- From “Spocking” in Canada to overtly political imagery in Greece, paper currency is growing in popularity – Outpouring of affection for Leonard Nimoy has inspired the phenomenon of “Spocking” in Canada – Greek artist Stefanos alters euro notes to make deliver political message – Defacing notes is illegal and a criminal offence in Canada, the EU, U.S. and most countries – Disgruntled citizens defaming already debasing currencies […]
#India just cut interest rates. In #CurrencyWars, not a day goes by without a shot being fired. Here’s your resource: http://t.co/cbfyPJzpW9
— Jim Rickards (@JamesGRickards) March 4, 2015
India Central Bank Cuts Interest Rate “Pre-Emptively” For Second Time In 2 Months
In a surprise move, the RBI just cut its main interest rates for the second time in two months, taking it from 6.75% to 6.50%, in what the […]
Rob Kirby of KirbyAnalytics.com thinks all the current world problems come down to just one thing. Kirby says, “It all boils back to the money. And it all boils back to the notion we don’t have honest money because when you have honest money, these excesses don’t occur. Things cleanse themselves, and that is the virtue and the merit of the old relic, the gold standard, because it is […]
by Sword At-The-Ready
White House confirms that Obama is investigating using ‘Executive actions’ to raise hundreds of billions in new taxes, bypassing Congress. At the same time the IRS defends Obama’s decree to give illegals immediate tax refunds when they file for a Social Security number.
Obama has asserted he is king, Arbiter of what is law and Maker of Law, by decree (Executive Actions/Memoranda). We are being ruled by a Dictator […]
Mac Slavo March 3rd, 2015 SHTFplan.com
When it comes to an EMP attack, the question remains “when” not “if” the SHTF. Few other scenarios hold as much potential for disaster and disruption to the lives of everyone in society. At a moment’s notice, 300 million Americans could be made instantly desperate – and even likely to die in the aftermath. A single event could easily be enough to take […]
by WashingtonsBlog Global Debt Is Almost 3 Times As Big As the World Economy
The Guardian reports that global debt has grown by $57 trillion dollars – to $199 trillion dollars – since the 2008 financial crisis.
How much is that? It’s a big number … but what does it actually mean?
The Guardian notes that global debt is now more than twice the size of the entire global economy:
Obama vetoes Keystone XL bill | TheHill
President Obama on Tuesday vetoed legislation authorizing construction of the Keystone XL oil pipeline, rebuffing the new Republican-led Congress amid a furious battle over Homeland Security funding.
The veto — just the third of Obama’s presidency and his first of major legislation — was made in private and without fanfare, reflecting tensions in the Democratic Party over whether the controversial pipeline should […]
Speaking at a government meeting in Moscow on Wednesday Russian President Vladimir Putin said that the remaining volume of gas prepaid by Ukraine is only enough for two days of use.
This is part 2, here’s part 1 ?http://bit.ly/JimWillie-1
Russia’s President condemns the murder of Boris Nemtsov as an act of impudence – and says it’s a shameful act that should never be allowed to happen again.
Published on Mar 3, 2015
It’s been a while since we last connected with our good friend and colleague Jay Taylor. We’ve learned much from him over the years. One thing is that governments never learn and that they’d rather keep giving out goodies and feeding their socialist programs, the truth be damned. That’s one of the reasons the world finds itself in the current crisis, failure to […]
What do former Massachusetts Gov. Deval Patrick, an appeals court justice, several potential members of the Boston Marathon bombing jury and thousands of regular Americans have in common?
They all believe that they’ve seen a video of accused bombing suspect Dzhokhar Tsarnaev dropping a deadly backpack behind victims at the marathon on April 15, 2013—a video his defense said “does NOT actually exist.”
In a pre-trial hearing yesterday, Tsarnaev […]
by James Quinn
Who could have seen this coming? Oh yeah. Me.
Submitted by Tyler Durden on 03/03/2015 15:31 -0500
A running theme here has been the great rotation of bubble-blowing credit from subprime housing to subprime auto-loans. Amid government probes of underwriting standards and soaring delinquencies, it appears when the least-creditworthy Americans are cut off from debt servitude, bad things happen in car sales…
*FORD FEB. U.S. LIGHT-VEHICLE SALES […]
Afshin Rattansi goes underground on the scandals surrounding HSBC. Paul Moore, former head of Group Regulatory Risk at HBOS, warns that ‘ultimately it will lead to social unrest when ordinary people don’t see senior people being held to account’ for money laundering, mis-selling, and tax evasion, and calls for Lord Green and other senior execs to ‘take some accountability’ for the failures under their watch. Tim Jordan, author and […]
by James Quinn
These two charts tell you all you need to know about how disconnected Wall Street is from reality. Corporate profits are tanking. Consumer spending is tanking. Inflation in the things you need to live your everyday life is rising. Real median household income lingers at levels from 25 years ago. Greece, Portugal, Italy, Spain and Ireland are more insolvent than they were three years ago. The EU […]
Even with a sustainable ceasefire active in Ukraine, the US top brass is nursing schemes of arming Kiev troops with lethal aid, while the US president has prolonged anti-Russian sanctions introduced a year ago in connection with the Ukraine crisis.
It’s the first time that the chairman of the Joint Chiefs of Staff, Gen. Martin E. Dempsey, has spoken out in favor of supplying Kiev troops with American weapons.
Major news out of Libya as Abdelhakim Belhadj, the former head of the al Qaeda-linked Libyan Islamic Fighting Group, and a major player in the U.S.-backed overthrow of Moammar Gadhafi, has reportedly joined the Islamic State and is leading its forces there. This according to The Blaze National Security journalist Sara Carter on Twitter, and Fox News’ Catherine Herridge in a Fox News report.
Belhadj’s ties to al Qaeda were […]
US General Calls for more guidance from Germany
The US commander in Europe demanding an end to military restraint Germany. Given the situation in Ukraine, it was time to let the “historical baggage” behind.
The commander of US Army troops in Europe has called on Germany to show more leadership militarily. “Germany has a capable army”, the US General Ben Hodges said.
“It is time to let the (historical) ballast […]
BY JOHN WARD
Sajid David…personally chose Rona Fairhead
THE CONTINUING STORY OF UK MEDIA BANKERISATION
Evidence of unhealthy links between Tory papers, HSBC, the culture media & sport Minister, and the BBC continues to build. Now controversial BBC Trust Chair Rona Fairhead is to face a Public Accounts Committee interrogation. The Slog looks into her past, how she got the job, and why a banker is in the CM&S hotseat.