Category Archives: World Events

New IMF Report on Greece Says Projections Are Unrealistically Optimistic

They went ahead with it, anyway

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by Eric Zuesse | Infowars.com | Originally published July 15, 2015

new IMF report on Greece, issued on Tuesday, July 14th, is titled “AN UPDATE OF IMF STAFF’S PRELIMINARY PUBLIC DEBT SUSTAINABILITY ANALYSIS,” and it says — these are quotations, not paraphrases — in summary

Greece’s public debt has become highly unsustainable. … The financing need through end-2018 is now estimated at Euro 85 billion. … Greece’s debt can now only be made sustainable through debt relief measures that go far beyond what Europe has been willing to consider so far. … Public debt cannot be assumed to migrate back onto the balance sheet of the private sector at interest rates consistent with debt sustainability until debt is much lower. Greece cannot return to markets anytime soon at interest rates that it can afford. … Medium-term primary surplus target: Greece is expected to maintain primary surpluses for the next several decades of 3.5 percent of GDP. Few countries have managed to do so. …

Shortfalls in program implementation during the last year led to a significant increase in the financing need [which was] estimated only a few weeks ago. … The preliminary (mutually agreed) assessment of the three institutions is that total financing need through end-2018 will increase to Euro 85 billion, or some Euro 25 billion above what was projected in the IMF’s published DSA [Debt Sustainability Analysis] only two weeks ago. … 

Debt would peak at close to 200 percent of GDP in the next two years. This contrasts with earlier projections that the peak in debt—at 177 percent of GDP in 2014—is already behind us.

By 2022, debt is now projected to be at 170 percent of GDP, compared to an estimate of 142 percent of GDP projected in our published DSA.

Gross financing needs would rise to levels well above what they were at the last review (and above the 15 percent of GDP threshold deemed safe) and continue rising in the long term.

Moreover, these projections remain subject to considerable downside risk, suggesting that there could be a need for additional further exceptional financing from Member States.

ADDITIONAL:

Though this report revises the previous IMF estimates, which had been issued just two weeks ago, the new report was (according to the Wall Street Journal) “circulated to eurozone officials over the weekend and published more broadly Tuesday.” This would mean that when the Greek government and its creditors reached agreement on Sunday night, July 12th, they already knew that the estimates on which their deal was reached were unrealistically optimistic. They went ahead with it, anyway.

The Greek public had overwhelmingly voted a week earlier to reject a deal that was less draconian than the one which was reached on July 12th, and yet the Greek government, which had urged them to vote against it, promptly ignored that vote against it, which the Greek government had been calling for. And, now, it appears that both sides to the deal even knew that its terms are impossible, yet ignored that, and agreed to it.

The persistent and ongoing deceit here is hard to square with widespread allegations that the EU is at all democratic. The origin of this loan and earlier loans to Greece (euphemistically called ‘bailouts,’ as if it weren’t the banks which were being bailed out by the taxpayers, instead of the Greek public, who had never received the benefits of those loans anyway) had been private investors in Greek government bonds, receiving high interest rates on these junk bonds, which turn out to have been guaranteed by Western publics bailing out Western banks. Between 2010 and 2015, the IMF and other Western taxpayer-supported debt-transfer agents, bought those bum loans and thus transferred those risks from private investors onto taxpayers. And now, this continues, though with one major added poison pill for the Greek public: “privatization.” Greek government assets, including everything from highways to health care, will be sold off to investors at steeply depreciated prices, so that the Greek public will have not only skyrocketing taxes but also disappearing government services. Obviously, the youth-unemployment rate of near 50% will become much worse, and virtually all young Greeks will move elsewhere in Europe, while their parents will die, or even increasingly commit suicide, in the soaring poverty of the Greek ghost-town state. Greece’s essential tourist industry will collapse. But the banks, and the investors in the bank stocks, will be protected. This is socialism for the rich, capitalism for the poor. Call it fascism.

 

Investigative historian Eric Zuesse is the author, most recently, of  They’re Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010, and of  CHRIST’S VENTRILOQUISTS: The Event that Created Christianity.

Greece Today, America Tomorrow?

The drama over Greece’s financial crisis continues to dominate the headlines

greece-greek-bankby Ron Paul | InfoWars | Originally published July 13, 2015

The drama over Greece’s financial crisis continues to dominate the headlines. As this column is being written, a deal may have been reached providing Greece with yet another bailout if the Greek government adopts new “austerity” measures. The deal will allow all sides to brag about how they came together to save the Greek economy and the European Monetary Union. However, this deal is merely a Band-Aid, not a permanent fix to Greece’s problems. So another crisis is inevitable.

The Greek crisis provides a look into what awaits us unless we stop overspending on warfare and welfare and restore a sound monetary system. While most commentators have focused on Greece’s welfare state, much of Greece’s deficit was caused by excessive military spending. Even as its economy collapses and the government makes (minor) cuts in welfare spending, Greece’s military budget remains among the largest in the European Union.

Despite all the handwringing over how the phony sequestration cuts have weakened America’s defences, the United States military budget remains larger than the combined budgets of the world’s next 15 highest spending militaries. Little, if any, of the military budget is spent defending the American people from foreign threats. Instead, the American government wastes billions of dollars on an imperial foreign policy that makes Americans less safe. America will never get its fiscal house in order until we change our foreign policy and stop wasting trillions on unnecessary and unconstitutional wars.

Excessive military spending is not the sole cause of America’s problems. Like Greece, America suffers from excessive welfare and entitlement spending. Reducing military spending and corporate welfare will allow the government to transition away from the welfare state without hurting those dependent on government programs. Supporting an orderly transition away from the welfare state should not be confused with denying the need to reduce welfare and entitlement spending.

On reason Greece has been forced to seek bailouts from its EU partners is that Greece ceded control over its currency when it joined the European Union. In contrast, the dollar’s status as the world’s reserve currency is the main reason the US has been able to run up huge deficits without suffering a major economic crisis. The need for the Federal Reserve to monetize ever-increasing levels of government spending will eventually create hyperinflation, which will lead to increasing threats to the dollar’s status. China and Russia are already moving away from using the dollar in international transactions. It is only a matter of time before more countries challenge the dollar’s reserve currency status, and, when this happens, a Greece-style catastrophe may be unavoidable.

Despite the clear dangers of staying on our recent course, Congress continues to increase spending. The only real debate between the two parties is over whether we should spend more on welfare or warfare. It is easy to blame the politicians for our current dilemma. But the politicians are responding to demands from the people for greater spending. Too many Americans believe they have a moral right to government support. This entitlement mentally is just as common, if not more so, among the corporate welfare queens of the militarily-industrial complex, the big banks, and the crony capitalists as it is among lower-income Americans.

Congress will only reverse course when a critical mass of people reject the entitlement mentality and understand that the government is incapable of running the world, running our lives, and running the economy. Therefore, those of us who know the truth must spread the ideas of, and grow the movement for, limited government, free markets, sound money, and peace.

 

3 Big Reasons Why The ‘Greek Debt Deal’ Is Really A German Trap

Greece is saved?

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by Michael Snyder | Economic Collapse | Originally published July 14, 2015

Greece is saved? All over the planet, news headlines are boldly proclaiming that a “deal” has been reached which will give Greece the money that it needs and keep it in the eurozone.

But as you will see below, this is not true at all.  Yesterday, when I wrote that “there never was going to be any deal“, I was not exaggerating.  This “deal” was not drafted with the intention of “saving Greece”.  As I explained in my previous article, these negotiations were all about setting up Greece for eviction from the euro.  You see, the truth is that Greece desperately wants to stay in the euro, but Germany (and allies such as Finland) want Greece out.  Since Germany can’t simply order Greece to leave the euro, they need some sort of legal framework which will make it possible, and that is what this new “deal” provides.  As I am about to explain, there are all kinds of conditions that must be satisfied and hurdles that must be crossed before Greece ever sees a single penny.  If there is a single hiccup along the way, and this is what the Germans are counting on, Greece will be ejected from the eurozone.  This “deal” has been designed to fail so that the Germans can get what they have wanted all along.  I think that three very famous words from Admiral Ackbar sum up the situation very well: “It’s a trap!

So why is this “Greek debt deal” really a German trap?

The following are three big reasons…

#1 The “Deal” Is Designed To Be Rejected By The Greek Parliament

If Germany really wanted to save Greece, they would have already done so.  Instead, now they have forced Greek Prime Minister Alexis Tsipras to agree to much, much harsher austerity terms than Greek voters overwhelmingly rejected during the recent referendum by a vote of 61 percent to 39 percent.  Tsipras has only been given until Wednesday to pass a whole bunch of new laws, and another week to make another series of major economic changes.  The following comes from CNN

Greece has to swiftly pass a series of new laws. Prime Minister Alexis Tsipras has until Wednesday to convince Parliament to pass the first few, including pension cuts and higher taxes.

Assuming that happens, Greek lawmakers have another week, until July 22, to enact another batch of economic changes. These include adopting European Union rules on how to manage banks in crisis, and do a major overhaul to make Greece’s civil courts faster and more efficient.

Can Tsipras actually get all this done in such a short amount of time?

The Germans are hoping that he can’t.  And already, two of Syriza’s coalition partners have publicly declared that they have no intention of voting in favor of this “deal”.  The following is from a Bloomberg report

Discontent brewed as Tsipras arrived back in the Greek capital. Left Platform, a faction within Syriza, and his coalition partners, the Independent Greeks party, both signaled they won’t be able to support the deal. That opposition alone would wipe out Tsipras’s 12-seat majority in parliament, forcing him to rely on opposition votes to carry the day.

The terms of the “deal” are not extremely draconian because the Germans want to destroy Greek sovereignty as many are suggesting.  Rather, they are designed to provoke an overwhelmingly negative reaction in Greece so that the Greeks will willingly choose to reject the deal and thus be booted out of the euro.

And this is what we are seeing.  So far, the response of the Greek public toward this deal has been overwhelmingly negative

Haralambos Rouliskos, a 60-year-old economist who was out walking in Athens, described the deal as “misery, humiliation and slavery”.

Katerina Katsaba, a 52-year-old working for a pharmaceutical company, said: “I am not in favour of this deal. I know they (the eurozone creditors) are trying to blackmail us.”

On Wednesday, the union for Greek public workers has even called a 24 hour strike to protest this “agreement”

Greece’s public workers are being called to stage a 24-hour strike on Wednesday, the day their country’s parliament is to vote on reforms needed to unlock the bankster eurozone plan agreed to by Greek Prime Minster Alex Tsipras.

Their union, Adedy, called for the stoppage in a statement issued today, saying it was against the agreement reached with the eurozone.

The Greek government is not guaranteed any money right now.

According to Bloomberg, the Greek government must pass all of the laws being imposed upon them by the EU “before Greece can even begin negotiations with creditors to access a third international bailout in five years.”

The Germans and their allies are actually hoping that there is a huge backlash in Greece and that Tsipras fails to get this package pushed through the Greek parliament.  If that happens, Greece gets ejected from the euro, and Germany doesn’t look like the bad guy.

#2 Even If The “Deal” Miraculously Gets Through The Greek Parliament, It May Not Survive Other European Parliaments

The Greek parliament is not the only legislative body that must approve this new deal.  The German and Finnish parliaments (among others) must also approve it.  According to USA Today, it is being projected that the German and Finnish parliaments will probably vote on this new deal on Thursday or Friday…

Thursday/Friday, July 16/17: Eurozone parliaments must also agree to the plan for Greece’s $95 billion bailout. The biggest tests may come from Finland and Germany, two nations especially critical of Greece’s handling of the crisis. Berlin has contributed the most to Greece’s loans.

Either Germany or Finland could kill the entire “deal” with a single “no” vote.

Finnish Finance Minister Alexander Stubb has already stated that Finland “cannot agree” with a new bailout for Greece, and it is highly questionable whether or not the German parliament will give it approval.

I think that the Germans and their allies would much prefer for the Greeks to reject the deal and walk away, but it may come down to one of these parliaments drawing a line in the sand.

#3 The Deal Makes Implementation Extraordinarily Difficult

If Greece fails to live up to each and every one of the extremely draconian measures demanded in the “deal”, they will be booted from the eurozone.

And if you take a look at what is being demanded of them, it is extremely unrealistic.  Here is just one example…

For instance, the Greek government agreed to transfer up to 50 billion euros worth of Greek assets to an independent fund that will raise money from privatization.

According to the document, 25 billion euros from this fund will be poured into the banks, 12.5 billion will be used to pay off debt, and the remaining 12.5 billion to boost the economy through investment.

The fund will be based in Greece and run by the Greeks, but with supervision from European authorities.

Where in the world is the Greek government going to find 50 billion euros worth of assets at this point?  The Greek government is flat broke and the banks are insolvent.

But if they don’t find 50 billion euros worth of assets, they have violated the agreement and they get booted.

This whole thing is about setting up Greece for failure so that there is a legal excuse to boot them out of the euro.

And it actually almost happened very early on Monday morning.  The following comes from Business Insider

As the FT tells it, German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras rose from their chairs at 6 a.m. on Monday and headed for the door, resigned to a Greek exit from the euro.

“Sorry, but there is no way you are leaving this room,” European Council president Donald Tusk reportedly said.

And so a Grexit was avoided.

For the moment, Greece has supposedly been “saved”.

But anyone that believes that this crisis is “over” is just being delusional.

The Germans and their allies have successfully lured the Greek government into a trap. Thanks to Tsipras, they have been handed a legal framework for getting rid of Greece.

All they have to do now is wait for just the right moment to spring the trap, and it might just happen a lot sooner than a lot of people may think.

 

Anti-austerity Protesters and Police Clash Outside Greek Parliament

Demonstrators oppose surrender of Greek sovereignty to European bankers

July 15, 2015

Demonstrators opposed to the surrender of Greek sovereignty to European bankers are confronting police and throwing Molotov cocktails in Athens, according to reports.

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The protests against the $96 billion bailout plan have shut down much of the city.

USA Today reports:

As the deadline neared and Greece teetered on the verge of financial collapse, a general strike and at least 10 separate protests took place in Athens as demonstrators called for the government to reject the new rescue package or try to renegotiate for better terms from international creditors that include the European Central Bank, eurozone governments and the International Monetary Fund. So far, the lenders have been unyielding in their terms.

 

 

Once Again Prince Philip Demonstrates His Hatred of Humanity

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by Kurt Nimmo | Infowars.com | July 16, 2015

The Duke of Edinburgh, who once expressed his wish to come back as a virulent disease and decimate humanity, has again revealed his contempt for the lower classes in Britain.

During a visit to a Dagenham, east London community centre the longest-serving consort of a reigning British monarch asked a group of women “who do you sponge off?”

An aide feebly attempted to backtrack, saying there was “context” to the remark. He said the insult was in regard to sponge cake

The royals are usually circumspect and do not openly display their contempt for the commoners, but Philip, now 94, as of late has let it all hang out.

Less than a week ago he told a lowly photographer “just take the f—— picture” during a photo session for the Battle of Britain anniversary.

The royals have shown their true colours numerous times.

Philip may want to look into his own sponging before berating the commoners.

The Windsors grab $300 million a year (£180 million) out of the British public coffer.

Queen Elizabeth II is the owner of around 6,600 million acres of land, one sixth of the earth’s non ocean surface, making her the largest landowner on the planet. The value of this mammoth estate is estimated to be approximately £17,600,000,000,000 or $33,000,000,000,000. (admin: that’s $33 Trilion folks)

She is said to be personally worth half a billion dollars. The wealth comes from “property holdings including Balmoral Castle in the Scottish Highlands, stud farms, a fruit farm and marine land throughout the U.K.; extensive art and fine jewelry; and one of the world’s largest stamp collections built by her grandfather,” notes Forbes.

Not included are those assets belonging to the Crown Estate, which she gets to enjoy as Queen, such as $10 billion worth of real estate, Buckingham Palace (estimated to be worth another $5 billion), the Royal Art collection, and unmarked swans on stretches of the Thames.  The Crown has claimed ownership of these birds since the 12th century when swan meat was considered a delicacy; they are no longer eaten. The Queen also receives an annual government stipend of $12.9 million.

 

 

Our worst fears about the market are coming true

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Sean Goldsmith in The Stansberry Digest: 

Today’s Digest carries a grave warning: Our worst fears about the global monetary system are coming true. The wheels are starting to fall off. A crash could be just around the corner.

Below, we’ll show you the specific steps we’re taking to prepare… and how you can do the same. But first, we need to explain how and why the global monetary system is coming unglued. We do this by explaining what’s going on in the giant global market that you probably know nothing about.

Most investors don’t pay any attention to the currency market. But they should.

The currency market is the world’s largest, most important market. It’s where governments, corporations, and investors execute trillions of dollars’ worth of transactions every day. It’s where a Japanese carmaker goes to exchange money earned in American dollars to pay expenses in Japanese yen. It’s where a U.S.-based hotel chain must exchange euros earned in Germany into dollars that can sit in its U.S. bank account. It’s where nations buy and sell currencies by the billions in the normal course of doing business.

The currency market is far, far larger than the stock market. After all, it’s the market for money. When there are real problems in the economy, you see them clearly in the currency market.

We realize the currency market isn’t as exciting as the next Apple or the next Facebook. It doesn’t have the allure of making a killing in a big oil strike. You won’t hear your brother-in-law opining on the likely direction of the Australian dollar.

But ignoring this market – and the messages it is sending right now – is a huge mistake that could bankrupt you and your family.

As you’re about to see, many of the world’s major currencies are plummeting in value right now. They’re plummeting in response to insane government policies that constitute the largest monetary experiment in human history. Monetary experts like Jim Rickards say these policies constitute “currency wars.” This is where the politicians of major economies actively devalue their currencies in order to make their exports cheaper to the rest of the world… and make it so they can pay off debts with devalued currencies. It’s truly a “race to zero.”

The result of this experiment will be financial disaster. And you must take steps to protect yourself.

For example… you may have heard the value of the Japanese yen is declining. But do you know why?

A nation’s currency is like a rough “stock price” of that nation. Generally speaking, if a country manages its finances well and engages in productive behavior, its currency appreciates over the long term. If a country racks up huge debts and runs its finances like a drug addict, its currency depreciates over the long term.

For example, Zimbabwe and Venezuela are two of the worst-managed economies of the last decade. The leaders of these nations treated the national coffers as a personal piggy bank… While they got rich, their constituents toiled in poverty and suffered hyperinflation. Zimbabwe’s currency has lost nearly 75% of its value since 2009 (when its currency was reissued). Venezuela’s currency has lost 70% of its value over the past 10 years.

This brings us to Japan. Japan is the world’s third-largest economy. It’s a leader in automobile and electronics production. But the country announced it officially entered a recession in November… The country’s GDP shrank an annualized 7.1% in the second quarter of 2014 from the previous quarter.

This recession hit despite Prime Minister Shinzo Abe’s massive quantitative easing (QE) in an effort to stimulate Japan’s economy. Beginning in 2012, Abe printed 60 trillion to 70 trillion yen a year (nearly $600 billion). Following the recent recession announcement, Abe said he would up the QE to 80 trillion yen ($676 billion).

Bank of Japan Governor Haruhiko Kuroda said the increased QE “shows our unwavering determination to end deflation.” In other words, Japan will print and print and print…

Recklessly expanding a country’s monetary base is disastrous for its currency. And Abe’s efforts have caused a huge decline in the trade value of the Japanese yen. It’s in a clear downtrend.

The yen lost 33% of its value since late 2012, hitting a seven-year low against the dollar. This is an enormous move for a major currency.

And how about the euro, currency of the world’s largest economic bloc, the European Union?

Regular Digest readers know the European economy is struggling. The high-tax welfare states of France, Spain, Portugal, Italy, and Greece are drowning in debt. Their economies are slowing and deflation is taking hold. Unemployment is soaring. And like Japan, this dire outcome follows massive easing from the European Central Bank.

These economies simply can’t compete with Asia and North America. Naturally, the central bankers are responding with more stimulus and currency devaluation.

Just last week, European Central Bank President Mario Draghi announced he would flood the European currency union with more than $1 trillion in newly created money. It’s a desperate attempt from a desperate group of politicians. Instead of asking citizens to make needed changes in government policy – so-called “austerity” like less welfare – the politicians chose currency devaluation. This sent the euro to an 11-year low against the dollar. It has plummeted 19% since April…

Please keep in mind the enormity of this move. A 19% decline is a stupendous move for a major currency. This isn’t a high-flying tech stock. It’s not a speculative gold stock. This is the value of bank accounts. This is the value of debts. This is the currency of the world’s largest economic bloc. And it’s falling apart.

But it’s not just happening in Europe and Japan. Almost every major currency (save the U.S. dollar) is getting destroyed.

The plunge in oil prices has killed the Canadian dollar. And Canada’s central bank, the Bank of Canada, worsened the decline this month when it cut its benchmark interest rate by 0.25 percentage points to 0.75%.

The Australian dollar plunged 17% from its 52-week high on July 1. And investors believe the Reserve Bank of Australia will cut rates to a record low from today’s 2.5%.

Falling oil prices, a war with Ukraine, and economic sanctions from the U.S. have destroyed the Russian ruble.

And in one of the wildest currency moves in history, the Swiss franc soared as much as 39% against the euro in one day following the Swiss National Bank’s removal of its peg to the euro.

Unlike the rest of the currencies we discussed today, the Swiss franc – a longtime safe-haven asset – appreciated. We’re simply noting that the currency of a stodgy, economically sound country like Switzerland should never experience such volatility.

Something is wrong in the currency markets today…

Despite the madness, we are seeing one bright spot: Gold.

Expansion of the global money supply is generally bullish for the precious metal. Still, the price has slumped. But, as we discussed in the January 20 Digest and the January 21 Digest, gold is forming a bottom.

As you can see from the chart below, gold is breaking out…

Steve Sjuggerud, Matt Badiali, and Jeff Clark are all urging their subscribers to invest in gold right now.

In short, governments can print more money, but they can’t print more gold. And with interest rates across the world at record lows (and in some cases, negative), gold is even more attractive.

Many readers have asked why gold and the U.S. dollar are moving up in lockstep… They believe gold is the “anti-dollar.” But that’s not the case.

Gold is performing well for two main reasons…

First, gold is a currency. In our opinion, it’s the safest currency by a mile because it has no counterparty risk. And again, you can’t print more of it. People are starting to realize this and they’re diversifying into the precious metal.

Second, gold benefits from the “fear trade.” When people get scared of what’s happening in the markets, they want the security of owning gold.

As you can see from the charts above, the world is losing faith in fiat money… so people are rushing to safe-haven assets like the world’s reserve currency (the dollar) and gold.

We’ve been warning about this event for years. We knew global central banks couldn’t continue to boost their economies via quantitative easing forever. Eventually, those debts come due… Eventually, the world loses faith in manipulated fiat currencies.

But what happens then?

As Porter said last week on an episode of Stansberry Radio, “We are in the early stages of the complete collapse of global capitalism.” He thinks stocks could fall by 50% or more.

Regardless of when the market correction comes, you have an incredible opportunity to buy gold today.

The metal is trading for less than $1,300 an ounce, down from its 2011 high of $1,900. We think it could easily hit $2,000 an ounce this year. Jim Rickards, who wrote the book Currency Wars and is an expert on this topic, believes gold will hit $7,000 an ounce one day.

And that’s based on the actions already taken by central banks.

But we’ll undoubtedly see many more shocks to the system in coming years…

For example, it’s possible the euro will disband.

The anti-austerity party Syriza just won the elections in Greece. The party, led by Alexis Tsipras, rallied support by saying Greece would not repay the hundreds of billions of dollars it owes to the “troika” – the Eurpean Central Bank, International Monetary Fund, and European Union (EU).

Upon election, Tsipras softened his language, saying he plans to write Greece’s debt down while abandoning the budget constraints that were part of Greece’s bailout. He also said Greece will stay in the European currency union.

Given politicians’ long history of false statements, we’re not putting much weight in Tsipras’ claims.

Even if Greece does stay in the euro bloc, we’ll see shocks to the system throughout these negotiations. And we’ll likely see more and more Europeans join the “anti-austerity” mindset – with more fringe parties winning elections in the EU.

And the global race to zero is still on… Central banks will continue doing what they’ve always done – printing money. But the consequences are only getting more severe.

So… what actions should you take?

Porter advises everyone to have at least 10% of your net worth in physical gold before you put a penny in the stock market.

If you still need to purchase physical gold, we recommend using two dealers: Van Simmons at David Hall Rare Coins and Rich Checkan at Asset Strategies International.

As we always remind readers, we receive no compensation for recommending their services. You can reach Van at 1-800-759-7575 or by e-mail at van@davidhall.com , and you can reach Rich at 1-800-831-0007 or by e-mail at contactus@assetstrategies.com .

Following that, you should definitely own gold stocks. And when it comes to gold stocks, one man’s track record has outperformed the rest… His name is John Doody.

John’s proprietary method for investing in gold stocks has returned 636% since 2001 – double the gains of bullion.

And right now, John is imploring his subscribers to purchase gold stocks. (He also put his money where his mouth is and personally invested a fortune in the sector.)

But outside of a small group of investors, not many people know about John’s investment strategies.

That’s why a self-proclaimed “financial survivalist” recently published the details online…

Giant profit opportunities don’t come around often in gold stocks. And when they do, it’s important you take advantage… because these stocks soar when the trend moves up.

You can get all the details right here.

 

 

Dow Plunges 360 Points, Erases All Post-QE Gains

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The Nasdaq is today’s biggest loser, down over 2.2%

Zero Hedge | January 27, 2015

The Dow is now down 360 points on the day – its biggest point drop in 19 months. Perhaps more notable is that since the End of QE3, The Dow is now down 0.4% – but the fundamentals we hear you cry…

The Nasdaq is today’s biggest loser, down over 2.2%

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Source

 

British Green Party Wants to Abolish Monarchy

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Party has nowhere near enough support to secure an outright majority in government (Ed : and I say I hope they win…)

Evan Bartlett | i100.independent | January 24, 2015

Natalie Bennett has said that if the Green Party wins the general election it will abolish the monarchy and put the Queen in a council house.

In a week in which the party’s opinion ratings rose while that of the two main parties continued to underwhelm, the Greens have made another attempt to push their anti-Establishment image.

I can’t see that the Queen is ever going to be really poor, but I’m sure we can find a council house for her — we’re going to build lots more.

In an interview with the Times (£), Bennett outlined a number of the party’s policies, including an increased inheritance tax, increased taxes on meat and widespread education reforms.

We have been driven by this neoliberal Thatcherite idea that what motivates people is money. We want to focus on the fact that people don’t just want to work to earn more and more, they want to do other things that often aren’t recognised and valued.

We need to restructure society with the rich paying their way and multinationals paying taxes.

Membership of the party is expected to hit 50,000 any day now and broadcasters announced a revised schedule for the television debates which would include the Greens, as well as the SNP and Plaid Cyrmu.

Thankfully for the Queen, the party is still only boasting a rating of around 11 per cent – nowhere near enough to secure an outright majority in government. She should be safe for a few years yet.

Source

Jeff Gundlach: “If Oil Drops To $40 The Geopolitical Consequences Could Be Terrifying”

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Oil is incredibly important right now.

Zero Hedge | January 5, 2015

In a recent interview with FuW, DoubleLine’s Jeff Gundlach explained his concerns about the oil market not being “unequivocally good” for everyone…

Question: The crash in the oil market is already causing jitters in the financial markets around the globe. What is your take on that?

Gundlach: Oil is incredibly important right now. If oil falls to around $40 a barrel then I think the yield on ten year treasury note is going to 1%. I hope it does not go to $40 because then something is very, very wrong with the world, not just the economy. The geopolitical consequences could be – to put it bluntly – terrifying.

Large and rapid rises and falls in the price of crude oil have correlated oddly strongly with major geopolitical and economic crisis across the globe. Whether driven by problems for oil exporters or oil importers, the ‘difference this time’ is that, thanks to central bank largesse, money flows faster than ever and everything is more tightly coupled with that flow.

Read the Full Report and charts here…

 

Czech President: “Only Poorly Informed People” Don’t Know About Ukraine Coup

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A coup followed by an ethnic cleansing is Nazism and not at all democratic (full Report)

Eric Zuesse | Infowars.com | January 5, 2015

The Czech Republic’s President Milos Zeman said, in an interview, in the January 3rd edition of Prague’s daily newspaper Pravo, that Czechs who think of the overthrow of Ukraine’s President Viktor Yanukovych, on 22 February 2014, as having been like Czechoslovakia’s authentically democratic “Velvet Revolution” are seeing it in a profoundly false light, because, (as Russian Television translated his statement into English) “Maidan was not a democratic revolution.” He said that this is the reason why Ukraine now is in a condition of “civil war,” in which the residents of the Donbass region in Ukraine’s southeast have broken away from the Ukrainian Government.

He furthermore said that, “Judging by some of the statements of Prime Minister Yatsenyuk, I think that he is rather a prime minister of war because he does not want a peaceful solution, as recommended by the European Union (EU), but instead prefers to use force.”

He added, by way of contrast to Yatsenyuk, the possibility that Ukraine’s President, Petro Poroshenko “might be a man of peace.” So: though Zeman held out no such hope regarding Yatsenyuk (who was Obama’s choice to lead Ukraine), he did for Poroshenko (who wasn’t Obama’s choice, but who became Ukraine’s President despite Obama’s having wanted Yatsenyuk’s sponsor, the hyper-aggressive Yulia Tymoshenko, to win the May 25thPresidential election, which was held only in Ukraine’s pro-coup northwest, but claimed to possess authority over the entire country).

What this statement from Zeman indicates is that the European Union is trying to deal with Poroshenko, as the “good cop” in a “good cop, bad cop” routine, with Yatsenyuk playing the bad cop; and, so, the EU’s policies regarding Ukraine will depend upon what comes forth from Poroshenko, not at all upon what comes from the more clearly pro-war, anti-peace, Yatsenyuk.

Furthermore, Zeman’s now publicly asserting that the overthrow of Yanukovych was a coup instead of having merely expressed the democratic intentions of most of the Maidan demonstrators, constitutes a sharp break away from U.S. President Barack Obama, who was behind that Ukrainian coup and who endorses its current leaders.

Zeman isn’t yet going as far as Hungary’s President Viktor Orban did in his siding with Russia’s President Putin against America’s President Obama, but Zeman is indicating that, unless Obama will get Poroshenko to separate himself more clearly from Yatsenyuk (whom the U.S. State Department’s Victoria Nuland actually selected onFebruary 4th to become Ukraine’s Prime Minister in the coup just 18 days later, and so there can be no reasonable question that he is an Obama stooge), Czech policy regarding Ukraine will separate away from Obama’s war against Putin, and will join instead with Putin’s defense against Obama’s Ukrainian assault.

Zeman is thus now in very much the same position that Orban had been prior to Orban’s clear decision recently to side with Putin: each is a head-of-state of a former Soviet satellite nation, which had waged a democratic revolution (in 1956 in Hungary, and in 1968 in Czechoslovakia) against the Soviet communist tyranny. He is saying to his own countrymen, that the tyrant now is the United States, under its President Barack Obama, and is not Russia, under its President Vladimir Putin. That’s a seismic shift, away from the U.S., because of the Ukrainian coup.

Zeman was careful in his selection of which Czech news-medium would hold this interview with him. As wikipedia has noted, Pravo “is the only Czech national daily that is not owned by a foreign company.” The message that this fact sends to Czechs is that Zeman wanted to make clear that foreign influences, and any currying of favor with aristocrats (who own the ‘news’ media) in foreign countries, will not dictate his policies; only the Czech Republic’s own democratic values, and the behavior of Poroshenko, will. Zeman is indirectly telling Obama: Back off from me — you’re trying to get too close, and I won’t tolerate this. When Victoria Nuland said “F—k the EU,” she expressed Obama’s view, and all of them recognized the fact; some, like Orban and Zeman, don’t like to be treated this way; others, such as Germany’s Angela Merkel, seem not to mind.

It’s also interesting that the first two EU nations to indicate that they might leave the EU for an alliance with Russia are both former Soviet satellite countries that revolted against the Soviet dictatorship; both are Eastern European, not Western European. Perhaps these leaders are more loathe to be controlled by tyrants than are the ones for whom the very idea of being subordinate to a tyrant is just a mere abstraction. (Merkel, however, seems simply to love whatever is conservative, even if it might happen to be nazi, as in Ukraine.)

In any case, Ukraine’s coup has already produced one earthquake of historical magnitude, in Hungary, with Orban, and might soon do the same in the Czech Republic, with Zeman (which will depend upon Poroshenko reducing his war against Ukraine’s former east — which, in turn, will depend upon what instructions Obama provides to Poroshenko).

The European Union could actually be in the process of breaking up; and not only because of the Ukrainian civil war, but also because Obama’s forcing each and every one of the EU nations to choose up sides in Obama’s Ukrainian war against Putin will have very different economic effects upon the various individual EU member-nations, some of which will lose far more business with Russia, from adhering to Obama’s sanctions against Russia, than will others that go along with those sanctions.

 

U.S. President Obama is thus now pressing his pedal to the metal in order to achieve maximum destructive force against Russia, regardless of how many or what nations will follow him — perhaps even over the cliff, into a nuclear war. Obama is, in effect, now saying to each and every European head-of-state: Either you’re with us, or you’re against us. He’s George W. Bush II, only with regard to Russia, instead of to Iraq.

It’s “choosing up sides” time, yet again; and, this time, Obama and Putin are both waiting, no doubt each somewhat nervously, to see what his team will consist of, and what the opposing team will turn out to be.

However, there can be no reasonable doubt that Obama was the aggressor here. A coup followed by an ethnic cleansing is nazi, not at all democratic. That’s not opinion; it’s fact; and so it warrants to be noted in a news report, even though (if not especially because) others don’t report this fact, so that it’s still news, for long after it should have been reported as being “news.” Unfortunately, it remains as news, even today.

Investigative historian Eric Zuesse is the author, most recently, of They’re Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010, and of CHRIST’S VENTRILOQUISTS: The Event that Created Christianity.

 

 

 

 

 

Prince Andrew may have been secretly filmed with underage girl he is alleged to have abused

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Papers filed against his pervert pal Jeffrey Epstein say he recorded VIP orgies he threw at his luxury homes using cameras hidden in the walls

UK Daily Mirror | Matthew Drake | January 4, 2015

Prince Andrew’s tycoon pal may have taken compromising photos of him with the underage girl he is alleged to have abused.

Details buried in original court papers filed against pervert Jeffrey Epstein, 61, reveal that he recorded the sordid orgies he threw for VIPs at his luxury homes using cameras hidden in the walls of guest bedrooms.

[…]

The six-year-old papers, seen by the Sunday People, state: “Some of the photographs in the defendant’s possession were taken with hidden cameras set up in [Epstein’s] home in Palm Beach.

“On the Day of his arrest, police found two hidden cameras and photographs of ­underage girls on a computer in the defendant’s home.

“[He] may have taken lewd ­photographs of Jane Doe 102 with his hidden cameras and transported [them] to his other residences and elsewhere.”

Full article here

 

Fatal AirAsia Flight Violated Route Permit: Indonesian Transport Ministry

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AirAsia flight QZ8501 did not have proper authorization to fly the Surabaya – Singapore route on Sunday, the day the plane crashed, while carrying 162 people on board

Sputnik | January 3, 2015

AirAsia’s flight QZ8501 that crashed in the Java Sea on its way from Surabaya to Singapore last Sunday did not have the proper authorization to fly this route, the Wall Street Journal reported on Saturday, citing a spokesman for Indonesia’s transport ministry.

AirAsia has committed a violation of the route that has been given to them,” transport ministry spokesman J.A. Barata told the newspaper.

According to Barata, AirAsia previously had a permission to fly daily flights from the Indonesian city of Surabaya to Singapore but received a new permit in October, allowing it to fly this route only on Mondays, Tuesdays, Thursdays and Saturdays. The airline’s flights along the route have now been suspended.

AirAsia’s Airbus A320-200, carrying 155 passengers and seven crew members, vanished off radars some 40 minutes after takeoff on December 28 and crashed into the Java Sea. The black boxes from the plane are yet to be found.

According to the local media, 30 bodies of the crash victims have been recovered so far. The flight was carrying a total of 162 passengers and crew.

Source

Brazil’s Economy Just Imploded

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The latest Keynesian success story…

Zero Hedge   December 29, 2014

China may have mastered the art of fabricating economic data to a level unmatched by anyone except the US Department of Labor, but its derivative countries have much to learn. And none other more so than one of China’s favorite sources of commodities over the past decade: Brazil. It is here that things are going from worse to catastrophic, as disclosed in today’s update of Brazil’s fiscal picture.

Here are the disturbing facts showing that behind the world’s propaganda growth facade, it is all hollow: Brazil’s consolidated public sector primary fiscal balance, which posted a significantly worse than expected R$8.1bn primary deficit in November driven by the R$6.7bn deficit of the Central Government,dipped into negative territory: -0.18% of GDP, driven by the significant deterioration of the Central Government finances.

more…

 

The Trans-Pacific Partnership (TPP), An Oppressive US-Led Free Trade Agreement, A Corporate Power-Tool of the 1%

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One of the least discussed and least reported issues is the Obama administration’s effort to bring the Trans-Pacific Partnership agreement to the forefront, an oppressive plurilateral US-led free trade agreement currently being negotiated with several Pacific Rim countries.

 

Nile Bowie Global Research 5 Apr 2013

Six hundred US corporate advisors have negotiated and had input into the TPP, and the proposed draft text has not been made available to the public, the press or policymakers. The level of secrecy surrounding the agreements is unparalleled – paramilitary teams scatter outside the premise of each round of discussions while helicopters loom overhead – media outlets impose a near-total blackout of reportage on the subject and US Senator Ron Wyden, the Chair of the Congressional Committee with jurisdiction over TPP, was denied access to the negotiation texts.

The majority of Congress is being kept in the dark as to the substance of the TPP negotiations, while representatives of U.S. corporations — like Halliburton, Chevron, PhaRMA, Comcast and the Motion Picture Association of America — are being consulted and made privy to details of the agreement,” said Wyden, in a floor statement to Congress.

 

In addition to the United States, the countries participating in the negotiations include Australia, Brunei, Chile, Canada, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. Japan has expressed its desire to become a negotiating partner, but not yet joined negotiation, partly due to public pressure to steer-clear.

The TPP would impose punishing regulations that give multinational corporations unprecedented rights to demand taxpayer compensation for policies they think will undermine their expected future profits straight from the treasuries of participating nations – it would push the agenda of Big PhaRMA in the developing world to impose longer monopoly controls on drugs, drastically limiting access to affordable generic medications that people depend on.

The TPP would undermine food safety by limiting labelling and forcing countries like the United States to import food that fails to meet its national safety standards, in addition to banning Buy America or Buy Local preferences.

According to leaked draft texts, the TPP would also impose investor protections that incentivize offshoring jobs through special benefits for companies – the TPP stifles innovation by requiring internet service providers to police user-activity and treat small-scale individual downloads as large-scale for-profit violators.

 

Most predictably, it would rollback regulation of finance capital predators on Wall Street by prohibiting bans on risky financial services and preventing signatory nations from exercising the ability to independently pursue monetary policy and issue capital controls – signatories must permit the free flow of derivatives, currency speculation and other manipulative financial instruments.

 

The US-led partnership – which seeks to impose ‘Shock and Awe’ Globalization – aims to abolish the accountability of multinational corporations to the governments of countries with which they trade by making signatory governments accountable to corporations for costs imposed by national laws and regulations, including health, safety and environmental regulations.

The proposed legislation on Intellectual Property will have enormous ramifications for TPP signatories, including Internet termination for households, businesses, and organizations as an accepted penalty for copyright infringement. Signatory nations would essentially submit themselves to oppressive IP restrictions designed by Hollywood’s copyright cartels, severely limiting their ability to digitally exchange information on sites like YouTube, where streaming videos are considered copyrightable.

Broader copyright and intellectual property rights demands by the US would lock up the Internet, stifle research and increase education costs, by extending existing generous copyright from 70 years to 120 years, and even making it a criminal offense to temporarily store files on a computer without authorization. The US, as a net exporter of digital information, would be the only party to benefit from this,” said Patricia Ranald, convener of the Australian Fair Trade and Investment Network.

 

In the private investor-state that the TPP is attempting to establish, foreign corporations can sue national governments, submitting signatory countries to the jurisdiction of investor arbitral tribunals, staffed by private sector attorneys. International tribunals could have authority to order governments to pay unlimited cash compensation out of national treasuries to foreign corporations and investors if new or existing government policy hinders investors’ expected future profits.

The domestic taxpayer in each signatory country must shoulder any compensation paid to private investors and foreign corporations, in addition to large hourly fees for tribunals and legal costs. A good example of how this agreement neuters national sovereignty comes from Malaysia, which was able to recover from the 1997 Asian Financial Crisis more quickly than its neighbours by introducing a series of capital control measures on the Malaysian ringgit to prevent external speculation – the TPP’s proposed measures would restrict signatory nations from exercising capital controls to prevent and mitigate financial crises and promote financial stability.

 

The TPP regime ensures that foreign investors and multinational corporations retain full rights to undermine the sovereignty of participatory nations by skirting domestic regulations and limiting the abilities of national governments to issue independent economic policy.

There has never been such a sweeping corporate assault on sovereignty, and that includes US sovereignty. Leaked TPP documents detail how the Obama administration intends to surrender US sovereignty to international tribunals that operate under World Bank and UN rules to settle disputes arising under the TPP, specifically designed to leave Congress out in the cold while creating a judicial authority higher than the US Supreme Court. In theory, the TPP would give international judicial entities the authority to override US laws, allowing foreign companies doing business in the United States the privilege of operating in a legal environment that would give them significant economic advantages over American companies that remain tied to US laws, placing domestic companies who do not move offshore at a competitive disadvantage.

 

Facing the emergence of strong developing economies like the BRICS group and other nations that seek greater access to industrial growth and development, the Obama administration realizes that it must offer Pacific nations – who would otherwise have greater incentives in deepening economic ties with China – an attractive stake in the US economy. As the Pentagon repositions its military muscle to the Asia-Pacific region, the TPP is clearly the economic arm of the ‘Asia Pivot’ policy, roping strategic economies into a legally binding corporate-governance regime, lured in by the promise of unfettered access to US markets.

The Obama administration is essentially prostituting the American consumer to foreign corporations to usher in a deal that would impose one-size-fits all international rules that even limit the US government’s right to regulate foreign investment and the appropriation of natural resources, solidifying a long-discussed model of finance capital-backed global governance.

 

Of the 26 chapters of the proposed TPP draft text, it is reported that only two chapters cover trade issues, related to slashing tariffs and lifting quotas. The TPP would obligate the federal government to force US states to conform state laws to over a thousand pages of detailed stipulations and constraints unrelated to trade – from land use to intellectual property rights – authorizing the federal authorities to use all possible means to coax states to comply with TPP rules, even by imposing sanctions if they fail to do so.

According to leaked documents, US standards for property rights protection would be swept away in favour of international property rights standards, as interpreted by TPP’s unelected international tribunals, giving investors principal control over public land and resources “that are not for the exclusive or predominant use and benefit of the government.”

Due to the unconstitutional nature of the TPP, members of Congress would likely object to many of its stipulations – naturally, the Obama administration is employing its executive muscle to restrict congressional authority by operating under “fast-track authority,” a trade provision that requires Congress to review an FTA under limited debate in an accelerated time frame subject to a yes-or-no vote so as to assure foreign partners that the FTA, once signed, will not be changed during the legislative process.

 

No formal steps have been taken to consult Congress as the agreement continues to be negotiated, and Obama looks set to subtly ram the treaty into law. Such is the toxic nature of US policies that seek to bring in disaster-capitalism on a global scale, while keeping those whose lives will be most affected by deal completely in the dark. The message behind this unfettered corporate smash and grab is simple – bend over!

 

Recent statistics claim that the combined economic output of Brazil, China and India will surpass that of Canada, France, Germany, Italy, the United Kingdom and the United States by 2020. More than 80% of the world’s middle class will live in the South by 2030, and what a different world that would be.

The United States is economically ailing, and the TPP – Wall Street’s wet dream and Washington’s answer to its own dwindling economic performance – is designed to allow US big business a greater stake in the emerging Pacific region by imposing an exploitative economic model on signatory nations that exempt multinationals and private investors from any form of public accountability.

The TPP’s origins go back to the second Bush administration, and it still remains in the negotiating phases under Obama’s second administration. The overwhelming lack of transparency surrounding the talks lends credence to what is known already – that the contents of this trade agreement serve the interests of those on the top of the economic food chain while the rest of us stagnate on the menu.

 

………………….

Nile Bowie is an independent political analyst and photographer based in Kuala Lumpur, Malaysia.
He can be reached at nilebowie@gmail.com 

 

 

 

 

North Korea almost certainly lacks basic technical capability to carry out its big war plan

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Max Fisher washingtonpost.com March 31, 2013

North Korea is sending lots of signals that it’s about to start World War III. While there is a real risk that some misstep or miscalculation might accidentally start a conflict, and while it is certainly possible that the country could repeat a smaller-scale attack like its November 2010 shelling of South Korea’s Yeonpyeong Island, there are some very good reasons to think that Pyongyang is bluffing about full-scale nuclear war.

Still, it’s worth asking: Could North Korea carry out its “U.S. Mainland Strike Plan,” apparently detailed on a chart in Kim Jong Un’s war room, in which it launches simultaneous missile attacks on Guam, Hawaii and major cities on the West and East coasts? What about its threatened “precision nuclear strikes” against the U.S.?

The short answer is, no, probably not. Let’s rule out the nuclear threat right now: while North Korea does have nuclear warheads, it does not appear to have mastered the technology to miniaturize them enough to put on top of a missile.

 

Read more

 

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Over 20 Tons of Heroin Seized in Afghanistan

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RIA Novosti March 14, 2013

Almost 21 tons of heroin have been seized in an operation in eastern Afghanistan , the head of Russia’s Federal Drug Control Service (FSKN) said on Tuesday.

“An operation was carried out yesterday in the province of Nangarhar, during which several drug production labs were destroyed and almost 21 tons of heroin seized,” FSKN head Viktor Ivanov said.

 

He said FSKN officers had taken part in the “unique operation.”

“Twenty-one tons is, in essence, the annual volume of drugs brought into Russia,” Ivanov said.

 

Read more

 

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Venezuela’s Hugo Chavez dies at 58

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BBC News March 5, 2013

Venezuela’s President Hugo Chavez has died, his vice-president has announced.

Mr Chavez had not appeared in public since he returned to Venezuela last month after cancer treatment in Cuba.

An emotional Nicolas Maduro made the announcement on Tuesday evening, flanked by leading Venezuelan political and military leaders.

Earlier, he said the 58-year-old Venezuelan leader had a new, severe respiratory infection and had entered “his most difficult hours”.

 

 

Read more

 

 

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Why Are Giant Sinkholes Appearing All Over America? Is Something Happening To The Earth’s Crust?

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Michael Snyder American Dream March 4, 2013

Where are all of these giant sinkholes coming from?  Of course there have always been sinkholes, but over the past few years it seems like both the severity and the number of giant sinkholes has been increasing dramatically.  So exactly why are so many giant sinkholes appearing all over America all of a sudden?  Is something happening to the earth’s crust, or is there some other explanation?

The “experts” are blaming this epidemic of sinkholes on things like loose soil, acidic groundwater, new construction, leaky water pipes, coal mines, fracking, long periods of drought followed by rain, and depletion of underground aquifers, but do they really understand what is going on?

On Thursday, a 37-year-old man named Jeffrey Bush living near Tampa, Florida died when the earth underneath his home suddenly opened up and swallowed him alive.  His brother tried to help him when he heard Jeffrey screaming, but it was too late.  The entire bedroom was sucked deep into the earth and the home had to be rapidly abandoned.  Now authorities are admitting that he will probably never be found.  So is this type of thing really “normal”?  It would be one thing if this was just an isolated incident, but the truth is that giant sinkholes have been appearing with increasing frequency all over the planet lately. Could this be an indication that major earth changes are on the way?

Florida has always been an area that has been prone to sinkholes, but the numbers do show that sinkhole damage in the state has increased very rapidly in recent years.  According to ABC News, insurance claims related to sinkholes more than doubled between 2006 and 2009…

Hillsborough County, where Seffner is situated, is part of an area in Florida prone to sinkholes, with insurance claims associated with them more than doubling between 2006 and 2009, according to a Florida Senate report.

But that is just Florida, right?

 

Other parts of the country are not having this kind of a problem, right?

Wrong.

Just check out what has been happening in Harrisburg, Pennsylvania lately.  There are dozens of sinkholes that have opened up in Harrisburg, and the city is so broke that it doesn’t have the money to fix all of them.

In fact, at this point there are 41 sinkholes that have been documented in Harrisburg, and many of them are right in the middle of the street…

Pennsylvania’s state capital is suffering from a rash of monster sinkholes, but city officials are too broke to do anything about it.

 

 

Loose soil and leaky, century-old underground water pipes are to blame for the municipal nightmare, which came to a head on the New Year’s Eve when a 50-foot sinkhole yawned open along Fourth Street, the Wall Street Journal reported.

 

The eight-foot deep crater — one of at least 41 in the city — is so large, locals made it a “check-in” site on the social media site Four Square.

 

Some cheeky residents and the media nicknamed the hole “Super Sinkhole Walter.”

Of course there have been lots of cities throughout U.S. history that have experienced such an epidemic of sinkholes, right?

There is no reason to be alarmed, right?

 

In a previous article about sinkholes, I talked about a sinkhole that recently formed in Ohio that was the size of four football fields and that was more than 30 feet deep.  It caused part of State Route 516 to collapse and authorities were projecting that the road would continue to stay closed for months to come.

 

But that is “normal”, right?

The giant Louisiana sinkhole in Assumption Parish that made headlines all over the nation last year is now more than 800 feet in diameter.  It just continues to grow, and authorities have no idea when it will stop growing.

But this kind of thing happens all the time, right?

Just recently, large sinkholes forced roads to close in New Jersey and in Arizona.  Of course those incidents will soon be forgotten because there are more news stories about major sinkholes in the United States almost every single day now.  Giant sinkholes have been happening with such regularity that people hardly take notice anymore.

You can see some photos of some of the craziest sinkholes in recent years right here.  It would be one thing if giant sinkholes were just appearing in the United States, but unfortunately that is not the case.

 

For instance, a sinkhole that appeared in the middle of Guatemala City in 2010 was about 30 stories deep.

Down in Sarisarinama, Venezuela some sinkholes have appeared in recent years that are more than 1,000 feet wide.

China has been one of the worst areas of the world for sinkholes over the past several years.  In fact, just check out what has been happening in one village in China recently

Residents in the village of Lianyuan in southern China’s Hunan Province have been treading rather gingerly these last few months.

Over 20 sinkholes have opened up in the ground since last September. The cave-ins, which range in size, have seen houses collapse and rivers run dry. And there is never any warning as to where and when the sinkholes occur. According to local authorities, the main reason for the cave-ins is the number of coalmines in the area. It is not clear what steps are being taken to prevent further sinkholes from appearing.

 

I could go on and on with more examples from all over the globe, but hopefully you are starting to get the point.

Giant holes are opening up all over the earth and swallowing homes, buildings, roads and sometimes even people.

So why is this happening?

Is the crust of the earth becoming more unstable?

Or is something else at work?

 

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Wake Yourselves & Others Up With These Free Alex Jones Films

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Link here to download Full Length Documentary Films by Alex Jones…

 

Infowars.com February 26, 2013

 

 

The Obama Deception

 

Endgame: Blueprint for Global Enslavement

 

Fall of the Republic

 

 

Howard Stern Show Talking Points

These are some of the issues that Howard wanted to raise during the show, so we provided the links below.

 

WHY OBAMA IS A CRIMINAL

Citizens File Articles of Impeachment Against Obama – Full documented list of Obama’s innumerable violations of the Constitution.

 

DETENTION CAMPS IN THE UNITED STATES

Homeland Security Contracts KBR to Build Detention Centres in the US

Leaked U.S. Army Document Outlines Plan For Re-Education Camps In America

Yes, The Re-Education Camp Manual Does Apply Domestically to U.S. Citizens

Government Activating FEMA Camps Across U.S.

Army Manual Outlines Plan To Kill Rioters, Demonstrators In America

 

OUR POISONED WATER

Shrimp on Prozac commit suicide

Study: Gender-Bending Fish Widespread In U.S.

Harvard Study Finds Fluoride Lowers IQ

Professor Paul Connett ~ Your Toxic Tap Water

Study Proves Fluoride Brain Damage

Obama Science Advisor Called For “Planetary Regime” To Enforce Totalitarian Population Control Measures

 

9/11 OFFICIAL STORY

The Third Building Which Collapsed on 9/11 Was Not Hit By a Plane

Complete 911 Timeline

Pentagon Officials Warned Not to Fly September 10th

Hijackers Trained at U.S. Bases

 

 

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Iran to Execute 4 Bankers on Fraud Charges

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Brittany Stepniak wealthwire.com February 22, 2013

Iran’s judiciary system recently worked through the biggest banking fraud case in the nation’s history.

According to The New York Times, the outcome of the case was made official on Monday. Results were dramatic to say the least.

Judiciary spokesman Gholam-Hossein Mohseni-Ejei told reporters that four people had been officially sentenced to death on charges of corruption and “disrupting the country’s economic system.”

The guilty party was responsible for mishandling $2.6 billion of funds – using forged documents in order to receive credit from banks, permitting them to purchase state-owned companies.

 

From PressTV:

According to the indictment, the owners of Aria Investment Development Company, which is at the center of the controversy, had bribed bank managers to get loans and letters of credit. The company has more than 35 offshoots which are active in diverse business activities.

 

The four are Mahafarid Amir-Khosravi…[the prime suspect], Behdad Behzadi, his legal advisor, Iraj Shoja, his financial solicitor and Saeed Kiani Rezazadeh, head of the Ahvaz branch of Saderat Bank,” he [Gholam-Hossein Mohseni-Ejei] said.

 

Additionally, the president of the Bank Melli branch in Kish was condemned to life in prison. The former deputy minister Khodamorad Ahmadi has been ordered to spend a decade in prison as well, according to Iran’s attorney general, Mohseni-Ejei.

Several others involved in this infamous scandal have also been slapped with heavy fines and many have also been prohibited from holding public office.

 

Economist Nouriel Roubini added his two cents on the subject, reporting to Bloomberg:

“Bankers are greedy; they’ve been greedy for the last hundreds of years…t’s not a question if they are more immoral today then they were a thousand years ago, you have to make sure they behave in ways in which you minimize those risks.”

 

This message surely hits a little too close to home for central bankers across the globe who have been engaged with fraud and corruption in the past or present.

Constituents and political leaders spend a big chunk of time debating over how to deal with our crumbling economy. Ending system abuse from insiders and the Fed alike would undoubtedly have a positive ripple effect, but how is that goal going to be achieved? Thus far, not a single chief central banker has been arrested in light of the financial crisis.

 

 

[warning]This is completely asinine.[/warning]

They keep making more money, while we struggle to thrive in the middle class. The brutal truth is that banks prosper when people are on welfare. They’re invested in keeping you down and could care less about your American Dream.

Perhaps Iran is on to something by enforcing real consequences when insiders mess with the country’s entire economic system. The death sentence decision is obviously harsh (Iran’s justice system is pretty harsh in general). Alas, what’s decided cannot be undone. They said they are trying to set an example.

Elite criminals shouldn’t be treated differently than any other criminal; they should be prosecuted, not protected.

 

 

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