ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jun 15 10:22

Access Denied: US Mulls Blocking Chinese Investment in Artificial Intelligence

According to an unreleased Pentagon report, a federal agency is considering limiting Chinese financial investment in the US, even as Beijing continuously finds new ways to gain access to sensitive cutting edge US technologies, including artificial intelligence and machine learning.

Webmaster's Commentary: 

Of course, no such restriction applies to Israel!

Jun 15 10:10

Signed Into Law: Nevada Becomes Free-Trade Zone for Bitcoin And Other Blockchains

This could make Nevada a hub for blockchain startups and it certainly offers agorist opportunities. In this video, Vin Armani examines a brand new law in his home state of Nevada that creates a free-trade zone for cryptocurrencies and other blockchain applications exempting them from regulations. The law prohibits taxing and regulating blockchain businesses. Check out the details below:

Jun 15 10:07

Treasury Dept confiscating gold

GATA reported yesterday, and we picked up the story, about a golden rooster being confiscated by the Treasury in 1960. The rooster weighed in at a hefty 14 pounds of solid gold – that’s a lot of gold.

Jun 15 09:43

Bitcoin flash crash makes mockery of ridiculous claims that Bitcoin is a “store of value”

It’s only been a few years since cryptocurrencies like bitcoin first began taking the world by storm, offering what many people see as a more secure financial alternative to fiat currencies like the dollar. But the almost 20 percent bitcoin “flash” crash that recently took place just days ago on June 12 suggests that this may not actually be the case, and that relying on bitcoin as some kind of miracle store of value is more than a bit misguided.

Jun 15 09:37

City enforces expansion of sit-lie ban, moving scores of homeless out

After years of complaints, city crews dismantled two of the most volatile homeless camps on Oahu on Tuesday.

Jun 15 09:31

Germany, Austria Slam US Sanctions Against Russia, Warn Of Collapse In Relations

Less than a day after the Senate overwhelmingly voted to impose new sanctions against the Kremlin, on Thursday Germany and Austria - two of Russia's biggest energy clients in Europe - slammed the latest U.S. sanctions against Moscow, saying they could affect European businesses involved in piping in Russian natural gas.

Webmaster's Commentary: 

Again, a ham-fisted move by the Senate that was not thought all the way through.

Jun 15 09:30

Falling Rocks in the Promised Land

Speaking of bubbles and near-bubbles, consider the “Everything Bubble,” and the exceptional rallies in the NASDAQ 100 and Amazon stock. The current rallies are not as steep as during the 1999-2000 NASDAQ but the NASDAQ 100 and the “FAANG” (Facebook, Apple, Amazon, Netflix, Google) stocks have risen far too high.

Jun 15 09:27

"Any Crisis Can Bring About Immediate Shortages" – Food Is A Weapon In The Hands Of The Powerful

Eight years of Obamanomics has severely crippled the U.S. manufacturing base, and the food industry has not been immune to that destruction by a longshot. The dramatic rise in entitlements expanded by Obama has also caused the prices of consumer goods to shoot up drastically: more handouts by the government places more money in the hands of the entitlement-society…at taxpayer expense. This devalues the fiat currency even further and pushes up the prices of food.

Jun 15 09:26

European banks face €4.7 billion in fines

European banks could face fines totalling €4.7bn in the three years after General Data Protection Regulation comes into force, according to a report from data security solutions firm AllClear ID.

Jun 15 09:15

THERE WILL BE BLOOD: THE ALEXANDRIA SHOOTING AND CIVIL WAR IN AMERICA

The state will exercise it monopoly of violence and terror. It’s the defining characteristic of the modern state. The endgame is an authoritarian police and surveillance state.

The shooting at a Republican baseball practice in Virginia shouldn’t come as a surprise. It’s the result of months of establishment agitprop. From Kathy Griffin posing with Trump’s severed head to a Trump-like Julius Caesar killed in Central Park play, the media has fixated on strife between the two establishment parties.

This isn’t an accident. It’s designed to keep Americans distracted and at each other’s throats as the economy slowly implodes and the wars expand with horrific toll.

Webmaster's Commentary: 

I would like to be able to say with a straight fact that Nimmo is absolutely wrong in his characterisation of what is happening; unfortunately, however, my sense of logic indicates that he is 100% correct in his assessment.

Right now, I feel very blessed that Mike and I live in Hawaii; yes, people have geopolitical differences, and perhaps it is because of the wonderful diversity of people living here, but we all understand, at the end of the day, that we are Americans first.

Jun 15 09:11

EU Wants to Order All Euro Trading Moved from London to Paris

The European Union is preparing the legal basis to take over London’s extensive trading business with euro derivatives.

Jun 15 09:08

PEAK ECONOMIC DELUSION SIGNALS COMING CRISIS

In my article 'The Trump Collapse Scapegoat Narrative Has Now Been Launched', I discussed the ongoing and highly obvious plan by globalists and international financiers to pull the plug on their fiat support for stock markets and portions of the general economy while blaming the Trump Administration (and the conservative ideal) for the subsequent crash. Numerous economic shocks and negative data which had been simmering for years before the 2016 elections are rising to the surface of the normally oblivious mainstream. This recently culminated in a surprise stock dive that stunned investors; investors that have grown used to the Dow moving perpetually upward, while the economic media immediately began connecting the entire event to Trump and the “Comey memos”, which likely do not exist.

Webmaster's Commentary: 

The only alleged "recovery" has been for the one percenters, and not for the rest of the nation.

As we have counseled at WRH many, many times; don't panic - plan.

Have only what you need to pay your bills in the bank, and find a way to keep the rest of it under your personal control. Invest in physical gold and silver but only for its face, and not numismatic, value. And remember: the IRS and your bank can already take your money, regardless of whether you have been convicted of a crime:

Could the IRS empty your bank account?!?

US banks can already take your money

Make sure that you have potable water, and long-term storage food around. If you, your loved ones or your pets, are on any medication, make sure you have extra around, to protect yourself from shortages.

Find a way to protect what is yours in a way with which you feel morally comfortable, because those who didn't prepare may well want to rip you off, and they will be armed.

If you need to bug out, have a plan. And if you need to get your kids out of school early, find out what your school district's policy is on releasing them early from school.

Find people around you with whom you can build community, and identify those skills with which you can barter.

Jun 15 08:28

Congress Could Make It Harder for Local Pols to Blow Your Money on Stadiums

When New York City agreed to build a new stadium for the most valuable baseball team in the country, the Yankees, they partially paid for the project by issuing more than $1.6 billion in municipal bonds.

That means Red Sox fans in Boston ended up indirectly helping to build their rivals' new home.

Jun 15 08:06

The Fed Accelerates The Collapse Of The Economy, The Clock Is Ticking Down

Time Inc is cutting 300 jobs, Toy R Us is in trouble as sales continue to decline. Retail sales numbers are out and sales in each sector has declined. The retail industry is imploding.

Jun 15 07:17

You won’t believe this stupid new law against Cash and Bitcoin

This one is almost too ridiculous to believe.

Jun 15 07:13

Greece on the BRINK: Eurogroup REFUSES to agree debt relief and delays decision on bailout

GREECE is being pushed to the brink of bankruptcy today after the Eurogroup president said the country would still not receive the much-needed debt relief needed.

Jun 15 07:11

The Truth About the Dodd-Frank Repeal

It is very easy to have a knee jerk reaction to this issue but for something this critical it is very important to understand why it is being done.

Jun 15 05:57

2,000 Advanced Placement Economics teachers: how many will engage and respond to ~$1 million benefits per average US household for monetary reform and public banking? How many political ‘leaders’? How many citizens?

*hyperlinks/videos live at source*

There is literally no other topic more valuable for public consideration. Given the following data, do you agree?

To be fair, let’s assume 10% of the ~2,000 Advanced Placement (AP) Macroeconomics teachers pay attention to the discussion board where interested teachers engage in improving teaching and learning. Since 2009, I’ve shared data on monetary reform and public banking with zero positive responses to date, and perhaps a dozen non-academic and non-professional responses insulting my character, hit-and-run denial, and fear-mongering claims of inflation with failure/refusal to explain or discuss the data and history I provided.

Here’s the latest I offered in response to a question from a colleague:

Jun 14 22:33

when the usa goes bankrupt..

i'm convinced that corporate zionism has swallowed america whole. in order to express my disgust of what we have been become, i am writing in all lower case to protest against corporate/capitalism..the computer does'nt care. our american republic has turned into a killing machine for america's largest oil corporations. the real owners of america are the american indians..

the united states of America inc. is purposely being driven into bankruptcy.. when this happens the share holders of u.s.a.stock will will put the nation's assets at auction. they will now own all the land and infrastructure that we built.. i would rather give the entire country back to the american indians .. to whom it all belongs anyways.

Jun 14 19:42

What Trump Is About To Do With The Banks Is Not What You Think

Sears might be closing down their stores in Canada. Kellogg's is laying off more employees than originally thought. Today in America there are only 35% businesses that are not profitable.

Jun 14 15:31

BREXIT BOOST: Britain would be '£156 billion a year better off WITHOUT a deal with EU'

Former British Chambers of Commerce director John Longworth has issued “a Brexit fight back” after Remainers have tried to capitalise on the hung parliament election result to claim that Theresa May’s vision of a clean Break with the EU is “dead”.

The annual boost - worth around a third in growth for the British economy - would continue for at least 12 years as Britain’s economy is transformed by throwing off the shackles imposed by Brussels.

It is the equivalent of adding the entire NHS and defence annual budgets back into the UK each year.

Jun 14 13:32

GM Extends Plant Shutdowns As Toxic Trifecta For Auto Loans Fuels Carmageddon

In yet another unsurprising headline, The Wall Street Journal reports that GM will extend the typical summer shutdown at certain U.S. factories to deal with slumping sales and bloated inventory, a sign the industry’s hot streak is grinding to a halt.

Jun 14 10:57

5 Doctors, Thousands of Patients, and the Effects of Regulation - Public Health & Policy

Not a fairy tale: Many years ago, three doctors formed an internal medicine practice and were proud of the thousands of patients they accumulated.

Now we must not forget Dr. B and D. They made a successful run at private practice and hired various other physicians and nurse practitioners over the years. The ranks of their patient population swelled. By 2015, however, they began to feel the futility of the current medical system. Thus Dr. B and Dr. D also eventually went concierge, and limited their practices to 500 patients each. And they thrived.
So if we do the math:
Dr. A had 5,000 patients and retired. He no longer is involved with patient care.
Dr. B moved to a concierge practice and narrowed his patient population from 5,000 to 500.
Dr. C moved to a concierge practice and narrowed his patient population from 5,000 to 500.
Dr. D moved to a concierge practice and narrowed his patient population from 2,500 to 500.

Jun 14 10:52

CALIFORNIA MAYBE REPLACING ITS ‘PRISON-INDUSTRIAL COMPLEX’ WITH SOMETHING FAR WORSE

Since 2006, California’s inmate population has gone down by nearly a quarter, due in part to a Supreme Court mandate that found conditions in California’s notoriously overcrowded prisons to be ‘cruel and unusual punishment.’ The inmate population further declined after California passed a proposition in 2014 that reduced sentencing for nonviolent drug offenders. Still, the annual corrections budget has continued to increase, with current costs now double what they were in 2005.

But the very same budget report that allocates $11.3 billion to corrections also predicts an additional population decrease of 11,500 inmates over the next four years.

So what gives?

Part of the answer, at least, comes down to prison unions.

“It’s an example of how powerful public-sector unions keep the state from getting spending under control, even when the need for such spending plummets,” wrote Steven Greenhut in an op-ed for the California Policy Center.

Jun 14 09:41

A SYSTEM ONLY A PSYCHOPATH COULD LOVE -- Andy Hoffman

If you think the global monetary system is awesome, you're probably a psychopath. Or a banker. Oh yeah, the two words are synonymous. International bankers are, generally speaking, psychopaths who are happy to prey on humanity.

Jun 14 08:44

WARNING: The Global Oil & Gas Industry Is Cannibalizing Itself To Stay Alive

While the Mainstream media continues to put out hype that technology will bring on abundant energy supplies for the foreseeable future, the global oil and gas industry is actually cannibalizing itself just to stay alive.

Jun 14 08:04

Robot-Powered Restaurant One Step Closer To Dumping Fast-Food Workers

A secretive robotics startup has raised a new round of venture funding as part of its quest to replace humans with robots in the kitchens of fast-food restaurants.

Momentum Machines secured over $18 million in financing, according to a SEC filing in May. The startup has generated investments from top VC firms Google Ventures and Khosla Ventures in the past.

Jun 14 08:03

The Australian economy hits another rough patch

Annual Australian growth slowed to 1.7 per cent in the March quarter hit by bad weather and weak consumer spending.

Jun 14 07:54

HOW I MANAGE MY SLAVES

“If you wish to keep slaves, you must have all kinds of guards. The cheapest way to have guards is to have the slaves pay taxes to finance their own guards. To fool the slaves, you tell them that they are not slaves and that they have Freedom. You tell them they need Law and Order to protect them against bad slaves. Then you tell them to elect a Government. Give them Freedom to vote and they will vote for their own guards and pay their salary. They will then believe they are Free persons. Then give them money to earn, count and spend and they will be too busy to notice the slavery they are in.”

Jun 14 07:53

How Your Wealth is Stolen EVERYDAY

With Mr. Markopolis uncovering a brand new scheme it seems like the perfect time to remind everyone of the ongoing, to this day, theft of your wealth. Don’t believe me? Well continue by listening to the only interview of it’s kind and then read the actions taken to help spread the word. It is your wealth, it is your retirement that is in jeopardy and being syphoned off – Every. Single. Day.

Jun 14 07:23

European Central Bank Tue said it had switched €500 million worth of its US dollar reserves to Chinese yuan for the first time

Jun 13 16:31

Federal & State Tax Receipts Are Declining Rapidly, Expect A Hard Landing

Spain's banking system continues to decline, the banking regulators are putting a freeze on short positions on banking stocks. Moody's reports more retailers will be filing for bankruptcy, this is the retail apocalypse.

Jun 13 15:47

Teenagers Aren't Working Anymore in America. Is that a Problem?

American teenagers aren’t working anymore. Summer jobs are becoming a thing of the past. But is that such a bad thing?

Jun 13 15:40

Economic markets are being manipulated (again)

The economic ruse that is run by Communist China is growing bigger by the day. The formula behind what has been the Great Red Engine of global growth is really very simple: Print new money and funnel it through the state-owned banking system in order to entice businesses and individuals to incur a debilitating amount of non-productive debt.

Jun 13 15:37

WHISTLEBLOWER: “ALL MISERY ON EARTH IS A BUSINESS MODEL”

Dutch banking whistleblower Ronald Bernard is back and this time he’s exposing the entire international banking syndicate which controls not only the global monetary system, but the entire planet itself and all of its resources.

Jun 13 15:33

2017 Is Going To Be The Worst Retail Apocalypse In U.S. History – More Than 300 Retailers Have Already Filed For Bankruptcy

Not even during the worst parts of the last recession did things ever get this bad for the U.S. retail industry. As you will see in this article, more than 300 retailers have already filed for bankruptcy in 2017, and it is being projected that a staggering 8,640 stores will close in America by the end of this calendar year.

Jun 13 15:02

The Dead Giveaways of Imperial Decline

Nothing is as permanent as we imagine--especially super-complex, super-costly, super-asymmetric and super-debt-dependent state/financial systems.

Jun 13 14:54

Jon Stewart slams Jim Cramer

Jun 13 14:44

Investigation reveals Bitcoin accounts being seized

The popular online Bitcoin wallet Coinbase has been routinely seizing accounts of users in Hawaii and Wyoming, effectively “stealing” their Bitcoins by locking them out of their accounts. A Natural News investigation confirms that Coinbase is citing obscure state laws in its decision to seize accounts of users in both states, yet the online wallet refuses to allow users to log in and change their state of residence if they move to another state.

Jun 13 13:28

Banks Are Becoming Less Safe... Again

What I’m about to tell you isn’t some wild conspiracy. Or fake news. It’s raw fact, based on publicly available data from the US Federal Reserve.

Jun 13 11:14

THE NEXT FINANCIAL CRISIS HAS ALREADY ARRIVED IN EUROPE, AND PEOPLE ARE STARTING TO FREAK OUT

Did you know that the sixth largest bank in Spain failed in spectacular fashion just a few days ago? Many are comparing the sudden implosion of Banco Popular to the collapse of Lehman Brothers in 2008, and EU regulators hastily arranged a sale of the failed bank to Santander in order to avoid a full scale financial panic. Sadly, most Americans have no idea that a new financial crisis is starting to play out over in Europe, because most Americans only care about what is going on in America. But we should be paying attention, because the EU is the second largest economy on the entire planet, and the euro is the second most used currency on the entire planet. The U.S. financial system is already teetering on the brink of disaster, and this new financial crisis in Europe could turn out to be enough to push us over the edge.

Webmaster's Commentary: 

And of course, American legislators have prevented American banks from having to deal with this kind of "economic trauma" because of the laws they have passed, preventing it.

US BANKS CAN ALREADY TAKE YOUR MONEY

Jun 13 11:05

PUTIN MEETS WITH ETHEREUM FOUNDER TO CREATE NATIONAL VIRTUAL CURRENCY

Two weeks ago, in our latest comparison of Bitcoin and its up and coming competitor, Ethereum, we said "step aside bitcoin, there is a new blockchain kid in town." Actually, we said that for the first time back in February when Ethereum was still trading in the low teens (the return on ETH since then is roughly 3000%), but the most recent glance provided some perspective on where the competition between the two largest cryptocurrencies may culminate, because according to at least two venture capitalists, the market cap of Ethereum - currently roughly $35 billion - and whose share of the market has been soaring, will surpass that of Bitcoin, at ~$43 billion although it changes by the second, sometime before the end of 2018.

Two things: first, at the current rate of gains in Ethereum market share (and loss in Bitcoin's), the inflection point between the two will come not in months, or weeks, but perhaps days.

Webmaster's Commentary: 

This move, coupled with the stellar growth of this company, are worth keeping an eye on.

Jun 13 10:51

QATARI CURRENCY HITS 19-YEAR LOW AS DIPLOMATIC CRISIS DEEPENS

With increasing diplomatic and economic pressure from its Arab neighbors, Qatar’s national currency, the riyal, has reached its lowest exchange rate against the US dollar since 1998.
The Qatar Central Bank is currently trying to keep the riyal fixed at around 3.64 per dollar, but the Saudi-led boycott raises concerns that the regulator will have to weaken the currency.

“I don’t think there is any reason that people need to be concerned about what’s happening or any speculation on the Qatari riyal,” the Emirate’s finance minister, Ali Shareef Al Emadi, said in an interview with CNBC earlier this week.

“We have the assets and the security that we need. Our foreign assets and our foreign investment is more than 250 percent of our GDP. So we are very much comfortable. We know we can defend the currency or we can defend the economy,” he added.

Webmaster's Commentary: 

Financial sanctions are frequently a prelude to war.

Jun 13 10:41

THE DEAD GIVEAWAYS OF IMPERIAL DECLINE

Nothing is as permanent as we imagine--especially super-complex, super-costly, super-asymmetric and super-debt-dependent state/financial systems.

Identifying the tell-tale signs of Imperial decay and decline is a bit of a parlor game. The hubris of an increasingly incestuous and out-of-touch leadership, dismaying extremes of wealth inequality, self-serving, avaricious Elites, rising dependency of the lower classes on free Bread and Circuses provided by a government careening toward insolvency due to stagnating tax revenues and vast over-reach--these are par for the course of self-reinforcing Imperial decay.

Sir John Glubb listed a few others in his seminal essay on the end of empires The Fate of Empires, what might be called the dynamics of decadence.

Jun 13 10:35

This is why the EU wants an Army.

EU begins punishing Hungary, Poland, & Czech Republic for not destroying their own country w/ "refugees."

Jun 13 10:33

LITHIUM BOOM 2.0 – THE WORLD’S HOTTEST COMMODITY JUST GOT HOTTER

Lithium is the hottest commodity on the planet right now, and investors trying to profit from it don’t understand how to invest in it.

MOST ARE MAKING A CRITICAL MISTAKE and investing in the wrong companies.

That’s because, in this game, lithium GRADE is the key to profitability.

Why? First, lithium...

Lithium is the most important component of electric vehicles, high-energy batteries, power storage, a vast menu of consumer electronics—and even Nirvana-reaching drugs.

Even today’s hyper-growth EV industry is just the tip of the iceberg compared with where it's headed to. Bloomberg New Energy Finance predicts that 35% of all new vehicle sales by 2040 will be EVs, equivalent to 100 million units every year.

Tesla’s “halo effect” will make astute investors lifetime riches because that's 100 times greater than current production.

Jun 13 10:18

Who REALLY controls our money?

Jun 13 09:47

Bitcoin wallet COINBASE now seizing accounts of Americans… users rage against “total ripoff” as their Coinbase accounts VANISH

The popular online Bitcoin wallet Coinbase has been routinely seizing accounts of users in Hawaii and Wyoming, effectively “stealing” their Bitcoins by locking them out of their accounts. A Natural News investigation confirms that Coinbase is citing obscure state laws in its decision to seize accounts of users in both states, yet the online wallet refuses to allow users to log in and change their state of residence if they move to another state.

In effect, Coinbase is “stealing” Bitcoins from users by locking them out of their own accounts, preventing them from accessing their Bitcoin balances even if they move to another state. Users are raging against the “ripoff” and the “theft” in user comments

That happened to me!

Jun 13 09:40

"Nobody In Power Is Paying Attention To How Close We Are To The Edge"

Financialization is what happens when the people-in-charge “create” colossal sums of “money” out of nothing — by issuing loans, a.k.a. debt — and then cream off stupendous profits from the asset bubbles, interest rate arbitrages, and other opportunities for swindling that the artificial wealth presents. It was a kind of magic trick that produced monuments of concentrated personal wealth for a few and left the rest of the population drowning in obligations from a stolen future. The future is now upon us.

Jun 13 09:40

Citi Warns 'Inversion' Looms As Treasury Yield Curve Slumps To 8-Month Lows

Since The Fed began its 'tightening cycle' in December 2015, the Treasury yield curve (2s10s) has flattened dramatically, tumbling back today towards cycle lows (and well below Trump-election-hope lows). What is perhaps more worrisome is the historical trend strongly suggests this trend is far from over and an inverted yield curve looms.

Jun 13 09:26

This is how Trump can tackle his economic ‘to do’ list

Donald Trump has an economic “to do” list — tax cuts, spending increases, paying for The Wall, renegotiating trading deals and creating jobs.

I believe he’s going to have trouble accomplishing all these things. Here’s why.

The US is already $20 trillion in debt and last year’s deficit grew that staggering total by nearly $600 billion — those are the irrefutable and inconvenient facts.

That makes traditional cures for the economic blahs, like spending more and lowering interest rates, unable to be properly administered. You can’t spend more and lower rates when you are already broke and borrowing costs are already ultra-low.

Jun 13 09:26

Cash-strapped Houston sells off $2M worth of city streets

The city of Houston held a yard sale of sorts last week, dusting off some possessions it doesn't use anymore and offering them for sale or swap to its neighbors.

In this case, City Council approved selling or swapping almost $2 million worth of city streets and utility easements. That won't correct the more than $100 million budget deficits city officials project for the next five years, but it's not peanuts.

Webmaster's Commentary: 

The city government does not own those streets. The taxpayers do!

Jun 13 09:09

In Gold we Trust: Must See Gold Charts and Research

The 11th edition of the annual “In Gold we Trust” is another must read synopsis of the fundamentals of the gold market, replete with excellent charts by our friend Ronald-Peter Stoeferle and his colleague Mark Valek of Incrementum AG.

Jun 13 09:08

US SEIZE DOTCOM’S ASSETS, DESPITE HIM NEVER STEPPING FOOT IN THE US

Megaupload founder Kim Dotcom has effectively abandoned all hope of retrieving millions of dollars of capital, real estate and luxury goods after the US Justice Department formally filed an asset-forfeiture with the Supreme Court on Friday. The case is unprecedented as Dotcom has never once stepped-foot on US soil. The US claim jurisdiction over Dotcom because his site Megaupload operated some servers from the US.

Jun 13 08:54

Car dealerships could be out of business within a decade, says report

The time-honoured tradition of buying a shiny new sports car or a chrome-lined pickup truck from a lot may no longer exist a decade from now, according to a new report that paints a bleak future for auto dealerships in North America.

According to a study from RethinkX, an independent think tank in San Francisco, greater demand for electric cars, coupled with increased demand for ride sharing, will eventually eliminate the need for dealerships altogether.

Jun 13 08:53

Banks are becoming less safe. Again.

What I’m about to tell you isn’t some wild conspiracy. Or fake news.

It’s raw fact, based on publicly available data from the US Federal Reserve.

This data shows a very simple but concerning trend: banks in the United States are becoming less safe. Again.

Jun 13 08:39

WHISTLEBLOWER: "ALL MISERY ON EARTH IS A BUSINESS MODEL"

Jun 13 08:32

The Fed Hasn’t Done This in 80 Years

Jun 13 05:43

Another Red Flag Emerges in the Auto Securitization Market

Irresponsible and dangerous lending practices in the U.S. automobile market have been flagged by many people for a long time, but nobody knows exactly when it will all come to a head and create real problems. Today, I want to flag the latest warning sign.

Jun 13 02:05

The Next Financial Crisis Has Already Arrived In Europe, And People Are Starting To Freak Out

Did you know that the sixth largest bank in Spain failed in spectacular fashion just a few days ago? Many are comparing the sudden implosion of Banco Popular to the collapse of Lehman Brothers in 2008, and EU regulators hastily arranged a sale of the failed bank to Santander in order to avoid a full scale financial panic.

Jun 12 17:52

Municipal Bonds: Still "on Track for a Train Wreck"

The head of credit research for a municipal-bond management firm just commented: "We haven't seen this in a modern state before." He was talking about Illinois' deep fiscal trouble. Look at the eye-brow-raising credit spread.

Jun 12 17:44

MASSIVE CENTRAL BANK ASSET PURCHASES: Last Ditch Effort To Save Economy & Cap Gold Price

The Central banks bought a staggering $1.5 trillion in assets in the first five months of the year to keep the economy from imploding while at the same time, capping the gold price. Yes, it’s true…. $300 billion a month of Central bank asset purchases pushes up STOCK, BOND and REAL ESTATE values while it depresses or caps the gold (or silver) price.

Jun 12 17:42

'We are skint': Spending falls for first time in four years

We're buying fewer clothes and pairs of shoes, although we're eating out more, according to credit card firm Visa.

Its latest survey shows household spending dipped for the first time in four years last month with families "starting to feel the squeeze" as higher living costs eat into pay.

"Let's face it, we are skint," says commentator Justin Urquart-Stewart.

"Our card's maxed out, nothing in the savings account, pockets emptied out and nothing down the back of the sofa."

Jun 12 17:41

Wall Street falls amid tech stock sell-off

The Dow Jones fell 36.3 points, or 0.2%, to 21,235.6 points, while the wider S&P 500 index dropped 2.3 points, or 0.1%, to 2,429.3.

The tech-focused Nasdaq index fell 32.4 points, or 0.5%, to 6,175.4.

Apple fell 2.5% after Mizuho Securities cut its rating on the tech giant to "neutral" from "buy" - its second downgrade in a week.

Netflix dropped 4.2%, Amazon shed 1.4%, Alphabet dropped 0.9% and Facebook was down 0.8%.

Jun 12 17:37

ECB to keep printing MILLIONS of Euros to prop up Eurozone till 2019 - top bank forecasts

The European Central Bank (ECB) has already pledged to continue injecting billions of euros into the economy every month until the end of this year.

But monetary policymakers are likely to continue with the bond-buying programme, or so-called Quantitative Easing (QE) for another two years, according to Societe Generale.

It comes after ECB Chief Mario Draghi last week poured water over hopes that the money printing would soon be scaled back, prompting the euro to weaken.

Jun 12 16:17

Dollar To Stabilize At Lower Value Soon

Jun 12 15:19

Equality? Female students can sit exam at home

The University of Oxford faces fresh allegations of sexism, after its history department announced it would allow students to sit exams from home in order to help close the gender gap.

As of next term, students will be able to replace one of their five final-year exams with a “take-home” paper, as part of reforms to Oxford’s History Faculty.

Jun 12 14:56

Another Week, Another 1,000 STORES CLOSE…

Jun 12 14:43

Aldi is planning to add 25,000 jobs by 2022. Here’s how to snag one of them

Germany's Aldi to Spend $3.4 Billion to Expand US Store Base to 2,500

German grocery chain Aldi Inc. said it would invest $3.4 billion to expand its U.S. store base to 2,500 by 2022, raising the stakes for rivals caught in a price war.

Aldi operates 1,600 U.S. stores and earlier this year said it would add another 400 by the end of 2018 and spend $1.6 billion to remodel 1,300 of them.

The investment, which raises Aldi's capital expenditure to at least $5 billion so far this year, comes at a time of intense competition and disruption in the industry.

"We're growing at a time when other retailers are struggling," Hart said in a statement. Hart added that Aldi's prices were also up to 50 percent lower than traditional grocery chains, a move that appeared to follow rival Lidl's announcement on prices.

Jun 12 14:32

The British economy is in the toilet – Pound hits seven-month low

The pound is dipping back towards $1.27, down 0.2% today, as investors analyse these warnings from Moody’s and S&P and wait for developments in Westminster.

Jun 12 14:23

The Everything Bubble, The Subprime Mortgage Is Reborn

This cycle’s main bubble is in government bonds and fiat currencies, with a dash of large-cap tech thrown in for variety. But like a hurricane spawning tornadoes at its periphery, this Money Bubble is creating secondary bubbles like student debt and subprime auto loans that are impressively destructive in their own right.

Jun 12 14:21

How close to collapse is the rigged the stock market?

We just saw a major rift open in the US stock market that we haven’t seen since the dot-com bust in 1999. While the Dow rose by almost half a percent to a new all-time high, the NASDAQ, because it is heavier tech stocks, plunged almost 2%. Tech stocks nosedived while others rose to create new highs. Is this a one-off, or has a purge begun for the tech stocks that have driven the nation’s third-longest bull market?

Jun 12 13:58

America’s conflicted housing market

Americans have been gung-ho in recent years about the housing market, bidding up prices with gusto as they went. The election helped. By February, the Fannie Mae Home Purchase Sentiment Index (HPSI) had shot up to 88.3, up 5.6 points year-over-year, and the highest ever in the data series going back to 2011.

Jun 12 11:15

Banco Santander ‘saves’ Banco Popular: it smells

What was bound to happen has now finally happened; a major European bank has collapsed. Despite not being one of the largest banks, Banco Popular definitely was one of the better-known names in Spain and Southern Europe as a whole.

Jun 12 11:10

Economy emerges as bright spot for Trump

The economy is emerging as a bright spot for President Trump as he struggles to move his congressional agenda amid a series of controversies.

The S&P 500 is up more than 12 percent since Election Day, unemployment has reached a 16-year low and economic growth in the coming year is expected to reach 2.3 percent, more robust growth than the 1.6 percent it grew in 2016.

Trump sought to play up his handling of the economy again on Friday at an event to end a week meant to highlight his efforts on legislation to fund new infrastructure projects across the country.

“We are here to think big, to act boldly, and to rise above the petty partisan squabbling of Washington, D.C. We are here to take action. It’s time to start building in our country, with American workers and with American iron and aluminum and steel,” Trump said in a speech at the Department of Transportation.

Webmaster's Commentary: 

Be careful about that alleged unemployment figure; it is slanted to hide the numbers of Americans who cannot find work, by dropping them from the labor statistics if they have been out of work for 3 weeks or more.

Record 94,708,000 Americans Not in Labor Force; Participation Rate Drops in May

Jun 12 11:08

According To The Latest Data We Could Be Weeks Away From An Economic Crisis

Restaurant sales and traffic have declined, reports are coming in that the retail industry, food and service industries are declining at a rapid pace. Another Spanish bank might be on the verge of a bail-in, Liberbank is collapsing.

Jun 12 10:36

A Half Century of Bubbles... Perhaps this is Why

Disposable income is the amount of money households have available for spending and/or saving after income taxes are paid. About as simple as it gets, how much do folks have left to drive economic consumption after they pay Uncle Sam.

Jun 12 10:33

Will Fed Inflation Force the Dollar to Collapse?

Silver price will skyrocket as The Fed may soon set it’s sights on a much faster rate of devaluation of the dollar. The current target of 2% is not enough the currency is not devaluing fast enough to feed the monster.

Jun 12 10:09

Will Fed Inflation Force the Dollar to Collapse?

Silver price will skyrocket as The Fed may soon set it’s sights on a much faster rate of devaluation of the dollar. The current target of 2% is not enough the currency is not devaluing fast enough to feed the monster.

Jun 12 09:20

It's Confirmed: Without Government Subsidies, Tesla Sales Implode

In 2015 Tesla sold a total of 2,738 cars in Denmark. In 2016 - when Denmark phased out subsidies for electric vehicles - the number crashed by 94% to just 176 units.

Jun 12 09:19

AAPL Loses $50BN In Market Cap As Citi Piles On: Cuts EPS, iPhone Sales Forecast

Apple has lost over $56 billion in market cap in the past two days, and now adding insult to injury, Citi's analyst Jim Suva said he is lowering his September estimates for iPhone units, total revenues and EPS.

Jun 12 09:12

Traders Are Buying The Most Nasdaq Downside Protection Since Lehman

Friday was volumes of Nasdaq ETF put options explode higher as investors rushed to protect their downside as FANG stocks led the tech wreck. This is the biggest spike in volume since Lehman in September 2008.

Jun 12 09:02

Americans Suddenly Sour on the Housing Market

It’s a Great Time to Sell and a Bad Time to Buy, they think.

Jun 12 09:01

Psychiatric Hospital Chain Under Department of Defense & FBI Investigation

The U.S. Department of Defense (DOD) and the Federal Bureau of Investigation (FBI) have joined the multi-Federal agency investigations into the largest psychiatric hospital chain owned by Universal Health Services (UHS). The agencies are “scrutinizing UHS’s billings to Tricare, the insurance plan for active military and their families,” according to the latest BuzzFeed News expose.[1] Rosalind Adams, an award-winning journalist with BuzzFeedNews, conducted an independent investigation into UHS saying that investigators have cited “troubling reports suggesting a pattern of quality of care issues” or “harm to patients” in some UHS facilities operating in a dozen states.

Jun 12 08:59

GAZPROM PLANS 2ND TURKISH STREAM PIPE TO BYPASS UKRAINE

Russia’s Gazprom, Greece’s DEPA, and Italy’s Edison have signed an agreement of cooperation in St Petersburg that envisages joint efforts aimed at establishing a southern route for gas supplies from Russia to Europe, which will run across Turkey and Greece to Italy.

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