Author: Tom Dennen

Before It’s News

Climate Change might be a debatable political subject, but we are getting a lot more ‘natural disasters’ than ever before.

More earthquakes in the last ten years than in the last hundred, humongous tornadoes and east coast bad weather to beat the band.    Continue reading “Are you really, really ready for a hurricane? A flood? An earthquake?”

Washington Post – by Max Fisher

Huge numbers of Egyptians gathered in Cairo on Sunday to protest the government of President Mohamed Morsi, sworn in one year ago, as a smaller number of Morsi supporters gathered in a different part of town.

Read Abigail Hauslohner’s story to get a sense of the tension in Cairo, where protesters are hoping to topple Morsi’s year-old rule and many fear the demonstrations could devolve into violence. CNN’s Ben Wedeman, a veteran of the region, called Sunday’s anti-Morsi demonstration the largest public protest he’d ever seen in Egypt.   Continue reading “Amazing photos of Egypt’s massive demonstrations”

Before It’s News

Cyprus Precedent? “bail-in” – rules to impose failed banks’ losses on shareholders, bondholders & “some” large depositors agreed by EU finance ministers

Anyone. Anyone except the banks will do to ‘cover’ the losses of what is essentially their depositors’ money. Even with this kind of track record, the banks are so arrogant today that the’re actually charging clients to lend them their money. They call it a “Deposit Charge” because everything a bank does for you “while looking after your money” is charged to you. You end up using between 80% and 95% of your earnings. Interest? Just another revenue stream for banks – Tom Dennen   Continue reading “If You Have A Bank Account In Europe With Over 100,000 Euros In It, get Your Money Out Now”

Before It’s News

Briefly, lending is a no-risk, ‘asset-secured’ business, in its simplest form seeing borrowers liable only for the original loan, secured against the borrower’s assets, plus interest.

When the loan is payed back, the bank profits from the interest.

When borrowers default, they yield to the lender whatever securities they’ve put up, normally far exceeding the value of the original loan.    Continue reading “Fixing Globalization & The Unbearable Simplicity of Banking”

Before It’s News

Micro-lenders ‘no risk’ to banking system?

If micro-lending is “not seen as a systemic risk to the South African banking system” then why “Moody’s sounds alarm”? (Ethel Hazelhurst, Natal Mercury, Friday June 28).

Maybe it’s not a risk to S.A. commercial banks, but it is a risk to local borrowers and consequently overseas investors, where Moody’s concerns are.   Continue reading “Behind Obama’s Visit to South Africa? Money”

Gold Silver Worlds – by  Taki Tsaklanos and GE Christenson

Unsustainable trends can survive much longer than most people anticipate, but they do end when their “time is up” – at the culmination of their time cycles. Examples of these trends include deficit spending, exponential debt increases, overpriced bond markets, and unbacked paper currencies, to name a few. In an effort to bring clarity in how and when these trends could change direction we analyzed more than 20 different cycles. They almost unanimously point to tectonic shifts in the months and years ahead … starting now. We have been warned.   Continue reading “2013 – Start of Seismic Shifts in Money, Metals, Markets”

Before It’s News

Even with the most cursory examination, lending can be seen as mostly a no-risk, ‘asset-secured’ business, in its simplest form seeing borrowers liable only for the original loan, which is secured against the borrower’s assets, plus interest.

When the loan is payed back, the bank profits in the accepted perception of what a bank does for a living – it gives low interest to depositors and takes a slightly higher interest from borrowers, their profit being the difference in interest rates.   Continue reading “A Short, Sharp, Close Look at Ordinary Commercial Banking Profits”

Before It’s News

Funny how Public Relations works: Inside the U.S. Ed Snowden is a traitor, whistle-blowers (now a BAD thing to be when up to very recently, the authorities routinely “called for witnesses to come forward” in a crime situation) and a criminal who of course should be treated like Manning and locked up naked in solitary.   Continue reading “Obama on Snowden “I’m Not Going to Scramble Jets to get a 29-Year-Old Hacker.” That’s What He Says in Africa…”

Lew Rockwell – by Andrew P. Napolitano

Which is more dangerous to personal liberty in a free society: a renegade who tells an inconvenient truth about government law-breaking, or government officials who lie about what the renegade revealed? That’s the core issue in the great public debate this summer, as Americans come to the realization that their government has concocted a system of laws violative of the natural law, profoundly repugnant to the Constitution and shrouded in secrecy.

The liberty of which I write is the right to privacy: the right to be left alone. The Framers jealously and zealously guarded this right by imposing upon government agents intentionally onerous burdens before letting them invade it. They did so in the Fourth Amendment, using language that permits the government to invade that right only in the narrowest of circumstances.   Continue reading “The Truth Shall Keep Us Free”

Laissez-Faire – by Jeffrey Tucker

Dear rest of the world: Please know that it is painful for Americans to see what is happening in the case of Edward Snowden.

Here he is flying from Hong Kong to Russia — countries that seem like safe havens from the long reach of the U.S. empire. Where will he end up? Could be Iceland, Venezuela, or Ecuador. He needs someplace to go where the authorities can’t be intimated to turn him over to his jailers and possible executioners.   Continue reading “Snowden’s Flight to Freedom”

Natural News – by Ethan A. Huff

If you or someone you know has a child that has been diagnosed with attention deficit hyperactivity disorder (ADHD), chances are the child is actually just fine. At least this is what the “father” of ADHD, Leon Eisenberg, would presumably say if he were still alive. On his death bed, this psychiatrist and autism pioneer admitted that ADHD is essentially a “fictitious disease,” which means that millions of young children today are being needlessly prescribed severe mind-altering drugs that will set them up for a life of drug addiction and failure.   Continue reading “Before his death, father of ADHD admitted it was a fictitious disease”

Natural News – by Mike Adams

As reported by the Associated Press, Edward Snowden managed to evade U.S. authorities and fly to Ecuador where he is apparently being granted political asylum.

As AP reports:

The former National Security Agency contractor and CIA technician fled Hong Kong and arrived at the Moscow airport, where he planned to spend the night before boarding an Aeroflot flight to Cuba. Ecuador’s Foreign Minister Ricardo Patino said his government received an asylum request from Snowden, and the anti-secrecy group WikiLeaks said it would help him.   Continue reading “Ed Snowden beware: U.S. State Dept. has confirmed history of running covert abductions of Americans in Ecuador”

Before It’s News

Guys, start getting prepared for the meltdown as more and more people turn on to the scams…

It’s just a little more sophisticated than the tricks the money lenders used in the Temple…

By taking a tiny amount from each of billions of individual people on every purchase, every transaction, every money movement and it seriously adds up.   Continue reading “For Ten Thousand Years The Carnies’ve Been Milking the Marks for Mega Trillions. And You Da Marks”