ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Apr 17 12:55

AP: You Should Show 'Love' For DC Residents For 'Paying The Most Taxes'

We should be thanking the tax parasites in Washington DC for "send[ing] the most tax dollars per person to the US government," at least according to the Associated Press.

Apr 17 12:20

GOLD PRICE SURGES AS INVESTORS SPOOKED

Apr 17 12:20

Monday Madness – China Spends $1Tn and Still Fails to Grow 7% in Q1

$1,000,000,000,000!

That's a lot of money. It's 1,000 Billion Dollars or one Million Million Dollars and it's how much China spend is just 3 months attempting to keep up appearances while the real economy continues to slow down. Can China keep on spending at a $4Tn annual pace (40% of GDP) for the rest of 2017? Sure they could – because no one seems to give a damn about debt spending anymore – but that doesn't mean they should.

Apr 17 12:04

HOW OUR TAXATION SYSTEM SCREWED EVERYTHING UP

Apr 17 11:58

Russia And China Preparing Alternative Banking Architecture

It may have arrived with little fanfare, but Russia’s SWIFT alternative has, more or less, arrived. Speaking in no uncertain terms at a meeting with Russian President Vladimir Putin late last month, Elvira Nabiullina, the Governor of Russia’s central bank, stated: “We have finished working on our own payment system, and if something happens, all operations in SWIFT format will work inside the country. We have created an alternative.”

Webmaster's Commentary: 

Apr 17 11:03

Boeing To Lay Off "Hundreds" Of Engineers

President Trump will not be amused. In a letter to employees, Boeing VP John Hamilton announces that the company will lay off "hundreds" of engineers as soon as this week, affecting Washington and "other enterprise locations."

As Bloomberg headlines show:

*BOEING TO SEND NOTICES FOR INVOLUNTARY LAYOFFS APRIL 21
*BOEING ENGINEERING LAYOFFS PLANNED FOR JUNE 23, 2017
The timing is interesting as the Ex-Im Bank discussions hot up and comes just 2 months after Trump visited Boeing's South Carolina plant.

Standing in front of a new Boeing 787-10 Dreamliner passenger aircraft made at in North Charleston, Trump repeated his campaign promises to promote American production that partly fueled his dizzying path to the White House. He warned of a "substantial penalty" for companies that move jobs out of the United States.

Webmaster's Commentary: 

This is a really TERRIBLE sign for the US economy.

Apr 17 10:46

Why your money will VANISH in a collapse!

Apr 17 10:01

The Big Sap: Income Tax

Great Cartoon and even better article.

The IRS deception works simply because the American people have been programmed to believe in a fiction called the U.S. dollar. The U.S. dollar cannot be measured by the five senses. Green strips of paper with numbers on them are not dollars. They are only symbols of dollars. But belief in the dollar as substance (not fiction) is so ingrained and widespread that it ranks with religion.

When Americans discover that the government and its symbiotic partner, the Federal Reserve, create credit in unlimited amounts, they will know that the idea of income taxes is nothing more than political subterfuge. They will know that federal budgets and national debts are fictions and diversions. They do not exist.

When the government creates credit and passes it into circulation in exchange for goods and services, it is stealing. It is exchanging nonsubstance, a fiction, for substance. It is theft on an unbelievable scale.

Apr 17 09:41

RUE21 TO SHUTTER NEARLY 400 STORES NATIONWIDE

Apr 17 09:36

Distrowatch: Your source for Linux, Unix and BSD Operating Systems and Software

Linux is surging. Go Linux!

Page Hit Ranking
Data span:
Rank Distribution HPD*
1 Mint 2816>
2 Debian 1885>
3 Manjaro 1678>
4 Ubuntu 1513=
5 openSUSE 1312<
6 Zorin 1133<
7 Fedora 1045=
8 deepin 932>
9 Antergos 920>
10 elementary 917<
11 CentOS 817=
12 Solus 743>
13 Arch 734=
14 PCLinuxOS 725=
15 ReactOS 604>

Apr 17 09:18

CONSPIRACY vs FACT: How Much Gold Is In The World??

There still seems to be some doubt in many investors minds on how much gold there is in the world. I continue to receive emails from individuals who read articles stating that the amount of gold in the world is much greater than the official estimate. Recently, I have received a spike of emails questioning the amount of gold in the world due to all these supposed “SECRET GOLD STASHES.”

Apr 17 08:25

President Trump Says Fed Chair Janet Yellen "Not Toast"

Trump's Wall Street Journal interview revealed the president is sticking with his dovish interest rate views and appreciates Fed Chair Janet Yellen. WSJ's David Harrison says it could resolve the dilemma Trump has long faced over monetary policy.

Apr 17 07:30

Richest man in Asia aggressively preparing for collapse

The world is awash in crisis with wars looming, economies crashing and revolutions brewing. Doomsday bunkers sales are soaring and individuals from coast to coast are getting ready for whatever tomorrow may bring. Moreover, even governments like China and Russia are preparing, having gone so far as to create their own exchange mechanism to trade directly with gold in the event of a global currency crisis or financial meltdown.

Apr 17 07:28

Lives on hold, literally, laid-off in Pennsylvania can't get jobless benefits

What has Salvato in a tizzy is the near-collapse of Pennsylvania’s unemployment compensation system.

In mid-December, the state closed three service centers and furloughed 521 workers, or a third of the people who deal with unemployment compensation. Since then, calling the number on the state’s unemployment website has been an exercise in frustration with endless busy signals, dropped calls, and hours spent on hold.

Salvato, an executive assistant, lost her job Feb. 13.

It took her eight weeks to get her first check, despite intense effort and no opposition from her former employer, a Philadelphia hospital.

Apr 17 05:16

Trying to Save Monte Paschi – Oldest Bank in the World

The EU Commission is looking to bailout Monte Paschi by almost eliminating more than 5,000 jobs. The Monte Paschi plan that was presented last October called for 2600 layoffs. It is the oldest surviving bank in the world and the third largest Italian commercial and retail bank by total assets. This makes it a critical bank in Italy. It has been struggling to avoid a collapse. It was founded in 1472 by the magistrates of the city state of Siena as a “mount of piety” by name.

Apr 17 04:28

Remember the Housing Bubble of 2008? Meet the car loan bubble of 2017…

After nearly a decade of being able to borrow money for next to nothing, interest rates are finally beginning to creep higher. Even the relatively small increases seen so far have caused problems in the previously booming automobile industry. The size of the auto loan market has ballooned to a historic 1.1 trillion dollars, and subprime lending has once again become the norm. Teaser offers that allow people to get cars with zero money down and 84-month financing have fueled a wave of irresponsible spending. Americans’ tendency to associate success with having nice things has driven many people who can’t afford to buy a house to get the next best thing — a brand new car.

Apr 16 17:38

Atlanta Fed GDPNow Forecast Spirals Closer to Zero

Hammered by retail sales and inflation.

Apr 16 09:46

Germany Building Free Housing for Refugees worth 3 million

In Germany, Martin Schultz wants to give refugees the right to vote. So if he cannot win with Germans, he wants to give the right to vote to refugees to win by bribing them.

Apr 16 09:14

Is Your State In Serious Financial Trouble?

Maybe you’re looking for a fresh start. Or perhaps you’re looking to find a different job, or you’re trying to get out of the city. Whatever the case may be, when you’re looking for a new place to live there’s a lot to consider. And if you’re thinking of crossing state lines to find a new home, there’s one vitally important detail that you need to think about and research.

Apr 16 08:00

Standard of Living Declined in Britain Due to Government Austerity

A new study shows that the standard of living in the UK has dropped for the first time since 2014. This is the result of government austerity says economist John Weeks

Webmaster's Commentary: 

"It is not enough that we be rich, everyone else must be poor!" -- Money Junkies

Apr 16 06:42

GRUNCH of Giants (GRoss UNiverse Cash Heist): Bucky Fuller’s final insight of humanity’s choice for either a world that works for everyone with no-one left out, OR stupefied ignorant submission to lies, looting, destruction, and our own deaths through WW3

*hyperlinks/videos live at source*

There exists a realizable,

evolutionary alternative

to our being

either atom-bombed into extinction

or crowding ourselves off the planet.

The alternative is the computer-persuadable veering of big business from its weaponry fixation

to accommodation of all humanity

at an aerospace level of technology, with the vastly larger,

far more enduringly profitable for all, entirely new

World Livingry Service Industry.

It is statistically evident

that the more advanced

the living standard,

the lower the birth rate.

~ Bucky Fuller’s Foreword to GRUNCH of Giants

Apr 15 16:23

With Bankruptcies And Store Closures On The Rise; What’s Really Causing Retail Meltdown In The U.S?

Retailers reportedly are filing for bankruptcy protection at a disturbing rate that's flirting with recessionary levels. Meanwhile, a steady stream of store closures continues to haunt the battered American retail industry.

Apr 15 12:55

Raspberry Pi

Quirky Xerus is fastest. You have to update Mate by terminal including the kernel. Linux Mint has a tool called disks that makes installation to your micro sd easy as pi!

https://www.raspberrypi.org/downloads/

* NEW * Quirky Xerus for the Raspberry Pi
October 24, 2016 - Barry Kauler, creator of Puppy and Quirky Linux, released his latest Quirky Xerus version 8.1 for the Raspberry Pi. (Updated to 8.1.2 on 25 November 2016.)
http://puppylinux.org/main/Download%20Latest%20Release.htm

Ubuntu MATE for the Raspberry Pi 2 and Raspberry Pi 3
Martin Wimpress and Rohith Madhavan have made an Ubuntu MATE image for the Raspberry Pi 2 and Raspberry Pi 3 based on the regular Ubuntu armhf base, not the new Ubuntu “Snappy” Core, which means that the installation procedure for applications uses the traditional tools, ie apt-get.

https://ubuntu-mate.org/raspberry-pi/

Apr 15 12:45

All computers have a processor, and your phone probably uses one designed by ARM.

We got a great question recently that made us remember that not everyone keeps up to date on specs and hardware design. Someone asked what ARM meant.

Firstly, that's an awesome question. I can imagine it's difficult to make sense of some of the technical talk that happens if you aren't sure of even the basics, and the only way to find out is to ask. So, we're glad you asked!

Apr 15 10:22

Tillerson In Moscow: Is World War III Back On Track?

If anyone is worried whether the prospect of a major war, which many of us considered almost inevitable if Hillary Clinton had attained the White House, is back on track, Secretary of State Rex Tillerson’s visit to Moscow was cold comfort. From his remarks together with his counterpart Sergey Lavrov, there is now little reason to expect any improvement in US-Russia ties anytime soon, if ever, and much reason to expect them to get worse – a lot worse.

There has been a great deal of speculation as to why President Donald Trump, who promised a break with the warmongering policies Hillary would have implemented, and which characterized the administrations of Barack Obama, George W. Bush, and Bill Clinton, would have bombed Syria’s Shayrat airbase in retaliation for a supposed chemical weapons (CW) strike without evidence or authorization from either Congress or the UN Security Council.

Webmaster's Commentary: 

In looking, analytically, at the results of last year's election, it has become crystal clear precisely what, rather than who, won that election, and the victor was ...the American Deep State, whose motives, objectives, and plans do not change, regardless of who "chairs" the oval office.

Those agendas include wars with Russia and China, to destabilize the ruble and the yuan, and to protect the financial empires of both the international elite, and the American elite.

Looking at the tensions building up with Syria and Russia, I would not be surprised to see a reinstitution of the draft in this country, and sooner rather than later; but this one will be coming not only for America's sons, but for America's daughters as well.

President Trump has, since his inauguration, proven himself to be totally impotent against the American Deep State, and has done so many flip-flops on domestic and international policies to please his new masters, that it nearly gave me whiplash in watching these position reversals.

What we will see with this man's administration, will be more wars; more state surveillance at every level; more Americans dying and getting maimed for life, for the pursuit of these wars, which are always economic in nature; and more income inequality.

Apr 15 09:28

NSA code that can break into any Windows computer is released b yhacking collective that claims spy agency spie penetrated Mideast banking networks

TheShadowBrokers, which startled the security experts last year by releasing some of the NSA's hacking tools, has recently resumed pouring secrets into the public domain.

In a first for TheShadowBrokers, the data includes PowerPoint slides and purported target lists, suggesting that the group has access to a broader range of data than previously known.

'This is by far the most brutal dump,' said Comae Technologies founder Matt Suiche, who has closely followed the group's disclosures and initially helped confirm its connection to the NSA last year.

In a blog post, he said it appeared that thousands of employee accounts and machines from the EastNets' offices had been compromised and that financial institutions in Kuwait, Bahrain and the Palestinian territories had been targeted for espionage.

Apr 15 09:12

SEC alleges insider trading tied to GCI, Liberty deal

Unknown traders with inside knowledge of the coming acquisition of Alaska telecommunications company GCI reaped more than $1 million in insider trading profits when the deal was announced, the U.S. Securities and Exchange Commission alleged this week.

In a complaint filed Thursday in U.S. District Court in Manhattan, the SEC is suing "one or more unknown traders," either foreign traders or traders using foreign accounts, who the agency says bought GCI options "while in the possession of material, nonpublic information concerning the proposed acquisition of GCI."

The SEC announced Friday an emergency court order to freeze assets in two foreign brokerage accounts associated with the allegations.

Apr 15 09:03

HELP! French farmer mows ‘message of despair’ in wheat field

A French farmer has mown the giant letters HELP into his wheat field, hoping presidential candidates will handle the agricultural sector crisis. He says the authorities are “deaf” to farmers’ anger, but hopes they won't be blind to his “message of despair.”

“Political leaders do not listen to us,” Jacques Fortin from Athée-sur-Cher commune in central France told AFP. “They're deaf to our anger. I hope they're not blind and will read this message of despair.”

Apr 15 08:12

Pawn America files for Chapter 11 bankruptcy protection

Burnsville-based Pawn America Minnesota filed for Chapter 11 bankruptcy protection this week, succumbing to surging competition from online competitors and other factors shaking up the retail sector.

The company — which operates 23 pawnshops in Minnesota, Wisconsin and the Dakotas, including one in Duluth — reported on Wednesday that it owes between $10 million and $50 million to fewer than 1,000 creditors.

Apr 15 08:09

U.S. OIL ASSETS COULD FALL INTO RUSSIAN HANDS IF VENEZUELA DEFAULTS

If Venezuela defaults on its debt obligations, it could result in Russia taking control over U.S. refining assets, leading to more Russian “control over oil and gas prices worldwide,” which would “inhibit U.S. energy security, and undermine broader U.S. geopolitical efforts.”

That is the warning from two members of Congress, Reps. Jeff Duncan (R-SC) and Albio Sires (D-NJ). The two Congressmen sent a joint letter to the U.S. Secretary of Treasury Steven Mnuchin, requesting his attention on the matter. A bipartisan group of six U.S. Senators also requested a response from Secretary Mnuchin on the matter.

They cite the fact that Russia’s government-backed oil company, Rosneft, gave Venezuela’s state-owned oil company, PDVSA, a $1.5 billion loan. As collateral, PDVSA offered up 49.9 percent of Citgo, a subsidiary of the Venezuelan oil company. Citgo owns three refineries in the U.S., along with pipelines and retail gas stations.

Webmaster's Commentary: 

So, what do these Congressmen suggest, as Venezuela melts down politically, economically, and socially?!?

An invasion and occupation, perhaps, to keep these assets from falling into Russian hands, just at the point where the Venezuelan military can no longer control the anger of the Venezuelan people, who see themselves as thoroughly betrayed by their government?!?

Yes, such action would be officially horrible; but the US government has got to look at its own complicity in insuring that the Venezuelan government would ultimately fall, before it whines and complains about this possible outcome from that complicity.

Venezuela sanctioned by the US for trading with Iran, 2011

Venezuela declared a national security threat, 2015

This is yet another example of the US government having a pathological inability to think anything through to its logical conclusion.

If the US government wanted Maduro's "Bolivar Republic" to fail, they should have known that this default was going to become one of the downsides of that economic/social failure.

Apr 15 08:08

Debunking The Washington Post’s Latest Outrageous Attacks On Social Security

A just-released report from the Center for American Progress (CAP) reveals that, once again, the “serious people” in Washington are weaponizing shoddy, inaccurate data to stoke false claims about Social Security. The CAP report exposes The Washington Post’s misuse of data to inflate the numbers of working-age Americans receiving Social Security disability insurance benefits.

Apr 15 07:42

New leak suggests NSA penetrated Mideast banking networks

A new set of documents purportedly lifted from the U.S. National Security Agency suggests that American spies have burrowed deep into the Middle East's financial network, apparently compromising the Dubai office of the anti-money laundering and financial services firm EastNets. The company said Friday the documents were dated and denied that any customer data had been affected.

TheShadowBrokers, which startled the security experts last year by releasing some of the NSA's hacking tools, has recently resumed pouring secrets into the public domain. In a first for TheShadowBrokers, the data include PowerPoint slides and purported target lists, suggesting the group has access to a broader range of information than previously known.

Webmaster's Commentary: 

Imagine my (complete absence of) shock!!

Apr 15 03:55

The Fed Just Communicated The Collapse Of The Economy Is Imminent

Umich confidence rebounds. Those who are making more than 100K a year are worried about defaulting on loans. US homeowner cannot afford a 4% mortgage and the Fed is continually raising rates, this will become a disaster.

Apr 15 03:39

The Murky Situation Of U.S. Employment Status Explained In Five Charts

“If one exclusively listened to rhetoric about the U.S. labor market without checking the data, it'd be tough to tell exactly how things are going. On the one hand, Federal Reserve Chair Janet Yellen and several of her colleagues have suggested the American job landscape is nearing full employment and is almost as good as it could reasonably be.

Apr 14 20:44

The DoD Has No Idea How Much The Mother Of All Bombs Costs

The giant bomb U.S. forces dropped Thursday on an ISIS training camp in Afghanistan did not cost $314 million to develop, or $16 million per unit as reported by multiple news outlets.

Every news report about cost of the “Mother of All Bombs” relied on a misreading of a 2011 article or a dubious internet website that InfoWars once linked to with a “healthy bit of skepticism.”

The actual cost of the bomb is unknown. The actual cost of the program isn’t publicly available because the Mother of All Bombs, officially known as GBU-43 or the Massive Ordnance Air Blast (MOAB), is manufactured by the military and not a private defense company.

In fact, the Air Force doesn’t even keep track of the per unit cost, nor the cost of the program as a whole, because it is not manufactured privately.

Apr 14 19:53

Pharmaceutical giant planned to destroy stocks of cancer drugs to force price hike – report

One of the world’s leading drug companies considered destroying its stockpiles of life-saving cancer medicines and allegedly created artificial shortages in its attempts to profit from price hikes, the Times reports.

The South African Aspen Pharmacare drug company nurtured a plan of destroying its own cancer medicine supplies during its row with the Spanish health service in 2014. It sought to push a price increase for its products amounting to 4,000 percent, the Times reports, citing the company’s internal emails it obtained.

Apr 14 15:29

OLD WEST LEGENDS Charles Goodnight - Blazing the Cattle Trails

Co-founder of the Goodnight-Loving Trail, Charles Goodnight was born in Mocoupin County, Illinois on March 5, 1836. Charles moved with his family to Waco, Texas in 1846 when he was ten years old. By the time he was twenty he was working as a cowboy and served with the local militia in the many fights against Comanche raiders. In 1857, he joined the Texas Rangers, where he continued to fight in the Indian Wars and served as an Indian scout. Later, when the Civil War began, he again served as a scout.

After the war, Goodnight joined up with Oliver Loving to move cattle from Fort Belknap, Texas to Fort Sumner, New Mexico, in what became known as the Goodnight-Loving Trail.

Apr 14 15:21

6 Legendary Mountain Men of the American Frontier

Before the mass migrations of the mid-19th century, some of the only non-natives to venture into the vastness of the American West were small bands of fur trappers, traders and explorers known as “mountain men.” These grizzled, self-sufficient woodsmen helped blaze many of the overland trails later used by the pioneers, and stories of their larger-than-life exploits often became the stuff of legend back East. Find out more about the lives of six adventurers who made their mark on the American frontier.

Apr 14 15:14

John Rubino: The Future of Solar Energy Stocks

The frustration out there is palpable. Skim the comments sections of popular financial sites like Zero Hedge or Seeking Alpha and you’ll see gloom-and-doomy articles drawing responses like “You’ve been saying the same %^#&*! thing for years…he’s a broken clock…this is just scare mongering.” And those are the polite responses.

Apr 14 14:58

What Impact is the Digital World Having on the Gig Economy?

Recent studies and projections have proven that the gig economy is rising on an international level. Unlike decades ago, people are now able to earn income on websites, apps, and other online platforms.

Apr 14 14:29

We are living in a hope driven, profoundly abnormal society. People don’t realize it, but danger is lurking just over the horizon.

The Fed’s balance sheet will not be growing unless we have another market crash. GDP barely grew in the 1st quarter. Stock valuations are at all-time highs. The auto industry has begun to implode.

Apr 14 11:14

Here’s Italy’s Latest Plan B Where Desperation Meets Insanity

Selling securities backed by defaulted loans to NIRP refugees.

Apr 14 10:49

Congress Panics As US Oil Assets Could Fall Into Russian Hands If Venezuela Defaults

If Venezuela defaults on its debt obligations, it could result in Russia taking control over U.S. refining assets, leading to more Russian “control over oil and gas prices worldwide,” which would “inhibit U.S. energy security, and undermine broader U.S. geopolitical efforts.”

Apr 14 10:47

How Military Decisions Are REALLY Made

Here’s how the U.S. actually makes decisions on when to go to war:

First. Decisions are made based – not upon defense – but upon gaining economic and geostrategic advantage.

For example, America has a policy of using the military to contain China’s growing economic influence – and of considering economic rivalry to be a basis for war.

And many recent battles are really pipeline wars.

Apr 14 09:33

The Fed Congratulates Itself For Saving The Economy, Fed Is Collapsing The Economy

Federal Reserve Bank Of Dallas warns Trump that the system cannot continue with this debt load. Trump promises to make the government more efficient. The Fed pats itself on the back for a great job well done.

Apr 14 09:00

Trump's Tax Reform to Help Companies Keep Trillions of Dollars in Offshore Funds

The fifty biggest US companies have now around 1.6 trillion dollars stashed in offshore tax havens, according to a new Oxfam analysis. The revelations come as US President Donald Trump plans to slash US taxes for corporations and wealthy individuals as well as impose a new border tax.

"We basically think that the proposal of President Trump would […] further incentivize the bad behavior, to further incentivize companies to keep more and more money offshore. We'd actually seen this before in the US, during the last tax holiday within 2004 [introduced by] President Bush," Silverman said.

Apr 14 08:53

United tried to bump passengers out of First Class during a Christmas flight from Aspen to make room for CEO Munoz and his family and 'threatened another with arrest for not giving up his seat for a higher priority passenger'

As United Airlines' continues to be haunted by its botched attempt to eject Dr David Dao from one of its planes at the weekend, others are coming forward with stories of mismanagement.

One of the most confounding was when staff tried to shame a family of five out of their first-class seats during a Christmas flight from Aspen because more important passengers had arrived.

Those passengers? United Airlines' embattled CEO, Oscar Munoz, and his family, the LA Times reported.

Apr 14 08:42

Start of BRICS Gold-Backed Trade Pushing Deep State Desperation at All-Time High

It appears that the real reason why has Trump capitulated to the Deep State so quickly is the final BRICS leadership’s decision to start the dumping of the fiat dollar in matters of mutual trade and economic cooperation between the BRICS member countries.

This measure puts Donald Trump’s most ambitious campaign promise of “Making America Great Again” through economic recovery and military upgrade in grave danger, as the BRICS Alliance starts requiring the US government to pay for BRICS resources with real, hard currencies only.

Apr 14 08:07

Martin Armstrong: Economic Downturn Will Take World to War, Strong Dollar Could Cause Bond Market Crash

Former hedge fund manager Martin Armstrong, who is an expert on economic and political cycles, says, “You have to understand what makes war even take place? It does not unfold when everybody is fat and happy. Simple as that. You turn the economy down, and that’s when you get war. It’s the way politics works.”

Apr 14 07:16

Restaurants in Worst Tailspin since 2009/2010

This thermometer for discretionary spending is the first to react when consumers hit their limits.

Apr 14 07:00

Is A Crash In The Auto Sector Inevitable To Happen; An Insight In To The Auto Market

It’s a good time to buy a care as auto dealers are offering the biggest discounts since the Great Recession. Auto sector in the U.S. has experienced record sales in recent months. But there are early signs that the party could soon be over for the auto industry.

Apr 13 15:28

The Dow Falls Another 138 Points As Geopolitical Shaking Forces Investors To Race For The Exits

Stock prices just keep on falling, and many analysts are now wondering if a full-blown stock market crash is in our near future. On Thursday, the S&P 500 and the Dow both closed at 2 month lows after Donald Trump dropped “the mother of all bombs” in Afghanistan.

Apr 13 15:24

Mortgage credit for borrowers under 620 FICO score is expanding at the FASTEST pace since Dodd-Frank

As mortgage interest rates hit a new 2017 low, we now see mortgage purchase applications rising to its

Apr 13 15:20

PIER 1 ANNOUNCES STORE CLOSING….

Apr 13 15:11

Jim Rickards: We're In A Depression Since 2007 And Its About To Get Worse

Jim Rickards gives us an update and tells us he has not been bullish on the U.S. economy since 2004 or 2005, that were in a depression since 2007 and its about to get worse.

Apr 13 14:44

You Pay Your Fair Share. Shouldn’t Wall Street?

Did you pay all of your taxes this April?

Wall Street banks typically pay much less than the official 35 percent corporate tax rate. And yet after attacking Hillary Clinton for her ties to Wall Street, President Donald Trump is pushing reforms that would make it even easier for big banks to rig the tax rules and skip out on paying their fair share.

Apr 13 14:22

New York City’s Glitzy Office Market Plunges in Q1

Where the heck is the Foreign Money when you need it?

Apr 13 12:56

What A State-Owned Bank Can Do For New Jersey

Phil Murphy, the leading Democratic candidate for governor of New Jersey, has made a state-owned bank a centerpiece of his campaign. He says the New Jersey bank would “take money out of Wall Street and put it to work for New Jersey – creating jobs and growing the economy [by] using state deposits to finance local investments … and … support billions of dollars of critical investments in infrastructure, small businesses, and student loans – saving our residents money and returning all profits to the taxpayers.”

Apr 13 09:20

Ivanka Trump’s fashion line confirms a sales boom, proving that her First Daughter status has so far only helped her brand

Ivanka Trump’s fashion label has defied its critics, posting a 61% increase in wholesale revenues despite a turbulent year in the press and a boycott from consumers backing the #GrabYourWallet campaign.

Apr 13 08:28

Trump just announced he’s betraying his biggest campaign promise on China

He’s backing off from his vow to blacklist the country as a currency manipulator.

Webmaster's Commentary: 

And currency manipulation is the FED's job, dammit!

(Ahem)

This may be the quid pro quo for China to push against North Korea.

Apr 13 07:46

Federal Reserve Is Communicating A Recession is Imminent

The Federal Reserve is clearly and plainly telling us that it intends to take the US into recession in short order. I'm not sure what message the markets are hearing, but the Fed is messaging two to three more rate hikes this year into (according to GDP) a sluggish and slowing economy. T

Apr 13 05:46

Tech Stocks Experience Their Longest Losing Streak In 5 Years As Panic Begins To Grip The Market

S&P 500 tech stocks have now fallen for 9 days in a row. The last time tech stocks declined for so many days in a row was in 2012, and that was the only other time in history when we have seen such a long losing streak.

Apr 13 04:17

What Tesla’s “Inexplicable” “Ponzi Scheme” Valuation Says about the Stock Market

In fact, it’s not “inexplicable” at all.

Apr 13 03:11

Debt slavery is here, and it’s real

If you have had a sinking feeling for the past number of decades about why it has felt like the U.S. economy wasn’t really moving in the right direction even before the financial crises in 2008, this will fill in that feeling with facts. Very disturbing but inescapable facts.

Apr 13 01:46

Patterns Are Holding, The Economy Is Rolling Over And The Fed Knows It

UK retail sales decline as inflation hits and make it harder for people to afford items. Labor market has declined, hiring and payroll declining and the economy is rolling over.

Apr 12 17:13

Dollar About To Take A Dive

Apr 12 16:16

IMF Documents Labour’s Declining Share Of Global Income

In recent weeks, as part of the intensifying war drive against Russia, various US politicians have put forward the proposition that Vladimir Putin and his government’s campaign of “disinformation” are responsible for rising social discontent in the US and other major economies.

Apr 12 16:07

Did Trump Just Get Woke?

Today he seemingly changed his mind on half a dozen of his most stridently held views, all at once. It’s almost as if the Gary Cohn-Steve Mnuchin-Wilbur Ross contingent within Mar-a-Lago North finally strapped him down and jacked him into a basic economic program, Matrix-style. He is now saying smart things about these topics and taking positions that are conducive to the continuity of America as the world’s lone super power and most critical reserve currency.

Apr 12 14:14

The Dollar: Losing Value For a Century

Apr 12 10:46

Texas Bill to Establish Gold & Silver as Legal Tender, Dealing Massive Blow to Federal Reserve

A bill recently introduced in Texas seeks to obliterate the Federal Reserve’s much-maligned monopoly on currency by establishing gold and silver as legal tender — but the groundbreaking legislation, if passed, would also prohibit those precious metals from being seized by State authorities.

If passed, Texans would secure stability by reclaiming their purchasing power — without being subject to the whims of The Fed — an institution widely regarded as a devious manipulator of currencies and markets.

Apr 12 10:15

Trump’s ‘Phenomenal’ Tax Plan

Remember when Trump promised in early February that he would unveil a “phenomenal” tax plan within two to three weeks? Well, it was just scrapped, because as AP reports, Trump has scrapped the tax plan he campaigned on and is going back to the drawing board, hoping to find a plan that will have Republican consensus, something his current proposal has failed to achieve.

Apr 12 10:01

The Savings And Stability Of Public Banking

As a society obsessed by money, we pay a gigantic price for not educating high school and college students about money and banking. The ways of the giant global banks – both commercial and investment operations – are as mysterious as they are damaging to the people. Big banks use the Federal Reserve to maximize their influence and profits. The federal Freedom of Information Act provides an exemption for matters that are “contained in or related to examination, operating, or condition reports prepared by, on behalf of, or for the use of an agency responsible for the regulation or supervision of financial institutions.” This exemption allows financial institutions to wallow in secrecy. Financial institutions are so influential in Congress that Senator Durbin (D, IL) says “[The banks] frankly own this place.”

Apr 12 08:50

NEW VIDEO: Follow The Money – Why Russia Is Triggering The U.S. War Machine

Apr 12 08:31

TOTAL DEVASTATION!! TARGET CEO JUST GOT BLINDSIDED BY HUGE CONSERVATIVE BOYCOTT OVER BATHROOM POLICY

Millions of Conservatives stopped giving their business to Target based on the company’s progressive policy on transgender bathrooms and it’s costing them big time.

Apr 12 08:15

The Price Of Gold Spikes As Investors Get Spooked By Talk Of World War III And Nuclear Conflict

Whenever the world starts going crazy, investors instinctively begin flocking to precious metals. So it wasn’t exactly a surprise when gold and silver prices started to move upward aggressively as global leaders continued to talk about the possibility of World War III and nuclear conflict.

Apr 12 08:08

Gregory Mannarino - Fed Deliberately Created Bubbles to Save Itself, Grand Goal Is War

Analyst/trader Gregory Mannarino says, “The Federal Reserve has re-inflated a housing bubble. So now, those ‘toxic assets,’ those mortgage-backed securities are worth something.

Apr 12 08:05

Chinese firm halves worker costs by hiring army of robots to sort out 200,000 packages a day

A viral video showing an army of little orange robots sorting out packages in a warehouse in eastern China is the latest example of how machines are increasingly taking over menial factory work on the mainland.
The behind-the-scenes footage of the self-charging robot army in a sorting centre of Chinese delivery powerhouse Shentong (STO) Express was shared on People’s Daily’s social media accounts on Sunday.

The video showed dozens of round orange Hikvision robots – each the size of a seat cushion – swiveling across the floor of the large warehouse in Hangzhou, Zhejiang province.

Webmaster's Commentary: 

Great about reducing costs; but what happens, now, to those factory workers who are out of the only job they knew how to do, and their families?!?

Yes, robots will change the fundamental nature of work and swiftly, all over the planet; the question that must be addressed by countries all over the world is, how do you deal with the human cost of this enhanced productivity?!?

Apr 12 07:59

Behind Trump’s Syria Turnabout

Trump came into office touting his “America First agenda,” disdaining NATO, and asking “Why is it a bad thing to get along with Russia?” He told us he abjured “regime change” and held up Libya as an example of bad policy. Now he’s turned on a dime, bombing Syria, and welcoming tiny (and troubled) Montenegro into NATO. His intelligence agencies are even accusing Russia of having advance knowledge of the alleged chemical attack in Syria (although the White House disputed that after it got out). And all this in the first one hundred days!

How did this happen? It’s easy to explain, once you understand that there is no such thing as foreign policy: all policy is domestic.

Apr 12 07:46

Boris Johnson under pressure at home & abroad over failed Russia sanctions push

A government source told the Telegraph that the failure to secure an agreement on sanctions, which came on top of Johnson cancelling a trip to Moscow, had been a “total let down.”

“He is now persona non grata with Russia, they won’t take him seriously,” the source said.

Apr 12 07:10

MAPPED: The EU members who want Britain HAMMERED by staggering divorce bill

The majority of EU states believe the UK should be punished for its decision to leave and, in turn, say the exit deal must be costly.

The nations most against Britain paying a low charge were Belgium, Bulgaria, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Netherlands, Romania, Slovakia, Spain and Sweden.

The hardline stance comes after Brussels chief negotiator Michel Barnier hinted the EU would decide to punish Theresa May with a £50billion divorce bill in upcoming exit talks.

Apr 12 07:08

‘New sanctions against Russia over Syria – another absurd, crazy idea by UK’ - Italian ex-FM

After the alleged Syrian chemical attack, the West was sure Assad was to blame with no solid evidence presented. Now we're hearing voices insinuating that in fact, it's all Russia's fault.

Apr 12 03:08

Rickards: The Next Financial Crises Will Be Unprecedented in Magnitude

Jim Rickards says we're in a different world. The systemic risks have never been greater. The next financial crises will be unprecedented in its magnitude and the central bankers capacity to deal with it are diminishing. Were looking at an extinction level event in the next financial crises.

Apr 11 23:26

President Trump, with respect, start ruthlessly purging the U.S. general officer corps

Last time we discussed your refusal to abide by the Constitution’s hard-and-fast war-making provision, a decision that merits — as it did for most of your post-1945 predecessors — impeachment proceedings. Waging war in the manner you did in Syria is the work of an absolute monarch or a dictator, not that of a popularly elected president of this republic.

Today, we must discuss a topic that has been covered in this space on multiple occasions; namely, the need for you to immediately purge — via forced retirement — scores of your general officers. The American fetish for treating these officers as god-like wonders is baseless, and must be curtailed to the greatest possible extent. Among the most obvious reasons they merit forced retirement are:

–They and their predecessors have not won a war since 1945. In truth, they have won nothing in the most war-filled 72 years in American history.

Apr 11 19:13

They Took Your Clothes And Gave You A Barrel

Noah Smith, writing in Bloomberg, says that middle-class America has indeed been fleeced by our national economic policies. We agree. But which policies have been responsible?

Smith mentions and immediately dismisses trade, immigration, economic regulation, and welfare policies. The real villain in his view is an alleged turn toward managing the economy on free market lines: “Your prosperity was taken by the very people who promised to ensure and enhance it. The decades from 1980 through 2008 were the age of neoliberalism — the ideology of the free market.”

Apr 11 16:22

Thanks, Microsoft, Facebook, Google, Apple and other Tech Companies. You all SUCK and SUCK your H-1B Visa Fools!

American workers are losing jobs because of a law designed to help the job market. The H-1B visa lets companies recruit foreign talent for emerging engineering and scientific jobs, but the loopholes allow the outsourcing of American jobs to foreign workers, often at lower pay.

Apr 11 15:54

Don’t Move to These States; They’re in Serious Financial Trouble

Maybe you’re looking for a fresh start. Or perhaps you’re looking to find a different job, or you’re trying to get out of the city. Whatever the case may be, when you’re looking for a new place to live there’s a lot to consider. And if you’re thinking of crossing state lines to find a new home, there’s one vitally important detail that you need to think about and research.

Apr 11 14:34

Commercial Bankruptcies Surge As The Fed Warns Of A Stock Correction

Morgan Stanley wage growth is leveling and might be slowing. Commercial and consumer bankruptcies have surged and it looks like pre 2008. Loan creation have declined further and it is following the same pattern as 2000 and 2008.

Apr 11 14:02

Is Another Bust Looming Over The Oil Industry?

Notable authorities such as the EIA, the IEA, OPEC and BP forecast growth of demand for oil in their base case scenarios through the end of their forecast periods.

Apr 11 13:46

INVESTORS ARE HOLDING BACK - Jitters Creep Back into Global Stock Markets

INVESTORS ARE HOLDING BACK - Jitters Creep Back into Global Stock Markets European and US equity gauges soft after mixed Asia session
? Vix index sits at four-month high amid wariness over earnings
? Gold and Japanese yen advance as investors seek bolt holes
? Brent crude slips back after recent strong run
? The euro gains but French bond yields rise amid election jitters

Apr 11 13:01

Hopes Fade For U.S. Bank Earnings Despite Rally In Financial Shares

Big U.S. lenders are expected to report another round of uninspiring quarterly results next week, which analysts said could dampen a “Trump rally” in bank stocks fueled by expectations the new president would lighten financial regulation and boost the economy.

Apr 11 12:38

Why the World Should Fear Deep State Psychopath H.R. McMaster

The CIA/NSA political hit on General Michael Flynn appeared at first to have been a warning shot against Trump, and the Congress’ (((bipartisan))) support of replacement H.R. McMaster for the role of National Security Advisor has us falsely assuming that the duly-elected Executive Branch would retain control of him, as the Constitution commands.

But that assumption is increasingly proving false. There is no doubt in my mind that President Donald Trump is being held under duress; that is a theory and I don’t have hard evidence for, but it’s clear that overnight he has gone from a roaring, defiant lion, to script reading pussy-cat. The empowerment of Kushner and Cohn, the increasing isolation of Bannon, and a 180 on policy all come shortly after McMaster’s ascension.

Webmaster's Commentary: 

General Mc. Master, a word, please: I will continue to link to rt.com; sputniknews.com; presstv.com; and farsnews.com (two Russian, and two Iranian English blogs) until US law forbids it.

And THAT is a Supreme Court case, against the First Amendment to the Constitution of the United States, I would love to see argued!!

The American people now understand that you are pushing President Trump for a ground invasion of Syria (which will, of course, most generally mean war with Russia) Mc Master working covertly with Petraeus to put 150,000 ground troops in Syria,and I feel urged to caution you and our President that this is nothing short of foaming-at-the-mouth, barking-dog madness!!

You, of all people, should know that the US military doesn't have the weaponry; the troop strength; the money; or the manufacturing to ensure a positive outcome to a conventional war against Russia.

In order to win a conflict, a country has to be on the right side of history; and with Syria, and Russia's involvement in assisting the Syrian government against the jihadists, the US just isn't, and you should know that as well.

Apr 11 12:31

Countries That Went From Poor To Rich, Very Fast

One’s definition of what rapid expansion looks like can vary, but for the sake of this article, I’m going to say that growth of 5% and more over any extended period can be considered rapid. I’ll set the limit at say, 30 years.

When I think of all the countries that have experienced rapid economic growth in history, South Korea was the first thing that popped in my head, next to Dubai, of course, but I’ll touch on Korea first.

Apr 11 12:22

It's not just Syria. Trump is ratcheting up wars across the world

onald Trump’s missile strikes on Syria have attracted worldwide attention (and disgraceful plaudits) in recent days. But much less airtime is being given to his administration’s risky and increasingly barbaric military escalations on several other fronts across the world.

Let’s put aside, for the time being, that the Trump administration openly admits it has no clue what it is going to do in Syria next. Or that key members of Congress and in the administration are clearly eager for “regime change” in Syria with no plan for the aftermath. And the fact that hardly anyone seems to care that Russia’s former president Dmitry Medvedev said over the weekend that Syrian strikes put the US “on the verge of a military clash with Russia” – a nuclear power with thousands of warheads.

Donald Trump's first 100 days as president – daily updates

Webmaster's Commentary: 

This is precisely the kind of outcome I had hoped a Trump presidency would avoid.

My sense of betrayal by these actions on the part of the President, is searingly intense, and beyond my ability to fully articulate it.

And the sense I have of the future, for this country and the world, is Biblically apocalyptic in nature.

Because of Bernie Sanders getting cheated by the DNC for the Democratic nomination for President, American voters had only one choice: that of the war party and the American deep state.

Apr 11 12:12

“Canada: Irrational Exuberance?” Wild Housing Speculation Drives Entire Economy

Everyone is afraid of breaking the addiction.

Apr 11 12:09

United Airlines Lost a Billion Dollars This Morning

The most important story of the past 24 hours—by a mile—is the guy who was dragged off an overbooked United flight yesterday by a security team. The details are still a little sketchy, but the YouTube video is awesome and the guy has an actual scratch on his face. The Chicago PD officer who dragged off the passenger has been suspended, and United’s president has apologized.

Apr 11 10:15

Bank of England pushed banks to rig Libor, secret BBC tape suggests

The Bank of England repeatedly urged commercial banks to lower their Libor settings during the financial crisis, according to a secret tape obtained by BBC journalists.

The 2008 recording adds to evidence that the central bank participated in one of the biggest rate-rigging scandals in history, the U.K.’s national broadcaster said in a report. The scandal rocked the financial industry when it was uncovered in 2012.

Libor, or the London Interbank Offered Rate, is the daily rate at which banks lend to each other. It is used to set the price of trillions of dollars worth of financial products, including mortgages and loans to retail customers.

In the recording, obtained by the BBC’s “Panorama” program, former senior Barclays BARC, -0.56% BCS, +0.47% manager Mark Dearlove instructs Libor submitter Peter Johnson to lower his Libor rates, citing pressure from the BOE.

Webmaster's Commentary: 

OK, so now we know; and who, pray tell, of those complicit will actually see hard jail time?!?

The short answer is, none of them; the rich rarely "eat: their own.

Apr 11 10:07

Retail bankruptcies march toward post-recession high

The number of retailers filing for Chapter 11 bankruptcy protection is headed toward its highest annual tally since the Great Recession.

Apr 11 10:05

Welcome To The Third World, Honest Pension Returns Equal Mass-Bankruptcy

Last year the California Public Employees’ Retirement System, otherwise known as Calpers, cut the expected return on the funds it invests for plan beneficiaries from 7.5% to 7%.

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