ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Dec 09 14:42

Fed up with austerity, Irish mobilize against water charges

Ireland, whose private banks gambled (and lost) more per capita than any other European country, was disproportionately affected by the economic crisis. The tiny country is paying almost 42 percent of the total European banking debt, despite making up only 1 percent of its population, according to Eurostat.

Dec 09 14:23

Massive Federal Land Grab Hidden In This Year's NDAA

Eric Blair
Activist Post

The National Defense Authorization Act (NDAA) seems to be the catalyst each year for passing tyrannical laws that couldn't stand on their own without its cover of "defense."

Previous NDAAs gave us an open declaration of war on US citizens, indefinite detention without due process, and funding for the domestic spy grid and police militarization.

Buried deep in this year's 1600-page NDAA (likely that not one lawmaker even read) is a massive federal land grab for special interests...

Dec 09 14:03

Court and U.S. Chapter 7 Trustee Gary F. Seitz Caught Trying to Steal Property Instead of Allowing Chapter 13.


Wait for the taped phone call in a moment, but note first that former Eckert, Seamans Attorney Margaret England (more info) now works for the same law firm as Gary F. Seitz. England is a racist who called La Mar Gunn a nigger, as noted in a recent Federal Trial that Mr. Gunn won, pro se. So now we have discrimination against a Philipino family, nice.

In this case, the pro se Blanco family tried to file a Chapter 13 but checked the wrong box. Should be a simple matter to convert, right? I mean you know, seeing as they are trying to pay, rather than to extinguish a debt, right?

Dec 09 12:24

More D.C. Lies on Debts and Spending

Interest payments and entitlement payments will soon skyrocket. The next recession will bring about more stimulus packages. Politicians will buy votes by adding new spending programs to the budget and will be reluctant to pay for their spending with additional tax revenues. We will again see record budget deficits.

Dec 09 12:13

This Time Is The Same: Like The Housing Bubble, The Fed Is Ignoring The Shale Bubble In Plain Sight

We are now far advanced into the third central bank generated bubble of the last two decades, but our monetary politburo has taken no notice whatsoever of its self-evident leading wave. Namely, the massive malinvestments and debt mania in the shale patch.

Dec 09 12:03

What a Reserve Currency Should Look Like

If the Fed wants the dollar to remain the world’s reserve currency of choice, it must raise interest rates rather than create more money and the government must slash its spending to avoid imposing higher taxes. If it chooses neither of these, or in such small increments as to make little difference, then I fear the dollar is doomed as the world’s primary reserve currency.

Dec 09 11:20

Russia, Turkey pivot across Eurasia

This is what the New Great Game in Eurasia is all about.

The latest, spectacular “Exit South Stream, Enter Turk Stream” Pipelinistan gambit will be sending big geopolitical shockwaves all across Eurasia for quite some time. This is what the New Great Game in Eurasia is all about.

In a nutshell, a few years ago Russia devised North Stream – fully operational – and South Stream – still a project – to bypass unreliable Ukraine as a gas transit nation. Now Russia devises a new sweet deal with Turkey to bypass the “non-constructive” (Putin’s words) approach of the European Commission (EC) concerning the European “Third Energy Package”, which prohibits one company from controlling the full cycle of extraction, transportation and sale of energy resources.

Dec 09 10:40

Venezuelan Bonds Crash To Lowest Price Since 1998

Bond prices in Venezuela have totally collapsed this morning - at 45c on the dollar, they are the lowest since 1998 - as the realization of the "abyss" they are staring into sparks an exodus from all credit positions in the country. VENZ 5Y CDS rallied 130bps which signals hedgers unwinding and the simultaneous sale of the underlying bonds implies broad-based capital flight (and profit taking) as 1Y CDS surges to record highs at 4830bps.

Webmaster's Commentary: 

Coming hard on the heels of the Greek problems and the US market being down, could this trigger a global sell-off?

Dec 09 10:12

Growing gap between rich and poor in Britain over two decades means the economy is 9% smaller that it could be

In the last two decades rising inequality knocked almost 9 percentage points off growth in the UK, the Organisation for Economic Co-operation and Development (OECD) said.

The global think tank said taxes on the rich did not damage the economy, and could be used to help families with children to improve their lives.

Countries where income inequality is falling grow faster than those with rising inequality, the body's latest report states.

Dec 09 10:01

Greece’s stock market just suffered its worst collapse ever

Webmaster's Commentary: 

And the US markets are not doing so well either!

Dec 09 09:31

Greece Post Mortem: Worst Day Since 1987 Crash, Banks Destroyed, Bond Yields At Post-Bailout Highs

As the sun sets in Athens, we thought a moment of reflection was worthwhile. Greek stocks are now down 13% - the biggest single-day drop since (drum roll please) the crash of 1987... led by total carnage in Greek banks (down 15-25% on the day). Greek bond yields exploded, 3YR +183bps to a new post-bailout high at 8.32% (and inverted to 10Y).

Dec 09 09:21

Somebody Is Manipulating the Numbers: ‘In The Realm Of Economics A Change Of This Magnitude Is A Collapse’

It won’t take much for reality to set in and when it does those who did not prepare for it will see life as they have come to know it in America change drastically.

A paradigm shift is coming.

Judgment Day… is inevitable.

Dec 09 09:19

Greek stocks crash, yields spike on political strife

Greece's stock market plunged 13 percent on Tuesday and bond yields spiked after the country's government surprised investors by announcing a snap presidential vote.

The election was originally scheduled for the new year, but will now take place next week. The news, announced late Monday, caused the Athens Stock Exchange to fall 13 percent by Tuesday afternoon, and the yield on Greek 10-year government debt to rise to 8.08 percent.

Greece's banks were among the worst hit, with the National Bank of Greece trading down around 20 percent and Attica bank down 26 percent.

Dec 09 08:57

Child Poverty In The U.S. Where Do We Rank?

Dec 09 08:54

WAIT FOR IT: The Mother of all Bank Runs!

There comes a time when the following occurs: a large number of banks’ customers lose confidence in either the banks, the government or the larger financial system, and all want to withdraw their deposits – at the same time simultaneously.

The result is panic, followed by chaos.

It’s happened before, and will happen again…

Dec 09 08:52

Banks Urge Big U.S. Clients to Move Deposits, WSJ Reports

JPMorgan Chase & Co. (JPM) and Citigroup Inc. are among at least five banks urging big clients in the U.S. to park cash elsewhere as new rules make it onerous to hold certain deposits, the Wall Street Journal reported.

Webmaster's Commentary: 

You little-depositors don;t get a warning from the banks, of course. The only warning you will get is the one you are looking at right now! Get your money out of the banks and under your own control.

Dec 09 08:44

‘German govt acts like masters of the universe within the EU’

Despite the German economy facing a crisis it is still the strongest in Europe. That is why Germany keeps dictating the EU path and asserts itself as the dominant power within the Union, Ernst Wolff, journalist and author, told RT.

A French member of the European Parliament, Jean-Luc Melenchon, has advised German Chancellor Angela Merkel to “shut up.” This Sunday using his twitter feed the founder of a French left party and former education minister responded angrily to Merkel’s call for France to introduce more economic reform. He said she should concentrate on Germany’s own problems.

Dec 09 08:43

Obamacare Creates Boom for Federal Contractors

The new money is buying medical-record software, insurance websites, claims processing, data analysis, computer system overhauls, consumer education and consulting expertise to control costs and identify fraud.

True, it’s a fraction of the $200 billion-plus the Pentagon spent on planes, bombs and other purchases in fiscal 2014. But thanks largely to automatic cuts set in 2011, defense contracting has dipped by more than a third since 2008 despite continuing conflict in Afghanistan and the Middle East.

Dec 09 08:29

MEET THE RICH WHITE GUY WHO IS RUNNING THE UNITED BLACK OUT BOYCOTT OF CAPITALISM

There’s a white, rich dude running the black boycott capitalism movement known as United Blackout. His name is Michael Latt and he is the marketing director of United Blackout. “Control how Black money is spent and you win the game,” says United Blackout’s campaign video. And Latt seeks to deliver.

Dec 09 08:20

You're Likely to Be a Lot Poorer Than You Were a Few Years Ago—And It's All By Design

The typical American is even poorer than his or her equivalent in Greece. The median Australian is four times wealthier. The Canadians are twice as wealthy. The U.S. continues to lead the world in billionaires (571 in 2014, with China a distant second at 190). But after decades of financial deregulation and attacks on employee rights, Americans rank 26th in median wealth (defined as assets owned, minus debts owed for the person on the middle rung of the wealth ladder).

Dec 09 08:10

The elite of the world (exposed on video)

For decades, a shadowy and secret elite organization called the Bilderberg Group has plotted policy together that subjugates humanity under the cover of darkness. Now WeAreChange.org expose them, this is real journalism you won’t see anywhere else.

Dec 09 07:54

MEASURE ALLOWING ROTHSCHILD'S RIO TINTO TO OPEN A MASSIVE COPPER MINING PROJECT ON SACRED APACHE LAND SLIPPED INTO NDAA

The leader of the San Carlos Apache Tribe is asking the Senate not to vote on the annual National Defense Authorization Act until a provision that would allow a massive copper mining project on sacred land is removed. The House approved a bill on December 4 that gives 2,400 acres of sacred Apach eland to a giant international mining corporation, then sent it to the Senate for a fast vote in a process that won’t allow amendments to be made. The Senate is expected to act on it this week.

Dec 09 07:52

Rothschild Bankers Lobby Congress To Force Taxpayers To Insure $TRILLIONS$ Of Fraudulent Bank Derivatives!!

As Michael Snyder notes, JP Morgan Chase, Goldman Sachs, Citibank, Bank of America, Morgan Stanley, and plenty of others have manipulated the market with these derivative bets, and have at least $40 trillion in derivatives exposure. If Congress passes FDIC protection for these controversial and complex financial instruments, it could dwarf existing debt held by the federal government and cost taxpayers an absolutely insurmountable sum, all while letting the bankers walk away free, and with their other winnings in hand.

Dec 09 07:51

Europe should decide its fate without using US ‘disservices’ – Russian Duma speaker

State Duma chairman, Sergey Naryshkin, has reiterated his advice to European countries to rule themselves and stop heeding meddlesome US advice that does more harm than good.

Dec 09 07:44

Anyone That Believes That Collapsing Oil Prices Are Good For The Economy Is Crazy

Are much lower oil prices good news for the U.S. economy? Only if you like collapsing capital expenditures, rising unemployment and a potential financial implosion on Wall Street.

Dec 09 06:58

Hard Times in a Boom Town: Pennsylvanians Describe Costs of Fracking

Expectations ran high when the boom first began. In 2010, 60 Minutes introduced a new word to the national media – “shale-ionaires,” or landowners who made millions simply by leasing their land for drilling.

“Once a well is built and producing, royalty checks start popping up in the mailbox,” explained 60 Minutes anchor Leslye Stahl. “It can last years and add up to many more millions.”

But even in the most productive shale play in the country, these early hopes have often been dashed, with some landowners reporting that leasing has already wound up costing them money.

Dec 08 22:54

The Mother of all Bank Runs!

Do you remember seeing old pictures of the Great Depression which depicted “lines”? There were two types, bread lines and also lines to the front doors of banks. While we don’t see any bread lines today, trust me, there are bread lines in every single state, and long ones at that. Nearly 50 million people in the U.S. survive on SNAP, EBT cards or whatever they are called in your state. Can you imagine the “confidence” it would instill if each day on your way to work you saw massive lines of people waiting for breakfast? Or, when you came home from work you turn on your television only to see long lines again, this time for supper? I can see it now, some reporter out on the street giving us the “good” unemployment, inflation or GDP news with a line of people in the background waiting for food. My point? False economic news would be harder to “sell” and even harder to “stomach” (pun intended).

Dec 08 21:06

U.S. & France Agree To 'Compensation Fund for Victims Of Holocaust Related Deportation From France' ($100,000+ each!)

Those who suffered the "anti-Semitic persecutions" of being deported from France To Score More than $100,000 each! The State Dept. said Monday that there shall be "substantial compensation in connection with the wrongs suffered by Holocaust victims," "Payments to several thousand U.S. citizens and others around the world" and "It is estimated that each of these eligible survivors would receive a payment of over one hundred thousand dollars." Under the agreement, France will pay a %60 million lump sum to the U.S., who will administer payment of the individual claims and would thereafter "protect the immunity of France." However, don't get the wrong idea- just because the title says 'holocaust compensation,' this is not for those people who were said to be 'gassed' in 'chambers' with Zyklon B.

Dec 08 20:31

Biggest obstacle to homeownership

Dec 08 20:22

The Forecaster: Can This Computer Predict The Future? (The Government Certainly Thinks So)

Some call it hype. Some call him a crackpot.

Whatever you may believe, the facts are clear. He documented his predictions publicly, once even taking out a full page advertisement in USA Today just weeks ahead of the Savings and Loan crash of 1987 warning of what was to come. Next he pegged the collapse of the Japanese economy. Then the Russian Ruble, the dot-com bubble and the 2008 global economic crash.

Now he has another target date...

Dec 08 19:38

Stefan Molyneux Economic Collapse Warning Sign You Need To Know

Negative interest rates on deposits
Deregulation to ease bank fraudulent practices
Plus using your FDIC deposits to insure against bankster losses from derivatives

and the all-time suckers game
lending money out of thin air based upon nothing but your slavery - and charging you interest on it!

Dec 08 18:06

Analyzing Earnings As Of Q3 2014

Dec 08 17:19

Revealed: how the wealth gap holds back economic growth

Trickle-down economics was a central policy for Margaret Thatcher and Ronald Reagan in the 1980s, with the Conservatives in the UK and the Republicans in the US confident that all groups would benefit from policies designed to weaken trade unions and encourage wealth creation.

The OECD said that the richest 10% of the population now earned 9.5 times the income of the poorest 10%, up from seven times in the 1980s. However, the result had been slower, not faster, growth.

Dec 08 17:16

Record demand for food banks in Cornwall

It takes a lot to admit you need help. But for Elaine Bradford and thousands of others across the country, food banks are a vital lifeline.

Elaine goes to the Truro foodbank in the main Methodist Church to collect food supplies. In its first year in 2009, it supplied food to feed 110 people. So far this year, that figure has risen to 2,500.

More families than ever in Cornwall are falling into debt and having to rely on food banks to stop them going hungry. The record demand has been triggered by rising housing and energy costs, and the soaring price of food.

Elaine says if it wasn't for the food banks, she would be in real trouble.

Dec 08 17:14

George Osborne: Cuts 'a price that works for our country'

Chancellor George Osborne has said spending cuts to reduce the deficit are a "price that works for our country".

He told the BBC: "We are going to have to make savings... we are going to have to cut certain welfare bills like benefits that go to working-age people.

"But the prize is economic stability, growth, jobs in the future, brighter future, I think that's a price that works for our country."

Dec 08 16:22

Average Federal Spending Per Household Nearly $30K

Did you know that the National Institutes of Health spent $374,000 to find out if a puppet show would convince preschoolers to eat more vegetables? Or that the Department of Agriculture gave $50,000 to a business that packs and sells alpaca manure? -- Your tax dollars paid for it–and much more. In 2014, federal spending per household was $28,826.

Dec 08 15:29

Poor going hungry because they can't cook, says Tory peer

Porridge costs 4p a bowl but poor go hungry because they cannot prepare food, says Baroness Jenkin

Webmaster's Commentary: 

Why does the phrase "Let them eat cake" keep running through my mind?

Dec 08 14:30

Taylor Twit and those Heroin Model Rock, Eyes of Darkness.

One of the things that comes into my mind with regularity and which always stuns me to some degree and which may be why it comes into my mind with regularity, is what the Supreme Court did with conferring personhood upon corporations. The job of the Supreme Court is to interpret and, I presume, also defend… The Constitution. Not in the wildest dreams of the architects of the Constitution, would there ever have been a consideration like this. The Constitution and Bill of Rights were created to protect against this very sort of thing. What they did is High Treason and a capital crime. One can only hope justice comes to them with the full weight of the law or the mob, or by any means possible.

Dec 08 14:23

BEIJING WE’VE GOT A PROBLEM

Dec 08 13:44

The Wages of Global Capitalism

Wage growth in the world slowed to an average of 2 percent in 2013. That was less than in 2012 and far less than the pre-crisis rate of 3 percent. Starker still were the differences between wage growth in the "developed world" (chiefly Western Europe, North America and Japan) and wage growth in the major "emerging growth" countries, chiefly China.

Dec 08 12:10

House GOP struggling as shutdown deadline looms

Current funding for the federal government runs out a week from Thursday, just nine days from now, and it’s apparently up to House Republicans to avoid another government shutdown.

What could possibly go wrong?

The basic dynamic is pretty simple: the parties already agree on spending levels, but GOP lawmakers claim to be outraged by President Obama’s executive actions on immigration. A variety of congressional Republicans want to leverage a spending bill to undo the White House policy – a move that would guarantee that the government’s lights would go out on Dec. 11.

Webmaster's Commentary: 

THIS IS A CALL TO KEYBOARDS FOR ALL RIVERO'S RANGERS!

Wherever you see any articles, posts, or blogs about raising the debt ceiling, please post the above graphic, or quote the following...

"The question Americans should be asking is not whether to raise the debt ceiling, but rather why the Federal Government, which is authorized by the Constitution to create and issue interest-free money, instead borrows that money at interest from a privately owned central bank, thereby plunging future generations into debt slavery to that bank? THAT is the real question Americans should be asking!"

This quote is already making the rounds but we need to put this in front of the eyes of every American that we can over the next week as Congress debates just how much further they will sell us all into the slavery of the private central bankers.

Dec 08 11:57

Russia cancels trains to Ukraine

Russia's railway authorities have announced the cancellation of all passenger rail services to Ukraine, Azerbaijan, Kazakhstan and Tajikistan for 2015. All international passenger rail services to these countries will cease to run on 14 December, with the cancellation of services set to last for at least one year - TASS reports.

Dec 08 11:56

Plummeting Oil Prices Could Destroy The Banks That Are Holding Trillions In Commodity Derivatives

Could rapidly falling oil prices trigger a nightmare scenario for the commodity derivatives market? The big Wall Street banks did not expect plunging home prices to cause a mortgage-backed securities implosion back in 2008, and their models did not anticipate a decline in the price of oil by more than 40 dollars in less than six months this time either. If the price of oil stays at this level or goes down even more, someone out there is going to have to absorb some absolutely massive losses. In some cases, the losses will be absorbed by oil producers, but many of the big players in the industry have already locked in high prices for their oil next year through derivatives contracts. The companies enter into these derivatives contracts for a couple of reasons. Number one, many lenders do not want to give them any money unless they can show that they have locked in a price for their oil that is higher than the cost of production.

Dec 08 11:43

The Rise of German Imperialism and the Phony “Russian Threat”

The annexation of East Germany and the overthrow of the Communist governments in the East allowed German capitalists to dominate markets in the former Eastern bloc .As the major trading partner, it seized control of major industrial enterprises via corrupt privatizations decreed by the newly installed pro-capitalist client regimes. As the Czech Republic, Poland, Slovakia, Hungary, Bulgarian, the Baltic States “privatized” and “de-nationalized” strategic economic, trade, media and social service sectors, ‘unified’ Germany was able to resume a privileged place. As Russia fell into the hands of gangsters, emerging oligarchs and political proxies of western capitalists, its entire industrial infrastructure was decimated and Russia was converted into a giant raw-material export region.

Germany converted its trade relations with Russia from one between equals into a ‘colonial’ pattern: Germany exported high value industrial products and imported gas, oil and raw materials from Russia.

Dec 08 11:29

The Baltic Dry Index: 2008 vs 2014

Dec 08 11:22

New Study Claims US Shale Gas Quantities Grossly Exaggerated

US government estimates of the amount of natural gas that can be extracted by fracking may be far too optimistic, according to a new study by the University of Texas (UT) at Austin.

In 2013, the US Energy Information Administration (EIA) issued a report saying that, according to its analysis, shale wells, which require fracking to release their gas, would be productive at current levels for “over 30 years,” that is, at least until 2040.

Dec 08 09:54

The BRICS Nations Will Take Down The Dollar? But What About Israel?

Voters in New York started a petition ballot initiative to investigate 911. There had never been a criminal investigation into either the assassination of President Kennedy or into the deaths of some 3,000 people on 911. A city official of Jewish descent asked of the proposed investigation into 911, ‘Will this be good for Israel?’ Apparently the Jews of New York decided that an investigation into the truth of 911 would not be good for Israel because they denied the petition ballot access. The Goyim should not be allowed to decide for themselves who was responsible for an act that pushed America into spending trillions of dollars and killing the neighbors of Israel who said No to Jewish Supremacism.

Dec 08 09:52

Oil and Gas Bloodbath Spreads to Junk Bonds, Leveraged Loans. Defaults Next

The price of oil has plunged nearly 40% since June to $65.63, and junk bonds in the US energy sector are getting hammered, after a phenomenal boom that peaked this year. Energy companies sold $50 billion in junk bonds through October, 14% of all junk bonds issued! But junk-rated energy companies trying to raise new money to service old debt or to fund costly fracking or off-shore drilling operations are suddenly hitting resistance.

Dec 08 09:50

NATO Prepositions Weapons in Poland for Attack on Russia

The lengthiest excerpt from the article that’s online is at NATO’s own site, the PR delivered straight from the horses’ mouth, http://www.atlanticcouncil.org/blogs/natosource/russia-fears-prompt-na..., which posting there is certainly validation that the article represents NATO’s position accurately, even if it does so in ‘appropriately’ vague terms. (Of course, that’s not “appropriate” for readers, but for NATO, which is the weapons-manufacturers’ trade-organization, that’s being served in this ‘news’ story.)

Webmaster's Commentary: 

A NATO-led war against Russia would be utterly disastrous for the West; and if you have a difficult time of wrapping your head around that, just look at the incredible "victory" NATO has wrested from the rebels in Afghanistan, 13 years on. Their "contribution" to the US war effort here has been one very sick joke.

And please don't get me started on the aftermath of their "victory" in Libya, with the ouster of Gaddafi, which has only exacerbated the instability here, to the point where various African countries are tag-teaming their military to control the insurgents. The future of Libya is still very much up in the air.

To put it plainly, NATO and the US do not have the money, the troop strength, or the manufacturing to insure a positive outcome to a war with Russia; and this is what makes the military confrontation scenario so scary.

And in terms of Russia's manufacturing and purchasing of war equipment, although they are not spending as much as the US government, the Russians are getting a lot more bang for their buck than does the US.

A war against Russia would be the last, desperate act of a criminally insane Western leadership.

Dec 08 09:35

Americans Are The New Indian: Russell Means

American Indian Russell Means gives an eye-opening 90 minute interview in which he explains how Native Americans and Americans in general are all imprisoned within one huge reservation.

“The history of the American and the history of the Indian have now come full circle and are intertwined in the dictatorial policies of those that control the monetary system of America,” remarks Means.

Dec 08 09:35

A Magician Explains the 'Money Illusion'

Dec 08 09:31

LARRY SUMMERS: It Shouldn't Take This Long To Fix An Escalator

Take a walk from the US Air Shuttle in New York’s LaGuardia airport to ground transportation. For months you will have encountered a sign saying "New escalator coming in Spring 2015" ... It will take almost half as long to fix the escalator in LaGuardia as it took to build the Empire State building 85 years ago.

Is it any wonder that the American people have lost faith in the future and in institutions of all kinds? If rudimentary tasks such as keeping escalators going and bridges repaired are too much to handle, it is little surprise that disillusionment and cynicism flourish.

Dec 08 09:31

Brent crude hits new 5yr low

Dec 08 09:11

"Riddles" Surround 36th Dead Banker Of The Year

52-year-old Belgian Geert Tack - a private banker for ING who managed portfolios for wealthy individuals - was described as 'impeccable', 'sporty', 'cared-for', and 'successful' and so as Vermist reports, after disappearing a month ago, the appearance of his body off the coast of Ostend is surrounded by riddles...

Dec 08 08:53

SLAIN MASSMUTUAL EXECUTIVE HELD WALL STREET “TRADE SECRETS”

On Thursday, November 20, 2014, the body of 54-year old Melissa Millan, a divorced mother of two school-age children, was found at approximately 8 p.m. along a jogging path running parallel to Iron Horse Boulevard in Simsbury, Connecticut. A motorist had spotted the body and called the police. According to the coroner’s report, it was determined that Millan’s death was attributable to a stab wound to the chest with an “edged weapon.” Police ruled the death a homicide, a rarity for this town where residents feel safe enough to routinely jog by themselves on the same path used by Millan.

Dec 08 08:44

US meddling to blame for ‘all Arab world sufferings’ – Sudan president

The bloody conflicts in Iraq, Syria and Libya are the result of the interference by the US, which wants to gain control over the rich natural resources of those countries, Sudanese President Omar al-Bashir told RT.

“The people in Sudan believe that the since the fall of the Soviet Union [in 1991], injustice and oppression has prevailed around the globe as the US became the sole hegemon and began running things with impunity in many regions, including ours,” Bashir said.

In his interview with RT’s Arabic Channel, the Sudanese president labeled Washington’s policies in Middle East and North Africa as “harmful and destructive.”

“Just look at what’s now happening in Iraq and how it spread to Syria. All the suffering that is going in the Arab world is the work of the US,” he said.

Dec 08 08:38

McDonalds Implodes, Reports Worst US Sales In Over A Decade

If one ignores all traditional, staple indicators of a growing economy, such as stable (not plummeting) crude demand, stable (not plummeting) holiday spending and stable (not plummeting) McDonalds comp store sales, then indeed the US economy has "decoupled" from the rest of the world, and those who wish to demonstrate the same intellectual capacity as Tim Geithner, will welcome you to the (latest non-)recovery.

And yet for those, who are leery of seasonally-adjusted government data (showing soaring low-wage jobs offset by crashing employment in the energy sector and M&A synergies which mysteriously are never captured), or sentiment surveys and confidence polls (of Wall Street executives and government workers), here is the latest data from McDonalds. Showing the worst US comp store sales in nearly 12 years at -4.6%, one does wonder if following America's inability to even pay for sub-$1 meals, mass starvation will follow?

Dec 08 08:23

NIRP Arrives In The US: TBTF Banks Tell Customers To Move Their Cash Or Be Charged Fees

Back in June, the world was speechless when Goldman's head of the ECB, Mario Draghi, stunned the world when he took Bernanke's ZIRP and raised him one better by announcing the ECB would send deposit rates into negative territory, in the process launching the Neutron bomb known as N(egative)IRP and pushing European monetary policy into the "twilight zone", forcing savers to pay (!) for the privilege of keeping the product of their labor in the form of fiat currency instead of invested in a global ponzi scheme built on capital market so broken even the BIS can no longer contain its shocked amazement.

Well, the US economy may be "decoupling" (just as it did right before Lehman) and one pundit after another are once again (incorrectly) predicting that the Fed may raise rates, but when it comes to the true "value" of money, US banks have just shown that when it comes to spread between reality and the economic outlook, the schism has never been deeper.

Dec 08 08:21

EU will have to transport Russian gas from Turkey on its own – Gazprom chief

With the end of the South Stream project, Russia will have to adapt to a new market where it will not provide gas delivery to end users, Aleksey Miller, the head of Gazprom said in an interview confirming South Stream will not be resumed.

Russia’s Gazprom energy giant has given up the long-cherished South Stream gas pipeline to Europe because of the EU blocking its realization with the Third Energy Package, which prohibits one company to do the full cycle: extraction, transportation and sale of energy resources.

Now Gazprom is going to use already constructed South Stream infrastructure on the Russian territory to build a new gas pipeline across the Black Sea to Turkey, with an annual capacity of 63 billion cubic meters.

Dec 08 07:20

‘Hunger stalks the nation’: Church of England slams govt as 1mn Brits dependent on food banks

More Britons are becoming dependent on food banks as they find themselves plunged into poverty as a result of stagnating wages, delays in welfare payments and the soaring cost of living, according to a cross-party study.

Dec 08 06:29

ECB's Nowotny says euro zone economy weakening massively

Dec 8 (Reuters) - The euro zone is experiencing a massive weakening in its economy not least due to a slowdown in its biggest member, Germany, a senior ECB policy maker said on Monday.

"We see a massive weakening in the euro zone economy," Ewald Nowotny, a member of the ECB's Governing Council, told a conference in Frankfurt.

Dec 08 06:06

Mismanagement allegations at Pearl Harbor memorial

PEARL HARBOR, Hawaii – The USS Arizona is one of the nation's most hallowed sites, an underwater grave for more than 900 sailors and Marines killed when Japan bombed Pearl Harbor and sank their ship in 1941. Now, it's the scene of alleged rampant mismanagement.

Dec 08 02:33

Sad but Funny (but Sad): America Is Much Worse Than a Bad Boyfriend

This guy sucks!!! College Humor did a video about how America is like a bad boyfriend. Aside from a few propaganda bits, they made a pretty good point.

"But...but... He can change! You know, he promises... (Every four years...)"

Actually, America is so much worse than a bad boyfriend in so many more ways than a two-and-a-half-minute video could never fully illustrate.

I'm not about to exhaust that list here because I have the rest of my life to live and it would probably take that long to get through such a list.

Ultimately, if you have a bad boyfriend, usually you can just break up with him...

(read more)

Dec 07 20:05

Italian protesters, police clash near Milan’s La Scala

Clashes between Italian riot police and demonstrators protesting against austerity and labor reforms in the recession-hit country have left two people wounded at the opening night of Milan’s La Scala opera house.

The Sunday protest rally turned violent after hundreds of protesters threw flares and Molotov cocktails at baton-wielding police in front of La Scala.

The protesters, including students and activists, chanted anti-government slogans, while carrying banners reading "fight the power," and "we resist."

The demonstrators also demanded more social housing and funds for schools and culture. The protest came following a series of squat evictions by authorities.

The opening night of La Scala is one of the most glittering events on Europe's cultural calendar, attended by leading figures of Italian industry, fashion, and politics.

Dec 07 20:02

Japan's third quarter recession deeper than forecasted

Japan's economy shrank more than initially forecast in the third quarter of 2014, according to revised gross domestic product (GDP) figures.

The economy contracted by 1.9% in annual terms from July to September, well above a preliminary reading of 1.6%.

It also shrank 0.5% on a quarterly basis, compared to an initial estimate of 0.4%, data showed on Monday.

A big fall in business spending plunged the economy into a deeper recession.

Dec 07 18:44

19 Signs That You Live In A Country That Has Gone Completely Insane

Before we had televisions and radios and computers and movies and the Internet, people actually had to do the hard work of thinking for themselves. But now we are all plugged into this giant “matrix” that tells us what to think, what to believe and how to feel about things. And unfortunately, the people that are telling us what to think and believe are delusional themselves. The blind are leading the blind, and as a result our nation is coming apart at the seams all around us.

Dec 07 17:27

New Law Would Make Taxpayers Potentially Liable For TRILLIONS In Derivatives Losses

If the quadrillion dollar derivatives bubble implodes, who should be stuck with the bill?

Dec 07 17:21

Chlorine chicken, hormone beef? European fears that TTIP deal brings American 'Frankenfood' imports

On a velvety green patch of the French countryside, organic farmer Jean Cabaret gives a little shudder. A looming trade deal with the United States, he fears, may make his worst culinary nightmare come true: an invasion of Europe by American “Frankenfoods”. “Hormone-boosted beef. Chlorine-washed chicken. Genetically altered vegetables. This is what they want for us,” warned Cabaret, standing before his majestic herd of free-range cows.

Dec 07 17:06

It's Official (Finally): The US Is No Longer The World's #1 Economy

The universal law of wealth is to produce more than you consume. The West has completely broken that.

Dec 07 16:58

The Most Elementary Question Must Not Be Asked

As Salzer says: “Why do we insist upon economic growth, if we don’t actually need the products which are additionally produced every year?” The most elementary question is as simple as that.

I can finish this the way I started it: we need new ideas, new paradigms, to replace the ones that have gotten us the cesspool we find ourselves in, despite the false signals debt and propaganda provide us with. We’re in dire need of fresh blood and smart new ideas to clean up the mess the present ideologies and their puppets and puppetmasters have created.

Dec 07 16:54

Even The BIS Is Shocked At How Broken Markets Have Become

"The highly abnormal is becoming uncomfortably normal... There is something vaguely troubling when the unthinkable becomes routine."

Dec 07 16:24

Chinese Firm Planning a Canal Through Nicaragua Has PLA Ties

A Chinese company is preparing to begin work on the Nicaragua Interoceanic Canal. Once — and if — the canal is ever finished, it will size up to more than 170 miles (about 275 km) and connect the Caribbean Sea to the Pacific Ocean, with Lake Nicaragua in the middle. It’s a major project — larger than any other geo-engineering project underway in the world. Officially, it’s an opportunity for development championed by Nicaraguan President Daniel Ortega. But critics look at the canal as a boondoggle, and a means by which Ortega is developing a long-term relationship with Beijing — and China’s geopolitical interests. The builders of the canal also have important ties with the Chinese People’s Liberation Army (PLA).

Dec 07 14:29

FLASHBACK 2013 - Hungary Sheds Bankers’ Shackles

Not since the 1930s in Germany has a major European country dared to escape from the clutches of the Rothschild-controlled international banking cartels. This is stupendous news that should encourage nationalist patriots worldwide to increase the fight for freedom from financial tyranny. - See more at: http://americanfreepress.net/?p=12418#sthash.PnIai0bn.dpuf

Dec 07 12:10

Fuel crisis forced shut down of biggest nuclear power plant in Ukraine

Kiev Regime – a Disaster Awaiting Meltdown

Was the forced shutdown of the biggest nuclear power plant in Ukraine last week a result of the country’s fuel crisis? That crisis is itself a product to the political crisis that the Western sponsors have engendered in the country with the illegal coup in Kiev earlier this year.

The Zaporozhiya nuclear power station, which was forced to shut down on November 28, is located on the Dneiper River in southeast Ukraine. It is not only the biggest in the country, it is also the largest operating facility in Europe, with an output of 6,000 megawatts. Ukraine relies on four nuclear power plants for the supply of about half of all its electricity requirements.

Dec 07 12:06

Ukraine’s Made-in-USA Finance Minister

Though it’s difficult for an outsider to ascertain the relative merits of these insider deals, they could reflect negatively on Jaresko’s role as Ukraine’s new finance minister given the country’s reputation for corruption and cronyism, a principal argument for the U.S.-backed “regime change” that ousted elected President Viktor Yanukovych last February.

The substantial U.S. government sum invested in Jaresko’s WNISEF-based equity fund also sheds new light on how it was possible for Assistant Secretary of State for European Affairs Victoria Nuland to tally up U.S. spending on Ukraine since it became independent in 1991 and reach the astounding figure of “more than $5 billion,” which she announced to a meeting of U.S.-Ukrainian business leaders last December as she was pushing for “regime change” in Kiev.

Dec 07 09:55

Jim Grant Is Still Very Bullish On Gold

Dec 07 09:48

The Queen of England Deals Extensively in $17 Trillion Depleted Uranium Trade

Uranium can be mined for some medical purposes and to make electricity, but its main purpose was and is to fuel nuclear warfare against the world. Just six mines provide 85 percent of the world’s uranium and guess who owns the mineral rights to that land?

It may be surprising to realize it is none other than the Queen of England.

Dec 07 09:47

Where Are We in the U.S. Credit Cycle?

Dec 07 09:36

Wall Street Moves to Put Taxpayers on the Hook for Derivatives Trades

Wall Street has for some time attempted to put taxpayers on the hook for its derivatives trades. I highlighted this a year ago in the post: Citigroup Written Legislation Moves Through the House of Representatives. Here’s an excerpt:

Dec 07 09:15

Waging War Against Expensive Medications

Dec 07 09:08

Belgium Investigating To Repatriate All Gold Reserves

In Europe so far; Germany has been repatriating gold since 2012 from the US and France, The Netherlands has repatriated 122.5 tonnes a few weeks ago from the US, soon after Marine Le Pen, leader of the Front National party of France, penned an open letter to Christian Noyer, governor of the Bank of France, requesting that the country’s gold holdings be repatriated back to France, and now Belgium is making a move. Who’s next? And why are all these countries seemingly so nervous to get their gold ASAP on own soil?

Dec 07 08:10

Hidden Homeless: One In Five Young People ‘Sofa Surfed’ In The Last Year

Research reveals how one in five young people across Britain have ‘sofa surfed’ from one couch to another over the past year, because they have nowhere else to go.

Dec 07 07:50

Russia's Central Bank Hit by Accusations of Sabotaging Ruble

The Prosecutor General's Office is looking into the Central Bank's operations after a ruling party lawmaker accused it being an "enemy of the country" by supposedly driving down the ruble and plotting "evil" against Russia.

The ruble weakened over 6 percent to the U.S. dollar over Monday and Tuesday amid Western sanctions against Moscow's over its policy on Ukraine and slumping energy prices. But Yevgeny Fyodorov, a United Russia lawmaker and member of the State Duma's Budget and Tax Committee, charged that the troubles were the Central Bank's fault.

"The Central Bank is an institutional enemy of the country," Fyodorov told Russian News Service radio on Monday. "Its bosses are officially abroad. I am assuming that it will do the maximum evil. The Central Bank will do everything to have the ruble rate fall."

Webmaster's Commentary: 

Private Central Banks are an institutional enemy of every nation they have enslaved.

Dec 06 19:37

WARNING: Economic CRASH 2015 Decoded IMF

Dec 06 13:06

More than 100% of SPY gains occur overnight

Dec 06 12:49

Italy's credit rating lowered by S&P

Standard & Poor's on Friday lowered Italy's credit rating by one notch on concerns about weak growth and increasing debt while maintaining a stable outlook.

Dec 06 11:24

'Unauthorized' Aliens With Jobs Outnumber Non-College-Grad Adults Seeking One

“Unauthorized workers” are aliens living in the United States who do not have a legal right to work here.

Dec 06 11:14

The US Is No Longer The World's #1 Economy

It's Official (Finally)

Dec 06 10:41

Disgusted, Russia Officially Gives Up Any Pretense of “Dialog” With the AngloZionist Empire

It is painfully clear that Russia considers the USA an arrogant bully which Russia can stop and that Russia considers the regimes in power in the EU as voiceless colonies. Equally clear is the fact that the Russians are fed up with trying to plead or reason with anybody in the West. The Americans are too arrogant, the Europeans too spineless.

On March 1st of this year I wrote a piece entitled “Obama just made things much, much worse in the Ukraine – now Russia is ready for war“. Russia did not want that war, it was imposed on her at a time when Russia was not ready. Nevertheless, today Putin informed us all that Russia refuses to submit, that she accepts the challenge and that she will prevail.

Dec 06 10:35

America on “Hot War Footing” as House Paves Way for War with Russia

Mainstream Media Blacks Out as U.S. House of Representatives Passes Dark War on Russia Resolution 758.

America is on a war footing. While, a World War Three Scenario has been on the drawing board of the Pentagon for more than ten years, military action against Russia is now contemplated at an “operational level”. Similarly, both the Senate and the House have introduced enabling legislation which provides legitimacy to conduct a war against Russia.

The adoption of a major piece of legislation by the US House of Representatives on December 4th (H. Res. 758) would provide (pending a vote in the Senate) a de facto green light to the US president and commander in chief to initiate –without congressional approval– a process of military confrontation with Russia.

Global security is at stake. This historic vote –which potentially could affect the lives of hundreds of millions of people Worldwide– has received virtually no media coverage. A total media blackout prevails.

Dec 06 09:36

Wall Street Moves to Put Taxpayers on the Hook for Derivatives Trades

Wall Street lobbyists are trying to secure taxpayer backing for many derivatives trades as part of budget talks to avert a government shutdown.

According to multiple Democratic sources, banks are pushing hard to include the controversial provision in funding legislation that would keep the government operating after Dec. 11. Top negotiators in the House are taking the derivatives provision seriously, and may include it in the final bill, the sources said.

The bank perks are not a traditional budget item. They would allow financial institutions to trade certain financial derivatives from subsidiaries that are insured by the Federal Deposit Insurance Corp. — potentially putting taxpayers on the hook for losses caused by the risky contracts. Big Wall Street banks had typically traded derivatives from these FDIC-backed units, but the 2010 Dodd-Frank financial reform law required them to move many of the transactions to other subsidiaries that are not insured by taxpayers.

Webmaster's Commentary: 

IF there was ever a time to call Rivero's Rangers to keyboards, it is now.

Write/email/fax/phone your Congressional Representative and let them know that IF this bill is passed in this form, that you would rather have a goat, or a dog represent you, than this current cache of purchased weasels who allegedly represent you now.

And please remember: Congress no longer represents We the People; they represent Those, the Corporations. We the People have become irrelevant and expendable. That is why these idiots in Congress believe that they can get away with this crud.

Then, be pro-active. Do not have any more money in your bank than you need for paying bills. In fact, and even though it is more expensive, pay your bills with money orders if possible. There are many businesses which will still take cash, and it has not yet been made illegal to do so.

Make sure you have small amounts of gold and silver for barter. Because if Congress is about to pass legislation like this, the excrement is very near to hitting the ventilation shaft, and I mean really, really soon.

Dec 06 08:59

Jeykll Islands About To Break!!

In this powerful, eye-opening film, investigative journalist and award-winning filmmaker Bill Still (“The Money Masters” and “The Secret of Oz”) unravels the secretive 1913 formation of the privately owned Federal Reserve and the creation of National Debt by Senator Nelson W. Aldrich and representatives of J.P. Morgan, Rockefeller and Kuhn, Loeb & Co., at Jekyll Island in Georgia, USA . Still reveals the greatest rip-off in history: the real ways in which money and debt are created and controlled. Jekyll Island argues the case that economic depressions are abnormal, that nations across the globe do not need national debt, and that governments are not printing too much money, but borrowing wildly. In the face of mounting debts and a reduction in the standards of living worldwide, he explains that those who are profiting from this crippling financial problem, want us, the public, to remain confused about what money really is and how it was created.

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