ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jan 03 17:10

The Central Banks Make Their Move, This Is How They Are Doing It

Since the great recession the economy has been pumped with stimulus, manipulated government stats and propaganda from the Fed.

Jan 03 15:55

Danielle Park–Sustaining the Unsustainable

Jan 03 15:17

Declining Dollar Boosts Gold to New Highs

Jan 03 13:19

2 HIDDEN Reasons Why $200 Billion Dropped OUT of the Stock Market Yet It Breaks Record Highs!

I found this to be very interesting. I hope you do as well.

Jan 03 09:10

Does The Narcotics Trade Influence U.S. Global Policy ?

Few who look at the US occupation of Afghanistan, can do so without considering a few realities. When America entered Afghanistan in 2001, reality began to distort. America’s allies on the ground were call the “Northern Alliance.” In actuality, they were Uzbek and Tajik drug lords with private armies who had been financially gutted by the Taliban’s anti-drug policies.

There was virtually no opium production in Afghanistan in 2001 when America took on the Taliban seeking what Secretary of Defense Rumsfeld described as literally “dozens” of advanced underground bases that housed an army of up to 30,000 al Qaeda fighters.

These bases with supplied graphics, reminiscent of Netanyahu’s Iran bomb graphic, were shown on TV talk shows. America is still seeking these bases, none have yet to be found.

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Jan 03 08:50

Cryptocurrency Mania and Blockchain Banking

Jan 03 08:42

'EU has taken wrong path' Joining EEA would be FATAL for Switzerland warns economist

JOINING the European Economic Area (EEA) would have been a “fatal” blow to Switzerland and the country has benefited hugely from staying out, a top economist has declared.

Jan 03 08:38

A Return to Financial Sanity?

From “Doug Casey on the New Fed Chair”

“In an ideal world there would be some radical changes. The best thing for the US in the (famous) long run is to go “cold turkey.” To abolish the Federal Reserve, fire its thousands of employees with their worthless PhDs. Return to 100% reserve banking with a strict separation of demand and time deposits. Depoliticize money by using gold, not Federal Reserve Notes. And default on the national debt, which is rewarding crony capitalists, and will turn future generations of Americans into serfs. And massively deregulate. And abolish the income tax, while cutting spending 90%. Etc. Etc.

The chances of that happening are exactly zero.”

It’s easy to see there is no chance for a return to financial sanity as defined by Casey.

Jan 03 08:31

The final insult after soaring rail fares? Now you'll pick up the bill for bailing out Richard Branson!

Here was the bearded showman with his family under a towering Christmas tree. And here he was flat on his back in deep snow and designer goggles with one languid ski in the air. What fun it must have been to relax up in the mountains, where he just happens to own a luxurious chalet complete with indoor swimming pool.

But if you’d mentioned such indulgence to the thousands of rail passengers shivering on platforms up and down Britain yesterday, you might have heard the blunt suggestion that Branson should take a very long ski off a very short mountain.

Jan 03 08:16

Iranian Crisis Could Send Oil To $100

Oil prices started the year on a high note as some geopolitical tension pushed aside bearish concerns. Both WTI and Brent opened above $60 per barrel for the first time in years.

The protests in Iran were the main driver of the bullish sentiment in the oil market. Anti-government demonstrations swept across the country in recent days, and unlike the widespread protests in 2009, the current rallies are related to economic woes and are also taking place in more cities than just Tehran. “Growing unrest in Iran set the table for a bullish start to 2018,” the Schork Report said in a note to clients on January 2.

Jan 03 08:08

Big four banks expected to cut 20,000 jobs in 2018 as technology replaces humans

Australia's big four banks will slash 20,000 full-time jobs throughout the year in an effort to cut costs and make way for new technology, experts predict.

NAB got the ball rolling in September when it announced it will cut its job force by 6,000 to make way for 2,000 digital jobs, paving the way for Commonwealth Bank, ANZ and Westpac, CLSA analyst Brian Johnson told the Australian Financial Review.

'We think the rest will follow,' Mr Johnson said.

Jan 03 07:55

Intel's CEO Just Sold a Lot of Stock

Since Krzanich was appointed Intel CEO in May of 2013, he'll need to have 250,000 shares by May 2018 -- or about five months from now.

What's interesting, then, is that before Krzanich made any of the transactions that he reported in his most recently filed Form 4, he held 495,743 shares.

After the options exercises and subsequent sales (which left Krzanich's position unchanged at 495,743 shares), Krzanich then made two more transactions: a sale of 242,830 shares and a sale of 2,913 shares, with each transaction happening at an average price of $44.555, per the filing.

Those two transactions left Krzanich with exactly 250,000 shares -- the bare minimum that he's required to hold as CEO.

Jan 02 18:40

Big shock: $700 Internet-of-Things door lock not a success

You won't have a $700 smart lock to kick around any more, as Otto (no, not that one) shut down and sacked its staff just before Christmas – without ever delivering a product.

Otto, whose sole gizmo was to be an internet-connected finger-scanning front-door lock, said it ran out of money, and will not be able to ship its gear to customers just four weeks before it had planned to do so.

In a post to Medium, Otto CEO and founder Sam Jadallah insisted the upstart's failure was not a rejection of the notion of paying $699 to complicate something the local hardware store sells for $15, but rather was the work of a nefarious bait-and-switch by an unnamed corporation.

Jan 02 12:32

East Coast rail 'bailout' could cost taxpayers hundreds of millions

The East Coast rail franchise will be terminated three years early, avoiding the embarrassment of another private firm handing back the keys to the government but potentially forfeiting hundreds of millions in premiums due to the Treasury.

Under a rail strategy announced by the transport secretary, Chris Grayling, a new partnership model will replace the franchise contract of Virgin Trains East Coast (Vtec).

The train operator, a joint venture led by Stagecoach with Sir Richard Branson’s Virgin Group, had pledged to pay £3.3bn to run the service until 2023 when it was reprivatised in 2015 after six years in public hands.

Instead, Vtec is likely to pay a fraction of that sum, with the bulk of payments due in the final years of the franchise.

Jan 02 12:12

China Launches New Capital Controls: Puts $15,000 Annual Cap On Overseas ATM Withdrawals

And while China has been doing everything in its power to halt the capital flight, or at least give the impression there no longer is one, going so far as the central bank directly manipulating the currency by directly crushing the shorts in terminal short squeezes and margin calls to telegraph to the world that there is no legitimate capital flight, actions out of China suggest otherwise, and it now appears that - in the latest good news for bitcoin bulls - China is once again cracking down on capital controls as hot money outflows have not only not stopped, but may again be accelerating.

Jan 02 12:11

Doug Casey On The Coming Financial Crisis: "It's A Gigantic Accident Waiting To Happen"

Justin’s note: Earlier this year, Fed Chair Janet Yellen explained how she doesn’t think we’ll have another financial crisis “in our lifetimes.” It’s a crazy idea. After all, it feels like the U.S. is long overdue for a major crisis. Below, Doug Casey shares his take on this. It’s one of the most important discussions we’ve had all year.

Jan 02 11:45

10 years after the Great Financial Crash: Economics needs more than ‘Reformation’

A year ago, I was looking forward to 2017 as the tenth anniversary of an event that mainstream “neoclassical” economists said couldn’t happen: the global financial crisis which kicked off in 2007. You’d have thought the epoch would have presented a chance to reflect on the past, but it turned out the reflection on that event by the economics profession and the financial press was minimal: it was an event they’d rather forget than commemorate.

Jan 02 11:13

The secret deals which shaped our lives: How big businesses got together to make sure your light bulb wouldn't last, you'd always want a newer car, and you'd always go back on a diet

Author Jacques Peretti has shed light on the backroom deals between big businesses that have ultimately shaped the way we eat, shop, and even choose medication.

His latest book, The Deals That Made the World: Reckless Ambition, Backroom Negotiations, and the Hidden Truths of Business, set to be released in March 2018, reveals details of the secret meeting that took place in Geneva that made nearly every product obsolete.

Peretti also lifts the lid on the invention of the multi-billion-dollar diet industry, which came about after a health insurance clerk was struggling to keep up his numbers.

Jan 02 10:56

What The Heck Is Happening In Commodities?

Jan 02 10:51

France Aims to Develop Moscow-Beijing Trade 'Backbone' Amid US-UK Uncertainty

France is keen to deepen trade ties with Russia and China, French Economy and Finance Minister Bruno Le Maire told the Wall Street Journal on Monday.

Jan 02 10:42

Tesla CEO Elon Musk Promises New Models as Stock Plummets

With analysts slashing Tesla’s earnings estimates, and its stock diving toward an eight-month low, CEO Elon Musk took to Twitter to spin fanciful dreams of a full-size electric pick-up.

Jan 02 10:22

Greece financial crisis: 'The EU has made mistakes' amid fears of TRIPLE-DIP recession

As Greece prepares to stand on its feet again after eight years of turmoil a leading academic says that although the worst is over, the chance of a triple-dip recession remains real.

Dr Ioannis Oikonomou, associate professor in finance at Henley Business School who has taught many subjects to JP Morgan, Goldman Sachs and Bank of America Merrill Lynch, warned the EU has made mistakes in tackling the Greek debt crisis and the fallout has changed the landscape of the EU with the bloc’s citizens hitting out over repeated bailouts.

But Dr Oikonomou said there are indications that things are picking up, as he puts it, “a bit.”

Jan 02 10:15

US gold of low purity & that's why audit of reserves will never be allowed - expert tells RT

The entire story around the US gold reserves is opaque and secretive. There has never been a full independent audit of the US gold reserves, and the custodians of the gold, the US Mint and the Federal Reserve of New York will not let anybody into the vaults to view the gold or to count it,”Manly told RT.

However, despite the numerous accusations against the US Treasury that it has much less gold than it claims, there is another reason, according to the expert - US gold is of bad quality.

Jan 02 09:28

Charles Hugh Smith: The Inescapable Reason Why the Financial System Will Fail

Modern finance has many complex moving parts, and this complexity masks its inner simplicity.

Jan 02 06:31

44 Numbers From 2017 That Are Almost Too Crazy To Believe

2017 went by way too quickly.  Donald Trump’s first year in the White House shook up the entire planet, and nobody is quite sure what is going to happen next. 

Jan 01 13:45

Experts Predict Global Stagflation in 2018

Jan 01 13:36

David Stockman : The Greatest Bubble Ever: Why You Better Believe It

At the end of the day, however, the laws of free markets and sound finance will out. The coming crash of the greatest bubble ever will prove that in spades.'

Jan 01 11:04

US Military’s Shortcomings: Most Expensive Does Not Mean Best

Despite being the leader in military spending, the US military has very serious shortcomings. It is mired in problems. Military planning deficiencies greatly reduce combat capabilities. Cost-effectiveness is a big problem. Being the most expensive does not automatically make the US military the best.

Jan 01 10:58

US Prepares for Forcible Entry Operations in Remote Theaters of War

Professionals study logistics, amateurs study tactics!

The facts and events summed up above are not front-page stories. They don’t tell much separately but tell a lot when put together and systematized. They lead to believe the United States is urgently preparing for a truly big war waged far away from its borders. The US military is sized, organized, and globally postured to fight it. A doctrine of expanding forces is not as straightforward as producing more fighters and weapon systems. Nothing is possible without logistics. That’s what is given the highest priority as the preparations are intensified.

Jan 01 10:07

Iran - Early U.S. Support For Rioters Hints At A Larger Plan

In Iran - Regime Change Agents Hijack Economic Protests we looked at the developing U.S.-Israeli operation to instigate a revolt in Iran. What follows are a few more background points and a view on the developments since. A color revolution or revolt in Iran have only little chances of success. But even as the fail they can be used as pretext for additional sanctions and other anti-Iranian measures. The current incidents are thus only one part of a much larger plan.

Jan 01 08:29

10 Ways America Is Falling Behind

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