ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Dec 17 07:21

Neoliberal Economics Destroyed the Economy and the Middle Class

According to official US government economic data, the US economy has been growing for 10.5 years since June of 2009. The reason that the US government can produce this false conclusion is that costs that are subtrahends from GDP are not included in the measure. Instead, many costs are counted not as subtractions from growth but as additions to growth. For example, the penalty interest on a person’s credit card balance that results when a person falls behind his payments is counted as an increase in “financial services” and as an increase in Gross Domestic Product. The economic world is stood on its head.

Dec 17 06:12

SECRET DEEP STATE DEMANDS: THE FBI WANTS CONSUMERS’ CREDIT DATA

SOURCE: SHTFPLAN.COM
Secret Deep State Demands: The FBI Wants Consumers’ Credit Data
Authored by Mac Slavo via SHTFplan.com,

The Federal Bureau of Investigation has secretly demanded access to a whole bunch of consumer credit information and data. Recently revealed documents prove that the FBI wants access to troves of financial information from the nation’s largest credit agencies.

According to a report by Tech Crunch, this is a regular thing for the FBI. The government agency regularly uses these legal powers (known as national security letters) to compel credit giants to turn over non-content information, such as records of purchases and locations, that the agency deems necessary in national security investigations. But these letters have no judicial oversight and are typically filed with a gag order, preventing the recipient from disclosing the demand to anyone else; including the target of the letter.

Webmaster's Commentary: 

The Forth Amendment to the Constitution of the United States, has been getting continually clobbered by these national security letters.

Now, I am a person who loves to look on line for things like clothing, etc., because the customer experience in this country has gone the way of the dodobird, and the dribble glass.

But that this would in any way, make me more interesting to all the alphabet soup agencies who continually monitor this site, I don't know.

And yes, yesterday, I was looking at clothing; I confess, I confess; but do any of you monitoring this site understand how difficult it is for a 70 year old woman to purchase a comfortable pair of slacks which really will look good on her?!?

Sorry for attempting to inject a little levity here ...However, that being said, this is the butt-ugly truth of the business; when one has so much data, it can become absolutely overwhelming, and it is difficult to ferret out what is important, and what is not.

My shopping browsing habits are not anything with which to be concerned; anything the watchers of this site need to be concerned with, is what I say here.

And yes, just to annoy all the people who have been "tasked" to monitor this blog, (probably for having done some incredible screw-up in their job),I am a Christian pacifist activist, who never, ever condones violence, but consistently encourages her country to find ways of achieving its geopolitical objectives through honest, reasoned, hard, good-will negotiations, rather than through wars.

And if someone in the deep state wishes to correct me in my attitude or logic, please feel free to call; you've got my number!! :-)

Dec 17 05:34

Next Real Estate Recession

Dec 17 05:25

Chinese Gangs Infect Pigs With Swine Fever In Criminal Meat Scheme

Chinese criminals have been flying drones onto farms and infecting perfectly healthy pigs with African swine fever, lowballing the farmer for their sick pigs, and then selling the tainted meat as healthy, according to SCMP, citing China Comment - a magazine affiliated with state news agency Xinhua.

Webmaster's Commentary: 

That explains the rapid spread of the illness!

Dec 17 05:16

New York Fed Plans to Throw $2.93 Trillion at Wall Street’s Trading Houses Over Next Month as New York Times Remains Silent

One has to wonder how much money it would take for the New York Fed to throw at Wall Street before the New York Times reports to its readers on the biggest Wall Street bailout by the Fed since the financial crisis.

Last Thursday, December 12, the New York Fed announced that over the next month it would shower the trading houses (primary dealers) on Wall Street with a total of $2.93 trillion in short-term loans. The money is for a Wall Street liquidity crisis that has yet to be explained in credible terms to the American people and yet the New York Times does not appear to have an investigative reporter assigned to investigate what’s really going on just 11 years after those same trading houses blew themselves up in the biggest financial crash since the Great Depression and took the U.S. economy along for the ride.

Dec 16 19:51

Great time to chase stocks

Dec 16 17:35

Are we in a digital advertisement bubble?

Dec 16 17:12

Is SEC Enforcer Steven Peikin A Goldman Sachs Crony Protecting Corruption?

By Aaron Kesel

Ever since the 2016 election, when the DNC super Democrats (delegates) and the Clintons rigged the Democratic Primary against Bernie Sanders, this reporter has spent a lot of time researching the corruption of the Washington, D.C. swamp (that obviously wasn’t drained when Trump was elected).

In fact, as this author has reported, the swamp was filled with Goldman Sachs swamp monsters and alleged fraudsters. Here is yet another example...

Dec 16 16:16

Consumer confidence is the next shoe to drop

Dec 16 14:43

Margins, Debt, & S&P 500 Profits

Dec 16 14:38

Inside Santa Rosa's mile-long tent city amid plans to shelter its residents in FAIRGROUNDS as California struggles under the weight of 130,000 people living on the streets

Officials in Santa Rosa are set to unveil emergency proposals to shelter people in fairgrounds as the city - and the state - struggles with a homeless emergency where more than 130,000 people are living on the streets across California.

In Santa Rosa, around 185 people have set up a mile-long camp along the Joe Rodota Trail, next to Highway 12.

The proposed plan, set to be unveiled on Tuesday, will allow some of those living in the camp and the rest of the 3,000 homeless people in Sonoma County to move into the fairgrounds, The Press Democrat reports.

Leaders in the city, struggling with the biggest homeless camp in its history, are said to have been inspired by how the fairgrounds were used during wildfires and flooding.

Webmaster's Commentary: 

(Sigh) I know that there are many areas where the economy is working brilliantly (for the already monied); but for these homeless numbers to be so astoundingly high, translates into the very hard reality, that the current business model is NOT working all the way up and down the "food chain" of the American economy.

Dec 16 13:54

Doug Casey: The Rich Will Soon Cheat Death

Dec 16 11:22

Foreign Companies Aren’t Leaving China — They’re Doubling Down

Nobody's leaving; trade war or not, foreign investments are up, especially in the hi-tech sector

Dec 16 09:48

"Massive... Huge... Largest Ever": Fed Will Flood Market With Gargantuan $500 Billion In Liquidity To Avoid Year-End Repo Crisis

In previewing today's Fed statement regarding repurchase operations, on Tuesday Curvature Securities repo expert Scott Skyrm said that he expects the Fed to announce a $50 billion (at least) term operation for Monday December 23 (double the current term ops) and a $50 billion (at least) term operation for Monday, December 30. This prediction was in response to Zoltan Pozsar's warning that reserve levels are too low and the result would be a market crash that could spark QE4.

Well, moments ago the NY Fed did publish it latest weekly "Statement Regarding Repurchase Operations" as expected laying out the Fed's expected repo operations for the period December 13 - January 14... and it blew Skyrm's expectations out of the water

Dec 16 09:35

Pre-Christmas shopping discounts 'could hit 50%'

Sales discounts on clothing and products in the lead up to Christmas could be the biggest in almost ten years, according to one consultancy.

Deloitte, which has monitored the prices of 800,000 products online and in shops since 2011, expects average discounts to hit 50% by Christmas Eve.

Its forecast came as data provider Springboard said shopper numbers were lower than the same time last year.

Dec 16 08:16

Big Rise Coming in Food Prices

Dec 16 07:58

Why Late Stage Bubbles Are Brutal

Dec 16 07:19

How to Win Friends and Infuence People: Trump Weighing 100% Tariffs on $10bn of EU Goods

The Office of the US Trade Representative (USTR) has published a new list of additional European products that it’s reviewing in the Section 301 investigation involving the enforcement of US WTO rights.

The notice contains a list of products, initially published in April 2019 and July 2019. The extended list is weighing the idea that 100% tariffs could be seen on products from almost every country in Europe. Some of these products include whiskeys, virgin olive oil, yogurt, cheese, knives, tools, liqueurs, and dozens of other products.

Dec 16 07:17

Boeing Considers Suspending 737 MAX Production

Sources have told The Wall Street Journal that Boeing could temporarily halt production of the 737 Max amid concerns the timeline of ungrounding the aircraft could be pushed further out. The decision to disclose the fate of the 737 Max production could arrive as early as Monday.

Boeing hosted a regular board meeting on Sunday in Chicago. Sources said the fate of the 737 Max production comes days after US regulators criticized Boeing for providing unrealistic timelines for when the plane will return to the skies.

Dec 16 07:07

A "Market" That Needs $1 Trillion In Panic-Money-Printing To Stave-Off Implosion Is Not A Market

t was all fun and games enriching the super-wealthy but now the karmic cost of the Fed's manipulation and propaganda is about to come due.

A "market" that needs $1 trillion in panic-money-printing by the Fed to stave off a karmic-overdue implosion is not a market: a legitimate market enables price discovery. What is price discovery? The decisions and actions of buyers and sellers set the price of everything: assets, goods, services, risk and the price of borrowing money, i.e. interest rates and the availability of credit.

The U.S. has not had legitimate market in 12 years. What we call "the market" is a crude simulation that obscures the Federal Reserve's Socialism for the Super-Wealthy: the vast majority of the income-producing assets are owned by the super-wealthy, and so all the Fed money-printing that's been needed to inflate asset bubbles to new extremes only serves to further enrich the already-super-wealthy.

Dec 15 13:41

The History of Hybrids: How Breeding And Selection Led to Modern Marijuana

Cannabis growers are always searching for the next remarkable strain. The countless flavors and multitude of effects combine to create endless possibilities. In the last 60 years, breeders have capitalized on the diversity of cannabis more than ever before, crossing strains from around the globe.

Dec 15 08:21

Fed Repo Funding for Year-End

Dec 14 06:55

Trump Had to Walk Back Existing Tariffs for “Phase One” Deal

The 15% tariff imposed on $120 billion in Chinese goods in September will be halved to 7.5%:

In a statement issued Friday, the Office of the U.S. Trade Representative (USTR) called the deal a “historic and enforceable agreement” and said the U.S. agreed to modify its tariff actions “in a significant way.”

The U.S. will maintain the 25% tariffs on about $250 billion of annual Chinese imports it imposed during the 18-month trade war, the USTR said. But it will halve the tariffs on an additional $120 billion of Chinese imports to 7.5%, the USTR said. China retaliated with similar measures.

Trump is bigging the deal as “very large” securing “massive purchases” and “many structural” changes by the Chinese.

Dec 14 06:35

No Rate Cuts In 2020: Same Mistake As 2018?

Dec 14 05:50

Teacher Unions Destroy School Accountability

Authored by Robert Fellner via The Mises Institute,

Just months after successfully threatening an illegal strike to obtain a modest salary raise, members of the Clark County, Nevada, teachers union, the Clark County Education Association (CCEA), are going to have to give a big chunk of that back, thanks to a pair of recent rate hikes that will cost the average teacher nearly $1,000 a year.

The union claims that higher taxes and increased spending are the only way to improve Nevada’s public schools but neglects to explain why the near tripling in spending that has already occurred since 1960 has failed to improve student performance.

Dec 14 05:06

Clashes erupt in Delhi over citizenship law; Japan PM cancels visit

Violent clashes erupted in Delhi between police and hundreds of university students on Friday over the enactment of a new citizenship law that critics say undermines India’s secular foundations.

Police fired tear gas and used baton charges to disperse scores of students demonstrating at Jamia Millia Islamia university in the heart of Delhi over the law.

Protesters attacked cars in the capital, and several people were injured and taken to hospital.

Zakir Riyaz, a PhD student in social work, said the new law made a mockery of India’s religious openness.

Webmaster's Commentary: 

So, now it's "open season" on India's Muslims, in terms of denying citizenship to them?!?

What else will be denied them, beside the right to vote, under this law; will they not be able to attend the finest schools in India because of this?!? Will they have to present a pass, every time they work?!? Are there going to now be some jobs forbidden to them?!? And will housing become completely segregated by faith, driving Muslim families out of the marketplace?!?

I would politely suggest to the Indian government, that going the way of Israel's apartheid, is not going to help empower India in a positive, and moral direction.

That huge Thumpa-thumpa we are all hearing right now... is the sound of Mahatma Gandhi, whirling in his grave, at warp-drive speed.

Dec 14 03:50

China Quietly Ramps Up Oil Production In Iran

Authored by Simon Watkins via OilPrice.com,

The supergiant Azadegan oil field, comprising major north and south sites, is as important to Iran’s overall strategic plan to survive the current sanctions environment and to prosper when they are lifted as the flagship South Pars supergiant gas field and the added-value products of its petrochemicals sector. Last week Iran’s Petroleum Engineering and Development Company (PEDEC) announced that five new development wells and an appraisal well are to be spudded in North Azadegan to maintain current production levels. OilPrice.com understands from various senior energy sources in Iran that this is only part of the picture, with much bigger plans having been agreed for rollout in the coming six months with the help of China and Russia.

Webmaster's Commentary: 

And what, pray, does the US and NATO have in store for the world, in about 4- 6 months' time?!?

rReforger Redux-Defender 2020 to be the 3rd larges exercise in Europe since the Conld War

And from Google.com, we learn the following: Schedule: NATO's Defender 2020

The story goes on to state: "The joint, multinational training exercise is scheduled to take place from April to May 2020, with personnel and equipment movements occurring from February through July 2020. The exercise supports objectives defined by NATO to build readiness within the alliance and deter potential adversaries".

Unfortunately, geopolitically "awakened" (I won't say "woke", because it is just lousy English, sorry) people could see this coming from a mile away. in an early November edition of the blog, FtRuss.com, comes the following article: HERE WE GO AGAIN: Russian ‘Threat’ Back On NATO’s Agenda

But read just a little further from www.defensenews, and you will, in a very very clear and uncompromised manner, understand who the "enemies" are, in this; Russia, and China of course.

And of course, right at the very end of this, the author of this article, one Jen Judson, "steps in it", mightily, regarding why NATO and the US are ticked at Russia, where the following assertion is made: "After Russia annexed Crimea in 2014, the U.S. began to invest in a buildup in Europe to deter Russia from acting similarly in another country."

Jen, for God's sake, "denial", is not a River in Egypt; wake up, and smell the Selective Memory Disorder Syndrome, from which you are obviously suffering, horrifically, in order to make such a claim.

Fact # 1: President Obama admitted, in an interview on CNN with George Stephanopoulos, that he had been part of a European effort to "regime change" Kiev" in 2014:? Washington Was Behind Ukraine Coup: Obama admits that US “Brokered a Deal” in Support of “Regime Change”

Fact 2: Victoria Nuland, Assistant Secretary for European and Eurasian affairs, bragged about what the US spent to regime change in Ukraine: The United States spent $5 billion on Ukraine anti-government riots

Fact 3: Post-Poroshenko coup, the people of Crimea did two things; they held a referendum, asking the Crimeans if they wanted to remain with Ukraine, or petition Russia to become a part of the Russian Federation. Crimea referendum: Voters 'back Russia union'

Fact 4: When the Crimean people petitioned Russia, to be accepted as part of the Russian Federation, the Russian Federation did accept the country.

Jen, there was no annexation; this was simply a people, the Crimeans, who were exercising one of the most important human rights cherished under the NU Universal Declaration of the Rights of Man, to which Russia, Ukraine, and the US, are all signatories: peaceful self-determination.

You have, obviously, made the choice to keep shilling US government propaganda, in order to empower any narrative which cannot actually stand on its own, and here, it was that Russia "allegedly annexed" Crimea, an action which never really happened, in fact.

Dec 13 19:04

The Booming US Furniture Industry Has Sparked A Desperate Scramble To Find Workers

The U.S. furniture industry is humming right along, with names like Crate & Barrel and Williams-Sonoma the beneficiaries of expanding manufacturing domestically. The tailwind has been sustained growth since the financial crisis and a trade policy that is encouraging more production in the U.S.

But the one problem the industry has now is a lack of skilled workers, according to the Wall Street Journal.

Furniture manufacturers across the United States are having trouble filling open slots with the job market as tight as it has ever been in the U.S.

Meanwhile, a generation of sewers and upholsterers have simply avoided the industry, leaving it reliant on an aging workforce.

Dec 13 12:02

The global slow motion train wreck continues

Dec 13 11:47

China Says US, China Won't Impose Dec 15 Tariffs, But Existing Tariffs Remain

Update: after much confusion, China is now confirming some of the details revealed overnight, whiled denying others despite the country's stern silence overnight. Here are the highlights from the press conference

Dec 13 08:15

Evicted at gun point: How poor people survive in the USA

Homelessness, hunger and shame: poverty is rampant in the richest country in the world. Over 40 million people in the United States live below the poverty line, twice as many as it was fifty years ago. It can happen very quickly.

Many people in the United States fall through the social safety net. In the structurally weak mining region of the Appalachians, it has become almost normal for people to go shopping with food stamps. And those who lose their home often have no choice but to live in a car. There are so many homeless people in Los Angeles that relief organizations have started to build small wooden huts to provide them with a roof over their heads. The number of homeless children has also risen dramatically, reaching 1.5 million, three times more than during the Great Depression the 1930s.

Dec 13 08:14

Trump Okays Phase One Of US-China Trade Deal To Avert Tariffs

President Donald Trump has signed off on a phase-one trade deal with China which would avert imminent U.S. tariffs and reduce sanctions in exchange for a promise from China to purchase U.S. agricultural produce, reports said.

The agreement would delay the Dec. 15 introduction of a new wave of tariffs on $160 billion in Chinese-made consumer electronics and toys. It would also reduce some of the existing tariffs on the Asian country by half.

Trade officials had met with Trump Thursday afternoon at White House, to brief the President about the agreement. The terms in the agreement have been agreed and negotiators are working to finalize the legal text, CNN reported citing officials familiar with the agreement.

Dec 13 08:01

The Fed Has 'Absorbed' 90% Of Treasury Issuance Since September

Let’s look at a few of Chairman Powel’s words at yesterday’s press conference. Please read them and tell me whether this sounds to you like a man who doesn’t understand what he’s doing. Or if you think he’s deliberately pulling words out of his ass, stringing them together, and spewing them from his mouth in an effort to gaslight the investing public.

I’ll take the latter. The Fed is in the propaganda business. It knows what it is doing. Double talk, lies, and utter bullshit are its stock-in-trade.

Dec 13 07:36

Blowing Bubbles for Fun and Profit

Dec 13 07:35

The Criminalization of Masculinity

For half a century, conservatives have been putting their readers to sleep with denunciations of the sexual revolution as a kind of anarchic free-for-all where men’s sexual impulses are gratified at the expense of women’s long-term well-being. But, as I have explained at length elsewhere, the current hook-up scene is no chaos of random coupling; it is a Darwinian competition between women for the attentions of a relatively small number of men. This mating system’s predictable output—possibly its intended output—is a large number of disappointed young women ripe for a message of resentment and revenge upon the opposite sex.

Dec 13 07:33

Soros-Linked Group Gets Six GOP Governors to Resettle More Refugees

A pro-mass immigration organization with links to billionaire George Soros has successfully lobbied six Republican governors to resettle more refugees in their states.

Dec 13 07:29

Conservative Media Blackout on Amnesty Bill Keeps GOP Voters in the Dark

More than 99% of Americans have no idea that Congress voted to pass an unpopular Amnesty bill yesterday (HR 5038: The Farm Workforce Modernization Act), which would grant Amnesty, jobs, and voting rights to more illegal immigrants than Reagan's 1986 Amnesty, because conservative and alternative media sources joined with the mainstream press to keep Americans in the dark about the bill.

Pro-Amnesty and open-borders elites are making massive gains in Washington while Americans are being distracted and neutralized by censorship, media blackouts, the impeachment spectacle, and the haze of the holidays.

Dec 13 07:27

Trump Folds: Will Cancel New China Tariffs, Offers To Cut Existing Tariffs By 50% In Exchange For Pledges: Report

And just like that, confirming weeks of media speculation, Trump has folded with the Dow Jones/WSJ reporting that not only will Trump not impose the new tariffs set to come into effect on Dec 15, but will cut existing tariffs by up to 50%.

U.S. Negotiators Offer to Cut Existing Tariff Rates by up to 50% on $360 Billion of Chinese Imports - Sources
U.S. Negotiators Also Offer to Cancel New China Tariffs Set to Take Effect on Dec. 15 - sources
President Trump will Hold Meeting Thursday to Discuss China Trade - Sources

Moments before the WSJ report, Trump wrote in a Tweet: “Getting VERY close to a BIG DEAL with China. They want it and so do we!”

Getting VERY close to a BIG DEAL with China. They want it, and so do we!
— Donald J. Trump (@realDonaldTrump) December 12, 2019

China's Global Times twitter troll was delighted:

Dec 13 06:30

Germany Tells US to ‘Mind Its Own Business’ as Congress Votes in Sanctions on Nord Stream Companies

I keep hearing how Russia and China are not allies because they aren’t as close and don’t have a formal treaty like the US and its European NATO “allies”. Well at least Russia and China don’t sanction each other’s economies. In fact it is the US and Germany which are not allies, that’s because the Empire does not have allies, only clients. The difference between the two being precisely that allies are entitled to their own separate interests where client states are not.

Dec 13 06:06

FAA Calculated Boeing 737 MAX Could Crash 15 Times and Kill 3,000 People — But Allowed It to Keep Flying

In selling passenger jets Boeing has to market to vigilant for-profit airline companies (private and foreign state-owned ones alike). Yet this is the level of wool it tried to pull over their eyes, and for a time, with the help of a compliant government department (the FAA), succeeded.

We can then only imagine the level of fraud that goes on behind doors when it’s selling, not to commercial entities, but to the US government, where it is accountable only to generals who are spending someone else’s money and have eyes set on cushy retirement bonuses that Boeing can provide. (The flying coffin that is the Bell Boeing V-22 certainly comes to mind.)

Dec 13 06:04

China Refuses To Confirm Trade Deal As Local Media Stays Dead Silent

Markets are closed in Beijing, the workday is over, and there no official reports in local media of an actual trade deal, that is because, as we explained on Thursday night, the language of the deal will never be made public and there would be no signing event between President Trump and President Xi. One may ask if there is even a "deal"?

As the WSJ writes this morning, China indicated that a near-term trade agreement with the U.S. has yet to be completed despite President Trump’s signoff, highlighting the unpredictability of a negotiation process that has rattled global markets and businesses.

Dec 12 14:14

Prediction: QE4 Will Begin By Year-End

Dec 12 13:51

Autoflower Cannabis – How To Grow And Grow Guide

People are getting increasingly excited, interested, and curious about it. There is a good reason for all this excitement. This isn’t a typical marijuana trend; it could be a total game-changer.

So, why all this clamor about autoflowering marijuana plants? There is a good reason for all this excitement, let’s look at some of the 3 best attributes of the plant:

1. They are smaller. This means they are easier to hide, harder to spot, and are, therefore, a safer choice with a greater variety of grow location options

Dec 12 13:46

Federal Marijuana Legalization Is A Lock – But How, When?

If you listen carefully, you will hear the sound of a crooked foundation known as marijuana prohibition starting to crumble in the United States. It has been more than eight decades since the federal government outlawed the cannabis plant nationwide, and yet, here we are finally standing on its lawn with torches in hand waiting for a day of reckoning.

Because no matter how much the suits on the Hill have schemed to enslave a population through backasswards drug laws, the nation has risen up in true knock-down-drag-out fashion and fought for its freedom back. Admittedly, this battle for legal bud took a lot longer than it should have, but considering that everyone in the trenches was stoned beyond belief, the marijuana movement seems to be arriving right on time.

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