Oct 24

Debt-Chain-Slavery

- It Will Take 398,879,561 Years To Pay Off The US Government’s Debt (Sovereign Man, Oct 22, 2014):

The US government’s debt is getting close to reaching another round number—$18 trillion. It currently stands at more than $17.9 trillion.

But what does that really mean? It’s such an abstract number that it’s hard to imagine it. Can you genuinely understand it beyond just being a ridiculously large number?

Just like humans find it really hard to comprehend the vastness of the universe. We know it’s huge, but what does that mean? It’s so many times greater than anything we know or have experienced. Continue reading »

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Oct 24

- Stinking rich: Kazakhstan to offer tourists luxury caviar baths (RT, Oct 23, 2014):

The plan is to make Kenderli the “best” resort on the Caspian and “a perfect destination for domestic and international tourists, generating wealth for the region and wellbeing for our people.”

Former Soviet states, particularly Russia, as well as Turkey and the Middle East, are all viewed as potential sources of big tourist bucks. Continue reading »

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Oct 24

- Migrant workers in UAE abused, exploited under ‘kafala’ system – HRW (RT, Oct 23, 2014):

Domestic workers across the UAE have been subjected to horrendous physical, verbal and sexual abuse or passport confiscation in the abuse of the kafala, or sponsorship, system according to a new report by Humans Right Watch.

HRW estimates that some 146,000 domestic female workers have arrived to the UAE from countries such as the Philippines, Indonesia, India or Bangladesh. They come on promises of good working conditions, higher wages, and a chance to escape the poverty of their home countries.

However, the NGO heard complaints that workers are forced to labor excessive hours, or are even being subjected to physical violence or sexual abuse – while they cannot leave as employers confiscate their passports. Continue reading »

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Oct 24

- Relics for rifles: Syrian rebels trade antique treasures for weapons (VIDEO) (RT, Oct 23, 2014):

Not only is Syria’s future at stake as the civil war rages on, but now also its past. The black market flourishing in the conflict now sees relics – some as ancient as 1,200 years – traded by rebels for AK-47s.

Free Syrian Army (FSA) soldier Abu Mustafa, as he called himself, illegally crossed the Lebanese border with relics he looted on the outskirts of Damascus, following fighting there. The rebels usually come at night, when it’s harder to catch them. Trading is done quickly and quietly. Continue reading »

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Oct 24

- Meanwhile, This Is Who Is Quietly Buying All The Cheap Oil (ZeroHedge, Oct 22, 2014):

With the US Shale Oil industry up in arms, Venezuela screaming, and Russia awkwardly quiet (as the Ruble slides with the falling oil price stabilizing domestic inflows), the ‘secret’ Saudi-US oil deal that pressured prices for crude down to $80 (18-month lows today) has ‘hurt’ a lot of the world’s producer nations. However, as Bloomberg reports, there is one nation that is very grateful. The number of supertankers sailing toward China’s ports surged to a nine-month high as over 80 very large crude carriers (VLCCs) – the industry’s biggest ships – sail toward the Asian country’s ports. At an average of 2 million barrels each, the 160 million barrels will help refill China’s 727 million barrel SPR which it started in 2012.

There are 89 tankers sailing for Chinese ports, 80 of which are VLCCs – the highest since January 3rd.

20141022_China

As Bloomberg reports, Continue reading »

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Oct 24

- It’s Not Just Spying – How the NSA Has Turned Into a Giant Profit Center for Corrupt Insiders (Liberty Blitzkrieg, Oct 20, 2014):

Dear NSA Employees, You Now Have a Green Light to Loot and Pillage. It’s Time to Get Paid:

Are you just another one of those frustrated NSA employees who feels that unconstitutionally spying on your fellow citizenry under false pretenses isn’t giving you same thrill it once did? If so, have no fear.

Are you are sick and tired of having to spilt your precious working hours defending the destruction of our nation’s founding document to those pesky terroristic media dinosaurs who still think investigative journalism belongs in Amerika? If so, have I got a solution for you. 

While it may sound too good to be true, trust me it’s not. You see, in recent years almost all crony-capitalist criminal activities have been deemed legal in the land of the free (to pillage). This incredible opportunity allows you to directly leverage your intelligence skill-set to earn the big bucks you know you’ve always deserved. You can now do just that by working in the private sector without having to give up that cushy government day job! I mean if we’re going to have this banana republic thing going we may as well GET PAID. Am I right?

Keep at it patriots,
Michael Krieger

If the above sounds like a joke, unfortunately it is not. Last week, two very important stories came out; one from Reuters and the other from Buzzfeed. They both zero in on how current NSA employees are using their expertise and connections to make big money in the private sector while still working at the NSA. Let’s start with the Reuters story, which covers former NSA-head Keith Alexander’s business relationship with the NSA’s current Chief Technical Officer, Patrick Dowd. Continue reading »

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Oct 24

Federal-Reserve-Bernanke1

- How The Federal Reserve Is Purposely Attacking Savers (Peak Prosperity, Oct 20, 2014):

But bungling badly as it does

There’s something we ‘regular’ citizens wrestle with that the elites never seem to: a sense of moral duty.

For example, following the collapse of the housing bubble, many people struggled with mortgages they could no longer afford to pay, fearing the shame of default. Many believed defaulting was wrong somehow; that it was their moral obligation to pay their mortgages, no matter how dire their personal situation. And of course, the mortgages lenders did their utmost to reinforce this perception. Continue reading »

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Oct 24

- Pentagon admits weapons-drop fail as anti-ISIS operation hits $424mn (RT, Oct 23, 2014):

The Pentagon has admitted that a chunk of its cache of weapons meant for Kurdish forces battling Islamic State militants in Kobani has fallen into terrorist hands. The Turkish president has been voicing his frustration with Washington over this.

On Wednesday, the US defense body went against earlier government claims that American weapons always reach its intended destinations and had to concede that two bundles out of a total of 28 intended for the Kurds have indeed ended up with the terrorists.

The militants’ advances on the Syrian-Turkish border are what spurred Washington into action in the first place.

This comes as the Islamic State (IS, formerly ISIS/ISIL) posted a video showing off brand-new American hardware in boxes with English writing and a parachute splayed out just beside the windfall.

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Oct 24

- Heavy early snowfall in North America and Siberia may portend brutal winter for U.S. and Europe (Ice Age Now, Oct 23, 2014):

Five times the normal amount of snow.

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Oct 24

- Central Banker Admits Central Bank Policy Leads To Wealth Inequality (ZeroHedge, Oct 22, 2014):

Six years after QE started, and just about the time when we for the first time said that the primary consequence of QE would be unprecedented wealth and class inequality (in addition to fiat collapse, even if that particular bridge has not yet been crossed), even the central banks themselves – the very institutions that unleashed QE – are now admitting that the record wealth disparity in the world – surpassing that of the Great Depression and even pre-French revolution France - is caused by “monetary policy”, i.e., QE.

Case in point, during the Keynote speech by Yves Mersch, ECB executive board member, in Zurich on 17 October 2014 titled “Monetary policy and economic inequality” he said: Continue reading »

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Oct 24

- Canada threatens duties on dozens of iconic US products (RT, Oct 22, 2014):

Canada says it may impose import duties on US-produced goods ranging from California wine to ketchup after a WTO ruling that US labeling did not meet international standards.

Canada has published a list of 38 American products that can potentially become subject to additional retaliatory tariffs. The list includes cattle and hogs, as well as a number of symbolic products such as California wine, Vermont maple syrup, Florida orange juice, ketchup and breakfast cereal. Continue reading »

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Oct 24

- Saudi Arabia Surprises Market With Supply Cut Announcement, Oil Jumps (ZeroHedge, Oct 22, 2014):

Saudi Arabia, it appears, had enough of shooting itself in the foot for its American ‘partners’, and has admitted for the first time that it slashed supply in September. As Bloomberg reports, OPEC’s biggest producer cut supply to mkt by 328k b/d in September to 9.36m b/d, from 9.688m b/d in August, according to a person with knowledge of Saudi Arabia’s oil policy. Prices in September were flat admit this supply cut which suggests along with the build in EIA inventories seen yesterday that Saudi Arabia may have also been forced by global demand weakness to cut supply through October also.

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Oct 24

- Meet Janet Dupree:72, Alcoholic, HIV-Positive, $16,000 In Student Debt: “I Won’t Live Long Enough To Pay It Off” (ZeroHedge, Oct 23, 2014):

One would think that Janet Lee Dupree, 72, a self-professed HIV-infected alcoholic, would be slowly putting aside material worries as she prepares to set the intangibles in her life in order for one last time. One would be wrong.As she admits, “I am an alcoholic and I have HIV,” she tells the BBC. “That’s under control.” What is the cause of most if not all consternation in the final days of Dupree’s life? “I was sick and I didn’t worry about paying back the debt.” As a result, Dupree defaulted on her loan, and since she turned 65 she has had money withheld from her Social Security benefits. “Just recently I received a notification that they are going to garnish my wages because I am still working,” says Dupree, who works 30 hours a week as a substance abuse counsellor. The debt in question: Dupree owes $16,000 in student loans she acquired in 1971 and 1972.

“I will never live long enough to pay off my loan.”

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Oct 24

- ‘They said I have Ebola’: Angry bus passengers attack Guinean woman in Rome (RT, Oct 23, 2014):

A Guinean woman has been attacked in a bus in Rome by angry passengers who told her she was infected by Ebola and had to get off the bus, Italian media reports. She was taken to hospital suffering from multiple bruises.

Fataomata Sompare, 26, was about to get off the bus on Monday, said Il Messaggero, an Italian newspaper, as cited by the Local.

A teenage girl who was on the bus with her friends saw Sompare and began accusing her of having the deadly virus. Then some of the teen’s relatives started beating the woman. Continue reading »

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Oct 23


Oct 20, 2014

Ron Klain on the “top leadership issue in the world today.”

Flashback:

- Obama’s Science Czar John Holdren says: Forced abortions and mass sterilization needed to save the planet

- Obama’s Science Adviser John Holdren Says CHEMTRAILS (= ‘Death Dumps’) Will Save The Planet!

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Oct 23

stephen-harper

- Canada, At War For 13 Years, Shocked That ‘A Terrorist’ Attacked Its Soldiers (The Intercept, Oct 22, 2014):

(updated below – Update II)

TORONTO – In Quebec on Monday, two Canadian soldiers were hit by a car driven by Martin Couture-Rouleau, a 25-year-old Canadian who, as The Globe and Mail reported, “converted to Islam recently and called himself Ahmad Rouleau.” One of the soldiers died, as did Couture-Rouleau when he was shot by police upon apprehension after allegedly brandishing a large knife. Police speculated that the incident was deliberate, alleging the driver waited for two hours before hitting the soldiers, one of whom was wearing a uniform. The incident took place in the parking lot of a shopping mall 30 miles southeast of Montreal, “a few kilometres from the Collège militaire royal de Saint-Jean, the military academy operated by the Department of National Defence.” Continue reading »

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Oct 23

Putin-Gold

India Gold Demand Surges 450% and Bank of Russia Demand At 15 Year High (Goldcore, Oct 22, 2014):

Demand for gold continues to be robust and has indeed increased significantly in recent weeks despite gold’s most recent paper driven gold weakness.

Demand in China and India surged again and gold reserve diversification by the central bank of Russia hit a new record high in September as geopolitical tensions rose.

russia-central-bank-gold-reserves

The seemingly insatiable appetite of the growing Indian middle class for gold is causing the government in India to again consider imposing sanctions on the importing of gold.  Continue reading »

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Oct 23

- ISIS Claims It Hit US Embassy In Baghdad’s Green Zone (ZeroHedge, Oct 22, 2014):

“They know Baghdad. They’ve lived in Baghdad,” said Lt.Col Oliver North, warning over the weekend that sources in Iraq believed ISIS was planning a “major attack” against the embassy in Baghdad. Yesterday we get some confirmation – via ISIS – that they did in fact reportedly strike the U.S. embassy in Baghdad. As Inquisitr reports, on Tuesday the Islamist militant group took credit for a mortar attack against the embassy in Baghdad. The group bragged about the attack on social media, claiming that there were likely casualties – “Four rockets strike Green Zone in #Baghdad; helicopters hovering over the Green Zone; ambulances heading that way after strikes!!” one ISIS militant noted on Twitter. As North concludes, “They are at the gates of Baghdad. They’re coming for us.”

Clips posted by ISIS of the mortar attack…

ISIS militant Social media claiming the hits… (via ISIS Tracker) Continue reading »

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Oct 23

Flashback:

- JPMorgan Employee Who Invented Credit Default Swaps is One of the Key Architects of Carbon Derivatives, Which Would Be at the Very CENTER of Cap and Trade


- Where is the carbon offset money going?” – Short video (Ice Age Now, Oct 22, 2014):

“We have been robbed. Or future generations have been destroyed.”

“The Carbon Rush is an epic documentary,” says reader Norm Smith. “It exposes carbon credit schemes and carbon-offset programs as nothing less than crimes against humanity.”

“This 2 minute youtube trailer gives a small sample of the atrocities and the horrors. It freaked me out. Please take a peek.”

Thanks to Norm Smith for this video

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Oct 23

- George Carlin: The American Dream (Video):

“…they want your fucking retirement money.

They want it back, so they can give it to their criminal friends on Wall Street.

And you know something? They’ll get it. They’ll get it all from you, sooner or later, because they own this fucking place.”


A short excerpt from the video “Life Is Worth Losing” (2005).

Related info:

- Public Pension Funds Face $2 Trillion Shortfall, Moodys Warns

- This Pension Fund Is Daytrading Your Retirement Funds, With Up To 500% Leverage

- We’re Relying on Phantom Wealth to Fund Our Retirement

- Leaked Documents Show How Blackstone Fleeces Taxpayers Via Public Pension Funds


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- Another Pension Scandal – The Crony Love Affair Between North Carolina, Credit Suisse and Erskine Bowles (Liberty Blitzkrieg, Oct 22, 2014):

In North Carolina, managing the retirement savings of teachers, police officers, firefighters and other public employees is big business. As the sole fiduciary of the state’s $90 billion pension fund, Treasurer Cowell, a Democrat, was recently named the world’s 18th most important institutional investor by the Sovereign Wealth Fund Institute. The State Employees Association of North Carolina (Seanc) estimates that North Carolina is on track to spend a billion dollars a year of retirees’ pension money on fees to private financial firms. Roughly half of all North Carolina pension deals involve placement agents, and Seanc estimates that has generated roughly $180 million in placement agent fees — costs that are effectively paid by the pension fund, according to critics.

Credit Suisse’s own internal regulations say the company aims to “establish a management organization that avoids the creation or appearance of conflicts of interests.” But the North Carolina agreement (the provisions of which were secret until Seanc’s open records request earlier this year) explicitly allows Credit Suisse to engage in “actual and potential conflicts of interest.” The agreement noted Credit Suisse could receive “placement fees” from the firms in which it invests North Carolina pension money.
– From David Sirota’s excellent piece in Investors Business DailyPension Deal Spotlights ‘Placement Agent’ Business, Raises Conflict-Of-Interest Questions

When it comes to how the U.S. economy of fraud functions in 2014, the following article has it all. A government official, a global investment bank and a businessman/politician, all working together to enrich themselves at the public’s expense. It demonstrates how big bucks are really earned by insiders in the new American Dream, characterized by extreme cronyism and corruption. Continue reading »

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Oct 23

- White House: Order For Surge of Immigration ID’s For ‘Ongoing Operations’ (Breitbart, Oct 22, 2014):

Grilled by reporters, White House Press Secretary Josh Earnest addressed an order for a “surge” of immigration IDs of up to 9 million in one year, but said the move is no confirmation President Obama will issue a major executive amnesty after the election.

“I think those who are trying to read into those specific orders about what the president may decide are a little too cleverly trying to divine what the president’s ultimate conclusion might be,” he said.As reported by Breitbart News, USCIS is soliciting the materials to required to print green cards and employment permits of the type used to implement Obama’s “Deferred Action for Childhood Arrivals” program. The draft solicitation says that in addition to a minimum order necessary to print 4 million such IDs per year, vendors must have the capacity to produce materials for a “surge” of 9 million IDs in 2016. Continue reading »

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Oct 23

- Doctor Assaulted by Police at Dying Son’s Birthday, Tasered so Many Times He Had a Heart Attack (The Free Thought Project, Oct 22, 2014):

An Ohio medical doctor was assaulted and arrested at his own home on charges that would eventually be found to be false.

Montgomery, OH — Dr. Randal Cox was hosting his terminally ill son’s 18th birthday when six police officers from two different precincts showed up to his door.

When Dr. Cox opened the door he was attacked by the officers. The incident was captured on cellphone video from one of the guests at the party. Continue reading »

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Oct 23

- Heavy AUTUMN snow blankets Mohe City – Short video (Ice Age Now, Oct 22, 2014):

Sure looks like winter to me.

The heaviest autumn snow in three years blanketed Mohe City, in northeast China’s Heilongjiang Province, affecting local residents’ daily lives and traffic flow.

http://www.euronews.com/nocomment/2014/10/21/heavy-autumn-snow-blankets-mohe-city-china/

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Oct 23

evil-twitter-bird-with-horns

- Saudi Cleric Blasts Twitter As “Source Of All Evil” As Riyal Slides To Lowest Since 2008 (ZeroHedge, Oct 22, 2014):

The last 2 days have seen enormous volatility in the Saudi Riyal exchange rate, purportedly oil-related FX hedging programs as the SAR dropped to its lowest sicne Dec 2008, but the most extreme ‘moves’ were left to The Kingdon’s top Muslim cleric. As The BBC reports, Sheikh Abdul Aziz al-Sheikh, the Grand Mufti of Saudi Arabia, exclaimed that Twitter is “the source of all evil and devastation”. As the 12th most influential Muslim in the world, it perhaps matters that he says users were using Twitter to “promote lies, backbite and gossip and to slander Islam,” but citizens of Saudi Arabia, who are some of the heaviest users of Twitter, did not appreciate his remarks, summe dup by one tweet, “People need an outlet to express themselves, to start to disclose what’s hidden and drop the masks, without fear or commands, or censorship from anyone.”

Handsome chap…

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As The BBC reports,

according to Saudi Arabia’s top Muslim cleric, Twitter is “the source of all evil and devastation”. Continue reading »

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Oct 23

K2

- Glaciers on K-2, the 2nd highest peak on Earth,  are growing (Ice Age Now, Oct 21, 2014):

Scientists struggle to explain it (Look out! Here comes the spin!)


In the mountainous Karakoram region of Asia the glaciers aren’t melting. If anything, some are expanding, says this article on LiveScience.

“It’s been a source of controversy that these glaciers haven’t been changing while other glaciers in the world have,” said study researcher Sarah Kapnick, a postdoctoral researcher in atmospheric and ocean sciences at Princeton University. Continue reading »

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Oct 23

- Man Brutalized & Stopped Over 20 Times in 5 Weeks by Cops Mistaking Him for Murderer (The Free Thought Project, Oct 22, 2014):

Having a doppelganger can be risky business in a police state, just ask James Tully of Canadensis, Pennsylvania.

Tully has been harassed by police so many times since September that he has lost count of the incidents, and landed in the hospital.

Eric Frein, who was also living in Canadensis, is wanted for killing Corporal Bryon K. Dickson II and injuring trooper Alex Douglass in a sniper assault during shift change at a Pike County, Pennsylvania, police barracks on September 12.

frein-look-a-like2 Continue reading »

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Oct 23

- Peak Ponzi: Only 13% Of Loans In Bulgaria’s Fourth Largest Bank Had Valid Collateral (ZeroHedge, Oct 22, 2014):

One can debate whether, by virtue of fractional reserve banking, every bank in the world is just a ponzi scheme, and where the stability of the system depends entirely on the level of counterparty faith and general confidence in the system, in other words, a grand con game in which the central bank is tasked with making sure the con works as planned when confidnce gets “a little low.”

One can not debate, however, that a bank had become anything but a pure Ponzi scheme – in this case, a piggybank whose funds were embezzled by its owner as described previously in “Fourth Largest Bulgarian Bank Seized After Bank Run: “Let’s Not Tear Down Our House” Central Banker Begs” – when a token review, only upon its faillure, reveals that 87% of its loans were invalid!

From Bloomberg:

  • BULGARIA CENTRAL BANK CORPBANK PRE-JUNE REPORTS ‘MISLEADING’
  • BULGARIA CENTRAL BANK SAYS CORPBANK ASSETS ARE 6.7B LEV
  • BULGARIA CENTRAL BANK SAYS CORPBANK AUDIT SHOWED ONLY 13 PERCENT OF LOANS HAD VALID COLLATERAL

And more: Continue reading »

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Oct 23

- SWAT Officers Wrongfully Detain This Man For Filming in Public, Then it Gets Really Infuratiating (The Free Thought Project, Oct 21, 2014):

“When you’re out here filming the police for no reason you have to give us your ID.”

Tracy, CA — A video was uploaded to YouTube Tuesday which shows an infuriating interaction between a man practicing his first amendment right to film in public and arrogant SWAT officers. Continue reading »

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Oct 23

- Latest spin from Australia – Record ice in Antarctica caused by global warming (Ice Age Now, Oct 22, 2014):

Headlined ” Ice could cause grief for Antarctic vessels,” this story tries to blame global warming for the record sea-ice around Antarctica.  

“As the icebreaker Aurora Australis sets off from Hobart on its maiden mission for the summer season, the bright orange vessel has been stocked with extra supplies in case of hold-ups.

“For the first time since satellite records began in 1979 Antarctic sea ice has passed the 20 million square kilometre mark, voyage manager Robb Clifton says. Continue reading »

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Oct 23

- Saxobank CIO Warns “Another Shock Drop Is Coming.. And It’s Coming Soon” (ZeroHedge, Oct 22, 2014):

Saxo Bank’s Chief Economist Steen Jakobsen is predicting another ‘shock drop’ in the markets within a few weeks. With debt and low inflation continuing to create a nervous atmosphere behind most markets, Steen argues that we will hit fresh lows in mid-November. Steen takes the view that central bank policy is creating a ‘fantasy land’ for investors and he points out that the recent ‘day dive’ in markets was a closer reflection of reality. Steen outlines his suggestions for trading ahead of another dip in mid November with targets for the S&P 500 around 1810 and the Dax at 8000 – 7800. Be long fixed income as it is “a free put on the equity market.. and the economic cycle is not yet ready to adapt to a rising interest rate.”

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