ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Sep 05 10:43

The Secret Ingredients in Monsanto’s Roundup That May Be Killing Human Cells

Most scientific studies on Roundup (not sponsored by Monsanto) have focused on the effects of the primary ingredient. However, a French research study published a year ago revealed that the “inert” ingredients in Roundup actually increase its toxicity, even at very low concentrations. The study was led by Gilles-Eric Seralini, a molecular biologist at the University of Caen who has done extensive research into GMOs and pesticides. What they discovered was alarming, to say the least. For example, one of the “inert” ingredients in Roundup is polyethoxylated tallow amine, or POEA. This is a substance derived from the fat of bovine species. It is used as a surfactant, or emulsifier. Amazingly, the USDA allows POEA in “certified organic” products, and the EPA has determined that it is environmentally safe and poses no threat to public health.

Webmaster's Commentary: 

The reason for the US government still allowing this poison to continue to be used in this country is very simple; the "alleged" representatives of this country do not give a damn about the health of its citizens, but only the profitability of those companies which contribute to their political campaigns.

Companies creating GMO and GMO-related products are big contributors to the political game in the US.

Having products which can cause hormone disruption, miscarriages, or birth defects around doesn't bother these people one whit, because before they became Congressional Representatives, they all have had their conscience surgically removed.

THEY know the dangers, so they steer clear of products like this, and make sure their families do as well.

But constituents who do not have this knowledge, and suffer horrifically because of from the effects of this poison, are simply...collateral damage to politicians; not even worth mentioning, or paying attention to.

We the People have become completely irrelevant in their thinking.

Sep 05 08:47

PROTESTERS, INCLUDING CHILDREN, MAULED AS PRIVATE MERCENARIES ATTACK NATIVE AMERICAN PIPELINE PROTEST

A private security firm guarding the highly controversial construction of $3.8 billion oil pipeline turned mercenary on Saturday, unleashing vicious attack dogs against a sizable crowd of peaceful protesters — including women and children.

Members of the Standing Rock Sioux and at least 100 other Native American nations as well as activists and advocates peacefully chanted “water is life” while guards held dogs nearby to intimidate the crowd. Without warning, these security henchmen showered the demonstrators with pepper spray and released the dogs — at least six people were bitten, including a young child.

Webmaster's Commentary: 

So, this is how corporate Amerika, represented by Dakota Access Pipeline, censors free speech and peaceful protests; with private security companies, using dogs to bite children and horses, and pepper spray.

These people are damned lucky that they have not been killed...yet.

One has to wonder just when the executives of parent company Energy Transfer Partners will order their private mercs to "exterminate with extreme prejudice."

Unfortunately, however, if these protests do not abate, I am sure that there will be a moment when that happens

The slaughter of innocent indigenous Americans is nothing new to the American experience, in the quest for corporate profits, as you will find when you google "trail of tears".

Think, the Navi in James Cameron's brilliant anti-war film "Avatar", and you are almost there.

The following statement was made by the Morton County Sheriff's Department on 3 September:

Private Security Officers Ambushed and Assaulted by Protesters

But I have two questions on this:

1. Were these alleged "protesters" actually affiliated with the protest movement per se, or were they agents provocateurs who did these acts to make the movement look violent?!?

2. If, in fact, these attacks happen, where, please is the video of said attacks?!? And the short answer here is, nowhere.

Making protest movements look violent and awful has a very long history in this country; ask any peaceful protester who was protesting the Vietnam War.

Sep 05 08:15

Exceptional Nation

The United States certainly has the largest military spending of any country on earth; I don’t know if that translates automatically to “the greatest military,” especially considering that there hasn’t been a major war in which the US came out on the winning side since 1945. So, I would label this a lie.

Sep 05 08:10

Sorry Losers!

By its actions, the Federal Reserve has selected a precious few winners and many, many losers. Sadly, you are highly likely to be one of the losers.

Sorry!

I'm one, too, if that helps soften the blow.

But we have a lot of company. Other losers include:

Sep 05 05:37

RETAILERS QUIETLY STOP ACCEPTING CASH

Sep 04 18:03

Boeing Gets "Mind-Boggling" $2 Billion Bonus Despite Failed Missile Defense System Tests

From 2002 through early last year, the Pentagon conducted 11 flight tests of the nation's homeland missile defense system. The interceptors failed to destroy their targets in six of the 11 tests -- a record that has prompted independent experts to conclude the system cannot be relied on to foil a nuclear strike by North Korea or Iran. Yet, as The LA Times reports, over that same time span, Boeing, the Pentagon's prime contractor, collected nearly $2 billion in performance bonuses for a job well done...

Sep 04 15:52

This is what socialism and collapse look like

P.S. – It’s the worst-kept secret in Washington. Our national debt is a whopping $18 trillion (and counting). A collapse of the dollar could be imminent. The powers-that-be are well aware of the danger. So politicians from both sides of the aisle and the three biggest banks in the country have come up with a plan … to steal your retirement.

Sep 04 12:01

My List Of The Ten Worst U.S. Presidents

At any rate, with my Facebook post I made my list without explanation. I will use this column to share a little bit of the reasoning behind my selections. So here goes: my top ten worst presidents in U.S. history:

1. Abraham Lincoln (Republican)

Without an ounce of doubt in my mind, Abraham Lincoln is America’s absolute worst President. He did not free a single slave; but what he did do was begin the process of enslaving free men. It is no hyperbole to say that Lincoln truly governed as a dictator, not as a President.

Sep 04 10:42

Cleaning up 2014 Nuclear Waste Disaster in United States may Cost more than $2 Billion

By Amando Flavio

In February 2014, radioactive materials leaked from a damaged storage drum in the Waste Isolation Pilot Plant (WIPP), located in the state of New Mexico, United States.

According to United States federal government officials, the WIPP is the world’s third deepest geological repository, licensed to permanently dispose of transuranic radioactive waste for 10,000 years, receiving radioactive waste from the country’s nuclear weapons program and commercial power generating plants.

The facility is under the direct management of the Department of Energy (DOE). When the accident occurred, the DOE claimed all 139 workers at the facility were underground, and were not exposed to the dangerous materials...

Sep 04 10:32

Costa Rica Has Been Thriving On 100% Renewable Energy For 113 Days (And Counting!)

By Amanda Froelich

If Costa Rica continues to thrive on renewable energy sources, it will likely match the record it set last year when it ran completely on renewable energy sources for 285 days. And, if this is accomplished, the Latin American country will prove once again that fossil fuels are no longer necessary to keep the lights on...

Sep 04 09:12

'Accounting Problem at the Pentagon is Huge, But No One Seems to Care'

“The problem we have at the Pentagon is that people get away with anything. This is a very small amount of money, but they didn’t correct it and the big problem at the DoD is that they can’t keep tabs on what has been going on for decades. We are talking about trillions of dollars unaccounted for. The accounting problem at the Pentagon is really huge, and it doesn’t get much publicity,” Ivan Eland noted.

He said that there have been some articles in the foreign press, but the American press does not really cover this.

Webmaster's Commentary: 

Too bad they don't spend like that for our returning veterans!

Sep 04 09:07

Labor Day 2016: OBVIOUS benefits of monetary reform & public banking include full employment to optimize infrastructure, which also causes lower overall prices as infrastructure improves total economic productivity

*hyperlinks/videos live at source*

Note: You may wish to print an article like this: a "Black Swan event" is coming that will shock perhaps 2/3 of the population, but not we who have taken care to learn our most important factual histories. If the event is an economic crash, our .01% "leaders" might do their best to remove documentation of economic reforms, like this, from public access in order to herd We the People into a reset parasitic debt system owed to them.

I wrote about Labor Day in 2014 being an Orwellian “holiday” because:

US “leaders” psychopathically pretend to care about American labor while lying about a real unemployment rate of close to 25% (the so-called “official” rate excludes under-employed and discouraged workers).

Sep 04 08:31

Defiant Obama tells Britain it WILL be at the back of the queue for a US trade deal after Brexit as world leaders gather at G20 

Barack Obama has insisted the UK will have to wait for a trade deal with the US as he warned action is needed to stop the Brexit process 'unravelling' the special relationship.

The America president sparked fury during the EU referendum campaign by cautioning that the UK would go to the 'back of the queue' for a transatlantic deal if it voted to leave.

The comments, at a press conference alongside David Cameron in April, were roundly condemned as an intrusion into domestic politics.

Sep 03 20:57

Kansas City metro wakes up to an earthquake

An earthquake shook the metro area around 7:05 a.m. Saturday morning. FOX 4's Rob Collins, Nicole DiAntonio, and meteorologist Joe Lauria immediately noticed the shimmy when the walls and lights in the FOX 4 studio started shaking.

It appears the 5.6 magnitude quake's epicenter was in north-central Oklahoma and was felt through at least eight states.

Sep 03 16:39

2008 all over? HUNDREDS GET LAYOFF NOTICES AT CATERPILLAR SITES…

Hundreds of mostly office employees received layoff notices at one of the largest Caterpillar Inc. facilities in the Peoria area this week, just as the company announced plans to close overseas production plants and eliminate thousands more positions.

Sep 03 14:10

The High Cost of Honesty In A Sea Of Low-Cost Bullshit

Submitted by Charles Hugh-Smith via OfTwoMinds blog,

As the cost of propagating BS drops to near-zero, the value of honestly achieved analyses and conclusions rises proportionately.

Longtime correspondent Michael M. recently recommended this long-form article The Market For Lemons, The Market For Bullshit, And The Great Cascading Credence Crash Of 2016.

The article discusses the soaring market for self-serving narratives, rigged statistics like the jobs report and unemployment, and officially sanctioned PR campaigns aimed at creating approval (or passive acceptance of) a corrupt, phony status quo.

Sep 03 08:15

Jumping Ship: Two Central Banks Just Printed Billions In Paper Currency… And Immediately Bought Gold Mining Stocks With It

When former Federal Reserve Chairman Ben Bernanke was questioned by Ron Paul during a 2011 monetary policy report, he famously told the Congressman that gold is not money and the only reason central banks hold it is because of “long-term tradition. ”

Bernanke’s comments have since been cited by financial pundits as expert advice on why precious metals investments should be considered no different than other traditional investments like equities or bonds. Suggesting they may be a safe haven asset or that there are thousands of years of evidence supporting the claim that gold and silver are money are often laughed at and marginalized.

But if gold and silver are not real money and they are not safe haven assets, then why did the central banks of Switzerland and Norway just print $2 billion dollars in currency and immediately move that paper currency into gold mining companies?

Sep 03 08:14

Since 2014 The US Has Added 520,000 Waiters And Bartenders And Lost 13,000 Manufacturing Workers

As another month passes, the great schism inside the American labor force get wider. We are referring to the unprecedented divergence between the total number of high-paying manufacturing jobs, and minimum-wage food service and drinking places jobs, aka waiters and bartenders. In August, according to the BLS, while the number of people employed by "food services and drinking places" rose by another 34,000, the US workforce lost another 14,000 manufacturing workers.

Sep 03 07:56

Legend Issues Dire Warning About Deutsche Bank’s Failure To Deliver Gold

Egon von Greyerz: “The Deutsche Bank situation is not new and I have talked about it many times as you know. Deutsche Bank is bankrupt, but you must realize that they are an institution, and therefore the German government will not let Deutsche Bank fail before the country fails.

Sep 03 07:43

Turkey’s New Role: From NATO Lapdog to Emerging Empire?

If Turkey is to emerge as a regional empire, it will have to leave the Zionist axis and find a solution to the Kurdish question in conjunction with Syria and Russia. It is currently beginning to appear that previous secret plans agreed upon by Ankara and Paris to carve out a Kurdish state in Northern Syria may have to be abandoned. As the French escalate bombing of Raqqa in Syria in the wake of the Nice terrorist psyops, Turkey could be facing an acute state of emergency.

Sep 03 07:19

2nd Eastern Economic Forum kick starts in Vladivostok

The two-day-long Eastern Economic Forum (EEF) aimed at attracting billions in international investments for the Russian economy, has begun making deals on Russky Island, off the coast of Vladivostok, in Russia’s east.

Sep 03 07:09

ECONOMY: RUSSIA AND IRAN SIGN NEW BANKING COOPERATION PACT

Senior Iranian and Russian officials signed an agreement to expand their banking cooperation and financial relations.

The cooperation was singed between Vice-Governor of the Central Bank of Iran (CBI) Gholamali Kamyab and his Russian counterpart Dmitry Skoblekin in Tehran on Thursday.

Based on the cooperation pact, the two sides agreed to fight money laundering and financial support of terrorism.

The agreement will also facilitate execution of the Bilateral Currency Swap agreements reached between the two countries.

In June, Iran confirmed reports that Russia plans to open a $5 billion credit line for Iran to help finance projects and exports in the country.

Sep 03 07:07

EUROGEDDON: As a Nobel winner warns the euro is doomed, why the political elite's refusal to admit the misery it's causing means there's far worse to come 

The leaders of the EU returned to centre stage last week, strutting across the deck of an Italian aircraft carrier like modern-day masters of the universe.

And if you thought Britain’s vote to leave the EU might have shaken their confidence in the inevitability of federal union, their elaborately staged photo opportunities told a very different story.

To kick off their summit, the leaders of the eurozone’s three biggest powers, Angela Merkel, Francois Hollande and Matteo Renzi, first visited the island grave of a Communist politician called Altiero Spinelli.

Sep 03 06:51

South Korea’s Hard Line on Hanjin Shipping Signals New Attitude

South Korea’s decision to withdraw support for its largest shipping company has sent shock waves through an ailing global industry. It also shows Seoul’s toughening stance when it comes to troubled firms.

Hanjin Shipping Co.’s potential bankruptcy would be the largest container-shipping failure in history, dwarfing all previous carrier bankruptcies, says shipping consulting firm Alphaliner. Not knowing whether they would get paid, ports and handlers from South Korea to China, the U.S., Canada, Spain and elsewhere have refused to handle its cargo. That has stranded 45 ships at sea, according to the company, and more than half a million containers.

Berthing and unloading services for Hanjin ships resumed at South Korea’s main ports of Busan and Incheon on Friday after the government said port authorities would guarantee payments for service providers.

Webmaster's Commentary: 

Unless retailers in the US got their shipments early, this bankruptcy will put a real crimp in Christmas sales this year, as so many toys and electronics are imported from Asian countries.

As reported today at zerohedge.com:

When we first reported about the imminent paralysis of an unknown number of global supply chains and a potential shock in worldwide trade as a result of the historic bankruptcy of Hanjing Shipping, one of the world's largest container shipping companies which handles 8% of Trans-Pacific trade volume for the US market, we concluded that "the global implications from the bankruptcy are unknown: if, as expected, the company's ships remain "frozen" and inaccessible for weeks if not months, the impact on global supply chains will be devastating, potentially resulting in a cascading waterfall effect, whose impact on global economies could be severe as a result of the worldwide logistics chaos. The good news is that both economists and corporations around the globe, both those impacted and others, will now have yet another excuse on which to blame the "unexpected" slowdown in both profits and economic growth in the third quarter." However, not even this extreme forecast captured what would happen just 48 hours later, when as the WSJ reported overnight, retailers have gone far beyond simply blaming the Hanjing bankruptcy for their upcoming woes: they are petitioning for a government bailout, or as the WSJ put it, they are "bracing for a blow as they stock up for the crucial holiday sales season, asked the government to step in and help resolve a growing crisis." Or, as America's banks would call it, "get bailed out." And, in taking a page right out of the 2008 bank bailout, the doom and gloom scenarios emerge: “While the situation is still developing, the prospect of harm is significant and apparent,” Sandra Kennedy, president of the Retail Industry Leaders Association, wrote in a letter to the Department of Commerce and the Federal Maritime Commission. Hanjin’s recent bankruptcy filing “presents an enormous challenge to U.S. shippers,” she said, and “could have a substantial impact on consumers and the economy at large.” The biggest hit may come for the $25 billion US toy industry, however, which has been sweating the Hanjin news, as it prepares for the holiday season, responsible for half its annual sales. Jeff Bergmann, managing director of the Toy Shippers Association, said his customers are fortunate that only about 20 containers are on Hanjin or affiliated vessels. They’ve been told their freight will be delivered to the ports, but from there, “nobody knows,” Mr. Bergmann said. Beyond that, the general concern is how long the turmoil will last. “The ripple effect could be tremendous,” he said.

Sep 03 06:44

White House Attacks Aetna For Leaving The Obamacare Marketplace

Sep 03 06:38

Lagarde calls for forceful reform

International Monetary Fund chief Christine Lagarde called on Thursday for stronger policies to avoid the low-growth trap, before embarking on her trip to China for the G20 Leaders Summit.

The G20 Summit, to be held in eastern China's city of Hangzhou on Sept 4-5, is aimed at finding ways to boost global economic growth.
Lagarde said low growth, high inequality and slow progress on structural reforms are among the key issues that G20 leaders will discuss at the gathering.

"This meeting comes at an important moment for the global economy. The political pendulum threatens to swing against economic openness, and without forceful policy actions, the world could suffer from disappointing growth for a long time," she said in an article dated Sept 1 but released to the press on Wednesday under embargo.

Webmaster's Commentary: 

Memo to Christine Lagarde: the world economy has been sluggish largely because of the failed monetary policies of the IMF!!

Sep 03 06:35

John Pilger: Provoking nuclear war by media (longread)

The International Criminal Tribunal for the former Yugoslavia (ICTY) in The Hague has quietly cleared the late Serbian president, Slobodan Milosevic, of war crimes committed during the 1992-95 Bosnian war, including the massacre at Srebrenica.

Far from conspiring with the convicted Bosnian-Serb leader Radovan Karadzic, Milosevic actually "condemned ethnic cleansing", opposed Karadzic and tried to stop the war that dismembered Yugoslavia. Buried near the end of a 2,590 page judgement on Karadzic last February, this truth further demolishes the propaganda that justified Nato's illegal onslaught on Serbia in 1999.

Sep 03 06:24

US LOST 14,000 Manufacturing Jobs In August

The US economy added only 151,000 jobs in August, according to the Labor Department’s latest jobs report, released Friday. The figure was less than the 180,000 new jobs projected by economists, and marked a slowdown from previous months. The official unemployment rate, meanwhile, stubbornly hung at 4.9 percent, above the predicted rate of 4.7 percent.

Sep 02 15:08

Bankruptcy filings up 3% in August in region

Bankruptcy filings for northwest Ohio rose by 3 percent in August from a year ago, the first time in four months that cases have increased and the second time this year that the caseload has increased.

Sep 02 14:10

Monetary Experiment Creating Mother Of All Crises: “Negative Rates Phenomenally Good for Gold and Silver”

The closer the system comes to unraveling altogether, gold and silver remain attractive as a means of holding onto money with ready, liquid exchange value.

"In a world of negative interest rates... It actually costs you money – you pay rather than receive interest. Gold... sits there and retains its value. So, this is a phenomenally good environment for precious metals...

Read more at SHTF

Sep 02 11:54

Trump Smashes Hillary on the Economy in New Ad

“In Hillary Clinton’s America, the middle class gets crushed. Spending goes up. Taxes go up. Hundreds of thousands of jobs disappear. It’s more of the same, but worse,” the narrator intones.

“In Donald Trump’s America, working families get tax relief. Millions of new jobs created. Wages go up. Small businesses thrive. The American dream – achievable. Change that makes America great again, Donald Trump for President.”

So goes Donald Trump’s newest ad on the economy, his second of the general election. It shares much in common with the first, which was focused on immigration. It uses some of the same imagery and verbiage to contrast two possible futures: One where Hillary is elected, and one where she is not.

Sep 02 11:17

The Secret Global Court: Why Corporate Criminals & Corrupt Politicians Desperately Want TPP

Obama needs to ensure he gets well compensated after leaving office for a job well done protecting, defending and further enriching the global oligarch class. This is precisely why he’s so adamant about passing the TPP during the upcoming lame duck session of Congress, when he knows “representatives” who no longer face reelection can be coerced or bribed into voting for this monumental public betrayal.

The Trans-Pacific Partnership (TPP) ins’t really a free trade deal, it’s a way for global oligarchs to consolidate, grow and protect their enormous wealth. The investor-state dispute settlement system (ISDS) is perhaps the most nefarious and objectionable aspect of the deal, with this shadowy court system being used to accomplish the following for the super rich and powerful:

1) Eliminate sovereign risk from their investments.

2) Earn money by scouring the world for potential ISDS “opportunities” and then speculating on them.

Webmaster's Commentary: 

The interesting question (which, BTW, no one seems to be asking Obama on this bill) is, why is the TPP including countries which allow slave/child labor and human trafficking?

As documented below, this is a common thread in the business practices of the countries which are very much wanting to be members.

TPP Reduces Human Trafficking and Child Labor to misdemeanors

Is free trade more important than ending forced labor?

List of Goods Produced by Child Labor or Forced Labor

U.S. Workers Should Not Be Pitted against Child Labor in Vietnam

Did Obama Administration Downplay Malaysia Slavery To Grease Trade Deal?

In his petulant rush to get TPP through a lame-duck Congress, President Obama is, again demonstrating that he is just as beholden to his corporate cronies as are the Republicans, and he considers American workers... utterly irrelevant.

Sep 02 10:19

WTF Chart Of The Day: US Factory Orders Tumble For Longest Streak In History

21 Months... US Factory Orders have decline year-over-year every month since October 2014 (the end of QE3). This is the longest period of decline in US history (since 1956) and has always indicated the US economy is in recession...

Sep 02 10:19

Reuters Floats Disturbing Trial Balloon: "The ECB May Be Forced To Buy Stocks"

On the verge of running out of bond to monetize, the ECB has engaged in something fed had expected: it is buying bonds from itself. But according to a troubling Reuters "trial balloon" that may be just the beginning: as Reuters writes, the "ECB may soon be forced to follow the Bank of Japan's example and buy equities as part of any expanded stimulus programme."

Sep 02 10:02

Putin’s spokesman comments on US sanctions expansion, recalls reciprocity principle

He said the sanctions rhetoric is a dead-end track. "We are not talking about sanctions," Peskov said. "We do not consider such rhetoric constructive, promising and one contributing to solution of any problems."

The U.S. government on Thursday once again expanded the list of Russian individuals and legal entities subject to unilateral American economic sanctions, including sectoral, in connection with the conflict in Ukraine. The list has been supplemented with 17 individuals and 19 companies. The list of those subject to sectoral sanctions has in particular been expanded to include a number of Russian energy giant Gazprom subsidiaries.

Sep 02 10:01

US spreads its anti-Russian sanctions to several shipbuilding, logistics companies

U.S. Department of the Treasury has expanded the list of Russian companies and organizations embraced by the anti-Russian sanctions.

The new entries added to it are the Zvyozdochka shipbuilding yard in the Arkhangelsk region and the Sovrakht-Sovmortrans logistics group.

The sanctions also target the Zaliv shipyard in the Crimean port city of Kerch and the STM-Krym logistics company.

The DoT said the epxansion of the sanctions list targeting several dozen individuals and legal entities had been enacted in the wake of the conflict in Ukraine.

Webmaster's Commentary: 

A conflict started by the US!

Sep 02 10:00

Merkel won't give up on 'dead' US trade deal

German Chancellor Angela Merkel on Thursday stressed her continued support for an EU-US trade agreement being negotiated but recently declared dead by her deputy and by a French minister.

Sep 02 09:44

94,391,000 Not In Labor Force…

Sep 02 09:02

US exceptionalism: How dare the EU demand US companies pay more tax!

Boy - what a load of anger. How dare these Europeans expect US multinationals to pay corporation tax at the same rate as everyone else! Don’t they know that US multinationals are different!

What we're seeing here is another aspect of US exceptionalism in the neoliberal/neocon era. The same exceptionalism which decrees the US has the right to bomb/invade countries at will, in blatant contravention of international law - also decrees that its right and proper giant US corporations should be given preferential treatment by foreign tax authorities.

Sep 02 08:56

London ‘Old Money’ Elite Priced Out By World’s ‘Super Rich’

London’s housing problem is well known to all who pay its sky-high rents, but now even the elites are finding it hard to find a home as the world’s super-rich take over the city’s poshest neighborhoods.

Lawyers, financiers and even ‘old money’ families are being priced out of Mayfair and Chelsea by foreign buyers, forcing them to move to areas they would have previously scorned. As a result, “both overt and covert racism” has emerged in these privileged demographics due to the displacement by non-British investors.

Sep 02 08:47

It Starts: Rents Drop in 10 of the Top 12 US Markets

The construction boom of apartment and condo buildings around the US, especially in high-priced metro areas on the East Coast and the West Coast, is now colliding with the reality of squeezed household incomes and soaring rents. As a consequence, in many of the hottest markets – including San Francisco, where the explosion in rents is called “The Housing Crisis” – rents have started to drop.

Sep 02 08:07

Hanjin Bankruptcy Causes Global Shipping Chaos

The bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion, with giant container ships marooned and merchants worrying whether tons of goods will reach their shelves.

The bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion, with giant container ships marooned and merchants worrying whether tons of goods will reach their shelves.

The South Korean giant filed for bankruptcy protection on Wednesday and stopped accepting new cargo. With its assets being frozen, ships from China to Canada found themselves refused permission to offload or take aboard containers because there were no guarantees that tugboat pilots or stevedores would be paid.

[READ MORE: The Second Lives of Shipping Containers]

Webmaster's Commentary: 

This will impact the delivery of some goods to the mainland US; but out here, in the Hawaiian islands, the impact will be intense.

I took a copy of an article about this to the manager of the local supermarket where Mike and I shop a lot, and left it for him, and told the checker who put it in his office, that if I were this manager, even though we were on the eve of a holiday weekend, to please email or text the URL to his boss on the mainland, because the ultimate effect of this might be huge.

Sep 02 07:50

Physical Gold Delivery Failure By German Banks

The physical gold delivery failure to clients of Deutsche Bank who own Xetra-Gold, the gold exchange traded commodity, was confirmed yesterday by Deutsche Bourse who said that the inability to deliver gold was not limited to Deutsche Bank and that other German banks were having “problems” delivering gold.

Sep 02 07:45

Hillary's American Legion Address: A Near-Declaration of War on Russia

According to Parkes, Western monied interests believe the solution to precarious world economic conditions adversely affecting business is global war for its profit potential.

He envisions a scheme to provoke belligerence against Russia, launching WW III. Whether he’s right or wrong remains to be seen.

Clearly, US hostility toward Russia risks the unthinkable. Possible East/West confrontation is too great a risk to ignore - especially if Hillary succeeds Obama, a war goddess, a neocon Russophobe.

Sep 02 07:44

Our View: As if doctor bills weren’t high enough already

Aphysician who sees patients every day — patients with health insurance — Dr. Laura Dean of suburban St. Paul hears the complaint often.

“I pay more and more and I get less and less,” she said her patients are telling her.

Can you relate? Most Minnesotans would nod yes.

“So they come in to see me, and they have a problem, and I want to order an ultrasound. They say, ‘I can’t afford the ultrasound because my insurance won’t cover the ultrasound until I’ve hit my cap,’ which is now $10,000 or $15,000. So they’re paying a big premium cost (and) they’re not having everything covered until they’ve hit a huge cap. And so people are choosing not to have tests that they might need to diagnose or to treat their problems,” Dr. Dean said in an interview this week with the News Tribune editorial board; she was traveling with her husband, Rep. Matt Dean, who was speaking in Duluth, which this editorial will get to in a bit.

Sep 02 07:13

Insurers propose massive increase in individual health insurance rates in Minnesota

Insurers on Thursday asked to raise premiums by an average of more than 50 percent for customers on Minnesota’s individual insurance market.

Massive proposed premium increases weren’t a surprise, coming on the heels of national market turmoil, the end of a federal subsidy for insurance companies and the withdrawal of a major insurer from Minnesota’s market.

Sep 01 16:03

Apple Won’t Pay The €13bn Unpaid Tax To Ireland – Max Keiser

Apple ordered to repay record €13bn to cover unpaid EU tax. Max Keiser comments.

Sep 01 14:37

Congress Officially Says "Banks Are the Top of the Pyramid"

Found this in the Congressional archives from 1974 – with details showing that the top 8 banks own most of the media, utility companies, gas & energy and other sectors of the economy... control over the U.S. is assumed, even by the Senate.


Via InformedDissent. Please subscribe/share.

Sep 01 14:33

Germany’s Largest Bank Refuses “Deliveries of Physical Gold” After Customer Request

If enough people demand physical possession at one time, the bank or institution could be caught with its pants down, and it is possible that this is a case of avoiding that position by simply refusing to even meet that demand.

Clients of Germany’s biggest bank who have invested in the exchange-traded commodity Xetra-Gold are facing problems when they want to obtain physical gold, according to German analytic website Godmode-Trader.de. Xetra-Gold is a bond on the Deutsche Börse commodities market, and Deutsche Bank is a designated sponsor. On the website, Xetra-Gold says its clients have the right for physical delivery of gold.

Read more at SHTF

Sep 01 14:11

Xetra-Gold's Responds To Deutsche Bank's Failure To Deliver Physical Gold

In the latest stunning development involving a documented failure of a bank to deliver physical gold when demanded, yesterday we reported that according to German website godmode-trader.de, a client of the Xetra-Gold Exchange-Traded Commodity was told the fund's designated sponsor, Deutsche Bank, would be unable to deliver the requested gold. This was contrary to the explict reps and warrantiesmade explicitly in the Xetra-Gold's prospectus, which said that investors are entitled to the delivery of the certified amount of physical gold at any time, and proudly added that "since the introduction of Xetra-Gold in 2007, investors have exercised this right 900 times, with a total of 4.5 tons of gold delivered."

Maybe they should give me a paper receipt from the Federal Reserve or Fort Knox!

Sep 01 11:20

Wal-Mart To Fire 7,000

Setting the mood ahead of tomorrow's "critical" for the Fed's September rate hike decision payrolls report, moments ago, WSJ reported that Wal-Mart Stores plans to cut 7,000 back office positions around the country, a restructuring move that in addition to seeking to improve its efficiency, will drastically alter the layout of its workforce, which as recently as a year ago was delighted by WMT's minimum wage price hikes.

Sep 01 11:07

Apple Ordered to Pay $14 Billion in Europe for Dodging Taxes

Apple is facing a huge tax bill in Ireland. The multi-billion dollar company was ordered this week to pay a record-breaking €13bn in back taxes to Ireland.

The European Commission made the ruling after a three-year investigation that found Apple had only paid $55 in taxes for ever $1.12 million it made in European profits. That essentially made its tax rate 0.0005 percent for the year 2014. The usual rate for corporation tax in Ireland is 12.5%. The €13bn owed equates to roughly $14.5 billion USD.

According to the commission, Apple and Irish tax authorities entered into an illegal tax deal that was allowing Apple to pay a minimum tax rate of just 1%. The deal violated rules on state aid.

Webmaster's Commentary: 

"Will you take it in iPhone 6'es???"

Sep 01 10:44

US Manufacturing Crashes Into Contraction In August, Election Uncertainty Blamed

Following China's rising (official) and tumbling (Caixin) PMI data overnight, US Manufacturing prints this morning were both weak. PMI modestly disappointed, dropping from July's 52.9 and August's preliminary 52.1 to 52.0 final with new orders and employment sliding. Markit's explanation is simple: "there's anecdotal evidence to suggest that this at least in part reflects a slowing in the economy in the lead up to the presidential election." We guess productivity has been declining for the same reason for the last 9 months? ISM had already rolled over in July, and August's collapse (from 52.6 to a contractionary 49.4) has erased the dead cat bounce hopes of Q2. Across the board, ISM factors deteriorated with new orders plunging.

Dead cat bounce is dead again...

Webmaster's Commentary: 

It's not "electoral uncertainty" which is driving this contraction: people and smaller companies just don't have the money to buy products, period, end of discussion.

Sep 01 10:40

The Last 7 Times (Since 1970) This Happened, The US Economy Entered Recession

The slowdown in US construction spending growth is rapidly becoming another fiction-peddling chart that President Obama, Janet Yellen, and equity market bulls need to ignore...

Since 1970, each time growth has slowed this much, the US economy has plunged into recession...

Webmaster's Commentary: 

THAT is indeed scary.

Sep 01 10:35

A ¥9 Trillion Hole Emerges Inside The BOJ's Balance Sheet: "It’s A Pretty Dangerous Situation"

When it comes to accounting conventions, the Fed and the BOJ differ in one major way: unlike the Federal Reserve, the BOJ counts its bond holdings at the purchase price, minus amortization costs. In the old days before NIRP this wasn't an issue because with positive yields, it meant that with time, the value of any central bank bond purchases would accrete through maturity and never lead to a booked loss; however under NIRP, it means that the BOJ is purchasing hundreds of billions in bonds at prices that are so high they guarantee a loss, meaning that by maturity the central banks will face a cumulative loss on the face value of recent bond purchases.

From a purely accounting standpoint, it means that a gap has opened on the BOJ's balance sheet, representing the difference between the book and face value of the central bank's monetizations.

Webmaster's Commentary: 

Considering how banks and economies are so closely interlinked, this gap could well create a tsunami effect with other countries' economies as well.

Sep 01 10:32

Supply-Chain Contagion Arrives - "Global Trade" Roiled, Cargo-Owners Panic In Wake Of Hanjin Bankruptcy

When we reported on the stunning collapse of South Korea's Hanjin Shipping, the country's largest shipping firm and the world's seventh-biggest container carrier, which earlier today was granted court receivership after losing the support of its banks, we speculated that "the global implications from the bankruptcy are unknown: if, as expected, the company's ships remain "frozen" and inaccessible for weeks if not months, the impact on global supply chains will be devastating, potentially resulting in a cascading waterfall effect, whose impact on global economies could be severe as a result of the worldwide logistics chaos."

We did not have long to wait for the aftershocks to emerge. As we first reported last night, just hours after the insolvency news hit the tape, three Hanjin ships promptly found themselves stranded off the California coast, stuck - together with the hundreds of tons of cargo - in legal and financial limbo.

Webmaster's Commentary: 

Please, if you live in isolated areas of the country (or don't) NOW would be a good time to stock up on the basics; storable food, water, medications, etc.; the financial and logistical blowback from this could be a real bear, folks!

Sep 01 10:17

Wal-Mart to Cut 7,000 Back-Office Store Jobs

Wal-Mart Stores Inc. plans to cut thousands of back office positions around the country, a sign that the retailer’s effort to make its cavernous stores more efficient is also changing the face of its workforce.

The country’s largest private employer is eliminating about 7,000 U.S. store accounting and invoicing positions over the next several months, jobs mostly held by long-term employees, often some of the highest paid hourly workers in stores. The retailer wants those employees working with shoppers, not in backrooms, say company executives. Centralizing or automating much of those tasks is more efficient, they say.

The jobs are coveted as a rare desk job in retail. “You are not running around the store on your feet all day,” and receive decent pay, says a Wal-Mart store accounting employee who earns about $13 an hour, or $27,000 a year. “Everybody wants to get in there. The jobs never open up,” says this person, who has worked at the store for nine years.

Webmaster's Commentary: 

Looks as though these layoffs will come right before Christmas!!

How wonderful for these soon to be sacked Wal-mart Workers!!

Sep 01 10:04

WALMART To Cut 7,000 HIGH PAYING JOBS

Sep 01 09:49

Now manufacturing defies gloomy post-Brexit forecasts with figures for August showing the biggest rise in activity for 25 YEARS

He said the sharp improvement in sentiment calls into question the Bank of England's decision to cut interest rates from 0.5 per cent to 0.25 per cent at the beginning of August.

Sep 01 09:23

Austria joins calls to stop TTIP trade deal with US

Austrian politicians have added their voice to calls to halt negotiations between the EU and the US on the free trade deal known as TTIP.

Sep 01 09:08

Global Supply Chains Paralyzed After World's 7th Largest Container Shipper Files Bankruptcy, Assets Frozen

... today the largest casualty finally emerged on Wednesday when South Korea's Hanjin Shipping, the country's largest shipping firm and the world's seventh-biggest container carrier, filed for court receivership after losing the support of its banks, leaving its assets frozen as ports from China to Spain denied access to its vessels.

Hanjin Shipping is Korea's largest and one of the world’s top ten container carriers that operates some 70 liner and tramper services around the globe transporting over 100 million tons of cargo annually. Its fleet consists of some 150 containerships and bulk carriers.

As Reuters reports, banks led by state-run Korea Development Bank withdrew backing for the world's seventh-largest container carrier on Tuesday, saying a funding plan by its parent group was inadequate to tackle debt that stood at 5.6 trillion won ($5 billion) at the end of 2015

Webmaster's Commentary: 

This event may be the start of a global economic death spiral.

Sep 01 08:44

7 Out Of 10 Millennials Are "Disengaged" From Meaningful Employment

Gallup recently released what it described as the "most robust and comprehensive study of the millennial generation" combining more that 30 separate studies involving more than 1 million respondents. In summary, the report found Millennials to be disengaged, aloof and completely incapable of prioritizing their own workload all while requiring constant pats on the back from management. Well, we could have told you that (and we have on many occasions) without doing any research at all.

Webmaster's Commentary: 

We are seeing another "Lost Generation" of young people who have grown up with the constant reminder that it doesn't matter how hard they work, their lives will not get any better ... so why bother?

Sep 01 08:43

Global Supply Chains Paralyzed After World's 7th Largest Container Shipper Files Bankruptcy, Assets Frozen

After years of relentless decline in the Baltic Dry index today the largest casualty finally emerged on Wednesday when South Korea's Hanjin Shipping, the country's largest shipping firm and the world's seventh-biggest container carrier, filed for court receivership after losing the support of its banks, leaving its assets frozen as ports from China to Spain denied access to its vessels.

Sep 01 08:39

Deutsche Bank Refuses Delivery Of Physical Gold Upon Demand

As Oliver Baron reports, those who ask for gold delivery at this moment, "could encounter difficulties." The reason is that according to Baron, a reader of GodmodeTrader "sought physical delivery of his holdings of Xetra-Gold. For this he approached, as instructed by the German Borse document, his principal bank, Deutsche Bank."

At that point then he encountered a big surprise: the Deutsche Bank account executive informed the investor that "the service", is no longer offered, namely exercising physical delivery at Xetra-Gold, for "reasons of business policy" and therefore the order form provided by Clearstream Banking AG for exercising Xetra-gold is no longer available.

Webmaster's Commentary: 

In short, despite the claim by the company that each paper ounce of gold is matched with a physical ounce, they have over-printed the paper, running their gold scheme on a fractional reserve basis, only holding enough gold for a "reasonable" expectation ot demands for delivery. For most people who bought these paper contracts, the gold is not actually there.

If you invest in gold, take it in physical. Buy a safe (and a shotgun). Keep it under your control.

Sep 01 08:25

Saudi measures to alleviate financial crisis failing

Saudi Arabia’s drastic measures to alleviate its cash crunch through loosening lending rules and direct money injections are reportedly doing little to solve the country's worst financial crisis in years.

Webmaster's Commentary: 

All of this goes back to that hair-brained plan to crush oil prices to try to wreck Russia's economy, which backfired and caused more damage to the US and its allies!

Sep 01 07:36

Avoid Paper Gold – “Gold Delivery” Refused By Gold Exchange Traded Commodity

“Delivery of gold” has been refused by a popular German gold exchange traded commodity (ETC), Xetra-Gold, which is offered by Deutsche Bank, in the latest example of the risk of owning gold exchange traded commodities (ETCs), exchange traded funds (ETFs) and indeed most institutional gold investment offerings.

Webmaster's Commentary: 
Sep 01 07:35

Pound jumps as UK manufacturing activity rebounds

The value of the pound has jumped after a survey indicated the UK's manufacturing sector rebounded sharply in August.

The Markit/CIPS purchasing managers' index (PMI) for the sector rose to 53.3 in August from July's figure of 48.3. A figure above 50 indicates expansion.

The weakening of the pound following the Brexit vote boosted exports, the survey found.

Sep 01 06:53

The day the lights go out and the trucks stop running

What would happen if some sort of major national emergency caused a massive transportation disruption that stopped trucks from running? The next time you talk to a trucker,

Sep 01 06:51

Defense contractors tell investors World War III is great for business

The mainstream media has been working overtime to position Putin’s Russia as our newest and most pressing international threat, and now even the most absurd events in media are

Aug 31 14:48

Why did Hillary Clinton allow Huma to be a triple-dipper?

Sen. Charles Grassley has been asking this question since 2013

Aug 31 12:16

MI town To Ticket Residents Over Mosquitoes, Standing Water

Fight Global Bug bites ! Demand a mosquito tax!

Aug 31 09:32

Norway Raids Sovereign Wealth Fund To Cover Government Expenses

Saudi Arabia isn't the only oil-dependent nation struggling to make ends meet in the wake of weak oil prices. For the first time since its establishment in 1996, the Norwegian government is starting to withdraw money from its sovereign wealth fund to cover government expenses. In fact, in the first half of 2016 the government has withdrawn $5.4 billion. Moreover, withdrawals are expected to accelerate in 2H 2016 reaching nearly $20 billion, a run-rate that would have them exceeding the fiscal limits imposed on fund withdrawals of 4% of assets, or $36 billion. To put those withdrawals into perspective, Norway's economy is roughly $375 billion and federal spending accounts for roughly 60% or $225BN. Therefore, a $20BN withdrawal in 2H 2016 represents roughly 18% of total government spending.

Aug 31 08:44

Finland Unleashes Helicopter Money In "Greatest Societal Transformation Of Our Time"

Finland is about to launch an experiment in which a randomly selected group of 2-3,000 citizens already on unemployment benefits will begin to receive a monthly basic income of 560 euros (approx. $600). That basic income will replace their existing benefits. The pilot study, running for two years in 2017-2018, aims to assess whether basic income can help reduce poverty, social exclusion, and bureaucracy, while increasing the employment rate.

Aug 31 08:27

Finland Unleashes Helicopter Money In "Greatest Societal Transformation Of Our Time"

Finland is about to launch an experiment in which a randomly selected group of 2,000–3,000 citizens already on unemployment benefits will begin to receive a monthly basic income of 560 euros (approx. $600). That basic income will replace their existing benefits. The amount is the same as the current guaranteed minimum level of Finnish social security support. The pilot study, running for two years in 2017-2018, aims to assess whether basic income can help reduce poverty, social exclusion, and bureaucracy, while increasing the employment rate.

Aug 31 08:22

I Get Paid To Write Fake Reviews For Amazon

Whether you need to find a motel in Winnipeg that doesn't reek of despair (good luck!) or track down the cheapest possible Chinese food in El Paso, internet reviewers have got your back. But some businesses have become so desperate for that elusive fifth star that they're paying for positive reviews online, a crime filthier than the rats running around that El Paso Chinese place. We spoke with Jessica Carson, a paid online reviewer, and she told us ...

Aug 31 07:56

Italian economy shattered as one in three jobless GIVE UP searching for work

A THIRD of jobless Italians gave up looking for work at the start of the year, amid rising fears for Italy’s economy.

A whopping 37.1 per cent of unemployed Italians joined the ranks of those who have stopped looking for a job altogether between the last three months of 2015 and the first quarter of 2016, according to Eurostat data.

The number of those now classed as inactive is double the European average of 18.9 per cent.

Aug 31 07:55

Judge Gives Cancer Patient 90 Days Of Jail For Being Too Sick To Pay Bills

Judge Milas “Butch” Hale from Sherwood, Arkansas has been accused of [allegedly] running a “modern-day debtor’s prison” after he recently sentenced a 44-year-old man with pancreatic cancer to 90 days in jail.

President and Executive Director of the Lawyers’ Committee for Civil Rights Under Law Kristen Clarke said of sentencing people like this to jail:

“People are doomed for failure when they appear before the court, and most significantly trapped in this never-ending cycle of expanding debt. With the resurgence of debtors’ prisons, we will continue to see people cycle in and out of jails and prisons across our country merely because of their inability to pay fines and fees tied to low-level, nonviolent offenses.”

Aug 31 07:37

Michael Lewitt: "We're In The Late Stages of Ponzi Finance"

Since Michael Lewitt, aka "The Credit Strategist" is one of our preferred bond market analysts, we enjoyed his latest interview by Financial Sense's Jim Puplava, where he discusses the only thing that matters: "are we on the verge of a massive market crash." It will hardly come as a surprise that Lewitt, author of The Committee to Destroy the World: Inside the Plot to Unleash a Super Crash on the Global Economy, argues that the problems we faced in the last recession haven’t been dealt with and, as a result, another crisis is likely, particularly when it comes to the opaque derivatives market. In sum, Lewitt believes we are “in the late stages of Ponzi finance.”

Webmaster's Commentary: 

Aug 31 07:29

Gold Withdrawals From The NY Fed Accelerate, Hit 388 Tons Since 2014

First it was Germany who redeemed 120 tons of physical gold from the NY Fed in 2014; then it was the Netherlands who "secretly" redomiciled 122 tons of gold; then last May, we learned that Austria would be the third "core" European nation to repatriate most of its offshore gold, held primarily in the Bank of England, redepositing it in Vienna and Switzerland.

That was just the beginning. Thanks to the latest NY Fed data, we now know that beginning in 2014 and continuing through yesterday, the gold "bleeding" from the vault located 90 feet below street level at 33 Liberty Street is not only continuing but accelerating.

Aug 31 07:11

Your Retirement Income is at Risk! (part two)

“Central banks create fiat money, denigrate gold, and try to convince the people that the money they print is wealth. That’s the great lie behind fiat money.”

Aug 31 06:30

Germans "Lose Faith In Banks", Rush To Buy Safes

First it was the news that Raiffeisen Gmund am Tegernsee, a German cooperative savings bank in the Bavarian village of Gmund am Tegernsee, with a population 5,767, finally gave in to the ECB's monetary repression, and announced it’ll start charging retail customers to hold their cash. Then, just last week, Deutsche Bank's CEO came about as close to shouting fire in a crowded negative rate theater, when, in a Handelsblatt Op-Ed, he warned of "fatal consequences" for savers in Germany and Europe - to be sure, being the CEO of the world's most systemically risky bank did not help his cause.

That was the last straw, and having been patient long enough, the German public has started to move. According to the WSJ, German savers are leaving the "security of savings banks" for what many now consider an even safer place to park their cash: home safes.

Aug 30 15:21

The central banks are now ready to launch their ‘brave new world’

The only solution is to expunge the parasites from our fiscal body. These institutions and the people behind them should not exist. Most if not all of our sociopolitical distress today could be cured if a “brave new world” meant wiping the slate clean and dispelling financial elites and central bankers into a bottomless pit.

Aug 30 15:17

When Are People Going To Figure It Out?

A rally in gold prices happened on Friday after Janet Yellen’s hint at a potential US rate hike in September. During the economic symposium at Jackson Hole, Wyoming, the US Federal Reserve Chair said the case for raising interest rates was gaining strength amid strong economic numbers. Gold rallied $20 an ounce with the dollar dropping against other currencies.

Aug 30 14:52

From The Battle Of Seattle To The Financial Crisis

I had many lessons from the Battle of Seattle, and one of them was that policewomen can deal it out as good as any policeman. I got beaten up, badly, by one of Seattle’s best. Yesterday, I decided go down memory lane and visit the scene of the crime. I remember seeing Medea Benjamin of Code Pink being treated fairly roughly and I rushed forward to try to get the police to stop. At that point, a policewoman rushed me and started beating me with her baton, while dragging me and dumping me on the street, with the coup de grace being a well planted kick to my derriere. But that was not the biggest blow of all. The biggest was to my ego: I deserved to be beaten and kicked, but wasn’t fit to be arrested.

Aug 30 14:27

Israel is ordered to pay Iran $1.2 billion by Swiss arbitrators

The Swiss Supreme Court has ruled authoritatively that Israel must pay $1.2 billion to Iran for unpaid oil bills stretching back 37 years, but guess what? — Israel refuses to pay!

Aug 30 08:49

Apple paid just €50 in tax for every million made in 2014, European Commission report finds

Tech giant Apple has vowed to overturn a record €13 billion bill after European chiefs found it had a sweetheart tax deal in Ireland.

In a landmark ruling following a three-year investigation, Competition Commissioner said the maker of iPads and iPhones paid just 1% tax on its European profits in 2003 and 0.005% in 2014.

Aug 30 08:33

Fear Spreads Of HOUSING CRASH In Canada

Aug 30 07:49

Obamacare Meltdown: We Don’t Need Gov’t to Provide “Safety Net” for the Poor

The decision of several major insurance companies to cut their losses and withdraw from the Obamacare exchanges, combined with the failure of 70 percent of Obamacare’s health insurance “co-ops, ” will leave one in six Obamacare enrollees with only one health insurance option. If Obamacare continues on its current track, most of America may resemble Pinal County, Arizona, where no one can obtain private health insurance. Those lucky enough to obtain insurance will face ever-increasing premiums and a declining choice of providers.

Aug 30 07:43

Vice-Chancellor: TTIP trade deal is dead

Vice-Chancellor Sigmar Gabriel said on Sunday that negotiations on a massive trade deal between the European Union and the United States were effectively dead in the water.

"The talks with the US have de facto failed because we Europeans of course must not succumb to American demands," he told public broadcaster ZDF.

"Nothing is moving forward."

Aug 30 07:35

Envoy: Iran-Russia trade up 70% in six months

Iranian Ambassador to Russia announced that the volume of Tehran-Moscow trade transactions has increased considerably since March 20 and visas issued to tourists and businessmen have also increased by 100 percent, said Iran's ambassador to Russia.

Aug 30 07:05

The Lightbulb Conspiracy (Full Length - English Subtitles)

Webmaster's Commentary: 

My rant about planned obsolescence triggered a few emails, so I am reposting this documentary. It starts out with English subtitles, but switches to spoken English after a few minutes.

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