ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Nov 21 09:35

QE v Managing Benchmark Rates

Nov 21 09:28

The Fed Slaps Down Negative Interest Rates

Nov 21 09:28

Hong Kong Sliding Like It's 2008

Nov 21 09:18

Trump, Pompeo, and global organized criminal network

The Iranians get it! They call the New World Order,Organized Psychopathy!

By Walt Peretto

US President Donald Trump and Secretary of State Michael Pompeo are now employing the use of sanctions against Iran to foment dissent of its citizenry against their government.

Nov 21 08:57

FOMO in Full Force

Nov 21 08:57

Countries Ranked by Their Economic Complexity

Nov 21 08:51

Maryland Transit Police “Fare-Skipping” Sweeps Finally Ruled Unconstitutional

By MassPrivateI

Over the past four years, Baltimore, Maryland commuters have been subjected to Maryland Transit Authority (MTA) police “fare-skipping” sweeps.

WJZ 13 News reported that the MTA police have been conducting “fare-skipping” sweeps on light trains since 2015.

“There’s police officers and fare enforcement officers on every train all day long. They’re on all the trains,” MTA Administrator Paul Comfort said.

The MTA police even went so far as to create a fare “Sweeps Month” that transit police boasted would help catch fare-skipping commuters...

Nov 21 07:10

Mother of All Financial Crises

Nov 20 19:04

China, USA and the Geopolitics of Lithium

For several years since the global push to develop mass-scale Electric Vehicles, the element Lithium has come intofocus as a strategic metal. Demand is enormous in China, in the EU and in the USA at present, and securing control over lithium supplies is already developing its own geopolitics not unlike that for the control of oil.......

Nov 20 17:47

Brew Ha-Ha: “F— PG&E” Beer for Californians Fed Up with the Criminally Negligent Utility Company

By B.N. Frank

Trouble has actually been brewing for California utility company, Pacific Gas & Electric (PG&E) for many years now. It’s not only about deadly wildfires and planned blackouts either...

Nov 20 11:17

The Calm Before the Economic Storm

Nov 20 10:14

VIX WARNS OF IMMINENT STOCK MARKET CORRECTION

Nov 20 07:21

Fannie Mae Takes Lead In Mortgage Risk Taking

Nov 20 06:24

Gold in CNY ripe for another leg up.

Nov 20 06:14

Merry Christmas from Central Banks

Nov 20 06:07

  US NATIONAL DEBT SPIKED BY $1.3 TRILLION IN 12 MONTHS, TO $23 TN. BUT WHO BOUGHT THIS PILE OF TREASURY SECURITIES?

BUT WHO THE HECK IS BUYING ALL THIS DEBT?
Every dollar of this debt exists in form of Treasury securities that someone must have bought and must own. In terms of foreign holders, we got some answers in the Treasury Department’s TIC data today, which shows how much of this debt was held, bought, or dumped by foreign investors through the end of September. And we can glue the other pieces together from the Fed’s balance sheet and from the Treasury Department’s disclosures.

FOREIGN HOLDERS DUMPED IN SEPTEMBER BUT ARE WAY AHEAD YEAR-OVER-YEAR.
All foreign investors combined – “foreign official” holders such as central banks and foreign private-sector investors of all stripes – dumped $84 billion in US Treasury securities in September. But compared to September 2018, their holdings were up by a massive $551 billion.

Nov 20 03:37

HOUSE PASSES MONTH-LONG SPENDING BILL WITH TWO DAYS UNTIL SHUTDOWN

The House on Tuesday approved a stopgap spending bill, this time hoping to kick the can on full-year appropriations to Dec. 20.

The measure will now go to the Senate, which is expected to approve the bill before the current continuing resolution expires Thursday. The White House has indicated President Trump will sign the stopgap spending bill to avoid a shutdown. Federal agencies have been operating under a CR since Oct. 1.

Lawmakers negotiated the month-long temporary spending bill to give leadership more time to finalize full-year measures for fiscal 2020, which would set line-by-line appropriations for each federal agency. Still, House Republicans overwhelmingly voted against the stopgap bill.

Webmaster's Commentary: 

No one in Congress really cares about the long-term effect of US debt and deficit, because they are only focused on the next election cycle.

Nov 19 17:53

If History Repeats, Gold Is Headed To $8,000

Nov 19 12:52

As Gold Soars, Silver Readies to Catch Up

Nov 19 12:27

The Repo Crisis

Nov 19 09:28

CNBC is careful to admit that owning GLD is not owning gold

Chris Powell of GATA writes today about how he finds it interesting that CNBC are careful to admit that owning the GLD ETF is not the same thing as owning physical gold, a theme that has run strongly throughout our market commentaries for many years.

He writes…

Two cheers for today’s CNBC report celebrating the 15th anniversary of the gold exchange-traded fund GLD, since the report does not pretend that owning GLD is the same as owning the monetary metal itself.

Nov 19 08:52

Repocalypse: The Little Crisis that Roared

Nov 19 08:34

Serious Weakness Underway

Nov 19 07:54

All Eyes On OPEC As Another Oil Glut Looms

Nov 19 06:40

The Booms and Busts of American Home Prices

Nov 19 06:37

POMPEO ISSUES HISTORIC POLICY REVERSAL: ISRAELI WEST BANK SETTLEMENTS 'NOT ILLEGAL'

SOURCE: ZERO HEDGE
In a major, if entirely expected, complete reversal of Obama-era policy on the Middle East, Secretary of State Mike Pompeo announced Monday the Trump administration is reversing the official US stance on the illegality of Israeli settlements in the West Bank.

“After carefully studying all sides of the legal debate, this administration agrees with President Reagan,” Pompeo said in reference to Reagan’s view that settlements were not inherently illegal. “The establishment of Israeli civilian settlements in the West Bank is not per se inconsistent with international law,” Pompeo said.

“The Trump administration is reversing the Obama administration’s approach towards Israeli settlements. U.S. public statements on settlement activities in the West Bank have been inconsistent over decades.”

Webmaster's Commentary: 

Secretary of State Pompeo, are you flipping kidding me?!?

By this "logic", you have started down the "slippery, bloody slope" which will soon necessitate your supporting the following:

1. " Palestine never existed."
2. "All Palestinians who protest peacefully should be shot on sight, including infants and toddlers."
3. Palestinian children should be indefinitely jailed, and if necessary, tortured for "information" on the adults in their family and neighborhood who have said, or done anything, which was anti-Israel in nature, and forced to sign confessions in a language they can neither read, write, nor speak (Hebrew).

As you are well aware, all of these practices have been painstakingly documented to exist.

Also, as you are well aware, the way in which these settlements have been engineered, translates as to a total impossibility for there to be a contiguous Palestinian state, as documented by the following article in January of this year, from the Foundation for Middle East Peace:: Settlement Report: January 11, 2019

The article goes on to state: "Israeli officials have argued that the now-open road should resolve international objections to building the E-1 settlement, since it preserves “transportational continuity” by providing a route for Palestinians to travel between between the northern and southern parts of the West Bank, as a substitute for territorial contiguity of a future Palestinian state).

When construction on the road resumed in 2017 after being stalled for a long period, Peace Now explained:

“If the road will be completed…Israel will be able to argue that Israeli construction in the area does not separate the West Bank because there is a transportation route for Palestinians. This argument, of course, is baseless because a thin line of road that connects separated territorial sections (creating ‘transportational continuity’) does not meet the need for the territorial contiguity essential for the development of East Jerusalem and the Palestinian metropolis. Without these territories, a viable independent Palestinian state cannot be built and prosper, and this could mean the death of the two-state solution.”

Secretary of State Pompeo, I very politely, and gently, urge you to step back from this precipice where you are taking the world, sir; and that precipice is a world war, the outcome of which cannot be pre-determined, and may destroy life on earth as we have known it.

Nov 19 06:26

Corporate cash flow turning?

Nov 18 19:36

Solar Panels Produce Tons of Toxic Waste—Literally

By Bill Wirtz

Beyond the clear misallocation of resources and energy market price distortions, there is a further environmental problem associated with solar panels.

Beyond the inefficient use of these resources to begin with (in the process of making crystalline silicon from silicon, as much as 80 percent of the raw silicon is lost), there are numerous human health concerns directly related to the manufacture and disposal of solar panels...

Nov 18 17:50

How Central Banks Steal From Savers

Nov 18 17:48

US Dirty Hands Behind Violent Protests in Iran?

All sovereign independent countries not subservient to US interests are on its target list for regime change — by preemptive wars, color revolutions, old-fashioned coups, targeted assassinations, economic terrorism, and/or other hostile actions.

Color revolutions are a US specialty. So-called spontaneous uprisings are well-planned in advance by the CIA, the undemocratic National Endowment for Democracy, and other US agencies.

A color revolution was first used to oust Serbia’s Slobodan Milosevic in 2000. Opposition elements were recruited and trained by the US for what played out.

Nov 18 16:42

Nolte: ‘Charlie’s Angels’ Is Fifth Woketard Franchise to Die at Box Office

The 2019 reboot/sequel of Charlie’s Angels just opened to a catastrophic $8 million, making it the fifth man-hating, woketard franchise to get wiped out at the box office.

Angels, which was written and directed by Elizabeth Banks, is not only under-performing expectations by about 50 percent, it got run over by Ford v Ferrari, a movie about real men who throw punches and burn fossil fuels.

On top of being number one at the box office with a $30 million opening, Ford v Ferrari over-performed by about 50 percent.

Having seen and reviewed both, I can tell you that none of this has to do with gender.

Angels is a failure because it features unappealing actresses who are more interested in lecturing us than showing us a good time. The film’s trailers promised a pretentious feminist lecture full of man-hating… and the sexless movie delivered.

Nov 18 13:33

THE US-SPONSORED COUP THAT OUSTED EVO MORALES. BOLIVIA'S PARTNERSHIP WITH CHINA IN LITHIUM PRODUCTION

Will Bolivia’s partnership with China in lithium mining come to an end with Morales’s overthrow? It is very likely. But the larger trend towards change in Latin America and the Caribbean in which Morales’s contribution was pivotal will continue. Opposition to the military backed coup in Bolivia is strong and sustained.

Nov 18 13:32

SIDEWALK LABS' QUIET PLAN FOR CANADA'S BANKS TO MANAGE A NATIONAL DIGITAL ID FOR MEANS-TESTING AND ACCESS TO SERVICES

. In this piece, Radovac reveals the buried plan for a finance-sector managed, all-surveilling National ID card buried in the latest massive wedge of largely unread documents from Google spin-out Sidewalk Labs (previously) that is building a controversial, privatized city-within-a-city in Toronto

Nov 18 12:03

Doug Casey on How the Homeless Crisis Could Soon Become an Epidemic

There is a growing homeless crisis in liberal West Coast cities, including San Francisco, Portland, Seattle, and many others. People living on the street are overrunning these cities.

Residents must deal with human feces, syringes, disease, and filth every day. In some areas, it’s worse than the dirtiest slums of Brazil, Kenya, and India.

How did this happen?

Nov 18 08:31

The Day of Reckoning

Nov 18 07:07

True US Economy About To Be ‘Revealed’ – Stockman Interview

David Stockman is the former budget director for President Ronald Reagan and author of “Peak Trump: The Undrainable Swamp and the Fantasy of MAGA”

He believes that the market “can’t digest” all the money flooding into Wall Street and that the Federal Reserve responded with panic.

Nov 18 06:33

The Top 5 Ways We Use Oil & Gas

Nov 18 05:20

US CONGRESS CRACKS DOWN ON ABC NEWS FOR ‘EPSTEIN COVERUP’, DEMANDS TO KNOW WHO KILLED THE STORY AND WHY

SOURCE: RT
In the wake of explosive revelation that ABC News allegedly knew the extent of Jeffrey Epstein’s crimes years ago but chose not to report them, House Minority Leader Kevin McCarthy has demanded answers from the network’s execs.
In his letter to ABC News president James Goldston, McCarthy demanded the names of those involved in the decision not to run the story, as well as their motives. In a video clip leaked earlier this month, ABC News anchor Amy Robach is caught on a “hot mic” speaking to colleagues about the alleged cover-up.

“I’ve had this interview with Virginia Roberts...we would not put it on the air,” Robach says about the woman who now three years later publicly accuses Epstein of using her as a sex slave, and pimping her out to his powerful friends, including Britain’s Prince Andrew.

Webmaster's Commentary: 

Media power always cracks down on any exposure on corruption, because, most generally, very powerful people include some of the most corrupt in their own industries, and frequently government.

And I would strongly caution Minority Leader McCarthy that, unless your life has been virtuously squeaky clean, these people, and will, can come back to haunt you.

Nov 17 14:20

Trump Promises Farmers More Aid Amid Plunging Incomes 

President Trump tweeted:

Our great Farmers will receive another major round of “cash,” compliments of China Tariffs, prior to Thanksgiving. The smaller farms and farmers will be big beneficiaries. In the meantime, and as you may have noticed, China is starting to buy big again. Japan deal DONE. Enjoy!

One reason behind the continued bailout of US farmers is because the trade war continues to deepen as there is no resolution in ending trade disputes with China.

There's also a significant concern that the first round of bailouts went to large corporate farms and never trickled down to smaller mom-and-pop ones. By late year, farm incomes have plunged, and farm bankruptcies are soaring across the country.

Webmaster's Commentary: 

Mr. President, this comes way too little, and way too late to help out those most savagely hit by your trade wars; US farmers are losing money hand over fist; and losing their farms at a record rate in this country.

You may well have done considerable damage to your base for the 2020 elections, and sir, on this; you have no one else but yourself to blame.

Nov 17 14:15

This Is How The Chinese Are Evading Capital Controls And Secretly Getting Money Out Of The Country

Submitted by Eric Peters, CIO of One River Asset Management

"The only way I know to get money out is to set up a Japanese company,” he whispered.

“That’s why so many Chinese nationals are in Japan. First of all, you can get a visa and permanent residency. Second of all, Japan and China don’t exchange tax information because they’re still bent out of shape about WWII. And thirdly, China’s police can’t come get you. Chinese billionaires don’t get ‘disappeared’ in Japan like they do in HK and NY,” he explained.

“That’s why they’re buying homes in Tokyo and Osaka."

"Despite capital controls, you can settle renminbi transactions in Yen,” he continued.

Nov 17 14:13

Are Democrats "Gerrymandering The Population" With Their Open-Borders Plans?

As The Daily Caller's Virginia Kruta notes, Davi also referenced the Immigration and Naturalization Act, passed by former President Lyndon B. Johnson and “argued by Teddy Kennedy,” saying that they had promised the law would not encourage further illegal immigration.

“This is what’s happening, it’s pure and simple,” Davi continued.

“What they want to do is change the shape and the ideology of this nation by letting people in that have not been educated in the system. Trish, I was just in New York, I spoke to immigrant cab drivers from Bangladesh to the Dominican Republic, guys that are working their butts off that have been here legally, and they’re angry.”

Nov 17 11:59

You Can Run But You Can’t Hide | Doug Casey

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