– Kiss Your Pension Fund Goodbye (Armstrong Economics, May 25, 2015):
I have been warning for some time that government was eyeing up pensions.The amount in private pension funds is about $19.4 trillion. The question that has been debated in secret behind the curtain is how to justify to the people taking that over. I have been warning that if this is seized by government, it will come after 2015.75. Just how that is to be accomplished was finally settled by the Supreme Court without any justification constitutionally.
The US Supreme Court ruled last week in the unanimous, 8-page decision in Tibble v. Edison holding that employers have a duty to protect workers in their 401(k) plans from mutual funds that are too expensive or perform poorly. That is simply astonishing since there is no constitutional requirement for even government to provide social benefits. The Supreme court held in HARRIS v. McRAE, 448 U.S. 297 (1980) it was explained that the constitution is negative not positive. There is no duty imposed upon the state to provide a program for that would convert the constitution from a negative restrain upon government to a positive obligation to provide for everyone. Continue reading »
Tags: Global News, Government, Martin Armstrong, Pension, Politics, Retirement, Society, U.S.
– Record Rainfall in Texas, Oklahoma, Arkansas, Nebraska (Ice Age Now, May 27, 2015):
Several cities have already seen one of their wettest MONTHS on record. And the month isn’t over. And there’s more rain in the forecast
Fort Smith, Arkansas – With 18.33 inches of rain through 2:00 a.m. Tuesday, Fort Smith broke the previous record of 15.02 inches in June 1945, making it the wettest month on record
Oklahoma City – On Saturday, the city broke its June 1989 record of 14.66 inches to become the wettest month in Oklahoma City history. Continue reading »
Tags: Arkansas, Environment, Global News, Meteorology, Nebraska, Oklahoma, Texas
– With Greece “Nowhere Close” To Deal, Depositors Pull €300 Million From Banks In Single Day (ZeroHedge, May 27, 2015):
Greece is “nowhere close” to a deal with its creditors and will miss a May deadline to strike a compromise ahead of an IMF payment due on June 5. Meanwhile, the ECB tightens the screws on the country’s banking sector by refusing to lift the ceiling on the emergency liquidity that until now has helped to offset deposit flight.
Tags: Banking, Economy, EU, Europe, Global News, Greece, Politics
– Humiliated McDonalds To Stop Reporting Monthly Sales (ZeroHedge, May 27, 2015):
What do you do when month after month you have nothing but bad data to report. Simple: you have two choice – you either seasonally adjust the data (or in the case of US GDP, double-seasonally adjust it), or if that is not possible since unlike US GDP, your numbers are at least somewhat indicative of underlying reality, you stop reporting them altogether.
Tags: Economy, Global News, McDonald's
– FIFA “Rampant” Corruption Exposed Following DOJ Indictment, 14 Arrested In Swiss Hotel – FBI/DoJ Press Conference Live Feed (ZeroHedge, May 27, 2015):
That FIFA has been a hotbed of corruption, shady backroom dealings and outright crime for years, has been known to anyone who has a passing interest in football. Which is why we were surprised to learn this morning that none other than the US Attorney General, seemingly content with all the wristslaps handed out to criminal US foreign banks (and subsequent SEC waivers) gave FIFA the red card in a charge detailing “rampant” corruption in international soccer hours after 14 officials were arrested on accusations of a 24-year scheme to enrich themselves through FIFA, whose office was searched in a series of dawn raids in Zurich.
Tags: Crime, FIFA, Global News, Soccer, Sports
– QE4 Arrives: Mystery Drone Rains Money On People In Michigan, Cash-Grabbing Frenzy Ensues (ZeroHedge, May 27, 2015):
We got a glimpse of just what Yellen has in mind for the next ‘monetary transmission mechanism’ yesterday, when a mystery drone appeared above the Rosa Parks Circle in Grand Rapids, Michigan and literally rained down money on the people below, leading to what the Mail describes as a “cash-grabbing frenzy.”
Tags: Global News
– EPA knew pesticides were killing honeybees in the 1970s but punished those who spoke out
– Suicide By Pesticide (Chris Martenson, May 22, 2015):
What the honey bee die-off means for humanity
As you are aware, honey bees have been suffering from something called Colony Collapse Disorder. In practice, what this means is that the bees simply vanish from their hives, leaving behind their most precious worldly possessions: honey and larvae.
What causes these mysterious vanishing acts has been something of a mystery. But because the phenomenon began really ramping up in 2006, we can focus in on some suspects. Continue reading »
Tags: Bees, CCD, colony collapse disorder, Neonicotinoids, Pesticides
That’s a lot of trees.
– Ecuador smashes reforestation world record (redOrbit, May 18, 2015):
When Ecuador’s President Rafael Correa made his latest weekly address, he had some big news for conservationists around the globe. The President said his country had just broken the world record for reforestation.
Thousands of people had joined in to plant 647,250 trees of more than 200 species. The seedlings were planted all over Ecuador, taking advantage of the country’s wide range of climatic and geographical regions. New trees were introduced everywhere, from the Pacific coast to the high Andes and low-lying tropical Amazon basin.
According a Tweet by Ecuador’s Environment Minister, Lorena Tapia, 44,883 people took part in the record-breaking dig-in which covered more than 4,942 acres.
Tags: Ecuador, Environment, Global News, Government, Politics, Trees
– Fukushima May Be At Risk Of Imminent “Hydrogen Explosion” (ZeroHedge, May 26, 2015):
Containers holding contaminated water at the crippled Fukushima nuclear power plant are at risk of hydrogen explosions, The Telegraph reports, with 10% of them found to be leaking. The discovery was reported to the Nuclear Regulation Authority (NRA), which raised concerns surrounding the potential hazards of accumulated hydrogen building up in the containers warning that “a spark caused by static electricity could cause a container to explode.” TEPCO officials reassuringly note that they “think the possibility of an occurrence of hydrogen explosion from these storage facilities is extremely low, since there is no fire origin, or anything that generates static electricity nearby,” but this is the same company that a recent IAEA report blasted for “failing to implement adequate safeguards at Fukushima – despite being aware of the tsunami risk.”
Leaking containers at Japan’s embattled Fukushima nuclear power plant are at risk of possible hydrogen explosions, experts have claimed. As The Telegraph reports,
Almost 10 per cent of recently inspected containers holding contaminated water at the nuclear plant in northeast Japan were found to be leaking radioactive water. Continue reading »
Tags: Environment, Fukushima, Global News, Government, Japan, Nuclear, Nuclear reactors, Politics, Radiation, TEPCO
– Russia won’t be taking Mistral warships from France – official (RT, May 26, 2015):
Russia won’t try and get its ill-fated Mistral helicopter carriers from France, a Russian official has announced. Moscow and Paris are set to discuss damages to be paid by France for welching on the deal.
“Russia won’t be taking them [the Mistral vessels]. That’s a fact. There’s just a single discussion underway at the moment – on the amount of money that should be returned to Russia,” Oleg Bochkarev, a deputy chairman of the Russian governmental Military-Industrial Commission, is cited as saying by RBC.
The negotiations have been “transferred into the commercial field” and “major efforts are being made today” for Russia to receive damages, Bochkarev told RIA Novosti.
France reportedly offered €748 million as compensation, but Russia turned down the proposal, calling it “laughable.” Continue reading »
Tags: EU, Europe, France, Global News, Government, Politics, Russia
– Breaking: The U.S. Capitol Was Just Evacuated, No Reasons Given (The Daily Sheeple, May 26, 2015):
Multiple mainstream media outlets are reporting breaking news that the U.S. Capitol was evacuated a little bit ago to the sound of sirens and air horns.
Via Washington Times:
Police are evacuating the U.S. Capitol on Tuesday afternoon, though no reason was given.
“Evacuate, evacuate, evacuate the U.S. Capitol building,” a loudspeaker blared. Continue reading »
Tags: Barack Obama, Global News, Government, Obama administration, Politics, U.S.
– Greece Was 20 Votes Away From Defaulting This Weekend (ZeroHedge, May 25, 2015):
Over the weekend, in a surprisingly close vote showing just how deeply the ruling Greek Syriza party has splintered, the hard line “Left Platform” a faction within Syriza, proposed that Greece stop paying its creditors if they continue with “blackmailing tactics” and instead seek “an alternative plan” for the debt-racked country. Its motion called for the government to default on the IMF loans rather than compromise to creditor demands, among which a change to value-added tax rates, further liberalization of the labor market and changes to the pension system, including further cuts to pensions and wages. According to the NYT, which reported the vote first, the proposal was narrowly rejected, with 95 people voting against and 75 in favor.
Tags: Debt, Economy, EU, Europe, Global News, Government, Greece, IMF, Syriza
– Inflation Watch: Prices To “The Happiest Place On Earth” Are Up 2900% Since 1971 (ZeroHedge, May 25, 2015):
Having previously shown that money can buy happiness, it appears, as Bloomberg reports, that the cost of buying that happiness is soaring. With well-managed government-provided statistics on inflation, why would one look elsewhere for clues as to the declining standards of living across much of America… but look we did and with wages stagnant, the 2900% surge in prices to Disneyland since 1971 makes ‘the happeist place on earth’ a place only the wealthy can afford to visit.
Tags: Disney World, Economy, Global News, Inflation
– Chinese Stocks Are Now Up Over 100% Year-To-Date (ZeroHedge, May 25, 2015):
Another day, another dip to be bought aggressively in China. The only catalyst for moar – aside from “well it was up yesterday” – is the news that the Shanghai-HK Stock Exchange aggregate quota will be abolished, leaving room for more speculative excess to flood into 500%-gainers. CSI-300 is now up almost 6% since Friday’s close and Shenzhen and CHINEXT are soaring back from underperformance yesterday. To round things out on a superlative note, the Shenzhen Composite – which contains all the ponzi-based self-collateralized idiot-makers, is now up over 100% year-to-date. Simply put, you can’t keep a bad market down…
Tags: China, Economy, Global News, Stock Market
– Secret Pentagon Report Reveals US “Created” ISIS As A “Tool” To Overthrow Syria’s President Assad
– Former CIA Agent: ‘Every Single Terrorist Incident We Have Had In The U.S. Has Been A False Flag’ (Video)
– ISIS Planning US Nuclear Attack In Next 12 Months: Report (ZeroHedge, May 26, 2015):
Three weeks after the first supposed attack by Islamic State supporters in the US, in which two ISIS “soldiers” wounded a security guard before they were killed in Garland, Texas, the time has come to raise the fear stakes.
In an article posted in the terrorist group’s English-language online magazine Dabiq (which as can be see below seems to have gotten its design cues straight from Madison Avenue and is just missing glossy pages filled with ‘scratch and sniff’ perfume ads ) ISIS claimed that it has enough money to buy a nuclear weapon from Pakistan and “carry out an attack inside the United States next year.”
In the article, the ISIS columnist said the weapon could be smuggled into the United States via its southern border with Mexico. Continue reading »
Tags: Global News, ISIL, ISIS, Politics, Terrorism, U.S.
– Silent Circle shifts to Switzerland to bypass US surveillance (RT, May 26, 2015):
As US mass surveillance continues to make headlines, one man has had enough. Philip Zimmermann, creator of one of the most widely-used encryption systems, has moved his company to Switzerland, claiming societies need to “roll back” surveillance tactics.
Expressing his concerns about mass surveillance, Zimmerman told the Guardian that “every dystopian society has excessive surveillance, but now we see even Western democracies like the US and England moving that way.”
Zimmerman is the inventor of the encryption program Pretty Good Privacy (PGP), as well as the co-founder of three-year-old encryption start-up Silent Circle. Continue reading »
Tags: Barack Obama, Global News, Government, Obama administration, Politics, Silent Circle, Society, Surveillance, Switzerland, U.S.
– Defense to offense: China unveils new military strategy to boost naval capability (RT, May 26, 2015):
China has unveiled a new defense strategy to boost its naval capability and said it will now shift from “territorial air defense” to both “defense and offense.” Beijing also slammed its neighbors for their “provocative actions” on its “reefs and islands.”
The white paper China’s military strategy was issued by the State Council on Tuesday, signaling ambitions for greater naval presence in the region where tensions are rising over disputed territories in the South China Sea. Continue reading »
Tags: China, Global News, Government, Military, Politics
– 6 Iranian food companies get access to Russian market (RT, May 26, 2015):
Russia has given the green light for six Iranian companies to export food to Russia, the country’s food inspector Rosselkhoznadzor has said. Additional conditions guaranteeing complete safety are yet to be signed.
“Two of the companies are poultry and meat producers and the other four are dairy products producers (including cheese). The companies will be allowed to start deliveries only after Iran’s Veterinary Service signs an additional number of protocols on safety conditions due to concerns about bird influenza, Newcastle disease and murrain in the country,” Rosselkhoznadzor said in a statement on Tuesday. Continue reading »
Tags: Food, Global News, Government, Iran, Politics, Russia