Renowned economics professor Laurence Kotlikoff says SIPC (Securities Investor Protection Corporation) is an insurance scam from Fraud Street. Dr. Kotlikoff contends, “If you look at the history of their response as it’s been discovered, they (SIPC) have been fighting tooth and nail never to pay a dollar. So, the situation is not that we don’t have any insurance for your brokerage account, it’s far worse. . . .
There’s a Ponzi scheme discovered every four days, according to a recent New York Times article. So, they can declare a fraud very easily.” As an example, Dr. Kotlikoff gives someone who lost $2 million and is expecting to get back at least the SIPC insurance claim of $500,000, the maximum payout. Instead of getting money back, SIPC expects money back from you! Dr. Kotlikoff explains, “So, you are at double jeopardy here. It’s not just that you can get totally screwed by a brokerage firm, which is happening every four days because a Ponzi scheme is being discovered, you can also be at great jeopardy by SIPC itself.” Meaning, SIPC cannot only deny your claim, butit can sue you for any profits you made beyond your original investment if there are losses because of a fraudulent brokerage. Dr. Kotlikoff adds, “So, they are running a complete insurance scam. It’s a disgrace. There is a bill in front of Congress that would correct this, but so far, members of Congress have not pushed it through.” Continue reading →
Financial analyst and writer Bill Holter thinks the powers that be know how shaky the system is and will play the blame game for the coming crash. Holter contends, “I believe that they know the financial system is upside down and there is no bringing it back, so they do need to have something to point at. It could be a war with Russia. We are trying as hard as we can to create a war, and it looks like Russia; and Mr. Putin is trying as hard as he can not to have a war.
There could be any number of things to point at. It could be the Ebola virus outbreak. It could be the Saudi Arabians accepting euros, gold, yuan and it could be anything. There are dozens of topics.” Holter goes on to say, “Truth is the first casualty of all wars. So, we are getting bad information from our press, and we are getting bad information from the Russian press. When a war starts, you will never get the truth.” Continue reading →
“. . . the question today is whether hapless stock investors will be seduced once again or dig deeper into the research that has been put painstakingly before them. Frothy, rigged markets have a way of getting much frothier before they collapse under the weight of their own corruption.” – P Martens & R Martens
Figuring out how to write ever creative versions of headlines that say the market is hitting a new high is commanding a lot of energy in newsrooms these days. What should be commanding more energy in the newsrooms is writing about the market structure that is underpinning this “bull”.
On Friday, TheStreet.com went with the headline “S&P Books Best August Since 2000.” Bringing up the year 2000 is a bit like bringing up the Hindenburg during an air show. The year 2000 marked the peak in Wall Street’s dot.com bubble, whose bust erased 78 percent of the Nasdaq stock market over the next two and one-half years.
Wiped-out Nasdaq investors were eventually to learn that much of this so-called bull market was a highly orchestrated fraud by some of the biggest firms on Wall Street. The fraud worked like this:
Research analysts at marquee firms like Salomon Smith Barney and Merrill Lynch issued knowingly false research reports urging small investors to buy young, unproven companies while calling the same stocks “crap” or a “pig” in private emails. When new tech or dot.com companies went public, favored big clients at Wall Street firms were instructed when to buy on the opening day of trading at rising prices to make the stock appear to be in high demand. This fraud on the market is called laddering. Continue reading →
False Flag Warning: Expert Reports ‘Imminent’ ISIS Threat To The U.S. Power Grid
UK shocked as manufacturing growth has ended.
Germany’s GDP has fallen by 0.2%.
Europe is suffering from a decline in factory orders.
Ecuador looking to replace the dollar with a digital currency.
Facebook posts could get you on the US Government terrorists watch list.
Ebola breakouts seems to coincide with new oil discoveries in West Africa.
Dutch government will not release the MH17 voice recording.
The Islamic State might have the ability to bring down the power grid in the US according to an expert.
The central bankers/US Government have been pushing propaganda warning about the Islamic State terrorist attacks. We know it’s a false flag event. We know this will be an inside job to get the country into WWIII.
All source links to the report can be found on the x22report.com site.
Economist John Williams says forget all the happy talk about the improving economy. Williams says “The economy is in severe trouble.” Williams goes on to say, “When you see a contraction as we had in the first quarter, given all the upside biases that the government puts into the series, you know the economy is in serious trouble.
The second quarter was reported at 4% (GDP). They revised it up to 4.2%. That is not much of a revision, and it is barely significant when you consider there is a margin of error plus or minus three and a half percentage points. Early numbers we have seen on the third quarter suggests that the third quarter is going to be weaker. The numbers for the second quarter . . . do not support 4% growth. There is no way that is happening.” Continue reading →
A warning sign blocks the road to Bardarbunga volcano, some 20 kilometres (12.5 miles) away, in the north-west region of the Vatnajokull glacier August 19, 2014. (Reuters / Sigtryggur Johannsson)
Icelandic volcano activity increased on Wednesday, with scientists detecting 10-15 meters deep cauldrons of melted ice at the Vatnajökull glacier, prompting fears of an imminent eruption.
Icelandic scientists have detected a series of 10-15m deep cauldrons at Bardarbunga volcano glacier. They apparently are a result of melting following a sub-glacial eruption, the Icelandic Civil Protection Scientific Advisory Board reported. A surveillance flight over the surface of Vatnajokull has shown the cauldrons to be 1 km wide, located in a straight line some 4-6 kilometers south of the Bardarbunga caldera.Continue here . . .
Most orbital debris is in low Earth orbit, where the space station flies. Image Credit: NASA
The Russian space agency is allocating around $297 million to design and construct a spacecraft that would clean circumterrestrial space of disabled communication satellites and upper-stage rockets currently cluttering up the geostationary orbit.
Roscosmos is ready to allocate 10.8 billion rubles (about $297 million) from 2016-2025 for the new mission: development of a space scavenger relieving terrestrial space of non-operating satellites and space exploration waste, Izvestia daily reported on Friday.
The announced tech specs of the future unmanned spacecraft, codenamed ‘Liquidator’, imply a weight of about four tons and the capability to get rid of at least 10 disabled satellites and rocket stages during a single mission that could last up to 6 months.
The ‘space cleaner’ will be able to run no less than 20 ‘cleaning missions’ during its 10-year lifespan, which means the elimination of up to 200 space objects, which obstruct new space vehicles and communication satellites. Continue reading . . .