Oil companies cut billions in spending, BP freezes pay of 84,000 staff globally, and Oil price loses another dollar a barrel today

BP has frozen the pay of its 84,000 staff around the world in response to the plunge in the oil price, which has more than halved in the past six months.

Weeks after cutting 300 jobs in Aberdeen, the oil company’s boss, Bob Dudley, sent a memo to all its staff outlining the decision to hold salaries at last year’s levels because of the harsh trading environment.

BP is among […]

Economic war escalates, S&P cuts Russian debt to junk status. Ruble spikes to 68-$. Russia likely to respond with buying more Gold and selling US Treasuries.

S&P downgrades Russia’s credit rating to junk

US-based credit rating agency Standard & Poor’s has cut Russia’s sovereign rating to BBB-, leaving it below investment grade for the first time in a decade.

“The downgrade reflects our view that Russia’s monetary policy flexibility has become more limited and its economic growth prospects have weakened. We also see a heightened risk that external and fiscal buffers will deteriorate due to rising […]

The weekend is over and crude oil is getting smoked again… Crude oil was down another 2.5% to $44.45 a barrel. With oil at $65, industry would be “really busy with restructurings.” In the 40s “we’re looking at liquidations.”

The weekend is over and crude oil is getting smoked again http://t.co/mgROSNp5V6 pic.twitter.com/riG1tBZXyA

— Business Insider (@businessinsider) January 26, 2015

- The weekend is over in New York and near 7:05 pm ET, the price of West Texas Intermediate crude oil was down another 2.5% to $44.45 a barrel. Additionally, US stock futures were selling off after a mixed week that saw the Nasdaq and S&P 500 gain ground while […]

MUST LISTEN: WW3, Transhumanism & The Battle For The Soul Of Humanity — Dave Hodges

Dave Hodges of the Common Sense Show.com joins me to talk about all of it – manufactured terror, World War 3, the elite’s plan to sell out humanity, depopulate the earth and use Transhumanism on those who are left here to be slaves. This is a must listen conversation and we very much appreciate you tuning in and sharing it with those you love.

Dave’s site: http://www.thecommonsenseshow.com/

For REAL […]

Euro crisis, banking crisis, debt crisis – 5 yrs rearranging deck chairs on the Titanic … Still not nuff lifeboats, but the band plays on

5 years into the euro zone crisis the ECB announces a €1.1 trillion quantitative easing programme to boost economy. Bolder than expected.

Draghi Commits ECB to Trillion-Euro Asset-Purchase Plan to Fight Deflation

Mario Draghi led the European Central Bank into a new era, committing to a quantitative easing program worth at least 1.1 trillion euros ($1.3 trillion) to counter the threat of a deflationary spiral.

The ECB president shrugged off […]

Biggest snowstorm in history set to hit NY, Panic-buyers clear stores of food ahead of blizzard threatening

Snow up to 3 feet and hurricane-like gusts could slam Boston and New York Monday and Tuesday. http://t.co/5ld4nRUMaI pic.twitter.com/tTqnfiu71e

— CNN Breaking News (@cnnbrk) January 26, 2015

The National Weather Service (NWS) has warned of a “potentially historic blizzard”

New York’s mayor is telling residents to “prepare for the worst”.

“This could be the biggest snowstorm in the history of this city, prepare for something worse than we have […]

Oil & Gas Default Wave, “Outright Liquidations” Next – At These Prices, Time And Money Are Running Out For Junk-rated Companies.

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter

Next Chapter in the Great American Oil Bust

Every rally in crude oil since June turned out to be a pathetic sucker rally. On Friday, West Texas Intermediate fell over 2% to $45.32 a barrel, back where it had been on January 12, annihilating most of the 12% rally in between. WTI is now 58% below the June peak.

“If prices stay low well into the latter […]

SHOCKING Report Reveals Government STEALING Pension Funds!

Sources: “Is Your Pension Courting Catastrophe? – Bloomberg View” http://www.bloombergview.com/articles… “Detroit attorney says pension cuts actually close to 50 percent – World Socialist Web Site” http://www.wsws.org/en/articles/2014/… “Public service unions not entitled to $28B pension surplus, says Supreme Court | Toronto Star” http://www.thestar.com/news/canada/20… “Portugal raids pension funds to meet deficit targets – Telegraph” http://www.telegraph.co.uk/finance/fi… “Hungarian savers say government is stealing their pensions | Reuters” http://www.reuters.com/article/2014/1… “Russia Seized Citizens Pension Funds. […]

Radical Leftists Win Election In Greece – Future Of Eurozone In Serious Jeopardy

By Michael Snyder

Radical leftists have been catapulted to power in Greece, and that means that the European financial crisis has just entered a dangerous new phase.  Syriza, which is actually an acronym for “Coalition of the Radical Left” in Greek, has 36 percent of the total vote with approximately 80 percent of the polling stations reporting.  The current governing party, New Democracy, only has 28 percent of the […]

ECB QE at 60 billion a month, worldwide monetary policies signal distress

Today on The Janssen Report (#91): why have we allowed thin air to be a cashflow generating asset? This in essence what the banking system has created for itself: creating an interest-generating asset (= loans) by typing numbers in a computer.

With the Swiss National Bank unpegging the Franc from the Euro and Mario Draghi of the ECB announcing massive asset and bond buying at 60 billion euros a […]

Get ready. IBM about to layoff 26% of its employees starting next week.

Last October, IBM (IBM) chief executive Ginni Rometty vaguely hinted the company’s self-styled makeover to analytics, cloud, mobile and security specialist could mean yet another round of layoffs, following last year’s firing of 10,000 workers with another 1,700 shown the door in 2013.

But that was small potatoes compared to what might hit IBM next week amid one report the vendor is prepping to lay off what could amount to […]

Staggering Amount Of Debt Throughout The World. The Cause? War Is At Our Footsteps, And Countries Splurge To Do Whatever It Takes to Win

pic.twitter.com/uiT7ArqfWb

— trutherbot (@trutherbot) January 20, 2015

Japan approves record defence budget, record $42b budget is to boost defences of disputed islands amid China’s assertiveness in the region

Japan’s cabinet has approved the country’s largest defence budget, with plans to buy surveillance aircraft and F-35 fighter jets to improve defences of disputed islands amid China’s increasing assertiveness in the region. Prime Minister Shinzo Abe’s Cabinet endorsed on Wednesday a nearly […]

‘India wants fruitful relations with both US, BRICS’ – Dr. Sreeram Chaulia

My meeting with President Obama was very fruitful. We are committed to taking India-USA relations to the next level, benefitting our Nations

— Narendra Modi (@narendramodi) January 25, 2015

‘India wants fruitful relations with both US, BRICS’

India knows what to get and from whom, Dr. Sreeram Chaulia of the Jindal School of International Affairs told RT. It wants to hedge its bets and build close relations with BRICS, […]

F-16 Air Base Crash Footage: At Least 10 Die After Takeoff Fail

F-16 air base crash footage: at least 10 die after takeoff fail http://t.co/Lwe8cKMPJK pic.twitter.com/fdCyioG9Pk

— RT (@RT_com) January 26, 2015

The accident is believed that the plane crashed during take off as it was about to perform a NATO exercise. The plane burst into flames as it crashed into the parking lot of the airbase.

Health Alert: U.S. Obesity Rate Inches Up to 27.7% in 2014

U.S. #Obesity Rate Inches Up to 27.7% in 2014… http://t.co/fSDnAJOCbq #WellBeing pic.twitter.com/Phe0IlVObz

— GallupNews (@GallupNews) January 26, 2015

U.S. Obesity Rate Inches Up to 27.7% in 2014

WASHINGTON, D.C. — The percentage of U.S. adults who are obese continued to trend upward in 2014, reaching 27.7%. This is up more than two percentage points since 2008 and is the highest obesity rate Gallup and Healthways have measured in seven […]

King Dollar breaks this, Euro melt down picks up speed

from kimblechartingsolutions:

 

CLICK ON CHART TO ENLARGE

The sharp decline in the Euro and near vertical rally in the U.S. Dollar over the past year has been rare. This chart looks at the U.S. Dollar over the past 30-years.

From a Power of the Pattern perspective, two things stick out at this time. The rally over the past year has the 52-week rate or change (bottom of chart) hitting a […]

2015: The Year Global Warming Ended

French Court Convicts 3 People Over Homophobic Tweets

Should there be limits to free speech?

Only weeks after the demonstrations in support of freedom of expression for Charlie Hebdo, a French court has convicted three individuals for posting homophobic tweets.

The hashtag used in the tweets was “let’s burn the gays.” While there is no argument that the language is offensive and disgusting, should we begin placing limitations on free speech to exclude remarks of this type?

[…]

Breaking: FBI Arrests Alleged Russian Spies In NYC Avoided Using Phones Or Email; Only Communicated Face-to-face

FBI: Russian Spy Arrested in New York

The FBI in New York has arrested one Russian for spying  and indicted two others on Monday. The FBI alleges the three Russians—Evgeny Buryakov, Igor Sporyshev, and Victor Podobnyy—were working as “deep cover” agents of Russia’s SVR intelligence service with day jobs inside a Russian bank, the Russian trade mission, and the Russian diplomatic mission to the United Nations, respectively. The FBI said […]

I will gladly tax you tomorrow on savings you were taxed on today. – IRS Commissioner Wimpy

I will gladly tax you tomorrow on savings you were taxed on today. – IRS Commissioner Wimpy pic.twitter.com/ykH8x4BNxa

— Rudolf E. Havenstein (@RudyHavenstein) January 26, 2015

ALERT! Winter Storm Juno: Northeast Snowstorm Imminent And Blizzard Conditions Forecast

Millions of people in the Northeast are bracing for Winter Storm Juno, which threatens to become a major snowstorm today through Wednesday with the potential for blizzard conditions and more than 2 feet of snow.

Current Winter Weather Alerts

The high confidence in forecast wind and snowfall led the National Weather Service to issue blizzard warnings well in advance of the storm from the New Jersey shore all the way […]

The Coming War, Gold, Paper Assets and Your Part in the Ongoing Financial Collapse

Will we see a gold currency in 2015? Will gold double; what about silver? From where is the metal going to come? Will the United States be spared if there is in fact WWIII? Will China and Russia be partners in war the same as they are partners in business?

As you can see from the questions above we are covering some of the larger issues of the day. Join […]