ECONOMY | WHAT REALLY HAPPENED


ECONOMY

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Mar 28 10:52

US Senate Approves 3.8 Trillion Budget Plan Requiring Cut Social Spending

The US Senate approved during the early hours of Friday after a marathon sitting, a draft budget resolution for the next fiscal year by putting dozens of amendments, text to be reconciled with the already approved by the House of Representatives this week.

http://whatisusa.info/us-senate-approves-3-8-trillion-budget-plan-requ...

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Mar 28 10:08

Russia: A Diamond in the Rough

Mar 28 10:01

China Is Infected with the Zombie Virus

Mar 28 09:30

Russia to join China-led Asian Infrastructure Investment Bank (AIIB)

Russia is to sign up to the Chinese-led development bank AIIB, first deputy prime minister Igor Shuvalov said Saturday at an international forum in China, cited by Russian news agencies.

Mar 28 09:30

Upset By Elizabeth Warren, U.S. Banks Debate Halting Some Campaign Donations

Big Wall Street banks are so upset with U.S. Democratic Senator Elizabeth Warren's call for them to be broken up that some have discussed withholding campaign donations to Senate Democrats in symbolic protest, sources familiar with the discussions said.

Representatives from Citigroup, JPMorgan, Goldman Sachs and Bank of America, have met to discuss ways to urge Democrats, including Warren and Ohio Senator Sherrod Brown, to soften their party's tone toward Wall Street, sources familiar with the discussions said this week.

Bank officials said the idea of withholding donations was not discussed at a meeting of the four banks in Washington but it has been raised in one-on-one conversations between representatives of some of them. However, there was no agreement on coordinating any action, and each bank is making its own decision, they said.

The amount of money at stake, a maximum of $15,000 per bank, means the gesture is symbolic rather than material

Webmaster's Commentary: 

Don't worry, Wall Street; thinking Americans know that their candidates have been chosen FOR them by both your, and your associates' overt (and covert) contributions to political campaigns.

Ultimately, whoever winds in national leadership roles will be the best politicians money can buy.

Mar 28 09:15

U.S. cities with the biggest income gaps:

Mar 28 08:09

The Social Costs Of Capitalism Are Destroying Earth’s Ability To Support Life

I admire David Ray Griffin for his wide-ranging intelligence, his research skills, and for his courage. Dr. Griffin is not afraid to take on the controversial topics. He gave us ten books on 9/11, and anyone who has read half of one of them knows that the official story is a lie.

Mar 28 08:06

Greece aims to unlock bail-out cash with €3bn reform plan

The Greek government has handed its international creditors a list of reform measures in a bid to finally release the vital bail-out funds it needs to avoid going bankrupt.

According to local media reports, the anti-austerity government is planning to raise €3bn in revenues from measures including raising levies on alcohol and cigarettes, clamping down on tax evasion, and continuing with a controversial series of privatisations.

Mar 28 07:55

Recursive Lending Analysis: ‘Money’ is an invisible mathematical trap of perpetual debt

*hyperlinks live at source*

By guest author Paul Grignon, creator of the Money as Debt Trilogy viewed by tens of millions worldwide in 24 languages, and used by Advanced Placement Economics teachers to communicate how what we use for money is created as debt (my AP Econ assignment using Paul’s movie). Paul is an independent researcher, writer, visual artist, and movie creator.

Money created as a debt-of-itself is an elusive concept.  Put simply, most of our money is bank credit, mere numbers on a computer created by a borrower promising to pay the same numbers back to a bank, on a schedule. Logically, in order for it all to be paid back, it has to all remain available to be earned by the borrowers that created it.

Mar 28 07:46

Helping college students find temporary jobs

Mar 28 07:27

Dollar Run Likely Over… Look Out Below!

Mar 28 03:15

US layoffs mount amid signs of economic slowdown

US corporations announced thousands of layoffs this week amid a series of plant closures, mergers and consolidations and signs of declining economic growth.

Mar 27 17:17

Santelli Stunned As Janet Yellen Admits "Cash Is Not A Store Of Value"

Intended warning or unintended slip? After Alan Greenspan's confessional admission that "Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it," we found it remarkable that during the Q&A after her speech today that Janet Yellen, when asked about negative rates, admitted that "cash in not a very convenient store of value," seemingly hinting at Bernanke's helicopter and that there will be no deflation in The US ever... Rick Santelli then sums it all up perfectly... "deflation is clearly the boogeyman... and the only thing that will save the middle class."

Mar 27 17:00

Topping patterns in the hottest of the hot?

Mar 27 16:31

Paul Craig Roberts: The Social Costs Of Capitalism Are Destroying Earth’s Ability To Support Life

I admire David Ray Griffin for his wide-ranging intelligence, his research skills, and for his courage. Dr. Griffin is not afraid to take on the controversial topics. He gave us ten books on 9/11, and anyone who has read half of one of them knows that the official story is a lie.

Mar 27 15:48

“This is Why You Need Your Money Out of the Bank”: Freeze Outs, Glitches and Holds Increasingly Locking Customers Out of Funds

SHTFplan.com

The above image (click here) was captured from a real ATM machine not long ago, and could be seen anytime for any reason by anyone operating on the digital grid.

If you needed a better motivation to get your funds out of the bank, this is a clear sign that a digital clampdown is coming.

There are increasing examples of technology failures and stricter bank policies that are keep people from getting their money.

And they are happening all across the globe.

Ulster Bank in Ireland just made news after customers were locked out of their accounts by a glitch that disabled access to wage money:

Mar 27 15:43

Wall Street bankers float idea of 'withholding campaign donations to Senate Democrats in symbolic protest'

Bankers at big Wall Street firms “have discussed withholding campaign donations to Senate Democrats in symbolic protest” of calls to break up the institutions, according to this story from Reuters.

The news service says representatives from Citigroup, JPMorgan, Goldman Sachs and Bank of America, have met to discuss ways to urge Democrats, including Massachusetts Sen. Elizabeth Warren and Ohio Sen. Sherrod Brown, “to soften their party's tone toward Wall Street, sources familiar with the discussions said this week.”

Bank officials said the idea of withholding donations “was not discussed at a meeting of the four banks in Washington but it has been raised in one-on-one conversations between representatives of some of them. However, there was no agreement on coordinating any action, and each bank is making its own decision, they said.”

Mar 27 15:27

This US State is on the Verge of a Silver & Gold Revolution!

Everybody that goes off the dollar gets attacked. No wonder they are doing a big military exercise with Texas as the enemy!

The state of Texas is now considering a piece of legislation regarding gold & silver which would be nothing short of revolutionary if passed.

As we recently observed, the “brilliant” elites in DC are currently in full retreat across a broad spectrum of international issues. From being routed on the issue of a Russia/China-led bank in Asia, to having their IMF storm-troopers thrashed in eastern Europe, it’s wonderful to see them with their tail between their legs on such a regular basis!

Make no mistake, others have taken note of these defeats here in the States, and it has given them hope.

Mar 27 15:27

David Gurwitz: Gold, Stocks, and all markets

Mar 27 14:07

China wants to ban U.S. banking technology

Mar 27 13:17

Koch-Funded Economist Wants “Less Democracy”

Dr. Garett Jones is wary of democracy. He is Associate Professor of Economics and BB&T Professor for the Study of Capitalism at the Mercatus Center, “the world’s premier university source for market-oriented ideas,” at George Mason University, you see. He wants “less democracy.” He, like so many of his academic colleagues, writes scholarly articles in prestigious economics journals, extolling the virtues of moralless, unmitigated greed and absolute plutocratic tyranny. And it just so happens that that inconvenient “democracy” thing is an “inefficient” burden on the path toward a society based on these principles.

Mar 27 12:30

Rocco Galati in court to challenge how Bank of Canada does business

Renowned Toronto lawyer Rocco Galati is pursuing a court case intended to do nothing less than force the Bank of Canada to reorient its activities on behalf of Canadians.

Galati, who led a successful challenge against an appointment to the Supreme Court of Canada, is representing a small Toronto group whose legal bid is attracting increasing attention from people in Canada and elsewhere who distrust global financial institutions.

Webmaster's Commentary: 

COMER finally makes the Canadian media, but note how they make a big deal over the original litigant's background to make him seem evil!

Mar 27 12:19

3 Very Real Reason Why Lower Oil Prices Could Be The Catalyst For World War III

It is no secret that both oil super powers, Saudi Arabia and the current presidential administration of the United States would welcome the replacement of Russian President Vladimir Putin with someone more to their liking.

With Russia’s economy built almost entirely upon oil, the falling prices of oil will most certainly weaken and ultimately threaten the economic health of one of the most powerful countries on the planet.

With the economic hardships of 1998 still fresh in the minds of many Russian citizens, applying strategic pressure by releasing a glut of oil onto the world market is a move that quickly forces oil prices to drop sharply and could easily result in problems at the poll for Putin in the next election

Mar 27 10:07

What Prevented Smart Meter Opt-outs in Pennsylvania?

Catherine J. Frompovich
Activist Post

Back in the summer of 2014, something very calculated apparently happened in the Pennsylvania state legislature that ought to be investigated by the Commonwealth’s Attorney General and the Pennsylvania State Ethics Commission. What happened was a crime against the democratic principles of governance, i.e., deliberately dis-allowing constituents, voters—and citizens in general—to exercise their right of redress and input regarding issues that affect them, their lives, and the safety of their possessions. The particular issue at hand was Opt-out provisions from Smart Meters, which was not originally written into PA Law 129 in 2008, but in committee ‘strong-armed’ into “sine die” by State Representative and Committee Chair, Robert W. Godshall...

Mar 27 09:25

It's Official: Americans Spent All Their "Gas Savings" On Obamacare

We have solved the mystery of why US households did not spend all those billions in "dropping gas price" windfalls - the answer is that they did spend all this money. On Obamacare.

Mar 27 09:21

It’s Time to Cheer Deflation

Mar 27 09:10

Wikileaks leaks text of Trans-Pacific Partnership

Mar 27 08:03

IMF declares suspension of Yemen loan amid Saudi airstrikes

The International Monetary Fund (IMF) has announced its indefinite suspension of a loan to Yemen, citing a “host of uncertainties” after Saudi Arabia’s military aggression against the country.

Mar 27 08:02

New York Post Expose: Stock Market Rigging Hits the Mainstream

Stock market rigging is no longer a 'conspiracy theory' ... The stock market is rigged. When I started making that claim years ago — and provided solid evidence — people scoffed. Some called it a conspiracy theory, tinfoil hats and that sort of stuff. Most people just ignored me. But that's not happening anymore. The dirty secret is out. – Justohn Crudele/New York Post

Mar 27 07:58

SECRET TRADE PACT WOULD ALLOW FOREIGN CORPORATIONS TO SUE U.S. FOR DAMAGING INVESTMENT “EXPECTATIONS”

A new free trade agreement being pushed by the Obama administration could allow foreign corporations to challenge American laws and regulations before international tribunals. The Trans-Pacific Partnership (pdf) (TPP), being negotiated between the U.S. and governments throughout the Western Hemisphere and the Pacific region, includes a provision authorizing companies to sue the U.S. government for actions that undermine their investment “expectations” and damage their business opportunities.

Mar 27 07:56

President TripAdvisor: “We Compete With Google”

The American company TripAdvisor Inc. 14 years of the little-known site with tips for travelers and feedback into a business that combines multiple services with annual revenues of more than $ 944 million. The site came up with Harvard graduate, the programmer Stephen Kaufer – today he is the president and CEO of TripAdvisor Inc.

http://whatisusa.info/president-tripadvisor-we-compete-with-google/

Mar 27 07:53

Hookers and Blow Economy: 1 in 20 students in UK worked in sex trade to fund living cost

HOOKERS AND BLOW ECONOMY: 1 IN 20 STUDENTS IN UK WORKED IN SEX TRADE TO FUND LIVING COST
One in 20 students in the UK have worked in the sex industry while studying at the university to make ends meet, according to a new survey that shows more number of them are secretly turning to the profession. Men were more likely to be involved than women, and the sex work ranged from prostitution and escorting to stripping and internet work, the Student Sex Work Project report said.

Mar 27 07:44

Crude oil is getting smoked

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