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Tuesday, May 13, 2014

Former Treasury Secretary Claims Obama White House Instructed Him to Mislead Americans on This Topic

Former Treasury Secretary Timothy Geithner says he was instructed by the Obama White House to say things he didn’t believe on the Sunday morning news shows.



In this July 25, 2012, file photo, then-Treasury Secretary Timothy Geithner testifies on Capitol Hill in Washington. (AP)

“I remember during one Roosevelt Room prep session before I appeared on the Sunday shows, I objected when Dan Pfeiffer wanted me to say Social Security didn’t contribute to the deficit. It wasn’t a main driver of our future deficits, but it did contribute. Pfeiffer said the line was a ‘dog whistle’ to the left, a phrase I had never heard before,” Geithner reveals in his new memoir, “Stress Test.”

“He had to explain that the phrase was code to the Democratic base, signaling that we intended to protect Social Security,” he added.

The former Treasury Secretary’s claim comes shortly after declassified White House emails revealed last month that the Obama administration coordinated with National Security Adviser Susan Rice after the 2012 assault on U.S. facilities in Benghazi, Libya, to portray the attacks as being “rooted in [an] Internet video” and not “a broader failure of policy.”

Credit to The Blaze

Russia tells Ukraine to pay gas debt or supplies may halt



Russia's state energy giant Gazprom has said it may halt natural gas shipments to Ukraine on 3 June unless the country pays in advance for supplies.

Gazprom boss Alexei Miller said the move was because of outstanding debts.

If there is no payment by the deadline then "Ukraine will receive zero cubic metres [of gas] in June," Russian news agency Interfax reported.

And Prime Minster Dmitry Medvedev said on Russian TV saying they could no longer "nanny" Ukraine.

IMF money

Mr Miller said Ukraine must pay in advance for its June deliveries because of debts amounting to $3.51bn (2.55bn euros; £2.1bn).

His comments were made during a meeting with Mr Medvedev.

The Russian president said that Kiev could dip into its IMF aid package and questioned Ukraine's refusal to do so until now.

"According to our information, Ukraine has received money from the first IMF tranche," he said.

Ukraine has refused to cover its obligations in protest over Moscow's decision to nearly double the price it charges Kiev for gas imports.

Ukraine's Finance Minister Oleksandr Shlapak had earlier said on Monday that the county was willing to cover its outstanding payment as soon as Russia lowered its price.

Credit to BBC

US Holds Massive Nuclear Weapons Exercise "To Deter And Detect Strategic Attacks" Days After Russian Drill




Late last week, in what should not have been a surprise to anyone (because supposedly it was announced "far in advance") but was a major shock due to its intensity and expansiveness, Russia held a massive "simulated massive nuclear attack" drill, coming at a time just ahead of the Donetsk referendum, which may have been pre-scheduled and for foreign policy reasons was hailed as a "non-event", but judging by the amount of production that went into the accompanying video clip, this particular drill was dripping with symbolism aimed squarely at NATO and the US.
So now it is America's turn to retaliate. As the U.S. Strategic Commandreported earlier, the US will conduct Exercise Global Lightning 14 from May 12-16 in coordination with other combatant commands, services, and appropriate U.S. government agencies "to deter and detect strategic attacks against the U.S. and its allies."
Stratcom was quick to point out that Exercise Global Lightning 14 has been planned for more than a year and is based on a notional scenario.  It also added that the "timing of the exercise is unrelated to real-world events" but only those who believed that Russia massive nuclear drill was also unrelated to world will fall for this particular embellishment. As Defense One observes, according to Mark Schneider, a former U.S. Defense Department nuclear strategy official, told the Washington Free Beacon that Russia’s drill last week seemed aimed at sending a message of “nuclear intimidation” to the United States and NATO over Ukraine. He noted that Moscow typically stages its atomic exercises in the fall.
Meanwhile, Romania on Saturday sought clarification from Russia on its official policy following a tweet from a high-profile Russian minister that warned he might try to enter Romanian air space in a heavy bomber, Reuters reported.

After a plane he was a traveling in was blocked from entering Romanian air space, Russian Deputy Prime Minister  Dmitry Rogozin sent out a tweet that stated, “Upon U.S. request, Romania has closed its air space for my plane. Ukraine doesn’t allow me to pass through again. Next time I’ll fly on board Tu-160.” Rogozin, who supervises his country’s large weapons industry, is under U.S. and European Union sanctions.

The Romanian foreign ministry requested that Russia specify whether the deputy prime minister’s tweet represented “the Russian Federation’s official position.”

Romania “believes the threat of using a Russian strategic bomber plane by a Russian deputy prime minister is a very grave statement under the current regional context,” the ministry said
However, Russia was last week - now it's America's turn: the units included in the US exercise are bomber wings that will fly approximately 10 B-52 Stratofortresses and up to six B-2 Spirit bombers "to demonstrate flexibility and responsiveness in the training scenarios throughout the continental U.S."
So if you see a massive nuclear bomber flying overhead with a full nuclear armament, don't panic - tis but a drill.
“This exercise provides unique training opportunities to incorporate the most current technology and techniques in support of our mission.  Continued focus and investment in our strategic capabilities allow USSTRATCOM to deter, dissuade, and defeat current and future threats to the U.S. and our allies,” said Adm. Cecil Haney, commander, U.S. Strategic Command.
Those curious can find more information at USSTRATCOM Public Affairs, (402) 294-4130, or via email: pa@stratcom.mil.
We, on the other hand, will await the YouTube clip that goes with Global Lightning 14 and grade it on content, difficulty, and artistic creativity. After all we already have the Russians as a benchmark.

Credit to Zero Hedge

2nd Case of MERS Hits Florida

World War III Has Begun In Ukraine


jsoc
The title of this article is not hyperbole. Indeed, war has broken out in Ukraine. Both the United States and the Russians are employing asymmetrical warfare, at least for the time being, in an attempt to control the country.
Since1980 on the recommendation of Colonel Charlie Beckwith, in the aftermath of the failure of Operation Eagle Claw, the Joint Special Operations Command (JSOC) was established as a component command of the United States which answers to the Special Operations Command (USSOCOM). The express mission is to conduct classified military operations in an among the various clandestine forces in the United States (e.g. Seals, Rangers and civilian mercenaries such as Blackwater now known as Academi).

List of JSOC Commanders

Most Americans have never heard of JSOC. However, the long list of JSOC commanders is impressive and notable. One name of their former commanders that jumps off the page is LTG Stanley McChrystal, the former commander of forces in Afghanistan, who was fired for comments which were critical of President Obama and his handling of the war.
Rank and Name                             Start and End of Term
MG Richard Scholtes                      December 1980  to  August 1984
MG Carl Stiner                                August 1984 to January 1987
MG Gary E. Luck                            January 1987 to December 1989
MG Wayne A. Downing                  December 1989 to August 1991  
MG William F. Garrison                 August 1992 to  July 1994
MG Peter J. Schoomaker              July 1994 to August 1996
MG  Michael Canavan                   August 1996 to August 1998
LTG Bryan D. Brown                     September 1998 to December  2000
LTG Dell L. Dailey                        January 2001  to  March 2003
LTG Stanley McChrystal               September 2003June 2008
VADM William H. McRaven            June 2008 to  June 2011
LTG Joseph Votel                         June 2011  to  Present

The JSCO Mission Has Morphed

Originally, the JSCOC was created to ensure interoperability and equipment standardization, plan and conduct special operations exercises and training, develop joint special operations tactics and execute special operations missions worldwide. Essentially, JSOC was a commando operation.
The mission of JSOC has changed dramatically. The mission of JSOC is still asymmetrical, but the net effect is that JSCOC is capable of carrying combat operations on a national scale and this is what we are subsequently witnessing in Ukraine.
One day when the smoke clears from the ashes of World War III, historians will credit JSOC as the entity being responsible for the commencement of World War III in Ukraine as civilian mercenaries, acting under the authority of LTG Votel is instigating a civil war in Ukraine for the purposes of purging the country of pro-Russian forces.

Putin Plays the Victim Card

Putin has criticized the United States for using mercenaries to drive out pro-Russian forces from Ukraine.


The Russian Blackwater
The Russian Blackwater takeover of Crimea Airports
Putin’s allegations of war mongering by U.S. forces has merit and are backed up the German newspaper Bild am Sonntag who recently reported  that 400 U.S. mercenaries are working with the (illegal) junta government in Ukraine to crush opposition to the Western coup in the eastern part of the country designed to turn Ukraine away from Russia by eliminating anti-coup activists in Slavyansk and the Donetsk region.
Putin’s allegations swirl around the presence of mercenaries affiliated with Academi. The readers may remember Academi when it was known as Blackwater and then it changed its name to Xe following its involvement in the murder of 17 Iraqis in Nisour Square, Baghdad, Iraq, in 2007.  This mercenary group keeps changing its name to stay one step ahead of the burning bridge and escape oversight from Congress.
Academi’s board of directors is very impressive as it includes former Attorney General John Ashcroft and former NSA director, Bobby Ray Inman. The company’s CEO is a retired Brigadier General, Craig Nixon.
Make no mistake about it, Academi’s presence in Ukraine is a JSOC operation. JSOC is being confronted by its Russian counterpart in Ukraine. The net effect is that we are seeing the beginning of World War III through the use of asymmetrical forces. At the moment, this may only be a proxy war, but it is escalating exponentially.

Putin Is a Hypocrite

Putin is accusing the United States of using mercenary soldiers in Ukraine as he is employing the exact same strategy. Three months ago,  Russian troops without insignia appeared in Crimea during the takeover. This is the Russian equivalent to JSOC as they belonged to the infamous Vnevedomstvenaya Okhrana. This organization is indeed the “Blackwater” contracted by the Russian interior ministry to protect Russian military facilities and related assets. This Russian version of Blackwater seized airports in the Russian invasion of Crimea. Just like JSCOC Vnevedomstvenaya Okhrana do not wear Russian military uniforms and their use gives Russia government plausible deniability. However, make no mistake about, this organization is carrying out operations in Ukraine as proxy members of the Russian military.

Russian Blackwater vs. American Blackwater

Which side can provoke the greatest war crimes by the other side? Which side can assassinate the central Ukrainian leaders on the other side? Which side can galvanize its Ukrainian sympathizers to pick up arms and begin killing the opposition?

The world witnessed these tactics in Kosovo and we are seeing it again. In the coming weeks we can expect to hear about the discovery of mass graves and a number of murders of key opposition leaders on both sides.

The strategy of the two sides is clear. Provoke sympathetic civilians to takeover Ukraine. The losing side will no doubt escalate its involvement in order to prevent the total loss of the country through the use of conventional military forces.

Time Is Not On Putin’s Side


putinWith NATO war games set to commence in Ukraine, Moldova, Bulgaria and Poland in late June/early July, Putin must move quickly to achieve victory. If Putin allows NATO to consolidate its forces in Ukraine, Russia would likely lose its foothold in the country.

At risk is Putin’s ability to blackmail Europe with gas, 66% of the total, which flows through Ukraine. Unless Putin is happy being the head of a regional power, and not a global power, he has a very short time left to act.
 Putin has already announced that he will not hesitate to use nuclear weapons against  conventional forces which would come against Russia. During the next four to six weeks, event are going to become very heated.
 At the end of the day, there can be doubt. World War III has broken out in Ukraine and the dominoes of escalating events are falling one by one.

Credit to Common Sense

Ukraine and the NWO Sponsored Bloodbath

Gun Control In Nazi Germany




Submitted by Audrey Kline via the Ludwig von Mises Institute,
There is no shortage of theories or writings related to the rise of the Third Reich and the subsequent Holocaust. Stephen Halbrook’s 2013 book, Gun Control in the Third Reich offers a compelling and important account of the role of gun prohibition in aiding Hitler’s goals of exterminating the Jews and other “enemies of the state.” While much of the early gun prohibition was created with supposedly good intent, Halbrook carefully and meticulously details how a change in political regime facilitated manipulating some well-intentioned gun registration laws and other gun prohibition to be used in inconceivable ways.
Students of history as well as Second Amendment enthusiasts will find this a fascinating book and will find parallels between gun prohibition in pre-Nazi and Nazi Germany, and attempts to prohibit types of gun ownership and implement other forms of gun prohibition in the United States today. The current climate in the United States surrounding gun prohibition combined with a president who uses his office to impose executive order in ways not historically common gives many citizens pause, especially when looking at the era of the Third Reich. While certain states have imposed gun registration laws recently, enforcement of the laws remains unclear.
While Halbrook is careful to point out that a combination of factors led to the events of the Holocaust, there is no denying that many of the pre-war activities contributed to Hitler’s ability to disarm targeted groups, particularly the Jews. The rapid pace with which Hitler disarmed the populace in Germany is startling. Halbrook’s account is gripping, thorough, and full of legal documentation, leading the reader through the sometimes-daily changes in gun prohibitions that furthered Hitler’s agenda. Ultimately, the prohibitions enacted by the Nazi regime led to monopoly control of firearms by the Nazis and eliminated the ability of many groups in society to defend themselves. A similar progression in contemporary society related to government control of firearms and the firearms industry is a concern of many gun owners in the United States today.
In Part I of the book, a chaotic post-WWI Germany is the backdrop, a time when there were no established policies or laws pertaining to firearm ownership. Concern about firearms not being turned in after the war and conflict between extremist groups and the government led to the implementation of gun control laws. However, well-meaning clauses in the laws were subsequently used to provide the government with complete control over gun ownership, creating registries of gun and ammunition ownership, which ultimately fell into the hands of the Nazis. These lists were methodically used to disarm citizens. Through the first three chapters of the book, Halbrook does a masterful job of detailing the ever-changing gun control policies, ranging from the most extreme (execution on the spot) to the postured ‘relaxation’ of gun control laws that allowed possession of very expensive long arms that would not be affordable for the majority of the population.
Part II of the book opens with the naming of Hitler as chancellor of Germany at the end of January 1933, and the immediate utilization of the Weimar gun control policies to begin the Nazi campaign to seize arms and eradicate the so-called “enemies of the state” (all of whom were tagged as Communists). As a result, less than a month later, Hitler and Göring convinced President Hindenburg that an emergency decree was needed, which ultimately gave the Nazis the ability to eliminate constitutional assurances of liberty and free speech, a free press, the ability to assemble, and the right to privacy in personal communications. Furthermore, search and seizure of homes was authorized. This carte blanche for search and seizure essentially became the modus operandi of the Third Reich.
By the end of March, Hitler had succeeded in passing the “Enabling Law” which gave him the ability to create laws as he wished, with no requirement for consultation. Following this, the confiscation of weapons escalated. Municipal governments were informed that military weapons and ammunition had to be surrendered by the end of March. The Jews were targeted next, with a large raid in East Berlin on April 4, 1933. Jews were not forbidden to own firearms until 1938, but the raid led to confiscations and arrests. The 1928 Firearms Law was utilized to identify the so-called enemies of the state, locate them, interview them, and subsequently confiscate their weapons, thereby increasing Nazi control and eliminating private ownership of firearms from the majority of society.
Part III of the book details episodes of enforcement and expansion of gun prohibition by Hitler’s regime. To mark the one-year anniversary of Hitler’s power, the Law for the Reconstruction of the Reich was passed in January 1934, which centralized control over police and led to the replacement of the SA (Sturm Abteilung or Brownshirts) with the SS. Upon President Hindenburg’s death, Hitler assumed the presidency as well, allowing him the ability to rule by decree. Hitler could now declare laws at will and there was no right of appeal for those arrested. The military pledged allegiance to Hitler and the citizenry was instructed to follow Hitler’s decrees.
Confiscated firearms were redistributed to the police and concentration camp guards. The number of searches and arrests continued to escalate, and with the adoption of the Nürnberg Laws in September 1935, Germans or those with ‘kindred blood’ were decreed as citizens, leaving the Jews without citizenship and consequently, without civil rights. A new weapons law was drafted in November that would also forbid Jews from operating in the firearms industry. Though not yet enacted, the draft opened the door for the stealing of the gun manufacturing company, Simson & Co., by Hitler, who claimed that the Jewish owners were guilty of fraud. Additional accounts are given of exploitation of various incidents to further the Nazi campaign against the Jews.
Nazi Party control of the use and ownership of firearms was quickly implemented and far-reaching, with refinements to the Weapons Law continuing over the next few years. Eventually, in April 1938, Jews were required to register their personal assets if valued at over 5,000 marks. Just a few months later, Jews were required to register at local police stations to receive identification cards. Jews began to flee Berlin and other parts of Germany, as they were able.
In the concluding section of the book, Reichskristallnacht (Night of the Broken Glass) is detailed. Jews had been systematically disarmed, and their identity and locations were now on file with local police. It was simply a matter of time before the full shift into deportation and extermination of the Jews would begin. Records support that a campaign to arrest legallyregistered Jewish owners of firearms was now underway, along with the push by the Nazis to pressure Jews to flee Germany.
The complete confiscation of weapons held by Jews at this point was sparked by the November 7, 1938 assassination attempt of a German diplomat, supposedly by a Polish-Jewish teenager at the embassy in Paris. The Night of the Broken Glass came in the following few days. All Jewish weapons (including such things as letter openers) were confiscated, and all Jewish organizations were deemed illegal. With the Jews disarmed, Hitler’s plans could proceed with a defenseless populace. The majority of the non-Jewish German population was stunned by what had transpired but too afraid to protest. Isolated cases of resistance remained, such as the now well-known case of Oskar Schindler. When deportations commenced in October 1941, the possessions of the Jews were searched by the Gestapo for anything of value, and completed the disarming of the Jews. The dangers of silent witness are now well known.
As has been well documented, Jews were methodically attacked, their homes, businesses, and synagogues ransacked and burned. Upward of 30,000 Jews were arrested. Any Jews resisting arrest were ordered shot on the spot. Attacks on the Jews were to be carried out by the SA, with no interference by police. Jews arrested were to be sent to concentration camps for up to 20 years. The pogrom was so thorough that nearly all age appropriate, Jewish adult males in Stuttgart had been arrested. With the population afraid and disarmed, Hitler could proceed with little worry about resistance. The Court reinforced that there was no judicial review needed for activities of the Gestapo.
Halbrook concludes by noting that less government regulation and a tradition of rejecting tyranny could have led to a different outcome in Germany. Instead, systematic creation and manipulation of firearms registration and regulations, coupled with the decimation of individual citizen’s rights, enabled Hitler’s dictatorship and the slaughter of millions of innocent Jews and citizens of Nazi-occupied countries, as well as tens of thousands of Germans. It remains for all of us to wonder what might have been had people refused to register their firearms. Indeed, we should all take note and never forget.
Credit to Zero Hedge

If Economic Cycle Theorists Are Correct, 2015 To 2020 Will Be Pure Hell For The United States

Economic Cycle
Does the economy move in predictable waves, cycles or patterns?  There are many economists that believe that it does, and if their projections are correct, the rest of this decade is going to be pure hell for the United States.  
Many mainstream economists want nothing to do with economic cycle theorists, but it should be noted that economic cycle theories have enabled some analysts to correctly predict the timing of recessions, stock market peaks and stock market crashes over the past couple of decades.  
Of course none of the theories discussed below is perfect, but it is very interesting to note that all of them seem to indicate that the U.S. economy is about to enter a major downturn.  So will the period of 2015 to 2020 turn out to be pure hell for the United States?  We will just have to wait and see.
One of the most prominent economic cycle theories is known as "the Kondratieff wave".  It was developed by a Russian economist named Nikolai Kondratiev, and as Wikipedia has noted, his economic theories got him into so much trouble with the Russian government that he was eventually executed because of them...
The Soviet economist Nikolai Kondratiev (also written Kondratieff) was the first to bring these observations to international attention in his book The Major Economic Cycles (1925) alongside other works written in the same decade. Two Dutch economists, Jacob van Gelderen and Samuel de Wolff, had previously argued for the existence of 50 to 60 year cycles in 1913. However, the work of de Wolff and van Gelderen has only recently been translated from Dutch to reach a wider audience.
Kondratiev's ideas were not supported by the Soviet government. Subsequently he was sent to the gulag and was executed in 1938.
In 1939, Joseph Schumpeter suggested naming the cycles "Kondratieff waves" in his honor.
In recent years, there has been a resurgence of interest in the Kondratieff wave.  The following is an excerpt from an article by Christopher Quigley that discussed how this theory works...
Kondratiev's analysis described how international capitalism had gone through many such "great depressions" and as such were a normal part of the international mercantile credit system. The long term business cycles that he identified through meticulous research are now called "Kondratieff" cycles or "K" waves.
The K wave is a 60 year cycle (+/- a year or so) with internal phases that are sometimes characterized as seasons: spring, summer, autumn and winter:
  • Spring phase: a new factor of production, good economic times, rising inflation
  • Summer: hubristic 'peak' war followed by societal doubts and double digit inflation
  • Autumn: the financial fix of inflation leads to a credit boom which creates a false plateau of prosperity that ends in a speculative bubble
  • Winter: excess capacity worked off by massive debt repudiation, commodity deflation & economic depression. A 'trough' war breaks psychology of doom.
Increasingly economic academia has come to realize the brilliant insight of Nikolai Kondratiev and accordingly there have been many reports, articles, theses and books written on the subject of this "cyclical" phenomenon. An influential essay, written by Professor W. Thompson of Indiana University, has indicated that K waves have influenced world technological development since the 900's. His thesis states that "modern" economic development commenced in 930AD in the Sung province of China and he propounds that since this date there have been 18 K waves lasting on average 60 years.
So what does the Kondratieff wave theory suggest is coming next for us?
Well, according to work done by Professor W. Thompson of Indiana University, we are heading into an economic depression that should lastuntil about the year 2020...
Based on Professor Thompson's analysis long K cycles have nearly a thousand years of supporting evidence. If we accept the fact that most winters in K cycles last 20 years (as outlined in the chart above) this would indicate that we are about halfway through the Kondratieff winter that commenced in the year 2000. Thus in all probability we will be moving from a "recession" to a "depression" phase in the cycle about the year 2013 and it should last until approximately 2017-2020.
But of course the Kondratieff wave is far from the only economic cycle theory that indicates that we are heading for an economic depression.
The economic cycle theories of author Harry Dent also predict that we are on the verge of massive economic problems.  He mainly focuses on demographics, and the fact that our population is rapidly getting older is a major issue for him.  The following is an excerpt from a Business Insider article that summarizes the major points that Dent makes in his new book...
  • Young people cause inflation because they "cost everything and produce nothing." But young people eventually "begin to pay off when they enter the workforce and become productive new workers (supply) and higher-spending consumers (demand)."
  • Unfortunately, the U.S. reached its demographic "peak spending" from 2003-2007 and is headed for the "demographic cliff." Germany, England, Switzerland are all headed there too. Then China will be the first emerging market to fall off the cliff, albeit in a few decades. The world is getting older.
  • The U.S. stock market will crash. "Our best long-term and intermediate cycles suggest another slowdown and stock crash accelerating between very early 2014 and early 2015, and possibly lasting well into 2015 or even 2016. The worst economic trends due to demographics will hit between 2014 and 2019. The U.S. economy is likely to suffer a minor or major crash by early 2015 and another between late 2017 and late 2019 or early 2020 at the latest."
  • "The everyday consumer never came out of the last recession." The rich are the ones feeling great and spending money, as asset prices (not wages) are aided by monetary stimulus.
  • The U.S. and Europe are headed in the same direction as Japan, a country still in a "coma economy precisely because it never let its debt bubble deleverage," Dent argues. "The only way we will not follow in Japan's footsteps is if the Federal Reserve stops printing new money."
  • "The reality is stark, when dyers start to outweigh buyers, the market changes." It all comes down to an aging population, Dent writes. "Fewer spenders, borrowers, and investors will be around to participate in the next boom."
  • The U.S. has a crazy amount of debt and "economists and politicians have acted like we can just wave a magic wand of endless monetary injections and bailouts and get over what they see as a short-term crisis." But the problem, Dent says, is long-term and structural — demographics.
  • Businesses can "dominate the years to come" by focusing on cash and cash flow, being "lean and mean," deferring major capital expenditures, selling nonstrategic real estate, and firing weak employees now.
  • The big four challenges in the years ahead will be 1) private and public debt 2) health care and retirement entitlements 3) authoritarian governance around the globe and 4) environmental pollution that threatens the global economy.
According to Dent, "You need to prepare for that crisis, which will occur between 2014 and 2023, with the worst likely starting in 2014 and continuing off and on into late 2019."
So just like the Kondratieff wave, Dent's work indicates that we are going to experience a major economic crisis by the end of this decade.
Another economic cycle theory that people are paying more attention to these days is the relationship between sun spot cycles and the stock market.  It turns out that market peaks often line up very closely with peaks in sun spot activity.  This is a theory that was first popularized by an English economist named William Stanley Jevons.
Sun spot activity appears to have peaked in early 2014 and is projected to decline for the rest of the decade.  If historical trends hold up, that is a very troubling sign for the stock market.
And of course there are many, many other economic cycle theories that seem to indicate that trouble is ahead for the United States as well.  The following is a summary of some of them from an article by GE Christenson and Taki Tsaklanos...
Charles Nenner Research (source)
Stocks should peak in mid-2013 and fall until about 2020. Similarly, bonds should peak in the summer of 2013 and fall thereafter for 20 years. He bases his conclusions entirely on cycle research. He expects the Dow to fall to around 5,000 by 2018 – 2020.
Kress Cycles (Clif Droke) (source)
The major 120 year cycle plus all minor cycles trend down into late 2014. The stock market should decline hard into late 2014.
Elliott Wave (Robert Prechter) (source)
He believes that the stock market has peaked and has entered a generational bear-market. He anticipates a crash low in the market around 2016 – 2017.
Market Energy Waves (source)
He sees a 36 year cycle in stock markets that is peaking in mid-2013 and will cycle down for 2013 – 2016. “… the controlling energy wave is scheduled to flip back to negative on July 19 of this year.” Equity markets should drop 25 – 50%.
Armstrong Economics (source)
His economic confidence model projects a peak in confidence in August 2013, a bottom in September 2014, and another peak in October 2015. The decline into January 2020 should be severe. He expects a world-wide crash and contraction in economies from 2015 – 2020.
Cycles per Charles Hugh Smith (source)
He discusses four long-term cycles that bottom in the 2010 – 2020 period. They are: Credit expansion/contraction cycle, Price inflation/wage cycle, Generational cycle, and Peak oil extraction cycle.
So does history repeat itself?
Well, it should be disconcerting to a lot of people that 2014 is turning out to be eerily similar to 2007.  But we never learned the lessons that we should have learned from the last major economic crisis, and most Americans are way too apathetic to notice that we are making many of the very same mistakes all over again.
And in recent months there have been a whole host of indications that the next major economic downturn is just around the corner.  For example, just this week we learned that manufacturing job openings have declined for four months in a row.  For many more indicators like this, please see my previous article entitled "17 Facts To Show To Anyone That Believes That The U.S. Economy Is Just Fine".
Let's hope that all of the economic cycle theories discussed above are wrong this time, but we would be quite foolish to ignore their warnings.
Everything indicates that a great economic storm is rapidly approaching, and we should use this time of relative calm to get prepared while we still can.
Economic Cycle
Credit to Economic Collapse

Pope says baptism for all even Martians



Vatican City: Pope Francis has declared everyone has the right to be baptised, even aliens should they come knocking on the church's door.

Christians cannot "close the door" to all those who seek baptism even if they are "green men, with a long nose and big ears, like children draw," the pope said at his daily mass on Monday, according to Vatican Radio.

"If tomorrow, for example, an expedition of Martians arrives and some of them come to us ... and if one of them says: 'Me, I want to be baptised!', what would happen?" Francis said in another display of his lively sense of humour.

The Argentine pontiff known for his down-to-earth style has often used colourful and humorous expressions to make his points on the direction of the Roman Catholic Church.

On baptism Francis has stressed that it should not be refused, especially to children whose parents may be breaking Church rules such as living together as an unmarried couple.

Credit to SMH

Read more: http://www.smh.com.au/world/pope-says-baptism-for-all--even-martians-20140513-zraqo.html#ixzz31ZD8Iy8O

Russia gives Ukraine gas payment deadline




Gazprom has again threatened to cut off Ukraine’s gas supplies after setting a new deadline for the crisis-ridden east European state to pay the $3.5bn (£2.8bn) the energy giant says it is owed.
The warning to pay by June 2 follows pressure from the Russian government on Gazprom to test the West’s commitment to protect the vital gas route for supplies into Europe.
Dimitry Medvedev, Russia’s prime minister, wanted Gazprom to go further and set a deadline of Tuesday but Alexey Miller, Gazprom’s chief executive, decided to give Ukraine more time.
He said: “In case Ukraine does not pay, Gazprom will notify the Ukrainian side before 10am on June 3 and the volume of gas will be supplied to Ukraine in accordance with the advanced payments.”

Credit to Trunews

Read more at http://www.trunews.com/russia-gives-ukraine-gas-payment-deadline/#3Vd3YmPrDcZG8UYK.99