What Is Going On In Charlotte Is Far More Important Than Brad Pitt And Angelina Jolie’s Divorce

By Michael Snyder, the Economic Collapse Blog.

brad-pitt-and-angelina-jolie-photo-by-georges-biardWhile one of America’s largest cities is being ripped in two, most Americans appear to be far more interested in the drama surrounding Brad Pitt and Angelina Jolie’s divorce.  As Charlotte braces for a third night of rioting and violence, the mainstream media is full of headlines such as “Welp, the Jolie-Pitt Divorce Got Real Depressing Real Fast” and “Even the Dalai Lama has something to say about Brangelina’s divorce“.  Yes, the “Brangelina divorce” is an important cultural moment that illustrates our ongoing moral and social decay, but what is going on in Charlotte is far more important.  Trust in our most important institutions is deeply broken, and Americans are increasingly choosing chaos and violence over peaceful discourse.  For a very long time I have been warning that these kinds of riots were coming, and the thin veneer of civilization that we all take for granted every day is starting to rapidly disappear.

There had been hope that things would settle down after the first couple of nights of chaos in Charlotte, but as I write this article protesters have already massed downtown despite a midnight curfew imposed by Mayor Jennifer Roberts…

Demonstrators chanted “release the tape” while briefly blocking an intersection near Bank of America headquarters in the heart of the city’s business district. They then continued marching as police officers watched. Members of the National Guard carrying rifles were also deployed in front of office buildings to head off another night of violence in this city on edge.

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Neil Young Slams Obama, Bayer, Says Fuck Monsanto!

Brandon Turbeville

Natural Blaze

In addition to providing a stunning performance during the 31st Farm Aid concert in Bristow, VA Neil Young stole the show at the press conference before the event began.

While Farm Aid has always been focused on saving family farmers who are in distress, decades of corporate control and monopolization of the American food supply has forced the organization to also move toward helping restart the tradition of family farming and facilitating the good food movement. Obviously, GMOs have become a major issue as a result. So when it came time for Young to speak at the press conference, the godfather of grunge didn’t hold back.

Speaking fresh on the heels of the Bayer/Monsanto merger, Young spoke about the growing concern over corporate control over the food supply and the fact that this merger is a frightening new development in the corporate war on American agriculture. He also took aim at Barack Obama who has supported, facilitated, and pushed corporate control since the day he took office.

Young stated:

We have just begun. This is a revolution. And we will look back on this one way or the other in ten or fifteen years and see what folks like this are doing. We recently have seen giant corporations that are selling for billions and billions of dollars that are joining together and we heard just a few minutes ago about how somebody was eating bad food and got sick and had to take a lot of drugs and now they are eating good food and are starting to not take so many drugs. And you have to notice that one of the biggest drug companies on the planet and one the largest pesticide providers on the planet, Monsanto and Bayer, have just joined together.

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Posted in Politics / World News | 4 Comments

Top Bank Fraud Expert: ALL of the Big Banks’ Profits Come from FRAUD

The country’s top white collar crime expert, William Black – who put over 1,000 top S&L executives in jail for fraud, and is a  professor of law and economics at the University of Missouri – confirmed recently what the alternative media has been saying for years:  the business plan of Wall Street is fraud. That’s their key profit center.

Black also says that a British parliamentary investigation Tories found that all of the retail profits of the largest banks in the UK came from fraud.

Indeed, the big banks manipulate every single market … and routinely engage in criminal acts.

Who cares?

Well, experts say that we have to prosecute fraud or else the economy won’t EVER really recover and stabilize.

But the government is doing the exact opposite. Indeed, the Justice Department has announced it will go easy on big banks, and always settles prosecutions for pennies on the dollar (a form of stealth bailout. It is also arguably one of the main causes of the double dip in housing.)

Indeed, the government doesn’t even force the banks to admit any criminal guilt as part of their settlements. In fact:

The banks have been allowed to investigate themselves,” one source familiar with the investigation told Reuters. “The investigated decide what they want to investigate, what they admit to, and how much they will pay.

Posted in Business / Economics, Politics / World News | 9 Comments

Why the Coming Wave of Defaults Will Be Devastating

In an economy based on borrowing, i.e. credit a.k.a. debt, loan defaults and deleveraging (reducing leverage and debt loads) matter. Consider this chart of total credit in the U.S. Note that the relatively tiny decline in total credit in 2008 caused by subprime mortgage defaults (a.k.a. deleveraging) very nearly collapsed not just the U.S. financial system but the entire global financial system.

Every credit boom is followed by a credit bust, as uncreditworthy borrowers and highly leveraged speculators inevitably default. Homeowners with 3% down payment mortgages default when one wage earner loses their job, companies that are sliding into bankruptcy default on their bonds, and so on. This is the normal healthy credit cycle.

Bad debt is like dead wood piling up in the forest. Eventually it starts choking off new growth, and Nature’s solution is a conflagration–a raging forest fire that turns all the dead wood into ash. The fire of defaults and deleveraging is the only way to open up new areas for future growth.

Unfortunately, central banks have attempted to outlaw the healthy credit cycle.In effect, central banks have piled up dead wood (debt that will never be paid back) to the tops of the trees, and this is one fundamental reason why global growth is stagnant.
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British Parliament Confirms Libya War Was Based On Lies … Turned Nation Into a “Shit Show” … Spread Terrorism

http://4.bp.blogspot.com/-6-x-cT42b8U/TlFEqwDTchI/AAAAAAAAKng/YIUYeB98Ypc/s1600/anthony+freda+HumanitarianBombs.jpg

Anthony Freda: www.AnthonyFreda.com.

Parliamentary Report Confirms What the Alternative Media Has Been Saying for Years

The UK Parliament just confirmed what the alternative media has been saying for years.

Specifically, a new report from the bipartisan House of Commons Foreign Affairs Committee – based on interviews with all of the key British decision-makers, review of documents, and on-the-ground investigations in Africa – found that the Libyan war was based on lies, that it destroyed the country, and that it spread terrorism far and wide.

The War Based On Bogus Intelligence … Like the Iraq War

Initially, the report finds that the threat to civilians from Libyan  government forces was dramatically overstated:

Former French Foreign Minister Alain Juppé, who introduced Resolution 1973 [imposing a no-fly zone over Libya, and laying the groundwork for overthrowing the government], asserted in his speech to the Security Council that “the situation on the ground is more alarming than ever, marked by the violent re-conquest of cities”. He stressed the urgency of the situation, arguing that “We have very little time left—perhaps only a matter of hours.” Subsequent analysis suggested that the immediate threat to civilians was being publicly overstated and that the reconquest of cities had not resulted in mass civilian casualties.

***

The proposition that Muammar Gaddafi would have ordered the massacre of civilians in Benghazi  [which was the basis for the West’s war to overthrow Gaddafi] was not supported by the available evidence. The Gaddafi regime had retaken towns from the rebels without attacking civilians in early February 2011 …. Gaddafi regime forces targeted male combatants in a civil war and did not indiscriminately attack civilians. More widely, Muammar Gaddafi’s 40-year record of appalling human rights abuses did not include large-scale attacks on Libyan civilians.
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Posted in Politics / World News | 5 Comments

War Of Words Between Russia, U.S. After Emergency UNSC Meeting – Zakharova To Power, ‘Come To Syria If You Want To See Embarrassment:’

United States of America and RussiaBrandon Turbeville
Activist Post

The American airstrikes on Syrian forces in Deir al-Zour on Saturday have produced a chain reaction throughout the diplomatic world with Russia calling an emergency meeting of the U.N. Security Council regarding the attacks and causing a war of words between Russian and American ambassadors.

After Russia responded to the U.S. bombing by calling for an urgent meeting of the UNSC, the U.S. Ambassador to the U.N. and notorious humanitarian bomber Samantha Power ranted and raved about the “embarrassment” that Russia was bringing on itself by daring to question the U.S. prerogative to bomb any and everywhere it wants.

“Why are we having this meeting tonight? It is a diversion from what is happening on the ground. If you don’t like what is happening on the ground then you distract. It is a magician’s trick… we encourage the Russian Federation to have emergency meetings with the Assad regime and deliver them to this deal,” Power said.

“What Russia is alleging tonight is that somehow the United States is undermining the fighting against ISIL. The Russian spokesperson even said that the United States might be complicit in this attack… This is not a game,” she exclaimed.

“The Syrian regime that bills itself as the fighter against ISIL let the group grow and grow. ISIL took root and prospered right next to the Assad regime,” Power said. “”The best way to fight ISIL and al-Nusra Front is to stop bombing civilians and deliver the Assad regime. Assad’s tactics have been a gift to terrorists. There is a better way forward, but Russia really needs to stop the cheap point scoring and grandstanding and focus on what matters. The implementation of something that we have negotiated in good faith with them.”
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Posted in Politics / World News | 2 Comments

Red-Light Warning on Now, About Hillary Clinton

Eric Zuesse, originally posted at strategic-culture.org

Hillary Clinton, on September 19th, was endorsed for President, by the most historically important, intelligent, and dangerous, Republican of modern times.

She was endorsed then by the person who in 1990 cunningly engineered the end of the Soviet Union and of its Warsaw Pact military alliance in such a way as to continue the West’s war against Russia so as to conquer Russia gradually for the owners of U.S. international corporations, and who kept his plan secret even from his closest advisors, until the night of 24 February 1990, when he told them that what he had previously instructed them to tell to Soviet leader Mikhail Gorbachev as the West’s future military intentions about Russia if the USSR were to end, was actually a lie, and that they were henceforth to proceed forward on the basis that the residual stump of the former Soviet Union, Russia, will instead be treated as if it still is an enemy-nation, and that the fundamental aim of the Western alliance will then remain: to conquer Russia (notwithstanding the end of the USSR, of its communism, and of its military alliances) — that the Cold War is to end only on the Russian side, not at all, really, on the Western side. (All of that is documented from the historical record, at that linked-to article.)

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