Author: Admin

Zero Hedge – by Tyler Durden

One of the primary drivers of the real estate bubble in the past several years, particularly in the ultra-luxury segment, were megawealthy Chinese buyers, seeking to park their cash into the safety of offshore real estate where it was deemed inaccessible to mainland regulators and overseers, tracking just where the Chinese record credit bubble would end up. Some, such as us, called it “hot money laundering”, and together with foreclosure stuffing and institutional flipping (of rental units and otherwise), we said this was the third leg of the recent US housing bubble. However, while the impact of Chinese buying in the US has been tangible, it has paled in comparison with the epic Chinese buying frenzy in other offshore metropolitan centers like London and Hong Kong. This is understandable: after all as Chuck Prince famously said in 2007, just before the first US mega-bubble burst, “as long as the music is playing, you’ve got to get up and dance.” In China, the music just ended.   Continue reading “The Music Just Ended: “Wealthy” Chinese Are Liquidating Offshore Luxury Homes In Scramble For Cash”

Wall Street Journal – by ROSS KELLY and JAMES GLYNN

SYDNEY—An Australian-led operation is under way to determine whether objects located by satellite imagery in the southern Indian Ocean belong to missing Malaysia Airlines3786.KU -2.08% Flight 370.

“New and credible information has come to light in relation to the search,” Australia’s Prime Minister Tony Abbott during a regular sitting of Parliament.   Continue reading “Satellites Spot Possible Debris From Malaysia Airlines Flight”

Wall Street Journal – by Joe Palazzolo

Encouraging someone to commit suicide is not a crime, Minnesota’s high court ruled Wednesday, reversing the conviction of a nurse who urged people to hang themselves and let him watch via webcam.

William Francis Melchert-Dinkel had been found guilty under a law that made it illegal to “advise, encourage, or assist” in a suicide.   Continue reading “Minnesota’s High Court Rules Encouraging Suicide Isn’t a Crime”

PJ Media – by J. Christian Adams

When it comes to the Tea Party, Obama’s IRS probes private citizens beyond the legal limits. But when it comes to Swiss banks engaged in widespread criminal conduct, Eric Holder’s Justice Department turns a blind eye.

Swiss bank Credit Suisse has perpetrated a criminal enterprise on American soil by intentionally fleecing the federal government of billions of dollars in taxes, yet top political leaders at the U.S. Department of Justice refuse to pursue criminal charges against all of the bank officials engaged in the scheme.   Continue reading “Eric Holder Gives Pass to Banking Criminals at Credit Suisse”

Morning Sentinel – by Rachel Ohm

NORRIDGEWOCK — Michael Smith went outside shirtless after being awakened Tuesday morning, yelling at a tree removal company to get off his property.

The workers thought they saw a gun in his waistband and called police.

Smith, who’d gone back to bed, was awakened again minutes later — this time by Maine State Police at his front door, backed up by a group of troopers with assault rifles in his driveway. They were asking him via a megaphone to come out of his house.   Continue reading “Norridgewock, Maine man with gun tattoo wakes up to armed police”

Bloomberg – by Calev Ben-David

Israel launched air strikes against Syrian military positions overnight in response to a border bomb attack on its troops, as officials in Jerusalem warned that fallout from Syria’s civil war is escalating tensions along the frontier.

Israeli jets struck a Syrian army training facility, a military headquarters building and artillery batteries, the army said in a e-mailed statement. The strikes were a response to the wounding of four Israeli soldiers by the explosion of a device on the Golan Heights frontier with Syria yesterday, the third such incident along Israel’s northern border this month.   Continue reading “Israel Hits Syria Targets as Officials Warn of Escalation”

NEO – by Tony Cartalucci

The United States has officially told the Syrian government to immediately suspend its diplomatic and consular missions in the country, and ordered its diplomats to leave the country if they are not US citizens.

“We have determined it is unacceptable for individuals appointed by that regime to conduct diplomatic or consular operations in the United States,”US special envoy for Syria, Daniel Rubinstein, said in a statement issued on Tuesday.   Continue reading “US Expels Syrian Diplomats – Dangerous Desperation in the Air”

Time – by Denver Nicks

Last year’s deadly shooting at the Washington Navy Yard could have been prevented with better oversight of security clearances and improved on-site security, according to an internal Pentagon investigation released Tuesday.

“Had proper procedures been followed [in vetting personnel for access to secure facilities], the chain of events that led to the incident on September 16,2013, would have been interrupted,” the report says.   Continue reading “Navy Yard Shooting Review Recommends Security Clearance Reforms”

King 5 News

Two people have been killed after a news helicopter crashed on top of at least three vehicles outside Seattle Center Tuesday morning and caught fire. A third person was taken to the hospital in critical condition.

The crash happened in the 400 block of Broad Street next to Fisher Plaza, which is home to KOMO-TV.   Continue reading “2 killed in news helicopter crash near Seattle Center”

By Wim Grommen

The Dow Jones Industrial Average (DJIA) Index is the only stock market index that covers both the second and the third industrial revolution. Calculating share indexes such as the Dow Jones Industrial Average and showing this index in a historical graph is a useful way to show which phase the industrial revolution is in. Changes in the DJIA shares basket, changes in the formula and stock splits during the take-off phase and acceleration phase of industrial revolutions are perfect transition-indicators. The similarities of these indicators during the last two revolutions are fascinating, but also a reason for concern. In fact the graph of the DJIA is a classic example of fictional truth, a hoax.   Continue reading “The DJIA Is A Hoax”

Liberty Gold and Silver

“Banking was conceived in iniquity and was born in sin. The Bankers own the Earth…If you wish to remain slaves of the Bankers and pay for the cost of your own slavery, let them continue to create deposits (fractional reserve lending/fiat money).”

What a chilling indictment of the banking system! Quite harsh, don’t you think? Surely this kind of scurrilous accusation had to be uttered by some disgruntled socialist, or by a diehard Marxist anti-capitalist, or by an Occupy Wall Street anarchist protester. However, if you thought it was any one of these, you would be 100% dead wrong.   Continue reading “Top 7 Notorious Banker Deaths Walking with the Devil has Consequenses”