Submitted by Tyler Durden on 03/03/2015 - 14:52
Echoing former US Treasury Secretary Larry Summers’ quip, “There is surely something odd about the world’s greatest power being the world’s greatest debtor,” it appears that economic reality is finally beginning to set in for Americans... Only hours ago, Gallup released a new poll showing that only a small minority (just 17%) of Americans still view the US as the world’s economic superpower.
Financial Collapse Leads To War
Submitted by Tyler Durden on 03/03/2015 - 19:30Financial collapse is already baked in, and it's only a matter of time before it happens, and precipitates commercial collapse when global supply chains stop functioning. Political collapse will be resisted, and the way it will be resisted is by starting as many wars as possible, to produce a vast backdrop of failure to serve as a rationale for all sorts of “emergency measures,” all of which will have just one aim: to suppress rebellion and to keep the oligarchy in power.
The Water Wars Are Coming
Submitted by Tyler Durden on 03/03/2015 - 16:59 A century of government meddling has turned the issue of water rights on its head, and further centralized control of waterways in local, state, and federal governments. Just as the residents of Los Angeles fought over water with local farmers, the residents of Las Vegas will soon find themselves fighting with surrounding states over what’s left of Lake Mead. None of the power players seem to care that the current population settlements of the southwestern United States cannot last. One day the water will run out. The sooner this reality is confronted, the better.Buffett On Europe: Germany Must Stop Greek Dog Peeing On Its Carpet
Submitted by Tyler Durden on 03/03/2015 - 20:00 Not to be outdone by his partner Charlie Munger (who offended many with his comments that "gold is a great thing to sew onto your garments if you're a Jewish family in Vienna in 1939,"), Berkshire Hathaway's Warren Buffett decides to take on Europe (and The Big Lebowski), and particularly the Greeks in today's 'perhaps it's time to just STFU' moment. Responding to questions about Europe's future, Buffett compares Greece to a "dog peeing on the carpet" of Europe, suggesting Germany stop "rewarding behavior you want to get rid of."
In "Unprecedented Move" Nobel Peace Prize Chairman Demoted For Decision To Give Obama 2009 Award
Submitted by Tyler Durden on 03/03/2015 - 19:11 In "an unprecedented move", the controversial head of Norway's Nobel Peace Prize committee was removed Tuesday and demoted to the rank of mere member. Thorbjoern Jagland, a former Norwegian premier, drew criticism after becoming committee chairman in 2009 for awarding the prestigious Nobel to newly elected US President Barack Obama. He will be replaced by current Deputy Chair Kaci Kullmann Five.Fed Policy For Dummies (In 2 Simple Charts)
Submitted by Tyler Durden on 03/03/2015 - 18:30
hdr22@clintonemail.com - How A Romanian Hacker Exposed Hillary Clinton's Secret Email Life
Submitted by Tyler Durden on 03/03/2015 - 18:08
How Mario Draghi Is Putting Pensioners At Risk
Submitted by Tyler Durden on 03/03/2015 - 17:30 Accommodative monetary policy, which is ostensibly supposed to stimulate aggregate demand thereby encouraging businesses to spend and hire, is now perversely causing people to work longer and preventing new employees from having access to a secure retirement.
As The Battle For Tikrit Begins, A Map Of Who Controls What
Submitted by Tyler Durden on 03/03/2015 - 15:48 As the world awaits to see if following his speech, Israel's PM will now proceed with launching a full on assault on Iran just to show he means business, or at least stage yet another false flag intervention to greenlight war in the middle east, several hundred kilometers to the northeast, the biggest offensive in the "war on ISIS" is now taking place after thousands of Iraqi soldiers and Shi'ite militiamen seek to retake the northern Iraqi town and birthplace of Saddam Hussein, Tikrit. And since there is much confusion all around since pretty much everyone in the middle east is now involved in this war on Iraqi/ISIS soil, here is a simple map showing who controls what..Treasury 'Short Overhang' Lifts After Actavis Prices 2nd Largest Bond Issue Ever
Submitted by Tyler Durden on 03/03/2015 - 15:10 Just a day after Blackrock saw its biggest Bond ETF outflows in history ($525.8 million pulled on Monday), Actavis sold $21 billion of almost-junk 'BBB-' rated debt (at a minsicule yield of only 3.5%) in the 2nd largest bond issuance ever (2nd only to Verizon's massive $49 billion deal in 2013). The issue was oversubscribed 4.5x (around $90bn in the order book) as a ten-part offering varying from 18-month floaters to 30Y fixeds all went off below guidance. With Treasury liquidty disappearing fast, one wonders just how much rate-locking on this massive deal was responsible for a net short overhang on the Treasury complex the last few days...
A Texas town has proven that there is a solution to out of control cops after it replaced the entire police department with private security officers and saw a remarkable drop in crime by 61%.
Sharpstown, located southwest of Houston, decided in 2012 that regular public policing was proving wholly ineffective, and opted not to renew a contract with the constable’s office.
Instead the town’s civic leaders hired private security agents with the company SEAL Security Solutions, and devised a more effective policing strategy. “Since we’ve been in there, an independent crime study that they’ve had done [indicates] we’ve reduced the crime by 61%” in just 20 months, James Alexander, Director of Operations for SEAL told reporters with guns.com.
Read More @ Infowars.com
by Christina Sarich, Natural Society:
The public doesn’t trust manufacturers like Kellogg’s and Kraft anymore. Earnings are falling, and dozens of Big Food companies’ stocks are down. One of the biggest food companies in the world, ConAgra, is even slashing its 2015 earnings projections. Is Big Food really over?
ConAgra is changing management – is it because their 2015 earnings projections are way are down and stocks took a plunge recently? The food giant owns brands like Hunts, Swiss Miss, as well as Chef Boyardee, among others. Do people really want to eat cancer-causing chemicals in a can anymore?
Read More @ Natural Society
The public doesn’t trust manufacturers like Kellogg’s and Kraft anymore. Earnings are falling, and dozens of Big Food companies’ stocks are down. One of the biggest food companies in the world, ConAgra, is even slashing its 2015 earnings projections. Is Big Food really over?
ConAgra is changing management – is it because their 2015 earnings projections are way are down and stocks took a plunge recently? The food giant owns brands like Hunts, Swiss Miss, as well as Chef Boyardee, among others. Do people really want to eat cancer-causing chemicals in a can anymore?
Read More @ Natural Society
by John Browne, Euro Pacific Capital:
Like many of the important discussions in the economic world today, the
negotiations between Greece and its European creditors has become
increasingly absurd (see “A Patient Fed Considers Losing Patience” in
our latest newsletter) . Late on Friday, February 20, in a tense meeting
between the new Greek Finance Minister and a host of ministers from 19
Eurozone countries, Germany apparently ‘authorized’ negotiators to
accept a four-month extension of the $272 billion bailout so long as the
Greeks promised to make a series of difficult fiscal steps needed to
stay solvent over that time frame. Given that they desperately need the
money, it should be no great surprise that the Greeks complied.
This of course put Greece’s new left wing government, led by Prime Minister Alexis Tsipras, into a difficult position. After all, his Party had recently come to power on the promise that it would not extend the bailout and that it would no longer negotiate with creditors. To save face, he insisted that the new austerity commitments, which would likely be the same as commitments previously agreed to by the former government, would at least be “self-imposed” by the Greeks themselves, rather than crammed down by creditors. This fig leaf apparently provided enough cover for Syriza leaders to claim victory in its first battle with the creditors.
Read More @ EuroPacificCapital.com
Like many of the important discussions in the economic world today, the
negotiations between Greece and its European creditors has become
increasingly absurd (see “A Patient Fed Considers Losing Patience” in
our latest newsletter) . Late on Friday, February 20, in a tense meeting
between the new Greek Finance Minister and a host of ministers from 19
Eurozone countries, Germany apparently ‘authorized’ negotiators to
accept a four-month extension of the $272 billion bailout so long as the
Greeks promised to make a series of difficult fiscal steps needed to
stay solvent over that time frame. Given that they desperately need the
money, it should be no great surprise that the Greeks complied.This of course put Greece’s new left wing government, led by Prime Minister Alexis Tsipras, into a difficult position. After all, his Party had recently come to power on the promise that it would not extend the bailout and that it would no longer negotiate with creditors. To save face, he insisted that the new austerity commitments, which would likely be the same as commitments previously agreed to by the former government, would at least be “self-imposed” by the Greeks themselves, rather than crammed down by creditors. This fig leaf apparently provided enough cover for Syriza leaders to claim victory in its first battle with the creditors.
Read More @ EuroPacificCapital.com
by Mac Slavo, SHTFPlan:
When it comes to an EMP attack, the question remains “when” not “if”
the SHTF. Few other scenarios hold as much potential for disaster and
disruption to the lives of everyone in society. At a moment’s notice,
300 million Americans could be made instantly desperate – and even
likely to die in the aftermath. A single event could easily be enough to
take down the power grid and render inoperable all the computers and
electronic tools that individuals, businesses, banks and governments all
rely upon.
Arizona Congressman Trent Franks recently reintroduced a bill intended to provide better security for critical infrastructure, with particular emphasis on the threat posed to the power grid by an EMP – which Rep. Franks points out could occur either naturally from a solar flare or by way of a targeted man-made weapon.
Read More @ SHTFPlan.com
When it comes to an EMP attack, the question remains “when” not “if”
the SHTF. Few other scenarios hold as much potential for disaster and
disruption to the lives of everyone in society. At a moment’s notice,
300 million Americans could be made instantly desperate – and even
likely to die in the aftermath. A single event could easily be enough to
take down the power grid and render inoperable all the computers and
electronic tools that individuals, businesses, banks and governments all
rely upon.Arizona Congressman Trent Franks recently reintroduced a bill intended to provide better security for critical infrastructure, with particular emphasis on the threat posed to the power grid by an EMP – which Rep. Franks points out could occur either naturally from a solar flare or by way of a targeted man-made weapon.
Read More @ SHTFPlan.com
Israeli Prime Minister Benjamin Netanyahu [addressed] the U.S.
Congress [on Tuesday] about the perils of striking a nuclear deal with
Iran. Netanyahu, not generally known for his measured rhetoric, has been vociferous in his public statements about the dangers of such compromise, warning that it will allow Iran to “rush to the bomb” and that it amounts to giving the country “a license” to develop nuclear weapons.
It is worth remembering, however, that Netanyahu has said much of this before. Almost two decades ago, in 1996, Netanyahu addressed a joint session of Congress
where he darkly warned, “If Iran were to acquire nuclear weapons, this
could presage catastrophic consequences, not only for my country, and
not only for the Middle East, but for all mankind,” adding that, “the
deadline for attaining this goal is getting extremely close.”
Almost 20 years later that deadline has
apparently still not passed, but Netanyahu is still making dire
predictions about an imminent Iranian nuclear weapon.
Read More @ Firstlook.org
from Zero Hedge:
Just yesterday we warned that, among the ‘solutions’ the Greek
government was exploring in its scramble for cash to pay back The IMF
loan, was ‘borrowing’ from the nation’s pension funds. Today we get the
sad confirmation that indeed Greece will raid cash reserves in pension funds and other public sector entities to cover its funding needs. As Reuters reports, Greece will use short-term repo transactions to transfer the cash, but one government official said they could not be used to repay the IMF. As the radical left-wing government takes from the implictly wealthier Greeks (pension funders), it is giving free electricity, a rent allowance, and food stamps to the poor.
Read More @ ZeroHedge.com
Just yesterday we warned that, among the ‘solutions’ the Greek
government was exploring in its scramble for cash to pay back The IMF
loan, was ‘borrowing’ from the nation’s pension funds. Today we get the
sad confirmation that indeed Greece will raid cash reserves in pension funds and other public sector entities to cover its funding needs. As Reuters reports, Greece will use short-term repo transactions to transfer the cash, but one government official said they could not be used to repay the IMF. As the radical left-wing government takes from the implictly wealthier Greeks (pension funders), it is giving free electricity, a rent allowance, and food stamps to the poor.Read More @ ZeroHedge.com
by Dave Hodges, The Common Sense Show:
Many societal interests are geared towards profiting from stealing
children from their parents and ultimately directing these children into
prison where they perform slave labor for many corporations in one of
the most hideous practices in human history, the privatized, for profit,
prison.
Schools and Their Contribution to Private Prison Profits
Zero-tolerance” policies criminalize minor infractions of school rules, while cops in school lead to students being criminalized for behavior that should be handled inside the school. Students of color are especially vulnerable to push-out trends and the discriminatory application of discipline in many of our public schools. Children should be educated, not incarcerated, but to the lobbyists for the privatized prison for profit system, they are writing legislation for your state in which the end goal is designed to put your child in prison for profit.
Read More @ TheCommonSenseShow.com
Many societal interests are geared towards profiting from stealing
children from their parents and ultimately directing these children into
prison where they perform slave labor for many corporations in one of
the most hideous practices in human history, the privatized, for profit,
prison.Schools and Their Contribution to Private Prison Profits
Zero-tolerance” policies criminalize minor infractions of school rules, while cops in school lead to students being criminalized for behavior that should be handled inside the school. Students of color are especially vulnerable to push-out trends and the discriminatory application of discipline in many of our public schools. Children should be educated, not incarcerated, but to the lobbyists for the privatized prison for profit system, they are writing legislation for your state in which the end goal is designed to put your child in prison for profit.
Read More @ TheCommonSenseShow.com
from Kingworldnews:
Richard Russell:
“I scour the newspapers for hints of coming turning points. By my
calculations, the markets remain bullish. Massive amounts of money have
gone into the US dollar and US Treasury Bonds. New record highs in the
Dow attract the retail public.
My Largest Investment
I follow numerous gold items daily. Something is going on with gold. There’s a secret that’s causing every central bank plus Russia and China to be buying gold. Personally my biggest investment position is in physical silver and gold, plus a large position (for me) in TriContinental Preferred (TY.P), an excellent preferred stock with a fixed dividend of $2.50 per share.
Richard Russell Continues @ King World News
Richard Russell:
“I scour the newspapers for hints of coming turning points. By my
calculations, the markets remain bullish. Massive amounts of money have
gone into the US dollar and US Treasury Bonds. New record highs in the
Dow attract the retail public.My Largest Investment
I follow numerous gold items daily. Something is going on with gold. There’s a secret that’s causing every central bank plus Russia and China to be buying gold. Personally my biggest investment position is in physical silver and gold, plus a large position (for me) in TriContinental Preferred (TY.P), an excellent preferred stock with a fixed dividend of $2.50 per share.
Richard Russell Continues @ King World News
from The Daily Sheeple:
Read More @ TheDailySheeple.com
Per a Freedom of Information Act Request lawsuit filed by Vice News, the Department of Defense has released a report
on the damaging effects of Edward Snowden’s 2013 NSA leaks. The only
problem? It’s redacted. Entirely. Not a crumb of evidence was present in
the “evidence” the government released.
The “assessment”
is made up of multiple reports collectively over 100 pages long and was
released by the Defense Intelligence Agency, a wing of the Department
of Defense. It was made by two dozen DIA analysts and is fully blocked
out, save for several headings. For example:Read More @ TheDailySheeple.com
from Gold Core:
There are signs that the debt induced banking-crisis which rocked the
global economy in 2008 – only to be postponed with vast infusions of new
unpayable debt courtesy of the taxpayer – may be set to resume.
Bondholders are feeling the painful impact of the EU’s new bank resolution regime and bank bail-ins for the first time after the Austrian government said it would pour no more money into its ‘bad bank’, triggering a fall of nearly 30 per cent in the value of some bonds.
Austria’s Financial Market Authority (FMA) has discovered a €7.6 billion capital shortfall on the balance sheet of Heta Asset Resolution AG, the “bad bank” that was formed from the remnants of failed lender Hypo Alpe Adria.
Read More @ GoldCore.com
There are signs that the debt induced banking-crisis which rocked the
global economy in 2008 – only to be postponed with vast infusions of new
unpayable debt courtesy of the taxpayer – may be set to resume.Bondholders are feeling the painful impact of the EU’s new bank resolution regime and bank bail-ins for the first time after the Austrian government said it would pour no more money into its ‘bad bank’, triggering a fall of nearly 30 per cent in the value of some bonds.
Austria’s Financial Market Authority (FMA) has discovered a €7.6 billion capital shortfall on the balance sheet of Heta Asset Resolution AG, the “bad bank” that was formed from the remnants of failed lender Hypo Alpe Adria.
Read More @ GoldCore.com
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