[KR746] Keiser Report: Private Finance or Public Swindle?

We discuss the public swindle that is the Private Finance Initiatives which have left the UK £222 billion deeper in debt In the second half, Max continues with his interview of Sandeep Jaitly about negative yielding bonds. They also discuss GOFO and gold.


Kim Jong Camer-Un rallies the troops by Sketchaganda

camer un1

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Meet Cyber P3 – The U.S. Military’s Public-Private Partnership to Create Corporate/Government “Cyber Soldiers”

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If there’s one thing I’ve learned over the years, it’s that whenever you hear the term “public-private” partnership, brace yourself for a screw job of epic proportions. It’s in exactly the same vein as the classic observation uttered by the late comedian, George Carlin, about politics:

The word bipartisan means some larger-than-usual deception is being carried out. 

It makes perfect sense if you think about it. If you’re a large corporation, there’s nothing better than guaranteed profits; and there’s no better way to guarantee profits than by going into business with the one entity that can do this: government. On the other hand, if you are an ambitious and greedy politician, what better way to earn a fortune while ostensibly engaging in “public service” than by lining the pockets of big corporations, which will then line your pockets in return in various opaque ways. Extraordinary fees for speeches is one preferred way of doing this, as is the classic revolving door that gives the person a cushy corporate job after leaving government.

Read more here.

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THE SHILL ON THE CITADEL

THE SHILL ON THE CITADEL


Fund Manager: Economy is Entering Crash Mode!

The business inventory to sales ratio is starting to mirror the stock market and the dollar and go parabolic.
Given that the economy appears to be entering “crash mode,” and given that the money supply is now almost 5x higher than it was in 2009, and given that Treasury debt outstanding is now $7 trillion dollars – or 64% – higher now than in 2009, and given that interest rates can only go negative, I would suggest that the Fed is out of tricks and what is coming at us in the system is going to be much WORSE than what occurred in 2008.

Click here for more on why this fund manager believes the US economy has entered CRASH MODE:

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Disrupt or Be Disrupted

Either join the disruptors or prepare to be disrupted.

Disruptive technology is a tiresome cliche, as every Twitter/ AirBnB/ Uber/ Skype/etc. wannabe start-up declares itself disruptive. That the vast majority of self-congratulatory start-ups are over-hyped and derivative should not distract us from the larger reality that some technologies do in fact disrupt how things are done.

Fossil-fueled mechanization, for example, turned an overwhelmingly rural farming society into a highly urbanized services-dominated economy.

In the more recent past, CraigsList single-handedly turned the newspaper industry from an immensely profitable license to print money (via costly classified ads) to a struggling sector with an unclear future.

Read more ›

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Greek Debt Crisis Coming To Head – “Second Currency” For Greece and Contagion?

Greek Debt Crisis Coming To Head – “Second Currency” For Greece and Contagion?

- Greece Rapidly Running Out Of Cash – Soon Must Fold To Troika Or Default
- IMF Rebuff Greek Suggestion To Delay Repayments
- ECB’s Draghi Warns Potential “Grexit” Puts EU In “Uncharted Waters”
- Despite Threats, Greece Remains Defiant, Won’t “Budge On Red Lines”
- ECB Considering A “Second Currency” For Greece

The Greek government and its “partners” appear to be reaching the end of the road in their negotiations to release the final €7.2 billion of its €240 billion bailout deal.

Greek drachmas

Eurozone countries are demanding that the new Greek government produce a list of reforms that prove its credibility before releasing euros to them. However, Finance Minister Varoufakis is suggesting that Greece will not retreat from its red lines and did not rule out a referendum or early polls if talks remain deadlocked.

Greece is rapidly running out of cash with which to pay public sector wages, pensions and welfare payments. At the same time Greece is expected to pay €930 million which is due over the next few weeks.

It would appear as though the moment of reckoning is fast approaching. If an agreement has not been reached by Friday when the Eurogroup of Finance Ministers meet in Riga it is quite likely that Greece will default. Read more ›

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Labour unveils new poster by Sketchaganda

LABOURPOSTER1

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American Justice – FBI Lab Overstated Forensic Hair Matches in 95% of Cases, Including 32 Death Sentences

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The American justice system is broken. Completely and totally broken. This has been one of the key themes here at Liberty Blitzkrieg since inception, and I’ve come to realize that the death of the rule of law is the single most important issue facing our society at this time.

This site has focused on the increased use of selective prosecution in these United States. If you are poor, disenfranchised, or a dissident, the full force of the law will rain down on your skull like a thousand tons of bricks. We have seen this repeatedly in cases such as the South Carolina man who was fined $525 and fired from his job when he failed to pay for a $0.89 soda refill. We saw it in the case of Aaron Swartz, the child prodigy was driven to suicide by overly aggressive and ambitious feds. Finally, we saw it in the case of Barrett Brown, who was threatened with over a century in jail for essentially exposing the criminality of certain very rich and/or powerful individuals…

Read the rest here.

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NEOCLOWN CIRCUS…

NEOCLOWN KRISTOOL


Has The Fed Already Lost?

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The Fed may well have already lost its mission of restoring economic growth, but is unable/unwilling to admit it yet.

This report shines on a light on the Fed’s urgent need to raise rates before the next recession hits, so that it has some ability to lower them again — yet the Fed trapped at ZIRP (and possibly on its way to NIRP) because raising rates at this time would likely put a bullet in the weak ‘recovery’.

Click here to read the full article


The ‘Trew Boycott Hedge Fund’ @trewboycotthf effectively gives Russell Brand @rustyrockets keys to Wall St. and City of London to drain away unlimited amounts of cash to fund good.


The Changing World of Work 5: “Human Robots” and High-Level Skills

A diploma by itself does not create value; only experiential skills create value.

While it is impossible to summarize the job market in a vast, dynamic economy, we can say that the key to any job is creating value. That can be anything from serving someone a plate of mac-and-cheese to fixing a decaying fence to feeding chickens to securing web servers to managing a complex project–the list is essentially endless.

The question is: how much value does the labor create? The value created, and the number of people who are able to do the same work, establishes the rate employers can afford to pay for that particular task/service.

Read more ›

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