ECONOMY | WHAT REALLY HAPPENED


ECONOMY

May 11 09:29

Nearly 40 percent of 18 to 34 year olds live with mom and dad in California. Most are working but just do not earn enough to rent let alone buy a home.

A record number of young people are living at home with mom and dad in California even in the midst of a very low unemployment rate and record in the stock market. Millennials in particular are carrying large levels of debt and many are still struggling to get out into a rental, let alone purchasing a home. There is a housing apocalypse for young Americans and in California, many Millennials are simply waiting until their baby boomer parents kick the bucket so they can own a piece of the California Dream. But Taco Tuesday baby boomers are not going away and many are angry that their offspring are unable to buy a home like they did when housing wasn’t consumed by house horny buyers and prices were actually affordable. The numbers are startling because when we brought attention to the issue a few years ago the number was at 2.3 million young adults living at home. Today it is now up to 3.6 million – if we combined these people it would be the third largest city in the U.S.

Webmaster's Commentary: 

So why are rents and home prices going up??????

May 11 09:20

CHINA IS ON TRACK TO FULLY PHASE OUT CASH - CHINA WAS THE 1ST COUNTRY TO INTRODUCE PAPER MONEY

Of China's 1.35 billion population, 710 million are internet users. The results of a survey by the Beijing Youth Daily newspaper released in March found that, like Xu, 70 percent of internet users polled thought carrying cash was not necessary.

The apps fuelling this cashless trend are Tencent's WeChat and Alibaba's Alipay. Launched in 2011, WeChat is a multi-function app based around a messaging system that incorporates WhatsApp and Twitter-like elements. The app is phenomenally popular in China—the majority of WeChat's roughly 889 million monthly-active users worldwide are based in the People's Republic. Chinese users of apps like WeChat tend to not be put off by the personal data storing and sharing that goes on in them. Snooping by authorities is pretty much accepted.

May 11 08:57

Aetna Is Latest Health Insurer to Quit Obamacare Markets

Aetna Inc. will leave the few remaining states where it had been selling Obamacare plans next year, making it the latest health insurer to pull out of the health law as Republicans attack the program as failing and work to dismantle it.

Webmaster's Commentary: 

May 11 08:52

Moodys Slashes Ratings On 6 Canadian Banks, Fears Asset-Quality Deterioration, Soaring Household Debt

Amid Poloz-described "unsustainable prices" in various cities, and just days after the collapse of Canadian mortgage lender Home Capital Group and our discussion of the dire state of Canadian savers (and their record household debt), Moodys has cut the ratings on six of Canada's largest banks because of "ongoing concerns that expanding levels of private-sector debt could weaken asset quality in the future."

As a reminder, even Bank of Canada Governor Stephen Poloz noted that Toronto is out control tonight while answering questions following a speech in Mexico City...

"pretty sure recent gains in Toronto home prices were not sustainable and that the city’s housing market had elements of speculation"

"Financial stability is part of the Bank of Canada’s monetary policy decision making, but the central bank’s primary mission is inflation targeting,... it would be odd to use interest rates to target home prices in just one city."

May 11 08:13

Trump Confirms, The Economy Will Be Brought Down & It Will Be Chaotic

The condo market and the housing market is collapsing at a faster pace. World's largest oil trade says there is no growth. Retail is contracting, credit is breaking down, JP Morgan Chase is telling smaller banks to combine deposits because there is going to be a problem later this year.

May 11 07:44

BREAKING Dew News - Coinbase Unable to Fulfill Orders - Scam or Failure to Execute?

May 11 06:49

BT to axe 4,000 jobs across the globe

BT is to axe 4,000 jobs at worldwide, with profits plunging 19 per cent to £2.4bn during a "challenging" 2016/17 financial year for the former state monopoly.

The roles will mainly cover managerial and back office areas, with the company expecting to shave off £300m over two years. This comes a day after industry sources were speculating about a possible sell-off of the Global Services unit. Its shake-up of the unit follows an accounting scandal in Italy which led to a £530m writedown, impacting the company’s bottom line. The incident has also wiped £8bn off BT’s share price.

May 11 01:59

How Important Is It To Understand Inflation?

May 10 19:10

Establishment Bankster

So in the end the West was saved by the election of Emmanuel Macron as President of France: relief in Brussels, a buoyant eurozone, rallies in Asian markets.

That was always a no-brainer. After all, Macron was endorsed by the EU, Goddess of the Market, and Barack Obama. And he was fully backed by the French ruling class.

May 10 15:47

HOW COLLEGE HAS BECOME A RACKET!

May 10 15:18

Same Housing Bubble, New Scam Aimed at the Tax Payer (zero hedge)

It looks like Wall Street has found a new way to scam the taxpayer with a housing bubble. This is a rehash of the 2008 mortgage-backed security scam except now they're using securitized bonds backed by overvalued homes.

May 10 15:14

Big Banks Pushing Smaller Banks To Merge Deposits Before The Bank Runs Begin

Home Capital Group is becoming desperate they are now selling million of mortgages. Half of Canadians do not have $200 for an emergency. Gallup economic confidence declines, more and more people believe the economy is getting worse.

May 10 14:00

Arizona Legislature Ends Income Taxation On Gold And Silver

By Jp Cortez

Phoenix, Arizona (May 10th, 2017) – Sound money advocates scored a major victory today when the Arizona state senate voted 16-13 to remove all income taxation of precious metals at the state level. The measure heads to Governor Doug Ducey, who is expected to sign it into law.

Under House Bill 2014, introduced by Representative Mark Finchem (R-Tucson), Arizona taxpayers will simply back out all precious metals “gains” and “losses” reported on their federal tax returns from the calculation of their Arizona adjusted gross income (AGI)...

May 10 13:53

Somebody’s Going To Suffer: Greece’s New Austerity Measures

Sharmini Peries: The European Commission announced on May 2, that an agreement on Greek pension and income tax reforms would pave the way for further discussions on debt release for Greece. The European Commission described this as good news for Greece. The Greek government described the situation in similar terms. However, little attention has been given as to how the wider Greek population are experiencing the consequences of the policies of the Troika. On May Day thousands of Greeks marked International Workers Day with anti-austerity protests. One of the protester’s a 32-year-old lawyer perhaps summed the mood, the best when he said …

May 10 12:39

Exposed: FBI Director James Comey's Clinton Foundation Connection

flashback -- A review of FBI Director James Comey’s professional history and relationships shows that the Obama cabinet leader — now under fire for his handling of the investigation of Hillary Clinton — is deeply entrenched in the big-money cronyism

May 10 12:31

Americans Are Fleeing Major Cities: “Only A Matter Of Time Before Widespread Rioting, Looting And Civil Unrest Becomes Commonplace”

Thousands Flee Chicago For Safer Areas Of The Country As America’s Third Largest City Becomes A Gang-Infested Wasteland

Did you know that the number of murders increased by almost 60 percent in the city of Chicago last year? And as you will see below, this year gang violence in the Windy City has risen to a new level of viciousness. A staggering 9.5 million people live in the Chicago metropolitan area, and it was once known primarily for great pizza, bitter cold and some of the best sports fans on the entire planet. But now the number one thing that comes to mind for many when they think about the city of Chicago is gang violence. As it becomes clear that things are not going to turn around any time soon, thousands of residents are leaving the city for safer areas of the nation. In fact, Cook County lost more people than any other county in America last year by a very wide margin.
When your murder rate goes up by double digits in a single year, you have got a problem.

May 10 10:58

Private prisons back Trump and could see big payoffs with new policies

Sessions announcement on prison sentencing is a corrupt payoff to the private prison industry,pure and simple. Wonder how much stock he and Trump have in the private prison industry?

WASHINGTON — Private prison companies, which stand to make big gains under President Trump’s tough new immigration orders, also have contributed big sums to pro-Trump groups, including the organization that raised a record $100 million for his inauguration last month.

For-profit prison companies' hopes for significant gains under the Trump administration already are coming to fruition. On Thursday, the Justice Department rescinded an Obama administration order to phase out the use of private-prison contracts in the federal Bureau of Prisons.

May 10 10:51

Retail Meltdown Demolishes Mall Investors

Even the biggest.

May 10 10:50

SEATTLE MAYOR WANTS TO TAX DIET SODA TO FIGHT "WHITE PRIVILEGED INSTITUTIONALIZED RACISM"

Back in February, Seattle's Mayor Ed Murray called for a 2 cent per ounce tax on sugary soft drinks in order to "improve Seattle's educational opportunities for students of color." Per Lynx Media, the tax was expected to raise some $16 million per year.

Of course, when someone on his staff pointed out that a tax on sugary drinks would disproportionately impact the minorities that he was apparently trying to help, Murray knew that something drastic had to happen. So that's when he decided to launch a new attack against the most recognizable symbol of "white privileged institutionalized racism" on the planet: DIET SODA!

Webmaster's Commentary: 

Absoflippinglutely unbelievable!

Are the mayor and city council, perchance, drinking the same water as are California legislators, who want to tax all space launches which happen in their states, by the mile, and have declared that up to 62 one miles, vertical, belongs to the state of California?!?

California Wants To Tax Space Flights... By Miles Traveled

This is the only thing to which I can attribute this utter nonsense on the part of the Seattle government.

If the Seattle City Council wanted to do something positive here, it would ban all sodas which use caramel coloring to make it brown, because this chemical is carcinogenic.Coloring used in some sodas poses cancer risk to consumers, study suggests

May 10 10:37

HOW HIGHER EDUCATION BECAME AN OBSCENELY PROFITABLE RACKET THAT ENRICHES THE FEW AT THE EXPENSE OF THE MANY (STUDENT DEBT-SERFS)

Student loan lenders are skimming tens of billions in profits guaranteed by the taxpayers.

"Legal" rackets have two essential components: a public-relations "cover" that obscures the racket and the mechanism that extracts the wealth from the "marks." The Higher Education Racket qualifies on both counts:

1. The PR cover is "you all need a college diploma, and we're here to make that happen." Yea for more education!

2. The extraction mechanism is student loans. Here's a chart that shows what happened relatively recently: your federal government began guaranteeing obscene profits to student-loan lenders and debt-serfdom for tens of millions of "marks" i.e. students.

Webmaster's Commentary: 

Here's a list of some of the highest paying jobs in this country which do not require a bachelor's degree:

35 high paying jobs which don't require a bachelor's degree

I was very lucky concerning college; I had a double major in music (I am a published composer) and theatre (I do marketing for a living).

But before you go to college and pick a major, you really need to ask yourself, am I getting the "bang" for my buck in terms of that degree really making me employable?!? This is both a hard and necessary question kids need to ask before settling on a major in college.

And some degrees are absolutely useless, in terms of the real world, so when you talk to, and interview, some of the college staff, be ready to ask them: how many graduates can you confirm have received jobs in this field?!?

If they stumble, and stammer, that is the moment to thank them for their time, and walk out the door.

May 10 10:08

Jeff Christian: Gold Weakness Temporary, Long-Term Prospects Still Strong

Gold and silver have been getting slammed for weeks but Jeff Christian, one of the world's leading precious metals analysts, thinks this is more of a short-term reaction to subsiding geopolitical fears and reiterates his long-term bullish outlook based on a number of fundamental drivers.

May 10 09:59

Mexico was second deadliest country in 2016

It was the second deadliest conflict in the world last year, but it hardly registered in the international headlines.

As Syria, Iraq and Afghanistan dominated the news agenda, Mexico's drug wars claimed 23,000 lives during 2016 -- second only to Syria, where 50,000 people died as a result of the civil war.

"This is all the more surprising, considering that the conflict deaths [in Mexico] are nearly all attributable to small arms," said John Chipman, chief executive and director-general of the International Institute for Strategic Studies (IISS), which issued its annual survey of armed conflict on Tuesday.

"The wars in Iraq and Afghanistan claimed 17,000 and 16,000 lives respectively in 2016, although in lethality they were surpassed by conflicts in Mexico and Central America, which have received much less attention from the media and the international community," said Anastasia Voronkova, the editor of the survey.

Webmaster's Commentary: 

Back in the 70s, Mexico was a nice place to visit for a vacation; not any more, in light of the fact that the drug cartels have taken over the country.

May 10 07:54

Catherine Austin Fitts: Get Rid of Debt Crime & War, They're Trying to Centralize Control

Financial expert Catherine Austin Fitts says the elite are trying to shrink the pie to centralize control. It doesn't have to be that way. There are lots of ways to grow the pie, and one way is with new technology.

May 10 07:15

How Higher Education Became an Obscenely Profitable Racket That Enriches the Few at the Expense of the Many (Student Debt-Serfs)

Student loan lenders are skimming tens of billions in profits guaranteed by the taxpayers.

May 10 07:06

EXPOSED: The 140 shock orders EU is demanding Greece to adhere to for a bailout deal

A SHOCK document has been released revealing the 140 EU orders Greece must obey before the release of the next instalment of its multi-billion-dollar bailout.

The extensive list of austerity measures, including crippling pension cuts and major tax rises, could devastate the stricken Mediterranean country already on its knees as it is scrambles to meet strict requirements.

May 10 05:47

Central Banks Prep For The Collpase By Shifting The Narrative

Home Capital Bank is trouble and bank runs are accelerating. Commercial loan delinquencies are rising again. The student loan system is not working, there has been a hold on those who defaulted and these individuals are receiving interest and penalties while an investigation is underway.

May 09 15:34

Is Canada The Next Hot Money Victim?

May 09 15:05

Why crude oil is likely headed lower

May 09 14:55

Big Banks Considering Moving 9,000 Jobs Out Of UK

A number of major banks operating in London are planning to move some 9,000 jobs out of the UK as the country prepares to leave the European Union, a new report has revealed.

May 09 14:21

Consumers Slash Spending Growth Expectations to Lowest Level in Fed’s Data

Something embarrassing is happening to the wallet.

May 09 14:10

Why Central Banks & Buying Equities

May 09 13:49

Best Buy Is the Worst Buy

May 09 11:12

Tunnel at plutonium uranium extraction plant collapses in Hanford

Webmaster's Commentary: 

More critical infrastructure collapsing; what is the state of other government nuclear facilities in this country?!?

And remember how long it took for the Japanese government to actually confess that their reactor had gone critical?!? Look for precisely the same kind of behaviour from the officials at Hanford.

May 09 09:52

How Burger King revealed the hackability of voice assistants

the stunt may have done some good by highlighting how easy it is to hijack such devices.

May 09 09:27

WASHINGTON'S REAL MOTIVES IN NORTH KOREA AND AFGHANISTAN - PSYCHOLOGY, GEOPOLITICS & RARE EARTH METALS

In Geopolitics, and especially when dealing with countries that you are technically still at war with, credible threats, combined with shows of force are irresponsible provocations, that can easily spin out of control. Both sides are off the rails, which isn’t all that surprising if you really think about it. Kim Jong-Un and Donald J. Trump are operating at roughly the same intellectual and emotional maturity level. Their psychology is remarkably similar. They’re both thin skinned, manicured, bullies, who mask their insecurities with pretense and bluster; tiny minds who make themselves feel bigger by putting others down. And here they are playing chicken with the nuclear trigger; like they’re auditioning for a part in an Idiocracy prequel, or Team America Part II.

May 09 09:02

Silver Investment Case Remains Extremely Compelling

Are we near a turning point in silver’s relentless decline?
Avert your eyes – this is one ugly silver chart
Gold silver ratio at 75 shows real value of silver
Mining CEO explains why silver could reach $136.67
Buy silver low, sell high

May 09 08:39

"Boomerang Kids": Adult Millennials Returning Home Is Crushing Baby Boomer Budgets

We've noted several times in recent months that, despite the 'economic recovery', a record number of young 'adults' are moving back home with mom and dad after college and staying there well into their 30's.

Now, as confirmed by a recent study conducted by Fidelity and the Stanford Center on Longevity, the added stress of caring for all those 'adult' children is putting a severe emotional and financial strain on Baby Boomers with over 75% saying their adult children are cutting into their budgets and over 50% saying they're generally less happy about life.

May 09 02:16

Trump Sets The Stage For A Huge Gold Rally This Spring

One little-known junior explorer is grabbing attention for doing something that is virtually impossible: Landing a highly prospective and massive exploration concession that is almost always the purview of the major miners.

May 08 16:44

Negative interest-rates and QE have created a house price boom in Germany

A feature of these times is that is called easy monetary policy and this is particularly true in the Euro area.

May 08 15:13

Black Americans Still 30% Worse Off Than Whites – Equality Report

Overall prosperity for Black and Latino Americans still lags 20-30 percent behind whites, according to the National Urban League annual report. There were slight increases, however in education and healthcare but still less than for whites.

May 08 13:55

Where the Heck is the Macron-Victory Rally? Everything Is Fizzling.

It was a historic election in France: Emmanuel Macron will become the youngest president in French history, and the first one ever whose party “En Marche!” doesn’t have a single representative in the National Assembly, the lower house of parliament.

May 08 13:49

CENTRAL BANK MARKET RIGGING: Horrified About The Biggest Global Bank Run In History

The Fed and Central banks are manipulating the gold and silver price because they are horrified that the biggest global BANK RUN in history will take down the entire system. Unfortunately, a lot of investors are still being misled about the fundamentals of precious metals market manipulation. While the Fed and Central bank are indeed intervening in the gold and silver market, they are also propping up the majority of asset values across the board. This is especially true for most stocks, bonds and real estate.

May 08 13:40

Mining CEO explains why silver could reach $136.67

His remarks started off like dozens of presentations that I had heard so many times before. . .

“Without silver,” began the speaker, “our entire society would go back to the Stone Age.”

May 08 12:33

What About the Kids? Conversations on Parenting in Dark Times

For many of us, it is insanely difficult to wrap our hearts and minds around the prospects which lie ahead for humanity. The list of potential calamities is long and varied, and the scenarios that rise to the top of the ‘most probable today’ column shift all the time. Are we looking at full-blown nuclear war, or will it ‘just’ be Fukushima cesium making its way into our food and water?

May 08 11:58

What the Layoffs at Ford’s Medium-Duty Truck Plant Mean

Demand from businesses in the real economy is slumping.

May 08 10:55

Preview: The Coming Real Estate Trend and Turn?

Toronto is the 4th largest city in North America and anchors a greater metropolitan region of nine million -- more than a quarter of Canada's entire population. A city this size is an ideal candidate to preview real estate trends in Canada and in the United States.

May 08 10:47

Iconic Joe's Crab Shack to file for BANKRUPTCY

May 08 10:24

Central Banks Injected Trillions Into The Market To Prop It Up & It's Not Enough

The retail problem is not going away, more stores are closing and sales are dropping. Online sales are only 8% of retail sales. San Fran fed says the economy is at full employment and there is not reason that the Fed cannot raise rates in June.

May 08 09:57

Spain’s Government Presses Property-Bubble Rewind Button

Taxpayer-funded subsidies to benefit banks, real estate agencies, construction companies, PE firms, and landlords.

May 08 09:53

A decade-low unemployment rate? But at what price?

The Bureau of Labor Statistics announced the updated employment situation results on Friday, and what appears to be very positive at first sight (and based on the headlines) actually might not be as good as it seems.

May 08 09:47

When Your 'Country' Became A Fallacy

Since 1871 the United States president and the United States Congress have been playing politics under a different set of policies and rules.

May 08 09:36

The Fed Confirms, Next Economic Crisis Massive Stimulus Planned

Home Capital used up 1 billion of its 2 billion life line. Within a week the other billion will be gone. Manipulated unemployment numbers show the unemployment rate at 4.4% Auto and student loans hit an all time high of 2.6 trillion dollars.

May 08 09:30

Healthcare Reform Solves Nothing... It's The Debt, Stupid!

For now, the market remains in a bullish trend which keeps portfolios allocated on the long-side. Outside of small tweaks and close monitoring, nothing has occurred, yet, which would warrant more drastic movements within the allocation model. However, we have reached a point in the market cycle where the “risk” of remaining heavily invested in the market far outweighs the potential “reward.”

May 08 09:29

Commercial Real Estate Loan Delinquencies Rise Again

There is a slow creep in delinquent credit that is starting to get noticed. The special-servicing and delinquency rates for securitized commercial mortgages rose again last month, Commercial Mortgage Alert first reported. While the rise was reasonably contained, it is the trend of commercial underperformance that is causing a mild degree of concern. The data on Commercial Real Estate comes as investors are closely watching the prospects for retail malls across the country.

May 08 09:29

Wal Mart Free-For-All A Taste Of Things To Come? These Maps Show Us American 'Danger Zones' When SHTF

In the new story over at Survival Dan called "During The Collapse: Where To Go And What Places To Avoid", he reports that when IT hits the fan, America's 'population hubs' will likely explode with violence, looting and the total breakdown of law and order as resources become next to impossible to get and the masses suddenly realize the government isn't coming to save them.

Whether that be via total collapse, WW3 coming home to roost upon US soil or a 'grid event' that leaves tens to hundreds of millions either without power or access to the money in their bank accounts, the video directly below from a Wal Mart in Mexico gives us a very small taste of what that world without law and order can quickly devolve into.

May 08 09:04

GDXJ MASSACRE: Forced Selling Creating EPIC Opportunities — Eric Sprott & Keith Neumeyer

The demand for junior precious metals mining company stocks is soaring, and as a result VanEck's GDXJ is being forced by stringent regulations into rebalancing - forced selling to reduce positions that have become too large, which is creating tremendous opportunities.

May 08 08:33

Macron's "Victory For The World" Sparks $300 Million Panic-Dump In Gold Futures

Macron's win in the French presidential election has left capital markets with a whole lot of nothing...

May 08 08:31

Puerto Ricans Face ‘Sacrifice Everywhere’ on an Insolvent Island

Angel González, a retired schoolteacher facing a 10 percent cut to his pension, is beginning to wonder whether his three-person household will have to cut back to one cellphone and take turns using it.

Santiago Domenech, a general contractor with $2 million of his savings tied up in bonds Puerto Rico just defaulted on, once had 450 employees. Now he has eight. His father-in-law, Alfredo Torres, owns Puerto Rico’s oldest bookstore, but it has been going downhill for two years.

“The government is bankrupt,” said Bernardo Rivera, 75, a private bus driver who sometimes earns only $40 all day. “Everyone is bankrupt. There is nothing left. People who do not have jobs do not take the bus to work.”

Webmaster's Commentary: 

May 08 08:03

The World Is Waking Up Which Will Dethrone The Dollar As The Reserve Currency:Rob Kirby

May 08 07:59

War And Empire: The American Way Of Life

In the aftermath of Saddam Hussein’s 1991 attempt to annex Kuwait the U.S. deliberately destroyed much of Iraq’s water and sewer infrastructure.

The Pentagon even admitted on its website that these acts would lead to mass outbreaks of disease. These were certifiable war crimes under international law. After Saddam’s defeat the U.S. also imposed widespread sanctions on his regime that included preventing necessary medicines from reaching Iraq. Hundreds of thousands of Iraqi citizens perished as a result. In an infamous interview in 1996 Madeleine Albright, then the Secretary of State, was asked to justify the deaths of 500,000 children. She defended these atrocities by saying “I think this is a very hard choice but we think the price is worth it.” Twenty-one years have elapsed since Albright uttered her rationalization of this vicious barbarity and it has been virtually “disappeared” from the collective memory of Americans. But it is far from being the only one.

May 08 07:54

Gold Coins, Bars In Demand – +9% In Q1, 2017

Uncertainty in Europe increased demand for gold investment products in the first quarter of the year, according to the World Gold Council’s Gold Demand Trends Q1, 2017 report.

Across the globe a mixture of festivities and renewed safe haven buying saw demand for gold bars and coins climb by 9%.

May 08 07:49

REALIST NEWS - System To Collect Defaulted Student Loans Is No Longer Functioning

May 08 06:54

Obama Shows Why Wall Street Has Two Parties And We Have None

Webmaster's Commentary: 

The truth be told, the American people have utterly no representation in government, whatsoever; just the major corporations which own politicians through political contributions, and that is just a fact of life Americans need to understand.

May 08 06:38

WHAT'S KILLING THE MIDDLE CLASS?

The rising asymmetry of rewards within our economy has many drivers.

We all know the middle class that actually owns capital and wields political influence is shrinking. As I noted last week in Redefining the Middle Class: It Isn't What You Earn and Owe, It's What You Own That Generates Income, defining the middle class by household income alone is a misleading metric, as it leaves out the critical factors of debt and ownership of productive assets.

A household may have an income of $150,000 and appear well-off by that metric, but if they are mired in debt and own virtually no productive assets or wealth that can be passed on to future generations, they aren't middle class--they're well-paid proletariats.

So what's killing the middle class? If you read the dozens of articles on the decline of the middle class in the mainstream (corporate) media, you soon discover there's a short list of the usual suspects:

1. Globalization / outsourcing

May 07 16:54

Former Reagan Administration Official Is Warning Of A Financial Collapse Some Time ‘Between August And November’

If a former Reagan administration official is correct, we are likely to see the next major financial collapse by the end of 2017. According to Wikipedia, David Stockman “is an author, former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.”

May 07 14:27

Swiss National Bank Buys Stocks

May 07 14:10

Harry Dent Is Right About One Thing!

When I awoke this morning, I debated scripting this week’s second Audioblog – as I have a lot to say, about a great many topics. However, given that I have as much to show you, as tell you, I decided to write instead. Thus, today’s article will be a bit longer than usual. But I assure you, it will be well worth your time.

May 07 11:34

Global Economic Disaster, Dead Ahead!

May 07 10:35

California Wants To Tax Space Flights... By Miles Traveled

It appears that California's politicians & regulators spend all their time trying to figure out how to tax something new. They will never reform, it’s always give me more.

They want to tax space travel per mile and claim 62 miles above California belongs to the State. Sooner or later, they will want a tax from all satellites that just pass by their state once a day.

The space launches are taking place from Vandenberg Air Force Base, in Santa Barbara.

Any company should look for prosperity in Texas or Florida and forget California.

The state is beyond help at this stage.

Webmaster's Commentary: 

As a native California, I know I could never go back there to live; unfortunately, the state has, collectively, lost its mind.

May 07 08:38

Putin ‘orders Gazprom to start laying pipes along Turkish Stream’s sea route’

Gazprom will be ready to start laying pipes on the Turkish Stream offshore section in several days, the company’s CEO Alexei Miller told Russian President Vladimir Putin on May 4, as Russia’s TASS reported.

Putin has ordered Gazprom to start laying pipes on sea stretch of Turkish Stream pipeline.

“We will be ready to start laying the Turkish Stream gas pipeline in several days,” Miller said, as quoted by the Russian news agency.

The Turkish Stream natural gas pipeline project agreement between Turkey and Russia was signed on Oct. 10, 2016, and ratified by Russian President Vladimir Putin on Feb. 7.

The project, which was announced by Putin during a 2014 visit to Turkey, is set to carry gas from Russia under the Black Sea to Turkey’s Thrace region.

One line, with 15.75 billion cubic meters of capacity, is expected to supply the Turkish market, while a second line will carry gas to Europe.

Webmaster's Commentary: 

This is a big deal, in light of the US government's objections against such a pipeline, because of how it will benefit Russia, economically, particularly in light of the natural gas which will be sold to Russia.

May 07 07:56

David Stockman- Fiscal Bloodbath Coming this Fall, This Is The Biggest Bond Bubble Ever—Buy Gold

Former White House Budget Director David Stockman is sounding the alarm and says, “The main thing is get out of the markets. These markets are unstable. They’re rigged, and there is no reason to own stock at this point of the game. It is so overvalued.

May 07 07:56

Waiter and Bartender jobs surge in the Land of the Free

The headline in the New York Times today read “U.S. Job Growth Bounces Back; Unemployment at 10-Year Low”.

That’s certainly one way of looking at it.

May 07 07:54

RFK JR.’S TUCKER CARLSON INTERVIEW PROMOTES HEALTHY DEBATE ABOUT VACCINE SAFETY

By Robert J. Krakow of Law Office of Robert J. Krakow, P.C.

To the Daily Kos Blog:

In response to the article you published: Robert F Kennedy, Jr and vaccines – why real journalists don’t interview him”

Dorit Reiss misses the point on vaccine manufacturer immunity.

Webmaster's Commentary: 

These points are very important for caring, thinking parents to understand.

And if you have not seen it, buy or rent, on TV, the documentary "Vaxxed". It bears powerful witness to the reality that the CDC played fast and loose with the facts about data they had on children getting injured from vaccinations, and cherry picked the statistics they used in their documentation, which conveniently ignored data which might be shown as "devastating harmful" to the health and welfare of children's lives.

It is absolutely worth seeing, and Mike and I encourage people to see it.

May 07 07:28

Global Collapse: Children Are Literally Starving To Death In Venezuela And Yemen

Venezuela and Yemen were both once very prosperous nations, but now parents are literally watching their children starve to death as the economies of both nations continue to utterly collapse.

May 06 18:04

House price CRASH: Top London home values plunge lower in April

Values of the capital's high-end homes tumbled by 6.6 per cent in the year to April - the near fastest plunge since the financial crisis - showed research by Knight Frank.

Suburbs favoured by the some of the world's richest people, such as Kensington and Chelsea have seen values tumble by more than 10 per cent from their post-recession peaks.

Overall, the number of exchanges in so-called prime central London sank by 11 per cent year on year in the first quarter of 2017, said Knight Frank.

The lettings market has also taken a hit, falling another 0.2 per cent in April, meaning rents are down 0.7 per cent in the three months to April and 4.7 per cent year on year.

May 06 16:46

Hemp Decriminalized in Washington, But Opposition Remains Strong

By Michael Maharrey

A bill recently signed by Washington Gov. Gov. Jay Inslee removed industrial hemp from the states controlled substance list, authorizing hemp production despite federal prohibition. But at least one state agency refuses to go down without a fight and essentially wants to help attorney general Jeff Sessions wage his war on cannabis...

May 06 12:54

Is This The Beginning Of A Nightmare That Will Rob Us Blind? Healthcare Company Empties Bank Accounts.

Prepare yourself to read about a nightmare that most likely many of us have had, including myself.

May 06 11:50

Great Again? April Hiring Picks Up After Dismal First Quarter

Hiring increased in April, encouraging signs that the economy is rebounding after a slogging first quarter. Strong gains in business services and healthcare have helped the economy expand into the Spring months of 2017.

May 06 10:17

Gold And Silver – Asylum Globalists Still Prevail

Usually, we endeavor to tie in our commentaries to gold and silver, sometimes straining the association, but in reality, there is much more affecting the price of PMs than meets the obvious. There can be no question that the globalists running the federal government of the United States have been actively suppressing the price of gold directly since 1933,

May 06 08:45

US Student, Auto Loans Hit New All Time High Of $2.6 Trillion

One month after we, and every other financial media, reported that US credit card debt had risen back over $1 trillion for the first time since January 2017, the Fed demonstrated just how meaningless such reports are when in its latest consumer credit report it revised the total stock of revolving debt back under $1 trillion for the month of March, while boosting December's amount to $1,000.1 billion, meaning that all those "$1 trillion in credit card" debt headlines were about 4 months late.

May 06 08:44

German Investors Dumping Italian Bonds: Italy Increasingly Dependent on ECB, Target2 Capital Flight Revisited

Italy is increasingly dependent on the ECB to hold down bond yields as foreign investors dump Italian bonds like mad.

May 06 08:39

C919 jet set for maiden flight, in test of China's aviation ambitions

China's home-grown C919 passenger jet is set to take to the skies on its long-delayed maiden flight on Friday, a major step for Beijing as it looks to boost its profile in the global aviation market.

May 05 13:08

The Economy Is Rolling Over Which Will Result In A Catastrophe

Jobless claims crash to multi year lows, and if we look back in time every time jobless claims fall like this we entered a recession. Apple says manufacturing is coming back to the US, but its not what you think. Core factory order tumble and industrial production collapses.

May 05 13:06

Experts Predict : The Imminent Economic Collapse ~ China Debt Bubble Out Of Control ~ Things You Should Do To Prepare

Today, millions of Americans say that they believe that the United States is on the verge of a major economic collapse and will soon be entering another big stock market crash and Great Depression.

May 05 11:56

Recession Dead Ahead

It is a still-unperfected composite of the many signs of trouble.

As the signs of trouble increase, so does the likelihood of the next crisis.

One of the major components is the rate at which banks make new loans.

As you know, we gave up real, gold-backed money in 1971. Since then, credit is what drives the economy. It is no longer an economy that produces and consumes wealth; instead, it produces and consumes credit, which leads to higher and higher levels of debt.

May 05 11:31

Dear Economists: Why Can’t You Predict A Recession?

It is extremely difficult for economists, bankers, and political figureheads to predict a recession due to the sheer volatility of the US and global economy. It kind of puts a damper on my spirits because I’m currently studying economics in university with the hopes of someday even becoming an economist.

May 05 11:28

Bitcoin Surpasses $1,500 For The First Time

The world’s most popular cryptocurrency continues to set historic highs this week. Bitcoin cracked the $1500 barrier on Thursday.

Bitcoin was trading at $1,515 against the US dollar at 2:00pm GMT, retreating from the day’s high of $1,544.43, according to the CoinDesk price index. The digital currency has gained more than 32 percent during the past two weeks.

May 05 11:05

China FinMin Unexpectedly Skips Asian Trade Summit To Attend "Emergency Meeting"

Coming a time when traders and analysts are looking with growing concerns toward Beijing, riddled by deja vu memories of the China-induced near-bear market of 2016 when in a similar episode China's credit impulse tumbled - something which even Pimco highlighted earlier this week, when it reposted a chart first shown here in February...

... worries that not all may be well in China - for the second time in two years - grew this morning after the country's Finance Minister, Xiao Jie, unexpectedly skipped a summit conference with his Japanese and South Korean peers on Friday to attend an "emergency domestic meeting", a senior Japanese finance ministry official said quoted by Reuters. The official told reporters during a ministry press briefing that Xiao's absence was not related to any diplomatic matters, adding that Xiao was expected to attend the Japan-China finance dialogue in Japan scheduled for Saturday. He did not elaborate on the nature of the minister's emergency meeting.

Webmaster's Commentary: 

I have to wonder if this reflects a genuine economic problem for China; economic sabotage against it; or perhaps that sickening, sure and certain knowledge that those in the American Deep State are contemplating a first-strike nuclear assault against it, and that is why the THAAD system has been deployed in South Korea?!?

May 05 11:04

iHEARTRADIO ON THE VERGE OF COLLAPSE…

May 05 10:41

Farewell to London pubs? They're closing at an unprecedented rate

On a recent weekday just before noon, Michael and Linda Norris turned on the lights and unlocked the front door to their London pub, just as they've been doing for the past 34 years.

Across the street from a leafy park in the borough of Southwark, the China Hall Public House attracts rugby players after weeknight matches. Shortly after opening on this day, they welcomed a familiar face, Patrick Ford, a patron turned longtime friend.

"Obviously, all things take their progression, but this just seems to be unfair," Ford remarked.

Since the 1980s, Ford has stopped by for countless chats, but all the talk here has recently turned to the China Hall's impending closure.

"They want to bring the lease to a close and basically just want to get rid of us," Michael Norris explained.

May 05 09:59

Study Highlights Growing Significance Of Cryptocurrencies

By Craig Brierley, University of Cambridge

More than 3 million people (three times previous estimates) are estimated to be actively using cryptocurrencies like bitcoin, finds the first global cryptocurrency benchmarking study by the Cambridge Centre for Alternative Finance.

While many members of the general public may have heard of “bitcoin”, the first decentralised cryptocurrency launched in 2009, a new report from the Cambridge Centre for Alternative Finance (CCAF) paints a broader picture of “cryptocurrencies”...

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA