ECONOMY

Aug 20 09:19

S&P 500 support levels:

Aug 20 09:00

Are Negative Rates Coming to the U.S.?

Aug 20 08:50

City of Des Moines Begins Homeless Camp Evictions

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

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

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

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

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

Webmaster's Commentary: 

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

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

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

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

Aug 20 08:29

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

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

TruthDig reported last year:

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

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

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

Webmaster's Commentary: 

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

Aug 20 08:28

Is Portugal Next in Line for Wealth Confiscation?

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

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

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

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

Aug 20 08:24

EU Advisors Advocate use of Military Against Strikes and Protests

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

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

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

Webmaster's Commentary: 

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

Aug 20 08:15

EU farmers complain €125mn compensation is just drop in the ocean

The €125 million in emergency EU support to its food producers may not be enough to cover the damage, as some estimates have it more than a hundred times higher.

On Monday, the European Commission announced €125 million in emergency funding for European farmers hit by the Russian trade ban

Economists at ING estimate the embargo could cost the European Union €6.7 billion ($9 billion) during a year of lost production. The report also sees 130,000 jobs at risk in the trade row between Russia and the West over Ukraine.

The European statistics office, Eurostat, said the ban - which bars meat, dairy, cheese, fruit and vegetables from all 28 EU member states, affects €12 billion ($16 billion) worth of EU exports, or 10 percent of the total.

Aug 20 07:58

The poor get poorer: Low-wage jobs still dominate

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

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

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

Aug 20 07:51

Things That Make You Go Hmmm...Like Gold's Sudden Ignorance Of Geopolitical Risk

The last time the world faced a meaningful threat of a large-scale conflict between East and West, the gold price soared. This time it hasn’t moved. Why?

Aug 20 06:53

Uh-oh: Stock buybacks are on the decline

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

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

Aug 20 06:52

Municipal Bonds: The Bait in the Trap

Aug 20 06:05

10-year JGB yields near 0.5%

Aug 20 06:00

Paul Craig Roberts: Putin should meet privately with European Leaders

Putin could tell Europeans that by disassociating from Washington’s foreign policy and adopting foreign policies that serve their own interests instead of Washington’s, Europeans have nothing to lose but their chains of vassalage.

Putin could explain to Europeans that Russia is prepared to guarantee Europe’s security and, therefore, that Europe does not need Washington’s guarantee against a nonexistent Russian threat.

If this very reasonable and diplomatic approach to Europe fails, then Russia and China know that they must prepare for war.

Aug 20 05:11

Ukrainian coal industry loses $23 million over war in east Ukraine

Ukraine’s coal industry lost $22.84 million in July over the continued military operations in the country’s east, First Deputy Energy and Coal Minister Yuriy Zyukov said on Wednesday.

The Ukrainian coal industry’s decline has been unprecedented since World War II, the first deputy minister said.

“We lost 297 million hryvnias in July alone due to the continued war [in east Ukraine] and failed to produce 315,000 tons of coal as planned,” he said.

“We have lost about 420,000 tons of coal since the start of the year,” Zyukov said.

From 30 to 35 coalmines in east Ukraine are not working mainly due to the absence of electricity and, as a result, mine flooding,” the first deputy energy and coal minister said.

Aug 20 00:47

The Bitcoin Novelty – A Revolutionary Idea

Waking Times

Even though the crypto currency, Bitcoin, isn’t exactly new, it still hasn’t infiltrated the mainstream ethos. But it’s getting there. You may have heard the term outside the fringe Internet message boards, or dark bar alleyways—that seemingly hacker-fancied geekdom thing that probably sprang from 4chan or Anonymous—but you probably didn’t understand it or, better yet, you probably didn’t want to. And who wouldn’t? What with most money and economic language so obscure and blathering it makes economists and Wall Street walkers seem like members of a secret money society or currency cult.

Aug 19 22:35

Average Price of Ground Beef Hits All-Time High

The average price for all types of ground beef per pound hit its all-time high — $3.884 per pound — in the United States in July, according to data released today by the Bureau of Labor Statistics (BLS).

Aug 19 22:08

Ukraine’s Next Crisis? Economic Disaster

Aug 19 18:45

US housing: hope vs reality

Aug 19 18:10

Why Barclays Sees Waning Bull Market

Aug 19 17:31

David Morgan’s latest silver forecast

Aug 19 15:50

The Beveridge Curve hysteresis and the long-term unemployed

We now have far more unemployed and underemployed workers for the same level of job openings.

Aug 19 14:41

How Much Does It Cost America To Blow Up American Weapons?

You do know one thing, though: the only real beneficiary is the US military-industrial complex which built the weapons being used for both sides, and which are now being put into "accelerated obsolescence", meaning an upgrade cycle is imminent as one or both sides are eager to restock. And who provides the funding for such "restocking"? Why the same banks that the US DOJ is "punshing" with vicious wristslaps of million dollar fines here, and multi-million dollar settlements there such as HSBC and JPM, thereby reducing the total profit on funding global warfare by "money-laundering" institutions to only tens of billions.

Rinse. Repeat.

Aug 19 14:40

Palladium Rises To 13-Year High

Aug 19 13:32

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

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

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

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

Webmaster's Commentary: 

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

Aug 19 12:56

OBAMA'S CLASSMATE WARNS OF ECONOMIC COLLAPSE

Aug 19 12:52

How I beat a Speeding Ticket in California Superior Court of Appeals (Without A Lawyer)

I always encourage everyone to fight their traffic tickets and keep your hard-earned money in your pocket instead of surrendering it to the corrupt state. I've beaten about 15 tickets since I learned how to properly fight the revenue agents in 2001. One victory which was particularly gratifying was a speeding ticket I received in Upland, CA in 2002. I was initially convicted of speeding, but appealed and won in California Superior Court of Appeals, when a panel of three Superior Court Appellate Judges ruled for me and threw out the phony conviction. This was pretty easy to do, and I encourage everyone else to do so. I finally got around to scanning my 4-Page legal brief and the Appeals Court 7-page decision.

Aug 19 12:17

HUNGER IN AMERICA: 1 IN 7 RELY ON FOOD BANKS

Aug 19 12:02

Peak Inequality: The .01% And The Impoverishment Of Society

An extensive analysis of economic conditions and government policy reveals that the need for significant systemic change is now a mathematical fact. Corruption, greed and economic inequality have reached a peak tipping point. Due to the consolidation of wealth, the majority of the population cannot generate enough income to keep up with the cost of living. In the present economy, under current government policy, 70% of the population is now sentenced to an impoverished existence.

Aug 19 11:58

For the last 15 years, at least $77 million in sophisticated counterfeit $100 bills have flooded into the country from Israel.

Government breaks up ring that circulated counterfeit $100s for 15 years

Aug 19 11:21

Wall Street banks ‘may desert UK for Ireland’ if Britain leaves EU

Wall Street banks could abandon Britain for the Republic of Ireland if the UK decides to leave the EU, senior figures in the industry have reportedly said. This is despite a Forbes report that names London the world’s ‘most influential city’.

Changes to EU banking rules could see London stripped of its financial preeminence. Some major institutions including Bank of America, Citigroup and Morgan Stanley are believed to be drawing up plans to desert the City amid concerns the UK is drifting further from the EU.

Aug 19 11:06

Snyder: “A Major Event Just Happened In Financial Markets”

Did you know that a major event just happened in the financial markets that we have not seen since the financial crisis of 2008? If you rely on the mainstream media for your news, you probably didn’t even hear about it.

Aug 19 09:30

Mass Produced Security Robots Introduced in U.S.

Activist Post

While debate continues to rage about the threat of autonomous "killer robots," the mechanized replacement of humans continues across the workforce. In fact, the robotics industry notched record sales in the first half of 2014 in North America, and there appears to be no indications of a slowdown.

Security robots have become a special area of interest for developers...

Aug 19 09:02

How the New Monopoly Capitalism Will Crush You to Smithereens

Something wicked has crept into American society, something that many hoped was left back in the dustbins of the 19th century. We’re talking about monopoly, the ogre that screams capitalism run amok. Monopolies, or near-monopolies, as are most common in America, rise up through a lack of competition.

Aug 19 08:07

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

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

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

Aug 19 08:04

Must See Charts and Analysis: This Is Your Recovery And This Is Your Recovery Without Drugs

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” – Thomas Jefferson

Aug 19 07:39

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

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

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

Aug 19 07:24

AVERAGE COST OF RAISING A CHILD HITS $245,000

Aug 19 07:20

Major US City Loses 9000 Jobs In July

Aug 19 07:17

What if Oil Bids Directly for Gold

Aug 19 06:43

How neonicotinoid pesticides are poisoning Canada's agriculture

Meanwhile, neonicotinoid usage is soaring. According to Health Canada's Pest Control Sales Reports, sales went from just over 100,000 kg in 2008 to nearly 300,000 kg in 2010. Two neonicotinoids, thiamethoxam and clothianidin, vaulted into the top 10 list of insecticides -- even though only small amounts of these compounds are applied per hectare because of their high toxicity.

Pesticide-coated seeds accounted for most of the increased sales. Neonicotinoid use has grown to the extent that it is difficult for Canadian farmers to buy seeds for major crops such as corn and soybeans (and soon, wheat) that aren't treated with these nerve poisons.

This means ever-increasing levels in our food. In a study published in 2014, researchers at the Harvard School of Public Health analyzed fresh fruits and vegetables purchased from neighbourhood grocery stores in Boston. They found that "all fruit and vegetable samples (except nectarine and tomato) and 90 per cent of honey samples were detected positive for at least one neonicotinoid; 72 per cent of fruits, 45 per cent of vegetables, and 50 per cent of honey samples contained at least two different neonicotinoids."

Aug 19 06:16

What Effect Would Ebola Have On Our Economy?

The Economic Effects of Ebola

Preface: Ebola will obviously have a devastating effect on those areas of West Africa where the disease is currently raging. After all, no one wants to travel to an Ebola hot spot. But this essay focuses on the effects of Ebola on economies in the developed world.

If Ebola came to our country, what effect would it have on the economy?

Aug 19 05:34

Russian sanctions to hit Dutch exports by $400 million euros: stats office

Sanctions Russia has imposed on agricultural products from the European Union will cut Dutch exports by "at least 300 million euros" ($400 million), based on 2013 figures, Statistics Netherlands said on Tuesday.

The total value of food exports to Russia, including fruit, vegetables, meat and dairy products, was 500 million euros in 2013. Those exports generated 300 million euros for Dutch businesses, while 200 million went to service providers in neighboring countries, the bureau said.

The Russian measures - a response to sanctions against Moscow for its annexation of Crimea and what the EU says is its failure to curb separatist rebels in eastern Ukraine - could not come at a worse time for the Netherlands, the 5th largest economy in the euro zone, as it struggles out of recession.

Aug 19 04:53

Bulgaria Halts South Stream Pipeline Again As NATO F-15s, Troops Arrive

As we detailed previously, Bulgaria had been an enthusiastic supporter of the Russian-backed South Stream gas pipeline project, whose construction has stoked tensions between the West and Moscow as it enabled gas supply to bypass troubled Ukraine (thus squeezing the desparate economy back into Russia's hands). In early June, Bulgaria's Prime Minister Plamen Oresharski ordered an initial halt (after Europe offered the nation's suddenly collapsing banking system a lifeline). This time, Energy Minister Vasil Shtonov has ordered Bulgaria’s Energy Holding to halt any actions in regards of the project as it does not meet the requirements of the European Commission. Of course, we assume this decision (to halt a 2nd time) is entirely independent of NATO's deployment of 12 F-15s and 180 troops to Bulgaria's Graf Ignatievo Air Base.

Aug 18 21:30

Must See Charts and Analysis: This Is Your Recovery And This Is Your Recovery Without Drugs

The arrogance, hubris and contempt for morality displayed by the ruling class is breathtaking to behold. They think they are untouchable and impervious to norms followed by the rest of society. They may have won the opening battle, but will lose the war. Discontent among the masses grows by the day. The critical thinking citizens are growing restless and angry. They are beginning to grasp the true enemy.

Aug 18 19:08

Max Keiser says he quit "The Oracle" series on BBC because he wasn't allowed to mention Israel

The perfect example of Jewish Supremacist control of BBC output comes with the well-known and respected financial journalist Max Keiser. Commissioned to do a series called “The Oracle” for BBC World News, Keiser quit after ten episodes—because, as he announced on Twitter:

“The reason I quit my BBC show; got strict orders not to mention Israel in any context. This kind of censorship leads to #Gaza horror.”

In other words, Keiser, who now works for the RT news channel, was allowed to mention anything at all—except Israel, and by implication, Jews and the Jewish role in world financial scandals and problems.

In a second Twitter comment on the same subject, Keiser said that the BBC has a “‘no go’ policy re: Israel.”

He then linked to an article showing how the British government was actually arming Israel, and posed the question “Is this why? Revealed – Britain’s ‘role’ in arming Israel.”

Aug 18 18:59

What The World Bank Actually Does

As many have heard by now, the leaders of the so-called BRICS nations – Brazil, India, China, Russia and South Africa – used the occasion of the 6th BRICS Summit in Brasilia, Brazil to announce the creation of the long-awaited BRICS Development Bank.

Aug 18 16:23

What The World Bank Actually Does

As many have heard by now, the leaders of the so-called BRICS nations – Brazil, India, China, Russia and South Africa – used the occasion of the 6th BRICS Summit in Brasilia, Brazil to announce the creation of the long-awaited BRICS Development Bank.

Aug 18 16:10

The Five Most Important Reasons To Hold Gold

Aug 18 16:08

UK Home Prices Have Biggest August Plunge On Record As Russian Sanctions Sink In

London home prices fell in August by 5.9%, the plunge the biggest since Dec 2007 (and 2nd biggest drop on record). Since western sanctions on Russian oligarchs hit 3 months ago, home prices have fallen in London (especially the highest-end regions, such as Kensington -7%) and now that weakness is accelerating and spreading across the entire UK. As Rightmove reports, the 2.9% drop in UK home prices is the worst August on record. How long before the UK pulls back on its 'support' for US sanctions? Costs, indeed?

Aug 18 16:04

Why So Much Anger In Ferguson? 10 Facts About The Massive Economic Gap Between White America And Black America

When people feel like they don't have anything else to lose, they are likely to do just about anything. Many in the mainstream media seem absolutely mystified as to why there is so much anger in Ferguson, but as I pointed out yesterday, all of this anger did not erupt out of a vacuum. Economic conditions in Ferguson, and for African-Americans as a whole, have been deteriorating for years....

Aug 18 15:51

Cost of Raising A Child: $245K

Aug 18 15:41

Geopolitical risks hit US consumer

Aug 18 15:20

The REAL Looting Is Happening On Wall Street … Not In Ferguson, Missouri

Who Are the Worst Looters?

The looting in Ferguson, Missouri is inexcusable.

The hoodlums – apparently out-of-towners – are not only stealing and destroying private property for no good reason, but they are giving the peaceful protesters against the shooting of Michael Brown a bad name, and provoking an armed (and over-militarized) response by the police.

Aug 18 14:08

Commodities Flashing A Major Warning Sign

Aug 18 11:53

Report: #BlockTheBoat Protesters shut down port AGAIN as Zionist owned ZIM cargo ship docks in Oakland port. Workers sent home

#blocktheboat in #solidarity #Gaza in #Oakland Port #BlockTheBoat #FreePalestine #punkboyinsf

#OccupyOakland #OSF

Aug 18 11:11

Jesse Jackson Gets Booed Off Stage After Asking For Money

Opportunist Jesse Jackson Asks For Donations In Ferguson

Aug 18 10:12

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

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

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

Webmaster's Commentary: 

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

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

But...

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

Aug 18 08:39

Billionaire Found in Middle of Bribery Case Avoids U.S. Probe

In the thriving business of global bribery -- which the World Bank says amounts to $1 trillion in illicit payments annually -- guilty pleas like the one by Alcoa’s unit are rare

Aug 18 07:16

CEOs earning 143 times more than company averages, pay study shows

The bosses of Britain's 100 biggest listed companies are earning on average 143 times more than their staff, according to data that exposes the growing imbalance between how the nation's workforce and its business leaders are rewarded.

The pay gap is widest at Rangold Resources, where boss Mark Bristow was paid £4.4m last year, nearly 1,500 times that of his average employee, many of whom work in the company's African mines. The study, published today by the High Pay Centre, also singles out marketing giant WPP and the retailer Next, both companies with large British workforces.

WPP founder, Sir Martin Sorrell, received nearly £30m last year, 780 times the £38,000 earned by his average worker. At Next, Lord Wolfson received £4.6m, while his staff, most of whom work on the shop floor, typically took home £10,000 – about 459 times less than their boss.

Aug 18 07:14

Government breaks up ring that circulated counterfeit $100s for 15 years

For the last 15 years, at least $77 million in sophisticated counterfeit $100 bills have flooded into the country from Israel.

Aug 18 06:33

Don't Think It Won't Happen Just Because It Hasn't Happened Yet: Loss of Faith in the Fed

Much of the supposedly godlike power of central banks is participants' faith in their powers to control not just finance but the real world that can be leveraged by finance.

The Grand Narrative of the global economy since the 2008 financial meltdown has been: whatever the problem, zero interest rates and more credit will fix it. Too much debt? Zero-interest rates and more credit will fix that. Government spending far exceeds tax revenues? Zero-interest rates and more credit will fix that. Economy sluggish? Zero-interest rates and more credit will fix that. Few jobs being created? Zero-interest rates and more credit will fix that.

Aug 18 06:29

Americans’ optimism is dying

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

And now it is gone.

Aug 18 05:40

Israeli food makers seek solution to EU settlement sanctions

Israeli manufacturers are preparing for increased limitations on imports to the European Union of products produced in the settlements. The European Union may ban outright foods grown or raised in Israeli settlements or manufactured foods using raw materials from settlements.

The EU bans the import of organic produce from settlements. From September 1, it will block the entry of all animal products, including eggs, poultry and dairy. Israeli industry figures fear the ban could be extended to conventionally grown produce and will force Israel’s food export industry from using produce grown in the settlements.

Aug 18 02:19

You Have ‘Near Zero’ Impact On Policy, Determines Princeton Study

Is America really the most free country on the planet? Despite what patriots may tell themselves, several new studies say ‘no.’ A shocking new report from Princeton University Professor Martin Gilens and Northwestern University Professor Benjamin Page found that the average American has a “near-zero” impact on U.S. policy, both domestic and foreign.

Aug 17 21:23

What world do you live in? Putin, East Ukraine and the Old World Order

It's difficult (in a face-palm kind of way) to listen to people, even well-informed educated people and 'experts', opine on global politics when they are clearly ignorant of (or studiously ignore) this most important fact. There is no 'democracy' in this world, and there has not been for, oh... forever. Western populations are so damn dumbed down and dissociated that they actually can't figure out that nothing of any significance changes with a change of government, despite all the evidence before them. In fact, it's worse than that, things do change, but for the worse from the point of view of the average citizen. Who will argue that Western warmongering and the divide between rich and poor has increased dramatically over the past 40 years? How many administrations does that period comprise, about 10? Democrat, Republican, Democrat, Republican... Whoopee frickin' doo. In the UK, it's Conservative, Labour, Conservative, Labour... In both countries, the supposedly 'bleeding-heart lefty' Democrat and Labour governments fronted by Tony Blair and then Obama actually out-warmongered their supposedly traditionally uber-warmongering opposition parties.

How do you explain that? Easy. There is no difference between them because neither of them, as parties or Presidents or Prime Ministers, actually control anything of any significance. Someone else does.

Aug 17 19:05

Russia launches China UnionPay credit card

Forget Visa and MasterCard. After the two American credit system payment companies froze accounts without notice in March, Russia has been looking for an alternative in China UnionPay.

China UnionPay plans to have 2 million cards in Russia in the next three years.

Instead of seeing the small Visa and MasterCard logo on credits cards, ATMs, and retail outlets, Russians will start to see the three words “China. Union. Pay.”

Aug 17 17:28

Europe Is Tanking, QE Is Coming

Aug 17 14:31

Upcoming Cataclysmic Decisions

Aug 17 12:07

The Run

Aug 17 11:53

Stock Market CRASH, Bank Run, and Hyperinflation Coming

Mark Carney confirms contingency plans after Scottish bank run warning
The Bank of England Governor says uncertainty over a separate Scotland's currency could cause financial instability following warnings people would move their savings south of the Border.
Soros Fund Management increased a bear-call bet on the S&P 500
Paulson holds onto gold ETF, Soros adds gold miners in Q1
U.S. Investment Outflow Hits Record as China Cuts Holdings
The 15 US Cities Where Poverty Is Soaring Fastest

Aug 17 10:54

Argentina's Financial Collapse

A 2001 documentary that covers the financial collapse in Argentina from the perspective of the Argentinians who suffered during it – many losing their life savings. It chronicles the history of loans and the ensuing debt slavery that much of South America has been under for more than a century.

Aug 17 09:33

When it comes to austerity, Germans want it both ways

Dr Eckhard Lubkemeier, the outgoing German ambassador to Ireland, who explained that it had been in Ireland's best interests to take the EC/ECB/IMF bailout rather than burn the bondholders and walk away.

Aug 17 08:19

Jim Rickards on the Global Depression

Aug 17 07:40

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

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

Aug 17 07:38

The Consumer Lacks Confidence: Stemberg

Aug 17 07:27

Russia may impose additional tax on foreign fast-food

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

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

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

Aug 17 06:52

Twelve Basic Principles of Energy and the Economy

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

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

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

Aug 16 17:19

Obama’s Secret TPP Deal Would Be Disastrous For America

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

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

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

Aug 16 14:03

Stop the Police Tobacco-Related Murders of Black Guys

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

Aug 16 13:07

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

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

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

Aug 16 12:30

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

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

Aug 16 10:59

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

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

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

Aug 16 10:46

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

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

Webmaster's Commentary: 

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

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

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

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

Aug 16 09:52

Utility vs Store of Value

Aug 16 09:37

Gaza, Ukraine: The War Drums are Sounding the Alarm

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

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

Webmaster's Commentary: 

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

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

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

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

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

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

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

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

Aug 16 09:04

Europe’s Greater Depression is worse than the 1930s

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

It's a greater depression.

Webmaster's Commentary: 

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

Aug 16 09:01

US Postal Service officials report $2B loss this spring

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

Webmaster's Commentary: 

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

Aug 16 08:26

ALL WARS ARE BANKERS' WARS! THE ORIGINAL ARTICLE

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

Webmaster's Commentary: 

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

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Aug 16 08:26

Stocks Stumble: Is Ukraine to Blame?

Aug 16 08:05

Russia Sanctions Blowback: EU Takes The Hit For USA

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

Aug 16 07:55

Fracking – another commodity bubble of our times

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

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

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

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

Aug 16 07:08

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

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

Aug 15 16:36

Why House Down Payments Are on the Rise

Aug 15 14:04

Russia Remains Finland’s Number One Trade Partner – Putin

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

Aug 15 14:02

Spanish public debt tops €1 trillion-mark

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

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