Tuesday, January 28, 2014
War is a BANKSTER Racket
most people can’t distinguish between govt propaganda that declare wars as “bringing democracy” to countries versus the truth that wars are a bankster-controlled racket designed to steal resources and make bankers filthy rich. highly decorated army generals have written books to expose the profit-driven reasons for war worldwide.
James Turk: We’re Living Within A Money Bubble of Epic Proportion
Full description and comments:http://www.peakprosperity.com/podcast…
James Turk believes the time we
live in now will be studied by future historians for generations to
come. Just as we today marvel at the collective madness that resulted in
the South Sea and Dutch tulip manias, our age will be known as the era
when society lost sight of what money really is.And as result, the wrong kinds
of wealth — today, that’s mostly financial assets — are valued and
pursued. And just like those bubbles from centuries ago, when the
current asset boom goes bust, the value of paper wealth will vaporize.In contrast, those holding tangible productive assets or real money will fare much better on a relative basis.James and co-author John Rubino (of DollarCollapse.com)
have recently published a new book covering the details of this
prediction called The Money Bubble: What To Do Before It Pops. Within
it, they delve into the reasons for why the world is destined for what
Ludwig von Mises termed a “crack up boom”:
Ukraine borrows $2 billion from Moscow, signals bailout on track
Pro-European integration protesters wearing
masks depicting Russian President Vladimir Putin (R) and Ukrainian
President Viktor Yanukovich joke during a rally in Independence square
in Kiev December 22, 2013.
(Reuters) -
Ukraine is borrowing another $2 billion from Russia on the same terms as
a $3 billion Eurobond sold in December, in a sign that Moscow is
pushing on with a $15 billion bailout despite concern about violence at
anti-government protests in Kiev.
In a geopolitical battle with the European Union after Ukraine spurned a trade pact with the 28-state bloc, Russia agreed on credits and cheaper gas for Kiev in December to help its fellow former Soviet republic meet huge debt payments.
The deal brought a breathing space for the government but the protests have since spiralled into violent unrest in the capital and other cities, forcing President Viktor Yanukovich into talks with opponents who mistrust Moscow.
The Ukrainian government said in a statement on Monday it was issuing $2 billion in Eurobonds to Russia on the same terms as in December, bringing the total amount borrowed - over two years at an interest rate of 5 percent - to $5 billion.
Financial analysts said the statement sought to signal that all is well with the bailout, intended to help Kiev cover external debt repayments of $8 billion this year and boost depleted central bank reserves.
"This is a kind of verbal intervention to partially or completely calm people," said Oleksandr Valchishen of InvestCapital Ukraine, "to appease business and people who could move a lot of money, put pressure on the hryvnia."
Olena Belan, of Dragon Capital, said: "Russia is continuing to support Ukraine because this was the agreement."
In Moscow, the Kremlin and Finance Ministry did not immediately comment. But, signalling Russia is not having second thoughts about the bailout, a government source said: "The help will be extended."
Another government official said, however, it was not clear when Moscow would make the purchase of the further $2 billion.
Underlining that the bailout is as much as political decision as a financial move, the source said: "It's not the Finance Ministry's decision. It is the Kremlin's decision."
"BROTHERLY LOVE"
President Vladimir Putin said in December the bailout was an act of brotherly love for Russia's fellow Slavs in Ukraine. He denied it was a way to keep Ukraine out of the EU's clutches in a tug-of-war over the country of 46 million which is a large trading market and is rich in mineral resources.
Russia regards Ukraine as part of its traditional sphere of influence and the deal was widely seen in Moscow as a victory for Putin that kept Kiev in its orbit.
Since then at least six people have been killed in clashes, according to the prosecutor's office and medics, and the crisis has deepened tension between Russia and the West.
Uncertainty about the fate of the Ukrainian government has mounted because Yanukovich has offered important posts to the opposition, including the role of prime minister.
The thought of the opposition joining the government in Kiev is alarming for Russia because its leaders say they would "take the country into the European Union".
Russian Foreign Minister Sergei Lavrov expressed concern last week that the situation in Kiev was spinning out of control and warned European governments not to meddle in Ukraine.
Russian business daily Vedomosti quoted an unnamed Russian official as saying Moscow would "review the situation" if the political risks in Ukraine grew.
But Putin has said nothing in public of the violence - Russia's options are limited and Vedomosti's source said there had been no discussion of halting credits to Kiev.
Dmitry Peskov, Putin's spokesman, told Russian newspaper Komsomolskaya Pravda last week that Moscow was watching events closely and sometimes with pain but added: "Interfering in (Ukraine's) internal affairs is for us unacceptable."
A presidential aide, Yuri Ushakov, said contacts with the Ukrainian government were continuing at the top level but declined to give details.
(Additional reporting by Lidia Kelly and Jason Bush in Moscow; Writing by Timothy Heritage; Editing by Douglas Busvine and Alison Williams)
Credit: Reuters/Marko Djurica/Files
In a geopolitical battle with the European Union after Ukraine spurned a trade pact with the 28-state bloc, Russia agreed on credits and cheaper gas for Kiev in December to help its fellow former Soviet republic meet huge debt payments.
The deal brought a breathing space for the government but the protests have since spiralled into violent unrest in the capital and other cities, forcing President Viktor Yanukovich into talks with opponents who mistrust Moscow.
The Ukrainian government said in a statement on Monday it was issuing $2 billion in Eurobonds to Russia on the same terms as in December, bringing the total amount borrowed - over two years at an interest rate of 5 percent - to $5 billion.
Financial analysts said the statement sought to signal that all is well with the bailout, intended to help Kiev cover external debt repayments of $8 billion this year and boost depleted central bank reserves.
"This is a kind of verbal intervention to partially or completely calm people," said Oleksandr Valchishen of InvestCapital Ukraine, "to appease business and people who could move a lot of money, put pressure on the hryvnia."
Olena Belan, of Dragon Capital, said: "Russia is continuing to support Ukraine because this was the agreement."
In Moscow, the Kremlin and Finance Ministry did not immediately comment. But, signalling Russia is not having second thoughts about the bailout, a government source said: "The help will be extended."
Another government official said, however, it was not clear when Moscow would make the purchase of the further $2 billion.
Underlining that the bailout is as much as political decision as a financial move, the source said: "It's not the Finance Ministry's decision. It is the Kremlin's decision."
"BROTHERLY LOVE"
President Vladimir Putin said in December the bailout was an act of brotherly love for Russia's fellow Slavs in Ukraine. He denied it was a way to keep Ukraine out of the EU's clutches in a tug-of-war over the country of 46 million which is a large trading market and is rich in mineral resources.
Russia regards Ukraine as part of its traditional sphere of influence and the deal was widely seen in Moscow as a victory for Putin that kept Kiev in its orbit.
Since then at least six people have been killed in clashes, according to the prosecutor's office and medics, and the crisis has deepened tension between Russia and the West.
Uncertainty about the fate of the Ukrainian government has mounted because Yanukovich has offered important posts to the opposition, including the role of prime minister.
The thought of the opposition joining the government in Kiev is alarming for Russia because its leaders say they would "take the country into the European Union".
Russian Foreign Minister Sergei Lavrov expressed concern last week that the situation in Kiev was spinning out of control and warned European governments not to meddle in Ukraine.
Russian business daily Vedomosti quoted an unnamed Russian official as saying Moscow would "review the situation" if the political risks in Ukraine grew.
But Putin has said nothing in public of the violence - Russia's options are limited and Vedomosti's source said there had been no discussion of halting credits to Kiev.
Dmitry Peskov, Putin's spokesman, told Russian newspaper Komsomolskaya Pravda last week that Moscow was watching events closely and sometimes with pain but added: "Interfering in (Ukraine's) internal affairs is for us unacceptable."
A presidential aide, Yuri Ushakov, said contacts with the Ukrainian government were continuing at the top level but declined to give details.
(Additional reporting by Lidia Kelly and Jason Bush in Moscow; Writing by Timothy Heritage; Editing by Douglas Busvine and Alison Williams)
The Mises View: “Problems with the CPI” | Peter G. Klein
Peter
G. Klein answers a viewer’s question, and discusses the growing
evidence of asset price inflation. Klein is the Mises Institute’s
Executive Director and Carl Menger Research Fellow. For more
information, visit the Mises Institute online at mises.org. Submit a question via twitter @MisesView
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This video was originally published on December 6, 2013 and licensed under Creative Commons:http://creativecommons.org/licenses/b…
Link to original video: http://youtu.be/uD0fQBET3Rg
Link to original video: http://youtu.be/uD0fQBET3Rg
Why we should be talking about “Natural Capital”
Our
politicians, bankers, and corporations all tell us that we must “grow
the economy” or else DIE. But that economy is destroying our planet. A
concept called “natural capital” has arisen to combat just that. The
Resident (aka Lori Harfenist) discusses. Follow The Resident at http://www.twitter.com/TheResident
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Here's A Horrifying Picture Of What Unemployment Can Do To You
It's been more than three decades since such a large percentage of
Americans were out of work and not even looking, according to government numbers.
That's a problem for the economy as a whole, but it's an even bigger issue for the people actually struggling without work. Some people, known as the long-term unemployed, are even going six months or more without picking up a paycheck.
All of this has profound consequences for those personally affected by the unemployment crisis. But just what happens to the body under the stress?
(See full-size image here.)
Infographic by Troy Dunham for The Huffington Post.
Here are some resources for those who need help dealing with unemployment:
My Unemployment Resource helps the unemployed attain free forms and information.
Bankrate has advice on everything from COBRA to stock options.
Facts About Unemployment Insurance from the Iowa Workforce Development.
The Unemployment Handbook has advice for job seekers, an unemployment forum and a list of state unemployment offices.
That's a problem for the economy as a whole, but it's an even bigger issue for the people actually struggling without work. Some people, known as the long-term unemployed, are even going six months or more without picking up a paycheck.
All of this has profound consequences for those personally affected by the unemployment crisis. But just what happens to the body under the stress?
(See full-size image here.)
Infographic by Troy Dunham for The Huffington Post.
Here are some resources for those who need help dealing with unemployment:
My Unemployment Resource helps the unemployed attain free forms and information.
Bankrate has advice on everything from COBRA to stock options.
Facts About Unemployment Insurance from the Iowa Workforce Development.
The Unemployment Handbook has advice for job seekers, an unemployment forum and a list of state unemployment offices.
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