ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Jan 20 05:43

The BIS, The G20…And Bail-Ins

Jan 19 23:34

Doug Casey: Tensions With Iran Can’t End Well

As you know, the US killed Iran’s top general, Qassem Soleimani, on the orders of President Trump earlier this month. And now, many people are wondering what’s next.

I wanted to get our founder Doug Casey’s thoughts on this major news. As usual, Doug didn’t hold anything back.

As you may know, I’ve always had mixed feelings about Trump. I’m pro-Trump insofar as he’s a cultural traditionalist. He’s anti-politically correct, and that’s why he has the support of Middle America. And he’s reduced regulation in a number of areas, which is great. But Trump has absolutely no philosophical core. He flies entirely by the seat of his pants.

Jan 19 23:30

Does Gangster-nomics Meet its End in the Iraqi Desert?

January 19, 2020 Author: Tom Luongo

In the aftermath of the killing of Iranian IRGC General Qassem Soleimani a lot of questions hung in the air. The big one was, in my mind, “Why now?”

Jan 19 09:00

SHIFTING UNDERCURRENTS IN THE US STOCK MARKET

Jan 19 08:55

President Trump DID threaten Britain, France and Germany with 25% tariff on car exports if they did not wage diplomatic war with Iran over broken nuclear deal, German defense minister claims

By Jack Elsom For Mailonline

Donald Trump tried to strong-arm Britain and its European allies into waging diplomatic war with Iran by threatening to impose 25 per cent tariffs on their lucrative car exports, the German defense minister revealed yesterday.

The US President was piling pressure on Boris Johnson, Angela Merkel and Emmanuel Macron to formally accuse Tehran of violating the 2015 nuclear deal.

At a press conference in London yesterday, Germany's Annegret Kramp-Karrenbauer confirmed reports of such economic threats and said: 'This expression or threat, as you will, does exist.'

A 25 per cent tax on cars would particularly hurt Germany, which exports around £23billion worth of vehicles across the Atlantic each year.

Jan 19 07:35

Uncle Sam Just Used Its Financial Nuclear Weapon Again

Authored by Simon Black via SovereignMan.com,

In August of 1945, the United States became the only country to drop nuclear bombs on an enemy.

Hiroshima and Nagasaki were largely destroyed in the blink of an eye. And the Japanese had no choice but to surrender to the Allies, finally ending World War II.

Ever since, world superpowers have been rapidly advancing weapons technology, constantly raising the bar for destructive power.

It won’t surprise you to find out that the most powerful and destructive weapon in the world, though, by far, is claimed by the United States.

The US is still the world’s dominant superpower, still the largest economy in the world. And the US dollar is still the world’s dominant reserve currency.

This means that the VAST MAJORITY of international trade and cross-border financial transactions take place in US dollars.

Jan 19 07:27

How The US Wages War To Prop Up The Dollar

Authored by Ryan McMaken via The Mises Institute,

At Counterpunch, Michael Hudson has penned an important article that outlines the important connections between US foreign policy, oil, and the US dollar.

In short, US foreign policy is geared very much toward controlling oil resources as part of a larger strategy to prop up the US dollar. Hudson writes:

The assassination was intended to escalate America’s presence in Iraq to keep control of the region’s oil reserves, and to back Saudi Arabia’s Wahabi troops (Isis, Al Quaeda in Iraq, Al Nusra and other divisions of what are actually America’s foreign legion) to support U.S. control of Near Eastern oil as a buttress of the U.S. dollar. That remains the key to understanding this policy, and why it is in the process of escalating, not dying down.

The actual context for the neocon’s action was the balance of payments, and the role of oil and energy as a long-term lever of American diplomacy.

Jan 19 07:18

944 Trillion Reasons Why The Fed Is Quietly Bailing Out Hedge Funds

On Friday, Minneapolis Fed president Neel Kashkari, who just two months earlier made a stunning proposal when he said that it was time for the Fed to pick up where the USSR left off and start redistributing wealth (at least Kashkari chose the proper entity: since the Fed has launched central planning across US capital markets, it would also be proper in the banana republic that the US has become, that the same Fed also decides who gets how much and the entire democracy/free enterprise/free market farce be skipped altogether) issued a challenge to "QE conspiracists" which apparently now also includes his FOMC colleague (and former Goldman Sachs co-worker), Robert Kaplan, in which he said "QE conspiracists can say this is all about balance sheet growth. Someone explain how swapping one short term risk free instrument (reserves) for another short term risk free instrument (t-bills) leads to equity repricing. I don’t see it."

Jan 19 06:58

Israeli agritech profits from military occupation

Technology developed in the context of the occupation is used by Israel’s seemingly benign precision agriculture industry. This civilian application allows Israeli military companies to promote “a sanitized version of their repressive technologies” as tools to combat climate change and world hunger.

Israeli agritech companies “develop and market smart irrigation systems, crop protection solutions and specialty fertilizers to farmers across the world, raking in billions of dollars in annual sales, while enjoying a positive ‘green’ image,” Who Profits states.

This industry contributes to agriculture in West Bank and Golan settlements, as well as the de-development of the Palestinian economy.

The Jordan Valley, the main agricultural region in the West Bank, is under full Israeli military control.

Jan 18 10:38

Safest Gold Vault In The World

Jan 18 10:11

New Mexico May Legalize Marijuana – Here’s What You Need To Know About The Proposal

LAS CRUCES — Democratic Gov. Michelle Lujan Grisham plans to make a push to legalize marijuana for recreational sale and use this upcoming legislative session. The Las Cruces City Council got a look at a policy plan and was able to ask questions at a Monday work session.

The plan was put together by a work group appointed by Lujan Grisham and released in October. Albuquerque City Councilor Pat Davis, the group’s chair, gave the presentation to the council Jan. 13. A bill to fully legalize marijuana was introduced in the state Senate Jan. 16.

Here’s how the plan would work and how it would affect Las Cruces.

Jan 18 06:15

Is the US fiscal stimulus working?

Jan 17 12:17

Florida Republicans Back Proposal to Restrict Private Gun Sales, Impose Three-Day Waiting Periods

While Virginians work to block sweeping gun-control measures authored by Democratic lawmakers, Republicans down the coast in Florida are proposing some of those same anti-gun policies.

A Republican-controlled Senate committee voted unanimously on Monday to pass an omnibus bill that would restrict gun sales, ban private sellers at gun shows, impose safe storage requirements, and mandate a three-day waiting period to obtain firearms.

Jan 17 11:23

Iranian Tech Users Are Getting Knocked Off the Web by Ambiguous Sanctions

By Jillian C. York

Between targeted killings, retaliatory air strikes, and the shooting of a civilian passenger plane, the last few weeks have been marked by tragedy as tensions rise between the U.S. and Iranian governments. In the wake of these events, Iranians within the country and in the broader diaspora have suffered further from actions by both administrations—including violence and lethal force against protesters and internet shutdowns in Iran, as well as detention, surveillance and device seizure at the U.S. border and exacerbating economic conditions from U.S. sanctions. And to make matters worse, American tech companies are acting on sanctions through an overbroad lens, making it much harder for Iranian people to be able to share their stories with each other and with the broader world...

Jan 17 11:14

China’s booming new Silk Road trade hits $1.34 TRILLION

China’s trade with countries participating in its ambitious Belt and Road Initiative (BRI) has been expanding and totaled 9.27 trillion yuan ($1.34 trillion) in 2019, customs data shows.

It has outpaced the country’s aggregate trade growth by 7.4 percentage points, according to the data.

More than $60 billion in investments have been promised under the China-Pakistan Economic Corridor (CPEC), said Zou Zhiwu, vice minister of the General Administration of Customs.

Jan 17 09:21

Colorado Finally Files Bill to Protect Weed-Smoking Employees

A new statewide bill introduced in Colorado will prevent employers from terminating workers who consume cannabis while off-the-clock.

Jan 17 07:31

Are US Banks Facing A Credit Trap?

Jan 17 06:35

Just How Serious Is The Shale Slowdown?

Jan 17 06:15

Looks somewhat like the 2000 buildup

Jan 16 13:44

Battle of the Ages to stop Eurasian integration

The Raging Twenties started with a bang with the targeted assassination of Iran’s General Qasem Soleimani.

Yet a bigger bang awaits us throughout the decade: the myriad declinations of the New Great Game in Eurasia, which pits the US against Russia, China and Iran, the three major nodes of Eurasia integration.

Jan 16 12:48

California: Buying Health Insurance Without Being Slimed

By law, the only period of in the year (barring extreme or life changing circumstances) in which you can start, or change, your health insurance plan ended on December 15, nationwide.

Open enrollment in California, however, continues all the way until the end of January --11:59 p.m., January 31, 2020, to be exact.

Needless to say, Health Insurance companies want as many Californians to think this deadline has passed as possible.

That way, when they find out their plan was "upgraded" and is now prohibitively expensive, they will assume – wrongly – that there is nothing they can do.

A guest post by Corporanon.

Jan 16 12:47

US Clearing Anti-War Voices Off Social Media in Vast Censorship Operation

Darius Shahtahmasebi, The Mind Unleashed
Waking Times

Instagram and its parent company Facebook are removing posts that appear to be in support of the late Iranian commander Qassem Soleimani in order to comply with U.S. sanctions, a company spokesperson recently told CNN.

“We operate under U.S. sanctions laws, including those related to the U.S. government’s designation of the IRGC and its leadership,” the spokesperson said in a statement.

The Iranian government has responded by calling for legal action against Instagram, going so far as to create a portal for the users to submit posts that have been removed by the social media giant. Iran’s government spokesperson, Ali Rabiei called the move “undemocratic.”

Jan 16 12:46

It’s Repo Madness

Jan 16 12:41

What’s the Point of NATO If You Are Not Prepared to Use It Against Iran?

Currently NATO is an anachronism as the Soviet Union collapsed in 1991, but the desire to continue to play soldier on an international stage has granted it a measure of life support. Indeed, the alliance is regularly auditioning for new members. Its latest addition is Montenegro, which has a military consisting of 2,000 men and women, roughly one brigade. If Montenegro should be attacked, the United States is obligated to come to its assistance.

It would all be something like comic opera featuring the Duke of Plaza Toro but for the fact that there are certain things that NATO does that are not really defensive in nature but are rather destabilizing.

Jan 16 09:01

U.S. Gas Giant Downgraded To Junk Status

Jan 15 12:17

KPMG appointed as voluntary administrators as Jeanswest collapses

Australia's horror retail climate has claimed yet another scalp following the announcement that another fashion institution has collapsed.

This afternoon it was revealed that KPMG had been appointed as voluntary administrators of the Australian operations of iconic clothing retailer Jeanswest.

KPMG's Peter Gothard and James Stewart have taken over and will oversee the process, with the business seeking to "restructure".

The much-loved Australian retail brand opened its first store in Perth in Western Australia in 1972, and today the business employs 988 people in 146 stores across the country, news.com.au reports.

It is best known for its popular denim range as well as maternity wear and other wardrobe staples as well as the slogan "Jeanswest fits best".

Jan 15 11:02

The Great Stock Overvaluing

Jan 15 10:17

The West Oppressed the Third World for so Long that It Became Third World Itself

Many have already noticed: The US really, really doesn’t feel like the world leader, or even as a ‘first world country’. Of course, I write that sarcastically, as I detest expressions like ‘first world’, and the ‘third world’. But readers know what I mean.

Bridges, subways, inner cities, everything is crumbling, falling apart. When I used to live in New York City, more than two decades ago, returning from Japan was shocking: the US felt like a poor, deprived country, full of problems, misery, of confused and depressed people, homeless individuals; in short – desperados. Now, I feel the same when I land in the US after spending some time in China.

Jan 15 09:08

Bill Holter: The Fed Has Already Lost Control

Jan 15 09:07

Could the Fed Ever Exit the Repo Market?

Jan 15 06:35

Still decelerating...

Jan 14 10:43

Reports Conclude That Senior Citizens Are Replacing Teens As Employees In Fast Food Restaurants

New reports from Bloomberg have concluded that older people are now replacing teenagers as employees in fast food restaurants. Franchises are hiring more and more senior citizens at a more consistent basis instead of hiring teens as a cashier or part of the kitchen staff for their first-time paying job.

Jan 14 10:37

US Government Openly Announces Plan To Chemtrail-Spray Our Skies

Plans have been announced for an experiment to “cover the sun” on a “small scale”. The project has been named “solar radiation management” (SRM).

Their plans involve spraying the skies with various substances and chemicals such as Aluminium Oxide to see if they can alter “climate change” by blocking sun rays to “cool the earth”.

As reported by the Guardian, “US scientists are set to send aerosol injections 20km up into the earth’s stratosphere in the world’s biggest solar geoengineering program to date, to study the potential of a future tech-fix for global warming.”

Jan 14 10:06

CFR Members And Bilderberg Attendees Appointed By Donald Trump (Taken from the CFR membership and Bilderberg participant lists)

Neil M. Gorsuch, Supreme Court Justice (Individual CFR member)ared Kushner, Senior Advisor to the President (Bilderberg attendee)
Steve Mnuchin, Secretary of the Treasury (CFR corporate member)
Mike Pompeo, Secretary of State (Bilderberg attendee)
Wilbur Ross, Secretary of Commerce (Bilderberg attendee)
Robert Wilkie, Secretary of Veterans Affairs (Individual CFR member)
Heather Ann Wilson, Secretary of the Air Force (Individual CFR member).........

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