ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jun 09 02:06

Kermit Had an Excuse... But Americans Do Not

Jun 08 22:24

Houthi forces seize 58 kilos of hashish bound for Saudi Arabia

The Houthis are gettin the Saudis were it really hurts. They ripped off their hash! Must be some really good $h!t cause the Saudis hit em back with airstrikes!

The Houthi forces caught a group of smugglers in the Saada Governorate on Wednesday and confiscated 58 kilos of their hashish that was bound for Saudi Arabia.

In response to the seizure of these drugs, the Saudi Air Force launched several airstrikes over the provincial capital of the Saada Governorate.

Jun 08 18:18

Soros Betting Big On EU Collapse

Jun 08 17:54

Francis Koster: Rescuing Your Local Economy

Jun 08 17:54

Sorry, Janet… But You’re No Hero

Jun 08 17:53

Debt Buyers Purchase Debt From Banks and Hunt You Down: “Pay Up or Will Eat Your Dog”

Thousands of Americans are now getting caught up in modern day debtors’ prisons as private collectors drag people into the courts where they are ill-prepared to clear their name or get off the hook. Instead, from time served, to fees, penalties , interest, liens, and lasting debt, if you become too poor to pay up, the judicial and consumer industries often consider you fair game for their version of justice – truly the most dangerous game.

Jun 08 17:41

Americans will hit $1 trillion of credit card debt by end of year…

American taxpayers are quick to criticize the federal government for its ever-increasing national debt, but a new study released Wednesday found taxpayers are also saddled with debt, and are likely to end 2016 with a record high $1 trillion in outstanding balances.

Jun 08 17:31

Feds spend nearly $20,000 to settle every refugee

Federal taxpayers are on the hook for nearly $20,000 just to settle each refugee and asylum seeker, who are then immediately eligible for cash welfare, food stamps, housing and medical aid, according to a new report on the "refugee industry."

Jun 08 17:25

A Bearish George Soros Is Trading Again

After a long hiatus, George Soros has returned to trading, lured by opportunities to profit from what he sees as coming economic troubles.

Jun 08 17:08

Bilderberg Leak: Secretive Group to Discuss Internet ID, Global Tax

The secretive Bilderberg Group is set to discuss plans to implement an Internet ID to eviscerate anonymity on the web as well as a global tax on financial transactions and air travel, according to an inside source

Jun 08 17:04

You’re paying big, fraudulent Obamaphone bills

If that hefty cellphone bill you pay every month so that you can keep in touch with family and keep business running smoothly sometimes makes you twitch, you’re not going to like this story at all. Remember all those voters Obama got by handing out free cellphones? Well, they’re costing taxpayers, many of whom are dealing with hundreds of dollars in cellphone bills themselves, a boatload of money.

Jun 08 15:49

The Federal Reserve Is Pushing the Economy To “The Verge of Final Implosion”

By design, America is going down. But the nation’s dumbed-down population is slow to catch on to the subtle mechanisms of control that have allowed the Wall Street 1% to completely dominate all other aspects of the economy, and usher in controls on every transaction made in the digital world. If it were a movie plot with scary music things couldn’t be more twisted. As noted, the Fed was set-up to destroy the U.S.

Jun 08 15:12

Sick Wall Street Creeps Will Self-Destruct — Their Fed can’t save them

Whatever is going on in the daily stock market, you can’t call it “price discovery” or even remotely rational. In fact, it amounts to grinding in harms’ way and measures the degree to which the Fed and other central banks have turned the Wall Street casino into a giant litter of sick puppies who are bent on rolling the dice until they self-destruct.

Jun 08 15:04

Bilderberg 2016 To Talk Trump, Riots, Migrants & Brexit

The secretive Bilderberg Group, which is set to meet in Dresden, Germany later this week, will discuss how to prevent Donald Trump from becoming president, the possibility of mass riots as a result of wealth inequality, the migrant crisis, as well as the United Kingdom’s vote on leaving the European Union.

Jun 08 15:02

GOP Congress Plays Pentagon Budget Games

Despite a nearly $600 billion military budget, congressional Republicans are demanding even more money for the Pentagon, while rejecting cuts in spending for military bands and resisting emergency funds to fight the Zika virus, notes Mike Lofgren... The point of these arguments is to convince us that the Pentagon’s $596-billion budget is inadequate. Yet the casual reader might be surprised to learn that our allegedly cash-strapped military spends $437 million annually on live music: DOD coughs up three times the entire budget of the National Endowment for the Arts to support bands. What’s more, the Army uses 4,350 full-time “musician personnel” – the equivalent of an entire combat brigade doing nothing but playing music. (Meanwhile, it is in the process of reducing its total number of brigade combat teams to 33 worldwide)...

Jun 08 14:54

Day 8 No Money on EBT Cards – Riots Next? – Get Prepared!

It interesting over the weekend I got several emails telling me about cell phones being down, internet being down, and get this, EBT cards not working and having no money associated to them.

This is a concern because when the US Government has payment failures, then there is possibly something happening that the press is not telling you about.

Now, we know that computers have problems and that states, counties and cities run on computers. But what is interesting is that since the beginning of 2016, The US government has had over 2,700 reports on downdetector.com showing that they have been late loading the money onto these EBT cards.

Folks, we are now going on 8 days where the Government has not paid the EBT payments so that people have food.

Why is this?

Are we looking a possible Venezuela event taking place here in the US?

Jun 08 14:50

Put the Fed in a Washing Machine (And it still won’t come clean.)

The Fed has to keep talking about rate hikes so it can pretend that its policies actually worked. But the truth is that the Fed policies have not only failed, they have made the problems they were trying to solve worse, and raising interest rates will prove it. So the Fed resorts to talking about rate hikes, to maintain the pretense that its policies worked, without actually raising them and proving the reverse. This can only continue as long as the markets let the Fed get away with it or until the numbers get so bad that the Fed has to admit that we have returned to recession. That is the point where the Fed’s real problems begin.

Jun 08 14:44

The Arrogant Elite

Maybe the elite believe that welfare, unemployment compensation and possibly engaging in illegal activities are a superior alternative to earning an honest and respectable living on a cashier’s salary. That is a despicable vision.

Jun 08 14:33

Scaremonger Alert! Taste of things to come? Investors dump billions in British assets as Brexit vote looms

Billions of pounds have been shifted out of the British economy by investors in the last few months. Chancellor George Osborne said this is “just a taste of things to come” if the public votes to leave the EU on June 23.

According to figures published by the Bank of England (BoE) in its monthly banking statistics, some £65 billion (US$94.7 billion) either left the UK or was converted into other currencies in March and April—the largest amount since early 2009, when the UK was in the throes of the global financial crisis.

Jun 08 14:24

Global Banks Vs. Global Two Year Yields

Jun 08 14:19

Implosion: An Economic Thriller about War, Environmental Destruction and Corporate Greed

With other visionaries from around the globe, Jordon andCheng untiringly disseminate truth and candid information about thecalamities caused by this cruel machinery. And against all odds, theymobilize the power of the people.Richly detailed, grounded in actual events and statistics, and complete withnotes from author and former World Bank economist Peter Koenig,Implosion is both an unsettling, gripping novel and a powerful commentaryon the realities of the modern world's corporatocracy.

Webmaster's Commentary: 

Book by today's radio guest!

Jun 08 13:40

Last Week Tonight with John Oliver: Debt Buyers (HBO)

Jun 08 11:09

Biotech Bounce: Sizzle Or Fizzle?

Jun 08 10:41

The Federal Reserve’s Strange Behavior Makes Perfect Sense

I have made this comment many times in the past, but I think it needs to be stated again here: If you think the Federal Reserve’s goal is to maintain or repair the U.S. economy, then you will never understand why they do the things they do or why the economy evolves the way that it does. The Fed’s job is not to protect the U.S. economy. The Fed’s job is to DESTROY the U.S. economy to make way for a truly global system.

Webmaster's Commentary: 

So, let me see if I have this right. Private Central Banks have ruined every nation enslaved to them, and the bankers think we will all be okay with being slaves to a single planetary private central bank?

Jun 08 10:38

White House Blocks Release of Clinton TPP Emails Until After Election

Despite vowing not to influence a Department of Justice and FBI probe into allegations that Hillary Clinton used a private email server for sensitive government communications, the Obama administration has barred the release of those Clinton emails linked to the controversial Trans-Pacific Partnership (TPP) deal, until after the election.

Jun 08 10:38

America’s Fake Recovery: Obama Defined Away Jobless Workers, Weak Economy

In late 2011, with President Obama’s reelection bid just beginning, his administration moved to redefine the term 'unemployed,' to suppress the real number. The change caused the US jobless rate to collapse from a level stubbornly hanging at 9% down to 7.1% by the time of the November 2012 elections.

Jun 08 10:30

On Death And Taxes: “The Greed Of The Government Can Never Be Overstated”

Readers, you’re awake to the horrors of the Federal Government, our rapidly-declining GDP and ever-increasing debts. Trillions of dollars have been stolen, in the form of appropriations and programs that funnel directly from the tax-base: the fat “cash-cow” that the government suckles from. The taxes are life-sustaining to the government juggernaut, managed by the ever self-serving “representatives” of Congress who approve pay raises for themselves, immunity from prosecution from (what was formerly) insider trading, and exonerate themselves from any and all ethics violations.

Taxes keep the government going, keep the system emplaced and you the citizen in your place, from birth to death.

Jun 08 10:19

Why upbeat UK manufacturing figures have silenced Osborne

In normal times, George Osborne would have been all over the good news from the manufacturing sector like a rash. The figures from UK industry were better " a lot better " than the City had been expecting and showed the fastest month-on-month increase in almost four years.

Jun 08 09:52

Goldman Sachs’ Japanese office axes female employee after discovering she is a PORN STAR

Goldman Sachs have withdrawn a job offer from a potential worker after they discovered she had starred in porn films.

Adult actress Shizuka Minamoto reportedly violated the billion-dollar investment bank's code of ethics when she starred in dozens of x-rated movies during her time at university.

Webmaster's Commentary: 

Goldman Sachs has a code of ethics?!?

Jun 08 08:28

WSJ: Student Loans Increasingly Backfire, Leaving Borrowers Worse Off For Going To School

New research shows a significant chunk of that investment backfired, with millions of students worse off for having gone to school. Many never learned new skills because they dropped out—and now carry debt they are unwilling or unable to repay. Policy makers worry that without a bigger intervention, those borrowers will become trapped for years and will ultimately hurt, rather than help, the nation’s economy.

Jun 08 07:18

COMMUNITY BANKS ARE DYING OF DODD-FRANK

The big banks will hate this idea even more than they hate Dodd-Frank, which is how you know that this is actually smart legislation put forth by Hensarling. Elizabeth Warren can cry all she wants, and she is definitely crying loudly today. But she is dead wrong on this one. Dodd-Frank is a freaking joke when it comes to bailouts.

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Jun 08 03:55

Brent crude price exceeds $52 per barrel, first time since October 12, 2015

The price of futures contract for Brent crude oil with delivery in August rose by 1.1% to $52.01 per barrel 2016 on the ICE Exchange in London for the first time since October 12, 2015. The Russian currency slightly strengthened amid the growth of rising oil prices. The dollar against the ruble fell by 0.3% to 64.4 rubles, the euro fell by 0.2% to 73.2 rubles.

Jun 08 03:24

Bilderberg 2016: What to Do with Everyone as AI Kills Jobs and the Middle Class Dies

This 2016 Bilderberg Meeting will be characterized by its focus on the growing underclass of “precariats” with insecure jobs and no future in an age of A.I.

While Bilderberg handles the propaganda coup to stop Brexit from succeeding and while they discuss the ways they have of dealing with Donald Trump, there will be a topic with far greater significance for your future…

More than ever, the effects of technology is being felt, and is ready to shake the foundations that our society is built upon. That means jobs with no security, few benefits and an economy with an uncertain future.

Jun 07 19:42

Hawaii's economy ranked 10th-worst in nation by WalletHub

Hawaii has the 10th-worst economy of the 50 states and the District of Columbia, according to a new WalletHub report.

WalletHub’s analysts compared the economic performance of various metrics in each state and Washington, D.C., across three key dimensions: economic activity, economic health and innovation potential.

Jun 07 17:41

False Promises, Smears And Golden Rice: Is This The Solution For Disease, Poverty And Malnutrition?

The pro-GMO lobby often relies on fraud, regulatory delinquency, opaque practices, smear campaigns, dirty tricks, slick PR and the debasement of science. While choosing to sideline the root causes of poverty, hunger, malnutrition and regional food insecurity (and effective solutions), it promotes a techno quick-fix based on profitable proprietary technology.

Jun 07 17:19

The Wages Of Neoliberalism: Poverty, Exile And Early Death

Economist Michael Hudson says neoliberal policy will pressure U.S. citizens to emigrate, just as it caused millions to leave Russia, the Baltic States, and now Greece in search of a better life.

A research team from Columbia University’s Mailman School of Public Health in New York estimates 875,000 deaths in the United States in year 2000 could be attributed to social factors related to poverty and income inequality.

Jun 07 16:06

The Crash Of All Crashes Is Headed Our Way

Jun 07 15:36

S&P Volume Analysis: This Is Scary

Jun 07 15:26

The unemployment rate in America explained

Jun 07 14:26

Consumer Protection Bureau Releases Payday Lending Rule, Calls For Credit Union-Style Services

Consumer Financial Protection Bureau Director Richard Cordray touted existing alternatives to payday lending on Thursday, as the agency released long-anticipated rules to curtail abusive loansharking.

Cordray described the so-called “small-dollar” credit market as fundamentally broken, and said he hoped the proposed regulations would push the financial industry toward less predatory practices.

Jun 07 12:53

Media Cite Architect Of Last Recession As Expert On Preventing Another One

In “Trump Is a Much Worse Threat Than Brexit” (Washington Post, 6/6/16), Bill Clinton Treasury Secretary Lawrence Summers warned that a Trump presidency could “lead to a recession in 18 months”:

I BELIEVE THE RISKS TO THE US AND GLOBAL ECONOMIES OF TRUMP’S ELECTION AS PRESIDENT OF THE UNITED STATES ARE FAR GREATER [THAN BREXIT]. INDEED, IF HE WERE ELECTED, I WOULD EXPECT A PROTRACTED RECESSION TO BEGIN WITHIN 18 MONTHS. THE DAMAGE WOULD IN ALL LIKELIHOOD BE FELT FAR BEYOND THE UNITED STATES.

Jun 07 12:25

I WONDER WHAT HAPPENS NEXT

Jun 07 11:13

Social Security Cut To Autistic Children

Jun 07 10:43

"I'm Considering Filing Bankruptcy" - St. Louis Proves A Harbinger Of Things To Come For Subprime Auto Lending

"Subprime lending is a calculated risk - we know that some of the customers won't pay, we just don't know which at the time the loan is made. With higher default rates come higher expenses, and higher interest rates are necessitated to remain solvent." That's a quote made in a statement by Midwest Acceptance corporation, who specializes in high interest car loans for subprime borrowers in the St. Louis area.

Stories like the one involving William Lesinski are becoming all too common in the St. Louis region. Lesinski's story begins with taking out a ridiculously high interest rate loan for a car to be given as a graduation present for his son, and ends with his wages being garnished - beyond the amount of the court judgement.

Jun 07 10:00

Censored Images from Venezuela Reveal Economic Collapse is Only for the Poor

The divide between rich and poor in our world has perhaps never been as wide and as visible as it is today. The world elite are making more money than ever, and as they’re buying more ridiculous and more lavish toys than ever, the rest of the world is already feeling the pinch of a manipulated global economy in decline.

The nightmare of bad government has always been felt most severely by those who do not belong to the ruling elite or the protected upper classes of society, and recently, events in Venezuela serve as yet another example of how socialist governments can ruin once thriving national economies by sanctioned corruption. Now it is becoming evident that even in the Venezuela capital, Caracas, breadlines and hunger pangs are only for certain classes of citizens.

Webmaster's Commentary: 

Eat the rich. They taste like chicken, are very soft and tender, non-GMO, and not radioactive!

Jun 07 09:39

Is the Gold Pullback Complete?

Jun 07 09:36

Perth Mint SOLD OUT of Silver Kookaburras!

Earlier this morning Keith Weiner made the claim that silver demand is weak, and supply is robust.

This afternoon’s data point on 2016 Perth Mint Silver Kookaburra availability however (or lack thereof), seems to claim otherwise…

Jun 07 08:49

Crude Oil Is Due for a Correction

Jun 07 08:31

Illegals Openly Brag About $300k Scholarships on Twitter

While the country is broke and Americans whose forefathers founded this nation and paid into the system for generations are being saddled with massive student debt, illegal immigrants are getting $282,220 scholarships and bragging about it on twitter.

Jun 07 08:01

We Can’t Afford To Cure Cancer

Someone has said there are just too many jobs in the pursuit of a cancer cure to allow any therapy to be proven and put into practice. Recognize the nation is dotted with cancer research centers that hold billions of dollars of debt. For example, the Fred Hutchinson Cancer Research Center in Seattle, Washington holds $176 million of debt. [Moody’s Investor Service] Sloan-Kettering Cancer Center in New York, the nation’s cancer research center, holds $1.9 billion of debt. [Moody’s Investor Service] A cancer cure would leave research centers like these on the hook for loans that could not possibly be paid back.

Better for cancer research centers to live off the $4.95 billion of research grants that get divvied out by the National Institutes of Health each year than to find a cure.

In light of this revelation, the public may be better served by private enterprise that is not reliant on public funding to find a cure for cancer.

Jun 07 07:43

‘Grimy business’: John Oliver makes TV history, forgives $15m in medical debt he purchased

In a scathing attack on the lack of regulations in the debt-collection industry, HBO comedy host John Oliver announced that a debt collection agency formed by his show would forgive $15 million in medical debts held by about 9,000 people.

Webmaster's Commentary: 

Way to go, John!

Jun 07 07:41

'Get lost!' French economy minister pelted with eggs amid labor reform strikes

France's economy minister was left scrambling for safety when a group of angry union activists attacked him with eggs. It comes amid nationwide strikes and protests against a controversial labor reform law.

Emmanuel Macron was attempting to attend an event in the Paris suburb of Montreuil on Monday when he was struck with eggs by angry members of the CGT union telling him to “get lost.”

Jun 07 07:40

The Logic of Paper Money, Debt, and Gold

Central banks want debt based currencies because they are easily created. Consequently the currency in circulation and total debt drastically increase and prices follow, sooner or later. Compare the cost of medical care, college tuition, an ounce of gold, a gallon of gas, a six-pack of beer, or a week’s groceries today versus the cost for the same items in 1971. Massive debt, caused by politicians and bankers, also acts as a drag on economic growth. To create more growth the conventional answer is stimulus and more debt, which, at best, delays and aggravates the excess indebtedness problem. Bad policy produces bad results.

Jun 07 04:02

Bilderberg List Revealed! 2016 Topics: Middle Class Displaced by Aimless 'Precariat' Workers As Tech Takes Over

This 2016 Bilderberg Meeting will be characterized by its focus on the growing underclass of “precariats” with insecure jobs and no future in an age of A.I.

Here's the list and topics for this year's secret convergence of power...

Read more at Truthstream Media

Jun 06 18:14

The Illusion of Falling Official “Unemployment” Fades

By Clint Siegner

Friday’s employment report featured the headline unemployment rate falling from 5.0% to 4.7% – which is a huge move lower. About the only encouraging aspect of the report is that markets largely ignored the fantasy headline for a change and focused on the ugly details. Nearly everyone acknowledged the report as bad news and markets reacted accordingly.

But not all. Janet Yellen and her crew at the Fed must see through the phony statistics because they are so reluctant to tighten monetary policy. Publicly, however, they talk about job growth and the wonders their stimulus policies have worked...

Jun 06 18:03

Flashback: 'Pure evil' Bedroom Tax will hit one million more people as Tories launch 100-day welfare blitz

Throughout the six-week election ­campaign Mr Cameron – branded the Sheriff of Nottingham by TV star Paul O’Grady over the hated Bedroom Tax – boasted of making £12billion of welfare cuts but would not reveal where the axe will fall. To put that astronomical figure into perspective, it’s the equivalent of a burglar nicking £545 from every household in the land.

https://fullfact.org/europe/our-eu-membership-fee-55-million/

In 2015 the UK government paid £13 billion to the EU budget, and EU spending on the UK was £4.5 billion. So the UK’s ‘net contribution’ was estimated at about £8.5 billion.

The burglars are donating most of their haul to the EU...

Jun 06 17:59

What food costs in Venezuela: Eggs $150 a dozen, dry milk $100 a pound

If running out of food and toilet paper wasn’t bad enough, the country is also just about out of beer

Jun 06 17:49

Labour Market Flashing Warning Signal

Jun 06 17:11

Food Loss, Waste Target Of New International Measurement Standard

Around $940 billion of food is lost or wasted annually but there has been no globally agreed upon metric for measuring how it is squandered. International organizations are developing a new standard with the aim of reducing food waste and loss.

Jun 06 16:50

David Icke - The Money Hoax

Jun 06 16:37

9 charts PROVING the U.S. non-recovery

Jun 06 14:28

British Pensioners Over 75 Increasingly Likely To Live In Poverty

A report by Independent Age, a charity for the elderly, reveals that 1.6 million older people live in poverty in the UK, with an increasing proportion of them over 75 years of age.

Jun 06 14:09

EBT, Food Stamp Payment Deadlines Missed

Jun 06 13:58

'F*** you, Oprah!' John Oliver buys $15million of medical debt belonging to 9,000 Americans and forgives it all in 'the biggest TV giveaway of all time'

Comedian John Oliver performed an incredible act of generosity on Sunday when his topical comedy show, HBO's 'Last Week Tonight,' bought and forgave $15million of medical debt belonging to 9,000 Americans.

The dramatic moment was the climax to a 20-minute segment on America's growing industry of debt buyers, who buy 'delinquent debt' for pennies on the dollar then threaten debtors to get the cash.

Oliver, who bought the $14,922,261.76 debt for $60,000, said: 'On one hand, it’s obviously the right thing to do, but much more importantly [we got to stage] the largest one-time giveaway in television show history,' Fox News reported.

Jun 06 13:43

Can St Ives make homes affordable?

Jun 06 13:40

6,324,545 foreclosures over the last ten years

Jun 06 13:33

Auto Layoffs To Hit US and Mexico

Jun 06 13:19

It Has Been Happening Right Before Our Eyes: 102 Million Americans Absent From Workforce

The U.S. economy has already entered the early chapters of the next great economic crisis, and most of the population is going to be caught totally off guard and will suffer tremendously. If our leaders had made better decisions since the last crisis, things could have turned out differently. But instead, they continued to conduct business as usual, and now we will reap what they have sown.

Jun 06 13:13

US labor markets take a turn for the worse

Jun 06 11:58

The end of the Chinese miracle - FT

Jun 06 10:41

BRITAIN’S DENIAL OVER CLUSTER BOMBS IN YEMEN 'WILDLY IMPLAUSIBLE' – AMNESTY

Ministry of Defence (MoD) denials regarding banned, British-supplied cluster munitions found in Yemen are little more than a “smokescreen of wildly implausible claims,” according to Amnesty International.

The human rights charity wrote to the MoD after defence minister Philip Dunne told parliament a UK-made BL-755 bomb found in a village in Yemen had not been dropped by the Saudi coalition.

Responding to an urgent parliamentary question, both Dunne and Foreign Secretary Philip Hammond suggested the banned munition, which may have been bought as long ago as the 1970s, was dropped in an earlier conflict.

Dunne argued: “It is unclear from the evidence provided thus far that the munitions came from the current conflict.

“We assess that no UK-supplied cluster weapons have been used.”

Amnesty, which carried out inspections in the area and first exposed the presence of the cluster bombs, rejected the claims.

Webmaster's Commentary: 

Let us make one thing very clear here; the British government doesn't give a rat's anus as to who gets killed by these munitions, including children, women, and the medically fragile elderly.

They are supplying these muntitions to the Saudi Arabian government to get rid of the Houthi rebels; and to put Saudi Arabia permanently and practically in control of Yemen; nothing else matters to them here, except for one little factoid I will mention later.

But I would like to politely suggest to both Philip Dunne and Philip Hammond that the Houthis, and Yemenite people, have been able to stave off any pretension of a Saudi military "victory" over one year since this civil war began.

That's why, last month, the US government admitted to the presence of US troops on the ground in Yemen. As reported on 6 May at www.washingtonpost.com:

The Pentagon has placed a small number of U.S. advisors on the ground in Yemen to support Arab forces battling al-Qaeda, military officials said on Friday, signaling a new American role in that country’s multi-sided civil war. Navy Capt. Jeff Davis, a Pentagon spokesman, said U.S. personnel had been in the country for about two weeks, supporting Yemeni and Emirati forces that are fighting a pitched battle against militants near the southeastern port city of Mukalla. “We view this as short-term,” Davis told reporters. Officials said the U.S. military is also providing Emirati forces with medical, intelligence and maritime support, and is flying surveillance and aerial refueling missions. It has also staged a ships from the 13th Marine Expeditionary Unit off Yemen’s coast. The flotilla includes the USS Boxer, an amphibious assault ship with Marine infantry and aircraft, and two destroyers, the USS Gravely and the USS Gonzalez.

Additionally, the UAE has hired private mercs to fight in this war, in a desperate, last-gasp effort to make things go better here militarily.

And as stated so eloquently at guardianship in the article by Owen Jones in January of this year, the UK has been a part of the Saudi war effort against the rebels from the beginning.

Britain is arming and aiding a fundamentalist dictatorship that’s bombing and killing civilians. This is an incontestable fact. The Saudi tyranny – gay-hating women-oppressors who kicked off the year with ~a mass beheading – has been waging war in Yemen for 10 months. The world needs to know about Yemen’s war. But journalists are being silenced Charlene Rodrigues Read more If the 26 million Yemenis were being besieged and bombed by an official enemy of the west, we might expect emotive calls to “do something” and militarily intervene. Well, we are intervening: not simply by supplying weapons but even by providing the Saudi-led coalition of Arab dictators with British military advisers. As the SNP’s Angus Robertson put it to the prime minister’s face, Britain is “effectively at war” – and yet few Britons know anything about it. Since Saudi-led forces intervened in the conflict between President Hadi and Houthi rebels last March, around 6,000 Yemenis have been killed, perhaps half of them civilians. With the country under naval blockade, what the UN was already calling a “humanitarian catastrophe” six months ago has been unleashed. Eight in every 10 Yemenis are now dependent on humanitarian aid, and most do not have “adequate access to clean water or sanitation”, according to the UN.

So, what is really to be gained by giving Saudi Arabia military and political control over Yemen?!?

As reported at sputniknews.com on 6 April 2016:

Why does Saudi Arabia continue to bomb Yemen back into the Stone Age? The crux of the matter is that Yemen has oil reserves, while Riyadh is steadily running out of the commodity, American political analyst Phil Butler explains. A Saudi banker displays the new one hundred riyal banknote bearing the portrait of Saudi King Abdullah bin Abdul Aziz al-Saud at a bank in Riyadh, 05 June 2007 © AFP 2016/ HASSAN AMMAR Out of Money: Saudi Arabia Shot Itself in the Foot by Dropping Oil Prices According to American political analyst and researcher Phil Butler, the US-backed Saudi Arabian war against Yemen is neither about the longstanding sectarian strife between Sunnis and Shiites, nor about the much-discussed military campaign aimed against al-Qaeda in the region. While Western media outlets usually refer to Yemen as a "small" energy producer, the truth of the matter is the country is sitting on substantial oil and gas reserves, which Saudi Arabia and its allies want to control, Butler notes. In addition, Yemen lies at the Bab el-Mandab, a key checkpoint for maritime transit of oil, with 3.4 million barrels of oil passing through it each day. In one of his previous analytical reports for New Eastern Outlook, Phil Butler called attention to the fact that Saudi Arabia's oil wealth is doomed to falter: "Given the nature of the country's [Saudi Arabia's] oil reserves, and almost unlimited production for decades, it's possible the Saudis could simply be running out of gas," the American analyst stressed. In this context, it is hardly surprising that Riyadh has recently adopted an assertive and even aggressive foreign policy approach towards its neighbors.

So there you have it, Brits; the reason your government is so gung-ho about destroying Yemen, and murdering thousands of Yemenite people, by whatever means necessary, is in order for the Saudi government to secure the Yemen oil fields, in order that the Saudis give the British government "due consideration" for both deals on developing Yemen's oil reserve, and "assisting" in "creating improvements" at Bab El Mandab.

It's just that simple.

And to the Cameron government: please just be honest with your people about why you did this, in the next electoral cycle. It was simply a matter of money for your corporate cronies, to insure that they would have more money with which to support your electoral campaigns, overtly and covertly, because of what you can promise, and deliver, for them.

Your countrymen and women will understand, particularly the pensioners dying as a direct result of your brilliant "austerity program".

UK Mortality study

Jun 06 10:32

Soros and other billionaire controllers fund Muslim refugee invasion of U.S. to drive down worker wages and inspire domestic terror attacks

U.S. set to become a vast wasteland as George Soros and other controlling elites plan drive it into the ground to gain far cheaper labor

Jun 06 09:18

Buy Gold before Europe cracks

Jun 06 08:58

Ron Paul: The Keynesians Stole The Jobs

Jun 06 08:46

Burberry boss Christopher Bailey sees pay fall by 75%

His pay fell from £7.5m in the 2014/15 financial year, to £1.9m in 2015/16, according to Burberry's annual report.

Jun 06 08:32

Bilderberg 2016: We can expect desperate lobbying against Brexit from Big Business

As the EU referendum looms, a great counsel of war is gathering. Henri de Castries, the Chairman of the influential Bilderberg Group, has made his way to the highest hill above Dresden, placed a mighty conch shell to his aristocratic French lips and blown.

Responding to his call, 140 or so of the most powerful pro-European business leaders and politicians will be making their way to the five-star Hotel Taschenbergpalais to discuss the future of their beloved free trade zone.

Jun 06 07:58

8 Lessons That We Can Learn From The Epic Economic Meltdown In Venezuela

We are watching an entire nation collapse right in front of our eyes. As you read this article, there are severe shortages of just about anything you can imagine in Venezuela. That includes food, toilet paper, medicine, electricity and even Coca-Cola. All over the country, people are standing in extremely long lines for hours on end just hoping that they will be able to purchase some provisions for their hungry families. At times when there hasn’t been anything for the people that have waited in those long lines, full-blown riots have broken out. All of this is happening even though Venezuela has not been hit by a war, a major natural disaster, a terror attack, an EMP burst or any other type of significant “black swan” event. When debt spirals out of control, currency manipulation goes too far and government interference reaches ridiculous extremes, this is what can happen to an economy. The following are 8 lessons that we can learn from the epic economic meltdown in Venezuela…

Jun 06 07:44

Everyone’s Paying For America’s War on Russia, Including America

US sanctions aren’t just hurting everyone including the US, they are accomplishing nothing. The US State Department’s Radio Free Europe/Radio Liberty (RFE/RL) notified readers of a diplomacy campaign by the United States aimed at “urging” Europe to maintain sanctions against Russia. While the US claims the necessity of these sanctions are self-evident and beneficial to the US and Europe, such campaigns would not be needed if that were truly the case.

Jun 05 17:40

Flashback 2014: The EU is to hit the UK with another €5 billion bill

As the budget talks carry on, the European Parliament is asking for an additional €6 billion in 2015, taking the total to €146 billion. They have also announced that there is an immediate requirement for another €4.7 billion to cover short term funding, and they estimated that the amount of unpaid bills rolled into the 2014 budget from 2013 will amount to €30 billion. Combined this will add up to an additional €40.7 billion, and the UK will have to cover €5 billion as part of its contribution.

Jun 05 17:39

Flashback 2014: David Cameron is being less than honest over the £1.7 billion we ‘owe’ the EU

While our Prime Minister rightly kicks up a stink over the latest bill from the European Union, it is telling to note that when the EU announced in July 2014 that it had run out of money and required another €4 billion from members costing the UK £600 million he never uttered a peep.

Jun 05 17:11

A Second Great Depression Is Now A Certainty.

Jun 05 16:43

How Free Money Leaves Everyone Poorer

Jun 05 16:26

Economic arguments about Brexit have succumbed to group-think

The economic debate about Brexit has so far concentrated heavily on the single market, and the prospective loss of export business caused by exclusion from it. I have written repeatedly that being outside the single market does not mean being “excluded”. Yes, British exports might face tariffs, but the EU’s tariffs on manufactured goods imported into it from non-member countries are extremely low.

More importantly, perhaps, there is a widespread misconception that the gains from trade derive only from exports. They don’t. They derive from both exports and imports. If we were to leave the EU, then we would have the ability to stop levying the EU’s external tariff on the imports that we buy from the rest of the world. This would lower prices in the shops.

Jun 05 16:15

The Case For A Super Glass-Steagall

Jun 05 16:13

The UK's EU membership fee

The UK pays more into the EU budget than it gets back.

In 2015 the UK government paid £13 billion to the EU budget, and EU spending on the UK was £4.5 billion. So the UK’s ‘net contribution’ was estimated at about £8.5 billion.

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We can be pretty sure about how much cash we put in, but it’s far harder to be sure about how much, if anything, comes back in economic benefits. “There is no definitive study of the economic impact of the UK’s EU membership or the costs and benefits of withdrawal”, as the House of Commons Library says.

Jun 05 16:00

The Treasury’s Brexit forecast is ludicrous. We’re better off out of the EU

It seems likely that if we leave the EU we can look forward to a better pay rise at the bottom end of the income scale than if we stay in. Lord Rose, the Chairman of Remain, said as much in a rare honest forecast from that campaign. Assuming a post Brexit government does take control of our borders and impose sensible and effective controls on EU migrants wanting to come to take low paid jobs, we will remove some of the downwards pressure on wages.

We will also have £10bn a year to spend at home that we have to give way to EU in contributions we don’t get back.

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There is also the stimulus effect of the first post Brexit budget, spending that money and removing VAT on fuel to boost people’s spending power.

Jun 05 15:50

NHS 'Scandal' As UK Pays Millions To EU

The UK pays more than £670m to EU countries for Britons' healthcare abroad, while claiming back less than £50m from the EU.

Jun 05 15:19

What The War On Reproductive Rights Has To Do With Poverty And Race

When Justice Harry A. Blackmun authored the decision legalizing abortion in Roe v. Wade, he wrote that “[t]he right of personal privacy includes the abortion decision, but this right is not unqualified and must be considered against important state interests in regulation.” Although this was a win for those seeking to both legalize abortion and prevent harm inflicted on people seeking illegal and unsafe abortions, it also opened the door to restrictions on abortion.

Jun 05 15:18

Watch: This Lady Completely Loses Control After Her EBT Food Stamps Card Is Declined

With some 100 million Americans now receiving government assistance in one form or another, it’s only a matter of time before glitches or all out system failure leads to civil unrest.

Jun 05 14:59

Today in History: FDR and Congress Take U.S. off the Gold Standard

By Michael Boldin

On April 5, 1933, President Franklin D. Roosevelt signed Executive Order 6102 “forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States.” The effect of the order was to criminalize the possession of monetary gold by any individual, partnership, association or corporation.

Two months later, on June 5, 1933, Congress passed House Joint Resolution (HJR) 192. It was passed to suspend the gold standard and do an end-run around the Constitution. Since then, no one in America has been able to “lawfully” require a debt to be paid in gold.

Under the Constitution, however, things are much different...

Jun 05 14:44

DRUMROLL: Hillary Clinton Reveals Her ONLY Idea To Create Jobs

I won't spoil the surprise, but it rhymes with shovel-ready...

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Jun 05 12:30

“Rising” Rates Hit New Lows

Jun 05 12:11

The World’s Most-Extreme Economic Terrorism

Jun 05 12:01

Offbeat: Men raid vegan café, pelt patrons with meat

In Georgia – the country, not the state – men raided a vegan café and pelted patrons with meat. "Some of them," the story says, " . . . were wearing sausage necklaces," which seems to be a bold and possibly odoriferous, bacteria-prone fashion choice. Then a brawl broke out and the assailants escaped into the night. The whole episode, the café owners say, shows just how intolerant people are. Meanwhile, in Los Angeles, owners of a vegan café say they've been getting death threats since they decided to start eating meat again. Talk about your food fights.

Jun 05 11:11

As subprime auto borrowers default, collection suits pile up in local courts

In August 2008, William Lesinski walked into a Car Credit City in Bridgeton and made a decision that would be far more expensive than he ever imagined.

Wanting to buy his son a car as a high school graduation gift, Lesinski put $1,750 down and drove off the lot in a 2003 Ford Mustang. The loan for the car was $11,367, and it carried 29 percent annual interest over nearly four years.

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