ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Mar 25 16:21

Dollar drops below 57 to Ruble.

Mar 25 16:06

9 Surprising Industries Profiting Handsomely from America's Insane Prison System

By Alex Henderson / AlterNet

It's no coincidence that the United States now imprisons more of its people than any other country in the world: mass incarceration has become a giant industry in the U.S., resulting in huge profits not only for private prison companies, but also, for everything from food companies and telecoms to all the businesses that are using prison labor to cut their manufacturing costs....

Mar 25 15:35

Canada police attack students at anti-austerity rally

Police have attacked thousands of student demonstrators protesting against education cuts in the Canadian province of Quebec.

Mar 25 15:04

Ted Cruz rails against ‘crony capitalism’ — and praises wife’s Goldman Sachs career

Ted Cruz is sounding off against Wall Street and financial institutions, including Goldman Sachs, where his wife, Heidi, works as a managing director in Houston.

Asked whether Goldman Sachs is a positive or negative force in society, the Texas senator and recently declared Republican presidential candidate told Bloomberg Politics on Tuesday that there’s a little bit of both.

Mar 25 15:03

Kicked to the Curb (Why the USA is the Michael Brown of nations.)

I begin to understand why the death of Ferguson, Mo, teen Michael Brown sent such shock waves through America last year. He truly symbolized our country: an overgrown, oafish, wannabe thug making one bad choice after another until his final, suicidal lurch against authority — followed by all the exculpatory lying on his behalf: the “gentle giant,” hands up, don’t shoot! This is exactly how America acts on the world stage these days. We are the Michael Brown among nations, high on exceptionalism, stoned on entitlement, swaggering moronically from one place to another grabbing what we feel like, smashing things up as we go.

Also, as in the case of the actual Michael Brown, supposedly sentient observers do not have the guts to call bullshit on all the excuses we make for ourselves. Has any self-styled presidential candidate made a peep about America’s idiotic campaign to make Ukraine the 51st state? Has Hillary (“It’s Her Turn”) Clinton asked publically why the US is egging on NATO to stage military exercises on the Russian border? Do we still have a senate Foreign Relations Committee, and does it convene once in a while? Is The New York Times so preoccupied with its “Gay Cities” index it forgot that the world is full of serious conflicts and hazards that extend beyond the choosing of apartment décor?

Mar 25 14:16

The Gig Is Up: Money, the Federal Reserve and You

Populist lawyer, Gary Fielder, presents “The Gig Is Up: Money, the Federal Reserve and You. Live from Wolfe Hall at The University of Colorado School of Law, on December 4, 2008, Mr. Fielder, a criminal and constitutional lawyer from Denver, Colorado, presents a power point and video presentation on the creation of money with an historical analysis of our current banking system. With quotes from Ben Franklin, Thomas Jefferson, Abe Lincoln, Ron Paul, Dennis Kucinich and many others, Fielder makes his case to abolish the Federal Reserve and return to a sound and honest money system. Fractional Reserve Banking. Currency. Amero. World Government. International Banking.

Mar 25 13:58

Must Watch: AMERICANS ARE BROKE & UNPREPARED

Mar 25 13:44

Bizarre Federal Ultimatum Could Land Innocent Woman Behind Bars

Doreen Hendrickson is a mild-mannered and demure mother of two. She seems more like someone you would see at a church picnic rather than in a jail house.

Thanks to the dirty tricks and heavy hands of the authoritarian federal government, she may be incarcerated very soon. Denied her basic rights in the court of law, Doreen Hendrickson was convicted of contempt of court on July 25, 2014.

Her tale is certainly unusual.

Doreen Hendrickson, along with her husband Pete, are libertarian activists who file tax returns in an unconventional way and encourage others to do the same. Because of this, Doreen was charged by the federal government with defying two court orders.

Mar 25 13:19

America Is No Longer A Republic Or A Democracy

Last week was bad for the dollar, but good for US stocks. On Friday, the greenback capped its worst five days of trading in four years. The Dow rose another 168 points – or nearly 1%.

This took place after Madame Yellen, proprietress of the House of the Rising Stock Market, said she would neither be patient nor impatient about raising rates.

Investors drew the obvious conclusion: She has no idea what she is doing. Until she finds a clue, or is startled out of her paralysis by events, it is business as usual.

The piano player will keep his head down. The bartender will keep the liquor flowing. The cardsharps will keep pulling aces out of their sleeves. And the girls upstairs will continue plying their trade.

Mar 25 12:46

Regional Banks Say Regulation Costs Too High

Senator Elizabeth Warren challenges attempt to exempt regional banks with less than $250 billion from Dodd-Frank regulation

Mar 25 12:34

France Enacts Strict Crackdown on Cash Payments Because Charlie Hebdo Attackers Used Cash

Following reports that the terrorists behind the Charlie Hebdo attacks purchased some of their equipment with cash, France has enacted a strict crackdown on the use of cash by citizens and foreign travelers, including bans on cash payments over certain amounts.

Mar 25 12:21

Dow drops 200 points as economy shows cracks

Wall Street is no longer cheering bad economic news.

For weeks the stock market rallied on every economic speed bump. Investors figured the growing pains would force the Federal Reserve to keep interest rates extremely low for longer and longer.

That annoying and somewhat perverse trend ended on Wednesday, at least temporarily. The Dow slid 200 points and the Nasdaq tumbled nearly 1.6% after the latest in a long line of alarming economic reports. The S&P 500 declined almost 1%.

Mar 25 12:03

Chris Christie Privatizes New Jersey's Water

Mar 25 11:26

Stand Up - Claire Rivero's latest song!

Webmaster's Commentary: 

Obamacare is now five years old, millions are still uninsured, and the Obamacare-compliant policies are more expensive and provide less coverage!

Mar 25 11:13

WEALTHY ELITES PAID $40 MILLION FOR EXCLUSIVE RIGHTS TO GROW MARIJUANA IN OHIO

It appears that momentum is building in Ohio to make it the fifth state to legalize marijuana for recreational use. However, the proposed amendment to legalize the plant is shrouded in controversy, as many pro-marijuana advocates are outraged over benefits the investors behind the amendment are set to receive if it passes in this November.

Mar 25 11:12

Comcast pushes back closing for Time Warner Cable merger

Cable giant Comcast Corp. said Wednesday it expects its merger with Time Warner Cable Inc. to close in the middle of the year, a delay from its earlier guidance that it would be completed in early 2015.

Mar 25 11:09

The Budget That Republicans Want To Pass In Congress

Republican Congressman Thomas Price.

By Tom Price, a Republican congressman from Georgia and Chairman of the Budget Committee of the House of Representatives.

At the core of the character of America is a fundamental belief that we as a people, we must always strive to build a better, more innovative, open and free society. When we look at America today, we see a nation that is not up to its economic potential or leadership, and the reason for this has nothing to do with the quality and character of the American people. Instead, Washington has been unable or unwilling to address the major challenges with positive solutions.

http://whatisusa.info/the-budget-that-republicans-want-to-pass-in-cong...

Mar 25 11:04

Conflict in Ukraine wipes out 25% of country's economy

Ukraine’s economy has contracted by a quarter due to the conflict in the south east of the country as hundreds of facilities are closed, said Prime Minister Arseny Yatsenyuk.

“We’ve lost a quarter of the Ukrainian economy. Hundreds of facilities were closed because of war...” Yatsenyuk said on Tuesday in a conference call to regional governors over budget fulfillment.

Mar 25 11:04

Real unemployment is double the ‘official’ unemployment rate

WEBMASTER ADDITION: Much more than "double."

Mar 25 10:59

Did De-Dollarization Just Reach Escape Velocity? China's New Silk Road & Putin's Eurasian Trade Network

Westward Ho On China's Eurasia BRIC Road

“…it is imperative that no Eurasian challenger (to the U.S.)

emerges capable of dominating Eurasia

and thus also of challenging America”

Zbigniew Brzezinski, The Grand Chessboard, 1997

What’s in a name, rather an ideogram? Everything. A single Chinese character – jie (for “between”) – graphically illustrates the key foreign policy initiative of the new Chinese dream.

Mar 25 10:32

Our Nation Depends on Restoring Product Liability

At the height of its power, ancient Rome created many new technologies which allowed it to become the supreme power over their portion of the world. These accomplishments included the invention of concrete, improved metallurgy, medicine, hygiene, plumbing, and sewage. As each of these were developed, Rome came to be dependent on them. As Rome went into decline, their ability to maintain their technologies started to fade. Aqueducts stopped delivery water. Public health failed. Metal rusted. Concrete cracked. Eventually the failure of those systems on which Rome was dependent hastened its eventual fall.

As Mark Twain said, History doesn't repeat, but occasionally it rhymes, and we are seeing in the United States and indeed the entire world many repeats of that same recipe for decline and fall.

Optional Banner: 
WRH Exclusive
Mar 25 09:46

Alasdair Macleod - Gold Price Could be Driven Higher by Panic Demand

When will the Chinese make their next big move? Financial expert Alasdair Macleod says, “Their style is not to go in and disrupt markets. They act very, very quietly. You would hardly know they are there. This is certainly how they have handled their acquisition of gold. I don’t think they would want to be blamed for destabilizing western capital markets. What could happen is if we set a chain of events going that would lead to our own demise, then the Chinese would protect themselves. There is so little gold left in western vaults now . . . anything that changes the really sunny outlook for bonds equities and all the rest of it . . . and for people to realize that people don’t have any gold, that could drive the price sharply higher because there is not enough gold for us to buy. The stocks are very, very low, and anybody who comes into the market is going to have to bid it up to get it.”

Mar 25 09:31

Iain Duncan Smith refuses to meet with food bank charity about poverty – then meets with investment bankers about it instead

Iain Duncan Smith has refused to meet with Britain’s biggest food bank charity for over a year – but has instead held discussions with an American investment bank about tackling child poverty.

The Trussell Trust confirmed again today that its chairman Chris Mould had still not been granted a meeting with Iain Duncan Smith, despite reports as far back as 2013 that he had requested one.

But this week the Department for Work and Pensions disclosed under government transparency rules that Mr Duncan Smith had held a meeting about child poverty with the US investment bank JP Morgan Chase.

Webmaster's Commentary: 

"So, how do we make money off of poor children? Sex slavery? Organ trade? Fertilizer?"

Mar 25 09:22

Toronto’s Plan to Push Outthe Homeless

The agenda of the developers with regard to the central part of Toronto is to complete the creation of an interwoven hive of business, commerce, upscale recreation and high end housing. Standing in the way of this are enduring pockets of housed poverty and a considerable and growing homeless population. Those without housing, very understandably, have tended to gravitate toward the centre of the city and, over many years, shelters and other services have developed in this area. This situation is resented by those working for upscale redevelopment and not only because visible destitution impacts property values and ‘quality of life’ for those with the money to pay for it. It is also the case that the shelters, drop-ins and service agencies that homeless people turn to are located in areas that the forces of gentrification are laying claim to.

Mar 25 09:20

DENMARK LOST BILLIONS TO GOLDMAN SACHS ON DONG DEAL

Denmark lost out on billions of kroner when it sold partial ownership of Dong Energy to American investment firm Goldman Sachs in January 2013, Politiken reported Wednesday. When the Danish government sold an 18 percent stake of Dong to Goldman Sachs, the Finance Ministry calculated the company’s value at 31.5 billion kroner ($4.6 billion).

Mar 25 09:18

Citizens tired of being enslaved by criminal central banks labeled 'anti-capitalist' by mainstream media

The so-called European Central Bank (ECB) recently held its official grand opening at the massive twin towers it now occupies at Willy-Brandt-Platz 2 in Frankfurt while tens of thousands of protesters gathered outside to stand in solidarity against this satanically inspired globalist takeover of Europe's money supply and economy. According to reports, 14 police and 21 protesters were wounded at the rally, as angry freedom-fighters from across Europe gathered as one to reject this fascist coup d'etat.

Mar 25 09:17

Irish Water may deduct unpaid bills from wages and welfare

Irish Water will be able to deduct water bills directly from wages and welfare payments under strengthened compliance measures being considered by the Government.

The introduction of attachment orders in order to increase compliance with water charges marks a step change in the Coalition’s approach to those who do not pay their water bills.

Mar 25 09:15

To people who still think Obama is the answer

Suppose he never intended to bring about a jobs recovery?

Suppose he’s been actively against it for at least six years?

Mar 25 09:14

Austerity hits poor, migrant children hardest – parliamentary report

Children from poor families have been disproportionately harmed by Britain’s austerity policies, a parliamentary report has found. Youngsters' reduced access to legal aid will serve to blacken the government’s human rights legacy, it added.

In a report published on Monday, Britain’s Joint Committee on Human Rights (JCHR), examined the government’s compliance with the UN Convention on the Rights of the Child.

Mar 25 09:12

‘We’re going to succeed in implementing our economic policies’ – Greek minister

What Greece is trying to achieve negotiating with the EU is to have time and political space in order to implement a social program of reform, Greek Minister or Administrative Reform George Katrougalos told RT.

The Greek Prime Minister lexis Tsipras met with German Chancellor Angela Merkel on March, 23 in Berlin to discuss the progress Greece is making to pay back the bailout money it owes.

Mar 25 09:09

Deutsche Bank next up on Libor chopping block - reports

Germany’s largest bank, Deutsche Bank, is reportedly under investigation by New York State over its involvement in manipulating the Libor interest rate, in addition to a separate US Justice Department case.

Mar 25 08:36

Guns, Gold & A Getaway Plan

Mar 25 08:35

Europe's Real Anti-EU Revolution May Be an Individual One

Europe once more sleep-walks towards the abyss ... Both Berlin and Athens have wildly underestimated the financial, economic and geo-political consequences of default ... Not for the first time, Europeans are deluding themselves.

Mar 25 08:11

Colombia invites Russian companies to energy, infrastructure cooperation

Colombia seeks to develop energy cooperation with Russia, Foreign Minister Maria Angela Holguin said after talks with her Russian counterpart Sergey Lavrov on Tuesday.

"Colombia opens a lot of prospects for Russian companies," she said, inviting them to cooperate in the energy sector as well as on infrastructure.

Mar 25 07:31

Cameron Invokes Thatcher with Cheap Propaganda Stunt

Western power trying its best to destabilize foreign countries on the cheap...

With only weeks to go to the British national election and the re-election of a Conservative-led government in doubt after five years of brutal economic austerity, Cameron made the bizarre announcement last week that Britain is going to fund «free market reforms» and «good governance» in eastern European countries. The move invited comparisons with Cold War era British premier Margaret Thatche++r who at the end of the 1980s launched a similar programme to assist former Soviet Bloc countries adopt «free market reforms».

Mar 25 07:28

Water Wars Loom Over California As Farmers Lose Thousands of Jobs: “Wrestling Match Over Who Gets the Water”

Mac Slavo
SHTFplan.com

Some pretty serious water wars have been waged in California for over a century, but the battle is no longer between just big cities like L.A. and the growers who provide the nation’s food. The new wars are being orchestrated and promulgated by the corporate masters of Wall Street and Big Agra.

Attorney Ellen Brown, author of Web of Debt and advocate of banking reform, put together a lengthy article full of some pretty disturbing facts that prove water will become a disruptive commodity bigger enough to strip wealth, assets and rights in California and beyond. It seems that everyone will be fighting for the last drop:

In California’s epic drought, wars over water rights continue, while innovative alternatives for increasing the available water supply go untapped.

Mar 25 07:26

What’s Wrong With Silver?

Silver prices are largely set on the COMEX futures – paper silver. A company can post the margin and sell short thousands of contracts with no actual metal available thereby creating artificial supply. The reverse occurs when some company buys thousands of contracts. It is a paper game, but unfortunately it has tremendous influence on the price of real silver.

Mar 25 07:25

Dem senators warn Obamacare rule 'particularly harmful and disruptive'

Six Democratic senators and one independent have asked the Department of Health and Human Services to a delay a new rule that would likely force small businesses to pay more for employee health insurance under the Affordable Care Act, aka Obamacare. The senators warn that if the administration goes ahead with the change it would be "particularly harmful and disruptive" to small businesses.

Starting in 2016, the Obamacare change will require businesses that employ between 51-100 people to purchase insurance in what the government defines as the "small group market," rather than the market for large group plans. The senators warn that the change will inflate health care costs for those businesses.

Mar 25 07:20

Thousands Of Layoffs Coming After Buffett Merges Heinz With Kraft, Creating 5th Largest Food Company In The World

Another day, another mega-M&A deal taking advantage of abnormally low bond rates, this time however not involving biotechs or a specialty pharma seeking to purchase a debt-free balance sheet, but one involving the Oracle of Omaha himself, and his Heinz investment, which will merge with Kraft Foods whose market cap was over $40 billion this morning on the news of the merger, and create the third largest food and beverage company in the US, and 5th largest in the world.

And while the resulting company will certainly be an unprecedented food giant, one which leaves the US food industry even more concentrated, here is the rationale behind the deal and the punchline for American workers: "significant synergy opportunities." Translation: thousands of layoffs imminent.

Mar 25 06:28

David Stockman warns: The end is near

There is a sea change in the monetary world occurring at this very moment

Mar 24 16:06

Outsourcing to Robots Continues: FLOBOT ''Revolutionizes Cleaning for Big Businesses''

by Jason Erickson

Previous speculations that robots would increasingly displace the human workforce are coming rapidly into better focus. Predictions such as those made by Professor of Computer Science, Moshe Vardi, when he stated that all human work will be fully outsourced to robots and robotic machine intelligence by 2045 now look quite optimistic for humans based on current trends...

Mar 24 14:32

You’re Being Lied To – GMO Labelling Will NOT Make Food More Expensive

Here’s the truth: changing labels has no impact on the price of food. Food companies change their labels all the time to highlight innovations or make new claims. Remember when General Mills changed the Cheerios box to share the good news that its iconic cereal was GMO-free? Did the price change? No.

Mar 24 14:02

California Water Wars: Another Form of Asset Stripping?

In California’s epic drought, wars over water rights continue, while innovative alternatives for increasing the available water supply go untapped.

Wars over California’s limited water supply have been going on for at least a century. Water wars have been the subject of some vintage movies, including the 1958 hit The Big Country starring Gregory Peck, Clint Eastwood’s 1985 Pale Rider, 1995’s Waterworld with Kevin Costner, and the 2005 film Batman Begins. Most acclaimed was the 1975 Academy Award winner Chinatown with Jack Nicholson and Faye Dunaway, involving a plot between a corrupt Los Angeles politician and land speculators to fabricate the 1937 drought in order to force farmers to sell their land at low prices. The plot was rooted in historical fact, reflecting battles between Owens Valley farmers and Los Angeles urbanites over water rights.

Mar 24 13:03

Wall Street Losing Millions From Bad Energy Loans

Oil companies continue to get burned by low oil prices, but the pain is bleeding over into the financial industry. Major banks are suffering huge losses from both directly backing some struggling oil companies, but also from buying high-yield debt that is now going sour.

The Wall Street Journal reported that tens of millions of dollars have gone up in smoke on loans made to the energy industry by Citigroup, Goldman Sachs, and UBS. Loans issued to oil and gas companies have looked increasingly unappetizing, making it difficult for the banks to sell them on the market.

Mar 24 12:49

What if Obamacare never happened?

What would life be like without the Affordable Care Act, or ACA? It's not a completely abstract question, given that the law's fate is now in the hands of the U.S. Supreme Court for a second time.

Mar 24 12:04

OFR: Assessing The Risk Of Overvalued Markets

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA