ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jun 05 08:19

Merkel Panics! Tells British Voters That They Would Be Punished If They Vote Brexit

Panic is clearly setting in as Obama, followed by Merkel, are both trying to bully Britain into staying in the EU… warning that the UK would be punished if voters go for the Brexit option. This can only mean that it is clearly in the UK’s best interest to get the hell out of Brussels.

Jun 05 08:04

Soros and other billionaire controllers fund Muslim refugee invasion of U.S. to drive down worker wages and inspire domestic terror attacks

Much like the globalist contrived organization known as the Project for a New American Century (PNAC), brilliantly exposed by Michael Kane in a 2004 case study, a new and similar plan has hit the forefront that is being orchestrated and funded by billionaire controllers such as George Soros and others.

Jun 05 04:42

What Makes this Jobs Report so Truly Ugly?

Jun 05 04:33

Gold – a reasonable correction?

Jun 04 16:41

College debt is becoming a risky bet

As the nation’s collective student loan debt burden continues to surpass all other types of debt besides mortgages, it’s becoming less likely that borrowing money to go to school will result in a college degree.

Jun 04 16:37

Public educators to teach tots about trannys

New public education standards that could make their way to your state would require kindergarten teachers to tell children their gender has no basis in biology.

Jun 04 15:48

$50 Oil Doesn’t Work

Low oil prices, plus low commodity prices of other kinds, seem to indicate that we are reaching the end of the line in the “pump up the economy with debt” approach. We have been using this approach since 1981. At this point, we have no idea what economy growth would look like, without the stimulus of falling interest rates.

The drop in oil prices and other commodity prices since mid-2014 seems to represent a “shrinking back” of our ability to use debt to raise prices to a level sufficient to cover the cost of extraction, plus associated overhead costs, including taxes. This drop in prices should be an alarm bell that something is seriously wrong. Without continuously rising prices, to keep up with ever-rising extraction costs, fossil fuel production will at some point come to a halt. Renewables will not work well either, because prices will not be high enough for them to be competitive.

Of course, once the economy stops growing, the huge amount of debt we have amassed becomes un-payable. The whole system we have built will begin to look more and more like a Ponzi Scheme.

Jun 04 14:57

Taxpayers wasted billions of dollars on a war on cocaine that didn’t work, economists say

American taxpayers got a dismal return on their $4.3 billion investment in the Colombian drug war between 2000 and 2o08, according to a new analysis by economists at MIT and Colombia's Universidad de los Andes. In the paper, which will be published in the June issue of the Journal of Economic Behavior and Organization, Daniel Mejia and Pascual Restrepo analyzed the cost to U.S. taxpayers of the two big U.S.-funded anti-cocaine efforts in Colombia: eradication of coca plants via the aerial spraying of herbicides, and interdiction efforts to block cocaine transit routes and seize shipments of cocaine. These efforts took place under the umbrella of Plan Colombia, a decade-long U.S.-backed initiative to fight the drug trade and organized crime in Colombia.

Jun 04 08:38

A Big Test For The Little Stocks

Jun 04 08:32

THEY LIE SO THEY CAN STEAL

Jun 04 08:30

Deutsche Bank Experiences ATM Failures, Double Posting Errors

Some customers of Deutsche Bank are having problems withdrawing cash from ATMs, and also experiencing issues in paying by debit card. According to the Facebook and Twitter pages of the bank, here are increasing reports of account holders unable to access their funds electronically, according to Der Spiegel.

A German bank spokeswoman first declined to comment on the problem, but later conceded that there was ‘a technical glitch’ in online banking. Deposits and withdrawals were sometimes partially displayed twice or not ready, the bank said. However, the bank insisted that none of the these ‘double deductions’ have taken place.

Jun 04 07:18

The Welfare State Is Doomed

Jun 04 05:04

FUNNIEST BLS REPORT EVER

Jun 03 17:11

Companies Go Wild

Jun 03 16:32

Deutsche Bank Experiences ATM Failures, Double Posting Errors

Some customers of Deutsche Bank are having problems withdrawing cash from ATMs, and also experiencing issues in paying by debit card. According to the Facebook and Twitter pages of the bank, here are increasing reports of account holders unable to access their funds electronically, according to Der Spiegel.

Jun 03 13:39

No Lives Matter: Theaters of War and the US Military Industrial Complex

In today's post-modern world, media consumers are seemingly used to seeing footage on their televisions of country 'X' being bombed. No other country has embraced aerial warfare like the US has post WW2, with companies like Lockheed Martin and Raytheon becoming richer with every bomb dropped, and with every jet shot out of the sky... The above information, while alarming in itself, requires some context to really see the darkness surrounding the US air force. What follows are some examples of the US Military Industrial Complex doing what it does best - 'blindly' dropping munitions for financial profit.

Jun 03 12:50

Panama Papers: UK Chancellor Osborne To Testify At Europe-Wide Tax Evasion Inquiry

Chancellor George Osborne and other ministers clued up on Britain’s extensive network of tax havens will be asked to give evidence at a Europe-wide Panama Papers inquiry, according to draft documents.

The European Parliament in Brussels is poised to approve the creation of a 65-member “inquiry committee” on Thursday to target the tax avoidance industry.

Jun 03 10:12

Tax The Rich, Give To The Poor: LA County Seeks To Use Millionaires’ Money To Assist Homeless

Los Angeles County has one of the highest homeless populations, but the County Board of Supervisors has a bold plan to fight it: an income tax of half of a percent on personal incomes exceeding $1 million, which would generate an estimated $243 million.

In an effort to address the growing homeless problem plaguing Los Angeles County, the county government is seeking approval from both Governor Jerry Brown and the state legislature to levy a tax on its millionaires. Seventy-six percent of LA County residents are in favor of the tax, according to a Los Angeles County Homelessness Survey.

Jun 03 10:08

Deutsche Bank ATMs Block Cash Withdrawal Due To "Technical Glitch"

Desperate times, desperate measures?

Jun 03 10:03

US gains just 38,000 jobs, fewest in 5 years

Jun 03 09:29

Our Monetary System is a PONZI SCHEME

Jun 03 09:13

CLIMAX OF COLLAPSE | Jim Willie

Jun 03 08:49

Saudis rooting for Clinton to win White House: Oil analyst

“It is no secret that the Saudis and other [Persian] Gulf Sunni powers are rooting for Mrs. Clinton,” Bob McNally, president of Washington-based consulting firm Rapidan Group, told CNBC from Vienna on Thursday.

The Organization of the Petroleum Exporting Countries (OPEC) holds its semiannual meeting Thursday in Vienna, but is unlikely to announce any strategy changes.

McNally said that there is “a lot of concern and anxiety” about what a Donald Trump presidency would mean for the oil market.

Trump, the presumptive Republican nominee, has questioned the protective nature of the US relationship with Saudi Arabia.

He has suggested that the United States should consider ditching Riyadh because Washington is increasingly getting less dependent on overseas oil.

Jun 03 08:21

The damning cost of higher education

Jun 03 08:20

The Structure of Collapse: 2016-2019

Jun 03 08:02

WALL STREET BEHIND BRAZIL COUP D’ETAT

Brazil’s currency system under the Real is heavily dollarised. Internal debt operations are conducive to a rising external debt. Wall Street is intent upon maintaining Brazil in a monetary straightjacket.

Since the government of Fernando Henrique Cardoso, Wall Street has exerted control over key economic appointments including the Ministry of Finance, the Bank of Brazil and the Central Bank. Under the governments of Fernando Henrique Cardoso and Luis Ignacio da Silva (Lula), the appointment of the governor of the Central Bank was approved by Wall Street.

Jun 03 06:21

Aloha and Welcome to Paradise. Unless You’re Homeless.

Honolulu responded to what the governor called a state of emergency, passing tough criminal laws aimed at ridding sidewalks, streets and parks of homeless people.

Jun 03 06:15

Putin Bans Rothschilds From Russia

Brave Vladimir Putin has banned Jacob Rothschild and his New World Order banking cartel family from entering Russian territory “under any circumstances.”

Webmaster's Commentary: 

"INVADE! INVADE NOW! NOW, NOW, NOW!!!!" -- Official White Horse Souse

Jun 03 06:14

The German iron fist is smashing Europe apart: Merkel's brutal treatment of Greece means a peaceful and prosperous EU is a pipe dream

Amid the tumult over Brexit, an annual ritual is being played out which demolishes the notion that Angela Merkel’s Germany is a benign power working for the greater good of its partners in the European Union and the eurozone.

Berlin is demanding its pound of flesh from the government of Greece, which is beset by high debts, economic desolation, broken banks — and the flood of migrants that resulted from Merkel’s catastrophically mistaken open invitation to refugees from Syria.

June and July are when repayments on Greece’s loans are due, and when future repayment arrangements are negotiated.

And Germany, as Greece’s main creditor, is playing hardball — as it has every year for the past five years.
Protesters clash with riot police during a general strike in Athens in 2012 but we can expect more violent demos as Greeks rail at the German yoke

Jun 02 16:58

INFLATION INSANITY: Eggs Now $150 a Dozen in Venezuela as Prices for Basic Food Continue to Skyrocket

Can you imagine lining up around the block overnight just to be able to shop in a government-run, government-restricted grocery store where you have to be fingerprinted to enter and then your food is allotted to you so that you can only buy a limited amount of a certain item each month?

As the sharp drop in oil prices continues to destroy Venezuela’s economy, the IMF, who owns large portions of the developing world, is now predicting inflation will skyrocket to 720% in Venezuela this year.

Food prices are hitting astronomical rates. Pretty soon, it’s looking like hardly anyone will be able to afford to eat.

(read more)

Jun 02 16:55

BOOM: Blue Cross Blue Shield Requests Whopping 60% Rate Hike in 2017 Thanks to Obamacare

It’s a domino effect. Obamacare is imploding the nation’s health care system.

As more and more private health insurance companies complain of profit losses and pull out of states who refuse to hike rates to unaffordable levels, it is highly likely the situation will become unsustainable and ultimately used as an excuse for the government to take control over all healthcare, moving the US to a national system just like in the UK or Canada.

In fact, this is exactly what Senator Harry Reid said that Obamacare was a step towards when it was first rolled out: a single-payer national health care system. Now we’re watching it happen.

(read more)

Jun 02 16:54

What Hell Is Coming? Even Obama Is Warning Americans ‘To Prepare For Disaster’

Barack Obama doesn’t open his mouth unless it is to spin propaganda for an agenda. If disaster comes, will it be a false flag terror event, mega-natural disaster or total episode of civil unrest combined with martial law coming to America soon?

If Obama is the one telling you to get prepared for disaster, then it might already be too late. Obama stated:

One of the things that we have learned over the course of the last seven and a half years is that government plays a vital role, but it is every citizen’s responsibility to be prepared for a disaster. And that means taking proactive steps, like having an evacuation plan, having a fully stocked disaster supply kit. If your local authorities ask you to evacuate, you have to do it. Don’t wait.

Read more

Jun 02 15:04

U.S. Starts Huge Trade War With China

Jun 02 14:51

Barack Obama Warns Americans ‘To Be Prepared For A Disaster’

Unlike Venezuela, it looks like we may still have a little bit more time to prepare for what is ahead. Some people will relax and use this time to party, but those that are wise will work diligently and will do what they can to get ready for the exceedingly challenging times that are rapidly approaching.

Jun 02 14:20

It’s Like Magic: Obama Calls For More “Generous” Social Security Benefits

Of course, the "wealthiest Americans" don't have pockets deep enough to pay for all of the unfunded liabilities of the federal government, especially not when they're going to be taxed significantly to cover state pension deficits first.

Jun 02 13:31

UPDATE: How Did Hackers Steal $100 Million From The NY Fed?

Latest details here...

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Jun 02 11:51

How Does The COMEX Fix This One?

Jun 02 10:42

Just Your “Average” Stock Pullback?

Jun 02 10:30

OBAMACARE ARCHITECT ANNIHILATED

The crucifixion of Jonathan Gruber...

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Jun 02 10:22

Faber: stocks will fall, dollar will collapse

Jun 02 10:08

BHS faces liquidation as administrators say sale impossible

11,000 jobs at retail chain at risk after sale hopes dashed

Jun 02 10:03

OBAMA BLAMES ‘RIGHT-WING RADIO’ FOR MAKING ‘PEOPLE THINK BIG GOVERNMENT IS THE PROBLEM’

President Obama visited Elkhart, Indiana on Wednesday and during a town hall meeting blamed "right-wing radio" for distorting his economic record and for making "people think big government is the problem."

"I hope you don't mind me being blunt about this," the president said, "but I've been listening to this stuff for a while now and I'm concerned when I watch the direction of our politics."

When Obama visited Elkhart seven years ago, the unemployment rate was near 20%. Now, he boasts that the rate has dropped to around 4% in the city and 5% across the state.

The president seems to be on a legacy tour, promoting his tenure in the last remaining months he has at the White House. So, every opportunity must be used to blame the vast right-wing conspiracy, especially Fox News and talk radio.

We don't need talk radio to tell us big government is the problem, Mr. President. Our Founding Fathers warned of it long ago.

Webmaster's Commentary: 

A memo to President Obama; sir, in every possible metric, except the deal with Iran, you have been a profound disappointment to those people who supported you over the Republican candidates during the last two elections.

And am I, as are so many million Americans, experiencing "Supporters' regret?!?

Hell yes, sir.

Your Bureau of Labor Statistics conveniently "forgets" those who have not participated in the labor force for some time. As reported at cnsnews.com, in October 2015:

A record 94,610,000 Americans were not in the American labor force last month -- an increase of 579,000 from August -- and the labor force participation rate reached its lowest point in 38 years, with 62.4 percent of the U.S. population either holding a job or actively seeking one.

Under your watch, child poverty is up scarily;and educational performance from nation's kids is declining.

Under your watch, the US government now has close to a 20 trillion dollar deficit.

The middle class is rapidly disappearing, thanks to continuing outsourcing/offshoring of jobs, again under your watch.

People who voted for you did not realize that the unintended consequence of such a vote would plunge them into serfdom, where many are now working 3-4 part time jobs to barely replace the decent money they were making from their former job which got offshored.

Americans have watched with great unease as your promises of "no boots on the ground" in both Syria (where the US military has not been invited) and Iraq (where we are barely tolerated) have been absolutely thrown out the window, and it is now confirmed that we have troops on the front lines in both countries.

Libya is an utter disaster, and there is talk of the US military having to go back in again to sort out the mess.

Our Veterans are not being cared for at all, with many of them dying before they see a Doctor at the VA, and many of them have been declared dead, in order to enable the VA to not pay them the benefits they are owed.

That gaping hell-hole, better known as Guantanamo Bay, where torture is still practiced on its prisoners, is still open. Didn't you promise to close that, sir?!?

And let's talk about the pre-positioning of NATO and US troops and personnel in Eastern Europe as a provocation of Russia, shall we?!? It appears that you, and your administration, are hell-bent to get the US and NATO into a war with Russia. Over the last couple of years, NATO has been encircling Russia, and that encirclement is nearly complete, with Montenegro soon becoming the most recent member of NATO. Anyone with any sense, looking at a map, understands why this is so critical, when the US and NATO go to war with Russia.

And of course, let's not forget China, and the provocations our military has done in the South China Seas, with those alleged "Freedom of Navigation" exercises. This appears to set the US government on a collision course, militarily, with China, to prevent the rise of the gold-backed Yuan, which is not dollar-convertible.

What I have outlined above are incontrovertible facts.

And Mr. President, like so many of my brother and sister Americans, I an neither a rightist or leftist, but a centrist, when it comes to my political philosophy.

But thinking people in this country have the right to be concerned about "big government", not because it is big, but because it is collectively hubristic, believes it can do anything it wants to do with impunity, to benefit the money junkies, and is woefully, and thoroughly, dysfunctional.

THAT, sir, is the only logical conclusion about the state of American governance today.

Jun 02 09:52

Blame The Millennials.

Jun 02 09:48

OBAMACARE: Insurance Premiums Set To Explode Nationwide

Full details here...

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Jun 02 08:28

Flexible Labor Is the Future

Jun 02 08:27

'Carter’s visit suggests US preparing for war with China'

An American political analyst says US Defense Secretary Ashton Carter’s going over to the Southeast Asia region suggests that the United States is gearing up for war with China.

Webmaster's Commentary: 

Jun 01 16:46

Coming Destruction? Alan Greenspan Warns “Venezuela Under Martial Law and America Is Next”

Though most Americans are accustomed to having shelves full of food and goods, and enough money to keep going, this sense of security is quite false.

Even Alan Greenspan is warning why Venezuela today means "America is Next"

Read more at SHTFplan.com

Jun 01 15:47

The Banks Can Be Beaten

When the 2008 financial crash slammed the New York City construction industry, Maribel Touré’s husband lost his job as an architect. On top of that, Maribel suffered a serious accident.

But what really plunged the family into financial trouble was sending their daughter to college.

Jun 01 15:24

Statecraft: A Timeline of CIA Atrocities

The following timeline describes just a few of the hundreds of atrocities and crimes committed by the CIA. (1) CIA operations follow the same recurring script. First, American business interests abroad are threatened by a popular or democratically elected leader. The people support their leader because he intends to conduct land reform, strengthen unions, redistribute wealth, nationalize foreign-owned industry, and regulate business to protect workers, consumers and the environment. So, on behalf of American business, and often with their help, the CIA mobilizes the opposition.

Jun 01 15:20

Land of the Free? Not Economically…

Debt. Finally, our overspending has put us so much in debt that any number of respectable economists and scholars believe the whole nation will be broke in a decade or so. The government spends more every year than it takes in—we’ve had deficits in 45 of the last 50 years—so inevitably the total federal debt stands at $19 trillion now and keeps going up, $6 billion of it owed to foreign entities. The interest on that debt alone is $229 billion, eating up a large portion of the annual budget. I certainly wouldn’t rate a nation with that kind of government very high on the economic freedom scale. It’s something of a surprise we’re only Number 11.

Jun 01 15:13

Good News About Central Governments (They’re not sustainable)

In truth, our central government is what needs to be consigned to the scrap heap. They cannot create peace because they start wars over ego-embellishing missions more akin to that of Roman emperors. Who, by the way, drove their civilization into the ground with their central government. They cannot create prosperity because they confiscate the prosperity of the people and turn it into weapons used against innocent people elsewhere. Therefore, our central government is not sustainable. It might not be a drought that causes the United States to collapse, although that is certainly possible. It might be that we provoke a war with a nation we cannot defeat or underestimate and lose that war. It might be another economic collapse or the realization our money is backed by electrons. But one thing is certain: This central government will collapse and sooner than anyone thinks.

Jun 01 15:09

JPMadoff

JPMadoff: The Unholy Alliance Between America's Biggest Bank and America's Biggest Crook - Available Now.
Available NOW on Amazon.com.

Webmaster's Commentary: 

Website of today's radio guest!

Jun 01 15:07

Elitist Arrogance : Proof the Elite Hate the People

President Barack Obama, the Congressional Black Caucus, black state and local politicians, and civil rights organizations are neither naive nor stupid. They have been made aware of the unemployment effects of the labor laws they support; however, they are part of a political coalition. In order to get labor unions, environmental groups, business groups and other vested interests to support their handout agenda and make campaign contributions, they must give political support to what these groups want. They must support minimum wage increases even though it condemns generations of black youths to high unemployment rates.

Jun 01 15:06

11,700 Slaves Trapped In Modern Britain’s ‘Shadow Economy’ – Report

Slavery is rampant in modern Britain, with an estimated 11,700 people in enforced servitude, according to a new report.

While The Global Slavery Index applauded the UK for having “led the world” with its Modern Slavery Act, the organization highlights the plight of thousands of immigrants who live as forced workers in the shadow economy.

Jun 01 13:56

Basic Income: International Experience

Founded in 1986, the Basic Income European Network (BIEN) is the international NGO that promotes BIG around the world. It held its last conference “Re-democratizing the Economy” at McGill’s Faculty of Law in 2014. A North American congress is being held in Winnipeg in May 2016 and its 16th congress in July in Seoul, South Korea.

Jun 01 11:16

Invaders Given €10K Cash In Holland

Nonwhite invaders who swindle their way into the Netherlands are being given as much as €10,000 ($12,000) as free gifts in order to “settle in,” a shock survey in the Dutch-languageBrabants Dagblad has revealed.

The exact amounts paid out vary from region to region, and the cash is supposed to be used to buy furniture and other household necessities. There is no such subsidy for Dutch citizens.

Jun 01 10:13

THE FEDERAL RESERVE HAS CREATED AN UNPRECEDENTED DISASTER FOR PENSION FUNDS

The risk dilemma for investors has real-life consequences. Retirement plans, including Calpers and the New York State Common Retirement Fund, are lowering what they predict they can earn on their investments, a move that means workers and cities likely face higher contributions and taxes. For insurers, lower bond returns mean life-insurance policyholders pay more for coverage.

Guess who ultimately gets shafted because of all this? Yep, you guessed it.

The average American citizen.

Cheaper borrowing costs generally spur new investments from companies or consumers. But instead, global production is flat or declining, and consumers face stagnant wages that crimp their ability to spend.

Webmaster's Commentary: 

Absoflippinglutely unbelievable!!!!

This will most probably translate into more multi-generational families, with elderly parents desperately needing to move in with their adult, grown children because they don't have the funds they thought they would to sustain themselves after retirement.

So much for "the system" taking care of them, when they believed that their pension funds were safe and secure!

Jun 01 09:51

What Food Costs in Venezuela: Eggs $150 a dozen, Dry Milk $100 a pound

Now, those who are having difficulty finding food in Venezuela have another problem: being able to afford it. Food costs in Venezuela have soared so high, they’re practically extraterrestrial. Those who didn’t stock up on emergency food back before the government there made it illegal are now probably fervently wishing they had.

Here’s a crash course on hyperinflation.

Jun 01 09:44

This is a good sign why gold is resting

Jun 01 09:41

OVER HALF OF EVERY TAX DOLLAR YOU GIVE TO UNCLE SAM IS SPENT ON THIS

Most people probably don’t think too much about this, but are you aware of just how much of your income is being used to fuel the military industrial complex?

Conveniently omitted from the corporate/state-run media organizations is the fact that some 53 percent of your tax dollars are spent on the military. That’s right, more than half of the money you give to Uncle Sam for the privilege of being American income is spent directly on military.

In 2011 the budget for the US Government was over 3 trillion dollars, while military spending included a $717 billion request from the pentagon, $200 billion towards “overseas contingency funding” for the two major conflicts we are engaged in, and $40 billion in black budget intelligence which includes the CIA, NSA, and other agencies where the amount of money given is never fully disclosed.

Webmaster's Commentary: 

This is what is immoral to the core about US military spending; it is predicated upon claiming the physical resources of other countries to which the US government has absolutely no moral right.

I have a family member who is a professor emeritus of Constitutional Law, and a very bright guy.

When we talk, he frequently mentions that if the US government had been smart some time back, and spent just a fraction of what we have spent (and will be spending in the future) in Iraq on practical, alternative energy resources (the kind which can power a tank or a plane), we would have never gone into Iraq to secure the oil pipelines in the first place.

Unfortunately, logic - and the US government - have not had an in-depth relationship for the last 30 years, as the US government has has fallen under the Svengali-like spell of the money junkies who fund campaigns of those who do their bidding.

I mean, after all, it's never their kids who fight, bleed, die, and get maimed for life to enhance these corporations' bottom line; it's always other people's kids, and for the money junkies, that is a perfectly acceptable loss, because those kids doing the fighting are irrelevant, in their minds .

They are NOT irrelevant in my world.

This is why the money junkies, corporations and banks love Hillary Clinton; that is because they understand that she will deliver more wars; more income inequity; more offshoring/outsourcing of jobs; and more driving down of the middle class into absolute serfdom: and of course, that is precisely their vision for this country.

Jun 01 09:40

Basic Income: Helicopter Money

About 10% of Canadians live in poverty. That figure is even higher in major cities, such as Toronto where the number of children living below the line is nearly 25%. In India, 22% of the people live in poverty. A “guaranteed annual income” (GAI) could wipe out this poverty at a stroke.

Jun 01 09:04

Bankers Forced out of Metals?

Jun 01 08:53

Russia and Saudi Arabia dump $50bn in US assets

Jun 01 08:50

‘Employers Have An Incentive To Work People Long Hours’

It’s no secret that those Americans who are working are working more hours for less pay than in decades–and suffering for it. And while it’s true wealthy people may be finding new clandestine ways to tuck money away, some of the core causes of working people’s problems are more out in the open, in the demonstrable erosion of worker wage protections.

Jun 01 08:46

US Accused of Undermining the World Trade Organization

Members of the WTO, including Brazil, Japan, and the EU, raise red flags as the United States intervenes in the work of the global trade court.

Jun 01 07:56

Keep out: State Dept urges Americans not to visit Europe

Europe is not the place to be for American tourists this summer, according to the State Department. A travel advisory warns US citizens there is a risk of terrorist attacks on tourist sites and major events in the Old World until the end of August.

Webmaster's Commentary: 

"Besides, we need you to spend those tourism dollars right here at home!" -- Official White Horse Souse

Jun 01 07:32

Every third child in Berlin now dependent on welfare

Child poverty is on the rise across Germany. But in the national capital and Bremen the situation is particularly severe.

Webmaster's Commentary: 

Germany is being bled dry to prop up the rest of the EU. If Britain leaves the EU, expect Germany to follow, even if it means a pink slip for Merkel.

Jun 01 07:10

This Could Soon Lead to the Collapse of the U.S. Dollar

“I did not have sexual relations with that woman.”

“Read my lips: no new taxes.”

"We were not trading arms for hostages.”

Politicians are professional liars. They do it every day. And they usually do it without any consequences.

I’d bet that Bill Clinton, George H. W. Bush, and Ronald Reagan, who told the three lies quoted above, didn’t think twice about them.

But the lies would all come back to haunt and humble them.

Jun 01 07:03

The Big Mac Peso-Dollar Blues in Mexico

Although Mexico’s economy has grown at a steady rate during the lion’s share of this fledgling century, Mexican workers’ real salaries have barely shifted. In fact, over the last four decades, Mexicans’ purchasing power has not just stagnated, as has happened in many Western nations, in terms of minimum wage, it has shrunk by 78%. In 1976, a family on minimum wage could buy four times as much as today.

So bad have things become that when CNN’s Spanish edition did a study comparing the minimum statutory wage of over a dozen Latin American countries set against each country’s performance on the Big Mac index, with the US Dollar as the benchmark currency, Mexico came in 13th out of 13, behind a host of much smaller, weaker economies.

May 31 18:48

The Five Stages Of Central Bankers’ Failure

Central bankers must accept the complete and utter failure of their policies if we are to move forward.

Central bankers are now in the denial and anger stages of Kubler-Ross’s famed stages of loss: denial, anger, bargaining, depression and acceptance. Central bankers are in denial that all their trillions of dollars, euros, yen and yuan have completely and utterly failed to achieve the desired result: “organic” (i.e. unmanipulated by central states/banks) expansion of productivity, investment and household earnings.

May 31 17:41

Shady Deal: Goldman Sachs, Hillary Clinton’s Son-In-Law & The Greek Economy

Goldman Sachs will interminably, thanks to Matt Taibbi at Rolling Stone, conjure up images of “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” The vampire squid has now popped up in the middle of a potential new scandal involving the Clintons, while uproar over its payment of $675,000 to Hillary Clinton personally for three speeches is still simmering. Clinton, a presidential candidate, has thus far refused to release the transcripts of those speeches, despite numerous editorials calling on her to do so.

May 31 17:03

The Stasi spying on children: It's an Orwelllian new scheme - a State snooper for EVERY child in Scotland compiling a dossier on their family life... and it has chilling implications for us all

Just imagine that you are a parent and one of your daughters cuts the hair off the Barbie dolls belonging to her younger sister. Cue screaming, shouting and tears before bedtime. But it’s the kind of thing that happens in families, isn’t it? In later years the crew-cut Barbies will be chuckled about over Sunday lunch. ‘Do you remember when . . .’

May 31 13:23

When 87,000 Job Cuts Isn't Enough

May 31 11:45

Goldman Sachs Financed Hillary Clinton’s Son-in-Law to Make Bullish Greek Bets After It Structured Unseemly Greek Debt Deals that Hobbled that Country

On May 10, the New York Times gently dropped a bombshell on the hedge fund investing world of New York’s one-percenters. Hillary and Bill Clinton’s son-in-law, Marc Mezvinsky, who married their only child, Chelsea, in an opulent 2010 wedding, was shuttering the Eaglevale Hellenic Opportunity Fund after it had lost 90 percent of its value. That is a staggering loss for a hedge fund, which is, as its name implies, supposed to have hedges in place to prevent that kind of loss.

Webmaster's Commentary: 

Absoflippinglutely unbelievable, but with people like these money junkies, completely normal behaviour.

May 31 11:36

WILL WE NEVER LEARN? THE ECONOMIC LESSONS FROM VENEZUELA’S CURRENT COLLAPSE

SHOPS ARE BEING LOOTED AS VENEZUELA’S CITIZENS, WHO LIVE ON TOP OF THE WORLD’S LARGEST OIL RESERVES, ARE LITERALLY STARVING AND DYING FOR LACK OF FOOD AND MEDICINE; ALL WHILE THE COUNTRY’S GOLD RESERVES ARE BEING SOLD TO FINANCE ITS DEBT. WITH 1.8 MILLION SIGNATURES ON A PETITION FOR A REFERENDUM ON NICOLAS MADURO’S PRESIDENCY, THE COUNTRY IS THREATENING TO BECOME A FAILED STATE.

Venezuela is in crisis…

The 50th anniversary of China’s Cultural Revolution is a reminder of what can happen when all orthodoxy is tossed out the window. Venezuela’s current catastrophe is another: A country that should be rich is suffering the world’s deepest recession, highest inflation, and worst deterioration of social indicators. Its citizens, who live on top of the world’s largest oil reserves, are literally starving and dying for lack of food and medicine.

Webmaster's Commentary: 

Yes, the Maduro government did miss the mark on their economic policies. However, there is one issue on which this article is notably silent, and that is the following, as reported last spring at the washingtonpost.com in March of last year:

Lost amid the Iran kerfuffle this week was a curious decision by the Obama administration to declare Venezuela an “extraordinary threat to the national security” of the United States, in order to levy sanctions against individual Venezuelan leaders. he general consensus is that the sanctions strengthen rather than weaken Venezuelan president Nicolás Maduro’s political position. From the New York Times’ William Neumann: Suddenly, the United States is being cast again in the familiar role of the hemispheric bully trying to push around its smaller neighbors. And Mr. Maduro has taken on the mantle of victim, stirring up patriotic support at home, setting the opposition on the defensive and declaring that “we will never kneel before this arrogant empire that attacks and threatens” his country. “The optics of this are really just awful,” said David A. Smilde, a sociology professor at Tulane University who lives part time in Venezuela. “It was a strategic mistake. I think the Maduro government is going to get a lot of play out of this.” So this begs the question: why take a step that gives an authoritarian zombie regime a new lease on life? Obama, it turns out, needs his own diversion right now. Or he will very soon if – and it looks increasingly likely – his administration decides in the coming weeks to remove Cuba from the State Department’s list of international terrorism sponsors.

That move is all but necessary for normalizing relations with the communist island. But it won’t sit well with U.S. conservatives, especially the Cuban-American congressional caucus, who will call the terrorism-list concession more proof that Obama is a foreign policy weakling who likes getting sand kicked in his face by the Castro regime.

Which is why Obama needs to flex his own beach brawn – and he’s betting that playing hardball with Venezuela will blunt the impending Beltway condemnation on Cuba.

So what President Obama did was to sanction Venezuela...in order to get a political buyoff on normalizing relations with Cuba.

Fast forward to this summer, and you have an absolutely miserable mess in Venezuela. And although the US sanctions against it were not the only culprits in creating this condition, they certainly have not helped.

How or when Maduro will decide - or be forced - to step down is, apparently, only a matter of time. It will depend on both the attitude of military toward Maduro, and what kind of conversations the Maduro government has - and will have - with the opposition leaders.

And you can bet your sweet bippy that many of those in DC are anxiously awaiting for a more "US-Centric government" to come to power when Maduro leaves.

May 31 11:18

BANKSTER EVIL INTENSIFIES: NOW THEY WANT TO LOOK INSIDE YOUR SAFETY DEPOSIT BOXES (AND THROW OUT WHAT THEY DON'T LIKE)

According to a letter sent to clients last month, a copy of which was obtained by the South China Morning Post, the bank said that under new conditions of its leases for safety deposit boxes it had the right to dispose of any items it considered illegal, of an “offensive” nature or likely to be a “nuisance”, in any way it saw fit and without prior notice or consent. The letter did not clarify what HSBC meant by “offensive” or “nuisance”, and did not explain under what circumstances bank staff would be able to inspect the boxes.

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May 31 10:49

Anti-Austerity protests sweep across Italy, Spain

Thousands of Italians have taken to the streets of Rome and several other major cities to express their resentment with the austerity policies imposed by the government of Prime Minister Matteo Renzi.

During the Saturday anti-austerity rallies, the demonstrators, mostly students and activists, chanted slogans against the government and accused the premier of triggering a war on the poor people.

The riot police also scuffled with protesters and apprehended a number of them, while others burnt flares and hurled eggs at the police.

Webmaster's Commentary: 

It may be time to update the design on an old tool!

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