Notable Presidential Debates Of The Last 56 Years

Posted By on September 25, 2016

Notable Presidential debates of the past …

debate

Feeling A Little Nervous … Seems Like A Lot Of Others Might Be Having The Same Or Similar Feelings Too!

Posted By on September 25, 2016

This could get contagious …

felling-nervous

Whoa, Can’t Believe The Money Spent By Hillary Clinton’s Campaign vs. Trump’s Campaign … It Defies Common Logic

Posted By on September 21, 2016

Like we’ve said, for the Clinton election campaign it’s all monopoly money!  We’d say the same about Trump if the money numbers were reversed.

 

If Hillary cancels her Orlando event today … could it be that no one wants to pay the price of admission?

And Nate Silver’s guess at Hillary’s winning odds have collapsed…

The Stated Truth Is Non-Partisan, But Certain Events May Be Changing The Lay Of The Land For The Upcoming Election …

Posted By on September 20, 2016

When it comes to raising money from small donors, Trump may have a little Bernie Sanders in him. Trump will soon set a new record for small donors by a Republican.  Not to worry though, if you’re a Democrat, Clinton will likely outspend Trump by a large margin overall.

Politico reports:

Donald Trump has unleashed an unprecedented deluge of small-dollar donations for the GOP, and one that Republican Party elders have dreamed about finding for much of the last decade as they’ve watched a succession of Democrats — Barack Obama, Bernie Sanders and, to a lesser extent, Hillary Clinton — develop formidable fundraising operations, $5, $10 and $20 at a time.

Trump has only been actively soliciting cash for a few months, but when he reveals his campaign’s financials later this week they will show he has crushed the total haul from small-dollar donors of the last two Republican nominees, John McCain and Mitt Romney — during the entirety of their campaigns.

All told, Trump is approaching, and has possibly already passed, $100 million from donors who have given less than $200, according to an analysis of available Federal Election Commission filings, the campaign’s public statements and people familiar with his fundraising operation. It is a threshold no previous Republican has ever achieved in a single campaign and Trump has done so less than three months after signing his first email solicitation for donors on June 21 — a staggering speed to collect such a vast sum.

“I’ve never seen anything like this,” said a senior Republican operative who has worked closely with the campaign’s small-dollar fundraising operation. “He’s the Republican Obama in terms of online fundraising.”

Clinton counted 2.3 million donors as of the end of August, but it was the result of decades of campaigning, a previous presidential bid and allies who painstakingly built her an email file of supporters even before she formally announced her second run.

But Trump has zoomed to 2.1 million donors in the last three months alone according to sources.

 

It’s Not Monopoly Money, But It Should Be … “Lunch with Hillary Rodham Clinton”

Posted By on September 20, 2016

“Lunch with Hillary Rodham Clinton”, is what’s wrong with our whole system of government now day’s. The money involved is coming from only the rich who will protect their own wealth interests. Does anyone out there know of an average person that would have this kind of money to just blow off on something like this?

Folk’s, this is a big, big problem.

Contribution levels are described as $100,000, which features “chair reception with Hillary,” with pay to play contribution levels starting at $33,000, which included a “host reception with Hillary,” $5,000, which included “preferred seating” and $2,700 if you’re just hanging around.

Hillary Clinton desperately needs to make an appearance, but overnight CBS reported that Clinton campaign officials said that a Tuesday fundraiser in Chapel Hill was postponed.

The Clinton event was billed as “lunch with Hillary Rodham Clinton” and had four donation levels to attend. Those contribution levels were described as $100,000, which featured “chair reception with Hillary,” $33,000, which included a “host reception with Hillary,” $5,000, which included “preferred seating” and $2,700.

No reason was given for postponement of the Clinton event.

Entitlement Vs. Investment Spending By The Government

Posted By on September 16, 2016

We’ve known this was going to be a problem for a long time…

federal-spending

Trust Of Government In The U.S. Has Never Been Worse!

Posted By on September 16, 2016

The picture tells the story…

trust

So Who Really Owns The Internet? The U.S. Says It Does!

Posted By on September 13, 2016

internet-penetration-world-map                     Internet users in 2012 as a percentage of a country’s population

Map Source: International Telecommunications Union

The internet originated in the U.S. back in the 1950’s…As we fast forward to the 1990’s we saw a revolution in web users which was triggered in September 1993 by NCSA Mosaic, a graphical browser which eventually ran on several popular office and home computers. This was the first web browser aiming to bring multimedia content to non-technical users, and therefore included images and text on the same page, unlike previous browser designs.

Mosaic was developed at the  National Center for Supercomputing Applications (NCSA) at the University of Illinois Urbana-Champaign beginning in late 1992. NCSA released the browser in 1993, and officially discontinued development and support on January 7, 1997. However, it can still be downloaded from NCSA.

Netscape Navigator was later developed by Netscape, which employed many of the original Mosaic authors; however, it intentionally shared no code with Mosaic. Netscape Navigator’s code descendant is Mozilla Firefox. Starting in 1995 Mosaic lost a lot of share to Netscape Navigator, and by 1997 only had a tiny fraction of users left, by which time the project was discontinued. Microsoft licensed the browser to create Internet Explorer in 1995.

internet_hosts_count_log-svg                                Chart Source: Internet Systems Consortium

By Dustin Volz

WASHINGTON (Reuters) – Major technology companies including Facebook, Google and Twitter are urging Congress to support a plan for the U.S. government to cede control of the internet’s technical management to the global community, they said in a joint letter dated on Tuesday.

The U.S. Commerce Department has primary oversight of the internet’s management, largely because it was invented in the United States. Some Republican lawmakers are trying to block the handover to global stakeholders, which include businesses, tech experts and public interest advocates, saying it could stifle online freedom by giving voting rights to authoritarian governments.

The years-long plan to transfer oversight of the nonprofit Internet Corporation for Assigned Names and Numbers, or ICANN, is scheduled to occur on Oct. 1 unless Congress votes to block the handover. The California-based corporation operates the database for domain names such as .com and .net and their corresponding numeric addresses that allow computers to connect.

In the Sept. 13 letter, a copy of which had been reviewed by Reuters before it was sent, the technology companies said it was “imperative” that Congress does not delay the transition.

“A global, interoperable and stable Internet is essential for our economic and national security, and we remain committed to completing the nearly twenty year transition to the multi stakeholder model that will best serve U.S. interests,” the letter said.

Other signatories include Amazon, Cloudflare, Yahoo and several technology trade organizations.

Former presidential hopeful Senator Ted Cruz of Texas, who leads the opposition against the handover, will hold a congressional hearing on Wednesday to review the transition, which he has criticized as a “giveaway of our internet freedom.”

Tech companies, technical experts and academics have said the transition is overdue and necessary to keep the Internet open and globally oriented, and that the proposal includes safeguards against any potential abuse by any one country.

(This version of the story adds dropped word in fourth paragraph)

(Reporting by Dustin Volz; Editing by Richard Chang)

 

 From Wikipedia:

The World Wide Web (sometimes abbreviated “www” or “W3”) is an information space where documents and other web resources are identified by URIs, interlinked by hypertext links, and can be accessed via the Internet using a web browser and (more recently) web-based applications. It has become known simply as “the Web”.  As of the 2010s, the World Wide Web is the primary tool billions use to interact on the Internet, and it has changed people’s lives immeasurably.

Precursors to the web browser emerged in the form of hyperlinked applications during the mid and late 1980s (the bare concept of hyperlinking had by then existed for some decades). Following these, Tim Berners-Lee is credited with inventing the World Wide Web in 1989 and developing in 1990 both the first web server, and the first web browser, called WorldWideWeb (no spaces) and later renamed Nexus. Many others were soon developed, with Marc Andreessen‘s 1993 Mosaic (later Netscape), being particularly easy to use and install, and often credited with sparking the internet boom of the 1990s. Today, the major web browsers are Firefox, Internet Explorer, Google Chrome, Opera and Safari.

A boost in web users was triggered in September 1993 by NCSA Mosaic, a graphical browser which eventually ran on several popular office and home computers. This was the first web browser aiming to bring multimedia content to non-technical users, and therefore included images and text on the same page, unlike previous browser designs; its founder, Marc Andreessen, also established the company that in 1994, released Netscape Navigator, which resulted in one of the early browser wars, when it ended up in a competition for dominance (which it lost) with Microsoft WindowsInternet Explorer. Commercial use restrictions were lifted in 1995. The online service America Online (AOL) offered their users a connection to the Internet via their own internal browser.

 

Top Metro Real Estate Markets By Metro Area

Posted By on August 30, 2016

In its latest survey, Case Shiller pointed out that “home prices continue to appreciate across the country”, at just over 5%, a pace that has held since early 2015. The chart below shows the Metro Area markets in the United States.  At the bottom we see Cleveland, Washington and, the worst performer of all, New York.

Real Estate Top 20 Cities

Sources: Case Shiller

A College Degree May Not Mean What it Used To…

Posted By on August 30, 2016

So you got a college degree…now what?

Low Wage Employment

Brace Yourself, The Shaking Is About To Begin…Magnitude 6+ Earthquakes Around The World Are Overdue, The End Result Won’t be Good!

Posted By on August 26, 2016

A Series of overdue high magnitude earthquakes are simmering along some of Earth’s major fault lines, an expert says.

Earthquake Fault Lines

UTS Geotechnical and Earthquake Engineering senior lecturer Dr Behzad Fatahi said “no one in the world is safe” from the looming natural disasters of potentially apocalyptic proportions. “There are a lot of magnitude 6-plus earthquakes overdue in the Middle East, India, China, Japan and the US,” Dr Fatahi told news.com.au.

“There are some fault lines that have not released their energy for a while. “There are at least 5-10 that are overdue, but we don’t know when they’re going to happen. “The question is not will they be activated. The question is when.” Dr Fatahi said there was a “return period” for earthquakes and those that didn’t strike within the expected time frame only came back stronger. He said an example of this was the 7.8 magnitude earthquake in Nepal that left more than 8000 people dead in April last year. “You expect a particular fault line will be activated every 100 years or 500 years,” he said.
“If the period is longer we expect higher magnitude earthquakes … looking at the history of some of those major fault lines, some are very overdue.

“The return period has passed but the earthquakes haven’t happened.
“So we are just waiting for them to happen.”

THE COLLISION COURSE

Earthquakes claim tens of thousands of lives all over the world each year.

But the places most often rocked by them are those closest to major fault lines, where different tectonic plates meet. “The crust has several pieces,” Dr Fatahi said. “The line between each of these pieces is called a ‘fault line’. “The most dangerous fault lines are those where two tectonic plates collide.”

That was the case in central Italy, when a 6.2 magnitude earthquake struck the regionon Wednesday. More than 257 people died and many more were injured. Rescue workers are racing against the clock to find people trapped under rubble, but hope is diminishing as reports of voices from under collapsed buildings drift off.

“The Eurasian Plate and African Plate both have a very big fault line where they meet somewhere under Italy … this is what caused the earthquake (on Wednesday),” Dr Fatahi said.

“Below that plate you have got magma … if the fault opens there’s a chance magma will come up.”

Tectonic plates are giant slabs of rock that make up the earth’s upper crust (lithosphere) and move, float, and sometimes fracture, causing continental drift, earthquakes, volcanoes, mountains, and oceanic trenches.

Seismic activity is most common around the edge of the Pacific Plate, which takes in New Zealand, Vanuatu, the Solomon Islands, Papua New Guinea, Japan and the Americas, and in Indonesia, where the Indo-Australian Plate collides with the Eurasian Plate.

The San Andreas fault line in California is the longest in the world. It sits between the Pacific and North American plates and measures 1300kms. The depths of these collision zones can range from 0-700km.

Some countries, including Japan, Chile, Mexico and New Zealand, lie on the ‘Ring of Fire’ — a horseshoe-shaped band of fault lines that circles the Pacific Basin and is prone to frequent earthquakes and volcanic eruptions.

“The earthquake in Japan in 2011 was above a magnitude 8 and caused a tsunami and the melting down of the nuclear power plant and so on,” Dr Fatahi said.

“If something of that scale happens it’s really devastating.”

There is an earthquake every minute, according to Dr Fatahi. But it’s mostly those stronger than a magnitude 6 that tend to cause significant destruction and loss of life. For every numberhigher, the earthquake is 30 times stronger, he said.

Peru, also on the ‘Ring of Fire’, was struck by a magnitude 7.9 earthquake on August 15, 2007. Its epicentre was on the central coast, just west of the major city of Pisco. It killed 595 people.

Earlier this month, a moderate 5.3-magnitude earthquake in Peru killed at least four people including a US tourist and left 68 injured, crushing villagers under rubble and blocking roads. The quake knocked down about 50 homes and cut off roads and power in the southern Arequipa region.

“It was tragic. They got wounded people out as best they could,” said John Rivera, a resident of Yanque, a hard-hit rural village of mud huts.

New Zealand has endured more than its fair share of earthquakes. New fault lines emerged there as recently as September 2010 when Christchurch was struck by a powerful 7.1-magnitude earthquake. The quake smashed buildings, cracked roads, twisted rail lines and ripped a new 3.5 metre wide fault line in the earth’s surface.

Italy

Italy sits on two fault lines, making it one of the most seismically active countries in Europe.

This week’s 6.2 magnitude earthquake in central Italy killed at least 247 people and injured many more. It occurred 1,937 years to the day since Mt Vesuvius erupted in 79AD and destroyed Pompeii and Herculaneum — one of the most catastrophic volcanic eruptions in European history.

The most deadly since the start of the 20th century came in 1908, when an earthquake followed by a tsunami killed an estimated 80,000 people in the southern regions of Reggio Calabria and Sicily.

More recently, a 2009, 6.3-magnitude earthquake in the Aquila region, about 90km south of the latest quake, which was felt in the Italian capital, left more than 300 dead.

That disaster led to lengthy recriminations over lax building controls and the failure of authorities to warn residents that a quake could be imminent.

Another quake hit the northern Emilia Romagna region in May 2012, when two violent shocks 10 days apart left 23 people dead and 14,000 others homeless.

Associate Professor of Earthquake Science in the School of Earth Sciences at the University of Melbourne, Mark Quigley said central Italy was experiencing “crustal extension”.

“Eastern central Italy is moving to the NE relative to Rome,” Mr Quigley said.

“As a result, this region experiences normal faulting earthquakes as the land is torn apart. The fault systems are short and structurally complex, so the earthquakes are not overly large by global standards (almost always < magnitude 6.8 to 7).

“But because the earthquakes are shallow and structurally complex, and because many of the local towns and cities contain vulnerable buildings, strong shaking from these earthquakes has the potential to inflict major damage and loss of life in urban areas.”

AUSTRALIA

While Australia is not on the edge of a plate, the continent experiences earthquakes because the Indo-Australian Plate is being pushed north and is colliding with the Eurasian, Philippine and Pacific plates, according to Geoscience Australia. This causes the build up of mainly compressive stress in the interior of the Indo-Australian Plate which is released during earthquakes.

“Australia is right in the middle of a plate and it’s not sitting on a major fault line,” Dr Fatahi said.

“Everywhere you have minor faults, which are measured in terms of being only 100m or so long. Activity that cause earthquakes happens around the sides of plate, where one plate meets the other plate. Australia is sitting in the middle of a relatively stable plate, and that’s why we don’t have huge tectonic activity.”

There are on average 80 earthquakes of magnitude 3.0 or more in Australia each year. Adelaide has the highest earthquake hazard of any Australian capital. It has experienced more medium-sized earthquakes in the past 50 years than any capital because South Australia is being slowly squeezed in an east-west direction by about 0.1mm/yr, according to Geoscience Australia.

Australia’s largest recorded earthquake was in 1988 at Tennant Creek in the Northern Territory with an estimated magnitude of 6.6, but it occurred in a sparsely populated area. A magnitude 6.5 earthquake at Meckering in 1968 caused extensive damage to buildings and was felt over most of southern Western Australia. Earthquakes of magnitude 4.0 or more are relatively common in Western Australia with one occurring about every five years in the Meckering region. The deadliest earthquake recorded in Australia was in Newcastle in 1989. The 5.6 magnitude quake killed 13 people and injured many more. It was one of the country’s worst disasters.

PREDICTING WHEN AND WHERE MAJOR QUAKES WILL STRIKE

Dr Fatahi said it was impossible to accurately predict the exact timing, place or scale of an earthquake.

“Usually with earthquakes you can only measure them around one minute before they happen, as the activity happens kilometres below ground,” he said.

Sources: megan.palin@news.com.au

Have You Ever Wondered What Are The Most Popular Surnames In You State?

Posted By on August 11, 2016

Well here you are…the most popular surnames by state.  Click to enlarge map.

 

Sources: ancestry.com

Mobil Digital Media Continues To Grow Rapidly

Posted By on August 9, 2016

It’s not you fathers digital world!

 

Internet Usage

Minimum Wage Rates By State, California’s New Wage Rate Hike Puts It Ahead Of Everyone By Miles

Posted By on August 6, 2016

Here is a map of minimum wage by state.  Note that this doesn’t reflect California’s recent minimum wage hike to $15 which will be phased in over the next 5 years. 

Min Wage

Sources: www.taxfoundation.com

 

 

Income Tax Rates State By State, California Wins The Award For Top Tax Rate

Posted By on August 6, 2016

California wins in a landslide…California-based Spectrum Location Solutions, found that roughly 9,000 California companies moved their headquarters or diverted projects to out-of-state locations in the last seven years.

Here are some highlights of the study:

  • Texas ranked as the top state to which businesses migrated, followed by: (2) Nevada, (3) Arizona, (4) Colorado, (5) Washington, (6) Oregon, (7) North Carolina, (8) Florida, (9) Georgia and (10) Virginia. Texas was the top destination for California companies each year during the seven-year study period.
  • Los Angeles led the Top 15 California counties with the highest number of disinvestment events, followed by: (2) Orange, (3) Santa Clara, (4) San Francisco, (5) San Diego, (6) Alameda, (7) San Mateo, (8) Ventura, (9) Sacramento, (10) Riverside, (11) San Bernardino, (12) Contra Costa tied with Santa Barbara, (13) San Joaquin, (14) Stanislaus and (15) Sonoma.

Taxes by State

Sources: www.taxfoundation.com

 

The Civil War Pictures … Then and Now

Posted By on March 18, 2016

This is the most interesting thing we have seen in a long time. Click on the blue link below, and watch photo fade outs from the civil war, showing the same locations as they looked back in 1865 to how they look now. Really worth the time to watch.

http://www.theguardian.com/artanddesign/ng-interactive/2015/jun/22/american-civil-war-photography-interactive

Social Security History Lesson

Posted By on March 18, 2016

A History Lesson About Your  Social Security Card

Social Security Cards up until the 1980s expressly stated
the number and card were not to be used for identification
purposes. Since nearly everyone in the United States now
has a number, it became convenient to use it anyway
and the message, NOT FOR IDENTIFICATION, was removed.

Franklin Roosevelt,  introduced the Social
Security (FICA) Program. He promised:

1.) That participation in the Program would be
Completely voluntary,


It’s No longer Voluntary


2.) That the participants would only have to pay
1% of the first $1,400 of their annual
Incomes into the Program
,


Now 7.65%
on the first $90,000

3.) That the money the participants elected to put
into the Program would be deductible from
their income for tax purposes each year,
 


It’s no longer tax deductible


4.) That the money the participants put into the
independent ‘Trust Fund’
rather than into the
general operating fund, and therefore, would
only be used to fund the Social Security
Retirement Program, and no other
Government program, and,


Under Johnson the money was moved to
The General Fund and Spent


5.) That the annuity payments to the retirees would never

be taxed as income.

Under Clinton & Gore
Up to 85% of your Social Security can be Taxed


The World Of Drones Are Changing

Posted By on March 6, 2016

It’s great when we have this technology, but what happens when everyone else ends up with it?  Maybe not so great then…huh

 

From Boeing:

 

This all new unmanned drone has incredible capability.

It currently can stay aloft for 4 days but soon will soon stay up

10 days. While designed as a surveillance platform, it carries

a 5 ton payload that includes   Hellfire missiles. Flying at 65,000

feet – the very edge of space, it is just about out of range of

antiaircraft missiles.   Propellers are driven by Ford Ranger 4

cylinder engines fueled by hydrogen.

 

Boeing’s New Spy Plane  General Characteristics:

Wingspan :   150 ft. (46 m)
Takeoff gross weigh 9,800 lbs. (4,445 kg)
Cruise speed :150 knots.
Maximum speed :200 knots.
Altitude :65,000 ft.
Engines :   (2) 2.3L 150 horsepower
Endurance : 4 days at 65,000 ft.
 
In summary, the wingspan is equal to the width of a good size
building lot. It’s relatively light (at 5 ton), slow, flies at twice the
altitude of commercial transport. It’s powered by 2 truck engines
and stays aloft for 4 days.

Click below to view the Boeing video.

http://video.boeing.com/services/player/bcpid1173939806001?bckey=AQ~~%2cAAAAukPAlqE~%2coAVq1qtdRjwBrIkHYj2MSytJiEK9s5fy&bctid=1331877361001

The Warren Buffett Rule

Posted By on January 25, 2016

The BUFFETT Rule!  Would any sane person argue with this??

 

Warren Buffet is asking each addressee to forward this email to a minimum of twenty people on their address list; in turn ask each of those to do likewise. In three days, most people in The United States of America will have the message.

 

The BUFFETT Rule

 

Salary of retired US Presidents
$180,000
 FOR LIFE The President Deserves It
Salary of House/Senate members
$174,000
 FOR LIFE This is stupid
Salary of Speaker of the House
$223,500
 FOR LIFE This is really stupid
Salary of Majority/Minority Leaders
$193,400
 FOR LIFE This is really stupid
Average Salary of a teacher
$40,065
  Not Enough
Average Salary of a deployed Soldier
$38,000
  Really Not Enough

 

Warren Buffet, in a recent interview offers one of the best quotes about the debt ceiling:

 

“I could end the deficit in five minutes,” he told CNBC. “You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election”.

                                    
Congressional Reform Act of 2016
 
1. No Tenure / No Pension. A Congressman/woman collects a salary while in office and receives no pay when they’re out of office.
 
2. Congress (past, present, & future) participates in Social Security. All funds in the Congressional retirement fund move to the Social Security system immediately. All future funds flow into the Social Security system, and Congress participates with the American people. It may not be used for any other purpose.
 
3. Congress can purchase their own retirement plan, just as all Americans do.
 
4. Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%.
 
5. Congress loses their current health care system and participates in the same health care system as the American people.
 
6. Congress must equally abide by all laws they impose on the American people.
 
7. All contracts with past and present Congressmen/women are void effective 12/1/15. The American people did not make this contract with Congressmen/women. Congress made all these contracts for themselves. Serving in Congress is an honor, not a career. The Founding Fathers envisioned citizen legislators, so ours should serve their term(s), then go home and go back to work.
 

THIS IS HOW YOU FIX CONGRESS!

Rich Man, Poor Man … It’s A Bad Wind Blowing

Posted By on January 17, 2016

Just 62 people now own the same wealth as half the world’s population.

 

In 2011 388 people had the same wealth as the poorest half of humanity. In 2011 this fell to 177. The number has continued to fall each year to 80 in 2014 and 62 in 2015.

 

Infographic-Global-Wealth-2010-15.jpg

Sources: Oxfam

The Rankings Of The Most Inovative States In The U.S. Show Massachusetts #1, And California A Super Close #2

Posted By on January 7, 2016

Boston area’s Route 128 wins out over Silicon Valley, as Bloomberg’s ranking of the most innovative state in the U.S..

Massachusetts is the most innovative state, with California scoring a close second and Washington, New Jersey and Connecticut rounding out the top five states,

 

Sources: Bloomberg

Caltech Puts Out New Probabilities Of A Major Earthquake In California

Posted By on January 6, 2016

California has been shaking lately with a 4.5 magnitude earthquake today in Banning, Southern California. Caltech says the probability of a major earthquake in California has now increased dramatically.

This Is “The Stated Truth’s” 2,465’th Post Since 2009…Thanks For Dropping By

Posted By on January 6, 2016

Libya Makes A Call For Help… But Nobody Comes

Source: IngerLetter.com

A Gallup Poll Explains Trump: “A Staggering 75% Of Americans Believe There Is Widespread Government Corruption”

Posted By on January 6, 2016

This sums things up very nicely, the world has changed and Donald Trump is the only one brazen enough to talk about pushback against institutional political and economic power. A vote for Trump is not “a vote for Trump”, it is a vote against the broken, corrupt, crony-capitalist model that is now in place in so many areas of the world.

 

Back in July, when the HuffPo was covering Donald Trump’s campaign in its “Entertainment Section” (they are not laughing now), and when not a single political pundit thought Trump had any chance of winning the GOP primary (now most of them do), we said that “Donald Trump’s Soaring Popularity “Is The Country’s Collective Middle Finger To Washington.”

Here is what was said:

Donald Trump’s ascendance as the early GOP front-runner is symbolic of a greater global trend: growing pushback against institutional political and economic power.

To many centrist politicians and mainstream political observers, Donald Trump is a boastful, insensitive egomaniac spouting populist rhetoric. Whether such a characterization is true is not worthy of debate, which may explain why the rantings of enraged career political pundits have no impact on Mr. Trump’s popularity among Republican voters in Iowa, New Hampshire, and across America. It seems no amount of ink or air time spent tarring and feathering Trump’s reputation sticks; in fact it seems to help Teflon Don in the polls, where he leads a crowded field of career politicians.

Donald Trump is a threat not only to the nattering nabobs in the press corps and the Republican Party. His day in the sun may be symbolic of a broader dynamic: the declining power held by historically powerful institutions. Ask yourself if Trump’s campaign is making a mockery of the political process or exposing the mockery that the political process has become. A not-insignificant percentage of Americans away from the coasts, are looking past his utter lack of decorum and political savvy to hitch their wagons to his outrage.

Six months later, virtually everyone recognizes and admits that this is the case: a vote for Trump is not “a vote for Trump”, it is a vote against the broken, corrupt, crony-capitalist model.

Which explains why increasingly more are terrified he just may win.

But what explains America’s revulsion with the existing system? The answer comes from the latest Gallup article: “Explaining Trump: Widespread Government Corruption” in which it finds that once the silent majority of the population can identify the object of their distrust and anger – in this case Congress and the political status quo – and once they can subsequently identify an object that represents its opposite, the latter object’s distance to the Oval Office becomes considerably shorter.

From Gallup:

Explaining Trump: Widespread Government Corruption

It’s been fashionable to make jokes about Congress’ historically low approval ratings, unbelievable incompetence in the government and now, unfortunately, the perception of widespread government corruption. Pundits and talk-radio hosts have a field day with this. So do late-night comics.

It’s not funny anymore.

A staggering 75% of the American public believe corruption is “widespread” in the U.S. government. Not incompetence, but corruption. This alarming figure has held steady since 2010, up from 66% in 2009.

This sense of corruption probably contributes to much of the extreme anxiety and unrest we see today – including protests, lower voter turnout and increased interest in guns.

Guns — a symbol of freedom from government tyranny to many people — are now a key voting issue. A quarter of U.S. voters say the presidential candidate they vote for must share their view on guns.

Protests are growing in cities and campuses all around the country. Students and citizens generally have lost faith in their national institutions — the biggest and most powerful of which is, of course, the federal government.

The last presidential election had an estimated 5 million fewer voters than turned out in 2008, and the 2014 midterm elections saw the lowest turnout in 72 years (36.3%). At alarming levels, citizens — when invited to participate directly in their own democracy — are taking a pass and staying home. Or taking their frustrations to the streets.

The perception that there’s widespread corruption in the national government could be a symptom of citizen disengagement and anger. Or it could be a cause — we don’t know. But it’s very possible this is a big, dark cloud that hangs over this country’s progress. And it might be fueling the rise of an unlikely, non-traditional leading Republican candidate for the presidency, Donald Trump.

To make matters worse, that dark cloud appears to be hanging over the growth of small business, which is where virtually all new GDP growth and good jobs originate. Simply put, startups and shootups (small businesses that grow larger) have been in a death spiral. The U.S. Census Bureau reported that the total number of business startups and business closures per year crossed for the first time in 2008.

And the economy isn’t growing nearly fast enough — it’s been running at an average rate of 2% since the 2008 financial collapse and the Great Recession. Just to compare, following the recession of 1981-1982, GDP grew for six years at 4.5% — one of our greatest economic eras in history.

Jobs haven’t come back. According to the U.S. Bureau of Labor Statistics, the percentage of the total adult population that has a full-time job has been hovering around 48% since 2010 — the lowest full-time employment level since 1983. This is why the middle class has been dangerously shrinking.

You don’t have to connect too many dots to conclude that if a government has an alarmingly high appearance of widespread corruption — and that same government creates regulations that businesses cite as a leading barrier to growth — then entrepreneurs might be reluctant to stick their necks out to start a business. Or to boom the businesses they already have.

Why would they start or boom a business if they think a corrupt government is creating rules and regulations that don’t serve their interests — but rather rules that serve the interests of corrupt officials, corrupt politicians, corrupt insiders and corrupt special interest groups?

Any wonder why so many Americans want a candidate who’s outside of that system?

Source: ZeroHedge.com

So What Really Happened Over Turkey … Read It Here First!

Posted By on November 26, 2015

So, here we present an interesting take on the Turkey-Russia fighter incident and it makes total sense. It seems probable that there is far more than meets the eye here, and it looks to be full of international intrigue

 

Guest Column From George Abert, Formerly Of Air Force Intelligence

Why did Turkey shoot down a Russian Air Force jet?

Turkey is so militarily inferior to Russia that it is unlikely Turkey would commit an act of war against Russia without encouragement from Washington. We might think that Turkey would feel shielded by NATO, but it is doubtful that many European members of NATO would risk nuclear annihilation by going to war with Russia in order to save Turkey from the consequences of such a reckless and irresponsible act as shooting down a Russian military aircraft and lying about it. Turkey has issued no apology and no believable explanation. Unless Erdogan has lost his mind, Washington is behind the shoot-down, and the reason is Washington’s desperation to decode the new Russian technology that gives Russian forces total control over a battlefield, whether on land, sea, or air.

When the Russians deployed their forces to Syria they also deployed some new stealth technology. So far as I know they’ve only used this technology in Syria twice, once during their first sortie and one other time when some Israeli Air Force jets entered what they knew was Russian operational airspace.

As noted, the first use of this stealth technology was during the first Russian sortie. In accordance with protocols agreed to beforehand with Israel and the US, the Russians informed the US of their intent to launch a sortie. They did so an hour prior to the launch. When they did they also employed a new stealth technology. The technology effectively blinded both the US and Israel. None of the radars worked and most, if not all, satellite coverage was lost or compromised as well. But there’s more.

About a week after Putin’s UN General Assembly address the Israelis launched a sortie into Syria which flew into airspace that was under Russian operational control. Russian air controllers warned the Israelis that they had violated Russian controlled airspace. When the Israelis ignored the Russian air controllers, the stealth technology was employed a second time. The Israeli aircraft are equipped with two radars, one for fire acquisition and the other for fire control. Both are advanced and employ frequency-skipping technology to avoid being jammed. Both radars were effectively jammed. These aircraft have multiple telemetry data-links to their base. These were shut down. The only communications channel left was the high-frequency AM band normally used by civilian air traffic controllers. After the stealth technology was turned on and it was clear to the Russians that the Israelis knew they had been shut down, the Russian air traffic controllers used this AM band to tell the Israelis to scram. The Israelis complied.

Whatever this technology is, it’s a game changer and I’m certain that breaking this technology has been given an extremely high priority.

So why did Turkey shoot down the Russian jet?

I suspect somebody wants the Russians to start using this stealth technology more often, often enough for its weaknesses to be exposed. Shooting down that Russian jet might just get the Russians motivated to do that.

If I’m correct I bet every Raven and ELINT specialist in the business has been deployed to that theater of operations to hack this one! One can only imagine how many resources are being amassed.

 

Source: PaulCraigRobertsBlog

A Broken Society – The American Middle Class Has Disappeared Into The Sunset

Posted By on October 21, 2015

Credit Suisse estimates that there are now 25% of Americans that are in the situation of having a negative net-worth.

And…the Social Security Administration just released some stunning facts. The following are some of the numbers that really stood out!

-38 percent of all American workers made less than $20,000 last year.

-51 percent of all American workers made less than $30,000 last year.

-62 percent of all American workers made less than $40,000 last year.

-71 percent of all American workers made less than $50,000 last year.

That first number is truly staggering. The federal poverty level for a family of five is $28,410, and yet almost 40 percent of all American workers do not even bring in $20,000 a year.

If you worked a full-time job at $10 an hour all year long with two weeks off, you would make approximately $20,000. This should tell you something about the quality of the jobs that our economy is producing at this point.

There are 7.9 million working age Americans that are “officially unemployed” right now and another 94.7 million working age Americans that are considered to be “not in the labor force”.  When you add those two numbers together, you get a grand total of 102.6 million working age Americans that do not have a job right now.

Sources: Social Security Administration, Michael Snyder |End Of The American Dream

Global Aging Will Change The Future Of World Economies

Posted By on October 19, 2015

Global aging is here…and it will change the world as we know it!

Global Aging

It’s Time Not To Get Married!

Posted By on October 18, 2015

It seems that the marriage problem isn’t just a Japanese thing. There’s more to it than that. We live in an independent world where everybody wants to do their own thing. And they do!

Marriage

Sources: US Census Bureau, ArmstrongEconomics.com

2015 Was The Hottest Year Ever

Posted By on September 17, 2015

Last month was the hottest August on record, topping out the hottest summer on record, according to data released today by the National Oceanic and Atmospheric Administration. It was the sixth month this year to set a new record: February, March, May, June, July, and August. This has been the hottest start to a year on record and the hottest 12 months on record. It follows the hottest calendar year (2014), and the hottest decade.

 

In 136 years of global temperature data, we are in uncharted territory. And this year’s extremes are likely to continue as a strong El Niño weather pattern in the Pacific Ocean continues to rip more heat into the atmosphere.

Results from the world’s top monitoring agencies vary slightly. NOAA and the Japan Meteorological Agency both had August as the hottest month. NASA had it as one degree cooler than the previous record, set last year. All three agencies agree that 2015 is on track to be the hottest yet, by a long shot.

The heat was experienced differently across the world, but few places escaped it altogether. The map below shows a few purple spots of cooler-than-average temperatures—notably the U.S. Midwest—and plenty of record-breaking red. The massive stretch of crimson in the Pacific Ocean is the footprint of El Niño.

NOAA
Sources: NOAA ,Bloomberg,

The Evolution Of Energy In The U.S.

Posted By on August 29, 2015

Who’s the odd man out here? An Educated guess might surmise it’s coal!

 

Source: Visual Capitalist

The early settlers to North America relied on organic materials on the surface of land for the vast majority of their energy needs. Wood, brush, and other biomass fuels were burned to warm homes, and eventually to power steam engines. Small amounts of coal were found in riverbeds and other such outcrops, but only local homes in the vicinity of these deposits were able to take advantage of it for household warmth.

During the Industrial Revolution, it was the invention of the first coal-powered, commercially practical locomotives that turned the tide. Although wood would still be used in the majority of locomotives until 1870, the transition to fossil fuels had begun.

Coke, a product of heating certain types of coal, replaced wood charcoal as the fuel for iron blast furnaces in 1875. Thomas Edison built the first practical coal-fired electric generating station in 1882, which supplied electricity to some residents in New York City. It was just after this time in the 1910s that the United States would be the largest coal producer in the world with 750,000 miners and blasting 550 million tons of coal a year.

The invention of the internal combustion engine and the development of new electrical technologies, including those developed by people like Thomas Edison and Nikola Tesla, were the first steps towards today’s modern power landscape. Fuels such as petroleum and natural gas became very useful, and the first mass-scale hydroelectric stations were built such as Hoover Dam, which opened in 1936.

The discovery and advancement of nuclear technology led to the first nuclear submarine in 1954, and the first commercial nuclear power plant in the United States in Pennsylvania in 1957. In a relatively short period of time, nuclear would have a profound effect on energy supply, and it today 99 nuclear reactors account for 20% of all electricity generated in the United States.

In more recent decades, scientists found that the current energy mix is not ideal from an environmental perspective. Advancements in renewable energy solutions such as solar, wind, and geothermal were made, helping set up a potential energy revolution. Battery technology, a key challenge for many years, has began to catch up to allow us to store larger amounts of energy when the sun isn’t shining or the wind isn’t blowing. Companies like Tesla are spending billions of dollars on battery megafactories that will have a great impact on our energy use.

Today, the United States gets the majority of its energy from fossil fuels, though that percentage is slowly decreasing. While oil is still the primary fuel of choice for transportation, it now only generates 1% of the country’s electricity through power plants. Natural gas has also taken on a bigger role over time, because it is perceived as being cleaner than oil and coal.

In 2015, wind and solar power have generated 5% and 1% of total electricity respectively. Hydro generates 7%.

Source: Visual Capitalist

Price Of Farmland Suffers First Decline Since 1986

Posted By on August 22, 2015

Farmers are are now feeling a liquidity squeeze. First commodity prices plunge, now the longer term problem becomes the asset backing their business begins its reversal. It looks like the early stages of a farmland asset correction, or worse….

Farmland Prices

Some Food For Thought From ‘Jessi’e’s Cafe Americain’

Posted By on August 15, 2015

So, the real question is….where are we now?

 

Jessies Cafe

 

Sources: Jesse’s Cafe Americain, Oak Tree Asset Management.com

Auto Hacking Vulnerabilities In A Wireless Transponder World

Posted By on August 15, 2015

It’s a new world out there for hackers, and luxury cars are now in vogue. There’s no quick fix for the problem – the RFID chips in the keys and transponders inside the cars have become easy targets by hackers.

 

“Keyless” car theft, which sees hackers target vulnerabilities in electronic locks and immobilizers, now accounts for 42 percent of stolen vehicles in London. BMWs and Range Rovers are particularly at-risk, police say, and can be in the hands of a technically minded criminal within 60 seconds.

 

This week the paper – by Roel Verdult and Baris Ege from Radboud University in the Netherlands and Flavio Garcia from the University of Birmingham, U.K. – is being presented at the USENIX security conference in Washington, D.C. The authors detail how the cryptography and authentication protocol used in the Megamos Crypto transponder can be targeted by malicious hackers looking to steal luxury vehicles.

 

The Megamos is one of the most common immobilizer transponders, used in Volkswagen-owned luxury brands including Audi, Porsche, Bentley and Lamborghini, as well as Fiats, Hondas, Volvos and some Maserati models.

 

But the Megamos Crypto is not the only immobilizer to have been targeted in this way – other popular products including the DST transponder and KeeLoq have both been reverse-engineered and attacked by security researchers.

 

Below is a list of some of the models that may be vulnerable to hacking.

Car Security

“This is a serious flaw and it’s not very easy to quickly correct,” explained Tim Watson, Director of Cyber Security at the University of Warwick. “It isn’t a theoretical weakness, it’s an actual one and it doesn’t cost theoretical dollars to fix, it costs actual dollars.”

 

Immobilizers are electronic security devices that stop a car’s engine from running unless the correct key fob (containing the RFID chip) is in close proximity to the car. They are supposed to prevent traditional theft techniques like hot-wiring, but can be bypassed, for example by amplifying the signal.

 

In this case, however, researchers broke the transponder’s 96-bit cryptographic system, by listening in twice to the radio communication between the key and the transponder. This reduced the pool of potential secret key matches, and opened up the “brute force” option: running through 196,607 options of secret keys until they found the one that could start the car.

 

It took less than half an hour.

 

Sources: Bloomberg

So Just Who Owns The Arctic Circle? Russia Says It Does!

Posted By on August 10, 2015

Russia is resubmitting its claim of more than 460,000 square miles of the Arctic, including the North Pole, as its sovereign territory, saying it has enough evidence to convince the United Nations that its claim is valid.

 

The Arctic, which is believed to contain as much as one-quarter of Earth’s undiscovered oil and gas, is part of a territorial dispute involving not only Russia but also Canada, Denmark, Norway and the United States.

 

This is the second time Moscow has submitted a claim in the Arctic. The U.N. rejected its effort in 2002, saying the Russian government hadn’t provided enough evidence that it had a right to the territory.

 

Arctic Ocean

But in its claim filed on Aug. 3, the Russian Foreign ministry said, “To justify Russia’s rights in this area, ample scientific data collected during many years of Arctic research has been used.”

The statement evidently was referring to exploratory missions and development of Arctic research facilities and floating ice stations dating back to the 1930s. In fact, around that time Soviet leader Josef Stalin’s Kremlin claimed a large section of the Arctic Ocean.

No one took that claim very seriously, given its forbidding climate. But as the polar ice cap melts, the region is becoming increasingly attractive to countries and companies in search of new sources of energy and other natural resources, including gems and precious metals.

Additional evidence in the resubmitted claim includes data gathered by the explorer Artur Chilingarov, who sailed a miniature submarine to the floor of the Arctic Sea at the North Pole, scooped up a soil sample there and even planted a Russian flag made of titanium, the corrosion-resistant metal.

Under the 1982 U.N. Convention on the Law of the Sea, a nation may claim an “exclusive economic zone” reaching 200 nautical miles from its recognized maritime borders. If the continental shelf in that area extends beyond that point, the country then may claim sovereignty stretching as much as 350 nautical miles from its coastal border.

In the Foreign Ministry statement, Russia argues that the 350-mile limit doesn’t apply to its claim because the seabed and the natural resources to be found beneath it are “natural components of the continent,” no matter how far they are from the coast.

The Foreign Ministry said it hopes the U.N. can begin considering its claim this autumn during a meeting of the U.N. Commission on the Limits of the Continental Shelf. That won’t be possible this year, according to Farhqan Haq, a U.N. spokesman, because the panel won’t meet until early 2016.

Sources: Andy Tully, OilPrice.com, ZeroHedge

You Got Mail – The Only Problem Is, Somebody Else Might ‘ve Got Your Mail Too!

Posted By on August 10, 2015

Microsoft’s newest program,  Windows 10, wants you to be friendly with your email neighbors. So, why not say hello? Or then again, maybe not. So did you remember to opt out! Hmm….you better check, it’s better to be safe than sorry!

 

Microsoft has just introduced a Windows 10 feature called Wi-Fi Sense. This nasty feature has serious legal implications for it will automatically connect your personal Wi-Fi network to anyone in your e-mail list using HotMail, Skype, or Outlook, and even Facebook, making those friends questionable. If any such person comes within range of your home Wi-Fi, they could secretly access your system from hundreds of yards away.

 

The real problem with this is rather sinister. The government would no longer need a search warrant for your surrendered privacy.

 

Windows 10 supposedly allows you to opt-out as this setting is the default. But unfortunately the vast majority of people do not understand computers and they will be surrendering all rights to Microsoft without understanding what they have done. Make sure you read the terms!

 

Sources: Armstrong Economics

Why An Electromagnetic Pulse Event Could Take Down The World As We Know It!

Posted By on November 21, 2014

Earlier today we posted a report about how the world has turned into the wild wild west in cyber warfare. Admiral Michael Rogers, who also serves the dual role as head of U.S. Cyber Command, said the United States has detected malware from China and elsewhere on U.S. computers systems. “It enables you to shut down very segmented, very tailored parts of our infrastructure that forestall the ability to provide that service to us as citizens,” Rogers was quoted in testimony before the House Intelligence Committee.

 

Back in July billionaire hedge fund manger Paul Singer put out this forecast relating to a natural EMP event taking down the electric grid, basically it’s the same piece of cake as above,  just with different frosting. This is a dozer of a story!

 

We’ll tell you right now this is one scary forecast, mainly because so few have talked about it.  Billionaire hedge fund manager Paul Singer has issued an unusual warning for investors, calling the threat of a widespread blackout from an electromagnetic pulse the “most significant danger” in the world today. Paul Singer: “This threat is ‘head-and-shoulders’ above all others.”

 

“(A natural EMP event) today would cause a massive disruption to the electric grid, possibly shutting it down entirely for months or longer, with unimaginable consequences,” Singer wrote. “Only two years ago, the sun let loose with a Carrington-magnitude burst, but the position of the earth at the time prevented the burst from hitting it. The chances of additional events of such magnitude may be far greater than most people think.”

Called an “electromagnetic pulse” or EMP, the events can occur naturally from solar storms or artificially from a high-altitude explosion of nuclear weapons.

“While these pages are typically chock full of scary or depressing scenarios, there is one risk that is head-and-shoulders above all the rest in terms of the scope of potential damage adjusted for the likelihood of occurrence,” Singer wrote about this to clients of his $24.8 billion Elliott Management recently in a standard investment update letter. “Even horrendous nuclear war, except in its most extreme form, can [be] a relatively localized issue, and the threat from asteroids can (possibly) be mitigated”

“The consequences of such an attack could be catastrophic; all electronics, power systems, and information systems could be shut down,” Rep. Scott Perry said in prepared remarks during an EMP hearing in May held by the U.S. House Committee on Homeland Security. “This could then cascade into interdependent infrastructures such as water, gas, and telecommunications. While we understand this is an extreme case, we must always be prepared in case a rogue state decides to utilize this technology.”

Sources: CNBC, www.WiseDogResearch.com, The Stated Truth

Can China Or Rogue Pirates Working For the Highest Bidder Take Down The U.S. Electric Grid, The U.S. Government Thinks So!

Posted By on November 21, 2014

We have talked about this before, the world has turned into the wild wild west in cyber warfare. Admiral Michael Rogers, who also serves the dual role as head of U.S. Cyber Command, said the United States has detected malware from China and elsewhere on U.S. computers systems. “It enables you to shut down very segmented, very tailored parts of our infrastructure that forestall the ability to provide that service to us as citizens,” Rogers was quoted in testimony before the House Intelligence Committee.

One would think the United States has its own bunch of ultra smart genius pirate hackers working on returning the favor to countries involved….(or the U.S. becomes the highest bidder for the the same group of pirates used by China and turns the tables on them).  Hmm, This could get interesting!

From CNN News:

Washington (CNN) — China and “probably one or two other” countries have the capacity to shut down the nation’s power grid and other critical infrastructure through a cyber attack, the head of the National Security Agency told a Congressional panel Thursday.

Admiral Michael Rogers, who also serves the dual role as head of U.S. Cyber Command, said the United States has detected malware from China and elsewhere on U.S. computers systems that affect the daily lives of every American.

“It enables you to shut down very segmented, very tailored parts of our infrastructure that forestall the ability to provide that service to us as citizens,” Rogers said in testimony before the House Intelligence Committee.

Rogers said such attacks are part of the “coming trends” he sees based on “reconnaissance” currently taking place that nation-states, or other actors may use to exploit vulnerabilities in U.S. cyber systems.

A recent report by Mandiant, a cyber-security firm, found that hackers working on behalf of the Chinese government were able to penetrate American public utility systems that service everything from power generation, to the movement of water and fuel across the country.

Sources: CNN News, Wise Dog Research

House Speaker Boehner Explains The Republicans’ Agenda

Posted By on November 6, 2014

It’s about time to turn back the clock, and no we don’t mean off daylight savings…..tic, toc…tic, toc. What  the Democrat’s now have to look forward to is a high stakes chess match….hint, the President looks to be overmatched here! In fact if President Obama plays his cards wrong, the Democratic party may well be on the way destroying itself. As everyone may remember, not so long ago it was the Republican’s in that same boat!

 

The Republican Agenda

Our priorities in the 114th Congress will be your priorities. That means addressing head-on many of the most pressing challenges facing the country, including:

  • The insanely complex tax code that is driving American jobs overseas;
  • Health costs that continue to rise under a hopelessly flawed law that Americans have never supported;
  • A savage global terrorist threat that seeks to wage war on every American;
  • An education system that denies choice to parents and denies a good education to too many children;
  • Excessive regulations and frivolous lawsuits that are driving up costs for families and preventing the economy from growing;
  • An antiquated government bureaucracy ill-equipped to serve a citizenry facing 21st-century challenges, from disease control to caring for veterans;
  • A national debt that has Americans stealing from their children and grandchildren, robbing them of benefits that they will never see and leaving them with burdens that will be nearly impossible to repay.

January will bring the opportunity to begin anew. Republicans will return the focus to the issues at the top of your priority list. Your concerns will be our concerns. That’s our pledge.

Sources: Wise Dog Research

They’re Called The Princes Of “Rolling Jubilee” (You’ll See Why)….. So Just Who Are These Guys And What Do They Do?

Posted By on November 1, 2014

Rolling Jubilee… some say it’s about good vs. evil. But in reality it’s all about money and trying to fix the sales pitch from government and schools directly aimed at students which aggressively encourages student loans, and in the end it’s about fixing the pain of life long encumbrances caused by that sales pitch. The totality of college debt is now almost 4 1/2 times larger then it was back in 2004. It settles in at  over 1.2 trillion dollars, and believe it or not it’s still climbing! The sad facts are that even bankruptcy won’t discharge it, this debt stays with you for life…. or until it’s paid!

 

What we’ve got here are “bad seats, hey buddy…front row behind a pole, and you better watch out…don’t sit on a nail”! The real problem is that students were told these were good seats and they believed it. Somehow though, when given a sales pitch things often don’t work out for anybody except the salesman. And the colleges have great salesman with very convincing sales pitches… don’t ever forget that.

 

But maybe we finally have a wake up call. Earlier in the week Federal Reserve chief Janet Yellen warned “the quadrupling of the student loan debt since 2004 represented a barrier to social mobility”. Hello…..Earth to Mars, anybody out there!

 

The ABS security discussed below by Rolling Jubilee bought student debt at an average of 2.6 to 3.8 cents on the dollar based on the numbers presented in this article, then forgave the debt. That tells you just how noncollectable the money is!

 

Rolling Jubilee

The BBC reports, U.S. activist group ‘Rolling Jubilee’ wants to “liberate debtors” by buying student-debt-bundled ABS on the secondary market (where they trade at significant discounts) and writing off the underlying loans. As Rolling Jubilee notes, “your debts are on sale… just not on sale to you,” until now.

Here is the general definition of a student-debt-bundled ABS.  It’s an asset-backed security (ABS) whose income payments and hence value is derived from and collateralized (or “backed”) by a specified pool of underlying assets (in our case student loans). The pool of assets is typically a group of small and illiquid assets which are unable to be sold individually. Pooling the assets into financial instruments allows them to be sold to general investors, a process called securitization, and allows the risk of investing in the underlying assets to be diversified if so desired because each security will represent a fraction of the total value of the diverse pool of underlying assets. The pools of underlying assets can include common payments from credit cards, auto loans, and mortgage loans, to esoteric cash flows from aircraft leases, royalty payments and movie revenues. Now we can add student loans to the list.

Rolling Jubilee says the problem lies deep within the structure of the education system and the way that selling education as a commodity reinforces inequality.

John Aspray, national field director at the United States Student Association (USSA), said recent changes in law mean people in medical or gambling debt can declare themselves bankrupt – but to do so for student debt means satisfying an ‘”undue hardship” criteria, which is very difficult to prove.

“Opportunities for renegotiating are very well hidden,” he says.

Aspray says Rolling Jubilee’s work is “important and symbolic” as a lot of people “don’t even consider” getting rid of their debt.

As 85% of student loans are guaranteed by the national government the USSA is putting pressure on the department to “cut contracts with the worse corporations”, says Mr Aspray.

“Political reforms are needed,” he says. “We are going to see people continuing to rebel against this.”

As The BBC reports,

An activist group in the United States has been carrying out deeds that some might think the stuff of dreams – buying and cancelling other people’s student debts.

Rolling Jubilee has purchased and abolished $3.8m of debt owed by 2,700 students, paying just over $100,000, or as it says, “pennies on the dollar”.

The campaign group, which wants to “liberate debtors”, says it takes its name from the tradition in many religions of marking a “jubilee” celebration by freeing people from debt.

Debts can be bought and sold in the financial marketplace. But student debt, which has spiralled to an estimated $1.2 trillion, is not usually as available to buy as other debts, such as unpaid medical bills.

In this speculative secondary market, third parties buy debt for a fraction of its original cost and try to collect the full amount from debtors.

But these debt campaigners are buying debts and then writing them off.

Laura Hanna at Rolling Jubilee says the student debt situation amounts to a “bubble”.

The group pulled off the deal to illustrate how cheaply the money owed can be sold on the secondary debt market, she says.

“We wanted to question the morality around repayment,” she says.

“Your debts are on sale. They are just not on sale to you.”

 

Sources: BBC, Zero Hedge, www.wisedogresearch.com, www.oaktrreassetmanagement.com

 

“Project Coast” And EBOLA’s Possible Origination …. You likely Won’t Read About This Anywhere Else!

Posted By on October 20, 2014

The following information gives us an interesting perspective on the recent unprecedented Ebola outbreak. Is it an organic natural phenomenon? Did this strain of Ebola accidentally escape from a bioweapons lab? Or, was it deliberately released?

Operating out of South Africa during the Apartheid era in the early 1980’s, Dr. Wouter Basson launched a secret bioweapons project called “Project Coast”.

The goal of the project was to develop biological and chemical agents that would either kill or sterilize the black population and assassinate political enemies. Among the agents developed were Marburg and Ebola viruses. 

Basson is surrounded by cloak and dagger intrigue, as he told Pretoria High court in South Africa that “The local CIA agent in Pretoria threatened me with death on the sidewalk of the American Embassy in Schoeman Street.” According to a 2001 article in The New Yorker magazine, the American Embassy in Pretoria was “terribly concerned” that Basson would reveal deep connections between Project Coast and the United States.

In 2013, Basson was found guilty of “unprofessional conduct” by the South African health council.

Bioweapons expert Jeanne Guillemin writes in her book Biological Weapons: From the Invention of State-Sponsored Programs to Contemporary Bioterrorism, “The project‘s growth years were from 1982 to 1987, when it developed a range of biological agents (such as those for anthrax, cholera, and the Marburg and Ebola viruses and for botulinum toxin)…

Basson’s bioweapons program officially ended in 1994, but there has been no independent verification that the pathogens created were ever destroyed. The order to destroy them went directly to Dr. Basson. According to the Wall Street Journal, “The integrity of the process rested solely on Dr. Basson’s honesty.”

Basson claims to have had contact with western agencies that provided “ideological assistance” to Project Coast. Basson stated in an interview shot for the documentary Anthrax War that he met several times with Dr. David Kelly, the infamous UN weapons inspector in Iraq. Kelly was a top bioweapons expert in the United Kingdom. He was found dead near his home in Oxfordshire in 2003. While the official story claims he committed suicide, medical experts highly doubt this story.

In a 2007 article from the Mail Online, it was reported that a week prior to his death, Dr. Kelly was to be interviewed by MI5 about his ties to Dr. Basson.

Dr. Timothy Stamps, Minister of Health of Zimbabwe, suspected that his country was under biological attack during the time that Basson was operating. Stamps told PBS Frontline in 1998 that “The evidence is very clear that these were not natural events. Whether they were caused by some direct or deliberate inoculation or not, is the question we have to answer.”

Dr. Timothy Stamps specifically named the Ebola and Marburg viruses as suspect. Stamps thinks that his country was being used as a testing ground for weaponized Ebola.

“I’m talking about anthrax and cholera in particular, but also a couple of viruses that are not endemic to Zimbabwe [such as] the Ebola type virus and, we think also, the Marburg virus. We wonder whether in fact these are not associated with biological warfare against this country during the hostilities… Ebola was along the line of the Zambezi [River], and I suspect that this may have been an experiment to see if a new virus could be used to directly infect people.”

The Ghanaian Times reported in early September on the recent Ebola outbreak, noting connections between Basson and bioweapons research. The article points out that, “…there are two types of scientists in the world: those who are so concerned about the pain and death caused to humans by illness that they will even sacrifice their own lives to try and cure deadly diseases, and those who will use their scientific skill to kill humans on the orders of… government…”

Indeed, these ideas are not new. Plato wrote over 2,000 years ago in his workThe Republic that a ruling elite should guide society, “…whose aim will be to preserve the average of population.” He further stated, “There are many other things which they will have to consider, such as the effects of wars and diseases and any similar agencies, in order as far as this is possible to prevent the State from becoming either too large or too small.”

As revealed by The Age, Nobel prize winning Australian microbiologist Sir Macfarlane Burnet secretly urged the Australian government in 1947 to develop bio weapons for use against the “overpopulated countries of South-East Asia.” In a 1947 meeting with the New Weapons and Equipment Development Committee, the group recommended that “the possibilities of an attack on the food supplies of S-E Asia and Indonesia using B.W. agents should be considered by a small study group.”

As of now, most questions about “Project Coast” remain unanswered or hidden in secret vaults buried or lost forever similar to Steven Spielberg’s movie theme in “Raiders of the Lost Ark”  involving the Ark of the Covenant Tablets of Stone!

This post first appeared at Old-thinker News

Sources: Alex Jones Inforwars.com, www.wisedogresearch.com, www.okatreeassetmanagement.com

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