ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Nov 03 14:23

Gerald Celente Warns Of 2018 Recession: “We’ve Never Seen One Like This Before” - Mac Slavo

Trend forecaster Gerald Celente, who warned investors of the collapse of 2008 just weeks before the markets buckled, has issued a new recession warning for 2018 in his latest interview with Greg Hunter of USA Watchdog. But this time, says Celente, it’s going to be a different kind of scenario:

All the investment is at the top… and the top is the one that’s going to fall… and when they fall, the bottom will feel it but more psychologically than in their pocket… be cause it’s the “Bigs” that are going to fall…

Nov 03 14:21

Iran Urges Russia To Ditch The Dollar, Isolate America

Iran has suggested isolating the US by ditching the dollar during a meeting yesterday with Russian President Vladimir Putin in Tehran.

Remonstrating against US threats to impose new sanctions and cancel the nuclear agreement, Ayatollah Ali Khamenei branded the US an enemy and urged Moscow to completely sever ties with the US currency:

"By ignoring the negative propaganda of the enemies, that seek to weaken relations between countries, we can nullify US sanctions, using methods such as eliminating the dollar and replacing it with national currencies in transactions between two or more parties; thus, isolate the Americans.”
As The Express reports, Putin met Iranian political leaders in an effort to nurture a warming relationship strengthened since Donald Trump recently threatened to abandon the international nuclear deal with Iran reached in 2015.

Webmaster's Commentary: 

By one-handedly decertifying the P5+1 deal, President Trump is pushing Iran into the arms of Russia, at every level possible.

Nov 03 14:16

Record 95.4 Million Americans Are No Longer In The Labor Force As 968,000 Exit In One Month

In what was otherwise a mediocre jobs report, in which the establishment survey reported that a lower than expected 261K jobs were added to the post-Hurricane economy, the biggest surprise was not in the Establishment survey, but the household, where the unemployment rate tumbled once more, sliding to a new cycle low of 4.1%, for all the wrong reasons, because a quick look at the participation rate metrics showed that in October there was a sharp decline, with the labor force part. rate sliding from 63.1% to 62.7%, back to 4 decade lows...

Nov 03 14:10

US Launches First Airstrike Against ISIS Fighters In Somalia

The Pentagon’s gradually escalating combat mission in Somalia reached another important milestone Friday - one of many that have occurred since the inauguration of President Donald Trump - when the military revealed that it had carried out the first airstrikes against Islamic State-linked fighters in Somalia.

The news comes as ISIS forces in Syria were driven out of their last remaining patch of territory as Syrian Army forces retook the eastern city of Deir Ezzor, inspiring even anti-Assad pundits to marvel at the Army’s advance against seemingly insurmountable odds.

A US official told the Associated Press the strikes were carried out in northeastern Somalia, with the first around midnight local time and the second later in the morning. The official was not authorized to discuss the mission publicly so spoke on condition of anonymity.

Webmaster's Commentary: 

The US government is in Somalia for the same reasons it is occupying large swathes of real estate in so many other countries; to regime change the government toward a US/Western-centric stance; to expropriate natural resources to which the US government has absolutely no moral right; and to insure that those resources are sold only in US dollars, and to countries of which we approve.

No real surprise here.

Nov 03 14:04

6 CRAZY things Walmart does to stay union-free

Nov 03 13:32

A Currency War Will Escalate as China’s ‘Petro-Yuan’ Is Set to Challenge the U.S. Military-Backed ‘Petro-Dollar’

One quote that always crosses my mind regarding the decline of the U.S. dollar and the state of geopolitics associated with it, is by Gerald Celente, founder of the Trends Research Institute who said that “When all else fails, they take you to war.”

As the U.S. dollar continues to lose its status as the world’s premiere reserve currency, the reality of a world war seems inevitable, especially when major countries such as China, Russia and Iran are making strategic moves to bypass the U.S. dollar in favor of other currencies such as China’s ‘Petro-Yuan’. China has made the decision to price oil in their own currency the “Yuan” by a new gold-backed futures contract which will change the dynamics of the world’s economy. China is preparing to launch the petro-Yuan later this year that will eventually threaten the U.S. dollar as the world’s reserve currency.

Webmaster's Commentary: 

What Karl Marx said about all wars being economic in origin seems to cast a profound shadow on this country 21st century, with so many countries on the US government's and military's "hit list", in terms of regime changing them, and forcing them back to using the US petrodollar.

Nov 03 13:02

Defense Department: The War On Terror Has Cost $250 Million A Day For 16 Years

American taxpayers have spent $1.46 trillion on wars abroad since September 11, 2001.

The Department of Defense periodically releases a “cost of war” report. The newly released version, obtained by the Federation of American Scientists Secrecy News blog, covers the time from the September 11th terrorist attacks through mid-2017.

The Afghanistan War from 2001 to 2014 and Iraq War from 2003 to 2011 account for the bulk of expenses: more than $1.3 trillion. The continuing presence in Afghanistan and aerial anti-ISIS operations in Iraq and Syria since 2014 have cost a combined $120 billion.

Webmaster's Commentary: 

This is an utterly insanely astronomical number!!!

Nov 03 09:53

BREXIT BOMBSHELL: Germany's EU bill to soar as Merkel counts cost of life without UK

A bombshell report has revealed Angela Merkel’s nation will have to increase funding to around a third - from €15 billion in 2015 to around €20 billion once the UK leaves.

Nov 03 09:46

Record 95.4 Million Americans Are No Longer In The Labor Force As 968,000 Exit In One Month

There was something troubling in the October jobs report: the number of people exiting the labor force soared by a near record 968,000 in October, sending the total number not in the labor force to a record 95.385 million.

Nov 03 08:20

How the DPRK riddle is freaking out the US establishment

China and Russia to provide US option to resolve DPRK.

Asia-Pacific is where the real action is – geopolitically and geoeconomically.

The 19th Party Congress has made it very clear that “socialism with Chinese characteristics” – as codified by President Xi Jinping – is China’s road map ahead.

Nov 03 07:14

Get Ready for the “Crack-Up Boom”

Nov 03 06:56

Fitbit health alert: You appear to be bleeding

Fitbit's year-on-year losses grew fivefold to $113.4m compared to a year ago, with sales of 3.6 million devices in the quarter, 7 per cent up from the previous quarter. The firm admitted it had been a "difficult year" as the fitness band craze diminished, with sales down considerably compared to the same period of 2016.

Nov 03 03:14

“Remember To Come Back In November”

Nov 03 01:23

DoD: Cost of War Post-9/11 Exceeds $1.4 Trillion

The Department of Defense has spent more than $1.46 trillion for direct war-related costs since September 11, 2001, according to the latest Pentagon tabulation of war costs obtained by Secrecy News.

The 74-page DoD report provides extensive and detailed reporting on war-related appropriations and expenditures. See Cost of War Update as of June 30, 2017. https://fas.org/man/eprint/cow/201706.pdf

Some previous iterations of the cost of war report can be found here. https://fas.org/man/eprint/cow/index.html

The current total includes $83 billion in classified spending, the new DoD report https://fas.org/man/eprint/cow/201706.pdf <?small> said. But it does not include “non-DoD classified programs” such as those conducted by the Central Intelligence Agency.

Nov 02 16:11

World on a KNIFE EDGE: Iran asks Vladimir Putin to ELIMINATE US dollar and isolate America

IRAN’S supreme leader has urged Russian president Vladimir Putin to join forces with Tehran to beat the United States’ sanctions against them by ditching the dollar.

Ayatollah Ali Khamenei branded the US an enemy and urged Moscow to completely sever ties with the US currency.

Mr Khamenei said: "By ignoring the negative propaganda of the enemies, that seek to weaken relations between countries, we can nullify US sanctions, using methods such as eliminating the dollar and replacing it with national currencies in transactions between two or more parties; thus, isolate the Americans.”

Nov 02 15:29

Millennial Men Choose Video Games Over Jobs

Nov 02 12:51

Invest In Gold To Defend Against Bail-ins

Nov 02 12:27

Is Stock Rally Getting Too Thin?

Nov 02 10:19

How the DPRK riddle is freaking out the US establishment

The 19th Party Congress has made it very clear that “socialism with Chinese characteristics” – as codified by President Xi Jinping – is China’s road map ahead. Not only the strategy graphically eschews those much-lauded “Western values”; it will, in Xi’s own words, offer “a new option for other countries and nations who want to speed up their development while preserving their independence.”

Xinhua even dared to venture, “the 21st century is likely to see capitalism lose its appeal while the socialist movement, led by China, rapidly catches up”.

To say this won’t go down very well in the West, especially in the US, may be the understatement of the century – even considering that the Chinese system is more like “neoliberalism with Chinese characteristics.”

Nov 02 10:13

What's Driving Social Discord: Russian Social Media Meddling Or Soaring Wealth/Power Inequality?

Core to this narrative is the view that the elites and technocrats have engaged in a massive, coordinated official/media propaganda campaign of fake news aimed at persuading the bottom 95% that their prosperity and financial security are expanding when the reality is they have lost ground they will never be able to recover.

This propaganda campaign includes official (i.e. gamed/distorted) statistics such as unemployment and inflation, a reliance on the manipulated stock market to "signal widespread prosperity" and a steady drumbeat of corporate media coverage promoting the Boris and Natasha Narrative as the primary source of all our troubles.

The reality the elites must mask is that the few (the elites) have benefited at the expense of the many. The rising tide of financialization, globalization and neofeudal-neocolonial neoliberalism has not raised all boats; the yachts have floated higher while the rowboats have either sunk or are leaking badly.

Nov 02 10:12

"This Is Absolutely Crazy": Obamacare Signups Start As Americans Increasingly Balk At Surging Premiums

After years of surging premiums and deductibles, will 2018 finally be the year that America's middle class throws in the towel and brings the whole scheme crashing down?

While we won't know the answer to that question for at least a couple of months, one thing is certain...if it happens it will most definitely be the result of the Trump administration's efforts to undermine the legislation and not the culmination of years of soaring costs that has rendered healthcare unaffordable for most American families. Well, at least that's the The Wall Street Journal's assessment of the situation:

Nov 02 09:13

Ayatollah Khamenei suggests elimination of US Dollar in Iran-Russia economic transaction

Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei on Wednesday suggested that Iran and Russia can use national currencies as a way to confront economic sanctions imposed by the US against Tehran and Moscow.

Nov 02 07:37

Why Medieval Cats Approved of the Plague

From the 12th century onward there were two distinct attitudes to cats. For many people the cat population operated as important rodent-controllers, and every so often a cat would go beyond being a mere working animal and become a welcome pet inside the house. Working cats and house cats were always popular, but now a negative attitude began to run alongside the friendly one. For some people, the cat was now seen as an evil animal, in league with the Devil. For them, the cat needed to be persecuted if Satan and his followers were to be defeated.

In the following century Pope Gregory IX added his voice to the campaign against the evil cat. He was intent on stamping out a sect of Devil-worshippers in Germany who involved black cats in their rituals.
Webmaster addition: This is what allowed the rats whose fleas carryied the Black Plague to run rampant across Europe.

Nov 02 07:06

ISRAELI COMPANIES IN TALKS TO INVEST IN SAUDI ARABIA’S “SMART CITY”

Several Israeli companies are in talks with the Public Investment Fund of Saudi Arabia about business opportunities in the Kingdom’s new “smart city”, according to documents obtained by the Jerusalem Post.

The Israeli daily claims to have seen correspondence confirming economic cooperation between Arab diplomats and businessmen in Tel Aviv; Israeli firms will reportedly be competing under the table for billion-dollar contracts from the Saudi government.

“The Saudis are not so willing to cooperate with the Israelis formally, but … it’s much easier to create all kinds of cooperation on water, energy, ag-tech, food tech. This is the stuff that the prince of Saudi Arabia [Mohammed Bin Salman] wants to promote in the smart city,” said a source in Israeli venture capital who is familiar with the project.

Webmaster's Commentary: 

Looks as though there will be a lot of money to be made in this Smart City concept.

Nov 02 02:34

Petro-yuan vs. Petrodollar

Nov 01 19:13

The ‘Death of Retail’ rolls on…

Nov 01 14:24

McCain Says “We Must Fight Crackpot Conspiracy Theories” Despite Promoting The Biggest One: A New World Order

By Aaron Kesel

Senator John McCain (R-Arizona) urged fighting “crackpot conspiracy theories” during a speech on Monday night despite for years being one of those people who pushes one of those theories: the creation of a world government, or a New World Order.

“We have to fight against propaganda and crackpot conspiracy theories. We have to fight isolationism, protectionism and nativism. We have to defeat those who would worsen our divisions,” McCain said at the Brigade of Midshipmen at the United States Naval Academy in Annapolis, Md., The Hill reported...

Nov 01 11:22

Cost of US Nuclear Arsenal Rehaul Continues to Surge, Now Estimated at $1.2 Trillion

For years, US officials have been talking up the importance of a massive rehaul of the American nuclear weapons arsenal, insisting it is necessary despite the substantial expense. Analysts have long warned the estimated costs were underrated.

Every time the Congressional Budget Office (CBO) looks into the matter, they come up with an even higher estimated cost than the last time. The latest report to Congress has put the overall cost at in excess of $1.2 trillion over 30 years.

The CBO was unusually frank about this cost, saying it is “unlikely to be affordable” without military cuts elsewhere. Since the US is fighting multiple wars constantly, cuts in military spending tend not to happen.

Webmaster's Commentary: 

As long as we have one homeless Vet, sleeping rough in our streets; our infrastructure crumbling; and our alleged education system producing consistently sub-standard results, this program is way to expensive at any cost!!

Nov 01 10:54

Why does Catalonia want to quit Spain? It’s the economy, stupid

Catalans blame Madrid for their economic malaise. But the real culprits are in Brussels, Frankfurt, and Berlin. This disconnect is poised to fuel more regional separatism in Europe.

Nov 01 10:53

Russia & China to extend currency swap agreement to lessen dollar dependence

Economic cooperation between Russia and China has been actively developing according to Russian Deputy Prime Minister Sergei Prikhodko. He says the sides are working to prolong the bilateral currency swap agreement.

Webmaster's Commentary: 

"You can't DO that!!!" -- Official White Horse Souse

Nov 01 10:36

Caught On Video: This Is All That's Left Of Sears Canada

On October 11, we reported that the now defunct Sears Canada announced plans to liquidate its remaining 150 stores instead of restructuring, the latest admission of brick and mortar defeat in the war with Amazon, with the result some 12,000 job losses in the coming weeks. The Canadian version of Sears is the latest victim of department-store decline that’s swept North America as shoppers gravitate online. While the retailer has dabbled in pop-up stores and e-commerce, its distribution centers aren’t as automated as Amazon.com Inc. or even Canadian peer Hudson’s Bay Co., which last year opened its own robotic facility to accelerate online orders.

Nov 01 10:22

Smallest home in Los Angeles:  264 square foot studio selling for $550,000 highlights collective insanity.

People have once again lost their collective marbles when it comes to real estate. There is now a massive trend with momentum for non-stop housing appreciation. In other words, our housing bubble sins are now fully washed away making way for more aggressive risk taking. I’ve been traveling and seeing real estate from many different locations and thanks to ubiquitous sites like Zillow, virtually every large metro area is seeing massive housing appreciation detached from income growth and people are tracking real estate down like starving hyenas after an injured wildebeest. We are now in a market where potential buyers are in a panic to buy for no other reason beyond they feel they will miss the boat yet again. Today we highlight what is probably the smallest home we have ever featured on the site.

Nov 01 10:17

Fake gold not ours, mint says

"Counterfeiting of Royal Canadian Mint products is extremely rare and this is an isolated case," the statement continued. "We take suspicion of counterfeit seriously and work with law enforcement to support their investigations."

Webmaster's Commentary: 

The claim that this is an isolated case is nonsense. If indeed the packaging is not from the mint, then someone went to a great deal of trouble to counterfeit not only the gold wafer but the packaging. Nobody does that for just one or two fake items, but thousands.

Nov 01 09:43

I Suppose I'm Just Being An Alarmist!

Oct 31 15:52

Goldman: "Short-Term Unemployment Is At Levels Not Seen Outside Of Major Wartime Mobilizations"

When it comes to the US labor market, it's a tale of two extremes according to a recent report by Goldman Sachs.

At one end, the rate of short-term unemployment, defined as those unemployed fewer than 15 weeks, is lower than at any point since the Korean War and is already 0.4% below the bottom reached in the late 90s boom, with half of the gap likely due to demographic change. According to Goldman economists, "from the perspective of workers transitioning briefly between jobs whose attachment to employment is high, this is already a very tight labor market."

At the other end, the pool of struggling workers at the margins of the labor market remains larger than in past expansions. In particular, the rate of medium- to long-term unemployment, defined as those unemployed at least 15 weeks, remains 0.75% higher than the low reached in the late 90s boom, and almost none of that gap is attributable to demographic change.

Oct 31 09:40

Don't mention it! Russia pardons $1 billion of Venezuela's debt for 2017

Russia will not demand Venezuela repay its owed debt in the amount of $ 1 billion for 2017 alone, said the head of Russia's Minister of Finance Anton Siluanov.

Thus, Moscow continues to support Caracas and the Maduro led government. At the same time, there is no coherent reason to demand a return of the money from Venezuela, due to the severe economic and social crisis in the country, accompanied by a currency deficit, would not allow it to be payed off.

Oct 31 08:58

Stumbling UK Economy Shows Importance of Gold

This week markets will be watching the UK with baited breath as the Monetary Policy Committee meets this Thursday to discuss a potential rate rise.

Expectations of a rise have increased to 80% in the last week. If the Bank of England does raise rates it will be for the first time in a decade. It is unlikely to be a dramatic increase though, probably a rise of 25 basis points to reverse the emergency rate cut which followed the Brexit vote.

Should the UK decide to raise rates this will likely boost confidence somewhat in the economy. However any increase in positivity regarding the UK will be short lived once markets realise it will take more than a small rate rise to get the country out of the huge red hole it is currently digging its way into.

Oct 31 08:11

JFK Jr. Told The World Who Murdered His Father – But Nobody Was Paying Attention

“As President, John F. Kennedy understood the predatory nature of private central banking. He understood why Andrew fought so hard to end the Second Bank of the United States. So Kennedy wrote and signed Executive Order 11110 which ordered the US Treasury to issue a new public currency, the United States Note.

Kennedy was working with President Soekarno of Indonesia who was at that time the signatory for the Global Collateral Accounts which were intended to be used for humanitarian purposes but which were subverted at the time of the Bretton-Woods agreement at the end of WWII.

The intention of Kennedy and Soekarno was to end the reign of the globalist privately owned central banking system – which is the main reason that Kennedy was killed, and for his part Soekarno remained under house arrest for the rest of his life.” From: All Wars Are Bankers’ Wars

Oct 31 01:06

37 Percent Rate Increase In 2018??? Obamacare Is Imploding And It Must Be Repealed Now!

Are you ready to pay 37 percent more for health insurance in 2018? Obamacare is imploding faster than most of us imagined, and these rate increases are absolutely killing hard working middle class families all across the country. I wrote about the steady erosion of the middle class yesterday, and health insurance is one of the main reasons why the cost of living is increasing at a much faster rate than our paychecks are. It greatly frustrates me that we have given the Republicans control of the White House, the Senate and the House of Representatives and Obamacare still has not been repealed. The truth is that should have happened on day one of the Trump presidency.

Oct 31 01:02

What Could Pop The Everything Bubble?

The policy of creating trillions in new currency and buying trillions in assets has inflated an everything bubble, a bubble in all the asset classes being supported or purchased by central banks and their proxies. Many observers wonder what, if anything, could pop the everything bubble.

Oct 30 15:00

FLASHBACK - Clintons and Federal Reserve stole Fort Knox gold

In October of 2009 China received a shipment of gold bars from the United States Department of the Treasury Bullion Depository in Fort Knox. The gold is regularly exchanged between countries to pay debts and to settle the balance of trade. Most gold is exchanged and stored in vaults under the supervision of a special organization based in London, the London Bullion Market Association (or LBMA). When the shipment was received, the Chinese government ordered special tests be performed to guarantee the purity and weight of the gold bars as China is the largest foreign holder of US Treasury securities. Chinese officials were shocked to learn that the bars were fake. The gold shipment contained a tungsten core with a thin coating of real gold. These tested gold bars originated in the US and had been stored in Fort Knox for years.

Oct 30 14:59

Kim Jong-un Orders All N.Korean Workers Out of China

Oct 30 13:28

US quietly sanctions China over North Korean missile launchers

This October, the US government for the first time imposed economic sanctions on a Chinese company for providing vehicles for transfer North Korean road-mobile missiles.

The Treasury Department’s little noticed October 13 announcement of sanctions on the Wuhan Sanjiang Import and Export Co. Ltd., focused on the company’s sale of equipment to Iran, however. It only mentions the launcher transfers in passing – a symptom of Washington’s aversion to calling out Beijing on its covert support for the regime in North Korea.

Oct 30 10:37

J.C. Penney Is on Its Deathbed

Oct 30 09:09

Living in a Car on $800 a Month

Trillions to kill people and nothing for Americans. The USA is a failed state.

Today we meet Dee, who is living in her car on $800 a month. She tried renting an apartment but found it impossible. After paying rent, she had so little money left over her quality of life was tragically low. But, by living in her car, all that money is available for her to live and thrive on so she isn't just surviving and enduring life. She's done a brilliant job of making the car livable by taking out some seats, let's see how...

Oct 30 08:41

Royal Canadian Mint-stamped gold wafer appears to be fake

The Royal Canadian Mint is investigating how a sealed, "pure gold" wafer with proper mint stampings may in fact be a fake.

The one-ounce gold piece, which was supposed to be 99.99 per cent pure, was purchased by an Ottawa jeweller on Oct. 18 at a Royal Bank of Canada branch. Yet tests of the bar show it may contain no gold at all.

When neither the mint nor RBC would take the bar back, jeweller Samuel Tang contacted CBC news.

Oct 30 07:22

Putin’s revenge may see petro-yuan replace petrodollar

The key to the coming petro-yuan lies in Moscow. And, if the Chinese currency eventually succeeds in usurping the long-standing petrodollar, Washington will only have itself to blame.

News that China plans to launch a yuan-denominated oil futures contract by the end of this year has come as a surprise to many analysts. However, Russia experts aren’t startled in the slightest because this move has been coming since Moscow abandoned its quarter-century attempt to integrate with the West, following the 2014 Ukraine crisis. A catastrophe which the Kremlin blames on the United States and the European Union, as part of what it considers to be an attempt to reduce Russian influence in its "near abroad.”

Webmaster's Commentary: 

IF, in fact, the PetroYuan comes into being before the end of this year, expect a major, US-generated war to prevent it from coming into being.

President Trump leaves for a 12 day trip to Asia this coming Friday, 3 November; he should be back by the 15th of November. IF he is unable to get any assistance from China on North Korea, and no concessions on any delay in the development of this currency, we may will be looking at a trade war with China, which hots up to a an actual shooting war shortly after, say the first part of 2018.

I wish I could be more positive about the future outcome for this country; unfortunately, through a lousy combination of reckless spending, coupled with picking wars it could not possibly win, the Occupied, Unhinged,Surveilled State of America, has brought this outcome on itself.

The development of such a currency will spell the KOD (Kiss of Death) for the US petrodollar, which is backed by utterly nothing tangible.

Oct 30 06:27

DETAILS OF "SUSPICIOUS" MANAFORT WIRE TRANSFERS LEAKED FROM FBI PROBE

The FBI's investigation of Donald Trump's former campaign manager, Paul Manafort, includes a keen focus on a series of suspicious wire transfers in which offshore companies linked to Manafort moved more than $3 million all over the globe between 2012 and 2013.Much of the money came into the United States.

These transactions — which have not been previously reported — drew the attention of federal law enforcement officials as far back as 2012, when they began to examine wire transfers to determine if Manafort hid money from tax authorities or helped the Ukrainian regime close to Russian President Vladimir Putin launder some of the millions it plundered through corrupt dealings.

Webmaster's Commentary: 

Manafort was indicted as of today, and taken into federal custody by the FBI.

Paul Manafort Indicted, told to surrender to the FBI

But where, please, is Meuller's "alleged passion for justice" when it comes to Hillary and Bill Clinton's Uranium One Scandal??

When will Hillary be indicted for her role in the Uraniaum One scandal?!>

Oct 29 15:01

Global Debt of $63 Trillion

Oct 29 13:43

Gundlach Warns “The Order Of The Financial System Is About To Be Turned Upside Down”

“I’m not a big fan of bonds right now,” may seem like an odd way for the so-called Bond King to begin, but in an audience at Vanity Fair’s Establishment Summit, DoubleLine’s Jeff Gundlach told Bethany McLean, “I haven’t been really [a fan of bonds] for the past four years, even though I manage them, and institutions have to own them for various reasons.”

Oct 29 12:16

Amazon is now the size of a small country

Amazon's workforce is now larger than the population of dozens of small countries.

On Thursday, the e-commerce retailer revealed that it employed 541,900 people at the end of the third quarter. That's bigger than the populations of some 63 countries and territories around the world, including well known ones such as Iceland, the Bahamas, and Monaco. Belize, for example, has a population of just 347,369.

Oct 29 10:58

Visualizing $63 Trillion Of World Debt

Oct 29 09:33

If You Look Behind Neoliberal Economists, You’ll Discover the Rich: How Economic Theories Serve Big Business

Social classes have always embraced ideas and social philosophies. Not only to understand and interpret the real world, but most importantly to change it to their benefit. These theories (primarily in social science) have become beweaponed ideas called ideologies, as they are used to influence rather than to understand the human universe. Of course the two are related: the nature of our understanding, i.e. what we consider important and what we leave out from our theoretical framework, is called modelling.

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