ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jul 18 08:13

Central Bankers Are Always Wrong

The global dollar-based monetary system is in serious jeopardy, according to former Texas Congressman Ron Paul. And contrary to Fed Chairwoman Janet Yellen’s assurances that there won’t be another major crisis in our lifetime, the next economy-cratering fiat-currency crash could happen as soon as next month, Paul said during an interview with Josh Sigurdson of World Alternative media.

Jul 18 08:03

ECB to carry out investigation of Deutsche Bank's two largest shareholders - reports

EUROPE'S top banking regulator, the European Central Bank (ECB), is considering carrying out a special assessment of Deutsche Bank's two largest shareholders, a German paper reported on Sunday, citing regulatory sources.

Jul 18 07:40

The False Economic Recovery Narrative Will Die In 2017

Yes, the narrative of the “new normal” has been around for so long now that many people have simply grown used to it. The assumption is that the fiscal “new normal” has become the fiscal “normal,” and though the fundamentals continue to strain under the weight of poor global demand and historic debt levitated by extraneous fiat stimulus, the masses feel far less fear than is warranted. Hey, why should they? We’ve managed around eight years skating on thin ice, why shouldn’t we expect eight more years of the same?

The banking elites have done the job they set out to do, which was to drive the economy to the very edge of the financial cliff, and then keep it suspended there until the general public became comfortable living next door to the abyss.

Jul 18 07:26

Bloomberg Silver Price Survey – Median 12 Month Forecast Of $20

In a Bloomberg survey of 13 traders and analysts, the majority were bullish. 11 people said silver prices would rise and two predicted declines.

Jul 18 04:58

INDIA: CASHLESS TRANSACTIONS A THING OF PAST IN AP

Cashless transactions are fast becoming a thing of the past. People are reluctant to use cashless facilities, which has made the government’s much-hyped campaign a failed episode.

Jul 17 15:52

Central Bankers Are Always Wrong

The global dollar-based monetary system is in serious jeopardy, according to former Texas Congressman Ron Paul. And contrary to Fed Chairwoman Janet Yellen’s assurances that there won’t be another major crisis in our lifetime, the next economy-cratering fiat-currency crash could happen as soon as next month, Paul said during an interview with Josh Sigurdson of World Alternative media.

Jul 17 15:38

$10bn cryptocurrency devaluation in 24 hours, Bitcoin hit hard

Cryptocurrency investors have suffered heavy losses following a dramatic drop in the price of Bitcoin and Ethereum in recent days.

Bitcoin fell to around $1,863 and Ethereum to around $133 over the weekend – 38 percent and 67 percent off their all-time high respectively. Bitcoin, in particular, suffered heavy losses since hitting a high of $3,018 on June 12.

By Monday, Bitcoin had recovered slightly to $2,129 while Ethereum also rose to $176.

Jul 17 15:35

Cashless Society Alert: Visa Will Be Giving Up To $500,000 To Restaurants That Go ‘100% Cashless’

The push toward a cashless society is becoming more of a shove.  Before today I had never heard of “The Visa Cashless Challenge”, but after reading about it I have to say that I am quite alarmed. 

Jul 17 14:01

Big Military Spending Boost Threatens Our Economy and Security

On Friday the House overwhelmingly approved a massive increase in military spending, passing a $696 billion National Defense Authorization bill for 2018. President Trump’s request already included a huge fifty or so billion dollar spending increase, but the Republican-led House found even that to be far too small. They added another $30 billion to the bill for good measure. Even President Trump, in his official statement, expressed some concern over spending in the House-passed bill.

Jul 17 13:53

PENTAGON STUDY DECLARES AMERICAN EMPIRE IS ‘COLLAPSING’

In the first of a series, we report on stunning new evidence that the U.S. Department of Defense is waking up to the collapse of American primacy, and the rapid unraveling of the international order created by U.S. power after the Second World War. But the Pentagon’s emerging vision of what comes next hardly inspires confidence. We breakdown both the insights and cognitive flaws in this vision. In future pieces we will ask the questions: What is really driving the end of the American empire? And based on that more accurate diagnosis of the problem, what is the real solution?

Jul 17 13:52

The Pension Collapse Is Starting in Illinois

After degrading for decades, America’s public pension system is finally at its breaking point, and the first shoe is about to drop in Illinois. Is this the beginning of the end?

Jul 17 12:01

1984 At The Grocery Store

Wall Street analysts tell us that Amazon’s $14 billion buyout of Whole Foods isn’t only a win-win for both of them, but also for consumers, for Amazon intends to lower the organic grocer’s prices.

Jul 17 11:57

The Korean Matrix

The Defense Ministry in Seoul proposed to talk at the border village of Panmunjom, while the Red Cross proposed separate talks to discuss family reunions.

South Korea Proposes Military Talks with North Korea For Later This Month
So South Korean President Moon Jae-in has made up his mind — after his inauguration on May 10 and Pyongyang's ICBM test on July 3.

All this is happening just as what Seoul really wants is to do business — in a Korean variant of the China-driven New Silk Roads, renamed Belt and Road Initiative (BRI). Seoul wants to build a Trans-Korean Railway, and go even beyond, connecting it with the Trans-Siberian and, what else, the Chinese-built Eurasian land bridge. That happens to be the so-called Iron Silk Road concept, which South Korea has been dreaming about since an Asia-Europe Meeting (ASEM) summit in 2004.

Jul 17 11:44

Auto Defaults Soar On The Back Of "Hasty Loans And, At Times, Outright Fraud"

n the years after its 2009 bankruptcy, Chrysler looked for a dedicated lender to help customers "finance their cars quickly"...which was code for a lender who could help the struggling OEM expand their market share by making extremely risky loans to subprime borrowers all while laying off the credit risk to unsuspecting pension funds. As such, Chrysler ultimately picked Santander due to its expertise in “automated decisioning”...which was code for the ability to advance credit without actually performing income verification tests on borrowers.

For a time, Chrysler and Santander enjoyed a perfect symbiotic relationship as it offered Santander an opportunity to aggressively expand in the U.S. subprime loan market, and Chrysler, the perennial third wheel among the “Big Three,” was able to target customers that were previously deemed untouchable by lenders. Of course, as Bloomberg points out today, the problems surfaced almost from the start.

Webmaster's Commentary: 

Absoflippinglutely unbelievable!!

Jul 17 10:55

How Dumb Is The Fed?

Jul 17 10:39

Mass Unemployment Will Start Around 2025

Jul 17 10:19

The Biggest Issue of our Time

Great civilizations don't die from murder, they die from suicide.

Longtime Steyn readers will be familiar with the demographic thesis of his 2006 international bestseller America Alone: The End of the World as We Know It. Almost the entire developed world is mired in deathbed demography from which no functioning society has ever recovered.

Mark's book was a big success a decade ago. But it is a melancholy fact that most people in the western world remain entirely unaware of this remorseless arithmetic or its likely consequences. So this brand new SteynPost is a kind of primer on demographic trends, and where they lead.

Jul 17 09:54

Congress needs to raise the debt ceiling or risk a constitutional crisis. Here’s why.

The U.S. Treasury Department is quickly approaching the debt ceiling and lawmakers will have to move fast to raise it before it's too late.

Republicans in both the House and the Senate have repeatedly listed raised the debt ceiling as one of their many reasons for opting to work through their August recess and members of the Trump administration have urged Congress to do so before the summer break.

Currently, the U.S. debt is over $19 trillion. So what happens if we go over the debt ceiling? It would put the U.S. Treasury Department in a very sticky situation.

The U.S. Treasury still has to pay the bills, whether we hit the debt ceiling or not, but the problem if we do reach the debt limit is that now the Treasurer will have to essentially write checks illegally, taking on new debt in order to pay for things like pensions for retired federal employees against the rules set by Congress.

Webmaster's Commentary: 

I wish someone in DC understood that this debt is absolutely unpayable; if individual, responsible families in this country can live within their means, without going into major debt, this government needs to do that also.

Jul 17 09:53

Earth’s Economy Glorifies Waste, Exploitation, Debt, Expediency and Magical Thinking

Humanity appears to default to magical thinking when faced with untenable situations that demand systemic change.

How would extraterrestrial anthropologists characterize Earth’s dominant socio-economic system? It’s not difficult to imagine their dismaying report:

“Earth’s economy glorifies waste. Its economists rejoice when a product is disposed as waste and replaced with a new product. This waste is perversely labeled ‘growth.’

The stripping of the planet’s oceans for a few favored species of edible fish is also considered ‘growth’ as the process of destroying the ocean ecosystem generates sales of the desired seafood.

Even more perversely, the resulting shortages are also causes of rejoicing by the planet’s elites, as their ability to purchase the now-scarce resources boosts their social status and grandiose sense of self-worth.

This glorification of waste is the same dynamic that destroyed the civilization on Zork.

Jul 17 09:00

Tech may replace half all low-skilled jobs in the U.S.

Ball State University sits in Muncie, Indiana, at the heart the "Rust Belt," so educators there have the right to be pessimistic about the drift of the U.S. economy. But a report by the school's Center for Business and Economic Research goes even further.

"We found a toxic brew," said CBER Director Michael Hicks. "Automation is likely to replace half of all low-skilled jobs, and roughly one in four of all American jobs are at risk from foreign competition in coming years."

This is happening right on Hicks's doorstep. While the nation's most vulnerable area is the Aleutian Islands, some of the hardest hit places are likely to be Midwestern counties only 15 minutes from his office.

Webmaster's Commentary: 

What kills me about the US education system, is that we are generally not training kids in high school and college for the evolution/revolution in technology which is going to change how we define work forever, into the future; that has to change, if the US is going to remain economically competitive.

Jul 17 08:47

While homelessness surges in Disneyland's shadow, Anaheim removes bus benches

Sweat rolled down Ron Jackson’s face as he pondered, as he does every day just steps from “the Happiest Place on Earth,” where he would sleep.

The homeless man’s hangout in Anaheim had until recently been a grimy bus bench across the street from Disneyland.

Then, one day, the benches around the amusement park — including his regular spot outside of a 7-Eleven at Harbor Boulevard and Katella Avenue — disappeared.

Soon, people were competing for pavement.

Jul 17 08:40

The Economic System Has Failed,The Fed Will Hide It All By Pushing Markets Higher

Many of the EU countries are at the point where more and more people are falling into poverty. The stats don't add up, unemployment decreases and retail sales decreases and the restaurant industry declines rapidly.

Jul 17 08:25

BREAKING: Corrupt Chinese Billionaire Spy Wants to Buy Over One Billion Pounds of American Copper

Chinese intelligence-connected billionaire James Riady wants to purchase an enormous copper mine to corner the market for China despite being banned from the United States in 2001.

The Chinese are colonizing Africa but rapidly running out of copper deposits to mine in stable areas. “No matter where the project is, Chinese investors are coming for it,” and as China’s appetite dramatically outpaces its domestic supply and as Chinese investors chase after other countries’ resources, that includes America.

Jul 17 08:17

Royal Mint executive earning £123,000 salary 'claimed £45,000 on expenses including 45p pack of tissues'

An executive at the government-owned Royal Mint reportedly billed the taxpayer for a 45p packet of tissues as he clocked up £45,000 in expenses in a year.

Director of bullion Chris Howard also claimed for a 50p packet of chewing gum and a £1.50 bottle of water despite earning £123,000 a year, according to the Sunday Times.

Jul 17 07:57

Microsoft cuts off Windows 10 support early for some PCs

An entire generation of PCs, most only three or four years old, are now unable to receive new feature updates to Windows 10. If Microsoft doesn't deliver a patch within the next six to nine months, those PCs could be cut off from security fixes.

Jul 17 07:26

The Only Way OPEC Can Kill U.S. Shale

One commodity analyst got it right: the OPEC cuts would not work. After November last year when the oil cartel announced its agreement with Russia and 11 other producers to curb production in a bid to prop up prices, the overwhelming mood was optimistic. The main worries were that some members would cheat and that U.S. shale may prove to be more resilient than previously believed.

That’s exactly what happened.

Jul 16 19:05

What the Headlines Got Wrong about Friday’s Data Dump

As if they’re trying to force the Fed to change course.

Jul 16 15:01

Nevada Declares State Of Emergency Over Weed Shortages

By Aaron Kesel

Nevada’s Governor Brian Sandoval declared a state of emergency over recreational marijuana regulations after the Nevada Tax Commission reported a shortage of medical weed in its many stores.

The Nevada Tax Commission stated that it will consider implementing emergency regulations on July 13 to provide a stronger structure for marijuana distribution to retailers. These new regulations would also allow for liquor wholesalers to get into the marijuana business...

Jul 16 14:02

Our Disneyland Economy

Disneyland is known as a place “where dreams come true” and where every story always has a happy ending.  But there is going to be no happy ending for the U.S. economy. 

Jul 16 13:51

In the UK, 77% of 2017 university grads will never fully repay their student loan debt

Because of the UK's dramatic shift from student grants to loans, a startling report from the Institute for Financial Studies predicts that 77.4% of university graduates in the UK's class of 2017 will not repay their full student loan obligations. This is up from 41.5% just six years ago in 2011.

Jul 16 12:34

They Want to Put Nano-Chips into Currency So they can track every note

Believe it or not, Australia has a Black Economy Taskforce that hunts down citizens in every possible way.

Jul 16 09:18

Visa offers $500K for eateries to stop accepting cash

Visa is challenging small restaurants, cafés and food trucks to stop accepting cash. The credit card company announced in a news release this week it is offering $500,000 to 50 eligible U.S.-based eateries to go 100 percent cashless.

Jul 16 08:42

Disastrous Capitalism – But Is a U.K. Labour Government the Solution?

Consider the Grenfell Tower inferno as an expression of a new kind of class war, but not a class war as we have known it–between organised workers, political parties and capital–but between ordinary citizens and the local fiefdoms of the capitalist state as increasingly, big business has taken over the running of what’s left of our public and collective life, through ‘outsourcing’, public-private-partnerships and what have you, where making a profit is the bottom line, not serving the public.[1]

Worse still, in order to justify this thievery on a national/international scale that runs to trillions, the state and its partner the corporate/state media, has had to resort to the ‘trusted’ Victorian method of blaming the victim for their own poverty, their own shortcomings, their own misery. Ergo, Grenfell.

Webmaster's Commentary: 

The Brits seem to be in as much of a quandary over these kinds of issues as are their American cousins.

But the first thing that needs to happen to the people who managed Grenfell Tower is a forensic audit, showing where every bit of money they collected, from every resource, actually went.

The money was obviously never put into the building to make it more safe; the original building engineering was totally lousy, in order to "value engineer" it to be constructed as cheaply as possible, and to hold as many people as humanly possible, in small, cramped spaces.

Jul 16 08:14

House passes $696.5B defense policy bill

The House on Friday overwhelmingly passed a wide-ranging, $696.5 billion defense policy bill that goes far above President Trump’s budget request.

Lawmakers voted 344-81 on the National Defense Authorization Act (NDAA), which broadly lays out policy and spending rules for the Pentagon and the military branches.

The bill would authorize $621.5 billion for the Pentagon's base budget and Energy Department nuclear programs and $75 billion for war funding, known as the Overseas Contingency Operations (OCO) account. In addition, the bill takes $10 billion in OCO dollars to pay for base budget needs.

Only eight Republicans voted against the legislation, which passes Trump’s defense request of $603 billion. Reps. Justin Amash (Mich.), John Duncan (Tenn.), Tom Garret (Ga.), Louie Gohmert (Texas), Morgan Griffith (Va.), Andy Harris (Md.), Thomas Massie (Ky.) and Tom McClintock (Calif.) were the Republicans voting no.

Webmaster's Commentary: 

I would suggest that Congress will most probably repeal the BCA.

Jul 16 08:10

RON PAUL WARNS "CENTRAL BANKERS ARE ALWAYS WRONG...ESPECIALLY BEFORE A BUST"

The global dollar-based monetary system is in serious jeopardy, according to former Texas Congressman Ron Paul. And contrary to Fed Chairwoman Janet Yellen’s assurances that there won’t be another major crisis in our lifetime, the next economy-cratering fiat-currency crash could happen as soon as next month, Paul said during an interview with Josh Sigurdson of World Alternative media. Paul and Sigurdson also discussed false flag attacks, the dawn of a cashless society and the dangers of monetizing national debt.

Paul started by saying Yellen's attitude scares him because "central bankers are always wrong - especially before a bust."

Webmaster's Commentary: 

Someone on Dr. Paul's site has been reading WRH!! :-)

Or, possibly, great minds think alike!!

Jul 16 07:32

HONG KONG PROPERTY MARKET ABOUT TO CRASH - Bubble About To Burst?

It was in February of 2016 when, looking at the latest trends in the Hong Kong housing market, we wrote that in January [2016] Hong Kong home prices tumbled the most since July 2013, and after a 12 year upcycle, prices were now down 10% from the recent peak just four months prior... while the local Centaline Property Agency estimated that total Hong Kong property transactions at the start of 2016 were on track to register the worst month on record.

Jul 16 07:22

Tony Blair says Brexit must be stopped to halt harm to UK

There's a chance Britain won't leave the European Union, former Prime Minister Tony Blair said Saturday, arguing that stopping Brexit is "necessary" to avoid severe economic damage.

In an article published by Blair's Institute for Global Change, he wrote that EU leaders might be willing to "reform and meet us half way" to keep the U.K. in the bloc. He said that might include compromise on freedom of movement - a key EU principle that conflicts with Britain's goal of placing limits on immigration.

Blair said conditions in Britain and Europe had changed since the U.K.s EU membership referendum in June 2016. Europe has some new leaders, including France's centrist President Emmanuel Macron. And in Britain, the Conservative government suffered a setback in last month's election.

Webmaster's Commentary: 

Tony Blair, a word, please; whatever the EU is paying you to spew this codswallop, it cannot possibly be enough.

In a world where you live with armed guards and drivers, it is impossible for you to see at all in what kind of a world of hurt, and physical danger, unchecked immigration has left your brother and sister Brits.

And until you have your "Buddha on the road" moment on this issue, you will continue to be totally irrelevant to the current discussions on the directions Brexit should take.

Jul 16 07:14

RUSSIA & CHINA DECLARE ALL OUT WAR ON US PETRODOLLAR — PREPARE FOR EX

The formation of a BRICS gold marketplace, which could bypass the U.S. Petrodollar in bilateral trade, continues to take shape as Russia’s largest bank, state-owned Sberbank, announced this week that its Swiss subsidiary had begun trading in gold on the Shanghai Gold Exchange.

Russian officials have repeatedly signaled that they plan to conduct transactions with China using gold as a means of marginalizing the power of the dollar in bilateral trade between the geopolitically powerful nations. This latest movement is quite simply the manifestation of a larger geopolitical game afoot between great powers.

According to a report published by Reuters:

Sberbank was granted international membership of the Shanghai exchange in September last year and in July completed a pilot transaction with 200 kg of gold kilobars sold to local financial institutions, the bank said.

Webmaster's Commentary: 

IF you can manage to get into some physical gold and silver, while the price in the US is still being suppressed, now would be one heck of a good time to do this.

We may well be seeing the US starting to use two types of currencies; one, internal to the US, and one external, backed in gold and/or silver; but the days of the petrodollar appear to be numbered right now.

Jul 16 07:13

Is California Bailing Out Tesla through the Backdoor?

Tesla will soon hit the limit of the federal tax rebates, which are good for the first 200,000 EVs sold in the US per manufacturer beginning in December 2009 (IRS explanation). In the second quarter after the manufacturer hits the limit, the subsidy gets cut in half, from $7,500 to $3,750; two quarters later, it gets cut to $1,875. Two quarters later, it goes to zero.

Jul 15 16:29

Man Pleads Guilty In Tax Refund Fraud Scheme 

Boston: A man pleaded guilty to a scheme that involved stolen identities to collect fraudulent tax returns

The US Justice Department said 45 year old Furvio Flete-Garcia admitted guilt during his trial , on Thursday, and is scheduled to be sentenced on Sept 26 in federal court

Jul 15 16:20

Mish Shedlock: Confidence In Trump Economy?

Jul 15 13:55

Is The Next Wave Up “Emerging”?

Jul 15 13:18

Walmart shopper catches large snake in parking lot

This lady knows high quality protein when she sees it and what a deal.

July 13 (UPI) -- An Oklahoma woman who spotted a large snake slithering around the parking lot of her local Walmart didn't wait for authorities -- she grabbed the serpent herself.

http://www.upi.com/Odd_News/2017/04/26/Police-round-up-40-snakes-dumpe...

Jul 15 11:15

Inflation? Where?

A lot of eyes were on Janet Yellen’s testimony in front of the Senate Banking committee last week, as investors wanted to hear more clues about a potential change in the economic and monetary policy of the Federal Reserve. People seemed to be particularly interested in finding out more about the expected rate hike pace and the reduction of the size of the Fed’s balance sheet.

Jul 15 10:28

Is Personal Debt Costing Us Our Mental Health?

Jul 15 10:27

The Central Banker Paper Reveals The Process Of Controlling Currency

UMich consumer confidence declines to the lowest since before the election, hope vanishes. Chain restaurants a traffic and revenue decline, this is a disaster.Auto loan origination decline to the lowest since the financial crisis.

Jul 15 10:03

The Rape of Russia Explained by Anne Williamson

When the Soviet Union cracked up, American journalist Anne Williamson was a popular freelancer on all things Russian for the Wall Street Journal and other prestigious outlets. A major New York publisher signed her to a contract for a book on Russia in 1993. But when she finally delivered a manuscript in 1997 predicting that the Russian bond market would crash in 1998 (which it did), nobody in the publishing world would touch it. Williamson believes that her criticism of the Clinton Administration and, especially, of George Soros made it radioactive. According to a 2001 essay in the New York Review of Books, Williamson’s unpublished book was “widely read in manuscript.”

Jul 15 08:35

New US sanctions will be timed to tank the ruble before Russian elections

Our monetary authorities are doing everything possible to ensure that gang of international speculators [American hedge funds] can enter. Because there are no restrictions on cross-border capital flows. And most importantly, not only to come in, but also to exit. And what we are now witnessing is just the beginning of a process of packing suitcases and departure of these investors. But we know that this sword of Damocles of American law is hanging over Russia, which will toughen economic sanctions, practically stripping Russia of any credit. And therefore, until this draconian law is enacted, in my estimation, it can happen somewhere in December, they have this time to pack up the capital and leave.

Jul 15 07:15

PEOPLE NOT AMUSED BY EU EFFORTS TO “DE-CASH” THEIR LIVES

In January 2017 the European Commission announced it was exploring the option of imposing upper limits on cash payments, with a view to implementing cross-regional measures as soon as 2018. To give the proposal a veneer of respectability and accountability the Commission launched a public consultation on the issue. Now, the answers are in, but they are not what the Commission was expecting.

A staggering 95% of the respondents said they were opposed to a cash ceiling at EU level. Even more emphatic was the answer to the following question:

“How would the introduction of restrictions on payments in cash at EU level benefit you, or your business or your organisation (multiple replies are possible)?”

In the curious absence of an explicit “not at all” option, 99.18% chose to respond with “no answer.” In other words, less than 1% of the more than 30,000 people consulted could think of a single benefit of the EU unleashing cross-regional cash limits.

Webmaster's Commentary: 

In spite of this overwhelmingly negative response, I would be willing to bet that the EU will go ahead with cash limits anyway, as people find creative ways of getting around them.

Jul 14 16:00

United Airlines considers reselling seats to travelers who will pay more

United Airlines is considering a program that pays passengers to give up their booked seats so that the carrier can resell them for a higher price to other fliers.

The Chicago-based carrier is talking with Volantio, an Atlanta-based revenue optimizing company that is looking to work on similar projects with Alaska Airlines, Qantas and Tiger Airways, an Australia-based low-cost carrier.

Webmaster's Commentary: 

Do the passengers who are giving up their booked seats have anything to say about it?

Jul 14 15:43

The Bubble in Financial Assets Continues

Jul 14 15:03

CBS Radio Lost $552 Million in 2016

Jul 14 14:11

Auto sales disappoint again

Jul 14 13:44

Speculators Sour On Gold And silver, Which Means The Bottom Is Near

The stars — in the form of smart and dumb money futures contract positions — have once again lined up favorably for precious metals. Here are those positions for gold and silver as of Tuesday the 4th.

Jul 14 13:22

Alarm Bells Are Going Off Everywhere, The Message, This Economy Cannot Be Sustained

Credit card companies begin to make offers to retailers to stop accepting cash and only use debit or credit. CBO says that Trump will not be able to balance the budget because the debt is unsustainable.

Jul 14 13:19

Financial-Crisis-Style Carmageddon Descends on Houston

Houston is recovering from the oil bust. Didn’t consumers get the memo?

Jul 14 13:10

Why is China buying the world's seeds?

Two weeks ago, state-owned ChemChina finalized its $44 billion purchase of the Swiss pesticides and seeds giant, Syngenta. It was China's biggest foreign takeover of all time.

Jul 14 13:06

Super-Rich Will Not Save The World Vis-A-Vis Vampire/Parasitic Principles

Indeed, the young are tethered to a slumber land of no ideas or ideals. Shackled to the beasts of debt and endless consumer-rent-mortgage-fee-levy-tax-fine-surcharge-hidden add on Capitalism. They amble to the nearest Starbucks and find the plastic putrid world and shitty coffee essence safe, conformist, the place to snuggle in with Twitter-Snapchat-Instagram-Facebook-Spotify.

Jul 14 12:57

Saudi Arabia: What’s Really Behind Trump’s Hypocrisy?

It is curious then that President Trump’s first trip abroad was to Riyadh, Saudi Arabia, the sociocultural source code of the very extremism infecting both the Middle East and North Africa (MENA) as well as the wider, global extremism it inspires and fuels everywhere from Southeast Asia, western China and even in the streets of North America and Europe.

While the US postures to the world as engaged in a global war on terrorism, it is clear that those nations in the Middle East cooperating closest with Washington are in fact those also perpetuating this seemingly endless war. Why?

It turns out that perpetual war is a lucrative affair in both terms of acquiring wealth and power. It is this equation of wealth and power that takes precedence, even at the expense of narrative continuity and political legitimacy.

Dollars, Oil and Arms

Webmaster's Commentary: 

Perpetual wars are great for business, if you are part of the military industrial complex, but very lousy for the troops risking their very lives to fight them.

Patriotism cannot just be killing on command; it has to be more than this, by getting the Federal government to become infinitely more accountable for their actions and decisions than they are now to We the People.

And we know precisely where a lot of these munitions are headed; they will be part of the US government-enabled Saudi genocide in Yemen.

When I was a kid in school, even in college, I never imagined that I would be a citizen of a country participating in war crimes, which is precisely what the Saudis are doing in Yemen.

Infants, children, women, and the medically fragile elderly are being slaughtered and maimed for life; the Saudi military have been using DU weapons, which are causing massive cancers, still births, and horrific physical and mental deformities in Yemen's children; with US help, all Yemeni ports are blockaded, so infants and children are dying of complications of malnutrition; and now, cholera has taken a firm hold in Yemen, with over 300,000 stricken with the disease.

I love my country; but as a Christian pacifist activist, I must peacefully, calmly,and logically protest, and witness to, these activities on the part of my government.

We urgently need a national discussion on this, and demand from our Congressional representatives why in the name of Heaven is Yemen considered any kind of a "threat" to the US and/or Saudi Arabia?!? There is an article on this from last year, indicating that the real reason Yemen became a threat to Saudi Arabia was that, with rebel Houthi leaders there, there might be a huge Shia "awakening", with some assistance from Shia Iran, which would have negative implications for the Sunni, Wahabbi Saudi state. Why Saudi Arabia is hammering Yemen

Jul 14 10:12

SHOCKING: CEO of the CME Tells Fox Biz “Gold Should Probably Be At $5-$6k/oz”

WHY would the CEO of the CME state this on live TV?? Is it because he now expects much higher metals prices in the months ahead and he wants to front-run them with his “analysis”? Is he tipping off The Banks that their games are almost over? Does he know about the “reset” that Andrew Maguire has been referencing?

Jul 14 09:01

Wealthy investment bank executive is caught stealing $210 of groceries from Whole Foods that he hid in his children's stroller

An investment banker who is an executive at a billion-dollar investment bank was caught by a security guard at a New York City Whole Foods allegedly trying to walk out with $210 worth of groceries which were shoved into his children's stroller.

Jordan Lupu, 42, who lives in a $3 million home and who also owns a second $1.4 million house in Westchester, was caught at the Tribeca Whole Foods in Lower Manhattan and accused of shoplifting.

Webmaster's Commentary: 

Classic money-junkie behavior.

Jul 14 08:52

Why One of the Largest Oil Tankers Ever Made Just Sailed to Texas, Empty

In late May, the oil tanker Anne – three football fields long and six stories high – steamed into the port in Corpus Christi, Texas.

Now, oil tankers in the Gulf Coast are nothing new. They come from all over the world, full of oil, to supply U.S. refineries there.

But the Anne was different…

For one, it was the first time an oil tanker that large – capable of holding up to 2 million barrels of oil – had ever docked at an American oil terminal in the Gulf Coast.

More importantly, the Anne was empty…

Jul 14 08:47

National Debt Too High, Silver Price Too Low

Silver currently sells around $16, which would be sensible if the U.S. national debt was much less than its current $20 trillion.

Jul 14 08:36

Unlucky (Year) Number 7?

The 2nd half of years ending in “7? have historically exhibited the stock market’s worst semi-annual performance.

Jul 14 08:17

NEOCONS GET IN HERE: TUCKER CARLSON JUST HUMILIATED MAX BOOT ON NATIONAL TV

Over the past 30 years, the neocons have presided over the worst foreign policies in American history -- pursuing their Trotskyite schemes of war that have accelerated to an ebb tide that peaked during Bush the Idiot's reign.

Men like Max Boot, Paul Wolfowitz, Donald Rumsfeld, Bill Kristol, Richard Perle, and many others, have attached themselves to the republican party like a cancerous tumor -- transforming it from a checkered pants, cigar smoked room, boys club into a satanic cult out for the blood of the indigenous.

At the root of the neocon "plan", being disciples of Trotsky, is the destruction of "Mother Russia." It's in their blood -- because they're still mad at Stalin. This has been a constant since the 50's. It was only after the Berlin Wall fell and there was a detente between the United States and Russia in the 90s did these revolutionaries affix themselves to the GOP with real energy.

Webmaster's Commentary: 

I just listened to this, and it is priceless.

Tucker just handed this guy his hat, and I deeply appreciate how he handled the interview.

Jul 14 08:07

Trillions of dollars missing from DOD, NASA, and HUD

Former US Assistant Housing Secretary and Publisher of the Solari Report Catherine Austin Fitts joins me to discuss the TRILLIONS of dollars missing from the coffers of the DOD, NASA and HUD.

Catherine says that the same forces the have looted our nation are also interested in destroying the US Constitution. Fitts explains:

“The people who run this country want to implement slavery. They believe in slavery. They practice slavery. They will chip you. They will take your kids and use them for pedophilia, they will try to make pedophilia legal.”

Jul 14 07:59

Fracking can contaminate rivers and lakes with radioactive material, study finds

The vast amount of waste water produced by fracking can contaminate rivers, lakes and other waterways with radioactive material and hormone-affecting chemicals, according to new research.

The study tested sediments and groundwater downstream of a treatment plant in Pennsylvania that was designed to make the water used as part of the fracking process fit for release into the environment.

The scientists, from Pennsylvania State University and other academic institutions, discovered that despite this process there were “high loads of chloride, barium, strontium, radium and organic compounds” in the Conemaugh River watershed.

Stream sediments in Blacklick Creek, just downstream from one treatment plant, were found to contain about 200 times the level of radium upstream of the plant.

The highest concentration of radium found was just 14 per cent below the level at which it would have to be treated as radioactive waste in some US states.

Webmaster's Commentary: 

If, in fact, this data is correct, why in the name of heaven is this process still allowed to continue in the US?!?

Because of one 5 letter word: money.

And it's never the executives of the companies doing the fracking who have to live with environmental and health consequences of these processes; it is the "flyover/expendable" Americans who are forced to live with the consequences of these practices.

And of course, oil companies are very generous contributors to both Republicans and Democrats, so do not expect the political class in this country to even attempt to protect their "alleged" constituents from the harm fracking creates.

oil and gas: top political recipients of contributions

What is it going to take to get this process to stop?!?

I would imagine that a couple of high profile "Erin Brokovich"- type, class action lawsuits, in concert, just might. But it's going to take some attorneys with skills, and courage, to get the kind of compensation people who have suffered dramatically because of fracking in their neighborhood deserve.

Jul 14 07:25

Nasa admits it can't afford to land humans on Mars

While it might still be able to fly people to the red planet, touching down is a different matter entirely

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