ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Feb 19 08:24

Jim Willie: China is Trying to Wreck Our Economy

The Chinese are trying to wreck the US economy by disrupting its supply chain. They are not just halting Chinese imports into the US economy, they are halting East Asian (Korean, Japanese) ships. All these ships are not unloading.

Webmaster's Commentary: 

The US economy wrecked itself. Willie is just trying to shift the blame, like yesterday's story trying to suggest the Russians are behind the extremely (embarrassing for Al Gore) cold weather.

Feb 19 07:34

Swiss prosecutors investigate HSBC for money laundering over claims it helped hide millions for arms dealers and blood diamond traders

The Geneva offices of HSBC were raided by Swiss prosecutors yesterday in an investigation into alleged money laundering.

Public prosecutors said they were searching for evidence of ‘aggravated money laundering’ after ‘the recent published revelations ’ about HSBC’s Swiss private bank.

It is the latest damaging twist for the banking giant embroiled in a scandal over claims staff helped rich clients dodge tax.

Feb 19 06:54

‘100 riot police’ clash with housing justice activists in South London, 6 arrested

Six people were arrested on Tuesday night in a London council estate, following a standoff between riot police and activists protesting against the ‘social cleansing’ of London's poor.

Feb 19 06:54

GAO and The Goldilocks Option: Audit the Fed but Don't Make It Sweat

Just in time to join this larger debate comes the reasonable GAO alternative: Let's make the Fed more accountable but not TOO accountable.

Feb 19 06:53

Does the Russian Bear Smell Gold?

Is Russia Planning a Gold-Based Currency? ... The "perfect-storm" of geopolitical instability, diplomatic isolation, severe currency depreciation, and economic decline now confronting Russia has profoundly damaged Moscow's international standing, and possibly for the long-term. Yet, it is precisely such conditions that may push the country's leadership into taking the radical step that will secure its world-player status once and for all: the adoption of a gold-exchange standard.

Feb 18 18:33

Dead Banker 61 "Froze To Death" ???

Feb 18 15:29

Sanctions-Struck Russia Goes for Islamic Banking

Russia is enacting regulations and building infrastructure to enable Russian firms and eventually the government to issue sukuk- bonds compliant with Islamic law

Feb 18 14:46

White House Overhypes Obamacare Enrollment, Again

Yesterday evening, not long after the official (but not actual) end of Obamacare’s open enrollment period, the White House Twitter feed posted some breaking news: “About 11.4 million Americans are signed up for private health coverage,” the tweet said, posting the information with the hashtag #ACAWorks.

It is in some ways remarkable that the White House can provide this information so quickly. Not because the information should be hard to collect, but because other similar information often eludes the administration.

As Bloomberg News health care reporter Alex Wayne noted on Twitter earlier today during a Q&A session with Health and Human Services Secretary Sylvia Matthews Burwell, the administration "still can’t tell us how many people were enrolled in Obamacare at the end of 2014."

Feb 18 10:31

Is Washington Fabricating the Economic Data?

Webmaster's Commentary: 

Is this a trick question?

Feb 18 10:20

Elimination of Public Option Threw Consumers to the Insurance Wolves

hen members of Congress caved to demands from the insurance industry and ditched their plan to establish a “public option” health plan, the lawmakers also ditched one of their favorite talking points, that a government-run plan was necessary to “keep insurers honest.”

Feb 18 08:04

Robert Reich: This Very Bad Deal Will Make Wall Street Richer and Bust the Rest of America

Suppose that by enacting a particular law we’d increase the U.S.Gross Domestic Product. But almost all that growth would go to the richest 1percent. ?

The rest of us could buy some products cheaper than before. But those gains would be offset by losses of jobs and wages.

This is pretty much what “free trade” has brought us over the last two decades.

Feb 18 07:24

Downing Street rejects inquiry into handling of HSBC files

Downing Street has rejected calls for an inquiry into the handling of 3,000 suspected tax evaders with accounts at HSBC’s Swiss private bank, which has so far led to a single prosecution.

The prime minister’s spokesman said officials had done what they could to make sure people paid up and argued it was “right that HMRC prioritised collecting revenues” before bringing cases where they could work with prosecuting authorities.

Webmaster's Commentary: 

The government won't clean up HSBC because too many high officials were using the tax avoidance system!

Feb 18 07:23

Telegraph's Peter Oborne resigns, saying HSBC coverage a 'fraud on readers'

Ex-chief political commentator launches blistering attack on paper, saying it put bank’s interests before readers to save ad contract

Feb 18 07:22

HSBC Corporate Governance Corruption

When the Negotium essay, Long History of HSBC Money Laundering was written over two years ago, one might think that the Banksters would look to take a lower profile. Forget about it, when you are part of a made criminal syndicate you never have to serve time, just say you are sorry. Bloomberg reports, the “HSBC Holdings Plc Chief Executive Officer Stuart Gulliver offered “sincerest apologies” following fresh details of how the bank’s Swiss unit helped customers evade taxes.”

Feb 18 07:12

Social Security Could Be In Worse Shape Than We Thought

While the Old-Age and Survivors Insurance Trust Fund, the portion of Social Security that most people think of as their retirement benefits, is not set to run out of money in the trust until 2033, the Disability Insurance Trust will run out in 2016 if nothing is changed. This shortfall would result in a nearly 20% cut to benefits, reducing those $1,000 checks down to $800 a month.

Feb 18 07:02

If You Were Bankrupt

If you were bankrupt and the debt you owed was overwhelming, how would you handle it? What if the debt were thrust upon you by an outside force; would you really care about the creditors or would your family be the priority?

Feb 17 15:59

Oh Canada Movie - Our Bought And Sold Out Land - Full

Webmaster's Commentary: 

This documentary was made in 2009, and informed top Canadian politicians about what was being done to cheat the Canadian people out of unnecessary interest payments. The officials admitted they knew it was going on, but of course made no mention of it in public.

Feb 17 08:02

BT poised to land bailiff contract to collect billions in unpaid fines

BT is expected to land a much-criticised Ministry of Justice semi-privatisation deal that would see the telephony giant turn bailiff.

Chris Grayling, the Justice Secretary, believes that big business would be more effective than the courts at reducing the level of outstanding fines, which was around £2bn when the competition to find a private-sector provider was launched two years ago.

At a time when the Coalition has been trying to balance the UK’s books, ministers have also ended up writing off hundreds of millions of pounds in fines in recent years.

Feb 17 08:01

Private Arms Dealers in Bed With UK Defence Ministry

Concerns have been raised over the close relationship between the British government and the private sector, after it was revealed that a number of arms firms’ employees are currently seconded to positions in the Ministry of Defence (MoD) and other government departments.

Feb 17 08:01

‘Effectively dead’: Media speculate on India’s purchase of $20bn French Rafale jets

Three years of negotiations between France’s Dassault and the contract negotiation committee of the India’s Defense Ministry on the purchase of 126 Rafale fighter jets may be about to collapse. Sources mostly blame the exorbitant price.

According to Business Standard, citing an anonymous source at the CNC, Dassault’s proposal turned out to be much more expensive than presented in the commercial bid, making it far from being the cheapest one, as announced on January 31, 2012.

Feb 17 08:00

Greece And Euroland's Crumbling McMansion Of Debt

Sometimes the best way to summarize a complex situation is with an analogy. The Greek debt crisis, for example, is very much like the subprime mortgage crisis of 2007-08.

As you might recall, service workers earning $25,000 annually got $500,000 mortgages to buy McMansions in subprime's go-go days. The applicant fudged a bit here and there on income and creditworthiness, and lenders reaping huge profits from originating and selling mortgages were delighted to ignore prudent underwriting standards and stamp "low-risk" on the mortgage because it was quickly sold to credulous investors.

The bank made its money in transaction and origination fees, and passed the risk of default on to investors who accepted the fraud that the loan was low-risk.

Feb 17 07:59

‘What part of no don’t you understand?’ TTIP critics target EU trade commissioner

EU Trade Commissioner Cecilia Malmstrom’s visit to London to promote the EU-US Transatlantic Trade and Investment Partnership (TTIP) has been met with protest, as MPs say more transparency is needed to address public concern.

Malmstrom’s meeting with business and political leaders Monday afternoon was an attempt to shore up more public support for the deal, which has been criticized for allowing large corporations to flourish at the expense of small businesses.

Business Secretary Vince Cable will tell the Commissioner there are many benefits for the US and the EU, but only if politicians are given access to TTIP as the treaty develops, so that they can ask questions on behalf of the public.

Protest group StopTTIP UK, however, say Monday’s meeting ignores the fact “people across the EU are loudly and clearly rejecting” TTIP, claiming the trade deal could jeopardize governments’ legal freedom and will lower trade standards.

Feb 17 07:54

Euro falls after Greece talks collapse

The euro slipped more than a full cent on Tuesday before recovering slightly after talks between Greece and eurozone finance ministers broke down. Global markets also retreated as a result of the impasse.

Feb 17 07:46

Greece’s game of chicken and a ‘final mania phase’ for Wall Street

Talks between Greece and eurozone finance ministers on Monday night lasted barely two hours, according to some reports. Sticking to his guns, Finance Minister Yanis Varoufakis said his country wants a deal, but with concessions. He also said negotiators don’t have “the right to play games with the future of Europe,” and that a halfway meeting point may emerge during the next couple of days.

Feb 17 07:32

Global economy continues to wither as West Coast ports remain shut down

Has the world's economy officially tanked? One radio talk show host thinks so, and he has some data to back it up.

In a blog post on his website, Dave Hodges -- host of The Common Sense Show -- notes that economic indices are bottoming out and that's in large part due to a proposed agreement called the Trans-Pacific Partnership, which the Electronic Freedom Foundation describes as "a secretive, multinational trade agreement that threatens to extend restrictive intellectual property (IP) laws across the globe and rewrite international rules on its enforcement."

The forces behind the agreement, notes Hodges, have used their influence to stall delivery of critically important commodities until it is fully implemented among member nations.

Feb 17 07:31

Greece: What Happened Today, And What Happens Next

After today's second in one week Eurogroup fiasco, things for Greece are getting perilously close to the endgame. Either that, or Yanis Varoufakis, who earlier said he is "not bluffing", is conducting a master class in just that. So for all those confused what happened earlier, and more importantly, what may happen next, here is Deutsche Bank's George Saravelos with a handy summary of the next steps.

Webmaster's Commentary: 

"We grasp at straws and pray for a miracle!"

Feb 17 07:28

Winged Falcon could see Ford make an early exit

COLLAPSING sales of Ford’s once iconic Falcon have intensified pressure on the company to axe Australian production ahead of schedule, forcing premature job losses and escalating the ­urgency of structural reform in the embattled component sector.

Dire sales figures for the Ford Falcon and poor results for the Holden Commodore have raised serious questions about the short-term sustainability of local production as the global car industry seeks ways to further rationalise the sector.

The Federation of Auto Parts Manufacturers warned yesterday that both tiers of government needed to urgently examine how they could assist the component industry to restructure ahead of the closure of Ford, Holden and Toyota production plants.

Feb 17 07:20

The War Against Debt? We Lost it Two Thousand years Ago…

Even with Adam Smith’s clear analysis of the wealth of nations, published in those times, economics remains very simple: More money must come in than what goes out, whether running a household, a business or a nation; and of all institutions, banks should be aware of that and be teaching the ethics of frugality and saving real money and genuine prosperity rether than charging you to lend them your money which they use to make more profit on lending it out – prosperity for the banks!

Webmaster's Commentary: 

This article misses a major point. When you have a private central bank issuing all of the public currency as a loan at interest, it is impossible by design to escape debt slavery.

Feb 16 15:32

Greek crisis talks collapse in acrimony as Syriza defies EMU

'The only way to solve Greece is to treat us like equals; not a debt colony,' says Greek finance minister

Feb 16 13:18

Dominique Strauss-Kahn trial on verge of collapse as four prostitutes drop civil cases against him

The criminal case against former International Monetary Fund chief Dominique Strauss-Kahn is on the verge of collapse as four prostitutes dropped their civil actions against him today.

Webmaster's Commentary: 

I do not know what DSK's personal life is like, but to me it is clear he was set up for this arrest when he started asking questions about where the IMF's physical gold had gone to.

Feb 16 12:48

APNewsbreak: Democrats seek relief from health law penalties

The official sign-up season for President Barack Obama's health care law may be over, but leading congressional Democrats say millions of Americans facing new tax penalties deserve a second chance.

Feb 16 12:04

EU to Unveil New Targeted Anti-Russia Sanctions on Monday

Nothing is going to change in any positive way for the populations of this world until The Bankers and those in their employ, due to an aspiration for personal profit, blackmail or fear for their lives, or the lives of their families, are reined in by any means necessary.

Feb 16 11:52

Lies, More Lies and the Temporary Profit of Falsehood.

Nothing is going to change in any positive way for the populations of this world until The Bankers and those in their employ, due to an aspiration for personal profit, blackmail or fear for their lives, or the lives of their families, are reined in by any means necessary.

Feb 16 11:52

HSBC Bank: Secret Origins To Laundering The World's Drug Money

For years, when banks have been caught laundering drug money, they have claimed that they did not know, that they were but victims of sneaky drug dealers and a few corrupt employees. Nothing could be further from the truth. The truth is that a considerable portion of the global banking system is explicitly dedicated to handling the enormous volume of cash produced daily by dope traffickers.

Feb 16 11:50

Eurogroup Meeting Over - Talks Have Broken Down; Risk Slides After Greece Says "Won't Take Orders On Bailout" - Live Feed

So the 10-day ultimatum was just extended by 40%? Clearly The EU is worried.

Feb 16 07:10

Britain and Canada Involved in Foiled US Venezuelan Coup Plot

Britain and Canada were co-conspirators in the latest plot to topple Venezuela’s government.

TeleSUR provided detailed coverage of Washington’s war on Venezuelan democracy. Its dirty hands manipulate violence and instability worldwide.

US funded and supported key opposition fascist figures Antonio Ledezma, Maria Corina Machado and Leopoldo Lopez released a joint February 11 communique a day before the foiled coup.

Titled “A Call on Venezuelans for a National Accord for the Transition,” it promoted regime change. Called for Venezuela to be handed back to monied interests.

Feb 16 07:07

Greece: Yes to ‘national reform plan,’ no to strings attached

The Greek government has agreed to an EU proposal to introduce a ‘national reform plan’ to address economic issues that have been neglected for decades. But this time Greece won’t accept a bailout program on the same terms as before.

The new Syriza-led Greek authorities won’t agree to any eurozone bailouts under the same constraints as former governments did. However, a “national reform plan” to deal with decades-long economic issues is required, a government spokesperson told national media.

Feb 15 08:59

ANOTHER Banker, This One From ABN Amro Commits “Suicide”

NO ONE SAW THIS COMING…

FRIENDS AND FAMILY WERE “STARTLED…”

“NO INDICATIONS HE PLANNED TO TAKE HIS OWN LIFE…”

Feb 15 08:58

Astonishing List of 71 Top Bankers Dead and No Natural Causes!

I've recently stumbled across a list of top bankers that have been killed in cold blood, died in "accidents" or have allegedly committed suicide. In some of the cases, their deaths are so suspicious that the 'suicide' verdict is simply ridiculous, as you will see.

While searching for news reports documenting their deaths, I've managed to find a lot more cases of high ranking bankers that have been found dead in suspect circumstances. I've added the cases to the list and included the appropriate reference links.

Feb 15 08:58

FLASHBACK - Does The Trail Of Dead Bankers Lead Somewhere?

What are we to make of this sudden rash of banker suicides? Does this trail of dead bankers lead somewhere? Or could it be just a coincidence that so many bankers have died in such close proximity? I will be perfectly honest and admit that I do not know what is going on. But there are some common themes that seem to link at least some of these deaths together. First of all, most of these men were in good health and in their prime working years.

Feb 15 08:31

Banking Cartel is the Cause of Humanity's Woes

Pound commissioned Mullins to examine the influence of the banking establishment on U.S. policy. Mullins spent every morning for two years in the Library of Congress and met with Pound every afternoon. The resulting manuscript, "The Secrets of the Federal Reserve" proved too hot for any American publisher to handle. Nineteen rejected it. One said, "you'll never get this published in New York." When it finally appeared in Germany in 1955, the U.S. Military Government confiscated all 10,000 copies and burned them.

Feb 14 10:10

The Pentagon's massive $534 billion budget request could force deep cuts elsewhere

The Pentagon decision to seek a 2016 budget that far exceeds federal spending caps poses the risk of a big across-the-board funding cut like the one that forced the department to put civilian workers on unpaid leave two years ago.

But defense officials say the department will not repeat some of the decisions it made in 2013 that exacerbated the problem once the automatic cuts, known as "sequestration," went into effect nearly halfway through the fiscal year.

Webmaster's Commentary: 

This kind of spending requested by the Pentagon can only mean one thing: they have been informed that they will be fighting in perpetual wars which will see no end in the lifetime of the Pentagon officials requesting this money.

Feb 14 09:11

Republicans seize on HSBC scandal to hold up Loretta Lynch's confirmation

Senate Republicans are seizing on the global tax scandal engulfing HSBC to delay the confirmation of Loretta Lynch, Barack Obama’s nominee for attorney general, the Guardian can reveal.

The Republican chairman of the Senate judiciary committee, Chuck Grassley, was on Friday preparing a fresh tranche of questions for Lynch about the huge cache of leaked data showing how HSBC’s subsidiary helped conceal billions of dollars from domestic tax authorities.
HSBC could yet be prosecuted over tax-dodging scheme, warns Loretta Lynch
Obama’s nominee for attorney general negotiated a deal with HSBC two years ago that saw it avoid criminal charges but Lynch says DoJ still has powers to act.

Grassley and another Republican senator are planning to investigate whether Lynch could have done more to stand up to the world’s second largest bank.

Webmaster's Commentary: 

The questions Republicans are bringing up are fully legitimate, and whoever vetted Loretta Lynch should have known that these issues would come up during the process of confirmation.

How deeply Ms. Lynch is, herself, mired in this controversy, is not something which should have been discovered so late in the process, and Democrats have only themselves to blame for not taking a closer look at this earlier.

Americans want someone in this very high position who will justly administer the laws, not bend them for the sake of the very well positioned.

But of course, Eric Holder himself has played fast and loose with the law, in terms of APgate surveillance; IRSgate; his persecution of James Rosen; the Marc Rich Pardon; Fast and Furious; and his position against 2nd Amendment Rights.

It is obvious, with the "baggage" Ms. Lynch carries, that this White House wants someone who "followed in Holder's footsteps" in terms of potential comfort with corruption on the biggest possible scale, and the outcomes of Ms. Lynch's tenure as the Attorney General, should she get confirmed, would most probably be more of the same.

Feb 14 07:41

Top tech CEOs snub Obama at cybersecurity summit

The leaders of three of the nation’s leading tech companies won’t attend a White House cybersecurity summit in California on Friday, according to media reports.

Yahoo CEO Marissa Mayer, Facebook founder and CEO Mark Zuckerberg and Google executives Larry Page and Eric Schmidt will not attend the event, which will be held at Stanford University.

Webmaster's Commentary: 

I am hardly surprised. The revelation of the NSA's backdoors has shaved billions from the profits of their companies and their personal fortunes. Being seen to cooperate will only make matters worse.

Feb 13 16:30

Suing The Bank - What's Next For The Canadian Money Masters?

The Bank of Canada is facing a lawsuit which seeks to restore it to it's originally intended purpose...how will this impact the international bankers and is this going to truly benefit Canadians who are seeking to "take the power back"? To discus this and more Dan Dicks of Press For Truth interviews economist and documentary filmmaker Bill Still.

Feb 13 12:35

Smelly protest: Broke Siberian farmer avenges ‘debt slavery’ by dumping manure outside bank

A farmer in Siberia dumped a cart of manure in front of a bank, saying that was his way of paying out his debt. The man also described what he did as a “soft, if somewhat smelly” protest against bank policies.

Feb 13 12:10

Mysterious Murder: DC Lawyer Found Dead Had Ties To Greece And International Banking World

A Washington DC area lawyer who was found stabbed to death in a glitzy DC area hotel room had ties to the country of Greece and the international banking world and in this particular mystery, authorities say they have a suspect as shared in the newly released video below.

While not every mysterious murder is part of a 'conspiracy', a look into Messerschmitt's past gives us reason to believe this latest murdered lawyer may have known something that others didn't want him (and the rest of us) to know with Greece possibly soon leaving the Euro and the financial world falling to shambles.

Feb 13 09:47

Low Oil Prices Are An Act Of Economic Warfare

It’s not the oil prices that are significant; it’s the change in oil prices. If you own an oil field and it costs you $75 to produce a barrel, at $110 a barrel ($110/bbl), you’re OK. If oil drops to $45/bbl, you’re in serious trouble.

Feb 13 08:23

Ukraine is heading for a total economic collapse

When IMF Managing Director Christine Lagarde announced Ukraine’s new, $17.5 billion bailout package Thursday morning, she suggested it would be a “turning point for Ukraine,” which stands to receive $40 billion in relief funding from various sources over the next four years. “This new four-year arrangement would support immediate economic stabilization in Ukraine as well as a set of bold policy reforms aimed at restoring robust growth over the medium term and improving living standards for the Ukrainian people,” Lagarde said from Brussels.

But it will take a lot more than IMF billions to dig Ukraine out of economic crisis, and to implement the reforms Lagarde’s IMF team has demanded. In order to survive, Ukraine will need to fashion a new social contract with its citizens, one that sheds hundreds of social services left over from the Soviet era, which Ukraine’s nomenkatlura, its upper-middle class civil servants, still enjoy.

Webmaster's Commentary: 

Yes, Austerity has wrecked the lives of the people all across Europe and driven Greece to the point of leaving the EU, so hell YES let's try the same thing in Ukraine!

Feb 13 08:02

Polish Farmers Blockade Motorways Across Country

This week thousands of Polish family farmers turned out to protest in over 50 locations across the country. Over 150 tractors blockaded the A2 motorway into Warsaw on the 3rd February and hundreds more continue to close major roads and picket government offices in other regions. The farmers are vowing to continue the struggle until the government agrees to enter talks with the unions and commits to addressing what the farmers see as a crisis in Polish agriculture.

These actions represent a dramatic escalation of protests that have been simmering across the country over the last year. Edward Kosmal, chairman of the farmers protest committee for West-Pomeranian Region said: “We are ready for dialogue. We look forward to meeting with you Prime Minister and beginning a comprehensive government commitment to solving the problems of Polish agriculture. If you do not enter into a dialogue with the Union, we would be forced to tighten our forms of protest.”

Feb 13 07:35

Fed Under Attack Again – This Time From One of Its Own

Dallas Fed chief urges power shift at bank ... The outgoing head of the Dallas Federal Reserve called Wednesday for major changes to the central bank's power structure, arguing that current policies fuel perceptions that big banks have too much influence with regulators. During a fiery speech to the Economic Club of New York, President Richard Fisher criticized the current structure, arguing that authority should be more equally distributed between the Fed's 12 regional banks.

Feb 13 07:08

The Beta Male – Societal Savior Or Repressed Masculinity?

Western civilization owes a great debt of gratitude to the beta male. Our society is dependent on betas to perform most of the grunt work that keeps the core foundations of society afloat, particularly in regards to infrastructure maintenance. Women (by and large) don’t touch the trade professions in any significant numbers. It’s just not in their biological or social imperative to do such jobs.

But here is an important question we must ask ourselves in 2015. What happens when the beta male has no motivation anymore? They are treated like bovine excrement when it comes to modern dating, marriage, the workforce, you name it. In fact, the only reason they consent to what they do is for certain incentives (adequate income, faithful wife etc), and those incentives just are not there anymore. No-fault divorce and under-employment are rampant, so things are definitely not looking good for men.

Feb 13 07:07

People Inflation – A Good Reason To Become ‘Generalists’

People inflation and technological upheaval are some of the primary culprits behind widespread unemployment. It’s time to become generalists again.

Webmaster's Commentary: 

The money-junkies do not like generalists. Generalists have too many options. If they get pissed off at being poorly treated at one job they can go do another. Money-junkies prefer everyone to be limited in skills to one ability only, to be a fitted as a cog in a giant economic machine with no freedom to depart and go anywhere else.

Feb 12 15:03

The U.S. Economy Is Dead

For the past quarter century; the most effective “stimulus” for the U.S. economy has been a fall in gasoline prices. This is no great surprise, given that the United States had been the most gas-guzzling nation on the planet – and by a wide margin. But times have changed!

After Barack Obama publicly admitted that the U.S. government had ruthlessly manipulated oil prices lower, as “part of its strategy” of economic terrorism against Russia; global oil prices have been cut in half. The only other time that oil prices have fallen so far or so fast in the last quarter century was the brief/temporary collapse in prices which accompanied the Crash of ’08.

Feb 12 12:58

Al-Thani business based on deception

Google Translate.

Buying Sheikh Mohammed Al Thani in more than five percent of the shares in the Bank just before the collapse was based on deception. This is the Supreme Court.

Two weeks before the crash sent Kaupthing, the largest bank in the country, a press release by the company indirectly owned by Sheik Mohammed Al Thani, rich kaupsýslumanns from the Middle East, had acquired more than five per cent stake in the bank for almost 26 billion.

Feb 12 11:12

No discussion of Russian sanctions at EU summit — Mogherini

Foreign Policy Chief Frederica Mogherini said Thursday the EU summit would not discuss new sanctions against Russia.

The EU summit opened in Brussels on Thursday three hours later than planned because its participants had to wait for the return of German Chancellor Angela Merkel and French President Francois Hollande from Minsk.

Ukrainian President Petro Poroshenko met EU Council President Donald Tusk and EU Commission President Jean Claude Juncker ahead of the summit’s opening.

Feb 12 11:11

Moscow considers US, EU sanctions against Russia senseless

EU exports of machinery to Russia was hit hard but US machinery exports to Russia increased by 40%, says Russian Deputy Foreign Minister Alexey Meshkov

Webmaster's Commentary: 

So the US sanctions Russia, Europe takes a loss, and behind the scenes US companies are selling MORE to Russia than before!

Feb 12 10:55

No Demand for Skilled Jobs: “Millions cannot find work because the jobs simply are not there”

As this article points out, the scheme announced by Obama to make community college free will not make America prosperous or fully employed. While have a well educated, skilled and knowledgeable populace is worthwhile, there is already a glut of over-educated degree holders – including many with master’s degrees and other specialized qualifications – who cannot find work in their field.

Why? Because the jobs just aren’t there. America doesn’t do much of anything anymore but consume. More and more skilled jobs are paying wages as low as fast food joints, and are so flooded with applications, that the job may as well not be there. There is too much demand by a workforce for work that isn’t there… so most have lowered their standards, and become adjusted to skating by with low wage, low skilled work when they have already over-achieved in the educational field. Student loans don’t get paid back this way, and the economy doesn’t bounce back either.

Feb 12 10:52

Why Greece Should Leave The Euro In 1 Simple Chart

Is it any wonder that The Greeks want to leave The Euro? One glance at the following chart and it is clear who the growth engine is and who the anchor is...

Feb 12 09:26

Lawyer Sues Bank of Canada - You won't believe what happens

Webmaster's Commentary: 

Another video about the COMER lawsuit in Canada. This one is reportedly still visible in Canada!

Feb 12 08:47

The Case Against The Bank Of Canada

Webmaster's Commentary: 

The first two minutes of the video is a blurb about the presenters new TV channel. The information about the COMER lawsuit starts at 2:15

Feb 12 08:44

COMER — Committee on Monetary and Economic Reform EST. 1986

Webmaster's Commentary: 

This is the group that started the lawsuit to force the government of Canada to return to interest-free loans from the Bank of Canada as specified in the charter.

Feb 12 08:33

ALL WARS ARE BANKERS' WARS!

"Banking was conceived in iniquity and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of a pen they will create enough deposits to buy it back again. However, take it away from them, and all the fortunes like mine will disappear, and they ought to disappear, for this world would be a happier and better world to live in. But if you wish to remain slaves of the Bankers and pay for the cost of your own slavery, let them continue to create deposits." -- Sir Josiah Stamp, President of the Bank of England in the 1920s, the second richest man in Britain

I know many people have a great deal of difficulty comprehending just how many wars are started for no other purpose than to force private central banks onto nations, so let me share a few examples, so that you understand why the US Government is mired in so many wars against so many foreign nations. There is ample precedent for this.

Webmaster's Commentary: 

Time for a repost. This is a call to Rivero's Rangers to forward this article to anyone you know who has not yet read it!

Optional Banner: 
WRH Exclusive
Feb 12 08:02

Greece Offers New Bailout Plan as Latest Grexit Drama Commences

Greece presents bailout plans to EU finance ministers ... Greece's anti-austerity government is presenting its first concrete proposals for an alternative debt plan at an emergency meeting of eurozone finance ministers in Brussels. The government wants to overhaul 30% of its bailout obligations, replacing them with a 10-point plan of reforms. But EU ministers have warned that Greece must abide by existing terms.

Feb 12 07:43

The Breaking HSBC Scandal Reveals UK Govt Is Chief Henchman Of The Mafia Banking System

An international collaboration of media outlets have leaked HSBC files which prove the Bank has actively sought to undermine domestic tax laws by hiding more than $100bn in Swiss bank accounts – but what is truly remarkable, it the complicity of the UK government in helping the 1% avoid paying their dues.

Sicilian mafia families have a position in their criminal organisation called the ‘consigliere’. A consigliere is an adviser or counselor to the boss, with the additional responsibility of representing the boss in important meetings both within the boss’s crime family and with other crime families. The consigliere is a close, trusted friend and confidant.

The relationship between the UK government, the HMRC and the banking sector appears to be one of consigliere – with the former providing advice and representation services for the latter, against the interests of the public.

Feb 12 07:42

Cameron 'up to his neck' in HSBC tax row after revelations a string of Tory donors held Swiss bank accounts

David Cameron was accused of being 'up to his neck' in the Swiss bank account row today, after revelations that a string of Tory donors hoarded money in the country.

Former Conservative Party Treasurer Stanley Fink and German-born car manufacturing heir Georg von Opel, who has donated six-figure sums to the Tories, are among a host of individuals who legally held accounts in Switzerland with HSBC's private bank, according to a leaked tax disc.

In a fiery Commons debate, the Prime Minister insisted 'no-one had done more' than the current government to crack down on tax avoidance.

Feb 12 07:42

Germany faces impossible choice as Greek austerity revolt spreads

The political centre across southern Europe is disintegrating. Establishment parties of centre-left and centre-right - La Casta, as they say in Spain - have successively immolated themselves enforcing EMU debt-deflation.
Spain's neo-Bolivarian Podemos party refuses to fade. It has endured crippling internal rifts. It has shrugged off hostile press coverage over financial ties to Venezuela. Nothing sticks.
The insurrectionists who came from nowhere last year - with Trotskyist roots and more radical views than those of Syriza in Greece - are pulling further ahead in the polls. The latest Metroscopia survey gave Podemos 28pc. The ruling conservatives have dropped to 21pc.
The once-great PSOE - Spanish Workers Socialist Party - has fallen to 18pc and risks fading away like the Dutch Labour Party, or the French Socialists, or Greece's Pasok. You can defend EMU policies, or you can defend your political base, but you cannot do both.

Feb 12 07:29

Crime and punishment: Confiscate rogue bankers’ salaries & bonuses, says UK regulator

Britain’s financial regulator may force reckless and corrupt financiers to pay back their salaries and bonuses to state authorities in an effort to clamp down on rampant financial crime. Experts doubt the policy will prove effective, however.

The Financial Conduct Authority’s (FCA) suggested policy shift follows a soon-to-be implemented EU bonus cap, fiercely opposed by City bankers and the British government.

Feb 12 07:28

‘Bankrupt but Free’: Greeks stage nationwide anti-austerity rallies

As EU politicians failed to reach a Greek debt deal in Brussels, thousands of people poured onto the streets of Athens and other large cities to protest austerity and voice support for the recently elected Syriza party.

Eurozone finance ministers have made progress in discussions with Greece following hours of talks on Wednesday. The talks on whether to extend an international bailout to Athens will continue during the next scheduled meeting on Monday, as the sides could not agree on another meeting before then.

Feb 12 07:27

Polish farmers ride tractors to Warsaw, demand aid after Russian trade ban (VIDEO)

Hundreds of Polish farmers drove their tractors to Warsaw to protest against the poor financial assistance they have received in dealing with the aftermath of the Russian import ban that has crippled the Polish agricultural industry.

Feb 12 07:26

Another JPMorgan Banker Murder-Suicide Added To The List Of 71 Dead NWO Bankers By Un-Natural Causes!

By now, there have been so many banker-related suicides that it has become a moot point of i) tracking them all or ii) trying to find a pattern.

And yet, one name continues to stand out: JPMorgan.

The bank which has been most prominent among the list of “suicided” bankers notched one more casualty over the weekend when “a JPMorgan Chase & Co. employee strangled and stabbed his wife to death before turning the knife on himself, according to police who are treating the couple’s death in Bergen County, New Jersey as a murder-suicide.”

Feb 12 07:18

‘Politicians can't be trusted to clean up HSBC’: Govt revenue chiefs grilled over tax evasion scandal

Top UK tax officials were probed by MPs on Wednesday over the recent tax evasion scandal that has engulfed British banking giant HSBC. Labour MP Austin Mitchel said Britain’s tax avoidance industry has eclipsed its tax collection industry.

Amid global controversy over HSBC's alleged involvement in industrial scale tax evasion, Her Majesty’s Revenue and Customs (HMRC) was questioned by Britain’s Public Accounts Committee (PAC).

On Sunday, it emerged HSBC's Swiss private banking arm had aided royalty, criminals, terrorists, and drug dealers in dodging taxes.

A colossal cache of files leaked to the International Consortium of Investigative Journalists (ICIJ) shed light on the banking giant's clandestine practices between 2005 and 2007. During this period, HSBC's Swiss private banking arm controlled roughly $100 billion in assets.

Files disclosing the bank’s suspect actions were leaked to HMRC in 2010.

Feb 12 07:16

Greece, OECD to carry out joint reforms – Prime Minister

The Prime Minister emphasized that the austerity measures carried out under the loan agreements with the ‘troika’ of European Commission, European Central Bank and International Monetary Fund, were aimed at eliminating the crisis in Greece, but "only further deepened it,” undermining the prospects for the country’s economic growth.

Tsipras said "the new government is committed to implement the reforms really needed by Greece and that its previous government did not dare to carry out," adding that his government can make such a transformation as it has no links with the past and no commitments to the oligarchy.

Feb 12 07:13

Gary Sorenson's Ponzi scheme trial begins closing arguments

One of two men on trial for an alleged Ponzi scheme that police say bilked thousands of investors out of up to $400 million delivered his own closing argument Tuesday, telling the jury his best weapon against the Crown's case is the truth.

Webmaster's Commentary: 

Only $400 million? That's pocket change to Bernie Madoff-with-the-loot! :)

Feb 11 18:44

Report: Bank of America used government-backed unit to help clients skirt taxes

Until recently, Bank of America Corp. (NYSE:BAC) had been using its U.S. banking unit, which is backed by the federal government, to finance controversial trades that helped its clients avoid taxes, according to a report from The Wall Street Journal.

Citing internal documents and people familiar with the matter, the report says that from at least 2011 until last year, BofA used funds from that subsidiary to finance transactions by its European investment-banking business — a practice frowned upon by federal regulators.

Feb 11 17:06

Standard & Poor's downgrades Kazakhstan, Bahrain, Oman and even Saudi Arabia

International rating agency Standard & Poor's downgraded credit ratings of Kazakhstan, Bahrain and Oman on Monday amid a sharp drop in oil prices, a press release from the agency said.

Kazakhstan's rating was lowered to "BBB" with a negative outlook from "BBB +". The agency downgraded Bahrain's rating to "BBB-" with a negative outlook from "BBB". Oman's rating was downgraded from "A" to "A-" with a negative outlook.

Feb 11 16:16

RANT: ‘Benefit Cheats’ RAIDED While HSBC Assists Terrorists?!

Yesterday, I covered a story that exposed HSBC as working with terrorists, royals, drug barons and celebrities to help them avoid paying taxes. Today, I was trying to enjoy lunch when I came across a news story so outrageous that I was almost forced to seek medical assistance for shock. British Police launched a dawn raid, not on HSBC, but families accused of benefit fraud. Benefit fraud isn’t a great thing obviously, but let’s put it into perspective.

Don’t forget this is the same country that is currently hunting people down for attempting to buy copies of Charlie Hebdo and letting people die by cutting spending on healthcare to balance a budget.

Feb 11 15:44

Keystone pipeline clears Congress, sets up Obama veto

Congress gave final approval to the Keystone XL pipeline on Wednesday, clearing the bill for President Obama, who has vowed a veto.

The House voted 270-152 to pass the bill, which had already passed the Senate late last month. Twenty-nine Democrats joined with all but one Republican in backing the pipeline in the House.

Keystone would bring oil from the tar sands of Alberta, Canada, into the U.S. where it will be refined and then shipped.

Feb 11 15:33

Restore the Bank of Canada

The Bank of Canada, unlike the Federal Reserve in the U.S., is wholly owned by the people of Canada. It was nationalized in 1938 and was used very successfully to fund infrastructure, social programs, education, etc, for the benefit of all Canadians. It was used to bring us out of the depression, funded WWII, to build highways such as the McDonald-Cartier freeway, public transportation systems, subway lines, airports, the St. Lawrence Seaway, our universal healthcare system and our Canada Pension Plan.

Unfortunately, since Canada adopted economist Milton Friedman’s theory of monetarism in 1974 this has not been the case and one can track the progression of the dismantling of Canada since then.

Feb 11 15:29

Europeans Do Not Want to Die for Kiev - Former German Minister

Former German Minister for Economic Cooperation, Erhard Eppler, said that Ukraine's economic revival depends on the cooperation with Russia, as the EU cannot cope with the recovery of Ukraine alone.

The visit of German Chancellor Angela Merkel to the United States once again showed that there is no unity between Brussels and Washington on the situation in Ukraine, former Minister for Economic Cooperation, Erhard Eppler, wrote in his essay in the German newspaper “Sueddeutsche Zeitung.”

Eppler stated that Europe is interested only in the peaceful settlement of the conflict and underlined the key role of Russia in this process.

Feb 11 14:47

Canadians Sued The Bank Of Canada & Won. Mainstream Media & Government Blacks Out Story

Recently, constitutional lawyer Rocco Galati won yet another round of appeals set forth by the Bank of Canada in a case involving two Canadians who filed an action in federal court to restore The Bank of Canada to its original purpose and operations. This is a very significant story but you probably haven’t heard of it. Why? The mainstream media and government have blacked out the story for reasons that appear to stem from fear of how the public will react to realizing they’ve been systematically enslaved for decades.

Feb 11 14:46

Constitutional Lawyer Rocco Galati: Restore The Use Of The Bank Of Canada Lawsuit Press Conference

Feb 11 14:44

BANK OF CANADA LAWSUIT Why Is Canada Borrowing Money at Interest From Private Banks Instead of Using BOC, As We Did Before 1974?

The Case To Reinstate The Bank Of Canada

Feb 11 13:59

Bank of Canada Semi-Secret Law Suit - Michael Rivero - Febuary 10, 2015

Feb 11 13:04

Capitalism is Leaving the Building with the Military. You? Erratic Lights & Water, potholed Roads, sagging Bridges, Crumbling Schools,& Hospitals, Dead Postal Service…

The fact that the Monopolists have won the game makes no difference to your tax dollars – they are still used to pay off mountainous usurious (illegal, immoral, impossible-to-pay-back) National Debt instead of ‘infrastructure maintenance’, which is what goverhment is supposed to be all about: You, The People.

Feb 11 12:11

Record Number of Americans Gave Up US Citizenship in 2014

While the debate over undocumented immigrants in the US dominates the political landscape, a record number of Americans are pursuing the American Dream abroad.

Feb 11 12:10

Obama slams Staples, corporations for Obamacare-tied cuts: ‘Shame on them’

President Obama didn’t take kindly to Staples executives who slashed worker hours due to what they said was the need to curtail expense related to Obamacare, saying such corporations can “well afford” to pay.

Webmaster's Commentary: 

No, we CAN'T! American businesses were already hovering at the edge of collapse before ACA and the higher costs will and are driving many of them over that edge into bankruptcy and closure. Add the the fact that the Obamacare-compliant health insurance isn't worth the paper it is on which means Americans who have been forced to buy those policies are being driven into bankruptcy by the unpaid portions of their medical bills!

Washington DC and Wall Street are still laboring under the delusion that there is still vast amounts of wealth out here in the heartland and all they have to do is figure out how to scam it out of us all. But the well is dry, the barn is empty, the cookie jar has no more to give.

Feb 11 09:45

It’s Only A Matter Of Time Before Greece Exits The Euro

Greece is beginning to dominate global news once again as the newly elected party, Syriza, is trying to renegotiate the country’s debt with its creditors, mainly the ECB. Both sides appear to be playing chicken which is creating uncertainty in financial markets with both Europe and U.S. markets recently stalling.

Feb 11 09:15

Our House of Cards — Paul Craig Roberts and Dave Kranzler

As we have reported on a number of occasions, whenever the price of gold in the futures market starts to rise, massive uncovered shorts are suddenly dumped on the market. As the shorts dramatically increase the supply of future contracts all at once, the supply overwhelms demand, and the price of gold is driven down despite the fact that the demand for gold in the physical market is strong. (Remember, the price of gold is determined in the futures market in which contracts are largely settled in cash and seldom in gold. The physical market is where gold bullion is purchased, not paper claims on gold for speculation.)

Feb 11 08:17

Fed mobilizes against Rand Paul's audit legislation

The Federal Reserve is mobilizing against Sen. Rand Paul's increasingly popular effort to audit the central bank.

“This is about interfering with the making of monetary policy. I respect the gentleman from Kentucky, but he’s wrong,” said Federal Reserve Bank of Dallas President Richard Fisher on Fox Business Monday evening.

Webmaster's Commentary: 

Under the Constitution, only the government has the authority to make monetary policy, not a privately-owned central bank. And because the Constitution does not authorize the delegation of transfer of such authority, it would require a Constitutional amendment to do so. The federal Reserve is hence unconstitutional and the deb owed by the American people to the private central bankers is null and void.

Feb 11 08:09

Greek PM Tsipras: Reform on our own terms

Ahead of emergency eurozone talks, Greek Prime Minister Alexis Tsipras has refused to bend on his country's demand of renegotiating a bailout. The solution for Greece must come from Greece, he has said.

Feb 11 07:59

Russia, Greece foreign ministers to discuss finance, energy cooperation, Ukraine crisis

The foreign ministers of Russia and Greece, Sergey Lavrov and Nikos Kotzias, will meet in Moscow on Wednesday to discuss cooperation between the two countries in finance, energy, transport and education spheres alongside developments in Ukraine.

Webmaster's Commentary: 

If Greece leaves the EU and the Euro, and aligns with Russia, it blows the whole US "encirclement" of Russia out the window!

Feb 11 07:57

EU institutions never discussed Russia’s disconnection from SWIFT — source

EU institutions never discussed the issue of Russia’s disconnection from the SWIFT international bank message system, a European source said at a briefing on Wednesday ahead of an extraordinary EU summit on February 12.

The EU summit is expected to discuss the Ukraine crisis.

"This issue was never considered by EU institutions and I would not speculate on this topic," the European diplomat said.

Feb 11 07:56

Russia to take over presidency in BRICS Business Council on April 1

The summits of the Shanghai Cooperation Organization and BRICS countries are scheduled to be held in Ufa, the capital of Russia’s Volga republic Bashkiria, on July 8-10, 2015

Feb 11 07:31

The Case to “Reinstate” the Bank of Canada

There is a very interesting legal case that is playing out in Canada at the moment. William Krehm, Anne Emmett, and COMER (The Committee for Monetary and Economic Reform: http://www.comer.org/) filed a lawsuit on December 12th, 2011, in Federal Court to try to force a restoration of the Bank of Canada to its mandated purposes. In essence, they want the Bank of Canada to provide interest-free loans to the federal, provincial, and municipal governments, as provided for in the Bank of Canada Act.

Webmaster's Commentary: 

This is getting zero corporate media coverage. Canada's government has ordered the Canadian media to suppress this story and I am getting emails from Canadian readers that links to the story are blocked in Canada. A Google news search returns only this one article.

Feb 10 18:32

“Grave” repercussions for NATO if Greece turn to Russia

Kammenos, who is a member of the Independent Greeks, the right-wing party who formed a coalition with left-wing Syriza after they failed to secure a majority in January’s elections, warned that: "Plan B is to get funding from another source. It could be the United States at best, it could be Russia, it could be China or other countries."

Feb 10 13:06

“It’s complete horse sh*t!”: Watch an Ivy League professor dismantle GOP’s austerity lie

As devoted readers of Paul Krugman know well, there’s plenty of evidence from the last six years indicating that austerity, the idea that the government can best boost the economy by engaging in significant tax hikes as well as spending cuts, simply doesn’t work — at least not in today’s economic conditions. With the U.S. going through a period of significant GDP growth, a decrease in the unemployment rate and a falling deficit, it’s a lesson that holds less salience today than it did in years past. But in the eurozone economy, the application of “expansionary austerity” has been vigorous — and rather unsuccessful.

Feb 10 10:44

Bring Back The Bradbury!

Webmaster's Commentary: 

'Britain's temporary equivalent to Lincoln's Greenback and Jack Kennedy's Silver backed US Treasury Notes. These Bradbury Pounds were issued at the beginning of World War 1 to prevent a run on the banks and the request most ironically seemed to come from the banks themselves! These 'interest free' notes were issued as a form of 'national credit and were signed by John Bradbury, the then secretary to the Treasury, rather than the chief cashier of the 'Bank of England', Britain's private central bank (it certainly was back then prior to 1946).

They were soon withdrawn after the liquidity crisis was over as it limited the banks from making a healthy profit from the war.

Feb 10 09:56

Staples Threatens To Fire Staff For Working More Than 25 Hours A Week

n 2015, an Affordable Care Act provision requiring large employers to offer health insurance to staff working more than 30 hours a week kicked into effect. Now, some part-time staff at Staples say management has become extra vigilant about limiting their hours.

Webmaster's Commentary: 

No surprise here.

After all, Obamacare was NEVER about affordable health care for Americans; the legislation was written by the medical insurance companies to insure that their profits stayed predatorily high, while shafting the American consumer with huge deductibles, and items not covered, if someone had a hospital visit.

Feb 10 09:55

Is Soros Preparing A Color Revolution For Greece?

For those watching the developments from afar, the hope is that the spark in Greece will light the brushfire across Europe and the rest of the world that says “No!” to austerity and banker domination of national economies.

Yet, while the signs coming out of Greece may seem positive at first, there is an ominous cloud approaching – the cloud of George Soros and his color revolution apparatus.

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA