ECONOMY

Apr 14 09:37

Dumping the Dollar: Russian oil firm Gazprom Neft says Asian buyers willing to use euros

Russian state-controlled oil producer Gazprom Neft said it had received positive responses from Asian clients about the possibility of using euros as a settlement currency instead of the dollar.

Company head Alexander Dyukov said this week Gazprom Neft had broached the idea of dropping the dollar, traditionally the currency of choice for the global energy sector, in response to a possible new round of Western sanctions over Russia’s annexation of Crimea.

He said the company had discussed with buyers the possibility of switching contracts to euros and that 95 percent had said they were ready to do it. Gazprom Neft ships around 30,000 barrels per day of oil eastward.

Webmaster's Commentary: 

The Russians may well crash the US economy and the US dollar without firing a shot, if this moves forward.

Apr 14 09:37

How To Get a Job Despite the Economy

An entire new feedback loop of accreditation is necessary in the economy we have, and fortunately that feedback is within our individual control.

And what characterizes the economy we have?

It's bewildering because nothing works like it's supposed to. For example, getting a college degree was supposed to guarantee a good job and an 80% lifetime wage premium over people without college degrees.

Apr 14 08:18

Lawmakers, Utah sheriffs want to rein in renegade BLM, Forest Service officers

SALT LAKE CITY — Multiple rural county sheriffs from Utah testified Thursday about the abusive use of police power by Bureau of Land Management rangers or forest protection officers with the U.S. Forest Service.

They are asserting it is time to rein in the authority the agencies should have never been allowed to exercise.

Apr 14 08:06

Overflowing U.S. Private Prisons, by the Numbers (w/Infographic)

Joe Wright
Activist Post

The predatory corporate prison enterprise aims to privatize profits and socialize losses. This combination has led to a situation where correctional facilities have only one incentive: ensure that new bodies arrive as fast as possible, and keep them in a state of indentured servitude for as long as possible.

As you'll see, the bodies are indeed arriving quickly to fill the coffers of those who are reaping massive profit from caging as much of the public as they can get away with...

Apr 14 07:58

Insiders Tell All: Both the Stock Market and the SEC Are Rigged

Since bestselling author Michael Lewis appeared on 60 Minutes on March 30 to promote his new book, “Flash Boys,” and explained how the U.S. stock market is rigged; and Brad Katsuyama, the head of IEX, an electronic trading platform who plays a central role in the Lewis book, did the same on CNBC a few days later, the debate has gone viral.

But Lewis and Katsuyama were not the first to blow the whistle on rigged U.S. stock markets. Sal Arnuk and Joseph Saluzzi, Wall Street insiders and co-founders of Themis Trading LLC literally wrote the book on “Broken Markets” in 2012 and have been exposing details of the rigging on their blog ever since.

Apr 14 07:52

Jim Rickards: Money Printing Will Destroy Confidence At Some Point

In a recent online presentation organized by bullion service provider GoldCore, Jim Rickards explained the current economic environment and what it means to gold investors. His main premise is that central bank intervention is very destructive in the long term and that there is no economic recovery. Gold investors should keep part of their wealth in physical form, not as an investment, but rather as wealth protection.

Apr 14 07:52

Russia Hints At Ushering In A New Gold Backed Ruble

This action comes in response to JPMorgan entering the economic battlefield and blocking Russian wire transfers.

Apr 14 07:48

BLM Selling Out America

Real estate expert Fabian Calvo thinks the recent standoff between the Bureau of Land Management (BLM) and Nevada cattle rancher Cliven Bundy is about much more than grazing rights. Even though this standoff is over, we find out It’s really about sweetheart deals for federal land. Calvo says, “The hair on the back of my neck stood up when I was doing research for this and speaking to some of my contacts on Wall Street. The BLM is part of the Department of the Interior, and look at what they have been doing? Through the BLM, the Department of the Interior has been confiscating land and going after land, for example, in the high desert in California and all over the place. What I am hearing is they are categorizing this land for future collateralization or to sell off. In the Weimar (Germany) hyperinflation, after the hyperinflation, what did they back their currency with? They backed it with mortgages and they backed it with land.

Apr 14 07:47

Reports: Company Tied to Reid's Son Wants Land in Bundy Standoff

The Nevada rancher who forced the federal Bureau of Land Management to back down last week may have been targeted because a Chinese solar company with ties to Sen. Harry Reid's son wants the land for an energy plant, several websites report.

Apr 14 07:47

Australian shares are being manipulated, say researchers

Market manipulation appears to be rife on the Australian sharemarket when compared to other major markets around the world, according to the country's leading market researchers.

The dramatic price spikes which occur just before the markets close at 4pm – the strongest proxy of market manipulation – are being used to boost bonuses for rogue fund managers, the researchers claim.

Apr 14 07:45

Russia Declares War on U.S. Dollar

Through Gazprom, Russia is openly declaring war on the U.S. dollar and its long-standing role as the settlement currency in global oil transactions. Ukraine is yet another proxy war for the U.S. and Russia. Now, however, the long knives are coming out.

Apr 14 07:32

Secret anti-BDS meeting held in UK capital

The British capital has hosted a secret meeting attended by 25 countries to counter international calls to boycott Israeli regime’s products.

The meeting, which was held in London this week, lasted for three days and was attended by UK's former Parliamentary Undersecretary of State for Foreign and Commonwealth Affairs Alistair Burt and the Israeli Intelligence Minister Yuval Steinitz, UPI reported on Friday.

The report said the participants included the United States, Australia, and Canada, in addition to a number of European states.

Apr 14 07:27

Another Phony Budget Debate

Anyone watching last week's debate over the Republican budget resolution would have experienced déjà vu, as the debate bore a depressing similarity to those of previous years. Once again, the Republicans claimed their budget would cut spending in a responsible manner, while Democratic opponents claimed the plan's spending cuts would shred the safety net and leave vital programs unfunded. Of course, neither claim is true.

The budget does not cut spending at all, and in fact actually increases spending by $1.5 trillion over ten years. The Republicans are using the old DC trick of spending less than originally planned and calling that reduced spending increase a $5.1 trillion cut in spending. Only in DC could a budget that increases spending by 3.5 percent per year instead of by 5.2 percent per year be attacked as a "slash-and-burn" plan.

Apr 14 07:20

Russia, Kazakhstan and Belarus to have new joint currency by 2025

In May 2014, presidents of Russia, Kazakhstan and Belarus will sign an agreement on the establishment of the Eurasian Economic Union. Sections 9 and 11 the agreement, the draft of which is available on the official website of the Russian Ministry for Economic Development, are devoted to the joint monetary policy and financial markets. During the first stage, it is planned to set up an advisory board of the heads of central banks of participating states. The banks would be responsible for the rate of national currencies, regulation of banking and insurance activities and the harmonization of the securities market.

Apr 14 06:56

Greece: Can It Get Even Worse?

While the German public opinion, courtesy of the debate in the run up to the next political elections, is discovering the fact that Greece will be needing a third bail out, a team of economists from the US – based Levy Institute describes how things look like from the side of Greece.

The Levy Institute economists start by observing that the changes in government revenue and expenditure which are projected for the next years in the latest troika reports are far too optimistic. The key problem is that the internal devaluation of wages is not working and will not produce export growth any time soon. This implies that the scenario the troika is counting on will not materialise: Employment and unemployment trends will not turn the corner shortly and the public deficit will not be reduced down to near zero by 2016.

Apr 14 06:10

The Bears Are Back

Apr 14 01:32

President Vladimir Putin’s letter to leaders of European countries

President Putin and Foreign Minister Sergei Lavrov are proving to be rational leaders and true statesmen compared to their pathetic counterparts in the US, France, Germany and Britain. The US Foreign Policy is irrational.They want countries to be subservient to them and they don’t want Israel’s actions or ambitions questioned in the Middle East.

Apr 13 22:48

Greek PM rejects talk of Greece needing third bailout

Fresh on the heels of Greece floating a sovereign bond for the first time since the economic crisis began four years ago, Prime Minister Antonis Samaras had to reject talk that a third bailout will be needed.

Apr 13 22:39

Greek police and protesters clash over Sunday trading

Greek police have clashed with demonstrators protesting against a government requirement to open shops on Sundays in the capital of Athens.

Apr 13 19:27

Chicago Land: Man pulls sub-machine gun over a 22-cent Pepsi sales tax dispute

A Chicago man is under arrest after pulling a submachine gun on store owners after he became upset at having to pay 22-cents sales tax on his purchase of a two-liter bottle of Pepsi.

Apr 13 15:33

Keiser Report: Petrodollar vs Petroyuan

Apr 13 14:27

Washington Is Humanity’s Worst Enemy — Paul Craig Roberts

How does Washington get away with the claim that the country it rules is a democracy and has freedom? This absurd claim ranks as one of the most unsubstantiated claims in history.

There is no democracy whatsoever. Voting is a mask for rule by a few powerful interest groups. In two 21st century rulings (Citizens United and McCutcheon), the US Supreme Court has ruled that the purchase of the US government by private interest groups is merely the exercise of free speech. These rulings allow powerful corporate and financial interests to use their money-power to elect a government that serves their interests at the expense of the general welfare.

The control private interests exercise over the government is so complete that private interests have immunity to prosecution for crimes. At his retirement party on March 27, Securities and Exchange Commission prosecutor James Kidney stated that his prosecutions of Goldman Sachs and other “banks too big to fail” were blocked by superiors who “were focused on getting high-paying jobs after their government service.”

Apr 13 12:48

Diplomat who won EU exit essay prize silenced by government

After he picked up an £80,000 prize for an essay on how Britain could leave the European Union, Iain Mansfield was poised to become a new, intellectual voice in the media debate on the issue.
There was one snag, however. Mr Mansfield is a civil servant and his essay appears to have been rather too well-argued for his employer, the UK Government, which remains committed to staying within the EU.

Having accepted the prize at a ceremony in Westminster on Tuesday evening, Mr Mansfield was told he was banned from giving media interviews. His regular blog on economic affairs also appears to have been removed from the internet.

Apr 13 12:38

C'mon Janet, Do It Already!

Apr 13 11:19

Meltdown America

Watch the full documentary at http://www.caseyresearch.com/lg/meltdown-video

Apr 13 10:44

THE RISE OF PUTIN AND THE FALL OF THE RUSSIAN-JEWISH OLIGARCHS

Watch this all the way through and draw your own parallels between Russia and her oligarchs and America today and her Wall Street types. This is truly a amazing movie with interviews with the oligarchs and others who directly speak to their actions and hubris at the time. We hear about Putin and the Oligarchs as if it were a bad thing. America should pay heed to what was done to remove these creatures from power and follow suit in whatever way is most effective for this Western culture.

THEN tell me you would NOT like a Putin type to set your country free from such individuals!

Apr 13 09:50

The Global Banking Game Is Rigged, and the FDIC Is Suing Posted by Ellen Brown

Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps; and the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it. According to an SEIU report:

Apr 13 09:45

The Global Banking Game Is Rigged, and the FDIC Is Suing

Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps; and the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it.

Apr 13 09:27

Stocks dive as Russia abandons U.S. dollar

The stock market dive Friday that brought the Dow Jones Industrial Average to near 16,000 and the Nasdaq to below 4,000 might reflect an accelerated move by Russia away from the petrodollar in retaliation for the Obama administration’s threatened economic sanctions over Russia’s takeover of Crimea.

Russia’s politically motivated attack on the petrodollar could trigger a major U.S. stock market collapse amid a global loss of confidence in the dollar caused by the Federal Reserve’s continuing policy of buying billions of dollars monthly in U.S. Treasury debt.

Apr 13 07:03

Top Economists Explains the Source of Our Economic Struggles

Top economists Joe Stiglitz, Simon Johnson, Michael Hudson, Herman Daly – and savvy folks such as Colonel Lawrence Wilkerson, John Perkins, Jillian Tent and Max Keiser – provide one of the hardest-hitting pictures you’ll see anywhere in the documentary “Four Horseman”:

Apr 13 06:57

China and Australia to Hasten FTA (Free Trade) negotiation. Wants an agreement quickly. Sydney to be an Official Yuan trading exchange.

China and Australia have been in FTA (Free Trade Agreement) negotiations since 2005. Now China and Australia are rushing and get an agreement set between them.

Besides the FTA between them. It was announced Yesterday Sydney Australia will be an international Yuan trading exchange.

Australia and China have agreed to enhance offshore market development of the Renminbi

Once the arrangements are finalised, it will place Sydney alongside Hong Kong, Singapore and Taiwan as an official trading hub for the yuan, the Australian Financial Review reported.

The only questions left are: How much longer does the dollar have? How soon will Russia, China, Middle East, and Australia drop the dollar completely for trade between them?

Apr 13 05:39

RON PAUL TARGETED BY THE IRS

For years, people have joked that the three most feared letters in the English language may well be these . . .

I – R – S.

But today, I’m not laughing.

Just days ago, the IRS handed Campaign for Liberty a hefty fine and DEMANDED we turn over sensitive contributor information.

http://12160.info/page/ron-paul-the-toughest-letter-i-ve-ever-had-to-send

;

Apr 13 05:18

This Guy Is Raising an Army to Get Big Money Out of American Politics

On the 26th February, Kai Newkirk spoke before the US Supreme Court. The 33-year-old isn't a lawyer and he had not been called to testify. At the time, the court was running through oral arguments in a mundane patent case.

Newkirk, a longtime labour and environmental activist who cut his teeth in the global justice movement, was just another gentleman in the crowd – until he stood up and gave the justices a piece of his mind.

Apr 13 03:12

Dozens hurt in Rome anti-government protest

Police fired tear gas and made a number of arrests in Rome on Saturday as an anti-government protest turned violent, leaving several injured, according to medics and an AFP photographer.

Apr 12 19:24

Monsanto Terminator Seeds and RoundUp Herbicide in Afghanistan: The Destruction of Agriculture

....As part of efforts to eradicate poppy cultivation across the country, the United States insisted that Kabul sidestep health studies and sign off on an unpopular plan to spray millions of dollars worth of Monsanto’s “RoundUp” glyphosate herbicide across Afghanistan’s countryside. It should be noted that before NATO’s intervention in Afghanistan in 2001, poppy cultivation was nearly eradicated under the Taliban.

In addition to fears that the mass spraying of Afghanistan’s countryside could negatively impact the health of the Afghan people, there were also fears that licit crops could also be destroyed, leaving farmers with failed harvests, anger, and a willingness to further align themselves with armed tribesmen, including the Taliban.

For America’s overarching plan, the eradication of licit crops alongside poppy was ideal. That is because while Monsanto RoundUp herbicide was to be sprayed indiscriminately over the heads of Afghans, its genetically modified, RoundUp Ready terminator seeds were to be sown beneath their feet. The Nutrition and Education International (NEI), a front set up by Western agricultural monopolies, set out to replace Afghanistan’s traditional crops with both Monsanto’s genetically engineered RoundUp Ready soybeans, as well as copious amounts of RoundUp ready herbicide.

Apr 12 14:34

You can’t eat gold… but it’s portable, easy to trade and confiscation-proof

If you’ve conducted even a preliminary investigation into the global economic situation you’ve likely concluded that something isn’t right. As noted previously, all of the evidence points to serious economic failure in the very near future as our day of reckoning approaches.

Apr 12 13:34

Filthy, deadly mayhem in India

Graham Peebles highlights the debilitating effects of pollution in India, arguing that it is time to end the official corruption and complacency that is turning India into the world’s biggest sewer.

Apr 12 10:58

The Corporate Colonization of Afghanistan

Ulson Gunnar
Activist Post

A recent TIME Magazine article featured the “US NGO” Roots for Peace, which it portrayed as a victim of a regrouping Taliban bent on subjugating a newly “democratized” Afghanistan. This organization, funded by the US State Department and USAID, claims to be turning “battlefields into bountiful orchards.” But a lack of transparency makes it unclear as to just how they are doing this. With USAID using “aid” to usher in the corporate colonization of Afghanistan through other “NGOs,” its involvement with Roots for Peace raises warranted suspicions.

Apr 12 10:08

Doctor Doom & The Fiat Money Empire

Almost openly now, the long-running attempt to kick the price of gold down, and keep it down to Save the Money and stoke further frenzied and unreal price growth of equities has overreached. The fiat money empire is more threatened, today, than for decades and the train has hit the buffers. Speaking on CNBC this week, the veteran market expert Marc Faber ­ often ridiculed by business media as a Doctor Doom who always exaggerates ­ was given more respect than he normally gets. There were no you-said-it-before jibes when he said a 1987-style “pure financial” market crash is coming. Leading the way, he said, the insanely-overpriced Internet and Biotech stocks will be the first to go. Apart from what he called “cloud cuckoo” stock and asset prices, the basic upstream trigger are the antics of the US Fed, which like other central banks has upped the ante to the point where, Faber said, anybody can see the Fed is a “clueless organization”.

Webmaster's Commentary: 

Please don't panic: prepare, the best you can.

Currency controls are most likely coming in this country, and I would be willing to bet money on this. So please; have no more money in your bank account than you absolutely need to pay the bills. Keep the rest of it under your own control. Buy small amounts of gold and silver, well under the radar of it being traced or surveilled. Figure out what skills you have to barter for goods and services you will need.

Because we may well be looking at Wiemar-style hyperinflation in the US in very short order, you absolutely need to be prepared when the excrement hits the ventilation system.

Apr 12 09:50

$1,000-a-Day Hepatitis C Miracle Drug Gets a Major Price Cut, Just Not In the U.S.

India, Egypt and Brazil have secured access to Sovaldi, the incredibly effective, but also incredibly expensive hepatitis C treatment, for one percent of its cost in America. The 12-week treatment program that runs U.S. insurance companies $84,000 per cycle, will be just $840 in those nations. Burma, Kenya, Mozambique and Iran will pay slightly more: $900 for the full treatment program, or 1.1 percent of the standard price.

Apr 12 09:41

This Article Is ONLY For People Who Eat

If we can stand this down with loving support of our fellow men, it will be a real victory. And if we cannot, you’d better plant a garden and be ready for your turn to be “Cliven Bundy.”

Apr 12 09:06

Social Security, Treasury target Americans for their parents' old debts

Many Americans expecting to see their tax refunds in their bank accounts soon are waking up to a very different scenario: the government actively intercepting their checks in order to pay back debts they’re not responsible for.

According to a new report in the Washington Post, the federal government is seizing nearly $2 billion from hundreds of thousands of taxpayers this year in order to settle debts, some incurred by their parents, some dating back to more than a decade.

This process has been ongoing since 2011, when a revision in the farm bill passed by Congress removed the 10-tear statute of limitations on debts owed to the United States. Since that bill was passed, the government has collected $424 million on debts older than a decade. This year, however, has seen the Social Security Administration (SSA) alone claim that 400,000 Americans owe a total of $714 million in debts older than 10 years.

Webmaster's Commentary: 

When are my fellow and sister Americans going to wake up to the monster its government has become, both domestically and internationally?!?

And then, the question must be asked, what do they (peacefully and logically) intend to do about it?!?

Iceland had the right idea, and not a shot was fired. The country renounced its odious debt, and threw the bankers and politicians in who created the negative financial situation in jail (and not into the Icelandic equivalent of a "Club Fed", I might add).

Apr 12 08:32

George Osborne warns City to prepare for turmoil over Russia sanctions and interest rate rises

The City must brace itself for a new wave of market volatility amid looming interest rate rises and the possibility of harsher Russian sanctions, the Chancellor has said, as he insisted that the Treasury was prepared "for any eventuality" on the Ukrainian crisis.

Apr 12 08:24

Harvard study: Your share of the federal debt is $106,000

American workers would have to cough up a one-time “debt reduction fee” of $106,000 to pay off the nation's debt that has grown 58 percent under President Obama, according to Harvard University's Institute of Politics annual report on the USA.

The 91-page report provided to Secrets pegged the nation’s debt at $16.7 trillion, up from the $10.6 trillion inherited by Obama. “The debt has grown so quickly because of large and repeated annual deficits in federal spending,” said the report.

What's more, the Annual Report of the USA, from the student at the Harvard Political Review and done in partnership with the American Education Foundation, found that food stamp usage has surged 77 percent during the recession and that Social Security benefits will be slashed 23 percent starting in 2033 unless Congress and the White House institute sweeping reforms.

Webmaster's Commentary: 

Absoflippinglutely unbelievable!!

Apr 12 08:23

JPMorgan profits fall 19% as mortgage business fades

US banking giant JPMorgan Chase has reported a sharp fall in profits at the start of 2014, which it blamed on declines in its mortgage business.

The bank said net income in the three months to the end of March was $5.3bn (£3.1bn) - a fall of 19% compared with a year earlier.

Profits from its mortgage business stood at $114m, down $559m from last year.

The figures mark the second successive quarterly fall in profits at the bank.

Apr 12 08:17

Students could be paying loans into their 50s - report

Most students will still be paying back loans from their university days in their 40s and 50s, and many will never clear the debt, research finds.

Webmaster's Commentary: 

College is no longer the gateway to a better life, but has become yet another tool of the money-junkies who enslave the people with debt.

Apr 12 08:14

Man who predicted 1987 stock market crash and the Great Recession claims another crash is months away

The man who predicted the 1987 stock market crash and the recent global economic recession believes the worst crash in decades will take place later in the next 12 months.

Dr Marc Faber, a Swiss investor and the author of the Gloom, Boom & Doom Report, said the cause of the crash would be overvaluing of companies within the internet and biotechnology sectors – thought to include the $400billion valuation of Google, and the $100billion valuation of Facebook.

He also said the market was also beginning to wake up to the idea that the U.S. Federal Reserve is a ‘clueless organisation’ – something he says is starting to affect confidence levels in investors.

Webmaster's Commentary: 

The FED isn't clueless. The problem is that the FED, like all of Wall Street and Washington DC, refuse to look at the root of the problem.

When you have a privately-owned central bank issuing all of the currency as a loan at interest, by design the debt grows faster than the available money supply. That is why every nation enslaved to such a private central bank is now drowning in hopelessly unpayable debt, whether it is the FED, the ECB, the IMF, the World Bank, etc. None of these private central banks or the financial systems and governments dependent on them will ever admit to the reality of this intentional debt-enslavement, so all that they do is just for show to convince the people something is being done ... without actually challenging the core of the system. Inevitably, such window-dressing policies fail and the enforced looting of the people to try to keep the books balanced proceeds unhindered, making governments and financial systems look incompetent, when they are merely acting like the money-junkies they are.

Apr 12 08:01

Federal government seizes $424 million in tax refunds from children to pay back old debts owed by their PARENTS

Hundreds of thousands of U.S. citizens are getting shocking letters in their mailboxes instead of tax refund checks – nastygrams informing them that the federal government has seized their money to repay debts their parents decades-old debts that they never settled.

Webmaster's Commentary: 

When debt becomes hereditary, the people become slaves.

There is no legal basis for holding children responsible for debts of parents from before they were born or while they were children. Just as there is no legal basis for holding Americans responsible for the artificially created debt resulting from the creation of the federal Reserve system long before they were born and could choose whether they wanted to accept living under the very same banking system this nation fought a revolution to break free of.

Apr 12 05:09

Desert Tortoise Reserve Closing, Remaining Reptiles to Be Euthanized

Hundreds of Desert Tortoises living in a sprawling conservation reserve near Las Vegas will soon be euthanized.

The Bureau of Land Management has paid for the holding and research facility with fees imposed on developers who disturb tortoise habitat on public land. As the housing boom swept through southern Nevada in the 2000s, the tortoise budget swelled. But when the recession hit, the housing market contracted, and the bureau and its local government partners began struggling to meet the center's $1 million annual budget.

Apr 11 17:41

Is the Market Primed For a Major Collapse?

Apr 11 17:21

You Can’t Eat Gold… But It’s Portable, Easy To Trade and Confiscation-Proof

What it all boils down to is owning assets of (real) value. Much of this is dependent on our individual means, but the overall strategy should be similar for everyone: diversification. This can mean long-term food stores, bartering supplies, skills development, acquisition of productive land or, in the case outlined by Daniel below, owning mechanisms of exchange that have been tried and tested for centuries across the entire globe.

Whatever your approach, consider the points Daniel highlights below as you build your own collapse insurance stockpiles. Though his article focuses on gold and silver as future currencies in the event of a US dollar crash, your other supplies should have a similar elasticity and desirability in the (underground) marketplace.

Apr 11 16:51

Russia Loses Leverage with China on 'Holy-Grail' Gas Deal

Russian President Vladimir Putin obviously thinks that preventing Ukraine from moving closer to the West is a strategic interest and one that is important enough to risk international condemnation. Seizing Crimea has led to negative international opinion, capital flight, deteriorating relations with Europe, and a potential enormous toll to the Russian economy. It has also threatened to permanently damage the commercial relationship Russia has with its largest energy customer – Western Europe.

Apr 11 16:16

Yes, the SEC was colluding with banks on CDO prosecutions

thanks to an American Lawyer Freedom of Information Request, we have the answer: yes, they were.

Apr 11 15:55

How the Israeli Gov't Enslaves American Children


surprised to find just how far the influence of the Israel lobby extends. Another Jew against Zionism?

Apr 11 15:38

Harvard study: Your share of the federal debt is $106,000

American workers would have to cough up a one-time “debt reduction fee” of $106,000 to pay off the nation's debt that has grown 58 percent under President Obama, according to Harvard University's Institute of Politics annual report on the USA.

Apr 11 14:29

A FED Planned Economy

Apr 11 13:27

The U.S. Dollar: Currency Masquerading as Money

People consider Federal Reserve notes, U.S. dollars, to be real money. This includes their digital equivalent in bank and credit card statements and Treasury-issued base metal coins. As a unit of account, all goods and services, and land and labor are priced in U.S. dollars. Declared legal tender, Federal Reserve notes are the country’s medium of exchange.

Apr 11 12:17

How to Get a Whole Generation to Sell Out

No one cares about selling out anymore. It’s an argument I encounter almost weekly, in a trend piece or through an online acquaintance. Times have changed, these commentators insist. Young people—“millennials,” they call adults just younger than me—simply don’t see things the same way their predecessors do.

Apr 11 12:14

16 signs most Americans are not prepared for the coming economic collapse

Sometimes I think that I sound like a broken record. I am constantly using phrases such as “get prepared while you still can” and “time is running out”.

In fact, I use them so often that people are starting to criticize me for it

Apr 11 12:12

'West scared of BRICS as it has no control over it' - Ex-Indian Foreign Secretary

Representing a fifth of the world economy, the BRICS states pose a challenge to the US-dominated world. Submarket growth in Russia and the West could also change more rapidly, shifting the whole world system Eastwards. Is this the start of a new era?

Apr 11 11:57

The window to resist tyranny is closing due to new super weapons

Many talk about the fact that Americans have an estimated 300 million privately owned hand guns as the reason why no foreign power, or even our government, can subjugate the people

Apr 11 11:41

Spain's part-time workers among EU's unhappiest

Spain's growing army of part-time workers are more dissatisfied with their job situation than almost anyone else in Europe, new EU figures on underemployment show.

Apr 11 11:33

FLASHBACK - 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.

Already in 2011, Hungarian Prime Minister Viktor Orbán promised to serve justice on his socialist predecessors, who sold the nation’s people into unending debt slavery under the lash of the International Monetary Fund (IMF) and the terrorist state of Israel. Those earlier administrations were riddled with Israelis in high places, to the fury of the masses, who finally elected Orbán’s Fidesz party in response.

Webmaster's Commentary: 

Hence, Hungary is now on the US Government's Special High Interest Targets list!

Apr 11 11:32

Merkel 'believes' in Greece after reforms

Chancellor Angela Merkel on Friday said she "firmly believed" there was untapped potential in Greece after years of tough austerity reforms that culminated in a bond comeback this week.

"Untapped potential" for sure, but for whom?

Apr 11 10:58

The Reckoning: “All Evidence Points to US Economic Failure in 2014?

What’s coming in short order isn’t just a result of lackluster job growth, or consumer spending, or a degradation of America’s economy.

The leading developed nations of the world no longer trust the United States and America’s status as the “world’s only super power” is being challenged on all fronts.

Apr 11 10:33

Why US Fracking Companies Are Licking Their Lips over Ukraine

The way to beat Vladimir Putin is to flood the European market with fracked-in-the-USA natural gas, or so the industry would have us believe. As part of escalating anti-Russian hysteria, two bills have been introduced into the US Congress – one in the House of Representatives (H.R. 6), one in the Senate (S. 2083) – that attempt to fast-track liquefied natural gas (LNG) exports, all in the name of helping Europe to wean itself from Putin's fossil fuels, and enhancing US national security.

Apr 11 10:22

The Down and Out Make More Sense than Any Billionaire

I’m receiving the All-American love channels. You know, corporate rule, the Zionist Zest, GM killing people with a smile and $25 million ad campaign . . . the endless trial of humanity in the climate barrel sights of the earth churners, the boilers of bones, hydrocarbon petrol in their mothers’ wombs. Jeb Rot-Gut Bush in 2016. Hillary “Scrap Metal” Clinton (another driveling Clinton with lifeless belly laugh and thumb so accurately placed on the heartbeat of Amerika . . . NOT) : “Was that a bat?…Is that somebody throwing something at me? Is that part of Cirque de Soleil? My goodness, I didn’t know that solid waste management was so controversial. Thank goodness she didn’t play softball like I did.”

Apr 11 10:09

The Cliven Bundy Standoff: Wounded Knee Revisited?

Cattle became the successor to buffalo in the late 1860s and early 1870s. That was the era when the ancestors of Cliven Bundy settled in what was to become the State of Nevada, and began to graze cattle in what would later be called the Bunkerville Grazing Allotment. The Bundy family made peaceful and productive use of that allotment for more than 120 years, mixing their labor with the land to create original wealth.

Unfortunately, the Bundy family -- like the American Indians – had been living on a reservation: They were never allowed to exercise ownership of their grazing “allotment,” in much the same way that Indians were not permitted to have clear title to their lands. The land on which the Bundy family raised cattle was “owned” by the government, and the Bundys were required to pay rent – in the form of grazing fees – for the “privilege” of making productive use of it.

Apr 11 10:00

Massive U.S. credit bureau data breach has experts worried

The North Carolina Attorney General's Office is now joining other states investigating a massive data breach at a credit reporting agency that has put 200 million Social Security numbers at risk.

Webmaster's Commentary: 

There was a reason that Social Security numbers were legally prohibited from being used to anything but Social Security. This breach shows how foolish and reckless it was for the Federal Government to try to turn it into an all purpose ID number!, and indeed, the risks of having any form of universal ID.

Apr 11 09:30

Europe Folds As Putin Tells It To Pay Ukraine's Gazprom Bill, Or Else

Another day ending in "y" means another day in which Putin plays the G(roup of most insolvent countries)-7 like a fiddle.

The latest: Europe should provide aid to Ukraine to ensure uninterrupted natural-gas deliveries to the region, President Vladimir Putin’s spokesman said as reported by Bloomberg.

"Russia is the only country helping Ukraine’s economy with energy supplies that are not paid for," Dmitry Peskov told reporters today in Moscow, commenting on President Vladimir Putin’s letter yesterday to 18 European heads of state. “The letter is a call to immediately review this situation, which is absurd on the one hand and critical on the other.

Apr 11 09:25

Deutsche Bank: "The Oxygen That Has Fuelled The 5 Year Bull Market Is Slowly Draining Out"

We can't help thinking that as it becomes ever clearer that the Fed is pretty much fixed in its determination to stop QE late this year, the oxygen that has fuelled the 5 year bull market is slowly draining out of the market. Clearly the Fed is still buying a significant amount of bonds and thus providing a lot of liquidity but clearly only for a few more months. We think this is creating a lot more two-way tension in equity markets. Supporting this argument is the fact that those sectors that have done best since the bull market/high liquidity period started are suffering in the recent correction.

Apr 11 09:11

Rampant inflation triggers nationwide strike in Argentina

Argentina is struggling with a weakening economy and rapidly rising inflation, which currently stands at roughly 30 percent. Labor leaders are therefore calling for higher pay and lower taxes.

A nationwide 24-hour strike, called by the powerful CGT Union, brought large parts of the country to a standstill, public transport came to a halt, flights were canceled, hospitals provided emergency services only and rubbish was left uncollected. Many schools and businesses also remained shut.

The strike also affected the ongoing soybean harvest, practically halting operations in the city of Rosario, a major export hub. Argentina is the world’s number-three soybean exporter and the world’s top supplier of soymeal animal feed.

Webmaster's Commentary: 

Expect to see more of these strikes in both Argentina and Venezuela, no doubt augmented by "American elements" which eagerly want to see both left of center governments fall.

Apr 11 09:09

Pulitzer Prize Winner Says U.S. Has the Most Unfair Modern Economy

Why the rich keep getting richer (and don’t even realize it), poverty around the world, Stephen Colbert heads to CBS, and Pacifica tries to put a network back together again.

Apr 11 09:04

NATO Wants More Military Spending? How Much Is Enough?

Apr 11 08:31

Has the Working Class Really Accepted Austerity?

David Graeber answers the provocative title question affirmatively in a recent Guardian op-ed, “Caring too much. That’s the curse of the working classes” (3/26/2014). The result of this excessive caring is “that the basic logic of austerity has been accepted by almost everyone.” So while others may consider solidarity to be a virtue, Graeber believes that it is “the rope from which [the working] class is currently suspended.” This marks something of a shift from his position on caring articulated in his magisterial historical survey, Debt: the First 5,000 Years, where he observes that the “non-industrious poor spent [time] with friends and family, enjoying and caring for those they love, [thereby] probably improving the world more than we acknowledge.”

Apr 11 08:26

Nevada cattle wars: Nevada senator sides with rancher against feds

A Republican US senator added his voice Wednesday to critics of a federal cattle roundup fought by a Nevada rancher who claims longstanding grazing rights on remote public rangeland about 80 miles northeast of Las Vegas.

Apr 11 08:24

BLM fracking racket exposed! Armed siege and cattle theft from Bundy ranch really about fracking leases

The Bureau of Land Management says its 200-man armed siege of the Cliven Bundy ranch in Nevada is all about protecting an "endangered tortoise." But a Natural News investigation has found that BLM is actually in the business of raking in millions of dollars by leasing Nevada lands to energy companies that engage in fracking operations.

Apr 11 08:18

Monsanto, biotech stocks plummet the day after activists launch Operation Monsanto Stock Plunge

Biotech stocks plummeted Thursday following the release of Operation Monsanto Stock Plunge by Food Democracy Now -- a campaign that urged investors to sell shares of biotech companies like Monsanto.

"On Thursday, the Nasdaq composite, which is weighted heavily toward tech and biotech companies, had its worst day since November 2011," reported the Associated Press, less than 24 hours after the launch of Operation Monsanto Stock Plunge. The story was carried across thousands of newspapers such as the L.A. Times. (1)

"Biogen Idec, Gilead Sciences and other biotech companies plunged. Gilead Sciences slid $5.17, or 7 percent, to $65.48 on Thursday. Biogen Idec dropped $13.33, or 4 percent, to $287.35. Both roughly doubled in value last year."

U.S. News and World Report declared, "Stocks drop as investors dump biotech" (see screen shot below), and other newspapers reported headlines like "Dow, Nasdaq fall dramatically as investors dump biotech stocks."

Apr 11 08:04

Wall Street’s Land Grab: Firms Amass Rental Empire, Ousting Tenants & Threatening New Housing Crisis

The Blackstone Group, a private equity firm, is now the largest owner of single-family rental homes in the country. In one day alone, Blackstone bought up 1,400 houses in Atlanta. And as private equity firms gobble up huge swaths of the housing market, they are partnering with big banks to bundle the mortgages on these rental homes into a new financial product known as "rental-backed securities," reminiscent of the "mortgage-backed securities" that helped cause the last financial crisis.

Apr 11 07:51

Sylvia Mathews Burwell picked to clean up Sebelius’ Obamacare mess

With the rocky rollout of his health care law in a post-deadline lull, President Obama will move this week to shake up his health care team, accepting the resignation of Health and Human Services Secretary Kathleen Sebelius and tapping his budget director as a troubleshooting replacement, the White House confirmed Thursday.

Webmaster's Commentary: 

So Sibelius takes the fall for the Obamacare disaster.

Apr 11 07:29

Europe selling accelerates after JPMorgan earnings

European shares extended declines in afternoon trade on Friday as a disappointing earnings release from JPMorgan added to the "risk-off" sentiment.

Apr 11 07:25

10 Things You Didn't Know About BitCoin

Apr 11 07:18

Social Security, Treasury target taxpayers for their parents’ decades-old debts

Now, Social Security claims it overpaid someone in the Grice family — it’s not sure who — in 1977. After 37 years of silence, four years after Sadie Grice died, the government is coming after her daughter. Why the feds chose to take Mary’s money, rather than her surviving siblings’, is a mystery.

Apr 11 07:16

The poor shall strive while the rich will thrive

The poorer you are, the more likely you need to shoulder more. This axiomatic rule of social intercourse, engagement and daily living is simple and brutal enough: the poor shall hold, conserve, preserve. The rich will thrive on that principle and forge ahead on backs, shoulders and general supports. History is replete with that principle: tithes, feudalism, taxes, excises, tariffs, the consumer tax provide the sweet rescue for the wealthily insecure. It is not those who have who must give – they, rather, demand that those who don’t have take their place in answering the question.

Apr 11 07:14

Will There Be A Global Currency Revaluation?

A reader asks: "What is the global currency reset and should I be concerned?"

Apr 11 06:44

Ukraine’s first IMF money won’t be used to pay off Russian debt

Paying off debt to Russia will not be a first priority for Ukraine when it secures its first tranche of International Monetary (IMF) bailout cash, Oleksandr Shlapak, coup-imposed Ukraine’s Finance Minister has said.

"The money that we receive from the IMF will be divided between the reserves of the National Bank and the state budget, and the money will be earmarked. So we do not plan to spend on repaying debts to Russia,” Shlapak said at the IMF and World Bank spring meeting in Washington DC on Thursday.

Apr 11 04:12

The Astounding Conspiracy Theories of Wall Street Genius Mark Gorton

Mark Gorton does not have a reputation as a crackpot. Quite the opposite. He's been favorably profiled in the New York Times for his business acumen and charitable deeds. His experience as the head of Limewire—which disrupted the music industry and then lost a $100 million lawsuit as a result—was closely followed by the press. And when Michael Lewis's blockbuster new book about high frequency trading was published recently, prominent media outlets turned to Gorton to learn what HFT firms are really like. The Huffington Post even dubbed him "the new face of Wall Street." He is a very respected and very wealthy man.

This week, we were forwarded documents that Gorton was sending out to employees at Tower Research. These documents—embedded at the bottom of this post—are essays by Mark Gorton, laying out his theories on the secret high-level murderous criminal "Cabal" that is responsible for, among other things, the JFK and RFK assassinations, the presidential careers of the Bushes, Clinton, and Obama, the Oklahoma City bombing, the 9/11 plot, and the murder of countless witnesses, politicians, and journalists who sought to expose them, including Sen. Paul Wellstone and even Hunter S. Thompson. Everything, according to Gorton, has been an inside job.

Apr 10 19:27

Russia not to restore Ukraine’s economy single-handedly - Putin in letter to EU leaders. FULL TEXT

Here's what Putin said,full text with out somebody putting words in his mouth. Once again he comes off as reasonable,businesslike and statesmanlike. There is no need to characterize any of this statement as a threat!

Russian President Vladimir Putin has proposed possible mechanisms to European leaders for urgent discussion of the situation with Ukraine's debt for Russian gas, Putin's spokesman Dmitry Peskov said in a statement. Putin's letter was sent on Thursday to the leaders of Moldova, Romania, Turkey, Hungary, Slovakia, Slovenia, Macedonia, the Czech Republic, France, Germany, Croatia, Bosnia and Herzegovina, Serbia, Bulgaria, Austria, and Italy. Here is the full text of it:

Apr 10 17:49

IMF chief says Ukraine bailout won’t fail

Webmaster's Commentary: 

She said that about Cyprus and Greece.

Apr 10 16:32

Tennessee Senate Unanimously Votes to Legalize Hemp

Activist Post

Yesterday, the Tennessee state senate passed a bill which some supporters consider the strongest pro-hemp legislation in the country...

Apr 10 16:20

Putin Reaches Out In Open Letter To Euro Leaders

Ukraine’s economy in the past several months has been plummeting. Its industrial and construction sectors have also been declining sharply. Its budget deficit is mounting. The condition of its currency system is becoming more and more deplorable. The negative trade balance is accompanied by the flight of capital from the country. Ukraine’s economy is steadfastly heading towards a default, a halt in production and skyrocketing unemployment.

Apr 10 15:57

Isn't It About Time? Don't Be Surprised If This Is The Start Of A Stock-Market Crash... Santelli Slams "Don't Ignore The Long-End... Recessionary Pressures Are Building"

It’s amazing: The more financial information there is, the more lies there are.The point that the little guy doesn’t get from the financial media is the market is just loaded with losers…people are losing money consistently…

Apr 10 14:43

Food-Bank Slumming For Dummies DAY ONE 4-2-14

And so begins my first-person, flipflops-on-the-ground reporting of what it’s like to be a “regular” person going to the “food banks” (i.e. charitable food giveaways) for the first time.

A word about the title – re: the word “slumming” unfortunately has as one of its connotations the idea of a person of means who frequents economically-disadvantaged areas for condescending and cynical purposes, which is NOT the case here.

I have real need, as stated in my introduction to this series.

Truth be told – wannabe poet, me – I chose the word “slumming” for its near-rhyme with the word “dummies” (slum/dumb), which makes for a catchy title. Nothing more, nothing less.

So here we are at Day One…

But, wait, stop, rewind!

The saga actually begins at Day Zero and earlier, because it’s impossible to get food from the food bank unless you know on WHAT DAY of the month, and at WHAT TIME, and at WHAT ADDRESS to show up at.

Apr 10 14:32

Economic Update: Bankers and Presidents

Updates on Bill O'Reilly vs. Bill de Blasio; Greek bonds; millions of dollars for Detroit's athletes; and who pays federal taxes. Richard Wolff interviews Nomi Prins, the ex-Goldman Sachs banker, on her new book All the Presidents' Bankers. Response to listener on where and why Congress refuses to act (taxing rich, helping poor, reducing inequality, etc.) despite US poll results showing big majorities supporting those actions.

Apr 10 14:24

Italians in Genoa 'can't afford to pay for funerals'

Italians hit by the economic crisis in the north-eastern city of Genoa are unable to pay for burials, leaving one local funeral home with a €500,000 bill last year alone.

Apr 10 14:10

the light bulb conspiracy | planned obsolescence

Apr 10 13:31

Stocks derailed by high-flyers; worst day since 2011 for Nasdaq

U.S. stocks were slammed on Thursday, with high-flying technology and biotech shares leading the declines that had the Nasdaq Composite posting its worst session in more than two years.

Webmaster's Commentary: 

This is probably the loss of foreign customers for US computer vendors and service providers, courtesy of the NSA!

Apr 10 13:26

Greece returns to bond markets, says end of bailout nears

Two years after nearly crashing out of the euro zone, Greece returned to the bond market on Thursday with investors hungry for high returns scooping up its debt in a €3bn deal that could mark the beginning of the end of its bailout.

Apr 10 13:14

Great Depression II: It Will Be Bloodier, But Shorter & How You Can Prepare

Over a dozen bankers commit suicide...billions of rounds of ammunition are ordered by federal agencies...thousands of armored SWAT vehicles are being delivered to American cities...a U.S. Army manual describes internment camps for American citizens...Germany demands its 374 tons of gold stored in the FED depository (but so far only gets less than 10% of it). What is going on?

Apr 10 13:12

The Unstoppable Greed Machine - Wall Street's Land Grab

The Blackstone Group, a private equity firm, is now the largest owner of single-family rental homes in the country. In one day alone, Blackstone bought up 1,400 houses in Atlanta. And as private equity firms gobble up huge swaths of the housing market, they are partnering with big banks to bundle the mortgages on these rental homes into a new financial product known as "rental-backed securities," reminiscent of the "mortgage-backed securities" that helped cause the last financial crisis. Could this new private equity rental empire help spark the next housing crisis? We are joined by Laura Gottesdiener, author of A Dream Foreclosed: Black America and the Fight for a Place to Call Home, who calls this wave of purchases "a land grab." Gottesdiener's latest article focuses on New York City's rental market, a case study in what critics call "predatory equity." Large firms have used abusive tactics to oust tenants in a bid to hike up rents - and tenants have been resisting.

Apr 10 13:08

Is the US or the World Coming to an End?

2014 is shaping up as a year of reckoning for the United States.

Two pressures are building on the US dollar. One pressure comes from the Federal Reserve’s declining ability to rig the price of gold as Western gold supplies shrivel and market knowledge of the Fed’s illegal price rigging spreads. The evidence of massive amounts of naked shorts being dumped into the paper gold futures market at times of day when trading is thin is unequivocal. It has become obvious that the price of gold is being rigged in the futures market in order to protect the dollar’s value from QE.

Apr 10 13:00

Iceland among the World's happiest countries

When the United Nations declared March 20 the International Day of Happiness, it recognized the relevance of "happiness and well-being as universal goals and aspirations in the lives of human beings around the world." This officially designated happy date is marking its second year. And Iceland is once again among the happiest nations in the World.

Webmaster's Commentary: 

See what happens when you toss the money-junkies in jail?

Apr 10 12:29

The Economic Destruction of Gaza

Given what I knew about the effects of the siege and the economic situation in Gaza, I was struck when I visited at how supermarket shelves in the territory are stocked with Israeli goods, priced beyond the reach of many impoverished families. This is the result of a strategy more radical than anything seen in the West Bank to destroy Palestinians' economic self-sufficiency while directly benefitting Israel. Gaza is at the leading edge of what Harvard scholar Sara Roy calls Israel's "deliberate, considered and purposeful" effort to transform the Palestinian economy from "a captive economy restricted to fluctuating levels of growth (at best) but still possessed of the capacity to produce and innovate (within limitations), to an economy increasingly deprived of that capacity.

Apr 10 12:17

BLM fracking racket exposed! Armed siege and cattle theft from Bundy ranch really about fracking leases

The Bureau of Land Management says its 200-man armed siege of the Cliven Bundy ranch in Nevada is all about protecting an "endangered tortoise." But a Natural News investigation has found that BLM is actually in the business of raking in millions of dollars by leasing Nevada lands to energy companies that engage in fracking operations.

This document from the Nevada Bureau of Mines and Geology(1) shows significant exploratory drilling being conducted in precisely the same area where the Bundy family has been running cattle since the 1870's. The "Gold Butte" area is indicated on the lower right corner of the document (see below), and it clearly shows numerous exploratory drilling operations have been conducted there.

What's also clear is that oil has been found in nearby areas and possibly even within the Gold Butte area itself.

Apr 10 12:17

Cliven Bundy speaking at the Moapa Valley Town Board meeting 04/09/14.

Apr 10 12:04

The Flash Boys Make Their Case

Apr 10 11:16

Bomb Threat At Bank Shuts Down Main Street In Hills, Iowa

A bomb threat shut down the downtown area of Hills on Thursday.

Sheriff's deputies blocked off both ends of Main Street as well as several other side streets in response to the threat.

The threat was made made against the Hills Bank located in the center of downtown. Dozens of employees were evacuated to a nearby park.

A bomb sniffing dog from the University of Iowa searched the area and no bomb was located. Officials gave the all clear at about 12:30 p.m.

Apr 10 10:41

Replacing Russian Gas Deliveries with US Shale Gas? Washington Lies to the EU

The White House and State Department have engaged in brazen lying to EU governments regarding the ability of the US to supply more than enough natural gas to replace Russian gas deliveries. Recent statements by US President Obama and Secretary of State John Kerry are so patently false that it betrays an incredible desperation in Washington over the situation in Ukraine versus Moscow. Or it suggests that Washington is so out of touch with any factual reality she simply doesn’t care what she says. Either way, it suggests an unreliable diplomatic partner for the EU.

Webmaster's Commentary: 

The BLM is selling oil leases across the west to the fracking companies. This may well be the real motive to drive Cliven Bundy off of his ranch, and we are now getting word that similar B:M moves against ranchers are happening not only elsewhere in Nevada but in Colorado. So it looks like the US Government is going to turn the nation over to the frackers so they have enough gas to move their war agenda forward.

Apr 10 10:25

1913: HOW THE FED WAS SHOVED DOWN AMERICA'S THROAT!

THE THREE STEP DANCE
CRISIS - 'BIPARTISAN COMMISSION' - SOLUTION

Apr 10 10:21

It's On: Gazprom Prepares "Symbolic" Bond Issue In Chinese Yuan

Curious what the fate of the petrodollar is? Look no farther than this Interfax update blasted moments ago by Bloomberg: "Gazprom Considers 'Symbolic' Yuan Bond Issue, Interfax Says."

Apr 10 10:10

Corrupt To The Core: The Fire Power Of The Financial Sector

The enormous power and destructive influence of financial markets became apparent after the global economic collapse of 2008. This event revealed a need for bringing the sector under democratic public ownership; failing that, stronger regulations for financial markets at the very least. But political will has been lacking on both counts. The sector enjoys massive financial resources and successfully translates them into political influence.

Apr 10 10:08

Family Dollar to Lower Prices, Close 370 Stores After Rough 2Q

After posting lower-than-expected earnings in the second quarter, Family Dollar Stores (FDO) plans to close 370 stores, cut jobs and slash prices on nearly 1,000 basic items to boost results.

The discount retailer said Thursday its quarterly profit fell 35% to $90.9 million, or 80 cents a share, from $140.1 million, or $1.21 a share, in the same period a year earlier. Revenue slipped 6.1% to $2.72 billion.

Apr 10 09:52

$100 Gold-Plated Grilled Cheese Offered at Ritz-Carlton's Deca Restaurant

The Zillion Dollar Grilled Cheese sandwich, available at the restaurant at 160 E. Pearson St, is made with artisanal sourdough bread coated with Laudemio Marchesi de’ Frescobaldi extra-virgin olive oil, which retails for more than $30 a bottle.

Layered inside the sandwich is thinly-sliced black Iberco ham from free-roaming, acorn-fed pigs raised in the South of Spain. The meat is salted and air-dried for six weeks, then cured for a minimum of 12 months — usually closer to 18 months, said Eric Ciechna, a host at the restaurant.

Most important is the cheese: a 40-year-old aged Wisconsin cheddar infused with 24-carat gold flakes.

Webmaster's Commentary: 

Just in case you wondered what the money-junkies are having for lunch while you chow down on your Soylent-GMO.

Apr 10 09:20

Jim Rickards: The Death of Money

Apr 10 09:16

Houston Fills With Crude Oil That Can’t Be Shipped Out

Houston and the rest of the U.S. Gulf Coast have more crude oil than the region can handle.

Stockpiles in the region centered on Houston and stretching to New Mexico in the west and Alabama in the east rose to 202 million barrels in the week ended April 4, the most on record, Energy Information Administration data released yesterday show.

Webmaster's Commentary: 

So why are gas prices up, if there is a glut in the supply?

Apr 10 09:09

More Americans Go Hungry Than All But 2 European Nations

Since 2007, when the financial crisis touched down across the world, the proportion of people going hungry in Europe has soared, according to the OECD. As Bloomberg’s Niraj Shah notes, the number has doubled in Greece alone from 8.9% in 2007 to almost 18% currently unable to afford food. Across the European Union, the proportion of people going hungry ranges from 4.6% in Germany to over 30% in (ironically) Hungary. However, before one gloats at the weakness in Europe and the cleanest dirty shirt the US pretends to be, at 21.1% of Americans unable to afford food, only Hungary and Estonia are in worst shape… USA USA USA…

Webmaster's Commentary: 

Absoflippinglutely unbelievable.

At the moment, if any representative of the Federal government were to knock on my door and tell me the sun was shining, I would feel morally obligated to walk outside and look for myself!!

Apr 10 09:01

Bank of America Fined $772 Million Over Alleged Scams

Bank of America agreed Wednesday to pay $772 million in fines and refunds to settle regulators’ accusations that it misled customers who bought extra credit-card products and illegally charged others for credit monitoring and reporting services they didn’t receive.

Apr 10 08:48

Latest ObamaCare surprise: Most won't be able to buy health insurance until end of year

There is yet another ObamaCare surprise waiting for consumers: from now until the next open enrollment at the end of this year, most people will simply not be able to buy any health insurance at all, even outside the exchanges.

"It's all closed down. You cannot buy a policy that is a qualified policy for the purpose of the ACA (the Affordable Care Act) until next year on January 1," says John DiVito, president of Flexbenefit which has 2,500 brokers.

Apr 10 08:30

Only Two Votes For Obama’s Budget In The House

Republicans put President Obama’s budget up for a vote in the House and it actually did better than his prior budgets. This one received two votes!

Apr 10 08:24

Toyota to recall 6.4 million vehicles for steering, other faults

Toyota Motor Corp , in its second-largest recall announcement, said on Wednesday that it would call back 6.39 million vehicles globally, and analysts saw automakers increasingly turning to recalls rather than risk bad publicity or legal costs.

Rival General Motors Co is in the midst of its own recall of 2.6 million cars related to an ignition switch problem, which has been linked to at least 13 deaths.

Apr 10 08:10

S&P downgrades New Jersey on budget concerns

Standard & Poor's Ratings Services lowered its rating on New Jersey's general obligation debt to A+ from AA- Wednesday afternoon. It also lowered its rating on the state's appropriation-backed debt to A from A+ and its rating on the state's moral obligation debt to BBB+ from A-, while maintaining a stable outlook on the state's ratings. S&P analysts said in a note that the downgrade reflects a "sizeable structural imbalance" related to the state's attempts to balance its budget, which the firm believes will lead to "future budgetary pressures."

Apr 10 08:04

High frequency trading

Using super computers for "high frequency trading", or a new way to engage in insider trading via this loophole.

Apr 10 08:03

Goldman Sachs Drops a Bombshell on Wall Street

The caribou have vanished on Wall Street and the wolves are in a feeding frenzy against each other. Yesterday, the Wall Street Journal reported that Goldman Sachs is considering shuttering its Sigma X dark pool, a business that brought in $7.17 billion from equity trading in 2013, before accounting charges.

There are only three reasons that a Wall Street mega bank shutters a $7 billion business instead of selling it: it’s crazy; its regulators told it to shutter it; there’s more bad news ahead about this business and the firm is trying to get out in front of the fallout. We know Goldman Sachs is only crazy like a fox, so that leaves options two and three.

Apr 10 07:48

White House Lies to EU about US Gas Supply?

So more cow manure gets spread upon the mushrooms through the incredibly policy statement that the US has the oil shale resources and the logistics capacity to replace ALL Russian gas to Europe, and of course that is patently untrue.

This new big lie is laid on us just after the recent others like the West not being directly involved in the Ukraine coup, and then the Russian "invasion" of Crimea. Do they not think we are able to make some connection between the two?

Dear Obama White house, Pentagon, State Department and NATO, No...we are not that stupid. How about you?...

Apr 10 07:47

SEC Goldman Lawyer Says Agency Too Timid on Wall Street Misdeeds

A trial attorney from the Securities and Exchange Commission said his bosses were too “tentative and fearful” to bring many Wall Street leaders to heel after the 2008 credit crisis, echoing the regulator’s outside critics.

James Kidney, who joined the SEC in 1986 and retired this month, offered the critique in a speech at his goodbye party. His remarks hit home with many in the crowd of SEC lawyers and alumni thanks to a part of his resume not publicly known: He had campaigned internally to bring charges against more executives in the agency’s 2010 case against Goldman Sachs Group Inc. (GS)

Apr 10 07:22

Fed's hard line on funding to bring more pain to Wall Street

The U.S. Federal Reserve's drive to wean Wall Street off risky funding sources is expected to bring more financial pain to the biggest U.S. banks in the coming months, analysts warned on Wednesday.

They said bank regulators' release this week of tough new limits on debt funding is just a preview of other rules that may have even more bite.

Webmaster's Commentary: 

Wall Street has become addicted to all that instant cash flowing from the FED keeping the stock market propped up. The FED has to slow that down or continue to devalue the dollar. Yet the market will be driven down,m rendering Wall Street firms with heavy stock investments insolvent. It is a classic rock and a hard place problem with no solution in ...OHMYGAWDLOOKATTHETERRORISTATTACK! :)

Apr 10 07:11

Car bomb explodes outside Greek central bank building, no one hurt

A car bomb exploded outside a central bank building in Athens early on Thursday, smashing windows but causing no injuries, just hours before Greece was due to make its first foray into the international bond markets in four years.

Apr 10 07:11

Gas: Putin warns EU leaders

Russian President Vladimir Putin wrote to EU leaders to warn of risks on Russian gas supplies because of the crisis in Ukraine, the Kremlin announced Aujoud'hui. "Putin expresses its extreme concern at the plight of the debt Ukrainian, and therefore about Russian gas supplies, "said his spokesman, Dmitry Peskov, the agency Ria Novosti, adding that the letter had been forwarded through diplomatic channels to European leaders. He added that the letter was sent Thursday through diplomatic channels "to Western and Eastern European leaders." Putin proposes in his letter to "take urgent measures as the situation does not tolerate waiting," says Dmitry Peskov, according to Ria Novosti. "The situation may actually have a negative impact on the transit of Russian gas through Ukraine," he said as quoted by Interfax.

Apr 10 07:06

Ukraine’s Rust Belt Faces Ruin as Putin Threatens Imports

The head of Luganskteplovoz in the city of Luhansk rules over a communist-era factory and workforce of 6,500 that builds trains primarily for state-run OAO Russian Railways. Like many local businessmen, he fears the pro-European government in Kiev will antagonize the Kremlin into unleashing trade restrictions that could wipe out industry across Ukraine’s rust belt.

Apr 10 06:56

Why Meat Prices Are Going To Continue Soaring For The Foreseeable Future

The average price of USDA choice-grade beef has soared to $5.28 a pound, and the average price of a pound of bacon has skyrocketed to $5.46. Unfortunately for those that like to eat meat, this is just the beginning of the price increases. Due to an absolutely crippling drought that won’t let go of the western half of the country, the total size of the U.S. cattle herd has shrunk for seven years in a row, and it is now the smallest that is has been since 1951. But back in 1951, we had less than half the number of mouths to feed. And a devastating pig virus that has never been seen in the United States before has already killed up to 6 million pigs in this country and continues to spread like wildfire. What all of this means is that the supply of meat is going to be tight for the foreseeable future even as demand for meat continues to go up.

Apr 10 03:42

Is the US or the World Coming to an End? — Paul Craig Roberts

2014 is shaping up as a year of reckoning for the United States.

Two pressures are building on the US dollar. One pressure comes from the Federal Reserve’s declining ability to rig the price of gold as Western gold supplies shrivel and market knowledge of the Fed’s illegal price rigging spreads. The evidence of massive amounts of naked shorts being dumped into the paper gold futures market at times of day when trading is thin is unequivocal. It has become obvious that the price of gold is being rigged in the futures market in order to protect the dollar’s value from QE.

The other pressure arises from the Obama regime’s foolish threats of sanctions on Russia. Other countries are no longer willing to tolerate Washington’s abuse of the world dollar standard. Washington uses the dollar-based international payments system to inflict damage on the economies of countries that resist Washington’s political hegemony.

Apr 09 22:21

Why meat prices are going to continue to soar for the foreseeable future

The average price of USDA choice-grade beef has soared to $5.28 a pound, and the average price of a pound of bacon has skyrocketed to $5.46

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