Underground Stories 05-02-14

Wall Street adviser: Actual unemployment is 37.2%, 'misery index' worst in 40 years

Don't believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud.

In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government.

Marotta, who recently advised those worried about an imploding economy to get a gun, said that the government isn't being honest in how it calculates those out of the workforce or inflation, the two numbers used to get the Misery Index figure.

BREAKING: Trey Gowdy to Chair a “Select Committee” Investigation of Benghazi

America is finally hearing the news they have been waiting for a year and a half to hear, Speaker of the House John Boehner is “seriously considering” forming a select committee to investigate Benghazi.
The White House coverup of Benghazi will not stand any longer.  They have refused to release key documents and have been caught in lie after lie, as evidenced by the latest emails released by a court order.
The Select Committee will likely be Chaired by Representative Trey Gowdy.


Media Silent on Crucifixion of Christians by Islamic Jihadists


Could you imagine the uproar in the mainstream media that we would see if a member of a politically favored class of people was crucified for who or what they are? There would be front page headlines for weeks. But because members of a politically favored class (Muslims) are doing it to members of a non-politically favored class (Christians), it is not newsworthy at all according to the media. In many instances, Christians are being crucified by jihadists that are actually being assisted and funded by the governments of the United States and Saudi Arabia. Yes, our tax dollars are being used to help arm and supply radical jihadists that are beheading and crucifying Christians. And yet none of the big media organizations considers this to be news.
How sick and twisted do you have to be to crucify a little child for being a Christian? Of course you never heard about this from the mainstream media, but that is exactly what happened in Syria recently…

Obama-Biden vacation tab reaches $40 million — $2.9 million alone for two Obama 2014 golf outings

The travel costs for vacations taken by the first family and the Bidens have reached over $40 million with the Air Force’s revelation that two golf outings by President Obama this year cost $2.9 million, according to the taxpayer watchdog group Judicial Watch.
The group said that the Air Force provided documents and records that put the price of the first family’s trip to Key Largo, Fla., in March at $885,683 just for flying Air Force One. The travel costs to golf in Palm Springs, Calif., in February, where the president also met with King Abdullah II of Jordan, was $2,066,594, said the Air Force documents, according to Judicial Watch.
Judicial Watch has been filing repeated Freedom of Information Act requests for travel costs and the Air Force has provided many documents during the administration.
So far, Judicial Watch said that it has tabulated vacation travel costs, mostly just Air Force jet time, at over $40 million. Far more money is spent on accommodations, communications, rooms and cars for staff, security and U.S. Secret Service protection, Navy and Coast Guard ships offshore and the prepositioning of cars and helicopters, but those costs are not usually revealed.
“It is clear that the Obamas continually abuse the perks of the president’s office at taxpayer expense,” said Judicial Watch President Tom Fitton in a statement to Secrets.
“And it is particularly interesting that Obama has chosen to take not one but two luxury vacations back-to-back while inveighing against ‘income equality.’ President Obama’s waste of the hard-earned tax dollars of working Americans on unnecessary luxury travel is an abuse of office.”

Kerry admits to being clueless during  peace talks of Fatah meetings with Hamas.

Kerry: ‘I’ll publicize peace talks’ progress at appropriate time’ while echoing Obama in calling for ‘pause’ in Israeli-Palestinian negotiations.

U.S. Secretary of State John Kerry said Thursday that he will make public the “progress” made during the nine months of peace talks between Israel and the Palestinian Authority. At the same time, Kerry, echoing the recent statement by President Barack Obama, said that in view of the breakdown in the negotiations, the time had come to for a “pause” in the talks.

At a news conference in Addis Ababa, Ethiopia, Kerry referred to the discussions he conducted in recent months with Israeli and Palestinian negotiators toward a so-called framework agreement on the core issues they would be negotiating: borders, Jerusalem, refugees, security, water and settlements. The agreement was never published because the two sides remained too far apart on the issues.
However, Kerry said: “What has not been laid out publicly and what I will do at some appropriate moment of time is make clear to everybody the progress that was made. These eight months, eight months plus were not without significant progress in certain areas. And I don’t think anybody wants to lose that progress.”
Kerry said that due to the suspension of the peace talks and the disputes that preceded it, the April 29 time limit for the nine-month negotiations had become irrelevant.
He added that last week’s reconciliation agreement between Fatah and Hamas, which led Israel to suspend the talks, came as a surprise to him because the Palestinians had not kept him apprised of the contacts between the previously rival movements.
Laying out Washington’s immediate plans for the peace process, Kerry said: “We believe the best thing to do right now is pause, take a hard look at these things, and find out what is possible and what is not possible in the days ahead. As I have consistently said, I think peace is to the benefit of both parties – benefit of Israel, and benefit of the Palestinians.”
He said each side had told him it did not want to see the talks end outright. “There may be quiet ways within which to begin to work on next steps,” he added.

Obama Proposes Tolls on Interstates Across Nation

As with many federal accounts, the Highway Trust Fund is running on empty. Refilled with the 18.4-cent per gallon gas tax and disbursed by politicians and bureaucrats in Washington, the federal highway fund faces a $63 billion shortfall through 2018. Texas gets $2-3 billion per year from the fund which goes towards the roughly $7 billion in yearly Texas Department of Transportation expenditures.

A shortage of funds tends to concentrate the mind—which is why the White House just proposed lifting an old federal restriction against tolling on 46,000 miles of interstate roads. This would allow states to collect tolls on federal interstates for the purpose of funding repairs and expansion.
Organized labor loves the idea as they expect to get the added work at inflated prevailing wages mandated by federal law.
Folks who own the companies that pour concrete love the idea, as they expect to get the new contracts, coupled with reforms to streamline environmental permitting
State transportation officials love the idea as they see bigger budgets.
There’s even something for the progressive-environmentalist crowd. Buried within the White House’s proposal are provisions to double funding for inner city mass transit to $22 billion while increasing potential fines on automakers by nine-fold to $300 million.
What commuters and taxpayers may think of adding tolls on top of taxes is another story however—one that takes a back seat to the powerful interests now speaking to our representatives in Washington.

HATER: Sharpton’s Profuse Use of ‘Homos, Chinamen & N*gger Makes Sterling Look Lazy

Of course, whenever there is a highly charged, highly publicized racial incident in the country, the Rev. Al Sharpton asserts himself right in the middle of it.
Sharpton audaciously exploited the Sterling situation to bring attention to himself. He called for the NBA to investigate Sterling and to bar him from owning the Clippers.
“No one should be allowed to own a team if they have in fact engaged in this kind of racial language,” he told TMZ. “What is there to investigate? He should be suspended immediately. Let’s quit stalling, let’s quit copping out, NBA. Let him go.”
“You cannot run a major business in this country and expect people to buy from you if you, sponsor a bigot,” he said. “I’ll be in action working on the phone with CEOs of major, that’s how we got rid of [Don] Imus, with advertisers.”
Read more: dailysurge.com

COVER-UP : Banker “Suicides” Classified as “Trade Secrets” by Federal Regulator

Wall Street on Parade
It doesn’t get any more Orwellian than this: Wall Street mega banks crash the U.S. financial system in 2008. Hundreds of thousands of financial industry workers lose their jobs. Then, beginning late last year, a rash of suspicious deaths start to occur among current and former bank employees.  Next we learn that four of the Wall Street mega banks likely hold over $680 billion face amount of life insurance on their workers, payable to the banks, not the families. We ask their Federal regulator for the details of this life insurance under a Freedom of Information Act request and we’re told the information constitutes “trade secrets.”
According to the Centers for Disease Control and Prevention, the life expectancy of a 25 year old male with a Bachelor’s degree or higher as of 2006 was 81 years of age. But in the past five months, five highly educated JPMorgan male employees in their 30s and one former employee aged 28, have died under suspicious circumstances, including three of whom allegedly leaped off buildings – a statistical rarity even during the height of the financial crisis in 2008.
There is one other major obstacle to brushing away these deaths as random occurrences – they are not happening at JPMorgan’s closest peer bank – Citigroup. Both JPMorgan and Citigroup are global financial institutions with both commercial banking and investment banking operations. Their employee counts are similar – 260,000 employees for JPMorgan versus 251,000 for Citigroup.
Both JPMorgan and Citigroup also own massive amounts of bank-owned life insurance (BOLI), a controversial practice that pays the corporation when a current or former employee dies. (In the case of former employees, the banks conduct regular “death sweeps” of public records using former employees’ Social Security numbers to learn if a former employee has died and then submits a request for payment of the death benefit to the insurance company.)

Obamacare Analysis: For every Person Newly Insured, Tax Payers will Dole out $53,000

Taxpayers will pay over $53,000 per each person newly insured under Obamacare, according to a Daily Caller News Foundation analysis of the Congressional Budget Office data. 

Last week’s highly debated CBO report found that Obamacare will cost slightly less than expected over the next decade. The budget office shifted its assessment of the health care law due to unexpectedly low premiums, which it attributed not to lowered costs but on “less attractive” health insurance offerings than it assumed would be available.

The Center on Budget and Policy Priorities, a liberal fiscal policy group, released its own analysis of the CBO findings Tuesday, concluding that the CBO had also cut the estimated cost of the Medicaid expansion on state budgets. 

The CBO predicts that on average, federal taxpayers will now pay over 95 percent of the total cost of the Medicaid expansion. Fewer than expected Americans who were already eligible for traditional state Medicaid programs signed up for coverage while programs received free publicity due to the furor over the Medicaid expansion, leading to a lowered estimates of the Medicaid costs states will incur.

Russia Sanctions And The Dollar World Reserve Currency: Avalanches Begin As Snowflakes

While Russia does what the US has always done with regards to their threatened national interests (e.g. the petrodollar, oil-gas), the situation in Ukraine is ratcheting up as the West continues escalating sanctions against Russia who is responding with their own ‘tit-for-tat’ moves and counter-moves, a very dangerous game being played by world super powers.
Ukraine has been in the news for weeks and weeks as the metaphorical snowflakes have been piling up on the slopes. The question is, when will the slope suddenly and violently give way into a roaring avalanche? And if it does, are you prepared for the consequences?

What could possibly go wrong?

In this situation, Russia and China have become ‘friends’. Russia’s foreign ministry recently announced that China is largely “in agreement” with them on Ukraine. Russian Foreign Minister Sergei Lavrov reportedly discussed the situation with his Chinese counterpart, Wang Yi, and claimed they had “broadly coinciding points of view.”
China refused to vote in favor of sanctions against Russia.
While the mainstream media focus is on the conflict between Russia and Ukraine, they are ignoring the possibility of disastrous economic consequences from this avalanche in the making.
What about the status of the U.S. dollar as the world’s reserve currency?
Is there growing doubt about the viability or necessity of the US dollar as an intermediary for foreign exchange of goods?
For example, the chief economist of Russia’s largest bank recently said the Chinese yuan could become an additional world reserve currency with the US dollar and the euro. Did you know that China has been buying up massive quantities of gold? Perhaps as a ‘backing’ for future currency endeavors on the world stage?
It is not beyond the realm of possibility that we might see other countries teaming up with Russia and China looking for some revenge against the U.S. and looking to hurt the dollar.
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