ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Nov 28 12:21

Junk Bond Carnage, One Company at a Time

Nov 28 11:30

David Cameron's EU warning: Britons are ready for UK to leave if PM fails over reforms

DAVID Cameron has been warned that Britons are ready to vote to leave the European Union (EU) if he fails to negotiate the reforms the country wants.

The Prime Minister today hinted that he was prepared to exit the Eurozone if Brussels rejects proposals to cut immigration in Britain.

And a new survey revealed 43 per cent of Brits would vote in an EU referendum to exit the 28 bloc nation if Mr Cameron fails to get the UK a better deal.

That is compared to only 35 per cent who would choose to stay in Europe if immigration reforms are rejected, according to an Evening Standard poll.

Nov 28 10:55

You Thought QE Was Over?

Nov 28 09:18

Senate Report: Scale of Wall Street Holdings Are “Unprecedented in U.S. History”

Last Thursday, the U.S. Senate’s Permanent Subcommittee on Investigations, chaired by Senator Carl Levin, released an alarming 396-page report that details how Wall Street’s too-big-to-fail banks have quietly, and often stealthily through shell companies, gained ownership of a stunning amount of the nation’s critical industrial commodities like oil, aluminum, copper, natural gas, and even uranium. The report said the scale of these bank holdings “appears to be unprecedented in U.S. history.”

Nov 28 08:11

Big Banks: What Happens When Customers Cease to Believe?

To try to understand the current controversy over bank supervision is quite impossible if one insists on treating it as a domestic issue. All central bank policies these days are apparently coordinated by the Bank for International Settlements (and London as well) and the system will protect its own.

Not only will it protect its own, it will create conditions for the continued expansion and consolidation of big money center banks. It will drive this expansion by ensuring these banks are "too big to fail" and thus receive the funds they need to stay in business no matter what.

All of these manipulations are generated to expand and consolidate the banking/financial sector. And what is more disheartening is that banks – despite the meme of their necessity – are in the larger sense simply glorified bookkeeping shops.

Nov 28 08:03

Swiss, French call to bring home gold reserves as Dutch move 122 tons out of US

The financial crisis in Europe is prompting some nations to repatriate their gold reserves to national vaults. The Netherlands has moved $5 billion worth of gold from New York, and some are calling for similar action from France, Switzerland, and Germany.

An unmatched pace of money printing by major central banks has boosted concerns in European countries over the safety of their gold reserves abroad.

Nov 28 07:54

Here's Why the Price of Gold May Jump 20%

Nov 27 20:38

Manufacturing Won't Save Our Economy

Shh—listen: right now, somewhere, someone, probably someone you know, is making an impassioned argument that if the government would just stop letting these corporations ship our jobs overseas and start investing in American manufacturing, the U.S. would return to its global leadership position with a singing economy. Can you hear it? Despite the popularity of blaming outsourcing and the decline of American manufacturing for all the country’s economic stagnation, the truth is, typically, more complicated.

Nov 27 16:13

MD Bankruptcy Court Gives Homeowner 3 Day Notice for Hearing; Clerk Get's Pissy When I Call Them on it.


Wednesday, November 26, 2014

Mortgage Movies Sees Baltimore MD Bankruptcy Clerk Get Pissy When Asked About Hearing Notice.

Three days notice for a BK hearing? I don't think that's appropriate. So why did it happen?
Yah they reset the hearing but what bullshit. And BTW the Debtor's case was in the section of Court handled by the first Clerk, last name started with an "A."

The second clerk was totally chill, "L-Z" probably because she had no part in this fiasco.

Nov 27 15:58

Axel Merk: Major Wealth Transfer Taking Place

Nov 27 15:44

LIQUIDITY DOES NOT CREATE SOLVENCY

Nov 27 13:20

DID NEW HOME SALES RISE OR FALL?

Nov 27 12:00

The American Dream Has Moved to Scandinavia

We noted in 2010 that the American Dream – the possibility of a “rags to riches” success story – has moved abroad … since social mobility in the U.S. is much lower than in many other developed nations.

(And we pointed out that conservatives are as disturbed as liberals by the collapse of social mobility in modern America.)

A paper published last year by University of Ottawa economics professor Miles Corak tells us exactly where the American Dream has gone … to Scandinavia. Here’s a chart from the study:

Denmark, Norway and Finland have the most social mobility (and Sweden is not that far behind).

On the other hand, the UK, Italy and America have the least social mobility.

Denmark, Norway and Finland have the most social mobility (and Sweden is not that far behind).

On the other hand, the UK, Italy and America have the least social mobility.

Nov 27 09:08

OPEC Decision Is "Major Strike Against The American Market", Russian Tycoon Says

As we warned yesterday, the last time that U.S. oil drillers got caught up in a price war orchestrated by Saudi Arabia, it ended badly for the Americans. OPEC's decision not to cut production, and Nigeria's comments on the need for burden-sharing among non-OPEC members, ensures a crash in the US shale industry according to Leonid Fedun (Russia's Lukoil board member). The Russian finance minister's comments that oil at $80 in coming years is moderately optimistic and as Fedun ominously warns, this is a "major strike against the American market." Isolated, much?

Nov 27 09:03

Soros: The European Union is a “Failed” Experiment In “International Governance”

Steven MacMillan
Activist Post

Is the Western elite’s brainchild – the European Union – disintegrating? Due to persistent economic problems, the rise of “popular resentment” across the continent, the political fallout after the illegal coup in Ukraine and the subsequent unpopular economic war on Russia, the EU is on the verge of crumbling...

Nov 27 08:52

Bell employees planted glowing online reviews of new Bell app

As soon as Bell Canada launched a new version of a phone app last week, the response online was electric; it quickly garnered glowing, five-star reviews on Apple's iTunes App Store.

CBC News has learned that some of those rave reviews were planted. Possibly half a dozen or more were written by Bell Canada employees – many in senior positions – none of whom disclosed their affiliation with the company.

Nov 27 08:43

US pressing Chinese and Arab banks to sanction Russia – head of VTB bank

The US is putting pressure on Chinese and Arab banks, forbidding them to work with Russian sanctioned companies, says Andrey Kostin, head of Russia's second biggest lender VTB.

"We have information on Arab countries, China, and others that US officials come, gather the heads of banks and say: "We will punish everyone who is under Russian sanctions," said Kostin, after a meeting organized by the Stuttgart Chamber of Commerce in Germany.

"We need to take this into account. Nobody wants to become BNP Paribas”, he said, meaning the large French bank that was fined $9 billion for violating US sanctions against Cuba, Iran and Sudan.

However, Kostin believes Chinese credit organizations will provide financing for projects that interest them.

Webmaster's Commentary: 

I think the rest of the wor4ld is getting very tired of the US telling them how to run their economies.

Nov 27 08:42

OPEC decides not to cut oil output

A ‘unilateral decision’ was taken by OPEC not to cut production and to leave the daily output ceiling unchanged at 30 million barrels, despite a major oversupply that has caused oil prices to fall more than 30%.

Nov 26 21:38

MassMutual Senior Vice President found dead, stabbed in chest in apparent homicide

A week after stunned Tribeca woke up to news of a grizzly death in which a Citigroup managing director living on Greenwich Street was found dead in his bathtub with a slashed throat and the lack of a suicide weapon on the

Nov 26 07:36

Kean University students question need for $219,000 conference table

A high-tech, $219,000 conference table purchased by Kean University raised eyebrows on the school's campus, where some students questioned whether the expense was warranted.

The 22-foot oak table was specially manufactured by a company in China, where Kean recently opened a campus, and serves as the centerpiece of a new conference center.

Webmaster's Commentary: 

King Arthur would be proud!

Nov 26 07:17

U.S. Weekly Jobless Claims Jump By 21,000 To 313,000

First-time weekly jobless claims in the U.S. jumped by 21,000 to a seasonally adjusted 313,000 during the week to Saturday, the Labor Department said Wednesday.

The tally was at far above of the range of consensus expectations compiled by various news organizations for new claims of somewhere between 280,000 and 295,000.

Nov 25 16:57

SURPRISE, GOLDMAN SACHS: PUBLIC BANK OF NORTH DAKOTA JUST OUTPERFORMED WALL STREET

"It is more profitable than Goldman Sachs Group Inc., has a better credit rating than J.P. Morgan Chase & Co. and hasn’t seen profit growth drop since 2003. Meet Bank of North Dakota, the U.S.’s lone state-owned bank, which has one branch, no automated teller machines and not a single investment banker."

Nov 25 08:54

Here Comes France: Right-Wing Leader Marine Le Pen Demands Central Bank Repatriate French Gold

First Germany, then the Netherlands, perhaps Switzerland this weekend, and now the French right-wing Front National, which shockingly came first in May's European parliament elections, and whose leader Marine Le Pen is currently polling in first place in a hypothetical presidential election (in both a first and run off round), ahead of president Hollande, has sent a letter to the governor of the French Central Bank, the Banque de France, demanding that France join the list of nations which have repatriated, or at least tried to, their gold.

Webmaster's Commentary: 
Nov 25 08:48

Deutsche Bank's Modest Proposal To Central Banks: "Purchase The Gold Held By Private Households"

In other words, all the world's central banks would need to do to "liberate dormant liquidity" , held, as DB suggests, by private households in various "unwanted" troves of physical gold, and in the process also build up their gold holdings, would be to make said gold unattractive to hold.

And if that fails, well, FDR already showed the world how to deal with an intransingent public which does not want to part with its gold in Executive Order 6102, something which the Dutch Central Bank which also made the news recently when it secretly repatriated 122 tons of gold from the NY Fed, already did years ago when it advised pension funds to sell their gold: confiscation.

Webmaster's Commentary: 

"Make gold unattractive" means artificially driving the price down. And the reference to FDR is more than passing as FDR's gold confiscation was a forced sale of private gold to the government ... at $20 an ounce!

Nov 23 07:26

Russia-Europe: Sanctions Losing Steam

The foreign ministers of the European Union discussed the situation in Ukraine and their turbulent relations with Moscow agreeing that there is no point to enhance sanctions against Russia.

Webmaster's Commentary: 

"You can't do that! I hereby sanction Europe! I sanction the whole world! You will miss us, I promise!" -- Official White Horse Souse

Nov 23 07:22

Illegals get a pay raise while current American workers’ checks could get squeezed

Illegal immigrants stand to make out nicely, seeing a big jump in their wages under President Obama’s policy, announced Thursday, granting millions of them temporary amnesty and the chance to work legally, but analysts say American workers in some jobs are likely to feel a pinch from new competitors.

Webmaster's Commentary: 

I recall all those pro-immigration shills who would scream "racist" at anyone suggesting amnesty would harm legal American workers, and here we are just days after Obama the Dictator rewrote the laws of the land with his mighty pen, and they are openly admitting legal American workers will be harmed by this.

Nov 21 08:30

Swiss Gold Initiative Leader Banned From Televised Debate

Today King World News was stunned to learn that the Swiss politician who launched the Swiss Gold Initiative was actually banned from participating in the televised debate. Luzi Stamm, who was one of the primary architects of the Swiss Gold Initiative, spoke with KWN about why he was banned from the televised debate and why “It is not possible (to continue) what’s (currently) going on in the Western world.” Below is his remarkable interview.

Nov 21 08:04

Banking breeds cheating for financial gain - Swiss researchers

Society expects bank employees to be honest when entrusting them with money. However, new research involving bankers suggests they are more likely than other professionals to be dishonest if they are reminded about their professional role.

Nov 21 08:02

Internet Reformation Sparks UK Parliamentary Money-Debate

In fact, we don't believe most MPs understand the monetary regime under which they live and work any more than US Congressmen do. Ignorance, wrapped up inevitably in pontifications, is melancholy, humorous or both. Usually both.

Nov 20 13:19

Hasbro-DreamWorks Animation Merger Talks Fold

Strike the new Toothless and Hiccup dolls. Just days after it was revealed that toymaker Hasbro was engaged in talks to purchase DreamWorks Animation, the negotiations have abruptly ended, according to a report by The Hollywood Reporter.

Nov 20 08:58

Four Horsemen of the Apocalypse or the New Dawn

“For a central banker, deflation is one of the Four Horsemen of the Apocalypse: Death, Famine, Disease, and Deflation. It is helpful to understand that, before a person is allowed to join the staff or board of a central bank, he or she is taken into a back room and given DNA replacement therapy, inserting a gene that is viscerally opposed to deflation.”

Webmaster's Commentary: 
Nov 20 08:12

Asian demand for crude to drive switch to renminbi

The increasing demand for crude in Asian countries such as China was enough reason for the region to prepare to pay for trade in the Chinese currency renminbi (RMB), an HSBC official said.

Georges Elhedery, HSBC head, Global Banking and Markets (Mena), noted that the region was slow to adopt RMB since trade between the Middle East and China was still highly dependent on the greenback.

“The Middle East has been slow in adopting RMB but we’re starting to see a shift in the region towards the Chinese currency,” Elhedery told Gulf Times in a meeting with reporters at the HSBC offices in Doha.

He explained that minimal oil and gas exports to the West have made the region dependent on Eastern buyers such as South Korea, Japan, and China, which was critical in setting the international price of crude.

Webmaster's Commentary: 

Yet another nail in the coffin of the US dollar as the global reserve currency.

Nov 20 07:52

unsold cars

Above is just a few of the thousands upon thousands of unsold cars at Sheerness, United Kingdom. Please do see this on Google Maps....type in Sheerness, United Kingdom. Look to the west coast, below River Thames next to River Medway. Left of A249, Brielle Way.

Nov 20 07:37

Staples boost profits by shutting 170 stores

These days it seems like the only hot-selling item at Staples is the company's giant store eraser.

The office supplies chain revealed plans Wednesday to shut an additional 30 stores this year, accelerating its ongoing efforts to slash costs. These store closures would be in addition to the 140 already announced.

Webmaster's Commentary: 

Behind the visible closing of business with retail spaces lies thousands of small and home-based businesses that have also fallen victim to the post 2008 economic decline. These small and home businesses were the primary customers of office supply stores and as they fell, so must the office supply stores. This increases hardship on the remaining small and home businesses, hastening their demise. The dominoes are falling across the economic landscape, but as long as Wall Street is happy, DC could care less.

Nov 20 07:34

Banking culture breeds dishonesty, scientific study finds

A banking culture that implicitly puts financial gain above all else fuels greed and dishonesty and makes bankers more likely to cheat, according to the findings of a scientific study.

Researchers in Switzerland studied bank workers and other professionals in experiments in which they won more money if they cheated, and found that bankers were more dishonest when they were made particularly aware of their professional role.

When bank employees were primed to think less about their profession and more about normal life, however, they were less inclined to dishonesty.

"Many scandals..have plagued the financial industry in the last decade," Ernst Fehr, a researcher at the University of Zurich who co-led the study, told reporters in a telephone briefing. "These scandals raise the question whether the business culture in the banking industry is favouring, or at least tolerating, fraudulent or unethical behaviours."??

Webmaster's Commentary: 

And this, folks, is the reason the next time there is a major bank failure, or scandal in the US, those bankers responsible should be tried, convicted, and incarcerated in the polar opposite of a "Club Fed".

In this country, crime only seems to pay if one is already wealthy, like for a Bernie Madoff, who ripped off his clients to the tune of anywhere from 13 to 21 billion dollars.

Nov 20 07:33

U.S. MINT REPORTS ON SILVER EAGLES: Huge Demand & Weekly Rationing

After the huge take-down in the price of silver on October 31st, demand for Silver Eagles skyrocketed. Then on Nov. 5th after silver was knocked down another 5%, the U.S. Mint suspended sales of Silver Eagles.

Nov 20 07:20

Investigators reveal Citigroup executive, 42, found dead in his bathtub had 'slashed his own throat ear-to-ear after drug- and booze-fueled bender'

The global head of Citigroup's environmental and social risk management was found dead in his New York apartment on Tuesday with a laceration to the throat and investigators said late Wednesday it was a suicide.
Gruesome: Citigroup managing director Shawn D. Miller was found with his throat slit in his Manhattan apartment on Tuesday
+2

Gruesome: Citigroup managing director Shawn D. Miller was found with his throat slit in his Manhattan apartment on Tuesday

The body of Shawn D. Miller was discovered in the bathtub of his condo in Manhattan's Financial District and police initially believed a third-party was responsible after finding no weapon.

Webmaster's Commentary: 

Why do I not have a lot of confidence in this conclusion? Maybe because slashing ones own throat is exceedingly rare and difficult to accomplish since the carotid arteries are protected by the windpipe! The depth of cut needed to sever those arteries is far deeper than that needed for the wrists.

Nov 19 13:03

Ebola crisis in Liberia: 'One in two workers now jobless'

Nearly half of all Liberians who were employed when the Ebola outbreak began are no longer working, a survey by the World Bank has found.

Nov 19 13:01

Senate Rejects Keystone XL Pipeline by One Vote

The U.S. Senate has narrowly rejected a bill to approve construction of the Keystone XL pipeline, the controversial project that would carry tar sands oil from Alberta, Canada to refineries on the Gulf Coast of the United States.

Nov 19 12:40

Homeless Man Records His Daily Life

Nov 19 12:13

Feds arrest 'Debt Collectors'

Federal agents in Georgia arrested John Todd Williams, 48, founder of debt collection agency Williams, Scott & Associates along with six other employees on Tuesday morning for allegedly running a $4.1 million debt collection scam that targeted more than 6,000 people across the United States.

The arrests stem from an investigation by the Federal Bureau of Investigation, the U.S. Attorney's Office, the Federal Trade Commission and the Consumer Financial Protection Bureau. It appears to be the first time federal authorities have taken coordinated action against debt collectors, and could be the beginning of a broader crackdown.

"We are far from finished looking at the seedy side of debt collection," said Preet Bharara, the U.S. Attorney in Manhattan. "It affects too many people."

Nov 19 11:17

JetBlue shares climb after decision to squeeze passenger legs and wallets

Shares of JetBlue Airways Corp. JBLU, +4.28% were up 4.7% in Wednesday midday trading after the airline disclosed it would add baggage fees and subtract passenger legroom in an effort to bolster its sagging fortunes.

Webmaster's Commentary: 

Nov 19 08:43

Sigurjón dæmdur í tólf mánaða fangelsi - More bankers go to jail in Iceland.

Via Google Translate - Sincerely, Th. Arnason, former CEO of Landsbanki, was sentenced to twelve months imprisonment by the District Court of Reykjavik today. Of these, nine months suspended for two years. The time sincerely, was in custody because the case is drawn from the judgment. Two employees of the bank, and Ivar Gudjonsson Julius Steinar Heiðarsson, received a nine-month sentence, of which six months on probation for two years. Sindri Sveinsson, another employee of the bank, was acquitted by the requirement of a special prosecutor. Málsvarnarlaun Sigurjón be paid on behalf of the Treasury, a total of 39,075,680 crowns, and málsvarnarlaun Ivar likewise, total 43.95 million kronor. The defendants were not present at the sentencing at ten in the morning.

Nov 19 08:20

FLASHBACK - The Latest Heist: US Quietly Snatches the Ukraine’s Gold Reserves

According to reports out of Kiev (see links below), the US has quietly transfers 33 tons of Ukrainian gold out of the country and back to vaults in the US. Presumably, this sovereign wealth transfer would be counted as partial “collateral” for a fresh round of IMF, US FED, and ECB paper debt that is currently being organised for dumping into the Ukraine’s economic black hole.

Multiple inquiries to US Federal Reserve administrators into the location of the Ukraine’s gold have been met with the proverbial ‘pass the buck’, making tracking and tracking the final resting place of these 33 tonnes very difficult indeed – but one can expect that the NY Fed is probably the institution who has masterminded this financial heist.

Webmaster's Commentary: 

Ukraine announced this week that they are almost out of gold. Where did it go? This story from last March points the finger at the US!

Nov 19 07:51

3 Of The 10 Largest Economies In The World Have Already Fallen Into Recession – Is The U.S. Next?

Are you waiting for the next major wave of the global economic collapse to strike? Well, you might want to start paying attention again. Three of the ten largest economies on the planet have already fallen into recession, and there are very serious warning signs coming from several other global economic powerhouses.

Nov 19 07:31

One Reader's Shocked Response Upon Learning His Health Insurance Cost Just Doubled

After spending months trying to register for the ACA in late 2013 and early 2014 my kids got put on our state's insurance (at "no cost") and my wife and I bagged an ACA policy at a subsidized cost of $281 per month with a total out of pocket of about $6500 (just for the two of us).

Attached is the ACA notification of next year's price increase. As you can see the cost goes from $281 to $555, a monthly increase of $274, a percentage increase of 97%.

Basically we are now paying the same amount for the two of us that we paid for all four of us one year ago.

Webmaster's Commentary: 

Nov 19 06:48

Japan's Real Warning to the World

This is an odd editorial because it seems to rewrite history. We thought "Abenomics" was supposed to be a bold experiment to revitalize the Japanese economy. But now it seems Shinzo Abe hasn't gotten it right after all.

This Bloomberg editorial seems to skip over the implosion of Abenomics in favor of a new "solution." But this is odd because Abenomics was the talk of the financial world for months. It WAS the solution. Only now it isn't.

Nov 19 06:20

California Tells Court It Can’t Release Inmates Early Because It Would Lose Cheap Prison Labor

Out of California’s years-long litigation over reducing the population of prisons deemed unconstitutionally overcrowded by the U.S. Supreme Court in 2010, another obstacle to addressing the U.S. epidemic of mass incarceration has emerged: The utility of cheap prison labor.

In recent filings, lawyers for the state have resisted court orders that they expand parole programs, reasoning not that releasing inmates early is logistically impossible or would threaten public safety, but instead that prisons won’t have enough minimum security inmates left to perform inmate jobs.

Nov 19 06:11

Jennifer Huculak-Kimmel billed $950K US after giving birth in U.S.

Jennifer Huculak-Kimmel gave birth nine weeks early while on holiday in Hawaii in November 2013. Her baby daughter had to be hospitalized.

"My water broke two days into our holiday," Huculak-Kimmel said. "I spent six weeks on bed rest and then baby Reece was delivered by emergency C-section on December 10th."

Reece had to stay in the hospital for just over two months. Huculak-Kimmel thought that her insurance would cover the almost $1 million US bill.

In the end, Blue Cross denied payment. In a letter to the family, a Blue Cross worker wrote, "We are unable to provide coverage for any medical expenses incurred for Ms. Huculak's baby" and "please note that Ms. Huculak's travel policy expired on Nov. 9, 2013."

Webmaster's Commentary: 

CORRECTION: Pacific Blue Cross issued health insurance for the Canadian couple to travel outside Canada. They are not part of Canada's health system, which apparently stops at the border.

Nov 19 06:01

New documentary exposes TRUTH behind the creation and operation of Federal Reserve... Rothschilds, etc. MUST-SEE.

Jekyll Island - Premiers online Dec 4th.

Nov 18 16:44

Senate Dems filibuster Keystone pipeline, delivering major win to environmentalists

Senate Democrats filibustered the Keystone XL pipeline on Tuesday, in a vote that reverberated from Louisiana, where a key senator’s career is now likely doomed, to the broader national Democratic Party, where environmentalists have emerged triumphant in a divisive internal battle with labor unions.

The Keystone vote had taken on symbolism far beyond the small impact on American crude supplies and the slight effect expected on gas prices, with environmentalists drawing lines and daring moderate and conservative Democrats to cross it. In the end most were unwilling to defy the ascendant movement, and they said it marked a key moment in the global warming debate.

Nov 18 15:32

Illinois Pension Debt Soars To $111 Billion

Pension debt in the Land of Lincoln is a big problem. So big, in fact, that it would take three years of a complete government shutdown, during which the entire general fund went toward pensions, just to break even. No funding for schools, no money for public safety and nothing for health care and human services.

Nov 18 11:14

The War on Christmas takes a turn for the weird

Fair enough. Santa Claus is clearly a malleable cultural contrivance, and anyone can make up just about any story you want about him — and there is an American tradition of making Christmas specials about an entirely fictitious Santa. But I want to know what drugs Beck was on when he came up with his story of Agios, The Immortal, a neolithic hunter.

Nov 18 09:55

Confessions Of A Comcast Video Repair Agent

According to M., Comcast doesn’t actually care if video repair agents — the people you eventually get passed to when you call to gripe about your service not working — actually fix your TV-related problem. He says there are only two metrics that matter to his bosses: “Did you sell the customer something? And how fast did you got the customer off the phone?”

M. claims that video repair staffers are told the only way to get a higher wage is to successfully upsell more products and services to the customer.

Nov 18 08:05

Yuan can become dominant world reserve currency – survey

The Chinese yuan can overtake the dollar as the leading international reserve currency, a new poll of institutional investors indicates.

The authors of the survey, conducted by the Economist Intelligence Unit and commissioned by State Street financial services, polled 200 senior executives at institutional investors with knowledge of their exposure to yuan assets. Half of the respondents were from the firms headquartered in mainland China (including Hong Kong and Taiwan) and the other half were based elsewhere.

The report accompanying the survey points out that by the end of 2013, the yuan has risen to become the second-most-used trade financing currency and ninth-most-used currency for payments globally.

Nov 18 08:04

China opens up $4.2tn stock market to world via Hong Kong

The Chinese mainland is now open for business, at least in terms of its $4.2 trillion capital market. The Shanghai and Hong Kong stock exchanges are now linked giving foreign investors access to the tightly-controlled Chinese capital markets.

Nov 18 07:54

Surprise! More jews caught in New York State welfare scam.


Police arrested more than a dozen people Thursday morning in connection with alleged mortgage and welfare fraud operating within Orthodox Jewish communities.

Thirteen members of two extended families were taken into custody, accused of securing 20 mortgage loans totaling $20 million for properties. They are accused of vastly overstating their incomes and the amount of money in their bank accounts to obtain the loans, which then went into default.

The alleged ringleader, Irving Rubin, called himself a real estate developer. Also arrested were his sons, Yehuda and Joel Rubin, and Irving Rubin's brothers Abraham, Jacob and Samuel Rubin, and his wife Desiree.

Nov 18 07:40

US child homelessness at all-time high

In the United States, one child in every 30 - or 2.5 million children - was homeless in 2013, marking an all-time high, according to a new comprehensive report that blames the country’s high poverty rate and lack of affordable housing, among other causes.

Webmaster's Commentary: 

But the government spends your money on wars, Wall Street, and Israel.

Nov 18 06:27

FACEBOOK - People against The Banks

Nov 17 13:24

AG Nominee Loretta Lynch Boasts Having Seized $904 Million Through Asset Forfeitures in 2013 Alone

In light of the fact that President Obama's Attorney General nominee Loretta Lynch recently announced that, as US Attorney for the Eastern District of New York, her office took more than $904 million worth of private property from citizens through asset forfeitures, questions are being raised as to whether civil asset forfeitures, called "policing for profit" by critics, will continue to rise if she ends up being confirmed as Attorney General.

Nov 17 11:56

Russian Blue Chips Might Dump London En Masse, Re-list in Hong Kong

With East-West relations at rock bottom, Russia's leading blue chip companies are toying with the idea of abandoning the London Stock Exchange as the long preferred venue for listing their shares, and moving to Hong Kong.

Nov 17 10:11

The Real Reason Why Germany Halted Its Gold Repatriation From The NY Fed

Or, simply said, generic pretexts for a failure to follow through with the Bundesbank’s original intention of re-domiciling physical gold, especially after Zero Hedge posted in November 2012 proof of collusion between the 1968 Bank of England and the Fed seeking to defraud Deutsche Bank: ‘Bank Of England To The Fed: “No Indication Should, Of Course, Be Given To The Bundesbank…”

The charade ended with a thud in June of this year, when instead of continuing the farce, Germany simply gave up, providing an even more laughable reason why it can no longer even pretend to collect its physical gold located at New York’s 9 Liberty Street.

"Germany has decided its gold is safe in American hands. “The Americans are taking good care of our gold," Norbert Barthle, the budget spokesman for Merkel’s Christian Democratic bloc in parliament, said in an interview. "Objectively, there’s absolutely no reason for mistrust."

Nov 17 09:36

What did the Brisbane G-20 summit accomplish?

President Barack Obama was equally effusive, saying the gathering was not a “chinwag,” an Australian word for meaningless talk. Rather, he said, “it has been a good week for American leadership.” At a press conference, Obama listed expanding trade, a visa accord with China, and “a big advance on climate change” as tangible achievements.

Webmaster's Commentary: 

So the headline accomplishment is a deal to take seriously a problem that was made up in the first place. Left unsaid in this article is the agreement by the G20 to consider bank savings accounts as investments in the bank, subject to loss if the bank gets into trouble.

Nov 17 09:28

Nearly half of Florida households are struggling financially, United Way reports

Nearly half of Florida households do not earn enough to pay for basic necessities, according to a report released Tuesday by the United Way that seeks to cast a light on the large group of state residents who struggle financially but do not meet the official criteria for being in poverty.

While 15 percent of Florida households are below the poverty level, another 30 percent are financially insecure — a figure that also applies to Sarasota and Manatee counties — based on a new measurement developed by the United Way.

Nov 17 09:26

5 Reasons Working for Comcast Is Worse Than You Think

Internet customer service reps are like modern-day versions of Jack Lemmon in Glengarry Glen Ross: slimy, sleazy, and full of double talk -- but only because that's the only way they know how to survive, and it's exactly what they've been told to do. In fact, the great misconception is that "customer service" exists at all. In reality, everyone you talk to is in sales.

"Out of every 100 calls, you have to have at least two sales," says Beau, a Comcast representative. "If someone calls about their bill, I have to try to upsell them something. ... If you don't do that, you get coached on it, and if you get coached too much, you get fired. Our customer service isn't customer service; it's sales."

Webmaster's Commentary: 

This description also fits Time Warner, especially number 4!

Nov 17 09:02

Stand Up - Claire Rivero's ode to Obamacare!

Webmaster's Commentary: 

Reposting Claire Rivero's song in light of the skyrocketing premiums and deductibles and the admission by Jonathan Gruber that they had to hide much of what is in Obamacare to get it past the "stupid" American voters (he means YOU)!

Nov 17 09:01

NY Senator admits to knowing President was lying about Obamacare

Webmaster's Commentary: 

So pretty much everyone inside the government knew that Obamacare was a crock, and just went along with it, to fool all you stupid American voters!

Nov 17 08:57

Bobbing Nodwells and the Singing Sirens of Sensation

If you close your eyes you can feel it. You can feel the hot hissing breath rolling off of the forked tongues of Central Bankers as they lean on the poor fools, whose body and soul they own at 7% and compounded daily. You can see them in their dining rooms; all dark wood and even darker servants, moving soundlessly through the room. They don’t smile and they don’t laugh. One might see that their tongues had been removed at some point earlier in time. The Bankers laugh though. They cackle and they chortle. They look at the awkward slithers of their various Prime Ministers of localized and relative evil, dancing to a tune that only they hear through the Grima Wormtongue implant…

Nov 17 08:50

Fresh protests held against G20 policies in Brisbane

Thousands of people, chanting slogans for “justice," participated in the protests against the G20 summit on Sunday. The protests, with a focus on economic policies of the G20 countries, continued into the second day of the gathering.

The protests against the economic policies of the G20 countries came despite a heavy police presence and security lockdown in the Australian city.

Nov 17 08:50

Your “Children Will Be Fined” If You Fail To Sign Up For Obamacare: People Are Going To Be In for A Shock

But, as is often the case when the government says one thing, they mean exactly the opposite. In this case, when they say incentive what they really mean is that you are going to be penalized if you fail to acquire government mandated health insurance. But not just you. Your children, who apparently no longer belong to you anyway based on a recent court ruling, will be fined for your failure to get them on the insurance rolls

Nov 17 08:49

Walmart Store Holding Thanksgiving Food Drive For Its Own Workers

One Ohio Walmart is asking employees to donate food for other workers who are struggling so much they can't afford to buy a Thanksgiving meal for their families.

Webmaster's Commentary: 

Nov 17 08:46

Third World Plunge: Nearly 40 percent of Americans now make less than $20,000 a year

The future doesn't look very bright for America's ever-dwindling middle class. The latest figures from the Social Security Administration (SSA) reveal that nearly half of the country now makes less than $28,031 annually, while nearly 40 percent of the population makes less than $20,000 per year, which is well below the middle-class threshold.

Webmaster's Commentary: 

Nov 17 08:23

Mexico Riots: Students attack bank, set barricades on fire

Nov 17 07:25

THE MONEY IN YOUR BANK ACCOUNT WAS STOLEN THIS MORNING

As of this morning all nations belonging to the G20 will immediately submit and pass legislation that will fulfill a new investment program. This new program creates a whole new paradigm and set of rules whereby banks will no longer recognize your deposits as money.

Russell Napier is declaring November 16th as “the day money dies,” and this constitutes today’s Zero Hedge’s headline. According to Zero Hedge, Napier says the G-20 will announce “that bank deposits are just part of commercial banks’capital structure, and also that they are far from the most senior portion of that structure.” Pay close attention America this means that following a bank failure, “a bank deposit is no longer money in the way a banknote is.”

Nov 17 06:34

Obamacare Facebook page comments mostly from small group of supporters

Americans began heading anew this weekend to President Obama’s official Obamacare Facebook page to gather information on the new round of health care enrollment, share their experiences shopping for insurance on the federal exchange and voice their opinions on the president’s signature domestic achievement.

However, what some would view as a robust marketplace of ideas is actually controlled by just a few, an analysis of the Web page shows.

Sixty percent of the site’s 226,838 comments generated from September 2012 to early last month can be attributed to fewer than 100 unique profiles, according to an analysis completed by The Washington Times with assistance from an outside data analytics team. Many of those profiles belong to just one person who created multiple aliases or personas to widen her influence and multiply her voice.

Nov 17 06:17

G20 Retrospective and Doubts

While the Australian government was pampering and welcoming global leaders – the homeless were NOT welcome. Scoot. Away with you beggars and bludgers.

There was no shirt-fronting, but a lot of snubbing of President Putin who is still being blamed for MH17 – based on mainstream propaganda (The leaders and their lackeys haven’t bothered with the facts).

Webmaster's Commentary: 

"Facts? WE don't need no stink' facts! We have ... good intentions!" -- Official White Horse Souse

Nov 16 07:14

Milford mall receives backlash after leaked memo requires Thanksgiving opening

A local mall is receiving some serious backlash after a leaked memo from management details that all stores inside must open on Thanksgiving.

Webmaster's Commentary: 

Dear retailers. Just in case you were wondering, I have better things to do this coming Thanksgiving than shop. Your malls come way down on the todo list below turkey, mashed potatoes, playing with younger members of the family, taking pictures of older members of the family, talking politics, and a not-trivial amount of scotch. So let the workers off.

Nov 15 10:03

Kill the Messenger Official Trailer #1 (2014)

Nov 15 09:30

US Attorney Says Attempts To Use “Liberty Dollar” As Money Is Domestic Terrorism

“Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism,” US Attorney Tompkins said in announcing the verdict.

Webmaster's Commentary: 

Then why aren't you arresting the federal Reserve, lady?

Nov 15 09:28

Bernard von NotHaus, “Architect” of the Liberty Dollar to be Sentenced

Von NotHaus did appeal his conviction stating….[1]

“…if anything is clear from the evidence presented at trial, it is that the last thing Mr. von NotHaus wanted was for Liberty Dollars [to] be confused with coins issued by the United States government…His intention – to protest the Federal Reserve system – has always been plain. The jury’s verdict conflates a program created to function as an alternative to the Federal Reserve system with one designed to [deceive] people into believing it was the very thing Mr. von NotHaus was protesting in the first place…the Liberty Dollars was not a counterfeit and was not intended to function as such. The verdict is a perversion of the counterfeiting statutes and should be set aside.”

Webmaster's Commentary: 

This is a miscarriage of justice to keep us all slaves to the Federal Reserve's debt-based money system. And I note that the government only moved against Liberty Dollars and Bernard von NotHaus after they put Ron Paul's face on a coin, which apparently hurt President Bush's poo widdle feewings.

Nov 15 09:13

Manipulation Of CPI Saved The Federal Government Over $150 Billion From 1998-2012

Hiding in econometric obscurity, in an area of research so boring no economist would dare tread, did the government knowingly encourage the adoption of a dubious economic theory that would likely bias inflation downward? If so, it was a good bet.

Nov 15 07:00

Depression-Level Collapse In Demand: In Historic First, Glencore Shuts Coal Mines For 3 Weeks

In a historic move showing just how profound the collapse in global commodity demand and trade is, earlier today the Sydney Morning Herald reported that Australia's biggest coal exporter Glencore, which last year concluded its merger with miner Xstrata creating the world's fourth largest mining company and world's biggest commodity trader, will suspend its Australian coal business for three weeks "in a move never before seen in the Australian market, to avoid pumping tonnes into a heavily oversupplied market at depressed prices." Putting this shocking move in context, it is something that was avoided even during the depths of the global depression in the aftermath of Lehman's collapse, and takes place at a time when the punditry will have you believe that the US will decouple from the rest of the world and grow at 3% in the current quarter and in 2015.

Webmaster's Commentary: 

This move, on Glencore's part, is both extremely significant, relative to the global economy...and troubling.

Nov 15 06:34

The U.S. Department of Justice Handles Banker Criminals Like Juvenile Offenders…Literally

We all know by now that if you’re a woman with an overgrown lawn, a child walking by himself to the park, a homeless person, or someone feeding a homeless person, you’re a contemptible criminal in the eyes of the U.S. injustice system. As such, police and prosecutors will come down on you as hard as they possibly can. Subjecting you to the full and brutal force of the law, including jail sentences for non-crimes.

On the other hand, should you be a connected politician, a banker, or other elite member of the status quo, you can do absolutely anything you want. If you’re a politician and get caught it’s true you might lose your job, but don’t fret, a cushy position is waiting patiently for you on the other side of the revolving door.

Webmaster's Commentary: 

Unless and until the DOJ is ready to prosecute these fraudsters to the fullest extent of the law , and there is jail time for these people in the polar opposite of a Club Fed, these practices will continue.

Nov 14 11:38

House approves Keystone pipeline, setting up final Senate showdown

House lawmakers, in their first major vote since last week’s elections, easily passed a bill to approve the Keystone XL pipeline that would bring crude oil from Canada to the U.S., sending the bill over to the Senate which will have a major showdown Tuesday.

Nov 14 11:21

Italy's Grillo: "We Are Not At War With ISIS Or Russia, We Are At War With The ECB"

Nov 14 11:18

Last Week Tonight with John Oliver: Civil Forfeiture (HBO)

Nov 14 08:39

The Precognitively Vibrating Nose Hairs of Nostrildamus

It’s pretty amazing what happens when corporations gain personhood. The transition from person to beast doesn't take very long.

Nov 14 07:53

1 in 3 Chicagoans living paycheck-to-paycheck

One in three Chicago residents can't go more than a month without a paycheck.

Webmaster's Commentary: 

I know the feeling! :(

Nov 14 07:51

Putin "Prepares For Economic War", Buys Whopping 55 Tonnes Of Gold In Q3

Just as China is buying 'cheap' oil with both hands and feet, so Russia, according to the latest data from The World Gold Council (WGC) has been buying gold in huge size. Dwarfing the rest of the world's buying in Q3, Russia added a stunning 55 tonnes to its reserves, as The Telegraph reports, Putin is taking advantage of lower gold prices to pack the vaults of Russia's central bank with bullion as it prepares for the possibility of a long, drawn-out economic war with the West.

Russia bought more gold in Q3 then all other countries combined...

Vladimir Putin's government is understood to be hoarding vast quantities of gold, having tripled stocks to around 1,150 tonnes in the last decade. These reserves could provide the Kremlin with vital firepower to try and offset the sharp declines in the rouble.

Webmaster's Commentary: 

Looking at the Western drum beat on both Russian and Putin demonization, and the the reality that the opening salvos have already rung out in the economic war against it, possibly leading to a shooting war, can you blame Putin or Russia's central bank for having made this move?!?

Nov 14 07:45

Putin: Russian Economy Won't Be Dominated by 'Dollar Dictatorship'

Russia is leaving the dictatorship of the market where oil goods are based on the dollar and won't back down in face of a drastic drop in world prices on energy resources, Russian President Vladimir Putin said Friday.

Russia plans to leave the “dollar dictatorship” of market oil prices and turn to using the country’s national currency and the Chinese yuan, Russian President Vladimir Putin said Friday.

“We are leaving the dictatorship of the market where oil goods are based on the dollar and will increase the possibilities of using [other] national currencies: the ruble and the yuan,” Putin said in an interview with the Russian state news agency TASS.

On a November 9 meeting on the sidelines of the APEC summit Putin and Chinese President Xi Jinping discussed the possibility of using the yuan in transactions in fields of mutual cooperation.

Webmaster's Commentary: 

Methinks that President Obama may have shot himself in both feet by brokering a covert deal with Saudi Arabia to ratchet down oil prices, thus hoping to cripple Russia's oil infrastructure, which is a huge part of its economy.

If, in fact, President Obama does play chess, Putin is 20 moves ahead of him almost every time.

Nov 14 06:39

‘Violent’ stock market crash could be round the corner warns think-tank

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

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

The speech came as the FTSE 100 index suffered another day of losses, dropping 2.8 per cent and mirroring falls across Europe: Greece’s stock market trading was down 9 per cent at one point today.

Guy Debelle of BIS said global investors were buying assets on the misguided presumption of liquidity that does not exist and that in a possible sell-off, volatility and price movements ‘will be exacerbated by the reduced capacity and inventory of market makers’

Webmaster's Commentary: 

One of the mantras which you know well from WHR is, please, don't panic: prepare.

IF there is some kind of massive societal disruption, courtesy of a huge market crash, make sure you have lots of food, potable water (with some form of water filtering) and medications stored for your family and pets.

Make sure you have a plan to protect yourself and those you love, if your home is hit by people who didn't prepare, and are wanting to loot your provisions.

Have some very small units of gold and/or silver under your personal supervision with which to barter, if the dollar suddenly plunges in value.

Have only in your banking account just what you need to pay the bills; keep the rest under your personal control.

Figure out the skills you can barter for goods and services. Find like-minded people in your community willing to help take care of each other, if the excrement suddenly hits the fan.

Figure out what your bug-out procedures need to be, if you need to leave your home suddenly, and how to re-connect with your family should such an event happen.

Folks, these are simply practical ways with which to forestall catastrophe if it comes; I am not a "gloom and doomer" here: just pragmatic. And I would urge all of you to be making the same kinds of preparations

Nov 14 05:56

Obama’s Secret Treaty Would Be The Most Important Step Toward A One World Economic System

Barack Obama is secretly negotiating the largest international trade agreement in history, and the mainstream media in the United States is almost completely ignoring it. If this treaty is adopted, it will be the most important step toward a one world economic system that we have ever seen. The name of this treaty is "the Trans-Pacific Partnership", and the text of the treaty is so closely guarded that not even members of Congress know what is in it. Right now, there are 12 countries that are part of the negotiations: the United States, Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. These nations have a combined population of 792 million people and account for an astounding 40 percent of the global economy. And it is hoped that the EU, China and India will eventually join as well. This is potentially the most dangerous economic treaty of our lifetimes, and yet there is very little political debate about it in this country.

Webmaster's Commentary: 

Wait, Congress is forbidden to see the treaty?!?

Then, this has to be the "Obamacare for the economy", where Congress is blithely told by some Obamamaniac that they "have to pass the treaty before they can see what is in it?!?"

No President should have this kind of all-pervasive power, period, end of discussion.

Nov 13 15:03

Why did FOX Ban this video?

Nov 13 15:03

Lame duck out of the Silk Road caravan

There’s hardly a more graphic illustration of where the multipolar world is going than what just happened at the Asia-Pacific Economic Cooperation (APEC) summit in Beijing.

Take a very good look at the official photos. This is all about positioning – and this being China, pregnant with symbolic meaning. Guess who’s in the place of honor, side by side with President Xi Jinping. And guess where the lame duck leader of the “indispensable nation” has been relegated. The Chinese can also be masters at sending a global message.

Nov 13 13:38

Rich and powerful touch down for summit

Police Commissioner Ian Stewart has warned the Russians “will be dealt with’’ if they arrive packing guns in Brisbane today for the G20.

Mr Stewart said he had not received any applications from overseas security teams - including the Russians - to carry firearms.

“They mightn’t be carrying guns. They may have recognised that we are a safe country and that there is no risk and they are going to obey our laws.”

Webmaster's Commentary: 

If I were Putin's security detail, I would be very nervous right now about them making such a point of keeping them disarmed! I hope Vlad is wearing his Kevlar undies!

Nov 13 12:19

How the U.S. Government Could End the Student Debt Crisis Today

Instead of loaning students money, the federal government could just pay for their tuition, without causing any significant economic problems.

Last month, Lower Saxony became the final state in Germany to abolish tuition for all students at public universities. Meanwhile, in the United States, student loan debt has passed the $1 trillion mark. The burden is now becoming increasingly heavy for middle-class and wealthy students, but especially for those from lower-income backgrounds. This injustice has spurred many organizations, like the Occupy Wall Street offshoot Strike Debt, to do what they can to pay off student debt on their own.

Webmaster's Commentary: 

In those other nations, they are trying to educate their young people. In the US they are just turning them into debt-slaves and making them think it is all their own fault.

Nov 13 11:38

24% Of Millennials “Expect” Student Loan Forgiveness

It appears the concept of no consequences is now deeply embedded in the American society. As Student loan debtloads surge ever higher – and opportunities grow ever lower – NBC News reports a rather stunning 24% of Millennials said they expect their loans will ultimately be forgiven, according to study released Wednesday by Junior Achievement and PwC US. That helps to explain why delinquency rates are at record highs - aside from the massive debtloads and no high-paying jobs – as students see bankers rigging every market in the world with little to no consequence, one can only imagine the lessons being learned.

Nov 13 11:37

ISIS Unveils Its New Gold-Backed Currency To Remove Itself From “The Oppressors’ Money System”

It appears the rumors are true. Islamic State is set to become the only ‘state’ to back its currency with gold (silver and copper) as it unveils the new coins that will be used in an attempt to solidify its makeshift caliphate.

Webmaster's Commentary: 

"KILL THEM! KILL THEM! KILL THEM ALL! KILL THEM ALL NOW! NOW, NOW, NOW!!!" -- Official White Horse Souse

Nov 13 11:32

BRICS, Eurasian Economic Union (EEU), Shanghai Cooperation Organization (SCO): Towards a New Global Financial Architecture?

According to Conn Hallinan – in his article Move Over, NATO and IMF: Eurasia Is Coming – the BRICS’ construction of a Contingent Reserve Arrangement will give its members emergency access to foreign currency, which might eventually dethrone the dollar as the world’s reserve currency. The creation of a development bank will make it possible to bypass the IMF for balance-of-payment loans, thus avoiding the organization’s onerous austerity requirements.

Nov 13 11:31

How Big Oil Plans to Win Ugly in New York

A PR firm well known for its hardball tactics in defense of Big Tobacco will deliver the keynote address at tonight’s Independent Oil and Gas Association of New York’s (IOGA-NY) annual conference in Buffalo. The same talk titled, “Big Green Radicals: Exposing Environmental Groups,” was presented at the Western Energy Alliance annual meeting in Colorado this summer. Richard Berman, president of the consulting firm Berman and Company, told the audience of oil and gas executives that they were engaged in “an endless war,” and warned that, “You can either win ugly or lose pretty.”

An anti-fracking rally in front of the New York State Assembly in Albany in 2013. Berman and Company’s strategy fails to recognize that long before celebrities were touring gas fields, local landowners, farmers, and activists had already started asking questions about the merits of fracking.

Nov 13 10:21

Republican Politicians Are Fighting Net Neutrality, but Their Constituents Support It

On Monday, President Obama came out in strong support of net neutrality and advised the FCC to reclassify Internet service as a utility under Title II of the Telecommunications Act. Later that day, FCC Chairman Tom Wheeler, an Obama appointee and former cable/telecom lobbyist, met with tech company representatives to say that he did not plan to follow all of the president’s proposals. Sounds about right.

Nov 13 10:14

President Putin Pledges to Increase Trade with China and Asia to Rebuke Sanctions

Webmaster's Commentary: 

Obama faces an impossible task at APEC and the G-20. Russia has products other nations want to buy, while all Obama has to offer is speeches and dubious promises.

Nov 13 09:48

Sheldon Adelson's Dismissal of Israeli Democracy Draws Silence From Groups He Backs

Recipients of casino billionaire Sheldon Adelson’s largesse are dodging questions about his latest salvo against Israeli democracy.

Adelson, a leading Republican donor, has long stood out among American Jews for his conservative views. He may have stepped farther outside of the American Jewish mainstream than ever before, however, in statements at a conference in Washington on November 9 in which he seemed to write off Israel as a democratic state.

“I don’t think the Bible says anything about democracy,” Adelson said. “[God] didn’t talk about Israel remaining as a democratic state… Israel isn’t going to be a democratic state — so what?”

While Anti-Defamation League national president Abraham Foxman has slammed Adelson’s remarks, leaders of groups that have taken money from Adelson have not responded to requests to address his statements.

Webmaster's Commentary: 

Abe Foxman said something I agree with? What IS the world coming to?!?

Nov 13 09:10

Charity: 25,000 UK pensioners to die in winter

A report says that a pensioner will die from cold weather every seven minutes in Britain this winter, amid soaring fuel bills.

The Age UK charity released the report on Tuesday, saying that, this winter, 25,000 elderly people in England and Wales will die as a result of the cold weather and due to high fuel costs and poorly insulated homes.

Nov 13 08:57

Foreclosure filings climb 15% in October

The pace of new foreclosures picked up last month as more troubled properties were pushed through the system, according to data released Thursday.

In October, there were default notices and other foreclosure filings reported on more than 123,000 U.S. homes, up 15% from September — the largest monthly growth since foreclosure activity peaked in early 2010, online foreclosure marketplace RealtyTrac reported.

Nov 13 08:23

Windows 8: Why Microsoft's giant gamble didn't pay off

In many ways, analysts say, Windows 8 didn't bridge the divide between tablets and PCs so much as fall into the chasm between them.

Nov 13 08:07

'A Crime': Groups Say Detroit Bankruptcy Plan Benefits Rich, Attacks Working People

A group of Detroit residents is condemning the city's newly-approved restructuring plan to exit bankruptcy as a deal that will further benefit the wealthy and corporate class while hurting working people.

Webmaster's Commentary: 

Did you ever think it was going to be any other way?

Nov 13 07:58

EU must cease "material support" for Israel’s crimes, say leading trade unions

More than 300 political parties, trade unions and campaign groups have called for the suspension of a key agreement between Israel and the European Union.

The appeal urges the EU to freeze the “association agreement” with Israel. That deal, which entered into force in 2000, facilitates largely unrestricted trade between the EU and Israel and allows Israel to participate in a wide range of the Union’s programs.

Webmaster's Commentary: 

So the EU is as much a sell-out to Israel as the US is. Imagine my shock.

Nov 13 07:47

Alan Greenspan: Gold is Stronger Than US Dollar

Speaking on a chapter dedicated to gold in his new book, Alan Greenspan said, “gold is the premier currency where no fiat, including the dollar, can match it.”

As Chairman of the Federal Reserve System from 1987-2006, Greenspan enacted an inflationary policy that defined the era with economic bubbles. His recent comments indicate he’s learned a lesson from those bubbles bursting.

Or did he re-learn the lesson? On multiple occasions, Ron Paul has raised the fact that Greenspan wrote an essay praising gold as money back in 1966. In that essay, Greenspan wrote:

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.

He went on…

This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process.

The old Greenspan is back! Now, if he’d just push for an audit…

Nov 12 14:17

Caesars weighs layoffs, but Strip might be spared

Caesars Entertainment Corp. expects to create an extra $250 million to $300 million in cash flow in 2015 through various cost-savings measures.

Much of the cash flow increase could come through cost savings, such as layoffs and other measures at the company, which operates nearly 40 casinos in 15 U.S. states and Canadian provinces.

But one analyst speculated that very few of the cutbacks would come from Caesars’ nine resorts on or near the Strip.

Caesars is seeking to reduced its gaming industry-high $22.8 billion in long-term debt. The company has held private talks with its banks and lenders since September.

Webmaster's Commentary: 

Americans do not have money to play with these days. Coupled with online gambling for the people not interested in the topless reviews, it seems Vegas (and Sheldon Adelson) have hit hard times!

Nov 12 13:29

'Evil Stick' wand toy for toddlers reveals picture of a young girl slitting her wrists with knife

Wand, dubbed 'Evil Stick', promises 'wonderful music', magic and fairies
But underneath silver foil, it shows image of girl slitting wrists with knife Available from dollar store, it also emits cackling laugh and flashing lights 'I'm outraged,' said Nicole Allen, who purchased toy for her daughter, two Store's owner said it was parents' responsibility to read the wand's label He added that he believed the product was appropriate for older children 'For a five, six, seven, 10-year-old, I mean they see that on TV everyday'.

Webmaster's Commentary: 

And JUST in time for Christmas!!!!!

Nov 12 13:09

White House Fail: Obamacare in a ‘Death Spiral’

It’s been riddled with problems from the beginning. It was sold to the people as ‘Universal Healthcare’, only it’s not even close. Obamacare may end up being D.O.A after all...

Nov 12 12:18

Russia To Have SWIFT Alternative By May

In the past, western sanctioners have sabre-rattled cutting off Russian from SWIFT - the international inter-bank payment system - as a next step in squeezing the oligarchs into submission (though 'independent' SWIFT distanced itself from those calls). Now however, as RT reports, Russia intends to have its own international inter-bank system up and running by May 2015. The Central of Russia says it needs to speed up preparations for its version of SWIFT in case of possible ”challenges” from the West. If successful, this would pose a further challenge to the USD's reign as sanction blowback reverberates once again.

Nov 12 12:10

Caught Rigging FX and Gold? Your Punishment Will Be A Bonus Capped At Just 200% Of Your Base Salary

but cutting to the chase, here is the punishment:

FINMA has also instructed UBS to limit bonuses for traders of foreign exchange and precious metals to 200 percent of their base salary for two years.

Which means that clearly nobody is going to jail, however the punishment is far more harsh: riggers will have a bonus of ONLY 200% their base salary for two years to look forward to!

The horror, the horror.

Nov 12 12:04

All Wars Are Bankers' Wars - FULL version plus downloads.

Webmaster's Commentary: 

UPDATE: I am reposting this because I have started receiving emails from readers/listeners who report they are overhearing other people talk about this article and video. So the word is getting out and people are waking up to the real reasons we are at war; the money-junkies. Please share this with everyone who is not already aware of this article and video (and there is a larger video in production now).

Facebook is still blocking the original version of the video "All Wars Are Bankers' Wars", but someone uploaded a new copy and this particular URL is not yet being blocked by Facebook.

Meanwhile, I have placed copies of the video for you to download on my server for you to post as you see fit.

Quicktime (967 meg)

MP4 (152 meg)

Please note that these videos will be shut off automatically during times of excessive server load.

Nov 12 10:45

Obamacare Designed as a Scam

A willfully designed scam. A rationing scheme boon to predatory providers.

Enriching insurers, drug companies and large hospital chains. At the expense of universal affordable coverage.

Market-based for maximum profits. Letting providers escalate prices. Regulatory light. Loopholes let profiteers game the system.

Benefitting at the expense of ripped-off consumers. Leaving millions uninsured. Most others way underinsured.

A healthcare disaster. Unaffordable for most people. Providing inadequate protection.

Forcing millions to pay 40% or more out-of-pocket. For co-pays and deductibles. On top of costly premiums. Rising annually.

Double the cost of other developed countries. During protracted Main Street Depression conditions.

Webmaster's Commentary: 

And those are the GOOD points! :)

Nov 12 09:40

University of Pennsylvania Deletes, Reinstates Obamacare Architect Video After Backlash

A video of Obamacare architect Jonathan Gruber saying a “lack of transparency” was crucial in fooling ‘stupid Americans’ which caused controversy was subsequently deleted by the University of Pennsylvania only to be reinstated after a backlash.

Webmaster's Commentary: 
Nov 12 09:36

The BamboozleCare Rollout

Webmaster's Commentary: 

"Lying to the American people and treating them like are idiots is a GOOD thing!" -- Official White Horse Souse

Nov 12 09:34

Big Banks Busted Massively Manipulating Foreign Exchange, Precious Metals … And Every Other Market

Regulators fined six major banks including Citigroup (C.N) and UBS (UBSN.VX) a total of $4.3 billion for failing to stop traders from trying to manipulate the foreign exchange market, following a year-long global investigation.

HSBC (HSBA.L), Royal Bank of Scotland (RBS.L), JP Morgan (JPM.N) and Bank of America (BAC.N) also face penalties resulting from the inquiry that has put the largely unregulated $5 trillion-a-day market on a tighter leash, accelerated the push to automate trading and ensnared the Bank of England.

In the latest scandal to hit the financial services industry, dealers shared confidential information about client orders and coordinated trades to make money from a foreign exchange benchmark used by asset managers and corporate treasurers to value their holdings. Dozens of traders have been fired or suspended.

Nov 12 09:07

Matt Taibbi on JPMorgan Chase's Worst Nightmare

The attention that Matt Taibbi is receiving for the Rolling Stone essay, The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare, may push forward a serious debate on the systemic corruption that is common knowledge among informed observers of the financial structure.

Zero Hedge can always be depended upon to incisively sum up the issue...

In reality, there is nothing surprising in Matt Taibbi's latest piece since returning to Rolling Stone from the Intercept, as it tells a story everyone is by now is all too familiar with: a former bank employee (in this case Alayne Fleischmann) who was a worker in a bank's (in this case JPM) mortgage operations group, where she observed and engaged in what she describes as "massive criminal securities fraud" and who was fired after trying to bring the attention of those above her to said "criminal" activity.

Webmaster's Commentary: 

The question for me is, when do people who break the law doing these kinds of manipulations actually wind up going to prison, and not to a "Club Fed" ?!?!?

Because unless and until people who do this are convicted and jailed for it, big-time, these practices will continue, unabated.

Nov 12 08:58

In Spotlight: Bad Banks & British Pound

In the spotlight today was not only Mr. British Pound but also the major banks in the US, UK and Switzerland as well, as they face billions in forex fines. Who does this penalty money go to? Not the traders I bet!

Nov 12 08:20

What China-Japan APEC Talks Could Mean for Investors

Yet it’s clear the country that gave us spectacular double-digit gross domestic product (GDP) growth for years is now struggling. The Chinese economy has already seen its growth slow, coming in at 7.3% in the third quarter, the slowest pace since 2008. And it isnow threatening to fall short of the 7.5% target set by the government. At this point, it doesn’t look like the target will be met. In fact, there are whispers that the target could be cut to seven percent in 2015 if the global economy doesn’t experience a stronger recovery.

Pundits and China bears have been calling for the great collapse of China, specifically in the real estate and financial spaces. Yes, there is softness here, but we have yet to see a bigger crack form. You can bet the Chinese government will do whatever is necessary to reinforce its economy’s weak points. And China can definitely do this, given the fact that the country has about $3.0 trillion in reserves.

Webmaster's Commentary: 

Left unsaid is that China's former growth was powered in large part by exported to the US. But the American consumers are not buying anything from China or anywhere else; their wealth having been stripped away by the war economy and Wall Street money-junkies. This is an inevitable downside to globalism. When one nation starts to fail (the US) it drags down the rest of the world with it.

Nov 11 16:31

Billionaire U-M alum files bankruptcy after being ordered to pay up to $455M for offshore fraud scheme

A Dallas-based, 1957 University of Michigan alumnus has filed for bankruptcy after he was ordered by the Securities and Exchange Commission to pay anywhere from $200 million to $455 million for his involvement in a massive offshore fraud scheme that netted him and his brother more than $550 million.

U.S. District Judge Shira Scheindlin ruled in September that U-M alumnus and billionaire Sam Wyly and his late brother Charles Wyly Jr. were involved in a 13-year fraud in which the two created 17 trusts and 40 subsidiary companies before hiring a team of lawyers and an offshore accountant to hold records outside the United States.

The SEC ruled that Sam Wyly was responsible for two-thirds of the amount owed, while his brother's estate was responsible for the remainder.

Nov 11 12:11

Supply-chain suffers as oil majors battle price plunge

Belt-tightening by big energy majors faced with plunging oil prices is battering the finances and share prices of their suppliers, as investors reassess the sector’s ability to keep gushing cash.

A growing list of delayed or canceled projects, seen by some investors as a healthy move by majors to rein in capital spend after a poor history of returns is
working its way through corporate earnings; it has already pummelled the share price of some European suppliers seen as financially fragile.

Nov 11 12:10

China hoarding gold to challenge U.S. dollar

In a world filled with fiat currencies, how important is gold’s role in the financial system? Proponents often view the precious metal as a hedge against economic chaos, while critics typically claim gold is hardly more than an unproductive rock. Interestingly, some countries appear to believe gold is quite important, and one former Fed chair explains why.

Alan Greenspan, who served at the helm of the Federal Reserve for nearly two decades, recently penned an op-ed for the Council on Foreign Relations discussing gold and its possible role in China, the world’s second-largest economy. He notes that if China converted only a “relatively modest part of its $4 trillion foreign exchange reserves into gold, the country’s currency could take on unexpected strength in today’s international financial system.”

Nov 11 09:09

Petrodollar Panic? China Signs Currency Swap Deal With Qatar & Canada

The march of global de-dollarization continues. In the last few days, China has signed direct currency agreements with Canada becoming North America's first offshore RMB hub, which CBC reports analysts suggest "could double maybe even triple the level of Canadian trade between Canada and China," impacting the need for Dollars.But that is not the week's biggest Petrodollar precariousness news, as The Examiner reports, a new chink in the petrodollar system was forged as China signed an agreement with Qatar to begin direct currency swaps between the two nations using the Yuan, and establishing the foundation for new direct trade with the OPEC nation in the very heart of the petrodollar system.

Nov 11 09:05

Obama urges China to be partner in ensuring world order

U.S. President Barack Obama said on Monday a successful China was in the interests of the United States and the world but Beijing had to be a partner in underwriting international order, and not undermine it.

Webmaster's Commentary: 

"The first thing you have to do to ensure world order is drop the Yuan and adopt the Dollar!" -- Official White Horse Souse

Nov 11 08:44

ObamaCare Architect Admits "Lack Of Transparency" Is Huge Advantage Against "Stupidity Of The American Voter"

An architect of the federal healthcare law said last year that a “lack of transparency” and the “stupidity of the American voter” helped Congress approve ObamaCare.

He suggested that many lawmakers and voters didn’t know what was in the law or how its financing worked, and that this helped it win approval.

“Lack of transparency is a huge political advantage,” Gruber said. “And basically, call it the stupidity of the American voter or whatever, but basically that was really, really critical for the thing to pass.”

Webmaster's Commentary: 

Enrollment fall far short of predictions, in part because the healthcare.gov website was a technical disaster, health care costs have gone up, as have the premiums AND deductibles on the approved insurance policies. Contrary to the claim that the ACA would lower health insurance costs, more Americans than ever before cannot afford health insurance and now have the IRS fining them for not being able to afford health insurance.

And he thinks we're stupid?

Nov 11 08:27

Silver to S&P Ratio: What It Tells Us

Take the price of silver, multiply by 100, divide by the S&P 500 Index and chart it for 30 plus years. What do we see?

Nov 11 07:24

Obamacare may not have enough enrollees to stay solvent

The administration on Monday said fewer than 10 million Americans will enroll in Obamacare’s health exchanges this go-around, well short of the 13 million target congressional scorekeepers deemed critical to its economics, suggesting another rocky rollout in the law’s second year of full operation.

Webmaster's Commentary: 

Nov 10 14:33

Sears Continues Retail Death Spiral, Still Sells A Few Useful Things

For the ninth quarter in a row, Sears Holdings Corporation has lost money. Even as the company closes stores, rents out remaining stores, and tries desperate moves like opening early on Thanksgiving Day and making fun of itself in its own ads, the company continues to sell itself for parts in a sad retail death spiral. Yet is there anything that you should consider buying at Sears while it still exists? Are Americans who sneer at Sears missing out? Maybe.

Nov 10 14:32

Obama Administration Dramatically Scales Back Expectations for Second Year Obamacare Enrollment

The Obama administration now says it expects the second year of Obamacare to see dramatically fewer enrollments than originally projected, and that hitting its long-term enrollment goals will likely take years longer than initially believed.

Nov 10 12:16

Ruble-yuan settlements will cut energy sales in US dollars – Putin

Doing away with the US dollar and switching to ruble and yuan payments will significantly increase Russia and China’s say in energy and financial markets, Vladimir Putin has said, adding that the first deals are already underway.

In short the President said the US dollar has no future, and that the ruble and the yuan have better long-term prospects.

“Payments in rubles and yuan are very promising. Switching to such a large-scale work means that the impact of the dollar on the global energy sector will objectively decline. This is not bad either for the global economy, or the world of finance and the world energy markets,” Putin said at the APEC Business Summit in Beijing Monday.

“It will help expand our capabilities in mutual trade and influence both world financial and energy markets," the president said.

Webmaster's Commentary: 

"NUKE THE BASTARDS!!!" -- Official White Horse Souse

Nov 10 12:14

Mark Carney: No more bank bail-outs

Financial Stability Board, chaired by Bank of England Governor, unveils proposals for ending 'Too Big To Fail' banks

Nov 10 10:49

Obama leaves for China, Myanmar, Australia tour

Obama left Washington in the pre-dawn hours en route to an air force base in Alaska, where his plane refueled before traveling on to Beijing.

The US leader was accompanied on his eight-day trip, which also includes visits to Myanmar and Australia, by his national security adviser Susan Rice and several other top aides.

The China leg of his trip will be dominated by Obama's meeting with Chinese President Xi Jinping in Beijing, where the White House said it expects "candid and in-depth conversations."

The relationship between the two superpowers, which US Secretary of State John Kerry has called the "most consequential" in the world today, has been marred by tensions over the South China Sea, cyberspying and human rights issues.

Webmaster's Commentary: 

In this set of meetings here, Obama is doing what Obama does best; campaigning. But of course, it's not for votes; it's for certain financial opportunities and considerations, which he most likely will not get.

China is avoiding doing business transactions in the dollar, and this trend is not going to stop.

China has a trade surplus. As reported on 7 November, 2014 in businessinsider.com:

China recorded a better-than-expected trade surplus of $45.41 billion in October, customs said Saturday, but weaker export and import growth could be a worrisome sign for the world's second largest economy. October's trade surplus expanded 46.3 percent from the same month last year, exceeding market expectations for a $42.3 billion surplus, according to a survey of 11 economists polled by The Wall Street Journal. Read more: http://www.businessinsider.com/afp-china-trade-surplus-expands-to-45.41-bn-in-october-2014-11#ixzz3Igij9KAv

The US has a trade deficit. As reported by AP on 4 November 2014:

The U.S. trade deficit rose in September as exports slumped, a sign that the world's biggest economy is starting to feel the impact of weakening global growth. The Commerce Department said Tuesday that the trade deficit rose 7.6 percent to $43 billion in September. That marks the first increase in four months. A deficit occurs when a country imports more than it exports. Economic slowdowns in Europe and China appear to have hurt demand for American-made goods. Since September, the dollar has appreciated in value more than 4 percent against the euro to $1.25, making U.S. products less competitively priced abroad. Exports fell 1.5 percent to $195.6 billion, led by declines in shipments of industrial supplies, consumer products and capital goods such as engines and computers.

And "...cyberspying and human rights issues" will be on the agenda?!?

Please.

As if the US government wasn't spying on China (and everyone else, apparently, after the revelations of NSAgate!!)

And after the Patriot Act, US torture of prisoners of war, the Homeland Security Act,the NDAA, and the way Americans are treated by police, Obama doesn't have much "wiggle room" on those two issues at all.

Nov 10 10:48

Russian central bank abandons rouble trading band, floats rouble

The Russian central bank said on Monday it had abandoned the rouble's trading corridor, allowing the currency to float freely.

The bank also said in a statement it would intervene in the foreign currency market if it saw a threat to financial stability.

Nov 10 10:30

Breaking: Obamacare architect admits Obama lied about his signature law

According to the nonprofit American Committment, Gruber reportedly made his videotaped comments at a special event on the MIT campus and conceded that it was necessary to avoid transparency to pass Obama's healthcare grab. Dr, Gruber even admitted to lying in order to help the Obama White House and the Democrats in both houses of the U.S. Congress in order to get the support of a number of groups and individuals.

Nov 10 10:17

Beijing $40 billion offer to revive the historic Silk Road, starts Central-Asia geostrategic competition

Beijing says it will spend $40 billion to revive the historic Silk Road and connect China with Central Asia, the Middle East and Europe. Chinese President Xi Jinping said the ambitious project is designed to “break the connectivity bottleneck” in Asia.

The “Silk Road Economic Belt” initiative, announced by Xi Jinping in 2013, is designed to allow capabilities of Chinese state-controlled construction companies to further expand its already booming trade with central Asia and Europe by diversification of Chinese trade routes, lowering transportation costs, opening up new markets, and an expansion of the Chinese sphere of influence beyond Asia. It will also secure the supply of Uranium and rare metals from Central Asia.

Webmaster's Commentary: 

IF the Chinese government is able to get this process to succeed, it will be a remarkable feat.

I would suspect that long-term, strategic planners from all kinds of Russian and Chinese think tanks are already having consultations as to how and where these two countries could collaborate, probably easily eclipsing the US's plans for the region.

The economic, and trade ties would absolutely strengthen immeasurably between China and Russia, should they decide on practical collaboration here.

Nov 10 10:08

Banks will need to hold big capital cushions

The world’s largest banks will have to hold 16-20% of their risk-weighted assets in equity and cancelable debt to shield taxpayers from big bills for bailing out failed banks during a crisis, according to a plan by global regulators published Monday.

The plan, drawn up by the Basel-based Financial Stability Board, would force the biggest lenders to maintain a sizable capital cushion so that they could be wound down without causing global financial panic. Banks are considered to be systemic if they pose a threat to the global financial system in the event of their failure.

Regulators see this rule as a way to put an end to the so-called “too-big-to-fail” problem—a crucial step in preventing bailouts for large lenders and shielding taxpayers from having to foot the bill for failing banks.

The agreement is “a watershed in ending ‘too-big-to-fail’ for banks,” said Mark Carney, the governor of the Bank of England and chair of the FSB.

Nov 10 09:59

Canada joins global financial powerhouses with gain of yuan trading hub

An agreement to make Canada a trading hub for the renminbi shows China’s quest to make the currency a global reserve continues at full speed.

Nov 10 09:57

JPMorgan’s $9 Billion Witness Puts Government Testimony by Her Boss into Question

Two years after attorney Alayne Fleischmann was downsized out of her job as a Transaction Manager at JPMorgan Chase, her boss, William Buell, was hauled before the Financial Crisis Inquiry Commission (FCIC) for interrogation on just how culpable the bank was in packaging and selling toxic mortgage backed securities.

Buell is the same man that Fleischmann exposed in a Rolling Stone feature article by Matt Taibbi last week as the recipient of her detailed, internal letter in early 2007, warning him that the mortgage pools her group was reviewing contained poor quality mortgage loans unfit for purchase or securitization. Despite the written warning, Fleischmann would later learn that JPMorgan, in a drive to boost market share and profits, went forward and purchased the pool, securitized many of the loans, then sold them to unsuspecting investors.

Webmaster's Commentary: 

There was a documentary produced about the 2008 melt-down called "Inside Job." It won the Oscar for best documentary then pretty much vanished from the American TV networks while the HBO movie "Too Big To Fail", which portrayed the Wall Street executives at the heart of the disaster as heroic figures struggling to deal with bad luck, was splashed across the cable channels. But as the above article illustrates, those Wall Street executives caused the collapse of 2008 by engaging in massive and deliberate fraud.

Nov 10 09:14

What The Swiss Gold Referendum Means For Gold Demand

The referendum for the Swiss Gold Initiative is scheduled for November 30th and the propaganda war - between the Swiss National Bank (SNB) and the Swiss Parliament on one side and the Swiss People's Party (SVP) on the other - has begun and we expect it to escalate as the day draws ever nearer. Having already questioned the 'location, location, location' of Switzerland's current gold stash, and examined the initiative in great depth here, JPMorgan notes that not only might the forthcoming Swiss gold referendum stabilize gold prices at a time when Gold ETF demand continues to decline, but warns, it also appears that markets under-appreciate this event.

Nov 10 09:14

This Is What Happens When Trying To Get To The Bottom Of The UBS Gold-Rigging Scandal

As reported previously, and as had been suspected for years, the gold manipulation cartel is slowly breaking apart, and courtesy of the FT, we now know at least one individual directly implicated in Swiss gold-rigging: the former head of UBS's gold desk in Zurich, André Flotron.

So as part of our diligence, because apparently no other media will touch the topic of gold rigging until and unless it is shoved in their face on a, ahem, silver platter, because after all the subject matter is just too "conspiratorial", we decided to ask Mr. Flotron some on the record questions, and sent him the following email:

Nov 10 09:01

BREAD, CIRCUSES & BOMBS – DECLINE OF THE AMERICAN EMPIRE – PART TWO

It seems there were a few visionary thinkers in the late 1950s who foresaw the dire course our former Republic was setting. Their writings were a prophecy and a warning. There was still time to change course and avoid the pitfalls that led to the Roman Empire collapse. In Brave New World Revisited, Aldous Huxley warned against allowing a few amoral men using propaganda, scientific advancements, technology, brainwashing, and economics to control and manipulate a willfully ignorant populace into a dystopian dictatorship. The Soviet and Chinese dictatorships of the late 1950s are long gone, but Huxley foresaw how modern propaganda techniques would be used by the state to drown the masses in a sea of triviality, irrelevance, and consumerism.

Nov 10 08:51

Whistleblower: HSBC ‘lied to MPs

While Wilson has directly notified the Treasury Select Committee about his concerns regarding HSBC’s alleged criminal activity, contempt of Parliament and deliberate deceit of its customers, he is yet to receive a response.

HSBC deliberately deceived the Treasury Select Committee and was in contempt of Parliament by claiming their “fake” solicitors were regulated, whistleblower and financial activist Nicholas Wilson said Friday.

Nov 10 08:44

Stakes are high as US plays the oil card against Iran and Russia

Washington is trying to drive down prices by flooding the market with crude but risks collateral damage to its own shale industry

Nov 10 08:15

America with Beats Headphones, Listening to the Bad Drug Dysfunctionata Sonata.

At the same time there is the ongoing war against all things Muslim, by the Israeli Banker Crime Syndicate, which owns and operates a good portion of the western governments. From the ranks of these stupefied and hypnotized goons, they draw endless ranks of canon fodder, to die in the J Street and K Street Wars. This is what happens after years of case after case of Miller Lite Reconstituted Urine and Hog Nostril Pizzas, with Fritos sprinkled all over the top. As Papa John says to Peyton Manning in the commercial, “I can’t believe it took me 20 years to decide to put Fritos on my pizzas!” It shouldn’t take him another 20 years to decide to put Hammond’s Chocolate Caramel Marshmallow Eggs on his pizzas too. People will buy it. They'll buy shit if you serve it to them warm. That’s what cutting edge is all about. It’s about being innovative. It’s about risk taking.

Nov 09 10:33

10 Economic Trends that Spell Doom for America's Workers

Official government unemployment figures for the United States never tell the whole story. They don’t take into account all the Americans who have been out of work for so long that the Bureau of Labor Statistics (BLS) no longer treats them like part of the work force. Nor do they factor in widespread underemployment and the fact that so many formerly middle class Americans have joined the ranks of the neo-poor, or the fact that millions of Americans who made too much to qualify for food stamps ten years ago are poor enough to receive them now. And for them, figures recently released by the Bureau of Labor Statistics (BLS) are of little or no consolation.

Webmaster's Commentary: 

This is largely a factor of Congress no longer being the alleged representatives of We the People, but of the major corporations which fund campaigns.

And if those funders want outsourcing/offshoring of those jobs which used to be the bedrock of the middle class, then those jobs have left, and will continue to leave leave America, and at ramming speed, thank you very much.

In terms of work, I am - and have been - very lucky in my life. But a lot of other hard working Americans, through absolutely no fault of their own, have been thrown under a bus by corporations which look to export work to the cheapest labor pools available.

This is understandable. Corporations, by definition, have no conscience; only a bloodlust for a better bottom line.

But unless that changes somewhat, the cost to American society may well be more dear than the US government can deal with, perhaps to the point of massively extreme violence in our inner cities the US government may find impossible to control, without destroying those cities outright.

Nov 09 10:21

Wall Street Banks Have Been Hoarding Billions For One Legal Settlement — And It's Almost Here

Wall Street has been bracing for a billion-dollar currency manipulation investigation that will be over in a few weeks, says The Wall Street Journal.

In the past few weeks, it seems banks have been scrambling to prepare for whatever regulators on both sides of the pond may find after a fairly boring earnings season. Performance was average to slightly below, and the total trading rout banks expected didn't turn out to be that bad.

But then the disclosures started coming.

First Citigroup revised its earnings down to $0.88 per share from $1.07 per share to add $600 million to its legal reserves.

Then JPMorgan Chase also disclosed that US and UK regulators were conducting criminal (the Department of Justice is in there) and civil probes into its Forex trading operations. Of course, it's cooperating, but it has no idea how much it could lose in such a settlement — maybe nothing, maybe $6 billion.

Webmaster's Commentary: 

As I was reading this article, the first question I had to ask is, if these charges are met with convictions, who goes to jail for these massive frauds?!?

Because unless, and until, some heads roll here (metaphorically speaking), these practices won't go away, ever, in American finance.

Nov 09 07:38

Bank Whistleblower Alayne Fleischmann & Matt Taibbi on How JPMorgan Chase Helped Wreck the Economy

Nov 09 07:34

A Snake Handling Tent Revival with the Gaboon Vipers of Zion

You think you have the measure of the Gaboon Vipers of Zion. You kind of know that Bill Gates is a bloodsucking vampire bat but you probably didn't measure him for a screaming child murder headline; meaning many, many children, dead… or worse. You probably know that all these so called philanthropists are not philanthropists, that George Soros is an epic serial killer; that most of these people giving away the stray nickels from their bottomless pockets are employers of torture squads, death squads and even cheerleader squads of PR whores that they dress up for whatever lies they want told. It don’t matter. If the money is right we can talk all night.

Nov 08 10:54

The International Monetary Fund Lays The Groundwork For Global Wealth Confiscation

The International Monetary Fund (IMF) quietly dropped a bomb in its October Fiscal Monitor Report. Titled “Taxing Times,” the report paints a dire picture for advanced economies with high debts that fail to aggressively “mobilize domestic revenue.” It goes on to build a case for drastic measures and recommends a series of escalating income and consumption tax increases culminating in the direct confiscation of assets.
If ever there were a roadmap for prompting massive capital flight and emigration of productive citizens toward capitalism’s nascent frontiers in Asia, this is it.

Webmaster's Commentary: 

We have been saying this at WRH for quite some time, but please:

1. Have no more money in your checking account than you absolutely need to pay the bills. Keep the rest under your personal control.

2. Have some physical gold and silver in your possession, and under your control.

The IMF (international monetary fascists) money junkies are about to loot every single citizen of everything they think they can get away with.

You have to think, and plan, ahead so as not to be a victim of their crimes.

Nov 08 09:20

FLASHBACK 2012 - CNBC Exec’s Children Murdered, 1 Day After CNBC Reports $43 Trillion Bankster Lawsuit

This week financial news organization CNBC gave some mainstream attention to the largest money laundering and racketeering lawsuit in United States History, in which “Banksters” and their U.S. racketeering partners are being accused of laundering of 43 trillion dollars worth of ill gotten gains. The lawsuit is said to involve officials located in the highest offices of government and the financial sector.

Since this information was surprisingly revealed by the mainstream news organization there has been a very suspicious and deadly fallout at the CNBC headquarters. Within hours the original page for the article was taken down, and CNBC senior vice president Kevin Krim received news that his children were killed under very suspicious circumstances. It seems that the murder happened first and then the page was removed later.

Nov 08 09:18

Supreme Court Grants Cert. to Hear Challenge to IRS's Expansion of Affordable Care Act Tax Credit

Friday the Supreme Court granted certiorari in King v. Burwell, one of four pending challenges to the IRS rule authorizing tax credits and cost-sharing subsidies for the purchase of health insurance in federally established exchanges. ...

With this grant, the Court has the opportunity to reaffirm the principle that the law is what Congress enacts, not what the administration or others wish Congress had enacted with the benefit of hindsight. Granting tax credits to those who need help purchasing health insurance may be a good idea, and may have bipartisan support, but the IRS lacks the authority to authorize such tax credits where Congress failed to do so. The PPACA only authorizes tax credits for the purchase of insurance on exchanges “established by the State.”

Webmaster's Commentary: 

We have already lost control of the money to the private bankers. What happens when we lose control of the law to them as well?

Nov 08 08:51

Can't We All Just Trust Our Governments?

The key takeaway here is this: "Money only has value because we trust it, and this trust is backstopped by our trust in the government of issue."

But what if government itself, via regulatory democracy, is actually intent on misleading investors? In fact, the above sounds reasonable so long as one does not grasp the central issue being avoided – the ability of certain individuals to print what we call "monopoly fiat money."

This book and its review seem to provide us with an apologia for elite – technocratic – management to retain and expand "trust." There is apparently an endless supply of authors ready to attempt the trick of insisting on the necessity of technocracy at the expense of the Invisible Hand.

Webmaster's Commentary: 

The money and political interests are now well aware that in the age of the internet, their lies, frauds, and deceptions stand exposed. While those money and political interests are quick to blame and attack the independent media, the fact is it is their own actions which have undermined public trust in those institutions, but since changing their behavior is not something they are willing to do, we can expect a campaign of propaganda to convince us that it is somehow our patriotic duty to trust the bankers and politicians no matter how many times we catch them in said lies, frauds, and deception.

Nov 08 08:43

JP Morgan Chase Whistleblower Reveals Bank and Fed Cover-Up of Fraud

Fleischmann was terminated from the company in the midst of a round of lay-offs in 2008. An investigator from the U.S. Securities and Exchange Commission contacted her in 2012, regarding her knowledge of the events that occurred during her time at JP Morgan Chase. While the investigators were interested in certain parts of her story, it was not until 2013 that she was able to relay her full knowledge. This included “the edict against e-mails, the sabotaging of the diligence process, the bullying, the written warnings that were ignored, all of it.”

However, rather than taking JP Morgan Chase to court, Rolling Stone noted that the government “decided to help Chase bury the evidence,” which began when a press conference to announce the civil-fraud charges against the bank, scheduled by Attorney General Eric Holder for September 24, 2013, was “suddenly canceled, and no complaint was filed.”

Webmaster's Commentary: 

More proof that the Federal Government, and the federal Reserve, work for the money-junkies, not for the people.

Nov 07 21:23

South Africa suffers another credit rating downgrade

The ratings agency Moody's has downgraded South Africa's sovereign debt rating.

The move comes after similar downgrades from Fitch and Standard and Poor's.

Nov 07 21:23

Danish ship fuel supplier OW Bunker goes bankrupt

The world's largest ship fuel supplier, OW Bunker, has filed for bankruptcy after alleged fraud.

The company's troubles came to light earlier this week when it discovered suspected fraud by senior employees in a Singapore-based subsidiary.

Nov 07 16:17

Obamacare Goes Back on Trial: Supreme Court Agrees to Hear ACA Tax Subsidies Challenge

The U.S. Supreme Court agreed today to rule on the Obamacare case King v. Burwell, which asks whether the text of the Patient Protection and Affordable Care Act forbids the granting of tax credits to individuals who purchased insurance on health care exchanges operated by the federal government. The legal controversy arises from the fact that the text of the 2010 health care law limits such tax credits to individuals who purchased their insurance from an "exchange established by a State." Do those words cover the health care exchanges established by the federal government that are now operating in more than 30 states? We’ll soon find out.

Nov 07 11:53

No Asia trade pact expected on Obama's trip to region

The White House downplayed any expectations on Thursday (Nov 6) of progress on a much-awaited Pan-Pacific trade deal during President Barack Obama's upcoming trip to Asia.

The Trans-Pacific Partnership (TPP), which would encompass 40 per cent of the global economy and include 12 nations, has been the subject of protracted negotiations.

Webmaster's Commentary: 

One major brick wall is the TPP demand to prohibit all labeling of GMO products. Many Asian nations already have mandatory labeling of such products such as Japan and would view having to reverse their policy as a sign of weakness towards the United States.

Nov 07 11:12

Pepsi and FedEx among Hundreds of Companies Using Luxembourg to Avoid Taxes

The tiny European country of Luxembourg has become a tax haven for hundreds of international corporations seeking ways to reduce their tax obligations by billions of dollars.

This discovery, made by the International Consortium of Investigative Journalists (ICIJ) from thousands of pages of leaked documents, involves at least 340 companies, including PepsiCo and FedEx.

While having little or no presence in Luxembourg, corporations have enjoyed huge tax breaks through various accounting schemes and legal maneuvers. “In some instances … companies have enjoyed effective tax rates of less than 1 percent on the profits they’ve shuffled into Luxembourg,” ICIJ reported.

FedEx established two Luxembourg affiliates so it could move money made in Mexico, France and Brazil to Hong Kong. The plan resulted in the shipping giant paying only one quarter of 1% on the earnings involved.

Webmaster's Commentary: 

"Taxes? Those are for the little people!!!" -- Official White Horse Souse

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA