ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jun 16 09:34

Gap Is Shutting Down 175 Stores

Gap plans to close 175 of its namesake stores in North America, or 18 percent of its current total, and cut 250 jobs at its headquarters as the company tries to strengthen the struggling brand.

Gap Inc., which owns Gap, Old Navy and Banana Republic, said Monday it will close about 140 Gap stores in North America in the fiscal year that ends Jan. 31 — and the remainder afterward — based on factors that include location and performance. The San Francisco company also is closing an undisclosed number of stores in Europe. And it's cutting jobs at its headquarters in an attempt to make it faster and more decisive.

Webmaster's Commentary: 

One cannot use the words "economic recovery" with a straight face, looking at these, and other, retail closures.

Jun 16 09:31

Obama, Boehner abandon plans for Tuesday trade vote

President Obama and his momentary Republican allies in Congress mulled several difficult choices Monday for rescuing trade legislation into which the president has invested a massive amount of political capital in the hope of completing a 12-nation trade deal across the Pacific Rim.

After successful Democratic efforts to block the president’s trade package, Obama and House Speaker John A. Boehner (R-Ohio) spoke by phone and consulted their respective top lieutenants as they tried to find a path to success, according to senior aides. Their first call was to abandon plans for a second vote Tuesday on a piece of legislation that must also pass for the entire package to advance to Obama’s desk. Given the grim outcome for Obama of the first vote on Friday — 302 against and 126 in favor — they stood no chance for turning nearly 100 votes in four days.

Webmaster's Commentary: 

Should this be passed, this legislation will be a total sellout of the American people to large corporations, both foreign and domestic, and will further kill jobs in this country.

Any politician backing this is a total, complicit traitor to the American people they allegedly represent.

Jun 16 09:26

California Senate approves legislation to combat global warming

Republicans railed against the legislation on the Senate floor. They called it "coastal elitism at its worst" and insisted the proposals would hurt the Central Valley, the region hit hardest by the Great Recession and the devastating four-year drought.

Jun 16 09:19

GOP Leadership’s Latest Obamatrade Ploy Revealed: Small Business Tax Hike That Violates GOP’s Anti-Tax Pledge

Establishment Republicans desperately trying to secure the passage of Trade Promotion Authority (TPA), which would give President Obama fast-track authority to secure congressional approval of at least three secretive trade deals, are now willing to increase taxes on small businesses in a way that would violate a pledge almost every Republican Congressman has taken when elected into office.

Jun 16 09:16

US House of Reps: Europe Can't Boycott Israel

The United States House of Representatives has fast-tracked a bill regarding a free trade agreement between the US and Europe which would include a section barring EU countries from any form of commercial boycott against Israel and Israeli goods.

Webmaster's Commentary: 

We are all Palestinians now!

Jun 16 09:10

Stock Broker Tried To Swindle $1.8 Million From Client With Alzheimer's

On Wall Street, no wolf is too big, and no sheep is too small.

At least Jordan Belfort didn't target the mentally incapacitated. This real life Wolf of Wall Street is several thousand miles away from New York in Scottsdale, Arizona, the wannabe Hamptons of the southwest. As Investment News reports, the Financial Industry Regulatory Authority (FINRA) has accused John Waszolek of making himself the beneficiary of an 81-year-old client's estate. She wanted the money to go to charity, but he thought the money should go to his own account. That's the kind of asset allocation the financial industry understands best.

Jun 16 09:01

Showdown Between Judge Sullivan and IRS This Week…Expect Fireworks and Possible Criminal Charges

Let’s begin with the emails that traveled between the IRS and the White House. I suggest you duct tape your head before continuing to read. The IRS sent emails to the White House containing confidential taxpayer information. Congress wants those emails as well as Cause of Action, who filed a Freedom of Information Act (FOIA) request for them. Sending out taxpayer’s confidential information is a federal crime. So, when will the emails be handed over? Never. Jacob Lew of the Treasury Department refuses to turn them over because………….drum roll, please. They contain confidential taxpayer information. Duh!

Those emails are proof that a federal crime was committed. The IRS refuses to turn their copies over, the White House, through the Treasury Department refuses to turn their copies over and the Department of Justice has refused to investigate. Bartender….a round of obstruction of justice for everyone.

Jun 16 09:00

PetSmart plans to layoff 15%

Jun 16 08:52

China Dumps Record $120 Billion In US Treasurys In Two Month Via Belgium

After a record $92.5 billion drop in March, "Belgium" sold another $24 billion in April, bringing the total liquidation to a whopping $116.4 billion for the months of March and April. This means that after adding mainland China's token increase of $2 billion in April after a $37 billion increase the month before, net of Belgium's liquidation China has sold a record $77 billion in Treasurys in the most recent two months.

Jun 16 08:50

Bank Of America Begins 66-Day Countdown Until The "Ghost Of 1937" Returns

The last time the Fed tried to exit a period of massive balance sheet expansion coupled with ZIRP - back in 1937 - its strategy completely failed. The Fed tightening in H1’37 was followed in H2’37 by a severe recession and a 49% collapse in the Dow Jones. This is the ghost of 1937 and it is about to make a repeat appearance.

Jun 16 08:49

Russian Pivot: Greek PM Schedules Putin Meeting Ahead Of "Lehman Weekend"

With his back against the wall, and with Syriza party hardliners apparently no closer to backing concessions, Alexis Tsipras looks set to once again play the ‘Russian pivot” card, as the Kremlin says a “working meeting” between the Greek PM and Russian President Vladimir Putin is now scheduled for Friday in St. Petersburg.

Jun 16 08:45

"Lehman Weekend" Looms For Greece As Europe Readies "Emergency" Sunday Meeting

Tsipras had effectively resubmitted Greece’s previous proposal (i.e. a proposal that did not include concessions on a VAT hike or pension cuts) only this time, he included a second document that outlined how Athens hoped to tap leftover bank recap funds from the EFSF and bailout money from the ESM. Greece took that same proposal to Brussels over the weekend and it didn’t fly there either, leaving Europe to wonder just how far Tsipras was willing to go with the brinksmanship.

Jun 16 08:44

Warren Buffett And Weather Forecasts

Jun 16 08:36

Top firms 'use poshness test to keep poor out of best jobs': Bosses admit favouring applicants who went to top universities and who did not speak with an accent

Elite companies in the City of London are applying a ‘poshness test’ to job applicants which is preventing working class youngsters from getting the best posts, it is claimed.

Researchers found that leading law, financial services and accountancy firms in the Square Mile are ‘systematically excluding’ candidates if they are not middle or upper-class.

A staggering 70 per cent of job offers went to graduates educated at selective state or fee-paying schools.

Jun 16 08:34

Fed's worst nightmare: The 'ghost of 1937'

"Many policymakers and market observers assert that the risk of the Fed raising rates too early exceeds that of moving too late. This is the specter of 1937, when the Fed raised rates prematurely and exacerbated the Great Depression," Michael Arone, managing director and chief investment strategist at State Street Global Advisors, said in an analysis for clients titled "Why the Federal Reserve Needs to Bury the Ghost of 1937."

Jun 16 05:49

ISRAEL ACCUSED OF 'WAR CRIME' OVER BULLDOZING OF PALESTINIAN OLIVE GROVES

Palestinian leaders have accused Israel of a war crime after military tractors destroyed around a thousand olive and almond trees belonging to local farmers on the grounds that they were illegally planted on state land.

Jun 15 21:21

Iceland Recovering Fastest in Europe After Jailing Bankers Instead of Bailing them Out

After Iceland suffered a heavy hit in the 2008-2009 financial crisis, which famously resulted in convictions and jail terms for a number of top banking executives, the IMF now says the country has managed to achieve economic recovery—“without compromising its welfare model,” which includes universal healthcare and education. In fact, Iceland is on track to become the first European country that suffered in the financial meltdown to “surpass its pre-crisis peak of economic output”—essentially proving to the U.S. that bailing out “too big to fail” banks wasn’t the way to go.

(read more)

Jun 15 21:04

Twitter CEO Quits Voluntarily

Come July 1, Twitter CEO Dick Costolo will no longer be with the company.

Jun 15 21:03

Marijuana Use May be Legal in First Church of Cannabis

A new church has formed in the state of Indiana based around the use of marijuana.

Jun 15 21:03

Tax Rules Landlords Need to Know

Owning rental property might not be as advantageous on your tax return as you thought.

Jun 15 15:32

Voting for your own executioner!

At this point in time, the myth of the United States of America as a good and decent country has been pretty much vaporized by the constant betrayal of its own citizens and its neverending attacks on the rest of the world. I mean, with a leadership that supervised the demolition of its two tallest buildings as a pretext for making war on the world, abandoned its own people by deliberately sending most of its jobs overseas, and lastly, is about to round up and dispose of all its dissenters in the name of falsified terror threats, how could anyone with a functioning brain lend any degree of support to this political monster in Washington that is clearly and deliberately eating its own tail?

And to make it perfectly clear — deliberately destroying its own country at the behest of a demonic foreign power!

Jun 15 14:18

America : Freedom to Fascism

Webmaster's Commentary: 

Time for a repost!

Jun 15 13:44

Why the Magna Carta anniversary celebrations will be missing two crucial paragraphs

Why have clauses 10 and 11 been airbrushed from history? These were the ones inserted in the original charter to protect widows and underage heirs specifically from Jewish moneylenders by restricting the recovery of debt out of the deceased debtor’s estate.

But they are nowhere to be found in the official Magna Carta Trust website nor the US National Archive website which instead features the text of the later — and much shorter — 1297 version. The two clauses in the original 1215 Great Charter are:

10. If one who has borrowed from the Jews any sum, great or small, die before that loan be repaid, the debt shall not bear interest while the heir is under age, of whomsoever he may hold; and if the debt fall into our hands, we will not take anything except the principal sum contained in the bond.

Jun 15 13:41

We Have Accumulated The Greatest Mountain Of Debt That The World Has Ever Seen, And Yet Despite All Of The Warnings We Just Continue To Race Forward Into Financial Oblivion.

Corporations, individuals and the federal government continue to rack up debt at a rate that is far faster than the overall rate of economic growth. We are literally drowning in red ink from sea to shining sea, and yet we just can’t help ourselves.

Jun 15 13:05

Eurozone To Impose Capital Controls On Greece If No Deal By Weekend: German Press

Just as we hinted earlier when we reported that the ECB may use the "nuclear option" on Wednesday and yank Greek ELA, here comes German Suddeutsche Zeiting with a report that Eurozone countries have reached a Greek emergency plan (yay)... which calls for the imposition of capital controls on Greece if no deal is concluded by the weekend (oh no).

Jun 15 13:05

China Mocks G7 As "Gathering Of Debtors", Warns "Confrontation Will Be A Disaster For Europe"

Vladimir Putin didn’t get an invite to the Angela Merkel-hosted G7 Summit in Bavaria last week, which means the Russian President not only missed out on two days at the scenic Castle Elmau, but also on lederhosen shopping with US President Barack Obama who, judging from eyewitness accounts and a variety of amusing photo ops, channeled his inner Clark Griswold upon touching down in the Bavarian town of Krun. The G7 isn’t pleased with Russia’s ‘behavior’ in Eastern Europe and so, Moscow has been expelled from the cool kids club until such a time as the Kremlin agrees to uphold Western democratic values.

Jun 15 13:04

With Stocks 3% Off Record Highs, Investor Confidence Crashes To "Extreme Fear"

You know The Fed has suppressed vol too low for too long when stocks drop 3% from their all-time record-est highs and sentiment collapses into "Extreme Fear"...

Jun 15 12:34

Israel’s behaviour will bankrupt it over time

Two recent reports suggest that Israel could face catastrophic consequences if it fails to end the mistreatment of Palestinians under its rule, whether in the occupied territories or in Israel itself.

Jun 15 12:25

Trojan Horse: The Trans Pacific Partnership (TPP) Has Already Bought Off Washington

Although the House of Representatives voted down legislation to “fast-track” trade deals through Congress – it appears the TPP may have already secured its future with millions in donations made to US Senators since the start of the year…

Jun 15 12:15

The Derivatives Disaster

• Plutocrats push world to financial precipice yet again.

Money should be a medium of exchange only. The ancient Greeks understood this, as did the Christian world until the 16th century when usurers finally convinced pastors and potentates in the “Age of Exploration” that a “small amount” of interest on a loan was reasonable to offset risk of loss. But the trickle became a torrent and then a flood, as money became an “investment,” instead of merely the means of transacting business more efficiently.

Now, in the 21st century, the tidal wave of debt created by unscrupulous plutocrats for personal enrichment and the enslavement of the masses threatens to crush the world. Ironically, it may be today’s Greeks who become the catalyst of destruction when the current derivatives bubble bursts.

Jun 15 12:05

The Housing Market’s Going Down!

Jun 15 12:00

81 Billion Reasons Your Money Is Not Safe in the Bank

The days of banks being trusted institutions to help protect your savings & retirement are over. First, it was the banks gambling on derivatives that blew up the global economy in 2008 and cost citizens trillions in savings & retirement. Then, it was the banks turning over customer accounts to the IRS & police for total seizure without due process of law. Next came reports that banks are abolishing our ability to use & store cash. And now comes a frightening report that banks have agreed to pay $81 BILLION in restitution & penalties for criminal & civil abuses against the public and their own customers. So more than ever, if you want real protection of your savings & retirement, you better move it out of the bank. Fast.

Jun 15 11:28

World's elite buying remote hideouts to flee impending social unrest

Webmaster addition: World's poor buying cement to seal them inside! :)

Jun 15 11:26

What Is The Next Big Move In The Markets ?

Jun 15 11:13

US skills gap becoming more acute

Jun 15 10:54

NICARAGUA CANAL PROTEST: THOUSANDS OPPOSE ATLANTIC-PACIFIC PLAN

Thousands of Nicaraguans have held a protest against the planned construction of a canal linking the Atlantic and Pacific oceans.

The $50bn (£32bn) scheme, being built by a Chinese firm, will be longer, deeper and wider than the Panama Canal.

But the demonstrators fear it will have huge environmental costs and force thousands off their land.

Nicaragua's government says the canal will bring vital investment to one of Central America's poorest countries.

Some among the protesters, who were mostly farmers, accused President Daniel Ortega of selling Nicaragua to the Chinese.

Initial site work began last December, with completion due in five years.

Webmaster's Commentary: 

It's all about the money; the politicians in Nicaragua give little or no care to the situations of Nicaraguans this is going to hurt than do the political leadership in the US does about what TTP will do to ordinary American citizens, should it actually get passed.

Jun 15 10:49

BP AND ROSNEFT TO MAKE $700MN DEAL DESPITE SANCTIONS

Russian oil major Rosneft and BP are close to signing a $700 million deal for BP to acquire a 20 percent stake in the Taas-Yuriakh Siberian oilfield, reports the FT. The deal could be announced this week at the St. Petersburg International Economic Forum.

The introduction of EU sanctions against Russia hasn’t scared off the largest European companies, working in the fuel and energy sector, according to the Financial Times.

Besides BP, Italy’s Eni and Norway’s Statoil have already received governmental approval to continue working on joint projects with Rosneft. Shell continues to work with Gazprom Neft over the Salym project in the Siberian Khanty-Mansiysk area and is seeking Dutch government approval for other joint ventures.

The news comes as the G7 claimed they are ready to extend sanctions last week. The announcement was also made just days prior to the St. Petersburg International Economic Forum, dubbed the ‘Russian Davos’.

Webmaster's Commentary: 

I love the smell of financial irony in the morning!!

Jun 15 10:18

Treasury Reveals What JPMorgan Was Really Doing With London Whale Trades

The U.S. Treasury’s Office of Financial Research (OFR), the body created under the Dodd-Frank financial reform legislation to make sure another 2008 epic crash never happened again, quietly released a report last week which not only suggests another 2008-style crash is possible but that regulators will likely be blindsided again.

The report, written by Jill Cetina, John McDonough, and Sriram Rajan, reveals that the big Wall Street banks are ginning up their capital measures by engaging in opaque and potentially dangerous “capital relief trades.”

Jun 15 10:05

Columbus OH still really wants Red Light Cameras

Like some other Ohio cities, Columbus has sued the state to bring back the cameras

(State Reps have been battling these local blood sucking parasites)

Jun 15 10:03

Bipartisan Agreement: Foreign Governments Pay Former Senate Leaders to Sell TPP

While liberal organizations and members of Congress deride the TPP as the biggest boondoggle since NAFTA and President Obama defends it as “the most progressive trade treaty ever,” the influence peddlers who populate K Street see opportunity.

Policy makers aren’t simply facing a lobbying barrage from the typical slate of domestic interest groups. Foreign governments are running sophisticated operations to influence Congress and gather intelligence in Washington as the negotiations proceed.

Jun 15 09:49

What The Bilderberg Don’t Want You To Know Has Just Been Made Public

- Critical Intel About Their Plans For 2015 and Beyond…

Jun 15 09:42

German daily says IMF 'torpedoed' European Commission proposal on Greece debt

The International Monetary Fund (IMF) has “torpedoed” a recent bailout deal proposed by the European Commission to Greece which was made in an attempt to avoid a potential default by the cash-strapped country, a report says.

Webmaster's Commentary: 

But the IMF will go on funding Kiev's wars even though Kiev cannot repay any of the money it currently owes!

Jun 15 09:25

Gun maker Colt files for bankruptcy

Jun 15 09:23

Texas “Pulls” $ One Billion in God Bars from Fed Depository as Economic Twin Towers Collapse

Texas Governor Greg Abbott has signed a bill (HB 483) into law on Friday, June 12, that will allow Texas to build a gold and silver bullion depository. In addition, Texas will repatriate their $1 billion worth of bullion from the Federal Reserve in New York to the new facility once completed.

The writing is on the wall – institutions are losing faith and trust – and are transitioning or converting into ‘physical’ ‘real’ money, before it’s too late…

Jun 15 09:17

Ukraine to Get New IMF Loans Despite Inability to Repay Private Lenders and Another Country Falls into Permanent Debt to Loan Sharks.

Like the United States, all of Europe and most of the world.
In spite the grievous state of the Ukrainian economy, the IMF said it will continue to lend money (backed by what? The paper it’s printed on) to Ukraine, so Kiev can complete economic restructuring
Despite Keynesian economic theory that you can borrow your way out of debt, you can’t.

Webmaster's Commentary: 

The United States, all of Europe and the IMF will continue to lend money to Ukraine, so Kiev can wage war on their own people and provoke a confrontation with Russia.

(And don't you wish you could get the same deal from your credit card companies!)

Jun 15 09:04

Is Deutsche Bank The Next Lehman?

Looking back at the Lehman Brothers collapse of 2008, it’s amazing how quickly it all happened. In hindsight there were a few early-warning signs, but the true scale of the disaster publicly unfolded only in the final moments before it became apparent that Lehman was doomed.

...

If Deutsche Bank is the next Lehman, we will not know until events are moving at an uncontrollable and accelerating speed. The nature of all fractional-reserve banks — who are by definition bankrupt at all times – is to project an aura of stability until that illusion has already begun to implode.

Jun 15 08:32

Plans To Hijack the UK General Election 2015

In line with our above stated vision, this campaign aims to force the UK government to abandon its unnecessary and harmful austerity programs. To force the government to abandon its austerity programs we need to reduce their power and increase the power of the people. That is what this campaign is designed to do.

Webmaster's Commentary: 

"You cannot hijack the British elections! That's MY job!" -- Number 9 3/4

Jun 15 08:26

Consumers Not Following Orders

Last week the government reported personal income and spending for April. After months of blaming non-existent consumer spending on cold weather, shockingly occurring during the Winter, the captured mainstream media pundits, Ivy League educated Wall Street economist lackeys, and Keynesian loving money printers at the Fed have run out of propaganda to explain why Americans are not spending money they don’t have. The corporate mainstream media is now visibly angry with the American people for not doing what the Ivy League propagated Keynesian academic models say they should be doing.

Jun 15 08:25

IRS Criminal Investigator: "The world where criminals can hide their money is becoming smaller and smaller."

Under the Department's 'Swiss Bank Program,' the two Swiss banks signing the non-prosecution agreement will "continue to Cooperate With Department of Justice" and give up the goods on all their American customers. They must also reveal "the circumstances surrounding the closure of relevant accounts holding cash or gold." One of the banks had reportedly "Processed requests from U.S. taxpayers for cash or gold withdrawals so as not to trigger any transaction reporting requirements." U.S. taxpayers can "enter the IRS Offshore Voluntary Disclosure Program to resolve undeclared offshore accounts," but they "must now pay that 50 percent penalty to the IRS."

Jun 15 06:31

EU PREPARING FOR ‘STATE OF EMERGENCY’ AFTER GREEK TALKS COLLAPSE

Germany’s EU commissioner said on Monday it was time to prepare for a “state of emergency” after talks collapsed at the weekend to rescue Greece from default and ejection from the euro.

Jun 14 22:42

NZ Govt signs up for Chinese banking initiative

The Government has formally agreed to become a founding member of the Asian Infrastructure Investment Bank - an initiative led by China because it wanted more influence in the world's banking systems to reflect its importance in the world economy.

The bank will have initial capital of close to $139 billion to invest in infrastructure projects in Asia, and New Zealand's paid contribution will be about $125 million over five years.

Finance Minister Bill English said New Zealand was the first western developed country to join negotiations with China to set up the bank.

"Our membership will enhance our already strong economic, trade and investment links with the Asian region."

He said the bank would address a significant gap in infrastructure investment in the Asian region.

New Zealand will formally join the bank in a signing ceremony in Beijing this month.

Jun 14 21:52

The Slavery Economy - Trade Deals and the Quest for Global Dominance

Given record corporate profits relative to U.S. economic production, the question of why granting corporations more control over the lives of hundreds of millions of people is a good idea is worth asking.

Jun 14 21:46

Greece fails to 'bridge gaps' in EU bailout talks: European Commission

Bailout talks between Greece and its international creditors have failed, leaving the matter in the hands of eurozone finance ministers, a European Commission spokesman says.

Jun 14 21:44

The End Of The Big Banks Is Coming

Jun 14 17:30

Tax Rules Landlords Need to Know

Owning rental property might not be as advantageous on your tax return as you thought.

Jun 14 17:28

Marijuana Use May be Legal in First Church of Cannabis

A new church has formed in the state of Indiana based around the use of marijuana.

Jun 14 14:37

TTP: Unconstitutional tribunal for .01% oligarchs to dictate what is ‘fair trade’

*hyperlinks/videos live at source*

hat tips: 21st Century Wire, Ellen Brown, StormCloudsGathering, Dr. Paul Craig Roberts, WikiLeaks, David Icke, Fight for the Future, Eric Zuesse

“The corporations have bribed the political leaders in every country to sign away their sovereignty and the general welfare of their people to private corporations. Corporations have paid US senators large sums for transferring Congress’ law-making powers to corporations.” - Dr. Paul Craig Roberts, former Assistant Secretary to US Treasury, former editor of the Wall Street Journal

https://www.youtube.com/watch?v=KnyPsKw_gak

Jun 14 14:01

Ukrainians Dispossessed, Americans are next — Paul Craig Roberts

Americans are already dispossessed of their livelihoods and careers and their pensions are next. Wherever we look, the fate of populations under Western influence are the same. The Ukrainians are exploited, the Greeks, the British, the Americans.

Apologists for exploitation claim that the rich are richer because they are smarter. But the stupidity of the rich is everywhere visible. The greedy fools have destroyed their domestic US market. Really, how stupid can you be? How do Americans buy when they are forced by offshoring out of well paid manufacturing and software engineering jobs into being waitresses, bartenders, retail clerks and part-time Walmart workers in order that corporate bottom lines improve? Who buys the stuff that sustains the profits? Not Americans who no longer have the incomes to do so.

Jun 14 11:04

Pentagon Prize Time: Top 10 Federal Contractors

In fiscal year 2014, the United States government paid out an astounding $444 billion in federal contracts. That’s equivalent to almost forty percent of the federal discretionary budget for 2014.

Jun 14 10:46

When Bankers Collide

Tim Geithner is seated at Charlie Rose’s exclusive Table Ronde, his fashionable curly locks carefully askew on his lofty forehead, his hands expressively illustrating his financial competence. He has published a book destined for stardom, Stress Test, and he confronts Charlie who loves to flog best sellers before they are. Tim has been here before – annually, on average – but tonight we are treated to the official word, the inside story on what we’ve accomplished since TARP, how much better the banking system is now, largely because of the astuteness of Tim Geithner himself, former Treasury Secretary.

Jun 14 10:21

Globalists Plan to Ram Through TAA Next Week

Alabama Senator Jeff Sessions warns there will be another attempt in Congress on Tuesday to push through TAA and fast-track authority.

“If that happens, it will empower the President to form a Pacific Union encompassing 40 percent of the world’s economy and 12 nations—each with one equal vote. Once the union is formed, foreign bureaucrats will be required to meet regularly to write the Commission’s rules, regulations, and directives—impacting Americans’ jobs, wages, and sovereignty,” Session says in a statement posted on his Senate web page.

Jun 14 09:53

Fast-track Hands the Money Monopoly to Private Banks — Permanently

In March 2014, the Bank of England let the cat out of the bag: money is just an IOU, and the banks are rolling in it. So wrote David Graeber in The Guardian the same month, referring to a BOE paper called “Money Creation in the Modern Economy.” The paper stated outright that most common assumptions of how banking works are simply wrong. The result, said Graeber, was to throw the entire theoretical basis for austerity out of the window.

The revelation may have done more than that. The entire basis for maintaining our private extractive banking monopoly may have been thrown out the window. And that could help explain the desperate rush to “fast track” not only the Trans-Pacific Partnership (TPP) and the Trans-Atlantic Trade and Investment Partnership (TTIP), but the Trade in Services Agreement (TiSA). TiSA would nip attempts to implement public banking and other monetary reforms in the bud.

Jun 14 09:34

US trade bills seek to halt boycotts of Israel

The United States House of Representatives on Friday approved a measure to allow a "fast track" process for a free trade agreement between the US and Europe, which includes a section obligating EU countries to refrain from any kind of boycotts on Israeli goods.

Jun 14 09:30

Banks issue legal proceedings to repossess 50,000 homes

The move to issue legal letters to so many homeowners who are not meeting their repayments has been criticised as a "cop-out" by those who help people in arrears.

New figures provided by Central Bank Governor Patrick Honohan show that half of what is being classed as solutions for those in arrears are made up of threats to repossess homes.

The figures are for the six main banks - AIB / EBS, Bank of Ireland, Ulster Bank, KBC Bank, ACC and Permanent TSB.

Jun 14 09:17

Nicaragua canal protest: Thousands oppose Atlantic-Pacific plan

Thousands of Nicaraguans have held a protest against the planned construction of a canal linking the Atlantic and Pacific oceans. The $50bn (£32bn) scheme, being built by a Chinese firm, will be longer, deeper and wider than the Panama Canal. But the demonstrators fear it will have huge environmental costs and force thousands off their land.

Jun 14 09:04

Fast Track Trade Traitors Murderers and Enemies

he people who are attempting to inflict these deals on the US, in my opinion, meet the criteria for treason-- aiding and abetting the enemy. And if it's not clear, let me spell it out. The big corporations that would go so far in their predatory, extractive efforts cannot be considered friends or allies of the USA. They should be stripped of all the corporate welfare they receive. The legislators should be charged with treason. Obama should be charged with treason. Add it to the long list of charges which should be prosecuted against Obama. This won't happen. But at the least, every single legislator who voted for fast track and or the TPP should be primaried.

Jun 14 09:01

IMF Says It Will Continue Lending To Ukraine Even After A Default, And Why This Is Bad News For Greek Gold

So as we enter Sunday and what may well be the last possibility to get deal done before the "accidental" Grexit scenario is put in play, we thought our Greek readers would be interested to learn that while Lagarde's "apolitical" IMF is digging in tooth and nail against giving Greece even the smallest amount of breathing room, the equivalent of half an our of a typical daily Fed POMO notional amount, yesterday the same Lagarde said that the IMF "could lend to Ukraine even if Ukraine determines it cannot service its debt."

Jun 14 08:50

Writing's On The Wall: Texas Pulls $1 Billion In Gold From NY Fed, Makes It "Non-Confiscatable"

The lack of faith in central bank trustworthiness is spreading. First Germany, then Holland, and Austria, and now - as we noted was possible previously - Texas has enacted a Bill to repatriate $1 billion of gold from The NY Fed's vaults to a newly established state gold bullion depository..."People have this image of Texas as big and powerful … so for a lot of people, this is exactly where they would want to go with their gold," and the Bill includes a section to prevent forced seizure from the Federal Government.

Jun 14 08:44

'West' is Not the Charity Business: There'll Be Hell to Pay for Ukraine

While Kiev declares that it would not repay Russia's $3 billion loan or even seize Russia's assets in Ukraine, such moves may deal a heavy blow to the very foundations of international law, US economist Michael Hudson warned.

Jun 14 08:40

The Fed did have an audit


So we we gave the Fed an Audit. They secretly spent 16 TRILLION dollars. So... now what is gonna be done about it? Notice the mass media didn't touch it? The Alternative media didn't really cover it either.

Jun 14 08:19

Obama administration wants to restructure neighborhoods that are too wealthy and white

This is nothing more than a massive social engineering project, akin to ideas that have failed time and time again in countries like Cuba, China, and Venezuela. It’s failed here in the United States too in places like Decatur, Illinois and Baton Rouge, Louisiana. Why? Because poverty can’t be solved with a hand full of cash and a change in your zip code.

Jun 13 17:55

U.S. Created 16x as Many Jobs in Mexico as Mexico in U.S.

1,037,900 Jobs Deficit:

Jun 13 15:34

ACLU Sees Kent County DE Court Halt Discovery and Notify Cops In Free Press First Amendment Lawsuit.


Many thanks to Publisher/Editor Bill Gunlocke for his referential Affidavit as seen on my journal page. The Court had actually posted a picture of me at the guard station..... Today with a Motion for Reconsideration I went after the Delaware Commissioner Andrea Maybee Freud (yes her real name) a Communications major who overruled standing Supreme Court ORDER allowing video in trial Courts per Rule 155 and who stayed Discovery even though the Defendants have never once answered a simple question as to what authority they believed they had to prevent me from 1) asking a question or two of the deputy or director of the Recorder of Deeds office and/or 2) running B-roll footage of La Mar Gunn pulling up fraudulent documents on the electronic fiche machine. I'll post the document Sunday but for now here is the video.

*******

Saturday, June 13, 2015

Jun 13 14:56

War-Weary Ukraine Shutters Cash-Starved Banks as Trust Falls

When Vasyl Klos plunked $9,000 into a bank branch in his hometown of Lviv, Ukraine, in 2013, he assumed it was safe because it was German owned. He was wrong.

Bank Forum JSC had already been sold by Commerzbank AG to Ukrainian businessman Vadim Novinsky, a fact Klos only found out as he completed the deposit. He decided it was too late to back out, but within a year, Forum was declared insolvent and the cash was returned to him in hryvnia, whose later plunge cut the value of his original deposit by about half. The experience has left him poorer, but wiser.

“I’m not going to open any more deposit accounts until the economy stabilizes,” said Klos, a 33-year-old field researcher. “And even then, I would only put money in a foreign-owned bank.”

Jun 13 13:54

How I Beat A Cell Phone Ticket In California

On the first day of July 2008 I received a 'cell phone ticket' from a cop who felt it necessary to use his siren to pull me over. It was the first day the law went into effect, and police throughout California didn't waste any time searching for offenders. We must exert our presumption of innocense and make them follow their own laws regarding due process. After all, these revenue agents "love the law" so much, right? Yeah, sure.

Jun 13 12:15

Athens homeless tops 17,000

A study carried out by the University of Crete estimated the number of homeless in Athens alone at 17,720 people, many of them sleeping on the street or in their cars.

Jun 13 09:30

Shoplifting and Government Plunder

"Is shoplifting an issue?" I asked.

"Oh, you wouldn't believe the amount of theft. Or from local government either."

"What?"

"I got my annual property tax bill in the mail, expecting the usual $10. They'd jacked it up to $450."

"What?!" I was feeling like an echo chamber.

"Yeah. I keep an acre in alfalfa for a couple horses, but I hadn't sold any hay for awhile. So they pulled my agriculture exemption.

"My neighbors on fixed income can't pay the increase; aren't not able to work the land like they used to. Kids have moved away. They're looking at having to sell off land that's been in the family for generations or hundreds of years. To pay this stupid tax."

Jun 13 09:19

JW Beats IRS in Court

Calling all conservative activists, citizens and groups who were silenced and harassed by the Obama Internal Revenue Service in the run-up to the 2012 elections and beyond — you should know that we have moved a few steps closer to holding the Obama administration accountable for its criminal misuse of the federal tax-collecting agency.

We are pleased to announce that Judge Emmet Sullivan of the U.S. District Court for the District of Columbia granted a Judicial Watch request to issue an order requiring the IRS to provide answers by June 12, 2015, on the status of the Lois Lerner emails the IRS had previously declared lost. Judicial Watch raised questions about the IRS’ handling of the missing emails issue in a June 2 court filing, demanding answers about Lois Lerner’s emails, which had been recovered from backup tapes. Judge Sullivan issued the court order on June 4, 2015.

Jun 13 09:17

Billionaire Bunkers: Exclusive Look Inside the World's Largest Planned Doomsday Escape

For the very first time, a modern day Noah’s Ark has opened its doors for an exclusive inside look offering up plans for the ultimate Billionaire bunker and doomsday escape.

Vivos founder and CEO Robert Vicino announced Vivos Europa One which will be an invitation only, five star, underground survival complex, similar to an underground cruise ship for the elite. Each family will be provided a private 2,500 square foot of floor area, capable of two story improvements for a total of 5,000 square feet of private living quarters. With fit and finish comparable to a mega-yacht, each member family will hire their own architect and contractor to build out their living quarters to the custom standard they desire.

Webmaster's Commentary: 

After the collapse we can just cement over all the money-junkies' bunkers.

Jun 13 08:41

Norwegian pension fund divests from Israeli occupation

Norway's largest pension fund has excluded two companies "on the grounds of their exploitation of natural resources in occupied territory on the West Bank."

KLP, which manages a US$70 billion investment portfolio, formally excluded Heidelberg Cement and Cemex on June 1, following a period of investigation and engagement. The combined worth of KLP's shareholdings in both HeidelbergCement and Cemex was approximately $5 million.

Heidelberg Cement and Cemex, leading global suppliers of building materials, operate quarries in the West Bank through their respective Israeli subsidiaries. According to KLP, "the companies pay licence fees and royalties to the state of Israel" while "the products deriving from the quarries are sold primarily for use in Israel's domestic construction market."

Jun 13 08:20

How Companies Mask Runaway Inflation

Do you feel like you’re running out of pepper more often these days?

Or maybe you recently realized that no, you are not in fact sweating more, the deodorant sticks you’ve been buying for years have simply gotten smaller lately.

Or worst of all, have you noticed that Slim Jims have gotten shorter?

If any of the above applies, rest assured it is not your imagination, it is simply a symptom of corporate America attempting to hide runaway inflation — you know, that runaway inflation which the Fed has certainly not created by running the printing presses at full tilt for five years.

Known as “weight out” in the corporate world and “slack fill” in litigation, it’s a simple strategy that’s been readily apparent in bags of potato chips for years and although it can, in some instances, get companies sued, that’s nonetheless preferable to eating the cost of higher input prices.

Jun 13 08:14

The War On Cash: Officially Sanctioned Theft

Jun 13 05:37

Secret War on Cash: “Discussions at Bilderberg Centered Around Capital Controls, Abolition of Cash”

The world’s elite are meeting in secret this week at the Bilderberg meeting, set at a luxury resort in Telfs-Buchen, Austria.

Investigative journalists have confirmed that the private discussions among top power brokers across the globe include arrangements to restrict currency and penalize – or ultimately even ban – cash.

Read more at SHTFplan.com

Jun 13 03:43

Currency Wars Claim Another Victim

Jun 13 01:32

Fedspeak - How Transitory Is the Q1 Slowdown?

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