Friday, October 31, 2014

How Long Can The Top 10% Households Prop Up The “Recovery”?

Charles Hugh-Smith
OfTwoMinds blog

October 31, 2014

The question of “recovery” really boils down to this: how much longer can the top 10% prop up the expansion?
A flurry of recent media stories have addressed housing unaffordability, for example Why Middle-Class Americans Can’t Afford to Live in Liberal Cities.
The topic of housing unaffordability crosses party lines: Housing Ownership Back to 1995 Levels (U.S. Census Bureau).
Other stories reflect an enduring interest in the questions, what is a living wage?and what is a middle-class income? These questions express the anxiety that naturally arises from the sense that we’re sliding downhill in terms of our purchasing power–a reality that is confirmed by this chart: 

Why Middle-Class Americans Can't Afford to Live in Liberal Cities

The Atlantic
by Derrek Thompson
Oct 29, 2014

Blue America has a problem: Even after adjusting for income, left-leaning metros tend to have worse income inequality and less affordable housing.

Continue reading here:

VIDEO: The Liberal "Utopia" Is A Living Hell Hole!

VIDEO: Financial Expert Says US Economic Collapse Is Imminent‬ - The Crash Is Coming!‬

VIDEO: Greg Hunter 10/31/14. No Ebola Quarantine, Greenspan says Buy Gold, Obama Care Update

Thursday, October 30, 2014

From This Day Forward, We Will Watch How The Stock Market Performs Without The Fed’s Monetary Heroin

Michael Snyder
Economic Collapse
October 30, 2014

Mark this day on your calendars.  The Dow is at 16974, the S&P 500 is at 1982 and the NASDAQ is at 4549.  From this day forward, we will be looking to see how the stock market performs without the monetary heroin that the Federal Reserve has been providing to it.  Since November 2008, the Fed has created about 3.5 trillion dollars and pumped it into the financial system.  An excellent chart illustrating this in graphic format can be found right here.  Pretty much everyone agrees that this has been a tremendous boon for the financial markets.  As you will see below, even former Fed chairman Alan Greenspan says that quantitative easing was “a terrific success” as far as boosting stock prices.  But he also says that QE has not been very helpful to the real economy at all.  In essence, the entire quantitative easing program was a massive 3.5 trillion dollar gift to Wall Street.  If that sounds unfair to you, that is because it is unfair.
So why is the Federal Reserve finally ending quantitative easing?
Well, officially the Fed says that it is because there has been so much improvement in the labor market
The Fed’s language, however, did suggest that they were getting more comfortable with the economy’s improvement. It cited “solid job gains,” citing a “substantial improvement in the outlook for the labor market,” as well as pointing out that “underutilization” of labor resources is “gradually diminishing.”
But that is not true at all.
The percentage of Americans that are working right now is about the same as it was during the depths of the last recession.  Just check out this chart…

Continue reading  here:

VIDEO: 25 Year Great Depression Coming Soon!

Monday, October 27, 2014

VIDEO: X22 Report 10/25/14. Current Economic Collapse News Brief - Episode 502 & 501

How Will The Stock Market React To The End Of Quantitative Easing?

Michael Snyder
Economic Collapse
October 27, 2014

It is widely expected that the Federal Reserve is going to announce the end of quantitative easing this week.  Will this represent a major turning point for the stock market?  As you will see below, since 2008 stocks have risen dramatically throughout every stage of quantitative easing.  But when the various phases of quantitative easing have ended, stocks have always responded by declining substantially.  The only thing that caused stocks to eventually start rising again was a new round of quantitative easing.  So what will happen this time?  That is a very good question.  What we do know is that the the performance of the stock market has become completely divorced from economic reality, and in recent weeks there have been signs of market turmoil that we have not seen in years.  Could the end of quantitative easing be the thing that finally pushes the financial markets over the edge?
After all this time, many Americans still don’t understand what quantitative easing actually is.  Since the end of 2008, the Federal Reserve has injected approximately 3.5 trillion dollars into the financial system.  Of course the Federal Reserve didn’t actually have 3.5 trillion dollars.  The Fed created all of this money out of thin air and used it to buy government bonds and mortgage-backed securities.
If that sounds like “cheating” to you, that is because it is cheating.  If you or I tried to print money, we would be put in prison.  When the Federal Reserve does it, it is called “economic stimulus”.
But the overall economy has not been helped much at all.  If you doubt this, just look at these charts.
Instead, what all of this “easy money” has done is fuel the greatest stock market bubble in history.
As you can see from the chart below, every round of quantitative easing has driven the S&P 500 much higher.  And when each round of quantitative easing has finally ended, stocks have declined substantially

Continue reading here:

IRS Can Seize Bank Accounts on Suspicion With No Crime Committed

VIDEO: Greg Hunter 10/27/14. Andy Hoffman-Fed’s Biggest Fear-Loss of Confidence in Dollar

Sunday, October 26, 2014

VIDEO: The Fall Of McDonalds

Goldman and Blackstone Enter Spanish Real Estate – Pain and Suffering for Poor People Immediately Ensues

Michael Krieger
Liberty Blitzkrieg
October 25, 2014

Last year Madrid’s city and regional governments sold almost 5,000 rent-controlled flats to private equity investors including Goldman Sachs and Blackstone. At the time, the tenants were told their rental conditions would remain the same.
But as old contracts expire, dozens of people have received demands for higher rent, been told their rents will increase dramatically, been threatened with eviction or moved out to escape the insecurity. Thousands of Spain’s poor now depend for their homes on the generosity of private equity.
- From today’s Reuters article: Why Madrid’s Poor Fear Goldman Sachs and Blackstone
Less than a month ago, I warned the people of Spain that U.S. financial oligarchs had their sights set on the nation. The post was titled, Your Wall Street Slumlord Arrives in Europe – Goldman and Other Financial Firms Launch “Buy to Rent” in Spain, and in it I wrote:

Now that the financial oligarchs have had their way with the U.S. property market, to the point that average citizens can’t even afford to own a home (Zillow recently showed that 1 in 3 homes are unaffordable), it appears they have turned their sights overseas. What better market for bailed-out bankers to feast on than Spain, with its 50%+ youth unemployment rate and a continued depressed real estate market.
It didn’t take long for the results to be felt. Reuters published an article on the topic today. Here are some excerpts:
(Reuters) – Last year Madrid’s city and regional governments sold almost 5,000 rent-controlled flats to private equity investors including Goldman Sachs and Blackstone. At the time, the tenants were told their rental conditions would remain the same.
But as old contracts expire, dozens of people have received demands for higher rent, been told their rents will increase dramatically, been threatened with eviction or moved out to escape the insecurity. Thousands of Spain’s poor now depend for their homes on the generosity of private equity.
Jamila Bouzelmat is one of them.
The mother of six lives in a four-bedroom flat on the outskirts of the Spanish capital that was bought jointly by Goldman and a Spanish firm.The 44-year-old said that until March her family paid 58 euros ($73) a month in rent out of her husband’s 500-euro unemployment benefit. In April, her bank statement shows, her new landlords suddenly took 436 euros from her bank account.
She discovered the payment when she tried to pay an electricity bill.
“We went to take money out and there wasn’t a cent left in the bank,”she said, her 18-month-old daughter playing at her feet. She got charity hand-outs to feed her children, aged between 18 months and 19 years, and now lives in fear of the rent bill. Goldman declined to comment.
In the buildings sold to the funds, Reuters has spoken to more than 40 households who face similar difficulties. They include some of Madrid’s most vulnerable people: an unemployed single mother of five with a severely disabled daughter, for example, and an HIV patient with one lung. Both faced evictions that were temporarily halted at the last minute.
There is no suggestion the buyers have acted illegally. Having bought around 15 percent of Madrid’s publicly held social housing, the new owners are simply exercising their right to charge commercial rents once reduced rents that tenants have paid expire.
When boom turned to bust in 2008, Spain’s budget for housing collapsed. It was 1.4 billion euros in 2008 and is now 800 million. That left local governments scrambling to cut costs, and eyeing privatizations.To lure foreign investors, Madrid overhauled rental laws, making it easier for landlords to evict non-paying tenants. It worked: Investment in Spanish real estate increased 12-fold last year to 5.2 billion euros.
Taking an average size of around 70 square meters for the flats sold,Goldman and Blackstone and their Spanish partners paid around 970 euros per sq m for the properties. Flats in Vallecas sell for around 2,000 euros per sq m, real estate agent websites show – about 200,000 euros for a 100-sq-km home. “The price per unit was very cheap,” said Fernando Encinar of Madrid-based real estate agent Idealista. “In any market, if you buy in volume you get a good price.”
See how this game works? Financial oligarchs always get access to free money from Central Banks, as well as discounts during privatizations, and then turn around and demand the plebs pay the market rate.
Unemployed hairdresser and mother-of-three Yasmin Rubiano lives in a flat now owned by Goldman and Azora. Rubiano said she stopped getting a printed rent bill once her reduced rent of 50 euros per month ended in December, but got no word from the new owners.
In January she started to receive monthly text messages from her bank, which she showed a reporter, advising that it had received a demand for 498.18 euros. She has been paying 100 euros a month to show goodwill, but cannot pay more. In March, Rubiano said, she received a letter from Encasa Cibeles demanding full payment or threatening legal action.
On Aug. 6, the 20 tenants in Arriba’s block signed new contracts with Fidere, some of them seen by Reuters, which stipulate a rise of more than 40 percent in rent over three years. Blackstone referred inquiries to Fidere.
Some local politicians say IVIMA acted illegally by selling the flats cheap. IVIMA Director Ana Gomendio declined to comment.
Wolves will always eat sheep, and until the sheep decide enough is enough, the wolves will continue to feast.

Law Lets I.R.S. Seize Accounts on Suspicion, No Crime Required

NY Times
October 26th, 2014

For almost 40 years, Carole Hinders has dished out Mexican specialties at her modest cash-only restaurant. For just as long, she deposited the earnings at a small bank branch a block away — until last year, when two tax agents knocked on her door and informed her that they had seized her checking account, almost $33,000.
The Internal Revenue Service agents did not accuse Ms. Hinders of money laundering or cheating on her taxes — in fact, she has not been charged with any crime. Instead, the money was seized solely because she had deposited less than $10,000 at a time, which they viewed as an attempt to avoid triggering a required government report.
“How can this happen?” Ms. Hinders said in a recent interview. “Who takes your money before they prove that you’ve done anything wrong with it?”
The federal government does.
Using a law designed to catch drug traffickers, racketeers and terrorists by tracking their cash, the government has gone after run-of-the-mill business owners and wage earners without so much as an allegation that they have committed serious crimes. The government can take the money without ever filing a criminal complaint, and the owners are left to prove they are innocent. Many give up.

Full article here

Sunday, October 5, 2014

More Bad News From The Jobs Front

Paul Craig Roberts
October 4, 2014

The Bureau of Labor Statistics headline this morning reads: “Payroll employment increases by 248,000 in September; unemployment rate declines to 5.9%.”
How can this be? As I reported yesterday, US corporations are investing in buying back their own stocks, not in new business ventures that produce new jobs.
According to the Census Bureau’s Poverty Report, US real median family income has declined to the level of twenty years ago.
Consumer credit and real retail sales are not growing. Construction is limited to rental units. Construction shows 16,000 new jobs, half of which are “specialty trade contractors” or home remodelers.
The payroll jobs report lists 35,300 new jobs in retail trade. How is this possible when J.C. Penny’s, Macy’s, Sears, and the dollar store chains are in trouble and closing stores, and shopping centers are renting space by the day or hour?
At a time when there is a surfeit of office buildings and only 500 new jobs in “heavy and civil engineering construction,” the jobs report says 6,000 new jobs have been created in “architectural and engineering services.” What work are these architects and engineers doing?
The 4,900 computer systems jobs, if they exist, are likely short-term contracts from 6 to 18 months. Those who have the jobs are not employees but “independent contractors.”

The payroll jobs report gives an unusually high number–81,000–of “professional and business services” jobs of which 60,000 are “administrative and waste services,” primarily “temporary help services.”
“Health care and social assistance” accounts for 22,700 of the new jobs, of which 63 percent consist of “ambulatory health care services.”
“Performing arts and spectator sports” gave the economy 7,200 jobs, and 20,400 Americans found employment as waitresses and bartenders.
State governments hired 22,000 people.
Let’s overlook the contribution of the discredited “birth-death model” which overstates on average the monthly payroll jobs by at least 50,000, and let’s ignore the manipulation of seasonal adjustments. Instead, let’s assume the numbers are real. What kind of economy are we looking at?
We are looking at the workforce of a third world country with the vast bulk of the jobs in low-pay domestic service jobs. People working these part-time and independent contractor jobs cannot form a household or obtain a mortgage.
As John Titus, Dave Kranzler and I have shown, these jobs are filled by those aged 55 and over who take the low paying jobs in order to supplement meager retirement incomes. The baby boomers are the only part of the US labor force whose participation rate is rising. Of the claimed new jobs in September, 230,000 or 93 percent were jobs filled by those 55 and older. Employment of Americans of prime working age (25-54) declined by10,000 jobs in September from the August level.
As the US labor force continues its transition from first world to third world, real median family income will continue to decline. Ladders of upward mobility will continue to be dismantled, and income and wealth will continue to concentrate in the pockets of the One Percent. America is truly a country run for the few.

Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His internet columns have attracted a worldwide following. His latest book, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is now available.

Wednesday, October 1, 2014

VIDEO: Comprehensive Annual Financial Reports

VIDEO: Fall Of The Republic

VIDEO: The Obama Deception HQ Full length version

The Obama Deception is a hard-hitting film that completely destroys the myth that Barack Obama is working for the best interests of the American people.

The Obama phenomenon is a hoax carefully crafted by the captains of the New World Order. He is being pushed as savior in an attempt to con the American people into accepting global slavery.

We have reached a critical juncture in the New World Order's plans. It's not about Left or Right: it's about a One World Government. The international banks plan to loot the people of the United States and turn them into slaves on a Global Plantation.

Covered in this film: who Obama works for, what lies he has told, and his real agenda. If you want to know the facts and cut through all the hype, this is the film for you.

Watch the Obama Deception and learn how:

- Obama is continuing the process of transforming America into something that resembles Nazi Germany, with forced National Service, domestic civilian spies, warrantless wiretaps, the destruction of the Second Amendment, FEMA camps and Martial Law.

- Obama's handlers are openly announcing the creation of a new Bank of the World that will dominate every nation on earth through carbon taxes and military force.

- International bankers purposefully engineered the worldwide financial meltdown to bankrupt the nations of the planet and bring in World Government.

- Obama plans to loot the middle class, destroy pensions and federalize the states so that the population is completely dependent on the Central Government.

- The Elite are using Obama to pacify the public so they can usher in the North American Union by stealth, launch a new Cold War and continue the occupation of Iraq and Afghanistan.

VIDEO: Endgame: Blueprint For Global Enslavement

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VIDEO: The Money Masters - How International Bankers Gained Control of America

Here's an amazing video explaining exactly why the privately owned Federal Reserve banking system is a complete fraud and how it has been destroying our wealth and perverting our political system for their own private gain. A privately owned fiat banking system is an unconstitutional mechanism resulting in hyper-inflation and debt slavery of the people. It's no accident that our corrupt international bankers are now threatening us with economic collapse, offering more globalization and the sacrifice of more U.S. sovereignty as the only solution to our economic meltdown, and are openly talking about replacing the U.S. dollar with a world currency run out of the IMF.

You are now seeing the rise of the tyrannical New World Order being played every night on the evening news and the planned destruction of the US economy is considered to be an essential requirement for establishing world government. The bankers know that America must fall before the New World Order can rise. What are you planning on doing about it?

This is a must see video! Check it out!

VIDEO: The Real Face Of The European Union

Most see the European Union of today as an inefficient conglomeration of states run by self-serving career politicians anxious to guarantee their survival by safely nesting in the EU's cocoon of endless bureaucracies. Many don't really see a threat at the moment. They believe that an integrated Europe makes sense; that it would prevent any chance of a third European war; that it is the modern, forward-thinking way to go. NOTHING COULD BE FURTHER FROM THE TRUTH The European Economic Community (EEC) began as a free-trade agreement in 1972. Today's European Union is well on its way to becoming a federal superstate, complete with one currency, one legal system, one military, one police force - even its own national anthem. In this shocking new documentary featuring EU insiders and commentators, independent author Phillip Day covers the history and goals of the European Union, as well as the disturbing, irrevocable implications this new government has for every citizen. Whether the viewer is for or against participation, this film asks the troubling questions the mainstream media has refused to confront. Former Soviet Dissident Warns For EU Dictatorship:

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VIDEO: America: Freedom to Fascism

This is one of the most important films that you'll ever see!

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Another great interview and another must see video! A very insightful discussion. Learn the truth about the woman's liberation scam and find out why 9/11 was definitely an inside job.....

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