and you Americans better stop whining and complaining and get with the program, dammit!" -- Official White Horse Souse

Apr 09 09:36

Corporate Media: Cash Is Dirty, We Must Ban It

Apr 09 09:31

Louisiana Bans Cash Transactions on Used Goods!

The State of Louisiana has just passed new legislation BANNING cash transactions for used goods, mandating that any purchase be made via check, electronic transfers, or money order issued to the seller.

The draconian new law also requires all transactions to provide the State documentation of a description of the goods sold, and the client’s personal information including name, address, driver’s license number and the license plate number!

Apr 09 08:49

Biggest Deal Of The Year, Shell Buys The British BG Group

Royal Dutch Shell has agreed to buy BG Group by 47 billion pounds — equivalent to 69,700 million dollars, as both companies announced Wednesday. The operation gives the big oil company Shell participation in global markets for natural gas in oil prices decline.

http://whatisusa.info/biggest-deal-of-the-year-shell-buys-the-british-...

Apr 09 08:48

One Last Look At The Real Economy Before It Implodes - Part 4

Brandon Smith
Activist Post

In the first three installments of this series, we examined the realities behind supply and demand, unemployment and personal debt, and national debt. As has been proven in each consecutive article with ample evidence, mainstream establishment numbers are, for the most part, utter garbage. They are not legitimate. They are meaningless...

In this installment, we will explore the purpose of these lies; to hide the imminent destruction of our currency — by hook, by crook and by fiat...

Apr 09 08:44

Russian PM offers Thailand free trade zone with Eurasian Economic Union

Russian Prime Minister Dmitry Medvedev has suggested Thailand considers creating a free trade zone with the Eurasian Economic Union.

Apr 09 08:24

$8.5mn Worth Gold Stolen From Canadian Mine In Mexico

The Canadian mining McEwen Mining was the victim on Tuesday, a spectacular robbery at one of its mines in Mexico which criminals appropriated 7,000 ounces of gold worth $ 8.5 million, according to the company.

http://whatisusa.info/8-5mn-worth-gold-stolen-from-canadian-mine-in-me...

Apr 09 07:59

Head of London-listed company linked to illegal clearing of Peru rainforest

The CEO of a company listed on the London Stock Exchange, that aims to become the world’s largest producer of cocoa, is responsible for illegally clearing swathes of rainforest in the Peruvian Amazon, according to a report by the Environmental Investigation Agency (EIA).

The website for the Cayman Islands-based company, United Cacao, implies the company could be a force for positive change in the chocolate business, mostly produced in West Africa, stating that it “seeks to provide a clear path forward for ethically-produced cacao to the world marketplace”.

But the EIA investigation alleges the company’s founder and CEO, Dennis Melka, has illegally deforested about 7,000 hectares (17,300 acres) of mostly primary rainforest. It says he is looking to expand his agricultural plantations by acquiring 450 units of rural private property in the Amazon, in addition to requesting at least 96,192 additional hectares of public land from the Peruvian government.

Apr 09 07:38

Is Wall Street in fear of a recession?

Apr 09 07:23

Greece urges halt to Western sanctions against Russia

Greek Prime Minister Alexis Tsipras has criticized the sanctions against Russia, urging an end to the measures taken by the West over the crisis in Ukraine.

“To get out of this profound crisis we need to leave behind this vicious cycle of sanctions,” Tsipras said following talks with Russian President Vladimir Putin in Moscow on Wednesday.

Moscow has been targeted by a series of sanctions imposed by the United States and the European Union over allegations of having a role in the conflict in eastern Ukraine. The Kremlin says the accusation is “groundless.”

In a tit-for-tat move, Russia has also enforced restrictions on certain food imports from the United States, the EU, Canada, Australia and Norway.

Apr 09 07:13

Jailed for Charging a Cell Phone? 7 Cruelest Instances of Class Warfare in America

There's a scene in the 1935 film adaptation of Charles Dickens’ novel A Tale of Two Cities in which a horse-drawn carriage transporting a hated aristocrat runs over and kills a peasant child—and instead of expressing any remorse over the boy’s death, he's worried that the boy might have injured his horse. It’s a powerful scene that speaks volumes about class oppression and the indifference that the 1% can have for the suffering of the poor. History has a painful way of repeating itself, and in 2015, it is open season on the working class and the poor in the United States. After the crash of September 2008—which brought about the U.S.’ worst economic crisis since the Great Depression of the 1930s—the American working class desperately needed a vigorous New Deal 2.0. Instead, the Great Recession has brought us bank bailouts, corporate welfare, megabank mergers, deepening inequality, the U.S.

Apr 09 06:36

Rich Middle Class, Poor Middle Class

Apr 09 06:35

EU reinstates sanctions on Iranian bank and 32 shipping companies

Iranian Bank Tejarat and 32 Iranian shipping companies will be subject to EU sanctions with immediate effect, after measures were thrown out by a European court, Reuters reports.

The EU's second-highest court annulled a EU asset freeze on Bank Tejarat and 40 Iranian shipping companies in January, finding fault with the legal grounds given by the EU. As with previous cases, the EU responded by re-listing the sanctioned Iranian companies, including Hamburg-based Ocean Capital Administration GmbH, on the basis of new legal grounds.

Webmaster's Commentary: 

With Iran insisting that sanctions be lifted when the final deal is signed, this adding of sanctions is designed to derail the deal and open a path to war.

Apr 09 06:27

PROOF: The World Is ACTIVELY PREPARING to DITCH the DOLLAR — Bill Holter

There is now mounting evidence and undeniable proof that the world is actively preparing for economic life after the death of the Dollar. The facts are now quantifiable, and for those if us who are accustomed to this moment is history where the Dollar is still technically “the world’s reserve currency” and cheap imports fill big box stores, the truth of what’s occurring globally RIGHT NOW as discussed in this interview with Miles Franklin’s Bill Holter is startling – if not downright frightening.

Apr 09 05:10

U.S. Economic Growth at 0%

The numbers are in for the first quarter of 2015 and they aren’t looking promising.

Apr 08 17:31

S&P Cycles Suggest Caution on the S&P

Apr 08 16:51

Global Finance Ditching Dollar and Isolating Doomed West: “Because They KNOW Collapse is Coming”

SGTReport.com

Bill Holter says, “I believe that the world has for the last at least two years, has been preparing themselves to move away from the dollar. But also, they’ve been isolating the U.S., isolating the West, because they KNOW a collapse is coming. And if they can isolate the Western financial system, with them outside the system as much as can be, then they can mitigate the damage to themselves.”

“My hope is that is doesn’t get this bad, but my suspicion is that it will get worse, where you have no access to ATM’s, credit is completely shut off, we may have power, water, electricity supply problems.

Read more

Apr 08 16:32

Bitcoin Can Now Buy Flights To Cuba

Apr 08 15:05

Thirty-two Indicted Over Kickbacks for German Submarines Contract

Another 32 individuals were indicted to stand trial before a Criminal Appeals Court on Thursday for kickbacks given in exchange for Greek Defense Ministry contracts.

The case, concerning a deal for the purchase of German submarines, was uncovered during a major and ongoing corruption investigation into the period when the now jailed Greek former Minister Akis Tsochatzopoulos was at the helm of the Defense Ministry.

Apr 08 15:04

Swiss Banker Involved in Bribery Scandals in Greek Custody

A Swiss senior banker who was among the key suspects in the so-called Siemens scandal as well as in armament programs scandals is currently being held in custody in Greece, as the country’s media pressed earlier today.

An international arrest warrant as been issued for the banker, identified as Jean-Claude Oswald, for some time but he was only recently arrested in Abu Dhabi. The Swiss authorities, though, have initially denied the expatriation of the former executive at BNP Paribas and Dresdner Bank to Greece. According to the same sources, the Swiss national, has already faced a prosecutor in Athens and has been given time to prepare his deposition.

Apr 08 14:35

Income gains going to top 1% in 2009-12: 95%

Apr 08 14:18

Turkish Stream will make Greece Europe’s energy hub- Putin

Greek PM Alexis Tsipras said he is hopeful Greece will play a big role in the Turkish Stream pipeline project, making it a hub between Turkey and the European gas market, after meeting Russian President Vladimir Putin Wednesday.

Apr 08 13:52

19 Signs That American Families Are Being Economically Destroyed

The systematic destruction of the American way of life is happening all around us, and yet most people have no idea what is happening. 

Apr 08 13:15

Ukraine’s Tanking Economy - Car-Production Plunges 96%; Many Banks Also Fail

On Tuesday April 7th, Ukravtoprome (the Ukrainian Association of Automobile Manufacturers) reported that, in the three-month period January-March 2015, as compared to the same three months of 2014, production of passenger cars plunged 96%, commercial vehicles 23%, buses 43%, for an overall decline of 92%.

Apr 08 12:49

Unraveling at the Seams: EU on Verge of Collapse

Greece’s exit from the European Union (EU) and its rapprochement with Russia would have serious geopolitical implications for Europe, French journalist Coralie Delaume said in an interview with Le Figaro.

The Eurozone is getting weaker every day, said Delaume, adding that Greece’s withdrawal from the monetary union is highly probable, especially after Greece’s intention to introduce a “dual currency.” The so-called “Greek euro”, a currency that would be used in Greece only, would be in fact another step towards leaving the European monetary union.

Apr 08 12:49

"Odious Debt" Has Finally Arrived: Greece To Write Off "Illegal" Debt

In international law, odious debt is a legal theory which holds that the national debt incurred by a regime for purposes that do not serve the best interests of the nation, should not be enforceable. Such debts are thus considered by this doctrine to be personal debts of the regime that incurred them and not debts of the state. In some respects, the concept is analogous to the invalidity of contracts signed under coercion.

Today, nearly four years later, Odious Debt is now a reality in Greece, where Zoi Konstantopoulou, the head of the Greek parliament and a SYRIZA member, released two videos which have promptly gone viral, designed to promote the investigative parliamentary committee to look into the circumstances surrounding the signing of the country’s two bailout agreements that led Greece to implement its austerity measures.

Apr 08 12:47

Foreign Hostages Held by the US Federal Reserve

Several days ago the US Federal Reserve updated its official website to reflect the foreign official assets held by US Federal Reserve Banks (the Fed). To a large extent that means the Federal Reserve Bank of New York, which accounts for well over half the assets and capital of all 12 of America’s Federal Reserve Banks. The New York Fed serves foreign nations (meaning their official monetary agencies in the form of central banks and treasuries) by placing currency in deposit accounts, storing and registering securities in a specialized depository, and storing gold in the form of standardized gold bars in its underground storerooms in Manhattan.

Apr 08 12:18

5 MYTHS ABOUT GREECE THE BANKSTERS NEED YOU TO BELIEVE

Greece’s Prime Minister Alex Tsipras will be heading to Moscow tomorow, and the legacy media that is the de facto public relations wing of the IMF and World Bank are in overdrive to continue to advance the narrative that Greeks are irresponsible, indolent, the visit is an amateurish attempt to blackmail Germany, and further evidence that the Syriza government is out of its depth.

Apr 08 11:46

Will the Gold Rally Continue?

Apr 08 10:56

Americans Pull Back on Credit-Card Debt in February

The weaker spending could reflect unseasonably cold weather in parts of the country, but it does raise concerns. Consumer spending, already about two-thirds of economic output, is needed to drive the economic expansion during a period when a stronger dollar and weakness in overseas is slowing other pockets of the U.S. economy.

Webmaster's Commentary: 

Don't you love how the propaganda bites its own ass? They are blaming the decline in consumer spending on the frigid weather we have been having, even as they proclaim that 2015 is the hottest year on record so far! But 2015 is not hot, and consumers have to buy warm weather gear, chains for their cars, more heating oil, and so forth. Consumers are not spending because they have nothing left over after bills and taxes, and nobody trusts the future of the US economy enough to go further into debt.

Apr 08 09:45

Billions down the drain: Costly US missile defense project turned into major flop

The US Pentagon has wasted $10 billion on a missile defense project, the sea-based X-Band Radar (SBX), which turned into a major flop, according to media reports. The missile defense failures also appear to threaten US security.

Apr 08 09:43

Louisiana Makes It Illegal To Use Cash For Secondhand Sales

‘One of the good features of cash is the fact that it can be used anonymously. It’s no surprise that the government hates that, but would you ever expect the government to actually outlaw the use of cash?

Apr 08 09:35

Eurasian Emporium or Nuclear War?

A high-level European diplomatic source has confirmed to Asia Times that German chancellor Angela Merkel’s government has vigorously approached Beijing in an effort to disrupt its multi-front strategic partnership with Russia.

Beijing won’t necessarily listen to this political gesture from Berlin, as China is tuning the strings on its pan-Eurasian New Silk Road project, which implies close trade/commerce/business ties with both Germany and Russia.

The German gambit reveals yet more pressure by hawkish sectors of the U.S. government who are intent on targeting and encircling Russia. For all the talk about Merkel’s outrage over the U.S. National Security Agency’s tapping shenanigans, the chancellor walks Washington’s walk. Real “outrage” means nothing unless she unilaterally ends sanctions on Russia. In the absence of such a response by Merkel, we’re in the realm of good guy-bad guy negotiating tactics.

Apr 08 09:24

Strapped Americans Headed for “Civil Unrest and Riots,” With Poor Spending 60% on Bare Essentials

Mac Slavo
SHTFplan.com

It is clear that the economic realities falling upon the masses in America are driving us towards a crisis point.

Even with substantial government subsidies, the bottom 10% of Americans are beyond struggling, spending more than 60% of their meager incomes on the bare essentials. According to the latest official numbers, the poorest in the United States are spending 42% of their income on housing and another 17% on food, statistics that are unsustainable for individuals and families.

The Wall Street Journal reported:

Apr 08 08:59

Recession Confirmed: “Even The Bureau of Labor Statistics Has Run Out Of Bullsh*t”

It sure is lucky those Ivy League educated economists at those Wall Street criminal banks are paid millions per year. How else could we get such accurate forecasts about job growth in the U.S. These mental midgets predicted 245,000 new Obama jobs (bartenders, waitresses, house cleaners, clerks, fry cooks) in March. Even the BLS has run out of bullshit and lies. Those dramatic job increases in January and February were cut by 69,000 jobs. That is a 13% error. If I make a 13% error doing my job, I’d be fired. The BLS government drones have the power to move markets with their bullshit reports. It’s funny how the negative revision is put at the very end of their 2,000 word press release.

Apr 08 08:46

Island sold $ 2.5 million in Puerto Rico

Cayo Ratones, an islet South of Puerto Rico with a size of 25 acres (10 hectares) and where there is only a wooden house with a pool that works entirely with solar energy, has been put up for sale by his owner for 2.5 million dollars.

http://whatisusa.info/island-sold-2-5-million-in-puerto-rico/

Apr 08 08:27

Cost of Negative Bank Rates

So you thought that the unimaginable could not happen. The signal is heard loud and clear. Keeping your money in a fiduciary account will not only earn no interest; there will be an actual cost of parking your funds in a bank relationship. The madness that has engulfed the financial sector is preparing to escalate the systematic looting of saved capital. Ponder the consequences of negative bank rates and ask, what exactly can anyone do or where can they place their money for safekeeping. The first objective of entrusting your funds to a financial institution is to have the ability to obtain access to the return of your capital.

The Less Than Zero article analysis explains accordingly.

Webmaster's Commentary: 

These policies rely on the assumption that people will start borrowing again, supporting the pyramid scheme of central banking, if the cost of borrowing is attractive enough. But the reality is that people are not borrowing because they have little confidence in the future of the economy and hence their own ability to repay new loans. Ignoring that aspect is what is luring the financial system closer to disaster.

Apr 08 08:25

Barclays ends investment in ‘toxic’ coal mining practice under campaign pressure

Following years of political pressure from financial justice campaigners and concerned account holders, British bank Barclays has ceased funding controversial firms that profit from environmentally devastating mining techniques.

In a public policy statement released Tuesday, the high street bank announced its intention to abandon firms that engage in Mountain Top Removal (MTR) coal mining.

“Provision of financial support to companies which are significant producers of MTR sourced coal will be agreed by exception only,” the statement said.

Apr 08 08:24

Here is what you need to know about Putin's meeting with Tsipras

Greek Prime Minister Alexis Tsipras will meet Russian President Vladimir Putin on Wednesday. Greece could ask Moscow to bankroll a bailout, Gazprom could agree to a gas discount, or the two sides could talk about how to sidestep EU sanctions.

Apr 08 07:58

Why Legalize Marijuana? Because GMO Pot Is Coming

The Monsanto / Soros Connection

Apr 08 07:57

How the Next Economic Collapse Unfolds

Apr 08 07:52

Cops in this Small Town have 35,000 Open Arrest Warrants, That’s 26 Warrants per Citizen!

If you want to know what a corrupt police state of revenue collecting, citation addicted bureaucrats look like, look in Missouri.

A recent report showed that there were 23,457 arrest warrants pending in Pine Lawn Municipal Court in St. Louis County. That’s about 7.3 per resident. However, Pine Lawn is far from the worst. The town of Country Club Hills has over 35,000 outstanding arrest warrants, or a mind blowing 26.9 per resident.

The vast majority of these warrants are for what St. Louis residents have come to call “poverty violations.” Poverty violations are “crimes” that have no victim and are designed to generate revenue for the state. They are things like driving with a suspended license, expired plates, expired registration and a failure to provide proof of insurance.

Apr 08 07:27

The Winds of Change are Blowing in from the Sea.

A year or more ago, we mentioned on these pages that this person was a scam. It appears that the truth of it has now surfaced and we are glad for that. We are glad whenever the truth makes an appearance in the midst of the madness that composes the world as we presently know it, simply because we do not know it. Ah... but it knows us. It's a button pushing automaton that knows where our tendencies and weaknesses lie. It's engaged in a full scale assault against our better nature and that accounts for why there is such an army of walking wounded, accompanied by zombies in the making. It's not a pretty sight.

Here is proof positive that in the land of preeminent materialism, insanity has become full blown. There is madness in the enforcement arm of corporate controlled society and madness in the culture, as it reaches for ever greater absurdities of experience.

Apr 08 07:25

Working class and youth see UK democracy ‘rigged in favor of the powerful’

Young and working class Britons feel disenfranchised and less inclined to vote than the affluent and should therefore be legally forced to do so as part of a democratic reboot, a think tank claims.

The new study, ‘Political inequality: Why British democracy must be reformed and revitalized,’ was carried out by the Institute for Public Policy Research (IPPR).

Its findings suggest the decline in voting by the less well-off and young is damaging democracy, with politicians playing only to those already inclined to get involved.

Apr 08 07:24

Greece hasn’t applied for economic help from Russia – Putin

Athens has not formally asked Moscow for financial help to pay off its debt, Russian President Putin said after he met with Prime Minister Alexis Tsipras in Moscow on Wednesday.

“The Greek side did not contact us with any requests for help,” the Russian president said, when asked by a journalist whether Russia could help Greece with its debt burden.

Apr 08 07:10

Iceland vs Banksters

Iceland's government is considering a revolutionary monetary proposal – removing the power of commercial banks to create money and handing it to the central bank. The proposal, which would be a turnaround in the history of modern finance, was part of a report written by a lawmaker from the ruling centrist Progress Party, Frosti Sigurjonsson, entitled "A better monetary system for Iceland". In Iceland, as in other modern market economies, the central bank controls the creation of banknotes and coins but not the creation of all money, which occurs as soon as a commercial bank offers a line of credit. The central bank can only try to influence the money supply with its monetary policy tools.

Apr 08 06:52

What Happens to Sales and Employment When Corporate Profits Fall?

Corporate profits are back at the levels reached in 1990, 1999 and 2008 that presaged recessions and a sharp downturn in sales and employment.

It really isn’t a surprise that corporate profits are falling: not only is the stronger U.S. dollar (USD) crushing the overseas profits of U.S. global corporations when reported in USD, but both the U.S. and global economies are slowing.

Apr 08 06:40

Silver on the verge of a huge break out ..

Apr 08 06:34

THIS COULD SINK BANKS IN GREECE, PORTUGAL, SPAIN, AND ITALY

The European Commission is now contemplating pulling the rug out from under the banking miracles in Spain, Portugal, Greece, and Italy.

In total, there are €40 billion in deferred tax assets dressed up as core capital in the banks of these four countries. That’s how precarious these banks are. At one unnamed bank in Greece, these deferred tax assets account for 30% to 40% of its core capital. Without Greece’s special state guarantee, these deferred tax assets could not be part of the core capital, and without this additional “capital,” the bank would be toast.

But on paper, these crummy sorts of assets do a nice job of propping up these banks. And that’s why these four countries have bent over backwards to make it happen. Why bail out rotten banks with real money when fake assets can accomplish the same?

Webmaster's Commentary: 

More taxpayer bailouts coming in Europe in the not too distant future, I see.

Apr 08 06:28

COST OF NEGATIVE BANK RATES

Only a dullard would believe that banking institutions will not eventually drop their interest rate pay outs to depositors, as their own costs are taxed or central banking policy demands that the value of the currency must be diminished.

The example that Australia Wants To Tax Bank Deposits: Will The US Follow? This report poses an obvious question for anyone keeping money in the depository system.

“Several months ago, the government of Australia proposed to tax bank deposits up to $250,000 at a rate of 0.05% (5 basis points). To be clear, the proposal seems to plan on taxing the banks based on the amount of deposits they’re holding—but it’s pretty obvious this will be passed on to consumers in the form of lower interest rates.”

1. Taxes on bank deposits are generally the same as negative interest rates.
2. Taxes always start small… then increase over time.
3. Taxes are rarely used for their stated purpose.

Webmaster's Commentary: 

Please don't think "it can't happen here; it will. It is only a matter of time.

Apr 08 06:22

15 Years Of Stimulus—–Nothing To Show

Apr 08 05:53

4 Tips for Early Retirement Hopefuls

Retirement is a time that many of us look forward to in our lives as a time when we will be free to pursue the things in life that we enjoy, like family, travel, and hobbies that we may have put off for years.

Apr 07 21:27

Confiscating Houses For the Greater Good

Apr 07 19:26

America: Bankrupt And On Borrowed Time

Thomas Jefferson is credited with the following sage advice, “The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.” And so it seems sometimes the answer is right in front of us all along and we just fail to see it.

Apr 07 17:14

Video: How the Next Economic Collapse Unfolds: ‘This Is How They’ll Press The Reset Button’

You need to understand what's coming... you need to understand the magnitude of the event ahead...

Apr 07 16:22

Silver Projection From Crude Oil and T-Bonds

Apr 07 15:49

How the Next Economic Collapse Unfolds

Apr 07 15:29

Police Chief Magazine: Possible New Revenue Streams For Law Enforcement

In the April edition of The Police Chief magazine, Paul LaCommare, Commander of the West Covina Police Department in West Covina, California, discusses new ways for law enforcement to raise money in light of dwindling revenue streams. This article was sent to us by a reader who said, “If war is a racket, policing is even more so…”

Apr 07 14:18

British accountant falls to his death from 14th floor apartment in suspected suicide in Manhattan

A British tax advisor has plunged more than 100ft to his death from an apartment window in a suspected suicide while on a business trip to New York.

Duncan Hodgetts, 25, fell from the 14th floor window of the Executive Plaza building in midtown Manhattan at 8.30am yesterday morning.

He was found on a third-floor balcony of the neighboring Michelangelo Hotel, near the Rockefeller Center, and was pronounced dead at the scene.

It is understood the tax specialist for Ernst and Young, based in Birmingham, had been on a business trip when he fell from the balcony of one of the corporate apartments.

Webmaster's Commentary: 

Because we all know that successful people on a trip to a foreign country get reeeeeeally depressed and suicidal, right?

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA