ECONOMY

Jul 24 10:34

Government Confiscation of Dormant Assets

Ted Bauman
Activist Post

I had no idea — until I read about a similar system in Australia — that all 50 U.S. states now have laws on the books that allow them to seize “dormant” assets from their owners. These assets range from uncashed dividend checks to safe deposit boxes to actual bank accounts. Banks and other businesses are required to turn that property over to the states for “safekeeping.”

The problem is that states return less than a quarter of this supposedly “unclaimed” property to its rightful owners. One of the most egregious is California. California law used to say assets were unclaimed if the owner had no contact with the business for 15 years. But during various state budget crises, the waiting period was reduced to seven years, then five, then three. Legislators even tried for one year.

Jul 24 10:24

C’mon Alan! Bubbles Are Caused By Central Bankers, Not “Human Nature”

Alan Greenspan just cannot give up the ghost. During his baleful 18-year reign, the Fed was turned into a serial bubble machine—and thereby became a clear and present danger to honest free market capitalism and an enemy of the 99% who do not benefit from the Wall Street casino and the vast inflation of financial assets which it has enabled. His legacy is a toxically financialized economy that has extracted huge windfall rents from main street, and left it burdened with overwhelming debts and sharply reduced capacity for gains in real living standards and breadwinner jobs.

Jul 24 09:20

The Coming Calamity, The Coming Resistance

Devon Douglas-Bowers
Activist Post

Currently, the world is facing a number of problems, politically, socially and economically. While we may be paying attention to important stories such as the Islamic State’s movements in Iraq and the ongoing fighting in the Gaza Strip which are extremely important, there are dealings being made behind our backs of which we know virtually nothing about. There are major international trade deals in the works and the government seems to be getting prepared for the fallout...

Jul 24 08:54

UK student loans system near collapse

Inaccurate debt forecasting and a failure to collect student loans threaten the financial collapse of the UK’s student loans system; claim a group of MPs in a damning report.

The Business, Innovation and Skills Committee called for an urgent review of the system, saying the Chancellor’s removal of the cap on student numbers may result in a multi-billion pound budget gap.

Under the current student loan system for students residing in England, the Government loses around 45p on every £1 it loans out. Yet the Committee found the Department of Business, Innovation and Skills (BIS) frequently miscalculates these figures, resulting in a £111m loss in 2011-12.

Jul 24 08:50

ANOTHER US COMPANY TO CLOSE 100 STORES

Jul 24 08:50

Russian Sanctions Backfire

Obama’s State Department bears a heavy responsibility for promoting a civil war in Ukraine. Using sanctions to push Russia into accelerating a BRICS economic block will have far more adverse effects than can be envisioned by the lunatic proponents of "selective" Free Trade. The moneychanger’s financial system is imploding and their rescue plan requires a massive global crisis to bail out their "To Big to Fail" model. Mutually productive commerce will be among the first causalities of the prelude to World War III. Soon clamors for sanctions against American companies will begin, as the blame game diverts the real cause of this fabricated debacle.

Jul 24 08:09

US funds Iron Dome as states go broke

An American political commentator criticizes US politicians for including millions of taxpayer money in an emergency funding bill for the Israeli military which has been relentlessly pounding the Gaza Strip with missiles, bombs and artillery shelling.

“Barbara Mikulski (Chairwoman of the Senate Appropriations Committee) wants to send $225 million more in President Obama’s proposal to build up the Iron Dome missile defense as US states go broke and Americans have their cost of living going higher,” said James Morris in an interview with Press TV Wednesday.

“It’s just outrageous,” he added.

Jul 24 08:05

$200 per barrel oil if Russia sanctions escalate- Oxford Economics

If the standoff with Russia and the West reaches a point where the EU has to completely cut trade with Russia, oil prices could soar above $200 per barrel, sparking a global economic crisis, says Adam Slater, senior economist at Oxford Economics.

Cutting off trade with Russia, the world’s second largest oil exporter, would create a shortage in global energy supplies, which would have spillover effects into Europe, Slater told the Guardian.

"In such a scenario, world oil prices could soar above $200 per barrel and gas prices would also rise steeply,” Slater told the Guardian.

Jul 24 08:03

US growth shakiest since Great Recession - IMF

Jul 24 08:01

Multi-billion pound govt IT contract 'out of control' – report

A £10.4 billion government IT contract has spiralled “out of control,” with private contractors reaping more than £1 billion in profits at the behest of British taxpayers.

In a highly critical report, the National Audit Office (NAO) said that the Aspire contract, designed to streamline government IT services, went drastically over budget after civil servants commissioned more work than expected.

The contract – led by services conglomerate Capgemini, along with IT firms such as Fujitsu – has now cost the government double the amount it originally expected, jumping from £4.1 billion (US$6.9 billion) to £10.4 billion ($17.7 billion) since it began in 2004.

Jul 24 07:18

IRA Contributions Hit Record High As Unpatriotic Americans "Save More, Pay Off Debt, Spend Less"

In what could be the most unpatriotic report ever, Fidelity reports that average IRA contributions for tax year 2013 reached $4,150 - an all-time high. That's great news, right? Not if you ask Janet Yellen as Fidelity notes younger investors, those in their 20s, 30s and 40s, are adopting the strongest savings behaviors as Americans are "saving more, paying off debt, and spending less." This is not acceptable in the new normal, don't they know debt is the bridge between hard work and play?

Jul 24 07:15

Russian oligarchs shift assets out of London as sanctions loom

Allies of Vladimir Putin are understood to be moving assets after British demands to punish the Russian president’s 'cronies' in the wake of the Malaysia Airlines disaster in Ukraine

Jul 23 18:52

Subprime Auto Loans Up 130% Since 2008

Jul 23 15:49

It’s not the technology that causes “technological unemployment”

Discussions of technological change in the media are generally coupled with discussions of technological unemployment and the increasing polarization of wealth. A good example is a piece by Eduardo Porter in the New York Times (“Tech Leaps, Job Losses and Rising Inequality,” April 15)

Jul 23 15:12

AIPAC Is the Only Explanation for America's Morally Bankrupt Israel Policy

The official name for Israel's latest assault on Gaza is "Operation Protective Edge." A better name would be "Operation Déjà Vu." As it has on several prior occasions, Israel is using weapons provided by U.S. taxpayers to bombard the captive and impoverished Palestinians in Gaza, where the death toll now exceeds 500. As usual, the U.S. government is siding with Israel, even though most American leaders understand Israel instigated the latest round of violence, is not acting with restraint, and that its actions make Washington look callous and hypocritical in the eyes of most of the world.

Jul 23 15:00

The Rise of the Bankster Landlord

It's time to put an end to the financialization insanity that's hurting average people, destroying the American dream, and turning our economy into one big giant casino.

Jul 23 14:40

‘Businesses Are Hiring at Historic Rates’ – Delusional Biden

Obama and Biden’s upbeat economic outlook stands in contrast to the views of voters. According to Gallup, 56% of Americans believe the economy is getting worse, versus just 39% who say it is improving.

Jul 23 14:30

Money Market Account Freeze Passed by SEC


Breaking- SEC lays regulatory law to freeze Money market withdrawals during time of financial stress.

Jul 23 14:16

Happy Markets in an Unhappy World

Jul 23 13:47

This Time Is Not Different: Why The Market Is Heading For A Fall

The 2008 Wall Street meltdown is long forgotten, having been washed away by a tsunami of central bank liquidity. Indeed, the S&P closed yesterday at 1,983—or up by nearly 200% from its March 2009 low. Yet four cardinal measures of Main Street economic health convey nothing like a 2X pick-up from the post-crisis bottom.

Jul 23 13:30

It Can Happen Here: The Confiscation Scheme Planned for US and UK Depositors

Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few eurozone troika officials scrambling to salvage their balance sheets. A joint paper by the U.S. Federal Deposit Insurance Corporation (FDIC) and the Bank of England dated December 10, 2012, shows that these plans have been long in the making; that they originated with the G20 Financial Stability Board in Basel, Switzerland (discussed earlier here); and that the result will be to deliver clear title to the banks of depositor funds. New Zealand has a similar directive, discussed earlier here.

Jul 23 13:01

Jim Willie-We Got a Monster Recession of -6% or -7% Right Now

Jul 23 12:55

Canadian Group Will Bring Water to Detroit Residents Who’ve Had Water Shut Off

In 2009 Detroit’s unemployment rate was reported at 50 percent and now draconian budget cuts and a nine percent rate increase have led to thousands of residents having their water shut off. A group in Canada hopes to assist Detroit residents who aren’t able to pay their delinquent water bill in full.

CBC News reports that Council of Canadians are planning to help the 3,000 Detroit residents per week who are having their water shut off.

Maude Barlow, chair of the Council of Canadians, calls the plan to shut off the water to Detroit residents appalling and says it’s common in failed states, but not developed countries.

Jul 23 11:21

ALL WARS ARE BANKERS' WARS! ORIGINAL TEXT ARTICLE

"Banking was conceived in iniquity and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of a pen they will create enough deposits to buy it back again. However, take it away from them, and all the fortunes like mine will disappear, and they ought to disappear, for this world would be a happier and better world to live in. But if you wish to remain slaves of the Bankers and pay for the cost of your own slavery, let them continue to create deposits." -- Sir Josiah Stamp, President of the Bank of England in the 1920s, the second richest man in Britain

Webmaster's Commentary: 

This is the original article for "All Wars Are Bankers' Wars" from which the broadcast and later the video were created. I am reposting it here for the new visitors from my GCN radio show and also for readers coming over the Daily Telegraph, where my comments on the article "The dollar's 70-year dominance is coming to an end"(link now repaired) have drawn some obvious shills insisting that wars have nothing to do with the banks, the US economy is just hunky dorey, and the US dollar has nothing to fear from the Ruble and Yuan.

Clearly the private central banmks are getting very nervous that the world is not only waking up to their financial scam, but recognizes that they, as masters of the medium of exchange, have made themselves masters of the world, and willingly send millions of young people to horrible death and disfigurement to increase their wealth and control.

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Jul 23 10:57

The real inflation rate on US dollars: $50 for some chicken?!

The result is a 93% decline in the value of the dollar since World War II.

What cost $1 back then now costs at least $14 now.

During the Baby Boom of the 1950s, the average house cost less than $16,000. The average car, $1,480. And the average American made all of $2,700.

You know what else cost less? World War II itself. The Defense Department spent roughly $350 billion fighting one of the bloodiest wars in history.

That’s pocket change compared to the more than $1.1 trillion spent on the comparatively small wars in Iraq and Afghanistan.

Yet the US government’s ability to dominate the world financial system by controlling the US dollar allowed it all.

Jul 23 10:15

The Federal Reserve Cartel: The Freemason BUS & the House of Rothschild

In 1789 Alexander Hamilton became the first Treasury Secretary of the United States. Hamilton was one of many Founding Fathers who were Freemasons. He had close relations with the Rothschild family which owns the Bank of England and leads the European Freemason movement. With Rothschild financing Alexander Hamilton founded two New York banks, including Bank of New York.

Jul 23 10:08

Documents Emerge in Senate Hearing from William Broeksmit, Deutsche Exec Alleged to Have Hanged Himself in January

Anshu Jain, Co-CEO of Deutsche Bank, was not having a good day yesterday. First the oath-taking, subpoena-issuing Senate Permanent Subcommittee on Investigations released a detailed email to him from William Broeksmit, the 58-year old former Deutsche risk executive alleged to have hanged himself in his London home on January 26. By the end of the day, someone had leaked to the Wall Street Journal a deeply critical letter of Deutsche Bank from the New York Fed which said that “The size and breadth of errors strongly suggest that the firm’s entire U.S. regulatory reporting structure requires wide-ranging remedial action.”

Jul 23 10:01

Mississippi Cuts $1.3 Billion from Schools, Gives $1.3 Billion to Nissan

Mississippi has proved to us all that austerity, or the political ideology of “government living within its means,” is a farce. All austerity means is taking money away from public services, and giving it to private business. Mississippi Governor Phil Bryant and the GOP-led legislature illustrated that perfectly in two ways.

Jul 23 08:39

Market ‘Black Swan’ Fear At Record High

Jul 23 07:42

US Empire Reaches Breaking Point. “Greatest Threat to Humanity”. Time To End It

The people of the United States must work to end the interventionist violence of the U.S. Empire.

This is Part I of a two part series on American Empire. Part II will focus on the Empire Economy and [how] it is failing to work for most Americans as well as most people of the world.

The historian who chronicles US Empire, William Blum, issued his 130th Anti-Empire Report this week. In it he notes that the US, by far, is seen by the people of the world as “the greatest threat to peace in the world today” with 24% taking that view. Only 2% see Russia as such a threat, and 6% see China.

This should not come as a surprise since, as this map shows, much of the world has been bombed, had their democratically chosen government overthrown and has been occupied by the United States.

Jul 23 07:25

PAUL B. FARRELL: Great Crash Of 2016, Third $10 Trillion Loss This Century, Greenspan’s ‘Black Box’ Syndrome Now Handicaps Yellen

Sometime after the Great Crash of 2016, Fed Chairwoman Janet Yellen will be testifying before Congress, just like Alan Greenspan was forced to do in 2008. She will be explaining why America has already had three megacrashes in the 21st Century, each draining roughly $10 trillion, each a direct result of Federal Reserve policy failures. She will be forced to explain why the Great Crash of 2016 was a clone of the bank credit crash of 2008 and the 2000 excesses.

Jul 23 06:04

Jim Willie - When You Factor Inflation In Properly . . .We Got a Monster Recession of -6% or -7% Right Now

The so-called "recovery" the mainstream media has been harping on for years is a lie, according to the Editor of The Hat Trick Letter, Jim Willie. He proclaims, "I believe the U.S. has gone into a recession that it is not going to get out of until the dollar is gone. When you factor inflation in properly . . . we got a monster recession of -6% or -7% right now. I don't think it will get better until the dollar is disposed of. So, we're entering the final phase of the dollar."

Jul 22 19:10

5 Giant Un-American Corporations Trying to Bolt U.S. to Avoid Taxes

Corporations get enormous benefits that regular "persons" do not. One of the biggest is limited liability. This means that the shareholders are not liable for the debts of the corporation. A corporation can get in a lot of trouble, financial and otherwise, and then just close up shop, divide its assets to its creditors, and the shareholders can just walk away losing only the money they originally put in. While it might be a "person" to certain members of the Supreme Court, there is no person to be made to work off the debt or to put in jail.

Jul 22 18:16

Janet Yellen and Bubbles

Jul 22 17:52

Chinese Government Frets Out Loud About Property Bubble Taking Down the Economy

China’s economic miracle is addicted to credit, no matter what the source, that was plowed into the ground to build no matter what, houses, high-speed rail lines, forests of skyscrapers, massive industrial overcapacity, entire ghost cities….

Jul 22 17:12

Silver - Why Is It Attractive Right Now?

Jul 22 16:11

Millions of pensions to be hit by controversial changes slipped in by the Government just before its summer break

Millions of Britons have been warned their State pension payout will be hit by controversial changes sneaked out by the Government before ministers head off on holiday.

At present, anybody can decide to delay claiming their State pension - and get a bonus worth around 10 per cent a year on their unclaimed State pension.

More than 1.2million pensioners in Britain currently receive a higher State pension because they deferred it, typically for a few years although many delay for a decade.

But Steve Webb, the Pensions Minister, has revealed plans to slash this bonus in a move which will hit everybody who reaches State pension age on or after 6 April 2016.

Rather than a bonus worth 10.4 per cent a year of their unclaimed State pension, they will get a bonus worth only 5.8 per cent a year.

Jul 22 16:02

BEEF PRICE HITS NEW RECORD

The price of beef and bacon hit its all-time high in the United States in June, according to data released Tuesday by the Bureau of Labor Statistics (BLS).

Jul 22 14:13

End of the U.S. Dollar Regime | Jim Willie

Jul 22 12:52

NY Fed Slams Deutsche Bank (And Its €55 Trillion In Derivatives): Accuses It Of "Significant Operational Risk"

First it was French BNP that was punished with a $9 billion legal fee after France refused to cancel the Mistral warship shipment to Russia (which promptly led to French National Bank head Christian Noyer to warn that the days of the USD as a reserve currency are numbered), and now moments ago, none other than the 150x-levered NY Fed tapped Angela Merkel on the shoulder with a polite reminder to vote "Yes" on the next, "Level-3" round of Russia sanctions when it revealed, via the WSJ, that "Deutsche Bank's giant U.S. operations suffer from a litany of serious problems, including shoddy financial reporting, inadequate auditing and oversight and weak technology systems."

Webmaster's Commentary: 

This is the pot calling the kettle black, in light of Wall Street's $90 trillion derivatives exposure. Of course, this may just be trying to lay the blame for the coming crash in Europe's banks.

Jul 22 12:47

Banker Deaths Climb to 15, as Goldman Sachs Managing Director Found Dead

In other news, billionaire Jeremy Grantham, co-founder and chief investment strategist of a Boston-based firm with $117 billion in assets under management, says he is positive another horrific stock market crash is coming and will be "unlike any other" the modern world has seen...

Jul 22 12:42

The Malaysian Airlines MH17 Crash: Financial Warfare against Russia, Multibillion Dollar Bonanza for Wall Street

While the mainstream media casually accuses Moscow without evidence of having orchestrated the shoot down of Malaysian Airlines MH17 in liaison with the Donesk rebels, the backlash of the crisis on international financial markets and on Russia’s financial system has passed virtually unnoticed.

Moreover, the political threats and insinuations directed against the Russian Federation in the wake of the July 17 disaster, have been coupled with a renewed wave of economic sanctions directed against major Russian corporations and financial institutions.

Jul 22 11:51

BUSTED: Elites Admit 'War for Oil'

Watch the elites admit the real reasons for America's military adventurism... Straight from their own mouth.

Jul 22 11:47

The TRUTH about China’s Massive Gold Hoard

Jeff Clark, Senior Precious Metals Analyst
Casey Research

I don’t want to say that mainstream analysts are stupid when it comes to China’s gold habits, but I did look up how to say that word in Chinese…

One report claims, for example, that gold demand in China is down because the yuan has fallen and made the metal more expensive in the country. Sounds reasonable, and it has a grain of truth to it. But as you’ll see below, it completely misses the bigger picture, because it overlooks a major development with how the country now imports precious metals.

I’ve seen so many misleading headlines over the last couple months that I thought it time to correct some of the misconceptions. I’ll let you decide if mainstream North American analysts are stupid or not...

Jul 22 11:41

JON STEWART DISCOVERS IT’S NOT KOSHER TO CRITICISE ISRAEL IF YOU ARE JEWISH

Meanwhile, Israel is learning that war is not good for business ...

Jul 22 11:30

Obamacare hit by ruling, but subsidies to continue

President Barack Obama's health care law is enmeshed in another big legal battle after two federal appeals courts issued contradictory rulings on a key financing issue within hours of each other Tuesday.

A divided court panel in Washington called into question the subsidies that help millions of low- and middle-income people pay their premiums, saying financial aid can be paid only in states that have set up their own insurance markets, or exchanges.

About 100 miles to the south in Richmond, Virginia, another appeals court panel unanimously came to the opposite conclusion, ruling that the Internal Revenue Service correctly interpreted the will of Congress when it issued regulations allowing consumers in all 50 states to purchase subsidized coverage.

The White House immediately declared that policyholders will keep getting financial aid as the administration sorts out the legal implications.

Webmaster's Commentary: 

Jul 22 11:29

Bitcoin dismissed as a currency for terrorists and drug dealers

The “growing cryptocurrency ecosystem” is often described as “disruptive.” It is widely feared as a threat by banking authorities in the United States, Europe and Australia.

The New York Department of Financial Services, for instance, released a series of proposed regulations last week that may result in the shutdown of bitcoin in that state.

Jul 22 11:18

The Rise of the Chinese Yuan

The Chinese yuan growing stronger. The Swiss National Bank and China agreed on a currency-swap deal on Monday. Last year China signed several agreements with other countries for direct currency deals.

Jul 22 10:48

ALERT: Pull Your Money From Money Markets Now!

The elitist establishment hates money markets, they prefer you keep your money in their banks, Chase, Citi etc.

They are going to make it very dangerous, through their tool, the SEC, to keep money in money market accounts. First, as FT explains, they are going to drive money markets to only buy government securities, especially institutional money market funds. In other words, money market funds will all be about propping up the government debt structure:

Jul 22 10:45

NYC gives the green light to the building of apartments with a 'poor door' for tenants living in affordable housing

The City of New York approved a proposal by one of the largest real estate developers in the city to build in a 'poor door', or a separate door for residents living in affordable housing to enter their building.

According to a Saturday report from the New York Post, the city approved the application of Extell, one of the most prominent developers in New York, to install this separate set of doors into a high-rise located on 40 Riverside Boulevard, a location situated next to the Hudson River.

Extell's proposal allows them to force affordable housing tenants to walk through an entrance located in a back alley behind the building to enter, leaving the more prominent front entrance for tenants paying for nicer apartments.

Jul 22 10:38

Malaysia Airlines Flight MH17: Canada to strengthen sanctions on Russia

Canada is ready to level more sanctions against Russia in the wake of the downing of Malaysia Airlines Flight MH17 in Eastern Ukraine, Foreign Affairs Minister John Baird said Monday.

Baird, speaking to reporters by teleconference from London, said new sanctions will be introduced against individuals and entities, as well as entire sectors of the Russian economy. Baird told reporters the new sanctions will be similar to those already imposed by the U.S.

Webmaster's Commentary: 

Jul 22 09:21

Russia Adds 500,000 Ounces Of Gold Reserves In June 2014

Based on the latest update of the Russian central bank, it appears that Russia has added another 500,000 ounces of physical gold to their reserves.

Webmaster's Commentary: 

"INVADE! INVADE NOW! NOW, NOW, NOW!!! The FED needs that gold!" -- Official White Horse Souse.

Jul 22 09:19

Dirty Dealing Harry Reid

Rather than write an article on this, I thought I would just post an email I received this morning. Harry Reid is up to his usual tricks. You remember him. He's the one who owns land close to the public land that Cliven Bundy was running his cattle on. Reid, with his son working with the Chinese, was hoping to make a fortune over selling land to them. Our land, by the way. Federal property does not belong to these crooks in D.C. but to all Americans.

Now he's trying to ram through legislation that would allow for taxing activity on the Internet. This is only the camels nose in the tent. Once it starts, where does it stop? Let's fight to keep our Internet free. It seems that these politicians are desperate for more money. More taxation without representation.

Webmaster's Commentary: 

It isn't just the money. They can write the internet taxes in a way where large corporations survive by passing the tax along to their users while small independent media websites (like this one) are forced out of business.

Jul 22 09:12

BREAKING: Obamacare dealt massive setback by federal appeals court

Millions of Americans are not entitled to government health insurance subsidies under Obamacare because of the way the law is written, a divided three-judge panel of the D.C. Circuit Court of Appeals ruled Tuesday.

In a decision that could blow a massive hold in President Obama’s signature domestic achievement, the court held that people living in states that relied on the federal government to set up their insurance market exchanges cannot offer the subsidies considered critical to making coverage affordable.

The D.C. Circuit Court of Appeals ruled the administration used an IRS rule to stretch the meaning of the Affordable Care Act, which said financial aid to to low- and middle-income people should only flow to exchanges “established by the State.” If that means only state-run exchanges, it would cut off subsidies to two-thirds of the nation.

Webmaster's Commentary: 

Jul 22 08:40

EU to present extended Russian sanctions on Thursday – Ashton

Last week, before Malaysia flight MH17 crashed, Europe declined to follow the US move and expand sanctions.

Webmaster's Commentary: 

And there is a motive for the US to help Kiev shoot down flight 17 and lay the blame on Russia!

Jul 22 08:29

China’s debt soars to 250% of GDP

China's debt has soared to two and a half times its economy, Standard Chartered estimates, highlighting the difficulties Beijing faces in balancing growth with the risk of bubbles forming in its economy.

Total financial credit has surged to 251 percent of gross domestic product from 147 percent at the end of 2008, the bank said.

Jul 22 08:01

Wall Street Cut From Guest List for Jackson Hole Fed Meeting

As the Federal Reserve Bank of Kansas City prepares to host next month’s annual gathering of central bankers in Wyoming, seasoned Fed watchers from the financial markets, including the chief U.S. economists of the biggest American banks, aren’t being invited, according to past participants.

Webmaster's Commentary: 

That rates a 'Hmmmmmmm'!

Jul 22 07:49

Defense Report Sees Environmental Warfare, Corporate Armies and Robot Takeover

Daniel Taylor
Activist Post

In 2006, the United Kingdom’s Ministry of Defense published the DCDC Strategic Trends 2007-2036 report, outlining possible scenarios for technology, society and world politics. Among other issues, the 2006 report accurately envisioned a “revolutionary middle class” that would revolt against economic hardship and burdens of debt.

An updated version of the report was published on June 30, 2014. Titled "Global Strategic Trends out to 2045", the report outlines a future in which globalization limits countries “freedom of action”, alternative currencies challenge the establishment, environmental warfare and viruses delivered via insect-machine hybrids...

Jul 22 06:32

City Bans Coin Payments Over $2.00

Jul 22 06:13

The Rot Within, Part I: Our Ponzi Economy

Depending on blowing the next bubble to temporarily prop up the economy is the height of foolhardy shortsightedness.

Jul 21 21:22

Foundation of the US Empire: Axes of Evil

The US political leadership, beholden to unconditional supporters of Israel, has committed the most damaging policies in US history. First and foremost, these elite-educated policymakers have degraded the entire economic dimensions of empire by pursuing a relentless military agenda – destroying oil producers, raising world prices, sowing instability and by bleeding the US Treasury of trillions of dollars – with few returns.

Jul 21 19:56

Silver Opium – The Eastern Revenge

When I began to explore the opium wars, which began in the early 1700?s and came into full view in the early 1800?s, Britain, France and the United States, had taken full aim at China in the name of “free trade”. Things haven’t changed all that much since the West looked East to find a flow of wealth they could not control.

The Chinese had a lock on trade in the early 1700?s by having products that people wanted to purchase, silk, tea and porcelain in particular. The Chinese were not that interested in what the East had to offer. At the time silver was not only money, but it was the currency of the day. People used silver like we use worthless paper dollars/debit cards today.

Jul 21 16:17

Subprime Auto Loans Up 130% Since 2008

Jul 21 14:48

Billionaire Warns: Yellen Collapse ‘Will Be Unlike Any Other’

Another horrific stock market crash is coming, and the next bust will be “unlike any other” we have seen. -- That’s the message from Jeremy Grantham, co-founder and chief investment strategist of GMO, a Boston-based firm with $117 billion in assets under management.

Jul 21 14:31

Russian Institute for Strategic Studies: NATO Is Attempting to “Revolutionize The Current World Order”

Daniel Taylor
Activist Post

The tense situation between Ukraine and the United States is outlined in a paper released earlier this month by the Russian Institute for Strategic Studies (RISS). A week prior to the downing of Malaysian flight 17, the institute warned that the West “refuses to adhere to the principles and norms of international law and the rules and spirit of the existing system of international relations.”

Much like the United States Army War College Strategic Studies Institute, RISS provides “…information support to the Administration of the President of the Russian Federation, the Federation Council, the State Duma and the Security Council as well as to Government offices, ministries and departments”.

Jul 21 13:52

Shit to hit fan! — Large empty department stores, Wal-Mart’s being converted into FEMA camps now!

As you may know, I recently reported that the Department of Defense along with the Federal Emergency Management Agency has plans to house illegal migrants in unused airport hangars and is currently housing them in camps on various military installations across the country.

Jul 21 13:06

Alan Krueger: Europe at Risk of Bank Runs

Jul 21 12:39

Enough Is Enough: Fraud-Ridden Banks Are Not L.A.’s Only Option

“Epic in scale, unprecedented in world history.” That is how William K. Black, professor of law and economics and former bank fraud investigator, describes the frauds in which JPMorgan Chase (JPM) has now been implicated. They involve more than a dozen felonies, including bid-rigging on municipal bond debt; colluding to rig interest rates on hundreds of trillions of dollars in mortgages, derivatives and other contracts; exposing investors to excessive risk; failing to disclose known risks, including those in the Bernie Madoff scandal; and engaging in multiple forms of mortgage fraud.

So why, asks Chicago Alderwoman Leslie Hairston, are we still doing business with them? She plans to introduce a city council ordinance deleting JPM from the city’s list of designated municipal depositories.

Jul 21 11:01

Goldman Managing Director Found Dead In Apparent Kite Surfing Accident

Police are still investigating the tragic death of 39-year-old Goldman Sachs Managing Director Nicholas Valtz this weekend. As Bloomberg reports, Valtz, a "novice kiteboarder," was found dead yesterday by family members who went searching for him after he didn’t return from a kiteboarding outing. While there is no accusation of suicide in this case, it sadly brings the number of young financial services executives deaths to 16 this year.

Webmaster's Commentary: 

Good start.

Jul 21 10:58

JibJab - Big Box Mart

Jul 21 10:09

When the Government talks of Sanctions

Sanctions only serve the Government, not the People.

When a foreign country, such as Russia, Iran or Cuba, is at the receiving end of sanctions, only the people suffer. Americans suffer because they can’t export as much so they loose money. And the people in those foreign countries also suffer because they cannot receive the benefits of American-made products to make their lives better. In either case both governments benefit. How?

The US government enlarges its reach of power much like a two-bit mafia don: “Do what I say or else. Capisce?” It does not suffer because it produces nothing and its long arm is in every American pocket via the IRS and other tax authorities.

The foreign government is also happy because it too is a two-bit mafia don with its hands on every lever of the economy. When its people cannot progress they’re at its mercy: “Do what I say or no bread. Capisce?”

Jul 21 10:02

Homelessness now a crime in US cities: Report

It is now harder than ever to be homeless in America. Increasingly, laws that criminalize homelessness are cropping up in cities throughout the country, while simultaneously, a national shortage of shelter beds and housing options is roiling the system.

Jul 21 09:39

JIM WILLIE BOMBSHELL: IT HAS BEGUN- GERMANY TO BREAK FROM US/UK, JOIN RUSSIA/CHINA ALLIANCE! . . . remember where you first heard this — yesterday, actually :)

The Germans have had enough, fed up with destructive US activities of all kinds. For the last few months, they have been laying out their indictment, their justification, their reasons to abandon the corrupt US-UK crowd. The bank wreckage, the market rigging, the endless wars, the sanctions which backfire, the sham monetary policy, the economic sabotage, the spying, the gold gimmicks, it has finally reached a critical level.

Germany has begun to move East in full view. Only the deaf dumb and blind cannot notice, and they will probably never notice. They are fodder.
The awaited signals seen by the Jackass have finally arrived.

Berlin is outraged by clear USGovt spying, and in process of conducting a Gold audit among their population. Germany is building motives to split from the Euro Monetary Union (common Euro currency) by forging stronger open ties with Russia & China. The justification is becoming plainly laid out, in four perceived indictment charges.

Jul 21 09:15

It takes teamwork — Help make a difference

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Jul 21 08:49

Obama Aid Ravages Third World Farmers

President Obama proclaimed two years ago: “As the wealthiest nation on Earth, I believe the United States has a moral obligation to lead the fight against hunger.” Obama loves to preen about the U.S. government’s purported generosity to the world’s downtrodden. However, like previous presidents, he has largely ignored how U.S. aid programs clobber recipients.

Jul 21 08:35

All Wars Are Bankers' Wars

Webmaster's Commentary: 

This video is now over a half million views! The original article the video was made from is HERE.

As a side note, I tried to post the YouTube URL for this video to Facebook in reply to a question, only to find out that Facebook is blocking this URL for "objectionable content."

If anyone you know is wondering why the US Government seems hell-bent on creating more wars in Syria, Iraq, Iran, etc. send them this video.

Jul 21 08:10

The Insiders’ Case for a Stock Market Mini-Crash

Let’s try a thought experiment: suppose we’re players in the stock market, Wall Street insiders with real leverage and connections to the Fed. You know, the kind of player who can reverse a decline in the S&P 500 with an order (executed through a proxy) for thousands of call options on the SPX.

Retail participants tend to forget we make money on both the long and short side.The small-fry who provide liquidity always assume a sharp decline in equities is a terrible thing because “everybody is losing their gains,” and this general belief is pushed by the mainstream financial media: unfailingly chirpy news anchors’ expressions and voices darken when reporting the rare drop in stocks: horrible, horrible, horrible, a drop means we all lose, I’m sad reporting this.

Jul 21 08:09

Russian Steel Giant Severstal Is Selling Its US Plants For $2.3 Billion

Russia's steel giant Severstal announced on Monday the sale of its North American plants to US companies for a total of $2.3 billion (1.7 billion euros).

Severstal is selling Severstal Columbus (Mississippi) to Steel Dynamics and Severstal Dearborn (Michigan) to AK Steel Corporation, the company said.

AK Steel said separately that its acquisition was worth $700 million.

Jul 21 07:17

Economic WARFARE Begins! BRICS War Against U.S. – 21 July 2014

Jul 21 06:38

U.S. Showing It’s Prepared To Go To War With Russia And China

“The Obama administration announces that it’s going to spend billions of dollars, that it doesn’t have by the way for unemployment insurance and job creation or anything else, but they are going to spend billions of dollars — tens of billions of dollars — to upgrade the stealth bombers that are used really, or only intended to be used, against the very advanced countries”.

Webmaster's Commentary: 

Okay, Obama, if you really feel that way...

Here's your rifle, and here's your parachute. We ran out of the camo so here is a bright day-glo orange jump suit left over from Abu Ghraib. Watch your head climbing into that transport plane, and we will call Putin and tell him you are on your way to kick his butt all by yourself. But We The People know you are lying to us about Malaysian Airlines flight 17, just as you lied about Assad gassing his own people right in front of the UN chemical weapons inspectors, just like your predecessor lied about Saddam having nuclear weapons, just like previous Presidents have lied about torpedoes in the Gulf of Tonkin, Pearl Harbor being a surprise, the Lusitania not carrying military cargo, a Spanish mine in Hava harbor, etc. etc. etc. always with the intention of tricking this nation into wars of conquest.

And We The People are sick of it.

Our children are worth more than some stack of bank notes cowering in fear at the Ruble and the Yuan. If maintaining the US dollar as the global currency is that important to the bankers then put those owners of the federal Reserve into uniform and send them out to be killed and crippled.

We The People know how the war-scam works, and we will not be fooled by you liars in the Oval Office any longer. Fight your own damned war.

Jul 21 06:24

Happy Birthday Paper Money: 353 Years Of Wanton Destruction

On July 16, 1661, the bank of Johan Wittmacher - a Latvian merchant of Dutch descent - became the first in history to issue paper banknotes - Kreditivsedlar. After only seven years, the bank collapsed. But the idea of paper notes lived on to infect the evolution of money ever since. Today’s commercial banks take in customer deposits, maintain a laughably small portion in reserve, and use the rest of our money to make idiotic loans for their maximum benefit. When they fail, they’re bailed out by taxpayers and do the same thing all over again. In Wittmacher’s time, this was fraud. Today it’s not only legal, it’s the industry standard. So... happy birthday paper money. It’s a hell of a system you’ve brought us.

Jul 21 06:21

First Detroit, Now Flint Warns Bankruptcy "Train Is Headed For The Cliff"

Flint may be Michigan’s second city to plunge into bankruptcy unless retirees accept cuts in health benefits that threaten to unravel a balanced budget. As Crain's Detroit reports, Emergency Manager Darnell Earley (Flint’s third emergency leader since it was placed under state control in 2011) warned "If we have no ability to mitigate the cost of retiree health care, that’s going to make it very difficult for the city to remain financially stable over the next few years." As Eric Scorsone notes, "Flint's at the forefront, but a lot of cities are on the same train, and that train is headed for the cliff."

Jul 21 04:29

New York proposes licence for Bitcoin trading

New York State has become one of the first jurisdictions in the world to propose explicit licenses for companies wanting to carry out business in bitcoin.

The proposal, known as the "BitLicence" would require businesses to keep records of the identities and real-world addresses of their customers, to actively keep an eye out for illegal activity, and to always have in its possession the amount of bitcoin that is owed to its customers.

For some members of the bitcoin community, the proposals are what they've been waiting for, the first step in turning the currency from an unregulated wild-west into a mature, respectable area of commerce.

Jul 20 17:30

MEXICO & GUATEMALA ANNOUNCE AGREEMENT TO MAKE ILLEGAL PASSAGE TO U.S. EASIER

Earlier this week, Mexican President Enrique Peña Nieto and Guatemalan president Otto Perez Molina held a joint press conference to formally announce a new program that will allow Guatemalan citizens to legally travel through Mexico in their effort to enter the United States illegally.

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