ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Feb 28 09:26

Treasury To Run Out Of Cash By June – Riots Expected

A former White House Budget Director has warned that the U.S. Treasury could run out of money by June 2017, sparking riots and civil unrest across America.

According to an interview with David Stockman, a controversial deal made between former Speaker of the House John Boehner and former President Barack Obama in 2015, will result in the “mother of all debt ceiling crises,” by the summer of 2017 which will see a giant “fiscal bloodbath” for Americans.

Feb 28 08:37

CBO:  U.S. Is On Path To Highest Budget Deficits And Debt In Our History

If current laws governing federal taxes and spending did not change, the United States would face steadily increasing federal budget deficits and debt over the next 30 years, according to projections by CBO. As a result, CBO estimates, public debt would reach 145 percent of GDP by 2047, higher than any percentage previously recorded in the United States.

Feb 28 08:08

Banks "Gag" Analysts From Discussing Politics On Air

In what may be a welcome change to what is already an overly politically charged financial atmosphere, Reuters reports that major banks are cracking down on market analysts talking publicly about politics over concerns of appearing partial with HSBC going so far to take its main global currencies commentator off air in an intensification of the financial "gag order." HSBC, which has seen its share of political cross-currents in recent years, especially when it comes to money laundering and funding quasi-legal regimes, said that currency strategists at HSBC's global research division would not be making "unsupervised" public appearances due to concerns about commenting on political events which have been seen to drive prices.

Feb 28 07:58

2017 is seeing the return of the inflation monster

As we nearly reach the third month of 2017 we find ourselves observing a situation where an old friend is back although of course it is more accurate to describe it as an enemy.

Feb 28 07:57

MEANWHILE, IN SPAIN, THEY’RE ARRESTING BANKSTERS

So when a major economy of the West decides to start arresting banksters, I sit up and take notice

Webmaster's Commentary: 

Feb 28 07:54

Here's why Germany is so 'tough' on Greece over its debts

The Greek debt crisis is back on the agenda again. With Athens needing yet more money to pay off its huge loans, Germany is once again being accused of prolonging the Hellenic tragedy.

On Monday evening Germany’s hawkish finance minister Wolfgang Schäuble announced that Greece’s lenders had reached a “common position” on the country’s debts and that they could go back to Athens to discuss the latest tranche of debt relief.

The Washington-based International Monetary Fund (IMF) has been threatened to walk away from the bailout, saying Greece's debts are so huge that it is unable to stay on top of the repayments. It has demanded the eurozone reduce the debt burden to make the repayments more sustainable.

Webmaster's Commentary: 

Feb 28 07:50

The Stench Inside The Fed

A government with a central bank expanding its balance sheet by five and a half times and refusing to shrink it, perverting capital markets with zero to near zero interest rates for nearly a decade, and enabling the national debt to soar to $20 trillion, is, in fact, a banana republic.

Feb 28 07:39

The Warning of Dr. Doom, Marc Faber

“One man alone, he cannot make ‘America great again.’ That you have to realize. Trump, unlike Mr. Reagan, is facing huge, huge headwinds — including a debt to GDP that is gigantic, as it is in other countries,” he said.

Feb 28 07:39

Greece to Surrender Gold, Utilities and Real Estate in Exchange For Pieces of Paper Printed in Brussels

It's official: The Germans will not allow debt relief for Greece. Instead, Berlin wants to send in the repo man.

The untold story of the Greek "bailouts" is that it wasn't a "bailout" — it was an auction of Greek assets. Real, tangible things with real, tangible value were seized in exchange for pieces of paper that guarantee Athens will be chained to Berlin and Brussels for the foreseeable future.

It's your basic extortion racket.

Webmaster's Commentary: 

And that is, of course, the ultimate goal of private central banks; to confiscate the real hard assets of a nation and its people in exchange for paper with colored ink on it.

Feb 28 07:15

Trump orders creation of teams to target regulations for removal

President Trump late last week continued his pursuit of broad regulatory reform, targeting in a Feb. 24 order regulations that stifle job creation, impose unnecessary costs or are simply outdated or ineffective, according to an Executive Order issued Friday. Trump directed all federal agencies, including the Federal Motor Carrier Safety Administration, to establish a team to evaluate existing regs and make recommendations about regulations that need “repeal, replacement or modification,” the Executive Order states. The order refers to the teams as Regulatory Reform Task Forces. Nearly all federal agencies will be required to form a task force, to be made up of senior agency officials and others. (Outstanding!!!)

Feb 28 06:54

‘Cough up, Angela!’ EU budget chief says GERMANY will have to cover Brexit black hole

BRUSSELS’ budget chief has today insisted that it will be up to German taxpayers to shoulder the burden of paying for the EU after Britain leaves the bloc in 2019.

Gunther Oettinger said eurocrats need even more money to tackle growing crises like migration and the fight against terror at a time when the EU is losing its third largest net contributor.

He warned that the massive loss of cash set to be unleashed by Brexit cannot be offset by cuts to the ballooning Brussels budget and will have to be made up by the bloc’s richer countries instead.

Feb 28 04:45

March 2017: The End Of A 100 Year Global Debt Super Cycle Is Way Overdue

For more than 100 years global debt levels have been rising, and now we are potentially facing the greatest debt crisis in all of human history.

For more than 100 years the American people have been slaves to the Eleventh Marble!

Feb 27 20:00

It’s Crash Awareness Week

Feb 27 16:44

Yes Warren Buffet Stocks Are In A Bubble

Feb 27 16:18

DESPITE TRUMP’S ECONOMIC BOOM J.C. PENNEY JUST RELEASED DEVASTATING NEWS - THIS IS SO SAD!

One of the biggest names in retail is closing up to 140 stores in the coming year. J.C. Penney on Friday announced the store closings — without specifying which stores will close — along with an early retirement plan targeting about 6,000 employees.

Feb 27 15:06

Keiser Report: Greek Final Reckoning

Feb 27 14:45

Fed hike could come “fairly soon

Odds of March Fed interest-rate hike spike above 50%

Feb 27 14:03

Is that Desperation Hanging Over Europe’s Banking System?

Turns out, Italy’s banking crisis is not fixed.

Feb 27 13:18

The U.S. Is in Real Trouble

That point—economic bankruptcy accompanied by financial chaos—is quickly approaching for the U.S. government. With deficits over a trillion dollars per year for as far as the eye can see, the U.S. Treasury will very soon be unable to roll over its maturing debt at anything near current interest rates.

Feb 27 12:04

Buckle Up: Inflation at 58-Month High

The stage has been set for high levels of uncertainly, and with uncertainty comes opportunities in commodities, posits Lior Gantz, editor of Wealth Research Group, who also sees opportunities in disruptive technologies in the medical arena.

Feb 27 12:04

Caution Needs To Be Exercised As The Historic Market Rally Is Predicted To Soon Coming To An End

Stocks continue to make new record highs, yet market dynamics point to fragility under the surface.

Feb 27 11:48

Come to Your Sensei

Last week I saw Piers Morgan tell an American TV personality—a big-time Trump hater whose face looks exactly like a penis—how strange he found it that two people like Bush and Blair, who lied about the war and caused over a million Iraqi and thousands of American deaths, were hardly vilified for their crimes when compared with the stuff being hurled at Trump after only four weeks in the saddle. The penis (Bill Maher) shouted and raved at Piers, who laughed it off.

Feb 27 11:46

Don’t Be A Victim: “The Numbers Say That The Majority Of You Will Fall Victim To The Next Bubble”

There’s another way for a bubble to end, but it practically never happens. Responsible bankers and lenders could prevent the bubble’s formation by simply not lending ridiculous amounts. It almost never happens for the same reasons that people buy overpriced houses: greed and our social programming to follow the herd. If all your banker buddies are making big bucks writing loans to anyone who can fog a mirror, then you’ll be rewarded for doing the same. Nobody wants to be the lone, unpopular voice urging restraint when the crowds are going wild.

Feb 27 11:33

Robert Shiller: With stock valuations high, it’s time to reduce your holdings

“We can’t time the market accurately, but we know that when it’s this high, over the long term, it usually doesn’t do great.”

Feb 27 10:28

FIGHTING IN DONBASS, COAL BLOCKADE, AND INFIGHTING IN KIEV, AS UKRAINE’S CRISIS DEEPENS

The last few weeks have witnessed an acceleration of Ukraine’s downward slide.

Following the bitter fighting in and around Avdeevka and the angry telephone exchange between Russian President Putin and German Chancellor Merkel, an attempt was made to bring the fighting in the area around Avdeevka to an end and to arrange for a mutual pullback of forces to the starting lines.

As always the Ukrainians proved unwilling to comply with their commitments to do so, and yesterday the whole process was thrown into chaos when militants from the far right Azov Brigade stormed and took over a water filtration plant from the local Ukrainian authorities, seeking to cut off the water supply to Donetsk without apparently realising that large areas of Ukrainian controlled territory also depend for their water on the plant.

Webmaster's Commentary: 

The situation in Ukraine appears to be worsening by the day, and the deadly combination of paralysis and government corruption appears to not be able to make any positive move forward for the Ukrainian people.

Simply put, Poroshenko is running out of time, money, and options.

So the Poroshenko regime may well collapse of its own weight of corruption; at that point, who knows; they may install a morally ethical,Russian-centric strongman as their leader, because Ukraine needs Russian trade (and money) to keep them afloat until, and beyond, the point where the Ukrainian economy has a chance to right itself.

And at that point, the US/EU/NATO/IMF/SOROS-sponsored 2014 coup, for all the blood and money spent, will have come to absolute naught.

Feb 27 10:24

Behold, The Dow Jones Non-Industrial Average

With The Dow Jones Industrial Average trading almost 50% higher than its 2007 peak, we thought it ironic that core Industrial durable goods orders remain well below the peak in 2008, once again suggesting that it may be time to drop the "Industrial" part from the name of the famous index.

Feb 27 10:23

Are Big Banks' Dark Pools Behind The Run-Up In Bank Stock Prices?

The biggest banks on Wall Street, both foreign and domestic, have been repeatedly charged with rigging and colluding in markets from New York to London to Japan. Thus, it is natural to ask, have the big banks formed a cartel to rig the prices of their own stocks?

Feb 27 10:22

Global Food Price Rises, Where and What Percentage of Crop Loss Will Increase Prices

Bob Kudla and I discussed food price rises and what percentage of crop yield loss will increase prices how much, by looking back in time to look for correlations to today’s climate conditions. We also spoke of areas in the world that can come on as bread baskets as other areas go off line due to intensifying grand solar minimum jet stream changes; Specifically Northern Africa and the political challenges of growing and getting crops to market and how the credit crunch for farmers will intensify this effect.

Feb 27 10:12

What To Do When You Encounter Lawless, Rogue, Government? Maybe It's Time To Just Cuss Them Out

This isn't about cussing. With so much confusion and ignorance of the fundamental issue here, it's very important for people to fully comprehend the legal and financial issues involved. So please read the explanation and legal precedents, so that you understand what is actually going on here. The USSC has ruled, "We have held that checkpoint searches are constitutional only if justified by consent or probable cause to search... And our holding today is limited to the type of stops described in this opinion. Any further detention... must be based on consent or probable cause." [U.S. v Martinez-Fuerte.] Terry Bressi of CheckpointUSA.org won over $200,000 in a federal lawsuit from Homeland Security & he points out that the border patrol themselves have admitted in writing:
"Q. 11. Am I required to answer the agent's questions at the checkpoint?"

Feb 27 09:45

Back from never gone: currency wars

Feb 27 08:19

The European Debt Bomb Fuse Is Lit! Target2 Imbalances Hit Crisis Levels

Eurozone Target2 imbalances have touched or exceeded the crisis levels hit in 2012 when Greece was on the verge of leaving the Eurozone. Others have noted the growing imbalances as well.

I had a couple of questions for the ECB regarding Target2, which they have answered, I believe disingenuously.

First, we will explain Target2, then we will take a look at various charts, viewpoints, and the email exchange with the ECB.

Feb 27 07:46

German Experts View a Possible Free Trade Deal With Russia as Highly Profitable

A free trade area for the European with Russia and the other members of the Eurasian Economic Union (EAEU) would have economic advantages for all parties involved, according to an analysis by the Center for Economic Studies (CES), Ifo Institute, Germany.

Feb 27 07:40

Alert! Bill Passes House to End Federal Reserves Stranglehold on Money


A bill to end federal reserves monopoly on money passes the house and heads on for final approval. the bill would essentially legalize the use of gold and silver as money. the world is waking up to the hidden secrets of money

Feb 27 07:10

Retail Apocalypse Gains Momentum As David Stockman Warns ‘Everything Will Grind To A Halt’ After March 15th

J.C. Penney and Family Christian Stores are the latest retail giants to announce widespread store closings. As you will see below, J.C. Penney plans to close between 130 and 140 stores, and Family Christian is closing all of their 240 stores.

Feb 27 07:09

Is There A Pattern When Recessions & Depressions Occur?

Tsipras says no more austerity after this bailout deal. Consumer confidence declines since the elections. hhgregg to file bankruptcy.

Feb 26 18:40

3-minute video: Hillary psychopathically lies Dems had ‘most progressive platform in history’ ignoring ongoing illegal Wars of Aggression, bankster and Pentagon looting in the trillions, reneged promises to end poverty killing ~400 million people

*hyperlinks/videos live at source*

3-minute Hillary Clinton message to Democrats:

Clinton’s claim that Democrats in 2016 had “the most progressive platform in history” is a psychopathic lie because it omits OBVIOUS progressive policy proposals:

The US engages in ongoing illegal Wars of Aggression all started on lies known to be lies as they were told.
Monetary reform and public banking delivers ~$1,000,000 per US household in benefits. That is the ongoing cost of oligarchic bankster looting.
The Pentagon admits to “losing” $6.5 trillion, with Dems refusing independent audits.
Since the Clintons were last in the White House, ongoing “leadership” renege of promises to end poverty have gruesomely killed ~400 million people; more than all wars and violence in known human history. These are Crimes Against Humanity, the Orwellian opposite of progressivism.

Feb 26 09:27

David Stockman: Giant Fiscal Bloodbath Coming Soon, Everything Will Grind to a Halt in 2017

Former White House Budget Director David Stockman drops a bomb in his latest interview by saying, “I think what people are missing is this date, March 15th 2017. That’s the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015. That holiday expires.

Feb 26 08:45

Merkel's euro crisis: German bond market yields fall as predictions of Le Pen victory grow

MARKETS are reacting to the potential of a "political shock" as uncertainty in Europe continues over the forthcoming French elections.

Feb 26 07:36

Price of Corruption: Unemployment in Brazil Soars to Record

Economists stumped, having underestimated the fiasco for years.

Feb 26 07:10

THIS MAJOR HOUSEHOLD-NAME COMPANY JUST LEFT CALIFORNIA OVER SOMETHING SO SICK IT IS STRANGLING THEM

Food and drink giant Nestle is about to take a “Nestea plunge” of a different sort — namely, moving its operations from liberal California all the way to business-friendly Virginia. According to an op-ed in Investors Business Daily, Nestle USA will be moving its headquarters from the Los Angeles suburb of Glendale to Rosslyn, a Virginia city just outside Washington, D.C. It will be taking 1,200 jobs with it.

Feb 25 19:02

Apple Stock Is A Sell

Feb 25 17:45

Breakthrough: US Becomes Major Oil Exporter Under Trump

The United States has become a major exporter of crude oil since President Trump took office, sending a record 7 billion barrels into the world market last week.

Feb 25 16:42

Brexit bombshell: Why is this parliamentary report talking about RE-JOINING the EU?

The report was circulated among MPs ahead of the crucial vote held in Westminster earlier this month and repeatedly referred to Article 49 which allows for the re-joining of the EU. In the wake of Theresa May’s famous “Brexit means Brexit” statement Express.co.uk pointed out the curious repeated references to the mechanism for re-joining the European Union. Today Downing Street has officially slapped down the report called "Brexit: how does the Article 50 process work?" which clearly points to a re-entry strategy developed by mandarins.

Feb 25 14:30

Oregon to seek federal approval for tolls on metro freeways

Another reason to stay out of Portland.

The Oregon Department of Transportation intends to seek approval from federal officials to place tolls on some metro-area interstates for funding congestion-relief projects.

Feb 25 11:30

EU THREAT TO PENSIONS: Mass migration blamed for £30 billion a YEAR 'economic catastrophe'

MASS EU migration is a £30 billion a year threat to Britain’s state pension, a new report has warned.

The comprehensive paper - How the £30 billion cost of EU migration Imperils Pensions & Benefits - by the thinktank Global Britain has blown apart claims that the UK needs EU migration to support its pension system.

Instead it reveals that cheap labour flooding in from the continent is causing "an economic catastrophe" for the UK which threatens the pension system.

And the report suggests that leaving the EU and taking back control of British borders will provide the UK with “a £250 billion opportunity” in the next five years.

Feb 25 10:56

Just say no at the cash register

Feb 25 10:54

Gold continues to defy Fed’s attempt to control the price

Bloomberg News admitted that it is aware of the Fed’s “hidden” mandate to control the price of gold when it published an article last Sunday titled, “Yellen Can’t Halt Trump Gold Rally That Funds Bet Against” – Bloomberg/Yellen/Gold.

Feb 25 10:40

The Deep State Goes Shallow

"...Trump’s fatal mistake was saying that he wanted to get along with Russia, that Putin was a good leader, and that he wanted to end the war against Syria and pull the U.S. back from foreign wars. This was verboten. And when he said nuclear war was absurd and would only result in nuclear conflagration, he had crossed the Rubicon. That sealed his fate. Misogyny, racism, support for Republican conservative positions on a host of issues – all fine. Opposing foreign wars, especially with Russia – not fine."

Feb 25 10:20

THE ROAD TO HELL WAS PAVED WITH OBAMA CRONYISM

I spent most of the Obama years warning about the dangers of his policies. I didn’t do this for kicks, or because I thought he would try to stay in power forever, but because I knew his monumental cronyism would only pave the way for major problems down the road. Well the backlash to Obama came quick, and we the people won’t do the country any good if we focus on Trump the man, as opposed to the entirely corrupt, billionaire/special interest-controlled cesspool of a society we inhabit. We need to focus on Trump’s policies, not Trump the man.

We also need to be under no illusions when it comes to the disaster that was the Obama administration, and the key role his failures played in providing the fertile ground for Trump to believe he can do whatever he wants — because Obama largely did.

Webmaster's Commentary: 

I frankly think that it is far too early to judge what Trump will do with his presidency, and I am counting on two influences here. One is that of his own native intelligence, and the other is his family

But Obama's presidency has set this economy up for a catastrophic fail, for which President Trump will, of course be blamed. As reported on Thursday at shtfplan.com on Thursday of last week:

To summarize, the U.S. economy and the dollar are slated for a controlled demolition. The Fed will do everything in its power to prod Trump and conservatives into war with the central bank, because the Fed is now ready to sacrifice itself and the dollar’s world reserve status in order to clear a path for a new global system and ideology. The Federal Reserve is a suicide bomber.

If this takes place as I predict then the international banks and the establishment elites will be able to lay the blame for the death of king dollar squarely at the feet of Trump and conservatives, and at least a third of the country (leftists) will buy into the narrative lock, stock and barrel because they desperately WANT to believe it. Remember, the tale being scripted here is that Trump is a rampaging maniac that does not know what he is doing.

To be clear, I am not supporting the continuing dominance of the Fed, or the existence of the fiat dollar. What I am saying is that conservatives may just get what we have been wishing for all these years but not in the manner we had hoped.

To counter this threat our list of targets must expand to meet reality. The delusion that the core problem is the Federal Reserve must stop. The Fed is a box store, a franchise in a chain of franchises, nothing more. If we do not also turn our scrutiny and aggression towards root globalist institutions like the IMF and the BIS as well as international banks, then our efforts will only serve to bolster the enemy we are trying to fight.

In a battle limited to Trump versus the Fed, only the bankers will win

Feb 25 09:42

EU Bailout of Portugal Has Failed

Feb 25 08:20

How Much Money Laundering is Going On in the Housing Market? A Lot

Answers trickle in. Tough luck for New York, San Francisco, Miami…

Feb 25 07:45

BREXIT BOOST: Boeing to build first ever European manufacturing plant in Britain

US aviation giant Boeing today gave Britain a Brexit vote of confidence by announcing its first ever European manufacturing plant will be built in Sheffield.

Feb 25 07:40

Just 8 men own same wealth as half the world

Eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a new report published by Oxfam today to mark the annual meeting of political and business leaders in Davos.

Oxfam’s report, ‘An economy for the 99 percent’, shows that the gap between rich and poor is far greater than had been feared. It details how big business and the super-rich are fuelling the inequality crisis by dodging taxes, driving down wages and using their power to influence politics. It calls for a fundamental change in the way we manage our economies so that they work for all people, and not just a fortunate few.

Feb 25 07:33

EU THREAT TO PENSIONS: Mass migration blamed for £30 billion a YEAR 'economic catastrophe'

The comprehensive paper - How the £30 billion cost of EU migration Imperils Pensions & Benefits - by the thinktank Global Britain has blown apart claims that the UK needs EU migration to support its pension system.

Instead it reveals that cheap labour flooding in from the continent is causing "an economic catastrophe" for the UK which threatens the pension system.

And the report suggests that leaving the EU and taking back control of British borders will provide the UK with “a £250 billion opportunity” in the next five years.

Feb 25 07:25

The Problem with Gold-Backed Currencies (Oh yeah, They must be redeemable in gold…)

Any nation issuing a gold-backed currency can't control the global price of gold, and so that nation's currency is hostage to fluctuations beyond its control. If the issuing nation sets a peg to gold, that peg is subject to the whims of the central bank and state--in other words, the peg is simply another flavor of fiat currency. Simply put, there is no way to back a reserve currency or a fractional reserve banking system with gold. It's easy to say that a world with very little credit would be a good world, but it would be a world with limited debt-based consumption, i.e. a world with little "growth." And without "growth," the system implodes.
Only true if you have to borrow that gold-backed currency at interest from a central bank. This appears to be FED anti-gold propaganda.

Feb 25 01:38

Warning Sign: The Last Time This Happened In Stock Markets An Epic Crash Followed

The records in and of themselves aren’t necessarily an indicator of a coming crash, but they should certainly be raising warnings signs, especially considering that many experts, including traditional bulls and bears, are noting that markets have gone up too high, too fast.

Feb 24 16:56

Stop Listening To Conventional Wisdom Regarding Moments in Gold History As Investors Flock To Supercharged Gold Bet That's Returned 180%

Conventional wisdom says rates hikes are bad for gold. Let’s take a look.

Feb 24 16:32

The Return of Stagflation

Feb 24 16:02

Hundreds of “Riot Gear-Clad Officers Move In With MRAPs” Against Dakota Pipeline Protests

Heavily militarized police and National Guard forces moved in to raid camps at Standing Rock on Thursday morning, with hundreds of riot gear-clad officers marching in formation to clear camps of water protectors, journalists, and anyone firmly entrenched to oppose the Dakota Access Pipeline.

Ominously poised on Highway 1806, officers waited in formation with dozens of heavily armored vehicles for over an hour before eventually descending into the remnants of the largest Standing Rock camp, Oceti Sakowin, in recent days renamed Oceti Oyate.

Prayerful song eerily served as a backdrop for what constituted a military raid of land unceded to the U.S. government in treaties from 1851 and 1868.

Webmaster's Commentary: 

When did that phrase "to protect and serve", which used to be the motto of many police departments, morph into "To protect the corporations, and NOT serve ordinary American citizens"?!?

I am deeply concerned that we are "half past Orwell", on this issue.

And what happens if, due to intense value engineering, coupled with the rush to get the Dakota Access Pipeline completed, causes the pipeline to fail, and the local water resources do wind up getting fouled?!?

Feb 24 15:37

Rickards: The biggest financial story in the world today

The biggest financial story in the world today is not Fed policy or emerging-market debt. The biggest story is the global dollar shortage.

Feb 24 14:32

MORTGAGE DELINQUENCIES REACH ALMOST 12%

Feb 24 14:29

Here’s where the next financial crisis may start

Lured by low interest rates, low gas prices, and a crop of seductive vehicles that are faster, smarter, and more efficient than ever before, American drivers are increasingly riding in style. Don’t be fooled by the curb appeal, though — those swanky machines are heavily leveraged.

Feb 24 14:04

BRACE FOR STOCK MARKET CRASH

Feb 24 13:26

INSIDER WARNS MALLS WILL BECOME GHOST TOWNS…

Feb 24 13:24

Wall Street Sodbusters

I love the names: Bobcat Farm, Golden Eagle Ranch, Long Prairie, Ten Mile Farm. They conjure up Americana, the old homestead, and our rich rural culture.

Less bucolic, however, is the fact that all those farms are part of a massive Wall Street investment scheme called Farmland Partners Inc. It’s run by a couple of slicks trained in mergers and acquisitions as executives at the investment powerhouse Merrill Lynch.

Feb 24 13:06

The Movement Towards An Unpleasant Milestone Set In 2008

We are moving toward an unpleasant milestone set in 2008 – a record amount of household debt. The New York Fed expects household debt to reach its previous 2008 peak sometime this year.

Feb 24 13:05

George Soros Places $500 Million Bet On ‘Fall Of US Economy’

Billionaire globalist George Soros has hedged a $500 million dollar bet on the U.S. economy failing and corporations becoming bankrupt.

Feb 24 11:45

EUROPE SAYS IT WANTS TO CONFISCATE MONEY, PRECIOUS METALS, CRYPTO CURRENCY AND PREPAID CARDS TO FIGHT TERRORISM

The proposal wants to monitor and tighten the control over electronic crypto and electronic currencies such as Bitcoin, Litecoin, Dogecoin, along with debit and credit cards in the EU, and is applicable to all those who travel.

The European Commission wants to tighten its control over paper money, metals such as gold and silver, and other precious elements that are transferred into the European Union. Their reasoning is to monitor the funding, as it will lessen the funding for belligerent attacks in the European Union.

The Commissions’ decision was based on the Marketplace attack that took place last Christmas in Germany, where people were killed as a truck full of explosives drove into the crowded place.

Webmaster's Commentary: 

Folks, this is NOT about terrorism; because the fastest way to stop terrorism is for the West to stop mucking about in other peoples' countries, and expropriating their resources, to which the West has utterly no moral right.

This is about complete serfdom, and financial control, of all the citizens of countries which have the horrid luck of being members of the EU right now.

It's just that simple.

And the cold, hard reality, is that the "bad guys" already have their finances, and computer communications so well-encrypted, that law enforcement and anti-terror officials, are most generally deaf, dumb, and blind to what they hold, and where those assets are.

Feb 24 11:02

CHICAGO JUST HAD ITS DEADLIEST DAY OF 2017, ALREADY OUTPACING LAST YEAR

On Wednesday, seven people were shot dead in Chicago, marking the deadliest single day of the new year. At this rate, homicides in the city are set to outpace last year’s numbers.

Eight people were shot dead on Christmas Day last year. Wednesday’s total missed that by one death. According to The Chicago Tribune, five of the seven murders happened in just a two-hour time span and included “a woman who was eight months pregnant and had already picked out a name for her baby.”

More from the report:

Homicides had been lagging behind last year, which had been the deadliest in two decades. But by Wednesday evening, the city had recorded its 99th homicide two days earlier than it did last year, according to Tribune data.

Like last year, the Harrison police district on the West Side has seen the most homicides: 16 this year compared to 12 this time last year, according to Tribune data.

Webmaster's Commentary: 

Most of these shootings are, very likely, gang-related, in a desperately poor city, and where corporations are leaving on a daily basis; and Rahm "The Godfather" Emanuel appears to be utterly impotent (or unwilling) to stop this.

I have to wonder why.

And in my research on this article, I came across an astonishing "j'accuse" from a Breitbart article from 2013:

Harold “Noonie” Ward, a former high-ranking member of the Gangster Disciples, one of America’s largest street gangs, claims the deadly violence that is plaguing Rahm Emanuel’s “world class city” of Chicago is because Mexican drug cartels are being allowed by “the powers that be” to operate freely and “run” Chicago’s streets. In an interview with Breitbart News outside of his childhood home, a now-condemned apartment in Altgeld Gardens, one of Chicago’s most well known housing projects, Ward explained that there are a number of issues leading to the bloodshed in the city. The greatest reason, Ward says, is drugs and how they are being brought into the city. “Where the drugs are coming from is Mexican cartels,” Ward said. “From Mexico to Chicago, they make $3.5 billion dollars a year. And the majority of violence in Chicago, comes from the Mexican cartels.” Ward doesn’t just blame the cartels. “They can only do what the city and the state allow them to do, this is by design,” he claimed. “They know what they’re doing, the powers that be know what they are doing… Do you mean to tell me, can’t nobody stop that? Do you know how much drugs that is? Three billion dollars?” “You can’t come in the United States and do nothing without them [the government] knowing,” he charged. Bloomberg recently reported Chicago is the main transportation hub for the Sinaloa Cartel, Mexico’s most notorious drug cartel headed up by Juan “El Chapo” Guzman, which has a near-monopoly on the market. The drugs continue to pour in. In a 2006 conversation monitored by Mexican police, Guzman said he wanted to make America’s third-largest city his “home port.” He’s done that, says Art Bilek, a retired detective who’s executive vice president of the Chicago Crime Commission, a public-safety group that in February named Guzman the city’s public enemy No. 1. Chicago had cartel drugs in the past but not cartel leaders, Bilek says. “Now, Guzman has top people in here to make sure things run smoothly,” he says.

This, unfortunately, is the only thing which makes any possible sense, in terms of the out of control violence in Chicago; and why it most probably will not end under Mayor Emanuel's watch.

Feb 24 10:10

Recon Buys Majority Stake in Millennium Films for US$100 Million

Shenzhen-based and listed Recon Holding has taken a 51 percent stake in Millennium Films, producer of The Expendables series, for US$100 million, the two companies announced Thursday in a statement.

The announcement ends rumors that a deal for that amount was being negotiated, although initial speculation indicated that price was more likely for a complete buy-out of Los Angeles-based Millennium.

The price tag seems a bargain for a company that claims box office grosses since 2011 of $1.2 billion, with films including The Expendables, Olympus Has Fallen, London Has Fallen, along with Rambo in its catalog. Millennium has The Hitman’s Bodyguard with Ryan Reynolds and Samuel L, Jackson coming up, along with Escobar, starring Javier Bardem and Penelope Cruz, and Hunter Killer, with Olympus and London star Gerard Butler, and Gary Oldman.

Feb 24 09:45

MORTGAGE DELINQUENCIES BEGIN AN UPWARD MARCH

Feb 24 09:34

TRUMP TO FIX U.S. BUDGET & DEBT CRISIS - Will Focus On Spending Cuts & No More Wasted Money

Warming up for a prime-time address to Congress next week, President Trump and his aides said Wednesday they will roll out a proposed budget, a revamped health care plan and a new tax reform package over the next two months.

Feb 24 09:24

Meryl Streep refused to wear €100k Chanel dress because she wanted them to PAY HER

What more could the world’s greatest living actress want for Hollywood’s biggest night

Feb 24 09:18

'This is why they're in such a mess' Fury as EU set to splurge YOUR cash on eurocrat perks

BRUSSELS is preparing to unleash an extraordinary splurge on eurocrats’ pay and perks despite rising euroscepticism and the enormous black hole facing its budget after Brexit.

EU officials want to splash the cash on complimentary electric cars, expanded creche facilities for staff and a even shiny new 400-seat restaurant where pen-pushers can dine in luxury.

They are proposing a whopping increase in the EU parliament budget which would take it to just shy of £1.7 billion at a time when many member states are still slashing costs under punitive austerity measures.

Feb 24 08:58

Google Tax Avoidance

Webmaster's Commentary: 

I guess when you play ball with the elites, you can get away with such things!

Feb 24 07:31

WTO Without US? Trump Trade Agenda Clashes With New Global Rules

Lower imports tariffs, as proposed by the WTO, do not fall in line with Donald Trump’s idea of the US role in foreign trade, which might eventually result in America leaving the WTO and reshaping the entire landscape of international exchange in goods and services.

Feb 24 07:29

J.C. Penney reports comp sales drop, to shut 130-140 stores

Department store operator J.C. Penney Co Inc (JCP.N) said on Friday it would close 130-140 stores over the next few months, and reported a bigger-than-expected drop in same-store sales for the holiday quarter.

Shares of the company were down 2.6 percent in premarket trading on Friday, after initially rising 3 percent.

Feb 24 03:09

Russia Vs NATO: GDP Graphic

To me it illustrates just how silly the whole "Russians are coming!" fearmongering really is.

Feb 23 16:43

So It Begins, Corporate Media Sets Up Narrative That The Economy Is Worsening

Philadelphia passed a soda tax and sales have plummeted and the companies will be laying off employees.

Feb 23 15:43

Is There A Risk Of Sell Off In Crude Oil?

Crude-oil, a commodity making billions of dollars became a losing game in 2014.

Feb 23 14:03

Delinquency Rates Reaches Highest Since 2009. Should You Be Worried?

Rising household debt is not the only concern for US homeowners. A rising rate of delinquencies is making the credit situation even worse.

Feb 23 12:54

Shadow CIA Group Warns the End of the Eurozone May Be Near; Including a Collapse of the Currency

Stratfor, referred to by Barron's as "The Shadow CIA," is out with a video clip providing insight into its concerns that the end may be near for the Eurozone and that the euro may collapse.

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