Keiser Report: Mortgage Crisis 2.0 (E649)

The following video was published by RT on Sep 4, 2014
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the impending second wave of the lastest mortgage crisis, this time due to Helocs (Home equity lines of credit) and HAMP (Home Affordable Modification Program) interest rate resets. In the second half, Max interviews Aaron Krowne on the true state of the housing market across America – from home ownership rates to mortgage arrears.

PERFECT TIMING: CAMERON OPENS DOOR TO SYRIA AIR STRIKES 48 HOURS AFTER ISIS BEHEADING THREAT

The ISIS threat to behead British hostage David Haines couldn’t have been more impeccably timed for David Cameron, arriving less than 48 hours before a speech by the British Prime Minister in which he began to build a case for air strikes targeting Syria.
Haines appeared at the end of a video released on Tuesday which purported to show the beheading of American journalist Steven Sotloff. The ISIS militant in the footage threatens to kill Haines if the US and the UK do not ‘back off’ from fighting ISIS.
At the start of the NATO summit in Wales this morning, Cameron cited the video as one of the reasons why air strikes on Syria cannot be ruled out, as he began re-building a case for military aggression that failed last year following dubious claims about who was responsible for the Ghouta chemical weapons attack.
For Cameron, who has been struggling to build political support for air strikes on ISIS, the threat to behead Haines couldn’t have been more timely.
And therein lies the completely illogical foundation of the alleged beheading videos. The release of the footage does nothing to encourage the US and the UK to ‘back off’ fighting ISIS, it achieves the exact opposite, creating a casus belli for expanded western military operations in the middle east.


This post was published at Info Wars by PAUL JOSEPH WATSON | SEPTEMBER 4, 2014.

ILLEGAL IMMIGRANT RELATED PANDEMIC DISEASES ARE APPEARING IN THE US

Three months ago, people like Dr. Jane Orient, myself and anonymous Border Patrol agents began to call for quarantine, for the purpose of health screening all immigrants. Many people laughed and said there was no real threat. The invasion of our country, the very invasion that people said was not real, has just endangered the entire country. We are sitting on the beginning of a series of pandemic outbreaks.
Prominent Health Officials Have Called for Quarantining All Illegal Immigrants for Health Reasons In June, one of Arizona’s most prominent physicians, Dr. Jane Orient, called for proper health screening as she thought the unbridled and unconditioned entry of illegal immigrants into the country was problematic.
Dr. Austin King, head of the Texas Medical Association, is now calling out Texas Governor Rick Perry and President Barrack Obama to allow doctors to screen all of the unaccompanied children who have been coming across the border from Honduras and El Salvador. The President has remained silent with regard to the request.
Dr. King expressed the view that in order for more doctors to go down to the border, emergency funding would likely need to be approved, and ICE would have to change some policies in order to allow everyone coming across to be screened.

This post was published at The Common Sense Show on September 4, 2014.

Top Aide Of ISIS Leader Allegedly Killed In Air Strike

Now that the US is just bombing Iraq just for the hell of it, having long since dropped the veil of doing so for “humanitarian” reasons which was the original pretext given a month ago, it needs to start showing positive results. Moments ago it may have gotten the first validation that its strategy of bombing runs is working following an Al Arabiya report that the aide of ISIS leader Abu Bakr al-Baghdadi has been killed after a strike on the ISIS-held city of Mosul, in northern Iraq, citing the Iraqi defense ministry said Thursday. Another ISIS figure was also declared dead, the ministry added.

This post was published at Zero Hedge on 09/04/2014.

Powerful Trend: Cannabis Decriminalization Emerges From a Do-Nothing US Congress

Current Congress might be history’s worst at passing laws … It seems like there’s not a whole lot being accomplished in the Capitol with the current group of legislators. The current Congress is on track to be the worst ever at passing laws since modern record-keeping began, with three of its lawmakers failing to introduce a single bill, The Post has learned. The divided House and Senate have managed to pass just 163 laws that garnered President Obama’s signature since the two-year term began in January 2013. At this rate, Congress will have no problem beating the previous record set during the 2011-2013 session in which 284 laws were passed. That was down from 385 laws passed in the 2009-2011 session. – The New York Post
Dominant Social Theme: We need more laws as soon as possible, and make them good ones.
Free-Market Analysis: This article appeared on September 1, and perhaps the editorial staff of the New York Post intended to use the paper’s “bully pulpit” to remind federal legislators that they had three more months to accomplish something significant.
There is however, one encouraging “activist” trend that runs counter to our general position that the less the US Congress does, the better.
More on that below.
First, let’s concentrate on why Congressional inaction is probably a good thing. Look at the US today and ask if the political system at local, state or federal levels has proven successful in ensuring US prosperity or building on the dominance that the US once enjoyed after World War II. The answer is obvious, and negative.
The US is in terrible shape, with moribund employment, serial wars sapping resources, a confrontation with Russia brewing, a Southern border that is being determinedly turned into a kind of regional sieve by an administration that wants to essentially merge Mexico and the US or so it seems.

This post was published at The Daily Bell on September 04, 2014.

The Battle For Strategic Mariupol Begins As NATO Vows To Do “Whatever It Takes”

Shelling is reported to have started on the eastern outskirts of Mariupol, Ukraine, according to local reporters on social media. This crucial city, due to its standing as the last major city standing in the way of a land connection to Crimea (from Russia) across the Southern border. Furthermore, Mariupol’s strategic importance as a port and major industrial city is crucial to Kiev who are reinforcing the city after losing Novoazovsk last week, with the Ukrainian army on full alert. NATO has been actively sabre-rattling this morning, pulling a full Draghi by threatening to do “whatever it takes” to defend ourselves and our allies, and offering training and support for Ukraine (as they report over 3,000 Russian troops in Ukraine). Escalation?

This post was published at Zero Hedge on 09/04/2014.

France Caves and Cancels 600M Warship Deal with Russia

In a significant escalation of European sanctions on Moscow, France has announced that it will be suspending the controversial delivery of a state-of-the-art €600m warship to the Russian navy.
After an emergency meeting of the national defence council, President François Hollande said that “conditions do not today exist” for the delivery of the first of two Mistral helicopter carriers this autumn. He described the latest developments in eastern Ukraine as “grave”.

This post was published at The Independent

Pepe Escobar: NATO Attacks!

First thing we do, let's kill all the myths. The North Atlantic Treaty Organization is nothing but the Security Council of the Empire of Chaos.
You don't need to be a neo-Foucault hooked on Orwellian/Panopticon practices to admire the hyper-democratic "ring of steel" crossing average roads, parks and even ringing castle walls to "protect" dozens of NATO heads of state and ministers, 10,000 supporting characters and 2,000 journalists from the real world in Newport, Wales – and beyond.
NATO's summit in Wales also provides outgoing secretary-general Anders "Fogh of War" Rasmussen the chance to display his full attack dog repertoire. It's as if he's auditioning for a starring role in a remake of Tim Burton's epic Mars Attacks!

This post was published at Asia Times

NATO Secretary General Expects Wales Summit to Make History

NATO is preparing for the start of an intense two-day Summit in Wales on Thursday that will "address current and future security challenges," including Russian military aggression and the rise of extremism in the Middle East and North Africa.
"This is a time of multiple crises on several fronts," NATO Secretary-General Anders Fogh Rasmussen remarked on Monday. "To the east, Russia is intervening overtly in Ukraine. To the south, we see growing instability, with fragile states, the rise of extremism, and sectarian strife."
Rasmussen added that he expects the gathering "to be a crucial summit in NATO's history."

This post was published at UPI

Clean Water, Scarcity, and Market Prices

Scarcity is an important aspect of our lives as it affects us everyday, although many people may overlook it when they generally enjoy high standards of living. But scarcity makes itself obvious to high-income people at times, as it will in September, for example, when people will line up for hours to get their hands on the iPhone 6. Ludwig von Mises explained the situation well in Human Action:
The available supply of every commodity is limited. If it were not scarce with regard to the demand of the public, the thing in question would not be considered an economic good, and no price would be paid for it.
Indeed, scarcity is a reason most people work since their financial resources are limited and finite and work provides them the income necessary to accumulate resources to exchange for the goods and services of another. Consumers demand scarce goods (housing, clothes, a night out, travel, school supplies) and people have to economize their decisions based on scarcity.
In the case of water scarcity, however, we find that the challenge of scarcity is met in some very peculiar ways.
For examples, we can look to the Indian River Lagoon, Lake Okeechobee, and the Everglades where water is plentiful, but clean water is scarce. Moreover, we might look to the western United States where an arid climate makes all types of water scarce.

This post was published at Ludwig von Mises Institute on Thursday, September 04, 2014.

Directed History of the NAU or Naturally Evolving Migration?

US Signs Agreement with Mexico to Protect Mexican Workers – Including Illegals … At a signing ceremony … the U. S. government, through the Equal Employment Opportunity Commission (EEOC), entered into a Memorandum of Understanding (MOU) with the Mexican government to allow Mexican Nationals – regardless of immigration status – to “exercise their workplace rights.” The MOU is consistent with the “core mission of this commission,” Mexican Ambassador to the United States Eduardo Medina Mora Icaza said, adding “that regardless of national origin or immigration status all workers have rights and there are processes to safeguard them. “This is what makes this country so great,” the ambassador said. – CNS
Dominant Social Theme: The US and Mexico really ought to be one country. That would be much more efficient.
Free-Market Analysis: We’ve long written about plans at the highest levels of the US government to effectively merge the US and Mexico and then Canada as well into what’s been called a North American Union (NAU).
Of course, this sounds paranoid and “conspiratorial.” But take a look at what’s happening today. The merger seems to be moving ahead apace, at least between the US and Mexico.
The above article excerpt is just an additional example of how this is occurring. Here’s more:
The four-page memorandum states in the “Overall Objective” section, in part, that its purpose is: “to establish a collaborative relationship to provide Mexican Nationals in the United States with information, guidance, and access to education and training resources to help them understand and exercise their workplace rights, particularly with regard to reducing violations again them under the laws and regulations that are administered and enforced by EEOC.”
… The MOU was signed by the Mexican ambassador and EEOC Chairman Jacqueline Berrien on her last day of service. “Today we memorialize a relationship to help ensure this historic act and other antidiscrimination laws we enforce apply to all workers who live and work in this country,” Lopez said, adding it also was part of the commission’s “strategic enforcement plan through 2016.

This post was published at The Daily Bell on September 04, 2014.

Will The Missing Libyan Jetliners Be Used For The False Flag Event ? – Episode 458

The following video was published by X22Report on Sep 3, 2014
July factory orders soared, but if you take away airliner purchases it really dropped by .8%. The Housing markets is continuing to collapse, loan requests which is an indicator of how the housing market is doing dropped 1.5%. Billionaires are now preparing for the stock market crash. France postponed the delivery of the Mistral ships to Russia due to the Ukrainian crisis. Putin proposes a cease fire plan, President Obama and Yatsenyuk call for more war. US lawmakers preparing a bill to go after terrorist no matter where they are. Libya has fallen and now jetliners are missing. Some officials say that these jetliners might be used on the anniversary of 9/11. Be prepared for a false flag.

Chinese Homebuilders Expand in America as U.S. Auto Loans Hit Record Levels

Just a little tale from the streets of AmericaSparkled promises paved with pathos and hysteriaTrenchant, weary native sonsStep back, step backAnd see the damage doneMeander to the horizon The streets of America
– Bad Religion, Streets of America
Late last week I published a post titled, Your Wall Street Slumlord Arrives in Europe – Goldman and Other Financial Firms Launch ‘Buy to Rent’ in Spain, in which I highlighted the fact that U. S. financial oligarchs had recently turned their sights toward Spanish real estate after feasting on the American market for several years and driving home prices to unaffordable levels for much of the native population.
Interestingly, today I came across an article in the Wall Street Journalthat noted Chinese homebuilders are beginning to make a more aggressive push into the U. S. market. One of the main reasons for this phenomenon appears to be:
Chinese builders, meanwhile, are venturing abroad in part because of weakness at home. They are dealing with huge gluts of newly built but unoccupied apartments outside of cities like Beijing and Shanghai. Many have cut prices, which has crimped profit margins. And tightened credit standards in China have hampered demand.

This post was published at Liberty Blitzkrieg on Sep 3, 2014.

16 Apocalyptic Quotes From Global Health Officials About This Horrific Ebola Epidemic

Ebola continues to spread an an exponential rate. According to the World Health Organization, 40 percent of all Ebola cases have happened in just the last three weeks. At this point, the official numbers tell us that approximately 3,500 people have gotten the virus in Africa and more than 1,900 people have died. That is quite alarming, but the real problem will arise if this disease continues to spread at an exponential pace. One team of researchers has used computer modeling to project that the number of Ebola cases will reach 10,000 by September 24th if current trends continue. And if the spread of Ebola does not slow down, we could be dealing with 100,000 cases by December. Even the WHO is admitting that the number of cases is likely to grow to 20,000 before too much longer, and global health officials are now starting to use apocalyptic language to describe this outbreak.
For people in the western world that have never seen anything like this other than in the movies, it can be difficult to grasp just how horrible this epidemic truly is. In the areas of west Africa where Ebola is spreading, fear and panic are everywhere, food shortages are becoming a serious problem and there have been reports of dead bodies rotting in the streets. People are avoiding hospitals and clinics because of paranoia about the fact that so many health workers have contracted the disease. According to the World Health Organization, more than 240 health workers have gotten the virus so far and more than 120 of themhave perished.
We have never seen anything like this in any of our lifetimes, and the scary part is that this might only be just the beginning.
The following are 16 apocalyptic quotes from global health officials about this horrific Ebola epidemic…

This post was published at The Economic Collapse Blog on September 3rd, 2014.

Big-Oil CEO Faces His Failure by Keeping His Eyes Closed about Global Warming

Head of Oil Company that’s Most at Risk Of Declining Value
From Oil & Gas Is Burying His Head in the Tar-Sand About It
According to the landmark study of the impact that the rising world concerns about global warming will have destroying the market-value of oil company stocks, no large oil company is as vulnerable as Norway’s Statoil, but Statoil’s head says that he must drive his firm, and implicitly therefore Norway’s economic future, down the drain of this declining market-value. His response to the challenge, he says, must be to drive his corporate ship even straighter into the coming economic abyss for fossil-fuels firms.
He says:
Many people want Statoil to invest in all types of renewable energy activities. Often with no concern for whether the company can achieve realistic profitability within a reasonable time span. It is an easy stand to take for people who are under no obligation to run a profitable business. But I know who will be blamed if Statoil decides to invest five billion Norwegian Kroner in something which is in today, but turns out to be a fiasco in five years’ time,
The headline and sub-head of that article is: ‘Helge Lund uncertain about Statoil’s green future: It is not given that Statoil will become a green company.’ It was published on 21 August 2010, in the Norwegian newspaper, Stavanger Aftenbladet.
The reporters at Aftenbladet wrote: ‘He believes that one of the most important tasks for the years ahead is to reduce the cost of renewable energy.’ But nothing indicates that his firm (the one firm that’s the most at-risk of a big global-warming market-value hit) should hotfoot the way into this ‘green’ direction – switching away from investing in oil and gas, to investing instead in renewable energy. Exactly the contrary, in fact. Statoil’s President/CEO said:

This post was published at Washingtons Blog on September 4, 2014.

Remembering Eugene V. Debs’ Imprisonment for Speaking Against War

Eugene V. Debs nearly 100 years ago was a political prisoner in the United States for the ‘crime’ of opposing the United States government’s participation in World War I and conscription of people to fight in that war. In March of 1919, the US Supreme Court, pointing to the Espionage Act of 1917 for justification, upheld Debs’ conviction by a trial jury and ten-year prison sentence for making antiwar comments in a June 16, 1918 Canton, Ohio speech. Justice Oliver Wendell Holmes, Jr. wrote the Supreme Court’s short Debs v. United States opinion that upheld the conviction and ten-year prison sentence of Debs for two charges that Holmes described as follows:
This is an indictment under the Espionage Act of June 15, 1917… It has been cut down to two counts, originally the third and fourth. The former of these alleges that on or about June 16, 1918, at Canton, Ohio, the defendant caused and incited and attempted to cause and incite insubordination, disloyalty, mutiny and refusal of duty in the military and naval forces of the United States and with intent so to do delivered, to an assembly of people, a public speech, set forth. The fourth count alleges that he obstructed and attempted to obstruct the recruiting and enlistment service of the United States and to that end and with that intent delivered the same speech, again set forth.
In effect, Debs was incarcerated for exercising his right to free speech regarding two political matters – the US government choosing to participate in World War I and the US government using the draft to help fight that war. One may expect the justices to have reread the First Amendment to the US Constitution and promptly overturned Debs’ conviction. However, Holmes explains that a prior Supreme Court decision had already settled the inapplicability of Debs’ First Amendment defense.


This post was published at Ron Paul Institute on September 3, 2014.

Obama Gets Back To Work…..At The Celtic Manor Resort: But Just Lose The NATO Part!

Better that our President work on the greens and skip the NATO meetings. Its an anachronism anyway, and should have been abolished 25-years ago when the cold war ended and its reason for being vanished.
Would that back then Bush ’41′ had parachuted into Ramstein Air Base in southern Germany and declared ‘mission accomplished’! The American taxpayers would have been spared billions in the sheer waste of maintaining NATO, and the world would have been spared the bombast of armchair war mongers like NATO Secretary General Anders Fogh Rasmussen. By the way, he’s the guy with an unwavering capacity to make ‘Baghdad Bob’ look good, having assured the world back in 2003 that
‘Iraq has WMDs. It is not something we think, it is something we know.’
When the Soviet Union and its Warsaw Pact vassal regimes vanished into the mortuary of history, NATO had 16 member states in a mutual defense alliance that had arguably enhanced the safety and security of citizens in Lincoln NE and Spokane WA. Now it has 28 members including the likes of Albania, Bulgaria, Croatia, Estonia, Slovenia and Slovakia – micro-states that are mainly insolvent and have no bearing whatsoever on national security.
Worse, it was Washington’s double-cross of Russia that set the stage for the present clash over Ukraine. The elder Bush who did not use his parachute in Germany did promise Gorbachev in 1989 that in return for vacating the eastern regions of that nation that NATO would not be expanded ‘by a single inch’.
Fast forward to February 2014 and his successor not only permitted the US foreign policy and CIA apparatus to fund and orchestrate the overthrow of the democratically elected government in Kiev, but did so with the implicit condition that the resulting junta would ‘pivot’ to the west and eventually join NATO. Yes, while Putin was sitting in his box taking bows at Sochi NATO came knocking on his back door.
Prior to February 21, 2014 there was not a peep out of Washington about Putin’s designs on Ukraine, rebellion of Russian speakers in the eastern Donbas region or an ‘invasion’ of Russian forces. None of this even entered the narrative until an unelected and radical nationalist junta in Kiev brought the threat of ethnic cleansing, and then launched a brutal campaign of aerial and artillery bombardment on its own citizens in the eastern regions.

This post was published at David Stockmans Contra Corner on September 3, 2014.

Argentina to Circumvent US Supreme Court Bond Ruling Via French Banks; Comments on “Vulture” Funds

It’s increasingly likely that Argentina will come up with a way to get around a US supreme court ruling on bond payouts. Here is the background …Argentina defaulted on bonds following a debt crisis in 2001-2002. 92% of the investors agreed to haircuts, but an alleged “vulture fund” picked up an 8% share at rock bottom prices and refused to negotiate. In June, the US Supreme Court ruled that Argentina Cannot Selectively Default on the small group of hold-outs. Today El Pais reports Argentina Offers to Pay Creditors in France. Comments Regarding “Vultures”I have nothing against “vultures” and do not even like the term. In general, vultures serve a purpose, as do those who short stocks. That said, I find the US Court ruling that Argentina Debt Swap Proposal is Illegal rather odious.

This post was published at Global Economic Analysis on September 03, 2014.

Philadelphia Police are Seizing People’s Homes and Not Because they Can’t Pay

The Philadelphia police are putting home owners on the street and it has nothing to do with their ability to pay the mortgage, nor are they being charged with a crime.

Christos Sourovelis works hard and owns a painting business. He has built a ‘dream house’ in a Philadelphia suburb, and without warning, the city came along and siezed their home. Sourovelis and his wife, Markela, have never been charged, or accused of any wrong doing.
They are now suing the Philadelphia DA after their home was seized when their son was found with $40 worth of heroin.


This post was published at The Daily Sheeple on September 3rd, 2014.

Western Doublethink on Blind Path to War

In October 1962, the United States threatened to go to war with Russia over the Cuban missile crisis. That high-stakes drama came about after Washington learned that Soviet leader Nikita Khrushchev had overseen the installation of ballistic missiles on the Caribbean island, some 90 miles from the US mainland. Never mind that the nascent military alliance between Moscow and the socialist government of Fidel Castro was a inviolable matter between two sovereign states – Washington was apoplectic that Soviet missiles were permitted anywhere near its territory. The then US President John F Kennedy was impelled to go to war over the issue, even if that meant igniting an all-out thermonuclear conflagration. In the end, the standoff was resolved, in part through a mutual personal understanding between Kennedy and Khrushchev that such a catastrophic war had to be avoided at all costs. The Soviet Union eventually withdrew its missiles after receiving a guarantee from the White House that there would no follow-up US invasion of Cuba, as in the failed CIA-backed Bay of Pigs assault of April 1961. In addition, Kennedy gave a commitment to reciprocate US missile withdrawal from Turkey’s territory bordering with the former Soviet Union.

This post was published at Ron Paul Institute on September 3, 2014.