ECONOMY | WHAT REALLY HAPPENED

ECONOMY

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May 14 13:20

Ten Ideas to Save the Economy #3: Expand Social SecurityAmerica…

America is on the cusp of a retirement crisis. Millions of Americans are already in danger of not being able to maintain their standard of living in retirement, and the problem is getting worse.

May 14 12:54

Why Chicago’s Bonds Are Junk

Illinois’s domination by public unions has the state dancing on the edge of fiscal freefall. The state Supreme Court ruled last week that Springfield can’t alter pension benefits, prompting Moody’s this week to downgrade the debt of the city, its public schools and park district all to junk status. Now the Chicago Teachers Union wants to make another contribution to the collapse.

Webmaster's Commentary: 

Here we go again, blaming the victims. The reason the pensions are in trouble is that back in 2008, the Wall Street ratings agencies rated those mortgage-backed securities as triple-A, which made it legal for pension funds to invest in them. When the fraud imploded, the pensions were bled dry by the losses. But nobody wants to point the finger of blame at Wall Street, so the teachers (police, firefighters) who had nothing whatsoever to do with the problem, get the blame!

May 14 12:50

G Edward Griffin ? The Capitalist Conspiracy

It is a matter of record that the greatest help to international communism has come from within the United States. Why have some of the richest people in the United States, within and outside of government, aligned themselves with leftist policies that would appear to be the path to their own destruction?

May 14 11:54

KICKSTARTER - The Tylenol Murders

The case that was “Another anniversary and still unsolved” for 26 years had now had a breakthrough. Investigators were reactivating this cold case. Over and over again, the media played the feed of the FBI invading the extortion writer’s Boston apartment— claiming they finally had something on him. Really? That guy? The man the authorities wrote off from the beginning because he wrote the extortion letter with someone else's bank account and could not possibly profit from the murders, let alone was 1000 miles away at the time? Why him? Why now? It did not make sense.

Webmaster's Commentary: 

Today's radio guest!

May 14 11:16

5 Banks Expected to Plead Guilty to Felony Charges

The Justice Department is preparing to announce that Barclays, JPMorgan Chase, Citigroup and the Royal Bank of Scotland will collectively pay several billion dollars and plead guilty to criminal antitrust violations for rigging the price of foreign currencies, according to people briefed on the matter who spoke on the condition of anonymity.

May 14 10:52

Pressure from above, pressure from below

Listen real close People! Simple and Concise!They have been using these tactics against the People forever.

Using the opposition to get your way
How it works...

The Hegelian Dialectic is a philosophical approach that in principle explains how human beings progress toward a better and more egalitarian condition but in practice provides the power elite with a strategy for controlling society.

Georg Wilhelm Friedrich Hegel (August 27, 1770 -- November 14, 1831) was among the most consequential philosophers of the Age of Enlightenment. His was heavily influenced by Plato, whose social ideal was rule by an elite composed of philosopher-kings. Though Hegel may not have intended to provide a Platonic methodology for the modern-day control of the many by the few, that is how his insights have been used.

May 14 10:21

Tell Congress to Stop Obama's Secret Trade Deals

The Trans-Pacific Partnership (TPP) is a new "free trade" agreement being negotiated between the U.S. and 11 other Pacific Rim countries. Like other Free Trade Agreements, this one is basically a permanent power grab by corporations and financial companies that will make it impossible for the citizens of countries joining the TPP to choose what laws and rules they want to live under.

For Americans, it would lead to increased gas exports and increased imported foods, while undermining our domestic laws and increasing the financialization of nature.

TPP was started under George W. Bush but is being pushed — hard — by President Obama. In fact, a bill in Congress would give him "Fast Track" authority for the negotiating, meaning that he, and whoever comes after him, would be able to negotiate as desired without oversight by Congress. Isn't the reason our constitution created three federal branches — executive, judicial and legislative — to ensure checks and balances?

May 14 09:51

Free Trade and Economic Growth instead of Democracy and Ecology

The transatlantic trade agreement TTIP is a concrete litmus test for democracy. Fortunately there are strong public protests against this deal.

The EU now suffers under a deficiency in democracy. For example, the EU parliament has no right to propose laws and guidelines. The European commission that has this right of initiative wants to completely amputate the parliament through economic associations.

May 14 09:51

‘I Lied About Toxic Chemicals for Exxon, DuPont, and Their Lobbyists’

The chemical industry’s powerful trade group, the American Chemistry Council, has long maintained that it had nothing to do with an enormously successful but deceitful lobbying effort in state capitals to defend the use of potentially ineffective and toxic flame retardants in furniture.

Now, in a rare breaking of ranks, a top industry consultant is discrediting that story—and in so doing providing a window into the shadowy world of corporate advocacy and its use of front groups that aren’t what they appear.

After a Chicago Tribune investigation in 2012 exposed Citizens for Fire Safety as an industry group masquerading as a coalition of firefighters, educators, community activists, doctors and others, the chemistry council disavowed any affiliation with or support for the group.

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May 14 09:46

Capitalism is the West's Dominant Religion

David R. Loy, a professor of international studies at Bunkyo University in Japan and a Zen Buddhist teacher, offers us a compelling viewpoint on why we ought to understand our present economic system as the West’s dominant religion.

May 14 09:38

Australia to begin implementing global-elitist economic system by directly confiscating citizens' savings

The globalists' war on cash is continuing as Australia is set to actually begin taxing physical monetary holdings - in other words, savings.

According to Martin Armstrong of financial advisory firm Armstrong Economics, the compulsory savings tax to be implemented by the continent Down Under is part of what he and others have described as the "new age of Economic Totalitarianism."

May 14 09:31

“Free Trade” Run Amok: Canada Challenges U.S. Laws Reining In Banks

Under the TPP, could the US government be sued and be held liable if it decided to stop issuing Treasury debt and financed deficit spending in some other way (perhaps by quantitative easing or by issuing trillion dollar coins)? Why not, since some private companies would lose profits as a result?

Under the TPP or the TTIP (the Transatlantic Trade and Investment Partnership under negotiation with the European Union), would the Federal Reserve be sued if it failed to bail out banks that were too big to fail?

May 14 09:08

HSBC chief economist: World economy is ocean liner without lifeboats

HSBC chief economist Stephen King believes that another recession is just around the corner, Pravda.Ru reports.
King said in a note to clients that the world economy was like an ocean liner without lifeboats. "If another recession hits, it could be a truly titanic struggle for policymakers."
Whereas previous recoveries have enabled monetary and fiscal policymakers to replenish their ammunition, this recovery - both in the US and elsewhere - has been distinguished by a persistent munitions shortage. This is a major problem. In all recessions since the 1970s, the US Fed funds rate has fallen by a minimum of 5 percentage points. That kind of traditional stimulus is now completely ruled out.
According to King, recovery is nowhere near, because there is a lack of "traditional policy ammunition." Treasury yields have not risen, the budget deficit is not falling, and welfare payments are still on the rise.

May 14 08:56

Why Do Bankers Wage War to Stop National Banks?

By Brandon Turbeville

Earlier in May, 2015, I wrote an article detailing the fact that the fledgling Donetsk People’s Republic, under fire from Western-backed Kiev fascists and economic hardship resulting from warfare and blockade, has taken the extraordinary step of nationalizing its banks and beginning the process of using those nationalized banks for the benefit of the people of the DPR.

As one might suspect, such a move has drawn the ire of the Western banking cartels and NATO governments...

May 14 08:20

Wholesale Deflation Strikes US Economy: April PPI Has Biggest Annual Drop In 5 Years

Something funny happened on the way to the global reflation (telegraphed so loudly by the recent surge in 10Y yields to the highest level of 2015): PPI just crumbled by a sequential 0.4% in the month of April, despite expectations it would rise by 0.1% and continue the 0.2% monthly increase seen in March. This was a -1.3% drop in PPI - the fastest fall in 5 years.

Webmaster's Commentary: 

Austrian economists have long known that 100 year fed/bank/gov't sponsored credit binges always lead to deflationary collapse:

May 14 08:09

Why Are Exchange-Traded Funds Preparing For A ‘Liquidity Crisis’ And A ‘Market Meltdown’?

Some really weird things are happening in the financial world right now. If you go back to 2008, there was lots of turmoil bubbling just underneath the surface during the months leading up to the great stock market crash in the second half of that year. When Lehman Brothers finally did collapse, it was a total shock to most of the planet, but we later learned that their problems had been growing for a long time.

May 14 08:08

Guess who caused more damage to Baltimore, protesters or banksters?

The death of Freddie Gray in Baltimore is not just a story of police brutality or the lack of socioeconomic mobility for the urban poor. It’s also a story of how deregulation allowed corporate banks to strip middle-class families of their financial stability and walk away, leaving behind payday lenders and check-cashing stores to plunder low-income and minority communities.

May 14 08:01

Why Are Exchange-Traded Funds Preparing For A ‘Liquidity Crisis’ And A ‘Market Meltdown’?

Some really weird things are happening in the financial world right now. If you go back to 2008, there was lots of turmoil bubbling just underneath the surface during the months leading up to the great stock market crash in the second half of that year. When Lehman Brothers finally did collapse, it was a total shock to most of the planet, but we later learned that their problems had been growing for a long time.

May 14 06:14

10% of Adults are “Invisible” to Creditors

The research found that about 26 million American adults have no histories with national credit reporting agencies such as Equifax, Experian and TransUnion.

May 13 19:28

Red tape and hidden taxes: Federal regulations cost US economy billions

Americans are increasingly trapped by the Obama administration’s bureaucratic red tape, and it’s costing the economy billions of dollars, according to two new reports from right-leaning think tanks.

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May 13 15:15

What A Liquidity Crisis Means To You

May 13 15:06

The secret corporate takeover hidden in the TPP

Corporations would be able to overturn laws and regulations that protect us NEW YORK (Project Syndicate) — The United States and the world are engaged in a great debate about new trade agreements. Such pacts used to be called “free-trade agreements”; in fact, they were managed trade agreements, tailored to corporate interests, largely in the U.S. and the European Union. Today, such deals are more often referred to as “partnerships,” as in the Trans-Pacific Partnership (TPP).

May 13 14:59

Senate Democrats Relent on Trade Bill

Lawmakers reached a deal to move forward on President Obama’s fast-track bill, just a day after Democrats blocked it from coming to the floor.

Webmaster's Commentary: 

I wonder how many got late night phone calls from the NSA playing back recordings of their calls to Fifi's Fone Fantasies! :)

May 13 14:35

Life Amidst Poverty

Poverty is exhausting. Poverty is despair and desperation-inducing. Poverty is soul, dream and hope crushing.

May 13 12:10

Art Institutes Is Latest For-Profit To Close It’s Doors – Forgiveness Available

. . . . EDMC, which operates 51 Art Institutes International campuses, underwent a restructuring last month and reduced a $1.5 billion debt to $400 million. The closures will leave 36 of its campuses open.

EDMC is the latest private, for-profit school to announce financial troubles. Two weeks ago, DeVry University announced it was closing 14 campuses. Last month, Corinthian, one of the largest for-profit education operations in the country, shut down. And in February, another big one, Kaplan, sold all 38 of its schools.

This just further debases the degrees of existing graduates.

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