ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Feb 13 08:06

A List Of Economic Flaws That Are Too Big Not To Fail

While I haven’t had the privilege of divine revelation, I do try to look at the forces that are in play that have the power to move nations economically. Two dominant countervailing forces right now are those who have George Soros nearly in tears — who make up the anti-global revolution — and then all the globalists like Soros who are panicking that their new world order is being shredded accompanied by all the raging anarchists that Soros can sponsor as his mercenaries.

Feb 13 08:03

California Governor Jerry Brown Asks President Trump for Help

On Friday, California Governor Jerry Brown sought federal help from President Trump by asking the Federal Emergency Management Agency (FEMA) to declare “a major disaster” in California in light of the damage done by recent storms.

Webmaster's Commentary: 

Gee, what a shame you spent all the California taxpayers' money on free stuff for illegal immigrants!

And I guess that secession idea is on hold!

Feb 13 06:53

A New Report Projects The West Will Become The New 'Third World'

Greece lashes out at the IMF. Midwest farm bubble is getting ready to pop, American farms are in decline. Student loan bubble is worse than ever and its getting ready to pop.

Feb 12 14:19

What the jobs report DIDN’T tell you last week

Ever since the gold report was published, the gold price moved up. This caught several investors by surprise, as some of them even continued to dump gold, scared by what appeared to be a good jobs report.

Feb 12 11:30

Trump Taking On Corruption & Lawlessness, Empire Strikes Back on Trump-Catherine Austin Fitts

How does Donald Trump win against the evil trying to stop his Administration? Financial expert Catherine Austin Fitts contends, “Trump wins by staying focused on the real issues.

Feb 12 09:40

Rothschild Bank Now Under Criminal Investigation Over Missing $4 Billion in Global Corruption Probe

Last year the veil of invincibility seemingly came off the secretive Rothschild banking empire, as Baron David de Rothschild and his company the Rothschild Financial Services Group were indicted by French prosecutors for allegedly defrauding British pensioners in a scheme that saw large sums of money embezzled.

Only two months ago, we reported on the Swiss branch of the Edmond de Rothschild Group announcing that they were the target of a French criminal probe “regarding a business relationship managed by a former employee.”

Now, the Luxembourg unit of Rothschild banking empire is being investigated by the Luxembourg state prosecutors office — alleged to have sent hundreds of millions of dollars to an account at a bank in Luxembourg that originated from 1Malaysia Development Berhad

Feb 12 04:07

Extreme Cold Hitting Europe Creating Food Shortages & Rationing

Europe depends on food from Spain during the winter. With the climate turning down very hard toward a potential new mini ice age, the freezing cold, wet weather in southern Spain has devastated supplies of vegetables for consumers across Europe. Stores have begun rationing.

Feb 12 03:49

Foreign Governments Dump US Treasuries as Never Before, But Who the Heck is Buying Them?

There’s now a special math for NIRP refugees in Europe.

Feb 11 17:43

Janet Yellen Are We In A Bubble?

we look at exorbitant P/E Ratios across the stock market where I literally can pull any stock up and find an insane p/e ratio right now, and secondly the economic data doesn`t justify a 65 basis points effective fed funds rate.

Feb 11 17:24

Germany brings back 300 tons of gold it had been keeping in an underground vault in New York since the Cold War

Germany has completed an effort to bring home 300 metric tons of gold stashed in the United States, part of a plan to repatriate gold bars kept abroad during the Cold War.

The German central bank said it brought 111 tons of gold back from the Federal Reserve in New York last year, concluding in September - the last of 300 tons slated for return.

Feb 11 13:37

Fake news is killing people's minds, warns Apple boss Tim Cook as he calls for a campaign against phoney reports

Fake news is 'killing people's minds' and a vast campaign is needed to combat the phenomenon, Apple boss Tim Cook has said. The chief executive of one of the world's largest companies said governments should wage information wars against phoney reports while businesses must create the tools to root out propaganda.

Feb 11 11:11

Germany repatriating gold faster than planned as confidence in euro plunges

Berlin is bringing home its gold reserves stored in New York, London and Paris faster than scheduled, Germany’s central bank said Thursday. The move is linked to surging euroskepticism, as new governments in France and Italy may ditch the single currency.

The German Bundesbank has already moved 583 tons of gold out of New York and Paris, planning to have a half of its gold back in Germany by the end of 2017, which is ahead of the 2020 plan. The rest will be split between the Federal Reserve Bank of New York and the Bank of England.

Webmaster's Commentary: 

Looking at the potential collapse of the Euro, who can blame Germany for doing something this fiscally prudent?!?

Feb 11 11:05

BANKING WARNING: Computers of financial institutes around the world attacked by hackers

HACKERS have infected 140 banks in 40 countries across the world with invisible malware giving them the ability to remotely control ATMs.

Researchers at Kaspersky Lab, a computer security company, have revealed that they have re-detected malware that has infected networks belonging to 140 banks as well as other companies.

Kaspersky has said that this malware is able to remain invisible and the attackers have covered their tracks by wiping their activity from the machine’s memory before it is rebooted.

It hides itself in the computer’s memory to avoid detection and researchers say they do not know who is behind it.

Feb 11 09:55

The Coming Class Wars - The Forces Dividing Us Are Overwhelming Those That Unite Us

In the modern era, the phrase Class War is rooted in the socialist/Marxist concept that the conflict between labor (the working class) and capital (owners of capital) is not just inevitable—it’s the fulcrum of history. In this view, this Class War is the inevitable result of the asymmetry between the elite who own/control the capital and the much larger class of people whose livelihood is earned solely by their labor.

Feb 11 09:06

Why Food Stamps Don't Promote Healthy Eating

Unfortunately, a major problem with that shared understanding is that money is fungible. A person can redirect money put to ones use to any other use as he or she chooses.

Consider a numerical example. The average family SNAP benefit was recently reported as $256. But the vast majority of eligible families already spend more than that on food. Say that a family already spending $400 per month on food received $256 in SNAP benefits. Would it all go to food purchases? That would be very unlikely. In fact, it is possible that no SNAP dollars would be used to expand food purchases. A recipient who wanted to spend more on anything other than food, from alcohol to child care, could simply replace $256 in cash food purchases they are already making with SNAP resources, freeing up $256 in cash for whatever purpose the recipient wishes, just as if they were given cash directly.

Feb 11 07:31

Brexit could end London’s dominance of European finance, says hawkish German bank regulator

London is unlikely to retain its role as the financial ‘gateway to Europe’ after Brexit, a senior executive at Germany’s central bank has warned.

In a private speech to German businesses and banks, Dr Andreas Dombret rejected the idea of allowing financial transactions to carry on as before in a so-called ‘equivalence regime’ between Britain and the EU.

Feb 10 18:02

David Stockman — Get out of Stocks Now!

Feb 10 16:12

THE GREAT PRECIOUS METALS MARKET DISCONNECT: A Ticking Time Bomb

The Great Precious Metals Market Disconnect that took place four years ago is now a ticking TIME BOMB. While the Fed and Central Banks have been relatively successful in propping up the broader stock, bond and real estate markets, time is not on their side. The more the highly inflated markets continue higher, the more breath-taking will be the inevitable collapse.

Feb 10 14:04

New Vaccines Still Cause Autism and the U.S. Government Knows It

In the case of Dr. Thompson’s release of confidential documents to a Congressional subcommittee, the CDC intentionally concealed their evidence that African American boys under 36 months had a higher risk of autism after receiving the MMR vaccine. The documents also proved the CDC has know for a long time that neurological tics, indicating brain disturbances, were associated with thimerosal-containing vaccines, such as the influenza vaccine.

Webmaster's Commentary: 

The CDC should, collectively, be sued out of existence because of this, and those execs who signed off on deleting the negative information from their studies should be criminally charged, and convicted, serving the hardest jail time possible, to prevent this kind of damage happening to our kids ever again, in the name of Big Pharma Profits.

Feb 10 13:11

China, Russia And Iran Are Dumping The Dollar And Increasing Gold Purchases

Initial jobless claims plunge to 44 year lows as continuing claims surge. Americans haven't been this positive since 2007 and we know what happened in 2008.

Feb 10 11:19

Gold Prices Retreat as Equities Trade to a New All-Time High

Today gold traded under moderate pressure, and as of 5:00 Eastern Standard Time, is trading approximately $10 lower (spot gold) at $1231, with April futures trading roughly 6 ½ dollars lower at $1233 per ounce. This ended the daily advance in gold, which had prices increasing over the last five consecutive days.

Feb 10 11:14

Andrew Jackson Tough as Old Hickory

Old Hickory is President Trump's model.

I thank God that my life has been spent in a land of liberty and that He has given me a heart to love my country with the affection of a son.Andrew Jackson Firsts, Lasts & Onlys

First president to be a resident of a state other than Massachusetts or Virginia
First Tennessee representative to the U.S. House
First president to ride a train
First president to be assaulted while in office
First president to be the target of an assassination attempt
First president born to immigrant parents
Last president to serve in the Revolutionary War (he participated at age 13!)
Only president to have been held as a prisoner of war
Only president to raise a Native American child—Lyncoya, who was found orphaned after the Battle of Tallushatchee (1813)
Only president to serve in both the American Revolution and the War of 1812
Only president to pay off the national debt

Feb 10 11:03

OWNER TELLS BERNIE HER BUSINESS CAN'T AFFORD OBAMACARE... HIS ANSWER LEAVES HER STUNNED

When a Texas small business owner tried to make Sen. Bernie Sanders, I-Vt., understand how Obamacare was throttling her business, Sanders made it clear her dilemma mattered little to him. The exchange took place Tuesday evening during a CNN-televised debate about Obamacare.

Feb 10 11:02

DAKOTA ACCESS PIPELINE APPROVED A WEEK AFTER CO-OWNER'S PIPELINE SPILLED 600,000 GALLONS OF OIL IN TEXAS

On January 30, 600,000 gallons (14,285 barrels) of oil spewed out of Enbridge's Seaway Pipeline in Blue Ridge, Texas, the second spill since the pipeline opened for business in mid-2016.

Seaway is half owned by Enbridge and serves as the final leg of a pipeline system DeSmog has called the “Keystone XLClone,” which carries mostly tar sands extracted from Alberta, Canada, across the U.S. at a rate of 400,000 barrels per day down to the Gulf of Mexico. Enbridge is an equity co-owner of the Dakota Access pipeline, which received its final permit needed from the U.S. Army Corps of Engineers on February 7 to construct the pipeline across the Missouri River and construction has resumed.

The alignment of Native American tribes, environmentalists, and others involved in the fight against Dakota Access have called themselves “water protectors,” rather than “activists,” out of concern that a pipeline spill could contaminate their drinking water source, the Missouri River.

Webmaster's Commentary: 

Because of the delay in the permitting process, the Dakota Pipeline's construction may well be so intensely value engineered to the point of its breaking down, and contaminating the Missouri River, as the Native American tribes and environmentalists protesting its construction have feared.

Feb 10 10:57

LOVING OUR SERVITUDE IN AMERICA'S PLANTATION ECONOMY

The only possible output of low social capital is rising inequality.

One of the themes I've been addressing since 2008 is the neocolonial-plantation structure of the U.S. economy. The old models of colonial exploitation that optimized plantations worked by cheap imported labor (or situated in peripheral nations with plenty of cheap labor) have, beneath the surface, been adapted to advanced capitalist democracies.

The adaptations have been so successful that not only do we not even recognize the Plantation structure--we love our servitude within it.

As noted yesterday, the current mode of production optimizes the commoditization of everything: computer chips, fish and chips, labor, expertise, everything.

Feb 10 10:51

Investors Injured by Classic Inflation Hedges

In 2016, the U.S. inflation rate rose from 1.4% in January to 2.1% in December, according to the U.S. Bureau of Labor Statistics. So, how did classic inflation hedges perform? Let's take a look at two.

Feb 10 10:27

The Lightbulb Conspiracy (Full Length - English Subtitles)

Webmaster's Commentary: 

Hour long documentary on how products are intentionally designed to fail quickly, to keep you having to purchase new ones over and over.

Feb 10 10:00

German finance minister admits: ‘We were NOT prepared for extent of the refugee crisis'

In an interview on German television, Mr Schauble said: “We were not prepared for the extent and the speed of the refugee crisis.”

Feb 10 09:12

Cash No Longer King: Europe Accelerates Move To Begin Elimination Of Paper Money

In the shadow of Donald Trump’s spree of controversial actions, the European commission has quietly launched the next offensive in the war on cash. These unelected bureaucrats have boldly asserted their intention to crack down on paper transactions across the E.U. and solidify a trend that has been gaining momentum for years.

The financial uncertainty amplified by Brexit has incentivized governments throughout Europe to seize further control over their banking systems. France and Spain have already criminalized cash transactions above a certain limit, but now the commission has unilaterally established new regulations that will affect the entire union. The fear of physical money flowing out of the trade bloc has manifested a draconian response from the State.

The European Action Plan doesn’t mention a specific dollar amount for restrictions, but as expected, their reasoning for the move is to thwart money laundering and the financing of terrorism.

Feb 10 09:10

Women Nationwide Cut Up Nordstrom’s Cards, Plan Boycotts After Political Decision to Drop Ivanka Trump Line

Retail department store Nordstrom’s decision last week to cut first daughter Ivanka Trump’s fashion line has sparked a tremendous backlash from consumers—especially women—who say the company’s move has led them to boycott the store and cut up their Nordstrom’s cards.

Feb 10 09:04

Panama Probe Exposes 'Secrecy and Deceit' of Bankers, Lawyers, Accountants

An investigation into the Panama Papers tax avoidance scandal has exposed the deep chasm between EU policymakers and bankers, lawyers and accountants who create increasingly complex structures to reduce company tax liabilities, which Sputnik has been told amounts to "secrecy" and "deceit."

Feb 10 08:30

Britain's economy now 'firing on several cylinders' as exports to non-EU countries SOAR

The gap between what the country imports and exports fell to £8.6 billion in the final quarter of 2016, to give the economy another boost in the wake of the vote to leave the European Union (EU).

Exports of goods to non-EU countries leapt by 17.3 per cent to £43.8bn between third and fourth quarter in 2016.

There was also an increase of 3.5 per cent for exports to the EU, to £38.3 billion for the same period, showed data from the Office for National Statistics (ONS).

Feb 10 08:06

Top 3 Catalysts For Global Financial Crisis

Feb 09 19:02

Druckenmiller bought gold after reversing November stance

Stan Druckenmiller, the billionaire investor with one of the best long-term track records in money management, said he bought gold in late December and January, reversing the sale he made after the U.S. presidential election.

Feb 09 18:04

Even Trump’s Spectacular Tweets Don’t Help Twitter

Not enough Americans can figure out why on earth they should use it

Feb 09 17:51

Rand Paul To Tucker Carlson: Let’s Audit The Fed – Oh, And WTF Is Up With The Neocon Iraq War Architect Trump’s About To Appoint?

After a Democrat filibuster of Rand Paul’s “Audit the Fed” bill – reintroduced in January along with 8 co-sponsors and passed by 53 Senators including Bernie Sanders, the Senator from Kentucky believes he may find a friend in President Trump, who has previously endorsed the idea. Opponents to the audit, also known as establishment shills, suggest that transparency might lead to scrutiny. You don’t say? On Tucker Carlson Tonight, Paul explained how the Fed hurts people

Feb 09 17:48

The Colonization of Local-Business Main Street by Corporate America

This is what our mode of production optimizes: ugliness, debt-serfdom, and servitude to politically dominant corporations.

Feb 09 16:53

News Corp posts second quarter loss citing Australian newspaper impairments

Rupert Murdoch's News Corporation has posted a second quarter loss citing impairments in its Australian newspaper business as a key factor.

Feb 09 15:52

Italy’s Banking Crisis Is Even Worse Than We Thought

The insider blame game has begun.

Feb 09 15:15

The Economic Crisis Is Going To Be Alot Worse Than Originally Thought

Greece is testing the waters and is now planning to move back to its local currency. Australia debt has risen and it looks like it is time to panic.

Feb 09 14:44

$8.5 Billion U.S. Counter Narcotics Effort in Afghanistan Boosts Opium Production

Afghanistan remains the world’s leading producer of opium, providing 80% of the global output over the past decade

Feb 09 13:35

The Greenback Looks Like It’s In Trouble

The greenback has enjoyed a nice bounce in the era of Donald Trump but as the dollar (NYSEARCA:UUP) index is holding around the 100 level, the Dollar bulls are ignoring the fact that there could be a risk of a head and shoulders pattern here which would be bearish long-term for the greenback.

Feb 09 12:45

What Would it Cost a Country to Leave the Euro? That’s What Everyone Suddenly Wants to Know

It’s the closest the Eurozone has come to falling apart.

Feb 09 12:33

Time To Sell The Dollar

Feb 09 12:28

Robots 'could replace 250,000 UK public sector workers'

Almost 250,000 public sector workers could lose their jobs to robots over the next 15 years, according to a new report which claims machines would be more efficient and save billions of pounds.

Reform, a right-of-centre thinktank, says websites and artificial intelligence “chat bots” could replace up to 90% of Whitehall’s administrators, as well as tens of thousands in the NHS and GPs’ surgeries, by 2030 – saving as much as £4bn a year.

Even nurses and doctors could fall victim to the march of the machines, which the report says can outperform humans at some diagnoses and routine surgical procedures, and are more efficient at collecting information.

Feb 09 12:28

World’s Largest Container Carrier “Unexpectedly” Has Big Loss in Crushed Industry. Now Trade War with China Looms

It “would have a very negative effect on our business”: Maersk CEO

A.P. Moller-Maersk – a conglomerate that includes the largest container carrier in the world, transporting about 19% of all seaborne containerized cargo, plus large port operations, an oil driller, and other units – got caught in two industries that saw prices collapse: seaborne container freight and oil.

Feb 09 12:11

GREAT AGAIN: INTEL CEO SAYS READY TO CREATE 3K JOBS IN AZ, INVESTING $7 BILLION IN LOCAL ECONOMY

INTEL CHIEF EXECUTIVE BRIAN KRZANICH MET WITH PRESIDENT DONALD TRUMP ON WEDNESDAY, WHERE THE COMPANY ANNOUNCED IT WILL INVEST $7 BILLION IN A FACTORY EMPLOYING UP TO 3,000 PEOPLE.

Feb 09 12:02

Twitter Suspends Account of Free-Speech Competitor Gab

despite the fact that the account had deleted all of its tweets following President Trump’s inauguration

Feb 09 11:53

The Growth Industry in 2017? Debt Restructuring & Bankruptcy!

What the experts of the “restructuring industry” see.

Feb 09 11:47

More unbelievable facts from the US government's own financial reports

For example, the government’s “net loss” in fiscal year 2016 more than doubled, from MINUS $467 billion to MINUS $1 trillion.

It’s astonishing that anyone could manage to lose so much money, let alone in a year where devoid of major wars, recessions, financial crises, or infrastructure projects.

Feb 09 11:47

More Evidence Trump Rally Is Thinning

Despite the major averages’ continued drift near all-time highs, volume moving into advancing stocks has been historically light.

Feb 09 11:39

This One Factor Could Pose A Threat To The Us Housing Market Recovery

There is a talk at the FED about the unwinding of its grand monetary policy experiment. The knock-on effects of this experiment in the bond market could pose a threat to the U.S. housing recovery.

Feb 09 11:35

'How will we cope?' MEPs panic over Brexit black hole as they mull €150 BILLION budget

German MEP Jens Geier said: "We can’t discuss this without talking about Brexit and the possible consequences for the EU budget. The radical changes that are going to occur when the second biggest net payer disappears are something that should at least be dealt with.

"When it comes to revenue and expenditure we can’t just say it’s business as usual."

Slovenian Patricija Sulin added: "I am still waiting for an answer to the question how are we going to close the gaps when the United Kingdom leaves? This 16 billion euros that the UK is paying into the budget annually is going to need to be replaced."

Feb 09 11:18

Twitter shares crater after ugly revenue miss, shockingly weak guidance

Twitter shares sank Thursday after the social media company reported quarterly revenue that missed Wall Street's expectations and issued guidance that fell far short of estimates.

Feb 09 11:09

Tucker Carlson Rand Paul Interview - Auditing the Federal Reserve

The impossible seems possible when you start to discuss it more often.

I think the viral meme has jumped the barrier into feasibility.

Feb 09 10:38

92% Of Leftist Activists Live At Home With Mother Into Adulthood

In case you were wondering what sort of activists fill out the crowds in Soros-funded left-wing rallies, new research proves vast majority of protesters arrested for politically-fuelled offences are young men who still live at home with their mother.

Feb 09 10:25

Leaked Trump Presidential Memo Would Free U.S. Companies to Buy Conflict Minerals From Central African Warlords

THE LEAKED DRAFT of a presidential memorandum Donald Trump is expected to sign within days suspends a 2010 rule that discouraged American companies from funding conflict and human rights abuses in the Democratic Republic of Congo through their purchase of “conflict minerals.”

The memo, distributed inside the administration on Friday afternoon and obtained by The Intercept, directs the Securities and Exchange Commission to temporarily waive the requirements of the Conflict Mineral Rule, a provision of the Dodd Frank Act, for two years — which the rule explicitly allows the president to do for national security purposes. The memorandum also directs the State Department and Treasury Department to find an alternative plan to “address such problems in the DRC and adjoining countries.”

Feb 09 09:23

HARVARD ECONOMIST: 42 PERCENT OF IMMIGRANT HOUSEHOLDS ON PUBLIC ASSISTANCE

A Harvard economist has found that nearly 42 percent of immigrant households in the United States are on public assistance of some kind.

“In 2016, there were 8.9 million households headed by a non-citizen … almost 42 percent of those households received some type of assistance,” George Borjas, Professor of Economics and Social Policy at the Harvard Kennedy School, wrote on his website on Feb. 1.

To come to his conclusions Borjas used census data from 1994 to 2016 to calculate how many of the migrant-headed households receive either money, food stamps, or Medicaid.

Feb 09 09:09

Time Bomb In Oil Markets: Goldman Sachs Issues Warning

So is the gasoline demand data accurate, and is a recession quietly gripping over the U.S., even as most other indicators are calmly flashing green?

Here Goldman refuses to believe the official data, instead reverting to its own model, which "adjusts" the data, to goal-seek the decline to appear more manageable.

Feb 09 09:08

Are These OPEC Members Sabotaging The Output Deal?

OPEC provide a shot in the arm for oil prices this week when S&P Global Platts reported a much higher than expected compliance rate for the month of June. So far, OPEC has achieved 91 percent of its promised production cuts, impressing many oil watchers who expected mutual antipathy and mistrust to get in the way of cooperation.

But the success of the deal could be undermined by a few members within OPEC that are not part of the deal. Libya and Nigeria were given exemptions, due to the sizable portion of oil production capacity sidelined because of war, sabotage and political strife in both countries.

Feb 09 09:06

Will Trump shift on entitlements?

Rep. Mark Meadows (R-N.C.) the chairman of the House Freedom Caucus, said Democratic efforts to tie Trump to campaign comments about preserving entitlement programs miss the mark, and that his talks with Trump show the president is prepared to back entitlement reform so long as current beneficiaries don’t see their benefits cut.

Feb 09 08:49

The Costs of Dragon Maintenance

he next time you:

Pay your mortgage, which is mostly interest;
Pay your outrageously large auto or student loan;
Pay an exorbitant amount for health insurance;
Pay an even larger co-pay for a minor hospital procedure;
Buy groceries for $100 and compare that purchase to what $100 bought in 1971;
Realize that a four person family’s share of the U. S. national debt is nearly one-quarter million dollars …
Consider the costs of fiat paper currencies, deficit spending, central banking and … dragon maintenance.

Feb 09 08:38

Recession 2017? Things Are Happening That Usually Never Happen Unless A New Recession Is Beginning

Is the U.S. economy about to get slammed by a major recession? According to Gallup, U.S. economic confidence has soared to the highest level ever recorded, but meanwhile a whole host of key economic indicators are absolutely screaming that a new recession is beginning.

Feb 09 08:30

Whole Foods announces store closings…

Feb 09 08:28

Gold Prices Continue to Surge

For the fifth consecutive day, gold prices have traded to higher pricing. But the real story is that gold has been gaining ground, now adding over $100 since trading to a low of 1125 per ounce in December of last year. The last time gold prices were this high was on November 11, just following the post-election selloff, which took gold prices over $200 lower.

Feb 09 08:13

Chelsea Clinton’s Husband Quietly Shut Down Hedge Fund After Hillary’s Loss

We’re just learning that Mezvinsky shut down his Eaglevale partners hedge fund just weeks after his mother-in-law Hillary Clinton lost the presidential election to Donald Trump.

Taking big losses betting on the financial problems in Greece, one could speculate that Mezvinsky and his high-profile business partners were hoping to cash in on their connections during a Hillary Clinton presidency.

Now, he and Chelsea are both out of work:

Webmaster's Commentary: 

There is buzz that Chelsea will run for Congress, if she can overcome her mother's legacy.

Feb 09 07:33

The EU just revealed its latest splurge…and if you’re a UK motorist it will drive you mad

BRUSSELS is set to blow £400 million renovating a 40-mile stretch of motorway in Poland whilst British roads crumble following decades of neglect.

Feb 09 07:22

US Soldier: “The Real Terrorist Was Me And The Real Terrorism Is This Occupation”

A powerful confession by US soldier Mike Prysner on his experience fighting in Iraq: “Our real enemies are not those living in a distant land whose names or policies we don’t understand; The real enemy is a system that wages war when it’s profitable, the CEOs who lay us off our jobs when it’s profitable, the Insurance Companies who deny us Health care when it’s profitable, the Banks who take away our homes when it’s profitable. Our enemies are not several hundred thousands away. They are right here in front of us.” – Mike Prysner

Feb 09 07:00

Oroville Dam spillway crumbling amid heavy rains

Flows from one of California’s biggest supplies of drinking water were suspended Tuesday after a massive hole opened in the Oroville Dam spillway amid heavy rains.

In a statement, the state agency said there was “no anticipated threat to the dam or the public.”

Webmaster's Commentary: 

The nation's infrastructure, long neglected in order to pay for wars, is starting to fail. California was starting to pull out of its drought with the extra rain this season, then this happened to erase much of the gains. From the discoloration at the bottom, it appears the flow of water is continuing to undermine the spillway, leaving adjacent sections unsupported from below. Look for more failures in the near future.

The Oroville dam is the tallest earthen dam in the world, second largest after Aswan, and if the water pouring through the hole in the spillway starts to erode the base of the dam, there could be major problems during the spring melt!

Feb 09 06:55

MORE FINES FOR DEUTSCHE BANK FOR RUSSIAN TRADES

If you've been following the strangeness in banking over the past few years (and decades for that matter) you'll have noted certain names to keep popping up, and this is particularly the case in the aftermath of 9/11, and one of those names is Deutsche Bank. This article was shared by Mr. M.M., and there's a few things in this article that caught my attention, but unless one knows the story, the bland reporting of the Reuters article will cause those things to go completely unnoticed. Besides being under investigation in Italy for some shady trading deals implying the use of the float to generate money, and besides having already been hit with fines for other things, being under investigation for helping to rig the London Inter-Bank Offered Rate (LIBOR), now the big German bank is being hit with fines for trades involving Russia:

Feb 09 03:46

Tulsi Gabbard is Fighting to Bring Back Glass-Steagall

Rep. Tulsi Gabbard is leading the charge to reinstate Glass-Steagall, a piece of New Deal legislation enacted during the Great Depression that prevented big banks from gambling with depositor's funds. Glass-Steagall was repealed by President Clinton in 1999, but thankfully, Tulsi Gabbard is fighting to reverse this irrational decision.

Feb 08 21:44

The Run-Down On Elaine Chao, Trump's DOT Chief & The Highway Tru$t Fund Cri$i$

This is a follow-up to my 'U.S. Interstates Worse than A Six Flags Rollercoaster' vids from yesterday. "The highway trust fund will go bankrupt by 2021 if we don't do something, so we all know this," Chao warned at her Senate confirmation hearings last month. In this video I explain who Chao is and what her plan to save the highway trust fund entails.

Feb 08 17:02

This Is How Out-Of-Whack US Trade Relationships Really Are

After 25 years of apathy.

Feb 08 16:43

New York Stock Exchange Faces Lawsuit Over 2015 Blackout

The Securities and Exchange Commission (SEC) has indicated that it will file a lawsuit against a 2015 outage on the New York Stock Exchange (NYSE). The four-hour long blackout was the worst in the exchange’s history.

Feb 08 16:40

The Biggest Gold Heists In History – So Far

One concern of retail precious metals investors is the possibility of a gold confiscation.

Imagine having the forethought to buy gold to shield your finances from an economic or monetary crisis—only to have it taken away from you by your government. You’d lose not just the protective buffer you put in place but potentially a chunk of your net worth.

Feb 08 16:25

Everything Is Almost In Place, The Economic Crisis Is About To Begin

Greece is getting to default on the debt, countries are setting up parallel system to protect themselves. German industrial production plunges most since 2009. The pace of hiring has slowed, those allegedly quitting has slowed.

Feb 08 16:06

Video: Keiser Report: Topsy–Turvy World

Max & Stacy discuss corn-fed cannibals and copyright-protected Mickey Mouse. Max interviews former market maker at the Pacific Coast Exchange.

Feb 08 16:06

Crude Oil; Most crowded bullish trade in history in play

In the summer of 2014, when Crude Oil was trading near $106 per barrel, traders amassed the largest bullish crowded trade in history. After the crowd turned big time bullish Crude Oil, it started falling in price and Crude underwent a history decline, losing over two-thirds of its value in less than 2-years.

Feb 08 15:48

Will rising bond yields mean ECB QE is To Infinity! And Beyond!?

Yesterday the ECB ( European Central Bank ) President Mario Draghi spoke at the European Parliament and in his speech were some curious and intriguing phrases.

Feb 08 15:43

RACKSPACE BEGINS LAYOFFS…

Feb 08 13:57

BCBG PREPARING FOR POSSIBLE CHAPTER 11 FILING

Feb 08 12:50

ALL WARS ARE BANKERS' WARS!

I know many people have a great deal of difficulty comprehending just how many wars are started for no other purpose than to force private central banks onto nations, so let me share a few examples, so that you understand why the US Government is mired in so many wars against so many foreign nations. There is ample precedent for this.

Webmaster's Commentary: 

TIME FOR A REPOST! Iran announces they are dropping the US dollar, and immediately there is a ratcheting up of calls for war on Iran. The link between private central bankers and wars does not get more obvious than this!

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Feb 08 12:08

Alabama Governor: If We Can Put A Man On The Moon, We Can Build More Prisons

Alabama Gov. Robert Bentley (R) pointed to one of man’s greatest scientific achievements as evidence that his state could build more prisons.

Noting that 2019 would mark the 50th anniversary of his state putting a man on the moon, Bentley argued that Alabama should be able to build more facilities.

“If Alabamians can put man on the moon, we can build new prisons,” Bentley said during his State of the State address on Tuesday. The Saturn V rocket, which propelled Apollo 11 to the moon in 1969, was built at Marshall Space Flight Center in Huntsville, Alabama.

Bentley is seeking to borrow $800 million to build four new state prisons, according to AL.com. The money would pay for four new prisons ? three for men and one for women ? while 13 of the state’s 15 men’s facilities would close.

Alabama has severe overcrowding in its prisons. Last year, PBS reported that the system was holding over 24,000 prisoners ? nearly double the number it was designed for.

Webmaster's Commentary: 

A memo to Alabama Governor Bentley; this was a truly, lousy analogy, and a really nasty slur against the memories of all who worked on Apollo 11 at Huntsville.

The American penal system is completely, dysfunctional, and the rate of recidivism is staggeringly bad, because it focuses only on punishment, rather than any rehabilitation whatsoever.

Countries like Sweden, which do focus on rehabilitation, have far better outcomes and far fewer former criminals who re-offend.

I would like to remind you, Governor Bentley, that one of the classic definitions of insanity is to do the same thing precisely the same way over and over; yet expecting a different outcome.

So it is with the American penal system.

Feb 08 12:05

Is Rising Gold Price An Indication Of A Stock Market Crash?

A tame stock market and an S&P Index that isn’t posting losses or gains of even 1% for 40 consecutive trading days, present a troublesome picture for the investors. But with tranquil stability, there comes rising gold prices which are historically known to shake the very core of the stock markets.

Feb 08 11:54

Trump rides to Ivanka's defense after Nordstrom dumps her product line citing poor 'performance'

He is tweeting about his daughters business while supposedly in an intelligence briefing.

This morning, President Donald Trump lashed out at the retailer Nordstrom, for dumping his daughter's clothing line.

'My daughter Ivanka has been treated so unfairly by Nordstrom,' the president wrote. 'She is a great person – always pushing me to do the right thing! Terrible!'

The tweet came at 10:51 a.m., 21 minutes after the president's daily intelligence briefing was to start.

Feb 08 11:46

Rickards: Trump about to declare currency war

Six years ago in my first book, Currency Wars, I wrote, “There is nothing today that suggests the currency wars will end anytime soon.” Today, those words seem as true as ever.

Feb 08 11:17

THE BLOOD BATH CONTINUES IN THE U.S. MAJOR OIL INDUSTRY

The carnage continues in the U.S. major oil industry as they sink further and further in the RED. The top three U.S. oil companies, whose profits were once the envy of the energy sector, are now forced to borrow money to pay dividends or capital expenditures.

Feb 08 11:10

TRUMP ADMINISTRATION APPARENTLY HEADING FOR WAR AS IRAN DUMPS U.S. DOLLAR

While many were hoping against all odds that a Trump administration would live up to some of its campaign rhetoric and begin to back away from imperialistic foreign adventures, it seems those hopes are being dashed by the day as Trump and his team are giving every indication that they are moving toward war with Iran.

Webmaster's Commentary: 

A memo to President Trump:

Mr. President, I am begging you to listen to me; such a war is apt to go very badly for the US government and its allies.

It appears, and I am very concerned if this in fact is true, that your Administration has taken a page from the following Brookings Institute report:

WHICH PATH TO PERSIA?

In it, the suggestion is made to give Iran a real "sweetheart deal" (as happened with the P5+1 and President Obama), then make the Iranian government look "ungrateful" for the deal they have been given, as a pretext for war against it.

As I have mentioned in previous posts, and even in one today, should the US attack Iran, the Iranian government will most likely get extensive military aid from Russia.

And the US military does not have the weaponry; the money; the manufacturing; or the troop strength to insure a successful outcome to war against Russia and/or China.

President Trump, please don't get fooled by the people who want this war, many times because they will profit economically from such a war. Please remember that it is only the President who has to put his affairs into a blind trust, upon accepting the position of President; the rest of any cabinet members can make a killing (both literally and figuratively) by investing in the military/industrial complex.

Banks also love wars, as all sides borrow - at huge interest rates - to keep the war machines going, and to rebuild afterward.

I am hoping and praying that this is simply a strategy to get the P5+1 deal renegotiated; otherwise, God help this country, lurching into what may well be an unwinnable war that never should have been fought in the first place.

Feb 08 11:09

US Trade Deficit Continues To Rise

The US trade deficit has now reached dangerously high levels. Hitting the ceiling again after 2012, the deficit rose to $502 billion in 2016.

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