ECONOMY

Nov 26 14:39

Oil Could Go Below $65 Per Barrel: Deshpande

Nov 26 14:00

The Mystery Of Surging Q3 GDP Explained And Why Americans Are Suddenly $80 Billion "Poorer"

In order to "suggest" that the US economy had grown by a far greater than expected run-rate, the BEA was forced to revise away personal income, and "assume" these had instead been invested in the US economy, in the form of a surge of durable goods purchases. Sure enough, while both incomes and savings tumbled, spending magically surged: So if that "statistical" amount of money you thought you had saved in the BEA's savings.xls spreadsheet just dropped by 10%, fear not dear Americans: it was all used for a good cause: to fabricate a much stronger than expected Q3 GDP number.

Nov 26 13:59

19 US Shale Areas That Are Suddenly Endangered, "The Shale Revolution Doesn't Work At $80"

“Everybody is trying to put a very happy spin on their ability to weather $80 oil, but a lot of that is just smoke... The shale revolution doesn’t work at $80, period.”

Nov 26 13:04

Gold rebound coming in 2015: George Gero

Nov 26 09:45

Bill Holter - Gold will be the Last Man Standing

Bill Holter of Miles Franklin says one of the overarching issues in global finance comes down to trust. Holter explains, “The Russians, Chinese and Indians are all acquiring gold. We have a Swiss referendum coming on Sunday. They want to repatriate their gold. This is about central banks not trusting central banks. Interesting enough, the leading party in the polls in France is talking about repatriating French gold. Why are there all these repatriations all of a sudden? The reason being is central banks are not trusting other central banks. It’s all about trust, and gold is trust. . . . It’s going to be the last man standing.”

Nov 26 09:24

Chinese and Japanese deflationary economies

Do not underestimate the significance of the Asian downturn. Japan saw a dramatic rebirth after WWII and China was transformed into an industrial powerhouse from the “Free Trade” debacle

Nov 26 07:57

ASEAN Economic Community – Why, For What, and By Whom

Tony Cartalucci
Activist Post

On TV, upon the magazine rack, in schools, and on billboards around the country, the coming ASEAN Economic Community (AEC) is being heralded everywhere across Southeast Asia.

Upon ASEAN’s official website, the AEC is described as:

"The ASEAN Economic Community (AEC) shall be the goal of regional economic integration by 2015. AEC envisages the following key characteristics: (a) a single market and production base, (b) a highly competitive economic region, (c) a region of equitable economic development, and (d) a region fully integrated into the global economy."

The AEC is an unquestionable inevitability – and more alarmingly – an inevitability absolutely none of the many hundreds of millions of Southeast Asian citizens have asked for, voted for, or have any direct say in regards to. So inevitable is AEC’s unfurling in 2015, that few have even bothered to ask “why?” “for what?” and “by whom?” ...

Nov 26 07:43

Over a Barrel: OPEC may cut production to boost prices

As oil prices continue to plummet, the cartel of many of the world's major producers, is set to meet on Thursday. The main question facing OPEC is whether to cut production and try to stop the drop.

Nov 26 07:40

HSBC, Goldman Rigged Metals’ Prices for Years, Suit Says

Goldman Sachs Group Inc. (GS) and HSBC Holdings Plc (HSBA) were sued in New York over claims they conspired for eight years to manipulate prices for the precious metals platinum and palladium in what plaintiffs’ lawyers say is the first class-action lawsuit of its kind in the U.S.

Nov 26 07:36

Kean University students question need for $219,000 conference table

A high-tech, $219,000 conference table purchased by Kean University raised eyebrows on the school's campus, where some students questioned whether the expense was warranted.

The 22-foot oak table was specially manufactured by a company in China, where Kean recently opened a campus, and serves as the centerpiece of a new conference center.

Webmaster's Commentary: 

King Arthur would be proud!

Nov 26 07:30

Obamacare offers firms $3,000 incentive to hire illegals over native-born workers

Under the president’s new amnesty, businesses will have a $3,000-per-employee incentive to hire illegal immigrants over native-born workers because of a quirk of Obamacare. President Obama’s temporary amnesty, which lasts three years, declares up to 5 million illegal immigrants to be lawfully in the country and eligible for work permits, but it still deems them ineligible for public benefits such as buying insurance on Obamacare’s health exchanges.

Nov 26 07:17

U.S. Weekly Jobless Claims Jump By 21,000 To 313,000

First-time weekly jobless claims in the U.S. jumped by 21,000 to a seasonally adjusted 313,000 during the week to Saturday, the Labor Department said Wednesday.

The tally was at far above of the range of consensus expectations compiled by various news organizations for new claims of somewhere between 280,000 and 295,000.

Nov 25 23:51

5 Reasons Why I Own Gold

Imposing strict fiscal constraints upon the growing network of global central banks through national referendums (similar to the Swiss Gold Initiative) may be among the few solutions left to citizens who seek to slow exploding government debt levels.

If the monetary madness that affects nations around the world is not stopped and course-corrected by the citizenry, its inevitable consequences will be severe inflation, followed by a sharp and contracted period of deflation.

Gold represents one of several safe havens for the days ahead.

Nov 25 19:22

A Flashbang Video Production

A short documentary that explores the effectiveness of protesting today.

Nov 25 19:19

"Panem Today, Panem, Tomorrow, Panam Forever," from FEMA Region 10

What does all of this social and economic discord — most recently, the Ferguson protests and riots — have to do with coinciding with the recent release of Mocking Jay, part one?

Nov 25 18:55

Senate Report: Scale of Wall Street Holdings Are “Unprecedented in U.S. History”

Last Thursday, the U.S. Senate’s Permanent Subcommittee on Investigations, chaired by Senator Carl Levin, released an alarming 396-page report that details how Wall Street’s too-big-to-fail banks have quietly, and often stealthily through shell companies, gained ownership of a stunning amount of the nation’s critical industrial commodities like oil, aluminum, copper, natural gas, and even uranium. The report said the scale of these bank holdings “appears to be unprecedented in U.S. history.”

"The real power of banking is being able to refuse to turn on the loans tap for one businessman and foreclose while turning it on for a new loan to another businessman so he can buy out the first businessman at auction.” --John Turmel

Manipulating the price of silver down to bankrupt the miners and buy them out on the cheap?

Nov 25 18:46

Kenneth Rogoff on Phasing out Paper Money

Nov 25 16:57

SURPRISE, GOLDMAN SACHS: PUBLIC BANK OF NORTH DAKOTA JUST OUTPERFORMED WALL STREET

"It is more profitable than Goldman Sachs Group Inc., has a better credit rating than J.P. Morgan Chase & Co. and hasn’t seen profit growth drop since 2003. Meet Bank of North Dakota, the U.S.’s lone state-owned bank, which has one branch, no automated teller machines and not a single investment banker."

Nov 25 15:45

The Wrath of Draghi: First German Bank Hits Savers with ‘Negative Interest Rates’

Deutsche Skatbank, a division of VR-Bank Altenburger Land, which was founded in 1859, is not the biggest bank in Germany, but it’s the first bank to confirm what German savers have been dreading for a while: the wrath of Draghi.

Retail and business customers with over €500,000 on deposit as of November 1 will earn a “negative interest rate” of 0.25%. In less euphemistic terms, they have to pay 0.25% per annum to the bank for the privilege of handing the bank their hard-earned money or their business cash.

Inflation has had a similar effect in the zero-interest-rate environment that the ECB and other central banks have inflicted on savers, but this time it’s official, it’s open, it can’t be hidden. Instead of lending your moolah to the bank so that the bank can lend it out to businesses and retail customers for all sorts of economically beneficial purposes, you’re financially better off hiding it in the basement.

Nov 25 13:56

The ugly, nasty face of the kleptocracy at work in Spain

Carmen Martínez Ayudo was driven from her home after her son had used it as security for a €40,000 loan from an individual.

Nov 25 13:36

FERGUSON RIOTS, IMMIGRATION REFORM FRAMING COMING CIVIL WAR AROUND RACE

Chaos has engulfed Ferguson, Missouri as the mainstream media is directing national attention to divisive racial issues at a time of rising tyranny in America. Sensational revelations about government corruption are becoming a regular occurrence under the Obama administration. Ordinary Americans are being targeted while known terrorists are escorted through security. Kidnappers, rapists, and murderers are being released from prison; an action sanctioned by the President of the United States. The BATF allows guns to find their way to Mexican drug lords, while the federal government is fighting to disarm American citizens. Mega-banks launder billions of dollars worth of drug money.

Nov 25 13:24

Thousands of protesters take to streets in Lisbon over austerity

Thousands of people have taken to the streets in the Portuguese capital city of Lisbon to protest against continuation of the government's austerity measures.

Nov 25 13:01

Trotsky at the IMF

Does the Name "Strauss-Kahn" Ring a Bell?

Nov 25 12:55

Swiss Gold Referendum: What It Really Means

In a few days the Swiss people will go to the polls to decide whether the Swiss central bank is to be required to hold 20% of its reserves in the form of gold. Polls show that the gold requirement is favored by the less well off and opposed by wealthy Swiss invested in stocks.

Nov 25 12:11

Virtual money and user’s identity

Bitcoin is the new money: minted and exchanged on the Internet. Faster and cheaper than a bank, the service is attracting attention from all over the world. But a big question remains: are the transactions really anonymous?...

Nov 25 08:54

Here Comes France: Right-Wing Leader Marine Le Pen Demands Central Bank Repatriate French Gold

First Germany, then the Netherlands, perhaps Switzerland this weekend, and now the French right-wing Front National, which shockingly came first in May's European parliament elections, and whose leader Marine Le Pen is currently polling in first place in a hypothetical presidential election (in both a first and run off round), ahead of president Hollande, has sent a letter to the governor of the French Central Bank, the Banque de France, demanding that France join the list of nations which have repatriated, or at least tried to, their gold.

Webmaster's Commentary: 
Nov 25 08:48

Deutsche Bank's Modest Proposal To Central Banks: "Purchase The Gold Held By Private Households"

In other words, all the world's central banks would need to do to "liberate dormant liquidity" , held, as DB suggests, by private households in various "unwanted" troves of physical gold, and in the process also build up their gold holdings, would be to make said gold unattractive to hold.

And if that fails, well, FDR already showed the world how to deal with an intransingent public which does not want to part with its gold in Executive Order 6102, something which the Dutch Central Bank which also made the news recently when it secretly repatriated 122 tons of gold from the NY Fed, already did years ago when it advised pension funds to sell their gold: confiscation.

Webmaster's Commentary: 

"Make gold unattractive" means artificially driving the price down. And the reference to FDR is more than passing as FDR's gold confiscation was a forced sale of private gold to the government ... at $20 an ounce!

Nov 25 06:28

Israeli Authorities Prevent 100 Tons of Vegetables from Exporting out of Gaza

The dispute is preventing the trucks and their cargo to pass, and to be exported to Saudi Arabia and West Bank, according to Al Ray Palestinian Media Agency.

Israeli website Walla reported, on Monday, that allowing the export of the agricultural products comes in the framework of " facilities" granted for Gaza residents in the wake of the last summer's assault on the region, by Israel.

Nov 24 19:03

The Federal Reserve Is At The Heart Of The Debt Enslavement System That Dominates Our Lives

You become a “human resource” that is being exploited to serve the interests of others. Today, some forms of slavery have been outlawed, but one of the most insidious forms is more pervasive than ever. It is called debt, and virtually every major decision of our lives involves more of it.

Nov 24 16:58

5 Things To Ponder: Rising Risk

Nov 24 16:44

Russian Crew Boards 1st Mistral Carrier As France Quietly Completes Construction Of 2nd Ship

“How do you defeat terrorism? Don’t be terrorized.”
? Salman Rushdie

Nov 24 16:18

Deutsche Bank's Modest Proposal To Central Banks: "Purchase The Gold Held By Private Households"

"... the idea of gold purchases has merit because of the possible sellers. Much gold is held in private households, especially in countries like Germany. In some cases these are unwanted remnants of crisis-driven investments five years ago. A program that targeted these holdings would liberate dormant liquidity, some of which might even flow into consumption."

Nov 24 16:18

Most of the World Panics — Is the US Next?

Nov 24 10:55

Video: “I Don’t Need To Look For A Job Because I Get A Check From The Government”

As one group of people barely makes ends meet while putting in 40-hour weeks and overtime, another believes itself to be entitled. They depend on the government for food, housing, medical care, and scores of other services. What this latter group may or may not realize, however, is that all of those free services they have the benefit of receiving are’t actually free. The money has to come from somewhere.

And that ‘somewhere’ is more than likely your wallet.

Nov 24 10:49

Tomgram: Andrew Bacevich, Daydream Believers

“How can you have a war on terrorism when war itself is terrorism?”
? Howard Zinn

Nov 24 10:11

The Swiss Gold Referendum

In a few days the Swiss people will go to the polls to decide whether the Swiss central bank is to be required to hold 20% of its reserves in the form of gold. Polls show that the gold requirement is favored by the less well off and opposed by wealthy Swiss invested in stocks. These poll results provide new insight into the real reason for Quantitative Easing by the Federal Reserve and European Central Bank.

Nov 24 09:37

DHS Resorts to Private Sector to "Fill Special, Discrete Needs"?

When all else fails, resort to the private sector. The U.S. Department of Homeland Security has announced that they have chosen six individuals with corporate experience to "help us further improve the travel experience for the American public and visitors to our country." Those participating in the loaned executive program will "share their expertise with Homeland Security to fill special, discrete needs," the agency announced. DHS explained that the private-sector representatives can "Present new perspectives" and "provide 'fresh eyes' on old problems, giving government another lens to view challenges—and overcome them." They added that contributors will "Receive public recognition."

Nov 24 07:42

Gregory Mannarino - Deflation First then Massive Inflation

On timing of the dollar’s demise, Gregory Mannarino of TradersChoice.net says, “Money velocity is the speed money moves through the system. Once we begin to see the money velocity start to pick up, we’re going to have the $3.3 plus trillion, which the Federal Reserve has printed out of thin air since the crash of 2008.

Nov 23 23:00

Craigslist Founder Ambushed By 20/20 + GOV Hack (X-mas Shop At Wallmart Slaves!)

Criticism Over Recalled Products

The Consumer Product Safety Commission says Craigslist is “morally irresponsible”

Nov 23 18:25

Hidden story in US PPI increase

Nov 23 13:44

Japan's Economic Slowdown Explained

Nov 23 12:32

Are you better off this Thanksgiving than you were last Thanksgiving?

Are you in better shape financially than you were last Thanksgiving? If so, you should consider yourself to be very fortunate because most Americans are not. As you chow down on turkey,

Nov 23 11:49

What Is Real Money?

Nov 23 07:26

Russia-Europe: Sanctions Losing Steam

The foreign ministers of the European Union discussed the situation in Ukraine and their turbulent relations with Moscow agreeing that there is no point to enhance sanctions against Russia.

Webmaster's Commentary: 

"You can't do that! I hereby sanction Europe! I sanction the whole world! You will miss us, I promise!" -- Official White Horse Souse

Nov 23 07:22

Illegals get a pay raise while current American workers’ checks could get squeezed

Illegal immigrants stand to make out nicely, seeing a big jump in their wages under President Obama’s policy, announced Thursday, granting millions of them temporary amnesty and the chance to work legally, but analysts say American workers in some jobs are likely to feel a pinch from new competitors.

Webmaster's Commentary: 

I recall all those pro-immigration shills who would scream "racist" at anyone suggesting amnesty would harm legal American workers, and here we are just days after Obama the Dictator rewrote the laws of the land with his mighty pen, and they are openly admitting legal American workers will be harmed by this.

Nov 22 14:17

Do Lower Gas Prices Really Boost Consumption?

Nov 22 13:04

Pat Buchanan on the Rogue President

snip: That this action will be as much a part of Obama’s legacy as Obamacare is certain. The unanswered question is how the Obama amnesty will be remembered by history. His aides think that it will be seen as a second Emancipation Proclamation. Perhaps.

But with this amnesty Obama takes custody of and responsibility for the entire illegal population. He is the patron saint of illegal aliens. And for what they do, he will be held accountable, as was Jimmy Carter for the Marielitos Castro sent and Carter welcomed.

If the amnestied illegals contribute to the drug trade and violent crime, that will be Obama’s legacy to his country. If they turn up disproportionately on the welfare rolls, exploding state and federal deficits, that will be Obama’s legacy.

If this amnesty is followed by a new invasion across the border America cannot control, that, too, will be Obama’s gift to his countrymen.

Nov 22 12:22

"Gold Is Money And Nothing Else" - JP Morgan's Full December 1912 Testimony To Congress

In December 1912, no lessor man than J.P.Morgan testified to Congress to "justify Wall Street," during investigations over alleged manipulation and collusion. The transcript reads like it could have been given yesterday (as nothing ever changes) but at its heart the banker laid out 33 "Morgan Epigrams" which appear - in the ensuing 102 years - have been lost to greed and arrogance... The irony is wondrous: "Securities do not always prove good", "Money is gold, and nothing else", "I think manipulation is always bad."

Nov 22 08:51

Dutch Central Bank secretly brought 120 tonnes of gold back to Amsterdam from New York

The Dutch central bank has secretly brought a large part of the national gold reserves being held in a secure depot in New York back to Amsterdam. In total, 120 tonnes of gold valued at €4bn has been brought back to the Netherlands b

Nov 22 08:50

Greece at odds with EU/IMF lenders in 'tough' bailout review

Greece is locked in tough negotiations with its foreign lenders, with "nerves stretched" on both sides, the finance minister warned on Tuesday, raising the temperature as Athens tries to exit an unpopular bailout program.

Nov 22 08:37

Private Military Contractors Hired to Move Guns and Gold Out of Ferguson

Business owners in the St. Louis, Missouri area have hired private military contractors to transport guns and gold, fearing their shops will be targeted by looters if a grand jury does not indict Darren Wilson, the police officer who shot and killed Michael Brown in the St. Louis county suburb of Ferguson.

Nov 22 08:30

The Dutch do what the Germans couldn't: Get their gold back

The Dutch central bank has secretly brought a large chunk of the European nation's gold reserves held in New York back to Amsterdam.

Nov 22 08:15

Citigroup Said to Be Ousted From ECB FX Group for Rigging

The European Central Bank ejected Citigroup Inc. (C) from its foreign-exchange market liaison group after the U.S. bank was fined for rigging the ECB’s own currency benchmark, two people with knowledge of the move said. The ECB removed Citigroup from the panel, which advises the central bank on market trends, after regulators fined the lender $1 billion for rigging currency benchmarks

Nov 22 06:57

Are You Better Off This Thanksgiving Than You Were Last Thanksgiving?

Are you in better shape financially than you were last Thanksgiving? If so, you should consider yourself to be very fortunate because most Americans are not.

Nov 22 06:07

Target to judge: Banks’ losses in our card breach aren’t our problem

Target’s massive data breach, in which criminals were able to drop malware onto point-of-sale systems and compromise at least 40 million credit and debit cards, is now the subject of a federal lawsuit by banks who issued those cards. And Target is arguing in court today that those claims should be thrown out, Bloomberg reports—because the company claims it had no obligation to protect the banks from damages.

Nov 21 19:18

Stefan Molyneux Giving Up: 28% of Men and 40% of Women

so according to the government 92M Americans are lazy and therefore the millions of illegals are needed to take the plentiful jobs...

Nov 21 13:41

Is Water The New Enron? - Fake Crises, Fake Bills, And Fake Solutions

David Simon
Activist Post

"In places like Benton Harbor, Michigan and Detroit, there is something called the emergency manager, which essentially is a local dictator. He can depose the mayor and offer decrees and answer to no one except the governor. In these two cities and others, because they are lacking tax revenue (because of lack of industry) they are jacking up the water rates as much as 40%. ... One of the people who was leading the charge against this stuff was recently convicted in a kangaroo court in Benton Harbor and is now facing 20 years in prison. He is Reverend Pinkney." - Brandon Turbeville

"Little bitty Benton Harbor was the testing ground. It was the testing ground to see what they can get away with. ...It's comin' to your city next, whether you like it or not.
- Rev. Edward Pinkney

Nov 21 13:32

Wall Street is Taking Over America’s Pension Plans

Coverage of the midterm elections has, understandably, focused on the shift in political power from Democrats toward Republicans. But behind the scenes, another major story has been playing out. Wall Street spent upwards of $300M to influence the election results. And a key part of its agenda has been a plan to move more and more of the $3 trillion dollars in unguarded government pension funds into privately managed, high-fee investments — a shift that may well constitute the biggest financial story of our generation that you’ve never heard of.

Nov 21 13:01

Icahn comment from 11/18/2013

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