ECONOMY

Sep 30 18:09

GMO companies are dousing Hawaiian island with toxic pesticides

The four transnational corporations that are experimenting with genetically engineered crops on Kauai have transformed part of the island into one of most toxic chemical environments in all of American agriculture.

For the better part of two decades, BASF Plant Science, Dow AgroSciences, DuPont Pioneer, and Syngenta have been drenching their test crops near the small town of Waimea on the southwest coast of Kauai with some of the most dangerous synthetic pesticides in use in agriculture today, at an intensity that far surpasses the norm at most other American farms, an analysis of government pesticide databases shows.

Each of the seven highly toxic chemicals most commonly used on the test fields has been linked to a variety of serious health problems ranging from childhood cognitive disorders to cancer. And when applied together in a toxic cocktail, their joint action can make them even more dangerous to exposed people.

Sep 30 17:32

September: Worst Quarter Since 2012

Sep 30 17:27

The US Has No Banking Regulation, And It Doesn’t Want Any

It is, let’s say, exceedingly peculiar to begin with that a government – in this case the American one, but that’s just one example -, in name of its people tasks a private institution with regulating not just any sector of its economy, but the richest and most politically powerful sector in the nation. Which also happens to be at least one of the major forces behind its latest, and ongoing, economical crisis.

That there is a very transparent, plain for everyone to see, over-sized revolving door between the regulator and the corporations in the sector only makes the government’s choice for the Fed as regulator even more peculiar. Or, as it turns out, more logical. But it is still preposterous: regulating the financial sector is a mere illusion kept alive through lip service. Put differently: the American government doesn’t regulate the banks. They effectively regulate themselves. Which inevitably means there is no regulation.

Sep 30 17:22

Boeing Plans 2,000 Job Cuts in Defense Work

In the latest drain of high-paying Boeing jobs out of Washington state, the jet maker’s defense division said Monday it will shift about 2,000 jobs, mostly in engineering, out of the region by 2017.

The announcement comes after receiving an 8.7 billion dollar in tax breaks passed to secure the building of the 777X in Washington.

Sep 30 15:42

Senate Sponsor Exposes The Real Reason For The Fed

...Funding War!

Sep 30 15:07

20 percent of American workers have lost their job during the last 5 years

Roughly one-in-five American workers have been laid off during the last half-decade, according to a recent report, raising new doubts about exactly how secure job stability really is within the United States.

The report, published last week out of the John J. Heldrich Center for Workforce Development at Rutgers University, found that roughly 30 million Americans — or around 20 percent of the workforce — have lost a job during the last five years.

Sep 30 14:48

The U.S. Government Is Borrowing About 8 Trillion Dollars A Year

I know that headline sounds completely outrageous. But it is actually true. The U.S. government is borrowing about 8 trillion dollars a year, and you are about to see the hard numbers that prove this.

When discussing the national debt, most people tend to only focus on the amount that it increases each 12 months. And as I wrote about recently, the U.S. national debt has increased by more than a trillion dollars in fiscal year 2014. But that does not count the huge amounts of U.S. Treasury securities that the federal government must redeem each year. When these debt instruments hit their maturity date, the U.S. government must pay them off.

Sep 30 12:55

THE WRH BANKER ARTICLES: ALL IN ONE CHUNK

I have received many emails regarding the various articles I have written about the problems with the current economic system of being forced to borrow all currency at interest from a privately-owned central bank. This is, of course, the very system of banking the United States fought a revolution to be free of, only to be sold back into said banker slavery not just once, but three times by corrupted congresses and corrupted presidents.

I have been asked to collect all those articles into a single page to make it easier for people to send to their friends, and this collection is the result.

Optional Banner: 
WRH Exclusive
Sep 30 12:15

Joe Biden and the Ghost of Shylock

Napoleon once famously remarked that “in politics, stupidity is not a handicap.” In few cases does this seem more apt than in that of Vice-President Joe Biden, perennial lapdog to the ADL’s Abraham Foxman. Biden has recently added to last year’s faux pas by recently committing the egregious sin of using the word “Shylocks” to describe mortgage lenders. The slip came in a speech to the Legal Services Corporation, which provides lawyers to Americans who could not afford them otherwise. In his remarks, the Vice-President described the experience of his son, Delaware Attorney General Beau Biden, who was deployed for one year in Iraq:

People would come to him and talk about what was happening to them at home in terms of foreclosures, in terms of bad loans that were being — I mean, these Shylocks who took advantage of these women and men while overseas.

Sep 30 12:09

These Are The Important Underpinnings of Gold

Sep 30 11:48

The Big Tax Increase Nobody Noticed

A new paper from the Center for Economic and Policy Research (CEPR) examines the results of two recent polls that indicate that the American public may not be as sensitive to changes in taxation rates as conventional wisdom holds.

The report, “The Big Tax Increase Nobody Noticed,” details the results of two Google Consumer Survey polls conducted by CEPR in 2013 and 2014. The polls asked respondents about the payroll tax that funds Social Security and whether that tax rate had changed that year. In the 2013 poll, the majority of respondents (56 percent) did not know if their taxes went up or down and just 29 percent knew that the payroll tax did in fact go up.

Sep 30 10:34

Russia could ditch US dollar in 2-3 years – head of Russia's #2 bank

Two to three years would be enough time for Russia to switch to international settlements to the ruble, Andrey Kostin, head of Russia’s second-biggest bank VTB, said.

“Two to three years is enough, not only to launch [settlements in rubles], but also to complete these mechanisms. But much will depend on how banks will cope with the task,” Kostin said in an interview with Izvestia newspaper.

Kostin first put forward the idea of switching to national currencies in international settlements about a decade ago, which means a move to the ruble shouldn’t be considered a counter-sanction measure.

"I did not find understanding in this matter with the previous leadership of the Central Bank [10 years ago ] They believed that since the [US] dollar works, we shouldn’t do anything, and settlements in rubles will just bring additional risks. Under the new leadership the position of the Central Bank changed. I think that soon we will achieve a major breakthrough,” Kostin said.

Webmaster's Commentary: 

With the ever growing frailty of the US economy (except for the already super-rich), I frankly doubt that it will take quite as much time for this to happen as Mr. Kostin postulates.

Sep 30 10:29

Strip private banks of their power to create money - Martin Wolf (Financial Times)

“Printing counterfeit banknotes is illegal, but creating private money is not. The interdependence between the state and the businesses that can do this is the source of much of the instability of our economies. It could – and should – be terminated.”

Sep 30 10:20

Video: The Death Of King Dollar: “This Could Happen As Soon As 2018?

Despite continued assurances about America’s economic strength and global influence, scores of nations around the world are rapidly divesting themselves from their dependency on the world’s reserve currency as a mechanism of exchange. The key players, Russia and China, are actively developing entirely new systems of trade with numerous partners that include countries from the middle east, Asia and South America.

Sep 30 10:20

Raising minimum wage reduces poverty while increasing GDP in Brazil

The Center for Economic and Policy Research (CEPR) released a research paper today that looks at social and economic indicators, as well as policy changes that have occurred since 2003 in Brazil.

“The lives of tens of millions of Brazilians have been transformed by the economic and social policy changes of the past decade,” said CEPR Co-Director Mark Weisbrot, lead author of the paper. “A sharp increase in economic growth, combined with increased social spending, large increases in the real minimum wage, and increased bargaining power for labor allowed for greatly reduced poverty and unemployment, as well as declining inequality.”

“These changes appear to be durable, having mostly withstood the world recession and the slowdown in worldwide economic and trade growth of the past few years.”

Webmaster's Commentary: 

"No, no, no, no, NO! WE are supposed to have all the money! We are doing God's work! You wanna go up against GOD! Huh? HUH??" -- Gold in my Sacks

Sep 30 10:04

Did The Winter War Just Begin? Russian Gas Supplies To Europe Plunge 15%, Ukraine Transit Slashed 54%

Just a week ago, the Russian energy minister made the first public 'threat' of gas supply "throttling" disruptions to Europe but judging by the data that has just been released, it appears the 'throttling' has begun. Bloomberg reports that Russian gas supplies to Europe fell 15% year-over-year in Q3 - the most in over two years - as natural gas transit through Ukraine plunged 54% year-over-year. In 2013, Gazprom sent 60% of its supply via Ukraine pipelines, in August that dropped to 39%, and in September only 34%. Of course, Europe remains confident its storage efforts will buffer any "Winter War" disruptions, as we noted here, but as Citi warned previously, "if colder weather arrives, storage levels will be drained," and then there is the Spring (and German industry needs).

Webmaster's Commentary: 

The corporate media is spinning this as an evil plot on the part of the Russians, but fails to mention that Kiev has not fully paid for the gas they get from Russia since the Junta and is arrears in the bill. Russia has every right to shut off the valves just as your gas company will do if you do not pay the bill.

Sep 30 09:49

“Very pleased we have entered into relations again with American Government” -Rothschilds, 1878

In 1878, the Rothschilds were back in business with the US government (after having been chased out of DC by Andrew Jackson in the 1830’s), as detailed by this cable discussing the Rothschild refinancing of American debt:

Messrs. Rothschild & Sons to Mr. Sherman.
[Cable message.]

April 12,1878.
Hon. John Sherman,
Secretary of the Treasury, Washington D. C.:

Very pleased we have entered into relations again with American Government. Shall do our best to make the business successful.

ROTHSCHILDS.

We’ve now established that the Rothschilds “entered into relations” with the US government in 1878.

Sep 30 09:46

Worker Groups 'Alarmed' White House May Delay New Minimum Wage, Overtime Rule

It was once part of President Barack Obama's "We Can't Wait" economic agenda. But now the wait might be getting even longer.

The Labor Department is considering delaying a long-awaited rule that would extend new workplace protections to home care workers -- a possibility that has advocates for low-wage workers steamed.

In a letter addressed to Labor Secretary Tom Perez on Monday, more than 40 labor and advocacy groups said that they were "alarmed" by suggestions that officials might delay the new regulations and put a "historic workplace victory in jeopardy."

"The basic rights of two million home care workers -- predominantly women and disproportionately women of color -- once again hang in the balance, as the administration appears at risk of faltering in the face of opposition," they wrote.

The letter included signatures from the AFL-CIO labor federation, American Psychological Association and the National Employment Law Project, among others.

Webmaster's Commentary: 

A memo to the members of these groups: did you ever, for one millisecond, believe that this man, the ever-faithful servant of the banks and large corporations, represented YOU?!?

IF so, I would imagine that the absence of movement on this cause is a very rude awakening.

Obama's faux populism is simply that; an act, nothing more, nothing left. I am sorry that hurts right now, but it is the cold, hard reality.

By the time a national candidate is carefully vetted by the major corporations in this country, which expect those candidates to do their will, they no longer represent the people of this country at all.

Sep 30 09:31

US AFRICOM to establish its own Air Command

Come the start of October US Air Forces Africa will be activated and given the designation of the 17th Air Force.

This announcement was made at Ramstein Air Base in Germany by General William Ward, Commander of US Africa Command (Africom).

Welcoming the US Air Forces Africa to Africom he said it was a major undertaking involving hard work to establish a new air force service component command from the ground up.

The airborne component of Africom, Ward said, will have the same mission. That is to In concert with other US Government agencies and international partners, conduct sustained security engagement through military to military programmes, military sponsored activities and other military operations as directed to promote a stable and more secure African environment in support of US foreign policy.

Webmaster's Commentary: 

This is simply about determining who gets Africa's vast natural resources, and assuring that those resources will only be sold in US dollars.

Sep 30 09:28

In the shadow of Iran a new UAE oil port is transforming energy sector

In response to Iran’s strategic grip over oil passing through the Strait of Hormuz, a new export route for crude from the Persian Gulf is growing on the coast of the Arabian Sea, with the potential to transform global energy markets.

Giant tankers now queue in lines stretching for miles to load oil or refuel at Fujairah – a sleepy sheikhdom in the United Arab Emirates (UAE) – after the government invested billions of dollars into building a giant oil pipeline across the rugged Hajar mountains, with the aim of ending the potential stranglehold that Iran could place on the nation’s exports of crude.

The 21-mile-wide Hormuz channel handles a third of the world’s oil-tanker traffic and connects the Persian Gulf’s sheikhdoms to the Arabian Sea. Fears that Tehran could choke off exports shipped through it have been a concern weighing on oil markets for decades.

Sep 30 09:10

Whistleblower Releases Tapes Exposing Federal Reserve Corruption

Do you believe that the Federal Reserve is regulating big banks? Recordings released by a whistleblower show the cozy relationship between banks “too big to jail” and the private Federal Reserve that rejects accountability to Congress.

Sep 30 09:02

One-Fifth of U.S. Workers Were Laid Off in Past Five Years

One in five U.S. workers was laid off in the past five years and about 22% of those who lost their jobs still haven’t found another one, according to a new survey that showed the extent Americans have struggled in the sluggish labor market since the Great Recession ended.

Those who did find work had a difficult time with their job search and the effects of unemployment, the survey by the John J. Heldrich Center for Workforce Development at Rutgers University found.

Nearly 40% said it took more than seven months to find employment and about one in five of laid-off workers said all they could find was a temporary position.

Webmaster's Commentary: 

There is no "recovery" economically, except for the one percenters.

Sep 30 08:59

Average Americans Grow Poorer as U.S. Per Capita Wealth Reaches New High

A study by economists at the University of Michigan for the Russell Sage Foundation showed that, in 2013, the median American household saw its total assets fall by 36% from 2003. Over the same time period, the total wealth in the United States grew by over 80%.

With total wealth growing and median wealth declining, the average American’s nest egg is getting smaller and smaller despite greater wealth per person in the country. A Credit Suisse study from earlier this year showed that an American’s median net worth was just $45,000. In other words, the typical American has total assets that are just 15% of the actual per capita wealth in the United States.

At the same time, the average millionaire in the United States has $50 million in total assets.
Debt, Wealth Per Capita

Webmaster's Commentary: 

This situation is totally unsustainable, economically.

Sep 30 08:47

Why Isn’t America “As Mad As Hell” And Unwilling To “Take It Anymore”?

Howard Bloom, Yale literature professor and cultural critic, recently stated “I am 79 years old and I have never seen this country in such a bad state. It is madness. What we are seeing is the fall of the Roman Empire, only now it is the fall of America, the glory of our Empire.”

Ebola threatens to sweep across America. The United States sits on the brink of World War III. The economy is teetering on collapse. The Chinese are on the verge of owning your possessions and you and this arrangement was agreed to by people who were elected to “protect and defend the Constitution”.

Sep 30 08:38

House prices see widespread slowdown in July

Here’s one sign that the cooling off for housing appreciation has become widespread: The hot San Francisco housing market actually saw home prices drop in July, marking the city’s weakest result since early 2012, according to data released Tuesday morning.

Sep 30 08:31

Federal Judge Rules Detroit Residents Have No “Fundamental Right” to Water

Rhodes dismissed a lawsuit filed by victims of the water shutoffs, which argued that the city’s policy was doing irreparable harm to residents and threatened to create a public health disaster. The residents argued that the city’s policy violated the 14th Amendment’s prohibition against a state “depriving any person of life, liberty, or property without due process of law” and the principle of “equal protection” under the law, since service to major corporations, which failed to pay, had not been discontinued.

Webmaster's Commentary: 

Sep 30 08:29

Ebola-stricken Liberia is descending into economic hell

Liberia, the West African nation hardest it by Ebola, has begun a frightening descent into economic hell.

That’s the import of three recent reports from international organizations that seem to bear out the worst-case scenarios of months ago: that people would abandon the fields and factories, that food and fuel would become scarce and unaffordable, and that the government’s already meager capacity to help, along with the nation’s prospects for a better future, would be severely compromised.

Webmaster's Commentary: 

Agenda 21? NSS memorandum 200? Just bad luck?

Sep 30 08:12

Is the Stock Market Top In?

The pool of greater fools willing and able to buy assets at higher prices with leveraged free money has been drained by six years of credit/risk expansion.

Sep 30 08:04

Nearly $1bn already spent on US military campaign against ISIS

The US-led military operation against the Islamic State (IS, formerly ISIS) militants has likely so far cost between $780 and $930 million, according to an estimate by Washington-based think tank specializing in defense issues.

The estimate is part of a report attempting to forecast how much the operation might cost in the future. It was published on Monday by the Center for Strategic and Budgetary Assessments (CSBA), that’s influential with the US Department of Defense.

The think tank’s defense experts, many of whom are military veterans, have used a figure given by the Pentagon itself, which said that the military operations against the Islamic State cost $530 million through August 26.

Sep 30 07:34

Pharmaceutical companies conspired to keep more affordable generic products off the market, FTC claims

(NaturalNews) Men who require testosterone replacement therapy have been deprived access to lower-cost, generic versions of the popular branded testosterone drug AndroGel in violation of the law, claims a new federal lawsuit. The Federal Trade Commission (FTC) is suing several major drug companies, including AbbVie and its partner Besins Healthcare, for allegedly breaking the law by blocking consumer access to cheaper versions of the drug.

According to the FTC complaint, AbbVie engaged in illegal, anticompetitive behavior when it paid Teva Pharmaceuticals, a generic drug competitor, to not produce a generic alternative to AndroGel, even though the drug's patent had already expired. And Teva, by allegedly accepting this settlement agreement, also engaged in illegal behavior, says the FTC.

Sep 30 06:48

Why Isn’t America “As Mad As Hell” And Unwilling To “Take It Anymore”?

Howard Bloom, Yale literature professor and cultural critic, recently stated

“I am 79 years old and I have never seen this country in such a bad state. It is madness. What we are seeing is the fall of the Roman Empire, only now it is the fall of America, the glory of our Empire.”

Ebola threatens to sweep across America. The United States sits on the brink of World War III. The economy is teetering on collapse.

Sep 30 04:49

The US Is Now 50% More Unequal Than Ancient Rome (And That Includes Slaves)

It is perhaps not entirely surprising then that, the total income controlled by the Top 1% is drastically above that of the slave-included times of Ancient Rome and as high as the peak in the roaring 20s.

Sep 30 04:44

Europe & China Start Direct Trading In Euros & Yuan As De-Dollarization Expands

De-dollarization has been an ongoing theme hidden just below the surface of the mainstream media for more than a year as Russia and China slowly but surely attempt to "isolate" the US Dollar. Until very recently, direct trade agreements with China (in other words, bypassing the US Dollar exchange in bilateral trade) had been with smaller trade partners. On the heels of Western pressure, Russia and China were forced closer together and de-dollarization accelerated from Turkey to Argentina as an increasing number of countries around the world realize the importance of this chart. However, things are about to get even more dramatic. As Bloomberg reports, China will start direct trading between the yuan and the euro tomorrow as the world’s second-largest economy seeks to spur global use of its currency in a "fresh step forward in China’s yuan internationalization."

Sep 29 18:43

The U.S. Government Is Borrowing About 8 Trillion Dollars A Year

I know that headline sounds completely outrageous. But it is actually true. The U.S. government is borrowing about 8 trillion dollars a year, and you are about to see the hard numbers that prove this.

Sep 29 15:30

Shocking Charts: Is This “Banker’s Tell” Predicting a Market Crash In The Near Future?

Within weeks of this pattern developing in 2008 we saw one of the largest market crashes in American history…

Sep 29 14:25

400 richest Americans now worth $2.3 TRILLION!

America’s wealthiest are worth more than ever – with the top 400 billionaires worth a breataking $2.3trillion, according to the latest edition of the Forbes 400.

Sep 29 14:21

Cradle to Grave: Student Debt Now Bankrupting Seniors

As if aging in America isn’t hard enough these days, a new government report has uncovered that seniors are facing yet another barrier to a secure retirement: their student debt. Once thought to be a young person’s issue, new data released by the Government Accountability Office shows that older Americans are also finding themselves buried under the weight of their student loans. The data helps paint a much larger picture of the overall economic insecurity that too many of our country’s seniors face every day.

Sep 29 14:12

America’s Dirty Little Secret: Sex Trafficking Is Big Business

The mysterious disappearance of 18-year-old Hannah Graham on September 13, 2014, has become easy fodder for the media at a time when the news cycle is lagging. After all, how does a young woman just vanish without a trace, in the middle of the night, in a town that is routinely lauded for being the happiest place in America, not to mention one of the most beautiful?

Sep 29 13:35

The Collapse of the American Economy Has Begun

On the surface, these claims appear to border on hysteria. However, as history has proven, time and time again, that Susan Duclos, Stefan Stanford and “V” are to always be taken seriously when revealing controversial information.

Subsequently, I proceeded to find confirming, or disconfirming evidence, that these claims are accurate and should taken seriously by all Americans. Both the direct and ancillary evidence serves as overwhelming in support of V’s claims and Susan’s reporting.

Sep 29 13:26

Keiser: Black Hole of UK Debt

Sep 29 13:22

BofA Merrill Lynch: The Four “Canaries in the Coalmine” Died. They Indicate “An Inflection Point,” As They Did In 2008 And 2011. Even Relentlessly Exuberant VCs Are Warning.

On the Nasdaq and the New York Stock Exchange combined, 251 companies have gone public this year as of September 26, up 73% from last year. Their IPOs raised $77 billion, nearly double the amount raised last year at this time. It was the second largest amount in history, behind only the year when all IPO craziness came to a head and finally blew up, the infamous year 2000, which, for this period, clocked in at $84 billion.

Sep 29 13:06

Are Cars About to Crash?

Sep 29 12:38

AT&T’s congestion magically disappears when it’s signing up new customers

AT&T yesterday began offering “double the data for the same price” to new customers and existing customers who sign new contracts, apparently forgetting that its network is so congested that speeds must be throttled when people use too much data.

Like other carriers, AT&T slows the speeds of certain users when the network is congested. Such network management is a necessary evil that can benefit the majority of customers when used to ensure that everyone can connect to the network. But as Federal Communications Commission Chairman Tom Wheeler has argued, the carriers’ selective enforcement of throttling shows that it can also be used to boost revenue by pushing subscribers onto pricier plans.

Sep 29 11:04

A (yacht)

M/Y "A" is a luxury motor yacht designed by Philippe Starck and Martin Francis,[6][7][8] and constructed by Blohm + Voss at the HDW shipyard in Kiel, Germany.[5][9] It was commissioned in November 2004, and delivered in 2008 at a rumoured cost of US$300 million.[10][11] With a length of 119 metres (390 ft) and displacing almost 6,000 tonnes, it is one of the largest motor yachts in the world.[9][12]

Named for the first initial of its owners, Andrey and Aleksandra Melnichenko, its provocative styling has polarized opinions since its launch.[13] It has evoked comparisons with submarines and stealth warships, while commentators have referred to it as the "most loved and loathed ship on the sea".[14][15]

Webmaster's Commentary: 

This yacht was here in Hawaii not too long ago. A reminder of how ostentatious the money-junkies love to be! A friend on Kauai said they were glad to see it leave following the owners' acting like they could go anywhere and do whatever they wanted on shore without regard for local laws.

Sep 29 09:41

War, Media Propaganda, and the Police State

George Creel, Walter Lippmann, Edward Bernays and Harold Lasswell all played influential roles in the newly-formed Committee on Public Information, and would go on to be major figures in political thought, public relations, and psychological warfare research.

Sep 29 09:40

The Plunge Protection Team Is Opening An HFT-Focused Chicago Office

For several days we had heard a persistent rumor, that one of the most famous members of the New York Fed's Markets Group, also known as the Plunge Protection Team, Kevin Henry was moving to the HFT capital of the world, Chicago. We refused to believe it because, let's face it, when the trading desk on the 9th floor of Liberty 33 needs to get its hands dirty in stocks, it simply delegates said task using just a little more than arms length negotiation, with the world's most levered HFT hedge fund: Ken Griffin's Citadel. Why change the status quo.

And then, it turned out to be true...

Sep 29 09:33

Mississippi Sued Over 'Hellish' Conditions in For-Profit Prison

At the East Mississippi Correctional Facility, sometimes incarcerated people are forced to resort to starting fires to get attention from negligent staff. (Photo: ACLU)

Denial of food and medical care. Cells and floors soiled with blood, urine, and feces. Excessive force by prison guards. Weeks, months, and years in solitary confinement.

These are the conditions found at a "special needs" for-profit prison, the East Mississippi Correctional Facility, which is tasked by the state's department of corrections with incarcerating 1,200 people, approximately 1,000 of whom have severe psychiatric disorders, according to a legal motion filed Friday.

Webmaster's Commentary: 

THIS is what happens when you allow criminals to be incarcerated in for-profit prisons.

Of course, these contracts were well and truly purchased by these corporations, most probably in the form of bribes to the officials of the Mississippi Department of corrections.

This country has not been able, collectively, to make up its mind as to whether to punish or rehabilitate, so it winds up punishing, which nearly guarantees higher rates of recidivism.

Sweden is emptying its prisons, because of its commitment to rehabilitation; the US's prison population keeps growing. What is wrong with this picture?!? BLOODY EVERYTHING!!

Sep 29 08:58

KRUGMAN: Mario Draghi Probably Can't Save Europe On His Own

In an interview, Paul Krugman explains why Mario Draghi — despite his recent stimulus measures — probably can't save Europe's economy on his own.

Webmaster's Commentary: 

Europe's economy (nor the US) cannot and will not be saved until people are ready to confront the fact that private central banks, which by design create more debt than money to pay that debt, are the cause of the problem.

Sep 29 08:46

The model for America: Ruling elites dispense with democracy in Detroit

As bankruptcy proceedings enter their final stages in Detroit, Michigan, the historic center of American auto manufacturing, the political establishment is moving to put in place mechanisms to ensure the permanent dictatorship of the banks over the city’s working class. As with the bankruptcy itself, the forms of rule pioneered in Detroit are intended as a model for the entire country.

Sep 29 08:23

Crony Capitalism: The Power Politics of Capitalist Expansion

Anything goes, for the demonization of Putin, even as now when the charge, surrounding himself with Oligarchs, is really looking in the mirror at America’s own image. I do not have to or want to apologize for insider-plutocratic dealings in shaping the post-Soviet Russian economy. Frankly the Jeffrey Sachs dystopian vision of tearing socialism to shreds is more than unfortunate; its operational acceptance in Russia is a betrayal of a Socialist World that, after Stalin’s death, could have advanced the democratization of vast stretches of the international political economy and put a large bite on America’s economic power and performance. Instead, the reverse seems to be happening.

Sep 29 08:08

Bank CEOs are the New Drug Lords

Bank CEOs are the New Drug Lords. Here is a list of some of the banks managed by Bank CEOs, aka the new Drug Lords, that were fined billions of dollars for fixing LIBOR rates and stealing money from clients: Lloyds Bank, RP Martin, Barclays, Deutsche Bank, Royal Bank of Scotland, Société Générale, JP Morgan, Citigroup, Barclays, United Bank of Switzerland and Rabobank. Here is a list of some of the banks in which the Bank Lords fixed FX rates and are currently negotiating fine amounts with the UK Financial Conduct Authority (FCA): Citigroup, HSBC, Royal Bank of Scotland, Barclays, JP Morgan and United Bank of Switzerland. HSBC had to pay nearly $2B in fines after its Bank CEO was allegedly caught overseeing the laundering of $7B in drug money for the notoriously violent and ruthless Sinaloa drug cartel and committing a wide array of other crimes like laundering $290MM from Russian mobsters that told HSBC bankers that their vast profits came from a “used car business”.

Sep 29 07:36

The US Has No Banking Regulation, And It Doesn’t Want Any

It is, let’s say, exceedingly peculiar to begin with that a government – in this case the American one, but that’s just one example -, in name of its people tasks a private institution with regulating not just any sector of its economy, but the richest and most politically powerful sector in the nation. Which also happens to be at least one of the major forces behind its latest, and ongoing, economical crisis.

That there is a very transparent, plain for everyone to see, over-sized revolving door between the regulator and the corporations in the sector only makes the government’s choice for the Fed as regulator even more peculiar. Or, as it turns out, more logical. But it is still preposterous: regulating the financial sector is a mere illusion kept alive through lip service. Put differently: the American government doesn’t regulate the banks. They effectively regulate themselves. Which inevitably means there is no regulation.

Sep 29 07:30

Now taxman can grab £17k straight from your salary: HMRC denounced for setting 'a new high in state intrusion'

The taxman has been accused of trying to become ‘all-powerful’ after vastly increasing the amount that can be taken from salaries.

HM Revenue & Customs will be able to take up to £17,000 from pay packets – compared to the current limit of £3,000.

From April tax codes will be altered for those believed to have underpaid income tax, capital gains tax or National Insurance contributions.

The latest power grab follows outrage over proposals by the Treasury to raid bank accounts for unpaid taxes without gaining permission from the courts.

Such measures have been called ‘draconian and regressive’ by industry bodies, while others have accused HMRC of acting as ‘judge, jury and executioner’.

Sep 29 07:17

Vaclav Klaus: the West’s lies about Russia are monstrous

Whatever we decide to call the current system, he adds, it clearly isn’t working for Europe. ‘I am really shocked to see leading EU and European politicians pretending that everything is OK, which is ridiculous and funny,’ Klaus says. ‘I recently read an article by a well-known German economist, Professor Sinn, who has studied the situation in Italy. He presented statistical data which showed that GDP in Italy has declined by 9 per cent since 2000. It’s unimaginable! I don’t think communist Czechoslovakia would have survived such a long-term decline. At the same time, industrial output declined in the same period by 25 per cent! One quarter of the economy simply disappeared.’

Sep 29 07:00

Ukraine to become military state by 2020 — Ukrainian official

Ukraine should become the so-called “military state” by 2020, a deputy head of the country’s presidential administration said on Monday.

“We proceed from the principle that Ukraine should become a military state,” Dmytro Shymkiv said during the discussion of reforms under the Strategy 2020 program.

The Strategy 2020 program, unveiled last week by President Petro Poroshenko, envisages an increase in the country’s military spending from 1% of gross domestic product (GDP) in 2014 to 5% of GDP in 2020.

“The number of servicemen in Ukraine will be increased from 2.8 to 7 people per 1,000 citizens,” Shymkiv said.

Sep 29 06:45

Penalty for Opting Out of the Affordable Care Act Is Large ($12,240) and Growing

If you're opting out of the health-care coverage required by the Affordable Care Act, make sure you understand how much you'll owe Uncle Sam as a result.

For a family of five, the penalty could be as high as $12,240 for the 2014 tax year, experts say. And for many people, the penalty will rise sharply in 2015 and 2016.

Sep 29 06:37

Smoking Gun Evidence That The New York Fed Serves The Interests Of Goldman Sachs

For years, many people have suspected that the New York Fed is more or less controlled by the “too big to fail” banks. Well, now we have smoking gun evidence that this is indeed the case.

Sep 29 06:29

US Global Power in the 21st Century: Military or Economic Imperialism?

Despite vast amounts of imperial data to the contrary, the great majority of writers on imperialism continue to describe and analyze US imperialism strictly in economic terms, as an expansion of “capital accumulation”, “accumulation on a world scale”.

In fact the major and minor US imperial wars have more to do with “capital dis-accumulation”, in the sense that trillion dollar flows have gone out from the US, hundreds of billions of dollars in profits from resource sites have been undermined, markets for exports have been severely weakened and exploitable productive labor has been uprooted. At the same time US imperialist state ‘dis-accumulates capital’, multi-national corporations, especially in the extractive sector are expanding, “accumulating capital” throughout Latin America.

Sep 29 05:11

The AngloZionist Empire is at War with Russia

Listening to Poroshenko a few days ago and then to Obama at the UNGA can leave no doubt whatsoever about the fact that the AngloZionist Empire is at war with Russia. Yet many believe that the Russian response to this reality is inadequate.Likewise, there is a steady stream of accusations made against Putin about Russia’s policy towards the crisis in the Ukraine.What I propose to do here is to offer a few basic reminders about Putin, his obligations and his options. First and foremost, Putin was never elected to be the world’s policeman or savior, he was only elected to be president of Russia. Seems obvious, but yet many seem to assume that somehow Putin is morally obliged to do something to protect Syria, Novorussia or any other part of our harassed world. This is not so. Yes, Russia is the de facto leader of the BRICS and SCO countries, and Russia accepts that fact, but Putin has the moral and legal obligation to care for his own people first.

Sep 29 04:50

Blatant Disconnect In Silver Exposed

Sep 28 12:22

Ron Paul: Everything US does now in Middle East will increase violence'

Abby Martin speaks with former Congressman and three-time presidential candidate Ron Paul, discussing his views on the ramifications of expanding the war against ISIS into Syria, how US foreign policy has exacerbated the growth of Islamic extremism, the hypocritical partnership

Sep 28 10:44

How the European Central Bank, European Commission and IMF threatened to bankrupt Ireland

The threat was made at a high-level teleconference meeting, details of which have been revealed for the first time by the Central Bank governor, Dr Patrick Honohan.

Sep 28 09:15

If Things Are So Good, Where’s My Raise?

Sep 28 07:55

Ukrainian Squillionare Victor Pinchuk and His Clinton, Brookings, and Peterson Connections

What do Hillary, Bill and Chelsea Clinton, Anders Aslund, Steven Pifer, the Peterson Institute for International Economics, and the Brookings Institution have in common? Answer: they drink unpasteurised milk from the Ukraine. Lots of it.

Sep 28 07:45

Couple says eviction notice served at wrong property

Even on the eviction notice the address was listed as the house next door.

"I just can't imagine sending someone out and not identifying with specificity what you’re supposed to take custody of and what is none of your business," said Arthur Weatherly.

The Weatherlys said they also noticed that someone also had taken some of their valuables inside, including heirloom silverware.

Webmaster's Commentary: 

"Shaddap, already. Sooner or later we're going to own it all, anyway. What difference does it make just when it happens!" -- Gold in my Sacks

Sep 28 07:25

You Won’t Believe How Much Money Michelle Obama’s Ridiculous School Lunch Program Wastes On A Daily Basis

According to a WCPO report, Michelle Obama’s new school program is costing American taxpayers $4 million. And that’s not over the course of an entire year. That is how much it is costing American taxpayers on a daily basis. That’s right; $4 million each day.

A whopping 81 percent of schools have seen an increase in the number of lunches that now end up in the trash. The report also “shows that 60 percent of fresh vegetables and 40 percent of fresh fruit are being thrown away.”

Webmaster's Commentary: 

Would you be comfortable with your doctor's spouse operating on you? How about riding in a passenger jet where the controls were in the hands of the pilot's significant other?

Being the first lady does not mean Michelle is competent at anything (other than her ability to seduce and marry Obama). And just as you do not allow a doctor's spouse or a pilot's fiancee to take over their duties, nor should the first lady be accorded any authority over our lives merely because of who she married.

Sep 28 05:39

Kalashnikov: Russia sells gun factory to businessman, bypasses sanctions

The Russian-government owned Rostec Corporation has handed over majority shares of a small arms factory to a businessman to allegedly skirt sanctions and sell rifles in the U.S. and European countries, Reuters reported.

Billionaire Andrey Bokarev is not blacklisted by the U.S. and European governments, the newspaper reported.

Bokarev co-owns Transmashholding, Russia’s largest manufacturer of locomotives and rail equipment, and has acted as president of the company since 2008. Forbes estimates his worth at $1.4 billion.

He will buy 74.9 percent of Izhevsky Mekhanichesky Zavod shares of Rostec, the company said in a statement.

Sep 27 20:41

"Hope Is Not Good Policy" - Saxo Bank Warns The Entire World Is Headed For A Minsky Moment

‘Interest on debt grows without rain’ – Yiddish proverb

This proverb explains most of what goes on in policy circles these days. We are now watching Extend-and-Pretend, Episode VI: Promises for improvement amid ever growing debt levels.

In brief, we’re still working with the same dog-eared script we were introduced to all of five years ago, when markets had stabilised in the wake of the financial crisis: maintain sufficiently low interest rates to service the debt burden.

Sep 27 20:40

Iceland: Bankers convicted, unemployment down

Remember Iceland? During the high-flying early 2000s, its three main banks went berserk, paying high interest rates to international investors that accumulated deposits equal to more than 100% of the country’s gross domestic product (GDP) and making loans equal to 980% of GDP. When the collapse came, Iceland took a route not taken by Ireland, Spain, and other EU countries: Rather than bail out the banks, the government simply let them go bankrupt. The value of the krona fell by about half, the country was embroiled in disputes with the Netherlands and the United Kingdom over paying off Dutch and British depositors, and it had to take an International Monetary Fund (IMF) loan just to stay afloat.

Sep 27 16:55

Watch US inflation expectations

Sep 27 12:38

Follow the money, honey

Sep 27 10:49

Bill Black, former financial regulator, explains how to rob a bank (and get away with it)

Hint - you won't need a get-away car, ski-mask or a firearm.

William Black is an associate professor of economics and law at UMKC. He has held many prestigious positions, including executive director for Fraud Prevention. He recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae's former senior management. He is a criminologist and former financial regulator.

Sep 27 09:16

Primed for work but out of a job: 1 out of 4 Americans 25-54 not working and the continued expansion of those not in the labor force.

For most Americans, the best indicator of a healthy economy is having a job. With many Americans entering older age, the number of those not in the labor force is booming. It doesn’t appear to be on the radar of people that the reason the unemployment numbers look the way they do is because a massive number of Americans simply are not counted in the labor force. This ability to ignore a large portion of your population allows the numbers to appear better than they are. But this is for the entire US population. If we look at those 25-54 we find that 1 out of 4 is without a job. This is the prime working years for many Americans. The Great Recession has been a challenge for many working families. The lack of good paying work, weaker benefits, and inflation has dug deep into the pockets of many Americans. When 1 out of 4 Americans in their prime working years is out of work, something else has to give.

Sep 27 08:57

“Slimlandia,” The Land of Mexican Oligarchs

Despite being Mexico’s second richest man and owning one of the world’s largest mining groups, German Larrea is an enigma. Until this month the only photo that existed of the media-shy recluse was a blurry black and white image.

Sep 27 08:43

How 'Fair Labor' Laws Are Destroying a Family Vineyard and Your Right to Volunteer

Did you know that it's illegal for you to volunteer at a friend's business to learn new skills?

Eric Blair
Activist Post

Another unprecedented 'government is taking your rights and renting them back to you' event is upon us. And this one has tentacles that dive deep into the bowels of how the global elite are attempting to redefine rights as responsibilities to the state...

Sep 27 08:01

The Secret Goldman Sachs Tapes

The reporter, Jake Bernstein, has obtained 46 hours of tape recordings, made secretly by a Federal Reserve employee, of conversations within the Fed, and between the Fed and Goldman Sachs. The Ray Rice video for the financial sector has arrived.

Sep 27 07:54

Mysterious private police force destroying legal pot

The headlines are growing alarming, with CBS reporting “Mysterious Men Dropping from Helicopters to Chop Down NorCal Marijuana Grows” and Time reporting “Californians Turn to Private Security to Police Pot Country.”

As CBS reports, citing witness accounts: “These mystery men are clothed in combat camouflage, outfitted for what appears to be battle – armed with the likes of knives, machetes and saws.”

Who are they and what are they doing?

Shockingly enough, they’re on an environmental cleanup mission.

According to CBS and Time, they’re privately contracted law-enforcement agents with Logistical Environmental Asset Remediation, or Lear Asset Management, who simply drop onto people’s properties without a warrant and start chopping down marijuana plants that are being legally grown in California for medicinal reasons

Sep 27 07:52

Forced dependency: Blue Cross Blue Shield drops HMO plans in 11 counties

DURHAM -- Blue Cross and Blue Shield of North Carolina will drop its Blue Medicare HMO standard and Blue Medicare HMO Enhanced plan products in 11 North Carolina counties in 2015, affecting 50,000 beneficiaries statewide.

The counties include: Alamance, Davidson, Forsyth, Iredell, Rowan, Stokes, Surry, Wake, Wilkes and Yadkin, which makes up about one-third of BCBSNC's Medicare Advantage population, said Michelle Douglas, public relations manager for BCBSNC.

Under HMO plans, beneficiaries generally must get care from within the plan's network as opposed to PPO plans, which contracts with a network of preferred providers to which the beneficiary can choose.

Mary Snider, a BCBSNC customer who lives in Davidson County, said she received a letter this week that said her Blue Medicare HMO enhanced coverage would no longer be available.

Sep 27 07:22

The Death of King Dollar - Documentary

Sep 27 07:11

Social Security Seizing Tax Refunds To Pay Off Debts From Dead Relatives

Social Security Seizing Tax Refunds To Pay Off Debts From Dead Relatives

Sep 27 05:36

First Time Offenders Of 'Cashless Toll Roads' Receiving Penalty Fee Waivers in Calif.

Drivers accused of running cashless toll roads without paying in Orange County are being offered waivers for the penalty fees, with certain conditions attached. An astonishing 13,500 violation notices are being issued every day in Orange County alone, since the system went cashless. The taxpayers have already paid for most of these roads yet are being charged for them again, and fleeced in the process with outrageous and punitive fees. If drivers receive a toll-road violation notice in the mail they can opt to pay the toll fee itself (which is usually around $3.50) and the $57.50 penalty fee is currently being waived for first time offenders if they pay the toll fee itself within 30 days from the date of the 'Notice of Toll Evasion.' The Toll Roads claims that this information about the penalty relief "is inserted into first-time violation notices" but that is not true, and their FAQ page mentions nothing whatsoever about the waivers.

Sep 27 00:41

Chase Shuts Down Porn Star Accounts (But at Least It's Consensual When Porn Stars Screw People)

We're currently living through the era of political correctness on steroids. Regardless of one's personal beliefs, the basic notion of freedom is not and can not be based on everybody getting along with each other and agreeing all the time while we all hold hands and sing Kumbayah. Would the world be a better place if we did? That's another question for another time.

Chase Bank, or more officially, JPMorgan Chase Bank, N.A. which does business as "Chase" but is a subsidiary of the multinational banking corporation JPMorgan Chase, has been closing the accounts of hundreds of porn stars, a move called "de-risking."

Consumer protection advocate Mark Nestmann explains:

Sep 26 19:49

FEDGATE: Whistleblower’s Secret Tapes Threaten to Expose Federal Reserve

The NY Federal Reserve is supposed to monitor big banks. But when Carmen Segarra was hired, what she witnessed inside the Fed was so alarming that she got a tiny recorder and started secretly taping.

Sep 26 18:56

Gold: "Tarnished for Good"?

Sep 26 17:07

Is The US Targeting Oil Refineries To Stop ISIS or Assad?

Brandon Turbeville
Activist Post

Only a day after the United States launched airstrikes against alleged ISIS targets in Syria, the real reasons behind these specific targets are gradually becoming clearer. Yet, for anyone who actually thought that the U.S. airstrikes were something other than an attack on Bashar al-Assad’s government forces, the location and targets of the strikes may tell a different story if looked at closely...

Sep 26 16:53

The ‘New Normal’ of 1% Growth

During the so-called “Golden Age of Capitalism” (1940 to the late 1950s), the bottom 99 percent of the income distribution saw their incomes grow much faster than those of the top 1 percent, which reduced income inequality. This was followed by a long period (from the late 1950s to the early 1980s) of roughly balanced growth, which meant that income inequality remained approximately constant. Since then, the incomes of the top 1 percent have, with occasional recessionary intermissions, grown much more rapidly than those of everyone else.

Sep 26 15:30

How Much Control Does Goldman Sachs Have Over the Federal Reserve?

Barely a year removed from the devastation of the 2008 financial crisis, the president of the Federal Reserve Bank of New York faced a crossroads. Congress had set its sights on reform. The biggest banks in the nation had shown that their failure could threaten the entire financial system. Lawmakers wanted new safeguards.

The Federal Reserve, and, by dint of its location off Wall Street, the New York Fed, was the logical choice to head the effort. Except it had failed miserably in catching the meltdown.

Sep 26 15:26

Devolution: How Decentralized Power, Not Democracy, Will Shape the 21st Century

Devolution—meaning the decentralization of power—is the geopolitical equivalent of the second law of thermodynamics: inexorable, universal entropy. Today’s nationalism and tribalism across Europe, Africa, and the Middle East represent the continued push for either greater autonomy within states or total independence from what some view as legacy colonial structures. Whether these movements are for devolution, federalism, or secession, they all to varying degrees advocate the same thing: greater self-rule.

Sep 26 15:22

Inflection Point In History

Sep 26 14:53

Terrorism Financed by HSBC and JP Morgan

Sep 26 14:52

City Officials, Developers Recommend “Coffin Apartments” For Middle Class

More American cities are following New York City’s lead in developing “micro apartments” as small as 220 square feet, allowing city officials to gain more tax revenue and control at the expense of their residents’ mental health.

Sep 26 12:47

6 Restaurants Struggling With High Food Prices

We’re taking a look at six chains that are all facing a different set of challenges, yet all are having problems dealing with the rise in the cost of food. Some are able to pass the increases off to their customers, while others are not. Strategies for getting these companies back on track vary wildly, but the fact remains that they will all need to figure out a way to adapt going forward. Here are six restaurant chains struggling mightily with rising food prices.

Webmaster's Commentary: 

Being customers of some of these chains I have observed that one way they are dealing with the rising cost of food is smaller portions, an excess of cheap garnishments, and a LOT of low-cost fillers! In some cases I can almost taste the sawdust!

Sep 26 11:56

Apple shares lose £12bn as iPhone 6 is hit by new fault: Stock loses all gains it had made since launch of device last week

More than £12billion was wiped off the value of Apple yesterday after its latest iPhone was rendered unusable by a software update.

The 3.5 per cent drop in the share price meant the company’s stock lost all gains it had made since launching the iPhone 6 and iPhone 6 Plus last week.

Users of the brand new devices were cut off from telephone signal and data networks, meaning they could not make or receive calls and text messages or go on the internet away from wifi signal.

The update for the iOS 8.0.1 operating system also killed off the Touch ID function, a much-trumpeted feature that allows users to log on to their phone using their fingerprint.

Sep 26 11:47

Economic Snapshot

Sep 26 11:27

Public Pension Funds Face $2 Trillion Shortfall, Moodys Warns

"Despite the robust investment returns since 2004, annual growth in unfunded pension liabilities has outstripped these returns," Moody's warns in its latest report on the state of public pension systems. As Bloomberg reports, the 25 biggest systems by assets averaged a 7.45% return from 2004 to 2013, but liabilities tripled over the same period leaving them facing a $2 trillion shortfall as investment returns can’t keep up with ballooning obligations. The top 25 funds account for 40% of the entire US public pension system with Illinois, Kentucky, Connecticut, and Louisiana at the top of the 'most underfunded' list.

Webmaster's Commentary: 

The reasons the pensions are underfunded is because ion 2008, Wall Street's pet ratings agencies rated the mortgage-backed securities as Triple-A, which made it legal for pension funds to invest in them. Of course, the mortgage-backed securities turned out to be a gigantic fraud (for which no Wall Street executives were ever arrested) and that is why pensions are in trouble, only nobody has the courage to point the finger of blame where it belongs!

Sep 26 11:25

1 in 4 Americans 25-54 Not Working

A new chart from the minority side of the Senate Budget Committee shows a startling fact: Almost 1 in 4 Americans between the ages of 25-54 (or prime working years) are not working.

Webmaster's Commentary: 

"And simply by waving my magic statistical wand, PRESTO CHANGE-O, the unemployment rate magically shrinks to only 6%!" -- Official White Horse Souse

Sep 26 10:55

Dent: It’s too late for the Fed to react

Sep 26 09:59

Imagine banks that support prosperity for everyone - not just the rich.

The Public Banking Institute is an education, research, and action organization dedicated to fostering a new economy based on a network of publicly-owned banks that operate in the public interest. This is not a new or radical idea - there are abundant successful examples of public banking around the world - but currently only one in the US, where Wall Street has tried to erase the idea from our collective memories for over a century.

Sep 26 09:56

Tapes showing meek oversight of Goldman are about to rock Wall Street

Wall Street is about to be rocked by secretly recorded audio tapes that purport to show a too-cozy relationship between the New York Federal Reserve Bank and the financial institutions it is supposed to regulate.

The 45 hours of tapes, made by Carmen Segarra, a former NY Fed worker, capture former co-workers, whose job was to keep banks like Goldman Sachs in line, instead deferring to the banks, being unwilling to take action and being extremely passive, according to NPR’s “This American Life,” which obtained the tapes and is scheduled to air a program about the matter Friday night.

Webmaster's Commentary: 

A privately-owned central bank was given the task of regulating Wall Street, who are their best customers? Oh yes, that makes sense!

Sep 26 09:26

Russia’s Gold Reserves Continue To SOAR

Latest official gold reserve data from the International Monetary Fund (IMF) shows that Russia again added to its gold reserves in August, with the Central bank of the Russian Federation purchasing 232,510 ozs (7.23 tonnes) and bringing its total gold reserves to 35.769 million ozs or 1,112.5 tonnes.

Webmaster's Commentary: 

The more Russia (or anyone else) buys gold, the harder it is for the Federal Reserve to replace the gold they "borrowed" from other parties!

Sep 26 09:20

Currency Wars ! Russia, Kazakhstan Buy Very Large 30 Tons Of Gold In August

Russia and ex Soviet States Kazakhstan, Kyrgyz Republic and Azerbaijan continued to accumulate significant gold reserves in August in a trend that we highlighted last month.

Sep 26 09:19

Standard & Poor’s Warns on Germany as Anti-Euro Political Party Soars in Popularity

German parliamentary elections are coming up on Sept. 22, and Chancellor Angela Merkel has a problem on her hands. A euro-skeptical political party known as AfD is rising in the polls and could deny her Christian Democratic Union and its coalition partners the majority they need to continue governing.

AfD, or Alternative for Germany, currently holds no seats in the Bundestag, and until recently it barely registered in public-opinion polls. But a survey released on Sept. 4 by the Forsa polling group showed it with 4 per cent support—just shy of the 5 per cent needed to win Bundestag representation.Peter Matuschek, Forsa’s chief political analyst, says the poll may have underestimated the party’s strength. Many supporters, he told Spiegel, “are too embarrassed to admit that they are planning to vote for the AfD,” which wants Greece, Spain, and other crisis-hit countries to leave the euro zone, and possibly break up the existing monetary union itself.

Webmaster's Commentary: 

No problem. I'll bet the bastards who rigged Scotland's referendum to keep it slaved to the Bank of England are already headed to Berlin to repeat the favor for the ECB!

Sep 26 08:34

JIM ROGERS WARNS: PREPARE , WE ARE ON THE BRINK OF A VERY SERIOUS COLLAPSE THAT WILL END WITH CURRENCY TURMOIL, FOOD SHORTAGES, PANIC, SOCIAL UNREST AND A TOTAL SHAKEDOWN OF AVERAGE CITIZENS.

It’s pretty scary what’s going on in Europe…when they start taking money out of people’s bank accounts. I, for one, am making sure I don’t have too much money in any single bank account anywhere in the world.
Now there is a precedent…The IMF has said loot the bank accounts. The EU has said loot the bank accounts.
So you can be sure that other countries, when the problems come, are going to say… let’s do it too.

Sep 26 08:25

Survey: Three Out Of Four Americans Feel Like Recession Continues

Americans have a bleak view of the economy and their own financial situations, according to a new study from the Public Religion Research Institute.

While the Great Recession officially ended in June 2009, only 21 percent of Americans believe it's really over, while 72 percent believe it continues.

Webmaster's Commentary: 

Let's check that!

Sep 26 08:25

Do you believe the recession is over?

YES
2% (14 votes)
NO
98% (798 votes)
Total votes: 812
Sep 26 08:19

Century of Enslavement: The History of The Federal Reserve

Webmaster's Commentary: 

This is a full-length feature film documentary. Bookmark and save for when you have an hour and a half to watch it!

Sep 26 08:02

Final Q2 GDP Surges 4.6% Thanks To Profit Definition Change; Personal Consumption Weaker Than Expected

OOH what a surprise! The government changed the definitions and had an "unexpected beat"

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