ECONOMY

Jul 31 14:25

Peter Schiff talk GDP numbers and US growth

Jul 31 13:57

21 Ways To End The Phrase ‘Americans Are So Broke…’

Not humorous but definitely in the style of "you might be a redneck, if..."

Jul 31 10:05

Jim Willie – Unintended Consequences

Jul 31 09:53

MM38 - US GDP - UP???

Jul 31 09:48

Russia And India Begin Negotations To Use National Currencies In Settlements, Bypassing Dollar

That is about to change when yesterday the Russian central bank announced that having been increasingly shunned by the west, Russia discussed cooperation with Reserve Bank of India Executive Director Shrikant Padmanabhan. The punchline: India agreed to create a task group to work out a mechanism for using national currencies in settlements. And so another major bilateral arrangement is set up that completely bypasses the dollar.

Jul 31 09:40

Obama's Russian Sanctions take hold - Dow down 200 as stocks end July with a thud

Webmaster's Commentary: 

I have no doubt that the announcement of a 4% growth in GDP was intended to offset the downward pressures from the new sanctions, but with the US Government having lied (and then "revised") that GDP figure so many times, not to mention the obvious frauds in reporting unemployment and inflation, nobody believes that 4% claim.

Jul 31 09:35

Power Plant Bombed In Gaza Is Insured By U.S. Government

As lawmakers on Capitol Hill scrambled to approve increased military funding for Israel this week, a little-noted federal agency across town prepared to spend as much as $84 million to compensate an American company for losses sustained in the Israeli bombardment of a Gaza power plant.

Jul 31 09:33

HSBC To Close Bank Accounts Of Pro-Palestinian Man And His Family Without Telling Him Why

The family has also received similar letters about account closures for their business accounts.

Anas Altikriti, an outspoken pro-Palestinian commentator, told BuzzFeed that each member of his family (himself, his wife and his two children, one 12 and another 16) received an identical letter on the same day stating that their bank accounts would be closed.

The letter said: “After a review of your relationship with HSBC, we have taken the decision that we no longer wish to provide you banking facilities and are closing your accounts.”

Jul 31 09:17

Deadbeat Illinois Evicted From Facility: DMV Office Hasn't Paid Rent in 13 Months

For 13 months, the Secretary of States' office refused to pay rent on its Belvidere facility. Due to that non-payment, the Department of Motor Vehicles is being evicted.

Local radio station WIFR spoke with one of the building's landlords, Diana Toft. Toft and her husband own the building on Pearl Street and they say they’re not willing to sign a lease because of the terms offered in it. Toft says the state owes them 13 months of unpaid rent, saying the state hasn’t paid since June 29th, 2013.

Jul 31 09:13

HSBC terminates Gaza-linked Islamic charity’s bank account and others

HSBC has written to an array of UK Islamic charitable organizations to inform them their accounts with the bank will be terminated. One such organization has carried out relief work in crisis-stricken Gaza for over a decade.

In formal letters issued to a think tank, a charity and a North London mosque, HSBC claimed continued provision of its services would counter its “risk appetite".

Family members of a man who runs the think tank have also received similar letters from HSBC. But the multinational bank reportedly offered no explanation for its decision to withdraw its banking services in these cases.

Jul 31 09:11

EU sanctions some of Russia's biggest banks, including #1 Sberbank

The European Union has imposed sectorial sanctions on five Russian banks, including the country’s biggest, Sberbank, as part of economic steps that Europe, along with the US, have taken against Moscow over the crisis in Ukraine.

The list, published Thursday, includes Sberbank, VTB Bank, Gazprombank, Vnesheconombank (VEB) and Russian Agriculture Bank (Rosselkhozbank).

These financial entities will be banned from raising capital on the EU’s capital markets.

Webmaster's Commentary: 
Jul 31 08:57

Detroit Residents Appeal to United Nations to Save Their Access to Water

The City of Detroit is shutting off water taps for its residents. Yet, corporations are not forced to pay.

Webmaster's Commentary: 

I was hoping that with control of the water system returned to the Mayor, this crisis was over.

Jul 31 08:42

FLASHBACK - JFK Vs The Federal Reserve

It appears obvious that President Kennedy knew the Federal Reserve Notes being used as the purported legal currency were contrary to the Constitution of the United States of America.

"United States Notes" were issued as an interest-free and debt-free currency backed by silver reserves in the U.S. Treasury. We compared a "Federal Reserve Note" issued from the private central bank of the United States (the Federal Reserve Bank a/k/a Federal Reserve System), with a "United States Note" from the U.S. Treasury issued by President Kennedy's Executive Order. They almost look alike, except one says "Federal Reserve Note" on the top while the other says "United States Note". Also, the Federal Reserve Note has a green seal and serial number while the United States Note has a red seal and serial number.

Jul 31 08:25

John Rubino – 2007: Deja Vu All Over Again

Jul 31 08:09

Internationalists Are Pushing The World Towards Globally Engineered Economic Warfare

Brandon Smith
Activist Post

Over a year ago I published an essay entitled 'The Linchpin Lie: How Global Collapse Will Be Sold To The Masses'. This essay addressed efforts by the ever malicious Rand Corporation to create a false narrative surrounding the possibility of global collapse. Linchpin Theory, as it was named by it's originator and Rand Corp. employee, John Casti, is I believe the very future of propaganda.

Jul 31 07:14

ERIC SPROTT: “COMEX DATA IS CORRUPTED”

Jul 31 06:24

Central Bank Induced Substitution Of Debt for Income Is Not Success–It’s Failure on an Epic Scale

The Fed’s substitution of debt for income has only doomed the nation to a deeper, more painful realignment of real income and expenses.

The economic “recovery” has been based on a simple premise: debt can be substituted for income with no ill effects. As real household incomes have declined, the legitimate foundation of additional spending–more income–has eroded for the bottom 90%.

Jul 31 06:18

Argentina defaults as 11th hour talks with hedge funds collapse

Argentina has defaulted on its debt for the second time in 13 years after it failed to reach an agreement with creditors demanding full repayment of some of the nation's bonds on Wednesday.

A US judge had set a midnight deadline for Argentina and a group of hedge funds, which the country describes as "vulture funds" trying to make a profit by wrecking the country's economy, to broker a new deal and advert default.

Addressing the nation, Argentina's Economy Minister Axel Kicillof said investors demanding a full repayment of approximately $1.5 billion worth of Argentine bonds had rejected the government's latest offer and no agreement was reached. Argentina has repeatedly said it cannot afford to pay the full amount.

Jul 30 19:40

THE END OF BIG BOX STORES IS HERE

Jul 30 19:32

GREENSPAN WARNS OF ‘SIGNIFICANT CORRECTION’

Jul 30 19:18

10 Cities Running Out of Water

Jul 30 16:13

Americans Demand that President Obama Intervene in Detroit Water Crisis

Representatives John Conyers and Shelia Jackson Lee joined progressive leaders from Daily Kos, Democracy for America, Food & Water Watch, People's Water Board, RH Reality Check and Working Families Organization to deliver more than 150,000 petition signatures demanding that President Barack Obama and the Department of Health and Human Services intervene in the Detroit water crisis. Thousands of families have had their water service cut off by the Detroit Water and Sewerage Department, in violation of the internationally recognized human right to water.

Jul 30 16:03

9 Ways State Governors can Push Back Against Obama’s invasion and Federal Overreach.

Resistance is not only victory. It is contagious lighting the fires in people hearts against tyranny. Governors stop selling out and start standing up.

Jul 30 15:17

Argentina Defaults

All those equity and bond gains - which hit an all time high - today, gone.

Jul 30 14:18

Argentina placed into ‘default’ rating as debt deal deadline expires

Argentina’s credit rating was downgraded to “selective default” by Standard & Poor’s as the South American country missed Wednesday’s deadline for a grace period during ongoing negotiations with holdout debt holders.

Wednesday is the cutoff for Argentina to make good on a $539 million payment to bondholders, which was placed on hold by a US judge’s order tying that payment to ongoing litigation by vulture funds which refused the country’s original cents-on-the-dollar debt restructuring offer.

Analysts generally do not believe that a default by Argentina will have the same consequences as in 2001.

Jul 30 13:30

What Will Happen First, An Economic Collapse or Martial Law?

What will happen first? Will we fall under the specter of martial law and all that entails? Or, will we experience an economic collapse prior to martial law?

Jul 30 13:10

Poverty is at the root of west Africa’s ebola crisis

Dr Peter Piot, the scientist who discovered ebola hemorrhagic fever, recently returned to the remote villages of what was then Zaire, now the Democratic Republic of the Congo (DRC), where he did his research in 1976.

What horrifies me about his account is not the descriptions of the gruesome disease but that facilities have not improved in the intervening 37 years. There is no running water in Bumba, the nearest town to the village of Yambuku where ebola started. Electricity is supplied intermittently by generator. The state provides nothing so patients have to pay for all medicines – not that there are any in the crumbling public hospital.

How many hospitals have I visited in Africa where patients lie two or three to a bed, lackadaisical (often unpaid) nurses and doctors watching them suffer because there are no medicines let alone disinfectant and rubber gloves to stop infection from spreading?

Jul 30 12:46

Trading to Resume on Moscow Stock Exchange

Trading will begin again on the Moscow Stock Exchange at 5:50 p.m. after stopping abruptly on Wednesday afternoon, the stock exchange said in a statement.

Trading stopped at approximately 3:56 p.m. in Moscow, according to Interfax.

The stock exchange said in an earlier statement that the reasons for the interruption are being investigated.

Webmaster's Commentary: 

Hacking attack to try to shut them down?

Jul 30 12:07

Goldman Sachs Managing Director Nicholas Valtz Found Dead

Nicholas Valtz was born in Paris, earned letters as a fencer at Harvard University, loved fast cars and worked his way up to managing director at Goldman Sachs Group Inc. in New York.

At 39, married with two young children, he still found time for fresh adventures.

Jul 30 09:57

The Elite, the ‘Great Game’ and World War III

The control of the US, and of global politics, by the wealthiest families of the planet is exercised in a powerful, profound and clandestine manner. This control began in Europe and has a continuity that can be traced back to the time when the bankers discovered it was more profitable to give loans to governments than to needy individuals.

These banking families and their subservient beneficiaries have come to own most major businesses over the two centuries during which they have secretly and increasingly organised themselves as controllers of governments worldwide and as arbiters of war and peace.

Unless we understand this we will be unable to understand the real reasons for the two world wars and the impending Third World War, a war that is almost certain to begin as a consequence of the US attempt to seize and control Central Asia. The only way out is for the US to back off – something the people of the US and the world want, but the elite does not.

The US is a country controlled through the privately owned Federal Reserve, which in turn is controlled by the handful of banking families that established it by deception in the first place.

Jul 30 09:46

Ukraine’s economy contracts 4 times faster in Q2 losing 4.7%

Ukraine’s GDP in the second quarter of 2014 has declined 4.7 percent compared to the same period in 2013, the Ukrainian State Statistics Service said on Wednesday. The contraction was more than four times the 1.1 percent fall in the first quarter.

The gross domestic product of Ukraine has been falling every quarter since the beginning of 2012. Ukraine expects GDP to tumble by 6-6.5 percent this year according to Finance Minister Alexander Shlapak, who added the inflation rate will reach 19 percent in 2014.

Jul 30 09:41

"US Will Feel Tangible Losses," Russia Prepares To Unleash Retaliatory Trade Wars

"It's a troubling continuation/expansion of trade as a geopolitical tool," warns one Washington-based consulting firm as Russia prepares to unleash retaliatory actions to US and European sanctions. As Bloomberg reports, Russia said yesterday it may ban imports of chicken from the U.S. and fruit from Europe and is investigating McDonald's cheese for safety. In addition, a Russian lawmaker has drafted legislation that might result in U.S. accounting firms being barred from doing business in his country. All of this is odd given Jack "trust me" Lew's reassurance that Russian sanctions would have no impact on the US economy. Russia's response, US will feel 'tangible losses' from 'destructive, myopic' sanctions.

As Bloomberg reports, while Russia and the U.S. have long sparred over agricultural trade, the actions fueled speculation they could be retaliatory.

Webmaster's Commentary: 

Gee, ya THINK?!?!?!?

Jul 30 08:58

Care UK pay cuts made me homeless, says Doncaster striker

Care UK workers in Doncaster are fighting pay cuts so devastating that they have already made one woman worker homeless.

Mags Dalton has been a care worker for 26 years. But pay cuts of £400 a month mean she can’t afford her rent anymore—and will be forced to move out of the city altogether.

Mags told Socialist Worker, “I only moved into my house about a year ago. The move cost quite a lot—paying a bond, rent and hiring a van. Then Care UK took over our workplace in September, and by December they were cutting wages.

Jul 30 08:12

Ron Paul: The Only Thing Growing Is The Debt!

Jul 30 07:41

US Companies Take Advantage of American Perks, Go Abroad

"You shouldn't get to call yourself an American company only when you want a handout from the American taxpayers," President Obama said Thursday.
He was referring to American corporations now busily acquiring foreign companies in order to become non-American, thereby reducing their U.S. tax bill.

Jul 30 06:58

Japanese Industrial Production Collapses At Fastest Rate Since 2011 Tsunami

Simply put, while the progressives would dearly love it not to be true, Abenomics is an epic fail leaving Japan readying itself for yet another lost decade (if it makes it that far without Abe going full militarist).

Jul 30 06:45

Gold Could Go To Infinity - Ron Paul

Jul 30 06:41

Corporatism Stifles Innovation

For an economy to grow and create actual wealth, innovation is a bedrock component in the development of enhanced prosperity. Prosperity is an intriguing concept. Simply making and accumulating money falls short of establishing a successful economic model. This recent report illustrates a prime example. Facebook stock soars, as company briefly passes IBM in market value. "By most measures, Facebook is dwarfed by IBM: With about 7,000 employees, ten-year-old Facebook is on track to garner $12 billion in sales this year. The 103-year-old IBM has more than 400,000 workers and sold almost $100 billion of computer hardware and software in 2013."

Jul 30 06:19

21 Ways To End The Phrase ‘Americans Are So Broke…’

Did you know that 77 million Americans have unpaid debts that are “in collections” and that Congress is actually thinking about letting post offices offer payday loans? We live in a country where almost everyone is drowning in debt and where most people are either flat broke or very close to flat broke. Years ago, “your Mama is so broke” jokes were all the rage, and at the rate we are going they could make a big comeback. Some of my favorites were “your Mama is so broke she went to McDonald’s and put a milkshake on layaway” and “your Mama is so broke your family ate cereal with a fork to save milk”. Unfortunately, the facts that I am about to share with you are not funny at all. In fact, they are quite sobering. Yes, things are going fairly well for the elitists that live in the good areas of New York City, Washington D.C. and San Francisco right now, but most of the country is deeply struggling as our economic fundamentals continue to crumble.

Jul 30 06:10

Swedish banks walk tightrope with sanctions

News agency Reuters reports that the EU has agreed on a sanctions package against Russia, over its role in Ukraine, on Tuesday. The details of the sanctions package will be finalized and released on Wednesday. The sanctions target the finance, defence and energy sectors.

The sanctions are initially set to last one year but a review will take place after three months, to judge their effectiveness. The sanctions were decided to only target future contracts, leaving existing contracts intact, like France's delivery of helicopter carrier warships to Russia.

According to Reuters, one of the sanction with the most impact will ban Europeans from buying new bonds or shares issued by banks owned 50 percent or more by the Russian state.

Jul 30 05:58

Q2:2014 US GDP Nowcast: +3.2%

The US economy is expected to post a substantial rebound in the government’s initial estimate of second-quarter GDP that’s scheduled for release on Wednesday, according to the Capital Spectator’s median econometric nowcast. Following the surprisingly sharp 2.9% decline for Q1 GDP (real seasonally adjusted annual rate), the US Bureau of Economic Analysis (BEA) is projected to report a 3.2% increase for its “advance” Q2 data on July 30.

Webmaster's Commentary: 

And three months from now they will "adjust" that one back down to reality.

Jul 30 05:37

Top Financial Experts Say World War 3 Is Coming … Unless We Stop It

Nouriel Roubini, Kyle Bass, Hugo Salinas Price, Charles Nenner, James Dines, Jim Rogers, David Stockman, Marc Faber, Jim Rickards, Paul Craig Roberts, Martin Armstrong, Larry Edelson, Gerald Celente and Others Warn of Wider War

Jul 30 03:04

Another U.S. Business Is Nearing Extinction

Radio Shack is but a ghost of what it was up until the end of the 1980s. The chain of electronics stores used to be 'of the geeks, by the geeks, and for the geeks,' but the stores today are merely glorified cell phone kiosks. Entering those stores are mildly depressing for me these days, and when I do happen to venture into one, I pray that the employees will leave me alone and not ask me if they can help me . . . because I already know that they can't.

Jul 29 22:37

US wants WWIII because its big banks are insolvent

An American author and columnist says the United States wants to start a third world war because most of its big banks are insolvent.

Not only are the big banks insolvent, but the ponzi scheme that is the monetary system in most of the world is teetering on the brink of collapse.

Jul 29 20:45

Why the USA and England Had to Start World War Two

Why? Basically because their gangster overlords, the sleazy criminals that slither around the banks in Wall Street and the City of London financial district told them to get the war on.
The banksters were deathly afraid that Hitler's resuscitation of Germany's economy, which had been on life support and falling fast, but got turned around in a matter of years into what got called an economic miracle would start spreading to other nations, many of whom were being destroyed from within by the perverted banksters choke-hold on those nations.

Jul 29 18:40

City To Run Out Of Drinking Water In 100 Days

Jul 29 17:59

Another U.S. Business Is Nearing Extinction

Jul 29 17:40

THE COMING SILVER SHORTAGE

Jul 29 16:43

BIG BANK FAIL

Jul 29 16:17

Money as Debt: Who Benefits from the Current Monetary System?

People will work for decades to make the money they need to pay the bills and other necessities. Yet, fewer than 1 in 1000 people understand how this money actually gets into circulation and who benefits from our current system. Politicians and talking heads also do not understand this.

Jul 29 15:33

Stocks end lower ahead of economic data

The stock market fell modestly on Tuesday as investors waited for a batch of big economic reports later this week.

Jul 29 15:30

Website of James Perloff, today's radio show guest.

Thomas Jefferson said:

Nothing can now be believed which is seen in a newspaper. Truth itself becomes suspicious by being put into that polluted vehicle. The real extent of this state of misinformation is known only to those who are in situations to confront facts within their knowledge with the lies of the day. I really look with commiseration over the great body of my fellow citizens, who, reading newspapers, live and die in the belief that they have known something of what has been passing in the world.

(Letter to John Norvell, June 14, 1807)

Jul 29 15:27

Tech Companies Reel as NSA’s Spying Tarnishes Reputations

U.S. technology companies are in danger of losing more business to foreign competitors if the National Security Agency’s power to spy on customers isn’t curbed, researchers with the New America Foundation said in a report today.

Jul 29 15:18

Peddlers & Profiteers: Wall Street's Finest Pushing Tax-Dodging Mergers

Wall Street's largest investment banks are both peddling and profiting from the latest corporate craze known as "inversion mergers" in which large U.S.-based companies sell themselves off to foreign companies or subsidaries in order to further insulate themselves from paying taxes in their home country.

According to a story in the New York Times on Tuesday, banks like J.P Morgan, Goldman Sachs, Morgan Stanley, and Citigroup are closing in on gathering nearly $1 billion in fees alone—collected over the last three years—as they advise corporate clients on how to off-shore their ownership structure.

Jul 29 15:09

Wall Street likes Gold?

Jul 29 13:44

For a political struggle by Detroit workers against Orr’s bankruptcy plan

The Detroit Water and Sewerage Department is demanding a new labor agreement through 2018 that would strip DWSD workers of whatever job protection they still have and open the door for more outsourcing, mass layoffs and the privatization of the water department. Workers who remain on the job will have no rights and will work at the discretion of management.

Jul 29 13:33

35 percent in US facing debt collectors

More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute. -- These consumers fall behind on credit cards or hospital bills. Their mortgages, auto loans or student debt pile up, unpaid. Even past-due gym membership fees or cellphone contracts can end up with a collection agency, potentially hurting credit scores and job prospects

Jul 29 13:33

Obama: ‘Not a new Cold War,’ but new Russia sanctions announced

President Obama announced a new round of U.S. sanctions against Russian banks and a shipbuilding company Tuesday, saying Russia must pay an increasingly high price for its military aggression in Ukraine and the downing of a passenger jet.

The penalties follow tougher sanctions agreed to by European Union leaders earlier in the day.

“Today is a reminder that the United States means what it says,” Mr. Obama said in a statement on the South Lawn of the White House. “It didn’t have to come to this. There continues to be a better choice.”

Webmaster's Commentary: 

Jul 29 13:05

Detroit water department placed in mayor's hands

Control of Detroit’s massive municipal water department, which has been widely criticized by the United Nations and others for widespread service shutoffs to thousands of customers, has been returned to the mayor’s office.

Webmaster's Commentary: 

If he has any sense, the Major will leave the water running.

Jul 29 11:40

Corporations And Their Military Hirelings

The rise of Transnational corporations (TNCs) and the consequent strangulation of smaller businesses at their birth was predicted by Vladimir Lenin in 1916:

‘Private property based on the labour of the small proprietor, free competition, democracy, i.e., all the catchwords with which the capitalists and their press deceive the workers … are things of the past … This transformation of competition into monopoly is … the most important phenonema of modern capitalist economy … monopolistic alliances of entrepreneurs, cartels and trusts arise … when the number of competing enterprises is reduced to a couple of dozen or so’.

Jul 29 11:32

Folks Out There Have a “Distaste of Western Civilization and Cultural Values”

The Times then goes on to blame terrorism on “religious fanaticism…the anger among those left behind by globalization,” and the “distaste of Western civilization and cultural values” among the global dispossessed. The blinders and self-deception in such a statement are truly mind-boggling. As if corporate globalization, pushed by the U.S. government and its closest allies, with the help of the World Trade Organization, World Bank and IMF, had not unleashed a tremendous immiseration process on the Third World, with budget cuts and import devastation of artisans and small farmers. Many of these hundreds of millions of losers are quite aware of the role of the United States in this process. It is the U.S. public who by and large have been kept in the dark.

Webmaster's Commentary: 

Present company excepted, of course.

Jul 29 11:29

Worldwide Water Shortage by 2040?

New study concludes that water shortages may be a bigger problem than we thought.

Kevin Samson
Activist Post

Fresh water supplies are under assault on multiple fronts. We are seeing the continuing fallout from the droughts in the Western U.S. and Brazil - both are incredibly important areas to the global food supply.

At the same time, corporate hoarding of fresh water is on the rise. Nestle's former CEO clearly stated that water supplies should be privatized and that the right to fresh, clean water is not an essential human right.

Knowing that both the climate and corporate influence are converging to restrict and/or dramatically increase the cost of fresh water, two new reports reinforce that there isn't much time left to find solutions. In fact, for an increasing number of people, water might not be available at ANY cost...

Jul 29 11:26

85 super wealthy people have more money than the poorest 3.5 billion combined

The global economy is structured to systematically funnel wealth to the very top of the pyramid, and this centralization of global wealth is accelerating with each passing year. According to the United Nations, 85 super wealthy people have more money than the poorest 3.5 billion people on the planet combined.

Jul 29 11:13

Investment Bank Discovers the “Redistributive Effects” of QE

A new study found that the inflation-adjusted wealth of America’s median household – half of households are above and half are below – plunged 36% from 2003 to 2013. These years include the phenomenal stock and bond market rallies and price surges in other asset classes, propelled by the greatest credit bubble in history, ingeniously engineered by the Fed via QE and ZIRP.

Jul 29 10:22

NSA Spying Will Cost US Tech Titans Billions, and That's Just the Start

The National Security Agency spying scandal will cost the US technology and telecommunications industries billions of dollars in coming years if potential clients—including corporations and governments—take their business elsewhere following revelations of rampant US surveillance, according to a new study.

The financial cost to US corporate giants like IBM, Microsoft, Oracle, AT&T and Verizon is just the tip of the iceberg.

Jul 29 10:10

IMF warns of adverse effects of anti-Russia sanctions

The International Monetary Fund (IMF) has warned that the sanctions imposed on Russia over the ongoing crisis in Ukraine would have adverse effects on a global scale.

Speaking at a news conference on Wednesday, IMF spokesman William Murray said that the potential global impacts of the anti-Russia sanctions are “still under assessment, but clearly you would anticipate - through trade channels - that there would be an impact.”

Murray also emphasized that the sanctions are expected to affect the economies “that have very active and direct trade links with Russia, particularly in eastern and central Europe and central Asia.”

Webmaster's Commentary: 

Sanctions are most generally a prelude to war, and that is the scary part here.

And even more scary is the reality that the US government doesn't have the troop strength, the money, or the manufacturing to insure a positive outcome to a conventional war against Russia, meaning such a war may well go nuclear in a heartbeat.

Jul 29 09:58

Joe Bannister's Lawyer Warns Non-Filers: "You risk going to jail, be prepared to lose everything you have"

Video conversations with well-known tax honesty dissident Joe Bannister and his attorney Jeff Dickstein from 2008.

Q. If the average American were to watch Freedom to Fascism and they decide they don't want to file their income tax, what would you say to that? What would you recommend such a person do?

Dickstein: "I would say that you have to realize that the positions presented in the film are not accepted by the United States government; that if you don't file you risk going to jail, and you might even expect that, and also the amount of tax that you might otherwise end up owing will probably be quadrupled if not more. If you're young, you have a family, before you take that position you ought to make sure you have plenty of money set aside so you can take care of your wife and kids, and be prepared to lose everything you have and be broke for a really long time. Also don't forget to save a substantial amount of money to pay for your attorneys fees."

Jul 29 09:54

All Wars Are Bankers' Wars

Webmaster's Commentary: 

According to a reader email I received this morning, Facebook is still blocking attempt to link this video into Facebook posts, claiming that Facebook's security system has labeled YouTube a known security threat, even though no other YouTube videos are being blocked with that same message that I can find. So, if you want to post this video to Facebook, run the URL https://www.youtube.com/watch?v=5hfEBupAeo4 through tinyurl.com first to get past the filters.

Jul 29 08:51

11 PROFITABLE COMPANIES RAISING PRICES

Jul 29 08:35

Why America is Becoming a Renter Nation

Jul 29 07:55

Deadbeat Nation: A Shocking 77 Million Americans Face Debt Collectors

We have been warning for years that as a result of the Fed's disastrous policies, America's middle class is being disintegrated and US adults are surviving only thanks to insurmountable debtloads. But not even we had an appreciation of how serious the problem truly was. We now know, and it is a shocker: according to new research by the Urban Institute, about 77 million Americans have a debt in collections.

Jul 29 07:52

Here’s Another Way That Artists Get Screwed Out of Their Streaming Royalties…

The trick, according to the lawsuit, works like this:

(1) Sony Music agrees to pay 50% of all streaming revenues, for everything from online radio (i.e., Pandora) to on-demand (i.e., Spotify).

(2) Sony then mis-categorizes all streaming revenues as ‘distributions’ or ‘sales,’ which are typically used for one-off transactions like CDs, album download, and vinyl.

(3) Sony’s payment obligation is slashed by more than 70% (if they pay at all).

(4) The result is that all 19 artists, which include everyone from Kelly Clarkson to David Archuleta, receive a dramatically lower payout (if they’re paid at all).

Jul 29 06:12

Furor engulfs Chicago's red-light camera system

investigation that revealed unexplained spikes in tickets issued,

Jul 29 05:02

The Pentagon Overpays for Almost Everything—Even Prescription Drugs

A recent GAO report noted that cost estimates for operating and supporting the F-35 fleet are now more than $1 trillion,

Jul 28 21:45

IMF warns of adverse effects of anti-Russia sanctions

The International Monetary Fund (IMF) has warned that the sanctions imposed on Russia over the ongoing crisis in Ukraine would have adverse effects on a global scale.

Jul 28 19:32

The Beginning of an End of the Trans-Atlantic Alliance

The basic structural problem is that America is no longer a viable hegemon. It’s been visibly in geopolitical decline for quite some time now and American politicians and policy makers are utterly incapable of coping with this fact. Most of them can’t even accept it let alone handle it competently by minimising American losses. So they keep on flailing about trying do the impossible which is to restore the status quo ante and repair the irreparable. American hegemony or “leadership” to use the term American politicians and policy makers prefer is over.

Jul 28 18:43

And That’s a GOOD Thing??

The past year has seen a long list of “XYZ is at its highest level since XXX” announcements. Some notable examples:

NASDAQ tech stocks are back to 1999 levels

The number of initial public offereings, including companies with no earnings, is back to 1999 levels

Junk bond yields are even lower than in 2007

Junk bond issuance is higher than in 2007

Margin debt is back to 2007 levels

Corporate debt is rising faster than in 2007

Stock prices are higher than in 2007

Most recently, US mergers and acquisition activity is back to 2007 levels:

Jul 28 18:14

Spain Likely To Pass 'Google Tax'; Makes Paying For News Snippets An 'Inalienable Right' And A New Bureaucracy To Collect It

But the situation over in Spain just got even more ridiculous. Julio Alonso has the details, in which it appears that the lower house of the Spanish legislature has approved a very, very dangerous bill that creates a brand new inalienable right for news publishers to be paid for, via compulsory licenses, any "electronic news aggregation system," which is broadly defined as anyone who shares more than just anchor text with a link. A short summary? You'll have to pay up

Jul 28 15:44

G. Edward Griffin: Gold is money!

Jul 28 15:29

The Rise Of The Bankster Landlord

Jul 28 14:37

The Truth About the Fed’s Relationship With Bubbles -- The Fed wants bubbles

This fact is staring everyone in the face, though few people make it explicit. Back in the 1950s, the average American family had one working parent and was able to get by just fine. Today, most families have two working parents, sometimes working more than two jobs and they’re still not able to live a stable life.

Jul 28 14:21

There Will Be Hell to Pay if the Obama and the Bankers Keep Poking the Russian Bear.

John D. Rockefeller said” Competition is a sin” To the Banking oligarchs it seems like a sin because competing currencies means they will have to have an honest monetary system just to stay in business. They could not implode economies if there were other currencies people can use to keep commerce going. The B.R.I.C.S. alliance is a threat to the monopoly on the issuance of currency when the Russian Ruble looks more appealing than the Federal Reserve Note.

Jul 28 14:03

Gold Standard: Another Look

Jul 28 13:46

There Is No Inflation If You Don't Eat Dairy, Seafood, Fresh Fruit, Pork, Beef/Veal or Eggs....

But if you do, prices have soared since September 2013:

Jul 28 12:44

Paying for Israel’s wars

While the mounting human losses in the current battle between Hamas and Israel rightly preoccupy the world, the financial costs of Israel’s three-week long war with Gaza are also astonishing. According to one estimate, rockets from Gaza will potentially cost Israel about $30 million in direct damage (and at this point, three civilian lives lost), while the Israel Defense Forces’ (IDF) response will cost about $1 billion. Why do Israelis accept paying these financial costs of the war for a relatively small direct threat?

Jul 28 12:22

Understanding Inflation: CPI Versus PCE

Jul 28 11:25

America is buying disputed Iraqi Kurdish Crude Oil

Today a Marshall Islands-flagged tanker ‘United Kalavrvta’ carrying crude oil from Iraqi Kurdistan was anchored near the Port of Galveston, Texas, despite Washington’s long-standing concern over independent oil sales from the autonomous region. It would be at least the second time a U.S. company has taken delivery of oil that the Baghdad government says was smuggled from the country.

The semi-autonomous government in Kurdistan argues the exports are within its rights under Iraq’s federal constitution, but Prime Minister Nuri al-Maliki insists all Iraqi oil must be brokered by the state oil company.

The shipment is significant because it is one of the first from the new pipeline through Turkey, which Baghdad emphatically calls a smuggling operation. To make matters more tense with Baghdad, the Kurds siezed northern oil fields from ISIS control to keep them out of the hands of the Jihadist insurgents who control the northwest of the country.

Webmaster's Commentary: 

It is just a question of time before the government in Baghdad collapses completely, and Kurdistan's officials have been making statements about creating a completely independent country here.

Ultimately, like it or not, the US is going to have to deal with an independent Kurdistan, with oil to sell.

Jul 28 10:49

How Capitalism Is Cheating Young Americans

Our country's wealthy white once-idealistic baby boomer generation has cheated those of you entering the working world. A small percentage of us have taken almost all the new wealth since the recession. Our Silicon Valley CEOs have placated you with overpriced technological toys that are the result of decades of American productivity, but which have mainly profited the elite members of their industries.

Although none of us in the older generations can speak for you, we can help you research the facts. And the facts are painfully clear.

Jul 28 10:41

Fed’s Fisher: Rates Too Loose for Too Long

Jul 28 10:35

China Cements Eurasian Trade Routes With Great Silk Road Revival:

When it comes to the rise of Eurasia as the ascendent axis set to oppose US global hegemony, conventional wisdom focuses on the roles of China and Russia. However, the changing geopolitical landscape is certainly far more nuanced than merely the "west" versus the BRICS, and as the following infographic from SCMP shows, China has been quietly working to recreate one of the most legendary trade routes, "the Silk Road", linking Africa to the Middle East (Iraq and Iran) to India, to Indonesia and all culminating in Beijing, while at the same time the reverse leg of the route goes to Kazakhstan, Moscow and ultimately, Germany. The purpose: "to enhance political and economic ties with southeast Asia and beyond."

Jul 28 10:07

Africa’s Largest Refinery Finds 2.7 Tons Of Gold “Missing” After Computer System Upgrade

It’s one thing to implicitly admit that there is a physical gold shortage and as a result nations – such as Germany – are unable to repatriate their physical gold held in the safe and trusted confines 90 feet below the NY Fed, gold which may or may not be there and has likely been leased out exponentially to cover paper shorts by virtually every BIS-overseen central bank (and the BIS paper gold selling team itself of course).

It is something totally different to corzine, as in vaporize, 87,000 ounces of physical gold, some 2.7 tons, and blame it on a computer upgrade glitch.

Jul 28 09:52

Stock trader who called three crashes sees 20% collapse

Mark Cook, a veteran investor included in Jack Schwager’s best-selling book, “Stock Market Wizards,” and the winner of the 1992 U.S. Investing Championship with a 563% return, believes the U.S. market is in trouble.

Jul 28 09:43

The Case for a Bull or Bear Market in Two Charts

Which appears more likely–a straight-line extension of the past two years’ rise in stocks, or another “impossible” decline to complete the megaphone pattern?

There are dozens of charts and data points supporting the case for a continuation of the Bull market in stocks or a reversal into a Bear market. For the sake of brevity I’ve distilled the two arguments into two charts, one for the Bull case and one for the Bear case.

The Bull case is easy: the economy has reached self-sustaining expansion, a.k.a. escape velocity; hotel occupancy rates are high, home valuations are rising, stocks are fairly valued based on forward earnings, debt has been paid down/written off, and the Fed has tapered its quantitative easing (QE) bond and mortgage buying with no ill effect.

Jul 28 09:07

All Hell Will Break Loose In Paper and Physical Precious Metals Markets *Video*

Despite the recent drops in gold and silver from their all-time highs just a few years ago, the fundamentals for owning precious metals as long-term investments have never been better.

Jul 28 08:31

Companies proclaim water the next oil in a rush to turn resources into profit

Mammoth companies are trying to collect water that all life needs and charge for it as they would for other natural resources

Jul 28 08:27

The Fed Is Blowing a Titanic Stock Market Bubble Despite Media Denials

Is the Fed fueling a giant stock market bubble? ... Not only has the S&P 500 fully recovered from the financial crisis, it's a staggering 30% higher than the peaks of the Internet and housing bull markets. But is this really the case? With unemployment still above 6%, how could we find ourselves in the throes of yet another brewing catastrophe? Didn't investors and analysts learn anything from the past decade and a half? While it requires some explanation, the answer is that we're most likely not experiencing another irrational inflation of stock prices. – USA Today

Jul 28 08:20

The Average American Family Is Poorer Than It Was 10 Years Ago

The typical American household was significantly poorer in 2013 than it was ten years earlier as a result of the Great Recession, a new study shows, an effect that is compounded by growing wealth inequality in the United States.

The net worth of the typical American household in 2003 was $87,992, adjusting for inflation. Ten years later, it was just $56,335, a decline of 36 percent, according to a study by the Russell Sage Foundation.

Jul 28 07:14

In pictures: heartache as Gazans return to their flattened homes

The 12-hour humanitarian ceasefire gave Gaza residents a chance to return to their homes – or what was left of it – after days of unrelentless bombardments from Israeli fire. More than 100 bodies were pulled out from under the rubble.

Jul 28 06:34

Mass Incarceration: 21 Amazing Facts About America’s Obsession With Prison

Nobody in the world loves locking people behind bars as much as Americans do. We have more people in prison than any other nation on the planet. We also have a higher percentage of our population locked up than anyone else does by a very large margin. But has all of this imprisonment actually made us safer? Well, the last time I checked, crime was still wildly out of control in America and for the most recent year that we have numbers for violent crime was up 15 percent. The number of people that we have locked up has quadrupled since 1980, but this is not solving any of our problems. Clearly, what we are doing is not working.

Jul 28 06:28

Butler Hosch, Regional Trustee Services Screw Staff, Stiff Lawyer, Depo Staff and Get Sued.*


Monday, July 28, 2014

KingCast and Mortgage Movies See Butler Hosch, Regional Trustee Services Screw Staff, Stiff Lawyer, Depo Staff and Get Sued.*

Remember how I showed you six (6) weeks ago that Regional Trustee Services' CFO Deborah Kaufman bailed on a video deposition and Robinson-Tait and RTS agreed to pay appearance fees for Attorney Ha Dao, the Court Reporter and Affordable Video Depo -- i.e. Yours Truly?

Jul 27 20:25

US is buying disputed Iraqi Kurdish Crude Oil

A Marshall Islands-flagged tanker ‘United Kalavrvta’ carrying crude oil from Iraqi Kurdistan is hours away from arriving at a U.S. port in Texas, according to ship tracking satellites, despite Washington’s long-standing concern over independent oil sales from the autonomous region. It would be at least the second time a U.S. company has taken delivery of oil that the Baghdad government says was smuggled from the country.

Jul 27 17:17

85 Super Wealthy People Have More Money Than The Poorest 3.5 Billion Combined

The global economy is structured to systematically funnel wealth to the very top of the pyramid, and this centralization of global wealth is accelerating with each passing year. According to the United Nations, 85 super wealthy people have more money than the poorest 3.5 billion people on the planet combined. And 1.2 billion of those poor people live on less than $1.25 a day. There is something deeply, deeply broken about a system that produces these kinds of results. Seven out of every ten people on the planet live in countries where the gap between the wealthy and the poor has increased in the last 30 years. Despite our technological advances, somewhere around a billion people go to bed hungry every single night. And when our fundamentally flawed financial system finally does collapse, it will be the poor that will suffer the worst.

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