Depression: 33% Of Americans Out Of Workforce

The number of Americans aged 16 and older not participating in the labor force hit 92,898,000 in February, tying December’s record, according to data released by the Bureau of Labor Statistics (BLS).

Over the longer trend, the labor force participation rate was between 62.9 percent and 62.7 percent from April 2014 through February, and has been hovering around 62.9 percent or lower in 13 of the 17 months since October 2013, the BLS data revealed.

To put it another way, when President Obama took office in January 2009, there were 80,529,000 Americans who were not participating in the workforce, which means that 12,369,000 US citizens have left the workforce since then.

The number of Americans out of the workforce jumped by 354,000 last month.

The last time the labor participation rate dropped below 63 percent was 37 years ago, in March 1978 when it was 62.8 percent….

American Made Products Directory Available

The American Made Products Directory is sorted by categories of products that are Made in the USA. You can view the listings online and click on one of the many categories. If you are not sure of the correct category we also have items listed alphabetically as well as a search box. If you know of a great company that should be listed here please use the product submit link near the top of the page.

We have worked for years to put together this extensive listing of products made in the USA. Nearly all of the listing on our site are provided at no cost to the company. We also take advertising from companies that are passionate about American made items.

Many of the companies listed in our directory feel American people come above profits at any cost as so many corporations practice today. We have heard from many of the companies on our site that passed up higher margins to keep production here in America.

They often state keeping their manufacturing in the USA allows them much great quality control, lower product to market cost, a much lower carbon foot print and of course jobs for

Americans. Some say you pay more for American Made items and maybe you will, however in the long run you will almost certainly have a better made item made in an labor friendly fashion under environmental laws that protect us all. Most foreign factories operate in ways that would be illegal in the United States.

See the listings….

From AmericaWorking.com –

How much of the US does China own?

China owns around 1.3 trillion dollars of the United States’ debt, but recently Chinese nationals have been heavily investing in different sectors of US economy. So, how much of the US does China own?

As Forbes reported, “China’s Vice President Xi Jinping has at least one good sales pitch to offer Americans during his five day stay; to rebuild old infrastructure.” And talk about outsourcing. At a sprawling manufacturing complex, hundreds of Chinese laborers built the San Francisco-Oakland Bay Bridge.

By Investment Watch Blog –

General Douglas MacArthur’s Prophetic Warning to the American People

“The fundamental and ultimate issue at stake is liberty, itself—liberty verses the creeping socialization in every domestic field. Freedom to live under the minimum of restraint! A least common denominator of mediocrity against the proven progress of pioneering individualism! The free enterprise system or the cult of conformity! The result will determine the future of civilization. It will be felt on every human life. It will be etched in blazing rainbow colors on the very arch of the sky.” – General Douglas MacArthur –

Love him or hate him, the indomitable General of the Army, Douglas MacArthur (1880-1964), an indelible military genius, was a great American—perhaps one of the greatest. He was a patriot, a warrior, a statesman, a rebel, a leader, a brilliant commander, and a poet who never minced words nor failed to accomplish the mission at hand. He excelled at everything he put his hand to, and set the bar high and lofty for all men and women who are desirous to be actively engaged in the animating contest of Freedom. MacArthur lived in tumultuous times and presided over great struggles and battles fought for reasons up to and including the preservation of Liberty in every clime and place.

“You couldn’t shrug your shoulders at Douglas MacArthur,” observed historian David McCullough. “There was nothing bland about him, nothing passive about him, nothing dull about him. There’s no question about his patriotism, there’s no question about his courage, and there’s no question, it seems to me, about his importance as one of the protagonists of the 20th century.”

Once again, our nation and world finds ourselves on the brink of regional and global war and conflict which defined MacArthur’s time—the pre-staging of a third global conflagration with its preceding economic sanctions, currency wars and monetary realignments. With that in mind, the words in his farewell memoir could have been written today, because if you study the cycles of human nature, sociology, economics, weather, solar activity, civil unrest and war, history not only repeats itself, but also rhymes.

“There is no present or future—only the past,” wrote Eugene O’Neill, in A Moon for the Misbegotten, (1952), “happening over and over again…” And so it is in our day likewise recurring, the age-old cycles of plenty-to-poverty, peace-to-war, of which King Solomon hinted at in Ecclesiastes 1:9, “The thing that hath been, it is that which shall be; and that which is done is that which shall be done: and there is no new thing under the sun.”

Written in his own hand and finished only weeks before his death, General Douglas MacArthur’s memoir, Reminiscences (1964), spans more than half a century of modern history. The following excerpt is, in my opinion, the most important words he ever penned and at the same time the greatest warning he ever recorded on behalf of the benefit of the American people and our posterity regarding what he came to acknowledge as the treacherous domestic threat infiltrating our American way of life—a warning which has all but fallen on deaf ears.

I’ll let his own words speak for themselves….

By Timothy A. Pope – A Nation Beguiled –

National Debt to Hit $19.1 Trillion Under Obama

The Congressional Budget Office is predicting that the national debt will rise by a bit more than half a trillion dollars for the next two years, which will leave the nation with a $19.1 trillion debt by the time President Barack Obama leaves office.

That would be close to a doubling of the debt under Obama — the total national debt was $10.6 trillion when he took office in 2009, and now sits at nearly $18.1 trillion.

CBO released its latest budget and economic outlook on Monday, which also predicts that the annual budget deficit will be relatively steady through 2018….

Through 2018, the budget deficit will remain at around $500 to $600 billion a year, or about 2.5 percent of the gross domestic product of the United States. After 2018, however, the budget deficit will rise past 3 percent of GDP, and then hit 4 percent of GDP by 2025.

By 2025, those accumulated annual budget deficits will bring total national debt to an estimated $27.3 trillion without any changes to the law.

Obama has boasted about the shrinking of the budget deficit from the more than $1 trillion seen in the first four years of his presidency. But even with that reduction, budget deficits under Obama are on track to stay higher than the highest deficit seen under President George W. Bush.

CBO’s assumptions are based on relatively rosy scenarios that would be easily upended by another economic downturn. For example, CBO predicts 2.9 percent growth in 2015 and 2016, followed by 2.5 percent growth in 2017. It predicts an average of 2.1 percent growth from 2018-2019 and 2020-2025….

By 2025, CBO expects federal revenues to jump $2 trillion from their 2014 levels, and that the government will take in $5 trillion that year.

In terms of spending, CBO thinks the government will be spending $6.1 trillion per year in 2025, or $2.6 trillion more than it spent in 2014….

CBO estimates that by 2016, total debt held by the public will be $13.9 trillion, which implies intragovernmental holdings of about $5.2 trillion. Debt held by the public in 2025 will hit $21.6 trillion, according to CBO.

By Pete Kasperowicz – The Blaze –

CAFR & a Challenge for You

On the syndicated news today they are pitching imposing a tax on e-cigarettes.

The politician that introduced the bill justifies the new proposed tax with one and one only statement:

“If we do not tax e-cigarettes, where else will we get the money we need from?”

I have heard the same blanket comment over and over again per raising taxes for the last 40-years.

That comment made by a politician to the public is the biggest insult that can be rendered per directly calling the listeners “useful idiots” when it comes down to the reality of government’s gross income from the many sources of: Tax, Investment, Enterprise, etc.

Government’s gross income is obscene and has expanded exponentially each and every year through depending on the population being masterfully entertained while being spoon fed with blatant “selective presentation” with the contrived comment of: “where are we going to get the money from?”

A good and clear analogy per the same would be; A politician sitting in a row-boat in the middle of the ocean who says: “Where am I going to find salt water?” said with an overtone as if it were a genuine question, and depending on the listener’s ignorance not to see the ocean surrounding the row-boat..

Here is a link with instructions to view and download many local governments’ Comprehensive Annual Financial Reports that I sent out in a previous post to the CAFR1 national email list last week:

http://www.gfoa.net/cafrwinners/2013/index.html (**To get the CAFR download listing for each local government entity – Click on the “Winners List by Agency Type” in the centered blue boxes)

That link with the Click on instruction followed by you will list about 3000+ local government CAFRs for downloading, view, and review. All categorized by local government type and alphabetically listed by each state….

By Walter Burien – CAFR1.com –

Fourth Turning – The Shadow Of Crisis Has Not Passed

When you accept the fact history is cyclical and continuous linear progress is not what transpires in the real world, you free yourself from the mental debilitation of normalcy bias and cognitive dissonance. Things do get worse. There are dark periods of history and they recur on a regular cycle. And we are in the midst of one of those dark periods. This Crisis will not be resolved without much pain, sacrifice, bloodshed, and ultimately war. Catastrophe is a strong possibility. The core elements of this Crisis – debt, civic decay, global disorder – are coalescing into a perfect storm which will rage for the next ten to fifteen years. The rhythms of history only provide a guidepost of timing, while the specific events and outcomes are unknowable in advance. The regeneracy of society into a cohesive, unified community, supporting the government in a collective effort to solve society’s most fundamental problems seems to have been delayed. Or has it?

Maybe the answer can be found in the resolution of the last Fourth Turning. The seeds of the next crisis are always planted during the climax of the previous crisis, when the new social order is established. The American Revolution Crisis created a new nation, but left unresolved the issue of slavery. This seed grew to become the catalyst for the Civil War Crisis. The resolution of the Civil War Crisis greatly enhanced the power of the central government, while reducing the influence of the States. The rise of central authority led to the creation of the Federal Reserve, the implementation of income taxes to fund a vastly larger Federal government and the belief among the political class that America should intervene militarily in the affairs of other countries. The Great Depression was created by the monetary policies of the Federal Reserve; the New Deal programs were a further expansion of Federal government; FDR outlawed the ownership of gold; and America’s subsequent involvement in World War II created a military and economic superpower.

After sixty-two years of ever increasing debt; ever increasing taxes to support an ever growing governmental bureaucracy; ever expanding laws, regulations, and rules; currency debasement by the Federal Reserve; complete abandonment of the gold standard; and never ending wars of choice around the world, the next Crisis grew and blossomed from the seeds planted during the previous Crisis. The New Deal social programs, along with the extension of the welfare state by LBJ and subsequent administrations, have swelled to unprecedented unsustainable levels with unfunded liabilities exceeding $200 trillion. The promises cannot be fulfilled. The $18 trillion national debt increases by $2.3 billion per day; $96 million per hour; $1.6 million per minute; $27,000 per second. Does that sound sustainable? The legacy media sycophants cheer when consumer debt outstanding surges past $3.3 trillion, as their warped worldview applauds spending versus saving, consuming versus investing, and living for today rather than striving for a sustainable future.

The American people have lost their ability to think, reason, question, do math, control their urges, defer gratification, or realize when they are being lied to by the people they elected to public office. A culture of ignorance, celebration of the absurd, salutation of stupidity, honoring of the inane, being mesmerized by electronic gadgets, and satiating their egocentric shallow impulses on social media, is a sure recipe for societal collapse. Victory in World War II and becoming a modern day empire created the dynamic Eisenhower warned about. An immense military industrial complex has created enemies around the globe in order to keep the profits flowing in this welfare/warfare empire of debt. War is a racket for the rich. The peasants who buy into the incessant patriotic propaganda and volunteer are nothing but cannon fodder for the .1%. Keeping the masses fearful of phantom enemies and portraying foreign leaders as evil, is essential for the oligarchs to retain their wealth, power and control. Truth, facts, and long-term consequences are of no interest to the sociopaths running the show and pulling the levers. The dissent into darkness has been gradual and unnoticed by a purposefully distracted populace….

By Administrator of The Burning Platform –

Bankers Are Telling Us What Will Happen Next

Are we on the verge of a major worldwide economic downturn? Well, if recent warnings from prominent bankers all over the world are to be believed, that may be precisely what we are facing in the months ahead. As you will read about below, the big banks are warning that the price of oil could soon drop as low as 20 dollars a barrel, that a Greek exit from the eurozone could push the EUR/USD down to 0.90, and that the global economy could shrink by more than 2 trillion dollars in 2015. Most of the time, very few people ever actually read the things that the big banks write for their clients. But in recent months, a lot of these bankers are issuing such ominous warnings that you would think that they have started to write for The Economic Collapse Blog. Of course we have seen this happen before. Just before the financial crisis of 2008, a lot of people at the big banks started to get spooked, and now we are beginning to see an atmosphere of fear spread on Wall Street once again. Nobody is quite sure what is going to happen next, but an increasing number of experts are starting to agree that it won’t be good.

Let’s start with oil. Over the past couple of weeks, we have seen a nice rally for the price of oil. It has bounced back into the low 50s, which is still a catastrophically low level, but it has many hoping for a rebound to a range that will be healthy for the global economy.

Unfortunately, many of the experts at the big banks are now anticipating that the exact opposite will happen instead. For example, Citibank says that we could see the price of oil go as low as 20 dollars this year…

The recent rally in crude prices looks more like a head-fake than a sustainable turning point — The drop in US rig count, continuing cuts in upstream capex, the reading of technical charts, and investor short position-covering sustained the end-January 8.1% jump in Brent and 5.8% jump in WTI into the first week of February.

Short-term market factors are more bearish, pointing to more price pressure for the next couple of months and beyond — Not only is the market oversupplied, but the consequent inventory build looks likely to continue toward storage tank tops. As on-land storage fills and covers the carry of the monthly spreads at ~$0.75/bbl, the forward curve has to steepen to accommodate a monthly carry closer to $1.20, putting downward pressure on prompt prices. As floating storage reaches its limits, there should be downward price pressure to shut in production.

The oil market should bottom sometime between the end of Q1 and beginning of Q2 at a significantly lower price level in the $40 range — after which markets should start to balance, first with an end to inventory builds and later on with a period of sustained inventory draws. It’s impossible to call a bottom point, which could, as a result of oversupply and the economics of storage, fall well below $40 a barrel for WTI, perhaps as low as the $20 range for a while.

Even though rigs are shutting down at a pace that we have not seen since the last recession, overall global supply still significantly exceeds overall global demand. Barclays analyst Michael Cohen recently told CNBC that at this point the total amount of excess supply is still in the neighborhood of a million barrels per day…

“What we saw in the last couple weeks is rig count falling pretty precipitously by about 80 or 90 rigs per week, but we think there are more important things to be focused on and that rig count doesn’t tell the whole story.”

He expects to see some weakness going into….

In the end, a lot of these energy companies are going to go belly up if the price of oil does not rise significantly this year. And any financial institutions that are exposed to the debt of these companies or to energy derivatives will likely be in a great deal of distress as well.

Meanwhile, the overall global economy continues to slow down.

On Monday, we learned that the Baltic Dry Index has dropped to the lowest level ever. Not even during the darkest depths of the last recession did it drop this low.

And there are some at the big banks that are warning that this might just be the beginning. For instance, David Kostin of Goldman Sachs is projecting that sales growth for S&P 500 companies will be zero percent for all of 2015…

“Consensus now forecasts 0% S&P 500 sales growth in 2015 following a 5% cut in revenue forecasts since October. Low oil prices along with FX headwinds and pension charges have weighed on 4Q EPS results and expectations for 2015.”

Others are even more pessimistic than that. According to Bank of America, the global economy will actually shrink by 2.3 trillion dollars in 2015.

One thing that could greatly accelerate our economic problems is the crisis in Greece. If there is no compromise and a new Greek debt deal is not reached, there is a very real possibility that Greece could leave the eurozone.

If Greece does leave the eurozone, the continued existence of the monetary union will be thrown into doubt and the euro will utterly collapse.

Of course I am not the only one saying these things. Analysts at Morgan Stanley….

By Michael Snyder – The Economic Collapse –

Why We Got What We Got

“In politics, nothing happens by accident. If it happened, you can bet it was planned that way.” — Franklin Delano Roosevelt (Democrat) 32nd President of the USA: 1933 to 1945

“The government, which was designed for the people, has got into the hands of the bosses and their employers, the special interests. An invisible empire has been set up above the forms of democracy.” — Woodrow Wilson, (Progressive Movement Leader) 28th President of the USA: 1913 to 1921

“I am concerned for the security of our great Nation; not so much because of any threat from without, but because of the insidious forces working from within.” — Douglas MacArthur World War II American Five Star General

“I never would have agreed to the formulation of the Central Intelligence Agency back in forty-seven [1947], if I had known it would become the American Gestapo.” — Harry S. Truman, 33rd U.S. President: 1945 to 1953

“The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them.” — Patrick Henry, a Colonial era Patriot

“The individual is handicapped by coming face to face with a conspiracy so monstrous he cannot believe it exists.” — J. Edgar Hoover, Director of the FBI 1924 to 1972

“The real rulers of Washington are invisible and exercise power from behind the scenes.” — Felix Frankfurter, Supreme Court Justice 1939 to 1962

“Sarah, there’s a government inside the government and I don’t control it.” — Bill Clinton (Democrat) 42nd President of the USA: 1993 to 2001

“The age of nations must end. The governments of nations have decided to order their separate sovereignties into one government to which they will surrender their arms.” — U.N. World Constitution

“We shall have world government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.” — James Paul Warburg, German-born American banker and financial adviser to President FDR

“A colossal event is upon us, the birth of a New World Order.” — Brent Scowcroft, George H.W. Bush’s National Security Adviser

“In this new world economy, national boundaries are increasingly becoming obsolete.” — Ronald Reagan (Republican) 40th President of the USA: 1981 to 1989

“The main purpose of the Council on Foreign Relations is promoting the disarmament of U.S. sovereignty and national independence and submergence into an all-powerful, one world government.” — Admiral Chester Ward, Judge Advocate General of the U.S. Navy, also a 20-year CFR member, who became its sharpest critic

Who controls money controls the world.

“NAFTA is a major stepping stone to the New World Order.” — Henry Kissinger, a Republican politico

“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented.” — Sir Josiah Stamp 1920, Director of the Bank of England

“The one aim of these financiers is world control by the creation of inextinguishable debts.” — Henry Ford, Industrialist and founder of the Ford Motor Company

“The only winner today is big business.” — Stonewall Jackson, supposedly said the day of concession to the North during the Civil War….

It would seem that President Barack Obama is being saddled with venomous blame for the current state of affairs in the Unites States of America. And, that the Democratic Party is being blamed for everything that’s gone wrong. If you remember, Mr. Obama said it was all Bush’s fault! Well, this writer is here to propose that what’s been going on has been in the works for much longer than we know, as the apparent quotations from men in history have spoken to and which, apparently, has been ignored. Shame on us! I guess that’s what we get when we follow pop stars and TV sitcoms as more important than dirty politics, political shenanigans and spoon-fed, controlled media propaganda.

First, let me confess that I’m a registered Independent voter, who believes in being an equal-opportunity-critic to address whatever I think doesn’t pass constitutional muster.

It is my opinion that the current Democratic Obama administration is just the follow through on what’s been put into place shortly after the Kennedy assassination and, even more dramatically, since that fateful day known as 9-11 (2001).

Furthermore, it is my contention that things ramped up several critical notches when President Reagan took a bullet and lived. During that ‘national emergency’, Vice-President George H.W. Bush took over for several hours, during which I think the screws not only were set in place, but tightened to torque capacities for the incoming Agenda 21 that was being worked on under the radar….

Catherine J. Frompovich – Activist Post –

9 Warning Signs: The Coming Death Of Our Nation

Former British Prime Minister Winston Churchill once observed “the farther backwards you can look, the farther forward you are likely to see” and for those of us who ARE looking backwards at the histories of many fallen empires through time, it’s inevitable that we can come to only one conclusion: the United States has entered the end stages all empires go through.

In the brand new video below from E. A. Mourn we take a look at the 9 key warning signs that signal the fall of nations and can clearly see that, as most Christians understand, we have entered a time in history when our world has degraded to an evil place and we’re advised to heed the word of Paul in Philippians 4:13 who said “I can do all things through Christ who strengtheneth me.”

We see that America has now achieved all 9 key warning signs that signal our fall including: 1) The deterioration of our nation’s moral core; 2) Invasion from within; 3) Extreme dependence upon the government; 4) The demise of a once powerful military; 5) Economic collapse; 6) The state’s manipulation of religions; 7) Excessive taxation; 8) Extreme deviance and 9) Rampant government corruption.

By Live Free Or Die – All News Pipeline –

Preview Obama’s State of the Union Speech

From calls for more infrastructure spending to a free community college push to another tax hike scheme, the highlight reel from President Obama’s looming State of the Union address shows him charging into his final two years in office with little heed for the results of the midterms.

The Republican takeover of the Senate last November — and the party’s historic gains in the House — for a short time fueled speculation that the president might entertain a more conciliatory approach with Congress.

But within weeks, the president announced sweeping changes to immigration policy via executive action. Then, he vowed to veto a slew of bills from the new Congress, including one to undo those executive actions. And now, his State of the Union address leaves little doubt that Obama, as he told Senate Democrats last week, plans to play “offense” against the GOP-led Congress.

The latest plank of his 2015 agenda was unveiled Saturday night, and calls for more than $300 billion in new tax increases over the next 10 years, to pay for middle class tax credits and his community college plan, among other programs.

Already, Republicans are describing the plan as a “non-starter” with the new Congress….

From Fox News & Associated Press –

What’s really behind the steep drop in oil prices?

Gas prices have fallen far, and quickly. But don’t celebrate yet. It’s a manipulated price and behind the manipulation are some horrific trends.

Saudi Arabia’s producers can break even selling oil at $20 per barrel. Most others, like those in the USA, cannot. It is a price war closing wells.

By David Knight – Infowars.com –

27 Facts Show How Middle Class Has Fared Under Obama

During his State of the Union speech on Tuesday evening, Barack Obama is going to promise to make life better for middle class families. Of course he has also promised to do this during all of his other State of the Union addresses, but apparently he still believes that there are people out there that are buying what he is selling. Each January, he gets up there and tells us how the economy is “turning around” and to believe that much brighter days are right around the corner. And yet things just continue to get even worse for the middle class. The numbers that you are about to see will not be included in Obama’s State of the Union speech. They don’t fit the “narrative” that Obama is trying to sell to the American people. But all of these statistics are accurate. They paint a picture of a middle class that is dying. Yes, the decline of the U.S. middle class is a phenomenon that has been playing out for decades. But without a doubt, our troubles have accelerated during the Obama years. When it comes to economics, he is completely and utterly clueless, and the policies that he has implemented are eating away at the foundations of our economy like a cancer. The following are 27 facts that show how the middle class has fared under 6 years of Barack Obama…

#1 American families in the middle 20 percent of the income scale now earn less money than they did on the day when Barack Obama first entered the White House.

#2 American families in the middle 20 percent of the income scale have a lower net worth than they did on the day when Barack Obama first entered the White House.

#3 According to a Washington Post article published just a few days ago, more than 50 percent of the children in U.S. public schools now come from low income homes. This is the first time that this has happened in at least 50 years.

#4 According to a Census Bureau report that was recently released, 65 percent of all children in the United States are living in a home that receives some form of aid from the federal government.

#5 In 2008, the total number of business closures exceeded the total number of businesses being created for the first time ever, and that has continued to happen every single year since then.

By Michael Snyder – The Economic Collapse –

The US Retail Industry is Collapsing

Shopping malls across America are going to look a whole lot emptier soon. An exodus of giant retailers is beginning with the announcement of hundreds of store closures and thousands of people newly unemployed.

The first of January, I broke with my usual tradition and wrote not about positive resolutions, but about the impending rockslide of the US economy. And “rockslide” is an apt word: as one thing starts rolling down the mountain, it will pick up other things until a veritable avalanche of other businesses and people are affected and rolling pell-mell right alongside.

Last year, we saw announcements of the expected closure of some retail giants….

Unfortunately, it didn’t stop there. This morning, a World News Daily report announced:

Macy’s is closing 14 of its 790 stores across the country.

JCPenney is closing 39 of its stores and laying off 2,250 workers.

Sears has been around for 122 years, but it, too, is closing 235 under-performing stores.

C. Wonder, the preppy retailer, is going out of business, closing all 11 of its U.S. stores in the next few weeks.

Wet Seal is closing 338 retail stores while dealing with bankruptcy proceedings. Nearly 3,700 full- and part-time workers will be unemployed.

Aeropostale, suffering from declining sales, closed 75 stores during the holiday season, which runs from November through January. And in 2015, they expect to close an additional 50 to 75 stores.

RadioShack, which is negotiating with lenders to gain approval to shutter 1,100 stores, said last month that it closed 175 locations in 2014. (source)

Even holiday sales, normally high, plummeted this Christmas….

By Daisy Luther – FromTheTrenchesWorldReport.com

Oil prices sink further, dollar hit by wage data

Oil prices tumbled again Monday, while most Asian stock markets also retreated after a sell-off in New York at the end of last week in response to data showing weak US wage growth.

The news on wages, which overshadowed another forecast-beating rise in job creation, pushed the dollar down against the euro because it complicates the Federal Reserve’s plans to raise interest rates.

Sydney fell 0.78 percent, or 42.9 points, to close at 5,422.7 and Seoul closed 0.19 percent lower, or 3.75 points, at 1,920.95.

Shanghai — which has surged more than 50 percent over the past year — slipped 1.71 percent, or 56.09 points, to 3,229.32….

Crude prices have lost more than half their value since the middle of last year, with weakness in key markets China and the eurozone adding to the supply and demand crisis.

Wall Street provided a negative lead for stock markets after figures showed US wages grew 1.7 percent year-on-year in December, barely keeping up with inflation and indicating consumer spending power remained low….

Traders latched on to the data, ignoring the fact that unemployment fell to 5.6 percent, the lowest level in six and a half years, while 252,000 new posts were created in December to cap the best year for job creation since 1999.

“Despite the robust US jobs data, markets chose to focus on the weak wages growth and the likelihood that it will keep the Fed Reserve ‘patient’ about any rate hike,” United Overseas Bank said.

Economists took the report as allowing the Fed to delay raising interest rates. This dented speculation of an increase in April and made the dollar less attractive to investors.

“This tug of war between deflation and expectations of the first rate hike in many years by the US Fed is likely to result in intense volatility,” Nader Naeimi at AMP Capital Investors in Sydney, told Bloomberg TV….

From Yahoo News –

THE ECONOMY IS NOT RECOVERING

To look at data being released by the Lying Machine out in Washington, DC., specifically minions who work for the criminal impostor in the Red House (formerly known as the White House), one would think happy days are here again!

I know it’s tiresome and depressing to constantly read how bad things are economically in this country, but commerce runs the engine of our economy and our lives for it generates the income we all need to survive. It’s also confusing because one doesn’t know who or what to believe. However, is it not better to know the truth than to rely on an illusion? Truth from people who actually care what happens to we the people.

Intellectually lazy media hacks, some who actually pass themselves off as journalists, not only in the ‘mainstream’ media but also on cable networks are nothing more than good little toadies who prattle on about a growing economy without ever broaching the subject of the head of the beast, the privately owned “Federal” Reserve and what impact its had on our economy and daily lives for over 100 years. Oh, sure, once in a while one might see a headline about the “Fed” and raise a soft-ball question about how “they” manage our money and economy. But, for the most part, they simply stick to the script:

Everything Is Awesome! (Dec. 24, 2014): “Good news! The U.S. economy grew at a rollicking 5 percent rate in the third quarter. Oh, and it added 320,000 jobs in November, the best of its unprecedented 57 straight months of private-sector employment growth. Just in time for Christmas, the Dow just hit an all-time high and the uninsured rate is approaching an all-time low. Consumer confidence is soaring, inflation is low, gas prices are plunging, and the budget deficit is shrinking….

By Devvy Kidd – News With Views –

BIS UNDERMINES NATIONAL SOVEREIGNTY

“Big Brother” is the term used by George Orwell in his classic novel 1984 for the totalitarian state that would lock into place in the year of his title. Why he chose that particular year is unclear, but one theory is that he was echoing Jack London’s The Iron Heel, which chronicled the rise of an oligarchic tyranny in the United States. In London’s book, the oligarchy’s fictional wonder-city, fueled by oppressed workers, was to be completed by 1984. Orwell also echoed London’s imagery when he described the future under Big Brother as “a boot stamping on a human face – forever.” In Secret Records Revealed: The Men, the Money, and the Methods Behind the New World Order (1999), Dr. Dennis Cuddy asked:

“Could the ‘boot’ be the new eighteen-story Bank for International Settlements (BIS) which was completed in Basel, Switzerland, in 1977 in the shape of a boot, and became known as the‘Tower of Basel’?”

The boot-like shape of the building is strange enough to be thought-provoking (see photo), but more disturbing is the description by Dr. Carroll Quigley of the pivotal role assigned to the BIS in consolidating financial power into a few private hands. Professor Quigley, who was Bill Clinton’s mentor at Georgetown University, claimed to be an insider and evidently knew his subject. He wrote in Tragedy and Hope (1966):

“[T]he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.”

That helps explain the alarm bells that went off among BIS-watchers when the Bank was linked to the new Financial Stability Board (FSB) President Obama signed onto in April. When the G20 leaders met in London on April 2, 2009, they agreed to expand the powers of the old Financial Stability Forum (FSF) into this new Board. The FSF was set up in 1999 to serve in a merely advisory capacity by the G7 (a group of finance ministers formed from the seven major industrialized nations). The chair of the FSF was the General Manager of the BIS. The new FSB has been expanded to include all G20 members (19 nations plus the EU). The G20, formally called the “Group of Twenty Finance Ministers and Central Bank Governors,” was, like the G7, originally set up as a forum merely for cooperation and consultation on matters pertaining to the international financial system. But its new Financial Stability Board has real teeth, imposing “obligations” and “commitments” on its members.

By Ellen Brown – Web Of Debt –

IMF Now Ready To Slam The Door On The U.S. And The Dollar

As I write this, the news is saturated with stories of a hostage situation possibly involving Islamic militants in Sydney, Australia. Like many, I am concerned about the shockwave such an event will create through our sociopolitical structures. However, while most of the world will be distracted by the outcome of this crisis (for good or bad) for at least the week, I find I must concern myself with a far more important and dangerous situation.

Up to 40 people may be held by a supposed extremist in Sydney, but the entire world is currently being held hostage economically by international banks. This is the crisis no one in the mainstream is talking about, so alternative analysts must.

As I predicted last month in “We Have Just Witnessed The Last Gasp Of The Global Economy,” severe volatility is now returning to global markets after the pre-game 10 percent drop in equities in October hinted at what was to come.

We expected such destabilization after the wrap-up of the Fed taper, and the markets have not disappointed so far. My position has always been that the taper of QE3 made very little sense in terms of maintaining the manipulated illusion of economic health — unless, of course, the Federal Reserve was implementing the taper in preparation for a renewed financial catastrophe. That is to say, the central bankers have established the lie of American fiscal recovery and then separated themselves from blame for the implosion they KNOW is coming. If the markets were to collapse while stimulus is officially active, the tragedy would be forever a millstone on the necks of the banksters. And we can’t have that now, can we?

This is not to say that individual central banks and even currencies are not expendable in the grand scheme of things. In fact, the long-term goal of globalists has been to consolidate all currency systems and central banks under the outward control of the International Monetary Fund and the Bank Of International Settlements, as I outlined in “The Economic Endgame Explained.”

That particular article was only a summary of a dangerous trend I have been concerned about for years; namely the strategy by international financiers to create a dollar-collapse scenario that will be blamed on prepositioned scapegoats. I have no idea what form these scapegoats will take – there are simply too many possible triggers for fiscal calamity. What I do know, though, is the goal of the endgame: to remove the dollar’s world reserve status and to pressure the American people into conforming or even begging for centralized administration of our economy by the IMF.

The delusion perpetuated in the mainstream is that the IMF is a U.S.-dominated institution. I have outlined on many occasions why this is false. The IMF like all central banks is dominated by the international corporate banking cartel. Central banks are merely front organizations for globalists, and I am often reminded of the following quote from elitist insider Carroll Quigley when I hear people suggest that central banks are somehow independent from one another or that the Federal Reserve is itself the singular “source” of the world’s economic ills:

It must not be felt that these heads of the world’s chief central banks were themselves substantive powers in world finance. They were not. Rather, they were the technicians and agents of the dominant investment bankers of their own countries, who had raised them up and were perfectly capable of throwing them down.

The substantive financial powers of the world were in the hands of these investment bankers (also called “international” or “merchant” bankers) who remained largely behind the scenes in their own unincorporated private banks. These formed a system of international cooperation and national dominance which was more private, more powerful and more secret than that of their agents in the central banks.

No one can now argue against this reality after we have witnessed hard evidence of Goldman Sachs dictating Federal Reserve policy, as outlined here.

And, most recently, we now know that international bankers control political legislation as well, as Congress passed with little resistance a bill that negates the Frank-Dodd restrictions on derivatives and places the U.S. taxpayers and account holders on the hook for more than $303 trillion in toxic debt instruments. The bill is, for all intents and purposes, a “bail-in” measure in disguise. And it was pushed through with the direct influence of JPMorgan Chase CEO Jamie Dimon….

By Brandon Smith – Alt-Market.com –

Should You Believe What They Tell You, Or What You See?

Sometimes I wish I could just passively accept what my government monarchs and their mainstream media mouthpieces feed me on a daily basis. Why do I have to question everything I’m told?….

Sadly, I’m cursed with a mind that questions everything and trusts no one in authority or associated with the status quo. It’s the reason I don’t read newspapers or watch mainstream media television entertainment propaganda, disguised as news. It’s the reason I will never vote in a national election again. The lesser of two evils is still evil. I’m skeptical of every piece of data fed to the sheep by the government apparatchiks working for the state. The faux journalists being paid millions by one of the six corporations controlling the media and dependent upon the government, Wall Street bankers, and mega-corporations for their advertising revenues regurgitate whatever they are told by those pulling the purse strings. The mainstream media are nothing but propaganda peddlers for the Deep State and truth telling is prohibited in their world of deception, debt, and denial. Their job is to sustain, enhance, and further enrich the status quo by engineering consent through what they report and what they do not report. The true ruling powers who operate in the shadows behind the scenes are men of power, wealth, status and education who truly believe they are better equipped to consciously manage and manipulate the public mind to achieve their ends. They are disciples of the Edward Bernays School of deception, manipulation and propaganda.

The men pulling the strings behind the scenes are drunk with power and their hubris allows them to believe their own infallibility and blinds them to the dire consequences for our country when their debt Ponzi scheme fails. But, as we grow ever closer to the day of reckoning, they will use every means at their disposal to paint a positive picture, regardless of the facts and reality for the average person. The examples of twisting, distorting and outright lying about the economic reality of our times are endless. These are some of the major false storylines peddled by our benevolent corporate fascist leaders:

The BLS reported 321,000 jobs added in November and the unemployment rate at 5.8%. Jobs are plentiful, based upon these statistics.

A skeptical critical thinking individual might ask a few questions or point out a few inconvenient facts the government purveyors of propaganda might not want us to ponder:
•The non-manipulated, non-seasonally adjusted number of jobs in November FELL by 270,000. The BLS added 600,000 jobs as an adjustment to achieve the headline grabbing result.
•If the jobs market is so good, why is the labor participation rate at a 30 year low of 62.8%?
•Since 2007 the number of working age Americans has risen by 17 million, while the number of employed has risen by less than 1 million, but the unemployment rate is about the same.
•Why would almost 14 million working age Americans leave the labor force since 2007 if the economy is booming and jobs plentiful, with 1.2 million leaving in the last 12 months?
•Why would payroll tax receipts be flat with last year if millions of new jobs have been created?
•If the country has really added 8 million jobs since 2010, how could real median household income FALL by 2.3%?

According to the government reported figures, the economy hasn’t been this strong since 2007. GDP has supposedly grown at greater than 4% over the last two quarters.

Anyone who is sentient knows consumer spending accounts for 68% of GDP. Capital investments that lead to long term prosperity continue to decline as a percentage of GDP from 20% in 2000 to 16% today. We’ve chosen consumption and financialization over savings and investment. This fact leads to some observations:
•If GDP has actually grown by 20% since 2008 how does this correlate with a 6.9% decline in real median household income?
•GDP has been goosed by a $69 billion increase in government spending, with the majority going to the military industrial complex. ISIS has been a godsend for our GDP and arms dealer profits.
•GDP was increased retroactively by $500 billion last year based on a new way the government accounts for intangibles.
•The surge in consumer expenditures over the last two quarters has been in the purchase of services. The higher costs for Obamacare are a boon for GDP. Are they a boon for your bank account?
•The trade deficit has fallen as exports of petroleum products have temporarily provided a boost to GDP. The collapse in oil prices will reverse that trend rapidly.

According to the quasi-governmental mouthpieces at the Conference Board, consumer confidence is near a 5 year high, reflecting what should be robust spending.

So we are told by the representatives of corporatism that we are confident about the economy and the future. How does that measure up to the facts on the ground:
•Black Friday weekend sales collapsed by 11% versus the previous year. As the pundits tried to blame it on on-line sales (10% of total retail sales), Cyber Monday also proved to be a dud.
•If the average person is confident about the future and happy with their economic circumstances, why did they just vote to throw out the bums in November?
•If consumers are confident, why have real retail sales, excluding subprime debt goosed auto sales, been flat for the last three months and up only 1% in the last year?
•If consumers are so confident, why are credit card balances still $138 billion BELOW where they were in 2008? If all these new jobs are being created why is credit card debt lower than it was in mid-2010? Maybe consumers are so desperate they are using credit cards to pay utility and tax bills and not using them for frivolous Chinese crap at big box retailers.
•The increased spending at grocery stores and restaurants is driven by food inflation, not foot traffic. Discretionary spending at furniture, electronics, and sporting goods stores is flat.
•Department store sales continue to fall. Sears and JC Penney teeter on the verge of bankruptcy. Delia’s is liquidating and Radio Shack isn’t far behind. The major chains have completely stopped building new stores. The great bricks and mortar unwind relentlessly plods forward. In addition, online growth is stalling as states implement sales taxes.

From The Burning Platform –

Those Ungovernable Colonists

The American colonies must have been an unruly place, full as they were of religious fanatics and slave traders, second sons and fortune hunters, criminals and former political prisoners, and all manner of people in between. The first settlements hugged the coast, where one set of adventurers looked seaward while another looked to the interior wilderness. It was, in retrospect, almost inevitable that North America would quickly become the wealthiest place in the world by the 17th century.

Why? Because those seditionists, fanatics, and gamblers were impossible to rule. While we are counting our blessings this Thanksgiving, let’s not forget to count that one: Our ancestors did not much like being told what to do, and we — and the world — are immeasurably richer and happier for that.

Edmund Burke called the Crown’s attitude toward the colonies “wise and salutary neglect,” but it was as much pragmatism as it was policy. There were many colonies and colonists, they were not of a uniformly obedient type, they were far away — and, most important, they were extraordinarily productive. By the latter half of the 18th century, there were more iron forges in the American colonies than in Britain, the colonies were exporting millions of barrels of flour and tons of other agriculture products, and one out of three ships in the British merchant fleet was American-built. The economy was booming, and most of the population still lived in rural or semi-rural areas, far from the amusements of urban life, which may explain….

By Kevin D. Williamson – National Review Online –

Foreclosure Fraud?

Since the Great Recession officially started in December of 2007, millions of people have lost their homes to foreclosures. It turns out that many of those foreclosures may have been fraudulent or in violation of foreclosure laws. According to the Southern Essex County, Massachusetts Register of Deeds, John O’Brien, a forensic audit of his recording files suggests that at least 75% of the mortgage assignments were invalid.

“My registry is a crime scene as evidenced by this forensic examination. The Audit makes the finding that this was not only a MERS (Mortgage Electronic Registration Systems) problem, but a scheme also perpetuated by MERS shareholder banks such Bank of America, Wells Fargo, JP Morgan and others. I am stunned and appalled by the fact that America’s biggest banks have played fast and loose with people’s biggest asset – their homes. This is disgusting, and this is criminal.” Nation of Change

It has been almost 7 years since the financial markets failed and yet the foreclosure crisis continues. In some respects the crisis is unabated. Yes, the foreclosure numbers are now down from their historic highs, but many of the completed foreclosures included these questionable documents and tactics by the banks in question. Plus, the use of these tactics started even before the Great Recession hit. Is there a cost to the economy when Banks allegedly use these “robo-signings”?

….Mr. O’Brien’s experience in Essex County is just one county in one state. However, when the nation’s Attorneys General were poised to settle with various banks in 2012 over the nation-wide foreclosure fraud allegations, O’Brien voiced his concerns to the Massachusetts Attorney General.

[O’Brien wrote] “I implore you not to agree to any settlement that would give criminal immunity to MERS and its member-banks. A settlement that includes this feature will not help the homeowners of MA and will permanently damage chains-of-title and property rights forever, with no hope of resolving the permanent damage that these institutions have caused to titles across the state.”’

It probably should not surprise anyone that the Attorneys General did sign the settlement with the banks and they did not heed Mr. O’Brien’s warning. While the national settlements did provide some relief to homeowners, it has had limited impact on clearing up the title concerns voiced by Register O’Brien and arguably provided limited financial recoveries for the victims of the banks allegedly fraudulent activities.

As expected, no one at any of the banks who signed the Joint State-Federal National Mortgage Servicing Settlements were indicted and brought to justice….

By Lawrence E. Rafferty – JonathanTurley.Org –

OBAMA IS PLACING THE U.S. IN A CORPORATE CONTROLLED POLICE STATE DICTATORSHIP

…there is another development on the world stage which threatens the economic health of every single American and American based business. Specifically, I am referencing the Trans Pacific Partnership. The protocols of the TPP establishes a free-trade zone/bloc stretching from Vietnam to Chile and Japan. The most draconian free trade agreement in history includes nearly a billion people which encompass almost 40% of the world’s economy. Since Obama failed to fast-track the TPP into law last year, he has made amazing progress and America is nearing its fate with destiny….

Many of us in the media believe that some of the effects of the TPP will be felt before the coming war and martial law crackdown. However, after careful analysis, I am convinced that the brunt of the TPP will be felt after the America we know has been totally taken over in a post-war and post-economic collapse scenario. At the end of the day, it does not matter when the implementation of the TPP comes, because when it does, America will no longer be recognizable to anyone who has grown up in this once great country.

Some of you are reading these words have no idea what the Trans-Pacific Partnership consists of. Most of you have never heard of it. Some of you have heard or read the term, but fail to realize the extreme danger that the implementation of this so-called trade agreement will mean to America and our way of life. A scant few are coming to realize just how dangerous the TPP truly is. For the record, the TPP is masquerading as a free trade agreement involving the US, Australia, Japan, Canada,Brunei, Vietnam, Malaysia, Chile, Mexico, New Zealand, Peru and Singapore. The TPP is much, much more than a free trade agreement.

With regard to the TPP, ignorance of the organization is understandable. We in the truthful media have not fulfilled our duty to fully explore the ramifications of the TPP because so little is publicly known, Obama has taken full advantage of the cloudy environment and is preparing to even bypass the constitutionally required approval of the Congress before implementing the TPP through a process called “fast-tracking.”

Under the TPP, GMO labels for US food would not be allowed. Also not allowed is Congressional oversight.

President Obama is indeed seeking Fast Track Trade Promotion Authority for the TPP as he is feverishly attempting to get the deal done by the end of the year. If Obama does manage to sign the agreement without Congressional approval, this would effectively neuter Congress in the final approval process. Under such an agreement, this would permit Obama to sign the trade agreement “without Congressional approval.”

When something is secret and kept from you, it is usually very bad for you!

….The TPP is the brain child of the corporations. The TPP places all member nations directly under the control of the TPP instead of their respective national governments. Congress has been denied access to review any of the documents. Alan Grayson (D-FL) was granted a special exemption to view a small part of the TPP and he was told by TPP officials to keep his mouth shut as Grayson recalls that “They maintain that the text is classified information. I’m a member of Congress, but now they tell me that they don’t want me to talk to anybody about it because if I did, I’d be releasing classified information.” Do you realize what this means? The corporate controlled TPP has granted themselves the authority to exercise the governmental power of classifying documents and Congress is included in the exclusion. Do you understand that this means we are living in a corporate dictatorship? It gets even worse.

As if it is not egregious enough that Congress is not allowed to view TPP documents, the 600 corporate officials, who form the TPP panel (e.g. corporate officials from corporations such as Monsanto and Walmart, have complete control of the developmental process of the TPP. Obama can view any part of the process, Congress and the American public cannot.

Further, a leaked chapter of the TPP speaks to the creation of a TPP Tribunal Council which will have the authority to force member nations to transform its laws, its civil procedures, its criminal procedures, even its electoral process, in order to abide by the TPP Tribunal dictates. The bottom line is that we are witnessing the destruction of the Constitution and the entire legal code of the United States, because once the tribunal makes a ruling with regard to a national law, there is no appeal. The Tribunal consists of unelected bureaucrats who are appointed by the creators of the TPP. The term of office for Tribunal officials is unlimited.

By Dave Hodges – The Common Sense Show –

Bank of North Dakota Outperforms Wall Street

While 49 state treasuries were submerged in red ink after the 2008 financial crash, one state’s bank outperformed all others and actually launched an economy-shifting new industry. So reports the Wall Street Journal this week, discussing the Bank of North Dakota (BND) and its striking success in the midst of a national financial collapse led by the major banks. Chester Dawson begins his November 16th article:

It is more profitable than Goldman Sachs Group Inc., has a better credit rating than J.P. Morgan Chase& Co. and hasn’t seen profit growth drop since 2003. Meet Bank of North Dakota, the U.S.’s lone state-owned bank, which has one branch, no automated teller machines and not a single investment banker.

He backs this up with comparative data on the BND’s performance:

[I]ts total assets have more than doubled, to $6.9 billion last year from $2.8 billion in 2007. By contrast, assets of the much bigger Bank of America Corp. have grown much more slowly, to $2.1 trillion from $1.7 trillion in that period.

. . . Return on equity, a measure of profitability, is 18.56%, about 70% higher than those at Goldman Sachs and J.P. Morgan. . . .

Standard & Poor’s Ratings Services last month reaffirmed its double-A-minus rating of the bank, whose deposits are guaranteed by the state of North Dakota. That is above the rating for both Goldman Sachs and J.P. Morgan and among U.S. financial institutions, second only to the Federal Home Loan Banks, rated double-A-plus.

Dawson goes on, however, to credit the BND’s remarkable performance to the Bakken oil boom. Giving his article the controversial title, “Shale Boom Helps North Dakota Bank Earn Returns Goldman Would Envy: U.S.’s Lone State-Owned Bank Is Beneficiary of Fracking,” he contends:

The reason for its success? As the sole repository of the state of North Dakota’s revenue, the bank has been one of the biggest beneficiaries of the boom in Bakken shale-oil production from hydraulic fracturing, or fracking. In fact, the bank played a crucial part in kick-starting the oil frenzy in the state in 2008 amid the financial crisis.

That is how the Wall Street-owned media routinely write off the exceptional record of this lone publicly-owned bank, crediting it to the success of the private oil industry. But the boom did not make the fortunes of the bank. It would be more accurate to say that the bank made the boom.

Excess Deposits Do Not Explain the BND’s Record Profits

Dawson confirms that the BND played a crucial role in kick-starting the boom and the economy, at a time when other states were languishing in recession. It did this by lending for critical infrastructure (roads, housing, hospitals, hotels) when other states’ banks were curtailing local lending.

But while the state itself may have reaped increased taxes and fees from the oil boom, the BND got no more out of the deal than an increase in deposits, as Dawson also confirms. The BND is the sole repository of state revenues by law….

By Ellen Brown – OpEdNews.com –

Watching Russian News & Reading Pravda : What I Learned

I grew up hating America. I lived in the Soviet Union and was a child of the Cold War. That hate went away in 1989, though, when the Berlin Wall fell and the Cold War ended. By the time I left Russia in 1991, the year the Soviet Union collapsed, America was a country that Russians looked up to and wanted to emulate….

I was perplexed by how the Russian people could possibly support and not be outraged by Russia’s invasion of Ukraine. But I live in Denver, and I read mostly US and European newspapers. I wanted to see what was going on in Russia and Ukraine from the Russian perspective, so I went on a seven-day news diet: I watched only Russian TV — Channel One Russia, the state-owned broadcaster, which I hadn’t seen in more than 20 years — and read Pravda, the Russian newspaper whose name means “Truth.” Here is what I learned….

Russia’s propaganda works by forcing your right brain (the emotional one) to overpower your left brain (the logical one), while clogging all your logical filters. Here is an example: Russian TV shows footage of schools in eastern Ukraine bombed by the Ukrainian army. Anyone’s heart would bleed, seeing these gruesome images. It is impossible not to feel hatred toward people who would perpetrate such an atrocity on their own population. It was explained to viewers that the Ukrainian army continued its offensive despite a cease-fire agreement.

Of course if you watched Ukrainian TV, you would have seen similar images of death and despair on the other side. In fact, if you read Ukrainian newspapers, you will learn that the Ukrainian army is fighting a well-armed army, not rebels with Molotovs and handguns, but an organized force fully armed by the Russian army….

Comparing Putin to Hitler, as one of my Russian friends put it, is “absolutely abominable” because it diminishes Hitler’s atrocities and overstates by a mile what Putin has accomplished to date. Yet it feels as if we are at a Putin-of-1936 moment. Will he turn into a Putin of 1939 and invade other countries? I don’t know. But the events of the past nine months have shown Putin’s willingness to defy international law and seize the advantage on the ground, betting — correctly so far — that the West won’t call his bluff.

As Garry Kasparov put it, while the West is playing chess, responding tactically to each turn of events, Putin is playing high-stakes poker. We ignore Putin at our own peril.

By Vitaliy Katsenelson – InstitutionalInvestor.com –

The Economic End Game Explained

Throughout history, in most cases of economic collapse the societies in question believed they were financially invincible just before their disastrous fall. Rarely does anyone see the edge of the cliff or even the bottom of the abyss before it has swallowed a nation whole. This lack of foresight, however, is not entirely the fault of the public. It is, rather, a consequence caused by the manipulation of the fundamental information available to the public by governments and social gatekeepers.

In the years leading up to the Great Depression, numerous mainstream “experts” and politicians were quick to discount the idea of economic collapse, and most people were more than ready to believe them. Equities markets were, of course, the primary tool used to falsely elicit popular optimism. When markets rose, even in spite of other very negative fiscal indicators, the masses were satisfied. In this way, stock markets have become a kind of dopamine switch financial elites can push at any given time to juice the citizenry and distract them from the greater perils of their economic future. During every upswing of stocks, the elites argued that the “corner had been turned,” when in reality the crisis had just begun. Nothing has changed since the crash of 1929. Just look at some of these quotes and decide if the rhetoric sounds familiar today:

John Maynard Keynes in 1927: “We will not have any more crashes in our time.”

H.H. Simmons, president of the New York Stock Exchange, Jan. 12, 1928: “I cannot help but raise a dissenting voice to statements that we are living in a fool’s paradise, and that prosperity in this country must necessarily diminish and recede in the near future.”

Irving Fisher, leading U.S. economist, The New York Times, Sept. 5, 1929: “There may be a recession in stock prices, but not anything in the nature of a crash.” And on 17, 1929: “Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months.”

….The bottom line is that the stock market, the greatest false indicator of all time, is on the verge of implosion; and the banking elites are positioning themselves to avoid blame for this implosion while the rest of us are being sold on the most elaborate recovery con-game ever conceived. But what is the purpose behind this con-game? Lies are generally only told by those who hope to gain something through deception. What do the elites hope to gain by creating a facade of recovery?

They have openly admitted to the public on numerous occasions EXACTLY what they want — namely, the institution of a truly global and centralized economic system revolving around a highly controlled world currency framework and dominated by a select cult of banking oligarchs. Anyone who claims that this is not the goal is either a liar or an uneducated fool.

I have covered the evidence supporting this program many times in the past, but it would seem with the precariously surreal nature of our world today that much needs repeating. In 1988, the financial magazine ‘The Economist’ published an article titled “Get ready for a world currency by 2018,” in which it outlined the framework for a global currency system called the “Phoenix” (a hypothetical title), administered by the International Monetary Fund by the year 2018, which would erase all national economic sovereignty and require governments to borrow from the world central banking authority, rather than print, in order to finance their infrastructure programs. This would mean total control by the IMF over member nations as they beg and plead for more capital under the global currency umbrella.

By Brandon Smith – Alt-Market.com –

OUR CHILDREN ARE RED, WHITE AND SCREWED

By Dave Hodges – The Common Sense Show –

….There was a time that a child could produce a mediocre track record in high school, not go to college, but were able to work in a factory or a department store and climb the ranks and subsequently live a life of wonderful opportunities.

With 86% of our 1968 based manufacturing gone to overseas markets, those days of second chance opportunities are gone forever.

When the Blinders Come Off

My soon-to-14 year old son is showing signs of asking questions befitting an adult perspective of our present political and economic situation. I am not bashful about identifying the misdeeds of our government when I am writing or broadcasting. Also, I know that I have the intellectual capacity to explain to my son how bad things have become in terms he can understand. However, I have found that I am lacking the skill and knowledge to explain to my son just how bad things are without taking away his hope for the future.

I am running out of time to begin to formulate a dialogue with my son as I know that I will have to say something and say it very soon. Just the other day, my son made fun of Obama and his nation of birth, Kenya. As my readers and listeners will tell you, I don’t pursue the “birther issue” a s a point of emphasis in my advocacy. Yet, my son is keenly aware of this issue. Last night as we were driving home from play that we attended, my son offhandedly said “the rich control Obama and he controls us like a dictator”. In other words, he is getting his education about the New World Order from sources from “OTP” (i.e. other than parents). I asked him where he got that information and he said “some of the kids at school say Obama is a member of Illuminati and it is all over Youtube”. Life was so much easier when I controlled most of his access to information. I knew that this day would come, but I am finding that I am not prepared with ready made answers about how the world really works. Most adults don’t know how the world works….

Figures may lie and liars may figure, however, there are some numbers that cannot be ignored and they serve to underscore the increasing sense of hopelessness that is creeping across the country.

During 2011, 53 percent of all Americans with a bachelor’s degree under the age of 25 were either unemployed or underemployed.

At this point about half of all recent college graduates are working jobs that do not even require a college degree.

The number of Americans in the 16 to 29 year old age bracket with a job declined by 18 percent between 2000 and 2010.

Incomes for U.S. households led by someone between the ages of 25 and 34 have fallen by about 12 percent after you adjust for inflation since the year 2000.

In 1984, the median net worth of households led by someone 65 or older was 10 times larger than the median net worth of households led by someone 35 or younger. Today, the median net worth of households led by someone 65 or older is 47 times larger than the median net worth of households led by someone 35 or younger.

In 2011, SAT scores for young men were the worst that they had been in 40 years….

 
Continue Reading

We Have Just Witnessed The Last Gasp Of The Global Economy

By Brandon Smith – Alt-Market.com –

….there is no tangible or legitimate recovery, let alone a stable fiscal ladder to rest our feet upon. There is literally nothing left to the financial system but rigged statistics, false promises, and ever expanding debt. In fact, the concept of debt creation is the only thing holding our facade of an economy together.

You and I probably find this rather strange. We come from a long forgotten school of economics, in which demand, supply, and savings actually mean something in terms of our fiscal health. I have come across many mainstream economic acolytes and cultists in recent months who disregard ALL logic and reason, forsaking the realities of demand based trade and immersing themselves in a grand delusion in which central bank generated debt and inflation are the real source of “prosperity”. I feel sorry for them in a way, because the truth is right in front of their faces, and yet, they will never see it, not until they are buried alive in it.

Nothing makes this problem more apparent than the behavior of equities in the past month.

Stocks are, of course, a sham of the highest magnitude, but they do still say something about the greater truth behind our financial condition. The fact that many market traders clearly KNOW that it’s all a farce, and are actually banking and betting on the scam, tells me exactly how close we are to the end of the line. The recent near 10% drop in the Dow at the beginning of Fall must have certainly been a shock for the day trading community as well as mainstream pundits. The assumption for the past few years has been that central bank stimulus guarantees a constantly growing bull market, and to experience a considerable decline in equities even while QE was still in action was at least a noticeable wake up call.

….And, the ever present overlords at the Bank Of International Settlements have posted a stark warning about our financial future, predicting a “violent reversal” in markets. The last time the BIS made such a prediction was in the summer of 2007, just before the derivatives crash. But this is the M.O. of the central banks, to warn of coming calamity just before the event, but not long enough before the event to make any difference. They present themselves as prognosticators of economic future, but in reality, they are the instigators of every disaster they predict.

I do not know how the markets will react to the likely landslide “victory” by Republicans in mid-term elections (can one ever be “victorious” in a rigged contest?), but what I do know is that a Republican majority offers an even greater opportunity for further collapse. Negative movements in markets that have been obstructed through manipulation can now be unleashed and then blamed on “government gridlock”, or the inability of conservatives to “compromise” fiscally. A Republican shift in government only offers more cover for a collapse that is slated to occur regardless.

 
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Obama To Americans: You Don’t Deserve To Be Free

By Harry Binswanger – Forbes.com –

President Obama’s Kansas speech is a remarkable document. In calling for more government controls, more taxation, more collectivism, he has two paragraphs that give the show away. Take a look at them.

“there is a certain crowd in Washington who, for the last few decades, have said, let’s respond to this economic challenge with the same old tune. “The market will take care of everything,” they tell us. If we just cut more regulations and cut more taxes–especially for the wealthy–our economy will grow stronger. Sure, they say, there will be winners and losers. But if the winners do really well, then jobs and prosperity will eventually trickle down to everybody else. And, they argue, even if prosperity doesn’t trickle down, well, that’s the price of liberty.

Now, it’s a simple theory. And we have to admit, it’s one that speaks to our rugged individualism and our healthy skepticism of too much government. That’s in America’s DNA. And that theory fits well on a bumper sticker. (Laughter.) But here’s the problem: It doesn’t work. It has never worked. (Applause.) It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible postwar booms of the ’50s and ’60s. And it didn’t work when we tried it during the last decade. (Applause.) I mean, understand, it’s not as if we haven’t tried this theory.

Though not in Washington, I’m in that “certain crowd” that has been saying for decades that the market will take care of everything. It’s not really a crowd, it’s a tiny group of radicals–radicals for capitalism, in Ayn Rand’s well-turned phrase.

The only thing that the market doesn’t take care of is anti-market acts: acts that initiate physical force. That’s why we need government: to wield retaliatory force to defend individual rights.

Radicals for capitalism would, as the Declaration of Independence says, use government only “to secure these rights”–the rights to life, liberty, property, and the pursuit of happiness. (Yes, I added “property” in there–property rights are inseparable from the other three.)

That’s the political philosophy on which Obama is trying to hang the blame for the recent financial crisis and every other social ill. But ask yourself, are we few radical capitalists in charge? Have radical capitalists been in charge at any time in the last, oh, say 100 years?

I pick 100 years deliberately, because it was exactly 100 years ago that a gigantic anti-capitalist measure was put into effect: the Federal Reserve System. For 100 years, government, not the free market, has controlled money and banking. How’s that worked out? How’s the value of the dollar held up since 1913? Is it worth one-fiftieth of its value then or only one-one-hundredth? You be the judge. How did the dollar hold up over the 100 years before this government take-over of money and banking? It actually gained slightly in value.

Laissez-faire hasn’t existed since the Sherman Antitrust Act of 1890. That was the first of a plethora of government crimes against the free market.

Radical capitalists are just beginning to have a slight effect on the Right wing. The overwhelming majority on the Right are eclectic. Which is a nice way of saying inconsistent.

The typical Republican would never, ever say “the market will take care of everything.” He’d say, “the market will take care of most things, and for the other things, we need the regulatory-welfare state.”

They are for individualism–except when they are against it. They are against free markets and individualism not only when they agree with the Left that we must have antitrust laws and the Federal Reserve, but also when they demand immigration controls, government schools, regulatory agencies, Medicare, laws prohibiting abortion, Social Security, “public works” projects, the “social safety net,” laws against insider trading, banking regulation, and the whole system of fiat money.

Obama blames economic woes, some real some manufactured (“inequality”) on a philosophy and policy that was abandoned a century ago. What doesn’t exist is what he says didn’t work.

 
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Puppetgate – Lee Wanta & The Federal Reserve

By Lon Gibby – Gibby Media Group – Veterans Today –

President Reagan and his secret agent Ambassador Lee Emil Wanta masterminded a creative way to financially take down the economy of the Soviet Union ( Evil Empire), and put together and negotiated a General Agreement of Cooperation with Secretary General Mikhail Gorbachev. As a result, the Russian Federation was born, and future generations throughout the entire world have enjoyed more safety from a nuclear holocaust because of this effort.

Working directly under President Reagan as a private citizen, there is a man named Ambassador Lee Wanta. Lee was mandated by President Reagan under the Totten Doctrine as a secret agent to be in charge of this effort.

In this process, Lee Wanta did amass trillions of dollars that were designated to go back to the American people by President Reagan. In his effort to carry out his mandate, Lee Wanta was imprisoned and the monetary funds that were his to distribute as planned were stolen or converted illegally by an organization known as the Federal Reserve System and used by them to this day.

Later in 2006, a US District Court Judge mandated and ordered that these converted funds be returned back to Lee with interest accruals. It’s hard to understand why, after eight years since this order was given by a US Judge, these funds are still retained.

When Lee Wanta receives his funds back it will be in the amount of 32.8 Trillion Dollars. He promised under an oath to President Reagan, after he paid his repatriation taxes on this money that he earned as Director General in his Austrian-based company, to eliminate overnight our national debt ( Approximately 18 Trillion), and our 1.8 Trillion International trade deficit at once.

Lee Wanta also pledged to pay certain sovereign nations what they were promised in the Reagan-Mitterrand protocols. This includes the French, Chinese, English and Russian Governments, where billions were promised. With the remaining funds left over, he plans to and develop and create new innovative businesses that could employ over 2 million people in the USA alone.

….With a little research anyone can find out that some of the people who run the Federal Reserve System are not even Americans and represent foreign interests. Besides setting interest rates and controlling all the banks’ money, the private club called the Federal Reserve System literally controls almost all aspects of our Government on Federal State and County levels, and seeks to manipulate and control the world financial markets as well. The PuppetGate illustration will help you visualize how they control us with their five fingers.

Just like a Puppet Master controls a Marionette, or a Ventriloquist can speak for others, they have learned how to control and manipulate each key area of our Government and American society. I have learned that the Federal Reserve System operates with a team of what they call themselves — Puppet Master. These are people who are trained and skilled at payola, manipulation, bribery, blackmail and extortion.

This secret combination is most powerful, and they have support from all political parties and from well-known and respected Politicians from all parties, both past and present. No one likes to talk about them because they wield such power that even Presidents obey their commands. We have all heard and understand the saying. “Those that has the gold rules”.

They have the gold and they do rule. As history will prove, they have ruled in a selfish and brutal way, with little regard for our Citizens and the Constitution of our land. The problem is, in the case of Lee Wanta, they don’t own his gold and funds, but they have illegally taken and used his resources to sell trillions of dollars in worthless Federal Trade Notes and derivatives, and continue their illegal campaign of puppetry on the Citizens of the United States. Remember that the Lee Wanta money was never theirs to use in the first place.

The Wanta funds were mandated by President Reagan to go towards our wiping out our national debt, to improve our lives and were to be used as outlined above. Finally, understand that the massive Reserve bubble is about to burst because they do not have the resources or reserve to back up what some are calling the mother of all Ponzi schemes.

 
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More Bad News From The Jobs Front

By Paul Craig Roberts –

The Bureau of Labor Statistics headline this morning reads: “Payroll employment increases by 248,000 in September; unemployment rate declines to 5.9%.”

How can this be? As I reported yesterday, US corporations are investing in buying back their own stocks, not in new business ventures that produce new jobs. http://www.paulcraigroberts.org/2014/10/02/poverty-report-contradicts-gdp-claims-paul-craig-roberts/

According to the Census Bureau’s Poverty Report, US real median family income has declined to the level of twenty years ago. http://www.census.gov/content/dam/Census/library/publications/2014/demo/p60-249.pdf

Consumer credit and real retail sales are not growing. Construction is limited to rental units. Construction shows 16,000 new jobs, half of which are “specialty trade contractors” or home remodelers.

The payroll jobs report lists 35,300 new jobs in retail trade. How is this possible when J.C. Penny’s, Macy’s, Sears, and the dollar store chains are in trouble and closing stores, and shopping centers are renting space by the day or hour?

At a time when there is a surfeit of office buildings and only 500 new jobs in “heavy and civil engineering construction,” the jobs report says 6,000 new jobs have been created in “architectural and engineering services.” What work are these architects and engineers doing?

 
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Are Christians Idiots?

From HigherLiberty.com –

When Christ spoke of the Kingdom there was a revolution going on in Judea and the world. The policies and practices of politicians and people had the world on a one way road to social and economic destruction. John the Baptist and Jesus were turning the world upside down. They were shaming the hypocrites who claimed to be following Moses but did not know him nor the God who sent him to free the people.

Acts 4:13 “Now when they saw the boldness of Peter and John, and perceived that they were unlearned and ignorant men, they marvelled; and they took knowledge of them, that they had been with Jesus.”…

Christians provided for one another in charity and did not participate in the free bread welfare of Rome as we see the Pharisees doing.4 The Pharisees had chosen Caesar’s ways and government as their benefactor. The Christians were not involved in the public affairs of the Pharisees. Christians were involved in public affairs of Christ working daily in the temple.5

The temple in Jerusalem, the same as those of Rome, was the center of their social welfare. With the baptism of John, Christ’s followers, who were eventually called Christians, had opted out of a social welfare system that had snared the people under the authority of Herod’s welfare state.6 Christians had another king, one Jesus, and were standing fast in the liberty of Christ. The persecution of Christians by public magistrates was often based on their refusal to participate in the temple welfare systems of Rome.

The word translated marvelled in Acts is “thaumazo” which is also translated in the Bible as “have in admiration” and “admire.” They were impressed and yet they did not like what they were hearing. Many modern Christians would not want to hear the truth of what the early church was doing either.

 
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Five Lessons Learned From The Scottish Referendum

By Ryan McMaken – A Nation Beguiled –

Government authorities in the UK have declared that the “Yes” campaign for secession has failed by a margin of approximately 55 percent to 45 percent. Yet, even without a majority vote for secession, the campaign for separation from the United Kingdom has already provided numerous insights into the future of secession movements and those who defend the status quo.

Lesson 1: Global Elites Greatly Fear Secession and Decentralization

Global elite institutions and individuals including Goldman Sachs, Alan Greenspan, David Cameron and several major banks pulled out all the stops to sow fear about independence as much as possible. Global bankers vowed to punish Scotland, declaring they would move out of Scotland if independence were declared.

According to one report:

A Deutsche Bank report compared it to the decision to return to the gold standard in the 1920s, and said it might spark a rerun of the Great Depression, at least north of the border.

 
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Scottish Independence: What Would Braveheart Do?

By Patrick J. Buchanan – VDare.com –

No matter how the vote turns out on Thursday in Scotland, either for independence or continued union with Britain, the disintegration of the Old Continent appears almost inevitable.

Already the British government has conceded that, even if the Scots vote for union, Edinburgh will receive greater powers to rule itself.

Cheering for the breakup of the U.K. are Catalans and Basques, Bretons and Corsicans, Tyroleans, Venetians, Flemish, all dreaming of nations of their own carved out of Spain, France, Italy and Belgium.

Europe’s secessionists have waxed ever stronger since the last decade of the 20th century when the Soviet Union and Yugoslavia splintered into 22 nations and Czechoslovakia broke in two.

 
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Wahington’s War Against Russia

By Paul Craig Roberts –

The new sanctions against Russia announced by Washington and Europe do not make sense as merely economic measures. I would be surprised if Russian oil and military industries were dependent on European capital markets in a meaningful way. Such a dependence would indicate a failure in Russian strategic thinking. The Russian companies should be able to secure adequate financing from Russian Banks or from the Russian government. If foreign loans are needed, Russia can borrow from China.

If critical Russian industries are dependent on European capital markets, the sanctions will help Russia by forcing an end to this debilitating dependence. Russia should not be dependent on the West in any way.

The real question is the purpose of the sanctions. My conclusion is that the purpose of the sanctions is to break up and undermine Europe’s economic and political relations with Russia. When international relations are intentionally undermined, war can be the result. Washington will continue to push sanctions against Russia until Russia shows Europe that there is a heavy cost of serving as Washington’s tool.

 

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