Month: July 2014

Obama Sued: House Authorizes Lawsuit Against President With 225-201 Vote

obama-angry

– Obama Sued: House Authorizes Lawsuit Against President With 225-201 Vote (ZeroHedge, July 30, 2014):

Argentina defaults; Russia, Ukraine, Libya, Israel, Gaza, Iraq all in a state of (hot or otherwise) war, the worst Ebola epidemic in the history of Africa, and now Obama is getting sued.

And from Reuters:

Read moreObama Sued: House Authorizes Lawsuit Against President With 225-201 Vote

Argentina Defaults

Related info:

– Clintonians Join Vulture Flock Over Argentina

– Argentina: 1 Week Left Until ‘D’efault-Day (ZeroHedge, July 22, 2014)

– Argentina Defaults (ZeroHedge, July 30, 2014):

It’s all over but the crying: having explained Argentina’s position (i.e. not giving to so-called vulture funds), Economy Minister Kicilloff explains:

  • *KICILLOF SAYS HEDGE FUNDS NOT WILLING TO GIVE DELAY ON RULING
  • *KICILLOF SAYS HARD TO BELIEVE ARGENTINA IN DEFAULT IF HAS FUNDS
  • *KICILLOF SAYS ARGENTINA CAN’T COMPLY WITH COURT RULING
  • *HOLDOUTS DIDN’T ACCEPT ARGENTINE OFFER: KICILLOF

As Bloomberg notes, by defaulting today, Argentina may trigger bondholder claims of as much as $29 billion — equal to all its foreign-currency reserves. Just remember that the last 2 days have seen ‘smart money’ buy Argentine bonds and stocks to all-time record highs.

Read moreArgentina Defaults

‘US Will Feel Tangible Losses,’ Russia Prepares To Unleash Retaliatory Trade Wars

Vladimir Putin

– “US Will Feel Tangible Losses,” Russia Prepares To Unleash Retaliatory Trade Wars (ZeroHedge, July 30, 2014):

“It’s a troubling continuation/expansion of trade as a geopolitical tool,” warns one Washington-based consulting firm as Russia prepares to unleash retaliatory actions to US and European sanctions. As Bloomberg reports, Russia said yesterday it may ban imports of chicken from the U.S. and fruit from Europe and is investigating McDonald’s cheese for safety. In addition, a Russian lawmaker has drafted legislation that might result in U.S. accounting firms being barred from doing business in his country. All of this is odd given Jack “trust me” Lew’s reassurance that Russian sanctions would have no impact on the US economy. Russia’s response, US will feel ‘tangible losses’ from ‘destructive, myopic’ sanctions.

As Bloomberg reports, while Russia and the U.S. have long sparred over agricultural trade, the actions fueled speculation they could be retaliatory.

Russia’s food safety agency said it may ban imports of U.S. poultry and some European fruit due to contamination of the products, according Bloomberg BNA, citing Russian state media. The food safety agency, known as Rosselkhoznadzor, also said it will examine suppliers of McDonald’s cheese for their use of antibiotics.

Russia was the second-largest market, after Mexico, for U.S. chicken last year, according to the USA Poultry & Egg Export Council. The U.S. exported about $309 million worth of broiler chickens to Russia last year, according to the council.

Read more‘US Will Feel Tangible Losses,’ Russia Prepares To Unleash Retaliatory Trade Wars

GDP Deja Vu Stunner: Over Half Of US Growth In The Past Year Is From Inventory Accumulation

– GDP Deja Vu Stunner: Over Half Of US Growth In The Past Year Is From Inventory Accumulation (ZeroHedge, July 30, 2014):

Back in December 2013, when everyone was expecting a 3% GDP print for Q1, we did a simple analysis concluding that “Inventory Hoarding Accounts For Nearly 60% Of GDP Increase In Past Year.” We stated that this “hollow growth”, which is merely producers pulling demand from the future courtesy of cheap credit and assuming the inventory will be sold off in ordinary course of business without bottom-line slamming liquidations or dumping, and which further assumes a healthy US consumer and global economy, is a flashing red flag for the future of US economic growth. In fact, we were one of the very few who warned that Q1 GDP would be a disaster: “The problem with inventory hoarding, however, is that at some point it will have to be “unhoarded.” Which is why expect many downward revisions to future GDP as this inventory overhang has to be destocked.”

This is precisely what happened in Q1, however it was blamed on the “harsh weather.”

Read moreGDP Deja Vu Stunner: Over Half Of US Growth In The Past Year Is From Inventory Accumulation

Israel Bombs Another UN School – Killing Women and Children – Despite UN Telling Israel 17 Times that the School Sheltered Civilians

Related info:

– Facts All US Citizens Need To Know About Israel And Palestine

Flashback:

– On record: Benjamin Netanyahu: ‘America is something that can easily be moved.’ ‘The world won’t say a thing.’ ‘The world will say we’re defending.’ (Video)

– Israel Bombs Another UN School – Killing Women and Children – Despite UN Telling Israel 17 Times that the School Sheltered Civilians (Washington’s Blog, July 30, 2014):

6th UN Shelter Bombed by Israel

Many Gazans have been ordered by the Israeli military to leave their homes.

The Gaza strip was already very small and overcrowded – and Israel has just taken away 44% of it – and so many civilians have crowded into UN shelters … which they assumed were safe.

By way of background, the United Nations Relief and Works Agency (UNRWA) runs a number of shelters in Gaza.

Read moreIsrael Bombs Another UN School – Killing Women and Children – Despite UN Telling Israel 17 Times that the School Sheltered Civilians

Video: Fukushima debris “waist high” on Canadian island; “Catastrophic death” trapped in nets, it’s horrifying; 15-mile long lines of floating trash — Journalist: Radioactive tsunami debris found far from Fukushima plant — Global concern over spread of contamination

– Video: Fukushima debris “waist high” on Canadian island; “Catastrophic death” trapped in nets, it’s horrifying; 15-mile long lines of floating trash — Journalist: Radioactive tsunami debris found far from Fukushima plant — Global concern over spread of contamination (ENENews, July 29, 2014):

West Coast Fishermen ‘Fukushima debris waist high’, Jozef Vass, June 15, 2014:

> Video #1 — 3:00 in

Top Financial Experts Say World War 3 Is Coming … Unless We Stop It

Related info:

– The Shocking Reason Putin Isn’t Worried About The $50 Billion Yukos Ruling:

“There is a war coming in Europe,” he said. “Do you really think this matters?”

– Top Financial Experts Say World War 3 Is Coming … Unless We Stop It (Washington’s Blog, July 30, 2014):

Nouriel Roubini, Kyle Bass, Hugo Salinas Price, Charles Nenner, James Dines, Jim Rogers, David Stockman, Marc Faber, Jim Rickards, Paul Craig Roberts, Martin Armstrong, Larry Edelson, Gerald Celente and Others Warn of Wider War

Paul Craig Roberts – former Assistant Secretary of the Treasury under President Reagan, former editor of the Wall Street Journal, listed by Who’s Who in America as one of the 1,000 most influential political thinkers in the world, PhD economist – wrote an article yesterday about the build up of hostilities between the U.S. and Russia titled, simply: “War Is Coming”.  In the article, Roberts notes:

Read moreTop Financial Experts Say World War 3 Is Coming … Unless We Stop It

TV: Mounds of millions of jellyfish-like creatures wash up on Pacific beaches across multiple states — “They lined entire Oregon Coast” — Seen for first time in a great many years — Official: “They just covered the sea surface… as far as we could see” — Thought to mix with ones from Japan (VIDEO & PICS)

Mounds of millions of jellyfish-like creatures wash up on Pacific beaches across multiple states

– TV: Mounds of millions of jellyfish-like creatures wash up on Pacific beaches across multiple states — “They lined entire Oregon Coast” — Seen for first time in a great many years — Official: “They just covered the sea surface… as far as we could see” — Thought to mix with ones from Japan (VIDEO & PICS) (ENENews, July 29, 2014):

CBS San Francisco, July 28, 2014: The sand was kind of blue because of these kind of disgusting little creatures, they look like jellyfish. We asked an expert, they’re not true jellyfish… Don’t be afraid of them… it is normal we are told. >> Full broadcast here

Debi Shearwater of Shearwater Journeys, July 21, 2014: Half Moon Bay [California] Pelagic Trip Highlights […] For the first time in a great many years, we saw by-the-wind-sailors (Velella velella).

Tricia Johns’ Blog, July 18, 2014: Crescent City [California] — Around mid-morning we both noticed some small floating objects that weren’t familiar to us […] I suspected it was a kind of jellyfish […] Turns out these things are a jellyfish called Velella velella – we saw many thousands […]

KEZI, June 30, 2014: Millions of jellyfish-looking creatures have washed up along the shores… Officials say there’s nothing unusual about the visit from the Vellela Vallela… A surprise this weekend… Beach visitor: “All these little things, we’ve never seen them before.”…  It is best not to touch them, a lot of people have complained of an allergic reaction. >> Full broadcast here

Read moreTV: Mounds of millions of jellyfish-like creatures wash up on Pacific beaches across multiple states — “They lined entire Oregon Coast” — Seen for first time in a great many years — Official: “They just covered the sea surface… as far as we could see” — Thought to mix with ones from Japan (VIDEO & PICS)

Lancet Medical Journal Denounces Israel’s Aggression, Targeting of Children, and Attempts to Kill Gaza – Seven Quotes

Gaza-Under-Attack

– Lancet Medical Journal Denounces Israel’s Aggression, Targeting of Children, and Attempts to Kill Gaza – Seven Quotes (Washington’s Blog, July 30, 2014):

Doctors and scientists, on behalf of 24 signatories, in the peer-reviewed medical journal The Lancet, write:

“An Open Letter for the People of Gaza”

Seven crucial quotes:

  • Gaza is being killed by one of the world’s largest and most sophisticated modern military machines.
  • This is a “military onslaught on civilians in Gaza”

21 Ways To End The Phrase ‘Americans Are So Broke …’

change-obama

– 21 Ways To End The Phrase ‘Americans Are So Broke…’ (Economic Collapse, July 29, 2014):

Did you know that 77 million Americans have unpaid debts that are “in collections” and that Congress is actually thinking about letting post offices offer payday loans?  We live in a country where almost everyone is drowning in debt and where most people are either flat broke or very close to flat broke.  Years ago, “your Mama is so broke” jokes were all the rage, and at the rate we are going they could make a big comeback.  Some of my favorites were “your Mama is so broke she went to McDonald’s and put a milkshake on layaway” and “your Mama is so broke your family ate cereal with a fork to save milk”.  Unfortunately, the facts that I am about to share with you are not funny at all.  In fact, they are quite sobering.  Yes, things are going fairly well for the elitists that live in the good areas of New York City, Washington D.C. and San Francisco right now, but most of the country is deeply struggling as our economic fundamentals continue to crumble.  Please share these numbers with as many people as you can, because we need people to understand that there has not been an “economic recovery” for most of America.  In fact, in many ways things just continue to get even worse.

The following are 21 ways to end the phrase “Americans are so broke”:

Read more21 Ways To End The Phrase ‘Americans Are So Broke …’