ECONOMY

Aug 17 07:40

"Anti-Putin" Alliance Fraying: Germany, Slovakia, Greece, Czech Republic Urge End To Russian Sanctions

So with increasingly more eastern and central European nations vocally opining against Russian sanctions, and with the Ukraine government now clearly engaging in open provocations to curry popular support for some "unfathomable" warmongering cause (unless of course it can provide evidence it did indeed destroy a Russian military convoy on its territory), how long until the "western" alliance finally folds under its own weight and has no choice but to roll back the sanctions and de-escalate, in the process handing Putin the biggest diplomatic knockout round yet?

Aug 17 07:38

The Consumer Lacks Confidence: Stemberg

Aug 17 07:27

Russia may impose additional tax on foreign fast-food

Foreign fast-food companies should be additionally taxed, a Russian State Duma deputy has suggested. Igor Zotov said the money raised could go to improving the general health of the population.

Zotov’s bill would see a tax rise from 20 percent to 23 percent, which will increase the cost of fast-food, reduce customer demand, and contribute in the national budget, Izvestia reports.

Among the fast-food chains targeted are McDonald’s, Burger King, KFC, Subway, Starbucks, Papa John's and others.

Aug 17 06:52

Twelve Basic Principles of Energy and the Economy

1. Economic models are no longer valid, as we start getting close to limits.

We live in a finite world. Because of this, the extraction of energy resources and of resources in general operates in a way that is not at all intuitive as we approach limits. Economists have put together models of how the economy can be expected to act based on how the economy acts when it is distant from limits. Unfortunately, these economic models are worse than useless as limits approach because modeled relationships no longer hold. For example:

(a) The assumption that oil prices will rise as the cost of extraction rises is not necessarily true. Instead, a finite world creates feedback loops that tend to keep oil prices too low because of its tight inter-connections with wages. We see this happening right now. The Telegraph reported recently, “Oil and gas company debt soars to danger levels to cover shortfall in cash.”

Aug 16 17:19

Obama’s Secret TPP Deal Would Be Disastrous For America

Meanwhile, corporate lobbyists have been allowed into the negotiations. Why have lobbyists for corporations such as Monsanto been allowed in while Congress and the public are kept out?

Only recently have members been granted very limited access. To get it they were required to make a special appointment to view the draft copy of the TPP. They were only allowed to read sections they specifically asked for; they were not allowed to take notes or discuss any of the details with anyone, not even their staff.

Alan Grayson (D-FL) was one member of Congress who viewed the draft. “What I saw was nothing that could possibly justify the secrecy that surrounds it,” he said. “It is ironic in a way that the government thinks it’s alright to have a record of every single call an American makes, but not alright for an American citizen to know what sovereign powers the government is negotiating away.”

Aug 16 14:03

Stop the Police Tobacco-Related Murders of Black Guys

This is not to make light of the recent extremely high-profile killings of two young black males. People are killed by police every day across the country. More innocent people are killed by police than by "terrorists." Police are militarized, trained by the Israeli government, and are completely out of control. We live in a fascist police state. But one interesting point of late is that this is the second black guy killed over incidents which began involving cigarettes/tobacco products. Eric Garner was allegedly selling black-market untaxed cigs in NY, and Michael Brown was allegedly shoplifting tobacco products in MO. Let's address policy here, which is the crux of the matter. Policy affects lives.

Aug 16 13:07

Investment Guru Warns: “The Market Is Very Crash-Prone… Very Fragile”

There’s no chance that the outcome in the financial markets in America is a pleasant one because we’ve gotten here because of the printed money.

This can’t possibly end well. This has gone on for so long.

Aug 16 12:30

CRASH2: NO WAY OUT FOR THE BIG FIVE – & THAT SPELLS DISASTER FOR THE EMERGING ECONOMIES

ONE OF THE FEW MEN WHO CALLED THE LAST CRASH WARNS OF THE NEXT ONE’S IMMINENCE

Aug 16 10:59

Welcome to Police State America: The US Has Descended Into An Undeclared State of Martial Law

According to the Economist Intelligence Unit Democracy Index 2013, the United States is tied with Romania for forty-ninth in civil liberties. Several countries such as Australia, Canada, Ireland, New Zealand, and Norway are tied for first.

Secretly disappearing people under the NDAA, executing three American citizens with drones, and unbridled, Fourth Amendment violating spy activities will put a country on par with Romania with regard to civil liberties.

Aug 16 10:46

"Anti-Putin" Alliance Fraying: Germany, Slovakia, Greece, Czech Republic Urge End To Russian Sanctions

Last week Germany reported that in the second quarter, its GDP declined by 0.2%, worse than Wall Street consensus. This happened a few shorts days after Italy reported a second consecutive decline in its own GDP, becoming the first Europen country to enter a triple-dip recession. What's worse, Europe's slowdown took place before the brunt of Russian sanctions hit. Surely in the third quarter the GDP of Germany, a nation whose exports accounts for 41% of GDP, will be even worse, with whisper numbers of -1% being thrown casually around, but one thing is certain: Europe is about to enter its third recession since the Lehman collapse just as we forecast at the end of 2013, a "triple-dip" which may become an outright depression unless Draghi injects a few trillion in credit money (which will do nothing but delay the inevitable and make it that much worse once the can can no longer be kicked), and unless normal trade ties with Russia are restored.

Webmaster's Commentary: 

In another time, this might have slowed the march to war between Russia and the US; unfortunately, however, too many corporations have too much invested in such a war to back off now.

I am fully expecting a false flag event, to be blamed on Russia, as the trigger here, because nothing else appears to be working.

However, I would like to politely point out that the US military doesn't have the money, the manufacturing, or the troop strength to insure a positive outcome to a conventional war with Russia, which is what makes the military scenario so scarily dangerous.

How long it will take for the US government to turn such a war nuclear, I cannot foretell; but I would imagine it would be when they realize they can not potentially win this any other way.

Aug 16 09:52

Utility vs Store of Value

Aug 16 09:37

Gaza, Ukraine: The War Drums are Sounding the Alarm

As a writer of articles reporting news events of the world, I often seek to expose the concealed truth beneath the layers of a monolithic state sponsored propaganda machine called mainstream media that simply spreads the lies our leaders tell. And as perilously out of control the earth appears to be spinning this year, no events or developments cut to the core of what it means to be human than responding to what has been taking place this summer in Gaza.

2014 may go down in history as the year that the West initiated the Second Cold War on its way to initiating the Third World War. Spearheaded by arrogant American Empire power lusting desperately for global hegemonic control, this year the US rush to war is backed by its usual suspects, Europe-NATO-British Commonwealth, and its usual Middle East partners-in-crime Israel and Saudi Arabia.

Webmaster's Commentary: 

What we have in Gaza, and Eastern Ukraine,are war crimes against helpless citizens, women and children, who are killed by both the IDF and Poroschenko's troops with impunity.

But the war against the world's citizens doesn't end there.

We are witnessing some shocking repression right here in the United States, as the police become more militarized, courtesy of their Israeli trainers, and feel that throwing tear gas cannisters at peaceful protestors; spraying them with pepper spray; and shooting them with rubber bullets, are all standard practices against peaceful protest.

There is a law in physics that for every action, there is an equal and opposite reaction; so too with poliical and physical repression.

Ask the people whooverthrew the reign of Batista in Cuba; the people overthrew the Shah of Iran; and the Romanian people overthrew Ceausescu.

And please remember: all wars are banker's wars, because banks profit from all sides, at usurious interest rates, and countries may need decades to pay back all the capital, plus the interest on the loans they take in order to wage wars.

But the biggest war crime of them all is starting a war that has no basis whatsoever in terms of national defense, which is what the US government is getting ready to do.

It is about saving the currency, when ultimately all the blood and money spent is to fatten the coffers of private corporations. It is not about freedom; it is not about protecting our rights; war is a method to insure the supremacy of the US dollar in international trade, period, end of discussion.

Aug 16 09:04

Europe’s Greater Depression is worse than the 1930s

Europe hasn't recovered, because it hasn't let itself. Too much fiscal austerity and too little monetary stimulus have, instead, put it more than halfway to a lost decade that's already worse than the 1930s.

It's a greater depression.

Webmaster's Commentary: 

But it has made the owners of the private central bank richer than Midas, and that's really all that matters!!!

Aug 16 09:01

US Postal Service officials report $2B loss this spring

The U.S. Postal Service lost $2 billion this spring despite increasing its volume and charging consumers more money to send mail, officials said Monday.

Webmaster's Commentary: 

Back at the start of our current Hurricane season, and sensing it would be a rough one this year, I ordered some MREs from CampingSurvival.com, who has been an advertiser here at WRH. CampingSurvival.com promptly shipped the order via the US Postal Service on July 16th. As of today, August 16th, one MONTH later, the usps.com website tracking shows the package of MREs still sitting in the postal facility at Richmond California! It is this abysmal service that has driven many former US Postal Service customers to use FedEx and UPS. But, not to worry, the USPS is already demanding a taxpayer bailout to cover the losses from their own ineptitude! That is, after all, the American Way!!!

Aug 16 08:26

ALL WARS ARE BANKERS' WARS! THE ORIGINAL ARTICLE

"If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the Constitution pays nobody but those who contribute in some useful way. It is absurd to say our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the People. " -- Thomas A. Edison

Webmaster's Commentary: 

This is the original article from which the popular YouTube video was created. There have been some additions to this and with war clearly being fomented by the United States against ... everyone, I figured it was time for a report!

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Aug 16 08:26

Stocks Stumble: Is Ukraine to Blame?

Aug 16 08:05

Russia Sanctions Blowback: EU Takes The Hit For USA

Russia Sanctions Blowback: Finland’s Largest Dairy Lays Off 800, Spain Seeks EU Aid, Poland Complains To WTO

Aug 16 07:55

Fracking – another commodity bubble of our times

Meanwhile, The New York Times has previously leaked emails which included this ominous warning from a respected analyst: “The word in the world of independents is that the shale plays are just giant Ponzi schemes and the economics just do not work.”

All this investment is creating copious wells, at twice the price of ordinary ones, and because they are, first production is taking place at about the same time, the initial figures look great. This fuels further blind equity but then, as mentioned earlier, the output drops extremely fast.

Just like the housing bubble of the early years of this century, the fashion for fracking is also heading towards a cliff. Once the attractive spots have been milked, production will slump and many wells will not even take off at all, following the example of Poland where drilling dozens of wells has led to nothing.

It’s obvious that a few years from now, fracking will be seen as this period’s equivalent of the tulip and dot-com convulsions.

Aug 16 07:08

Chinese Power Consumption Crashes: Lowest Growth In 16 Months, Tumbles 10% In Shanghai, As Much As 22% Elsewhere

When it comes to Chinese (or any other in these centrally-planned, fabricated days) economic data, there is GDP and then there is reality. And as the current premier of China himself has admitted, there is no more accurate indicator of real, not bullshit "growth", than China's monthly power consumption. It is here that another rather massive divergence from China's official data (which has the world believe China GDP rose 7.5% in Q2) has appeared. According to Economic Information Daily, power consumption in Shanghai and Jiangsu fell by more than 10% y/y in July, compared with double-digit growth a year ago, sources said. And it gets worse: other provinces, including Zhejiang, Anhui, Hubei, Hunan and Guizhou, reported a power consumption declines of up to 22 percentage points. One could almost say the Ukraine ministry of YouTube clips has been put in charge of China's GDP calculation.

Aug 15 16:36

Why House Down Payments Are on the Rise

Aug 15 14:04

Russia Remains Finland’s Number One Trade Partner – Putin

Russia remains Finland’s number one trade and economic partner, but trade turnover shrinks due to political and economic difficulties, Russian President Vladimir Putin told his Finnish counterpart Sauli Niinisto Friday.

Aug 15 14:02

Spanish public debt tops €1 trillion-mark

Spain's public debt has topped €1 trillion ($1.3 trillion) for the first time, the central bank announced on Thursday, despite years of government-imposed austerity.

Aug 15 13:52

The whole eurozone is sick, not just France

Critics of France’s Socialist government were quick to point the finger at president François Hollande and his ministers on Thursday after the latest figures on the economy made for some sorry reading.

Aug 15 12:50

Stafne Law Crushes MERS, Fidelity and Deutsche Bank in Knecht v. Fidelity Summary Judgment Case: MERS Assignment a Legal Nullity.

Another homeowner victory. As usual, KingCast and Mortgage Movies cameras were nearby.

Friday, August 15, 2014

KingCast and Mortgage Movies Celebrate as Stafne Law Crushes MERS, Fidelity and Deutsche Bank in Knecht v. Fidelity Summary Judgment; MERS Assignment a Legal Nullity.

Above: Attorneys Scott Stafne and Josh Trumbull at the command center
as we discussed the ramifications of yesterday's Federal Court victory.

Aug 15 12:07

Russia seeks safe haven in gold, away from dollar and euro

Russia is taking steps to ensure that it protects itself from any future dollar or euro sanctions. Moscow boasts the world’s 5th biggest foreign exchange reserves and the 6th largest gold reserves. In total, the assets amount to over $1.5 trillion.

While the West is continuing to try and punish Russia via economic sanctions, the response of the Russian Central Bank has been to diversify away from the euro and dollar – and to buy up more gold.

Aug 15 11:54

Leaked Doc Puts Spotlight on Corporate-Friendly Trade Deal

A leaked document is putting the spotlight on a trade deal between Canada and the European Union that one critic says is all about "giving corporations rights."

The text of the deal, the Comprehensive Economic and Trade Agreement (CETA), had thus far been kept from public scrutiny. But the German television show Tagesschau uploaded a521-page portion (pdf) Wednesday, said to be roughly a third of the full text.

Aug 15 11:45

Useful Idiots and the Something For Nothing Society - Part III of IV

The greatest man made societal and economic collapse in history is unfolding before our eyes. This Journey to the collapse of the developed world's civilization and empire began over 100 years ago during the Presidency of Woodrow Wilson with his subversion/betrayal of the constitution of the United States and creation of a privately owned banking and currency monopoly called the Federal Reserve and the creation of the income tax to fund the beginning of the Confiscationism of the progressive socialism we see today. In exchange for a monopoly on money to multi century banking cartels which allowed the country to be run for the benefit of the banking systems. In exchange for unlimited funding for government. Private property rights began its road to demise at that time.

Aug 15 11:39

Some Reasons to Materialize Iran, Iraq, and Syria’s Gas Pipeline

Iran,Iraq and Syria are working together on a gas pipeline project that will transport gas from the South Pars Field in Assalouyeh, Iran to Damascus via Iraq. Fars Press Agency announced the 1,6000 kilometer pipeline’s transfer capacity would be 110 million cubic meters of natural gas a day, upon completion.

This tri-partite gas pipeline project has two different names. Iran and Iraq's governments have dubbed it the “friendship pipeline”, while some Western media sources call it the "Islamic pipeline”. This double naming belies two different interpretations of the project. From an Iranian perspective, this gas pipeline represents a first step towards a new energy road. From some Western perspectives, this project represents an enlargement in Iran’s sphere of influence.

Aug 15 11:34

The Geopolitics of Gas and the Syrian Crisis: Syrian “Opposition” Armed to Thwart Construction of Iran-Iraq-Syria Gas Pipeline

In the apt expression of F. William Engdahl, «Natural gas is the flammable ingredient that is fueling this insane scramble for energy in the region.» A battle is raging over whether pipelines will go toward Europe from east to west, from Iran and Iraq to the Mediterranean coast of Syria, or take a more northbound route from Qatar and Saudi Arabia via Syria and Turkey. Having realized that the stalled Nabucco pipeline, and indeed the entire Southern Corridor, are backed up only by Azerbaijan’s reserves and can never equal Russian supplies to Europe or thwart the construction of the South Stream, the West is in a hurry to replace them with resources from the Persian Gulf. Syria ends up being a key link in this chain, and it leans in favor of Iran and Russia; thus it was decided in the Western capitals that its regime needs to change. The fight for «democracy» is a false flag thrown out to cover up totally different aims.

Aug 15 11:30

Lukoil signs deal to produce gas in Iraq

The Russian company Lukoil and the Oil Exploration Company of Iraq have signed a memorandum on gas exploration in the Western Euphrates block in Iraq. Until now, the Russian company has participated only in oil extraction projects in Iraq.

The decision on signing a final contract will be made ??after a thorough evaluation of the block, said Lukoil. The company hopes to find major reserves there.

Aug 15 11:29

China’s Iraq Oil Problem

Thanks to China’s insatiable appetite for oil—last year it passed the U.S. as the world’s largest importer—the country has become Iraq’s top trading partner. After Iraq turned peaceful post-war, China’s state-run oil giants rushed to sign Iraqi contracts. They were largely low-margin, unprofitable deals, but the Chinese need crude and were willing to accept meager deals that other countries weren’t. There are now 10,000 Chinese oil workers in the country.

Aug 15 11:26

Iraq Crisis Threatens Chinese Oil Investments

As the situation in Iraq worsens, China is showing increasing consternation. And while authorities have mainly issued broad statements of concern, it’s no secret what worries those in charge in Beijing: the risks the crisis could pose to its Iraqi-sourced oil supply and China’s three petro-majors, all active in the country.

Aug 15 11:09

NAFTA is 20-years old — Here are some facts on how it is destroying the economy

Back in the early 1990s, the North American Free Trade Agreement was one of the hottest political issues in the country.

Aug 15 10:41

China Is Rejecting GMO Corn and That Isn't Good for American Farmers

The industrial agribusiness has embraced GMOs in the United States, but it's having a serious effect on farmers. Most recently, China began rejecting a variety of genetically modified US corn, and the rejection is reportedly costing American farmers upwards of $3 billion, according to the National Feed and Grain Association. A rejection of US grain in China has serious consequences here on home turf, as the country is one of the top importers of US corn, and its demand is projected to grow. But not if GMOs are involved.

Aug 15 10:05

Spanish public debt tops one trillion euros

Spain’s public debt has topped one trillion euros ($1.3 trillion) for the first time, the central bank announced Thursday, despite years of government-imposed austerity.

The nation’s accumulated public debt mushroomed to 1.007 trillion euros at the end of June from 996 billion euros a month earlier, the Bank of Spain said in a report.

Prime Minister Mariano Rajoy’s government has struggled to contain annual deficits by raising taxes, freezing public salaries and curbing spending on services such as education and health care despite angry street protests.

Though the annual deficits are on the decline, they continue to push up the sovereign debt of the eurozone’s fourth-largest economy. The public debt figure includes the cost of a 41-billion-euro banking rescue in 2012 financed by Spain’s eurozone partners.

Webmaster's Commentary: 

The problem with such a Ponzie scheme is that it cannot remain stable forever, and there will be a hard and fast point when their economy (and ours) will collapse.

Aug 15 09:32

I May Be Bullish, But I'm Not Foolish

Aug 15 08:52

How Old Will Social Security Be When the Rich Pay the Same Rate as the Rest of Us?

Today is Social Security's 79th birthday, a good time to celebrate the nation's most effective anti-poverty program, which, especially after the housing crash and Great Recession, is crucial to the retirement security of middle- and working-class Americans.

But in about 20 years, Social Security will likely be able to pay only about 3/4 of promised benefits to retirees (if nothing's done to change the program). One way to make sure that this drop doesn't happen is to have our nation's wealthiest folks pay the same Social Security payroll tax rate as the rest of us.

Aug 15 08:45

France rebels against austerity as Europe's recovery collapses

France’s finance minister sends tremors through European capitals with a defiant warning that his country would no longer try to meet deficit targets

Aug 15 08:31

Massacre Announced: Brazil PM to evict 20K people in $6.5B land grab

20,000 people in Belo Horizonte, Brazil, are to be attacked by 10,000 military police and evicted from their homes in a land grab mega-operation intent on creating a 6.5 billion dollar profit. 8,000 families will have their houses be demolished, and be thrown into total poverty and homelessness. The military police’s operation is illegal, there is not even a court decision yet for the mass eviction, and the state has not and does not intend to provide alternate housing. Police are simply interested in clearing the land from the 20,000 inhabitants so that real estate can turn it into profit.

Aug 15 08:15

Illegal immigrant children get first-class treatment at taxpayers’ expense

From culturally sensitive music to special meals for the lactose intolerant, the organizations the federal government is paying to house and care for the children who have surged across the border illegally are taking pains to make sure they are as comfortable as possible.

Dietitians scrutinize the menus each day to make sure they include enough whole grains but not whole milk. Counselors offer life skills classes in Spanish, and intensive English language training, including use of the Rosetta Stone program. Doctors and dentists treat the children at taxpayers’ expense

Webmaster's Commentary: 

But LEGAL American children are left to go hungry, save for the charity of ordinary citizens!

Aug 15 07:56

Euro-Zone Growth Grinds to a Standstill

Aug 15 07:49

Gary Webb’s DARK ALLIANCE Timeline

- evolution of an international drug ring with ties to the CIA

Aug 15 06:54

Handcuffing the Invisible Hand

Aug 15 06:42

Poland readies complaint to WTO over Russian embargo

Don't buy Polish apples,buy American apples if there are any!
You can't sell your apples in Russia any more because you care more about pleasing dc then you do about your own people!

Polish Agriculture Ministry has prepared a formal complaint to the World Trade Organization (WTO) over the Russian ban on exports of agricultural goods from the European Union, according to the Minister Marek Sawicki.

Sawicki confirmed on Monday its being handled by Deputy Prime Minister Janusz Piechoci?ski, who is responsible for WTO cooperation and that in the coming days “the complaint will be handed over further.”

Aug 15 06:38

EU Farmers to Lose $16 Billion As Russians Support Food Embargo!

By the time this plays out the US may find itself under world wide quarantine...until it gets better or passes on!

MOSCOW, August 14 (RIA Novosti) — The EU commissioners are seeking ways of reducing the harmful impact that Russia's food import ban is causing the European economy, although it is early to speak of exact numbers of losses, experts say.

"We still feel it's a little bit soon to discuss the cost implications. We are looking at every product individually," said Roger Waite, a spokesman for the EU’s executive Commission, earlier this week as cited by the International Business Times.

Aug 15 06:37

'Buy firewood & coal': MP warns Ukrainians after US, EU get access to national gas pipes

The decision by the Ukrainian parliament to allow companies from the US and EU to co-manage the country’s gas pipelines could lead to the country being left with no gas supplies in the coming winter, an MP has warned in an emotional online address.

Nikolay Rudkovsky, an independent MP in Ukraine’s Verkhovna Rada, believes the law allowing 49 percent of Ukraine’s national gas transportation system (GTS) to be managed by foreign companies is a big mistake.

“People, my advice to you is: buy firewood and coal! After the Law on reforming the management system of the united gas transportation system of Ukraine (#4116) was passed today, our country has been left with almost no chances of staying with gas,” Rudkovsky said on Facebook, following the Rada session.

“Don’t the MPs understand that we are now guaranteed to have a winter with no heating?” he asked.

Aug 15 06:34

China to start direct sales of fruit and vegetables to Russia

Putin signed deals with numerous countries before and after the Russian sanctions were announced. Russia wont suffer but Europeans will suffer for the US government and their stupid dictatorial policys! BRRR! Gonna be a cold winter!

China will start selling fruit and vegetables directly to Russia, and Baorong company plans to set up a special logistics center in Dongning on the border with Russia’s Far East to do it.

The announcement comes after Russia introduced a 1-year ban on imports of some agricultural products from the EU, US, Australia, Canada, Australia and Norway last week. If it lasts, it could cost European Union members $16 billion, Vygaudas Usackas, the EU ambassador to Russia, estimated.

On Thursday the EU is holding a meeting to assess the possible effect of Russia’s sanctions on its farmers.

Aug 15 06:17

EU sanctions like 'shooting oneself in the foot' - Hungary PM

Hungarian Prime Minister Viktor Orban has urged a rethink of the European Union’s sanctions policy toward Russia, saying the measures are like “shooting oneself in the foot.”

“The sanctions policy pursued by the West, that is, ourselves, a necessary consequence of which, has been what the Russians are doing, causes more harm to us than to Russia,” Reuters quoted Orban as saying on the radio, he added “in politics, this is called shooting oneself in the foot.”

Aug 15 00:52

$2.46T: Tax Revenues for FY14 Hit Record Through July — Government Runs $460B Deficit

Inflation-adjusted federal tax revenues hit a record $2,469,178,000,000 for the first 10 months of the fiscal year this July, but the federal government still ran a $460,450,000,000 deficit during that time, according to the Monthly Treasury Statement.

Aug 15 00:43

Obama prepares schools for migrant kids

The Obama administration is preparing the nation’s schools to accept thousands of new students who illegally crossed the southwest border and are now awaiting trials on their possible deportations.

Aug 14 22:33

The Beginning of World Shift

Russian Strategy in the Face of Anglo-American Imperialism
by Thierry Meyssan
Voltaire Network | Damascus (Syria) | 13 August 2014

Anglo-Saxon agression against Russia is taking the form of financial and economic warfare. However, Moscow is preparing for armed hostilities by developing its agricultural self-sufficency and multiplying its alliances. For Thierry Meyssan, after the creation of the caliphate in the Levant, Washington would lay down a new card in September in St. Petersburg. The ability of Russia to maintain its internal stability will determine the course of events.......

Aug 14 18:47

What has been supporting gold prices?

Aug 14 16:07

NAFTA Is 20 Years Old – Here Are 20 Facts That Show How It Is Destroying The Economy

Back in the early 1990s, the North American Free Trade Agreement was one of the hottest political issues in the country. When he was running for president in 1992, Bill Clinton promised that NAFTA would result in an increase in the number of high quality jobs for Americans that it would reduce illegal immigration. Ross Perot warned that just the opposite would happen. He warned that if NAFTA was implemented there would be a "giant sucking sound" as thousands of businesses and millions of jobs left this country. Most Americans chose to believe Bill Clinton. Well, it is 20 years later and it turns out that Perot was right and Clinton was dead wrong. But now history is repeating itself, and most Americans don't even realize that it is happening. As you will read about at the end of this article, Barack Obama has been negotiating a secret trade treaty that is being called "NAFTA on steroids", and if Congress adopts it we could lose millions more good paying jobs.

Aug 14 15:26

EU Farmers To Lose $16 Billion as Russians Support Food Embargo

Poland, Norway and Netherlands are among the "hardest-hit" economies due to the Russian food import ban, according to the International Business Times. Poland and Norway annually export over one billion dollars in agricultural goods to Russia, while Netherlands, Spain, Germany and Demark, supply about $850 million in food to the Russian market each year.

Aug 14 15:07

No significant recovery in world economy, says US Fed official

Almost six years after the financial crisis that began with the collapse of the US investment firm Lehman Brothers in September 2008, triggering the deepest recession since the 1930s, the world economy is showing no sign of significant recovery.

Aug 14 15:07

Rent vs Income

Aug 14 13:40

Cry for Argentina: Fiscal Mismanagement, Odious Debt or Pillage?

Argentina has now taken the US to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt. Better yet would be a sustainable global monetary scheme that avoids the need for sovereign bankruptcy.

Aug 14 12:55

Ukraine Passes Russian Sanctions Law: Gas Transit Halt Seems Imminent

The Ukrainian parliament approved a law on Thursday to impose sanctions on Russian companies and individuals "for financing terrorism." As Reuters reports, Prime Minister Arseny Yatseniuk told parliament that "by approving the law on sanctions, we showed that the country is able to protect itself." The first 'threat' though - that European energy companies would have to agree major contract revisions when purchasing Russian natural gas, potentially disrupting supplies in the coming winter months - seems suicidal... and EU leaders are not happy.

Aug 14 12:09

Putin Says The Petrodollar Must Die, "The Dollar Monopoly In Energy Trade Is Damaging Russia's Economy"

On one hand, despite initial weakness following Europe's triple-dip red alert, futures declined only to surge higher after some headline or another out of Russia was again spun to suggest imminent Ukraine de-escalation (something which Russia whose only interest is to keep crude prices high, has absolutely zero interest in), perpetuating a rumor which was set off by a Russian media outlet tweet last week that has sent S&P futures over 50 higher in less than a week on... nothing.

On the other, Putin just said the following, which no matter how one spins it, shows precisely how Russia is inclined vis-a-vis future (un-de-counter) escalations.

PUTIN SAYS RUSSIA SHOULD AIM TO SELL OIL AND GAS FOR ROUBLES GLOBALLY, AS DOLLAR MONOPOLY IN ENERGY TRADE IS DAMAGING ECONOMY

Webmaster's Commentary: 

BRILLIANT! Putin out-thinks the US again! By charging Roubles for Russia's oil, Putin will force European countries to have to trade Euros for Roubles, leaving the US dollar high and dry.

The US cannot complain about Russia selling its oil for the Rouble without telegraphing to the world that all these wars of conquest have been about keeping the global oil trade in US dollars only.

Aug 14 11:55

How Will the Dollar Collapse Impact Society?

Aug 14 10:14

14 reasons why the U.S. economy’s bubble of false prosperity may be about to burst

DID YOU KNOW THAT A MAJOR EVENT JUST HAPPENED IN THE FINANCIAL MARKETS THAT WE HAVE NOT SEEN SINCE THE FINANCIAL CRISIS OF 2008?

Aug 14 09:47

Former Wells Fargo tellers accused of stealing from online accounts

Federal authorities charged five South Florida residents, including two former tellers at Wells Fargo Bank, with stealing customers’ identities to pilfer money from their accounts.

Former tellers Wassim Jamal Abouassali, of Plantation, and Luis M. Jimenez, of Miami, are accused of sharing customers’ personal information with Hialeah residents Jesus Venereo, Lazaro Perez and Raul Riveron. All of the men face numerous counts of bank fraud and aggravated identity theft which could carry up to 30 years in prison.

Aug 14 09:44

In the Time of the Shadow Bankers

A practice and loophole that emerged around 2008, US corporate tax ‘inversions’—the latest version in a long list of US transnational corporation tax scams—have taken off in 2014. A tax inversion is set in motion when a US based corporation buys another company offshore and then manipulates the tax codes of both countries to extract the greatest net tax reduction.

Aug 14 08:52

Wal-Mart Cuts Profit Forecast Amid Slow Sales, Health Costs

Wal-Mart Stores Inc. (WMT), the world’s largest retailer, reported stagnant same-store sales and cut its earnings forecast for the year, hurt by higher health-care costs and slow traffic at its supercenters.

Webmaster's Commentary: 

And if Wal-Mart isn't making it, then none of the other retailers are.

Aug 14 08:49

The Bank for International Settlements' Backdoor Betrayal

The Bank for International Settlements, otherwise known as the BIS, should more aptly be named the Bank for International division and domination. It's clearly an institution with global reach, whose hidden covert purpose is to impose the financial globalist's agenda on all sovereign nation states.

Aug 14 08:48

Debt Rattle Aug 12 2014: The Lost Art of Empire

....perhaps help is on its way, from sources that are likely even more unlikely than the cavalry. That is to say, the – right-wing – Daily Telegraph in Britain has started reporting on the dark sides of Ukraine’s government, and our attitude towards the country. Over the weekend, Christopher Booker wrote:

Fresh Evidence Of How The West Lured Ukraine Into Its Orbit

How odd it has been to read all those accounts of Europe sleepwalking into war in the summer of 1914, and how such madness must never happen again, against the background of the most misrepresented major story of 2014 – the gathering crisis between Russia and the West over Ukraine,

For months the West has been demonising President Putin, with figures such as the Prince of Wales and Hillary Clinton comparing him with Hitler, oblivious to the fact that what set this crisis in motion were those recklessly provocative moves to absorb Ukraine into the EU. There was never any way that this drive to suck the original cradle of Russian identity into the Brussels empire was not going to provoke Moscow to react – not least due to the prospect that its only warm-water ports, in Crimea, might soon be taken over by Nato.

Aug 14 08:47

US Officials: Israel Restocked Ammo During Gaza Offensive Without White House Approval

Israel secured supplies of ammunition from the Pentagon last month without the approval of the White House or the State Department, The Wall Street Journal reported Thursday.

Since officials there were caught off guard as they tried to restrain Israel's campaign in Gaza, the administration of President Barack Obama has tightened controls on arms shipments to Israel, the newspaper said, quoting U.S. and Israeli officials.

But the case illustrated that the White House and the State Department had little influence over the government of Prime Minister Benjamin Netanyahu, the paper said, quoting officials from both countries.

Webmaster's Commentary: 

So, Israel is a thief, stealing from the American people, who were forced to pay for all those weapons.

Worse, the White House didn't catch Israel in the theft!

So, what will the US Government do about it?

Nothing!

As usual.

Aug 14 08:24

U.S. retail sales flat in July, autos fall for second straight month

U.S. retail sales were unexpectedly flat in July, pointing to some loss of momentum in the economy early in the third quarter.

The Commerce Department said on Wednesday retail sales, which had increased 0.2 percent in June, were held back by a second straight month of declines in receipts at auto dealers, as well as weak sales of furniture and electronics and appliances.

July's reading was the weakest since January. Economists polled by Reuters had forecast retail sales, which account for a third of consumer spending, increasing 0.2 percent last month.

Webmaster's Commentary: 

FOX News is reporting that there has been a surge in new unemployment claims, yet insists that the jobless numbers remain at "pre-recession levels" (just months away from the mid-term elections).

Aug 14 08:18

St. Louis alderman says police pulled him out of car at Ferguson protest

The local business leaders have had it with the cops!

FERGUSON • St. Louis Alderman Antonio French emerged Thursday morning from a night in jail after his arrest at the Ferguson protests to say that the police officers' "heavy-handed" approach on the streets is making the situation worse.Business, civic leaders decry unrest in Ferguson

St. Louis business leaders are denouncing violence and police actions in Ferguson following the fatal shooting of 18-year-old Michael Brown last Saturday.

Chris Sommers, owner of the Pi Pizzeria chain in St. Louis, also has been active on social media throughout the week, mostly retweeting news accounts of the unfolding events in Ferguson on his Twitter account, @sommerscm, to his more than 800 followers. Sommers said the protests following Brown's death have been mishandled by authorities. “It's devastating to our town,”

Aug 14 07:10

Mississippi taxpayers could be on the hook for $69 million loan to KiOR

Biofuel manufacturer KiOR’s financial struggles might leave Mississippi holding the title to another failed green energy project.

According to the company’s quarterly report, KiOR, without additional financing, won’t be able to meet its financial obligations past Sept. 30.

Webmaster's Commentary: 

These green energy projects are often set up intentionally to fail, to convince the world they need to remain dependent on the oil and gas companies. But even though the projects fail and the losses are them dumped on the taxpayer, the cronies and donors who run the projects personally profit from them.

Aug 14 06:49

Why Do They Hate Us?

For ages have been trying to destroy us, but we stood firm and we fought back, proudly. They invaded, ruined, burned our lands, and they murdered the people of Russia, of China and of the entire part of the world, now called Latin America. They, of course, also murdered and destroyed tens or hundreds of millions of people in the Middle East, in Africa, Asia and Oceania.

When I say ‘they’, I mean the West, and once again I refuse to make any distinction between the old colonial devils, Europe, and the new ones that come from the same roots, the same ‘culture’, but kill under the shade of their relatively new flags.

They hate us because we bled and cried over our dead, but we never gave up the struggle.

Aug 14 06:24

14 Reasons Why The U.S. Economy’s Bubble Of False Prosperity May Be About To Burst

Did you know that a major event just happened in the financial markets that we have not seen since the financial crisis of 2008? If you rely on the mainstream media for your news, you probably didn’t even hear about it. Just prior to the last stock market crash, a massive amount of money was pulled out of junk bonds. Now it is happening again.

Aug 14 04:57

Job = Just Over Broke

If you are fortunate enough to have a job in America today, the phrase "just over broke" probably describes you. Yes, there are a handful of jobs that certainly pay very well, but most Americans that work for somebody else are just barely making it from month to month. More than half of all working Americans are living paycheck to paycheck, and more than half of all working Americans make less than $30,000 a year. Something has gone horribly wrong, and yet our leaders just keep telling us how wonderful our economy is.

Aug 14 04:49

Russia’s food embargo making EU squeal even louder

Austria is warning of catastrophic falling prices, and the Netherlands is saying losses could be triple initial estimates. A third of Lithuanian milk producers say they are facing problems.

The wholesale price of a kilogram of fruit or vegetables could halve due to excess supply, the Austrian newspaper Salzburger Nachrichten cites Rupert Gsols, a federal coordinator of the Austrian Union of Market Gardeners.

There is a bumper crop of European apples in 2014; around 12 million tons against the normal 10-11 million tons. About 370,000 tons are harvested in Poland.

The economic damage to the Netherlands from the Russian boycott could be triple the original estimate and reach €1.5 billion, Dutch News cites Hans de Boer, the chief of VNO-NCW Dutch employers' organization.

Aug 14 04:37

Cisco cutting 8% of workforce, or 6,000 jobs, in restructuring plan

Cisco Systems delivered quarterly earnings and revenue that surpassed analysts' expectations on Wednesday and posted a smaller-than-expected decline in sales during the quarter.

The technology company also said that it will cut some 6,000 jobs, or about 8 percent of its workforce.

Aug 13 18:41

The mammoth global “free trade” agreement you’ve never heard of

'It is astounding that at a time when we are still reeling from the devastating consequences of reckless financial deregulation, our governments are negotiating further deregulation of the financial sector, solely in the interests of large financial corporations.'

Here's what we know: Fifty countries, including the United States, the EU nations, Australia, Canada, Hong Kong, Japan, Switzerland, Taiwan, and Turkey, have been in TISA talks since 2012. The resulting agreement will set the terms for almost 70 percent of global trade in “services”: everything from banking and construction to telecom and tourism.

The public got its first glimpse of the treaty on June 19, when WikiLeaks published a draft of the agreement's chapter on financial services. It wasn't pretty.

READ FULL ARTICLE: http://inthesetimes.com/article/17065/tisa_tpp_and_ttip

Aug 13 18:27

Cry for Argentina: Fiscal Mismanagement, Odious Debt or Pillage?

Ellen Brown
Activist Post

Argentina has now taken the US to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt. Better yet would be a sustainable global monetary scheme that avoids the need for sovereign bankruptcy.

Argentina was the richest country in Latin America before decades of neoliberal and IMF-imposed economic policies drowned it in debt. A severe crisis in 2001 plunged it into the largest sovereign debt default in history. In 2005, it renegotiated its debt with most of its creditors at a 70% “haircut.” But the opportunist “vulture funds,” which had bought Argentine debt at distressed prices, held out for 100 cents on the dollar...

Aug 13 18:21

Financial meltdown threatened by bankruptcy of any Wall Street bank

The US Federal Deposit Insurance Corporation (FDIC), in conjunction with the Federal Reserve, announced last week that the major banks had failed to demonstrate that their bankruptcy would not precipitate an all-out financial crisis.

Aug 13 17:12

HSBC cancels account of carpet shop after after it purchases 3 carpets from Iranian businessman

(and it didn't help that the name of the carpet shop was Persian Carpet Studio)

After writing to his MP, Tim Yeo, he received a letter from the Treasury which confirmed the shop was 'perfectly in order to sell Persian carpets'.

He added: 'It said we never ever tried to send any money to Iran. We are not breaking any sanctions. The business was perfectly legitimate.'

He has accused the bank of being frightened of a US treasury department who are handing fines to banks linked to sanction- breaking or money laundering activities.

He went on: 'All our banks are so frightened of what the US Treasury department is doing to them, that they are running around like headless chickens and closing down anything to do with Iranian connections.

'Our Government is not doing anything to protect our banking industry. I think the US Treasury is trying to decimate the UK banking industry for their own gain.'

Aug 13 16:03

14 Reasons Why The U.S. Economy’s Bubble Of False Prosperity May Be About To Burst

Did you know that a major event just happened in the financial markets that we have not seen since the financial crisis of 2008? If you rely on the mainstream media for your news, you probably didn't even hear about it. Just prior to the last stock market crash, a massive amount of money was pulled out of junk bonds. Now it is happening again.

Aug 13 15:36

14 Reasons Why The U.S. Economy’s Bubble Of False Prosperity May Be About To Burst

Did you know that a major event just happened in the financial markets that we have not seen since the financial crisis of 2008? If you rely on the mainstream media for your news, you probably didn't even hear about it. Just prior to the last stock market crash, a massive amount of money was pulled out of junk bonds. Now it is happening again. In fact, as you will read about below, the market for high yield bonds just experienced "a 6-sigma event". But this is not the only indication that the U.S. economy could be on the verge of very hard times. Retail sales are extremely disappointing, mortgage applications are at a 14 year low and growing geopolitical storms around the world have investors spooked. For a long time now, we have been enjoying a period of relative economic stability even though our underlying economic fundamentals continue to get even worse. Unfortunately, there are now a bunch of signs that this period of relative stability is about to end.

Aug 13 15:33

Financial meltdown threatened by bankruptcy of any Wall Street bank

The US Federal Deposit Insurance Corporation (FDIC), in conjunction with the Federal Reserve, announced last week that the major banks had failed to demonstrate that their bankruptcy would not precipitate an all-out financial crisis.

Under the 2010 Dodd-Frank financial regulatory overhaul, some 130 banks are required to submit so-called “living wills.” These are supposed to document how a bank, in case of bankruptcy, would prevent financial contagion to other banks and a broader financial crisis.

Aug 13 15:27

Russia Sanctions Blowback: Finland's Largest Dairy Lays Off 800, Spain Seeks EU Aid, Poland Complains To WTO

Well that didn't take long. Mere day after Russia announced its ban on Western nation food imports, European countries are scrambling (as we explained why here). Greece has already expressed dismay, but now Spanish officials will meet with EU leaders to discuss offsetting the country’s estimated up to $800 million in food and agriculture losses due to sanctions. Poland is pissed and has complained to the WTO claiming "Russia has broken international law in both its embargo;" and Finland's largest dairy producer has announced 800 layoffs due to the sanctions. When does Europe tell Washington - enough!

Aug 13 15:05

Turkey eyes long-term trade ties with Russia

Turkey is seeking to engage in a long-term trade alliance with Russia after Moscow’s ban on imported Western foods, Turkish Agriculture Minister Mehdi Eker has said.

Saying Turkey has emerged as an alternative to procure banned food products, the minister announced a Russian delegation arrived yesterday in Ankara to hold talks with Turkish authorities to discuss potential trade deals.

Aug 13 13:57

The Flow of Gold and Oil

Aug 13 13:28

The Bond Market: Sending a Signal About Risk

Aug 13 12:48

Eurozone woes deepen as Spain's industry slumps

Hopes for a recovery in the eurozone suffered another blow on Wednesday with figures showing industrial output fell for a second successive month.

Production declined across the 18 eurozone members by an average 0.3%, with a return to growth in France and Italy offset by falls in Ireland and the Netherlands and slow progress in Germany, which struggled to 0.2% growth.

Spain was the worst hit of the currency bloc's major economies with a 0.8% drop in industrial production. It also suffered the sharpest drop in shop prices for five years, undermining Madrid's claim that a rebound in employment last month was a clear indication of the country's return to sustained growth. Spanish consumers have proved reluctant to spend on the high street while unemployment remains at around 25%, forcing shops to offer bigger discounts in July than June.

Aug 13 12:32

Black Swans on Final Approach

There are several potential disasters that could disrupt the financial and political status quo, much like what happened after an Archduke was shot 100 years ago.

Aug 13 12:05

BRICS are drifting away from US and European monetary structures

The BRICS countries (Brazil (EWZ), Russia, India (EPI), China (FXI), and South Africa) are slowly but surely drifting away from the 20th Century monetary and political structures setup by the U.S. (SPY) and Europe (EZU), as characterized by Russia’s G8 membership being revoked in the wake of the events in Crimea. The G7, as it is now known, is at odds with Russia’s Vladimir Putin, but that rift applies to the entire BRICS coalition — a group that seems to be growing stronger and more focused as leader of the Emerging Markets.

Aug 13 11:25

Bears Come Roaring Back

Aug 13 10:36

Largest corporate bonds issued in 2014:

Aug 13 10:25

Ontario women sue Ottawa over compliance with new U.S. banking law

Canada has violated the charter rights of nearly a million Canadians by agreeing to share their financial details with authorities in the United States, two Ontario women allege in a new lawsuit.

Gwen Deegan of Toronto and Ginny Hillis of Windsor, Ont., have launched a claim against the Attorney General of Canada.

Webmaster's Commentary: 

Harper has opened Canada's doors to the IRS!!

Aug 13 10:02

These guys used to issue the world’s reserve currency too

It’s common for the world’s most powerful country to issue a currency that becomes adopted around the world as the standard for international trade.

But whenever that country reaches a point of epic, terminal decline, and especially when it rapidly debases its currency, the rest of the world seeks an alternative.

The US has been enjoying this special privilege for decades now.

The US dollar is the most widely used currency in the world for international trade. Central banks and sovereign governments around the world hold trillions of US dollars.

And while these changes never happen overnight, it’s clear that the dollar is quickly losing this status.

The French Finance Minister recently called for a ‘rebalancing’ of currencies in global trade settlement. The British, French, Canadians, and Swiss are all on board with this trend.

Aug 13 09:24

CDS Return Renews Derivative Risk Concerns

They are doing it again!!!

Aug 13 09:23

Confidence in German economy falters as Russia sanctions take their toll

Economists fear eurozone recovery may be derailed after German ZEW indicator plunges to 20-month low

Aug 13 08:40

Only 36% of Americans Under 35 Own a Home

Aug 13 08:34

Left to rot: Detroit’s 40,000 abandoned and empty buildings awaiting demolition as decaying city nears bankruptcy

These eerie pictures shows some of the nearly 40,000 abandoned or empty buildings in Detroit, as they wait to be either demolished or renovated as the city nears the completion of its bankruptcy proceedings.

Thousands of shops, homes and offices sit empty and rotting on Detroit's streets, as well as two beautiful former synagogues - one of which had become a theatre.

Many of the dilapidated buildings are now covered with graffiti, while others are boarded up, with the sad signs of once bustling local stores fading in the sun.

Webmaster's Commentary: 

Any time anyone points to the soaring stock market as proof the economy is fine, show them these pictures.

Aug 13 06:56

Japanese GDP Plunges 6.8% As Consumer Spending Collapses By Most On Record

Compared to the 3.6% drop in GDP when Japan last hiked its consumption tax in 1997, today's Q2 GDP collapse of 6.8% annualized is an utter disaster (even if it is slightly better than the expected -7.0% expectations thanks to a surge in the deflator). Inventory additions added 1.0% growth. Consumer Spending collapsed 5.2% QoQ - the most on record.

Aug 13 06:56

L.A. Faces $15 Billion Bill as Pipes Spring Leaks: Cities

Los Angeles is showing its age, and city officials don’t have plans for financing the facelift.

From buckling sidewalks to potholed thoroughfares to storm drains that can’t handle a little rain, the infrastructure that holds the second-largest U.S. city together is suffering from years of deferred maintenance. Bringing pipes that deliver water to 3.9 million people up to snuff could cost $4 billion -- more than half the city’s annual operating budget. The bill for repaving streets will be almost that much, according to estimates from a city consultant, and patching or replacing cracked sidewalks will require $640 million.

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