We Are About To Witness Orchestrated Financial Destruction And Social Unrest That Is Beyond Imagination

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By Robert Fitzwilson of The Portola Group

March 9 (King World News) – While last week ended on a positive release from the Bureau of Labor Statistics on the number of jobs created, the number lacks credibility as others have already pointed out. The push for plausibility for the case to raise interest rates continues at a feverish pace.
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Just Another Friday

Just as the financial markets breathed a sigh of relief after Fed Chair Janet Yellen suggested that a policy change in rates was further in the distance than was expected, the jobs report on Friday sent both the stock and bond markets into a tailspin. The oil and precious metals markets were also hit, but Friday is the traditional day for the elites to take down the metals, particularly with the Indians on the sidelines….

It has been said that there is a fine line between clever and stupid. When we assess the actions and language of the elites, it is really hard to say which is the case. While everyone should agree that raising interest rates in the face of a secularly weakening global economy is suicidal, that is exactly what the central bankers keep threatening. Whether it is clever or just plain stupid will make no difference. A meaningful rise in rates will collapse the global financial system.

Since the global financial bubble took off in earnest in 2000, it is sobering to reflect on the changes. In 2000, the U.S. work force numbered around 153 million. The U.S. work force in 2015 is roughly 148 million, a huge decline despite the fact that the population is significantly higher. In 2000, the median income was a little over $28,000. In 2015, the median income is slightly above $28,500, but in reality real incomes have plunged because of massive money printing and inflation.
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A Real Tragedy

The median price of a new home in that period has soared from $170,000 to $295,000. It is no wonder that rents are skyrocketing. Home affordability is beyond the reach of the average person. Strong housing numbers are primarily in the multi-family dwellings. The media hypes any strength in those numbers, but it really reflects the tragedy of generations suffering a dramatic fall in their standards of living. The statistics for much of the rest of the world are equally tragic.

At the same time, the number of people not participating in the labor force has also mushroomed. In 2000, the number was 78 million. Currently, it is approaching 93 million.
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Does Each Family Really Owe $730,000?

Turning to debt, the average family in the U.S. is on the hook for $730,000 just for the federal obligations. At a time when most people have little or no savings and are saddled with credit card and student loan debts, it is a ridiculous number to think will ever be serviced for much longer let alone repaid.

The Rest Of the Story Here

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MUST WATCH! Stocks Plunge, Dynamics Changing Rapidly. Meltdown Ahead. By Gregory Mannarino

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HALLELUJAH!!! – UNEMPLOYMENT PLUNGES DUE TO 354,000 AMERICANS LEAVING THE WOKFORCE

Posted on 6th March 2015 by theburningplatform.com

This shit is almost too funny to read. The Bureau of Lies & Scams (BLS) just issued their seasonally adjusted, excel spreadsheet enhanced, monthly propaganda data for February. They have the balls to report that an economy that is hemorrhaging energy jobs, seeing retailers close stores by the hundreds, has seen manufacturing new orders decline for six straight months, has corporate profits falling, has real median household income sitting at 1989 levels and has seen 80% of all economic reports miss to the downside is creating 295,000 new jobs in the middle of the coldest, snowiest February in years. The BLS uses classic government logic. When in doubt, lie.

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Of course, the BLS is still using their excel spreadsheet Birth Death model to add 132,000 phantom jobs into the calculation for all the small business hiring going on out there. It has already been documented that there are more businesses closing than opening in the US. This adjustment is a farce. It is untrue. It is more likely to be negative 132,000, which would eliminate virtually all the new jobs just reported. As usual the household survey reports an entirely different result than the blaring positive headlines in the corporate mainstream media.

A critical thinking person might wonder how the labor participation rate could go even lower (37 year lows) if the unemployment rate just reached a seven year low of 5.5%. The BLS counts on the faux journalists at CNBC and Marketwatch to not think critically. So you need to go elsewhere for some truth. Here it is:

Here is the blunt truth. Last month there were 148.2 million working age Americans working and 101.5 million working age Americans not working. This month there are 148.3 million working age Americans working and 101.6 million working age Americans not working. Does that sound like progress or stagnation?
The BLS expects you to believe that in the midst of a supposed economic recovery, 354,000 working age Americans decided to leave the workforce in one month because their financial situation is so sound. How stupid do they think we are, or are they so incompetent with their models and measurements that they just make this shit up?
We should be so proud. The 92.9 million Americans not in the labor force is an all-time record. Who needs a job when you can “earn” a $50,000 per year life on welfare or SSDI. Working is for suckers.

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What are the 1.5 million working age Americans who left the workforce in the last 12 months doing? What are the 13 million working age Americans who have left the workforce since 2008 doing?
Since 2008 we’ve added 3 million jobs, while 13 million people have supposedly left the workforce, and the unemployment rate is supposedly lower today than it was in 2008. So the working age population is up by 16 million, we only have 3 million more jobs, but the unemployment rate has fallen from 5.8% to 5.5%. This is simply hysterical. The blatant lies, manipulation and utter bullshit is mind boggling in its outright dishonesty.
How come the household survey says there are only 96,000 more people employed than in January, but the blaring headline only proclaims the 295,000 from the other survey? Propaganda at its finest.
But at least were adding those high paying service jobs for waitresses, fry cooks, social services workers and retail clerks. They accounted for 45% of the jobs added. Services accounted for 259,000 of the 295,000 supposed jobs added. At least all these workers can glory in the 1.97% wage increase they’ve earned in the last year. I’m sure that is going a long way in paying those Obamacare premium increases and 10% rise in food costs.

Government reports are like the American Dream. You have to be asleep to believe them.

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SITUATION CRITICAL: Debt From Thin Air, Economic Meltdown. By Gregory Mannarino

Click Here For "The Global Economy Is Heading For An Epic Crash and It Cannot Be stopped" Article

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Lord Rothschild: ‘Investors face a geopolitical situation as dangerous as any since WW2’

Chairman of the popular RIT Capital Partners investment trust warns savers of ‘chaos, extremism and aggression’ around the world, with ‘horrendous’ problems in Europe
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Lord Rothschild has served on the board of the Courtauld Institute of Art and chaired the National Gallery for seven years during the 1980s Photo: Rex Features

By Richard Dyson

Jacob Rothschild, the 78 year-old banker and chairman of RIT Capital Partners, has delivered savers in the £2.3bn trust a stark warning about global instability and the fragility of future returns.
He used his chairman’s statement in the trust’s 2014 annual report to outline his concerns, saying that on top of a “difficult economic background” investors face “a geopolitical situation perhaps as dangerous as any we have faced since World War II”. He said this was the result of “chaos and extremism in the Middle East, Russian aggression and expansion, and a weakened Europe threatened by horrendous unemployment, in no small measure caused by a failure to tackle structural reforms in many of the countries which form part of the European Union”. This was a much gloomier assessment of the world than the picture painted in his statement a year ago. Then, he listed the major dangers as the slowdown in China’s growth and a possible over-valuation of shares. The trust was established in the Sixties with the aim of overseeing much of Jacob Rothschild’s personal wealth. He and his daughter Hannah, who is also on the trust’s board, together own shares worth approximately £160m. RIT is popular among private investors thanks to its excellent track record and its conservative approach to conserving capital (see graph, below or Click Here For More Charts). The “preservation of shareholders’ capital remains our highest priority, taking precedence over tactical manoeuvres based on short term returns,” Lord Rothschild has stressed. Its 2014 results, just published, show assets up almost 10pc in the year. Increasing demand for its shares meant the share price rose even more significantly, up 13.3pc over the year. Dividends for 2015, to be paid in April and October will be up 2pc. The trust was listed on London’s Stock Exchange in 1988 since when it has delivered an average annual return of 12pc.
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Source: Numis
It invests in a range of assest including shares in quoted businesses, other funds and property. It owns the £33m leasehold of Spencer House, for example, an 18th century mansion in central London, which is let for functions.

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BREAKING BAD (DEBT) – EPISODE THREE

In PART ONE of this three part article I laid out the groundwork of how the Federal Reserve is responsible for the excessive level of debt in our society and how it has warped the thinking of the American people, while creating a tremendous level of mal-investment. In PART TWO I focused on the Federal Reserve/Federal Government scheme to artificially boost the economy through the issuance of subprime debt to create a false auto boom. In this final episode, I’ll address the disastrous student loan debacle and the dreadful global implications of $200 trillion of debt destroying the lives of citizens around the world. Getting a PhD in Subprime Debt
“When easy money stopped, buyers couldn’t sell. They couldn’t refinance. First sales slowed, then prices started falling and then the housing bubble burst. Housing prices crashed. We know the rest of the story. We are still mired in the consequences. Can someone please explain to me how what is happening in higher education is any different?This bubble is going to burst.” – Mark Cuban
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Now we get to the subprimiest of subprime debt – student loans. Student loans are not officially classified as subprime debt, but let’s compare borrowers. A subprime borrower has a FICO score of 660 or below, has defaulted on previous obligations, and has limited ability to meet monthly living expenses. A student loan borrower doesn’t have a credit score because they have no credit, have no job with which to pay back the loan, and have no ability other than the loan proceeds to meet their monthly living expenses. And in today’s job environment, they are more likely to land a waiter job at TGI Fridays than a job in their major. These loans are nothing more than deep subprime loans made to young people who have little chance of every paying them off, with hundreds of billions in losses being borne by the ever shrinking number of working taxpaying Americans.

Student loan debt stood at $660 billion when Obama was sworn into office in 2009. The official reported default rate was 7.9%. Obama and his administration took complete control of the student loan market shortly after his inauguration. They have since handed out a staggering $500 billion of new loans (a 76% increase), and the official reported default rate has soared by 43% to 11.3%. Of course, the true default rate is much higher. The level of mal-investment and utter stupidity is astounding, even for the Federal government. Just some basic unequivocal facts can prove my case.

There were 1.67 million Class of 2014 students who took the SAT. Only 42.6% of those students met the minimum threshold of predicted success in college (a B minus average). That amounts to 711,000 high school seniors intellectually capable of succeeding in college. This level has been consistent for years. So over the last five years only 3.5 million high school seniors should have entered college based on their intellectual ability to succeed. Instead, undergraduate college enrollment stands at 19.5 million. Colleges in the U.S. are admitting approximately 4.5 million more students per year than are capable of earning a degree. This waste of time and money can be laid at the feet of the Federal government. Obama and his minions believe everyone deserves a college degree, even if they aren’t intellectually capable of earning it, because it’s only fair. No teenager left behind, without un-payable debt.
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According to National Center For Educational Statistics, colleges and universities will award 1 million associate’s degrees and 1.8 million bachelor’s degrees in 2014-2015. So they are admitting more than 5 million in the front end, with only 2.8 million ever earning a degree. That means almost 50% never graduate, confirming the SAT predictive results. Then there is the fact an associate’s degree and most of the liberal arts degrees awarded qualify the graduate for a fry cook job at Burger King. What is even more fascinating in this episode of absurdity is the fact undergraduate enrollment has fallen by 930,000 in the last two years and stands only 700,000 higher than when Obama took office. A critical thinking person might ask how student loan debt could grow by $500 billion when college enrollment only grew by 700,000. That is $711,000 per additional student in college. Something doesn’t add up.

The Federal government couldn’t possibly have doled out $500 billion to anyone with a pulse as a way to manipulate the national unemployment rate lower, because anyone in school is not considered unemployed. Do you think the $500 billion was spent on tuition and books? Or do you think those “students” used it to for hookers, blow, booze, iGadgets, HDTVs, online poker, weed, fantasy football entry fees, and Linkedin stock? – Whatever it takes to boost GDP. With default rates already at all-time highs and accelerating skyward, with $131 billion of loans already in serious delinquency, you don’t need a PhD from the University of Phoenix (where default rates exceed 30%) like Shaq to realize the American taxpayer is going to get it good and hard once again.

The Rest of The Story Here

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Gregory Mannarino-Staring Down Barrel of Worst Financial Cataclysm Ever

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BREAKING BAD (DEBT) – EPISODE ONE

Posted on 27th February 2015 by theburningplatform.com

“At this juncture, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained.” – Fed chairman, Ben Bernanke, Congressional testimony, March, 2007

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“Capitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.” – James Grant, Grant’s Interest Rate Observer

The Federal Reserve issued their fourth quarter Report on Household Debt and Credit last week to the sounds of silence in the mainstream media. There were minor press releases issued by the “professional” financial journalists regurgitating the Federal Reserve’s storyline. Actual analysis, connecting the dots, describing how the massive issuance of student loan and auto loan debt has produced a fake economic recovery, and how the accelerating default rates in auto loans and student loans will produce the next subprime debt implosion, were nowhere to be seen on CNBC, Bloomberg, the WSJ, or any other status quo propaganda media outlet. Their job is not to analyze or seek truth. Their job is to keep their government patrons and Wall Street advertisers happy, while keeping the masses sedated, misinformed, and pliable.

Luckily, the government hasn’t gained complete control over the internet yet, so dozens of truth telling blogs have done a phenomenal job zeroing in on the surge in defaults. The data in the report tells a multitude of tales conflicting with the “official story” sold to the public. The austerity storyline, economic recovery storyline, housing recovery storyline, and strong auto market storyline are all revealed to be fraudulent by the data in the report. Total household debt grew by $117 billion in the fourth quarter and $306 billion for the all of 2014. Non-housing debt in the 4th quarter of 2008, just as the last subprime debt created financial implosion began, was $2.71 trillion. After six years of supposed consumer austerity, total non-housing debt stands at a record $3.15 trillion. This is after hundreds of billions of the $2.71 trillion were written off and foisted upon the backs of taxpayers, by the Wall Street banks and their puppets at the Federal Reserve.

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The corporate media talking heads cheer every increase in consumer debt as proof of economic recovery. In reality every increase in consumer debt is just another step towards another far worse economic breakdown. And the reason is simple. Real median household income is still below 1989 levels. The average American family hasn’t seen their income go up in 25 years. What they did see was their chains of debt get unbearably heavy. Non-housing consumer debt (credit card, auto, student loan, other) was $800 billion in 1989.

The 300% increase in consumer debt, while incomes stagnated, has created a zombie nation of debt slaves. And this doesn’t even take into account the quadrupling of mortgage debt from $2.2 trillion in 1989 to $8.7 trillion today. This isn’t Twelve Years a Slave; it’s Debt Slaves for Eternity. And who benefits? The Wall Street bankers, .1% oligarchs, and corporate fascists pulling the levers of government and society benefit. An economic and jobs recovery for working Americans is nowhere to be seen in the chart below.

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Total debt on the balance sheet of American consumers (formerly known as citizens) now tops $11.8 trillion, up from the $11.1 trillion trough in 2013. The peak was “achieved” in a frenzy of $0 down McMansion buying, Lexus leasing, and Home Equity ATM extraction in 2008, when the total reached $12.7 trillion. The $1.6 trillion decline from peak insanity had nothing to do with austerity or Americans reigning in their debt financed lifestyles.

The Wall Street banks took the $700 billion of taxpayer funded TARP, sold their worthless mortgage paper to the Fed, suckled on the Fed’s QE and ZIRP, and wrote off the $1.6 trillion. Wall Street didn’t miss a beat, while Main Street got treated like skeet during a shooting competition. Every solution proposed and implemented since September 2008 had the sole purpose of benefitting the criminals on Wall Street who perpetrated the largest financial heist in world history. The slogan should have been Bankers Saving Bankers Since 1913.

The Rest Of The Story Here

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Paul Craig Roberts: World Annihilation Threatened – Trust Now Shattered Between Russia And U.S.

February 27, 2015

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With the eyes of the world still focused on the war in Ukraine, today Dr. Paul Craig Roberts warned King World News that confidence between Russia and the United States has been destroyed and the specter of nuclear Armageddon now stalks the Earth. This is an ominous warning from the former U.S. Treasury official as he is warning global leaders the world is headed for nuclear annihilation.

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By Dr. Paul Craig Roberts Former U.S. Treasury Official

February 27 (King World News) – This week I was invited to address an important conference of the Russian Academy of Sciences in Moscow. Scholars from Russia and from around the world, Russian government officials, and the Russian people seek an answer as to why Washington destroyed during the past year the friendly relations between America and Russia that President Reagan and President Gorbachev succeeded in establishing.

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Putin Has Highest Approval Rating Ever Achieved By Any Leader In My Lifetime

All of Russia is distressed that Washington alone has destroyed the trust between the two major nuclear powers that had been created during the Reagan-Gorbachev era, trust that had removed the threat of nuclear armageddon. Russians at every level are astonished at the virulent propaganda and lies constantly issuing from Washington and the Western media. Washington’s gratuitous demonization of the Russian president, Vladimir Putin, has rallied the Russian people behind him. Putin has the highest approval rating ever achieved by any leader in my lifetime.

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Specter Of Nuclear Armageddon Stalks The Earth

Washington’s reckless and irresponsible destruction of the trust achieved by Reagan and Gorbachev has resurrected the possibility of nuclear war from the grave in which Reagan and Gorbachev buried it. Again, as during the Cold War the specter of nuclear Armageddon stalks the earth.

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Paul Craig Roberts: World Annihilation Threatened – Trust Now Shattered Between Russia And U.S.
February 27, 2015
Paul Craig Roberts: World Annihilation Threatened – Trust Now Shattered Between Russia And U.S.
With the eyes of the world still focused on the war in Ukraine, today Dr. Paul Craig Roberts warned King World News that confidence between Russia and the United States has been destroyed and the specter of nuclear Armageddon now stalks the Earth. This is an ominous warning from the former U.S. Treasury official as he is warning global leaders the world is headed for nuclear annihilation.

King World News Roberts I 2:27:2015

By Dr. Paul Craig Roberts Former U.S. Treasury Official

February 27 (King World News) – This week I was invited to address an important conference of the Russian Academy of Sciences in Moscow. Scholars from Russia and from around the world, Russian government officials, and the Russian people seek an answer as to why Washington destroyed during the past year the friendly relations between America and Russia that President Reagan and President Gorbachev succeeded in establishing.

KWN Roberts I 2:17:2015

Putin Has Highest Approval Rating Ever Achieved By Any Leader In My Lifetime

All of Russia is distressed that Washington alone has destroyed the trust between the two major nuclear powers that had been created during the Reagan-Gorbachev era, trust that had removed the threat of nuclear armageddon. Russians at every level are astonished at the virulent propaganda and lies constantly issuing from Washington and the Western media. Washington’s gratuitous demonization of the Russian president, Vladimir Putin, has rallied the Russian people behind him. Putin has the highest approval rating ever achieved by any leader in my lifetime.

King World News Roberts V 2:27:2015

Specter Of Nuclear Armageddon Stalks The Earth

Washington’s reckless and irresponsible destruction of the trust achieved by Reagan and Gorbachev has resurrected the possibility of nuclear war from the grave in which Reagan and Gorbachev buried it. Again, as during the Cold War the specter of nuclear Armageddon stalks the earth.

King World News Roberts III 2:27:2015

World Annihilation

Why did Washington revive the threat of world annihilation? Why is this threat to all of humanity supported by the majority of the US Congress, by the entirety of the presstitute media, and by academics and think-tank inhabitants in the US, such as Motyl and Weiss, about whom I wrote recently?

It was my task to answer this question for the conference. You can read my February 25 and February 26 addresses below. But first you should understand what nuclear war means. You can gain that understanding here: http://thebulletin.org/what-would-happen-if-800-kiloton-nuclear-warhead-detonated-above-midtown-manhattan8023 ***To Read The Paul Craig Roberts Address to the 70th Anniversary of the Yalta Conference, Hosted by Institutes of the Russian Academy of Sciences and Moscow State Institute of International Relations, Moscow, February 25, 2015…Continue reading on page 2 by CLICKING HERE

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The Psychological Reasons Why Americans Have Embraced Their Enslavement

23 Feb, 2015 by Dave Hodges

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Knowledge is a precursor to action and self-empowerment. Subsequently, how and where we get our news is critically important. This article explores how America sits upon the abyss of total brainwashing and how the last vestige of unbiased truth is about to disappear.

The Digital Age of News

Just over 75% of Americans get news at least daily, including 60% of adults under age 30, from the Internet on a regular basis. Almost half of all American adults with access to the Internet subscribe to news alerts. Among smartphone owners, 78% use their device to get news. Seventy-three percent of tablet owners use their device to get news.

“The use of social media does vary by age group: 7 in 10 adults under age 30 say they learned news through social media in the last week, 6 in 10 of those age 30-39, 4 in 10 age 40-59 and 1 in 5 for those 60 or older. Social media, in other words, has become a significant part of the news consumption habits for many Americans across generations”.
Despite the omnipresence of the Internet as the predominant means that people under the age of 40 get their news and information, Americans are largely clueless that Obama’s FCC has produced a 322 page “net neutrality” document which is so ominous that it nearly guarantees the end of the Independent Media as we know it.

Last night, I interviewed Doug Hagmann about this threat to free speech and uncensored information. Just like Obamacare and the Trans Pacific Partnership, once again, even Congress is not allowed to see the 322 page document. However, leaks would indicate that Internet content will be controlled under hate speech legislation and is designed to promote a prevailing Obama-inspired social and political agenda and that the use of the Internet will soon become prohibitively expensive to use. This is a huge victory for the dying mainstream media and the corporate moguls who have hijacked our government and they are now ready to completely hijack the truth.

It is not surprising that the globalists would try and censor free speech on the Internet because people are increasingly preferring to listen to the Hagmann and Hagmann Report on the Internet, than they would prefer to watch CNN’s Wolf Blitzer on corporate controlled television. What is surprising is that Americans are seemingly taking this censorship lying down and not even putting up a semblance of a protest.

Three Psychological Reasons Why Americans Are Politically Paralyzed

For years, I have said that Americans would be motivated to take to the streets with pitchforks, if the government did two things: (1) try to confiscate guns; and, (2) take away the free and uncensored Internet. I may have been wrong on these two points, because, according to Doug Hagmann, we could be days away from losing the freedom associated with the Internet.

There is a set of psychological reasons why our people, even those that are seemingly more awake than most, would accept this latest tyranny from their government. We know about cognitive dissonance which prevents people from seeing the totality of a threat and thus inhibiting their personal ability to make the paradigm shift needed to accurately perceive the threat. We also know about bystander apathy which stands as an obstacle to getting involved because in this large country, “someone else will do it”. And there is a third psychological reason which prevents us from getting involved because we have been conditioned that our actions cannot make any difference which is reflective of a condition called, learned helplessness.

The Brainwashing of America

Americans have been brainwashed into believing that their government will care for them in their time of need. Has this time in American history been foretold? I believe that it has and that H. G. Wells was the prophetic messenger of the New World Order.

Wells actually understood a concept that modern day psychologists refer to as learned helplessness and he wrote about it in his book, The Time Machine, which was originally published in 1895 and the book was later made into a 1960 hit movie by the same name. The book prophetically told of a time in the distant future where the “normal” inhabitants of the earth would be docile, passive and suffer from the condition that modern day psychologists refer to as “learned helplessness.” What is learned helplessness?

The Rest Of The Story Here

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