Aug 15 09:22

Detroit group says water shutoffs add to foreclosures

A Detroit-based group of activists and university professors said the city’s policy of shutting off water to those who don’t pay water bills is driving residents from their homes and exacerbating the city’s foreclosure crisis.

Aug 15 09:20


Private prison titan Corrections Corporation of America has extensively diversified its holdings into the entire carceral-industrial sector: halfway houses, electronic monitoring, mental health -- and family immigration detention, a growth industry where the human rights standards are rock-bottom and the payouts are guaranteed to jackpot.

Aug 15 08:24

Theresa May orders ministers to stop the 'nonsense' and focus on Brexit delivery amid turf war

An "unimpressed" Theresa May has told senior Eurosceptic ministers to "stop playing games" following Liam Fox's attempted power grab on parts of the Foreign Office controlled by Boris Johnson.

Tensions have been rising after a leaked letter revealed the international trade secretary called for a "rational restructuring" which would see his department take personnel and "clear leadership of the trade and investment agenda."

Aug 15 07:16

Greeks will have to declare to tax office even cash below 100 euro

The long planned registration of all kinds of private wealth will go into effect in February 2017. More than 8,500,000 tax payers registered in Greece will be called to declare all moveable and immovable assets, their total “wealth”, and even cash they possess even if it is below 100 euro. Furthermore, the taxpayers will have to register changes in their assets when they occur and not annually.

Aug 15 07:15

Bank Runs Coming to America | Jim Willie

Aug 15 07:11

Secret Elites: Why Forbes’ Rich List Excludes World’s Richest Families

Forbes’s rich list doesn’t include members of Royal families or dictators who hold their wealth through a position of power, or who control the riches of their country. In this way, the real people pulling the strings are able to work in absolute secrecy without any media attention at all.

Aug 15 07:06

Mortgages Are Instruments Of Fraud

The word mortgage comes from the old French and quite literally means you have made a pledge that lasts until you are dead. Too bad for us that mortgages are fraudulent.

I do not think our governments will be here in their present form much longer. Things could get worse. The Bankers are trying to turn student loans into pledges unto death. But it is also possible for us to construct a better world after the Dollar Dies. In that case, one of the things we will have to do is to drastically change the way mortgages are created.

Webmaster's Commentary: 

There was a lawsuit, never reported on corporate media, called the Credit River case. A man fighting foreclosure on his home pointed out that the bank had not actually given him anything of tangible value with the mortgage. The bank had simply typed a bunch of numbers into a computer. The lawyer for the man even got the bank President to admit that was all the bank had done, type numbers into a computer, literally creating the money out of thin air. The judge and jury found for the defendant and the man got to keep his home. Although never overturned, the Credit River case was declared 'bad law" and judges refuse to allow it to be cited in other foreclosure cases. Following the case, the man's lawyer was disbarred and the judge died under questionable circumstances.

Aug 14 10:08

Billionaires are hoarding cash

Aug 14 09:09

Russian Media: US preparing chaos in Macedonia, Serbia and Greece to prevent Turkish Stream

Serbian daily Informer, citing Russian media has stated the nations of Macedonia, Serbia and Greece are "screwed" after the latest pact between Putn and Erdogan which decided to get the Turkish stream project back on track.

The only way for the United States to let the three Balkan nations live in peace is if they give up on their business partnership with Russia, regardless of how beneficial it may be for all three.

Aug 14 08:40

Cable TV Revenue To Drop By $2.7 Billion…

Aug 13 16:48

Construction is in recession as UK economy weakens

Britain’s building sector is officially in recession as housebuilding and infrastructure output both fell in the second quarter of the year.

Aug 13 16:30

A German Bank Finally Caves: Will Charge Retail Investors A Negative 0.4% Deposit Rate

Raiffeisen Gmund am Tegernsee, a German cooperative savings bank in the Bavarian village of Gmund am Tegernsee, with a population 5,767, finally gave in to the ECB's monetary repression, and announced it’ll start charging retail customers to hold their cash. Starting September, for savings in excess of €100,000 euros, the community’s Raiffeisen bank will charge a 0.4% rate. That represents the first direct pass through of the current level of the ECB’s negative deposit rate on to retail depositors.

Aug 13 16:26

A Stunning Admission From Deutsche Bank Why A Shock Is Needed To Collapse The Market, And Force A Real Panic

"Without an external economic shock it is hard to see policymakers being prepared to take dramatic, fiscal action to jumpstart the global economy... Ironically the shock that is needed would require a collapse in risk assets for policymakers to then really panic and attempt dramatic fiscal stimulus."

Aug 13 16:22

On This Day In 1914, The Fed For The First Time Ever Defnied It's "Purpose" - The Outcome Was Ironic

"The purpose of the system is to remove artificiality, promote normal relations, and create better conditions under which everybody will transact business."

Aug 13 13:54

Banking Collapse on the Horizon!?

Aug 13 12:09

Drug Sales On The Dark Web Have Tripled Since The Feds Shut Down Silk Road

By John Vibes

This week, it was reported that drug sales on the dark web have tripled since the infamous Silk Road was shut down in 2013.

Within hours of the Silk Road takedown, there were several competitors that were already on the dark web who were ready to move in on the newly available business.

Stijn Hoorens of the RAND corporation recently published a study showing how this growth has occurred despite government intervention...

Aug 13 11:00

Obama puts Congress on notice: TPP is coming

The White House put Congress on notice Friday morning that it will be sending lawmakers a bill to implement President Barack Obama’s landmark Trans-Pacific Partnership agreement — a move intended to infuse new energy into efforts to ratify the flat-lining trade pact.

The move establishes a 30-day minimum before the administration can present the legislation, but the White House is unlikely to do so amid the heated rhetoric of a presidential campaign in which both major party nominees have depicted free trade deals as massive job killers.

Friday's notification is the clearest signal yet that the White House is serious about getting Obama’s legacy trade deal — the biggest in U.S. history — passed by the end of the year, as he has vowed to do despite the misgivings of Republican leaders and the outright opposition of a majority of Democrats in Congress.

Webmaster's Commentary: 

As reported at last December:

Opposition to the TPP is mounting, as the details are finally open to scrutiny. The release of the final text shows that opponents had substantial reason to be concerned. The outcry has been loud and has come from all sectors of society – labor, environmental groups, family farmers, consumer groups, healthcare advocates, retired persons, the LGBTQ community, human rights activists, internet freedom advocates and the faith community. Environmental groups warn the deal contains giveaways to polluters that will undermine the progress we have made in recent decades and would threaten the climate and wildlife with provisions that fail to meet even minimum standards. Labor and human rights groups lament that it fails working families by forcing US workers to compete with those in countries where wages are as low as 65 cents an hour like Vietnam, as well as slave labor in Malaysia. In addition, it fails to address concerns about currency manipulation that costs American jobs by making it cheaper for companies to ship jobs overseas. Food justice groups warn the TPP will flood food supplies with potentially unsafe foods from countries where food safety standards are lower and new provisions give companies the power to challenge the decisions of border inspectors. Retired Americans and health care advocates are voicing concerns that the TPP would severely increase drug prices by keeping lower cost generic drugs off the market, further enriching the pharmaceutical industry. Congress is expected to vote on the agreement in early 2016 and opposition groups have been mounting widespread protests throughout the US and most of the TPP signatory countries. Things heated up this fall with numerous protests across the country and around the world: in September at the UN Sustainable Development Summit, and in October in Congressional districts across the US coinciding with the Congressional recess, and in November a national mobilization was organized in Washington, DC to demand global justice with multiple protests over five days.

So, President Obama is perfectly fine, uniting with countries which still allow slave and child labor, like Malaysia?!?

Go figure; and this is what his "legacy" in this issue will become; accepting uniting with countries through their participation in TPP, which still allow slave and child labor?!?

How deliciously ironic!!

Aug 13 09:54


There are movies, and then there is real life.

Global military spending rose to $1.68 trillion in 2015, making up about 2.3 percent of the world’s gross domestic product, according to Bloomberg. To document a small portion of it, over the past four years, photographer Guillaume Herbaut has been traveling to Jordan, Qatar, France, and India to look beyond the glossy veneer of the world's weapons markets.

This is what he found.

Webmaster's Commentary: 

When you look at American society today, with the understanding of just how much of this country's money is spent on war (50%, that we know about), the horrific, grinding poverty in which so many in this country live, coupled with the "sedatives" of mass entertainment and other very real drugs with which to mask the symptoms of our legitimate frustration and despair, you start to see the truth of the situation in the United States.

We have become a "deep-state controlled" dictatorship, which is committed to commandeering resources around the globe to which this government has absolutely no moral right; making sure that they are controlled by the national and multi-national corporations which contribute to political campaigns; and that those resources are sold only in US dollars.

There is no real "choice" for the American people, when that Kabuki-style, bizzaro-world national election comes up every 4 years here; we generally merely have the illusion of choice. By the time candidates are "vetted" by the corporations which support them, and have the assurances that these perpetual wars for profits and resources are going to continue, no matter how detrimental they will be to average American citizens, those are the candidates with which we are left.

But this year might be different.

In our Democratic Candidate, Hillary Clinton, you see the worst of establishment excess, a sociopathic millionaire warmonger, with a desire for power and money driving everything she does.

She doesn't care at all for the people of this country; only the power and money the office of the President will bring her.

And if you don't believe me, take a good hard look at the countries which payed the Clinton Foundation for special financial opportunities.

For example, take a look at the Middle Eastern and North African countries which contributed to the Clinton Foundation:

Countries Clinton Foundation Accepted money from, and what they do to their LGBT citizens

But that's not all. What else do they have in common?!? The bad news just keeps on coming, folks, and is displayed here:
Prevalence of Female Genital Mutilation by Country

Do the correlation; every North African and Middle Eastern country from which the Clinton Foundation took money jails, castrates, or executes its LGBT citizens, and allows the barbaric practice of female genital mutilation.

As a Christian, and an equity feminist, I have to shake my head, and wonder; how in the name of heaven did Bill and Hillary accept money from these countries when they had to know, absolutely, these countries still permit such barbarities?!?

The short answer is, the Clintons took the money from these countries because they have absolutely no morality whatsoever.
Money wins campaigns, and where the money came from was of absolutely no concern.

Is this the kind of President you want running this country in 2017?!?

Then, we have, at Stage Right, Donald Trump, who did what many people thought was unthinkable several months ago; he won the Republican nomination for President.

He's absolutely not a career politician, which I think this country needs right now.

Do I agree with everything the man says?!?


But the two things he has going for him are understanding how to make a business run successfully, and the smarts to be quickly and intelligently tutored in what he does not know, in terms of military and geopolitical issues.

Although Trump may, at times, appear to be a rather blunt instrument, particularly with his off the cuff remarks, in a bizzare way, this election, he is the peace candidate. He has stated, for the record, that he wants better relations with Russia.

Clinton, on the other hand, has stated, for the record, that she wants to find a justification to attack Iran, to make her Israeli handlers happy.

So just let that sink in for a moment, and ask yourself: do I want the candidate who will conjure up more wars to make her corporate, banking, and Israeli "owners" happy, or do I want a candidate who is talking about peace through commerce?!?

This could be the most important Presidential choice the American people have had in some time now; please make it count!!.

Aug 13 08:13

Obama's Operation Choke Point Is "Unbridled Abuse Of Executive Power, Completely Outside The Rule Of Law"

These procedures completely subvert rule of law. The reputation risk concept enables these regulators to force financial institutions to close any account and cease business with any business they deem to be either “improper” or “unsavory.” This is a method to deny the businesses the financial support structure they are dependent upon to conduct their affairs and eventually to force the businesses to close. If the bank refuses to turn on the client, then the bureaucracies will attack the bank and punish it. Some of the largest targeted sectors are pawn shops, tobacco outlets, gun dealers, and check-cashing services. There are reasons these businesses are listed as “unsavory.”

Aug 12 23:06

Yes! The System Is Rigged!

If 2016 taught us anything, it is that if the establishment’s hegemony is imperiled, it will come together in ferocious solidarity — for the preservation of their perks, privileges, and power.All the elements of that establishment — corporate, cultural, political, media — are today issuing an ultimatum to Middle America:Trump is unacceptable.

You want Trump out? How do we get you out?
But if Hillary Clinton takes power, and continues America on her present course, which a majority of Americans rejected in the primaries, there is going to a bad moon rising.

And the new protesters in the streets will not be overprivileged children from Ivy League campuses.

“Those who make peaceful revolution impossible will make violent revolution inevitable,” said John F. Kennedy.

Aug 12 18:40

1 In 3 UK Households On Brink Of Homelessness – Shelter

One in three British households are teetering on the brink of homelessness because rent and mortgage payments have dramatically risen high, while real wages have fallen.

Aug 12 15:34

China’s Already Started Bailing Out its Banks

Aug 12 15:30

Homeowners reveal their deeds have disappeared from banks after years of 'safe keeping'

Home owners across the country have revealed that their property deeds have been disappearing from banks in recent years.

Callers to RTÉ Radio One’s Liveline this afternoon spoke about how they had lodged their title deeds with their banks and can now no longer access them.
One caller, Sylvia Briggs said she had lodged an envelope containing her deeds with her bank in Dublin 16 years ago but when she returned to collect them this year she was told the bank did not have the envelope.

Sylvia explained: “The year 2000 I went to Bank of Ireland, which was my bank, over in James’s street and I put it in an envelope for safe keeping, which was very obviously the title deeds to my house – that was in June 2000.
“I went back on the 29th May this year and I asked them for them. Now I did that on the phone and about two days later I rang, giving them time to retrieve them and they told me they hadn’t got them.

Aug 12 14:56

Hunger And Food Waste In A World Of Plenty

Food, like shelter and health care, is enshrined in the Universal Declaration of Human Rights as a fundamental right of all people, irrespective of circumstances or income. And yet one in nine of the global population does not have enough to eat – despite the fact that there is enough food to feed everyone.

Aug 12 13:26

Americans Abandon Another Overpriced Retailer

Ralph Lauren is struggling. Sales were down in its most recent quarter. Retail revenue dipped 3%, consolidated comparable sales declined 6% on a reported basis, and wholesale revenue declined 5% — something that shouldn’t be too surprising, considering how many department stores — from Macy’s to Nordstrom — have reported negative comparable sales in recent quarters.

Aug 12 11:46

Negative Rates for the People Arrive as German Bank Gives In

When the European Central Bank introduced a negative interest rate on lenders’ deposits two years ago, few thought things would ever go this far.
This week, a German cooperative savings bank in the Bavarian village of Gmund am Tegernsee -- population 5,767 -- said it’ll start charging retail customers to hold their cash. From September, for savings in excess of 100,000 euros ($111,710), the community’s Raiffeisen bank will take back 0.4 percent. That’s a direct pass through of the current level of the ECB’s negative deposit rate.
“With our business clients there’s been a negative rate for quite some time, so why should it be any different for private individuals with big balances?,” Josef Paul, a board member of the bank, said by phone on Thursday. “As it looks today, charges on deposits won’t be extended to customers with lower amounts” than 100,000 euros, he said.

Webmaster's Commentary: 

This may well be the proverbial financial "canary in the coal mine; look to see other banks, both inside, and outside of Germany, start to adopt this trend.

And no wonder banks now want to do away with cash; because with these negative rates, customers are going to look for other places than banks to stash their cash.

The purpose of a savings account USED to be to see a little extra added to that account on a monthly basis; now, that is no longer the case.

Aug 12 11:35

Wall Street Celebrates Mass Layoffs By Macy’s…

Wall Street rose to new record highs on all three major stock price indexes Thursday, powered by rising oil prices and the announcement by Macy’s, the biggest US department store chain, of better-than-expected profits and a massive store-closing program, which could wipe out as many as 12,000 jobs.

Aug 12 11:24

Keiser Report: Phantom Pension Funding

In this episode of the Keiser Report from Washington DC Max and Stacy discuss the reckless gamble that Governor John Kasich of Ohio - one of the ‘legitimate’ and ‘respectable’ candidates (as per the media) in the Republican primaries - chose to take with the state’s pension funds.

Aug 12 11:00

Fixed Income Has Absolutely No Value

Aug 12 09:07

Here’s what happened when this European country slashed its taxes

Romania Slashes Taxes, Speedy Growth Ensues

Aug 12 08:55

Mysterious "Computer Glitch" Conveniently Cancels Hotel Rooms For Fed Protesters At Jackson Hole Event

Over the last two years, the Fed Up Campaign has routinely brought a coalition of low-wage workers to Jackson Hole, Wyoming to protest Federal Reserve hike rates amidst the unequal “economic recovery.” The Jackson Hole event is invite only, closed to the public and costs $1,000 per person to attend.

It appears that this year, Janet Yellen and company went out of their way to ensure there would be no such protests diverting the attention of the nation's most esteemed economists.

According to a formal complaint filed by Ady Barkan, the Campaign Director for the Fed Up Campaign, to the DOJ and the Department of the Interior, “In early May, members of our coalition made three separate reservations for a total of 13 rooms at the Lodge for the nights of August 24, 25, and 26. We paid for the rooms. We requested and paid for rollaway beds that would allow us to sleep three guests to a room, for a total of 39 guest accommodations.

Webmaster's Commentary: 

Computer glitch my ASCII!

Aug 12 07:58

Germany's economic growth PLUNGES amid fears for eurozone

GERMANY'S growth plunged in the second quarter of the year, sparking fears that Europe's largest economy is running out of steam.

Chancellor Angela Merkel oversaw Gross Domestic Product (GDP) increase by just 0.4 per cent between April and July quarter, sharply down from the 0.7 per cent recorded in the first three months of the year.

Aug 12 07:11

Hillary Clinton vows to 'stand up to China'

Speaking to a crowd in the US state of Detroit - where she unveiled her plans on global economic issues - Clinton said on Thursday the world's second largest economy had “gamed the system” for too long.

Webmaster's Commentary: 

"And that's our job!" -- Hitlery

Aug 12 07:11

Globalization Is Dead, But The Idea Is Not

I personally have the idea that if you think central banks -and perhaps governments- have the ability and the tools to prevent or cure financial crises, you’re in the more optimistic camp. And if you don’t, you’re a pessimist. A third option might be to think that no matter what central bankers do, things will solve themselves, but I don’t see much of that being floated. Not anymore.

What I do see are countless numbers of bankers and economists and pundits and reporters holding up high the concept of globalization (a.k.a. free trade, Open Society) as the savior of mankind and its economy.

And I’m thinking that no matter how great you think the entire centralization issue is, be it global or on a more moderate scale, it’s a lost case. Because centralization dies the moment it can no longer show obvious benefits for people and societies ‘being centralized’. Unless you’re talking a dictatorship.

Aug 12 06:45

Paul Craig Roberts US is Completely Busted, Non Delivery of Gold Crash the System

Aug 11 20:06

LIGHTS ON BUT NO ONE’S HOME: EU 'burning money' by illuminating EMPTY buildings

THE EUROPEAN Union has been accused of showing “contempt for taxpayers” by leaving the lights on in near-abandoned buildings over the summer.

In a series of pictures taken this month, apparently deserted rooms in the European Parliament are shown with their lights still ablaze, including a row of spotlights shining on a piece of Brussels artwork.

Even the main Altiero Spinelli building of the European Parliament is seen with its lights still glaring, despite the fact the building’s entrance appears to be closed with drawn shutters.

Aug 11 19:51

Political Chaos Isn’t The Only Problem In Spain…

With all the world’s attention focused on the slow-motion disintegration and belated — and possibly ill-fated– “rescue” of Italy’s financial system, other somewhat smaller but nonetheless important crises are going unnoticed in Europe’s hinterlands. They include the gathering problems in government-less Spain.

Aug 11 19:36

GERMANY FACING FINANCIAL CHAOS? Deutsche Bank plunges into crisis as share value plunges

ANGELA Merkel could be facing financial chaos after Germany’s largest bank fell into the middle of its biggest crisis as share prices plummeted due to customers losing faith.

Deutsche Bank’s commercial arm recorded a shocking share price drop of 31 per cent as it hurtled to its lowest in five years.

Aug 11 14:29

9 U.S. CITIES Where Homeowners Are UNDERWATER

Aug 11 13:37

What Do They Know That We Don’t? World’s Billionaires Are Stockpiling Cash: “Taking Money Off the Table”

Many of these people literally helped to build the system we all now rely upon, and now they are holding cash, gold and other assets our of fear that stocks will crash and digital instruments of wealth could be undermined:

The world’s billionaires are holding more than $1.7 trillion in cash — the highest amount since one firm began recording the measure in 2010. Because of what they perceive to be growing risks in the economy and world, the world’s 2,473 billionaires are keeping 22.2 percent of their total net worth in cash.

Read more at SHTF

Aug 11 12:47

Barclays Settles $100mn Claim With Most US States Over Libor Scandal

Barclays, a British multinational banking and financial services company, shells out a $100 million settlement with more than 40 US states over claims that it rigged the Libor rate system.

Aug 11 11:45

OBAMACARE On The Verge Of Collapse As Premiums EXPLODE

If Obamacare enrollments continue their current trend and insurers continue to hike premiums at alarming rates then Republicans may not have to worry about “repealing and replacing Obamacare” as it might just work itself out “naturally”. The 4th open enrollment period for Obamacare begins on November 1, 2016 and industry experts are warning that another year of tepid demand from “young and healthy” Americans could force more insurers out of the exchanges effectively marking the end of Obamacare as we know it.

Aug 11 11:13


The failures of government intervention in the economy have made headlines yet again. Recent stress tests by the Federal Housing Finance Agency found something sinister brewing under the surface at notorious mortgage giants Fannie Mae and Freddie Mac. The results show that these puppet companies could need up to a $126 billion bailout if the economy continues to deteriorate.

Aug 11 09:39

A Spreading Sign of Silver's Potential

Aug 11 09:27

Even Reuters Gets It: "Money-Printing Has Pushed Stocks Out Of Kilter With Economic Reality"

It appears that the world's central-scammers have finally gone too far. In a shockingly Zero-Hedge-ian statement, Reuters is forced to admit that "spooked by the end of a 30-year bond bull run and bouts of money printing which have pushed stock values out of kilter with economic reality," high-profile investors are turning their backs on financial assets and favoring real assets.

Aug 11 09:10

Macy's is closing another 100 stores

In a sign of how dramatically the retail shopping landscape is changing, Macy's is closing 100 of its stores nationwide.

Webmaster's Commentary: 

As a sign of the desperation in the retail world, the 2016 Christmas shopping season has already started at our local mall ... in AUGUST!

Aug 11 09:00

Is The Government Planning To Confiscate Gold Again?

On April 5, 1933, under the pretext of a national emergency, President Franklin D. Roosevelt issued Executive Order 6102, making it illegal for U.S. citizens to own gold.

Aug 11 08:28

Obamacare On "Verge Of Collapse" As Premiums Set To Soar Again In 2017

If Obamacare enrollments continue their current trend and insurers continue to hike premiums at alarming rates then Republicans may not have to worry about "repealing and replacing Obamacare" as it might just work itself out "naturally". The 4th open enrollment period for Obamacare begins on November 1, 2016 and industry experts are warning that another year of tepid demand from "young and healthy" Americans could force more insurers out of the exchanges effectively marking the end of Obamacare as we know it. According to a story published by The Hill, 11 million people bought health insurance through the exchanges for 2016 which was drastically below the Congressional Budget Office's initial projection of 21 million.

Aug 11 07:23

Farmer Forced By USDA Board To Dump Cherry Crop On Ground

The Michigan farmer, Marc Santucci, posted a picture to Facebook July 26 showing thousands of cherries on the ground, hours from rotting, because of an order from a board that is overseen by the US Department of Agriculture. He said he was forced to dump 14 percent of his crop, and other farmers as much as 30 percent.

The picture quickly went viral and has garnered 63,000 shares, 12,000 likes and 8,000 comments.

The dumped cherries cannot be sold.

“These cherries are beautiful,” Santucci wrote on his Facebook page. “But, we have to dump 14 percent of our tart cherry crop on the ground to rot. Why? So we can allow the import of 200 million pounds of cherries from overseas! It just doesn’t seem right.”

Webmaster's Commentary: 

So, the US Government orders domestic growers to destroy their domestically-produced food, to make way for foreign imports?

Does that make any sense at all, other than the foreign producers have paid the right bribes to the right US government officials?

Why not take that food and distribute it to the homeless and hungry?

Is the entire US government on drugs?!?

Aug 11 06:37


Aug 11 06:16

CRASH2: Life’s a beach, and then you die

Aug 10 18:23

BLS Just "Revised" Away Obama's "Fastest" Wage Growth Since The Crisis

In yet another stunning tribute to the "accuracy" and "consistency" of economic propagandadata being reported by our government agencies, the Bureau of Labor Statistics yesterday reported a massive downward revision of the 1Q 2016 YoY real wage growth from +4.2% to -0.4% (a 4.6% swing).

Aug 10 16:56

Brace Yourselves, America: The Next Huge Housing Bailout Could Be Coming

By Shaun Bradley

The failures of government intervention in the economy have made headlines yet again. Recent stress tests by the Federal Housing Finance Agency found something sinister brewing under the surface at notorious mortgage giants Fannie Mae and Freddie Mac. The results show that these puppet companies could need up to a $126 billion bailout if the economy continues to deteriorate.

That’s right — the two companies that were taken over by the government and that sucked $187 billion from the treasury could be entitled to more taxpayer money...

Aug 10 16:27

DIVIDED EU: Germany prospers as Spain, Italy and Portugal spiral into stagnation

A survey of voters in Eurozone nations has revealed how there are stark differences between the prosperous north and impoverished south as the gulf between the winners and losers of the single currency experiment grows ever wider.

In booming Germany, whose exports have been propped up by the relatively weak value of the Euro, three quarters of people feel optimistic about the state of the economy and the country’s future.

But at the other end of the scale there is Greece, where only an abysmal two per cent of the population feel that the financial system is working in their interests.

Aug 10 16:21

REVEALED: Desperate EU bosses splurge €1TRILLION on bonds to prop up ailing eurozone

THE European Central Bank (ECB) has splurged almost €1trillion on bonds in the last 18 months in a desperate bid to prop up the ailing eurozone.

Aug 10 15:22

The More the Establishment Freaks Out Over Trump, the More Attractive He Becomes

The Establishment is freaking out about Donald Trump for one reason: they didn’t pick him. The Establishment is freaking out because the natural order of things is that we pick the presidential candidates and we run the country to serve ourselves, i.e. the financial-political elites.

Donald Trump’s candidacy upsets this neofeudal natural order, and thus he (and everyone who supports him) is anathema to the Establishment, heretics who must be silenced, cowed, marginalized, mocked and ultimately put back in their place as subservient debt-serfs.

Aug 10 15:21

Lear talking about moving jobs from Mexico to Detroit

Three years ago during the depths of Detroit's bankruptcy, the odds were slim that you'd attend a conference at a local hotel and hear someone dangle the possibility of thousands of jobs, maybe, heading from Mexico to Detroit.

But it's a new game in town, as the city works past the largest municipal bankruptcy in history. Conrad L. Mallett Jr., chief administrative officer for the Detroit Medical Center, on Wednesday told an audience at a NeighborWorks Training Institute conference in Detroit that he was going to be attending a board of directors meeting for Lear later that day where one of the agenda items was to discuss how to bring 5,000 jobs back from Mexico to this region.

Aug 10 11:52

$8 Trillion Short On Pensions?! “No One Goes To Jail Because Establishment Is Complicit”

An Unsolvable Math Problem: Public Pensions Are Underfunded By As Much As $8 Trillion

Webmaster's Commentary: 

The ghost of the 2008 mortgage-backed security fraud melt-down!

Aug 10 11:47

Trump: Obama Put Nearly 12 Million More Americans on Poverty Food Stamps Program

Republican presidential candidate Donald Trump blamed incumbent leader Barack Obama for increasing poverty in the United States and crippling private enterprise.

Aug 10 11:42

Dispelling Illusions

Welcome to the wonderful world of illusions. This is the world where few people can see the difference between reality and fantasy. And maybe there is no difference. Just looking at the US election and the candidates, it seems like a total fantasy from this side of the Atlantic. It is difficult to take the whole election process as well as the candidates seriously. But this is the world we live in today. Having in the last week seen people in many European countries run around the countryside and cities chasing Pokémon Monsters, you wonder if the presidential candidates might also be part of the same game.

Aug 10 10:01


Aug 10 09:59

Ignored: Poor Whites

“As it turns out, our deeply racialized view of poverty bears no resemblance to reality. Though it’s true that African Americans are disproportionately likely to live below the poverty line, it is also true that the vast majority of those in poverty are white: 29.8 million people. In fact, there are more white poor than all other poor combined.

Aug 10 09:17

£100,000 pensions that won't even buy a fish supper: Annuity payouts slashed again after last week's rate cut

Money Mail today reveals how the Bank of England's bid to boost the economy has left pensioners with incomes of just £6 a day after a lifetime of saving.

Four of Britain's biggest insurers have slashed pension payouts since official interest rates were halved from 0.5 per cent to 0.25 per cent and billions of pounds was pumped into the economy last week.

Aviva, Legal & General, LV= and Just Retirement have all axed the top deals for new customers who want to turn their pensions into an income for life, and are offering married couples a paltry inflation-proofed income of £2,256 a year at most for every £100,000 in their pots.

Aug 10 08:06

Give Me Control Of …

“Give me control of a nation’s money and I care not who makes its laws.”

Supposedly this is a quote from Mayer Amschel Bauer Rothschild. Ignore the distinct possibility that he did not make this statement, but let’s assume the concept, if not the quote, is accurate.

The Federal Reserve and other central banks exercise considerable control over our economies via interest rates, debt creation, QE and more. They create massive profits for the financial industry that in turn purchases many politicians and Presidents.

Now expand the concept into other areas and see if the results ring true.

Give me control of a nation’s financial systems and I shall own the politicians who make the laws.
Print currencies and buy politicians. Same idea – it is easy!

Give me control of the FBI investigators and I can avoid prosecution and indictments.
Hmmmm. There was something in the news about this recently…

Aug 10 08:02

Bullion Investors Versus the Machines