Monday, August 24, 2015

VIDEO: While Media Peddled Delusion, Infowars Predicted Great Crash of 2015

Financial press were still pretending it was a “correction” last week

Paul Joseph Watson
Prison Planet.com
August 24, 2015
http://www.prisonplanet.com/while-media-peddled-delusion-infowars-predicted-great-crash-of-2015.html

While the mainstream financial media peddled the delusion that the unfolding economic crash was merely a short term “correction,” Infowars once again predicted the great crash of 2015 far in advance.

Even as late as last week, news outlets like CNBC were urging viewers to invest in the stock market, ludicrously suggesting that the market was simply having a “dull year” and that this would be “good for investors”.

Even as the Dow plunged over 500 points on Friday, Bloomberg reported that the global selloff was just a “correction”.

Back in July, Treasury Secretary Jack Lew insisted that Chinese markets were “separated from world markets,” assuring investors that a collapse was not imminent.

After the Dow Jones suffered a further 1,000 point plunge at one point this morning, all of those assurances are now looking completely ridiculous.“Widespread dislocation is only likely to occur in the aftermath of an economic collapse which impacts a huge number of Americans,” the report stated.

Back in January, we also highlighted how the wealthy were buying remote hideaways in places like New Zealand to prepare for domestic disorder that would arise as a result of growing wealth inequality and an economic collapse.

Those sentiments were echoed this morning by Damien McBride, former advisor to Gordon Brown, who is predicting a crisis 20 times worse than 2008, warning people to stock up on canned food and to “get hard cash in a safe place now”.

Almost every day for the whole of 2015 we have featured lengthy articles by Michael Snyder and others warning that this collapse was coming around August/September 2015.


Nine months ago we warned that the elite were planning for widespread civil unrest in the aftermath of a “financial collapse”.









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VIDEO: Rise of a New World Order





Thursday, August 13, 2015

VIDEO: Donald Trump V. Megyn Kelly...

VIDEO: Michael Savage BLASTS Megyn Kelly, Fox News Over Treatment Of Donald Trump

‘I Want My Church Back!': Irate Man Interrupts Catholic Climate Change Confab

Pope’s advocacy of global government, new age environmentalism fueling concerns

Paul Joseph Watson
Prison Planet.com
August 13, 2015

An irate man interrupted a Catholic meeting about global warming in California this past weekend to accuse the church of selling its soul – another indication of how many Catholics feel uneasy about Pope Francis parroting rhetoric about global government and climate change.



The event, organized by Sisters of St. Joseph of Orange, featured a number of speakers, from relief workers to scientists, who parroted the official view that man is causing global warming and that anthropogenic climate change represents an environmental crisis.

Earlier this summer, Pope Francis wrote a letter to the world’s 1.2 billion Catholics calling for a new global authority to tackle climate change – a form of world government. The very notion of a “world government” makes many Christians uncomfortable because the Bible makes indirect references to such an “Antichrist” system in the final days, notably in the Book of Revelation.

Entitled “Laudato Si: Engaging Pope Francis’ Encyclical on Ecology,” the program for the event featured a number of recommendations for how Catholics could help fight climate change, including eating less meat and reducing their carbon footprint.

A handful of protesters stood outside the Christ Cathedral in Garden Grove, Orange County before the Saturday meeting making their opposition heard, but the action really kicked off when a man suddenly stood up in the middle of a presentation and began yelling.

Before the man spoke, a woman in the crowd is heard to remark, “I’m sorry I can’t take this anymore.”

“This is the biggest instance of heresy….Im here to advocate for traditional Catholicism….how dare you,” asserts the man, before accusing some of the speakers of advocating abortion.

After quoting a bible verse, the man states, “I am here to present my concerns to the bishop,” accusing the church of “selling its soul”.

After briefly trying to carry on with the event, the organizers hastily call for the whole audience to recite a prayer in order to drown the man out. The man first becomes angry with a security guard and is then escorted out by a police officer.

The Orange County Register later published a noticeably bias piece which venerated the church group.

“One woman walked out, saying she couldn’t take it anymore. A man shouted – and didn’t stop shouting – that he wanted his old church back. I’m not sure what church he was talking about,” wrote David Whiting.

Whiting noted how when the prayer began, the shouting stopped, asserting that this represented a “powerful” moment of “hope”.

In reality, the fact that the prayer was used to drown out voices of dissent made it look like some kind of creepy cult-like invocation.

Many Catholics and Christians in general are becoming extremely concerned about why the Pope is parroting new age talk about global government and Mother Earth, the kind of rhetoric usually spouted by pagans.

Indeed, environmental activists, many of whom advocate population reduction, are now literally creating idols out of Hindu Goddesses to whom sacrifices were made in the name of saving humanity, as seen in the clip below.

The fact that the Pope is turning what should be a scientific debate – the environment and climate change – into a spiritual crusade – perhaps underscores how weak the science really is if it requires divine intervention to give it some kind of legitimacy.

So long as Catholics carry on regurgitating whatever the Pope says without a shred of skepticism, incidents like the one in the video above will continue to happen.

VIDEO: Victor Sperandeo On The Coming Hyperinflation

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VIDEO: US Companies Dying, Poverty Rising As We Approach The Economic Collapse-Episode 737a

VIDEO: ALERT! THE GLOBAL COLLAPSE IS ACCELERATING, CHINA REACTS - By Gregory Mannarino

Wednesday, August 12, 2015

The US Economy Continues Its Collapse

Paul Craig Roberts
Prison Planet.com
August 11, 2015
http://www.prisonplanet.com/the-us-economy-continues-its-collapse.html

Do you remember when real reporters existed? Those were the days before the Clinton regime concentrated the media into a few hands and turned the media into a Ministry of Propaganda, a tool of Big Brother. The false reality in which Americans live extends into economic life. Last Friday’s employment report was a continuation of a long string of bad news spun into good news. The media repeats two numbers as if they mean something—the monthly payroll jobs gains and the unemployment rate—and ignores the numbers that show the continuing multi-year decline in employment opportunities while the economy is allegedly recovering.

The so-called recovery is based on the U.3 measure of the unemployment rate. This measure does not include any unemployed person who has become discouraged from the inability to find a job and has not looked for a job in four weeks. The U.3 measure of unemployment only includes the still hopeful who think they will find a job.

The government has a second official measure of unemployment, U.6. This measure, seldom reported, includes among the unemployed those who have been discouraged for less than one year. This official measure is double the 5.3% U.3 measure. What does it mean that the unemployment rate is over 10% after six years of alleged economic recovery?

In 1994 the Clinton regime stopped counting long-term discouraged workers as unemployed. Clinton wanted his economy to look better than Reagan’s, so he ceased counting the long-term discouraged workers that were part of Reagan’s unemployment rate. John Williams (shadowstats.com) continues to measure the long-term discouraged with the official methodology of that time, and when these unemployed are included, the US rate of unemployment as of July 2015 is 23%, several times higher than during the recession with which Fed chairman Paul Volcker greeted the Reagan presidency.

An unemployment rate of 23% gives economic recovery a new meaning. It has been eighty-five years since the Great Depression, and the US economy is in economic recovery with an unemployment rate close to that of the Great Depression.

The labor force participation rate has declined over the “recovery” that allegedly began in June 2009 and continues today. This is highly unusual. Normally, as an economy recovers jobs rebound, and people flock into the labor force. Based on what he was told by his economic advisors, President Obama attributed the decline in the participation rate to baby boomers taking retirement. In actual fact, over the so-called recovery, job growth has been primarily among those 55 years of age and older. For example, all of the July payroll jobs gains were accounted for by those 55 and older. Those Americans of prime working age (25 to 54 years old) lost 131,000 jobs in July.

Over the previous year (July 2014 — July 2015), those in the age group 55 and older gained 1,554,000 jobs. Youth, 16-18 and 20-24, lost 887,000 and 489,000 jobs.

Today there are 4,000,000 fewer jobs for Americans aged 25 to 54 than in December 2007. From 2009 to 2013, Americans in this age group were down 6,000,000 jobs. Those years of alleged economic recovery apparently bypassed Americans of prime working age.

As of July 2015, the US has 27,265,000 people with part-time jobs, of whom 6,300,000 or 23% are working part-time because they cannot find full time jobs. There are 7,124,000 Americans who hold multiple part-time jobs in order to make ends meet, an increase of 337,000 from a year ago.

The young cannot form households on the basis of part-time jobs, but retirees take these jobs in order to provide the missing income on their savings from the Federal Reserve’s zero interest rate policy, which is keyed toward supporting the balance sheets of a handful of giant banks, whose executives control the US Treasury and Federal Reserve. With so many manufacturing and tradable professional skill jobs, such as software engineering, offshored to China and India, professional careers are disappearing in the US.

The most lucrative jobs in America involve running Wall Street scams, lobbying for private interest groups, for which former members of the House, Senate, and executive branch are preferred, and producing schemes for the enrichment of think-tank donors, which, masquerading as public policy, can become law.

The claimed payroll jobs for July are in the usual categories familiar to us month after month year after year. They are domestic service jobs—waitresses and bartenders, retail clerks, transportation, warehousing, finance and insurance, health care and social assistance. Nothing to export in order to pay for massive imports. With scant growth in real median family incomes, as savings are drawn down and credit used up, even the sales part of the economy will falter.

Clearly, this is not an economy that has a future.

But you would never know that from listening to the financial media or reading the New York Times business section or the Wall Street Journal.

When I was a Wall Street Journal editor, the deplorable condition of the US economy would have been front page news.

Thursday, August 6, 2015

Donald Trump’s Plan to Significantly Reduce Income Taxes

“Imagine your paycheck was 40 percent higher than it currently is”

Kurt Nimmo
Prison Planet.com
August 6, 2015

Frontrunner Donald Trump’s plan to radically reduce income taxes will bolster his popularity with the American people.



In his book, “Time to Get Tough: Making America #1 Again,” published in 2011, and updated for the 2016 campaign, Trump put forward a plan to transform the government’s expropriation of income and wealth.

Specifically:

$30,000 per year will pay 1 percent in federal income taxes
$30,000 to $100,000 will pay 5 percent
$100,000 to $1 million will pay 10 percent
$1 million or above will pay 15 percent

“It’s clear and fair,” Trump wrote about his tax plan. “Best of all, it can be filled out on the back of a postcard and will save Americans big bucks on accountants and massive amounts of time wasted attempting to decipher the tax code.”

“Imagine your paycheck was 40 percent higher than it currently is. What could you do with 40 percent more wealth? How many jobs and opportunities for others could you create?”

“No doubt you work hard for your money — I know I do — and you should be permitted to keep more of it. Anything less creates a disincentive for a strong national work ethic,” Trump said.

The plan will abolish the estate or “death” tax, lower tax rates on capital gains and dividends, reduce corporate tax rate from 39 percent to zero to spur job growth, and implement a simple “1-5-10-15 income tax plan” to address and fix the country’s unfair tax system.

On Sunday Trump told CBS he pays as little taxes as possible.

“I fight like hell to pay as little as possible for two reasons. Number one, I’m a businessman. And that’s the way you’re supposed to do it,” he said. “The other reason is that I hate the way our government spends our taxes. I hate the way they waste our money. Trillions and trillions of dollars of waste and abuse. And I hate it.

VIDEO: Dumbed Down Hillary Voters Petition To Repeal Bill Of Rights

VIDEO: Alex Jones - Why It's Cool To Be A Trendy Slave

Tuesday, August 4, 2015

VIDEO: Rowdy Ronda Rousey vs Keyboard Tough Guys



Crashing: Apple, Twitter, Oil, Commodities, Greek Stocks, Chinese Stocks

Michael Snyder
Economic Collapse
August 4, 2015
http://theeconomiccollapseblog.com/archives/crashing-apple-twitter-oil-commodities-greek-stocks-chinese-stocks

The month of August sure has started off with a bang.

Tech stocks are crashing, oil is crashing, industrial commodities are crashing, Greek stocks crashed the moment that the Greek stock market reopened for trading, and Chinese stocks continue to crash. At this point we have not seen a broad crash of U.S. stocks yet, but it is important to note that the Dow is already down more than 700 points from the peak in May. If it continues to slide like it has in recent days, it won’t be too long before we will officially reach “correction” territory. Just a few days ago, I described August as a “pivotal month“, and so far that is indeed turning out to be the case.

A full-blown financial crisis has not erupted yet, but we are well on the way. In this article, I want to look at a few of the “crashes” that are already happening…

Apple

This is more of a “correction” than a “crash”, but it is very noteworthy because it is happening to one of the most important U.S. stocks of all. The price of Apple stock has already broken through the 200 day moving average, and at this point it is down nearly 11 percent from the peak…

Shares of Apple are down 10.9% from their highest point in a year — which places the stock squarely in what’s considered to be a correction. The unofficial definition of a correction is a 10% or greater drop from a recent high. Shares of Apple hit a 52-week (and all-time) high on $134.54 on April 28.

Twitter

If you want to see a real crash, just look at what is happening to Twitter. The stock was down close to 6 percent on Monday, and overall it has fallen 58 percent since early last year. The price of Twitter stock has never been lower than it is right now, and many investors are very apprehensive about what comes next…

Twitter shares hit a record low on Monday, closing down nearly 6% to $29.27.

That is 58% below their peak in January 2014.

Shares have fallen to their lowest point since the company went public in November 2014 weighed down by negative comments on growth from company executives that rattled investors. Its previous low was $30.50 in May 2014 as concerns over slowing user growth began to take a toll.

Of course there are tech companies that are in far worse shape than Twitter. For example, just consider what is happening to Yelp. Shares of Yelp recently plummeted 25 percent in a single day, and they are down about 70 percent over the past year.

Greece

The Greek government was quite eager to reopen their stock market this week.

Perhaps they should have waited longer.

On Monday, we witnessed the greatest stock bloodbath in Greek history. The following comes from Reuters…

Greece’s stock market closed with heavy losses on Monday after a five-week shutdown brought on by fears that the country was about to be dumped from the euro zone.

Bank shares plummeted 30 percent before loss limits kicked in to stop investors selling any more. The main Athens stock index .ATG ended down 16.2 percent, recovering slightly after plunging nearly 23 percent at the open.

It was the worst daily performance since at least 1985 when modern records began, including a 15 percent fall when Wall Street crashed in 1987.

Puerto Rico

Things also continue to unravel for “America’s Greece”. On Monday, a U.S. commonwealth territory defaulted on debt for the first time ever…

Puerto Rico’s Government Development Bank announced Monday that it was only able to make a partial payment on its Public Finance Corporation (PFC) debt service due over the weekend.

In response to the non-payment of the full service, Moody’s said it viewed the situation as a default.

“Due to the lack of appropriated funds for this fiscal year the entirety of the PFC payment was not made today (the first business day after the Saturday deadline),” GDB President Melba Acosta-Febo said in a statement. This was a decision that reflects the serious concerns about the Commonwealth’s liquidity in combination with the balance of obligations to our creditors and the equally important obligations to the people of Puerto Rico to ensure the essential services they deserve are maintained.”

China

As I noted the other day, the Shanghai Composite Index declined 13.4 percentduring the month of July. It was the worst month for stocks in China since October 2009.

On Monday, Chinese stocks were down another 1.11 percent. Since closing at5,166.35 on June 12th, the Shanghai Composite Index has fallen precipitously. As I write this, it is sitting at just 3622.86.

Oil

In the months prior to the financial crisis of 2008, the price of oil crashed hard.

Now it is happening again.

In July, the price of oil plunged 21 percent. That was the worst monthly decline that we have seen since October 2008.

And on Monday, the oil crash continued. The following comes from Business Insider…

On Monday in New York, West Texas Intermediate (WTI) crude fell more than 4% and slipped below $45 per barrel, a level it hasn’t touched since March.

Brent crude oil, the international benchmark that joined WTI in a bear market last week, dropped more than 4%, below $50 per barrel for the first time since January.

Commodities

In recent weeks, I have been writing over and over about industrial commodities. This is yet another striking similarity to the last financial crisis. In 2008, they started crashing before stocks did, and now it is happening again…

We see the Bloomberg Commodities index now at a 13-year low. Copper is down 28 percent for the year, tin is down 30 percent, and nickel is down 44 percent.

This is a giant red flag that indicates that we are plunging into a deflationary cycle. When global economic activity slows down, so does demand for industrial commodities. I don’t understand why more people can’t see this.

I have been warning that a deflationary downturn was coming for a very long time, and so have others. For instance, just consider the following excerpt from a recent article by Nicole Foss…

Our consistent theme here at the Automatic Earth since its inception has been that we are facing a very powerfuldeflationary depression, following on from the bursting of an epic financial bubble. What we have witnessed in our three decades of expansion and inflation is nothing short of a monetary supernova, and that period has been the just culmination of a much larger upward trend going back many decades at least. We have lived through a credit hyper-expansion for the record books, with an unprecedented generation of excess claims to underlying real wealth. In doing so we have created the largest financial departure from reality in human history.

Bubbles are not new – humanity has experienced them periodically going all the way back to antiquity – but the novel aspect of this one, apart from its scale, is its occurrence at a point when we have reached or are reaching so many limits on a global scale. The retrenchment we are about to experience as this bubble bursts is also set to be unprecedented, given that the scale of a bust is predictably proportionate to the scale of the excesses during the boom that precedes it. We have built an incredibly complex economic system, but despite its robust appearance it is over-extended, brittle and fragile after decades of fueling its continued expansion by feeding on its own substance.

Things continue to line up in textbook fashion for a major financial crisis during the fall and winter.

I hope that you are prepared for what comes next.

The Rent is Too Damn High – San Fran Residents Pay $1,000 a Month to Live in Shipping Containers



Michael Krieger
Liberty Blitzkrieg
August 4, 2015
http://libertyblitzkrieg.com/2015/08/03/the-rent-is-too-damn-high-san-fran-residents-pay-1000-a-month-to-live-in-shipping-containers/

There’s nothing quite like a grotesquely lopsided “economic recovery” in which a handful of cities boom, while the rest of the nation stagnates. Even worse, millennials living in such chosen cities face one of two options. Either live in mom and dad’s basement, or face a standard of living far more similar to 19th tenement standards than the late 1990’s tech boom.

With that out of the way, I want to introduce you to what a $1,000 per month rental in the San Francisco Bay area looks like. Shipping containers:

We learn more from Bloomberg:

Luke Iseman has figured out how to afford the San Francisco Bay area. He lives in a shipping container.

The Wharton School graduate’s 160-square-foot box has a camp stove and a shower made of old boat hulls. It’s one of 11 miniature residences inside a warehouse he leases across the Bay Bridge from the city, where his tenants share communal toilets and a sense of adventure. Legal? No, but he’s eluded code enforcers who rousted what he calls cargotopia from two other sites. If all goes according to plan, he’ll get a startup out of his response to the most expensive U.S. housing market.

“It’s not making us much money yet, but it allows us to live in the Bay Area, which is a feat,” said Iseman, 31, who’s developing a container-house business. “We have an opportunity here to create a new model for urban development that’s more sustainable, more affordable and more enjoyable.”

As many as 60,000 San Franciscans live in illegal housing, according to the Department of Building Inspection.

Iseman collects $1,000 a month for each of the 11 structures parked in the 17,000-square-foot warehouse he rents for $9,100. Tenants include a Facebook Inc. engineer, a SolarCity Corp. programmer and a bicycle messenger.

It’s not even San Francisco proper either, this is in Oakland. You could probably catch $2k per month for a cargo box in the Mission.

Iseman used to pay $4,200 a month in San Francisco’s Mission District for a two-bedroom apartment with a slanted floor and mosquito-breeding puddles.

He bought his metal box for $2,300, delivery included, then cut out windows with a plasma torch and installed a loft bed, shower and bamboo flooring. He estimates his all-in cost at $12,000, and plans to sell refashioned containers for about $20,000 through his company, Boxouse.

“What we’re doing is converting industrial waste into a house in a couple of weeks,” said Iseman, who also founded a pedicab fleet. Meanwhile, he doesn’t plan on seeking city approval for cargotopia, whose location he asked not be identified. “I’d rather ask forgiveness than ask permission.”

I want to be clear that I’m not knocking Mr. Iseman for starting this project. He seems to be a well-meaning, entrepreneurial guy trying to make the best out of a bad situation and solve a very real problem on his own. What I am knocking is the criminally corrupt American oligarchy, which left this legacy to our youth due to their unfathomable greed, cronyism and nearsightedness.

Of course, I’ve covered this trend several times over the past several years…

American Oligarchy – 400 Families Represent 50% of Money Raised by 2016 Presidential Candidates Thus Far

Michael Krieger
Liberty Blitzkrieg
August 4, 2015
http://libertyblitzkrieg.com/2015/08/03/american-oligarchy-400-families-represent-50-of-money-raised-by-2016-presidential-candidates/

Ever since I started this website in 2012, one of my primary objectives was to convince readers that the American system of government is nothing like what we are told in school and via the oligarch-owned mainstream media. That the country has become so captured and corrupted by sociopathic oligarchs, that a neo-feudal modern serfdom was emerging where the opportunities to enjoy rising standards of living for the vast majority of people was rapidly becoming a pipe dream.

I think many readers appreciated my warnings, but it wasn’t until an academic study from Princeton and Northwestern came out and factually proved it, that it become undeniable to many people. Here’s a brief excerpt from that post titled, New Report from Princeton and Northwestern Proves It: The U.S. is an Oligarchy:

Despite the seemingly strong empirical support in previous studies for theories of majoritarian democracy, our analyses suggest that majorities of the American public actually have little influence over the policies our government adopts. Americans do enjoy many features central to democratic governance, such as regular elections, freedom of speech and association, and a widespread (if still contested) franchise. But we believe that if policymaking is dominated by powerful business organizations and a small number of affluent Americans, then America’s claims to being a democratic society are seriously threatened.

Ever since that study came out, I’ve noticed more and more people publicly admitting that the U.S. in nothing more than an oligarchy. Even former U.S. President Jimmy Carter said it last week.

Meanwhile, just today, I came across the latest shocking proof of how bought and paid for “our” political system really is. We find out from the New York Times, that only 400 families account for nearly half of all spending on the 2016 Presidential election so far. The Dark Ages almost look democratic by comparison.

From the NY Times:

Fewer than four hundred families are responsible for almost half the money raised in the 2016 presidential campaign, a concentration of political donors that is unprecedented in the modern era.

The vast majority of the $388 million backing presidential candidates this year is being channeled to groups that can accept unlimited contributions in support of candidates from almost any source. The speed with which such “super PACs” can raise money — sometimes bringing in tens of millions of dollars from a few businesses or individuals in a matter of days — has allowed them to build enormous campaign war chests in a fraction of the time that it would take the candidates, who are restricted in how much they can accept from a single donor.

A New York Times analysis of Federal Election Commission reports and Internal Revenue Service records shows that the fund-raising arms racehas made most of the presidential hopefuls deeply dependent on a small pool of the richest Americans.

And that’s exactly how the oligarchs like it.

To peruse the top donors in presidential politics is to take a cross section of the wealthiest 1 percent of Americans. At least 67 are billionaires or married to one, according to Forbes.

“In the donor world, it is primarily a love of economic freedom,” said Chart Westcott, a Dallas private equity investor who has contributed $200,000 to Unintimidated PAC, a group backing Gov. Scott Walker of Wisconsin. “That’s the biggest drive for most donors — more prosperity for the country as a whole, as well as for themselves.”

“More prosperity for the country as a whole…”

Really? Where is this widespread prosperity, at the end of the rainbow in a leprechaun’s hat?

Senator Ted Cruz of Texas, a favorite of the Tea Party movement, has raised the most cash from the fewest donors. A collection of super PACs supporting Mr. Cruz raised $37 million, nearly all of it from three families. Robert Mercer, a deeply private hedge fund investor from New York, contributed $11 million, making him the top known political donor in the country so far this election cycle.

Ted Cruz knows how to say the right things, but he knows where his bread is buttered.

But millions of dollars also came from corporate entities with no clear link to a known individual or business: One million-dollar donor to the pro-Bush super PAC is Jasper Reserves, a limited liability corporation established two years ago in West Virginia, where records provided few clues about its owners.

Big donors are not only patrons of the candidates but also confidantes, with great access to the candidates — and, sometimes, business before them.

Mr. Braman has previously subsidized Mr. Rubio’s salary, and employed his wife. Mr. Fernandez, who became a billionaire after building several health care companies, emailed with Mr. Bush often when he was governor of Florida to ask about doing business with the state, Mr. Bush’s emails show.

The largest single donation to America Leads, a group supporting Gov. Chris Christie of New Jersey, came from a Boston investor seeking to build a $4 billion casino resort there. At least five donors to Mr. Walker’s super PAC are companies that received hundreds of thousands of dollars in aid from Wisconsin’s economic development agency, according to state records.

“Are they going to return people’s phone calls? Yeah, I’m sure they’re going to return people’s phone calls,” Mr. Keating said. “But I don’t think it’s going to drive policy.”

Apparently Mr. Keating never heard of a little family called “The Clintons.”

VIDEO: X22 Report 7/31/15. US Government Is Flat Broke And The Fall Out Will Not End Well - Episode 731



Monday, August 3, 2015

VIDEO: MGTOW - The Magic of Male Scarcity

Obama’s Climate Fascism Is Another Nail In The Coffin For The U.S. Economy

Michael Snyder
Economic Collapse
August 3, 2015

Is Barack Obama trying to kill the economy on purpose?

On Sunday, we learned that Obama is imposing a nationwide 32 percent carbon dioxide emission reduction from 2005 levels by the year 2030. When it was first proposed last year, Obama’s plan called for a 30 percent reduction, but the final version is even more dramatic. The Obama administration admits that this is going to cost the U.S. economy billions of dollars a year and that electricity rates for many Americans are going to rise substantially. And what Obama is not telling us is that this plan is going to kill what is left of our coal industry and will destroy countless numbers of American jobs. The Republicans in Congress hate this plan, state governments across the country hate this plan, and thousands of business owners hate this plan. But since Barack Obama has decided that this is a good idea, he is imposing it on all of us anyway.

So how can Obama get away with doing this without congressional approval?

Well, he is using the “regulatory power” of the Environmental Protection Agency. Congress is increasingly becoming irrelevant as federal agencies issue thousands of new rules and regulations each and every year. The IRS, for example, issues countless numbers of new rules and regulations each year without every consulting Congress. Government bureaucracy has spun wildly out of control, and most Americans don’t even realize what is happening.

In the last 15 days of 2014 alone, 1,200 new government regulations were published. We are literally being strangled with red tape, and it has gotten worse year after year no matter which political party has been in power.

These new greenhouse gas regulations are terrible. The following is a summary of what Obama is now imposing on the entire country…

Last year, the Obama administration proposed the first greenhouse gas limits on existing power plants in U.S. history, triggering a yearlong review and 4 million public comments to the Environmental Protection Agency. In a video posted to Facebook, Obama said he would announce the final rule at a White House event on Monday, calling it the biggest step the U.S. has ever taken on climate change.

The final version imposes stricter carbon dioxide limits on states than was previously expected: a 32 percent cut by 2030, compared to 2005 levels, senior administration officials said. Obama’s proposed version last year called only for a 30 percent cut.

In America today, the burning of coal produces approximately 40 percent of the electrical power used by Americans each year.

So what is this going to do to our electricity bills?

You guessed it – at this point even the Obama administration is admitting that they are going to go up. The following comes from Fox News…

The Obama administration previously predicted emissions limitswill cost up to $8.8 billion annually by 2030, though it says those costs will be far outweighed by health savings from fewer asthma attacks and other benefits. The actual price is unknown until states decide how they’ll reach their targets, but the administration has projected the rule would raise electricity prices about 4.9 percent by 2020 and prompt coal-fired power plants to close.

In the works for years, the power plant rule forms the cornerstone of Obama’s plan to curb U.S. emissions and keep global temperatures from climbing, and its success is pivotal to the legacy Obama hopes to leave on climate change. Never before has the U.S. sought to restrict carbon dioxide from existing power plants.

And we must keep in mind that government projections are always way too optimistic. The real numbers would almost surely turn out to be far, far worse than this.

In addition, these new regulations are going to complete Barack Obama’s goal of destroying our coal industry. In a previous article, I included an excerpt from a recent news article about how some of the largest coal producers in America have just announced that they are declaring bankruptcy…

On Thursday, Bloomberg reported that the biggest American producer of coking coal, Alpha Natural Resources, could file for bankruptcy as soon as Monday.

Competitor Walter Energy filed for bankruptcy earlier this month, and several others have done the same this year.

Barack Obama has actually done something that he promised to do.

He promised to kill the coal industry, and he is well on the way to accomplishing that goal.

Of course Hillary Clinton thinks that this is a splendid idea. She called Obama’s plan “the floor, not the ceiling”, and she is pledging to do even more to reduce greenhouse gas emissions. The following comes from the Washington Post…

Democratic presidential front-runner Hillary Rodham Clinton pledged Sunday that if elected she will build on a new White House clean-energy program and defend it against those she called “Republican doubters and defeatists.”

Clinton was the first 2016 candidate to respond to the ambitious plan that President Obama will debut on Monday. Details of the program, which aims to cut greenhouse-gas pollution, were released over the weekend. The new regulation will require every state to reduce emissions from coal-burning power plants.

And you know what?

The climate control freaks will never be satisfied. Since just about all human activity affects the climate in some way, they will eventually demand control over virtually everything that we do in the name of “saving the planet”. That is why I call it “climate fascism” – in the end it is all about control.

During the month of September, the Pope is going to travel to the United Nations to give a major speech to kick off the conference at which the UN’s new sustainable development agenda will be launched. As I have documented previously, this new agenda does not just cover greenhouse gas emissions and the environment. It also addresses areas such as economics, agriculture, education and gender equality. It has been called “Agenda 21 on steroids”, and it is basically a blueprint for governing the entire planet.

Unfortunately, that is ultimately what the elite want.

They want to micromanage the lives of every, man, woman and child on the globe.

They will tell us that unless people everywhere are forced to reduce their “carbon footprints” that climate catastrophe is absolutely certain, but their “solutions” always mean more power and more control in their hands.

Barack Obama promised to fundamentally transform America, and he is doing it in hundreds of different ways. These new greenhouse gas regulations are just one example. Our nation is being gutted like a fish, and most Americans don’t seem to care.

What in the world will it take for this country to finally wake up?

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Sunday, August 2, 2015

11 Red Flag Events That Just Happened As We Enter The Pivotal Month Of August 2015

Michael Snyder
Economic Collapse
August 1, 2015
http://theeconomiccollapseblog.com/archives/11-red-flag-events-that-just-happened-as-we-enter-the-pivotal-month-of-august-2015

Are you ready for what is coming in August? All over America, economic, political and social tensions are building, and the next 30 days could turn out to be pivotal. In July, we saw things start to turn. As you will read about below, a major six year trendline for the S&P 500 was finally broken this month, Chinese stocks crashed, commodities crashed, and debt problems started erupting all over the planet. I fully expect that this next month (August) will be a month of transition as we enter an extremely chaotic time in the fall and winter. Things are unfolding in textbook fashion for another major global financial crisis in the months ahead, and yet most people refuse to see what is happening. In their blind optimism, they want to believe that things will somehow be different this time. Well, the coming months will definitely reveal who was right and who was wrong. The following are 11 red flag events that just happened as we enter the pivotal month of August 2015…

#1 Puerto Rico is going to default on a 58 million dollar debt payment that is due on Saturday. Even though this has serious implications for the U.S. financial system, Barack Obama has said that there will be no bailout for “America’s Greece”.

#2 As James Bailey has pointed out, the most important trendline for the S&P 500has finally been broken after holding up for six years. This is a critical technical signal that will likely motivate a significant number of investors to sell off their holdings in the weeks ahead.

#3 The IMF is indicating that it will not take part in the new Greek debt deal. As a result, the whole thing may completely fall apart…

Leaked minutes of the fund’s latest board meeting, which took place on Wednesday, showed staff “cannot reach agreement at this stage” on whether to take part in the new €86bn (£60bn) bailout for Greece. The document said there were doubts over the capacity of the Athens Government to implement economic reforms, as well as the over the sustainability of the country’s sovereign debt pile, which is now projected to hit 200 percent of GDP.

The German Chancellor, Angela Merkel, only sanctioned a new Greek deal earlier this month on the condition that the IMF takes part.

#4 Italy is going down the exact same path as Greece, but Italy is going to be a much larger problem for Europe because it has a far, far larger economy. This week, we learned that youth unemployment in Italy has reached a 38-year high of44 percent, and Italy’s debt to GDP ratio has now hit 135 percent.

#5 The Canadian economy has officially entered a new recession. This is something that was not supposed to happen.

#6 The price of oil plummeted close to 20 percent during the month of July. It was the worst month for the price of oil that we have seen since October 2008, which just happened to be during the height of the last financial crisis.

#7 Commodities just had their worst month in almost four years. As I have written about previously, we witnessed a collapse in commodity prices just before the stock market crash of 2008 too.

#8 Thanks to Barack Obama, the U.S. coal industry is imploding, and some of the largest coal producers in the entire country have just announced that they aredeclaring bankruptcy…

On Thursday, Bloomberg reported that the biggest American producer of coking coal, Alpha Natural Resources, could file for bankruptcy as soon as Monday.

Competitor Walter Energy filed for bankruptcy earlier this month, and several others have done the same this year.

#9 For the month of July, the Shanghai Composite Index was down 13.4 percent. Despite unprecedented government intervention to prop up the market, it was the worst month for Chinese stocks since October 2009.

#10 A major red flag that a recession in the United States is fast approaching is the fact that Exxon Mobile just announced their worst earnings for a single quartersince 2009. Compared to the same time period one year ago, Exxon Mobile’s earnings were down 51 percent.

#11 Chevron is another oil giant that has seen earnings plunge. In the second quarter of this year, Chevron’s earnings were down an eye-popping 90 percentfrom a year ago.

And in this list I didn’t even mention the economic chaos that is happening down in South America. For full coverage of that, please see my previous article entitled “The South American Financial Crisis Of 2015“.

To a certain extent, I can understand why most Americans are not alarmed about the months ahead. The relative stability of the past several years has lulled most of us into a false sense of security, and the mainstream media is assuring everyone that everything is going to be just fine and that brighter days are ahead. At this point, many believe that it is patently absurd to suggest that we could see aneconomic collapse in 2015. But of course even though the signs were glaringly apparent, very few of us anticipated the financial crisis of 2008 either.

A few weeks ago, I authored a piece entitled “The Last Days Of ‘Normal Life’ In America“, and I stand by every single word of that article. I truly believe that the era of debt-fueled prosperity that we have been enjoying for so long is coming to an end, and our standard of living will never again get back to this level.

Just yesterday, I had the chance to go over and stock up on some emergency supplies at a dollar store. It always astounds me what you can still buy for a dollar. The combined cost of raw materials, manufacturing, packaging, shipping and retailing most of these items shouldn’t be less than a dollar, but thanks to having the reserve currency of the world we are still able to go to these big box stores and fill up our carts with lots and lots of extremely inexpensive merchandise.

Unfortunately, this massively inflated standard of living is going to come crashing to a halt. This next financial crisis is going to destroy the system that is currently producing such comfortable lifestyles for the vast majority of us, and that will be an extremely painful experience.

So enjoy this summer for as long as it lasts. Even though August threatens to be pivotal, it is going to be nothing compared to what will follow.

Fall and winter are coming.

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