ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jun 03 14:05

The shame of injustice

Graham Peebles says everything causing injustice must be uprooted, within the structures under which we live and within the consciousness of the individual, and replaced by modes of living based on sharing.

Jun 03 09:11

Retail alert: These 63 Sears and Kmart stores are closing in September

2018 has been yet another challenging year for traditional retailers. After shutting down more than 5,000 stores in 2017, there have been more than 2,500 store closures announced over the past few months.

Jun 03 08:27

Yields Are Crashing!

Jun 03 08:11

Massive Visa Crash Across Europe

War on Cash Suffers Setback.

For over 12 hours on Friday, shopping centers in the UK and other parts of Europe were plunged into chaos as millions of consumers were unable to use their Visa debit or credit cards at points of sale. The credit card company, which was finally able to restore normal service early Saturday morning, said it had no reason to believe the hardware failure was due to “any unauthorized access or malicious event”.

Jun 03 06:35

Could Italy Be Next To Leave The EU?

With Europe having a near heart attack last week, as Italian bond yields exploded amid deja vu fears that the new populist government would press the "Quitaly" button and threaten the EU with exiting the Eurozone in order to get budget spending concessions from Brussels, the discussion about Europe's record Target2 imbalances quietly resurfaced after years of dormancy.

Jun 03 05:17

Waiting on the Echo of Crude Oil’s Big Drop

Jun 02 19:01

28-minute video: criminal collusion of economic ‘leaders’ creating what we use for money as debt (negative numbers) owed to central banks CAUSES total debt to only and always increase until system crash. OBVIOUS SOLUTIONS: create money as positive numbers

*hyperlinks/videos live at source*

Wall Street insider Nomi Prins with her new book, Collusion: How central bankers rigged the world, interviewed by USAWatchdog.com's Greg Hunter for 28 minutes:

Colleagues and I presenting this data have written and presented at professional international economic conferences and have zero challenges to this information, such as this 2015 paper to ~2,000 people at an international economics conference at The Claremont Colleges, and this 2012 paper.

I can also factually assert that I work with ~2,000 Advanced Placement Economics teachers through our discussion board, and that no colleague has ever challenged the factual accuracy of what I am about to explain and document.

Jun 02 10:03

Art Berman: Think Oil Is Getting Expensive? You Ain't Seen Nothing Yet

The price of oil has gone up 30%+ percent just here in the last year alone. There are some very good reasons for that.

In the United States, we've been drawing down our reserves, our inventory and the amount of oil we have in storage, consistently since February of 2017. We're going into the 15th month of drawing from storage each week because we're not producing enough to meet the need.

To those paying attention: the United States is right now producing more oil than it ever has in its history. We are a million barrels a day higher than the peak in 1970 -- the one that King Hubbert got in trouble for warning about. We're higher by 50,000 or so barrels per month of production. Yet, here we are, still sucking oil out of storage. What does that tell you? There is only one way to interpret that: We are using more than we are producing.

Jun 02 07:30

The Advantages Of Creating An LLC

Jun 02 07:20

Is The Housing Bubble About To Burst?

The early stages of a housing bubble are fun for pretty much everyone. Homeowners see their equity start to rise and feel smart for having bought, home seekers have to pay up, but not too much, and fully expect their new home to keep appreciating. People with modest incomes feel a bit of pinch but can still afford to stick around.

Jun 02 07:03

Too Big To Jail: Banks Are Now Criminal Enterprises

Are people still letting what might be viewed as a criminal enterprise manage their deposits and mortgages? Unfortunately, it is a rhetorical question. Millions o

Jun 02 06:15

Why Silicon Valley Might Be the Next Enron

Jun 01 16:12

Gold is extremely cheap on historical basis

Jun 01 15:20

The Mainstream Media Won't Tell You That Trump Has Put 3 Million People Back To Work

The good economic news just keeps rolling in.

On Friday, the Bureau of Labor Statistics released a positive May jobs report, announcing the U.S. economy added 223,000 jobs and the unemployment rate reached its lowest level since 2000, dipping to 3.8 percent.

While this report shatters expert predictions by nearly 30,000 jobs and continues to show signs of a strong economy, it also makes clear that as people continue to leave the workforce, employers will need to step up their game in order to attract workers to fill open positions.

Jun 01 15:00

Debt is Only Money that Pays Interest

Jun 01 14:54

The Global Economic System Is Being Setup To Crash

Dubai will start using the blockchain technology for 50% of its transactions, China is embracing the blockchain, the world is now moving towards the blockchain away from the central bank.

Jun 01 14:46

Just One Stock Was Responsible For 35% Of The Dow's Gains In May

May was all about Apple, which accounted for 23% of the S&P 500's gains last month, and 35% of Dow Jones' upside.

Jun 01 12:36

Breathtaking Chart On Record Margin Debt

Jun 01 12:28

All-star panel weighs in on gold

Jun 01 11:11

Mnuchin's Name Moves Up On The List

ADP releases their latest employment report and the job market is cooling off, of course these are the manipulated numbers.

Jun 01 10:26

Payment chaos as Visa system crashes across Europe stopping card transactions from working

Some Visa card payments are failing in the UK and elsewhere in Europe, the company confirmed.

Visa said this afternoon it is investigating what has caused the disruption across the continent.

The extent of the disruption is currently unclear but customers have been complaining on Twitter about denied payments.

VisaNewsEurope Tweeted at about 5pm: 'We are currently experiencing a service disruption which is preventing some Visa transactions in Europe from being processed. We are investigating the cause and working as quickly as possible to resolve the situation. We will keep you updated.'

Jun 01 10:12

California Cities Signed Up For Pensions They Can't Afford

It's rare that a politician will say something that is praiseworthy and anger-inducing in the same breath. Nevertheless, Gov. Jerry Brown accomplished that unusual feat when he released his May revised budget, and told cities that the state government isn't in a position to help them with their soaring pension costs. "They have to handle that themselves," he explained during a briefing in the state Capitol.

Jun 01 08:29

The EU threatens to tax Harley Davidsons and BOURBON while China blasts US 'protectionism' over steel tariffs as Juncker welcomes the Chinese foreign minister to Brussels

The Trump administration yesterday announced a 25% tariff on steel imports 11% tariff on aluminium imports.

It chose not to exempt Canada and the European Union - the largest sources of foreign aluminum and steel respectively - sparking angry criticism that the move risks a global trade war.

The EU has threatened to retaliate with tariffs on 'symbolic' US products such as Harley-Davidson motorcycles, Levis jeans, cranberries and bourbon whiskey.

While many countries share U.S. frustration over Chinese trade and economic practices, critics say Trump risks a global trade war by alienating the European Union, Canada and Mexico with its new tariffs.

Jun 01 08:12

China Holds The Cards In Trump's Trade War

The Trump administration continues to play hardball games with China on trade. The latest news has China angry over Trump going forward with 25% tariffs on an array of Chinese goods after having reached a deal earlier over phone-maker ZTE.

As Bloomberg notes, the announcement by Trump, which seemed to tear up an agreement reached only 10 days ago in Washington, is the latest twist in a trade dispute between the U.S. and China that has rattled financial markets for months and could threaten the broadest global upswing in years, according to the International Monetary Fund.

Jun 01 07:32

Trump Aims to Close Market for German Luxury Cars as Trade War Looms - Reports

The White House has opted to introduce high metal import tariffs for the EU, triggering threats from the bloc that it will impose counter-measures. While the trade war is looming, the US administration is looking into another measure which could cause multi-billion losses to the European economy: evaluating a 25% import tax on cars.

Donald Trump has allegedly shared with French President Emmanuel Macron his wish to force German luxury car makers out of the US market. The German magazine WirtschaftsWoche, citing several diplomatic sources from both the US and Europe, stated that Trump would maintain his trade policy until no Mercedes models rolled on Fifth Avenue in New York.

Last week Trump ordered his administration to look into whether car imports endangered US security, which was one of his chief arguments for imposing higher steel and metal import tariffs. Following this path, Trump is threatening to levy a 25% tariff on imported European cars.

Jun 01 07:17

This means war: furious Canada and Mexico launch retaliation after Trump imposes tariffs

Canada responded to the US tariffs on steel and aluminium by imposing billions worth of countermeasures, while Mexico put duties on food and steel and the EU vowed its own retaliation

Jun 01 07:17

War inside Trump trade team triggers global angst

President Donald Trump’s abrupt decision Thursday to slap steel and aluminum tariffs on Canada, Mexico and the European Union capped a whipsaw week that reflected not just the deep divisions among his top economic advisers but the changeable attitudes of the irascible and unpredictable president himself.

Senior administration officials profess privately to not know exactly what Trump will ultimately decide to do on trade at any given moment. The uncertainty has led the president’s advisers to compete for his attention in a bid to sway him, leading to nasty behind-the-scenes fights that are increasingly bursting into public view.

The week began with a statement that the administration would move ahead with trade levies on China, just days after Treasury Secretary Steven Mnuchin said a trade war with the world’s second largest economy was “on hold.” Trump’s senior trade adviser Peter Navarro publicly rebuked Mnuchin’s statement on Wednesday, calling it an “unfortunate sound bite.”

Jun 01 07:16

Rogers: US Dollar Will Lose Status By 2030, BRICS & Iran Building Alternative

The US dollar is becoming less desirable for investors as US debt continues to rise and the dollar is printed to cover it, American investor Jim Rogers admitted at the St. Petersburg International Economic Forum (SPIEF).

“The dollar will be higher than it is now because the turmoil is coming. Then it is going to be overpriced and people will look around and say, ‘America’s got the biggest debt in the history of the world. It’s printing money as fast as it can,'” the investor stressed.

According to Rogers, the US currency will lose its status as the major reserve currency well before 2030, and Brazil, Russia, China, India, Iran and other developing countries will be looked at as alternatives.

Jun 01 07:14

TRADE WAR DEEPENS: EU launches WTO case against Trump in furious reaction to steel tariffs

THE EU has vowed to react furiously after the US slapped it with massive tariffs on steel and aluminium in a move that cost could firms in the bloc billions of pounds.

US President Donald Trump promised to impose tariffs, claiming trade across the Atlantic was a one-way street.

The EU had demanded a permanent exemption from the tariffs following a temporary one being granted in April, but the plea has been rejected by US Commerce Secretary Wilbur Ross.

French Finance Minister Bruno Le Maire had earlier met with Mr Ross in a last ditch attempt to prevent the tariffs being imposed, but they failed to come to an agreement.

Jun 01 06:58

Even #HODLers are selling......$BTC

Jun 01 05:39

The FANG stocks won’t save you

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