The unemployment rate in the eurozone is higher than it has ever been before. This week we learned that eurozone unemployment came in at an all-time high of 12.2 percent for September. Back in January 2012, it was sitting at just 10.4 percent. So anyone that believes that "things are getting better" in Europe is just being delusional. In fact, the economic depression in Europe just keeps getting deeper. The funny thing is that the mainstream media will barely call what is going on in Europe a "recession" even though the unemployment rates in both Spain and Greece are now much higher than anything that the United States ever experienced during the "Great Depression" of the 1930s. There haven't been as many headlines about the financial crisis in Europe lately because the ECB has been papering over the debt problems of the periphery (at least for the moment), but the economic conditions on the ground for average Europeans just continue to get even worse. Later on in this article, you will read about a 25-year-old Spanish man with three college degrees that moved to London in a desperate search for a job who is now cleaning up poop for a living. The economic collapse of Europe continues to march on, and there is no end in sight. (Read More....)
It is only a matter of time before a massive EMP burst fries the U.S. electrical grid. What that happens, how are you going to survive? In the United States today, we are completely and totally dependent on electrical power. Unless you are Amish (or are a part of a similar community), you probably have absolutely no idea how to survive in a world without electricity. Unfortunately, our electrical grid is extremely vulnerable at this point. As you will see below, intelligence officials believe that China and Russia already have “super-EMP weapons”, and a whole host of smaller nations and terrorist groups are believed to be working on developing similar weapons. But even if the U.S. is never attacked by an EMP weapon, scientists tell us that it is inevitable that a massive solar storm will fry our electrical grid someday. If an event similar to the solar storm of 1859 happened today, it would be absolutely catastrophic. Known as “the Carrington Event”, that massive solar storm fried telegraph machines all over Europe and North America. At some point we will experience another such solar storm, and some scientists believe that we are already 50 years overdue for another one. In fact, the earth had a “near miss” just a few months ago. (Read More.....)
Submitted by Tyler Durden on 10/31/2013 - Presented with no comment...
Submitted by Tyler Durden on 10/31/2013 - Al Jazeera America has done some great work in obtaining the official NSA talking points via a Freedom of Information Act request. As might be expected, the agency tells its people to use the attacks on September 11, 2001 to manipulate public opinion into accepting unacceptable levels of surveillance. One of the highlights, actually lowlights, of the document is what the NSA refers to as a “soundbite that resonates.” Here it is: "I much prefer to be here today explaining these programs, than explaining another 9/11 event that we were not able to prevent."
Submitted by Tyler Durden on 10/31/2013 -
Are genetically modified foods, better known as GMOs, safe to eat? Although there is no definitive answer to this question yet, American consumers eat genetically engineered foods all the time. However, the maze of labeling laws makes choosing whether or not they want to eat them a totally different story.
Submitted by Tyler Durden on 10/31/2013 - If you believe that there is high inflation in the United States, you are just imagining things. That is the message that the U.S. government and the Federal Reserve would have us to believe. Of course anyone that shops for groceries or that pays bills regularly knows what a load of nonsense the official inflation rate is. The U.S. government has changed the way that inflation is calculated numerous times since 1978, and each time it has been changed the goal has been to make inflation appear to be even lower. But if the mainstream news actually reported 'the real' number, everyone would be screaming and yelling about getting inflation under control. Instead, the super low number that gets put out to the public makes it look like the Federal Reserve has plenty of room to do even more reckless money printing. It is a giant scam, but most Americans are falling for it.
Submitted by Tyler Durden on 10/31/2013 - "The employment situation in America is in a state of serious dysfunction," is how Elliott Management's Paul Singer begins his discussion of the problems (that existed before 2008) that are getting worse... "A related problem in America is benefits policies that encourage dependency. This is insidious and life-draining, because a balance must be struck between helping those truly in need and providing harmful incentives for able-bodied people not to work. If the government makes it less economically attractive to work than to receive a check, the predictable result will be an increase in handouts and a drain on the productive sectors of the economy."
Submitted by Tyler Durden on 10/31/2013 - Over a year ago we discussed the "next Industrial Revolution" and where it might appear from. 3D printers were envisioned among Goldman's top disruptive themes earlier this year and as UBS notes, 3D printing – or additive manufacturing – has been catching investors’ imaginations in recent months. Some commentators have suggested the technology has the potential to literally transform the world economy and dismantle global supply chains; while UBS points out that, others have suggested the technology is hyped and has little promise beyond a few niche product areas in manufacturing. The truth, Andrew Cates believes, probably lies somewhere in between but he is nevertheless more sympathetic to those who champion the technology’s disruptive – even revolutionary - qualities.
Submitted by Tyler Durden on 10/31/2013 - 19:44
Submitted by Tyler Durden on 10/31/2013 - It’s hard to maintain monopoly status in a free market when you have to deal with all that competition and whatnot. Between other companies’ low prices and new, updated products entering the market each day, it’s almost like Rich Uncle Pennybags is a thing of the past. But fret not! The politicians of the world would like to offer anyone dead set on controlling an entire industry the chance to shine. So come one, come all — government agencies, cronies, and all their friends — as we present the five best ways to create a monopoly and to ensure you never have to compete again.
Submitted by Tyler Durden on 10/31/2013 - Presumably you've already made plans for surviving a zombie apocalypse. You have detailed escape routes, stockpiled weapons made for killing zombies, stores of food... or at least plans for these things. But have you thought through the important economic factors that might make the difference between surviving and losing your brain to one of the walking dead? If uncertainty about how market prices and currency changes might affect your odds in a zombie-dominated society has been keeping you up at night, fear not. In this video, Prof. Anthony Davies provides a crash course in how a zombie apocalypse is likely to affect the economy. Hint: sell your designer shoes now while you can. And buy bullets.
Submitted by Tyler Durden on 10/31/2013 - The spat between the US and Germany is getting worse by the minute. Following yesterday's meaningless escalation by the Treasury accusing, via official pathways, Germany of being the main culprit for Europe's lack of recovery (and Germany's subsequent retaliation), it is Germany's turn now to refocus public attention on Big Brother's spying pathology when a union representing Germany's journalists advised its members earlier today to stop using Google and Yahoo because of the latest report implicating the NSA in eavesdropping on Google and Yahoo.
Submitted by Tyler Durden on 10/31/2013 - Power, or perceived power, is a viciously addictive narcotic. It doesn't matter what political or philosophical background a person hails from, very few have the self discipline or the self awareness necessary to relinquish the trappings of power once they have tasted it. This truth applies to conservatives as much as it applies to liberals. The bottom line is, whether Obamacare is successfully implemented or not, whether the debt ceiling is raised again or not, whether the Left passes every agenda on its list or not, our system is broken and it is going to collapse. There is no way around it. More debt and more fiat printing means stagflationary collapse. Default and austerity means stagflationary collapse. If liberals want to place blame for this conundrum, then they should focus on the people who actually set the original fire – international and central bankers. Constitutional conservatives have been the only people attempting to inform the American public of the facts surrounding our current fiscal crisis.
Submitted by Tyler Durden on 10/31/2013 - In the 1977 Eagles song, Hotel California, a luxury hotel appears inviting and offers a tired traveller comforting relief from his journey. It turns out to be something of a nightmare, however, and he finds that "you can check out anytime you like, but you can never leave". BNP's Paul Mortimer-Lee asks "does that sound a little bit like QE and the Fed?" The FOMC signalled its intention to check out of QE at its June meeting, but by September, it found it could not leave. Is that not just like QE1 and QE2, the scheduled ends of which had to be reversed within relatively short periods? The question now is whether or not we should expect repeated market obstacles to a QE3 exit. Why? Because, as we have noted numerous times, flows matter.
Submitted by Tyler Durden on 10/31/2013 - When 325lb WWE/WWF Professional Wrestler "Kane" speaks, one tends to listen and so when Glenn Thomas Jacobs addresses the reality of the Fed and the actions of the Jekyll-Island-created "entity" the world should perhaps pay attention. When an admittedly eloquent giant of mass media explains discusses "our enemy the Fed," and the tasks facing Americans, we hope (for 2 brief minutes) the message gets past the Miley Cyrus headlines...
Submitted by Tyler Durden on 10/31/2013 - Good news (Chicago PMI) was very bad news and sent stocks into freefall early on. Hedgers then appeared to lift their protection (sending VIX lower) and igniting a surge back to the highs in stocks, tagging the stops, and then stocks slumped to end October (among the best month in the year for most indices) with a 2-day losing streak (the first in over 3 weeks) but EU stocks outperformed. Stocks had been ignoring the "taper-on" trends in Bonds (7Y TSY +5bps on week), USD (+1.3% on week), and precious metals (-2% on the week), but into the close, volume picked up and equities tumbled. Silver and Gold were monkey-hammered lower (ending Oct +1% and-0.3% respectively). FX markets saw USD bid aggressively (though CAD strengthened against the greenback). Credit remains considerably less enthusiastic than stocks. An ugly close for stocks... (blamed on Israel for now)
Kurt Nimmo | Strike on Russian SA-8 surface-to-air missiles comes after U.S. backed off war rhetoric.
David Knight | Is the shutdown of the last US smelter part of a multi-pronged attack on ammunition?
Adan Salazar | Seattle songwriter blissfully unaware that gun-free zones are ideal targets for potential mass murders.
Paul Joseph Watson | Humana blames increase on “ACA compliance”.
Steve Watson | Underlings at spy agency were given orders to invoke terror attacks.
Infowars.com | Jury nullifies false arrest of Nick Finch who supported Second Amendment.
Kit Daniels | UNESCO won’t grant Alamo “World Heritage” status without property restrictions in “buffer zone.”
Paul Joseph Watson | Answer to the mystery could also inform us as to what’s behind the ‘Google Barges’.
Michael Snyder | If you believe that there is high inflation in the United States, you are just imagining things.
Infowars.com | Sen. Paul aims to hold Obama to his promise of most transparent administration ever.
CNBC | To the surprise of virtually no one…
williambanzai7 10/31/2013 - 15:18
Don't be frightened boys and girls. It's just the government...
Submitted by williambanzai7 on 10/31/2013 15:18 -0400
The surprise guest arrives...
Are we at the
beginning of a new cycle of rising interest and rising prices? No, and here's
why. Demand for gold
in the Middle East remains robust and there has been an eightfold increase or
700% increase in demand in recent years. Geopolitical uncertainty in the
region, from Libya to Egypt to... 5
aftershocks of the financial crisis Top
Hospitals Opt Out of Obamacare... NSA
SPYING ON OBAMA? GOLDMAN
SACHS pays Hillary nearly half a million -- for two speeches? Ted
Cruz's Dad Says Obama Should Go 'Back to Kenya'... Snowden
Gets Job... REPORT:
8,400 Security Clearance Holders Owe IRS $85 Million in Unpaid Taxes... Man
sets new record driving coast to coast in under 29 hours... Man
Jailed for Overdue Library Book... STUDY:
Left-Handed People More Likely To Suffer Schizophrenia...
scammed by Madoff
Why didn’t my bank deposit clear?
5 tech trends driving the future of
Book Details Consideration of Replacing Biden on 2012 Ticket...
6 OBAMACARE ENROLLEES ON FIRST DAY
GOOGLE Veteran Tapped to Fix Site...
Issa subpoenas Sebelius...
Revelations Boost Corporate Paranoia...
More whistleblowers coming forward...
Obama Curbs Spying on IMF, World Bank...
REPORT: Ready to Testify...
Average speed of 98mph...
Are we at the beginning of a new cycle of rising interest and rising prices? No, and here's why.
Demand for gold in the Middle East remains robust and there has been an eightfold increase or 700% increase in demand in recent years. Geopolitical uncertainty in the region, from Libya to Egypt to...
5 aftershocks of the financial crisis
Hospitals Opt Out of Obamacare...
SPYING ON OBAMA?
GOLDMAN SACHS pays Hillary nearly half a million -- for two speeches?
Ted Cruz's Dad Says Obama Should Go 'Back to Kenya'...
8,400 Security Clearance Holders Owe IRS $85 Million in Unpaid Taxes...
sets new record driving coast to coast in under 29 hours...
Man Jailed for Overdue Library Book...
STUDY: Left-Handed People More Likely To Suffer Schizophrenia...