Taking a stand against the agricultural takeover of the United States and worldwide, a group of Occupy DC members began to protest outside the offices of Monsanto. Taking part in an attempt to help raise awareness over the atrocities committed by mega corporations like Monsanto, Occupy members as far away as Portland helped to organize the national protest…
Mistreated workers are screwed in Georgia, where the Peach State has opened a new front in the war on working people. This week – legislation was passed by a state Senate Committee that would criminalize union picketing outside places of business. The new law would definite union picketing as, “interfering with the resident’s right to quiet enjoyment,” and hits union picketers with jail time.
What makes individual stockbrokers blow billions in financial markets with criminal trading schemes? According to a new study conducted at a Swiss university, it may be because share traders behave more recklessly and are more manipulative than psychopaths.
That is why we call them money-junkies!
Is the economy improving or stagnating? Are businesses hiring or firing? Is the stock market a buy or a sell? Will monetary inflation prevail over debt deflation?
Quite honestly, we don’t know the answers to these questions. Nonetheless, we have some ideas on what we think the answers should be. More important than what we think, however, is what’s going on…and how it’s making thoughtful ruminations on markets and political economies such a muddled mess…
“We have Monetary Anarchy running riot, where the elastic band between the real economy and the current liquidity-fuelled markets is stretched further and further beyond credulity,” noted Bob Janjuah, head of tactical asset allocation at Nomura, earlier this week.
The US stock market jumped up today on word that the number of new unemployment applications fell to the lowest level in four years.
Sounds good, right? It’s meant to sound good, but if you look at the number, and if you think about what it really means, it’s not good news at all.
What the US Labor Department reported was that new unemployment claims filed for the week ended Feb. 24 totaled 351,000, which was slightly lower than the 353,000 new claims filed the prior week. “Slightly” indeed! A better term for this 0.57% decline is “statistically insignificant!
While Nouriel Roubini says that attacking Iran would lead to global recession (and see this), Ronald Reagan’s budget director – David Stockman – points out that even beating the drums of war is driving up oil prices and hurting our economy:
“But it makes Israel happy, and really; isn’t that worth it?” — Official White Horse Souse
Max echoes some comments on Stratfor made this week by readers of WRH – it’s so similar it’s spooky:)
Max .. is that you?
The U.S. Strategy to Control Middle Eastern Oil: “One of the Greatest Material Prizes in World History”
In the midst of World War II, Saudi Arabia secured a position of enormous significance to the rising world power, America.
With its oil reserves essentially untapped, the House of Saud became a strategic ally of immense importance, “a matter of national security, nourishing U.S. military might and enhancing the potentiality of postwar American hegemony.”
Saudi Arabia welcomed the American interest as it sought to distance itself from its former imperial master, Britain, which it viewed with suspicion as the British established Hashemite kingdoms in the Middle East – the old rivals of the Saudis – in Jordan and Iraq.
The framework has been issued to support the government’s digital by default policy, where all major public service provider departments will adopt identity assurance plans, for users accessing government services.
The Cabinet Office has said that it expects such adoption to increase digital uptake and improve cyber security for departments and users.
The provider will also be charged with managing the credential lifecycle (e.g. user name, password, hard or soft tokens, grids, voice samples, memorable information, one time passwords), from issue to decommission, which could include credential loss, recovery and reissue.
**UK Govt wants your voice samples…
Next Leg Of The Ponzi Revealed – Foreign Central Banks To Begin Buying US Stocks Outright Starting Today
The Bank of Israel will begin today a pilot program to invest a portion of its foreign currency reserves in U.S. equities.
The investment, which in the initial phase will amount to 2 percent of the $77 billion reserves, or about $1.5 billion, will be made through UBS AG and BlackRock Inc. (BLK), Bank of Israel spokesman Yossi Saadon said in a telephone interview today. At a later stage, the investment is expected to increase to 10 percent of the reserves.
“We have almost no exposure to countries with big problems. We constantly examine where we invest the foreign currency reserves, and I can promise you that you can relax,” Governor of the Bank of Israel Prof. Stanley Fischer said at a closed conference in mid-January.
As another nervous week lies ahead for Greece, Nigel Farage, MEP and leader of the UK Independence Party, says the sacrifices it’s being forced to make only drag the country deeper into trouble.
They never showed this at the Oscars: After all the A-list glamour, a look at life on the streets for Tinseltown’s forgotten homeless
After the red carpet is rolled away and the A-list retire from clinking their glasses, the vision of Hollywood at once remains the place where dreams are made.
In reality, the underbelly of the city tells a very different story from the fairytale ending of Oscar night.
In view of the Hollywood and Highland Center, where Meryl Streep and Jean Dujardin thanked the Academy for their golden statuettes, a homeless man makes his way down the street before sunrise, while others worse for wear beg for change on the Walk of Fame.
Petrol hits an all-time high: Cost of filling family car tops £96 today as pressure grows to freeze fuel duty… and AA warns it will get worse
Throughout most of the world people are taught to look at reality in a very polarized way. When certain issues are presented to us through mainstream circles they are usually oversimplified to the point where all concepts are either black or white, and all people are either good or bad, with no in between.
The reality of the situation is that things are much more complicated than that. This is especially true in the study of philosophy, because terms are constantly being redefined and ideas constantly reexamined with every new generation of philosophers to accommodate the new insight and information that has become available over time…
March 1, 2012
Senator Jeff Sessions, ranking member of the Senate Budget Committee has pointed out that our per capita government debt is already larger than Greece’s. Per person, our government owes over $49,000 compared to $38,937 per Greek citizen. Our debt has just reached 101% of our Gross Domestic Product.
Brandon Smith, Contributor
As Americans, we live in two worlds; the world of mainstream fantasy, and the world of day-to-day reality right outside our front doors. One disappears the moment we shut off our television. The other, does not…
G Edward Griffin explains the FEDERAL RESERVE – a total money scam. Ron Paul will reverse this!
Ronald Reagan once famously declared that inflation is a tax, but sadly most Americans did not really grasp what he was talking about. If the American people truly understood what inflation was doing to them, they would be screaming bloody murder about monetary policy. Inflation is an especially insidious tax because it is not just a tax on your income for one year. It is a continual tax on every single dollar that you own. As your money sits in the bank, it is constantly losing value. Over time, the effects of inflation can be absolutely devastating. For example, if you put 100 dollars in the bank in 1970, those same dollars today would only have about 17 percent of the purchasing power that they did back then.
National City Bank Uses Escrow Manipulation to Fraudulently Foreclose on 70 year-old woman, they should be in prison for this.
(Lightbulb came on:
They never amended subsequent “complaints” in writing because they were barred by res judicata, i.e. they had already lost. Read and watch carefully).
President Obama would permanently reduce corporate tax rates, but claims he’ll get even more taxes from companies by closing loopholes. Even if you believe this fantasy, there’s nothing in it for the 99 percent, since “the president has already stated that the additional revenue will go right back into corporate pockets, in the form of new or existing tax breaks.” Have a happy billion dollar election year.
“Hardly anyone outside the administration believes that the Obama plan will wind up collecting more corporate taxes than it gives away.”
Government intervention in the market place is not capitalism and not a free market, it’s mercantilism. Video top of the page. Woman tells it like it is.