ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Mar 13 06:05

WHEN I WAS A KID I NEVER GOT AN ALLOWANCE

(*but my friends did , on Saturdays , they'd head to the store and buy some candy , ciggeretts , balsa wood gliders , or yoyo's , tops , comic books , kid stuff .
I didn't get that welfare handout from my parents . I had to report to my battle station for provision maneuvers .
For cigarettes I would need cash , because they were behind the counter , and the attendant had to hand them to us , no ID necessary , so I would resort to propaganda , and say they were for my mom .
I'd have to breach the border of the parents room , go behind enemy lines , execute a preemptive attack on the cash draw , and loot the enemy's treasury for the obligatory $.27cents , as they were priced under the nations horrifying days of socialism .
For all other items, in the red zone of the store's floor , I would resort to the covert operation of shoplifting , up , under the shirt , up the sleeve , in the pocket , of my ill fitted PI (*PARENTAL ISSUED) uniform , moving quickly to confuse , while constantly scanning the perimeter for the enemy , the store dick .
If these facts , as alleged , are true , I actually was a better Role Model , for America's Youth , from A More Principled Nation , I MEAN FAMILY , then the welfare mooching , allowance grabbers , my , lesser then myself , communist , nazi , socialist , childhood , and adolescent friends were .)

Mar 13 03:49

We’re Overdosing on the Debt Opioid

Mar 12 15:17

Retirement Isn’t Happening

Mar 12 14:32

2 SmartWings Boeing 737 Max Diverting From EU Airspace - Report

The European Union's aviation safety regulator (EASA) closed on Tuesday the block's airspace for all Boeing 737 MAX flights following the deadly Ethiopian Airways crash.

Following the suspension of the 737 Max flights in the EU, the non-commercial aviation media outlet AIRLIVE reported Tuesday that among other flights two SmartWings Boeing 737 MAX aircraft were diverted from Prague airport.

Mar 12 13:45

David Morgan: US Consumers Are Tapped-Out

Mar 12 13:37

Chlorinated chicken? Eugh! (E1356)

In this episode of the Keiser Report, Max and Stacy discuss the post-Brexit reality: chlorinated chicken for everyone! As the UK braces for hormone-laden beef and chlorinated chicken products, Max and Stacy wonder if this isn’t a good metaphor for the monetary system, which has been injected with the growth hormone of quantitative easing. The Fed’s balance sheet is now as massive as a Franken-chicken is today. In the second half, Max interviews Mish Shedlock of MishTalk.com about the latest economic data from America, and whether or not lofty stock market valuations are warranted.

Check Keiser Report website for more: http://www.maxkeiser.com/

Mar 12 13:29

Southern Poverty Surpasses Half Billion in Assets; $121 Million Now OffshoreReports $518 million in total assets despite $21 million fall in donations

The SPLC's assets increased despite its total revenue falling by $15 million last year. The SPLC hauled in $136 million in total revenue throughout 2017. This number fell to $121 million in 2018. Its contributions and grants also fell by more than $20 million from 2017 to 2018, from $132 million to $111 million.

Despite the fall in revenue, the SPLC's vast investment portfolio expanded in 2018, which included a drastic increase in the amount of money it has parked overseas. By the end of 2018, its non-U.S. equity funds rose to $121 million, an uptick of nearly $30 million from the $92 million it had parked in offshore investments throughout 2017.

Webmaster's Commentary: 

Wow! That looks like some serious money SPLC has stashed away...

Mar 12 12:41

Boeing disaster: Countries that did & DID NOT ground 737 MAX 8 amid probe; BILLIONS at stake

Countries around the globe are grounding their Boeing 737 MAX 8 fleets, as the best-selling jet is under investigation after two deadly crashes in under five months. The US firm’s reputation and billions of dollars are at stake.

The 737 Max 8 operated by Ethiopian Airlines crashed six minutes after take-off on Sunday en route from Addis Ababa to Nairobi, killing all 157 people on board. The tragedy followed Indonesia's Lion Air 737 Max 8 crash in October that killed 189 passengers and crew.

The latest crash of the best-selling jet in the Boeing's 737 range might seriously challenge the unrivalled reputation of the aerospace giant. Despite the October crash the manufacturer could boast 5,011 firm orders from 79 customers for its 737 MAX 8 as of the end of January.

Mar 12 10:57

SYRIA READY FOR WAR TO REGAIN OIL-RICH GOLAN HEIGHTS

There is, however, a more practical and less ideological reason for annexing the Golan Heights—oil.

In early 2013, Israel granted the American corporation Genie Oil and Gas a permit to explore for oil and gas on a 153-square mile radius in the southern part of the Golan Heights. Genie Energy is advised by Dick Cheney and its shareholders include Jacob Rothschild and Rupert Murdoch.

Bestselling author and strategic risk consultant F. William Engdahl writes in Golan Heights, Israel, Oil and Trump:

Webmaster's Commentary: 

IF true, (and it concerns me that this story goes to a single source as reference, World Israeli News), the Middle East is about to get into another bloody conflict, over the Golan oil and reserves here.

I have not read any confirmation in any Syrian news in English, that this was actually what Syrian Deputy Foreign Minister said.

This could well be Israeli propaganda, to give Netanyahu time to do something to make him look like " a leader" to his people, ahead of the 9 April elections in Israel.

The Middle Eastern Leadership knows that Netanyahu's hanging on to power by a very fine thread, and with a 56 page indictment against him, may well not win the next election.

I would expect things to get very nasty, if Netanyahu's internal pols don't show him winning the race for Prime Minister; cornered animals, and cornered politicians are at their most dangerous; and right now, Netanyahu is cornered, geopolitically, so it is difficult to foresee what he is willing to do at this point.

Mar 12 10:38

Trump's 2020 NASA Budget Would Cancel Space Telescope, Earth Science Missions (Again)

The Trump administration's federal budget request for 2020 proposes the cancellation of three NASA science missions: the Wide-Field Infrared Survey Telescope (WFIRST) and two Earth science missions.

This isn't the first time the Trump administration has tried to nix WFIRST, a $3.2 billion flagship-class astrophysics mission that has already had to grapple with budget cuts. In its fiscal year 2019 budget proposal, the Trump administration sought to end that mission along with five other Earth science missions — but the Senate voted to give WFIRST the funding it needed to stay on track for a launch in 2025.

According to NASA's summary of the budget request, the Trump administration is proposing "to terminate the WFIRST mission and instead focus on completing the delayed James Webb Space Telescope," another flagship-class project that is over budget and behind schedule.

Mar 12 10:33

US WARNS GERMANY IT WILL END INTELLIGENCE SHARING IF HUAWEI IS GIVEN 5G CONTRACT

SOURCE: INTEL NEWS
The United States has warned Germany that intelligence sharing between the two countries will be threatened if the Chinese telecommunications giant Huawei is awarded a contract to build Germany’s 5G network. The company, Huawei Technologies, is a private Chinese venture and one of the world’s leading telecommunications hardware manufacturers. In recent years, however, it has come under scrutiny by some Western intelligence agencies, who view it as being too close to the Communist Party of China. More recently, Washington has intensified an international campaign to limit Huawei’s ability to build the infrastructure for 5G, the world’s next-generation wireless network. Along with Britain, Australia and Canada, the US is concerned that the Chinese telecommunications giant may facilitate global wiretapping on behalf of Beijing’s spy agencies.

Webmaster's Commentary: 

President Trump is just angry that Huawei got Germany's 5 G contract, and these actions are not the actions of a mature leadership. This is a 3 year old saying angrily, "I'm taking my toys, and going home!!"

This isn't about Chinese wiretapping; this is about no US company getting the money for the contract, because,yet again, in terms of invention and innovation, the US finds itself behind the proverbial 8 Ball.

Mar 12 10:29

Bianco: The Fed Has Given MMT Proponents Ample Ammunition

The idea that the government can print money to spark the economy is not that much different than quantitative easing – with one big exception.

Modern Monetary Theory is a poorly conceived idea that might get its day in the sun. Thank – or blame - the Federal Reserve and its “extraordinary measures” monetary policy for laying the groundwork.

MMT can trace it origins back over 100 years, but it has gained renewed popularity in recent months as thanks to freshman Democratic Congresswoman Alexandria Ocasio-Cortez and economist Stephanie Kelton. In a nutshell, MMT is anchored on the belief that budget deficits don’t really matter. In other words, if a government or central bank is borrowing money in its own fiat currency, meaning a currency backed by nothing but the government’s good word, then it can “print” any amount necessary to cover its debts. As such, a government should create money to fund increased spending.

If this sounds familiar, it should.

Mar 12 10:25

Trump Budget Showers Pentagon with Cash—Preparing for War?

Trump’s budget more than doubles OCO war-fighting slush fund and proposes cutting social safety net by 9% at a time when White House rhetoric against Iran is heating up and Netanyahu, Mohammed bin Salman, and Trump all face corruption charges and challenges at home

Mar 12 10:17

VIDEO: The Fed ADMITS A Massive Number Of People Are NOT WORKING

It seems like the news for the economy is always bleak, and it’s constantly getting worse! A YouTube channel titled Money GPS has created a video detailing the admittance by the Federal Reserve (the U.S.’s central bank) that a massive number of people are not working.

According to the video, the U.S. economy is in a real crisis and it will only get worse.

Mar 12 10:15

THE EUROPEAN UNION'S MANDATORY NATIONAL BIOMETRIC ID CARD WILL AFFECT 512 MILLION PEOPLE

A recent European Union (EU) announcement about national ID's will destroy millions of people's privacy and create a near global biometric database.

An article in State Watch News revealed that the EU has agreed to create a MANDATORY national biometric ID card.

"Measures being negotiated as part of the EU's 'Security Union' are moving ahead swiftly, with the Council and Parliament reaching provisional agreements on new rules for immigration liaison officers, the EU's Visa Code and the introduction of mandatory biometric national identity cards; and the Council agreeing its negotiating position on the new Frontex Regulation."

Earlier this week the Nepal government announced their plans to roll-out a national biometric ID card that will affect 30 million people.

Last month, I wrote an article warning people about the global effort to restrict everyone's right to travel. But what is happening across Europe and Asia should send chills down everyone's back.

Webmaster's Commentary: 

Those are chilling numbers indeed.

Mar 12 10:13

HOW MONSANTO FOUGHT A NEGATIVE ASSESSMENT OF ROUNDUP ACTIVE INGREDIENT GLYPHOSATE

In March 2015, agrochemical giant Monsanto had a problem. The World Health Organization's International Agency for Research on Cancer (IARC) announced that glyphosate, the principal ingredient in Monsanto's Roundup weed-killer product, was probably carcinogenic to humans.

Negative results from the IARC panel, which identifies and evaluates environmental causes of cancer in humans, could mean a potential hit to the company's profitability. Roundup is a major profit generator for Monsanto. In 2015, Monsanto made nearly $4.76 billion US in sales and $1.9 billion in gross profits from its "agricultural productivity" sector, a large part of which was made up of Roundup sales, according to a filing with the U.S. Securities and Exchange Commission.

A review by CBC/Radio-Canada of internal Monsanto documents disclosed in the court case of Dewayne Johnson, who sued Monsanto and won $78 million last October, showed the many efforts the company took to fight the IARC assessment.

Webmaster's Commentary: 

This is a company which should be completely sued out of existence, for the horrible cases of cancer it has created for people using it.

And not only should it be sued out of existence, but also, all executives who signed off on the fake reality that it was non-toxic, should spend some very long time in jails, to insure that nothing lie this ever happens again.

Mar 12 10:13

Trump cuts foreign aid spending, boosts border security, funds countering Russia in 2020 budget plan

President Donald Trump has announced his 2020 budget request. The $4.7 trillion funding plan cuts foreign aid and DC spending, and gives a boost to the military and border security, as well as to countering Russia’s “influence."
Announced on Monday, the 2020 budget promises to drive down the US’ staggering $22 trillion debt by cutting “wasteful Washington spending,” while demanding more resources for defense and national security.

The document outlines $2.7 trillion in spending cuts aimed at slashing nondefense spending by five percent. The State Department will see its spending cut by 23 percent, the Environmental Protection Agency will suffer a 31 percent chop, and food stamps will be cut by $17 billion and other welfare programs by $22 billion.

Webmaster's Commentary: 

I'll bet foreign aid to Israel did not get cut.

Mar 12 10:11

US sanctions against Nord Stream 2 gas pipeline ‘under consideration’ – energy czar

The US may slap sanctions on the Nord Stream 2 pipeline, which will supply Russian gas to Germany via the Baltic Sea, US energy secretary Rick Perry confirmed. The project has driven a wedge between Washington and Berlin.
Asked by reporters on Monday if sanctions were possible, Perry said this was “still under consideration” and that Nord Stream 2 is a “political pipeline” that Washington does not support.

The Trump administration has been pushing Germany to abandon the project in favor of buying more expensive US liquefied natural gas (LNG) and says it is worried about Europe becoming too “dependent” on Russian energy.

Sources had earlier told the Wall Street Journal that such sanctions on the Russian-European joint project would likely be implemented via amendments to the Countering America’s Adversaries Through Sanctions Act (CAATSA) and would affect investors in the project and companies employed to lay the pipeline.

Mar 12 10:06

FEDS TO UNSEAL EPSTEIN DOCUMENTS REVEALING SCOPE OF BILLIONAIRE'S INT'L CHILD SEX TRAFFICKING RING

On Monday, a Manhattan appeals court gave billionaire pedophile Jeffrey Epstein’s former alleged partner in crime, British socialite Ghislaine Maxwell, until March 19 to establish good cause as to why documents detailing the scope and size of their international child sex trafficking operation should remain sealed. Failing to do so would mean these documents will be made public.

“We’re grateful that the court ruled the summary judgment papers are open and they are moving to expedite having them unsealed,’’ said Sanford Bohrer, the attorney representing the Miami Herald. “This is very unusual for a court to do this.”

The Herald reports that the appeal is supported by 32 other media companies, including the New York Times and Washington Post.

Webmaster's Commentary: 

Grab the popcorn, folks, this... is going to get interesting.

You see, the monied never, ever believe that they are going to get caught over anything ugly or nasty they have done, that the other elite and monied will basically forgive them, and leave them to their "own persuasions."

The optics on this are going to be ugly as hell for President Trump, but I am sorry; in this situation, he has brought it upon himself.

Mar 12 10:02

How the World’s Leading Banks Help Launder $2 Trillion a Year

By Jamie Redman

Some of the most well-known banks in the world are also the biggest money launderers. The recent Troika Laundromat affair added another $8 billion to the trillions financial institutions wash every year. Over $2 trillion is laundered annually by criminals who utilize various ways to hide money in banks, which are often complicit or at least willing to turn a blind eye. The following is a look at money laundering schemes used by criminal enterprises that use the world’s so-called ‘regulated’ banks as their main laundromat system...

Mar 12 09:48

The Biggest Banks in the U.S. in 2018

Mar 12 09:38

ESCALATION FEARS GROW IN VENEZEULA AS GUAIDÓ SIGNALS SUPPORT FOR FOREIGN INTERVENTION AND US WITHDRAWS DIPLOMATS

Concerns over the Trump administration's increasingly hostile policy in Venezuela grew Tuesday after Secretary of State Mike Pompeo announced the U.S. was withdrawing all diplomatic personnel from the country.

Pompeo cited the "deteriorating situation" in Venezuela that escalated in January after the U.S. recognized opposition leader Juan Guaidó as "interim president," rebuking President Nicolas Maduro and coordinating efforts to overthrow the elected government.

Pompeo announces US pulling out all diplomats from #Venezuela pic.twitter.com/LAev9qtyqR

— Josh Lederman (@JoshNBCNews) March 12, 2019
The presence of embassy staff in Venezuela is a "constraint" on US policy? That sounds very regime changey to me. Buckle up just in case. pic.twitter.com/y1ckutYKG2

— Hawaii Delilah™ (@HawaiiDelilah) March 12, 2019

Webmaster's Commentary: 

This is going to get uglier as things devolve in this country, and be completely assured that the US government is FAR from finished here; they want those oll reserves in the Orinoco Basin enough to steal this country away from its rightful owners, the Venezuelans.

I weep at what this country has become.

Mar 12 09:37

Boeing Company (The) Common Stock Real Time Stock Quotes

Webmaster's Commentary: 

Boeing stock takes a slam after the 737 MAX gets grounded.

Mar 12 09:22

FAA Says 737 Max Remains Airworthy

U.S. aviation regulators have said they anticipate mandating changes to Boeing’s 737 Max aircraft by April after a second fatal crash in five months. The FAA says the planes remain airworthy and have no intention of following China’s lead in grounding it. Bloomberg’s Stephen Engle reports on “Bloomberg Daybreak: Asia.”

Webmaster's Commentary: 

Gotta protect Boeing's profits after all!

Have you noticed that those booths that sold flight insurance at the airports have all gone away?

Mar 12 09:14

Democratic Leaders Denounce White House’s ‘Budget for a Better America’

The White House argued its annual budget proposal, unveiled on Monday, will help balance federal spending — while Democratic leaders predictably denounced it.

President Donald Trump’s budget included various spending items for the next fiscal year at a total of $4.7 trillion. Those in support of the proposal see the spending cuts and reforms as a pathway to balancing the federal budget.

In addition, the Department of Homeland Security (DHS) would be provided $5.4 billion to help it fight illegal immigration. The budget also calls for $8.6 billion in new funding for the construction of a border wall.

Speaker of the House Nancy Pelosi (D-Calif.) and other critics, however, warn that the recommended cuts would undermine critical programs on which many Americans rely.

Mar 12 08:51

How Middle America Is to be Dispossessed

In all but one of the last seven presidential elections, Republicans lost the popular vote. George W. Bush and Donald Trump won only by capturing narrow majorities in the Electoral College.

Hence the grand strategy of the left: to enlarge and alter the U.S. electorate so as to put victory as far out of reach for national Republicans as it is today for California Republicans, and to convert the GOP into America’s permanent minority party.

In the Golden State, Democrats control the governors’ chair, every elective state office, both U.S. Senate seats, 46 of 53 U.S. House seats and three-fourths of each house of the state legislature in Sacramento.

How does the left expect to permanently dispossess Middle America?

Let us count the ways.

Mar 12 08:45

Everything You Fear About MMT Is Already Here

Mar 12 08:41

Scheuer blocks German airspace for the Boeing 737 Max 8

Federal Transport Minister Scheuer prohibits aircraft of the type Boeing 737 Max 8 flights over Germany. The background is the unexplained crash of a machine in Ethiopia.

After the crash of a Boeing 737 Max 8 in Ethiopia, the German airspace for aircraft of this type of aircraft is blocked. That said Federal Transport Minister Andreas Scheuer n-tv. "Security absolutely works," the CSU politician continued. "Until all doubts have been dispelled, I have ordered that the German airspace for the Boeing 737 Max is now blocked."

Mar 12 08:36

Invest In Gold Or Bitcoin – Which Is The True Store Of Value?

As the fiscal position of the United States continues to deteriorate at the same time that foreign countries are scaling back on their purchases of U.S. Treasuries, many investors are rightly worried about where they can hide from a potential decline in the value of the dollar and are looking to invest in a reliable “store of value.”

Webmaster's Commentary: 

At the risk of stating the obvious, gold (or silver, or platinum, or tantalum ... )!

Mar 12 08:20

Exclusive — Donald Trump: ‘Seductive’ Socialism Would Send Country ‘Down the Tubes’ in a Decade or Less

President Donald Trump told Breitbart News on Monday that he feels “very strongly” that the United States will never succumb to socialism.

“I feel that—I feel it very strongly,” Trump replied when asked by Breitbart News’s Washington Political Editor Matthew Boyle about his pledge in the State of the Union address that the United States would never become a socialist country.

Trump continued by explaining that many Democrats are campaigning on socialism, however, because it is “easy” to campaign on but difficult “to govern on.”

Mar 12 07:53

Trump: The Warlord of Economic Savagery

Donald Trump’s decidedly neo-conservative administration is waging economic warfare through the combined imposition of tariffs and economic sanctions against nations on six continents. Trump’s policies, which fuse bull-headedness with oafishness, have wreaked havoc on the stock market, pension funds, employment, and overall economic stability on a scale not seen since the Great Depression of the last century.

Mar 11 14:10

60 Minutes Asks Fed Chairman | Are American Banks Safe?

Highlights from last night's heavily promoted interview with Federal Reserve Chairman Jerome Powell - Includes full transcript.

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Mar 11 13:45

This 2008 Year Keeps Coming Up...

Mar 11 12:21

Oil Rises As Saudi Extends Production Cuts Through April

Offering the first indication that the OPEC+ cartel of major oil exporters intends to extend cuts, Saudi Arabia has reportedly told its clients that they will receive significantly less oil than they had requested in April, extending deeper-than-agreed oil production cuts into a second month, Bloomberg reported.

Mar 11 12:19

U.S. Warns Germany To Drop Huawei Or Risk Losing Intelligence Sharing

Following intense pressure from the US on its European allies to boycott the use of Huawei products in the rollout of next-generation 5G products and shut out the Chinese telecom giant from local markets, Germany was the first nation to rebuke Washington, with Handeslblatt reportingone months ago that the German government wanted to avoid excluding products offered by Huawei.

Mar 11 12:16

Rubino: If Central Banks Can't Normalize Now, They'll Never Be Able To

This was going to be the year when the other big central banks joined the Fed in “normalizing” interest rates and reversing the past decade’s QE experiment.

Instead, the other central banks blinked and went back to aggressive ease, and the Fed is following them. This is a very big deal.

Let’s consider some before-and-after stories:

In September 2018, the European Central Bank began tightening:

Mar 11 12:07

Catalysts for a 1987 crash

Mar 11 11:54

It was 10 years ago today... (VIDEO)

Mar 11 11:25

The Kraft Heinz Collapse—The Gut and Squeeze Strategy Fails

On Friday, February 22, 2019 the stock of Kraft Heinz, the firm put together in mid-2015 by 3G, a Brazilian private equity group, fell over 25% in a single day to around $35 which was 44% of its initial price and 36% of its highest price in late 2017.

The business plan of 3G Capital to “Buy Squeeze Repeat,” as Fortune once described it, dramatically and visibly failed. By ruthlessly reducing headcount and operational expenses to improve operating margins, profits and, most important, per-share earnings, 3G guts brand-building assets and budgets, and squeezes growth initiatives and investments. The predictable results at Kraft Heinz were short-term financial gains at the expense of long-term health and performance. It was always surprising that Warren Buffet, the very symbol of long-term investing would be involved in this 3G venture.

Mar 11 11:17

WHY IRAN, NOT VENEZUELA, IS THE LIKELIEST U.S. SHOOTING WAR

Despite growing Trump administration tensions with Venezuela and even with North Korea, Iran is the likeliest spot for Washington’s next shooting war, says Bob Dreyfuss for TomDispatch.

The Trump Administration is Reckless Enough to Turn the Cold War With Iran Into a Hot One

Here’s the foreign policy question of questions in 2019: Are President Donald Trump, Israeli Prime Minister Benjamin Netanyahu, and Saudi Crown Prince Mohammed bin Salman, all severely weakened at home and with few allies abroad, reckless enough to set off a war with Iran?

Could military actions designed to be limited — say, a heightening of the Israeli bombing of Iranian forces inside Syria, or possible U.S. cross-border attacks from Iraq, or a clash between American and Iranian naval ships in the Persian Gulf — trigger a wider war?

Webmaster's Commentary: 

Yesterday, in an article from amn.com, the following headline appeared:

Israel to go to war in Syria, if Netanyahu's leadership is in jeopardy

And I have to wonder: is THIS the reason President Trump has not ordered our military completely out of the country?

Are they to be the "sacrificial lambs" to get hit from an Israeli false flag mission, claiming it was Syrian (or Russian troops) who did the deed?

This, of course, would not be the first time that the Israeli government ordered our troops to be murdered; and if your mouth is gaping in outrage right now, you need to cage the rage, and read about the bombing of the USS Liberty here: The USS Liberty: If Americans Knew

And of course, there is the threat from Al Assad, that if Israel's IDF does not leave the Golan Heights, Syria will attack them militarily, to get them out. Syria notifies israel that it will attack the IDF in the Golan Heights

So, in summation, there are 4 scenarios which may be playing out here: you have a potential Israeli strike against Iran, if Netanyahu feels his days as prime minister are numbered; you have a potential Israeli strike against alleged Iranian outposts in Syria (and/or against US forces there), potential Syrian strikes against Israel in the Golan, or potentially, US strikes against Iran

It is very infuriating, seeing how many people want the spectre of death and destruction to continue its rampage in the Middle East; this may well involve both Russia and the US, if any of these scenario unfold or some of them unfold simultaneously.

Mar 11 11:13

A Modest Proposal For The Fed

Quantitative easing, the program of asset buying initiated by the US Federal Reserve Bank in 2008, represents the most profound monetary experiment in the history of the world. Between fall of 2008 and fall of 2014, three successive rounds of QE quadrupled the monetary base of the world's most-used and dominant currency, from less than $1 trillion to more than $4 trillion. The Fed literally created new money, bought Treasury debt and mortgage-backed debt (of dubious character) from commercial banks, and credited them with new reserves.

Mar 11 10:57

Experts: NYC Could Go Bankrupt for First Time in 40 Years

New York City is headed for financial ruin and could go bankrupt for the first time in 40 years, financial experts say.

Financial experts predict that there are already signs the city is headed for financial disaster, as many individuals and businesses are leaving the city for lower tax areas and city government spending is at an all-time high.

The last time the city came close to filing for bankruptcy was in 1975 when former President Gerald Ford refused to give the city a bailout package to settle its debt.

Mar 11 10:49

Journo: Reason for Aggression Against Venezuela Is to Knock It Out of Oil Market

Venezuela’s self-proclaimed president Juan Guaido has said that Venezuela’s expulsion of the German ambassador constitutes a threat to Germany. Sputnik spoke about the latest developments in Venezuela with Patrick Henningsen - Journalist and Founder of 21stCenturyWire.com.

Mar 11 10:48

Visualizing the Search Patterns of Investors

Mar 11 10:42

The $64 Trillion Question: With Foreigners Stepping Aside, Who Will Buy U.S Treasuries?

During its latest, quarterly meeting, the Treasury Borrowing Advisory Committee (aka the TBAC, which many years ago we dubbed the Supercommittee That Really Runs America, an assessment which 8 years later Bloomberg now generally agrees with), released minutes of its Jan. 29 meeting held at the Hay-Adams Hotel in conjunction with the U.S. government’s quarterly refunding announcement.

Webmaster's Commentary: 

The Federal Reserve just creates more "money" and buys up the Treasury Bonds to keep the system going ... for a while.

Mar 11 10:37

Trump Budget Would Slash Domestic Spending, Boost Military Spending

On Monday, President Trump will officially propose his new budget plan, which calls for major cuts in domestic spending across the board, but which also seeks a large further increase in military spending, above and beyond the increases already planned.

Exact figures aren’t clear at this point, but what is clear is that the general direction of this budget is going to face major opposition within the House of Representatives, not just from the Democratic leadership, but from some Republicans as well.

It’s not just the heavily military-centric priorities that will fuel the opposition, though clearly that is part of it. The budget proposal also ditches the Republicans’ goal of a 10-year time-frame for a balanced budget.

Mar 11 10:22

SUBVERSIVE STATECRAFT SCANDAL EXPOSES BOMBSHELL GERMAN-DESIGNED BREXIT PLAN

Cast your mind back to summer last year. The Cabinet gathered at the Prime Minister’s country retreat of Chequers, on the sylvan Chiltern downs. There was very important business: Theresa May, flanked by senior civil servant Olly Robbins, presented the draft agreement for Britain’s departure from the EU. For the first time, ministers (including Brexit secretary David Davis and foreign secretary Boris Johnson) saw the proposed terms – and the extent to which May would abide by her pledge of ‘Brexit means Brexit’. The chief whip instructed that nobody could leave without consenting to the Withdrawal Agreement, unless they resigned – and must then find their way home without ministerial transport.

Webmaster's Commentary: 

IF true, the owner of this transcript has to come forward in the UK, and explain to the British people precisely what has been done to them, by their leadership, "D NOtices" be damned.

Snap elections need to be held in the UK as quickly as possible, because Prime Minister May needs to be replaced, and quickly, by people who understand what Brexit meant, in terms of the EU dictatorship of Brussels, and how the UK might prosper outside their relationship with the EU.

Mar 11 10:22

Chaos Continues At Tesla As Company Now "Freezing" Store Closures And Layoffs

When even the pro-Tesla crowd at electrek begins to describe the company's sales strategy transition as "chaotic", you know there's real problems afoot for Elon Musk and his merry band of world changers. This happened following reports that Tesla was "freezing current store closures" less than two weeks after telling the public that it would close most of its retail locations in a move to try and cut costs.

Employees are being told that Tesla is freezing both store closures and layoffs "until at least the end of the month". Tesla has reportedly already closed 29 stores between the U.S. and Canada, following the February 28 announcement. Sales management at the company reportedly held a conference call with regional management last Friday, indicating to them that the company was stopping short on any more closures or layoffs until the end of the month.

Mar 11 10:18

The Source of Killer Inflation: Services

Mar 11 10:13

Not-So-Super-Mario Draghi's Day Of Reckoning Has Arrived

“Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough.”

— MARIO DRAGHI JULY 26TH 2012
No quote better defines Mario Draghi’s seven-plus years as the President of the European Central Bank than that quote. Draghi has thrown literally everything at the deflationary spiral the Euro-zone is in to no avail.

What has been enough has been nothing more than a holding pattern.

Mar 11 10:12

WOMAN ACCUSED OF ASSASSINATING KIM JONG UN'S BROTHER HAS BEEN FREED

Following the decision in Siti's case (the two women are facing separate cases though they are jointly on trial), a lawyer for Huong also requested an acquittal. The trial has been suspended until Thursday to allow time for the Malaysian attorney general to make a decision.

After her release, Siti, clad in a black traditional Malay dress and headscarf, was rushed to the Indonesian embassy, where she gave a brief statement to the media.

"I feel so happy. I did not expect that today I would be released,” she said, adding that she had been treated well in prison.

The two women told authorities that they thought they had been hired to participate in a reality TV show prank, and that they didn't realize what they had been tricked into doing until it was too late.

Webmaster's Commentary: 

Remote assassinations have to be done in a way which completely exonerates the real perpetrators, and have to go precisely to plan.

That is what failed here; and that makes this moment one of the most clumsily-created political assassinations in North Korea's history.

This kind of remote political assassination, to consolidate one's power, as Kim Jung Un has pretty obviously had done, are considered a big, fat, hairy no-no in the 21st century, save for the assassination of Adnan Khashoggi and The Clinton Body Count

Mar 11 10:10

The Rise of Cashless Banks (And What To Do About It)

By J.P. Koning

For centuries bank deposits have come with a comforting guarantee. Depositors have always been able to quickly convert them at par into cash.

But this guarantee is slowly being eroded. Banks in Canada, Ireland, Australia, Denmark, and Sweden are closing full-service branches and adopting a less-staffed “cashless bank” model. In a cashless branch, customers can no longer deposit or withdraw cash over the counter.

The next step will be when banks remove their external ATM machines too. Once this happens, we’ll have entered a strange new world where bank deposits are permanently inconvertible...

Mar 11 10:03

The Coming Corporate Debt Crisis

Mar 11 09:42

Stock Rollover Could Be Starting

Mar 11 09:23

Romania Introduces a Bill to Repatriate its Gold Reserves

The trend is accelerating, just as I predicted it would.

Countries all over the globe are growing anxious, as the geopolitical atmosphere of the world continues to heat up, threatening to hit a boiling point.

Central bankers and government officials who see the world through an unfiltered, non-rose-tinted lens are well aware of this, and are beginning to take the necessary actions required to protect themselves and their homelands.

China, Russia, India, Poland and Turkey are just a few of the countries that have made no secret of their plans for long-term accumulation of precious metals, in a hope to diversify their national reserves out of the U.S. dollar and into hard money.

I, along with many others in the precious metals community, believe that the reason for this is that they can see the writing on the wall and are well aware of what is coming down the road.

Mar 11 09:23

Brookings Says China Overstated Size Of Its Economy By 12%

Since China managed to weather the fallout from the financial crisis without registering much of a slowdown in its "official" GDP figures, playing "guess the real growth rate" has become one of the most popular parlor games among the professional economist set. Whereas the stakes are much higher for academics on the mainland (one of whom was censored and threatened by government thugs after speculating that GDP growth on the mainland might be closer to 2%), researchers at American think tanks have freely offered estimates ranging from 2% to 4% (which, admittedly, would still put China well ahead of the US).

Mar 11 09:22

It Begins: China Orders Carriers To Ground Boeing 737s After Ethiopian Airlines Crash

China has ordered all domestic carriers to ground their Boeing 737 MAX 8s after one of the jets seemingly dropped from the sky southeast of Addis Ababa just six minutes after taking off on Sunday. That accident - which killed all 157 people on board - was the second involving one of the jets in five months, and has led to speculation that Boeing might order all of the jets to be grounded pending further inspection.

Chinese media outlet Caijing was the first to report the decision, citing sources within China's domestic airline industry. Thee 737 MAX, the fourth generation of Boeing's narrow-body 737 line, was first flown in 2016, making the string of crashes - two in five months - unprecedented and, according to some analysts, extremely suspect.

Mar 11 09:13

Universities Across The U.S. Are Adding Cannabis To Their Curriculum

By Aaron Kesel

All across the U.S. colleges are now adding cannabis (both hemp and marijuana) programs to their curriculum, including schools in states where recreational marijuana remains illegal, for students to major in the cannabis industry, according to a new report by CBS 3.

“More jobs are being created in this space than in any other space in North America, with salaries sometimes more competitive than other industries,” Karson Humiston, founder of Vangst, an employment agency focused on cannabis jobs, recently told the Associated Press. “With every new state that legalizes, tons of jobs are opening up.”

Research shows there several career openings in the cannabis industry, varying from greenhouse and dispensary operators to edible product developers, marketing specialists, quality assurance lab directors, and even pharmaceutical researchers...

Mar 11 09:05

Morgan Stanley: Ignore Goldilocks; The Right Fairy Tale Is Hansel And Gretel

No doubt the past six months has been a wild ride, with one of the worst fourth quarters on record followed by one of the best starts to a new year. It’s also been across all asset classes and regions, a true beta event. The popular explanation going around is that the fourth quarter sell-off was just a technical event, the result of an unnecessarily aggressive Fed and trade tensions between the US and China. With both of those problems now ‘fixed’, markets can go back to where we were before these were concerns. As such, new highs for equity indices and tighter spreads for credit can’t be far away.

Mar 11 09:04

Here's What Fed Chair Powell Said On "60 Minutes"

A decade after Ben Bernanke appeared on "60 Minutes", vowing that the Fed could easily crush inflation, as it could "raise interest rates in 15 minutes", of course with the occasional "pause" along the way should the S&P dip by 20% or so, current Fed Chairman Jerome Powell will follow in his footsteps on Sunday night, when surrounded by former Fed Chairs Bernanke and Yellen, he will try to reach beyond the Fed's traditional audience of markets, journalists and lawmakers to counter the attacks from President Trump, even after the Fed’s paused on raising interest rates, said Sarah Binder, a professor of political science at George Washington University, quoted by MarketWatch.

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