US Government Is Bankrupt And Continually Inflating Bubbles To Keep The Illusion Of A Recovery – Episode 795

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Bubble, Debt Illusion of Recovery
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After 6 years of austerity in Greece over 36% are in poverty.  Home builder sentiment rises as existing homes sale and mortgage apps decline. Freddie Mac and Quicken loans take it to the next level to pump up the housing bubble, 3% down while home builders offer 0% down. The US Government is actually bankrupt. Saudi Arabia continues to pump oil, meanwhile the country is suffering and workers can’t be paid. Iran asks Saudi Arabia to cut production. TTIP rules are forcing governments to change their laws for food, pharmaceuticals and much more.Yahoo being sued for reading emails. Global warming is a complete hoax. US armed forces are creating equipment caches all across Europe. US and Japan are preparing to provoke China in the South China Sea. Russia increase sortie missions to 300. Russia bombing now forcing ISIS into Libya. Libya’s puppet government rejects the deal of one government. US preparing with proxy forces to invade Libya. US destroying power stations and physical infrastructure of Syria.

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Current News – 10.19.2015


After 6 Years Of Austerity, 36% Of Greeks In Poverty

  • Thousands of austerity measures, dramatic cuts in incomes, incredible hikes in taxes. Five and a half years in deep recession. Three bailout agreements. And where do Greeks stand now?
  • On top of the Eurozone when it comes to poverty. More than one out of three Greeks, that is    “36% of the Greek population is at risk of poverty and social exclusion,” the EUROSTAT found out – the highest rate within the Euro Zone.
  • According to European union “directives’ poor is an individual or a family with available income of less than 500 euro per month. It can be 480 euro or Zero Euro.


Homebuilder Sentiment Surges To Highest In 10 Years On “Hope” Of Future Sales 

  • Homebuilders are optimistic… despite weakness in current data and stangant buyer traffic, the HANB sentiment index surged to new cycle highs – at the highest since Oct 2005 – thanks to a surge in “futures sales expectations.  homebuilders’ have the ability to see the future,



Freddie Mac Launches “Three Percent Down” Mortgages To Lure Millennial

  • in the Las Vegas market, builders such as Lennar, are rushing to dump new construction to potential purchasers with the “unbeatable” offer of zero money down.


  • One key reason for this sudden panic in the housing market is that the Fed’s rate hike gambit backfired: with economists far and wide expecting rate hikes, the expectation was that potential home buyers would rush to buy homes ahead of rising rates. Not only did this not happen as Wells Fargo’s mortgage application data confirmed..
  •  Pushing the supply into overdrive, of course, and doing more of precisely what got the US financial system (and the bailed out GSEs) in trouble in the first place: handing out virtually free housing, and since the purchase price has to be funded somehow, today Freddie Mac, together with Quicken Loans, announced a new lending program, one which would enable “eligible borrowers” and focusing on millennials, to finance a house with a “down payment of as little as three percent.
  •  “3% down mortgages” are just a teaser to the infamous “zero percent down” which is just around the corner.
  • But wait, there’s more, because once the US goes NIRP , borrowers will actually be paid to take out a mortgage. Just like in Denmark.


Morgan Stanley Q3 Earnings Crash, Revenues Miss By $1.2 Billion;
Daiichi Sankyo – up to 1,200 in the US
CSX Transportation, Inc Erwin TX – Plans 277
Tata Steel ( International ) – 1,000
Zomato – 300 Worldwide
Aston Martin ( International ) – 300
Lockheed Martin Corp – 250 in Missiles / Fire Control
Imation Corp – 124 ?
FMC Corp – 800 to 850

Baltic Dry Index falls to 747, down 7

Yes, The US Government Really Is Bankrupt

  • The government’s own numbers show that official liabilities, including debt held by the public and federal retirement benefits, total $20.7 trillion.
  • Yet the government’s assets, including the value of the entire federal highway system, the national parks, cash balances, etc. totals just over $3 trillion.
  • In total, their ‘net worth’ is NEGATIVE $17.7 TRILLION… a level that completely dwarfs the housing crisis.
  • If you include the government’s own estimates of the Social Security shortfall, this number declines to NEGATIVE $60 TRILLION.
  •  isn’t it a little bit scary to consider that the government’s #1 asset is its ability to steal money from you?
  • Or that the only way the government can make its liabilities go away is by defaulting on the promises it has made to its citizens?
  • That’s their only way out: steal from you, and default on you.


Oil squeeze forces Saudi Arabia to stop contractor payments

  • Facing Dire Financial Straits, Saudi Arabia Delays Contractor Payments To Preserve Cash
  • Companies working on infrastructure projects in Saudi Arabia haven’t been paid for six months or more,
  • Payment delays increased lately as the government wants to cut prices on contracts in order to preserve cash, the sources said.
  • Saudi Arabia is currently facing a budget deficit for the first time since 2009. It comes on the back of sliding crude prices with oil sales accounting for almost 80 percent of the country’s revenues.


Tehran urges OPEC to reduce crude output to boost prices

  • Iranian Oil Minister  says OPEC cartel members should cut crude output so prices can bounce back to $70-$80 per barrel.
  •  the cartel continues to exceed its own quota of 30 million bpd for the 16th consecutive month trying to protect its share in the world oil market. And OPEC’s most dominant member, Saudi Arabia, has been cutting prices to secure new markets. 


Russia to supply generators to Cuba

  • The Russian government has ratified an agreement to provide generators at the Maximo Gomes and Este Habana power plants in Cuba.



Obama’s Proposed Atlantic TTIP Trade Deal with Europe. “Public Services Under Attack”

  • Here is the opening of:
  • 3.1 Public services: everything must go
  • To ensure maximum coverage of services in TTIP, the powerhouse lobby groups on both sides of the Atlantic, ESF and CSI, recommended a particular negotiation strategy known as a ‘negative list’ which means that all public services are subject to liberalisation unless an explicit exception is made. 
  • At the same time, transatlantic lobby groups are trying to prevent negotiators from exempting any public services from the trade agreement. Their alarm bells started to ring in February 2015 when the European Parliament’s Committee on International Trade (INTA) drafted a TTIP resolution asking for «an adequate carve-out of sensitive services such as public services and public utilities (including water, health, social security systems, and education) allowing national and local authorities enough room for manoeuvre to legislate in the public interest».21 …
  • Then, there is:
  • 3.2 Dismantling public health
  • The public health sector is one of the main targets of business lobbyists advocating for TTIP, hoping to capitalize on increasing health expenditure driven by aging populations in both the EU and the US,
  • AHC complains that «today’s world of health care services is highly restricted and fragmented», but an «open trading world for these services would create a large new flow of revenue into the United States [to executives and major stockholders of those companies]». …
  • Then, there is:
  • 3.10 Locking in privatisation 
  • Beyond prising open services markets, one of the central features of free trade agreements such as TTIP and CETA is their capacity to effectively lock in previous and future liberalisations and privatisations – regardless of any government that gets voted in or what its mandate or policies might be. 
  • Then, there is:
  • 3.11 Protecting investment – endangering welfare 
  • Business lobbyists are united in their call to have a broad investment protection chapter in TTIP, including the highly controversial Investor-State Dispute Settlement mechanism (ISDS), granting foreign investors the exclusive right to bypass international tribunals. One of the overarching corporate aims is to prevent governments from any regulatory changes limiting private profits. 


TTIP Already ‘Rewriting the Rule Book’ for EU Food Standards, New Report Finds:

  • The pending Transatlantic Trade and Investment Partnership (TTIP) will likely spark a “race to the bottom” for national policies that regulate everything from the air we breath to the food we eat and, according to a new report, the controversial pact is already pushing European governments to loosen key food safety standards.

US officials successfully used the prospect of TTIP to bully the EU into abandoning plans to ban 31 dangerous pesticides with ingredients that have been shown to cause cancer and infertility.


Police State


  • when you send an e-mail to a family member, or when you receive an e-mail from a friend, do you expect the same type of follow-on advertising as you do from internet searches?
  • Or do you expect some different level of privacy simply because the information is cloaked in an e-mail?
  • That’s the issue at stake in a pending lawsuit against Yahoo! Inc.
  • The case against Yahoo
    Plaintiffs filed an e-mail privacy lawsuit against Yahoo in the U.S. District Court for the Northern District of California under several privacy laws, including the Stored Communications Act (SCA) — a federal law that prohibits an e-mail service provider from knowingly divulging to any person or entity the contents of a communication while in electronic storage.
  • Under the SCA, an e-mail service provider may, however, properly disclose the contents of such communications with the lawful consent of the originator or an addressee or the intended recipient of such communication.




US government to create national registry of drones

  • The Obama administration is planning to create a national registry of civilian-owned unmanned aerial vehicles in the name of airline safety.
    The Federal Aviation Administration (FAA) will set up working groups of government and industry officials to decide which drones will have to be registered.



Donetsk republic imposes sanctions against Ukrainian president, number of businessmen

  • Head of the self-proclaimed Donetsk People’s Republic (DPR) Alexander Zakharchenko has imposed personal sanctions against a number of Ukrainian businessmen and President Petro Poroshenko,


US Army Equipment Caches In Europe: Amid Russia-Ukraine Conflict, Activity Sets To Be Built

  • The U.S. Army is planning to build more sets of equipment in Europe, including tanks, weapons and basic supplies, that would allow U.S. brigades to deploy quickly in case of an emergency mission to help regional allies . The planned construction of the equipment caches, also known as activities sets,


NATO nations to keep presence in Afghanistan, officials say

  • Germany, Turkey and Italy are set to keep their deployments in Afghanistan at current levels, senior NATO officials said


Construction of Russia’s Arctic military compound nearing completion

  • compound on Alexandra Land Island of the Franz Josef Land archipelago that is part of the military infrastructure of the Russian Northern Fleet in the Arctic is 97% complete, the
  • accommodation and work conditions for a group of 150 people  s. The facility has fuel and lubricant depots, food products and clothing storages with reserves for 1.5 years. 


US and Japan aircraft carriers in joint display of naval power as tensions with China escalate

  • U.S. and Japan carried out a fleet review on Sunday off the coast of Tokyo
  • It comes amid growing tensions with China over the South China Sea
  • China has constructed artificial islands and military bases in the region
  • The US is planning wider engagement with allies Japan and South Korea


Upgraded destroyer USS Benfold arrives at new home in Japan

  • The Navy welcomed the upgraded destroyer USS Benfold to its new homeport Monday, bolstering the Asia-Pacific fleet amid calls for the United States to assert its freedom of navigation rights in the region.
  • the ship was built in the 1990s, its Baseline 9 Aegis ballistic missile defense system and other improvements make it among the most advanced ships in the Navy,
  • Benfold becomes the eighth destroyer and 13th ship based at Yokosuka.


“We Are Facing Social Unrest” – German Police Union Chief Demands Building Of Border Fence Around Germany

  • One month after Germany implemented border controls with Austria in order to stem Europe’s worst refugee crisis in history,
  • Germany’s police union chief, Rainer Wendt, called for a fence to be built along the country’s border to stem the flow of migrants.
  • Wendt said Germany was facing “social unrest” due to the large number of migrants entering the country.


France says plane that flew close to Russian jet was Swiss

  • Paris denied Monday that a military plane which flew “dangerously close” to a passenger jet carrying a Russian parliamentary delegation was French, saying it was actually Swiss.


Russia Blocked Israeli Military Fights Over Syria, Lebanon

  • Russian forces sent out a warning to the Israeli Air Force after Israeli jets were detected near Russian controlled airspace near the Syrian–Lebanese border,
  • Russian aircraft immediately blocked the Israeli jets’ path  . “The Russians immediately sent a clear warning to the Israelis that entering Syrian airspace would be a pretext for opening fire,”
  • the Israeli aircraft quickly heeded the warnings and changed their course.


Moscow: Sending Stingers to ISIL Would Mean West Siding with Terrorists

  • If the terrorists in Syria obtain portable surface-to-air missiles Russia will view it as direct means of condoning terrorism and will bring the matter before the UN Security Council,
  • “Thus far we have registered no advanced MANPADS ending up in the hands of the terrorists, but we know about their attempts to obtain such western weapons in neighboring countries,

    He stressed that delivery of shoulder-fired missiles to any of the terrorist groups active in Syria would mean that the supplying country had sided with the “terrorist international”.

  • Source:

Playtime Is Over! Russia to Increase Missions in Syria to 300 a Day

  • Russia has been flying around 50 missions a day on average in Syria. Soon this number will be closer to 300,


Updated-Syrian Army and Russian Air Force kill terrorists’ leaders, destroy their vehicles and positions

  • Deir Ezzor
  • A number of vehicles and varied ammunition belonging to the ISIS terrorists were destroyed and scores of them were killed in operations carried out by the army and the armed forces on today
  • Idleb
  •  a unit of the army carried out bombardments against positions of Jabhat-al-Nusra  terrorists in the surroundings of al-Taman’aa town in the southeastern countryside of the northern 
  • The sources added that 4 terrorists were killed in the bombardments and a SUV was destroyed.
  • Lattakia 
  •  The army’s air force destroyed gatherings for terrorists
  • Hama
  •  units of the army carried out special operations against dens and positions of Jabhat al-Nusra and other terrorist organizations
  • Two of the terrorists’ machinegun-equipped vehicles were destroyed and all terrorists on board were killed.
  • Aleppo
  • Army units in cooperation with popular defense groups reestablished full control over al-Sabkia town and the area surrounding it, according to military source.
  • During the operations, the army killed many terrorists and destroyed their dens.
  • The Army combed the town and dismantled dozens of explosive devices which terrorists had planted there.
  • The air strikes left a number of terrorists dead and others injured, and destroyed a number of vehicles, some of which were equipped with machine guns, in addition to destroying weapons and munitions.


  • In blatant violation of international law, warplanes of the US-led alliance violated Syrian airspace and attacked a power plant that feeds Aleppo city, causing a blackout in the city.
  • A military source said that warplanes of the Washington alliance violated Syrian airspace and attacked civilian infrastructure
  • The source added that the warplanes attacked the biggest electric power plant that feeds Aleppo city, which resulted in cutting off power from most neighborhoods in Aleppo city.
  • This transgression comes only 8 days after two F-16 warplanes belonging to the US targeted two other power plants  east of Aleppo city, cutting off power from the area.
  • It isn’t clear why US fighter jets are attacking Syrian civlian infrastructure such as bridges and electric grids.


 US seeks talks with Russia, Saudi Arabia, Jordan, Turkey on Syria – Kerry

  • US Secretary of State John Kerry has announced possible multi-party negotiations with Russia and Middle East states to find a “tangible’ political solution for the Syrian crisis. Moscow says the proposal is being examined.
    Three weeks after the beginning of the antiterrorist air operation of the Russian Aerospace Force in Syria, John Kerry announced that the conflict in Syria has no realistic military solution


US wants to avoid ‘total destruction’ of Syria: John Kerry

  • The United States is working to avoid the “total destruction” of Syria,


Libya’s recognised parliament rejects UN proposal for unity gov’t

  • Libya’s internationally recognised parliament voted on Monday to reject a United Nations proposal for a unity government,


Russian Airstrikes In Syria Push ISIS Fighters Out And Into Libya, As Islamic State Moves Toward North Africa

Cyber Attacks

Russian hackers reportedly breached Dow Jones trying to steal trading information

  • Russian hackers had infiltrated Dow Jones & Co to steal information to trade on before it was made public, and the breach was “far more serious than a lower-grade intrusion” disclosed by the company .The Federal Bureau of Investigation, Secret Service and the Securities and Exchange Commission are leading an investigation, which began at least a year ago
  • “  To date, there is no evidence of any such investigation”, Dow Jones spokeswoman Colleen Schwartz said in an email.
  • Dow Jones had said that there was unauthorized access to its systems at certain times between August 2012 and July 2015.
  • .