ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Jan 08 11:31

Russia to Lease Bomber Jets to Argentina. Deal Spooks UK

Russia replaced EU food imports with those from Argentina. It will partly pay for them by leasing a squadron of Su-24 attack aircraft

Webmaster's Commentary: 

Another unforeseen consequence of the oil price wars!

Jan 08 09:41

$200 bn in debt looms over American oil and gas

Plummeting Brent oil prices are putting pressure on North American shale, which has sunk hundreds of billions of dollars into investment, and could soon come crashing down.

Jan 08 09:21

Delaware man's Christmas gift to 5 homeless people thwarted

A Delaware man says he's devastated after a luxury hotel thwarted his plan to give five homeless people a warm bed and a hot shower on Christmas night.

Matt Senge of Newark tells WDEL-AM (http://bit.ly/1yEKsoR ) he booked a two-bedroom suite at the Hotel du Pont in Wilmington for $639 on Christmas and told hotel managers and the reservation clerk about the gift.

He says everyone was enthusiastic and supportive, and that he got an email confirmation about the room. But three hours before check-in - after Senge told the homeless people about the gift - Senge says the hotel called to say the reservation was canceled because of safety concerns for other guests.

Jan 08 09:21

2015: Everything Can Be Fixed By Printing More Money

It is tiresomely obvious that we live in an era dominated by the idea that virtually all economic difficulties can be fixed by printing more money. There are various means of distributing the new money, but the dominant ideology is really very simple:whatever the problem might be, the solution is to print more money and/or issue more credit.

If the problem persists, clearly, we didn't print enough money/credit.

Jan 08 09:16

Did The World's Biggest Hedge Fund Just Go "All In" On HFT And Dark Pools?

Is the world's biggest hedge fund going all-in on HFT and Dark Pools? We ask because Ray Dalio's Westport, CT-based Bridgewater, which at last check manages around $160 billion between its Pure Alpha and All Weather fund products, and which according to preliminary data had a solid performance in 2014, has just hired Jose Marques, the former global head of the quant and algo-heavy electronic trading at Deutsche Bank, to become Bridgewater's new head of trading.

Jan 08 09:14

Eurozone Falls Into Deflation; ECB About to Do Something Stupid

Economists are in shock over what should be a welcome event. Deflation is exactly what consumers need. Some say this increases the likelihood the ECB will act on January 22.

Actually, it does nothing of the kind. The ECB is already 100% certain to do something counterproductive, and odds cannot exceed 100%.

Jan 08 09:14

U.S. Government/Central Bankers Using False Flags To Keep Coalition Countries In Line

Jan 08 08:32

62% of Americans can't cover unexpected expenses

Car accidents, unexpected medical bills, an emergency plumber visit—there are all sorts of events that can interfere with even the best budget plans.

But according to a study released Wednesday, more than 60 percent of Americans do not have enough rainy day funds set aside to deal with even minor calamities.

Jan 07 21:35

France to make a choice between NATO and Russia

France faces a tough decision to either deliver two Mistral ships to Russia and face the anger of its NATO allies, or to terminate the Mistral deal, paying a heavy price and further deteriorating its economy

Jan 07 16:46

The First Shale Casualty: WBH Energy Files For Bankruptcy; Many More Coming

"There are too many ugly balance sheets," warns one energy industry analyst, adding simply that "the group is not positioned for this downturn." While the mainstream media continues to chant the happy-clappy side of lower oil prices, spewing various 'statistics' about how the down-side of low oil prices is 'contained' and the huge colossal massive tax cut means 'everything is awesome' for America, the data - and now actions - do not bear this out. Macro data has done nothing but disappoint and now, we have the first casualty of the shale oil leverage debacle as WSJ reports, on Sunday, a private company that drills in Texas, WBH Energy LP, and its partners, filed for bankruptcy protection, saying a lender refused to advance more money. There are many more to come...

Jan 07 14:29

Target to close Northland Center store in Metro Detroit; mall on DeadMalls.com endangered list

The Target Corporation has plans to close a store Feb. 1 that's part of a Metro Detroit mall that's on DeadMalls.com's endangered list.

Jan 07 13:25

WORLD WAR III: Anglo-American Axis vs. BRICS Alliance

The current economic and currency crisis in Russia isn’t your typical economic crisis. That is, this isn’t just a part of the business cycle. And it isn’t something that is happening because demand for oil is up or the supply of oil is down.

This is a two-pronged attack by the U.S. — and it is a desperate one, at that.

Jan 07 10:55

ALL WARS ARE BANKERS' WARS!

"If my sons did not want wars, there would be none." -- Gutle Schnaper, wife of Mayer Amschel Rothschild and mother of his five sons

Webmaster's Commentary: 

Today's shooting in Paris has all the hallmarks of another government false-flag to revive the war fever in the minds of those who will pay and die for it, so I figured it was time for a repost of this article.

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Jan 07 09:35

Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings

BNP Paribas says Russia no longer has enough reserves to cover external debt and enters this crisis 'twice as levered' as it was before the Lehman crash

Jan 07 09:32

Poor $87 Billion Boeing Fears Losing Sales If Feds Stop Helping Them Out

Boeing is concerned that its long-term sales will suffer if conservative Republicans succeed in killing the Export-Import Bank this year.

Jan 07 09:32

FLASHBACK 2005 - RUSSIA PAID OFF ITS DEBT TO IMF AHEAD OF SCHEDULE

Russia has paid off the entire amount of its debt to the International Monetary Fund (IMF) ahead of schedule, announced Russian Finance Minister Alexei Kudrin during a press conference at RIA Novosti on Tuesday.

"In accordance with a directive of the Russian government we paid off Russian foreign debt to the IMF in the amount of $3.3 billion. The sum has been transferred and we are no longer IMF debtors," he said

Webmaster's Commentary: 

So why is corporate media screaming about how much debt Russia is in?

Jan 07 09:08

EU Showdown: Greece Takes on the Vampire Squid

Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday” if they “vote wrong.” But they have been bullied for too long and are saying “no more.”

A return to the polls was triggered in December, when the Parliament rejected Prime Minister Antonis Samaras’ pro-austerity candidate for president. In a general election, now set for January 25th, the EU-skeptic, anti-austerity, leftist Syriza party is likely to prevail. Syriza captured a 3% lead in the polls following mass public discontent over the harsh austerity measures Athens was forced to accept in return for a €240 billion bailout.

Austerity has plunged the economy into conditions worse than in the Great Depression. As Professor Bill Black observes, the question is not why the Greek people are rising up to reject the barbarous measures but what took them so long.

Webmaster's Commentary: 

I just hope that the head of this opposition party, Alexis Tsipras, is wearing his Kevlar undies these days.

The real danger here is not Greece pulling out of the EU, but the way in which it will trigger credit default swaps, which could have a global impact, crashing the Euro.

Jan 07 09:04

EU Showdown: Greece Takes on the Vampire Squid

Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday” if they “vote wrong.” But they have been bullied for too long and are saying “no more.”

A return to the polls was triggered in December, when the Parliament rejected Prime Minister Antonis Samaras’ pro-austerity candidate for president. In a general election, now set for January 25th, the EU-skeptic, anti-austerity, leftist Syriza party is likely to prevail. Syriza captured a 3% lead in the polls following mass public discontent over the harsh austerity measures Athens was forced to accept in return for a €240 billion bailout.

Austerity has plunged the economy into conditions worse than in the Great Depression. As Professor Bill Black observes, the question is not why the Greek people are rising up to reject the barbarous measures but what took them so long.

Jan 07 09:01

You can’t make this up: Harvard professors in “uproar” after learning Obamacare applies to them

For years, Harvard’s experts on health economics and policy have advised presidents and Congress on how to provide health benefits to the nation at a reasonable cost. But those remedies will now be applied to the Harvard faculty, and the professors are in an uproar.

Jan 07 07:51

The Economies Of The Private Western Central Bank Countries Are Showing Signs Of Collapse

Euro zone is slowing and heading for a deep depression. France is desperate thinking about selling artwork.Iceland to withdraw EU application. Factory orders decline again.Malls closing down across country. White House implement a gas tax.U.S. Senator Bernie Sanders demands to read the TPP. Harvard Obamacare architects furious that they need to take Obamacare. South Korea claims NK has nuclear weapons that can reach US. U.S. training FSA to fight Assad not Islamic State. Governments catching on that the US is dropping supplies for the Islamic State.

Jan 07 07:08

Ontario auditor breaks new ground with review of public-private partnerships

Lysyk's report found that the use of public-private partnerships (P3s) had cost Ontarians $8 billion more than they would have paid if the projects had been financed with traditional public funding.

Jan 07 07:06

Fed-Propped Oil Prices Tumble. Stocks and Real Estate Next.

Jan 06 17:12

Financial Trickery Keeps This System Afloat… For Now…

We have long suspected that the multi trillion dollar derivative complex will be the proverbial straw that breaks the camel’s back. Although the financial trickery may still have years left of smoke and mirrors display, the moment of reckoning is palpable for many of us. Phantom assets are liabilities. This includes any ‘money’ locked up in the system. Once the markets collapse and layoffs surge (heaven forbid hyper-inflation), mainstream America will be begging for tax free government bonds in exchange for their retirement accounts and a system bailout. Protect yourself accordingly...

Jan 06 13:07

The American Dream no longer involves owning a home: Record number of young living at home and rents increase while income falls.

Many Americans are now sour to the notion of owning a home. How many young adults lost their homes or saw their parents struggle to make the monthly mortgage payment? The mindless banter of “housing never goes down” is now lost on this current generation. What is interesting is that home values have gone up, rents have gone up, but the overall homeownership rate has fallen in line with incomes. And of course, rents are being jacked up while incomes flutter.

Jan 06 13:06

American Winter

"Using a mix of hard facts and personal stories, American Winter is too compelling to ignore." - Indiewire

"Wrenching" - Washington Post

"Finally, a movie has arrived that shows the precariousness of the US economy for the majority of Americans, refusing to distinguish between a deserving and non-deserving poor" - Greg Kaufman, The Nation

“...A very vivid snapshot of what life was like for many formerly middle-class families. Families that, amid the deepest valley of the economic downturn, were having trouble keeping it all together." - APM's Marketplace

"Powerful and timely" - NBC's In Plain Sight

"A thoughtful and confrontational exploration of poverty" - Daily Kos

Webmaster's Commentary: 

Claire and I stumbled across this documentary last night, and it is everything the above quotes say it is. This is a film you must watch, and show to anyone who still thinks America is the greatest nation on Earth. That Americans are being forced to live like this by the money-junkies underscores everything that has gone wrong with the Federal Government.

Jan 06 12:59

Under Obama: Federal Debt Up $84,266 Per Full-Time Private-Sector Worker

The federal government drove $789,473,350,613.20 deeper into debt in calendar year 2014, an increase that equaled $6,875 per household, $7,458 per full-time year-round worker, and $8,853 per full-time year-round private-sector worker.

According to the Treasury, the debt started calendar year 2014 at $17,351,970,784,950.10 and ended it at $18,141,444,135,563.30.

When Obama took office on Jan. 20, 2009, the debt was $10,626,877,048,913.08. Since then, it has increased $7,514,567,086,650.22--which is $65,443 per household, $70,985 per full-time worker and $84,266 per full-time private-sector worker.

Jan 06 12:56

Greek Bonds Tumble As Report Sees "Decisive Victory" For Syriza

As The FT reports, forecasting group Oxford Economics says it has carried out an "in-depth" analysis of opinion polls ahead of Greece's snap general election on January 25, which shows that the radical Syriza party is on course to win a "clear mandate" to push through anti-austerity policies. Will German worry now?

Webmaster's Commentary: 

EVERYONE will worry. Syriza's majority is too large to defeat with election fraud. There may even be assassination attempts on their candidates. But when Syriza wins, Greece will follow Iceland's example and simply write off that portion of Greek debt attributable to fraud, which is about half of it. Greece may even leave the EU. And either case will start to trigger those credit default swaps, and while the bankers are in a position to deny the faults, doing so will collapse the derivatives market.

Jan 06 12:50

Russian Default Risk Surges To New 6-Year Highs As Ruble Rubble Returns

Just when you thought it was all over... Having bounced post-CBR intervention and somewhat stabilized, the re-collapse in crude oil prices and continued weakness in Russian macro data provided just the impetus for a re-plunge in the Ruble (back above 63.5/USD) and surge in Russian bond yields (back to 14%).

Jan 06 12:48

Prepare for Property Prices to Fall Globally

At the start of the New Year, there are increasing signs that the recovery seen in property prices in many cities in western countries -- namely New York and other U.S. cities, and Dublin, London and other UK cities -- is beginning to peter out.

Jan 06 10:41

Why “Freedom” Isn’t ‘Free’

Americans pride themselves on being free, but how free is a man who:

Does not own his house

Does not own his car

Owes thousands of dollars to various banks

Has to send his wife to work out of necessity, because his expenses are so high

Sends his children to public school, because he cannot afford private school

Restricts the number of children he has, because he feels he cannot afford more

Pays a huge portion of his earnings every month to his “masters”, the bankers

Jan 06 10:26

Germany, France Pushing for End to Russia Sanctions

The US is keen to keep imposing new sanctions on Russia ad infinitum, and German vice-chancellor Sigmar Gabriel warned that there are forces in the European Union who are keen to do the same to “cripple Russia.”

With the ceasefire in eastern Ukraine holding, Germany and France are both increasingly pushing back against those sanctions, however, with French President Francois Hollande calling for sanctions to be ended outright.

Jan 06 09:27

U.S. Steel lays off 614 workers, citing low oil prices

Citing the collapse in global oil prices, U.S. Steel Corp. will idle its plant in Lorain, Ohio, laying off 614 workers, a company spokeswoman said Tuesday.

The plant makes steel pipe and tube for oil-and-gas exploration and drilling. With oil prices currently around $50 a barrel, their lowest level since 2009, energy companies have far less incentive to drill for new supply, reducing demand for the plant’s products.

Jan 06 09:21

Bill swap rate fixing is a scandal in waiting

If the Australian Securities and Investments Commission can establish that big banks have featured in the manipulation of the bank bill swap rate, it could well prove to be the largest corporate scandal of 2015.

A clutch of large trading and investment banks are being investigated by the corporate regulator for colluding in order to tamper with this interest rate to generate profits estimated to be in the hundreds of millions. Details of those potentially involved are starting to dribble out into the public domain.

It is probably the tip of the iceberg.

Jan 06 09:20

Basic Truths and Consequences

Most normal individuals believe these basic truths.

We cannot borrow our way out of debt.

We cannot spend our way into prosperity.

We cannot tax ourselves into wealth.

More specific versions of these essential truths are:

We can’t fix an excessive debt problem with more debt.

We can’t support a larger and increasingly more expensive government with a decreasing work force.

Paper money always returns to its intrinsic value – zero.

Jan 06 09:17

11 Predictions Of Economic Disaster In 2015 From Top Experts All Over The Globe

#1 Bill Fleckenstein: “They are trying to make the stock market go up and drag the economy along with it. It’s not going to work. There’s going to be a big accident. When people realize that it’s all a charade, the dollar will tank, the stock market will tank, and hopefully bond markets will tank. Gold will rally in that period of time because it’s done what it’s done because people have assumed complete infallibility on the part of the central bankers.”

Jan 06 09:16

German inflation hits five-year low as eurozone prepares for QE

Consumer prices in the eurozone's largest economy rise by just 0.1pc, indicating the monetary bloc may have now fallen into outright deflation

Jan 06 08:24

Obamacare vote to test Democrats’ resolve under Republican majority

House Republicans will hold a vote this week to change Obamacare’s definition of full-time work from 30 hours a week to the traditional 40, setting up an early test to see how many Democrats are willing to buck President Obama and his signature overhaul now that they are in the minority.

It’s part of the early agenda taking shape on Capitol Hill, where the GOP in both the House and Senate is planning votes on issues that have earned bipartisan support before, but which stalled as Democrats circled wagons to protect Mr. Obama politically.

Webmaster's Commentary: 

And while they all played politics, millions of Americans' lives were ruined by Obamacare!

Jan 06 08:18

CETA should have a GMO warning label on it in Europe

Genetically modified (GM) food is more strictly regulated in the European Union than it is in Canada or the United States. The Canada-European Union Comprehensive Economic and Trade Agreement (CETA) and the United States-European Union Transatlantic Trade and Investment Partnership (TTIP) will increase the risk of GM food entering Europe.

Jan 06 07:54

#FireBoehner: Backlash Against Boehner Explodes On Social Media

Social media has exploded in opposition to Rep. John Boehner, who faces re-election as House Speaker and has profited from owning millions in stocks benefiting from Obamacare.

Webmaster's Commentary: 

Given the total flustercluck that Obamacare has turned out to be, all Americans should be warming up the tar and plucking the feathers for every politicians who supported it!

Jan 06 07:25

Oil Falls Below 50 As Global Financial Markets Begin To Unravel

On Monday, the price of oil fell below $50 for the first time since April 2009, and the Dow dropped 331 points. Meanwhile, the stock market declines over in Europe were even larger on a percentage basis, and the euro sank to a fresh nine year low on concerns that the anti-austerity Syriza party will be victorious in the upcoming election in Greece. These are precisely the kinds of things that we would expect to see happen if a global financial crash was coming in 2015.

Jan 05 19:48

Iceland to Withdraw EU Application: Prime Minister

Iceland is expected to withdraw its application to become a member of the European Union, the Reykjavik Grapevine reported Monday, citing the country's prime minister.

Webmaster's Commentary: 

That European Union isn't looking so attractive these days!

Jan 05 19:44

Is Citi The Next AIG: 70 Trillion Reasons Why Citigroup And Congress Scrambled To Pass The Swaps "Push-Out" Rule

Earlier today, when we were conducting a routine check with the Office of the Currency Comptroller's on the total notional amount of derivatives held at the Big 4 banks in the context of the "JPMorgan break up" story, we found something stunning: using the latest, just released Q3 OCC data, JPMorgan is no longer America's undisputed derivatives king. Well, it still is at the HoldCo level, where it is number one in terms of notional derivatives with $65.5 trillion, but when one steps a level lower, namely the FDIC-insured commercial bank (the National Association or N.A.) level, something quite disturbing emerges.

Jan 05 11:05

LAUGH OF THE DAY

Jan 05 10:19

Pensions of Union Workers Cut in Federal Budget

Well, there's something very radical happened that people haven't been talking about very much. Normally a budget is supposed to decide what gets funded and what doesn't get funded, and it's simply a decision of what to cut back. A budget is not supposed to rewrite the law.

But what happened is something very radical. They rewrote two laws. One of the laws was about bank derivatives that Elizabeth Warren has spoken about, promising to bail out Citibank and other banks. If they lose on derivatives, they're going to get bailed out like they did in 2008.

Jan 05 08:40

The Chinese are Coming: Beijing in the Balkans and Eastern Europe

The chatter about Beijing’s economic surge coincided well with its Balkans drive, yet another means by which the Chinese business juggernaut is seeking satiation. Chinese diplomats and figures are not strangers to the region.

Last month, Beijing exerted its already noted muscle in the southern European, Balkans region, holding discussions with Serbian counterparts on further financial involvement. The point of convergence was the Central and Eastern European-China summit, continuing last years 16+1 initiative begun in Bucharest.

Webmaster's Commentary: 

To minimize the time goods get from China and Asia to Europe will also make those goods more attractive, from a price point perspective, to potential European companies.

Jan 05 08:32

And the World Was Split in Twain

In 1991, the Cold War between the US and the USSR ended, as, economically, the USSR had run its course. Since that time, the US has had the ability to back off on armaments and to strengthen itself economically, to become even more powerful as the world’s present empire.

But, of course, that’s not what they did. Instead, they went headlong in the direction of becoming a more highly armed, more fascist state. Along the way, they became extremely reckless with their economy, following a Keynesian model that contributed to the greatest debt bubble the world has ever seen.

Jan 05 08:09

Russia's "Startling" Proposal To Europe: Dump The US, Join The Eurasian Economic Union

In other words, just as slowly, the world is starting to grasp the bottom line: it is not the financial exposure to Russia, or the threat of financial contagion should Russia suffer a major recession or worse: it is something far simpler that will lead to the biggest harm for Europe's countries. The lack of trade. Because while central banks can monetize everything, leading to an unprecedented asset bubble which if only for the time being boosts investor and consumer confidence, they can't print trade - that all important driver of growth in a globalized world long before central banks were set to monetize over $1 trillion in bonds each and every year to mask the fact that the world is deep in a global depression.

Jan 05 07:58

Shipping container home readying for Detroit debut

An unusual home taking shape inside General Motors' sprawling Detroit-Hamtramck Assembly plant is intended to be part of a movement to rebuild the city's economy and deteriorating, disappearing housing stock.

Skilled-trades workers, taking breaks from their tasks at the factory that produces the electric Chevrolet Volt and other vehicles, dart in and out to do door, window and wall installation and framing, as well as electrical and plumbing work. Meanwhile, a nonprofit urban farming group is preparing property a few miles away that will welcome the project, what's believed to be the city's first occupied shipping container homestead.

Webmaster's Commentary: 

Making life in a slave shack seem fashionable!


Shipping container home.

Plantation slave shack. Click for larger image

Because under the fascist New World Order, only BANKERS are allowed to live in large homes!

Click for larger image


Click for larger image


Click for larger image

Jan 05 07:56

Israel to ask U.S. congressmen to halt aid to Palestinians

Recently passed American legislation states that if the Palestinians initiate any action against Israel at the ICC, the State Department would have to stop American aid to the PA, which comes to some $400 million annually.

Webmaster's Commentary: 

When you allow government to take your money, then give it back on their terms, bad things happen.

Jan 05 07:55

Possible Russian Bitcoin Ban Could Start Domino Effect for Other Countries

As Russia is set to become the latest country to legally restrict virtual currencies such as Bitcoin, an investigative journalist for Bitcoinist and senior editor of the website CryptoArticles, Serge Schouterden predicts this could kick off a domino effect, prompting other countries to do the exact same thing.

Jan 05 07:44

‘Political manipulation’: Germany wants new Greek govt to obey forced administration

The German government insists it wants Greece to stay in the eurozone and isn’t drafting any contingency plans in case of ‘Grexit’. This shows Germany is adamant about keeping Greece under the domination of the 'troika', journalist Ernst Wolff told RT.

“The goal of the German government, the European Union and even the government in Athens itself is to keep Greece in the euro zone," German Vice Chancellor Sigmar Gabriel said in an interview on Sunday.

"There were no, and there are no, other plans to the contrary," he added, without directly refuting Der Spiegel’s report that a common belief in the German government was that the eurozone is stable enough to cope with potential Greece exit.

"That's why we can't be blackmailed and why we expect the Greece government, no matter who leads it, to abide by the agreements made with the EU," Gabriel added, echoing an earlier statement by a high-ranking member of German Chancellor Angela Merkel’s party, Michael Fuchs.

Webmaster's Commentary: 

So if Greece defaults on its EU debt, what is Germany going to do, INVADE?!?

I think not.

Jan 05 07:17

Greek euro exit would be ‘Lehman Brothers squared’: economist

A decision by a new Greek government to leave the eurozone would set off devastating turmoil in financial markets even worse than the collapse of Lehman Brothers in 2008, a leading international economist warned Saturday.

A Greek exit would likely spark runs on Greek banks and the country’s stock market and end with the imposition of severe capital controls, said Barry Eichengreen, an economic historian at the University of California at Berkeley. He spoke as part of a panel discussion on the euro EURUSD, -0.77% crisis at the American Economic Association’s annual meeting.

The exit would also spill into other countries as investors speculate about which might be next to leave the currency union, he said.

Webmaster's Commentary: 

The real problem here, should Greece leave the Euro, and default on their debt, there is a potential crash of credit default markets, which could well go global.

Jan 05 07:15

Hedge fund founder Thomas Gilbert shot dead in NY

US media reported that Mr Gilbert had been involved in a domestic argument.

No-one has been arrested. Police want to speak to Mr Gilbert's son in connection with the incident.

Jan 05 07:01

Russia's "Startling" Proposal To Europe: Dump The US, Join The Eurasian Economic Union

Russia has presented a startling proposal to overcome the tensions with the EU: The EU should renounce the free trade agreement with the United States TTIP and enter into a partnership with the newly established Eurasian Economic Union instead. A free trade zone with the neighbors would make more sense than a deal with the US.

It surely would, but then how will Europe feign outrage when the NSA is found to have spied yet again on its "closest trading partners?" Some more on Russia's proposal from EUobserver:

Vladimir Chizhov told EUobserver: “Our idea is to start official contacts between the EU and the EAEU as soon as possible. [German] chancellor Angela Merkel talked about this not long ago. The EU sanctions [on Russia] are not a hindrance”

Webmaster's Commentary: 

love Putin or hate him, he 20,000 chess moves ahead of the US government in presenting this proposal to Europe!!

And Europe, collectively, may well have had just enough of US governmental bullying and NSA spying to say yes to the proposal!!

Jan 05 06:52

Davos Elites Enjoys the Global Depression

When Klaus Schwab, founder and executive chairman of the World Economic Forum started the yearly pilgrimage to the inner sanctums of the Swiss Gnomes, he could hardly conceive that the ritual would turn into a celebrity bash of the super rich. The Davos venue is appropriate. Only rarified air is suitable for the global Mattoids. Billed as an assembly of business moguls, it really is more of an audition of well-heeled speculators vying for inclusion into the real power elites who make or break governments, economies and political destinies.

Using a combination of a Hollywood press agent, Madison Avenue ad firm and a media business channel the CNBC cheerleaders, the Davos clan relishes in their ill-gotten privilege and influence. The too big to fail mantra fits into the nihilism of their cult devotion of manipulated markets.

Jan 05 06:49

Young people are 'lost generation' who can no longer fix gadgets, warns professor

Young people in Britain have become a lost generation who can no longer mend gadgets and appliances because they have grown up in a disposable world, the professor giving this year’s Royal Institution Christmas lectures has warned.

Webmaster's Commentary: 

The problem isn't the kids. The problem is that modern devices are not designed to be taken apart and repaired by the customer. They are designed to be thrown away and replaced, to boost profits for the manufacturers and retailers.

Jan 04 14:47

BITCOIN CRASHING: Breaks Under $300

Bitcoin is continuing its collapse at the start of the New Year. YTD Bitcoin is already down an additional 86.3% to $286.73.

Webmaster's Commentary: 

Crashing? Or under attack?

Jan 04 11:25

Gun Control Is Here: Guns Permanently Confiscated After Veteran Got Treatment For Insomnia

For those who have always believed that it can’t happen here, think again, because it IS happening, and things are only going to get worse as data surveillance becomes a way of life.

Gun confiscation at the hands of medical records sharing is now officially a reality, with serious consequences for the individuals involved.

Now, under ObamaCare, the United States is on pace to swiftly become a snitch society that would make East Germany and Soviet Russia blush.

Jan 04 11:15

2015 Will Be Worse For Obamacare Than Its 2014 Debut As A Result Of New Burdens The White House Is Saddling Onto Insurers

An ominous and largely ignored outcome of Obamacare’s failed launch is that the large insurers have not signed up to offer health plans on the state exchanges.

The nation’s big insurers have mainly sat out of the program, even after a reported browbeating from the White House.

The reason is simple. Offering plans on the exchanges is a bad business deal.

Webmaster's Commentary: 

Jan 04 10:19

BEX ALERT - Why the US Will Power the World Economy in 2015

Webmaster's Commentary: 

The only way the US will power the world economy is by bombing anyone using a currency that is stronger than the dollar!

Jan 04 09:19

Germany warns against tougher sanctions on Russia

Germany's deputy chancellor, Sigmar Gabriel, has warned against destabilizing Russia through too severe sanctions over the Ukraine crisis. He said an unstable Russia would pose a danger to all of Europe.

Webmaster's Commentary: 

"That is a small price to pay to GET THOSE @#$%ING ROOSKIES!!!!" -- Official White Horse Souse

Jan 04 08:27

Millions of Obamacare subsidy recipients may need to pay back-taxes.

The problem for Democrats is not exactly this: “As many as 3.4 million people who received Obamacare subsidies may owe refunds to the federal government, according to an estimate by a tax preparation firm… H&R Block is estimating that as many as half of the 6.8 million people who received insurance premium subsidies under the Affordable Care Act benefited from subsidies that were too large, the Wall Street Journal reported Thursday.” Although it’s definitely going to be a problem: ‘several million people suddenly discovering that they now owe back taxes to the government over Obamacare’ is not exactly a good scenario, especially if you belong to the political party that set that scenario up in the first place.

Jan 04 08:16

A New IRS Horror Story That Makes Past Scandals Pale In Comparison

The practice has resulted in emptying the bank account of an innocent restaurant owner and an army sergeant in Virginia who was saving money for his daughter’s college education.

Then there was the retail business whose insurance only covered $10,000 in the event of a lost or stolen sum of money. As a result, the owner, who was cautious about keeping too much cash on site, was careful to send employees to make bank deposits throughout the day in amounts less than $10,000 so he could rely on his insurance policy.

In each of these cases, and many others, the IRS, without notice or so much as a criminal complaint or indictment, swooped in and emptied the bank accounts of these completely legitimate people and businesses.

Webmaster's Commentary: 

The United States had abandoned the principle of innocent until proven guilty and returned to the Napoleonic Code, in which one is presumed guilty until innocence can be proven.

Jan 03 11:07

ObamaCare fines rising in 2015, IRS prepares to collect

Don't have health insurance? Get ready to pay up.

The ObamaCare-mandated fines for not having insurance are rising in 2015 -- and for the first time, will be collected by the Internal Revenue Service.

Jan 03 11:04

FDIC report on Americans not using banks

Jan 03 11:01

Russia Is Building a Train That Will Zip From Moscow to Beijing In Just 48 Hours

Russia plans to build a new high speed railway, with trains that would speed from Moscow to Beijing in just 48 hours. At the moment, it takes about seven days to commute between the two cities and the route requires changes. According to Romanian website Glasul, the Kremlin has awarded the project to China Railway High-speed (CRH), a subsidiary of the state-controlled China Railway (CR), which is working in a joint-venture with the local firm Uralvagonzavod. CR is famous in the train industry for operating the world's only magnetic levitation train in an urban area, the Shangai monorail.

Jan 03 08:29

How Financial Looters Are Destroying Your 401(k) in a Fraction of a Second | Brainwash Update

Jan 03 08:03

USA instructs Russian Central Bank how to strangle Russian economy

"In other words, Russia is not even a ruble country de jure. Russia is a dollar country. The Russian ruble takes a small share in the country. The whole segment of investment is based on dollars and euros. The Constitution protects that, and the Central Bank of the country should keep the rate. Now, we have the situation when the Central Bank does not abide by the Constitution, because it raised the key rate and reduced the ruble rate. From the point of view of the Constitution, the Central Bank is obliged to keep the rate. The Central Bank violated the Constitution and Putin's numerous instructions, but it was an absolutely logical move. The charter of the Central Bank does not contain a word about the Russian economy. It should not support the Russian economy. The law says that the Central Bank is governed by international agreements. The bank signs agreements that the Ministry of Justice does not even register. The administration of the Russian Central Bank is based outside Russia.

Jan 03 07:58

White House announces sanctions against N. Korea

US President Barack Obama signed an executive order on Friday authorizing the imposition of new sanctions against certain North Korean entities in the wake of the recent Sony hack the White House continues to blame on Pyongyang.

Webmaster's Commentary: 

There is zero evidence that north Korea had anything to do with the SONY hack and quite a bit of evidence it was an internal hack by a disgruntled employee. This is Obama's version of Saddam's nuclear weapons; a made up threat to provoke another nation into war.

Jan 02 09:36

Why is it Illegal to Buy Food From Your Neighbors?

Virginians who try to sell homemade food from their kitchens are feeling the heat from state and local inspectors.

“I have to turn down my neighbors when they ask if they can buy pesto I make from my own basil plants,” says Bernadette Barber, a farmer in Lancaster, Va.
And this isn’t just a rural phenomenon.

In Arlington, government inspectors shut down a home-based soup maker, even though no customer complaints had been registered. Others have encountered similar fates, stripping them of needed income.

Webmaster's Commentary: 
Jan 02 07:47

"Audit The Fed" Bill Gains Momentum, Yellen Starts Damage Control

After years of being blocked by Democratic leader Harry Reid, The Washington Times reports, the Senate will finally get a chance next year to vote on legislation to force a broad audit of the Federal Reserve's decision-making. Ron Paul's flagship legislative efforts have been picked up by his son and now has the backing of the leader of the new Republican majority, Sen. Mitch McConnell, whose office says the legislation will earn a floor vote. While the bill is not a sure thing, it appears to have The Fed worried as Reuters reports, Yellen and other Fed officials are lobbying Capitol Hill to drop the audit push.

As The Washington Times reports,

After years of being blocked by Democratic leader Harry Reid, the Senate will finally get a chance next year to vote on legislation to force a broad audit of the Federal Reserve's decision-making.

Webmaster's Commentary: 

If everything at the Federal Reserve is done open and above board, then Yellen should have no fear of an audit.

But because the Federal Reserve is no more "federal" than the Federal Express, what are the odds that monetary policies are made on the basis of what is going to line the pockets of executives of this bank, rather than create financial opportunities for hard working individuals in this country?!? I frankly would not bet against that.

Right now, money in this country is a loan at interest rather than a public utility.

And did you know that the Federal Reserve pays absolutely no taxes?!?

Jan 01 15:07

IMF suspends financial aid to Greece

The International Monetary Fund has said it is suspending financial aid to Greece under its huge rescue program until a new government is formed.

Jan 01 12:37

Guest Post: 2014 - A Russian Viewpoint

By any measure 2014 has been a truly historic year which saw huge, I would say, even tectonic developments. This year ends in very high instability, and the future looks hard to guess. I don't think that anybody can confidently predict what might happen next year. So what I propose to do today is something far more modest. I want to look into some of the key events of 2014 and think of them as vectors with a specific direction and magnitude. I want to look in which direction a number of key actors (countries) "moved" this year and with what degree of intensity. Then I want to see whether it is likely that they will change course or determination. Then adding up all the "vectors" of these key actors (countries) I want to make a calculation and see what resulting vector we will obtain for the next year.

Webmaster's Commentary: 

This is a very long post, but well worth the read.

The bottom line here is that both Russia and the US/NATO military and political leaders are preparing for war over the rebellious provinces of Eastern Ukraine.

The big question is just how such a war will play out, with US/NATO fighting with the Ukrainian military, and Russia fighting to protect those Eastern rebellious provinces.

Jan 01 11:04

It Doesn’t Look Like Much From The Outside, But Wait Until You See The Inside!

Including appliances, the cost to build the home was only a little more than $30,000. Feeling inspired? The Morrisons have a free e-course that teaches others how to build their own tiny home. They know that less is more, and a lot more people are learning that too.

Webmaster's Commentary: 

Making life in a slave shack seem fashionable!

Plantation slave shack. Click for larger image

Because under the fascist New World Order, only BANKERS are allowed to live in large homes!

Click for larger image


Click for larger image


Click for larger image

Jan 01 08:05

It's a very Happy New year for Goldman fat cats! Bank accused of 'breathtaking arrogance' after handing 121 UK staff payouts totalling £370million

One of the world’s biggest banks was accused of breathtaking arrogance yesterday for handing a £367m pay bonanza to its London staff.

The staggering sum is being shared out among 121 Goldman Sachs bosses and traders – at an average of £3million a head.

Campaigners said the payouts were obscene and accused the Wall Street bank of ‘sneaking the details out while no one is watching’.

Jan 01 07:56

2014 in review: The wow and weird moments in business

2014 was a weird financial year. Oil hit a record high and low, economic war erupted over Ukraine, bankers found new tricks to cheat, China's role significantly increased, and while the US pulled itself out of recession, Europe looks poised to re-enter.

Jan 01 07:55

US lifts 40-year ban on oil exports

The US has decided to lift a ban on crude oil exports introduced in the 1970’s. The Obama administration is allowing several companies to start exporting raw materials beginning next August.

The US Commerce Department’s Bureau of Industry and Security (BIS) has authorized several energy companies to export so-called ultra-light oil, as stocks in the United States have increased following the development of shale deposits. Supplies can start as early as August, although initial volumes are likely be small.

Jan 01 07:55

‘Caught in dragnet’: Innocent charities lose millions due to anti-terror laws

British charities working in conflict zones are being cut off from millions of pounds worth of funding due to counter-terrorism legislation, a report published on Wednesday suggests.

The paper, produced by the Demos think tank, shows that a wide range of charities, especially those operating in the Middle East, have been affected as major banks continue to shut down bank accounts they believe might be linked to funding terrorist activity.

“Certain users of the banking system deemed to be high risk have found it ever harder to receive, send and store their money,” said the Royal United Services Institute’s (RUSI) director for financial crime and security studies, Tom Keatinge, who authored the report.

“In the worst cases they have had their bank accounts closed, losing financial access.”

Jan 01 07:54

Police dismantle soup kitchen for London homeless, evict activists

In a statement Tuesday afternoon, the group, who call themselves the “Love Activists,” said that the situation facing the homeless in central London has hit crisis point. Services to help the homeless in the area are woefully inadequate, they argued, with all dedicated centers due to remain closed until January 3.

Jan 01 07:51

Venezuela plunges into recession with record inflation

Venezuela's economy has entered a recession with the economy contracting 2.3 percent in the third quarter and the highest inflation in the Americas at 63.6 percent.

Webmaster's Commentary: 

Another victim of Obama's oil price war with Russia!

Jan 01 07:48

State Departments of Agriculture are Attempting to Regulate Seed Banks Out of Existence

Last year, Pennsylvania Department of Agriculture officials sent ‘a friendly letter’ to a seed bank/seed exchange group in Mechanicsburg, telling them they need to test every variety of seed with extremely impractical and pointless tests to ensure that they are up to standards with regulations.

‘Agri-Terrorism’ was cited by officials as a reason why such regulations should be enforced on something as natural as the right to exchange and possess seeds.

Jan 01 07:45

Congress poised in 2015 to order audit of Federal Reserve long sought by Ron Paul

After years of being blocked by Democratic leader Harry Reid, the Senate will finally get a chance next year to vote on legislation to force a broad audit of the Federal Reserve’s decision-making.

Once championed in Congress by former Rep. Ron Paul, the push to force the country’s central bank to undergo a full audit has been picked up by his son, Sen. Rand Paul, and others, and has the backing of the leader of the new Republican majority, Sen. Mitch McConnell, Kentucky Republican, whose office says the legislation will earn a floor vote.

Webmaster's Commentary: 

"Sorry, that data was being kept on Lois Lerner's hard drive!" -- FED Chairwoman Yelling

Dec 31 13:25

$162M Michigan state budget shortfall forecast

Some bad news could welcome lawmakers back from Christmas break: A projected $162 million shortfall in the state budget.

A preliminary forecast out this week from the state Senate Fiscal Agency says income throughout the fiscal year that began Oct. 1 will be $212.2 million less than officials estimated in May. Lawmakers used the spring forecast to develop the current budget.

Based on approved general-fund spending, income would fall short and lawmakers would have to cover the gap "by a shift of revenue from other fund sources or reduced spending," the report says.

Dec 31 13:17

Upcoming 2015 year will be all about further moves towards the integration of Eurasia as the US is progressively squeezed out of Eurasia, Pepe Escobar believes.

Fasten your seat belts; 2015 will be a whirlwind pitting China, Russia and Iran against what I have described as the Empire of Chaos.

So yes – it will be all about further moves towards the integration of Eurasia as the US is progressively squeezed out of Eurasia. We will see a complex geostrategic interplay progressively undermining the hegemony of the US dollar as a reserve currency and, most of all, the petrodollar.

Webmaster's Commentary: 

China, Russia, and Iran are all thinking long-term progress.

The US government can barely think past the next election.

Dec 31 13:02

Detroit bankruptcy fees top $170M

Lawyers and restructuring consultants charged the city $170.2 million in fees and expenses during Detroit's landmark bankruptcy case, city officials disclosed on Tuesday.

Dec 31 12:54

Why Is The Fed Hiring An "Emergency Preparedness Specialist Familiar With DHS Directives"

A few weeks ago, we reported that for some still unexplained reason, the US Treasury is ordering "survival kits" to its employees overseeing the federal banking system.

We still don't know why. But what makes things even more surprising, and confusing, is that two days before the survival kit RFP soliciation became public on December 4, 2014, a just as curious notice was blasted by the Fed's recruiting Twitter account:

So the Fed is hiring not just any "emergency preparedness specialist" but one familiar with DHS directives?

#Hiring an emergency preparedness specialist familiar w/ Department of Homeland Security directives. #Job ID:10185 http://go.usa.gov/6rpx

The only question is why does the Fed - a uniformly safe institution, where economists engage in deep contemplation and decide how much of the US deficit they will monetize - need a person with these qualifications?

Webmaster's Commentary: 

The only thing which makes sense to me is that the Fed believes, based on some very critical realities, that there is going to be some massive financial and social disruption in the US in 2015.

Folks, I know I sound like a chipped CD on this one, but if the Fed is preparing for a massive financial and social disruption here at home, you had darned well better be preparing for it as well.

Please make sure you have potable water, some kind of filtration, storable food and a means to cook things if power goes off. If you, or the people you care about are on medication, please make sure you have extra medication for yourself, and your loved ones. Buy small amounts of gold and silver, and do not put any more money in the bank than just what you need to pay your bills. Figure out what skills and services you can barter if the US currency crashes completely, and becomes worthless. Have a bug out plan, if you need to leave, and make sure you know how to get your children released from school, if you need to.

Preparing never hurts; when things go haywire, it is the preparing that can keep you and your family alive in the middle of any kind of a disaster.

Dec 31 12:21

Big Banks Conspire with Giant Oil Company to Manipulate Currency Markets

Bloomberg reports this week:

With revenue of almost $400 billion last year and operations in about 80 countries, BP trades large quantities of currency each day. Traders at the company regularly received valuable information from counterparts at some of the world’s biggest banks — including tips about forthcoming trades, details of confidential client business and discussions of stop-losses, the trigger points for a flurry of buying or selling — according to four traders with direct knowledge of the practice.

Dec 31 11:49

US Allocates a Whopping $65 Million for New Guantanamo School

The base with the most expensive prison on earth is getting one of the world's priciest schools -- a $65 million building with classroom space for, at most, 275 kindergarten through high school students.

Dec 31 09:46

U.S. Easing of Oil Exports Challenges OPEC's Strategy

The Obama administration’s move to allow exports of ultralight crude without government approval may encourage shale drilling and thwart Saudi Arabia’s strategy to curb U.S. output, further weakening oil markets, according to Citigroup Inc.

Dec 31 09:45

1000% Inflation in Venezuela?

Venezuela President Nicolas Maduro, set to announce a new currency system today, needs to devalue the bolivar or risk inflation passing 1,000 percent as soon as next year, according to Bank of America Corp.

Under the current system, Venezuela’s overvalued bolivar means that the government effectively sells the dollars it gets from oil exports at a discount, compelling policy makers to print extra currency to cover domestic spending needs. Currency controls that limit Venezuelans’ access to dollars have spawned a black market in which the greenback fetches 172 bolivars, compared with officially sanctioned exchange rates that range from 6.3 to about 50 bolivars per dollar.

Webmaster's Commentary: 

Russia is not the only country hit by a downward spiral or oil prices!

Dec 31 09:41

Some businesses use part-time to meet health law

Many businesses in low-wage industries have hired more part-time workers and cut the hours of full-timers recently to soften the impact of new health law requirements that take effect Thursday, some consultants say.

Dec 31 09:41

Greenspan Throws a Wet Blanket on Hopes for Growth Breakout

Just when you thought the U.S. economy was roaring back to health, Former Federal Reserve Chairman Alan Greenspan is here to tell you otherwise.

Dec 31 09:39

Obama Says He Is Improving the World

U.S. President Barack Obama said in a December 30th Oval Office interview with Steve Inskeep of National Public Radio, that, “wherever we have been involved over the last several years, I think the outcome has been better because of American leadership.” This statement from him was part of his answer when Inskeep asked whether the President had regrets about “overthrowing the Gaddafi regime” in Libya.

Obama answered:

“We are hugely influential; we’re the one indispensable nation. But when it comes to nation-building, when it comes to what is going to be a generational project in a place like Libya or a place like Syria or a place like Iraq, we can help, but we can’t do it for them.” In other words: the Libyan people failed, and the Syrian people failed, and the Iraqi people failed, according to America’s President — but he himself and his predecessor Bush did not fail by bombing those countries under false pretenses as they did.

Webmaster's Commentary: 

There is only a one word characterization of Obama's state of mind, upon making these statements: delusional!!!

And unfortunately, even invoking the 25th Amendment to the Constitution, which states that a President can be removed for physical or mental disabilities, the US government would be left with...President Biden for at least two years.

Dec 31 08:38

The Great Unraveling of 2015

For the record, a major, global, financial collapse is now underway. It's not impending; it's here. Forget about the "happy talk" propaganda from the USSA government and the lame stream news media in the Western countries. When you understand that at least 80% of humanity lives on less than $10 a day the dire living conditions of the great mass of humanity come into sharp focus. The situation is already very bad for most human beings on this planet. The crisis is highly likely to enter an even more acute phase this year, fraught with peril for many millions of people, after which the global economy will either begin to improve for the great mass of humanity, or the present so-called "global civilization" will be rocked to its very core, and may even outright collapse. We should know which way the trend will tend by this time next year.

Dec 31 07:37

Maduro blames plunging oil prices on U.S. 'war' vs Russia, Venezuela

Venezuela's petroleum export price has plunged by half during the second half of 2014 to $48, President Nicolas Maduro said on Monday in denouncing a U.S.-led "war" against Russia and his nation in the global oil market

The South American OPEC nation's crude trades at a discount to the U.S. and Brent benchmarks because of its higher content of heavy oil.

Average monthly prices for oil, a product that accounts for 96 percent of Venezuela's hard currency revenue, have dropped steadily since July, when it was at $96.14 per barrel.

Venezuela enjoyed average prices of $103.42 per barrel in 2012 and $98.08 in 2013.

Giving the latest figure for Monday, Maduro repeated his socialist government's accusations that the plunge in oil was a U.S.-planned conspiracy primarily intended to harm Russia.

Dec 31 07:16

Greek PM dissolves parliament ahead of snap elections

If I had any say with the Arab oil-producing nations, I would tell them to all start selling their oil for currencies other than the dollar at once and start pulling their money out of the US financial system as fast as possible.

Dec 31 06:53

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

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

Dec 30 13:37

Fight is ON: Utah issues Dec 31 deadline to feds

Dec 30 11:34

Russia, Japan likely to cooperate in creating Eurasian Economic Corridor

Russia and Japan have perfect chances to take their cooperation in eastern Siberia and the Far East to a new level in 2015 if they set up the so-called Eurasian corridor, MP Yukio Hatoyama, an important figure in the ruling Liberal Democratic Party, said in an interview with TASS on Tuesday.

“This concept is very topical in spite of all the current difficulties,” said Hatoyama who has more than once occupied important governmental positions throughout his political career.

He is president of the Japan-Russia Society, which unites the activists of different political forces, as well as large and medium-sized businesses.

Webmaster's Commentary: 

IF realized, this could offer tremendous economic benefits to both countries.

Dec 30 11:29

Ukraine in ‘full-blown financial crisis’ – National Bank head

Ukraine's GDP shrank by 7.5 percent from January till November 2014, as foreign exchange reserves fell to their lowest level since 2009, and inflation jumped to 21 percent by November, admits the head of the Ukraine's National Bank, Valeriya Gontareva.

The country's foreign exchange reserves shrank to $9.9 billion, as Kiev gave Naftogaz an estimated $8.6 billion to buy gas and settle state guaranteed Eurobonds. $3.1 billion went to settle the debt with Russia's Gazprom, Gontareva explained.

READ MORE: $300,000 in gold missing from Ukraine Central Bank after swapped for lead bricks

The conflict over Russia's reunification with Crimea has killed more than 4,700 people has also killed the economy.

Webmaster's Commentary: 

Ukraine's options, fiscally, are very limited.

If there is not an infusion of cash very soon, the entire government may well collapse of its own weight.

The ECB doesn't appear to be too enthusiastic about coming up with more money quickly, and the US government is, for all intents and purposes, broke as well..

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