ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Jun 13 08:14

The War On Cash: Officially Sanctioned Theft

Jun 13 05:37

Secret War on Cash: “Discussions at Bilderberg Centered Around Capital Controls, Abolition of Cash”

The world’s elite are meeting in secret this week at the Bilderberg meeting, set at a luxury resort in Telfs-Buchen, Austria.

Investigative journalists have confirmed that the private discussions among top power brokers across the globe include arrangements to restrict currency and penalize – or ultimately even ban – cash.

Read more at SHTFplan.com

Jun 13 03:43

Currency Wars Claim Another Victim

Jun 13 01:32

Fedspeak - How Transitory Is the Q1 Slowdown?

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Jun 12 14:50

Household Stock Investment Is At 2007 Levels

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Jun 12 14:29

Has Rahm Emanuel lost his financial nerve?

He's just won re-election, with his clout presumably now as great as it ever will be.

He has a first-class financial crisis to take advantage of—and constituents, especially in the business community, who know the time really has come to make tough decisions.

So why is Mayor Rahm Emanuel suddenly acting like a fiscal wimp, engaging in the kind of can-kicking that got Chicago into trouble?

Webmaster's Commentary: 

Because there is nothing else he can do!

Jun 12 14:20

The revealing remarks of a central banker

Remarks last week by the governor of the Bank of Japan, Haruhiko Kuroda, likening the efforts of central bankers to keep the global financial system afloat to the ability of J. M. Barrie’s fictional character Peter Pan to fly are both extraordinary and revealing.

Jun 12 14:19

Obama making bid to diversify wealthy neighborhoods

The Obama administration is moving forward with regulations designed to help diversify America’s wealthier neighborhoods, drawing fire from critics who decry the proposal as executive overreach in search of an “unrealistic utopia.”

Jun 12 14:11

Netflix Accounts for 33% of Internet Traffic

According to new research, Netflix accounts for just over 33% of non-mobile internet traffic.

Jun 12 14:10

Apple Computers are Hacked!

A security researcher recently discovered that some Apple computers have terrible security flaw that makes them susceptible to hackers’ attacks.

Jun 12 14:10

Will “Sideline Cash” Rescue This Market?

Jun 12 14:09

Graduate Gifts $400M to Harvard

Recently, Harvard received the largest monetary donation in the school’s history, $400M.

Jun 12 14:08

66% of U.S. Workers Don’t Take Parental Leave

It seems that American workers are reluctant to take time off from work, even after the arrival of a new baby.

Jun 12 13:59

BREAKTHROUGH Real Estate Investing Strategy

Jun 12 13:06

Europe’s economic war on Israel

When it comes to dealing with the increasing calls to boycott, divest from and sanction Israel, the United States and Europe are moving in two opposite directions.

Last week, South Carolina Gov. Nikki Haley signed into law legislation that bars public entities from conducting business with companies that discriminate against Israel. It’s the first of its kind, though other states are likely to follow suit.

Webmaster's Commentary: 

But of course it was okay when Germany was the target!

Click for larger image

Jun 12 12:36

Steer Clear of Overvalued Chinese Shares

Jun 12 12:35

This Poor Coconut seller was insulted by a Rich man

Jun 12 12:33

ime to Settle the Bill: PM Yatsenyuk Hesitates, Asks for Debt Restructure

Ukraine’s foreign debt should be restructured on reasonable terms for Kiev, otherwise the government will not repay loans, Prime Minister Arseniy Yatsenyuk said.
Ukraine owes $42 billion to its foreign creditors. The government offered its private lenders a reconstruction plan to try to repay its debt, the prime minister said.

"We didn't borrow this money, but we'll restructure it [foreign debt], we'll remove the burden from our future generations," Yatsenyuk said, adding that the debt has to be restructured on favorable terms for Kiev, otherwise Ukraine will crumble.

Yatsenyuk also blamed the previous government of Viktor Yanukovych, stating that it was the former president who borrowed all this money. Thus, creditors, in his mind, should cut some slack for the new government now.

To Pay Off Gov't Debt, Every Ukrainian Must Pay $1,000 to Foreign Creditors

Webmaster's Commentary: 

It will be interesting to see just how much slack the country's creditors are going to be willing to give Ukraine; otherwise, they are looking at a complete economic collapse.

Jun 12 11:53

How Companies Mask Runaway Inflation

Jun 12 11:49

Be Prepared For When The Economy Collapses

Jun 12 11:33

Cynthia McKinney: "We've Crazy People Who Are In Deep State And Want Hot War With Russia And China"

Jun 12 11:29

Democrats kill Obama’s trade push

Webmaster's Commentary: 

No, We The People killed it, and we will kill all these trade deals and bills negotiated and voted on in secrecy!

Jun 12 11:08

House Rejects Trade Bill, Rebuffing Obama’s Dramatic Appeal

House Democrats rebuffed a dramatic personal appeal from President Obama on Friday, torpedoing his ambitious push to expand his trade negotiating power — and, quite likely, his chance to secure a legacy-defining trade accord spanning the Pacific Ocean.

Webmaster's Commentary: 

I have a 50 mil Palestinian silver coin that says Obama tries to end-run the Congress with another Executive Order!

Jun 12 10:55

Razor-edge U.S. Congress vote to decide fate of Obama Pacific trade pact

Lawmakers to debate worker aid, fast track

Webmaster's Commentary: 

Worker-aid just got voted down! This is the bill that would have gutted Medicare to pay Americans who lost their jobs due to TTP and TTIP.

Jun 12 10:53

I Went to a Texas Jail to Roast the Inmates; Here's What I Learned About Incarceration in America

I admit I roasted these people for sheer entertainment purposes -- but also to get myself a glimpse into the American prison system. It's broken. We say we're a free country but we lock up more people than anywhere else on Earth. Almost two MILLION American children have a parent locked up right now. We have more jails and prisons in America than colleges and universities. All this is still hard for me to comprehend. What's happening in this country? Wayne Dicky, the jail administrator who proudly allowed me access to his facility, told me that American jails are de facto mental health facilities. Back in the seventies many psychiatric hospitals were shut down. Now all those people needing mental help wind up in jail instead. I freely walked around the cells and dorms and saw the insanity first hand. We tuck so many damaged people away and forget about them -- like human dust.

Webmaster's Commentary: 

A memo to Jeff Ross: treatment of criminals is engineered in this country to keep recidivism rates high; that's job security for everyone involved in the system, and keeps the money flowing.

The US has the highest number of people incarcerated in the industrial world; that's a fact.

And that fact really bothers me when countries like Sweden are closing down many of their prisons, because they don't have enough inmates to fill them. And the reason this is happening is that in Sweden, the total emphasis is on rehabilitation.

But of course, the movers and shakers in the American penal system believe they have absolutely NOTHING to learn from this.

Jun 12 10:49

The Top 1% of America’s Top 1%

Almost all of the income to the top tenth of 1% is going actually to the top hundredth of 1%: the wealthiest of the billionaires are getting almost everything. An extreme case: in 2012, the top 0.01% got 5.81% of the income, wherease the top 0.10% got 5.90% of the income. All the rest of the top 0.10%, who were 0.09% of the total population, received only 0.09% of the income, which means that they relatively benefited neither more nor less than did the rest of the U.S. population. So: look only on the billionaires lists in order to find the real beneficiaries that year.

Jun 12 10:37

THERE’S BIPARTISAN HATRED TOWARDS TPP … BUT CORRUPT CONGRESS TRYING TO PASS IT, ANYWAY

Unfortunately, neither Democratic or Republican Congress people represent the interests of the American people. Indeed, America is no longer a democracy or republic … it’s officially an oligarchy. And the allowance of unlimited campaign spending allows the oligarchs – even foreign ones – to purchase politicians more directly than ever.

So TPP will pass unless we raise hell.

Webmaster's Commentary: 

All who vote for this bill are traitors to their alleged constituents, and proving that they only represent the interests of the monied, who I am certain, are paying them well for their efforts.

It should be painfully clear to anyone with half a brain in this country that Congress doesn't represent We the People at this point in this country's history.

The real trick here will be changing the situation without the violence and riots the US government is absolutely ready and able to suppress with extreme prejudice.

Possibly the best way would be for a voting option on all national ballots which states "None of the Above", at which point some candidates worthy of the title of Congressional Representative might emerge.

This may well be wishful thinking on my part, but I have become so thoroughly disenchanted with the US political process, that right now, I couldn't hold my nose and vote for ANY of the "usual suspects" running for President. A choice between two evils... is still evil.

The sociopathic proclivities of those who rise to the top in American politics is pretty scary.

Jun 12 09:58

Our view: We’re hoping mileage taxes run out of gas

Politicians don’t like it when tax revenue decreases for any reason, even if they pretend to want us to reduce our carbon footprint. (Isn’t using 1.4 billion gallons less gasoline per year proof that Californians care about the environment?) But the rush to go green doesn’t mean our state leaders want to give up all that green they so enjoy spending, does it?

Jun 12 09:37

Buh-Bye, $$$! Russia considers issuing state debt in Yuan

Russia is about to take another major step towards liberating the Ruble from the Dollar System. Its Finance Ministry just revealed it is considering issuing Russian state debt in Chinese Yuan. That would be an elegant way to decouple from the dependence and blackmail pressures from the US Treasury financial terrorism operations while at the same time strengthening the bonds between China and Russia–Washington’s worst geopolitical nightmare.

Webmaster's Commentary: 

"You can't DO that!!!" -- Official White Horse Souse

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Jun 12 08:59

As Currency Dies, Zimbabweans Will Get $5 for 175 Quadrillion Zimbucks

Zimbabweans will start exchanging ‘quadrillions’ of local dollars for a few U.S. dollars next week, as President Robert Mugabe’s government discards its virtually worthless national currency, the central bank said on Thursday. The southern African country started using foreign currencies like the U.S. dollar and South African rand in 2009 after the Zimbabwean dollar was ruined by hyper-inflation, which hit 500 billion percent in 2008.

Jun 12 08:41

The Bulls Are “Out of Shape!”

Jun 12 08:31

House Votes To Change Law Due To Trade Agreement, While Insisting That Trade Agreements Don't Change Laws

Two weeks ago, the House Agriculture Committee voted 38-6 to repeal country-of-origin-labeling. (COOL), and now it's the full House's turn. In a 300-131 vote yesterday the "country of Origin Labeling Amendments Act" (HR 2393) passed with the support of a significant number of Democrats as well as the majority of Republicans.

The bill's prompting and passage came after the World Trade Organisation ruled in favor of Canadian farmers, who sued claiming it was "discriminatory" and thus in violation of Free Trade Agreements. The problem? Cattle bought from abroad would have to be segregated from domestic cattle, increasing costs and making imports less desirable.

With Fast Track coming up for a vote -- perhaps even today -- it's curious to see this snippet in the Associated Press report on the vote by the Speaker of the House:

Jun 12 08:30

Obama Visits Congress Ahead of Key Trade Bill Vote

President Barack Obama went to Capitol Hill Friday to make a last minute appeal to fellow Democrats to support his ambitious Asia-Pacific free trade agenda, ahead of a key vote in the House of Representatives on whether to extend crucial "fast-track" negotiating authority to the White House.

Jun 12 08:30

Bernie Sanders pressures Hillary Clinton to take a stand on trade deal

Sen. Bernie Sanders, the independent senator from Vermont who's running for the Democratic presidential nomination, has been saying for weeks that Hillary Clinton should take a stand on the Trans-Pacific Partnership (TPP), the 12-nation trade agreement currently under negotiation.

This week, ahead of Friday's House vote on giving the president trade promotion authority, Sanders turned up the heat on Clinton.

"I frankly don't understand how you could be a major candidate for president of the United States -- Hillary Clinton, or anybody else -- and not have an opinion on that issue," he said in an interview with Bloomberg's Al Hunt on the Charlie Rose Show on Thursday. Asked if Clinton's stance amounts to a "cop out," Sanders said yes.

Jun 12 08:29

Paul Ryan: ‘We Have the Votes for Trade Promotion Authority

On Friday’s “Squawk Box” on CNBC, Rep. Paul Ryan, one of the more outspoken proponents of the controversial Trade Promotion Authority, told “Squawk Box” co-host Joe Kernan that he believed the House has the votes for the measure.

Jun 12 08:22

Silver Lows and Bubble Bonds

Jun 12 07:10

MERS Outbreak Affects South Korean Economy

South Korea is plagued with a rising death toll in its third week as the MERS virus spreads throughout the country. Analysts believe the outbreak will worsen the economy, as tourists stay away and locals remain at home.

Jun 12 04:11

Higher Interest Rates Hit the Housing Market

Jun 12 03:41

I saw a white woman with 7 kids in Walmart today

I saw a white woman with seven kids in Walmart today, in a nice little town called Pratt, Kansas. She looked like she was Amish, they were very simply dressed with matching home-made dresses & outfits, very well mannered & obedient. So cute! I couldn't resist so I got $20 out of my wallet and went to find them. They had walked over to the next isle... Celebrate big families the next time you see one, it may be the hope for the future of our society, and against the culture of death!

Jun 11 21:57

Varoufakis: Greece's creditors have turned negotiations into a war

Greek Finance Minister Yanis Varoufakis has criticised Greece's creditors for making "no concessions" and turning the negotiations "into a war". In an interview with Germany's Tagesspiegel he explains why a plan for debt restructuring is a Greek prerequisite for an agreement.

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