ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Aug 20 12:15

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

By Justin Gardner

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

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

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

Aug 20 10:54

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

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

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

Webmaster's Commentary: 

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

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

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

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

Aug 20 10:03

China and the US Are Approaching Dangerous Seas

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

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

Webmaster's Commentary: 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Aug 20 08:49

WHO MANUAL DIRECTING "AUTHORITIES" ON HOW TO RESPOND TO VACCINE DENIERS IN PUBLIC

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

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

Webmaster's Commentary: 

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

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

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

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

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

Aug 20 08:40

Utilities Continue To Follow The Road Map

Aug 20 08:40

U.S. DEFENSE CONTRACTORS TELL INVESTORS RUSSIAN THREAT IS GREAT FOR BUSINESS

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

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

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

Webmaster's Commentary: 

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

Aug 20 08:06

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

By Carey Wedler

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

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

Aug 19 15:29

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

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

Aug 19 15:25

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

By Jp Cortez

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

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

Aug 19 13:12

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

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

Aug 19 13:09

Chart Of The Day: 2% Inflation And Then Some

Aug 19 12:10

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

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

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

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

Webmaster's Commentary: 

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

Aug 19 12:07

Apple Orders Plunge 30% On Low Demand

Aug 19 12:00

Two More Banks Start Charging Select Clients For Holding Cash

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

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

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

Webmaster's Commentary: 

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

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

Aug 19 10:26

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

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

Aug 19 10:25

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

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

Aug 19 10:00

27 Years Of Economic Pain For Most Americans…

Aug 19 09:53

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

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

Aug 19 09:26

Texas State Gold Depository Another Step Closer To Reality

By Mike Maharrey

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

Aug 19 08:00

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

Aug 19 07:29

Maersk to lay off 400 employees

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

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

Aug 19 07:28

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

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

Webmaster's Commentary: 

The EU is unraveling.

Aug 19 07:03

Seriously? A billionaire needs to cut staff?

Aug 18 18:53

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

*hyperlinks/videos live at source*

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

**

Aug 18 14:52

AUGUST 2016, a FINAL Stock Market Top?

Aug 18 14:42

Join The Lazy Man’s Party!

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

Aug 18 14:04

European Banking Crisis

Aug 18 13:54

Major UK Banks Reduce Growth Forecast In 2017 Post-Brexit

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

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

Aug 18 13:49

Economy going down with the ship?

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

Aug 18 13:36

The Real Existential Threats of 2016

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

Aug 18 13:17

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

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

Aug 18 12:53

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

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

Aug 18 12:21

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

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

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

Webmaster's Commentary: 

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

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

Aug 18 12:10

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

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

Webmaster's Commentary: 

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

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

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

Aug 18 12:06

Faith Money and the Coming Collapse (FULL)

Aug 18 12:06

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

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

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

Aug 18 11:59

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

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

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

But who is buying, and how much?

Webmaster's Commentary: 

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

Aug 18 11:32

Central Banks Now Selling US Debt at Record Pace

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

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

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

Webmaster's Commentary: 

Oops there.......

Aug 18 11:16

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

By Claire Bernish

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

Aug 18 10:49

Obama will leave his successor a ticking time bomb

Barack Obama likes to credit himself with getting America to step back from the abyss of the Middle East. When he shops around the story of his legacy, the president says he was proudest of his decision not to follow the "Washington playbook" and commit to toppling the government of Syrian President Bashar al-Assad.

It would be a fitting story to tell of the man who ascended to the presidency while simultaneously winning a Nobel Peace Prize. Obama returns America's sword to its sheath, and earns the praise of his fans and admirers. Just as he passed on a better economy to his successor than the one he inherited from Bush, so he passed on a safer world.

Unfortunately this story is a lie from end to end. The world the next president will inherit is full of traps.

Webmaster's Commentary: 

It is not just one ticking time bomb the next President will inherit from the epic fail of the Obama Presidency; it will be numerous time bombs.

Between the economy; Afghanistan; Libya; Iraq; Syria; Russia; Ukraine; and China, the next President will have multiple messes with which to have to deal.

Aug 18 10:12

Cisco confirms NSA-linked zeroday targeted its firewalls for years

Company advisories further corroborate authenticity of mysterious Shadow Brokers leak.

Aug 18 10:10

Odious Debt And The Betrayal Of The Popular Will In Greece

After Syriza’s “treason”, Zoe Konstantopoulou, ex-Speaker of Greece’s Parliament, founds a new party to unburden Greece of its odious debt.

Aug 18 10:10

Appeals Court Bars Feds From Prosecuting Medical Marijuana Cases

The ruling on Tuesday by the 9th U.S. Circuit Court of Appeals in San Francisco comes despite the fact that marijuana remains illegal in any form on the federal level

Aug 18 09:48

Caterpillar Retail Orders Suffer Second Biggest Plunge Since Financial Crisis

Caterpillar's rolling 3-month retail machine sales dropped by 19% in July vs the more modest 12% fall in June and May.

Aug 18 09:35

Asda has worst quarterly sales drop blaming food deflation

Asda has reported a drop in sales of 7.5% in the past three months, its worst quarterly performance on record.

Walmart chief executive Doug McMillon blamed the dip on food deflation and "the competitive environment".

Aug 18 09:26

The Justice Department Is Going To Stop Using Private Prisons

The Justice Department plans to stop using privately run prisons that typically house undocumented federal inmates following a report finding they are less safe than those that are federally run, Deputy Attorney General Sally Yates said Thursday.

Webmaster's Commentary: 

I will believe this when I actually see it.

The private prison lobby has become huge within the last decade, and I don't know how ready our" gangsta class" politicians are to embrace the lack of contributions such a move on the the part of the Justice Department will create.

Aug 18 09:08

BARACK OBAMA: FROM PEACE PRIZE TO WORLD’S BIGGEST ARMS DEALER IN 8 SHORT YEARS

On Thursday, the U.S. State Department approved the sale of more military equipment, valued at around $1.15 billion USD, to the oil-rich kingdom of Saudi Arabia. This sounds like a lot of money to most of us, but the most frightening aspect of the sale is that it represents a continuation of an arms-dealing relationship between Washington and the Saudi regime, which has been worth over $50 billion USD in arms sales to date.

Webmaster's Commentary: 

Ah yes, our beloved Warmonger and Dealer of Death-in-Chief!!

And as to the Nobel Nominating Committee; your "prize" has devolved into an absolute and complete sick joke, considering that your actually awarded it to both Henry Kissinger, as well as to President Obama.

And let me suggest to the Nobel Nominating Committee the following (and not terribly "out there") scenario.

IF internal DNC and White House polling suggests that Donald Trump may win the election in a landslide, it is highly likely that the Obama Administration will potentially start wars with China and Russia well before the election in November to give Donald Trump the worst situations to deal with even before he takes the Oath of Office in January.

Right now, I would not bet against this, were I a betting person.

Aug 18 08:41

Economics Counterfeiters Hackers & Rigged Elections

We accept that the Intel Agencies engineer coups, color revolutions, drug running etc, so why not rigging the elections and our money supply.

Aug 18 07:40

REVEALED: The ticking timebomb facing Eurozone economies no one has thought about

THE eurozone's economic growth is set for another blow in the coming years, as its ageing workforce is a crisis in waiting, the International Monetary Fund (IMF) has warned.

Aug 18 06:59

Europe lost the US-Russian war, two years ago already.

Yes, this was written two years ago today, in the wake of the Russian counter-sanctions. Some saw it, even then, and today, well, here we are.

War: you are either at war or you aren't. There is no pretending. For ignoring this simple fact, Europe is in the whirlwind, completely disoriented in search of benchmarks that it no longer has.

The war the US is waging against Russia is a war to the death. Europe, at once actor and at stake, does not want this outcome but, victim of its protective alliances and its historic, though now artificial status, is obliged and even ordered to take sides with its Great Protector. This war is not hers, but she has to do it. Then she makes believe, since both protagonists know the outcome can only be the total defeat of one or the other, reflected either in the full and complete submission of Russia or the US loss of any hegemony.

Aug 18 04:07

GoldMoney -- Gold Always Wins

Aug 17 16:01

This 'Shady Practice' Is Keeping Stocks Afloat

Before earnings reports come out, stock analysts issue earnings estimates. They say what they think earnings will come in at, often down to the penny.

Research firms take the average of these estimates to get a “consensus earnings estimate.”

If a company beats the consensus estimate, that’s known as an “earnings surprise.” This will usually lift a company’s stock. If earnings fall short of the consensus estimate, a company’s stock will usually fall.

Aug 17 15:33

Gold Production In Sudan: Primary Resource For The Recovery Of Country’s Economy

Gold is a primary resource for the recovery of Sudan’s economy and its production involves 1mn people.

Aug 17 15:26

How Much Longer Can They Ignore Reality? “Real Economists Would See An Economy Collapsing” — Paul Craig Roberts

The reason that Americans have no income from their savings is that public authorities put the welfare of a handful of “banks too big to fail” above the welfare of the American people. The enormous liquidity created by the Federal Reserve has gone into the financial system where it has driven up the prices of financial instruments. There has been a stock market recovery but not an economic recovery.

Aug 17 14:23

European Banks Looking At Storing Cash

Aug 17 13:26

Silve Producer: Silver $200 - Gold $8000

Aug 17 13:17

The Odds of a Global Food Crisis Are Rising

Aug 17 12:54

After he was shot, 9-year-old Kansas City boy snuggled up to his big brother and died, dad says

The majority of Black Americans murdered every year are killed by other blacks. But the enablers are in DC!

KANSAS CITY, Mo. -- Kansas City police believe that at some point the people responsible for the murders of two boys early Saturday morning at 58th and College were inside the home.

"I do not get it. I swear. We have to protect the future. He's the future," said Jayson Ugwuh, Jayden Ugwuh's dad.

Montell and JaydenUgwuh was only 9-years-old and his cousin Montell Ross, 8-years-old. They were killed early Saturday morning when a gunman sprayed bullets into the family home where Jayden and Montell were sleeping. Altogether, there were six children sleeping inside the home at the time.

Aug 17 12:37

James Howard Kunstler: Racketeering Is Ruining Us

Racketeering is just pervasive in all of our activities. Not just in politics but in things even like medicine and education. Obviously the college loan scheme is an example of racketeering. Anybody who has to go to an emergency room with a child whose broken their finger or something, is going to end up with a bill for $20,000. You know why? Because of medical racketeering. And so, these are really efforts to money-grub by any means necessary, often in ways that are unethical and probably illegal. Let’s use that word racketeering to describe our national situation.

And let’s remember by the way, the activities of the central banks is just another form of racketeering. Using debt issuance and attempting to control interest rates in order to conceal our inability to generate the kind of real wealth that we need to continue as a techno-industrial society.

Aug 17 12:23

More Crony Capitalism: Aetna Gives An Ultimatum To The DOJ - "If Humana Deal Is Blocked, We Exit Obamacare"

US health insurer Aetna already made waves earlier this week when it announced on Monday that it would exit 11 of 15 state exchanges in which it offers Obamacare plans as a result of mushrooming financial losses. While that move was largely expected due to the inherent flaws in Obamacare, today it surprised market watchers, and its shareholders, again by handing an ultimatum to the Department of Justice, and thus the US government, threatening it would immediately reduce its presence in the remaining Affordable Care Act exchanges and cancel a planned expansion, if its merger with Humana was blocked.

Aug 17 12:15

Medical schools benefit from Weak economy, as Body Donations on the Rise

"Not too long ago, it was taboo. Now we have thousands of registered donors,"

Aug 17 12:01

Lord Rothschild Warns Of Economic Collapse

Aug 17 10:22

Walmart is too cheap to pay for proper security — so now it’s freeloading off taxpayers

Walmart’s traditional modus operandi has been to offer the lowest prices by slashing operating expenses wherever it can find them — including wages and benefits.

In fact, Walmart is so cheap that, back in 2013, a store in Ohio held a food drive to help make sure some of its own employees wouldn’t go hungry on Thanksgiving.

With this in mind, it’s not too surprising to learn that Walmart is also dirt cheap when it comes to paying for proper store security — and it’s putting a strain on local police budgets.

Bloomberg Businessweek has a very detailed new report that shows how police departments around the country are getting fed up with Walmart’s unwillingness to invest in proper store security infrastructure. In fact, it seems that Walmart’s security is so notoriously lax that its stores have become magnets for criminals who know it will be easier to commit crimes in them.

Aug 17 10:18

OVERWHELMED BY DEBT, NEARLY 1 IN 5 YOUNG ADULTS LIVE WITH THEIR PARENTS OR GRANDPARENTS

In America today, more than 60 million people live in multi-generational households. That number is so large that it may seem difficult to believe, but the truth is that vast numbers of young adults have had to move back in with their parents and grandparents in recent years due to the deteriorating economy. Millions of our young people cannot find decent jobs once they leave school, and millions of them are absolutely overwhelmed by debt. Of course some of them are just lazy, but whatever the reason it is undeniable that multi-generational households are on the rise. According to the Pew Research Center, 12 percent of the U.S. population was living in multi-generational households back in 1980. Today, that number is up to 19 percent. That means nearly one out of every five U.S. adults now live with their parents or their grandparents.

One of the big culprits, of course, is student loan debt.

Webmaster's Commentary: 

Young people must, right now, do their own due dilligence about what jobs will most likely exist in what fields by the time they have graduated; do not believe one thing a college counselor might tell you, because they are there to assure that classroom seats are filled, and the appropriate tuitions paid, either through private means, or student loans, which can haunt you.

If you do a web search on google.com, here is a question you may want to ask:

What are the best paying jobs which do not require a college degree?

You may be surprised at what is possible here, and will not put you under a mountain of debt. And you need to start looking in your sophomore year of high school.

Aug 17 09:45

The Unreported Economic Decline: 1 In 5 Young Adults Drowning In Debt

In America today, more than 60 million people live in multi-generational households. That number is so large that it may seem difficult to believe, but the truth is that vast numbers of young adults have had to move back in with their parents and grandparents in recent years due to the deteriorating economy. Millions of our young people cannot find decent jobs once they leave school, and millions of them are absolutely overwhelmed by debt. Of course some of them are just lazy, but whatever the reason it is undeniable that multi-generational households are on the rise. According to the Pew Research Center, 12 percent of the U.S. population was living in multi-generational households back in 1980. Today, that number is up to 19 percent. That means nearly one out of every five U.S. adults now live with their parents or their grandparents.

Aug 17 09:31

Global central banks are unloading America's debt.

In the first six months of this year, foreign central banks sold a net $192 billion of U.S. Treasury bonds, more than double the pace in the same period last year, when they sold $83 billion.

China, Japan, France, Brazil and Colombia led the pack of countries dumping U.S. debt.

Aug 17 09:30

Peak Season Shipping Slumps: Containers Crash, Traffic Tumbles Most In 6 Years

The Port of Long Beach Posts a 7.7% Drop in Container Volumes compared to July 2015. The port attributes the decline to high inventory levels and a slow start to the peak season.

Aug 17 09:04

World seeing ‘greatest monetary policy experiment in history’ - Rothschild

Low interest rates, negative yields on government debt and quantitative easing are part of the biggest financial experiment in world history, and the consequences are yet unknown, says RIT Capital Partners Chairman Lord Rothschild.

“The six months under review have seen central bankers continuing what is surely the greatest experiment in monetary policy in the history of the world. We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low interest rates, with some 30 percent of global government debt at negative yields, combined with quantitative easing on a massive scale,” Rothschild writes in the company's semi-annual financial report.

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