ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Mar 15 08:25

Canadian Media Ignoring Titanic Lawsuit vs. Bank of Canada

In early August 2013, two Canadians and COMER “confronted the global financial powers in the Canadian federal court.” They have filed a case against Bank of Canada earlier in 2011, in an effort to return the central bank to the people of Canada by printing its own debt-free currency like it was before 1974.

“COMER contends the Bank of Canada, a publicly owned national financial institution created in the Great Depression, is mandated to provide debt-free support for public projects undertaken by federal, provincial and city governments. Not doing so has deprived Canadians of the benefits of larger infrastructure investments, COMER alleges.

Mar 15 08:00

Swiss bank deems Le Pen 'biggest risk' to Europe

France's Marine Le Pen is the biggest risk to European stability, Credit Suisse said in a guide launched on Thursday to help investors navigate the upcoming "defining" months facing the continent.

Webmaster's Commentary: 

Another reminder that the bankers are supporting globalism because they dream of enslaving the entire human race to a single private central bank!

Mar 15 07:47

The Trump Boom: Small Business Optimism Remains Near Record High

Small business optimism, which soared following Donald Trump’s election day victory, remains near the highest levels recorded in nearly half a century.

The Index of Small Business Optimism declined slightly in February to hit 105.3, sustaining the surge in optimism that began November 9, 2016, the day after the election, the National Federation of Independent Businesses said Tuesday.

Mar 15 07:43

Just weeks after Oroville Dam crisis, damage found in another key California reservoir

California water officials, still struggling with fixes at Oroville Dam, will have to temporarily shut down the pumping station that delivers water to much of Southern California and Silicon Valley after discovering damage at another key state reservoir.

The state Department of Water Resources confirmed Tuesday that operators discovered damage to the intake structure at the Clifton Court Forebay, a nearly two-mile-wide reservoir that stores water for the State Water Project pumping plant in the Sacramento-San Joaquin Delta near Tracy. Repairs will begin Wednesday. It’s not clear how long they will last.

Mar 15 07:37

Trump Faces PAC Ultimatum To End DACA Amnesty For Illegals

(Raleigh, NC) Americans for Legal Immigration PAC is issuing an ultimatum to President Donald Trump to honor his campaign promise to end his and Obama's DACA Amnesty orders or the national organization will rescind its standing endorsement for Trump originally issued on February 29, 2016.

If Trump does not end his DACA Amnesty for illegals without replacement by Tax Day (April 17), 2017, the loss of ALIPAC's support and endorsement will signal the immigration enforcement movement, Tea Party movement, and American public that Trump can't be trusted on the powerful campaign issue that made his victory over Bush and Clinton possible.

ALIPAC is also launching a national outreach campaign to locate, organize, and mobilize American activists who are willing to stand up and hold Trump accountable for his campaign promises on immigration law enforcement while fighting legislative amnesty in Congress at the same time.

Mar 15 07:23

What’s next with America’s enormous $20T debt?

Thousands of years ago, as far back as 3000 BC, the ancient Egyptians had developed a highly advanced system of writing using hieroglyphic symbols.

The used hieroglyphs for numbers as well.

Mar 15 07:12

'We are all doing it': Employees at Canada's 5 big banks speak out about pressure to dupe customers

Employees from all five of Canada's big banks have flooded Go Public with stories of how they feel pressured to upsell, trick and even lie to customers to meet unrealistic sales targets and keep their jobs.

The deluge is fuelling multiple calls for a parliamentary inquiry, even as the banks claim they're acting in customers' best interests.

Webmaster's Commentary: 

Canada's money-junkies are on full display!

Mar 15 07:06

Fed Day Arrives

Metals traders remain somewhat defensive ahead of the FOMC announcement today. A rate increase is fully expected but if by any chance the Fed decides to wait, the upside could be explosive. If the Fed surprises and raises by more than 25 bips, look out below. Betting on the percentage, however, suggests the Fed moves 25 bips, with an initial downward draft but possibly followed by a reversal, as traders have sold the rumor and buy the fact.

Mar 15 06:23

COLLAPSING PENSIONS WILL FUEL AMERICA’S NEXT FINANCIAL CRISIS

One of the main reasons California in all its anti-Trump rage isn’t going anywhere anytime soon is because the state knows that it has a massive government employee pension problem and that it will one day have to call on the rest of the United States to “solve” (bailout) this problem for them. Watch. But the rest of the country isn’t in great shape either.

Mar 14 19:20

Our Choice: Government Medical Care vs. Freedom

By Scott Lazarowitz

It should be of no surprise that establishment Republicans in Congress are rearranging the deck chairs from ObamaCare to “ObamaCare Lite,” in their saving the Affordable Care Act (ACA) from being fully repealed.

But conservative opponents, such as Senators Rand Paul and Mike Lee, who want ObamaCare fully repealed, are still not going far enough.

The problem is that other government entitlement schemes are interconnected with ObamaCare, and avoiding the “pain” of change would require repealing the other schemes. After all, the reason why medical care has gotten so expensive is because of government interventions, which distort decision-making by medical care providers, drug makers and patients, and drives up the prices...

Mar 14 17:09

Brexit Drains Swamp in London, Creatures Head to Luxembourg

Tax planning for a post-Brexit world.

Mar 14 14:47

IS STAGFLATION STALKING? The Answer Is Critical To Your Financial Health!

It is important to anticipate whether Stagflation is stalking because the yield curve will start pricing it in which will place equity yields, earnings and PE growth multiples at risk.

Mar 14 14:00

Who got rich off the student debt crisis

A generation ago, Congress privatized a student loan program intended to give more Americans access to higher education.

In its place, lawmakers created another profit center for Wall Street and a system of college finance that has fed the nation’s cycle of inequality. Step by step, Congress has enacted one law after another to make student debt the worst kind of debt for Americans – and the best kind for banks and debt collectors.

Today, just about everyone involved in the student loan industry makes money off students – the banks, private investors, even the federal government.

Mar 14 13:56

The Elite Are Prepped And Prepared For The Economic Crisis

Bank loans decline rapidly in the US. The creditors in the US have decided to adjust credit scores which allow bad credit individuals to get loans.

Mar 14 13:18

Who Controls the Money Controls the World

History will repeat itself as long as these bankers and their corrupt politicians are in charge. Save yourself from the upcoming economic collapse of 2012. Please share this important knowledge with your family and take action.

Mar 14 12:52

China Initiative Wants To Help Trump's 2026 U.S.A. Vision; British Intelligence Wants To Impeach or Kill Him

Interesting considering the recent revelation that Obama had the Brits spying on Trump.

If the growing number of reports that Donald Trump and Xi Jinping will meet in Florida next month are true, the way is open for President Trump to collaborate with China's global growth and progress driver -- the so-called New Silk Road or Belt and Road Initiative -- as Barack Obama refused to do. The horizon goals Trump set out for America's "250th Anniversary" in 2026 -- peace with nations including our current "adversaries," a renewed modern economic infrastructure, "our footsteps on distant worlds" -- would then have far better prospect of being reached. Those goals are not on the leadership's agenda of either of the United States' warring political parties.

Mar 14 12:06

MARCH 15TH: ROTHSCHILD, DEBT CEILING & DEMISE OF THE DOLLAR

March 15th is an important date. The US debt ceiling is about to be reached.

Mar 14 11:59

AFTER INSULTING TRUMP AND AMERICA, LOOK WHAT INSANE THING IS HAPPENING TO STARBUCKS…

Starbucks’ is stuck in the mud. They vowed to hire thousands of refugees in order to protest President Donald Trump’s first travel ban. It turns out that it is hurting the coffee chain, according to financial analysts.

Mar 14 11:54

Your money is on fire

Years of using debt to drive economic growth in the developed world has rapidly created the largest global debt bubble in history. And economic watchers say the resulting bust is going to make the 2008 financial crisis look like a walk in the park.

Mar 14 11:18

Russia's economic development minister comments on decline of oil prices

"The reasons for decline of oil prices include several factors - quite aggressive production growth in the US, and rumors associated with a possible change of OPEC tactics. This rumor, of course, affects expectations," he said. According to Oreshkin, the level of oil prices in the updated macro forecast for 2017 will depend on the first quarter’s figures. Oil prices began to decline on March 8 almost immediately after the publication of the data on oil reserves by the US Department of Energy. Thus, commercial oil reserves in the US increased by 8.22 mln barrels from February 24 to March 3, amounting to 528.4 mln barrels with the forecast of growth of 1.97 mln barrels of oil. On March 8-10, price of Brent futures contract with May delivery dropped by almost $5. On November 30, OPEC countries agreed to cut oil production to 32.5 mln barrels per day, which means those countries agreed to reduce their daily average output by 1.164 mln barrels starting January 1, 2017.

Mar 14 11:08

Currencies of developing economies to weaken after March 15 — Ex-Finance Minister Kudrin

Currencies of developing economies will weaken if the US Federal Reserve decides to increase the base rate at its meeting on March 15, Chief Executive of the Russian Center for Strategic Research (CSR) Alexei Kudrin said on Tuesday in Twitter. "It is highly probable the US Federal Reserve will increase the rate tomorrow. This will weaken currencies of developing markets in a way," Kudrin tweeted. The US regulator will announce its decision at 21.00 Moscow Time on March 15.

Mar 14 10:36

How The US Could Solve Its Retirement Crisis

Too many Americans are saving little to nothing for retirement. According to one study, 45 percent of working-age households “do not have any retirement account assets.” Congress could sharply improve the numbers by adopting dynamic scoring of retiree distributions. The move could lead to millions of new accounts, and a fairer sharing of the US’s retirement promise.

Mar 14 09:28

ABC News to Face South Dakota Jury Over ‘Pink Slime’ Story

Lawsuit claims reporting caused $1.9 billion worth of damage

Mar 14 08:40

Play Job on the US jobs numbers, look at a bullish Fed, read the runes….and head for the hills

A perfect Storm has been brewing for nine years. Now a misleading set of payroll numbers and new Presidential rally hype are creating an air of triumphalism. Every indicator is saying ‘Crash2’. This time, I don’t see how we can evade it.

Mar 14 08:39

“Civil War” breaks out at White House over trade, Goldman is winning

Earlier this week, when we discussed Peter Navarro’s jarring op-ed in the WSJ in which he alleged that the persistent US trade deficit “would put US national security in jeopardy”, we said that “a better question than what is Navarro’s purpose by writing it, is why he is writing it, and does his use of a public forum like the WSJ mean that there is friction between him and Trump camp, especially since in recent weeks it appears that a core pillar of Trump’s trade policies, namely the border adjustability, appear to no longer be on the docket of actionable items.”

Mar 14 08:38

Elites chartering “getaway boats in case of Manhattan emergency”

Even those who are aware of the extremely fragile fabric of society are often stuck living urban lives. Perhaps they plan to retire to a country abode or construct a hideaway to escape to if the need ever arises, but for now, they are stuck in the city making a living.

Mar 14 08:32

Pro-EU Politicians Realize How Harmful Anti-Russia Agenda is to Their Interests

The European Union has extended for another six months its sanctions against Russian individuals and organizations over their alleged role in the Ukrainian crisis. Political analyst Yuri Mukhin told Sputnik that the EU has dug in its heels on anti-Russian sanctions and is simply unable to change its tack.

Webmaster's Commentary: 

Mar 14 07:39

HOW THE FEDERAL RESERVE IS SETTING UP TRUMP FOR A RECESSION, A HOUSING CRISIS AND A STOCK MARKET CRASH

When interest rates rise, borrowing money becomes more expensive and economic activity slows down.

For the Federal Reserve to raise interest rates right now is absolutely insane. According to the Federal Reserve Bank of Atlanta’s most recent projection, GDP growth for the first quarter of 2017 is supposed to be an anemic 1.2 percent. Personally, it wouldn’t surprise me at all if we actually ended up with a negative number for the first quarter.

As Donald Trump has explained in detail, the U.S. economy is a complete mess right now, and we are teetering on the brink of a new recession.

So why in the world would the Fed raise rates unless they wanted to hurt Donald Trump?

Raising rates also threatens to bring on a new housing crisis. Interest rates were raised prior to the subprime mortgage meltdown in 2007 and 2008, and now we could see history repeat itself. When rates go higher, it becomes significantly more difficult for families to afford mortgage payments…

Webmaster's Commentary: 

Such a rise in interest rates right now is nothing short of an attempted financial, and political, crucifixion of President Trump, and this is quite deliberate, on the part of both Janet Yellen, and the American Deep State.

Mar 14 07:23

How The Federal Reserve Is Setting Up Trump For A Recession, A Housing Crisis And A Stock Market Crash

Most Americans do not understand this, but the truth is that the Federal Reserve has far more power over the U.S. economy than anyone else does, and that includes Donald Trump.

Mar 14 03:05

Snap’s IPO Shares Should be “Junk Equity”: CalPERS

The scam around the hottest Tech IPO in 3 years; a revolt by institutional investors that may have to buy the shares.

Mar 13 20:02

Insanity Still Rules: Bullish For Gold And Silver

The emergence of an unexpected BREXIT victory, followed by an even more unlikely event, a Trump presidential victory are the outgrowth of the global elites having far exceeded their [almost] unspoken, unchallenged rule of the world, accomplished mostly by controlling the world’s money.

Mar 13 19:50

How Will Stocks Come Unglued? Wolf Richter on the Keiser Report

In normal times, they would’ve already come unglued. But these are not normal times.

Mar 13 17:52

How Much Further Can Oil Prices Fall?

Oil prices fell nearly 8 percent this week as speculators rushed for the exit and closed near record long positions.

Mar 13 17:17

The Poorest of the Poor - On the Edge of Europe

As I watched this video all I could think of was all the money that Europe has squandered on assistance to invaders from Islamic countries all the while the people of Europe starve and freeze to death.

Mar 13 17:02

All Cartels Collapse, And This Will Be No Different

Unequivocally, we are living through an era featuring the most disjointed financial market valuations in global history.

Mar 13 16:52

Treasury Urges Congress To Raise US Debt Limit To Avoid Default

The US national debt will reach a statutory limit next week, forcing the Treasury to halt sales of certain securities and rely on “extraordinary measures” to continue paying government bills until Congress can raise or suspend the limit this fall.

Mar 13 16:46

Welcome to Bubble Land

Mar 13 16:13

PELOSI CLAIMS TRUMP "HAS DONE NOTHING TO CREATE JOBS" ... IMMEDIATELY HUMILIATED

It’s no secret that House Minority Leader Nancy Pelosi doesn’t like President Trump. A quick perusal of her Twitter account reveals more ragetweets against the president than your average liberal arts student. And they say Trump’s tweeting is unbecoming.

Mar 13 15:10

‘We may no longer be permitted—nor permit ourselves—to enter Israel,’ 172 scholars write

signed by scholars of Jewish studies deploring Israel’s passage of a law last week barring travel by those who support boycotts against Israel, including BDS (boycott, divestment and sanctions) and boycotts of settlement goods.

Mar 13 14:25

Adequate Housing: Global Financial Institutions Hold The World To Ransom

The housing crisis has rewarded the wealthiest while those who have lost their homes are often blamed for taking on too much debt. (Photo: Pixabay)

In corporate finance, the world resembles the classic board game Monopoly, where players trade in and develop properties, demand rents and aim to bankrupt others. The players in this game are a global political and financial elite that include US President Donald Trump.

Mar 13 13:42

Crude Breakdown could take stocks with it

When an asset takes out horizontal resistance to the upside, it is nice to see the old resistance tested as new support, before pushing higher.

Mar 13 12:27

Imminent Bond Market Bloodbath Highly Likely

Mar 13 10:00

Roughly one third of college students spend their loans on spring break and partying.

There is a massive student loan epidemic in the United States. Over $1.4 trillion in student debt is floating around in our economy lingering like an albatross on the necks of many young students. While the idea of getting a college degree is more popular today than ever, it would seem like going to spring break is also very popular. It is hard to track how students spend their student loans. Obviously most (if not all) goes to pay for college for the vast majority of students. But some use student loans to finance unnecessary items like partying it up on spring break and getting inebriated to celebrate a semester well done. A new LendEDU poll found that roughly one-third of college students used a part of their student loans to finance their spring break. While this is not the bulk of young college going Americans, the number is somewhat startling. Priorities folks!

Mar 13 09:34

Iceland to end capital controls more than 8 years after banking crash

The tourism boom, strong investment by business and in the housing market, helped Iceland’s economy grow 7.2 percent in 2016.

"The removal of the capital controls, which stabilized the currency and economy during the country's unprecedented financial crash, represents the completion of Iceland’s return to international financial markets," said the country’s central bank.

Mar 13 09:20

BREAKING: SCOTLAND TO HAVE NEW INDEPENDENCE VOTE

Although a referendum on Scottish independence was held in 2014 which was narrowly won by the ‘remain in UK’ side. However, with Scottish people voting strongly against Brexit, the issue of independence is very much on the table. In 2014, the word Brexit did not exist and the natural assumption was that Scotland was voting to remain in a UK that would forever be in the EU.

Mar 13 09:05

THE US GOVERNMENT NOW HAS LESS CASH THAN GOOGLE

History is full of events that people thought were impossible. And yet they happened.

Looking back, they always seem so obvious.

Duh. The Dutch were spending 68% of their tax revenue just to service the debt. Of course they were going to default.

But at the time, there was always some prevailing social influence… some wisdom from the “experts” that made otherwise rational people believe in ridiculous fantasies.

Today is no different; we have our own experts who peddle ridiculous (and dangerous) fantasies.

Case in point: this week, yet another debt ceiling debacle will unfold in the Land of the Free.

You may recall the major debt ceiling crisis in 2011; the US federal government almost shut down when the debt ceiling was nearly breached.

Then it happened again in 2013, at which point the government actually DID shut down.

Webmaster's Commentary: 

So now, what, in light of the fact that today is 13 March?!?

Economic prognosticators have been predicting a crash in mid-March, and we are already nearly there.

After March 15th, everything will grind to a halt.

Market crash

80% Stock Market Crash To Strike in 2017, Economist Warns

3 signs a stock market crash will happen in 2017

This, most likely, will be brought about by the following:

Obama/Bohener's debt ceiling holiday scam ends March 15, 2017

Most likely, Congress will raise the debt ceiling yet again, as Treasury Secretary Mnuchin has requested,

Mnuchin calls on Congress to raise the debt limit as deadline approaches

But what will this actually accomplish, if the Federal Government is unable to rein in spending?!?

The short answer is, precious little.

Mar 13 08:43

"Don't Make Me Make The Podium Move" Sean Spicer Blasts Reporters Over Job Growth

"Don't Make Me Make The Podium Move" Sean Spicer Blasts Reporters Over Job Growth

sean spicer press conference president donald trump press secretary delivers press briefing at the white house

original air date: 3/ 10/ 2017

Mar 13 08:24

California Is Exporting Its Poor To Texas

Every year from 2000 through 2015, more people left California than moved in from other states. This migration was not spread evenly across all income groups, a Sacramento Bee review of U.S. Census Bureau data found. The people leaving tend to be relatively poor, and many lack college degrees. Move higher up the income spectrum, and slightly more people are coming than going. About 2.5 million people living close to the official poverty line left California for other states from 2005 through 2015, while 1.7 million people at that income level moved in from other states – for a net loss of 800,000. During the same period, the state experienced a net gain of about 20,000 residents earning at least five times the poverty rate – or $100,000 for a family of three.

“There was really nothing left for me in California,” said Kundurazieff, who also writes a blog about his cats. “The cost of living was high. The rent was high. The job market was debatable.”

Mar 13 08:19

Fedcoin: The U.S. Will Issue E-Currency That You Will Use

The U.S. Federal Reserve will not only issue its own cryptocurrency but will also make sure Americans use it. That’s the prediction of currency guru Doug Casey who has an uncanny record of being correct about economic and political trends. His latest book, Surviving Fedcoin: How to Protect Yourself (and Profit) from America’s Coming Currency Change, is a public bet that the U.S. government will issue its own bitcoin which Casey views as “the last arrow” in its money quiver.

Webmaster's Commentary: 

And like the Federal Reserve Note, the Fedcoin will be LOANED into circulation at interest, to keep the debt-slave scam going!

Mar 13 07:55

Will Mid-March Madness Maul the Stock Market in 2017?

Many of the 2017 economic headwinds I’ve described will hit during the Ides of March, just as the Trump stock-market Rally shows signs of topping out. This might not be the Great Epocalypse — not all at once anyway — but a large and likely correction is looming. I think the bear is about to be let out of his cage.

Mar 13 07:40

$21,714 FOR EVERY MAN, WOMAN AND CHILD IN THE WORLD – THIS GLOBAL DEBT BOMB IS READY TO EXPLODE

According to the International Monetary Fund, global debt has grown to a staggering grand total of 152 trillion dollars.

Other estimates put that figure closer to 200 trillion dollars, but for the purposes of this article let’s use the more conservative number. If you take 152 trillion dollars and divide it by the seven billion people living on the planet, you get $21,714, which would be the share of that debt for every man, woman and child in the world if it was divided up equally.

So if you have a family of four, your family’s share of the global debt load would be $86,856.

Mar 13 07:30

Government is still a problem

At the end of the day, Americans are going to end up with a budget that spends more on the military and makes a lot of compromises on cuts to domestic spending. Bottom line is that spending continues to increase.

Mar 13 05:44

$21,714 For Every Man, Woman And Child In The World – This Global Debt Bomb Is Ready To Explode

According to the International Monetary Fund, global debt has grown to a staggering grand total of 152 trillion dollars. Other estimates put that figure closer to 200 trillion dollars, but for the purposes of this article let’s use the more conservative number. If you take 152 trillion dollars and divide it by the seven billion people living on the planet, you get $21,714, which would be the share of that debt for every man, woman and child in the world if it was divided up equally.

Mar 12 12:48

Massive Cascade of Eurozone Defaults Coming Up

As soon as any major country exits the Eurozone (and possibly some lesser ones), a cascade of defaults, unparalleled in history will commence.

The only way to stop such a cascade would be if the ECB guaranteed (printed) enough euros to cover losses. Meanwhile, the already high Eurozone default risk keeps rising.

Mar 12 11:34

A High-ly Troubling Breadth Development? Despite the averages’ close proximity to 52-week highs, the number of NYSE New Lows has recently surpassed that of New Highs.

Although the major stock averages remain within arm’s length of their highs, an increasing number of red flags has recently been popping up. As members of The Lyons Share are aware, we became increasingly bearish in the short-term during the latter stages of the recent melt up in prices.

Mar 12 09:35

How Rothschild Inc. Saved Donald Trump

In the early 1980’s Donald Trump was an up and coming real estate developer in New York. There was no connection between the Trump name and casinos or gambling. The obvious nature of the name Trump and its definition related to gambling and card games foretold of the massive empire which would develop in the coming years.

In 1987 Donald Trump purchased his first casino interests when he acquired 93% of the shares in Resorts International. Resorts International has a sordid history which began in the early 1950’s when it evolved from a CIA and Mossad front company which had been established for the purpose of money laundering the profits from drug trafficking, gambling, and other illegal activities.

Mar 12 08:35

Stronger Economic Growth? Over My Dead Body, Says Janet Yellen

So why is the Fed raising rates when the economy is crawling along at suboptimal speed and, perhaps, headed for recession?

That question can be answered in two words: Donald Trump.

Mar 12 08:15

Eurasia: The Strategic Triangle that Is Changing the World

Away from the current chaos in the United States, major developments are progressing, with Iran, Russia and China coordinating on a series of significant moves crucial for the future of the Eurasian continent. With a population of more than five billion people, constituting about two-thirds of the Earth’s population, the future of humanity passes through this immense area. Signaling a major change from a unipolar world order based on Europe and the United States to a multipolar world steered by China, Russia and Iran, these Eurasian states are carving out a leading role in the development of the vast continent. As part of the challenges faced by these leading multipolar countries, the disruptive events originating in the post-WWII Euro-Atlantic world order will need to be tackled.

Webmaster's Commentary: 

Sounds like "peace through commerce" to me!!

Mar 11 16:24

Government employee retirement funds are NOT funded by ‘investments’: Wall Street fees are twice the net income of fund contributions, taxpayers pay 95% of costs, net returns average less than 1%. Solutions are monetary reform, public banking: 22-minute v

*hyperlinks/videos live at source*

Among the game-changing “fake news” We the People are told by “leaders” in government and corporate media is that government employee retirement contributions placed into investment funds pay for retirees’ benefits.

Let’s summarize the data of California’s 2011 Comprehensive Annual Financial Report (CAFR; the last time I looked) and what it means for the state’s 12 million households:

Officials and corporate media never remind taxpayers, but California holds $600 billion in taxpayer cash and investments ($50,000 non-disclosed assets per household).

California’s ~14,000 various government entities’ CAFRs have a sampled-data total estimate of $8 trillion in surplus taxpayer assets ($650,000 non-disclosed assets per household). For examples, page 63 of L.A. County’s 2011 CAFR shows $66 billion in cash and investments; City of L.A.'s CAFR page 58 shows $38 billion.

Mar 11 15:21

Scott Gottlieb, big pharma advocate, tapped to lead FDA

Another Swamp Critter!

(UPI) -- President Donald Trump has named conservative physician Scott Gottlieb to lead the Food and Drug Administration, winning praise from pharmaceutical companies.

Gottlieb, 44, was the deputy commissioner of the FDA under former President George W. Bush and has had long ties as an advocate for drug companies, a fact that prompted criticism from some consumer groups who said he may be too deferential to big pharma as he oversees the FDA's drug approval process.

Mar 11 15:18

Silver Market Poised For Big Reversal When Institutional Investors Move In

The Silver Market is going to experience a big reversal when the Hedge Funds and Institutional investors rotate out of highly inflated stocks and into precious metals investments.

Mar 11 15:00

Trump Plants Clues In His Office To Let The Central Bankers Know Their Fate

Venezuela is almost out of money, the country is suffering and this is all part of the deep state plan to take control of Venezuela. Retail is not dying because of Amazon, it is dying because people have no jobs and no money.

Mar 11 12:13

Deutsche Bank Fights for Time, Wins Reprieve

Shares soar 75% in five months, infamous CoCo bonds jump 30%

Mar 11 09:39

This is What Our Presidents Have Done to Our Home-Owning Dream

Is the American Dream dead? If home ownership as an attainable goal for the average American is the yardstick, then it is struggling – and currently in worse shape than it has been since the time of Richard Nixon, with one exception.

Mar 11 09:02

A Furious Italian Prime Minister Slams Deutsche Bank As Europe's Most Insolvent Bank

Several years ago, we were the first to point out the true "elephant in the room", namely Deutsche Bank's $75 trillion in derivatives which as we said at the time was about 20 times bigger than Germany's GDP, and 5 times bigger than the entire economic output of the Eurozone."

Mar 11 08:46

The Federal Reserve Explained in 3 Minutes

Mar 11 08:36

Can Merkel Bring Trump to Reason?

Angela Merkel is planning a dual strategy for her first face-to-face meeting with Donald Trump on Tuesday. She wants to foster close personal relations with the new U.S. president, but she also wants to make clear the Berlin is armed for a trade war against Washington.

Mar 11 08:35

EU finance watchdogs must retain powers over City of London post-Brexit, MEPs insist

They are urging regulators to press for “extraterritorial” oversight of the City as a condition for allowing the UK financial centre to keep its dominance in the lucrative derivatives market.

Mar 11 07:47

Crashing The System: Analysis Shows It Costs 12 Times More To Resettle Refugees Here In The U.S.

President Trump’s new executive order will have the U.S. housing less refugees here than under the previous administration.

Mar 11 07:39

VIRTUAL DIGITAL GOLD TO BE THE NEXT BIG THING - China's Tech & Financial Firms Eye Virtual Gold Rush

China's virtual gifting market, typically the domain of plugged-in young consumers celebrating special occasions or flirting, is luring major financial institutions keen to boost trade of another auspicious commodity: gold.

Mar 11 06:05

Central Banks & Gold: A SEA CHANGE Is Coming

Mar 10 16:58

An Eye-Brow Raising Survey on Bull's 8th Anniversary

On March 9, 2017, the bull market marks its eighth anniversary. At the same time, one group of market participants are more bullish than they've been in decades. Are they right? The Wave Principle is helping our subscribers anticipate the next major trend change.

Mar 10 16:37

Obamacare was 'meant to explode' in 2017 Trump says 'because Obama won't be here' - 'As bad as it is now, it will get even worse'

President Donald Trump urged lawmakers Friday to support the GOP health reform plan if they want to 'save Americans from imploding Obamacare disaster.'

Health insurance premiums are doubling, and in some cases tripling, he declared during a meeting at the White House with committee chairs, as he predicted that 2017 'would be a disaster for Obamacare.'

'That's the year it was meant to explode, because Obama won't be here. That was when it was supposed to be,' he proclaimed. 'As bad as it is now, it will get even worse.'

Mar 10 15:18

Jim Rickards: This Mini-Bubble Could Burst at Any Moment

Whenever stocks rise sharply for a sustained period, or rise more than a few days or weeks in a row, as had been the case until these past few days, there is always some pundit quick to label the trend a “bubble” and advise investors to run for the exits.

Mar 10 14:41

Doug Casey: How fascism comes to America

I think there are really only two good reasons for having a significant amount of money: To maintain a high standard of living and to ensure your personal freedom. There are other, lesser reasons, of course, including: to prove you can do it, to compensate for failings in other things, to impress others, to leave a legacy, to help perpetuate your genes, or maybe because you just can’t think of something better to do with your time.

Mar 10 14:28

Obamacare II – Return of the Walking Dead

Hillary Clinton isn’t Snapchatting images of her new haircut while President Donald Trump steers the ship of state simply because she’s only slightly more likeable than a pit viper. The Democrats constructed their coffin from the myriad scandals which plagued the Left; from the abuses of the Obama Administration to the excuses for Hillary. But they nailed it shut with Obamacare.

Mar 10 14:27

Are Central Banks Losing Control?

Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding. The returns on their "investment" is diminishing rapidly, and they're losing control of everything that matters.

Mar 10 13:53

OUCH! TRUMP HAS REALLY BAD NEWS FOR DEMOCRATS

You're seeing the start of a robust economic expansion, but you won't hear about it in the media because its favorable for Trump

Mar 10 13:29

Are Central Banks Losing Control?

Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding. The returns on their "investment" is diminishing rapidly, and they're losing control of everything that matters.

Mar 10 13:11

Disruptive Technologies Expose Unnecessary Government Regulations

In this video, Vin Armani shows how disruptive technology, like self-checkout kiosks and Uber, are exposing government regulations as an unnecessary protection racket.

Mar 10 12:58

The Inconvenient Truth About American Wages

My grandmother used to say, “You can put truth in the river five days after a lie; truth is gone catch up.”

Well, here’s the truth: The working men and women of this country are working more jobs and more hours, and they’re still barely hanging on. Beneath those fingertips, they can feel that middle-class dream – the American dream – slipping right away from them. It’s time for President Trump to do something about it.

I come from Ohio. It’s where I was born, and it’s where my roots run deep. We are humble, proud and hard-working people who’ve been battered by the twin storms of globalization and greed.

This past weekend, I was in another state full of humble, proud, and hard-working people; I marched with workers from the Nissan plant in Canton, Miss.

Webmaster's Commentary: 

This is not accidental.

For years, most of the protests came from middle-class workers; for the monied and the US Government, the easiest way of cutting down the protest was destroying the Middle Class in this country, and that is nearly what they have done.

Mar 10 11:46

Electronics store RadioShack files for bankruptcy again

U.S. electronics chain RadioShack Corp filed for bankruptcy on Wednesday for the second time in a little over two years, faced with a challenging retail environment and an unsatisfying partnership with wireless provider Sprint Corp.

Mar 10 11:07

How to find the best offshore banks

Mar 10 10:26

Freshman Congressman Who Said Some People "Just Don't Want Health Care And Aren't Going To Take Care Of Themselves" To Hold "Listening Tour" In Kansas This Week

Newly elected Congressman Roger Marshall, representing the 1st district of Kansas, is an OB-GYN who has delieverd 5,000 babies. Marshall made some comments in an interview last week which caught him a lot of flak. He explained his position and announced that he will hold a "Listening Tour" with nine stops in Kansas next week. In an earlier interview Marshall had said "Just like Jesus said, 'The poor will always be with us,' There is a group of people that just don't want health care and aren't going to take care of themselves. Just, like, homeless people. I think just morally, spiritually, socially, just don't want health care. The Medicaid population, which is a free credit card, as a group, do probably the least preventive medicine and taking care of themselves and eating healthy and exercising. And I'm not judging, I'm just saying socially that's where they are.

Mar 10 09:44

31 [Scumbag] Senators Call for More Foreign Workers to Replace Blue-Collar Americans

Thirty-one Democratic and Republican Senators are asking the Department of Homeland Security to maximize the use of blue-collar outsourcing visas so U.S. companies can import more foreign workers instead of recruiting, training and paying unskilled U.S. workers.

Mar 10 09:33

2016 Debt Binge Produces (Surprise!) 2017 Inflation. Guess What That Means For 2018?

Just as everyone was finally accepting the idea of deflation and negative interest rates, inflation decides to pay a return visi

Mar 10 09:16

Trump has the golden touch in first full month in office: Construction boom fuels job growth, unemployment is down and wages are up

More Americans launched job searches, lifting the proportion of Americans working or looking for work to the highest level in nearly a year.

And the labor force participation rate rose to 63 percent, a high water mark since ten months ago. That jump is an indication that people who have been on the sidelines are rejoining the labor market.

The healthy job growth, decent pay gains and falling unemployment rate will make the Federal Reserve even more likely to raise short-term rates when it meets next week.

Mar 10 09:01

RUSSIA'S LARGEST BANK CONFIRMS HIRING PODESTA GROUP TO LOBBY FOR ENDING SANCTIONS

Russia's largest bank, Sberbank, has confirmed that it hired the consultancy of Tony Podesta, the elder brother of John Podesta who chaired Hillary Clinton's presidential campaign, for lobbying its interests in the United States and proactively seeking the removal of various Obama-era sanctions, the press service of the Russian institution told TASS on Thursday.

"The New York office of Sberbank CIB indeed hired Podesta Group. Engagement of external consultants is part of standard business practices for us," Sberbank said.

Webmaster's Commentary: 

You have to love the dual smells of irony and hypocrisy in the morning; and the Clinton campaign claimed that Russia had hacked the US elections in favor of Donald Trump!!

Methinks the Clinton camp protested waaaay too much, given this recent turn of events.

Mar 10 08:57

HOUSE PASSES $578 BILLION MILITARY SPENDING BILL

The House of Representatives today voted 371-48, with massive majorities in both parties, in favor of another $578 billion military spending bill to cover the remainder of fiscal year 2017. The bill now moves on to the Senate, where it again is expected to easily pass.

The exact meaning of the figures is a little difficult to understand this time around, because Congress had already passed a military spending bill for fiscal year 2017 back in December, which was $611 billion. That bill was only ever intended to be a fraction of what was to be spent, aiming to give way to a second “emergency” bill before April, which is today’s bill, which would cover the rest of the year. That said, there is a lot of overlap between the two and the overall budget is not just a matter of adding the two together.

Webmaster's Commentary: 

A memo to President Trump and Congress: please spend this money more wisely than it has been spent in the past, particularly when it comes to America's weapons makers.

The practice of delivering weapons which are obsolete upon delivery; which do not perform as advertised; or have horrific cost over-runs cannot, and should not be tolerated by the US government or We the People.

Mar 10 08:52

Market Euphoria, China's Dumping of Treasuries Ignite Recession Concerns

Each of the last five major U.S. recessions were preceded by a shrinking global trade as a percentage of GDP.

Mar 10 08:51

ARE CENTRAL BANKS LOSING CONTROL?

If you want a central banker to choke on his croissant, read him this quote from socio-historian Immanuel Wallerstein: "Countries (have lost the ability) to control what happens to them in the ongoing life of the modern world-system."

Stated another way, Wallerstein is asking: what do central banks no longer control?

Central banks still claim absolute control over their currency, interest rates,what's legal/outlawed in their financial systems, and so on.

Wallerstein is suggesting that era has ended and central banks are losing control of the value of their currency, their role in the global economy and the social discontent that is the ripening harvest of central bank policies that have greatly enriched the rich at the expense of everyone else.

This matters because instability in a nation's currency quickly spreads to the economy and then to society: as a currency depreciates, the value of everyone's money declines, i.e. the purchasing power of their money is diminished.

Mar 10 08:43

'Whistle for it!' Nigel Farage fumes over £60bn bill UK is expected to pay to leave EU

NIGEL FARAGE has derided EU bigwigs’ threats that British taxpayers could be forced to fork out billions for Brexit.

Webmaster's Commentary: 

A ransom by any other name ...

Mar 10 08:43

Rickards: The path to $10,000 gold

Mar 10 08:42

Britain performed ‘the GREAT ESCAPE’ by voting to ditch Brussels, leading economist boasts

BRITAIN has executed the “great escape” and will perform “extremely well” after voting to leave the clutches of the EU, a world leading economist has boasted.

Mar 10 08:34

Toshiba’s Westinghouse Must Make Bankruptcy Decision Quickly

Toshiba's Westinghouse unit needs to decide by the end of the month whether to file for Chapter 11 bankruptcy so the Japanese conglomerate can compile audited third-quarter earnings without further delays, Japan's Finance Minister said on Friday.

Mar 10 08:29

Sean Spicer Confirms Trump Is Going To Bring Back Glass-Steagall

Wall Street stocks plunged Thursday after Sean Spicer announced President Trump is “committed to breaking up the banks” as the campaign to drain the swamp and uproot the establishment moves into high gear.

Mar 10 08:17

Charting The Maddening Market Messages

Mar 10 07:58

The Top 8 Reasons You Should Own Gold

Mar 10 07:48

IT TOOK $4 IN NEW DEBT TO CREATE $1 IN GDP

Bill Gross' letter discussing the credit deluge hitting the US came out at a convenient time: just as the Federal Reserve released its latest Flow of Funds report, which while most track to show the change in average household net worth - which is almost entirely a function of the stock market - we find it far more valuable for its nuanced information on the breakdown of US debt. And while it showed that in the fourth quarter, the net worth of US residents, mostly the wealthy ones as the bulk of financial assets is held by a small fraction of the total population, rose by $2 trillion to $92 trillion mostly as a result of a $1.5 increase in financial assets....

... we were more interest in the aggregate picture.

It wasn't pretty.

Webmaster's Commentary: 

This is truly scary; it is not a question of IF the US economy collapses; it is only a question of when.

Mar 10 02:54

WHAT DOES ROTHSCHILD KNOW ABOUT MARCH 15TH?

Historically, March 15th has been a very significant date to the Rothschilds. And now March 15th is likely to become a very significant date in American history. Andy Hoffman joins me to discuss Silver, Bitcoin, the US debt limit being reached, and why March 15th is so important.

Mar 09 18:31

Burger-flipping robot replaces humans on first day at work

A burger-flipping robot has just completed its first day on the job at a restaurant in California, replacing humans at the grill.

Flippy has mastered the art of cooking the perfect burger and has just started work at CaliBurger, a fast-food chain.

The robotic kitchen assistant, which its makers say can be installed in just five minutes, is the brainchild of Miso Robotics.

“Much like self-driving vehicles, our system continuously learns from its experiences to improve over time,” said David Zito, chief executive officer of Miso Robotics.

Mar 09 17:55

“Retailers Are the New Oil & Gas,” Only Worse

I’ve been doom-and-gloom on brick-and-mortar retail. But I haven’t been nearly doom-and-gloom enough, given the events of the past seven days. Includes my interview with The Financial Exchange, WRKO Boston.

Mar 09 16:27

Markets Keep Going Up - BLOWOFF Top Next?

Arch Crawford joined us. With emotions running high in the political parties, a recent eclipse, the market is being tightly controlled. The Dow keeps going higher but the S&P isn't moving. What is going to happen to change things?

Mar 09 15:21

The 'Trump Trade' Is Too Optimistic

Tom Beck of Portfolio Wealth Global believes the "Trump Trade" is overblown and recommends investors bulletproof their holdings.

Mar 09 15:12

It’s Time We Acknowledge Women’s Contributions To The Economy

Women hold 49.5 percent of payroll jobs. The health of the female workforce is hugely important to the health of the overall labor force. And yet—in crucial ways—lawmakers in the United States have avoided commonsense policy changes that have been shown to make it easier for women to balance paid work and their still disproportionate share of responsibilities at home.

Mar 09 14:53

Precious metals breakout? Dangerous if they don’t!

Gold has been in a persistent downtrend since 2011. Failed rallies have added up and it’s taken its toll on precious metals bulls.

Mar 09 14:41

Despite Numerous Advantages, The Rise Of E-Commerce Is Posing Serious Risk For This One Sector Of Economy

With the advent of E-Commerce, the trend in shopping is changing from visiting a brick and mortar shop to placing an order online through a website.

Mar 09 14:10

Atlanta Fed GDPNow Forecast Spirals Down in Amazing Manner

Where has all the optimism gone?

Mar 09 13:39

Protests Shake Egypt After Cut To Bread Subsidies

Hundreds of Egyptians in a number of cities, including Alexandria, Minya, Desouk and the working class Imbaba district of Cairo turned out on Tuesday to protest severe cuts to bread subsidies.

Mar 09 11:48

Keiser Report: Big Money In Space Junk

In this episode of the Keiser Report Max and Stacy discuss bitcoin passing gold price and the big money in space junk. In the second half Max interviews independent journalist, Tim Pool (@timcast) about his crowdfunded journey to the so-called ‘no go areas’ of Sweden and whether or not President Trump was wrong about how ‘dangerous’ they are.

Mar 09 10:32

'The Euro is IRREVOCABLE’ Euro Bank chief fires warning at Le Pen over Frexit vote promise

THE head of the European Central Bank (ECB) declared the euro is "irrevocable" and "here to stay" in a tactical intervention ahead of the French election, amid fears the vote outcome could derail the union.

Mar 09 09:54

UBER LOSSES HIT $2B A YEAR

Mar 09 09:46

Is Further Decline On The Cards For Tesla Stock Moving Ahead

Tesla shares saw an epic rally in the past few month with stock going up 50% in two months.

Mar 09 09:11

Russians return home, disappointed in Europe

Close to 150 thousand Russians have returned home from abroad in the last year, with one in five coming from the EU, writes the newspaper "Izvestia" . They cited data from the Ministry of Interior and Ministry of Foreign Affairs.

Nationals are currently returning to Russia due to take part in the voluntary resettlement program.

"The trend is evident, as I personally know of more than 20 people who are planning to move to Russia", stated a man who has lived in Paris for over 20 years, to the publication.

"In Germany, I realized that I had much less prospects for employment than in Russia," - lamented another Russian, who returned to his homeland after 12 years of living in Germany.

Mar 09 07:51

Ukraine Has Lost Billions On The Trade Agreement With The EU In Year One

The Deep and Comprehensive Free Trade Agreement (DCFTA) between Ukraine and the European Union, which came into force on 1 January 2016, was aimed at helping the East European economy to recover; however, the results after the first year fell far short of Ukraine’s expectations. The former Soviet Republic lost €2.2 billion more than it lost in 2015 on trade with the EU. While imports from the EU have surged, exports have barely grown.

As Polish media reports, the European Union has flooded Ukraine with goods, which is contrary to the aim of the free trade agreement: the document assumed the asymmetric openness of the markets in Ukraine’s favour.

Mar 09 07:30

16 Reasons Why You Shouldn’t Live In California

It has been said that “as California goes, so goes the nation”. That is why it is such a shame what is happening to that once great state. At one time, California seemed to be the epicenter of the American Dream.

Mar 09 07:07

Rise of the Machines: A Burger Flipping Robot Is About To Start Work at a Fast Food Chain

CaliBurger, a chain whose last sustained time in the spotlight was occurred because it was too much like In-N-Out Burger by In-N-Out Burger, is the latest restaurant to announce it’ll be using a burger flipping robot to handle grill duties.

Mar 09 06:43

Are Central Banks Losing Control?

Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding.

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