Don’t you love it when ordinary citizens bring justice to bear on
corrupt politicians? Isn’t it even sweeter when our veterans do it?
Well, that was what two military veterans did in Illinois to the Clark
County Park District Board last year.Illinois, like many states, is filled with corrupt politicians from the state legislature on down to the city and county level.
So, what are those that these corrupt public servants supposed to do about it? Two of them took action.
Read More @ FreedomOutpost.com
In
fact, effective demand is extraordinarily weak…”The way I measure it,
it’s probably tantamount to what we saw in the later stages of the Great
Depression. – Alan Greenspan on CNBC (interview link)I have been suggesting for quite some time now that the underlying demand in this country is far weaker than is represented by the “seasonally adjusted, annualized rate” statistical vomit that the Government and industry marketing associations throw in our face on a daily basis.
In fact, I suggested in late November that the crashing price of oil was likely the “black swan” that no one saw coming (link) – not one single Wall Street analyst was forecasting a decline in the price of oil. I further surmised that the crashing price of oil was primarily a result of extraordinarily weak demand not just globally but specifically and especially here in the U.S. Subsequent reports for December and January retail sales showing almost 1% declines in each month further validated my analysis.
Read More @ Investmentresearchdynamics.com
image/CNBC.com
Puerto Rico's 3rd Largest Bank Fails
Submitted by Tyler Durden on 02/27/2015 - 16:38 Based on Bloomberg data, Doral Bank is the 3rd largest (by assets) bank in Puerto Rico...or rather was. After a 58% collapse in the share price today, news broke after the close:*PUERTO RICO'S DORAL BANK PLACED UNDER FDIC RECEIVERSHIP, BANCO POPULAR AGREES TO BUY DORAL BANK OPERATIONS
It appears Non-Performing Loans were over 40%. Popular will take the deposits (and 8 of Doral's 26 branches) and the FDIC eats the bad debt (estimates to cost the Deposit Insurance Fund (DIF) will be $748.9 million).
Prominent Russian Politician And Putin Critic Shot To Death In The Center Of Moscow
Submitted by Tyler Durden on 02/27/2015 - 17:00 Just nine hours after tweeting "Putin annexed Crimea and is now handing over Siberia to the Chinese," and three ours after calling for a "Russian Spring" march, prominent Vladimir Putin critic and opposition politician (who back in 1997 was also deputy Prime Minister of the Russian Federation) Boris Nemtsov, has been killed in the center of Moscow. As The BBC notes, the Russian opposition politician and former deputy PM was shot to death on a Moscow street. Life News is reporting he was shot in the chest four times on a street very close to Red Square.
This week the story broke that the South African Secret Service was spying on the South African Government. In
leaked documents sent to Al Jazeera, we discover that Russia and South
Africa put a spy Satellite up over Africa in December 2014, which is
what Ghaddafi in conjunction with Russia was going to do in the first
place.Africa has high Internet and cell phone charges because it uses European and US Satellites and has to pay extra for this service. But, as Cameron is so fond of saying about certain people, Ghaddafi “had to go!” If Africa had it’s own Satellite, they would no longer be slaves to the US and Europe. Then Hilary Clinton came, she saw and Ghaddafi died. End of story. But wait… not so fast.
The really interesting part of this whole story is not the Satellite, it is not Israel, the PLO and Hamas. It is not even Israel and the PLO wanting covert South African agents to infiltrate Hamas. No! Not at all.
Read More @ ThePhaser.com
Finance ministers in the Eurozone appear to have had a free lesson in
game theory from Professor Yanis Varoufakis, the Greek finance minister.At the time of writing Greece’s future in the Eurozone is far from secured, but it appears that Greece has achieved something.
He gave his fellow finance ministers a deal they dared not refuse, though it still has to be ratified by some parliaments, including Germany’s today. Varoufakis almost certainly understands that the Eurozone is in a weaker position than the bureaucrats and finance ministers themselves believed. It was important for them to become aware of this reality, which was central to his approach. It appears that under the Lisbon Treaty, Eurozone states cannot expel Greece: she can only leave with everyone’s unanimous agreement, including her own.
Read More @ GoldMoney.com
from Zero Hedge:
Few asked throughout the Ukraine civil war is just whose side is
China leaning toward, after all the precarious balance of power between
NATO and Russia had resulted in a stalemate in which neither side has
an obvious advantage (even as the Ukraine economy died, and its
currency hyperinflated, waiting for a clear winner), and the explicit
or implicit support of China to either camp would make all the
difference in the world, and perhaps the world’s most formidable axis.
Today we finally got the answer. China’s ambassador to Belgium, was
quoted as blaming competition between Russia and the West for the
Ukraine crisis, urging Western powers to “abandon the zero-sum mentality” with Russia. Reuters assessment of Xing speech: “an unusually frank and open display of support for Moscow’s position in the crisis.” At least it is not a warning to the US to back off or else. Yet.
Read More @ ZeroHedge.com
Few asked throughout the Ukraine civil war is just whose side is
China leaning toward, after all the precarious balance of power between
NATO and Russia had resulted in a stalemate in which neither side has
an obvious advantage (even as the Ukraine economy died, and its
currency hyperinflated, waiting for a clear winner), and the explicit
or implicit support of China to either camp would make all the
difference in the world, and perhaps the world’s most formidable axis.
Today we finally got the answer. China’s ambassador to Belgium, was
quoted as blaming competition between Russia and the West for the
Ukraine crisis, urging Western powers to “abandon the zero-sum mentality” with Russia. Reuters assessment of Xing speech: “an unusually frank and open display of support for Moscow’s position in the crisis.” At least it is not a warning to the US to back off or else. Yet.Read More @ ZeroHedge.com
from Gold Silver Worlds:
A three ring circus is performing – to entertain and impoverish the western world.
Ring # 1: The Euro tragedy is “extending and pretending” into a Greek drama.
Ring # 2: Iraq 3.0 is in beta test mode based on weapons of mass propaganda.
Ring # 3: The conflict in Ukraine is performing flips followed by flops.
Aiding and abetting the circus acts are the global fiat currencies – the dollars, euros, yen, rubles, and what-have-you currencies that central banks print in excess to create the illusion of wealth and solvency. We have our devaluing fiat currencies or we can invest in a safety net – gold. It should be an easy choice!
Read More @ GoldSilverWorlds.com
A three ring circus is performing – to entertain and impoverish the western world.Ring # 1: The Euro tragedy is “extending and pretending” into a Greek drama.
Ring # 2: Iraq 3.0 is in beta test mode based on weapons of mass propaganda.
Ring # 3: The conflict in Ukraine is performing flips followed by flops.
Aiding and abetting the circus acts are the global fiat currencies – the dollars, euros, yen, rubles, and what-have-you currencies that central banks print in excess to create the illusion of wealth and solvency. We have our devaluing fiat currencies or we can invest in a safety net – gold. It should be an easy choice!
Read More @ GoldSilverWorlds.com
by Dr. Jeffrey Lewis, Silver-coin-investor:
Recently, I walked by our local Radio Shack. Strangely, my heart
skipped a beat when I saw the generic clearance signs and the emptiness
just beyond the glare and my reflection in the storefront glass. It was
bizarre to see this fixture of my childhood almost – finally – gone.
I had to walk in. One last lap through the familiar sections. I knew each section — all the wires and kits. I remember the catalogues. The homey feeling. The quirky salespeople.
I suppose I hadn’t really needed Radio Shack for some time. And of course, I wasn’t alone.
Read More @ Silver-coin-investor.com
image/techcrunch.com
Recently, I walked by our local Radio Shack. Strangely, my heart
skipped a beat when I saw the generic clearance signs and the emptiness
just beyond the glare and my reflection in the storefront glass. It was
bizarre to see this fixture of my childhood almost – finally – gone. I had to walk in. One last lap through the familiar sections. I knew each section — all the wires and kits. I remember the catalogues. The homey feeling. The quirky salespeople.
I suppose I hadn’t really needed Radio Shack for some time. And of course, I wasn’t alone.
Read More @ Silver-coin-investor.com
image/techcrunch.com
by Dave Hodges, The Common Sense Show:
At approximately noon on February 25, 2015, the Internet went down in a
wide swath ranging from just north of Phoenix stretching to Flagstaff.,
Arizona. Internet service was restored the following day around 1pm
local time.
The very first reports I received about the outage, coming out of Wickenburg and Prescott, was that the ISP from Century Link went down because a car crashed into a transformer. Shortly after that, reports stated that a construction crew hit a power line causing Internet service to go down. From the Phoenix media, we now know that this was the work of “vandals” who discovered where cables, buried several feet underground,were located in the midst of rough terrain. These “vandals” subsequently cut through the Internet cables which were inches to a foot thick and this was the cause this massive outage.
Read More @ Thecommonsenseshow.com
At approximately noon on February 25, 2015, the Internet went down in a
wide swath ranging from just north of Phoenix stretching to Flagstaff.,
Arizona. Internet service was restored the following day around 1pm
local time.The very first reports I received about the outage, coming out of Wickenburg and Prescott, was that the ISP from Century Link went down because a car crashed into a transformer. Shortly after that, reports stated that a construction crew hit a power line causing Internet service to go down. From the Phoenix media, we now know that this was the work of “vandals” who discovered where cables, buried several feet underground,were located in the midst of rough terrain. These “vandals” subsequently cut through the Internet cables which were inches to a foot thick and this was the cause this massive outage.
Read More @ Thecommonsenseshow.com
by Tim Hartnett, Lew Rockwell:
Every dog has his day. The shepherd breeds got theirs on Christmas
with the limited release of American Sniper. The film gives mainstream
traction to the idea that armed government employees are to society what
guard dogs are to livestock. Rush Limbaugh couldn’t resist all the hype
and crashed in January 27th.
That’s when the schlock-jock declared himself an equal to a soldier, a
cop or any other member of the packs that watch our backs. So far
neither the Pentagon nor the constabulary has driven him back to the
herd.
Going to the dogs is the latest craze for anyone looking to come off as a hero. If you haven’t heard about it stop grazing and listen up.
Read More @ LewRockwell.com
Every dog has his day. The shepherd breeds got theirs on Christmas
with the limited release of American Sniper. The film gives mainstream
traction to the idea that armed government employees are to society what
guard dogs are to livestock. Rush Limbaugh couldn’t resist all the hype
and crashed in January 27th.
That’s when the schlock-jock declared himself an equal to a soldier, a
cop or any other member of the packs that watch our backs. So far
neither the Pentagon nor the constabulary has driven him back to the
herd.Going to the dogs is the latest craze for anyone looking to come off as a hero. If you haven’t heard about it stop grazing and listen up.
Read More @ LewRockwell.com
from Off Grid Survival:
Over the last couple of years the US Military has faced significant
cuts; cuts that defense experts say have decimated the military, and
left the United States incredibly vulnerable in the process.
According to The Heritage Foundation’s “2015 Index of U.S. Military Strength” the United States is no longer equipped to fight two major wars simultaneously, something that we’ve been able to do since WWII.
The Defense Department’s two-MRC goal gives the U.S. military the ability to defeat one enemy while at the same time being able to prevent another aggressor — seeking to take advantage of the United States’ preoccupation with the first conflict — from defeating it in a separate conflict. That is no longer possible, according to the report.
Read More @ OffGridSurvival.com
Over the last couple of years the US Military has faced significant
cuts; cuts that defense experts say have decimated the military, and
left the United States incredibly vulnerable in the process.According to The Heritage Foundation’s “2015 Index of U.S. Military Strength” the United States is no longer equipped to fight two major wars simultaneously, something that we’ve been able to do since WWII.
The Defense Department’s two-MRC goal gives the U.S. military the ability to defeat one enemy while at the same time being able to prevent another aggressor — seeking to take advantage of the United States’ preoccupation with the first conflict — from defeating it in a separate conflict. That is no longer possible, according to the report.
Read More @ OffGridSurvival.com
by Michael Rothman, ABC News:
Leonard Nimoy, known for his iconic character Mr. Spock on “Star Trek,” has died, ABC News has confirmed via the actor’s granddaughter. He was 83.
Leonard Nimoy, known for his iconic character Mr. Spock on “Star Trek,” has died, ABC News has confirmed via the actor’s granddaughter. He was 83.
Nimoy, who played first officer to William Shatner’s Captain Kirk on the
Starship Enterprise in TV and movies, died Friday morning in Bel-Air,
California, his granddaughter Madeleine Nimoy confirmed to ABC News.
His son Adam told the Associated Press that he died of end-stage chronic
obstructive pulmonary disease. The actor revealed he was struggling
with the ailment in 2014, according to the New York Times. Nimoy had been a smoker, which contributed to the ailment, before he gave up the habit years ago.
Read More @ abc.com
Live, From Athens, It's Anti-Government Protest Live
Submitted by Tyler Durden on 02/27/2015 - 12:59 Two words can describe yesterday's first impromptu anti-government protest "organized" by the far-left Antarsya party now that the Greek honeymoon with the new Syriza government is over: disorganized and violent, especially since calling it a "protest" is a stretch - if anything was just young, unemployed, angry people tossing Molotov cocktails. Which is why today's first truly official protest organized by the Greek communist party in front of the Greek parliament on the well-known Syntagma square, will get far more attention, especially since it was Syriza's own anti-bailout protests that filled the same venue as recently as a few weeks ago./
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