While the Clintons have had their share of funding snafus in recent history exposing the former “not truly well off” first lady as not only a puppet of not only Wall Street but also America’s mega corporations, Hillary Clinton’s use of personal email accounts as America’s former top diplomat is a far more serious issue as it touches directly on accountability, and rational decision-making while in a top position of government power. To say that it impairs her image as a presidential candidate who puts the country ahead of her own interests, would be an understatement. Continue reading »
Boris Nemtsov wasn’t murdered because he was Jewish; but his background has renewed the discussion of what it means to be Jewish in Russia today.
Let’s make something clear: Boris Nemtsov was not murdered because he was Jewish (or half Jewish). The prominent 55-year-old politician was most likely killed because of his vociferous, unwavering rejection of the war in Ukraine. He was gunned down near the Kremlin, in front of his Ukrainian girlfriend, just days before an anti-war rally in Moscow that he had partly organized. According to Ukraine’s president, Petro Poroshenko, Nemtsov had evidence of Russia’s role in the war, and was on the verge of revealing it. Continue reading »
Enter professor Douglas McWilliams, 63, head of the well-known Centre for Economic and Business Research (CEBR) think tank and one of the most prominent modern economists, in fact in his own words “one of the world’s leading economists…best known for his work in forecasting” as well as advisor (and cheerleader) to none other than UK Chancellor George Osborne. Continue reading »
The ink is not even dry on the much fought extension of the Greek bailout, so hated in Greece because it perpetuates the “austerity” memorandum conditions and already Spain, which as a reminder is suddenly not on very good speaking terms with the Syriza government, is stoking the anti-austerity fire in Athens even more when moments ago Spain’s Guindos revealed that not only is a third Greek bailout imminent, and will cost Europe’s (and America’s via the IMF) taxpayers between €30 and €50 billion, but that Spain, whose banks were completely insolvent as recently as 2 years ago and were only “saved” thanks to the ECB’s direct and indirect (repo) bond monetization pathways will provide between 13% and 14% of the funding!
“THIRD GREEK RESCUE’ TO BE EU30B-EU50B: SPAIN’S DE GUINDOS
SPAIN TO PROVIDE 13-14% OF EU30B-EU5O 3RD GREEK RESCUE: GUINDOS
What makes the announcement doubly ironic (the broke bailout out the insolvent, or is the bankrupt saving the liquidating?), is that after yesterday’s allegation by Tsipras that there was a “conspiracy” between Spain and Portugal to derail the new Greek government, earlier today German Finance Ministry spokesman Martin Jaeger tells reporters in Berlin that “Tsipras’ remarks that Spain and Portugal took negotiations over Greece’s bailout to the brink of failure in a bid to avoid domestic political consequences was “a very unusual foul play.” Continue reading »
For all the attention given to Greece, is Portugal really that much better off?
Even a brief glance at the facts suffices. Portugal is no less bankrupt than Greece. The country’s government debt, at 124% of GDP, might be lower than in Greece. However, government debt is just one – even though important – part of the full debt picture.
On an aggregate level, Portugal’s overall debt level — at 381% of GDP when also including private households and non-financial corporations — is well above Greece’s total debt level (286% of GDP).Continue reading »
Leonard Nimoy, the sonorous, gaunt-faced actor who won a worshipful global following as Mr. Spock, the resolutely logical human-alien first officer of the Starship Enterprise in the television and movie juggernaut “Star Trek,” died on Friday morning at his home in the Bel Air section of Los Angeles. He was 83.
His wife, Susan Bay Nimoy, confirmed his death, saying the cause was end-stage chronic obstructive pulmonary disease. Continue reading »
Greek short-term default risk jumped over 300bps today putting the odds of a restructuring at 50-50 within the next year as the warnings we issued last week with regard Greece’s imminent default on its IMF loan loom. Seeking to reassure its lenders (and avoid yet more capital flight), Reuters reports the Greek government said it was “exploring solutions,” including delaying payments to suppliers or try to raise up to 3 billion euros by borrowing from state entities such as pension funds. Continue reading »
As Russia announces the expansion of its Navy by 50 vessels this year, including two new nuclear-powered submarines and an aircraft carrier, it appears NATO’s sabre-rattling has drawn a response/threat/warning. Following British plans to send military ‘advisers’ into Ukraine (which NATO has stated are not confirmed), TASS reports, Russia’s NATO envoy, Alexander Grushko, warns Russia will take all measures against possible NATO threat in Ukraine, adding that Russia’s response may include military measures. Continue reading »
Long-time Zero Hedge readers may remember the rather surreal moment towards the beginning of the long-running German tungsten/gold repatriation saga, when Bundesbank Executive Board member Andreas Dombret assured the NY Fed that Germany wasn’t afraid of Simon Gruber (or Goldfinger for that matter) “masterminding gold heists in U.S. vaults.”
Well, since it now appears Germany is all set to ramp up its repatriation efforts (see the NY Fed’s November monthly outflow numbers), Buba may want to reconsider its stance on the threat posed by ambitious bandits, as less than 24 hours ago, an estimated 4 million in gold bars were commandeered (on the side of I-95 no less), by gun wielding desperados.
As we noted yesterday, the punchline, is that while the world was waiting for Greece to announce capital controls, or a bail-in over the past week, it was none other than one of the Europe’s most pristeen credits (one which until recently was rated AAA/Aaa) that informed creditors a bail-in is imminent: “The finance ministry noted that creditors can be forced to contribute to the costs of winding down Heta – or “bailed in” – under new European legislation that Austria adopted this year so that taxpayers do not have to shoulder the entire burden.” Continue reading »
“The Fed is out of control,” exclaims David Stockman – perhaps best known for architecting Reagan’s economic turnaround known as ‘Morning in America’ – adding that “people don’t want to hear the reality and the truth that we’re facing.” The following discussion, with Harry Dent, outlines their perspectives on the looming collapse of free market prosperity and the desctruction of American wealth as policymakers “take our economy in a direction that is dangerous, that is not sustainable, and is likely to fully undermine everything that’s been built up and created by the American people over decades and decades.” The Fed, Stockman concludes, “is a rogue institution,” and their actions have led us to “one of the scariest moments in our history… it’s a festering time-bomb and we’re not sure when it will explode.”
The National Vaccine Information Center has issued an alert for Texans to help stop forced vaccination and government coercion in their home state. A total of nine bills are currently pending in the Texas state legislature that threaten medical choice and fundamental human rights.
These laws are the extension of the current wave of vaccine hysteria sweeping America thanks to an aggressive new push toward medical fascism by the mainstream media.
These bills blatantly violate the American Medical Association’s published Code of Ethics which require informed consent for all medical interventions. But medical extremism in America today is not bound by anything resembling medical ethics, and if these Texas lawmakers get their way, every person living in Texas will be tracked like dogs with a government-run vaccine status database that will almost certainly be used to conduct house-to-house SWAT raids and arrests of those who refuse to be vaccinated. Continue reading »
Half of the Studies Find Cause For Concern … The Other Half Are Studies By the GMO Food Industry Itself
Tufts University’s Director of the Research and Policy Program at the Global Development and Environment Institute (Timothy Wise) points out:
There is no … consensus on the safety of GM food. A peer-reviewed study of the research, from peer-reviewed journals, found that about half of the animal-feeding studies conducted in recent years found cause for concern. The other half didn’t, and as the researchers noted, “most of these studies have been conducted by biotechnology companies responsible of commercializing these GM plants.”
The only consensus that GM food is safe is among industry-funded researchers.
Former celebrity TV anchor Chai Jing, quit her job after her baby daughter was born with lung tumor, and after a year of rigorous investigation, launched this 1 hour 40 minutes documentary about China’s smog.
While the citizenry of America remains transfixed by the ever-changing color of some Scottish wedding dress; this weekend saw an even more massively viral social media phenomenon as tens of millions of Chinese watched, gripped and outraged, a 104-minute video entitled “Under The Dome” exposing the ugly truth about Chinese air pollution. What is perhaps most stunning – aside from the fact that something so ‘important’ can go viral without Kim Kardashian’s ass all over it – is that the Chinese government, so far, has not shut off the documentary, and recently appointed minister of environmental protection, Chen Jining, even praised the video; suggesting a growing conflict between Beijing and the Chinese industrial complex.
Full documentary here – with English subtitles (with over 35 million views since its release yesterday on YouKu)
As The NY Times reports, the documentary, funded and narrated by a former Chinese TV reporter, recounts her journey of discovery, hunting for the sources of China’s bad air and inquiring why repeated government promises have done so little to clear it up, while coping with a daughter born with a tumor…Continue reading »
With the food industry doing everything in its power to avoid having to tell the public that its products are laced with genetically modified (GM) additives, pesticides and other poisons, grassroots efforts to raise awareness about GMOs are flourishing. Recent laboratory tests conducted by GMO Free USA, which revealed the presence of both high levels of GMOs and glyphosate herbicide in Kellogg’s Froot Loops breakfast cereal, are just the start of a much larger campaign to rid the American food supply of all these hidden toxins and restore health to the general public. Continue reading »
The mainstream media is politicizing the recent measles outbreaks, using the disease to create a dichotomy to divide Americans. The vaccinated are being pitted against the unvaccinated and a blame game has been riled up. This pointless debate, gripping news headlines, is being used not to educate the population on better hygiene, nutrition and immunology; it’s being used to rile support for new laws mandating that the entire population be subjected to whatever vaccines “medical science” has deemed necessary to live. This call for a medical dictatorship has even gripped the minds of politicians and authorities who are now giving out the most irrational advice about diseases like measles. It’s as if the recently infected children in Disneyland are being used as pawns to drive a message of fear into the rest of the population. That fear is driving the population to make irrational decisions.