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DayOwl
DayOwl
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Yesterday
Jeff Nielson created a new topic The U.S. "student-loan bubble" in the forums.
I'm developing an affinity for the work of Simon Black, for two reasons. First of all; I find myself regularly in agreement with his analysis (something which I don't often say - lol), and I also see much similarity in our perspective -- something I also seldom say regarding other commentators.

Getting to the topic, this is a subject which has been raised on this site occasionally over previous years (usually by Earl, as I recall), but there are two reasons for bringing it up again now -- with TOTAL U.S. student-loan debt now above $1 TRILLION. First of all; this is another Western debt-bubble which looks ready to burst. Secondly, as Black notes below (and I have noted in the past) this is another prong of the One Bank's strategy of DEBT SLAVERY.

The Two Tracks of Debt Slavery

Readers can see all the specific numbers in the excerpt below, looking nearly as ugly as the U.S. mortgage-bubble, just as it was bursting. However, I was more interested in Black's general observations about this debt-bubble:

Debt is another form of servitude. Like medieval serfs, debt keeps people tied to jobs they dislike in places they don’t want to be working for bosses they hate doing things that make them feel unfulfilled.

Debt makes it very difficult to walk away and start fresh.

In fact, ‘starting fresh’ is almost legally impossible when it comes to student debt. Even in US bankruptcy court, student debt cannot be discharged in almost all cases.

It is an albatross that hangs over you for a decade or more if you do make the payments, and it follows you around for the rest of your life if you do not
.

When you see the words "debt", "servitude", and "serfs" all within a ten-word span; obviously this is the sort of discourse which is going to meet with my own approval -- because it is precisely what is indicated by the facts. The problem is that too many other commentators sugar-coat their opinions with euphemistic terminology, instead of precisely describing this odious debt-slavery for what it really is: a YOKE which the One Bank seeks to fasten around our throats for our entire lifetime.



The other point upon which Black mentions (but doesn't spend enough time) is the DRAG on any economy caused by drowning its citizens in debt. One reason why the second U.S. housing bubble has been so anemic (by Wall Street standards) is because with most of the younger people in the U.S. either unemployed, drowning in student-loan debt, or BOTH; there is a much smaller pool of potential homeowners.

The point is that this "drag" effects all facets of the economy, and student-loan debt is another reason why even the huge drop in gasoline prices has done nothing to stimulate the U.S. economy (as shown by several consecutive months of disastrous retail sales numbers).

The U.S. Economy is Dead

The more deeply the One Bank buries everyone/everything in debt (including our national governments), the more inevitable Debt Jubilee becomes -- and the sooner it will arrive. Killing "the Goose that laid the Golden Eggs". It's what psychopaths do.

The Morality and Legality of Debt Jubilee, Part I
The Morality and Legality of Debt Jubilee, Part II
The Morality and Legality of Debt Jubilee, Part III
Killing The Goose That Laid The Golden Eggs



Every young person should see the Fed’s startling numbers on student debt

www.sovereignman.com/trends/every-young-...5908dc8da8488b7841aa

What I’m about to tell you is not my own opinion or even analysis. It’s original data that comes from the United States Federal Reserve and national credit bureaus.

1) 40 million Americans are now in debt because of their university education, and on average borrowers have four loans with a total balance of $29,000.
2) According to the Fed, “Student loans have the highest delinquency rate of any form of household credit, having surpassed credit cards in 2012.”
3) Since 2010, student debt has been the second largest category of personal debt, just after a home mortgage.
4) The delinquency rate for student loans is now hovering near an all-time high since they started collecting data 12 years ago.
5) Only 37% of total students loan balances are currently in repayment and not delinquent.

The rest—nearly 2 out of 3—are either behind on payments, in all-out default, or have entered some sort of deferral program to delay making payments, with a small percentage still in school...
04:34 PM
As the One Bank manipulates oil prices lower as part of its attack on Russia (and Barack Obama claims credit for it), what can't be forgotten -- especially in oil-producing nations like Canada -- is that Russia is far from the only victim here.

Obviously all oil-producing nations will be hurt, but the one's that will be hurt the most are the nations with the highest costs-per-barrel to produce that oil. With Canada producing the world's most-expensive oil, but selling it at the world's lowest price (thanks to the treason/incompetence of Stephen Harper); Canada is arguably being economically harmed by the One Bank/U.S. government manipulation of oil prices more than Russia.



The price-tag for this economic terrorism? We start with the "Harper Discount" on Canadian tar sands oil, a direct consequence of his deliberate negligence in failing to ensure there was sufficient refining/transportation in place BEFORE ramping-up tar sands production. Then we have the harm caused by the U.S. manipulation of oil prices.

Put the two together, and Canadian oil is currently selling for $36.02 per barrel, amounting to a $30+ BILLION per year loss for the Canadian economy, on the 750 MILLION barrels of tar sands oil now being produced each year.

And that is just the general, national impact of this terrorism and treason. More locally; Harper's reckless expansion of the tar sands has created massive inflation of (in particular) real estate prices throughout all the "oil towns" in/around "the oil patch". As indicated in the article below; as the One Bank's economic terrorism now seeks to crush ALL oil-producing nations, those real estate bubbles are now ready to 'blow'...



Obama ADMITS U.S. is manipulating oil prices
OPEC Puppets and Canada Give Away Their Oil
Canada’s Illegal Government


Blood in the oil sands: Boom and bust in Alberta

www.mining.com/web/blood-oil-sands-boom-bust-alberta/

Two oil towns that have defined Alberta’s resource – and real estate – boom now show how fast the bloom can fade.

In Fort McMurray, the city of 76,000 at the centre of Canada’s biggest oil fields, housing sales plunged 66% in February and are down 30% through the first two months of this year, the local real estate board reports. Only 48 houses sold last month and the rental vacancy rate has spiked to 12%, the highest in Alberta.

Further south in Cold Lake, the centre of in-situ oil production, total building permits plunged to $1.7 million, down from $8.9 million in the first two months of 2014. New housing starts have collapsed. Only two new single-family permits were issued since January, compared to 20 in the same period a year earlier

“Stores are less busy and streets have quite a bit less traffic,” said commercial realtor Ken Shebib who has lived and worked in Fort McMurray for 38 years “A number of my [retail] clients report that sales are down considerably as compared to last year.”...
03:53 PM
2 days ago
RoryTDC wrote:
Sorry about that--I had to do an overhaul and assigned a new URL. The article has been updated!!

Ah, I see. It was only down temporarily, and I chose to look at the wrong time. Well since my own computer was "down temporarily"; hopefully I'll have time to check it out later today...

10:13 AM
debsyl wrote:
Ankara, we have a problem.

At around 10:36 a.m. local time, Turkey suffered a massive power outage that left half of the country’s 81 provinces without electricity in what was the biggest blackout in a decade and a half. The blackout shut down subways in Instanbul and knocked out 11 of 16 air traffic control receivers, grounding flights to and from the capital. Although the cause is not yet known, officials haven’t yet ruled out the possibility that the blackout may be terror-related. Here’s more via Reuters:


Perhaps it is US related....

www.zerohedge.com/news/2015-03-31/massiv...terror-not-ruled-out



Debsyl, the interesting point here when Turkish officials use the word "terrorism" is that an infrastructure attack this massive in scope suggests some sort of high-tech means of staging this blackout. And with Turkey (once again) backing away from its ties to the West; I would suggest that this item would more likely be related to this item:

Turkey May Give Nod to Russian Missile Defense Offer – Official

Turkey may reconsider a Russian proposal to jointly develop a missile defense complex if the price is right and the technology transfer terms are more acceptable to Ankara, a high-ranking official said in Ankara earlier this week...

Once again this is from a Russian media source, and once again I saw this item at Sinclair's site. There seems to be a definite trend among the non-Sheep to now embrace any Russia media source as being "more reliable". But, then again; this is relative to the constant lying of our own media.

So relative to that; items like this might not be very reliable. But what other choice do we have? If we trust no one/nothing; then we end up as nothing but a paranoid echo-chamber...

10:08 AM
Fascinating, but not surprising Debsyl.



I think I mentioned that I've been going to an herbalist for several years, and have acquired great respect for the practitioners, and the science behind it. NATURAL substances (which is what was obviously used in any 11th century potion) possess amazing healing properties. Indeed it's another one of the "miracles" which makes me (grudgingly) lean toward Intelligent Design.

It's a tremendous pity that Big Pharma (and the psychopaths pulling its strings) became obsessed with artificial chemicals as their "medicine" for everything. They have been FORCED (by herbal science) to start incorporating some of these natural, curative ingredients in their own, chemical concoctions -- as more and more people learned about (and trusted) these natural substances.

The other, enormous point about natural healing substances is that they don't tend to produce "side effects" -- because they don't contain any (toxic) chemicals. I listen to advertisements on U.S. cable channels for some "amazing new medication", and then cringe as I listen to the long list of "possible side effects", which often include death.

I have a hard time believing that any illness/affliction could cause someone to use such toxic substances, but then again, if one is desperate enough they will try anything. The ultimate example there is chemotherapy. Scorched Earth medicine: the "cure" will kill almost anything -- often including the patient.

It's a terrible shame that herbal medicine doesn't have the resources to advertise its virtues to more or the public, and equally regrettable that many sick people lack the resources to access herbal medicine, since such (safe/benign) medications are never covered by any sort of health-insurance.

AND since herbal medicines aren't mass-produced in the same, gigantic quantities as Big Pharma's chemicals, there isn't the efficiency-of-scale which one gets with such mass-production, which tends to make safe/natural medications too expensive for many of the sickest people.

As a "P.S."; it would be interesting to note how the potion kills the 'bug'. The manner by which antibiotics operate (more-or-less simple poisoning) means that "drug resistance" is an inevitable long-term result. Conversely, the way silver kills anti-microbial agents does NOT lead to long-term resistance -- except (possibly) through some genetic fluke of mutation.
09:45 AM
Jeff Nielson, DayOwl replied to the topic Re: "Invest in Food" in the forums.
DayOwl wrote:
How to kill a big, successful company in 10-20 years!

This sounds like corporate raiding. Acquire the company, strip the assets, and then leave it to limp along on what's left. It's taking up front profits to the later detriment of the company...



Indeed DayOwl, that's a separate game altogether. These raiders will gain control over some successful/efficient company. Then once having that control; they strip-out all the profitable/valuable assets, and leave the shareholders with nothing but a hollowed-out husk.

That happened with a company in which I had invested, and was one of my larger (but still modest) investments. Fortunately I had been trading that company for a couple of years, and past profits covered the big loss I took at the end. But there was absolutely no doubt that I (and other shareholders) were defrauded -- and my brokerage was in on the fraud.

Allow one's self to play in the bankers' world of paper and endless paper-frauds, and it's becoming harder and harder to avoid being fleeced in one scam or another. And note how "inflation: (and 0% savings rates) FORCE people to gamble with their money in the banksters' (rigged) casinos.

As I've said again and again; this is literal economic rape.
09:26 AM
4 days ago
Jeff Nielson created a new topic China's "belt and road" initiative in the forums.
I saw an interesting article on Sinclair's site today, which discussed the current global interplay surrounding China's new AIIB -- it's alternative to the Western World Bank/IMF. That article was worth reading on its own, although personally when I see something which treats Western governments as being sovereign/independent I have some difficulty with such a characterization.

However, within the analysis the writer mentioned China's "belt and road" policy, a term with which I was previously unfamiliar. At that point I started Googling, and that led me to the piece below, which describes/explains this important mantra of China's government.

To begin with; the reference to "road" is historical in origin. It refers to what is known as "the Silk Road". That term refers to how East/West trade (particularly with China) has brought considerable innovations (and thus benefits) to both sides, historically.

The word "belt" refers to how China plans to enhance this "New Silk Road" in the 21st century: through creating an ECONOMIC BELT OF INFRASTRUCTURE:

In September 2013, when speaking at Nazarbayev University in Kazakhstan, Xi spoke of the creation of a “New Silk Road Economic Belt” that would run from China through Central Asia.[3] Zheng’s maritime business is coming home to roost.

“To forge closer economic ties, deepen cooperation and expand development in the Euro-Asia region, we should take an innovative approach and jointly build an ‘economic belt’ along the silk road.” Xi saw this as a “great undertaking” that would benefit “all countries along the route”. Invariably, however, the context is overwhelmingly based on a development rationale: trade is good and infrastructure should be established for that end.

The economic belt, as Xi terms it, features such concrete manifestations as high-speed rail lines, highways, bridges, and Internet connectivity. These, in turn, will be complemented by port development that is already seeing a presence in the Mediterranean and Indian Ocean.


Thus we see China's new vision for the global community: (Chinese) leadership based upon the concept of mutual benefit -- i.e. "enlightened self-interest", one of my own, favorite means of forging relationships. This is in stark contrast with the U.S. paradigm of global domination, by a single Bully, who always demanded that things be done his way.

Conversely, as was noted in the original article on the AIIB; China is going out of its way to consult with (and include) other nations as it plans the development of these Eastern organizations/entities which are going to replace the hopelessly corrupt and soon-to-be-obsolete Western institutions.

In the U.S. (One Bank) geopolitical/economic paradigm, nations were kept on-board and cooperative using "the stick", and now China is offering these nations of a glimpse of a world-order where (apparently) "the carrot" will be used instead. It's a wonderful illustration of the concept of enlightened self-interest -- and thus totally beyond the comprehension of the banksters (and their lackeys).




China’s “New Silk Road”. “One Belt and One Road”: Strategic Eurasia Land and Sea Transport Corridors


www.globalresearch.ca/chinas-new-silk-ro...rt-corridors/5428226

“The One Belt and One Road initiative is a long-term macroscopic program of strategic development for the entire State.”
- Zhao Xijun, Deputy Dean of School of Finance, Renmin University, Global Times, Dec 28, 2014

The Chinese flag hangs in fraternal union with Serbia as one crosses the Zemun-Borča bridge, completed last month, and now named Pupinov most. It was yet another infrastructure gem in what is becoming typical of Beijing’s global investment push, a policy typified by big spending and the reiteration of connectedness. Where a country is short of cash in terms of the big projects, a Chinese loan is peeking around the corner to cover the cost.

Not that this is done out of heart warming altruism. The visionary functionaries in Beijing have been dreaming of revivals and resurrections over what has come to be known as the “one belt, one road” policy. The language of the New Silk Road, more than a patch on the ancient Silk Road strategy of the Han Dynasty, has become something of an accelerant drive in planning, the hallmark of President Xi Jinping’s still early tenure.

Former UN under-secretary general and current Indian MP, Shashi Tharoor, dipped into his history books in examining the visions of the current Chinese leadership. The old Silk Road had both overland and maritime routes. Goods and ideas snaked along them, be they tea, gunpowder, paper, Buddhist scripture, and music. China itself obtained access to plants, medicines, astronomy, and the Buddhist and Islamic faiths (Project Syndicate, Oct 14, 2014).[1]...



China wants to compel U.S. to engage it as an equal partner in AIIB

atimes.com/2015/03/china-wants-to-compel...as-an-equal-partner/

The AIIB Charter is still under discussion. The media report that China is not seeking a veto in the decision-making comes as a pleasant surprise.

Equally, China is actively consulting other founding members (who now include U.K., Germany, France, Italy, etc). These would suggest that Beijing has a much bigger game plan of scattering the U.S.’ containment strategy. Clearly, the Trans-Pacific Partnership free-trade deal is already looking more absurd if China were to be kept out of it. The point is, AIIB gives financial underpinning for the ‘Belt and Road’ initiative, which now the European countries and Russia have embraced, as they expect much business spin-off.

China has said that its Silk Road projects are not to be confused as a latter-day Marshal Plan for developing countries, and that, on the contrary, the projects will be run on commercial terms. Which opens up enormous opportunities for participation by western companies. In geopolitical terms, therefore, China hopes that the ‘win-win’ spirit that permeates the AIIB and ‘Belt and Road’ will render ineffectual the American attempts to hem it in on the world stage and compel Washington to revisit a ‘new type of relations’ with China...
05:03 PM
Jeff Nielson replied to the topic Re: The original corporate raiders in the forums.
Fascinating stuff Earl.

While most of the historical context no longer applies to our (modern) world in specific terms, the general PARADIGM contains many notable parallels. First of all; we have a basic equation of human commerce/business/economics:

Big = Bad
Bigger = Worse
Biggest = Worst

As the East India Company became larger, and thus (automatically) more powerful, it also (automatically) became more MALEVOLENT. What do you do once you're the "biggest" entity (in anything)? You try to STOMP-OUT any/all competition.

With the East India Company's physical trading empire; it tried to stomp-out competition through its own fleet of marauding pirates -- the psychopaths of that era. It's thus only natural (and poetic justice) that some of those psychopaths turned on their Master.

What do we see today, with the One Bank's (criminal) financial empire? It, too, does anything/everything it can to stomp-out competition. But instead of using pirates; it uses "financial regulators", its puppet-governments, and its own financial crimes to destroy any/all competition.

This is why, for well over a century, we have had "anti-trust laws" across the Western world: to specifically PREVENT any entity from becoming even a tiny fraction as large/powerful as the East India Company. The fact that we have a crime syndicate today which is proportionately even larger than the East India Company is proof of how corrupt/negligent our governments have been in (not) enforcing these laws.
12:46 PM
Rory, I was interested in what would be in this clip, but the link is dead, and I can't find this feature on your site anywhere...???
10:12 AM
5 days ago
Earl replied to the topic Re: The original corporate raiders in the forums.
To the Community,

This is really a fascinating thread. Deep history. Great research, as Dylan always presents.

I had to go to the company site. Knowing what we know, it made it all an interesting adventure. "Spices" and the current thread bullionbullscanada.com/bulletin-boards/1...nvest-in-foodq#32291

I gotta take a company line here-

They were explorers, traders, innovators. They took risks, they broke new ground and they sometimes got it wrong.

They were pioneering; creating many of the means and rules of commerce we use today.


I could write a better line-

At the East India Company, We just- Innovate, Decimate, Desecrate.

"Thank You", Dylan for a fascinating thread-

Earl

The East India Company

Heritage

www.theeastindiacompany.com/

Since its creation in 1600 by The Royal Charter granted by Queen Elizabeth I, the influence of The East India Company has been well documented. Without The Company our world would not be as it is today.

It changed the world’s tastes, its thinking, and its people. It created new communities, trading places, cities and shaped countries and commercial routes.

Singapore and Hong Kong were established by The Company and India was shaped and influenced by it. At one point The Company had the largest merchant navy in the world and conducted and controlled 50% of world trade.

With statistics like that it’s easy to forget that at its heart, were real people.

Our heritage is in the spirit of those pioneers. The East India Company’s employees did not set out to change the world. They were people who set sail to establish trade routes, to discover and bring back new goods, and in doing so broke down the barriers of the world.

They were explorers, traders, innovators. They took risks, they broke new ground and they sometimes got it wrong.

They were pioneering; creating many of the means and rules of commerce we use today.

They were individuals, living by the rules of their times – determined, entrepreneurial and human – who were driven by their passion and enthusiasm; the same qualities that drive our team today.


The Company Today

www.theeastindiacompany.com/

When you hear our name you will probably already have a sense of who we are. You may think of the exotic; of distant shores and bustling ports. Perhaps you see explorers, adventurers, pioneers, or swashbucklers. You may smell delicate spices, feel the gentle folds of calicos and silks, or sense the diversity of colourful cargoes. That’s the beauty of our brand.

Deep within the world’s sub-consciousness is an awareness of The East India Company, a powerful picture of who we are. You’ll feel something for us, you’ll have a connection to us, even if you don’t know us. This gives us a unique opportunity. We don’t have to tell most people we exist, nor tell them what to think and feel – with it comes a responsibility – to live up to our reputation as pioneers, to bring extraordinary goods from around the world to our discerning customers, and to do it fairly, ethically and honourably.

Did You Know?

www.theeastindiacompany.com/

CRICKET

Cricket was first played in India in 1721 by the officers and men of an English ship. The game became popular in all the Company’s Presidencies and the Calcutta Cricket Club was founded in 1792.

PUNCH

paunch punch drink east india companyPunch was a favourite with the Company’s employees in India. The word is from the Hindustani “Panch” meaning five. This refers to the five ingredients then used in the drink, namely tea, arrack, sugar, lemons and water.

TEA LADIES

The Company created England’s first ‘tea lady’. A Mr & Mrs Harris were appointed to look after the Company’s HQ in 1661. Mrs Harris took charge of brewing tea for committee meetings. The custom of tea breaks was born!
THE USA AND HAWAII FLAG

modern east india company flagThe flag of The East India Company, which initially consisted of a St Georges Cross and later a Union Flag and stripes. The East India Company flag is reputed to be the inspiration for the Stars and Stripes and the state flag of Hawaii.

PIRATES, THE LEGENDARY CAPTAIN KIDD

During the 17th, 18th and 19th centuries piracy was rampant in the Indian Ocean and South China Sea. The East India Company hired Captain Kidd to help combat the problem as a “Private Man” and he was given a commission to command a “private man of war” as follows:
captain kidd east india company“Now know ye, that we being desirous to prevent the aforesaid mischiefs, and as much as in us lies, to bring the said pirates, freebooters and sea-rovers to justice, have thought fit, and do hereby give and grant to the said Robert Kidd, to whom our commissioners for exercising the office of Lord High Admiral of England, have granted a commission as a private man-of-war, bearing date the 11th day of December, 1695,)”

Kidd soon recognised that he could make more as a pirate himself and did not confine himself to attacking only pirate ships and competitive foreign vessels. As the legendary Captain Kidd he sailed the high seas, terrorising and looting legitimate traders, as The Crown saw it. Kidd was hanged for piracy and murder in London on May 23, 1701. The sometimes ambiguous nature of “private mans” role is summed up by this quotation: “It was William Kidd’s misfortune to sail the seas as a privateer just when the rules changed and the privateer became an outlaw…”

FACTORY

The word factory originally meant an East India Company trading station. Each consisted of an office, warehouses and living accommodation, rather than a manufacturing facility. The word factory comes from factor. A factor was a Company buyer/seller. Staff were promoted by grades: writer, factor, junior and senior merchant. Usually spending three years at lower levels before moving up the ranks.
04:52 PM
Jeff Nielson replied to the topic Re: "Invest in Food" in the forums.
Despicable news, Earl.

Understand how these Corporate lackeys SERVE the One Bank -- while they RAPE their own companies. There is no "benefit" of any kind in this merger. There will be no "efficiency gains". There will be no societal benefit of any kind.

These mega-corporations were ALREADY far too large for this merger to have created any "efficiencies of scale". On top of that; with all of these mergers, the acquiring company must BORROW huge sums of money to finance the purchase. Thus these two mega-corporations will become one, larger, less-efficient behemoth.

Note that these companies are already illegally too large, thus this merger is also totally illegal. We have had (anti-trust) LAWS to prevent any companies from getting this large, for over a hundred years. Our corrupt governments have stopped enforcing those laws.

Thus the senior exectutives will pay themselves each other $10's of millions (or $100's of millions) in "bonuses" for this pointless merger, and the One Bank will collect lots more interest on their new debts, and WE will all pay higher prices for our ketchup and pickles and everything else produced by this evil entity -- in order to PAY THE INTEREST to the One Bank, and pay the "bonuses" of the thieving Executives.

Oh, there will be one other consequence too:

James Angel, an associate professor of finance at Georgetown University's McDonough School of Business, said that will probably result in job losses.

"Even though it is painful for the people involved, those resources will be freed up for other, potentially more productive, uses," he said.


Those people will lose their jobs to pay for the bonuses to the executives, and the interest payments to the One Bank. The SUPPOSEDLY "potentially more productive uses" for their wages is to pay the bonuses to the thieving executives and the interest payments to the One Bank. This is more, pure evil.



The Death of Competition: Oligopolies Unmasked

The One Bank
11:04 AM
6 days ago
Earl, Jeff Nielson replied to the topic Re: "Invest in Food" in the forums.
H.J. Heinz Buying Kraft in Deal to Create Food Giant

www.nytimes.com/aponline/2015/03/25/us/a...=tw-nytimes&_r=2

NEW YORK — Some of the most familiar names in ketchup, pickles, cheese and hot dogs are set to come under the same roof after H.J. Heinz Co. announced plans Wednesday to buy Kraft and create one of the world's largest food and beverage companies.

The deal would bring together an array of longtime staples in American kitchens, including Oscar Mayer lunchmeats, Jell-O desserts, Miracle Whip spreads, Ore-Ida potatoes and Smart Ones diet foods.

The combination of the two companies — each more than a century old — was engineered by Warren Buffett's Berkshire Hathaway and Brazilian investment firm 3G Capital, which teamed up just two years ago to buy Heinz. While shoppers are not expected to see any major changes, the creation of The Kraft Heinz Co. reflects the pressures facing some of the biggest packaged food makers in the U.S.

As consumers increasingly migrate away from popular packaged foods in favor of options they consider less processed, companies including Campbell Soup, General Mills and Kellogg have been slashing costs or striking deals to update their products offerings. The Heinz-Kraft deal is in many ways just the latest example of that, although Buffett noted that the two companies still have a strong base of customers.

"I think the tastes Kraft and Heinz appeal to are pretty enduring," he said in a telephone call to the business news channel CNBC.

Still, the early plans outlined by Kraft and Heinz executives in a conference call Wednesday focused largely on the savings that would be achieved through the deal, rather than the potential for sales growth in North America. They said they expect to save $1.5 billion through moves such as combining manufacturing and distribution networks.

James Angel, an associate professor of finance at Georgetown University's McDonough School of Business, said that will probably result in job losses.

"Even though it is painful for the people involved, those resources will be freed up for other, potentially more productive, uses," he said.

The boards of both companies unanimously approved the deal, which still needs a nod from federal regulators and shareholders of Kraft Foods Group Inc. The companies say they expect the deal to close in the second half of the year.

If the agreement goes through, Kraft is expected to undergo cost-cutting under the management of 3G Capital, which is known for running tight ships.

The president of the United Food and Commercial Workers International Union, which says it represents 3,250 Kraft and Heinz workers in North America, said the union will work with the companies to make sure they "do what is right and responsible" and don't let cost-cutting measures hurt workers.

John Cahill, who took over as CEO of Kraft late last year, noted that the new management would drive a "much leaner organization," as was the case when 3G took over Heinz. He said 3G can "make this happen deeper and faster."

"What we have not been thrilled about is some of our execution," Cahill said.

The two companies also see potential in pushing their products more aggressively overseas. Since splitting from Mondelez in 2012, Kraft's business has been primarily concentrated in North America. But executives noted that Kraft's brands are well known in major markets around the world, including the United Kingdom, Mexico, China and Brazil.
Continue reading the main story Continue reading the main story

Already, Heinz gets 61 percent of sales from outside North America, said Bernardo Hees, the CEO of Heinz and a partner at 3G Capital who will become head of the newly created company.

The deal came together rapidly, Buffett said, having been in the works for only about four weeks. The new company will be co-headquartered in Pittsburgh, where Heinz is based, and the Chicago area, home of Kraft, and will have annual revenue of about $28 billion.

Eight of its brands have annual sales of $1 billion or more and five others log sales between $500 million and $1 billon every year.

Shares of Kraft jumped 36 percent Wednesday to close at $83.17.

The total value of the deal is difficult to gauge because Heinz is privately held. But Kraft shareholders will receive stock in the combined company and a special cash dividend of approximately $10 billion, or $16.50 per share. Each share of Kraft will be converted into one share of Kraft Heinz.

Current Heinz shareholders will own 51 percent of the combined company, with Kraft shareholders owning a 49 percent stake.

The Kraft Heinz board will include six directors from the current Heinz board. Those six directors will include three members from Berkshire Hathaway and three members from 3G Capital. The current Kraft board will appoint five directors to the combined company's board.

Kraft Heinz plans to keep Kraft's current dividend once the transaction closes. Kraft has no plans to change its dividend before the deal is complete.
04:20 PM
Jeff Nielson created a new topic Central America wants closer ties to RUSSIA in the forums.
I saw this at Sinclair's site, and it's just one of a series of blockbuster developments over the past few months which clearly signals the END of Western (i.e. U.S.) hegemony. It's hard to even attempt any sort of comprehensive list here, but here's a few items which come immediately to mind:

1) Western nations embracing the renminbi as the new "global currency", even as China now advertises its currency with that label. We had the UK announcing it would begin issuing its OWN BONDS denominated in renminbi, then we had Canada's government announcing a massive "currency-swap" with China -- trading soon-to-be-obsolete U.S. paper for renminbi.

2) We've seen Western nations announcing they would join/participate in China's alternative to their own World Bank/IMF: the AIIB.

3) We saw the U.S. (the One Bank) scheming to have Russia thrown out of its "SWIFT" electronic commerce system, and then (at the last minute) begging it to remain in SWIFT, as China seeks to build-up its Asian alternative to this Western institution: its CIPS electronic commerce system.

4) We saw China forcefully/publicly pledge to defend Russia's economy from Western economic terrorism, when the U.S. made an obvious attempt to destroy Russia's economy. Then almost immediately after that we saw Russia offering to backstop Greece, as the EU attempts to play its own game of financial blackmail/economic terrorism there.

Now we see Central American nations, who for many years have been terrified of saying/doing anything to offend the Local Bully, now openly expressing their desire for closer ties to the U.S.'s new/old "Public Enemy #1": Russia. Just as the European nations' decision to join the AIIB was a slap-in-the-face to the U.S. (the One Bank's Fourth Reich), so too, this is another slap-in-the-face.

Here I think it's interesting to refer to a comment from a recent interview of Jim Rogers (at Sprott Money) which I just finished listening to.

...You know, I hate to say this, I’m an American citizen, but the U.S. is forcing them to do this. We keep coming up with sanctions and rules and regulations and penalties on people, no matter what. They penalize you for doing something in other countries which is legal in the other countries, but not legal in America. So needless to say, the rest of the world is getting tired of this, getting fed up, cannot operate in a system like that, and so they are now, it’s not just China and Russia, its other countries that are now putting together an alternative and competing system which will ultimately, of course, will mean a competing currency as well. At that point the U.S. dollar is probably going to have serious problems, because if we cannot control things the way we have been able to for the past 60 or 70 years. And again, we’re bringing it on ourselves, all these bureaucrats in Washington are coming up with constant regulations and penalties, now the rest of the world is being forced to do something outside of the U.S. system.

What have I been saying here since virtually Day 1 of this site: that even if we don't find the collective will to rid ourselves of this near-omnipotent Crime Syndicate that it would destroy itself -- through the excessive/overkill behavior which is characteristic of all pyschopaths.

Now as we SEE the Global Community now rejecting U.S. (and thus One Bank) hegemony, in ever more-obvious/more-emphatic terms; we HEAR Jim Rogers looking at these developments and saying the U.S. has "brought this on itself".

As the One Bank's empire of financial fraud/crime has shown more and more obvious cracks, instead of attempting to cut its losses, and consolidate what could be salvaged from its present system-of-corruption; it did the precise opposite. It "raised the ante" with all of its past criminality, and descended into full-fledged economic terrorism to try to maintain its choke-hold over most of the world's nations.

And the harder it has "squeezed" the more determined the Rest of the World has become to rid itself of this economic/geopolitical Cancer. Naturally the article below didn't come from the Western propaganda machine.

P.S. Note another sign of the "changing times". Not too long ago; people (in the West) would not even pay attention to anything which came from TASS (formerly an official part of the Soviet propaganda machine). Today, we read TASS. But its cesspools like "Bloomberg" or "The Wall Street Journal" where the propaganda is so absurd that we generally won't waste our time there...

The Old World Order
The Fourth Reich
Economic Terrorism Against Russia Intensifies
U.S. Begs Russia to Remain in ‘SWIFT’; the One Bank Fails Again
Rothschild vs. Rothschild


All Central American nations ready to develop cooperation with Russia — minister

tass.ru/en/russia/785244

All the Central American countries are prepared to strengthen cooperation with Russia in a broad spectrum of spheres, Guatemalan Foreign Minister Carlos Raul Morales said on Thursday upon the end of negotiations with the Russian Foreign Minister, Sergey Lavrov.

"We’re going to strengthen our cooperation and I’m speaking not only on behalf of Guatemala but on behalf of all the Central American nations," Morales said...
01:04 PM
Jeff Nielson created a new topic Ask The Expert – Jim Rogers in the forums.
I don't generally poach much from Sprott Money, but as regulars here know; Jim Rogers is near the top of my list when it comes to quasi-mainstream icons in our markets.

I thought Geoffrey Rutherford had a lot of interesting questions for him, and was especially interested myself in his views on "asset confiscation" and safe jurisdictions.


Ask The Expert – Jim Rogers

www.sprottmoney.com/news/ask-the-expert-jim-rogers-march-2015

[partial transcript]

Geoff: Hello, and welcome back to Ask the Expert here on Sprott Money News. I’m your host Geoff Rutherford, and on line today we have Mr. Jim Rogers. Jim Rogers is a critically acclaimed author, financial commentator, and successful international investor. He’s frequently featured in such publications as The New York Times, Barron’s, Forbes, The Wall Street Journal, and Financial Times, and is a regular guest on television shows around the world. Mr. Rogers is a co-founder of the Quantum Fund, a global investment partnership. After electing to retire at the age of 37, Mr. Rogers has served as a professor of finance at Columbia University School of Business, and has written four books on investment, including Hot Commodities, Adventure Capitalist, and Investment Biker. Mr. Rogers also designed the widely followed Roger’s Commodity Indices and travels the world highlighting the case for investment in commodities as an asset class. And with that, we’d like to welcome Mr. Jim Rogers. Good morning, or good night James. How are you doing today, sir?

Jim: I’m delighted. It’s actually morning here, Geoff. You’re in the night time, I think, but I’m in the day time.

Geoff: That’s right, that’s right. So Jim, we have a number of questions here from our listeners, so let’s get started here. We’ve been looking at what’s been happening with gold over the last week or so, even the last two weeks, and we’ve seen the price slide, we’ve seen the price go up. The question is, what conditions would prompt for you to sell your gold?

Jim: To sell my gold? Well gold is going to turn into a bubble eventually, and when it turns into a bubble, I hope I’m smart enough to sell it. On the other hand, on the down side, I’m not quite sure that I can think of anything that would cause me to sell my gold. If nothing else, it’ll be for my children someday...
12:26 PM
Jeff Nielson replied to the topic Re: Jeff Nielson, for Sprott Money: in the forums.
In many ways this commentary is a follow-up to the one I just wrote here, although I didn't see any point in explicitly connecting the two...

More Evidence of the Master Trading Algorithm

Essentially this new commentary for Sprott Money is indirect proof of the Master Trading Algorithm. I explain why telling bigger and bigger economic lies is a dangerously counterproductive strategy. But then I explain why such lies are MANDATORY -- if there is a Master Trading Algorithm.




Why U.S. Economic ‘Statistics’ Get More and More Absurd

www.sprottmoney.com/news/why-u-s-economi...on-sprott-money-news

Many recent commentaries have noted a distinct devolution in the numerical lies which the U.S. government calls its “economic statistics”. Numbers which used to be mere exaggerations (i.e. used to somewhat mirror the real world) have now become literally perverse: opposite to reality.

As U.S. “retail sales” collapsed at the end of last year (and now into this year) with a string of negative numbers; we’re told that somehow U.S. “consumer spending” surged by 4.3% in the fourth quarter of 2014, something which is mathematically impossible, since the two numbers must mirror each other...
12:07 PM
Jeff Nielson created a new topic Now UKRAINE seeks "debt-restructuring" in the forums.
As Ukraine's U.S.-backed government now seeks its own "debt-restructuring"; we once again see an incredibly blatant double-standard. On the one hand, for the past several months we have had Greece's new, legitimate government patiently attempting to negotiate a debt-restructuring -- i.e. reductions in debts much too large to ever be repaid.

Greece Says ‘No’ To Fake Bail-Outs

We have the Vampires of the EU deliberately/obstinately refusing to consider any proposal from Greece which involves debt-reduction. Now we have the Western puppet-government in Ukraine belligerently demanding its own debt-reductions, as it enters supposed "negotiations" with its largest creditor: Russia.

Understand the Plan here. Most likely Ukraine's puppet-government has already been ordered to default on its (Russian) debts, and this "negotiation" is nothing but a theatrical sham. Then after Ukraine defaults on its huge debt to Russia; the West will announce a(nother) "massive financial aid package" to Ukraine (i.e. more huge LOANS). Then instead of Russia's government having a debt choke-hold over Ukraine's government, it will be the West (i.e. the One Bank) with that choke-hold.

The Leverage of Debt and the Levers of Power


There is an obvious SMART way for Vladimir Putin to deal with this latest belligerent/provocative act by the Ukraine puppet-government: tell the Western stooges representing Ukraine that he will negotiate debt restructuring with that government the DAY AFTER the West's bankers restructure Greece's debt -- and he will then offer the Ukraine government debt-relief PROPORTIONATE to whatever debt-relief the Western bankers give to Greece.

Equal treatment. Let's see the liars in the Corporate media try to pervert that...???



The One Bank
The Old World Order


Default Risk Soars After Ukraine's 'American' FinMin Suggests Severe Haircuts For Creditors (Including Russia)

www.zerohedge.com/news/2015-03-27/defaul...e-haircuts-creditors

When money managers talk outside their narrow field, nonsense is guaranteed to ensue. No better example than this Bloomberg piece on Ukraine’s ‘debt restructuring’ plans, which are as much a political tool as they are anything else at all. Ukraine’s American Finance Minister has announced a broad restructuring plan with a wide range of severe haircuts for creditors, and she – well, obviously – wishes to include Russia in the group of creditors who are about to get their heads shaved.

And despite all obvious angles to the issue that are not purely economical, Bloomberg presents a whole array of finance professionals who are free to spout their entirely irrelevant opinions on the topic. If you didn’t know any better, you’d be inclined to think that perhaps Russia is indeed just another creditor to Kiev.

Putin Plays Wildcard as Ukraine Bond Restructuring Talks Begin

As Ukraine begins bond-restructuring talks, it finds itself face-to-face with a familiar foe: Russia. President Vladimir Putin bought $3 billion of Ukrainian bonds in late 2013. The cash was meant to support an ally, then-President Yanukovych.

That is, for starters, a far too narrow way of putting it. Russia simply wanted to make sure Ukraine would remain a stable nation, both politically and economically, because A) it didn’t want a failed state on its borders and it wanted to ensure a smooth transfer of its gas sales to Europe through the Ukraine pipeline systems. Whether that would be achieved through Yanukovych or someone else was a secondary issue. Putin was never a big fan of the former president, but at least he kept the gas flowing...
11:41 AM
Jeff Nielson created a new topic Ukraine's government declares debt-default in the forums.
I was positively stunned to see this article at Zero Hedge, where Ukraine's U.S.-backed government has demanded "debt-restructuring" -- i.e. severe reductions in its bond-debt. In fact; it's gone further and simply "announced" this "restructuring".

What this is (depending on how you choose to characterized this) is either a "mini-debt default", or a mini-Debt Jubilee. Debtors cannot UNILATERALLY "restructure" their own debts, i.e. simply tell their creditor(s) that they only plan to pay-back part of their debts.

What was totally missed by Zero Hedge in writing about this is the parallel with Greece's situation. What is Greece trying to negotiate right now with the EU Vampires? A "restructuring" of its own debts. And what is the response of the Vampires? Greece's honest/legitimate government is "crazy" and "radical" for even suggesting such a thing.

Why this incredibly blatant and odious double-standard, where we have a Western puppet-government simply declaring its own debt-default; while the same puppet Vampires try to do everything in their power to prevent Greece's government from doing the exact same thing?

The Leverage of Debt and the Levers of Power

Because the hypocrisy serves the One Bank. Trying to force Greece to not simply keep but ADD to its totally unrepayable debt helps to TIGHTEN the debt choke-hold it has over Greece (and all Western governments). Then we have Ukraine.

In this case; much of Ukraine's debts are owed to Russia, not to the One Bank. So it has no choke-hold over this government (yet)...but Russia does. So the "plan" is to have Ukraine's government default on its Russian debt (as we see here) at which point the West will announce "massive financial aid" to Ukraine -- i.e. huge LOANS, which will then attach a Western (One Bank) yoke-of-debt around the throat of Ukraine's government.

Then it will officially be a "part of the West": hopelessly buried in debts to the most rapacious Crime Syndicate that the world has ever known.

The One Bank
The Old World Order

What readers need to also understand is that this unilateral, partial debt-default (without even consulting its creditors) is a POLITICALLY BELLIGERENT ACT, no different than tearing up a trade-agreement, or any other treaty/contract between it and other nations. It is essentially an economic declaration of war. It is the way in which fascist (i.e. uncivilized) nations behave.

Contrast with the government of Greece, faced with debts which are at least equally as "odious", yet it patiently tries to NEGOTIATE with these Vampires, despite their (deliberately) obstinate refusal to even consider any rational restructuring.

Greece Says ‘No’ To Fake Bail-Outs

That is how a civilized government behaves.




Default Risk Soars After Ukraine's 'American' FinMin Suggests Severe Haircuts For Creditors (Including Russia)


www.zerohedge.com/news/2015-03-27/defaul...e-haircuts-creditors

When money managers talk outside their narrow field, nonsense is guaranteed to ensue. No better example than this Bloomberg piece on Ukraine’s ‘debt restructuring’ plans, which are as much a political tool as they are anything else at all. Ukraine’s American Finance Minister has announced a broad restructuring plan with a wide range of severe haircuts for creditors, and she – well, obviously – wishes to include Russia in the group of creditors who are about to get their heads shaved.

And despite all obvious angles to the issue that are not purely economical, Bloomberg presents a whole array of finance professionals who are free to spout their entirely irrelevant opinions on the topic. If you didn’t know any better, you’d be inclined to think that perhaps Russia is indeed just another creditor to Kiev.

Putin Plays Wildcard as Ukraine Bond Restructuring Talks Begin

As Ukraine begins bond-restructuring talks, it finds itself face-to-face with a familiar foe: Russia. President Vladimir Putin bought $3 billion of Ukrainian bonds in late 2013. The cash was meant to support an ally, then-President Yanukovych.

That is, for starters, a far too narrow way of putting it. Russia simply wanted to make sure Ukraine would remain a stable nation, both politically and economically, because A) it didn’t want a failed state on its borders and it wanted to ensure a smooth transfer of its gas sales to Europe through the Ukraine pipeline systems. Whether that would be achieved through Yanukovych or someone else was a secondary issue. Putin was never a big fan of the former president, but at least he kept the gas flowing...
11:15 AM
RoryTDC wrote:
Over the next twenty-four months I believe we are going to see the golden rule reassert itself on the global stage. Anyone that has been paying attention has witnessed a "hoovering-up" of gold by the Eastern countries, in particular China and India. Recently, we have also seen the emergence of China being much more vocal about currencies, global trade and the flow of products. It is no secret that China is the worlds manufacturing hub and being in that position should give one an advantage to see just how the global market place functions.

On March 20, 2015 the "New" London Gold Fix was launched. From what I can tell, the only thing "new" about it is the word "new". Same criminal bullion banks making decisions regarding golds price for the day.

As my undergrad English major advisor used to say: “This is old wine in a new bottle.” Meaning, you can dress up a pig but underneath the fancy clothes it’s still a pig. The “new” London gold fix will enable the big bullion banks to continue rigging the paper gold market and looting investor money. They are now emboldened to do it in broad daylight and without masks.

This applies wholeheartedly to the “new” LBMA fix. Given that the reporting of the GOFO rates has been eliminated and the “new” price data has fancy lipstick but is even less informative than the LBMA’s old data reporting, the “new” London gold price fix is at least – if not more – corrupted than the old fix.


Continue Reading and Listen to Interview - audio download or video at thedailycoin.org/?p=22804




Rory, I loved that little excerpt of a Bernanke-interview that you spliced into the clip. I've never seen B.S. Bernanke have to answer real questions before. It was absolutely delightful to watch him squirm and stumble. It was like watching Tim Geithner.



Was that a part of some Congressional hearing? I'm pretty sure I've read some quotes from that grilling previously, but never had a chance to listen to the clip.
10:30 AM
1 week ago
Jeff Nielson replied to the topic Yemen about to be "invaded"...??? in the forums.
Zero Hedge is reporting that Yemen is "about to invaded" in a joint-operation by two of the U.S.'s most loyal Thugs: the puppet-monarchy of Saudi Arabia, and the recently-reinstalled fascist government in Egypt. Note the progression in this chain of events (and chain of propaganda) as reflected by earlier posts in this thread.

A little over 6 months ago; we have the Saudi puppets "warning about the Jihadists", the now utterly meaningless label now given to ANY Arab entity which is not pro-Western (i.e. pro-Fascist). Naturally this was loyally "reported" by the Corporate media, as part of their anti-Arab/anti-Muslim brainwashing.

Then three months ago; the corrupt-and-brutal, U.S.-backed, police state government in Yemen was overthrown. Now, today, we hear that this new government (which is every bit as "legitimate" as the U.S.-installed regime in Ukraine) is about to be toppled by U.S.-backed thugs.



What is the real reason for this invasion? We get the answer to that from the Reuters article, the day this new government took power:

The Shi'ite Muslim group is stridently anti-American and is backed by Iran.


There we have it; two "reasons" to invade this sovereign nation. Yemen's new government was doomed from the day it took power.

Note that there is no LEGITIMATE pretext even offered for this invasion of a sovereign nation -- not even in the propaganda of the Corporate media. Egypt and Saudi Arabia are now BOMBING, and are about to militarily invade this nation as a supposed negotiation tactic.

The aim is not to occupy Yemen but to weaken the Houthis and their allies until they enter negotiations for power-sharing, the officials said.

This is not how CIVILIZED nations behave. This is not even slightly in accordance with international law, and (as usual) the U.S. government is obviously behind it. It is nothing but the mantra of fascism and Fascists. Might is right.




Saudi Arabia, allies open air campaign against Yemen rebels

m.apnews.com/ap/db_289563/contentdetail....contentguid=0RhbSV8h

SANAA, Yemen (AP) - Saudi Arabia bombed key military installations in Yemen on Thursday, leading a regional coalition in a campaign against Shiite rebels who have taken over much of the country and drove out the president. The dramatic military assault turns impoverished, fragmented Yemen into a new front in the conflict between Saudi Arabia and Iran.

Egyptian military and security officials told The Associated Press that the military intervention will go further, with a ground assault into Yemen by Egyptian, Saudi and other forces, planned once airstrikes have weakened the capabilities of the rebels, known as Houthis, and their allies...
Mar 26
...a project in Russia.



I saw this very interesting news item at Sinclair's site, where France's largest oil-and-gas company Total, is seeking $15 BILLION in financing from China, in order to commence a large project in (supposedly off-limits) Russia. This is "very interesting" for two reasons.

First, it's another obvious signal of the shift from West to East in the global economy. Normally any French (or other Western) mega-corporation would seek financing from Western banks (i.e. the One Bank), and the destination for the "project" would be within the Western bloc, or its expansive (and colonial) "sphere of influence". Here we see Western bankers being shut-out completely. Could that have anything to do with the fact that they are now renowned around the world as notorious and rapacious Thieves...?



Then we have the other dimension to this news item: "dealing with the Enemy". A large French company is looking to make a large investment in Russia, and that's nothing less than a direct slap-in-the-face to the U.S. government, and its increasing ineffective efforts to "economically isolate" Russia.

Not too long ago, such defiance of U.S. geopolitical dictation would have been almost unthinkable. But as the U.S. government gets increasingly belligerent with its military and its "international relations"; at the same time it is becoming increasingly economic anemic, and increasingly ECONOMICALLY IRRELEVANT.

It is only in the propaganda of the Corporate media (inside the Wonderland Matrix) where the U.S. remains the centerpiece of the global economy. In the Real World; it's now China who is the Big Dog. But former Big Dogs don't like losing their status (and privilege).

Does this mean we are about to see another "terrorist attack" in France? The last "terrorist attack" came almost exactly one week after France's president publicly called for an end to (U.S.-led) sanctions against Russia.

P.S. The great irony here is that (according to the article) it's the "U.S. sanctions" against Russia which forced Total to cut-out both Western banks and the Mighty Dollar in putting together this project. Yet again; the actions of these Wile E. Coyotes appears to be about to boomerang in their faces.



U.S. Begs Russia to Remain in ‘SWIFT’; the One Bank Fails Again


Total to raise $15 billion in China for Russian projects

rt.com/business/243201-total-china-russia-investment/

French oil and gas producer Total is looking for $15 billion in investment from China to pay for expansion in Russia, the company’s CEO Patrick Pouyanne said. This could be the largest private corporate deal involving Chinese banks.

Total wants to expand the financing of the $27 billion dollar Yamal LNG project in Russia’s Siberia, said Pouyanne in an interview with the WSJ. The company says it’s possible the funding will be in either euro or yuan.

“You have a strong willingness to build the project financing [from the Chinese financial institutions – Ed.],” he said. “It’s not an easy task, to be clear. We would have preferred to do it with dollars.”

The attraction of dollar investment is complicated by the sanctions the US imposed against Russia in order to hamper its access to the global financial markets...
Mar 26
Jeff Nielson replied to the topic More "highway robberies" by U.S. police in the forums.
Here's another report, from a different source, of U.S. police detaining someone for some trivial technicality, and then (plainly and simply) STEALING any money they find. But note there is something very different about this report.

In this case; the victim was subjected to both a FALSE ARREST (which put his vehicle in the "custody" of the police criminals), and he was subjected to an ILLEGAL SEARCH (which was how the police/thieves found the money they stole). The victim did not "give consent" to have his vehicle searched -- as was suggested in the previous, CBC feature.

In that previous piece; the robbery victim is also pulled over/detained for some triviality. But in the CBC feature; it was noted:

...if you were foolish (or intimidated) enough to have consented to the search, and you’re carrying any significant amount of cash, you are now likely to lose it.


The thefts, as outlined by the CBC, were quasi-legal. The original detention (for some trivial infraction) is legitimate, in that it is a form of police harassment where nefarious intent cannot be proven, and thus it falls under the category of "officer discretion".

Similarly, if one consents to a search because the officer was "suspicious", this is also above legal reproach. At this point the "confiscation" of any money found is virtually the same to the "shake-down" racket which U.S. customs have engaged for many years. Thus the shake-down, as depicted by the CBC, is merely an extension of that quasi-legal thievery -- moving it internally, where there are more potential victims, and thus a larger potential haul.



However, what is described in this news item is OPEN CRIMINALITY: arrest-without-cause, search without either consent, warrant, or "probable cause". This is not the search-and-seizure racket done through merely 'stretching' the rules to the point of quasi-criminality.

What is described here is a simple robbery, where there can be no possible pretext of legitimacy, perpetrated by Thieves exploiting the power/authority conferred to them by their badges and uniform. Note also that with this search-and-seizure robbery perpetrated while he was in custody at the police station, this directly implies collusion amongst some/most/all officers, with respect to this TOTALLY ILLEGAL robbery.



This is total lawlessness. How long before U.S. residents become afraid to report crime, because as soon as the officer shows up, he'll look for some excuse to "do a search"...???

P.S. As noted in the title of the piece below, none of these robbery victims are ever charged with a crime, because to do subjects any "seizure" to JUDICIAL SCRUTINY. Thus, unless the judge was given his own "cut"; he would rule these obviously illegal searches as illegitimate, and return what was stolen to the victim.



Cops can confiscate your cash without charging you with a crime

features.aol.com/video/cops-can-confisca...t-charging-you-crime

John Newmerzhycky was traveling down Interstate 80 in Iowa with his pal Bart Davis when an Iowa State Trooper pulled them over.

Inside Edition’s Lisa Guerrero asked Newmerzhycky, “Were you obeying all the traffic laws, were you doing the speed limit?”

He replied, “I had the cruise control set. I wasn't doing anything wrong.” He was pulled over anyway.

The entire stop was recorded on the trooper’s dash cam video. The officer could be heard saying, “If y'all step out here, I’ll write you a warning real quick and get you out of here.”

The officer seemed friendly enough, and gave Newmerzhycky a written warning for failing to signal when changing lanes.

Newmerzhycky thought he would be on his way, but just as he was heading back in his vehicle the officer can be heard asking, “Can I search your car?”

“I don't see any reason to, no,” Newmerzhycky replied.

The officer asked, “Can I run a K-9 through the car?”

Newmerzhycky answered, “I'd prefer to be on my way. Do I have a right to say no?”

“You do,” the officer responded.


Newmerzhycky was detained anyway because the officer said he appeared nervous.

After the incident, Guerrero asked Newmerzhycky, “Did you feel intimidated?”

“Yes, I didn't feel it was any of his business what we had in this car. I didn't do anything wrong,” he replied.

A drug sniffing dog was brought in and supposedly signaled an alert for drugs. No drugs were found, however, $100,000 in bills wrapped in plastic, were located in the trunk.

Why all those wads of cash? Turns out, Newmerzhycky’s pal Bart Davis is a professional gambler. He explained they were on their way to a casino in in Las Vegas to play poker.

In the dash cam video, the officer told the guys, “Here's the deal, we haven't found anything illegal, so you guys are not arrested.”

Good news, right? Not so fast! The troopers confiscated all the money because they claimed it was connected to illegal activity.

Bart Davis told Guerrero, “They robbed us. Highway robbery is what happened to us.”...
Mar 26
Thomas Aquinas wrote:
Dear Jeff,

As to your comment on the "One Bank", it is worth noting the insights of Christian Rokovsky (points 1-3);

thetruthserumblog.blogspot.co.uk/2010/09...an-rakovsky-and.html

It's a great disappointment that, knowing me as you do, you would consider my effort a bait and switch; it was simply an organic development of the thread. For as St Thomas identifies, all things must take reference to the first cause ie. God. Anyone who fails to do so, is working part-blind and to deny it is foolishness of the highest degree.

The reason for the hostility from Earl, is that especially in our time, though recognising His existence;

Job 36:25

"All men see him, every one beholdeth afar off."

most do not want to submit to God's authority and accountability, so they fight any who speaks of Him. And it is because of this pride, such an organisation as the "One Bank" exists, because it is a punishment to a rebellious mankind. Yet, this is nothing compared to the punishment that will be coming in the next years! Hence the wager was that you be fore-warned!


Overall, whatever mask may be put on it, it is clear that, shamefully, the person of God is not especially welcome on this site. Therefore, thanking you Jeff for all your work and exchanges, I will take my leave. Both of you gentlemen are instructed;

www.drbo.org/x/d?b=drb&bk=20&ch=21&l=14#x

verses 13-15



T/A, as I have previously made clear; BBC is a SECULAR site, although hopefully a tolerant, secular site. Also note that I wear "two hats" here on the Forum. I'm "Jeff Nielson, fellow poster", but I'm also "Jeff Nielson, moderator". In the latter role; I'm required to put aside any/all personal feelings and review materials, or disputes between posters with the greatest degree of OBJECTIVITY I can muster. Personal feelings or personal relationships cannot be allowed to cloud my thinking.

Had I passed judgment on you with respect to any "nefarious intent"; I would have simply deleted what you posted. Instead, all I did was to note concerns. Keep in mind that virtually every regular poster on the Forum has had what they posted criticized (by me) for one reason or another, so by no means have you been singled-out here.

As I have already noted; "talking about religion" (in moderate terms) is acceptable, proselytizing is not. If I allow such posting; that's favoritism: allowing a member of ONE religious faith to have a platform for preaching. Thus words/thoughts which would not draw any rebuke in our PERSONAL correspondence will attract attention/criticism if posted on this (secular) Forum.

Hopefully you can be comfortable WITHIN these constraints.
Mar 26
Thomas Aquinas stated-

Dear Jeff,

As to your comment on the "One Bank", it is worth noting the insights of Christian Rokovsky (points 1-3);

thetruthserumblog.blogspot.co.uk/2010/09...an-rakovsky-and.html

It's a great disappointment that, knowing me as you do, you would consider my effort a bait and switch; it was simply an organic development of the thread. For as St Thomas identifies, all things must take reference to the first cause ie. God. Anyone who fails to do so, is working part-blind and to deny it is foolishness of the highest degree.

The reason for the hostility from Earl, is that especially in our time, though recognising His existence;

Job 36:25
"All men see him, every one beholdeth afar off."

most do not want to submit to God's authority and accountability, so they fight any who speaks of Him. And it is because of this pride, such an organisation as the "One Bank" exists, because it is a punishment to a rebellious mankind. Yet, this is nothing compared to the punishment that will be coming in the next years! Hence the wager was that you be fore-warned!


Overall, whatever mask may be put on it, it is clear that, shamefully, the person of God is not especially welcome on this site. Therefore, thanking you Jeff for all your work and exchanges, I will take my leave. Both of you gentlemen are instructed;

www.drbo.org/x/d?b=drb&bk=20&ch=21&l=14#x

verses 13-15


Thomas Aquinas,

Funny, you left and viewership went from- Two thousand to three hundred on the BBC.

You're the worse kind, you actually believe in your employer's.

Your own concluding statement- "Both of you gentlemen are instructed;"

Nice words from a "Catholic".

Your a troll Thomas Aquinas.

JOB-"Though wickedness be sweet in his mouth, though he hide it under his tongue."

"Both of you gentlemen are instructed;"

That's a threat Thomas, not a promise. We kinda get offended bye them kinda words in my parts.

Does Jeff really piss off your employer's that much ?

Or, do you actually believe in the crime you commit ??

Enlighten me, Thomas Aquinas.

Enlighten, since we are on some hit list.

"Both of you gentlemen are instructed;"

Well Fuck....

Earl Fubar
Mar 25
Thomas Aquinas,

Personally. I've never trusted your motives from day one.

The bull shit you spew and support, has historically done nothing but cause war.

I'm going to be kind, there's other site's to save souls.

A topic title- "Idling' motorists in Westminster to face £20 fine".
Simply "bait and switch", to lead some other agenda.

Your a troll Thomas Aquinas.

The BBC is in it's final months and days. Do not distract, from a more important message. With your banter...

I'm using the patience of JOB here Thomas Aquinas.

The site is Bullion Bulls Canada, not the Vatican or the Pope or some Rothschild.

We're "Truth" seekers.

Thank You,

Earl Fubar

PS- I'm not hard to find.
Mar 24
Jeff Nielson replied to the topic Re: "Invest in Food" in the forums.
Bignoga wrote:
Jeff while I agree that more people should have a larger supply of food, the logistics make it too cumbersome for most people including myself. You attacked the problem from a purely investment, non security issue so I shall do the same.

If you are just looking to lock in guaranteed savings via inflation I would suggest looking to asset classes outside of food that are experiencing the same type of inflationary pressures. I recently picked up deodorant and while placing it beside the now nearly depleted container I noticed an extreme case of "shrinkflation" . While being in the same size container it has shrunk from 85g to 76g. Over 10% less. When you factor in it was 50c more expensive then I remember you find inflation closer to 20%. While deodorant does not have the same preservation issues that food does savings are limited by the maximum amount of value the deodorant you would be able to utilize over a lifetime. However if one is to look at everyday items that they use regularly I would imagine that people would be able to find the same savings one could hope to achieve in storing food.



Certainly, "investing" in non-food items which (as you point out) have no shelf-life issues is another option for people. Here the price increases are much more uneven. Some (non-food) consumer goods have remained relatively flat in price. That's the only way the Liars can pretend there is "no inflation" -- they (literally) only count the goods in their "basket" where prices are not rising rapidly.

However, I would suggest that you re-think your pessimism concerning "logistics" about buying/storing food. While many of us have only limited space available for storing bulky non-perishable goods (i.e. bags of rice, sacks of flour, etc.); there ARE high-value/low-bulk items to consider -- like spices.

For example; my own supermarket recently began selling spices from some discount wholesaler, and I can get an average-sized bottle of any of these spices for $1/apiece. That's less than half the price I used to pay for most spices, so (at the moment) I'm able to stock-up on spices at prices less than what I paid 10 years ago.



I have to suspect that the only way they can produce this stuff this cheaply is if it's GMO crap. But even then, our intake of spices is so minimal (in terms of quantity) that if someone is going to accept "GMO" is any part of their own food supply, spices are probably one of the least-harmful options.

Remember if you're thinking about food as an investment, then the objective is not to simply stock-up on "everything". Those people with limited space, or those single people whose total food consumption is relatively modest need to think in terms of the BARTER VALUE of what they are storing.

You may not have space to stock-up on all non-perishable food items, so devote that space to primarily low-bulk/high-value items. And then (in any hyperinflation or quasi-Armageddon scenario) you will be able to barter those low-bulk/high-value items for the bulkier goods possessed by others.

Note that over the short-term, meaning the transition from our current, paper-fraud monetary system to a real-money system; there may be a significant lag-time before our REAL money is recognized for its real value. As the paper plunges to worthlessness, and before gold/silver regain their rightful status/value; we may NEED to have barter-goods to trade.

Mar 24

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