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Badsamm

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Gender: Male
Hometown: California
Home country: USA
Member since: Tue May 20, 2014, 12:09 PM
Number of posts: 14,709

Journal Archives

Obama: We Should Be More Like Socialist France

French Joblessness Soars To Record High; Rises For 36th Month In A Row

http://www.zerohedge.com/news/2014-06-26/french-joblessness-soars-record-high-rises-36th-month-row


This comment was from Titan International CEO on French workers. Enjoy.

"“The French work force gets paid high wages but works only three hours. They get one hour for breaks and lunch, talk for three and work for three,” Taylor wrote on Feb. 8 in the letter in English addressed to the minister, Arnaud Montebourg.

“I told this to the French union workers to their faces. They told me that’s the French way!” Taylor added in the letter, which was posted by business daily Les Echos on its website on Wednesday and which the ministry confirmed was genuine.

“How stupid do you think we are?” he asked at one point.

“Titan is going to buy a Chinese tire company or an Indian one, pay less than one Euro per hour wage and ship all the tires France needs,” he said. “You can keep the so-called workers.”

Socialist President Francois Hollande might take some comfort in Taylor’s view of Washington: “The U.S. government is not much better than the French,” he said, complaining Western leaders were failing to halt state-subsidised Chinese exports.

http://www.theglobeandmail.com/report-on-business/international-business/european-business/keep-your-so-called-workers-us-boss-tells-france/article8878721/

Up To $80 Billion Gold-Backed Loans Are Falsified, Chinese Auditor Warns



As Bloomberg reports,

China’s chief auditor discovered 94.4 billion yuan ($15.2 billion) of loans backed by falsified gold transactions, adding to signs of possible fraud in commodities financing deals.

As much as 1,000 tons of gold may have been used in lending and leasing deals in China, where commodities including metals and agricultural products are used to get credit amid lending restrictions, according to World Gold Council estimates.

Of the as much as $160 billion in transactions projected by Goldman, $80 billion may involve gold, $46 billion copper, $13.8 billion iron ore and $10.3 billion soybeans, according to a March 18 report.

Steps by the Chinese government to rein in credit by raising borrowing costs in recent years created a surge in commodities financing deals that Goldman Sachs Group Inc. estimates to be worth as much as $160 billion.

The Chinese agency that stockpiles strategic commodities is checking to ensure its copper purchases are free of collateral risks while the customs authorities issued new rules to help prevent goods being pledged multiple times as collateral, people with direct knowledge of these matters said previously.


If you don't hold it you don't own it.

Chairman Of China's Largest Copper Producer Commits Suicide By Jumping From Hotel

As The South China Morning Post reports,

The head of a US$2 billion Chinese copper producer fell to his death from a building, the firm announced on Wednesday, with a state-run newspaper claiming he committed suicide following corruption allegations.

The chairman of state-owned Tongling Nonferrous Metals Group, Wei Jianghong, died on Tuesday after falling off a building, the company said in a statement.

A string of officials have killed themselves in recent months, with speculation linking some to a crackdown on graft launched by President Xi Jinping after he took office last year.

State-run media said Wei jumped from a hotel owned by the company in Tongling, the city in the eastern province of Anhui where it has its headquarters.

The China Business News quoted a source as saying the incident might involve corruption since disciplinary authorities had initiated an investigation involving Tongling.

I wonder what he knew.

Are you familiar with the term "Doctor Copper"?

"Definition of 'Doctor Copper'


Market lingo for the base metal that is reputed to have a Ph.D. in economics because of its ability to predict turning points in the global economy. Because of copper's widespread applications in most sectors of the economy - from homes and factories, to electronics and power generation and transmission - demand for copper is often viewed as a reliable leading indicator of economic health. This demand is reflected in the market price of copper. Generally, rising copper prices suggest strong copper demand and hence a growing global economy, while declining copper prices may indicate sluggish demand and an imminent economic slowdown."

Now consider this little gem in China
http://in.reuters.com/article/2014/06/02/china-qingdao-metals-idINL6N0OJ1VC20140602;

The port of Qingdao is China's third-largest foreign trade port and the world's seventh-largest port, trading with 700 ports in more than 180 countries, according to its website (www.qdport.com/).

"Banks are worried about their exposure," one warehousing source in Singapore said.

"There is a scramble for people to head down there at the minute and make sure that their metal that they think is covered by a warehouse receipt actually exists," he said.

Metal imports have been partly driven in China as a means to raise finance, where traders can pledge metal as collateral to obtain better terms. In some cases the same shipment can be pledged to more than one bank, fuelling hot money inflows and spurring a clampdown by Chinese authorities.

"It appears there is a discrepancy in metal that should be there and metal that is actually there," said another source at a warehouse company with operations at the port.

"We hear the discrepancy is 80,000 tonnes of aluminium and 20,000 tonnes of copper, but we hear that the volumes will actually be higher. It's either missing or it was never there - there have been triple issuing of documentation," he said.

Is Doctor Copper telling us something serious is coming?
And what about those gold and silver backed ETF's, these investors are only holding receipts too.
And where is Germany's gold?

Do you want a $5 bill or a silver dollar

[link:http://m.|

US foreign policy flow chart

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"Minerva Research Initiative" - The Pentagon's Preparation For "Mass Civil Breakdown"

The Guardian which first revealed the details, reports that, "The multi-million dollar programme is designed to develop immediate and long-term "warfighter-relevant insights" for senior officials and decision makers in "the defense policy community," and to inform policy implemented by "combatant commands."

The premise behind Minerva is simple: study how violent political overthrow, aka mass civil breakdown, happens in the day and age of social networks, and be prepared to counteract it - by "targeting peaceful activities and protest movements" - when it finally reaches US shores.

Among the projects awarded for the period 2014-2017 is a Cornell University-led study managed by the US Air Force Office of Scientific Research which aims to develop an empirical model "of the dynamics of social movement mobilisation and contagions." The project will determine "the critical mass (tipping point)" of social contagians by studying their "digital traces" in the cases of "the 2011 Egyptian revolution, the 2011 Russian Duma elections, the 2012 Nigerian fuel subsidy crisis and the 2013 Gazi park protests in Turkey."

Twitter posts and conversations will be examined "to identify individuals mobilised in a social contagion and when they become mobilised."

Another project awarded this year to the University of Washington "seeks to uncover the conditions under which political movements aimed at large-scale political and economic change originate," along with their "characteristics and consequences." The project, managed by the US Army Research Office, focuses on "large-scale movements involving more than 1,000 participants in enduring activity," and will cover 58 countries in total.

I ask, who is your enemy?

http://www.zerohedge.com/news/2014-06-14/meet-minerva-research-initiative-pentagons-preparation-mass-civil-breakdown

How long before there are boots on the ground?

Dropping bombs from 30000 feet will not slow Isis or stop them from continuing their fight. We need forward observers to drop our smart bombs.

And just wondering the price tag for each sidewinder missile and smart bomb we will need to hit each and every truck, car, and camel the Isis is driving.

Sounds like a pipe dream

Over/ Under 1 month?

I take the under

Has World War III already started?

World Wars I & II didnt start all at once. Things took time to develop into what historians call the "War" periods, there was the initial spark event, alliances formed, shots fired, and the finally. Did the German or French citizens know in 39 that they were already participants in a World War II.

Given the gropolitical landscape today and the rising number of armed conflicts in major strategic locations and the US involvement, are we in World War III already.

Iraq War Vote in 2002: 156 Congress Members Who Voted NO Names of the 23 Senators and 133 House Memb

http://usliberals.about.com/od/liberalleadership/a/IraqNayVote.htm

Complete list of NO voters.

Do you see a pattern? Those two parties that many here like to defend or attack are both fucking guilty.

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