ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Nov 28 10:23

Ukraine’s President Warns of Threat of ‘Full-Scale War’ With Russia

Since the 2014 Ukrainian revolution, top Ukrainian politicians have talked up the threat of an imminent, full-scale war in Russia. Years later, this continues to get raised every time a tense moment with Russia erupts.

Ukrainian President Petro Poroshenko is now citing Sunday’s maritime incident in the Sea of Azov, and says “Ukraine is under threat of full-scale war with Russia,” claiming Russia had massively increased the number of troops and tanks on their border.

He claims to have intelligence reports on the military buildup, but offered no details. It would be strange for Russia to precipitously escalate their presence at the border, given Ukraine is much weaker militarily, and the eastern border includes an ethnic Russian separatist region of Ukraine.

Webmaster's Commentary: 

Since he came to power in 2014, Poroshenko has always been screaming about an imminent Russian invasion; and of course, it hasn't happened to date.

And again, in his leitmotif about being "under threat", there is utterly no proof of that being the case.

This, truly, is "the boy who cried wolf" once too often.

Nov 28 09:32

THE REALITY OF INFLATION

Nov 28 09:24

Trump and Xi to Meet for Dinner Saturday in Pivotal Moment for Trade War

President Donald Trump and China’s Xi Jinping will meet over dinner Saturday evening in Buenos Aires marking a pivotal moment in the escalating trade war between the world’s two largest economies.

Trump is hopeful for a breakthrough with Xi but is ready to impose more tariffs if the upcoming talks don’t yield progress, Larry Kudlow, Trump’s top economic adviser, told reporters Tuesday during a briefing ahead of the Group of 20 meeting in Argentina.

Webmaster's Commentary: 

Fingers crossed that this one-on-one will start to ratchet down tensions here; both leaders have a lot at stake with their people at home, if these talks go "mammary glands north".

Nov 28 09:01

 HOW THE US USES THE "LEFTIST" MEK GROUP FOR SOFT AGGRESSION AGAINST IRAN

WASHINGTON’S PULLING OUT OF THE IRAN NUCLEAR DEAL AND SUBSEQUENTLY RENEWED SANCTIONS COME AS US NATIONAL SECURITY ADVISOR APPOINTEE JOHN BOLTON’S EXISTENTIAL OBJECTIVE TO DESTROY IRAN BY ANY MEANS NECESSARY EVEN IF IT MEANS LEVERAGING THE SOFT POWER OF A CULTISH DEATH SQUAD.

US President Donald Trump ramped up the threat with a Game of Thrones meme warning Iran, with a November 5 deadline, that “Sanctions are Coming.” Qasem Soleimani, a Major General in Iran’s Revolutionary Guard, responded with a meme of his own that Friday with the message “I will stand against you.”

More than just rhetoric, the exchange signified the high pomp the mention of sanctions posted to the Islamic Republic following an extensive international campaign by the US and Iranian expat and separatist allies to maximize their impacts.

Webmaster's Commentary: 

The problem here is, that if the sanctions, and the actions of MEK, do not create "regime change", or "regime behaviour", however you want to say it, the US is looking at slogging toward a war against Iran; this will most likely mean a war against Russia, as Iran and Russia have an old, productive, and stable relationship, just as Russia has had with Syria.

One can see, very clearly, how Russia aided its friend Syria, by assisting to get out the jihadis, many of whom were trained and funded by the US; I would sincerely doubt that would change, if there is an attack on Iran, and you would see Putin rush to Iran's aid militarily in a heartbeat, at that point.

The US military doesn't have the troop strength; the manufacturing; the money; or the weaponry to guarantee a positive outcome to a conventional war against Russia and Iran.

Of course, neither Sheldon Adelson nor Bibi Netanyahu are very concerned about it; after all, they fully are on board the position of the costs of such a war, both in blood and money, will fully be paid by the US government.

Oh, and BTW; don't be startled, if after the turn of the year, there is a return to the draft for this country, to get the numbers up.

Nov 28 08:36

The Cost Of Insurance Is About To Jump

Nov 28 07:38

Apple slashes iPhone orders for the SECOND time amid fears sales are stalling

Demand for Apple's latest iPhones may be worse than previously thought.

The tech giant has reportedly issued a second cutback on iPhone orders as a result of weaker-than-expected demand for the high-end devices, according to Taiwan-based news site Digitimes.

It follows earlier reports of production cuts for the iPhone XR and XS.

Nov 28 07:23

By undermining Russia's use of dollar US 'shooting itself not in the foot but a bit higher' - Putin

The Russian president called on the United States to abandon the policy of unilateral sanctions and seek common ground.

“We are not setting the target of moving away from the dollar – the dollar is moving away from us, and those who take respective (sanctions) decisions are shooting themselves not just in the foot, but slightly higher, as such instability in calculations in dollars creates a desire of many global economies to find alternative reserve currencies and create settlement systems independent of the dollar,” Putin said.

Nov 28 06:57

Where next for the world of Bitcoin?

Nov 27 23:10

More Evidence: Cancer “Commits Suicide By Eating Itself” After Exposure To Cannabis

Christina Sanchez, a molecular biologist from Compultense University in Madrid, first reported in 1998 that TetraHydroCannabinol (THC), the primary psychoactive component of cannabis, induces tumor cell suicide while leaving healthy non-tumor cells alone.

Nov 27 23:01

Why Cannabinoids Appear to Cure so many Illnesses

The reason why cannabinoids appear to "cure" so many illnesses is because prior to prohibition they were part of the human food chain. Dairy cows ate feral hemp, which was rich in CBD and passed the CBDs to humans through their milk.

Pigs, chickens and other livestock were also fed hemp and the CBDs were in their meat and eggs.

The endocannabinoids naturally found in human breast milk, which are vital for proper human development, have virtually identical effects as cannabinoids found in the cannabis plant. Amazingly, the mechanism at work after smoking or eating cannabis, when adults get the “munchies, is essentially the same as what causes breastfeeding babies to seek protein-rich milk.

Nov 27 17:04

Food delivery services of the world mapped

Nov 27 16:11

A slowdown is already here

Nov 27 13:41

John Rubino – Time to Short Everything?

Nov 27 11:45

Trevino: Australia, In The Crossfire Between China & The U.S.

Located in the south of the South Pacific region, Australia is likely to become one of the first victims of the increasing tensions between its major trade partner, China, and its guardian and political ally, the U.S. For historical reasons, Australia shares with the West its values (whatever that means), vision and mission in the South Pacific, serving as an American military and geopolitical enclave from where the U.S. launches its hegemonic interests in Asia. On the other hand, Australia is a major raw materials exporter feeding the Chinese economy, from where Australia has benefited enormously. Suffice to say is that it was Australia the first Western country in getting out of the 2008 world financial crises. The dichotomy comes precisely from this dual partnership among two rival great powers. For many decades this dual, contradictory partnership was far from being problematic for Australia enabling it to feel safe geopolitically (through the U.S.

Nov 27 11:42

Harry Dent: Net Worth is About to Collapse

Nov 27 10:47

Russia-led Eurasian Union notches up major success in dumping dollar in favor of national currencies

The EEU is not the only alliance of countries willing to replace the US dollar with alternative currencies in trade. Earlier this year, the BRICS group (Brazil, Russia, India, China and South Africa) of emerging economies took steps towards increasing settlements in local currencies to avoid using the greenback.

Countries like China, Russia, Iran, Iraq, Venezuela and others are also planning to substitute the US national currency in oil trade amid deliberate policy of sanctions implemented by Washington over recent years.

Nov 27 10:45

Tesla sales in China plummet 70% as Sino-US trade war drags on

The latest data from the industry body revealed that the US automaker sold just 211 cars in China last month, an official from the China Passenger Car Association told Reuters.

Nov 27 10:27

General Motors And General Electric Were Both Victimized By The Same Ponzi Scheme, And They Are Both Telling Us The U.S. Economy Is In HUGE Trouble

For years, big corporations have been borrowing massive amounts of money to fund reckless stock buybacks, and that has helped to fuel an amazing bull market run. -- But now the game is imploding, and the unraveling of this massive Ponzi scheme is not going to be pretty.

Nov 27 09:03

Investors Are Going to Get Scalped

Nov 27 08:32

Jim Rogers on investment opportunities today

Nov 27 07:43

Warning: The Crisis Is Anything But Contained

Nov 27 06:15

General Motors is laying off thousands & closing two plants

According to GM, tariffs on imported steel—which were imposed by the Trump Administration earlier this year—have cost the company $1 billion.

General Motors has made an announcement that is going to bring considerable pain in the Rust Belt. The automotive giant will be slashing 14,700 jobs, many of them in Michigan and Ohio—and a plant closing is expected in Ontario, Canada as well.

This is the biggest restructuring at GM in a decade, with 15% of its workforce being eliminated in North America.>>>

(*RELATED >>> )

Nov 26 16:32

Bitcoin Investors may not actually own the digital currency because many courts don't recognise them as property, legal expert warns

Investors in Bitcoin may not technically own them as English courts don't recognise the cryptocurrency as possessions, a legal expert has warned.

Dave Michels, a research associate at Queen Mary University of London, says the level of legal protection is unclear.

Mr Michels and his team recently completed research which shows that courts in England and Wales are unlikely to identify digital tokens like Bitcoin as property.

The same law is likely to apply in other common law jurisdictions such as the United States, Hong Kong, Singapore, most of India and elsewhere.

Nov 26 12:21

Russia And Ukraine Are On The Brink Of War – And Why That Could Lead To World War 3

This article was originally published by Michael Snyder at The Economic Collapse

A respected foreign journalist living in Ukraine is warning that a war that most Americans cannot even imagine “teeters on the razor thin edge of becoming real”. When Russia opened fire on Ukrainian Navy vessels and captured three of their ships, it made headlines all over the globe. An emergency meeting of the UN Security Council was hastily arranged for Monday at 11 AM, and hopefully there will be a positive outcome from that meeting. Because right now Moscow and Kiev are on the brink of war, and once a Russian invasion happens there will be no turning back. At that point the U.S. would have a major decision to make, and if we chose to defend Ukraine that could mean that we would suddenly find ourselves fighting World War 3.

Most people don’t realize that this crisis has been simmering for over a week. The following is from a U.S. News & World Report article that was posted on November 19th…

Nov 26 12:17

Soros dumps Facebook, Netflix stocks just before they dipped: report

Billionaire George Soros’ investment management firm has saved millions after completely selling off its shares of Facebook and slashing its stakes in Netflix and Goldman Sachs just before the stocks nosedived, a report said Wednesday.

Soros Management Fund saved $17.7 million in the fourth quarter by dumping the three stocks, Barron’s reported.

Nov 26 11:54

Trump’s Foreign Policy War on Americans

The funny thing is that Trump himself seems to be working hardest to persuade those supporters that he has no intention of changing U.S. foreign policy. He would no more liquidate America’s global empire than liquidate his own global business empire. Alas, America is not going anywhere. Sure, he may hector imperial allies to spend more on their militaries (while insisting he respects their sovereignty), but that’s just a show. He’s an all-in imperialist, so we shouldn’t be fooled by the staged populism that sometimes is mistaken for come-home-Americanism. America First in practice embodies George H. W. Bush’s summation of America’s foreign policy: “What we say goes.”

As Glenn Greenwald writes about Trump’s disgusting relationship with Saudi Arabia, it’s “a perfect example — perhaps stated a little more bluntly and candidly than usual — of how the US has conducted itself in the world since at least the end of World War II.”

Nov 26 11:48

Famous Asset Bubbles within 9 Yrs of Peak

Nov 26 11:43

Russia Blocks Ukrainian Navy From Militarizing The Sea of Azov - Updated

The Ukrainian government under the oligarch Petro Poroshenko is in election campaign mode. That is one reason why it is launching new provocations against Russia. Yesterday Ukrainian forces reportedly occupied a town within the neutral zone between the government controlled part and the rebel held Donetsk area. Today the Ukrainian navy sent a tug and two small gun boats, recently acquired from the U.S. Coast Guard, Ukrainian build Gurza-M class types, to pass through the Kerch Strait into the Sea of Azov.

When the ships entered Russian waters without announcing their intent, a Russian coast guard ship rammed (vid) and damaged the tug. The two gun boats escaped but did not pass the strait. The pictures show the melee at sea.

Nov 26 11:43

UAE to invest in Israeli plan to pipe gas to Europe  

The media in Tel Aviv have reported that the UAE has invested as much as $100 million in an ambitious Israeli project to pipe natural gas to Europe.

The investment would be made by a company based in Abu Dhabi for a pipeline project which is internationally known to be unique given its record length as well as the extreme depths it would be laid toward Europe, Lebanon’s al-Mayadeen quoted Israeli media as reporting.

The agreement has been described as “historic” by Israeli media, al-Mayadeen added.

Israel has signed a multilateral deal over the scheme – called the East Med Pipeline Project - with Greece, Italy and Cyprus. The European Union also supports the project.

Nov 26 11:42

Private prison companies served with lawsuits over using detainee labor

When a New Mexico immigration detention facility needed people to cook for inmates and clean its halls, it founda solution already inside its walls.

For $0.50 or less per hour, detainees such as Mbah Emmanuel Abi and Desmond Ndambi, who have since been granted political asylum, cooked meals for their fellow inmates and worked in the facility library.

Their experience is not unique: for $1 a day – and sometimes less – migrants prepare meals, clean facilities and do laundry at privately run immigration detention centers across the country.

The practice has been compared to slave labor and has brought a pile of lawsuits to the doorsteps of the country’s two biggest private prison companies, CoreCivic and Geo Group, which in 2017 had a combined $4bn in revenue.

In a recently filed class-action lawsuit, Abi, Ndambi and one other man who fled Cameroon in 2017, brought wage theft claims against CoreCivic’s Cibola county correctional center in New Mexico.

Nov 26 11:42

DHS plans to use credit-scores to judge who may become a citizen

The US Department of Homeland Security has published a new proposed rule that would make people ineligible for US citizenship if their credit-scores were poor.

Notionally, the rule-change is meant to prevent immigrants from becoming burdens on the welfare system (migrants do not make disproportionate use of any public welfare system).

However, the credit reporting bureaus are notoriously inaccurate and arbitrary in the credit-scores they assign; if you have a lot of assets but do not borrow money, you will have a much lower credit-rating than if you unwisely enroll in a number of high cost/high fee store cards and pay them off after running up debts on them and paying significant interest (I am allergic to debt, and with the exception of my mortgage have no debts at all; because of this I have a fairly low credit-score, despite the fact that both my wife and I earn very good livings).

Nov 26 11:39

The Global Financial Crime Wave Is No Accident

There was a little bit of good news this month for those worried about a tidal wave of McMafia-style financial crime. A new UK government agency tasked with fighting it – the National Economic Crime Centre (NECC) – opened its doors.

I say “little” because financial crime is far more deeply rooted in our financial and political systems than we like to acknowledge.

Nov 26 11:39

Bitcoin Plunges to $3,738; Whole Crypto Scam Melts Down, Hedge Funds Stuck

Bitcoin plunged to $3,738 at the moment. Down nearly 40% from two weeks ago, and down 81% from peak-mania of $20,078 on December 17, 2017. It’s back where it had first been on August 12, 2017. It looks like a magnificent bubble that is imploding, but “bubble” is a misnomer; it’s a magnificent scam, where people paid a lot of money – many billions of dollars – to get an essentially useless digital entity whose price then dissolved into where it had come from.

This chart via CoinMarketCap shows the drama of bitcoin’s market cap surge to $333 billion on December 17, 2017 and the collapse to $64.9 billion now:

Nov 26 11:38

Ukraine’s army put on full combat alert - Defense Ministry

The Ukrainian armed forces have been put on full combat alert by the decision of the chief of the country’s General Staff, the press service of Ukraine’s Defense Ministry reported on Monday.

"In accordance with the National Security and Defense Council’s decision on imposing martial law, the chief of the General Staff and commander-in-chief of Ukraine’s armed forces ordered to put the Ukrainian armed forces’ units on full combat alert," the press service said.

Due to the situation in the Kerch Strait, National Security and Defense Council Secretary Alexander Turchinov earlier voiced the initiative on imposing martial law in the country for 60 days backed by the Ukrainian president. Now this bill is to be considered by Ukraine’s Verkhovna Rada (parliament). According to its speaker Andrei Parubiy, its meeting will be convened on Monday at 16:00 local time (17:00 Moscow time).

Webmaster's Commentary: 

Translation: Poroshenko is using this incident to put off elections, which must be voted upon by its Parliament no later than 21 December. The timing means that the elections cannot be held at the end of March, for their Parliament to vote on in by 21 December.

But the larger matter is, if in fact Ukraine declares war on Russia, ( a quite idiotic thing for Ukraine to do, BTW), but if that happens, please ,where does it put US military assistance to Kiev?!?

Nov 26 11:35

Is crypto finished?

Nov 26 11:28

GM Just Laid Off 15,000 Workers Less Than One Year After Trump Promised Tax Cuts Would Save US Jobs

Less than one year after Trump’s historic tax cuts — some aimed toward corporations, and made with promises of job security for Americans across the country — General Motors announced on Monday that it would be laying off 14,700 of its workers in the United States.

According to a Twitter message from the Washington Post, the motor company is set to fire 15 percent of its salaried workers, as well as to end production at five plants in the U.S. and in Canada.

One of the plants that is closing, per reporting from the Chicago Tribune, is a production facility just outside of Youngtown, Ohio. Just this past summer, President Donald Trump said that jobs were coming back to the area as a result of his policies and laws passed. Trump told workers in that community not to sell their homes because jobs were “coming back.”

Nov 26 11:27

CONGRESSIONALLY MANDATED NEW REPORT URGES MASSIVE US MILITARY INCREASES

The Commission on National Defense Strategy for the US has just released to Congress its report "Providing for the Common Defense”, and it opens:

“In the National Defense Authorization Act of 2017, Congress charged this Commission with providing an independent, nonpartisan review of the 2018 National Defense Strategy and issues of US defense strategy and policy more broadly.”

The report’s co-chairs, Eric S. Edelman and Gary Roughead, say in their accompanying letter to Congress, that “the United States will soon face a national security emergency.”

Webmaster's Commentary: 

Welcome to the return of the draft (I would not be surprised to see that happen very rapidly) , and the complete gutting of Medicare, and other aligned services.

Nov 26 10:58

When Cash Outperforms Everything

Nov 26 10:36

China's TERRIFYING Social Credit System

And how it's already operating in the west. Twitter:

Nov 26 09:27

Cumulative return for FAANG stocks in 2018

Nov 26 09:26

80% of Mortgage Refis Are Equity Cash Outs

Nov 26 08:59

America’s Post-9/11 Wars Have Cost $5.9 Trillion

Just in time for next year’s Pentagon spending debate, a new report is calling for a huge increase in the Defense Department’s budget, which is already at one of the highest levels since World War II. The document was produced by the National Defense Strategy Commission, a congressionally mandated group charged with assessing the Trump administration’s new national-defense strategy.
The premise of the new report is that America faces a “national security emergency” that leaves its ability to defend “its allies, its partners, and its own vital interests” increasingly in doubt.

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