ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jul 28 16:02

Return Of The Slums: 31 People Found Living In Single-Family Home In London

A landlord was exposed and shamed online after his four-bedroom London property was found to be housing 31 people, including in a backyard wooden shack.

Jul 28 15:50

O2 sales dip 9% as tight-fisted Brits cling to their old handsets

Sales at O2 UK fell by 8.9 per cent to €3.46bn (£2.91bn) for the first half of the year, as customers opted to hang on to their old handsets rather than upgrade.

Jul 28 15:47

Will Theresa May’s Bespoke Brexit Package Wash With Brussels?

Prime Minister Theresa May has made clear she wants a bespoke Brexit package suited to the UK – a demand which could fall on deaf ears among notoriously inflexible EU officials.

Speaking alongside her Italian counterpart, Matteo Renzi, May said she has an “open mind” about upcoming Brexit negotiations and that Britain should not pick an agreement already “on the shelf.”

Jul 28 15:40

Homeownership Rate in the U.S. Drops to Lowest Since 1965

The U.S. homeownership rate fell to the lowest in more than 50 years as rising prices put buying out of reach for many renters. The share of Americans who own their homes was 62.9 percent in the second quarter, the lowest since 1965, according to a Census Bureau report Thursday. It was the second straight quarterly decrease, down from 63.5 percent in the previous three months.

Jul 28 15:16

Peter Schiff: Time Is Running Out, “Crisis Worse Than 2008 Coming”

Economic expert Peter Schiff speaks on not only the safe haven of gold, and what is at stake in the election, but just how dire the financial consequences will be when the great storm hits and batters everyone.

Jul 28 14:55

Brexit Fails To Contain Rising UK House Prices

House prices in Britain have continued to rise in the wake of the Brexit vote, a report says.

British house prices have risen at their fastest annual pace in four months in July at 5.2 percent, according to Nationwide, whose latest survey showed average prices edged up 0.5 percent from June alone.

Jul 28 14:30

California Audit Reveals Pension Debt Grew by 2,000%

Government accounting rules have forced a California audit that has revealed an increase in the “debt” it owes for pension liability by 2,000 percent this year. The state could nearly double the debt again next year when it is forced to account for unfunded retiree health benefits.

Jul 28 13:59

Shield Yourself From The Central Banksters

How much of your investment portfolio is in gold? Five percent? Ten percent? One contrarian investor believes that the yellow metal should control one-quarter of your portfolio.

Jul 28 12:18

FLASHBACK - BILL CLINTON LOOTED SOCIAL SECURITY TO CREATE HIS FEDERAL BUDGET SURPLUS

Well, the truth is...ah, shoot, well, we all know there's Washington's math problem. Alan Sloan in this past week's Newsweek says he spends 150%. What we've been doing, Mr. Chairman, in all reality, is taken a hundred billion out of the Social Security Trust Fund, transferring it over to the spending column, and spending it. Our friends to the left here are getting their tax cuts, we getting our spending increases, and hollering surplus, surplus, and balanced budget, and balanced budget plans when we continue to spend a hundred billion more than we take in.

Jul 28 11:52

The Most Dangerous Jobs in America

Police are 15th.

1 Logging workers 110.9 78
2 Fishers and related fishing workers 80.8 22
3 Aircraft pilots and flight engineers 64 82
4 Roofers 47.4 83
5 Refuse and recyclable material collectors 35.8 27

Jul 28 11:46

GESTAPO IN THE USA: FCC INTIMIDATES PRESS AND KILLS FREE SPEECH AT 5G ROLLOUT

In a public meeting at FCC headquarters on July 14, the agency which once served the people instead acted like tyrannical thugs, in an escalating series of remarkable events.

First, they prevented wireless science advocates from displaying a simple sign, violating their First Amendment rights in a public venue. Then, a security guard forcefully prevented a t-shirt from being taken out of a bag, by a former Congressional candidate with opposing views.

Next, a Bloomberg reporter had his credentials confiscated — almost unbelievably — for merely talking with the former Congressional candidate.

WHY IS THE FCC RESORTING TO GESTAPO-LIKE TACTICS OF SUPPRESSION AND OUTRIGHT INTIMIDATION?

Webmaster's Commentary: 

It's always "profits uber alles" for this country's government, at this state.

Jul 28 11:31

ALERT: Derivative BIG Bank Collapse?

Jul 28 11:02

There’s No Such Thing As A ‘Free Market’

The debates leading up to the election this year will no doubt invoke the “American value” of capitalism. But what, exactly, does that mean? And what should it mean?

I’m no economist, but I took a few economics courses while earning an undergraduate business degree. Growing up in a capitalist society, I thought I understood the basic concepts underlying capitalism — free markets, competitive advantage, and so forth.

Jul 28 11:00

DEMOCRATIC PARTY OFFICIAL PLATFORM IS PRO-FRACKING, PRO-MONSANTO, PRO-TPP, AND ANTI-GMO LABELING

Because of the diverse audience we attract, there are a lot of Natural News readers who are still supporting the Democrats. If you're one of those people, it's time for you to question what you're really supporting because you may not be aware that the democratic party openly supports fracking, Monsanto, vaccine mandates, chemical agriculture and the TPP. On top of that, they're mostly opposed to GMO labeling, too. Only Sen. Sanders really stood up to the biotech industry on that point, and now after the DNC email leaks, you know how the democrat establishment hosed Sanders with a vindictive smear campaign to destroy his chances of winning the nomination.

The truth is, the Democrat party is not a party of progressive ideas. Even the progressive news website Common Dreams has authored this piece blasting the DNC for its betrayals.

Webmaster's Commentary: 

By voting for Hillary Clinton this November, you will be voting for a criminal machine; a narcotopcracy; a Frankenstinian environment hater; a lover of war and the military industrial complex.

You will be voting for more wars, the re-introduction of the draft, and more offshored/outsourced jobs.

The "Clinton Cash" documentary has been bumped up to the top of the WRH website, so please do take a look.

Jul 28 10:51

DEUTSCHE BANK PROFIT PLUNGES 98 PERCENT AS THE OUTLOOK FOR “THE WORLD’S RISKIEST BANK” DARKENS

The biggest and most important bank in the biggest and most important country in Europe continues to implode right in front of our eyes. If you follow my work regularly, you probably already know that I issued a major alarm about Deutsche Bank last September. Subsequently, Deutsche Bank stock hit an all-time low. Then I sounded the alarm about Deutsche Bank again back in May, and once again that was followed by another all-time low for Deutsche Bank. And then I warned about Deutsche Bank again in early June, and you can probably imagine what happened after that. Over the past year, this German banking giant has literally been coming apart at the seams, and in so many ways it is paralleling exactly what happened to Lehman Brothers back in 2008.

Jul 28 09:57

NOBODY KNOWS WHO’S PAYING FOR THE PRIVATELY FUNDED DEMOCRATIC NATIONAL CONVENTION

Earlier this week, in my article titled, Hillary Clinton is in Deep Trouble – “Hordes of Wall Street Executives” Descend Upon Philly, I highlighted how all the Wall Street executives and lobbyists who avoided the RNC were excitedly flooding into the Democratic Convention. Here’s an excerpt:

Lobbyists are being welcomed back into the fold of the Democratic Party as the Obama era draws to a close.

Presumptive Democratic nominee Hillary Clinton has accepted more than $9 million in bundled donations from registered lobbyists, while the DNC has rolled back the lobbyist bans that Obama put into place.

“In 2008 and 2012, there was no integration with the [Obama] campaign,” said Al Mottur, a senior Democratic lobbyist at Brownstein Hyatt Farber Schreck, adding that he would have liked to have helped. “Now, the campaign is welcoming — they’re open to us. That’s why I’ve done as much work for her as I’ve done on her behalf.”

Webmaster's Commentary: 

Of course, lobbyists are flocking to the Clinton campaign; she's openly for sale, and will take anyone's money.

Speaking of which, there is a very "interesting" correlation in the funds the Clinton Foundation openly accepted from various North African and Middle Eastern countries. As reported at breitbart.com on 14 June of this year:

Hillary Clinton Took Millions from Anti-LGBT Countries That Jail and Execute Gays

In her response to the Islamic terror attack in Orlando, Hillary Clinton called on the governments of Saudi Arabia, Qatar, and Kuwait to stop allowing their citizens to fund terrorists and to “stop supporting radical schools and mosques.” However, she failed to mention that the Clinton Foundation has spent years accepting millions in donations from countries that throw homosexuals in prison, fine them, sentence them to hard labor, and even execute them for the “crime” of being gay.

But trust me, there's a lot more ugly with these countries from which she took this money.

So what else do the countries of Algeria, the Sultanate of Brunei, Kuwait, the Sultanate of Oman, Qatar, Saudi Arabia, and the UAE all have in common, in the 21st century?!?

The all still permit the barbaric practice of female genital mutilation.

Countries which still permit female genital mutilation

The correlation is nothing less than completely staggering.

So I have an ethics question to ask of the Clinton campaign; how in the name of heaven, as a person who is allegedly pro-woman, and pro-lgbtq, could Hillary Clinton knowingly take money from countries which fine, imprison, torture, and slaughter members of the lgbtq community, and permit female genital mutilation?!?

Hey, DNC: I'm waiting.....and your silence is thoroughly deafening.

Jul 28 09:42

Get Ready For America’s New $29 Trillion Debt

Jul 28 09:35

Amazon Delivery Drones Are Just The First Step To A Highway In The Sky

By Andy Miah, University of Salford

Amazon recently announced plans to test a drone delivery system in parts of the UK that are hard to access with conventional delivery methods. While much attention has focused on the service it would provide to Amazon customers, the really interesting story is what this agreement with the British government tries to achieve on a much broader level.

If successful, it will essentially create a high-altitude floating highway between 200 and 400 feet above the ground, within which a whole range of activities could be performed...

Jul 28 09:32

FORD PLUNGES AFTER WARNING "WE DON'T SEE GROWTH", WARNS US AUTO INDUSTRY "HAS PLATEAUED"

The reason Ford stock is plunging this morning is not so much the company's earnings miss, when the US auto giant reported Q2 EPS of $0.52, below the $0.60 expected, but because in some startling language, CEO Mark Fields laid out a very gloomy picture of the future.

As the company reported in its press release, it told investors to "expect another strong year of results, and Ford committed to full year guidance of company pretax profit and operating margin equal to or better than last year; however, company now sees risks challenging achieving guidance. Entire Ford team working to mitigate the risks."

A key part of the problem is one shown here repeatedly over the past year, namely the troubling increase in auto inventories, which are now at 5 year highs, and the inventory to sales ratio back to levels seen during the last recession.

Webmaster's Commentary: 

I don't know about where you live, but here in Hawaii, auto companies are leasing cars at absolute giveaway prices.

But people here are hanging on to their vehicles the best they can, because they absolutely don't have the money to get a newer car, and are afraid they can't make the lease payments, no matter how reasonable those may be.

And as a sign of how bad the times are, on several local radio stations, there's an ad for a dealer offering "repoed" (repossessed)vehicles at substantially lowered prices.

Mike and I will look, shake our heads, and say, "They obviously cannot move product, to have lease prices THIS low."

Jul 28 08:47

Yield Curveball - Mike Maloney

Jul 28 08:46

Restaurant Recession Could Signal Tough Times for U.S. Economy

Analysts are forecasting a "restaurant recession" in the U.S., which is bad news for America's food and drink establishments and potentially even worse news for the economy at large.

Paul Westra, a senior research analyst at Stifel Financial Corp., said in a research note Tuesday that he'd turned "decidedly bearish" on the restaurant industry, downgrading Stifel's stance on 11 different restaurant stocks, including Chipotle Mexican Grill, Panera Bread and Cheesecake Factory.

Jul 28 07:50

Panama Papers: Offshore Firm Helped Billionaires Plunder Africa

Mossack Fonseca, the offshore law firm at the heart of the Panama Papers leak, helped politicians, their families and businessmen rob Africa of billions of dollars, according to a new investigation.

The International Consortium of Investigative Journalists, which published the leak along with dozens of international media, found that 44 of 54 African countries have a total of at least 37 mining, oil and mineral companies connected to offshore accounts.

Their research, published Sunday, focuses on a case in Algeria, where Farid Bedjaoui, nephew of a former Algerian foreign minister, arranged US$275 million in bribes through offshore companies to award US$10 billion oil contracts.

Jul 28 07:23

FBI ARRESTS HSBC BANKERS, BUT LEAVES YOU TO CONNECT THE DOTS

Every now and then one just has to stop and admire the banksters; for duplicity, subtlety, and a tapestry of relationships that leaves one wondering just how deep the corruption goes, for a tangle of political corruption that perhaps only divine omniscience and ubiquity could sort out, they are unparalleled. What am I talking about? Well, this one may leave you scratching your head, as it did me, and I am tempted to file this one under the "you tell me" category: the FBI, apparently, has arrested two senior managers at HSBC(Hong Kong and Shanghai Banking Corporation):

Webmaster's Commentary: 

Here are some of the dots...

Jul 28 06:54

Another Madoff? This Time It’s Platinum

With all the attention on the political conventions, random terror attacks and the upcoming Olympics (where we Americans may have finally defeated the Russians without the inconveniences of competing in sports), Wall Street’s latest billion dollar fraud has gone little noticed.

Jul 27 18:36

Is Europe Doomed By Vassalage To Washington? — Paul Craig Roberts

World War II resulted in Europe being conquered, not by Berlin but by Washington.

The conquest was certain but not all at once. Washington’s conquest of Europe resulted from the Marshall Plan, from fears of Stalin’s Red Army that caused Europe to rely on Washington’s protection and to subordinate Europe’s militaries to Washington in NATO, from the replacement of the British pound as world reserve currency with the US dollar, and from the long process of the subordination of the sovereignty of individual European countries to the European Union, a CIA initiative implemented by Washington in order to control all of Europe by controlling only one unaccountable government.

With few exceptions, principally the UK, membership in the EU also meant loss of financial independence. As only the European Central Bank, an EU institution, can create euros, those countries so foolish as to accept the euro as their currency no longer have the power to create their own money in order to finance budget deficits.

Jul 27 12:42

Keep It Coming: China Looks to Russia to Supply its Gold Rush

Though it is the world's biggest producer, China cannot keep up with its demand for gold, and Russian representatives at this week's China Gold Congress & Expo in Beijing are keen to strike deals to supply the Chinese market.

Jul 27 12:41

Leaked Clinton Emails Reveal Continued Efforts to Sabotage Venezuela

Despite her public appeals for friendship, a series of leaked emails show that during her time as Secretary of State, Hilary Clinton, has continued to promote subversion against the Latin American country behind closed doors.

Jul 27 11:43

Bill Clinton ‘Unaware’ Brother-In-Law on Board of Haitian Gold Mine that Landed Rare Permit

New reporting by the Washington Post finds a gold mine in Haiti. Or, at least, confirms previous reporting from Breitbart News about a gold mining contract in that troubled country.

In an expose about the controversial Bill, Hillary & Chelsea Clinton Foundation, the newspaper’s Kevin Sullivan and Rosalind S. Helderman write that:

Controversy surrounding the Clintons only deepened with the recent revelation, contained in an upcoming book by Peter Schweizer, that Tony Rodham — Hillary Clinton’s younger brother — serves on the advisory board of a U.S.-based company that in 2012 won one of Haiti’s first two gold-mining permits in 50 years. After objection from the Haitian senate, the permits have been placed on hold.

Webmaster's Commentary: 

A coincidence, on the original issuing of those permits?!?

I think, NOT!!

Jul 27 11:40

“Two for the Price of One”: Democrats Nominate Clinton Crime Family for a Second Co-Presidency

Bill Clinton once bragged about electing him president meant getting “two for the price of one.”

Here we go again. Exposed electoral rigging along with unelected party insider super-delegates handed the Clinton crime family another chance for the nation’s highest office.

Will November electoral rigging assure it, letting both legally challenged Clintons lead America – perhaps into the abyss if occurs?

Sanders capped his sellout to everything he campaigned against, urging Hillary be nominated by acclamation. In disgust, over 500 of his delegates walked out.

He transformed himself into Hillary’s puppet, urging his followers to betray their principles – selling out to wealth and power like all the rest.

All-out activism against a corrupted system is crucial.

The alternative is a nation more unsafe and unfit to live in than ever, Wall Street and war-profiteers more greatly empowered, and the unthinkable risk of WW III.

Webmaster's Commentary: 

A Hillary Presidency will guarantee more wars; the return of the draft, for both our young men and young women; more offshoring/outsourcing of American jobs; more collapsed infrastructure; and far more criminal corruption of the US government.

Mike is absolutely correct when he mentions that a Trump victory has to be a landslide to prevent this, because of voter nullification, through vote machine rigging; and Hillary's people are expert at this (Just look at how Sanders got creamed in California, when he actually won the California primary!)

So this election has to go all the way, in the most peaceful, and legal way possible, to insure a Trump victory.

Jul 27 11:28

IMF and China Accelerate Creation of New Global Reserve Currency

So after the G20 meeting on July 25, the deputy director of the People’s Bank of China’s (PBOC) International Office Zhou Juan immediately countered the concern about a lack of market demand. He said an international development organization like the Asian Infrastructure and Investment Bank (AIIB) could issue SDR bonds in China as late as August, according to Chinese newspaper Caixin.

Zhu echoed both Ocampo and the IMF and said that “SDR-denominated bonds should be appealing to official investors at their preliminary stage because they can provide diversified investment products and reduce exchange rate and interest rate risks.”

Webmaster's Commentary: 

This could well undermine the petrodollar for good; is it no wonder that the US government is threatening war against China in the South China Seas to prevent a rise in the use of this financial instrument, as well as the rise of the gold-backed yuan, which is not convertible to US dollars?!?

Jul 27 10:50

Hillary Clinton: Class President of A Failed Generation

The baby boom generation which started with so much promise when it came of age in the 1960s has ended up a colossal failure. It has turned America into a bloody imperial hegemon aboard and a bankrupt Spy State at home where financialization and the 1% thrive, half the population lives off the state and real main street prosperity has virtually disappeared from the land.

Quite a deplorable legacy, that. And all the while Hillary has been our class president. God help the world if she becomes our nation’s President. She has betrayed all that was right about the baby boomers in the 1960s; and has embraced all the wrong they did during their subsequent years in power.

Jul 27 10:23

Ukraine’s finance minister says sees no reason to repay $3 bln debt to Russia

Ukraine sees no reason to repay its three billion U.S. dollar debt to Russia, Ukrainian Finance Minister Alexander Danilyuk said on Tuesday.

"I don’t see why Ukraine should repay this money," he said in an interview with the Espresso television channel.
"It was a political loan we were forced to take," he said, adding that another reason not to repay the debt is the developments around Crimea and Donbass.

In his words, Kiev will use these arguments in its litigation with Russia at London’s High Court.

The current Ukrainian authorities maintain that the loan was a kind of Moscow’s reward to former Ukrainian President Viktor Yanukovich for his refusal to sign the association agreement with the European Union. Back in February, Ukraine’s Foreign Minister Pavel Klimkin said his country’s position at the High Court in London will be that Ukraine’s debt to Russia was "a bribe both in terms of form and in terms of essence."

I

Webmaster's Commentary: 

If this lawsuit is successful, Ukraine has to find a way of paying the money back.

If they do not, credit to the country will get frozen.

If unsuccessful, Russia will find asymmetric economic ways of exacting pain from Ukraine that its leadership cannot yet even fathom, perhaps even enough to foment a counter-revolution which puts Ukraine back in Russia's geopolitical orbit.

Jul 27 09:45

??Deutsche Bank profits plummet 98%, CEO warns of further cuts

Germany’s biggest bank posted a net profit of €20 million in the second quarter of the year. This is down from €796 million in the same period in 2015.

Jul 27 09:21

'EU IS NOT HONEST' TURKEY THREATENS TO SEND 3MILLION MIGRANTS AS EU 'FAILS TO GIVE £2.5BN'

President Erdogan claimed the EU was not honest
Erdogan claimed Turkey had only received a fraction of the money promised to them for taking in migrants sent back from Greece - stating they were given just a third of the €3bn promised.

But the Commission has hit back, saying the leader's allegations were "not true" as the full sum had been sent over.

The deal, and the promised cash, allows Europe to send Middle East refugees who arrived in Greece back to Turkey in exchange for political and financial freedom.

But the Turkish leader estimated Turkey has spent some £9.12billion (€10.9 bn) to help refugees since the start of the five-year civil war in Syria.

Turkey has spent some £9.12billion to help refugees

He added: "Ask them, did you pay? But Turkey still hosts 3 million people.

"What would Europe do if we let these people go to Europe.

Webmaster's Commentary: 

The European economy is already teetering on fine edge right now.

Another flood of refugees would put it absolute over the edge, economically, and voters would demand regime change in every country which allowed more refugees in.

And unfortunately, no leader in Europe has the "male attributes" to demand that President Obama stop these wars of conquest, which are creating the refugee problem in the first place!

Jul 27 08:39

Moody’s Downgrades Alaska

Alaska’s credit rating was downgraded by Moody’s Investors Services, in the midst of its multi-billion-dollar deficit. Moody’s dropped the Last Frontier’s general obligation rating from Aa1 to Aa2.

Webmaster's Commentary: 

Another victim of that ill-conceived oil-price war against Russia!

Jul 27 08:12

LOL! Hillary Lied To Bernie Supporters About THIS Huge Issue – Trump Was RIGHT!

One of the biggest reasons Bernie Sanders supporters were not on board with Hillary Clinton being the Democrat nominee was because of her support for the controversial trade agreement known as TPP (Trans-Pacific Partnership).

During the campaign Hillary announced that she suddenly opposed the TPP, but many thought it was just politics and that once elected she would once again support it.

Turns out those fears are well-founded!

Jul 27 07:33

Central Banks In Lose-Lose Situation

Jul 27 07:23

The Ice Age Returneth

Jul 26 16:04

McDonald’s To Close 500 More Stores In 2016 As Consumers Adopt Healthier Habits

In 2015, McDonald’s closed 700 restaurants to save money. 2016 doesn’t seem to be faring much better for the fast food corporation… As you might remember, the corporation ended up closing 700 restaurants around the world in 2015 – 350 more than was initially planned. At the time, McDonald’s spokesperson Beca Hary…

Jul 26 15:23

A Fifth Of Parents Skip Meals So Kids Don’t Go Hungry During Summer Break

A fifth of parents go hungry during the day in order to ensure their children get enough food in the long summer school holiday, a survey by a leading poverty charity has found.

Jul 26 14:50

NZ Asians At Risk Of Exploitation – Study

Last week in New Zealand a report was released by the Families Commission that focused on how families from different ethnicities were faring.

Jul 26 14:33

Can Hyperinflation Really Happen?

Jul 26 13:59

Over $100,000: How Much Big Finance Rips You Off

We estimate that the financial system will impose an excess cost of as much as $22.7 trillion between 1990 and 2023, making finance in its current form a net drag on the American economy.

That is indeed a drag.

Jul 26 13:53

AHEAD: $100 Silver, $10,000 Gold | Bo Polny

Jul 26 12:21

Crude Oil Markets Smell a Rat

Jul 26 11:33

Reagan's Budget Director Explains Trump's Popularity

Ronald Reagan budget director explains why Donald Trump is so popular: Big Government's bias
***
Trump's appeal to racists and xenophobes is a sideshow aspect of his campaign, Stockman argues. It really is the economy that matters. Like Trump and democratic-socialist Bernie Sanders, Stockman says that for a wide swath of Americans, the U.S. government under both Republicans and Democrats over the past three decades has boosted wealthy "elites" at the expense of "Main Street."
***
Stockman, a strong proponent of supply-side economics during his time in politics, believes the so-called elites soon will be feeling the pain too.>>>

Jul 26 11:21

‘Clintonville’ Reflects True Horror of Poverty in US

Kensington is a community where poverty in certain sections exceeds 57 percent. The unemployment rate in Kensington averages 19.1 percent, a figure that is nearly five times the current national average. Kensington is also a community with high levels of drug addiction and numerous drug sale locations. Stein stopped at an intersection in Kensington known as one of Philadelphia’s top drug sale/use locations.

“Kensington is what too much of America looks like,” Stein said. “In America today most people either live in poverty or are near poverty. This must change! Government today works for the wealthy special interests and not in the interests of most people.”

Jul 26 10:57

In Signal to Military, Hillary Clinton Picks Senator Tim Kaine as Running Mate

In selecting Kaine, Clinton is making clear that she plans on running a right-wing, pro-war campaign targeted at winning over the military and sections of the Republican Party dissatisfied with Trump, and particularly with the Republican candidate’s attitude toward Russia. Clinton also wanted to repudiate any association with the issues of social inequality that motivated the widespread support for her main rival in the primaries, Vermont Senator Bernie Sanders.

Kaine is among the most hawkish figures among Senate Democrats. As governor of Virginia from 2006 to 2010, Kaine oversaw billions of dollars in cuts to the state budget. The state of Virginia is a major center for the military and defense industry, and is home to the Pentagon and the headquarters of the CIA.

Between 2009 and 2011, Kaine served as the head of the Democratic National Committee, the leadership body of the Democratic Party. He is close to Wall Street, having recently backed measures to deregulate banks.

Jul 26 09:58

$82 million in travel expenses! I can barely fill my gas tank...

Secret Service charges for Obama and his staff to attend the Conference cost taxpayers $1,324,171.60. Flight expenses cost $1,652,124.60, bringing the total expenditure for the conference to at least $2,976,296.20. To date, Obama’s known travel expenses total $82,606,703.13

Jul 26 08:53

These Feelings Won't Go Away

***
Despite all of the buzz about stocks breaking out to new all-time highs, the reality remains that stocks have effectively been stuck in a sideways trading channel for nearly two years. Sure, they have soared over the past week, but they are still only +3% above where they were in late 2014. Stocks as measured by the S&P 500 Index (NYSEARCA:SPY) have soared since 'Brexit' in late June, but they also soared even more impressively from their October 2014, September 2015 and February 2016 lows. Conversely, they also plunged notably from their September 2014, May 2015 and November 2015 highs. In short, it has been a wild ride to squeeze out three percentage points in price return over the past couple of years.

One of the forces that has accompanied these wild market swings has been similarly reactive words from the U.S. Federal Reserve>>>

Jul 26 08:25

EU KILLS OFF Spain's dream of high-speed trains and orders it to PAY BACK £117million

THE EU has ordered Spain to pay back €140million (£117million) in state aid it has already forked out on a high-speed train test centre.

Jul 26 08:00

The path to Fed-exit

I recently proposed that the liberty movement capitalize on Brexit with “Fed-exit”: a campaign to “secede” from the Federal Reserve. Fed-exit could be accomplished with a few simple policy changes.

Jul 26 07:28

Hillary Clinton Is In Deep Trouble: "Hordes Of Wall Street Executives" Descend Upon Philly

I believe Hillary Clinton lost the Presidency this past week. While the explosive DNC leaks will undoubtably have a long lasting effect, this post will barely reference the leaks. Rather, it will explain how recent decisions by the Hillary campaign played right into Trump’s hands by essentially waving a gigantic middle finger to the 73% of Americans who think the country is headed in the wrong direction.

What Hillary Clinton did in selecting Tim Kaine as VP was send a clear signal that not only is she the status quo candidate, she is proud of it. She didn’t just double down on being the establishment candidate, she tripled and quadrupled down. There is now no denying that Hillary Clinton is implicitly running on only two themes.

1. Trump is scary. I am not Trump.

2. Things aren’t really bad. I’ll continue along the path we’ve been on.

Webmaster's Commentary: 


Click for larger image

Feel free to copy and use this image.

Jul 26 07:25

Bank threatens charges as negative interest rates loom

Customers could be charged for depositing money in their accounts after one of Britain’s biggest banks took a step towards negative interest rates.

Hundreds of thousands of NatWest business customers have been warned that they could be made to pay a fee for having a credit balance. The announcement opens the way for a high street bank to introduce negative interest rates — with savers effectively penalised for depositing money — for the first time in Britain.

Webmaster's Commentary: 

Hence the push to ban cash, because otherwise people will empty their accounts and keep their money at home.

Jul 26 06:58

Why the US Government Refuses to Turn on Monsanto

Many have pondered how Monsanto managed to rise to such a powerful position with respect to its influence over the U.S. government, and I think journalist Abby Martin may have pin-pointed the source of this obnoxious loyalty in her recent video report, "America's Monster" (below).

In it, she details Monsanto's history as an American "war horse," which began with its involvement in the Manhattan Project and the creation of the atomic bomb. Monsanto's contributions to the U.S. war machine continued during the Vietnam War, when the company became a leading producer of Agent Orange.

These war contributions appear to have cemented a long-lasting and loyal relationship between the U.S. government and Monsanto that continues to this day, to the detriment of the American people.

Jul 26 06:55

Mama Monsanto (feeds America some fine Italian cooking right out of her own kitchen lab)

http://www.funnyordie.com/videos/3910cfabe8/mama-monsanto-and-genetically-modified-foods?_cc=__d___&_ccid=e00beb99-2c92-44fe-8b9d-3514f3a02a1f]

Jul 25 16:04

Savers fear negative interest rates as Natwest warns businesses might have to pay to hold cash

Natwest has become the first bank to warn business customers it may charge them negative interest rates on money held in current accounts.

In what is believed to be a UK first, the bank has signalled its intention to force account holders to either pay to hold money or move funds elsewhere.

Bend over and spread 'em!

Jul 25 14:38

America Needs An Old-Fashioned Depression

Describing what he called the “crack-up boom”, Ludwig von Mises, the great Austrian economist, said:

The boom cannot continue indefinitely. There are two alternatives. Either the banks continue the credit expansion without restriction and thus cause constantly mounting price increases and an ever-growing orgy of speculation – which, as in all other cases of unlimited inflation, ends in a “crack-up boom” and in a collapse of the money and credit system.

Jul 25 14:07

The path to Fed-Exit — Ron Paul

As long as the Federal Reserve is allowed to manipulate the value of money and support the welfare-warfare state, we will never have a truly free market or a free society. Therefore, all those who seek liberty, peace, and prosperity should join the effort for a Fed-exit.

Jul 25 13:59

Clinton Running Mate Tim Kaine Supported TPP, Offshore Drilling and Anti-Union, Right-to-Work Measures

As the Democratic National Convention begins in Philadelphia, tension is rising between supporters of Hillary Clinton and Bernie Sanders. The Democratic National Committee chair, Florida Congressmember Debbie Wasserman Schultz, resigned Sunday following WikiLeaks' release of nearly 20,000 emails revealing how the Democratic Party favored Hillary Clinton and worked behind the scenes to discredit and her rival, Senator Bernie Sanders. When Sanders speaks tonight at the Democratic convention, he is expected to praise the Democrats for agreeing to what he describes as the most progressive platform in Democratic Party history. But he lost a major battle with the platform when the Democratic National Committee defeated an amendment brought by his delegates to abolish superdelegates. We speak with Zaid Jilani of The Intercept, who reported on how the "DNC Votes to Keep Superdelegates, But Sets Some Conditions."

Jul 25 13:43

SIGN OF THE TIMES: RIOT CONTROL GEAR SALES ARE SOARING GLOBALLY

If you pay attention to the news at all, it probably seems like the world has been fraying at the edges lately. In South America, Brazil’s economy is crumbling and Venezuela is on the verge of collapse. In the United States, riots are expectedat political conventions. In Europe, the Brexit vote is threatening to tear apart the EU and the UK. And all over the world, people are becoming sick and tired of the status quo. In nearly every single country, people are losing their faith in major institutions and, in increasing numbers, they are losing their trust in the financial and political elitists who run those institutions.

Jul 25 12:35

Pokémon Go Is Using Your Children For Walking Ad Revenue: Petition

By Kevin Samson

The augmented reality resurrection of 1990s’ anime sensation Pokémon continues to set download records even as disturbing consequences of gameplay are exposed.

There is of course the standard tracking that any use of a smartphone will carry with it; but even by those egregious parameters, Pokémon Go takes an extra step toward fully integrating the user (and all of their contacts) into a literal matrix of mapping and surveillance...

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA