Aug 14

H/t reader M.G.:

“A WSJ article about the contracting economy in Japan. It addresses everything but the truth………how can these writer lie so?
How do they keep their jobs? Or, perhaps this is how they do keep their jobs, lie…….”

Yes, they have to lie all of time to keep their jobs. Maybe I should better say that the truth is getting edited out all of the time and those journalists that don’t like it that way and do something about it can look for another job (other than being a journalist, because no other paper will employ them ever again).

This is a fact and has been exposed by many journalists from all around the world.

Were it not for Fukushima, Shinzo Abe would be destroying Japan single-handedly.

Japan is totally finished on so many levels it’s hard to believe.


Shinzo Abe

- Japan’s Economy Contracts Sharply (Wall Street Journal, Aug 12, 2014):

Households Cut Spending After Sales-Tax Increase in April

TOKYO—Japan’s economy contracted sharply in the second quarter after a sales-tax increase in April sent household spending tumbling, which economists said could pressure the government to take additional stimulus measures.

Real gross domestic product, the total value of all goods and services produced in the economy, shrank 6.8% in the three months through June on an annualized basis from the prior quarter. Continue reading »

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Aug 14

- Cry for Argentina: Fiscal Mismanagement, Odious Debt or Pillage? (Washington’s Blog, Aug 13, 2014):

Argentina has now taken the US to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt. Better yet would be a sustainable global monetary scheme that avoids the need for sovereign bankruptcy.

Argentina was the richest country in Latin America before decades of neoliberal and IMF-imposed economic policies drowned it in debt. A severe crisis in 2001 plunged it into the largest sovereign debt default in history. In 2005, it renegotiated its debt with most of its creditors at a 70% “haircut.” But the opportunist “vulture funds,” which had bought Argentine debt at distressed prices, held out for 100 cents on the dollar. Continue reading »

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Aug 14

- The Roots of the Iraq and Syria Wars Go Back More than 60 Years (Washington’s Blog, Aug 13, 2014):

It’s Always Been about Oil and Pipelines

The same issues which drove war and terrorism in the Middle East in the 1930s and 1940s are still driving it today

The best way to see this is to start with today, and work backwards …

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Aug 14

- Job = Just Over Broke (Economic Collapse, Aug 12, 2014)

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Aug 13

- China Begins Direct Sales Of Fruit & Vegetables To Russia (ZeroHedge, Aug 12, 2014):

Despite the ongoing mainstream media meme that Russia is becoming ‘isolated‘ from the rest of the world thanks to Western sanctions, it appears they have found a few new ‘old’ friends to become un-isolated with. On the heels of Russia’s food-import-ban sanctions last week, Russian and Chinese officials have announced an agreement that China will start selling fruit and vegetables directly to Russia via a special logistics center in Russia’s far east. Notably, this week saw Russia’s GDP beat consensus expectations, Ruble rally, and stocks jump as German confidence plunged – can you say blowback?

As RT reports, Continue reading »

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Aug 13

- France’s ‘Recovery’ In 1 Hard-To-Believe Chart (ZeroHedge, Aug 12, 2014):

With French government bonds trading at record low yields under 1.5%, it is hard to argue that the troubled socialist nation is ‘priced’ for either recovery or credit risk… but then again, thanks to Draghi’s promise and domestic banks’ largesse, none of that matters. With joblessness at record highs, the following chart of France’s “recovery” shows near-record high bankruptcies and record-low profitability. Oh the beauty of socialism…as Europe’s core diverges dramatically.

“Recovery”?

20140812_france2

*  *  *

The widening popularity gap between Angela Merkel of Germany and Francois Hollande of France reflects the countries’ diverging economic performances.

Continue reading »

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Aug 13

- Here Is The Average Cost To Rent A 2-Bedroom Apartment In Your City (ZeroHedge, Aug 12, 2014):

With record rental expenses already forcing millions of Americans to have far less disposable income for everything else once the monthly bill for the roof above one’s head is paid, here is a breakdown of 25 selected US metropolitan areas, ranked from most to least expensive, how much it costs to rent a two-bedroom apartment (one can only assume the $1,440 price listed for New York is based on some non-GAAP, magical numbers that exclude reality).

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Aug 12

- Ferguson, St.Louis Violence Continues: Protesters Warn “The Revolution Won’t Be Televised” (ZeroHedge, Aug 11, 2014):

A day of protests and vigils Sunday over the death of Michael Brown, a black teenager who was killed (allegedly shot 8 times) following an altercation with a Ferguson police officer, turned violent overnight with reports of riots and looting… and the violence is continuing today. As the following images suggest, there was a lot more bubbling under the surface of middle America than concern about one young man’s death as Ferguson’s full SWAT team is in force. As one young protester screamed, “the revolution will not be televised.”

 

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Aug 12

- US Postal Service: Over $47 Billion In Losses In The Past Decade And Counting(ZeroHedge, Aug 11, 2014):

Curious what pure, unadulterated government efficiency in practice, if not in theory, looks like? Then the following chart of USPS operating profits, pardon, losses over the past decade should be sufficient. The punchline: having generated revenues of nearly $700 billion in the past 40 quarters, the USPS has been bleeding red ink more or less consistently since 2006, and has now generated just over $47 billion in operating losses over the past ten years.

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Aug 12

H/t Reader squodgy:

“As I recall the UN is funded by the Rockefeller Foundation, as is the CFR.

David Rockefeller presides with others at the annual gathering of elite at the Bilderburg coven.

David Rockefeller’s Texaco/Chevron destroyed the jungles of Ecuador…”

Donny Rico & Chevron make it a crime to defend the environment.

Jan 20, 2014 Amazon Watch teams up with Pulitzer Prize winner Mark Fiore once again!

Predominantly zionists,

Here is another zionist about to rape another pristine part of the home of the Mountain Gorilla.”

- Israeli billionaire finds 3 bln barrels of oil in Congo (Reuters, Aug 7, 2014):

* Find on similar scale to UK, South Sudan oil reserves

* Oil of DRCongo says oil can boost GDP by 25 pct

* Campaigners say Gertler has made huge profits in Congo (Adds industry comment, further explanation in paragraph 3)

KINSHASA – An oil company owned by Israeli billionaire Dan Gertler said on Thursday it had discovered around 3 billion barrels of oil in the Democratic Republic of Congo, an amount similar to the proven reserves of oil producers Britain and South Sudan. Continue reading »

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Aug 12

ron-paul-weekly

- US Sanctions on Russia May Sink the Dollar (Ron Paul Institute, Aug 10, 2014):

The US government’s decision to apply more sanctions on Russia is a grave mistake and will only escalate an already tense situation, ultimately harming the US economy itself. While the effect of sanctions on the dollar may not be appreciated in the short term, in the long run these sanctions are just another step toward the dollar’s eventual demise as the world’s reserve currency. Continue reading »

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Aug 12

It Is All About The Money

- It’s about the Money, Not the Climate (Ice Age Now, Aug 08, 2014):

“When you hear the President or a member of Congress talk about the climate, they are really talking about the scheme to generate revenue from it through taxation…” – Alan Caruba


Oscar Wilde (1854-1900), the Irish poet and dramatist, wrote “Pray don’t talk to me about the weather. Whenever people talk to me about the weather, I always feel quite certain that they mean something else.”

These days, when some world leader or politician speaks of the climate—the weather is what is happening right now wherever you are—they are not talking about sunshine or rain. They are talking about a devilishly obscene way of raising money by claiming that it is humans that are threatening the climate with everything they do, from turning on the lights to driving anywhere.

If the history of ice ages is any guide, we could literally be on the cusp of a new one. Continue reading »

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Aug 12

- Sanctions bite-back: Bickering, EU infighting over Russia retaliation (RT, Aug 11, 2014):

There is growing dissent in the EU over policies that led to a de fact trade war with Russia. Meanwhile the countries not toeing the line are reaping the benefits, irritating those who jumped on the sanctions bandwagon.

Greek members of the European Parliament demanded Sunday that the EU cancel sanctions against Russia. MEPs Kostantinos Papadakis and Sotiris Zarianopoulos said in a letter to some senior EU officials that Russia’s ban on food import from the EU, which was Moscow’s response to anti-Russian sanctions, was ruinous to Greek agriculture.“Thousands of small- and middle-sized Greek farms producing fruit and vegetables and selling them primarily to the Russian market have been hit hard now as their unsold products are now rotting at warehouses,” the letter said. Continue reading »

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Aug 12

- Ukraine Currency Plunges To Record Low: US Taxpayer To The Rescue? (ZeroHedge, Aug 11, 2014)

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Aug 11

From the interview:

Stockman:  Train wreck is a pretty good term to describe what is coming.  But this train wreck isn’t simply going to hit a wall out of the blue. Actually, it has been forming and accumulating and expanding for many years now, and yet it has simply been ignored, particularly by the financial markets which have ridden this bubble to these extreme and historic heights.

But when you take the balance sheet of the Fed from $900 billion to $4.5 trillion in less than 70 months, and when that pattern is replicated around the world, that is a train wreck in slow motion.  The only issue is, when does it hit the wall?  The answer to that question is it’s not very far down the road, and I can promise you that is when all hell is going to break loose.”


- David Stockman Interview On Today’s Turbulent Financial Markets: “Stay Out Of Harm’s Way” (David Stockman’s Contra Corner, Aug 10, 2014):

Eric King:  “David, the man who is counsel to big money around the world, Michael Belkin, just spoke with KWN and issued a dire warning for the financial markets.  I just wondered how you see things at this point with the Dow recently tumbling and everything that is happening across the globe?  What should we expect?” Continue reading »

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Aug 11

FYI.


Iraq3

- America’s Secret Civil War (Veterans Today, Aug 10, 2014):

A Secret American Civil War is now being waged as Terrorist Proxy-Wars in Syria, the Ukraine and Afghanistan.

 This is a remote civil war with the “Aggressors” being Mind-kontrolled Mercenary Zombies fighting on behalf of the City of London (COL) Rothschild World Zionists (WZs), Israeli’s Leaders, Saudi Arabia and Bush Crime Cabal lackeys still deeply embedded inside the Secret Shadow Government (SSG aka the US Privatized Defense establishment).

And on the other side, best viewed as the “Defenders” which are now counter-attacking in Iraq, is the USG on behalf of the current Administration who have been playing along at times but are now directly bucking the City of London and Israeli WZs and the Bush Crime Cabal (BCC).(1)

The reason the US Administration has ordered an attack on ISIS in Iraq when they did nothing for so long? Because the ISIS made the mistake of attacking Kurdistan which has been a very strong secret Allie of the US Administration. It seems clear that this is a line that even President Obama will not allow ISIS to cross. Continue reading »

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Aug 11

FYI.


- HSBC targets account of Syrian refugees in the UK (RT, Aug 8, 2014):

Banking giant HSBC has been accused of “shamelessly profiling” its customers after it closed bank accounts belonging to Syrian refugees and students in the UK.

Despite cracking down on its customers with even the most flimsy connection to Islam, HSBC itself has been linked to terrorism financing, including Hezbollah and 9/11 and the laundering of billions of dollars by Latin American drug cartels.

HSBC, branding itself as “the world’s local bank,” is increasingly being accused of Islamophobia, after it emerged that the bank is closing accounts of Syrian nationals in the UK. The move comes shortly after the global banking giant closed the accounts of high-profile UK-based Muslim groups. Continue reading »

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Aug 10

USD-burning

- De-Dollarization Accelerates – China/Russia Complete Currency Swap Agreement (ZeroHedge, Aug 9, 2014):

The last 3 months have seen Russia’s “de-dollarization” plans accelerate. First Gazprom clients shift to Euros and Renminbi, then the UK signs currency swap agreements with China, then NATO ally Turkey cuts ties and mulls de-dollarization, Switzerland jumps in the currency swap agreements, and BRICS create their own non-US-based funding vehicle, and then finally this week, Russia’s oligarchs have shifted cash holdings to Hong Kong. But this week, as RT reports, Russian and Chinese central banks have agreed a draft currency swap agreement, which will allow them to increase trade in domestic currencies and cut the dependence on the US dollar in bilateral payments. ““The agreement will stimulate further development of direct trade in yuan and rubles on the domestic foreign exchange markets of Russia and China,” the Russian regulator said.

As RT reports, Continue reading »

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Aug 10

- US refuses to recognize UN court jurisdiction on Argentina’s debt (RT, Aug 9, 2014):

Washington has refused to allow the UN International Court of Justice (IJC) to hear Argentina’s claims that US court decisions on the country’s debt have violated Argentina’s sovereignty.

“We do not view the ICJ as an appropriate venue for addressing Argentina’s debt issues, and we continue to urge Argentina to engage with its creditors to resolve remaining issues with bondholders,” the US State Department told Reuters in an email.

The State Department sent an email with the same content to one of Argentina’s leading newspapers, the Clarin. Continue reading »

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Aug 10

- Robots Will Create ‘Permanently Unemployable Underclass’ (International Business Times, Aug 7, 2014):

The advancement of robots that can do our jobs for us will create a class-divide not seen since the 19thcentury, a report by the Pew Research Centre in America has found.

As machines have continued to displace factory workers, personal assistants and receptionists over the last decade, advanced countries must adapt their education systems to turn average students into exceptional ones who can outperform a robot, sociologists told Pew. Continue reading »

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Aug 10

-. ExxonMobil, Rosneft start joint Arctic drilling in defiance of sanctions (RT, Aug 9, 2014)

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Aug 10

- First BRICS Bank, Now BRICS Food Bank (ZeroHedge, Aug 7, 2014):

Despite President Obama’s dictating that Russia is increasingly “isolated,” it appears they have found a whole new set of friends to play with in the global trade sandpit. In retaliation to Western sanctions, Putin yesterday unveiled a total food import ban from all sanctioning nations, and, just as the BRICS created their own ‘IMF-lite’ away from Washington’s prying eyes, Russia plans to substitute banned goods with not just domestic supplies but imports from Latin America, China, and several other nations. Agriculture Minister Nikolai Fedorov said “no food shortages are expected,” but more isolation for the West…

Russia is already turning away trucks at the border and cancelling orders (as FruitNet reports) Continue reading »

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Aug 10

- Minimum-Wage Hikers Worst Enemy Spotted In China (ZeroHedge, Aug 7, 2014)

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Aug 09

- This Is How Putin’s Advisor Sees The Ukraine Crisis Playing Out  (ZeroHedge, Aug 8, 2014):

Vladimir Putin’s chief “integration” advisor, Sergei Glazyev, has been regularly featured on these pages in the past (see Putin Advisor Threatens With Dumping US Treasurys, Abandoning Dollar If US Proceeds With Sanctions and Putin Advisor Proposes “Anti-Dollar Alliance” To Halt US Aggression Abroad for two examples). So now that the Ukraine situation has once again escalated, this time with both sides openly engaged in trade war and many suggesting all-out war just over the horizon, how does Putin’s advisor see the Ukraine conflict playing out?

For the answer we go to Bloomberg: Continue reading »

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Aug 09

- German Handelsblatt Releases Stunning Anti-West Op-Ed, Asks If “West Rabble-Rousers Are On The Payroll Of The KGB” (ZeroHedge, Aug 8, 2014):

Up until this point Angela Merkel, and German media in general, had been staunchly on the side of the west when it comes to dealing with Russia, Putin and realpolitik in broader terms. That changed dramatically today when Gabor Steingart, the chief editor of Handelsblatt, Germany’s leading economic newspaper, came out with a stunning op-ed, in German, English and Russian, titled simply that “The West on the wrong path” in which the editor comes out very vocally against the autopilot mode German media has been on for the past several months and calls for an end to a strategy of sanctions and Russian confrontation that ultimately “harms German interests” and is a dead end.

Some of the “must read” excerpts: Continue reading »

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Aug 09

SUICIDE-GUN

- Ukraine Prepares To Impose Russian Gas Transit Ban, Commit Economic Suicide (ZeroHedge, Aug 8, 2014):

While Ukraine has long since ceased being a customer of Gazprom (for the simple reason being that it can’t afford to pay for historical gas purchases let alone future ones, and with a long cold winter just 3 months ahead, Kiev is praying that its brand new Western “allies” will give it the loans it needs to buy Europe-sourced gas), the bulk of Russia-sourced gas into Europe still transits through Ukraine.

russian gas ban

Not surprisingly, Ukraine correctly understands this is the last trump card it has in any negotiation with the west, or the east. It is this trump card that went into play moments ago when Ukraine’s Prime Minister who recently resigned and whose resignation was not accepted, said that Ukraine is considering banning the transit of all Russian “energy resources”, i.e. European gas.

More:

Ukraine ready to impose sanctions against any transit via its territory, including air flights and gas supplies to Europe, Prime Minister Arseniy Yatsenyuk said Friday. Ukraine’s Parliament will vote on the sanctions on Tuesday. Kiev has also prepared a list of 172 Russian citizens and 65 companies predominantly Russian to put under sanctions for “sponsoring terrorism, supporting the annexation of Crimea, and violating the territorial integrity of Ukraine,” Yatsenyuk said at a briefing on Friday. Continue reading »

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Aug 09

- Follow The Money – Ebola, Crisis of Opportunity (The Daily Coin, Aug 7, 2014):

We have all been watching the unfolding story of ebola and how it is creating concern on a global scale. What if it were merely an attempt to push a new drug to generate millions of dollars for the global elite and the medical industrial complex? What if I told you 122,000 people died from measles in 2012 without so much as a whimper from either the alternative media or the mainstream media?

A few days ago one of the people that I work with ask me what was going on with ebola, as he knows that I operate The Daily Coin and am a daily contributor at SGT Report. When I explained that we were following, at that time, the latest story of ebola coming to America he stopped me and gave me the governments typical, tyrannical game-plan – problem, reaction, solution. Let’s look at the ebola “pandemic” from a different perspective. Continue reading »

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Aug 09

- The “Recovery” In One Chart: When Americans Can’t Even Afford To Buy McDonalds For 9 Months In A Row (ZeroHedge, Aug 8, 2014):

There is endless propaganda… and then there are McDonalds sales.

It is the latter that is by far the best indicator of how the US economy is progressing when stripped of all the bullshit seasonal adjustments, rhetoric and lies from the administration which focus on what is a glowing recovery, for the 1%. As for everyone else, they can’t even afford a dollar meal.

The proof? McDonalds same store sales for the last month, July, cratered by 2.5%, far worse than the 1.1% expected driven by a 7.3% collapse in Asian sales, but the number we focus on, US comp store sales, was a devastating 3.2%, on par with the worst decline in history, and the 9th consecutive month in which McDonalds has not posted an increase in US same store sales.

Here is your recovery:

MCD US same store sales

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Aug 09

- You wanna be Uncle Sam’s bitch? Pay the price! (The Vineyard of the Saker, Aug 7, 2014)

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Aug 08

- Russia’s import ban means big business for Latin America (RT, Aug 7, 2014):

Russia’s 1-year ban on food products from the EU, US, Canada, and Norway will force Russia to increase food imports from Latin America, specifically Ecuador, Brazil, Chile, and Argentina.

Russia will ban meat, dairy, fruit, and vegetable imports from countries that have imposed sanctions on Russia over the Ukraine conflict, which opens the door to Russia’s partners on the other side of the world.

Russia will have to fill an 8 percent gap in its total agricultural imports that it sources from the EU, USA, Canada, Australia, and Norway. The Netherlands, Germany, and Poland are currently Russia’s biggest food suppliers in the EU. Continue reading »

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