ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Dec 08 15:30

Taylor Twit and those Heroin Model Rock, Eyes of Darkness.

One of the things that comes into my mind with regularity and which always stuns me to some degree and which may be why it comes into my mind with regularity, is what the Supreme Court did with conferring personhood upon corporations. The job of the Supreme Court is to interpret and, I presume, also defend… The Constitution. Not in the wildest dreams of the architects of the Constitution, would there ever have been a consideration like this. The Constitution and Bill of Rights were created to protect against this very sort of thing. What they did is High Treason and a capital crime. One can only hope justice comes to them with the full weight of the law or the mob, or by any means possible.

Dec 08 13:10

House GOP struggling as shutdown deadline looms

Current funding for the federal government runs out a week from Thursday, just nine days from now, and it’s apparently up to House Republicans to avoid another government shutdown.

What could possibly go wrong?

The basic dynamic is pretty simple: the parties already agree on spending levels, but GOP lawmakers claim to be outraged by President Obama’s executive actions on immigration. A variety of congressional Republicans want to leverage a spending bill to undo the White House policy – a move that would guarantee that the government’s lights would go out on Dec. 11.

Webmaster's Commentary: 

THIS IS A CALL TO KEYBOARDS FOR ALL RIVERO'S RANGERS!

Wherever you see any articles, posts, or blogs about raising the debt ceiling, please post the above graphic, or quote the following...

"The question Americans should be asking is not whether to raise the debt ceiling, but rather why the Federal Government, which is authorized by the Constitution to create and issue interest-free money, instead borrows that money at interest from a privately owned central bank, thereby plunging future generations into debt slavery to that bank? THAT is the real question Americans should be asking!"

This quote is already making the rounds but we need to put this in front of the eyes of every American that we can over the next week as Congress debates just how much further they will sell us all into the slavery of the private central bankers.

Dec 08 12:57

Russia cancels trains to Ukraine

Russia's railway authorities have announced the cancellation of all passenger rail services to Ukraine, Azerbaijan, Kazakhstan and Tajikistan for 2015. All international passenger rail services to these countries will cease to run on 14 December, with the cancellation of services set to last for at least one year - TASS reports.

Dec 08 12:56

Plummeting Oil Prices Could Destroy The Banks That Are Holding Trillions In Commodity Derivatives

Could rapidly falling oil prices trigger a nightmare scenario for the commodity derivatives market? The big Wall Street banks did not expect plunging home prices to cause a mortgage-backed securities implosion back in 2008, and their models did not anticipate a decline in the price of oil by more than 40 dollars in less than six months this time either. If the price of oil stays at this level or goes down even more, someone out there is going to have to absorb some absolutely massive losses. In some cases, the losses will be absorbed by oil producers, but many of the big players in the industry have already locked in high prices for their oil next year through derivatives contracts. The companies enter into these derivatives contracts for a couple of reasons. Number one, many lenders do not want to give them any money unless they can show that they have locked in a price for their oil that is higher than the cost of production.

Dec 08 12:22

New Study Claims US Shale Gas Quantities Grossly Exaggerated

US government estimates of the amount of natural gas that can be extracted by fracking may be far too optimistic, according to a new study by the University of Texas (UT) at Austin.

In 2013, the US Energy Information Administration (EIA) issued a report saying that, according to its analysis, shale wells, which require fracking to release their gas, would be productive at current levels for “over 30 years,” that is, at least until 2040.

Dec 08 10:54

The BRICS Nations Will Take Down The Dollar? But What About Israel?

Voters in New York started a petition ballot initiative to investigate 911. There had never been a criminal investigation into either the assassination of President Kennedy or into the deaths of some 3,000 people on 911. A city official of Jewish descent asked of the proposed investigation into 911, ‘Will this be good for Israel?’ Apparently the Jews of New York decided that an investigation into the truth of 911 would not be good for Israel because they denied the petition ballot access. The Goyim should not be allowed to decide for themselves who was responsible for an act that pushed America into spending trillions of dollars and killing the neighbors of Israel who said No to Jewish Supremacism.

Dec 08 10:52

Oil and Gas Bloodbath Spreads to Junk Bonds, Leveraged Loans. Defaults Next

The price of oil has plunged nearly 40% since June to $65.63, and junk bonds in the US energy sector are getting hammered, after a phenomenal boom that peaked this year. Energy companies sold $50 billion in junk bonds through October, 14% of all junk bonds issued! But junk-rated energy companies trying to raise new money to service old debt or to fund costly fracking or off-shore drilling operations are suddenly hitting resistance.

Dec 08 10:50

NATO Prepositions Weapons in Poland for Attack on Russia

The lengthiest excerpt from the article that’s online is at NATO’s own site, the PR delivered straight from the horses’ mouth, http://www.atlanticcouncil.org/blogs/natosource/russia-fears-prompt-na..., which posting there is certainly validation that the article represents NATO’s position accurately, even if it does so in ‘appropriately’ vague terms. (Of course, that’s not “appropriate” for readers, but for NATO, which is the weapons-manufacturers’ trade-organization, that’s being served in this ‘news’ story.)

Webmaster's Commentary: 

A NATO-led war against Russia would be utterly disastrous for the West; and if you have a difficult time of wrapping your head around that, just look at the incredible "victory" NATO has wrested from the rebels in Afghanistan, 13 years on. Their "contribution" to the US war effort here has been one very sick joke.

And please don't get me started on the aftermath of their "victory" in Libya, with the ouster of Gaddafi, which has only exacerbated the instability here, to the point where various African countries are tag-teaming their military to control the insurgents. The future of Libya is still very much up in the air.

To put it plainly, NATO and the US do not have the money, the troop strength, or the manufacturing to insure a positive outcome to a war with Russia; and this is what makes the military confrontation scenario so scary.

And in terms of Russia's manufacturing and purchasing of war equipment, although they are not spending as much as the US government, the Russians are getting a lot more bang for their buck than does the US.

A war against Russia would be the last, desperate act of a criminally insane Western leadership.

Dec 08 10:35

Americans Are The New Indian: Russell Means

American Indian Russell Means gives an eye-opening 90 minute interview in which he explains how Native Americans and Americans in general are all imprisoned within one huge reservation.

“The history of the American and the history of the Indian have now come full circle and are intertwined in the dictatorial policies of those that control the monetary system of America,” remarks Means.

Dec 08 10:31

LARRY SUMMERS: It Shouldn't Take This Long To Fix An Escalator

Take a walk from the US Air Shuttle in New York’s LaGuardia airport to ground transportation. For months you will have encountered a sign saying "New escalator coming in Spring 2015" ... It will take almost half as long to fix the escalator in LaGuardia as it took to build the Empire State building 85 years ago.

Is it any wonder that the American people have lost faith in the future and in institutions of all kinds? If rudimentary tasks such as keeping escalators going and bridges repaired are too much to handle, it is little surprise that disillusionment and cynicism flourish.

Dec 08 10:11

"Riddles" Surround 36th Dead Banker Of The Year

52-year-old Belgian Geert Tack - a private banker for ING who managed portfolios for wealthy individuals - was described as 'impeccable', 'sporty', 'cared-for', and 'successful' and so as Vermist reports, after disappearing a month ago, the appearance of his body off the coast of Ostend is surrounded by riddles...

Dec 08 09:44

US meddling to blame for ‘all Arab world sufferings’ – Sudan president

The bloody conflicts in Iraq, Syria and Libya are the result of the interference by the US, which wants to gain control over the rich natural resources of those countries, Sudanese President Omar al-Bashir told RT.

“The people in Sudan believe that the since the fall of the Soviet Union [in 1991], injustice and oppression has prevailed around the globe as the US became the sole hegemon and began running things with impunity in many regions, including ours,” Bashir said.

In his interview with RT’s Arabic Channel, the Sudanese president labeled Washington’s policies in Middle East and North Africa as “harmful and destructive.”

“Just look at what’s now happening in Iraq and how it spread to Syria. All the suffering that is going in the Arab world is the work of the US,” he said.

Dec 08 09:38

McDonalds Implodes, Reports Worst US Sales In Over A Decade

If one ignores all traditional, staple indicators of a growing economy, such as stable (not plummeting) crude demand, stable (not plummeting) holiday spending and stable (not plummeting) McDonalds comp store sales, then indeed the US economy has "decoupled" from the rest of the world, and those who wish to demonstrate the same intellectual capacity as Tim Geithner, will welcome you to the (latest non-)recovery.

And yet for those, who are leery of seasonally-adjusted government data (showing soaring low-wage jobs offset by crashing employment in the energy sector and M&A synergies which mysteriously are never captured), or sentiment surveys and confidence polls (of Wall Street executives and government workers), here is the latest data from McDonalds. Showing the worst US comp store sales in nearly 12 years at -4.6%, one does wonder if following America's inability to even pay for sub-$1 meals, mass starvation will follow?

Dec 08 09:23

NIRP Arrives In The US: TBTF Banks Tell Customers To Move Their Cash Or Be Charged Fees

Back in June, the world was speechless when Goldman's head of the ECB, Mario Draghi, stunned the world when he took Bernanke's ZIRP and raised him one better by announcing the ECB would send deposit rates into negative territory, in the process launching the Neutron bomb known as N(egative)IRP and pushing European monetary policy into the "twilight zone", forcing savers to pay (!) for the privilege of keeping the product of their labor in the form of fiat currency instead of invested in a global ponzi scheme built on capital market so broken even the BIS can no longer contain its shocked amazement.

Well, the US economy may be "decoupling" (just as it did right before Lehman) and one pundit after another are once again (incorrectly) predicting that the Fed may raise rates, but when it comes to the true "value" of money, US banks have just shown that when it comes to spread between reality and the economic outlook, the schism has never been deeper.

Dec 08 09:21

EU will have to transport Russian gas from Turkey on its own – Gazprom chief

With the end of the South Stream project, Russia will have to adapt to a new market where it will not provide gas delivery to end users, Aleksey Miller, the head of Gazprom said in an interview confirming South Stream will not be resumed.

Russia’s Gazprom energy giant has given up the long-cherished South Stream gas pipeline to Europe because of the EU blocking its realization with the Third Energy Package, which prohibits one company to do the full cycle: extraction, transportation and sale of energy resources.

Now Gazprom is going to use already constructed South Stream infrastructure on the Russian territory to build a new gas pipeline across the Black Sea to Turkey, with an annual capacity of 63 billion cubic meters.

Dec 07 15:29

FLASHBACK 2013 - Hungary Sheds Bankers’ Shackles

Not since the 1930s in Germany has a major European country dared to escape from the clutches of the Rothschild-controlled international banking cartels. This is stupendous news that should encourage nationalist patriots worldwide to increase the fight for freedom from financial tyranny. - See more at: http://americanfreepress.net/?p=12418#sthash.PnIai0bn.dpuf

Dec 07 10:48

The Queen of England Deals Extensively in $17 Trillion Depleted Uranium Trade

Uranium can be mined for some medical purposes and to make electricity, but its main purpose was and is to fuel nuclear warfare against the world. Just six mines provide 85 percent of the world’s uranium and guess who owns the mineral rights to that land?

It may be surprising to realize it is none other than the Queen of England.

Dec 07 10:36

Wall Street Moves to Put Taxpayers on the Hook for Derivatives Trades

Wall Street has for some time attempted to put taxpayers on the hook for its derivatives trades. I highlighted this a year ago in the post: Citigroup Written Legislation Moves Through the House of Representatives. Here’s an excerpt:

Dec 07 09:10

Hidden Homeless: One In Five Young People ‘Sofa Surfed’ In The Last Year

Research reveals how one in five young people across Britain have ‘sofa surfed’ from one couch to another over the past year, because they have nowhere else to go.

Dec 07 08:50

Russia's Central Bank Hit by Accusations of Sabotaging Ruble

The Prosecutor General's Office is looking into the Central Bank's operations after a ruling party lawmaker accused it being an "enemy of the country" by supposedly driving down the ruble and plotting "evil" against Russia.

The ruble weakened over 6 percent to the U.S. dollar over Monday and Tuesday amid Western sanctions against Moscow's over its policy on Ukraine and slumping energy prices. But Yevgeny Fyodorov, a United Russia lawmaker and member of the State Duma's Budget and Tax Committee, charged that the troubles were the Central Bank's fault.

"The Central Bank is an institutional enemy of the country," Fyodorov told Russian News Service radio on Monday. "Its bosses are officially abroad. I am assuming that it will do the maximum evil. The Central Bank will do everything to have the ruble rate fall."

Webmaster's Commentary: 

Private Central Banks are an institutional enemy of every nation they have enslaved.

Dec 06 10:36

Wall Street Moves to Put Taxpayers on the Hook for Derivatives Trades

Wall Street lobbyists are trying to secure taxpayer backing for many derivatives trades as part of budget talks to avert a government shutdown.

According to multiple Democratic sources, banks are pushing hard to include the controversial provision in funding legislation that would keep the government operating after Dec. 11. Top negotiators in the House are taking the derivatives provision seriously, and may include it in the final bill, the sources said.

The bank perks are not a traditional budget item. They would allow financial institutions to trade certain financial derivatives from subsidiaries that are insured by the Federal Deposit Insurance Corp. — potentially putting taxpayers on the hook for losses caused by the risky contracts. Big Wall Street banks had typically traded derivatives from these FDIC-backed units, but the 2010 Dodd-Frank financial reform law required them to move many of the transactions to other subsidiaries that are not insured by taxpayers.

Webmaster's Commentary: 

IF there was ever a time to call Rivero's Rangers to keyboards, it is now.

Write/email/fax/phone your Congressional Representative and let them know that IF this bill is passed in this form, that you would rather have a goat, or a dog represent you, than this current cache of purchased weasels who allegedly represent you now.

And please remember: Congress no longer represents We the People; they represent Those, the Corporations. We the People have become irrelevant and expendable. That is why these idiots in Congress believe that they can get away with this crud.

Then, be pro-active. Do not have any more money in your bank than you need for paying bills. In fact, and even though it is more expensive, pay your bills with money orders if possible. There are many businesses which will still take cash, and it has not yet been made illegal to do so.

Make sure you have small amounts of gold and silver for barter. Because if Congress is about to pass legislation like this, the excrement is very near to hitting the ventilation shaft, and I mean really, really soon.

Dec 06 09:59

Jeykll Islands About To Break!!

In this powerful, eye-opening film, investigative journalist and award-winning filmmaker Bill Still (“The Money Masters” and “The Secret of Oz”) unravels the secretive 1913 formation of the privately owned Federal Reserve and the creation of National Debt by Senator Nelson W. Aldrich and representatives of J.P. Morgan, Rockefeller and Kuhn, Loeb & Co., at Jekyll Island in Georgia, USA . Still reveals the greatest rip-off in history: the real ways in which money and debt are created and controlled. Jekyll Island argues the case that economic depressions are abnormal, that nations across the globe do not need national debt, and that governments are not printing too much money, but borrowing wildly. In the face of mounting debts and a reduction in the standards of living worldwide, he explains that those who are profiting from this crippling financial problem, want us, the public, to remain confused about what money really is and how it was created.

Dec 05 14:34

Americans Bought More Guns Than Flat Screen TV’s On Black Friday

Shoppers participating in the post-Thanksgiving consumerist phenomenon known as Black Friday typically tend to purchase useless material possessions they don’t really need.

This past holiday, however, many Americans demonstrated that they’re more interested in their Second Amendment rights than flat screen TVs or cheap DVDs.

According to the FBI, last Friday saw a staggering 175,000 background checks processed via the agency’s National Instant Criminal Background Check System, a number the agency says made Friday the second highest gun purchase day ever.

Dec 05 11:51

The U.S. Spent $7 Billion Developing This Helicopter It Never Built

The Kiowa Warrior is slated to retire in 2025, the Chinook in 2035, and both the Apache and Black Hawk will be gone by 2040. We thought we had a suitable replacement for all of these platforms in the Boeing-Sikorsky RAH-66 Comanche. But then, this next-gen stealth chopper vanished in a puff of bureaucratic smoke.

Dec 05 10:31

Silicon Valley clears out notorious homeless ‘Jungle’ camp

Authorities began Thursday dismantling a notorious homeless camp known as “The Jungle” in the heart of California’s affluent Silicon Valley.

Municipal workers in white overalls and face masks moved into the camp along a creek in San Jose, where some 300 people live in tents and other makeshift lodging.

The encampment, only a few minutes away from the city’s downtown district, is home to people forced out of an overheating rental market as lucrative tech companies moved in in recent years.

“We have been rehousing for the last 18 months,” San Jose city spokesman David Vossbrink told AFP, saying they had found places for some 140 people in shelters, with some in hotels and motels.

Some 60 other people had received offers of rent subsidies but have not yet found somewhere to live, he added.

The operation to close down the camp will last two or three weeks, and will include putting up a reinforced fence to prevent anyone coming back and settling in again.

Webmaster's Commentary: 

I am stunned that apparently, San Jose is unable to learn that there are far better ways of handling this than just chasing the indigent out of homeless encampments. As reported at nationofchange.org:

In eight years, Utah has quietly reduced homelessness by 78 percent, and is on track to end homelessness by 2015. How did Utah accomplish this? Simple. Utah solved homelessness by giving people homes. In 2005, Utah figured out that the annual cost of E.R. visits and jail stays for homeless people was about $16,670 per person, compared to $11,000 to provide each homeless person with an apartment and a social worker. So, the state began giving away apartments, with no strings attached. Each participant in Utah’s Housing First program also gets a caseworker to help them become self-sufficient, but they keep the apartment even if they fail. The program has been so successful that other states are hoping to achieve similar results with programs modeled on Utah’s. It sounds like Utah borrowed a page from Homes Not Handcuffs, the 2009 report by The National Law Center on Homelessness & Poverty and The National Coalition for the Homeless. Using a 2004 survey and anecdotal evidence from activists, the report concluded that permanent housing for the homeless is cheaper than criminalization. Housing is not only more human, it’s economical. This happened in a Republican state! Republicans in Congress would probably have required the homeless to take a drug test before getting an apartment, denied apartments to homeless people with criminal records, and evicted those who failed to become self-sufficient after five years or so. But Utah’s results show that even conservative states can solve problems like homelessness with decidedly progressive solutions.

Congrats, Utah State government; what you have done in this regard is monumentally inspiring, and should give a clue to the clueless in other state and city governments about how to solve the problem of homelessness permanently, and spend much less of the state's money in the process.

Dec 05 09:26

These bastards are the cause of all global strife

Dec 05 09:20

Cutting Russia out of SWIFT banking system would mean ‘war’ – head of VTB

Excluding Russia from the global SWIFT banking transactions system is another form of sanctions and would mean “war,” said Andrey Kostin, head of VTB Russia’s second largest bank, adding that should it happen Russia has a “Plan B.”

Dec 05 09:16

New G20 Rules: Cyprus-style Bail-ins to Hit Depositors AND Pensioners

On the weekend of November 16th, the G20 leaders whisked into Brisbane, posed for their photo ops, approved some proposals, made a show of roundly disapproving of Russian President Vladimir Putin, and whisked out again. It was all so fast, they may not have known what they were endorsing when they rubber-stamped the Financial Stability Board’s “Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution,” which completely changes the rules of banking.

Russell Napier, writing in ZeroHedge, called it “the day money died.” In any case, it may have been the day deposits died as money. Unlike coins and paper bills, which cannot be written down or given a “haircut,” says Napier, deposits are now “just part of commercial banks’ capital structure.” That means they can be “bailed in” or confiscated to save the megabanks from derivative bets gone wrong.

Webmaster's Commentary: 

In other words, the bankers created this derivatives mess and have now rigged it so when it implodes, YOU pay the losses!

Dec 05 08:25

The Kansas City of the Heart and Mind.

This can be a cold and seemingly pitiless world. I've seen some amount of that but I am certain I haven’t seen anywhere near the degree of it that some have. The sheer scale of suffering on any given day on this planet is beyond the grasp of any human imagination. Generally we do not know the extent of the suffering, or the level of depravity of the offenses because, in most cases, the news delivery systems are controlled by the people most responsible, over all, for the large majority of suffering world wide; that was some pretty messed up sentence structure but I’m going to go with it.

Dec 04 17:33

It’s official: America is now No. 2

Hang on to your hats, America.

And throw away that big, fat styrofoam finger while you’re about it.

There’s no easy way to say this, so I’ll just say it: We’re no longer No. 1. Today, we’re No. 2. Yes, it’s official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet.

It just happened — and almost nobody noticed.

Dec 04 17:29

Las Vegas Makes It Illegal to Feed Homeless in Parks

Las Vegas, whose homeless population has doubled in the past decade to about 12,000 people in and around the city, joins several other cities across the country that have adopted or considered ordinances limiting the distribution of charitable meals in parks. Most have restricted the time and place of such handouts, hoping to discourage homeless people from congregating and, in the view of officials, ruining efforts to beautify downtowns and neighborhoods.

But the Las Vegas ordinance is believed to be the first to explicitly make it an offense to feed “the indigent.”

Dec 04 15:47

Sears to accelerate closings, shutter 235 stores

Sears shares fell Thursday, after the struggling department store announced an adjusted net loss of $296 million—in line with the updated guidance it gave in November.

The retailer also said it's accelerating the number of stores it plans to close this year, boosting its list from the 130 underperforming stores it announced in its second-quarter earnings release, to a total of 235 stores.

Analysts called the move a step in the right direction for the company, which has been tapping into its real estate in creative ways to compensate for downward-spiraling sales. Still, they said the haircut won't be enough on its own to turn the tide at Sears, adding that it needs to close even more stores—and figure out how to become profitable.

Dec 04 15:45

RETAIL CHAINS ON DEATHWATCH

Here, four retailers with years of sales declines that could use a good holiday season:

Dec 04 14:44

Police Clear Largest Homeless Encampment In America

Police and social services in Silicon Valley are starting to clear away what likely had been the nation's largest homeless encampment.

Animal control and a construction contractor are also helping dismantle the square-mile site that once was home to more than 200 homeless people, San Jose homelessness response manager Ray Bramson said.

People living in the camp, known as The Jungle, were told Monday they must be out by Thursday or face arrest for trespassing. The encampment stands in stark contrast to its surrounding area in the heart of the Silicon Valley, a region leading the country for job growth, income, innovation and venture capital.

Dec 04 12:10

Russia's Central Bank Hit by Accusations of Sabotaging Ruble

The Prosecutor General's Office is looking into the Central Bank's operations after a ruling party lawmaker accused it being an "enemy of the country" by supposedly driving down the ruble and plotting "evil" against Russia.

Webmaster's Commentary: 

Ahh, those central bankers stick together!

Dec 04 10:31

ECB 'steps up' plans for more stimulus measures

The European Central Bank (ECB) has "stepped up" plans for more stimulus measures aimed at revitalising the eurozone economy, bank president Mario Draghi has said.

Webmaster's Commentary: 

Meaning they will print up more money to give to the banks to lend to the people at interest!

Dec 04 10:28

'Where are they going to go? We can't magic up homes for them': As the police move in to clear the squalid Silicon Valley homeless camp, charities fear that its 300 former residents will just set up another camp

Dilapidated, muddy and squalid though it was, it was all they had to call home.

And today signaled the end for more than 300 residents of a shantytown known as the 'The Jungle' - who have been forced out of their makeshift abodes and underground homes.

But with many having nowhere else to go, charities say the evacuated residents will simply set up camp elsewhere.

Its location is of note - at the heart of opulent Silicon Valley, home to tech giants Google, Apple and Facebook, and its dismantling has stirred up controversy.

Dec 04 10:12

Congress Agrees to Troop Pay, BAH Cuts in Budget Compromise

Service members next year will be paying more for prescriptions bought off base, getting less of a housing subsidy and a picking up a smaller pay raise under an agreement reached between Senate and House lawmakers.

Webmaster's Commentary: 

Dec 04 09:42

Red Cross exposed as scam in searing investigation published by ProPublica

A pair of massive, once-in-a-generation storms lambasted regions of the U.S., leaving in their wake destruction, some death and havoc. Hundreds of thousands of people were without food, shelter and power, many for weeks on end.

But Americans responded like they always do after such disasters, whether they occur on home soil or abroad: They opened up their pocketbooks and donated to charities ostensibly aimed at helping victims.

In particular, according to a recent investigative report by ProPublica and National Public Radio, Americans sent the Red Cross hundreds of millions of dollars because they believed that their donations would be well used to relieve the suffering of victims pounded by Superstorm Sandy and Hurricane Isaac.

It didn't happen. Per the report:

Dec 04 09:32

Chinese Investors Snap Up Property in Bankrupt Detroit

Bankrupt Detroit’s thousands of empty buildings are being flogged at rock-bottom prices — and Chinese investors are answering the siren call of unbeatable deals, reports NBC News.

Dec 04 09:05

Florida Judge Just Lifted Controversial Ban On Feeding Homeless

The Fort Lauderdale ordinance that has become infamous throughout the world in just one month has now been suspended by a Florida judge.

Broward Circuit Judge Thomas Lynch suspended enforcement of the ordinance restricting the all public feeding of homeless people. But the suspension is only for 30 days so far. During that time, the judge has ordered mediation on the issue.

Dec 03 15:30

Poll: Nearly 4 in 10 say California Obamacare exchange not working well

Nearly four in 10 Californians say the state's health exchange isn't working well as the second open enrollment gets underway, a new survey shows.

The results from the Public Policy Institute of California survey may reflect persistent service problems experienced by some consumers as well as continued partisan opposition to the federal overhaul.

Dec 03 13:53

Baltimore City Says It Does Not Plan to Privatize Water

Baltimore's City Council questions top official over plans to use private companies to study how to improve aging water system as opponents warn such a move could lead to privatization

Dec 03 10:38

Zen and the Art of Cancer and other Living Things.

The world continues to carousel through space, spinning through continuums of apprehension and threat. Hope springs eternal, like soft grass, routinely trampled by marching hobnailed boots. Then it springs up somewhere else. It’s not springing up here. That’s the ass media version and then we get into maybe a little less ass media over here, where a name crops up and then we get some more over here. They don’t say that the Russian is one of those oligarchs and when you go to search on him you find a very surprising …nada.

Dec 03 10:34

Marijuana’s Long Term Effects On The Brain Finally Revealed!

With a drug war against marijuana still raging in more countries than not, the question of how long-term marijuana use effects the human brain is a pivotal question in its legalization. Although alcohol remains legal despite heaps of evidence to the dangers of long-term use, the fight to make marijuana available both with regard to its medical properties (especially in selectively killing cancer cells) and non-medical uses has frequently hinged on the various claims made about marijuana’s effects on the recreational user.

Webmaster's Commentary: 

The government rulings about alcohol, tobacco, and marijuana, are not based on what is good or bad for you (although that is the usual government cover-story) but what can be controlled and taxed versus what you might produce in your own home for your own use, from which neither corporations nor government can profit.

Dec 03 10:27

JPMorgan Rushed to Hire Trader Who Suggested on His Resume That He Knew How to Game Electric Markets

The internal emails at JPMorgan and Bartholomew’s resume are now marked as Exhibit 76 in a two-year investigation conducted by the U.S. Senate’s Permanent Subcommittee on Investigations into Wall Street’s vast ownership of physical commodities and rigging of commodity markets. Senator Carl Levin, the Chair of the Subcommittee, had this to say about the resume at a hearing conducted on November 21:

"There’s two things that I find incredible about this. First, that anyone would advertise in a resume that they know about a flaw in the system — signaling that they’re ready and willing to exploit that flaw. And, second, that somebody would hire the person sending that signal."

Dec 03 10:17

Housing Fraud is Back – Real Estate Industry Intentionally Inflating Home Appraisals

Almost 40% of appraisers surveyed from Sept. 15 through Nov. 7 reported experiencing pressure to inflate values, according to Allterra Group LLC, a for-profit appraiser-advocacy firm based in Salisbury, Md. That figure was 37% in the survey for the previous year.

Dec 02 18:05

Claire Rivero's Music - Lord Help Us Make This World A Better Place

Webmaster's Commentary: 

After today's radio interview on child hunger I felt it was time for a repost.

Dec 02 17:05

EU Puppet Bulgaria Kills Russian Pipeline

President Vladimir V. Putin of Russia said South Stream, a major project to deliver natural gas to Europe, would be redirected through Turkey after pressure from the European Union.

Dec 02 16:27

Project Sunlight

Israel’s didn’t perform well in the last round of violence. The IDF didn’t achieve a single military objective. After a few days, its forces withdrew, humiliated and exhausted. The Israeli military admitted that it lacked an answer to Palestinian ballistics, tunnels and fierceness. In addition, the conflict in Gaza spilled over to the West Bank and to Israeli cities. Throughout, Netanyahu’s cabinet reacted slowly. It seemed confused by events. Soon Israelis were openly admitting that the future of the Jewish State was gloomier than ever.

Dec 02 14:26

How I Realized Child Hunger Hits Everyone Close To Home

It didn't take long for reality to hit close to home -- literally -- for me as I was filming my latest documentary, "Going to Bed Hungry: The New Face of Child Hunger." I was in Palm Desert, California, where my wife and I were married. It's an area near Los Angeles that we visit often and that has come to feel like a second home to our family. The beautiful resort community is filled with swimming pools, restaurants, and award-winning golf courses. According to a recent census report, one out of every two adults in the area are millionaires. Yet when we began research for our story, things suddenly took an interesting turn.

Webmaster's Commentary: 

Patrick Creadon is our first hour guest on today's radio show.

Dec 02 14:19

ObamaCare incentivizes hiring amnestied illegals to the tune of $3000 each

If there’s one thing we’ve learned about ObamaCare - aside from the fact that it’s an abject disaster in terms of meeting its stated goals - it’s that the unintended consequences of its passage just keep piling up. Sure, conservatives warned of the chaos that would stem from the Dems’ “signature legislation,” but even those of us who were sounding the alarm are amazed at how it keeps managing to fail in new, exciting, ways.

Today we’re learning that the law actually incentivizes corporations to hire the millions of illegals who are currently enjoying Obama’s unconstitutional amnesty order - instead of hiring actual, legal, U.S. citizens. In fact, under the ACA, companies who hire an amnestied illegal can dodge a $3,000 penalty that they would have had to pay if they’d hired a citizen.

Webmaster's Commentary: 

WTF?

Dec 02 13:51

Our Precarious Economic and Political Circumstance; a Summary

Webmaster's Commentary: 

This is a summary of the collapse of our economy...

$1.2 Quadrillion in Derivatives
$18 Trillion to debt created on interest to the Federal Reserve for printing the currency
$ Trillions in Quantitative Easing to bail out the banks
$160 Trillion in unfunded liabilities to programs such as Social Security and Welfare
Great Depression unemployment rates

Dec 02 12:39

Citi Shutters Lavaflow - 5th Largest 'Dark Pool' In America

When the 5th largest dark pool trading venue (by volume) in America is shuttered, as Citi notes because its "capital, resources and efforts would be better redeployed elsewhere," you know there is a problem in US stock trading volumes and liquidity.

Dec 02 12:37

Five complete lies about America’s new $18 trillion debt level

There’s so much misinformation and propaganda about this; let’s examine some of the biggest lies out there about the US debt:

1) “They can get it under control.”

What a massive lie. Politicians have been saying for decades that they’re going to cut spending and get the debt under control.

FACT: The last time the US debt actually decreased from one fiscal year to the next was back in 1957 during the EISENHOWER administration.

FACT: For the last several years, the US government has been spending roughly 90% of its ENTIRE tax revenue just to pay for mandatory entitlement programs and interest on the debt.

This leaves almost nothing for practically everything else we think of as government.

Webmaster's Commentary: 

But the Wall Street bankers are doing just fine!

Just two of Lloyd Blankfein's houses!



Dec 02 10:36

Silver Open Interest Anomaly

What changed? I don’t know, but some possibilities are:

A large buyer has aggressively added to futures contracts in the last several years and has remained long instead of selling and accepting losses as prices dropped.
There was clear recognition that massive debt, bond monetization, QE, and “Operation Twist” would eventually devalue all currencies so consequently “big money” began moving into silver futures as an alternative.
Germany requested the return (a few months later) of her gold from the NY Federal Reserve which encouraged insiders to buy silver futures.
High Frequency Trading and market manipulation which attempted to suppress the prices for gold and silver, levitate the S&P, and sell the “economic recovery” story caused the anomaly.
Something else.

Dec 02 10:30

Europe May Face 'Disaster' Due to South Stream Cancellation: Czech Company

Cancellation of the South Stream gas pipeline project spells a disaster for the Baltic States, as well as Bulgaria, Serbia, Hungary and Austria, the marketing director of Czech gas company said.

Dec 02 09:34

Defending Dollar Imperialism

“No matter what our Western counterparts tell us, we can see what’s going on. NATO is blatantly building up its forces in Eastern Europe, including the Black Sea and the Baltic Sea areas. Its operational and combat training activities are gaining in scale.” Russian President Vladimir Putin

If there was a way the United States could achieve its long-term strategic objectives and, at the same time, avoid a war with Russia, it would so. Unfortunately, that is not an option, which is why there’s going to be a clash between the two nuclear-armed adversaries sometime in the near future.

Webmaster's Commentary: 
Dec 02 09:02

Russia takes Asia Pacific states as key oil and gas partners — ministry official

Russia takes Asia-Pacific states as main partners in the oil and gas sector, director of the department of oil and gas production and delivery at Russian Energy Ministry Alexander Gladkov said at the opening of the Russian stand at the 20th Offshore South East Asia Conference and Exhibition (OSEA 2014) on Tuesday.

Russia “counts on development of mutually beneficial cooperation in this sphere,” he said.

Dec 01 17:46

Federal Shutdown: Will Congress Ruin the Holidays?

The current government spending bill runs out in less than two weeks — December 11 — and it must be re-upped to prevent another federal shutdown. The good news is that Congress set the deadline with nearly three weeks before December 25, allowing a buffer of negotiating time before Social Security payments are jeopardized and national parks close.

Webmaster's Commentary: 

Dec 01 17:17

Russell Brand joins London anti-eviction march against 'profit-greedy' US developer

Residents of an east London housing estate journeyed to the HQ of a US investment firm on Monday that plans to evict almost 100 families from their homes. Some 400 campaigners subsequently marched to No. 10 to hand a petition to PM David Cameron.

Grandparents, parents and children from Hoxton's New Era estate travelled across London on Monday in a fleet of buses to Westbrook Partners’ offices in Mayfair. Shortly after, hundreds gathered in Berkley Square and made their way to Downing Street as part of a day of protest organised by the New Era residents.

Webmaster's Commentary: 

Anyone able to connect me with Russell Brand? I would love to get him on my show!

Dec 01 15:05

Financial Analyst: “We Are Very, Very Close To A Major Event Here”

In the United States central bankers have printed trillions of dollars in an effort to keep the economy afloat. But the latest retail numbers suggest that the American consumer may be tapped out. Moreover, the purported economic recovery is quickly being revealed for the sham that it is as home sales across the United States have once again turned down and tens of millions of Americans remain jobless and dependent on government assistance just to survive.

Dec 01 14:47

15,000 robots usher in Amazon's Cyber Monday

An army of 15,000 robots is ready to roll as Amazon.com prepares for Cyber Monday, its biggest order day of the year.

Webmaster's Commentary: 

That means there are 15,000 fewer workers with the money to buy whatever Amazon (or anyone else) is trying to sell.

The critical missing component of our economy is that once the money gets collected at the top, there needs to be a way to recirculate it back down to the workers at the bottom, to feed back into the economy to hold up that financial pyramid.

Dec 01 14:10

Sears Closing More Stores Next Year, 8,000 Layoffs Since November

Growing list of store liquidations now extends into 2015 fiscal year.
Closures include 70 Kmart stores, 39 Sears stores, 35 Sears Auto Centers, two distribution centers, and three repair facilities.
At Sears stores that remain open, employees report layoffs of HR managers, loss prevention managers, department managers, and auto center employees.

Dec 01 13:43

Cold Fusion and Beyond - Dr. Eugene Mallove

Webmaster's Commentary: 

When this interview was filmed in October 2000, Dr. Eugene Mallove was Editor-In-Chief of the magazine, Infinite Energy and Director of the New Energy Research Laboratory in New Hampshire. "He held two MIT degrees in Aeronautical-Astronautical Engineering and a Harvard Doctorate in Environmental Health Sciences (Air Pollution Control Engineering). He had broad experience in high- technology engineering at companies including Hughes Research Labs, TASC (The Analytic Science Corporation) and MIT Lincoln Laboratory. "Dr. Mallove was the Chief Science Writer at MIT when the cold fusion story broke in March 1989, and he resigned in 1991 after his requested investigation into the altered cold fusion data at MIT (which helped to discredit the whole subject) was not properly done." Mallove's book, 'Fire from Ice' detailed the 1989 report of table- top cold fusion from Stanley Pons and Martin Fleischmann at the University of Utah. Among other things, the book claims that the team did produce "greater-than-unity" output energy in an experiment successfully replicated on several occasions, but that the results were suppressed through an organized campaign of ridicule from mainstream physicists, including some at his own alma mater, MIT.

Dec 01 12:56

Slap-in-the-Face Wealth Gap Images

Just 70 individuals now own as much wealth as half the world. In the U.S., the richest 40 individuals own as much as half the country, and the 16,000 American households in the top .01% have accumulated an average net worth of over a third of a billion dollars. As extreme wealth continues to grow out of control, inequality worsens for the rest of us, plaguing our country and our world, spreading like a terminal form of cancer. It should be a major news item in the mainstream media. But the well-positioned few are either oblivious to or uncaring about its effect on less fortunate people.

Dec 01 12:10

Guess What Happened The Last Time The Price Of Oil Crashed Like This?…

There has only been one other time in history when the price of oil has crashed by more than 40 dollars in less than 6 months. The last time this happened was during the second half of 2008, and the beginning of that oil price crash preceded the great financial collapse that happened later that year by several months. Well, now it is happening again, but this time the stakes are even higher. When the price of oil falls dramatically, that is a sign that economic activity is slowing down. It can also have a tremendously destabilizing affect on financial markets. As you will read about below, energy companies now account for approximately 20 percent of the junk bond market. And a junk bond implosion is usually a signal that a major stock market crash is on the way. So if you are looking for a “canary in the coal mine”, keep your eye on the performance of energy junk bonds.

Webmaster's Commentary: 

Right now, it wouldn't hurt to have one eye focused on Wall Street, and the other on your preparations for any sign of civil disruption of services, etc..

Please, folks.

I am NOT Mrs. Chicken Little of Hawaii; I am urging both calm, and planning on your part.

Have adequate resources, in terms of long-storage food, potable water, and medications for your family and your pets. Have the ability to defend your home against looters, and find people in your community with whom you feel safe working and bartering goods and services to get things done.

Invest in small amounts of gold and silver if you can, because precious metals always have some intrinsic value.

Plan how to re-connect with family if the excrement really hits the ventilation system. Know how your kid's school prepares for any kind of emergency, and how you can get your kid out of school, if need be.

Preparation will both give you both peace of mind, and the understanding of how to work your plan, if and when you need to.

Dec 01 11:58

Saudi Arabia Declares Oil War on US Fracking, hits Railroads, Tank-Car Makers, Canada, Russia; Sinks Venezuela

When OPEC announced on Thanksgiving Day that it would maintain oil production at 30 million barrels per day, chaos broke out in the oil market, and the price of oil around the globe spiraled into a terrific plunge. The unity of OPEC, if there ever was such a thing, was in tatters with Saudi oil minister smiling victoriously, and with a steaming Venezuelan oil minister thinking of the turmoil his country is facing [OPEC Refuses to Cut Production, Oil Plunges off the Chart].

During the closed-door meetings in Vienna, Saudi oil minister Ali al-Naimi told OPEC members that OPEC had to combat the US fracking boom. If OPEC cut output to raise the price of oil, it would lose market share, he argued. The way to win would be to allow overproduction to depress prices to the point where they would destroy the profitability of North American producers. And they’d have to cut production, rather than OPEC.

Dec 01 11:49

America Steps Up Investment In Global Cluster Bomb Trade

Global investments in the manufacture of cluster bombs and related munitions rose over the past year, despite the existence of an international convention against the use or production of these weapons. More than half of the institutions involved in those investments are based in the United States.

From 2011 to 2014, an estimated 151 financial institutions invested at least $27 billion in companies that produce weapons considered by rights groups to be prohibited by the Convention on Cluster Munitions, which entered into effect in 2010. This new estimate, from PAX, a Dutch watchdog group, constitutes a $3 billion increase from just last year.

While it is unclear what exactly is driving that increase, rights groups have reported on the recent use of cluster munitions in both eastern Ukraine and, particularly, Syria.

Webmaster's Commentary: 

These bombs are not being made in order to NOT use them.

And of course, cluster munitions do a spectacular job of killing infants and toddlers, who become curious about the packages, because they are colored just like food ration packages.

Dec 01 11:36

Oil at $40 Possible as Market Redraws Politics From Caracas to Tehran

Oil’s decline is proving to be the worst since the collapse of the financial system in 2008 and threatening to have the same global impact of falling prices three decades ago that led to the Mexican debt crisis and the end of the Soviet Union.

Russia, the world’s largest producer, can no longer rely on the same oil revenues to rescue an economy suffering from European and U.S. sanctions. Iran, also reeling from similar sanctions, will need to reduce subsidies that have partly insulated its growing population. Nigeria, fighting an Islamic insurgency, and Venezuela, crippled by failing political and economic policies, also rank among the biggest losers from the decision by the Organization of Petroleum Exporting Countries last week to let the force of the market determine what some experts say will be the first free-fall in decades.

Webmaster's Commentary: 

This is precisely the outcome the US government wanted to see happen, particularly concerning Russia, and coupled with US sanctions.

I would, however, strongly caution this government to be very careful about what it wishes for here: global destabilization could well have an industrial-strength blowback for this administration, and for which it may be singularly unprepared.

Dec 01 10:55

"Panic Selling" Saudi Stocks Crash Into Bear Market Following OPEC Decision

It's not just Shale oil stocks in the US that are hurting. Following the OPEC decision to not cut production and squeeze US producers, Saudi Arabia's major stock market index has tumbled into a bear market, giving up all the year's gains. As one analyst noted, "investors are afraid if oil stays where it is, it will negatively impact the government revenues, thus creating potential headwinds on government spending." Dubai stocks - our long-time favorite bubble index - has also been hammered, down over 7% intraday at its worst...

Dec 01 10:55

Crude Carnage Goes Contagious As Brevan Howard Liquidates Underperforming Commodity Fund

The entire commodity complex is seeing major contagion-like price declines in early trading. WTI Crude is back below $65 for the first time since May 2010 - now down 16% since the initial leaks of OPEC's decision last Wednesday. Gold and Silver are getting whacked and copper has plunged below 300 - back at its lowest since June 2010. The news over the weekend that Brevan Howard is liquidating its $630 million commodity hedge fund following recent poor performance is also likely not helping as what looked like late-Friday margin call liquidations are extending notably this evening.

Dec 01 10:49

These 13 Families Rule the World: The Shadow Forces Behind the NWO

Somewhere near the very top of the pyramid, an extremely elitist organisation known as the Council of the 13 families orchestrates all of the major world events. As the name suggests, the Council consists of the top 13 most influential families on Earth.

Dec 01 10:17

Moody’s Downgrades Japan’s Credit Rating

Moody’s Investors Service downgraded Japan’s credit rating Monday, highlighting the challenges facing Prime Minister Shinzo Abe as he tries to stoke inflation and growth.

In explaining its move, Moody’s cited heightened uncertainty over Japan’s ability to cut its fiscal deficit after Mr. Abe decided last month to delay an increase in the national sales tax scheduled to take effect next year.

Dec 01 10:16

Even if holiday sales didn’t drop 11%, early read isn’t encouraging

So, the good news is, the widely reported 11% decline in Black Friday-weekend sales isn’t the most reliable indicator in the world. The bad news is, the data coming in hasn’t been so hot.

Dec 01 10:14

BEX ALERT - Russian Money Suspected Behind Fracking Protests

Pointing to a mysteriously well-financed and well-organized campaign of protest, Romanian officials including the prime minister say that the struggle over fracking in Europe does feature a Goliath, but it is the Russian company Gazprom, not the American Chevron.

Webmaster's Commentary: 

Oooooh, BAD Russians. They are opposed to FRACKING! The horror. The HORROR!!!

(Ahem)

From now on, figure that anything opposing corporate interests in American will be blamed on the Russians.

Dec 01 09:32

Demand For Tesla Is Not The Problem, Switching The World To Electric Cars Is

When Tesla’s CEO Elon Musk says there’s enormous demand for his powerful electric cars, he may not be exaggerating.

Nov 30 13:43

Does Your Property Belong to the Government? - Part 2 | Mike Rivero

Nov 30 13:42

All Wars are Bankers' Wars: You Must Prepare to Survive - Part 3 | Mike Rivero

Nov 30 13:34

Mass Mutual Senior Vice President Dead from Stab Wound to Chest

Only one week after a Citigroup managing director was found killed in his New York apartment, another executive is dead.

Melissa Millan, a senior vice president at MassMutual, was found on Thursday lying in a Simsbury, Connecticut road with a stab wound to her chest. It is believed that the 54 year old banker was out jogging, according to police.

The mother of two was discovered by passing motorists and was subsequently taken to St. Francis Hospital where she passed away.

Initial reports were that Millan may have been involved in a hit-&-run but police announced over the weekend that they were investigating the case as a homicide.

Nov 30 13:33

The Modernized Slave Labor System: Also Known as the Prison Industrial Complex

The united states prison system, not only a machine for mass incarceration, but a machine for modernized slave labor. The United States has 5% of the worlds population, yet we have 25% of the worlds prison population. Land of the free right?

It would seem the statistics say otherwise, since the official drug war president Nixon announced in the 70?s, our prison population has grown over 700%! Recent estimates put our prison population to well over 2.4 million inmates. 50% of the federal prison inmates are for non violent drug offenses. All the while 20% of state prison inmates are drug related.

Nov 30 13:32

SURPRISE, GOLDMAN SACHS: PUBLIC BANK OF NORTH DAKOTA JUST OUTPERFORMED WALL STREET

While 49 state treasuries were submerged in red ink after the 2008 financial crash, one state’s bank outperformed all others and actually launched an economy-shifting new industry. So reports the Wall Street Journal last week, discussing the Bank of North Dakota (BND) and its striking success in the midst of a national financial collapse led by the major banks. Chester Dawson begins his November 16th article:

"It is more profitable than Goldman Sachs Group Inc., has a better credit rating than J.P. Morgan Chase & Co. and hasn’t seen profit growth drop since 2003. Meet Bank of North Dakota, the U.S.’s lone state-owned bank, which has one branch, no automated teller machines and not a single investment banker."

Nov 30 12:51

Swiss Gold Referendum Fails: 78% Vote Against "Protecting The Country's Wealth"

Whether as a result of an unprecedented scare campaign by the Swiss National Bank (most recently reinforced by Citigroup), or due to confidence that Swiss gold is as safe abroad as it is at home, or simply due to good old-fashioned "hanging chads", today's most awaited event has come and gone and the result - according to early projections by Swiss television SRF - is that the Swiss population overwhelmingly rejected a referendum to force the Swiss National Bank to hold some 20% of its reserves in gold in a landslide vote, with about 78% voting against what AP politely termed "protecting the country's wealth by investing in gold."

Webmaster's Commentary: 

Whether the results of a slick ad campaigns, or an incredible hack job, the executives of the Bank of Switzerland can collectively breathe a sign of relief that this referendum didn't pass.

Nov 30 12:45

Anti-Gold Propaganda Prevails In Swiss Vote!

This morning the final votes were cast on the Swiss Gold Initiative (most votes were submitted via post). As we speak the final votes are still being counted however we already know: The initiative has been rejected!

Webmaster's Commentary: 

Or more likely the election was rigged to protect the private central bankers and their paper ponzi-currency.

Nov 29 08:09

Note to the Hawaii tourism industry: Judge Kurren is not your friend

A Judge trying to save Dow and Monsanto and their toxic GMO/pesticide experiments is one thing; but there is a much bigger industry in Hawaii:

Tourism.

I’m sure Judge Barry Kurren and his wife, Faye, know some of the heavy hitters in that billion-dollar business.

Well, look at it this way: If the Judge rules against the people of Maui, who just voted to stop Dow and Monsanto…

And if tourists begin to realize how many Dow/ Monsanto experimental toxic pesticides continue floating around the Islands…

And if they book their vacations elsewhere…

Eyes will turn. Glances will become accusing stares.

Nov 28 21:07

Head of Enel’s Romanian Units Dies After Falling From Building

The head of Enel SpA (ENEL)’s two Romanian units died after falling from the company’s building in Bucharest.

Matteo Cassani, the general manager of Enel Energie SA and Enel Energie Muntenia SA, was found dead today in front of the divisions’ headquarters, according to B1 TV broadcast from the incident site.

“Circumstances of this accident are still unknown and an internal investigation is ongoing,” the Enel’s units said in an e-mailed statement. Cassani had worked in Romania for 10 years on various management positions, it said.

Nov 28 09:11

Big Banks: What Happens When Customers Cease to Believe?

To try to understand the current controversy over bank supervision is quite impossible if one insists on treating it as a domestic issue. All central bank policies these days are apparently coordinated by the Bank for International Settlements (and London as well) and the system will protect its own.

Not only will it protect its own, it will create conditions for the continued expansion and consolidation of big money center banks. It will drive this expansion by ensuring these banks are "too big to fail" and thus receive the funds they need to stay in business no matter what.

All of these manipulations are generated to expand and consolidate the banking/financial sector. And what is more disheartening is that banks – despite the meme of their necessity – are in the larger sense simply glorified bookkeeping shops.

Nov 28 09:03

Swiss, French call to bring home gold reserves as Dutch move 122 tons out of US

The financial crisis in Europe is prompting some nations to repatriate their gold reserves to national vaults. The Netherlands has moved $5 billion worth of gold from New York, and some are calling for similar action from France, Switzerland, and Germany.

An unmatched pace of money printing by major central banks has boosted concerns in European countries over the safety of their gold reserves abroad.

Nov 27 09:52

Bell employees planted glowing online reviews of new Bell app

As soon as Bell Canada launched a new version of a phone app last week, the response online was electric; it quickly garnered glowing, five-star reviews on Apple's iTunes App Store.

CBC News has learned that some of those rave reviews were planted. Possibly half a dozen or more were written by Bell Canada employees – many in senior positions – none of whom disclosed their affiliation with the company.

Nov 27 09:43

US pressing Chinese and Arab banks to sanction Russia – head of VTB bank

The US is putting pressure on Chinese and Arab banks, forbidding them to work with Russian sanctioned companies, says Andrey Kostin, head of Russia's second biggest lender VTB.

"We have information on Arab countries, China, and others that US officials come, gather the heads of banks and say: "We will punish everyone who is under Russian sanctions," said Kostin, after a meeting organized by the Stuttgart Chamber of Commerce in Germany.

"We need to take this into account. Nobody wants to become BNP Paribas”, he said, meaning the large French bank that was fined $9 billion for violating US sanctions against Cuba, Iran and Sudan.

However, Kostin believes Chinese credit organizations will provide financing for projects that interest them.

Webmaster's Commentary: 

I think the rest of the wor4ld is getting very tired of the US telling them how to run their economies.

Nov 27 09:42

OPEC decides not to cut oil output

A ‘unilateral decision’ was taken by OPEC not to cut production and to leave the daily output ceiling unchanged at 30 million barrels, despite a major oversupply that has caused oil prices to fall more than 30%.

Nov 26 08:36

Kean University students question need for $219,000 conference table

A high-tech, $219,000 conference table purchased by Kean University raised eyebrows on the school's campus, where some students questioned whether the expense was warranted.

The 22-foot oak table was specially manufactured by a company in China, where Kean recently opened a campus, and serves as the centerpiece of a new conference center.

Webmaster's Commentary: 

King Arthur would be proud!

Nov 26 08:17

U.S. Weekly Jobless Claims Jump By 21,000 To 313,000

First-time weekly jobless claims in the U.S. jumped by 21,000 to a seasonally adjusted 313,000 during the week to Saturday, the Labor Department said Wednesday.

The tally was at far above of the range of consensus expectations compiled by various news organizations for new claims of somewhere between 280,000 and 295,000.

Nov 25 17:57

SURPRISE, GOLDMAN SACHS: PUBLIC BANK OF NORTH DAKOTA JUST OUTPERFORMED WALL STREET

"It is more profitable than Goldman Sachs Group Inc., has a better credit rating than J.P. Morgan Chase & Co. and hasn’t seen profit growth drop since 2003. Meet Bank of North Dakota, the U.S.’s lone state-owned bank, which has one branch, no automated teller machines and not a single investment banker."

Nov 25 09:54

Here Comes France: Right-Wing Leader Marine Le Pen Demands Central Bank Repatriate French Gold

First Germany, then the Netherlands, perhaps Switzerland this weekend, and now the French right-wing Front National, which shockingly came first in May's European parliament elections, and whose leader Marine Le Pen is currently polling in first place in a hypothetical presidential election (in both a first and run off round), ahead of president Hollande, has sent a letter to the governor of the French Central Bank, the Banque de France, demanding that France join the list of nations which have repatriated, or at least tried to, their gold.

Webmaster's Commentary: 
Nov 25 09:48

Deutsche Bank's Modest Proposal To Central Banks: "Purchase The Gold Held By Private Households"

In other words, all the world's central banks would need to do to "liberate dormant liquidity" , held, as DB suggests, by private households in various "unwanted" troves of physical gold, and in the process also build up their gold holdings, would be to make said gold unattractive to hold.

And if that fails, well, FDR already showed the world how to deal with an intransingent public which does not want to part with its gold in Executive Order 6102, something which the Dutch Central Bank which also made the news recently when it secretly repatriated 122 tons of gold from the NY Fed, already did years ago when it advised pension funds to sell their gold: confiscation.

Webmaster's Commentary: 

"Make gold unattractive" means artificially driving the price down. And the reference to FDR is more than passing as FDR's gold confiscation was a forced sale of private gold to the government ... at $20 an ounce!

Nov 23 08:26

Russia-Europe: Sanctions Losing Steam

The foreign ministers of the European Union discussed the situation in Ukraine and their turbulent relations with Moscow agreeing that there is no point to enhance sanctions against Russia.

Webmaster's Commentary: 

"You can't do that! I hereby sanction Europe! I sanction the whole world! You will miss us, I promise!" -- Official White Horse Souse

Nov 23 08:22

Illegals get a pay raise while current American workers’ checks could get squeezed

Illegal immigrants stand to make out nicely, seeing a big jump in their wages under President Obama’s policy, announced Thursday, granting millions of them temporary amnesty and the chance to work legally, but analysts say American workers in some jobs are likely to feel a pinch from new competitors.

Webmaster's Commentary: 

I recall all those pro-immigration shills who would scream "racist" at anyone suggesting amnesty would harm legal American workers, and here we are just days after Obama the Dictator rewrote the laws of the land with his mighty pen, and they are openly admitting legal American workers will be harmed by this.

Nov 21 09:30

Swiss Gold Initiative Leader Banned From Televised Debate

Today King World News was stunned to learn that the Swiss politician who launched the Swiss Gold Initiative was actually banned from participating in the televised debate. Luzi Stamm, who was one of the primary architects of the Swiss Gold Initiative, spoke with KWN about why he was banned from the televised debate and why “It is not possible (to continue) what’s (currently) going on in the Western world.” Below is his remarkable interview.

Nov 21 09:04

Banking breeds cheating for financial gain - Swiss researchers

Society expects bank employees to be honest when entrusting them with money. However, new research involving bankers suggests they are more likely than other professionals to be dishonest if they are reminded about their professional role.

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