Despite stagnant wages, surging jobless claims, and global geopolitical anxiety, US consumers have not been this exuberant since August 2007… a month before the great quant fund blow-up and the top of US equities… But it’s different this time, we’re got money-printing and low oil prices… right? Texas confidence plunged from 119.4 to 111.9 (led by a huige crash in expectations from 95.8 to 83.5). Finally, expectations for higher incomes in the next 6 months surged higher – almost at record levels of hope – despite the slump in hourly average earnings.Continue reading »
Overnight, there was much commotion in the precious metal space when, out of the blue, the IMF reported that months after announcing it had unexpectedly repatriated over 120 tons of gold from the NY Fed, the Netherlands had also purchased some 10 tons of gold in the open market, taking its total to 622 metric tons, the highest since 2007, a period in which it had been unchanged for 8 years.
This was promptly reported by both Reuters:
Netherlands added to its gold reserves for the first time in 16 years. It bought nearly 10 tonnes in Dec to bring total to 622 tonnes
The Netherlands added to its gold reserves for the first time since 1998 as the ninth-biggest holder boosted assets to the highest in seven years, while Russia bought for a ninth month, International Monetary Fund data show.
Bullion reserves in the Netherlands climbed to 20 million ounces or 622 metric tons in December, the highest since 2007, after being unchanged at 19.7 million ounces from December 2008 through November, the IMF’s website showed. Russia, with the fifth-biggest hoard, held 38.8 million ounces last month, the most in at least two decades, the data show. Continue reading »
NHK, Jan 21, 2015 (emphasis added): Regulators approve Fukushima wastewater drainage — Japan’s nuclear regulator has approved a plan by [TEPCO] to drain filtered wastewater from the firm’s crippled Fukushima Daiichi plant into the sea… The firm also plans to reduce the level of radioactive material in the water before releasing it into the nearby Pacific. On Wednesday, the Nuclear Regulation Authority approved TEPCO’s plan to install drainpipes and a pumping system and to reduce the level of radioactive cesium-137 to less than one becquerel per liter. Continue reading »
Asahi Shimbun, Jan 24, 2015 (emphasis added): Obesity a growing problem among children in Fukushima… An education ministry survey released Jan. 23… found that 15.07 percent of 9-year-olds in Fukushima Prefecture were 20 percent or more heavier than normal. The figure was much higher than the national average of 8.14 percent, and the highest among all 47 prefectures. [It] was also the highest among all prefectures for 7-year-olds, 11-year-olds and 13-year-olds… According to the ministry, obese children are most commonly found in the Tohoku region… the trend has been especially acute in Fukushima Prefecture since the 2011 onset of the nuclear crisis…. The ministry said this appeared to be because children in Fukushima Prefecture are restricted from playing outdoors due to radiation fears… Continue reading »
Following November’s across the board ugliness in Durable Goods data, the hockey-stick extrapolators all positioned for the bounce back… Only 1 of 57 economists expected a negative print! But the actual data was a total disaster. Against expectations of a 0.3% rise (following last month’s 0.7% drop), December printed down 3.4% and November was revised drasticaly lower to down 2.1%. This is the lowest durable goods ex-transports since March.
JERUSALEM (Reuters) – Israel’s top military electronic surveillance unit expelled dozens of veterans on Monday for refusing to spy on Palestinians living under occupation, Army Radio said.
The commander of Unit 8200, named as Brigadier-General “A”, barred the 43 reserve soldiers who wrote to Prime Minister Benjamin Netanyahu and top army chiefs in September, saying they could no longer serve in the unit, the radio said. Continue reading »
The more detached from reality American culture becomes the more strictly ceremonial leadership gets, as illustrated by the raft of bromides Barack Obama floated past the assembled vassalage of government last week in another grand effort to avoid the necessities of the moment.
Those necessities include freeing a hostage public from the tyrannical clutches of corporate despotism — the evil empire of big boxes, big burgers, big pharma, Big Brother — and the atrocious rackets fostered by them that masquerade as an economy. The template of the life we have known is broken and the pieces within are flying apart, and no amount of wishing or promising can keep them going. If this society is even going to survive, the people have to smash their way out of this template prison, probably against the efforts of the people and organizations now running it merely for their own benefit.
The future is telling us very clearly: get smaller, get finer, get more local, get less complex, get less grandiose, do it now.Continue reading »
The middle class has shrunk consistently over the past half-century. Until 2000, the reason was primarily because more Americans moved up the income ladder. But since then, the reason has shifted: There is a greater share of households on the lower rungs of the economic ladder.
At a packed session in Davos, former hedge fund director Robert Johnson revealed that worried hedge fund managers were already planning their escapes. “I know hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway,” he said.
So the other day, President Barack Obama once again demonstrated his contempt for the American public by using his State of the Union address to pejoratively blurt out meaningless phrases such as “but tonight, we turn the page” and: “The verdict is clear. Middle-class economics works. Expanding opportunity works. And these policies will continue to work, as long as politics don’t get in the way.”
Sorry, but why are “we turning the page” tonight? Weren’t you elected over six years ago? Why didn’t you turn the page in 2009? Continue reading »
Three weeks ago, when reporting on Obama’s close personal friend and Bank of Hawaii “community banker” appointee to the Fed board, Allan Landon, we emphasized an apparently trivial data point that had somehow managed to slip through the background due diligence process. Namely, that about a decade ago, the same Landon stepped down as board member from the Seattle Federal Home Loan Bank after he was found to have “failed to comply with a rule requiring the disclosure of conflicts of interest by a director by failing to make disclosure to the Seattle Bank board of their institutions’ planned redemptions.” The full story can be read here, but in a nutshell a banker that the president himself has appointed to join the US money printing authority was on the cusp of being investigated for embezzlement, and was forced to quietly disappear into the night despite denying “any wrongdoing.” Today we learn just how much assets the banker who at least once was caught with “borderlineembezzlement ” made during his humble tenure as a “community banker.” The number: somewhere between $10 and $40 million.
#2) Markets reacted positively to last Thursday’s announcement because Draghi doubled the amount of QE that he leaked to the press on Wednesday. Financial media pegged QE at 600 billion euros on Wednesday and 1.2 trillion euros on Thursday. Once again, Draghi played the Narrative game like a maestro. Continue reading »
Over two years ago, we first highlighted Yanis Varoufakis’ perspectives on the destruction of Greece and Europe’s bogus growth pacts. Since then he has grown in both reason and popularity as his no-nonsense discussons of the mis-design of the euro (and potential solutions) have made him the front-runner to be Syriza’s new finance minister. Never one to mince words or play politics, Varoufakis tells Channel 4’s Paul Mason in this brief (but chilling for Brussels) interview, what his party would do if it gets into government in Greece, and admits the prospect of power in Europe is “scary”. As he sums up, “we are going to destroy the Greek oligarchy system,” and with it, we suspect, much of the narrative that holds the fragile European Union together…
As Varoufakis previously explained,
The Troika is trying to suffocate us and to put pressure on the democratic choice by telling us: either you follow our requirements, or you will be cast into hell. Continue reading »
The entire climate science community pretend to be scratching their heads over the ever more erratic jet stream patterns. The “experts” continue to come up with various explanations as to why the jet stream is behaving the way it is, but all of these explanations are willfully blind to the geoengineering elephant in the room. Ionosphere heater installations located around the globe are a major component of the ongoing climate engineering. These extremely powerful and dangerous facilities are being used to manipulate the jet stream. The climate science community as a whole is turning two blind eyes to the ongoing geoengineering insanity while Earth’s climate and life support systems are being systematically torn apart. If the current trajectory of planetary destruction continues for much longer, we will have nothing left to salvage of our planet. We must ALL hold the “experts” to account. Email them, their associates, local media, groups, agencies, etc, and share these email contacts with others so that they can do the same. It’s up to all of us to take every step possible in the critical effort to raise awareness with the still uninformed public and to give notice to those that are lying for the establishment that we know they are lying. The article below sheds more light on the increasingly destructive weather on our planet, even though the researcher/author of this piece will not mention the climate engineering issue. I have passed substantial amounts of geoengineering data on to the author (Robert Scribbler) and had nothing but silence as a response. Scribbler, just like the climate science community, knows that mentioning anything about the geoengineering issue is a very bad career decision, or worse. This being said, the article does accurately outline the rapidly increasing destruction from ever worsening weather. The entire climate system is unravelling, climate engineering is a major factor in this equation.
Their unchecked influence and lack of transparency defies belief
As you know by now, Prince Andrew has been accused by a woman known as Jane Doe 3 of being “forced” by Jeremy Epstein to have sex with him when she was a teenager.
He was named in court documents in the US, although not as a party, and the tabloids have been full of further salacious claims. Buckingham Palace forcefully denies these allegations. Continue reading »
Over the weekend, in a repeat of rumors that were widespread last year, Forbes ‘reported’ about Project Chrome, a massive corporate reorganization for IBM that would see Big Blue cull over a quarter of its staff – in real terms that means over 110,000 employees, as early as next week. IBM stocks surged higher on this ‘great’ news… and then, disappointment started as “the largest corporate restructuring in history” was denied by the company…
Chairman of the Joint Chiefs, General Martin Dempsey has, according to Politico, asked The National Defense University to establish an essay and research competition focused on the Middle East in honor of Saudi Arabia’s late King Abdullah. How very generous for America’s top uniformed military leader to recognize such a leader of another nation… Though no details of the prize are available, we thought we would take a stab (figuratively) at an essay...
The National Defense University plans to establish an essay and research competition focused on the Middle East in honor of Saudi Arabia’s late King Abdullah — a memorial directed by America’s top uniformed military leader. Continue reading »
Well that didn’t take long. Russian Finance Minister Siluanov has responded to S&P’s “junk” downgrade of The Russian Federation:
*SILUANOV: S&P DOWNGRADE OF RUSSIA SHOWS ‘EXCESSIVE PESSIMISM’
*SILUANOV: NO REASON TO EXPECT `MASS’ DEBT REDEMPTION REQUESTS
Adding in his statement that he “sees no reason to dramatize” the situation, Siluanov adds that the cut should not have any serious effect on Russia’s capital markets. We assume by “dramatize,” he means – they wil not be ‘visiting’ the local ratings agencies offices for a chat anytime soon.
China has some stunningly beautiful natural landscapes, but, as boredpanda.com explains, they may not count for much when, in other parts of the country, pollution runs totally unchecked. China is very close in size to the USA. Yet, as The Burning Platform notes, their population is the size of the entire Western Hemisphere, plus Japan, Germany, and France. The land can not support this mass of humanity without very dire consequences, and these shocking photos show what severe pollution people have to deal with in some parts of China…
Gray State: The Rise (Rough Cut) Directed by David Crowley
I have chosen to release this RAW UNCUT version of Gray State: The Rise to insure versions of this movie reach the public, although this version is from nearly a year ago, you can get an idea, of the direction of the documentary. Any Questions?
(This was the documentary David Crowley was working on when he supposedly killed his wife, 5 year old child and himself. Friends, family and co-workers have said they do not believe it. That he was a great person, with a promising career and an extremely happy homelife. They believe he was murdered.)