BY JOHN WARD
Sources in Athens tonight concur in their belief that the Greek Prime Minister is at least 15 votes short of the majority he needs to name a President
Samaras….leaving the stage?
In theory, the Greek Government could fall tonight. But more likely is that two further rounds of voting on this crucial matter may well be necessary before, some time in mid January, the Samaras Coalition will either stand or […]
Wealth gap in America widens to record level…
The wealth gap between middle- and upper-income households has widened to the highest level on record, says a new report.
Using the latest Federal Reserve data, the Pew Research Center said Wednesday that the median wealth for high-income families was $639,400 last year — up 7% from three years earlier on an inflation-adjusted basis.
For middle-income families, the median wealth — that is, assets minus […]
Banks loosen lending standards to levels seen before financial crisis
The largest U.S. banks have lowered their standards for some of the riskiest lending in a sign that weak underwriting is returning to levels seen before the 2008 financial crisis, according to a regulator’s report.
The banks have continued to erode standards, especially in large corporate loans, consumer loans and in leveraged lending, according to an annual Office of the Comptroller of […]
Food prices surge in #Russia as crisis continues – live updates http://www.
Food prices surge in #Russia as crisis continues – live updates http://t.co/xDTplyHIcv pic.twitter.com/wGFgqV7aog
— The Telegraph (@Telegraph) December 17, 2014
Food prices surge in Russia as crisis continues
• Russian finance ministry selling forex reserves on market
• AEP: Russia risks Soviet-style collapse as rouble defence fails
• Allister Heath: Russia’s economic crisis could easily end in yet another sovereign default
16.18 The rest of […]
David talks with Marin Katusa, Chief Energy Investment Strategist Casey Research, about the energy situation and the emerging war with Russia.
Eurozone ends 2014 with weak growth. US manufacturing declines. Housing permits decline, signals an implosion in real estate.Baltic dry index declines again. China and Russia are dumping treasuries. Russian rouble collapsed, Putin has the next move. Blimp will be launched over DC to monitor drones. Missiles deployment on the east coast of the US. Libyan people trying to capture the oil ports to sell the oil not using the dollar. […]
Fukushima radiation risks in Japan are still alarmingly high almost four years after the disaster. In fact, the situation has only gotten worse as U.S. Environmental Protection Agency RadNet has detected heightened radiation levels at monitoring sites all across North America. It has now been announced that radioactive water that’s collected at the plant has to be decontaminated and dumped into the ocean. We take a look at the radioactive […]
On the teetering economy and possible economic collapse, former Assistant Treasury Secretary Dr. Paul Craig Roberts says, “We know something serious is wrong. The only provision of Dodd-Frank that has any teeth is the provision that says if the big banks are going to be casinos and gamble on derivatives, they cannot do that in the depository institution where depositors have their accounts. They have to farm it out into […]
Russia’s currency market witnessed further huge volatility again today. The finance ministry said it would start selling foreign exchange which are primarily in dollars. This appeared to reduce selling pressure on the battered rouble.
The fall of the rouble this year has been severe, with a 50 percent fall against the dollar and of course gold this year. The slide has been precipitous as in the past two days alone, […]
ROAD TO WW3: Western Sanctions & Fake Oil Prices Causing Russian Rouble Collapse
The pressure on Russia’s president intensifies as a huge interest rate increase fails to halt a plunge in the currency’s value.
What we must realise is that this is all being done by design. The western cabal are going full push to tip Russia over the edge and to make them look the agressor in the now almost inevitable […]
As we reported yesterday, some Washington Republicans opposed the huge omnibus federal spending bill because it does not curb President’s immigration policy.
That policy stems from Mr. Obama’s recent executive order to grant amnesty to some 5 million illegal immigrants living in the U.S. and give many of them work permits.
As we also noted, Senate Democrats, including Elizabeth Warren of Massachusetts, objected to omnibus-bill language that rolls back Wall Street reforms.
Russia central bank interest rate rouble currency collapse oil petrodollar
FX trading suspended
“UPDATE 1-FX platforms halt rouble trade as banks look to capital controls | Reuters”
“UPDATE 1-FX platforms halt rouble trade as banks look to capital controls | Reuters”
“Rouble collapse prompts Moscow shopping spree”
“S.2828 – 113th Congress (2013-2014): Ukraine Freedom Support Act of 2014 | Congress.gov | Library of Congress”
“Raiffeisen, SocGen Plummet as Ruble Slide Triggers Bank Worries – Bloomberg”
Diversification is supposed to cushion your portfolio during periods of volatility. If one or more assets decline in value, one or more others will rise — or so the reasoning goes. Learn why this can be a dangerous financial notion during the next economic trend.
By Michael Snyder
The next presidential election is still nearly two years away, and yet the mainstream media is already telling Americans who they are supposed to vote for. Now that Jeb Bush has all but officially declared that he is running for president, a “dream matchup” between Bush and Hillary Clinton is being touted as “inevitable”. But is this what the American people actually want? Most liberals seem to truly […]
By Michael Snyder
The 8th largest economy on the entire planet is in a state of turmoil right now. The shocking collapse of the price of oil has hit a lot of countries really hard, but very few nations are as dependent on energy production as Russia is. Sales of oil and natural gas account for approximately two-thirds of all Russian exports and approximately 50 percent of all government revenue. So […]
13,500,000 Millennials Live in Poverty…
(CNSNews.com) – One in five young adults – ages 18 to 34 years old – live in poverty, according to data from the U.S. Census Bureau.
“More millennials are living in poverty today, and they have lower rates of employment, compared with their counterparts in 1980,” the Census states. “One in five young adults lives in poverty (13.5 million people), up from one in seven (8.4 million people) […]
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When it comes to interest rate rallies, Russia tops this list this morning as they raised rates 70% in a day, attempting to stem the rapid decline in the Ruble.
Speaking of interest rate rallies….Did you know the yields on junk bonds are up roughly 70% in the past 6 months? The above chart reflects what has happened to the yields from the junk complex since this […]
Guess whose currency just lost 50% in 2 weeks.. Modern day cold war!!
Russia Defends Ruble With Biggest Rate Rise Since 1998
Russia took its biggest step yet to shore up the ruble and defuse the currency crisis threatening its stricken economy.
In a surprise announcement just before 1 a.m. in Moscow, the Russian central bank said it would raise its key interest rate to 17 percent from 10.5 percent, effective today. The […]
by Dave Hodges
America’s first 9/11 served to turn American into a police state under dictatorial control. In the name of protecting the people from experiencing a another 9/11, it became “necessary” to protect Americans from their Constitutional liberties in the name of fighting the “evil doers”. After 9/11 we saw the creation of the American Stasi and SS organizations in the name of the creation of the Fusion centers, the […]
Putin, who has a full plate combating U.S. financial and military aggression, has managed nonetheless to kick out some of these insider-backed oligarchs that swarmed down on Russia to take monetary advantage of the fall.
Unfortunately, the fall of Communism saw Russia’s most prized assets sold off to a small circle of vultures later known as oligarchs – for a smidgeon of their value. And now it appears the same has […]
Yesterday, the Supreme Court paved the way towards an even more controlling police state. The Court ruled almost unanimously (8-1) in favor of police legally voiding your 4th Amendment right of unreasonable search and seizure. Want to know more? You should as this is one of the many current events that is stripping you of the freedoms your forefathers fought for.
As evident in YouTube videos across the internet, you’ll find law […]
BY JOHN WARD
How devious geopolitics and dead-end globalism combined to eat the world economy
You have to hand it to the neoliberal fraternity – perhaps I should say patriarchy – there’s never been a belief system in history capable of breaking all its own rules one by one, and still trying to tell us it’s the best socio-economic development system on the planet.
The world’s Milt-milkers have variously demanded to be nationalised, […]
Congresswoman Michele Bachmann (R-MN) predicted that the president’s executive action on immigration would be the “insurance policy” “that Democrats, in the future, will, in all likelihood, win every presidential contest from here on out” on Monday’s “Laura Ingraham Show.”
“What the ruling class in Washington have just decided is that we will have open borders, we will not have any sovereignty over our borders, and it is, in effect, the president […]
#RubleWatching. Back to 72. pic.twitter.com/59uXGQwbPK
— Jonathan Ferro (@FerroTV) December 16, 2014
Is someone trying to "George Soros" the #RUB?
— Boris Schlossberg (@Fxflow) December 16, 2014
A Lesson For Today's Currency Crises: Black Wednesday 1992 – When Intervention Failed http://t.co/pU5NasmBX9 #bank-of-england #george-soros
— Pete & Susannah (@GMNnews) December 16, 2014
"The Trade of the Century: When George Soros Broke the British Pound"
— Timothy Connolly CFA (@SconsetCapital) December 16, 2014
@pipbandit I'm waiting for the George […]
India’s gold imports were over a staggering 150 tonnes in November and have seen a “phenomenal” rise in India according to India’s Trade Secretary, Rajeev Kher.
A few weeks ago we said that the death of the Indian gold market was greatly exaggerated. The latest gold import data out of India confirms this.
The import restrictions on gold that were imposed on Indians in August of 2013 were lifted at the […]
Is this the start of the next major financial crisis? The nightmarish collapse of the price of oil is creating panic in financial markets all over the world.
In this report I will show you how the plunging oil price is having a negative effect on the economy, how many countries around the world are already experiencing negative market effect from the falling oil prices and a few videos that share […]
Estimated 15,000 people join ‘pinstriped Nazis’ on march in Dresden
Far-right group Pegida holds ‘Islamisation’ protest, using slogan from 1989 campaign against East German government
‘Pinstripe Nazis’ show the temperature of the immigration debate needs to be reduced
German town tricks neo-Nazis into raising thousands of euros for anti-extremist charity
Its members have been dubbed the “pinstriped Nazis” and they refer to their demonstrations as “evening strolls” through German cities. But on […]
The Convention against Torture and Other Cruel, Inhuman or Degrading Treatment or Punishment (commonly known as the United Nations Convention against Torture) is an international human rights treaty, under the review of the United Nations, that aims to prevent torture and cruel, inhuman degrading treatment or punishment around the world.
The Convention requires states to take effective measures to prevent torture within their borders, and forbids states to transport people to […]
BY JOHN WARD
CRASH2: Reality intervenes, so time for a bigger dose of unreality
I’ve been blogging about the gold-dump syndrome for over six years, and the phenomenon rarely changes in either form or aperture.
Last week’s fears about falling oil prices saw a medium-strength rally in the gold-tracker sector alongside stock market jitters around the globe. Greece saw 20% wiped off its bourse value, and mid-eastern markets have been bloody. In short, […]
There Is A Clear Trend Of The Northern EU Countries Actively Working To Repatriate Foreign-Held Gold
In addition, at least one political party in France is raising this issue and the Swiss voted not to reptriate foreign-held gold based on a flawed initiative that was unlikely to pass based on its restrictive language. The Swiss are not precluded from voting on this issue again (and again) at […]
Jeh Johnson, the secretary of Homeland Security, came to this South Texas outpost on Monday to inaugurate a 50-acre detention center that will hold as many as 2,400 migrants caught crossing the Southwest border illegally, becoming the largest immigration detention facility in the country.
IN THIS INTERVIEW:
– Deliverable gold ETF ?1:52
– Why own gold? ?3:45
– The U.S. Dollar is not a safe haven ?6:27
– U.S. Dollar’s risk and investing ?8:49
– Stock market crash ahead? ?11:34
– There is no safe haven asset ?14:20
– Investing in emerging market currency ?16:28
(Please note that this interview was originally posted on Aug 25, 2014)
SUBSCRIBE (It’s FREE!) to Reluctant Preppers, “Helping You Be Aware and Prepared” ?http://bit.ly/ReluctantPreppers
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Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter
The plunge in the price of oil that began in July acts like a tax cut, it is said, and will boost spending by consumers and businesses, and thus goose the US economy. Among the voices propagating this view is the UBS macro strategy team. It found that each $10-per-barrel drop in the price of oil would goose US GDP by 0.1%. If the average price in 2015 […]
Alright, so we’re not all that interested in celebrity gossip. And while everyone else is talking about things that don’t matter, here’s something that could actually make your life spicier, healthier and more self-sustaining.
In our ongoing gardening and homesteading project, we found that our cover crop, daikon radishes, grew in abundance and we didn’t know what to do with them all. Some of our friends suggested we try making Kimchi […]
Article at TSM: http://truthstreammedia.com/question-…
No, seriously. Or maybe alternately, “Who in their right mind would eat a McDonalds ever again after visiting the company’s website?!?!”
They don’t say, “Hi, how are you?” or give you the requisite “Here are the glorious food products we all know and love!” slideshows or anything. You don’t even get the flat, emotionless “Hey” you might expect to get from some of the teenagers working the cash […]
Direct from FreedomFest 2014, Kyle Platt speaks with recent Burning Man attendee Grover Norquist of Americans for Tax Reform. They discuss why Republicans are the only party willing to lower taxes, how liberals use wars as an excuse to raise taxes, and what happened to the positive perception of anti-tax activists like Henry David Thoreau.
FOUR HORSEMEN is an award winning independent feature documentary which lifts the lid on how the world really works.
As we will never return to ‘business as usual’ 23 international thinkers, government advisors and Wall Street money-men break their silence and explain how to establish a moral and just society.
FOUR HORSEMEN is free from mainstream media propaganda — the film doesn’t bash bankers, criticise politicians or get involved in conspiracy theories. […]
Watch the sequel: https://www.youtube.com/watch?v=p5Ac7…
97% owned present serious research and verifiable evidence on our economic and financial system. This is the first documentary to tackle this issue from a UK-perspective and explains the inner workings of Central Banks and the Money creation process.
When money drives almost all activity on the planet, it’s essential that we understand it. Yet simple questions often get overlooked, questions like; where does money come from? Who […]
Only two entities exist in the world currently that are capable of knocking down the value of the ruble so dramatically and spectacularly:
1. The City of London banking cartel
2. The Russian Central Bank itself
“Putin has just thrown a monkey wrench into the very delicate FX system that is now crashing the Global Monetary System. All the derivatives based off the Russian Ruble are in chaos and reeling from the […]
Well, we’re all about to receive our social security early… pray tell me please, how the hell are they going to accomplish this?
This was published on December 14th, 2014.
A simple cash subsidy—$15,000 per year (which is about what the average retiree gets annually from Social Security) for every household, say—would give the poor and middle class a financial floor on which they could live, take care of their loved ones […]
Two strains of avian influenza have been confirmed in wild birds in Washington state, near the U.S. border with Canada, but there is no immediate cause for public health concerns, U.S. agriculture officials said on Wednesday.
Two separate virus strains were identified in Whatcom County, Washington, including H5N2 in northern pintail ducks, the U.S. Department of Agriculture (USDA) said in a statement.
Inside Secret Government Warehouses (Full Alien UFO Conspiracy Documentary)
The world is more nervous about the drift toward nuclear war between the U.S. and Russia than at any time since 1962’s Cuban Missile Crisis. When French President Francois Hollande urgently side-tracked his return-flight from a diplomatic mission recently, in order to meet with Russian President Vladimir Putin at Moscow’s Vnukovo Airport, at a private room that had been scoured ahead of time to eliminate any possible bugging devices, there was […]