After Blocking Zero Hedge And Others, NZ Telcos Demand Big-Tech Censorship Surge To “Protect Consumers”

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In the wake of last week’s terror attacks at two New Zealand mosques which left 50 dead, several websites which either reported on the incident, hosted footage of the attacks, or have simply allowed people to engage in uncensored discussion such as Dissenter or Zero Hedge, have been partially or completely blocked in both New Zealand and Australia for the sake of “protecting consumers,” according to the CEOs of three New Zealand telcos.

In the immediate aftermath of the shooting – which was broadcast over Facebook Live by accused gunman Brenton Tarrant to an initial audience of just 200 viewers (none of whom reported it) and had 4,000 overall views before it was taken down – Facebook deleted 1.5 million videos of the attack, of which 1.2 million were blocked at the time of upload. Continue reading

EU, not China or Japan, is the biggest US Treasury holder. And this is not a good sign.

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US-based media have been reporting that Japan has become the biggest holder of the US treasuries, surpassing China last month. However, this is true only in regard to single countries. If we consider the European Union member states collectively, then they appear to be the biggest holder of the US treasuries. It has been so almost one year long. Unfortunately, the EU’s holdings are artificially overstated because of some financial havens and they are going in the opposite direction to the trend: up rather than down. Continue reading

On Poland and Detroit. Not For the Faint of Heart.

Back to finance.  Poland did exactly what I and a few others have been warning about for years with regards to private retirement accounts and pensions.  Poland confiscated 50% of all private pension funds last week.  PRIVATE pensions.

As Warren Pollock and I have been screaming, one of the largest chunks of collateral left in the system is private retirement money, both in the form of 401(k)s and IRAs and in private pension accounts.  In the U.S., the latest data for 2012 shows that there are now $10.5 Trillion in private 401k and IRA holdings, with another $9 Trillion in pensions and annuities.

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The regime has been fairly open about its plans to “nationalize”, read CONFISCATE, this collateral and implement a system of “mandatory retirement savings accounts”, which will be just another confiscatory redistribution into the hands of the oligarchs and their cronies.  This what Poland just did.  This is what MF Global was in its essence.  This is what Cyprus was, except the Cypriot confiscation was done to demand deposit accounts instead of retirement accounts, which is now termed a “bail-in” – but it is all of the same stripe, namely the utter destruction of the notion of private property and the redistribution of all wealth into the hands of the oligarchs.   In Poland, the private pension paradigm has now also been destroyed because no one will want to put money into a private pension after this knowing that it can and will be stolen by the government at any time with zero redress. Continue reading