We continue to get more evidence that the U.S. economy has entered a major downturn. Just last week, I wrote about how U.S. GDP growth numbers have been declining for three quarters in a row, and previously I wrote about how corporate defaults have surged to their highest level since the last financial crisis. Well, now we are getting some very depressing numbers from the rail industry. As you will see below, U.S. rail traffic was down more than 11 percent from a year ago in April. That is an absolutely catastrophic number, and the U.S. rail industry is feeling an enormous amount of pain right now. This also tells us that “the real economy” is really slowing down, because less stuff is being shipped by rail all over the nation. Continue reading »
The fire burning in the middle of Canada’s oil sands, which as reported earlier has led to the evacuation of over 80,000 local residents, has resulted in is set to trim oil output by about 500kbp for about 10 days, has been described as “apocalyptic.” The following dash cam videos which have captured the reality for some 80,000 local residents demonstrate why.
Who could have seen this coming? Remember a week ago when TV entertainers crowed about the surge in The Baltic Dry Freight Index was a “clear signal” that ‘China is back’ baby and that escape velocity growth was just around the corner as global growth was destined to pick up…
The race for The White House appears to have taken a backseat for a news cycle as the Republican “veepstakes” gets underway. Donald Trump said this morning that he would prefer a running mate with government experience to “help with pushing legislation through,” adding that he puts a 40% chance that a former rival in the Republican race would get the nod. As The Hill reports, picking a VP could be a difficult undertaking, as some potential candidates might be hesitant to hitch their political future to a polarizing figure like Trump, but there will be plenty willing to roll the dice and join his historic outsider campaign.
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Russia has wasted no time in responding to NATO’s decision to deploy 4,000 troops to Russia’s border. Defense Minister Sergey Shoigu announced that Russia will be deploying two new divisions to the West, and one to the South (reportedly with 10,000 troops each) in order to counterbalance NATO’s increased military presence.
“The Defense Ministry is taking a number of measures to respond to the NATO military buildup at the Russian border. Before the year’s end two new divisions will be formed in the Western Military District and one in the Southern Military District.” Shoigu said.
Aleksandr Grushko, Russia’s envoy to NATO said in response to NATO’s plan “we are not passive observers, we consistently take all the military measures we consider necessary in order to counterbalance this reinforced presence that is not justified by anything. Certainly we’ll respond totally asymmetrically.”
H/t reader squodgy:
“Weather Channel founder, Bill Nye comes out claiming it’s a load of crap.
Just like Andrew Wakefield claimed mumps vaccine caused Autism, and Obama claims Putin’s military exercises within national boundaries is ‘aggressive’.
So now they trash him for telling the truth.”
Bill Nye is being branded a scientific fraud.
Watch a video of this report here:
Weather Channel founder John Coleman has slammed Bill Nye, ‘The Science Guy’, for being a scientific fraud:
“I have always been amazed that anyone would pay attention to Bill Nye, a pretend scientist in a bow tie,”
“As a man who has studied the science of meteorology for over 60 years and received the American Meteorological Society’s “Meteorologist of the Year” award, I am totally offended that Nye gets the press and media attention he does.”
Bill Nye is an obstinate supporter of the idea of anthropogenic, or man-made, climate change (previously global warming), and has gone as far to suggest that anyone who denies that theory should be jailed.
When asked if ‘climate deniers’ should be in prison, Nye responded:
In an surprising development for war-torn Syria, Russia’s famous Mariinsky Theatre Orchestra, is giving a concert on Thursday on the stage of Palmyra’s world-famous amphitheater, which until recently was under ISIS control and parts of which had been destroyed.
The orchestra, conducted by world-famous conductor Valery Gergiev, is holding a “Pray for Palmyra. Music Revives Ancient Ruins” concert on the stage of Palmyra’s historic amphitheater. Russian President Vladimir Putin said on Thursday during a videoconference with Syria’s city of Palmyra, liberated from Daesh terrorists, that the concert of Russia’s Mariinsky Theatre Symphony Orchestra in the historic city is a gratitude to everyone fighting against terrorism.
As reported previously, the Syrian armed forces, backed by militias and Russian forces, recaptured Palmyra from ISIS on March 27, nearly a year after terrorists had taken hold of the city and destroyed much of the UNESCO World Heritage Site’s artifacts. According to preliminary estimates, some 20 percent of ancient Palmyra was destroyed, while many exhibits were looted from museums. It could take around five years to restore the city.
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As more food companies are opting to go “GMO-free” in response to rising public awareness, Monsanto and the biotech industry can count on their friends in government to help counter the movement.
A paragraph tucked into a new spending bill would give the green light for a government propaganda campaign on behalf of GMO giants.
“$3,000,000 shall be used by the Commissioner of Food and Drugs, in coordination with the Secretary of Agriculture, for consumer outreach to promote understanding and acceptance of agricultural biotechnology and biotechnology-derived food products and animal feed, including through publication and distribution of science-based educational information on the environmental, nutritional, food safety, economic, and humanitarian benefits of such biotechnology, food products, and feed.”
Regardless of your stance on genetically modified foods, government has no place using taxpayer dollars to convince the public that everything about GMOs is perfectly safe. Monsanto spends millions to get lawmakers in its pocket, and the results are obvious here. The biotech industry has managed to put its own into high-level government positions, such as Obama’s choice of a former Monsanto vice president to run the FDA. Continue reading »
EXCLUSIVE: The infamous Romanian hacker known as “Guccifer,” speaking exclusively with Fox News, claimed he easily – and repeatedly – breached former Secretary of State Hillary Clinton’s personal email server in early 2013.
“For me, it was easy … easy for me, for everybody,” Marcel Lehel Lazar, who goes by the moniker “Guccifer,” told Fox News from a Virginia jail where he is being held. Continue reading »
In a stunning medical breakthrough for humanity, a hemp cannabidiol (CBD) product from Medical Marijuana, Inc. has been approved by the government of Brazil as a treatment for cancer. The product, called Real Scientific Hemp Oil (RSHO), is also approved by Brazil as a prescription medication for epilepsy, Parkinson’s disease, and chronic pain.
This move puts Brazil far ahead of the United States in the realm of compassionate, safe, affordable medicine that can treat serious medical conditions such as cancer. “We have the utmost respect for the Brazilian government that decided hemp CBD oil should be available to their people, for a variety of reasons,” said Stuart W. Titus, PhD and Chief Executive Officer of Medical Marijuana, Inc. “Brazil is a shining example of how a national government has responded to humanitarian interests and has swiftly and diligently passed favorable legislation on behalf of the health and well-being of its people – children in particular.” Continue reading »
According to a recent survey, the majority of people in Germany view the news media as simply a pillar of the government and the powerfully elite. Only one third of the respondents think that the German news media is truly independent, while the majority view the government and parties as having control over particular policies, and the lobbyists and advertisers having control over the economic news.
More than half of the respondents viewed the news media as controlled by the “powerful” in the country, a view which manifested in recent years in the wake of going through crisis after crisis as the media began to be viewed simply as part of the system, or, the Fourth Estate. Continue reading »
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Now that Canada has had a chance to evaluate the damage from the historic Alberta fire, the question on everyone’s lips is what will be the near-term impact on oil production. The most comprehensive answer provided so far comes from Morgan Stanley’s Benny Wong who estimates that the total number of offline capacity will be anywhere between 400 and 500 mbbl/d, with the shut-in expected to last about 10 days, potentially reducing total market output by as much as 5 million barrels.
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During a visit to Israel the previous year, Cameron told the Knesset in a speech about his great-great-grandfather, a Jewish banker who emigrated from Germany.
At that rate Muslims would have 200 seats
Stuart Littlewood considers the phenomenal over-representation of Jews and non-Jewish Zionists in the UK parliament which, in terms of support for Israel, is magnified even further when viewed alongside the Conservative and Labour party leaders’ umbilical ties to the Israel lobby.
“Proportional Representation” is a big buzz-word in the UK these days. It implies fairer voting and fairer government. It is claimed to give minorities a better chance of being heard and therefore, they say, it should be incorporated into the “new politics” our shiny new coalition government has promised us. Continue reading »
– After the leaks showed what it stands for, this could be the end for TTIP (The Independent):
The documents show that US corporations will be granted unprecedented powers over any new public health or safety regulations to be introduced in future. If any European government does dare to bring in laws to raise social or environmental standards, TTIP will grant US investors the right to sue for loss of profits
Today’s shock leak of the text of the Transatlantic Trade and Investment Partnership (TTIP) marks the beginning of the end for the hated EU-US trade deal, and a key moment in the Brexit debate. The unelected negotiators have kept the talks going until now by means of a fanatical level of secrecy, with threats of criminal prosecution for anyone divulging the treaty’s contents.
Now, for the first time, the people of Europe can see for themselves what the European Commission has been doing under cover of darkness – and it is not pretty. Continue reading »
San Diego, CA — Longtime congressman and former presidential candidate Ron Paul made it clear in a recent interview on CNN that he will vote 3rd party if the presidential race comes down to Donald Trump versus Hillary Clinton.
Though Paul didn’t specify which candidate he would vote for, he did say Libertarian or Independent party candidates are a possibility. Paul also said he couldn’t support Ted Cruz, who has since dropped out of the race, because he’s a “theocrat” who wants to rule with religion. Paul didn’t comment on his specific reasons for not supporting Clinton, but one can speculate the fiercely anti-war Paul opposes her militaristic tendencies.
Then Paul went even further, saying both the Republican and Democratic parties — from Reagan to Obama — are controlled by the “Deep State” and powerful special interests. Watch the interview below:
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Donald Trump used the word ‘rape’ to describe America’s trade deficit with China during a rally in Fort Wayne, Indiana, on Sunday night.
The Republican frontrunner, who has lashed out at ‘politically correct’ speech in the past, told supporters: ‘We cannot continue to allow China to rape our country. And that’s what they’re doing.’
Speaking through its mouthpiece Global Times, China has published its first reaction to “unpredictable” Trump’s position as presumptive Republican nominee and their expectations of a Trump vs Clinton fight for The White House…
The GOP presidential front-runner Donald Trump won a sweeping victory in the Indiana Republican primary on Tuesday, dealing a heavy blow to his rival Ted Cruz, who dropped out of the race later that night. Trump cleared his way to the Republican nomination for the 2016 US presidential election. Chairman of the Republican National Committee Reince Priebus declared Trump to be the party’s “presumptive” presidential nominee and called for unity against Hillary Clinton. Continue reading »
I’ve said many times that if you want to protect your financial assets physical gold and silver are (in my opinion) the place to be (and especially silver, which is still my favorite “investment”).
Only physical gold and silver are real, everything else will (in my opinion) turn out to be an illusion.
Of course you’ll need to prepare (for the greatest financial collapse in world history) on all levels: Water, food, survival gear, etc.
Just buying gold and silver will not nearly be enough, but it’s a good start.
The days of JP Morgan controlling the silver market may be numbered as a new player in the silver market has arrived. For the past several years, JP Morgan held the most silver on a public exchange in the world. While the LBMA may hold (or did hold) more silver, their stockpiles are not made public.
Regardless, JP Morgan held the most silver at nearly 74 million oz (Moz) in its warehouse, up until recently. Over the past two months, JP Morgan’s silver inventories have fallen nearly 7 Moz to 67.1 Moz today:
As I mentioned in my previous article, Why Are The Chinese Stockpiling Silver? Big Move Coming?, JP Morgan increased their silver inventories from 4 Moz in April 2011 to 69.4 Moz April 19, 2016. However, the Shanghai Futures Exchange silver inventories surged from 7.5 Moz in August 2015 to 54.7 Moz on April 19, 2016:
Basically, JP Morgan added an average 16.3 Moz of silver each year for the past years, whereas the Shanghai Futures Exchange added nearly 7 Moz per month. Furthermore, the majority of gains came since the beginning of 2016. Again, here is my previous Shanghai Futures Exchange silver stock chart from the article linked above: Continue reading »
Greenpeace Netherlands has released secret TTIP negotiation documents. We have done so to provide much needed transparency and trigger an informed debate on the treaty. This treaty is threatening to have far reaching implications for the environment and the lives of more than 800 million citizens in the EU and US.
Whether you care about environmental issues, animal welfare, labour rights or internet privacy, you should be concerned about what is in these leaked documents. They underline the strong objections civil society and millions of people around the world have voiced: TTIP is about a huge transfer of power from people to big business.
You can download all the documents below, as a whole and per chapter. For more background info on the content of these documents and TTIP in general, please check. Press contacts can be found .
Earlier today, Obama landed in Flint, Michigan, his first visit to the city since its contaminated drinking water crisis began two years ago. Air Force One landed at Bishop International Airport and Gov. Rick Snyder was among the officials waiting on the tarmac to greet the president.
With him, Obama brought a message of hope to residents of Flint, Michigan: a promise for change after lead from old pipes tainted their drinking water. Continue reading »
There’s something about being insanely rich that people will believe every word that comes out of your mouth no matter how bizarre.
And no, I’m not talking about Donald Trump. Warren Buffett is an even better example.
As one of the richest men in the world, Buffett’s opinions carry almost Biblical impact, even when they might be completely ridiculous. Continue reading »
It’s all over but the press conference (and perhaps elbowing his wife in the face). Watch John Kasich announce he is taking the exterminaTed way out, and also suspending his presidential campaign one day after Ted Cruz did the same, and leaving Donald Trump the official GOP candidate.
Update: as expected, Kasich’s announcement will be that he is indeed suspending his campaign, and with that Trump is the official presidential candidate of the Republican party.
— NBC Nightly News (@NBCNightlyNews) May 4, 2016
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It appears that less than one day after Ted Cruz announced he is quitting the race, the last hurdle to Donald Trump becoming the official GOP candidate instead of just the “presumptive” one, is about to fall: according to CNN’s Phil Mattingly the republican challenger has just cancelled a press conference in Virginia and will make a statement in Ohio this afternoon at 5pm. We assume it is to announce he too is withdrawing from the race.
Earlier this week we observed that in what may be Europe’s latest mistake, the European Union is about to grant visa-gree travel to 80 million Turks: a key concession that Erdogan obtained as a result of the ongoing negotiations over Europe’s refugee crisis which has pushed Turkey into the key player spotlight. And then, overnight, the European Commission officially granted its support to a visa-free travel deal with Turkey after Ankara threatened to back out of a landmark migration deal. It proposed to lift visa requirements by the end of June.
The decision was confirmed by European Commissioner for Competition Margrethe Vestager on Twitter. Continue reading »
In a ruling sure to heighten migration tensions in the EU, Italy’s highest court rules “Theft Not a Crime if Hungry“.
Stealing small amounts of food to stave off hunger is not a crime, Italy’s highest court of appeal has ruled.
Judges overturned a theft conviction against Roman Ostriakov after he stole cheese and sausages worth €4.07 (£3; $4.50) from a supermarket.
Mr Ostriakov, a homeless man of Ukrainian background, had taken the food “in the face of the immediate and essential need for nourishment”, the court of cassation decided.
Therefore it was not a crime, it said. Continue reading »
— CNN (@CNN) May 4, 2016
— CNN Politics (@CNNPolitics) May 4, 2016
Ted Cruz is quitting the presidential race, according to campaign manager Jeff Roe, ending one of the best-organized campaigns of 2016 after a series of stinging defeats left Donald Trump as the only candidate capable of clinching the nomination outright.
Cruz had appeared likely to go all the way to the Republican convention, but a string of massive losses in the Northeast, and his subsequent defeat in Indiana, appear to have convinced him there’s no way forward.
His wife bore th3 brunt of his frustration… Continue reading »
Turkey Prime Minister Ahmet Davutoglu reportedly plans to resign from office on Thursday, according to media reports.
When the leading AKP holds its party congress in the next 15 to 20 days to select a new leader, Davutoglu will not run, CNN Turk has reported. Continue reading »
When politicians say things, many people just ignore them and move on. However, as Hillary Clinton recently found out, words do have meaning, and some people don’t take kindly to loose rhetoric when it comes to how they provide for their families.
On the campaign trail, Hillary Clinton said with a smile “We’re going to put a lot of coal miners, and coal companies out of business.“
Bo Copely, a 39 year old father who recently lost his job, reminded Hillary as he fought back tears that not everyone lives in a world that’s rainbows and skittles. Sometimes people actually have to work for a living, and when politicians say and do things to generate a good laugh from their well-off inner circle, it can directly impact many hard working people.
“When you make comments like ‘we’re going to put a lot of coal miners out of jobs’ these are the kind of people that you’re affecting, this is my family. I just want to know how you can say you’re going to put a lot of coal miners out of jobs, and then come in here and tell us how you’re going to be our friend.“
Hillary’s response: Continue reading »
Although Israel is geographically located in Asia, the self-described “Jewish state” has emphasized its Europeanness whenever it has suited it to do so. It has been allowed to take part in the Eurovision Song Contest since 1973, as the Israeli Broadcasting Authority has been a member of the European Broadcasting Union since 1957. Israeli soccer clubs began playing in European competitions in 1991 and Israel became a member of UEFA in 1994. Even more importantly, in the political sphere, Tel Aviv’s recent major political step towards realizing its apparent desire of becoming a fully-fledged European state has passed under the radar of the media.
In March, a delegation from the Likud visited Strasbourg at the invitation of the European Conservatives and Reformists faction in the European Parliament. According to the Jerusalem Post, the delegation explained the Likud’s policies to a group of 15 ECR members of Parliament. The Likud reached an agreement with the ECR that enables it to become one of the ECR’s “regional members,” which allows Likud representatives to attend ECR faction meetings and influence its policies. Continue reading »