ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jan 20 09:27

China And Other Countries Are Dumping U.S. Reserves At An Accelerated Pace

As of right now the BREXIT is moving forward.

Jan 20 09:11

California Governor Jerry Brown Admits To $1.5 Billion "Math Error" In State Budget

Embarrassingly, when asked about the "mistakes" that resulted in a $1.6 billion budget deficit, the Chief Deputy Director of Brown's Department of Finance could offer no other explanation than that the "math was wrong" while another spokesman admitted, “There’s no other way to describe this other than a straight up error in accounting, which we deeply regret."

Jan 20 08:58

Here’s a $9 Trillion Question

Federal Inspector General, Elizabeth Coleman Won't Explain where the 9 Trillion Dollars is!

Webmaster's Commentary: 

That works out to about $30,000 for every living man, woman, and child in the United States ..... plus accruing interest!

Jan 20 08:49

Minnesota health insurance premium relief for 120,000 passed by House

Minnesota’s top leaders seem on the brink of a deal to bring health insurance premium relief to as many as 120,000 Minnesotans.

This doesn’t mean a deal will actually get done. More than once in recent months, Democratic-Farmer-Labor Gov. Mark Dayton and legislative leaders have been close to a compromise only for everything to fall apart. And despite signs of compromise, several major divisive issues remain.

Jan 20 08:24

IBM POSTS 19TH CONSECUTIVE REVENUE DROP

Jan 20 08:01

Major Markets at Turning Points

Jan 20 07:29

Sjuggerud: The surprising fall in interest rates is here

It’s already happening.

And it came faster than I expected.

Jan 20 05:37

25 Years of Neocon-Neoliberalism: Great for the Top 5%, A Disaster for Everyone Else

It cannot be merely coincidental that the incomes and wealth of the top 5% have pulled away from the stagnating 95% in the 25 years dominated by neocon-neoliberalism.

Jan 19 16:55

GOLDMAN MAY CUT LONDON STAFF BY 50%

Jan 19 16:31

Dow industrials post 5th straight decline

Stocks ended slightly lower on Wall Street, pushing the Dow Jones industrial average to its fifth loss in a row.

Jan 19 15:59

ANOTHER MAJOR US RETAILER CLOSING STORES…

Jan 19 15:00

Sports Authority execs win fight to collect bonuses after bankruptcy

Identities of execs collecting $1.5 million remain secret

Jan 19 14:41

China’s Holdings of US Treasuries Plunge at Historic Pace

A toxic trifecta for bondholders.

Jan 19 14:03

The Elite In Davos Have Just Proposed Something Unbelievable To Take Back Control

Lowe's begins to layoff employees, it starts with 2400. Target holiday season was terrible.Macy's might be closing another 100 stores. Tiffany blames Trump for decline in sales.

Jan 19 13:28

Wealth Distribution In The United States And The Politics Of The Pseudo-Left

A report published in December by University of California at Berkeley economists Thomas Piketty, Emmanuel Saez and Gabriel Zucman reveals unprecedented levels of social inequality in the United States.

Jan 19 13:26

Chinese Equity Rally Getting Dicey?

Jan 19 13:05

Will Global Economy Shatter If China Collapses

The Chinese made a foray to the world economy with low-priced production and mass manufacturing bias.

Jan 19 12:38

Health Care Repeal Is A Stealth Tax Break For Millionaires

Great magicians are masters of diversion. They attract our attention with one hand while using the other to trick us into thinking a supernatural act is taking place.

But even the best street performers could learn a lesson from the folks in Congress who are trying to repeal the Affordable Care Act, also known as Obamacare.

Jan 19 11:09

Foreign Central Banks Liquidate Record $405 Billion In US Treasuries As China Sells Most US Paper Since 2011

The wholesale liquidation of US Treasuries continued in November, when according to the just released TIC data, foreign central banks sold another $936 million in US paper in November 2016, which due to an offset of $892 million in buying one year ago, means that for the 12 month period ended November, foreign central banks have now sold a new all time high of $405 million in the past 12 months, up from a record $403 million in LTM sales as of one month ago.

Jan 19 11:04

TRUMP TEAM PREPARES DRAMATIC SPENDING CUTS…

Jan 19 10:58

Will Donald Trump rein in US’s military’s overreach?

One of the most striking – though unreported – aspects of Donald Trump’s interview with The London Times and Bild-Zeitung is what Trump had to say about the state of the US military and of the US defence budget.

It is hardly a secret that the US has completely lost control of its defence spending, and as a businessman conscious of the importance of controlling costs, Trump has homed in on this. His immediate target has been the troubled F-35 fighter bomber programme – about which he has tweeted repeatedly – whose costs have spiralled out of control, and whose capabilities are questioned by many experts.

Webmaster's Commentary: 

Jan 19 10:41

Empty Shelves & Madness (In America): A Minor Winter Storm Drove People Into "Panic Buying Of Food And Basics"

If this type of panic buying, which can empty the shelves of a major box retailer like Wal-Mart in just a few hours, is so common place even in the event of a minor, predictable weather event, then what will happen when a serious crisis like a severe economic crash or an escalation of global conflict breaks out?

Jan 19 10:30

Nomi Prins: Financial Crash From Epic Debt, Asset Bubbles “Possible In Last Quarter 2017”

Former Wall Street banker and best selling critic of the financial system Nomi Prins sees the pattern unfolding, and fears the end of 2017 may be the time that everyone has been watching for.

“In 2016, I pegged the non-crash. . . . Central bankers were finding new ways to extend their money creation policies. That is what kept the markets up...

They have artificially stimulated so many different asset bubbles, whether it’s debt, which is epic, or stock markets, many of which are at historic highs. If we have a crash, it will be in the second half of 2017.

Read more at SHTF

Jan 19 10:16

Alibaba'a Jack Ma Drops a Redpill in Davos: The U.S. Wasted $14 Trillion on Wars Over the Past 30 Years

And there it is, the unvarnished, raw, truth about how everything went wrong for middle class America.

Since the Vietnam war, more than 45 years ago, the US has embarked on a neocon strategy of war in an effort to build a global empire. The result of that strategy has left American infrastructure second rate, its school system in shambles, and its healthcare system a complete and utter joke.

Just imagine what America could've done with $14t of investable dollars, instead of waging wars.

Aside from the wars, America spends more than 50% of its discretionary budget on the military, per annum, 16% of its overall budget.

Webmaster's Commentary: 

Ma is utterly, devastatingly correct in his assessment.

Jan 19 09:56

Gold prices could soar if Donald Trump says any one of these five things

Gold prices could extend their gains after Donald Trump's inauguration if he continues to make statements as president that prompt investors to enter safe havens.

Jan 19 09:27

Trump team prepares dramatic cuts

Staffers for the Trump transition team have been meeting with career staff at the White House ahead of Friday’s presidential inauguration to outline their plans for shrinking the federal bureaucracy, The Hill has learned.

The changes they propose are dramatic.

Jan 19 09:15

Top 3 Catalysts For US Economy Collapse

Amidst markets soaring high and the unemployment rates at 4.6%, there is ample fuel to the fire of an imminent economic crash in 2017.

Jan 18 20:39

Rand Paul: "The Dems Are Gonna Cry, Cry, Cry, They're Gonna Whine, Whine, Whine" (Video)

Rand Paul talks about repealing Obamacare and how he plans to deal with it. "..SOME of the penalties are going to be gotten rid of... It's kinda complicated... I think it's going to be done gradually,.. it's gonna gradually go away over a couple year period."

Jan 18 19:50

PITTSBURGH MALL SELLS FOR $100…

Jan 18 16:54

The Rich Striving To Adjust To Brexit & Trump World After Failing To Predict Both

The World Economic Forum in the Swiss town of Davos is into its second day, with delegates looking for ways to adapt to the challenges set in 2016.

Jan 18 15:55

What Catalyst Could Trigger Initial Selloff That Is Long Overdue?

While the stock markets thrive on uncertainty, investors are mostly unhappy with uncertain political and economic scenarios. As Trump presidency was confirmed, the world market went into an economic shock as Asian stocks fell.

Jan 18 15:29

REMINDER: Two More Months To Take Advantage Of California's Unpaid Traffic Ticket Amnesty

In 2015, Governor Brown signed into law a one-time amnesty program for unpaid traffic and non-traffic infraction tickets. The program began October 1, 2015 and ends on March 31, 2017. Some counties are even offering amnesty for misdemeanors. Any infraction may qualify for amnesty. Unpaid tickets and related 'failure to appear' violations with an initial payment due date on or before January 1, 2013, are eligible.

Jan 18 15:06

Global uprising — the time is now

The global elite are meeting this week in DAVOS for the annual World Economic Forum. Apparently, we, the citizens of the world, aren’t smart enough to determine our own economic future and the global elite have taken it upon themselves to meet annually in order to determine what is in our best interest.

Jan 18 13:55

THE LIMITED OFFICIALLY FILES FOR BANKRUPTCY

Jan 18 13:28

Momentum Traders Shift to Gold & Silver - SoT

Jan 18 13:17

DEUTSCHE BANK WARNS 20% JOB CUTS...

Jan 18 12:44

5 Reasons Why Trump Won’t Save American Jobs

A Trump presidency comes with its quirks. While Obama is busy gathering farewell messages, people believe that Trump might save American jobs, just like he did with Carrier Corporation.

Jan 18 11:52

56 Years Ago Today, Eisenhower Warned Americans Of "The Unwarranted Influence" Of The Deep State

In his farewell address to the nation 56 years ago, President Dwight D. Eisenhower warned the American people for the first time to keep a careful eye on what he called the "military-industrial complex" that had developed in the post-World War II years. Fiscally conservative Eisenhower had been concerned about the growing size and cost of the American defense establishment since he became president in 1953, and as History.com notes, in his last presidential address to the American people, he expressed those concerns in terms that shocked many of his listeners.

Jan 18 11:17

Is Trump's Strategy To Trap The Central Bank?

Walmart, GM, Ford and many other companies are preparing to bring back jobs and build factories under President Trump.

Jan 18 10:57

Trump VS May’s Statements: Dollar Is Getting Weaker With Pound Gaining More Ground

The greenback fell against the GBP and its other peers after Donald Trump told the Wall Street Journal its value is too high in part because China holds down its own currency.

Jan 18 10:38

American Small Businesses Party Like It's 2004

France reported last week that its summer hosting of Euro 2016, Europe’s soccer championships, added $1.26 billion to its economy.

This is good news, for sure, and worth celebrating.

Jan 18 10:37

Be prepared for a violent Fed reversal

The outlook for rates has taken what I call a U-turn.

Jan 18 10:09

Rogoff: An Elitist Who Has No Respect for the People

Kenneth Rogoff is a Professor of Public Policy and Economics at Harvard University.

Jan 18 09:55

The Looming Stagflation And Recession Risk; Can It Happen Again?

Stagflation happens when the economy experiences stagnant economic progress, high unemployment, and high inflation. It's a rare situation.

Jan 18 09:55

LOWE’S CUTS 2,400 FULL-TIME JOBS…

Jan 18 09:53

UK Decision To Quit EU Single Market Makes Scotland Independence Likelier: Sturgeon

The British government’s decision to leave the European Union’s single market would make Scotland’s independence likelier, says Scottish First Minister Nicola Sturgeon.

She made the remarks on Tuesday after a key speech by British Prime Minister Theresa May, who announced that Britain would leave the European Union’s single market as part of Brexit.

Jan 18 09:51

Storm clouds gather as hurricane Trump prepares to hit White House

Donald Trump has delivered a huge boost to Britain by promising a trade deal within weeks of taking office to help make Brexit a ‘great thing’.

The President-elect spoke in glowing terms of his ‘love’ for the UK and revealed he was inviting Theresa May to visit him ‘right after’ he gets into the White House.

He said that he wants a trade agreement between the two countries secured ‘very quickly’ – making a mockery of President Obama’s threat that, if the country voted for Brexit, we would be at the ‘back of the queue’.

The comments follow weeks of overtures to the Trump camp by Number Ten, including a visit by Mrs May’s joint chiefs of staff – and give her a huge boost ahead of her major Brexit speech tomorrow.

Jan 18 09:38

No wonder they wanted us to stay: EU braced for hardball talks as Brexit leaves £15BN hole

THE European Union (EU) is bracing itself for a “difficult negotiation” with Britain as Brexit is set to leave the bloc with a funding black hole of up to £15billion.

Jan 18 08:59

One Thing That Is Fuelling The Imminent Economic Crash Of 2017

America’s corporate debt has TRIPLED since 2008, from £1.5trillion ($2tn) to an eye-watering around £4.6tn ($6tn).

Jan 18 04:57

Nomi Prins-Financial Crash possible in Last Quarter of 2017, Gold Up & Dollar Down

Former top Wall Street banker and best-selling author Nomi Prins correctly predicted no financial crash for 2016. Prins’ upcoming book is titled “Artisans of Money.” It is all about central bank money creation.

Jan 17 17:49

Deutsche Bank to announce drastic bonus cuts with the focus on London and New York

According to reports the bank is set to inform employees it will cut their bonuses back by as much as 90 per cent as it continues to battle against a risky economic tide.

Deutsche Bank profits dropped by 98 per cent last July and its share price reached lows not seen since before 2002.

Now executives are set to make drastic cuts to the employee bonus payment scheme in a bid to steady the ship.

Jan 17 17:27

Rand Paul Explains His 'Complicated' Bill To Repeal & Replace Obamacare

Senator Rand Paul was finally asked directly on a local talk show today about the mandate and penalties regarding compulsory health insurance. But Paul, who I believed is well-intentioned on this matter and supports the free market, his answer left a lot to be desired, and was far from clear. Here is the full transcript & audio. Paul: "It gets rid of the mandate, so you would no longer to be forced to... (awkward pause) ..some of the penalties are going to be gotten rid of through the reconciliation. So there are two steps to this... It's kinda complicated." Paul also said that the Dems might not cooperate and it could be a several years-long process.

Jan 17 17:25

Vatterott fires president after he says he offered homeless student shelter in library from sub-zero temperatures

LIBERTY, Mo. -- He was only trying to be kind to a homeless man.

That, according to the former campus president of a Kansas City trade school, is what led to him being fired, while offering a homeless man shelter from cold weather.

Brian Carroll, campus president at Vatterott College in Kansas City for five years, says one of his students had no place to go. On Friday, January 6th, he allowed a student, who is homeless and schizophrenic, to sleep overnight in the school's library. The school fired him on Monday, January 9th, the next business day.
The recorded overnight temperatures outside Vatterott College on January 6th hit four degrees below zero. Carroll says that student had been sleeping in a wooded area near the school, but temperatures were too harsh that night, and the student had nowhere to seek warmth.

Jan 17 17:07

Bitcoin Exchange Coinbase Receives New York BitLicense

The New York State Department of Financial Services (NYDFS) has awarded cryptocurrency exchange Coinbase a formal license to do business in the state...

Jan 17 16:25

Trump Takes The Final Currency War Thermonuclear, Puts Gold Cartel On Notice!

It’s the rare day I wake up to see news so powerfully Precious Metal bullish – regarding its short and long-term implications – I can barely contain myself. The last such event was the BrExit – which set into motion the inevitable collapse of the European Union and Euro currency as we know it.

Jan 17 15:25

Bitcoin and Gold – Outlook and Safe Haven?

Bitcoin and Gold – Outlook, Volatility and Safe Haven Diversification

Jan 17 14:26

Theresa May Set To Confirm ‘Hard Brexit’ From Single Market In Major Speech

Prime Minister Theresa May will confirm the UK will leave the single market in a major speech on Tuesday.

Other priorities include removing Britain from the jurisdiction of EU courts and imposing controls on immigration.

Jan 17 13:50

Trump Will Boost Growth by 56% by 2018 Says IMF

With only 72 hours left to the Obama presidency, the IMF – International Monetary Fund – says it expects the U.S. economy to make a dramatic turnaround in 2017 thanks to the President Donald Trump economy.

Jan 17 13:12

One Incredible Indicator Shows The Economy Is Fast Approaching A Total Meltdown

We are not seeing a recovery in retail, what we are seeing is a redistribution and a decline in retail. NY real estate is declining rapidly, prices are falling and sales are declining.

Jan 17 13:12

Liberal Preppers Ready for Trumpocalypse: “Tired Of Being Seen As Wusses Who Won’t Survive SHTF”

What will Donald Trump’s presidency mean for liberty? Only time will tell... but the threat of martial law has once again become very real.

And in an interesting twist, this is creating a new drive in many worrisome liberals – to prep for the Trump administration:

Long a calling among conservatives spooked by big government boogymen and calamitous natural disasters, the so-called prepper movement is gaining a decisively liberal following.

“We’re tired of being perceived as wusses who won’t survive when shit hits the fan,” said Stacy, a Texas Democrat who recently caught the prepper bug. “I, for one, don’t like to be thought of as some precious snowflake.”

Read more at SHTF

Jan 17 12:05

How Trump Could Unwittingly Gut Boeing’s Global Business

Other US companies are equally vulnerable.

Jan 17 12:04

Merkel Says She Is Ready To "Fight A Generational Battle" With Trump To Preserve Liberal Democracy And Trade

Shortly after Germany retaliated to Trump's overnight press attack, when German economy minister Sigmar Gabriel said on Monday morning that Germans would gladly buy US automobiles if only America could "build better cars", and that - responding to Trump's criticism of Germany's "catastrophic" refugee policy - he said there "is a link between America’s flawed interventionist policy, especially the Iraq war, and the [European] refugee crisis", Merkel fired her own shot across the bow of Trump's proposed protectionism, when she told industry leaders late on Monday that she would remain committed to free trade, rebutting Trump's comments about a border taxes on car imports.

Jan 17 11:35

Rural Americans More Likely To Die Of Top 5 Killers – CDC

The leading causes of death in the US are even more deadly for those living in rural areas, according to a new report from the CDC. The “striking gap” with urban communities is partly due to the distribution of resources, the agency found.

Rural Americans experience “barriers to health care access” that can include “a lack of preventive and screening services, treatment of illnesses and timely urgent and emergency services,” the Centers for Disease Control and Prevention (CDC) said in its report, Reducing Potentially Excess Deaths from the Five Leading Causes of Death in the Rural United States, released Friday.

Jan 17 11:21

Trump's Offer Of Quick Post-Brexit Trade Deal Welcomed By Downing Street

In his very first interview with the British press, US President-elect Donald Trump revealed the UK has a “special place” in his heart and that he believes the country will flourish after Brexit.

Interviewed by former cabinet minister and staunch Brexiteer Michael Gove for the Times, Trump pledged to agree a trade deal with Britain as soon as it leaves the European Union.

Jan 17 10:45

Wealth Gap Delirium: Now That Just 8 Men Have More Wealth than the Bottom 50% of all Humans, The Masses Are Waking Up to Their Serfdom

If there’s one solid silver lining takeaway from all this, it’s that the masses are waking up to their serfdom.

“The implications of the global trust crisis are deep and wide-ranging,” said Richard Edelman, the firm’s president and CEO. “It began with the Great Recession of 2008, but like the second and third waves of a tsunami, globalization and technological change have further weakened people’s trust in global institutions. The consequence is virulent populism and nationalism as the mass population has taken control away from the elites.”

Jan 17 10:39

Moody's Caught Robbing the People Blind, Gets Fined and Allowed to Stay In Operation

Jan 17 10:38

The Investor fear gauge is predicting a wild ride for stocks in the month of February

VIX futures and options are frequently being applied by investors as a hedge against volatility. If stocks tumble, some of the losses incurred can be offset against the profits generated...

Jan 17 10:03

The Latest on What Trump Means for Sound Money

Donald Trump gets inaugurated Friday and Americans will start getting some glimpses of what his presidency actually means.

Jan 17 10:00

Trump, Kissinger and Ma playing on a crowded chessboard

Place your bets on who will be the major partner in the Trump, Kissinger and Ma law firm.

Kissinger has drafted a plan to officially recognize Crimea as part of Russia and lift the Obama administration’s economic sanctions.

The plan fits into Kissinger’s overall strategy — call it a traditional British Balance of Power, or Divide and Rule, approach — of breaking up the Eurasian front (Russia-China-Iran) that constitutes the real “threat” to what Mattis defines as the “established world order.”

Jan 17 09:56

Investors are bracing for a massive stock-market selloff

If options traders are correct, stocks are in for a wild ride in February.

Demand for one-month call options tied to the CBOE Volatility Index, a popular gauge of stock-market volatility, has spiked in the past week. The increased demand suggests that some investors are bracing for selloff following the inauguration of President-elect Donald Trump.

Jan 17 09:47

Hyundai aims for U.S. investment boost under Trump

Boosts U.S. Investment to $3.1 Billion After Trump’s Threats

Jan 16 21:14

General Motors will 'announce a $1bn investment in US factories and 1,000 more jobs' following Trump's criticism of Mexico imports

General Motors is set to announce a massive billion-dollar boost to investment in the US that will create more than 1,000 new jobs.

The car giant is gearing up to pump $1 billion into several factories across the country, the Wall Street Journal reports.

Company insiders told the newspaper the move is designed to reaffirm its commitment to manufacturing in the US, and that an official announcement could come as early as Tuesday.

Jan 16 18:56

Stock Market Genius Bob Kudla Gives Market Predictions For 2017 (Video)

How should people know they cannot trust the U.S. mainstream media when it comes to giving accurate information about the dire state of the U.S. economy? For starters, look at how dishonest the media was while covering the U.S. presidential election, and everything having to do with politics since.

Next, consider the fact that one of nation’s highest end retailers, Nordstrom’s, sold out nationally this past Christmas on one of their red hot new items: An $85 Pet Rock that came with matching leather pants. Americans were so clueless about the actual state of the economy, they caused a national retailer to sell out of “pet rocks.” Is there any better way to demonstrate a total lack of valuable information?

Jan 16 18:18

VENEZUELA ECONOMIC COLLAPSE - President Blames Oil Price For Currency & Economy Collapse

Venezuela lopped off three zeros when it replaced its old currency in January 2008. The arrival of new banknotes on December 18 shows the government is committed to putting those zeros back on.

Jan 16 16:53

Tremendous Inequality: 8 Men are as Rich as Half the World's Population

It is a well-known fact that the gap between those super-rich individuals and the poorest people is incredibly deep. According to the analysis by Oxfam eight men, from Bill Gates to Michael Bloomberg, owning as much wealth as 3.6 billion people.

Jan 16 16:48

Let’s Not Forget—Martin Luther King Jr. Was Preaching Economic Justice, Too

“Martin Luther King Jr. Day is not only for celebration and remembrance, education and tribute, but above all a day of service,” wrote King’s widow, Coretta Scott King.

In Atlanta, where King pastored, volunteers will hand out energy-efficient light bulbs in low-income communities. In Chicago, where King lived briefly to draw attention to segregated housing, volunteers will package food for needy elderly residents and give coats to the homeless.

Jan 16 16:27

Portugal is struggling to escape from its economic woes

Late on Friday (at least for those of us mere mortals who do not get the 24 hour warning) came the news that the ratings agency DBRS had reduced Italy to a BBB rating.

Jan 16 15:19

We Are Witnessing Perhaps The Greatest Post-election Stock Market Rally In Wall Street History. Are We in For a Stock Market Crash?

Will the financial bubble that has been rapidly growing ever since Donald Trump won the election suddenly be exploded once he takes office? Could it be possible that we are being set up for a horrible financial crash that he will ultimately be blamed for?

Jan 16 14:35

Report Reveals, For The First Time, Extent Of Wealth Inequality In Australia

A highly significant report, released last year, has made available, for the first time, official data that provides a detailed picture of the true extent of wealth inequality in Australia. Contrary to the long-cultivated myth of Australian egalitarianism, the data points to a widening wealth gap, making it one of the most unequal industrialised countries in the world.

Jan 16 14:13

Qatar’s backtracking on labour rights and its cooperation with Russia reflect new world order

James Dorsey argues that the rise of populists in the US and Europe and Russia’s renewed assertiveness on the world stage have emboldened Qatar to backtrack on migrant workers’ rights and encouraged it to forge ties with Russia.

Jan 16 13:47

flashback: Guccifer 2.0 -- Clinton DNC Leaks Reveals DONOR LIST

Big donors were awarded federal positions after their donations!
GET YOUR HOT FILES HERE

DNC + ISIS / Truckload of Dem Dirt --> http://12160.info/page/dnclinkssept142016

-->MORE! http://12160.info/page/guccifer-2-0-more-dnc-leaked-doc

Jan 16 13:05

Food Stamp Recipients Can Do WHAT Now?!?!?! (Video)

Stop the madness! Please! No more Obama social experiments! No more Obama experiments of any kind! The absolute last thing the Food-stamp program needs, already known to be an out-of-control, and plagued with fraud government program, is an even more inviting opportunity for more fraud and more abuse.

The article below from Judicial Watch says the new Obama administration’s initiative to allow Food-stamp recipients to use their taxpayer-funded benefit to order online from retailers like Amazon aims to “facilitate the shopping experience for rural and urban residents.” NO! It’s time the people who are funding the out-of-control, fraud laden, Food-stamp program aim to “facilitate the WORKING experience for rural and urban residents,” something Obama and his administration’s policies have been abject failures at achieving.

Jan 16 12:26

Man Outright Screams the Truth about the US Debt System

I think this guy just had enough of the bullshit and everyone dancing around the real problem in this country. The Banking System. I think Trump should invite this guy to the white house and do some brain storming.

Jan 16 11:27

Humble pie for IMF as experts RAISE UK growth forecasts as Britain SMASHED doom prediction

The fund conceded demand in the UK held up "better than expected" after the Brexit vote, putting year on year growth at two per cent in 2016 - the highest in the G7, coming in above the United States' 1.6 per cent.

Economic expansion has also been reforecast UP for 2017 in the Washington-based fund's latest World Economic Outlook (WEO) report.

The UK economy is set to grow by 1.5 per cent this year, according to the fund.

In October the IMF predicted growth of 1.1 per cent.

Jan 16 10:50

These “8 Men” Own as Much as Poorest Half of the World, Oxfam Reports as Global Elite Hobnobs in Davos

Even in “rich countries,” more and more people “are no longer willing to tolerate the status quo.”

Jan 16 10:23

GLOBALISTS TO HOLD EMERGENCY MEETING IN WASHINGTON DC ON TRUMP

Matthew Boyle reports for Breitbart: The World Economic Forum’s annual gathering of globalist political, financial and cultural elitists is underway in Davos, Switzerland, but the organization’s founder is planning an emergency Washington, D.C., meeting in 2017 for worried elites worldwide to discuss how to deal with President-elect Donald J. Trump.
“The World Economic Forum is listening to Donald Trump,” Bloomberg’s Stephen Morris and Erik Schatzker wrote on Sunday. “The organization will convene a special meeting in Washington this year to discuss issues raised during the president-elect’s campaign and the populist wave that swept him to victory, WEF founder Klaus Schwab told Bloomberg Television on Sunday. The gathering will explore U.S. investment and job-creation opportunities for companies that participate in the forum, he said.”

Webmaster's Commentary: 

The fundamental, fatal problem with globalism, is that it only works effectively for people at the very top of the food chain, and not for ordinary working people; and if the "answers" this forum may provide are only about further suppressing the people at the bottom of the food chain, while enhancing the lives of those at the top, this will be completely unacceptable to ordinary citizens.

And I have a message for all the "Davosites"; the anger of those whose lives have been nearly economically crushed and destroyed through the practices of offshoring and outsourcing labor to the cheapest labor pool possible, is palpable.

If your "answers" do not include enhancing the earning capabilities of these people, they are completely useless, and globalism will be, legitimately, seen as "the enemy".

Jan 16 09:12

Big Banks Cutting Tens Of Thousands Of Jobs; Huge Implications

Money center banks — which over the past few decades have grown into the biggest financial entities the world has ever seen — appear to have hit a wall, and are now shedding tens of thousands of workers.

Jan 16 08:36

Russian Foreign Ministry: “Obama Still Has A Few Days Left To Destroy The World”

There is a reason Vladimir Putin and the Russian top political echelon has been avoiding the media following the onslaught of allegations lobbed at the Kremlin, and Trump

Jan 16 07:36

Brexit Flip-Flop: Bank Of England Head Says Exit Will Hit EU Harder Than UK

The head of the Bank of England, Mark Carney, appears to have switched his stance on Brexit.

Jan 16 07:32

The "Most Bearish Hedge Fund" Capitulates: "We Are Beginning To Close Parts Of Our Short Book"

One month ago we reported that having successfully avoided a calamity for most of 2016 despite being massively net short, somewhere to the tune of around -90%, at times rising as high as -105%, Horseman Globa, finally had a bad month. In fact, losing -12.80% in November the hedge fund which we previously dubbed "the world's most bearish hedge fund" due to its staggering net bearish bias, had just suffered its worst month in history as "the short book, the bond book and the forex book lost money."

And, with just one month left in the year, we wondered if Horseman, which was down over 16% in the first 11 months, would also have it worst year ever, outpacing the -24.7% return in 2009. We now have the answer, and it's no... but just barely. After a 7.81% drop in December, Horseman Global has closed the books on 2016 with a 24.03% net loss, its second worst in history.

Jan 16 07:13

Tech moguls dominate Oxfam's rich people Hateful 8

Five of the world's eight fattest fat cats, whose collective wealth equals that of the world's 3.6 billion poorest people – according to a new report by Oxfam – are technology billionaires.

Leading the pack is the charity-committed Bill Gates, with $75bn he's honestly trying to get rid of. Carlos Slim Helú has a net worth of $50bn, while Bezos and Zuck have roughly $45bn each.

Larry Ellison is at the bottom of the pack, peering up at his betters with a mere $44bn in his pockets. Larry's take-home has been cut in recent years following difficulties at Oracle.

Considering that the world's population is slightly over seven billion, Oxfam suggests as much wealth is held by 3.6 billion, 51 per cent, as is held by eight people, less than 0.000000001 per cent of the world's population.

Jan 15 15:45

Climate change: The potential impacts of collective inaction

Graham Peebles explains the likely alarming outcome for life on earth even if the targets of the Paris climate change conference, which aimed to limit the increase in global average temperature to well below 2°C, were to be met.

Jan 15 15:10

From One Scam to Another: How Banks in Spain Intend to “Compensate” 1.4 Million Fleeced Homeowners

“Poisoned offers” to settle, backed by the government.

Jan 15 12:42

Surge in Consumer Confidence Turns to “Dismal” Retail Sales beyond Autos, Gasoline

Pundits sent back to the drawing board.

Jan 15 10:54

Class Society And Inequality: Debunking The Myth

Most indentured servants (who functioned as virtual slaves) were promised land on completing their term of servitude. However nearly all went on to lose their land to property speculators and rigged taxation schemes, becoming squatters on the outskirts of established settlements. Comprising at least half of the population of most colonies, they were used by colonial elites as a wedge to encroach on Native American lands – only to be driven off their farms once the land was cleared and planted.

Jan 15 10:14

PRECIOUS METALS INVESTORS: Are You Prepared For The Great Financial Enema?

While many Americans have been hornswoggled to believe President-elect Trump is going to make the United States great again, are you prepared for the greatest FINANCIAL ENEMA in history? Of course not. That is why we continue to see precious metals sentiment fall further into the cesspool.

Jan 15 09:35

Charles Nenner-2017 Prediction-Global War Cycle Coming into Danger Zone, Whole Bottom Will Fall Out

Renowned financial and geopolitical analyst Charles Nenner correctly predicted there would be no market crash in 2016. 2017 is going to be a very different story.

Jan 15 09:31

2017: Change Can Be A Bitch

2016 brought a lot of changes, or rather, brought them to light. In reality, the world has been changing for many years, but many prominent actors benefitted from the changes remaining hidden. Simply because their wealth and power and worldviews are better served that way.

It’s entirely unclear whether we will ever get a chance to see to what extent the efforts to hide developments have been successful, or even been perpetrated at all, because we don’t know to what extent truth and reality will be accessible in the future.

What we can say at this point in time is that the changes 2016 delivered were urgently needed. There are many people out there who just want to turn back the clock, and change everything back to how it was, but they can’t, and that’s a good thing, because the way things were was hurting too many people.

Jan 15 09:30

Lawmaker calls for action after human feces found at Honolulu war memorials

Some are calling a tribute to Hawaii's war dead an embarrassment to the state after a lawmaker found homeless people using Hawaii's Korean and Vietnam War Memorial as an open latrine.

Each name etched into the black granite wall represents a life lost in service to the United States.

Extending 100 feet, the Korean and Vietnam War Memorial is place of reflection for hundreds of Hawaii's families.

But lately many of the people who visit don't come to pay their respects.

"The homeless are nesting there and defecating there because it provides a degree of concealment," said state Rep. Bob McDermott, whose district includes Ewa Beach.

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