ECONOMY

Aug 23 05:43

Obama Buggers Europe: Sanctions Deepen the Recession

The mega-buggers in Washington and the bootlickers in Europe have chosen sanctions over trade and destruction over prosperity. They are paying a price: domestic unrest, displacement from markets by emerging economies and the ascendancy of chaos as a way of life in Western Europe.

Ukraine will join a growing list of countries, Libya, Egypt, Syria, Iraq, Afghanistan, Pakistan, Somalia and Yemen, that Washington and NATO have “saved” (to paraphrase an American general) . . . by being destroyed.

Aug 23 05:32

Portugal Is Now Showing All The Signs Of A Bank Confiscation. Fed Is Pushing The Idea That The Economy Is Very Close To Recovery, And Are Targeting October To End The Stimulus Package.

Portugal is now showing all the signs of a bank confiscation. FED is pushing the idea that the economy is very close to recovery, and are targeting October to end the stimulus package. Obamacare has made firms raise premiums, deductibles and they have seen employment decrease. Police lobbies are putting pressure to keep the Pentagon 1033 program to get military assets. Ukraine, Nato and US are using propaganda that Russia invaded Ukraine. Most of the government officials are using fear mongering tactics to convince the US people that ISIS is ready to attacks. They are constantly out on corporate media pushing terror. This is in preparation for the a horrific false flag event, to get into Syria, Iran and then eventually drag Russia and China into the next World War.

Aug 23 04:56

Poland wants nation to drink more cider as Russia sanctions bite

Poland's economy ministry wants the nation of beer and vodka lovers to drink more cider.

The ministry, which is struggling to help apple producers hurt by a Russian embargo on European foods, has proposed exempting cider from a law that bans advertising any alcohol other than beer.

Poland is a major global apple exporter and had previously sent half its output to Russia.

But the Health Ministry and other health advocates are fighting the proposal. They say it is dangerous to encourage any alcohol consumption at all in a society that does not share the Mediterranean tradition of simply savoring small amounts of wine or beer at mealtimes.

"Poles are not light drinkers - it's the Eastern European model," said Krzysztof Brzozka, director of the State Agency for the Prevention of Alcohol Related Problems.

Aug 23 04:47

Peach protest: Spanish farmers burn EU flag in anger over Russia sanctions war (VIDEO)

A trade union representing Catalonian crop growers and cattle ranchers has staged a protest, demanding that the EU compensate them for the revenues lost as a result of the escalation of sanctions, which have closed the Russian market to them.

A group of about 30 representatives from JARC (Young Farmers and Ranchers of Catalonia), one of the biggest agricultural unions in the region, demonstratively burned crates of ripe peaches outside the Lleida municipality building.

As a throng of journalists looked on, the unionists hurled an EU flag onto the bonfire, which disintegrated in seconds.

"We will not accept any more that the EU keep telling us what to do, these people that have never set foot in a fruit field. For once you will have to listen to the producers, not the consumers," David Borda, a union official, told Ruptly news agency.

Aug 22 20:33

Media banned from reporting on Reserve Bank of Australia corruption scandal

Every time these people get caught committing crimes it gets covered up under the cloak of it being a “threat to national security” if details were released.

Aug 22 16:40

Obama weighs executive action to bring 800,000 foreign workers into USA

After meeting with a “bevy” of big-business groups, President Barack Obama is reportedly considering granting them up to 800,000 additional guest-worker visas via executive actions.

Aug 22 15:33

MIAMI BROKE: More Than 1,000 Stand In Heat For Hours For Box Of Free Food

More than a thousand locals lined up Friday morning for several hours under the scorching sun and heat in Miami for a box full of food. The event located at the Central Shopping Plaza at 3825 NW 7th Street started at 9:00 a.m. Participants got a box of free vegetables, meats and bread worth $100 until 12:00 p.m.–or until supplies lasted.

Aug 22 15:14

Here Come The Robots In Retail

Aug 22 15:08

The Tucker Was the 1940s Car of the Future

Visionary inventor? Preston Tucker risked everything when he saw his 1948 automobile as a vehicle for change.

“As a child, my father told me about the new Tucker,” Coppola recounts. “He had ordered one and invested in the Tucker stock. He took me to see the car when it was on exhibit and I was very excited. I remember the details very well and for months kept asking, ‘When is the Tucker coming?’ Finally he said it was never coming, and that the big companies didn’t want it to exist, and wouldn’t let Mr. Tucker buy steel or the supplies he needed.”
www.historicrail.com/images/0R97167-large.jpg

Aug 22 14:38

Serbia Says It Won't Impose Sanctions on Russia

Despite pressure from the European Union, Serbia will not impose sanctions against Russia or curb its food exports to that country, Serbian Prime Minister Aleksandar Vucic said Friday.

After the U.S. and the EU slapped sanctions on Russian state banks and major industries last month over the crisis in Ukraine, Russia responded with a wide-ranging ban on food products imported from those countries.

Serbia, a traditional Russian Slavic ally which is seeking EU membership, is hoping to capitalize on Russia's ban by increasing its food exports and replacing some Western goods on the Russian market.

The EU has warned candidate countries to refrain from exploiting the Russian ban.

Aug 22 14:12

How High Could San Francisco Office Rents Go?

Aug 22 13:50

Peach protest: Spanish farmers burn EU flag in anger over Russia sanctions war (VIDEO)

A group of about 30 representatives from JARC (Young Farmers and Ranchers of Catalonia), one of the biggest agricultural unions in the region, demonstratively burned crates of ripe peaches outside the Lleida municipality building.

As a throng of journalists looked on, the unionists hurled an EU flag onto the bonfire, which disintegrated in seconds.

"We will not accept any more that the EU keep telling us what to do, these people that have never set foot in a fruit field. For once you will have to listen to the producers, not the consumers," David Borda, a union official, told Ruptly news agency.

Aug 22 12:25

Millions of Americans Are Vulnerable to Starvation

The cost of food has been steadily increasing in places like Thailand and Venezuela as evidenced by the fact that since the beginning of 2014, riots are occurring in countries that are suffering through extreme food shortages. These mass protests movements may all have one thing in common, increasing food prices are the cause of the civil unrest.

Aug 22 12:18

Don Harrold- Gold Has More Value Than Silver

Aug 22 11:36

Foreclosing the American Dream

Recently, I served on the doctoral committee of a student who was writing her dissertation on the “Lived Experience of Foreclosure.” My student’s research illuminated the interdependence of economic stability and self-worth in American culture in a way I hadn’t previously appreciated.

Aug 22 10:20

Official: Rich Continue To Get Richer While Poor Continue To Get Poorer

A new study by the US Census Bureau has 'officially' discovered what we've all known for years, that the gap between the richest in society and the poorest in society has been increasing over the last decade.

The Bureau split the US into five groups, from the wealthiest to the poorest, and found that median net worth of the top groups increased by 11% between 2001 and 2011.

Aug 22 10:07

Andrew Klavan: Income Redistribution

Aug 22 09:39

Bullard Sees ’Several Hundred Billion’ of Reverse Repos

The central bank has been testing overnight reverse repos with a limited set of counterparties, mostly money funds, as a tool to set a floor under short-term interest rates when it begins guiding those rates higher, an event Fed officials forecast to occur in 2015.

Webmaster's Commentary: 

TRANSLATION: "If we shuffle the money back and forth fast enough, people won't notice the pyramid is collapsing!

Aug 22 08:22

Obama Considering Granting 800K Guest-Worker Visas as 90% Believe American Workers Should Be Favored

After meeting with a "bevy" of big-business groups, President Barack Obama is reportedly considering granting them up to 800,000 additional guest-worker visas via executive actions.

Aug 22 08:20

Harry Dent predicts Dow 6,000

Aug 22 07:55

The New World Order Feudal Enslavement System

From times immemorial, the top down authority imposition has been the rule. This system of control is the reason why excrement discharge flows downhill. The feudal model works well for the lords who sit atop the pyramid. Essentially the New World Order is the supreme evolution of the subjugation of the serf class. In spite of this fact, what keeps this inequitable delineation between the dominant and the spineless? Pure power and malicious behavior achieves the perfection of perdition, in this hierarchal slave gulag. Because it can be done and no force can stop the captivity is the cause of the suffering.

Aug 22 07:26

48 suspicious banking deaths

With the global financial system heading towards a major crash in the near future are these people buckling under the pressure of what they see coming or are they being silenced because of what they know?

We can only assume it’s a little of both.

Our advice is if JP Morgan offers you a job: politley decline. The list of top level bankers dying under suspicious circumstances has been growing rapidly in recent months.

Whether these are genuine deaths or something more sinister one thing is for certain, banking is becoming one of the most dangerous industries to be involved in right now with an extremely high death per employee ratio.

Aug 22 07:26

Sears has lost nearly $1 billion so far this year and it’s just getting started

Sears is an icon of American retail. It’s been around since 1893 and served as a staple for many consumers for much of that time. But in recent years, under the stewardship of CEO Eddie Lampert, it’s turned into a money pit. Today, it announced a quarterly loss of more than $500 million. Last quarter, it lost more than $400 million. And the long-running decline is accelerating.

Lampert, in a statement, called the company’s results “unacceptable.” Executives on a conference call with investors and analysts said lagging consumer electronics sales and promotions were to blame.

Aug 22 06:53

The Libertarian Moment in Ferguson

Just two weeks ago, The New York Times Magazine had the temerity to ask, “Has the Libertarian Moment Finally Arrived?” Among the evidence that America is becoming more socially tolerant, fiscally responsible, and interested in shaking things up: rapid increases in the acceptance of gay marriage, pot legalization, and other forms of self-expression; wariness toward our bipartisan interventionist foreign policy; widespread outrage at governmental invasions of privacy; continued antipathy toward Obamacare and declining approval ratings of Congress; and a general lack of belief that spending more money is going to fix the country anytime soon.

Aug 22 06:34

Central Banking at Jackson Hole: Simplistic Dialectic, Significant Ramifications

Like Reuters, Bloomberg is a creature of the establishment and you can read Bloomberg editorials (especially) to garner an inkling about how we ought to be perceiving one of the most important dominant social themes of all: Central banking and the endlessly discussed deployment of its monetary arsenal.

In this case, as before – and as we have maintained – central bankers meeting this weekend at Jackson Hole will palaver earnestly but come up with reasons why monetary policy and interest rates should remain fairly "unchanged."

Webmaster's Commentary: 

Allowing bankers to control the nation's economy makes as much sense as allowing drug addicts to control the nation's pharmacies! Inevitably, all the ills of the nation end up being treated with placebos.

Aug 22 06:32

All Wars Are Bankers' Wars

Webmaster's Commentary: 

Facebook is still blocking attempt to link this video into Facebook posts, claiming that Facebook's security system has labeled YouTube a known security threat

Despite this and other attempts at suppressing the story, this video has had over a half million views, plus been copied to other video servers.

The original article that inspired this video is HERE and contains additional information not in the video.

Aug 22 06:27

The American Dream - FULL VERSION - HD

Aug 22 05:48

Why the Fed Must Taper - The Fed is being forced to end its bond-buying, cutting off the "free money for financiers" that has sustained a frothy stock market.

While the Federal Reserve presents itself as free to do whatever it pleases whenever it pleases, the reality is the Fed's own policies are constraining its choices. Take the taper of U.S. Treasury bond purchases--the heart of quantitative easing (a.k.a. QE or more accurately free money for financiers).

Aug 21 20:30

Sears More Irrelevant By The day

Aug 21 20:25

Remington Arms Cuts 105 Jobs

Aug 21 18:40

48 suspicious banking deaths

Aug 21 18:29

DOJ Allows Bank of America to Deduct $12 Billion of $17 Billion Settlement

Bank of America will pay roughly $4 billion less to the government after-tax than the $16.65 billion it agreed to in a settlement over soured mortgage securities, because parts of the settlement will be tax deductible, the bank said Thursday.

Aug 21 16:44

Sentiment doesn't always precede buying...

Aug 21 16:22

9/11: A Conspiracy Theory

Everything you ever wanted to know about the 9/11 conspiracy theory in under 5 minutes.

WEBMASTER NOTE: Right now the corporate media is shoveling ISIS at us as hard as they can, in an obvious propaganda campaign reminiscent of the similar campaign about "Al Qaeda" and "Osama Bin Laden" that preceded 9-11. Given how desperate the US Government is to revive the war agenda, we should be concerned that a new false-flag attack, bigger and bloodier than the World Trade Towers, is being considered.

Aug 21 16:15

Just What Has QE Accomplished Since 2009?

Aug 21 15:47

Ron Paul: "FED is immoral"

Aug 21 14:47

Iceland homeowners get welcome boost

Iceland says it has launched a debt cancellation initiative for mortgage holders which is likely to benefit half the households in the country.

Each debt could see as much as 26,000 euros knocked off the total due. On Sunday, the country’s tax authorities launched the leidretting.is website, where homeowners can file their application. Some 5,000 people registered in the opening two hours, said one of the site’s technical managers.

Aug 21 14:39

Argentina Peso Collapses At Fastest Pace In 8 Months, Hits Record Low

Since President Kirchner unleashed her 'cramdown' plan for Argentinian debt, the Peso has collapsed at the fastest pace since January's devaluation.

Aug 21 14:34

RIDICULOUS HOUSING PROPAGANDA FROM NAR & MSM

I’ve told myself to not even look at the highly manipulated statistical drivel put out by the government, corrupt organizations, and regurgitated and spun in a positive manner by the captured corporate media. Just when I thought I was out, they pull me back in.

Aug 21 13:48

SEC aggressively investigates media leaks

The government agency sends a clear warning to any employee who speaks to a journalist: Shut up

Aug 21 13:28

Gold Rush Chasers Come Up Empty-Handed

Aug 21 12:48

Profit Down 62% For Another Major US Retailer

Sales at U.S. mass merchandisers such as Target and Wal-Mart Stores Inc have been hit this year as consumers struggling with stagnant wages and high inflation reduce spending.

On top of that, Target has run up big losses in Canada, where its ambitious expansion has stumbled due to supply chain issues and a backlash from customers who had expected prices to be more in line with those in the United States.

Aug 21 12:46

The 35.4 Percent: 109,631,000 On Welfare

109,631,000 Americans lived in households that received benefits from one or more federally funded “means-tested programs” — also known as welfare — as of the fourth quarter of 2012, according to data released Tuesday by the Census Bureau.

Webmaster's Commentary: 

That is the 35% who can be counted on not to criticize the government! Which is the whole point of forcing them into dependency in the first place.

This is how economic tyranny works. The government takes all your money, then offers to give you back a tiny fraction of it as long as you do what the government tells you to do!

Aug 21 12:42

Russia To Surpass Australia As World No 2 Gold Producer

Yesterday, we reported on China’s intent to become a global gold hub and key player in gold price discovery. Another important player in the gold market at the moment is Russia. Their intentions are more realistic and not as ambitious of those of China. However, Russia sees gold as a valuable monetary asset that will protect the ruble in the continuing currency wars.

This is why, Russia has been one of the largest buyers of gold in recent months (see chart) – largest sovereign buyer and one of the largest buyers in general. Although we do not know how much gold the People’s Bank of China is quietly accumulating.

Russia now looks set to become the world’s second largest producer of gold, after China and surpassing current world number two gold producer Australia.

Webmaster's Commentary: 

"INVADE! INVADE NOW! WE NEED TO SAVE THE FED! RUSSIA'S GOT ALL THE GOLD WE NEED!!!" -- Official White Horse Souse

Aug 21 11:24

Big Investors Push for Auditors to Sign Financial Statements

An industry group which represents some of the nation’s largest investors is urging regulators not to back away from plans to require auditors to sign the financial statements they prepare for companies.

Aug 21 11:09

Former Mob Boss Warns Of Stock Market Crash: “I Don’t Trust Wall Street… Buy Gold And Silver”

If you want to know how crooks behave and what you can do to protect yourself, why not ask a former mob boss?

Aug 21 10:36

INTEREST RATE RISES: stand by for the traffic accident

Overpriced stock markets have finally met Zirp interest levels. The Slog analyses why this is the unstoppable force colliding with the immovable object.

Aug 21 10:35

Got weapons? Nude body scanners easily defeated

Researchers are delivering a paper at a security conference Thursday highlighting how easy it is to get weapons through the nude body scanners that have been removed from US airports but have been placed at other government installations across the globe.

The report, given at the Usenix Security Symposium in San Diego, highlights the insecurity of the Rapiscan Secure 1000 Single Pose "backscatter" scanner that once was used throughout the nation's airports but are now deployed at US prisons and courthouses, as well as airports in Africa. The paper, "Security Analysis of a Full-Body Scanner," from researchers at the University of California-San Diego, University of Michigan, and Johns Hopkins University, confirms what even laymen researchers had already discovered: hiding weapons on the side of one's body defeats the machine (PDF).

Webmaster's Commentary: 

This whole TSA thing is a huge money-making scam!

Aug 21 10:18

Big Investors Push for Auditors to Sign Financial Statements

An industry group which represents some of the nation's largest investors is urging regulators not to back away from plans to require auditors to sign the financial statements they prepare for companies.

In my August 13 "Trade" column, I wrote of a struggle between the Public Company Accounting Oversight Board, which regulates the accounting industry, and the Securities and Exchange Commission over reforms to auditor disclosure. The PCAOB, and many accounting reformers and investment groups had pushed for this change.

Aug 21 09:50

Keiser Report: Economy Crapification

Aug 21 09:43

US debt statistics: from bad to sheeeit:

Aug 21 09:20

The Negligence Of Some Child Welfare Workers

"Before 8-year-old Gabriel Fernandez was allegedly beaten to death by his mother and her boyfriend, they doused him with pepper spray, forced him to eat his own vomit and locked him in a cabinet with a sock stuffed in his mouth to muffle his screams, according to court records made public Monday."

Aug 21 09:03

"What could go wrong?”

Aug 21 08:53

Israel’s Most Important Source of Capital: California

For over 20 years California’s technology industry has been channeling billions of dollars to finance the growth of Israeli tech firms. In that time, tech has become a key sector for Israel’s economy

Aug 21 08:49

Glyphosate Market Continues to Boom Despite Health Concerns

According to a new market report published by Transparency Market Research, the global glyphosate herbicides market was valued at USD 5.46 billion in 2012 and is expected to reach USD 8.79 billion by 2019, growing at a CAGR of 7.2% over the forecast period from 2013 to 2019. In terms of volume, the global glyphosate market demand was 718.6 kilo tons in 2012...

Aug 21 08:33

Florida Couple Wins Fight For Front Yard Vegetable Garden!

In this video Luke Rudkowksi of WeAreChange speaks with Jason and Jennifer Helvenston, gardeners who were targeted by the state. Are Americans losing their right to grow their own food peacefully on private property?

The U.S. and Florida constitutions protect property rights from arbitrary invasions. After taking the fight to the government and winning the city has withdrawn their demands to tear up a beautiful garden. These peaceful vegetable farmers are sharing their knowledge with others, for more information visit patriot-gardens.com

Aug 21 08:15

Warren Buffett And The Chinese Are Loading Up On Hard Assets

In the last several years, Warren Buffett went out and bought the Burlington Northern and Santa Fe Railroad. He didn’t just buy some stock, he bought the whole thing, took it private...A railroad is nothing but hard assets. It’s right of way, mining rights adjacent to the right of way, rail, rolling stock, yards, switches, signals, buildings, it’s all hard assets. How does the railroad make money? It makes money by moving hard assets so coal, wheat, corn, steel, other kinds of freight, etc. So, railroad is the ultimate, its hard assets moving hard assets. It’s the ultimate hard asset play. Warren Buffett’s next deal was to go out and buy massive natural resources in oil and natural gas. And by the way, he can move his oil on his railroad. He doesn’t need the Keystone Pipeline. You line up a hundred tanker cars, that’s a pipeline on wheels...

Aug 21 07:13

The Crazy-Making Fed

The Federal Reserve’s communications and policies are a form of crazy-making double bind.

Systems theorist/anthropologist Gregory Bateson developed (with others) the concept of double bind, a psychological and social conflict in which contradictory demands generate a form of schizophrenia:

Aug 21 06:25

Target reports 62% drop in earnings, cuts profit forecast

Its net income also plunged nearly 62% to $234 million, or 37 cents a share. That's compared with $611 million, or 95 cents a share, a year earlier.

Webmaster's Commentary: 

The blame gets dropped on the data breach and those gosh darned Canadians, but the reality is that people in America don't have any more money to go to the stores with. When you have a system that forces people to move from high paying jobs to low paying jobs, people buy less, and that is a fact nobody in the financial sector wants to face up to!

Aug 21 05:30

Big Banks “Bought” Congress … So Credit Derivatives Are Bigger than Ever

The Causes of the 2008 Crisis Have Never Been Addressed

Aug 21 04:40

Gazprom says Ukraine's unpaid gas bill tops $5 billion

Russian natural gas exporter Gazprom said on Thursday that Ukraine's outstanding debt for gas supplies stood at $5.3 billion (3.2 billion pounds) as of Aug. 1 and called on Kiev to ensure that gas continues to transit without disruption to Europe.

"Gazprom counts on Naftogaz of Ukraine to stick to its obligations on redemptions of arrears for the supplied gas and provision of smooth gas transit via Ukraine's territory," Gazprom spokesman Sergei Kupriyanov said.

Russia cut off gas supplies to Ukraine on June 16 in a dispute over unpaid bills. However, Russian gas shipments to Europe via Ukraine have flowed without interruptions since.

It is the third pricing dispute in a decade between the two sides and past standoffs have led to disruptions in supply to Europe.

About half of the gas Gazprom shipped to Europe last year went via Ukraine.

Aug 21 04:34

Countries realizing Ukraine is pretext for anti-Russia bans: Analyst

A political analyst tells Press TV that different countries around the world are now realizing that Western powers are using Ukraine as an excuse to impose more sanctions on Russia, Press TV reports.

During an interview with Press TV, Jim W. Dean said countries that “were on war of sanctions, like Finland, some Latin countries” are beginning to see that they need to be more active in “de-escalating” the Ukraine crisis, in order to prevent more sanctions from being imposed.

“They realize now that Ukraine is being used by the West to create this sanctions war against Russia,” Dean said.

Over the past months, Western states have placed sanctions on Russia, including on its financial and energy sectors.

“NATO is running a psychological operation on the military threat from Russia... [while] the Russian military threat to Ukraine is non-existent,” Dean said.

Aug 20 20:22

30 Reasons Why The Middle Class Is Done

Aug 20 16:34

Fannie Mae Sledgehammers Housing Forecasts

Aug 20 15:19

Whistleblower: Fed “Highly Alarmed” About Bitcoin Conquering Dollar System

A whistleblower who was employed as a briefing researcher at the Federal Reserve has revealed that Fed governors were “highly alarmed” by a major internal report which revealed that Bitcoin would likely supercede the dollar system within the next 12 years.

Aug 20 14:44

Profit Down 62% For Another Major US Retailer

Aug 20 14:11

30 stats to show to anyone that does not believe the middle class is being destroyed

The 30 statistics that you are about to read prove beyond a shadow of a doubt that the middle class in America is being systematically destroyed. Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a staggering pace. Yes, the stock market has soared to unprecedented heights this year and there are a few isolated areas of the country that are doing rather well for the moment.

Aug 20 13:58

The 35.4 Percent:

109,631,000 on Welfare

Aug 20 13:51

Exclusive 16 min Rare interview with Ron Paul

Exclusive full interview with Ron Paul. We talk about libertarian history and the economics of Kaynesianism. The inherent libertarian beliefs that all people are born with. We also discuss foreign policy and the moves against Russian banking with the threat of BRICS countries against the dollar. And how the media has treated Dr. Paul

Aug 20 13:49

PLO condemns forcible deportation of Palestinian MP by Israel

The Palestine Liberation Organization on Wednesday condemned the Israeli order to exile Palestinian member of parliament Khalida Jarrar from her home in Ramallah, as further details emerged of deportation order she received in a pre-dawn raid earlier in the day.

Aug 20 13:48

Bank of America agrees to $17bn fine over mortgage fraud - report

America’s second largest lender has reached a $17 billion settlement with US federal authorities over selling bad mortgages, according to sources close to the negotiations.

The bank will pay out $10 billion in cash and $7 billion for consumer relief – such as modified home loans and refinanced mortgages, AP reports, citing officials close to the negotiations. The final verdict is due on Thursday.

Aug 20 13:41

Watch MICHAEL RIVERO on "AMERICA'S BOOK OF SECRETS - "The Gold Conspiracy"

“The Gold Conspiracy” It is one of the most precious metals in the world. A glittering commodity so rare that people will go to great lengths to obtain it. But who sets the price?

Aug 20 13:37

Study Finds 25% Of Troops Use Food Banks

Aug 20 12:14

States Of Depression: Employment Rates in Most States Still Lag 2007 Levels (NO States Improved In Employment Rates For 25-54 Year Olds)

It is difficult to have a surge in homeownership for the 25-54 year old bracket when not a single state in the US has shown improvement in employment rates since 2007.

Aug 20 12:04

Is the Dollar and Equities Ready to Crash?

As the yearly end of summer doldrums engulf the Hamptons, the uber-wealthy position themselves for a rocky coming storm when the robust fall trading season begins. Some of the most memorable major equity collapses happen during this time of year. Logic, fundamentals and sound business analysis has very little to do in forecasting when the actual plug will be pulled on the rocket ride in stocks. In a rigid game, the house always knows when and at what time the fleecing of the mark happens. Such timing projections do not apply to the decline in the purchasing power of the dollar.More appropriately, Federal Reserve Notes are only compulsory money because of the legal tender laws. Yet, financial instruments are gauged in terms of their worth by the dollar redemption value they produce.

Aug 20 12:03

Rubino: Eurozone now faces QE or death

Aug 20 11:52

Inspector General’s Report Highlights The IRS’s Ongoing Circus

If one needs further evidence that the Internal Revenue Service (IRS) has veered out of control, look no further than last week’s Treasury Inspector General’s repor

Aug 20 11:19

Getting gouged by geeks

Webmaster's Commentary: 

I ... can ... identify...

Aug 20 10:58

AMERICA IS A NO VACATION NATION

Aug 20 10:38

How the Defense Industry Corrupts State Politics

Ted Baumann
Activist Post

On my desk I have a teargas canister that a policeman fired at me many years ago. It’s there to remind me of several things: that the struggle for liberty is often violent; that 2-chlorobenzalmalononitrile (a.k.a. pepper spray) really hurts; and that somebody, somewhere, makes a lot of money selling the tools of repression to government...

Aug 20 10:17

CNN Anchor Suggests Police Use Water Cannons On Ferguson Protesters

In discussing seemingly less-violent options for crowd control, Rosemary Church wonders why the largely white authorities in Ferguson haven't considered using water cannons on the the largely black crowds. Once her co-anchor Errol Barnett processed what she just said, he looks at her like she's gone insane.

Webmaster's Commentary: 

All I can think of is the song line, "Don't know much about history..."

And it is very obvious that Ms. Church is blissfully unaware of the the civil rights movement and struggle in this country in the 60s, when peaceful African-Americans protestors got routinely hit with water cannon attacks so hard, they literally fell to the ground.

As reported at wikipedia.com:

As the jails and holding areas filled with arrested students, the Birmingham Police Department, led by Eugene "Bull" Connor, used high-pressure water jets and police attack dogs on the children and bystanders.

But when you look at this corporate presstitute, whose job it is not to report the news, or do any due-dilligence fact-checking, but to skew the news in any direction the Federal government wants it to be skewed, what she said was both completely logical, and throughly, outrageously stupid and insensitive at the same time.

The Corporatocracy has spoken: either stop protesting, or such protest will be brutally repressed.

But I think the real reason Furgeson has been so over-run with reporters, etc., after this horrifically tragic incident of the shooting of Michael Brown, is to look at creating a national wave of protest which would give Obama the excuse for suspending the Constitution and Bill of Rights nationally, and invoking martial law. Or at the very least, creating a racial issue for the Democrats to ride into the November elections.

Who know, perhaps, even postponing the mid-terms in November indefinitely?!?

As an observer of the geopolitical scene for some time now, I do not have the luxury...of believing in "coincidences".

Aug 20 09:19

S&P 500 support levels:

Aug 20 09:00

Are Negative Rates Coming to the U.S.?

Aug 20 08:50

City of Des Moines Begins Homeless Camp Evictions

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

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

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

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

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

Webmaster's Commentary: 

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

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

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

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

Aug 20 08:29

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

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

TruthDig reported last year:

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

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

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

Webmaster's Commentary: 

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

Aug 20 08:28

Is Portugal Next in Line for Wealth Confiscation?

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

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

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

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

Aug 20 08:24

EU Advisors Advocate use of Military Against Strikes and Protests

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

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

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

Webmaster's Commentary: 

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

Aug 20 08:15

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

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

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

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

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

Aug 20 07:58

The poor get poorer: Low-wage jobs still dominate

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

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

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

Aug 20 07:51

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

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

Aug 20 06:53

Uh-oh: Stock buybacks are on the decline

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

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

Aug 20 06:52

Municipal Bonds: The Bait in the Trap

Aug 20 06:05

10-year JGB yields near 0.5%

Aug 20 06:00

Paul Craig Roberts: Putin should meet privately with European Leaders

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

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

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

Aug 20 05:11

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

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

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

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

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

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

Aug 20 00:47

The Bitcoin Novelty – A Revolutionary Idea

Waking Times

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

Aug 19 22:35

Average Price of Ground Beef Hits All-Time High

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

Aug 19 22:08

Ukraine’s Next Crisis? Economic Disaster

Aug 19 18:45

US housing: hope vs reality

Aug 19 18:10

Why Barclays Sees Waning Bull Market

Aug 19 17:31

David Morgan’s latest silver forecast

Aug 19 15:50

The Beveridge Curve hysteresis and the long-term unemployed

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

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