ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Jun 09 15:23

ETF investors abandoning gold in droves

Jun 09 14:58

Alexis Tsipras - Let’s not be fooled

After five years, we need a definitive solution, both for Greece and for Europe. A solution that will put an end to the policy of unrealistic surpluses and austerity and which will ensure the sustainability of the Greek debt.

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Jun 09 11:24

Student Loan Debt Could Destroy Your Retirement

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Jun 09 11:03

MEET RCEP: YET ANOTHER BIG BAD TRADE AGREEMENT NO ONE HAS HEARD OF

Between the ten member states of the Association of Southeast Asian Nations (ASEAN) (Brunei, Burma (Myanmar), Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand, Vietnam) and the six states with which ASEAN has existing FTAs (Australia, China, India, Japan, South Korea and New Zealand). RCEP negotiations were formally launched in November 2012 at the ASEAN Summit in Cambodia.

Jun 09 10:52

MORE BANKER DEATHS: GILLIGAN AT AMERICAN EXPRESS, NOYCE AT GOLDMAN SACHS, AND 29-YEAR-OLD THOMAS J. HUGHES

Governments, and the lamestream media, do not appear to be interested.

Jun 09 10:42

Obama blasts Supreme Court for accepting challenge to health care law

President Obama assaulted the nation's top court and seemed to criticize the U.S. legal system as a whole Monday, with the former constitutional law professor declaring that the Supreme Court was wrong to even accept a challenge to his signature health care reform law and deriding the fact that an “individual district court judge” was able to derail his deportation amnesty.

Webmaster's Commentary: 

Obama's getting too big for his britches! He seems to forget that as the head of the Executive Branch, his job is to execute the will of the Congress, but only after the Supreme Court verifies the Constitutionality of the law. The President presides, he does not dictate. Obama has forgotten that simple rule.

Jun 09 10:37

Harper Shrugs as Foreigners Snap up Canadian-Owned Companies

While many Canadians are distressed by the loss of iconic Canadian companies like the Hudson's Bay Company and Tim Hortons, the same can't be said of our governments. They have mechanisms at their disposal to stop the wholesale sell-off of our nation, but they fail to act. Under Stephen Harper, we have continued to bid goodbye to far too many of our home-grown success stories. How will we ever recover these assets when they are gone?

Jun 09 10:30

Carbon Credits: The Future World Currency

You know, those predatory loans globalists offer 3rd world countries knowing they will never be able to produce a high enough GDP to even service the interest on the debt, let alone the principle? Then just like with every other situation in regards to this scam, once they fail to pay back the loans, the IMF and World Bank take control of all the resources and production, and give it back to industrialized countries’ corporate entities.

Finally, as a solution, a conference or summit is formed, usually by none other than, the U.N. The conference is held and blame is put on the super powers for the “rise” in greenhouse gasses and ocean temperatures.

The solution? Implement one of two options, or possibly a mix of the two.

Jun 09 10:21

BILDERBERG & TRADE TREATIES: THE SHADOW GOVERNMENT THAT RULES THE WORLD

Julian Assange and Wikileaks exposed part of the secret behind Obama’s Trans Pacific Partnership, which leading Republicans signed. Senator Jeff Sessions, a Republican from Alabama, was one of the few senators who publicly challenged the secret Obama treaty that, according to the 17 documents released by Wikileaks, will cover over 80% of the U.S. economy and create what Sessions called “global governance,” establishing a global government without the knowledge or consent of the America people.

Jun 09 10:18

Deutsche Bank Offices Raided By Authorities

Just two days after Deutsche Bank co-CEOs Anshu Jain and Jürgen Fitschen announced their resignations, the bank's offices in Germany, France, and the UK have been searched by authorities.

Jun 09 09:54

The Safe Bet May Be Greece Joining the BRICS

Demands for more austerity for Greeks at the G7 may have just pushed Athens to join the Eurasian Economic Union (EEU) and Shanghai Cooperation Organization (SCO)

Jun 09 09:34

CRS: 40% of US Adults Are Unemployed

Jun 09 09:05

Gold as constitutional money

Jun 09 08:53

EMAILS: CORPORATE LOBBYIST THANKS US TRADE REP FOR PASTING HIS WISH-LIST RIGHT INTO TPP

A Freedom of Information Act lawsuit has extracted emails between corporate lobbyists and US Trade Rep officials working on the secretive, corrupt Trans Pacific Partnership treaty. No one is allowed to know what's in TPP -- members of Congress were kept in the dark until the last minute, then threatened with prison if they blabbed. But of course, America's top corporate lobbyists not only got to see TPP, they helped to write it.

Jun 09 08:41

The road leads to Paris.

November 30th - December 11th 2015

World Leaders will gather in Paris to negotiate an international agreement to reduce the global warming pollution that causes climate change.

Webmaster's Commentary: 

Anyone want to bet how much snow they will be holding this meeting in?

Jun 09 08:23

Forget the G7 summit – Bilderberg is where the big guns go

Covering issues from Europe to terrorism and IT, the lesser known Bilderberg policy conference includes prime ministers, CEOs from banks, airlines, oil and the arms industry, and even George Osborne

Jun 09 08:22

Obama, Merkel present united front for more austerity in Greece

On Sunday, in a bilateral meeting ahead of Group of Seven (G7) talks, US President Barack Obama and German Chancellor Angela Merkel discussed the Greek crisis. Reuters, reporting the comments of Obama’s spokesman, said:

“The two leaders agreed Greece must reform and return to sustainable long-term growth, with Obama hopeful Athens and its partners can chart that course without causing volatility in financial markets. …”

Jun 09 08:01

Sentiment Stinks... And That's a Good Sign

Jun 09 07:36

U.S. tech companies expected to lose more than $35 billion due to NSA spying

U.S. companies will likely lose more than $35 billion in foreign business as a result of the vast NSA-surveillance operations revealed by Edward Snowden, according to a new report from the Information Technology and Innovation Foundation (ITIF).

"Foreign customers are shunning U.S. companies," the report asserts, causing American businesses to lose out on foreign contracts and pushing other countries to create protectionist policies that block American businesses out of foreign markets."

Jun 09 06:16

A Technical Review Of Stocks And Bonds

Jun 09 00:31

Deutsche Bank CEOs resign following Libor manipulation scandal

How about sending them to jail for a change...

Jun 08 20:49

Comparison website 'that only pushes banks paying commission': Customers lost out on up to £500 a year in interest after being misled into thinking they were getting best deal

A price comparison site only advertised savings accounts for banks it had a financial agreement with, it was claimed last night.

An investigation found that customers lost out on up to £500 a year in interest payments after being misled into thinking they were buying the best deal in the market.

In fact, Confused.com listed just ten savings accounts from the eight companies ‘it seems to have deals with’, instead of the best available, investigators from Channel 4’s Dispatches claimed.

Jun 08 20:15

Las Vegas Strip Club Recruiting High School Graduates

Marzullo says he is offering a way for young women 18 and older to make good money in a struggling economy. He says entertainers at his club make up to $1,000 a night and he has noticed more and more women turning to stripping to help with rising college costs.

Jun 08 20:10

6 Things That Could’ve Been Bought With The $1.5 Trillion The Government Spent Developing The F-35 Fighter Jet

With huge design flaws, the enormously expensive F-35 fighter jet is completely unsuitable for combat. Uncle Sam’s expenditure on this jet is just the latest astonishing example of out-of-control government spending. Here are some other things that could’ve been purchased with the $1.5 trillion that the F-35 cost to develop.

Jun 08 18:58

U.S. and World Economies Slowing Down?

According to a new report, the U.S. and world economic growth projected for the remainder of 2015 is expected to be lower than what was originally thought.

Jun 08 18:54

U.S. Car Sales Up in May

According to new reports, car sales in the U.S. were higher than expected in May due to Memorial Day promotions and a strong demand for SUVs.

Jun 08 18:48

Google Photo Storage Free, But is it Secure?

Google Photos, a new service of Google, rolled out recently as a free option for users to store and share photos. It's free to use, but it may not be the most secure option.

Jun 08 18:42

$15 Minimum Wage Approved in Los Angeles

The Los Angeles city council tentatively approved a $15 minimum wage at it’s meeting Wednesday. The wage will be increased up to $15 an hour by 2020.

Jun 08 18:42

Fewer Students are Going to College

While the strengthening economy and return of jobs is usually something to celebrate, it is likely the culprit behind declining college enrollment as more take their changes in the job market.

Jun 08 15:57

Bye Bye Middle Class: Billionaire Says Robots and Artificial Intelligence Will Wipe Out Jobs, Accelerate Wealth Gap

Rupert blasted the actions of “.1 percent of .1 percent,” or roughly the upper 7,000 individuals of the population, which paints with a narrower brush than the general class warfare slogans against the 1%, who instead make up an enormous 70 million people across the globe. Bloomberg reported:

“How is society going to cope with structural unemployment and the envy, hatred and the social warfare?” he said. “We are destroying the middle classes at this stage and it will affect us. It’s unfair. So that’s what keeps me awake at night.”

Read more at SHTFplan.com

Jun 08 15:00

FIFA Scandal Highlights Corruption in Global Financial System

The President of international soccer’s governing body, the Federation Internationale de Football Association (FIFA), is resigning amid corruption allegations. Sepp Blatter led FIFA for 17 years before resigning June 2 after winning re-election to another term as the organization’s leader. Just before his resignation, Swiss authorities arrested seven FIFA executives as part of an FBI probe that indicted 14 people on bribery and corruption charges. Twenty-six banks are named in the indictment, including major US firms such as Citigroup and JP Morgan Chase.

Jun 08 14:46

Why Is The EU Forcing European Nations To Adopt ‘Bail-In’ Legislation By The End Of The Summer?

Are they expecting something to happen? As you will read about below, the European Union says that any nation within the EU that does not enact “bail-in” legislation within the next two months will face legal action. The countries that are being threatened in this manner include Italy and France. If you fast forward two months from this moment, that puts us in early August. So clearly the European Union wants everything to be squared away by the end of the summer. Is there a reason for this? Are they anticipating that something really bad will happen in September or thereafter? Why such a rush?

We all remember what happened when major banks were “bailed out” during the last financial crisis. A tremendous amount of taxpayer money was given to the big banks to help prop them up so they wouldn’t fail. This greatly upset a lot of people.

Jun 08 14:27

US states face wide budget deficits 6 years into economic recovery

Many American states are still facing significant budget deficits even though the US economy is in its sixth year of recovery from the Great Recession.

Dozens of states continue to face major funding gaps that have locked state legislatures in prolonged battles with governors, threatening major spending cuts and widespread government layoffs, The New York Times reports.

Jun 08 14:16

Los Angeles homeless population grew by 16 percent since 2013

According to a recent survey, the population of homeless people in the Los Angeles area has increased 16 percent since 2013, leading to the mushrooming growth of tent cities and other encampments.

Every two years, the Los Angeles Homeless Services Authority releases a count of the homeless population of Los Angeles County, excluding Long Beach, Pasadena and Glendale. This year’s count, taken in January 2015, jumped to 41,174, up from 35,524 in 2013.

Jun 08 14:15

Experts warn British govt. against further cuts to social care

A further £1bn in cuts to social care will hit thousands of Britons, experts say.

Over £1bn worth of funding will be taken from social care services in the next year alone, leaving thousands of elderly and disabled people unable to perform basic tasks such as dressing, eating and washing, council care bosses have warned.

Jun 08 13:51

Social Control in Europe: Virtual Jobs

As the economy in Europe festers the New York Times reports that the ranks of the Eurozone’s unemployed are finding solace in a curious parallel economy populated by thousands of counterfeit businesses known as “practice firms.”

Jun 08 13:51

Bilderberg 2015: Implementation of the A.I. Grid

By Jay Dyer

The plan to integrate nations into continental trading blocs is not a new idea. In Dr. Carroll Quigley’s Tragedy and Hope, reference is made to the plan of the Third Reich to create global trading blocs, which itself is an older British Royal Society plan. Daniel Estulin, in his The Bilderberg Group and Shadow Masters provides detailed investigations into both Bilderberg and its many-headed Hydra organization, exemplified in Captain America 2: Winter Soldier. Founded by Prince Bernhard of the Netherlands, as well as numerous other Atlanticist elites like David Rockefeller, Paul Van Zeeland and numerous other media barons, corporate heads, bankers, and countless other people better than us.

Jun 08 13:44

Obama Pushes for Fast-Track TTIP Deal as EU Opposition Grows

President Barack Obama is using side-meetings at the G7 talks in Germany to push his trade agenda to speed up the already slow negotiations over the controversial Transatlantic Trade and Investment Partnership (TTIP) in the face of increasing opposition on both sides of the Atlantic.

Jun 08 13:35

Greece told to strike a deal or face 'dramatic consequences'

Greece's creditors are losing patience with the country's uncompromising stance on its debt obligations, with the heads of the European Parliament and Commission calling on Alexis Tsipras's government to find common ground for a deal or face "dramatic consequences".

Jun 08 13:30

Yellen: Fed won't comply with House subpoena yet

Federal Reserve Chairwoman Janet Yellen told lawmakers Friday that the central bank will not fully comply with a congressional subpoena, saying it could jeopardize an ongoing criminal probe into a leak of sensitive information.

Webmaster's Commentary: 

Confirmation of Allen Greenspan's comment that the Federal Reserve answers to no government authority!

Jun 08 13:29

New York food banks running out of food: Report

Food banks across the US state of New York are running out of food, amid falling funds and rising demand from people that have trouble affording food.

Jun 08 13:28

An Economic Reason for the US vs. China Conflict

There are many reasons that the US is pushing on China in the South China Sea. Two articles have been published on Counterpunch in recent weeks exploring “why?” None mention an important economic reason that has, at least in part, motivated the US to go to war and is very much at stake in the growing dispute with China: the value of the dollar.

Jun 08 13:25

Why The American Middle Class Is Shrinking

Jun 08 13:11

LAND OF THE DEBT SERF – HOW “AUTO TITLE LOAN” COMPANIES ARE RUTHLESSLY PREYING ON AMERICA’S GROWING UNDERCLASS

Short-term lenders, seeking a detour around newly toughened restrictions on payday and other small loans, are pushing Americans to borrow more money than they often need by using their debt-free autos as collateral. Their hefty principal and high interest rates are creating another avenue that traps unwary consumers in a cycle of debt. For about 1 out of 9 borrowers, the loan ends with their vehicles being repossessed…

Jun 08 13:10

The Topless Dancer, Slavery and the Origins of Capitalism

In the middle of May, I blogged an excerpt from an unpublished comic book memoir I did with Harvey Pekar in 2008. It covered my experience in Houston in the mid-seventies, part of which involved an affair with a comrade who had been dancing in Montrose just before I arrived, a neighborhood that mixed bohemia, gay and topless bars, and apartment complexes geared to swingers in double-knit suits.

Jun 08 12:47

The Economic Consequences of Austerity

On 5 June 1919, John Maynard Keynes wrote to the prime minister of Britain, David Lloyd George, “I ought to let you know that on Saturday I am slipping away from this scene of nightmare. I can do no more good here.” Thus ended Keynes’s role as the official representative of the British Treasury at the Paris Peace Conference. It liberated Keynes from complicity in the Treaty of Versailles (to be signed later that month), which he detested.

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