ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Mar 01 13:25

SPANISH GOVERNMENT APPOINTS A ‘SEX CZAR’ TO REVERSE COUNTRY’S DECLINING POPULATION

The Spanish government has created a new post in an attempt to boost pregnancy rates and halt the country’s declining population. The role of the so-called “sex czar” is to be taken up by Edelmira Barreria Diz, a demographics expert and senator in the Galician parliament. According to official statistics, Spain recorded a lower number of births than deaths last year, the first time this has happened since 1941.

Mar 01 11:27

A Secret History of Money Power

Contemporary financial analysts Sidney Homer, who worked for Salomon Bros., and Professor Richard Sylla, in their historical study of interest rates, state that the first known law on the issue was that of Hammurabi, 1800 BCE, during first dynasty Babylonia, who set the maximum rate of interest at 33?% per annum “for loans of grain, repayable in kind, and at 20% per annum for loans of silver by weight.”5Sumerian documents, circa 3000 BCE, “show the systematic use of credit based on loans of grain by volume and loans of metal by weight. Often these loans carried interest.”

As early as 5000 BCE in the Middle East, dates, olives, figs, nuts, or seeds of grain were probably lent to serfs, poor farmers, or dependants, and an increased portion of the harvest was expected to be returned in kind…. Earliest historic rates were reported in the range of 20–50% per annum for loans of grain and metal.6

Mar 01 11:22

Venezuela is down to its last $10 billion

Venezuela only has $10.5 billion in foreign reserves left, according to its most recent central bank data.

For rest of the year, Venezuela owes roughly $7.2 billion in outstanding debt payments.

Mar 01 11:21

Real Personal Spending Crashes Most Since 2009

While the key number analysts were looking for in today's Personal Spending data was the PCE Price Index, both headline and core, which rose by 1.9% and 1.7% respectively, the latter coming in as expected, just shy of the Fed's 2.0% inflation target, the internals on US incomes and spending were just as notable. Here, the silver lining of a rise in incomes (+0.4% MoM vs +0.3% exp) was dashed by a disappointingly slow growth in spending (+0.2% vs +0.5% prev).

Webmaster's Commentary: 

People have developed a strong frugal sense and are holding onto their money.

Mar 01 09:27

NEW UNCOVERED INFORMATION: Why Central Banks Were Forced To Rig The Gold Market

According to newly uncovered information in the gold market, it provides additional evidence of why the Fed, Central Banks and the IMF were forced to RIG the gold market. Actually, looking at this new information, I had no idea of the amount of Fed, Central Bank and IMF gold market intervention until I put all the pieces together.

Mar 01 09:08

WOW: NYC Mayor Has Shocking New Homeless Initiative, And It's Bad

Mayor de Blasio unveiled an ambitious new plan Tuesday to address the vexing challenge of housing the homeless, vowing to build dozens more shelters but saying little about where he’d put them and acknowledging it won’t solve the crisis.

Mar 01 09:03

NY Teamsters Pension Becomes First To Run Out Of Money As Expert Warns "Pension Tsunami" Is Coming

The New York Teamsters Road Carriers Local 707 Pension Fund has won the unfortunate award for "First Pension to Officially Run Out of Money." According to the New York Daily News, and a host of angry former truck drivers who've had their pension benefits slashed, the Pension Benefit Guaranty Corp. (PBGC) has officially been forced to step in and take over payments to retirees of the Local 707, albeit at a much lower rate.

Mar 01 09:02

US Auto Dealers Forced To Rent First "Overflow Lots" In 37 Years Amid Inventory Glut

Yesterday we noted that GM launched an aggressive incentive program in the month of February to clear out some of its pickup truck inventory. In fact, incentives on the company's Silverado were up 56% YoY to $6,996, while discounts on the Sierra were up 82% to $5,315 (see "GM Pickup Incentives Surge Over 80% As Auto Bubble Continues To Show Signs Of An Imminent Bust").

But apparently GM isn't the only auto OEM who may have had to splurge on incentive spending in February to clear out inventory piling up on dealer lots. Inventory days across the industry are up massively YoY and stood at 85 days at the beginning of February, up 22 days from January 1st and up 8 days compared to the same time last year. As one Honda dealer told Bloomberg, the inventory pile up at his dealership has become so excessive that for the first time in 37 years of business he was forced to rent an overflow lot to park unsold cars in February.

Mar 01 08:51

Report: Pentagon Buried Study That Could Have Saved $125 Billion By Cutting Waste

The Department of Defense (DOD) commissioned, then buried a report disclosing billions in bureaucratic and contractor waste, and showed a “clear path” to how the department could save $125 billion by 2020, the Washington Post reports.

“We are spending a lot more than we thought,” the report from the Defense Business Board, released publicly Jan. 22, 2015, says. The report does not appear on the Defense Business Board’s list of reports for 2015, and sources told the Washington Post that top Pentagon officials wanted to keep the report quiet to avoid Congress from docking their annual budget.

The report said it could capture $125 billion in potential savings through trimming down unneeded bureaucracy, renegotiating contracts and improving information management to be less labor intensive.

Mar 01 08:29

LAWSUIT: OBAMA ROBBED PRIVATE INVESTORS TO FUND OBAMACARE

Two lawsuits proceeding through the federal courts threaten to expose and disrupt a scheme the Obama administration concocted in 2012 to confiscate all the profits from Fannie Mae and Freddy Mac – the government’s two mortgage giants – with a plan to divert billions of dollars to pay essential Obamacare insurance subsidies that Congress had refused to fund.

Webmaster's Commentary: 

Mar 01 08:14

US Mint Releases New Fort Knox "Audit Documentation": First Critical Observations

In response to a FOIA request the US Mint has finally released reports drafted from 1993 through 2008 related to the physical audits of the US official gold reserves. However, the documents released are incomplete and reveal the audit procedures have not been executed proficiently. Moreover, because the Mint could not honor its promises in full the costs ($3,144.96 US dollars) of the FOIA request have been refunded.

Webmaster's Commentary: 

Hmmmmmmmmm

Mar 01 08:03

Something Is Happening That We Haven’t Seen Since The Trough Of The Financial Crisis.

For the first time in the US since the Financial Crisis.

Mar 01 07:17

March 2017: The end of a 100 year global debt super cycle is way overdue

For more than 100 years global debt levels have been rising, and now we are potentially facing the greatest debt crisis in all of human history. Never before have we seen such a level of debt saturation all over the planet, and pretty much everyone understands that this is going to end very, very badly at some point. The only real question is when it will happen.

Mar 01 07:09

Trump Vows To Bring Back The Gold Standard

US President Donald Trump has hinted that he will bring back the Gold Standard and introduce it as the world’s global currency.

Mar 01 06:52

Gold Is Undervalued – Leading Money Managers

For the third time in a decade fund managers surveyed by Bank of America Merrill Lynch (BAML) believe that gold is undervalued. After the last two occasions the price of gold shot up.

The Bank of America Merrill Lynch Fund Managers survey spoke to 175 money managers with $543 billion in assets under management. It provides key indicators each month of those who run and manage the world’s investments. The news that they are buying gold and believe it is undervalued, is worth paying attention to.

As we often mention the status quo amongst money managers is for them to be bearish about gold, regardless of the price and state of the global economy. But this month, a majority of those surveyed (by a net margin of 15%) believe that gold is a buy, something that hasn’t been seen since January 2009 and January 2015.

Webmaster's Commentary: 

Mar 01 06:48

Gold The “Ultimate Insurance Policy” as “Grave Concerns About Euro” – Greenspan

“The eurozone isn’t working …” warns Greenspan

“I view gold as the primary global currency” said Greenspan

“Significant increases in inflation will ultimately increase the price of gold”

“Investment in gold now is insurance…”

Mar 01 06:45

Russian Billionaire Takes 74% Loss on $85 Million Gauguin

Russian billionaire Dmitry Rybolovlev paid 54 million euros (then $85 million) for a landscape by Paul Gauguin in a private transaction in June 2008. On Tuesday, he took a 74 percent loss on his investment.

Gauguin’s 1892 landscape “Te Fare (La Maison)" fetched 20.3 million pounds ($25 million), including commission, at Tuesday evening’s sale of Impressionist and modern art at Christie’s in London. Rybolovlev will net about $22 million based on the hammer price. The auction house had estimated the value at $15 million to $22.4 million. The buyer was a client of Rebecca Wei, president of Christie’s Asia.

Webmaster's Commentary: 

The Art Bubble has burst.

Mar 01 04:17

Strange That The Same Point In Time For The Economic Crisis Keeps Coming Up

Netherlands is making a move to leave the EU. Theresa May is worried that a Scottish Referendum vote will happen at the same time as the Article 50 vote.

Feb 28 18:07

A GLOBAL EURODOLLAR SHORTAGE

Feb 28 15:42

POUR STARBUCKS OUT! AFTER ATTACKING TRUMP FOR YEARS, STARBUCKS JUST GOT AWFUL NEWS!

A month ago, Starbucks CEO Howard Shultz took a stand in defiance of Trump’s immigration order. He wrote a message to the whole world and vowed to hire 10,000 refugees over the next 5 years and “build bridges, not walls, with Mexico.”

Feb 28 14:17

How to get benefit from the recent wave of rising inflation

2017 kicked off with a reflationary revival as the consumer price index (CPI) recorded 2.5% year-over-year (YoY) growth in January - Its highest reading since early-2012.

Feb 28 12:33

While U.S. Targets Illegal Immigrants, Spain “Jails 65 Illegal Bankers”

While the Trump Administration is cracking down on immigration, and scoring big populist points for being tough on foreign criminals and undocumented families, he holds in his administration a who’s who of Wall Street’s banking elite, the very leaders of the mega-banks that caused the 2008 economic crisis, and who continue to drag the economy dangerously close to repeat disaster as the atmosphere of predatory financial dealings continues…

Read more at SHTF

Feb 28 12:02

Does Uber Know it Can’t Make Money Unless it Uses Self-Driving Cars and Gets Rid of Human Drivers?

Something is out of whack on the expense side.

Feb 28 11:40

CWA Forces 21,000 AT&T Mobility Workers To Stay On Job As Contract Expires

Nearly two weeks after the labor contract expired covering 21,000 AT&T Mobility wireless workers, the Communications Workers of America (CWA) continues to force its members to work although the CWA admits the parties “remain miles apart on all major issues.”

Feb 28 10:47

Report: Obama illegally robbed Fannie Mae and Freddie Mac to fund Obamacare scheme

Federal court litigation provides evidence the Obama administration illegally diverted taxpayer funds that had not been appropriated by Congress in an unconstitutional scheme to keep Obamacare from imploding.

Feb 28 09:26

Treasury To Run Out Of Cash By June – Riots Expected

A former White House Budget Director has warned that the U.S. Treasury could run out of money by June 2017, sparking riots and civil unrest across America.

According to an interview with David Stockman, a controversial deal made between former Speaker of the House John Boehner and former President Barack Obama in 2015, will result in the “mother of all debt ceiling crises,” by the summer of 2017 which will see a giant “fiscal bloodbath” for Americans.

Feb 28 08:37

CBO:  U.S. Is On Path To Highest Budget Deficits And Debt In Our History

If current laws governing federal taxes and spending did not change, the United States would face steadily increasing federal budget deficits and debt over the next 30 years, according to projections by CBO. As a result, CBO estimates, public debt would reach 145 percent of GDP by 2047, higher than any percentage previously recorded in the United States.

Feb 28 08:08

Banks "Gag" Analysts From Discussing Politics On Air

In what may be a welcome change to what is already an overly politically charged financial atmosphere, Reuters reports that major banks are cracking down on market analysts talking publicly about politics over concerns of appearing partial with HSBC going so far to take its main global currencies commentator off air in an intensification of the financial "gag order." HSBC, which has seen its share of political cross-currents in recent years, especially when it comes to money laundering and funding quasi-legal regimes, said that currency strategists at HSBC's global research division would not be making "unsupervised" public appearances due to concerns about commenting on political events which have been seen to drive prices.

Feb 28 07:58

2017 is seeing the return of the inflation monster

As we nearly reach the third month of 2017 we find ourselves observing a situation where an old friend is back although of course it is more accurate to describe it as an enemy.

Feb 28 07:57

MEANWHILE, IN SPAIN, THEY’RE ARRESTING BANKSTERS

So when a major economy of the West decides to start arresting banksters, I sit up and take notice

Webmaster's Commentary: 

Feb 28 07:54

Here's why Germany is so 'tough' on Greece over its debts

The Greek debt crisis is back on the agenda again. With Athens needing yet more money to pay off its huge loans, Germany is once again being accused of prolonging the Hellenic tragedy.

On Monday evening Germany’s hawkish finance minister Wolfgang Schäuble announced that Greece’s lenders had reached a “common position” on the country’s debts and that they could go back to Athens to discuss the latest tranche of debt relief.

The Washington-based International Monetary Fund (IMF) has been threatened to walk away from the bailout, saying Greece's debts are so huge that it is unable to stay on top of the repayments. It has demanded the eurozone reduce the debt burden to make the repayments more sustainable.

Webmaster's Commentary: 

Feb 28 07:50

The Stench Inside The Fed

A government with a central bank expanding its balance sheet by five and a half times and refusing to shrink it, perverting capital markets with zero to near zero interest rates for nearly a decade, and enabling the national debt to soar to $20 trillion, is, in fact, a banana republic.

Feb 28 07:39

The Warning of Dr. Doom, Marc Faber

“One man alone, he cannot make ‘America great again.’ That you have to realize. Trump, unlike Mr. Reagan, is facing huge, huge headwinds — including a debt to GDP that is gigantic, as it is in other countries,” he said.

Feb 28 07:39

Greece to Surrender Gold, Utilities and Real Estate in Exchange For Pieces of Paper Printed in Brussels

It's official: The Germans will not allow debt relief for Greece. Instead, Berlin wants to send in the repo man.

The untold story of the Greek "bailouts" is that it wasn't a "bailout" — it was an auction of Greek assets. Real, tangible things with real, tangible value were seized in exchange for pieces of paper that guarantee Athens will be chained to Berlin and Brussels for the foreseeable future.

It's your basic extortion racket.

Webmaster's Commentary: 

And that is, of course, the ultimate goal of private central banks; to confiscate the real hard assets of a nation and its people in exchange for paper with colored ink on it.

Feb 28 07:15

Trump orders creation of teams to target regulations for removal

President Trump late last week continued his pursuit of broad regulatory reform, targeting in a Feb. 24 order regulations that stifle job creation, impose unnecessary costs or are simply outdated or ineffective, according to an Executive Order issued Friday. Trump directed all federal agencies, including the Federal Motor Carrier Safety Administration, to establish a team to evaluate existing regs and make recommendations about regulations that need “repeal, replacement or modification,” the Executive Order states. The order refers to the teams as Regulatory Reform Task Forces. Nearly all federal agencies will be required to form a task force, to be made up of senior agency officials and others. (Outstanding!!!)

Feb 28 06:54

‘Cough up, Angela!’ EU budget chief says GERMANY will have to cover Brexit black hole

BRUSSELS’ budget chief has today insisted that it will be up to German taxpayers to shoulder the burden of paying for the EU after Britain leaves the bloc in 2019.

Gunther Oettinger said eurocrats need even more money to tackle growing crises like migration and the fight against terror at a time when the EU is losing its third largest net contributor.

He warned that the massive loss of cash set to be unleashed by Brexit cannot be offset by cuts to the ballooning Brussels budget and will have to be made up by the bloc’s richer countries instead.

Feb 28 04:45

March 2017: The End Of A 100 Year Global Debt Super Cycle Is Way Overdue

For more than 100 years global debt levels have been rising, and now we are potentially facing the greatest debt crisis in all of human history.

For more than 100 years the American people have been slaves to the Eleventh Marble!

Feb 27 20:00

It’s Crash Awareness Week

Feb 27 16:44

Yes Warren Buffet Stocks Are In A Bubble

Feb 27 16:18

DESPITE TRUMP’S ECONOMIC BOOM J.C. PENNEY JUST RELEASED DEVASTATING NEWS - THIS IS SO SAD!

One of the biggest names in retail is closing up to 140 stores in the coming year. J.C. Penney on Friday announced the store closings — without specifying which stores will close — along with an early retirement plan targeting about 6,000 employees.

Feb 27 15:06

Keiser Report: Greek Final Reckoning

Feb 27 14:45

Fed hike could come “fairly soon

Odds of March Fed interest-rate hike spike above 50%

Feb 27 14:03

Is that Desperation Hanging Over Europe’s Banking System?

Turns out, Italy’s banking crisis is not fixed.

Feb 27 13:18

The U.S. Is in Real Trouble

That point—economic bankruptcy accompanied by financial chaos—is quickly approaching for the U.S. government. With deficits over a trillion dollars per year for as far as the eye can see, the U.S. Treasury will very soon be unable to roll over its maturing debt at anything near current interest rates.

Feb 27 12:04

Buckle Up: Inflation at 58-Month High

The stage has been set for high levels of uncertainly, and with uncertainty comes opportunities in commodities, posits Lior Gantz, editor of Wealth Research Group, who also sees opportunities in disruptive technologies in the medical arena.

Feb 27 12:04

Caution Needs To Be Exercised As The Historic Market Rally Is Predicted To Soon Coming To An End

Stocks continue to make new record highs, yet market dynamics point to fragility under the surface.

Feb 27 11:48

Come to Your Sensei

Last week I saw Piers Morgan tell an American TV personality—a big-time Trump hater whose face looks exactly like a penis—how strange he found it that two people like Bush and Blair, who lied about the war and caused over a million Iraqi and thousands of American deaths, were hardly vilified for their crimes when compared with the stuff being hurled at Trump after only four weeks in the saddle. The penis (Bill Maher) shouted and raved at Piers, who laughed it off.

Feb 27 11:46

Don’t Be A Victim: “The Numbers Say That The Majority Of You Will Fall Victim To The Next Bubble”

There’s another way for a bubble to end, but it practically never happens. Responsible bankers and lenders could prevent the bubble’s formation by simply not lending ridiculous amounts. It almost never happens for the same reasons that people buy overpriced houses: greed and our social programming to follow the herd. If all your banker buddies are making big bucks writing loans to anyone who can fog a mirror, then you’ll be rewarded for doing the same. Nobody wants to be the lone, unpopular voice urging restraint when the crowds are going wild.

Feb 27 11:33

Robert Shiller: With stock valuations high, it’s time to reduce your holdings

“We can’t time the market accurately, but we know that when it’s this high, over the long term, it usually doesn’t do great.”

Feb 27 10:28

FIGHTING IN DONBASS, COAL BLOCKADE, AND INFIGHTING IN KIEV, AS UKRAINE’S CRISIS DEEPENS

The last few weeks have witnessed an acceleration of Ukraine’s downward slide.

Following the bitter fighting in and around Avdeevka and the angry telephone exchange between Russian President Putin and German Chancellor Merkel, an attempt was made to bring the fighting in the area around Avdeevka to an end and to arrange for a mutual pullback of forces to the starting lines.

As always the Ukrainians proved unwilling to comply with their commitments to do so, and yesterday the whole process was thrown into chaos when militants from the far right Azov Brigade stormed and took over a water filtration plant from the local Ukrainian authorities, seeking to cut off the water supply to Donetsk without apparently realising that large areas of Ukrainian controlled territory also depend for their water on the plant.

Webmaster's Commentary: 

The situation in Ukraine appears to be worsening by the day, and the deadly combination of paralysis and government corruption appears to not be able to make any positive move forward for the Ukrainian people.

Simply put, Poroshenko is running out of time, money, and options.

So the Poroshenko regime may well collapse of its own weight of corruption; at that point, who knows; they may install a morally ethical,Russian-centric strongman as their leader, because Ukraine needs Russian trade (and money) to keep them afloat until, and beyond, the point where the Ukrainian economy has a chance to right itself.

And at that point, the US/EU/NATO/IMF/SOROS-sponsored 2014 coup, for all the blood and money spent, will have come to absolute naught.

Feb 27 10:24

Behold, The Dow Jones Non-Industrial Average

With The Dow Jones Industrial Average trading almost 50% higher than its 2007 peak, we thought it ironic that core Industrial durable goods orders remain well below the peak in 2008, once again suggesting that it may be time to drop the "Industrial" part from the name of the famous index.

Feb 27 10:23

Are Big Banks' Dark Pools Behind The Run-Up In Bank Stock Prices?

The biggest banks on Wall Street, both foreign and domestic, have been repeatedly charged with rigging and colluding in markets from New York to London to Japan. Thus, it is natural to ask, have the big banks formed a cartel to rig the prices of their own stocks?

Feb 27 10:22

Global Food Price Rises, Where and What Percentage of Crop Loss Will Increase Prices

Bob Kudla and I discussed food price rises and what percentage of crop yield loss will increase prices how much, by looking back in time to look for correlations to today’s climate conditions. We also spoke of areas in the world that can come on as bread baskets as other areas go off line due to intensifying grand solar minimum jet stream changes; Specifically Northern Africa and the political challenges of growing and getting crops to market and how the credit crunch for farmers will intensify this effect.

Feb 27 10:12

What To Do When You Encounter Lawless, Rogue, Government? Maybe It's Time To Just Cuss Them Out

This isn't about cussing. With so much confusion and ignorance of the fundamental issue here, it's very important for people to fully comprehend the legal and financial issues involved. So please read the explanation and legal precedents, so that you understand what is actually going on here. The USSC has ruled, "We have held that checkpoint searches are constitutional only if justified by consent or probable cause to search... And our holding today is limited to the type of stops described in this opinion. Any further detention... must be based on consent or probable cause." [U.S. v Martinez-Fuerte.] Terry Bressi of CheckpointUSA.org won over $200,000 in a federal lawsuit from Homeland Security & he points out that the border patrol themselves have admitted in writing:
"Q. 11. Am I required to answer the agent's questions at the checkpoint?"

Feb 27 09:45

Back from never gone: currency wars

Feb 27 08:19

The European Debt Bomb Fuse Is Lit! Target2 Imbalances Hit Crisis Levels

Eurozone Target2 imbalances have touched or exceeded the crisis levels hit in 2012 when Greece was on the verge of leaving the Eurozone. Others have noted the growing imbalances as well.

I had a couple of questions for the ECB regarding Target2, which they have answered, I believe disingenuously.

First, we will explain Target2, then we will take a look at various charts, viewpoints, and the email exchange with the ECB.

Feb 27 07:46

German Experts View a Possible Free Trade Deal With Russia as Highly Profitable

A free trade area for the European with Russia and the other members of the Eurasian Economic Union (EAEU) would have economic advantages for all parties involved, according to an analysis by the Center for Economic Studies (CES), Ifo Institute, Germany.

Feb 27 07:40

Alert! Bill Passes House to End Federal Reserves Stranglehold on Money


A bill to end federal reserves monopoly on money passes the house and heads on for final approval. the bill would essentially legalize the use of gold and silver as money. the world is waking up to the hidden secrets of money

Feb 27 07:10

Retail Apocalypse Gains Momentum As David Stockman Warns ‘Everything Will Grind To A Halt’ After March 15th

J.C. Penney and Family Christian Stores are the latest retail giants to announce widespread store closings. As you will see below, J.C. Penney plans to close between 130 and 140 stores, and Family Christian is closing all of their 240 stores.

Feb 27 07:09

Is There A Pattern When Recessions & Depressions Occur?

Tsipras says no more austerity after this bailout deal. Consumer confidence declines since the elections. hhgregg to file bankruptcy.

Feb 26 18:40

3-minute video: Hillary psychopathically lies Dems had ‘most progressive platform in history’ ignoring ongoing illegal Wars of Aggression, bankster and Pentagon looting in the trillions, reneged promises to end poverty killing ~400 million people

*hyperlinks/videos live at source*

3-minute Hillary Clinton message to Democrats:

Clinton’s claim that Democrats in 2016 had “the most progressive platform in history” is a psychopathic lie because it omits OBVIOUS progressive policy proposals:

The US engages in ongoing illegal Wars of Aggression all started on lies known to be lies as they were told.
Monetary reform and public banking delivers ~$1,000,000 per US household in benefits. That is the ongoing cost of oligarchic bankster looting.
The Pentagon admits to “losing” $6.5 trillion, with Dems refusing independent audits.
Since the Clintons were last in the White House, ongoing “leadership” renege of promises to end poverty have gruesomely killed ~400 million people; more than all wars and violence in known human history. These are Crimes Against Humanity, the Orwellian opposite of progressivism.

Feb 26 09:27

David Stockman: Giant Fiscal Bloodbath Coming Soon, Everything Will Grind to a Halt in 2017

Former White House Budget Director David Stockman drops a bomb in his latest interview by saying, “I think what people are missing is this date, March 15th 2017. That’s the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015. That holiday expires.

Feb 26 08:45

Merkel's euro crisis: German bond market yields fall as predictions of Le Pen victory grow

MARKETS are reacting to the potential of a "political shock" as uncertainty in Europe continues over the forthcoming French elections.

Feb 26 07:36

Price of Corruption: Unemployment in Brazil Soars to Record

Economists stumped, having underestimated the fiasco for years.

Feb 26 07:10

THIS MAJOR HOUSEHOLD-NAME COMPANY JUST LEFT CALIFORNIA OVER SOMETHING SO SICK IT IS STRANGLING THEM

Food and drink giant Nestle is about to take a “Nestea plunge” of a different sort — namely, moving its operations from liberal California all the way to business-friendly Virginia. According to an op-ed in Investors Business Daily, Nestle USA will be moving its headquarters from the Los Angeles suburb of Glendale to Rosslyn, a Virginia city just outside Washington, D.C. It will be taking 1,200 jobs with it.

Feb 25 19:02

Apple Stock Is A Sell

Feb 25 17:45

Breakthrough: US Becomes Major Oil Exporter Under Trump

The United States has become a major exporter of crude oil since President Trump took office, sending a record 7 billion barrels into the world market last week.

Feb 25 16:42

Brexit bombshell: Why is this parliamentary report talking about RE-JOINING the EU?

The report was circulated among MPs ahead of the crucial vote held in Westminster earlier this month and repeatedly referred to Article 49 which allows for the re-joining of the EU. In the wake of Theresa May’s famous “Brexit means Brexit” statement Express.co.uk pointed out the curious repeated references to the mechanism for re-joining the European Union. Today Downing Street has officially slapped down the report called "Brexit: how does the Article 50 process work?" which clearly points to a re-entry strategy developed by mandarins.

Feb 25 14:30

Oregon to seek federal approval for tolls on metro freeways

Another reason to stay out of Portland.

The Oregon Department of Transportation intends to seek approval from federal officials to place tolls on some metro-area interstates for funding congestion-relief projects.

Feb 25 11:30

EU THREAT TO PENSIONS: Mass migration blamed for £30 billion a YEAR 'economic catastrophe'

MASS EU migration is a £30 billion a year threat to Britain’s state pension, a new report has warned.

The comprehensive paper - How the £30 billion cost of EU migration Imperils Pensions & Benefits - by the thinktank Global Britain has blown apart claims that the UK needs EU migration to support its pension system.

Instead it reveals that cheap labour flooding in from the continent is causing "an economic catastrophe" for the UK which threatens the pension system.

And the report suggests that leaving the EU and taking back control of British borders will provide the UK with “a £250 billion opportunity” in the next five years.

Feb 25 10:56

Just say no at the cash register

Feb 25 10:54

Gold continues to defy Fed’s attempt to control the price

Bloomberg News admitted that it is aware of the Fed’s “hidden” mandate to control the price of gold when it published an article last Sunday titled, “Yellen Can’t Halt Trump Gold Rally That Funds Bet Against” – Bloomberg/Yellen/Gold.

Feb 25 10:40

The Deep State Goes Shallow

"...Trump’s fatal mistake was saying that he wanted to get along with Russia, that Putin was a good leader, and that he wanted to end the war against Syria and pull the U.S. back from foreign wars. This was verboten. And when he said nuclear war was absurd and would only result in nuclear conflagration, he had crossed the Rubicon. That sealed his fate. Misogyny, racism, support for Republican conservative positions on a host of issues – all fine. Opposing foreign wars, especially with Russia – not fine."

Feb 25 10:20

THE ROAD TO HELL WAS PAVED WITH OBAMA CRONYISM

I spent most of the Obama years warning about the dangers of his policies. I didn’t do this for kicks, or because I thought he would try to stay in power forever, but because I knew his monumental cronyism would only pave the way for major problems down the road. Well the backlash to Obama came quick, and we the people won’t do the country any good if we focus on Trump the man, as opposed to the entirely corrupt, billionaire/special interest-controlled cesspool of a society we inhabit. We need to focus on Trump’s policies, not Trump the man.

We also need to be under no illusions when it comes to the disaster that was the Obama administration, and the key role his failures played in providing the fertile ground for Trump to believe he can do whatever he wants — because Obama largely did.

Webmaster's Commentary: 

I frankly think that it is far too early to judge what Trump will do with his presidency, and I am counting on two influences here. One is that of his own native intelligence, and the other is his family

But Obama's presidency has set this economy up for a catastrophic fail, for which President Trump will, of course be blamed. As reported on Thursday at shtfplan.com on Thursday of last week:

To summarize, the U.S. economy and the dollar are slated for a controlled demolition. The Fed will do everything in its power to prod Trump and conservatives into war with the central bank, because the Fed is now ready to sacrifice itself and the dollar’s world reserve status in order to clear a path for a new global system and ideology. The Federal Reserve is a suicide bomber.

If this takes place as I predict then the international banks and the establishment elites will be able to lay the blame for the death of king dollar squarely at the feet of Trump and conservatives, and at least a third of the country (leftists) will buy into the narrative lock, stock and barrel because they desperately WANT to believe it. Remember, the tale being scripted here is that Trump is a rampaging maniac that does not know what he is doing.

To be clear, I am not supporting the continuing dominance of the Fed, or the existence of the fiat dollar. What I am saying is that conservatives may just get what we have been wishing for all these years but not in the manner we had hoped.

To counter this threat our list of targets must expand to meet reality. The delusion that the core problem is the Federal Reserve must stop. The Fed is a box store, a franchise in a chain of franchises, nothing more. If we do not also turn our scrutiny and aggression towards root globalist institutions like the IMF and the BIS as well as international banks, then our efforts will only serve to bolster the enemy we are trying to fight.

In a battle limited to Trump versus the Fed, only the bankers will win

Feb 25 09:42

EU Bailout of Portugal Has Failed

Feb 25 08:20

How Much Money Laundering is Going On in the Housing Market? A Lot

Answers trickle in. Tough luck for New York, San Francisco, Miami…

Feb 25 07:45

BREXIT BOOST: Boeing to build first ever European manufacturing plant in Britain

US aviation giant Boeing today gave Britain a Brexit vote of confidence by announcing its first ever European manufacturing plant will be built in Sheffield.

Feb 25 07:40

Just 8 men own same wealth as half the world

Eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a new report published by Oxfam today to mark the annual meeting of political and business leaders in Davos.

Oxfam’s report, ‘An economy for the 99 percent’, shows that the gap between rich and poor is far greater than had been feared. It details how big business and the super-rich are fuelling the inequality crisis by dodging taxes, driving down wages and using their power to influence politics. It calls for a fundamental change in the way we manage our economies so that they work for all people, and not just a fortunate few.

Feb 25 07:33

EU THREAT TO PENSIONS: Mass migration blamed for £30 billion a YEAR 'economic catastrophe'

The comprehensive paper - How the £30 billion cost of EU migration Imperils Pensions & Benefits - by the thinktank Global Britain has blown apart claims that the UK needs EU migration to support its pension system.

Instead it reveals that cheap labour flooding in from the continent is causing "an economic catastrophe" for the UK which threatens the pension system.

And the report suggests that leaving the EU and taking back control of British borders will provide the UK with “a £250 billion opportunity” in the next five years.

Feb 25 07:25

The Problem with Gold-Backed Currencies (Oh yeah, They must be redeemable in gold…)

Any nation issuing a gold-backed currency can't control the global price of gold, and so that nation's currency is hostage to fluctuations beyond its control. If the issuing nation sets a peg to gold, that peg is subject to the whims of the central bank and state--in other words, the peg is simply another flavor of fiat currency. Simply put, there is no way to back a reserve currency or a fractional reserve banking system with gold. It's easy to say that a world with very little credit would be a good world, but it would be a world with limited debt-based consumption, i.e. a world with little "growth." And without "growth," the system implodes.
Only true if you have to borrow that gold-backed currency at interest from a central bank. This appears to be FED anti-gold propaganda.

Feb 25 01:38

Warning Sign: The Last Time This Happened In Stock Markets An Epic Crash Followed

The records in and of themselves aren’t necessarily an indicator of a coming crash, but they should certainly be raising warnings signs, especially considering that many experts, including traditional bulls and bears, are noting that markets have gone up too high, too fast.

Feb 24 16:56

Stop Listening To Conventional Wisdom Regarding Moments in Gold History As Investors Flock To Supercharged Gold Bet That's Returned 180%

Conventional wisdom says rates hikes are bad for gold. Let’s take a look.

Feb 24 16:32

The Return of Stagflation

Feb 24 16:02

Hundreds of “Riot Gear-Clad Officers Move In With MRAPs” Against Dakota Pipeline Protests

Heavily militarized police and National Guard forces moved in to raid camps at Standing Rock on Thursday morning, with hundreds of riot gear-clad officers marching in formation to clear camps of water protectors, journalists, and anyone firmly entrenched to oppose the Dakota Access Pipeline.

Ominously poised on Highway 1806, officers waited in formation with dozens of heavily armored vehicles for over an hour before eventually descending into the remnants of the largest Standing Rock camp, Oceti Sakowin, in recent days renamed Oceti Oyate.

Prayerful song eerily served as a backdrop for what constituted a military raid of land unceded to the U.S. government in treaties from 1851 and 1868.

Webmaster's Commentary: 

When did that phrase "to protect and serve", which used to be the motto of many police departments, morph into "To protect the corporations, and NOT serve ordinary American citizens"?!?

I am deeply concerned that we are "half past Orwell", on this issue.

And what happens if, due to intense value engineering, coupled with the rush to get the Dakota Access Pipeline completed, causes the pipeline to fail, and the local water resources do wind up getting fouled?!?

Feb 24 15:37

Rickards: The biggest financial story in the world today

The biggest financial story in the world today is not Fed policy or emerging-market debt. The biggest story is the global dollar shortage.

Feb 24 14:32

MORTGAGE DELINQUENCIES REACH ALMOST 12%

Feb 24 14:29

Here’s where the next financial crisis may start

Lured by low interest rates, low gas prices, and a crop of seductive vehicles that are faster, smarter, and more efficient than ever before, American drivers are increasingly riding in style. Don’t be fooled by the curb appeal, though — those swanky machines are heavily leveraged.

Feb 24 14:04

BRACE FOR STOCK MARKET CRASH

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA