FBI Confirms No Major Terrorism Cases Cracked via Unconstitutional Patriot Act Phone Spying

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As time has passed and the years have gone by, it has become increasingly clear that the phone records collection program hasn’t stopped a single terror attack. In fact, a recently published report by the Justice Department’s inspector general admitted as much. This takes on increased significance with parts of the Patriot Act set to automatically sunset on June 1st

Read more here.

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What are our politicians paying in tax? Tax Justice Network Podcast May 2015

Do our politicians believe in the societies they serve or not? The Tax Justice Network‘s Taxcast looks at making the tax returns of our elected representatives public and the inspirational achievement of journalist Umar Cheema of the Centre for Investigative Reporting in making Pakistan only the fourth country in the world to publish the tax returns of its Parliamentarians. Also: how the British general election demonstrates political capture by finance interests; libertarian paradise – the world’s newest tax haven; and is Singapore trying to shut down reporting on its tax haven status?

Featuring: John Christensen of the Tax Justice Network, @UmarCheema1 of the Centre for Investigative Reporting in Pakistan. www.cirp.pk Produced and presented by @Naomi_Fowler for the Tax Justice Network.

“A senior Finance Ministry official told me that when the government of Pakistan decided to make tax data public, they got to hear from the UK authorities that now we will come under pressure to do the same in the UK. I don’t know when they do but one should hope for the best and the Tax Justice Network must use the example of Pakistan for pressuring the authorities in London.”

~ @UmarCheema1

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‘Titanic’ Global Economy May “Collapse” Warn HSBC – Gold Is Lifeboat

‘Titanic’ Global Economy May “Collapse” Warn HSBC – Gold Is Lifeboat

-“The world economy is like an ocean liner without lifeboats …” – HSBC
- Four areas of high risk identified by HSBC
- Risk of stock market crash
- Pension funds and insurers may not meet obligations
- Chinese recession may drag U.S. into recession or depression
- Premature rate rise would expose very fragile global economy
- “There aren’t enough lifeboats to go round”
- Gold vital lifeboat when global ship strikes iceberg  

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The chief economist of the world’s third largest bank, HSBC’s Stephen King, has compared the global economy to the Titanic. Read more ›

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OBAMA’S MASSIVE FIGHT WITH WALL STREET

OBAMA'S MASSIVE FIGHT WITH WALL STREET 2


Number of NYC Apartments for Rent Above $50k/Month Triples Since ’08; 82% of U.S. Construction = Luxury Units

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The oligarch recovery marches forward with reckless enthusiasm, despite extremely disturbing underlying trends which are all but guaranteed to result in significant societal unrest in the years ahead. The U.S. economy, and indeed the global economy, is much more similar to pre-1789 France than any other historical period I can think of.

You have a handful of super wealthy people, completely disconnected from any sense of reality, running around telling governments what to do. All the same characters who created the global financial crisis remain in charge of the world’s most powerful institutions, and continue to benefit handsomely from its aftermath. While claiming to have “saved the global economy,” the only thing they really saved were their own positions of power and wealth. The only thing that was saved, was the very thing that should have been completely discarded, the global status quo. 

Read the rest here.

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4 Factors Signaling Volatility Will Return With A Vengeance

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In this article, renown financial system critic and best-selling author Nomi Prins identifies the 4 brewing risk factors that are swiftly propelling us into a new era of higher and more unpredictable price volatility in the financial markets.
The relative stability of the past half-decade is over, and those with capital invested in the system ignore the arriving turbulence at their peril.
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[KR760] Keiser Report: The Dream Thieves & Sick Economies

We discuss the national economic patient with a diagnosis our central banks can’t understand and why it is the economy will never return to ‘normal.’ In the second half, Max interviews John Aziz (Twitter: @Azizonomics) about Keynesianism and what it could do for our sick economies.


Our Social Depression

This erosion of opportunities to complete life’s stages and core dramas is rarely recognized, much less addressed.

The consequences of economic stagnation are not limited to finance: stagnation is causing a social depression. We can best understand this social depression by examining how the natural stages of human life are being disrupted.

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Help find this man by Sketchaganda

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Gold Bullion “Less Sexy” Than Bitcoin … For Now

Gold Bullion “Less Sexy” Than Bitcoin … For Now

– “There is a global financial bubble”
– Stock markets and bond markets at all time record highs
– Medium to long term, gold’s “fundamentals look very sound”

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Wilfred Frost of CNBC:

Do you think markets are adequately pricing in the risks that are present around the world today, particularly in Europe and the gold price itself?

Mark O’Byrne of GoldCore:

No i don’t think so. I think in light of the “Grexit” which you just mentioned and also the “Brexit” and the overall debt positions globally – we would have a concern that there is a global financial bubble with stock markets at all time record highs, bond markets at all time record highs.

Meanwhile gold prices have traded sideways as you said for a long period of time. We have had a serious correction and we believe there is consolidation. It looks undervalued. At the same time it could go lower before it goes higher. I think technically there is a weakness there and I think there is support at $1140 so short-term there is weakness, quite possibly, but medium to long term the fundamentals look very sound. Read more ›

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Stocks and Bonds Are Due for a Generational Crash of 75%

From the point of view of history, a reversion to generational lows is inevitable, and a valuation level around 50% of GDP for stocks is a fair target.

If we look back to 1981 valuations of stocks and bonds as a guide to valuations at the next generational low, we find stocks and bonds are due for a 75% drop. The Great Bull market in bonds and equities took off after 1981, and has run higher for 34 years (notwithstanding a spot of bother in 2000-02 and 2008-09).

Before credit bubbles became the New Normal, the stock market was valued at less than 50% of GDP. Now stocks are valued at over 200% of GDP, as are bonds. Together, the total securities valuation is over 400% of GDP:

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How UCLA Tried to Negotiate a Lower Speaking Fee, but Hillary Clinton Refused and Demanded $300,000

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Hillary’s greed, cronyism and phoniness is so incredibly shameless, genuine progressives such as Elizabeth Warren and Bernie Sanders can’t help but call her out despite the fact that, other than Rand Paul, pretty much every other Republican running for President is an overt fascist. That’s how bad Hillary really is.

Although her entire career in politics has consisted of pandering to financial oligarchs and other powerful interests, she continues to successfully dazzle the ignorant with empty, disingenuous class warfare rhetoric. Nevertheless, when it comes to the choice between her getting paid and the public interest, guess what she chooses every time?

Read the rest here.

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