Tuesday, September 30, 2014

The US Is Now 50% More Unequal Than Ancient Rome (And That Includes Slaves)


As we previously noted, only the highest income earners have seen any gains in compensation since the crisis began around 2007 to the current 'recovery' tops. It is perhaps not entirely surprising then that, the total income controlled by the Top 1% is drastically above that of the slave-included times of Ancient Rome and as high as the peak in the roaring 20s."The greatest irony is that the President is railing against inequality as one of the most important problems of the day, despite the fact that his policies are squeezing the middle class and causing the Fed – with the President’s encouragement – to engage in the radical monetary policy, which is exacerbating inequality. This simple truth cannot be repeated often enough."

"We'll Become ISIS" - The Devaluation Of America's Young Men


The most dangerous thing that any society can do is invalidate young men. When the explosion of youthful male wrath occurs in the USA, it will come along at exactly the same time as all the other benchmarks of order become unmoored — especially the ones in money and politics — which will shatter the faith of the non-young and the non-male, too. The re-set from that will be an economy and a society that few now yammering will recognize.

Paul Craig Roberts: More Washington Lies


Whatever is occurring in Hong Kong, it bears no relation to what is being reported about it in the Western print and TV media. These reports spin the protests as a conflict between the demand for democracy and a tyrannical Chinese government

African Travelers Are Now Coming To US With Ebola: No Quarantine Of Infected Countries


Airline Passenger With Ebola Is Being Treated in Dallas

BREAKING NEWSTuesday, September 30, 2014 5:57 PM EDT
Airline Passenger With Ebola Is Being Treated in Dallas
A man who took a commercial flight from Liberia that landed in Dallas on Sept. 20 has been found to have the Ebola virus, the Centers for Disease Control and Prevention reported on Tuesday. He is the first traveler to have brought the virus to the United States on a passenger plane.
He was not ill during the flight, health officials said. Symptoms developed several days after he arrived, and he is being treated at Texas Health Presbyterian Hospital in Dallas.



Guards at Concentration Camps Were Just Doing Their Jobs /SARCASM


Perhaps it is time for soldiers and cops who are Christians, libertarians, have moral scruples, want a clean conscience, have respect for individual liberty and private property, or want a free society to get another job. After all, you can't have a war without soldiers, and you can't have a police state without police.

KARL DENNINGER: The Fundamental Balance


The symbolism and beliefs expressed through actions of our government are far more important than the words jackasses like these speak in their shielded, guarded and fenced enclaves.  Our elected representatives and President ought to walk the talk; risk is part of being a leader in a free society, and if you're unwilling to accept it then step aside in favor of someone who is.

Paul Craig Roberts interviewed by RT on Islamic State


PCR interviewed by RT on Islamic State

Monday, September 29, 2014

"America's Demographic Situation Is A Ticking Time Bomb"


When America's social security, health care, and entitlement systems were first conceived, the country had a very different age distribution.There were roughly 7 active workers per retiree, and the ability to transfer some of that employee wealth to support older citizens was supportable. However, by 2030, just 15 short years away, there will be less than 3. Our national demographic architecture no longer can afford the entitlement system we have. And that's even assuming entitlements were currently sufficiently funded. Simply put, America's demographic situation is a ticking time bomb.

Paul Craig Roberts Interviewed by RIA Novosti


PCR Interviewed by RIA Novosti


NSA Has been using a 1981 Executive Order to Circumvent Congress and the Constitution

Mobile phone simulating call to German Chancellor Merkel next to a tablet showing the logo of NSA is seen in picture illustration taken in Frankfurt
The NSA has been secretly using a Presidential Executive Order issued back in 1981 to justify everything it does and not an actual democratic law issued by Congress no less the Constitution. Documents released by the U.S. government  suddenly reveal, thanks to the ACLU, that the NSA views an executive order issued in 1981 as the basis of most of the National Security Agency’s surveillance activities.

This of course flies in the face of any democratic principle whereby WE THE PEOPLEcreate the laws. Here they rely on an old executive order and not laws enacted by Congress, reported Reuters.

Was AIG Bailout Legal – NO!!!!!

A trial in Washington may get to the truth for it is at least not New York City. There will be many star players taking the stand. No NY court would have ever allowed such a spectacle. There was a Buffet Goldman offer until they decided to let government funds be used.
The Fed and for Goldman CEO Hank Paulson let Goldman’s competitors fail Lehman and Bear Stearns under the claim there was not power. The very next day, suddenly there was power to bail out an insurance company.
AIG’s Greenberg’s lawyers have said in court papers the bailout “offer” from the New York Fed to provide AIG an $85 billion loan in exchange for high interest rates and a nearly 80 percent stake in the company amounted to unconstitutional theft from AIG shareholders,reported Reuters.
Pay attention to this one. We may get a glimpse behind the curtain. The government has already moved for protective order to prevent the public from learning the truth. In my own case, the court granted a lifetime protective order to HSBC that I could NEVER help the Japanese against NY Bankers. It would be nice just for once to get the truth out in the open.



As the Obama Administration prepared to bomb Syria without congressional or U.N. authorization, it faced two problems. The first was the difficulty of sustaining public support for a new years-long war against ISIS, a group that clearly posed no imminent threat to the “homeland.” A second was the lack of legal justification for launching a new bombing campaign with no viable claim of self-defense or U.N. approval.

The solution to both problems was found in the wholesale concoction of a brand new terror threat that was branded “The Khorasan Group.” After spending weeks depicting ISIS as an unprecedented threat — too radical even for Al Qaeda! — administration officials suddenly began spoon-feeding their favorite media organizations and national security journalists tales of a secret group that was even scarier and more threatening than ISIS, one that posed a direct and immediate threat to the American Homeland. Seemingly out of nowhere, a new terror group was created in media lore.

Water rationing hits California: limit of 50 gallons per person per day or face fines of $500


Millions of Californians are about to be hit with strict water rationing -- daily "allocation" numbers that represent the maximum amount of water you're allowed to use for any purpose. Households that exceed the allocation limit will face stiff fines of hundreds of dollars per violation.

Learn more: http://www.naturalnews.com/047061_water_rationing_California_drought.html#ixzz3EkncBC7e


Atlas is Getting Tired of Holding up the World Economy

It is becoming a familiar story of global uprisings and discontent outside the USA while steady economic growth in the USA remains the only thing holding up the world economy. Socialism is dead just as communism. The idea that governments can manipulate the economy to smooth out the business cycle has been a disaster. Even Keynes before he died realized he was wrong and said he hoped Adam Smith’s Invisible Hand would save Britain. He said: “I find myself more and more relying for a solution of our problems on the invisible hand which I tried to eject from economic thinking twenty years ago.”
Indeed, Paul Volcker, former Chairman of the Fed even stated in his 1979 Rediscovery of the Business Cycle:
“The Rediscovery of the Business Cycle – is a sign of the times. Not much more than a decade ago, in what now seems a more innocent age, the ‘New Economics’ had become orthodoxy. Its basic tenet, repeated in similar words in speech after speech, in article after article, was described by one of its leaders as ‘the conviction that business cycles were not inevitable, that government policy could and should keep the economy close to a path of steady real growth at a constant target rate of unemployment.’
Despite those with great credentials admitting this idea of manipulating the economy with centralized planning that failed in communism is failing in socialism, we find politicians still refusing to admit the emperor has no clothes. They are hell-bent on playing with the economy to the devastation of our future and that of our posterity. They are now disassembling everything that made the recovery from World War II with the free flow of capital to the hunt for loose change thanks to FATCA. This is all about them retaining power – not about what is good for the nation.
The great threat to Europe is its politicians. Creating the Euro created a host of jobs. The EU institutions employ over 47 000 civil servants on salaries far above those that they would receive in their home countries in public service. There are 16 salary classes with up to five categories for seniority. In addition to the salary, civil servants receive a family allowance, education allowances for kids and young students until 26 years and pension. There is also a permanent ex-pat allowance at 16 % for foreigners moving to Brussels.
There is no way the Euro will go for the better of Europe. If the Euro fails, these people are out of a job. They will gut the entire European economy before they will ever admit they are wrong. No they are working to Federalize Europe on a fast-track. From a military perspective, the strongest member economically, Germany, effectively has no army for that was prohibited by its post-war constitution. So the countries with the capacity to man an army are broke. Hence, Russia can smell the weakness of Europe.
In Asia, riots are starting for Democracy in Hong Kong. China and Japan rattle sabers. In Canada, Quebec is bankrupt and the government is just accelerating its demise. The Bricks are declining. South America is rather hopeless and has issued a lot of debt in dollars so as the dollar rises, so do their debts and this was the demise of Greece.
Atlas should get tired by 2015.75. When we turn down then, look out below. We are moving into a free-fall where there may be no bid.

Turkey Sends Back 3 Islamist fighters to France

Three Islamist fighters from France could were returned by Turkey. To everyone’s surprise, they entered France freely at Marseille airport after Turkey had expelled them and put on a plane. The French authorities knew that Turkey’s three terror suspects had put on a plane. Nonetheless, the French police were not waiting at the airport Marseille, but at Orly airport outside Paris. Actually, the Islamists should have been sent to Paris, but the pilot of the Paris-flight refused to let the three on board his aircraft. The police were never notified of the change in Paris.
The Financial Times quoted the French Defense Minister Jean-Yves Le Drian saying “It was a big failure.” The three suspects were actually noticed at passport control. Yet the computer system apparently did not work. The three Jihadists were able to freely enter France. The three  went to local police station in the south of France, in order to show themselves. Amazingly, because there was no police officer present, they were asked to wait outside for 20 minutes before any police appeared. And these people have to take everyone’s phone calls and text messages to protect us from terrorists. They cannot even show up when they are informed.
France has currently 7.5% of its population is Muslim, which is about 4.7 million. It is projected to exceed 10% by 2030 according to the report published by the Guardian. France has had riots in the Muslim community and there is a higher percentage of those in support of extremist views than in most other European nations. This may only add to the problems ahead for France after 2015.75.

UBS Preparing to Delist Stock

Banks are finding that it is far better to stay out of the United States than to be in. Foreign banks are targeted to allow the government to pretend it is dealing with the banks while it is really still overlooking some favored banks in New York.
UBS in Switzerland is preparing to delist its stock. In a public announcement, the Swiss banks has stated it strategy to to create a holding company in a stock swap. UBS announced:
“With the completion of the transaction, UBS Group AG (currently a wholly owned subsidiary of UBS AG) for the holding company of UBS AG and its subsidiaries. The UBS Group AG shares are listed on the SIX Swiss Exchange (“SIX”) and on the New York Stock Exchange (“NYSE”), meanwhile, is intended to delist the shares of UBS AG pursuant to the applicable listing regulations. After the completion of the transaction and the subsequent squeeze-out, in which the remaining shareholders of UBS AG also shares the UBS AG Group in the ratio 1: 1 and get complete control of the UBS AG is to be attained, UBS expects the shareholders of UBS AG Group to propose a supplementary repatriation of at least CHF 0.25 per share.”