UNSURVIVABLE

A dark, gruesome, but wholly true depiction of the threat of thermonuclear war, the consequences, and Obama's deployment of a major portion of the U.S. thermonuclear capabilities in multiple theaters threatening both Russia and China.

JPMorgan Loss Could Be Next 'Shock' Event

Yoni Jacobs: The JP Morgan (JPM) trading blunder could result in a $100 billion loss, a contagion of its massive portfolio, and even the wipeout of its entire asset base. Even worse, these extremely risky and potentially-illegal actions on behalf of the CIO office and the "London Whale" could be the unexpected "shock" that breaks the market, derails the Fed's huge monetary stimulus, and sends us back into a global recession.
The JP Morgan Shock
The entire world has forgotten about or ignored what could be the upcoming "shock" that puts the global financial system in severe jeopardy. To make matters much, much worse - I don't think anyone even has a clue as to what is really happening. Investors, economists, financial powerhouses, top business executives, politicians, lawmakers, consumers, students, governments, and even central banks are completely confused. None of them are expecting what I will describe below.
There is one event that may ultimately solve the mystery of the global economy. This event would not only plunge the economy back into a deep recession and lose investors hundreds of billions of dollars, but it could bring about the collapse of some of the world's largest financial institutions and even render central bank stimulus and QE completely ineffective and futile. This event is by no means a guarantee; its probability is even likely under 5 percent. But this event has all the necessary ingredients to culminate into a major panic. Together with slowing global economies and an extremely unstable financial system, this could be the next Lehman Brothers.

Robert Mundell, evil genius of the euro - For the architect of the euro, taking macroeconomics away from elected politicians and forcing deregulation were part of the plan

Greg Palast: The idea that the euro has "failed" is dangerously naive. The euro is doing exactly what its progenitor – and the wealthy 1%-ers who adopted it – predicted and planned for it to do.
That progenitor is former University of Chicago economist Robert Mundell. The architect of "supply-side economics" is now a professor at Columbia University, but I knew him through his connection to my Chicago professor, Milton Friedman, back before Mundell's research on currencies and exchange rates had produced the blueprint for European monetary union and a common European currency.
Mundell, then, was more concerned with his bathroom arrangements. Professor Mundell, who has both a Nobel Prize and an ancient villa in Tuscany, told me, incensed:

"They won't even let me have a toilet. They've got rules that tell me I can't have a toilet in this room! Can you imagine?"

As it happens, I can't. But I don't have an Italian villa, so I can't imagine the frustrations of bylaws governing commode placement.
But Mundell, a can-do Canadian-American, intended to do something about it: come up with a weapon that would blow away government rules and labor regulations. (He really hated the union plumbers who charged a bundle to move his throne.)
"It's very hard to fire workers in Europe," he complained. His answer: the euro.

Nothing to do, nowhere to go: 1 in 4 UK youths jobless

Every fourth person under the age of 25 in Britain is currently out of work. And despite government efforts, many young people say there are no opportunities available for them. RT's Sara Firth reports. Source

Related: NEW ONS SHOCKER: Just 1 in 4 UK adults aged 16-74 has a full-time job

Welcome to the Era of 'Ugly' Inflation - Charles Hugh Smith

The Siren Song of 'Beautiful Deleveraging'

In a world of rising sovereign debts and an overleveraged, over-indebted private sector, history suggests there are only three possible ways out: gradual deleveraging, defaulting on the debt, or printing enough money to inflate away the debt.
Ray Dalio recently described the characteristics of a “beautiful deleveraging” in which equal doses of austerity, write-downs, and inflation gradually lighten the load of impaired debt.  This might be called the Goldilocks Deleveraging, as the key feature of this “beautiful” solution is that each component is “not too hot, not too cold” – inflation is modest, write-downs of bad debt are gradual, and austerity is not too severe.  Given enough time, the leverage and debt are worked off without requiring any structural change to the Status Quo.
Understandably, the Status Quo has embraced this solution for the appealing reason it doesn’t change the power structure at all.  Everyone currently in charge remains in charge, and everyone who owns outsized wealth continues owning outsized wealth. Rather than falling onto the politically powerful “too big to fail” banking sector, the pain of deleveraging is spread over the entire economy.  There is no such thing as painless deleveraging, so the “solution” is to distribute the pain over hundreds of millions of people. That’s what makes it “beautiful” to the Status Quo: It doesn’t cost them either their power or their wealth.
The Status Quo in Japan has pursued this strategy for 20 years, and the Status Quo in Europe and the U.S. have pursued it for the past four years, ever since the global financial system imploded in 2008.

Derivatives role in creating and sustaining the ongoing financial crisis - Rob Kirby with Max Keiser

Max interviews Rob Kirby from KirbyAnalytics.com. He talks about the role of derivatives in creating and sustaining the ongoing financial crisis. Rob Kirby received his post secondary education at York University [Economics] in Toronto. Upon completion he worked on an institutional trading desk for most of the 1980s and right up until 1996. Mr. Kirby began writing in 1997 and was involved in a number of entrepreneurial pursuits. In 2002, he went to work for Investor's Group, the largest Mutual Fund Company in Canada until September '04 when he resigned to write about the markets. Source

Defraudsters - Max Keiser with Will Carless

Max Keiser and Stacy Herbert discuss the audacious finance oligarchies and high speed stock manipulators OOPSING again by front running clients (oops!) and manipulating market prices (oops!). And, once again, the US regulators have just 'aw shucks' fined them a small portion of their ill-gotten gains. In the second half of the show, Max Keiser talks to Will Carless of VoiceOfSanDiego.com about the billion dollar cost of repaying back a $105 million dollar loan to Poway School District in San Diego. Source

Pepper Sprayed Students Win Settlement; Apology + The World Is Waking Up to The New World Order 'Street art'

Students at U.C. Davis won a lawsuit against police involved in the incident where peaceful protesters were pepper sprayed while opposition tuition increases. That incident has become iconic of a wider pattern of police mistreatment of protesters-- criminalizing activity like chalking sidewalks and strong arming those gathered to voice grievances in protest.

The philosophy of a piece of paper - artist taxi driver

MASS SUICIDE AT UN - FKN Newz

Silver Doctors + Turd Ferguson "Bernanke Is Bat Shit Crazy!"