Was Mercer An ISIS Plant?


Posted on 5th October 2015 by Administrator in Economy

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Why did CNN attempt to turn a black man into a white man? Curious minds want to know.

Guest Post by Karl Denninger

Things get more curious by the day…

First, there has been floating around for the last few days a report that the shooter in Oregon was on a Russian Terror Watchlist — one that that Obama administration refused to consider.  All the sources on this point to a somewhat-sketchy European point of origin, but it definitely bears watching.

Then there is the “curious” CNN whitewash of the shooter’s face.  The shooter was clearly a black man and yet CNN did severe violence to his complexion, whitening it to look like a white guy who had never seen the outdoors!  In the process, however, the managed to delete the moles on his face, which gave away their deception since the image that they used as a source with the background intact (and thus easily compared) is still around.  Why, CNN, did you attempt to change the apparent race of the shooter?

Third, if this man was indeed not crazy but instead an ISIS/ISIL/MuzzieNutjob or both then that destroys the narrative being pressed by Obama (and now Hitlery too) on gun control, doesn’t it?  Never mind that Hitlery’s “forefront charge”, she claims, is facially bankrupt.  She has said she wants “100% background checks at gun shows” and has promised to do so via “executive action” should she be elected.  Well, Oregon already has that via state law.  It did nothing to change outcomes, did it?

I remind everyone that virtually every mass-shooting, with a couple of exceptions over the last two decades, has taken place in a so-called “gun free” zone.




Posted on 1st October 2015 by Administrator in Economy |Politics |Social Issues

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A Ghanaian immigrant defrauding the U.S. taxpayer of $3.6 million warms the cockles of my heart. This is Obama’s most successful program. Who else could increase the number of SNAP recipients by 12 million AFTER the recession was officially over? The government drones running this corrupt program don’t give a shit about fraud. It is all about getting votes for Democrats. 

Do you realize how many people had to be involved in this fraud to reach $3.6 million? The people giving away their cards at a discount for cash are then using the cash to buy cigarettes, booze and drugs. So they are guilty of fraud too. You can bet the clueless government drones running the SNAP program did not uncover this. It was probably a citizen who observed what was happening.

Every government program is racked by rampant fraud, malfeasance, waste, corruption, and ineptitude. And the willfully ignorant masses want them to run more of our lives.

Let’s bring in another 100,000 muslim refugees per year to keep the SNAP program growing.

By the looks of that fat ass bitch, she certainly ate well off those foodstamps.

A US Based Ghanaian Woman-Vida Ofori Causey Pleads Guilty to $3.6 Million Fraud | You Won’t Believe What She Did

Vida Ofori Causey

Trust certain Ghanaians to take their ‘shenaniganism’ to the backyards of whoever opens his country for them and while at it, they are sure to make global headlines with their ‘get rich schemes.’

A Ghanaian based in Worcester, USA has pleaded guilty to $3.6 million fraud after she was busted for screwing the United States food stamp benefit system, which is to help support people of low income.

Vida Ofori Causey, 45, pleaded guilty to “federal court charges in connection to the theft of $3.6 million in food stamp benefits after she allegedly created numerous bank accounts and bought benefits from eligible people for less than full value,” reports Masslive.Com.




Posted on 25th September 2015 by Administrator in Economy |Politics |Social Issues


Via Knuckledraggin

The Smoking Gun


Posted on 20th September 2015 by Administrator in Economy |Politics |Social Issues

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Guest Post by Karl Denninger

I have written a number of articles related to various violent rage-monster style attacks over the years in this column; Newtown, Aurora Colorado and others.  These attacks, including others such as the infamous Columbine High School shoot-em-up-fest, have a common pair of thematic elements:

  • The assailants were all late adolescents or young adults.and
  • They were all taking, or were just taking, a particular type of anti-depressant called an SSRI.

Correlation is not causation and the plural of anecdote is not data.  However, the lack of such rage-monster incidents among other age groups, when these drugs are prescribed across the spectrum of ages, is extremely curious — and troubling.

Now we have data, in the form of two studies. The first deals with an infamous Glaxo study known as “329”, which was related to the drug Paxil; the US brought criminal charges against GSK and ultimately a $3 billion fine for its marketing of the drug to children and adolescents — an “off-label” use that cannot be marketed under US law and which GSK claimed was supported by “remarkable efficacy and safety” demonstrated by this particular study.

The problem lies in what was found when the study data was re-analyzed — specifically:

But according to the RIAT team, the effect of paroxetine was not significantly different from placebo for any prespecified primary or secondary outcome measure.

In other words the drug did not work.

But it gets worse:

In the CSR, serious adverse events (defined as an event that “resulted in hospitalization, was associated with suicidal gestures, or was described by the treating physician as serious”) were reported in 11 patients in the paroxetine group, five in the imipramine group, and two in the placebo group.

In other words the rate of serious adverse events including suicidal gestures was more than five times higher in the group receiving the drug than those receiving placebo — on a drug that didn’t work.




Posted on 14th September 2015 by Administrator in Economy |Politics |Social Issues

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In Part 1 of this article I discussed the catalyst spark which ignited this Fourth Turning and the seemingly delayed regeneracy. In Part 2 I will ponder possible Grey Champion prophet generation leaders who could arise during the regeneracy.

The nearly seven year reign of Barack Obama has resulted in furthering wealth inequality, in spite of his socialistic rhetoric. Notwithstanding his Nobel Peace Prize, military spending is at all-time highs and we are engaged in actual and proxy wars across the Middle East and in the Ukraine. Race relations have never been worse. Poverty levels have never been worse. Real median household income is lower than it was in 1989. Real hourly wages are at 50 year lows. Home ownership has plunged to 50 year lows, as middle class workers have been kicked out of their homes and young people are saddled with so much student loan debt and bleak job opportunities they will never have an opportunity to own. The ownership society pushed by Clinton and Bush, with the proliferation of Wall Street created “exotic” subprime mortgages, peddled to people incapable of paying their mortgages, blew up the world in 2008, and the fall out will last for decades.

Meanwhile, Wall Street banks have reaped $700 billion of ill-gotten profits since 2010 as the Federal Reserve has handed them trillions of interest free funds to gamble with, while rigging the financial markets, and paying their executives obscene bonuses. The hubris and arrogance of the Wall Street titans is appalling, as they buy politicians, write toothless financial regulations (Dodd Frank) for their bought off politicians to pass, report fraudulent financial results with the stamp of approval from the FASB, blatantly rig interest rate, currency, stock and commodities markets, and use deception and propaganda to distract and mislead the public through their corporate media mouthpieces – dependent upon Wall Street advertising revenue to thrive.


Anyone Who Believes The Comex Numbers Is A Dope


Posted on 9th September 2015 by Administrator in Economy |Politics |Social Issues

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Via Investment Research Dynamics


“The information in this report is taken from sources believed to be reliable; however, the Commodity Exchange, Inc. disclaims all liability whatsoever with regard to its accuracy or completeness. This report is produced for information purposes only.” – disclaimer now posted on the Comex gold and silver daily warehouse stock report as of Monday, June 3, 2013 – Investment Research Dynamics – June 4, 2013

Yesterday I published an article detailing the Comex gold futures to deliverable physical gold ratio that is now north of 200:1.  But an erudite colleague of mine, John Titus of “Best Evidence,” correctly pointed out that:  “They are probably bluffing.  In other words, the real number is significantly higher than 200:1.

For the record, John does more thorough research on the economic numbers and reports that he studies than anyone I’ve ever come across.  And he does it with the trained analytic eye of a seasoned patent litigation attorney.

Let’s put everything in perspective.  The numerical reports from which fancy graphs and and dry detailed data presentations are created originate from the Too Big To Fail Banks. I’ve said for quite some time that IF the bullion banks who control the Comex and the LBMA are submitting honest data reports for the Comex and LBMA, it would be the only business line in which they do not hide the truth and report fraudulent numbers.  What is the probability of that?


‘Among Major Economies, Only the Chinese Numbers Are More Suspect’


Posted on 8th September 2015 by Administrator in Economy |Politics |Social Issues

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Guest Post by Jesse


On the surface this report shows solid economic growth for the US economy during the second quarter of 2015. Unfortunately, all of the usual caveats merit restatement:

— A significant portion of the “solid growth” in this headline number could be the result of understated BEA inflation data. Using deflators from the BLS results in a more modest 2.33% growth rate. And using deflators from the Billion Prices Project puts the growth rate even lower, at 1.28%.

— Per capita real GDP (the number we generally use to evaluate other economies) comes in at about 1.6% using BLS deflators and about 0.6% using the BPP deflators. Keep in mind that population growth alone (not brilliant central bank maneuvers) contributes a 0.72% positive bias to the headline number.

— Once again we wonder how much we should trust numbers that bounce all over the place from revision to revision. One might expect better from a huge (and expensive) bureaucracy operating in the 21st century.

Among major economies, only the Chinese numbers are more suspect.

All that said, we have — on the official record — solid economic growth and 5.3% unemployment.

What more could Ms. Yellen want?

Consumer Metrics Institute, BEA Revises 2nd Quarter 2015 GDP Growth Upward to 3.70%



Why Did the LBMA Apparently Alter Its Gold Refining Flow Statistics Lower by 2,200 Tonnes for 2013?

1 comment

Posted on 7th September 2015 by Administrator in Economy |Politics |Social Issues

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Guest Post by Jesse

Ronan Manly has published a fascinating analysis of the LBMA gold refining statistic today.

The gold refined by LBMA ‘good delivery’ refiners in Switzerland is sometimes involved in converting existing gold bars into kilobars suitable for export to the Asian Markets.

Ronan Manly offers quite a bit of detail with regard to a very large revision in the LBMA 2013 refining data and suggests that such a large restatement of gold statistics, almost 1/3, without explanation, seems odd.

The supposition is that the LBMA originally counted gold bars that were taken from existing sources, such as their own stores, ETFs, and the Bank of England and re-refined into kilobars for delivery into Asia.   They later restated the number lower by 2,200 tonnes.   We have not been given the exact reason for this, but one suggestion is that the gold did not come from new mining or traditional recycling.

Depending on how the GFMS and the WGC uses the statistics and sources, this could result in a significant (~2,200 tonnes) understatement of the flow of gold from Western sources into Asia in just one year.

What is the LBMA policy decision here, and what about subsequent years of 2014 and 2015?

What is the source of this gold?  And what is so special about 2013?


West Point Professor Calls For Military Strikes On Journalists Critical Of War On Terror


Posted on 3rd September 2015 by Administrator in Economy |Politics |Social Issues

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Submittted by Cassius Methyl via TheAntiMedia.org,

An assistant professor from the U.S. Military Academy at West Point recently declared that professionals critical of the “War on Terror” constitute a “treasonous” opposition that should be subject to military force.

He believes the U.S. should have the right to attack people who are critical of U.S. military operations — specifically, professionals, legal scholars, journalists, and other people effectively spreading ideas that oppose war.

Professor William C. Bradford went as far as to publish a long academic paper in the National Security Law Journal that aggressively promotes suppressing dissent about military force, civilian casualties, and expanding military operations in the Middle East.

Using the excuse that victims would be “lawful targets,” Bradford argues that “law school facilities, scholars’ home offices and media outlets where they give interviews” should be targeted with military force to suppress dissent. He asserted that the war on terror should be expanded, “even if it means great destruction, innumerable enemy casualties, and civilian collateral damage.”

He further suggested that the U.S. should wage “total war” on “Islamism,” using “conventional and nuclear force and [psychological operations]” to “leave them prepared to coexist with the West or be utterly eradicated.”

He said that “Threatening Islamic holy sites might create deterrence, discredit Islamism, and falsify the assumption that decadence renders Western restraint inevitable.”

Despite his self-description as an “associate professor of law, national security and strategy,” a representative of the National Defense University has tried to distance the school from Bradford by saying he wasn’t part of the staff, but rather a contracted professor.

Sporting a long history of exaggeration and pro-military extremism, “He resigned from Indiana University’s law school in 2005 after his military record showed he had exaggerated his service,” according to The Guardian.

Though the man seems to be held in high esteem by the military, he spoke with such disregard for human rights that the National Security Law Journal had to apologize.

The NSLJ released a statement on the front page of its website, saying it “…made a mistake in publishing [the] highly controversial article…”

“The substance of Mr. Bradford’s article cannot fairly be considered apart from the egregious breach of professional decorum that it exhibits,” it admitted.  “We cannot ‘unpublish’ it, of course, but we can and do acknowledge that the article was not presentable for publication when we published it, and that we therefore repudiate it with sincere apologies to our readers.”

Ironically, Bradford has a Master of Laws (LL.M.) degree from Harvard University with a focus in Human Rights Law.

This is a man who is apparently incorporating his violent philosophy into his teaching at West Point. He started on August 1st 2015 — after he published his article.

This is only the tip of the iceberg in forming a complete understanding of the ideological fabric held by many of the war hawks in U.S. Military.



Posted on 31st August 2015 by Administrator in Economy |Politics |Social Issues

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Via Lonely Libertarian

Leveraged Financial Speculation to GDP in the US at a Familiar Peak, Once Again

1 comment

Posted on 30th August 2015 by Administrator in Economy |Politics |Social Issues

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Guest Post by Jesse

“I believe myriad global “carry trades” – speculative leveraging of securities – are the unappreciated prevailing source of finance behind interlinked global securities market Bubbles. They amount to this cycle’s government-directed finance unleashed to jump-start a global reflationary cycle.

I’m convinced that perhaps Trillions worth of speculative leverage have accumulated throughout global currency and securities markets at least partially based on the perception that policymakers condone this leverage as integral (as mortgage finance was previously) in the fight against mounting global deflationary forces.”

Doug Noland, Carry Trades and Trend-Following Strategies

The basic diagnosis is correct.   But the nature of the disease, and the appropriate remedies, may not be so easily apprehended, except through simple common sense.  And that is a rare commodity these days.

Like a dog returns to its vomit, the Fed’s speculative bubble policy enables the one percent to once again feast on the carcass of the real economy.

‘And no one could have ever seen it coming.’

Once is an accident.

Twice is no coincidence.

Remind yourself what has changed since then.  Banks have gotten bigger.   Schemes and fraud continue.

What will the third time be like?  And the fourth?


FEEL GOOD STORY OF THE DAY: A family in public housing makes $498,000 a year


Posted on 18th August 2015 by Administrator in Economy |Politics |Social Issues

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This doesn’t even take into account the hundreds of thousands of people in Section 8 housing who are “earning” money under the table and not reporting it to the IRS. Then there are the additional “tenants” who pay to live there, which is also not reported. This article is only the tip of the iceberg.

Via Washington Post

A public housing project in Brooklyn. (Reuters/Lucas Jackson/File)

A family of four in New York City makes $497,911 a year but pays $1,574 a month to live in public housing in a three-bedroom apartment subsidized by taxpayers.

In Los Angeles, a family of five that’s lived in public housing since 1974 made $204,784 last year but paid $1,091 for a four-bedroom apartment. And a tenant with assets worth $1.6 million — including stocks, real estate and retirement accounts — last year paid $300 for a one-bedroom apartment in public housing in Oxford, Neb.

In a new report, the watchdog for the Department of Housing and Urban Development describes these and more than 25,000 other “over income” families earning more than the maximum income for government-subsidized housing as an “egregious” abuse of the system. While the family in New York with an annual income of almost $500,000 raked in $790,500 in rental income on its real estate holdings in recent years, more than 300,000 families that really qualify for public housing lingered on waiting lists, auditors found.

(HUD Office of Inspector General)