ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Apr 17 10:21

Trump Accuses Russia, China of "Playing Currency Devaluation Game"

Since his election campaign in 2016, the US President Donald Trump has been scrutinizing US trade partners over their alleged dumping practices and calling for the renegotiation of trade agreements with many countries to tackle the loss of manufacturing jobs in the United States.

The US Head of the Government on his "Twitter" has made the statement that China and Russia allegedly play a role in the devaluation of currencies and this is "not acceptable."

Apr 17 09:43

EU threatens new sanctions against Syria but not Russia

European Union foreign ministers on Monday threatened new sanctions against Syria over its alleged chemical attacks, but held off from joining expected new punitive U.S. measures against Russia.

Apr 17 09:18

Lloyds Bank to cut over a thousand jobs as 49 branches are AXED

LLOYDS Banking Group, which runs Lloyds Bank, Halifax and Bank of Scotland has announced plans to cut 1,230 jobs and axe 49 branches across the UK.

Apr 17 08:58

Optimism of Manufacturers “Plunged” the Most Ever: NY Fed

Corporate America fears that a Trade War would hit supply chains in China.

Apr 17 08:57

Wells Fargo In CRISIS! - Is A Crash Imminent?

Apr 17 08:46

"Bloodbath" - Trump Tower New York Condo Prices Are Nosediving

The Trump Tower at 721 Fifth Avenue, New York City, is a glass skyscraper located between 56th and 57th Streets. Developed by Donald Trump in 1983, the Midtown East Side skyscraper is home to 238 residential condominiums. As of recent, property values of condos in the tower have plunged much faster than comparable luxury high-rises in Midtown Manhattan, said Reuters.

Webmaster's Commentary: 

Trump may turn out to be the first President to LOSE money while in office!

Apr 17 08:38

The Pension Time Bomb: $400 Trillion by 2050

Apr 17 08:31

4 Triggers for the Next Real Estate Collapse

Apr 17 08:26

Phase I To Destroy The Dollar Might Have Been Launched Today

Commercial real estate prices fall, loans reach record highs, retail store vacant premises, disaster in the making. GM cuts more employees at their factory, Cruze sales are imploding.

Apr 17 08:22

Russia dumps US debt, reducing holdings to lowest level in a year

The Central Bank of Russia has sold $3.1 billion in US Treasury bills as of February, reducing its investment in American debt to the lowest level since March last year.

Moscow still occupies the 16th position among the largest holders of US government bonds. Russia has cut its holdings for the third consecutive month.

Apr 17 07:30

AN EMPIRE BUILT ON FEAR AT HOME AND ABROAD

Political leaders and the mass media deluge the public with a constant stream of frightening incidents caused by the enemy-of-the-week: nerve gas killing dozens of little babies in Syria, Russian-directed poison assassination attempts in England and terror incidents throughout Europe, requiring an increase in domestic police state surveillance and spying. Extensively monitored bank records, intrusive workplace controls, and all personal and, especially, political communications, are in the hands of state security officials or corporate security contractors.

Apr 17 02:51

Don't Look At These Charts...

Apr 17 02:51

Steve Keen gives update on UK/EU economies

Apr 17 01:18

The End of the Debt-As-Currency Era

We’re now living in the era of the greatest level of debt mankind has ever created. In fact, we’ve come to regard it as “normal.” Most governments are far beyond broke. And they won’t be saved by confiscation or taxation, as their people and corporations are just as heavily in debt. For this reason, a collapse is inevitable. And, since the severity of a collapse is invariably directly proportional to the severity of the debt, when it arrives, it will be a collapse that eclipses all previous collapses.

Apr 16 17:13

Why Aren’t Big Banks Paying Higher Interest Rates on Deposits though Rates Have Surged?

Well, they do pay higher rates, but not to their own clients.

Apr 16 16:37

MONETARY POLICY FOR DUMMIES

Apr 16 16:05

Steve Keen: Debt Jubilee Part Of The Fix

Apr 16 12:06

SHOCK Report: Pentagon & HUD ‘Lost’ Enough Money to Pay Back National Debt

A new report examining the budgets of both the Defense Department (DOD) and the Department of Housing and Urban Development (HUD), found that between 1998 and 2015, these two alone lost over $21 trillion in American taxpayer funds.

The surprising report was written by Dr. Mark Skidmore, a professor of economics at Michigan State University, and Catherine Austin Fitts, former assistant secretary of housing. It writes that the missing funds are a direct result of “unsupported journal voucher adjustments” made to the departments’ budgets.

Apr 16 10:52

Trump a Geopolitical Know-Nothing Endangering Humanity

by Stephen Lendman (stephenlendman.org – Home – Stephen Lendman)
He’s a real estate businessman/television personality, America’s first Reality TV president.

A geopolitical know-thing, he largely knows rubbish fed him in daily briefings, along with what extremist neocons infesting his administration tell him and Fox News disinformation, his favorite channel – all of the above manipulating his thinking.

He’s not intellectually gifted like Jefferson, John Adams and John Quincy Adams, Teddy and Franklin Roosevelt, Madison, Lincoln, Wilson and Jack Kennedy.

Unlike TR and JFK, he disdains reading, preferring oral communications in simple language. He can’t be bothered with policy papers, nothing more than a brief paragraph or two, if that.

“I don’t need…200-page reports on something that can be handled on a page. That I can tell you.”

Apr 16 10:32

More Absolutely Crazy Pension News

“War” and “pensions” are conceptually about as different as it’s possible to be. But – in a measure of how far into Crazy Town we’ve wandered – they’re both taking the world in the same direction.

Apr 16 09:28

233 Members of Congress Just Voted to Steal Social Security’s $2.9 Trillion Surplus

233 Members of Congress Just Voted to Steal Social Security’s $2.9 Trillion Surplus

When Social Security runs a surplus, Social Security holds the funds in trust. Social Security currently has a $2.9 trillion accumulated surplus. In the guise of a so-called balanced budget amendment, 233 members of the House of Representatives just voted to pretend that the accumulated surplus does not exist.

Apr 16 09:22

Trump Hits Russia With New Sanctions Over Syria Gas Attack

The Trump administration will impose new sanctions against Russia on Monday for "enabling the Syrian government's use of chemical weapons in civil war", Nikki Haley revealed earlier on Sunday, and the New York Times confirmed later in the day.

The sanctions, coming shortly after American-led airstrikes against facilities linked to Syria’s chemical weapons, are meant to signal that the United States holds responsible not just the Damascus government of President Bashar al-Assad but also his patrons in Russia and Iran. President Trump has vowed that Syria’s allies will pay a “big price” for permitting his use of poison gas.

The Sanctions, first announced by UN ambassador Nikki Haley, "will go directly to any sort of companies that were dealing with equipment related to Assad and chemical weapons use," said Haley on CBS's Face the Nation Sunday morning.

Apr 16 09:21

“They Know What’s Going To Happen” Governments And Big Banks Are Stockpiling Gold Ahead Of Massive Economic Collapse

The writing is on the wall and major financial institutions across the world are warning about the economic disaster to come. Unabated money printing, tariff trade wars, rising interest rates and retail slowdowns point to one result, and it’s going to be brutal. Big banks and governments know what’s coming and they are preparing for this eventuality by stockpiling huge amounts of “real money” ahead of the crisis.

According to Keith Neumeyer, the CEO of the world’s top primary silver producer First Majestic Silver and chairman of First Mining Gold, the cartels he’s previously reported to the CFTC have continued to manipulate the prices of precious metals while loading up their own vaults with gold and silver. The answer to why they’re doing it is simple, as Neumeyer highlights in a recent interview with SGT Report:

Apr 16 09:18

Russia to suspend nuclear, rocket cooperation with America, ban US tobacco & alcohol – draft law

Russian lawmakers have drafted a bill suspending cooperation with US companies in the nuclear, missile and aircraft-building spheres, as well as introducing restrictions on imports of alcohol and tobacco produced in the US.

“The bill is about alcohol and tobacco products and about ceasing or suspending international cooperation in the nuclear sphere, rocket engine building and aircraft building between Russian companies and organizations under US jurisdiction,” one of the bill’s sponsors, MP Ivan Melnikov (Communist Party), was quoted as saying in the State Duma’s Twitter message.

Apr 16 09:11

Monday Market Looks Good But Is the Volatility Truly Over?

So far, the market looks good on Monday. But with all the international tension, do you think that the volatility is truly over?

Apr 16 08:16

8 Reasons To Hold Cash

Apr 16 07:57

IMF warns of ‘dark clouds looming’ as economic optimism ENDS

THE GLOBAL economy has peaked and a downturn in 2018 is inevitable according to a new index and the IMF’s Christine Lagarde who has warned of an “inexcusable, collective policy failure”.

Apr 16 07:41

Only Economic Collapse Will Bring Down the American Empire

Despite the vehement pleas and letter-writing campaigns by a significant portion of his political base including notable media personalities such as Tucker Carlson against military action in Syria, President Trump committed what looks like political suicide by ordering air strikes on Friday evening. The bombing, thankfully, appeared to have been thwarted by Syrian air defenses, nor, as of this date, has the insane American, British and French action led to a wider conflagration.

As of yet, no doubt due to Divine Intervention, WWIII has not erupted and although the ramifications of the attack will reverberate for weeks to come, what is clear is that President Trump is now firmly in the clutches of the neocons, Israel, and the American Deep State, all of who are the direct beneficiaries of the wanton attack on the Assad regime.

Apr 16 07:39

Global Debt Bubble Hits New All Time High – One Quadrillion Reasons To Buy Gold

– Global debt bubble hits new all time high – over $237 trillion
– Global debt increased 10% or $21 tn in 2017 to nearly a quarter quadrillion USD
– Increase in debt equivalent to United States’ ballooning national debt
– Global debt up $50 trillion in decade & over 327% of global GDP
– $750 trillion of bank derivatives means global debt over $1 quadrillion
– Gold will be ‘store of value’ in coming economic contraction
– Global debt is the mother of all bubbles

Apr 16 07:37

Some Bubbles are Just Outright Frauds

Apr 16 07:16

What Hyperinflation in Venezuela Really Looks Like

Jose shares with us stories from Venezuela that illustrate what it is really like living in a country with massive hyperinflation - and it isn't pretty.

Apr 15 17:02

HIGH STREET footfall: West Midlands suffers the BIGGEST DROP on a national level

THE WEST MIDLANDS has been the hardest hit by shoppers deserting the high street, with stores there suffering the biggest drop in footfall nationally, according to data from Springboard.

It found that over the last five years high street footfall in the West Midlands had slumped 16.9 per cent, more than two and a half times the national average of 6.6 per cent. The South-west was the second worst region for high-street retailers, with the number of people visiting stores there down 9.7 per cent, followed by the East Midlands, where footfall had fallen by 7.7 per cent.

Shopping malls in Scotland suffered the worst deterioration in visitor numbers between 2012 and 2017, down 15.3 per cent, compared to Wales in second place with a decline of 14.2 per cent. The third worst area for shopping centres was the East of England, where footfall had fallen 11.6 per cent.

Apr 15 14:07

REVEALED: Oregon public university president receives a $76,111 A MONTH taxpayer-funded pension

A former Oregon eye surgeon and public university president is receiving a $76,111 a month taxpayer-funded pension after retiring late last year.

Dr Joe Robertson, the former president of Oregon Health & Science University, will receive an annual pension of $913,000, which is the state's largest public pension.

The 66-year-old's pension is considerably higher than what the average family in Oregon earns a year. The median household income for the state was $57,532 in 2016, according to Census data.

Apr 15 09:47

As Malls Get Crushed, Commercial Real Estate Prices Fall to Lowest in Nearly Two Years

Leverage is why the Fed has been worried about the bubble in CRE.

Apr 15 08:53

Fed is Behind, But Still Screwing Up

Apr 15 07:54

FLASHBACK: FEC: Trump Owns Stock In Missile Company Used To Bomb Syria

The report reveals that Donald Trump has stock with U.S. defense contractor Raytheon. Trump stands to personally profit from the purchase of 59 Tomahawk missiles used by the US Navy – which has cost the taxpayer between $60 million and $82 million dollars.

Apr 15 04:55

Yamada: Dow Forming Bearish Technical Pattern

Apr 15 04:54

How to Legally Lower Your Tax Bill

Apr 14 10:31

IMF Reports That Global Trade Is On The Brink Of Imploding

JPMorgan was busted over bitcoin fraud, raising interest on bitcoin purchases.RBC warns credit is starting to breakdown in Canada. Banks are exposed to the auto subprime market, it looks like the subprime securities crisis of 2008.

Apr 14 08:35

Donald Trump Moves To Rejoining The TPP

Apr 14 08:33

S&P could be repeating 2007 pattern

Apr 14 07:42

Is Vietnam The Next Market To Emerge?

Apr 14 04:43

Another Subprime Bubble: The Fed Never Learns

Apr 13 13:25

Yield Curve Signaling An Economic Slowdown

Apr 13 12:50

Is Inflation Finally Moving Higher?

Apr 13 12:09

Employment, Consumer credit, Bank loans

Apr 13 11:44

Could The Fed Set Off A Debt Bomb?

Apr 13 11:39

9 Things Cannabis Investors Should Know

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