ECONOMY

Oct 16 11:55

Scared yet? More pain for markets ahead

Oct 16 11:51

10 Ways The Rich Avoid The Taxman

Oct 16 11:39

EPA approves new 2,4-D herbicide blend, paving way for controversial GE crops

Rep. Peter DeFazio (D-OR) stated, “Today, EPA shunned its duties to protect the environment and safeguard public health by bowing to corporate interests instead of relying on science. For years, the scientific community has been sounding the alarm about the increased use of herbicides and the link to a multitude of health problems. It’s shocking that EPA thinks it’s a good idea to allow the widespread use of a toxic chemical once found in Agent Orange on this nation’s farm fields. EPA should be working to reverse the trend of chemicals that poison our food supply, water and soil. It will be just a matter of time before weeds develop a resistance to 2,4-D, and the chemical industry comes up with an even more dangerous and potent product.”

Oct 16 11:32

Modi Bites the American Bullet

The US, like China, is eager to engage Modi who has a reputation for being decisive and “business-friendly”. But unlike in the case with China, there are no detractors or snipers in the Indian strategic community or the corporate media who would play the spoiler’s role.

What the pundits ask instead is what Modi can do for Obama’s America. They want Modi to hasten the purchase of more arms from the US and “tweak” Indian nuclear liability law so that the Westinghouse could export nuclear reactors to India.

They wish Modi would undo the “negative narrative” causing heavy damage to America’s trading interests by giving the green signal on the Trade Facilitation Agreement of the WTO.

They clamor that Modi should “go the extra mile” by taking at least a “minor role” in the US-led coalition against the Islamic State in Iraq and Syria.

Oct 16 10:47

'Origami' condoms, Michelle Obama gardening games and poop-throwing chimps: NIH spent millions on wacky projects but now complains cuts killed off Ebola vaccine research

The $30 billion U.S. National Institutes of Health blamed tightening federal budgets on Monday for its inability to produce an Ebola vaccine, but a review of its grant-making history in the last 10 years has turned up highly unusual research that redirected precious funds away from more conventional public health projects.

The projects included $2.4 million to develop 'origami' condoms designed with Japanese folding paper in mind, and $939,000 to find out that male fruit flies prefer to romance younger females because the girl-flies' hormone levels drop over time.

Other winners of NIH grants consumed $325,000 to learn that marriages are happier when wives calm down more quickly during arguments with their husbands, and $257,000 to make an online game as a companion to first lady Michelle Obama's White House garden.

The agency also spent $117,000 in taxpayers' grant dollars to discover that most chimpanzees are right-handed.

Oct 16 10:15

Niagara Falls, N.Y. over $400,000 in arrears on water bill; water department quadruples charge for fire hydrants

NIAGARA FALLS, N.Y. (WGRZ-TV) A decision by the Niagara Falls Water Board to quadruple rates for fire hydrants has left the city with a $400,000 bill, which it has yet to pay as it contests the enormous fee increase.

The Niagara Falls City Council tabled a resolution Tuesday that would have paid the majority of the money, giving council members two more weeks to figure out a strategy to negotiate with the Water Board.
...
In 2012, the Water Board decided to increase the fixed annual rate of $25 per fire hydrant to $103 per fire hydrant, representing a 312 percent hike. With more than 2,000 hydrants located in the City of Niagara Falls, the municipality saw its annual bill to the Water Board jump from $57,175 to $215,064 for both 2012 and 2013. For the past two years, the city has attempted to contest the bill and, as a result, now owes a full bill and late fees totaling $405,360.

Oct 16 09:28

U.S. Response to Ebola: We Don’t Have the “Strongest” Medical System In the World … Only the Most EXPENSIVE

U.S. medical officials have repeatedly said – almost like a mantra – that Ebola can’t possibly effect our country because we have the “strongest” and “best” medical system in the world.

Were they speaking as scientists … or salesman? After all, the U.S. has the most expensive medical system in the world. And – like all good salesmen – they have to talk up and justify the super-pricey product.

In fact, independent studies rank the strength and quality of our system as low.

Oct 16 08:58

Student’s photo of skimpy Michelle O school lunch sparks outrage

Lunch meat, a couple of crackers, a slice of cheese and two pieces of cauliflower qualified as lunch in Chickasha Public Schools Monday.

Chickasha lunchStudent Kaytlin Shelton took a photo of the skimpy lunch and showed it to her parents.

“It makes me want to take that and take it to the Superintendent and tell him to eat it for lunch,” the girl tells Fox 25.

“I can go pay a dollar for a Lunchable and get more food in it,” her father, Vince Holton, says.

Webmaster's Commentary: 

Aaaaaaaaaaand ... what is Michelle having for lunch, I wonder?

Oct 16 08:07

The 4 Most Absurdly Expensive Versions of Filthy Products

If I'm going to buy a thing and its intended purpose is to get dirty, I'm not going to go for the most expensive version of that thing. That's a basic understanding of the world most of us share. "Most" being the key word.

Some people who are mega-rich apparently don't have that understanding. I know this because there are products that are normally inexpensive (for a reason) that come in decadent versions crafted specifically for the wealthiest people in the world. I'm talking everyday, basic things we all use and don't think twice about, yet some rich people apparently prefer to have gold-plated and diamond-studded and slapped with price tags so outlandish they defy all logic and taste.

Webmaster's Commentary: 

Life-styles of the money-junkies!

Oct 16 08:00

Six reasons why stock markets are tumbling

More than £46 billion was wiped off the stock market on Wednesday as fears over the health of the global economy caused the biggest dip in share prices for almost a year and a half.

In a blow to savers, the FTSE 100 fell 181 points, 2.8 per cent, to just 6212 - its lowest since the summer of 2013. Financial markets around the world experienced a similar plight. The market recovered slightly on Thursday morning, but is still almost 10 per cent down on its 6880 peak in early September.

Here, in no particular order, are some of the reasons...

Oct 16 07:59

Markets in turmoil as growth fears deepen: live

European Central Bank fires starting gun on "QE4" as markets tumble in another day of turmoil

Time for QE4?

15.45 The European Central Bank has give its clearest indication yet of when it intends to buy private securities under its Asset Backed Securities program (ABS).

Until now, the ECB has refrained from providing too many details about the size and timing of its 'QE-lite' but now governing council member Ewald Nowotny has hinted at the end of the year as the start of what's being dubbed as "QE4".

Oct 16 06:54

A bold forecast: Today was not the bottom

Oct 16 06:48

John Williams - We’re Coming to the End Game

John Williams, founder of ShadowStats.com, says, “The big factor here is the U.S. dollar and all sorts of things that impact that. The economy is probably the biggest. You also have the Fed policy. Right now, there is the presumption that the easing is over and they are going to raise interest rates. Guess what? If the stock market continues going as it is and the economy starts turning down, I think the Fed is going back to easing (money printing) again. They will use the economy as cover for its actions in trying to prop up the stock market and trying to prop up the banking system. The Fed’s primary function in life is to prop up the banking system. A weak economy is not good for the banking system.

Oct 16 06:21

Embracing A Long Term Agenda For A New Economy

On a crisp autumn day in 2012, I joined a group of pastors and community leaders from the Illinois-Indiana Regional Organizing Network (IIRON) at a church on the south side of Chicago. We talked about the way corporations and the wealthy systematically hoarded political power over the last forty years to make our country work for them—instead of people like us. They built elite think tanks, bought the media, and took over universities.

Oct 16 06:20

Ebola: A Symptom of Economic Inequality

Of the many strands that, woven together, make up one of the world’s greatest rivers, the Congo, there is one which enters the river’s main waters as the great river arches to its most northern latitude. Starting from the southeast regions of what is today the Democratic Republic of the Congo, it first stretches almost due north, its main artery referred to as the Lualaba. A ways beyond Kisangani and Bumba, the main branch, fed by hundreds of tributaries, lurches almost due west, making a gentle west-north-west arch until, past the rapids just after Kinshasa, it tumbles dramatically to the ocean past Goma.

Oct 16 06:06

Hollywood ousts homeless shelter with $4.8 million buyout

The city of Hollywood is paying $4.8 million to send a homeless shelter packing — and its founder too.

Under the deal, criticized by some as too generous, Sean Cononie, pied piper to hundreds of homeless, won't be able to return or set up a new shelter in Hollywood until the ripe age of 80.

Commissioners on Wednesday gave unanimous approval to the plan, which they feel will cleanse the city of unwanted vagabonds.

Oct 15 16:06

'Violent' stock market crash could be round the corner as hidden liquidity crunch 'blows up' in investors' faces, warns think-tank

A potentially 'violent' stock market crash could be on the horizon as financial markets become dangerously stretched, a think-tank has warned.

The Bank of International Settlements said that suspiciously low levels of volatility in the markets seen this year suggest a lack of liquidity that could trip up investors who assume they can dispense of assets when a sell-off begins.

Oct 15 15:42

If A Few Ebola Cases Can Make The Stock Market Crash This Much, What Would A Full-Blown Pandemic Mean?

Is Ebola going to cause another of the massive October stock market crashes that Wall Street is famous for? At one point on Wednesday, the Dow was down a staggering 460 points. It ultimately closed down just 173 points, but this was the fifth day in a row that the Dow has declined.

Oct 15 15:11

WTF Chart Of The Day: Treasury Trading Edition

Oct 15 13:52

Time to Make Corporations Pay Taxes They're Avoiding

Blue-ribbon corporations are deserting our country "to avoid paying taxes but expect to keep receiving the full array of benefits that being American confers, and that everyone else is paying for," Fortune magazine reports. That's right, Fortune wrote it; not Pravda.

In a scathing article titled "Positively Un-American" by Allan Sloan and published last July with too little fanfare, Fortune denounces "inversion"---the practice of corporations reincorporating in low tax-rate countries as Ireland (12.5%) to escape paying America's 35% tax rate.

Oct 15 13:31

Monsanto Losing Hundreds of Millions, Investors Pulling Out: End of GMO Giant to Come

Ladies and gentleman, the stage has been set since around early 2011 for Monsanto’s corruption to truly be exposed. An increasingly large number of intellectually powerful individuals have decided that they simply will not stand for the genetic manipulation of the food supply.

As a newsletter subscriber to NaturalSociety, you are one of these highly instrumental figures that has helped reveal the numerous ways in which mega corporations like Monsanto have thrown our health to the side and placed profits in front of people.

Oct 15 12:51

Chrysler recalls 184,215 Dodge and Jeep SUVs

Chrysler Group is recalling 184,215 crossover SUVs because the component that controls that air bags may be faulty.

Oct 15 12:51

Toyota recalls another 1.75 million cars

The largest of the three recalls, which mostly covers vehicles sold in Japan, is needed to fix a problem in the brake systems of select Crown Majesta, Noah and Voxy models, the company said in an email. In some cases, brake performance could begin to gradually degrade if the problem is not fixed.

Oct 15 12:48

What Options Are Left for Central Banks?

Oct 15 12:33

EBOLA/STOCKS CRASHING WORLDWIDE.

Oct 15 12:30

Trend Analyst: “If The Dow Drops Below 15,000… I Would Suggest People Start Buying Food & Ammo”

This thing went up on air, decade low trading volume, no public participation, and unprecedented company buybacks.

The rally since 2009 was stunning considering the fundamentals.

The meltdown will be shocking.

Oct 15 12:11

The Cycle of Poverty Spins Faster

Things have changed. For the worse. A single person earning a low wage cannot support him or herself, let alone a couple of kids. You’d never know it based on government statistics that now quote income averages based on family income, not worker income, as was once the case. If a family earns $40,000 a year because both parents are working at minimum wage in one or more jobs each and their teen has a paper route, that does not accurately reflect the state of the American worker.

As I write this, Walmart has announced that it will no longer provide health insurance to employees who work fewer than thirty hours, joining Target, Home Depot, Walgreens and Trader Joe’s in cutting hours and offering more part-time work in order to avoid the January 15 mandate.

Oct 15 11:41

'Sell everything and run for your lives'

Oct 15 11:31

Airline Stocks Tumbling After News Hospital Worker With Ebola Flew On Commercial Flight

News that a health worker diagnosed with Ebola flew on a commercial flight the night before showing symptoms raised fears on Wall Street that the scare over the virus could reduce air travel.

Shares of the biggest U.S. airlines tumbled between 4 percent and 6 percent in afternoon trading.

Oct 15 10:23

A Stunned Wall Street Reacts To Today's Epic Move

In the first 15 minutes of trading the S&P 500 E-Minis traded below the S&P 500 cash index despite a fair basis, according to Bloomberg, of -6.72. This is unheard of and something I have never witnessed in my near fourteen year career on the Street. I can only conclude that many large institutions threw in the towel on the Open in wake of the dislocations in not only stocks but also treasuries.

Oct 15 10:19

£42bn wiped off shares in FTSE fall

Oct 15 09:22

Italy lifts out of recession thanks to hookers, drugs

Italy learnt it was no longer in a recession on Wednesday thanks to a change in data calculations across the European Union which includes illegal economic activities such as prostitution and drugs in the GDP measure.

Webmaster's Commentary: 

Oct 15 08:05

CBS: Pefect Storm Growing In The Stock Market

Oct 15 07:21

Why We Should be Seething with Anger Over Inequality

Americans greatly underestimated the degree of inequality in our country and mainstream media is to blame for hushing up the perversity of redistributed national wealth. There is no one left to trust.

Oct 15 06:40

Dow Jones Industrial Average PLUNGES 350 at the open!

Oct 15 06:39

Richest 1% own 50 percent of world wealth- Credit Suisse report

World wealth has reached a record $263 trillion but is concentrated in fewer hands. The richest 1 percent have accumulated more wealth, and own almost 50 percent of it, which could trigger recession, according to a new report by Credit Suisse.

The Credit Suisse Global Wealth Report, released Tuesday warns that the “abnormally high wealth income ratios” may spark a recession, as high disparity leads to economic friction.

Global wealth has grown to a record $263 trillion in mid-2014, $20.1 trillion more, and an 8.3 percent increase, over mid-2013. Household wealth has more than doubled since 2000, when the same report calculated it at $117 trillion.

Oct 15 06:12

Russia may ban imports of fruits, vegetables from Ukraine

Russia’s agricultural watchdog Rosselkhoznadzor said Wednesday it may impose restrictions on imports of fruits and vegetables from Ukraine starting from Oct 21, according to RIA Novosti.

Russia suspects Ukraine of re-exporting EU agricultural products, banned by Russia in response to Western sanctions earlier this year.
Rosselkhoznadzor requested Ukraine to provide information about the country’s agriculture and harvest in various regions and “present other convincing guarantees that agriculture products, supplied to Russia, were produced in Ukraine” before Oct 21.

Oct 14 17:18

Richest 1% of people own nearly half of global wealth, says report

The richest 1% of the world’s population are getting wealthier, owning more than 48% of global wealth, according to a report published on Tuesday which warned growing inequality could be a trigger for recession.

According to the Credit Suisse global wealth report (pdf), a person needs just $3,650 – including the value of equity in their home – to be among the wealthiest half of world citizens. However, more than $77,000 is required to be a member of the top 10% of global wealth holders, and $798,000 to belong to the top 1%.

“Taken together, the bottom half of the global population own less than 1% of total wealth. In sharp contrast, the richest decile hold 87% of the world’s wealth, and the top percentile alone account for 48.2% of global assets,” said the annual report, now in its fifth year.

Oct 14 16:03

Federal Reserve Bank Admits Again That It Is NOT a Federal Agency

No More Federal than Federal Express

As we’ve reported for over 4 years, the Federal Reserve banks are private, not government agencies.

Indeed, the government admitted 86 years ago that the Fed banks are private. And the Fed has repeatedly reaffirmed this fact.

As Matt Stoller points out, they have just done so again … in the AIG trial.

Oct 14 15:37

9 Ominous Signals Coming From The Financial Markets That We Have Not Seen In Years

Is the stock market about to crash? Hopefully not, and there definitely have been quite a few "false alarms" over the past few years. But without a doubt we have been living throughone of the greatest financial bubblesin U.S. history, and the markets are absolutely primed for a full-blown crash.

Oct 14 15:13

Planet's Riches: 50% of world wealth owned by the 1%

A new report says the world's wealthiest 1% of people now own almost half of the planet's riches. That's a rise of almost ten percentage points from last year, indicating that global inequality is widening at an alarming rate.

Oct 14 15:02

France feels heat from EU over 2015 budget

French MPs will begin debating the country's 2015 budget on 2015 under the shadow of pressure from Brussels to make further cuts to reign back spending. Paris has demanded more "respect".

Oct 14 14:13

12 Charts That Show The Permanent Damage That Has Been Done To The U.S. Economy

not going to need a statistician to explain them to you...

Oct 14 13:33

Exclusive - G20 finalising flexible 'bail in' bond deal for big banks: sources

(Reuters) - The world's biggest banks may be able to count surplus capital towards new buffers of special bonds being imposed by regulators, two sources familiar with draft proposals said.

In order to secure a deal the regulators have agreed to a more flexible approach to cater for differences in banking models across the world, both sources said.

The proposed new rule for the world's biggest banks is part of a wider plan for making banks safer after governments had to shore up lenders during the 2007-09 financial crisis.

The new buffers, known as "gone concern loss absorption capacity" or GLAC, are being drafted by the Financial Stability Board (FSB), the regulatory task force of the Group of 20 economies, and at meetings this week there was progress on agreeing core elements for the G20 summit in November to endorse said the sources.

Webmaster's Commentary: 

Behind all the deliberate obfuscation what they are planning is to allow banks to grab deposits from savings accounts and replace them with special bonds, which will be worthless when the banks collapse anyway.

Oct 14 12:05

Wells Fargo Attorney & Appraiser Are Caught on Tape Dropping N*gger Bombs... What will Obama, Holder and Warren do?

Easily the most important video I have ever done. Please share it liberally because while they might hate blacks the most, they hate any of us who question them. In that sense we are *ALL* N_____, remember that my brothers and sisters.

Friday, October 10, 2014

"She's a Nigger!" Says Attorney Howard Apgar: A KingCast and Mortgage Movies Visit with Racist Wells Fargo Appraiser and Drug-Snorting Attorney Howard Apgar.

And what do you know... Phelan, Hallinan (featured in the video) was SANCTIONED for
Homeowner FDCPA abuse this year in a Precedential case. Check it out.

Oct 14 11:26

Richest 1% of people own nearly half of global wealth

The richest 1% of the world’s population are getting wealthier, owning more than 48% of global wealth, according to a report published on Tuesday which warned growing inequality could be a trigger for recession.

According to the Credit Suisse global wealth report (pdf), a person needs just $3,650 – including the value of equity in their home – to be among the wealthiest half of world citizens. However, more than $77,000 is required to be a member of the top 10% of global wealth holders, and $798,000 to belong to the top 1%.

Oct 14 11:07

Despite Ruble's Fall, Russians Trust Putin to Prevent the Worst

With the ruble down 18 percent against the dollar this year and sanctions chipping away at economic ties with the West, ordinary Russians might be forgiven for rushing to put their money in a nice, "safe" foreign currency.

Oct 14 10:58

How to Protect Public Revenues From the Next Meltdown

Concerns are growing that we are heading for another banking crisis, one that could be far worse than in 2008. But this time, there will be no government bailouts. Instead, per the Dodd-Frank Act, bankrupt banks will be confiscating (or “bailing in”) their customers’ deposits.

Oct 14 10:07

California will cancel Obamacare coverage for 10,000 over citizenship

California's health insurance exchange is canceling Obamacare coverage for 10,474 people who failed to prove their citizenship or legal residency in the U.S.

Covered California, the state-run insurance exchange, enrolled more than 1.2 million people during the rollout of the Affordable Care Act this year. For most consumers, the exchange said, it could verify citizenship or immigration status instantly with a federal data hub.

Oct 14 09:49

The Red Pill Truths About Your Long Term Unemployment

Digby Jones
Activist Post

Long term unemployment is not so much a reflection of your skills, attitude, and abilities. It’s more a reflection that human labor is being hollowed out...

Oct 14 08:53

Calculating the Grim Economic Costs of Ebola Outbreak

While thousands of health care workers seek to control the deadly virus in West Africa, and the Centers for Disease Control and Prevention and other medical professionals seek to prevent its outbreak in the United States, financial analysts and others have been trying to estimate — or “model,” in Wall Street parlance — the potential effect on the global economy.

The math is not pretty.

Oct 14 07:53

Saudis Dump Oil To Increase Leverage Over U.S. Middle East Policies

During the last years U.S. president Obama talked a lot about energy independence:

In his fifth State of the Union address on Tuesday, President Barack Obama celebrated the efforts his administration has made to cut greenhouse gas emissions, while also praising recent increases in domestic oil and gas production.

Obama said early in his address that there is now more "oil produced at home than we buy from the rest of the world," for the first time in two decades.

Obama did not say that the increase in U.S. fossil fuel production was only possible because international oil and gas prices had increased above the magic $100 per barrel equivalent. Below that price shale gas and oil extraction as well as oil production from tar sands are only marginally profitable or not profitable at all.

Oct 14 07:17

NIH pushing to vaccinate entire countries with Ebola vaccine

(NaturalNews) Everything that the alternative media has been warning about concerning the Ebola epidemic is now coming true, including that this latest disease scare would eventually be used by the U.S. government to push more drugs and vaccines on the gullible public.

The director of the U.S. National Institute of Allergy and Infectious Diseases (NIAID), a division of the National Institutes of Health (NIH), recently spilled the beans to members of the Canadian press about a major component of the government's agenda with this crisis: to vaccinate everyone.

Oct 14 07:12

German government slashes 2014, 2015 growth views

Germany slashed its growth forecasts for this year and next, citing a weak global economy amid a series of international crises, in a step that follows a slew of poor data for Europe's biggest economy.

Oct 14 07:11

Monsanto announces major losses after settling environmental suit

Biotech giant Monsanto announced major losses for their fourth quarter last week well below analysts’ expectations after spending millions settling an environmental suit.

The St. Louis, Missouri-headquartered company announced a loss of $156 million, or 31 cents per share, on Wednesday, 7 cents per share beyond what analysts surveyed by both Bloomberg and Zacks Investment Research had expected.

Oct 14 07:10

Swiss Gold Referendum “Propaganda War” Begins

The referendum for the Swiss Gold Initiative is scheduled for November 30th and the propaganda war - between the Swiss National Bank (SNB) and the Swiss Parliament on one side and the Swiss People's Party (SVP) on the other - has begun and we expect it to escalate as the day draws nearer.

Webmaster's Commentary: 

Three guesses who opposes the measure! And the first two don't count. :)

Oct 14 07:06

Foreclosures Surging in New York-New Jersey Market

The epicenter of the U.S. foreclosure crisis is shifting to New Jersey and New York, threatening a housing rebound in one of the country’s most densely populated areas.

Oct 14 07:05

Government To Investigate Chinese Firm's $2 Billion Purchase Of Waldorf-Astoria Hotel

U.S. officials said Monday they are reviewing the Oct. 6 purchase of the Waldorf by the Beijing-based Anbang Insurance Group, which bought the hotel from Hilton Worldwide for $1.95 billion. Terms of the sale allow Hilton to run the hotel for the next 100 years and call for "a major renovation" that officials say has raised eyebrows in Washington, where fears of Chinese eavesdropping and cyber espionage run high.

Oct 14 07:03

Russia’s two largest banks plan SWIFT alternative

The two biggest banks in Russia, Sberbank and VTB, are in talks to create an alternative to the SWIFT global system for interbank financial communications, VTB head Andrey Kostin said.

According to Kostin, Russia has two options: either use the system run by the Russian Central Bank or create a new homegrown transaction platform.

“There is an alternative, we can use the Central Bank system that is already in operation, and we may make our own, we are already in discussions with Sberbank,” Kostin told reporters in Washington DC, where he is for the annual fall meetings of the International Monetary Fund (IMF) and World Bank.

However, the catch with the Central Bank’s international transaction system is the price.

“It’s expensive, in fact several times more expensive than the SWIFT payment system,” the VTB head said.

Oct 14 07:02

Greece plans early exit from largest IMF rescue package in history

Athens has informed the International Monetary Fund (IMF) that it will end its obligations to the unpopular rescue program, which placed crippling austerity measures on the country, more than a year early.

Oct 14 06:58

Documents: Montreal is spending more than $100,000 in legal fees to defend anti-protest by-law

RELEASE: Leaked municipal government documents reveal that the City of Montreal is spending at least $100,000 for private lawyers to defend P-6 by-law

Oct 14 05:57

Americans face post-foreclosure hell as wages garnished, assets seized

Using a legal tool known as a "deficiency judgment," lenders can ensure that borrowers are haunted by these zombie-like debts for years, and sometimes decades

Oct 14 05:09

Italy loses billions in economic standoff with Russia, opposition leader says

The EU sanctions imposed on Russia have already cost Italy alone two billion euro due to Moscow’s retaliatory food embargo, the leader of Italian opposition party Matteo Salvini says.

Western sanctions on Russia are a “great foolishness" and the EU agricultural sector has already lost five billion euro, said European Parliament deputy and the leader of the Northern League opposition party Matteo Salvini.

He added that Brussels is only ready to provide 200 million in compensation.

Oct 14 04:41

This Is What Happens When Someone Is Desperate To Sell $750 Million Of Stocks

At 1532ET today (Columbus Day - with half the market absent), someone - apparently having waited to see if the almost 'ubiquitous' 330pm Ramp would occur - decided it was time to dump three-quarters of a billion dollars notional of US equity market exposure in 1 second. The results of this forced liquidation (or utter disregard for fiduciary duty) were as follows...

Oct 14 04:41

Disturbing mystery affecting your favorite news sites…

watchdog news websites are scratching their heads and trying to make sense of the latest data released by a California company that measures website traffic.

Oct 14 02:15

Richest 1% of people own nearly half of global wealth, says report

The richest 1% of the world’s population are getting wealthier, owning more than 48% of global wealth, according to a report published on Tuesday which warned growing inequality could be a trigger for recession.

According to the Credit Suisse global wealth report (pdf), a person needs just $3,650 – including the value of equity in their home – to be among the wealthiest half of world citizens. However, more than $77,000 is required to be a member of the top 10% of global wealth holders, and $798,000 to belong to the top 1%.

“Taken together, the bottom half of the global population own less than 1% of total wealth. In sharp contrast, the richest decile hold 87% of the world’s wealth, and the top percentile alone account for 48.2% of global assets,” said the annual report, now in its fifth year.

Oct 13 17:35

The United States is No. 1 — But in What? Military Expenditure, Weapons Export and International Violence

American politicians are fond of telling their audiences that the United States is the greatest country in the world. Is there any evidence for this claim?

Well, yes. When it comes to violence and preparations for violence, the United States is, indeed, No. 1. In 2013, according to a report by the Stockholm International Peace Research Institute, the U.S. government accounted for 37 percent of world military expenditures, putting it far ahead of all other nations. (The two closest competitors, China and Russia, accounted for 11 percent and 5 percent respectively.) From 2004 to 2013, the United States was also the No. 1 weapons exporter in the world. Moreover, given the U.S. government’s almost continuous series of wars and acts of military intervention since 1941, it seems likely that it surpasses all rivals when it comes to international violence.

Oct 13 13:09

Defying the dollar Russia & China agree currency swap worth over $20bn

The central banks of China and Russia have signed a 3-year ruble-yuan currency swap deal up to $25 billion, in order to boost trade using national currencies and lessen dependence on the dollar and euro.

Oct 13 12:47

US Slips to 12th in Economic Freedom

A new report of “economic freedom” around the world finds the US ranked 12th among 152 countries, tied with the United Kingdom, and lower than neighbor Canada or Australia. The index, published by the Cato Institute and Canada’s Fraser Institute, has been published since 1996. As recently as 2000, the US ranked 2nd in the world, in terms of boasting a free economy. The US’s declining ranking will lower future economic growth.

Oct 13 12:38

When Poverty Was the Enemy, Not the Poor

It has been 50 years since America launched the War on Poverty. The Economic Opportunity Act and legislation to outlaw racial discrimination were the centerpieces of President Lyndon B. Johnson’s vision to create a Great Society.

Today, rather than a war on poverty, we seem to have a war on the poor. Wealth inequality is growing. State support for education is withering. Social safety-net programs are under attack in Congress. Many Americans believe that if people are poor, it’s their own fault. The only “solution” for poverty that many people advocate is allowing companies to create jobs offering wages too low to support a family.

Oct 13 12:20

Yes, CEOs are ludicrously overpaid. And yes, it's getting worse

A new report produced by the TUC claims that we're in the middle of the worst pay squeeze since the 1860s, with real wages falling for the seventh year in a row. Not the best time for another report, by Incomes Data Services, to show that FTSE 100 directors have received a bumper 21 per cent pay increase over the past year. While their actual salaries only rose by 2.5 per cent, rising share prices and juicy bonuses saw their median pay packet reach £2,433,000. The typical CEO now rakes in £3,344,000, or 120 times more than the average UK worker.

The chart below, taken from the IDS report, compares the wages of the highest-paid director of each FTSE 100 company (which usually means the chief executive) with the average UK salary. It shows how, since 2000, bosses' salaries have increased almost six times more quickly than their workers'. (Pay packets at smaller companies, in the FTSE 350, have also risen much faster than ordinary wages, but not quite as spectacularly.)

Oct 13 11:54

What's Really Killing the World Economy

Turns out forgiveness can be a virtue when it comes to easing hard economic times, as well as other areas of life.

The world economy is still stumbling, Paul Krugman writes in his column today. Recovery is stalling. "If this story sounds familiar, it should; it has played out repeatedly since 2008," Krugman writes, somewhat depressingly. "As in previous episodes, the worst news is coming from Europe, but this time there is also a clear slowdown in emerging markets — and there are even warning signs in the United States, despite pretty good job growth at the moment."

Oct 13 11:47

Invisible Biometrics: Your Voice is Your New ID

Nicholas West
Activist Post

In a recent article, "In The Internet of Things YOU Will Be The Key," I outlined the many ways that the human body will become the next generation identification system. The move to give everyone a global unique ID that can be verified across nearly all human activity has been in the works for some time, with defense contractors such as Lockheed Martin becoming a global leader in biometric identification. The applications are pervasive.

The fear of identity theft and cyber-banking crime has been the latest sales pitch to encourage accepting identity tech such as facial recognition, iris scans, and fingerprinting - even tears - as well as their attendant databases. There is an ongoing cooperative effort between global banks and corporations to ensure that there will be standardized, centralized entry into the consumer/Internet/banking matrix of the future.

Oct 13 11:36

“De-Dollarization”: Iran, Russia Planning to Establish Joint Bank

Iran and Russia plan to establish a joint bank as an effort to multiply bilateral trade and bypass sanctions on the Islamic Republic’s banking sector.

Head of the Iran-Russia Joint Chamber of Commerce Asadollah Asgaroladi said that Tehran and Moscow are studying the possibilities of opening a new chapter in trade relations that could break the domination of Western currencies over bilateral exchanges.

“Since Russian banks fear the implications of working with Iran due to sanctions, we want to establish the joint Iran-Russia bank with the help of our central banks and private sectors,” Asgaroladi said.

“Such a bank would be able to exchange money between the two sides using rials and rubles and put aside dollars, euros and pounds,” he added.

Webmaster's Commentary: 

Very smart economic thinking, on the part of both Iran and Russia.

Oct 13 11:35

Federal Reserve’s Low Interest Rates Enable Washington’s Dysfunctions

Nowadays, many young people can’t start a decent career, are burdened with too much college debt, and are postponing marriage and children. More elderly are bagging groceries and busing tables, because they can’t get a decent return on savings and many have lost pensions.

Oct 13 11:24

Suddenly, We Have Problems

Oct 13 11:23

Gold Rises on Lower Dollar, Rate Hike Uncertainty

Gold rose on Monday as the dollar fell on uncertainty about how soon the Federal Reserve will raise interest rates and worries about the global economy reduced investor appetite for risk.

Oct 13 10:09

Russia dumping dollars to use to protect currency and falling oil prices

Despite the reassuring narrative from The West that Russia faces "costs" and is increasingly "isolated" due to sanctions for its actions in Ukraine, the most recent data suggests reality is quite different. First, capital outflows slowed dramatically in Q3 (from $23.7 billion in Q2 to $13 billion in Q3) with September seeing capital inflows for the first time since Sept 2013. Second, Russia's current account surplus was significantly stronger than expected ($11.4 billion vs $8.8 billion expected) driven by increased trade. Third, and perhaps most crucially, Russia paid down a massive $52.8 billion in foreign debt as Putin "de-dollarizes" at near record pace, reducing external debt to the lowest since 2012.

Webmaster's Commentary: 

(Sigh) it has become keenly apparent that the most sought-after capability for anyone working for this administration is their pathological inability to think any scenario through to its logical conclusion.

These anti-Russian sanctions appear to have blown up in the face of this administration like a really bad trick cigar.

It has forced China and Russia closer together economically, and caused the US dollar to be bypassed nearly completely in their trading.

And, in the midst of all this, let us not forget that instead of having a budget surplus, the US government has an extraordinary budget deficit, which does not appear to be getting addressed at any time in the near future.

Oct 13 10:01

Saudi Arabia's "Oil-Weapon" Hits Europe

We first exposed the "secret" US-Saudi deal in September which led to the inevitable bombing of Syria. We then progressed to explain the quid pro quo of the deal in lower oil prices (benefiting US consumers into an election and crushing Russian revenues). In today's Wall Street Journal we get the final piece of the puzzle as it is clear that what Saudi Arabia loses in 'price' it will make up in 'volume' as The Kingdom is taking the unusual step of asking buyers to commit to maximum shipments if they want to get its crude. Simply put, "they are threatening [European] buyers" to discontinue sales if they don't agree with the full fixed deliveries. The 'oil weapon' grows stronger...

Days after slashing prices in Asia, Saudi Arabia is now making an aggressive push in the European oil market, traders say.

The kingdom is taking the unusual step of asking buyers to commit to maximum shipments if they want to get its crude.

Webmaster's Commentary: 

So, the quid pro quo for slashing its prices was that the US was going to accomplish regime change in Damascus, ousting Al-Assad once and for all.

This bothers me tremendously, both morally and legally.

We are bombing a sovereign nation which has done absolutely nothing against the United States; we are destroying its oil infrastructure; its food infrastructure; and its civilian infrastructure (by bombing residential areas).

And why?!?

Ultimately, to force regime change in Teheran, something Tel Aviv and certain elements in DC want to see happen.

The P5+1 meetings regarding Iran's nuclear energy program are just for show, and I would almost bet real money that by the end of next month, there will be neither a viable agreement will be reached, nor a desperately-needed extension of these talks.

And again, members of our American military will fight, be killed outright, or maimed for live; all in the service of private, corporate, profit.

Oct 13 09:48

IMF PANIC & Risky Business

Oct 13 09:45

China, Russia Sign CNY150 Billion Local-Currency Swap As Plunging Oil Prices Sting Putin

One place where Russia has been hit the hardest as a result of tumbling oil prices, is the crashing currency, with the Ruble hitting new record lows against the USD on a daily basis. In fact, as Bloomberg reports, Russia has been forced to spend a whopping $6 billion in just the past 10 days to slow down the tumble of the RUB.

Russia’s central bank intervened in the past 10 days to stabilize the ruble, central bank Governor Elvira Nabiullina told lawmakers in Moscow today. The action, which comes as President Vladimir Putin orders a withdrawal of Russian forces from Ukraine’s border, has so far failed to halt the ruble’s decline amid a domestic foreign currency shortage stemming from sanctions. The cost of swapping rubles into dollars widened to a record.

Oct 13 09:36

James Rickards-Next Crash Exponentially Larger than Any Financial Panic in History

James Rickards, best-selling author of “The Death of Money,” says a huge financial panic is a mathematical certainty. Rickards explains, “It is a mathematical certainty, but I can take it further . . . what you don’t hear is this will be exponentially larger than any financial panic in the past. . . . The next time, the Fed is going to be in trouble. They are already insolvent on a mark- to-market basis. Each bailout gets much bigger than the one before. The Fed has a 10 foot seawall, and they are going to get hit with a 50 foot tsunami.”

Oct 13 09:34

Gold to Platinum Production and Price Ratios

Oct 13 08:36

Will The Fed Let The Stock Market Crash Before An Election?

Anyone in their position with the tools at hand would not have any other real option other than to buy stocks in whatever quantity is needed to reverse the selling and blow the shorts out of the water.

Since I'm writing this on Sunday evening, if the Dow Jones Industrial Average opens down 1,000 on Monday morning, I'm going to look very foolish. Such is the risk of being contrarian. So what's contrarian now--expecting a crash or expecting a bounce and rally?

Exactly what the sentiment consensus is right now is open to debate. Analysts expecting a stock market crash see those expecting a rebound as the consensus view. But if we look at various measures of sentiment such as the Put-Call Ratio and greedometer.com, we find elevated levels of fear over the past few weeks. The consensus can hardly be said to complacent when the VIX index is over 20.

Oct 13 08:32

Oil Price War Throws the Fed into Crisis Mode

It was only a matter of time until the evidence became irrefutable that the only way out of a global deflation on the order of the Great Depression was to address the fact that 571 U.S. billionaires simply don’t have enough hours in the day to spend adequate money to buy enough goods that would require the restocking of shelves, create new factory orders and thereby ramp up job hiring to keep a nation of 317 million people afloat.

A nation where the top 10 percent reaps more than 50 percent of the income is doomed to end up in the quicksand of deflation, dragging down the rich along with everyone else. The Federal Reserve’s timidity to address this reality since the crisis of 2008, as the national debt ballooned and its own balance sheet quadrupled, has now put it in a dire pickle at a most inopportune time.

Oct 13 07:55

ObamaCare Clusterfuck: Covered California gives no-bid contracts to cronies

Corrente readers could see this coming in May 2013: "California exchange spending and contractors exempted from open records law". I'm sure there are plenty of rationalizations for exemptions like that, but it's hard to think of any good reasons. And so we come to today's story from AP:

AP Exclusive: California gives no-bid health pacts

LOS ANGELES (AP) -- California's health insurance exchange has awarded $184 million in contracts without the competitive bidding and oversight that is standard practice across state government, including deals that sent millions of dollars to a firm whose employees have long-standing ties to the agency's executive director. ...

Oct 13 07:34

When the euphoria in flipping slows down: Culver City small home with large price tag. Sales volume continues to slow.

People have a hard time understanding that low interest rates in today’s market are largely a reflection of a negative outlook on the economy. Central banks around the world are more concerned about financial assets and the secondary impact on real estate is just that, secondary. The market took a beating last week and you get people saying “hey, at least rates will be low for that $700,000 crap shack!” This is the kind of isolated California logic that puts people into a bubble regarding macro trends. It is also the same kind of reasoning that caught so many people off guard during the last crisis.

Oct 13 07:31

Counterfeiting Trillions of Dollars in US Treasury Bonds And Other Crimes.

So the Bankers are allowed to take more than $405 billion a year from you because they can counterfeit Treasury bonds. The Federal Reserve has 21 primary dealers who handle Treasury transactions through the New York branch of the FED.

Is there any evidence that there are large amounts of fake Treasury bonds floating around? Yes. There is. There is a rather intriguing story from June 2009 about two Japanese men headed to Switzerland who were detained in Italy with 134 billion dollars in US Treasury bonds. The bonds turned out not to be genuine according to the US Treasury. It is illegal to possess counterfeit securities, but the men were sent back to Japan without being charged. Bloomberg did a story a few days later saying this was merely bizarre news.

Oct 13 07:20

Russia and China may agree on Western gas pipeline in 2015 – Medvedev

Russia and China may complete negotiations on building an additional natural gas pipeline to China, which will deliver energy via a western route by 2015, Russian Prime Minister Dmitry Medvedev said.

The final details on constructing the second pipeline will hopefully be agreed within the next year, Medvedev said at a meeting with his Chinese counterpart, Li Keqiang.

“We would like to come to an agreement in the next year,” the Russian Prime Minister said, but made no comment on any of the business details.

Oct 13 07:12

China will use gold and gold pricing to force global currency reset

On Sept. 30, statistician and economist Dr. Jim Willie was a guest on the Caravan to Midnight radio show to talk about current financial, economic, and geo-political events. During his three hour interview, Dr. Willie stated that one of the purposes behind China's creation of the new Shanghai gold exchange is to eventually take over global price controls for the monetary metal away from the Comex, and then force a global currency reset by raising the price of gold to its true or actual value.

Webmaster's Commentary: 

If the price of gold cannot be kept low, people will abandon the stock market and their savings accounts for the metal. Worse, the holders of gold commodities contracts will be unwilling to settle the contracts for the cash value if gold is heading up, and the sellers of those contracts, who printed and sold far more contracts than they have gold to cover, will default.

Oct 13 07:05

Ebola-related shares rally in premarket as Texas nurse tests positive

Shares of companies that are part of the growing effort to find an effective treatment for the deadly Ebola virus were sharply higher in premarket trade Monday, after a nurse who cared for the Ebola patient who died in Dallas last week tested positive for the disease.

Oct 13 06:54

Bankers caused crash and got away with it, says Carney: Bank of England chief says bosses should have paid a higher price

The Governor of the Bank of England last night launched a stinging attack on the bankers who caused the financial crisis and ‘got away without sanction’.

Mark Carney said the bosses of the banks behind the 2008 global financial crash should have paid a higher price for their errors.

Instead – despite facing limited social embarrassment – they were still on the ‘best golf courses’.

Speaking in Washington, Mr Carney said: ‘The individuals who ran the institutions got away with it. They got away with their compensation packages and without sanction.

‘Maybe they are no longer at the most esteemed table in society, but they are still on the best golf courses and that has got to change.’

Oct 13 06:52

Gold purchases limited to 5 grams in Ukraine

Googe Translate: National Bank of Ukraine (NBU) has amended its ruling stabilizing ?540, extending the restrictions imposed on the sale of foreign currency in cash for precious metals. Corresponding changes are fixed by the NBU on October 3 ?626.

Now, citizens will be able to fly in one banking institution during the workday precious metals for an amount equivalent of 3 thousand. UAH. In addition, the NBU has limited the issuance of bank metals with current and deposit accounts of clients at 15 thousand. UAH (equivalent at the official exchange rate) per day: so far this limitation applied only to cash foreign currency.

Oct 13 06:27

Suncor sneaks tar sands tankers into St. Lawrence and Great Lakes

A spill would have catastrophic effects on this waterway that millions of people rely on for drinking water.

Transport Canada and the government of Quebec approved these shipments without a thorough environmental assessment, public consultation and free, prior and informed consent of indigenous communities and municipalities. The Council of Canadians opposes these shipments because of the risk they pose to the Great Lakes and St. Lawrence River Basin. Many other organizations, communities and First Nations are also deeply concerned about the threat of bitumen shipments on the Great Lakes and St. Lawrence River. These shipments set a dangerous precedent and present an increased threat to the waters of the Basin.

Oct 12 18:37

"Prepare For Runs", IMF Warns Policymakers Of "Elevated Financial Stability & Liquidity Risks"

The IMF is worried...

Policymakers and markets need to prepare for structural higher market volatility. Doing so requires strengthening the system’s ability to absorb sudden portfolio adjustments, as well as addressing structural liquidity weaknesses and vulnerabilities.

Advanced economies with financial markets at risk for runs and fire sales may need to put in place mechanisms to unwind funds should they come under substantial pressure that threatens wider financial stability.

Oct 12 18:25

Top bosses’ pay soars 20% while staff feel the squeeze: Boardroom executives at FTSE100 companies now earn average of £2.4million

Boardroom executives at FTSE100 companies pocketed huge bonuses, according to a survey published today by pay research group Incomes Data Services (IDS).

These helped push their average total earnings to £2.4million – 21 per cent higher than last year. The staggering sum is almost 100 times higher than the national average wage of £26,500 per annum.

Oct 12 13:22

The Lie Machine — Paul Craig Roberts

screw the little people. protect the monied interests. get kick-backs. SSDD

Oct 12 10:04

Jim Rickards: China Wants The SDR

Oct 12 08:05

As Monday Looms, Experts Warn Japan's Half-Trillion Dollar Fat-Finger-Trade "Could Absolutely Happen" In The US

Just over a week ago, the Japanese stock market participants were stunned when stock orders amounting to a whopping $617 billion (yes Billion with a B) - more than the size of Sweden’s economy - were canceled for reasons still unknown in what was one of the biggest 'fat finger' trading errors of all time. Since then, US equity markets have suddenly become notably more volatile - and fallen significantly, VIX has seen odd intraday 'spikes', S&P futures saw the very odd 'satan signal', and USDJPY has suffered its worst losses in 3 years. This raises the question of whether US market microstructure is any better than Michael Lewis' Flash Boys' book describes.. (as we head into a bond market holiday, dismal liquidity, and a potential Black Monday), “That could absolutely happen here,” Tabb Group's Larry Tabb warns Bloomberg.

Oct 12 07:40

Bob Herbert Tells Bill Moyers How Corporations and the Big Banks Have Hijacked the Country

Three years ago, reporter and former New York Times columnist Bob Herbert took to the road and traveled across the United States to gather research for his new book, Losing Our Way. In it, Herbert tells the stories of the brave, hard-working men and women he met who have been battered by the economic downturn. He found an America in which jobs have disappeared, infrastructure is falling apart and the “virtuous cycle” of well-paid workers spending their wages to power the economy has been broken by greed and the gap between the very rich and everyone else.

Oct 12 07:40

Mass protests slam US-EU trade deal as 'corporate power grab'

Tens of thousands of people are flooding the streets of cities all over Europe on Saturday in mass rallies against a controversial trade agreement between the US and the EU.

Talks on the pact, called the Transatlantic Trade and Investment Partnership (TTIP), started last February and, having been mostly held behind closed doors, have raised widespread concerns in the European Union and beyond.

Social networks have been mobilized for a mass campaign that has been calling on Europeans and Americans to take action against “the biggest corporate power grab in a decade.”

Oct 12 07:39

Senator: Valerie Jarrett Was Involved in IRS Scandal

Republican Kansas Sen. Pat Roberts said Friday that he thinks the IRS targeting scandal was driven by Valerie Jarrett’s office in the White House, according to information that he saw that Democrats tried to “whitewash.”

Roberts told talk radio host Hugh Hewitt that he participated in a Senate Finance Committee investigation into the IRS scandal but “the effort was made by the majority, by the Democrats in the Congress, to simply end that investigation,” which he called a “whitewash.”

“I’m convinced that even Valerie Jarrett was involved,” Roberts said.

Oct 12 07:32

History Repeats Itself? The American Empire Mirrors The Fall Of The Roman Empire

The Roman Empire lasted 500 years but the American Empire may not surpass 300 years

Oct 12 07:20

Britain will run out of electricity unless it axes green target, warns ex-Minister

Former Environment Secretary Owen Paterson will this week deliver a stark warning – that Britain will 'run out of electricity' unless it abandons its main green energy target.

Mr Paterson, who was sacked from the Cabinet in this summer's reshuffle, will argue in a lecture that the target enshrined in the Climate Change Act – which binds the UK to reducing emissions by 80 per cent by 2050 – is unaffordable.

He will go on to say that the current energy policy is a 'slave to flawed climate action', and warn that 'in the short and medium term costs to consumers will rise dramatically'.

Oct 11 19:27

Britain and America to hold 'war games' to test reaction to bank collapse

Britain and America will hold 'war games' next week to test their response to the collapse of a major bank on either side of the Atlantic.

Chancellor George Osborne and Bank of England governor Mark Carney will join US Treasury Secretary Jack Lew and Federal Reserve chief Janet Yellen in a Washington war room on Monday.

The simulated exercise will look at two scenarios – a major US bank with UK operations at risk and a major UK bank with US operations about to go under.

Oct 11 15:07

US approves pricey $1,125 hepatitis C pill

price is set at $94,500 for a 12-week course

Oct 11 09:40

Did Oil's Decline Take the Stock Market Down?

Oct 11 08:53

Details of How Mandatory Ebola Vaccines Will Soon Be a Reality

What I learned from the meeting is that 0ver the next several days, the public is going to see several journalists revealing both classified and non classified material l related to the Ebola outbreak, and the subsequent deliberate spreading of Ebola through governmental inaction. The American people are also going to hear about operational details about how the government plans to deal with the Ebola outbreak.

Webmaster's Commentary: 

The big pharmaceutical corporations are already drooling over the coming tsunami of cash, and indemnified by the Homeland Security Act and the "Fast track" legislation, are about to foist a whole array of unproven and possibly dangerous concoctions on a gullible public. We have seen these manufacturers make some pretty bad mistakes in the past. The recent "epidemics" of measles and mumps overwhelmingly hit children who had received the MMR vaccine. Those who had not had the vaccine suffered much lower infection rates. The current Enterovirus outbreak is primarily hitting the children who had the "Triple whammy" of the MMR, Seasonal Flu, and polio vaccines. The symptoms of this illness are very close to those of polio, including permanent paralysis and some deaths, and may be a repeat of the disaster in India in 2011 in which a polio vaccine triggered polio symptoms such as permanent paralysis in 47,500 patients. India is now suing the promoters of the polio vaccine campaign.

In 1976 there was an outbreak of Swine Flu in the United States and the US Government ordered mandatory vaccinations, which had to stopped when it turned out the vaccine was killing 50 times as many people as the flu itself. During a more recent Swine Flu scare, the vaccines triggered an epidemic of Guillain-Barre syndrome. The 2009 "When Pigs Fly" flu was declared a pandemic by the World Health Organization, only after it artificially lowered the threshold of number of cases needed to make that headline-grabbing claim. People were stampeded into purchasing Tamiflu. Later studies showed that Tamiflu was no better at dealing with the flu than ordinary acetaminophen!

Today the big money is in the HPV vaccines, supposedly administered to prevent Cervical cancer, and given to girls (and oddly enough boys) too young to engage in sexual activity, and requiring an additional shot when they reach maturity. One of the most popular HPV vaccine, Gardasil, has harmed a great many patients, with symptoms that include sterility! Many nations, such as Japan, are dropping support for mandated HPV shots.

Fraud is rampant in the vaccine industry. In one case a researcher "testing" a new HIV vaccine spiked the test samples with HIV antibodies to make it look like the vaccine was working.

For a long time, parents of children who developed autism following the 36 vaccinations now recommended for children claimed there was a link between the vaccine and autism, most likely tied in with the mercury based preservative Thimerosal. But in 2004 the CDC released a report claiming that no link was found between MMR vaccines and autism. More recently, one of the doctors who worked on that report for the CDC, William W. Thompson, has blown the whistle that the CDC rigged the 2004 study to protect the vaccine industry profits. Despite this revelation, the orthodox medical establishment still cites the 2004 CDC report to assure parents that vaccines do not cause autism. The US has an autism rate of 1 child out of every 68, higher than any other nation on Earth. It is worth noting that among the American Amish, who refuse vaccines for religious reasons, the rate of autism is1 in 10,000.

Back in 1918, at the end of WW1, a pandemic swept the globe ultimately killing more people than had died in the war itself. The public was told it was a "Spanish" flu to obscure its real origins in a series of vaccine trials at Camp Funston (now Fort Riley) in the US, from which it spread to the rest of the globe with the deployment of infected US troops.

So now the same corporations that did all the above (and even worse) along with the same government that lied to you about the Spanish Flu, Saddam's nukes, and the 2004 CDC autism study want to make a fast buck selling you a miracle cure for one of the most deadly diseases known to humans, and expect us to trust them when they start pumping who knows what into our arms.

I don't think so!

Oct 11 08:11

Gold And Silver – An End Still Not In Sight

Oct 11 07:58

Fracking Setback in Poland Dims Hope for Less Russian Gas

Poland’s ambition to achieve energy independence from Russia is being undermined by drillers giving up on the nation’s shale wells after disappointing results.

The highest test flows during the country’s five-year search for unconventional gas were just 30 percent of what’s needed for commercial production, said Pawel Poprawa, a geologist at the AGH University of Science and Technology in Krakow. The number of active shale permits has fallen 43 percent from a high in January 2013 and explorers probably won’t extend all those expiring this year, according to Slawomir Brodzinski, the nation’s deputy environment minister.

Oct 11 07:51

"De-Dollarizing" Russia Pays Down Near-Record $53 Billion In Debt In Third Quarter

espite the reassuring narrative from The West that Russia faces "costs" and is increasingly "isolated" due to sanctions for its actions in Ukraine, the most recent data suggests reality is quite different. First, capital outflows slowed dramatically in Q3 (from $23.7 billion in Q2 to $13 billion in Q3) with September seeing capital inflows for the first time since Sept 2013. Second, Russia's current account surplus was significantly stronger than expected ($11.4 billion vs $8.8 billion expected) driven by increased trade. Third, and perhaps most crucially, Russia paid down a massive $52.8 billion in foreign debt as Putin "de-dollarizes" at near record pace, reducing external debt to the lowest since 2012.

Oct 11 07:21

Why Oil Is Plunging: The Other Part Of The "Secret Deal" Between The US And Saudi Arabia

Two weeks ago, we revealed one part of the "Secret Deal" between the US and Saudi Arabia: namely what the US 'brought to the table' as part of its grand alliance strategy in the middle east, which proudly revealed Saudi Arabia to be "aligned" with the US against ISIS, when in reality John Kerry was merely doing Saudi Arabia's will when the WSJ reported that "the process gave the Saudis leverage to extract a fresh U.S. commitment to beef up training for rebels fighting Mr. Assad, whose demise the Saudis still see as a top priority."

Oct 11 07:20

Russia dumping dollars to use to protect currency and falling oil prices

As the United States expands its proxy war against Russia and the BRICS nations through a newly discovered secret deal with Saudi Arabia to force down global oil prices, Russia is firing back to this monetary attack against their currency and economy.

Oct 11 07:02

Critics to Obama: 'Draconian Cuts' Have Been to US Public Services, Not War Budget

President Obama's comments on Wednesday that U.S. military spending is under threat of "draconian" cuts were met with immediate rebuke from analysts, who say the poor are bearing the brunt of austerity while the war budget remains largely untouched.

Webmaster's Commentary: 

And that is a major reason this nation is not really prepared to handle an Ebola outbreak here!

Oct 10 19:09

Map of Every Country's Highest-Valued Export

Oct 10 17:36

Fear Spreads As Global Economy Slows

Oct 10 15:33

Wall Street’s worst day of the year

The stock market had its worst day of the year Thursday, just 24 hours after recording its best.

Oct 10 15:10

Is Obama Being Threatened by US Hawks with ‘Security Risks’?

Is there something more significant to the rash of disclosures than mere incompetence among the president’s security detail? Are powerful people within the US government perhaps trying to send Obama a grim warning?

We should bear in mind that the US-led military intervention in Iraq and Syria and the growing confrontation with Russia over Ukraine seem to have entered a critical phase. The US military-industrial complex is pushing for a full-scale and relentless intervention in the Middle East, as well as ever-increasing tensions over Ukraine by goading the reactionary Kiev regime into antagonizing Russia.

With billions of dollars at stake from arms sales, business reports have noted that America’s top weapons companies, such as Lockheed Martin, Northrop Grumman and Raytheon, are soaring in their stock market values. Every fighter jet sortie in Iraq and Syria, every missile launched, every warship despatched to the Black Sea is rallying stupendous profits for these companies.

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