ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Apr 24 08:45

Why Are So Many Millennials Living With Their Parents Instead Of Getting Married And Starting Their Own Families?

Yes, there are many that need a good kick in the pants to get them going in life, but there are also millions that are simply victims of our ongoing long-term economic collapse.

Apr 24 08:03

Cayetano to Trump: Cancel Federal Rail Funding

Massive cost overruns and inflated ridership projections are the norm in rail projects, but Honolulu’s 20-mile elevated rail system tops them all. Initially estimated to cost $5.28 billion, the projected construction cost is now $10 billion or $500 million per mile, the most costly in the world.

City officials initially promised that rail would reduce the current level of traffic congestion dramatically. However, the Final Environmental Impact Statement concluded that rail would reduce traffic congestion by less than 2% and that “traffic congestion will be worse in the future with rail than what it is today (without rail).”

Currently. the City does not have the funds to complete the 20-mile system, falling at least $3 billion short and six years behind schedule.

How did this debacle happen? Frankly, like Alaska’s infamous “Bridge to Nowhere,” Honolulu’s rail project was driven more by politics than by objective engineering and planning.

Apr 24 07:55

If You Understand History and Economics, You Understand Gold

It was clear to me after the US election that Trump was never going to live up to all his promises to make America great again. He took over the country at the end of a 36-year era of continuous stock and bond market rally fuelled by the biggest credit expansion in US history. It would have been an impossible task for anyone to expand all the bubbles and it seems that Trump unsurprisingly has already failed at the first hurdle. After just under 100 days, he is already a lame duck president. This is why he has turned to war which is the last desperate attempt of a leader who fails on the home front in a bankrupt nation.

Apr 24 07:26

Bitcoin Safe Haven?

Apr 24 07:01

Big Pharma conspired to destroy supply of life-saving cancer drugs by putting profit before people

After getting its hands on leaked internal documents, including emails and presentations, The London Times recently revealed that one of the world’s leading drug companies created artificial shortages and threatened to destroy supplies of life-saving cancer drugs to drive up prices in Europe.

Apr 24 06:49

No wonder they wanted us to stay! UK leaving EU without deal 'would cost Germany BILLIONS'

BRITAIN leaving the EU without a deal would end up costing the remaining eurozone countries more, especially Germany, a Bundestag committee has been warned.

A hearing of the Bundestag’s European Committee was told by experts that Germany would incur extra costs because it is the largest net contributor to the EU’s kitty.

If Britain were to leave the bloc without a deal, then it would no longer be obliged to transfer any money to Brussels from April 2019 onwards and would not need to contribute to the future pension costs of EU officials, which stands at a sizeable £54.1billion (€63.8bn)

Dr Peter Becker, 58, at Germany’s Institute for International Policy and Security, told the committee: "The EU would then have no legal means to demand outstanding payments from London.”

Apr 24 06:43

TRUMP JUMP STARTS AMERICAN ECONOMY WITH POWERHOUSE $60 BILLION MOVE

Working in tandem with the GOP-led Congress, President Donald Trump has managed to save American businesses, investors and consumers an estimated $60 billion by slicing and dicing former President Barack Obama’s draconian regulations like a professional chef.

Apr 24 02:45

11 Facts That Prove That The U.S. Economy In 2017 Is In Far Worse Shape Than It Was In 2016

There is much debate about where the U.S. economy is ultimately heading, but what everybody should be able to agree on is that economic conditions are significantly worse this year than they were last year. It is being projected that U.S. economic growth for the first quarter will be close to zero, thousands of retail stores are closing, factory output is falling, and restaurants and automakers have both fallen on very hard times. As economic activity has slowed down, commercial and consumer bankruptcies are both rising at rates that we have not seen since the last financial crisis. Everywhere you look there are echoes of 2008, and yet most people still seem to be in denial about what is happening. The following are 11 facts that prove that the U.S. economy in 2017 is in far worse shape than it was in 2016…

Apr 24 02:12

Just How Safe is Spain’s Banking System?

Investment bank Mediobanca warns of “clear risk of contagion.”

Apr 23 14:45

Billionaires Are Now Terrified Of Major Correction This Summer

UK retail falls at the fastest rate. 40% of Spanish children live in poverty. Existing home sales surge in the bubble cities where hedge funds, speculation and foreign investors are purchasing.

Apr 23 08:53

Bill Holter - US Government Will Default, Captains of Dollar Are Panicked

Financial expert Bill Holter says the financial markets are being propped up by “fraud,” and the global financial markets are nothing more than “Ponzi schemes.” He says many people are surprised it all did not unravel years ago and points out, “I didn’t see it getting past the end of 2016. It could collapse anytime.

Apr 23 07:51

Kremlin advisor reveals 'cure for US aggression'

"The more aggressive the Americans are the sooner they will see the final collapse of the dollar as the only way for the victims of American aggression to stop this aggression is to get rid of the dollar. As soon as we and China are through with the dollar, it will be the end of the United States’ military might," Sergey Glazyev said in an interview with TASS.

Apr 23 07:21

Where There’s Smoke...There’s Central Bank Manipulation

Central banks around the world have colluded, if not conspired, to elevate and prop up financial asset prices. Here we'll present the data and evidence that they've not only done so, but gone too far.

When wee discuss elevated financial asset prices we really are talking about everything.

Apr 23 07:04

Central Banks’ $13 Trillion Problem

Nearly half of all American families live “paycheck to paycheck,” say researchers.

Without borrowing, 46% couldn’t raise $400 to cover an emergency.

This is at least part of the reason why retail sales dropped for the second month in a row in March. Despite seven years of economic “recovery,” millions of Americans don’t have much money.

Apr 23 06:53

The Tremendous Price Disparities of Everyday Items in 10 Major Cities

Singapore is the world’s most expensive city, but that dubious accolade is just an average of a wide range of prices. If you drill down to individual product categories, the picture shifts dramatically.

Apr 22 17:15

The Disintegrating Energy Sector Will Make The Entire System Grind To A Halt

Very few Americans realize that the disintegrating energy industry will make the entire economy and market grind to a halt. This won’t happen overnight, but if we look at history over several decades or a century, it will have fallen apart rather quickly. Unfortunately, there is nothing we can do about it because the time to transition has long gone, more than 20+ years ago.

Apr 22 16:57

Rate Of Poverty In The U.S And The Tale Of An Uneven Recovery

The official poverty measure was developed in U.S. in the 1960s in conjunction with President Lyndon Johnson’s War on Poverty. Each September the U.S. Census Bureau releases an update of the national poverty rate for the prior year.

Apr 22 10:24

FIGHT ATTENDANT American Airlines steward ‘whacks’ sobbing mum as she held twins then challenges another passenger to a FIGHT

People are starting to stand up against the bullies!

A FLIGHT attendant was filmed challenging a passenger to a FIGHT after a sobbing mum was allegedly “whacked” on board.

The American Airlines steward shouts “hit me” when a passenger came to the defence of the distressed mother.

Passenger Surain Adyanthaya, who filmed the shocking footage, claimed the flight attendant “‘violently took a stroller from a lady with her baby on my flight, hitting her and just missing the baby”.

Adyanthaya added: “They just involuntarily escorted the mother and her kids off the flight and let the flight attendant back on, who tried to fight other passengers.

“The mom asked for an apology and the AA official declined.”

Apr 22 10:13

VP Pence vows to honor refugee deal with Australia, which Trump had called ‘dumb’

US President Donald Trump may have branded a deal the Obama administration struck with Australia to resettle up to 1,250 refugees in America as “dumb,” but his vice president has now assured the Aussies that Washington will honor it anyway.

Apr 22 09:16

A crash is coming in high-yield bonds

If you’re a junk-bond investor, I have a message for you.

Get out.

Apr 22 08:48

THOUSANDS SUE MERCK FOR SHINGLES VACCINE ZOSTAVAX “CAUSING WHAT IT’S SUPPOSED TO PREVENT”

Attorney Troy Bouk was recently interviewed by Ring of Fire’s Farron Cousins to discuss the shingles vaccine Zostavax, the issues related to its effectiveness and the problems that are associated with the product, including the fact that the drugmaker’s vaccine seems to cause the very affliction that it seeks to prevent — and, according to a massive lawsuit, thousands of victims agree.
While we have everyone from attorneys to biologists, to political scientists who contribute to the Free Thought Project, none of us are doctors, so we do not make recommendations about what you and your family should do in regards to vaccination. That being said, the drug makers have an incentive for you not to see this information which means it will not be reported on in the mainstream media as their advertising dollars are tied directly to these companies. So, we find that it is our duty to spread this information and with your help sharing it, we can have a massive effect.

Webmaster's Commentary: 

For the medical/industrial complex, "treatments/vaccines" are rarely about care, but always about profits.

Apr 22 08:44

DEATH TOLL JUMPS TO 20 IN VENEZUELA PROTESTS

The death toll in three weeks of violence at anti-government protests in Venezuela jumped to 20 people after a night of clashes and pillaging left 12 people dead in Caracas, reports AFP.

Riot police and pro-government vigilantes fought running battles on the capital's east, west and south sides with protesters demanding the ouster of President Nicolas Maduro.

At nightfall on Friday, more protests and pockets of unrest were reported in eastern Caracas, and in Macuto in the neighboring state of Vargas.

Opposition leaders have called new protests for Saturday and Monday.

On Saturday, they plan to march in silence to the Catholic Church's episcopal seats nationwide. They plan to erect roadblocks on Monday to grind the country to a halt.

Protesters blame Maduro -- heir of the leftist "Bolivarian revolution" launched by the late Hugo Chavez in 1999 -- for an economic crisis marked by severe shortages of food, medicine and basic goods.

Webmaster's Commentary: 

I am hoping this situation can be resolved without more bloodshed; however, realistically, I am not holding my breath that such a resolution can be achieved, or quickly.

Apr 22 07:58

Proposed US-UK Trade Deal Slammed as 'TTIP On Steroids'

A new report says the proposed US-UK trade deal promised by Trump will be "TTIP on steroids," bringing in "corporate courts," privatization of health services and a threat to climate change, Sputnik has been told.

Apr 22 07:57

Oil companies exploiting famine and financial ruin in South Sudan

South Sudan’s vulnerable financial state is making the civil-war-torn state easy prey for opportunistic oil and gas companies that could be offering Juba a fraction of the energy profits they would earn under stable circumstances.

Apr 22 07:54

Trump ‘set to put Brussels AHEAD of Britain in trade talks queue after Merkel meeting’

Backtracking on his previous opposition to negotiating with the crumbling Brussels bloc, the President softened his stance after individual EU member states rejected attempts by his officials to start talks on separate trade agreements.

According to the Times, German chancellor Angela Merkel managed to convince Trump at a private dinner last month that striking a deal between the US and EU would be simpler than he thought.

Apr 22 06:54

Banks Prepare For MASSIVE Housing Bubble Burst In Canada! - You Won't Believe What BMO Just Did

Josh Sigurdson talks with author and economic analyst John Sneisen about a recent shocking development in Canada as the Bank of Montreal is now bundling uninsured mortgages. A first for Canadian bonds!

Apr 21 13:22

Private Equity Sets Its Sites On A New Funding Victim: Mom-And-Pop 401(k)s

After laying ruin to the defined-benefit pension plans of public and private employees over the past several decades, Wall Street has its sites set on its next victim: mom-and-pop 401(k)s. Sure, because as our recent headlines confirm, wall street money managers have worked wonders for public/private pension funds:

Apr 21 12:48

10 Ways To Stop Being A Slave And Bring Down The Pyramids Of Control

There are signs that the mind-pyramids that technocrats have built to enforce their 21st-century global plantation slave system are crumbling as they press harder upon our cognitive ability to make sense of words and actions. The owners of the shoulders on which the structure of tyranny is supported are beginning to leave in droves. The pyramids are falling as slaves begin to recognize their unconscious effort, and consciously encourage others to find a different line of work.

Here are 10 ways that you can help collapse all of the pyramids of control.

Apr 21 12:07

The End of Quantitative Easing – Perhaps Now It Will Be Inflationary?

One of the greatest monetary experiment in financial history has been the global central bank buying of government debt. This has been touted as a form of “money printing” that was supposed to produce hyperinflation.

Apr 21 11:36

The Last Time This Happened The Market Crashed

A few days ago Charles Schwab, the investment brokerage firm, announced that the number of new brokerage accounts soared 44% during the first quarter of 2017.

More specifically, Schwab stated that individual investors are opening up stock trading accounts at the fastest pace the company has seen in 17 years.

17 years.

Apr 21 10:31

Analyst Who Predicted Trump's Rise Bets On Le Pen Victory

"Le Pen’s momentum is a slow-moving reaction against the men of Davos - as we have seen with Brexit and Trump - but markets don’t want to believe it."
That’s the conclusion drawn by Charles Gave, founder of Hong-Kong based asset-allocation consultancy GaveKal Research, who, as Bloomberg reports, predicted the triumph of Donald Trump in the U.S. election, and is now betting on a win for the anti-euro National Front candidate.

Webmaster's Commentary: 

Le Pen's potential victory is going to signal the end of the Euro, as a currency, if not the European Union entirely.

Apr 21 09:15

Toronto House Price Bubble Hit with 15% Foreign Buyers Tax. “Property Scalpers” & “Double Ending” Brokers Targeted

“People need to ask themselves very carefully, ‘Why am I buying this house?”’: Stephen Poloz, Bank of Canada.

Apr 21 08:43

This Vicious Cycle is What Bedevils the US Economy

Railroads slash capital spending, and CSX digs deeper, after two years of Transportation Recession.

Apr 21 08:41

For The First Time In Its History, Subway Shutters Hundreds Of US Stores

For the first time in its 52 years of operation, Subway announced that it contracted in 2016, shuttering 359 US locations which as Bloomberg described was the "biggest retrenchment in the history of the restaurant chain" whose total store count dropped 1.3% from 27,103 in 2015 to 26,744 even as it remained the most ubiquitous fast-food eatery in the US, although McDonalds still tops if by sales.

Apr 21 08:33

Troubling Signs At Bakken As Oil Production Growth Stalls

The euphoria of rising U.S. oil production continues in the Mainstream media while troubling signs are now taking place at the Bakken. Even though overall U.S. oil production has climbed due an increase in drilling rig activity, supply from the Bakken has stalled.

Apr 21 07:48

Millennial Snowflakes Are Destroying The Economy

Apr 21 07:43

65% OF AMERICANS LOSE SLEEP OVER MONEY ISSUES

Apr 21 07:31

Danielle Dimartino Booth: Why Subprime Auto Loans May Be the Next Big Short

Sen and Danielle DiMartino debate whether the auto loan industry could bring down the economy.

Apr 21 07:22

American Dream Is Dead: Mexican And Chinese Millennials Have Higher Homeownership Rate Than Americans

From a cultural and economic perspective, American millennials will likely go down in history as a lost generation. We’re talking about an entire generation that was coddled, and bamboozled by an education system that tricked them into absorbing tens of thousands of dollars in debt for college degrees that are worthless.

Apr 21 07:00

Calling Germany a ‘rogue' economy is ‘bulls**t’ – finance minister

German Finance Minister Wolfgang Schaeuble has responded fiercely to accusations Germany is an "economic rogue state," undermining the stability of the European Union.

The minister was asked on CNBC about stories in the British media, where Germany is accused of caring only about its own profit and ignores its neighbors.

“There are some writers even in the UK which write bullsh**t, with all due respect,” responded Schaeuble.

“Did you say bulls**t?” asked the anchor.

“Yes. I don't like it,” said Schaeuble.

Apr 21 06:53

The Collapse of the Middle Class in 20 Major U.S. Cities

When future historians look back at the beginning of the 21st century, they’ll note that we grappled with many big issues.

Apr 21 06:38

Now growing Uber scandal engulfs another minister: Former Business Secretary Sajid Javid has deeply worrying questions to answer regarding his relationship with the tax-dodging taxi firm

London black cabbies' incomes have declined by 25 per cent because of Uber

Last month, we revealed Cameron's cabinet's close relationship with the firm

No.10 staff are being investigated for trying to cover up lobbying Boris Johnson

Taxi drivers have revealed a similar cover-up by the staff of minister Sajid Javid

Apr 21 06:36

Ukraine National Bank: We Never Promised to Protect International Investors

The state is paying for nationalization of this bank absolutely incredible amount of money,” Gontareva stated on Thursday. “For you to understand, we’d like to protect our small and medium business, we’d like to protect pensioners, we’d like to protect 20 million Ukrainian small depositors. We never promised to protect international investment, professional investors. It was absolutely clear in our legislation.”

Apr 21 06:35

“HUNTING FOR EASTER FASCISM”: CAMPAIGN AGAINST LE PEN IS IN FULL SWING

The main object of Le Pen’s criticism became bankers, European bureaucrats, Brussels, technocrats and finanancial lobby. They have huge power and, that’s why, they take a decision without considering people’s will.

“They control our laws; they are leading us to our surrender and subordination. They owe our territories and we cannot decide anymore who comes to our country. They own our rights: the French in France have fewer rights than foreigners”, - Mrs. Le Pen mentioned. The leader of the National Front reminded about a threat from terrorists, drug dealers, and mafia, which are the consequences of non-controlled borders in France.

“The principle of solidarity does not reflect the interests of sovereign policy in France anymore”, - Mrs. Le Pen added. “This reflects not only the material aspects of life: the shortage of work places,infringement of native citizens’ rights and so on, but it reflects the loss of our own history and culture”.

Apr 21 06:28

The Real Reason For America’s Looming Retirement Crisis

Did you know that approximately 40 percent of all American workers have absolutely nothing saved for retirement? And did you know that pension funds in the United States are currently underfunded by about six trillion dollars?

Apr 21 06:28

Gold Market PANIC? $3 Billion Dumped to Rig Gold Down into London Fix

$3 BILLION Fraud?

Apr 21 02:13

The Last Time This Happened Was in 2008

Apr 20 16:10

Why Are So Many Millennials Living With Their Parents Instead Of Getting Married And Starting Their Own Families?

Did you know that the percentage of 18 to 34-year-old Americans that are married and living with a spouse has dropped by more than half since 1975? Back then, 57 percent of everyone in that age group “lived with a spouse”, but today that number has dropped to just 27 percent.

Apr 20 13:32

Deposits Are Now Vulnerable To Bank Seizure

Are your accounts at the banks really secure? After the financial crises, there are laws on the books that make your accounts insecure from even the bank itself. This is a MAJOR threat to your retirement security and savings.

Apr 20 11:02

GM’s Venezuela plant, assets seized by authorities

Venezuela Seizes General Motors Car Plant

Apr 20 10:54

Gary Webb’s DARK ALLIANCE Timeline - Evolution of an International Drug Ring with ties to the CIA

story features convoluted and secretive trails of money and drugs as well as equally twisted relationships between the CIA operatives, the Contras, and crack cocaine distributors.

Apr 20 10:09

A Topsy-Turvy Tax System That Will Never Be Reformed

In the U.S., we want things simplified, but the entrenched and powerful tax preparation class, including accountants from coast to coast and now the likes of Turbo Tax and H&R Block, will do everything they can to keep the status quo in place. Complexity and confusion force Americans to use others to prepare their taxes for them.

Apr 20 10:06

THE H1-B SCAM

The scumbag Silicon Valley Hillary supporting CEOs are the ones shipping in cheap labor from foreign countries to steal American jobs. Trump proves he’s all talk once again. How many campaign promises can he break before the Trumpbots realize he’s a phony?

Apr 20 09:48

US Senator McCain Says Exxon 'Crazy' for Trying to Resume Business With Russia

McCain claims that Exxon Mobil must be mentally unstable to apply for a waiver from US sanctions on Russia to resume its business with the Russian oil giant Rosneft.

Apr 20 09:28

Venezuela Seizes General Motors Car Plant

General Motors says Venezuela illegally seizes auto plant

Apr 20 09:12

Trump Demands For Border Wall Funding May Force Government Shutdown Next Week

Trump, under internal pressure to show legislative achievement

Apr 20 09:09

More troubling news for the economy

Last Thursday, we learned U.S. wholesale-price inflation may be peaking…

That morning, the U.S. Bureau of Labor Statistics (“BLS”) reported wholesale prices – as tracked by its Producer Price Index (“PPI”) – fell by 0.1% in March. This was the first month-over-month decline in seven months.

On Friday, we learned that U.S. consumer price inflation could moving lower again, too…

Apr 20 08:47

Toronto's Increasingly Unaffordable Real Estate Market Is Going To Impact Other Canadian Cities As Well; Here Is How.

Home sales across the Canada hit a record high in the month of March, mainly due to transactions in the fiercely hot market of Toronto, further fuelling concerns about the city’s real estate sector. The CREA report added to evidence of booming sales in Toronto, the nation's largest market, where bidding wars and soaring prices have sparked concern about a bubble.

Apr 20 08:41

Eurovision by candlelight? Ukraine on the brink of energy catastrophe

On April 19th, Ukraine’s Ministry of Energy and Coal submitted a document to the country’s government on banning coal imports from the Russian Federation, the ministry’s head, Igor Nasalik, has announced. According to Nasalik, “the ban concerns importing the coal energy group from the Russian side.” The minister also reported that Ukraine hopes to sign a contract on anthracite coal deliveries from the US, as the Americans are ready to ensure a cheap price for coal. The volume of coal supplies from the US was enthusiastically announced to amount to 3.5-4 million tons a year.

Apr 20 08:38

Gab Founder Banned From Silicon Valley

Andrew Torba talks about how after his political views became known he has been banned from the very liberal Silicon Valley.

Apr 20 08:37

BREXIT BILL BOMBSHELL: Now Brussels demands annual HIKE in UK's divorce payment

Officials in Brussels want the power to make “annual technical adjustments” to the gargantuan tab even after it has been agreed with Britain, adding on extra demands for cash every year.

The jaw-dropping move means the mooted £52bn bill could continue to grow in size years into the future, with the UK still being asked to cough up more money even after it has left the bloc.

Apr 20 08:25

Trump looking to dump Dodd-Frank

President Donald Trump met Tuesday at the White House with top CEOs from some of America’s leading corporations.

He boasted: “We are doing a major elimination of the ‘horrendous’ Dodd-Frank regulations. Keep some obviously, but getting rid of many.”

The cozy CEO clique of twenty honchos belong to something called “The Strategy and Policy Forum.” Tax reform was also on their agenda. You better believe that any so-called “tax reform” will benefit the 1% Gang more than any member of loser Hillary Clinton’s long forgotten and unfairly-maligned “deplorables.”

What is Dodd-Frank?

Apr 20 07:36

17 Reasons Why You Should Own Gold

Apr 19 23:38

California Road Charge Pilot Program

Exploring an Option for Replacing California's Gas Tax- About the Pilot Program. The California Road Charge Pilot Program is a multi-year endeavor that, at its core, strives to engage the public in order to gain input and feedback. Pilot volunteers will be able to choose one of the five mileage reporting methods California will be testing. Please note: Volunteers will not pay any out-of-pocket costs. No money will be exchanged during the pilot. Above all, you get to be a driver, not just a passenger, and contribute to fixing California… one mile at a time. How You Can Participate.. What Is Road Charge? Road charging means drivers pay to help maintain the roads based on the distance they travel or a period of time they use the roads, rather than the amount of gasoline they consume. Why Are We Studying Road Charge?

Apr 19 19:32

ECONOMIC DEFLATION CRISIS IS REALITY NOW

Apr 19 17:20

40% of Spanish children live in poverty - report

Spain has the EU’s third highest rate of child poverty, after Romania and Greece.

Statistics show the proportion of children living below the poverty line in Spain increased by nine percentage points between 2008 and 2014, to reach almost 40 percent.

The sharpest increase (56 percent) was among households of four people (two adults and two children) living on less than €700 per month (or €8,400 per year).

Apr 19 16:52

Karmic Disaster: The Debt Comes Due

Hindu scriptures teach that anyone who kills or causes harm to other sentient beings is in for a big dose of Bad Karma as a result. The shit can hit the fan in this lifetime or in some future reincarnation, but it will happen. Not that I personally subscribe to Hinduism or any other religion, but I do believe that there’s a large dose of merit in their world view. A lot can be said for lifestyles which involve veganism and peaceful coexistence with our fellow beings. Stray from the path, commit the crime, and you’ll eventually do the time. Like the Hindus, we’ll define “sentient beings” as including (most) humans, all other creatures with eyes and mothers, and most importantly Mother Earth herself; for she’s borne the brunt of harm caused by her thoughtless, careless, greedy human children.

Apr 19 14:50

What Will the Fate of Tax Reform be in Today’s America?

Following Republicans’ abysmal failure to repeal and replace Obamacare, the GOP announced that their next order of business would focus on tax reform. House Ways and Means Committee Chairman Kevin Brady declared that he would schedule a hearing in which the House will review a drafted tax reform blueprint.

Apr 19 12:54

Investors Rage After 3 Billion Yuan Vanish From China's Largest Private Bank

Theoretical warnings about risks inherent in China's shadow banking system became all too for 150 customers of China's largest private bank, when Minsheng Banking Corp found itself involved in a 3 billion yuan (US$436 million) fraud case, after it emerged that a branch chief of the lender in Beijing allegedly issued false bank acceptance bills and later secured funds from individual investors to cover up the misdeed.

According to SCMP, an accidental inquiry from an investor exposed the fact that the WMPs sold by a Minsheng branch didn’t even exist. When shocked investors rushed to the bank, they found the head of the branch had been taken into police custody and the supposed due payment date had passed.

Apr 19 12:50

Leading indicator double topping going into May?

Many times over the years, what the stock markets do in Germany and Europe, impacts stocks in the states. Several times Germany has been a leading indicator in bull and bear moves, ahead of what take place in the S&P 500. Below looks that the DAX index over the past decade and the important pattern that could be in play.

Apr 19 12:34

The Story Of A Doomed Business Model That Currently Is In The Money

On Monday last week, the darling of Silicon Valley became the most valuable American car company, surpassing General Motors, the Detroit granddaddy with $10 billion in sales on nearly 10 million vehicles.

Apr 19 11:47

Forbes pegs Kushner family’s net worth at $1.8B

Jared Kushner and his family are worth an estimated $1.8 billion, roughly half of which comes from their real estate holdings.

That figure is derived from the Kushner family’s 13 million square feet of property plus 20,000 residential apartments, and also from the small fortune Jared’s younger brother Josh has built with venture-capital investments in companies like Instagram and Slack, according to Forbes. It’s also the record sum Jared paid for 666 Fifth Avenue in 2007, though he later was forced to sell equity and condos to avoid foreclosure.

Apr 19 09:40

Second Largest Us Brokerage Chases After Chinese Investors, Will Market Us Homes In China

Marketing US homes to Chinese investors living in China is good business, and some US brokerages have specialized in it. But now it’s big enough for Warren Buffett. “Warren Buffett,” “Berkshire Hathaway,” and “Coca-Cola” are well-regarded brand names in China. So all that was needed was a major Chinese platform to market American homes to Chinese investors under those names, on a scale never seen before. And voila.

Apr 19 08:05

Is The Fed Actually Paying The Banks Not To Lend?

Gold was slammed down today, the deep state/central bank is trying to keep everyone away from precious metals. The corporate media has now admitted that there is a problem and that people are losing their job, the corporate media is now broadcasting the collapse of the economy.

Apr 19 07:28

Bo Polny-Jubilee Year Means Stocks, Bonds and Dollar are Toast, Gold & Silver Spike

Market cycle analyst Bo Polny says a “Jubilee” year is the end of seven, seven year cycles. That is 49 years, and now is the 50th year which is called a “Jubilee” year. Polny says, “49 years is the end of the cycle. So, the 50th year is a year of cleansing and a year of washing. It’s a year of debt forgiveness. . . .It’s a year of rest. It’s a debt forgiveness year. . . .

Apr 19 06:56

Our Intellectual Bankruptcy: The "Religion" of Economics, UBI and Medicare For All

Clinging to magical-thinking fixes that change nothing on the fundamental level hastens collapse.

Apr 19 05:23

Goldman Sachs claims propping up ‘the economy is great!’, funds Syrian war

The age of parasitic capitalism still hasn’t sputtered to its final death. Among the larger players is Goldman Sachs, the very same megabank that the oligarchs use to fund terrorism – like the latest foray into Syria. Goldman Sachs is known for money laundering, billion-dollar-lobbying for the ease of punishment for corporations who launder said money, drug pushing, defrauding investors, war profiteering, and now, outright lying in order to keep their grimy claws on as much government-baptized cash as possible.

Apr 18 20:03

Trump: The New Face Of Crony Capitalism?

Apr 18 15:54

America's Addiction to Big Government

Our federal government has grown to such a size that it has become completely unaccountable and ineffective. In the process of growing to its current size, the state has racked up almost $20 trillion of debt.

Apr 18 15:33

Options Traders Running For The Hills?

Fear finally made its way into the equity options market at the end of last week – at least for a day.

Apr 18 15:20

What Impact Does The Chinese Housing Bubble Have On Local And International Markets? Is The Housing Bubble Going To Burst Very Soon?

China commodity markets are competing against an ever-expanding crop of the wealthy whose demand for real estate as an investment seems to know no bounds. China's housing market is worth looking.

Apr 18 11:33

Scott Adams: The Air Comes Out of the Anti-Trump Balloon

In January of this year, President Trump’s critics were marching in the streets because they believed he was about to go full-Hitler. Or maybe he was just crazy, and about to do something dangerously stupid.

Today their biggest complaint is that President Trump hasn’t shared his tax returns with the public.

How’s everything else looking?

Apr 18 10:59

Economic Collapse: Geopolitical Issues Sending Investors For The Exit (VIDEO)

It seems the increasing tensions in the Middle East and on the Korean Peninsula have caused some investors to lose their nerve with the Dow falling 138 points after Trump dropped the ‘Mother Of All Bombs’ in Afghanistan. Both the Dow and the S&P500 closed at 2 month lows. And while you might think that a 138 point drop is relatively minor considering just how much the stock market has risen since the election, there’s even more troubling news behind the scenes.

In the following video, Right Wing News looks at how the geopolitical situation might be hastening the upcoming economic reckoning. But let’s be clear, both the Middle East and the Korean peninsula could be 100% peaceful, but it still won’t make a difference in the long run. The stock market is inflated, loans are collapsing, and Americans may soon be facing a sharp decline in standards of living. Are you prepared?

Apr 18 10:45

The Return of Commercial Prison Labour

Prisons are seldom mentioned under the rubric of labour market institutions such as temporary work contracts or collective bargaining agreements. Yet, prisons not only employ labour but also cast a shadow on the labour force in or out of work. The early labour movement considered the then prevalent use of prison labour for commercial purposes as unfair competition. By the 1930s, the U.S. labour movement was strong enough to have work for commercial purposes prohibited in prisons.

Apr 18 09:48

Ron Paul: The Federal Reserve is, and always has been, politicized

Audit the Fed recently took a step closer to becoming law, when it was favorably reported by the House Committee on Oversight and Government Reform.

Apr 18 09:28

Tax Day And The Killer Instinct In Economic Policy

We seem poised for a great debate over tax policy in the next few months. Donald Trump and the Republican Congress are likely to push for various plans to reduce taxes on the wealthy. Progressives, and hopefully most of the Democrats, will be fighting back. While concerns over deficits are hugely exaggerated, at the end of the day we will need some revenue, and it makes much more sense that it come from people like Donald Trump and his cabinet members than ordinary workers.

Apr 18 09:20

Wikileaks Warns: Bitcoins Open to CIA

Apr 18 08:45

Wall Street Is Pouring Money Back Into Shale

With oil prices seemingly on firm footing, Wall Street is pouring money back into the shale sector, expecting profits even at $50 per barrel.

Apr 18 08:00

When Will They Ever Learn?

Fifty years ago we were bombing North Vietnam “back into the stone age.” That worked out well for the military contractors, killed many, and raised prices for the US people.

Twenty-five years ago we were fighting Iraq and Saddam Hussein. That worked out well for the military contractors, killed many, and raised prices for the US people.

Ten years ago we were fighting in Iraq. That worked out well for the military contractors, killed many, and raised prices for the US people.

Today we are still fighting in the Middle-East and bombing Syria. A taskforce of ships is threatening North Korea. Who benefits?

When will we learn?

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