ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Aug 03 08:18

Flashback: Enemies are necessary for the wheels of the US military machine to turn - Former CIA officer John Stockwell

John R. Stockwell is a former CIA officer who became a critic of United States government policies after serving in the Agency for thirteen years serving seven tours of duty. After managing U.S. involvement in the Angolan Civil War as Chief of the Angola Task Force during its 1975 covert operations, he resigned and wrote In Search of Enemies, a book which remains the only detailed, insider's account of a major CIA "covert action."

Aug 03 08:12

Fitch Sees $3.8 Trillion Of Losses For "Investment-Grade" Sovereign Bond Investors

In an article posted today, Fitch agreed finding that a reversion of rates to 2011 levels for $37.7 trillion worth of investment-grade sovereign bonds could drive market losses of as much as $3.8 trillion. Fitch noted that unconventional monetary policies in Japan, Europe and the US, together with a surge in investor demand for safe assets, pushed sovereign yields to new lows in 2016, with $11.5 trillion in sovereign securities trading at a negative yield as of July 15. An analysis of yields by maturity pointed out that the long-end of the curve has contracted by ~250bps over the past 5 years.

Aug 03 08:09

The “Anti-Hillary Economy” is Booming . . .

Hillary is creating jobs too. Don't forget the paid Hillary propagandists and protestors!

Aug 03 07:33

Bitcoin price plummets after exchange loses $65 million to hackers

The price of the virtual currency bitcoin fell sharply Tuesday after Hong Kong-based digital-currency exchange Bitfinex said it was hacked, resulting in the possible theft of $65 million worth of bitcoin.

Aug 03 06:41

THE BILLIONAIRE BOYS CLUB vs DONALD TRUMP

The Billionaire Boys Club (which has some girls in it too!) have always sought to bend the raw power of government in order to get subsidies, favors, bailouts, cheap financing, stock manipulation, bad trade deals, corporate welfare, inside information, cheap immigrant labor, unlimited outsourcing and, most of all, a means to beat down their smaller competitors with excessive regulations that the big boys are able to afford, but the upstarts cannot.

In return, preferred career politicians like the Bushes and the Clintons are showered with financial support from the Billionaire Boys Club; and are also given favorable publicity by their wholly-owned TV talking heads and kept university "intellectuals". Together, they all work for a New World Order -- a nightmarish criminal world in which the taxed-to-death and indebted-to-death "human resources" toil in perpetuity for whatever crumbs the fatted Billionaire Boys Club and their underlings drop off of their Globalist dinner table.

Aug 02 20:37

Central Bankers are Driving Us All Into the Dirt - The Great Unwind has started.

Global corporate debt now sits at a record $51 trillion and is poised to hit $75 trillion by 2020 – just four years away. If interest rates rise and the economy slows, it will be very hard for companies to roll these bonds over

Aug 02 19:06

EU demands Britain pays pensions of 1,730 Eurocrats in wake of Brexit vote

Brussels has estimated its pensions liability at €60 billion (£50.7 billion) for all retired and current officials, with annual payments currently at about €1.4 billion (£1.2 billion).

Some 1,730 Britons currently make up almost 8 per cent of the 22,000 retired EU officials.

The UK insists it cannot be held responsible for Eurocrat pensions which, it says, are the responsibility of EU institutions.

But EU officials say Britain would be expected to pay its part of the EU's pension promises when it finally quits the EU.

Aug 02 17:06

YAY SOCIALISM! Venezuela in Ruins: 12-Hour Food Lines… (Where flour, pasta and milk can cost a month’s pay)

“There’s some food on sale but most people can’t afford to buy it. Venezuela has the highest inflation in the world and it’s hitting the poor the hardest."

Aug 02 16:00

Active Managers Move All In On Stocks

Aug 02 15:33

Home Ownership In UK Falls To Lowest Level Since 1986: Study

The United Kingdom is facing a nationwide housing crisis as rising property prices have cut ownership rate to its lowest level in 30 years, according to a new study.

Aug 02 14:46

Is the Housing Market Collapsing?

Aug 02 13:02

Americans Are Going to be Disappointed in Election Outcome — Ron Paul

Clinton does not understand that a policy of endless interventionism has brought us to our knees and made us far weaker. Does she really expect us to be the policemen of the world with $20 trillion in debt? Likewise, Republican candidate Donald Trump misses the point. He promises to bring back jobs to America without any understanding of the policies that led to their departure in the first place. Yes, he is correct that the middle class is in worse shape than when Obama took office, but not once did he mention how it happened: the destructive policies of the Federal Reserve. The financing of our warfare/welfare state through the printing of phony money. Distorted interest rates that encourage consumption and discourage saving and investment.

Aug 02 12:55

Crashing Oil Prices Threaten To Destroy Already Fragile Economy: “More Job Loss, Debt Defaults”

This wasn’t supposed to happen. The price of oil was supposed to start going back up, and this would have brought much needed relief to economically-depressed areas of North America that are heavily dependent on the energy industry. Instead, the price of oil is crashing again, and that is really bad news for a U.S. economy that is already mired in the worst “recovery” since 1949. On Monday, U.S. oil was down almost four percent, and for a brief time it actually fell below 40 dollars a barrel. Overall, the price of oil has fallen a staggering 21 percent since June 8th. In less than two months, the “oil rally” that so many were pinning their hopes on has been totally wiped out, and if the price of oil continues to stay this low it is going to have very seriously implications for our economy moving forward.

Aug 02 12:50

European Bank Bloodbath Destroys Stress Test Credibility

If the goal of the EBA Stress Tests was to reassure investors and regain confidence that 'all is well' in Europe's increasingly fragile and systemically interconnected banking system, then it has utterly failed. The broadest European bank stock index is now down 7% from the post-stress-test spike highs, Italian banks are at record lows and being halted (despite Renzi's promises), Commerzbank is struggling with capital raise chatter, and Deutsche Bank and Credit Suisse are tumbling after being booted from the Stoxx 50.

Aug 02 12:45

Why Seven Million Student Loan Defaulters Are In A Standoff With Uncle Sam

As the 2016 election cycle heats up, we suspect the debate over student loan forgiveness will become an ever bigger issue with the Hillary camp looking to woo young voters that aren't quite as "enthusiastic" about her Presidency as they were about Obama's. We also suspect that students, helpless "victims" of predatory lenders looking to give them $200,000 to pursue their dreams of becoming anthropologists while consuming copious amount of free beer at frat parties, will grow increasingly vocal in asking why the Nanny State would have given them so much money to pursue non-existent "careers".

To put the student loan issue into perspective, there is roughly $1.3 trillion of student loans outstanding to 43 mm Americans, an average balance of $30k per student. Roughly 16% of borrowers are currently in long-term default with outstanding balances totaling $125 billion, or an average balance of $18k per student.

Webmaster's Commentary: 

I am sorry, but when you are going to school, you have to do your own due dilligence about what jobs will be out there by the time you graduate, and figure out your financial risks accordingly.

And that has to be a student's personal responsibility, period, end of discussion.

And the reality right now is, not all well-paying jobs necessitate a college degree, but more specialized training.

I have a double major in music and theatre, which both don't sound like the most practical of degrees; however, I became a published musician, and use my theatre background every day in the marketing I do; it was definitely a skill I was able to hone, and use successfully on the phones.

And for people with the "I'm not going to pay a penny back" attitude; the Federal government will come back at you with a vengeance, destroy your credit, and assign the debt for collection with the most thuggish and outrageous collection agencies they can find; they will make your life a living hell.

When you are looking at a college, you might want to look at a credible, not for profit school, which offers a combination of campus and on-line classes, like Southern New Hampshire University, which has an excellent reputation, and a lot of respect.

They also have very low-cost tuition, which is an absolute blessing.

"Know before you go" is absolutely mandatory, in terms of what degrees are going to be in high demand by the time you graduate, and what the terms and conditions are of your Federal student loans, to get you where you want to go.

Aug 02 12:15

Banking Cartels Are Sending Europe Into Collapse

Unequivocally, the rubber is hitting the road NOW! So much so, I believe “last to go” markets are in danger of being overwhelmed by the chaotically scrambling, Keystone Kop-like, terminally cancerous “powers that be.”

Aug 02 11:40

Looking for Yield in All the Wrong Places

Aug 02 11:14

Former CEO of Italian regional bank under house arrest

Police have arrested the former CEO of Italian regional lender Veneto Banca and seized millions in cash, shares and property as part of an investigation into an alleged scheme to conceal the bank's financial problems.

Financial police said Tuesday that prosecutors in Rome are investigating the allegations of market rigging and interfering with regulatory authorities dating from 2013-2014.

The regional lender's former CEO, Vincenzo Consoli, has been placed under house arrest. Police also searched the homes of 14 others under investigation.

Aug 02 10:57

The Clinton Foundation, State and Kremlin Connections

Russians tied to Skolkovo also flowed funds to the Clinton Foundation. Andrey Vavilov, the chairman of SuperOx, which is part of Skolkovo’s nuclear-research cluster, donated between $10,000 and $25,000 (donations are reported in ranges, not exact amounts) to the Clinton’s family charity. Skolkovo Foundation chief and billionaire Putin confidant Viktor Vekselberg also gave to the Clinton Foundation through his company, Renova Group.

Amid all the sloshing of Russia rubles and American dollars, however, the state-of-the-art technological research coming out of Skolkovo raised alarms among U.S. military experts and federal law-enforcement officials. Research conducted in 2012 on Skolkovo by the U.S. Army Foreign Military Studies Program at Fort Leavenworth declared that the purpose of Skolkovo was to serve as a “vehicle for world-wide technology transfer to Russia in the areas of information technology, biomedicine, energy, satellite and space technology, and nuclear technology.”

Webmaster's Commentary: 

So, under Clinton's watch, and with her Clinton Foundation coffers exploding at the seams with Russian and US "pay for play" money, she is responsible for dual use technology and possibly US sensitive or classified research getting into Russia's hands, in what can only be characterised at "Russiagate"?!?

John Podesta made a fortune out of his participation here as well. As reported yesterday at breitbart.com:

Hillary Clinton’s campaign chairman John Podesta sat on the board of a small energy company alongside Russian officials that received $35 million from a Putin-connected Russian government fund, a relationship Podesta failed to fully disclose on his federal financial disclosures as required by law.

But of course, for Clinton and her cabal, US laws are only obstacles to be flouted and overcome; never observed, save in the breach of them.

Aug 02 10:36

US State Dept employee confirms GMO golden rice is Trojan Horse crop

Companies that own patents on golden rice would be willing to make golden rice available at no cost if the countries involved would be willing to adopt US patent regimens to protect other GMO crops

EXCERPT: A couple of years ago we met with an employee of the US State Department who sat down to talk to us about the benefits of GMO crops for farmers and consumers in the Global South. We asked about whether or not farmers would have to pay a technology fee and purchase the Golden Rice seed each year. He said the companies that own the patents would be willing to make the Golden Rice and virus-resistant cassava available at no cost if the countries involved would be willing to adopt US patent regimens to protect other GMO crops. From a policy perspective, that raises the question of whether these crops are being developed as a humanitarian gesture or a means to ensure the profits of the companies who hold the patents.

Aug 02 09:34

Shock Poll Proves Americans Overwhelmingly Demand: “Reduce Immigration and Improve Jobs”

Immigration is more than a touchy subject, and discussing it is often clouded by sentiment and disinformation. But a new poll makes clear that Americans have had enough of the unlimited swarm of immigration, at least in terms of its impact on American jobs.

The poll, conducted by Gravis Marketing, shows overwhelming opposition to increased immigration – a sticking point that impacts Americans across the board, regardless of all the race baiting the system tries to foster to keep people divided.

The bottom line is that mass immigration affects ALL Americans. Black. White. Hispanic. Democrat. Republican, and everyone else.

And it is a potent issue that Donald Trump could take up and ride all the way to the White House – particularly if voters see the issue in the stark terms that the poll lays out.

Aug 02 08:36

The Burrito Index: Consumer Prices Have Soared 160% Since 2001

In our household, we measure inflation with the "Burrito Index": How much has the cost of a regular burrito at our favorite taco truck gone up?

Since we keep detailed records of expenses (a necessity if you’re a self-employed free-lance writer), I can track the real-world inflation of the Burrito Index with great accuracy: the cost of a regular burrito from our local taco truck has gone up from $2.50 in 2001 to $5 in 2010 to $6.50 in 2016.

That’s a $160% increase since 2001; 15 years in which the official inflation rate reports that what $1 bought in 2001 can supposedly be bought with $1.35 today.

Webmaster's Commentary: 

Big news flash; the government is still lying about the economy.

Aug 02 08:18

The European Revolt Against The Neoliberal EU

Catarina Principe, co-editor of Europe in Revolt, discusses the struggle against austerity in Portugal.

Aug 02 08:10

A Trader's Angry Rant "Economic Numbers Don’t Mean Anything Anymore"

No one understands the numbers so numbers don’t mean anything. But that’s how we’re meant to measure the economy and make investment decisions They need to spend more time trying to understand why no one “gets” the economy than where they hope its going. Finger-crossing shouldn’t be an input to an econometric model.

Aug 02 07:49

Inflation Hidden in Plain Sight

Aug 02 07:31

Helicopter money: Are central banks edging closer to dropping cash from the sky?

The Bank of England is expected to cut interest rates from already historic lows this week as it prepares to avoid a recession following the UK's decision to leave the European Union (EU). The governor Mark Carney surprised many economists last month by not cutting interest rates, but on Thursday a rate cut to 0.25% is regarded as a near certainty, and possibly a renewed round of money printing.

Aug 02 07:02

UK balks last minute at Hinkley Point nuclear deal with China, Beijing decries ‘suspicious approach’

Theresa May's government has backtracked just hours before signing a deal for a China-backed nuclear power station. Beijing state media says the UK is acting irrationally by delaying the project, jeopardizing the hard-won ‘Golden Era’ of China-UK ties.

Aug 02 07:01

Rothschild Bank Now Under Criminal Investigation After Baron David De Rothschild Indictment

While news of a single Rothschild being indicted is certainly noteworthy, a particularly important announcement was made this Friday.

The French government announced that it has launched an investigation into the entire Swiss branch of the Rothschild’s banking empire.

Aug 02 00:28

Student-Loan Defaulters in Standoff With Government

The Osbornes say they are the victims of a for-profit school that made false promises and a predatory lender—the government. “Do you think I’m going to give them one penny I’m making to pay back the loan for a job I’m never going to hold?” said Mr. Osborne, 45 years old, who studied to be a health-care worker but can’t find a job as one. The rising number of borrowers in default weakens the economy as underwater homeowners did after the housing crash: by damaged credit, an inability to spend and save for the future, and a lack of resources to move to better jobs.

Aug 01 21:02

The next banking crisis is coming

Aug 01 20:35

Verizon Buys Yahoo For Under $5 Billion

Yahoo, which was once worth $125 billion, sold its core operating business for $4.8 billion in what Brian Solomon from Forbes described as, “the saddest $5 billion deal in tech history.”

Aug 01 16:05

Gold Price Soars as Asian Demand Plummets

Aug 01 15:58

The Deep State

I’d like to address some aspects of the Greater Depression in this essay.

I’m here to tell you that the inevitable became a reality in 2008. We’ve had an interlude over the last few years financed by trillions of new currency units.

Aug 01 15:20

Poverty Costs UK Taxpayers Billions Annually: Report

The British government is spending billions in tax money to reduce the impacts of poverty across the country, a new report shows.

Aug 01 15:04

GOP, Dems Controlled By Predatory Banks, War Profiteers: Green Party Nominee

US Green Party presidential nominee Dr. Jill Stein has said that both the Republican and Democratic Parties are controlled by predatory banks, fossil fuel giants, insurance companies and war profiteers.

Aug 01 14:51

Keiser Report: Taxation And Comedy

In this special and final episode of the 2016 Summer Solutions series of the Keiser Report, Max and Stacy talk to financial journalist, comedian and presenter, Dominic Frisby about . . . taxation as a source of comedic material for his new stand up show, “Let’s Talk about Tax”. Max and Stacy also interview Anoush Hakimi of TrialFunder.com about crowdfunding justice.

Aug 01 13:46

US Construction Spending Drops In June

Aug 01 12:28

Kidney Valley: Nepalese Villagers Preyed Upon By A Thriving Organ Black Market

In peaceful Nepal, a sinister black market is flourishing. Kavre province has become infamous for the shocking numbers of people who have sold their kidneys.

Aug 01 12:07

The American Empire is Playing a Dangerous Game with its Nuclear Weapons Arsenal

Wall Street, the Military-Industrial Complex, corporations and the politicians are willing to lead the world into an Armageddon-type scenario. Washington is confident that they can defeat its adversaries with their military power but the U.S. has never faced countries like Russia, China or Iran. Russia has more advanced military technologies including its air and missile defense systems known as the S-500 which can counter any US-NATO missile or fighter jet at a moment’s notice. Irrational decisions made by Washington’s establishment means two things, first, they must be really politically and historically ignorant on Russia’s stance when it comes to its sovereignty and they must really despise humanity, but one thing is certain; they want the U.S. to remain as the world’s standing superpower. Wars after war, countless lives have been lost on all continents over the last 250 years or so. War is America’s pastime. Wars contribute to the spread of disease and famine.

Aug 01 11:56

The IMF confesses it immolated Greece on behalf of the Eurogroup

“The International Monetary Fund’s top staff misled their own board, made a series of calamitous misjudgments in Greece, became euphoric cheerleaders for the euro project, ignored warning signs of impending crisis, and collectively failed to grasp an elemental concept of currency theory.”

Aug 01 10:50

It’s Getting Scarier

I’ve finally figured out why so many pundits and journalists are signing on to the new cold war with Russia: they weren’t alive during the last one. They have no memory of the Cuban missile crisis, they didn’t grow up in the era of backyard bomb shelters: for them, Fail Safe and On the Beach are just old movies.

Aug 01 10:03

Barack Obama is on track to be the only president in history to never have a year of 3% GDP growth

We just got another extremely disappointing GDP number. It was being projected that U.S. GDP would grow by 2.5 percent during the second quarter of 2016, but instead it only grew by just 1.2 percent.

Aug 01 09:23

Did Germany Just Blink?

A most unusual thing happened in Europe this week. In a rare climb down, Angela Merkel’s government decided not to push the European Commission to impose a punitive fine on Portugal and Spain for their persistent failure to comply with their budget deficit targets, leading one Eurogroup minister to declare that the euro zone’s Stability Pact is “dead.”

Aug 01 09:17

A New Wave of ObamaCare Insurer Failures

Aug 01 09:11

GLOBAL FINANCIAL CRISIS TWO? Fears US economy will spark worldwide economic meltdown

AMERICA'S economy is slowing while debt levels soar, in a scenario that has worrying similarities to the lead up to the financial crisis that brought the world to its knees.

The US economy grew far less than expected in the second quarter of 2016 taking the annualised rate to just 1.2 per cent - below expectations of 2.5 per cent.

At the same time, credit card and overdraft lending has soared to its highest level since 2007.

Aug 01 09:04

Italy's UniCredit shares SUSPENDED as banking crisis grows

SHARES in Italian lender UniCredit were suspended this morning amid rising fears the country's banking crisis could tip Europe over the edge.

Investors rushed to dump UniCredit stock after stress tests issued Friday prompted worries over the firm's stability in a downturn.

The selling frenzy triggered a temporary trading freeze before leaving the firm's share price nursing losses of five per cent.

Aug 01 08:28

Saudi Banks Offered $4BN Bailout To Avoid Liquidity Crisis

In an effort to avoid a full-blown banking crisis, Bloomberg is reporting that the Saudi Arabian Monetary Agency, the Saudi central bank, has offered domestic lenders $4BN in discounted, 1-year loans to ease liquidity constraints. Banks in the kingdom are facing a cash squeeze as the government withdraws deposits and sells local-currency debt to fund the budget deficit. Monica Malik, chief economist at Abu Dhabi Commercial Bank PJSC, expects to see further easing in the coming days, saying:

"We expect to see further measures, such as possibly reducing the reserve requirement ratio or increasing the loan-to-deposit ceiling in the coming days.”

Aug 01 08:28

Goldman Turns Outright Bearish: Says To "Sell" Stocks Over Next 3 Months

One month after Goldman strategists downgraded equities to neutral on growth and valuation concerns back in May, the firm turned up the heat on the bearish case with a June report by Christian Mueller-Glissmann, in which the Goldman strategist said that equity drawdown risk “appears elevated” with S&P 500 trading near record high, valuations stretched, lackluster economic growth and yield investors being “forced up the risk curve to equities." Specifically Goldman warned to prepare for a "major drawdown."

Aug 01 08:21

"Time's Up - The Pain Must Begin Now"

In 2010, Social Security (OASDI) unofficially went bankrupt. For the first time since the enactment of the SS amendments of 1983, annual outlays for the program exceeded receipts (excluding interest credited to the trust funds). The deficit has grown every year since 2010 and is now up to 8% annually and is projected to be 31% in 2026 and 44% by '46. The chart below highlights the OASDI annual surplus growth (blue columns) and total surplus (red line). This chart includes interest payments to the trust funds and thus looks a little better than the unvarnished reality.

Aug 01 08:20

MYSTERY GMO WHEAT FOUND GROWING IN WASHINGTON STATE COULD AFFECT FOREIGN TRADE WITH U.S.

Genetically modified wheat not approved for sale or commercial production in the United States has been found growing in a field in Washington state, agriculture officials said Friday, posing a possible risk to trade with countries concerned about engineered food. The Food and Drug Administration says genetically modified organisms, or GMOs, are safe and little scientific concern exists about the safety of those on the market. But critics say not enough is known about their risks, and they want GMOs labeled so people know what's in their food. On Friday, President Barack Obama signed into law a bill that will require labeling of genetically modified ingredients for the first time. The legislation passed by Congress two weeks ago will require most food packages to carry a text label, a symbol or an electronic code readable by smartphone that indicates whether the food contains genetically modified organisms, or GMOs.

Aug 01 08:13

The American Dream has imploded with the Homeownership rate hitting another low: Most Americans too broke to buy a Home.

Owning a home is symbolic with having a piece of the American Dream. The stereotypical picket white fence with a nice lawn is easily conjured up in the minds of many. Yet for many, this is only a dream because it will never become reality. The American Dream has imploded with many other areas of the economy. We have hit another low when it comes to the homeownership rate. Americans are too broke to purchase homes even with record low interest rates. Home prices have increased hand and hand with the stock market but the problem is, most of the gains have gone to big investors and not families purchasing a place to live. The big bet from Wall Street was to convert many foreclosures into rentals and push rents higher. This is all interconnected like an intricate spider web and the public is the fly trying to break free. The only problem is the housing market has transformed into another trophy for big money investors.

Aug 01 08:11

Hillary Clinton Uses 9/11 Again To Justify Wall Street Patronage

For a moment in this election cycle, it appeared that events had conspired to force the Democratic Party to finally have a serious conversation about their complicity in Wall Street’s reckless behavior and crimes.

The 2008 financial crisis is directly connected to the financial deregulation policies of President Bill Clinton’s administration, such as repealing Glass-Steagall. President Clinton even forced out one of his own appointees, Brooksley Borne, after she tried to introduce regulation of the financial products that led to the 2008 crash, known as derivatives.

Jul 31 17:15

Why Australia can’t avoid a recession

Jul 31 11:19

GDP does not drive the stock market trend

Jul 31 09:17

Student debts wipe out most graduate pay premiums - report

Politicians should stop using a "carrot of higher graduate earnings" to justify raising student fees or freezing repayment thresholds, say campaigners.

Those who do "should be charged with gross mis-selling", says Angus Hanton, co-founder of the Intergenerational Foundation (IF) lobby group.

Having to pay back student debts will wipe out any graduate premium for most professions, claims the IF in a report.

Webmaster's Commentary: 

In other words, the banks take all that extra money a college diploma earns you!

Jul 31 08:40

DoD Admits US Global Hegemony Threatened By China, Russia In "Persistently Disordered World"

By 2035, the US could find itself in an environment where Russia or China may match or even exceed the West's military and economic might in some areas, taking advantage of a “disordered and contested world,” the Pentagon’s research unit said...

Webmaster's Commentary: 

"What is WRONG with these people who won't do what we tell them to do?!?" -- Official White Horse Souse

Jul 31 08:13

DOD ADMITS US GLOBAL HEGEMONY THREATENED BY CHINA, RUSSIA IN "PERSISTENTLY DISORDERED WORLD"

By 2035, the US could find itself in an environment where Russia or China may match or even exceed the West's military and economic might in some areas, taking advantage of a “disordered and contested world,” the Pentagon’s research unit said...

Conflict and war in 2035 cannot be understood by the simple identification of a set of individual trends and conditions. Instead, the intersection and interaction of many discrete trends and conditions will ultimately change the character of future conflict and illuminate the reasons why the Joint Force may be called on to address threats to U.S. national interests. In fact, conflict in 2035 is likely to be driven by six specific and unique combinations of trends and conditions.

Webmaster's Commentary: 

Given the totally dysfunctional monetary policy, courtesy of the Fed and the US government, I seriously doubt that such a situation will becoming to the US that late in time, and would suggest that it will hit this country sooner rather than later.

Jul 31 08:06

U S GOVERNMENT now CONFISCATING Homes, Cars and ASSETS

Jul 31 07:25

Starving Venezuelans Break Into Zoo And Eat Equally Starving Animals

A food shortage plaguing Venezuela right now has thrown citizens into a frenzy in search for sustenance and they have resorted to breaking into zoos to butcher and eat the animals. Last week, groups of intruders broke into Caricuao Zoo in Caracas, Venezuela, pulled a rare black stallion from its cage, and slaughtered him there on the spot. They left behind only his head and ribs, which zookeepers found in the morning when they entered to care for the lone horse.

Jul 31 06:44

China's M2

Jul 30 17:41

81-minute radio interview: Carl Herman on $1,000,000 per US household monetary reform benefits rather than 20 Americans own more than bottom 50%, .1% own more than 90%, 1% more wealthy than 99%

*hyperlinks/videos live at source*

81-minute interview with Byron Dale and Greg Soderberg of WealthMoney.org (the three of us have combined over 90 years of research on this topic):

here

Data, discussion:

The top three benefits each of monetary reform and public banking total ~$1,000,000 for the average American household, and would be received nearly instantly. Fed Chair Janet Yellen publicly acknowledges monetary reform as described below, but continues a history of criminal fraud in her lawful fiduciary responsibility to truthfully provide what you're about to read. The data below include evidence of a .01% oligarchy criminally looting tens of trillions of our dollars.

Jul 30 13:27

OIL-PRODUCING COUNTRIES IN CRISIS

The old OPEC is no more, and its future existence is inextricably linked with the struggle between leading energy states to expand their influence... Economic theory very often does not work in the oil world because everyone strives to retain their market share and possibly even expand it, and without reciprocal guarantees, no one will unilaterally reduce production. Sooner or later oil prices will reach over $100 per barrel. By that time, however, many oil giants might already be uncompetitive. It is worth remembering that in the early 20th century, the United States was the leading oil-producing country in the world, before being overtaken by Russia and Saudi Arabia. In order to understand the future developments of the oil industry in a particular country, to see its future steps, it is necessary to consider its current situation...

Jul 30 11:49

Steve Wynn: Trump Vs Hillary Is A Distraction From The Real Problem, Which Ends With "Wheelbarrows Full Of Money"

Sooner or later, our political establishment is going to be forced, regardless of party affiliation, to deal with $19 trillion in debt that's climbing by around $1.6 billion a day. That means that in the Treasury auction each month in Downtown Washington, we're printing money at the rate of $40 billion or $50 billion a month which is of course increasing the money supply and directly impacting the living standard or the buying power of the U.S. dollar for people who are being paid like everybody on this call today.

Now, part of the frustration in America is the fact that the deficit is having an enormous impact on the living style and the living standard of Americans, but not all of this is well understood by the folks, to use Bill O'Reilly's term. The folks are being - their living standard being clipped by the deficit and by the printing of money and the increase in the money supply.

Jul 30 11:07

A New Low in US Presidential Politics: The Anointment of Hillary, the Neocon “War Goddess”

Anointing her by electoral rigging to lead one wing of America’s duopoly system reveals the deplorable state of the nation – tyranny posing as democracy.

A new low in presidential politics was reached with a candidate representing Washington’s lunatic fringe, a neocon war goddess drooling for endless conflicts.

If elected, Hillary risks committing greater high crimes of state than her predecessors, including possible nuclear war – why it’s crucial to defeat her in November. Humanity’s fate hangs in the balance.

Her Thursday night acceptance speech was what you’d expect – featuring rambling lofty rhetoric, dreary and dull pontificating, empty promises, an unprincipled display of dishonesty.

Jul 30 11:00

Saudi Arabia is Setting a Trap for Moscow Yet Againhttp://journal-neo.org/2016/07/29/saudi-arabia-is-setting-a-trap-for-moscow-yet-again/

Apparently, Washington has decided to crush Russia along with Iran and Syria, without waiting for the arrival of Hillary Clinton as a newly elected head of state. It looks like behind the scenes, rulers of America are afraid of the possible victory of Donald Trump during the upcoming election. Therefore, they are in a rush to achieve their primary strategic goal – to bring down Vladimir Putin and induce regime change in Russia at any cost. In a bid to achieve this goal they are relying on two strategies – the dropping of oil prices and the undermining of Russia’s and Iran’s positions in Syria. The recent scandal with the Olympics, brilliantly organized by Washington, London, Paris and Berlin, has struck a painful blow to Moscow’s reputation. A possible defeat in Syria could be even more painful, especially if it is accompanied by continuously decreasing oil prices, which would undermine Russia’s economy.

Jul 30 09:09

Monte Paschi Fails European "Stress Test" Meant To Restore Confidence In Europe's Struggling Banks

Moments ago, the European Banking Authority published the 2016 bank stress test results, whose purpose - as every other year - is to inspire confidence in Europe's struggling banks; it differs from a market-based assessment of bank stress - that particular "test" can be seen by observing the stock prices of such giant banks as Deutsche Bank and Credit Suisse, both of which recently hit all time lows.

Jul 30 08:26

IRELAND JAILS 3 TOP BANKERS OVER 2008 COLLAPSE, THE OPPOSITE OF WHAT THE US DID

“By means that could be termed dishonest, deceitful and corrupt, they manufactured 7.2 billion euros in deposits by obvious sham transactions,” Judge Martin Nolan of Ireland said as he convicted three top bankers on Friday for their role in the 2008 financial crisis. They are among the first in the world to be sent to prison for their involvement in the global meltdown eight years ago.

The longest-ever criminal trial in Ireland lasted 74 days and led to convictions for former Irish Life and Permanent Bank Chief Executive Denis Casey; former finance director at the failed Anglo Irish Bank, Willie McAteer; and former head of capital markets at the Anglo Irish Bank, John Bowe. They received sentences ranging between two-and-a-half to three-and-a-half years.

Webmaster's Commentary: 

Good on ya, Ireland!!

Jul 30 08:15

IMF admits disastrous love affair with the euro and apologises for the immolation of Greece

The International Monetary Fund’s top staff misled their own board, made a series of calamitous misjudgments in Greece, became euphoric cheerleaders for the euro project, ignored warning signs of impending crisis, and collectively failed to grasp an elemental concept of currency theory.

This is the lacerating verdict of the IMF’s top watchdog on the fund’s tangled political role in the eurozone debt crisis, the most damaging episode in the history of the Bretton Woods institutions.

The three main bailouts for Greece, Portugal and Ireland were unprecedented in scale and character. The trio were each allowed to borrow over 2,000pc of their allocated quota – more than three times the normal limit – and accounted for 80pc of all lending by the fund between 2011 and 2014.

Webmaster's Commentary: 

So, what are the real-world implications of this evaluation?!?

Will anyone be tried, fined, or go to jail, and NOT in Europe's version of a Club Fed?!?

My bet would be, absoflippinglutely not.

The apology is all the long-suffering Greek, Irish, and Portuguese people will get, period, end of discussion.

What an aphrodisiac it must be, to wield that much power with zero responsibility, and creating the absolute fluster clucks the IMF has created here!

Jul 30 07:31

IMF slammed by own watchdog over ‘political’ handling of eurozone crisis

Top brass at the International Monetary Fund (IMF) have been criticized for misjudgments over Greece, being overly enthusiastic about the euro, ignoring signs of an impending crisis, and for being influenced by national political concerns.

The criticism comes from the Fund's own watchdog, the Independent Evaluation Office (IEO).

Jul 29 15:33

U.S. Homeownership Rate Falls to Five-Decade Low

The U.S. homeownership rate fell to the lowest level in more than 50 years in the second quarter of 2016, a reflection of the lingering effects of the housing bust, financial hurdles to buying and shifting demographics across the country.

Jul 29 15:30

Microsoft layoffs: 2,850 jobs

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