The Bank For International Settlements warns that a major debt meltdown in China


The pinnacle of the global financial system is warning that conditions are right for a “full-blown banking crisis” in China.  Since the last financial crisis, there has been a credit boom in China that is really unprecedented in world history.  At this point the total value of all outstanding loans in China has hit a grand total of more than 28 trillion dollars.  That is essentially equivalent to the commercial banking systems of the United States and Japan combined.  While it is true that government debt is under control in China, corporate debt is now 171 percent of GDP, and it is only a matter of time before that debt bubble horribly bursts.  The situation in China has already grown so dire that the Bank for International Settlements is sounding the alarm…

A key gauge of credit vulnerability is now three times over the danger threshold and has continued to deteriorate, despite pledges by Chinese premier Li Keqiang to wean the economy off debt-driven growth before it is too late.

The Bank for International Settlements warned in its quarterly report that China’s “credit to GDP gap” has reached 30.1, the highest to date and in a different league altogether from any other major country tracked by the institution. It is also significantly higher than the scores in East Asia’s speculative boom on 1997 or in the US subprime bubble before the Lehman crisis.

Studies of earlier banking crises around the world over the last sixty years suggest that any score above ten requires careful monitoring.

If you are not familiar with the Bank for International Settlements, just think of it as the capstone of the worldwide financial pyramid.  It wields enormous global power, and yet it is accountable to nobody.  The following is a summary of how the Bank for International Settlements works that comes from one of my previous articles entitled “Who Controls The Money? An Unelected, Unaccountable Central Bank Of The World Secretly Does“…

An immensely powerful international organization that most people have never even heard of secretly controls the money supply of the entire globe.  It is called the Bank for International Settlements, and it is the central bank of central banks.  It is located in Basel, Switzerland, but it also has branches in Hong Kong and Mexico City.  It is essentially an unelected, unaccountable central bank of the world that has complete immunity from taxation and from national laws.  Even Wikipedia admits that “it is not accountable to any single national government.”  The Bank for International Settlements was used to launder money for the Nazis during World War II, but these days the main purpose of the BIS is to guide and direct the centrally-planned global financial system.  Today, 58 global central banks belong to the BIS, and it has far more power over how the U.S. economy (or any other economy for that matter) will perform over the course of the next year than any politician does.  Every two months, the central bankers of the world gather in Basel for another “Global Economy Meeting”.  During those meetings, decisions are made which affect every man, woman and child on the planet, and yet none of us have any say in what goes on.  The Bank for International Settlements is an organization that was founded by the global elite and it operates for the benefit of the global elite, and it is intended to be one of the key cornerstones of the emerging one world economic system.

Video of Tulsa police shooting Terence Cruther sparks outrage

Video of Tulsa police shooting Terence Crutcher sparks outrage (Source Yahoo)

Civil rights advocates are livid after viewing more video footage of an unarmed black man’s death at the hands of a white police officer.

The Tulsa, Okla., Police Department released videos on Monday from a police helicopter and a police cruiser dashcam that show Terence Crutcher’s final moments a few days earlier.

On Friday evening, Officer Betty Shelby, who has been with the force since 2011, shot and killed the 40-year-old man after he walked to his SUV with his hands over his head. At the same time, Officer Tyler Turnbough fired his Taser. They had been responding to a stalled vehicle in the middle of a road.

Reactions to the video on social media were swift. Many people associated with the Black Lives Matter movement saw the killing as yet another example of that they consider systemic police brutality against the African-American community.

At a press conference Monday, Crutcher’s twin sister, Tiffany Crutcher, criticized an officer in the police helicopter who could be heard saying, “That looks like a bad dude too. Probably on something,” in one of the videos.

“You all want to know who that big bad dude was?” she told the media. “The big bad dude was my twin brother. That big bad dude was a father. That big bad dude was a son. That big bad dude was enrolled at Tulsa Community College — just wanting to make us proud. That big bad dude loved God. That big bad dude was at church singing with all of his flaws every week. That big bad dude, that’s who he was.”

She called for charges to be brought against Shelby for taking her brother’s life and connected the incident to the larger concerns of Black Lives Matter.

“It’s time for everybody to demand that this stops and that justice is served. We just want justice,” Tiffany Crutcher said. “Because I want for everyone to know that that big bad dude, his life mattered. His life mattered. His life mattered. And the chain breaks here. We’re going to stop it right here in Tulsa, Oklahoma. This is bigger than us right here.”

Tulsa Police Chief Chuck Jordan said at a news conference Monday afternoon that there was no gun on Crutcher or in his vehicle.

The Third World War Has Never Been So Close

 The Third World War Has Never Been So Close… “US Preparing to Wage War on Russia. How will Russia Respond?”(A Russian Viewpoint By Alexander Dugin Source

As we have already said many times, the main aspect of this political season is not elections, but war. But if elections do have importance somewhere, then this is in the US where, once again, they are closely connected to war. On September 17th, the likelihood of this war was breathtakingly high. As we know, American troops bombed the positions of the Syrian army. As a result of the bombing, 60 Syrian soldiers were killed.

This strike was extremely important for ISIS militants, whom the US is informally advising and arming while supposedly fighting them. This crossed the line. Bombing Syrian soldiers is one thing, but this means declaring war not only against Syria, but also Russia, which is fighting in Syria on Assad’s side. And this means that we have reached a climax.

Sure, the US leadership immediately reported that the airstrike was a mistake and warned the Russian leadership not to express any emotions. But Americans can only be lying, as modern technology allows satellite objects to be seen from a desktop. Theoretically, American bombers could not have simply confused such a strike. And what’s most important: if they had told you that they were preparing to bomb you, and you said nothing, then does that mean you agree?

It is completely obvious that the US is preparing to start a war against Russia. Border incidents represent reconnaissance operations. But how will Moscow, Putin, and the Kremlin react? The point of no return has not yet been crossed, but did Moscow’s reaction not show just how many Russians are ready for a direct, frontal confrontation with the US and NATO? This was why the airstrike was launched against Syrian army positions.

The fatality of the situation lies in that, if Washington decides to opt for war now, then we cannot avoid it. If they will insist and repeat the September 17th situation again and again, then we will have to either accept the challenge and go to war, or knowingly admit defeat.

In this situation, the outcome of the struggle for peace which is, as always, fully in our interests, does not depend on us. The Americans are bombing our guys. A Third World War has never been.

U.S. teens often forced to trade sex work for food, study finds

 US teens often forced to trade sex work for food, study finds (Source

Teenagers in America are resorting to sex work because they cannot afford food, according to a study that suggests widespread hunger in the world’s wealthiest country.

Focus groups in all 10 communities analysed by the Urban Institute, a Washington-based thinktank, described girls “selling their body” or “sex for money” as a strategy to make ends meet. Boys desperate for food were said to go to extremes such as shoplifting and selling drugs. “I’ve been doing research in low-income communities for a long time, and I’ve written extensively about the experiences of women in high poverty communities and the risk of sexual exploitation, but this was new,” said Susan Popkin, a senior fellow at the Urban Institute and lead author of the report, Impossible Choices.

The consistency of the findings across gender, race and geography was a surprise.

“I wasn’t sure we would see it,” Popkin said. “Kids knew about all these strategies: hanging around your friend’s house and see if they’ll feed you, going hungry so that their younger brothers and sisters could eat, saving their school lunch so they could eat it at night so they could sleep at night. “Everybody knew where you get the cheapest food and how you keep some emergency stuff in your house. It was just very matter-of-fact and very common.

Teens feel a sense of shame around hunger and hide it. Many refuse to accept food or assistance in public settings or from people outside a trusted circle of friends and family.

Food-insecure teens think about how to mitigate their hunger and make food last longer for the whole family. They go to friends’ or relatives’ houses to eat and save their school lunch for the weekend.

Parents try to protect teens from hunger and from bearing responsibility for providing for themselves or others. However, teens routinely take on this role, going hungry so younger siblings can eat or finding ways to bring in food and money. Teens would overwhelmingly prefer to earn money through a formal job but prospects for youth employment are extremely limited.

In a few communities, teens talked about going to jail or failing school as strategies for ensuring regular meals. “One of the policy changes we advocate for in the report is a real shift in the perspective and getting kids help and support instead of a criminal record.”

Kentucky Gov. Matt Bevin says bloodshed may be needed to protect conservatism (Source

Kentucky Gov. Matt Bevin said conservatives may need to turn to physical violence in order to protect the United States against contemporary liberalism.

The Republican governor put forth the controversial suggestion after speaking of the “degradation of society” during an impassioned, 15-minute speech at the Values Voter Summit in Washington, D.C., on Saturday. The provocative comments started to gain national attention at the start of this week.

“America is worth fighting for ideologically. I want us to be able to fight ideologically, mentally, spiritually, economically, so that we don’t have to do it physically. But that may, in fact, be the case,” he told the crowd.

Bevin suggested that if Democrat Hillary Clinton were elected president, she would set the nation on a dangerous course that might require bloodshed to correct. He told the audience that the “candle” of liberty might go out “on our watch.”

To hammer home his point, he paraphrased a famous quote from Founding Father Thomas Jefferson: “The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.”

“Whose blood will be shed? It may be that of those in this room. It might be that of our children and grandchildren. I have nine children,” he said. “It breaks my heart to think that it might be their blood that is needed to redeem something, to reclaim something that we, through our apathy and our indifference, have given away. Don’t let it happen.”

There won’t be anything like Friday’s eclipse for another 8 years

There won’t be anything like Friday’s eclipse for another 8 years (Source

On Friday, Earth’s outer shadow will pass over September’s full moon, causing it to dim in the night sky. This will be the last eclipse of any kind for 2016.

But the star of this eclipse, the full moon, isn’t your ordinary full moon. It’s a harvest moon: the full moon that falls the closest to the autumn equinox in the Northern Hemisphere, which has the potential to make the moon appear much larger than normal.

This eclipse will be the last harvest moon eclipse until 2024.

It will last about four hours, reaching its peak around 2:54 p.m. ET. The bad news for viewers in North and South America is that the eclipse will only be visible across Europe, Africa, Asia, and Australia. But there are still ways to watch what’s unfolding from afar.

Like all full moons, the harvest moon rises at sunset and sets at sunrise. But typically, the moon rises an average of 50 minutes later each day than it did the day before; in January, it comes 70 minutes later each day, making for some very dark winter nights. (This has to do with the motion of the moon as it orbits the Earth.)

The harvest moon, though, rises only 30 minutes later than it did the day before. That means that for a few nights in a row, the moon seems to rise with the setting sun, making the moon appear full for even longer than usual.

It’s called a harvest moon because that extra bit of early evening moonlight gave farmers extra time to harvest their crops.

During Friday’s eclipse, the harvest moon will drift into Earth’s penumbral shadow. This is the lighter outer reach of Earth’s shadow, and it produces the subtlest of the lunar eclipses.

Although the eclipse will be visible to the naked eye (though not in North and South America), the faint effects are best viewed through binoculars or a telescope.




The Federal Reserve Begins Prepping For The Next Financial Crisis


In her recent address at the Jackson Hole monetary policy conference, Federal Reserve Chair Janet Yellen suggested that the Federal Reserve would raise interest rates by the end of the year. Markets reacted favorably to Yellen’s suggested rate increase. This is surprising, as, except for one small increase last year, the Federal Reserve has not followed through on the numerous suggestions of rate increases that Yellen and other Fed officials have made over the past several years. Much more significant than Yellen’s latest suggestion of a rate increase was her call for the Fed to think outside the box in developing responses to the next financial crisis. One of the outside the box ideas suggested by Yellen is increasing the Fed’s ability to intervene in markets by purchasing assets of private companies. Yellen also mentioned that the Fed could modify its inflation target. Increasing the Federal Reserve’s ability to purchase private assets will negatively impact economic growth and consumers’ well-being. This is because the Fed will use this power to keep failing companies alive, thus preventing the companies’ assets from being used to produce a good or service more highly valued by consumers.

Investors may seek out companies whose assets have been purchased by the Federal Reserve, since it is likely that Congress and federal regulators would treat these companies as “too big to fail.” Federal Reserve ownership of private companies could also strengthen the movement to force businesses to base their decisions on political, rather than economic, considerations.

Yellen’s suggestion of modifying the Fed’s inflation target means that the Fed would increase the inflation tax just when Americans are trying to cope with a major recession or even a depression. The inflation tax is the most insidious of all taxes because it is both hidden and regressive. The failure of the Federal Reserve’s eight-year spree of money creation via quantitative easing and historically low interest rates to reflate the bubble economy suggests that the fiat currency system may soon be coming to an end. Yellen’s outside the box proposals will only hasten that collapse. The collapse of the fiat system will not only cause a major economic crisis, but also the collapse of the welfare-warfare state. There is a great danger that, as the economic situation worsens, there will be an increase in violence and growing restrictions on liberty.


Korea says U.S. pushing peninsula to ‘explosion’

Korea says US pushing peninsula to ‘explosion’ (Source AFP)

North Korea on Wednesday accused the United States of pushing the Korean Peninsula to “the point of explosion” after it dispatched two huge bombers in a show of force against Pyongyang.

The supersonic B-1B Lancers flew over South Korea Tuesday as Washington vowed its “unshakeable commitment” to defend its allies in the region following North Korea’s fifth and largest-ever nuclear test conducted last week.

Washington called the demonstration “just one example of the full range of military capabilities”. It took similar military actions following previous atomic tests.

North Korea labelled the flyover by the “infamous” nuclear bombers as Washington’s attempt to seek “an opportunity of mounting a preemptive nuclear attack,” referring to US plans to deploy further strategic assets to the peninsula.

“These extremely reckless provocations of the US imperialist warmongers are pushing the situation on the Korean peninsula to the point of explosion hour by hour,” the state-run KCNA news agency said.

It warned that the North Korean army was fully armed with “all means for military counteraction” to strike back at any enemy attack in “a single blow”.

Washington is planning to send the nuclear-powered aircraft carrier the USS Ronald Reagan and the Japan-based Carrier Strike Group Five to South Korean waters next month for a joint naval exercise, according to South Korea’s Yonhap news agency.




EU Attack on Apple, Is a Blatant Power Grab

EU Attack on Apple Is a Blatant Power Grab (Source

The European Union is using Apple’s alleged tax avoidance to gain power, not just over American corporations, but in another major step toward becoming a superstate.

On August 30, the EU ordered Ireland to charge Apple €13 billion (US$14.6 billion) of back taxes.

The EU’s choice of target is smart. Corporate tax avoidance is a hot-button issue right now. And Apple’s setup looks pretty dodgy. Ninety percent of Apple’s non-U.S. profits are earned by subsidiaries based in Ireland but are technically not tax resident in any country at all. According to the EU Commission, in 2014 the company’s effective tax rate on its European earnings was 0.005 percent.

The European Commission is acting “arbitrarily, retroactively and beyond the rule of law,” wrote the Telegraph’s international business editor Ambrose Evans-Pritchard. “What is really going on—as often in EU affairs—is a complex political attack on multiple fronts.”

The EU is now in the absurd position of ordering the Irish government to collect taxes that the government doesn’t think needs to be collected. The EU is “overreaching their competence,” said Irish Finance Minister Michael Noonan. “The European treaties say the individual countries are responsible for taxation policy. This is an approach through the back door to try and influence tax policy through competition law.” Ireland has joined Apple in appealing the case to the European Court of Justice (ECJ). It will almost certainly fail: the ECJ doesn’t bother with mundane things such as enforcing the law. It always rules in favor of more Europe.


Brussels is moving closer towards creating an EU army post-Brexit

Brussels is moving closer towards creating an EU army post-Brexit (Source

Top EU official Jean-Claude Juncker will next week set out plans for a closer military union among European Union member states, according to multiple reports.

The European Commission President wants a unified command for EU military operations, common investment for military hardware, and standardized military equipment for all member states, according to The Financial Times and The Times. Juncker will set out the plans in his “State of the Union” address next week.

Military integration of EU states is controversial, with Britain a vocal opponent of any steps towards the creation of an “EU army.” There are also concerns that any EU defence operation could challenge NATO,the long-standing Western defence union which 22 EU members are part of.

The creation of EU defence structures, separate from Nato, will only lead to division between transatlantic partners at a time when solidarity is needed in the face of many difficult and dangerous threats to the democracies.”

But a senior German government official told Reuters: “That is not about competing with NATO but we need a stronger Europe. If we wait for the Eurosceptics, then we will only go backwards.”

Federica Mogherini, the EU’s head of foreign affairs, says that the pending Brexit opens up “political space” for the move.

The Times quotes Mogherini as saying: “We have the political space today to do things that were not really doable in previous years.”

“It might sound a bit dramatic but we are at this turning point. We could relaunch our European project and make it more functional and powerful for our citizens and the rest of the world. Or we could diminish its intensity and power.”

Mogherini apparently downplayed suggestion that this is the first step towards creating an “EU army,” painting the project as an EU-wide terrorism defence initiative.

The Czech Republic and Hungary already support the plan, according to the Times, while Italian Prime Minister Matteo Renzi has also reportedly backed the plan, according to the Telegraph.




5,300 Wells Fargo employees fired over 2 million phony accounts

Putin vs Bilderberg: “Do you want another Cuban Missile Crisis

Putin vs. Bilderberg: “Do you want another Cuban Missile Crisis?”(Source

Vladimir Putin’s interview with Bloomberg, in which the Russian president touched on key issues on the global information agenda. I am sure that dozens of publications are going over this interview and discussing every question and answer in it, but I want to propose to you, dear friends, to look at this from a different angle.

The point is that John Micklethwait, the editor-in-chief of Bloomberg who interviewed the Russian president, is not merely a journalist, but one of many journalists who has participated for many years in meetings of the Bilderberg Club as a full member of this shadow interest group whose opinions determine the policies of Western countries. I think that this explains the unusual format of the interview and the fact that Vladimir Putin called Micklethwait a “specialist” and debated with him more like a politician than a journalist.

Micklethwait attempted to force Putin to publicly support Donald Trump as candidate for President of the United States, or at least admit that Russia was behind the hacking attack on the Democratic Party’s servers. Putin declared his readiness to work with any American president capable of complying with agreements. So that this would be less painful for the interviewer, he added that he understands why the American public was so surprised by the information that hackers exposed. Translated from diplomatic language into English, his remark sounded so: “Yeah, everyone knows that you have a rotten political system – enough making a comedy out of it.”

And the final important element: the Russian president stressed that if anyone in the American leadership tries to “get rid of us,” we will survive and “who knows who will lose more with such an approach.”

Then Putin broke the interview format and asked a direct question to the Bilderberg Club representative. Putin asked whether he wants to repeat the Cuban Missile Crisis. John Micklethwait quickly replied that “no one wants to.” From my point of view, this was another clear and unambiguous message to our Western partners. As they say, a kind word and a nuclear weapon can achieve more than just a kind word. All that remains is to hope that our Western partners will draw the right conclusions from the Russian president’s words.