Author: Paul

CNS News – by Terence P. Jeffrey

The Daily Treasury Statement that was released Wednesday afternoon as Americans were preparing to celebrate Thanksgiving revealed that the U.S. Treasury has been forced to issue $1,040,965,000,000 in new debt since fiscal 2015 started just eight weeks ago in order to raise the money to pay off Treasury securities that were maturing and to cover new deficit spending by the government.

During those eight weeks, Treasury took in $341,591,000,000 in revenues. That was a record for the period between Oct. 1 and Nov. 25. But that record $341,591,000,000 in revenues was not enough to finance ongoing government spending let alone pay off old debt that matured.   Continue reading “Ponzi: Treasury Issues $1T in New Debt in 8 Weeks—To Pay Old Debt”

CNBC

The FBI warned U.S. businesses that hackers have used malicious software to launch destructive attacks in the United States, following a devastating cyberattack last week at Sony Pictures Entertainment.

The five-page, confidential “flash” warning issued to businesses late on Monday provided some technical details about the malicious software that was used in the attack, though it did not name the victim.   Continue reading “FBI warns US businesses of ‘destructive’ malware”

RT

Deliveries of Russian goods in exchange for Iranian oil will begin soon, according to Russia’s minister of economic development. He says the two countries are also working on a plan to trade in national currencies.

Aleksey Ulyukayev said grain is a primary commodity, while other goods on the list are being negotiated.   Continue reading “Russia-Iran ‘oil for goods’ program to launch soon – minister”

NBC News

An Air Force base and local schools and businesses in southeast Albuquerque, New Mexico, were locked down for hours Monday afternoon as authorities sought a possible gunman, police told NBC News. All lockdowns were lifted Monday night as Albuquerque and Bernalillo County authorities continued looking for the man.

Albuquerque police said they received numerous calls reporting that a man carrying multiple firearms was firing gunshots near Innovation Parkway and Eubank Boulevard, in a busy business area near Monzano Mesa Elementary School and Kirtland Air Force Base.   Continue reading “Gunman Reported Near New Mexico Air Force Base”

Defense News – by WENDELL MINNICK

TAIPEI — China’s new CX-1 supersonic anti-ship cruise missile is ready for export to America’s friends and foes alike, with potential markets including Iran, Pakistan and African and South American countries.

On display at the recent Airshow China in Zhuhai, the missile resembles India’s BrahMos cruise missile with a large intake in the nose, referred to as the “axial symmetrical inlet” in the brochure. However, that appears to be the only similarity, according to Chinese-language media outlets, which mention differences in wing, guidance vanes and jet vanes of the two missiles.   Continue reading “China’s CX-1 Missile Now Exportable”

The Economic Collapse – by Michael Snyder

Retail sales during the four day Thanksgiving weekend were down a whopping 11 percent from last year.  This is a “make or break” time of the year for many retailers, and if things don’t turn around during the coming weeks we could see a tsunami of store closings in January and February.  As you read this article, there is already more than a billion square feet of retail space sitting empty in the United States.  Many have described the ongoing collapse of the retail industry as an “apocalypse”, and this apocalypse appears to be accelerating.  Yes, the shift to online retailers is a significant factor, but as you will see below even online retailers struggled over the holiday weekend.  The sad truth of the matter is that U.S. consumers are tapped out and are drowning in debt at this point, so they simply do not have as much money to spend as they once did.   Continue reading “The Retail Apocalypse Accelerates: Collapsing Holiday Sales Are A Signal That A Recession Is Coming”

Bearing Arms – by Bob Owens

Over the weekend we wrote of the heart-warming story of irregular militias coming together to provide private security for Ferguson businesses that survived the first night of arson and looting that followed the grand jury’s decision not to indict police officer Darren Wilson for shooting robbery suspect Michael Brown in self-defense.

The St. Louis County Police have now incredibly threatened these volunteers with arrest for keeping the city safe:

Equipped with militia-style clothing and firearms, the Oath Keepers had been offering free security for businesses at risk of looting and arson in Ferguson. Continue reading “Government Threatens Police Academy Instructor, Other Volunteers With Arrest For Protecting Ferguson Businesses”

RT

The US Air Force’s Osan Air Base, located south of Seoul, was forced to lock down Monday due to reports of an active high school shooter. Security forces were dispatched to sweep the base, only to find it was a false alarm.

Following reports of shooting, people on the base have been told to remain in their quarters or workplaces until further notice, AP cited Osan spokesman Tech. Sgt. Stacy Foster as saying.   Continue reading “‘Active shooter’ at US air base in S. Korea sparks lockdown”