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    Daily Digest 4/24 – Health Insurance Costs Could Cause TX Teachers To Leave, Irish Pension Liabilities Grow

    by saxplayer00o1

    Wednesday, April 25, 2018, 2:09 PM

Economy

Health Insurance Costs Could Drive Texas Teachers To Leave

For a teacher making $40,000 a year to have average health insurance for themselves and their family, it is now going to cost them half of their paycheck. Since 2002, health insurance premiums have more than doubled for Texas teachers.

Irish pension liabilities hit 167% of GDP

The liabilities of UK government-run pension schemes totalled £5.3trn or 279% of UK GDP at the end of 2015, Hanley noted. Over five years, the UK’s overall pension liabilities have grown by £1trn.

Teacher Pension Crisis Overwhelms California And Kentucky

According to Pew, some states boosted pension benefits in past years without planning for a way to pay for them, and courts are now finding them liable for those increased payments, whether or not there is cash to pay them. A report from the Legislative Analyst’s Office indicated that California alone had a pension deficit of $97 billion just for teachers and other employees of the state’s school districts.

Halliburton Writes Off Remaining $312 Million Invested in Venezuela

Daily oil production in Venezuela, the country with the world’s largest reserves, has plummeted by 200,000 barrels since late last year, to its lowest level in 30 years. That drop has helped raise global oil prices in recent weeks to more than $70 a barrel, and has pushed gasoline prices in the United States to their highest level for this time of the year in three years.

The Next Threat Stalking American Farmers Is the End of Cheap Money

American farmers have managed to stay afloat despite years of shrinking crop values, the lowest incomes since the recession and a budding trade war with China. Now, they’re feeling a new squeeze — borrowing money is getting more expensive as interest rates rise. For some, it may be fatal.

Near-Junk Illinois to Sell More Bonds—Will Investors Buy In?

Illinois will add to its more than $30 billion debt load with a bond sale Wednesday, testing yield-hungry investors’ desire to lend to the lowest-rated U.S. state as it grapples with ongoing political and financial issues.

Illinois’ past-due debts come with a steep price: $1.14 billion in late fees

The report by state Comptroller Susana Mendoza found that the $16 billion in past-due debt that piled up during a 2-year budget stalemate comes with a steep price. Since July 2015, Mendoza reported, prompt-payment penalties have totaled $1.14 billion, $100 million more than the total from 1998 up to then.

ECB's government debt pile shrinks for first time as debt matures

It was the first time the ECB was unable to keep pace with the redemptions of its government bonds, in a new sign of its struggle in finding enough paper to buy to keep the 2.55 trillion euro ($3.11 trillion) program running.

Emerging-Market Investors Have Some Memory Issues

Instead of using the good times to reduce government debt levels, they keep taking advantage of the favorable global liquidity conditions to tap the market. The International Monetary Fund estimates that emerging-market sovereign debt levels in relation to GDP have now reached levels last seen during the 1980s emerging-market debt crisis.

Trade war with US could be the tipping point for China’s $14 trillion debt-ridden economy

Over the last few years, China's debt-to-GDP has ballooned to more than 300 percent from 160 percent a decade ago, causing many people, including Chinese officials, to warn of a financial-sector debt bubble that's waiting to burst.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/23/18

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9 Comments

  • Wed, Apr 25, 2018 - 10:33am

    #1

    sand_puppy

    Status Platinum Member (Offline)

    Joined: Apr 13 2011

    Posts: 1819

    Why is the US Military in Syria?

    First of all, I am not answering this question as much as asking it.
    I do not see any obvious direct US national interest there.  Does anybody else?  The English?  The French?  Especially as the war is completely illegal and violates international law.  12 million displaced Syrians and over 500,000 killed.
    I am only aware of two significant reasons: 
    1)   The natural gas pipeline from Russia to Europe traverses Syria (or not), and,
    2)   The plan to establish military and economic domination in the ME by Israel (Yinon Plan, 1982)
    Secretary of State Hillary Clinton explained in an email that the best way to help our friends in Israel is to remove Assad.
    Christopher Bollyn explains his belief that the power brokers of the Rothschild Banking Industry are the force driving the war in Syria for the benefit of the Zionist world domination project.

    Baron David de Rothschild with his employee, Emmanuel Macron and his wife. Macron only appeared on the French political scene last year and suddenly became president of France in a race against Marine LePen. Baron David de Rothschild is also the chairman of the Governing Board of the World Jewish Congress.

    Emmanuel Macron, the highly-paid Rothschild investment banker who became president of France less than a year ago, told French media on Sunday that “we convinced” President Donald Trump to stay in Syria. (see 35 second video interview below)
    Who is “we”?

     
    Given the fact that Macron is a highly-paid Rothschild agent who became president of France, the question needs to be asked: Who is “we”?
     
    “Ten days ago, President Trump was saying the United States of America had a duty to disengage from Syria… I assure you, we have convinced him that it is necessary to stay for the long term,” Macron said in a televised interview.
     
    This admission by Macron indicates to me [Bollyn] that the Rothschilds are the hidden hand behind the whole media drama about the alleged nerve gas attacks in Salisbury and Syria. This would explain the way the media has been in lock step with the anti-Russian and anti-Syrian narratives, neither of which are supported with any evidence.

    British prime minister Theresa May views the Balfour Declaration with the Israeli prime minister, Benjamin Netanyahu and Jacob Rothschild at his house. The Balfour Declaration, which is the birth certificate for the Zionist state, was actually a letter written to Lord Rothschild in 1917. The letter stated Britain’s support for a Zionist state in Palestine, which was in effect one party (UK) giving to a second party (Rothschild Zionists) the land of a third party (i.e. Palestine, Palestinians).

    Bollyn concludes by asking the same question I have:

    Why would France, or America for that matter, want to wage war illegally against the government of Syria in the first place?

    And his answer:

    Macron’s frank admission suggests that we are not really talking about French national interests at all — but about the interests of the Zionist international, which is headed by the Rothschilds.

    ——–
    It is my conclusion (and that of many well informed others on PP) that both the Skripal nerve gas attack and the Douma nerve gas attack were staged and weak deceptions without even a minimum of supporting evidence.  But the media watchdog group FAIR.org reports that of the 26 op/ed’s on the US missile attack in Syria, 100% of them supported it as justified due to the Douma nerve gas attack by Assad.
    To me, this is certain evidence that media ownership is in the hands of the same group driving the Syrian war.  This is a far greater issue than that of the nerve gas attack.
    Does anyone have a realistic alternative to Bollyn’s view that they feel is true?  I would like to hear it.

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  • Wed, Apr 25, 2018 - 12:31pm

    Reply to #1
    jerryr

    jerryr

    Status Member (Offline)

    Joined: Oct 31 2008

    Posts: 46

    Imperial goals

    sand_puppy wrote:

     

    Does anyone have a realistic alternative to Bollyn’s view that they feel is true?  I would like to hear it.

    The Neocon bible, “Project for a New American Century”, identified Syria as one of the geopolitical stepping-stones to dominance over Russian and China in the Eurasian heartland. It’s sort of a reverse Domino theory, that nonaligned nations would fall one by one as challenges to America’s dominance. The goal is, basically, to envelope and surround America’s most important competitors.
    America, of course, is the central power in the Western alliance, including also Israel, the UK, France, Germany, Japan and so forth. 
    There is a long-established structural feature of Western civilization, which is the relationship between Christianity and Judaism. That is, the Jews are “Christ Killers”, and almost everything about their culture is the alienated opposite of the majority. Thus, they are ideal “scapegoats” and targets for pogroms.
    It’s possible to study the mass media and the banking system, and conclude that Jews are now in charge. But I say, don’t be fooled! Entities such as the Rothschild banking empire exist in a synergistic relationship with much larger, Christian-dominated entities such as the US government and other national governments, industrial businesses, NGO’s and churches. When the going gets tough, the Jews are the first to get thrown under the bus by the majority.
    And there is no real conflict between the Jewish agenda, the Christian/Catholic agenda (aka “Christian Zionism”), and even Wahabbi Islam. All of them are supportive of the “Greater Israel” project in Syria.
    Thus, I feel that Bollyn’s focus on the Jews is ignoring the bigger picture. It’s also likely to get dismissed as anti-semitic conspiracy theory.
    Sadly I’m not sure my Anglo-American Zionist theory is going to get any more traction, or get held in high esteem at the SPLC. But at least it’s multi-cultural.

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  • Wed, Apr 25, 2018 - 12:32pm

    Reply to #1
    Geedard

    Geedard

    Status Member (Offline)

    Joined: Oct 13 2014

    Posts: 56

    Bollyn's view

    Hi SP, I have no alternative view to Bollyn or your conclusions.
    I do have a question though…if the “group” driving the Syrian War is indeed the one you describe (which seems to me, to be highly likely), I constantly wonder to myself why it seems they have so much power and influence to be able to “drive” so many worrisome events, but seemingly not the power and influence to be able to “finish things off”…?    What other group (or groups) exists that seems to keep “thwarting” their plans?    It’s fascinating to me that after all these years, and all these events…we still don’t yet seem to be living in an all-out NWO and the end-game of the “players” still seems to be so unclear to most of us…    What power is thwarting it for so long?    I’m truly fascinated.
    Thanks for all the insight that you and others provide on this site…also your incredibly intelligent and respectful manner of communicating. 

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  • Wed, Apr 25, 2018 - 12:39pm

    Reply to #1

    thc0655

    Status Platinum Member (Offline)

    Joined: Apr 27 2010

    Posts: 1423

    Well, there IS some good news

    If the fake Skripal poisoning and the fake Syrian gas attacks are the best “THEY” can do then “THEY” are not as clever and all-powerful as “THEY’D” like us to believe.  More impressive is “THEIR” control of the media, which may be the more important of the two spheres (wet work vs. winning hearts and minds).  Personally, I’ve observed a slightly rising sense of skepticism in my contacts, but mostly I see that people aren’t paying either incident much attention, nor the US-led missile attack in response. I suspect they have sports and reality shows to watch on TV instead. Go Sixers!!

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  • Wed, Apr 25, 2018 - 3:50pm

    Reply to #1
    Mohammed Mast

    Mohammed Mast

    Status Bronze Member (Offline)

    Joined: May 17 2017

    Posts: 112

    Reason 2

    There is no other reason. The Rothschilds built the Knesset and the Israeli supreme court. They have financed Israel since the begining. Syria does not have a Rothschild central bank. The Rothschilds owned the BOE at the height of the British Empire. They have bankrolled enterprises from deBeers to the first electric utilities in the US. 
    The wars in the ME are nothing more than proxy wars between Israel and Iran. There is no effort to resolve anything for two reasons. One the Rothschilds profit mightily from chaos. No matter who wins they always win since they finance both sides. Israel benefits from chaos since it keeps the Arabs divided. Assad’s father Hafez saw this clearly. He tried to unite the Arab states against Israel and the west. Thus we now have Syria running around with a huge target on its back.
    The Mossad controlled CIA foments all kinds of disruptions economic and sectarian. Wes Clark outlined the countries targeted. If anyone has doubts about Israeli intentions then you may wish to vacation in Gaza. Or just look at a map of Israel from 1948 and compare it to a current map.

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  • Wed, Apr 25, 2018 - 4:01pm

    Reply to #1
    Mohammed Mast

    Mohammed Mast

    Status Bronze Member (Offline)

    Joined: May 17 2017

    Posts: 112

    Shakespeare

    BTW Willie wrote a wonderful play called the Merchant of Venice. Anyone here who thinks debt is a problem would do well to read it or reread it as the case may be. The Christian world at one time considered usury a sin, as does Islam today.  Seems plausible that those targeted by the Rothschilds were Christians (czarist Russia) and the Arab states, because of opposition to usury  

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  • Thu, Apr 26, 2018 - 5:36am

    #2

    sand_puppy

    Status Platinum Member (Offline)

    Joined: Apr 13 2011

    Posts: 1819

    Garden coming to life

    Apple trees, planted 3 years ago, are making serious blossoms this spring.  It looks like apples this year.


    And the broccoli no longer need the cold frames at night

     

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  • Thu, Apr 26, 2018 - 5:48am

    #3

    KugsCheese

    Status Gold Member (Offline)

    Joined: Jan 01 2010

    Posts: 814

    Ford

    OK Ford now that you canceled NA sedans its time to bring back https://en.wikipedia.org/wiki/Ford_Excursion

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  • Thu, Apr 26, 2018 - 7:10am

    #4

    saxplayer00o1

    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2923

    'Grotesque' Leverage and Rising Rates Are Already Causing Damage

     

    ‘Grotesque’ Leverage and Rising Rates Are Already Causing Damage …

    Bloomberg-22 hours ago

    The number-one conversation Societe Generale’s having with clients right now is about the correlation between bonds and equities. But risks to corporate balance sheets is a bigger problem at the moment, particularly in the U.S. and China. Lapthorne said he worries about volatility in debt because of the impact it can

    ECB renews vow to keep buying bonds after September ‘if necessary’

    Financial Times-2 hours ago
    The ECB’s benchmark main refinancing rate is zero, with policymakers also imposing a negative interest rate of minus 0.4 per cent on a portion of lenders’ deposits held at central banks. Bar the date at the top, the statement was exactly the same as the governing council’s March decision, saying that the council “expects the …

    Houston Faces Debt Crisis Over Retiree Health Benefits

    Houston Public Media-18 hours ago
    The city’s latest monthly financial report shows that Houston has racked up $2.1 billion in debt tied to retiree health benefits, according to City Controller Chris Brown. “We are accruing about $160 million a year in unfunded liability,” Brown says, “and that’s basically because we are consistently underfunding those annual …

    Happy birthday, America’s $1 trillion student-debt problem

    MarketWatch-22 hours ago
    Borrower advocates have said high levels of student loan delinquency and default point to student-loan companies hired by the government not doing enough to work in borrowers’ best interest. “I often hear that the big numbers are not necessarily what we should worry about with regard to student debt, but at some point it …

    Workers and shareholders call GE an ’embarrassment’

    CNNMoney-20 hours ago

    Other retirees lamented GE’s $29 billion pension deficit, the largest among S&P 500 companies. They questioned whether the pension fund, whittled by years of low rates and inattention, will be around to support them. Flannery said the pension fund is running a “significant deficit,” but he said maintaining its integrity is “a ..

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