Former CIA Head Pleads Guilty To Mishandling Classified Information, Faces Year In Prison
WSJ reports that David Petraeus - the former director of the US Central Intelligence Agency - will plead guilty to a charge of mishandling classified information. The reitred military general, whose career was cut short by a very public affair with his biographer, reached a plea deal over sharing unauthorized information with her, in order to avoid an embarrassing trial. To summarize, the man trusted with all of the America's most secret secrets just plead guilty to pillow-talk-sharing of classified information... ... Read more
Record-Breaking Cold Likely in the First Week of March
With the US sporting a Debt to GDP ratio of over 100%... and the Wall Street banks sitting on over $191 TRILLION worth of derivatives trades based on interest rates (bonds), the very last thing the Fed wants is even a WHIFF of debt deflation to hit the bond markets.
Mass Grave With 200 Skeletons Found Under Supermarket In Central Paris
Archaeologists have made a strange and rather gruesome discovery under a supermarket in central Paris: an ancient mass grave containing the skeletal remains of more than 200 people.
... The store has long been known to rest on the site of a hospital that operated from the 12th through the 17th century, The Telegraph reported. So remains weren't unexpected, though no one guessed there would be this many. ...
The title of Citi's 2015 outlook piece "Keep Calm and Lever Up."
Wherein Citi strategists say: "now is the time to wade into synthetic tranches".
USGS: Fracking's disposal wells are the cause of earthquakes in Oklahoma
OKLAHOMA -- It's the million dollar question in Oklahoma: What's causing all the earthquakes? There have been a lot of theories about fracking causing earthquakes. But now, the U.S. Geological Survey (USGS) says that fracking's disposal wells are indeed, to blame. ... Read more
Breaking Bad (Debt) - Part 3
The 2008 worldwide financial crisis was produced due to excessively easy monetary policy, which caused the largest debt driven mal-investment in housing, automobiles, and Chinese produced crap in world history. The consequences of this debt bacchanalia should have been the orderly liquidation of the Wall Street entities that created the crisis, the writing off of trillions in bad debt, corporate and personal bankruptcies of businesses and people who borrowed recklessly, a sharp steep economic decline to cleanse the excesses, and politicians who immediately began the process of reducing budgets and addressing long term unfunded unpayable liability promises. Instead, the psychotic oligarchs did not want to lose any of their power, wealth or control over the proletariat. They have done the exact opposite of what needed to be done. ...
As Jeb Bush Pounces On The Hillary Email Scandal, The Real Winner Is... Goldman Sachs
Hillary Clinton's use of personal email accounts as America's former top diplomat is a far more serious issue as it touches directly on accountability, and rational decision-making while in a top position of government power. To say that it impairs her image as a presidential candidate who puts the country ahead of her own interests, would be an understatement.
However, depending on just how aggressive the US DOJ is, it may have criminal implications as well: according to the Weekly Standard, citing CNN conversations with "experts", Hillary Clinton broke the law by using her personal email account to conduct official State Department business while she was secretary of state. ...
Ring of Fire - http://ringoffireradio.com/Ring of Fire | Ring of Fire on Free Speech TV (02/22/15) [54L58]
DemocracyNow - http://www.democracynow.org/Democracy Now! U.S. and World News Headlines for Tuesday, March 03 [7:52] *DN | Noam Chomsky: Chomsky on Cuba: After Decades of U.S. Meddling & "Terrorism," Restoring Ties is Least We Could Do (03/03/15) [5:43]
*DN | Noam Chomsky: To Deal with ISIS, U.S. Should Own Up to Chaos of Iraq War & Other Radicalizing Acts (03/03/15) [16:51]
DN | Noam Chomsky: Chomsky: Greece's Syriza & Spain's Podemos Face "Savage Response" Taking on Austerity "Class War" (03/03/15) [3:54]
60 Minutes60 Minutes | thousands of homeowners were denied their flood insurance claims after Hurricane Sandy because of fraudulent engineers' reports. (03/01/15) [14:20]
John Oliver*HBO | John Oliver Explains How America's Neglected Infrastructure Is Like A Lego Set (03/01/15) [21:13]
Jon StewartJon Stewart | Jon Stewart Exposes Boehner's Kissy Face, And 'The Turds Clogging Our Legislative Plumbing' (03/03/15) [8:43]
Bill MaherHBO | New Rule: Income Inequality In America (older, 02/28/14) [5:16]
TRNN News - http://therealnews.com/TRNN | Is Iran or Netanyahu a Threat to Israel's National Security? (03/03/15) [2:18]
TRNN | AIPAC Conference Pushes War on Iran (03/03/15) [5:51]
*TRNN | Jeff Halper: What Do Ordinary Israelis Think of Netanyahu's U.S. Visit? (03/03/15) [11:22]
*TRNN | Larry Wilkerson says: Netanyahu says Iran Intends to Destroy Israel (03/03/15) [14:17]
TYT News - http://www.tytnetwork.com/*TYT | Why Earthquakes Are Happening Where They've Never Happened Before (03/02/15) [5:42]
*TYT | Warren Buffet Warns Elizabeth Warren (03/02/15) [7:37]
TYT | Protest Sparked By Putin Critic's Murder (03/02/15) [7:58]
TYT | LAPD Executes Homeless Man In The Street (03/02/15) [7:50]
RT - http://www.rt.com/RT | CrossTalk: Dangerously Spinning Russia Story (03/02/15) [24:24]
Thom Hartmann - www.thomhartmann.com/ThomHartmann | Thom Hartmann on the Science & Green News (03/02/15) [6:47]
Netanyahu Arrives In U.S., Signs Of Easing Of Tensions Over Iran Speech
The United States and Israel showed signs of seeking to defuse tensions on Sunday ahead of a speech in Washington by Israeli Prime Minister Benjamin Netanyahu when he will warn against a possible nuclear deal with Iran.
Israel fears that U.S. President Barack Obama's Iran diplomacy, with an end-of-March deadline for a framework accord, will allow its archfoe to develop atomic weapons, something Tehran denies seeking. ... Read more
Bill Gross: "Central Banks Have Gone Too Far In Their Misguided Efforts To Support Economic Growth"
"None dare call it a "currency war" because that would be counter to G-10/G-20 policy statements that stress cooperation as opposed to "every country for itself", but an undeclared currency war is what the world is experiencing. Close to the same thing happened in the 1930's, a period remarkably similar to what many countries' policies resemble today. ... Read more
Bernie Sanders Calls Out Media For Not Covering Obama's (TPP)Trade Deal
"The major television networks are not covering the TPP. Incredible as it may sound, this trade agreement--the largest trade agreement in the history of the United States of America--has received virtually no coverage, no coverage, on the major networks," Sanders said from the Senate floor on Thursday.
TPP is a trade deal being negotiated between the U.S., Canada and ten other Asia-Pacific nations, covering about 40 percent of the global economy. Supporters of the treaty argue that it would boost economic growth in participating countries by reducing tariffs, increasing investments and bringing the member nations closer together.
Critics aren't buying it, arguing TPP would take jobs out of the U.S., increase income inequality, allow multinational corporations to sidestep U.S. regulations and reward countries with poor human rights records. ... Read more
Lehman Moment For Austrian "Bad Bank" Means Worse Coming
Today, following the "spectacular development" over the weekend that the bank will be wound down due to the discovery of an $8.5bn "hole" in its balance sheet, the 2Y HETA bonds are trading below 50c on the dollar (at a yield of 54%). This is indeed Austria's "Lehman" moment as for the first time in the new European 'bail-in' era, senior debt is getting a massive haircut.
... Of course, this being Austria, and the Creditanstalt, aka the bank which failed in 1931 under almost identical circumstances and set off the dominos that led to a global financial crisis which in turn bank fanned the flames of the Great Depression, also being Austrian, suddenly everyone is asking: "what just happened and what happens next?" ... Read more
10 Things America Must Do to Stop Ruining the World
I feel a responsibility for the acts of this country that I don't feel for those of other states or groups. When, for instance, a wedding party blows up thanks to a Taliban roadside bomb, or the Islamic State cuts some poor captive's head off, or Bashar al-Assad's air force drops barrel bombs on civilians, or the Russians jail a political activist, or some other group or state commits some similar set of crimes, I'm not surprised. Human barbarity, as well as the arbitrary cruelty of state power, are unending facts of history. They should be opposed, but am I shocked? No.
Still -- and I accept the irrationality of this -- when my country wipes out wedding parties in other lands or organizes torture regimes and offshore prison systems where anything goes, or tries to jail yet another whistleblower, when it acts cruelly, arbitrarily, or barbarically, I feel shock and wonder why more Americans don't have the same reaction. ...
Even The Regulators Are Rigged: Prominent HFT Critic Stiglitz Blocked From SEC Panel
That markets are rigged, at both the macro level, through central banks, and micro, through HFTs, dark pools and purposeful market fragmentation, should be painfully obvious to everyone by now. But when even the regulators engage in "jury rigging", or in this case blocking prominent HFT-critic Joseph Stiglitz, a Nobel prize winning economist (a prize which doesn't count for much on these pages but should - at least on paper - impress such statist cronies as the SEC), has been blocked from a government panel that will advise regulators on issues facing U.S. equity markets, it becomes clear as day that the rigging is not just in the markets: worse, it is openly involves the market's "regulator" and "enforcer." Read more
DemocracyNow - http://www.democracynow.org/Democracy Now! U.S. and World News Headlines for Monday, March 02 [12:49] DN | Noam Chomsky: Opposing Iran Nuclear Deal, Israel's Goal Isn't Survival -- It's Regional Dominance (03/02/15) [7:38], Part 2 [4:45], Part 3 [13:05], Part 4 [4:22]
TRNN News - http://therealnews.com/TRNN | Journalist and author Doug Henwood says: Hilary Clinton has close ties to Wall Street and big business, hawkish foreign policy, and a lack of vision to address looming structural economic and environmental catastrophes (03/02/15) [12:49]
TRNN | TRNN's Jessica Desvarieux: Nurses Unite to Stop TPP Fast Track (03/02/15) [5:54]
TRNN | Bill Black: HSBC Offshore Tax-Evading Scandal Widening (03/02/15) [14:47]
TRNN | Pernille Ironside, UNICEF Chief of Gaza Field Office: 30 UN Agencies and International NGO's released a letter condemning the lack of reconstruction and development in Gaza after the war last summer. (03/02/15) [9:26]
TYT News - http://www.tytnetwork.com/TYT | Foreign Donors Buying Political Influence Through The Clinton Global Initiative? (03/01/15) [4:57]
TYT | Elizabeth Warren Asked About Hillary Clinton & It's Devastating (03/01/15) [5:09]
TYT | Senator Jim Inhofe Throws A Snowball On The Senate Floor (03/01/15) [11:28]
TYT | State Politicians Want To Declare Idaho Officially Christian (03/01/15) [4:11]
TYT | Sarah Palin's CPAC Speech: How To Solve The ISIS Problem & PTSD (03/01/15) [4:02]
TYT | CPAC Confuses Black Guys And Then Plays The Photoshop Card (03/01/15) [3:59]
RT - http://www.rt.com/RT | CrossTalk: Ukrainian Narratives (02/27/15) [24:34]
RT | Keiser Report: Inflation = War (E725) (02/28/15) [25:41]
In the second half, Max continues his interview with Liam Halligan, editor-at-large at BNE.eu and columnist at the Telegraph, about the latest on the unpayable debt crisis in Greece and about which nation will be the first to exit the euro.
Ring of Fire - http://ringoffireradio.com/
Thom Hartmann - www.thomhartmann.com/ThomHartmann | How Reaganomics Changed Corporations (02/26/15) [5:54]
Thom Hartmann comments on a Roosevelt Institute report that corporations today don't stimulate investment, growth, and wages because, additional funds are funneled to shareholders through buybacks and dividends.
United States owes a lot of money, with its debt equal to the size of the economy as of 2012. See the Statue of Liberty & WTC being dwarfed by the debt.
Five Banks Account For 96% Of The $250 Trillion In Outstanding US Derivative Exposure; Is Morgan Stanley Sitting On An FX Derivative Time Bomb?
Zero Hedge | Author | 09/24/11
The latest quarterly report from the Office Of the Currency Comptroller is out and as usual it presents in a crisp, clear and very much glaring format the fact that the top 4 banks in the US now account for a massively disproportionate amount of the derivative risk in the financial system. Specifically, of the $250 trillion in gross notional amount of derivative contracts outstanding (consisting of Interest Rate, FX, Equity Contracts, Commodity and CDS) among the Top 25 commercial banks (a number that swells to $333 trillion when looking at the Top 25 Bank Holding Companies), a mere 5 banks (and really 4) account for 95.9% of all derivative exposure (HSBC replaced Wells as the Top 5th bank, which at $3.9 trillion in derivative exposure is a distant place from #4 Goldman with $47.7 trillion). The top 4 banks: JPM with $78.1 trillion in exposure, Citi with $56 trillion, Bank of America with $53 trillion and Goldman with $48 trillion, account for 94.4% of total exposure. As historically has been the case, the bulk of consolidated exposure is in Interest Rate swaps ($204.6 trillion), followed by FX ($26.5TR), CDS ($15.2 trillion), and Equity and Commodity with $1.6 and $1.4 trillion, respectively. Read more