ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Oct 18 18:13

Why This Market Ride Is Almost Over

Oct 18 17:51

The Arc of the Moral Universe

This next bubble and crash cycle is going to put a tear in the social fabric, and may even leave a mark.   The natives are clearly getting restless and their sahibs may be in danger of losing control.

Oct 18 16:39

DE-LEVERAGE your finances or lose everything!

Oct 18 15:53

DE-LEVERAGE your finances or lose everything!

Oct 18 15:05

Bubble-nomics

Oct 18 13:07

Silver Bullion Prices Set to Soar

Oct 18 11:25

Democrats Used To Be The Party Of Slavery: Doug Schoen Pushes The Case For Keeping The Democratic Party Allied With Wall Street

Doug Schoen, a former consultant to Bill Clinton, argued the case that the Democrats should keep their ties to Wall Street in a NYT column this morning. While he does advance his argument with some red-baiting and bad logic, he uses tradition as a starting point.

Oct 18 10:29

Airbus Takes On Boeing By Striking Deal For Bombardier Ownership Stake

Boeing's battle to crush Bombardier has encountered an unexpected obstacle.

Bloomberg reports that Airbus SE has agreed to acquire a majority stake in Bombardier Inc.’s C Series program, which the Commerce Department slapped with a 300% tariff it ruled in Boeing’s favor in a complaint alleging Bombardier had benefited from anti-competitive government subsidies.

Under the terms of the deal, Airbus won’t pay a dime up front for the C-Series, but will begin assembling the technologically advanced by poor-selling jetliner in the US in what Bloomberg said could be an effort to circumvent the tariffs. Airbus is adding another final assembly line for the C-Series at its factory in Mobile, Alabama, which will serve US customers and complement production in Canada, according to a company statement late Monday. However, Bloomberg says it’s unclear if the deal will allow the C-Series to avoid the tariffs.

Oct 18 10:19

US ARMY IS PREPARING FOR DECADES OF HYBRID WARS

Released on Monday, the US Army’s Training and Doctrine Command, or TRADOC, drafted a new strategy for how US ground forces will operate, fight, and campaign successfully across multiple domains—space, cyberspace, air, land, maritime—against all enemies in the 2025-2040 timeframe.

The new strategy calls for “super-empowered individuals and small groups”, who are mobile and can simultaneously fight in every domain of warfare, which will replace the conventional large units like today.

Since the end of the Cold War, US and Joint Forces have enjoyed considerable amounts of freedom across all domains. The purpose of this new concept is to prepare the US for an increasing number of actors who challenge US global hegemony.

The reported titled “Multi-Domain Battle: Evolution of Combined Arms for the 21st Century, 2025-2040?, repeats one key point over and over again according to Defense One.

Webmaster's Commentary: 

So we are looking at perpetual, global war to maintain economic hegemony, no matter the moral and financial costs to this country?

Beam me up, Scotty; no intelligent life here!!

Oct 18 09:23

Silver Bullion Prices Set to Soar

Silver bullion prices are expected to jump as solar and smartphone demand rises and the Fed tries to stave off economic weakness

by Myra Saefong via Barrons

Gold prices have far outpaced gains in silver so far this year, but silver will emerge as the winner for the second year in a row.

With a per-ounce price of $17.41 for silver futures as of Friday, analysts say the white metal is poised for a big climb, particularly as the gold-to-silver ratio stands well above historical averages. “Silver is definitely undervalued compared to gold and as a stand-alone investment. I consider it likely to be the most undervalued asset in the general investment markets,” says Paul Mladjenovic, author of Precious Metals Investing For Dummies.

Oct 18 09:09

EU says 1mn refugees in Turkey receive cash assistance

An EU-funded project that provides cash assistance to vulnerable refugee families in Turkey has benefitted one million asylum seekers since it was launched a year ago, according to officials. The program supplies debit cards to the most disadvantaged families, allowing them to buy food and meet other needs.

Oct 18 08:57

America's Global Dishonesty Will End the $US as a Reserve Currency

"Washington, instead of operating a fair system, uses its world currency role to dominate other countries. Russia and China are too strong to be dominated, and, thus, are throwing off the dollar system."

Oct 18 08:33

Corporate Consolidation: Last Week Tonight with John Oliver (HBO)

Oct 18 08:11

Chicago Politician Pushes Ban On Businesses Banning Cash

In July, Visa officially entered the global 'war on cash', adding to a long list of academics, elites, and bankers urging the removal of one of the last freedoms 'for the good of the rest of us'. However, if Alderman Edward Burke has his way, that 'war on cash' will end in Chicago after he submitted an ordinance at last week's City Council meeting to ban businesses from banning cash.

Oct 18 08:08

Europe’s Economic Death Spiral

Oct 17 18:17

Sainsbury's AXES 2,000 jobs in £500m cost-cutting drive

Payroll and human resources roles will be axed across the stores as the company tries to make huge savings and fund a price war with other retailers

Sainsbury’s confirmed today that it had launched a consultation on the plans, which are expected to affect around 1,400 staff.

It will also restructure its central office operations across the grocery chain, Argos and Sainsbury's Bank, which could see another 600 roles axed.

Oct 17 16:32

George Soros foundations now control $18 billion: reports

Investor George Soros has transferred about $18 billion, the majority of his estimated fortune, to his Open Society Foundations, making them the second largest philanthropic grant-making group in the United States, according to media reports on Tuesday. The foundations already controlled billions of dollars, but Soros, 87, has in recent years increased the pace of transfers from his hedge fund-turned-family office, Soros Fund Management LLC, the Wall Street Journal and the New York Times reported earlier on Tuesday, citing Open Society officials.

Oct 17 11:32

Iraqi Kurd Army Agrees To Return To 2003 Border, Oil Slides

In a dramatic de-escalation of recent hostilities in Iraqi Kurdistan, where in a blitz campaign the Iraqi army was able to recapture Kirkuk , effectively regaining control of the oil-rich region, the Kurdish Peshmerga forces, i.e. the army of the autonomous region of Iraqi Kurdistan told Sky News Arabia that it has agreed to return to the 2003 Iraq border, which if confirmed would be a major concession to Iraq which has been pushing for just this conclusion for the past month.

Webmaster's Commentary: 

We just might have had a moment of true sanity enter this conflict.

Oct 17 11:29

"The System Is Broken": Angry Baltimore Dad Lashes Out As 12th Grader Tests At 4th Grade Math Level

One Baltimore resident and disable Army veteran, Victor Able, Sr., is fed up with the public education that his son, a 12th grader on the verge of graduation, received from City Neighbors Charter School after he recently tested at 4th grade level in math and 5th grade level in reading. Able says his son was simply passed to the next grade year after year so that his school could continue to receive extra federal funding even though it failed to deliver results. After his complaints fell on deaf ears at city council and the mayor’s office, Able has now hired an attorney to address a system he says is "broken." Per Fox News:

According to the IEP report, the 12th grader reads at a 5th grade level; does math at a 4th grade level.

“It’s not supposed to happen,” stated Able. “I don’t want him to fall out into the streets.”

“They failed my son,” said Able. “Not just my son, a whole lot of kids. The system is broken. They need to stop and fix it.”

Webmaster's Commentary: 

God bless this man for taking on the teachers' union in Baltimore.

Unions are an absolute blight on the system, many times preventing students from receiving anything approximating an excellent education.

Oct 17 10:02

Andrew Hoffman – $5000 Bitcoin!

Oct 17 09:59

DUBAI PROPERTY MARKET 2018 - Boom or Bust?

Oct 17 09:28

The Endgame Of Financialization

As you no doubt know, central banks don’t actually print money and toss it out of helicopters; they create a digital liability and use this new currency to buy assets such as bonds and stocks. Central banks have found that they can take control of the stock and bond markets by buying up as much as these markets as is necessary to force price and yield to do the central banks’ bidding.

Oct 17 09:15

Kobe Steel Scandal Goes Nuclear: Company Faked Data For Decades, Had A "Fraud Manual"

Well, as of moments ago that tipping point was this much closer, when the same Nikkei reported that some Kobe Steel plants in Japan had been falsifying product quality data for decades, well beyond the roughly 10-year time frame given by the lying steelmaker. According to the Japanese newspaper, "employees involved in the data manipulation used the industry term tokusai to refer to shipping of products that did not meet the standards requested by customers", the Nikkei source said. Though tokusai usually refers to voluntary acceptance of such products, plants sometimes sent substandard goods without customers' consent. The word was apparently in use at some plants for 40 to 50 years.

Oct 17 09:09

Globalization Is Poverty: "The Endgame Is Painfully Obvious"

Central bankers have never done more damage to the world economy than in the past 10 years. One may argue this is because they never had the power to do that. If their predecessors had had that power, who knows?

Oct 17 09:06

Gold and the Dollar: Good News and Bad News

Oct 17 09:02

John Rubino – Signs Pointing to Recession?

Oct 17 08:25

The Missing Money – $21 Trillion in Undocumentable Adjustments and Counting with Dr. Mark Skidmore

By Catherine Austin Fitts

This week Dr. Mark Skidmore, Morris Chair of State and Local Government and Policy at Michigan State University joins me on the Solari Report to discuss his recent report on what is now $21 trillion in undocumentable adjustments at the Department of Defense (DOD) and the Department of Housing and Urban Development (HUD) between 1998 and 2015. I had been using the number $18 trillion. However, Dr. Skidmore and his team have identified another $3 trillion which we have added to the documentation that he and his students have reviewed and provided. See DOD and HUD Missing Money: Supporting Documentation for $21 Trillion in Undocumentable Adjustments.

Oct 16 14:15

The Endgame of Financialization: Stealth Nationalization

As you no doubt know, central banks don’t actually print money and toss it out of helicopters; they create a digital liability and use this new currency to buy assets such as bonds and stocks. Central banks have found that they can take control of the stock and bond markets by buying up as much as these markets as is necessary to force price and yield to do the central banks’ bidding.

Oct 16 13:45

How The Elite And Greedy Corporations Are Destroying Thousands Of Years Of Agriculture

The increasingly globalised industrial food system that transnational agribusiness promotes is not feeding the world and is responsible for some of the planet’s most pressing political, social and environmental crises. Localised, traditional methods of food production have given way to globalised supply chains dominated by transnational companies policies and actions which have resulted in the destruction of habitat and livelihoods and the imposition of corporate-controlled, chemical-intensive (monocrop) agriculture that weds farmers and regions to a wholly exploitative system of neoliberal globalisation.

Oct 16 11:24

Being Humble is Required for Trading

Oct 16 11:07

'Poverty, hunger and suicidal despair': Whistleblower exposes chaos at heart of Government's universal credit system

‘I see masses of suffering on a daily basis... We have to tell claimants that the state cannot support them even if they have young children to feed... Turning away those in abject poverty is part of the job’

Oct 16 10:00

The Endgame Of Financialization – LewRockwell

As you no doubt know, central banks don’t actually print money and toss it out of helicopters; they create a digital liability and use this new currency to buy assets such as bonds and stocks. Central banks have found that they can take control of the stock and bond markets by buying up as much as these markets as is necessary to force price and yield to do the central banks’ bidding.

Oct 16 09:55

Notorious US Regime-Change Specialist Targets Hungarian PM Orban

Many readers likely never heard the name of the remarkable Serbia-born political operator named Sr?a Popovi?.

Yet he and his organization, CANVAS, have played a lead role in most every CIA-backed Color Revolution since he led the toppling of Serbian President Slobodan Milosevic in 2000, at least fifty according to last count.

On September 8, the professional regime-change specialist Sr?a Popovi? came to Budapest and joined with the anti-Orban opposition groups in front of the Hungarian Parliament.

It‘s clear that Popovi? was not in town to promote his Hungarian book on nonviolent regime change but rather to give aid to the anti-Orban parties before Hungarian elections in spring of 2018.

Many in Hungary smell the oily hand of Hungarian-born regime-change financier George Soros behind the Popovi? appearance now in Budapest.

Webmaster's Commentary: 

The current Hungarian government, under Orban, is enforcing borders; language; and culture. They have seen what a mess unrestricted immigration has made of Germany, Sweden, Norway, and beyond, and want no part of it.

When people want to assimilate; train to work and be competitive; and embrace the cultural identity of their adoptive country, that's one thing; but attempting to enforce the cultural norms of their former countries; never learning the language, and living in the victimhood of entitlement... that is a whole different kettle of kumquats!!

Oct 16 08:35

BREAKING: Russia Issuing ‘CryptoRuble’

Russian President Vladimir Putin has officially stated that Russia will issue its own ‘CryptoRuble’ at a closed door meeting in Moscow, according to local news sources. The news broke through Minister of Communications Nikolay Nikiforov.

According to the official, the state issued cryptocurrency cannot be mined and will be issued and controlled and maintained only by the authorities. The CryptoRubles can be exchanged for regular Rubles at any time, though if the holder is unable to explain where the CryptoRubles came from, a 13 percent tax will be levied. The same tax will be applied to any earned difference between the price of the purchase of the token and the price of the sale. Nikiforov said:

Oct 16 06:54

How Americans Differ by Age

Oct 16 05:25

The Fading Scent of the American Dream

Oct 16 05:02

New Iran Sanctions Could Send Oil Prices Higher

Oil prices are bound to remain low over the next couple of years, but two potential events could send them either higher than today’s levels or sinking into the $30s — new U.S. sanctions on Iran or OPEC failing to extend the production cut deal beyond March 2018>>>

Oct 15 14:08

Chart of the Day: Mind The Machines!

Oct 15 07:43

80% Unemployment by 2030?

Oct 14 17:20

Disney-ABC TV Begins Layoffs, Restructuring

Oct 14 12:49

Scott Adams: Low Public Approval of President Trump Yet Unusually High Consumer Confidence. Hmmm…

How did we get to a place where The President of the United States has historically low approval at the same time we have recent highs for consumer confidence?

Oct 14 12:04

Personal Recollections of the Crash of 1987

Oct 14 10:22

Norway plans to send armored unit close to Russian border

Norway said on Friday it planned to send an armored battalion near its arctic border with Russia and buy more tanks and artillery to respond to growing threats.

Defence Minister Ine Eriksen Soereide did not mention Russia as she described her minority government’s defense plan, and said she did not see a specific, current military threat.

But the NATO member and other nearby countries have grown increasingly alarmed about Moscow’s ambitions, particularly following its annexation of Ukraine’s Crimea region in 2014 and its naval and air force maneuvers in the region

Webmaster's Commentary: 

Note when I have talked about narrative supporting the US deep State's agenda; Russia is again being charged with "annexing Crimea" by Reuters, which is an absolute, complete lie. Caught you AGAIN, Reuters!

President Obama administ that Washington brokered a deal in Ukraine in support of regime change

Didn't quite get to that factoid, did you Reuters?!?

After the "coup-coup-ca-CHEW" in Kiev, which replaced Yanukovych with Poroshenko, Crimean officials understood that there was no legitimate government in Ukraine. The then held a free and fair referendum, asking their people if they wanted to stay with Ukraine, post-coup, or petition the Russian government to become a member of the Russian Federation. they overwhelmingly voted to petition the Russian government to become part of the Russian Federation:

Crimea applies to be part of Russian Federation after vote to leave Ukraine

THERE WAS ABSOLUTELY NO ANNEXATION OF CRIMEA WHATSOEVER, FOLKS!!

But you see, these well-documented facts do NOT support the demonization against Russia, leading ultimately toward a war against it; so Reuters just continues to lie about the facts of the matter, because the demonization is engineered to support the agenda of a war against Russia.

You can't lie to thinking Americans any more, Reuters; that is just not going to work. And whatever it is that the Occupied, Unhinged, Surveilled States of Amerika are paying you, it cannot be enough!!

And if you think I'm "over-reacting" on this, please read the following article By Dr. Paul Craig Roberts about the ultimate American intensions of wars with Russia and China:

Washington plans to nuke Russia and China

This guy is about as sobering as a heart attack, with impeccible credentials, and a strong, analytic way of pulling information together.

Oct 14 09:20

The Deep State’s Bogus ‘Iranian Threat’

Thursday we identified a permanent fiscal crisis as one of the quadruple witching forces arising in October 2017 which will shatter the global financial bubble. Today the Donald is on the cusp of making the crisis dramatically worse by decertifying the Iranian nuke deal, thereby reinforcing another false narrative that enables the $1 trillion Warfare State to continue bleeding the nation’s fiscal solvency.

In a word, the whole notion that Iran is a national security threat and state sponsor of terrorism is just as bogus as the Russian meddling story or the claim that the chain of events resulting from the coup d’ etat fostered by Washington on the streets of Kiev in February 2014 is evidence of Russian expansionism and aggression.

Likewise, it’s part of the same tissue of lies which led to Washington’s massive, destructive and counterproductive interventions in Syria and Libya – when neither regime posed an iota of threat to the safety and security of the American homeland.

Webmaster's Commentary: 

False narratives are those engineered to favor the agendas of the Deep State, which are, these days, generally war-centric activities, in order to create regime changes; expropriate resources to which American companies, and their international subsidiaries, have absolutely no moral right; and to insure those resources are only sold with American approval, and in American dollars; it is just that simple.

When Karl Marx made the observation that all wars are economic in origin, he was absolutely correct.

This nonsense that Iran poses any real "threat" to Americans is just that; nonsense, engineered to demonize the Iranian government and the Iranian people to the point where the US government believes the American people will be ready to fight in a war against it.

There is only one industrial strength problem here; the US government has lied the American people into numerous previous wars, and the American people understand this.

They are not war-ready, or war-centric; they are war weary, and war-sceptical.

They understand the concept of how false flags are used as a tool of American statescraft, to create wars, and this goes back to our current understanding of how the Japanese were "tricked" into bombing Pearl Harbor, to get this country into World War II by what FDR's administration had done.

Pearl Harbor: Hawaii was surprised: Roosevelt was Not

I have posted an earlier article today about totally some totally unconfirmed reports that Pyongyang was going to test another missile next week.

I am frankly hoping and praying that DC is not planning to have Oahu play the part of the "sacrificial lamb" again by way of a false flag aimed at this island, to be blamed on North Korea, as the "justification" for an all-out attack against it.

Oct 14 08:28

‘Iran deal not a bargaining chip’: Trump proved US can break agreements at any time, Moscow says

Trump's toadying for Israel has just ended what little credibility DC had left. The slide into oblivion for dc has begun.

The Russian Foreign Ministry has condemned Donald Trump’s refusal to adhere to the 2015 nuclear agreement with Iran, saying that the move poses a threat to international security and nuclear non-proliferation, and exposes the US as an unreliable partner.

Oct 14 08:28

‘Iran deal not a bargaining chip’: Trump proved US can break agreements at any time, Moscow says

Trump's toadying for Israel has just ended what little credibility DC had left. The slide into oblivion for dc has begun.

The Russian Foreign Ministry has condemned Donald Trump’s refusal to adhere to the 2015 nuclear agreement with Iran, saying that the move poses a threat to international security and nuclear non-proliferation, and exposes the US as an unreliable partner.

Oct 14 06:39

Jim Rickards: Four major catalysts for gold

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