Aussie Job MKT Not As Good As Govt. Said

[erudne]

The situation in Venezuela can't be true;
-Not a ripple about it in our Main Stream Media
-Bernie hasn't mentioned it in his speeches
-No Hollywood fundraisers
-The UN hasn't appointed Venezuela to run the World Bank

Obama was in love w/Venezuela and Cuba now it's just Cuba w/an Obama boycott of Ven. he's driving them NORTH just like he's driving the "Syrians" NORTH to Europe. Overwhelm the system and declare a world Caliphate w/him as the head

 

[erudne]

An Italian/American speaks to the corruption of the elite!
What is the state of the world economy - and what does the future hold? Gerald Celente joins Stefan Molyneux to discuss the growing wealth gap in the United States, the rise of negative interest rates, out of control central banks, the Military Industrial Complex, the fall of the political establishment, housing market trends, the role of China, stagflation in Japan, fiat currency wars, replacing income tax with tariffs and how economic collapse often leads to war!

Gerald Celente is the head of the Trends Research Institute and the publisher of The Trends Journal - earning a reputation as "today's most trusted name in trends" for accurate and timely forecasts. To subscribe to the Trends Research journal, please go to: http://www.trendsresearch.com

 

[erudne]

Venezuelan Police Unleash Tear-Gas, Rubber Bullets Amid Violent Anti-Government Protests

Submitted by Tyler Durden on 05/18/2016 15:20 -0400

The conflagration that is the collapse of a socilaist utopia continues to escalate in Venezuela today. With morgues overflowing, medicines running out, and apocalyptic scenes playing out across the nation, Venezuelans took to the streets of Caracas today - at the behest of the opposition - demanding a recall referendum to end Venezuelan President Nicolas Maduro's socialist rule. The troubled nations leader was not happy and security forces fired tear gas and shut subway stations to block the thousands of protesters.
Over the last two weeks, several provinces have hosted scenes of looting in pharmacies, shopping malls, supermarkets, and food delivery trucks. In several markets, shouts of "we are hungry!" echoed. On April 27, the Venezuelan Chamber of Food (Cavidea) reported that the country's food producers only had 15 days left of inventory.
PanamPost adds that lootings are becoming an increasingly common occurrence in Venezuela, as the country's food shortage resulted in yet another reported incident of violence in a supermarket — this time in the Luvebras Automarket located in the La Florida Province of Caracas.

Venezuelans lost control this week when <broken link removed>
Videos posted to social media showed desperate people falling over each other trying to get bags of rice. One user claimed the looting occurred because it is difficult to get cereal, and so people "broke down the doors and damaged infrastructure."
And now, as Reuters reports, in the third opposition rally in a week, several thousand protesters descended on downtown Caracas, witnesses said, planning to march to the national election board's headquarters...
But National Guard soldiers and police cordoned off the square where they planned to meet, so protesters milled instead in nearby streets waving flags and chanting anti-Maduro slogans.
Adultos mayores rompieron cordón policial en la Av.Libertador.pic.twitter.com/qIdiBO5GtW
— RCTV.net (@RCTVenlinea) May 18, 2016

Security forces used tear gas to control about 100 protesters in one street, witnesses said.



"They're scared. Venezuelans are tired, hungry," said demonstrator Alfredo Gonzalez, 76, who wore a scarf over his mouth and said he had been sprayed with pepper gas.

An anti-Maduro demonstration Wednesday also turned violent, with troops using tear gas to quell stone-throwing protesters and an officer pepper-spraying opposition leader Henrique Capriles.



...

Beyond the opposition's formal protest campaign, spontaneous street protests and looting are becoming more common around Venezuela amid worsening food shortages, frequent power and water cuts, and inflation that is the highest in the world.



During the weekend, Maduro declared a 60-day state of emergency, widening his powers to sidestep the legislature, intervene in the economy and control the streets, because of what he called U.S. and domestic plots against him.

Protester Jose Alirio, 48, said he had been a supporter of Chavez but was angry at Maduro. "The bread shops are empty," said Alirio, a bus conductor. "I'm close to robbing. This man has to fix things or he should go."

Haydee Teran, a 48-year-old housewife who had been lining up for hours at the supermarket hoping to buy some scarce essentials, said Guarenas officials ordered that half of the food deliveries heading to shops and markets be instead diverted for local distribution.

"This decree isn't solving anything," Teran told AFP, showing a video of the incident she posted on Twitter.

"What the people want is food. There hasn't been looting, but we are closing the streets to protest," she said.

Authorities also closed subway stations in Caracas on Wednesday in another measure to impede the protesters.As AFP adds, the head of the Venezuelan Observatory for Social Conflict, Marco Ponce, told AFP that his non-governmental organization had counted 107 instances of looting and attempted looting in the first three months of the year. There have been hundreds of small street protests, he said.
Seventy percent of Venezuelans want a change of government, according to a poll by the firm Datanalisis.

Lopez is among them, but she doesn't want to see current opposition figures take over, remembering some of them as greedy and arrogant when they held the reins before Chavez's rule.

"It's best that others step in to govern -- but not those squalid bastards, not them either," she said.

A man in line yells out sardonically that "the socialist bread is coming," provoking a ripple of comments and grumbles from others in the long bread line.

"They are going to fall! They are going to fall!" residents chant from windows above the bakery.
The crowd is growing despite police action...
imágenes de la maecha esta si es una marcha Maduro el pueblo te dice FUERAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAA#Caracas pic.twitter.com/jKCH9UtLqF
— NoticiasSimonBolivar (@NoticiasSB1) May 18, 2016
"Hay planes para convertir las marchas en Caracas en eventos violentos" https://t.co/sJyKgeomoE pic.twitter.com/lYQQVK5Md0
— Alba Ciudad 96.3 FM (@albaciudad) May 18, 2016
Av Libertador Caracas 12:30 pm gases lacrimógenos contra manifestantes q arrojan piedras y botellas a PNB pic.twitter.com/GPsgiTkSdf
— Ernesto J. Tovar (@ernestojt) May 18, 2016
As we concluded, previously, Social Collapse Is Inevitable
With the economy dead, the only thing remaining is to watch as society implodes. To that end, Oscar Meza, Director of the Documentation Center for Social Analysis (Cendas-FVM), said that measurements of scarcity and inflation in May are going to be the worst to date. "We are officially declaring May as the month that [widespread] hunger began in Venezuela," he told Web Noticias Venezuela. … "As for March, there was an increase in yearly prices due to inflation — a 582.9 percent increase for food, while the level of scarcity of basic products remains at 41.37 percent."

"We are officially declaring May as the month that hunger began
in Venezuela," says an NGO that measures inflation and scarcity
Meza said the trigger for the crisis is the shortage of bread and other foods derived from wheat.
"Prices are so high that you can't buy anything, so people don't buy bread, they don't buy flour. You get porridge, you see the price of chicken go up and families struggle … lunch is around 1,500 bolivars… People used to take food from home to work, but now you can't anymore because you don't have food at home."
The is why, Español Ramón Muchacho, Mayor of Chacao in Caracas, said the streets of the capital of Venezuela are filled with people killing animals for food. "Muchacho reported that in Venezuela, it is a "painful reality" that people "hunt cats, dogs and pigeons" to ease their hunger."
Subsquently, Muchacho warned that Caribbean islands and Colombia may suffer an influx of refugees from Venezuela if food shortages continue in the country.
"As hunger deepens, we could see more Venezuelans fleeing by land or sea to an island," Muchacho said.
And that is how all socialist utopias always end.
* * *
Meanwhile, as civil war appears inevitable, as previously reported there are factions vying to oust Maduro, although we are confident the dictator will hang on for dear life (literally) and force his population to endure more of this socialist nightmare. One can only hope that these shocking scenes remain relegated to the streets of offshore socialist paradises, although Americans should always prepare for the worst in case they eventually manage to make their way into the country.

 

[erudne]

 

[whiskeybill]

Prepare for more "refugees".

 

[Sstrand]

Before too long U. S. citizens will be the refugees!

Sheldon

 

[erudne]

Before too long U. S. citizens will be the refugees!

Sheldon

I think we are already there, PPL are fleeing California and border states

 

[erudne]

People In Venezuela Scrounging Garbage For Food, But No Shortage On Oppression…

 

[erudne]

Venezuela, Where A Hamburger Is Officially $170 Dollars


Caracas (AFP) – If a visitor to Venezuela is unfortunate enough to pay for anything with a foreign credit card, the eye-watering cost might suggest they were in a city pricier than Tokyo or Zurich.

A hamburger sold for 1,700 Venezuelan bolivares is $170, or a 69,000-bolivar hotel room is $6,900 a night, based on the official rate of 10 bolivares for $1.

But of course no merchant is pricing at the official rate imposed under currency controls. It's the black market rate of 1,000 bolivares per dollar that's applied.

But for Venezuelans paid in hyperinflation-hit bolivares, and living in an economy relying on mostly imported goods or raw materials, conditions are unthinkably expensive.

Even for the middle class, most of it sliding into poverty, hamburgers and hotels are out-of-reach excesses.

"Everybody is knocked low," Michael Leal, a 34-year-old manager of an eyewear store in Caracas, told AFP. "We can't breathe."

Keep reading…

 

[erudne]

Moody's Downgrades Deutsche Bank's Debt Two Notches Above Junk

I would suggest that DB is a structural wall for the entire building.

But what do I know.

 

[erudne]

Police Fire Tear Gas As Hundreds Of Venezuelans Chant Outside Presidential Palace, "We Want Food!"


Stores have no more food and people are picking thru the garbage to have things to eat.

Via Reuters:

Venezuelan security forces fired teargas at protesters chanting "We want food!" near Caracas' presidential palace on Thursday, the latest street violence in the crisis-hit OPEC nation.

Hundreds of angry Venezuelans heading toward Miraflores palace in downtown Caracas were met by National Guard troops and police who blocked a major road.

President Nicolas Maduro, under intense pressure over a worsening economic crisis in the South American nation of 30 million, had been scheduled to address a rally of indigenous groups nearby around the same time.

The protest spilled out of long lines at shops in the area, witnesses said, after some people tried to hijack a food truck.

"I've been here since eight in the morning. There's no more food in the shops and supermarkets," one woman told pro-opposition broadcaster Vivoplay.

"We're hungry and tired."

Keep reading…

 

[erudne]

US Hiring Grinds To A Near-Halt; Many Stop Looking For Work…


Not what Obama said in Elkhart, Indiana…

Via <broken link removed>

U.S. hiring slowed to a near-standstill in May, sowing doubts about the economy's health and complicating the Federal Reserve's efforts to raise interest rates.

While unemployment slid from 5 percent to 4.7 percent, the lowest since November 2007, the rate fell for a troubling reason: Nearly a half-million jobless Americans stopped looking for work and so were no longer counted as unemployed.

Employers added just 38,000 jobs in May, the fewest in over five years.

Less-educated workers bore the brunt of the hiring slump, with a quarter-million high school dropouts losing their jobs in May. That has perpetuated a long-term trend toward a two-tiered job market, with college-educated adults more likely to be employed and earning steady raises.

"The shockingly low payrolls gain in May provides further evidence that the economy is showing clear signs of slowing," said Laura Rosner, an economist at BNP Paribas.

The much-weaker-than-expected figure raised doubts that the Federal Reserve will increase short-term interest rates at its next meeting in mid-June or perhaps even at its subsequent meeting in July. Many analysts had expected an increase by July.

On Wall Street, the Dow Jones industrial average closed down 32 points, for a loss of 0.2 percent.

The disappointing report spilled into the presidential race, with Donald Trump referring to it on Twitter as a "terrible jobs report" and a "bombshell." The figures come just days after President Barack Obama touted his economic record in Elkhart, Indiana.

Americans particularly worried about the economy have been more likely to support outsider candidates such as Trump and Democratic Sen. Bernie Sanders.

Trump's support has also come disproportionately from adults without college degrees, and Friday's report served as a stark reminder that less-educated Americans have continued to lose economic ground even as overall hiring and growth have picked up since the Great Recession.

Essentially all of the 7 million jobs added over the past decade belong to workers with at least some college experience. The number of high school graduates with jobs is 3 million lower than 10 years ago.

"The high school jobs are gone and they're not coming back," said Anthony Carnevale, director of the Georgetown University Center on Education and Workforce. "It's driven by a fundamental shift from an industrial economy to a post-industrial economy."

Craig Lloyd, 27, has mostly worked part-time jobs in restaurants in Wichita, Kansas, since graduating from high school 10 years ago. Some paid as little as minimum wage, while his most recent position as a sous-chef paid $12 an hour.

Three months ago, he started his own business selling burritos out of a friend's food truck on weekends.

His wife is returning to school to get her degree, but he doesn't plan to do so himself. "I've really put off getting a higher education, because of the debt that you can incur," Lloyd said.

<broken link removed>

 

[erudne]

Q: What is the difference between Venezuela and the United States?

A: About ten years.

— Comrade Ushanka.

RTWT.

Really.

 

[erudne]

No More "Fun in Acapulco"
June 7, 2016 by TNO Staff— in Latin America · 3 Comments
The former international tourist holiday hotspot of Acapulco in Mexico has collapsed into a drug-gangster and crime-ridden Third World hellhole—and is now one of the most dangerous cities in the world.

Only a few decades ago, Acapulco was a place where celebrities and ordinary vacationers alike would retreat for "fun in the sun," and an Elvis Presley movie was even filmed there.



Now, however, as reported by the Deutsche Presse Agentur (dpa), Acapulco's reputation as a vacationers' paradise has come to a "bloody end."

 

[erudne]

Things are not going well in socialist Venezuela. There are shortages of almost everything, and the country's already high rate of violence appears to be ramping up even more.
Rather than enact any kinds of free-market reforms that might end the crisis, however, the Venezuelan government is instead banning the media from showing images of the lynchings taking place.

Venezuela's Supreme Court on Wednesday banned media from publishing videos of lynchings, saying they create "anxiety and uncertainty" in a country ravaged by violent crime and an economic crisis.The OPEC nation's society is in upheaval amid triple-digit inflation, a deep recession and brutal shortages of food and medicine. As Venezuelans have grown increasingly angry at frequent thefts, hold-ups and homicides, mob beatings and lynchings have increased in the country, which is already one of the world's most violent.
Gory videos of mob justice or photos of bloody corpses sometimes make the rounds on social media. President Nicolas Maduro's socialist government says the footage is part of a larger plan to sully his administration and stoke unrest in an attempt to unseat him.
In its statement, the top court, which Venezuela's opposition accuses of being subservient to Maduro, singled out two digital outlets, but said the ban applies to all media.
Sponsored

Socialism can only thrive if they can control the narrative. Correction: they can only give the illusion of thriving if they control the narrative.
Of course, it would be far more productive to start rolling back the policies that led to this complete and total dumpster fire of an economy. Oppressing media freedom won't help with that.
Then again, the court is pretending like that's not the case:

Media have the right to journalistically express a news event ... but these rights should not create anxiety and uncertainty in the population.
Unfortunately for both the court and Maduro, it's not the news events causing anxiety and uncertainty. It's the lack of basic necessities like food, medicine, and even toilet paper.
Maduro and his fellow socialists would prefer to blame the CIA for his country's woes than recognize his country is following an old, established pattern for socialist nations. The CIA didn't have to do anything. Maduro and his fellow travelers have done it all.

 

[erudne]

German Bonds Go Negative with surge in support for Brexit

• Investors looking for safe havens to park their cash as interest rates low
• Money pushed into German government bonds has caused price to rise
• Now the secure bonds are costing investors as they don't pay money back

By Matt Hunter For Mailonline

Published: 09:02 EST, 14 June 2016 | Updated: 09:07 EST, 14 June 2016

(The Trouble W/Socialism Is That Your Run Out Of Other People's Money)

Read more: http://www.dailymail.co.uk/news/article-3641042/German-bonds-negative-time-investors-panic-surge-support-Brexit.html#ixzz4BZCWiOZS
Follow us: @MailOnline on Twitter | DailyMail on Facebook

 

[erudne]

No more income inequality! Everyone is equally starving.

Via Vice:

Venezuela's military has taken control of security in the coastal city of Cumaná after the latest bout of looting and food riots that led to the arrest of 400 people, many of them minors.

Violence engulfed the Caribbean city on Tuesday as looters swarmed over 60 shops after a rally of protesters demanding food got out of control.

Milagros Paz, an opposition legislator from the area, told reporters on Wednesday that one person died and 25 people were injured in the clashes. Unconfirmed social media reports have claimed there were several deaths.

Sucre's governor, however, said that none of the alleged deaths were related to the unrest, at the same time as he announced a ban on the use of motorcycles in the city for the next three days.

"There were only 400 people arrested and the deaths were not linked to the looting," Luis Acuña, from the ruling Socialist Party, told Globovisión. The governor blamed the violence on vandals paid to wreak havoc by right-wing politicians.

With desperate crowds of people chanting "We want food!," protests and melees at shops have spread across Venezuela in recent weeks, fueled by severe shortages. Three people were shot dead in separate incidents last week, with a policeman and a soldier arrested in two cases.

Keep reading…

 

[erudne]

Canada's Debt Crisis: Debt-to-Income Level Stays Near Record High

Canadians from British Columbia to Nova Scotia are facing a personal debt crisis. In a low-rate environment and a weak national economy, Canadians are taking on too much debt, and the levels are nearing record highs.

According to new data from Statistics Canada, the debt-to-income ratio in the first quarter of 2016 was 165.3 percent. Simply put: households are $1.65 in debt for every dollar of disposable income. This is close to the 165.4 record high at the end of last year.

The net worth of Canadians declined 1.5 percent to $7.47 trillion…

Why are Canadians in so much debt? They're taking on more mortgage debt — Canada's housing market is skyrocketing, particularly in Vancouver, Toronto, Ottawa and Montreal.

[Comment: Housing bubble is reaching insanity. When it pops it will be ugly. Does not help that pretty much all Canadian media and politics is communist. There is only one agenda ever presented — the globalist agenda.]

 

[erudne]

Switzerland withdraws application to join the EU

Proponents of the motion want to bring clarity to EU-Switzerland relations.
By Hortense Goulard
6/15/16, 6:59 PM CET
Updated 6/16/16, 2:11 PM CET



The Swiss parliament on Wednesday voted to officially withdraw the country's dormant application to join the European Union.
Following a vote in the lower house, the government will now tell the EU to "consider [the application] as withdrawn," Swiss Foreign Minister Didier Burkhalter was quoted as saying by the Neue Zürcher Zeitung.



Burkhalter had earlier said the application, which was sent to the European Economic Community in 1992, was already invalid.
In 1992, the Swiss <broken link removed> joining the European Economic Area, of which Iceland, Norway and Lichtenstein are members, giving them access to the EU single market.
At the time, the Swiss government saw EEA membership as a precursor to joining the EU, and the Swiss application for EU membership has remained dormant ever since.

http://www.politico.eu/article/switz...o-join-the-eu/

 

[erudne]

Going over the slide faster now. Where is the left, decrying these conditions?

CUMANÁ, Venezuela — With delivery trucks under constant attack, the nation's food is now transported under armed guard. Soldiers stand watch over bakeries. The police fire rubber bullets at desperate mobs storming grocery stores, pharmacies and butcher shops. A 4-year-old girl was shot to death as street gangs fought over food.

Venezuela is convulsing from hunger.

Hundreds of people here in the city of Cumaná, home to one of the region's independence heroes, marched on a supermarket in recent days, screaming for food. They forced open a large metal gate and poured inside. They snatched water, flour, cornmeal, salt, sugar, potatoes, anything they could find, leaving behind only broken freezers and overturned shelves.

Keep reading…