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Colombia Ending US Eradication Program, Revamps Drug Policy

September 23rd, 2015
Categories: Nature, Environment, World, Economic, Politics, Health

Link: http://sputniknews.com/latam/20150923/1027374329/colombia-drug-war-roundup-cocaine.html

Colombia to end aerial spraying of herbicides on coca crops after the World Health Organization said the popular weed killer glyphosate probably causes cancer.
Over the past 20 years, more than 4 million acres in Colombia have been sprayed with glyphosate to kill coca plants, growers who move from coca to alternative crops will receive financial and technical assistance.

In New York City, Workers With Full Time Jobs Are Living In Homeless Shelters

September 22nd, 2015
Categories: News, Economic, Politics

Link: http://www.zerohedge.com/news/2015-09-22/new-york-city-workers-full-time-jobs-are-living-homeless-shelters

Dilcy Benn, president of the union’s Local 1505, said more than 100 of the 1,000 parks workers she represents are living in shelters and at least another four are living on the streets on Staten Island and The Bronx. Median rent is $2,690 a month. Unclear how many members were homeless before they began working for the city. The city’s Department of Homeless Services refused to comment. Financial service industry bonuses were saved.

Wall Street investors buying up farmland

September 22nd, 2015
Categories: Economic

Link: http://govtslaves.info/wall-street-investors-buying-up-farmland/

Investors have turned to farmland as part of a sweeping push into physical assets — everything from lumber, hotels and apartments to parking meters, bridges and highways

Russian Economy Needs to Lower Dependence on Oil Prices - Putin

September 22nd, 2015
Categories: World, Economic

Russian President Vladimir Putin assessed the economic situation in Russia as challenging but not critical and called on economic policymakers to preserve the role of the federal budget as the leading instrument of development, reduce the budget's dependence on oil prices.

Flashback: Monsanto Profits Fell 15% on Weak Sales of GM Seed

September 21st, 2015
Categories: Nature, Environment, Economic, Health

Link: http://naturalsociety.com/remember-monsanto-profits-fall-15-on-weak-sales-of-gm-seed/

Monsanto’s stock did even more poorly than analysts expected last quarter, with its stock taking another 15 percent nose-dive due to a stronger dollar, and weak seed sales.‘’ The company is warning its investors that profits will not maintain previously suggested levels.

Pope Critical of Capitalism: This Empire Throws Away the Young

September 20th, 2015
Categories: World, Economic

Link: http://www.telesurtv.net/english/news/Pope-Critical-of-Capitalism-This-Empire-Throws-Away-the-Young-20150920-0019.html

Pope Francis gave a speech searing into the ills of Western capitalism on Sunday following a meeting with President Raul Castro in Cuba, criticized the culture imposed by capitalism, which worships money and discards anything and anyone that is not lucrative. This empire of money throws away things and throws away people.”

Bitcoin is now officially a commodity

September 20th, 2015
Categories: World, Economic

Link: http://govtslaves.info/bitcoin-is-now-officially-a-commodity/

Bitcoin being designated a commodity by the Commodity Futures Trading Commission, or CFTC putting it on equal footing with physical commodities like gold, silver, and oil.

With Wages Down 5% In 42 Years, Jamie Dimon Says Stop Complaining, At Least You Have An iPhone

September 20th, 2015
Categories: News, Economic

Link: http://www.zerohedge.com/news/2015-09-19/wages-down-5-42-years-jamie-dimon-says-stop-complaining-least-you-have-iphone

For most citizens, the U.S. economy is a neo-feudal Banana Republic oligarch hellhole. JPMorgan CEO Jamie Dimon; “It is true that income inequality has kind of gotten worse,”cutting down on executive compensation wouldn’t help. “It’s not right to say we’re worse off … If you go back 20 years ago, cars were worse, the air was worse. People didn’t have iPhones.”

Big Pharma Company Buys Patent Rights to Life-Saving Drug and Raises Price by 5,000 Percent

September 19th, 2015
Categories: Economic, Health

Link: http://www.activistpost.com/2015/09/big-pharma-company-buys-patent-rights-to-life-saving-drug-and-raises-price-by-5000-percent.html

After purchasing the rights to a drug that prevents infections in people with weakened immune systems, including AIDS patients and cancer survivors undergoing chemotherapy, Turing Pharmaceuticals raised the price of the drug by 5,000%. Instead of paying $13.50 per pill, patients with life-threatening illnesses are now forced to pay $750 per pill.

Up 72 percent from just six years ago, organic farm sales soar

September 19th, 2015
Categories: Environment, Economic, Health

Link: https://www.intellihub.com/up-72-percent-from-just-six-years-ago-organic-farm-sales-soar/

2014 Organic Survey, released Thursday by the USDA’s National Agricultural Statistics Service (NASS), indicated that in addition to the $5.5 billion dollars worth of organic products purchased by consumers last year.

Reykjavik to retract Israel boycott decision

September 19th, 2015
Categories: World, Economic, Politics

Link: http://icelandmonitor.mbl.is/news/politics_and_society/2015/09/19/reykjavik_to_retract_israel_boycott_decision/

The controversial decision by Reykjavik City Council to boycott Israeli products is to be retracted, according to Mayor of Reykjavik, Dagur B. Eggertsson, announced the proposal will be amended to indicate the Council will be boycotting only those goods produced in occupied areas. The Mayor will be recommending that Reykjavik City Council retract the proposal in its current form. A consultation process will follow to decide on the next steps to take.

A Most Virulent Carcinogenic Strain is Running through Mankind – It’s Called Rothschild Zionism.

September 19th, 2015
Categories: World, Zionism, Economic, Politics

Link: http://gmmuk.com/a-most-virulent-carcinogenic-strain-is-running-through-mankind-its-called-rothschild-zionism/

Western politicians & the entire corporate media – TV, Radio, Newspapers, magazines & of course Hollywood itself are virtually all controlled by Zionists, Positions of importance are filled by those who are under the Zionist payroll.

Banks: Catalan independence ‘would threaten financial stability’

September 19th, 2015
Categories: World, Economic, Politics

Major Spanish and European banks warned Friday that Catalonia would put “financial stability” at risk if it separated from Spain and the EU, potentially driving them to abandon the region.

Following years of criticism for refusing to prosecute bankers, the US Department of Justice issued new policies that prioritize the prosecution of individual employees, including executives, not just their companies.

September 19th, 2015
Categories: Economic, Politics

Link: http://investmentwatchblog.com/following-years-of-criticism-for-refusing-to-prosecute-bankers-the-us-department-of-justice-issued-new-policies-that-prioritize-the-prosecution-of-individual-employees-including-executives-not-just/

“Corporations can only commit crimes through flesh-and-blood people,” Sally Q. Yates, the deputy attorney general and the author of the memo. Political power of the banks strong as ever, announcement may only be a public-relations move except to prosecute a few lower-level executives now and then or to punish a higher-level executive who has fallen into disfavor with the cartel.

Bernie Sanders Unveils Bill Attacking Private Prison Industry

September 18th, 2015
Categories: Economic, Politics, Police State

Link: http://www.telesurtv.net/english/news/Bernie-Sanders-Unveils-Bill-Attacking-Private-Prison-Industry-20150918-0008.html

Bernie Sanders introduced a bill that bans private prisons and eliminates quotas for number of immigrants held in detention. Sanders: “We cannot fix our criminal justice system if corporations are allowed to profit from mass incarceration;”incentivizes locking people up for cheap labor, must no longer be an acceptable business model. We have to end the private prison racket in America.

Central Bank of Russia Russia’s Bitruble to be World’s First State-Controlled Cryptocurrency

September 18th, 2015
Categories: World, Economic

Link: http://sputniknews.com/business/20150918/1027204933/russian-national-cryptocurrency.html

Bitruble, a new Russian cryptocurrency, will be issued and circulated under control of Russia's Central Bank. It is expected to compete with Bitcoin and other cryptocurrencies.

Outrage Over Austerity Hits Finland as Thousands Go on Nationwide Strike

September 18th, 2015
Categories: World, Economic, Politics

Link: http://wakeupfromyourslumber.com/outrage-over-austerity-hits-finland-as-thousands-go-on-nationwide-strike/

Finnish Prime Minister Juha Sipilä insisted shortening annual holidays from 38 to 30 working days, halving overtime pay rate increases, cutting Sunday work bonuses, and reducing sick leave pay—are “indispensable” to getting the economy back on track. 30,000 protesters gathered in the nation’s capital of Helsinki.

Global stocks slide on Fed uncertainty

September 18th, 2015
Categories: World, Economic

Link: https://www.rt.com/business/315866-markets-plunge-fed-decision/

The decision by the US Federal Reserve not to raise interest rates has increased international market concerns about the health of the global economy. A broad market selloff followed around the world.

China's Foreign Investment Reaches Historic Maximum of $123Bln in 2014

September 18th, 2015
Categories: World, Economic

Link: http://sputniknews.com/business/20150918/1027190299.html

Zhang Xiangchen highlighted China’s ranking as the world’s third largest investor for three years in a row, while noting that it is the first time export and import levels are balanced.

Former PM Naoto Kan says nuclear power makes little economic sense, must end

September 17th, 2015
Categories: Nature, Environment, World, Economic, Health

Link: http://www.japantimes.co.jp/news/2015/09/16/national/former-pm-naoto-kan-says-nuclear-power-makes-little-economic-sense-must-end/?utm_source=Daily+News+Updates&utm_campaign=597ef1f17d-Thursday_email_updates17_09_2015&utm_medium=email&utm_term=0_c5a6080d40

Minister Naoto Kan said Wednesday that Japan needs to seek a nuclear-free path. It doesn’t make sense economically, and enough energy can be provided without it.” Japan has seen an increase of renewable energy since the Fukushima accident, especially from solar panels.

New Poll Shows Big Pharma and Feds Among Most Hated Institutions in America

September 17th, 2015
Categories: News, Economic, Politics

Link: http://www.activistpost.com/2015/09/americans-hate-big-pharma-and-fed.html

According to a recent Gallup poll published this week, the pharmaceutical industry is one of the most hated industries in the United States. Also topping the list are the federal government and the oil company cartels.

Indian Government Is Launching Its Own Operating System 'BOSS' To Replace Microsoft Windows

September 16th, 2015
Categories: World, Economic, Science

Link: http://www.indiatimes.com/news/india/indian-government-is-launching-its-own-operating-system-boss-to-replace-microsoft-windows-245255.html

Main purpose behind using BOSS is to make Indian IT machinery hack-proof, it will also aid towards scaling down the country-wide use of Microsoft Windows in government offices.

Iceland’s capital declares boycott of all Israeli goods

September 16th, 2015
Categories: World, Zionism, Economic, Politics

Link: http://www.timesofisrael.com/icelandic-capital-boycotts-israeli-goods/

The Reykjavik municipality passed the motion, which approved a boycott of Israeli goods “as long as the occupation of Palestinian territories continues. Israel’s Foreign Ministry condemned the move.

Russian dairy production up 26% in year after food embargo – Putin

September 16th, 2015
Categories: World, Economic

Link: https://www.rt.com/business/315562-putin-russia-import-substitution/

Russian President Vladimir Putin: This year, we have seen an increase in the production of dairy, meat and fish products - by 26 percent, five percent and six percent respectively. Russia is ready for cooperation in import substitution with Kazakhstan and other countries from the Eurasian Economic Union.

China Liquidated A Record $83 Billion In Treasurys In July

September 16th, 2015
Categories: World, Economic

Link: http://www.zerohedge.com/news/2015-09-16/us-treasury-just-confirmed-china-liquidated-record-83-billion-treasurys-july

China has already dumped a record total $107 billion in US Treasurys in 2015 to offset what is now quite clear capital flight from the mainland, and the most aggressive attempt to keep the Renminbi stable."

Seven years since the Wall Street crash

September 15th, 2015
Categories: World, Economic

Link: http://www.wsws.org/en/articles/2015/09/15/pers-s15.html

Central banks around the world continually increase the supply of ultra-cheap money—the US Federal Reserve pumped out more than $4 trillion—to finance the speculation and parasitism of banks and finance houses. These measures have done nothing to alleviate the crisis. On the contrary, they have created the conditions for another disaster.

Are We Heading Into a Debt Supernova?

September 14th, 2015
Categories: World, Economic

Link: http://www.washingtonsblog.com/2015/09/are-we-heading-into-a-debt-supernova.html

Former Fed chief Alan Greenspan: Debt, deficits and entitlement programs are all coming to a head in a few months, all over the world. European chief executive of Goldman Sachs Asset Management warns: There is too much debt and this represents a risk to economies. Bank of International Settlements (BIS) – known as the “Central Banks’ Central Bank” writes: We are not seeing isolated tremors, but the release of pressure that has gradually accumulated over the years along major fault lines

US Gold Reserves Bottom Out as Europe's Banks Seek Financial Independence

September 14th, 2015
Categories: Economic

Link: http://sputniknews.com/business/20150914/1026974329/europe-frs-gold-repatriation.html

European Central banks keep demanding the return of their gold bullion from the vaults of the Federal Reserve Bank of New York, reducing the gold stockpile kept under the streets of Manhattan to its lowest level in decades; US supplies rapidly becoming depleted.

A Panicked Brazil Promises Billions In Austerity, Does 180 On Budget After Downgrade

September 14th, 2015
Categories: World, Economic

Link: http://www.zerohedge.com/news/2015-09-14/panicked-brazil-promises-billions-austerity-does-180-budget-after-downgrade

The government will reduce 26 billion reais ($6.8 billion) in expenditures from next year’s budget; capping salaries of civil servants and suspending exams for new entrants. Brazil also plans to raise 28 billion reais in revenue by boosting taxes, including a levy on financial transactions.

Boycott On Aisle Three: Avoid These 6 Products That Support Israeli Apartheid

September 14th, 2015
Categories: World, Palestine, Zionism, Middle East, Economic

Link: http://www.mintpressnews.com/boycott-on-aisle-three-avoid-these-6-products-that-support-israeli-apartheid/209498/

The following list is compiled from bdslist.org, bdsmovement.net

Eden Springs bottled water from the occupied Golan Heights.

Israeli dates grown on illegal settlements in the Jordan Valley.

Israeli wines — Israel produces over 40 million bottles of wine a year.

Pastures of Eden feta cheese found in Trader Joe’s.

Sabra hummus

Tribe hummus owned by Strauss Group and Osem, one of Israel’s largest food corporations.

Win or Lose In Ukraine: Some Rich Bastard Wins

September 14th, 2015
Categories: World, War, Economic

Link: http://journal-neo.org/2015/09/14/win-or-lose-in-ukraine-some-rich-bastard-wins/

The reason Petro Poroshenko is waving his fist at Russia is simple. He’s being told to, and his interest in Ukraine has been profit all along. The old world banking family that funded every war Europe has had since 1800, is also hedging bets in Ukraine. Debt works for Rothschild Inc. no matter what happens.

Peter Hambro: "It's Virtually Impossible To Get Physical Gold In London"

September 13th, 2015
Categories: World, Economic

Link: http://www.zerohedge.com/news/2015-09-13/peter-hambro-its-virtually-impossible-get-physical-gold-london

The Chinese and the Indian have been buying in enormous quantities. It’s virtually impossible to get physical gold in London. A-Mark, one of the world’s largest wholesalers reporting that they have no gold and silver at all available, have stopped taking orders for Silver Maples.

Moldova: Huge anti-corruption protest in Chisinau - video

September 13th, 2015
Categories: World, Economic, Politics

Link: http://www.bbc.com/news/world-europe-34237078

Thousands of people are taking part in another large anti-corruption protest in the Moldovan capital, Chisinau. There have been reports of clashes between rival groups. Protesters demand the government's resignation and early elections over a $1bn (£655m) bank fraud.

China's Political Elite Take the Money and Run - Abroad

September 13th, 2015
Categories: World, Economic

Link: http://www.truth-out.org/news/item/32761-china-s-political-elite-take-the-money-and-run-abroad

During the past few years, members of China's economically privileged elite have been buying up luxury real estate in places like Manhattan and London. When US elites begin to acquire real estate abroad, like rats fleeing a sinking ship, it's probably a sign that they've taken a dim view of the country's enduring viability.

Expatriates choosing to leave the U.S. rather than pay taxes

September 12th, 2015
Categories: World, Economic

Link: http://www.cnbc.com/2015/09/11/expatriates-choosing-to-leave-the-us-rather-than-pay-taxes.html

More Americans renounced their citizenship and terminated their long-term residency in the first three months of the year than ever before, courtesy of the crackdown in foreign tax rules.

A world convulsed by crises

September 12th, 2015
Categories: World, Economic, Politics

Link: http://www.wsws.org/en/articles/2015/09/12/pers-s12.html

Over the past month, the world has been gripped by a proliferation of crises—economic, geopolitical, social—erupting on a daily basis. Rule, both right and “left,” are collapsing under the pressure of unprecedented levels of social inequality and mounting popular anger and discontent.

BRICSA? Argentina Asks Brazil to Promote Its Access to Five-Member Group

September 12th, 2015
Categories: World, Economic

Link: http://sputniknews.com/latam/20150912/1026913924/argentina-brics-brazil-access.html

During a recent meeting with former Brazilian leader Luiz Inacio Lula da Silva, Argentina's President Cristina Fernandez de Kirchner asked him to help her country join the BRICS group, which currently includes Brazil, Russia, India, China and South Africa.

The Age of Finance Capital—and the Irrelevance of Mainstream Economics

September 12th, 2015
Categories: Economic

Link: http://www.globalresearch.ca/the-age-of-finance-capital-and-the-irrelevance-of-mainstream-economics/5475588

In the age of finance capital profit making is largely divorced from real production and employment, as it comes mostly from speculative investment, or through parasitic extraction from the rest of the economy.

Visualizing China's Mind-Boggling Consumption Of The World's Raw Materials

September 11th, 2015
Categories: World, Economic

Link: http://www.zerohedge.com/news/2015-09-11/visualizing-chinas-mind-boggling-consumption-worlds-raw-materials

China consumes 54% of aluminum, 48% of copper, 50% of nickel, 45% of all steel, and 60% of concrete, more concrete in the last three years than the United States did in all of the 20th century. Uses 49% of coal, 12% of oil, 30% of rice, 17% of wheat.

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Something Just Snapped At The Comex

September 9th, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-09-09/something-just-snapped-comex

43.5 million ounces of gold open interest and the record low 351,519 ounces of registered gold imply that as of Friday's close there was a whopping 123.8 ounces in potential paper claims to every ounces of physical gold.

Government Jobs Now Outnumber Manufacturing Jobs by a Wide Margin

September 9th, 2015
Categories: Economic

Link: http://www.thedailysheeple.com/government-jobs-now-outstrip-manufacturing-jobs-by-a-wide-margin_092015

According to data published by the Bureau of Labor Statistics, government jobs now outnumber manufacturing jobs. Almost 22,000,000 people work for local, state, and federal agencies, compared to 12,329,000 workers in the manufacturing sector.

Moscow Stock Exchange Breaks, All Trading Halted For "Glitch"

September 8th, 2015
Categories: World, Economic

Link: http://www.zerohedge.com/news/2015-09-08/moscow-stock-exchange-breaks-all-trading-halted-glitch

Update: *MOSCOW EXCHANGE PREPARING TO RESUME TRADING W/BACKUP EQUIPMENT. *MOSCOW EXCHANGE SAYS TRADING HALTED IN ALL MKTS. *MOSCOW EXCHANGE SAYS CHECKING ON REASONS FOR GLITCH.

China intends to oust dollar from oil trade

September 8th, 2015
Categories: World, Economic

Link: https://www.rt.com/business/314732-china-oil-contracts-dollar-yuan/

China is planning to launch its own oil benchmark in October, similar to Brent and WTI, striving for a more important role in establishing crude prices. Unlike the Western benchmarks, the Chinese contracts will be nominated in the yuan, not the US dollar.

China Sets New Blueprint for Cooperation in Russia’s Far East

September 8th, 2015
Categories: World, Economic

Link: http://sputniknews.com/business/20150908/1026721015/china-russia-cooperation-far-east.html

China and Russia plan to broaden their cooperation of the development of Russia’s Far East region, China’s Xinhua state-run news agency reported in a bid to dispel concerns over Sino-Russian ties amid the economic downturn.

Ukraine Prepares to Default on Its Russian Loan

September 7th, 2015
Categories: World, Economic

Link: http://russia-insider.com/en/politics/ukraine-prepares-default-its-russian-loan/ri9561

The Russians have categorically refused to restructure the debt. The Ukrainians are now saying that if the Russians won’t restructure it, they will default on it.

World Running Out of Time to Save Oceans

September 7th, 2015
Categories: Nature, Environment, World, Economic, Health

Link: http://www.commondreams.org/news/2015/09/07/world-running-out-time-save-oceans

The United Nations is posting a new environmental warning: the world is running out of time to prevent the gradual degradation of the world’s oceans and widespread destruction of marine life, delays in implementing solutions to problems identified as threatening to degrade the world’s oceans will lead, to greater environmental, social and economic costs.

Pot Revenue Is So High in Colorado, State Will Have to Reimburse Taxpayers

September 7th, 2015
Categories: Nature, Economic

Link: http://www.thedailysheeple.com/pot-revenue-is-so-high-in-colorado-state-will-have-to-repay-taxpayers_092015

So far the state has earned over $150 million from the 30% tax on pot. According to a 1992 amendment to Colorado’s constitution called the ‘Taxpayer Bill of Rights’ when the state earns more than they anticipated from a given industry, they have to return the difference, $50 million to the people.

If You Want To Know The Truth About The Unemployment Rate Read This Article

September 4th, 2015
Categories: Economic

Link: http://endoftheamericandream.com/archives/if-you-want-to-know-the-truth-about-the-unemployment-rate-read-this-article

According to the Obama administration, more than 94 million working age Americans are “not in the labor force”, and so they don’t count as being unemployed. Labor force participation rate stayed stuck at 62.6 percent, a 38-year low.

Wages for low-income workers collapsed under Obama

September 4th, 2015
Categories: Economic

Link: http://www.wsws.org/en/articles/2015/09/04/wage-s04.html

Democratic candidates Hillary Clinton and Bernie Sanders have called for raising the federal minimum wage, while the Obama administration has made much ado about a set of trivial changes to miscellaneous work rules that it claims will significantly benefit low-income workers.

Energy goes east as Russia and China seal multibillion dollar deals in Beijing

September 3rd, 2015
Categories: World, Economic

Link: https://www.rt.com/business/314236-Russia-China-cooperation-agreements/

The two countries have expanded cooperation in oil, gas, post services and other areas during the visit of President Putin to China.

Why Are Foreign Countries Repatriating Gold From US Federal Reserve?

September 2nd, 2015
Categories: World, Economic

Central banks of foreign countries resumed the withdrawal of their gold reserves from the US Federal Reserve, according to the last report by the Fed reserve. Amid the ongoing global crisis, trust in the US Federal Reserve is waning.

More signs of global downturn send stocks plunging again

September 2nd, 2015
Categories: World, Economic

Link: http://www.wsws.org/en/articles/2015/09/02/econ-s02.html

Global stock markets staged yet another selloff Tuesday following the release of negative economic data in the US and China and downbeat assessments of the global economy from officials at the Federal Reserve and International Monetary Fund.

Thousands of Investors From 24 Countries In for Vladivostok Economic Forum

September 1st, 2015
Categories: World, Economic

Link: http://sputniknews.com/russia/20150901/1026437246/Vladivostok-forum-economy-investors.html

Thousands of business people and major investors from Russia and the Asia-Pacific region will be taking part in the Eastern Economic Forum to be held in Russia’s Far Eastern city of Vladivostok from September 3-5.

Bankers Are Buying Baltimore’s Debt, Charging Families Crazy Interest Rates, Then Taking Their Homes

September 1st, 2015
Categories: Economic

Link: http://govtslaves.info/bankers-are-buying-baltimores-debt-charging-families-crazy-interest-rates-then-taking-their-homes/

Hedge funds are profiting off of struggling families in Baltimore by buying up debts as small as $250, charging high interest rates, and taking their homes when they fail to pay. Baltimore now has growing homeless population and vacant homes.

Citigroup braces for global recession, calls for QE in China

September 1st, 2015
Categories: World, Economic

Link: http://www.hangthebankers.com/citigroup-global-recession-qe-china/

China has bungled its attempt to slow the economy gently and is sliding into “imminent recession”, threatening to take the world with it over coming months, Citigroup has warned.

Russia-China relations at ‘historic peak’ despite ‘illegitimate Western restrictions’ - Putin

September 1st, 2015
Categories: World, Economic, Politics

With all the differences between Russia and China, the countries face common development targets, such as changing the structure of the economy to favor high-technology sectors, Vladimir Putin said in an interview to Chinese and Russian media.

Putin says dump dollar - Video

September 1st, 2015
Categories: World, Economic

Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries. This means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries of the former Soviet Union.

Washington’s Financial Currency War on China: The Eclipsing of the US Dollar by the Yuan

August 31st, 2015
Categories: World, Economic

Link: http://www.globalresearch.ca/washingtons-financialcurrency-war-on-china-eclipsing-of-us-dollar-by-yuan/5473064

The Chinese are in the process of displacing the monopoly of the US dollar. They are dropping their US Treasury bonds, stockpiling gold reserves, and opening regional distribution banks for their own national currency. This will give them easier access to capital markets and insulate them from financial manipulation by Washington and Wall Street.

Central banks step in to prop up global financial bubble

August 31st, 2015
Categories: Economic

Link: http://www.wsws.org/en/articles/2015/08/31/pers-a31.html

Reason for the turnaround in global stock markets was not hard to find. New York Times: “Once again, the Federal Reserve helped save the day for investors” who were “inspired by soothing words from an influential Fed policy maker.” By “soothing words,” the Times means the promise of further infusions of cash into the financial system, which has fueled the continual rise in equity prices.

China Sells Major Part of US Gov’t Bonds to Back Up Yuan

August 30th, 2015
Categories: World, Economic

Link: http://sputniknews.com/asia/20150830/1026366922/china-sells-us-bonds-yuan.html

In just the last two weeks China has cut its holdings of US government bonds worth around $100 billion. Beijing justified the step as a measure to support the yuan. However, the move can also be viewed as a clear warning to the United States,

Venezuela: Dozens Injured During Supermarket Stampede - Video

August 29th, 2015
Categories: World, Economic

Link: http://www.thedailysheeple.com/venezuela-dozens-injured-during-supermarket-stampede_082015

Media sources in Venezuela have claimed that a state-run supermarket offering subsidized goods, recently witnessed a stampede of desperate customers. The military was called in to quell the crowd, which numbered in the thousands. Throughout the ordeal, 75 people were injured and one 80-year-old woman was trampled to death.

The number of business closings nearly tripled

August 29th, 2015
Categories: Economic

Link: http://govtslaves.info/the-number-of-business-closings-nearly-tripled/

The U.S. Department of Labor (DoL) no longer issues mass layoff reports: “On March 1, 2013, President Obama ordered into effect the across-the- board spending cuts (commonly referred to as sequestration) required by the Balanced Budget and Emergency Deficit Control Act, as amended.

CNN Tells Americans That the Stock Market Is Not Going to Crash

August 28th, 2015
Categories: Economic

Link: http://www.thedailysheeple.com/cnn-tells-americans-that-the-stock-market-is-not-going-to-crash_082015

CNN is the expert on propaganda that serves the U.S. government’s agenda… and right now, they don’t want you to worry just like they didn’t in 2008…

Gold prices significantly advance

August 28th, 2015
Categories: Economic

Link: http://english.pravda.ru/news/business/28-08-2015/131747-gold-0/

Gold for December delivery at the New York COMEX exchange rose 8.4 dollars, to $1,131.1 a troy ounce. Silver for December delivery increased 0,65%, that is 14.17 dollars an ounce.

China’s economic downturn raises concerns about political instability

August 28th, 2015
Categories: World, Economic, Politics

Link: http://www.wsws.org/en/articles/2015/08/28/chin-a28.html

The Chinese regime is under international pressure to accelerate its pro-market reform agenda, including privatisation of state-owned enterprises (SOEs) and the further liberalisation of the financial sector to open up new profit opportunities for foreign investors. Such measures heighten the social gulf between rich and poor and provoke wider social unrest.

New “Glitch” Preventing Investors from Getting Money OUT of Mutual Funds and ETF’s

August 27th, 2015
Categories: News, Economic

Link: http://investmentwatchblog.com/new-glitch-preventing-investors-from-getting-money-out-of-mutual-funds-and-etfs/

A computer glitch is preventing hundreds of mutual and exchange-traded funds from providing investors with the values of their holdings, complicating trading in some of the most widely held investments, hinder[ing] investors’ ability to trade accurately in and out of popular investment vehicles.

Global Oil Industry Is Looking Down The Barrel Of A Huge Debt

August 27th, 2015
Categories: World, Economic

Link: http://sputniknews.com/world/20150827/1026272360.html

At a time when the oil price is at its lowest for decades, producers need to find half a trillion dollars to repay their debt to investors. The oil and gas industry is facing an upheaval of epic proportions as producers, who don't have the large cash reserves to survive, will sink into unsustainable — and unrepayable — debt.

Lies You Will Hear As The Economic Collapse Progresses

August 27th, 2015
Categories: Economic

Link: http://www.thedailysheeple.com/lies-you-will-hear-as-the-economic-collapse-progresses_082015

China’s Rate Cuts Will Stop The Crash. It’s Not A Crash, It’s Just The End Of A “Market Cycle.”The Fed Will Never Raise Rates. Get Ready For QE4. It’s Not As Bad As It Seems.

Fed acts to push US stocks higher

August 27th, 2015
Categories: Economic

Link: http://www.wsws.org/en/articles/2015/08/27/econ-a27.html

A top official of the Federal Reserve Board broadly hinted Wednesday that the US central bank, contrary to previous indications, would not begin to raise its benchmark interest rate at the September meeting of its policymaking committee.

Ecuador's president says country now producing oil at a loss

August 26th, 2015
Categories: World, Economic

Link: http://bigstory.ap.org/article/c52d2a9ea8ba41dfb79eebdaad833368/ecuadors-president-says-country-now-producing-oil-loss

President Rafael Correa; it costs the OPEC nation $39 to produce a barrel of oil for which it only receives $30. Ecuador produces 538,000 barrels a day and under current circumstances stands to lose up to $3 million a day on them, state-owned Petroecuador oil company says it was profitable for the first half of 2015 because oil averaged $47 a barrel.

What Would Happen If Everyone Joins China In Dumping Treasurys?

August 26th, 2015
Categories: World, Economic

Link: http://www.zerohedge.com/news/2015-08-26/what-would-happen-if-everyone-joins-china-dumping-treasurys

"What happens when China liquidates all of its Treasury holdings is anyone's guess, and an even better question is will anyone else decide to join China as its sells US Treasurys at a never before seen pace, and best of all: will the Fed just sit there and watch as the biggest offshore holder of US Treasurys liquidates its entire inventory…

West predicts BRIСS demise, experts disagree

August 26th, 2015
Categories: World, Economic

Link: http://tass.ru/en/opinions/816795

The Western media paints the prospects of the BRICS grouping (Brazil, Russia, India, China and South Africa) in dark colors, predicting its hard days and inevitable demise but Russian experts say these predictions have nothing to do with reality. They say that a deliberately planned information campaign is underway.

25 Countries Defy Sanctions to Attend MAKS-2015 Air Show

August 26th, 2015
Categories: World, Economic

Link: http://sputniknews.com/russia/20150825/1026177660/25-countries-to-attend-maks-despite-sanctions.html

Ignoring the current western sanctions against Russia, many European aircraft makers readily accepted an invitation to take part in the MAKS-2015 international air show that launches outside Moscow on Tuesday and will run through Sunday.

How Legal Marijuana Is Working in Colorado

August 26th, 2015
Categories: Economic

Link: http://sorendreier.com/how-legal-marijuana-is-working-in-colorado/

18 months since Colorado became one of the first states to legalize marijuana. Though opponents of the measure predicted doom and gloom scenarios, the end of pot prohibition has not resulted in apocalyptic disaster. Legalization of cannabis has been a boon to Colorado financially with an expected one billion in sales by 2016 and $40 million in excise taxes to be placed in state coffers.

Where is Neo When We Need Him - Paul Craig Roberts

August 26th, 2015
Categories: World, Economic

Link: http://www.paulcraigroberts.org/2015/08/26/neo-need-paul-craig-roberts/

In our Matrix existence, the stock market decline is not due to corporations using their profits, and even taking out loans, to repurchase their shares. Why would a slight adjustment in the yuan’s exchange value to the dollar cause the US and European stock markets to decline? It wouldn’t.

Economic Destabilization, Financial Meltdown and the Rigging of the Shanghai Stock Market?

August 26th, 2015
Categories: World, Economic

Link: http://www.globalresearch.ca/economic-destabilization-financial-meltdown-and-the-rigging-of-the-shanghai-stock-market/5471533

The dramatic collapse of the Shanghai stock exchange has been presented to public opinion as the result of a spontaneous “market mechanism”, triggered by weaknesses in China’s economy. It distorts the workings of stock markets which are the object of routine speculative operations.

US stock rally collapses amid fears of global slump

August 26th, 2015
Categories: Economic

Link: http://www.wsws.org/en/articles/2015/08/26/econ-a26.html

US stock markets plunged following an early rally Tuesday, with the Dow Jones industrial average plummeting 600 points from the day’s peak to close down 205 points, or 1.29 percent. A Financial Times headline summed up the day’s events succinctly: “Wall Street recovery turns to dust.”

What If The "Crash" Is as Rigged as Everything Else?

August 25th, 2015
Categories: Economic

Link: http://charleshughsmith.blogspot.com/2015/08/what-if-crash-is-as-rigged-as.html

The Shock Doctrine; manufactured crises are used to justify further consolidation of power, a"crash" engineered to set up a buying opportunity for insiders.

Chinese Stocks Tumble Again as Other Asian Markets Rebound - Video

August 25th, 2015
Categories: World, Economic

Link: http://abcnews.go.com/US/wireStory/stocks-slump-dow-ends-588-early-1000-pt-33291843

Chinese stocks tumbled again Tuesday after their biggest decline in eight years while most other Asian markets rebounded from a day of heavy losses. Dow Jones industrial average ended down 3.6 percent European markets were also hit badly.

Global stocks surge as China cuts interest rates

August 25th, 2015
Categories: World, Economic

Link: http://www.rt.com/business/313350-china-cuts-rates-markets/

The People’s Bank of China has lowered its interest rate for the fifth time since November boosting European and US stocks higher in Tuesday's trading. The one-year lending rate has been reduced by 25 basis points to 4.6 percent, which is record low for China.

Debtageddon: US to Hit Debt Limit by Mid-November

August 25th, 2015
Categories: Economic, Politics

Link: http://sputniknews.com/business/20150825/1026190471.html

United States is set to exceed its $18.1 trillion debt limit by mid-November or early December. “If the debt limit is not increased, the Treasury will not be authorized to issue additional debt that increases the amount outstanding. That restriction would ultimately lead to delays of payments for government activities, a default on the government’s debt obligations, or both,” the Congressional Budget Office reported.

As global selloff deepens, US stock market teeters on edge of collapse

August 25th, 2015
Categories: World, Economic

Link: http://www.wsws.org/en/articles/2015/08/25/econ-a25.html

World stock markets continued to plummet Monday, fueled by another steep decline in Chinese shares and concerns over a marked slowdown in the world’s second-largest economy and turmoil in emerging market economies.

The Evidence Keeps Pouring In: Capitalism Just Isn't Working

August 24th, 2015
Categories: Economic

Link: http://www.truth-out.org/buzzflash/commentary/the-evidence-keeps-pouring-in-capitalism-just-isn-t-working

To the capitalist, everything is a potential market: education, health care, even the right to water. But with every market failure, it becomes clearer that basic human rights can't be bought and sold like cars and cell phones. The pursuit of profit, when essential needs are part of the product, means that not everyone will be able to pay the price. Some will be denied those essential needs. The capitalist profit motive allows the cost of a hepatitis pill that costs $10 in Egypt to sell for $1,000 in the United States, and the cost of a blood test to range from $10 to $10,000 in two California hospitals (a 100,000% markup at the second hospital).

More than 40 countries express interest in creating free trade zone with EAEU

August 24th, 2015
Categories: World, Economic

Link: http://tass.ru/en/economy/816020

More than 40 countries have expressed interest in creating a free trade zone (FTA) with the Eurasian Economic Union (EAEU), the Russian Economic Development Minister Alexey Ulyukayev said Monday at the East Asia Summit (EAS).

Global Ponzi scheme threatens to implode

August 24th, 2015
Categories: World, Economic

Link: http://www.wsws.org/en/articles/2015/08/24/pers-a24.html

The global panic, which has wiped out over a trillion dollars in stock values in the US alone, has shattered the claim that the US and world economies are in the midst of an economic recovery. What appears to be coming to an end is the period when massive infusions of cash by central banks into the financial markets, combined with a ruthless assault on the living standards of the international working class, could paper over the systemic character of the crisis and produce a boom in stock prices, corporate profits and the wealth of the financial aristocracy—even as the real economy continued to stagnate.

Refugee Crisis: US Allies Should Stop Global Economic Wars – German Media

August 24th, 2015
Categories: World, Economic

Link: http://sputniknews.com/europe/20150824/1026129269/refugee-crisis-economic-wars.html

In order to resolve the current refugee crisis, European governments should reconsider their foreign policy and force allies of the United States to end global economic wars. The war should be prevented by those who instigate it, otherwise the world will face dark times in the future, DWN wrote.

Black Monday: Wall Street plummets 1000 points at opening bell

August 24th, 2015
Categories: Economic

Link: http://www.rt.com/business/313226-wall-street-stock-rout/

At the opening bell on Wall Street the Dow Jones Industrial Average plummeted as much as 1,000 points in the first minutes of trading. Later it corrected to 485 points down or around three percent.

Forget The Dips, Sell The Rips

August 24th, 2015
Categories: World, Economic

Link: http://www.zerohedge.com/news/2015-08-24/forget-dips-sell-rips

The great global deflation and capital goods depression now unfolding, negative economic news will now be seen for what it is—–a confirmation that the great 20-year central bank driven bubble is over, and that inflated incomes and profits will be coming back to earth.

Global Trade In Freefall: Container Freight Rates From Asia To Europe Crash 60% In Three Weeks

August 23rd, 2015
Categories: World, Economic

Link: http://www.zerohedge.com/news/2015-08-23/global-trade-freefall-container-freight-rates-asia-europe-crash-60-three-weeks

Unprecedented slowdown in world trade volumes, likely to unleash yet another global recession."
Third consecutive week of falling freight rates on the world’s busiest route and rates are now nearly 60 percent lower than three weeks ago.

American Corporations: Workers Pay Taxes, Not US!!! - Video

August 23rd, 2015
Categories: Economic

Link: http://investmentwatchblog.com/american-corporations-workers-pay-taxes-not-us/

“The U.S. federal government is bringing in more money in taxes than ever before. Over $2.67 trillion has come in so far this fiscal year, according to the latest Treasury Department report. That’s a record. The burden has shifted from companies to individuals. In the early 1950s, corporations accounted for over 30% of U.S. tax revenues. Today, businesses pay about 11% of taxes, according to the U.S. Treasury.”*

The Way We Live Now

August 22nd, 2015
Categories: Economic

Link: http://www.weeklystandard.com/keyword/Economics

Credit card machines busy at high-end retailer Nordstrom’s (sales up 5 percent)... home ownership rate has fallen to 63.4 percent, the lowest in almost fifty years despite some of the most attractive mortgage interest rates on record.

EU backs Greece’s Tsipras as Left Platform splits from Syriza

August 22nd, 2015
Categories: News, World, Economic

Link: http://www.wsws.org/en/articles/2015/08/22/gree-a22.html

The new elections are part of a political conspiracy involving both Syriza and the newly formed Popular Unity Party to impose unpopular austerity measures.
In bid to ram through austerity package, Tsipras calls snap elections in Greece

Macedonian police use stun grenades on migrants at Greek border, thousands break through (VIDEO)

August 22nd, 2015
Categories: News, Economic

Link: http://www.rt.com/news/313113-migrants-storm-macedonia-border/

A large group of migrants, who have been prevented from entering Macedonia from Greece for the past week, overwhelmed border guards on Saturday afternoon, causing multiple injuries in the process.

Global markets enter correction on China fears

August 22nd, 2015
Categories: World, Economic

Link: http://www.rt.com/business/313105-global-markets-correction-china/

Biggest slowdown in Chinese manufacturing in 6yrs.
In the US, Wall Street had its biggest one-day drop in four years on Friday leaving the Dow industrials more than 10 percent below a May record.

Panic sell-off on world financial markets

August 22nd, 2015
Categories: Economic

Link: http://www.wsws.org/en/articles/2015/08/22/pers-a22.html

The global stock market sell-off that began last week with China’s surprise decision to devalue its currency escalated on Thursday and Friday in a wave of near-panic selling, plunging markets from Asia and Europe to the US and Latin America into negative territory for the year.

Eurasian Counter Gambit: Sino-Russian Alliance 'Acting as Magnet for World'

August 22nd, 2015
Categories: World, Economic

Link: http://sputniknews.com/politics/20150822/1026076063/china-russia-alliance-challenge-us.html

While US interventionists continue to promote a collection of policies that have repeatedly failed, China and Russia are acting as a magnet for forces of "the rest" aiming to build an entirely new economic infrastructure.

After the Bailout: The Spoils of Greece Are Bound for Germany

August 21st, 2015
Categories: News, Economic

Link: http://sputniknews.com/europe/20150821/1026011941.html

The 'Asset Development Plan' for Greece is out and it's all go for the privatization of the country. Hellenic sea ports, air ports, motorways, petroleum companies, water and gas supply, real estate, holiday resorts - it's all for sale. Debt laden Greece has been forced to sell the family silver in an all too familiar tale with ancient history repeating itself. The Hellenic Public Asset Development Fund has been published by German Green MEP Sven Giegold who said the Greek people "hardly know" what will be sold off and that they have "the right" to know.

Global stocks in 'panic mode' as Chinese factory slump drags on markets

August 21st, 2015
Categories: News, World, Economic

Link: http://www.theguardian.com/business/2015/aug/21/global-stocks-in-a-tailspin-as-chinese-factory-slump-drags-on-markets

Wall Street opens lower amid heavy selling across Asia-Pacific and European markets as new data deepens concerns about China’s spluttering economy
A succession of devaluations in China's yuan focused attention on the country's weakening economy. A succession of devaluations in China’s yuan focused attention on the country’s weakening economy.

This 2 Day Stock Market Crash Was Larger Than Any 1 Day Stock Market Crash In U.S. History

August 21st, 2015
Categories: News, Economic

Link: http://theeconomiccollapseblog.com/archives/this-2-day-stock-market-crash-was-larger-than-any-1-day-stock-market-crash-in-u-s-history

Sunrise Globe Earth Planet Space - Public DomainWe witnessed something truly historic happen on Friday. The Dow Jones Industrial Average plummeted 530 points, and that followed a 358 point crash on Thursday. When you add those two days together, the total two day stock market crash that we just witnessed comes to a grand total of 888 points, which is larger than any one day stock market crash in U.S. history.

After the Bailout: The Spoils of Greece Are Bound for Germany

August 21st, 2015
Categories: World, Economic

Link: http://sputniknews.com/europe/20150821/1026011941.html

The 'Asset Development Plan' for Greece is out and it's all go for the privatization of the country. Hellenic sea ports, air ports, motorways, petroleum companies, water and gas supply, real estate, holiday resorts - it's all for sale. The selling of Greek assets to raise $56 billion (€50bn) was demanded by Greece's creditors, the Troika

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