ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jul 11 14:04

Hungry Venezuelans Feed on Stray Dogs and Cats: “Pets May End Up in Cooking Pots”

There has been a sharp increase in stray animals on roadsides and city areas, and along with them, people desperate enough to turn to these once-beloved companions as a source of food.

Household pets are the latest casualty in a country where food and other essential goods are becoming ever scarce, inflation is rampant, looting is escalating and electric blackouts occur regularly.

Read more at SHTF

Jul 11 12:15

House Votes to Block Civilian Aircraft Sales to Iran, Threatening Boeing Deal

In a move that threatens to cost major US airplane manufacturer Boeing $25 billion, the House of Representatives has tacked an amendment on to their latest spending bill which would ban all civilian aircraft sales to Iran under any circumstances.

Webmaster's Commentary: 

So Congress will kneecap Boeing to please their masters in Tel Aviv?

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Jul 11 10:57

WAR ON THE STREETS OF AMERICA: PROTESTERS ATTACK POLICE OFFICERS IN MAJOR CITIES ALL OVER THE NATION

This is what a nation looks like when it starts melting down from within. A series of very disturbing incidents of police brutality against young black males has caused a firestorm to erupt all across the country. You would have thought that the massacre of police in Dallas would have caused everyone to step back and reflect on what is really causing this cycle of violence, but instead the nationwide protests have gotten even bigger and more intense. Over the weekend, protesters attacked police with rocks, bricks, bottles, fireworks, chunks of concrete, Molotov cocktails and rebar from a construction site. In return, police fired pepper spray, smoke bombs and tear gas at protesters. As I write this, more than 200 protesters have been arrested over the weekend so far, and authorities are bracing for what the coming night will bring.

Webmaster's Commentary: 

These riots are being deliberately fanned, and the outrage (which is absolutely legitimate) being exploited.

And the question one must ask, in a very sang foid way, is, "Cue bono"?!? Who benefits?!?

And who benefits from these riots is the the sitting administration.

President Obama can, if things get very much worse, suspend the Constitution and Bill of Rights, imposing martial law on this country.

That will certainly flatter his dictatorial bent, and let him do pretty much whatever he wants, without so much as a by-your-leave from Congress.

He can then take full advantage of the NDAA, and have Americans arrested on any trumped up charge, and held indefinitely, without due process, which has already been vetted through the Guantanamo catastrophe of indefinite detention of prisoners of war without due process.

Oh, and - if internal White House polls indicate that Trump will absolutely win the next election in November - President Obama could "suspend" the election until a more "calm period" arises (i.e., when polling shows that Clinton could win/steal the election more easily,leaving Obama to stay in the White House as the unelected President for a year or two.)

I would not put this past President Obama; considering all the lies which have emanated with a straight face from him and his minions. And there is reasonable proof that Black Lives Matter is hell-bent on creating more riots later this year. As reported at allnewspipeline.com on 8 July 2016:
Imagine this very real possibility for America in less than 5 months from now. Due to massive civil unrest at both the Democratic and Republican Conventions and 'planned chaos' throughout the nation, Barack Obama has declared a state of emergency and the 2016 general election has been 'postponed'. Due to the massive unrest that breaks out all across the country, Barack Obama will stay in office for another 2 years until law and order can be restored and another presidential election scheduled and (s)election held. By that point in time, the globalists have maneuvered two of their own candidates into position. Martial law is declared nationwide. Who 'wins' in such a situation? Only days ago, the Twitter account of one of the leaders of Black Lives Matter, Deray McKesson, was hacked according to this story from the Baltimore Sun. The account was then used by the hacker(s) to send out pro-Donald Trump tweets while belittling 'Black Lives Matter'. Interestingly enough, a series of direct message conversations between McKesson and another leader of Black Lives Matter, Johnetta Elzie, has just been made public and the conversation that took place between McKesson and Elzie as seen in the screenshots below should be sending up another huge red flag to America: BLM is working with those inside the Obama administration to stop the November election. Why else would McKesson and Elzie be talking about the declaration of martial law in America prior to the election being a 'win' for Black Lives Matter? Why would McKesson be talking with Obama attorney general Loretta Lynch about martial law in America and what BLM needs to do to make sure the election is stopped and Trump kept out of office? Not to mention they're being told to push the 'Trump is racist' line. Since when is wanting a country WITH borders 'racist'? These DM tweets tell us the way that BLM and the current administration in DC are headed and it's not good at all for Americans. Much more below including several new video reports on what might be a very difficult summer in 2016 America.

Jul 11 09:22

British Finance Minister To Meet Wall Street Investors Amid Brexit

The British finance minister is set to meet with Wall Street’s biggest investors in New York on Monday in an attempt to urge them to stay with the country amid an exit from the European Union.

Jul 11 09:06

Deutsche Bank's Chief Economist Calls For €150 Billion Bailout Of European Banks

The cards have been tipped, and it appears Italy's Prime Minister may have been right.

In the aftermath of Brexit, much of the investing public's attention has turned to Italian banks which are in desperate need of a bailout as a result of €360 billion in bad loans growing worse by the day (and not a bail-in, as European regulations mandate, as that would lead to an immediate bank run) to avoid a freeze and/or collapse of Italy's banking sector. This has pushed stock prices - and default risk - on Italian banks to record levels. So far Italy's bailout requests have mostly fallen on deaf ears, as Germany's political leaders have resisted Renzi's recurring pleas for a taxpayer funded rescue. However, as we have alleged, and as the Italian Prime Minister admitted last week, the core risk for Europe is not just the Italian banking sector but the biggest bank of all in Europe: Deutsche Bank.

Webmaster's Commentary: 

Jul 11 09:01

They Know It’s Coming: Insurance Company Risk Experts Have Started Hoarding Physical Gold and Cash Ahead Of Crisis

How do you know when the world’s economic, financial and monetary systems are in trouble?

Answer: When re-insurance companies, whose sole purpose is to insure other insurance companies, start to panic into gold and begin hoarding cash it’s probably a reliable signal that things aren’t going as well as our central bankers’ best laid plans imply.

That’s exactly what’s happening right now:

Jul 11 08:12

44 & MORE WAYS AMERICANS ARE HELD IN BONDAGE

Freedom is bantered as the goal achieved by casting off the British yoke and tying on the new Federal Government yoke. And, for a brief period there was a bit of independence. For a short time governments of all recognized authority were diminished in size, funded in very limited and controllable ways and it was the people who were sovereign, possessing ALL rights not specifically Delegated to the State.

People could travel by any means without restriction, permission or licensure. People could own property free of rental fees charged by county and local governments now called property taxes. Property was available with Allodial Titles, free and clear ownership with rights to dispose the property as desired. The notable exception to the full ownership was the Constitutional possibility of eminent domain.

For a period people were free from taxes earned on monies acquired through effort or invention; free from inheritance taxes used to steal family fortunes.

Jul 11 07:09

Hillary Emails, Gold Dinars and Arab Springs

Buried amid tens of thousands of pages of former US Secretary of State Hillary Clinton’s secret emails, now being made public by the US Government, is a devastating email exchange between Clinton and her confidential adviser, Sid Blumenthal. It’s about Qaddafi and the US-coordinated intervention in 2011 to topple the Libyan ruler. It’s about gold and a potentially existential threat to the future of the US dollar as world reserve currency. It’s about Qaddafi’s plans then for the gold-based Dinar for Africa and the Arab oil world.

Jul 11 02:14

Big read: Tax dodging is hurting the poor and destroying capitalism

Think tax is boring? It is the front line of the battle for the future of New Zealand, says political economist Brian Roper. He talks to Bruce Munro about research revealing the war he says big business is waging against ordinary Kiwis.

Robert Muldoon telephoned David Lange when it was clear he had lost the general election.

''Congratulations, Mr Lange. I've got some bad news for you tomorrow'', the defeated prime minister said, hanging up before Mr Lange could reply.

It was the evening of Saturday, July 14, 1984. New Zealand was standing on the edge of a precipice.

The economic boom years of the 1950s and 1960s were long gone.

A tightly regulated economy was failing to thrive.

Militant trade unionists were at loggerheads with intractable employers.

A wage and price freeze had been in place for two years in an attempt to tackle high rates of inflation and unemployment.

The country was on the verge of defaulting on its overseas debts.

Jul 10 18:01

Now SOUTH KOREA wants British free trade deal as UK ministers struggle to cope with demand

SOUTH KOREA has joined the race to tie-up a major free trade deal with the UK in the wake of its exit from the European Union.

Jul 10 13:46

Was The 52-Week High Worth The Wait?

Jul 10 13:15

Must Listen: It's Over: Bill Holter

Jul 10 13:14

Financial System Scam/Hoax

Jul 10 09:53

NATO HAS A VERY PECULIAR WAY OF SHOWING IT DOESN'T WANT NEW COLD WAR

On the first day of this weekend's NATO summit in Warsaw, Poland, NATO chief Jens Stoltenberg assured the public, "We don't want a new Cold War. The Cold War is history and should remain history."

Yet Stoltenberg seemed to simultaneously defy that claim when he also announced that NATO's "response force" is now three times larger than it was during the Cold War—further stoking fears that NATO's recent saber-rattling may herald a new major war with Russia.

In addition to a recent enormous NATO war game that simulated a war with Russia, the increased troop levels and military presence on Europe's eastern borders "reflects a new and dangerous strategic outlook in Washington," wrote Michael T. Klare in The Nation.

Klare explains the drastic strategic shift signaled by Obama's comments:

Webmaster's Commentary: 

We have been getting groomed for this for some time, by Russia bashing in the media, and in the news.

I was noticing, in one of the episodes of the TV drama, "Elementary", which features a very updated Holmes and Watson, the Homes character (Johnny Lee Miller) accused a character of being a "sleeper" Russian agent, and in his grand "J'accuse", calls him "Comrade".

I asked Mike what the original air date was, and he checked for me, and found out that this was first broadcast in 2014.

Look for more of an uptick in Russia/China bashing, in film, television, and what the presstitutes have to say between now, and whenever the actual shooting starts.

Please remember: this has nothing to do with "a battle of national ideals", and EVERYTHING to do with US dollar hegemony against a rapidly rising gold-backed yuan, and a very stabilized ruble.

Jul 10 09:35

'Government's excuses are pathetic' Pensions fury of women as retirement age raised

WOMEN who were given just 30 months notice to find out that their retirement age had increased by up to six years have branded the Government’s continued excuses as “pathetic”.

Many women born in the 1950s are as much as £40,000 out of pocket after the female state pension age was increased from 60 to 65 in 1995.

The process was sped up five years ago.

Now women will retire at 67 by the year 2020.

Jul 10 07:33

“Early Warning” Indicator for Crude Oil

Jul 10 07:13

Watch this chart closely

Jul 09 17:57

S&P puts Australia on credit watch

Jul 09 11:11

The Baby Boomer Nightmare Retirement

Jul 09 09:39

REVEALED: 'Crippling' bank overdraft charges can cost more than payday lenders

Borrowing £100 through an unplanned bank overdraft for a month could cost £90 – more than four times the maximum allowed for a payday loan.

In some circumstances high street banks are charging 12.5 times more than payday lenders. The amount owed by the nation through overdrafts rose by £426million in May to £6.8billion, providing a pot of gold to the big banks from interest and charges.

Jul 09 09:21

Greenspan, Gold, and the Banality of Evil

Jul 09 09:01

The Coming Collapse Of The Third World

Jul 09 08:43

Bond Bubble To Burst

Jul 09 08:29

The Personal Income tax proves that you are a serf.

The tax is owed, because the king says it is owed. The subjects must pay the king because the king has the guns. It is the height of absurdity to think the king will forego his tribute because of magic words.

Jul 09 08:18

How George Soros Singlehandedly Created The European Refugee Crisis - And Why

George Soros is trading again.

The 85-year-old political activist and philanthropist hit the headlines post-Brexit saying the event had “unleashed” a financial-market crisis.

Well, the crisis hasn’t hit Soros just yet.

He was once again on the right side of the trade, taking a short position in troubled Deutsche Bank and betting against the S&P via a 2.1-million-share put option on the SPDR S&P 500 ETF.

More interestingly, Soros recently took out a $264 million position in Barrick Gold, whose share price has jumped over 14% since Brexit. Along with this trade, Soros has sold his positions in many of his traditional holdings.

Jul 08 19:01

Euro-PIIGS Are Squealing Again

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Jul 08 13:53

MORE BLS BULLSHIT

Jul 08 12:45

94,517,000 Americans Not in Labor Force

Jul 08 12:05

NATO Heads Of State Summit Under The Dictate Of The US

“The gathering of NATO Heads of State and Governments in The Warsaw Summit rather will be not in sake of the EU. The NATO’s summit will as usual adopt a series of decisions, a package of US dictations sent earlier to NATO member states. For example, the US President Barack Obama demanded Germany to deploy military forces on the Russian border of Litauen.

From my opinion strengthening the military presence at the Russian borders will have a negative effect on the relation between the European countries and Russia. Which is in the interest of the Transatlantic Pact and of the US, who themselves increased sales with Russia while their so-called partners, the vassal states of the EU, have lost by deploying the sanctions against Russia. “Divide et impera!” at work. When will the European Community stand up against this constant aggression of the US-led NATO and vote for peace and cooperation with Russia?“

Webmaster's Commentary: 

This NATO conference in Warsaw is about anything BUT peace, prosperity, and international cooperation among all countries; it is to further jeapordise the already-tense relationship between Europe, Eastern Europe, and Russia.

And that statement: "Strengthening and modernizing NATO’s defense and deterrence posture will be the focus of the 2016 Summit, according to a recent NATO statement. At its 2014 Summit in Wales, NATO agreed to a number of short-term measures to bolster the alliance’s conventional deterrent. Dubbed the Readiness Action Plan, these measures sought to expedite the arrival of NATO reinforcements to states under attack from Russia."

WHAT bloody evidence does anyone in NATO have, please, that Russia is going to attack ANYBODY?!??

President Obama, can possibly, please, enlighten my brother and sister Americans on this, with actual facts?!?

And to every citizen of every NATO member country, please ask this question, politely, but loudly, to all of your politicians; since it will be your sons and daughters on the front line of such a war, you deserve to know WHY NATO believes that Russia is going to attack anyone.

Whoever is thinking in these terms has obviously lost their reality licence; and when a whole group of politicians indulge in completely preposterous and insane "group think", really, really bad decisions can get made to escalate the drumbeat for war, this time against Russia.

NATO and the US are in no position to fight Russia; they don't have the weaponry; the troop strength; the manufacturing, or the money to insure a positive outcome to a conventional war against Russia.

So, a small memo to NATO: thinking, moral citizens of all member NATO countries do not want this war at all.

Pursuing such a war, at this time, when the world has so many other real problems to solve, is an absolute betrayal of citizens of your member countries.

Jul 08 10:53

Obama heads to NATO summit at 'inflection point'

President Barack Obama arrived in Poland Thursday for a high-stakes NATO summit, marking what's likely to be his final presidential trip to Europe as the continent faces a moment of historic uncertainty.

The United Kingdom's vote to exit the European Union, which Obama campaigned ardently against, has thrown the bloc into chaos. The undercurrents that pushed "Brexit" through, like opposition to immigration and trade deals, could wind up blemishing Obama's own legacy.

And Russian aggression also is a growing concern for the alliance, with Defense Secretary Ash Carter addressing the issue and the need for increased NATO deterrence when he spoke to reporters on his flight to Poland Thursday.

Webmaster's Commentary: 

WHAT "Russian aggression"?!?!?

The US created the putsch in Ukraine to oust Yanukovich, and install Poroshenko two years ago. Victoria Nuland boasted of this, as is documented below in the following video:

Victoria Nuland States US has spent $5 billion to "Subvert Ukraine"

Now folks, if that is not "aggressive", I sure as heck don't know what is.

When Poroshenko was installed, Crimea knew that there was zero legitimate government in Kiev.

Having historically been a part of Russia until the 50s, when Khrushchev, a native Ukrainian, annexed Crimea to Ukraine, the Crimean government held a referendum, asking the Crimean people if they wanted to become a part of the Russian Federation.

In what was judged a free and fair election, the Crimean people said yes, and Crimea asked Russia if they could join the Russian Federation, and Russia agreed.

Russia has done nothing wrong here; but DC is adamant about blaming them for having, allegedly, "annexed Crimea", which they did not do.

But when you are pushing for a war, as the US government is against Russia, facts don't matter; you just want to have a "justification" for that war which the US voters will mostly sign off on.

Jul 08 07:31

The Gold And Silver Shenanigans

Jul 08 07:19

The new British Foreign Policy

The Western Press keeps repeating the same message – by leaving the European Union, the British have isolated themselves from the rest of the world, and will have to deal with terrible economic consequences. And yet, the fall in the Pound could be an advantage within the Commonwealth, which is a far greater family than the Union, and present on all six continents. Famous for its pragmatism, the City could quickly become the international centre for the yuan and implant the Chinese currency in the very heart of the Union.

Jul 08 07:11

BLS: Employed Up 67,000 in June; Unemployed Up 347,000

BLS said 94,517,000 Americans were not in the labor force in June

Jul 08 06:13

A Precarious State

Jul 08 05:22

China: The Next Crisis - Kyle Bass

Jul 08 01:32

Banks Trying to Figure Out What Lies Ahead

Jul 07 19:55

Property bubbles and Banks – again.

Jul 07 18:49

Britain's booming... Manufacturing up as China eyes trade deal: Recovery in far better shape than first thought after industry clocks its fastest growth rate for six years

Britain’s economy has picked up pace despite doom-laden warnings over the prospect of Brexit.

Figures yesterday showed the recovery is in far better shape than feared with industry clocking up its fastest rate of growth for six years.

Industrial production rose by 1.9 per cent in the three months to May, according to the Office for National Statistics – the strongest performance since the three months to May 2010.

And in a sign that Britain can prosper outside the EU, an Indian business leader described a trade agreement with the UK as a deal ‘almost made in heaven’.

Jul 07 18:42

Replacement IT at 'high risk'. Squeaky bum time for UK tax folk

Risky plans by UK taxmen to overhaul their expensive £10bn IT systems with Capgemini – which underpins government's £500bn in annual revenue collection – have been flagged as high risk of failure.

In its annual report by the Infrastructure and Projects Authority, the body rated the £600m project as amber/red, meaning the programme is at high risk of failure.

Jul 07 18:05

Europe's Bank Crisis Arrives In Germany: €29 Billion Bremen Landesbank On The Verge Of Failure

It appears that some shipping loans gone bad could be the catalyst for Europe's banking crisis to finally breach the most impenetrable border of all, that of Germany. Because it is in Germany where we find what may be the next domino to fall as part of Europe's latest banking crisis incarnation: Bremen Landesbank, whose contingent convertible bonds have just cratered as a result of speculation that the bank's bailout is suddenly in jeopardy.

Jul 07 14:32

Housing crisis: Reserve Bank calls on Government to curb immigration

The Reserve Bank has told the Government to review immigration policy in a bid to stem rising house prices.

The call comes days after Prime Minister John Key told the central bank to "just get on with it" and introduce immediate restrictions on rampant property investors as the average Auckland house value nears $1 million.

In a speech in Wellington yesterday, Reserve Bank deputy governor Grant Spencer shot back at Key, warning that moderating housing demand was a "team effort".

While the bank has signalled new measures to tackle the effect of investors and possible borrowing limits linked to people's incomes, no firm deadline has been given other than saying they were possible before the end of the year.

But an economist said urgent measures were needed "overnight" and the failure to act now would spark a new run on investment property by "uninformed, under-capitalised investors".

Jul 07 14:29

Tariq Ramadan: Iraq War Waged For U.S. Economic Interests Has Destabilized All Of Middle East

In the last week, more than 300 people have been killed in attacks by militants in Iraq, Turkey, Bangladesh and Saudi Arabia.

Jul 07 13:59

Planet Debt—–45 Years Of Fiat Finance

Jul 07 13:21

Why volatility is guaranteed to rise…

Jul 07 12:58

You’re Overdrafted, They’re Overpaid

Almost two-thirds of Americans today — 63 percent — don’t have enough savings to cover an unexpected $500 expense. Anything from an emergency brake job to a refrigerator on the fritz could zero out their bank accounts.

Jul 07 12:37

Hillary Rebuffs Bernie’s Policy Demands

Eager to hold the political “center,” Hillary Clinton has budged little on Bernie Sanders’s policy proposals beyond nice-sounding platitudes, a strategy that could lead to clashes at the Democratic convention, says Lawrence Davidson.

Hillary Clinton has pursued the presidency for almost a decade with a tenacious determination. She almost achieved the nomination in 2008 only to lose to Barack Obama. That led to an eight-year stifling of this ambition.

Finally, in the long run-up to the 2016 election, she was convinced the nomination was hers.

Jul 07 12:34

Coming Global Digital Currency By 2018

Jul 07 12:33

Jeremy Corbyn gives #Chilcot statement

The much-edited Chilcot Report finally arrived and Labour leader Jeremy Corbyn has issued a pretty-sounding apology for his party’s decision to go to war in Iraq in 2003. He called it the most serious foreign policy calamity of the last 60 years and “a stain on our party and country”.

It’s unfortunate that he dignifies the evil Iraq war conspiracy by suggesting it had anything to do with policy of the British people. It was a private venture, pledged in secret, by a Labour prime minister and his closest henchmen, and backed by the Cabinet.

Jul 07 12:30

Iraq Verdict: Trouble if heads don’t roll

First and foremost it was not so much a foreign policy disaster as a flat-out war crime for which Blair as chief perpetrator must be tried. And so must his Cabinet, who carry collective responsibility.

There will be mega-trouble if heads don’t roll.

Jul 07 12:25

Ding, Ding, Ding! Bubble Top Has Arrived

Jul 07 12:04

Hillary Clinton Backs Monsanto: Claims that “To Be Anti-Monsanto” Is to Be “Pro Global-Warming”

On June 27th, I reported Hillary Clinton’s having privately told GMO industry lobbyists, on 25 June 2014, that the federal government should subsidize GMO firms in order to enable them to buy “insurance against risk,” and that without such federal subsidies, “this [insurance] is going to be an increasing challenge” for the industry to afford. I also reported that, in an interview she did immediately afterward with the GMO industry’s lobbying organization’s (the Biotechnology Industry Organization’s, or BIO’s) head, she compared the opponents of GMOs to the opponents of action in response to global warming; she said, in effect, that both environmental groups are ignoramuses who don’t know what scientists are saying about both the ’safety’ of GMOs and the dangers of global warming.

Webmaster's Commentary: 

It's all about the money for Clinton, and not safety of what GMOS create.

Alleged "science" can be bought in the 21st century. So, if these alleged GMO corporate-funded 'bio-scientists' want to prove their statements correct, I have a modest proposal for them, and for Secretary Clinton as well,; have yourselves, your partners, and kids eating GMO foods for one year, and see if this happens to you:

Shock findings in new GMO study: Rats fed lifetime of GM corn grow horrifying tumors, 70% of females die early Wednesday, September 19, 2012 by Mike Adams, the Health Ranger Editor of NaturalNews.com (See all articles...) Tags: GMO study, cancer tumors, organ damage Facebook (110,677)Twitter GMO study (Natural News) Eating genetically modified corn (GM corn) and consuming trace levels of Monsanto's Roundup chemical fertilizer caused rats to develop horrifying tumors, widespread organ damage, and premature death. That's the conclusion of a shocking new study that looked at the long-term effects of consuming Monsanto's genetically modified corn. The study has been deemed "the most thorough research ever published into the health effects of GM food crops and the herbicide Roundup on rats." News of the horrifying findings is spreading like wildfire across the internet, with even the mainstream media seemingly in shock over the photos of rats with multiple grotesque tumors... tumors so large the rats even had difficulty breathing in some cases. GMOs may be the new thalidomide. "Monsanto Roundup weedkiller and GM maize implicated in 'shocking' new cancer study" wrote The Grocery, a popular UK publication. (http://www.thegrocer.co.uk/topics/technology...) It reported, "Scientists found that rats exposed to even the smallest amounts, developed mammary tumors and severe liver and kidney damage as early as four months in males, and seven months for females." The Daily Mail reported, "Fresh row over GM foods as French study claims rats fed the controversial crops suffered tumors." (http://www.dailymail.co.uk/sciencetech/artic...) It goes on to say: "The animals on the GM diet suffered mammary tumors, as well as severe liver and kidney damage. The researchers said 50 percent of males and 70 percent of females died prematurely, compared with only 30 percent and 20 percent in the control group." The study, led by Gilles-Eric Seralini of the University of Caen, was the first ever study to examine the long-term (lifetime) effects of eating GMOs. You may find yourself thinking it is absolutely astonishing that no such studies were ever conducted before GM corn was approved for widespread use by the USDA and FDA, but such is the power of corporate lobbying and corporate greed. The study was published in The Food & Chemical Toxicology Journal and was just presented at a news conference in London.

Seralini was later vindicated in his studies, and his science, in a French lawsuit:

Professor Séralini, Who Showed that GMOs Cause Tumors in Rats, Vindicated by French Court in Second Lawsuit Monsanto has been dealt a stunning defeat in a French Court: Judge declares professor correct in claims that his studies showed that GMO foods cause tumors in rats In a huge blow to Monsanto, a French court has declared that French professor Gilles-Eric Séralini was in fact right when he claimed that GMO foods fed to rats caused tumors. The original article outlining the study was pulled from the journal Food and Toxicology, but only after fierce, ugly warfare being waged against the journal and Séralini by–you guessed it–Monsanto.

The ‘frankenfood’ giant even managed to insert a former company employee in the strategic position of Associate Editor for Biotechnology at the journal, where he worked tirelessly to convince the powers-that-be to pull the story. Two years down the road, Séralini has republished his findings at a different peer-reviewed journal, Environmental Sciences Europe, and he is basking in the glory of vindication on the heels of the latest court ruling in his favor.

So, everyone who insists this crud is safe to eat, please eat all of it you want; intelligent people, who understand the science, will avoid it like the plague, thank you very much.

Jul 07 10:01

£8 BILLION is locked into UK.gov's failing IT schemes, El Reg analysis reveals

The UK government has £8bn locked into IT contracts which are at high risk of failure, according to an analysis of the Infrastructure Project Authority's accounts by The Register.

Of 143 major projects representing £405bn of government spending, The Register identified 19 IT projects that were flagged as “red” or “amber/red” in the Infrastructure and Projects Authority's annual report.

That means delivery is unachievable or highly unlikely.

Jul 07 09:44

Brexit makes a UK-China trade deal more likely, say officials from both countries as the Chinese blast 'frustrating' EU

Xing Houyuan, an official at the state-backed Chinese Academy of International Trade and Economic Cooperation, said China was being frustrated by the EU.

But now Britain has left, he said the 'situation in Western Europe will push China and the UK to make a trade treaty,' he told the state-owned China Daily newspaper.

And British trade minister Lord Price, a former boss of Waitrose, is currently in Hong Kong where he said the future of 'optimistic' about future trade deals with 'new trading markets' in the East.

Jul 07 09:37

A PERIOD OF MAJOR CIVIL UNREST LOOMS – HOW TO WIN AN INEVITABLE CONFRONTATION WITH THE STATUS QUO

To summarize, I think the activist community across American needs to do two things:

1. Stick together. Black, white, rural, urban, we are all in this together. Don’t allow yourselves to become divided — we have the same opponent. Never forget that.

2. Keep things non-violent. If violence happens, always make sure the government fires the first shots. If the general public perceives you to be out there looking for a fight as opposed to reacting to state aggression, you will lose. Think outside the box, be creative and employ non-violent civil disobedience whenever possible.

Jul 07 09:17

US Oil Reserves Exceed Saudi Arabia

Jul 07 08:05

Jim Hightower: Banks Don't Commit Crimes, Bankers Do

So these negotiated settlements between the feds and the big banks will effectively deter repeats of the 2008 Wall Street debacle, right?

Actually, no.

Notice that the $5 billion punishment is applied to Goldman Sachs, not to the “Goldman Sackers.” The bank’s shareholders have to cough up the penalty, rather than the executives who did the bad deeds.

Remember, banks don’t commit crimes — bankers do. Yet Goldman CEO Lloyd Blankfein just awarded himself a $23 million paycheck for his work last year. That work essentially amounted to negotiating a deal with the government to make shareholders pay for the bankers’ wrongdoings — while he and other top executives keep their jobs and keep pocketing millions.

What a great example for young financial executives. With no punishment, the next generation of banksters can view Blankfein’s story as a model for Wall Street success, rather than a deterrent to corruption.

Jul 07 08:02

Patras: Homeless family of 5 lives in carton boxes

And when you think, you’ve seen and heard everything possible and impossible in Greece of austerity and crisis… there comes this incredible human story: a family of five lives in carton boxes. In the city of Patras in western Greece.

The family ended up on the streets after a labor accident of the father. The family has no income. For the last 8 months, the two adults and the three children live in a provisional “shelter” made of carton boxes they have places in a corner of an abandoned and half-constructed building.

Webmaster's Commentary: 

These are the homeless the bankers blame for "living beyond their means"

Jul 07 08:01

Those not in the labor force grows by 25,000,000 people from 2000 to 2016: During this same period those employed grew by 15 million and those unemployed grew by 6 million.

The unemployment rate looks dramatically better than it really is because of some funny accounting. Our labor force looks dramatically different from what it did in 2000. A large part of the low unemployment rate is coming from those not in the labor force. I’m fascinated with this aspect of the employment situation because it is rarely discussed and is largely an elephant in the room. Most pundits like to assume that most of the growth is simply coming from an older population. Even if that were the case, many older Americans need to work until they die since they have paltry retirement accounts. The figures have grown so disproportionately large that we have a shadow class of the population that is now voting for non-establishment candidates. The mainstream press tends to report on large sealed off metro areas that neglect most of the country. Let us look at the numbers here.

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