Melissa Dykes is a writer, researcher, and analyst for The Daily Sheeple and a co-creator of Truthstream Media with Aaron Dykes, a site that offers teleprompter-free, unscripted analysis of The Matrix we find ourselves living in. Melissa also co-founded Nutritional Anarchy with Daisy Luther of The Organic Prepper, a site focused on resistance through food self-sufficiency. Wake the flock up!
Oct 3, 2015
By Michael Snyder | Economic Collapse Blog
Did you know that 11 trillion dollars in global stock market wealth was wiped out during the third quarter of 2015? When I was emailed this figure by a friend, I was stunned for a moment. I knew that things were bad, but were they really this bad? When I first received this information, I had just finished a taping for a television show in which I had boldly declared that 5 trillion dollars of stock market wealth had been wiped out around the world. Unfortunately, the final number has turned out to be much larger than that. Over the past three months, the stock markets of all major global economies have been crashing simultaneously, and 11 trillion dollars of “paper wealth” has now completely vanished. The following comes from Fortune…
Global equity markets suffered a bruising third quarter, shedding $11 trillion worth of global shares over three months, according to Bloomberg.
It was the market’s worst quarter since 2011. The prolonged slump was due to low prices for commodities such as oil, instability in China’s markets, and the anticipation that the U.S. Federal Reserve will soon raise interest rates.
In light of this number, how in the world is it possible that there is still anyone out there that is claiming that “nothing happened” over the past few months?
In China, they sure aren’t claiming that “nothing happened”. Chinese stocks are down about 40 percent from the peak of the market.
In Germany, they sure aren’t claiming that “nothing happened”. As of a few days ago a quarter of all German stock market wealth had been wiped out since the peak earlier this year.
Yes, things have been a bit milder in the United States. So far, stocks are only down about 10 percent or so, but we did see some truly remarkable things happen over the past three months. We witnessed the 8th largest single day stock market crash on a point basis in U.S. history, we witnessed the 10th largest single day stock market crash in U.S. history, and we witnessed the single greatest intraday stock market crash in all of U.S. history. On August 24th the Dow plunged 1,089 points before bouncing back.
But every time the markets have an up day there are all these people running around declaring that “the crash is over”. Well, that is not how financial markets work. They “stair-step” on the way up and they do the same thing on the way down.
And without a doubt, U.S. stocks still have a long, long way to go down.
The Dutch National Police have taken an interest in Blockchain-based cloud services. A presentation given over the summer reveals a new focus on Storj and Filecoin.
Members of the Dutch National Police and UNIJURIS gave a presentation in July titled “Technical and Legal Challenges of Criminal Law Enforcement in the Digital Age .” This is an update of a presentation given in 2013 titled “The merits & challenges of distributed least authority data storage.”
The presentations explain how cloud storage and file hosting “Data is cut up in a hundred pieces. Pieces are spread over a hundred servers, in dozens of countries, over a multitude of hosters.”
Both presentations explain how Mega (Mega Limited) replaced the controversial Megaupload cloud storage service. Megaupload was seized and shut down by the United States Department of Justice in January 2012 over copyright infringement claims.
Extradition hearings are currently underway for Megaupload founder Kim DotCom in New Zealand. When the original Megaupload site was seized, federal prosecutors stated, “This action is among the largest criminal copyright cases ever brought by the United States and directly targets the misuse of a public content storage and distribution site to commit and facilitate intellectual property crime.” However, Kim DotCom, founder of Megaupload and Mega, recently distanced himself from Mega, stating over the summer that he would not trust Mega with user data and that he intends to create a third version of the site.
by Sep 14, 2015 at 14:21 BST
Mexico’s Universidad de las Américas Puebla (UDLAP) reportedly became the first institution in Latin America to welcome bitcoin on campus last month, after a coffee shop began accepting payments in the cryptocurrency.
In so doing, the university joined a growing list of global higher education institutions which have also embraced the digital currency.
Here’s a run-down of some of the most crypto-friendly universities from across the globe.
1. Cyprus’ University of Nicosia
A few months later, UNIC – the largest independent university in Cyprus and one of the largest English language higher education institutions in Southern Europe – launched a free online course titled Introduction to Digital Currencies aimed at students wanting to gain a better understanding of bitcoin.
The university also offers a MSC in Digital Currency taught in English.
2. University of Cumbria
The University of Cumbria became the first university in the UK to accept bitcoin payments for two courses linked to the study of cryptocurrencies at the beginning of 2014.
Earlier this year, the university also announced the launch of a free online Masters-level course that would look at the future of money.
Targeting “monetary innovators and activists from any political persuasion”, the month-long initiative sought to explore the essence of money and how it has been interpreted over the last three millennia.
During the course, pupils reportedly explored the assumption somewhat prevalent in the bitcoin community that money is best understood as an asset with intrinsic value.
Sep 25, 2015
Russia’s Ministry of Finance has developed a new version of its proposed law that would seek to both outlaw and apply criminal penalties for activities involving digital currencies, according to a report by Russian news source Interfax.
Citing sources from within the Russian government, Interfax reports that acquiring, selling and distributing cryptocurrencies would be punishable with fines of 300,000 rubles ($4,574) or through up to 360 hours of correctional labor under the new bill.
Should such infractions be committed by an agency or group, the fines for such activities would increase to 500,000 rubles ($7,623).
The federal executive body responsible for government policy and regulation, the Ministry of Finance has been seeking to ban cryptocurrencies domestically since it introduced a draft bill in August of 2014. The measure was followed by a series of proposed fines in October, and comes amid a broader push to fight against capital flight.
via The Economic Collapse Blog
by Michael Synder
Sep 24, 2015
You would think that the simultaneous crashing of all of the largest stock markets around the world would be very big news. But so far the mainstream media in the United States is treating it like it isn’t really a big deal. Over the last sixty days, we have witnessed the most significant global stock market decline since the fall of 2008, and yet most people still seem to think that this is just a temporary “bump in the road” and that the bull market will soon resume. Hopefully they are right. When the Dow Jones Industrial Average plummeted 777 points on September 29th, 2008 everyone freaked out and rightly so. But a stock market crash doesn’t have to be limited to a single day. Since the peak of the market earlier this year, the Dow is down almost three times as much as that 777 point crash back in 2008. Over the last sixty days, we have seen the 8th largest single day stock market crash in U.S. history on a point basis and the 10th largest single day stock market crash in U.S. history on a point basis. You would think that this would be enough to wake people up, but most Americans still don’t seem very alarmed. And of course what has happened to U.S. stocks so far is quite mild compared to what has been going on in the rest of the world.
Right now, stock market wealth is being wiped out all over the planet, and none of the largest global economies have been exempt from this. The following is a summary of what we have seen in recent days…
#1 The United States – The Dow Jones Industrial Average is down more than 2000 points since the peak of the market. Last month we saw stocks decline by more than 500 points on consecutive trading days for the first time ever, and there has not been this much turmoil in U.S. markets since the fall of 2008.
#2 China – The Shanghai Composite Index has plummeted nearly 40 percent since hitting a peak earlier this year. The Chinese economy is steadily slowing down, and we just learned that China’s manufacturing index has hit a 78 month low.
#3 Japan – The Nikkei has experienced extremely violent moves recently, and it is now down more than 3000 points from the peak that was hit earlier in 2015. The Japanese economy and the Japanese financial system are both basket cases at this point, and it isn’t going to take much to push Japan into a full-blown financial collapse.
#4 Germany – Almost one-fourth of the value of German stocks has already been wiped out, and this crash threatens to get much worse. The Volkswagen emissions scandal is making headlines all over the globe, and don’t forget to watch for massive trouble at Germany’s biggest bank.
#5 The United Kingdom – British stocks are down about 16 percent from the peak of the market, and the UK economy is definitely on shaky ground.
#6 France – French stocks have declined nearly 18 percent, and it has become exceedingly apparent that France is on the exact same path that Greece has already gone down.
#7 Brazil – Brazil is the epicenter of the South American financial crisis of 2015. Stocks in Brazil have plunged more than 12,000 points since the peak, and the nation has already officially entered a new recession.
Sep 22, 2015
Now Refugees Are A Trickle Due To An Unjust System
This mass migration plan has been in the works for a long time, but they’re kicking it up several serious notches now, flooding the US borders while continuing to swarm European countries with any immigrants they can from a variety of cultures.
What and who is behind it?
Clearly staged US/NATO/Israeli sponsored terrorism and genocide are at work in the middle east, driving desperate people to seek asylum elsewhere, as the US mandates inviting in as many as possible over its southern border. And all in concert.
As usual, they give themselves away in their own documents and bloated speeches to their own inner circle. In particular, United Nations globalist fat cat Peter Sutherland, non-executive Chairman of Goldman Sachs and former BP CEO, never mind top Bilderberger and Trilateral Commission honcho, has come right out and stated their plan as plainly and arrogantly as possible.
In the coming “smart” future run by artificial intelligence, it has been predicted that robots will begin taking over most of the low- to medium-wage jobs first. Why? Because tech is increasingly cheap and doesn’t require any benefits or lunch breaks.
For example, eight out of the ten jobs that employ the most people in the U.S. and account for about 20% of our current workforce stand a greater than 90% (and in some cases a 98%) estimated chance of being replaced by a robot.
In other words, once the smart grid robo-future is fully instituted, millions across America and the world will likely lose their jobs to robots.
Now the first hotel run almost exclusively by robots has opened up in Japan… specifically to offset labor costs.
While a dino receptionist does the check-in and check-out for English-speaking visitors, a female android resembling a remote ancestor of the robotic servant from the “Humans” TV-series welcomes guests in Japanese. They are accompanied by an automated trolley that takes guests’ luggage to their room. A transparent locker system, called a “robot cloak room,” features a giant industrial-looking robotic arm.
During check-in, visitors still have to type in information on a touch panel screen. They will also have to get used to facial recognition technology replacing standard electronic keys.
The virtual concierge, a doll-like robot with voice recognition, is responsible for reminding guests of breakfast time and scheduled events. Moreover, there is a lamp-sized robot in every room, nicknamed Tuly for its fat, pink tulip shape, which can provide information on time and weather, turn the lights on and off, and even give guests a wake-up call.
Hideo Sawada, owner of the Henn na Hotel specifically said he made this move not because it’s a cool gimmick but in order to save on labor costs and create “the most efficient hotel in the world”.
Welcome to the trendy new future.
Yet another Chinese Chemical Plant Explodes Mysteriously as China Dumps A Record $94 Billion In US Treasurys In One Month
Sep 7, 2015
[osnetdaily] Editor’s Note…
Fourth strike ! Looks like all the “coincidence theories” can be put to rest now, as China Dumps A Record $94 Billion In US Treasurys In One Month. All those mysterious explosions must be related.
If you’re planning on travelling to China, we have two pieces of advice:
- Do not look like a short seller
- Do not go near any chemical factories
Failing to heed the first tip there could get you thrown in jail (or, as Man Group’s China chief Li Yifei calls it, sent on a “short vacation”).
The consequences of failing to follow the second piece of advice above could be, how should we put this… explosive.
via Stefan Molyneux
Aug 24, 2015
MP3 Download: http://www.fdrpodcasts.com/#/3058/sto…
Last week, the Dow Jones Industrial Average fell more than 1,000 points, its worst weekly performance in approximately four years. On Monday, the index plunged by over 1,000 points early – and closed the day down 588 points. In terms of the number of points lost, Monday August 24th, 2015 was the eighth-worst single-day loss in the index’s history.
A third of S&P 500 companies have declined over 20% from their peaks and many retain high valuations despite disappointing earnings numbers. The United States Dollar Index dropped the most it has in over 5 months today to seven month lows – losing against the Euro and Yen. Oil prices plunged, with the U.S. oil benchmark settling down 5.5% at $38.24 a barrel, its first close below $40 a barrel since February 2009.
Some analysis are blaming the China currency devaluation and the drop in the Shanghai Stock Exchange Composite Index – but what is really going on?
[Potent News editor’s note: Clint Richardson wrote an article called “Stop The Religion of the Fed“. He left a comment at his article which may be related to this discussion since the Fed was mentioned a number of times in the video above:
“Usury is an interesting bird, and I am completely against it on all angles. But there’s a bit more to it than the typical “money out of thin air” concept. As a man (male or female), you are in usefruct of government property. You use the surname, numbers, titles, credentials, and other benefits of being a person/citizen of government. Thus, since you are operating as something artificial that belongs to government, the usury is attached to the person, not you. You are bonded and in surety to that fictional person, and so the usury attached for the usage of the person falls on you. This participation is the cause of usury, and this is proven when a person/citizen files for bankruptcy, and the estate is wiped. Usury is nothing but the penalty for fools who take a debt upon a borrowed name. You can blame the bankers for usury, but it is you(the reader) that begs the bank to allow it to put you into usury. As for the mass amount of usury called seniorage that is attached to the U.S. Dollar, the use of the dollar is the cause. Using something else’s property will always be attached with a fine, generally a usurious one. Want to avoid usury, stop using other people’s things!
I wrote about the gold issue in my articles. It’s just another talking point, with absolutely no proof that any gold is missing. The gold in question is colateralized to the dollar, and has a set price of $42.2222, according to the audit (CAFR). Gold will not save you, because it’s not your gold.
The agency doesn’t need to lie, because the people wont take the time to look at the CAFR. It’s all there.
The interest on Federal Reserve Notes is paid each year back to the treasury. Everything is accounted for in the CAFR.
I think Ed Griffen is just as vested as anyone else in the fraud, and he just plagiarized much of it from men like Eustice Mullins.
Again, the whole point here is to stop demonizing one small part of government and to start understanding that government is the problem, not its hundreds of agencies.
via Stefan Molyneux
Aug 15, 2015
MP3 Download: http://www.fdrpodcasts.com/#/3049/the…
In 1964, President Lyndon Johnson declared an “unconditional war on poverty in America” – not simply to “relieve the symptom of poverty, but to cure it and, above all, to prevent it.” How has that worked out? Today there are over 126 Federal antipoverty programs and in constant dollars, Federal spending has risen from $107 billion to $688 billion – or 640%.
Total government spending has ballooned to $21,000 for every person below the poverty level in America, or $63,339 for a family of three. Since the war on poverty began, $19 trillion dollars have been spent ending poverty, but the poverty rate has increased. What is the Truth About Welfare?