Big U.S. Banks: “Something is Very Wrong”… When Banks Lend Money, It Gets Deposited In Other Banks, Which Can Lend It Out Again… A Deposit Becomes A Loan Becomes A Deposit Becomes A Loan… It Is Virtually Unlimited….

Overleveraged banks could send the economy into another financial crisis. That’s the message of a Stanford finance professor who’s been on a mission to get banks to raise their reserve levels. She says “something is very wrong” with the banking industry.

ALERT! California Bill Requiring Kill Switch On Smartphones Becomes Law!

Existing law regulates various business activities and practices, including the sale of telephones.

This bill would require that any smartphone, as defined, that is manufactured on or after July 1, 2015, and sold in California after that date, include a technological solution at the time of sale, which may consist of software, hardware, or both software and hardware, that, once initiated and successfully communicated to the smartphone, can render inoperable the [...]

By Most Metrics This Is The Most Sub Bar Recovery We Have Ever Had… ‘I Believe We Are Generating A Crisis’…

Aug. 27 (Bloomberg) — Canaccord Genuity’s Tony Dwyer and Bianco Research’s Jim Bianco discuss the 30-year bond yield and the state of the U.S. economy with Trish Regan on “Street Smart.” (Source: Bloomberg)

WHO Calls ‘Emergency Meeting’, Setting the Stage to Ok ‘Experimental’ Ebola Drugs!

NEW YORK – The World Health Organization will host a closed-door conference in Geneva with some 100 health-care experts from around the world to explore the alternative medical treatments and experimental drugs available to combat Ebola.

The WHO hopes the conference, Sept. 4-5, will lead to the approval of one or more treatments to combat the current Ebola outbreak in Africa.

WHO spokeswoman Fadela Chaib in Geneva explained to WND in an [...]

Tropical Wave Boosts Orange Future Prices

Aug. 27 (Bloomberg) — Bloomberg’s Su Keenan recaps today’s top commodity stories. She speaks on “Bottom Line.” (Source: Bloomberg)

Europe’s Greater Depression is worse than the 1930s…. Europe is turning Japanese….. Zombie banks… French Jobseekers Surge To Record High… Greek prostitution up 1,500 percent


Europe hasn’t recovered, because it hasn’t let itself. Too much fiscal austerity and too little monetary stimulus have, instead, put it more than halfway to a lost decade that’s already worse than the 1930s.

It’s a greater depression.


But it’s a little misleading to just call this a depression. It’s worse than that. Europe is turning Japanese. The combination of zombie banks, a rapidly aging population and, most importantly, too-tight money have pushed it [...]

The Nightmarish Megacities of the Near Future

by Dave Hodges

Six years ago, during the 2008 presidential campaign, I attended a Town Hall meeting sponsored by Republican and Presidential hopeful, Senator John McCain, where he was asked if he was opposed to the spread of the United Nations Agenda 21 policies throughout the United States. McCain proudly proclaimed that he had never heard of Agenda 21. That was an interesting comment coming from a senator who [...]

CDC Employee Possibly Exposed to Ebola – CNN

JUST IN: CDC Employee Possibly Exposed to Ebola

— Vaughn Sterling (@vplus) August 27, 2014

JUST IN: #Ebola outbreak “even worse then I'd feared” CDC Director Frieden tells @CNN; "explosive spread in urban areas" in Liberia

— Vaughn Sterling (@vplus) August 27, 2014

GREEK RADIO & AN AMERICAN REPEAL: Corporacratic State censorship powers forward… We inhabit a planet where believers have produced a situation in which nobody knows what to believe any more


We inhabit a planet where believers have produced a situation in which nobody knows what to believe any more

The European Broadcasting Union or EBU (a body supporting democratic, objective radio and not to be confused with the European Union or EUSSR, an undead corpse encouraging State party line fascism) is beginning to regret its decision to accept the Samaras Governmen tof Greece’s decision to shut up [...]

Lagarde Under Investigation for Tapie Case Role



Paris (AFP) – IMF chief Christine Lagarde, one of the world’s most powerful women, announced Wednesday she had been charged with “negligence” over a multi-million-euro graft case relating to her time as French finance minister.

The shock announcement came a day after she was grilled for more than 15 hours by a special court in Paris that probes ministerial misconduct, the [...]

House Poor: Proof of Shrinking Wealth in America

Aug. 27 (Bloomberg) — On “Single Best Chart,” Scarlet Fu examines the median value of assets owned by American households. She speaks on “Bloomberg Surveillance.” (Source: Bloomberg)

Economist: Stocks No Longer Risky, Will Go Up ‘Steadily’

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

With fundamentals and economic realities having become totally irrelevant these days, economists are reassigned to tout stocks.

The S&P 500 hit the milestone of 2,000 yesterday before backing off. Today, it closed at 2,000 sharp, as if by coincidence. It’s up nearly 200% since March 2009. It hasn’t seen even a run-of-the-mill nothing-to-worry-about correction of 10% in almost three years, though these corrections occur about every [...]

Gold Shines Most in September on Seasonal Buys: Bloomberg Chart of Day

by GoldCore

Gold Shines Most in September on Seasonal Buys: Bloomberg Chart of Day

BLOOMBERG CHART OF THE DAY – September Sees 3% Gains Over 20 Years

Gold investors hurting from prices within 1% of a two-month low can find solace from the historical record and research and showing gold performs best in September.

The BLOOMBERG CHART OF THE DAY shows bullion averaged gains of 3% each September over the past 20 years, beating next best [...]

James Corbett: Federal Reserve-A Stunning Failure, We Are Headed for Global War, Fukushima Update and More!

James Corbett of The CorbettReport.com says it looks like we are headed towards global war. Corbett says, “It is only a matter of what shape and what form that war will take place. We are seeing the battle lines being drawn. . . . I think this is very much going to be an economic conflict, or at least one that is fundamentally centered on economics. . . . They [...]


NYT Wednesday: Obama working to forge sweeping international ‘climate change’ agreement – but without Constitutional requirement for Senate ratification of traditional treaty… 


Obama about to Carbon Tax your asses…$5 per gallon gas coming.

Obama Pursuing Climate Accord in Lieu of Treaty

WASHINGTON — The Obama administration is working to forge a sweeping international climate change agreement to compel nations to cut their planet-warming fossil [...]

6 Charts Prove the Economy is in CRISIS MODE!

Four in 10 U.S. households are straining financially five years after the Great Recession — many struggling with tight credit, soaring education debt and profound issues related to savings and retirement, according to a new Federal Reserve surve
New Home Sales Drop To Lowest Since March As Northeast Craters; Biggest Supply Since October 2011
The foundation of Misery Index 2.0 is jobs, earned income and the purchasing power of earnings
The Japanification Of [...]

Bloomberg WORLD INDEX on mthly showing 2 ongoing counter-trend sells with another likely by next week- Sept- See 07

Bloomberg WORLD INDEX on mthly showing 2 ongoing counter-trend sells with another likely by next week- Sept- See 07 pic.twitter.com/YC6l23y4IZ — Mark Newton (@MarkNewtonCMT) August 26, 2014

There has never been [a particular Elliott wave] pattern of [this] large a [degree] in recorded stock market history, going back 300 years. It’s a first.

Market sentiment can be a powerful trend gauge. Some sentiment indicators are anecdotal; others you can track and measure. The good thing about the measurable indicators is that you can compare their current readings with readings at previous market tops and bottoms. Here’s one of them.

CREDIBLE PROPAGANDA: What do James Foley, Rolf Harris, Greek Radio and Argentina all represent?



To the four subjects headlined above, one could also justifiably add the western media line on Syria’s Bashar Assad, the Ukraine, Hungary’s Viktor Orban, Italian economic statistics, QE aims, Libor rates, gold prices, Hackgate Court verdicts, the Mayor of London’s business arrangements, the ‘saving’ of the Coop, RBS techno-glitches, Non-farm US payroll assumptions, and the application of the [...]

This house market is falling apart… Housing recovery is an illusion, real estate expert says… “for the first time since February 2008, all cities showed lower annual rates than the previous month.”

“Widespread Slowdown In Home Price Gains”: Case-Shiller Misses, Rises By Slowest Since 2012

The fourth (or is it fifth?) dead cat bounce in the US housing market is rapidly fading, as we just confirmed by the latest Case-Shiller Home Price Index data for the month of June, which saw a Y/Y increase in home prices of just 8.07%, below the 8.3% expected, and the slowest increase [...]

The Agenda 21 Depopulation of Rural Areas Will Give Obama Stalin-Like Control Over Food

by Dave Hodges

The plan is called America 2050 and the concept is based upon the creation of megacities. In order for the megacities concept, which is well underway, to come to fruition, American suburbs and rural areas must be completely depopulated. This process is underway and the Obama administration is accelerating the process.

This will come as a shock to many reading this article because they did not learn of [...]

James Grant: Gold is a universal currency that people recognize at sight

They’re not going to lose your Krugerrands in the hard drive. Gold is a universal currency that people recognize at sight.

Russia Coordinating Gold Reserve Accumulation With Ex Soviet States?

by GoldCore

Gold bars in a vault in West Point, N.Y. (Associated Press)
Or are they?

The IMF’s latest international gold reserves data, updated yesterday, shows that in July, Russia raised its official gold reserves to 5.5 million ounces (1,104 tonnes).

This confirms data released last week by the Central bank of the Russian Federation, which reported an increase of over 300,000 ounces from June’s 5.197 million ounces figure. IMF data is reported with [...]

Austerity Revolt Stirs Across Europe

Aug. 26 (Bloomberg) — Teneo Intelligence Senior Vice President Antonio Barroso weighs in on the austerity debate on “The Pulse.” (Source: Bloomberg)

Last Week Tonight with John Oliver: Wage Gap

John Oliver explores America’s wage gap between men and women and proposes a possible solution.
Note: Solution proposed is 100% sarcastic.

Why Does The Stock Market Continue To Rally As Wages Shrink?

Judicial Watch: Missing IRS Emails are Backed Up


In a stunning turn of events, Department of Justice attorneys for the IRS admitted that Lois Lerner’s emails DO exist on a backup server, but said they would be hard to find.

Judicial Watch President Tom Fitton broke the news today:

Department of Justice attorneys for the Internal Revenue Service told Judicial Watch on Friday that Lois Lerner’s emails, indeed all government computer records, are backed up by the [...]

5 Reasons Why the U.K. Economy Will Collapse!

UK law: What proportion is influenced by the EU?
The Bank of England is also happy to stick to plans for a total injection of no more than £375 billion of quantitative easing
BOE Hasn’t Cracked the Mystery of U.K. Productivity Collapse
UK student loans system near collapse
UK avoids triple-dip recession with better-than-expected 0.3% GDP growth
Bank of England confirms interest rates and quantitative easing to remain unchanged in show of confidence in economy


What Monetary Mayhem Looks Like Up Close: Argentines Dump Peso And Dodge State Controls

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

Adeptly managed by the central bank and the government, the Argentine peso has been plunging in perfect form, an activity it is very, very good at.

Adeptly managed by the central bank and the government, the Argentine peso has been plunging in perfect form, an activity it is very, very good at. And so on Thursday, it plunged 4.1% on the black market, hitting [...]

WHO Worker contracts Ebola. Doctor who received ZMAPP Dies. Fatality Rate Increases to 70%.

For first time, a World Health Organization worker has fallen ill with Ebolahttp://www.cnn.com/2014/08/24/world/africa/ebola-outbreak/index.htmlAn African doctor who received the experimental anti-Ebola drug ZMapp has diedhttp://www.theverge.com/2014/8/25/6065417/african-doctor-who-was-treated-experimental-anti-ebola-drug-dead

Doctor: Ebola Fatality Rate Running At 70 Percent — Seven out of 10 patients admitted for Ebola die



Exposed: Ebola Outbreak In Africa And The ‘Illuminati’ Connection


New hotbed of Ebola found in Congo as serum-treated doctor dies: 





What Does It Mean When a Wall Street Bear Suddenly Turns Bullish?

Even after a 5½-year stock market rally, some professional investors expect the upward trend to continue. One previously staunch bear has just turned bullish and another professional investor sees a bull market lasting for years. Have we reached the final peak in financial optimism?

Ebola Among Health Workers: More Than 240 Sick, More Than 120 Dead…. If Hundreds Of Doctors And Nurses Are Becoming Infected With Ebola, What Chance Is The General Public Going To Have?

By Michael Snyder

If hundreds of doctors and nurses are becoming infected with Ebola, what chance is the general public going to have?  This is not just a question that many of us are asking.  As you will see below, this is a question that the World Health Organization is asking.  When dozens of health workers started getting Ebola, nobody could explain how it was happening.  More precautions were taken [...]

BREAKING: NATO Considers Missile Shield Directed Against Russia!

With fears of Moscow growing after its intervention in Ukraine, NATO member states in Eastern Europe would like NATO to direct a planned missile-defense system against Russia as well. The calls have divided the military alliance.

NATO officials are considering deploying a long-planned missile defense system — aimed at protecting Europe from attacks from the Middle East — against Russia as well, SPIEGEL has learned.

Read more:


ZMAP FAILURE! Liberia: Doctor given experimental Ebola drug dies


MONROVIA, Liberia (AP) — A Liberian doctor who was among three Africans to receive an experimental Ebola drug has died, the country’s information minister said Monday.Dr. Abraham Borbor, the deputy chief medical doctor at the country’s largest hospital, had been among three Liberians, and the first Africans, who received the drug, ZMapp. Two Americans received the untested drug and survived. A Spaniard infected with Ebola received the treatment but died. [...]

ANALYSIS: 4000 holes in the global economic outlook


I read the news today, oh boy – 4000 holes in Blackburn Lancashire

The Beatles, Sergeant Pepper’s Lonely Hearts Club Band

While David Cameron does a bit of overweight body-surfing in Cornwall, I’d like to point out that his Twitter mantra – ‘This shows that the Government’s long-term economic policy is working’- needs some refinement. The most succinct improvement would involve the addition of [...]


Drudge, UK MSM: Beheading May Have Been Staged!

THE beheading of American journalist, James Foley, at the hands of ISIS militants shocked the world but forensic experts have revealed the video was probably staged, with the murder happening off camera.

The UK Times reported that an international forensic science company, which has worked for police forces across Britain, said there is no question Foley was beheaded but that camera trickery and post-production techniques look to have [...]

MM49 – Argentina A Model for National Bankruptcy?

Argentina’s bankruptcy is not as bad as the bond dealers in New York are making out. In fact, Argentina may be a good model for debt-stressed nations going forward.

Congo Appears To Include A New Hybrid Strain

This may not be  spread from West Africa but may include a new hybrid strain….

-” one of the two cases that tested positive was for the Sudanese strain of the disease, while the other was a mixture between the Sudanese and the Zaire strain — the most lethal variety. The outbreak in West Africa that has killed at least 1,427 people in West Africa since March is [...]

Paris Government Split, Italian Government Broke: Eurozone’s Crisis Now Deeper Than Ever.



Manuel Valls…dans le merde

Paris government split, Italian government broke: eurozone’s crisis now deeper than ever.

Just five months after the last government resigned and he took office as Prime Minister, France’s Manuel Valls must now form a new government after two leftist Cabinet rebels, Montebourg and Hamon, flayed the country’s economic policy in general and [...]

We Now Have Scientific Proof That People Are Getting Stupider

By Michael Snyder

Are people dumber than they used to be?  Were previous generations mentally sharper than us?  You may have suspected that people are getting stupider for quite some time, but now we actually have scientific evidence that this is the case.  As you will read about below, average IQs are dropping all over the globe, SAT scores in the U.S. have been declining for decades, and scientists [...]

In 10 days, the current Ebola outbreak is poised to claim more lives than the previous entire history of the virus… WHO: Ebola outbreak unprecedented

The number of people dying in West Africa from the ongoing Ebola outbreak is poised to surpass the total number of people to ever have died from the virus in just 10 days, according to World Health Organization figures. Up until sometime in early 2014, the Ebola virus had killed 1,548 people since being discovered in 1976. As of Monday, Ebola had killed more than 1,350 people across West Africa [...]

No refusal DUI checkpoints all over COLUMBUS OHIO.

They just had it on the news. There are 4 checkpoints circling Columbus complete with dirty judges signing roadside warrants and retarded brownshirts carrying out their orders. Look, I’m of the opinion that anyone caught drinking and driving should be shot posthaste, but this is not the way to catch them. God damn it. This was fine when it was some f*cked up state like Oregon or Georgia – but OHIO!? God [...]

Feds limit availability of painkiller hydrocodone. New law takes effect in 45 days

Feds limit availability of painkiller hydrocodone. New law takes effect in 45 days


Analyst: Fed’s low interest rates could bring ‘scary’ 60% market crash

Markets could soon face a fall of up to 60 percent, two experts told CNBC on Wednesday.

A jolt to international confidence in central banks will lead to a 30 to 60 percent market decline, David Tice, president of Tice Capital and founder of the Prudent Bear Fund, told CNBC’s “Power Lunch.” When this happens, he said, markets will face a “period of extreme turmoil.”

This [...]

The Road To World War 3: Russia And Ukraine Are Now Engaged In A Shooting War

By Michael Snyder

Russian soldiers and Ukrainian soldiers are now shooting at each other in eastern Ukraine.  Could this conflict ultimately lead us down the road to World War 3?  This week, a very robust force of “tanks, artillery and infantry” has opened up a “third front” in the Ukrainian civil war in a part of southeastern Ukraine that had not seen much fighting yet.  Exhausted Ukrainian forces are [...]

Why no Ebola figure updates since Aug 22?

Getting to really wonder why there’s no update from WHO or the CDC on numbers for five days now. Admittedly the numbers were taking big jumps in the few releases to the 22nd; something must be disconcerting about it.


Ebola outbreak ‘worse than we’d feared,’ CDC chief says on visit to West Africa

Aug. 26, 2014

CDC Director Thomas Frieden, who is in Liberia to assess the Ebola outbreak, said today [...]

First Russia and China, then UAE, Egypt, and Turkey… and now it appears Germany is pulling the rug out from under US hegemony

First Russia and China, then UAE, Egypt, and Turkey… and now it appears Germany (following a phone call with Putin) is pulling the rug out from under US hegemony – just as Obama’s warmongery ramps up…


Which is odd because just yesterday, President Obama (who never lies) stated “The United States is and will remain the one indispensable nation [...]

Magnus Tumi Gudmundsson, professor of geophysics at the University of Iceland :

“This is a very interesting sequence of events; big news really in a geological context, even though an eruption has´nt happened yet, and hopefully will not happen. We are looking at the active rift between the plate boundaries in the middle of the country, where much of the volcanic activity has taken place. This particular area has been relatively quiet in recent decades; an intense episode like this has probably not [...]