Saturday, May 17, 2014

Central Bankers Are Maneuvering To Cover Up The Economic Collapse With WAR

A German report was released stating that the sanctions on Russia will result in irreparable damage to Germany. Housing permits are up but not for single family homes. Rentals are on the rise and permits for single family homes are down. Obamacare premiums are going up next year. McCain wants weapons shipped into Ukraine. John Kerry’s adviser and friend is now on the board of the Burisma gas company in Ukraine. Kiev now reports all people in Donetsk and Lugansk regions are part of a terrorist organizations. The US and other countries are now making their move to strike Assad in Syria. Be prepared for an event.

To blame one is to blame nearly all for MH370, Hishammuddin says

KUALA LUMPUR, May 16 — “Nearly the whole world” should also be accountable if any country were to be blamed for the still-unsuccessful MH370 search mission, Datuk Seri Hishammuddin Hussein said today, as criticisms continue to pour in over Malaysia’s handling of the aviation disaster.
The acting transport minister pointed out that 26 nations had joined in the search for the Malaysia Airlines plane that went missing more than two months ago, in an unprecedented hunt across land, sea and air.
But today, 70 days since the Boeing 777 aircraft carrying 239 people vanished, searchers have not uncovered a single piece of debris to prove the plane’s last known location.
“If you want to apportion blame, you have to apportion blame to nearly the whole world,” Hishammuddin said in an interview with several newspapers here today on MH370.
He pointed out that what happened to MH370 could happen to airlines from the US, China, Cambodia, Laos or Myanmar.
“It can happen to anybody,” he said.
“Are you trying to say we’ve done so badly? We’ve lasted this long. Okay, we haven’t found the plane, but it’s unprecedented,” Hishammuddin added.
The minister questioned how Malaysia could be held responsible for something “unprecedented” and said investigations were still ongoing.
“Taking responsibility for something that has not unfolded as of yet is premature,” said Hishammuddin.
When pointed out that South Korea’s prime minister had resigned shortly after the ferry sinking that has left more than 300 people dead or missing, Hishammuddin shot back: “But did the president resign?”
“You have to look at it in the context of the political structure of Korea,” he said.
British newspaper The Guardian reported last month that Chung Hong-won’s resignation appeared to be symbolic as South Korean executive power is largely in the hands of the president.
Hishammuddin also said today that even if Malaysia Airlines (MAS) chief executive officer Ahmad Jauhari Yahya were to resign over the disaster, the missing plane would not suddenly turn up.
“You might say we’re responsible; we apologise also, are you saying that 26 countries that have been with us have not done their job? If you’re talking about we don’t have enough technology, the best technology that is available out there, is it also our responsibility? They’re not even our assets,” he said.
Advanced countries like the US, UK and Australia have contributed to the search by deploying sophisticated underwater equipment and military aircraft.
Hishammuddin said he was currently focused on the underwater search coordinated by Malaysia, the US and China.
“Malaysia is well-poised to move forward,” he said.
Hishammuddin also said it was not easy for other countries to do what Malaysia had done in the MH370 crisis, pointing out that Vietnam had allowed Chinese vessels to enter Vietnamese waters in search of the plane, despite the territorial dispute between both countries.
“I think it’s because of Malaysia’s leadership,” he said.

Jim Willie Calls Out The Banking Cabal As The US Dollar Edges Ever Closer To Its’ End.

Jim Willie from joins Sprott Money on ‘Ask The Expert’ and promptly warns that we’re seeing ‘a real acceleration of events’ as we’re on an event schedule unfolding. Sharing the US government has a ‘suicide tendency’, Jim calls out the banking cabal as the US dollar edges ever closer to its’ end.Jim also touches on the clearly showing signs of Germany going east and abandoning the west as a massive economic landslide suddenly can be seen unfolding, yet dependent upon so many wildcards as Jim shares here.

EXPLOSIVE: Fed Deception Revealed Oligarchs Run Economy

Jim Rickards’ Full, In-Depth World Bank Presentation On The Future Of Money

“Again, let’s give the Russians credit – chess is their national sport – and I think Putin has thought this through. One of my concerns is that the White House has not thought it through. There’s a lot of bold talk coming from Capitol Hill and certainly a desire to impose costs on the Russians…Since when do you take territory for free? You know, there’s always costs. It costs money to build an aircraft carrier, it costs money to build a jet plane, and it costs money to wage financial warfare. Of course there are costs – that’s not going to deter someone. Putin is not a wealth maximizer, he’s a power maximizer.”Jim Rickards is a counselor, investment banker and risk manager with over thirty years’ experience in capital markets. He is currently Senior Managing Director at Tangent Capital Partners LLC, a merchant bank based in New York City, and is Senior Managing Director for Market Intelligence at Omnis, Inc., a technical, professional and scientific consulting firm located in McLean, VA. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conducted by the Pentagon. A frequent guest on financial news programs, Rickards is also the author ofCurrency Wars: The Making of the Next Global Crisis and The Death of Money

Moscow Says Massive "Holy Grail" Gas Deal With China Is 98% Ready

We have previously profiled the "holy grail" gas deal between Russia and China on several occasions, and with its announcement scheduled for next week (barring some unmitigated disaster) during Putin's first visit to China since Xi's appointment as president last March, it is time to do a status update on where it stands even if according to SCMP, at this point finding the "holy grail" is merely a formality.
The Hong Kong publication reports that China and Russia hope to sign a massive deal for natural gas supply when their leaders meet in a regional summit in Shanghai next week, a senior diplomat has said. Under the deal, Russia will supply 38 billion cubic metres of natural gas annually to China for 30 years. Deputy Foreign Minister Cheng Guoping told reporters yesterday that President Xi Jinping would discuss the deal and other points of co-operation with his Russian counterpart, Vladimir Putin, who will visit Shanghai on Tuesday.
Russian Deputy Energy Minister Anatoly Yanovsky said on Monday that the deal was "98 per cent ready". Supply would begin no later than the end of 2018.

Indicating just how important China now is to Russia, Bloomberg adds that traveling with Putin will be the who-is-who of Russian politics and business:
  • Gazprom CEO Alexey Miller also in delegation as Russian President Vladimir Putin visits China on May 20-21, Yuri Ushakov, Kremlin foreign policy aide, tells reporters in Moscow.
  • Ushakov also says that Russia-China trade may reach $100b as early as this year.
  • Gazprom working on China gas deal, Rosneft working onSinopec deal, Novatek working on deal
  • China-Russia talks demand compromises on both sides
  • Worsening relations with U.S. and allies "clearly to some degree influence" China talks
  • Billionaire Oleg Deripaska also traveling to China
As reported previously, the deal is between Russia's Gazprom and China National Petroleum Corporation (CNPC), but the two sides have yet to agree on pricing despite more than a decade of negotiations. Xi will meet Putin on the sidelines of the Conference on Interaction and Confidence Building Measures in Asia, to be attended by 46 nations and agencies.
"The companies of the two nations are exchanging views on the pricing issue," Cheng said. "We will strive to get the companies to sign the natural gas co-operation deal and [have it] witnessed by both state leaders while Putin is in China."
Cheng said Xi and Putin reached a consensus over natural gas co-operation when Xi attended the Sochi Winter Olympics in February. Companies of both nations have reached agreement on many aspects of the deal.
Russian business daily Vedomosti reported last month that the companies were negotiating a price in the range of US$360 to US$400 per 1,000 cubic metres.

Gazprom chief executive officer Alexey Miller said last year that the supply could be boosted to 60 billion cubic metres a year over the period of the contract. The gas would be supplied via two pipelines entering northeast and northwest China.

Russia has been trying to diversify its energy export base beyond the European market, where Gazprom generates about 80 per cent of its revenue.

China relied on imports for nearly a third of its natural gas needs, Xinhua said.

It imported 53 billion cubic metres of natural gas last year, according to the China National Petroleum Corporation.

Putin's visit will be his first to China since Xi was named president in March last year.
Quid pro quo: "Observers expect both leaders to take a united stand on major international issues, and Putin may seek China's support on Russia's dealings with Ukraine."
And also on the dollar as we reported in "Russia Holds "De-Dollarization Meeting": China, Iran Willing To Drop USD From Bilateral Trade." In which case expect random Chinese space rockets to mysteriously explode during take off too.

US Foreclosures Drive Up Suicide Rate: Study

Middle-aged adults especially vulnerable

Activist Post

The recent U.S. foreclosure crisis contributed significantly to the nation's jump in suicides, independent of other economic factors associated with the Great Recession, according to a study by Dartmouth and Purdue professors publishing Monday.

The study, publishing in the June issue of the American Journal of Public Health and available online now, is the first to ever show a correlation between foreclosure and suicide rates.

The authors analyzed state-level foreclosure and suicide rates from 2005 to 2010. During that period, the U.S. suicide rate increased nearly 13 percent, and annual home foreclosures hit a record 2.9 million (in 2010).

"It seems that foreclosures affect suicide rates in two ways," said co-author Jason Houle, assistant professor of sociology at Dartmouth College. "The loss of a home clearly impacts individuals and families, and can arouse feelings of loss, shame, or regret. At the same time, rising foreclosure rates affect entire communities because they're associated with a number of community level resources and stresses, including an increase in crime, abandoned homes, and a sense of insecurity."

The effects of foreclosures on suicides were strongest among adults 46 to 64 years old, who also experienced the highest increase in suicide rates during the recessionary period.

"Foreclosures are a unique suicide risk among the middle-aged," Houle said. "Middle-aged adults are more likely to own homes and have a higher risk of home foreclosure. They're also nearing retirement age, so losing assets at that stage in life is likely to have a profound effect on mental health and well-being."

Houle's co-author is Michael Light, assistant professor of sociology at Purdue University.

While other studies have shown links between economic cycles and suicide rates, this is the first to look specifically at foreclosures.


Russia-China trade may exceed $100 billion by year's end - Putin's aide

Russia-China trade may exceed $100 billion by year's end - Putin's aide

Russia's trade with China may reach the $100 billion mark by the end of the year, Russian presidential foreign policy aide Yuri Ushakov told reporters Friday. “The outlook for this year is very favorable, judging from the growth rates for trade in the first quarter of 2014, we can go as far as $100 billion in bilateral turnover by the end of the year,” he said.

Ushakov added that China remains a major trading partner for Russia, with bilateral trade reaching $88.8 billion last year, according to RIA Novosti. According to data released in early May by China’s General Administration of Customs, Chinese-Russian trade turnover for the first quarter period increased by 3.4 percent year-on-year to $29.05 billion.
In line with the most recent figures, Chinese Ambassador Li Hui earlier lauded the continued growth of Russian-Chinese bilateral cooperation. In a continued effort to cement business ties with Beijing, Russian President Vladimir Putin is expected to visit China next week to sign a number of bilateral agreements, including potential Russian gas supplies to China.
Read more:

Japan's national debt totaled a record-high ¥1.02 quadrillion

Japan's national debt totaled a record-high quadrillion yen. A quadrillion is 1,000 trillion, or 10 15 or a one followed by 15 zeros
What does the United States have in common with Japan’s economy? Demographics of an aging population have consequences for both countries. As Japan News reports, National debt hits record high.
“Japan’s national debt totaled a record-high ¥1.02 quadrillion as of the end of March, up ¥33.36 trillion from a year earlier, the Finance Ministry said.
The central government debt, which increased ¥7.01 trillion from the end of December last year, kept rising mainly due to ballooning social security costs in line with the aging of the population.”
Last year Forbes viewed their debt crisis as staggering

JIM WILLIE: Germany Preparing Gold-Backed Nordic Euro — Europe is the ‘Grand Prize’

Europe is the grand prize. And it’s always been the grand prize. Well, due to NATO and World War II considerations, the United States is pretty much captured, colonized, integrated Europe. That’s about to change … It’s not just going to be the Russian Ruble or the Chinese Yuan. It will involve the Gulf Dinar, with the Saudis. I think it will involve the Nordic Euro. The Germans, with their friends the Dutch, the Austrians and the Finns, Finland… They’re all ready. They’re just waiting for the moment. They’ve got a Nordic Euro, and they’ve got plans for gold backing[transcription: Silver Doc]

India Economy Fails

DAP may cause another May 13, warns Isma

In its latest salvo, Ikatan Muslim Malaysia (Isma) has warned that DAP may edge Malaysia towards another racial bloodletting similar to that in May 13, 1969.
Among others, Isma vice-president Abdul Rahman Mat Dali (right) accused DAP of putting into motion steps to "dilute" and "alter" Malaysia's identity from an Islamic to a non-Islamic nation.
He said the issues championed by DAP and the Chinese have the potential to destroy unity and harmony in Malaysia.
Under its 'Malaysian Malaysia' concept, he noted that DAP promoted socialist and secular ideologies as well as equality among the races, which go against Islam and the federal constitution.
"If this is allowed to continue, it has the potential to divide and spark off chaos like what happened on May 13, 1969," he added.
After receiving the support of almost 90 percent of the Chinese community, Abdul Rahman said DAP has become arrogant and bold, constantly pushing the government for Chinese interests.
He added that they do not acknowledge or pretend to have forgotten the social contract during Independence where the Malays "sacrificed to accept these immigrants as citizens".
The Isma leader said the DAP leadership is challenging the status of the Malays, claiming that they are not indigenous people of this land and do not need to be accorded special rights.
"For example, their harsh criticism on the aid given to Malays, the existence of Mara, UiTM, MRSM, scholarships and Malay quota.
"All these hurts the Malays and what they (DAP) leaders are doing goes against the meaning and spirit of the federal constitution," he added  in an article titled 'Between Isma and DAP, who threatens unity and harmony?' published on Ismaweb.
Previously, Isma president Abdullah Zaik Abdul Rahman courted flak when he described the Chinese Malaysians as intruders.

These Fragile Markets Are At A Tipping Point

Jason Burack and Mo Dawoud from Wall St for Main St did a general market update. We discussed the stock market and why we think the market is at a tipping point due to QE taper and bad economic data. Also, we talked about John Maynard Keynes and his impact to the economy, China economy and much more.

Iowa Hospital Announces Layoffs Due To ObamaCare

No Raises For Anyone: Real Hourly Wages Decline For The First Time Since 2012

In order to justify the US "recovery", one of the recurring themes has been that wages of US workers are going up.... any minute now.
And since any minute now has been the common refrain for about five years now, some are getting skeptical. Not us: we have known since 2009 that the Fed's "plan" of making billionaires trilionaires fixing the economy won't work from the start, but we are always willing to be convinced otherwise.
So for all those who keep warning that wage inflation is just around the corner (you know who you are), please point out on the chart below - which shows that real hourly wages just had their first annual decline since October 2012 - where this wage inflation is so stubbornly hiding?