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Putin Speaks: Hope that Washington Hears

In an interview with Politika, a Serbian newspaper, Russia’s president, Vladimir Putin, said that it is futile and dangerous for the US and its European puppets to blackmail Russia and that the Exceptional Nation and its vassals should consider the risks that are inherent in aggressive disputes between countries heavily armed with nuclear weapons. Putin noted that Obama took a hostile attitude toward Russia in Obama’s UN speech to ...Read full article...

Crowning the Dragon: World’s Top Economy

It was just a matter of time before China surpassed America as the world’s leading economy based on purchasing power parity (PPP). It’s an exchange rate between currencies measured by the cost of a representative basket of goods in one country v. another. Surprisingly, China’s growth happened faster than experts expected. In 2011, IMF economists estimated it would overtake America in 2016. At the time, they projected its PPP ...Read full article...

America is Truly a Country Run for the Few

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?  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 ...Read full article...

The slowdown in Latin America threatens the rise of the Middle Class

Most of Latin Americans who have entered the middle class in the last decade remain vulnerable. According to the United Nations Program for Development (UNDP), although 56 million Latin Americans have moved out of poverty between 2000 and 2012, about 200 million, a third of the total population, could again be poor in case of a major economic crisis. The UN, which provided the data in August, has now ...Read full article...

Rigged Gold Price Distorts Perception of Economic Reality

The Federal Reserve and its bullion bank agents (JP Morgan, Scotia, and HSBC) have been using naked short-selling to drive down the price of gold since September 2011. The latest containment effort began in mid-July of this year, after gold had moved higher in price from the beginning of June and was threatening to take out key technical levels, which would have triggered a flood of buying from hedge ...Read full article...

No Economy For Americans

The Dow Jones stock average closed Friday at 17,137, despite the fact that the payroll jobs report was a measly 125,000 new jobs for August, an insufficient amount to keep up with the growth in the working age population. The low 125,000 jobs figure is also inconsistent with the Bureau of Economic Analysis’  second estimate of second quarter 2014 US GDP growth of 4.2 percent–a figure beyond the capability ...Read full article...

Economic Sanctions and the Ukraine Airline Crash

Photos are now available of the wreckage from the Malaysian airliner crash. Notice the extensive debris and the large section of fuselage. You are observing remains of an airliner that was hit with a missile at 33,000 feet and fell to impact land. Remember, no such debris was present at the site where the airliner is alleged to have hit the Pentagon and at the alleged crash site in ...Read full article...

BRICS Announce the Creation of their Own Development Bank

 The Development Bank of emerging countries to be created at their summit in Brazil aims to rival the World Bank and the Bretton Woods institutions. In July 1944, representatives of 44 countries met in a hotel in Bretton Woods, New Hampshire, USA, to design the new model of trade and financial relations among the world’s major countries. That model is now 70 years old and is no longer trusted by emerging ...Read full article...

Virtual Economy’s Phantom Job Gains Are Based on Statistical Fraud

Washington can’t stop lying.  Don’t be convinced by last Thursday’s job report that it is your fault if you don’t have a job. Those 288,000 jobs and 6.1% unemployment rate are more fiction than reality.  In his analysis of the June Labor Data from the Bureau of Labor Statistics, John Williams (www.ShadowStats.com) wrote that the 288,000 June jobs and 6.1% unemployment rate  are “far removed from common experience and ...Read full article...

A New Recession and a New World Devoid of Washington’s Arrogance?

A final number for real US GDP growth in the first quarter of 2014 was released today. The number is not the 2.6% growth rate predicted by the know-nothing economists in January of this year. The number is a decline in GDP of -2.9 percent. The negative growth rate of -2.9 percent is itself an understatement. This number was achieved by deflating nominal GDP with an understated measure of ...Read full article...

The Global Economic Crisis: Causes and Devastating Consequences

In all major regions of the world, the economic recession is deep-seated, resulting in mass unemployment, the collapse of state social programs and the impoverishment of millions of people. The economic crisis is accompanied by a worldwide process of militarization, a “war without borders” led by the United States of America and its NATO allies. The conduct of the Pentagon’s “long war” is intimately related to the restructuring of ...Read full article...

Fake Employment Statistics: More Phantom Jobs Created in America

Last April I saw a report that 83% of May’s college graduates did not have a job. I remarked that in my day most of us had 2 or 3 jobs or graduate school offers before we graduated. The latest payroll jobs report issued on June 6 proves that the April report was true. My opinion, schooled in part by John Williams’ very precise reports on Shadowstats.com, is that ...Read full article...

Millions for War and the Bankers, but no Money for the Poor or Veterans

While vast amounts of Americans have lost their homes, their jobs and their livelihoods, and while war veterans are denied care, Barack Obama has unloaded more cash to continue wrecking havoc around the world. No matter how poor people are at home. Abroad, the United States will always have a well-financed genocidal military machine standing by and ready to bomb and destroy whomever does not conform and obey. President ...Read full article...

The Fed Is The Great Deceiver

Is the Fed “tapering”? Did the Fed really cut its bond purchases during the three month period November 2013 through January 2014? Apparently not if foreign holders of Treasuries are unloading them. From November 2013 through January 2014 Belgium with a GDP of $480 billion purchased $141.2 billion of US Treasury bonds. Somehow Belgium came up with enough money to allocate during a 3-month period 29 percent of its ...Read full article...

The US Economy Is A House Of Cards

Every aspect of it is fraudulent, and the illusion of recovery is created with fraudulent statistics. The US economy is a house of cards. Every aspect of it is fraudulent, and the illusion of recovery is created with fraudulent statistics. American capitalism itself is an illusion. All financial markets are rigged. Massive liquidity poured into financial markets by the Federal Reserve’s Quantitative Easing inflates stock and bond prices and ...Read full article...
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