Iceland Recovering Fastest in Europe After Jailing Bankers Instead of Bailing them Out

After Iceland suffered a heavy hit in the 2008-2009 financial crisis, which famously resulted in convictions and jail terms for a number of top banking executives, the IMF now says the country has managed to achieve economic recovery – ‘without compromising its welfare model,’ which includes universal healthcare and education. In fact, Iceland is on track to become the first European country that suffered in the financial meltdown to ‘surpass its pre-crisis peak of economic output’ – essentially proving to the U. S. that bailing out ‘too big to fail’ banks wasn’t the way to go.
Iceland is beautifully, yet unfortunately, unique in how it chose to handle the disaster. It simply let the banks fail, which resulted in defaults totaling $85 billion – lending ample justification for the prosecution and conviction of bank executives for various fraud-related charges. The decision seemed shocking at the time, but the gamble has obviously paid off. Choosing a different route, the U. S. bailed out the banks and let executives off the hook by levying fines that ultimately ended up being paid by the corporations – meaning the executives ostensibly responsible for the mess got off scot-free.
‘Why should we have a part of our society that is not being policed or without responsibility?’ special prosecutor Olafur Hauksson said after Iceland’s Supreme Court upheld the convictions for three bankers – and sentenced them to between four and five and a half years each. ‘It is dangerous that someone is too big to investigate – it gives a sense there is a safe haven.’

This post was published at The Daily Sheeple on June 15th, 2015.

Hillary Clinton Backs Fast-Track On Obama’s Trade Deals

On Sunday, June 14th, Hillary Clinton came out publicly for the first time in support of President Obama’s trade-deals – TPP with Asia, TTIP with Europe, and on TISA with all nations to lower the standards on banking and insurance and to privatize government services.
What’s at issue in Congress right now – and thus what she was responding to – is whether or not to grant U. S. President Barack Obama the ‘Fast Track Trade Promotion Authority,’ which will produce expedited passage for his trade-deals; the trade-deals themselves are not even before Congress yet, and have not even been made public, though the first one up for consideration will be TPP with Asia; but that deal, like the others, will virtually certainly go down to defeat unless the President first wins ‘Fast Track,’ which is the issue now.
The reason ‘Fast Track’ is the issue now before Congress, is that it’s actually the only feasible way for Obama to be able to win congressional passage of TPP or of any of his big-three trade-deals. It’s crucial because it reduces the Constitutionally required two-thirds of Senators voting for a given trade-deal, down to merely 50% of Senators (plus VP Joe Biden) needed to vote for it, in order for the deal to become U. S. law – and there is no way possible for this Senate to vote two-thirds for either TPP with Asia, TTIP with Europe, or TISA for ‘Services.’ But 50% can safely be assured (especially with the gargantuan political-campaign donations that are pouring into Congress to back it).
Clinton said that it’s so important for Obama to win Fast Track authority, that, “I am willing to try now to see whether you can push to get rid of the objectionable parts, to drive a harder bargain on some of the other parts,’ so that Congress will grant the President Fast Track Trade promotion Authority.

This post was published at Zero Hedge on 06/15/2015.

They Send SWAT for Just About Everything These Days

One of the most insidious and undeniable signs of our encroaching police state, is the increasingly popular usage of SWAT teams by numerous police departments across America. In recent years, SWAT teams have been used for everything from busting petty drug users, to wellness checks of all things. Considering that these cops are trained to be ferocious and lethal, one must question the wisdom of using them for these situations.

This post was published at The Daily Sheeple on June 15th, 2015.

Dashcam Refutes Cops’ Claims of Fearing for their Safety when they Attacked Innocent BLIND Man

Eric Wilson was on his way home from his job at Lighthouse for the Blind when he was stopped by two Little Rock Police officers alleging he ‘fit the description’ of a suspect.
The LRPD police department claim they received a call about someone fitting Wilson’s description who was running away from or chasing someone and who appeared to be afraid.
‘I had just got off of work,’ said Wilson who then missed his bus and began to walk home. That’s when he was approached by Little Rock’s finest.
‘Hey, come over here and talk to me,’ the officer can be heard saying on dash camera video.
Because Wilson is blind, he had no idea who was calling him, or what they wanted. He began to get worried.
‘I could have possibly been getting robbed,’ Wilson said. ‘I didn’t know what was about to happen.’

This post was published at The Daily Sheeple on June 15th, 2015.

Russia Condemns “Aggressive” US Weapons Deployment; Will Send Troops To Protect Border

Cold War 2.0 is heating up week by week. In Ukraine, the fragile ceasefire struck four months ago in Minsk looks set to break down entirely with both the Ukrainian army and the Russia-backed separatists accusing each other of deploying heavy artillery in contested areas.
Meanwhile, GOP presidential candidates in the US are getting set to hit the campaign trail with foreign policy at the forefront in terms of the issues voters are likely to focus on in the primaries. All candidates seem prepared to attack the Obama administration’s handling of what is predictably being billed as ‘Russian aggression’, with Hillary Clinton’s 2009 ‘reset’ button media spectacle serving as the tie-in between the current administration and the presumed Democratic nominee. As for The White House, the President is looking to dust off the Cold War playbook by implementing a modern day ‘containment’ policy in the face of what the West claims are illegitimate attempts by the Kremlin to redraw European borders by violating territorial sovereignty.
As if all of this wasn’t enough to bring back memories of a bygone bipolarity, over the weekend we learned that the US is now set to ‘store’ heavy weapons in Eastern Europe in an attempt to ensure NATO can respond quickly in the event Russia decides to do a bit more annexing. To recap (via NY Times):

This post was published at Zero Hedge on 06/15/2015.

How Obama’s “Trade” Deals Are Designed To End Democracy

Submitted by Eric Zeusse, author of They’re Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010 and of Feudalism, Fascism, Libertarianism and Economics,
U. S. President Barack Obama has for years been negotiating with European and Asian nations – but excluding Russia and China, since he is aiming to defeat them in his war to extend the American empire (i.e, to extend the global control by America’s aristocracy) – three international ‘trade’ deals (TTP, TTIP, & TISA), each one of which contains a section (called ISDS) that would end important aspects of the sovereignty of each signatory nation, by setting up an international panel composed solely of corporate lawyers to serve as ‘arbitrators’ deciding cases brought before this panel to hear lawsuits by international corporations accusing a given signatory nation of violating that corporation’s ‘rights’ by its trying to legislate regulations that are prohibited under the ‘trade’ agreement, such as by increasing the given nation’s penalties for fraud, or by lowering the amount of a given toxic substance that the nation allows in its foods, or by increasing the percentage of the nation’s energy that comes from renewable sources, or by penalizing corporations for hiring people to kill labor union organizers – i.e., by any regulatory change that benefits the public at the expense of the given corporations’ profits. (No similar and countervailing power for nations to sue international corporations is included in this: the ‘rights’ of ‘investors’ – but really of only the top stockholders in international corporations – are placed higher than the rights of any signatory nation.)
This provision, whose full name is ‘Investor State Dispute Resolution’ grants a one-sided benefit to the controlling stockholders in international corporations, by enabling them to bring these lawsuits to this panel of lawyers, whose careers will consist of their serving international corporations, sometimes as ‘arbitrators’ in these panels, and sometimes as lawyers who more-overtly represent one or more of those corporations, but also serving these corporations in other capacities, such as via being appointed by them to head a tax-exempt foundation to which international corporations ‘donate’ and so to turn what would otherwise be PR expenses into corporate tax-deductions. In other words: to be an ‘arbitrator’ on these panels can produce an extremely lucrative career.

This post was published at Zero Hedge on 06/14/2015.

His Legacy – Flickering Myth

As his second term nears its final lap, Barack Obama is desperately trying to do something right. After all, his legacy depends on it.
Maureen Dowd has wrote a column entitled Flickering Greatness. She may have seen ‘greatness’ as did many of her other liberal friends. But the majority of the people never saw any greatness, even many if not a majority of those who voted for Obama. They may have been fooled by him as were so many shallow people. But greatness????
Whatever was imagined about Obama did not come about. Now people worry about his legacy. Webster defines legacy as follows:
something transmitted by or received from an ancestor or predecessor or from the past
This definition suggests everyone leaves a legacy of some sort. While it is often implied that ‘legacy’ is something good, it applies to anything that someone is remembered for. The problem for Obama is that his legacy appears to be only negative. That is what the growing panic among his supporters is about. Messiahs are supposed to do good not harm. But legacies do not change based on a single piece of legislation. ObamaCare was that single piece that was to cement Obama in history. Well, it likely has but only as the sponsor of the worst legislation in more than a half century.

This post was published at Economic Noise on June 14, 2015.

Low Energy Prices And Conflict Drive Shell Out Of Ukrainian Shale

Submitted by Andy Tully via OilPrice.com,
Royal Dutch Shell has been considering ending its partnership with a Ukrainian energy company in a shale gas exploration venture in eastern Ukraine because of the fighting in the region and prospect of little profit from the project.
In fact, at least two news reports say Shell already has notified Ukraine that it’s leaving in a formal ‘notice of withdrawal.’
The decision by the Anglo-Dutch oil major is more bad news for Ukraine, which had hoped that producing its own gas would make it less reliant on energy from its antagonistic neighbor, Russia, and potentially infuse the country’s distressed economy with much needed foreign investment.
As for Shell itself, sources identified by the Financial Times only as ‘insiders’ said the company had concluded that the project wasn’t worth the effort because of the armed conflict and the precipitous drop in energy prices over the past year, which have made the extraction of oil and gas less cost-effective given the expense needed to ensure efficient output from underground shale formations.
The Kyiv Post quoted a Shell spokesman as saying in an e-mail that the fighting between Ukrainian government forces and separatists supported by Russia amounted to ‘circumstances beyond Shell’s control.’ As a result, the spokesman said, the company has ‘been prevented from performing its commitments under [the] Yuzivska production sharing agreement,’ or PSA.

This post was published at Zero Hedge on 06/14/2015.

Flag Day 2015: Visualizing 248 Years Of American Banners

As America ‘celebrates’ Flag Day – commemorating the adoption of the of the flag of the United States, which happened on June 14th, 1777 by resolution of the Second Continental Congress – we thought the following chart surveying the 48 flags (no confederate flags included) of America since 1767 would be of interest: from the Sons of Liberty’s rebellious stripes in 1767 to the pattern we know today…

This post was published at Zero Hedge on 06/14/2015.

NATO Goes “Back To The Future”, Will Store Tanks, Heavy Weapons Near Russian Border

As the presidential race heats up in the US, Republicans are set to make foreign policy a major campaign issue with Vladimir Putin serving as the quintessential example of what happens when The White House looks to ‘appease’ a head of state bent on the illegitimate expansion of national borders by violating the sovereignty of his neighbors.
The extent to which that characterization of Russia’s recent actions in Eastern Europe approximates reality almost doesn’t matter. Voters in the US are notoriously nave and even if they weren’t (i.e. even if the American public adopted a healthy level of skepticism towards Russophobic campaign rhetoric), the idea of Russia as the antithesis of Western democratic values is so deeply rooted in the American conscious that a resurgent Moscow will likely always be viewed as a threat by the majority of ballot box-bound Americans. This means that any US president who seeks to ‘reset’ relations with the Kremlin takes an enormous political risk, because when things go wrong – as they have recently – political rivals will leap at the chance to point to deteriorating US-Russia relations as proof that Washington should forever and always adopt a hardline stance towards Moscow.
Recently, the Obama administration has seemingly given up on the ill-fated Russian ‘reset.’ Whether The White House’s increasingly aggressive stance is an attempt to help pave the way for Hillary Clinton’s presidential bid (presumably Clinton could deflect criticism by pointing to Democrats’ toughening stance towards Moscow as evidence that when military realities trump political idealism, the Obama administration was quick to ‘reset’ the ‘reset,’ so to speak) or simply proves that when push comes to shove and post-USSR unipolarity is threatened, US presidents will ultimately abandon all pretenses that American foreign policy isn’t based on the projection of military might, is debatable but one thing is clear:

This post was published at Zero Hedge on 06/14/2015.

America Is An Occupied Nation As Record Numbers of Troops Are Taking Up Positions

In the past 36 hours, my email has exploded with new information regarding massive troop and military hardware domestic deployment. There is a huge uptick in citizen reports regarding nefarious activities which relate to civilian internment inside of FEMA camps.
Pastor Williams Speaks Out
In an ominous email sent to both myself and my colleague, Paul Martin, Colorado talk show host, Randy Yarbrough, sent a summary of a communication he recently had with Pastor Lindsay Williams.
Guys, Talked to Pastor Williams this morning. He is concerned with: 1) currency reset sometime between now and the end of the year. 2) The town he lives in Fountain Hills, AZ. (EDITOR’S NOTE: FAR NORTHEASTERN SEMI-RURAL SUBURB OF PHOENIX) has a large number of retired military. A general made the comment that many of them would not be in the city past Sept 1st. No word on where they would go. 3) His elite friends have been urging him to leave the country or at the least have a ‘safe’ place to go to. 4) He is not doing radio for the time being , but said to stay in touch and he would call me if he had new info. That’s about it. Randy Y
To conclude that something big is about to go down would be putting it mildly. Should we, as Pastor Williams intimates in the abovementioned communication, prepare to leave the country by Labor Day, is open for debate. However, for the first time, many of us are left wondering if there are safer places than America.

This post was published at The Common Sense Show on June 14, 2014.

Pre-Crime: ‘No Saved History, Defrag Automatically’

For years, I have set my browser not to save any history of my searching.
For years, I have set Windows 7 to defragment my hard disk once a week.
Now I learn this.
In 2010 David Kernell, a University of Tennessee student, was convicted under Sarbanes-Oxley after he deleted digital records that showed he had obtained access to Sarah Palin’s Yahoo e-mail account. Using publicly available information, Kernell answered security questions that allowed him to reset Palin’s Yahoo password to ‘popcorn.’ He downloaded information from Palin’s account, including photographs, and posted the new password online. He then deleted digital information that may have made it easier for federal investigators to find him. Like Matanov, he cleared the cache on his Internet browser. He also uninstalled Firefox, ran a disk defragmentation program to reorganize and clean up his hard drive, and deleted a series of images that he had downloaded from the account. For entering Palin’s e-mail, he was eventually convicted of misdemeanor unlawfully obtaining information from a protected computer and felony destruction of records under Sarbanes-Oxley. In January 2012, the US Court of Appeals for the Sixth Circuit found that Kernell’s awareness of a potential investigation into his conduct was enough to uphold the felony charge.

This post was published at Tea Party Economist on June 13, 2015.

ObamaTrade: Round Two Surprise

The New World Order brigade suffered a major defeat yesterday: a 302-126 defeat of a key provision of ObamaTrade. That torpedoed the fast track for the TPP: the Trans Pacific Partnership.
The TPP is the culmination of the agenda of the Trilateral Commission, founded in 1973. The Trilateral Commission was named for the three world trade zones: Western Europe, the Western hemisphere, and Asia. First, there was the European Union (1993). Second, there was NAFTA (1994). The TPP was to be the final link in the chain. It took 21 years of secret back-room deals. The bill itself remains a secret. That is how arrogant the NWO and its agents in Congress are. But that final link got snapped yesterday.
David Rockefeller founded the Trilateral Commission. He is now 102. He has just seen his plan torpedoed. Can it be salvaged?
They face a huge problem. If Congress adds amendments, the deal dies. The other nations do not allow amendments. It’s all or nothing. Wikipedia reports:

This post was published at Tea Party Economist on June 13, 2015.

Still Redacted: Newly Declassified CIA ‘Investigation’ of 9/11 Finds ‘No Evidence’ on Saudis

There were some ‘major’ disclosures about 9/11 on the part of the CIA in the last few days.
They just released a previously hidden 2005 agency investigation into the September 11 attacks.
It acknowledges the suppression and meddling about what really happened, but vehemently denies any wrongdoing on the part of the agency, of the Saudis – implicated in key redacted documents – further kicking the can down the road for eventual surfacing of the real truth.
In the short term, these documents (or the lack thereof) leave a lot to be desired.

This post was published at The Daily Sheeple on June 14th, 2015.

Trade treaties, mega-corporations, and worldwide socialism

‘The ever-emerging popular image of socialism: a humane government colossus controls the means of production for the benefit of the people; and share-the-wealth at all levels of society comes alive. This is political theory for children in a condition of arrested development – for example, college students and Hollywood actors who long for lunch at the White House.’ (The Underground, Jon Rappoport)
I use the loaded word ‘socialism’ in the headline, because it’s important to understand that Globalism is a form of socialism.
That may not sit well with some people, because they believe in the socialism team and they think that team is against Globalism. Nothing could be further from the truth. It’s about time they woke up.
Globalism was born out of the triumphs of cutthroat capitalists like Rockefeller, and out of the triumphs of international bankers like Rothschild and Warburg. These men made a decision quite natural for them: ‘By hook and by crook I’ve acquired my fortune; now I want a monopoly; I want to cut out the competition; I want empire; therefore, I have to control governments; I want to make governments more powerful, so by controlling them I control society.’

This post was published at Jon Rappoport on June 13, 2015.

Here’s Why Rejection of Fast Track Is A Huge Economic Milestone

Make no mistake about it: Even though supporters of the president’s trade agenda can still muster immense amounts of money and political power to reverse the results of yesterday’s House vote on fast track trade negotiating authority, the measure’s effective (and potentially final) rejection is a big milestone in American political and economic history.
The crucial vote yesterday – on a secondary issue regarding government aid for workers who lose their jobs via trade – was so lopsided (302-126) that literally dozens of Democratic and Republican Members of Congress would have to change their minds in the next few days to win it for the offshoring lobby. That’s not impossible, but defeat for these powerful forces, which include Big Business, Big Finance, and Big Media, isn’t unprecedented, either. President Bill Clinton was denied fast track authority twice, in 1997 and 1998 – and when nearly everyone (mistakenly, in my view) thought the economy was strong. In addition, Congress refused to renew fast track, which prevents it from amending proposed trade agreements, for President George W. Bush in 2007.

This post was published at Wall Street Examiner by Alan Tonelson ‘ June 13, 2015.

TROJAN HORSE: The Trans Pacific Partnership Has Already Bought Off Washington

Although the House of Representatives voted down legislation to ‘fast-track’ trade deals through Congress – it appears the TPP may have already secured its future with millions in donations made to US Senators since the start of the year…
‘Trojan Horse’ – US leaders put on a show for cloaked trade deal.
The Trans-Pacific Partnership (TPP) trade deal negotiations hit the mainstream over the past month with a US Senate approval of the controversial trade bill in late May.
As Washington leaders continue their show trial-like debate over the TPP, with the House voting against fast-tracking trade authority, the Washington Post disclosed that there’s already a ‘planned do-over vote,’ slated for next week.
The TPP trade deal is something we’ve covered extensively at 21WIRE over the past two years, as international trade law for new trade treaty TPP appears to be a way for private corporations to exempt themselves from the laws of sovereign nations under the guise of a so-called free-trade agreement.

This post was published at 21st Century Wire on JUNE 13, 2015.

Multiple Assailants Attack Dallas Police Headquarters With Automatic Guns, Pipe Bombs

Over the past several years, the US government has been confounded with not only explaining, but properly responding to one of the clear and obvious consequences of the Fed’s disastrous policy of the past 7 years, namely record wealth inequality and a tearing social fabric (recall Paul Tudor Jones prediction that it may all once again end in “war or revolution“) leading to rising social instability and a surge in public outbreaks of violence, frequently lethal. One need only note the flash riots in Baltimore and Ferguson to comprehend how fragile the US social fabric has become.
But while the government is still clueless how to explain this surge in social violence, something Zero Hedge readers have known for a long time is imminent (recall “despite what should be a steadily improving economy and improving social and economic conditions, what readers founds most fascinating, and troubling, was the increasing preponderance of social disobedience, of covert, proxy or outright wars, and of civil unrest: all phenomena that accompany a world sliding deeper into distress, not as most central banks and their puppet media would have us believe, a global recovery.”), where its response has been even more deplorable is how to respond to this increase in civil disobedience: by weaponizing the US police force to an extent reminiscent of pre-civil war state leading to a police force which feels enabled and duly required to intervene well beyond the required in quelling and pre-empting imminent violence, leading to even more bloodshed much of it caught on phonecam and promptly uploaded on YouTube.

This post was published at Zero Hedge on 06/13/2015 –.