I’m telling you, I can barely keep up with all the information that is coming out daily. Again, Here are a few of the best pieces that have come out in the last day or two. Again, a HUGE thank you to the amazing people on our Research Team!!!!
Share away folks!! This is what Transparency looks like!!!!
I’ve added a bit of bold and italics to really highlight the good parts
First up- and this really was one of the best pieces this week so far:
U.S. debt jumped a record $328 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week….
…The giant jump comes because the government was replenishing its stock of “extraordinary measures” — the federal funds it borrowed from over the last five months as it tried to avoid bumping into the debt ceiling.
Under the law, that replenishing happens as soon as there is new debt space.In this case, the Treasury Department borrowed $400 billion from other funds beginning in May, awaiting a final deal from Congress and Mr. Obama.
Usually Congress sets a borrowing limit, or debt ceiling, that caps the total amount the government can be in the red.
But under the terms of this week’s deal, Congress set a deadline instead of a dollar cap.That means debt will rise by as much as the government spends between now and the Feb. 7 deadline….
Chinese agency downgrades US credit rating
“”The fundamental situation that the debt growth rate significantly outpaces that of fiscal income and gross domestic product remains unchanged,” Dagong said in the statement, adding Washington’s solvency was vulnerable as old debts were still repaid through raising new debts.
“Hence the government is still approaching the verge of default crisis, a situation that cannot be substantially alleviated in the foreseeable future,” it said.”
http://www.france24.com/en/20131017-chinese-agency-downgrades-us-credit-rating
Remember what I said on Thursday:
“The US government hasn’t paid back ANY of the money that they’ve borrowed so far and they really think that China is going to load them MORE?! At what cost? Haven’t they already sold half their banks and power stations and given vast quantities of US soil to China? SERIOUSLY!
“Here! we’d like to pay back our debt with these shiny tungsten… I mean, “gold” bars””
…. I’d say that is China telling the US to find someone else to borrow money from!!! You thought I was making it up when I said that the US hasn’t paid ANY of their debts?
P Morgan Chase, the largest U.S. bank,, has reached a tentative $13 billion deal with the Justice Department in a settlement of a wide-range of issues related to the sale of bad mortgages, according to several media reports.
The reports indicated that the deal, if finalized, would not release the bank from potential criminal liability.
http://www.usatoday.com/story/news/nation/2013/10/19/jp-morgan-justice-department-deal-settlement-13b/3052383/
$13 BILLION Dollars!?! The question that everyone should be asking next is: How much did JP Morgan rip everyone off for?! I like that they can still be held accountable under criminal liability!!!! (hmmmm, being held accountable for their banking crimes…..nice!)
…. of course this $13billion pay out might be the reason they decided to sell One Chase Manhattan Plaza:
SHANGHAI–Chinese conglomerate Fosun International Ltd. (0656.HK) will buy office building One Chase Manhattan Plaza for $725 million, adding to a growing list of property purchases by Chinese buyers in New York city.
http://www.marketwatch.com/story/chinas-fosun-to-buy-one-chase-manhattan-plaza-2013-10-17
…. and if you remember the breaking news in August, this is the same building that houses JPMorgans Gold Vaults. …… hmmmmm selling their biggest land asset that houses their gold vaults? What’s wrong JPMorgan, have you lost your gold somewhere? And wait a minute! It’s being bought by a CHINESE corporation!!! Well isn’t that just shocking!
here is the silverdoctors report on the gold vault:
http://www.silverdoctors.com/jp-morgan-is-selingl-its-gold-vault-at-1-cmp/
“Since China is the current leading accumulator of physical gold in the world, it is interesting to note that they will soon have access to a vault on Wall Street where they can quickly move gold they purchase through contract from the COMEX directly over to their new location without having to ship it directly to their vaults in Hong Kong. In fact, it also allows them to have a depository in the U.S. where they can function as a newmetals exchange that is a subsidiary of the one they opened in China just a few years ago.
It is also very interesting to realize that this purchase was recorded one day after ECBChairman Mario Draghi stated that he is in favor of central bank gold accumulation to help balance an increasingly unstable dollar (reserve currency). Draghi’s remarks come a little more than a week after the ECB opened new currency swap lines with China to allow trading of the Yuan in the Euro Zone.”
http://www.secretsofthefed.com/chinas-takeover-america-continues-purchase-jp-morgan-hq-gold-vault/
OPPS!!!! JPMorgan Chase is seriously not having a good year (giggle). But this is very TELLING- here’s some more transparency for ya!!
“JPMorgan Chase (JPM) plans to disband a group tasked with suing consumers to collect delinquent debts, according to former employees and others who were told about the change. The move comes two years after the bank ceased filing collections suits amid scrutiny of the accuracy of its records and court filings.“
http://www.americanbanker.com/issues/178_201/jpm-to-shutter-litigation-group-for-consumer-debt-collection-1062882-1.html
Apparently they get their knickers in a knot when someone asks them to produce actual PROOF of loans and wet ink signatures. Imagine that eh?
Just a few days ago we had a huge discussion in one of the skype rooms about Max Kaiser, who is now on RT.com doing his financial reports. I use to watch every one of his reports, but haven’t done so in months and months…. although I do miss his regular apoplectic fits when he starts talking about Jamie Dimon, lol. But then, tonight….. This report……. Do you get it now? THIS IS MAINSTREAM COVERAGE!!!
Would you like another pane of glass to go with that transparency?
Of course, Max is talking about the purported “New” Financial System here, which is just another crock of shit slavery system, BUT…….. I can tell you that while there are a couple of million people out there dancing because they think this means their “RV” is about to happen….. Nothing will go as “they” expect.
…. you think they’d of figured that out by now, lol!
Well that’s it for tonight. I had a whole buncha other info and links as well, but I think we’ll just stick to the “financial” stuff for this evening.
Oh wait! just one more! This was funny as all hell to read first thing this morning:
Obama hits bloggers, radio ‘talking heads’ who ‘profit from conflict’
“Demanding a change to the way business is done in Washington, President Barack Obama on Thursday urged lawmakers to ignore lobbyists, bloggers, “talking heads on radio” and “the professional activists who profit from conflict.””
http://www.politico.com/blogs/media/2013/10/obama-hits-bloggers-radio-talking-heads-who-profit-175330.html
…. I shit you not! He actually said that!!! Makes me think of an old expression….hmmmmm something about a pot and a kettle and the colour black…….
And finally, just for shits and giggles:
Air Marshal Charged With Taking Upskirt Pics of Passengers
http://www.newsy.com/videos/air-marshal-charged-with-taking-upskirt-pics-of-passengers/
really? Really? REALLY?!?
Source:
http://removingtheshackles.blogspot.com/2013/10/massive-global-financial-facepalm-but.html
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