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Goooooood Morning Fiatnam!

Thursday, July 02, 2015

HUI

Debt-Ridden Illinois Heading Toward State Government Shutdown

http://www.cnsnews.com/news/article/emily-richards/debt-ridden-illinois-heading-toward-state-government-shutdown

Illinois is heading toward a state government shutdown after the legislature adjourned Tuesday without closing a $6.2 billion gap and passing a budget by the July 1 deadline. 

Umm Ya good luck with that...Look around folks, all around us in the ( Cough ) richest Country in the world ( cough ) little patches of Greece everywhere you turn...

Tic Toc.


Obama administration goes for integration over deportation for illegal immigrants

http://www.washingtonpost.com/politics/dhs-scales-back-deportations-aims-to-integrate-illegal-immigrants-into-society/2015/07/02/890960d2-1b56-11e5-93b7-5eddc056ad8a_story.html

The Obama administration has begun a profound shift in its enforcement of the nation’s immigration laws, aiming to hasten the integration of long-term illegal immigrants into society rather than targeting them for deportation, according to documents and federal officials.
In recent months, the Department of Homeland Security has taken steps to ensure that the majority of America’s 11.3 million undocumented immigrants can stay in this country, with agents narrowing enforcement efforts to three groups of illegal migrants: convicted criminals, terrorism threats or those who recently crossed the border.

JP Morgan private banker: “We can’t make money anymore…”

http://www.sovereignman.com/trends/jp-morgan-private-banker-we-cant-make-money-anymore-17208/

Yesterday over coffee, a friend of mine leaked the news that JP Morgan’s private banking division here in Singapore is going to start charging negative interest rates.
I almost fell out of my chair.
He’s a successful hedge fund manager and one of their best customers. So when he received the notice, he rang up his private banker and demanded to know why.
Between ridiculously low interest rates (banks are closing loans here for 0.9% or lower) and the increasing costs of compliance, “we can’t make money anymore…” was the response.

Varoufakis Would 'Cut Arm Off' Before Signing Accord

Reactions to June Jobs Report: "OK" If You Believe the BLS Unemployment Stat (Which Most No Longer Do)

http://blogs.wsj.com/economics/2015/07/02/economists-react-to-the-june-jobs-report-certainly-disappointing/

The net read on the economy from the monthly labor market data is that the economy is stuck on the same shallow growth trajectory that has been in place for the past several years. Even the decline in the jobless rate was a reflection of a weaker labor market."'' -- Most are now turning to the labor force participation rate, which seems more correlated to the true health of the economy (and is also more directly connected to wages and hours worked, since you can't draw people into the labor force unless you actually pay them enough and give them enough hours).

IMF and World Bank have destroyed every nation they have ‘helped’

http://themillenniumreport.com/2015/03/imf-and-world-bank-have-destroyed-every-nation-they-have-helped/

The World Bank – IMF is owned and controlled by NM Rothschild and 30 to 40 of the wealthiest people in the world. For over 150 years they have planned to take the world over through money. The former chief economist of the World Bank, Joe Stiglitz, was fired recently. He pointed out to top executives that every country the IMF/World Bank got involved in ended up with a crashed economy, a destroyed government, and sometimes in flames with riots. Jim Wolfensen, the president of the World Bank would not comment on his dismissal.
Before Joe Stiglitz was fired he took a large stack of secret documents out of the World Bank. These secret documents from the World Bank and the International Monetary Fund reveal that the IMFrequired nations:

If Vaccines don’t cause Autism why is it a side effect listed on the package insert with the FDA

http://www.fda.gov/downloads/biologicsbloodvaccines/vaccines/approvedproducts/ucm101580.pdf

It’s on Page 11…
“Adverse events reported during post-approval use of Tripedia vaccine include idiopathic thrombocytopenic purpura, SIDS, anaphylactic reaction, cellulitis, autism, convulsion/grand mal convulsion, encephalopathy, hypotonia, neuropathy, somnolence and apnea. Events were included in this list because of the seriousness or frequency of reporting. Because these events are reported voluntarily from a population of uncertain size, it is not always possible to reliably estimate their frequencies or to establish a causal relationship to components of Tripedia vaccine.2″

OBAMACARE ADDS $1.1 TRILLION TO THE NATIONAL DEBT & INCREASES TAXES BY $800 BILLION

http://www.theburningplatform.com/2015/07/01/obamacare-adds-1-1-trillion-to-the-national-debt-increases-taxes-by-800-billion/

The CBO, whose estimates are as accurate as a Tim Tebow pass, shows that Obamacare increases deficits by a total of $1,156 billion over its first 10-year period.  This is supposedly offset by cost savings of $879 billion (predominately $802 billion saved in Medicare) and unrelated tax increases of $631 billion (predominately $346 billion in investment income surcharges). These government accountant weenies always underestimate the costs and overestimate the savings. The cost of Obamacare will soar past $2 billion. The States are already being overwhelmed by the increase in Medicaid enrollees, far above the estimates made by the Obamanistas. This bloated abortion of a healthcare plan will accelerate the destruction of our economy.

Walmart ISIS Cake Prompts Apology After Chain Refused A Confederate Flag Design

Walmart ISIS Cake Prompts Apology After Chain Refused A Confederate Flag Design

"Walmart has issued an apology for a cake decorated with the ISIS logo after a customer complained he couldn't have one with the Confederate flag.
In a video posted to YouTube last Friday, Chuck Netzhammer said he went to a Walmart in Slidell, La., and requested a cake that would be decorated with the Confederate flag and the slogan, "Heritage Not Hate." Walmart refused Netzhammer's request.
He later went back to the store and was able to obtain a cake printed with the symbol for ISIS, "somebody who we're fighting against right now, and are killing our men and boys overseas, and are beheading Christians."
"Walmart, can you please explain why you are alienating southern Americans with this trash you are allowing to be sold in your store, while at the same point, Confederate flag memorabilia is not allowed?" Netzhammer asked at the end of the video.
The company later apologized for the ISIS cake, saying in a statement to NBC, "It's unfortunate that one customer sought to take advantage of an associate who did not know the flag or its meaning. This cake should not have been made and we apologize for the mistake."