On the surface, Canada’s 1.2% inflation is negligible, and barely enough to keep up with the pace of overall growth as mandated by a few central bank academics. It is below the surface, however, that one finds the scary truth. Because when stripping away the sliding energy prices (which at the recent pace of short covering among oil speculators are about to surge) some scary numbers emerge, such as a 3.8% monthly jump in food prices, primarily as a result of a whopping 30-40% increase in select meat prices in the last 8 months.
How do ordinary people – which excludes those who work in central banks and have taxpayers fund their everyday purchases, which allows them to fully ignore soaring food and rent costs – survive in an environment of soaring food prices?
As the following brief documentary by CBC’s The National reveals, food inflation means people have no choice but to eat “far less beef” than they used to, “or chicken.” Others are ok with the runaway food inflation: “it doesn’t matter to me, I buy the meat at the price it is and that’s fine with me” say a gentleman who likely works for a hedge fund and BTFD for a living. Continue reading »
While western propaganda would like ISIS to appear to be run by religious fanaticism, it instead, as RT reports, has been functioning more like a secret intelligence service, calculating every operation and drafting plans of a covert Syrian takeover for years. According to detailed organization chart and strategy blueprints seen by Der Spiegel, it has been revealed that the former colonel in the intelligence service of Saddam Hussein’s air defense force(among many ex-Saddam officers who now make up the leadership of ISIS) was secretly pulling the strings at ISIS for years. From recruitment and training to PsyOps tactics and overall strategy, ISIS mastermind Haji Bakr rose to power after he became “bitter and unemployed,” when the US suddenly dissolved the Iraqi army after the 2003 invasion.
When Haji Bakr was shot and killed after a brief firefight in the town of Tal Rifaat on a January morning in 2014, not even those on the mission knew the true identity of the tall man in his late fifties. Samir Abd Muhammad al-Khlifawi was the real name of the Iraqi, and as Der Spiegel reports, the former colonel in the intelligence service of Saddam Hussein’s air defense force had been secretly pulling the strings at ISIS for years.
But when the architect of the Islamic State died, he left something behind that he had intended to keep strictly confidential: the blueprint for this state. It is a folder full of handwritten organizational charts, lists and schedules, which describe how a country can be gradually subjugated. Der Spiegel has gained exclusive access to the 31 pages, some consisting of several pages pasted together. Continue reading »
“The gap would be made up with future tax hikes and/or cuts in spending. Those future taxes would be paid by successful millennials and their descendants, letting unsuccessful millennials off the hook,” Bloomberg notes, bemoaning the likely “solution” to America’s trillion dollar student debt bubble.
As we observed yesterday when we showed that if comparing the collapse in China’s housing market with that of the US following their respective peaks then China is already a recession, we added that “as shown in the chart below [China] has recently engaged in several easing steps, with many more to come according to the sell-side consensus.” Sure enough, just a few hours later, the PBOC announced its second Reserve Requirement Ratio (RRR) for all banks since February 4, when China had its first industry-wide RRR cut since May 2012. The move will be effective Monday, April 20.
As if anyone actually needed another reason to move out of the crazy state of California, now it is being reported that conditions in some areas of the state “are like a third-world country” due to the multi-year megadrought that has hit the state. In one California county alone, more than 1,000 wells have gone dry as the groundwater has disappeared. The state is turning back into a desert, and an increasing number of homes no longer have any water coming out of their taps or showerheads. So if you weren’t scared away by the wildfires, mudslides, high taxes, crime, gang violence, traffic, insane political correctness, the nightmarish business environment or the constant threat of “the big one” reducing your home to a pile of rubble, perhaps the fact that much of the state could soon be facing Dust Bowl conditions may finally convince you to pack up and leave. And if you do decide to go, you won’t be alone. Millions of Californians have fled the state in recent years, and this water crisis could soon spark the greatest migration out of the state that we have ever seen. Continue reading »
Get ready for another major worldwide credit crunch. Today, the entire global financial system resembles a colossal spiral of debt. Just about all economic activity involves the flow of credit in some way, and so the only way to have “economic growth” is to introduce even more debt into the system. When the system started to fail back in 2008, global authorities responded by pumping this debt spiral back up and getting it to spin even faster than ever. If you can believe it, the total amount of global debt has risen by $35 trillion since the last crisis. Unfortunately, any system based on debt is going to break down eventually, and there are signs that it is starting to happen once again. For example, just a few days ago the IMF warned regulators to prepare for a global “liquidity shock“. And on Friday, Chinese authorities announced a ban on certain types of financing for margin trades on over-the-counter stocks, and we learned that preparations are being made behind the scenes in Europe for a Greek debt default and a Greek exit from the eurozone. On top of everything else, we just witnessed the biggest spike in credit application rejections ever recorded in the United States. All of these are signs that credit conditions are tightening, and once a “liquidity squeeze” begins, it can create a lot of fear.
Over the past six months, the Chinese stock market has exploded upward even as the overall Chinese economy has started to slow down. Investors have been using something called “umbrella trusts” to finance a lot of these stock purchases, and these umbrella trusts have given them the ability to have much more leverage than normal brokerage financing would allow. This works great as long as stocks go up. Once they start going down, the losses can be absolutely staggering.
Could you imagine being a single parent and trying to survive in America today on $10.50 an hour? For a moment, I want you to imagine that you are living in a moldy apartment that is so badly maintained that rain seeps in whenever it rains. You are employed, but you are completely dependent on government programs such as food stamps and Medicaid in order to make ends meet. Sometimes you would really like to take your small child somewhere fun, like a movie theater, but you can’t really afford the gas money. You are working as hard as you can, but you never seem to get anywhere, and you feel trapped because nobody seems to want to hire you for a better job. What I have just described for you is real life for a 22-year-old single mother from Chicago named Adriana Alvarez, but there are tens of millions of other Americans that have similar stories. If every day seems like it is a soul-crushing struggle for you, I want you to know that you are not alone. The long-term economic collapse that I chronicle on my website is not just about facts and figures. It is about real people that are quietly leading lives of silent desperation, and by now it has becoming exceedingly apparent that our politicians, the mainstream media and the gigantic corporations that dominate our economy do not really care much about the rest of us at all. Continue reading »
According to evidence unearthed from the archives of the EPA (Environmental Protection Agency) in the United States, it has been established that Monsanto was fully aware of the potential of glyphosate to cause cancer in mammals as long ago as 1981.
Recently the WHO’s International Agency for Research on Cancer (IARC) issued a statement in which glyphosate (the main component of Roundup herbicide) was classified as “probably carcinogenic” to humans and as “sufficiently demonstrated” for genotoxicity in animals (1). This announcement of a change to toxicity class 2A was given vast coverage in the global media, causing Monsanto to move immediately into damage limitation mode. The corporation demanded the retraction of the report, although it has not yet been published! Predictably, there was more fury from the industry-led Glyphosate Task Force (2). This Task Force also sponsored a “rebuttal” review article (3) from a team of writers with strong links with the biotechnology industry; but because of the clear bias demonstrated in this paper (which suggests that glyphosate has no carcinogenic potential in humans) it is best ignored until it has been carefully scrutinized by independent researchers (4). Continue reading »
“Crony capitalism has defined Clinton’s career, from her tenure on the board of Walmart, to the Wall Street execs whom she surrounded herself with at the State Department, to her allegiance to Cisco, even as it violated principles on which she staked her tenure,”
If you’re inclined to agree with the notion that trends in cash-based businesses are a good leading indicator when it comes to assessing where consumer spending (and thus the US economy) is headed going forward, you should expect the string of retail sales misses to continue because as Andrew Zatlin notes, spending on hookers, booze, and gambling is now sliding, forcing some escorts to take their show on the road.
Late last week, when we covered the various signs that “something big” may be coming, we discussed the one “exercise that people have really been buzzing about” – operation “Jade Helm”, an “unconventional warfare exercise” during which the states Texas and Utah will be designated as hostile territory.
As previously profiled, “Jade Helm is a challenging eight-week joint military and Interagency (IA) Unconventional Warfare (UW) exercise conducted throughout Texas, New Mexico, Arizona, California, Nevada, Utah and Colorado,” according to an unclassified military document announcing the training drill, which runs from July 15 through September 15.
Multiple branches of the US military, including Green Berets, Navy Seals, and the 82nd Airborne Division, will participate in the 8-week long exercise, which may result in “increased aircraft in the area at night.” Continue reading »