Economy

America’s Giant Bubble Economy Is Going To Become An Economic Black Hole

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– America’s Bubble Economy Is Going To Become An Economic Black Hole (Economic Collapse, May 22, 2013):

What is going to happen when the greatest economic bubble in the history of the world pops?  The mainstream media never talks about that.  They are much too busy covering the latest dogfights in Washington and what Justin Bieber has been up to.  And most Americans seem to think that if the Dow keeps setting new all-time highs that everything must be okay.  Sadly, that is not the case at all.  Right now, the U.S. economy is exhibiting all of the classic symptoms of a bubble economy.  You can see this when you step back and take a longer-term view of things.  Over the past decade, we have added more than 10 trillion dollars to the national debt.  But most Americans have shown very little concern as the balance on our national credit card has soared from 6 trillion dollars to nearly 17 trillion dollars.  Meanwhile, Wall Street has been transformed into the biggest casino on the planet, and much of the new money that the Federal Reserve has been recklessly printing up has gone into stocks.  But the Dow does not keep setting new records because the underlying economic fundamentals are good.  Rather, the reckless euphoria that we are seeing in the financial markets right now reminds me very much of 1929.  Margin debt is absolutely soaring, and every time that happens a crash rapidly follows.  But this time when a crash happens it could very well be unlike anything that we have ever seen before.  The top 25 U.S. banks have more than 212 trillion dollars of exposure to derivatives combined, and when that house of cards comes crashing down there is no way that anyone will be able to prop it back up.  After all, U.S. GDP for an entire year is only a bit more than 15 trillion dollars.

But most Americans are only focused on the short-term because the mainstream media is only focused on the short-term.  Things are good this week and things were good last week, so there is nothing to worry about, right?

Read moreAmerica’s Giant Bubble Economy Is Going To Become An Economic Black Hole

Argentine Inflation: It’s Tough When All You Get Is Lies

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– Argentine Inflation: It’s Tough When All You Get Is Lies (Testosterone Pit, May 21, 2013):

The issue of inflation is complex everywhere. Official rates are disputed. People can’t reconcile them with what they see at the store. There are different formulas and data sets, resulting in different rates, and everyone picks and chooses what suits their needs. But nowhere is the issue as “complex,” infested with lies, and shrouded in obscurity as in Argentina.

Read moreArgentine Inflation: It’s Tough When All You Get Is Lies

Germany Fires Live Ammo In Sino-European Trade War … At Brussels

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– Germany Fires Live Ammo In Sino-European Trade War … At Brussels (Testosterone Pit, May 20, 2013):

The solar-panel industry, once fattened by taxpayer subsidies and false hopes, has been in a death spiral around the world. In the US, a slew of photovoltaic standouts like Solyndra went under, taking billions of subsidies and investor capital with them. In Germany, it has been just as brutal. Even large companies are licking their wounds.

Bosch Solar Energy AG will shut down production early next year, after having burned through €2.4 billion; 3,000 jobs are at risk. Siemens is trying to shed its solar units, if it can find a buyer. Victims of Chinese companies that flooded world markets with cheap solar panels. But even Chinese companies are going bankrupt, including one of the big four, Wuxi Suntech, subsidiary of US-listed Suntech Power.

Read moreGermany Fires Live Ammo In Sino-European Trade War … At Brussels

UKIP’s Nigel Farage: A Fraud On EU Taxpayers (Video – European Parliament, May 21, 2013)

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YouTube

Description:

• European Parliament, Strasbourg, 21 May 2013

• Speaker: Nigel Farage MEP, Leader of the UK Independence Party (UKIP), Co-President of the ‘Europe of Freedom and Democracy’ (EFD) Group in the European Parliament – http://nigelfaragemep.co.uk

• Joint debate: European Council meeting (22 May 2013) – tax fraud and tax havens

Speech transcript:

“Thank you. Well there is a great degree of unity here this morning, with a common enemy – rich people, successful companies evading tax, which of course is a problem.

Avoiding tax, which is not illegal, but it gives this whole chamber this morning a high moral tone.

And as Mr Barroso says it is all about the perception of fairness. Because there is the added bonus of course that it drives a wedge between the United Kingdom, the Channel Islands, the Isle of Man, and the Caymans.

But before we declare our virtues, perhaps we ought to look just a little bit closer to home.

And I hope that the taxpayers all over Europe listen to this. If we look at the EU officials who work for the European Commission and the European Parliament, the highest category [the most common grade is AD12] are people that earn a net take home pay of just over 100 thousand pounds a year. And yet under EU rules they pay tax of 12 per cent. It is tax fraud on an absolutely massive scale.

And Mr Barroso I would say to you, how can that be deemed to be fair? How can people out there struggling – the 16 million people unemployed in the eurozone – how can they look at these institutions, not only paying people vast sums of money but allowing them tax and pension benefits on a scale not seen anywhere else in the world? So I suggest we have a bit less of this high moral tone.

And what have these officials given us? Well, they were the architects of the euro, which is a complete disaster. Their obsession with global warming which chimes very strongly here means we are despoiling our landscapes and seascapes with these disgusting wind turbines and driving up energy prices.

But never let it be said that I cannot acknowledge success when I see it. And I am sure the citizens of Europe will all clap and cheer loudly that the grave, mortal danger of olive oil in dipping bowls has been removed by the officials. Well done everybody.”

Pentagon Spent $334 MILLION To Stockpile Anthrax Drug At Shelf Price Of $5,100 PER DOSE

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– ‘Conflict of interest’: US govt adviser on board of $334mn anthrax drug stockpile supplier (RT, May 20, 2013):

The Pentagon spent $334 million to stockpile an anthrax drug for a possible elaborate bioterrorist attack. The drug was produced by a company with a top government advisor on its board who’s been warning decision-makers about such a threat for a decade.

Richard J. Danzig, former secretary of the Navy, a prominent lawyer and biowarfare consultant to the US government, was involved with Human Genome, a biotech company. He received more than $1 million in director’s fees and other compensation from the company between 2001 and 2012, reports the Los Angeles Times.

Over the decade he was a strong advocate of improving America’s capability to respond to a possible bioterriorist attack. One of the scenarios he was warning about involved terrorist creating a strain of anthrax resistant to common antibiotics and weaponizing it.

He had the ear of senior Pentagon and DHS officials, with the government eventually deciding to stockpile drugs to deal with such kind of anthrax. One of them called raxibacumab, or raxi, is produced by Human Genome.

It was the first product that the company managed to sale and the US government is the only customer, the newspaper says. The US ordered 20,000 doses of raxi in 2006 and 45,000 more doses after 2009, when the initial batch expired. At shelf price of $5,100 per dose, the company received $334 million for the product, the newspaper says.

Read morePentagon Spent $334 MILLION To Stockpile Anthrax Drug At Shelf Price Of $5,100 PER DOSE

The Federal Reserve Cartel Part 1-4: The Eight Families – The Freemason BUS & The House Of Rothschild – A Financial Parasite – The Solution

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– The Federal Reserve Cartel: Part I: The Eight Families (Veterans Today, Dec 4, 2012)

– The Federal Reserve Cartel: Part II: The Freemason BUS & the House of Rothschild (Veterans Today, Dec 7, 2012)

– The Federal Reserve Cartel: Part IV: A Financial Parasite (Veterans Today, Dec 14, 2012)

– The Federal Reserve Cartel: Part V: The Solution (Veterans Today, Dec 17, 2012)

How The 1% Does DISNEY WORLD

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– How the 1% Does Disney World (Liberty Blitzkrieg, May 20, 2013):

Plane tickets to Orlando?  Check.  Sunscreen? Check.  Dad’s cholesterol medicine?  Check.  A disabled person to help the family cut the lines at all the rides at Disney World?  Checkmate.

After all, how pathetically pedestrian would it be to have to wait on long lines with the unwashed 99% just to ride in the tea cups for a couple of minutes.  No thanks.  For those that wonder how the 1%, (actually more like the 0.01%) in Manhattan do Disney World, look no further.  For a mere $130 an hour you can purchase a disabled person to help you jump ahead of your monetary challenged neighbors on rides throughout the park.

From the New York Post:

Some wealthy Manhattan moms have figured out a way to cut the long lines at Disney World — by hiring disabled people to pose as family members so they and their kids can jump to the front, The Post has learned.

The “black-market Disney guides” run $130 an hour, or $1,040 for an eight-hour day.

The woman said she hired a Dream Tours guide to escort her, her husband and their 1-year-old son and 5-year-old daughter through the park in a motorized scooter with a “handicapped” sign on it. The group was sent straight to an auxiliary entrance at the front of each attraction.

Read moreHow The 1% Does DISNEY WORLD

What Could Possibly Go Wrong? Amateur Investors Cash Out 401(k)s To Buy Homes

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– What Could Possibly Go Wrong Here? (ZeroHedge, May 20, 2013):

You know it’s getting frothy when… “We’re seeing many people cash out 401(k)s or IRAs because they want to take advantage of the [real estate] market.” As CNNMoney reports, in order to get in on hot housing markets, amateur investors are buying up homes and taking risky measures – like tapping their retirement accounts – to fund the deals. As one adviser noted, “our average client has retirement accounts of about $150,000 and is looking to buy one or two properties,” he said. “After 2008, they didn’t trust Wall Street. They wanted hard assets.” but as with every bubble there is always the greater fool to rely on – “They bought a lot of stuff cheap last year, but now they’re paying market value,” said Jack McCabe, a Florida-based real estate consultant. “Sometimes they’re overpaying… There’s no way they can get an 8% return buying at today’s market prices.” The problem, of course, is amateur investors sometimes spend all their free cash on their purchases, as “a whole lot of the people in the markets are not experts.” If the real estate market turns south again, that could leave a lot of investors in dire financial condition for their golden years.

Read moreWhat Could Possibly Go Wrong? Amateur Investors Cash Out 401(k)s To Buy Homes

‘Famous’ Chicago Federal Reserve Bank President Charles Evans Quotes

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– Name The Year Of The Famous Chuck Evans Quotes (ZeroHedge, May 20, 2013):

Evans Quote #1: “Chicago Federal Reserve Bank President Charles Evans on Monday reiterated his belief that the US economy will begin to turn around in the second half of this year. “We think conditions will improve in the second half of this year,”

Evans Quote #2: “The sovereign debt crisis that has enveloped three European nations and threatens to spread to others will slow U.S. economic growth, but the impact will be “minimal to modest,” the president of the Federal Reserve Bank of Chicago said Friday.

Evans Quote #3: Chicago Fed’s Evans comments in speech in Chicago: “economy improving quite a lot; companies seem to be in pretty good shape. Optimistic [XXXX] Will Be Year of Turnaround; US growth will be self-sustaining in [XXXX+1]”

For clarification, three different quotes – three different years…

Answers:

Quote #1

Quote #2

Quote #3

Gold And Silver Inverse Baumgartner’d – Silver Futures Trading Volume 82% Higher Than 100-Day Average

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– Gold And Silver Inverse Baumgartner’d (ZeroHedge, May 20, 2013):

UPDATE 1: Chatter of a potential US downgrade from Moody’s is being blamed (but that news out hours ago)UPDATE 2: Silver futures trading volume 82% higher than 100-day average

While the mainstream media will likely be loathed to mention it, gold and silver are surging higher. Gold has retested $1400 and Silver $23 on no news… so it seems the demand for ‘cheaper’ precious metals was enough to warrant a 4.6% rally off overnight lows in gold and 12.5% in silver amid heavy volume in futures markets…

Obama Spends $11 MILLION To Create Each ‘Green’ Job

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– Economic insanity: Obama spends $11 million to create each ‘green’ job (Natural News, May 18, 2013):

There has been nothing you could call “successful” about President Obama’s so-called “green energy” initiatives, but the worst thing of all is the billions in taxpayer dollars he has utterly wasted on failed companies who were trying to push unproven, and ultimately failed, initiatives.

Indeed, according to new data, the Obama Administration has spent an incredible $11 million for each “green” job that has been created, Breitbart News reports.

Recall for a moment that candidate Barack Obama, in 2008, promised he would create a whopping 5 million new green energy sector jobs if elected.

Read moreObama Spends $11 MILLION To Create Each ‘Green’ Job

Belgian Police Investigate Millions Of Counterfeit Euro Coins

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– Belgian Police Investigate Millions of Counterfeit Euro Coins (Veterans Today, May 19, 2013):

WORLD NEWS TOMORROW – BRUXELLES -During the last month the Belgian Federal police has confiscated several tons of counterfeit Euro Coins that were shipped from China via the Belgian territory into the European Union. There seems to been a huge increase since 2012 in the production and sales of counterfeited Euro Coins.The counterfeit euro coins are smuggled into Belgium with description of old metal transports and it seems that there might have been several hundred tons of counterfeit euro coins already in the markets according to a radio interview confirmed by Ine Van Wymersch and that the Belgian federal police is investigating the matter at present.

Its is unclear as to how many tons of counterfeit Euro coins might have been smuggled into the Belgian territory. Seeing that Belgium is a very small country with a population of only 6 million , only a few tons of counterfeit Euro coins could hugely effect the true monetary value of Belgium.

Read moreBelgian Police Investigate Millions Of Counterfeit Euro Coins

World Renowned Author Stuart Wilde Died From A Heart Attack On May 1st, 2013 (‘Beltane’) – Articles, Videos, Books

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As a side note (just to warn you about ‘Transcendental Meditation’):

Stuart Wilde is also a ‘Transcendental Meditation’ practitioner:

– David Sieveking’s Documentary ‘David Wants To Fly’ Exposes Guru Maharishi Mahesh Yogi’s Transcendental Meditation As What It Really Is: A Billion Dollar Business & A Total Scam

God Rot Our King by Stuart Wilde


YouTube Added: 28.03.2013

– In Loving Memory of Stuart Wilde (Stuart Wilde’s Website, May 10, 2013):

World Renowned Author & Metaphysical Teacher Stuart Wilde Dies, Age 66

Friends & Family sadly announce the passing of globally respected Author & Metaphysical Teacher Stuart Wilde. Wilde suffered a fatal heart attack on a scenic drive through Ireland on Wednesday May 1st, 2013.

As Author of over 20 books (translated into 27 languages and selling millions of copies) on Spirituality & Personal Development, Wilde was considered by many to be one of the greatest metaphysicians that ever lived. Many famous New Age, New Thought writers & teachers privately studied with him including Deepak Chopra & Dr. Wayne Dyer.

“Stuart’s sudden departure from the physical realm was very shocking and millions of hearts worldwide will be weeping with despair over the loss of a great teacher, a great man, and a great friend. He touched the lives of so many people, and he will be greatly missed.” said Stuart Wilde spokesman Tom Lishman

Read moreWorld Renowned Author Stuart Wilde Died From A Heart Attack On May 1st, 2013 (‘Beltane’) – Articles, Videos, Books

Confirmed: Bilderberg 2013 Held in Watford, UK

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– Official Confirmation: Bilderberg 2013 (Bilderberg, May 9, 2013):

The 2013 Bilderberg conference is now confirmed at the Grove hotel, Watford. A spokesman for Herts Constabulary said:

“I can confirm that the Bilderberg group meeting is taking place at The Grove hotel,
Watford, between 6th-9th June 2013?

Watford’s finest hotel, playing host to the world’s most powerful political summit. A bright day indeed for the Grove.

– The Bilderberg Group to meet in The Grove Hotel in Watford (Watford Observer, May 7, 2013):

A secretive meeting involving some of the most influential figures in Western Europe and North America will take place in Watford next month, the Watford Observer can reveal.

The Bilderberg Group will be meeting in The Grove Hotel between June 6 and June 8.

Around 100 invited dignitaries from around the world will descend on the town for a three-day conference and the entire 220-room hotel is booked out for the event.

The guestlist for the “small, flexible, informal and off-the-record international forum” is a closely guarded secret but previous participants are believed to include Prime Minister David Cameron, his predecessors Tony Blair, Margaret Thatcher and Gordon Brown as well as Chancellor George Osborne, Henry Kissinger and first in line to the throne Prince Charles.

A Hertfordshire Police spokesman confirmed the event was taking place but declined to comment on operational policing details.

The spokesman added that the force would “facilitate people who want to undertake peaceful protest.”

The group got their name from the Hotel de Bilderberg in Holland where the first meeting was held in May 1954.

Bilderberg 2013 Held in Watford, UK

U.S. Senate Shows It Has Its Priorities Straight … (Friday Humor)

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From the article:

“So basically what governments in Europe and the Land of the Free are telling us is

Beer and Populism: good.

Private property rights, freedom, privacy, business, price stability: bad.”

– Friday humor: US Senate shows it has its priorities straight… (Sovereign Man, May 17, 2013):

Well, you have to admit one thing– the United States Senate certainly has its priorities straight.Early last week they passed S.743, the Marketplace Fairness Act. This bill requires US-based online merchants to charge, collect, report, and pay sales tax to the roughly 9,646 jurisdictions within the Land of the Free which levy such a tax.

Read moreU.S. Senate Shows It Has Its Priorities Straight … (Friday Humor)

The World’s Uberwealthy Scramble To Buy Greek Isles

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– The World’s Uberwealthy Scramble To Buy Greek Isles (ZeroHedge, May 17, 2013):

The emir of Qatar is a busy man: in addition to providing funding and weapons to the mercenary group formerly known as Syrian “rebels” in order to boost his already incalculable wealth and promote his LNG interests in the region over those of Saudi Arabia, in the process isolating Russia as the marginal provider of energy to Europe and furthering western interests even if it means escalating the Syrian civil war, he is also diversifying his assets. And he is doing so in a way that would provide for a quick and painless getaway should things in his country turn sour (now that the US and Russian fleets are converging nearby, this is no longer a merely token possibility): by buying Greek islands. So now that the world has seen the “lead investors” step in, the uber-wealthiest are scrambling to copycat one of the world’s richest people and stake their own Greek island claim.

As reported two months ago, Qatar’s emir Hamad bin Khalifa Al Thani paid €8.5 million for six islands in the Ionian sea. As Guardian reported, “The isles, known as the Echinades, caught the oil-rich monarch’s fancy when he moored his super-yacht in the turquoise waters off Ithaca, took in the view and liked what he saw. That was four summers ago.”

When the royal eventually got off the yacht, he inquired about the pine-covered chain as he strolled about Ithaca in sandals and shorts. “They have a fund with a couple of hundred million in it,” enthused Kassianos, a former US economics professor who assumed the mayorship of Homer’s fabled isle three years ago. “And as far as I know they want to buy all 18 of the islands, the whole lot.”

Read moreThe World’s Uberwealthy Scramble To Buy Greek Isles

Welcome To The UK Recovery: Indebted British Man Sets Himself On Fire

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– Welcome to the UK Recovery: Indebted British Man Sets Himself on Fire (Liberty Blitzkrieg, May 17, 2013):

Nothing says recovery like citizens in debt setting themselves on fire due to economic hardship.  In this tragic case, Antony Breeze self-immolated after being preyed upon by payday lending companies that began to harass his father.  Similar stories are sure to reach U.S. shores before too long, particularly considering how TBTF domestic banks are partnered up with payday loan companies charging up to 500% interest.

From the Daily Mail:

A debt-ridden father doused himself in petrol and turned himself into a human fireball after being harassed for money by payday loan firms.

Antony Breeze, 36, died after setting himself alight, telling passers-by who tried to extinguish the flames: ‘I’ve had enough.’

Read moreWelcome To The UK Recovery: Indebted British Man Sets Himself On Fire