BYE BYE MIDDLE CLASS: THE RATE OF HOMEOWNERSHIP IN THE UNITED STATES HAS HIT THE LOWEST LEVEL EVER (Source theeconomiccollapseblog.com) The percentage of Americans that own a home has fallen to the lowest level ever recorded. During the second quarter of 2016, the non-seasonally adjusted homeownership rate fell to just 62.9 percent, which was exactly where it was at when the U.S. Census began publishing this measurement back in 1965. This is not what a “recovery” looks like. All throughout the Obama years, the percentage of Americans that own a home has gotten smaller and smaller and smaller. The reason for this, of course, is that the middle class in America is dying. Last year, we learned that middle class Americans now make up a minority of the population for the first time ever. In order to have a high rate of homeownership, you need a thriving middle class, and you can’t have a thriving middle class without good paying middle class jobs. This is why I write about the evisceration of the middle class so extensively, because the U.S. economy is systematically being hollowed out and most Americans don’t understand what is happening. In America today, nobody has a job in one out of every five families.
At this moment, 102 million working age Americans do not have a job.
According to the Social Security Administration, 51 percent of American workers currently make less than $30,000 a year. In 1970, the middle class brought home approximately 62% of all income. Today, that number has plunged to just 43 %. There are so many families out there that are really struggling right now, and more than two-thirds of all Americans believe that the country is on the wrong track. I would like to tell you that happy days are here again and that the best times for America are just around the corner, but unlike the politicians at the Republican and Democratic national conventions, I am not going to lie to you. Very rough times are coming, and things are going to get much harder for the middle class. Plan accordingly, and get prepared while you still can.
GERMAN “OFFICIALS” CALL TO CHANGE CONSTITUTION AFTER MUNICH SHOOTING; MILITARY ON STREETS, GUN CONTROL (Source blacklistednews.com)The bodies of the victims of Munich’s recent mass shooting barely cold, German “authorities” and politicians have wasted no time in calling for more police state measures and the further clamp down on access to gun ownership in Germany. Bavarian Interior Minister Joachim Hermann is now pushing for going so far as to revise the German Constitution so that limits placed on using the military domestically can be removed, allowing the German military to be used inside Germany for “large-scale terrorist situations.” The limits on Germany’s military were put in place after World War II and in response to Germany’s experience with the Nazi regime with all its excesses, totalitarianism, violence, and genocide. Hermann stated that Germany is “an absolutely stable democracy” and, as such, Germans should be perfectly fine with having their military deployed on German streets. Baden-Wurttemberg’s Interior Minister also hinted at the possibility of changing the German Constitution in a manner similar to Hermann. There was, of course, little doubt that communo-fascist elements of the German government would immediately begin to seize upon the crisis – real or engineered by intelligence agencies – in order to push for greater totalitarian control over the German people. Regardless of the nature of the attacks, it is clear that the German government is not letting it go to waste.
Is Another European Banking Crisis Imminent? (Source thetrumpet.com)
Germany’s most important bank and Italy’s entire banking system seem on the brink of total meltdown. Europe’s banks are in huge trouble—sitting on the brink of triggering not just a European crisis, but a global one. Leading the way is Germany’s Deutsche Bank. Germany’s most prestigious and influential financial institution is on the brink of disaster. Its share price has gone from nearly €120 (US$133) a share before the 2008 financial crisis to nearly €12 a share today—a 90 percent drop. The bank has been fined $2.5 billion for manipulating the LIBOR rate. It was forced to spend $8 billion on litigation. It owns $46.5 trillion of derivatives. The bank lost $7.4 billion last year. Its chief financial officer has said he expects bank losses to continue until 2018 at the earliest. This year, it seems set to lose even more than in 2015. It’s no wonder, then, that the International Monetary Fund (IMF) recently declared Deutsche Bank the most dangerous bank in the world. Among globally systemically important banks, “Deutsche Bank appears to be the most important net contributor to systemic risks,” the IMF wrote in a report published on June 30. The United States Federal Reserve recently found that the American branch of Deutsche Bank and the U.S. arm of Spanish bank Santander were the only banks to fail its stress tests. The bank is teetering on the brink of bankruptcy. It has $1.82 trillion in assets and $1.75 trillion in liabilities. With just a slight shift of a few percentage points, the bank is literally less than worthless. To make matters worse, Deutsche Bank is at the foundation of Germany’s entire economic system.
Answering the US and NATO: Experts Examine A Joint Missile System for China, Russia, and the Shanghai Cooperation Organization (Source sputniknews.com)
Russia and China may create a unified missile defense system for the Shanghai Cooperation Organization. That’s the conclusion of experts speaking at a forum dedicated to the US deployment of the THAAD (Terminal High Altitude Area Defense) anti-ballistic missile system in South Korea. What would the Russian-Chinese system look like? Sputnik investigates. On Monday, experts in Moscow and Beijing spoke via video conference on the implications for regional security of the US deployment of missile defense systems in South Korea. And while the forum focused mostly on political and military implications of the THAAD deployment, experts also intrigued observers by indicating that it was possible for Russia and China to join together to create a single missile defense shield over the entirety of the Shanghai Cooperation Organization, the political, economic and military organization involving much of eastern Eurasia.
Regarding the THAAD deployment, Moscow has repeatedly indicated that it was categorically opposed to the move. THAAD, capable of monitoring ballistic and aerial targets at distances of up to 1,500 km, is expected to give the US military the capability to ‘see’ into the territory of the Russian Federation, and even further into that of China. Speaking at the video conference, Vladimir Petrovsky, a senior researcher at the Moscow-based Center for the Studies and Forecasting of Russia-China Relations at the Institute for Far Eastern Studies, explained that the potential for a joint missile defense shield exists. Moreover, such a shield would be entirely appropriate given recent US moves, from its deployment of missile shield components in Eastern Europe to the deployment of THAAD in South Korea. “Russia and China could become the driving force in the area of missile defense. Special attention should be paid to the land-based interception systems which we have at our disposal,” the analyst said.
SIGN OF THE TIMES: RIOT CONTROL GEAR SALES ARE SOARING GLOBALLY (Source blacklistednews.com) If you pay attention to the news at all, it probably seems like the world has been fraying at the edges lately. In South America, Brazil’s economy is crumbling and Venezuela is on the verge of collapse. In the United States, riots are expected at political conventions. In Europe, the Brexit vote is threatening to tear apart the EU and the UK. And all over the world, people are becoming sick and tired of the status quo. In nearly every single country, people are losing their faith in major institutions and, in increasing numbers, they are losing their trust in the financial and political elitists who run those institutions. Obviously, this state of affairs can’t continue indefinitely. There is a flashpoint somewhere down the road, when the people of the world reach their breaking point, and the elitists who run their societies will do everything they can to hold onto their power. It’s going to be ugly, and it’s going to be global in scope. The governments of the world clearly know what’s coming. That’s why they’re stocking up on riot gear at an unprecedented rate. We know this because globally, sales of riot gear are rapidly growing. Currently, the market is dominated by North American companies, due to technological advancement and growing fears of terrorism and civil unrest. The report forecasts, however, that over the coming years, Asian-Pacific and Middle Eastern markets will grow at the highest rate. Current popular products for handling unrest without inflicting lethal harm include offensive and defensive weapons, electromagnetic and sonic weapons, kinetic impact weapons, chemical agents, and more. Of the weaponry available on the market, directed energy weapons (a subset of offensive weapons) is projected to grow at the highest rate, including what are termed active denial systems (ADS) or “pain rays.” And that’s not all. Wealthy Americans from Chicago to the Silicon Valley are buying rural compounds that they can escape to if civil unrest occurs. Companies that produce luxury bomb shelters are seeing widespread interest, and the wealthy who are still living in major cities are building panic rooms in their luxury apartments. Clearly, the people who are in the know are getting ready for something big. The elitists who run the governments of the world are hunkering down. They’re preparing their police forces to deal with widespread civil unrest, and they preparing to protect themselves as well.
Beijing sends nuclear capable H-6K bomber over Scarborough Shoal in new South China Sea escalation (Source news.com.au) BEIJING has sent the US a message in the skies above the South China Sea: Anything you can do, we can do too. It’s just flown a nuclear-capable bomber over Scarborough Shoal. The United States has conducted several B-52 bomber ‘freedom of navigation’ flights over the contested waterway in recent months, along with flights by surveillance and patrol aircraft. Beijing on Friday returned the favour. The People’s Liberation air force (PLAAF) at the weekend released photographs of one of its newest H-6K long-range nuclear-capable bombers overflying Scarborough Shoal on China’s Weibo social media service. The aircraft, based on a 1950s Russian design, is capable of delivering nuclear weapons throughout Asia. The shoal is occupied by the Philippines, but China claims the outcrop as part of its ‘Nine-Dash Line” territory under the name of Panatag Shoal. On Friday, the same day as the bomber overflight, four Chinese Coast Guard vessels blocked Filipino fishermen from accessing Scarborough waters. The incidents came just days after an international arbitration court in The Hague rejected Beijing’s claim to territorial sovereignty over the vast majority of the South China Sea. The challenge, issued by Manila, had been rejected as invalid by China which refused to take part in proceedings.
German firms want an over €2 billion stake in Russian high-speed railway (Source rt.com) A consortium of major German companies has offered an over €2 billion investment in the Moscow-Kazan high-speed railway, Kommersant daily reported citing its sources. According to them, officials from Russian Railways (RZD) met with the head of Siemens Russia and CIS Dietrich Meller this month. They discussed the possibility of €1.5 billion investment in the railway construction with an additional €700 million for the purchase of rolling stock. Siemens along with Deutsche Bank, Deutsche Bahn and other major companies are part of the German Initiative Group consortium. Siemens has said it is ready to provide an enhanced version of the high-speed Sapsan train for the new railway. The Moscow-Kazan route is planned as part of a network of high-speed lines to be built by the time Russia hosts the football World Cup in 2018. China has already expressed an interest in funding the Russian project, saying it will put in up to $6 billion. Beijing considers the Moscow-Kazan project not only as an investment, but also as a way to boost communication and trade with Russia and Europe.
BATON ROUGE SHOOTER HAD PTSD, PRESCRIBED MULTIPLE MEDS WITH SIDE EFFECTS OF HOMICIDAL THOUGHTS (Source thefreethoughtproject.com)
On his 29th birthday, a Missouri man, and honorably discharged Marine, Gavin Long, engaged in a deadly shootout with police. His murderous rampage left three Baton Rouge police officers dead and three others injured. GAVIN LONG HAD PTSD. According to CNN, a source involved in the investigation of the murders told them Long had PTSD. They also told CNN Long was on multiple medications and had just recently filled his prescriptions.
Two of the prescription medications prescribed to Long, Lunesta and Ativan, have an extended list of adverse side effects. Both Lunesta and Ativan have overlapping side effects of aggression, agitation, changes in behavior, hallucinations, suicidal thoughts — and homicidal ideation. Homicidal ideation is a common medical term for thoughts about homicide. There is a range of homicidal thoughts which spans from vague ideas of revenge to detailed and fully formulated plans without the act itself. To discount Long’s use of these drugs would be grossly irresponsible. Suicide, birth defects, heart problems, hostility, violence, aggression, hallucinations, self-harm, delusional thinking, homicidal ideation, and death are just a few of the side effects caused by the medication Long was reportedly taking. There have been 150 studies in 17 countries on antidepressant-induced side effects. There have been 134 drug regulatory agency warnings from 11 countries and the EU warning about the dangerous side effects of antidepressants. Despite this deadly laundry list of potential reactions to these medications, their use has skyrocketed by 400% since 1988. Currently, 11% of all Americans 12 years of age and over take antidepressant medication, which is a higher rate than all other countries in the world. There are certainly people of all ages that can benefit from certain prescription medication. However, the most worrisome aspect of Long’s ties to this medication is that the majority of mass shooters in recent U.S. history have links to these same meds. This is not some conspiracy theory either. The side-effects listed by the drug companies themselves include delusional thinking, suicide, and homicidal ideation. One single psychiatric medication prescribed to help people quit smoking has been tied to an epidemic of aggression and suicide.
It’s Official: Hillary Clinton Is Running Against Vladimir Putin (Source theatlantic.com) The Republican nominee for president, Donald J. Trump, has
chosen this week to unmask himself as a de facto agent of Russian President
Vladimir Putin, a KGB-trained dictator who seeks to rebuild the Soviet empire by undermining the free nations of Europe, marginalizing NATO, and ending
America’s reign as the world’s sole superpower. I am not suggesting that Donald Trump is employed by Putin—though his campaign manager, Paul Manafort, was for many years on the payroll of the Putin-backed former president of Ukraine, Viktor Yanukovych. I am arguing that Trump’s understanding of America’s role in the world aligns with Russia’s geostrategic interests; that his critique of American democracy is in accord with the Kremlin’s critique of American democracy; and that he shares numerous ideological and dispositional proclivities with Putin—for one thing, an obsession with the sort of “strength” often associated with dictators. Trump is making it clear that, as president, he would allow Russia to advance its hegemonic interests across Europe and the Middle East. His election would immediately trigger a wave of global instability—much worse than anything we are seeing today—because America’s allies understand that Trump would likely dismantle the post-World War II U.S.-created international order. Many of these countries, feeling abandoned, would likely pursue nuclear weapons programs on their own, leading to a nightmare of proliferation. Trump’s sympathy for Putin has not been a secret. Trump said he would “get along very well” with Putin, and he has pleased Putin by expressing a comprehensive lack of interest in the future of Ukraine, the domination of which is a core Putinist principle. The Trump movement also agrees with Putin that U.S. democracy is fatally flawed. A Trump adviser, Carter Page, recently denounced—to a Moscow audience—America’s “often-hypocritical focus on democratization, inequality, corruption and regime change.” Trump’s operatives watered down the Republican Party’s national-security platform position on Ukraine, removing a promise to help the Ukrainians receive lethal aid in their battle to remain free of Russian control. Donald Trump, should he be elected president, would bring an end to the postwar international order, and liberate dictators, first and foremost his ally Vladimir Putin, to advance their own interests. The moral arc of the universe is long, and, if Trump is elected, it will bend in the direction of despotism and darkness.
Americans Think Race Relations Are at Their Worst Point in Years, Poll Finds Source time.com) Americans believe that racial discontent is at the highest point since the Obama presidency began, with 69 percent of respondents in a new poll saying race relations in the country right now are poor. The New York Times and CBS conducted the poll from Friday through Tuesday, the period directly after the killings of Alton Sterling, Philando Castile and five police officers in Dallas. The poll also found that 6 out of 10 respondents thought race relations in America are getting worse — a marked increase from 38 percent who said the same a year ago, the Times reports. The poll surveyed 1,600 people throughout the United States. The racial strife found in the poll matches the levels recorded during the riots in Los Angeles in 1992 over the Rodney King beating case.
FBI, Homeland Security chiefs preparing for violence at political conventions (Source Reuters)
U.S. Homeland Security Secretary Jeh Johnson and FBI Director James Comey told lawmakers on Thursday that they were preparing their agencies for the possibility of violence, both from unruly demonstrators and terrorists, at the upcoming Republican and Democratic nominating conventions.
Speaking before the House Homeland Security Committee, Johnson said he was concerned that demonstrations at the events could get out of hand. In an interview with Reuters following his testimony, Johnson said he knew of no specific or credible threat to either convention but that it was important to be prepared. Johnson said the Department of Homeland Security would be sending more than 3,000 personnel to each convention. Recent clashes between attendees and protesters at rallies for presumptive Republican presidential nominee Donald Trump have led to physical assaults and arrests. The Republican National Convention being held July 18-21 in Cleveland and the Democratic National Convention in Philadelphia from July 25-28 follow a string of high-profile shootings.