Nov 11 10:20

Chinese marine geologists have discovered about 500 tons of gold under the seabed in the East China Sea, local media reporte

MOSCOW (Sputnik) — The first undersea gold reserves and the largest gold deposit found in China was discovered after three years of investigations near Sanshan Island in east China’s Shandong province, 1.2 miles below sea level, the South China Morning Post newspaper reported Tuesday.

Nov 11 10:14

Global Trade Dramatically Collapsing: “Next Major Downturn Has Officially Arrived”

If you have been watching for the next major global economic downturn, you can now stop waiting, because it has officially arrived. Never before in history has global trade collapsed this dramatically outside of a major worldwide recession. And this makes perfect sense – when global economic activity is increasing there is more demand for goods and services around the world, and when global economic activity is decreasing there is less demand for goods and services around the world. So far this year, global trade is down about 8.4 percent, and over the past 30 days the Baltic Dry Index has been absolutely plummeting. A month ago it was sitting at a reading of 809, but now it has fallen all the way to 628. However, it is when you look at the trade numbers for specific countries that the numbers become particularly startling.

Webmaster's Commentary: 

When Presidential candidates palaver about "how great" this economy is, I have to wonder; "great"....for whom?!?

Right now, the economy is only "great" for the 1%.

Nov 11 10:10

Portugal rejects austerity

The fall of Portugal’s minority government is a done deal and the has trimmed its global economic projection for the second time in three months.

Nov 11 09:52

Moscow may block IMF lending to Ukraine - Bloomberg source

Russia is seeking ways to block the International Monetary Fund’s next loan payment to Ukraine if Kiev defaults on its $3 billion debt to Moscow in December; Bloomberg cites a source familiar with the matter.

The IMF’s current policy forbids it loaning to countries that default on other government debt. But last month the organization said it would go ahead with the promised $17.5 billion loan to Ukraine even if the country defaults on its debt to Russia.

Nov 11 09:38

Forty-seven million Americans live in poverty right now

The middle class in America has been disappearing because of the rapid increase in the cost of living in the United States.

Indeed, the cost of living in the United States (food, rent, medical insurance and so on) has been growing rapidly. On the federal level, the poverty threshold for a family of five makes up $28,410, although 51% of all American workers make less than $ 30,000 a year at the moment.

Nov 11 09:27

The Internet Needs a New Economy

Just a year or so ago, Bitcoin was weird. The digital “crypto-currency” had become fairly notorious as a preferred medium of exchange for hackers, outlaws, and the most strenuous libertarians. The underlying blockchain technology – a secure, distributed database requiring no central server or owner – was earning the curiosity of radicals and visionaries who saw in it the means of re-engineering the whole social order, of replacing banks and governments with distributed systems that ordinary people could manage together.

Nov 11 09:18

Western ‘Mainstream’ Extremism

Over the past quarter century, the US and EU turned their focus from systemic adversaries (anti-capitalist and anti-imperial states and movements) to attacking capitalist regimes, which (1) had adopted nationalist, re-distributive and Keynesian policies; (2) had opposed military interventions, coups and bases; (3) had aligned with non-Western capitalist powers; (4) had opposed Zionist colonization of Palestine and Gulf State-financed Islamist terrorists; (5) and had refuse to follow the financial agendas dictated by Wall Street and the City of London investment houses, speculators and vulture funds.

Nov 11 09:16

Get an Apple Watch or die warns Tim Cook

After hyping his first new product as Apple CEO to death, it appears Tim Cook is feeling the pressure to make the Apple Watch a success.

Sadly, that has not been the case and the expensive and not terribly useful wristwatch is expected to have sold just seven million units in its first year, against expectations of 30 million sales.

Not to be outdone, Our Cooky has hit the road in an effort to drum up interest, telling everyone that will listen about this tremendous product. That doesn't seem to have worked so he has turned up the pressure by warning people that if you don't get one you may die.

Nov 11 09:14

America’s Factories Are in Recession

Nov 11 09:06

Can We Hide From the Insane Master?

It’s time we lay naked the myth, expose it like ripping the shirt off a fat man’s belly. We are not a democracy. Americans are not free. Our politicians do not represent us. We have not been taught or told the truth. None. We are the new slaves.

Slaves must have a master. Yes. The master is the corporate glob that controls us, speaks for us, that provides us with our only voice, the corporate media, that uses us up for its profit, that engorges itself while masses of our people remain jobless and hungry and that uses our resources and children to extend its aggression across the world for more profit.

Nov 11 08:43

Biggest Silver Supply Losers For 2015

Nov 11 08:20

U.S. Threatens China, Russia With Nuclear Missiles For Challenging Dollar Supremacy [VIDEO]

The United States is indicating that it would sooner go to war with the Far East than suffer the defeat of an intense currency war over the rising yuan. Billionaire George Soros warned of this exact scenario earlier this year, stating that economic disputes with China provided a ‘real risk’ of triggering a third world war.


Nov 11 08:06

Large Companies Game H-1B Visa Program, Costing the U.S. Jobs

Théo Négri, a young software engineer from France, had come up with so many novel ideas at his job at an Internet start-up in San Francisco that the American entrepreneur who hired him wanted to keep him on.
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So he helped Mr. Négri apply for a three-year work visa for foreign professionals with college degrees and specialized skills, mainly in technology and science. With his master’s degree from a French university and advanced computer abilities, Mr. Négri seemed to fill the bill.

But his application for the H-1B visa was denied, and he had to leave the United States. Back in France, Mr. Négri used his data skills to figure out why.

Webmaster's Commentary: 

The reason companies are desperate for H1-B Visas is that the American education (indoctrination) system, crippled by common core, is unable to produce young people with the skills needed to keep America competitive in the modern global marketplace! American kids know what they are supposed to believe in and how to be politically correct, but they don't know how to actually think, analyze, solve problems, or innovate, because those skills have become a threat to the US ruling class.

Nov 11 08:03

Republican Candidates Rip the Fed ... Again

Ordinarily we would post something on a different topic given that our first article examined central banking. However, this report (see above) on the Republic debate is important to note, as it provides further evidence of opposition to a central Fed meme – namely that the Fed is neither competent nor providing a necessary service.

Almost a half-decade ago, we announced the Federal Reserve as a credible monetary facility was in significant difficulty and was losing support of the citizenry it was supposed to serve. Since then we've seen nothing to change that conclusion. The Fed as an institution is certainly in trouble and continues to lose credibility.

Webmaster's Commentary: 

The FED is a system of debt enslavement. It deserves to be ripped. In fact it deserves a good ass-whupping!

Nov 11 07:48

Keiser Report: Kilkenomics – Where Comedy Meets Economics

In this special double-header episode of the Keiser Report, Max Keiser and Stacy Herbert review Kilkenomics 2015 where comedy meets economics in Kilkenny, Ireland. They look at black swans, the ‘US Crisis,’ housing bubbles, the inequality of R.I.P. and the rock star economist, Yanis Varoufakis.

Nov 11 07:38

The Real National Debt: Is Krugman In Denial?

Nov 11 07:16

Germany to Spend Some $22.6Bln to Accept Refugees in 2015 - Think Tank

Berlin is expected to spend about 21.1 billion euros ($22.6 billion) this year on migrants arriving to the country, German Ifo Institute for Economic Research said in a statement.

Nov 11 07:12

Obama asks people to read TPP deal themselves

President Obama on Tuesday morning asked people to make their own judgment about the 12-country Trans-Pacific Partnership trade pact by reading it themselves online.

Webmaster's Commentary: 

We did. That's why we are pissed off!

Nov 10 19:57

Mastercard Pleases Investors with a Third-Quarter Revenue of $2.53 Billion

Mastercard’s third-quarter results topped expectations of many investors.

Nov 10 19:56

New Jobs and a Federal Reserve Interest Rate Increase May Occur By the End of 2015

Experts claim the economy is expected to pick up before the end of the year resulting in a light surge of new jobs along with a Federal Reserve interest rate increase.

Nov 10 19:55

Seven Individuals Charged $2 Billion by Federal Officials Due to Fraudulent Oil Spill Program

Seven people are being charged by federal prosecutors with fraud after allegedly charging more than $2 billion to set up a relief program for people affects by the Deepwater Horizon oil spill in 2010.

Nov 10 19:52

T-Mobile May Offer Subscribers Unlimited Data For Certain Applications

T-Mobile is releasing new features of its’ Uncarrier campaign that can cut down users’ data usage for steaming videos.

Nov 10 19:50

Stock Market Has Its' Best Month in Four Years

In October, the stock market seemed to have bounced back from an unimpressive summer.

Nov 10 19:48

Walgreens Buys Rite Aid in $17.2 Billion Deal

A new merger between Walgreens and Rite Aid, the #2 and #3 pharmacy stores in the U.S., will cause Walgreens to overtake the #1 chain, CVS.

Nov 10 18:02

How Jimmy Carter and I Started The Mujahideen

Q: The former director of the CIA, Robert Gates, stated in his memoirs [“From the Shadows”], that American intelligence services began to aid the Mujahadeen in Afghanistan 6 months before the Soviet intervention. In this period you were the national security adviser to President Carter. You therefore played a role in this affair. Is that correct?

Brzezinski: Yes. According to the official version of history, CIA aid to the Mujahadeen began during 1980, that is to say, after the Soviet army invaded Afghanistan, 24 Dec 1979. But the reality, secretly guarded until now, is completely otherwise: Indeed, it was July 3, 1979 that President Carter signed the first directive for secret aid to the opponents of the pro-Soviet regime in Kabul.

Nov 10 17:50

FLASHBACK: Sleeping With the Devil: How U.S. and Saudi Backing of Al Qaeda Led to 9/11

A little disingenuous or CUDP on the blowback angle but I like the pics and the vids!

Preface: The director of the National Security Agency under Ronald Reagan – Lt. General William Odom – noted:

Because the United States itself has a long record of supporting terrorists and using terrorist tactics, the slogans of today’s war on terrorism merely makes the United States look hypocritical to the rest of the world.

Odom also said:

By any measure the US has long used terrorism. In ‘78-79 the Senate was trying to pass a law against international terrorism – in every version they produced, the lawyers said the US would be in violation.

(audio here). Background here.

Nov 10 17:44

FLASHBACK: Al Qaeda and the “War on Terrorism”

Not to worry. Cause they are back. Those pesky Russkies are are enemy once again. Moderate terrorists are our friends!Orwell must be rolling in his grave.

One of the main objectives of war propaganda is to “fabricate an enemy”. The “outside enemy” personified by Osama bin Laden is “threatening America”.

Pre-emptive war directed against “Islamic terrorists” is required to defend the Homeland. Realities are turned upside down. America is under attack.

In the wake of 9/11, the creation of this “outside enemy” has served to obfuscate the real economic and strategic objectives behind the war in the Middle East and Central Asia. Waged on the grounds of self-defense, the pre-emptive war is upheld as a “just war” with a humanitarian mandate.

Nov 10 17:34

FLASHBACK: The CIA's "Operation Cyclone" - Stirring The Hornet's Nest Of Islamic Unrest

Zbigniew Brzezinski not long ago revealed that on July 3, 1979, unknown to the American public and Congress, President Jimmy Carter secretly authorized $500 million to create an international terrorist movement that would spread Islamic fundamentalism in Central Asia and "de-stabilise" the Soviet Union...
The CIA called this Operation Cyclone and in the following years poured $4 billion into setting up Islamic training schools in Pakistan (Taliban means "student").

Young zealots were sent to the CIA's spy training camp in Virginia, where future members of al-Qaeda were taught "sabotage skills" - terrorism.

Others were recruited at an Islamic school in Brooklyn, New York, within sight of the fated Twin Towers.

Nov 10 17:21

Russia’s military is proving Western punditry wrong

A thumbs up review of the Russian Military in Syria, its performance and weapons from the Brookings. Order out of Chaos You all!

Ever since the first indications that there were Russians encamped at the airfield in Latakia, theories have proliferated around Russia’s strategy in Syria, its intentions, and questions on just how far they (and others) will go. There are lots of things that these theories get wrong.

Many analysts have called Russia militarily weak, with some pointing specifically to its shortcomings in air and naval forces in Syria. But based on Russia’s battlefield performance so far, this assessment seems off: To the contrary, Russia has shown that it has the capability and capacity (not to mention willingness) to employ its conventional forces to achieve limited political objectives.
In the air.......

Nov 10 15:41

We Have Never Seen Global Trade Collapse This Dramatically Outside Of A Major Recession

If you have been watching for the next major global economic downturn, you can now stop waiting, because it has officially arrived. Never before in history has global trade collapsed this dramatically outside of a major worldwide recession. And this makes perfect sense – when global economic activity is increasing there is more demand for goods and services around the world, and when global economic activity is decreasing there is less demand for goods and services around the world. So far this year, global trade is down about 8.4 percent, and over the past 30 days the Baltic Dry Index has been absolutely plummeting. A month ago it was sitting at a reading of 809, but now it has fallen all the way to 628. However, it is when you look at the trade numbers for specific countries that the numbers become particularly startling.

Nov 10 14:30

$944,143,000,000: Social Security Administration Spending Hit Record in FY2015; $6,345 For Every American With a Job

Spending by the Social Security Administration–which includes payments for Social Security and disability benefits as well as Supplemental Security Income payments and the administrative costs for these programs–hit a record $944,143,000,000 in fiscal 2015, according to data published by the U.S. Treasury.

Nov 10 12:11

The October Jobs Report——Not Awesome, Just More Of The Same BLS Con Jobs

No, it wasn’t a “blow-out” jobs report. Inside the artificially bloated, trend-cycle adjusted headline number was the same old BLS con job and an economically devastating shortfall where it really counts. Namely, the US economy still has 2% fewer breadwinner jobs than it did 94 months ago at the pre-crisis peak in December 2007.

Nov 10 10:52

US public debt three times the size of officially declared amount - $65 trillion

The real amount of the US public debt, with due regard to all unfunded liabilities of the country now stands at around 65 trillion dollars, instead of the publicly stated 18.5 trillion, The Hill reports with reference to the former head of the Accounting Chamber of the United States David Walker. According to him, the officially declared amount should take account of unsecured civilian and military pensions, as well as liabilities to maintain the retired military, as well as extra underinvestment in social security and public health insurance. Furthermore, one needs to take into account various commitments and unexpected expenses of the federal government. As a result, the actual number grows up to 65 trillion dollars. Walker also said that the amount will continue to grow in the absence of reforms.

Nov 10 10:22


All over America, the middle class is dying and poverty is on the rise. One of the primary reasons for this is the rapidly rising cost of living in the United States. The cost of just about everything that average families shell out money for on a regular basis – food, rent, health insurance, etc. – is rising much faster than wages are. In a previous article I noted that the federal poverty level for a family of five is $28,410, but 51 percent of all American workers are making less than $30,000 a year at this point. We have seen an explosion in the number of people in this country that are considered to be “the working poor” and it gets worse with each passing year.

One of the most frustrating things for me personally is the rising cost of health insurance. Barack Obama promised that his program would result in a decline in health insurance premiums by as much as $2,500 per family, but in reality average family premiums have increased by a total of $4,865 since 2008.

Webmaster's Commentary: 

Even at the "big box" store where Mike and I occasionally shop for staples, the prices seem to reflect almost Weimar-style inflation.

I frankly do not know how families with kids are making it, except to source all they buy to the cheapest, GMO-type foods available.

Nov 10 10:19

Another Former Goldmanite Becomes Fed President: Neel "Chump" Kashkari Replaces Uber-Dove Kocherlakota

Having recently failed in his bid to be democratically-elected to California's governorship, it appears former Treasury Bailout chief and PIMCO 'equity' portoflio manager, Neel Kashkari has been selected (not elected) as Minneapolis Fed's next president, replacing the uber-dovish Kocherlakota starting January 1st...

Nov 10 10:16



One of the main reasons that solar energy is growing so fast in California is “net metering” … i.e. crediting rooftop solar users for surplus power their systems create, which is fed back into the grid for use by other customers.

Currently, rooftop solar owners are credited at the same rate they would pay the utility for electricity.

Not only is net metering a huge incentive to buy solar panels, but it is part of a wave of decentralized energy production which could help to solve our protect against terrorism, fascism and destruction of our health, environment and economy.

But the giant California utilities – PG&E, Southern California Energy and San Diego Gas & Electric – are determined to kill net metering, because it cuts into the profitability of their centralized energy production business.

Webmaster's Commentary: 

The money junkies who own the utility companies will stop at nothing to kill solar energy, just because it bites into their own profitability.

And in many cities and municipalities, attempting to live off-grid has become illegal, for the very same reasons.

Nov 10 10:14


While President Obama is meeting with Israeli Prime Minister Netanyahu at the White House today, there is no need to hold your breath for results, rather, there is a need to act. One way to make your actions heard is to support Palestinians’ economic steadfastness by helping us link Palestinian businesses to American businesses by making a U.S. tax-deductible donation and sending this request to your friends. We all have a role to play to end this occupation.

Here is a short (less than 4 min) video that was made last week when the AVPE Board met in Ramallah, despite the current volatile situation on the ground:

Nov 10 10:11


“Adults over 30 are less happy than their predecessors,” concludes a study published online Thursday in the journal Social Psychology and Personality Science, which examined happiness data from more than 50,000 adults, gleaned from the General Social Survey, carried out by NORC at the University of Chicago, a nonpartisan, independent research organization, which has collected information about American adults since 1972.

Nov 10 10:07

When the Rich Took Over Our Neighborhood

The Chinese restaurant across the street from me – one of the last, reasonably priced joints in the neighborhood – closed last weekend. Their lease was up for renewal and the rent increased from $5,000 a month to $25,000.

Such an enormous jump isn’t unusual here in the West Village, part of Greenwich Village in lower Manhattan, which has become such an expensive and trendy part of the city that I may soon be kicked out both for violating the fashion code and skewing the curve on median income.

The restaurant owner, who had run his place for three decades, was remarkably calm about it. “I understand,” he told the dining blog, Eater. “The property values are really high in this area.”

Nov 10 09:49

When Will America Jail Their Banksters Like Iceland is Doing?

The most dramatic contrast in the rule of law against the architects of financial theft can be seen in the way America protects their banksters and the accountability that Iceland imposed on their financial crooks. The fact that the orthodox financial press refuses to cover the incarceration of Iceland’s Bankers Face 74 Years in Prison While US Banks Profit After Your Bailout, is clear proof who really controls the political and economic institutions in the United States. As for the courts, America has long ago shredded the rule of law in this country.

“Five top bankers from Iceland’s two largest banks — Landsbankinn and Kaupþing — were found guilty of embezzlement, market manipulation, and breach of fiduciary duties. Though the country’s maximum penalty for financial crimes currently stands at six years, the Supreme Court is currently hearing arguments to extend the limit. Most of those convicted have so far been sentenced to between two and five years.”

Webmaster's Commentary: 

Iceland liquidated one of the worst offenders and gave each citizen roughly $200,000 as compensation for the fraud. When will we see THAT in the US? Right after that new ice skating rink in Hell opens up for business?

Nov 10 09:21

Massive Hacker Attack on JPMorgan

Nov 10 09:16

Billions spent by EU was 'possibly illegal'

The European Union misspent €6.3 billion in 2014, according to its financial watchdog, the European Court of Auditors. The EU Budget has failed the audit for the 21st year running.

Nov 10 09:10

Buffet would take a $2bn hit on IBM shares … if he cashed in now

Warren Buffet, one of the world’s wealthiest men and a stock market gambler renowned for avoiding tech bets, is counting the billions of dollars lost – as it stands – after taking a punt on IBM.

The tycoon’s Berkshire Hathaway fund has confirmed some 16 per cent of its $12.3bn cash splash on Big Blue shares over the past four years has evaporated due to the tech giant’s falling market cap.

Nov 10 09:04

Campaign 2016: Hillary Clinton Pitched Iraq As 'A Business Opportunity' For US Corporations

When then-U.S. Sen. Hillary Clinton voted to authorize the war against Iraq in 2002, she justified her support of the invasion as a way to protect America’s national security. But less than a decade later, as secretary of state, Clinton promoted the war-torn country as a place where American corporations could make big money.

“It's time for the United States to start thinking of Iraq as a business opportunity," she said in a 2011 speech.

Nov 10 08:17


According to the U.S. State Government 2013-2015 Foreign Assistance report, an estimated $5.9 billion was spent on foreign military funding alone in fiscal year 2014. This is equivalent to 17% of the estimated $35 billion spent on total global aid discussed in our previous article. U.S. foreign military aid to countries ranged from $200,000 to $3.1 billion. Of the top 10 recipients, two countries received 75% of the $5.9 billion. Take a look on the map below to see who is getting the most foreign military financing from the U.S.
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Nov 10 07:40

TPP: Americans and Vietnamese lose. Big corporations win.

Now that the United States, Vietnam, and ten other nations have signed the TPP (Trans-Pacific Partnership) – and the text, finally, has been released to the public – the U.S. Congress and the other countries' legislative bodies must decide whether to ratify the agreement. Negotiations were secret, until the document was signed. Before the release of the text a few days ago, even members of Congress were not allowed to see the agreement, except for certain members who were shown only a few pages of certain sections, alone, in a locked room.

Nov 10 07:31

Silly Season and Silly Fiscal Policy

Nov 10 07:25

Pocketbook Pain: The Rapidly Rising Cost Of Living Is Absolutely Killing The Middle Class In America

All over America, the middle class is dying and poverty is on the rise. One of the primary reasons for this is the rapidly rising cost of living in the United States. The cost of just about everything that average families shell out money for on a regular basis – food, rent, health insurance, etc. – is rising much faster than wages are.

Nov 10 05:10

The War on Cash advances

Nov 09 19:19

5% Unemployment Signaling A Recession?

Nov 09 17:39

We Have Never Seen Global Trade Collapse This Dramatically Outside Of A Major Recession. So Buckle Your Seat Belts Boys And Girls, Because We Are Definitely In For A Bumpy Ride.

If you have been watching for the next major global economic downturn, you can now stop waiting, because it has officially arrived. Never before in history has global trade collapsed this dramatically outside of a major worldwide recession.

Nov 09 17:11

Quark They Irradiated Their Own Planet?

The Ferengi are on a higher moral plane than earth bound would be Ferengi's

Snippet from Deep Space 9 "Little Green Men" - Quark crash lands on Earth in the 20th Century and learns the people irradiate their own planet.

Nov 09 16:53

Ron Paul: Unless the Fed is Stopped, America Will “Soon Experience Major Economic Crisis”

Until they unravel the Federal Reserve, Americans are in danger of "a series of ever-worsening economic crises."

The failure of the Fed’s policies of massive money creation, corporate bailouts, and quantitative easing to produce economic growth is a sign that the fiat money system’s day of reckoning is near.

Allowing a secretive central bank to control monetary policy has resulting in an ever-expanding government, growing income inequality, a series of ever-worsening economic crises, and a steady erosion of the dollar’s purchasing power. Unless this system is changed, America, and the world, will soon experience a major economic crisis. It is time to finally audit, then end, the Fed.


Nov 09 15:45

Star Trek - The Ferengi Rules of Acquisition

The Rules of Acquisition were a numbered series of aphorisms, guidelines, and principles that provided the foundation of business philosophy in Ferengi culture. They were first written ten thousand years ago by Gint, the first Grand Nagus. In the mid-22nd century there were 173 rules, and by the 24th century there were 285. In theory, every Ferengi business transaction strictly followed all 285 rules. (ENT: "Acquisition"; DS9: "Rules of Acquisition", "The Maquis, Part I"; VOY: "False Profits")

Webmaster's Commentary: 

A listener wrote in to suggest that modern US corporations are starting to behave just like the Ferengi on Star Trek, who were ruthlessly unethical money-junkies!

Nov 09 15:44

Secrets of the Federal Reserve: American Wealth Destroyed by Currency Coup From Within

The invisible government of the monetary power was legalized in 1913... and by 2015, has largely destroyed the middle class and wealth of Americans in general.


Nov 09 15:33

Top 40 Gold Reserves By Country- Updated

Nov 09 15:31

Mass Migration Drives Unemployment Up 17 Per Cent In Vienna

Unemployment in otherwise prosperous central European Austria has risen over the past year, with the greatest increase observed among the migrant community.

Nov 09 15:16

Axman cometh: Osborne defies critics with fresh round of austerity

Chancellor George Osborne announced fresh spending cuts for several government departments on Monday in the wake of his embarrassing defeat in the House of Lords on tax credit cuts.

The environment, transport, local government and finance departments will have their day-to-day budgets, excluding capital expenditure, cut by an average 8 percent each year for the next four years, Osborne said.

Nov 09 13:43

Obamas DOJ accuses a U.S. company of discrimination because it asked job applicants to provide proof that they were legally allowed to work in the U.S

In its crusade to protect and assist illegal immigrants, the Obama administration has accused an American company of discrimination for requiring employees to furnish proof that they are eligible to work legally in the United States.

You know the nation is in trouble when a U.S. business gets investigated by its own government for following the law. The case involves a Nebraska meat packing company that demanded workers to furnish proof of immigration status for the federal employment eligibility verification process. The Obama Department of Justice (DOJ) went after the company, accusing it of engaging in employment discrimination.

Webmaster's Commentary: 

The whole foundation for mandating the Real-ID card for all Americans was based on the claim that it would prevent illegals form taking jobs from the legals. Now that same government is accusing employers trying to follow the law against hiring illegals of "discrimination!"

Nov 09 13:28

Marco Rubio spent lavishly on a GOP credit card, but some transactions are still secret

It has become legend in Florida political circles, a missing chapter in Marco Rubio's convoluted financial story: two years of credit card transactions from his time in the state House, when he and other Republican leaders freely spent party money.

As speaker of the Florida House, Rubio was one of about a half-dozen lawmakers given Republican Party of Florida credit cards. During the Senate race, the Times/Herald obtained Rubio's statements from 2006 and 2007, showing he routinely charged personal expenses, from a $10.50 movie ticket to a four-day, $10,000 family reunion.

In those two years he charged about $110,000, and he said he sent about $16,000 to American Express to cover personal expenses, though the expenses were never detailed. In a 2012 memoir, he wrote, "From January of 2005 until October of 2008 I charged about $160,000 in party-authorized expenses."

Nov 09 13:26


Tons of people seem (quite rightly) concerned about the Trans Pacific Partnership (TPP) agreement. As we pointed out last week after the final text was finally, released, the agreement has a lot of really big problems. But if you want to understand just how bad the agreement is, perhaps you should just look at the industries that like it. Vox notes that Big Pharma and Hollywood love the agreement while The Intercept notes that Wall Street loves it.

Nov 09 13:16


Global financial regulators Monday issued new rules that are designed to prevent a failing big bank from dragging down the entire financial system. That's what happened in 2008 when Lehman Brothers imploded, sparking the worst financial crisis since the Great Depression. The rules call for the 30 biggest banks in the world to boost their capital cushions, the loss-absorbing cash they have to set aside for financial storms.

Nov 09 13:06

Fury and fear in Ohio as IT jobs go to India

The IT workers at Cengage Learning in the company's Mason, Ohio offices learned of their fates game-show style. First, they were told to gather in a large conference room. There were vague remarks from an IT executive about a "transition." Slides were shown that listed employee names, directing them to one of three rooms where they would be told specifically what was happening to them. Some employees were cold with worry.

The biggest group, those getting pink slips, were told to remain in the large conference room. Workers directed to go through what we'll call Door No. 2, were offered employment with IT offshore outsourcing firm Cognizant. That was the smallest group. And those sent through Door No. 3 remained employed in Cengage's IT department. This happened in mid-October.

Nov 09 13:03

Where’s the money in America? This 3D map will show you

The hardest working states and regions in America? Sorry flyover states, better luck next time. The kings of production remain in the most obvious spots: California, Texas and New York.

The Bureau of Economic Analysis and the U.S. Department of Commerce recently pushed out some statistics on gross domestic product in 2014 for the U.S. based on metropolitan areas. The folks at took that data and turned it into a map that demonstrates just where the growth in the U.S. is coming from. As shown below, the higher the cone rising from the map, the bigger the GDP in that region:

Nov 09 12:40

New reports suggest October jobs blowout is an outlier

The index “continues to show solid and broad-based gains, with no significant slowdown in job growth expected through the first quarter of 2016,” said Gad Levanon, managing director of labor market research at the board.

The employment index is composed of eight labor-market indicators and has some overlap with the Fed’s version.

So what’s it all mean? The pace of job creation in the near future will probably be closer to 200,000 a month instead of 250,000 to 300,000.

Nov 09 12:34

China to Allow Direct Conversion Between Yuan and Swiss Franc

China took another step to boost the yuan’s global usage, saying it will start direct trading with the Swiss franc, as the nation pushes its case for reserve-currency status at the International Monetary Fund.

The link will start on Tuesday, the China Foreign Exchange Trade System said in a statement, making the franc the seventh major currency that can bypass a conversion into the U.S. dollar and be directly exchanged for yuan. The rate will be allowed to fluctuate a maximum 5 percent on either side of a daily fixing, according to CFETS.

“This is an important step in strengthening bilateral economic and trade connections between China and Switzerland,” the People’s Bank of China said in a statement on its website on Monday. The link will help lower conversion costs and facilitate the use of both currencies in bilateral trade, it added.

Webmaster's Commentary: 

Nov 09 12:06

The TPP and GMOs: what’s so bad about death?

This Globalist treaty will put mega-corporations even further ahead in their efforts to dominate markets and populations.

“The parts of the TPP that cover food safety are especially troubling,” states the watchdog Food and Water Watch:

“’American consumers are pushing to block the use of artificial and potentially risky processes and ingredients, like antibiotics and GMOs, but the TPP could trump these democratic efforts to improve our food supply,’ said [Wenonah] Hauter [Food and Water Watch executive director]… Agribusiness and biotech seed companies can now more easily use trade rules to challenge countries that ban GMO imports, test for GMO contamination, do not promptly approve new GMO crops or even require GMO labeling.”

The majority of Monsanto’s GMO crops are engineered to withstand huge amounts of the pesticide Roundup, and the main ingredient in Roundup is glyphosate, which the World Health Organization now lists as a “probable carcinogen.” As in: cancer.

Webmaster's Commentary: 

We live under a corporatocracy that intentionally makes us ill in order to loot more money from us.

Nov 09 11:55

The Re-enserfment of Western Peoples — Paul Craig Roberts

Just another gigantic sell-out to corporate nterests
more profits for them
more dictatorship for you

Nov 09 11:39

As Yuan Rivals Dollar, U.S. Launches Ballistic Missiles Over West Coast: “Lit Up California”

The United States is apparently fuming over the recent blows to the dollar, as a strengthening yuan is rousing a heightened response. The world is now watching video from a stunning ballistic missile display over the U.S. West Coast that was timed with China’s latest currency announcement.

Nov 09 11:22

As Yuan Rivals Dollar, U.S. Launches Ballistic Missiles Over West Coast: “Lit Up California”

The United States is apparently fuming over the recent blows to the dollar, as a strengthening yuan is rousing a heightened response. The world is now watching video from a stunning ballistic missile display over the U.S. West Coast that was timed with China’s latest currency announcement.

China announced another benchmark in economic supremacy, and the U.S. responded with a missile test:

China took another step to boost the yuan’s global usage, saying it will start direct trading with the Swiss franc, as the nation pushes its case for reserve-currency status at the International Monetary Fund.

This amazing video captures the test over San Francisco in clarity:


Nov 09 10:30

Ned Schmidt – Major Yuan Appreciation Ahead

Nov 09 10:28

Crude Crashes, Silver Slammed After Dollar Surge On More ECB Jawboning

Commodity pices are crumbling this morning as more jawboning of a "big cut" from The ECB has sparked further EUR weakness and thus USD strength (EURUSD 1.0740). WTI's morning bounce (after flash-crashing at the Asia open) has been erased and new lows are looming. Silver is back at a $14 handle and Gold is holding below $1100.

Nov 09 10:28

Looted Syrian artifacts appear in London antique markets

There’s been reports that ISIS has been looting ancient sites across Syria on an industrial scale.

Nov 09 10:28

Dow Plunges Into Red Year-To-Date - Friday's Miracle Post-Payrolls Bounce Has Been Erased

But rate-hikes are bullish, right?

Nov 09 10:27

A Fifth Of Spain's GDP Just Voted To Secede - What Now?

Everywhere you look there are signs that Europe is coming apart at the seams. Just a month after the crisis in Greece abated, the influx of refugees fleeing the war-torn Mid-East finally overwhelmed the Balkans leading directly to border closures and precipitating a spat in Brussels regarding how best to handle the people flows.

Nov 09 10:12

"US Debt Is 3 Times More Than You Think" Warns Former Chief US Accountant

In a shocking admission for most of mainstream America, the former U.S. comptroller general says the real U.S. debt is closer to about $65 trillion than the oft-cited figure of $18 trillion, thanks to unfunded liabilities which simply cannot be ignored. As The Hill reports, unless economic growth accelerates, he warns, "you’re not going to be able to provide the kind of social safety net that we need in this country," adding unequivocially that Americans have "lost touch with reality" when it comes to spending.

Webmaster's Commentary: 

Other estimates are even higher!

Nov 09 10:12

Paul Craig Roberts Rages At "Another Phony Jobs Number"

If the US economy were actually in economic recovery, would half of the 25-year-old population be living with parents? The real job situation is so poor that young people are unable to form households.

Nov 09 10:09

TPP Trade Pact Would Give Wall Street a Trump Card to Block Regulations

Banks and other financial institutions would be able to use provisions in the proposed Trans-Pacific Partnership to block new regulations that cut into their profits, according to the text of the trade pact released this week.

In what may be the biggest gift to banks in a deal full of giveaways to Hollywood, the drug industry and technology firms, financial institutions would be able to appeal any national rules they didn’t like to independent, international tribunals staffed by friendly corporate lawyers.

Nov 09 10:01


The Center for Biological Diversity, the Center for Environmental Health, El Quinto Sol de America, Californians for Pesticide Reform, the Center for Food Safety and the Pesticide Action Network released a report earlier this week that claims that more than half of the glyphosate sprayed in California is applied to the state’s 8 most impoverished counties

Nov 09 09:42

How Right-Wing One Percenters Are Bankrolling a New Mega-Assault on Working Americans

As the current term of the U.S. Supreme Court opens this autumn, looming on the docket is Friedrichs v. California Teachers Association, a case designed to decimate public-sector unions. While it may not come to that—even the most knowledgeable Court-watchers are unsure how the justices will rule—the stakes are high. A decision is expected before the term ends in June.

Nov 09 09:23

China is Canceling the Debt of the World’s Most Impoverished Nations

This sounds like encouraging news on the part of China. Perhaps there is nothing nefarious going on; however this is the same nation that has been committing human rights violations as a matter of public policy for decades, not to mention systemic environmental pollution.

What impact this could have on the global economy is unclear, but this seems to be part of a grander economic plan developed in the past.

Webmaster's Commentary: 

Ooooh, bad China. BAD China! How dare they set a dangerous precedent like erasing debt!