ECONOMY

Aug 27 12:58

Do not use Safety Deposit Boxes

According to in-house memos now circulating, the DHS has issued orders to banks across America which announce to them that “under the Patriot Act” the DHS has the absolute right to seize, without any warrant whatsoever, any and all customer bank accounts, to make “periodic and unannounced” visits to any bank to open and inspect the contents of “selected safe deposit boxes.”

Further, the DHS “shall, at the discretion of the agent supervising the search, remove, photograph or seize as evidence” any of the following items “bar gold, gold coins, firearms of any kind unless manufactured prior to 1878, documents such as passports or foreign bank account records, pornography or any material that, in the opinion of the agent, shall be deemed of to be of a contraband nature.”

Aug 27 09:33

US Surveillance Flights A Step Toward Expanding War Into Syria

Officials confirmed the move toward surveillance flights over ISIS targets in Syria, leaving somewhat open the question of when the US is going to start launching airstrikes against targets inside Syria, expanding the Iraq War across the border.

Yet it’s not really a question of if, but when, as the surveillance flights are clearly the first step toward such attacks. The primary question is how to start launching such attacks without Syrian coordination, since officials want to avoid the appearance of cooperating with Syria.

The questions abound about expanding the war into Syria and are mostly unanswered, with Gen. Dempsey pushing the attacks, and the US already giving targeting intel to Syria’s government for the ISIS war.

Webmaster's Commentary: 

The real reason the US government is going into Syria, and back into Iraq, is that with ISIS controlling so much of the oil (at 2 to 3 million dollars of revenue per day), the oil is not being sold in US dollars, but other denominations.

This is about wrestling back economic control of the oil, and the currency in which is is sold.

Aug 27 09:07

Russia’s Gazprom Neft to Sell Oil for Rubles, Yuan

The Russian oil company Gazprom Neft has agreed to export 80,000 tons of oil from Novoportovskoye field in the Arctic; it will accept payment in rubles, and will also deliver oil via the Eastern Siberia-Pacific Ocean pipeline (ESPO), accepting payment in Chinese yuan for the transfers, the Russian business daily Kommersant reported Wednesday.

The Russian government and several of the country’s largest exporters have widely discussed the possibility of accepting payments in rubles for oil exports.

Last week, Russia began to ship oil from the Novoportovskoye field to Europe by sea. Two oil tankers are expected to arrive in Europe in September. According to Kommersant, the payment for these shipments will be received in rubles.

Gazprom Neft will not only accept payments in rubles; subsequent transfers via the ESPO may be paid for in yuan, the newspaper reported.

According to the newspaper, the change in currency was made because of the Western sanctions against Russia.

Webmaster's Commentary: 

And please note that the US dollar has been neatly expunged from any of these transactions!!

Aug 27 08:46

Western sanctions push Russia, China closer; hurt dollar

y forcing Russia to conduct more business in the yuan and other Asian currencies, the U.S. may be speeding up the end of the petrodollar and giving China more prominence on the world stage.

As the West tightens financial sanctions against Russia over the conflict in Ukraine, Russian businesses are reducing their exposure to the dollar to minimize the damage from still tougher punishments. Many of these businesses have turned to the Hong Kong dollar as an alternative to the greenback.

Russian mobile phone carrier MegaFon said it will convert 40% of its dollar- and euro-denominated cash reserves into Hong Kong dollars.

Major nonferrous metal producer Norilsk Nickel has also decided to shift its U.S. dollar funds into the Hong Kong dollar.

Webmaster's Commentary: 

It has become painfully obvious that a major, mandatory prerequisite for working for this Administration is the pathological inability to think things through to their logical conclusion.

I am having an industrial strength, palm to forehead moment, at velocity, upon reading this!!

Aug 27 08:41

Ten more countries that may default on debt after Argentina

Argentina defaulted for the second time in 12 years after hopes for a midnight deal with holdout creditors were dashed, setting up stock and bond prices for declines on Thursday and raising chances a recession could worsen this year.

After a long legal battle with hedge funds that rejected Argentina’s debt restructuring following its 2002 default, Latin America’s third-biggest economy failed to strike a deal in time to meet a midnight deadline for a coupon payment on exchange bonds.

Even a short default will raise companies’ borrowing costs, pile more pressure on the peso, drain dwindling foreign reserves and fuel one of the world’s highest inflation rates.

However, Argentina is not the only country that has struggled to pay its debt recently. There are 10 other countries currently on Moody’s lists with a rating of Caa1 or worse, meaning they are at risk of default.

Webmaster's Commentary: 

IT is amazing that the United States is not on this list, as the economy is very shaky, no matter how the stock market looks right now, and the value of the US dollar is under siege through consistent "qualitative easing" by the Fed.

Aug 27 06:59

Will Republicans Block Action On Corporations Abandoning The U.S.?

There is legislation before Congress to do something about corporations renouncing their US "citizenship." The odds are that Republicans will block it -- and not just because they have obstructed everything else.

There is a wave of news about corporations using a technicality called an "inversion" to renounce their US "citizenship." An inversion is when a US company buys or merges with a non-US company, and then pretends it is no longer a US company. Today it's Burger King. Not long ago it was Walgreens.

Keep Same Executives, Employees, Facilities And Customers

Aug 27 06:56

European Parliament Fails to Calculate Impact of Sanctions Prior to Implementation

The European Parliament did not conduct any of its own official studies on the impact of its sanctions against Russia prior to their implementation or to this day, said Director-General of the European Parliamentary Research Service (EPRS) Anthony Teasdale and Secretary-General of the European Parliament (EP) Klaus Welle on Tuesday.

“On sanctions, no we have not, in the European Parliament Research Service, done any analysis on the financial implications,” said Teasdale in response to a question from RIA Novosti at a Wilson Center event on EU economic integration.

He said there had been no requests from parliamentary committees, noting that “the committees have not been meeting for the last three or four months, because we’ve been having European elections.”

Aug 27 06:41

IMF chief Christine Lagarde under investigation in France

Christine Lagarde, the chief of the International Monetary Fund, was placed under official investigation Wednesday for negligence in a French corruption probe that dates back to her days as France’s finance minister.

In a statement after a fourth round of questioning before magistrates, Lagarde said she would return to her work in Washington later in the day and said the decision was “without basis.”

She and her former chief of staff face questions about their role in a 400 million-euro ($531 million) payment to a businessman.

Aug 26 10:29

Detroit to send crews for water service shutoff today as moratorium ends

Detroit says the last of a series of "water fairs" has helped at least 1,300 residents avoid having their taps run dry as a shutoff moratorium ends.

Monday marked the end of the water shutoff moratorium, and the Detroit Water and Sewerage Department was expected to send crews out Tuesday to turn off service to customers who owe money and haven't made a payment arrangement.

Webmaster's Commentary: 

US aid to Israel; at least three billion a year!

US aid to Detroit; ZERO, ZIP, NADA!

Aug 26 08:51

What economic recovery?

Would you stand in line, for hours, in 91°F temp under the scorching sun, for a box of free food?

More than a thousand people in Miami did just that on Friday, Aug. 22.

Aug 26 08:46

Russia to Protect National Interests if West Imposes New Sanctions – Lavrov

Russia will do everything possible to protect its legitimate interests and national security if the West decides on new sanctions, but prefers to stay away from the “road of escalation”, Russian Foreign Minister Sergei Lavrov said.

Webmaster's Commentary: 

"Escalation is what we DO!" -- Official White Horse Souse

Aug 26 08:37

Colonization by Bankruptcy: The High-stakes Chess Match for Argentina

Argentina is playing hardball with the vulture funds, which have been trying to force it into an involuntary bankruptcy. The vultures are demanding what amounts to a 600% return on bonds bought for pennies on the dollar, defeating a 2005 settlement in which 92% of creditors agreed to accept a 70% haircut on their bonds. A US court has backed the vulture funds; but last week, Argentina sidestepped its jurisdiction by transferring the trustee for payment from Bank of New York Mellon to its own central bank. That play, if approved by the Argentine Congress, will allow the country to continue making payments under its 2005 settlement, avoiding default on the majority of its bonds.

Aug 26 08:36

Outrage as Burger King eyes move to Canada over taxes

What Burger King is trying to do here is called " corporate inversion". This means a U.S. Corporation buys a foreign company and relocates its headquarters to their country and avoids the crippling Corporate tax rate in the U.S. It's 35% here while in the rest of the world it's about averaging 20% (Ireland is 15%). This saves billions of dollars in taxes for them.

Webmaster's Commentary: 

When you have a private central bank, debt always grows faster than the money with which to pay that debt, until the accumulated debt forces the government into higher taxation and lower spending on infrastructure needed to support business, until companies and individuals are left with no choice but to relocate to more attractive locations. Burger King is not the villain here. The villain is the US Government which 100 years ago sold the American people back into the slavery of the very same system of predatory banking we fought a revolution to break free of, and for that last 100 years refusing to do anything about it, even as the obvious danger signs flashed before their eyes.

Aug 26 08:25

Top general: Islamic State extremists will ‘soon’ pose a threat to the United States

The US military’s top general believes Islamic State extremists will “soon” pose a threat to America and Europe and that an international coalition will be needed to confront it, his spokesman said Monday.

US commanders are preparing possible “options” to counter IS jihadists both in Iraq as well as Syria, according to General Martin Dempsey’s spokesman, Colonel Ed Thomas.

Defense Secretary Chuck Hagel adopted a more strident tone last week at a Pentagon news conference, suggesting the IS militants presented a dire threat that surpassed the danger posed by the Al-Qaeda network.

But Pentagon officials insisted Hagel and Dempsey shared the same views on the IS.

Dempsey “believes that ISIS (Islamic State) is a regional threat that will soon become a threat to the United States and Europe,” Thomas said in a statement.

“He (Dempsey) believes that ISIS must be pressured both in Iraq and in Syria,” he added.

Webmaster's Commentary: 

A memo to Defense Secretary Hagel and General Dempsey: could you possibly telegraph anymore loudly that some elements in this country are gearing up for another false flag, upon which to justify yet more war against....whoever the next target is supposed to be, to prevent the collapse of the US dollar?

Gentlemen, I would strongly suggest to you that IF there is another false flag in this country, skeptical, war-weary Americans will have no stomach for it whatsoever.

Iraq has cratered; Afghanistan is cratering, and Libya has cratered, not to mention other military interventions we're not supposed to know about (like the humanitarian catastrophe in Yemen.)

And if such an even happens, it will demonstrate, incontrovertibly, that everything this country's military and security agencies have done to prevent it have been absolutely, thoroughly, useless and irrelevant!!

And that, gentlemen,is when the American people will wake up, and get angry.

Aug 26 08:07

5 Things You Learn About Rich People Working at a Nice Hotel

The rich and the famous live lives of unthinkable luxury in their gated homes far away from us commoners. But if you want to peer into their bizarre lives without the help of a telephoto lens, all you need to do is get a job at a fancy hotel. Cracked sat down with Taylor Crane, a man who worked in one such hotel and saw the dirty, sometimes literally shitty exploits of the One Percent firsthand. Here's what we learned ...

Aug 25 14:31

America Keeps People Poor On Purpose: A Timeline of Choices We've Made to Increase Inequality

How four decades of lobbying and legislation gave corporations dominion over our economy—and eroded the American middle class.

Webmaster's Commentary: 

"If they have no money, they can't fight back!" -- Official White Horse Souse

Aug 25 10:52

VIRTUAL 9-11: Will the US & Israel Hack The US Banking System Computers and Falsely Blame It On Iran (or Syria or Russia or China)?

So what it looks like is being planned, and pre-sold to the American people with all these stories about celebrities' personal information being hacked and made public (an activity that produces no profit for the hackers other than news headlines), and the "Syrian" (nudge nudge wink wink) hack of the AP Twitter feed that shocked the US stock market, is that the US Government will itself take down the US financial computers, and blame it on Iran /Russia/ China/Al Qaeda/Syria/Arabs and others to be named as convenient. This gets Wall Street and Washington DC off the hook, because now the financial melt-down is an act of war, rather than the result of decades of Wall Street crime and corruption and the predations of Private Central Banks. US banks have already been hit with cyber attacks, to set the stage.

Webmaster's Commentary: 

Reposted in light of Today's warming from Wall Street of an impending cyber-attack, along with the wag-the-ISIS from the corporate media.

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Aug 25 10:03

The Old World Order

The immediate and obvious point to make here is that readers should/must immediately become deeply suspicious any time we are bombarded with a label which contains the word “new”. Implicit in every such label (by definition) is the concept that “this time it’s different”, because if it wasn’t different it wouldn’t be “new”.

“This time it’s different” is a cliché in Western societies. But it’s not revered as an aphorism of wisdom. Rather, it is scorned as the mantra of idiots. This same point was made in a previous commentary which debunked and rejected the ludicrous propaganda euphemism: “The New Normal”. The same analysis applies to both propaganda lies.

Aug 24 07:49

Inflation Watch: Is The $5 Bill The New $1 Bill?

Events, food purchased away from home and live entertainment are increasingly unaffordable to the bottom 90%.

Aug 24 07:07

Looming Mining ‘Tsunami’ Set to Take Africa by Storm

Rapidly growing countries such as Russia, India, Brazil and China, as well as established, industrialized including Canada and Australia, have plowed billions into mining developments in Africa in recent years. In 2009 China alone invested more than $100 billion each year in mineral extraction, a four-fold increase since the turn of the century. According to data from Global Forest Watch, between 2001 and 2013 alone the DRC lost more than 5.8 million hectares of forest – a swath of land larger than the Netherlands.

The study’s authors point out the enormous opportunity afforded by this influx of cash. Mines can provide much-needed employment, and accompanying infrastructure development in the form of roads and rail lines could help connect farmers to markets, incentivizing increased agricultural yields and encouraging higher incomes through participation in national and regional economies.

Aug 23 10:08

Sears may close more stores as it posts 9th consecutive quarterly loss

Sears Holdings said Thursday its loss widened significantly in the second quarter and announced it may close more stores, in addition to the 130 closings underway this year.

Aug 22 09:39

Bullard Sees ’Several Hundred Billion’ of Reverse Repos

The central bank has been testing overnight reverse repos with a limited set of counterparties, mostly money funds, as a tool to set a floor under short-term interest rates when it begins guiding those rates higher, an event Fed officials forecast to occur in 2015.

Webmaster's Commentary: 

TRANSLATION: "If we shuffle the money back and forth fast enough, people won't notice the pyramid is collapsing!

Aug 22 08:22

Obama Considering Granting 800K Guest-Worker Visas as 90% Believe American Workers Should Be Favored

After meeting with a "bevy" of big-business groups, President Barack Obama is reportedly considering granting them up to 800,000 additional guest-worker visas via executive actions.

Aug 22 07:55

The New World Order Feudal Enslavement System

From times immemorial, the top down authority imposition has been the rule. This system of control is the reason why excrement discharge flows downhill. The feudal model works well for the lords who sit atop the pyramid. Essentially the New World Order is the supreme evolution of the subjugation of the serf class. In spite of this fact, what keeps this inequitable delineation between the dominant and the spineless? Pure power and malicious behavior achieves the perfection of perdition, in this hierarchal slave gulag. Because it can be done and no force can stop the captivity is the cause of the suffering.

Aug 22 06:53

The Libertarian Moment in Ferguson

Just two weeks ago, The New York Times Magazine had the temerity to ask, “Has the Libertarian Moment Finally Arrived?” Among the evidence that America is becoming more socially tolerant, fiscally responsible, and interested in shaking things up: rapid increases in the acceptance of gay marriage, pot legalization, and other forms of self-expression; wariness toward our bipartisan interventionist foreign policy; widespread outrage at governmental invasions of privacy; continued antipathy toward Obamacare and declining approval ratings of Congress; and a general lack of belief that spending more money is going to fix the country anytime soon.

Aug 22 06:34

Central Banking at Jackson Hole: Simplistic Dialectic, Significant Ramifications

Like Reuters, Bloomberg is a creature of the establishment and you can read Bloomberg editorials (especially) to garner an inkling about how we ought to be perceiving one of the most important dominant social themes of all: Central banking and the endlessly discussed deployment of its monetary arsenal.

In this case, as before – and as we have maintained – central bankers meeting this weekend at Jackson Hole will palaver earnestly but come up with reasons why monetary policy and interest rates should remain fairly "unchanged."

Webmaster's Commentary: 

Allowing bankers to control the nation's economy makes as much sense as allowing drug addicts to control the nation's pharmacies! Inevitably, all the ills of the nation end up being treated with placebos.

Aug 22 06:27

The American Dream - FULL VERSION - HD

Aug 21 18:29

DOJ Allows Bank of America to Deduct $12 Billion of $17 Billion Settlement

Bank of America will pay roughly $4 billion less to the government after-tax than the $16.65 billion it agreed to in a settlement over soured mortgage securities, because parts of the settlement will be tax deductible, the bank said Thursday.

Aug 21 14:47

Iceland homeowners get welcome boost

Iceland says it has launched a debt cancellation initiative for mortgage holders which is likely to benefit half the households in the country.

Each debt could see as much as 26,000 euros knocked off the total due. On Sunday, the country’s tax authorities launched the leidretting.is website, where homeowners can file their application. Some 5,000 people registered in the opening two hours, said one of the site’s technical managers.

Aug 21 12:48

Profit Down 62% For Another Major US Retailer

Sales at U.S. mass merchandisers such as Target and Wal-Mart Stores Inc have been hit this year as consumers struggling with stagnant wages and high inflation reduce spending.

On top of that, Target has run up big losses in Canada, where its ambitious expansion has stumbled due to supply chain issues and a backlash from customers who had expected prices to be more in line with those in the United States.

Aug 21 12:46

The 35.4 Percent: 109,631,000 On Welfare

109,631,000 Americans lived in households that received benefits from one or more federally funded “means-tested programs” — also known as welfare — as of the fourth quarter of 2012, according to data released Tuesday by the Census Bureau.

Webmaster's Commentary: 

That is the 35% who can be counted on not to criticize the government! Which is the whole point of forcing them into dependency in the first place.

This is how economic tyranny works. The government takes all your money, then offers to give you back a tiny fraction of it as long as you do what the government tells you to do!

Aug 21 12:42

Russia To Surpass Australia As World No 2 Gold Producer

Yesterday, we reported on China’s intent to become a global gold hub and key player in gold price discovery. Another important player in the gold market at the moment is Russia. Their intentions are more realistic and not as ambitious of those of China. However, Russia sees gold as a valuable monetary asset that will protect the ruble in the continuing currency wars.

This is why, Russia has been one of the largest buyers of gold in recent months (see chart) – largest sovereign buyer and one of the largest buyers in general. Although we do not know how much gold the People’s Bank of China is quietly accumulating.

Russia now looks set to become the world’s second largest producer of gold, after China and surpassing current world number two gold producer Australia.

Webmaster's Commentary: 

"INVADE! INVADE NOW! WE NEED TO SAVE THE FED! RUSSIA'S GOT ALL THE GOLD WE NEED!!!" -- Official White Horse Souse

Aug 21 10:35

Got weapons? Nude body scanners easily defeated

Researchers are delivering a paper at a security conference Thursday highlighting how easy it is to get weapons through the nude body scanners that have been removed from US airports but have been placed at other government installations across the globe.

The report, given at the Usenix Security Symposium in San Diego, highlights the insecurity of the Rapiscan Secure 1000 Single Pose "backscatter" scanner that once was used throughout the nation's airports but are now deployed at US prisons and courthouses, as well as airports in Africa. The paper, "Security Analysis of a Full-Body Scanner," from researchers at the University of California-San Diego, University of Michigan, and Johns Hopkins University, confirms what even laymen researchers had already discovered: hiding weapons on the side of one's body defeats the machine (PDF).

Webmaster's Commentary: 

This whole TSA thing is a huge money-making scam!

Aug 21 08:33

Florida Couple Wins Fight For Front Yard Vegetable Garden!

In this video Luke Rudkowksi of WeAreChange speaks with Jason and Jennifer Helvenston, gardeners who were targeted by the state. Are Americans losing their right to grow their own food peacefully on private property?

The U.S. and Florida constitutions protect property rights from arbitrary invasions. After taking the fight to the government and winning the city has withdrawn their demands to tear up a beautiful garden. These peaceful vegetable farmers are sharing their knowledge with others, for more information visit patriot-gardens.com

Aug 21 08:15

Warren Buffett And The Chinese Are Loading Up On Hard Assets

In the last several years, Warren Buffett went out and bought the Burlington Northern and Santa Fe Railroad. He didn’t just buy some stock, he bought the whole thing, took it private...A railroad is nothing but hard assets. It’s right of way, mining rights adjacent to the right of way, rail, rolling stock, yards, switches, signals, buildings, it’s all hard assets. How does the railroad make money? It makes money by moving hard assets so coal, wheat, corn, steel, other kinds of freight, etc. So, railroad is the ultimate, its hard assets moving hard assets. It’s the ultimate hard asset play. Warren Buffett’s next deal was to go out and buy massive natural resources in oil and natural gas. And by the way, he can move his oil on his railroad. He doesn’t need the Keystone Pipeline. You line up a hundred tanker cars, that’s a pipeline on wheels...

Aug 21 06:25

Target reports 62% drop in earnings, cuts profit forecast

Its net income also plunged nearly 62% to $234 million, or 37 cents a share. That's compared with $611 million, or 95 cents a share, a year earlier.

Webmaster's Commentary: 

The blame gets dropped on the data breach and those gosh darned Canadians, but the reality is that people in America don't have any more money to go to the stores with. When you have a system that forces people to move from high paying jobs to low paying jobs, people buy less, and that is a fact nobody in the financial sector wants to face up to!

Aug 20 15:19

Whistleblower: Fed “Highly Alarmed” About Bitcoin Conquering Dollar System

A whistleblower who was employed as a briefing researcher at the Federal Reserve has revealed that Fed governors were “highly alarmed” by a major internal report which revealed that Bitcoin would likely supercede the dollar system within the next 12 years.

Aug 20 12:14

States Of Depression: Employment Rates in Most States Still Lag 2007 Levels (NO States Improved In Employment Rates For 25-54 Year Olds)

It is difficult to have a surge in homeownership for the 25-54 year old bracket when not a single state in the US has shown improvement in employment rates since 2007.

Aug 20 11:19

Getting gouged by geeks

Webmaster's Commentary: 

I ... can ... identify...

Aug 20 10:17

CNN Anchor Suggests Police Use Water Cannons On Ferguson Protesters

In discussing seemingly less-violent options for crowd control, Rosemary Church wonders why the largely white authorities in Ferguson haven't considered using water cannons on the the largely black crowds. Once her co-anchor Errol Barnett processed what she just said, he looks at her like she's gone insane.

Webmaster's Commentary: 

All I can think of is the song line, "Don't know much about history..."

And it is very obvious that Ms. Church is blissfully unaware of the the civil rights movement and struggle in this country in the 60s, when peaceful African-Americans protestors got routinely hit with water cannon attacks so hard, they literally fell to the ground.

As reported at wikipedia.com:

As the jails and holding areas filled with arrested students, the Birmingham Police Department, led by Eugene "Bull" Connor, used high-pressure water jets and police attack dogs on the children and bystanders.

But when you look at this corporate presstitute, whose job it is not to report the news, or do any due-dilligence fact-checking, but to skew the news in any direction the Federal government wants it to be skewed, what she said was both completely logical, and throughly, outrageously stupid and insensitive at the same time.

The Corporatocracy has spoken: either stop protesting, or such protest will be brutally repressed.

But I think the real reason Furgeson has been so over-run with reporters, etc., after this horrifically tragic incident of the shooting of Michael Brown, is to look at creating a national wave of protest which would give Obama the excuse for suspending the Constitution and Bill of Rights nationally, and invoking martial law. Or at the very least, creating a racial issue for the Democrats to ride into the November elections.

Who know, perhaps, even postponing the mid-terms in November indefinitely?!?

As an observer of the geopolitical scene for some time now, I do not have the luxury...of believing in "coincidences".

Aug 20 08:50

City of Des Moines Begins Homeless Camp Evictions

The City of Des Moines said it gave about 50 homeless people living in camps along the river fair warning. On Monday, city crews went from site to site making sure the campers had packed up and moved.

“Today they’re going to come down and take everybody’s stuff and throw it in the dump,” said Don Welch.

Welch was kicked out of a camp site under the George Washington Carver Bridge.

The city brought in a garbage truck and end loader to remove the trash and belongings left behind. Crews are targeting about a dozen remote campsites along the Des Moines and Raccoon Rivers. Officials said most of the campers had already left on their own. Police were on hand to deal with any problems with the few who remained.

“If you don’t leave, they’re going to put you in jail,” warned Welch.

Webmaster's Commentary: 

Phil Delafield, I call grade-A, bovine excrement on that last statement of yours.

and what about Don Welch's warning that if these people don't move, they will be jailed?!?

If this is not the criminalization of homelessness, I don't know what the hell is.

That these people only have the choice between moving out of sight, or jail, says a lot about the current moral, and fiscal, state of Des Moines; and I can tell you, neither perspective is very pretty right now.

Aug 20 08:29

Does THIS Explain the “Snipers” Shadowing the Occupy Protests?

Was the Government Prepared to Deploy Snipers If the Occupy Protests Gained Momentum?

TruthDig reported last year:

“Did the FBI ignore, or even abet, a plot to assassinate Occupy Houston leaders?” asks investigative reporter Dave Lindorff at WhoWhatWhy. “What did the Feds know? Whom did they warn? And what did the Houston Police know?”

A Freedom of Information Act request filed by the Washington, D.C.-based Partnership for Civil Justice Fund yielded an FBI document containing knowledge of a plot by an unnamed group or individual to kill “leaders” of the Houston chapter of the nonviolent Occupy Wall Street movement.

Here’s what the document said, according to WhoWhatWhy:

Webmaster's Commentary: 

Apparently, the policy of extrajudicial assassinations has been very much alive and well in this country for quite some time.

Aug 20 08:28

Is Portugal Next in Line for Wealth Confiscation?

The pattern should be seared in your memory by now. If you fail to recognize it, you could be struck with a huge financial blow.

It’s a pattern that has played out over and over throughout history: a government gets into financial trouble, then denies there’s a problem, which is followed by a surprise wealth grab.

That’s exactly what happened when bank deposits in Spain and Cyprus were raided. We’ve also seen retirement savings confiscated in some form in Poland, Portugal, and Hungary. Capital controls have been imposed in Cyprus and Iceland.

Of course these aren’t the only examples of blatant government thievery. These examples are just within Europe and just within recent years. They can and will happen anywhere.

Aug 20 08:24

EU Advisors Advocate use of Military Against Strikes and Protests

Experts at a European Union (EU) think-tank are demanding that the EU prepare to put down strikes and protests with military force. Due to the deepening social inequality in a globalised economy and growing military conflicts within the EU’s borders, such outbursts will inevitably increase.

In the study by the European Union Institute for Security Studies, the authors bluntly state that in the face of these developments, the army will have to be used increasingly for policing duties to protect the rich from the anger of the poor.

The book appeared a year after the near-collapse of the global financial system in 2008, entitled “Perspectives for European Defence 2020.” It makes clear that academics and politicians are very aware of the revolutionary implications of the crisis. They are working through scenarios that would allow the opposition of the vast majority of the population to social attacks to be suppressed.

Webmaster's Commentary: 

Absoflippinglutely unbelievable; looks as though Europe is rapidly turning fascist also.

Aug 20 07:58

The poor get poorer: Low-wage jobs still dominate

Not so long ago, Russ Holton was married, making a six-figure income and looking at a promising career ahead.

Now, seven years later, he's divorced, interviewing for $12-an-hour jobs and trying to further his education and stay afloat in a jobs market that is creating in excess of 200,000 positions a month but few that provide an opportunity to live the life to which he had become accustomed.

"I'm not finding what I'm looking for," Holton, a 45-year-old resident of Mason, Ohio, said during a phone interview that provided a break during a day of job hunting. "I just interviewed for a job that pays $12 an hour. I felt really stupid. For 12 bucks an hour, that's not right.... It's a different world right now."

Aug 20 06:53

Uh-oh: Stock buybacks are on the decline

One of the problems with buybacks is that you have to run faster and faster just to stay in one place. If share prices rise, you have to spend more just to buy in the same number of shares. And to some extent it just becomes a matter of robbing Peter to pay Paul: You borrow money in the bond market to buy back some of your shares on the stock market. Meanwhile your stockholders, in an effort to reduce the “risks” of their portfolio as they near retirement, sell you some of their stocks and use the money…to, er, buy your new bonds.

But don’t worry about that. As Chuck Prince once said, so long as the music keeps playing, you gotta keep dancing.

Aug 19 13:32

This Map Shows Why The F-35 Has Turned Into A Trillion-Dollar Fiasco

The Pentagon has stuck with the F-35 Lightning Joint Strike Fighter program despite dozens of technical problems and delays, strategic concerns, and massive cost overruns that have nearly doubled the initial cost estimate, raising the cost of building the planes to around $400 billion with a lifetime cost of up to $1.5 trillion.

One reason why the project has become such a boondoggle is that many states and countries are significantly invested in the plane, relying on its production for income and jobs.

Every U.S. state but Alaska, Hawaii, Nebraska, and Wyoming has economic ties to the F-35, with 18 states counting on the project for $100 million or more in economic activity, according to primary contractor Lockheed Martin. All told, the project is supposedly responsible for 32,500 jobs in the U.S. Globally, another nine countries have major ties to the F-35.

Webmaster's Commentary: 

Creating 32,000 jobs is good, but how about if those jobs actually produce something useful to the nation? 1 trillion divided by 32,000 jobs comes to over 31 MILLION dollars spent for each job created!

Aug 19 08:07

The US Gold in Fort Knox is Secure, Gone, or Irrelevant

In 1950 the US owned about 20,000 metric tons of gold – approximately 640,000,000 troy ounces. By August 15, 1971 when President Nixon “temporarily” closed the “gold window” that hoard had decreased to about 8,100 tons (Fort Knox, the NY Fed, and other locations). The US government had been overspending, exporting dollars oversees, and other governments had “cashed in” those dollars for gold. At that rate of decrease, the US gold hoard would have been entirely dissipated by now. Perhaps it is gone!

President Nixon had a choice – default on the US promise to redeem dollars with gold, or reduce spending. Like any prominent politician he chose to continue spending and to blame the problem on someone else – the “international money speculators” but it might as well have been the Russians, Democrats, the French, Communists, an ethnic group, or the weather – anyone but those responsible – The President, Congress, and the bankers.

Aug 19 07:39

36,000 Madoff Victims Have Not Received a Dime in Restitution; 1,129 Fully Reimbursed

On May 5, 2014, Irving Picard, the court-appointed trustee in charge of finding and distributing Madoff’s swindled funds to investors released this statement in a press release announcing the fourth interim distribution of funds to victims: “…1,129 accounts will be fully satisfied following the fourth interim distribution. All allowed claims totaling $925,000 or less will be fully satisfied after the distribution.”

Just eight days later, Richard Breeden, the Special Master that’s working on behalf of the U.S. Department of Justice to distribute a separate pool of funds to Madoff’s victims reported that more than 36,000 claimants have filed documents with his office indicating that they haven’t yet received a dime of restitution. Yes, 36,000 people from all over the globe.

Aug 18 10:12

Apple’s Cook Kicks Off ‘Made in USA’ Push With Mac Pro

Apple Inc. is taking orders today for the new Mac Pro personal computer, which is being built in Texas with components made domestically as part of Chief Executive Officer Tim Cook’s $100 million Made-in-the-USA push.

“We have begun manufacturing the Mac Pro in Austin,” Cook wrote in a posting yesterday on Twitter. “It’s the most powerful Mac ever.”

Webmaster's Commentary: 

Obviously, I hope this turns out to be a good product, and I am willing to accept one for testing and review! :)

Seriously, I would love to see the USA start to make quality products and I wish them success.

But...

Back when we were switching over to LED lights to get away from the toxic problems with the CFLs, I bought some of the Phillips LED lights, but mostly the CREE LED bulbs that are manufactured here in the US. So far, not a problem with the Philips lights. None. But we are seeing about a 30% failure rate for the CREE lamps over six months, including the glass globes simply falling off.

Aug 18 06:29

Americans’ optimism is dying

It is the very essence of the American Dream: an irrepressible confidence that our children will live better than we do.

And now it is gone.

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 09:37

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 08:05

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 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 11:45

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 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 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 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 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 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 08:47

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 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 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 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 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 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.

Aug 12 15:17

Economic damage from Russian boycott could be triple original estimate

The economic damage from the Russian boycott of Dutch food products could reach €1.5bn, Dutch employers' organisation VNO-NCW chief Hans de Boer said on Tuesday.

Last Thursday Russia announced a ban on the import of fruit, vegetables, meat, fish and dairy products from countries which support the sanctions imposed on the country by the EU and US.

Earlier calculations of the damage were €500m but De Boer said this is too optimistic. 'That calculation did not take into account the Dutch dealers who operate from eastern Europe,' he told broadcaster Nos.

Aug 12 13:44

Polish Ambassador’s #FreedomApples Appeal

Webmaster's Commentary: 

You should read the comments on this!

Mine is: This flood of produce into the US to save Europe will create a surplus, riving down prices. That will be good for the US consumer but will destroy our domestic producers of those same items, who will be unable to pay the mortgages on their farms and orchards, setting them up to have their properties foreclosed on by the bankers.

Aug 12 12:38

Mexico On The Verge Of Tying Its Currency To Silver

James DiGeorgia: Could we soon see a south-of-the-border silver standard?

According to a good number of precious metals dealers, brokers and silver mining interests, Mexico may be on the verge of tying its currency to silver.

Advocates making the case to tie the Mexican peso back to silver claim it will be the “silver bullet” that launches Mexico into one of the world’s economic superpowers and drive the price of silver through the roof. Mexico ranks as the 14th-largest economy in the world today.

Webmaster's Commentary: 

"What?!? After we took in all those losers and disease ridden kids for them? After we let their cartels sell their products in the US and they do THIS to us!!!! This means WAR!!!" -- Official White Horse Souse

Aug 12 10:20

France Looking at Supplying Iraqi Kurds With Arms

France, in consultation with its EU partners, is looking at supplying arms to Iraq’s Kurds to fight against Islamic State jihadists, Foreign Minister Laurent Fabius said Sunday.

“One way or another, they must receive, in a sure way, equipment that will allow them to defend themselves and to counterattack,” Fabius told France 2 television from Arbil, the capital of the autonomous Kurdistan region in northern Iraq.

“We will look into that over the coming days but in liaison with the Europeans,” he said from the city, which is not far from the IS frontline.

France and Britain have pledged support for a US-led operation helping Iraqi civilians — many of them from the Yazidi minority — who are fleeing a murderous advance by Islamic State (IS) militants

Webmaster's Commentary: 

Were I a Las Vegas bookie, I would not bet against this happening.

This is, after all, about the oil, and in what country's currencies this oil will be sold.

All of this RPT (responsibility to protect) talk, just as we heard when Gaddafi was overthrown in Libya, is just the same, grade-A bovine excrement as we were getting back then.

And I am having an industrial strength, palm-to-forhead moment, at velocity, upon reading this.

The motivation is not humanitarian; had it been, the US never, ever would have gone into Iraq in the first place. The motivation here is purely economic.

Would that SOMEONE in the US federal government had the male attributes to be telling the truth regarding this reinvasion of Iraq; but none do, so what we get is a complete lie for the real reason we are back in Iraq.

Aug 12 10:09

The De-industrialization of America

Paul Craig Roberts and US Senator Charles Schumer published a jointly written article on the op-ed page of the New York Times titled “Second Thoughts on Free Trade.” The article pointed out that the US had entered a new economic era in which American workers face “direct global competition at almost every job level–from the machinist to the software engineer to the Wall Street analyst. Any worker whose job does not require daily face-to-face interaction is now in jeopardy of being replaced by a lower-paid equally skilled worker thousands of miles away. American jobs are being lost not to competition from foreign companies, but to multinational corporations that are cutting costs by shifting operations to low-wage countries.” Roberts and Schumer challenged the correctness of economists’ views that jobs off-shoring was merely the operation of mutually beneficial free trade, about which no concerns were warranted.

Webmaster's Commentary: 

The continuous offshoring/outsourcing of American jobs is no accident.

And that is because the government no longer represents We the People, but only the corporations which fund their election cycles.

Americans have become irrelevant and and expendable to the ruling class, save for paying taxes, and obeying whatever dictates they decree with sheep-like, slavish precision.

No matter who we vote for or how frequently we participate in the process, the fix is already in; corporations get the governments they want which will be exclusively supportive of their interests, no matter if those interests are in direct contradiction to the needs and desires of working Americans.

Aug 12 08:40

Is China Hiding Their Tracks On Gold Imports?

But is China’s hunger for gold really falling down?

Let’s examine another chart which was created recently by gold analyst Koos Jansen from In Gold We Trust and released on BullionStar.

The chart shows that total imports to China in the first half of 2014 are already as high as total imports in 2013.

Moreover, official Chinese gold reserves have increased compared to a year ago.

Aug 11 18:01

Ukraine Considers Restricting Russian Gas Deliveries To Europe

Ukraine is planning to impose sanctions on Russia that might include an effort to starve its larger and richer neighbor of income by stopping the flow of Russian gas through Ukraine to customers in Western Europe.

Ukrainian Prime Minister Arseniy Yatsenyuk told reporters on Aug. 8 that his government is proposing sanctions against 172 citizens from Russia and other countries, as well as 65 Russian companies “for financing terrorism” by supporting the efforts of Russian separatists in eastern Ukraine.

Aug 11 14:32

Washington Threatens The World — Paul Craig Roberts

The consequence of Washington’s reckless and irresponsible political and military interventions in Iraq, Libya, and Syria has been to unleash evil. The various sects that lived in peace under the rule of Saddam Hussein, Gaddafi, and Assad are butchering one another, and a new group, ISIS, is in the process of creating a new state out of parts of Iraq and Syria.

The turmoil brought into the Middle East by the Bush and Obama regimes has meant death and displacement for millions and untold future deaths. As I write 40,000 Iraqis are stranded on a mountain top without water awaiting death at the hands of ISIS, a creation of US meddling.

Aug 11 10:12

SEC files securities fraud charges against state of Kansas over muni bonds and pension liabilities

Securities regulators have filed fraud charges against the state of Kansas Monday, alleging bond offering documents failed to disclose the risks to investors from the state's underfunded pension system.

Webmaster's Commentary: 

What a shame the SEC hadn't been doing its job back when the malt-down of the 2008 Mortgage-backed securities fraud defunded those pensions!

Aug 11 09:35

2,061 of Citigroup’s Subsidiaries Go Missing

Meet the new, slimmed down, less complex, more manageable Citigroup. Or not.

Figuring out what Citigroup owns and what it has sold is getting harder by the day as a vast number of its subsidiaries in the 160 countries in which it operates have up and vanished from its public filings but do not actually appear to have been sold in many cases.

Webmaster's Commentary: 

Shell corporations?

Aug 11 09:31

The Economic Blow... There Is Not Enough Gold To Absorb A Flight From A Currency As Big As The Dollar..

US Russia Nuclear War, Gold and Dollar, Failing Economy and Debt-Economist Dr. Paul Craig Roberts thinks the economy is running on borrowed time. Dr. Roberts says, “Whatever blows, it has to be something the government can’t rig. The only way it could stop means the government can no longer rig it. It is such a huge pile of cards that if they can’t keep it rigged, a lot is coming down in a hurry.” So, what’s going to be the trigger? Roberts thinks it will be when the world abandons the U.S. dollar. How long can the economy be propped up? Dr. Roberts says “It will continue as long as it is tolerated. When will it cease to be tolerated? I think it will be when there is a general flight from the dollar. . . Once the general mood changes, and not just by gold investors, and people cease to hold dollars, then this won’t work. It will fail, and at that time, it will be almost impossible to get into gold.

Aug 10 15:42

Poland asks US to buy apples banned by Russia

Poland has asked the US to purchase the country's apples after Moscow banned all food imports from the EU, the US, and other countries who imposed sanctions on Russia over the Ukraine crisis.

Prior to the full embargo on food exports from the West, Russia’s agricultural watchdog Rosselkhoznadzor banned the import of practically all fruits and vegetables from Poland, citing a breach of food safety standards.

"We are interested in a quick decision because the situation is extraordinary," said Poland's ambassador to Washington, Ryszard Schnepf, as quoted by Polish press agency PAP.

Webmaster's Commentary: 

The sudden surplus of former exports into Russia flooding the US markets will drive prices down, crushing US farmers. I am sure to the money junkies eager to foreclose on these farms, this is a small price to pay to protect the US dollar from the ruble.

Aug 10 15:00

Russian sanctions begin to bite in the Netherlands

The Russian sanctions imposed on Thursday against western countries are already beginning to bite in the Netherlands, Dutch media report on Friday.

The Financieele Dagblad reports that 300 trucks carrying vegetables and fruit have already been refused entry at the Russian border.

The effects are also being felt at the Zaltbommel trade auction where prices are already falling.

Aug 10 14:57

Video: Russia food ban a ‘nightmare’ for French farmers

French food trader Jean Selverro will lose €200 thousand a month because of Russia’s import bans on food from the European Union, announced this week. Normally, 90 percent of his apples and pears are exported to Russia.

Aug 10 08:05

ECB gets ready to pump cash into eurozone as fears rise over recovery

Mario Draghi says preparatory work in place for quantitative easing to combat deflation and economic stagnation

Webmaster's Commentary: 

And we have seen how well quantitative easing has worked here in the US!

Aug 10 08:05

The U.S. Airstrikes in Northern Iraq Are All About Oil

If the Obama administration wanted to prevent the world’s peoples from brutal dictators and repressive regimes or from takeovers by terrorist groups, there are other countries besides Libya and Iraq where it could intervene. What distinguishes these two countries is that they are major oil producers.

Aug 10 07:32

Money Market Account Freeze Passed by SEC

Webmaster's Commentary: 

In the event of "stress", you will not be allowed to withdraw your own money from money market accounts.

Aug 10 07:27

Leaked pictures from the inside bizarre party at the Rothschild family 1972

Webmaster's Commentary: 

Looks like the warn up to the party scene in "Eyes Wide Shut."

Aug 09 20:41

Imposing sanctions on Russia will result in economic heartache for Australia, former ambassador warns

A former Australian ambassador to Moscow and Ukraine says imposing sanctions on Russia will only result in economic heartache for Australia.

Aug 09 17:52

ExxonMobil, Rosneft start joint Arctic drilling in defiance of sanctions

US oil giant ExxonMobil and Russia’s Rosneft will continue joint exploitation of the Russian Arctic despite Western sanctions, the American company said as the two giants launched exploration drilling in the Kara Sea.

Aug 09 17:50

De-Dollarization Accelerates - China/Russia Complete Currency Swap Agreement

The last 3 months have seen Russia's "de-dollarization" plans accelerate. First Gazprom clients shift to Euros and Renminbi, then the UK signs currency swap agreements with China, then NATO ally Turkey cuts ties and mulls de-dollarization, Switzerland jumps in the currency swap agreements, and BRICS create their own non-US-based funding vehicle, and then finally this week, Russia's oligarchs have shifted cash holdings to Hong Kong. But this week, as RT reports, Russian and Chinese central banks have agreed a draft currency swap agreement, which will allow them to increase trade in domestic currencies and cut the dependence on the US dollar in bilateral payments. “"The agreement will stimulate further development of direct trade in yuan and rubles on the domestic foreign exchange markets of Russia and China," the Russian regulator said.

Aug 09 09:36

Bildt troubled by Russian food sanctions

Putin is aiming the sanctions at those who imposed sanctions against Russia, namely the 28 EU members, plus Norway, the US, Canada and Australia. The sanctions are against such food items as meat, fish, poultry, dairy, fruit and vegetables.

According to news agency Reuters, the food items Russia imported last year but which are now included in the sanctions amounted to about US$ 23.5 billion, of which about US $32 million came from Sweden.

Putin's decision surprised many because, according to the newspaper European Voice, almost 40 percent of Russia's food imports come from EU countries.

Aug 09 09:16

Stocks In Russian Food Companies Soar Amid Western Food Ban

Shares in some of Russian food producers have added almost 40 percent by midday on Friday. The surge comes a day after Moscow imposed a one-year ban on imports of food products from the West.

Aug 08 14:58

Malaysian Airlines stock trading suspended

Malaysia’s state investment company says it wants to remove struggling Malaysia Airlines from the stock exchange, the Associated Press reports, making it fully state-owned before overhauling its business.

Aug 08 11:24

FLASHBACK - The Tytler Cycle Revisited

"A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship."
“The average age of the world’s greatest civilizations from the beginning of history, has been about 200 years. During those 200 years, these nations always progressed through the following sequence:

From bondage to spiritual faith;
From spiritual faith to great courage;
From courage to liberty;
From liberty to abundance;
From abundance to complacency;
From complacency to apathy;
From apathy to dependence;
From dependence back into bondage

Aug 08 09:27

Gaza Strip: Boycott Israeli Products App Gets 350,000 Supporters

An app that allows users to search for a product linked to targeted companies or countries in order to boycott them has seen a significant surge in users signing up to anti-Israel campaigns.

Buycott catalogues brands and their affiliations and lets users set up campaigns to either help or avoid funding certain causes. By scanning a product's barcode with their smartphone camera, consumers are able to determine which brands are associated with which campaigns.

Aug 08 09:26

'Outrage' Follows USDA's Advancement of New Genetically Engineered Crops

Environmental groups warn that advancing Dow's new genetically engineered crops means a continuation of a toxic chemical treadmill that threatens human health. (Photo: Holley St. Germain)

Watchdog groups are denouncing the U.S. Department of Agriculture's recommendation on Wednesday to approve new varieties of genetically engineered corn and soybeans as a path towards more toxic pesticides that threaten the environment and public health.

"We are outraged," stated Marcia Ishii-Eiteman, PhD, senior scientist with Pesticide Action Network, adding that the "USDA has turned its back on America’s farmers and rural communities."

The new crops are Dow AgroScience’s 2,4-D- and glyphosate-tolerant corn and soybeans. They are made to be used with Dow's Enlist Duo herbicide, which contains 2,4-D and glyphosate and is also under review by the USDA.

Aug 08 08:43

Silver & Gold Dealer IRS Reporting Requirements - INFOGRAPHIC

For those concerned about buying and selling PRIVACY, this information is important.

Given that Silver & Gold Bullion are some of the only remaining assets which can remain truly private... it's important people know the current rules of the game.

Aug 08 07:53

Farmers 'will need EU aid after sanctions'

Minister for Agriculture Andrä Rupprechter (People's Party/ÖVP) has said the European Union should help Austrian farmers who suffer financial losses due to EU sanctions over Russia.

Webmaster's Commentary: 

"No problem, we'll just get the US Government to take a bunch of money from the American people again!"

Aug 08 07:21

Emerging Airline Monopolies Make Air Travel More Expensive In The US

There is a stunning lack of choice today for American consumers, and nowhere is that more evident than our nations ever-shrinking airline industry. In the first half of 2014, the average round-trip ticket to anywhere in the U.S. was over $509.15 including taxes. That is up over $14 from the same period in 2013.

Airfares in general have gone up 10.7 percent in the past five years, even after adjusting for inflation. So what is behind these ever-increasing airfares in the United States? Well, it may have something to do with the stunning lack of competition which is now the reality of the U.S. airline market in the mid 2010?s.

Aug 08 07:19

Russia “already turning away trucks at border”

Catalan producer association Afrucat is urging its members not to send lorries to Russia until the situation regarding the ban on EU imports has been fully clarified, following reports that trucks laden with fruits and vegetables are already being refused entry at border crossings.

Aug 08 07:18

Dear David, Sorry, but Your Money Is Trapped in the USA

Recently, my colleague David Galland had a revealing experience. David attempted to invest abroad but was stymied by the US government’s de facto capital controls.

While there are no official capital controls, the uniquely burdensome regulations associated with doing business with a “US Person” creates a similar effect—that being that the vast majority of foreign banks, brokerages, and other financial institutions shun American clients, effectively making it much more difficult to move capital outside of the US.

IM contributor Jeff Thomas eloquently points out that “If the sheep are to be sheared, they must first be penned in so that they cannot escape.” This is exactly the point of capital controls: to lock in the wealth of a country so it cannot escape the shearing that is soon to come.

Aug 07 15:05

HHS on the hunt for HealthCare.gov emails Issa wants

A senior health department official under Republican scrutiny for the flawed rollout of HealthCare.gov likely deleted some emails now sought by congressional investigators, msnbc has learned.

The Department of Health and Human Services planned on Thursday to alert Congress and the National Archives and Records Administration, which is charged with enforcing federal record keeping laws, about the problem, according to a copy of a letter being sent to Archives.

There is no evidence that Marilyn Tavenner, an Obama appointee who leads the Centers for Medicare & Medicaid Services, intentionally hid information or deleted records; rather, the gaps appear to be the result of sloppy record keeping. But Republicans have attempted to turn missing emails into a political scandal before, as they did with Lois Lerner, a former IRS official at the center of a separate controversy over alleged targeting of conservative nonprofit groups.

Aug 07 14:17

European stocks fall on Russia

Europe's main stock markets fell, weighed down by concerns of escalating tensions between the West and Russia, after the ECB left its monetary policy unchanged.

Frankfurt's main DAX index dropped 1.0 per cent to 9,038.97 points, while in Paris the CAC 40 tumbled 1.36 per cent at 4,149.83 points, compared with Wednesday's close.

London's benchmark FTSE 100 index shed 0.58 per cent to 6,597.37 points after the Bank of England also chose to hold its key interest rate at a record low.

Aug 07 12:38

Russian Food Ban sends Livestock Futures Reeling

Russia has announced a retaliatory ban on food products from nations supporting the sanctions that were imposed on it in response to the ongoing events in Ukraine.

Personally the food ban is going to do nothing except to hurt their own citizens by driving up the cost of food there but it has just knocked a huge chunk of profitability out of the pockets of US livestock producers.

Webmaster's Commentary: 

I rather doubt Russia will have any problem obtaining plenty of (GMO free) food from their BRICS partners.

Aug 07 12:11

FLASHBACK - Judea Declares War on Germany


Click for larger image

Webmaster's Commentary: 

Posted at reader request: Today Israel is screaming about how "unfair" the Boycott, Divest, and Sanctions movement is to "poor suffering Israel" (reg Trademark Tel Aviv). but history shows that the same people have never hesitated to use boycotts against others, as this newspaper from 1933 shows.

Following their defeat in WW1, Germany had been forced to accept a privately-owned central bank under the Treaty of Versailles. This privately-owned bank looted the German people and eventually led to the runaway inflation of the Wiemar Republic. When Hitler came to power he kicked out the private central bankers and returned control of the currency to the government. This triggered an economic boom in Germany which would later be described as the "German Miracle" and lead to TIME Magazine making Hitler their Man of the Year for the amazing economic changes he had brought to Germany.

Those changes, of course, were a direct threat to the private central banks, both because citizens in other countries wondered why they could not have the same system of government-issued currency that was working so well for Germany (especially here in the United States, which had been started a with government-issued currency), and because nations enslaved to private central banks cannot economically compete with nations not so encumbered and plundered.

So, the cartel of private central bankers organized a global boycott against the new German monetary system almost the moment it was born, to ruin Germany and drive it back into the clutches of the private central bankers. It was this economic war that set the stage for the emergence of WW2, while the financial predations of the Rothschilds bankers became the foundation of the German peoples' animosity towards Jews.

As a side note, the article gives the total Jewish population of Germany as just over half a million, quite a far cry from the claimed six million supposedly exterminated by the Nazis.

Aug 07 11:37

Duggan to unveil new plan to collect unpaid water bills

Detroit Mayor Mike Duggan today will announce a new plan to address thousands of unpaid water bills after previous efforts to collect debt by shutting off service to delinquent customers sparked widespread criticism.

Duggan and water director Sue McCormick will appear at a 12:30 p.m. press conference at city hall to share details of a 10-point plan to make sure residents have the chance to bring their unpaid bills up to date.

Webmaster's Commentary: 

"Our corporate masters have agreed to provide loans at modest interest rates to get your water turned on again!"

Aug 07 10:06

Gold Jumps As Ukrainian Fighter-Jet Shot Down Over Donetsk

Gold futures broke above $1315 as a double whammy of NATO threats and Ukraine headlines spark safe-haven buying:

*FIGHTER JET SHOT DOWN OVER REBEL-HELD EAST UKRAINE: AFP

Aug 07 07:17

Shoppers Use App To Boycott Israel In Grocery Store Aisles

Today, more than a year since the app first gained ground, Buycott’s fastest-growing campaigns are those allowing shoppers to avoid products deemed to support Israel.

As the Israel-Gaza conflict has intensified in recent days, Buycott has seen a surge in users joining groups with names like ‘Avoid Israeli Settlement Products’ and ‘Long Live Palestine Boycott Israel.’

The latter was created in April by a British teenager, but floundered with a few hundred members through mid-July. It now counts over 220,000 shoppers as users, with its numbers climbing daily.

Webmaster's Commentary: 

GOOD!!!

Aug 07 07:05

Australia's Unemployment Rate Suddenly Surged To A 12-Year High

Australia’s unemployment rate has surged to a 12-year high of 6.4%, the Aussie dollar dropped to 0.9290, and the twitterverse has had a raft of hand wringing over such a big jump, though the reality is not as bad as the headline number looks.

This is an important message to focus on because 6.4%, the highest rate in more than a decade, is going to scare Australian consumers. It will worry Australian businesses focussed on forward planning – especially those concerned about where buyers will come from.

Aug 06 12:33

Russia Sanctions Accelerate Risk to Dollar Dominance

U.S. and European Union sanctions against Russia threaten to hasten a move away from the dollar that’s been stirring since the global financial crisis.

Aug 06 09:38

Putin Bans Agricultural Imports From Sanctioning Countries For 1 Year – 6 August 2014

A one-year ban has been imposed on certain agricultural produce, foods and raw materials from countries that have sanctioned Russia. A law on economic measures to protect the country’s security has been signed by President Putin.

Aug 06 07:43

Office Depot to close 165 stores this year; settles lawsuit for $80 million

Boca Raton-based Office Depot said Tuesday it would close 165 stores during 2014 — up from the 150 estimated earlier this year — but stuck with a total count of 400 store closures through 2016, the company said.

The office-supply retailer, which merged with OfficeMax last year in a $1.2 billion transaction, said it has completed its analysis of which stores will be closed across the U.S. and Canada. Locally, the retailer has closed two OfficeMax stores, in Coral Springs and Deerfield Beach.

The company also announced on a conference call following its second-quarter earnings announcement that it has settled a California lawsuit for $80 million, which it expects to pay in the fourth quarter.

Aug 06 07:42

4 Million Fewer Jobs: How The BLS Massively Overestimated US Job Creation

To be sure, in a normal, vibrant, growing and most importantly, entrepreneurial economy, incorporating business creation vs business deaths is a perfectly reasonable statistical adjustment to the actual number of underlying jobs via the BLS business sampling that takes place every month.

There is one problem: the Fed's centrally-planned abortion of an "economy", in which the rigged, bubble market is the only leading indicator that everyone focuses on and from which everything else "flows", is anything but normal.

The latest proof of just how broken the economy has become, and serves as a big flashing red question mark about just how massively overestimated job creation is due to a wildly erroneous birth/death estimator, comes from a research report by the Brookings Institution titled: "The Other Aging of America: The Increasing Dominance of Older Firms."

Aug 05 11:04

Stocks Plunge On Russia Invasion Threat - Give Up All Post-Payrolls Gains

Yesterday, the S&P and Nasdaq bounced hard off the pre-payrolls level from Aug 1st. From the moment US cash equity markets closed yesterday, stocks have been dropping back. But now, thanks to this:

SIKORSKI: RUSSIAN UNITS POISED TO PRESSURE OR INVADE UKRAINE
SIKORSKI: RUSSIAN INCURSION WOULD BE HUGE ESCALATION OF CRISIS
SIKORSKI WARNS RUSSIA ON IMPACT OF CONVENTIONAL WAR IN EUROPE

The Dow, S&P and now Nasdaq have tumbled below yesterday's lows, eradicating all the post-payrolls gains in stocks. Treasury yields are tumbling (5bps off highs) and gold and silver and rising.

Aug 05 08:53

The United States' Farm-Grown Terrorism

Let's talk about America's farm-grown terrorism epidemic.

Back on September 11th, nearly 3,000 people lost their lives in the attacks on the World Trade Center, Pentagon, and in Shanksville, Pennsylvania.

Since 9/11, our government has spent over $7.6 trillion on military and homeland security operations in response to the deaths of those roughly 3,000 souls.

Now, compare that to the fact that each year, 23,000 Americans die from antibiotic-resistant infections, and another 2 million get sick.

That's the equivalent of nearly eight 9/11's per year. But our government isn't doing a thing about it.

Webmaster's Commentary: 

OF COURSE, the US government does nothing about this because Big Agriculture and Big Pharmaceutical are two industries which lavish campaign contributions on Congressional representatives, and know precisely what kind of legislation (or the lack thereof) will buy them.

In the 21st century, the US has a government of the corporations, by the corporations, and definitely FOR THE CORPORATIONS.

Individual voters are irrelevant and expendable, because by the time they are elected, Congressional Representatives have been thoroughly vetted in terms of what they will deliver to the companies which have supported them in the election cycles.

Aug 05 07:48

the IRS doesn't want you to see this!

After you listen to Ron Paul and Campaign for Liberty's Attorney, David Warrington, explain the stakes involved in this fight, please sign your "Statement of Support" immediately.

Aug 04 17:45

Spreading Debt and Death

Aug 04 12:36

Ron Paul Warns: The Dollar Collapse is Close

Webmaster's Commentary: 

Hence the rush to a new World War.

Crash of 1907 -> WW1

Crash of 1929 -> WW2

Crash of 2008 -> WW3

Get the picture?

Before the creation of the Federal Reserve, there was no such thing as a world war.

Aug 04 10:43

All of Tennessee’s Employment Growth Since 2000 Has Gone to Immigrants, Yet Natives Accounted for Two-Thirds of Population Growth

The Gang of Eight Senate immigration bill (S.744) passed last June would have roughly doubled the number of new foreign workers allowed into the country and legalized millions of illegal immigrants already in the United States. Both Tennessee senators — Lamar Alexander (R) and Bob Corker (R) — voted for it.

To put into context the possible effects of this legislation on Tennessee, the Center for Immigration Studies has analyzed recent government data on employment. The analysis shows that, since 2000, all of the net increase in the number of working-age (16 to 65) people holding a job in Tennessee has gone to immigrants (legal and illegal). This is the case even though the native-born accounted for 60 percent of the growth in the state’s total working-age population.

Webmaster's Commentary: 

"That's okay; all you working age Americans can just go on down to your local military recruiting office and get a fine job!" -- Official White Horse Souse

Aug 04 10:29

World Trade Organisation's future in doubt after India blocks trade deal

Global agreement collapses as Narendra Modi insists on food subsidy and stockpiling concessions for developing countries

Aug 04 07:38

G-20 Revolt? France Gets "Positive Reception" To Challenge US Bank Fines

In recent weeks France has defied US demands not to build Mistrals for Russia, has questioned dollar imperialism and the Petrodollar, and has blasted the US banking regulator's fines as "accelerating the decline of the dollar." So it is likely not a huge surprise that ahead of the G-20 meeting of world leaders later in the year, The FT reports, France has gathered support to challenge US regulators imposing heavy penalties on foreign banks.

Aug 04 07:16

FACEBOOK STILL BLOCKING POSTS WITH THE URL TO THE YOUTUBE VIDEO OF "ALL WARS ARE BANKERS' WARS."

Aug 03 07:22

Pentagon asks Congress to allocate $19 mln in support of Ukrainian army

Aug 01 09:21

WTO members fail to agree global trade deal

The World Trade Organization says its 160 members have failed to agree a global customs pact drawn up in meetings in Bali last December.

The Trade Facilitation Agreement would have streamlined global customs procedures, and should have been finalised by Thursday.

But it was blocked over a number of rifts, including India's demands for concessions on the stockpiling of food.

The WTO said it had not been possible to find a breakthrough.

Aug 01 09:14

Alle oorlogen zijn bankiersoorlogen

"Bankieren werd bedacht in ongerechtigheid en is geboren in zonde. De Bankiers zijn eigenaar van de Aarde. Neem het van hen weg, maar laat ze de macht om deposito's te maken en in een oogwenk zullen ze genoeg deposito's maken om het weer terug te kopen. Maar, neem het van hen weg en al de fortuinen als de mijne zullen verdwijnen en ze zouden moeten verdwijnen, omdat deze wereld dan een gelukkiger en betere wereld zou zijn om in te wonen, maar als je slaven wilt blijven van de bankiers en betalen voor de kosten van uw eigen slavernij, laat ze door blijven gaan deposito's te creëren."
- Sir Josiah Stamp, president van de Bank van Engeland in de '20 van de vorige eeuw, de tweede rijkste man in Groot-Brittannië

Webmaster's Commentary: 

This is one of the largest and most popular Dutch corporate media websites, which draws millions of visitors every day, and they just linked to the video of "All Wars are Bankers' Wars!" So looks like Facebook's ban was rather pointless.

Aug 01 08:41

RadioShack's days are numbered

Webmaster's Commentary: 

Radio Shack is where I used to go for parts and supplies to build things. That was their strength. But they dropped support for electronics hobbyists and went with the same consumer-level products everyone else is selling, and are now paying the price for forgetting what their original success was based on.

Jul 31 09:48

Russia And India Begin Negotations To Use National Currencies In Settlements, Bypassing Dollar

That is about to change when yesterday the Russian central bank announced that having been increasingly shunned by the west, Russia discussed cooperation with Reserve Bank of India Executive Director Shrikant Padmanabhan. The punchline: India agreed to create a task group to work out a mechanism for using national currencies in settlements. And so another major bilateral arrangement is set up that completely bypasses the dollar.

Jul 31 09:40

Obama's Russian Sanctions take hold - Dow down 200 as stocks end July with a thud

Webmaster's Commentary: 

I have no doubt that the announcement of a 4% growth in GDP was intended to offset the downward pressures from the new sanctions, but with the US Government having lied (and then "revised") that GDP figure so many times, not to mention the obvious frauds in reporting unemployment and inflation, nobody believes that 4% claim.

Jul 31 09:17

Deadbeat Illinois Evicted From Facility: DMV Office Hasn't Paid Rent in 13 Months

For 13 months, the Secretary of States' office refused to pay rent on its Belvidere facility. Due to that non-payment, the Department of Motor Vehicles is being evicted.

Local radio station WIFR spoke with one of the building's landlords, Diana Toft. Toft and her husband own the building on Pearl Street and they say they’re not willing to sign a lease because of the terms offered in it. Toft says the state owes them 13 months of unpaid rent, saying the state hasn’t paid since June 29th, 2013.

Jul 31 09:13

HSBC terminates Gaza-linked Islamic charity’s bank account and others

HSBC has written to an array of UK Islamic charitable organizations to inform them their accounts with the bank will be terminated. One such organization has carried out relief work in crisis-stricken Gaza for over a decade.

In formal letters issued to a think tank, a charity and a North London mosque, HSBC claimed continued provision of its services would counter its “risk appetite".

Family members of a man who runs the think tank have also received similar letters from HSBC. But the multinational bank reportedly offered no explanation for its decision to withdraw its banking services in these cases.

Jul 31 09:11

EU sanctions some of Russia's biggest banks, including #1 Sberbank

The European Union has imposed sectorial sanctions on five Russian banks, including the country’s biggest, Sberbank, as part of economic steps that Europe, along with the US, have taken against Moscow over the crisis in Ukraine.

The list, published Thursday, includes Sberbank, VTB Bank, Gazprombank, Vnesheconombank (VEB) and Russian Agriculture Bank (Rosselkhozbank).

These financial entities will be banned from raising capital on the EU’s capital markets.

Webmaster's Commentary: 
Jul 31 08:57

Detroit Residents Appeal to United Nations to Save Their Access to Water

The City of Detroit is shutting off water taps for its residents. Yet, corporations are not forced to pay.

Webmaster's Commentary: 

I was hoping that with control of the water system returned to the Mayor, this crisis was over.

Jul 31 08:42

FLASHBACK - JFK Vs The Federal Reserve

It appears obvious that President Kennedy knew the Federal Reserve Notes being used as the purported legal currency were contrary to the Constitution of the United States of America.

"United States Notes" were issued as an interest-free and debt-free currency backed by silver reserves in the U.S. Treasury. We compared a "Federal Reserve Note" issued from the private central bank of the United States (the Federal Reserve Bank a/k/a Federal Reserve System), with a "United States Note" from the U.S. Treasury issued by President Kennedy's Executive Order. They almost look alike, except one says "Federal Reserve Note" on the top while the other says "United States Note". Also, the Federal Reserve Note has a green seal and serial number while the United States Note has a red seal and serial number.

Jul 30 14:18

Argentina placed into ‘default’ rating as debt deal deadline expires

Argentina’s credit rating was downgraded to “selective default” by Standard & Poor’s as the South American country missed Wednesday’s deadline for a grace period during ongoing negotiations with holdout debt holders.

Wednesday is the cutoff for Argentina to make good on a $539 million payment to bondholders, which was placed on hold by a US judge’s order tying that payment to ongoing litigation by vulture funds which refused the country’s original cents-on-the-dollar debt restructuring offer.

Analysts generally do not believe that a default by Argentina will have the same consequences as in 2001.

Jul 30 12:46

Trading to Resume on Moscow Stock Exchange

Trading will begin again on the Moscow Stock Exchange at 5:50 p.m. after stopping abruptly on Wednesday afternoon, the stock exchange said in a statement.

Trading stopped at approximately 3:56 p.m. in Moscow, according to Interfax.

The stock exchange said in an earlier statement that the reasons for the interruption are being investigated.

Webmaster's Commentary: 

Hacking attack to try to shut them down?

Jul 30 09:41

"US Will Feel Tangible Losses," Russia Prepares To Unleash Retaliatory Trade Wars

"It's a troubling continuation/expansion of trade as a geopolitical tool," warns one Washington-based consulting firm as Russia prepares to unleash retaliatory actions to US and European sanctions. As Bloomberg reports, Russia said yesterday it may ban imports of chicken from the U.S. and fruit from Europe and is investigating McDonald's cheese for safety. In addition, a Russian lawmaker has drafted legislation that might result in U.S. accounting firms being barred from doing business in his country. All of this is odd given Jack "trust me" Lew's reassurance that Russian sanctions would have no impact on the US economy. Russia's response, US will feel 'tangible losses' from 'destructive, myopic' sanctions.

As Bloomberg reports, while Russia and the U.S. have long sparred over agricultural trade, the actions fueled speculation they could be retaliatory.

Webmaster's Commentary: 

Gee, ya THINK?!?!?!?

Jul 30 06:10

Swedish banks walk tightrope with sanctions

News agency Reuters reports that the EU has agreed on a sanctions package against Russia, over its role in Ukraine, on Tuesday. The details of the sanctions package will be finalized and released on Wednesday. The sanctions target the finance, defence and energy sectors.

The sanctions are initially set to last one year but a review will take place after three months, to judge their effectiveness. The sanctions were decided to only target future contracts, leaving existing contracts intact, like France's delivery of helicopter carrier warships to Russia.

According to Reuters, one of the sanction with the most impact will ban Europeans from buying new bonds or shares issued by banks owned 50 percent or more by the Russian state.

Jul 30 05:58

Q2:2014 US GDP Nowcast: +3.2%

The US economy is expected to post a substantial rebound in the government’s initial estimate of second-quarter GDP that’s scheduled for release on Wednesday, according to the Capital Spectator’s median econometric nowcast. Following the surprisingly sharp 2.9% decline for Q1 GDP (real seasonally adjusted annual rate), the US Bureau of Economic Analysis (BEA) is projected to report a 3.2% increase for its “advance” Q2 data on July 30.

Webmaster's Commentary: 

And three months from now they will "adjust" that one back down to reality.

Jul 29 20:45

Why the USA and England Had to Start World War Two

Why? Basically because their gangster overlords, the sleazy criminals that slither around the banks in Wall Street and the City of London financial district told them to get the war on.
The banksters were deathly afraid that Hitler's resuscitation of Germany's economy, which had been on life support and falling fast, but got turned around in a matter of years into what got called an economic miracle would start spreading to other nations, many of whom were being destroyed from within by the perverted banksters choke-hold on those nations.

Jul 29 15:30

Website of James Perloff, today's radio show guest.

Thomas Jefferson said:

Nothing can now be believed which is seen in a newspaper. Truth itself becomes suspicious by being put into that polluted vehicle. The real extent of this state of misinformation is known only to those who are in situations to confront facts within their knowledge with the lies of the day. I really look with commiseration over the great body of my fellow citizens, who, reading newspapers, live and die in the belief that they have known something of what has been passing in the world.

(Letter to John Norvell, June 14, 1807)

Jul 29 13:33

Obama: ‘Not a new Cold War,’ but new Russia sanctions announced

President Obama announced a new round of U.S. sanctions against Russian banks and a shipbuilding company Tuesday, saying Russia must pay an increasingly high price for its military aggression in Ukraine and the downing of a passenger jet.

The penalties follow tougher sanctions agreed to by European Union leaders earlier in the day.

“Today is a reminder that the United States means what it says,” Mr. Obama said in a statement on the South Lawn of the White House. “It didn’t have to come to this. There continues to be a better choice.”

Webmaster's Commentary: 

Jul 29 13:05

Detroit water department placed in mayor's hands

Control of Detroit’s massive municipal water department, which has been widely criticized by the United Nations and others for widespread service shutoffs to thousands of customers, has been returned to the mayor’s office.

Webmaster's Commentary: 

If he has any sense, the Major will leave the water running.

Jul 29 11:32

Folks Out There Have a “Distaste of Western Civilization and Cultural Values”

The Times then goes on to blame terrorism on “religious fanaticism…the anger among those left behind by globalization,” and the “distaste of Western civilization and cultural values” among the global dispossessed. The blinders and self-deception in such a statement are truly mind-boggling. As if corporate globalization, pushed by the U.S. government and its closest allies, with the help of the World Trade Organization, World Bank and IMF, had not unleashed a tremendous immiseration process on the Third World, with budget cuts and import devastation of artisans and small farmers. Many of these hundreds of millions of losers are quite aware of the role of the United States in this process. It is the U.S. public who by and large have been kept in the dark.

Webmaster's Commentary: 

Present company excepted, of course.

Jul 29 10:10

IMF warns of adverse effects of anti-Russia sanctions

The International Monetary Fund (IMF) has warned that the sanctions imposed on Russia over the ongoing crisis in Ukraine would have adverse effects on a global scale.

Speaking at a news conference on Wednesday, IMF spokesman William Murray said that the potential global impacts of the anti-Russia sanctions are “still under assessment, but clearly you would anticipate - through trade channels - that there would be an impact.”

Murray also emphasized that the sanctions are expected to affect the economies “that have very active and direct trade links with Russia, particularly in eastern and central Europe and central Asia.”

Webmaster's Commentary: 

Sanctions are most generally a prelude to war, and that is the scary part here.

And even more scary is the reality that the US government doesn't have the troop strength, the money, or the manufacturing to insure a positive outcome to a conventional war against Russia, meaning such a war may well go nuclear in a heartbeat.

Jul 28 11:25

America is buying disputed Iraqi Kurdish Crude Oil

Today a Marshall Islands-flagged tanker ‘United Kalavrvta’ carrying crude oil from Iraqi Kurdistan was anchored near the Port of Galveston, Texas, despite Washington’s long-standing concern over independent oil sales from the autonomous region. It would be at least the second time a U.S. company has taken delivery of oil that the Baghdad government says was smuggled from the country.

The semi-autonomous government in Kurdistan argues the exports are within its rights under Iraq’s federal constitution, but Prime Minister Nuri al-Maliki insists all Iraqi oil must be brokered by the state oil company.

The shipment is significant because it is one of the first from the new pipeline through Turkey, which Baghdad emphatically calls a smuggling operation. To make matters more tense with Baghdad, the Kurds siezed northern oil fields from ISIS control to keep them out of the hands of the Jihadist insurgents who control the northwest of the country.

Webmaster's Commentary: 

It is just a question of time before the government in Baghdad collapses completely, and Kurdistan's officials have been making statements about creating a completely independent country here.

Ultimately, like it or not, the US is going to have to deal with an independent Kurdistan, with oil to sell.

Jul 28 10:35

China Cements Eurasian Trade Routes With Great Silk Road Revival:

When it comes to the rise of Eurasia as the ascendent axis set to oppose US global hegemony, conventional wisdom focuses on the roles of China and Russia. However, the changing geopolitical landscape is certainly far more nuanced than merely the "west" versus the BRICS, and as the following infographic from SCMP shows, China has been quietly working to recreate one of the most legendary trade routes, "the Silk Road", linking Africa to the Middle East (Iraq and Iran) to India, to Indonesia and all culminating in Beijing, while at the same time the reverse leg of the route goes to Kazakhstan, Moscow and ultimately, Germany. The purpose: "to enhance political and economic ties with southeast Asia and beyond."

Jul 28 10:07

Africa’s Largest Refinery Finds 2.7 Tons Of Gold “Missing” After Computer System Upgrade

It’s one thing to implicitly admit that there is a physical gold shortage and as a result nations – such as Germany – are unable to repatriate their physical gold held in the safe and trusted confines 90 feet below the NY Fed, gold which may or may not be there and has likely been leased out exponentially to cover paper shorts by virtually every BIS-overseen central bank (and the BIS paper gold selling team itself of course).

It is something totally different to corzine, as in vaporize, 87,000 ounces of physical gold, some 2.7 tons, and blame it on a computer upgrade glitch.

Jul 28 09:52

Stock trader who called three crashes sees 20% collapse

Mark Cook, a veteran investor included in Jack Schwager’s best-selling book, “Stock Market Wizards,” and the winner of the 1992 U.S. Investing Championship with a 563% return, believes the U.S. market is in trouble.

Jul 28 08:27

The Fed Is Blowing a Titanic Stock Market Bubble Despite Media Denials

Is the Fed fueling a giant stock market bubble? ... Not only has the S&P 500 fully recovered from the financial crisis, it's a staggering 30% higher than the peaks of the Internet and housing bull markets. But is this really the case? With unemployment still above 6%, how could we find ourselves in the throes of yet another brewing catastrophe? Didn't investors and analysts learn anything from the past decade and a half? While it requires some explanation, the answer is that we're most likely not experiencing another irrational inflation of stock prices. – USA Today

Jul 27 09:02

The pathetic state of infrastructure in America

Drive on a public highway in any major city: New York, Chicago, Los Angeles. It’s a disaster. Potholes so big you worry about breaking an axle. And you should. In New York State, for example, a recent study estimated that bad roads and bridges cost motorists $20.3 billion in repairs annually.

Cracked concrete and asphalt everywhere. Missing guardrails, stolen signs, and everywhere you turn, garbage. Graffiti and vandalism take a toll but mostly it’s all just old. Old, rusted, worn out, years of “deferred maintenance” — as in none at all.

Webmaster's Commentary: 

Your tax dollars go to build and maintain modern highways in Israel ... but not here. After Afghanistan, Iraq, Libya, etc. et. al. toss out there puppet rulers, maybe it is time for Americans to toss out theirs!

Jul 27 08:58

Microsoft to Slash 18,000 Jobs Week After Bill Gates Pushed for Unlimited Guest-Worker Visas

On Thursday, a week after former Microsoft CEO Bill Gates argued for amnesty and for an unlimited number of high-tech guest-worker visas, Microsoft announced it would slash 18,000 jobs.

Microsoft CEO Satya Nadella promised his employees that "we will go through this process in the most thoughtful and transparent way possible." Analysts told USA Today that the number being let go was "larger than expected."

Webmaster's Commentary: 

Although Bill Gates is officially retired from Microsoft, his vast wealth remains primarily in his stock holdings in the company, so his activism regarding Guest-worker visas is motivated by his wallet, especially in light of the decline in Microsoft stock following Windows 8 and the NSA scandal.

Jul 27 08:35

From Boeing to banking: how Russian sanctions will hit western business

Tightening the economic screws will hurt Russia's economy, but the consequences will also be felt by western companies – and not just the usual suspects of energy and arms companies that have made high-profile deals with the Kremlin. Germany, for example, has 6,000 companies doing business in Russia, mostly small and medium-sized enterprises. But large conglomerates will be the bellwethers, showing how serious the consequences will be.

Webmaster's Commentary: 

At a time when both the US and EU economies are already fragile, the promoters of war against the Ruble (and the Yuan) are willing to inflict even more hardship and suffering on their own people.

Who is the real enemy?

It isn't Russia and it isn't China.

The common enemy of all mankind are private central banks issuing all of the public currency as a loan at interest, a system that by design leads to massive debt, enslavement, and world wars.

Jul 27 08:07

Driving our way into poverty: Subprime auto debt continues to expand while domestic auto production remains weak.

Americans love their cars. Urban sprawl with poorly designed city centers has made driving a near necessity for most people. During the credit crisis, one of the problems that occurred was that too many loans were being made to people that had no ability of paying their debt back. We see this trend in full stride once again in the auto industry. Subprime auto lending is back in a big way. The vast majority of non-housing debt growth in the last 12 months has come in the form of auto and student loan debt. As we all should know, a car loses value the minute you take it off the lot. Sure, these new cars come fully loaded and are virtually spaceships but it will cost you especially when the per capita wage in the country is approximately $26,000. Given that the average new car costs $30,000 most people need to go into debt to finance this purchase. We are now seeing a big wave of subprime borrowers purchasing cars. What can possibly go wrong?

Jul 27 07:23

Has Fractional-Reserve Banking Really Passed the Market Test?

In 2003, Jörg Guido Hülsmann, a senior fellow of the Mises Institute, published the essay “Has Fractional-Reserve Banking Really Passed the Market Test?” in a Winter edition of The Independent Review. The key conclusion drawn was that it is the obfuscation of the difference between fractional-reserve IOUs and genuine money titles which preserves the the practice of fractional-reserve banking.

Jul 27 07:22

Federal Judge Says U.S. Government Can Steal Unlimited Money From Anyone At Any Time Under The U.S. Patriot Act – 27 July 2014

He was held at Guantanamo Baby for more than 10 years without being charged before being released to his home country Dec. 5, 2013. He had opposed transfer to Algeria, because he feared persecution there, according to court papers.

The Pentagon, however, refused to return his money, based on what government lawyers claimed to be a policy “based on a strong national security interest in preventing these funds from being used in a manner that would adversely impact the safety and security of the United States.” The justification was drawn from provisions in the USA Patriot Act, reports said.

Some human rights groups have argued that the policy constitutes a “war crime,” specifically in that it is in violation of an international prohibition of wartime “pillage,” according to Vice News.

Jul 27 07:08

Former Vanguard Tax Lawyer Files Whistleblower Suit Alleging Mutual Fund Giant Became Low-Cost Leader by Evading $1 Billion in Taxes

A former employee of Vanguard Group Inc. has sued the mutual-fund company in New York, saying it has avoided paying federal and state taxes and sheltered hundreds of millions of dollars annually.

The civil suit, unsealed in the Supreme Court of New York on Friday, accuses the Malvern, Pa.-based firm of operating an illegal tax shelter for nearly 40 years, thus avoiding $1 billion of U.S. federal income tax and at least $20 million of New York tax over the last 10 years, according to a copy of the complaint. The suit was filed by David Danon, whose LinkedIn profile describes him as an associate counsel at the company from August 2008 to June 2013. Mr. Danon is requesting all costs of filing the lawsuit as well as 15% to 30% of any money recovered by the state and local governments, including all proceeds of any related action.

Jul 25 11:05

Moody's: Troubled Michigan cities may follow Detroit Chapter 9 plan

Moody’s Investors Service says a successful resolution of Detroit’s Chapter 9 bankruptcy restructuring may prompt other financially troubled Michigan cities to follow suit.

The $7 billion debt reduction plan “could serve as an example other distressed local governments in Michigan might follow,” the rating agency said in a statement Friday. Particularly important to the plan, it said, was a March 2013 settlement between three insurers of general obligation unlimited tax bonds and the city that conferred a secured status on those bonds.

“The final outcome of this bankruptcy will likely have broader implications for future bankruptcy cases involving distressed local governments in Michigan, potentially setting an important benchmark for the relative position of debt versus pensions,” Moody’s vice president, Genevieve Nolan, said in a statement.

Webmaster's Commentary: 

Apparently the shutting off of water to the people wasn't seen as a negative by the money-junkies.

Jul 25 11:04

Water shut-off foes deliver petitions - and water - for Detroit

Opponents of the water department’s controversial shut-off campaign over unpaid bills rallied Thursday outside City Hall, delivering petition signatures and gallons of water to support Detroit families.

Patricia Jones, a program leader with the Massachusetts-based Unitarian Universalist Service Committee, gathered 6,000 signatures from clergy and others across the country who are demanding an end to the Detroit Water and Sewerage Department shut-offs and for Detroit’s elected leaders to issue permanent protections.

Jul 25 11:03

A rash of anti-Almond Milk articles flushes the liberal blog-o-sphere. Why?

It was only one month ago that the first anti-almond milk article appeared in U.S. News and World report which sparked the 'debate' online. The article received thousands of shares and swept across the internet at alarming speed.

So would it strike you as interesting if I told you that this 'source' article was written by Dietician Tamara Duker Freuman and that some deeper research into Ms. Freuman shows that she just so happens to be a paid 'Media spokesman' and consultant [PDF] with the Dairy industry? Or perhaps, when all the highly-subsidized overabundance of milk in U.S. public schools was being criticized, it was the same Ms. Freuman who not only came to Dairy's defense but actually advocated sugar-laden chocolate milk as a 'good thing' in schools?

Mrs. Duke remains on the payroll of Redwood hill Farms, which sells milks, cheeses, lactose-free creams, etc. and is headed by a woman by the name of Jennifer Lynn Bice.

Jul 25 10:20

New IRS Form Proves Obama Lied About Individual Mandate Tax

On Thursday the IRS released a slew of draft 2014 tax forms. The new draft Form 1040 shows a new surtax line has been created for the payment of the individual mandate surtax – see line 61 of the 1040.

President Obama has repeatedly denied that the surtax is in fact actually a tax.

Jul 25 10:14

POLL - 63.8% of Americans think the country is on the wrong track

Jul 25 07:30

Obama Calls For Collectivized New World Order

In a geopolitical context, Obama’s call for a “new order” really doesn’t sound any different from the old unipolar world order that the United States has represented since the end of the Cold War, which is now being challenged by the rise of the BRICS countries.

Jul 25 06:41

Madoff Five Face Sentencing as U.S. Calls Denials Galling

“The devastation caused by these defendants and their co-conspirators is sweeping and, in many ways, unfixable,” Assistant U.S. Attorney Matthew Schwartz said in a July 18 memo. “That makes the defendants’ lack of contrition all the more galling.”

Jul 24 11:00

Historical Moment - Non-Eviction in Nottingham.

Webmaster's Commentary: 

The British people stand up to the mortgage fraudsters!

Jul 23 14:30

Money Market Account Freeze Passed by SEC


Breaking- SEC lays regulatory law to freeze Money market withdrawals during time of financial stress.

Jul 23 13:30

It Can Happen Here: The Confiscation Scheme Planned for US and UK Depositors

Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few eurozone troika officials scrambling to salvage their balance sheets. A joint paper by the U.S. Federal Deposit Insurance Corporation (FDIC) and the Bank of England dated December 10, 2012, shows that these plans have been long in the making; that they originated with the G20 Financial Stability Board in Basel, Switzerland (discussed earlier here); and that the result will be to deliver clear title to the banks of depositor funds. New Zealand has a similar directive, discussed earlier here.

Jul 23 13:01

Jim Willie-We Got a Monster Recession of -6% or -7% Right Now

Jul 23 12:55

Canadian Group Will Bring Water to Detroit Residents Who’ve Had Water Shut Off

In 2009 Detroit’s unemployment rate was reported at 50 percent and now draconian budget cuts and a nine percent rate increase have led to thousands of residents having their water shut off. A group in Canada hopes to assist Detroit residents who aren’t able to pay their delinquent water bill in full.

CBC News reports that Council of Canadians are planning to help the 3,000 Detroit residents per week who are having their water shut off.

Maude Barlow, chair of the Council of Canadians, calls the plan to shut off the water to Detroit residents appalling and says it’s common in failed states, but not developed countries.

Jul 23 11:21

ALL WARS ARE BANKERS' WARS! ORIGINAL TEXT ARTICLE

"Banking was conceived in iniquity and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of a pen they will create enough deposits to buy it back again. However, take it away from them, and all the fortunes like mine will disappear, and they ought to disappear, for this world would be a happier and better world to live in. But if you wish to remain slaves of the Bankers and pay for the cost of your own slavery, let them continue to create deposits." -- Sir Josiah Stamp, President of the Bank of England in the 1920s, the second richest man in Britain

Webmaster's Commentary: 

This is the original article for "All Wars Are Bankers' Wars" from which the broadcast and later the video were created. I am reposting it here for the new visitors from my GCN radio show and also for readers coming over the Daily Telegraph, where my comments on the article "The dollar's 70-year dominance is coming to an end"(link now repaired) have drawn some obvious shills insisting that wars have nothing to do with the banks, the US economy is just hunky dorey, and the US dollar has nothing to fear from the Ruble and Yuan.

Clearly the private central banmks are getting very nervous that the world is not only waking up to their financial scam, but recognizes that they, as masters of the medium of exchange, have made themselves masters of the world, and willingly send millions of young people to horrible death and disfigurement to increase their wealth and control.

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Jul 23 10:08

Documents Emerge in Senate Hearing from William Broeksmit, Deutsche Exec Alleged to Have Hanged Himself in January

Anshu Jain, Co-CEO of Deutsche Bank, was not having a good day yesterday. First the oath-taking, subpoena-issuing Senate Permanent Subcommittee on Investigations released a detailed email to him from William Broeksmit, the 58-year old former Deutsche risk executive alleged to have hanged himself in his London home on January 26. By the end of the day, someone had leaked to the Wall Street Journal a deeply critical letter of Deutsche Bank from the New York Fed which said that “The size and breadth of errors strongly suggest that the firm’s entire U.S. regulatory reporting structure requires wide-ranging remedial action.”

Jul 23 10:01

Mississippi Cuts $1.3 Billion from Schools, Gives $1.3 Billion to Nissan

Mississippi has proved to us all that austerity, or the political ideology of “government living within its means,” is a farce. All austerity means is taking money away from public services, and giving it to private business. Mississippi Governor Phil Bryant and the GOP-led legislature illustrated that perfectly in two ways.

Jul 23 07:42

US Empire Reaches Breaking Point. “Greatest Threat to Humanity”. Time To End It

The people of the United States must work to end the interventionist violence of the U.S. Empire.

This is Part I of a two part series on American Empire. Part II will focus on the Empire Economy and [how] it is failing to work for most Americans as well as most people of the world.

The historian who chronicles US Empire, William Blum, issued his 130th Anti-Empire Report this week. In it he notes that the US, by far, is seen by the people of the world as “the greatest threat to peace in the world today” with 24% taking that view. Only 2% see Russia as such a threat, and 6% see China.

This should not come as a surprise since, as this map shows, much of the world has been bombed, had their democratically chosen government overthrown and has been occupied by the United States.

Jul 22 12:52

NY Fed Slams Deutsche Bank (And Its €55 Trillion In Derivatives): Accuses It Of "Significant Operational Risk"

First it was French BNP that was punished with a $9 billion legal fee after France refused to cancel the Mistral warship shipment to Russia (which promptly led to French National Bank head Christian Noyer to warn that the days of the USD as a reserve currency are numbered), and now moments ago, none other than the 150x-levered NY Fed tapped Angela Merkel on the shoulder with a polite reminder to vote "Yes" on the next, "Level-3" round of Russia sanctions when it revealed, via the WSJ, that "Deutsche Bank's giant U.S. operations suffer from a litany of serious problems, including shoddy financial reporting, inadequate auditing and oversight and weak technology systems."

Webmaster's Commentary: 

This is the pot calling the kettle black, in light of Wall Street's $90 trillion derivatives exposure. Of course, this may just be trying to lay the blame for the coming crash in Europe's banks.

Jul 22 11:41

JON STEWART DISCOVERS IT’S NOT KOSHER TO CRITICISE ISRAEL IF YOU ARE JEWISH

Meanwhile, Israel is learning that war is not good for business ...

Jul 22 11:30

Obamacare hit by ruling, but subsidies to continue

President Barack Obama's health care law is enmeshed in another big legal battle after two federal appeals courts issued contradictory rulings on a key financing issue within hours of each other Tuesday.

A divided court panel in Washington called into question the subsidies that help millions of low- and middle-income people pay their premiums, saying financial aid can be paid only in states that have set up their own insurance markets, or exchanges.

About 100 miles to the south in Richmond, Virginia, another appeals court panel unanimously came to the opposite conclusion, ruling that the Internal Revenue Service correctly interpreted the will of Congress when it issued regulations allowing consumers in all 50 states to purchase subsidized coverage.

The White House immediately declared that policyholders will keep getting financial aid as the administration sorts out the legal implications.

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