Early last month we warned that California’s drought was approaching historic proportions and that if climatologists were to be believed, the country may see a repeat of The Dirty Thirties as experts cite “Dust Bowl” conditions. Governor Jerry Brown has called for statewide water restrictions aimed at reducing consumption by 25%.
Now, the conservation calls are getting much louder as the state’s water regulators have approved “unprecedented” measures aimed at curtailing the crisis.
Without this epic stockpiling of non-farm inventory which will have to be liquidated at some point (and at a very low price) Q1 GDP would have been -2.5%.
A jury Monday found a couple guilty of having sex on Bradenton Beach after only 15 minutes of deliberation.
The convictions carry a maximum prison sentence of 15 years.
Both Caballero and Alvarez will now have to register as sex offenders.
Ronald Kurpiers, defense attorney for the couple, said his clients were “devastated,” by the verdict.
Though Dafonseca hinted that they’d be speaking with the judge about whether or not 15 years was appropriate for Caballero, Kurpiers said the judge would have no discretion.
This is what “justice” looks like in the Oligarch States of America. If you’re a pleb who gets caught having consensual sex on the beach, you’re immediately convicted and face up to 15 years in the gulag. Meanwhile, if you’re a banking executive responsible for crashing the global economy, you’re rewarded with trillions in taxpayer bailouts and backstops and given free reign to continue your crime spree. Criminal charges are never considered, despite the extreme negative impact your actions have on society at large, and you’re always given a slap on the wrist via deferred prosecution agreements, or DPAs. Don’t believe me? Let’s look at an excerpt from last year’s post titled, The U.S. Department of Justice Handles Banker Criminals Like Juvenile Offenders…Literally:
On Saturday night, a man whose name still seems to be unknown, but who was wearing a “F##k the Police” t-shirt, came out in front of police past the official curfew. This is what happened next:
As Mike noted previously, the situation in Baltimore is very serious and all Americans should be paying very close attention; but Baltimore is just a Microcosm of America.
Baltimore, Maryland is in many ways the perfect microcosm for these United States of America. If you still don’t get that, you’ll be in for a rude awakening in the years ahead.
A gradual erosion of the Constitution and the civil rights of the citizenry, the abuse of power by people in authority, perverse financial incentives that lead to horrible outcomes, zero accountability, and a ubiquitous surveillance state apparatus; Baltimore has it all. Yet all of these troubling traits have also come to characterize early 21st century America.
One month ago, when we commented on the latest monthly withdrawal from the gold vault lying on New York’s bedrock some 90 feet below the NY Fed building, which then saw another 10 tons quietly repatriated by unnamed foreign central bank(s) bringing the total held on behalf of foreign governments to below 6,000 tons for the first time in the 21st century, we made an observation:
… it means that all of the 207 tons in Dutch and German withdrawals are now accounted for with a matched and offsetting “departure” at the Fed. Which is why the next monthly update of the Fed’s earmarked gold will be especially interesting: if March data shows that the withdrawals continue, it will mean that either Germany, or some other sovereign, has continued to redeem their gold which for some reason they no longer trust is safe lying nearly 100 feet below street level on the Manhattan bedrock.
On July 12 of 2014 we reported that “after conducting countless sorties and bombing raids aimed at Hamas operatives in Gaza during the fifth day of Operation Protective Edge, but resulting in well over a hundred innocent civilian deaths in the past week, Israel, realizing it is not generating any brownie points with the international “humanitarian” media, finally did what it had threatened to do over the last few days – launch a ground assault.”
The ground assault promptly led to a mini-war in the Gaza Strip that left more than 2,100 Palestinians dead, of which 80% civilians, and reduced vast areas to rubble: a “war” which many speculated was a predetermined massacre by highly skilled, trained, and ethically drained Israeli soldiers who used civilians for target practice.
“Deutsche Bank’s illegal conduct involved nearly a decade of lying, cheating, and stealing. This criminal conduct was pervasive and widespread, involving dozens of employees from Deutsche Bank offices including New York, Frankfurt, Tokyo, and London. Deutsche Bank’s traders engaged in a brazen scheme to defraud Deutsche Bank’s counterparties and the worldwide financial marketplace by secretly manipulating LIBOR. The conduct is appalling. It was a complete criminal fraud upon the worldwide marketplace.”
Americans might be quite surprised to know that even with all the U.S. Government sanctions and threats of war with Russia, America still imports a significant amount of petroleum from the former communist country. How much petroleum does the United States import from Russia? Actually, a lot more when we focus on net imports..
On the heels of Monday’s news that the IMF may demand a write-off of Greek debt by European creditors before the organization will disburse its portion of a €7.2 billion aid tranche to Athens, it now appears the situation has deteriorated further with unnamed Greek officials reporting “serious disagreements” between the IMF and the EU which may make a compromise “impossible” by the critical May 12 deadline.
As a reminder, in the summer of 2013 when the Syria war tensions saw a build of US, Russian and even Chinese ships in the Mediterranean ahead of what could be the first global Middle East war. The war was avoided in the last minute. This time the naval build up is taking place even closer to both Europe and Russia, and now even China is present.
Remember that in a beggar thy neighbor world, where currency warfare has once again broken out between the US, Europe and Japan, for every winner there is a loser. In this case, the loser is the one country that has decided that a strong currency is a great thing for its economy (if only for the time being): that would be the US. Why is this relevant? Because as the chart below shows, US trade excluding Petroleum, just crashed to $43.7 billion, the worst print in the history of the series, suggesting that portrayals of the US as a resurgent export powerhouse are completely erroneous, and that instead the US is as big a net importer of goods and services (and soon to be oil) as ever.
After shrinking notably in Feb, March’s US Trade deficit exploded. Against expectations of a $41.7bn deficit, the US generated a $51.4bn deficit – the worst since Oct 2008 and the biggest miss on record. Exports rose just $1.6bn while imports soared $17.1bn with the goods deficit with China soaring from $27.3bn to $37.8bn in March. Ironically, just as the “harsh winter” was found to lead to a GDP boost due to a surge in utility spending, so the West Coast port strike which was blamed for the GDP drop, was actually benefiting the US economy as it lead to a plunge in imports. In March, however, the pipeline was cleared, and US imports from China soared by over $10 billion to $38 billion. End result: prepare for upcoming Q1 GDP downgrades into negative territory.
As we first reported on Monday, ISIS has indeed claimed responsibility for the attack on a security guard in Garland, Texas on Sunday evening. In a statement, the group warns of further attacks that it promises will be “worse and more bitter” and may be “just around the corner.”
Warren Buffett believes “that bonds are very overvalued“, and a recent survey of fund managers found that 80 percent of them are convinced that bonds have become “badly overvalued“. The most famous bond expert on the planet, Bill Gross, recently confessed that he has a sense that the 35 year bull market in bonds is “ending” and he admitted that he is feeling “great unrest”. Nobel Prize–winning economist Robert Shiller has added a new chapter to his bestselling book in which he argues that bond prices are “irrationally high”. The global bond bubble has ballooned to more than 76 trillion dollars, and interest rates have never been lower in modern history. In fact, 25 percent of all government bonds in Europe actually have a negative rate of return at this point. There is literally nowhere for the bond market to go except for the other direction, and when this bull market turns into a bear it will create chaos and financial devastation all over the planet.
Chinese Kids Driving Supercars: Inside the Secret Southern California Meet-up
Description:
China’s ultra-rich are growing in number and in wealth – and are sending billions of dollars out of the country. Much of it is landing up in the U.S. where many children of the wealthy elite are sent to get an American college education — and they’re living large. Vocativ found a sub-culture of these Chinese students in California. They drive luxury cars like Maseratis and Ferraris and flaunt their wealth at discreet private parties and in online groups, like “Super Cars in America”.
Our estimates show that the developing world lost US$991.2 billion in illicit financial flows in 2012, over ten times the amount of official development aid received by these countries in that year, and greater than the amount of net foreign direct investment received. From 2003 – 2012, US$6.6 trillion left developing country economies illicitly.
Illicit outflows from developing countries increased at a trend rate of 9.4 percent per annum in real terms over the time period from 2003 to 2012. Though growth rates of IFFs tended to be higher before the financial crisis, their volume continues to climb. Over this time period, illicit financial flows were equivalent to 3.9 percent of developing world GDP on average.
Save for a brief slowdown during the financial crisis, illicit financial flows have been allowed to grow unchecked over the past decade. In 2012, illicit outflows reached a staggering new peak of US$991 billion.
While the U.S. government loves to target and imprison small time so-called “money launderers” such Bitcoin pioneer Charlie Shrem, the real money launderers, the ones who help drug cartels and pump criminally sourced money into foreign real estate thus pricing out domestic populations worldwide, face no consequences whatsoever. I’ve explored this hypocrisy on many occasions, most recently in the post, Some Money Launderers are More Equal than Others Part 2 – CEO of BitInstant is Arrested. Here’s an excerpt:
Have you ever wondered why President Obama is so willing to chase ISIS into Syria and risk war with Russia, but he allows an ISIS base camp to remain intact only 8 miles from El Paso?
Both this article and the subsequent interview will answer the aforementioned question while demonstrating how the U.S. is funding the very enemy we are supposed to be trying to destroy. All is revealed in this “tell-all” in one of the most important interviews ever conducted on The Common Sense Show.
Scott Bennett Was a “Who’s Who” On International Terrorism and American PSYOPS
ISIS is funded by the CIA, so says Scott Bennett who is a U.S. Army Special Operations Officer (11th Psychological Operations Battalion, Civil Affairs-Psychological Operations Command), and a global psychological warfare-counterterrorism analyst, formerly with defense contractor Booz Allen Hamilton. He received a Direct Commission as an Officer, held a Top Secret/Sensitive Compartmentalized Information (TS/SCI)security clearance, and worked in the highest levels of international counterterrorism in Washington DC and MacDill Air Force Base in Tampa, Florida. He has developed and managed psychological warfare theories, products, and operations for U.S. Special Operations Command, U.S. Central Command, the State Department Coordinator for Counterterrorism, and other government agencies.
Imagine a universal nutrient that could help you improve your health, while preventing many future diseases. Perhaps it could also improve mental function, while preventing Parkinson’s and Alzheimer’s.
Wouldn’t it be nice if it would remove heavy metals and clean out clogged arteries, preventing heart attacks, strokes, and other atherosclerosis-related problems? You’d like it to prevent cancer or discourage it if you already had it. And wouldn’t you want it to promote optimal function of all the body’s hormones, greatly helping diabetes? Wouldn’t it be great if it resolved thyroid issues, thus preventing surgery or drug dependence? And what if it could kill parasites, bacteria, viruses, and fungi that cause disease?
Three sets of military exercises kicked off in Europe on Monday, involving thousands of servicemen from a variety of NATO nations and their allies, amid a wave of similar action across the area.
Estonia is holding its largest-ever military drills. Named Siil-2015 (Hedgehog), the maneuvers involve about 13,000 personnel. The number includes about 7,000 reservists, along with members of the volunteer Estonian Defense League.
Siil-2015, scheduled to last until May 15, also involves forces from the US, the UK, Germany, Latvia, Lithuania, Belgium, Poland and the Netherlands. American troops, who are staying in Estonia as part of the massive training operation Atlantic Resolve, will bring four Abrams main battle tanks to the exercise. British, Belgian and German air defense units, as well as several NATO warplanes, will also take part.
“opium production has increased 33 fold from 185 tons in 2001 to 6100 tons in 2006. In 2007, Afghanistan provided approximately 93% of the global supply of heroin…”
Israeli soldiers were ordered to ‘fire at every person you see’ during the Gaza war, while civilian areas were deliberately targeted with inaccurate weapons, a report by the Israeli group Breaking the Silence NGO asserts.
Breaking the Silence, an NGO run by former Israeli soldiers, spent eight months after Operation Protective Edge ended interviewing more than 60 Israeli servicemen from the army, navy and air force up to the rank of major. The result is 237-page report.
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.AcceptRejectRead More https://infiniteunknown.net/dsgvo/
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
