Aug 23 05:45

Wyoming government claims ownership of the WIND… levies taxes on the movement of air

As absurd as it may sound, Wyoming’s state legislature is levying a tax on wind in an apparent effort to protect the fossil fuel industry by putting wind farms out of business.

Aug 23 05:33

Detroit ready to sue banks, private companies for unpaid property taxes

Detroit has finally set its sights on some of the real culprits of the city’s financial crisis—the banks and for-profit companies that refuse to pay their share.

Aug 22 15:10

The Summer Lull

Aug 22 12:39

Academics And Gov’t Don’t Want You To Know

Economics is far simpler than most in academics or government would have you believe. To make accurate predictions all you really need is an honest appreciation of the self-interest that is at the heart of free market transactions and an ability to understand how regulations that attempt to “correct” these realities don’t work. This is certainly the case with the completely predictable slow-motion train wrecks that are the signature U.S. domestic policy experiments of the last eight years: Obamacare and Federal Reserve stimulus. From the start, I issued countless commentaries on why both would fail spectacularly. The jury has started to come back on Obamacare, and the results are a disaster. And while the verdict on the Fed’s policies has yet to arrive in similarly stark terms, I believe that its failure is just as certain.

Aug 22 12:30


Aug 22 12:11


Aug 22 12:10

REPORT; The Richest 10% Hold 76% Of The Wealth

Aug 22 11:57

John Deere says it's laying off 145 at eastern Iowa plants

John Deere has announced more layoffs at two eastern Iowa plants.

Company spokesman Ken Golden said Monday that 115 workers in Waterloo will be laid off effective Sept 23 and 30 in Davenport effective Sept. 30.

UAW Local 838 shop chairman Tim Niedert told the Waterloo-Cedar Falls Courier ( ) that the layoffs came as no surprise. On Friday the Moline, Illinois-based company announced its 10th consecutive quarter of year-over-year earnings declines, citing continuing downturns in the agriculture sector.

Aug 22 11:51

Iron ore shipments light again in July

At 5.6 million tons in July, iron ore shipments were down 18 percent compared to the five-year average of 6.9 million tons, said the Lake Carriers’ Association in a news release this month.

Aug 22 11:27

Paris, 1787: It Reaches Manhattan, Doubtless Due to Continental Drift

It is easy to underestimate the peasantry, the little people. They appear well under control. All seems calm, unless one looks carefully. The means of control work smoothly: the legions, the church, the media, the secret police, the enforcers of political correctness. The serfs are cowed. Why worry about a distant peonage? Do we not have our castles? Let us dance and drink champagne.

And comes the guillotine.

Webmaster's Commentary: 

We may need to "Americanize" the system! :)

Click for larger image

Aug 22 09:22

The Fight For A Six Hour Workday



Aug 22 09:10

Baltimore City Council Advances Historic $15 Minimum Wage Bill

TRNN speaks to opponents and advocates of a measure that would raise the minimum wage in Baltimore to $15/hr by 2022 Visit.

Aug 22 08:23

Chileans demanding pension reform hold nationwide protests

Hundreds of thousands of Chileans have taken part in a nationwide protest demanding better provisions for retirees.

They milled through the streets in the capital on Sunday to put pressure on the government to adapt a pension system that would provide better retirement benefits.

The protesters in Santiago and other cities said they wanted the current pension system dismantled.

Chile’s current private pension system was launched in the 80s by free market advocate José Piñera during Augusto Pinochet's dictatorship.

Aug 22 07:01

The Inflation Imperative

“Given the nonsustainability of sovereign debt under current monetary regimes and the necessity for global inflation, there are three possible endgame scenarios facing us now.”

“The first scenario is that central banks are finally successful in launching inflation …”

The second scenario is a massive issuance of SDRs (Special Drawing Rights from the IMF) in the multitrillion-dollar equivalent range …”

“… the third scenario is the nuclear gold option … last resort … central banks and the IMF would … peg the price of gold much higher …”

“What these three outcomes have in common is inflation… Inflation is another word for the destruction of the value of the U.S. dollar.”

Aug 22 06:58


We have been highlighting the wave of billionaires who are all getting out of the stock market this summer and buying gold. Well, now it’s a trillionaire.

Of course, he’s not “officially” on top in the “most wealthy” lists… but that is because the Rothschilds have been experts in hiding their wealth for centuries.

When Jacob’s great-great-great-great grandfather, Mayer Amschel Rothschild, died in 1812, his will explicitly stated that no public inventory of his estate was to be published and that no legal action was to be taken with regard to the value of the inheritance. It’s also been suggested that the Rothschilds use private, unrecorded, limited partnerships to accumulate wealth (you know, like all the ones in the Panama Papers).

Aug 21 22:55

Athens presses German reparations bid

Alternate Foreign Minister Nikos Xydakis emphasized over the weekend that Athens will push its demands for wartime reparations from Germany, despite the insistence by Berlin that the matter has been resolved, noting that the issue is primarily a moral one for the Greek government.

Aug 21 16:27

One in Five Manufacturers in NY Cutting Jobs Due to Obamacare

One in five manufacturers in New York said they were reducing the number of their employees due to Obamacare, according to a survey from the Federal Reserve Bank of New York.

Aug 21 16:06

Why Target Shares Have 20% Downside From Here

Aug 21 11:18


Billionaire Crispin Odey recently released a management letter to his hedge fund clients praising gold and explaining gold products constituted the next, great investment wave.

Aug 21 11:12

We’ve Entered the Twilight Zone in Oil

Aug 21 11:08

Nugan Hand & The Australian Coup

In 1980, half way around the world near Sydney, local Australian citizens reported a parked car on a lonely dirt road to police. The cops found Frank Nugan in the driver’s seat, his body slumped over the steering wheel with a 12-gauge shotgun propping up what was left of his bloody forehead. In his shirt pocket they found two business cards. The one belonging to CIA Director Bill Colby sported an itinerary for a coming meeting in Sydney.

Aug 21 10:31

China’s Pivot to World Markets, Washington’s Pivot to World Wars…

China and the United States are moving in polar opposite directions: Beijing is rapidly becoming the center of overseas investments in high tech industries, including robotics, nuclear energy and advanced machinery with collaboration from centers of technological excellence, like Germany.

In contrast, Washington is pursuing a predatory military pivot to the least productive regions with collaboration from its most barbaric allies, like Saudi Arabia.

Aug 21 09:27

Deep Depression In Italy Gave Germany An Absolute Advantage

Economist Heiner Flassbeck says there’s no debt crisis in Europe, it is Germany’s absolute competitive advantages that drove deflation throughout Europe.

Aug 21 08:47

Central Bank Intervention Against the Dollar

Aug 21 08:24

Seeds of democratic revolution in Ethiopia?

Graham Peebles senses in the unrest sweeping across Ethiopia the beginning of the end of the ruling party’s dictatorship, and calls on the Western donor countries propping up the regime to do the right thing and side with the oppressed people.

Aug 20 12:15

DoJ Deals Massive Blow to Debtors’ Prisons, Poor People Can’t be Held When They Can’t Afford Bail

By Justin Gardner

Last Thursday, the U.S. Department of Justice (DoJ) made the shocking statement that it will no longer use private prisons to incarcerate federal prisoners, saying they are less safe and less effective than government-run facilities.

This was welcome news for those who realize that for-profit prisons contribute to the problem of mass incarceration, but the feds still need to address the glaring issue of jailing people for victimless crimes such as drug use.

The effects on the prison-industrial complex were immediate, as stock values crashed for the Corrections Corporation of America and the GEO Group. Now, another DoJ ruling has the for-profit prison system reeling...

Aug 20 10:54

More than half of Clinton Foundation’s major donors would be barred under new rule

More than half of the Clinton Foundation’s major donors would be prevented from contributing to the charity under the self-imposed ban on corporate and foreign donors the foundation said this week it would adopt if Hillary Clinton won the White House, according to a new Washington Post analysis of foundation donations.

The findings underscore the extent to which the Clintons’ sprawling global charity has come to rely on financial support from industries and overseas interests, a point that has drawn criticism from Republicans and some liberals who have said the donations represent conflicts of interest for a potential president.

Webmaster's Commentary: 

Forgive me, but didn't Clinton vow to do this upon becoming the US's Secretary of State, if I recall correctly?!?

The major corporations love war, and Hillary will deliver them war.

And the country of Saudi Arabia wants military equipment, but still jails, chemically castrates, and executes its LGBTQ citizens, while allowing the barbaric practice of female genital mutilation.

Nice company she keeps, through this foundation, doesn't she?!?

Aug 20 10:03

China and the US Are Approaching Dangerous Seas

A combination of recent events, underpinned by long-running historical strains reaching back more than 60 years, has turned the western Pacific into one of the most hazardous spots on the globe. The tension between China and the United States “is one of the most striking and dangerous themes in international politics,” says The Financial Times’ longtime commentator and China hand, Gideon Rachman.

In just the past five months, warships from both countries – including Washington’s closest ally in the region, Japan – have done everything but ram one another. And, as Beijing continues to build bases on scattered islands in the South China Sea, the United States is deploying long-range nuclear capable strategic bombers in Australia and Guam.

Webmaster's Commentary: 

As an American, I love my country very dearly; that having been said, I feel, as a Christian pacifist activist, that I have a moral responsibility to publicly witness to the truth, when I see this country going off the rails, as it is right now, both economically and geopolitically.

So I have a statement for both the Chinese Leadership, and the Chinese people; thinking Americans absolutely do not want war with your country.

There was a social philosopher who lived a long time ago, by the name of Karl Marx, who made the observation: "All wars are economic".

The US economy, having been horrifically mismanaged by the Federal Reserve and the US government, for so many decades, is close to entering a tailspin moment.

And what I mean by that is, although the government and corporate media keep attempting to reassure the American people that everything is just fine, thinking Americans know it is not.

American jobs continue to be outsourced/offshored at breathtaking speed, absolutely destroying what was left of the middle class in this country. Poverty, and very alarmingly, childhood poverty, particularly in our southern states, has reached breath-taking proportions.

3 million more children live in poverty, under the Obama administration

Over 90 million Americans who want to work cannot find jobs, but are not included in the US Bureau of Labor Statistics in the unemployment rate, to make employment look far better than it is.

What We Know About the 92 Million Americans Who Aren’t in the Labor Force

There is some truly insane thinking in Washington which supports the idea that the only thing that can save the US economy is another World War, as insanely psychotic as that may sound. After all, the depressions before World War 1 and World War II got "mended" during and after the process of those wars, in which the US and its allies were victorious.

I understand that China has a clear, historic, and legal, claim to the South China Sea.

But in looking at the demonization against China, particularly after the judgement at the ICC, which did not rule in China's favor, I can hear the war drums, beating very loudly against both China and Russia.

The US government is looking for some excuse - any, really - to label both countries as the "bad guy", and ultimately declare war against them, to attempt to misdirect legitimate US citizens' anger against it, for conditions which the Federal Reserve and the US government have created, and through which the 1% have benefited.

These potential wars against China and Russia will be about hurting their currencies and economies, and preserving the hegemony of the US petrodollar.

The horrific human cost to such potential wars is not at all in the calculus of the US government's deliberations. After all, it is most generally not the sons and daughters of the US "elite" who wind up fighting, dying, and getting maimed for life in these wars; it's most generally other people's kids.

But both countries have the opportunity to walk away from the edge of this precipice.

That is at the G-20 Summit, to be held during September 4th and 5th in Hangzou, China.

Both President Obama and China's President, Xi Jinping, will be attending.

Therefore, I strongly urge that the Presidents of both of our countries meet, and discuss ways to diffuse the tensions around this issue; the costs of not doing this may well be both horrific, and irreversible.

Aug 20 08:49


The endlessly increasing vaccine push on the public, at the behest of pharmaceutical companies, can be looked at as nothing more than a psychological operation (PSYOP). From the European Regional Office of the World Health Organization (WHO) comes the 2016 "Best Practice Guidance 1st Edition: How to Respond to Vocal Vaccine Deniers in Public". From this guide parents and communities will understand how to see through the simplistic messaging maneuvers and counter the ongoing public PSYOP. The WHO's guiding document opens on page one with the following statement:

"This guidance document provides basic broad principles for a spokesperson of any health authority on how to respond to vocal vaccine deniers.The suggestions are based on psychological research on persuasion, on research in public health, communication studies and on WHO risk
communication guidelines."

Webmaster's Commentary: 

I am no science denier, or anti-vaxxer; having said that, however, I have found some very effective ways of enhancing my wellness which do not involve conventional medical treatment.

Trust me; I would never be a Christian Scientist with appendicitis; but understanding something about nutrition and wellness has kept me in reasonably good shape, at 67, which is a real gift at this age.

I would encourage all of our readers to do the due dilligence, and educate themselves about the power of nutrition to augment health.

When I have friends locally who have just had a really lousy health diagnosis, I encourage them to have a nutritional consult at a medical center under 7th-Day Adventist management.

As ovolacto-vegetarians, these people have health statistics that are, generally, off the chart, in terms of great health outcomes. They have learned to use food as a weapon against disease, and they have my complete and utter respect for having done so.

Aug 20 08:40

Utilities Continue To Follow The Road Map

Aug 20 08:40


The escalating anti-Russian rhetoric in the U.S. presidential campaign comes in the midst of a major push by military contractors to position Moscow as a potent enemy that must be countered with a drastic increase in military spending by NATO countries.

Weapon makers have told investors that they are relying on tensions with Russia to fuel new business in the wake of Russian’s annexation of Crimea and modest increases in its military budget.

In particular, the arms industry — both directly and through its arsenal of hired-gun, think-tank experts and lobbyists – is actively pressuring NATO member nations to hike defense spending in line with the NATO goal for member states to spend at least 2 percent of gross domestic product on defense.

Webmaster's Commentary: 

1. Russia did not annex Crimea; after the putsch in Kiev in 2014, which threw Yanukovich, the duly elected President, under the proverbial bus, and anointed Poroshenko as Ukraine's President, Crimean authorities understood that there was no legitimate government in Kiev. They therefore held a free and fair referendum, to decide if they wanted to stay with Ukraine, post putsch, or petition the Russian Federation to join. In an overwhelming vote, Crimeans decided to to petition the Russian Federation to join. The Russian Federation accepted this request. Russia did absolutely nothing wrong here.
2. It is very alarming, but perfectly predictable to me, that weapons manufacturers and banks can smell money in the bloodshed which is almost surely to come from any kind of US/Russian military conflict regarding Ukraine, as the demonisation of Russia, which you see in all the presstitute/whorespondent outlets, continues to escalate.

Aug 20 08:06

The Federal Reserve Just Made a Facebook Page … And It’s Getting Destroyed by Trolls

By Carey Wedler

The Federal Reserve bank is well known for its secrecy. But in an attempt to reach out to the people it claims to serve, the monolithic bank just created a Facebook page . . . and it’s probably really regretting that decision.

Unlike Twitter, where the Fed decides which comments to reply to — and, therefore, which show up publicly on its page — its public Facebook page, launched Thursday morning, is not as restrictive. In fact, the Board of Governors of the Federal Reserve System page has been relentlessly trolled since it went up...

Aug 19 15:29

Rothschild Warns “Biggest Financial Experiment in History” About to Unleash Consequences Unknown

Central bankers have never had more power; monetary policy has never been stranger. Stock markets are at record highs, but the real economy is stagnate and suffering. The individuals in it are finding it difficult to makes ends meet, and are drowning in debt.

Aug 19 15:25

$135,000 Gold-Backed Scholarship Fund Launched to Help Students Cope with Federal Reserve Induced Tuition Inflation

By Jp Cortez

A major national precious metals dealer announced today the creation of the first gold-backed scholarship fund to support outstanding students who understand that gold is money and can articulate the failures of the inflation-creating Federal Reserve System.

Money Metals Exchange, a national precious metals dealer recently ranked “Best in the USA,” teamed up with the Sound Money Defense League, setting aside 100 oz of physical gold, currently worth $135,000, to help outstanding students pay for ever-rising education costs...

Aug 19 13:12

Tory Austerity Caused 30% Rise In Homelessness, Parliamentary Committee Finds

Government austerity measures have increased homelessness in the UK by as much as 30 percent, according to a parliamentary committee.

Aug 19 13:09

Chart Of The Day: 2% Inflation And Then Some

Aug 19 12:10

Why Rothschild is Shifting From US Dollars to Gold, 'Other Currencies'

Rothschild has called attention to the fact that despite the policy having resulted in the rapid rise of stock markets, this growth cannot last forever as the real sector remains anemic with weak demand and deflation in many developed countries.

Meanwhile, the geopolitical situation is not getting easier: China's economic growth has slowed down, the election atmosphere in the US remains fraught and the conflict in the Middle East continues to rage on. Germany, France and the US have been subjected to terrorist attacks. To complicate matters even further the UK voted to leave the EU.

"In times like these, preservation of capital in real terms continues to be as important an objective as any in the management of your Company's assets," Lord Rothschild emphasizes.

Webmaster's Commentary: 

Translation: a crash is coming; it is only a question of when.

Aug 19 12:07

Apple Orders Plunge 30% On Low Demand

Aug 19 12:00

Two More Banks Start Charging Select Clients For Holding Cash

Last weekend, when we reported that Germany's Raiffeisenbank Gmund am Tegernsee - a community bank in southern Germany - said it would start charging retail clients a fee of 0.4% on deposits of more than €100,000 we said that "now that a German banks has finally breached the retail depositor NIRP barrier, expect many more banks to follow."

Not even a week later, not one but two large banks have done just that.

Overnight, the Irish Times reported that Bank of Ireland is set to become the first domestic financial institution to pass on the ECB's negative rates to customers for placing their money on deposit with the bank. The newspaper has learned that Bank of Ireland, which is 14% owned by the State, has informed its large corporate and institutional customers that it plans to charge them a negative rate of -0.1% for deposits of €10 million or more starting in October.

Webmaster's Commentary: 

IF individuals are still allowed to have cash, in the near future, they will have to put it in some other place than banks, and perhaps, if they can, will be putting it into silver and gold.

That is why we are looking at banks' call for a cashless society.

Aug 19 10:26

Vancouver Housing Market Implodes: Average Home Price Plunges 20% In 1 Month - "The Market Is Devastated"

The City of Vancouver currently has an average home price of $1.1 million, down 20.7% over the last 28 days and down 24.5% over the last three months. The average detached home is $2.6 million, down 7% compared to three months ago. There were only three home sales in West Vancouver between Aug. 1 and 14 this year, compared to 52 during the same period last year. That’s a decrease of 94%.

Aug 19 10:25

Apple Demanding Cost Cuts From Suppliers After 30% Plunge In Orders: Digitimes

Apple stock is sliding very modestly for now as Digitimes reports Tim Cook has asked downstream part and component suppliers in Taiwan to reduce quotes for iPhone 7 devices by as much as 20%...even though order volumes for new phones are reportedly 30% lower than those placed a year earlier.

Aug 19 10:00

27 Years Of Economic Pain For Most Americans…

Aug 19 09:53

Don’t Let Propaganda For The ‘Looming Cashless Society’ Deceive You

Since its invention in Babylon around 4,000 years ago, money has changed from gold coins, to coins of lesser value; to paper notes/cheques, plastic cards, and finally, silicon chips. Within the next few decades, it is looking more and more likely that there will be no more hard cash (coins/notes) left. By this point, the notion of using physical money will be for many people a distant memory tinged with disbelief. “How did we ever manage something so clumsy and backward?” many will say.

Aug 19 09:26

Texas State Gold Depository Another Step Closer To Reality

By Mike Maharrey

The creation of a state gold depository in Texas represents a power shift away from the federal government to the state, and it provides a blueprint that could ultimately end the Fed. The depository inched closer to reality last month when Texas officials formally called for businesses to submit their plans for building the facility...

Aug 19 08:00

TGIF – Stop the Rally, We Want to Cash Out!

Aug 19 07:29

Maersk to lay off 400 employees

Danish trade, shipping and energy conglomerate AP Møller-Maersk Group has announced plans to lay off about 400 employees as part of the company’s austerity measures.

“We are facing an unprecedented market situation and we will unfortunately have to adjust our volume of employees,” stated Jørn Madsen, the head of Maersk Supply Service.

Aug 19 07:28

Leaving EU, Restoring Trade Ties With Russia to Be Priority for Netherlands

The Netherlands will be able to improve relations with Russia only after leaving the European Union, which will have an overall positive impact on the country’s future, founder and leader of the Dutch Party for Freedom Geert Wilders said.

Webmaster's Commentary: 

The EU is unraveling.

Aug 19 07:03

Seriously? A billionaire needs to cut staff?

Aug 18 18:53

Have you learned the $1 million per US household benefits from monetary reform and public banking yet? 2 interviews to help: Catherine Austin Fitts and Ellen Brown. And yes, this will only happen with recognition of CRIMINAL LOOTING requiring arrests

*hyperlinks/videos live at source*

“We know that the entire governmental infrastructure financially has been run as a criminal enterprise for some time... The government is being run outside of the laws related to money. That requires a double standard and parallel universe between what you say you’re doing and what you’re doing.… The citizens have got to make up their mind: are they going to tolerate this level or corruption or not? It’s ours to decide.” ~ Catherine Austin Fitts in the interview


Aug 18 14:52

AUGUST 2016, a FINAL Stock Market Top?

Aug 18 14:42

Join The Lazy Man’s Party!

When the U.S. began to overtax the rich to appease the masses and fund everything the federal government provides, no thought was given to where this was headed. -- Then when the nation’s central bank, the Federal Reserve Bank, divvied out near-free money to the financial classes in the 2008 financial/credit/home loan crisis to cover the losses of lenders but not home mortgage holders, little did anyone realize how this would not only crush the middle class but create super-wealthy oligarchs that now demand government do their bidding by virtue of the fact how much government relies upon them.

Aug 18 14:04

European Banking Crisis

Aug 18 13:54

Major UK Banks Reduce Growth Forecast In 2017 Post-Brexit

Major banks in the city of London reduce their forecast for growth in the UK in 2017, with many warning of recession.

Barclays Capital predicts that UK GDP will shrink by 0.5 percent in 2017. In June, before the referendum took place, it had forecasted growth of 1.9 per cent.

Aug 18 13:49

Economy going down with the ship?

T he Dry Bulk Shipping Index (BDI), is at five-year lows. That tells me the entire dry bulk shipping fleet is in the toilet. -- And one more thing: more ships are being scrapped than were scrapped in the darkest days of the Great Recession. What’s more, the average age of a recycled ship was 30 years. Today, that average is down to 15 years. -- No one is replacing the scrapped vessels with new ships, either. They’re scrapping old ships to get operating capital because there’s no real shipping business. Some tankers are regularly carrying more water ballast than cargo.

Aug 18 13:36

The Real Existential Threats of 2016

For, as John Adams reminded us, “There never was a democracy yet that did not commit suicide.”

Aug 18 13:17

Hypocrite Hillary Used the Word ‘Assassination’ in 2008 Anti-Obama Campaign

For, as John Adams reminded us, “There never was a democracy yet that did not commit suicide.”

Aug 18 12:53

Don’t Let Propaganda For The ‘Looming Cashless Society’ Deceive You

Since its invention in Babylon around 4,000 years ago, money has changed from gold coins, to coins of lesser value; to paper notes/cheques, plastic cards, and finally, silicon chips. Within the next few decades, it is looking more and more likely that there will be no more hard cash (coins/notes) left. By this point, the notion of using physical money will be for many people a distant memory tinged with disbelief. “How did we ever manage something so clumsy and backward?” many will say.

Aug 18 12:21

Turkish FM: NATO's Inaction Forces Ankara to Develop Military Ties With Russia

It’s a pity that peaceful civilians keep dying in Syria. Unfortunately, the earlier agreed ceasefire is being violated. We need to wage an all-out war against terrorist organizations in Syria. If we don’t flush them out, the wave or terrorism will keep spreading across the world, like an epidemic, threatening Turkey, Russia, Europe, the whole world.

A meeting of Russian and Turkish military officials in Ankara on Thursday was an important step toward prevention of airspace accidents, Turkish Deputy Foreign Minister Ali Kemal Aydin said.
Turkey-Russia Committee on Syria to Hold 1st Meeting - Erdogan's Spokesman
That’s why we need to act together also on this track. We believe that the Syrian problem can be resolved if all countries come together in good faith. As we have said once and again, even during this period of crisis between us, without Russia there will be no lasting settlement in Syria. We keep insisting on this now.

Webmaster's Commentary: 

When President Obama's foreign policy goes wrong, it goes spectacularly wrong, as evidenced by Turkey's post-coup warming of relations with Russia, including issues of trade, and coming military cooperation.

That DC could, collectively think Erdogan wouldn't blame the US for the aborted coup was simply...magical thinking.

Aug 18 12:10

Following "Deadliest Month" In A Year, Ukraine President Warns Of "Full-Scale Russian Invasion"

The last month has seen Russia pull out of peace talks (citing attacks in Crimea and detention of key individuals) and an increasing mobilization of Ukraine troops near the Russian border, and now, after the deadliest month since last August, Ukraine president Poroshenko has warned he isn't ruling out a full-scale Russian invasion and may institute a military draft if the situation with its neighbor worsens.

Webmaster's Commentary: 

Right after being "installed and anointed" as Ukraine's President, Poroshenko has been crying wolf about a potential "Russian invasion" over the last two years, and yet ... no such invasion has come about.

My guess is that Russia's response to the attempted sabotage in Crimea by Ukrainian agents provocateurs will be asymmetric, and most probably economic in nature.

The Ukrainian economy is hanging by a thread right now, and could be pushed over the edge by some very clever maneuvering on Putin's part; that will get the Ukrainian people so outraged, that Poroshenko has failed them so badly economically, that they will throw the current bums out of office - possibly, quite literally.

Aug 18 12:06

Faith Money and the Coming Collapse (FULL)

Aug 18 12:06

BOJ cornered as Japanese banks seen running out of bonds to sell

The nation’s biggest banks are running out of room to sell their government bond holdings, pushing the central bank closer to the limits of its record monetary easing.

Japan Post Bank Co. and the nation’s three so-called mega-banks have almost halved their sovereign bond holdings to ¥114 trillion since March 2013, the month before the Bank of Japan began buying the securities on an unprecedented scale to end deflation. Government notes held by Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. are approaching the level where further reductions would involve securities they need as collateral.

Aug 18 11:59

US Corporate Debt Has Doubled To $6 Trillion Since The Crisis: This Is Who Bought It

Yesterday, in the FOMC notes, the Federal Reserve made a stark admission: “several expressed concern that an extended period of low interest rates risked intensifying incentives for investors to reach for yield and could lead to the misallocation of capital and mispricing of risk, with possible adverse consequences for financial stability.” To this, Bank of America chief credit strategist Hans Mikkelsen had an amusing retort:

"We agree. However, because we are still in the reach for yield phase we remain bullish on HG corporate bond spreads."
In other words, it's a bubble and everyone - even the Fed - knows it, just as a recent survey also by BofA revealed, but keep on buying because, well, TINA.

But who is buying, and how much?

Webmaster's Commentary: 

It is not a question of if the next economic crash is coming, but when; and that, unfortunately, could be a lot sooner than many people realize.

Aug 18 11:32

Central Banks Now Selling US Debt at Record Pace

In the first six months of 2016, foreign central banks sold a net $192 billion of U.S. Treasury bills, notes, and bonds. This is more than double the pace from the same time last year. China, Japan, and Brazil were the leaders in selling U.S. debt.

With the U.S. debt running at approximately $19.4 trillion, this could be problematic. A large selloff of U.S. bonds would decrease their price, or in other worlds, increase domestic interest rates in general (bond prices and interest rates always move in the opposite direction).

With the debt roughly the size of the U.S. economy, interest spending on the debt is forecasted to be the fastest growing area of federal spending in the coming years, eclipsing Medicare and Social Security. In 2015, the U.S. spent $223 billion, or 6 percent of the federal budget, despite historically low interest rates.

Webmaster's Commentary: 

Oops there.......

Aug 18 11:16

Justice Dept Announces it Will End Use of For-Profit Prisons … Prison Stocks Plummet

By Claire Bernish

In a stunning turn of events, the U.S. Department of Justice announced Thursday it will no longer use private prisons to incarcerate federal prisoners, deeming the notorious for-profit facilities both less safe and less effective in providing correctional services than those operated by the government...