ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jul 04 07:41

The Artificiality of Greek Debt and its Odious Nature

The measures imposed against the Greek people were wholly antithetical to fundamental human rights as these stem from customary international law, multilateral treaties and the Greek constitution. Consequently, these ‘loans’ were held to be odious, illegal or illegitimate. The recommendation of the Committee was that Greece was not only entitled but obliged to unilaterally repudiate such illegal, odious and illegitimate debts on account of its international human rights obligations and economic self-determination.

Jul 04 06:53

July 4: US military & police: Impose martial law on all Americans, or arrest .01% criminal psychopath ‘leaders.’ Your call

*hyperlinks/videos live at source*

hat tips: Video Rebel (and here), and Tragedy & Hope.

https://www.youtube.com/watch?v=2zFcIx30Pic

“Crimes against humanity” include any of the following acts committed as part of a widespread or systematic attack directed against any civilian population, with knowledge of the attack:
murder;
extermination;
enslavement;…
the crime of apartheid;
other inhumane acts of a similar character intentionally causing great suffering or serious bodily or mental injury.
– International Criminal Court (ICC)

Jul 04 05:55

Sunday’s vote will determine liberty or serfdom for the Greek people

2,500 years ago Greeks saved their independence from the Persian Empire. Sunday’s vote will tell us whether Greeks have again served liberty or whether they have succumbed to Washington’s Empire.

The fate of all Europeans and of Americans themselves will be settled on Sunday.

Jul 04 05:40

Guess What Happened The Last Time The Chinese Stock Market Crashed Like This?

The second largest stock market in the entire world is collapsing right in front of our eyes. Since hitting a peak in June, the most important Chinese stock market index has plummeted by well over 20 percent, and more than 3 trillion dollars of “paper wealth” has been wiped out. Of course the Shanghai Composite Index is still way above the level it was sitting at exactly one year ago, but what is so disturbing about this current crash is that it is so similar to what we witnessed just prior to the great financial crisis of 2008 in the United States.

Jul 04 05:23

Mass demonstration opposes austerity in Greece

Ahead of Sunday’s referendum a massive protest took place in Athens Friday evening, in opposition to the austerity programme of the European Union (EU) and International Monetary Fund.

In a show of defiance, tens of thousands of people packed Athens’ central Syntagma Square in front of the parliament building. The main sentiment expressed by the crowd was a determination to end years of austerity. Among them were many young people.

Jul 04 04:54

US housing stages ‘lopsided’ recovery

Jul 04 04:26

EU, troika subjecting Greece to terrorism: Finance minister

Greek Finance Minister Yanis Varoufakis has slammed the European Union and the international lenders for attempting to “humiliate” his nation, saying their treatment of Greece’s debt crisis amounts to “terrorism.”

Jul 04 04:02

Greece Faces New Kind of Coup

Two months ago Euclid Tsakalotos, the deputy Foreign Minister, took over as Greece's new chief negotiator, instead of Finance Minister Yanis Varoufakis. He says the government faces a new kind of coup, one that is not carried out with tanks, as in 1967, but through banks.

Jul 04 03:55

What Stinks about Varoufakis and the Whole Greek Mess?

Something stinks very bad about Greek Finance Minister Yanis Varoufakis and the entire Greek mess that has been playing out since the election victory of the nominally pro-Greek Syriza Party in January. I am coming to the reluctant conclusion that far from being the champion of the hapless Greek people, Varoufakis is part of a far larger and very dirty game.

Jul 04 03:40

Fed Rate Hike Is Nothing to Panic About

"Delaying action to tighten monetary policy until employment and inflation are already back to our objectives would risk overheating the economy," she said in May. "For this reason, if the economy continues to improve as I expect, I think it will be appropriate at some point this year to take the initial step to raise the federal funds rate target and begin the process of normalizing monetary policy."

(*Fed Rate Hike Is Nothing to Panic About
if you live in Tel Aviv .)

(*Fed Rate Hike Is Nothing to Panic About
if you're part of the elite 1% .)

(*Fed Rate Hike Is Nothing to Panic About
so just sit back and
enjoy the mayhem .)

Jul 04 03:28

How Europe cancelled Germany’s debt in 1953

Given the intransigence and downright hostility of Germany's political leadership over the issue of the repayment of Greek debt, the story of Greece's participation in the write-off of German debt in 1953 deserves to be brought into the limelight once more.

Jul 04 03:16

As Referendum Looms, Troika Charged with Plotting 'Regime Change' in Greece

With so much still up in the air, it was Tsipras who took to his Twitter account on Friday with this simple message for Greeks ahead of the vote: "Greek citizens, the time has come for responsibility and democracy. Let's silence fear-mongering and baseless talk of disaster."

He then added: "Let us calmly go to the polls and make our choice by weighing the arguments—not the slogans."

Jul 03 20:09

Retail Therapy Wins Over Socializing for Americans

The average American spends 42 minutes shopping each day, but only 35 minutes socializing.

Jul 03 20:09

Airbnb Worth Over $25B

Hot startups, like Airbnb, continue to make large progress at increasing their value in today’s economy.

Jul 03 20:08

Family Incomes Rose in 2014 – Good News for the 99%!

According to new research by UC Berkeley Professor Emmanuel Saez, U.S. family incomes rose by just over 3% in 2014 – the first substantial gain in 15 years.

Jul 03 20:07

U.S. Home Sales Climb to 9 Year High

The National Association of Realtors recently released information stating that the number of homes under sales contracts was at a 9 year high in May.

Jul 03 18:47

HAIRCUT:Greek Banks Prepare To Raid Deposits

Jul 03 18:42

QQQ Volume Spikes on Selloff

Jul 03 18:33

3 Things: Valuations, Employment, Sectors

Jul 03 18:23

Greek Depression vs Great Depression

Jul 03 16:32

Greek banks down to €500m in cash reserves as economy crashes

The daily allowance of cash from many ATM machines has already dropped from €60 to €50, purportedly because €20 notes are running out

Jul 03 16:28

Whether Greece votes yes or no, the euro cannot survive in its current form

For all of those deluded Europhiles who believed that enforcing an artificial, imperfect currency on 19 different, divergent nations was a good idea that would help bring about peace, friendship and prosperity, the events of the past few weeks have surely been devastating.

Jul 03 16:16

Chinese stock market has lost £1.5 trillion in the last three weeks

The Chinese stock market has endured a torrid three weeks in which it has lost value equivalent to £1.5 trillion — that's 10 times the size of Greece's annual GDP.

The Shanghai Composite, an index of all stocks traded on the Chinese stock exchange, has fallen 30 per cent since its peak on June 12 following a record-breaking eight-month growth period. It's been the market's worst three weeks since 1992.

In its third straight 'Black Friday,' the market crashed by 3.25 per cent, falling below 4,000 for the first time since April.

Jul 03 16:03

Food collapse unfolding in Greece: Grocery store shelves to be stripped bare... supermarkets raided... home gardens now the new 'secret weapon' against starvation

"A halt to international payments from Greek bank accounts is ...threatening supplies of vital goods like food and clothing into the debt-crippled country," reports Reuters. [1]

That story, which is already 24 hours old by the time you read this, says that grocery shortages are just around the corner, and that the only thing keeping some groceries in stock is the fact that nobody can acquire enough cash to buy them!

Jul 03 16:00

Ukraine’s public debt to hit 95% of GDP by year end – National Bank

The country’s public debt as a percentage of GDP hit a peak during the first quarter, increasing by 38.5% up to 1.524 trillion hryvnas ($72.4 billion), as Ukraine’s national currency fell in value by 70%. The percentage has backed off somewhat since then due to the government’s debt policy, which saw the rate for the hryvna rise. In March the debt fell by 5.5% followed by a further 7% drop in April

Kiev hopes to receive $1.7 billion from the IMF in exchange for implementing austerity measures required in order to pass the fund’s first review of the financing program.

Jul 03 15:59

Inequality in Australia rising at one of world’s fastest rates

An Australian Council of Social Service (ACOSS) report has revealed that income inequality in Australia is higher than the average in the 34 OECD industrialised countries. In fact, the rate of increase of inequality is greater than any other OECD country bar two—Israel and Germany.

Jul 03 15:33

Gold Bullion Dealer Unexpectedly "Suspends Operations" Due To "Significant Transactional Delays"

Bullion Direct has experienced significant transactional delays. To avoid further inconvenience or other adverse consequences to our customers, Bullion Direct is suspending its operations as it attempts to resolve those issues. We intend to keep you informed at this website. Thank you for your patience.

Just what are "significant transactional delays" and how bad is the physical gold supply-chain if it can put at least one dealer out of business. Another question: is this a solitary failure by gold vendor due to a one-off problem with working capital, or is something more systemic about to be revealed in the gold bullion sales industry?

We look forward to finding out, but in the meantime our advice to buyers of physical precious metals is the same as always: if you purchased it and you can't hold it in your hand, it isn't yours.

Jul 03 15:28

Tyler Durden's picture Greek Banks Considering 30% Haircut On Deposits Over €8,000: FT

"Greek banks are preparing contingency plans for a possible “bail-in” of depositors amid fears. The plans, which call for a “haircut” of at least 30 per cent on deposits above €8,000, sketch out an increasingly likely scenario for at least one bank, the sources said."

Jul 03 13:41

Guess What Happened The Last Time The Chinese Stock Market Crashed Like This?

The second largest stock market in the entire world is collapsing right in front of our eyes. Since hitting a peak in June, the most important Chinese stock market index has plummeted by well over 20 percent, and more than 3 trillion dollars of “paper wealth” has been wiped out. Of course the Shanghai Composite Index is still way above the level it was sitting at exactly one year ago, but what is so disturbing about this current crash is that it is so similar to what we witnessed just prior to the great financial crisis of 2008 in the United States.

Jul 03 13:24

Just Before Round of Negotiations on the Proposed 'Trade in Services Agreement' (TISA), Wikileaks Releases Updated Secret Documents

Today, Wikileaks released a second batch of the most updated draft texts on the proposed TISA, along with substantive analysis, on each of four massive services sectors: Financial Services, Telecommunications Services, Electronic Commerce, and Maritime Transport. This follows on their release yesterday of cross-cutting annexes on Domestic Regulation, the "Movement of Natural Persons," Transparency, and Government Procurement, and the Agenda for next week's negotiations, along with what Wikileaks called the journalistic holy grail: the Core Text of the proposed agreement. The negotiating texts are supposed to remain secret for five years after the deal is finalized or abandoned.

Jul 03 13:00

Top Trader: Time to short the S&P 500

Jul 03 12:58

Economic Stagnation And The Global Bubble

Jul 03 12:25

Sure Looks Like The S&P Is Topping Out

Jul 03 12:23

Fiscal Friday - Independence Day

This girl knows her stuff

Jul 03 11:48

It Takes A Village

Jul 03 11:04

How The TPP Is Going To Affect You

The TPP (Trans Pacific Partnership) has moved one step closer to becoming law in the US after the Senate voted to give Fast Track authority to the President.

The TPP however must really be considered as 1 of 3 mega treaties designed to give unprecedented control of the world’s trade

Jul 03 10:59

How The TPP Is Going To Affect You

Jul 03 09:59

Puerto Rico’s Debt Is Not Financial, It’s Colonial: The Political Imprisonment of Oscar Lopez Rivera

Vicente “Panama” Alba joined us from Puerto Rico to discuss the political imprisonment and repression of Puerto Rican Nationalists.

Jul 03 09:56

The 'Institutions' Knew Greek Bailout Was a Scam

Merkel's fear was that Athens would be unable to overcome its problems even with an additional haircut, since it would not be able to handle the remaining debt.

In other words Merkel knew at the time of the original bailout that the terms were not sustainable. That is, Greece, even with the original haircut that was put in the debt and the bailout loans they would not be able to pay.

But she pushed for it anyway and to this day has not admitted this.

Jul 03 09:44

Tsipras asks for 30% debt haircut, 20yr grace period

The only way to make Greek debt sustainable is to cut it by 30 percent and introduce a 20-year grace period, said PM Tsipras, as the landmark referendum on July 5 nears.

Jul 03 09:42

Iceland, the land of freedom and true democracy, grows booming economy after jailing bankster criminals

Banks around the world are no longer the quaint little savings-and-loan depositories of yesterday. Today, most of them are owned or co-opted by giant mega-wealthy criminal conglomerates that charge customers for everything from cash deposits to ATM fees.

One Western country finally figured out that allowing these criminal enterprises to continue operating business as usual was hurting growth and destroying its economy, so its government decided to make some serious reforms.

Instead of bailing out the big criminal banking enterprises, Iceland instead chose to try, convict and jail criminal banksters. And as a result, the country has the fastest recovering economy in all of fiscally moribund Europe.

Jul 03 09:39

Canadian economy likely headed for recession: Major banks

The US-based Bank of America Merrill Lynch and Canadian-based Nomura Bank both released statements on Thursday, warning of a financial slump for the economy of Canada.

An economic recession is defined as two consecutive quarters of economic contraction.

Jul 03 09:37

Record 93,626,000 Americans Not in Labor Force; Participation Rate Declines to 62.6%

A record 93,626,000 Americans 16 or older did not participate in the nation’s labor force in June, as the labor force participation rate dropped to 62.6 percent, a 38-year low, according to the Bureau of Labor Statistics.

In June, according to BLS, the nation’s civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, hit 250,663,000. Of those, 157,037,000 participated in the labor force by either holding a job or actively seeking one.

Webmaster's Commentary: 

"The unemployment rate is only 5.3% The unemployment rate is only 5.3% The unemployment rate is only 5.3% The unemployment rate is only 5.3% The unemployment rate is only 5.3% The unemployment rate is only 5.3% The unemployment rate is only 5.3% The unemployment rate is only 5.3% The unemployment rate is only 5.3% The unemployment rate is only 5.3% The unemployment rate is only 5.3%" -- Official White Horse Souse

Jul 03 09:34

What We Are Seeing On The Ground In Greece

In this video Luke Rudkowski takes you on his first day arriving in Greece and covering the situation there on the ground.

Jul 03 09:34

What It All Comes Down To On Sunday

"Do you think Europe should forgive your debt, check box 'Yes' or 'No'." "No" means a lot of pain now and recovery later. "Yes" means less pain now but no hope of recovery ever. Choose wisely...

Jul 03 08:57

First Look: U.S. Dollar Substitute to Go Public on Oct 20th?

The International Monetary Fund is one of the most secretive and powerful organizations in the world.

They monitor the financial health of more than 185 countries… they establish global money rules… and provide “bail-out” assistance to bankrupt nations.

And on Oct 20th of this year, the IMF is expected to announce a reserve currency alternative to the U.S. dollar, which will send hundreds of billions of dollars moving around the world, literally overnight.

Jul 03 08:45

Troika Maneuvering to Rig Greek Referendum

The EU leaders will not travel to Athens until after the referendum. Suddenly they realize that their powers are so off the wall that they dare not expose their own schemes. Hollande of France wants a resolution for he fears a Frexit is gaining momentum. Obama wants a resolution, fearing Greece will be forced into the arms of Russia, breaking down NATO.

Jul 03 08:41

Greek solidarity protests across Europe ahead of referendum LIVE UPDATES

Thousands of protesters in European cities are rallying in solidarity with Greece ahead of the weekend referendum on a cash-for-reform deal with creditors.

Jul 03 08:34

How The Feds Helped Bankrupt Puerto Rico

Jul 03 08:33

47 Members Of Congress Hold Student Loan Debt

Jul 03 07:35

Guess What Happened The Last Time The Chinese Stock Market Crashed Like This?

The second largest stock market in the entire world is collapsing right in front of our eyes. Since hitting a peak in June, the most important Chinese stock market index has plummeted by well over 20 percent, and more than 3 trillion dollars of “paper wealth” has been wiped out.

Jul 03 06:18

Famous Rothschild Banking Dynasty Facing Fraud Charges In France

One of Europe’s wealthiest bankers faces questioning for fraud in France as part of a years-long case that accuses him of defrauding retirees.

Baron David de Rothschild, one of the wealthy members of the famous Rothschild banking dynasty, was indicted last month over allegations that his company, Rothschild Financial Services Group, offered a fraudulent equity release loan program to about 130 retirees between 2005 and 2008, 20 British retirees living in Spain brought the fraud lawsuit, according to Olive Press, an English-language newspaper published in that country, but it’s taken five years of legal maneuvering to successfully force the Baron into court.

Jul 02 22:02

TISA Leaks Part Deux: More Evidence of Concerted Attack on Democracy

A WikiLeaks analysis shows how 52-nation Trade in Services Agreement threatens both net neutrality and personal data privacy.

Jul 02 21:57

Behind the Greek Crisis

The usual narrative of the Greek economic tragedy is that the country is paying for its past profligacy, but there is deeper back story of political repression fueled by major powers intervening in Greece and contributing to a dysfunctional political system.

Jul 02 21:51

Greek Crisis Awaits Other NATO Partners

If the history of militarism in Greece is anything to go by, a Greek-style debt crisis is in store for the Baltic states, Poland and the Scandinavians.

Jul 02 20:27

July 4: Liberty and Justice for all? 20,000 dead children daily from preventable poverty as .01% demand war and debt in a world of plenty

*hyperlinks/videos live at source*

“Crimes against humanity” include any of the following acts committed as part of a widespread or systematic attack directed against any civilian population, with knowledge of the attack:
murder;
extermination;
enslavement;...
the crime of apartheid;
other inhumane acts of a similar character intentionally causing great suffering or serious bodily or mental injury.
- International Criminal Court (ICC)

The US Declaration of Independence is honored for asserting unalienable rights of “Life, Liberty and the pursuit of Happiness” for each and every human being. The most cruel violation of these cherished ideals is intentional policy for ~20,000 children to die slow, painful, gruesome deaths from preventable poverty each and every day.

Full documentation of all poverty facts is here; main points:

Jul 02 19:18

EU Parliament President Tells Greece:Time For Another Puppet Government

European Parliament president Martin Schulz said his faith in the Greek government had reached "rock bottom," and, as AFP reports, that he hopes it resigns after Sunday's referendum. Luckily, he has an idea for a solution... the time between the departure of Tsipras' hard-left Syriza party and new elections would have to "be bridged with a technocratic government, so that we can continue to negotiate." Just what The Greeks need - another "Yes man" puppet government to implement whatever Europe's bankers demand.

Jul 02 19:17

Cost Of "War" With ISIS Hits $9.2 Million Per Day

Jul 02 19:15

NSA Leak Reveals Both Merkel And Schauble Saw Greek Debt As Unsustainable Even After Haircut

"Merkel's fear was that Athens would be unable to overcome its problems even with an additional haircut, since it would not be able to handle the remaining debt... Within the German cabinet, Finance Minister Wolfgang Schnaeuble alone continued to strongly back another haircut... with IMF Managing Director Christine Lagarde described as undecided on the issue."

Jul 02 19:14

Greek Banks To Run Out Of Physical Cash "In A Matter Of Days"

Greek banks will run out of cash "in a matter of days," WSJ reports. Meanwhile, businesses are closing their doors as suppliers refuse to extend credit prompting the Athens Chamber of Commerce to predict that "in one week, two weeks, three weeks, it will be finished."

Jul 02 19:08

Chinese Stocks Are Collapsing Again, Hitting New Bear Market Lows

As one local reporter put it, despite being told not to say anything negative, "the government appeared to have lost its ability to manage the market." Chinese stocks are down 4-5% at the open, pressing new cycle lows with Shenzhen and CHINEXT now down 25% from last week. As The South China Morning Post reports, many investors said the government was at least partly to blame for the collapse because it encouraged them to go into the market - for months, state-owned media have issued daily commentaries to encourage people to load up on shares.

Jul 02 19:07

China State Official Hints Beijing May Bailout Greece

"I believe there are two ways to give Greece Chinese aid. First, within the framework of the international aid through EU countries. Second, China could aid Greece directly. Especially considering the Silk Road Economic Belt and the Asian Infrastructure Investment Bank. China has this ability," Fan Mingtao director of the Quantitative Finance Department at China's Institute of Quantitative and Technical Economics told Sputnik China. It would be difficult to imagine a more fitting pilot program for the world’s newest supranational lender than a rescue package for the birthplace of Western democracy which has been brought to its knees by that most Western of all multilateral institutions, the IMF.

Jul 02 16:34

Big Cracks Forming In The Housing Market

Jul 02 15:24

Ron Paul: It’s All Coming Apart

The United States will likely suffer a Greek-style economic collapse soon because, like Greece, it’s impossible for the U.S. to pay its debt, according to former congressman Dr. Ron Paul.

Jul 02 14:41

Greece and the New Colonial Endgame

Jul 02 14:37

Greece: No to Austerity, Yes to Democracy

The people of Greece are at a critical moment as the country teeters on the verge of financial default. This is a clear case of the people against global banks and financial institutions. The Institute for Agriculture and Trade Policy urges all of our friends and allies to stand together with the Greek people and say no to the banks.

Jul 02 13:45

HHS pays $1.3 billion in ‘secret settlements’

The Center for Medicare and Medicaid Services secretly paid out over a billion dollars in improper hospital claims earlier last month, despite auditors labeling them unnecessary previously.

Jul 02 13:42

How The Mainstream Media Will Spin Unemployment

This is a simple lesson in how the current administration and its willing accomplices in the mainstream press ‘spin’ the unemployment facts into so called ‘good news’.

Jul 02 13:11

Tory policies force Britain's poorest families to suffer the most

A newly released report has revealed, as many have suspected, that British taxes are currently weighted in such a way that hits the poorest families harder than the richest ones. With the Tories considering tax cuts for the rich, and reducing benefits plus tax credits for the poor that situation could get worse instead of better.

Jul 02 13:07

Desperate Greeks Dumpster Dive for Food As Crisis Means “Americans May Face Severe Food Shortages” Too

It wouldn’t take much for these events to come home to America… and plenty of fuel for a further crisis is in the works.

Record numbers of struggling Americans are already...

Read more at SHTFplan.com

Jul 02 13:02

Economic exodus means two-thirds of Puerto Ricans may soon live in US

Facing a crisis of monumental proportions at home, tens of thousands of people are fleeing a Caribbean island in search of a better life in the United States only to find hardship and struggle on American shores. Their stories sound like those of millions of migrants – poverty at home, where the economy lies in tatters – but they differ from millions of others: they’re already American.

Jul 02 12:14

Detroit braces for a flood of tax foreclosures

Wayne County to auction 30,000 homes in fall; a third of them are still occupied

Jul 02 12:05

Tennessee Train Derailment: 5,000 Residents Evacuated From Maryville

More than 5,000 residents were evacuated after a freight train carrying a "highly flammable and toxic gas" partly derailed and caught fire overnight just outside Knoxville, Tennessee, officials said.

Webmaster's Commentary: 

We can give Israel billions with which to make war on their neighbors, but can't afford to keep the tracks in good repair!

Jul 02 11:55

US income inequality continued to soar in 2014

Income inequality in the United States continued to grow in 2014, according to updated figures released last week by University of California, Berkeley economist Emmanuel Saez.

Jul 02 11:53

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

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

Jul 02 11:28

Keiser Report: On the Verge of Despotism

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss how it is that Aristotle predicted this day of financial and economic despotism.

Jul 02 11:00

Precious Metal Derivatives Decline 29%

Jul 02 10:17

VT producers dumping obscene amounts of milk

Jul 02 10:16

Factory Orders Scream Recession: Annual Drop Biggest Since 2008

This has never happened outside of recession... Year-over-year, factory orders dropped 6.3% (adjusted) but 8% non-adjusted, the most since the financial crisis. Against expectations of a 0.5% drop MoM, manufacturers saw new orders tumble 1.0% and previous months were revised dramatically lower. Factory orders has now missed 10 of the last 11 months.

Jul 02 09:48

Leaked: What’s in Obama’s trade deal

POLITICO has obtained a draft copy of TPP’s intellectual property chapter as it stood on May 11, at the start of the latest negotiating round in Guam. While U.S. trade officials would not confirm the authenticity of the document, they downplayed its importance, emphasizing that the terms of the deal are likely to change significantly as the talks enter their final stages. Those terms are still secret, but the public will get to see them once the twelve TPP nations reach a final agreement and President Obama seeks congressional approval.

Webmaster's Commentary: 

These bills are not for the protection of We the People, but protection of corporate profits, period, end of discussion.

"... the most transparent administration in history", MY ASTROLABE!!

The administration is so terrified of public outrage about these terms, that the public is forbidden to see these treaties until they have been successfully concluded.

How's THAT working for you, in terms of an alleged "transparent presidency"?!?

Jul 02 09:40

Goldman "Conspiracy Theory" Validated As ECB Expands QE Program

today’s announcement by the ECB seems to prove what we said in “Goldman’s Conspiracy Theory Stunner"; namely that Mario Draghi wants to push Greece over the edge in order to give himself an excuse to expand QE.

Jul 02 09:39

Labor Market Runs in Place; More Jobs, Participation Lowest Since 1977

The U.S. labor market took one step forward and one back in June as job creation advanced while wages stagnated and the size of the labor force receded.

The addition of 223,000 jobs followed a 254,000 increase in the prior month that was less than previously estimated, a Labor Department report showed Thursday in Washington. The jobless rate fell to a seven-year low of 5.3 percent as people left the workforce.

Jul 02 09:38

Trump on Greece's Debt Crisis: "Putin Probably Comes In To Save The Day"

Trump believes if Germany doesn't step in he fears Vladimir Putin will come in and "save the day."

Webmaster's Commentary: 

Oddly enough, I agree with him.

Jul 02 09:18

Greece 'Has Plan B' if Europe Refuses New Bailout

Athens has drafted a "Plan B" in case the Eurozone turns down the latest bailout request of PM Alexis Tsipras, Greek Energy Minister Panagiotis Lafazanis has said.

"Lack of [money] from the EU is not the end of the world. We have other sources," Lazafanis told Rossiya 24 TV.

Lafazanis failed to elaborate.

Webmaster's Commentary: 

China and/or Russia?

Jul 02 09:12

Pope voices concerns about Greek debt crisis

Pope Francis has expressed concern about the Greek debt crisis, his spokesman told reporters.

Father Federico Lombardi, the director of the Vatican press office, said that the Pontiff wanted to express his sympathy for the people of Greece, and to say that any solution should be based on the dignity of the human person.

Webmaster's Commentary: 

For starters, your Popeness, you might sell off your majority interest in the Beretta Arms company, and that publishing firm that produces porn, and send a check to Athens!

Jul 02 09:01

Record 93.6 Million People Not in American Labor Force, Highest Since 1977

While the White House again is smiling through its teeth and claiming, "the strongest two-year job growth since 2000," a record-setting 93,626,000 Americans did not even participate in the nation’s labor force at all in June 2015.

That means that 93.6 million Americans age 16 or older who were not in the military or institutionalized did not hold down a job and didn't try to find one, either.

This is the largest number of people not working or trying to work in this country since 1977.

(read more)

Jul 02 08:51

Puerto Rico on the Brink of Financial Collapse

Economist James Henry breakdowns the hedge funds, bond holders, and wealthy individuals who have benefited from Puerto Rico’s triple tax exempt status.

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