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America's Monetary Crisis: Even the Council on Foreign Relations Is Saying It: Time to ... - 0 views

www.globalresearch.ca/...5398884 banksters economic-collapse trickle-down
shared by Paul Merrell on 09 Sep 14 - No Cached
  • The Fed, it seems, has finally run out of other ammo. It has to taper its quantitative easing program, which is eating up the Treasuries and mortgage-backed securities needed as collateral for the repo market that is the engine of the bankers’ shell game. The Fed’s Zero Interest Rate Policy (ZIRP) has also done serious collateral damage. The banks that get the money just put it in interest-bearing Federal Reserve accounts or buy foreign debt or speculate with it; and the profits go back to the 1%, who park it offshore to avoid taxes. Worse, any increase in the money supply from increased borrowing increases the overall debt burden and compounding finance costs, which are already a major constraint on economic growth. Meanwhile, the economy continues to teeter on the edge of deflation. The Fed needs to pump up the money supply and stimulate demand in some other way. All else having failed, it is reduced to trying what money reformers have been advocating for decades — get money into the pockets of the people who actually spend it on goods and services.
  • Blyth and Lonergan write: [L]ow inflation . . . occurs when people and businesses are too hesitant to spend their money, which keeps unemployment high and wage growth low. In the eurozone, inflation has recently dropped perilously close to zero. . . . At best, the current policies are not working; at worst, they will lead to further instability and prolonged stagnation. Governments must do better. Rather than trying to spur private-sector spending through asset purchases or interest-rate changes, central banks, such as the Fed, should hand consumers cash directly. In practice, this policy could take the form of giving central banks the ability to hand their countries’ tax-paying households a certain amount of money. The government could distribute cash equally to all households or, even better, aim for the bottom 80 percent of households in terms of income. Targeting those who earn the least would have two primary benefits. For one thing, lower-income households are more prone to consume, so they would provide a greater boost to spending. For another, the policy would offset rising income inequality. [Emphasis added.]
  • A money drop directly on consumers is not a new idea for the Fed. Ben Bernanke recommended it in his notorious 2002 helicopter speech to the Japanese who were caught in a similar deflation trap.
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  • Assume a $1 trillion dividend issued in the form of debit cards that could be used only for goods and services. A back-of-the-envelope estimate is that if $1 trillion were shared by all US adults making under $35,000 annually, they could each get about $600 per month.  If the total dividend were $2 trillion, they could get $1,200 per month. And in either case it could, at least in theory, all come back in taxes to the government without any net increase in the money supply.
  • Paul Merrell on 09 Sep 14
     
    Have the banksters finally accepted that trickle-down economics does not work, that only a money-drop on the lower classes can get the economy growing again? 
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Two Supermarket Executives Charged With Hoarding in Venezuela | venezuelanalysis.com - 0 views

venezuelanalysis.com/11294 war & peace Venezuela U.S.-foreign-policy hoarding litigation
shared by Paul Merrell on 25 Mar 15 - No Cached
  • Two managers of the private supermarket chain Dia Dia were formally charged by the Venezuelan state prosecutor yesterday with the alleged crimes of boycott and destabilization of the economy. Manuel Andrés Morales Ordosgoitti and Tadeo Arriechi Franco were arrested at the beginning of February after state authorities uncovered ton loads of basic items in a Dia Dia warehouse in Caracas. The indictments are part of a ramped up effort on the part of the Venezuelan government to crack down on hoarding and speculation by large private retailers, which is a primary contributing factor to inflation and widespread scarcities of basic goods.
  • The Bolivarian government has regulated the prices of everyday goods for years, in order to ensure access by the majority of Venezuelans for whom they were unaffordable under previous administrations. Nonetheless, the government has accused the private sector of exploiting this policy by hoarding cheap subsidized goods, creating consumer gaps, then selling them at exorbitant prices on the black market in what President Maduro has termed an “economic war” waged to destabilize the socialist government. Last month, board members of the private firms Dia Dia and Carnica 2005 were arrested for their companies’ role in a massive hoarding operation.
  • Carnica 2005 was nationalized and integrated into the state food distribution network PDVAL. Dia Dia operates 35 supermarkets throughout Venezuela, which are largely found in low-income communities.
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  • On Monday, Venezuelan Vice-President Jorge Arreaza inaugurated the first of the nation’s “people’s military commands” in Lara state, which will be charged with “generating a victory in the economic war.” Last month, President Nicolas Maduro unveiled his plan for the creation of “peoples’ military commands” throughout the nation designed to combat “economic sabotage” at the local level by ensuring the supply of basic food and hygiene products as well as medicines. “The men and women who form these commands have the responsibility of attending to the denunciations of the people and safeguarding their access to food, medicine, and all necessary products,” declared the vice-president.
  • The people’s commands will reportedly operate in coordination with social movements, communal councils and communes, and state security organs, although details remain limited as the project is gets off the ground. 
  • Paul Merrell on 25 Mar 15
     
    It's a big problem in Venezuela. The government subsidizes the purchase of consumer goods so that they can be priced lower for those with low incomes. But the right-wing "capitalists" aligned with U.S. covert agencies hoard the goods, creating artificial market shortages, then sell the goods on the black market at inflated prices. The current response by the government is criiminal prosecutions coupled with nationalization of businesses that don't hear the message. I suspect that the government may be forced at some point to drop the subsidies and begin writing welfare checks to low income citizens instead. The Bolivarian government is absolutely committed to ending poverty in Venezuela. Of course this smells too much of socialism for U.S. government tastes, which has been attempting to overthrow the Bolivarian government ever since it nationalized the oil industry. 
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EU issues guidelines on labelling products from Israeli settlements | World news | The ... - 0 views

www.theguardian.com/...ducts-from-israeli-settlements war & peace Israel settlements products labeling EU
shared by Paul Merrell on 11 Nov 15 - No Cached
  • The European Union has issued new guidelines for the labelling of products from illegal Israeli settlements in the occupied Palestinian territories, after years of deliberation and in the teeth of fierce Israeli opposition. Binyamin Netanyahu, the Israeli prime minister, made a personal appeal to a number of key European figures in the runup to the decision, in which he said the plan was discriminatory, indicative of double standards, and would embolden those who seek to “eliminate” Israel. The measures will primarily cover fruit and vegetables and should affect less than 1% of all trade from Israel to the EU, which is worth about €30bn. EU officials said existing measures for produce brought into Britain have had no negative economic effect.
  • On some products, like fruit and vegetables, the labelling referring to settlements will be mandatory, while on others it will be voluntary. Israel sees the move as a political stigma that rewards Palestinian violence and will push consumers away. It immediately summoned the EU ambassador to Israel, Lars Faaborg-Andersen, in protest. The Israeli foreign ministry said the EU has chosen “for political motives, to take an unusual and discriminatory step” at a time when Israel is facing a wave of terror. In a statement, the ministry said it was “surprised and even angered by the fact that the EU chooses to implement a double standard against Israel, while ignoring 200 territorial disputes taking place today around the world, including within [the EU] or right on [Israel’s] doorstep”. The EU’s claim that the decision was a “technical step” was baseless and cynical, the statement added.
  • Despite insisting in public that the new guidelines provide clarity to consumers, European diplomats have privately made it clear the move is designed to put pressure on Israel over its continued settlement building in the occupied territories and the absence of a peace dialogue; a sharp rise in violence between Israelis and Palestinians has claimed 90 lives in the last month. Announcing the new guidelines, a European commission official said it had “adopted this morning the Interpretative Notice on indication of origin of goods from the territories occupied by Israel since June 1967”. Although the new guidelines are expected to have little real economic impact, they do carry a political significance for Israel, not least because of the widespread agreement among European governments over their implementation. The decision to push ahead with issuing the guidelines also marks the second major defeat in a year for Netanyahu on an international stage, following his defeat over the Iran nuclear accord, amid mounting evidence of Israel’s growing international isolation.
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  • Senior European officials insist that European consumers are entitled to know the source of goods previously labelled as Israeli. Israeli politicians – including Netanyahu – have made comparisons between labelling and the Nazi era, with some suggesting the move is immoral and antisemitic.
  • On Tuesday, a letter leaked to the Guardian showed that Netanyahu had written or spoken to a number of senior European figures, including European parliament president Martin Schulz, asking for their help to block the move. In a letter to Schulz, the Israeli prime minister said the move was politicised, adding that it could “lead to an actual boycott [of Israel], emboldening those who are not interested in Israeli-Palestinian peace but eliminating Israel altogether”. Since 2003, the EU has placed a numerical code on Israeli imports to allow customs to distinguish between products made within the Green Line and those that are produced beyond it. The UK adopted labelling guidelines for settlement products three years ago.
  • Paul Merrell on 11 Nov 15
     
    Too mild. Under international law, the EU should do a total ban on importing all products from the Occupied Territories. 
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Will you choose liberty, or just a new boss? - Tea Party Command Center - 0 views

teapartyorg.ning.com/...show Matt-Kibbe Patriot Banksters
shared by Gary Edwards on 31 Jan 16 - No Cached
  • Let’s get our terms right first. “The establishment” is the network of special interests—politicians, crony capitalists, lobbyists and career bureaucrats—who feed at the public trough at the expense of the common good. Members of the establishment don’t like rocking the boat, because they have worked so hard to ensure that they are always the ones riding high and dry. “The establishment” is neither Democratic nor Republican, nor is it “liberal” or “conservative.” It’s not even “the rich” versus “the poor.” It is simply the cancer that can consume great nations when government gets too big, too involved, and too powerful.
  • Too much concentrated power in Washington always accrues to the benefit of the establishment, because they will always get to the table first.
  • Compromise is the currency, because that’s how everyone gets paid. Everyone wants something from someone. Everyone is looking for a play, wanting to cut a better deal.
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  • The real alternative to the tyranny of the D.C. establishment has always been more liberty, not a better, more benevolent despot. America’s genius comes from each of us, working together in voluntary cooperation to solve problems, from the bottom, up. We need a leader who gets it. Someone who respects our Constitution’s essential role in limiting power. Someone who wants to rein in intrusive government, and all of the inside dealers who feed off of it. A president can never give you liberty, but we should all insist on one who respects it.
  • Gary Edwards on 31 Jan 16
     
    "Socialist Bernie Sanders is beating Hillary Clinton over the head with his figurative Birkenstocks, and The Donald is plowing through the Republican presidential field like a giant, perfectly coiffed, Stay Puft Marshmallow Man. The establishment is freaking out, and it's about damn time. Their collective panic suggests that entrenched interests finally understand that their world is threatened; that the rules have changed, that insider power is waning, that we are onto their game. We now know what the establishment has been up to behind the cloistered marble walls of our government, and we are royally pissed. This is an opportunity of a lifetime, if we get it right. But you have to choose. Will you choose liberty, or just a new boss? Let's get our terms right first. "The establishment" is the network of special interests-politicians, crony capitalists, lobbyists and career bureaucrats-who feed at the public trough at the expense of the common good. Members of the establishment don't like rocking the boat, because they have worked so hard to ensure that they are always the ones riding high and dry. "The establishment" is neither Democratic nor Republican, nor is it "liberal" or "conservative." It's not even "the rich" versus "the poor." It is simply the cancer that can consume great nations when government gets too big, too involved, and too powerful. "Are you willing to hold your nose this time, cut the best deal you think you can, simply because you want to beat the establishment?" "The establishment" is the fortress of political inertia that makes it so difficult to reform Washington, or to stop "them" from spending money we don't have. They are just insiders with a seat at the table redirecting taxpayer resources to their benefit, and always resisting reformers and "outsiders" who might upset their apple cart."
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Retail Week Live: How can social media boost consumer appeal? - 0 views

www.retail-insight-network.com/...social-media-in-retail #Retailer_Making #Social_Media_Boost #Boost_Consumer #CEO #John_Robots #London_Retail #Facebook_Head #Europe_Nicola_Mendelsohn
shared by jacob logan on 01 Apr 19 - No Cached
  • jacob logan on 01 Apr 19
     
    Fresh from her conversation with AO.com CEO John Roberts at London's Retail Week Live event, Facebook's head of Europe Nicola Mendelsohn explains how retailers can use social media campaigns to gain traction with consumers.
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A Primer for Rich Donors Who Got Taken to the Cleaners by Republican Consultants | RedS... - 0 views

www.redstate.com/...ners-by-republican-consultants Erick-Erickson Red-State Gravity-Program Catalyst-Program election-2012
shared by Gary Edwards on 27 Nov 12 - No Cached
  • Gary Edwards on 27 Nov 12
     
    Red State Erick Erickson explains the nuts and bolts of "data" and how to use it to run a successful political campaign.  "Data" is not quite what most of us think.  Erick breaks it down, explaining how "voter data" is determined, and then cast against an overlay of consumer data.  You gotta love his explanation of the critical and absolutely essential base line "dead dog" election number that must be established in each voting precinct. Great lesson in how campaign consultants can make or break an election.  Erick sites the "Gravity" program used by Conservative SuperPac groups like "Ending Spending", "FreedomWorks", "Heritage Action for America", "American Majority" and the "Madison Project".   Erick fully explains "Gravity", and mentions the Democrat program called "Catalyst".  Sadly, the big time consultants working for most of the SuperPacs and the Repubican Party did not use "Gravity".  Instead, they tried to kill it.  Erick explains all in this must read primer for political elections.  Awesome.
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Paul Craig Roberts: Our Collapsing Economy and Currency - 0 views

www.informationclearinghouse.info/article33198.htm war & peace economy currency financial-collapse
shared by Paul Merrell on 04 Dec 12 - No Cached
  • Is the “fiscal cliff” real or just another hoax? The answer is that the fiscal cliff is real, but it is a result, not a cause. The hoax is the way the fiscal cliff is being used. The fiscal cliff is the result of the inability to close the federal budget deficit. The budget deficit cannot be closed because large numbers of US middle class jobs and the GDP and tax base associated with them have been moved offshore, thus reducing federal revenues. The fiscal cliff cannot be closed because of the unfunded liabilities of eleven years of US-initiated wars against a half dozen Muslim countries--wars that have benefitted only the profits of the military/security complex and the territorial ambitions of Israel. The budget deficit cannot be closed, because economic policy is focused only on saving banks that wrongful financial deregulation allowed to speculate, to merge, and to become too big to fail, thus requiring public subsidies that vastly dwarf the totality of US welfare spending.
  • The real crisis facing the US is the impending collapse of the US dollar’s foreign exchange value. The US dollar’s value in relation to silver and gold has already collapsed. In the past ten years, gold’s price in US dollars has increased from $250 per ounce to $1,750 per ounce, an increase of $1,500. Silver’s price has risen from $4 per ounce to $34 per ounce. These price rises are not due to a sudden scarcity of gold and silver, but to a flight from the dollar into the two forms of historical money that cannot be created with the printing press.
  • What can be done? For a number of years I have pointed out that the problem is the loss of US employment, consumer income, GDP, and tax base to offshoring. The solution is to reverse the outward flow of jobs and to bring them back to the US. This can be done, as Ralph Gomory has made clear, by taxing corporations according to where they add value to their product. If the value is added abroad, corporations would have a high tax rate. If they add value domestically with US labor, they would face a low tax rate. The difference in tax rates can be calculated to offset the benefit of the lower cost of foreign labor. As all offshored production that is brought to the US to be marketed to Americans counts as imports, relocating the production in the US would decrease the trade deficit, thus strengthening belief in the dollar. The increase in US consumer incomes would raise tax revenues, thus lowering the budget deficit. It is a win-win solution.
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  • The second part to the solution is to end the expensive unfunded wars that have ruined the federal budget for the past 11 years as well as future budgets due to the cost of veterans’ hospital care and benefits. According to ABC World News, “In the decade since the Sept. 11, 2001 terrorist attacks on the World Trade Center, 2,333,972 American military personnel have been deployed to Iraq, Afghanistan or both, as of Aug. 30, 2011 [more than a year ago].” These 2.3 million veterans have rights to various unfunded benefits including life-long health care. Already, according to ABC, 711,986 have used Veterans Administration health care between fiscal year 2002 and the third-quarter of fiscal year 2011. http://abcnews.go.com/Politics/us-veterans-numbers/story?id=14928136#1 The Republicans are determined to continue the gratuitous wars and to make the 99 percent pay for the neoconservatives’ Wars of Hegemony while protecting the 1 percent from tax increases. The Democrats are little different.
  • No one in the White House and no more than one dozen members of the 535 member US Congress represents the American people. This is the reason that despite obvious remedies nothing can be done. America is going to crash big time. And the rest of the world will be thankful. America along with Israel is the world’s most hated country. Don’t expect any foreign bailouts of the failed “superpower.”
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Doug Casey: All Banks Are Bankrupt - Casey Research - 1 views

www.caseyresearch.com/...g-casey-all-banks-are-bankrupt Doug-Casey Banksters Cyprus Casey-Research
shared by Gary Edwards on 04 Apr 13 - No Cached
  • Gary Edwards on 04 Apr 13
     
    This interview should be must reading for every citizen of this world.  Doug Casey lays it out, explaining in the simplest of terms the problem of corrupt governments and banksters.  Put this RSS feed right next to Sir Charles' Priced In Gold" blog as essential to start your day with reading. excerpt: "Anyone with any sense should withdraw whatever cash they have in European banks, whether in euros or any other currency, immediately. Cyprus demonstrated that governments are quite willing and able to confiscate money sitting in a bank account in order to preserve the banking system. We live in Bizarro World. L: Why would it spread? Cyprus was said to be particularly vulnerable because of its strong Greek connections; Cypriot banks had bought of lot Greek debt. Would people in Luxembourg be as exposed? Doug: All banks are in effect creatures of the state at this point. They all own a lot of government bonds, which are considered the most secure form of capital. Of course, that's the opposite of the truth; all these governments are bankrupt as well. The Greek government is just more overtly bankrupt than most. Actually, we should take a minute here to discuss what a properly run banking system looks like. Historically, banks offered two types of accounts: demand deposits and time deposits. Demand deposits are what we call checking accounts today, but the original idea was that you'd pay your bank to store your money securely, and you had the right to "demand" your deposit back immediately, and to transfer funds via check. The idea of time deposits, which became savings accounts, was that the bank would pay you interest when you deposited your money with them for a specific period of time. That's why it's called a "time" deposit; you lent the bank your money for a given time, as did other depositors, and the banks would always know how much money they could lend out - at higher interest rates. Furthermore, loans made against time deposits were always short term
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75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe - 0 views

theeconomiccollapseblog.com/...re-almost-too-crazy-to-believe economic-collapse Obammunism Obamanomics
shared by Gary Edwards on 13 Jan 13 - No Cached
  • Gary Edwards on 13 Jan 13
     
    Thanks to Marbux we have this extraordinary collection of facts and figures describing the economic catastrophe that has hit the USA.  excerpt: "What a year 2012 has been!  The mainstream media continues to tell us what a "great job" the Obama administration and the Federal Reserve are doing of managing the economy, but meanwhile things just continue to get even worse for the poor and the middle class.  It is imperative that we educate the American people about the true condition of our economy and about why all of this is happening.  If nothing is done, our debt problems will continue to get worse, millions of jobs will continue to leave the country, small businesses will continue to be suffocated, the middle class will continue to collapse, and poverty in the United States will continue to explode.  Just "tweaking" things slightly is not going to fix our economy.  We need a fundamental change in direction.  Right now we are living in a bubble of debt-fueled false prosperity that allows us to continue to consume far more wealth than we produce, but when that bubble bursts we are going to experience the most painful economic "adjustment" that America has ever gone through.  We need to be able to explain to our fellow Americans what is coming, why it is coming and what needs to be done.  Hopefully the crazy economic numbers that I have included in this article will be shocking enough to wake some people up. The end of the year is a time when people tend to gather with family and friends more than they do during the rest of the year.  Hopefully many of you will use the list below as a tool to help start some conversations about the coming economic collapse with your loved ones.  Sadly, most Americans still tend to doubt that we are heading into economic oblivion.  So if you have someone among your family and friends that believes that everything is going to be "just fine", just show them these numbers.  They are a good summary of the problems that the U
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Big Pharma Accused Of Illegal Price-Fixing, What You're Not Being Told - 0 views

www.mintpressnews.com/...223290 Big-Pharma antitrust price-fixing epiPen litigation corruption
shared by Paul Merrell on 19 Dec 16 - No Cached
  • A lawsuit filed Thursday in the U.S. District Court for the District of Connecticut alleges Heritage Pharmaceuticals, EpiPen-maker Mylan NV, and others conspired to manipulate U.S. drug prices. The suit was filed on behalf of the states of Connecticut, Delaware, Florida, Hawaii, Idaho, Iowa, Kansas, and at least 12 others. Naming Heritage Pharmaceuticals Inc. as the “ringleader” of the alleged conspiracy, the suit claims the prices of doxycycline hyclate, an antibiotic, and glyburide, a treatment drug for diabetics, were kept artificially high due to a scheme involving Mylan, Mayne Pharma, Aurobindo Pharma, Teva Pharmaceuticals, and Citron Pharma LLC. Federal prosecutors claim the price-fixing scheme was orchestrated by executives who have left Heritage. The suit is part of an ongoing, two-year long antitrust investigation conducted by the U.S. Department of Justice. According to the New York Attorney General’s Office, former Heritage executives Jeffrey Glazer and Jason Malek conspired with others to avoid competition by “[entering] into numerous illegal conspiracies in order to unreasonably restrain trade, artificially inflate and manipulate prices and reduce competition.” By resorting to price-fixing, companies involved may have believed they would secure their market shares without presenting a major risk to one another. This alleged scheme, the suit argues, has caused “significant, lasting and ultimately harmful rippling effect in the United States healthcare system.” The 20 states named as plaintiffs in the suit claim the companies were aware of the legal ramifications of their actions and took steps to hide their intent and actions as soon as the investigation was launched.
  • Recently, Mylan was chastised for inflating the price of the EpiPen, a device used to combat life-threatening allergic reactions. As Anti-Media reported in August, news organizations “had a field day” when reports showed the price of the autoinjector had gone from $57 each in 2007 to $600 for a double package in 2016. During a hearing before Congress over the EpiPen scandal, Mylan CEO Heather Bresch called the outraged reactions to the price hike “overblown.” Adding that the price of the autoinjectors wouldn’t change anytime soon, Bresch defended the company’s decision, claiming “[Mylan]’s profit on its $609 EpiPen two-packs is about $50 per pen.” When examining Mylan’s involvement in politics since Bresch was named the company’s executive, it becomes apparent that Mylan may have had the opportunity to approach regulators from a privileged position due to the fact Sen. Joe Manchin (D-WV) is the CEO’s father. By 2010, the Food and Drug Administration (FDA) had changed federal guidelines associated with epinephrine prescriptions, allowing Mylan to change its EpiPen labels. By shifting packaging and selling twin-packs instead of single pens while marketing the devices to “anyone at risk,” Mylan widened the EpiPen market. In 2013, a congressional bill pressuring states to have stocks of EpiPens on hand was signed into law. It was conceived after a local seven-year-old died due to an allergic reaction to peanuts.
  • Mylan lobbied heavily for this bill and spent over $1 million that year alone in lobbying efforts. Due to this legislative success, up to 47 states now “require or encourage schools to stock the devices.” But as the company led the fight to introduce the EpiPen to a larger audience, it also led a legal battle to bring its competitors to their knees by influencing regulation that artificially raises costs of doing business for other companies. From our August report: “In 2009, Pfizer Inc., the world’s biggest drugmaker, and Mylan sued Teva Pharmaceutical Industries Ltd. over a patent infringement. At the time, the Israeli company was accused of using Mylan’s design without permission. But in 2012, both parties reached an agreement, and Teva was allowed to seek approval from the FDA for its epinephrine injecting device. “According to Gizmodo, Teva has failed to obtain approval from the FDA to develop affordable generic versions of the EpiPen. The company says it won’t try to go through the same process again until 2017. “The only other device that was closer to competing with Mylan’s EpiPen was Auvi-Q, and it was also driven out of the market. In 2015, the company launched a recall campaign claiming the devices could be delivering faulty dosages.”
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  • What this story shows us is that if companies conspire among themselves to keep competitors at bay, the federal government will accuse them of breaking antitrust laws. But when Congress approves increased regulation, effectively barring smaller companies from competing while creating monopolies, price-fixing is perfectly acceptable. Instead of a lawsuit against Heritage and Mylan, how about the People v. United States Congress? After all, if it weren’t for their relentless pursuit of special interest protections, companies wouldn’t have turned into the conglomerates they have become.
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Something Wicked This Way Comes | Zero Hedge - 0 views

www.zerohedge.com/...something-wicked-way-comes economy Obama-legacy
shared by Paul Merrell on 25 Dec 16 - No Cached
  • Obama hoots about all the jobs added during his reign of error, but fails to mention that 94% of all jobs added since 2004 were either temporary or independent contractor jobs. Low wage, part-time, no benefits, Obama jobs don’t pay the bills. That’s why a record number of Americans have to work multiple jobs to survive. The narrative about an improving economy, thriving jobs market, and glorious future is bullshit. I know it. You know it. And your establishment puppeteers know it. But only “fake news” sites would dare reveal these inconvenient truths. The willfully ignorant public doesn’t want to know the truth, because that would require critical thinking and making tough choices. If the unemployment rate is really 4.6% and GDP is really growing, why are retail sales in the dumper, even with auto makers giving their cars away at 0% interest for six years if you can sign an X on a loan document? At the same time, the establishment reports soaring consumer confidence, while consumers don’t act confident at all. Do you believe these propaganda surveys or your own eyes. This Christmas (we’re allowed to use that word again now that Trump is on his way) shopping season is going to be atrocious. Retail sales over the last three months have grown at a pitiful 1.5%. If you adjust that for a true inflation rate of 5% or so, real retail sales are in decline. The bricks and mortar retailers are dying, as Amazon and other on-line outlets eat their lunch. The store closing announcements in February should be robust. More ghost malls coming to a neighborhood near you.
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Microsoft Says U.S. Is Abusing Secret Warrants - 0 views

theintercept.com/...u-s-is-abusing-secret-warrants surveillance state Microsoft DoJ litigation 4th-Amendment 1st Amendment gag-orders
shared by Paul Merrell on 16 Apr 16 - No Cached
  • “WE APPRECIATE THAT there are times when secrecy around a government warrant is needed,” Microsoft President Brad Smith wrote in a blog post on Thursday. “But based on the many secrecy orders we have received, we question whether these orders are grounded in specific facts that truly demand secrecy. To the contrary, it appears that the issuance of secrecy orders has become too routine.” With those words, Smith announced that Microsoft was suing the Department of Justice for the right to inform its customers when the government is reading their emails. The last big fight between the Justice Department and Silicon Valley was started by law enforcement, when the FBI demanded that Apple unlock a phone used by San Bernardino killer Syed Rizwan Farook. This time, Microsoft is going on the offensive. The move is welcomed by privacy activists as a step forward for transparency — though it’s also for business reasons.
  • Secret government searches are eroding people’s trust in the cloud, Smith wrote — including large and small businesses now keeping massive amounts of records online. “The transition to the cloud does not alter people’s expectations of privacy and should not alter the fundamental constitutional requirement that the government must — with few exceptions — give notice when it searches and seizes private information or communications,” he wrote. According to the complaint, Microsoft received 5,624 federal demands for customer information or data in the past 18 months. Almost half — 2,576 — came with gag orders, and almost half of those — 1,752 — had “no fixed end date” by which Microsoft would no longer be sworn to secrecy. These requests, though signed off on by a judge, qualify as unconstitutional searches, the attorneys argue. It “violates both the Fourth Amendment, which affords people and businesses the right to know if the government searches or seizes their property, and the First Amendment, which enshrines Microsoft’s rights to talk to its customers and to discuss how the government conducts its investigations — subject only to restraints narrowly tailored to serve compelling government interests,” they wrote.
  • Paul Merrell on 16 Apr 16
     
    The Fourth Amendment argument that people have a right to know when their property has been searched or seized is particularly interesting to me. If adopted by the Courts, that could spell the end of surveillance gag orders. 
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'Clinton death list': 33 spine-tingling cases - 0 views

www.wnd.com/...-list-33-most-intriguing-cases Clinton-Body-Count
shared by Gary Edwards on 05 Feb 17 - No Cached
  • Gary Edwards on 05 Feb 17
     
    "(Editor's note: This list was originally published in August 2016 and has gone viral on the web. WND is running it again as American voters cast their ballots for the nation's next president on Election Day.) How many people do you personally know who have died mysteriously? How about in plane crashes or car wrecks? Bizarre suicides? People beaten to death or murdered in a hail of bullets? And what about violent freak accidents - like separate mountain biking and skiing collisions in Aspen, Colorado? Or barbells crushing a person's throat? Bill and Hillary Clinton attend a funeral Apparently, if you're Bill or Hillary Clinton, the answer to that question is at least 33 - and possibly many more. Talk-radio star Rush Limbaugh addressed the issue of the "Clinton body count" during an August show. "I swear, I could swear I saw these stories back in 1992, back in 1993, 1994," Limbaugh said. He cited a report from Rachel Alexander at Townhall.com titled, "Clinton body count or left-wing conspiracy? Three with ties to DNC mysteriously die." Limbaugh said he recalled Ted Koppel, then-anchor of ABC News' "Nightline," routinely having discussions on the issue following the July 20, 1993, death of White House Deputy Counsel Vince Foster. In fact, Limbaugh said, he appeared on Koppel's show. "One of the things I said was, 'Who knows what happened here? But let me ask you a question.' I said, 'Ted, how many people do you know in your life who've been murdered? Ted, how many people do you know in your life that have died under suspicious circumstances?' "Of course, the answer is zilch, zero, nada, none, very few," Limbaugh chuckled. "Ask the Clintons that question. And it's a significant number. It's a lot of people that they know who have died, who've been murdered. "And the same question here from Rachel Alexander. It's amazing the cycle that exists with the Clintons. [Citing Townhall]: 'What it
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Tax Code Tweak Might Make CNG for Vehicles More Available | RedState - 0 views

www.redstate.com/...ng-for-vehicles-more-available William-Cassidy Natural-gas CNG Energy
shared by Gary Edwards on 08 May 12 - No Cached
  • Gary Edwards on 08 May 12
     
    Representative Dr. William Cassidy (R-LA) has put forward a common sense change to the tax code that will jump the economy of the USA forward, making use of plentiful and comparatively inexpensive natural gas. excerpt: The recent natural gas boom in the United States has been so wide-spread and profound that it has dropped natural gas prices to historical lows. These prices are so low that producers have begun to scale back operations as extraction has almost become uneconomical. We should be focused on exploring new commercial markets for natural gas to take advantage of such a low-cost energy source. Because technology and supply is currently available to sell the natural gas equivalent for about $1.50 a gallon compared with the current price of gasoline, it would seem natural for consumers to begin making the switch to compressed natural gas CNG (Compressed Natural Gas) vehicles. So if the technology is already available and we have at least a 100-year supply of natural gas right here in America, why aren't we all driving CNG cars? Unfortunately, the main obstacle is a lack of natural gas fuel infrastructure in our country. Currently in the United States, there are only 449 CNG fueling stations accessible to the public, which is dwarfed by the more than 157,000 gasoline stations. There are a number of proposals to spur natural gas infrastructure development in Washington. Not surprisingly, when it comes to Congress, the most talked about option involves subsidies for both natural gas vehicles and for the actual CNG fuel itself. While we should be using all of our available natural resources to aid in lowering the costs of transportation, the reality is that our country has neither the money to subsidize development nor the expertise to pick winners and losers in the energy and transportation sectors. As opposed to subsidies, I believe that a simple change to our tax code would help those companies that develop natural gas look at domestic retail infrastruc
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The Farce-Hole Gets Deeper: Obama's "Bankster Robo-Settlement For Votes" Cost To Taxpay... - 1 views

www.zerohedge.com/...-big-five-banks-are-beyond-law Banksters Obama-Bankster-Power-Play Obama-banksters
shared by Gary Edwards on 17 Feb 12 - No Cached
  • Gary Edwards on 17 Feb 12
     
    Incredible.  The Banksters were caught perpetrating a massive fraud on mortgage holders in default.  They set up document mills packed with "robo" signers forging legal documents to prove in a foreclosure procedure that they are in fact the mortgage provider for that property.  The fraud itself revelas the essentials of what went wrong with the entire mortgage securities scam that brought down the worlds financial structures in 2008. The MERS (Mortgage Electronic Registration systems, Inc.) electronic database was set up in 1995 as a means to enable participating Banksters to side step the quilt of State and County laws governing real estate transactions, non judicial foreclosure rights, and property ownership recording requirements.  MERS was essential to the bundling and trade in mortgage-backed securities.  In essence, MERS replaced public recordation requirements with a private, Bankster owned one. This all sounded good until waves of home owners facing default began to take their banksters to court.  Turns out that MERS mortgages lacked the legal documentation to establish a legal chain of ownership.  Realizing their mistake, and with thousands upon thousands of foreclosures hanging in the balance, the Banksters created the robo document industry, forging millions of foreclosure documents overnight.  Criminal fraud on steroids. The banksters got caught, with State Attorney Generals launching massive consumer protection law suits against the big banksters.  This put a halt to the illegal foreclosures, forcing banksters to turn to short sales on homes in default.  The short sale industry rocketed in 2011, but the to perfect a short sale, the banksters were taking the loss; sometimes as much as $100K to $250K per home.  But the real estate market inventory was effectively being cleared and market pricing corrected. The Banksters were unhappy.  Seeking to get back on the foreclosure track but facing what amounted to across the boards class action la
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Creating the unbounded State - HUMAN EVENTS - 1 views

www.humanevents.com/article.php statistism statist saul-alinsky Obammunism
shared by Gary Edwards on 20 Feb 12 - No Cached
  • Gary Edwards on 20 Feb 12
     
    Wow.  John Hayward has delivered one powerful piece of insightful slice and dice describing how the socialist democrats operate to create an all powerful centralized State.  He describes why the middle class must be destroyed, and then how the left is doing it.  The architect is Saul Alinsky.  The star of the show one Barak Hussein Obama.  Put this in the must read category.  Very powerful stuff John! excerpt: How can the centralized State accumulate unlimited power, while still retaining the outward form of a democracy?  This question has been the obsession of the American Left for over a century.  The answer lies in subduing the middle class, which is always the deadly enemy of statism.  Middle class voters have the numbers to secure electoral victory, coupled with an appreciation for the value of capital.  They are sensitive to collapsing stock values, rising consumer prices, high unemployment, and the other typical consequences of decayed economic freedom. To subdue the middle class, it must be made dependent upon the State.  Middle class voters must, at some critical juncture, voluntarily relinquish a terminal amount of their economic freedom.  The trick is keeping them quiet while the State passes the event horizon of growth. Three crucial techniques are needed to get the State past the point of no return.  First, an open-ended mission is needed.  It must be possible for the State to define the terms of this mission, so that no one can ever say it has been completed, or that the State has failed.  Every totalitarian government in modern history has adopted the same mission Barack Obama now openly declares: the quest for "fairness." 
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Why Isn't Wall Street in Jail? | Rolling Stone - Matt Taibi - 2 views

www.rollingstone.com/...t-wall-street-in-jail-20110216 Banksters financial-collapse Matt-Taibi
shared by Gary Edwards on 17 Mar 12 - No Cached
  • Gary Edwards on 17 Mar 12
     
    Must read stuff.  Very lengthy Bankster expose, this time involving Bankster connections to Obama, the political establishment, and the corruption of the DOJ, SEC and other regulatory agencies.  Very lengthy.  Includes stories about the misfortunes of those few honest individuals who tried to do the right thing in a sea of thieves, liars and crooks. excerpt: Nobody goes to jail. This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world's wealth - and nobody went to jail. Nobody, that is, except Bernie Madoff, a flamboyant and pathological celebrity con artist, whose victims happened to be other rich and famous people. This article appears in the March 3, 2011 issue of Rolling Stone. The issue is available now on newsstands and will appear in the online archive February 18. The rest of them, all of them, got off. Not a single executive who ran the companies that cooked up and cashed in on the phony financial boom - an industrywide scam that involved the mass sale of mismarked, fraudulent mortgage-backed securities - has ever been convicted. Their names by now are familiar to even the most casual Middle American news consumer: companies like AIG, Goldman Sachs, Lehman Brothers, JP Morgan Chase, Bank of America and Morgan Stanley. Most of these firms were directly involved in elaborate fraud and theft. Lehman Brothers hid billions in loans from its investors. Bank of America lied about billions in bonuses. Goldman Sachs failed to tell clients how it put together the born-to-lose toxic mortgage deals it was selling. What's more, many of these companies had corporate chieftains whose actions cost investors billions - from AIG derivatives chief Joe Cassano, who assured investors they would not lose even "one dollar" just months before hi
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PETER SCHIFF: The Housing Bust Was Just A Preview For The Coming Catastrophe - Business... - 0 views

www.businessinsider.com/the-real-crash-2012-5 peter-schiff Lindsey-Williams The-Real-Crash
shared by Gary Edwards on 23 May 12 - No Cached
  • Gary Edwards on 23 May 12
     
    Peter Schiff talks about his new book "The Real Crash: America's Coming Bankruptcy, How to Save Yourself and Your Country".  I caught the Coast-to-Coast "Financial Crisis Special" interview with Peter earlier this week where he spoke on the "Real Crash" issues.  Stunning stuff.  His hour on Coast was followed by Lindsey Williams who pointed out that the New World Order - Illuminati - Bankster trigger point would be signaled by a collapse in the derivatives market. The derivatives market is now over a quadrillion dollars of  casino style gambling.  This is where Banksters make huge bets on things like whether or not interest rates will go up or down.  Then they take out insurance to cover their bets, which further compounds the cost.  Recent events like the Jon Corzine MF Global gamble that the Federal Reserve Bankster Cartel would backstop explosive European sovereign bankster debt are the first indications of collapse in the derivatives market.  We now know that JP Morgan placed similar bets on a European bailout by the Federal Reserve and World Bank, and lost big.  The only difference is that Corzine robbed his clients personal accounts to cover his bets. While Schiff argues the facts on the table, the "what", Lindsay argued the "why"; claiming that this escalating debt mess is all by design.  Lindsay claims that an operational fundamental of the New World Order elites is to first overturn the USA Constitution.  Using a Machiavellian Principle known as, "out of chaos comes order", they seek to de-stabilize and overthrow the USA Constitutional Republic using massive and crushing debt to first destroy the dollar currency.  This will create massive chaos requiring martial law and government seizure of private property and production. Peter Schiff warns that the government is driving us deeper into debt at exactly the time we should be saving and investing those savings in future private sector productivity.  Lindsay argues that this is all by desig
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More Americans opting out of banking system - The Washington Post - 0 views

www.washingtonpost.com/...1-a31e-804fccb658f9_story.html banksters statistics boycotts
shared by Paul Merrell on 16 Sep 12 - No Cached
  • Released Wednesday, the study found that 821,000 households opted out of the banking system from 2009 to 2011 and that the so-called unbanked population grew to 8.2 percent of U.S. households.
  • Paul Merrell on 16 Sep 12
     
    Interesting that the article includes much speculation about various reasons consumers are increasingly boycotting banks, but never mention distrust as a motive. 
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Robosigning Credit Cards: The Next Major Bank Scandal? | The Reformed Broker - 0 views

www.thereformedbroker.com/...ds-the-next-major-bank-scandal robosigning-mortgages robosigning-credit-cards Banksters Joshua-M-Brown Foreclosure-Gate Credit-Card-Debt-Collection
shared by Gary Edwards on 18 Jan 12 - No Cached
  • Gary Edwards on 18 Jan 12
     
    This article is definately a "must read".  The summary is that the credit card debt mess is far worse than the mortgage foreclosure mess.  The Banksters are guilty of massive illegal activities in foreclosure gate, including forging documents and signatures.  Apparently the same thing has happened with Credit Card Debt Collection!!!! excerpt:   From American Banker: "If sloppy record keeping and problems with false affidavits is a problem with mortgages, it's 100 times bigger in credit card accounts," says Michelle Weinberg of the Legal Assistance Foundation of Metropolitan Chicago. Worse than mortgages, even? Let's just review the mortgage situation: Robosigning consists of blatantly illegal practices in which banks and mortgage companies had their employees sign affidavits and other documents without verifying the information therein; forge signatures on documents; backdate documents; falsely notarize documents; create new documents to replace missing ones; or some combination of all the above. Did I mention that all of this is illegal? Contrary to what the banks would have you believe, robosigning was not a one-off - it happened on a systematic level. So much so that some of the nation's largest banks (including Bank of America Corp. and  JPMorgan Chase & Co., ) were forced to halt foreclosures to "review" these practices in late 2010. The companies that did this claimed that they had to cut corners because they couldn't keep up with all of the paperwork created by the housing boom last decade. But we now know that this is not true - there's evidence that robo-signing goes back all the way to at least 1998. This all means that thousands of Americans were foreclosed upon erroneously and that even homebuyers and sellers in good standing may be unable to prove their rightful ownership. The problem is so big that Sheila Bair, the former head of the FDIC, acknowledged that they don't even know how big it is. It's so big that the b
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