THE TRUE STATE OF THE U.S. ECONOMY: CAVIAR FACIALS AND DESPERATE FIRE SALES ON CRAIGSLIST

By now, it must be completely obvious to anyone paying even the slightest bit of attention that the so-called “recovery” we have supposedly been witnessing for the past several years is nothing more than a wealth transfer to a handful of oligarchs and their political minions. While I am intimately familiar with the process in the U.S., it appears to be a global phenomenon as well.
Domestically, this process has been driven by the complete corruption and insanity of those calling the public policy shots in Washington D.C.
At the heart of that process, resides a group of un-elected economic Central Planners known as the Federal Reserve, or the lender of last resort for oligarchs and cronies who make bad business decisions.

 

 

By Michael Krieger, Liberty Blitzkrieg:

Before I get to the title of this post, I want to highlight a very important article published last week that demonstrates how college graduates are forcing their lesser educated peers out of the workforce by taking jobs that do not require secondary education. If you read this and still can’t be honest that this economy is a total distorted shitshow, I don’t know what to tell you.

From Bloomberg:

Recent college graduates are ending up in more low-wage and part-time positions as it’s become harder to find education-level appropriate jobs, according to a January study by the Federal Reserve Bank of New York.

The share of Americans ages 22 to 27 with at least a bachelor’s degree in jobs that don’t require that level of education was 44 percent in 2012, up from 34 percent in 2001, the study found.

The New York Fed researchers said it isn’t clear whether two decades of increasing underemployment for recent graduates “represent a structural change in the labor market, or if they are a consequence of the two recessions and jobless recoveries in the first decade of the 2000s.”

Two “jobless recoveries.” I’m still trying to figure our how you can have a “jobless recovery.” Perhaps they aren’t recoveries in the first place. Bear in mind that these are the unelected people running the economy.

The share of young adults 20 to 24 years old neither in school nor working climbed to 19.4 percent in 2010 from 17.2 percent in 2006. For those ages 25 to 29, it rose to 21.3 percent from 20 percent in that period, according to a Federal Reserve Bank of Boston report in December.

Thanks for the study Federal Reserve, now get back to funneling interest free loans to financial oligarchs.  The Rest Of The Story Here

20 Facts About The Great U.S. Retail Apocalypse That Will Blow Your Mind

By Michael The Patriot Blogger (Reporter)
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20 Facts About The Great U.S. Retail Apocalypse That Will Blow Your Mind
Sunday, March 9, 2014 17:46

(Before It’s News)
Abandoned Mall – Photo by Justin CozartIf the U.S. economy is getting better, then why are major retail chains closing thousands of stores? If we truly are in an “economic recovery”, then why do sales figures continue to go down for large retailers all over the country? Without a doubt, the rise of Internet retailing giants such as Amazon.com have had a huge impact. Today, there are millions of Americans that actually prefer to shop online. Personally, when I published my novel I made it solely available on Amazon. But Internet shopping alone does not account for the great retail apocalypse that we are witnessing. In fact, some retail experts estimate that the Internet has accounted for only about 20 percent of the decline that we are seeing. Most of the rest of it can be accounted for by the slow, steady death of the middle class U.S. consumer. Median household income has declined for five years in a row, but all of our bills just keep going up. That means that the amount of disposable income that average Americans have continues to shrink, and that is really bad news for retailers.

And sadly, this is just the beginning. Retail experts are projecting that the pace of store closings will actually accelerate over the course of the next decade.
So as you read this list below, please take note that things will soon get even worse.
The following are 20 facts about the great U.S. retail apocalypse that will blow your mind…
#1 As you read this article, approximately a billion square feet of retail space is sitting vacant in the United States.
#2 Last week, Radio Shack announced that it was going to close more than a thousand stores.
#3 Last week, Staples announced that it was going to close 225 stores.
#4 Same-store sales at Office Depot have declined for 13 quarters in a row.
#5 J.C. Penney has been dying for years, and it recently announced plans to close 33 more stores.
#6 J.C. Penney lost 586 million dollars during the second quarter of 2013 alone.
#7 Sears has closed about 300 stores since 2010, and CNN is reporting that Sears is “expected to shutter another 500 Sears and Kmart locations soon”.
#8 Overall, sales numbers have declined at Sears for 27 quarters in a row.
#9 Target has announced that it is going to eliminate 475 jobs and not fill 700 positions that are currently empty.
#10 It is being projected that Aéropostale will close about 175 stores over the next couple of years.

The Rest Of The Story Here

JPMorgan Chase Engaged in Mortgage Fraud: The Securitization Scheme that Collapsed the Housing Market

By Ellen Brown.

In a nearly $13 billion settlement with the US Justice Department in November 2013, JPMorganChase admitted that it, along with every other large US bank, had engaged in mortgage fraud as a routine business practice, sowing the seeds of the mortgage meltdown. JPMorgan and other megabanks have now been caught in over a dozen major frauds, including LIBOR-rigging and bid-rigging; yet no prominent banker has gone to jail. Meanwhile, nearly a quarter of all mortgages nationally remain underwater (meaning the balance owed exceeds the current value of the home), sapping homeowners’ budgets, the housing market and the economy. Since the banks, the courts and the federal government have failed to give adequate relief to homeowners, some cities are taking matters into their own hands.

Gayle McLaughlin, the bold mayor of Richmond, California, has gone where no woman dared go before, threatening to take underwater mortgages by eminent domain from Wall Street banks and renegotiate them on behalf of beleaguered homeowners. A member of the Green Party, which takes no corporate campaign money, she proved her mettle standing up to Chevron, which dominates the Richmond landscape. But the banks have signaled that if Richmond or another city tries the eminent domain gambit, they will rush to court seeking an injunction. Their grounds: an unconstitutional taking of private property and breach of contract.

How to refute those charges? There is a way; but to understand it, you first need to grasp the massive fraud perpetrated on homeowners. It is how you were duped into paying more than your house was worth; why you should not just turn in your keys or short-sell your underwater property away; why you should urge Congress not to legalize the MERS scheme; and why you should insist that your local government help you acquire title to your home at a fair price if the banks won’t. That is exactly what Richmond and other city councils are attempting to do through the tool of eminent domain.The Rest Of The Story Here

TOP 10 SIGNS THAT REVEAL MOUNTING PANIC IN THE WORLD BANKING SYSTEM

TOP 10 SIGNS THAT REVEAL MOUNTING PANIC
IN THE WORLD BANKING SYSTEM

BankRun
Dear Depositor:

We don’t want to cause you unnecessary stress or worry, but it might be prudent to pay attention to a series of unusual news reports recently emanating from the banking world.  Viewed independently, each event might be rather insignificant.

However, when examined collectively, these events paint a very dire warning for the safety of bank deposits everywhere.  Naturally, most all of these have received little to no coverage by the mainstream media.  That is to be expected.

The MSM’s job one is to always obfuscate any potentially dangerous news that has a chance of frightening investors or depositors.  After all, the goal of the world banking cartel/equities Ponzi scheme is to keep depositors and investors relaxed and passive in their comfort zones until the complete collapse of their positions is unavoidable.

Here is a timeline of these very disturbing banking events that have occurred since last fall:

1 – October 3, 2013:  US banks fearing default stock up on cash.  The Financial Times reported today that two of the country’s biggest banks are putting into place a “play book” as preparation for a possible banking panic.  A senior banking executive reported that his bank has delivered 20 – 30% more cash than usual in cash panicked customers try to withdraw cash in mass.

2 – October 12, 2013:  Food stamp card malfunction causes riots at Walmart stores in Louisiana.  The technical problem that eliminated spending limits on food stamp debit cards sets off a bizarre shopping frenzy at Walmart stores in Louisiana.

3 – November 2 – 8, 2013:  A reputed computer glitch wipes out ATMs and online banking on a massive scale.  Major shutdowns of online banking occurred in Alabama, Arizona, and California and affected such banks as Wells Fargo, Chase, Bank of America, Compass, Chase Fairwinds Credit Union, American Express, and others.  Tellers reportedly had a hard time with even simple transactions such as check cashing and checking balances.  Rumors circulated on the internet that the banks are using this temporary shutdown as a beta test for a future full bank “holiday” closure.

Get The Rest Of The Story Here

Dead Bankers, Economic Collapse & the End of Humanity

 

 

Dave Hodges

February 18, 2014

The Common Sense Show 

In 1993, Tom Cruise starred in the movie, The Firm, in which an unwitting recent law school graduate went to work for a major Memphis law firm which paid its newest junior partners exceptionally well. Unfortunately for Cruise, the Firm was a mafia controlled law firm which specialized on legitimizing laundered money derived from organized criminal activities. When any of the lawyers deviated from the criminal enterprise script, they were murdered. Anyone who posed a threat to the Firm, was murdered. The movie, The Firm, is not just a Hollywood movie, it is being acted out in real life.

The Banking Industry Is a Criminal Enterprise Organization

Doug Hagmann has recently revealed the existence of a massive Wall Street surveillance grid conducted between an interlocked triumvirate of the NYPD, the CIA and the banks themselves. And just like the movie, The Firm, the surveillance grid is designed to eliminate all people who could pose a potential threat to bankster operations. Hagmann also revealed that the Senate has looked at financial “irregularities” of JP Morgan in a heavily censored report released in 2013. The cat is out of the bag. These murders represent damage control to keep the plot of a global financial meltdown being engineered by the banksters. Despite the cover-up, there is still enough evidence to conclude that a financial meltdown is in our near future.

Doug Hagmann, in the same article, also revealed the trail of deaths of important bankers who have been suicided. At least it appears they have been suicided unless you believe the fiction  of the following story that “Richard Talley, 57, was the founder and CEO of American Title, a company he founded in 2001. Talley and his company were under investigation by state insurance regulators at the time of his death. He was found in the garage of his Colorado home by a family member who called authorities. Talley reportedly died from seven or eight “self-inflicted” wounds from a nail gun fired into his torso and head”. Just like the movie, The Firm, any potential whistleblowers are being murdered before they can testify, hence, the reason, behind the recent rash of murders of the bankers. 

It appears that the “smart banksters” got out in the nick of time. In a December 9, 2012 interview on The Common Sense Show, Jim Marrs discussed how approximately 400-500 top level bankers have left the USA in a sudden and dramatic fashion

What ever is coming, is international.Chinese Banks Are Hiding “The Mother of All Debt Bombs” There are also reports which suggest that “Shadow Bankers” have been leaving China for that past year. 

There is a planned economic collapse coming and gold will, once again, become the new standard bearer of wealth.

On June 2, 2014, while appearing on The Common Sense Show, former World Bank attorney revealed that the World Bank refuses to surrender gold which rightfully belongs to Germany.

The coming economic collapse and resulting social chaos has not escaped the attention of the intelligence agencies. In December of 2012, I revealed that many former alphabet soup agency members have gone into hiding with like-minded people of similar backgrounds in previously prepared communities to escape some catastrophic societal event. Is this also why former DHS director, Janet Napolitano resigned to assume a mediocre position 

There is an undeniable pattern here. The world is heading for a global economic collapse which is designed to usher a “Brave New World” with draconian features which will be discussed in a future article. The coming global economic apocalypse is only half of the plot that a small number of banksters have concocted in order to control all wealth in the country. The rest of this report will demonstrate how the rank and file in this are having their every resource cataloged and tracked as a precursor to total confiscation of all wealth.

Read the rest of the story here: http://thecommonsenseshow.com/2014/02/18/dead-bankers-economic-collapse-the-end-of-humanity/

Soros Bets Big On Market Crash

“Soros Put” Hits Record As Billionaire’s Downside Hedge Rises By 154% in Q4 To $1.3 Billion

Tyler Durden's picture

Submitted by Tyler Durden on 02/17/2014 22:15 -0500

Actually, two curious findings: the first was that the disclosed Assets Under Management as of December 31, 2013 rose to a record $11.8 billion (this excludes netting and margin, and whatever one-time positions Soros may have gotten an SEC exemption to not disclose: for a recent instance of this, see Greenlight Capital’s Micron fiasco, and the subsequent lawsuit of Seeking Alpha which led to the breach of David Einhorn’s holdings confidentiality).

The second one is that the “Soros put”, a legacy hedge position that the 83-year old has been rolling over every quarter since 2010, just rose to a record $1.3 billion or the notional equivalent of some 7.09 million SPY-equivalent shares. Since this was an increase of 154% Q/Q this has some people concerned that the author of ‘reflexivity’ and the founder of “open societies” may be anticipating some major market downside.

Then again, as the chart below shows, as a percentage of total AUM, the put position rose to 11.1% of his notional holdings. By way of reference, as of June 30 2013, his SPY put may have had a smaller notional value, but it represented both more shares (7.8 million), and was far greater as a % of AUM, at 13.5%.

Finally, remember that what was disclosed on Friday is a snapshot of Soros’ holdings as of 45 days ago. What he may or may not have done with his hedge since then is largely unknown, and since there are no investor letters, there is no way of knowing even on a leaked basis how the billionaire has since positioned for the market.

That said, while the SPY puts are most likely simply a hedge to his overall bullish exposure, perhaps more notable was the $25 million call position that Soros put on the gold miners ETF which has been beaten into oblivion over the past year, in the fourth quarter. Does Soros think that it is finally the miners’ turn to shine?