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 November 25, 2016 to December 1, 2016:
- WARNING: Dangerous Indicator Just Hit A New All-Time High Eclipsing Years 2007 & 2000, Prior To Crashes
This dangerous indicator just hit a new all-time high, eclipsing the years 2007 and 2000, prior to crashes. Here is what Peter Boockvar wrote today as the world awaits the next round of monetary madness: Reiterating again my bullishness on the economic agenda of our new President (ex any nationalistic trade changes that include tariffs) I will repeat that it would be naïve to analyze this in isolation when trying to quantify the full implications…
- ALERT: James Turk – The World Is About To See A Historic Shift Out Of Stocks Into Gold
As we kick off the final week of trading in November, today James Turk told King World News that the world is about to see a historic shift away from stocks and into gold. James Turk: “A lot of publicity is being given to the record highs in the stock market, Eric. The result is that people are getting very excited about the Dow Jones Industrials and the S&P 500. It is easy to sense the froth that one sees at market tops is building, which leads to an important question…
- Jim Willie Issues Financial Collapse Warning: “Fuse Has Been Lit!”
Many are the potential fuses to be lit, which would create the conflagration, the massive bonfire of the bond vanities and bank charades. Many are the fuses lying around, all criss-crossed, all exposed, all overlapping each other in highly dangerous manner. If any single fuse is lit, then several will light and the detonation arrives. It is unavoidable since the financial world is so deeply interwoven. Never in modern history has the global financial structure been so badly weakened, so totally corrupted, so thoroughly undermined by control mechanisms, so intensely defended by sanctions even war.
- Americans Cannot Comprehend the Loss of the Dollar as the World Reserve
In the following interview, Dr. Jim Willie joins John B. Wells on the Caravan to Midnight for an explosive interview that touches upon a dozen very hot thorny topics, such as politics with Trump vs Hillary, the aftermath with deep economic and financial implications, the new challenges of the Trump Administration, and numerous other areas, as it bounces from one topic to another including #PizzaGate, Podesta, Madelaine McCaine, ISIS, the Clinton Foundation, the Bundy Farm, Uranium sales, and so much more!
- Germany on a knife edge: Italian referendum sparks panic over Deustche Bank's future
DEUTSCHE Bank's share price tumbled further during Tuesday trading, as fears escalated for the lender's future ahead of Italy's referendum on Sunday. Investors have dumped stock in Germany's largest bank, taking its price down almost one per cent today, and by more than three per cent over the the last five trading sessions. Deutsche has already lost almost half its value this year, as markets fret over the bank's weakness and a looming fine from US authorities. The troubled lender is now looking vulnerable to shocks set to rip through the eurozone if Italy's Prime Minister loses a vote over Constitutional Reform on Sunday, said experts.
- The Western War On Truth — Paul Craig Roberts
The “war on terror” has simultaneously been a war on truth. For fifteen years—from 9/11 to Saddam Hussein’s “weapons of mass destruction” and “al Qaeda connections,” “Iranian nukes,” “Assad’s use of chemical weapons,” endless lies about Gadaffi, “Russian invasion of Ukraine”—the governments of the so-called Western democracies have found it essential to align themselves firmly with lies in order to pursue their agendas. Now these Western governments are attempting to discredit the truthtellers who challenge their lies.
- STRESS TESTS: Barclays, RBS and Standard Chartered found to have ‘capital inadequacies'
Royal Bank of Scotland, Barclays and Standard Chartered came up lacking in the Bank of England's stress tests. The three banks had to submit plans to the regulator detailing how they would raise capital and boost their resilience to financial shocks. “While the Prudential Regulation Authority (PRA) Board judged that some capital inadequacies were revealed for three banks (The Royal Bank of Scotland Group, Barclays and Standard Chartered), these banks now have plans in place to build further resilience,” the central bank said.
- Amazing Prophecy From 1981 Says That The U.S. Economy Will Collapse After The Death Of Fidel Castro
Four out of the five major events named in an incredible 1981 prophecy have already happened in consecutive order, and the only thing remaining to be fulfilled is “the collapse of the economic system of the United States”. On Friday, I logged into Facebook and I discovered that someone had sent me a message about a website that I had never heard about. I had a few spare minutes so I went and checked the website out and to be honest it was very poorly designed and so I only spent a moment looking at it before I moved on. Sadly, this is how things work on the Internet – if something does not capture our interest immediately we don’t have the patience to keep reading. But later I learned that this website contained a very old prophecy about the death of Fidel Castro which has very alarming implications for our near future.
- Why Are So Many Among The Elite Building Luxury Bunkers In Preparation For An Imminent ‘Apocalypse’?
Do they know something that the rest of us do not? There are tens of millions of ordinary Americans that are feeling really good about the future now that Donald Trump has won the election, but meanwhile the elite are feverishly constructing luxury bunkers at a pace unlike anything we have ever seen before. So why are so many among the elite preparing for an imminent “apocalypse” when tens of millions of other Americans are anticipating a new era of peace and prosperity? Are they smarter than most of the rest of us, or are they simply being paranoid?
- Fake News List Death Knell for MSM-Paul Craig Roberts
Economic expert and journalist Dr. Paul Craig Roberts thinks the recent publication of the so-called ‘fake news” list recently published by the Washington Post signals a major turning point for all of the mainstream media (MSM). Dr. Roberts explains, “I think this is the death knell for the mainstream media. I think this list essentially kills the credibility of the mainstream media and certainly the Washington Post. It has demonstrated it is completely devoid of any integrity. I am a former Wall Street Journal editor, and if we had done something like that, Warren Phillips would have fired every one of us. We would have been told to get out. You can’t carry on this kind of assault on people. I think this is a sign of desperation.”
- Jimmy Carter Urges Barack Obama To Divide The Land Of Israel At The United Nations Before January 20th
In an absolutely stunning editorial for the New York Times, former president Jimmy Carter has publicly called for Barack Obama to divide the land of Israel at the United Nations before Inauguration Day. While he was president, Carter negotiated peace between Israel and Egypt, and ever since that time he has been a very strong advocate for a Palestinian state. Carter is completely convinced that a “two-state solution” will bring lasting peace to the Middle East, but now that Donald Trump has been elected Carter knows that his dream of seeing a Palestinian state while he is still alive is rapidly slipping away. In a desperate attempt to salvage the situation, Carter is urging Barack Obama to take bold action while he still has the power to do so.
- Turkey Has Declared War On Syria – Does This Mean That World War 3 Is About To Erupt In The Middle East?
Turkish President Recep Tayyip Erdogan has just announced that the only reason Turkish military forces have entered northern Syria is to “end the rule of the tyrant al-Assad”. By publicly proclaiming that Turkey intends to use military force to overthrow the regime of Syrian President Bashar al-Assad, Erdogan has essentially declared war on the Syrian government. Of course this puts a member of NATO in direct military conflict with Russia, since Russia is working very hard to prop up the Assad regime. If all-out war breaks out between Turkey and Russia, could that be the spark that causes World War 3 to erupt in the Middle East? And once Turkey and Russia start fighting, would the United States and the rest of NATO be dragged into the conflict?
- The Democrats’ real strategy in launching recounts
The recount in Wisconsin, and the coming ones in Michigan and Pennsylvania will not change the outcomes in any of the states. No recount ever changes thousands of votes. I do not think that is the purpose. The recounts, if done by hand, which can be demanded, may take longer than the last day for completing the official counts in a state and directing Electoral College voters. If all 3 states miss the deadline, Trump is at 260, Hillary at 232. No one hits 270.
- Fears of multiple bank failures if Renzi loses referendum
Up to eight of Italy’s troubled banks risk failing if prime minister Matteo Renzi loses a constitutional referendum next weekend and ensuing market turbulence deters investors from recapitalising them, officials and senior bankers say. Mr Renzi, who says he will quit if he loses the referendum, had championed a market solution to solve the problems of Italy’s €4 trillion banking system and avoid a vote-losing “resolution” of Italian banks under new EU rules.
- Italian Banks Hit Again Ahead of the Looming December 4th Referendum
There may be another reason why the Euro has been so damned weak v the dollar: it might not exist for too much longer. With Le Pen from France surging in the polls and Prime Minister Renzi from Italy promising to fire himself should a drastic and very aggressive constitutional realignment fail to pass in a referendum on December the 4th, the anti EU five star movement might takeover and tell Germany to fuck off. All of this is weighing heavily on Italian stocks, one of the worst performing indexes in the world this year, off by 23% — somewhat immune to the greatness of QE and all of its grandiose splendor. To that end, Italian banks continue to slug lower, amidst acrimonious sentiment that a potential exit from the EU might lead to the ultimate destruction of an already comically overburdened and woefully undercapitalized Italian banking system.
- UN Official: The Real Reason For The Global Warming Scare Is To Kill Off Capitalism
Christiana Figueres, the executive secretary for the U.N.’s Framework Convention on Climate Change actually admitted during a news conference this month that the real goal of all the climate change propaganda is to kill off capitalism. “This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time, to change the economic development model that has been reigning for at least 150 years, since the Industrial Revolution,” Figueres stated.
- US Housing Market In Peril As “Increase In Mortgage Rates Has Shocked Consumers”
While rising treasury yields may be music to the ears of savers who have been crushed by low interest rates over the past 7 years, they're a bit of downer for the overwhelming majority of Americans that have been funding their lavish lifestyles with cheap debt. Yes, sadly the days of upgrading to the $65,000 luxury car despite a $40,000 annual salary, because you can “afford it” so long as you can cover the low monthly payments courtesy of 7-year terms and low interest rates, may finally be coming to an end. But auto OEM's aren't the only ones about to get crushed by the “normalization” of interest rate policies in the U.S. As the Wall Street Journal points out, according to the Mortgage Bankers Association, mortgage refinancings are set to drop 46% in 2017. And with many American's funding their daily expenses with “cash-out” mortgage refi's, pretty much everyone selling goods to consumers, which happens to represent about two-thirds of the economy, has reason for concern.
- Nigel Farage: I fear for my life – Ukip leader fears violent attacks every day
NIGEL Farage says he cannot leave his house without security after Brexit and Donald Trump’s US presidential election victory. The interim Ukip leader has received death threats and just last week was confronted during a night out. The revelation came as the 52-year-old Brexiteer refused to rule out backing fascist National Front leader Marine Le Pen for the French presidency. In his most explosive interview to date, the controversial MEP said he was “on the fence” over whether far-Right Eurosceptic Le Pen’s election was a price worth paying to bring down the EU, saying: “If she wins, it’s over.”
- The Hyperinflationary Endgame: Venezuela Currency Crashes 15% In One Day
Just last week we were amazed to report that the Venezuela currency, the Bolivar, had crashed below 2,000 for the first time ever, losing 50% of its value in just two months as the Venezuela hyperinflation had entered its terminal phase. As of this morning, the DolarToday.com website, maintained by a person the WSJ dubbed “Public Enemy No. 1 of Venezuela’s revolutionary government, Gustavo Díaz, a Home Depot Inc. employee in central Alabama” reports that having crossed the psychological 2,000 level just one week ago, the Bolivar has just plunged to a new all time low of 3,480.22 on the black market, dropping by 15% from its latest print of 2,972 reported on Friday of last week, and has lost 60% in its value just in the past month.
- Judge Napolitano: Enough evidence to prosecute Clinton for espionage
FNC Senior Judicial Analyst Judge Andrew Napolitano on whether Hillary Clinton could still be prosecuted over the email scandal and President-elect Donald Trump's potential picks for the Supreme Court.
- India's Modi Admits Plan Shifting Nation To “Cashless Society”
Well who could have seen this coming? Just as we noted, the slippery slope towards full government control in a cash-less society is where Indian PM Modi is heading following his chaos-creating demonetization efforts of the last two weeks. While massive opposition protests are planned tomorrow, Modi remains indignant, as Reuters reports, “we can gradually move from a less-cash society to a cashless society…this is the chance for you to enter the digital world.”
- 7 Investment Implications In A Post-Trump World
Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing. Welcome to this week's edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity. While we enjoy a good laugh, the truth is that the first step to protecting ourselves from losses is to protect ourselves from ignorance. Think of the “World Out Of Whack” as your double thick armour plated side impact protection system in a financial world littered with drunk drivers. Selfishly we also know that the biggest (and often the fastest) returns come from asymmetric market moves. But, in order to identify these moves we must first identify where they live.
- Ron Paul Lashes Out At WaPo's Witch Hunt: “Expect Such Attacks To Continue”
Washington Post Peddles Tarring of Ron Paul Institute as Russian Propaganda, via The Ron Paul Institute for Peace & Prosperity, The Washington Post has a history of misrepresenting Ron Paul’s views. Last year the supposed newspaper of record ran a feature article by David A. Fahrenthold in which Fahrenthold grossly mischaracterized Paul as an advocate for calamity, oppression, and poverty — the opposite of the goals Paul routinely expresses and, indeed, expressed clearly in a speech at the event upon which Fahrenthold’s article purported to report. Such fraudulent attacks on the prominent advocate for liberty and a noninterventionist foreign policy fall in line with the newspaper’s agenda. As Future of Freedom Foundation President Jacob G. Hornberger put it in a February editorial, the Post’s agenda is guided by “the interventionist mindset that undergirds the mainstream media.”
- Italy: The Biggest Elephant Jeopardizing Europe and the Euro
Not just the euro, but the entire European Union may be in jeopardy next week when the Italians vote on a constitutional referendum initiated by Prime Minister, Matteo Renzi. What a Jubilee year it has been. First Brexit, then Trump and now it appears Italy is on the cusp of also escaping the grasp of the European Union. After two years of directly covering trends involved with the disintegration of Western culture in my book Shemitah Trends, I can say with confidence that what has been built up is being torn down. That includes the European Union which will either gradually or abruptly collapse into various pieces.
- Breaking News on the War on Cash: Now Spain
India, Uruguay, Australia and now Spain. The Minister of Finance and Public Service, Cristóbal Montoro has reportedly just announced “anticipated measures in order to ‘reduce the use of cash.’ In other words, Spain is going to make cash transactions even more difficult. As of presstime, from what we can tell, this has yet to be reported anywhere in English media except here now at TDV. As you can see, the chaos is increasing. Combine cash bans with attacks on fake news (more on that tomorrow), and you end up disturbing a significant amount of people as we wrote here recently.
- Hit by Global Turmoil, Banks in Spain Get Jittery (Again)
Banking stocks in Europe continue to benefit from the gravitational pull exerted by the so-called Trump effect. But the effects have not been felt universally. Monte dei Paschi di Siena, which is at the center of Italy’s banking crisis, has been reduced to a penny stock. The shares of Italy’s other large banks continue to trend downwards. And the problems in other national banking sectors have not gone away; they’ve just been consigned to the background. Such is the case in Spain, where the risks and challenges in the country’s banking system continue to bloom.
- Shipbuilding in Japan, Korea, China Collapses in Death Spiral of Orders
New orders received by Chinese shipyards – now infamous for undercutting competitors and sinking into bankruptcy – have plunged 58.5% so far this year through October, compared to last year, according to shipping industry data provider BIMCO, cited by the Nikkei. At South Korean shipyards, which include the three largest in the world, orders have plunged 84.2%; at Japanese shipyards, 90%.
- Trump is meeting with an ex-bank CEO who wants to abolish the Federal Reserve and return to the gold standard
As President-elect's Donald Trump's transition rolls on, more and more attention is being paid to possible selections for a variety of high-ranking positions and meetings that might help decide these appointments. On Monday, Trump will meet with John Allison, the former CEO of the bank BB&T and of the libertarian think tank the Cato Institute. There have been reports that Allison is being considered for Treasury secretary.
- Profits over People: How Big Pharma’s Money Affects Our Health and Wallets
Earlier this month, I posted two articles on Big Pharma, back to back. The first one was my classic approach: How PE Firms Are Flipping Drugs in Price-Gouging Scheme that Cannibalizes the Entire US Economy (with 109 great comments). The second one was coincidence. The digital ink wasn’t dry on the first article, when its was revealed that the Justice Department was getting antsy: “More than a Dozen” Drugmakers under Criminal Investigation for Price-Fixing, Shares Plunge, after Getting Crushed All Year (56 great comments). But as always, there’s more to it. Here are some hard numbers from a different angle that shed a lot of light on how the industry works.
- Black-Friday Woes: The Death of the Department Store
Black Friday is when you’re supposed to shop till you drop. It kicks off the holiday selling season. No season is more sacred for retailers. They’re expected to do about 40% of their annual sales in those few weeks till Christmas. The National Retail Federation is bubbling over with enthusiasm, expecting holiday sales to grow 3.6% this year to $656 billion. Since Trump has won the election, consumer optimism about the economy has surged, and this is expected to be one hot holiday selling season.
- Black-Friday-Weekend Woes End “Trump Effect”
Since Trump’s victory, stocks have soared in magic anticipation that the economy would somehow suddenly rise from its languid state and reach escape velocity. Consumer confidence has jumped, even according to Gallup’s Economic Confidence Index whose defining aspect over the years has been its daunting negativity [The Trump Effect on Americans’ Perception of the Economy]. And the National Retail Federation had gushed recently that spending would rise 3.6% this holiday selling season, compared to last year. And we may still get that, but miracles have become scarce and hard to come by these days.
- Short-Term Negative Long-Term Positive-Catherine Austin Fitts
Investment advisor Catherine Austin Fitts sums up what happened with the election of Donald Trump by saying, “It’s amazing because if you look at the faction that wanted to sacrifice the United States for empire, you basically had Washington, Wall Street, Silicon Valley and Hollywood. What they have done for the last 20 years is they have used the corporate media to create this color revolution, soft revolution, which is really a front so the 1% can control. The reality is if you look at what they were doing to destroy the United States, you just had an enormous, very wide group of people say enough. We did a discussion of the election several months ago, and I said if the right people in the military intelligence get behind Trump, he could win, and I think that’s exactly what happened. . . . I think the intelligence agencies understand that you cannot leave people to do what needs to be done with people that are used to printing all the funny money they want and have no clue how the economy works. . . . I had no idea how completely ignorant Hillary Clinton was of the whole fundamental economics of the situation. It’s because she’s been operating with cheap and free money for decades. I think the intelligence agencies were trying to assert adult supervision of the situation.”
- Shocking: Trump Fills Cabinet With Council on Foreign Relations War Hawks
All due respect to Donald Trump supporters, partially because I am one, but I can’t help but notice I’m seeing many of the same characteristics in some of Trump’s more ‘rabid’ fan base that were also one of the key defining characteristics present in Obama’s ‘rabid’ fan base. Because certain supporters have put Trump up on a pedestal, much the way many of the Obamabots did before them, those same people are usually completely incapable of being objective, or calling out their candidate when something is wrong, or the candidate pulls a total 180 from something they campaigned on.
- This Is Going To Rock The World And Bring Countries To Their Knees
On the heels of a brutal multi-week smash in the gold and silver markets and with bonds collapsing and interest rates soaring, this is going to rock the world and bring countries to their knees. Egon von Greyerz: “The state of the derivatives market is very interest rate dependent and is going to be impacted by higher interest rates, which will come in the coming months and years. They are going a lot higher. Interest rates are going into the teens (13+%) regardless of what happens to the economy. Of course that will mean that the derivative market will not survive. The debt market is the biggest bubble in the world. We are talking about a total debt market of $150 trillion. That market is going to collapse and that collapse will start as money printing increases. Gold could therefore go a lot higher than anybody realizes. I’m still standing by my $10,000 price target for gold in today’s money, but there is no chance…
- As Massive Bond Bubble Implodes, Is It About To Trigger A Major Move In Gold, Silver, And The Canadian Dollar?
Is the 34-year bull market in U.S. bonds over? And how will this impact gold, silver, and the Canadian dollar? Fitzpatrick also noted the November 2015 high of 2.37%, and the 2015 high of 2.5% on the U.S. 10-Year yield. Fitzpatrick stated, “A break above those levels (noted on the chart above) would open the way to the 3.00-3.05% area which was the ‘taper tantrum’ peaks.” Of course this would mean much higher mortgage rates, which would weaken prices of real estate.
- Castro Was Not Who You Thought He Was
Castro is dead, but he achieved his purpose, which was to aggravate the Cold War, provide a test case for communism and frighten people about incipient nuclear missile exchanges. His passing marks the end of the first phase of the Cold War. Now it is very obvious that a second phase is being prepared. Tensions between Russia and the US are being continually heightened… and no, they are still ongoing even with the election of Trump who, under the guidance of Henry “War Criminal” Kissinger, has pledged his full support for NATO while Putin has replied that he will crush NATO. These tensions are mainly initiated by the US and Britain. In other words it is the Anglosphere that has been responsible for so many wars including the World Wars. Castro provides us with an example of how these trends – which we regularly analyze – work.
- 2016′s Worst Black Friday Fights While Shopping
If the 2016 election taught us anything, it is that our country’s government is a cesspool of corruption, and if Obama’s presidency taught us anything, it was that the country no longer should have a “moral compass” to guide us, because after all, who’s to say what is moral, right? [eyes rolling] n his latest video, YouTuber Jason A shows video footage of Americans at their worst. During a time when people are shopping for special loved ones in their lives, for gifts during a season that is supposed to be special, on Black Friday people seem to lose sight of the things that are truly important in life, as you’re about to see.
- College Students Demand Police Investigate “Suck It Up, Pussies” Post-It Note As Hate Crime
Today we learn of yet another campus full of disaffected Hillary snowflakes who were triggered by a post-it note suggesting that they should stop whining about the election and just “suck it up, pussies.” This latest example comes to us from Edgewood College in the ultra-liberal bastion of Madison, Wisconsin via Campus Reform. Apparently the simple post-it note was determined to be a “hate crime” by the college's “diversity offices” and students with knowledge of the incident were encouraged to contact campus police. To our complete shock, a message from Edgewood's Vice President for Student Development pinned the blame for the “hate crime” on Trump, saying that it is part of a growing trend of “covert micro-aggressions and overt macro-aggressions” that have “taken on new fervor in higher education since our national election.”
- What It Feels Like To Be Homeless For The Holidays In America
Could you imagine spending the holidays in a homeless shelter, in a tent city surrounded by drug addicts and prostitutes, or in a sleeping bag on the cold, hard streets of an urban jungle? Unfortunately, that is what real life looks like for an increasing number of Americans. Most of the time when we think of “homeless people”, the image that comes into our minds is one of a grizzled old man asking for some spare change, but the truth is that vast numbers of women and children in our country do not have anywhere to live. In fact, Poverty USA has reported that last year a grand total 1.6 million U.S. children stayed either in a homeless shelter or in some other form of emergency housing. And you never hear the mainstream media report this number, but the truth is that the number of homeless children in the United States has risen by 60 percent since the “end” of the last recession. For the moment the wealthy are getting wealthier, but meanwhile things have just continued to get harder and harder for those that are struggling to survive in this economy.
- 12 Signs Of Extreme Optimism In America Now That Donald Trump Has Been Elected
The election of Donald Trump has brought a giant wave of optimism to conservative America unlike anything that we have seen since probably the days of Ronald Reagan. Millions of Americans that were once deeply pessimistic about the future of this country now have hope again thanks to what many consider to be the greatest miracle in the history of U.S. politics. And just like so many of the pre-election polls, the predictions about how the nation would immediately respond to a Trump victory have turned out to be completely wrong as well. Instead of a historic stock market crash as many in the mainstream media were projecting, we have seen an unprecedented stock market rally in the days following Trump’s win. Instead of an immediate economic downturn, many economic indicators have surged to their highest levels in quite some time in recent weeks. And instead of feeling gloomy about the future, many Americans are feeling really good about what is ahead for the first time in a very long time.
- Record Run into Gold and Silver Coming-David Morgan
Precious metals expert David Morgan says trillions of dollars of negative interest rate paying bonds is a sign we are getting close to another financial calamity bigger than the last. Morgan explains, “Now, as everyone knows, we are even at negative interest rates, and people are buying into this. They are guaranteed to get less back. . . . This is the upside-down world we are living in. This is the scientific planet that is our reality. So, this is the reason you will see a run to the dollar before you see a run to gold.
- Half Of The Population Of The World Is Dirt Poor – And The Global Elite Want To Keep It That Way
Could you survive on just $2.50 a day? According to Compassion International, approximately half of the population of the entire planet currently lives on $2.50 a day or less. Meanwhile, those hoarding wealth at the very top of the global pyramid are rapidly becoming a lot wealthier. Don’t get me wrong – I am a very big believer in working hard and contributing something of value to society, and those that work the hardest and contribute the most should be able to reap the rewards. In this article I am in no way, shape or form criticizing true capitalism, because if true capitalism were actually being practiced all over the planet we would have far, far less poverty today. Instead, our planet is dominated by a heavily socialized debt-based central banking system that systematically transfers wealth from hard working ordinary citizens to the global elite. Those at the very top of the pyramid know that they are impoverishing everyone else, and they very much intend to keep it that way.
- Washington Post Names Drudge, Zero Hedge, & Ron Paul As Anti-Clinton “Sophisticated Russian Propaganda Tools”
The desperate flailing of a mainstream-media struggling through the five stages of grief continues as no lesser unbiased foundation of the fourth estate than The Washington Post pushes ahead with its “fake news, blame the Russians” narrative for why their candidate failed so miserably. Citing “two teams of independent researchers” (who surely have a substantial libel litigation provision) who found “Russia’s increasingly sophisticated propaganda machinery… echoed and amplified right-wing sites across the Internet as they portrayed Clinton as a criminal,” the Jeff Bezos-owned website names Drudge, Zero Hedge, and The Ron Paul Institute and countless other outlets among the “useful idiots” that true American patriots should be wary of.
- Election Not Over? Money Is Being Raised To Challenge The Election Results In Wisconsin, Michigan And Pennsylvania
Just when you thought it was safe to celebrate Trump’s victory, the left is hatching a plan to try to steal the election right from under his nose. A group composed of “prominent computer scientists” and “election lawyers” is urgently asking the Clinton campaign to challenge the election results in Wisconsin, Michigan and Pennsylvania. They claim that there is “persuasive evidence” that the election results in those states were “manipulated or hacked”, and they are pushing Clinton to file formal challenges to those results while there is still time to do so. As I write this article, the final result in Michigan could still go either way, and if Hillary Clinton does end up winning Michigan all she would have to do would be to flip the results in Wisconsin and Pennsylvania to become the next president of the United States.
- Wisconsin to recount presidential votes
Wisconsin will undertake a recount of its presidential election votes after two requests from third-party candidates. Green Party nominee Jill Stein filed her request just before the deadline Friday afternoon, the Wisconsin Elections Commission announced. Reform Party candidate Rocky De La Fuente also filed for a recount. “We are standing up for an election system that we can trust; for voting systems that respect and encourage our vote, and make it possible for all of us to exercise our constitutional right to vote,” Stein said in a statement.
- Electoral college must not elect Donald Trump unless he sells his business, say Obama and Bush's ethics lawyers
The former ethics lawyers for president Barack Obama and George W Bush have asked the electoral college to not appoint Donald Trump as the next president due to his potential conflicts of interest. Richard Painter, former chief ethics counsel for Mr Bush, and Norman Eisen, former chief ethics counsel for Mr Obama, said that the president-elect must sell out from his real estate and business holdings before 19 December, when the electoral college officially appoints the next president.
- Instead Of Black Friday Materialism, Thanksgiving Weekend Should Be A Time To Live, Laugh And Love
On Friday, hordes of desperate zombies were spotted desperately trying to save a few dollars on toys, apparel and cheaply made electronic goods all over America. Seemingly oblivious to the fact that virtually all of these goods were made outside of the United States in nations where it is legal to pay slave labor wages, these zombies often clashed violently with one another over items such as soap, toilet paper and jumbo-sized televisions. Black Friday puts the worst excesses of American materialism on display for the whole world to see, but most Americans don’t seem to care how pathetic we appear to be to the rest of the planet. The only thing that most Americans know is that it is “the holiday season”, and so now it is time to spend, spend, spend even if it means going into crippling amounts of credit card debt.
- ‘We can't be choosy': Mexican cement company executive says he'll HELP Trump build his border wall
A Mexican cement maker is ready to lend its services to President-elect Donald Trump to build the wall he wants to erect on the southern border of the United States to curb illegal immigration. ‘We can't be choosy,' Enrique Escalante, Chief Executive Officer of Grupo Cementos de Chihuahua said in an interview with Reuters. ‘We're an important producer in that area and we have to respect our clients on both sides of the border.'
- Paul Craig Roberts Asks “What If Trump Fails?”
Did Donald Trump win the election because he is a racist and misogynist and so are the American people? No. That’s BS from the Oligarchs’ well-paid whores in the media, “liberal progressive” activist groups, think tanks and universities. Did Trump win because he stole the election? More BS. The Oligarchs controlled the voting machines. They failed to steal the election, because the people outsmarted them and told the pollsters that they were voting for Hillary. This led to the presstitutes’ propaganda that Hillary was the certain winner, and the Oligarchs believed their own propaganda and didn’t believe it necessary to make certain of their victory. Trump won the presidency because he spoke directly and truthfully to the American people, telling them what what they knew to be true and had never before heard from any politician.
- Dollar Shortage Goes Mainstream: When Will The Fed Confess?
Last week we posted the report by ADM ISI's Paul Mylchreest “Dollar Liquidity Threat is Getting Critical and the Fed is M.I.A” which summarized some of the key points in the ongoing, second phase of global dollar shortage, profiled here first in the start of 2015 and validated recently by the BIS. We discussed the bitter (and all too predictable) irony that the Federal Reserve doesn’t “get it”, having recently declared that that liquidity in financial markets was “adequate.” It isn't. More than 68,000 hits later, we suspect that many ZH readers are tracking the dollar liquidity crisis (and Fed ignorance) via the negativity in Cross Currency Basis Swaps (CCBS). The 3-month Yen/Dollar CCBS has made a new low of 81.75 bp (swapping Yen into dollars for 3 months costs 81.75bp annualised above covered interest parity) implying that the structural dollar shortage is deteriorating.
- All Aboard The Post-TPP World
A half-hearted near handshake between US President Barack Obama and Russian President Vladimir Putin before and after they spoke «for about four minutes», standing up, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Lima, Peru, captured to perfection the melancholic dwindling of the Obama era. A whirlwind flashback of the fractious relationship between Obama and «existential threats» Russia and China would include everything from the Washington-sponsored Maidan in Kiev to Obama’s «Assad must go» in Syria, with special mentions to the oil price war, sanctions, the raid on the ruble, extreme demonization of Putin and all things Russian, provocations in the South China Sea – all down to a finishing flourish; the death of the much vaunted Trans-Pacific Partnership (TPP) treaty, which was reconfirmed at APEC right after the election of Donald Trump.
- How Much Government Debt Rests Upon Your Shoulders?
With the U.S. National Debt closing in on the $20 trillion mark, there has been a lot of conversation in Washington about debt and its role in government. And most of that conversation right now revolves around President-elect Donald Trump. On one hand, the Trump campaign had early rhetoric in the Presidential campaign that the elimination of the deficit and existing government debt would be paramount if elected. The Trump administration has also been highly critical of the Federal Reserve, saying that the Fed’s policies create a “false economy”. As a result, some see Trump embracing the unique opportunity to put his stamp on how the Federal Reserve does business in early 2017.
- Indian Currency Crashes To Record Low As Cash Exchange Of Old Notes Suspended
It appears the social unrest, economic collapse, and currency crisis sparked by Indian PM Modi's decision to demonetize “corrupt” high-denomination bank-notes was not enough. As the Rupee crashed to a record low overnight, officials announced a suspension of the exchange of ‘old notes' as of tomorrow to, in their words, “encourage people to deposit old notes in their bank accounts.” With as much 60% of banknotes still un-exchanged, we suspect chaos will be the operative word for the immediate future. Those with old notes will still be allowed to deposit them into their bank accounts until Dec. 31, but not permitted to do outright exchanges.
- ECB Warns There Is “Significant Risk Of Abrupt Market Reversal”
One week after the BIS issued an unexpectedly stern, if completely ignored warning, that the surge in the USD is leading to an abrupt tightening in financial conditions around the globe, making the repayment of trillions in USD-denominated cross-border debt increasingly more difficult and suggesting that the Dollar index itself is the new “fear indicator”, overnight another central bank, the European Central Bank warned that the risk of “abrupt” global asset market corrections “have intensified” on the back of rising political uncertainty, posing a threat to banks, stability and economic growth. “More volatility in the near future is likely and the potential for an abrupt reversal remains significant amid heightened political uncertainty around the globe and underlying emerging market vulnerabilities,” the ECB wwarned in its twice-yearly Financial Stability Review published on Thursday.
- Donald Trump says he believes there is ‘some connectivity’ between humans and climate change in major U-turn
It is hard to keep up with the pace of change in the mind of Donald Trump. Just hours after announcing he was not going to pursue an investigation of Hillary Clinton over her use of a personal email server, he indicated another important U-turn – this time in regard to climate. During the campaign, Mr Trump has suggested climate change was nothing more than a “hoax”, and that the so-called myth may have been started by the Chinese.
- Chile, Peru to join China-led trade partnership
China appears to be making headway at the Asia-Pacific Economic Cooperation (APEC) summit in Lima, Peru as more countries fear the demise of Washington’s trade initiative and seek to sign on to Beijing’s Regional Comprehensive Economic Partnership (RCEP). Late on Sunday, Chinese officials said that Peru and Chile had signaled interest in joining the RCEP. The flight from President Barack Obama’s Trans-Pacific Partnership (TPP) comes as the gathering of 21 leaders appears to been overshadowed by one man who isn’t even attending the proceedings. Statements by President-elect Donald Trump about reversing US free trade commitments and policies have unnerved many global leaders who feel decades of negotiations are about to be undone.
- Iran And Russia Continue To Strengthen Oil Ties
Three Russian companies have signed contracts for oil field development with the National Iranian Oil Company, a senior NIOC manager told media. Gholam-Reza Manouchehri, deputy managing director of NIOC, said the companies were Lukoil, Tatneft, and Zarubezhneft. The contracts are the latest demonstration of the ever-closer ties between Moscow and Tehran, especially in energy. Since January, when most economic sanctions on Iran were lifted, the country has been in a rush to revive its energy industry, after four years of barely making ends meet. For this, it needs the assistance of foreign companies with production know-how and infrastructure investments.
- Trump’s Opponents See Normal Americans as Deplorables — Paul Craig Roberts
I guess we have all noticed that the holier-than-thou groups who whined that Trump wasn’t going to accept the outcome of the election refuse to accept it themselves. Because I was critical of the George W. Bush regime, the liberal-progressive-leftwing and homosexual/transgendered rights groups have me on their mailing lists. And it is unbelievable. The entirety of “the other America” refuses to accept the people’s decision. They think that their concerns are more important than the concerns of the American people, who they regard as nothing but a collection of racist homophobic rednecks.
- The Great Con: Political Correctness Has Marginalized the Working Class
So when the protected class of well-paid institutional “progressives” speak darkly of “reversing 40 years of social progress,” what they’re really saying is we’re terrified that the bottom 95% might be waking up to our Great Con of identity politics and political correctness. To understand the Great Con of political correctness, we must first grasp the decline of the working class (self-described as “the middle class”), i.e. those who must sell their labor to earn their livelihood.
- EU Parliament wants to freeze Turkey membership talks
The European Union's legislature is asking the bloc to freeze membership negotiations with Turkey over the government's heavy-handed crackdown following a failed coup in July. The European Parliament approved a non-binding resolution Thursday asking the 28-nation EU “to initiate a temporary freeze” on talks with Ankara until “disproportionate measures under the state of emergency in Turkey are lifted.” Anticipating the vote, Turkish President Recep Tayyip Erdogan said Wednesday that his country's “struggle for its stability and future won't be interrupted by (European legislators') raising and lowering their hands.”
- Veterans to deploy for Standing Rock
On December 4, hundreds of veterans plan to “deploy” to Standing Rock Indian Reservation in North Dakota to join in protest against the planned Dakota Access Pipeline. The event, Veterans Stand for Standing Rock, is a call for veterans to “assemble as a peaceful, unarmed militia” to “defend the water protectors from assault and intimidation at the hands of the militarized police force and DAPL security.” The organizers hope to prevent progress on the construction of the pipeline as well as draw national attention to the cause.
- Pastor Lindsey Williams introduces Pastor David Bowen – November 24, 2016
Pastor Lindsey Williams introduces Pastor David Bowen with his regular short weekly video for readers of Pastor Williams’ weekly newsletter.
- About that “Fair Share”
There are two words that kept coming up over and over again over the last 20+ months during the US Presidential circus: “fair share”. Hardly a day went by without hearing that certain taxpayers “need to pay more of their fair share.” It sounds really great, and given the voter statistics, this idea resonated with tens of millions of people. After all, who could possibly be against fairness? When you dive into the numbers, however, the data doesn’t support this assertion at all. According to IRS figures, households that earn more than $1 million annually, roughly 0.4% of all taxpayers, pay a total of $364 billion in federal income tax. This amounts to roughly 27% of all the US federal individual income tax that’s collected. So in other words, the top 0.4%, pays 27% of the total tax bill.
- This Is The Real Reason Why The Public Is Broke And The Middle Class Is Being Destroyed
As we kick off the fourth week of trading in November, this is the real reason why the public is broke and the middle class is being destroyed. James Turk: “It is good to see gold and silver starting the week in a positive way with their prices stabilizing, Eric. When you look at the recent dip in prices, it’s been a rough couple of weeks. But then again, when you see distortions like backwardation in the market, it is a good time to buy…
- Look At This Shocking Preview Of How Devastating The Coming Worldwide Financial Destruction Will Be
On the heels of another wild week, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, spoke with King World News about how devastating the coming worldwide financial destruction will be. World Will See Devastating Global Financial Destruction. Egon von Greyerz: “Very few people realize the enormous wealth transfer that will take place in the next 5 years. Most will lose 75-90% of their wealth and some 100%. What is interesting is that investors needn’t lose most of their money if they took a few measures to protect their fortune. I often speak to Family Offices who built fortunes from the $100s of million to many billions. Without exception, they believe that it is there skill in building a business or investing that has created these fortunes. It clearly requires a lot of skill and a bit of luck to build a sizable fortune. But the magnitude of wealth today is not due to investment skills but the enormous creation of credit and money printing that the world has experienced since the creation of the Fed in 1913. This has created a global growth in asset values of unparalleled proportions…
BREAKING NEWS: December 2016 – Nathan Shepard is a Bible scholar with a background in theology and archaeology. He has spent more than 17 years studying the ancient scriptures and how the words of the prophets became historical fact over time. Now, his spine chilling theory links present times events to Bible prophecies in a clear and concise way… and foretells a very sinister future for the US. From that moment on, he decided that he must become a survival expert, train and prepare for the worst disaster in human history…