In a word association game, If I said Switzerland, you might say cheese or chocolate or maybe the alps. But another common item everyone associates with the Swiss is their money. Their banks. Their currency.
Soon, that currency could change in a big way. This November, a Swiss Gold Referendum is going to a vote, and the repercussions, one way or the other, could cast a shadow of uncertainty on the [...]
First Ebola patient diagnosed in US won’t be treated with ZMapp
Stocks of experimental drug used to treat several international health workers – at least two of them Americans – have run out
The Ebola patient in Dallas will not be given ZMapp, the experimental drug used to treat several international aid workers and medical staff, including at least two Americans, because stocks have run out.
ZMapp is one of the drugs that [...]
BY JOHN WARD
POL GETTING MONEY UPFRONT+ POL WITH MONEY BEHIND HIM
For the nth time, let’s ban Party donations…and wake up to what UKip really is
Because the Australian mining companies are awash with money, and bankroll any politician they think can win, Australian politics is infected with private money. The same goes for Murdoch in the media there. Thus the miners and Murdoch are above the law, and own nearly [...]
Is the economy getting ready to crash or take off to new highs? Karl Denninger of Market-ticker.org says, “How do you take off? Where is the consumption base that forms 60% of our economic output? We have a small percentage of the population that has done extremely well with this so called reflation. However, we have everybody else who has done very poorly.” One of the biggest drags on the [...]
The number of Volcanoes that are erupting continues to rise, and scientists cannot seem to explain why this is happening. It is highly unusual for so many Volcanoes to all be erupting at the same time. This is sending a massive amount of dust and ash into the upper atmosphere, and it may explain why many parts of the planet are experiencing strangely cold weather at the moment. If this [...]
Former Goldman Sachs analyst Charles Nenner warns a major financial collapse is coming in 201… http://t.co/E42vZVHL5M pic.twitter.com/ibSwIuTFHg
— TRUNEWS™ (@TrunewsRadio) October 1, 2014
Nenner explains Investors not Ready for Deflation & Now is Out of the Stock Market, Moving Cash into Gold for New All Time Highs until 2020.
“I think the big problem is in deflation, which I’m saying every year,” Nenner said.
“Europe is close to deflation, Japan is still in deflation, China [...]
The U.S. Government has been preparing for months for a deadly outbreak, even warning funeral homes this week how to deal with the corpses of Ebola victims.
CDC Confirms Patient In Dallas Has The Ebola Virus
Funeral homes prepare for Ebola victims
Will CDC activate emergency measures
The U.S. Army is sending the 101st Airborne Division, along with combat engineers from other units, to Africa in support of the international community’s attempt to halt the spread of the Ebola virus.
The World Health Organization believes that 2,900 people have been killed in West Africa as a result of the virus, and the Centers for Disease Control has said that 1.4 million people could be infected with the virus [...]
Record global debt risks new crisis – Geneva report http://t.co/QWkSBh0HGz pic.twitter.com/QnrZ2Bzkqm
— RT (@RT_com) October 1, 2014
A record level of $158.8 trillion in global debt, together with low economic growth is creating a serious threat of a new financial crisis, says the sixteenth annual Geneva Report.
Total world debt, excluding the financial sector, has risen from 180 percent of global output in 2008 to 212 percent last year, according to the report [...]
Europe’s youth unemployment hits 23.3%. UK consumer confidence falls. Eurostat fabricates inflation numbers. Housing prices are falling and it is accelerating across the U.S. according to Case-Shiller. Obama is trying to convince everyone that they are better off even though they don’t feel it. Singapore is becoming a global gold hub. Government will forgive student loans if you work for the government. Illegals will now be receiving student loans. The [...]
By Michael Snyder
The day that many of us hoped would never arrive is here. Ebola has come to America. Air travel between the United States and the countries of Liberia, Guinea and Sierra Leone should have been totally shut down except for absolutely essential personnel but it wasn’t. And now our nation may end up paying a great price as a result. On Tuesday, the CDC announced that there is [...]
Published on Sep 27, 2014
Carmen Segarra, a former NY Fed regulator, went public on “This American Life” radio with secret recordings. The recordings raise questions over whether the Federal Reserve has gotten any tougher on the big banks it is supposed to regulate. With Matt Taibbi and Alexis Goldstein.
From ALL IN, MSNBC, Ari Melber in for Chris Hayes.
To hear the Tapes: http://www.thisamericanlife.org/radio…
China will start direct trading between the yuan and the euro tomorrow as the world’s second-largest economy seeks to spur global use of its currency.
Dethrone ‘King Dollar’
United States dollar as the world’s reserve currency.
The World Bank’s former chief economist wants to replace the US dollar with a single global super-currency, saying it will create a more stable global financial system.
The World Bank’s former chief economist wants to replace the US [...]
September 30th, 2014
Despite continued assurances about America’s economic strength and global influence, scores of nations around the world are rapidly divesting themselves from their dependency on the world’s reserve currency as a mechanism of exchange. The key players, Russia and China, are actively developing entirely new systems of trade with numerous partners that include countries from the middle east, Asia and South America.
These major strategic moves, trade agreements and [...]
CDC confirms first Ebola case in the U.S.A.!!
News conference will be held at 4:30 PM CT
A news conference is expected to be held at 4:30 p.m. CT. Video from that news conference will appear in the player above.
Presbyterian Hospital in Dallas confirms it has a patient in strict isolation to be evaluated for potential Ebola virus!
#BREAKING: Presbyterian Hospital Dallas confirms it has a patient in “strict isolation” to be evaluated [...]
Home Prices Unexpectedly Fall
The July S&P/Case-Shiller home price index showed prices fell 0.5% over last month against expectations for no growth.
On a year-over-year basis, home prices rose 6.75%, also less than expected.
Expectations were for prices to be flat month-over-month and rise 7.4% on a year-over-year basis.
Last month, the June report showed home prices unexpectedly fell 0.2% month-over-month, while home prices rose 8.1% year-over-year, a 17-month low.
Read more: http://www.businessinsider.com/sp-case-shiller-home-price-index-sept-30-2014-9#ixzz3EoJu8YyV
City-by-city look at home [...]
by James Quinn
The MSM keeps telling me that auto sales are skyrocketing. They tout this as proof the consumer is back. Then why is Ford slashing their profit forecast by $1.5 billion? Why are their North American profit margins crashing? Why hasn’t their stock price moved at all in the last year? Why is their stock price 25% lower than it was in 2011? Why is GM’s stock price down [...]
National Grid is warning customers that they will see a significant increase in their electricity bills beginning in November.
The company recently filed with the state to adjust rates for the winter and says bills could rise by 37 percent because of higher power supply prices — which the company describes as “the cost of the electricity National Grid buys for customers and passes on without a mark up.”
“Because that commodity [...]
BY JOHN WARD
“I say, er gosh, um, that is…are you sure?”
LET THEM EAT DERIVATIVES
Staring everyone in the face this morning is yet more glaring evidence that Our Long Term Economic Plan is Not Working. Always assuming, of course, that evidence can glare in your face while staring at you. That’s the thing with bollocks: these days, it is totally in yer face.
To have a manufacturing sector which stands at 10.4% [...]
Mass default looms as world sinks beneath a sea of debt http://t.co/liGLFLF9KJ pic.twitter.com/SPXKdsHS68
— TRUNEWS™ (@TrunewsRadio) September 30, 2014
As if the fast degenerating geo-political situation isn’t bad enough, here’s another lorry load of concerns to add to the pile.
The UK and US economies may be on the mend at last, but that’s not the pattern elsewhere. On a global level, growth is being steadily drowned under a rising tide of debt, [...]
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter
General Cable (BGC), a Fortune 500 Company with $6.2 billion in revenues, made an announcement on Monday that caused its already beaten-down stock to drop another 6.5%: it withdrew its offering of $250 million in senior unsecured junk-rated notes.
Due to “uncertain and weak overall conditions in the high yield debt market,” thestatement said. Issuing the debt now “would not be in the best interest of shareholders under [...]
Has the U.S. Egged On the Protests?
The mass demonstrations in Hong Kong are dramatic, indeed. And given that Hong Kong has long enjoyed a more liberal existence under British rule, protests against a more authoritarian Chinese government (or at least it used to be more authoritarian) are not entirely surprising.
But Chinese officials accuse the U.S. of egging on the protests. As the Wall Street Journal’s China Real Time blog [...]
Morgan Stanley warns on Asian debt shock as dollar soars
Debt ratios in developing Asia have surpassed extremes seen just before the East Asian financial crisis blew up in the late 1990s and companies have borrowed unprecedented sums in dollars, leaving the region highly vulnerable to US monetary tightening.
The Hong Kong Warm-Up: China Land Sales Down 50% Y/Y
China may be doing everything in its power to divert attention from the simple fact [...]
Euro zone worsens in September. Spain’s recovery is non existent. In the U.S. spending is up but only in auto sales. Real estate continues to decline, pending sales drop. Retail investors are piling into the stock market while institutional investors jump ship. Afghanistan is signing the bilateral security deal to ramp up troops. Russia and UK evacuating citizens from Yemen. U.S. airstrikes in Syria are destroying its infrastructure. Obama says [...]
A well-known market strategist recently said “rational exuberance” is at work in today’s stock market, based on a growing economy and the prospect for strong corporate earnings. But would it surprise you to learn that one of the most famous market crashes in modern history happened after US GDP had expanded for 20 straight quarters?
By Michael Snyder
I know that headline sounds completely outrageous. But it is actually true. The U.S. government is borrowing about 8 trillion dollars a year, and you are about to see the hard numbers that prove this. When discussing the national debt, most people tend to only focus on the amount that it increases each 12 months. And as I wrote about recently, the U.S. national debt has increased by more [...]
The man was reportedly given antibiotics before he was critically ill and admitted two days later.
The misdiagnosis is reportedly being investigated.
The patient, Frieden said, started to show signs of the virus September 24 and then ‘sought care’ on the 26th. Frieden said two days later the patient was admitted to Texas Health Presbyterian Hospital Dallas and isolated.
It has been reported that the patient would not be given the experimental Ebola [...]
by Dave Hodges
Theorists assert that, as a civilization grows larger and becomes more advanced, its energy demands will increase rapidly due to its population growth and the energy requirements of its various machines. With this in mind, the Kardashev scalewas developed as a way of measuring a civilization’s technological advancement based upon how much usable energy it has at its disposal. The Kardashev scale consists of six levels of civilization [...]