ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Dec 08 20:22

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

Some call it hype. Some call him a crackpot.

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

Now he has another target date...

Dec 08 19:38

Stefan Molyneux Economic Collapse Warning Sign You Need To Know

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

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

Dec 08 18:06

Analyzing Earnings As Of Q3 2014

Dec 08 17:19

Revealed: how the wealth gap holds back economic growth

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

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

Dec 08 17:16

Record demand for food banks in Cornwall

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

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

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

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

Dec 08 17:14

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

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

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

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

Dec 08 16:22

Average Federal Spending Per Household Nearly $30K

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

Dec 08 15:29

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

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

Webmaster's Commentary: 

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

Dec 08 14:30

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

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

Dec 08 14:23

BEIJING WE’VE GOT A PROBLEM

Dec 08 13:44

The Wages of Global Capitalism

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

Dec 08 12:10

House GOP struggling as shutdown deadline looms

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

What could possibly go wrong?

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

Webmaster's Commentary: 

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

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

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

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

Dec 08 11:57

Russia cancels trains to Ukraine

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

Dec 08 11:56

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

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

Dec 08 11:43

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

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

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

Dec 08 11:29

The Baltic Dry Index: 2008 vs 2014

Dec 08 11:22

New Study Claims US Shale Gas Quantities Grossly Exaggerated

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

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

Dec 08 09:54

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

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

Dec 08 09:52

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

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

Dec 08 09:50

NATO Prepositions Weapons in Poland for Attack on Russia

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

Webmaster's Commentary: 

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

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

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

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

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

Dec 08 09:35

Americans Are The New Indian: Russell Means

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

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

Dec 08 09:35

A Magician Explains the 'Money Illusion'

Dec 08 09:31

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

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

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

Dec 08 09:31

Brent crude hits new 5yr low

Dec 08 09:11

"Riddles" Surround 36th Dead Banker Of The Year

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

Dec 08 08:53

SLAIN MASSMUTUAL EXECUTIVE HELD WALL STREET “TRADE SECRETS”

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

Dec 08 08:44

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

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

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

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

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

Dec 08 08:38

McDonalds Implodes, Reports Worst US Sales In Over A Decade

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

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

Dec 08 08:23

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

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

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

Dec 08 08:21

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

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

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

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

Dec 08 07:20

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

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

Dec 08 06:29

ECB's Nowotny says euro zone economy weakening massively

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

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

Dec 08 06:06

Mismanagement allegations at Pearl Harbor memorial

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

Dec 08 02:33

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

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

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

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

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

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

(read more)

Dec 07 20:05

Italian protesters, police clash near Milan’s La Scala

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

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

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

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

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

Dec 07 20:02

Japan's third quarter recession deeper than forecasted

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

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

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

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

Dec 07 18:44

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

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

Dec 07 17:27

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

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

Dec 07 17:21

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

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

Dec 07 17:06

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

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

Dec 07 16:58

The Most Elementary Question Must Not Be Asked

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

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

Dec 07 16:54

Even The BIS Is Shocked At How Broken Markets Have Become

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

Dec 07 16:24

Chinese Firm Planning a Canal Through Nicaragua Has PLA Ties

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

Dec 07 14:29

FLASHBACK 2013 - Hungary Sheds Bankers’ Shackles

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

Dec 07 12:10

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

Kiev Regime – a Disaster Awaiting Meltdown

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

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

Dec 07 12:06

Ukraine’s Made-in-USA Finance Minister

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

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

Dec 07 09:55

Jim Grant Is Still Very Bullish On Gold

Dec 07 09:48

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

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

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

Dec 07 09:47

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

Dec 07 09:36

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

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

Dec 07 09:15

Waging War Against Expensive Medications

Dec 07 09:08

Belgium Investigating To Repatriate All Gold Reserves

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

Dec 07 08:10

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

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

Dec 07 07:50

Russia's Central Bank Hit by Accusations of Sabotaging Ruble

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

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

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

Webmaster's Commentary: 

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

Dec 06 19:37

WARNING: Economic CRASH 2015 Decoded IMF

Dec 06 13:06

More than 100% of SPY gains occur overnight

Dec 06 12:49

Italy's credit rating lowered by S&P

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

Dec 06 11:24

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

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

Dec 06 11:14

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

It's Official (Finally)

Dec 06 10:41

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

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

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

Dec 06 10:35

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

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

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

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

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

Dec 06 09:36

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

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

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

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

Webmaster's Commentary: 

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

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

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

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

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

Dec 06 08:59

Jeykll Islands About To Break!!

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

Dec 05 22:34

Here It Comes Seattle: “Stupidity Has A Price”

Stupidity has a price — in this case the price is that you get to live under a freeway overpass.

Dec 05 18:11

Historical Weakness in December's Second Week

Dec 05 17:32

Rick Rule: Keep control of your own gold

Dec 05 14:49

Labor Force Participation Remains at 36-Year Low

The labor force participation rate remained at a 36-year low of 62.8 percent in November, according to the Bureau of Labor Statistics.

Dec 05 13:51

CREATOR OF ‘LIBERTY DOLLAR’ SENTENCED TO HOME DETENTION

Bernard von NotHaus, who was convicted in 2011 of counterfeiting charges for minting and distributing a form of private money called the Liberty Dollar, has finally been sentenced. U.S. District Judge Richard Vorhees upheld the conviction but sentenced 70-year old NotHaus to only six months house arrest. Federal prosecutors had asked for a sentence of between 14 and 17 years in prison.

Dec 05 13:34

Americans Bought More Guns Than Flat Screen TV’s On Black Friday

Shoppers participating in the post-Thanksgiving consumerist phenomenon known as Black Friday typically tend to purchase useless material possessions they don’t really need.

This past holiday, however, many Americans demonstrated that they’re more interested in their Second Amendment rights than flat screen TVs or cheap DVDs.

According to the FBI, last Friday saw a staggering 175,000 background checks processed via the agency’s National Instant Criminal Background Check System, a number the agency says made Friday the second highest gun purchase day ever.

Dec 05 11:22

Growth forecast for German economy slashed in HALF after ECB keeps eurozone investors waiting for money-printing stimulus

Germany's economic growth next year will be half the level previously expected, according to forecasts from its central bank today.

The Bundesbank slashed its 2015 growth forecast for Europe's largest economy to 1.0 per cent next year, compared with its June estimate of 2.0 per cent.

The drastic downgrade comes after the European Central Bank disappointed investors yesterday by failing to pull the trigger on monetary stimulus for an ailing eurozone that faces the twin threats of recession and deflation.

Dec 05 10:51

The U.S. Spent $7 Billion Developing This Helicopter It Never Built

The Kiowa Warrior is slated to retire in 2025, the Chinook in 2035, and both the Apache and Black Hawk will be gone by 2040. We thought we had a suitable replacement for all of these platforms in the Boeing-Sikorsky RAH-66 Comanche. But then, this next-gen stealth chopper vanished in a puff of bureaucratic smoke.

Dec 05 09:31

Silicon Valley clears out notorious homeless ‘Jungle’ camp

Authorities began Thursday dismantling a notorious homeless camp known as “The Jungle” in the heart of California’s affluent Silicon Valley.

Municipal workers in white overalls and face masks moved into the camp along a creek in San Jose, where some 300 people live in tents and other makeshift lodging.

The encampment, only a few minutes away from the city’s downtown district, is home to people forced out of an overheating rental market as lucrative tech companies moved in in recent years.

“We have been rehousing for the last 18 months,” San Jose city spokesman David Vossbrink told AFP, saying they had found places for some 140 people in shelters, with some in hotels and motels.

Some 60 other people had received offers of rent subsidies but have not yet found somewhere to live, he added.

The operation to close down the camp will last two or three weeks, and will include putting up a reinforced fence to prevent anyone coming back and settling in again.

Webmaster's Commentary: 

I am stunned that apparently, San Jose is unable to learn that there are far better ways of handling this than just chasing the indigent out of homeless encampments. As reported at nationofchange.org:

In eight years, Utah has quietly reduced homelessness by 78 percent, and is on track to end homelessness by 2015. How did Utah accomplish this? Simple. Utah solved homelessness by giving people homes. In 2005, Utah figured out that the annual cost of E.R. visits and jail stays for homeless people was about $16,670 per person, compared to $11,000 to provide each homeless person with an apartment and a social worker. So, the state began giving away apartments, with no strings attached. Each participant in Utah’s Housing First program also gets a caseworker to help them become self-sufficient, but they keep the apartment even if they fail. The program has been so successful that other states are hoping to achieve similar results with programs modeled on Utah’s. It sounds like Utah borrowed a page from Homes Not Handcuffs, the 2009 report by The National Law Center on Homelessness & Poverty and The National Coalition for the Homeless. Using a 2004 survey and anecdotal evidence from activists, the report concluded that permanent housing for the homeless is cheaper than criminalization. Housing is not only more human, it’s economical. This happened in a Republican state! Republicans in Congress would probably have required the homeless to take a drug test before getting an apartment, denied apartments to homeless people with criminal records, and evicted those who failed to become self-sufficient after five years or so. But Utah’s results show that even conservative states can solve problems like homelessness with decidedly progressive solutions.

Congrats, Utah State government; what you have done in this regard is monumentally inspiring, and should give a clue to the clueless in other state and city governments about how to solve the problem of homelessness permanently, and spend much less of the state's money in the process.

Dec 05 09:10

Obama: "It's not a sexy argument to make to the public, but we are younger than our competitors. And that is entirely because of immigration."

Obama had some interesting admissions to make at a speech he made th the Business Roundtable Tuesday in Washington, D.C.
He began "It's not a sexy argument to make to the public, but we are younger than our competitors. And that is entirely because of immigration...And we should want that to continue."

Regarding the mass exodus of illegal alien children into the U.S. earlier this year, Obama condescendingly remarked "There was a spike in concern about the borders because those kids had been coming up from Central America during the summer and it got two weeks of wall-to-wall coverage until everybody forgot about it."

Dec 05 08:57

Shale Liquidations Begin? Sub-$50 Oil Appears In North Dakota

When ISIS dared to steal and sell oil at below market rates, they were dire pirates that needed to be destroyed (and anyone who dared to buy it was pariah). So when, as Bloomberg reports, crude sold at the wellhead in the Bakken shale region in North Dakota fell to $49.69 a barrel on Nov. 28 (according to the marketing arm of Plains All American Pipeline), you know there is an issue in the US Shale industry. As one analyst notes, "to a producer in Wyoming, if Brent’s $70 then I’m at $50, then I have to start asking does it economically make sense to keep drilli

Dec 05 08:49

Crashing Yen Leads To Record Number Of Japanese Bankruptcies

Last week, Zero Hedge first showed a chart so simple, even a Krugman could get it: at this point (and really ever since USDJPY 110 and higher), any incremental Yen devaluation is destructive for the Japanese economy, leading to an unprecedented surge in defaults. And here is Japan Times confirming what we said, with a report that "Corporate bankruptcies linked to the yen’s slide hit a new record in November, highlighting the strains on small and midsize companies as Prime Minister Shinzo Abe campaigns for re-election on his deflation-busting economic strategy."

Dec 05 08:34

Why Britain's bill for foreign aid 'is set to rise by £1bn': Cost to taxpayers set to go up because national income has risen

While other departments have seen their spending slashed over the past four years, foreign aid has been ring-fenced and was set to hit £12billion by the end of this year.

Under the new calculations, it should rise to £12.4billion this year to meet the target – effectively giving the Department for International Development three weeks to spend another £400million.

Next year, the aid budget would have to increase by £550million to £12.75billion.

Dec 05 08:33

Osborne is banking on a £360billion borrowing binge using credit cards and overdrafts to make his figures add up

George Osborne is banking on the British public maxing out credit cards in a £360billion spending spree to make his figures add up.

By the end of the decade, official forecasts expect us to have run up almost £800billion in unsecured loans, overdrafts and credit cards, up from just £430billion today.

The huge increase in household debt is required to fuel the economic growth which the Chancellor hopes will help to balance the books by 2018.

Dec 05 08:26

These bastards are the cause of all global strife

Dec 05 08:20

Cutting Russia out of SWIFT banking system would mean ‘war’ – head of VTB

Excluding Russia from the global SWIFT banking transactions system is another form of sanctions and would mean “war,” said Andrey Kostin, head of VTB Russia’s second largest bank, adding that should it happen Russia has a “Plan B.”

Dec 05 08:16

New G20 Rules: Cyprus-style Bail-ins to Hit Depositors AND Pensioners

On the weekend of November 16th, the G20 leaders whisked into Brisbane, posed for their photo ops, approved some proposals, made a show of roundly disapproving of Russian President Vladimir Putin, and whisked out again. It was all so fast, they may not have known what they were endorsing when they rubber-stamped the Financial Stability Board’s “Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution,” which completely changes the rules of banking.

Russell Napier, writing in ZeroHedge, called it “the day money died.” In any case, it may have been the day deposits died as money. Unlike coins and paper bills, which cannot be written down or given a “haircut,” says Napier, deposits are now “just part of commercial banks’ capital structure.” That means they can be “bailed in” or confiscated to save the megabanks from derivative bets gone wrong.

Webmaster's Commentary: 

In other words, the bankers created this derivatives mess and have now rigged it so when it implodes, YOU pay the losses!

Dec 05 07:46

Fedex CEO, Skull & Bones Member, Urges Obama to Pass a 15-Cent-Per-Gallon Fuel Tax Hike

Frederick W. Smith, CEO of FedEx, had a lengthy discourse with President Obama Tuesday at the Business Roundtable meeting and urged Obama to raise the nation's fuel tax by fifteen cents per gallon.
In their discussion, Smith promoted a law being sponsored in Congress which calls for the tax increase as well as an eventual road usage charge. Being the CEO of one of the largest transportation companies, one might assume that the likes of Smith would oppose such a drastic fuel tax increase. Independent truck drivers would surely oppose such a measure, as it would cut into their profits substantially. But that doesn't concern ivy league oligarchs such as Smith, who's a 1996 Yale grad, Skull & Bonesman, and pal of George W. Bush and John Kerry. I hereby call for a boycott of these MFers at FedEx.

Dec 05 07:25

The Kansas City of the Heart and Mind.

This can be a cold and seemingly pitiless world. I've seen some amount of that but I am certain I haven’t seen anywhere near the degree of it that some have. The sheer scale of suffering on any given day on this planet is beyond the grasp of any human imagination. Generally we do not know the extent of the suffering, or the level of depravity of the offenses because, in most cases, the news delivery systems are controlled by the people most responsible, over all, for the large majority of suffering world wide; that was some pretty messed up sentence structure but I’m going to go with it.

Dec 05 07:24

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

Do you ever feel like you are living in a “Bizarro World”? That is how I feel much of the time. I look around and it seems as though some form of mass psychosis has descended on most of the population.

Dec 05 06:27

Obama: "I haven't said this publicly, so I've got to be careful here. You get a little looser in your last two years of office."

President Obama warned of a "disquiet in the general public," an "undertow of pessimism" and "Americans feeling as if their wages and incomes have stagnated" during his speech Tuesday at the Business Roundtable. He also quipped "I love signing bills" to an outburst of laughter from the crowd. There are many other gems from this speech and LibertyFight.com waded through it for you to find the best ones, including his comments on the topics of free trade, immigration, infrastructure repair, Putin's "backward-looking" nationalism, and China "embarrassing" the U.S., "carbon emissions that cause climate change," and tax reform.

Dec 05 06:12

D.C. Perverts Flank Cardboard Cutout of Ronald Reagan, Seeking to Increase Fuel Tax By Fifteen Cents Per Gallon!

H.R.3636, known as the UPDATE ACT, was promoted by a bipartisan duo of Congressman who were flanked by a life-size cutout of Ronnie Reagan earlier this week. Democrat Earl Blumenauer and Republican Tom Petri are cosponsoring the bill, which incredibly calls for a 33.3 cents per gallon tax on gasoline and 39.3 cents per gallon tax on diesel fuel and kerosene. This amounts to a fifteen cent-per-gallon increase in current levels, which are 18.4 cents per gallon for gasoline and 24.4 cents per gallon for diesel fuel. Their actual stated goal is to scrap the fuel tax altogether and implement a national road usage charge tax, as the bill states: "The Commission also noted that a Federal funding system based on a vehicle miles traveled system, is the consensus choice for the future. It is the sense of Congress that by 2024 the gas tax should be repealed and replaced with a more sustainable, stable funding source."

Dec 04 18:06

‘Near Perfect’ Indicator That Precedes Almost Every Stock Market Correction Is Flashing A Warning Signal

Are we about to see U.S. stocks take a significant tumble? If you are looking for a “canary in the coal mine” for the U.S. stock market, just look at high yield bonds.

Dec 04 17:16

Is $40 Oil Possible?

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