Dec 01 19:34

Global Crisis: Goldman Sachs Says That Brazil Has Plunged Into ‘An Outright Depression’

A global crisis has begun, and the U.S. will not be immune from it. I truly believe that we are heading toward the worst economic downturn that any of us have ever experienced.

Dec 01 17:33

Boeing Avoided Nearly $20 Million in Sales Taxes Last Year

Boeing avoided nearly $20 million in sales taxes last year thanks to tax breaks approved by politicians to keep the aerospace giant building jets in Everett.

Dec 01 17:32

The Topping Process Is Steaming Along

Dec 01 17:08

U.S. Total Debt Soars By $674 Billion In November

When the US reached a debt ceiling deal in the beginning of November, it was common knowledge that there would be a debt accrual “catch up” to make up for lost time when the US was operating under emergency measures to avoid breach of the debt ceiling. And sure enough, when the accurate total debt number was released on November 2, this was indeed the case, when we learned that the US had added some $339 billion in debt during the “emergency measures” period.

Dec 01 17:00


The National Instant Criminal Background Check System (NICS) reports that it processed 185,345 transactions on Nov. 27 2015, Black Friday, making the day the highest Black Friday ever... And the highest day in National Instant Criminal Background Check System history!

Dec 01 16:37

The truth about GDP

Dec 01 16:37

Bitcoin cloud miners a '$20m Ponzi scheme – there was no cloud at all'

The US Securities and Exchange Commission (SEC) has filed charges against two bitcoin mining businesses it says operated as illegal Ponzi schemes.

According to a complaint [PDF] the watchdog filed with the US District Court in Delaware, GAW Miners and Zenminer, both controlled by Josh Garza, stand accused of taking money intended for mining operations and using it to pay other investors.

The SEC alleges that the two companies, who billed themselves as cloud computing operations devoted to mining bitcoins, never actually had the hardware necessary to perform the computing tasks associated with cryptocurrency mining.

Dec 01 16:32

The Truth About GDP

If rising prices are good for the economy, how come everyone was so unhappy in Germany's Weimar Republic in 1923, or in Zimbabwe fifteen years ago? Surely, as inflation accelerates the happiness level should rise...

Dec 01 16:31

Global Crisis: Goldman Sachs Says That Brazil Has Plunged Into ‘An Outright Depression’

One of the most important banks in the western world says that the 7th largest economy on the entire planet has entered a full-blown economic depression. Brazil’s economy has now contracted for three quarters in a row, and many analysts believe that things are going to get far worse before they have a chance to get any better.

Dec 01 15:30

BRICS bank to begin borrowing in yuan

The BRICS New Development Bank (NDB) could start operations by borrowing in the Chinese currency, according to the bank’s Vice President Vladimir Kazbekov.

He says the bank will focus on loans in the national currencies of the bank’s potential customers.

“Considering the stability of the Chinese currency and the scale of the Chinese debt market, I think that one of the first steps in providing the New Development Bank with funds may be entering the Chinese market to borrow in yuan," Kazbekov said on Tuesday at the opening of a BRICS media summit in Beijing.

Dec 01 15:25

Ford execs, Wall Street investors gloat over new UAW contract

In a conference call with Wall Street investors Monday morning, Ford CEO Mark Fields and other company executives boasted that the new four-year agreement with the United Auto Workers would give the automaker “flexibility” to increase the number of temporary and part-time workers, add daily and weekend mandatory overtime and wipe out thousands of jobs in the event of a fall in sales.

Dec 01 15:04

The Coming Great Recession, Brought To You By The Healthcare Cartel

Why the coming Great Recession is brought to you by the Healthcare Cartel is painfully simple: in an era of stagnant household incomes, every additional dollar devoted to rising healthcare insurance, outrageously unaffordable medications and soaring co-pays is one less dollar that’s available to be saved, invested or spent on something other than healthcare.

Dec 01 14:50

Life in the Electronic Concentration Camp: The Surveillance State Is Alive and Well

how do you hide more needles in haystacks? add more hay - some randomly sprayed with metallic paint - and more non-magnetic needles then watch as he system fails under the load of garbage results

Dec 01 14:36

You won’t believe these ‘Federal Fumbles’

These are all examples of ways big government is failing American taxpayers. -- In total, Lankford and his staff singled out 100 examples of government waste spanning $105 billion in spending and $800 billion in regulatory burdens.

Dec 01 14:34

Bank to evict woman and her children before Christmas despite her pleas

A BANK IS to put a Dublin mother and her children on the street just before Christmas, the second time they will be evicted this year.

Linda O’Hora, was put out of her home at 8 Willow Wood Park, Hartstown, Dublin 15 by the County Sheriff only last month but unlawfully went back in again, the Circuit Civil Court was told today.

Ulster Bank Ireland Limited today obtained a new court order authorising the sheriff to put her out again. The bank told the court she had unlawfully re-entered the house and was currently in occupation with her children.

Dec 01 14:23

2015: The Last Christmas in America?

The game of enabling more debt by lowering interest rates and loosening lending standards is coming to an end. Debt is not a sustainable substitute for income, and households are increasingly finding themselves in two camps: those who can no longer afford to borrow and spend, and those who recognize that going in to debt to support spending is a fool's path to poverty and insolvency.

Dec 01 14:17

Hillary Clinton panders to middle-class voters with unrealistic tax promises

When it comes to paying for these “targeted” benefits, plus her other promises such as universal preschool, however, the former secretary of state has a clear principle: none of the 97 percent of U.S. households that earn $250,000 or less per year will be asked to contribute higher taxes.

If this strikes you as implausible — the Democratic equivalent of the no-tax-hike pledge Republican candidates regularly impose on themselves — we agree. There is simply no way that the federal government can meet its current fiscal commitments, plus the increased demands of an aging population, and provide the new forms of middle-class relief and business tax relief Ms. Clinton promises, while tapping only the top 3 percent of earners.

Webmaster's Commentary: 

Hillary is simply making promises she has no intention of keeping. That is why it doesn't matter to her that the math does not work out.

Dec 01 13:58

American colleges now are liberal indoctrination centers where students learn to become victims and false-flag crisis actors instead of getting real jobs

Today, many attendees at campus protests are coerced with threats of ostracizing and even violence. The list of “demands” is nonsensical and lacking in seriousness. Activist leaders are not seeking parity – they have that already – they are seeking special policy carve-outs and benefits above and beyond those offered to white students.

Dec 01 13:52

Greeks Told To Declare Cash "Under The Mattress", Jewelry And Precious Stones

When earlier today we read a report in the Greek Enikonomia, according to which Greek taxpayers would be forced to declare all cash "under the mattress" (including inside) or boxes that contain more than 15,000 euros as well as jewelry and precious stones (including gold) worth over 30,000 euros, starting in 2016, we assumed this has to be some early April fools joke or a mistake.

After all, this would be merely the first step toward full-blown asset confiscation, conducted so many times by insolvent governments throughout history, once the government cracks down on those who made a "mistake" in their asset declaration form or simply refuse to fill such a declaration, thereby making all their assets eligible for government confiscation.

It was not a joke.

Webmaster's Commentary: 

The last official act of any government is to loot the nation.

And yes, it will happen here. It is inevitable. The common people are always made to pay for all the mistakes of the government.

Dec 01 13:48

Oh, the tragic irony: These “life-saving” cancer drugs could eat up your entire life savings in under a year

Cancer is arguably the biggest profiteering disease of all. It’s the one condition that will never have a cure — at least, that you’ll hear about in the mainstream media — and will perpetually be assigned “experimental” treatments that would drain your entire bank account in a year or less. Here’s an overview of some of these so-called experimental drugs and the costs associated with each:

Dec 01 13:09

Study: Pay inequality widening in UK

A new research says the pay packets of the UK’s top 350 company boardrooms shows 52 executives were paid at least 100 percent more than last year.

The research conducted by the Labour Research Department shows how pay inequality is widening at a staggering rate in the country.

Dec 01 13:04

Paris Climate Criminals Ignore Record Arctic Ice Growth

‘Instead of an ice-free Arctic, we just had the shortest melt season on record – followed by record sea ice growth. Arctic sea ice extent is the highest for the date since at least 2004.

Criminals at the New York Times and Guardian told us recently that Greenland is melting much faster than previously feared. In fact, Greenland’s surface is gaining record amounts of ice, with 250 billion tons of new ice over the last three months.’

Dec 01 12:22

ECB & The Failed QE Stimulus

Dec 01 11:53

A Tweet From Jim Rickard's On China's Gold

Dec 01 10:00

The Yuan Ascends to World Reserve Status: “Dollar System Being Done Away With” - Mac Slavo

Today’s news is a historic milestone. The dollar’s days are numbered, and the new global economic order is shifting into place.

As many insiders have expected, China has now officially gained status among the world reserve currencies, taking place alongside the dollar, the euro, the pound and the yen.

The IMF decided to grant this upgrade as a result of financial and monetary benchmarks that Chinese leaders worked towards during the past several years. Its implications run deep.

Though the official talking line is quick to suggest that China could actually be hurt by new pressures on its already struggling economy, the significance of the move is not the short term, but the turning of the tide.

Dec 01 09:56

BREAKING Puerto Rico Has Begun to Default

Dec 01 09:51


Dec 01 09:48

Chinese Auto Sales Crash, Inventories Soar In November

Despite ongoing exuberance at auto sales in America (which disappointed) - as crashing credit standards enable every Tom, Dick, and Muppet to buy too much 'depreciating asset' for their incomes - there are numerous problems few are talking about for automakers worldwide. Aside from "plans to buy a car" tumbling in the latest confidence surveys, and inventories-to-sales surging, China just poured ice cold water on any hope of stability in that 'growth' market as auto dealers issue the highest inventory alert since June. November data from China shows demand plunging, sales collapsing, and inventories soaring - a triple whammy of "no, things are not 'stabilizing'."

Dec 01 09:41

Milton Berg: Commodities May Sink 20% or More

Dec 01 09:11

Air Force scraps 16 cargo planes it bought for $500million for Afghan army for just $32,000

The US Air Force is facing an investigation over why it destroyed 16 cargo planes worth nearly $500million and turned them into $32,000 of scrap metal.

The fleet of 16 C-27As that were bought for the Afghan Army and stored in Kabul International Airport were taken apart to allegedly save costs as forces continue to withdraw from the country.

It has prompted an investigation by John Sopko, special inspector general for Afghanistan reconstruction, who will question why there wasn't an effort to 'salvage' taxpayers' money.

Webmaster's Commentary: 

"Well, that's what taxpayer money is FOR; to be WASTED! It keeps America strong!!" -- Official White Horse Souse

Dec 01 09:10

Enter the Dragon: Chinese yuan to become global reserve currency

The International Monetary Fund (IMF) gave the yuan a vote of confidence on Monday by including the Chinese currency in its Special Drawing Rights (SDR) uniting the US dollar, euro, British pound and the Japanese yen.

Dec 01 07:43

The TPP and the New Global Corporate Government

"...The key to understanding how TPP is about global corporations setting up their own global government is contained in its Chapters 27 and 28....In chapter 27, TPP provides for a new executive-legislative body whose decisions will usurp national and state-local legislative functions and representative democracy — already under serious attack everywhere by corporate money and other initiatives....Chapter 28 sets up an independent court system, or tribunals, which will make decisions that existing national Judicial systems cannot review or overturn."

Dec 01 00:20

Top 10 Most Powerful Weapons of The Russian Military

Russia is one of the largest manufacturers and exporters of military equipment in the world and their products are widely used. They are the only nation other than the US, to have every possible kind of military equipment from long range bombers to next generation submarines. Their weapons feature in basically every local and international conflict and are typically used against their western counterparts. Some of the Russian weapons are superior to their western equivalents, some inferior and the others, on-par. There are a few Russian weapons which actually have no Western equivalent till date. This article covers the top 10 weapons used by the Russian military. The list is made to ensure an even distribution of Russian army, navy and air force weapon systems of the present and future.

Dec 01 00:06

Iranian Supreme Leader Sends Crucial Message to World Audience on Terrorism

People at zerohedge are questioning the authenticity of this letter.

For those of a cynical persuasion, it’s difficult to ignore the similarities between Islamic State’s brand of puritanical Islam and Saudi Arabia’s propagation of Wahhabism. Put simply, indoctrinating the masses with an ultra orthodox ideal that breeds intolerance sows the seeds of extremism and on that score, Riyadh and Raqqa are really no different.

To the Youth in Western Countries,

The bitter events brought about by blind terrorism in France have once again, moved me to speak to you young people. For me, it is unfortunate that such incidents would have to create the framework for a conversation, however the truth is that if painful matters do not create the grounds for finding solutions and mutual consultation, then the damage caused will be multiplied.

Nov 30 18:36

Pay inequality between bosses & workers ‘widening’ every year, study shows

Research by the Labour Research Department into the pay packets of the top 350 company boardrooms shows 52 executives were paid at least 100 percent more than last year, showing how pay inequality is widening at a staggering rate.

The analysis shows 535 executives earn over £1 million a year with an annual movement from lower to middle bands as remuneration increased. It shows an average 8.1 percent rise on last year.

Nov 30 18:00

WTF America? 2015 Black Friday Videos Show How the US Has Lost Its Humanity

If Americans got as upset over the crimes of their government as they do over cheap plastic goods with built-in obsolescence, we would have colonized Mars by now.

Nov 30 16:34

Hyperinflation Watch: Kazakhstan Unveils New 20,000 Tenge Banknote

While hyperinflating Argentina has begun discussing a rise in the denominations of its banknotes, and South Africa has admitted defeat in the currency wars, it appears Kazakhstan's collapsing currency and crashing reserves has prompted action. Since allowing the Tenge to "free float" in August it has imploded (from 188 to 308 per USD) and so today The Kazakh Central Bank unveiled the new 20,000 Tenge banknote - double the highest denomination previously.

Nov 30 16:33

Paper Gold Dilution Hits 294x As Comex Registered Gold Drops To New All-Time Low

According to the latest data, total Comex Registered gold dropped by another 11% overnight to just 134,877 ounces, just over 4 tonnes and another all time low, and since the gold open interest remains largely unchanged, the physical gold coverage ratio, or the ratio of gold claims to Registered gold, has just hit an all time high of 294 ounces of paper for every ounces of physical.

Nov 30 16:30

‘Honeymoon’ over for lira after Turkey shoots down Russian jet

The Turkish lira is already this year’s worst performing currency outside Latin America. But after a Turkish F16 jet shot down a Russian bomber near the Syrian border, analysts say the lira is likely to plunge even further, to record lows.

“It’s a bit of an abrupt ending of the honeymoon here for the lira,” Roxana Hulea, an emerging market strategist at Societe Generale in London told Bloomberg. According to her, the Turkish lira will slump to 3.1 per dollar (2.92 as of 8am GMT Monday).

In September, the lira fell to a record low of 3.0752 against the greenback. The Turkish currency won back eight percent through November 20, but last week’s slowdown extended the slide to 20 percent in 2015.

Nov 30 15:57

The Yuan Ascends to World Reserve Status: “Dollar System Being Done Away With”

The dollar’s days are numbered, and the new global economic order is shifting into place.

The IMF executive board’s decision to add the yuan, also known as the renminbi, to the Special Drawing Rights (SDR) basket alongside the dollar, euro, pound sterling and yen, is an important milestone in China’s integration into the global financial system

“The yuan’s inclusion is a largely symbolic move, with few immediate implications for financial markets. But it is the first time an additional currency has been added to the SDR basket and the biggest change in its composition in 35 years.


Nov 30 14:09

Bankers Reap Forfeited Souls As Millions Turn to Prostitution: “Viagra Costs 4x The Cost of P***y”

At one level, it pure economics. The Greek people have been squeezed. Their economy has been sold at auction, and everything is breaking down. In tandem, Greece is seeing a spike in prostitution at such a skyrocketing rate and a shocking decline of human value:

Paul Craig Roberts writes:

The plummeting living standards forced on the Greek people by German chancellor Merkel and the European banks have forced large numbers of young Greek women into prostitution. The large increase in the supply of women offering sexual services has dropped the price to 4 euros an hour. That’s $4.24, enough for a cheese pie or a sandwich, the value that bankster-imposed austerity has placed on an hour’s use of a woman’s body. The half hour price is $2.12. They don’t even get the minimum wage.


Nov 30 13:30

Will a Resource Based Economy Work? No.

Nov 30 12:37

To JPM, This Is The Alarming Chart Suggesting The Next Recession "Is Just Around The Corner"

By now it is clear to even the most tenured economists that the half of the US economy, the one that deals with manufacturing and industrial production, is sliding into, if not already, in recession with today's contractionary Chicago PMI and subzero Dallas Fed data confirming this deterioration.

But while the NBER is notoriously behind the curve when it comes to determining the onset of recessions, the market may have already spoken, and nowhere louder than in the collapse of corporate cash flow generation. This collapse in EBITDA is also what we cautioned three weeks ago is the biggest risk facing the economy.

Nov 30 12:36

Morgan Stanley To Cull 25% Of Fixed Income Jobs Within 2 Weeks As Revenues Plunge

Stiffer capital rules, a slump in client transactions and a shift toward electronic trading have crimped margins in key fixed-income markets, pushing banks to pull back and eliminate staff... and amid a 42% collapse in fixed-income revenue in Q3, Morgan Stanley is taking action:


Nov 30 12:36

World’s largest public pension fund posts $64 billion loss

Japan’s public pension reserve fund, the largest of its kind in the world, posted its biggest quarterly loss since the financial crisis for the quarter through September, dragged down by a global stock selloff.

Nov 30 12:36

Recession Looms As Dallas Fed Manufacturing Contracts 11th Month In A Row

Following Milwaukee Fed weakness, Dallas Fed Manufacturing printed -4.9 (better than expectations of -10 and up from October's -12.7). This is the 11th monthly contraction (sub-50) in the index, something not seen outside of a recession. Prices paid and received tumbled, wages dropped and new orders contracted once again but number of employees and average workweek both jumped? Despite all the promises from former Dallas Fed Fisher, it appears the economy is not so diversified after all.

Nov 30 12:27


Nov 30 12:10

Bankster Capitalism At Work

snip: The loans were made to corrupt Greek governments who were paid bribes by the lenders to accept the loans, and the proceeds often were used for purchases from the country from which the loan originated. For example, Greek governments were paid bribes to borrow money from German or other foreign banks in order to purchase German submarines. It is through this type of corruption that the Greek debt grew.

Nov 30 11:29

China's Yuan To Become A Main Reserve Currency

The Chinese yuan will join a basket of the world's leading currencies, the International Monetary Fund announced Monday.

The IMF said that the yuan "met all existing criteria" to be included with the U.S. dollar, euro, Japanese yen and the British pound as one of the currencies used for the global organization's Special Drawing Rights, which serves as a standard for dealing with the financial reserves of its 188 member governments.

China is the world's second largest economy. Currency traders and economists say the move should encourage the government in Beijing to deliver on promises to make the yuan "freely tradable" and to open up its financial system. The country has historically pegged its currency to the dollar, giving it an advantage in exporting goods to the United States and helping it to emerge as a manufacturing powerhouse.

Webmaster's Commentary: 

It will be interesting to see this decision's ultimate impact on the US dollar.

Nov 30 11:25

Why I’m Closing My Bank Accounts While I Still Can

Just then the branch manager came over to the teller inside the cage. “Hi Mr. Gilani, is there a problem?” she asked.

“Yes, there is a problem,” I replied. “I’m trying to cash a check and first this young lady said she didn’t know me and couldn’t cash the check, then she said I’d have to fill out some forms to get my money out. What’s going on?”

The manager told me there were some “new rules” they had to follow. She acknowledged she knew me, telling the teller I was okay, but told me I’d still have to fill out the form.

“I am not filling out any form ever to take my money out of my account,” I stated. “Is that a federal law or is that this bank’s idea of customer service?”

“It’s just what we have to do now,” the manager replied.

So I looked at her as if to say, “Really? You’re not going to tell me why I have to fill out a form to take cash out of my account?”

Nov 30 11:24

Gold Demand In China Heading For Record and Reserves Increase 14 Tonnes In October

While gold prices continue to languish in the doldrums and are on course for their worst month since 2013, global demand and especially Chinese retail, investor and official demand continues to remain very robust. Indeed, China looks likely to see a new record demand for gold annually again in 2015.

Webmaster's Commentary: 

Increasing demand, yet gold prices keep being driven down?

Nov 30 11:07

Inconvenient truth about Global Warming

human progress has made the world more livable for humans

more of us survive because of industrialization and fossil fuels

Nov 30 10:22


Drone delivery is coming, and faster than most think. Time Magazine disagrees. Time proclaims Here’s Why Drone Delivery Won’t Be Reality Any Time Soon Time notes the FAA will not have anything to do with autonomous deliveries other than line-of-sight, but I expect regulations will be worked out soon enough. Countries like Canada and the UK are ahead of the US in addressing regulations, and history suggests that such pressure and demand from consumers is all it will take to get the US to catch up.

Nov 30 09:49

Keiser Report: American Way! Bail out Bankers

In this special episode of the Keiser Report from New York City, Max Keiser and Stacy Herbert discuss short term gains for long term losses as our future chickens come home to roost.

Nov 30 09:14

Obamacare's woes will disrupt 2016 presidential race

Obamacare is in trouble, and its problems are poised to disrupt the 2016 presidential race.

Not only will the law's mounting problems play a role in both the Democratic and Republican primaries, but complications surrounding the law are likely to explode into the public view next summer, just as the general election is beginning.

Nov 30 09:09


Nov 30 09:00

France Shutting Down Prepaid Debt Cards

France is using the terror attack as the excuse now to shut down pre-paid debt cards. Terrorists can circumvent any restriction. It is like gun control. Criminal do not buy guns at a store. Like drugs, they are readily available on the streets. Regulations only impact honest people just like debt cads or whatever. I sent a Xmas give to a friend in Germany last year and they thanked me but added please do not send me anything else. They have to go to customs, wait in in line, and then pay a tax to receive just a gift.

Nov 30 08:11

Work on Extension of EU Sanctions on Russia May Start Within Two Weeks

The Committee of Permanent Representatives in the European Union will start preparing proposals on prolongation of anti-Russia economic sanctions, presumably for another six months, in the next two weeks, sources close to EU heads of state told RIA Novosti Sunday.

Nov 30 07:59

Obama Signs Defense Bill Authorizing $500 Million More In Aid To "Moderate" Syrian Rebels

It's no secret that the US has played an outsized role in facilitating Syria's five-year civil war by funneling money and guns to a hodgepodge of opposition groups. It's also no secret that The Pentagon's latest "train and equip" program was a disaster of epic proportions. But rest assured, if Washington can make it worse, Washington will make it worse, which is why we weren't surprised that the 2016 NDAA authorizes more taxpayer money for the funding of "moderate" Syrian rebels.

Nov 30 07:47

UK Internet Providers Call Controversial Surveillance Bill Impractical

Some $265 million is allotted in the legislation to compensate companies for the extra work needed to record and keep that data, but that’s hardly enough to pay the overhead costs, and what it will take to keep the data secure.

“Even if the hardware costs are met up front, which is the established method for cost recovery, the ongoing costs of storing and looking after that data will still have to come out of individual end-user customer price rises,” James Blessing, chair of the Internet Services Providers’ Association, said before British Parliament’s Science and Technology Committee earlier this month.

The costs involved in keeping Internet records are compounded by the security risks involved, as any large trove of personal information, which is very difficult to separate from the metadata the law requires collecting, is an enticing target for hackers.

Nov 30 07:12

Putin’s Options To End American World Dominance

This American government (Bush-Cheney-Obama) is the most incompetent government that has ever walked the earth. Those people don’t have any sense at all. Just look at what they’ve done. In 14 years they’ve destroyed 7 countries, killed millions of people, and displaced millions of people. And where are those displaced people? They are overrunning Europe… Does Putin need to do anything? We’re doing it all for him. So he doesn’t need to do anything. He’s not going to attack anybody. What does he need to attack anybody for? The idiot Americans are destroying themselves and their allies. This is an amazing fiasco.”

Nov 30 07:11

Black Friday sales 10% less than last year

Nov 30 06:45

WikiLeaks is raising €100,000 reward for the Transatlantic Trade and Investment Partnership 'TTIP'

Nov 30 05:36

Fan Duel Taking Break From Bets

Daily Fantasy football betting site Fan Duel is taking a leave of absence from the web, signs are pointing to the program being fully done with New York in general.

Nov 29 19:34

Keiser Report: American Way! Bail out Bankers

Nov 29 19:33

Revealed: The £91bn in stealth tax rises that mean the Chancellor will hit UK households with a £2k bill over the next five years

George Osborne likes to portray himself as a low-tax Conservative who lets hard-working families keep more of their own money.

But this is only part of the story, and the Chancellor has in fact announced £91billion of tax rises for the next five years since the General Election.

The first and biggest wave of hikes came in the Budget in July and a further £28.5billion were announced in this week's Autumn Statement.

They were only partially offset by £36billion of tax cuts, meaning Osborne has raised the tax burden by £55billion over the five years to 2020-21. That is the equivalent of around £2,000 per household in Britain.

Nov 29 19:32

UK imports surge 5.5% in the third quarter and damage UK GDP growth in the process

A surprise surge in imports - that doubled the UK's trade deficit - has cut 1.5 percentage points of the economy's growth rate in the third quarter, official figures revealed today.

The 5.5 per cent increase in imports meant the trade deficit doubled from £7.7billion to £14.2billion quarter on quarter, the Office for National Statistics' second gross domestic product estimate for the period has revealed. It is the fastest growth in imports in almost ten years, with exports in contrast growing just 0.9 per cent over the quarter.

The latest GDP measure confirmed that the UK economy expanded by 0.5 per cent in the three months to September, down from an expansion of 0.7 per cent in the second quarter.

Nov 29 19:29

Steve Watson checked his energy bill and discovered big firms reap millions of pounds too much - as customers are...OVERCHARGED!

Steve, 70, and his wife Mary, 62, are dual fuel customers of Sainsbury’s Energy, a subsidiary of British Gas.

They signed up to a Fixed Price February 2016 tariff earlier this year, with quoted gas prices of 3.28p per kWh, electricity prices of 9.29p per kWh and standing charges of 26p per day – all inclusive of VAT.

But when Steve carefully examined a bill covering 65 days from the end of February to the end of April, his double-checking came out with a bill 14p cheaper than he was being charged for gas.

He says: ‘I realise the individual impact is small, but across all energy customers it would be huge.’

Nov 29 16:37

The War On Drugs: How the “Land of the Free” Became the “Home of the Slaves” for 2.3 Million Americans

Since the Drug War launched in 1971, the prison population has skyrocketed, locking up Americans and, in particular, African-Americans at an alarming rate, to work for free for corporations. As a society, we really have not changed, we have just found new and creative ways to hide our human rights crimes better.

Nov 29 16:23

NASA-funded study: Over 32 advanced civilizations have collapsed before us, and we’re next in line

Empires Rise, they peak, they decline, they collapse, this is the cycle of history. This historical pattern has formed and is already underway in many parts of the world, including the United States.

Nov 29 15:29

Obama’s new executive order could force convicted criminals into American government positions

Millions of Americans already believe that many federal officials are either criminals or people who engage in what would be considered criminal behavior if a private citizen were to do the same thing. Now, President Obama is set to put pen to an executive order that would place actual convicted criminals in the federal workforce that you pay for with your taxes.

Nov 29 15:18

U.S. Congress giving IRS authority to rescind passports to prevent citizens from leaving the country

That’s right: the Internal Revenue Service will soon be prohibiting people from traveling as free human beings. If an individual is unable or unwilling to pay the amount of money the IRS has determined to take from them, then that individual may not be allowed to travel outside the U.S. This measure has been passed by Congress as part of the highway bill. The bill is intended to force individuals to pay their “seriously delinquent tax debts.”

Nov 29 13:19

American Iraqi Oil Supply Doubling

The amount of oil Iraq supplies to the United States has hit a high in recent months.

Nov 29 13:17

High Definition TV’s Coming With a High Price

High quality TV’s are making their way inside the homes of people around the globe, the bill that comes along with these TV’s is on the verge of getting out of hand.

Nov 29 12:23

US Fed Confused by US Dollar Climb - Bob Hoye

Nov 29 10:01

NASA-funded study: Over 32 advanced civilizations have collapsed before us, and we're next in line

Throughout the 18th century, for example, France was the greatest superpower in Europe, if not the world.

But they became complacent, believing that they had some sort of 'divine right' to reign supreme, and that they could be as fiscally irresponsible as they liked.

The French government spent money like drunken sailors; they had substantial welfare programs, free hospitals, and grand monuments.

They held vast territories overseas, engaged in constant warfare, and even had their own intrusive intelligence service that spied on King and subject alike.

Of course, they couldn't pay for any of this.

French budget deficits were out of control, and they resorted to going heavily into debt and rapidly debasing their currency.

Stop me when this sounds familiar.

Nov 29 08:59

"On The Cusp Of A Staggering Default Wave": Energy Intelligence Issues Apocalyptic Warning For The Energy Sector

The US E&P sector could be on the cusp of massive defaults and bankruptcies so staggering they pose a serious threat to the US economy. Without higher oil and gas prices — which few experts foresee in the near future — an over-leveraged, under-hedged US E&P industry faces a truly grim 2016. "I could see a wave of defaults and bankruptcies on the scale of the telecoms, which triggered the 2001 recession."

Nov 29 08:58

Meanwhile In Greece, The Price Of A Prostitute Drops To €4 Per Hour

They sell sex for a piece of bread – so to say – “in order to eat or cover basic needs and extra expenses as they have no money,” The Times and Lazos on The Times claim. “80% of prostitutes in Greece are Greek women aged 17 to 20”. The price for sex has dramatically decreased from €50 euro for 60 minutes down to “€2 for half an hour.“

Nov 29 08:42

Deutsche Bank Stops Taking On Some Clients During Review

While the review is under way, the bank will “suspend the on-boarding of new clients and the introduction of new products to existing clients in certain locations that have higher risk weightings,” Cryan said in a staff memo posted on the bank’s website late Friday. The Frankfurt-based lender said it won’t begin to work with new customers until it has completed all procedures requiring the bank to know its clients.

Webmaster's Commentary: 

There continue to be indications that Deutsche Bank is in serious trouble and may be bankrupt.

Nov 29 07:24

France Shutting Down Prepaid Debt Cards

France is using the terror attack as the excuse now to shut down pre-paid debt cards. Terrorists can circumvent any restriction. It is like gun control. Criminal do not buy guns at a store.