ECONOMY

Apr 16 17:28

Hyperinflation - Joseph T. Salerno, Mises

Apr 16 16:02

Ode to Harry Reid

Ode to Harry Reid

Humor/Satire

by Zen Gardner - Apr 15, 2014
15 127
Here’s to you, Harry….

Harry Reid, you bastard, yes all are agreed

Your concerns for us all are so bullshit indeed

How such a douchebag can have this control

Reminds me of one thing, a thing called a troll

You’re clearly all in it for personal gain

A financial windfall or power regained

You couldn’t be lower on the evolutionary chain

And yet you keep at it, Harry, again and again......

Apr 16 13:44

The government is coming after you…even if you did nothing wrong.

You never think about physical therapists as being a danger to society, or the country, but that’s the new campaign spearheaded by Medicare and the government.

Physical therapists are the “flavor of the month” in the government’s pursuit for more monies in this never ending saga of Medicare running out of money. Considering that these fines are running into the millions and possible prison sentences, this “fight against fraud” has become a very serious matter for our profession.

Apr 16 13:32

Matt Taibbi: The Super Rich Have Become 'Untouchables'

Earlier this month, attorney James Kidney, who was retiring from the Securities and Exchange Commission, gave a widely reported speech at his retirement party. He said that his bosses were too, quote, "tentative and fearful" to hold Wall Street accountable for the 2008 economic meltdown. Kidney, who joined the SEC in 1986, had tried and failed to bring charges against more executives in the agency’s 2010 case against Goldman Sachs. He said the SEC has become, quote, "an agency that polices the broken windows on the street level and rarely goes to the penthouse floors. ... Tough enforcement, risky enforcement, is subject to extensive negotiation and weakening," he said.

Well, for more, we turn to our guest, Matt Taibbi, award-winning journalist, formerly with Rolling Stone magazine, now with First Look Media. His new book is called The Divide: American Injustice in the Age of the Wealth Gap.

Webmaster's Commentary: 

Remember that kid who while drunk driving killed a bunch of pedestrians and was spared prison because his lawyer said his privileged upbringing and all that money had harmed his ability to deal with the world in a respectful way? It was called the "Affluenza defense."

Apr 16 13:31

Feds accused of leaving trail of wreckage after Nevada ranch standoff

Feds Destroyed Water Lines, Fences, Water Tanks, Killed Two Prized Bulls During #BundyRanch Standoff

"They had total control of this land for one week, and look at the destruction they did in one week," said Corey Houston, friend of rancher Cliven Bundy and his family. "So why would you trust somebody like that? And how does that show that they're a better steward?"

Apr 16 13:26

Taxation Without Consideration

Apr 16 12:45

Russian economy hit by Ukraine fallout; 0% growth in 2014 possible

Russia's economy has been hit hard by the Ukraine crisis, prompting finance officials to cut growth forecasts for this year to near zero and draining the country's hard currency reserves as investors flee an uncertain market, Kremlin officials disclosed Wednesday.

Apr 16 12:41

"Shocking" rise in food parcel handouts in UK blamed on welfare reforms

Britain's largest food bank provider, the Trussell Trust, says it has handed out more than 900,000 food parcels in the last year, up from 350,000 the year before, a rise it calls "shocking". The Trust has blamed rising prices and government changes to the welfare system for some of that increase, saying delays in providing payments mean people are going hungry.

Apr 16 12:30

Italy's poor forced to live in squats / Clashes as Rome police move to evict squatters

Italy's recession, the worst since World War II, has had a devastating effect on many ordinary Italians, squeezed hard by tax rises and an alarming unemployment rate, currently at a record 13 percent. The country's traditional family support network has come under increasing strain, and rights groups say more should be done to turn the capital's unused public offices and empty army barracks into council houses.

Clashes broke out at an abandoned office block in Rome on Wednesday as scores of riot police moved to evict some 350 poor families who had occupied the building because of a chronic housing crisis in the city.

Apr 16 12:13

Why Are Top Entergy Executives Selling Their Own Stock?

Tuesday, GreenWorld broke the story of a recent pattern of stock sales by top executives at Entergy, the nation’s second-largest operator of nuclear power stations. The CEO, CFO, Chief Accounting Officer, and Senior VPs for Government Affairs and Human Resources have all sold large amounts of their stock in Entergy, with CEO Leo Denault unloading over 55% of his shares in December and CAO Alyson Mount selling 46% of hers on April 9.

Apr 16 12:08

FALLOUT SHELTER / You Will Need One

Apr 16 11:46

Bryan Fischer tells poor people: ‘Kiss the ground’ beneath the richest 1 percent

Bryan Fischer, the director of Issues Analysis for the fundamentalist American Family Association (AFA), said on Tuesday that people who used welfare and other government services needed to “kiss the ground” beneath the richest 1 percent of Americans.

Webmaster's Commentary: 

It was those 1% money-junkies that PUT those Americans on food stamps and welfare!

Apr 16 11:30

The Mass Marketing Campaign For World War III

Published on Apr 16, 2014

The establishment has begun a new mass marketing campaign for World War III, equating Vladimir Putin with Adolf Hitler.

The fact that the current crisis in Ukraine was instigated by a US-backed coup which toppled a democratically elected government has been conveniently forgotten.

Apr 16 11:28

Even The US Government Will Abandon The Dollar

Jeff Berwick
Activist Post

For millions it is already too late.

They won't realize the geopolitical winds which are now blowing. Off in their own lala land, the average American will be focused on sports, celebrities, what the right amount of stealing (taxes) in society is, gay rights, which foreign countries "we" should bomb next, the first woman president, and so on and so forth, while their livelihoods are sacrificed in the name of the US government.

They will wake up one morning, and their prospects will be gloomier than they are now. Don't think such a thing happens? This exact thing just happened in the Ukraine. Devastation. People wake up one morning and suddenly everything they had worked so hard for is gone. "Oh, but that's Ukraine!" you might say. "Not here in the US."...

Apr 16 11:08

Report: Bedroom tax has left 50 per cent of tenants in arrears - but savings aren't being made

The study said the “bedroom tax” and wider welfare reforms introduced by Iain Duncan Smith, the Work and Pensions Secretary, were forcing tenants to choose between “heating and eating.” Three in four had cut back on food bills. “Tenants are experiencing poverty, anxiety, debt and health problems. Food banks are becoming essential. People rely on family and friends for help. Tenants and landlords expect evictions to rise,” it said.

Apr 16 11:04

Britain's hunger crisis: One MILLION food parcels handed out despite UK having sixth richest economy

Campaigners last night demanded David Cameron scrap his savage welfare reforms after the number of emergency food parcels handed out soared to more than a million.

Furious anti-poverty groups and church leaders said it was beyond belief that people in 21st century Britain are going hungry and relying on charity.

The number of food parcels given out last year by the Trussell Trust alone nearly tripled from 346,992 to 913,138. And 330,205 of those went to children.

Apr 16 11:03

Banks rip-off: £3bn overdrafts bill to be probed - it can be cheaper to take out payday loan

Watchdogs are to investigate the £3billion-a-year banks rake in from rip-off overdraft rates.

More than a third of the money banks make from current accounts comes from interest and charges when customers go overdrawn.

Research shows going over the limit can work out more expensive than borrowing from payday lenders.

Apr 16 10:59

Top 17 Reasons To Own PHYSICAL Gold Right Now

Apr 16 10:58

Cash-rich global firms face calls to crack open war chests to prop up the global economy

Impatient shareholders are calling on the world’s top firms to start spending some of the eye-popping $2.8 trillion in cash built up since the financial crisis, as analysts warn that their thriftiness could be holding back global growth.

The combined war chests held by companies including Apple, Google and Samsung — roughly equivalent to the size of France’s economy — has swelled since the 2008 global downturn hammered stock markets and saw nervous firms pinching their pennies as they waited out the storm.

But even as markets bounced back and business confidence recovered, the cash piles kept growing.

Apr 16 10:51

BRICS countries to set up their own IMF

Very soon, the IMF will cease to be the world's only organization capable of rendering international financial assistance. The BRICS countries are setting up alternative institutions, including a currency reserve pool and a development bank.?

The BRICS countries (Brazil, Russia, India, China and South Africa) have made significant progress in setting up structures that would serve as an alternative to the International Monetary Fund and the World Bank, which are dominated by the U.S. and the EU. A currency reserve pool, as a replacement for the IMF, and a BRICS development bank, as a replacement for the World Bank, will begin operating as soon as in 2015, Russian Ambassador at Large Vadim Lukov has said.

Webmaster's Commentary: 

"You can't DO that!!!!!" -- Official White Horse Souse

Apr 16 10:50

Income Inequality Institute Will Pay Paul Krugman $25,000 Per Month

Apr 16 10:38

Phantom Gold Inventories: Has The Comex Already Defaulted?

However, as investors were liquidating 10’s of millions of ounces of what the bankers call “gold”; the Comex’s gold inventories didn’t rise by 10’s of millions of ounces. In fact those inventories didn’t rise at all – they collapsed. This seemed to indicate that investors were redeeming their GLD paper, and extracting real, physical gold to replace it.

Recent evidence, however, suggests an entirely different interpretation of the precisely synchronized collapse in holdings of the banksters’ paper-called-gold and “official” Comex inventories.

Apr 16 10:32

GM Seeks Lawsuit Protection For Conduct That Occurred Before 2009 Bankruptcy

General Motors revealed in court filings late Tuesday that it will soon ask a federal bankruptcy judge to shield the company from legal claims for conduct that occurred before its 2009 bankruptcy.

Webmaster's Commentary: 

Under our current fascist government, they will probably get it!

Apr 16 10:09

In Many Cities, Rent Is Rising Out of Reach of Middle Class

In Miami, average rents consume 43 percent of the typical household income, up from a historical average of just over a quarter.

Apr 16 09:19

Mega oil field discovered in southern Russia

Ah! So!

A new oil field with roughly 300 million tons of oil and 90 billion cubic meters of gas has been discovered in the Astrakhan region of Russia.

“The field’s reserves are unprecedented, this discovery confirms the high potential of the Astrakhan region in terms of these major discoveries,” Sergey Donskoy, Russia’s Natural Resources Minister said on Wednesday.

Apr 16 08:53

Gold is moving West to East...What is the World Trying to Tell Us?

Everyone knows that the sun rises in the East, moves across our skies, and sets in the West. Over the past few years, gold buying has also been rising in the East and moving in an extraordinary migration away from Western banks and out of the hands of Western investors. Central Banks in the Far East, the Middle East and Russia have been stockpiling physical gold … as the West has held onto stakes of paper ETF’s, futures contracts, and the unbacked dollar.

Webmaster's Commentary: 

But when the US Ponzi scheme collapses, rest assured the corporate media will say it was all an evil Chinese plot!

Apr 16 08:48

Glaring Q.E. Failure Spotted

Money Velocity continues to fall rapidly in both the USEconomy and that of Canada, reaching 50-year lows in the Untied States. The indication is failure in monetary policy, as hyper inflation has killed capital on an extensive basis. The capital destruction is in its fourth year, probably having reached critical mass. Compared and contrasted with fast rising money supply, the systemic failure is obvious to conclude. The exception is to morons, Wall Street junkies, Big Bank criminal elite, and USGovt hacks. The fast decline in Money Velocity means that it is not moving in the body economic. The reason is simple. The blood system is contaminated with the USDollar, a toxic currency with no backing in a hard asset. The new money is toxic currency under phenomenal debasement by its own steward, the USFed itself. They redouble their harmful policy instead of abandoning it.

Apr 16 06:39

Bank of America Swings to Quarterly Loss on Legal Costs

Bank of America swung to a first-quarter loss of $276 million, as legal expenses related to the financial crisis mounted.

The bank said on Wednesday that its litigation expenses increased to $6 billion in the quarter

Apr 16 05:44

France is the new cauldron of Eurosceptic revolution

Britain is marginal to the great debate on Europe. France is the linchpin, fast becoming a cauldron of Eurosceptic/Poujadist views on the Right, anti-EMU reflationary Keynesian views on the Left, mixed with soul-searching over the wisdom of monetary union across the French establishment.

Marine Le Pen’s Front National leads the latest IFOP poll for the European elections next month at 24pc. Her platform calls for immediate steps to ditch the euro and restore the franc (“franc des Anglais” in origin, rid of the English oppressors), and to hold a referendum on withdrawal from the EU.

Apr 16 05:16

BREAKING NEWS : TTIP a major change in EU/US relations

Brought to you by WTF News :)

Apr 16 04:55

Ukraine SITREP April 15, 18:30 EST update 1 (Ukrainian civil war day 1)

The Ukrainian military is told that it has to stop "terrorists". Regardless of whether they believe it or not, the Ukrainian commanding officers are more or less willing to execute that order. What they seem to be unwilling to do is kill many civilians or, even less so, take a city by force. So they stop in the outskirts and conduct very tense and unpleasant dialog with very hostile and suspicious civilians.

The Ukrainian security services are probably more willing to shoot civilians, but they seem to be really weary of entering the rebel cities, and I can't blame them. Unlike most of the barricades around the cities which are manned with civilians (including women and senior folks), some barricades and buildings inside the city are defended by armed men, some definitely with military experience, and supported by many civilian demonstrators. Any SBU force seen shooting civilians risks being killed by a lynch mob.

Apr 15 23:31

The Global Banking Game Is Rigged, and the FDIC Is Suing by Ellen Brown

Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps; and the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it.

Apr 15 21:01

Fighting back against corporatocracy and Big Monopolies

"Freedom" and "democracy" are useful words, but very bankrupt: useful because they serve to advance imperial/corporate agendas, bankrupt because they are empty vessels perennially co-opted.

When illegal coups are orchestrated to overthrow democratically elected governments in Venezuela, Honduras, Ukraine or elsewhere, the lies of freedom and democracy are seamlessly attached to the criminal acts.

"Freedom" and "democracy" are still cloaking, tacitly or overtly, mass murder and genocide in Iraq, at this moment.

As long as the masses are fooled, conquest and regime change, not democracy and freedom, are enabled and perpetuated. Illegal coups and wars of aggression are about imperial control, setting up puppet dictators and the imposition of neoliberal economic business models for the corporate extensions of the invading nations.

Apr 15 20:02

The Slow Death Of The Old Global Order:

What’s most troubling about all this is that today’s national leaders seem utterly lacking in any serious consciousness of just how dangerous the global situation is

Apr 15 17:21

Meltdown America: A Warning From Survivors

Jeff D. Opdyke
Activist Post

“Those who cannot remember the past are condemned to repeat it.” — George Santayana

There’s a perception in our country that America is so exceptional that the trials and tribulations — and outright social catastrophes — that rock other countries in the world simply cannot happen on our shores. We’re the biggest, the strongest, the richest. We are America. And we have divine immunity.

Ahh, the power of the mind to mask the facts we refuse to accept...

Apr 15 16:54

The Obamacare Taxman Cometh (Again)

The latest and greatest Affordable Care Act revenue raisers include an excise tax on medical devices, an increase in the Medicare payroll tax from 2.8 to 3.8 percent for couples earning more than $250,000 annually, and limits on flexible spending accounts.

This chart from the Heritage Foundation is slightly older, so its totals aren't quite up to the minute, but it gives you an idea of the tax hikes included in the law, the dates they go into effect, and the amount of revenue they are expected to raise.

Webmaster's Commentary: 

If there are these huge tax increases to pay for Obamacare, then why did the insurance rates skyrocket and the deductibles go through the roof?

Someone is making a ton of cash on this deal!

Apr 15 16:36

Flashback: Insider: CIA Orchestrated Operation Fast and Furious -gov allowed Mexican drug cartel to import tons of cocaine

August 2011

Washington Times journalists Robert Farago and Ralph Dixon cite a “CIA insider” to make the claim that Operation Fast and Furious was a Central Intelligence Agency-orchestrated program to arm the Sinaloa drug cartel, a group that was also given the green light to fly tons of cocaine into the United States.

Apr 15 16:32

RIP Mike Ruppert

On November 15, 1996, there was a town meeting in Los Angeles on allegations of CIA involvement in drug trafficking. Former Los Angeles Police Narcotics Detective Mike Ruppert seized the opportunity to confront then CIA Director John Deutch

related: MUST SEE

CIA Drug Ops Conspiracy-Unaired Documentary

Apr 15 16:17

The IRS is said to be data mining Facebook, Instagram, Twitter, and other sites for info that could come handy in audits.

"It seems they may be using predictive analytics," University of Pennsylvania's Annenberg School of Communication Professor Joseph Turow told Marketplace.

Apr 15 14:13

Making Money the Measure of Politics – The US Supreme Court is Pushing Forward the Legalization of Bribery

U.S. pundits decry countries like Iran as undemocratic for having a screening process for candidates to high office. But U.S. politicians must pass muster with wealthy donors to be considered serious candidates, a system that the Supreme Court just made worse.

Apr 15 12:32

Comex Lies, Manipulates The Price Of Silver

Silver, along with gold has been manipulated for years, if not decades.

This news comes as no surprise to those who have invested in the precious metals market.

We know that those who would like to see the metals lowered are able to sell unlimited amounts of “paper contracts” in an attempt to artificially push the price lower in the short term.

Apr 15 11:45

Social Security, Treasury Stealing Every Last Penny From Americans

Jeff Berwick
Activist Post

All of a sudden the government lays claims to your savings. They can't prove you owe them a dime, but you're deprived due process. The legal bills become overwhelming, and so you let your money be stolen. You simply have no choice.

Sound outlandish? It's not. Not in the "Land of the Free" at least.

For example, the US government began intercepting Mary Grice's tax refunds without any warning this tax season. Grice was unaware of the situation until she got a letter stating that her refund had gone to satisfy old debt to the government. Very old debt...In fact, debt she didn't even know about...

Apr 15 10:46

The Death of Money with Jim Rickards

Apr 15 09:59

EXCLUSIVE: FBI blocked in corruption probe involving Sens. Reid, Lee

Agents quietly working with Utah prosecutors to make case in DOJ absence

Apr 15 08:46

Industry physician: "Gardasil will be the greatest medical scandal of all times"

by Sandy Lunoe

The temperature of the heated controversy concerning Gardasil was recently raised even more when Dr. Bernhard Dalbergue (France), former pharmaceutical industry physician with Merck, recently predicted that the vaccine will become the greatest medical scandal of all times.

In an interview in the April 2014 issue (no. 66) of the magazine Principes de Santé (Health Principles), Dr. Dalbergue, who has worked for over twenty years with the industry, describes the widespread corruption and his concern that the health of patients is sacrificed on the altar of profitability...

Apr 15 08:13

The IPO Scam & Why Stock Fundementals Lie

Apr 15 07:56

Predictably, Central Bankers Suggest the 'S-Word' ... Securitization

So Europe's central bankers have decided that the only way to revitalize the European economy – especially Southern Europe – is via securitization of assets.

This we learn from Jeremy Warner, assistant editor of The Daily Telegraph, and author of the article excerpted above. Is it possible that Mr. Warner did not think up this thesis all by himself?

Is it possible that it was, ahem ... suggested to him?

Apr 15 07:53

Axel Merk. "Too Much Debt."

Apr 15 07:38

Palladium Soars to 32-Month High On Supply Fears

Together, Russia and South Africa make up nearly 80% of the world’s palladium supplies. Given the current instability, investor concerns are primarily on the supply side.

Apr 15 07:28

Close the Billionaire Tax Loophole

If our leaders want to balance the budget, here’s a suggestion: Congress can scrap a new “Paris Hilton” giveaway that’s draining billions of federal tax dollars.

This giveaway takes the form of a complex tax loophole designed to circumvent the federal estate tax, one of the few ways a democratic society can reduce extreme wealth inequality.

The estate tax is a levy on inheritances that multi-millionaires and billionaires leave behind when they pass away. It affects only the wealthiest two out of every thousand U.S. taxpayers — individuals with at least $5.34 million to their name, or $10.68 million for a couple.

Apr 15 07:22

Are You Aiding and Abetting the IRS?

Jamie Lee
Activist Post

"Aiding and abetting is an additional provision in United States criminal law, for situations where it cannot be shown the party personally carried out the criminal offense, but where another person may have carried out the illegal act as an agent of the charged, working together with or under the direction of the charged party, who is an accessory to the crime."

If you drive a car, I’ll tax the street,
If try to sit, I’ll tax your seat,
If you get too cold, I’ll tax the heat,
If you take a walk, I’ll tax your feet,
~’Taxman’ George Harrison

“The hardest thing to understand in the world is the income tax.” Albert Einstein

Apr 15 07:19

Meet the secretive electronic trading pool Goldman Sachs is considering dumping

It launched the platform in 2006 with the idea of creating its own alternative trading system that could discreetly match buyers and sellers of big blocks of securities without widely publishing the bid and ask

Apr 15 07:16

Triple Whammy Shocker: Goldman Shutting Down Sigma X?

Back on March 21, before the release of Michael Lewis' Flash Boys and before the infamous 60 Minutes interview, when Goldman COO Gary Cohn wrote his infamous WSJ Op-ed bashing HFT, it was clear that something was afoot. That something became promptly clear when it was revealed that Goldman is among the core backers of the pseudo dark-pool IEX exchange popularized as the protagonist in Flash Boys, and juxtaposed to the frontrunning, and faceless, HFT antagonist that Lewis maanged to demonize so well in the span of a few hundred pages, he promptly provoked a renewed investigation by the FBI, the SEC and DOJ into HFT.

Apr 15 07:11

3 Months After Pot Legalized - Denver Property crime is down- Violent crimes are down

Three months following Colorado's decision to legalize the production, sale, possession and use of recreational marijuana — a vote that Denver city officials including Mayor Michael Hancock, among others, fought kicking and screaming — guess what's happened to Denver crime rates in 2014?

Apr 15 07:04

Oligarchy, not democracy: Americans have ‘near-zero’ input on policy – report

The first-ever scientific study that analyzes whether the US is a democracy, rather than an oligarchy, found the majority of the American public has a “minuscule, near-zero, statistically non-significant impact upon public policy” compared to the wealthy.

Webmaster's Commentary: 

This is called (especially today) "Taxation without representation" and I was taught in grade school that this is a good reason to fire the government.

Apr 14 22:42

Spanish builders made 'slaves' by German firm

Wages below the legal minimum, contracts in a language they don't understand and blackmail tactics to keep them quiet: just some of the problems a group of Spanish builders in Holland contracted by a German firm have decided to speak out.

Apr 14 17:10

America: Freedom to Fascism - Full

Webmaster's Commentary: 

If you have not watched this, watch it now, then share it with everyone you know.

Apr 14 17:08

The Great Decoupling: How the West is Engineering its Own Downfall

James Corbett
Activist Post

Reports out of Moscow indicate that Russia is on the verge of signing the “holy grail” of gas deals with China. The deal between Russian state-owned gas firm Gazprom and Beijing would see as much as 38 billion cubic meters of natural gas per year flowing through the first proposed Russia-China pipeline by 2018. The agreement has apparently been in the works for years, but recent events on Moscow’s western flank (read: the Ukrainian situation) has moved the timetable on the plan up dramatically, with the last sticking point being the price. If the deal is signed next month during Putin’s state visit to China, as many analysts are speculating will happen, it will be a significant event not only economically, but geopolitically...

Apr 14 14:11

This Chart Shows Us How Bad The Economy Really Is: “Flashing Red Warning”

Recent weeks have led to a fairly significant drop in stock valuations, with many expert analysts struggling to figure out exactly why it’s happening. You’ll hear them cite the weather, or market overreaction, or any number of reasons for why stocks have seen their share prices reduced and why they’ll be rebounding in the near-term.

What they won’t show you on mainstream financial channels is what’s really happening behind the scenes.

Forget about all the minute-by-minute noise for a moment and take a look at the following chart. It gives a very simple overview of earnings growth trends for stocks listed on the S&P 500 on a quarterly basis.

Last year saw what analysts would call fairly robust growth, and they had no problem citing these numbers for evidence of economic recovery.

We’re curious what they’d call it now, considering this chart shows a massive collapse in earnings per share growth across the board.

Apr 14 14:03

Google Beats Facebook to Acquire Solar Drone Company

Nicholas West
Activist Post

I previously reported on Facebook's interest in Titan Aerospace, a solar drone company that could presumably facilitate a truly World Wide Web that would cover the globe with a blanket of aerial communication.

It now appears that Google has taken the lead, purchasing the company for what some speculate is more than the initial price of $60 million dollars that was being considered by Facebook.

Business Insider has provided some of the known details about how Google might use this new acquisition...

Apr 14 13:00

CBO Issues Dire Debt Warning of 'Fiscal Crisis'

New figures by the Congressional Budget Office released on Monday reveal that over the next 10 years the U.S. debt-to-GDP ratio will double to 78%.

Webmaster's Commentary: 

But that is based on the official claim that the debt is just $17 trillion. But the real debt, including unfunded mandates, is actually above $220 trillion.

Apr 14 12:55

The Global Banking Game Is Rigged, and the FDIC Is Suing

Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps; and the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it.

Apr 14 12:43

Germany shuts scheme for young unemployed because of overwhelming demand

Germany said on Monday it would no longer accept applications for a programme to attract young Europeans to its job market due to overwhelming demand from crisis-ravaged countries.

Apr 14 12:20

Is This New Device a Solution for Free Clean Drinking Water?

by Kevin Samson

Fresh water supplies are under assault on multiple fronts. Front page news at the moment are the effects of the ongoing droughts in California 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. At the heart of this initiative to make water a commodity is Nestle, whose former CEO clearly stated that water supplies should be privatized and that the right to fresh, clean water is not an essential human right. It becomes a dangerous possibility that companies such as Nestle would hoard supplies in order to artificially increase demand...

Apr 14 12:17

Romanian villagers take on Chevron over fracking

US energy major Chevron, shielded by barbed wire, under police protection and under fire from egg throwers, is in trouble in Romania with villagers angry at its drive to drill for shale gas.

Opposition is fierce in the tiny remote village of Pungesti near the border with Moldova which has become a symbol of hostility to the environmentally controversial techniques of extracting shale gas.

Apr 14 11:57

14 Common Food Storage Mistakes and Goofs

by Gaye Levy

Waste is not in my vocabulary. Even before it was considered environmentally responsible to recycle, I would snatch paper out of the trash and re-use the back side before sending it off to the trash bin. The same thing applied to food. I simply hated to waste those bits and scraps of leftovers and eventually found a use for them in what I call “garbage soup”. To this day, the dibs and dabs of leftovers are combined to make the most delicious soups you can imagine.

For many of us, an aversion to being wasteful is the a result of having too little money in our younger days. Like many of you, I have worked from the time I was a teenager and never took anything I had for granted. Scrimping and saving for rainy days is ingrained in my DNA.

Apr 14 11:30

Iran Inaugurates Direct Shipping Line to China

"Direct transportation of goods between Bandar Abbas port and Dalian and Lianyungang ports in China and vice versa provides better services and create competitive advantages for the cargo owners," Managing-Director of the Islamic Republic of Iran Shipping Lines Company for Transportation with Containers Captain Hamzeh Keshavarz said.

"Decreasing the time of transit, cancelling the feeder and transshipment operations, reciprocity fees and the possibility to present lower prices, direct supply of goods from Dalian customs office and persuading cargo owners in Iranian ports to ship their commodities through the national container line are among the advantages of the inauguration of this line," he added.

Iranian and Chinese officials have on several occassions underlined the need for the further expansion of bilateral relations and exchanges, specially in trade fields.

Apr 14 11:04

Europe drafting joint response to Putin's message

The draft of a joint response to the letter of Russia's President Vladimir Putin on the situation involving Ukraine's debt for Russian gas will be prepared on Monday, April 14, Poland's Foreign Minister Radoslaw Sikorski said.

Apr 14 10:49

"Give Me Your Sandwich" Great Explanation of ObamaCare

Dinesh D'Souza & Michael Shermer in debate at Oregon State University. Questions from the student body regarding Universal Health Care / ObamaCare.

Apr 14 10:41

What is Money? | Mark Thornton

Apr 14 10:20

Taxi Companies Sue For Protection From Ridesharing Smartphone Apps

Taxi industry has gone to courts to protect their monopoly.

My City, Columbus OH suing them as well

Where are the green weenies?

Apr 14 10:18

Obama has Proposed 442 Tax Hikes Since Taking Office

Since taking office in 2009, President Barack Obama has formally proposed a total of 442 tax increases, according to an Americans for Tax Reform analysis of Obama administration budgets for fiscal years 2010 through 2015.

The 442 total proposed tax increases does not include the 20 tax increases Obama signed into law as part of Obamacare.

Apr 14 10:06

Paul Buchheit: The United States Presides over a World Ruptured by Economic Inequality

Paul Buchheit, a progressive American writer and activist, says that economic inequality is growing in the United States on a daily basis while the U.S. government continues to spend enormous amounts of money on military expeditions across the world.

Apr 14 09:57

Sen. Bernie Sanders: Americans are losing faith in the political system

Vermont U.S. Senator Bernie Sanders warned that a growing number of Americans were losing faith in the political system at a New Hampshire site that often hosts presidential primary debates. But he said he is “many, many months” away from deciding on a White House run.

Webmaster's Commentary: 

No, Senator Sanders: we have already completely lost faith in a system which is of the corporations, by the corporations, and for the corporations.

No one in Congress gives a damn about their alleged constituents, but they always have time for the corporate representatives which fund their election cycles.

Were I much younger, with a good skill set, I would be working as diligently as humanly possible to get the hell out of the country right now, because, sir, we both know what is coming, courtesy of lousy US domestic, fiscal, and foreign policies; either a world war, or a complete collapse of the US economy.

Apr 14 09:37

Dumping the Dollar: Russian oil firm Gazprom Neft says Asian buyers willing to use euros

Russian state-controlled oil producer Gazprom Neft said it had received positive responses from Asian clients about the possibility of using euros as a settlement currency instead of the dollar.

Company head Alexander Dyukov said this week Gazprom Neft had broached the idea of dropping the dollar, traditionally the currency of choice for the global energy sector, in response to a possible new round of Western sanctions over Russia’s annexation of Crimea.

He said the company had discussed with buyers the possibility of switching contracts to euros and that 95 percent had said they were ready to do it. Gazprom Neft ships around 30,000 barrels per day of oil eastward.

Webmaster's Commentary: 

The Russians may well crash the US economy and the US dollar without firing a shot, if this moves forward.

Apr 14 09:37

How To Get a Job Despite the Economy

An entire new feedback loop of accreditation is necessary in the economy we have, and fortunately that feedback is within our individual control.

And what characterizes the economy we have?

It's bewildering because nothing works like it's supposed to. For example, getting a college degree was supposed to guarantee a good job and an 80% lifetime wage premium over people without college degrees.

Apr 14 08:18

Lawmakers, Utah sheriffs want to rein in renegade BLM, Forest Service officers

SALT LAKE CITY — Multiple rural county sheriffs from Utah testified Thursday about the abusive use of police power by Bureau of Land Management rangers or forest protection officers with the U.S. Forest Service.

They are asserting it is time to rein in the authority the agencies should have never been allowed to exercise.

Apr 14 08:06

Overflowing U.S. Private Prisons, by the Numbers (w/Infographic)

Joe Wright
Activist Post

The predatory corporate prison enterprise aims to privatize profits and socialize losses. This combination has led to a situation where correctional facilities have only one incentive: ensure that new bodies arrive as fast as possible, and keep them in a state of indentured servitude for as long as possible.

As you'll see, the bodies are indeed arriving quickly to fill the coffers of those who are reaping massive profit from caging as much of the public as they can get away with...

Apr 14 07:58

Insiders Tell All: Both the Stock Market and the SEC Are Rigged

Since bestselling author Michael Lewis appeared on 60 Minutes on March 30 to promote his new book, “Flash Boys,” and explained how the U.S. stock market is rigged; and Brad Katsuyama, the head of IEX, an electronic trading platform who plays a central role in the Lewis book, did the same on CNBC a few days later, the debate has gone viral.

But Lewis and Katsuyama were not the first to blow the whistle on rigged U.S. stock markets. Sal Arnuk and Joseph Saluzzi, Wall Street insiders and co-founders of Themis Trading LLC literally wrote the book on “Broken Markets” in 2012 and have been exposing details of the rigging on their blog ever since.

Apr 14 07:52

Jim Rickards: Money Printing Will Destroy Confidence At Some Point

In a recent online presentation organized by bullion service provider GoldCore, Jim Rickards explained the current economic environment and what it means to gold investors. His main premise is that central bank intervention is very destructive in the long term and that there is no economic recovery. Gold investors should keep part of their wealth in physical form, not as an investment, but rather as wealth protection.

Apr 14 07:52

Russia Hints At Ushering In A New Gold Backed Ruble

This action comes in response to JPMorgan entering the economic battlefield and blocking Russian wire transfers.

Apr 14 07:48

BLM Selling Out America

Real estate expert Fabian Calvo thinks the recent standoff between the Bureau of Land Management (BLM) and Nevada cattle rancher Cliven Bundy is about much more than grazing rights. Even though this standoff is over, we find out It’s really about sweetheart deals for federal land. Calvo says, “The hair on the back of my neck stood up when I was doing research for this and speaking to some of my contacts on Wall Street. The BLM is part of the Department of the Interior, and look at what they have been doing? Through the BLM, the Department of the Interior has been confiscating land and going after land, for example, in the high desert in California and all over the place. What I am hearing is they are categorizing this land for future collateralization or to sell off. In the Weimar (Germany) hyperinflation, after the hyperinflation, what did they back their currency with? They backed it with mortgages and they backed it with land.

Apr 14 07:47

Reports: Company Tied to Reid's Son Wants Land in Bundy Standoff

The Nevada rancher who forced the federal Bureau of Land Management to back down last week may have been targeted because a Chinese solar company with ties to Sen. Harry Reid's son wants the land for an energy plant, several websites report.

Apr 14 07:47

Australian shares are being manipulated, say researchers

Market manipulation appears to be rife on the Australian sharemarket when compared to other major markets around the world, according to the country's leading market researchers.

The dramatic price spikes which occur just before the markets close at 4pm – the strongest proxy of market manipulation – are being used to boost bonuses for rogue fund managers, the researchers claim.

Apr 14 07:45

Russia Declares War on U.S. Dollar

Through Gazprom, Russia is openly declaring war on the U.S. dollar and its long-standing role as the settlement currency in global oil transactions. Ukraine is yet another proxy war for the U.S. and Russia. Now, however, the long knives are coming out.

Apr 14 07:32

Secret anti-BDS meeting held in UK capital

The British capital has hosted a secret meeting attended by 25 countries to counter international calls to boycott Israeli regime’s products.

The meeting, which was held in London this week, lasted for three days and was attended by UK's former Parliamentary Undersecretary of State for Foreign and Commonwealth Affairs Alistair Burt and the Israeli Intelligence Minister Yuval Steinitz, UPI reported on Friday.

The report said the participants included the United States, Australia, and Canada, in addition to a number of European states.

Apr 14 07:27

Another Phony Budget Debate

Anyone watching last week's debate over the Republican budget resolution would have experienced déjà vu, as the debate bore a depressing similarity to those of previous years. Once again, the Republicans claimed their budget would cut spending in a responsible manner, while Democratic opponents claimed the plan's spending cuts would shred the safety net and leave vital programs unfunded. Of course, neither claim is true.

The budget does not cut spending at all, and in fact actually increases spending by $1.5 trillion over ten years. The Republicans are using the old DC trick of spending less than originally planned and calling that reduced spending increase a $5.1 trillion cut in spending. Only in DC could a budget that increases spending by 3.5 percent per year instead of by 5.2 percent per year be attacked as a "slash-and-burn" plan.

Apr 14 07:20

Russia, Kazakhstan and Belarus to have new joint currency by 2025

In May 2014, presidents of Russia, Kazakhstan and Belarus will sign an agreement on the establishment of the Eurasian Economic Union. Sections 9 and 11 the agreement, the draft of which is available on the official website of the Russian Ministry for Economic Development, are devoted to the joint monetary policy and financial markets. During the first stage, it is planned to set up an advisory board of the heads of central banks of participating states. The banks would be responsible for the rate of national currencies, regulation of banking and insurance activities and the harmonization of the securities market.

Apr 14 06:56

Greece: Can It Get Even Worse?

While the German public opinion, courtesy of the debate in the run up to the next political elections, is discovering the fact that Greece will be needing a third bail out, a team of economists from the US – based Levy Institute describes how things look like from the side of Greece.

The Levy Institute economists start by observing that the changes in government revenue and expenditure which are projected for the next years in the latest troika reports are far too optimistic. The key problem is that the internal devaluation of wages is not working and will not produce export growth any time soon. This implies that the scenario the troika is counting on will not materialise: Employment and unemployment trends will not turn the corner shortly and the public deficit will not be reduced down to near zero by 2016.

Apr 14 06:10

The Bears Are Back

Apr 14 01:32

President Vladimir Putin’s letter to leaders of European countries

President Putin and Foreign Minister Sergei Lavrov are proving to be rational leaders and true statesmen compared to their pathetic counterparts in the US, France, Germany and Britain. The US Foreign Policy is irrational.They want countries to be subservient to them and they don’t want Israel’s actions or ambitions questioned in the Middle East.

Apr 13 22:48

Greek PM rejects talk of Greece needing third bailout

Fresh on the heels of Greece floating a sovereign bond for the first time since the economic crisis began four years ago, Prime Minister Antonis Samaras had to reject talk that a third bailout will be needed.

Apr 13 22:39

Greek police and protesters clash over Sunday trading

Greek police have clashed with demonstrators protesting against a government requirement to open shops on Sundays in the capital of Athens.

Apr 13 19:27

Chicago Land: Man pulls sub-machine gun over a 22-cent Pepsi sales tax dispute

A Chicago man is under arrest after pulling a submachine gun on store owners after he became upset at having to pay 22-cents sales tax on his purchase of a two-liter bottle of Pepsi.

Apr 13 15:33

Keiser Report: Petrodollar vs Petroyuan

Apr 13 14:27

Washington Is Humanity’s Worst Enemy — Paul Craig Roberts

How does Washington get away with the claim that the country it rules is a democracy and has freedom? This absurd claim ranks as one of the most unsubstantiated claims in history.

There is no democracy whatsoever. Voting is a mask for rule by a few powerful interest groups. In two 21st century rulings (Citizens United and McCutcheon), the US Supreme Court has ruled that the purchase of the US government by private interest groups is merely the exercise of free speech. These rulings allow powerful corporate and financial interests to use their money-power to elect a government that serves their interests at the expense of the general welfare.

The control private interests exercise over the government is so complete that private interests have immunity to prosecution for crimes. At his retirement party on March 27, Securities and Exchange Commission prosecutor James Kidney stated that his prosecutions of Goldman Sachs and other “banks too big to fail” were blocked by superiors who “were focused on getting high-paying jobs after their government service.”

Apr 13 12:48

Diplomat who won EU exit essay prize silenced by government

After he picked up an £80,000 prize for an essay on how Britain could leave the European Union, Iain Mansfield was poised to become a new, intellectual voice in the media debate on the issue.
There was one snag, however. Mr Mansfield is a civil servant and his essay appears to have been rather too well-argued for his employer, the UK Government, which remains committed to staying within the EU.

Having accepted the prize at a ceremony in Westminster on Tuesday evening, Mr Mansfield was told he was banned from giving media interviews. His regular blog on economic affairs also appears to have been removed from the internet.

Apr 13 12:38

C'mon Janet, Do It Already!

Apr 13 11:19

Meltdown America

Watch the full documentary at http://www.caseyresearch.com/lg/meltdown-video

Apr 13 10:44

THE RISE OF PUTIN AND THE FALL OF THE RUSSIAN-JEWISH OLIGARCHS

Watch this all the way through and draw your own parallels between Russia and her oligarchs and America today and her Wall Street types. This is truly a amazing movie with interviews with the oligarchs and others who directly speak to their actions and hubris at the time. We hear about Putin and the Oligarchs as if it were a bad thing. America should pay heed to what was done to remove these creatures from power and follow suit in whatever way is most effective for this Western culture.

THEN tell me you would NOT like a Putin type to set your country free from such individuals!

Apr 13 09:50

The Global Banking Game Is Rigged, and the FDIC Is Suing Posted by Ellen Brown

Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps; and the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it. According to an SEIU report:

Apr 13 09:45

The Global Banking Game Is Rigged, and the FDIC Is Suing

Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps; and the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it.

Apr 13 09:27

Stocks dive as Russia abandons U.S. dollar

The stock market dive Friday that brought the Dow Jones Industrial Average to near 16,000 and the Nasdaq to below 4,000 might reflect an accelerated move by Russia away from the petrodollar in retaliation for the Obama administration’s threatened economic sanctions over Russia’s takeover of Crimea.

Russia’s politically motivated attack on the petrodollar could trigger a major U.S. stock market collapse amid a global loss of confidence in the dollar caused by the Federal Reserve’s continuing policy of buying billions of dollars monthly in U.S. Treasury debt.

Apr 13 07:03

Top Economists Explains the Source of Our Economic Struggles

Top economists Joe Stiglitz, Simon Johnson, Michael Hudson, Herman Daly – and savvy folks such as Colonel Lawrence Wilkerson, John Perkins, Jillian Tent and Max Keiser – provide one of the hardest-hitting pictures you’ll see anywhere in the documentary “Four Horseman”:

Apr 13 06:57

China and Australia to Hasten FTA (Free Trade) negotiation. Wants an agreement quickly. Sydney to be an Official Yuan trading exchange.

China and Australia have been in FTA (Free Trade Agreement) negotiations since 2005. Now China and Australia are rushing and get an agreement set between them.

Besides the FTA between them. It was announced Yesterday Sydney Australia will be an international Yuan trading exchange.

Australia and China have agreed to enhance offshore market development of the Renminbi

Once the arrangements are finalised, it will place Sydney alongside Hong Kong, Singapore and Taiwan as an official trading hub for the yuan, the Australian Financial Review reported.

The only questions left are: How much longer does the dollar have? How soon will Russia, China, Middle East, and Australia drop the dollar completely for trade between them?

Apr 13 05:39

RON PAUL TARGETED BY THE IRS

For years, people have joked that the three most feared letters in the English language may well be these . . .

I – R – S.

But today, I’m not laughing.

Just days ago, the IRS handed Campaign for Liberty a hefty fine and DEMANDED we turn over sensitive contributor information.

http://12160.info/page/ron-paul-the-toughest-letter-i-ve-ever-had-to-send

;

Apr 13 05:18

This Guy Is Raising an Army to Get Big Money Out of American Politics

On the 26th February, Kai Newkirk spoke before the US Supreme Court. The 33-year-old isn't a lawyer and he had not been called to testify. At the time, the court was running through oral arguments in a mundane patent case.

Newkirk, a longtime labour and environmental activist who cut his teeth in the global justice movement, was just another gentleman in the crowd – until he stood up and gave the justices a piece of his mind.

Apr 13 03:12

Dozens hurt in Rome anti-government protest

Police fired tear gas and made a number of arrests in Rome on Saturday as an anti-government protest turned violent, leaving several injured, according to medics and an AFP photographer.

Apr 12 19:24

Monsanto Terminator Seeds and RoundUp Herbicide in Afghanistan: The Destruction of Agriculture

....As part of efforts to eradicate poppy cultivation across the country, the United States insisted that Kabul sidestep health studies and sign off on an unpopular plan to spray millions of dollars worth of Monsanto’s “RoundUp” glyphosate herbicide across Afghanistan’s countryside. It should be noted that before NATO’s intervention in Afghanistan in 2001, poppy cultivation was nearly eradicated under the Taliban.

In addition to fears that the mass spraying of Afghanistan’s countryside could negatively impact the health of the Afghan people, there were also fears that licit crops could also be destroyed, leaving farmers with failed harvests, anger, and a willingness to further align themselves with armed tribesmen, including the Taliban.

For America’s overarching plan, the eradication of licit crops alongside poppy was ideal. That is because while Monsanto RoundUp herbicide was to be sprayed indiscriminately over the heads of Afghans, its genetically modified, RoundUp Ready terminator seeds were to be sown beneath their feet. The Nutrition and Education International (NEI), a front set up by Western agricultural monopolies, set out to replace Afghanistan’s traditional crops with both Monsanto’s genetically engineered RoundUp Ready soybeans, as well as copious amounts of RoundUp ready herbicide.

Apr 12 14:34

You can’t eat gold… but it’s portable, easy to trade and confiscation-proof

If you’ve conducted even a preliminary investigation into the global economic situation you’ve likely concluded that something isn’t right. As noted previously, all of the evidence points to serious economic failure in the very near future as our day of reckoning approaches.

Apr 12 13:34

Filthy, deadly mayhem in India

Graham Peebles highlights the debilitating effects of pollution in India, arguing that it is time to end the official corruption and complacency that is turning India into the world’s biggest sewer.

Apr 12 10:58

The Corporate Colonization of Afghanistan

Ulson Gunnar
Activist Post

A recent TIME Magazine article featured the “US NGO” Roots for Peace, which it portrayed as a victim of a regrouping Taliban bent on subjugating a newly “democratized” Afghanistan. This organization, funded by the US State Department and USAID, claims to be turning “battlefields into bountiful orchards.” But a lack of transparency makes it unclear as to just how they are doing this. With USAID using “aid” to usher in the corporate colonization of Afghanistan through other “NGOs,” its involvement with Roots for Peace raises warranted suspicions.

Apr 12 10:08

Doctor Doom & The Fiat Money Empire

Almost openly now, the long-running attempt to kick the price of gold down, and keep it down to Save the Money and stoke further frenzied and unreal price growth of equities has overreached. The fiat money empire is more threatened, today, than for decades and the train has hit the buffers. Speaking on CNBC this week, the veteran market expert Marc Faber ­ often ridiculed by business media as a Doctor Doom who always exaggerates ­ was given more respect than he normally gets. There were no you-said-it-before jibes when he said a 1987-style “pure financial” market crash is coming. Leading the way, he said, the insanely-overpriced Internet and Biotech stocks will be the first to go. Apart from what he called “cloud cuckoo” stock and asset prices, the basic upstream trigger are the antics of the US Fed, which like other central banks has upped the ante to the point where, Faber said, anybody can see the Fed is a “clueless organization”.

Webmaster's Commentary: 

Please don't panic: prepare, the best you can.

Currency controls are most likely coming in this country, and I would be willing to bet money on this. So please; have no more money in your bank account than you absolutely need to pay the bills. Keep the rest of it under your own control. Buy small amounts of gold and silver, well under the radar of it being traced or surveilled. Figure out what skills you have to barter for goods and services you will need.

Because we may well be looking at Wiemar-style hyperinflation in the US in very short order, you absolutely need to be prepared when the excrement hits the ventilation system.

Apr 12 09:50

$1,000-a-Day Hepatitis C Miracle Drug Gets a Major Price Cut, Just Not In the U.S.

India, Egypt and Brazil have secured access to Sovaldi, the incredibly effective, but also incredibly expensive hepatitis C treatment, for one percent of its cost in America. The 12-week treatment program that runs U.S. insurance companies $84,000 per cycle, will be just $840 in those nations. Burma, Kenya, Mozambique and Iran will pay slightly more: $900 for the full treatment program, or 1.1 percent of the standard price.

Apr 12 09:41

This Article Is ONLY For People Who Eat

If we can stand this down with loving support of our fellow men, it will be a real victory. And if we cannot, you’d better plant a garden and be ready for your turn to be “Cliven Bundy.”

Apr 12 09:06

Social Security, Treasury target Americans for their parents' old debts

Many Americans expecting to see their tax refunds in their bank accounts soon are waking up to a very different scenario: the government actively intercepting their checks in order to pay back debts they’re not responsible for.

According to a new report in the Washington Post, the federal government is seizing nearly $2 billion from hundreds of thousands of taxpayers this year in order to settle debts, some incurred by their parents, some dating back to more than a decade.

This process has been ongoing since 2011, when a revision in the farm bill passed by Congress removed the 10-tear statute of limitations on debts owed to the United States. Since that bill was passed, the government has collected $424 million on debts older than a decade. This year, however, has seen the Social Security Administration (SSA) alone claim that 400,000 Americans owe a total of $714 million in debts older than 10 years.

Webmaster's Commentary: 

When are my fellow and sister Americans going to wake up to the monster its government has become, both domestically and internationally?!?

And then, the question must be asked, what do they (peacefully and logically) intend to do about it?!?

Iceland had the right idea, and not a shot was fired. The country renounced its odious debt, and threw the bankers and politicians in who created the negative financial situation in jail (and not into the Icelandic equivalent of a "Club Fed", I might add).

Apr 12 08:32

George Osborne warns City to prepare for turmoil over Russia sanctions and interest rate rises

The City must brace itself for a new wave of market volatility amid looming interest rate rises and the possibility of harsher Russian sanctions, the Chancellor has said, as he insisted that the Treasury was prepared "for any eventuality" on the Ukrainian crisis.

Apr 12 08:24

Harvard study: Your share of the federal debt is $106,000

American workers would have to cough up a one-time “debt reduction fee” of $106,000 to pay off the nation's debt that has grown 58 percent under President Obama, according to Harvard University's Institute of Politics annual report on the USA.

The 91-page report provided to Secrets pegged the nation’s debt at $16.7 trillion, up from the $10.6 trillion inherited by Obama. “The debt has grown so quickly because of large and repeated annual deficits in federal spending,” said the report.

What's more, the Annual Report of the USA, from the student at the Harvard Political Review and done in partnership with the American Education Foundation, found that food stamp usage has surged 77 percent during the recession and that Social Security benefits will be slashed 23 percent starting in 2033 unless Congress and the White House institute sweeping reforms.

Webmaster's Commentary: 

Absoflippinglutely unbelievable!!

Apr 12 08:23

JPMorgan profits fall 19% as mortgage business fades

US banking giant JPMorgan Chase has reported a sharp fall in profits at the start of 2014, which it blamed on declines in its mortgage business.

The bank said net income in the three months to the end of March was $5.3bn (£3.1bn) - a fall of 19% compared with a year earlier.

Profits from its mortgage business stood at $114m, down $559m from last year.

The figures mark the second successive quarterly fall in profits at the bank.

Apr 12 08:17

Students could be paying loans into their 50s - report

Most students will still be paying back loans from their university days in their 40s and 50s, and many will never clear the debt, research finds.

Webmaster's Commentary: 

College is no longer the gateway to a better life, but has become yet another tool of the money-junkies who enslave the people with debt.

Apr 12 08:14

Man who predicted 1987 stock market crash and the Great Recession claims another crash is months away

The man who predicted the 1987 stock market crash and the recent global economic recession believes the worst crash in decades will take place later in the next 12 months.

Dr Marc Faber, a Swiss investor and the author of the Gloom, Boom & Doom Report, said the cause of the crash would be overvaluing of companies within the internet and biotechnology sectors – thought to include the $400billion valuation of Google, and the $100billion valuation of Facebook.

He also said the market was also beginning to wake up to the idea that the U.S. Federal Reserve is a ‘clueless organisation’ – something he says is starting to affect confidence levels in investors.

Webmaster's Commentary: 

The FED isn't clueless. The problem is that the FED, like all of Wall Street and Washington DC, refuse to look at the root of the problem.

When you have a privately-owned central bank issuing all of the currency as a loan at interest, by design the debt grows faster than the available money supply. That is why every nation enslaved to such a private central bank is now drowning in hopelessly unpayable debt, whether it is the FED, the ECB, the IMF, the World Bank, etc. None of these private central banks or the financial systems and governments dependent on them will ever admit to the reality of this intentional debt-enslavement, so all that they do is just for show to convince the people something is being done ... without actually challenging the core of the system. Inevitably, such window-dressing policies fail and the enforced looting of the people to try to keep the books balanced proceeds unhindered, making governments and financial systems look incompetent, when they are merely acting like the money-junkies they are.

Apr 12 08:01

Federal government seizes $424 million in tax refunds from children to pay back old debts owed by their PARENTS

Hundreds of thousands of U.S. citizens are getting shocking letters in their mailboxes instead of tax refund checks – nastygrams informing them that the federal government has seized their money to repay debts their parents decades-old debts that they never settled.

Webmaster's Commentary: 

When debt becomes hereditary, the people become slaves.

There is no legal basis for holding children responsible for debts of parents from before they were born or while they were children. Just as there is no legal basis for holding Americans responsible for the artificially created debt resulting from the creation of the federal Reserve system long before they were born and could choose whether they wanted to accept living under the very same banking system this nation fought a revolution to break free of.

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