ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Apr 23 16:41

Are we on the road to a US $100 oil price?

Apr 23 13:36

How will we get to the new monetary system?

Apr 23 13:33

TRUMP SANCTIONS IRAN!! OIL TO SKYROCKET!

Apr 23 12:09

Central banks spur growth? Well, not really.

Apr 23 11:30

The Orchestration of Russophobia Is the Prelude to War

The Russian Embassy in Washington has prepared an accurate 121-page report, THE RUSSIAGATE HYSTERIA: A CASE OF SEVERE RUSSOPHOBIA.

Everyone should read this report. It documents the fake news, lies, violations of diplomatic standards and international law, and gratuitous aggressive actions taken against Russia during the period beginning May 18, 2016 and continuing through the issuance of the Mueller Report.

Without explicitly saying so, the report shows that neither the US government nor the American media has a nanoparticle of integrity. Both are criminal organizations that are willing to risk war with Russia in their pursuit of narrow policitized agendas.

This is important information for Americans and the rest of the world to have. Every person, every government and every private organization that supports Washington’s Russophobic policies is contributing to the growing threat of nuclear war.

Webmaster's Commentary: 

Paul Craig Roberts... is one of the true "adults in the room" in Geopolitics; I sure wish he was our Secretary of State right now, rather than Pompeo.

Why are the peaceful people, who want to ratchet down the rhetoric out there, and make the world a more responsible, less hostile place for its citizens, always marginalized, or sidelined permanently?!?

Because that... makes the US a less war-centric company, and that... makes those companies heavily invested in the creation of weaponry, very unhappy.

But if I were a betting woman, I would not bet against Americans being absolutely ready for a peace candidate; if they just had a chance here, which they do not seem to have.

Apr 23 11:20

Theranos CEO Elizabeth Holmes appears in court on fraud charges for the first time since HBO documentary about the rise and dramatic crash of her multi-billion dollar healthcare start-up

Elizabeth Holmes, the former multi-billion dollar healthcare start-up owner, has appeared at a California court for a hearing ahead of her upcoming fraud trial.

It is the 35-year-old's first court appearance since last month's release of HBO's The Inventor: Out for Blood in Silicon Valley about her astonishing fall.

Holmes and former Theranos president Ramesh 'Sunny' Balwani - who was her boyfriend for years - appeared at San Jose's federal court for a status hearing on Monday.

She faces up to 20 years in jail, a dramatic fall from grace for the former CEO who was named one of America's richest women in 2014 by Forbes, with Theranos valued at $9 billion.

Apr 23 10:54

Oil Shortage Crisis Might Force the Syrian State to Liberate East Euphrates

Muhammad Khodhr, Lebanese Al-Mayadeen News Channel reporter in Syria wrote to almayadeen.net commenting on the pressing issue of the shortages in Syria. Mr. Khdhr’s article is in Arabic and we tried to translate it to our best to English.

The current crisis started on Saturday, April 6th, which the government attributes to the impact of US sanctions on the Syrian economy. Oil Minister Ali Ghanem said during a tour of the gas stations that the material was available at stations in an effort to reassure consumers who have just got out of a severe shortage in gas which stretched throughout the winter months and effectively ended with the start of the spring.

Apr 23 10:51

Couple’s DIY Luxury Campervan Conversion Only Cost $12K

By Natural Blaze

Marjolaine and Alex yearned for adventure on the open road. They converted a Ford van into a camper and now they’re spending a year exploring Central America and living simply in their luxury DIY campervan conversion.

Check out a video tour of their full DIY conversion. In the video, they explain that the entire build cost around $12,000...

Apr 23 10:47

Iraq 'will be deprived of power' if it cuts Iran gas imports

raq's electricity minister said on Monday that the country will be "deprived of power" if the US decides to end its sanction waivers that has allowed Baghdad to purchase Iranian energy such as gas and electricity.

The US has granted eight countries a six-month exemption allowing them buy Iranian hydrocarbon products despite Washington's embargo, which took effect in November, but Washington announced the end of the waiver on Monday.

Iraq has received separate extensions to continue importing Iranian gas since the imposition of the economic embargo.

Baghdad was granted an extra 90-day waiver in March and it remains unclear whether it will be extended once again.

“If this stops then we will be deprived of 4,000 megawatts of electricity,” Musab Al Mudaris, spokesman for the Iraqi ministry of electricity, said on Monday.

The waiver stipulates that the countries must take steps to reduce Iranian purchases and move towards ending imports.

Webmaster's Commentary: 

So, the US government wants to attempt to get Iraq to stop buying Iran's oil?!?

How, really, are they going to do this?!? Re-invade Iraq, with an Iraq2.0, "golden cut" invasion?!?

Apr 23 10:32

US Delivering Excavation Equipment to Syria’s Kurdish YPG

In a move that is likely to rile up NATO member Turkey, the US has made a huge delivery of equipment to the Syrian Kurdish YPG, a group Turkey considers terrorists, and have long threatened to invade.

200 trucks crossed into Syria’s Deir Ezzor from neighboring Iraq. This is not a military shipment. Rather, it is building material and construction equipment intended to allow for reconstruction after the defeat of ISIS.

That’s the US version at least, but the inclusion of substantial excavation equipment is fueling concern, particularly in Turkey, that this is going to be used for mass tunnel digging across Syria, in anticipation of the Turkish invasion.

Webmaster's Commentary: 

The issue of timing here, is critical.

This delivery of construction equipment to the Kurds, signals that the US is favorable to trying to bring about an independent Kurdistan, and Turkey is going to become totally ballistic if this happens.

So let's take the scenario to the next step; If Kurds start attacking Turkish troops, who are NATO allies, as are our troops, what is the US government's position be?!?

This comes to us today, through the courtesy of the US's Department of "You can't make this stuff up!"

Why are the military and civilian leadership of this country, never able think something through to the end of its most logical scenarios?!?

Apr 23 10:16

How Do You Prefer Your Empire: Coarse or Polite?

It amounts to a matter of taste; how you prefer the emperor to behave. Such is political life in the late-stage American Empire. Both major parties offer nothing but the same – hyper-military interventionism and the quest for global hegemony – in the charade of choice each election cycle. The question, as 2020 approaches, is whether we can expect more of the same from the Democratic and Republican candidates for president. Of course, the use of this label, emperor, will undoubtedly make many a reader squirm and/or dismiss this piece.

Webmaster's Commentary: 

That will only start to change, when the US government does a complete resurrection of the Draft, which I figure may be coming forward either this year, or next.

And remember; this time, the Pentagon won't just becoming for your sons; they will be coming for your daughters as well.

Apr 23 10:05

Poroshenko out, Zelensky in: West backed the wrong man in Ukraine & now it’s payback time

Volodymyr Zelensky’s victory in Sunday’s Ukrainian Presidential election marks the moment when the Western populist wave comes to the post-Soviet space.
It also serves as a complete rejection of the divisive, ethno-nationalist policies pursued by his opponent, Petro Poroshenko, over the past five years.

Like US President Donald Trump and Italy’s Beppe Grillo, Zelensky has leveraged a major television profile for political gain, but he’s pulled it off on an inclusive platform in his campaigning, contrasting with the discordant rhetoric of his opponent.

Now, Ukraine faces an unusual situation. It has replaced an ideologically fanatical President with a complete unknown quantity. One who lacks any parliamentary power-base and must wait six months for elections to the legislature, the Rada.

Webmaster's Commentary: 

President Trump is going to have to bend over backwards,because of what President Obama, Victoria Nuland, et al, did, with their "canonization" of Poroshenko.

I hope that Trump will meet with Volodymyr Zelensky, and soon, to try to ratchet down the tensions between Russia and Ukraine; that would be a wonderful thing to see happen.

Of course, after having done this once, the US MIGHT think about another "Maidan Spring" to topple Zelensky; but should that happen, by now, the people of Ukraine are going to get so furious, that any usurper will be shown the door, with the door securely bolted behind him.

And I have to wish this guy good luck; he... is going to need it.

Apr 23 10:04

Hezbollah: US Iran Sanctions Amount to Aggression Against Entire World

The secretary general of the Lebanese Hezbollah resistance movement denounced US economic sanctions against Iran, describing the punitive measures as “an act of aggression” against all world nations.

“US efforts to increase economic pressure on Iran, especially its pledge to drive the country’s oil exports to zero, will have negative repercussions and will affect the entire world, including the US itself,” Seyed Hassan Nasrallah said as he addressed his supporters via a televised speech broadcast live from the Lebanese capital Beirut on Monday evening, presstv reported.

He then called on world nations to stand up against “US arrogance”>>>

(*take it easy on him fellas , he came down from The Exoneration Euphoria . be grateful you don't live in A US Blue State , is all I can tell you !)

Apr 23 09:05

Microsoft – A Sell?

Apr 23 08:55

Absolutely incredibly bullish?

Apr 23 08:44

AMERICANS ARE IN DEEP TROUBLE: 23% SAVE NOTHING FROM PAYCHECKS

Americans continue to dig themselves in a deeper and deeper hole. While many have no savings, they continue to pile on the debt and liabilities. All of these problems will make the next recession difficult for most to get through financially.

Webmaster's Commentary: 

Where you can, strip down; move to a smaller place, if you are renting; make sure you have some physical gold and silver in your personal possession; don't have any more money in the checking account than is absolutely necessary.

Don't buy on credit, particularly if your interest rate is floating; the next time the bill comes up, you may be in for a huge shock.

Pay off the smallest balance on your credit card, then when it is paid off, use that money to pay off your second smallest balance.

Repeat until the last bit of your most heavily used card is paid off. That will really go toward building your credit score positively.

Apr 23 08:27

Oil Price Hits Fresh 2019 High After US Ends Waivers for Importing Iran Oil

Brent crude oil price on Tuesday rose to its highest level this year, just hours after Washington decided not to renew waivers that allow eight countries to buy Iranian oil without facing the United States' punishment.
Brent, the international oil benchmark, rose 0.8 percent to $74.64 in early European trading on Tuesday, adding to gains on Monday to reach its highest level since early November.

On Monday, West Texas Intermediate (WTI), the US marker, crude futures hit their highest level since October 2018 at $65.95 per barrel before edging back to $65.89, which was still up 0.5 percent from their last settlement. On Tuesday, West Texas Intermediate increased 0.9 per cent to $66.13.

>>>

Apr 23 08:24

DO YOU REMEMBER THE OIL CRISIS AND “STAGFLATION” OF THE 1970S? IN MANY WAYS, 2019 IS STARTING TO LOOK A LOT LIKE 1973…

SOURCE: THE ECONOMIC COLLAPSE

The price of gasoline is rapidly rising, economic activity is slowing down, the Middle East appears to be on the brink of war, and Democrats are trying to find a way to remove a Republican president from office. In many ways, 2019 is starting to look a lot like 1973. For many Americans, the 1970s represent a rather depressing chapter in U.S. history that they would just like to forget, but the truth is that if we do not learn from history it is much more likely that we will repeat our mistakes. And without a doubt, right now a lot of things are starting to move in a very ominous direction.

“Stagflation” was a term that was made popular in the 1970s, and it occurs when there is a high rate of inflation but economic growth is declining or stagnant.

The U.S. hasn’t had a serious bout with stagflation in quite a while, but it appears that we may be moving in that direction.

Webmaster's Commentary: 

I remember this, because I lived through it in Southern California, during the "odd/even" way of dispensing gas, which was by your car license plate tag number, if I remember correctly, and it was an absolute pain to live through.

Apr 23 08:20

NEW CENSUS NUMBERS REVEAL AMERICANS ARE STEADILY MIGRATING WEST AND SOUTH – AND AWAY FROM HIGH TAX BLUE STATES

Published: April 23, 2019
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SOURCE: THE ECONOMIC COLLAPSE

The U.S. Census Bureau has just released their annual report on how the U.S. population is shifting, and there are some very clear patterns in the data. If you look at this Census Bureau map, you will see lots of purple (areas where the population is growing) in the west and the south, and you will see lots of orange (areas where the population is declining) in the north and the east. Of course this is a continuation of a pattern that we have been seeing for decades. Given the ability to choose, many Americans would rather live in areas of the country that are warm and sunny, and that makes a lot of sense. But that is not the only pattern that we see in the data.

From July 1, 2017 to July 1, 2018 seven of the ten counties that had the largest percentage increase in population were either in Texas or Florida…

McKenzie County, ND: 7.1 percent
Williams County, ND: 5.9 percent

Apr 23 08:17

CELL TOWER REMOVED FROM SCHOOL AFTER MULTIPLE STUDENTS AND TEACHERS DIAGNOSED WITH CANCER

Ripon, CA — As 5G technology begins to roll out across the country, it is being met by a massive wave of resistance over concerns that it can cause health problems. While 5G is still relatively new, concerns over 4G and older technology still persist as well. A school in California has taken things to the next level and removed a cell tower from their campus after several students and teachers were diagnosed with cancer.

Since 2016, four students and three teachers have been diagnosed with different forms of cancer at Ripon Elementary. Also, two smaller children — too young to attend school — who live near the school tower, have been treated for a malignant tumor and leukemia, and a 22-year-old former student has recently undergone surgery for a brain tumor.

Webmaster's Commentary: 

Not one kid, nor one teacher, should have become ill with cancer from the Sprint Tower here; and let this be a cautionary tale to school districts throughout the country; don't allow a cell tower to be raised on any of your campuses.

The probability of a cascade of lawsuits, both against School Districts which approved these sites, and the mobile carriers who installed dishes on these sites, may ramp up horrifically from here.

Apr 23 08:08

TO BECOME AN AMERICAN, PROVE YOU HAVEN’T SMOKED POT

SOURCE: CATO.ORG
One requirement for immigrants to naturalize and receive U.S. citizenship is that they affirmatively demonstrate “good moral character.” America’s nanny staters have decided that consuming marijuana in any form is, well, immoral. The Trump administration decided this week to clarify further that it is still immoral to use, share, sell, or manufacture marijuana that is legal at the state level. The updated guidance states:

Webmaster's Commentary: 

According to the stats by The Recovery Village: How Long does Marijuana Stay in your System?

People who smoked marijuana in the last:
30-45 days can fail a urine test
60-75 days can fail a blood test
Up to 90 days can fail a hair follicle test

Though the effects of THC, the main chemical in marijuana, wear off within a few hours of ingesting marijuana, traces of the chemical can remain in the body for weeks. There is no perfect formula for determining exactly how long marijuana stays in someone’s system during a urine, blood, saliva or hair drug test.

So what is supposed to happen, now, in terms of states which have allowed the legal sale of marijuana?!? Is that just supposed to "go away" from this edict, or will it go all the way up to the Supreme Court as a test case, about Federal Law here superseding State Law?!?

And in light of the fact that the legal sale of marijuana has happened in 10 US states (along with the district of Columbia States where the sale of marijuana is legal, will those states which have already legalized the drug be made to renounce the legal sale of it, because of these "guidelines"?!?

Apr 23 07:38

MASSIVE FEDERAL SWEEP NABS 60 DOCTORS ACCUSED OF DISTRIBUTING MILLIONS OF OPIOID PILLS FOR SEX, CASH

SOURCE: ELIAS MARAT @ THEMINDUNLEASHED.COM
In the biggest crackdown of its kind in the nation’s history, the U.S. Department of Justice (DOJ) has charged 60 doctors, nurses, and pharmacists with having illegally handed out millions of prescriptions for opioids in a pattern of malpractice that fed the flames of the ongoing opioid addiction crisis.

Medical professionals throughout the industry including general practitioners, dentists, nurse practitioners, podiatrists, and orthopedic specialists have been accused of trading drugs for sex, writing prescriptions to Facebook friends in the absence of a medical exam, and even pulling teeth without a legitimate basis beyond acquiring prescriptions for pain pills.

While the methods in each case varied, prosecutors remain adamant that those who were already suffering an addiction to the opioids were given prescriptions to feed their often-deadly dependence on such drugs as oxycodone, methadone, and morphine.

Webmaster's Commentary: 

Isn't it the Hippocratic Oath, something the medical community used to follow in it's premise, which was, "First, to do no harm"?!?

Apparently, the people doing the bad prescribing in these cases, have very conveniently stopped honoring that premise.

Apr 23 05:18

Housing looks terrible

Apr 22 16:17

Commercial Real Estate Bubble?

Apr 22 12:26

The Coming Retirement Crisis (w/ Raoul Pal)

Apr 22 12:22

Crude Slides As Iran Waiver Wind-Down Period Will Last A Year

Update 3: Oil prices have erased their earlier gains and fallen below a key technical level after a State Department official revealed that the wind-down period for removing the waivers on Iranian crude exports would be a year.

Apr 22 12:20

America's Forced Financial Flight: Fleeing Unaffordable And Dysfunctional Cities

For hundreds of years, rural poverty has driven people to urban areas: cities offer paying work and abundant opportunities to get ahead, and these financial incentives have transformed the human populace from largely rural to largely urban in the developed world.

Now a new set of financial pressures are forcing a migration of urban residents out of cities which are increasingly unaffordable and dysfunctional.As highly paid skilled workers and global capital have flooded into high-job-growth regions, living costs and the costs of doing business have skyrocketed: where not too long ago $1,000 a month would secure a modest one-bedroom apartment in major urban job centers, now it takes $2,000 or $3,000 a month to rent a modest flat.

Apr 22 12:13

Why are people investing in growth ETFs?

Apr 22 12:03

MAJOR: Anti-Russia Sanctions Have Cost Austria $100 Billion

Austrian municipalities were greatly affected by anti-Russian sanctions, especially companies in Austria and other European countries, said the former mayor of the city Linz, Detlef Wimmer, at the International Economic Forum in Yalta.

The official indicated that the economic restrictions caused damages amounting to “$100 billion”.

“The United States, which imposed sanctions against Russia, has harmed even the companies of many European countries, but Russia managed to survive, we see the situation in Crimea, we see what has been built here in the last five years,” said Wimmer.

The mayor of the city added that Austria at the district level does not share “the principles that lead to sanctions.”

The relations between Moscow and the West worsened as a result of the situation in Ukraine and the reincorporation of Crimea to Russia after the referendum held in March 2014, in which more than 96% of the voters endorsed this option.

Apr 22 11:41

Clown World - Poo Francisco

Such a "progressive" place! Like, all those "ignorant" red states are like sooooooooo "backward" and stuff using those white supremacist modern toilets. Honk Honk!

Apr 22 11:39

Elizabeth Warren Proposes $640 Billion Student Debt Relief

Sen. Elizabeth Warren (D-MA) proposed Monday a new $640 billion student college debt relief program that would also eliminate college tuition for all two and four-year public colleges.
The 2020 Democrat presidential candidate unveiled the ambitious policy proposal as she attempts to distinguish herself from the large and progressive Democrat field. Warren released the proposal ahead of a series of youth-oriented CNN town halls Monday night with 2020 presidential candidates at Saint Anselm College in New Hampshire.

“It’s a problem for all of us,” Warren noting, that student college debt has reached more than $1.5 trillion and affects more than 40 million Americans. “It’s reducing home ownership rates. It’s leading fewer people to start businesses. It’s forcing students to drop out of school before getting a degree.”

Apr 22 11:28

Millennials will be crushed under debt: Non-housing debt now reaches $4+ trillion in the United States.

Millennials continue to face the struggles of living in a world where they are deep in debt and the idea of buying a home is becoming more of a farfetched pipe dream. As recently as 2009 non-housing debt stood at $2.5 trillion. Today it is over $4 trillion, a 60 percent increase in 10 years. Of course, it is no surprise that 2009 is the official end of the Great Recession and much of the recovery has come at the expense of going into massive debt. Millennials continue to face struggles in purchasing homes because they are saddled with $1.46 trillion in student debt. Non-housing debt is already creating deep pressures on the balance books of Millennial households.

Apr 22 10:58

Trump’s Washing Machine Tariffs Cost Consumers $800,000 Per Job Created

By Mark J. Perry

If the Dealmaker-in-Chief thinks it’s a good deal to force US consumers to pay $820,000 annually in higher costs to create a new $43,000-per-year factory job, then he might have to re-think his deal-making strategies or take some remedial economics courses in the economics of trade protection. Is that Trump’s idea of the kind of “winning” we’re supposed to get sick of?...

Apr 22 10:56

COMEDIAN WHO "CAME TO BREAK THE SYSTEM" WINS UKRAINE PRESIDENTIAL ELECTION BY LANDSLIDE

According to exit polls, millions of voters - weary of war and economic hardship - have thoroughly rebuked the incumbent elites, overwhelmingly voting for 41-year-old TV comedian Volodymyr Zelenskii in Ukraine's presidential election today.

"I voted for Zelenskii because everything he said is true," said Viktoriia Bengalska, a 45-year-old secretary in Kiev.

"It's impossible to survive on this salary, prices have increased like crazy, and we were promised something totally different."

Webmaster's Commentary: 

I just have to wonder if the folks formally in this government and others, let's say,.... President Obama, Obama admits, on CNN, that the US government was a part of the group to replace Yanukovych with Poroshenko
or .....Victoria Nuland,US spent 5 billion ,US, on installing Poroshenko and the folks from the the world bank, who backed the cu-cu-ca CHOO" in Ukraine in 2014, feel about Poroshenko's having fallen flat on his face in this election, meaning that they are going to have to negotiate with the new guy, to see what kind of "deal" they can work with him.

You have GOT to love both the the hubristic stupidity and irony of this move, and what it has actually cost those who brought it about.

And President Obama, and Ms. Nuland, since it was never YOUR money you spent, but the money of the American people, I would politely suggest, that this amount would have done a lot to assist our Veterans, who are dealing with chronic health issues, both physically and psychologically, after they are released from their term of service.

But there is one thing that I would suggest may happen in this "route" of the American-backed government; the people of Ukraine will never believe anything any US administration says, henceforward.

Great job, there, Obama and Nuland!! Way to go!!

Apr 22 10:52

The Benefits of Being Broke for a Decade

Apr 22 10:06

THE NATIONAL DEBT IS THE MOST SERIOUS CRISIS AMERICA FACES

A generation ago, the national debt stood at just a smidgen over USD $4 trillion and a young presidential candidate named Bill Clinton was discussing a great plan he had to have it entirely paid off by now. Oops. The national debt is now 5.5 times bigger.

More than anything, this astoundingly bad public policy is the fault of Barack Obama, undoubtedly the most irresponsible president in our history…who added on more to the national debt than all other presidents combined in an orgy of Washington, DC, debauchery that saw the size of the federal government mushroom while hundreds of thousands of new bureaucrats were added to federal payrolls, and Washington, DC, housing prices skyrocketed as federal government employees and private industry sub-contractors paid for by the government reveled in their six-figure paychecks and outrageously lavish healthcare and pension plans… all paid for by us, the taxpayers.

Webmaster's Commentary: 

Looks as though winning a seat in Congress, or being one of the "sweetly monied" contractors it uses, is akin these days to winning the lottery; and a big one, at that.

Apr 22 09:12

OIL SPIKES ANOTHER 2%; CA HIGHEST IN 5 YEARS

Apr 22 08:17

Semis recovery secured?

Apr 21 13:46

This is all very 1929ish type behavior!

Apr 21 11:25

Housing starts, Unemployment claims, China

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