From James Harkin (Webmaster & Editor of LindseyWilliams.net). Here is a summary of articles of interest from around the world for this week. Please LIKE the Lindsey Williams Online Facebook Page to see stories posted daily regarding the current state of the economy around the world.
Latest News From March 31, 2017 to April 6, 2017:
- Now That Trump’s ‘Red Line’ Has Been Crossed, Will He Turn Damascus Into A ‘Ruinous Heap’?
Will a false flag chemical attack in Syria’s Idlib province be the trigger that causes World War 3 to erupt in the Middle East? In Part I of this series, I discussed how previous chemical attacks that were blamed on the Assad regime actually turned out to be false flag attacks conducted by Syrian rebels that were absolutely desperate to draw the United States into the Syrian civil war on their side. And considering the fact that the Syrian rebels have been consistently losing territory in recent months, they are now more desperate than ever. So even though it didn’t work before, they probably figured that a false flag chemical attack was worth one more try, and so far the Trump administration appears to be buying it hook, line and sinker. Trump has called the attack a “terrible affront to humanity”, and he is placing all of the blame on the shoulders of the Assad regime. But now that Trump has committed the U.S. to take military action in Syria, what is that actually going to look like?
- Donald Trump Has Just Committed The United States To A Disastrous War In Syria
Rumors of war are percolating in Washington D.C., and if the Trump administration is not extremely careful it may find itself fighting several disastrous wars simultaneously. Just one day after threatening North Korea with war, Donald Trump has committed to taking military action against the Assad regime in Syria. Trump is blaming the chemical attack in Syria’s Idlib province on Tuesday on the Syrian government, and he is pledging that the United States will not just sit by and do nothing in response. Unfortunately for all of us, military contingents from Russia, Iran and Hezbollah are mixed in among the Syrian forces, and so any strike on the Syrian military could potentially spark World War 3.
- The Next Subprime Crisis Is Here: 12 Signs That A Day Of Reckoning Has Arrived For The U.S. Auto Industry
In 2008, subprime mortgages almost single-handedly took down the entire financial system, and now a new subprime crisis is here. In recent years, the auto industry has been able to boost sales by aggressively pushing people into auto loans that they cannot afford. In particular, auto loans made to consumers with subprime credit have been accounting for an increasingly larger percentage of the market. Unfortunately, when you make loans to people that should not be getting them, eventually a lot of those loans are going to start to go bad, and that is precisely what is happening now. Meanwhile, automakers and dealers are starting to panic as sales have begun to fall and used car prices have started to crash. If you work in the auto industry, you might remember how horrible the last recession was, and this new downturn could eventually turn out to be even worse.
- September 6, 1984: Ron Paul Warns of Surveillance State
1984 … A dystopian novel that ended up being an instruction guide for government. Back in 1984, Ron Paul was warning America of the “disgusting” surveillance that was emerging in “a professed free society.”
- China plans to build new city nearly three times the size of New York
A hitherto anonymous region near China’s smog-choked capital has been overrun by house buyers after Beijing unveiled “historic” plans to build a new city there in a bid to slash pollution and congestion. Plans for the Xiongan New Area, a special economic zone that authorities say will eventually cover an area nearly three times that of New York, were announced by the Communist party’s top leaders on Saturday with a flurry of government propaganda. In a joint statement two of China’s most powerful political bodies, the central committee and state council, described the new city, which will straddle three counties about 100km southwest of Beijing, as “a strategy crucial for a millennium to come”.
- Trump Trade Cracks While Britain’s May Fiddles in the Flames of the EU’s 60 Year Anniversary Celebration
Last week and Monday saw investors begin to exit the Trump Trade seriously in the face of political reality. President Donald Trump will not necessarily be able to push through all of his business-friendly agendas without the same difficulties other past American leaders have faced. This became clear in the wake of the Republican withdrawal of the Obamacare repeal and replace bill. Across the pond in the United Kingdom, Prime Minister Theresa May cleared the final hurdles in time to announce her intention to invoke Article 50 of the Lisbon Treaty on Wednesday, March 29. She begins a busy Brexit calendar of up to two years of regulation rollbacks and negotiations for free trade with the EU against the backdrop of a severe lack of diplomatic, trade negotiating, and general civil service staff.
- How Chicago's Largest Pension May Run Out Of Cash In As Little As 4 Years
Chicago's pension funds, along with several other large public pensions around the country, are in serious trouble (we recently discussed the destruction awaiting our financial markets here: “Are Collapsing Pensions “About To Bring Hell To America”?”). The problem is that the pending doom surrounding these massive public pension obligations often get clouded over by complicated actuarial math with a plan's funded status heavily influenced by discount rates applied to future liability streams. Take Chicago's largest pension fund, the Municipal Employees Annuity and Benefit Fund of Chicago (MEABF), as an example. Most people focus on a funds ‘net funded status', which for the MEABF is a paltry 20.3%. But the problem with focusing on ‘funded status' is that it can be easily manipulated by pension administrators who get to simply pick the rate at which they discount future liabilities out of thin air.
- Prepare For “Manias, Panics And Crashes”: An Ominous Warning From Bank Of America
Bank of America's Michael Hartnett is back with another controversial note overnight, reminding readers that “it ain't a normal cycle” for one overarching reason: central banks. As Hartnett explains, the catalyst for bull in equity and credit markets since 2009 was the “revolutionary monetary policy of central banks” who, since Lehman, “have cut rates 679 times and bought $14.2tn of financial assets.” And, once again, he warns that this central bank “liquidity supernova” is coming to an end, as is “the period of excess returns in equities and corporate bonds, as is the period of suppressed volatility.”
- Moscow And Beijing Join Forces To Bypass US Dollar In Global Markets, Shift To Gold Trade
The Russian central bank opened its first overseas office in Beijing on March 14, marking a step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system, and to phase-in a gold-backed standard of trade. According to the South China Morning Post the new office was part of agreements made between the two neighbours “to seek stronger economic ties” since the West brought in sanctions against Russia over the Ukraine crisis and the oil-price slump hit the Russian economy. According to Dmitry Skobelkin, the deputy governor of the Central Bank of Russia, the opening of a Beijing representative office by the Central Bank of Russia was a “very timely” move to aid specific cooperation, including bond issuance, anti-money laundering and anti-terrorism measures between China and Russia.
- Connecticut Set To Become First State To Allow Deadly Police Drones
Connecticut could become the first US state to allow police to use drones equipped with deadly weapons if a bill opposed by civil libertarians becomes law. The bill, which was approved overwhelmingly by the state legislature's judiciary committee on Wednesday, would ban so-called weaponized drones in the state but exempts police and other agencies involved in law enforcement, the AP reported. The legislation was introduced as a complete ban on weaponized drones but just before the committee vote it was amended to exclude police from the restriction. Connecticut Governor Dannel Malloy, a Democrat, was reviewing the proposal, “however in previous years he has not supported this concept,” spokesman Chris Collibee wrote in an email.
- Auto Industry Resorts To Biggest Incentives Ever To Slow Decline In Sales
The Last time automakers tried this was in 2009! In a few days, automakers are going to report their new vehicle deliveries for March. TrueCar, Kelley Blue Book, and LMC Automotive are predicting total vehicle sales slightly above the flat-line compared to March a year ago, though sales were down year-over-year in both January and February. TrueCar forecasts an increase of 0.2% year-over-year to 1.586 million new cars and light trucks, with retail deliveries (excluding fleet sales) growing 1% to 1.276 million units. J.D. Power and LMC Automotive said on Friday that they expect an increase of 1.9%, to 1.62 million units, with retails sales up 1%, boosted by record incentives.
- First Post-Brexit Tremors: Theresa May “Would Go To War” To Protect Gibraltar
The ink has yet to dry on Theresa May's Article 50 signature from last week which officially started the UK's 2-year long divorce from the EU, and already Europe has been traumatized by comments from former Conservative leader Michael Howard, who suggested that Theresa May is be prepared to go to war to protect Gibraltar as Margaret Thatcher once did for the Falklands, comments which according to the Guardian were “immediately criticized as inflammatory.” Howard told Sky News on Sunday that: “There is no question whatever that our Government will stand by Gibraltar… 35 years ago this week another woman Prime Minister sent a task force half way across the World to defend the freedom of another small group of British people against another Spanish-speaking country…. I am absolutely certain our current Prime Minister will show the same resolve in standing by the people of Gibraltar.”
- What Is America Going To Look Like When Stocks, Home Prices And Even Used Cars All Crash By At Least 50 Percent?
Have you ever thought about what comes after the bubble? In 2008 we got a short preview of what life will be like, but most Americans seem to have come to the conclusion that the last financial crisis was just a minor bump in the road toward endless economic prosperity. But of course the truth is that the ridiculously high debt-fueled standard of living that we are enjoying now is not sustainable, and after this bubble bursts it will be an extremely painful adjustment for our society. Since the last financial crisis, the U.S. national debt has nearly doubled, corporate debt has doubled, stock valuations have reached exceedingly ridiculous extremes, the student loan debt bubble has surpassed a trillion dollars, we are facing the largest unfunded pension crisis in U.S. history, and in many parts of the country (particularly the west coast) we are facing a housing bubble that is even worse than the one that burst in 2007 and 2008.
- Maybe The Recovery Wasn’t Real After All
For a while there it looked like the US and its main trading partners had finally achieved escape velocity. Growth was up, inflation was poking through the Fed’s 2% target, and most measures of consumer sentiment were bordering on euphoric. Then it all started to evaporate. Lackluster manufacturing and consumer spending reports sent the Atlanta Fed’s reading of Q1 GDP off a cliff to less than 1%.
- You Do Not Go To War With Your Own People
Donald Trump is making the exact same tragic mistake that other prominent leaders have made in the past. You never, ever, ever go to war with your own people. Yes, you may have some very serious disagreements with your own team sometimes, but you never go to war with them. When Trump openly declared war on the Freedom Caucus, he immediately lost the support of millions of conservatives. And now Trump is going to have a tremendously difficult time getting anything on his agenda through Congress, because without Freedom Caucus votes the Democrats will be able to block just about everything that Trump wants to do.
- Money Riots Coming in Next Financial Collapse
Financial expert and four time, best-selling book author James Rickards says there is no avoiding another economic collapse. Every time the economy suffers a setback, such as recently hitting a $20 trillion debt ceiling in the United States Congress, things get a little worse. Rickards explains, “The point of my books, ‘The Death of Money’ and my more recent book ‘The Road to Ruin,’ is that these are like snowflakes building up to cause an avalanche. The avalanche is the instability of the financial system as a whole. The concentrations of assets among the banks, the interconnectedness of the system, and almost a $1 quadrillion, not $1 trillion, $1 quadrillion, that’s a $1,000 trillion of notional value of derivatives, all these things are unstable. What does it take to cause that avalanche? What does it take to cause a loss of confidence in the system? These are major body blows. When you say the government will shut down or you say the government can’t borrow, the Congress is really playing with fire here. We are going through some very dangerous periods. I am not saying the system is going to collapse in the next 30 days. I am saying the system is very vulnerable to collapse, and it will collapse sooner than later. These are the kind of things that can cause it. . . . We are really playing with fire here.”
- The Ticking Time Bomb That Will Wipe Out Virtually Every Pension Fund In America
Are millions of Americans about to see the big, juicy pensions that they were counting on to fund their golden years go up in flames in the biggest financial disaster in U.S. history? When Bloomberg published an editorial entitled “Pension Crisis Too Big for Markets to Ignore“, it simply confirmed what a lot of people already knew to be true. Pension funds all over America are woefully underfunded, and they have been pouring mind boggling amounts of money into very risky investments such as Internet stocks and commercial mortgages. Just like with subprime mortgages in 2008, this is a crisis that everyone can see coming well in advance, and yet nothing is being done about it. On a day to day basis, Americans generally don’t think very much about pensions. Most of those that have been promised pensions simply have faith that they will be there when they need them. Unfortunately, the truth is that pension plans all over the country are severely underfunded, and this has already resulted in local fiascos such as the one that we just witnessed in Dallas.
- A Cyber-Gulf of Tonkin
The “cyber-security” firm that everyone is depending on to make the case for Russia’s alleged “hacking” of the 2016 presidential election, CrowdStrike, has just retracted a key component of its analysis – but the “mainstream” media continues to chug along, ignoring any facts that contradict their preferred narrative. As Voice of America – hardly an instrument of Russian propaganda! – reports: “U.S. cybersecurity firm CrowdStrike has revised and retracted statements it used to buttress claims of Russian hacking during last year’s American presidential election campaign. The shift followed a VOA report that the company misrepresented data published by an influential British think tank.” This retraction pulls the rug out from under CrowdStrike’s identification of the hacking group that supposedly broke into the Democratic National Committee’s server.
- High doses of vitamin C can help treat cancer, scientists find
High doses of vitamin C injected into the blood stream could help treat cancer, new research from scientists suggests. Injecting patients with a dose 1,000 times higher than the recommended level could target tumour cells and make radiation and chemotherapy more effective. Scientists gave eleven brain cancer sufferers regular dosages of vitamin C every week for nine months while receiving typical radiotherapy and chemotherapy. Tests showed the extra vitamin – usually found in oranges, green vegetables, broccoli and strawberries – made cancer cells more susceptible to treatment.
- The Root Cause of Health Care Dysfunction
Largely absent from the vigorous debate over reforming the nation’s health care laws is the understanding that simply being covered by health insurance does not reduce health care costs. Before the Affordable Care Act (ACA) passed in March 2010, President Obama repeatedly promised that the typical family’s health premiums would go down by (sometimes “up to” but frequently “on average”) $2,500. That decline did not occur because the ACA strengthened the control that insurance companies—as opposed to patients—have over health care spending. In fact, Americans’ increasing dependence on health insurance over the last seven decades has been a major contributor to exploding health costs. It’s a fundamental economic truth that too much health insurance actually increases costs. That is why other types of insurance—think of car accidents or warehouse fires—only cover catastrophic costs. According to my new study published by the Mercatus Center, the full cost impact of our health insurance, provided by both government and private insurers, is staggering.
- 43 Facts About Love, Sex, Dating And Marriage That Are Almost Too Crazy To Believe
Is it more difficult for a woman to find a husband in America today compared to several decades ago? If a couple lives together before marriage, are they more likely or less likely to get divorced? Are married men more satisfied with their intimate relationships than single men are? You will get answers to these questions and many more in this article, and what the numbers actually show may surprise you. The truth is that there have been some seismic cultural shifts when it comes to romantic love, courtship, marriage and parenting in America. The way things worked for our parents and grandparents is not necessarily the way that things work in 2017. I expect that the statistics I am about to share with you will provoke some extremely strong reactions, and that is okay, because we need to have open and honest discussions about these things.
- Credit Suisse Offices Raided In Multiple Tax Probes: Gold Bars, Paintings, Jewelry Seized
Credit Suisse has confirmed that the Swiss bank, some of its employees and hundreds of account holders are the subjects of a major tax evasion probe launched in UK, France, Australia, Germany and the Netherlands, setting back Swiss attempts to clean up its image as a haven for tax evaders. According to Bloomberg, Dutch investigators seized jewellery, paintings and even gold bars as part of a sweeping investigation into tax evasion and money laundering in the Netherlands. They added that the sums involved amounted to “many millions” of lost tax revenue.
- Here’s Why Italy’s Banking Crisis Has Gone Off The Radar
For a country that is on the brink of a gargantuan public bailout of its toxic-loan riddled banking sector, or failing that, a full-blown financial crisis that could bring down the European financial system, things are eerily quiet in Italy these days. It’s almost as if the more serious the crisis gets, the less we hear about it — otherwise, investors and voters might get spooked. And elections are coming up. But an article published in the financial section of Italian daily Il Sole lays out just how serious the situation has become. According to new research by Italian investment bank Mediobanca, 114 of the close to 500 banks in Italy have “Texas Ratios” of over 100%. The Texas Ratio, or TR, is calculated by dividing the total value of a bank’s non-performing loans by its tangible book value plus reserves — or as American money manager Steve Eisman put it, “all the bad stuff divided by the money you have to pay for all the bad stuff.”
- Fewer Than 1 Percent Of Papers in Scientific Journals Follow Scientific Method
Fewer than 1 percent of papers published in scientific journals follow the scientific method, according to research by Wharton School professor and forecasting expert J. Scott Armstrong. Professor Armstrong, who co-founded the peer-reviewed Journal of Forecasting in 1982 and the International Journal of Forecasting in 1985, made the claim in a presentation about what he considers to be “alarmism” from forecasters over man-made climate change. “We also go through journals and rate how well they conform to the scientific method. I used to think that maybe 10 percent of papers in my field … were maybe useful. Now it looks like maybe, one tenth of one percent follow the scientific method” said Armstrong in his presentation, which can be watched in full below. “People just don’t do it.”
- Why Foreign Robots Are The Real U.S. Job Killer
Over the past several months President Trump has called out pretty much every major auto OEM for their efforts to move low-skilled assembly jobs to Mexico. But absent new tariffs, it's not terribly surprising to most people that American companies would seek to move low-skilled, labor-intensive jobs to lower cost labor markets…the math is pretty simple. But what is somewhat surprising is how poorly the U.S. is performing versus international competition in the development of advanced manufacturing robotics. As the Wall Street Journal points out this morning, when it comes to automating a manufacturing floor, buying robotics ‘Made in America' isn't even an option.
- Visualizing NAFTA's Mixed Track Record Since 1994
On January 1, 1994, the North American Free Trade Agreement (NAFTA) officially came into effect, virtually eliminating all tariffs and trade restrictions between the United States, Canada, and Mexico. Fast forward 20 years, and NAFTA is a hot-button issue again. Donald Trump has said he is working on “renegotiating” the agreement, and many Americans are sympathetic to this course of action. However, coming to a decisive viewpoint on NAFTA’s success or failure can be difficult to achieve. Over two decades, the economic and political landscape has changed. China has risen and created a surplus of cheap labor, technology has changed massively, and central banks have kept the spigots on with QE and ultra-low interest rates. Deciphering what results have been the direct cause of NAFTA – and what is simply the result of a fast-changing world – is not quite straightforward.
- Obamacare ‘Explosion' Could Come On May 22nd, Here's Why
After a stunning healthcare defeat last week, delivered at the hands of his own party no less, Trump took to twitter to predict the imminent ‘explosion' of Obamacare. As it turns out, that ‘explosion' could come faster than anyone really expects as legislators and health insurers have to make several critical decisions about the 2018 plan year over the next 2 months which could seal Obamacare's fate. As the Atlanta Journal Constitution points out today, the Trump administration has until May 22nd to decide whether they will continue to pursue the Obama administration's appeal to provide subsidies to insurers who participate in the federal exchanges.
- Surveillance on Trump Backfires, Russian Collusion False Narrative, Are Markets Topping
The pile of felonies against people in the Deep State that illegally released classified information, for the purpose of embarrassing and destroying the incoming Trump Administration, keep stacking up. This crime is orders of magnitude worse that Watergate. The White House invited leaders of Congress to see documents from whistleblowers that point to improper handling of Intel surrounding the Trump team. Meanwhile, the Democrats and their allies in the mainstream media (MSM) continue to push a false narrative of Trump and his team colluding with the Russians without one single piece of evidence of wrongdoing after 8 months of an FBI investigation. The leader of Russia, Vladimir Putin, said this week that Russian interference in the 2016 Presidential Election is “fictional, illusionary, provocations and lies . . . used for domestic political agendas.”
- Is George Soros Behind This Plot To Topple Trump?
The mainstream media hates him. Hollywood hates him. The “Intellectual Yet Idiot” academia class hates him. Most critically, the CIA hates him. So does the rest of the Deep State, or the permanently entrenched “national security” bureaucracy. They did everything possible to stop Trump from taking office. None of it worked. I think the CIA hates Trump for a very simple reason: he’s threatening to take away their livelihood. Trump wants to make nice with Putin and the Russians. But countering the so-called “Russian threat” is how many thousands of Deep State bureaucrats make a living. These people feed off the trough of the $1 trillion-plus military/security budget. Playing nice with the Russians would kill their jobs—and end their way of life.
- WikiLeaks Reveals “Marble”: Proof CIA Disguises Their Hacks As Russian, Chinese, Arabic…
WikiLeaks’ latest Vault 7 release contains a batch of documents, named ‘Marble’, which detail CIA hacking tactics and how they can misdirect forensic investigators from attributing viruses, trojans and hacking attacks to their agency by inserted code fragments in foreign languages. The tool was in use as recently as 2016.
- The Last Two Times After The Government Reported Data Like This, Stocks Crashed
Wall Street claims surge in stocks is based on rising corporate earnings. So, let’s see. The Commerce Department’s Bureau of Economic Analysis released its third estimate of fourth quarter 2016 GDP and corporate profits today. This second revision of its first estimate of January 27 contains more data and is considered a more accurate approximation of what happened in the vast, devilishly hard-to-quantify US economy. In terms of GDP, the fourth quarter was revised up slightly, but there were adjustments for prior quarters, and overall GDP growth for the year 2016 remained at a miserably low 1.6%. We’ve come to call this the “stall speed.” It’s difficult for the US economy to stay aloft at this slow speed. As Q4 gutted any hopes for a strong finish, GDP growth in 2016 matched the worst year since the Great Recession. And corporate profits, despite a stock market that has been surging for years, are even worse. A lot worse. They’ve declined for years. In fact, they declined for years during the prior two stock market bubbles, the dotcom bubble and the pre-Financial-Crisis bubble. Both ended in crashes.
- Obama's rule changes opened door for NSA intercepts of Americans to reach political hands
As his presidency drew to a close, Barack Obama’s top aides routinely reviewed intelligence reports gleaned from the National Security Agency’s incidental intercepts of Americans abroad, taking advantage of rules their boss relaxed starting in 2011 to help the government better fight terrorism, espionage by foreign enemies and hacking threats, Circa has learned.
- Trump May Be Right: The ‘Five Eyes' Allies Do Spy On One Another
In a rare public announcement, Britain’s signals intelligence agency, the Government Communications Headquarters (GCHQ), issued a rare public statement concerning a charge by an American former judge that it conducted electronic surveillance of president-elect Donald Trump after his upset victory on November 8, 2016. GCHQ stated: “Recent allegations made by media commentator Judge Andrew Napolitano about GCHQ being asked to conduct ‘wiretapping’ against the then president-elect are nonsense. They are utterly ridiculous and should be ignored”. Its public announcement belied the fact that GCHQ and its four ‘Five Eyes' partners have spied on each other’s citizens as a legal ‘work around' to their national laws designed to prevent such domestic eavesdropping on citizens by their respective agencies.
- Margin Debt Hits New Record High But Analysts Say “Don’t Worry”
The Wall Street Journal reports Margin Debt Hit an All-Time High in February. Given that Margin debt has a history of peaking right before financial collapses this seems like a warning to me but analysts say it’s different this time. ‘Margin debt climbed to a record high in February, a fresh sign of bullishness for flummoxed investors trying to navigate the political and economic crosscurrents driving markets. The amount investors borrowed against their brokerage accounts climbed to $528.2 billion in February, according to the most recent data available from the New York Stock Exchange, released Wednesday. That is up 2.9% from $513.3 billion in January, which had been the first margin debt record in nearly two years. Before January, the previous record high for margin debt was $505 billion in the spring of 2015. Margin debt then started falling, months ahead of a summer swoon that sent major indexes down more than 10%.' Analysts Say Don’t Worry.
- Chinese Gold Miner Claims Discovery Of Largest Ever Gold Mine
Shandong Gold Group, China’s second biggest gold producer by output, announced on Tuesday that it has discovered deposits in eastern China containing an estimated 380 tons of gold reserves, which would represent the nation’s largest ever gold deposit. According to a Tuesday statement that cited the company on sdchina.com, the Xiling mine in Shandong province told local authorities it had found 382.58 tons of gold reserves and that the volume could reach more than 550 tons once exploration is completed in two years. According to local media reports, the Xiling gold seam in eastern China is more than 2,000 meters long and 67 meters wide; operating at full capacity, the mine would have a life of 40 years, according to the statement.
- Trump signs order dismantling Obama-era climate policies
President Donald Trump on Tuesday signed an order to undo Obama-era climate change regulations, keeping a campaign promise to support the coal industry and calling into question U.S. support for an international deal to fight global warming. Flanked by coal miners and coal company executives, Trump proclaimed his “Energy Independence” executive order at the headquarters of the Environmental Protection Agency. The move drew swift backlash from a coalition of 23 states and local governments, as well as environmental groups, which called the decree a threat to public health and vowed to fight it in court.
- Venezuela Supreme Court Grants Itself Legislative Powers
Venezuela's Supreme Court took over legislative powers Thursday from the opposition-majority National Assembly, a dramatic tightening of leftist President Nicolas Maduro and his allies' grip amid a devastating economic crisis. The opposition attacked what it called a “fraudulent court” packed with Maduro loyalists bent on keeping him in power in the South American oil giant, where a three-year recession has caused food shortages, riots and an epidemic of violent crime.
- This Is The 6-Page Letter Delivered From The UK To The EU Triggering Article 50: Full Text
Moments ago, the UK Prime Minister's office posted the 6-page letter that was delivered by the UK to the EU, triggering Article 50 and officially starting the 2 year Brexit process. In the letter, Theresa May proposes “bold and ambitious” Free Trade Agreement between the United Kingdom and says the agreement should cover important sectors, including financial services and network industries. Some of the key highlights from the letter, courtesy of Bloomberg: U.K. Seeks to Minimize Disruption in Brexit Talks, U.K. Seeks Technical Talks on Policy Details ASAP, U.K.'s May Wants to Avoid Return to Hard Irish Border, U.K. Seeks Implementation Periods to Ease Transition to Brexit, U.K. Seeks Free Trade Agreement That Includes Finance.
- One of the Most Important Scientists in the World: “Most Cancer Research is Largely a Fraud”
“Everyone should know that most cancer research is largely a fraud, and that the major cancer research organisations are derelict in their duties to the people who support them.” The above quote comes from Linus Pauling, Ph.D, and two time Nobel Prize winner in chemistry (1901-1994). He is considered one of the most important scientists in history. He is one of the founders of quantum chemistry and molecular biology, who was also a well known peace activist. He was invited to be in charge of the Chemistry division of the Manhattan Project, but refused. He has also done a lot of work on military applications, and has pretty much done and seen it all when it comes to the world of science. A quick Google search will suffice if you’d like to learn more about him.
- Westinghouse Bankruptcy Puts Fate Of Four U.S. Nuclear Reactors In Limbo
When Westinghouse Electric filed for Chapter 11 bankruptcy protection on Wednesday morning, few were surprised as the outcome was the only one which allowed the company's troubled, and near-insolvent Japanese parent, Toshiba, to continue operating, even if it meant the bankruptcy of the iconic company. Westinghouse was one of the originators of the nuclear age, building the world’s first commercial nuclear reactor 60 years ago. Its pressurized water reactor design is in 430 power plants and accounts for 10% of electricity generated in the world. However, few were prepared for the unexpected aftermath of this particular bankruptcy, which has set off a showdown between Toshiba and a major U.S. utility, has left the fate of four half-finished nuclear reactors and is threatening to drive a wedge between the US and Japanese governments over the fate of industries each considers vital.
- The Complete History of Monsanto, “The World’s Most Evil Corporation”
Of all the mega-corps running amok, Monsanto has consistently outperformed its rivals, earning the crown as “most evil corporation on Earth!” Not content to simply rest upon its throne of destruction, it remains focused on newer, more scientifically innovative ways to harm the planet and its people.
- Finally! The FDA Admits That Nearly Over 70% of U.S. Chickens Contain Cancer-Causing Arsenic
I don’t know about the rest of you, but lately my poultry purchases at my local market have become more and more of a ‘hit-and-miss’ situation, with more ‘misses’ if I’m being honest. As I bite into my homemade chicken nuggets or Coq au Vin (when I’m feeling fancy) I can’t help but feel that the chicken just tastes weird, stringy, just…funny. So a few days ago when I turned on the tube and saw the news headlines stating that the FDA has finally confirmed that chicken meat sold in the USA contains arsenic, my head, and stomach, nearly hit the roof. This cancer-causing toxic chemical, that in high doses could kill you, is actually being added to chicken feed on purpose, giving store-bought chicken the illusion of healthy coloring and plump appearance. Shockingly, this is the case with more than 70 percent of all U.S. chickens! That is just awful!
- EU could BREAK UP the US: Juncker in jaw-dropping threat to Trump over support for Brexit
EUROPEAN Union boss Jean-Claude Juncker issued a jaw-dropping threat to the United States, saying he could campaign to break up the country in revenge for Donald Trump’s supportive comments about Brexit. In an extraordinary speech the EU Commission president said he would push for Ohio and Texas to split from the rest of America if the Republican president does not change his tune and become more supportive of the EU. The remarks are diplomatic dynamite at a time when relations between Washington and Brussels are already strained over Europe’s meagre contributions to NATO and the US leader’s open preference for dealing with national governments.
- Gold Set to Soar to $1,500 as Inflation Makes a Comeback
Gold is poised to rally to levels last seen four years ago as rising inflation and negative real interest rates combine to boost demand, according to Incrementum AG, which says that the precious metal may be in the early stages of a bull market. Prices may climb to $1,400 to $1,500 an ounce this year, said Ronald-Peter Stoeferle, managing partner at the Liechtenstein-based company, which oversees 100 million Swiss francs ($101.5 million). Spot bullion — which was at $1,249 on Wednesday — last traded at $1,400 in September 2013.
- How Many Jobs Do Robots Destroy? Answers Emerge
How many jobs do robots – whether mechanical robots or software – destroy? Do these destroyed jobs get replaced by the Great American Economy with better jobs? That’s the big discussion these days. The answers have been soothing. Economists cite the Industrial Revolution. At the time, most humans replaced by machines found better paid, more productive, less back-breaking jobs. Productivity soared, and society overall, after some big dislocations, came out ahead. The same principle applies today, the soothsayers coo. But this isn’t the Industrial Revolution. These days, robots and algorithms are everywhere, replacing not just manufacturing jobs but all kinds jobs in air-conditioned offices that paid big salaries and fat bonuses.
- CNBC: China’s Secret Plan to Crush the U.S. Space Program
In a feature on Tuesday, CNBC explained how the Chinese government plans to overtake the US space program, as well as private companies such as SpaceX. “China’s breakneck economic expansion may be flagging, but the country’s ambitions in space show no signs of slowing down,” wrote CNBC. “Alongside ongoing efforts to rival NASA by placing robotic landers, and eventually astronauts, on the moon and Mars, China’s government is increasingly looking to its burgeoning space sector to rival U.S. companies like Jeff Bezos’ Blue Origin and Elon Musk’s SpaceX, which is targeting March 30 for the latest launch of its Falcon 9 rocket.”
- Shock, Horror: ECB Not as “Independent” as it Claims – Report
The European Central Bank has found itself in the rare position of having to defend itself in the public arena following the release of a scathing report on its perceived lack of political independence. The report, published by anti-corruption watchdog Transparency International, argues that the institution has accrued new power and influence in the wake of the financial crisis but its code of conduct has not kept up with that newfound clout. It even suggests that the ECB should withdraw from the Eurozone’s Troika of creditors, precisely at a time that calls are rising for the creation of a European Monetary Fund.
- Look What Just Happened To The US National Debt In 68 Days Since Trump Was Elected
If one looks back at the U.S. stock markets reaction since the historic election that was held in November, it's difficult to find a comparable period of euphoria over the last couple of years that matches the one we’ve seen the last 60 days or so. With that said, even though optimism is always is a better recipe for success than than pessimism, many have lost touch with “realism,” and the end result has been anything but responsible planning on the part of most Americans. Most are too busy enjoying what many have referred to as “Trumphoria.” Make no mistake, a global economic crisis is coming, and it’s coming fast, but you have to give credit where credit is due, and this statistic about the U.S. national debt is nothing short of miraculous.
- 12 Signs That America Has Become A Politically-Correct Madhouse
What in the world has happened to the United States? We are rapidly getting to the point where political correctness is in danger of becoming our national religion. Of course most people would not even call it a “religion”, but for most Americans this unwritten set of rules shapes everything that they think, do and say. Many had been hoping that the spell of political correctness would be broken by the election of Donald Trump, but that obviously has not happened. The forces of political correctness still have a stranglehold on our education system, on all forms of entertainment, on our legal system, and on most of the politicians in both political parties.
- The World Is On The Edge Of A Financial Fukushima-Style Nightmare
Today an associate of former U.S. Treasury official, Dr. Paul Craig Roberts, just warned the world is now on the cusp of a financial Fukushima-style nightmare. Dave Kranzler: Several “black swans” are looming which could inflict a financial nuclear accident on the U.S. markets and financial system. I say “black swans” in quotes because a limited audience is aware of these issues – potentially catastrophic problems that are curiously ignored by the mainstream financial media and financial markets…
- If You Are Confused About Where Markets Are Headed From Here, Just Read This…
The major theme of our comments recently on the near-term direction of the stock market can best be summed up with one word – uncertainty. That’s what happens when the indicators we trust, and even the price action of the market itself, start sending mixed messages that make it difficult to provide the clear green light that everyone desires. I know I’m sure getting tired of writing about the confusion, and I’d wager everyone playing along at home is a bit exhausted from reading about it every day, but we unfortunately have to play the cards we are dealt and this has been a market trying to decide if it should fold or not.
- Pastor Lindsey Williams introduces Pastor David Bowen – March 30, 2017
Pastor Lindsey Williams introduces Pastor David Bowen with his regular short weekly video for readers of Pastor Williams' weekly newsletter.
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