MAY 11 SIT EC y POL
ZERO HEDGE
Almost
Half Of US States Are Officially Broke. Submitted by Tyler Durden
on 05/11/2015. At least 22 states are facing budget shortfalls thanks to a
combination of fiscal mismanagement and falling oil prices. The negative
impact on the public sector has been dramatic suggesting that in the event of a
sustained economic downturn, citizens' patience for austerity could wear thin leading
to political instability and social unrest.
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War
Threat Rises As Economy Declines, Warns Paul Craig Roberts. Submitted
by Tyler Durden on 05/11/2015. As the years have
passed without Washington hearing, Russia and China have finally realized
that their choice is vassalage or war. Had there been any intelligent,
qualified people in the National Security Council, the State Department, or the
Pentagon, Washington would have been warned away from the neocon policy of sowing
distrust. But with only neocon hubris present in the government, Washington
made the mistake that could be fateful for humanity.
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The
Average Age Of A Minimum Wage Worker In America Is 36. Submitted by Tyler
Durden on 05/11/2015. Did you know that 89 percent of all minimum wage
workers in the United States are not teens? At this point, the
average age of a minimum wage worker in this country is 36, and 56 percent of
them are women. Millions upon millions of Americans are working as hard
as they can (often that means two or three jobs), and yet despite all of their
hard work they still find themselves mired in poverty. One of the big
reasons for this is that we have created two classes of workers in the United
States.
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White
House Denies It Fabricated bin Laden Killing, Says Hersh Report "Riddled
With Inaccuracies And Falsehoods". Submitted by Tyler
Durden on 05/11/2015. If anyone expected the Obama administration to admit
that, as Seymour Hersch alleged last night, it had openly lied and fabricated
the entire account of Osama bin Laden killing - perhaps the most defining
narrative of Obama's entire first term, we have some bad news: it won't.
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Seymour
Hersh: Obama's Entire Account Of bin Laden's Death Is One Big Lie; This Is What
Really Happened. Submitted by Tyler
Durden on 05/11/2015. "The White House’s story might have been
written by Lewis Carroll: would bin Laden, target of a massive international
manhunt, really decide that a resort town forty miles from Islamabad would be
the safest place to live and command al-Qaida’s operations? It was
inevitable that the Obama administration’s lies, misstatements and betrayals
would create a backlash... High-level lying nevertheless remains the
modus operandi of US policy, along with secret prisons, drone attacks, Special
Forces night raids, bypassing the chain of command, and cutting out those who
might say no." - Seymour Hersh
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America's
Vanishing Worker: The Truth Behind The "Recovery" Propaganda.
Submitted by Tyler Durden on 05/11/2015. There is propaganda,
and then there is the harsh reality, as shown by the case of Denny Rder, 47, of
Decatur, Illinois: "look closer, and this city of 75,000 resembles many
communities across the industrial Midwest, where the unemployment rate is
falling fast in part because workers are disappearing: moving away, retiring
or no longer looking for a job."
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Ron
Paul: NSA Spying Ruled Illegal, But Will Congress Save the Program Anyway?.
Submitted by Tyler Durden on 05/11/2015. The only reform of
the PATRIOT Act is a total repeal. Accept nothing less.
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The
Government's Career Suggestion For Massively Indebted College Grads: Become
Farmers. Submitted by Tyler
Durden on 05/11/2015. The class of 2015 may be the most indebted class of
college graduates in the history of US higher education and the economy may
have flatlined in Q1, but that doesn't mean all hope is lost for anyone who
didn't study to become a petroleum engineer because as the government will tell
you, you can always be a farmer.
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Angry
Greeks Occupy Siemens Office; "Won't Become German Colony". Submitted
by Tyler Durden on 05/11/2015. "We are not
negotiating with domestic and foreign capitalists. We won't become a colony of
Germany or any other Imperialist power", dozens of protesters said
Monday, on the way to entering the Siemens building in Northern Athens and
papering the exterior and interior with anti-austerity banners.
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OPEC
Forecasts Oil As Low As $40 For Next Decade. Submitted by Tyler
Durden on 05/11/2015. Whether it is more posturing ahead of OPEC's June
meeting is unclear but the message from 'sources', according
to The Wall Street Journal is "OPEC won’t agree to go lower,"
with regard global market share (which has fallen from more than 50-% to
just 32% currently). The cartel's latest strategy report forecasts oil prices
won't reach $100 - “$100 is not in any of the scenarios,” in the next decade
(and could drop below $40) with its most optimistic scenario $76 in 2025
(which only Qatar and Kuwait can cover expenditures with). “If they want to
sustain the organization, they have no choice,” but to reintroduce
production quotas, adding any concession by stronger members would be
temporary.
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No
Deal: Eurogroup Concludes Meeting On Greece, No Further Fund Disbursement.
Submitted by Tyler Durden on 05/11/2015. As expected,
today's Eurogroup meeting concluded without an agreement between Greece and its
creditors as both sides cited "progress" and regurgitated
familiar rhetoric around the need for a "comprehensive list of
reforms", and a universal desire for a favorable outcome. Despite this,
Athens claims it will make a €750 million payment to the IMF on Tuesday even as
it isn't at all clear where the money will come from.
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Russia
Asks Greece To Join BRICS Bank. Submitted by Tyler
Durden on 05/11/2015. As if the discussions in Brussels and Athens were not
mired in enough uncertainty, Bloomberg reports that a Greek official confirms:
*STORCHAK ASKED TSIPRAS FOR GREECE TO JOIN BRICS BANK:
OFFICIAL
The pivot appears to continue. Reportedly, Tsipras was
pleasntly surprised by the proposal.
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Germany
Gives Greece Grexit Referendum Greenlight. Submitted by Tyler
Durden on 05/11/2015. With a deal between Greece and its creditors seen as
exceedingly unlikey at Monday's Eurogroup meeting, officials and analysts alike
debate the logistics of default and a return to the drachma while Greeks may
be called upon to choose between austerity or preparing for the possible introduction
of a parallel currency and the economic malaise that will invariably follow.
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Saudi
Army Strike Force Arrives On Yemen Border In Preparation For Land Invasion.
Submitted by Tyler Durden on 05/11/2015. One week ago when
news hit that Houthi rebels had launched a rocket attack on a Saudi border
town we
said that "a Saudi response now appears just a matter of time, and one
which the oil-trading algos are eagerly expecting, pushing Brent to within two
dollars of $68." By response, we of course meant a land invasion
since Saudi Arabia has already been bombing Yemen for nearly a month.
That "time" may have arrived, because as Al Arabiya reports, Saudi Arabia
has announced that a "strike force has arrived on the border with Yemen,
as the operation to quell Houthi militias in the country continues."
----
Submitted by Tyler
Durden on 05/11/2015 - 07:28
- Full picture of Clinton charities' foreign government funding remains elusive (Reuters)
- Greece Readies for Another Week of Deadlines (BBG)
- Greece says deal will be 'difficult' at Eurogroup meeting (Reuters)
- Saudi Arabia’s Rulers Snub Arab Summit, Clouding U.S. Bid for Iran Deal (WSJ)
- Saudi Aramco Said to Plan Spending $80 Billion Overseas (BBG)
- The $900 Billion Influx That’s Wreaking Havoc in U.S. Bills (BBG)
- Cameron rules out another Scottish independence vote (Reuters)
- Banks Prep Defense for Anti-Wall Street Campaigns (WSJ)
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Will
Austerity Be The Straw That Breaks The EU & The UK?. Submitted by Tyler
Durden on 05/11/2015. How this will not end badly and ugly is hard to
see. As we quoted in an earlier article, the number of foodbanks in Britain
went from 66 to 421 in the first 5 years of Cameron rule. How many more need to
be added before people start setting cities on fire? Or even just: how much
more needs to happen before the Scots have had enough? Very much like the
Greeks, the Scots unambiguously voted down austerity. And in very much the same
fashion, they face an entity that claims to be more powerful and insists on
forcing more austerity down their throats anyway. It seems inevitable
that at some point these larger entities will start to crack and break down
into smaller pieces. As empires always do. Now, the EU was of course never
an empire, there’s just tons of bureaucrats dreaming of that, and Britain is a
long-decayed empire.
====
FUTURE FAST FORWARD
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WASHINGTON BLOG
American
Cops Are More Heavily Armed than Front Line U.S. Combat Soldiers In Active War
Zones. Posted on May 12, 2015 by WashingtonsBlog . Why Are Domestic Law Enforcement More Heavily
Armed than Our Soldiers?
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Bob Graham
and the Missing 9/11 Report Pages. Posted on May 12, 2015 by Kevin Ryan .
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The
Average Age Of A Minimum Wage Worker In America Is 36. Posted on May 12, 2015 by WashingtonsBlog . By Michael Snyder.
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How
the U.S. Military is Paying NFL Teams Millions to “Honor the Troops” at
Sporting Events . Posted on May 12, 2015 by WashingtonsBlog . Submitted
by Mike Krieger via Liberty Blitzkrieg blog,
For related articles, see:
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To
Mislead Critics, US Stages Fake “Public Feuds” with Anti-Democratic Partners.
Posted on May 12, 2015 by Robert Barsocchini
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In
a Cop Culture, the Bill of Rights Doesn’t Amount to Much. Posted on May 11, 2015 by WashingtonsBlog . By John
Whitehead, constitutional and civil rights attorney, and founder of the Rutherford
Institute.
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INFORMATION CLEARING HOUSE
War Threat Rises
As Economy Declines
By Paul Craig Roberts
Russia and China have finally realized that their choice is vassalage or war.
By Paul Craig Roberts
Russia and China have finally realized that their choice is vassalage or war.
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CONFIRMED:
US "Operation Rooms" Backing Al Qaeda in Syria
By Tony Cartalucci
Beyond Iran, Russia faces the prospect of its Caucasus region being turned into a corridor of terror aimed straight at the heart of Russia itself.
By Tony Cartalucci
Beyond Iran, Russia faces the prospect of its Caucasus region being turned into a corridor of terror aimed straight at the heart of Russia itself.
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The Murder of
Osama bin Laden
Seymour M. Hersh
The White House’s story might have been written by Lewis Carroll.
Seymour M. Hersh
The White House’s story might have been written by Lewis Carroll.
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LATINO NEWS
NAZANIN: Obama y la tensión entre Irán y
Arabia Saudi. Teherán
y Riad rompen el fino lenguaje indirecto oriental que utilizaban para mostrar
su odio mutuo y pasan al ataque, de momento, verbal. A pesar de que el
desencadenante ha sido la agresión militar de Arabia-EEUU a
Yemen, la noticia
de la supuesta agresión sexual a dos peregrinos iraníes en el aeropuerto de
Jeddah desató la furia en el poder de Irán: se organizaron protestas
anti-saudíes, se suspendieron las “peregrinaciones menores” (Hay Umrah) a la
Meca a las que se apuntan medio millón de fieles al año, y como guinda, el
general Ahmad Purdastan, el comandante de las fuerzas terrestres de Irán, llegó
a advertir al vecino árabe del “día en que los petardos estallen en Riad” por denegar
el permiso de aterrizaje a un avión de pasajeros iraní en su suelo. Sin
embargo, lo que más dolió al rey Salmán fueron las palabras del Ayatolá
Jamenei: que unos jóvenes sin experiencia en Riad estén reemplazando la
dignidad con la barbarie, referiéndose al joven príncipe Mohamed, a
cargo del Ministro de Defensa y de la Casa Real, que para más inri es también
hijo del propio monarca, quien acusó a Teherán de apoyar el terrorismo Houzi en
Yemen. http://www.nazanin.es/?p=11696
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PRESS
TV
WH:
Hersh’s bin Laden story fallacious . Tue May 12, 2015 The White House dismissed as untrue an article by
Seymour Hersh which says the Obama administration lied about how Osama bin
Laden was killed in 2011.
[ Osama is alive & kicking. Los santos de
la democracia Americana lo resucitaron. La esencia de Osama es el terrorismo mercenario
pro-USA y fueron ellos quienes le dieron vida. Ya no se llama OSAMA, SE LLAMA ISIS. El reencarnado es ahora un
monstruo con diferentes caras y más canibalesco que el anterior. Y más elusivo también,
pues OSAMA se aparece al mismo tiempo en Siria, en Libia y ahora en Yemen. Como
ayer, es el USA quien lo financia, arma y entrena. Los saudis
proveen la sangre fundamentalista a ese
monstruo. Para eliminar este terrorismo hay que eliminar el imperio y sus
peones eso se puede hacer en cualquier parte del mundo donde tenga presencia.]
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Chinese
missiles can hit US: Pentagon. Tue
May 12, 2015 A Pentagon report says Chinese nuclear-capable missiles can target
nearly the entirety of the US.
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20
NATO warships engage in Baltic drills. Mon May 11, 2015 Nearly 20 warships from NATO member states begin the
Baltic Fortress 2015 war games in waters off the Lithuanian Baltic Sea coast.
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Greece
scrambles to stave off default.
Mon May 11, 2015 Greece orders the transfer of a huge tranche of cash it owes
to the International Monetary Fund (IMF).
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Russia,
China stage joint naval drills.
Mon May 11, 2015 The navies of Russia and China begin their first-ever joint
naval drills in the Mediterranean Sea.
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