Oct 31

“The conditions in the economies of the rest of the world have undoubtedly proved weaker compared with a few months ago, in particular in the emerging economies. Global growth forecasts have been revised downwards. This slowdown is probably not temporary.”


Draghi Satan

Mario Draghi Admits Global QE Has Failed: “The Slowdown Is Probably Not Temporary”:

Undoubtedly, the most amusing this about the prospect of more easing from the ECB (as telegraphed by Mario Draghi last week) and the BoJ (where Haruhiko Kuroda just jeopardized his status as monetary madman par excellence by failing to expand stimulus) is that both Europe and Japan both recently slid back into deflation despite trillions in central bank asset purchases. 

In other words, the market expects both Draghi and Kuroda to double- and triple- down on policies that clearly aren’t working when it comes to altering inflation expectations and/or boosting aggregate demand. Indeed, both Goldman and BofAML said as much last week. For those who missed it, here’s Goldman’s take Continue reading »

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Oct 31

29 people arrested on sex trafficking charges in 13 cities, 8 states:

Federal authorities arrested 29 people in 13 cities across eight states on sex trafficking charges, as part of a sweeping southern states operation called “Safe Haven,” according to US officials.

The undercover operation involved a loosely affiliated operation that coordinated the movement of Latino females throughout the southeast of the US, according to authorities. The traffickers within the operation were independent operators who coordinated the delivery of women for sexual purposes. Continue reading »

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Oct 31

comet

Dead comet with skull face to hurtle by Earth on Halloween:

A massive space rock that will shave by Earth on Halloween looks like a dead comet with a skull face, NASA said after gaining a closer look at the spooky space object.

Astronomers initially thought the object was an asteroid when they spotted it in early October, and named it Asteroid 2015 TB145.

But using the US space agency’s Infrared Telescope Facility (IRTF) on Mauna Kea, Hawaii, experts “have determined that the celestial object is more than likely a dead comet that has shed its volatiles after numerous passes around the sun,” NASA’s Jet Propulsion Laboratory said in a statement late Friday.

Scientists have also spotted an eerie skull-like resemblance on the face of the rock, based on radar data from the National Science Foundation’s 305-meter (1,000-foot) Arecibo Observatory in Puerto Rico. Continue reading »

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Oct 31

More than 13 feet of snow Mount Rainier, WA by Monday evening:

Four meters of snow in just four days!

As of yesterday morning, NOAA was predicting between 122 and 162 inches of snow (10 to 13½ FEET!) on Mt. Rainier at higher elevations.

Combined with 65 mph winds and temperatures in the 20-30 degree Fahrenheit range, wind chills will drop to near zero Fahrenheit.

Continue reading »

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Oct 31

Argentina – Coldest October since records began:

Isn’t this where Pope Francis is from?

Low temperatures for 20 days in most of Argentina created the coldest October since 1963, according to the National Meteorological Service (SMN). Continue reading »

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Oct 31

Putin Defies The West, Leads BRICS Alliance Away From NWO Reservation

Russia’s Putin Says Global Warming Is ‘A Fraud’:

Russian President Vladimir Putin believes global warming is a “fraud” — a plot to keep Russia from using its vast oil and natural gas reserves.

Putin believes “there is no global warming, that this is a fraud to restrain the industrial development of several countries, including Russia,” Stanislav Belkovsky, a political analyst and Putin critic, told The New York Times. Continue reading »

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Oct 31

Withdrawals Of Gold From NY Fed Jump To 20 Tons In September, Total 276 Tons Since 2014:

In September, the total physical gold held in custody at the NY Fed dropped another 19.9 tons in September, down to 5,919.5 tons. This was a doubling in gold withdrawals from 10 tons in August, and is the highest withdrawal since January. At just under 5,920 total tons in NY Fed inventory, this is the lowest amount of gold held in NY Fed custody in decades.

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Oct 31

Obama-Foreign-Policy

Obama Announces “Boots on the Ground” in Syria, Despite Promising “No Boots on the Ground” 16 Times:

The following was reported by Reuters earlier today.

The United States will deploy dozens of special operations forces to northern Syria to advise opposition forces in their fight against Islamic State, a major policy shift for President Barack Obama and a step he has long resisted to avoid getting dragged into another war in the Middle East. Continue reading »

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Oct 31

Pentagon Commits To Doling Out $80 Billion For Another Bomber:

So much for the ‘age of austerity.’ While in the middle of dealing with the trillion-dollar boondoggle known as the F-35 project, the Department of Defense has committed to spend another $80 billion on bomber it does not need. The next generation long range strike bomber (LRS-B) will be the first new bomber since the Cold War.

The contract from the US Air Force was awarded to Northrop Grumman, who beat out Lockheed Martin and Boeing to build a bomber that is not expected to be operational until the 2020s. The current estimated cost for the bombers is $564 million each (and you can expect that number to go up). Continue reading »

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Oct 31

Russia: US may have delusion of winning war with Russia:

A senior Russian government official says some in the U.S. may have a delusion of winning a war with Russia with new conventional weapons without resorting to nuclear arms.

Dmitry Rogozin, a deputy prime minister in charge of military industries, said in remarks carried Friday by Russian news agencies that “for the first time ever, the American strategists have developed an illusion … that they may defeat a nuclear power in a non-nuclear war.” He added that “it’s nonsense, and it will never happen.” Continue reading »

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Oct 31

Saudi prince arrested on private plane with 2 tons of drugs:

Lebanese security forces are interrogating a Saudi prince on charges of carrying drugs on his private plane after they allegedly retrieved 2 tons of narcotics from the aircraft, local media reported.

Abd al-Muhsen bin Walid bin Abd al-Aziz Al Saud was detained on Monday in Beirut’s Rafik Hariri International Airport. Continue reading »

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Oct 31

Energy Dept Says PUMPKINS Cause Climate Change:

Millions of pounds of Halloween pumpkins end up in the trash, becoming part of the more than 254 million tons of municipal solid waste produced in the United States every year, says the Energy Dept website.

Municipal solid waste decomposes into methane, “a harmful greenhouse gas that plays a part in climate change, with more than 20 times the warming effect of carbon dioxide,” Energy says. Continue reading »

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Oct 31

ObamaSelfie

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Oct 31

hillary-witch-hunt

Hillary-Witch

 

Oct 30

obamacare will hurt

Obamacare Is A Disaster: Co-Op Insurers Across America Are Collapsing, And Now There Is Fraud:

Two weeks ago we reported that in what at the time was still a rather isolated incident, Colorado’s largest nonprofit health insurer (aka co-op), Colorado HealthOP is abruptly shutting down, forcing 80,000 Coloradans to find a new insurer for 2016.

At the time, we said that the health insurer had been decertified by the Division of Insurance as an eligible insurance company because the cooperative relied on federal support, and federal authorities announced last month they wouldn’t be able to pay most of what they owed in a program designed to help health insurance co-ops get established. Continue reading »

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Oct 30

fetus_womb

Laughing abortionists ‘pull out baby hearts after abortion, just for fun. It’s cute’ *VIDEO*:

Admit they “strive” to extract “intact” heads to sell

An eleventh undercover video was released Tuesday by the Center For Medical Progress, again capturing officials at Planned Parenthood admitting to selling aborted body parts, and laughing about it.

This time an abortion doctor for Planned Parenthood in Austin, Texas. discusses harvesting the “intact” heads of late term aborted babies for research.

“My aim is usually to get the specimens out pretty intact,” the doctor, Amna Dermish, tells the actors posing as potential fetal tissue buyers.

Dermish also admits that she sometimes alters the abortion procedure in an effort to preserve the fetus for harvesting. Continue reading »

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Oct 30

China-golf

China’s Communist Party bans… golf.

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Oct 30

S&P Downgrades Saudi Arabia On Slumping Crude, Ballooning Fiscal Deficit:

“We expect the Kingdom of Saudi Arabia’s general government fiscal deficit will increase to 16% of GDP in 2015, from 1.5% in 2014, primarily reflecting the sharp drop in oil prices. Hydrocarbons account for about 80% of Saudi Arabia’s fiscal revenues.”

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Oct 30

The Shale Massacre: Chevron Fires Another 7,000 After Laying Off 1,500 Three Months Ago:

Even though Chevron said in July that its cost-cutting initiatives would be “completed by mid-November of 2015” it decided to surprise everyone moments ago when on its earnings call it announced it would not only slash its capex by another 25%, but will shortly distribute another 7,000 pink slips. The reason: another terrible quarter in which the $2 billion in earnings were a 73% plunge from a year earlier.

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Oct 30

Shaker Aamer released: After 13 years in Guantanamo, final British detainee lands at Biggin Hill:

Mr Aamer was never convicted of any crimes

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Oct 30

Labour MP Gerald Kaufman accuses Government of being swayed by ‘Jewish money’:

He also said ‘more than half’ of the recent stabbing attacks against Jews in Israel had been fabricated

Labour MP Sir Gerald Kaufman has allegedly accused Israel of fabricating some recent stories about knife attacks against Jews in Israel, and claimed the Conservative party is influenced by “Jewish money,” in a speech at a pro-Palestine event at Parliament.

As reported by The Jewish Chronicle, Kaufman, MP for Manchester Gorton and Father of the House, told the audience at a Palestine Return Centre event that the Government has become more pro-Israel in recent years due to donations from Jewish groups. Continue reading »

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Oct 30

young-inequality-GET

Young people suffering their ‘worst economic prospects for several generations’:

Young people are suffering the “worst economic prospects for several generations” as a worrying age inequality gap is opening up in Britain, according to a major state-of-the-nation report.

In its biggest review yet of equality across the country, the Equality and Human Rights Commission (EHRC) identified the winners and losers in modern Britain.

Younger people have been hit by the greatest drop in income and employment in recent years compared with older age groups. They also face even greater barriers to achieving economic independence and success than they did five years ago. Continue reading »

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Oct 30

… which is not new information.


Zeolites contain high levels of lead and aluminum: Health Ranger publishes lab test results after being threatened with legal action by manufacturer

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Oct 30

David-Cameron-Big-Brother

Police ‘to be given powers to view everyone’s entire internet history’:

Police are to be given the power to view everyone’s entire internet history in a new surveillance bill to be published next week, according to reports.

The proposed legislation will make it a legal requirement for telecoms and internet service providers to retain all of the web browsing history for all customers for a period of 12 months, according to the Daily Telegraph.

Authorities such as the police, intelligence services and the National Crime Agency would be able to access specific web addresses people had visited, but would need approval from a judge to view the content of websites, emails and social media messages. Continue reading »

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Oct 30

First They Jailed the Bankers, Now Every Icelander to Get Paid in Bank Sale:

Iceland — First, Iceland jailed its crooked bankers for their direct involvement in the financial crisis of 2008. Now, every Icelander will receive a payout for the sale of one of its three largest banks, Íslandsbanki.

If Finance Minister Bjarni Benediktsson has his way — and he likely will — Icelanders will be paid kr 30,000 after the government takes over ownership of the bank. Íslandsbanki would be second of the three largest banks under State proprietorship.

“I am saying that the government take [sic] some decided portion, 5%, and simply hand it over to the people of this country,” he stated. Continue reading »

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Oct 30

putin_obama_looking_away

Putin Makes Obama an Offer He Can’t Refuse:

Why is John Kerry so eager to convene an emergency summit on Syria now when the war has been dragging on for four and a half years?

Is he worried that Russia’s air campaign is wiping out too many US-backed jihadis and sabotaging Washington’s plan to topple Syrian President Bashar al Assad? Continue reading »

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Oct 30

And …

US ‘To Boost’ Military Aid To Israel By ANOTHER $1.5 Billion Per Year (Israel Is Receiving Already $3 Billion A Year)


The US Spends $35 Billion In Global Economic Aid (But Where Does All This Money Really Go?):

The United States provided approximately $35 billion in economic aid to over 140 countries in fiscal year 2014.

In the HowMuch.net-created map below, the relative size of each country is proportionate to the aid received from the United States and the color of each country indicates GDP per capita.

20151029_USAID

Source: HowMuch.net

Clearly, not all aid is distributed equally. The question is: Who received the largest slice of the pie from the U.S.? From the map above, the answer is clear: Israel.  Continue reading »

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Oct 30

H/t reader squodgy:

Arbitration panel OKs jurisdiction in South China Sea case:

THE HAGUE, Netherlands (AP) — An international tribunal ruled Thursday that it can take on a case between China and the Philippines over disputed territory in the South China Sea, overruling objections from Beijing that the arbitration body has no authority to hear the case.

The Philippine case, which was filed before the tribunal in The Hague in January 2013, contends that China’s massive territorial claims in the strategic waters do not conform with the 1982 U.N. Convention on the Law of the Sea and should be declared invalid. The Philippines also asserts that some Chinese-occupied reefs and shoals do not generate, or create a claim to, territorial waters. Continue reading »

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Oct 30

Bombshell! Europe Drops Charges Against Edward Snowden, Offers Asylum And Protection:

This week, the European Parliament voted to offer Edward Snowden asylum and protection and drop all criminal charges against him. When at one time most of the world was bullied by the US government into pressing charges against Snowden and forcing him into exile, the entire European continent has now officially given him a pass.

Thursday’s 285 – 281 vote officially recognized Snowden as an “international human rights defender” and ensured that he would be free from arrest within European borders. Continue reading »

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Oct 30

Update:

Syria: Obama authorizes boots on ground to fight ISIS (CNN)


Obama vs Putin

Obama Set To Announce US Boots On The Ground In Syria, Russia Threatens Deployment “Unacceptable”:

When the US media began airing helmet cam footage of Delta Force executing a prison break at an ISIS compound last week we suggested that Washington was making an effort to prepare the American public for more boots on the ground in Iraq and the possibility of ground troops in Syria.

The catalyst: Russia and Iran. Put simply, the US has been embarrassed by Moscow and Tehran’s coordinated effort to rout the Sunni extremists backed by Riyadh, Doha, and Ankara operating in Iraq and Syria and now, as Baghdad and Kabul threaten to turn to The Kremlin for help in the face of American ineptitude, the Pentagon is desperate to show that the US can still be effective at fighting terrorism. Continue reading »

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Oct 30

NOAA Refuses to Hand Over Climate Change Documents to Congress:

Last summer, scientists published a study that challenged the notion that global warming has been slowing down in recent years. Their analysis was based on temperature data that was provided by the National Oceanic and Atmospheric Administration (NOAA). Since that time, Congressman Lamar Smith has asked NOAA for the data and internal communications that were related to the study, but they have refused to hand them over.

On October 13th, Smith filed a subpoena for the documents. The Congressman has long been skeptical of climate change, and has accused NOAA of fabricating temperature data. Smith told The Examiner that “Congress cannot do its job when agencies openly defy Congress and refuse to turn over information…When an agency decides to alter the way it has analyzed historical temperature data for the past few decades, it’s crucial to understand on what basis those decisions were made. This action has broad national and policy implications.” Continue reading »

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Oct 30

Shell Scraps Oil-Sands Project, Points at Big Issue For Canada:

On October 27, the Anglo-Dutch oil major announced that it was pulling the plug on its Carmon Creek oil sands project in Alberta, Canada. The project was expected to yield 80,000 barrels per day in oil sands production, which was originally greenlighted in 2013.

However, the markets have turned against Shell. In March, the company said that it would alter the design of the project to “take advantage of the market downturn to optimize design and retender certain contracts.” The logic was that low oil prices are forcing cost reductions up and down the supply chain, potentially allowing the company to lower construction costs. Continue reading »

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Oct 29

FrontlinesWrap_0

Dramatic Footage From The Syrian War In Aleppo And Palmyra:

Back in May, ISIS seized the ancient Syrian city of Palmyra, a UNESCO world heritage site.

The world immediately began to panic at the prospect of the city’s destruction at the hands of Islamic State. Since then, there have been various reports which indicate ISIS has in fact decimated a few treasures of antiquity and indeed, some of that destruction reportedly involved tying prisoners to ancient columns and then subsequently blowing them up (that “intelligence” comes from the Syrian Observatory for Human Rights so one should take it with a grain of salt).

TempleExplosion

(an image purporting to show the destruction of ancient ruins)

Palmyra is but one key city the Assad regime and its Russian and Iranian allies are attempting to retake. Others include Aleppo, where Hezbollah and IRGC forces are fighting under cover of Moscow’s warplanes to wrest control from a hodgepodge of rebels and militants.  Continue reading »

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Oct 29

“I cannot condemn in strong enough terms this ill-advised US military escalation in the Middle East. Whoever concluded that it is a good idea to send US troops into an area already being bombed by Russian military forces should really be relieved of duty.”


We Must Oppose Obama’s Escalation in Syria and Iraq!:

By Ron Paul

Ealier this week, Secretary of Defense Ashton Carter appeared before the Senate Armed Services Committee to outline a new US military strategy for the Middle East. The Secretary admitted the failure of the US “train and equip” program for rebels in Syria, but instead of taking the appropriate lessons from that failure and get out of the “regime change” business, he announced the opposite. The US would not only escalate its “train and equip” program by removing the requirement that fighters be vetted for extremist ideology, but according to the Secretary the US military would for the first time become directly and overtly involved in combat in Syria and Iraq. Continue reading »

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Oct 29

Venezuela Sells Billions In Gold To Repay Its Debt:

Just under a year ago in the aftermath of the “OPEC Thanksgiving Massacre” of 2014 which sent oil crashing when Saudi Arabia effectively ended the oil cartel, we predicted that Venezuela (with its CDS trading at 2300 bps back then) would become the first casualty of the “crude carnage.” Since then not only has Venezuela, which relies on crude oil for 95% of its export revenue, suffered a dramatic episode of hyperinflation (which is only accelerating) coupled with total economic collapse, but its CDS has, as expected, blown out to reflect a default of probability at 96% over the next five years as shown below.

20151029_VENZ

Yet while everyone promptly jumped on the “Venezuela will default bandwagon” it has so far avoided bankruptcy.

How can this country with a massive debt load and a paralyzed economy have avoided default so far? Continue reading »

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Oct 29

crony-capitalism

Retirement Assets of 100 CEOs Equals Combined Retirement Assets of 41% of American Families:

The following speaks for itself.

From Fortune:

The retirement assets of 100 Fortune 500 CEOs are worth more than the entire nest eggs of 41% of American families, a new study shows.

That means the 100 largest CEO retirement accounts—which totaled $4.9 billion last year—would equal the total saved by 50 million U.S. families, according to a report that was jointly published by the Institute for Policy Studies and the Center for Effective Government.

Now here’s the truly egregious part of all this… Continue reading »

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Oct 29

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Oct 29

Deutsche-Bank-0

Deutsche Bank Reports Massive Loss, Will Cut 35,000 Jobs, Exit 10 Countries In Sweeping Overhaul:

As we put it a few days ago while mocking Saudi Arabia’s attitude toward “collateral damage” from its bombing runs in Yemen, “you can’t make an omelette without breaking a few eggs.” Well, over at Deutsche Bank, John Cryan has been busy crushing whole cartons worth. 

From sweeping job cuts, to reorganizations, to eliminating the dividend, Cryan has been a veritable wrecking ball since taking the helm from co-CEOs Anshu Jain (who is gone) and Jürgen Fitschen (who is leaving).

Just yesterday, Europe’s largest bank announced that the dividend would be scrapped as part of “Strategy 2020.” Here are some other key points from Cryan’s “plan”: Continue reading »

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Oct 29

From the article:

“NATO military planning generates confrontational approaches to security issues that in our view should belong to the past. The creeping increase in NATO’s military presence on our frontiers [is] testing [our] patience.”


NATO Looks To Station Thousands Of Troops On Border With Russia:

Russia’s dramatic intervention in Syria has served to push the conflict in Ukraine (a country that is now partially governed by Star Wars characters) to the back of the world’s collective mind. After all, separatists exchanging fire with government forces and/or far-right “volunteer” battalions every couple of days against a dreary backdrop of rundown Eastern European towns isn’t nearly as exciting as Sukhois dropping bombs on sword-waving desert bandits and so, Ukraine’s crisis has gradually receded into the background.

That said, it’s important to remember that one of the principal reasons for deteriorating relations between Moscow and the West is the conflict in Ukraine.  Continue reading »

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Oct 29

Louis-D-Brandeis-quote

The Oligarch Recovery – U.S. Military Veterans are Selling Their Pensions in Order to Pay the Bills:

Moore soon found himself two months behind on rent and at least 10 days from payday. In bed that night, he saw a TV ad for Future Income Payments, a company based in Irvine, Calif., that buys pensions in exchange for a lump sum. The company said it had worked with military personnel and government workers. Ten minutes later, he got up and made the call.

The next day, a company representative called Moore back and explained that he would receive a $5,000 cash advance for selling part of his pension. In exchange, Moore would have to pay the company $510 a month for five years  — a total of $30,600.

If it were a typical loan, that would amount to $25,600 in interest — a rate of 512 percent. Continue reading »

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