ECONOMY

Nov 22 14:17

Do Lower Gas Prices Really Boost Consumption?

Nov 22 13:04

Pat Buchanan on the Rogue President

snip: That this action will be as much a part of Obama’s legacy as Obamacare is certain. The unanswered question is how the Obama amnesty will be remembered by history. His aides think that it will be seen as a second Emancipation Proclamation. Perhaps.

But with this amnesty Obama takes custody of and responsibility for the entire illegal population. He is the patron saint of illegal aliens. And for what they do, he will be held accountable, as was Jimmy Carter for the Marielitos Castro sent and Carter welcomed.

If the amnestied illegals contribute to the drug trade and violent crime, that will be Obama’s legacy to his country. If they turn up disproportionately on the welfare rolls, exploding state and federal deficits, that will be Obama’s legacy.

If this amnesty is followed by a new invasion across the border America cannot control, that, too, will be Obama’s gift to his countrymen.

Nov 22 12:22

"Gold Is Money And Nothing Else" - JP Morgan's Full December 1912 Testimony To Congress

In December 1912, no lessor man than J.P.Morgan testified to Congress to "justify Wall Street," during investigations over alleged manipulation and collusion. The transcript reads like it could have been given yesterday (as nothing ever changes) but at its heart the banker laid out 33 "Morgan Epigrams" which appear - in the ensuing 102 years - have been lost to greed and arrogance... The irony is wondrous: "Securities do not always prove good", "Money is gold, and nothing else", "I think manipulation is always bad."

Nov 22 08:51

Dutch Central Bank secretly brought 120 tonnes of gold back to Amsterdam from New York

The Dutch central bank has secretly brought a large part of the national gold reserves being held in a secure depot in New York back to Amsterdam. In total, 120 tonnes of gold valued at €4bn has been brought back to the Netherlands b

Nov 22 08:50

Greece at odds with EU/IMF lenders in 'tough' bailout review

Greece is locked in tough negotiations with its foreign lenders, with "nerves stretched" on both sides, the finance minister warned on Tuesday, raising the temperature as Athens tries to exit an unpopular bailout program.

Nov 22 08:37

Private Military Contractors Hired to Move Guns and Gold Out of Ferguson

Business owners in the St. Louis, Missouri area have hired private military contractors to transport guns and gold, fearing their shops will be targeted by looters if a grand jury does not indict Darren Wilson, the police officer who shot and killed Michael Brown in the St. Louis county suburb of Ferguson.

Nov 22 08:30

The Dutch do what the Germans couldn't: Get their gold back

The Dutch central bank has secretly brought a large chunk of the European nation's gold reserves held in New York back to Amsterdam.

Nov 22 08:15

Citigroup Said to Be Ousted From ECB FX Group for Rigging

The European Central Bank ejected Citigroup Inc. (C) from its foreign-exchange market liaison group after the U.S. bank was fined for rigging the ECB’s own currency benchmark, two people with knowledge of the move said. The ECB removed Citigroup from the panel, which advises the central bank on market trends, after regulators fined the lender $1 billion for rigging currency benchmarks

Nov 22 06:57

Are You Better Off This Thanksgiving Than You Were Last Thanksgiving?

Are you in better shape financially than you were last Thanksgiving? If so, you should consider yourself to be very fortunate because most Americans are not.

Nov 22 06:07

Target to judge: Banks’ losses in our card breach aren’t our problem

Target’s massive data breach, in which criminals were able to drop malware onto point-of-sale systems and compromise at least 40 million credit and debit cards, is now the subject of a federal lawsuit by banks who issued those cards. And Target is arguing in court today that those claims should be thrown out, Bloomberg reports—because the company claims it had no obligation to protect the banks from damages.

Nov 21 19:18

Stefan Molyneux Giving Up: 28% of Men and 40% of Women

so according to the government 92M Americans are lazy and therefore the millions of illegals are needed to take the plentiful jobs...

Nov 21 13:41

Is Water The New Enron? - Fake Crises, Fake Bills, And Fake Solutions

David Simon
Activist Post

"In places like Benton Harbor, Michigan and Detroit, there is something called the emergency manager, which essentially is a local dictator. He can depose the mayor and offer decrees and answer to no one except the governor. In these two cities and others, because they are lacking tax revenue (because of lack of industry) they are jacking up the water rates as much as 40%. ... One of the people who was leading the charge against this stuff was recently convicted in a kangaroo court in Benton Harbor and is now facing 20 years in prison. He is Reverend Pinkney." - Brandon Turbeville

"Little bitty Benton Harbor was the testing ground. It was the testing ground to see what they can get away with. ...It's comin' to your city next, whether you like it or not.
- Rev. Edward Pinkney

Nov 21 13:32

Wall Street is Taking Over America’s Pension Plans

Coverage of the midterm elections has, understandably, focused on the shift in political power from Democrats toward Republicans. But behind the scenes, another major story has been playing out. Wall Street spent upwards of $300M to influence the election results. And a key part of its agenda has been a plan to move more and more of the $3 trillion dollars in unguarded government pension funds into privately managed, high-fee investments — a shift that may well constitute the biggest financial story of our generation that you’ve never heard of.

Nov 21 13:01

Icahn comment from 11/18/2013

Nov 21 10:35

Blow for George Osborne as government borrowing RISES sending the country's debt pile to £1.5 TRILLION

George Osborne suffered a major setback in his pledge to balance the books today - after official figures showed borrowing had gone up over the past year.

Borrowing spiked by £3.7billion – or 6.1 per cent – in the 12 months to October compared to the year before. It means Mr Osborne is well off the Government’s target to cut the deficit by 12 per cent this year.

Britain's mounting debt pile has now hit £1.5 trillion - up £150 billion in just a year.

Nov 21 10:31

Dutch Central Bank Secretly Repatriates 130 Tonnes of Gold From the US!

The Netherlands has repatriated about 130 tonnes of their gold reserves, according to a press release published by the central bank.

The gold was repatriated from the vaults of the Federal Reserve in New York back to the vault of ‘De Nederlandsche Bank’ in Amsterdam.

This operation took several months and was done in complete secrecy.

Nov 21 10:30

Here We Go: Yen Goes Parabolic, Begins to Hyperinflate

The yen is down 1% today vs. the $. This is a huge move in one day for any currency. The yen has lost well more than half of its value vs. the dollar since the beginning of 2012. In other words, the yen is now collapsing.

If the yen goes “super-nova” – i.e. collapses - it could bring down the U.S. The U.S. QE/Keynesian Ponzi scheme relies on Japan to help keep the scheme together. The yen is beginning to hyperinflate and it is now entering “parabolic” mode. First, this will cause the Japanese banks to implode because they’re loaded up with Japanese stocks and bonds, the way our banks are loaded with Treasuries. The banking system would not survive a yen collapse.

If the Japanese banking system collapses, it will translate into massive derivative losses and short term funding losses in the U.S. banking and hedge funds. In other words, U.S. banks have massive credit exposure risk to Japanese banks.

Nov 21 10:12

Why Bankers Will Always Stay Out of Jail

Abby Martin speaks with Rolling Stone journalist, Matt Taibbi, about a JP Morgan Chase whistleblower that has come forward to expose how the company knowingly sold toxic mortgages to investors and how the Justice Department used her as a pawn in its settlement negotiations with the financial giant.

Nov 21 08:30

Swiss Gold Initiative Leader Banned From Televised Debate

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

Nov 21 08:04

Banking breeds cheating for financial gain - Swiss researchers

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

Nov 21 08:02

Internet Reformation Sparks UK Parliamentary Money-Debate

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

Nov 21 07:45

Have Central Banks Entered an Undeclared War?

Nov 21 07:07

Obamacare enrollment erroneously inflated

(Bloomberg) — The Obama administration said it erroneously calculated the number of people with health coverage under the Affordable Care Act, incorrectly adding 380,000 dental subscribers to raise the total above 7 million. The accurate number with full health-care plans is 6.7 million as of Oct. 15, a spokesman for the U.S. Department of Health and Human Services confirmed yesterday, saying the U.S. won't include dental plans in future reports.

Nov 21 00:40

Obama Will Legalize More Workers Than Jobs Created

President Barack Obama’s unilateral amnesty will quickly add as many foreign workers to the nation’s legal labor force as the total number of new jobs created by his economy since 2009.

Nov 20 19:54

New York Fed, Goldman in Criminal Investigation for Sharing Confidential Information

A New York Times story manages to bury the lead, even given the salacious material, in an important story that provides more evidence of the overly-cozy relationship between the New York Fed and its favored large banks, particularly Goldman.

Nov 20 18:18

So what’s changed since the 1960s and '70s? Overtime pay, in part. Your parents got a lot of it, and you don’t. And it turns out that fair overtime standards are to the middle class what the minimum wage is to low-income workers

If you’re in the American middle class—or what’s left of it—here’s how you probably feel. You feel like you’re struggling harder than your parents did, working longer hours than ever before, and yet falling further and further behind. The reason you feel this way is because most of you are—falling further behind, that is. Adjusted for inflation, average salaries have actually dropped since the early 1970s, while hours for full-time workers have steadily climbed.

Nov 20 17:25

Dark Money Casts Shadow on Democracy

Activist Post

The week before the general election, UNM Political Science Associate Professor Mike Rocca presented a primer on campaign financing and a troubling change in the way political campaigns are being financed with dark money.

The 2014 general election may not be the most expensive election in U.S. history, even though experts expect it to total more than $4 billion in money raised and spent. But it may win for the amount of dark money that flowed through the races.

Dark money is money collected by 501(c) organizations...

Nov 20 16:14

Obama’s Plan for a Backdoor Internet Tax

It’s very possible, said FCC commissioner Mike O’Reilly at a conference sponsored by the Free State Foundation in Washington on Friday. The tax, which could total over $7 per month on the typical American’s broadband bill, would be imposed as a consequence of regulating the internet via “net neutrality” rules that President Obama has urged the FCC to adopt.

Nov 20 16:08

Bailed-Out German Megabank Imposes “Negative Interest Rates”

Commerzbank, Germany’s second-largest bank, a toppling marvel of ingenuity during the Financial Crisis that was bailed out by ever dutiful if unenthusiastic taxpayers, will now reward these very folks with what Germans have come to look forward to: the Wrath of Draghi.

Nov 20 15:21

MESSAGE FOR BEN

Nov 20 14:10

Pressures On US Economy Just Increased

Nov 20 13:19

Hasbro-DreamWorks Animation Merger Talks Fold

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

Nov 20 12:57

Saving the Titanic with a bailing bucket

You might feel like the economic problems of 2008 have passed, but at that time the US was experiencing only the tremors of a great and certainly forthcoming giant economic collapse. Since then, Americans have been told that all is under control, while living in an economic depression the likes of which have not been seen for over 70 years.

Nov 20 12:52

Obamacare = A Death Panel For The U.S. Economy

Did you know that some Americans are being hit with health insurance rate increases of more than 500 percent? Taking advantage of “the stupidity of the American voter”, the Democrats succeeded in ramming through one of the worst pieces of legislation that has ever come before Congress. The full implementation of Obamacare has been repeatedly delayed, but now we are finally starting to see the true horror of this terrible law.

Nov 20 12:28

Ma: Alibaba Facing Most Dangerous Moment

Nov 20 12:18

"Silver Money and Inflation" | Mark Thornton

Nov 20 11:59

Why Japan’s Money Printing Madness Matters

Nov 20 10:45

Paradigm Shift - When the Dollar Dies

Nov 20 09:11

Germany's Largest Engineering Company Hit Hard by Russia Woes (Siemens)

Germany-based Siemens, the largest engineering company in Europe, last week reported a sharp drop in turnover as well as personnel cuts for its Russian operations as economic stagnation, Western sanctions and currency turbulence take their toll

Nov 20 08:58

Four Horsemen of the Apocalypse or the New Dawn

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

Webmaster's Commentary: 
Nov 20 08:56

Left & moderate right unit – go figure the revolution is here?

Max Keiser and Stacy Herbert discuss precious metals manipulation in Switzerland and the costs of the never-ending banking fraud – from the ‘suffering and lifelong risks’ to children in Europe and beyond, to the rising cost of food hitting lower-income consumers. In the second half, Max interviews Alasdair Macleod about gold, China, QE and the economy.

Nov 20 08:12

Asian demand for crude to drive switch to renminbi

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

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

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

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

Webmaster's Commentary: 

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

Nov 20 08:11

These 7 Firms Paid Their CEO Over 60% More Than Uncle Sam

Seven of the 30 largest U.S. corporations paid more money to their chief executive officers last year than they paid in U.S. federal income taxes, according to a new study by Center for Effective Government and Institute for Policy Studies. As Reuters reports, the study said the seven companies, which in 2013 reported more than $74 billion in combined U.S. pre-tax profits, came out ahead on their taxes, gaining $1.9 billion more than they owed... and at the same time their CEOs were paid - on average - over $17 million each. While some of the firms dispute the findings, the study concludes its findings reflected "deep flaws in our corporate tax system."

Nov 20 07:53

U.S Economy Primed To Collapse

Nov 20 07:52

unsold cars

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

Nov 20 07:37

Obama Gives $3 Bil to U.N. Climate Fund Run by Communist, Terrorist Nations

President Obama has committed a mind-boggling $3 billion to a new United Nations Green Climate Fund run by officials from Communist nations, a country that appears on the State Department’s list of terrorism-sponsors and an Arab oil-industry chief.

Nov 20 07:37

Staples boost profits by shutting 170 stores

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

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

Webmaster's Commentary: 

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

Nov 20 07:34

Banking culture breeds dishonesty, scientific study finds

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

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

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

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

Webmaster's Commentary: 

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

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

Nov 20 07:33

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

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

Nov 20 07:20

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

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

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

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

Webmaster's Commentary: 

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

Nov 19 19:40

Obama Gives $3 Bil to U.N. Climate Fund Run by Communist, Terrorist Nations

As if it weren’t bad enough that our commander-in-chief is giving away money while the nation suffers through a colossal budget deficit, there are countless reasons why this is a lousy idea.

Nov 19 17:30

WORLDWIDE WAR FOR PHYSICAL — Andy Hoffman

Nov 19 16:44

Are bankers dishonest? Study claims the profession doesn't attract liars and cheats - but doing the job can promote deceitfulness

You may find it hard to believe - but bankers are honest at heart.

A study found that employees of a large international bank were fundamentally truthful.

However, thoughts about their job led to them starting to lie.

The Swiss researchers said that rather than dishonest people going into banking, it seems that the materialism of the industry - including the lure of lucrative bonuses - leads to people lying and cheating.

Nov 19 16:42

If “The Economy is Recovering” Why Is There a Surge in Homeless Children?

For the last three elections now, 2010, 2012 and 2015, corporate media and corporate politicians have ceaselessly assured us that “the economy” whatever that is, is “back on track”, wherever that is.

Despite what corporate media and politicians tell us, the positive indicators of soaring stock market valuations, rising real estate prices and the rigged unemployment figures that don't count the jailed, the recently released from jails and prisons, and those who've given up on finding work or those working part time who desperately want full time hours real life for most real people hasn't got any better since 2008 or 2009.

Nov 19 16:30

PM Fund Manager Calls Bullsh*t on ZH Explanation for Today’s Gold Smash

Zerohedge attributes the hit to the possibility that the Big Banks got ahold of the FOMC minutes early or the latest results from the Swiss gold referendum were leaked. I say bullshit to both.

The price of gold never rallied on the possibility that the Swiss referendum would pass. I have maintained all along that it will not pass because, regardless of the actual popular vote, the U.S. will work with the Swiss authorities – who openly oppose the referendum – to make sure the vote fails.

Gold was smashed because the sector began to gather momentum over the past 3 trading days and that momentum had to be crushed.

Nov 19 16:20

STUDY: Banking culture breeds dishonesty

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

Nov 19 16:08

Rich hoard cash as their wealth reaches record high

The amount of individuals that hold more than $30 million in assets has climbed to a new record in 2014, according to a global survey on Wednesday, which also warned that a lack of diversification meant that this wealth is not protected from shocks to the financial system.

Nov 19 15:31

Taxpayers billed $358,490.90 for president to attend chef’s wedding

Judicial Watch announced today it has obtained records from the United States Air Force revealing the flight cost for President Obama’s Labor Day 2014 weekend trips for fundraising, personal business, and politicking came to a total of $1,539,402.10 in taxpayer-paid transportation expenses. The documents regarding the transportation expenses came in response to a Freedom of Information Act (FOIA) request filed on September 2, 2014.

Nov 19 14:57

The states that tax the poor the most

Nov 19 13:03

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

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

Nov 19 13:01

Senate Rejects Keystone XL Pipeline by One Vote

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

Nov 19 12:40

Homeless Man Records His Daily Life

Nov 19 12:13

Feds arrest 'Debt Collectors'

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

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

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

Nov 19 12:04

This Publicly-Owned Bank Is Outperforming Wall Street

The Wall Street Journal reports on the impressive record of the Bank of North Dakota

While 49 state treasuries were submerged in red ink after the 2008 financial crash, one state’s bank outperformed all others and actually launched an economy-shifting new industry. So reports the Wall Street Journal this week, discussing the Bank of North Dakota (BND) and its striking success in the midst of a national financial collapse led by the major banks. Chester Dawson begins his November 16th article:

Nov 19 11:36

G20 and BRICS Great Schism

Global trade relationships and agreements are moving in very different directions.

Nov 19 11:17

JetBlue shares climb after decision to squeeze passenger legs and wallets

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

Webmaster's Commentary: 

Nov 19 11:11

7 US corporations paid their CEOs more than the government in taxes

In 2013, seven of the 30 largest US corporations paid their chief executive officer more in compensation than they paid in US federal income taxes, according to a new study.

The seven companies came out ahead after taxes, accruing $1.9 billion more than they owed, according to the Institute for Policy Studies and the Center for Effective Government, the study’s co-authors. Combined, the seven last year reported more than $74 billion in US pre-tax profits.

The CEOs of all seven corporate giants were paid an average of $17.3 million last year.

Nov 19 09:47

Why Living in a Post-Bubble World Is No Fun

Nov 19 09:22

Japan Is Dying And We Still Don't Get It?!

What is it with us? Don’t we want to understand? Japan announced on Monday that its economy is in hopeless trouble and back in recession (as if it was ever out). And what do we see? ‘Experts’ and reporters clamoring for more stimulus. But if Japan has shown us anything over the past years, and you’re free to pick any number between 2 and 20 years, it’s that the QE-based kind of stimulus doesn’t work. Not for the real economy, that is.

Nov 19 09:00

UK Workers Got Pay Rise Of Just £1 Last Year

Official figures show the extent of the erosion in pay values as the UK economy sees employment rise at the expense of wages.

Nov 19 08:47

Gerald Celente: First Financial Calamity then War

So, which do we get first: a global economic crash or a global world war? Gerald Celente, Publisher of the Trends Journal (TrendsResearch.com) says, “I would say first would come the economic calamity, but you don’t know what will cause it. For example, when 9/11 happened, they closed down Wall Street. If there is a terrorist strike, either false flag or real, they will blame the economic conditions on these terrorists. . . . They will use it as an excuse. So, you don’t know whether it’s heads or tails, but the coin will be flipped.”

What will the economy look like to the man on the street when the economy finally takes a fall? Celente predicts, “It’s going to be inflation, but it’s going to be currency devaluation rather than commodity inflation.

Nov 19 08:43

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

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

Nov 19 08:20

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

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

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

Webmaster's Commentary: 

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

Nov 19 08:10

ALERT: Why Central Bankers Are Terrified

Nov 19 07:51

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

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

Nov 19 07:51

BREAKING: DOJ Moves to Disqualify All Defense Attorneys Who Know of Govt Misconduct

Shockingly heavy-handed move by the government revealed in a brand-new filing

Nov 19 07:31

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

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

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

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

Webmaster's Commentary: 

Nov 19 07:19

Aid agencies ‘exploiting Ebola orphans to fund lavish lifestyle in luxury $800-a-night hotels’

‘Western aid agencies are using the plight of Africa’s Ebola orphans to fund a lavish lifestyle in $800-a-night hotels and leaving the children to fend for themselves, according to Liberia’s development chief.

Nov 19 06:48

Japan's Real Warning to the World

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

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

Nov 19 06:20

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

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

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

Nov 19 06:11

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

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

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

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

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

Webmaster's Commentary: 

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

Nov 19 06:01

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

Jekyll Island - Premiers online Dec 4th.

Nov 18 18:50

Ventura: CEO Salaries Up 875% Since 1978

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA