The Real Numbers Behind GE's "Beat": Organic Orders -16%; Power -27%; Equipment Orders -30%; Aviation -37%
ames Jesus Angleton, head of CIA counterintelligence for three decades, long ago explained to me that intelligence services create stories inside stories, each with its carefully constructed trail of evidence, in order to create false trails as diversions. Such painstaking work can serve a variety of purposes. It can be used to embarrass or discredit an innocent person or organization that has an unhelpful position on an important issue and is in the way of an agenda. It can be used as a red herring to draw attention away from a failing explanation of an event by producing an alternative false explanation. I forget what Angleton called them, but the strategy is to have within a false story other stories that are there but withheld because of “national security” or “politically sensitive issues” or some such. Then if the official story gets into trouble, the backup story can be released in order to deflect attention into a new false story or to support the original story. Angleton said that intelligence services protect their necessary misdeeds by burying the misdeed in competing explanations.
Amid record vacancies, Class A rental rates plunge 56%.
Commercial real estate, particularly office space, in Calgary, Alberta, the epicenter of the Canadian oil bust with 1.2 million people, is collapsing at a breath-taking rate. As companies in the oil & gas sector have downsized or gone out of business, 25,000 people who used to work downtown have lost their jobs.
Office vacancy rates have soared to 22%, the highest on record, according to the second quarter report by commercial real estate services firm CBRE.
Vacancy for Class AA office space reached 17.6%, and for Class A space 18.9%. Older buildings are getting clocked: Vacancy rates for Class B buildings soared to 32% and for Class C buildings to 28%.
The stock market – specifically the S&P 500 and the Dow have become important propaganda tools of Fed/US Government. After all, a rising stock market means that investors are “discounting” future economic and earnings growth, right? As long as the stock market keeps hitting new records, any negative economic reports have to be invalid.
Of course, like everything else that hits the mainstream headlines these days, 90% of the time the opposite is the truth. We can call this “Bernays’ Theorem.” If you don’t know who Edward Bernays is, please use Google to look him up.
Corporate earnings have become mindblowingly fraudulent, which means that a fraudulent stock market is “discounting” fraudulent corporate earnings reports.
You want to retire? The retirement dreams of most Americans, Japanese, and Europeans are threatened.
There are many reasons.
- We can’t quit working – we need health insurance, even when the rates increase by double digits each year. Grim!
- We can’t afford to retire – we have too much debt. We have lived
beyond our means, just like our governments, for decades, by borrowing
from the future – that is, going into debt to pay today’s expenses with
by Paul Joseph Watson, Infowars:
Infowars latest videos were removed from YouTube shortly after the Young Turks encounter. Once Infowars brought attention to the issue, the videos were reinstated without explanation.
Young Turks host Cenk Uygur had a complete meltdown at the RNC tonight, losing his temper before physically confronting Alex Jones.
The incident began when Jones crashed a live Young Turks broadcast and handed Uygur a t-shirt with Bill Clinton’s face on it saying “RAPE”.
Uygur then grabbed Jones’ microphone before yelling about how Donald Trump was accused in court of being a rapist.
The pending Brexit has, not surprisingly, caused a shakeup in the investment world, particularly in the UK. Of particular note is that, recently, asset management firms in Britain began refusing their clients the right to cash out of their mutual funds. Of the £35 billion invested in such funds, just under £20 billion has been affected.
For those readers who live in the UK, or are invested in UK mutual funds, this is reason to tremble at the knees.
So, why have these investors been refused the right to exit the funds? Well, it’s pretty simple. The trouble is that quite a few of them made the request at about the same time.
from Harvey Organ:
HUGE INCREASE IN THE AMOUNT OF GOLD STANDING FOR JULY: ALMOST 19 TONNES/JAPAN’S KURODA STUNS MARKETS BY STATING “HELICOPTER MONEY” IS OFF THE TABLE/DRAGHI LESS ACCOMMODATING BUT HINTS AT PUBLIC BAILOUT FOR ITALIAN BANKS
For the July gold contract month, we had a huge 739 notices served upon for 73,900 ounces. The total number of notices filed so far for delivery: 6068 for 606,800 oz or 18.874 tonnes
In silver we had 28 notices served upon for 140,000 oz. The total number of notices filed so far this month for delivery: 2134 for 10,670,000 oz
Read More @ Harveyorganblog.com
President Barack Obama said at the White House Summit on Global Development yesterday that “we are living in the most peaceful” era in human history and that “the world has never been less violent.”
According to the White House schedule, the president used the summit to “bring together development leaders, public and private sector financing partners, civil society, diplomats, and entrepreneurs to mark our global progress and catalyze further development efforts.”
“So it is worth reminding ourselves of how lucky we are to be living in the most peaceful, most prosperous, most progressive era in human history,” Obama said in the speech.
News broke earlier this week that at least 64 women experiencing adverse health effects from cervical cancer vaccines, are filing damages lawsuits against the Japanese government and the drug makers who produced the vaccines in the first place.
Filing in four different district courts, the Tokyo District Court, the Nagoya District Court, the Osaka District Court and the Fukuoka District Court, each victim is demanding 15 million yen.
The average age of the women involved is 18 years old, with each receiving the vaccination between the ages of 11 and 16.