Sep 24

Chicago’s Plight: Why Do Blacks Perpetually Vote for Politicians Who Make Their Lives Worse?:

Chicago suffered through its worst summer of violence in decades. In August, over 400 people were shot and 80 killed.

Activists and public unions blame income inequality. Income inequality is rising, but very few understand who is to blame. And the tax hikes and pay hikes that unions seek exacerbate the problems and cause white flight.

Many claim education is the answer, but the Chicago public school system is not only financially bankrupt, it is morally bankrupt.

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Sep 24

The Global Financial System Is Here - Collapse

H/t reader squodgy:

Massaging and Fudging Statistics has always been a wonderful way to hide the truth or simply deceive the people.

Here’s an example. World trade in finished goods is trundling along at the bottom, fact.

Put that on a graph and it shows how the picture is following the 2008 financial collapse, which was a rehearsal.

Remove the 2007-2009 sector of the graph, as they have done here, and the current stagnation is a mere hiccup, not a harbinger. There is a steady trend downward and they are reaching the stage where it can no longer be hidden.

Move along, nothing to see here, move along. The truth has been corrected.

World Trade Grinds Lower, Hits 2014 Levels

Recession Watch: US Freight Drops to Worst Level since 2010, “Excess of Capacity” Crushes Rates

Why Hanjin’s Zombie Collapse Won’t Be the Last One:

China Containerized Freight Index remains near record low.

Similarly, the well known BDI which tracks future shipping freight bookings, is still in the doldrums although it is slightly better than at the beginning of the year, but so it should be, we’ve just had summer, but look at the 6 year graph and it is stagnant, look at the 3 month graph and the recovery looks marvellous, but that is bullshit because it is still only trundling along the bottom. Statistical massaging & fudging.

https://www.quandl.com/data/LLOYDS/BDI-Baltic-Dry-Index 6 years

Finally, the best barometer for infrastructure activity is Caterpillar, and even Rothchild’s Reuters can’t offer anything here, they are cluthching at straws while not facing the truth, we are just too much in debt.

Caterpillar slashes revenue forecast, cutting up to 10,000 jobs

economic-collapse-consequence

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Sep 22

psomianamoni

Bakers Unite As Increasing Number Of Poor Greeks Can’t Even Afford A Loaf Of Bread:

Almost a year after Greece surrendered into the arms of the international lenders and the International Monetary Fund and the austerity cuts started to affect people’s lives. One Greek explains the dismal reality of everyday life for many…

Did you know that there are people in Greece who cannot afford to buy even a loaf of bread at a cost of €0.60 – €0.70?

A bakery in our neighborhood was offering a bread at a special price for pensioners and unemployed. The special price was just half a euro.

At one point, I remember that more and more people were going to this bakery and asking for bread from the previous day for a couple of cents or even free of charge.

Two days ago, the grim Greek reality hit me again. I was at the bakery sometime at noon. All different kinds of bread loafs were waiting for customers, nicely set in order, one by one, next to each other.

Yet, somewhere, in a corner at one of the lower shelves there was a group of breads: several loaves, long and round, white and wholewheat,  a couple of baguettes.

“What are these?” I asked the baker and he answered “This is bread from yesterday, for the poor. We give it free of charge.” Continue reading »

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Sep 22

$195 Billion Asset Manager: “The Time Has Come To Leave The Dance Floor”:

When the supposed solutions to the Fed’s dilemma are merely new “problems,” you know you are approaching the cycle’s end… long-term investing is predicated on not just knowing where the happening parties are during the reflationary parts of the cycle but more importantly, knowing when the time has come to leave the dance floor. In our view, that time has already come.”

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Sep 21

Martin Armstrong On “The Coming Dark Age”

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Sep 20

“We Haven’t Seen This Since The Great Depression” – Gallup CEO Destroys The “Recovery” Lie:

By Jim Clifton, Chairman and CEO at Gallup

The Invisible American

I’ve been reading a lot about a “recovering” economy. It was even trumpeted on Page 1 of The New York Times and Financial Times last week.

I don’t think it’s true.

The percentage of Americans who say they are in the middle or upper-middle class has fallen 10 percentage points, from a 61% average between 2000 and 2008 to 51% today.

cok4xqznpkmftiig_uaj3g_0

Ten percent of 250 million adults in the U.S. is 25 million people whose economic lives have crashed.

What the media is missing is that these 25 million people are invisible in the widely reported 4.9% official U.S. unemployment rate. Continue reading »

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Sep 20

Ponzi-Scheme

Dallas Police Pension On Verge Of Collapse As Record Number Of Cops Seek Full Withdrawals:

Dallas police officers seem to be catching on to the fact that their pension fund is on the verge of collapse as a record number of cops are rushing to withdraw retirement funds as quickly as possible before the whole system goes bust.

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Sep 20

H/t reader squodgy:

“And now the Rothschild’s plan to collapse it is well under way, as one blogger puts it, Zimbabwe was the rehearsal for South Afrika and now South Africa is the rehearsal for Europe,”


70,000 Whites Murdered in ‘Modern’ South Africa; Obama’s African Legacy:

Since Nelson Mandela and the communist African National Congress (ANC) took over South Africa, more than 70,000 whites have been murdered and untold numbers have been robbed, raped and tortured.

But you will not hear about this in the Western media, which fawns over the black terrorists who now run the once-prosperous country.

Claudia Bryan is a South African activist living in London. Her grandmother owned a bakery in South Africa. One day six blacks entered the bakery and gang-raped her. They then tried to shoot her. The gun jammed. In anger they gang raped her again and the 70-something woman died. Robbery was not the motive. Continue reading »

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Sep 19

Deutsche Bank Extends Losses Near Record Lows: “Significantly Undercapitalzied… Even Without Bad Outcomes”

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Sep 18

H/t reader squodgy:

“An interesting FEMA assessment on the preparedness of the typical American. It seems most, despite ample warnings, even by the President, are only prepared fro a weekend’s inconvenience.

One sentence stands out….The economy is taking its toll on preparedness.

Chicken and egg syndrome. You can’t put your money into preparing if your income is screwed by the economy.”

Related info:

The FEMA Ready Campaign: September is National Preparedness Month: Don’t Wait. Communicate.

3 days into the economic collapse most people will run out of food.

All they have will be a lot of guns and ammo.

What are your chances of surviving???


economic-collapse-argentina

The FEMA Preparedness Reports: What Are Your Chances of Surviving An Economic Collapse?:

Earlier today, The Common Sense Show issued an alert as to the possible use of multiple IED type of devices based upon the reports of a highly credible source(s). If such an even ever came to fruition, it could potentially paralyze this nation and bring the economy to a standstill. Subsequently, the grocery store shelves could be empty within two days and food riots would likely commence by sundown of the second day. Most preppers would be in danger. Local law enforcement would be overwhelmed. What would be your chances of survival? Well, recently, FEMA has conducted research studies on America’s level of preparedness and the news is not good.

The FEMA Preparedness Reports

In response to concerns about strengthening the nation’s ability to protect its population and way of life (i.e., security) and ability to adapt and recover from emergencies (i.e., resilience), the President of the United States issued Presidential Policy Directive 8: National Preparedness (PPD-8). Continue reading »

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Sep 14

Desperately Poor Teens In America’s Impoverished Inner Cities Are Trading Sex For Food:

When people get hungry enough, they will do just about anything for some food.  According to brand new research that was just released this week from Feeding America and the Urban Institute, there are millions of teenagers in America that live in “food insecure” households, and researchers were stunned to learn what some of these teens are willing to do to feed themselves.  Some resort to shoplifting, others deal drugs, and there were a surprising number of participants in the study that actually admitted to trading sex for food.  It wouldn’t be a shock to hear that these kinds of things are going on in an economically-depressed nation such as Venezuela, but this is the United States of America.  We are supposed to be the wealthiest nation on the entire planet.  Sadly, even while the stock market has been soaring in recent years, poverty in America has been on the rise.  For those on the low end of the economic scale, things have gone from bad to worse since the end of the last recession, and millions of children are deeply suffering as a result.

Let’s start with some of the hard numbers.  The following comes directly from the Urban Institute websiteContinue reading »

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Sep 14

Venezuela’s “Death Spiral” – A Dozen Eggs Cost $150 As Hyperinflation Horrors Hit Socialist Utopia:

Submitted by Susan Warner via The Gatestone Institute,

  • The question of whether Socialism can be an effective economic system was famously raised when Margaret Thatcher said of the British Labor Party, “I think they’ve made the biggest financial mess that any government’s ever made in this country for a very long time, and Socialist governments traditionally do make a financial mess. They always run out of other people’s money. It’s quite a characteristic of them. They then start to nationalise everything.”
  • There are dire reports of people waiting in supermarket lines all day, only to discover that expected food deliveries never arrived and the shelves are empty.
  • There are horrific tales of desperate people slaughtering zoo animals to provide their only meal of the day. Even household pets are targeted as a much-needed source for food.
  • President Maduro is doubling down on the proven failed policies and philosophies of “Bolivarian Socialism,” while diverting attention away from the crisis — pointing fingers at so-called “enemies” of Venezuela such as the United States, Saudi Arabia and others.
  • A dozen eggs was last reported to cost $150, and the International Monetary Fund “predicts that inflation in Venezuela will hit 720% this year.

For many Venezuelans, by every economic, social and political measure, their nation is unravelling at breakneck speed. Continue reading »

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Sep 13

Sep 11, 2016

H/t reader squodgy.

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Sep 13

Twitter account of “Alois Irlmaier”:

“Documenting the lead up to World War 3 as predicted by German seer of same name. is right around the corner. Hope for the best, prepare for the worst.”

Related info:

The Prophecies Of Alois Irlmaier – The Roadmap To WW3 – The 3 Days Of Darkness (Worse Than WW3)


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Sep 12

Tent Cities Full Of Homeless People Are Booming In Cities All Over America As Poverty Spikes

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Sep 12

US Think Tank Warns That Australia Is About 6 Weeks Away From Housing Collapse

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Sep 12

Vanderbilt University Name Placards For Faculty Offices Will Now Include “Preferred Pronouns”

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Sep 12

The Eurozone is about to get totally destroyed.

Continue to prepare for collapse.


Why The Eurozone Will Self-Destruct

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Sep 08

Wells Fargo Fires 5,300 For Engaging In Massive Fraud, Creating Over 2 Million Fake Accounts:

For years we have wondered why Wells Fargo, America’s largest mortgage lender, is also Warren Buffett’s favorite bank. Now we know why.

On Thursday, Wells Fargo was fined $185 million, (including a $100 million penalty from the Consumer Financial Protection Bureau, the largest penalty the agency has ever issued) for engaging in pervasive fraud over the years which included opening credit cards secretly without a customer’s consent, creating fake email accounts to sign up customers for online banking services, and forcing customers to accumulate late fees on accounts they never even knew they had. Regulators said such illegal sales practices had been going on since at least 2011.

In all, Wells opened 1.5 million bank accounts and “applied” for 565,000 credit cards that were not authorized by their customers. Continue reading »

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Sep 08

“It’s Bordering Chaos”: $14 Billion In Cargo Stranded At Sea, Crews “Go Crazy” On Hanjin Ghost Ships

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Sep 08

Eye on Social Mood: Stock Market Bubble Will Pop, Social Mood Will Get Extremely Ugly

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Sep 08

The Great Debt Unwind Beneath the Surface: US Commercial Bankruptcies Soar:

H/t reader squodgy:

“Bankruptcy is one of the few booming sectors in the US at the moment.”

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Sep 08

Aug 25, 2016

H/t reader squodgy:

“I counted 38 homeless in roughly one click down 1st Street Miami.

Definitely being ignored.

In UK they are MICROWAVED to make them feel uncomfortable & move on.

The irony is MICROWAVING was used by US Military to kill the anti Cruise Missile Campaigners at RAF Greenham Common 30 years ago.”

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Sep 08

Executive Order 13603


Aug 25, 2016

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Sep 08

Martin Armstrong Explains Why “2017 Is The Threshold To Chaos”

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Sep 07

H/t reader squodgy:

“A very positive look at what we should expect with a collapsing economy and how to approach it positively…..”


07.09.2016

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Sep 07

“It’s Worse Than The Great Depression” – One In Six Prime-Aged Men Has No Job:

While Obama has repeatedly touted the sub-5.0% unemployment rate (4.9% most recently) as confirmation his “economic recovery” has been successful, what has received far less media attention has been the unprecedented surge in Americans no longer in the labor force, which as of August stood at a near-record 94.4 million.

And while the traditional response by economic apolists and the media has been that this number is the result of a demographic change in US society, with mostly older workers no longer in the labor pool, we have over the years argued that that is misleading, and that millions of prime-aged workers have fallen out as a result of drastic changes to America’s job market, coupled with structural lack of demand for legacy jobs, which has – for example – sent the number of employed waiters and bartenders to all time highs even as the number of manufacturing workers is lower than it was in December 2014.

mfg-vs-waiter-august-2016

Overnight, NPR confirmed precisely what we have claimed for so long, when it said that while the nation’s unemployment rate is half of what it was at the height of the Great Recession: saying that the unempoyment number “hides a big problem: Millions of men in their prime working years have dropped out of the workforce — meaning they aren’t working or even looking for a job.

Citing a recent report by Obama’s Council of Economic Advisors, NPR notes that 83% of men in the prime working ages of 25-54 who were not in the labor force had not worked in the previous year. So, essentially, 10 million men are missing from the workforce. Continue reading »

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Sep 07

Negative Rates & The War On Cash, Part 2: “Closing The Escape Routes”:

Submitted by Nicole Foss via The Automatic Earth blog,

Part 1 Here.

History teaches us that central authorities dislike escape routes, at least for the majority, and are therefore prone to closing them, so that control of a limited money supply can remain in the hands of the very few. In the 1930s, gold was the escape route, so gold was confiscated. As Alan Greenspan wrote in 1966:

In the absence of the gold standard, there is no way to protect savings from confiscation through monetary inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods.

The existence of escape routes for capital preservation undermines the viability of the banking system, which is already over-extended, over-leveraged and extremely fragile. This time cash serves that role:

Ironically, though the paper money standard that replaced the gold standard was originally meant to empower governments, it now seems that paper money is perceived as an obstacle to unlimited government power….While paper money isn’t as big impediment to government power as the gold standard was, it is nevertheless an impediment compared to a society with only electronic money. Because of this, the more ardent statists favor the abolition of paper money and a monetary system with only electronic money and electronic payments.

We can therefore expect cash to be increasingly disparaged in order to justify its intended elimination:

Continue reading »

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Sep 06

Prepare for the coming crash. (It could already happen this month.)


bettingnew

Betting on Crazylegs in the Final Race:

Since the early 2000s, I’ve been describing a coming economic depression that will dwarf the one that began in 1929. But this is by no means guesswork or crystal ball gazing. Whenever a country (or countries) creates debt that is beyond the level that they can ever repay, an economic collapse is a near-certainty. Today, many jurisdictions, particularly, the US, EU, UK, Canada, etc. have created debt that is far beyond anything the world has ever seen. This assures us that the corresponding collapse will be of epic proportions.

Of course, I’m frequently asked, “When will it happen?” This is all but impossible to predict, but to be perfectly honest, back around 2006, I was guessing, “probably by 2012.” Although I predicted the minor crash of 2008, I felt that the bigger jolt that’s still coming would have been on our doorstep by now. Again, it’s not all that hard to predict the events if you do your homework, but predicting the timing is another matter.

However, I’ve continued to repeat my general principle that when an economic unraveling of major proportions is coming, significant events increase in frequency and severity. Continue reading »

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Sep 05


Obama Delivers On Vow To “Bankrupt” Coal Industry – Chart Of Mining Job Losses Is Staggering:

Turns out politicians do occasionally keep their promises.  For example, in 2008 Obama vowed to “bankrupt” the coal industry by imposing massive fines on greenhouse gas emissions. Obama made the following comment to the San Francisco Chronicle in 2008:

So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them, because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted,”

In fact, six of America’s largest public coal mining companies, including Walter Energy, James River, Patriot Coal, Alpha Natural Resources, Arch Coal and Peabody Energy have all filed for bankruptcy over the past 2 years destroying billions in shareholder value and leaving 1,000s of people unemployed in Kentucky, West Virginia, Ohio and Pennsylvania.  Continue reading »

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