ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Feb 11 17:06

Standard & Poor's downgrades Kazakhstan, Bahrain, Oman and even Saudi Arabia

International rating agency Standard & Poor's downgraded credit ratings of Kazakhstan, Bahrain and Oman on Monday amid a sharp drop in oil prices, a press release from the agency said.

Kazakhstan's rating was lowered to "BBB" with a negative outlook from "BBB +". The agency downgraded Bahrain's rating to "BBB-" with a negative outlook from "BBB". Oman's rating was downgraded from "A" to "A-" with a negative outlook.

Feb 11 16:16

RANT: ‘Benefit Cheats’ RAIDED While HSBC Assists Terrorists?!

Yesterday, I covered a story that exposed HSBC as working with terrorists, royals, drug barons and celebrities to help them avoid paying taxes. Today, I was trying to enjoy lunch when I came across a news story so outrageous that I was almost forced to seek medical assistance for shock. British Police launched a dawn raid, not on HSBC, but families accused of benefit fraud. Benefit fraud isn’t a great thing obviously, but let’s put it into perspective.

Don’t forget this is the same country that is currently hunting people down for attempting to buy copies of Charlie Hebdo and letting people die by cutting spending on healthcare to balance a budget.

Feb 11 15:44

Keystone pipeline clears Congress, sets up Obama veto

Congress gave final approval to the Keystone XL pipeline on Wednesday, clearing the bill for President Obama, who has vowed a veto.

The House voted 270-152 to pass the bill, which had already passed the Senate late last month. Twenty-nine Democrats joined with all but one Republican in backing the pipeline in the House.

Keystone would bring oil from the tar sands of Alberta, Canada, into the U.S. where it will be refined and then shipped.

Feb 11 15:33

Restore the Bank of Canada

The Bank of Canada, unlike the Federal Reserve in the U.S., is wholly owned by the people of Canada. It was nationalized in 1938 and was used very successfully to fund infrastructure, social programs, education, etc, for the benefit of all Canadians. It was used to bring us out of the depression, funded WWII, to build highways such as the McDonald-Cartier freeway, public transportation systems, subway lines, airports, the St. Lawrence Seaway, our universal healthcare system and our Canada Pension Plan.

Unfortunately, since Canada adopted economist Milton Friedman’s theory of monetarism in 1974 this has not been the case and one can track the progression of the dismantling of Canada since then.

Feb 11 15:29

Europeans Do Not Want to Die for Kiev - Former German Minister

Former German Minister for Economic Cooperation, Erhard Eppler, said that Ukraine's economic revival depends on the cooperation with Russia, as the EU cannot cope with the recovery of Ukraine alone.

The visit of German Chancellor Angela Merkel to the United States once again showed that there is no unity between Brussels and Washington on the situation in Ukraine, former Minister for Economic Cooperation, Erhard Eppler, wrote in his essay in the German newspaper “Sueddeutsche Zeitung.”

Eppler stated that Europe is interested only in the peaceful settlement of the conflict and underlined the key role of Russia in this process.

Feb 11 14:47

Canadians Sued The Bank Of Canada & Won. Mainstream Media & Government Blacks Out Story

Recently, constitutional lawyer Rocco Galati won yet another round of appeals set forth by the Bank of Canada in a case involving two Canadians who filed an action in federal court to restore The Bank of Canada to its original purpose and operations. This is a very significant story but you probably haven’t heard of it. Why? The mainstream media and government have blacked out the story for reasons that appear to stem from fear of how the public will react to realizing they’ve been systematically enslaved for decades.

Feb 11 14:46

Constitutional Lawyer Rocco Galati: Restore The Use Of The Bank Of Canada Lawsuit Press Conference

Feb 11 14:44

BANK OF CANADA LAWSUIT Why Is Canada Borrowing Money at Interest From Private Banks Instead of Using BOC, As We Did Before 1974?

The Case To Reinstate The Bank Of Canada

Feb 11 13:59

Bank of Canada Semi-Secret Law Suit - Michael Rivero - Febuary 10, 2015

Feb 11 13:04

Capitalism is Leaving the Building with the Military. You? Erratic Lights & Water, potholed Roads, sagging Bridges, Crumbling Schools,& Hospitals, Dead Postal Service…

The fact that the Monopolists have won the game makes no difference to your tax dollars – they are still used to pay off mountainous usurious (illegal, immoral, impossible-to-pay-back) National Debt instead of ‘infrastructure maintenance’, which is what goverhment is supposed to be all about: You, The People.

Feb 11 12:11

Record Number of Americans Gave Up US Citizenship in 2014

While the debate over undocumented immigrants in the US dominates the political landscape, a record number of Americans are pursuing the American Dream abroad.

Feb 11 12:10

Obama slams Staples, corporations for Obamacare-tied cuts: ‘Shame on them’

President Obama didn’t take kindly to Staples executives who slashed worker hours due to what they said was the need to curtail expense related to Obamacare, saying such corporations can “well afford” to pay.

Webmaster's Commentary: 

No, we CAN'T! American businesses were already hovering at the edge of collapse before ACA and the higher costs will and are driving many of them over that edge into bankruptcy and closure. Add the the fact that the Obamacare-compliant health insurance isn't worth the paper it is on which means Americans who have been forced to buy those policies are being driven into bankruptcy by the unpaid portions of their medical bills!

Washington DC and Wall Street are still laboring under the delusion that there is still vast amounts of wealth out here in the heartland and all they have to do is figure out how to scam it out of us all. But the well is dry, the barn is empty, the cookie jar has no more to give.

Feb 11 09:45

It’s Only A Matter Of Time Before Greece Exits The Euro

Greece is beginning to dominate global news once again as the newly elected party, Syriza, is trying to renegotiate the country’s debt with its creditors, mainly the ECB. Both sides appear to be playing chicken which is creating uncertainty in financial markets with both Europe and U.S. markets recently stalling.

Feb 11 09:15

Our House of Cards — Paul Craig Roberts and Dave Kranzler

As we have reported on a number of occasions, whenever the price of gold in the futures market starts to rise, massive uncovered shorts are suddenly dumped on the market. As the shorts dramatically increase the supply of future contracts all at once, the supply overwhelms demand, and the price of gold is driven down despite the fact that the demand for gold in the physical market is strong. (Remember, the price of gold is determined in the futures market in which contracts are largely settled in cash and seldom in gold. The physical market is where gold bullion is purchased, not paper claims on gold for speculation.)

Feb 11 08:17

Fed mobilizes against Rand Paul's audit legislation

The Federal Reserve is mobilizing against Sen. Rand Paul's increasingly popular effort to audit the central bank.

“This is about interfering with the making of monetary policy. I respect the gentleman from Kentucky, but he’s wrong,” said Federal Reserve Bank of Dallas President Richard Fisher on Fox Business Monday evening.

Webmaster's Commentary: 

Under the Constitution, only the government has the authority to make monetary policy, not a privately-owned central bank. And because the Constitution does not authorize the delegation of transfer of such authority, it would require a Constitutional amendment to do so. The federal Reserve is hence unconstitutional and the deb owed by the American people to the private central bankers is null and void.

Feb 11 08:09

Greek PM Tsipras: Reform on our own terms

Ahead of emergency eurozone talks, Greek Prime Minister Alexis Tsipras has refused to bend on his country's demand of renegotiating a bailout. The solution for Greece must come from Greece, he has said.

Feb 11 07:59

Russia, Greece foreign ministers to discuss finance, energy cooperation, Ukraine crisis

The foreign ministers of Russia and Greece, Sergey Lavrov and Nikos Kotzias, will meet in Moscow on Wednesday to discuss cooperation between the two countries in finance, energy, transport and education spheres alongside developments in Ukraine.

Webmaster's Commentary: 

If Greece leaves the EU and the Euro, and aligns with Russia, it blows the whole US "encirclement" of Russia out the window!

Feb 11 07:57

EU institutions never discussed Russia’s disconnection from SWIFT — source

EU institutions never discussed the issue of Russia’s disconnection from the SWIFT international bank message system, a European source said at a briefing on Wednesday ahead of an extraordinary EU summit on February 12.

The EU summit is expected to discuss the Ukraine crisis.

"This issue was never considered by EU institutions and I would not speculate on this topic," the European diplomat said.

Feb 11 07:56

Russia to take over presidency in BRICS Business Council on April 1

The summits of the Shanghai Cooperation Organization and BRICS countries are scheduled to be held in Ufa, the capital of Russia’s Volga republic Bashkiria, on July 8-10, 2015

Feb 11 07:31

The Case to “Reinstate” the Bank of Canada

There is a very interesting legal case that is playing out in Canada at the moment. William Krehm, Anne Emmett, and COMER (The Committee for Monetary and Economic Reform: http://www.comer.org/) filed a lawsuit on December 12th, 2011, in Federal Court to try to force a restoration of the Bank of Canada to its mandated purposes. In essence, they want the Bank of Canada to provide interest-free loans to the federal, provincial, and municipal governments, as provided for in the Bank of Canada Act.

Webmaster's Commentary: 

This is getting zero corporate media coverage. Canada's government has ordered the Canadian media to suppress this story and I am getting emails from Canadian readers that links to the story are blocked in Canada. A Google news search returns only this one article.

Feb 10 18:32

“Grave” repercussions for NATO if Greece turn to Russia

Kammenos, who is a member of the Independent Greeks, the right-wing party who formed a coalition with left-wing Syriza after they failed to secure a majority in January’s elections, warned that: "Plan B is to get funding from another source. It could be the United States at best, it could be Russia, it could be China or other countries."

Feb 10 13:06

“It’s complete horse sh*t!”: Watch an Ivy League professor dismantle GOP’s austerity lie

As devoted readers of Paul Krugman know well, there’s plenty of evidence from the last six years indicating that austerity, the idea that the government can best boost the economy by engaging in significant tax hikes as well as spending cuts, simply doesn’t work — at least not in today’s economic conditions. With the U.S. going through a period of significant GDP growth, a decrease in the unemployment rate and a falling deficit, it’s a lesson that holds less salience today than it did in years past. But in the eurozone economy, the application of “expansionary austerity” has been vigorous — and rather unsuccessful.

Feb 10 10:44

Bring Back The Bradbury!

Webmaster's Commentary: 

'Britain's temporary equivalent to Lincoln's Greenback and Jack Kennedy's Silver backed US Treasury Notes. These Bradbury Pounds were issued at the beginning of World War 1 to prevent a run on the banks and the request most ironically seemed to come from the banks themselves! These 'interest free' notes were issued as a form of 'national credit and were signed by John Bradbury, the then secretary to the Treasury, rather than the chief cashier of the 'Bank of England', Britain's private central bank (it certainly was back then prior to 1946).

They were soon withdrawn after the liquidity crisis was over as it limited the banks from making a healthy profit from the war.

Feb 10 09:56

Staples Threatens To Fire Staff For Working More Than 25 Hours A Week

n 2015, an Affordable Care Act provision requiring large employers to offer health insurance to staff working more than 30 hours a week kicked into effect. Now, some part-time staff at Staples say management has become extra vigilant about limiting their hours.

Webmaster's Commentary: 

No surprise here.

After all, Obamacare was NEVER about affordable health care for Americans; the legislation was written by the medical insurance companies to insure that their profits stayed predatorily high, while shafting the American consumer with huge deductibles, and items not covered, if someone had a hospital visit.

Feb 10 09:55

Is Soros Preparing A Color Revolution For Greece?

For those watching the developments from afar, the hope is that the spark in Greece will light the brushfire across Europe and the rest of the world that says “No!” to austerity and banker domination of national economies.

Yet, while the signs coming out of Greece may seem positive at first, there is an ominous cloud approaching – the cloud of George Soros and his color revolution apparatus.

Feb 10 08:45

Silver and Gold Truth Versus Fiat Lies

What do loss of confidence, loss of faith in financial systems, and pervasive lies have to do with gold and silver? The answer begins with: Gold is far more truthful money – central banks can’t print it or create it from “thin air.” Dollars, euros, yen and others are fiat currency units based on confidence and debt (not assets) and are supported by government mandates that these pieces of colored paper and computerized digits shall be accepted as money.

Feb 10 08:39

The World's Best Known Global Shipping Index has Crashed To Its Lowest Level Ever

Having fallen for 47 of the last 51 days, The Baltic Dry Index (tracking the cost of shipping dry bulk from iron ore to grains) has been collapsing in a well-documented manner by Zero Hedge (though not the mainstream media). With Cramer having told investors of its importance previously, it will be hard to ignore the fact that, as of this morning, the index of global shipping costs has never (ever) been lower at 554. We leave it to readers to decide what they think this means (but we already know what it means for shippers and ship-building companies).

Feb 10 08:39

If You Listen Carefully, The Bankers Are Actually Telling Us What Is Going To Happen Next

Are we on the verge of a major worldwide economic downturn? Well, if recent warnings from prominent bankers all over the world are to be believed, that may be precisely what we are facing in the months ahead. As you will read about below, the big banks are warning that the price of oil could soon drop as low as 20 dollars a barrel, that a Greek exit from the eurozone could push the EUR/USD down to 0.90, and that the global economy could shrink by more than 2 trillion dollars in 2015. Most of the time, very few people ever actually read the things that the big banks write for their clients. But in recent months, a lot of these bankers are issuing such ominous warnings that you would think that they have started to write for The Economic Collapse Blog. Of course we have seen this happen before. Just before the financial crisis of 2008, a lot of people at the big banks started to get spooked, and now we are beginning to see an atmosphere of fear spread on Wall Street once again.

Feb 10 08:13

NY Times Changes Tune on Oil Price Drop Motive – NOW: Saudis (& USA) vs Russia

Those relying on the notoriously servile NY Times are now learning, several weeks late, that the recent drop in oil prices is likely politically motivated.

Mike Whitney reports (“The Fallujah Option for East Ukraine”):

Until this week, the mainstream media dismissed the idea that the Saudis were deliberately pushing down oil prices to hurt Russia. They said the Saudis were merely trying to retain “market share” by maintaining current production levels and letting prices fall naturally. But it was all bunkum as the New York Times finally admitted on Tuesday in an article titled: “Saudi Oil Is Seen as Lever to Pry Russian Support From Syria’s Assad”. Here’s a clip from the article:

Webmaster's Commentary: 

And like so much of US foreign policy, this one was not thought all the way through as to the harm it would cause the rest of the world.

Feb 10 08:06

These are the FACTS

Feb 09 13:29

Greece's leaders stun Europe with escalating defiance

Greece’s finance minister Yanis Varoufakis has spelled out the negotiating strategy of the Syriza government with crystal clarity.

“Exit from the euro does not even enter into our plans, quite simply because the euro is fragile. It is like a house of cards. If you pull away the Greek card, they all come down,” he said.

“Do we really want Europe to break apart? Anybody who is tempted to think it possible to amputate Greece strategically from Europe should be careful. It is very dangerous. Who would be hit after us? Portugal? What would happen to Italy when it discovers that it is impossible to stay within the austerity straight-jacket?”

Feb 09 10:46

ISRAELIS HOLD 10 BILLION DOLLAR$ IN SECRET OFFSHORE ACCOUNTS

Israel is ranked sixth on a list of nations whose citizens held the largest amounts of funds in secret offshore Swiss bank accounts belonging to HSBC, with Israelis holding a total of 10 billion dollars in combined accounts.

Feb 09 08:46

The World's Best Known Global Shipping Index has Crashed To Its Lowest Level Ever

Having fallen for 47 of the last 51 days, The Baltic Dry Index (tracking the cost of shipping dry bulk from iron ore to grains) has been collapsing in a well-documented manner by Zero Hedge (though not the mainstream media). With Cramer having told investors of its importance previously, it will be hard to ignore the fact that, as of this morning, the index of global shipping costs has never (ever) been lower at 554. We leave it to readers to decide what they think this means (but we already know what it means for shippers and ship-building companies).

Webmaster's Commentary: 

With numbers looking like this, it appears, economically, that the excrement is going to hit the ventilator, globally, and with extreme force, very soon.

Feb 09 07:46

Greece's Tsipras defiant over economic plans

Prime Minister Alexis Tsipras of Greece has said he is sticking to plans to roll back austerity and rejecting an international bailout extension.

Feb 09 07:39

The Troubling Case of Professor Stephen Cohen and the American Association for Slavic, East European, and Eurasian Studies

What’s the problem? Well, Cohen is not only a well-known scholar, he is a prominent public intellectual and commentator on U.S.-Russian relations. Recently he has criticized in print and on television U.S. and European policy in Ukraine. This has led some journalists and “pundits” (but few, if any, scholars) to claim that he is “Putin’s American toady,” as The New Republic put it. He has also been branded an “apologist,” a “useful idiot,” and a “dupe.”

Feb 09 07:36

"We are going to destroy the Greek oligarchy system"

Feb 09 07:35

Syriza Official Vows to Kill EU-US Trade Deal as 'Gift to All European People'

An official with Greece's newly elected Syriza party may have sounded the death knell for a proposed EU-U.S. trade deal that has faced a mountain of opposition from civil society.

The deal is the Transatlantic Trade and Investment Partnership (TTIP), now facing its eighth round of talks between negotiators this week in Brussels.

The TTIP, which would be the biggest trade deal ever, has been criticized as a corporate-friendly deal that threatens food and environmental safety under the guise of "harmonization" of regulations.

Georgios Katrougkalos, now deputy minister for administrative reform, confirmed what he had told EurActiv Greece ahead of his Syriza party's victory last week: that his parliament would not ratify the trade deal.

Feb 09 07:34

Yanis Varoufakis Sums Up Europe In One Sentence

"A clueless political personnel, in denial of the systemic nature of the crisis, is pursuing policies akin to carpet-bombing the economy of proud European nations in order to save them."

Feb 09 07:18

With 26 Trillion In Currency Derivatives At Risk, The Day Of Reckoning For The Euro Has Arrived

This is the month when the future of the eurozone will be decided. This week, Greek leaders will meet with European officials to discuss what comes next for Greece. The new prime minister of Greece, Alexis Tsipras, has already stated that he will not accept an extension of the current bailout. Officials from other eurozone countries have already said that they expect Greece to fully honor the terms of the current agreement. So basically we are watching a giant game of financial “chicken” play out over in Europe, and a showdown is looming. Adding to the drama is the fact that the Greek government is rapidly running out of money. According to the Wall Street Journal, Greece is “on course to run out of money within weeks if it doesn’t gain access to additional funds, effectively daring Germany and its other European creditors to let it fail and stumble out of the euro.”

Webmaster's Commentary: 

Russia has rolled out the red carpet to Greece. The EU hard line may shove Greece down that path!

Feb 09 07:14

Whistleblower: AG nominee in $1 billion Obama cover-up

New revelations are emerging that could implicate Loretta Lynch, President Obama’s attorney general nominee, in the world’s largest banking scandal.

As WND reported, Lynch, as the U.S. attorney for the Eastern District of New York, oversaw the investigation in 2012 of drug-related international money laundering allegations against London-based HSBC Holdings LLC.

As a result of HSBC agreeing to a settlement requiring the international bank holding company to pay the U.S. government more than $1.2 billion in fines for money laundering, Lynch’s office agreed in return not to press criminal charges against any bank employee of the U.S.-based HSBC subsidiary.

Feb 09 07:13

US government faces pressure after biggest leak in banking history

Questions for Department of Justice and IRS after disclosure of leak revealing HSBC’s private Swiss bank helped clients to conceal undeclared ‘black’ accounts

Feb 09 07:09

Russian stock market hits 3.5 yr high

The ruble-denominated MICEX index has gained 2.38 percent reaching 1,736, its highest level since July 2011. Markets rallied on rising oil prices, after Brent reached $58 per barrel.

Feb 09 06:51

Moscow & Cairo to drop USD, use national currencies in bilateral trade – Putin

Russia and Egypt might soon exclude the US dollar and use their national currencies in the settlement of accounts in bilateral trade, Russian President Vladimir Putin said in an interview to Egyptian media ahead of his Monday visit to the country.

The issue of abandoning the dollar in trade is “being actively discussed,” Putin told Al-Ahram daily newspaper ahead of his two-day trip to Egypt. The Russian president was invited for a bilateral meeting by his Egyptian counterpart Abdul Fattah al-Sisi.

“This measure will open up new prospects for trade and investment cooperation between our countries, reduce its dependence on the current trends in the world markets,” Putin said.

Webmaster's Commentary: 

The number of countries exiting the US dollar, for country-to-country exchange, is beginning to feel like an exodus.

And who can blame the countries which are moving away from the dollar when the only thing supporting it is a massive military arsenal?!?

Feb 09 06:50

Greece’s other dispute with Germany

As Athens challenges Berlin on austerity measures, another longstanding conflict hangs in the background — that of World War II reparations

Feb 09 06:30

A Day Of Reckoning For The Euro Has Arrived – 26 TRILLION In Currency Derivatives At Risk

This is the month when the future of the eurozone will be decided. This week, Greek leaders will meet with European officials to discuss what comes next for Greece.

According to the Bank for International Settlements, 26.45 trillion dollars in currency derivatives are directly tied to the value of the euro.

Let that number sink in for a moment.

To give you some perspective, keep in mind that the U.S. government spends a total of less than 4 trillion dollars a year.

The entire U.S. national debt is just a bit above 18 trillion dollars.

So 26 trillion dollars is an amount of money that is almost unimaginable. And of course those are just the derivatives that are directly tied to the euro. Overall, the total global derivatives bubble is more than 700 trillion dollars in size.

Feb 09 06:29

Dragnet Closing in on US Citizens and Their Assets

TSA to Arrest Anyone Charged with any Crime trying to Come or Leave – including taxes ... The border is closing rapidly. First it was FATCA hunting Americans with any assets overseas whatsoever. Now just two days after taking charge of the committee chairing the House Homeland Security subcommittee hearing, U.S. Rep. John Katko introduced two bills. He is looking to effectively close the borders using terrorism as the excuse as always to hunt down Americans. Katko is a former federal prosecutor. So he knows precisely what he is doing writing a law that is so broad, that anyone suspected of a crime cannot leave the country. This is any crime. Keeping gold in a safe deposit box is money laundering carrying up to 25 years in prison.

Webmaster's Commentary: 

The borders are wide open to illegal immigrants, but closed to your wealth!

Feb 08 14:42

Banking Giant HSBC Sheltered Murky Cash Linked to Dictators and Arms Dealers

Secret documents reveal that global banking giant HSBC profited from doing business with arms dealers who channeled mortar bombs to child soldiers in Africa, bag men for Third World dictators, traffickers in blood diamonds and other international outlaws.

The leaked files, based on the inner workings of HSBC’s Swiss private banking arm, relate to accounts holding more than $100 billion. They provide a rare glimpse inside the super-secret Swiss banking system — one the public has never seen before.

Feb 08 14:41

Tsipras favours Greek jobless over creditors in defiant policy speech

The Greek prime minister, Alexis Tsipras, has announced his anti-austerity government programme in a defiant address that prioritised the jobless and destitute over international creditors who have lent the country more than $300bn (£200bn).

In his first policy speech before parliament, he said his government did not have the right to prolong the five-year bailout deal that has foisted austerity on Greece, and felt a duty “not to disappoint” those who had voted him into power.

“We see hope, dignity and pride returning to Greek citizens. Our obligation and duty is not to disappoint them,” he told the 300-seat house. “We realise that negotiations [with foreign lenders] won’t be easy … but we have faith in our struggle, because justice is on our side.”

Feb 08 09:50

Social housing tenants banned from using garden in Tower Bridge luxury development

Under the initial planning agreement approved in 2011, residents from an adjoining affordable housing block being built as part of the scheme would be given access to the same communal areas as those private residents purchasing property on the open market, according to London SE1.

Now Berkeley Homes, the developers behind One Tower Bridge, have won Southwark Council’s backing for an amendment that blocks social residents – who will be allocated flats from next month – from using a garden which sits on a first floor podium between the two buildings.

Feb 08 09:41

Andrew Jackson vs Bankers

Feb 07 10:30

Swiss National Bank Hints At Capital Controls

Even as the whispers that the imposition of capital controls by Greece, which is now running out of both time, negotiating leverage and tax money is just a matter of time, get louder with every passing day if not acknowledged by Greek officials yet, it was none other than one of the supposedly most "rock-solid" central banks in the world that fired a shot across the bow of global financial stability when it hinted that not Greece but another country may be the first to engage in capital controls. The country: Switzerland.

Webmaster's Commentary: 

IF true, the implications for the financial markets are staggering.

Feb 07 09:18

Wall Street Pays Bankers to Work in Government and It Doesn't Want Anyone to Know

Citigroup is one of three Wall Street banks attempting to keep hidden their practice of paying executives multimillion-dollar awards for entering government service. In letters delivered to the Securities and Exchange Commission (SEC) over the last month, Citi, Goldman Sachs and Morgan Stanley seek exemption from a shareholder proposal, filed by the AFL-CIO labor coalition, which would force them to identify all executives eligible for these financial rewards, and the specific dollar amounts at stake. Critics argue these “golden parachutes” ensure more financial insiders in policy positions and favorable treatment toward Wall Street.

“As shareholders of these banks, we want to know how much money we have promised to give away to senior executives if they take government jobs,” said AFL-CIO President Richard Trumka in a statement. “It’s a simple question, but the banks don’t want to answer it. What are they trying to hide?”

Webmaster's Commentary: 

A great question indeed, and one which should be answered with transparency; but will probably never be answered.

Feb 07 08:46

ISIS allegedly selling its new currency, pegged to US dollar

Gold dinar

According to locals in Mosul and the Twitter accounts of ISIS members and other people, the Islamic State has issued its own currency, the dinar. As noted here, the ISIS dinar is available in two gold coins, three silver coins and two bronze coins, minted with Islamic State approved imagery.

Webmaster's Commentary: 

"That DOES it! NUKE 'EM!" -- Official White Horse Souse

Feb 07 08:39

TSA to Arrest Anyone Charged with any Crime trying to Come or Leave – including taxes

The border is closing rapidly. First it was FATCA hunting Americans with any assets overseas whatsoever. Now just two days after taking charge of the committee chairing the House Homeland Security subcommittee hearing, U.S. Rep. John Katko introduced two bills. He is looking to effectively close the borders using terrorism as the excuse as always to hunt down Americans. Katko is a former federal prosecutor. So he knows precisely what he is doing writing a law that is so broad, that anyone suspected of a crime cannot leave the country. This is any crime. Keeping gold in a safe deposit box is money laundering carrying up to 25 years in prison.

Webmaster's Commentary: 

I have sounded like a chipped CD on this issue, but please, people with skills and kids, get the hell out of this country, and right now.

As for the claim that keeping physical gold is now considered money-laundering. This is something that is being lobbied for by the commodity brokers who trade in paper gold and silver, and sell 100 Oz of paper for every 1 Oz they actually have. Aware that the public is learning of this fraud and preferring physical over paper, the commodity brokers are trying to create a financial system where people can buy gold and silver, but ONLY in paper form, so they can go on playing their little scam. But the paper gold and silver has no more real value than a Federal Reserve Note; the cost of paper and ink. This is the beginning of the outlawing of real gold and silver to the people, leaving them with a paper illusion in its place.

Feb 07 08:26

India may reconsider $20 billion French Rafale jet deal in favor of Russia

India wants France to stick to the original terms of its deal to buy Rafale fighter jets, or it might call it off. If the manufacturers fail to comply, India may opt for the Russian designed Su-30 currently being produced domestically.

France’s Dassault Aviation still has a chance to ink the huge $20 billion medium multi-role combat aircraft (MMRCA) contract to deliver 126 Rafale fighter jets to the Indian Air Force if the company complies with the contractor’s original demands, India’s Defense Minister Manohar Parrikar said on Monday.

“Ultimately, it has to fit the RFP (request for proposal)... if it does not fit the RFP, nothing can be done,” said Minister Parrikar in an interview with the Headlines Today TV channel.

Feb 07 08:19

Only 44% Of U.S. Adults Are Employed For 30-Or-More Hours Per Week

Jim Clifton, the Chairman and CEO of Gallup, says that the percentage of Americans that are employed full-time has been hovering near record lows since the end of the last recession. But most Americans don’t realize this because the official unemployment numbers are extremely misleading. In fact, Clifton says that the official 5.6 percent unemployment rate is a “big lie”. Gallup regularly tracks the percentage of U.S. adults that are employed for 30 or more hours per week, and it is currently at 44.2 percent. It has been hovering between 42 percent and 45 percent since the end of 2009. This is extremely low. As I discussed the other day, there are 8.69 million Americans that are considered to be “officially unemployed” at this point. But there are another 92.90 million Americans that are considered to be “not in the labor force”. Millions upon millions of those Americans would work if they could. Overall, there are 101 million U.S. adults that do not have a job right now.

Webmaster's Commentary: 

The US government has no credibility, in ANYTHING it says, period, end of discussion.

Were President Obama to knock on my door, here on Oahu, and tell me the sun was shining, I believe I would have a moral obligation to walk outside and see for myself whether this was true or not.

But it's not only about economic numbers the government lies: it is about everything!!

Feb 07 08:13

Gang warfare on streets of Chicago fueled by Sinaloa Cartel heroin

The drug trade in Chicago has helped fuel pervasive gang violence that has resulted in a quickly rising homicide rate. Chicago ended 2014 with 425 murders, and this year the city had seen 30 slayings by the end of January.

Now, however, the heavy-hitters from the criminal class appear to be moving to Chicago from south of the border and using the city’s ever-growing Mexican population to camouflage themselves and recruit new members.

“It’s not a new phenomenon up here in Chicago,” Wichern said. “Like any population, there will be a small element that gets involved in criminal activities.”

Cook County police say that the neighborhoods of Pilsen and Little Village, both of which are about 82 percent Hispanic according to Census data, have become hubs for Sinaloa Cartel associates who traffic heroin, cocaine, marijuana and methamphetamine across the city and – with easy access to the Stevenson, Dan Ryan, and Eisenhower Expressways – across the country.

Webmaster's Commentary: 

And where is Chicago Mayor Rahm Emanuel in all of this mess?!?

Notably absent from any discussion or debate on the issue, and trying to get it at least somewhat under control, I see.

If the US government were going to make an intelligent move on the country's drug problems, they would simply decriminalize drugs, so the profit motive would absolutely disappear. Then, encourage people to get counseling, as did Portugal, which has done some incredible things in dealing with their addiction problems.

OF course, that...would be logical.

Feb 07 08:07

Irish student rape trial of ex-Goldman Sachs banker to begin

Jason Lee, a former Goldman Sachs executive who is accused of raping an Irish student during a party on Long Island, New York, in September 2013 is set to stand trial next week.

Feb 06 15:33

FLASHBACK - New York Stock Exchange sold to derivatives company in $8bn takeover

The New York Stock Exchange called time on two centuries of independence on Thursday, agreeing to an $8.2bn takeover that will hand control of the icon of American capitalism to an Atlanta-based energy trader.

The stock exchange's holding company, NYSE Euronext, has agreed to an offer of $33.12 a share in cash and stock from IntercontinentalExchange (ICE). ICE was founded in 2000, NYSE in 1817. The combined company would have headquarters in both ICE's home of Atlanta and in New York.

Webmaster's Commentary: 

Can you say "Collusion?"

Feb 06 15:31

U.N. Climate Chief: We're 'Intentionally' Transforming The World Economy

"This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time to change the economic development model that has been reigning for at least 150 years..."

Feb 06 13:42

Greece Exposes The Global Economy’s Achilles Heel

The new Greek political party, known as Syriza, the Coalition of the Radical Left, has done the unthinkable: they’ve dared to speak the truth.

Feb 06 12:40

A Game of Chicken

Basically, the current situation may be summarized with the following dialogue:

Germany to Greece: Nice banking system you got there. Be a shame if something were to happen to it.

Greece to Germany: Oh, yeah? Well, we’d hate to see your nice, shiny European Union get all banged up.

Feb 06 12:30

You're Selling Us War (But We're Not Buying) - Claire K. Rivero's latest!

Feb 06 11:13

Russians advised to pull their money out of banks and prepare for 'black market in cash'

A columnist for Russia's Vedomosti newspaper, a joint venture between the Financial Times and The Wall Street Journal, has advised readers to pull their savings out of banks and convert them into physical dollars.

Webmaster's Commentary: 

This is clearly an attempt by the Financial Times and The Wall Street Journal to trigger a bank run in Russia!

Feb 06 11:12

Creditors urge Cyprus to put foreclosure laws in gear

Cyprus (AP) — International creditors urged Cypriot authorities to keep their word and push through crucial foreclosure laws as Cyprus' finance minister insisted that the rescue program is bringing the country back to financial health.

Feb 06 11:07

money is debt and slavery

The Bank of Canada, unlike the Federal Reserve in the U.S., is wholly owned by the people of Canada. It was nationalized in 1938 and was used very successfully to fund infrastructure, social programs, education, etc, for the benefit of all Canadians. It was used to bring us out of the depression, funded WWII, to build highways such as the McDonald-Cartier freeway, public transportation systems, subway lines, airports, the St. Lawrence Seaway, our universal healthcare system and our Canada Pension Plan.

Unfortunately, since Canada adopted economist Milton Friedman's theory of monetarism in 1974 this has not been the case and one can track the progression of the dismantling of Canada since then.

Feb 06 10:59

Fed fires back at Rand Paul

The Federal Reserve is lashing out at Sen. Rand Paul’s plan to give Congress more oversight over the central bank, a proposal that could gain traction in the new Republican-led Congress.

Webmaster's Commentary: 

"But WHY?!? We're doing such a great job as it is!!!" -- Da FED

Feb 06 08:02

“Forgive Us Our Debts” – Debt Forgiveness Only Way To Prevent Global Depression

- Europe and western world is in a debt-fuelled deflation which is spiralling out of control

- Global debt has risen a massive $57 trillion or more than 25% in 7 years since the crisis of 2008

- Managed debt forgiveness is essential now to avoid chaos of defaults, mass unemployment depression and economic collapse

Webmaster's Commentary: 

"No!" -- Money Junkies

Feb 06 07:12

RadioShack employees: Tales from the walking dead

Employees from across the country in recent days have told CNNMoney similar stories of stores stripped of the more attractive merchandise from Apple (AAPL, Tech30), Samsung (SSNLF) or Beats by Dre. Instead mostly empty shelves showcase heavily discounted cables and other low-demand, low-value items.

Webmaster's Commentary: 

Radio Shack doomed itself when it abandoned its original model of supplying serious electronic hobbyists in favor of carrying and selling the exacts same trendy gadgets everyone else was selling.

Feb 06 06:57

Syriza Official Vows to Kill EU-US Trade Deal as 'Gift to All European People'

An official with Greece's newly elected Syriza party may have sounded the death knell for a proposed EU-U.S. trade deal that has faced a mountain of opposition from civil society.

The deal is the Transatlantic Trade and Investment Partnership (TTIP), now facing its eighth round of talks between negotiators this week in Brussels.

The TTIP, which would be the biggest trade deal ever, has been criticized as a corporate-friendly deal that threatens food and environmental safety under the guise of "harmonization" of regulations.

Georgios Katrougkalos, now deputy minister for administrative reform, confirmed what he had told EurActiv Greece ahead of his Syriza party's victory last week: that his parliament would not ratify the trade deal.

Webmaster's Commentary: 

Paul Craig Roberts is right; at this rate we can expect outright attacks on the Syriza government.

Feb 06 06:31

‘Blood Diamonds’ and Israel’s Diamond Export Industry

In November, members of the Kimberley Process (KP), meeting in plenary in South Africa, squandered what was probably their last good opportunity to ban the sale of all blood diamonds, including cut and polished blood diamonds which are an important source of funding for the nuclear armed regime in Israel which stands accused of the crime of apartheid, war crimes and crimes against humanity.

The governments with a vested interest in the diamond industry, that set up and control the KP, failed to amend the definition of a “conflict diamond” which is restricted to “rough diamonds used by rebel movements or their allies to finance conflict aimed at undermining legitimate governments”. All other diamonds associated with human rights violations evade the KP regulations.

Feb 06 06:20

‘EU will do anything to keep Greece in’

European leaders are desperately keen to keep the Greeks in the EU and they will do anything they can to persuade the Tsipras government to stay – but sooner or later, ‘Grexit’ is inevitable, David Coburn, UKIP MEP, told RT.

Webmaster's Commentary: 

"Anything" could include arranging a Kiev-esque coup, or as Paul Craig Roberts warns, the assassination of Greece's new government.

Feb 06 06:19

What Central Bank Defeat Would Look Like, In Charts

Deflation remains the enemy thanks to debt, deleveraging, demographics, tech disruption & default risks. US aggregate debt is today a staggering $58.0 trillion (327% of GDP); the number of people unemployed in the European Union is 23.6 million; Greece has spent 90 of the past 192 years in default or debt restructuring. 7 years on from the GFC... The massive policy response continues. Central bank victory means that lower rates, currencies, oil successfully boosts global GDP & PMI’s in Q2/Q3, allowing Fed hikes in Q4. Bond yields would soar in H1 on this outcome. Defeat, no recovery, and currency wars, debt default and deficit financing become macro realities.

Feb 06 06:09

JPMorgan profits from the food stamp scam while Americans are fed disease-promoting junk food

When the food stamp program was first created, the idea was to help struggling Americans stay afloat while they sought employment or other means of subsistence. But today, the program is essentially run by the banking cartel, which profits heavily from enrollees who more often than not purchase disease-promoting junk food that eventually lands them into welfare health programs, which in turn support the pharmaceutical cartels.

Feb 06 06:07

This Marked the Beginning of the End for the Central Banking System As We Know It

In 2013, the Bank of Japan launched a single QE program equal to 25% of Japan’s GDP. This was unheard of in the history of the world. Never before had a country spent so much money relative to its size so rapidly… and with so little results: a few quarters of increased economic growth while household spending collapsed and misery rose alongside inflation.

This was the beginning of the end. Japan nearly broke its bond market launching this program (the circuit breakers tripped multiple times in that first week). However it wasn’t until late 2014 that things truly became completely and utterly broken.

Feb 06 06:04

Shunned Greece Agrees To Boost Economic Cooperation With Russia

It's been an odd few days for Greece's new PM Alexis Tsipras. From being lambasted by Jeroen Dijsselbloem, shunned by Angela Merkel's henchmen, holding hands with Jean-Claude Juncker, and losing a key funding channel from Mario Draghi; Tsipras' anti-austerity platform has been 'supported' by Barack Obama and he has been invited for a visit to Russia by Vladimir Putin, and reminded that Russia is willing (and able) to provide financial aid if asked by finance minister Anton Siluanov. So headlines this evening from ekathimerini should not be entirely surprising that Putin and Tsipras have agreed to boost cooperation in the economy and energy, tourism, culture and transport sectors; and discussed the possible creation of a pipeline to carry natural gas from Russia to Europe via Turkey and Greece.

Feb 05 13:03

"Catastrophic Shutdown Of America's Supply Chain Looms" As West Coast Port Worker Talks Break Down

For those who have been following the recent ISM reports, one of the recurring concerns of respondents in both the manufacturing and service sector has been the congestion at West Coast Ports - which handled 43.5% of containerized cargo in the U.S and where transiting cargo accounted for 12.5% of US GDP - as a result of reduced work output by the local unions who have been more focused in recent weeks on ongoing wage hike negotiations.

Feb 05 12:22

Greece: The Big Picture Update, And Why Deutsche Bank Thinks Europe Will Fold

The Greek situation summaries Greece by Deutsche Bank's George Saravelos have consistently been among the best in the entire sellside. His latest Greek update, which is a must read for anyone who hasn't been following the fluid developments out of southeast Europe, which fluctuate not on an hourly but on a minute basis, does not disappoint.

Feb 05 12:21

Thousands Of Anti-ECB Protesters Gather In Athens In "First Greek Pro-Government Rally" - Live Feed

In what is being described as "the first Greek pro-government rally", thousands of people have gathered outside Greek Parliament in the infamous Syntagma Square to protest against a decision by the European Central Bank to restrict the eligibility of Greek bonds used as collateral from Feb. 11, rather than at the end of February. “ECB Chief Draghi chose to play Merkel’s game again and to blackmail the Greek people and the new Greek government,” is one of the charges being aired on the pro-SYRIZA quarters of cyberspace.

Feb 05 12:20

Whispers Of Greek Capital Controls Begin

That didn't take long: just hours after Greece entered the ECB countdown mode, with now just 23 days until midnight on February 28, when the ECB is set to yank the final pillar of liquidity support, the ELA - as it has warned before - it is time to start contemplating Plan B, or rather plan Z. A plan, which as described by Nordea's analyst Jan von Gerich, would be quite unpleasant for that nearly extinct class of Greeks, bank depositors, because the "plan", or rather blueprint, is a well-known one: capital controls.

Feb 05 12:19

‘Panic and jealousy’ – Rogozin blasts new US sanctions plan

The top Russian official in charge of the defense industry has called the US sanctions discriminatory, noting they often targeted companies whose products were on a par or better than American competition.
.

Feb 05 10:41

U.S. Pushes For War In Europe

It is pretty obvious that significant forces in Washington push for a big war in Europe, cold at least but hot if possible. European countries, aside from some small U.S. puppets, are well aware that they would be hit hard in such a war, and do not want it.

The U.S. wants to deliver additional weapons to Ukraine and to thereby goad Russia into such a wider war. The arguments made that such weapon delivers would somehow restrict Russia are just stupid and only hide the real plans: Escalation until Europe is (again) up in flames.

Should the U.S. win in its drive to escalate the situation by delivering more weapons to Kiev Russia will not cave in. History suggest that a Ukraine under NATO at its border is a deadly danger. Russia must and will take countermeasures. The U.S. will then cite those countermeasures as signs of "further aggression" and as justification for another round of escalation. A few more rounds of such and Europe will be up in flames.

Webmaster's Commentary: 

As an American who does love her country very much, but is seriously concerned about the directions its (alleged) leadership is taking it, I almost feel like writing Putin a letter of apology, stating, very explicitly, that it appears that the US Federal Government has, collectively, lost its mind.

Additionally, it is lying about the situations which drove Crimea to ask to become part of the Russian Federation; Russia did not "annex" Crimea. Crimea had been a part of Russia until the mid 1950's when Khrushchev, a native of Ukraine, annexed it to Ukraine. When Urkaine's former president, Victor Yanukovych was dumped in a US/ECB/ western-centric putsch, the people of Crimea realized that there was no legitimate leadership in Kiev.

And that is when they had the referendum, in what was characterized by observers as a free and fair election, to ask to join the Russian Federation.

Russia has done absolutely nothing wrong here, folks.

I keep going back to the statement the Moriarty character makes in the 2nd Sherlock Homes movie, featuring Morton Downey Jr. I am paraphrasing here, but it is something to the effect of knowing that war is coming, and the Moriarty character wants to have the lock on bullets and bandaids.

That is no less true today, from the companies which will make insanely extensive profits from their participation in the coming wars, be they in the Middle East, or in Ukraine.

Feb 05 09:54

Lawyer Sues Bank of Canada - You won't believe what happens

Feb 05 09:08

MORE lies on Indian gold imports (Bloomberg)

But this is not really good news. Why? To answer that, we need to flash back to the middle of 2013, when the One Bank first launched its economic terrorism at India, in order to attempt to curb Indian gold consumption.

Gold-Squeeze In India Stokes Silver Demand
How India Evaded The One Bank’s Gold-Embargo

At the time the One Bank began blackmailing India's government (via yet more currency-manipulation); India was importing gold at an annualized rate of 2,000 tonnes per year. Even more significantly; those import levels were occurring at what is generally the slowest time of the year for the Indian gold market: late spring/early summer. If India was importing gold at a rate of 2,000 tonnes per year, then when Bloomberg attempts to portray (current) imports of 940 tonnes per year as "good news", we know we're seeing yet another version of the old "fake good news" routine.

Feb 05 08:56

Paul Craig Roberts – The New Greek Government May Be Assassinated

Today Dr. Paul Craig Roberts stunned King World News when he said that the new Greek government may be assassinated because the stakes are so high. The former U.S. Treasury official takes KWN readers on a terrifying trip down the rabbit hole of government lies and assassinations, where the stakes are high and governments play for keeps.

Feb 05 08:32

President Of Euro Parliament Warns Greece Risks National Bankruptcy; Varoufakis Replies: "Greece Already Is Bankrupt"

As Reuters reports, the new Greek government must uphold its commitments to European partners and risks national bankruptcy if it does not, European parliament President Martin Schulz said in a newspaper interview...

"If Greece unilaterally changes the agreements, the other side is no longer obliged to stick to them," he said in an advance extract of an interview due to be published in business daily Handelsblatt on Thursday.

"Then no more money will go to Greece and the state won't be able to finance itself," Schulz was quoted as saying.

Webmaster's Commentary: 

This will put more pressure on Greece to leave the EU and merge with Russia.

Feb 05 08:31

ECB Revokes Greek Bonds as Collateral; ECB vs. Novices; Brass Knuckles

In a nutshell, the ECB unexpectedly and suddenly canceled acceptance of Greek bonds as collateral for liquidity funding unless Greece honors the existing deal.

Webmaster's Commentary: 

This will backfire. Greece will likely leave the EU and merge with Russia.

Feb 05 08:01

Dozens of European parliamentarians call for end to EU-Israel treaty

A group of sixty-three members of the European Parliament (MEPs) from across the five biggest political blocs in the parliament have called on European Union foreign policy chief Federica Mogherini to suspend the EU-Israel “association agreement.”

The association agreement facilitates largely unrestricted trade between the EU and Israel, allowing Israel to participate in a wide range of the EU’s programs. It also permits Israeli arms companies to receive EU funding.

The MEPs argue that allowing the agreement to stay in place despite Israel’s recent massacre of Palestinians in Gaza “sends Israel the message that its violations of basic principles of human rights will be tolerated.”

Feb 05 07:43

Wales follows Scotland and votes in favour of fracking moratorium

Another nail in the coffin of the UK shale gas industry was delivered today after the Welsh Government announced it would introduce a moratorium on fracking.

Ministers at the Welsh Assembly confirmed it would support a Plaid Cymru motion to effectively ban drilling plans until the full health and environmental impacts are properly studied and understood.

Feb 05 07:42

The video European leaders don't want you to see

Just last week, a new leak on the world’s dirtiest trade deal emerged that confirmed our worst fears about TTIP. The deal gives big business unprecedented power over decision-making across Europe. And the losers will be us - European citizens.

Feb 05 07:40

Is the Gold Trade Over? Not According to These Metrics

Ask anybody about why gold was in a bull market between 2002 and 2012, and they will most likely tell you that it was due to declining interest rates. Now, if you ask anybody if gold is even worth looking at as an investment, you’ll likely be told that it’s useless and does no good for an investor’s portfolio. The rationale given for this argument generally includes the sentiment that interest rates are going higher. But with this in mind, I believe one must really question if the trade in gold really is over and if interest rates are really moving higher.

Contrary to the popular belief, I think there’s still more room to the upside for the yellow metal.

Too many investors forget interest rates are still very low, and I will not be surprised if they stay here for much longer. Also, going forward, interest rates aren’t the only factor affecting gold prices. Investors have to pay close attention to other phenomena, such as demand and supply, inflation, and uncertainty.

Feb 05 07:30

Why Is A Saudi Prince Selling Out Of News Corp?

Few individual investors have quite as much capital to deploy as Prince Alwaleed Bin Talal of Saudi Arabia. Through his Kingdom Holding , he holds significant stakes in companies including Citigroup C -0.98%, Twitter TWTR +2.34% – and, until recently, News Corporation.

The Prince hasn’t sold out completely – he still owns about 1% of the company, as well as a separate 6.6% shareholding in 21st Century Fox Inc which in itself is worth about $1.7 billion – but he previously also held 6.6% of News Corp NWSA -0.06%, or a total of 13.184 million class B shares. He’s shed all but two million of them.

Feb 05 07:26

The Case to "Reinstate" the Bank of Canada

There is a very interesting legal case that is playing out in Canada at the moment. William Krehm, Anne Emmett, and Comer (The Committee for Monetary and Economic Reform: http://www.comer.org/) filed a lawsuit on December 12th, 2011, in Federal Court to try to force a restoration of the Bank of Canada to its mandated purposes. In essence, they want the Bank of Canada to provide interest-free loans to the federal, provincial, and municipal governments, as provided for in the Bank of Canada Act. This money would be used to finance public expenditures whenever there is a budgetary deficit. Apparently, the federal government used to borrow interest-free (to at least some extent) from the Bank of Canada up until 1974. At present, governments borrow all of the necessary money (apart from any bonds they may sell to the public) from private banks at the going rate of interest.

Webmaster's Commentary: 

This case is worth keeping in the public eye, especially since I am getting emails from Canadian readers that links to these stories are being blocked in Canada.

The wealth of the private central bankers rests on a simple mechanism of taking control of a nation's currency and then issuing all of that currency as a loan at interest. This mechanism guarantees immense wealth to the bankers and perpetual debt-slavery to the people. Canada's Central Bank was created with the requirement that loans to the national, provincial and municipal government be made interest-free, but starting in 1974 the Bank of Canada abandoned that principle, reaping huge profits from the Canadian taxpayer for loaning money that like all private central bank money is created out of thin air. This lawsuit seeks to return the Bank of Canada to the original rules, and possibly repay the illegally collected interest. Because the Bank of Canada clearly and openly violated the rules, the courts have so far found for the plaintiffs. The Private Central Bankers are in a panic, not only because of the potential loss of money, but because this case is calling attention to how these private central banks, and other people in other nations are starting to ask why their own banks are not operated the same way so as to reduce the taxpayer burden.

Here in the United States, the question every taxpayer should be asking right now is why, when the Constitution authorizes the Federal Government to create and issue a debt-free currency, why that government persists in borrowing created-out-of-thin-air money from a privately-owned central bank at interest, plunging the people into hopelessly unpayable debt. The inevitable answer is always the greed of the Private Central Bankers aided by the complicity of hopelessly corrupt politicians.

Feb 05 07:07

Plans for decommissioning giant North Sea field advance

ROYAL Dutch Shell has unveiled plans for decommissioning one of the biggest fields in the North Sea in a landmark move that should provide a major boost to the Scottish economy in coming years.

The oil and gas giant is launching a public consultation on removing one of the production platforms used on the massive Brent field north east of Shetland. This is a key step in the process for removing the production facilities for the field, which is expected to last more than 10 years and involve an outlay of billions of pounds.

Shell will have to remove four production platforms, 60 miles of pipelines and plug 140 wells on the field.

The size of the facilities means this will be the largest decommissioning project Shell has completed in the North Sea.

Feb 04 22:21

To Dance Away from the Lip of the Abyss

The greater the force of material culture; the greater the press and presence of Materialism, the less focus is generally placed upon things like self inquiry and a shared knowledge of the more timeless verities. The nature of Materialism is to compromise objective consciousness and render the public subjective. You don't need everyone to be so affected. You might not even need half of the people and they got more than that. All they need is enough of the culture so as to publicize and identify it that way and then that is 'how it looks' everywhere, except to those few who are strong enough; who are in possession of objective awareness due to having engaged in the requisite amount of self inquiry, or carrying that capacity within them from other times.

Feb 04 16:43

CME closing most of its futures trading pits in NY, Chicago

CME Group says it will close most of its futures trading pits in Chicago and New York City by July 2, 2015.

It will maintain its options trading pit and the S&P 500 futures market.

"Equity index futures pits and the DJIA ($10) and NASDAQ-100 options pits will close following the expiration of the June 2015 contract on June 19, 2015," the company said in a release.

Feb 04 13:49

‘Austerity is a mass experiment in human despair’

UK Chancellor George Osborne’s policy of austerity bred ruin and went to destroy the fabric of Greek society, John Wight, writer and political commentator, told RT. Mr. Osborne should respect the democratic wishes of the Greek people, he added.

Webmaster's Commentary: 

"Screw Democracy; we're talking MONEY!!!" -- The ECB/IMF/FED/WB/BIS

Feb 04 13:11

A Corporate Coup d’Etat

TPP is a trade deal that would allow an unprecedented level of global corporate rule over Americans. If passed, would it recreate the "anything-goes Wall Street ethic" that caused the 2008 world ?economy? crash?

Feb 04 12:47

What Are They Thinking?

Webmaster's Commentary: 

Bumping this back onto the main page, given the debates about vaccines, GMOs, the Keystone Pipeline, Fracking, etc.

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Feb 04 12:46

Under The New World Order

Webmaster's Commentary: 

Time for a repost, in light of the vaccine and GMO debates!

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