ECONOMY | WHAT REALLY HAPPENED


ECONOMY

May 30 09:53

Anti-Austerity protests sweep across Italy, Spain

Thousands of Italians have taken to the streets of Rome and several other major cities to express their resentment with the austerity policies imposed by the government of Prime Minister Matteo Renzi.

During the Saturday anti-austerity rallies, the demonstrators, mostly students and activists, chanted slogans against the government and accused the premier of triggering a war on the poor people.

The riot police also scuffled with protesters and apprehended a number of them, while others burnt flares and hurled eggs at the police.

Webmaster's Commentary: 

It may be time to update the design on an old tool!

May 30 09:53

Merkel’s TTIP policy is ‘wrong:’ German Vice Chancellor criticizes US-EU free trade deal

TTIP Hastiness would lead to an unfavorable agreement, German Vice Chancellor and Economy Minister Sigmar Gabriel said, criticizing Chancellor Angela Merkel’s approach to reaching an agreement with the US on harmonizing trade and investment regulations.

“It was wrong that, in the euphoria of [President Barack] Obama's visit to Germany, the Chancellor said that we will be able to conclude negotiations under any circumstances by the end of this year – and that she recently repeated that statement,” Gabriel said in an interview to the German regional RND newspaper group, criticizing Merkel’s stance on negotiations concerning the Transatlantic Trade and Investment Partnership (TTIP) between the EU and the US.

May 30 09:43

$50 oil: sustainable or not?

May 30 09:38

THE UK IS SELLING RECORD QUANTITIES OF ARMS – INCLUDING MISSILES, BOMBS AND GRENADES – TO COUNTRIES LISTED BY THE FOREIGN OFFICE AS HAVING DUBIOUS HUMAN RIGHTS RECORDS

The UK is selling record quantities of arms – including missiles, bombs and grenades – to countries listed by the Foreign Office as having dubious human rights records. Several have been accused of war crimes or suppressing popular protest.

More than £3bn of British-made weaponry was licensed for export last year to 21 of the Foreign Office’s 30 “human rights priority countries” – those identified by the government as being where “the worst, or greatest number of, human rights violations take place”, or “where we judge that the UK can make a real difference”. Listed countries which last year bought British arms and military equipment include:

? Saudi Arabia, which has been accused of perpetrating war crimes in Yemen;

? Bahrain, which used troops to quell protests following the Arab spring;

? Burundi, which is being investigated by the UN for human rights violations;

Webmaster's Commentary: 

These companies sell their weapons to countries where the leadership is just to the right of Attila the Hun on human rights, and then expect no human rights violations will ensue from those sales, and the use of these weapons against civilians?!?

Talk about hypocrisy, writ large!!

The cold, hard, reality is that these sales are all about the money; the leadership of these weapons companies have had their consciences surgically removed, before accepting their positions, and their business philosophy is "profits uber alles".

May 30 09:33

John Embry: Something Big Is On The Horizon

May 30 09:24

Instead of Watching them Decay, LA is Turning Rundown Motels into Housing for Homeless Veterans

By Jay Syrmopoulos

A deal has been approved by the city of Los Angeles that will allow nonprofit and private developers to modify “nuisance” motels into apartment housing that will permanently house 500 homeless veterans.

City officials consider the development a major accomplishment in the drive to create large-scale housing for the estimated 2,700 homeless veterans in Los Angeles County. The plan calls for developers to purchase crime ridden, often run down motels from private owners in an effort to convert them into efficiency apartments, according to the Los Angeles Times.

It’s estimated that nationally between 529,000 and 840,000 veterans are homeless at some time during the year, and that on any given night, more than 300,000 veterans are living on the streets or in shelters in the U.S....

May 30 09:15

DOZENS SHOT OVER MEMORIAL DAY WEEKEND AS THE COLLAPSE OF CHICAGO ACCELERATES

Chaos and violence threaten to spiral out of control in America’s third largest city, and nobody seems to have any idea how to solve the problem. After decades of control by the radical left, many parts of the “Windy City” have become rotting, decaying, gang-infested hellholes. Just like Detroit, the city of Chicago is rapidly becoming a joke to the rest of the world, but a horribly corrupt political culture likely stands in the way of any type of major reform any time soon. And just like much of the rest of the nation, a spirit of violence and civil unrest is rising in Chicago. So far this year, the number of shootings in Chicago is up 50 percent compared to the same time period last year, and that was before we even got to Memorial Day weekend. As of Sunday morning, at least 40 people had already been shot, and authorities were bracing for even more violence as the holiday weekend stretched on…

Webmaster's Commentary: 

Apparently, Chicago's Mayor, Rahm Emanuel, has been utterly impotent, in terms of fixing this.

IF he thought his becoming Mayor of Chicago would improve his CV, in terms of running for State Senator, National Senator, or Congressman from Illinois, his performance (or lack thereof), has really bitten him in a very tender portion of the human anatomy, and that means he has become an intense liability, and embarrassment, for the Democratic Party.

May 30 09:15

We are at The Edge of Meltdown

May 30 06:48

Japan Is First To Panic; Won’t Be The Last

May 30 06:15

Retirement at age 65 is no longer a reality

May 30 05:53

The Sea Gypsy Philosopher: How DOES the world work?

The main tool that these rulers use is Secrecy. We are programmed early in life through our Conformity Indoctrination Factories (schools) to believe that people in leadership positions achieved their prominence because they were smarter and nobler than the rest of us. But in fact, most of the time those who ascend up through the Malignant Overlord food chain, do so because they are more ruthless and soul-less than those below them.

Here is a perfect example of that secrecy in action. My bachelor’s degree was in Political Science, so I studied historical events and world leaders quite thoroughly. But because almost all of the books that I had access to depict the West as an indisputable force for good, I could not find contrary evidence and then make my own decision.

Winston Churchill is the poster boy for this. Here was this supposed noble statesman and courageous cornerstone of British righteousness. That is how he was depicted to me by all of my professors. And that is how I would continue to perceive him if it were not for the Internet.

May 29 13:36

U.S. College enrollment is dropping

May 29 12:42

Obama's True Legacy: The WORST Jobs Disaster In U.S. History

The preposterously low unemployment rate is achieved simply by refusing to count the vast majority of 94 million Americans who aren't in the labor force as "unemployed."

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May 29 11:38

America’s First Certified Organic Fast Food Chain Is Here — and It Pays $16 an Hour

By Carey Wedler

As fast food chains like Jack in the Box and McDonald’s fight to stay afloat, a new fast food chain is challenging fundamental norms within the industry. Organic Coup is the first USDA-certified organic fast food chain in the country, offering previously unheard of healthy options and boasting formidable funding with ambitious plans to expand rapidly across the country.

Touting its organic certification, Organic Coup explains its standards, which “do not allow Genetically Modified Organisms (GMOs), toxic chemicals and pesticides, or the use of antibiotics or added hormones in livestock.”

Their small but savory menu reflects their approach...

May 29 09:59

CHART: More downside ahead for gold stocks

May 29 08:59

In Stunning Reversal, IMF Blames Globalization For Spreading Inequality, Causing Market Crashes

In a stunning reversal for an organization that rests at the bedrock of the modern "neoliberal" (a term the IMF itself uses generously), aka capitalist system, overnight IMF authors Jonathan D. Ostry, Prakash Loungani, and Davide Furceri issued a research paper titled "Neoliberalism: Oversold?" whose theme is a stunning one: it accuses neoliberalism, and its immediate offshoot, globalization and "financial openness", for causing not only inequality, but also making capital markets unstable.

May 29 08:59

EU Passed Tax ID Numbers for Everyone

The EU is laying the groundwork for everyone in Europe to be given a new tax ID number in preparation for moving to electronic money. They are using a National Insurance number pretense to disguise the real objective. This scheme was passed by the Economic and Monetary Affairs Committee last week. This is another step in the federalization of Europe and even the British will have to comply. Naturally, nobody will report this in Britain because it obviously calls for a European Taxpayer Identification Number to keep track of every EU citizen, which include the British.

May 29 08:52

Legal Cannabis is Literally Transforming Cities — Funding Roads, Schools, Charities and More

By Justin Gardner

Two years after Colorado began its first retail sales of cannabis, towns and cities across the state are enjoying the benefits in a number of ways. With sales this year expected to reach $1 billion, local governments are seeing windfalls of tax revenue, which is funding education, recreation, infrastructure improvements, and even aid to the homeless.

The small town of Mountain View may be able to dispel its reputation for collecting revenue through speeding tickets, now that two pot shops reside there...

May 29 08:45

France and Italy could be the next European economies to crash

Denied the option of devaluation, both countries have relied on debt-funded public spending to maintain economic activity and living standards. The people and their representatives refuse to face reality

Webmaster's Commentary: 

May 29 08:37

Economist Paul Craig Roberts: Greece Must Leave the Eurozone to Regain Its Sovereignty

In Greece, the Syriza-led coalition government is now set to agree to new rounds of cuts and privatizations demanded by the country's lenders. Prior to its initial election in January 2015, Syriza had promised to abolish the country's loan agreements and austerity policies. Now, unemployment remains at record levels, and the young and educated continue to leave the country, while recent large-scale privatizations such as the sell-off of the port of Piraeus have been pushed through.

May 29 08:26

9 Uses For Hemp You Won’t Learn From Mainstream Media

By Amanda Froelich

Though the negative stigma associated with cannabis has lessened in recent years – especially since CBD-rich oils to be a powerful aid in fighting cancer, it still hasn’t garnered full support from the public.

Such is unfortunate, as hemp is one of the most versatile (and longest cultivated) crops on the planet and can be used for a variety of practical and economical uses. According to some sources, the crop is humanity’s answer to eliminating smog from current fuels, creating a cleaner energy source that can replace nuclear power, remove radioactive water from the soil, and eliminate smog from skies in industrialized areas.

In addition, nationwide hemp production could eliminate deforestation by converting current paper to hemp paper which can be recycled up to 8 times. Compare this to wood pulp, which is recyclable up to 3 times. Finally, hemp seeds are incredibly nutritious and can even serve as a suitable feed for animals and livestock...

May 29 08:10

From Albrecht to Monsanto: A System Not Run for the Public Good Can Never Serve the Public Good

The following extract is from the 2011 lecture ‘Healthy Soils, Healthy People’ by Professor John Ikerd. The lecture discussed the legacy of renowned agronomist William Albrecht, who died in 1974.

May 29 08:07

Europe Revolts Against Russian Sanctions

From ministerial offices to barricades on the streets, Europe is in open revolt against anti-Russian sanctions which have cost workers and businesses millions of jobs and earnings. Granted, the contentious issues are wider than anti-Russian sanctions. However, the latter are entwined with growing popular discontent across the EU.

May 29 07:57

EU Preparing for a Possible Brexit

SPIEGEL has learned that the foreign ministers of six EU countries have met to discuss the implications of Britain's possible departure from the European Union. They fear that difficult negotiations over the course of two years could result.

May 29 07:52

French PM Valls stakes political career on union fight

Engaged in a fierce tug of war with unions and some of his own party over labour reforms, France's embattled Prime Minister Manuel Valls has staked his political career on staring down the crisis.

Webmaster's Commentary: 

"Regardez, mes maîtres les banquiers ont m'a ordonné de vous faire tous les pauvres afin qu'ils puissent être riche, et je vais le faire, alors vous pourriez aussi bien vous habituer à l'idée!" -- Le Miniister

*Look, my masters the bankers have ordered me to make you all poor so they can be rich, and I will do that, so you might as well get used to the idea!
"Où est la guillotine?"* -- Les gens

*Where is the guillotine?

May 28 16:09

Another Real Estate Crash Is Coming: Legendary Market Timer Unloads His Positions: “They’ve Sold Deferred Reality For So Long…”

If you haven’t heard yet, median home prices in the United States are on a tear having reached all-time highs in April. To boot, rental prices have gone insane, showing a year-over-year inflationary increase of 8%. On top of that, stock markets are rocketing back to their own all time highs based on the premise that the U.S. economy is seeing healthy growth. By all official accounts, it appears that we’re back on track.

May 28 15:51

The NIRP Refugees Are Coming to America

May 28 12:49

Truthout interviews economist Paul Craig Roberts


With the upcoming presidential election in the US, do you believe any of the candidates offer any hope for a change of political, economic or foreign policy direction?

The government is not run by presidents. It's run by several hundred assistant secretaries, and they have nominal bosses called cabinet secretaries ... when you get elected, you're excited and want to get going and you've got to get all of these appointees through the Senate, you end up having to appoint the people the Senate's going to confirm. Otherwise, you never have a government. So unless the revolution also changed the Senate, so that they were to say, "Yes, let's appoint all of these people who will bring change, and undermine all of our relationships with the power structure, the people who give the political contributions to keep us in office, let's wreck all that and appoint somebody who's going to make change," that's not going to happen!

May 28 10:14

Pleading for Peace in Chicago: ‘We Could Be Looking at a Blood Bath’

During Memorial Day weekend, this city reopens its Lake Michigan beaches, regular fireworks displays start at Navy Pier and the downtown streets and spruced-up Riverwalk are crowded with tourists.

But the holiday weekend is often seen here as the start of heightened violence, as well. That has been particularly worrying this year to community leaders and city officials, as they grapple with a rise in gun violence that has traumatized some neighborhoods and left city officials searching for new ways to subdue street crime.

“If something doesn’t change, if we don’t get jobs for these kids, if we don’t change the economic situation, I’m worried that we could be looking at a blood bath,” said the Rev. Corey Brooks, a pastor on the city’s South Side, a mostly African-American area where some of the shootings have been concentrated. “If something doesn’t happen, I fear that we’re potentially looking at one of the worst summers we’ve ever had.”

Webmaster's Commentary: 

Looks as though, from a standpoint of concretely and effectively addressing this issue, Rom Emanuel has been a colossal, epic fail as mayor of this city.

The alleged "educational" system in the city has utterly failed these kids; so have the drug and gang policies, at the state, city, and Federal levels.

Urban gangs give these kids the opportunity to make money, selling drugs, and give them a sense of identity which sometimes their (frequently broken) families can not.

I have to wonder; how well can these kids read and write a standard English?!? How are their math skills?!? And if they don't have proficiencies in reading and math, who is going to want to hire them, and for what kinds of jobs?

How many "shovel ready" jobs exist in Chicago which the construction unions will allow unskilled, non-union members take?!?

There is a hideous overlap of problems here, and I hope that the community can find effective coping strategies to keep the city calm this summer, but were I a betting woman, I would not bet on that happening.

May 28 09:49

Venezuela Drifts Into New Territory: Hunger, Blackouts and Government Shutdown

The courts? Closed most days. The bureau to start a business? Same thing. The public defender’s office? That’s been converted into a food bank for government employees.

Step by step, Venezuela has been shutting down.

This country has long been accustomed to painful shortages, even of basic foods. But Venezuela keeps drifting further into uncharted territory.

In recent weeks, the government has taken what may be one of the most desperate measures ever by a country to save electricity: A shutdown of many of its offices for all but two half-days each week.

But that is only the start of the country’s woes. Electricity and water are being rationed, and huge areas of the country have spent months with little of either.

Many people cannot make international calls from their phones because of a dispute between the government and phone companies over currency regulations and rates.

Webmaster's Commentary: 

I cannot see how this can ultimately end well, or that Maduro will be able to remain in power that much longer.

But I do hope that the government which replaces that of Maduro will be able to meet the needs of the suffering Venezuelan people, and as quickly as humanly possible.

May 28 09:20

Welcome to Crony America: Hedge Fund with $146 Billion in Assets Gets $22 Million Government Subsidy

The world’s biggest hedge fund has secured $22 million of financial assistance from the government of Connecticut, reports FT. The hedge fund, Ray Dalio’s Bridgewater Associates,has $146bn of assets under management. A meeting of Connecticut’s bond commission on Friday approved $5 million in grants for Bridgewater and a $17 million loan that will be forgiven if fund creates 750 jobs in the state.

May 28 06:47

Pro-EU Propaganda in Britain Goes into Overdrive

In recent months, the British establishment has engaged in the most blatant and concerted propaganda campaign since the Scottish independence referendum or the Iraq war. Every day, the establishment spreads more fear in an attempt to keep Britain in the European Union (EU); with this propaganda campaign completely undermining the democratic process.

May 28 06:45

Putin goes to Greece

On May 27th, 2016, Russian President Vladimir Putin will arrive in Athens on a state visit. The Russian head of state will meet with the President of Greece Prokopis Pavlopoulos and Prime Minister Alexis Tsipras. After Athens, the Russian President will go to Mount Athos, where together with the Primate of the Russian Orthodox Church Patriarch Kirill he will participate in the commemoration of the millennium of Russian monarchial presence on Mount Athos.

Webmaster's Commentary: 

Putin is going to offer Greece an alternative to the permanent debt-slavery of the ECB!

May 28 06:44

French Senate to consider resolution on easing anti-Russia sanctions

France’s Senate will debate a draft resolution calling for the easing and gradual lifting of anti-Russia sanctions on June 8. The draft resolution has already been supported by the body’s Committee on European Affairs.

May 27 19:47

"I'm the king of debt. I love debt." - Trump, 2016.

......we can already conclude that Trump’s business operation aimed at dodging tens of millions of dollars in federal taxes – lost taxes that would have to be made up by increasing the burden on the middle class, who often pay withholding taxes and cannot afford the offshore tax havens, expensive lawyers and accountants used by predatory plutocrats like Trump.

At the heart of this scam was a slick trick to transform the purchase of a $50 million ownership stake in Trump Soho into a loan. This maneuver, which is seen by many tax experts as simply illegal, shows us what Trump means when he says that he loves debt. The US tax code notoriously rewards debt and punishes equity, and Trump has fully embraced crushing debt, relieved by periodic write-downs at the expense of others, as his way of life.

In addition, Trump’s agent in this entire matter turns out to be one Felix Sater of Bayrock Group, a shadowy mob figure who represented him in the dodgy and convoluted negotiations. Trump is currently so anxious to put distance between himself and Sater that he may have lied under oath by vehemently insisting that he could not recall who Sater is.

May 27 19:30

Emails Show TPP 'Collusion' Between Big Banks & Obama Administration

A series of emails released Friday show what activists describe as "collusion" between U.S. Trade Representative Michael Froman and Wall Street executives to push for the passage the controversial Trans-Pacific Partnership (TPP).

The emails (pdf), obtained through a Freedom of Information Act (FOIA) request by the group Rootstrikers, which organizes against money in politics, include a message to Froman from a managing director at Goldman Sachs urging him to push for "robust commitments" on Investor-State Dispute Settlement (ISDS) provisions—which allow private corporations to sue governments for perceived loss of profits—to be included in the divisive trade deal.

"I wanted to underscore how important it is for the financial services industry to get robust commitments on ISDS in the agreement... denying our industry the same rights as enjoyed by every other sector would be terribly unfortunate," the email states.

May 27 18:31

Bolin: Wide Range of Data Suggests Market Top

May 27 18:12

Vivid proof of the Greater Depression

May 27 16:20

Hard To Get Too Negative Given Sentiment

May 27 15:24

Dollar Reality – End of Petro Dollars

May 27 14:47

BAILOUT SONG: 'I Used To Think Freddie Mac Was A Pimp' ...

This song does not suck. It's the best bailout song I've heard, and I've heard hundreds.

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May 27 14:46

Losing Ground In Flyover America

May 27 14:00

THE NEXT SYSTEMIC LEHMAN MOMENT

May 27 13:33

Hillary Clinton's New Anti-Trump Ad Misses the Mark

This ad is disingenuous in a dozen different ways. For one thing, the destruction that the Clinton campaign describes was not caused by people swooping in after the bubble burst, buying at the bottom of the market.

It was caused by the existence of a speculative bubble in the first place. And that bubble was inflated not by Donald Trump, but by the people who have at least in part bankrolled Hillary Clinton's career: namely, Wall Street banks.

In the mid-2000s, a speculative mania swallowed up the real-estate markets largely because Wall Street discovered a new (and often criminally fraudulent) way to peddle mortgage securities.

The basic trick involved big banks buying up the risky home loans of subprime borrowers — the loans of people who often lacked verified incomes and had poor credit histories — and repackaging them as highly rated mortgage securities.

Webmaster's Commentary: 

It's also too esoteric for most voters, as opposed to "She lied."

May 27 10:46

G7 Stands Pat on Anti-Russian Sanctions

G7 leaders confirmed their intention to stick to anti-Russian sanctions imposed in connection to Crimea.

The G7 leaders have stressed that sanctions against Russia will remain in place until full implementation of the Minsk peace agreement on Ukraine, pointing out, however, that maintaining constant dialogue with Russia is crucial to the peaceful resolution of the crisis.

"We stand united in our conviction that the conflict in Ukraine can only be solved by diplomatic means and in full respect for international law, especially the legal obligation to respect Ukraine’s sovereignty, territorial integrity and independence. We reiterate our condemnation of the illegal annexation of the Crimean peninsula by Russia and reaffirm our policy of its non-recognition and sanctions against those involved," the G7 leaders said.

Webmaster's Commentary: 

So, it appears that the EU is trying the "if at first you don't succeed, lie, lie again" approach to Russia, in keeping these sanctions in place.

But the rest of the world, including thinking Americans, know what is going on here.

When Yanukovich was thrown under the proverbial bus, by Poroshenko's people, Crimean leadership realized that it had zero credible government in Kiev.

They had a referendum, through which they petitioned the Russian Federation to join it. And in what was attested to being a free and fair election, the referendum carried. Russia then invited them to become a part of the Russian Federation, which they did.

Anyone in the EU with just a smattering of familiarity with Russian history would know that Crimea had been part of Russia until it was annexed by Ukraine in the 1950s by the USSR's Khrushchev, himself an ethnic Ukrainian.

Russia did nothing wrong here, and to describe the process of Crimea's referendum as a Russian "annexation" is one big, fat, hairy lie; the EU members know this, but they stick with it.

But financially, not trading with Russia could put the EU at great financial risk, particularly if the Brexit, Frexit, and Grexit get real, which will signal the end of the EU and the Euro.

May 27 09:27

Are Investors Idiots?

May 27 08:06

Central Banks Can't Go It Alone Anymore

Whether through signals from the Group of Seven meeting this week or in the outcome of the latest round of European negotiations on Greece, officials of advanced countries increasingly are acknowledging that the problems facing their economies require a new response to take over from the overlong use of narrow short-term tools.

This recognition has been too long in the making and, judging from the regrettable lack of credible and detailed action plans, still needs time to be translated into progress on the ground.

Webmaster's Commentary: 

The only solution that actually will work is to end private central banking. Anything else is a distraction and doomed to failure.

May 27 08:05

Hitler Was Financed by the Federal Reserve and the Bank of England (translated from Russian article)

The key structures that defined the post-war development strategy of the West were the Central financial institutions of Great Britain and the United States — the Bank of England and the Federal Reserve System (FRS) — and the associated financial and industrial organizations set out a target to establish absolute control over the financial system of Germany to control political processes in Central Europe.

May 27 08:05

GRAPHIC VIDEO SHOWS VENEZUELANS LOOTING, EATING GARBAGE

May 27 08:02

ALAN GREENSPAN: VENEZUELA DECLARES MARTIAL LAW, AMERICA IS NEXT

Alan Greenspan issued a dire warning about the U.S. economy during an interview with Fox News on Thursday. Greenspan said that as Venezuela descends into martial law, the U.S. is heading in the same direction.

Greenspan warned that the U.S. has “a global problem of a shortage of productivity growth” which is leading it into an impending disaster.

Foxbusiness.com reports:

“What the Fed does at this particular stage is less important than what the markets are doing. And what the markets are beginning to show us is acceleration in money supply for the first time in a very long time… We have a global problem of a shortage in productivity growth and it’s not only the United States but it’s pretty much around the world and it’s being caused by the fact that the populations everywhere in the Western world, for example, are aging and we are not committing enough of our resources to fund that,” he said.

Webmaster's Commentary: 

Long term economic growth cannot happen if decent jobs keep getting off-shored/outsourced; that is one aspect of the problem about which Greenspan is noticeably reluctant to speak.

If the guarantee of decent jobs after college doesn't pan out, women in long term relationships postpone, or avoid pregnancies completely; it is just that simple.

And I, for one, do not blame them; however, Greenspan seems to be waiving his finger at them, as though they were the problem, which they are not.

Rational people don't want to bring kids into this world unless they have some hope of adequately and decently taking care of them, because jobs are there with which to feed, clothe, and educate them.

May 27 08:02

UK to Lose Out on Millions Due to Tax Loophole For Fracking Firms

Greenpeace’s Energy Desk found out that the UK government is giving UK fossil fuel companies investing in fracking tax breaks in form of enhanced capital allowances that reduce their taxable profit.

"It’s inexcusable that Ministers are treating fracking firms to a generous tax loophole, whilst denying clean, renewable energy projects the very same tax breaks," Caroline Lucas, a Green Party member of parliament, said, commenting on the findings.

May 27 07:56

An Unknown Billionaire's Quest To Reverse Aging

If you Google Osman Kibar’s name you’ll find pictures of him playing poker. It’s not that he was ever a serious player–just that in 2006 he won the first poker tournament he ever played in and then, a year later, came in second out of 3,000 players at a tournament run by the World Series of Poker in Vegas.

“I don’t get this,” he told a friend. “I’m going to enter another tournament just to check this assumption.” So he played one more tournament, won it and then quit. “While I’m playing, it’s you and the other players,” says Kibar, 45. “The cards are irrelevant.

May 27 07:55

0:02 / 0:30David Icke - What Others Dare Not Say

May 27 07:51

Europe Revolts Against Russian Sanctions

From ministerial offices to barricades on the streets, Europe is in open revolt against anti-Russian sanctions which have cost workers and businesses millions of jobs and earnings. Granted, the contentious issues are wider than anti-Russian sanctions. However, the latter are entwined with growing popular discontent across the EU.

Germany’s vice chancellor Sigmar Gabriel is among the latest high-profile politicians to have come out against the sanctions stand-off between the European Union and Russia.

At stake is not just a crisis in the economy, of which the anti-Russian sanctions are symptomatic. It is further manifesting in a political crisis that is challenging the very legitimacy of EU governments and the bloc’s institutional existence. The issue is not so much about merely trying to normalize EU-Russian relations. But rather more about preserving the EU from an existential public backlash against anti-democratic and discredited authorities.

May 27 07:11

Wall Street Waits for Yellen Before Taking Off for a Long Weekend

The Friday before Memorial Day weekend is typically dead on Wall Street. The bond market shuts early and trading in stocks slows to a trickle as everyone hightails it out of town.

Not this year.

At 1:15 p.m. New York time, just 45 minutes before the world’s biggest bond market is set to go dark for three days, Federal Reserve Chair Janet Yellen is due to speak at an event in Massachusetts that may turn into a crucial moment for investors handicapping the path of interest rates.

May 27 07:06

The Very Long Bet: 100-Year Bonds That Pay Peanuts

May 27 06:43

Chart of The Day: Mind The Crooked GAAP Gap

May 26 15:31

More Big Retailers Say ‘No’ to GMO Salmon

May 26 15:07

Income Tax: Smoking the Government Cheese

So, no, we don’t need more taxes. We’re already paying too much. If people can’t see that, then they’ve been smoking the government cheese. My only question is: How’d you get that rolled up into the rolling paper?!”

May 26 15:03

Study finds organic crops boost local economies

May 26 14:57

Dollar Stores Continue To Push The US Economy

May 26 14:45

The War on Cash is Ancient (and evil…)

The war on cash is now a global phenomenon: under the pretext of tracing criminal activity, governments everywhere are cracking down on commerce that isn’t monitored or controlled. However, the results of this war reveal its true purpose: tracking citizens and their taxable income.

May 26 14:41

Marc Faber: Gold&Silver Markets 2016 Analysis,The Risk of Global Collapse

In this wide-ranging and extensive interview, Faber states that because of central bank manipulation, he cannot imagine any scenario, REPEAT any scenario, under which there will not be significant pain for investors. He cautions that some money may be made in some asset classes — but one day the music will stop.

May 26 14:33

Injustice System: Texas Jail Sued for Locking Up The Poor: “They Can’t Afford Bail or Trial”

A Texas jail has been caging people who are too poor to afford bail, according to a new lawsuit. Harris County Jail – the largest in Texas and the third largest in the US – is accused of keeping most of its incarcerated population locked up for misdemeanors because they can’t afford bail or trial.

May 26 14:17

Our Poverty Myth

If you’re poor, many Americans think, it’s your own fault. It’s a sign of your own moral failing.

I don’t personally believe that, but the idea has roots in our culture going back centuries.

May 26 13:00

It’s True: Obamacare “Health Insurance Payment Is About To Jump”

Level-headed people and critics knew years ago. Now they are being proven right, not that it is any consolation to those who must pay it.

May 26 12:39

Tory Benefit Sanctions Driving Vulnerable Claimants To Crime & Poverty – Report

Benefit sanctions are driving “vulnerable” claimants to hunger, destitution and crime, a report by Salford City Council has revealed.

The research, first picked up by the Independent, warned that rather than encouraging claimants to enter the labor market, the sudden loss of basic income has adverse effects on mental health, which “could lead to self-harm or suicide.”

May 26 11:48

What Will Sink the US Auto Boom?

May 26 11:28

First Quarter GDP: departed but still melting

May 26 11:14

The Feigned and Future Demise of Big-Oil

By Tony Cartalucci

Four of the top five Global Fortune 500 corporations are involved in petroleum refining. Together with big-finance and industrial giants like big-auto and utility monopolies, big-oil dominates the global economy.

The monopoly it enjoys grants it the unwarranted power and influence it has wielded throughout the 20th and 21st centuries. And because big-oil is integrated into big-finance and other corporate-financier monopolies through various mutual interests, its influence reaches even further still.

The ability to manipulate prices in the markets, starve or bolster any particular nation by targeting energy essential for modern civilization constitutes a weaponization of energy. However, despite this immense power, there are some who claim big-oil’s days are numbered. On one hand they are wrong, on the other, they are absolutely right...

May 26 10:25

surviving the collapse

Interview with Ferfal Aguirre that survived Argentina's slo-mo collapse in 2001

Corruption, private and public sector robbery, and governments preventing recovery via endless tampering

May 26 09:13

Why Governments Hate It When Other Countries Have Low Taxes

While international bureaucrats enjoy tax-free salaries, they never tire of trying to raise taxes on everyone else.

May 26 08:39

Bank in the UK? Plans afoot to make YOU liable for bank fraud

Bank customers may be obliged to bear the bill for fraud against their accounts, under proposed changes under consideration between banks, the UK government and GCHQ.

Under the plans, individuals or companies with poor online security could be “frozen out of banking services or even excluded from the system whereby banks compensate customers whose accounts are hacked”, the Financial Times reports.

UK banks - unlike those in the US - routinely cover the costs of online fraud, at least in cases where customer negligence (such as sharing PIN codes or cards with third parties) is excluded. Pushing the burden of fraudulent losses towards customers is likely to be hugely controversial.

May 26 08:32

U.S. Hemp Industry Generates Half a Billion Dollars In Sales

By TJ Martinell

Despite unconstitutional federal restrictions on industrial hemp farming, the industry last year netted half a billion dollars in sales in the United States ... imagine of states exerted their rights and completely ignored the federal government...

May 26 07:58

The Mexico Way

Clearly, Trump is accusing the Mexican ruling class—the politicians and billionaires like Carlos Slim, the largest single shareholder of The New York Times—of dumping their surplus population on the United States.

That Mexico’s elites are outmaneuvering America’s leaders strikes Trump as a bad thing. Yet, to the American media, the very existence of a Mexican ruling caste with interests different from those of American citizens doesn’t seem to register as a concept with which they are able to deal. Sure, Mexico is a country of over 120 million people that shares a 1,950-mile border with the U.S., but it’s not, you know, Israel when it comes to being important to American interests.

May 26 07:54

Bankers above the law! Christine Lagarde not charged in embezzlement investigation

But she has not been completely cleared in the investigation over her authorisation of a controversial out-of-court settlement for the maverick French businessman Bernard Tapie when she was finance minister under Nicolas Sarkozy.

Instead, Lagarde has been placed under the status of "supervised witness". In French legal terms, this is less serious than being placed under formal investigation. It means that in any future hearings she will have to answer questions as a witness with her lawyer. She could technically still be charged later if judges change their minds.

May 26 07:47

France: “State of Emergency” Extends State Terrorism as Nationwide Protests Gather Momentum

As riots, strikes and protests sweep across France, ostensibly driven by a revolt against new labour laws introduced by the Government’s labour reform bill, we ask if we are seeing the escalation of the chaos strategy designed to create unrest and divide social movements, thus undermining any genuine grass-roots organisation against the ever extending “state of emergency”.

Webmaster's Commentary: 

Or are we seeing the start of a global revolution against the money-junkies?

May 26 07:29

Unemployment, Low Wages Make Third Of Young Americans Live With Parents

The family nest is getting full again as nearly a third of millennials tend to go back to live with their parents rather than settle down on their own, a new study reveals. The year 2014 saw the trend peak nearly to record-breaking levels since World War II.

The Pew Research Center found that 32.1 percent of 18-to-34 year old Americans prefer living with their parents to sharing a place with a roommate or a romantic partner.

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