ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Feb 10 10:09

Rosneft CEO: Decision on oil prices are made by robots on currency markets

"Today the financial technology implies that decisions are often made by robots on trading floors and by the software that manages them and impersonally responds to any instantaneous changes of the situation, which changes in the course of the trading, or information about the movement of oil reserves. We should admit that we underestimated the fact that financial participants of the market know no limitations in settlement of their own purely financial tasks and are ready to "test" any price levels - $27 in January and down to $10 per barrel, as it was recently announced by one respectable investor. This is nothing but an invitation to play an irresponsible game with an unlimited price decline?" - Sechin said. Taking into account that specific capital expenditures that increased manifold the current oil prices are the lowest since 1973, Sechin said. He added that he does not rule out further oil price fluctuations.

Feb 10 09:33

James Bond, Star Wars Studio Pinewood Put Up for Sale

Pinewood Group Plc, the owner of the studios where “Star Wars: The Force Awakens” and almost all James Bond movies were filmed, hired Rothschild to conduct a strategic review of the company that could lead to its sale. The stock soared.

Feb 10 09:32

How did Iceland clean up its banks?

The 2008 global financial crisis hit Iceland hard. The currency crashed, unemployment soared and the stock market was more or less wiped out.

But unlike other Western economies, the Icelandic government let its three major banks - Kaupthing, Glitnir and Landsbankinn - fail and went after reckless bankers. Many senior executives have been jailed and the country's ex-prime minister Geir Haarde was also put on trial, becoming the first world leader to face criminal prosecution arising from the turmoil.

Feb 10 09:24

German finance minister and bank chief insist: Deutsche is 'rock solid'

Deutsche Bank's shares fell again, pushing the lender's boss and even the German finance minister to step in to reassure investors that the bank is still stable

Feb 10 09:24

Still can’t admit it’s their fault : Yellen warns of domestic, global risks to US economy

Federal Reserve chief Janet Yellen warned Wednesday that the US economy faced risks from tightening domestic financial conditions as well as global economic turmoil.

Feb 10 09:17

Tories scrap free meals for nearly 3,000 primary schools

Ministers have withdrawn funding which enabled small schools to provide children with free hot meals, claiming the measures were “always temporary.”

Prime Minister David Cameron previously said he was “proud” of the policy of Universal Infant Free School Meals (UIFSM), which was brought in by the Liberal Democrats during the coalition government.

The PM reiterated his support for UIFSM as recently as last September, but now his government is taking steps to cut its funding.

Feb 10 09:17

Treasury officials wined & dined by arms giants & ‘rogue banks’

Treasury officials regularly accepted invitations to lavish dinners with lobbyists for banks that were being investigated for market rigging, a new report has found.
The explosive research, which was conducted by the National Audit Office (NAO), was published on Tuesday.

It reveals that banking lobby the British Bankers’ Association was a frequent provider of hospitality to senior Treasury officials, despite the fact some of its members were being investigated by UK authorities for market rigging.

Feb 10 08:59

One More Shoe For WFC?

Feb 10 08:55

Opposite of Transparency: Germany's TTIP Room 'Smacks of Totalitarianism'

With concerns over the controversial TTIP trade deal between the EU and US, a select number of German MPs have been granted limited access to view the agreement in its current form. Despite this initiative, lawmaker Katja Kipping has raised serious concerns about the transparency of the deal.

Feb 10 08:51

How Systems Break: First They Slow Down

Feb 10 08:45

The guy who blew the whistle on Bernie Madoff's Ponzi scheme says there's one 'bigger than Madoff'

Markopolos told ABC News that he has found three new schemes that are multibillion-dollar pyramids of fraud.

In an explosive statement, he indicated that one of the three schemes will be bigger than Madoff’s and that one can’t stop them. However, Markopolos declined to identify the names of the scams until he provides the information to government investigators.

Highlighting the plight of gullible investors, he said: “Everybody wants to believe in the holy grail of finance, risk-free returns, and they keep investing in Ponzi schemes.”

Feb 10 08:26

They Are Taking Out The Generals

Feb 10 08:12

The Dollar’s Tanking, Banks Will Fail — And the recession is on

The Federal Reserve will slash interest rates and the United States economy is on the cusp of a recession, says Peter Schiff, president and CEO of Euro Pacific Capital. -- Schiff further explained that the only way the Fed can save the U.S. economy is to cut interest rates. The Fed, says Schiff, may go as far as instituting negative interest rates.

Feb 10 07:50

Banning Cash: Serfdom in Our Time

Negative interest rates mean that your bank account shrinks day by day, automatically. Your $1000 in January becomes $950 by December. And where does that money go? To the banks, of course, and to the government. They syphon your money away, drip by drip, and there’s nothing you can do about it.

Feb 10 07:46

Gold Will Smell Blood of Negative Rates – Peter Schiff with Greg Hunter

Money manager Peter Schiff says forget about the Fed raising interest rates. The next move is down. Schiff explains, “I think there is a pretty good chance we’re going to get 0% interest rates before the end of the year, and I think we’re going to get QE4. We will see if the Fed is going to go negative, but they are going to do it eventually.”

Feb 10 07:45

What’s Booming in this Economy? Bankruptcy & Restructuring Business “Highest Since Great Recession”

It starts like this: Reuters reports that “sources” said that a company has hired “restructuring lawyers.” A sign of an impending debt restructuring, such as a bankruptcy. And shares plunge.

This is what happened Monday morning to Chesapeake Energy, the second largest natural gas producer in the US, after it was reported that it had engaged restructuring advisors Kirkland & Ellis. Shares, already reduced to near-penny-stock territory, plunged another 50% to $1.50, at which point trading was halted.

To soothe our rattled nerves, the company said that it “currently [emphasis mine] has no plans to pursue bankruptcy and is aggressively seeking to maximize value for all shareholders.”

Feb 10 05:06

“Investors Have Completely Lost Faith In Deutsche Bank” A Top 10 Shareholder Admits

After a day of “rock solid” Lehman-isms, emergency bond buyback plans, and a stock price still unable to close green, Deutsche Bank is on the ropes (despite CNBC proclaiming that “it doesn’t feel like a Lehman moment.”) However, as dawn breaks across the motherland, something more insidious is breaking for Germany’s largest bank. Deutsche faces an uphill task rescuing its stock from record lows, especially, as Reuters reports, a top 10 shareholder exclaims “investors have completely lost faith in the bank,” and a fast recovery from this crisis was unlikely.

Feb 10 04:35

EU facing IMMINENT recession? Germany on brink as warning issued over Deutsche Bank

FEARS of a recession in the Eurozone are rising as Germany's economy shows yet more signs of buckling under global and domestic financial pressures.

Feb 10 04:35

Deutsche Bank shares soar 11% on bond buyback speculation

BBC 1 hour ago: Deutsche Bank shares have bounced back, after hitting a 30-year low on Tuesday, on reports that it will instigate an emergency bond buyback plan

Feb 10 04:23

DOLLAR HITS FOUR MONTH LOW

Dollar hits four-month low as investors flee to safe havens
The U.S. dollar fell sharply on Tuesday to its lowest level in nearly four months, as measured by an index of major currencies, with fears of a global economic slowdown pushing investors into safe-haven currencies like the Japanese yen and Swiss franc.

Risk appetite has waned as a selloff in major stock markets worldwide, along with a renewed tumble in crude oil prices, and worries about European banks shook confidence in the greenback.

Feb 10 03:49

The Return Of Crisis : Suddenly banks everywhere are in deep, deep trouble

Our diagnosis of the fatal flaw facing the global economy and its financial systems has remained unchanged since before 2008. We can sum it up with these three simple words: Too much debt. (shocking)

Feb 10 01:07

Tiny Homes: Zoning Issues Forcing Owners Out of Homes

local zoning boards have become increasingly tyrannical in the way they do business, moving from protecting neighborhoods from shady builders, to trying to reshape them into their image of what America should look like. In fact, many of these so-called “local” zoning departments are now taking orders directly from the federal government, in order to reshape American neighborhoods into culturally diverse Utopias that rarely turn out as planned.

Feb 09 19:18

Hillary lost every demographic group except 65+ and incomes of $200,000+…

Senator Bernie Sanders beat Hillary Clinton among nearly every demographic group in the Democratic New Hampshire primary, according to exit polls.

Feb 09 18:15

Sears Is Closing at Least 50 More Stores

Feb 09 18:00

100 Budget Friendly Items for the Frugal Prepper

By Gaye Levy

When times are tight, we tend to want to stop spending money altogether. When you are a frugal prepper, this can pose some obvious difficulty. Being frugal can be challenging when you are trying to prep.

Sometimes it can feel counterintuitive to buy things that you do not immediately need, but preparedness items are like a savings account made up of material goods. If you run into tough times financially or encounter a crisis that keeps you housebound, you will be glad that you have a pantry full of food and a closet full of supplies...

Feb 09 17:45

David Irving - Zionist Bankers Main Financiers of Hitler

"I didn't and do not even today, for understandable reasons, wish to reveal that from October 1928, the two largest regular contributors to the NaZi party were the general managers of the two largest Berlin banks, both of Jewish faith and one of them the leader of Zionism in Germany" - Dr. Heinrich Brüning, Chancellor Germany 1930-1932 in a letter to Winston Churchill

Feb 09 16:24

ECONOMIC COLLAPSE TIME ~ STAYING SAFE

Feb 09 16:08

‘Artful Smear’ Attack Backfires as Clinton Accused of Denying Impact of Big Money

Hillary Clinton is under fire for defending the millions of dollars she has collected from Wall Street and other monied interests, as critics charge that her rationalization of those contributions ignores the dangers of a pay-for-play political system and amounts to an acceptance—if not a “tacit embrace”—of the role of money in politics.

Feb 09 16:05

Canadians Hoarding Cash

Feb 09 15:58

Goodwill Toronto files for bankruptcy, loses rights to Goodwill name

Employees are likely to get some but not all they're owed, experts say, as Goodwill International distances itself from the local charity.

Feb 09 15:49

The Wilting UK Economy

Dr. Graham Gudgin and Jo Michell of Economists for Rational Economic Policies challenge the prediction that the UK will remain the fastest growing economy in Western Europe

Feb 09 15:44

White House pushes ahead with plan to slash pensions for up to one million retirees

The Obama administration is pushing ahead with its plans to slash pension benefits for up to one million participants in “underfunded” multiemployer pension funds as part of its drive to make defined-benefit pensions a thing of the past for all US workers.

The White House campaign, carried out in a conspiracy with the major trade unions and multinational corporations, takes place in the wake of the 2013–2014 bankruptcy of Detroit, which set a precedent for slashing the legally protected pension benefits of retirees.

Feb 09 15:43

Economics Professor: Negative Interest Rates Aimed at Driving Small Banks Out of Business and Eliminating Cash

More than one-fifth of the world’s total GDP is in countries which have imposed negative interest rates, including Japan, the EU, Denmark, Switzerland and Sweden.

Negative interest rates are spreading worldwide.

And yet negative interest rates – supposed to help economies recover – haven’t prevented Japan and Europe’s economies from absolutely tanking.

Nor have they even stimulated spending.

Feb 09 15:37

Hillary Clinton’s political machine has been busted

Hillary Clinton’s political machine, which runs on a peculiar form of “honest graft,” as stated by Walter Russel Mead, has been undermined by a political revolution within the Democratic Party, and within American politics.

Feb 09 15:34

How Washington’s New Rich Live

In 1927, H.L. Mencken rode by train through the Pennsylvania coal country. The houses he saw along the way were so hideous, at least in his eyes, that he was moved to pen his famous essay, “The Libido for the Ugly.” Mencken was writing about towns inhabited by coal miners and railroad brakemen, but what would he say if he were to visit present-day Washington, DC and take a stroll in its surrounding suburbs?

Feb 09 15:34

Italy hit by banking crisis

Sharp turbulence on the Milan stock exchange in January focused attention on Italy’s deep economic and financial crisis. At the same time, the conflict between the Italian government and the European Union (EU) Commission has intensified. Prime Minister Matteo Renzi (Democratic Party–PD) has responded with new, stepped-up attacks on the working class.

Feb 09 15:16

The Totalitarian Rip-Off

With the Western World and China in danger of going into deflation, major banks have already started to charge negative interest rates.

Feb 09 15:13

$365,694,500,000: U.S. Merchandise Trade Deficit With China Hit Record in 2015

The $22,615,700,000 increase in the merchandise trade deficit the U.S. ran with China last year was a 6.6-percent jump from the $343,078,800,000 merchandise trade deficit the U.S. ran with China in 2014.

Feb 09 14:59

World Equity Market "Wealth" Crashes $6 Trillion Below 2007 Highs

Global equity market investors have lost a stunning $16.5 trillion of their newfound CB-fueled "wealth" in the last six months. This has erased half of the gains from the 2011 lows (but of course leaves all the debt created still in place). However, what is perhaps more troubling given the unprecedented money-printing since the last crisis peak, is that global equity market "wealth" is now down 10% from its November 2007 prior highs.

Trillions of money printed and debt created and equity "wealth" is now down $6 trillion from the 2007 highs...

Feb 09 14:57

99 Cent Gas May Be on Its Way

The International Energy Agency (IEA) February oil market report will put more downward pressure on crude prices just as the price of gasoline in some parts of the United States dips to above $1.10 a gallon. Prices are moving swiftly to below $1, a price last posted in the United States in December of 1993.

Feb 09 14:36

Gold Hits $1,200 as Financials Get Hit

Feb 09 14:34

Global central banks are running ‘out of ammo’

They’re pumping money into their economies, creating negative interest rates and buying billions of dollars in bonds. Yet experts are worried some of these strategies will not be enough to turn around the slump in the world. -- “Major central banks have run out of ammo,” says Ed Yardeni, chief investment strategist at Yardeni Research.

Feb 09 14:04

Dot-Com Bubble 2.0 Is Bursting: Tech Stocks Are Already Down Half A Trillion Dollars Since Mid-2015

Do you remember how much stocks went down when the first dot-com bubble burst? Well, it is happening again, and tech stocks are already down more than half a trillion dollars since the middle of 2015. On Friday, the tech-heavy Nasdaq dropped to its lowest level in more than 15 months, and it has now fallen more than 16 percent from the peak of the market.

Feb 09 13:41

The Totalitarian Rip-Off — AKA the cashless society

Don’t worry. Governments will rise to the occasion and soon will be making cash illegal. People will be forced to put their money in banks or the market, thus rescuing the central governments and the central banks that are incestuously intertwined with them. Beyond that, cash is probably the last arena of personal autonomy left. It can be spent any way one pleases, with no one watching. It can be hidden from the government to avoid taxes. It can be used to engage in transactions of a semi-legal nature. It has power that the government cannot control; and that is why it has to go.

Feb 09 13:40

Fresh banking crisis fears send FTSE to lowest level since 2012

Health of the financial system and danger of negative central bank interest rates cause bank stocks to fall to lowest level in nearly four years

Feb 09 13:38

After The European Bank Bloodbath, Is Canada Next?

Sadly for Canada, it's not only raining, it's pouring for the country's energy industry, a downpour which is about to migrate into its banking sector. Which is why it is indeed time to take a somewhat deeper dive into the Canadian banks' balance sheets, where we find something very troubling, and something which prompts us to wonder if the time of freaking out about European banks is about to be replaced with comparable panic about Canadian banks.

The following chart from an analysis by RBC shows that when compared to US banks' (artificially low) reserves for oil and gas exposure, Canadian banks are...not.

Feb 09 13:13

FEAR TRADE: Metals Up, Stocks and Jobs Down

Precious metals banked another solid week of gains as investors looked for alternatives to the stock market and U.S. dollar. Both gold and silver pushed through important technical resistance levels. Metals bulls hope to see markets enter a virtuous cycle; improving charts followed by more speculative long interest leading to improved charts.

There is some evidence this may be happening.

Feb 09 13:13

The Economy In Pictures – Seen This Before

Currently, there is a plethora of commentary strongly suggesting that the U.S. economy is nowhere near recession currently. That may very well be the case, however, by the time the data is revised to reveal the recession it will be far too late for investors to do anything about it. The market, a coincident indicator of economic recessions historically, may already be revealing future economic data revisions will eventually disclose.

With the economy now more than 6-years into an expansion, which is long by historical standards, the question for you to answer by looking at the charts below is:

“Are we closer to an economic recession or a continued expansion?”

Feb 09 13:10

Sears just got another depressing sign that it is doomed

Sears is losing some of its most loyal customers.

The department store has traditionally attracted female shoppers aged 55 and older, but that demographic is now choosing to shop elsewhere, according to a recent study by Prosper Insights & Analytics.

In fact, most women would now rather shop at Goodwill than at Sears, according to the survey.

Feb 09 13:06

NIRP around the globe

Feb 09 13:06

FEAR TRADE: Metals Up, Stocks and Jobs Down

Feb 09 12:55

Corporate-Managed Trade Deals Screw the US

The New Hampshire primary is now just one day away, and differences between Bernie Sanders and Hillary Clinton couldn’t be clearer, especially when it comes to so-called free trade.

While Secretary Clinton’s views on corporate-managed trade have changed a lot over the years, Senator Sanders’ haven’t.

Feb 09 12:50

These 5 retailers are suffering in a changing retail world

Macy's isn't the only store taking a hit in a rapidly changing retail world.

More shoppers are mining their phones and the web for deals and flocking to off-price chains to save a buck. They're also choosing stores that can turn around stylish merchandise fast and favoring specialty merchandise such as comfortable and stylish athletic gear. The shift is making business challenging for some traditional retailers. Even as stores typically on solid footing, including Macy's and Nordstrom, have scrambled to keep up with the shift in shopping habits, they're finding it difficult to maintain an edge.

Webmaster's Commentary: 

This article leaves out an important factor. The number of Americans who actually have cash with which to buy things is rapidly shrinking!

Feb 09 12:40

Eastern Partnership project cannot be called successful — Russia’s EU envoy

Poland’s Foreign Minister Witold Waszczykowski said earlier the Eastern Partnership project was a wrong concept as giving no real chances for the European Union membership...

Feb 09 12:29

Utilities Winning By Not Losing

Feb 09 12:05

The TPP If Ratified: Corporations Will Overturn U.S. Laws, Speed up Destruction of the Environment, Outsource Jobs…

In fact, the TPP is almost entirely ignored and avoided. When it’s mentioned it’s as something our authoritarian government knows better how to handle than we do. Its defenders, including President Barack Obama, present it as a way to jab a finger in China’s eye. Its opponents argue that it attacks U.S. sovereignty and benefits foreign nations. What, if anything, it does to Vietnamese workers, for example, is just not registering, and the idea of a U.S. billionaire in 2016 bringing that to public attention as a moral concern would get you mocked as a dreamer faster than Hillary Clinton changes positions when a check book is opened.

Webmaster's Commentary: 

What this agreement does is corporatize government, period, end of discussion.

It should be peacefully protested by the American people, who will wind up losing jobs, and whatever rights we may still have left, under the Constitution and Bill of Rights.

IF you understand that the US has already become a third world nation, particularly, in older, urban areas, where jobs have been outsourced/offshored in earnest, the ratification of the TTP will make it far worse!!

Feb 09 11:46

Entering the Belly of the Epocalypse

Only a couple of weeks ago, I said we were entering the jaws of the Epocalypse. Now we are sliding rapidly down the great beast’s throat toward its cavernous belly. The biggest economic collapse the world has ever seen is consuming everything — all commodities, all industries, all national economies, all monetary systems, and eventually all peace and stability. This is the mother of all recessions.

Feb 09 11:45

Past American appeals to Russia haven’t stopped it from aggressively escalating its support for the Syrian regime. | AP PhotoRussians lay siege to Obama's Syria strategy

As Russian-backed troops encircle the key rebel stronghold of Aleppo in Syria — a potential turning point in the Arab state’s nearly five-year-old conflict — President Barack Obama’s diplomacy-first approach is also coming under siege.
Some opposition leaders and analysts are warning that unless Obama sends a tough message to Russian President Vladimir Putin — possibly even using military force — the Moscow-supported regime of Bashar Assad will weaken the opposition so badly that peace talks being promoted by the United States will become irrelevant.

Webmaster's Commentary: 

In the most deliciously ironic way possible, you have to love the title of this article, and how it appears to be deliberately "grooming" Americans for a war with Russia.

Thank you, Ms. Toosi, the writer of this completely disingenuous piece of codswallop, but no.

I have noticed in your bio from politico.com that you "reported" on the following:

Nahal Toosi is a foreign affairs correspondent at POLITICO. She joined POLITICO from The Associated Press, where she reported from and/or served as an editor in New York, Islamabad, Kabul and London. She was one of the first foreign correspondents to reach Abbottabad, Pakistan, after the killing of Osama bin Laden. Read more: http://www.politico.com/staff/nahal-toosi#ixzz3zhH4dbGH

However, people know that Osama bin Laden died of natural causes in the winter of 2001.

Usama bin Laden has died a peaceful death due to an untreated lung complication, the Pakistan Observer reported, citing a Taliban leader who allegedly attended the funeral of the Al Qaeda leader. "The Coalition troops are engaged in a mad search operation but they would never be able to fulfill their cherished goal of getting Usama alive or dead," the source said. Bin Laden, according to the source, was suffering from a serious lung complication and succumbed to the disease in mid-December, in the vicinity of the Tora Bora mountains. The source claimed that bin Laden was laid to rest honorably in his last abode and his grave was made as per his Wahabi belief.

Here is the narrative of the guy who got assassinated in Abbottabad, as reported at whatreallyhappened.com:

What appears to have happened is that President Obama tried to steal the Pakistanis' thunder by sending in the SEAL team to capture the body, then claim victory for the US. But as the "victory" was leaked to the press, word finally reached the White House from Abbotabad that the dead man wasn't the real Osama Bin Laden (who had died of Marfan Syndrome in December of 2001), so the body was dumped into the ocean and a flurry of hastily made (and very sloppy) fake photos leaked to the internet and members of Congress to cover up the latest monumental goof!

So, congratulations, my dear Ms. Toosi, you have just been outed as a lying whorespondent, selling the narrative of empire to a war weary and war-skeptical America.

I hope those big checks are a real salve to your professional conscience; or, perchance, have you had that surgically removed, as have so many of your colleagues?

Let me go on record saying that I do not like Basshar al Assad.

But at the end of the day, when most of the jihadis are removed, through Russian help, it is the Syrian people, and the Syrian people only, who have the right to chose their own destiny.

And I would like, as a final note, to remind you, Ms. Toosi, that during the last election in Syria, with monitors watching every voting precinct, in what was declared a free and fair election, Al-Assad won re-election in a landslide against his competition.

Feb 09 11:41

Everything but the Kitchen Sink: Obama Quietly Unveils $4.1 TRILLION Budget Plan for Last Year in Office

And it’s no surprise at all Obama unveiled this plan on the same day as the New Hampshire primary, when most Americans aren’t paying attention because everyone is too busy focusing on who is going to replace him.

Why doesn’t he just give a press conference where he flips off the American people for five minutes straight on his way out the door, too?

(read more)

Feb 09 09:59

Central Banks Intentionally Impoverish Their Host Countries to Effect Structural Reforms … Which Allow Foreign Interests to Loot

Central banks are the ultimate economic hitmen, the main source of the shock doctrine, according to this powerful documentary based on the work of economist Richard Werner:

Feb 09 09:42

Knockout! Why Big Tech Companies Stand to Lose This Year

Clocks, scales, and meat slicers. IBM sold all kinds of different items when the company started out a century ago. Back then, it looked nothing like the information and consulting company it is today. It didn’t get into the business of personal computers until decades later. Today, IBM does everything but.

And yet, for all their commitment to changing with the times, their underlying business is imploding.

Feb 09 09:29

REPORT: GOV’T GRANTED $750 MILLION OBAMACARE FUNDS TO HUNDREDS OF THOUSANDS OF ILLEGAL IMMIGRANTS

The government’s Obamacare program gave up $750 million in taxpayer subsidies to illegal immigrants and individuals without verified immigration status, says a Senate Homeland Security and Governmental Affairs Committee reportobtained by Fox News. “The Administration awarded approximately $750 million in tax credits on behalf of individuals who were later determined to be ineligible because they failed to verify their citizenship, status as a national, or legal presence,” by July 2015, according to Fox News.

Feb 09 09:19

Asian markets: Japan's Nikkei down more than 5% following weak close on Wall Street

While China, Hong Kong, South Korea among other markets remained closed for the Lunar New Year holiday, remaining stock exchanges in Asia were trading lower on 9 February. This followed a negative Wall Street and FTSE close overnight.

Fears over a sell-off in the European banking sector gathered pace overnight after Stoxx Europe 600 Banks Index – the gauge of the banking sector in Europe – recorded its sixth consecutive weekly decline, the worst streak since 2008. Worried investors as a result pulled out of Asian stock markets in search for safer havens.

Webmaster's Commentary: 

The PPT is fighting gravity today on the US markets.

Feb 09 09:11

AIG to Plan Exit From at Least Half of Hedge Fund Positions

American International Group Inc. plans to exit at least half the hedge funds in which the insurer is invested, according to people familiar with the company’s portfolio.

Feb 09 09:08

A Bullish Gold Price Forecast For The Coming 6 Months

Gold is on the move. As stocks are selling off big time, the gold market is the big beneficiary with a significant inflow of capital.

Is that any coincidence? No, it is not, because the gold market was deeply oversold. Next to that, and perhaps more importantly, sentiment hit rock bottom levels. When everybody and his uncle believes that stocks have only one way to go, i.e. up, the opposite usually happens. The same accounts to the precious metals market.

Feb 09 08:52

Britain’s House Price Crash – 2016 Predictions Mount

Housing in many countries, especially Britain is no longer an investment, it’s now made up of three fundamentals; consumption, crime and concern. The general public getting on the bandwagon with cheap loans is consumption. The crime slot is taken now that over 40% of Britain’s housing stock is bought in cash with property used as an international laundrette to wash hundreds of billions and concern comes from savers who quite rightly think that the banks and government will steal their hard earned (low or negative savings rates), tax paid money that drives a reluctant middle class into becoming landlords.

Feb 09 08:38

JCPOA 'new window to Tehran-Berlin ties'

German Foreign Minister Frank-Walter Steinmeier hailed JCPOA as a new window to Tehran-Berlin ties, saying that Iran and Germany are deeply interested in expansion of closer bilateral relations.

Feb 09 08:35

Austrian Vice Chancellor, Head of Raiffeisen Decry Sanctions in Moscow

Fresh on the heals of the controversial visit of Bavaria's prime minister, who opposes sanctions, to meet with Putin, the Vice Chancellor of Austria and Head of Austria's major bank, Raiffeisen, have come to Moscow with the same message

Feb 08 23:17

Relief well is closing in on Porter Ranch gas leak

A relief well is within 20 feet of reaching the leaking Southern California Gas Co. well in Aliso Canyon that released tons of methane into the air and led to the dislocation of thousands of residents, regulatory and company officials said Monday.

Once they can access the leak — which is about 1.6 miles below ground — crews will cap the well with cement.

Feb 08 19:02

Important Action Today

Feb 08 18:35

Britain’s House Price Crash – 2016 Predictions Mount

Housing in many countries, especially Britain is no longer an investment, it’s now made up of three fundamentals; consumption, crime and concern. The general public getting on the bandwagon with cheap loans is consumption. The crime slot is taken now that over 40% of Britain’s housing stock is bought in cash with property used as an international laundrette to wash hundreds of billions and concern comes from savers who quite rightly think that the banks and government will steal their hard earned (low or negative savings rates), tax paid money that drives a reluctant middle class into becoming landlords.

Feb 08 18:16

CREDIT FEARS GROW… Banking shares plummet on economic slowdown fears

Shares of large banks and other financial stocks were pummelled on Wall Street Monday as fears of a US economic slowdown heightened worries over deteriorating credit quality.

Feb 08 16:46

The Banking Cabal is Running out of Time in Silver

Ladies and Gentlemen, for months I’ve written about how the diminishing price/supply in silver, coupled with fresh, record demand will lead to a “religious experience” for the market riggers. On Saturday, I did an interview with Wall Street for Main Street, on the topic as well.

Well, in the last few days, the downward spiral of Comex silver ounces has turned into a gigantic plummet, a rout of 2011 proportions. Just take a look at the warehouse numbers for Friday! One glance, and you’ll instantly understand: something is very wrong on the silver scene!

Feb 08 16:37

Silver - Is The Club Almost Out Of Time?

Feb 08 15:54

Inequality Against Democracy: 10 Facts About the 1 Percent

Economic inequality inspired Occupy Wall Street, a movement that in a few short months transformed our political discourse with the concept of the “1 percent” and the “99 percent.” Today the presidential candidacy of Bernie Sanders is altering the political landscape with a call to reduce inequality.

Feb 08 15:31

The corrupt Federal Reserve is NOT Federal

“Give me control of a nation’s money and I care not who makes its laws” – Mayer Amschel Bauer Rothschild

A Central Banking System is a cover to secure the privilege of issuing money.

At the turn of the 20th Century, said privilege was being courted in the US by the then most powerful European bankers: the Rothschilds and their partners.

They had a choke hold on the banking business throughout the world and wanted the same in the US.

Feb 08 15:18

Venezuela Prepares To Liquidate Its Remaining Gold Holdings To Pay Coming Debt Maturities

Last Thursday when we recounted the story of how Venezuela is now literally flying in paper money (using three dozen cargo Boeing 747s), we wrote that "Venezuela's hyperinflation, already tentatively estimated at 720%, will likely add on a few (hundred) zeroes by this time next year. It is also quite likely that Venezuela the country, as we know it now, will no longer exist because once any nation is swept up in hyperinflationary rapids two things occur like clockwork: social uprisings and political coups.

Webmaster's Commentary: 

"We TOLD you not to ask for your gold back!!!" -- Official White Horse Souse

Feb 08 15:05

2 Percent Inflation With Starting Value = 100

Feb 08 14:44

Hollywood Glorifies Bankers, Ignores Unsung Whistleblowers

UMKC’s Bill Black reviews the highlights and holes of the film The Big Short.

Feb 08 14:27

U.S. Trucking Industry Collapse

Feb 08 14:19

The Neocons Do Not Want Peace In The World:Paul Craig Roberts

endless wars and endless reaping to benefit the banksters

Feb 08 14:12

PayPal Uses Slick Super Bowl Ad to Promote Cashless Society

Banks and governments all over the world have been pushing for a cashless society in recent years. They demonize cash at every turn, because they don’t want you to buy and sell anonymously. They want every transaction to exist in their surveillance grid. They don’t want the accountability that cash provides. Instead, they’d rather have the power to confiscate your wealth on a whim and impose negative interest rates. Above all else, they want to hinder your ability to save for the future.

So it’s no surprise that they would use slick propaganda to make cash seem dirty and old-fashioned, which is exactly what this PayPal advertisement is designed to do.

(read more)

Feb 08 14:04

Agreement on TTIP Unlikely to Be Reached During Obama Presidency

White House Press Secretary Josh Earnest said that a planned free-trade agreement between the European Union and the United States probably will not be reached during the presidency of Barack Obama.

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