Aug 03

Puerto Rico broke

First Default By U.S. Commonwealth In History: Puerto Rico Fails To Make Required Debt Payment (ZeroHedge, Aug 3, 2015):

Over the weekend Puerto Rico was supposed to make a modest principal and interest payment of some $58 million due on Public Finance Corp. bonds, which however few expected would be satisfied. As a reminder, on Friday, Victor Suarez, the chief of staff for Governor Alejandro Garcia Padilla, said during a press conference in San Juan that the government simply does not have the money.

Moments ago Melba Acosta, president of the Government Development Bank, confirmed as much, when he announced that only $628,000 of the $58 million payment, or just about 1%, had been paid.

Below is the full statement from Acosta on the service of PFC Bonds: Continue reading »

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Aug 03

Jimmy Carter Rages At What The U.S. Has Become: “Just An Oligarchy With Unlimited Political Bribery (ZeroHedge, Aug 3, 2015):

Submitted by Eric Zeusse,

On July 28th, Thom Hartmann interviewed former U.S. President Jimmy Carter, and, at the very end of his show (as if this massive question were merely an aftethought), asked him his opinion of the 2010 Citizens United decision and the 2014McCutcheon decision, both decisions by the five Republican judges on the U.S. Supreme Court. These two historic decisions enable unlimited secret money (including foreign money) now to pour into U.S. political and judicial campaigns. Carter answered:

“It violates the essence of what made America a great country in its political system. Now it’s just an oligarchy with unlimited political bribery being the essence of getting the nominations for President or being elected President. And the same thing applies to governors, and U.S. Senators and congress members. So, now we’ve just seen a complete subversion of our political system as a payoff to major contributors, who want and expect, and sometimes get, favors for themselves after the election is over. … Continue reading »

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Aug 03

Not our fault … oh, wait …

nuland-mccain-tyahnybok


“It May Come To A Military Coup”: Ukraine’s “Nazis” Threaten To Overthrow Government (ZeroHedge, Aug 3, 2015):

“It may come to a military coup.”

That rather ominous assessment of the political situation in Ukraine comes courtesy of a Right Sector fighter who spoke to FT last week.

Like Saint Mary (the militia which recently pledged to create a “Christian Taliban” and insists that “Moscow must burn”), The Right Sector is one of the many volunteer battalions fighting to rout the Russian-backed separatists operating in eastern Ukraine. Continue reading »

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Aug 03

H/t reader squodgy:

Is there such a thing as “Beyond Ridiculous”?



Jul 28, 2015

Description:

This is beyond scary, beyond corrupt, and down right evil. Now the doctor is concerned for his life for exposing this plan. Continue reading »

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Aug 03

FYI.


eu

S&P Dares To Go There: Downgrades European Union To Negative Outlook (ZeroHedge, Aug 3, 2015):

Just a few short years after they dared to downgrade the US, S&P has unleashed their worst on Europe:

  • *EUROPEAN UNION OUTLOOK REVISED TO NEGATIVE FROM STABLE BY S&P
  • *S&P: EU TO AA+/NEGATIVE FROM AA+/STABLE – FOREIGN CURRENCY LT

We are sure this will be met by S&P office raids throughout Europe, litigation over somethhing or other, and denials broadly from any and every unelected member of EU’s elite… because “when it’s serious you have to lie.”

As Bloomberg reports, Continue reading »

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Aug 03

EMP-map

Homeland Security Idle on 2008 EMP Threat: “Gov’t Dysfunction Preventing … Protecting Ourselves” (SHFTplan, Aug 3, 2015):

The potential threat of an electromagnetic pulse (EMP) has officially captured the attention of politicians in Washington, who are using it as an issue to drive debate about possible military threats and infrastructure overhauls.

The catastrophe that could come from an EMP would be overwhelming and devastating to the infrastructure that hundreds of millions depend upon, yet Homeland Security has done absolutely nothing to harden the grid or take basic precautions since it was warned in a 2008 report. According to the Washington Free Beacon: Continue reading »

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Aug 03

FYI.


Amid Escalating Violence In Turkey, Erdogan Says Putin Ready To “Give Up On Assad” (ZeroHedge, Aug 3, 2015):

As opposition lawmakers accuse Tayyip Erdogan of blocking efforts to form a coalition government, Ankara says the PKK orchestrated a suicide attack that killed three Turkish soldiers. Meanwhile, Erdogan says Vladimir Putin is ready to “give up on” Bashar al-Assad in Syria.

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Aug 03

Corruption is Legal in the USA (Washington’s Blog, Aug 2, 2015):

A well-done animated guide to the 2014 study (often cited by Washington’s Blog) conducted by teams of researchers out of Princeton and Northwestern, looking at whether the US population can influence public policy.  This is the largest study of the topic to date, looking at nearly 2,000 policy issues.

“The average American has a miniscule, near zero, statistically non-significant impact on public policy.”

Continue reading »

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Aug 03

NATO Member Busted Massively Supporting ISIS … Now Declares War Against ISIS, But Instead Bombs Its Political Rival (Which Is the Most Effective Force FIGHTING ISIS) (Washington’s Blog, July 30, 2015):

Turkey Enabling ISIS

NATO member Turkey has been busted supporting ISIS.

The Guardian reported this week: Continue reading »

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Aug 02

Monsters of Ukraine: Made in the USA (Antiwar, July 31, 2015):

We’re in the summer doldrums of the news cycle, a perfect time for our government and the media – or do I repeat myself? – to drop certain inconvenient stories down the Memory Hole. My job, of course, is to retrieve them….

Remember Ukraine? I seem to recall blaring headlines about a supposedly “imminent” and “massive” Russian invasion of that country: the Anglo-Saxon media was ablaze with a veritable countdown to D-Day and we were treated to ominous sightings of Russian troops and tanks gathering at the border, allegedly just awaiting the order from Putin to take Kiev. And it turns out there has been an invasion, of sorts – although it isn’t a Russian one. It’s the Kiev regime’s own foot-soldiers returning from the front and turning on their masters.

The war is going badly for the government of oligarch Petro Poroshenko. The east Ukrainians, who rose in revolt after the US-sponsored coup threw out democratically elected President Viktor Yanukovych, show no signs of giving up: they’ve repulsed the “anti-terrorist” campaign launched by Kiev, withstanding relentless bombardment of their cities and enduring many thousands of casualties, not to mention widespread destruction. Indeed, the brutal protracted war waged by Kiev against its own “citizens” has arguably steeled the rebels’ resolve and made any thought of reconciliation unthinkable. Continue reading »

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Aug 02


Aug 1, 2015

See also:

Venezuela Increasingly Looks Like A War Zone

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Aug 02

Korsun massacre

Full article here:

The Anti-Crimean Pogrom that Sparked Crimea’s Breakaway (Washington’s Blog, Aug 1, 2015):

#1:

Here is a description of the “Korsun Pogrom” or “Korsun Massacre”: the 20 February 2014 event that sparked Crimea’s breakaway from Ukraine:

http://fortruss.blogspot.com/2015/02/korsun-massacre-anniversary-what-really.html

——

#2: Continue reading »

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Aug 02

gaza-war-crimes



Aug 1, 2015 Continue reading »

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Aug 02

“The punchline: Sheng warned about the risks of local government debt, saying that 2 trillion yuan ($322.08 billion) in bond swaps may not be able to fully cover maturing debt, according to the report.

What he really said, as paraphrased by Bloomberg, is that “local governments tended to not report all their debts when audited in June 2013, thus the 2 trillion yuan debt swap plan arranged this year may not cover all debts due, Sheng cited as saying.”

Oops.”


 

china-property-bubble

As China Admits It Lied About Its Local Debt Levels, Local Billionaires Are Quietly Liquidating Their Assets (ZeroHedge, Aug 2, 2015):

It was almost exactly two years ago, when during China’s long-forgotten attempt to actively deleverage its economy (remember that? good times…) we commented on the country’s s first attempt to estimate what its local government debt is since June 2011.

This is what we said in July 2013: Continue reading »

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Aug 02

Skynet


Obama’s New Executive Order Says the US Must Build an Exascale Supercomputer (Vice/Motherboard, July 29, 2015):

President Obama has established a new initiative across multiple government agencies that will focus entirely on creating the fastest supercomputers ever devised. The National Strategic Computing Initiative will attempt to build the first ever exascale computer, which would be more than 30 times faster than today’s fastest supercomputer, according to an executive order issued Wednesday.

The initiative will primarily be a partnership between the Department of Energy, Department of Defense, and National Science Foundation, which will be designing supercomputers primarily for use by NASA, the FBI, the National Institutes of Health, the Department of Homeland Security, and NOAA. Each of those agencies will be allowed to provide input during the early stages of the development of these new computers.

The primary task of the initiative is “accelerating delivery of a capable exascale computing system,” the order said. For context, it is believed that an exascale computer might be capable of mimicking the human brain, something impossible with current technology.

As of June, the fastest supercomputer in the world is China’s Tianhe-2, a computer that runs at 33.86 petaflops, which means it can perform 33.86 quadrillion floating point operations per second. The US has the second fastest supercomputer, a machine at the Oak Ridge National Laboratory that runs at 17.6 petaflops. Earlier this year, Intel and Cray won a $200 million contract from the federal government to build a 180-petaflops computer by 2018. Continue reading »

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Aug 02

china gold

China’s 1929 Moment (GoldMoney, July 30, 2015):

Anyone with a nose for markets will tell you that the Chinese government’s attempt to rescue the country’s stock markets from collapse is far from succeeding.

Bubbles collapse, period; and government interventions don’t stop them. Furthermore, we are beginning to see a crack widen in the foundations of China’s capital markets that could end up undermining the whole economy.

Since the government owns the banking system, some of the knock-on effects will doubtless be concealed. A consequence for China is that domestic financial instability could threaten her current plans for the international development of her currency. Here the timing couldn’t be worse, because in a few months the IMF is due to announce its decision about the inclusion of the renminbi in the SDR. The odds were in favour of China succeeding in this quest, on the basis that China was deemed to have fulfilled the necessary conditions, and the IMF itself has been supportive. Continue reading »

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Aug 02

Venezuela Increasingly Looks Like A War Zone (ZeroHedge, Aug 1, 2015):

Over the years, we have repeatedly poked fun at the transformation of Venezuela into a “socialist utopia” – an economy in a state of terminal collapse, where the destruction of the currency (one black market Bolivar is now worth 107 times less than the official currency’s exchange rate) and the resulting hyperinflation is only matched be barren wasteland that local stores have transformed into now that conventional supply chains are irreparably broken.

Just this past Wednesday we showed a clip of what is currently taking place inside Venezuela supermarkets, noting that “the hyperinflationary collapse in Venezuela is reaching its terminal phase. With inflation soaring at least 65%, murder rates the 2nd highest in the world, and chronic food (and toilet paper shortages), the following disturbing clip shows what is rapidly becoming major social unrest in the Maduro’s socialist paradise… and perhaps more importantly, Venezuela shows us what the end game for every fiat money system looks like (and perhaps Janet and her colleagues should remember that).”

Continue reading »

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Aug 02

Illuminati (the Rothschilds and the other 12 elite families) control America and they are calling the shots.

America is just being used, or better abused, to fulfill their agenda.

History is repeating itself.

And again … We Are On Our Own

George Carlin sums it up best:

George Carlin: The American Dream (Video):


Continue reading »

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Aug 01

And what could possibly go wrong?


The Cyber Wars Begin: Obama Says US “Must Retaliate” Against China For Historic Data Breach (ZeroHedge, Aug 1, 2015):

On Friday, we highlighted a “secret” NSA map which purports to show every Chinese cyber attack on US targets over the past five years. “The prizes that China pilfered during its ‘intrusions’ included everything from specifications for hybrid cars to formulas for pharmaceutical products to details about U.S. military and civilian air traffic control systems,” intelligence sources told NBC, who broke the story.

CyberMapTeaser

The release of the map marked the culmination of a cyber attack propaganda campaign which began with accusations that North Korea had attempted to sabotage Sony, reached peak absurdity when Penn State claimed Chinese spies had taken control of the campus engineering department, and turned serious when Washington blamed China for what was deemed “the largest theft of US government data ever.” “Whether all of this is cause for the Pentagon to activate the ‘offensive’ component of its brand new cyber strategy remains to be seen,” we said yesterday.

As it turns out, the Office of Personnel Management breach will indeed be used to justify a cyber “retaliation”against China, because as The New York Times notes, “the hacking attack was so vast in scope and ambition that the usual practices for dealing with traditional espionage cases [do] not apply.” Here’s more:

The Obama administration has determined that it must retaliate against China for the theft of the personal information of more than 20 million Americans from the databases of the Office of Personnel Management, but it is still struggling to decide what it can do without prompting an escalating cyberconflict. Continue reading »

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Aug 01

Cecil_0

Furious Americans Demand Extradition Of Cecil-Killing Dentist As Poachers Kill Lion’s Brother (ZeroHedge, Aug 1, 2015)

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