ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Feb 24 11:18

Iran and India Are a Match Made in Heaven, And US Threats Won't Stop Them

Don’t tell the Iran hawks in D.C., isolating Iran won’t work.

Iranian President Hassan Rouhani met with his Indian counterpart Narendra Modi last week and the two signed a multitude of agreements.

The most important of which is India’s leasing of part of the Iranian port of Chabahar on the Gulf of Oman. This deal further strengthens India’s ability to access central Asian markets while bypassing the Pakistani port at Gwadar, now under renovation by China as part of CPEC – China Pakistan Economic Corridor.

Feb 24 11:16

ECB accuses Trump of sending euro soaring to squeeze stock exchanges

Minutes from a policy meeting in January revealed the situation “required monitoring”, as it tries to ease an anti-euro uprising in Italy ahead of its crucial election next month.

The euro has been consistently rising against the dollar since Donald Trump became President, squeezing stock exchanges in Europe while Wall Street soars.

In its minutes, the ECB cited a joint pledge at the International Monetary Fund’s October meeting that all parties “will refrain from competitive devaluations, and will not target our exchange rates for competitive purposes”.

The minute could be seen as an accuse to US Treasury Secretary Steven Mnuchin, who hinted at the possibility of the end of the “strong dollar” policy in Davos last month.

Feb 24 11:07

LA Has Criminalized Poverty By Making It Illegal To Sleep In Cars And RVs

Raising rent prices and low wages have resulted in thousands of people across the city of Los Angeles becoming homeless, many of them now living in cars and RVs if they were able to keep it together that well.

According to the most recent counts by the KPCC, there are at least 7,000 people live in their cars in Los Angeles.

Many of these people still maintain jobs and try to live the most fulfilled lives that they can, but they are constantly facing problems from authorities.

It is such a common issue that many churches have opened up their parking lots to people living out of their cars. For example, the New Beginnings Counseling Center opened up their parking lot for a “Safe Parking program,” which was intended to provide a safe and welcome parking place for people living out of their cars. Unfortunately, under new legislation passed in Los Angeles, programs like this will be illegal, because sleeping in cars and RVs have been entirely outlawed.

Webmaster's Commentary: 

Sleep in city hall!

Feb 24 11:00

“I Haven’t Eaten Meat In 2 Months” – Venezuelan Oil Workers Are Collapsing From Hunger On The Job

Those who are unfamiliar with Venezuela’s unprecedented economic collapse might be surprised to learn that the country’s oil production has only slowed, even as the price of a barrel of crude has risen in most international markets.

Unsurprisingly (it’s Venezuela), there’s a macabre explanation for this phenomenon: The workers at PDVSA – Venezuela’s state-owned oil company, which once showered Venezuelans with oil wealth – are literally collapsing due to hunger and exhaustion as workers defy their government handlers and flee their jobs in their desperation as the value of their pay has been completely erased.

Bloomberg spoke with several workers in Venezuela’s oil industry about the harsh conditions they face on a daily basis.

Of course, oil workers aren’t the only ones suffering: The situation in Venezuela is getting so dire that ordinary Venezuelans are losing tons of body weight because of the food shortages. Many can no longer afford to buy meat.

Feb 24 10:49

US GROSS NATIONAL DEBT SPIKES $1 TRILLION IN LESS THAN 6 MONTHS

As of the latest reporting by the Treasury Department, the US gross national debt rose by $41.5 billion on Thursday, February 22, to a grand total of $20.8 trillion. Here’s the thing: On September 7, 2017, five-and-a-half months ago, just before Congress suspended the debt ceiling, the gross national debt stood at $19.8 trillion.

Feb 24 09:04

ARE WE ALREADY IN A BEAR MARKET?

Feb 23 18:21

Literal most valuable reason TO YOU for .01% arrests: Govt ‘invests’ tens of trillions for ‘pension funds’ worth ~$600,000 per US household while taxing you for 95% of pension costs, paying Wall Street ‘advisors’ twice the pensions’ net income!

*hyperlinks/videos live at source*

In fields of specialized knowledge, we aim to render an account that is plain and simple, yet does no violence to the difficulty of the subject, so that the uninformed reader can understand us while the expert cannot fault us. We try to keep in mind a saying attributed to Einstein—that everything must be made as simple as possible, but not one bit simpler. ~ A letter from the publisher, Time Magazine, 1962

I can lead your household to a million dollars, but I can’t make you take it, or even consider the data. But I will convey the message.

I can factually assert that I work with ~2,000 Advanced Placement Economics teachers through our discussion board, and that no colleague has ever challenged the factual accuracy of what I am about to explain and document.

Feb 23 13:01

Debt On Track To Destroy The American Middle Class

Economists report the household debt to be at its highest in decades. Yet, at the same time, we are being told that the economy is doing great. Does anyone see a serious contradiction?

In fact, the current economy only favors the wealthy owing to their flourishing financial assets such as stocks and bonds. Owing to the lack of real assets such as property and commodities, the middle and lower classes are becoming overwhelmed due to the serious consequences of the spending/debt cycle.

American consumers have a collective outstanding household debt of about $13.15 trillion of which nearly $1 trillion is the credit card debt alone, households are truly on a debt binge. These figures should be a wake-up call to all the Americans. The convulsive household debt has surpassed the bubble of 2008 and is still escalating. The economy may not be doing so great, after all.

Feb 23 12:19

What will Spiking Mortgage Rates, High Home Prices, & the New Tax Law Do to the Housing Market?

Surging home prices have primed the housing market for this.

Feb 23 12:07

Begging for bread: A Greek family under austerity

Like 20 percent of Greeks, Iliodoros and Ioanna Filios cannot find work in the country's austerity-ravaged economy.

Feb 23 11:54

Financial Chaos has Arrived

Feb 23 11:35

Walmart is putting even more robots in its stores

For the past three years, the company has been testing shelf-scanning robots in some stores in Arkansas, Pennsylvania and California. The machines, which move up and down aisles, look for out-of-stock items and products that are mislabeled or incorrectly priced. They then flag these issues to store workers.

On Thursday, Walmart (WMT) said it will expand the test to 50 stores. The bots are set to arrive in places like El Paso, Jacksonville and Fort Worth by the end of January.

The company has been careful to pitch the robots as machinery to help staffers, not replace them.

Feb 23 10:40

Dow Jones Tanks As Silver Market Price Bottoming

During the last 90 minutes of trading on Wednesday, the Dow Jones Index tanked by 400 points. Supposedly, the steep selloff had something to do with the release of the Fed minutes. However, today, the market has reversed once again and is up by 200 points. Unfortunately for mainstream investors, it doesn’t matter what the Fed or Wall Street have to say; the broader markets will continue to fall precipitously over the next few years.

Interestingly, as the indicators point to extreme leverage in the markets, the opposite is true for the silver price. In my newest YouTube video, I discuss the different fundamental market indicators for the Dow Jones Index, the oil, gold, and silver price. While the Dow Jones Index and oil price are closer to a top, the silver price is reaching a bottom.

Feb 23 10:05

Rising Interest Rates

Feb 23 09:31

THE ROTHSCHILD ORGAN AND OCTOPUTIN - PROJECTION OR ENVY?

At least 26% of the British Economist is owned by the Rothschild family. Lynn Forester de Rothschild and her spouse Evelyn de Rothschild are sitting on the board of the Economist Group. Is the publishing of the Putin squid by the Rothschild organ some kind of psychological projection? Or is it envy?

Feb 23 09:25

Hackers stole more Social Security numbers than credit card numbers last year - looting $16.8 billion

Hackers stole more Social Security numbers than credit card numbers last year despite efforts to tame rampant identity fraud, according to a report.

In 2017 the number of people affected by fraud in the US rose eight percent to 16.7 million, with hackers successfully swiping another 1.3 million victims and stealing $16.8 billion from accounts.

Javelin, the firm behind the new report, warned identity theft is happening more online and less in physical communal spaces.

Feb 23 07:24

America: The Future Looks Broke

Feb 22 13:27

As The Old Economic System Breaks Down, A New One Is Born From The Ashes

We are now seeing another glitch or something completely different in regards to the exchanges for cryptocurrency. This latest alleged glitch allowed traders to purchase 20 Trillion In Bitcoin for Free. Existing home sales crash along with mortgage applications.

Feb 22 12:36

The Calm Before The Inflationary Storm

Feb 22 11:33

Why do Billionaires Keep Buying US Newspapers despite their “Terrible Future,” as Buffett Said?

Buffett’s own newspaper conglomerate announced the 2nd round of layoffs in 10 months.

Feb 22 10:37

Lavrov: US admits envoys assigned to dissuade partners from doing business with RussiaMore:http://tass.com/politics/991111

Earlier, the US Department of State spokesperson said all of its diplomatic missions abroad were tasked with talking their host countries out of business contacts with Russia.

The US State Department has acknowledged that US ambassadors around the world have instructions to talk governments out of cooperation with Russia, Foreign Minister Sergey Lavrov said after negotiations with his Slovenian counterpart Karl Erjavec on Wednesday.

"Just yesterday the US State Department spokesperson proudly said in public that all American ambassadors in all countries of the world without exception have strict instructions: to go and demand every day that certain states do not cooperate with Russia," Lavrov said.

Webmaster's Commentary: 

Absoflippinglutely unbelievable, but perfectly predictable for a country (the US government, of course) which is girding up its geopolitical, propaganda, economic, and military loins for a war against Russia, which has done utterly nothing to deserve this kind of treatment.

The Russian government meddling in the last election?!? Complete codswallop, conjured up by a desperate DNC, which never believed Hillary wouldn't be elected by the American people.

Sorry, DNC; you threw your lot in with a candidate who had more baggage than does Kim Kardashian on a photo shoot!!

Annexing Crimea after the 2014 putsch, which the US government helped orchestrate, throwing Yanukovich under the proverbial bus and annointing Poroshenko as Ukrainian president, in an election more crooked than a dog's hind leg?!?? It was Crimea, holing two referendums post-putsch,
asking their people if they wanted to stay with Ukraine, or petition the Russian Federation to become a member. Crimeans voted overwhelmingly to petition the Russian Federation, and the Russian Federation accepted the petition.

THERE WAS NO ANNEXATION, PERIOD, END OF DISCUSSION.

Feb 22 10:09

20 Companies Profiting the Most From War

Feb 22 09:51

CARACAS GOING CRYPTO-CRAZY: VENEZUELA SET TO LAUNCH SECOND DIGITAL CURRENCY

After successfully launching the ‘petro,’ Venezuela is now on its way to becoming the world’s first country with two national cryptocurrencies, reports TV news network Globovision.

The channel quotes Venezuela’s President Nicolas Maduro, who made the announcement during his meeting with members of the party Patria Para Todos (PPT). The new virtual token, dubbed ‘petro oro’, will be backed by precious metals. The launch of the new cryptocurrency is scheduled for the next week.

“I do not want to rush things, but we have a surprise regarding the petro and the gold, which will have the same dimension as it has been related to oil, but it is the theme of next week,” the TV channel quotes the Venezuelan president as saying.

Earlier this week, the country launched the petro – the world’s first national digital currency, which is backed by the country’s energy reserves. At the pre-sale, the oil-backed cryptocurrency managed to raise $735 million.

Webmaster's Commentary: 

"Backed by precious metals, while the US dollar is backed by absolutely NOTHING?!?!? INVADE!!! - Official White House Souse

Feb 22 09:48

THE MILITARY WANTS GENETICALLY-MODIFIED SEA CREATURES TO SNITCH ON ENEMY SHIPS

The US military wants to enlist fish and other sea life to help it track enemy warships and submarines at sea. The Persistent Aquatic Living Sensors program could also modify existing species to make them better underwater spies, an effort that would face stiff opposition from environmental groups.

he Defense Advanced Research Projects Agency, the Pentagon’s blue-sky research and development wing, announced the PALS earlier this month. The program "will study natural and modified organisms to determine which ones could best support sensor systems that detect the movement of manned and unmanned underwater vehicles," DARPA stated on its website.

Webmaster's Commentary: 

DNA is the fundamental building block of life; tamper with that too intensely, and we may well find this planet uninhabitable.</strong>

Feb 21 14:46

HOW MUCH MONEY IS THE U.S. GOVERNMENT MAKING BY KEEPING CANNABIS ILLEGAL?

Marijuana has only been illegal for about 1% of its entire history. Unfortunately, it comprises the last 100 years or so and the American Government, along with many others around the world, continues to resist calls to remove cannabis from the list of controlled substances under the 1970 act.

Feb 21 13:24

Which States Are Growing Fastest?

Feb 21 12:27

Existing Home Sales Extend Plunge, Biggest Annual Drop Since 2014

After new- and existing-home sales tumbled in December, expectations were for a modest 0.5% rebound in January (despite plunging mortgage applications and soaring rates). But that did not happen as existing home sales tumbled 3.2% MoM to its lowest level since Aug 2016.

Feb 21 12:26

Fed President Sounds Panic Over Level Of US Debt

Nearly a decade after the US unleashed its biggest debt-issuance binge in history, doubling the US debt from $10 trillion to $20 trillion under president Obama, which was only made possible thanks to the Fed's monetization of $4 trillion in deficits (and debt issuance), the Fed is starting to get nervous about the (un)sustainability of the US debt.

The Federal Reserve should continue to raise U.S. interest rates this year in response to faster economic growth fueled by recent tax cuts as well as a stronger global economy, Dallas Federal Reserve Bank President Robert Kaplan said on Wednesday.

"I believe the Federal Reserve should be gradually and patiently raising the federal funds rate during 2018," Kaplan said in an essay updating his views on the economic and policy outlook.

Feb 21 11:39

A Hidden Volcano Of Debt

Feb 21 11:10

US Treasury Posts Gigantic $1.16 Trillion Shortfall in Fiscal 2017, Hilariously Points out “Where We Are Headed”

Just add tax cuts and ballooning expenditures. The media chose to silence the report to death.  

Feb 21 10:26

One of the more important charts of 2018.

Feb 21 10:05

The End of the Great Fraud Begins Here and Now

The institutionalized fraud we are all wrestling with started in earnest in 1933-34 when Franklin Delano Roosevelt arbitrarily allowed foreign powers to presume that all our Trade Names were instead US Foreign Situs Trusts, and subject to salvage for the debts of the bankrupt United States of America, Inc.

Let's pretend you are an American race horse called "Yankee Flyer" and some sharpies decide to pretend that you are a donkey called "Yankee Flyer" instead.

Now, these same con men are responsible for caring for a donkey named "Yankee Flyer" but that doesn't imply that they actually own the donkey or the horse, either, does it?

What FDR did was make a false claim of ownership by induced assumption of both the donkey and the horse. And all he was, was a stable boy.

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