Oct 07 12:37

Unemployment Rises To 5 Percent In September; 94,184,000 Out of Labor Force

The national unemployment rate in September rose to five percent, as the United States economy added only about 156,000 jobs, according to statistics released by the Labor Department on Friday.

Webmaster's Commentary: 

These two figures are mutually exclusive, and this is because the Department of Labor doesn't count those who have been out of a job "too long" to really "count" as looking for work.

Obama Administration, we know this; you're lying again by cooking the employment numbers, but it just doesn't work any more.

Oct 07 12:01

Bernie Sanders and Elizabeth Warren: Investigate Wells Fargo Executives

Senators Bernie Sanders and Elizabeth Warren are not satisfied with the fines being imposed on Wells Fargo after they defrauded thousands of customers.

Sanders and Warren have written a letter to Attorney General Loretta Lynch, asking for a full investigation into senior Wells Fargo executives. They also do not want her to rule out criminal charges.

Oct 07 10:07

Inflation – The Simple Explanation is Theft

Inflation is theft. It is a simple concept that a single mother and a retiree understand but a PhD in Keynesian Economics probably does not.

Oct 07 09:10

U.S. Economic Growth Downgraded to Largest 1-Year Drop Seen for Advanced Economy

The International Monetary Fund downgraded the economic growth outlook for the United States to 1.6 percent in 2016, which is the largest one-year drop seen for an advanced economy, according to the Fund’s World Economic Outlook report.

According to the report, the United States grew at a rate of 2.6 percent in 2015 and is projected to slow to 1.6 percent in 2016, a decline of 38 percent. The United States’ decline in growth is the largest one-year drop seen in all of the advanced economies such as the United Kingdom, Canada, Germany, Italy, and Spain.

Oct 07 09:00

European Banks in the Eye of the Storm

Oct 07 08:42

California Becomes First State To Request "Waiver" To Offer Obamacare To Illegal Immigrants

Remember that time when South Carolina Representative Joe Wilson shouted "You Lie!" just after President Obama assured American's before a joint session of Congress that illegal immigrants would not be eligible for Obamacare?

Apparently California Governor Jerry Brown was not convinced by Obama's denials as he signed a bill back in June that allowed the state to apply for a federal waiver to open Covered California to illegal immigrants. And, lest you thought it was a bluff, Covered California’s Executive Director Peter Lee has just sent a letter (attached in its entirety below) to the Health and Human Services Secretary, Sylvia Burwell, requesting a waiver to "expand access to undocumented individuals."

Oct 07 08:27


A growing movement to take pension money out of hedge funds, then, isn’t just about high fees and bad returns. It’s part of a larger effort to wrest control of the economy away from the financiers who’ve created a system that works only for the super-rich.

Oct 07 08:24

Andrew Maguire – This Gold Takedown Charade Is About To Backfire Violently On Western Central Banks

On the heels of another plunge in the gold and silver markets, London metals trader and whistleblower Andrew Maguire told King World News this gold takedown is about to backfire violently on Western Central Banks.

Andrew Maguire: “Looking at the physical flows and the aggressive commercial short covering into leveraged specs in the Comex casino, the gold and silver prices will rise quickly once China returns on Sunday night/Monday morning. Monday is also a U.S. holiday so we could expect some fireworks…

Oct 07 07:29

ObamaCare architect confronted over rising premiums

Oct 07 07:23

94,184,000 Not In Labor Force; Labor Force Participation Rises; Unemployment Rate Ticks up to 5.0

94,184,000 Americans were not in the labor force in September, 207,000 fewer than in August, and the nation's labor force participation rate, which began its steady downward trend in 2000, showed little change last month, rising a tenth of a point to 62.9 percent compared with August.

At a recent news conference, Federal Reserve Chair Janet Yellen said the labor force participation rate has increased on balance since late last year, which "shows a substantial number of people are being attracted into the labor market."

Oct 07 07:21

Panama Papers? Try UNITED STATES Papers?!

I received a call from a banker – a US banker – asking me whether I’d be interested in helping our European investors and wealthy families transfer their wealth to the US. He asked me whether we would like our European clients to hide their assets with his bank. “After all, the US offers foreigners [not Americans of course…!] the highest level of banking secrecy and safety.” US banks are openly shopping for non-US business, openly inviting them to evade taxes by taking advantage of the US tax haven!

Oct 07 07:10


A U.S. bankruptcy court on Thursday approved a motion to terminate Magnetation LLC’s pellet purchase agreement with AK Steel, effectively marking the end of the innovative mining company.

Oct 07 06:52

Two-Minute Mystery Pound Rout Puts Spotlight on Robot Trades

While he may never be able to pin down the catalyst for Friday’s drop, Mumford and many of his peers agreed that the sell-off was probably exacerbated by computer-driven traders reacting at speeds faster than any human could muster. So-called algorithmic transactions in the foreign-exchange market have more than tripled over the last three years, accounting for almost $200 billion of daily turnover, according to Aite Group, a consultant in Boston.

Oct 07 06:47

French Senate to Urge European Parliaments to Lift Anti-Russian Sanctions

France's upper house of parliament, the Senate, would continue its efforts aimed at lifting the sanctions imposed against Russia, discussing the issue with the parliaments of other European states, a French senator said Friday.

"You have had a keen eye for the fact that the French Senate is moving toward lifting sanctions and I am sending you a message that it would be actively engaged in these activities not only in France, but through a parliamentary dialogue with all European countries," Jean Bizet said at a meeting in the upper house of the Russian parliament, the Federation Council.

Oct 07 06:30

IMF: Global debt rises to all-time high $152tn

The International Monetary Fund (IMF) has raised concerns over ballooning global debt that has reached 225 percent of the world’s gross domestic product (GDP), which could lead to financial crises.

Oct 07 06:27

Smash and grab PoS pwners ready with pre-Xmas malware update

A smash and grab malware gang has updated its FastPoS point of sales hack app to plunder credit cards more efficiently ahead of the festive season.

The FastPoS author is known for issuing an annual update to the malware which throws stealth to the wind in favour of quick and noisy raiding.

The technique marks FastPoS as distinct from rivals that attempt to dump and store cards on local systems before quietly hoovering it off in a bid to extend the time before banks can cancel cards.

FastPoS was first found in March last year and has since been known for receiving pre-Christmas updates to allow it to plunder modern PoS systems.

Trend Micro researchers say the malware is already being used to target small businesses.

Oct 06 21:08

Global Firepower

Analysis of conventional war-making power of 125 countries based on weapons,resources,manpower,finances ect.

Oct 06 17:05


Oct 06 16:47

Video: Keiser Report: Stealing Is Legal In America

In this episode of the Keiser Report, Max and Stacy discuss how finance is ruining America.

Oct 06 14:57

Monsanto Reports Lower Profits But Acquires New Technology in Shift Away From Current GMO Methods

By Baran Hines

Monsanto Company announced its fourth quarter and fiscal year 2016 earnings on Wednesday, with mixed results showing the company is under pressure.

...The global seed and chemicals industry is also facing continued difficulty as a result of the sagging global economy’s effect on commodity prices. The effects of this trend over multiple years has led to the proposed consolidation of major firms. In addition to the Bayer-Monsanto deal which would create the biggest company in the industry, China National Chemical Corp.’s plans to acquire Swiss pesticide maker Syngenta AG while DuPont Co. and Dow Chemical Co. plan to merge and then create a new seed science division...

Oct 06 13:47

IMF heralds catastrophe for major banks of EU and US

The International Monetary Fund said in a report published on October 5 that a significant number of major banks in wealthiest countries of the world are so weak that neither the growth of world economy nor the increase in interest rates will help them solve their problems. The list of problematic credit organizations includes one-third of European banks with assets totaling $ 8.5 trillion and a quarter of US banks with assets worth $ 3.2 trillion. According to the IMF, the financial stability now depends on how well financial institutions can adapt themselves to the new era with tougher regulation and supervision, restrained growth and low interest rates. Experts note that despite the improvement in the structure of bank assets and equity indices, low profitability remains a significant problem that can not be solved through cycles of economic recovery. The report, in particular, draws attention to euro-zone banks, the profits of which have halved since average levels of 2003-2006.

Oct 06 12:43

Iceland finds all guilty in banker market-abuse case

Iceland’s Supreme Court has return a guilty verdict for all nine defendants in the Kaupþing market manipulation case, the court trial for which began in April 2015.

Webmaster's Commentary: 

Hang 'em!

Oct 06 11:55

Thank you, Bill Clinton for endorsing Donald Trump

Donald Trump wants to repeal ObamaCare. Hillary wants to expand it. The choice doesn’t get any clearer than that.

Knowing this, it’s pretty clear that anyone who supports ObamaCare, supports Hillary. Anyone who despises ObamaCare and agrees it’s a disaster is endorsing Trump.

Enter Bill Clinton.

Oct 06 11:50

Calif. Department of Public Health Approves Mass Evictions of Eureka Nursing Home Residents

Condemnation by public officials was swift. Senator Mike McGuire issued a statement to the North Coast Journal expressing extreme disappointment and called the closure plans “devastating” and “completely irresponsible.” Local ombudsman Suzi Fregeau called the Department’s decisions “catastrophic.” Contradicting the operator’s claims that it could not give away the facilities, the Eureka Times-Standard reported that the Partnership Health Plan of California had offered to buy and run one or more of the facilities from Rockport but that the asking price was “untenable.” The Lost Coast Outpost posted a statement from Assemblymember Jim Wood stating “Rockport remained steadfast in walking away from more than 200 vulnerable residents and their families” and describing the demand for an “unreasonably high” price as “unconscionable.”

Oct 06 09:05

Two Thirds Of Young American Adults Live With Their Parents

As part of its periodic report on "Society at a Glance" which looks at how youth across member states are faring in terms of several social indicators, such as employment, poverty, marriage and health, the OECD also provided a unique glimpse into modern household composition, namely the percentage of young adults, those aged 15-29, living at home. What it found is that since the Great Recession, there have been significant shifts worldwide in the number of young adults living at home.

From 2007 to 2014, the number of youth living at home in countries belonging to the Organization for Economic Cooperation and Development increased by 0.7%, rising to 59.4%.

Oct 06 08:41

Bill Clinton Blames Capitalism, Not NAFTA, for Jobs Going to Mexico

Former presidential Bill Clinton wants to blame capitalism, not NAFTA, for the Carrier air conditioning company choosing to close two plants in Indiana and move them to Mexico.
Clinton argued that The North American Free Trade Agreement that he signed was not the reason why so many jobs were going to Mexico.

“It’s not what was going on at all,” he said, saying the companies were making high profits but were forced to move to Mexico by company shareholders.

“This is classic what’s wrong with America today,” he said, calling it “quarterly capitalism” letting “the finance tail wagging the economic dog.”

According to Clinton, Carrier would save about $65 million by moving its manufacturing plants to Mexico.

Webmaster's Commentary: 

And so Clinton is saying that NAFTA didn't "grease the skids" to make offshoring/outsourcing more "convenient" for American companies?!?

That is complete, grade A bovine excrement, and he knows it!!

Oct 06 08:22

3 Jonathan Gruber Videos: Americans "Too Stupid to Understand" Obamacare

Webmaster's Commentary: 

My father attended MIT, so I know first hand that it indoctrinates their graduates with a strong sense of intellectual elitism, and the presumed inferiority of anyone who went to a lesser school.

Oct 06 08:18

‘Brexit means FREEDOM’ – Ex-Australian PM Tony Abbott rushes to propose trade deal with UK

FORMER Australian Prime Minister Tony Abbott has proposed a "no tariffs" trade deal between Australia and the UK.

Oct 06 07:49

Ruble best performing emerging market currency since OPEC deal in Algeria

The Russian currency is extending its gains on Wednesday, buoyed by rising oil prices. The ruble has outpaced the Argentinian peso, Hungarian forint, Taiwanese dollars and other emerging market currencies since OPEC agreed to cut production last week.

Oct 06 07:32

The New 'Too Big To Fail' - EU Proposes Taxpayer-Funded Derivatives System Bailout

It would appear the powers-that-be have just stumbled on to the ugly fact that all the bailed-in depositor money in the world won't stop the novated, rehypothecated, collateral chain collapse contagion that Deutsche Bank's $40 trillion-plus derivatives book's Damocles sword hangs over the status quo. However, being the problem-solving types, the European technocrats have a 'fair-share' solution - back a derivative clearing-house with taxpayer money to solve the new too-biggest-to-fail problem "that no one saw coming."

While the "rules" right nbow are that everyone from shareholders, bondholders, and depositors alike on up the capital structure are supposedly "bailed-in" to save an ailing bank, this problem is just way too big.

Webmaster's Commentary: 

Oct 06 06:23

Top Gold Forecaster: “As Quickly As Gold Fell” May “Rally Back” on Global Risks

Gold’s largest plunge in 14 months may soon reverse according to gold’s top forecaster in Q3 according to Bloomberg:

Webmaster's Commentary: 

The problem is that as long as there are morons willing to buy those way-over leveraged gold paper contracts, the money-junkies will go on printing them, to force the price of real gold down.

Oct 06 06:15

Free Yourself from Workplace Slavery: 33 Ways to Earn a Living Without a Traditional Job

Most people these days do not own their time. They have to abide by someone else’s schedule, accept the amount of money that an employer is willing to pay and organize their lifestyles around those hours, allotted money, and rules.

When people of my generation were growing up, many of our parents worked at the same job for decades, providing stability for us and our siblings. Times have changed, though. A regular, long-term job doesn’t always offer stability, a living wage, or fair treatment.

In fact, many jobs these days look an awful lot like slavery, and a lot of indebted Americans end up spending most of their waking hours with people they don’t even like, doing something they hate, and barely making enough money to survive.

Is that really how you want to spend 70% of your time? What if I told you that you that it was possible to be entirely free of the “employee” rat race and that you could be in charge of how you spend your life?

Oct 05 20:47

GERMAN FINANCIAL CHAOS: Deutsche downgrades Commerzbank as bosses cut nearly 10,000 jobs

DEUTSCHE Bank has downgraded Commerzbank days after bosses announced 9,600 job losses and nervous investors questioned the outlook of the European Central Bank’s bond-buying programme.

Commerzbank’s securities fell by as much as 0.7 percent to 5.77 euros today as analysts at Deutsche Bank classified the title from "Buy" back to "Hold", and reduced the price target from 9 to 6 euros.

Oct 05 16:58

Mastercard rolls out pay-by-selfie across Europe

MaterCard’s "selfie pay" will be coming to Europe next year after trials in the US, Canada and the Netherlands. The financial services firm is rolling out biometric technologies that will allow European consumers to authenticate their identity without a password, but with a selfie, in order to provide customers with a more convenient method to sign in and a faster checkout process. Security firms view the development as another sign of the mainstream availability of biometric authentication, comparing it to the introduction of TouchID fingerprint authentication technology in the iPhone.

Oct 05 15:01

Flashback - ObamaCare architect: 'Stupidity' of voters helped bill pass

An architect of the federal healthcare law said last year that a "lack of transparency" and the "stupidity of the American voter" helped Congress approve ObamaCare.

In a clip unearthed Sunday, Massachusetts Institute of Technology Professor Jonathan Gruber appears on a panel and discusses how the reform earned enough votes to pass.

He suggested that many lawmakers and voters didn't know what was in the law or how its financing worked, and that this helped it win approval.

"Lack of transparency is a huge political advantage,” Gruber said. "And basically, call it the stupidity of the American voter or whatever, but basically that was really, really critical for the thing to pass."

Oct 05 14:56

How To Contact The 17 Banks Funding The Dakota Access Pipeline

The Dakota Access pipeline is funded directly by 17 banks, many of which — Citibank, Wells Fargo — are ones you’ve probably heard of or do business with.

Researchers with the nonprofit Food & Water Watch found that 38 banking institutions are involved in funding the proposed Bakken pipeline, which would stretch from Canada to the Gulf of Mexico. A section of this project is the Dakota Access pipeline, where the Standing Rock Sioux and thousands of allies have physically put themselves in the path of the pipeline to protect their reservation and a stretch of the Missouri River.

Oct 05 14:52

The IMF Sounds An Alarm As Global Debt Hits A Record $152 Trillion Or 225% Of World GDP

Another record for the history books.

In addition to reporting on the dangers facing global banks as a result of declining profits in the current low rate environment, today the IMF also released its latest Fiscal Monitor report which sounded a loud alarm when it revealed something disturbing: at 225 percent of world GDP, the global debt of the nonfinancial sector, comprising the general government, households, and nonfinancial firms, is currently at an all-time high of $152 trillion.

Webmaster's Commentary: 

These numbers are insane, and cannot hold.

Oct 05 14:32

In Major Victory For Gold And Silver Traders, Manipulation Lawsuit Against Gold-Fixing Banks Ordered To Proceed

Back in April, precious metal traders felt vindicated when Deutsche Bank agreed to settle a July 2014 lawsuit alleging precious metal manipulation by a consortium of banks. As a reminder, In July 2014 we reported that a group of silver bullion banks including Deutsche Bank, Bank of Nova Scotia and HSBC (later UBS was also added to the defendants) were accused of manipulating prices in the multi-billion dollar market. The lawsuit, which was originally filed in a New York district court by veteran litigator J. Scott Nicholson, a resident of Washington DC, alleged that the banks, which oversee the century-old silver fix manipulated the physical and COMEX futures market since January 2007. The lawsuit subsequently received class-action status. It was the first case to target the silver fix.

Oct 05 11:42


Oct 05 11:40

The TRUTH about Banks (vid)

Oct 05 11:19

$30,000 Was Just Stolen From You

Greg Gunter just put out an excellent interview with Catherine Austin Fitts.

among other topics is the recent disclosure that $9 trillion is “missing” from the defence budget.

that’s $30,000 per man, woman, and child in the united states.

Oct 05 11:04

Oil field development in Arctic under question: US has no technologies

The US Caelus Energy company claimed about detection of an extensive oil field in Alaska, about 480km to the north off the Arctic Circle. The company believes that it'll be able to extract about 1.8-2.4bln barrels of oil. They also plan to build a 125-miles-long pipe, worth 800m dollars to transport the oil. Rustam Tankayev, Director General of the Infotek-Terminal, member of the Energy Strategy and Development Committee of the Russian Chamber of Commerce and Industry, told Pravda.Ru whether the US company is capable of putting its plans into effect...

Oct 05 10:24

German ex-chancellor to chair Nord Stream 2 project operator — media

Ex-chancellor of Germany Gerhard Schröder has become the Chairman of the Board of Nord Stream 2 company - operator of the Nord Stream 2 gas pipeline project, Germany’s media outlet Tagesspiegel reported on Wednesday citing a source in the company. The company confirmed such information, the media outlet said. Schröder earlier headed the consortium for construction of the first stage of the gas pipeline. Switzerland-based Nord Stream AG was founded for planning, construction and operation of two lines of the Nord Stream-2 subsea gas pipeline. Gazprom currently holds 100% of shares in the company. Gazprom’s European partners in the Nord Stream 2 gas pipeline project - Engie, OMV, Shell, Uniper and Wintershall - confirmed their position to facilitate its implementation, the Russian gas holding said earlier on Tuesday.

Oct 05 10:22

Italian companies show interest in Nord Stream 2, Turkish Stream — official

Italian companies show interest in participation in Nord Stream 2 and Turkish Stream gas pipeline projects, Russia’s Deputy Prime Minister Arkady Dvorkovich said on Wednesday. "Yes, Italian partners have interest. There is no secret, Saipem [subsidiary of Italia’s Eni - TASS] is participating in relevant procedures implemented by Gazprom for Nord Stream and Turkish Stream," the official said.

Oct 05 10:19

Free trade agreement between Eurasian Economic Union, Vietnam comes into force

The agreement on creation of a free trade zone between the Eurasian Economic Union and the Socialist Republic of Vietnam enters into force on Wednesday following its ratification by national parliaments of all countries participating in the pact. As a result of the launch of this mechanism, Vietnam will obtain a privileged access to the large and lucrative common market of five countries - Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan - with the total volume of gross domestic product of around $2.2 trillion and with almost 183 mln consumers. In exchange, the Eurasian ‘five’ will be able to promote its products in Vietnam with population exceeding 90 mln people, on easy terms.

Oct 05 10:09

Gundlach: "Deutsche Bank Will Be Bailed Out But What About Credit Suisse"

“Deutsche Bank will be supported by Germany if push comes to shove,” he said. “But what about Credit Suisse, which has shown a similar decline in stock price? Who’s there to bail them out?”

Oct 05 09:59

Feds Bust Largest Food Stamp Fraud In US History! (Stole More Than $13 Million)

New footage from PBSO shows the raids that led to the
discovery of the largest food stamp fraud scheme in U.S. history. 500
identities stolen in Palm Beach County to convert food stamp cards into
over $30 million dollars in cash.

Webmaster's Commentary: 

And .... it's gone! The YouTube video, that is!

Oct 05 09:56

Chicago Pension Liabilities Jump 168%, Understated by $11.5 Billion

New accounting rules show Chicago has understated its pension liabilities by $11.5 billion.

At the end of 2015 the stated liability was $7.1 billion. Today it’s $18.6 billion. That’s a jump in net liabilities of 168%.

Mayor Rahm Emanuel has hopes pinned on union concessions and help from the state legislature. Neither is likely.

Oct 05 09:55

German taxman goes after foreign banks

German state prosecutors are investigating nearly 60 foreign banks for "abetting tax evasion," a newspaper report has said. Self-declaring former tax-evaders are proving a particularly valuable source of information.

Oct 05 09:34

Leaked UN report drops a bombshell, slamming the UK and US for their role in the Syrian crisis

An internal United Nations report which the public wasn’t supposed to see has just hit the web. And its findings contain some explosive and uncomfortable truths.

Western sanctions on Syria, the report says, are harming ordinary civilians the most – preventing hospitals from accessing basic medical equipment and even hindering effective humanitarian aid.

The 40-page UN investigation was leaked to The Intercept‘s Rania Khalek, and was subsequently put online. The report describes a humanitarian crisis in Syria that is the worst the world has seen since World War II, due to the five-year-long conflict that has engulfed the country. It also outlines the many ways that Syria is being squeezed economically by the West, which it describes as some of the most complicated and far-reaching sanctions regimes ever imposed.

Oct 05 09:13


HOLLINGS: Well, the truth is...ah, shoot, well, we all know there's Washington's math problem. Alan Sloan in this past week's Newsweek says he spends 150%. What we've been doing, Mr. Chairman, in all reality, is taken a hundred billion out of the Social Security Trust Fund, transferring it over to the spending column, and spending it. Our friends to the left here are getting their tax cuts, we getting our spending increases, and hollering surplus, surplus, and balanced budget, and balanced budget plans when we continue to spend a hundred billion more than we take in.

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WRH Exclusive
Oct 05 09:04


I'm with the Russians. Destroy the terrorists!

After five years of war in Syria, the masks have come off. The publication of the text of the Russo-US agreement reveals the hidden intentions of the two great powers – Washington wants to cut the «Silk Road», while Moscow wants to destroy the jihadists.

Oct 05 08:23

The Obama Economy in Nine Charts

Oct 05 08:13

FLASHBACK - Kay Jewelers accused of swapping diamonds with fakes

Some customers are claiming that after they took their diamond jewelry to Kay Jewelers, the rare stones were mysteriously replaced with cheap imitations. Kay said that it is “actively reviewing this issue.” Shares of Signet Jewelers (SIG), Kay’s parent company, fell as much as 11 percent on Thursday, although the share plunge came after the company’s earnings fell short of analysts’ estimates.

Chrissy Clarius told BuzzFeed that she would bring her $4,300 engagement ring, which was bought at Kay Jewelers, to Kay every six months to get it inspected, as this was part of the company’s gemstone guarantee that insures the stone will “last forever.” After taking the ring in February for its six-month checkup, she said the Kay employee couldn’t find the diamond’s certification number. Suspicious, she took the ring to another jeweler, who tested the stone and declared that it was moissanite, a cheaper stone.

Oct 05 08:04

Brexit is just the start of a worldwide revolution against globalisation, warns the IMF 

Brexit could be the start of a worldwide revolt that threatens to lower living standards, experts have warned.

Webmaster's Commentary: 

Meaning the living standards of the money-junkies. Ordinary people are already suffering declines in living standards under globalism. Just ask all those people in Europe dealing with the flood of refugees!

Oct 05 07:51

It’s Official: US Government Ends Fiscal Year with $1.4 Trillion Debt Increase

The United States government closed out the 2016 fiscal year that ended a few days ago on Friday September 30th with a debt level of $19,573,444,713,936.79.

That’s an increase of $1,422,827,047,452.46 over last year’s fiscal year close.

Incredible. By the way, that debt growth amounts to roughly 7.5% of the entire US economy.

Oct 05 07:50

Even The New York Times Thinks Obamacare Is A Disaster - It's "Too Expensive And Inaccessible"

You know that you've failed as a democratic law maker if even the New York Times trashes your signature "achievement" as "too expensive and inaccessible." Unfortunately for the Obama administration, that is exactly how the Times chose to describe Obamacare concluding that it will "almost certainly have to change to survive."

Webmaster's Commentary: 

Oct 05 07:33


Oct 04 14:32

‘Poverty Is A Product Of The Institutions We Have In Society’ – CounterSpin Interview With Alice O'Connor On The Politics Of Poverty

The new census data show the steepest one-year decline in the US poverty rate in decades. The dip from 14.8 percent to 13.5 percent was widely heralded, if some did indicate that declarations like the New York Times’ “Millions in US Climb Out of Poverty at Long Last” might be overblown. The rate was 11.3 percent in 2000, after all, and the gains aren’t evenly spread around, or necessarily sustainable.

Oct 04 13:31

Whistleblower Andrew Maguire – A Staggering 1,000 Tonnes Of Paper Gold Rinsed Out Of Market In Today’s Takedown!

Andrew Maguire continues: “That’s just below the targeted 100-day moving average that was taken out earlier today. Before this is finished today, this will exceed over a shocking 1,000 tonnes of paper gold that will have been rinsed.

This takedown is a complete joke, and the wholesale market is all over (on the buy side of) this paper takedown. This is a desperate effort by Western officials to cover massive offside pre-Brexit over-the-counter short positions put on by their agent bullion banks near the $1,275 level.

Oct 04 13:29

Bankruptcy Filings up 2nd month for 1st time in 7 years

Bankruptcy filings in northwest Ohio rose for the second straight month in September — an occurrence that hasn’t happened in nearly seven years.

Oct 04 13:22

What To Do Before The Economy Crashes

Oct 04 10:16

Pentagon Announces “Third Phase” of Military Build-Up Against China. U.S. Economic Hegemony under TPP Supported by Military Might

US Defense Secretary Ashton Carter announced last Thursday a further dramatic expansion of the Pentagon’s “rebalance” or “pivot” to the Asia Pacific that will only heighten the already tense military confrontation with China in the region. He insisted that the Asia Pacific was “the single most consequential region for America’s future.”

Speaking on board the aircraft carrier USS Carl Vinson in San Diego, Carter outlined what he called the “third phase” of the US military build-up and the strengthening of a “principled and inclusive security network” in Asia. While claiming that Beijing was not excluded from the “network,” every aspect of the “third phase” is aimed at preparing for a war with China.

Webmaster's Commentary: 

A short memo to Sec Def Carter; isn't TPP officially "dead" in Congress, and unlike Frankenstein, unlikely to be revived?!?

Sec Def Carter, I would like to politely remind you that Obama cannot approve this through executive order; it has to be approved by Congress, and Congress is not moving in this direction at all.

And also, sir, just in case you missed the memo, the TPP, in its current configuration, allows countries where major corporations use slave labor as a matter of course to compete with the US: please tell me that you do not believe for one moment, that this is really "fair trade"?!?

As reported at last year:


In the body of this article, is reported the following:

"And it’s unlikely Thailand’s billion-dollar slave industry would prevent it from joining the TPP considering that Obama previously removed an anti-slavery provision from the TPP and also allowed Vietnam to join the partnership despite its flourishing slave trade.

“For… 16 hours, No. 31 and his wife stood in the factory that owned them with their aching hands in ice water,” the AP revealed. “They ripped the guts, heads, tails and shells off shrimp bound for overseas markets, including grocery stores and all-you-can-eat buffets across the United States.”
“After being sold to the Gig Peeling Factory, they were at the mercy of their Thai bosses, trapped with nearly 100 other Burmese migrants.”
It was only in Oct. that the Obama administration invited Thailiand to join the TPP “with open arms.”

“The United States ‘would welcome with open arms’ Thailand’s ruling junta wanting the country to participate in the U.S.-led Trans-Pacific Partnership (TPP) trade pact without waiting for the return of a full democratic government to the country, the newly appointed U.S. ambassador to Thailand said,” the Bangkok Post reported."

So what now, Sec Def Carter?!? Is the alleged "land of the free and the home of the brave" going to re-embrace slave labor here at home, in order to compete?!?

Sir, I would seriously doubt that Americans would put up with such nonsense for a millisecond.

Oct 04 09:37

Deutsche Bank Stock Slides On Reports Management "Mulling A Capital Raise"

Despite asserting numerous times that everything is awesome, Deutsche Bank is reportedly mulling a bonus freeze and more importantly a capital raise, according to German newsletter PLATOW Online.

Oct 04 09:26

The U.S Economic Storm That Will Crash The Global Economy

In this video Luke Rudkowski interviews Best-selling author, world-renowned speculator, and libertarian philosopher Doug Casey.

Oct 04 08:44

The Eurasian Century is Now Unstoppable

The idiotic wars of the Washington war-hawks and their military industry–in Syria, in Ukraine, Libya, Iraq and now the South China Sea provocations against China–are not going to stop what is now clearly the most impressive and economically altering project in more than a century.

The term “American Century” was triumphantly proclaimed in a famous editorial in Life magazine in 1941 in the early phase of World War II, before the United States had even entered the war, to describe the system publisher Henry Luce saw dominating the postwar world after the fall of the rival British Empire.

Oct 04 08:43

A big Dutch bank is replacing 5,800 people with machines, at a cost of $2 billion

European banks are desperately trying to find ways to save money in these straitened times. ING, a major Dutch lender, announced this week that it plans to save €900 million ($1 billion) a year by cutting 5,800 jobs as part of a “digital transformation.” A further 1,200 employees will have their jobs will be changed or moved.

This transformation doesn’t come cheap. ING plans to invest €800 million over the next five years on technology that will standardize its infrastructure, data, and other processes into “one digital banking platform.” Most of the job losses will be full-time staff in Belgium and the Netherlands, where risk management, finance, HR, and IT functions will be centralized. In Belgium, the number of ING branches will be cut to 650, from 1,200.

Oct 04 08:32

Busted Brothel-Owning Birmingham Pensioner Claims He Lent Millions In Profits To Greek PM

A pensioner who is thought to have made millions of pounds running a brothel in Birmingham claims he lent all his money to the Greek government to help the country out of their financial crisis.

Achilleos Neophytou is said to have earned £7 million ($8.9 million) operating a sex parlor called the Libra Club in Birmingham, where up to 200 professionals visited every day.

Oct 04 07:27

TISA, TTIP and TTP = Corporate hegemony and economic warfare

TISA, TTIP and TPP continue to be negotiated in secret, as WikiLeaks recently released a new leak from the updated TISA (Trade in Services Agreement) core text and annexes. If you want to know what TISA means in 7 words, it’s this: total privatization and commodification of public services. Unfortunately, once something is privatized, it becomes very difficult to ever get it back into the public hands. Of the 3 T-Treaties,

Oct 04 05:45

Bernie Sanders Comments On Clintons Getting $1 Million From Deutsche Bank

"The business model of the largest banking institutions around the world - from Wells Fargo To Deutsche Bank - is Fraud," exclaimed Bernie Sanders, after being asked whether Hillary Clinton should return the $1 million she received from Deutsche - ":a fraudulent business."

Sanders also added that The Clinton Foundation's donations "raised serious questions" with regard the relationship to the prospective president.

Yes he dodged the question, but still, not exactly vote-inspiring stuff.

Oct 04 05:45

“Completely Unsustainable”: Obamacare Destroys Middle Class, Rising As Much as 67%. Just in 2017.

Minnesota is in good company.

Like dozens of other states across the country, its government-mandated health care exchange is facing steeply-rising premiums for individual plans at levels that are both outrageous and completely impossible for the average Middle Class family to pay or keep up with.

And as future rates continue to rise – and it’s going to hurt a lot of people.

Because the system was designed to fail; or, because the government and health care lobbies have so little regard for the people that will actually have to live and die by their rules, the prices are skyrocketing by more than 50% in Minnesota – and by similarly absurd numbers in other states – and the exchange narrowly avoiding collapsing altogether in 2017.

Oct 04 05:43

Most Important EU Bank Collapsing: Deutsche “Entering Death Spiral, Impossible to Stop”

Derivatives… their collapse is absolutely inevitable. It’s a gamble on global destruction that is almost mathematically certain to take place, someday. Until then, it’s a house of cards. How badly will Deutsche Bank’s dilemma prove to be, and how much will it cost European taxpayers to stop the global economic system from teetering over the edge? No one can say.

But it is entirely clear that the system is not stable, and the world remains at great risk. All the pep talk within the official circles has proven to be meaningless; the next phase approaches. It is happening.

Webmaster's Commentary: 

The system never was stable to begin with. Private Central Banks, by design, create more debt than money with which to pay that debt, until the debt crushes the system.

Oct 04 05:10

Deutsche Bank “Is Probably Insolvent”

The 2015 annual report for Deutsche Bank runs to some 448 pages, so one rather doubts if even its CEO, John Cryan, has read it all, or has a complete grasp of, for example, its €42 trillion in total notional derivatives exposure.

Oct 04 05:08

Sympathy for the Devil

We are entering a time much worse than the revolutionary 60’s. The major difference is that most of the revolutionaries then were teens and young people, with little or no support by anyone who could make a difference. America back then knew what winning was, knew that capitalism was the only means to succeed, and that America’s values, of God, Country, hard work, individual effort and steadfast perseverance, were the winning combination that made America the greatest nation on earth.

What changed?

Oct 03 16:38

The Pardon of Marc Rich: How Hillary Clinton Served as the “Secret Weapon” for One of the Biggest Tax Cheats in American History

President-in-waiting Hillary Clinton has never addressed her role in the midnight pardon of billionaire fugitive Marc Rich. In fact, she’s rarely been asked her opinion on the free pass given to one of the world’s most wanted fugitives, a man who violated embargoes against Iran and South Africa and fled the country rather than face trial in what was billed as “the biggest tax evasion case in history.” Hillary has variously said that she was “unaware” of the decision and “surprised” by it. When pressed, she merely cackles.

Oct 03 16:32

Scott Adams: Trump’s Tax Leak to the New York Times Caused an Unexpected Ripple Effect of Smart People Explaining Taxes to Their Dumb Friends

Scott then goes on to explain taxes and economics to his Periscope audience!

This can also be a companion video for Scott’s blog posts: Presidential Temperament and The Week I Became a Target.

Oct 03 15:29

Declassified Emails Reveal NATO Killed Gaddafi to Stop Libyan Creation of Gold-Backed Currency

In spite of French-led U.N. Security Council Resolution 1973 creating a no-fly zone over Libya with the express intent of protecting civilians, one of the over 3,000 new Hillary Clinton emails released by the State Department on New Year’s Eve, contain damning evidence of Western nations using NATO as a tool to topple Libyan leader Muammar al-Gaddafi. The NATO overthrow was not for the protection of the people, but instead it was to thwart Gaddafi’s attempt to create a gold-backed African currency to compete with the Western central banking monopoly.

Oct 03 12:24

Kawasaki May Quit Shipbuilding

Japan's Kawasaki Heavy Industries (KWHIY) said it would consider a drastic revision of its shipbuilding, and has even indicated that it may pull out of its shipbuilding business due to its worsening profitability, reports Reuters.