ECONOMY | WHAT REALLY HAPPENED

ECONOMY

May 29 12:01

FLASHBACK - Why Isn't Wall Street in Jail?

Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer.

"Everything's fucked up, and nobody goes to jail," he said. "That's your whole story right there. Hell, you don't even have to write the rest of it. Just write that."

I put down my notebook. "Just that?"

"That's right," he said, signaling to the waitress for the check. "Everything's fucked up, and nobody goes to jail. You can end the piece right there."

May 29 11:31

Eastern Airlines takes flight from Miami again with first revenue flight

Eastern is back in business at Miami International Airport.

The well-known carrier with the hockey stick logo — a resurrection of the airline that called Miami home for decades — lifted off for its first revenue flight on Thursday afternoon. The destination for Eastern flight 3145 was Havana, in partnership with HavanaAir Charters.

May 29 11:30

Don’t hold your breath for Millennials to purchase homes: 6 years into a recovery and Millennials are still moving into parental homes at record levels.

I ran into a successful Millennial couple this month and we had a good discussion about housing. They are in their 30s and still do not have any kids. Both are career driven and ultimately would like to buy a home. They have the money to buy but just don’t want to. What they brought up was interesting and they mentioned some of their peers had to resort to moving back in with mom and dad. What they brought up simply reflects a “new normal” for Millennials and that is many are simply not eager to purchase a home. Many are delaying marriage, have smaller families (if any), and a large number are carrying sizable student debt. All of this has caused a low demand for housing and alternative choices to buying a home especially for this cohort of Americans. In California we have a high number of adults living at home largely because of the cost of rents and home prices. Yet this trend encompasses the entire country. Higher home prices and rents have only exacerbated this movement.

May 29 10:51

A New Wave of Bank Layoffs, With More to Come

May 29 10:51

US economy shrank by 0.7% in first quarter: Data

The US economy shrank at an annualized rate of 0.7 percent from January through March, according to official figures.

May 29 10:02

The Worst Place To Be In A Dollar COllapse

May 29 09:55

Jim Sinclair: You MUST Exit the System RIGHT NOW!!!

Jim has asked me to review “G.O.T.S.” (Get Out of The System) with you and comment on it. From a timing standpoint, I can tell you he is as adamant as I’ve ever seen, now, RIGHT NOW you must exit the system!
You will not be afforded the opportunity if you are even one second too late!

May 29 09:49

U.S. Burned by NAFTA, Yet our Leaders Ask Us To Trust Them Again

The North American Free Trade Agreement has been nothing but a disaster for the U.S. Just by taking a look at the auto industry, we see how thousands, if not millions, of auto jobs have been shipped down south. Here in the U.S., the lowest paid autoworkers make $38 an hour with benefits. That is roughly four more times than the average auto worker in Mexico. It is no wonder that Mexico is the most attractive place in North America to build auto factories.

In addition, within the past two years, a whopping 8 automakers have opened plants and expansions in Mexico. Those are jobs that could've supported thousands of families here in the U.S. We were told time after time that NAFTA was going to be amazing for America.

May 29 09:46

Danger Here, Danger There, Danger Everywhere

May 29 09:45

The Worst Place to be During a Dollar Collapse

By TruthNeverTold

Ironically, the places that benefited the most from the debt-and-death paradigm are likely to see the quickest outbreak of chaos when dollar collapse begins in earnest.

May 29 09:39

Inflation acts as a pickpocket on the wallets of working Americans: Young Americans take a big hit given the small weight given to tuition in the CPI.

Inflation is a very real thing. The Fed continues to downplay the impacts of inflation to support their ongoing easy monetary policy. What this has created is an inflated stock market and hot money chasing into other asset classes including real estate. This wouldn’t be such an issue if your typical working American family was benefitting. Instead, it is assisting larger financial institutions and big investors to pick up assets in all segments of the real economy and consequently crowds out regular buyers. Inflation is the end outcome of all this kind of action.

May 29 09:39

Video: Liquidity risks hit Bund futures

May 29 09:27

GDP report: U.S. economy shrank in the first quarter

U.S. economic growth in the first three months of the year was even weaker than initially estimated, slowed by harsh winter weather and a widening trade deficit.

The Commerce Department said Friday overall economy as measured by the gross domestic product shrank at an annual rate of 0.7 percent in the January-March period. That's down from 2.2 percent in the fourth quarter of 2014.

May 29 08:50

HUNGER GAMES: New BBC Game Show Pitting Poor Against Poorer

The BBC is currently casting for a new show that seeks to pit the unemployed and low-paid workers against one another to win a cash prize.

The contestants will be expected to ‘prove‘ themselves, much like those in Suzanne Collins‘ hit series The Hunger Games. A representative from the production company elaborated and stated that ‘people will be put to the test in a series of challenges and tasks’.

May 29 08:49

Greek crisis: Grexit inches closer as Christine Lagarde pours cold water on IMF deal

International Monetary Fund chief Christine Lagarde has refused to rule out a possible Greek exit – or Grexit – from the eurozone.

Lagarde told German newspaper Frankfurter Allgemeine Zeitung that she could not "preclude" a Greek exit, after four months of tortuous bail-out talks that have failed to get both sides closer to a deal to release aid to the country.

Webmaster's Commentary: 

Frankfurter Allgemeine Zeitung later erased Lagarge's comment out of fears it might cause a stock market drop.

May 29 08:47

An Excellent American Orator.

May 29 08:45

Bill Holter - Fed Will Not Be Able to Put Out This Fire

Will the U.S. be forced to do an audit to verify its 8,000 tons of gold if the Chinese reveal how much gold they have? Holter says, “The market place will say do an audit or we will keep selling the dollar. You very well could see an implosion. I have said for many years now that there is going to be an implosion. You are going to go to bed Friday night in a world that resembles the current reality, and you wake up Monday morning and everything has changed. You will be locked into your position. Markets are closed. . . . Think about the brokers or banks that have a huge amount of derivatives. . . . The top two banks in the world alone have $150 trillion in derivatives. The amount of collateral they need to post to keep the game going overnight could be in the hundreds of billions of dollars. Where are they going to get that from? The Fed will not be able to put out this fire.”

May 29 08:30

“Your Money or your License!” New laws revoke licenses over student default

While Americans are busy entertaining themselves and hating each other, bankers and their stooges in government are busting out all the legal screws needed to make sure that their casino capital ponzi scheme elicits perfect results against an increasingly “educated” population.

They want 100% efficiency and they’re not afraid to do what’s necessary to force you to “pay them back,” for the money they created from thin air, the moment you signed your life away, so you can “learn more to earn more,” through their government subsidized student loan racket.

May 29 06:55

Gold Will Continue To Show Up As Money

May 29 05:57

Why the Fed Will Have to Raise Interest Rates

May 29 02:48

Bull Market Dealt A Significant Blow?

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May 28 19:14

Another Recession in 2015?

May 28 18:50

Letting corporations sue governments protecting the environment is no way to solve the water crisis

Salvadorans are currently awaiting a ruling in a six-year legal battle initiated by Vancouver-based mining company Pacific Rim and now pursued by the Canadian-Australian firm Oceana Gold, which acquired Pacific Rim in 2013. In spite of the fact that Pacific Rim had failed to meet Salvadoran regulatory requirements, the company is suing El Salvador for USD $301 million for not having granted them a permit to operate a gold mine. The case is being heard at the World Bank's International Center for the Settlement of Investment Disputes (ICSID), which exists outside of national jurisdiction. Its mandate is to examine the rights of foreign investors without taking into consideration domestic human rights, labour and environmental laws.

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May 28 16:59

Euro-Dollar Parity is Back on the Table

May 28 16:48

UK economy has officially slowed after ONS confirms no change to disappointing GDP that grew just 0.3% at the start of the year

A slowdown in the growth of the UK economy that took experts by surprise and was expected to be revised higher has been confirmed today.

Economists had hoped that the Office for National Statistics would raise its estimate of UK growth from 0.3 per cent to 0.4 per cent when it announced its second reading of data this morning, but there has been no change on last month's first reading.

The first estimate is based on less than half of the data that eventually make up the GDP reading, while the second takes in far more.

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May 28 16:28

JPMORGAN to cut more than 5,000 jobs

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May 28 14:46

Lehman boss to launch stock exchange this summer

Former Lehman Brothers chief Dick Fuld spoke publicly for the first time on Thursday in part to pave the way for this summer's relaunch of the National Stock Exchange, which Fuld part owns, his business partner told USA TODAY.

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May 28 14:44

J.P. Morgan Chase To Lay Off More Than 5,000

May 28 14:16

Meet the BLICS – New Source for Phony Dollar Support – By Jim Willie

The aggravated global financial situation is working toward a series of powerful climax events. The various USDollar platforms are either undergoing seizure or suffering from abandonment by primary players. The grand Reich Finance application is failing finally, with extraordinary lies, propaganda, market rigging, doctored statistics, and $trillion patches leaking. The Western banking system is being lashed at another level, after the multi-lateral lashing with derivatives tied the big Western banks all together following the Lehman killjob in 2008. A new global lashing has begun to show itself, yet another obscenity. Witness the export of QE globally by the USFed via the unlimited vast Dollar Swap facilities (massive slush funds). The new 5 BLICS nations under Western thumb are being used to purchase huge tracts of USTreasury Bonds, surely using Dollar Swap funds, on behalf of the USFed master criminal organization.

May 28 13:13

Your Retirement Plan Is Probably Wrong

May 28 12:45

Only Dirty Deeds Recorders Like Kent County DE's Betty Lou McKenna Restrict Media Access and Cameras.

Monday, May 18, 2015
KingCast and Mortgage Movies See Kent County Delaware Register of Deeds Betty Lou McKenna, Holly Malone and Attorney John Pardee Attempt to Truncate Discovery with Bullshit Dispositive Motions.

Media. Just like KIRO 7 only smaller.
Access, because it is Constitutional.
This is simple stuff, folks.

Today's email to Counsel for Defendants:
Good Day Counselors and media,

I. Offer of Proof Video in Production.

I left the Bat Cave this afternoon to document that which common sense tells us. If you don't get it now you never will. Fortunately Jon Scherer, Recording Manager of King County gets it.Stay tuned for the video link and the Court filing.

II.
Voluntary Dismissal of Negligent and Intentional Emotional Distress Claim.
That is self-explanatory. Document and Proposed order forthcoming.

III. Modification to Motion for Partial Summary Judgment.

May 28 12:43

Generational Transfer of Wealth

May 28 12:40

US containerized exports have plunged off the chart

The good news – if you can call it that: US containerized ocean export activity in April inched up 2.8% from March. It was the first uptick all year, according to the Cass/INTTRA Ocean Freight Index. But in the prior months, the index had plunged to its worst level in the data series going back to the end of the Financial Crisis.

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May 28 12:03

Is US Trade Rep a Wall Street Crony? Groups Demand Transparency

Public interest watchdogs say Americans deserve to know what US top trade negotiator Michael Froman 'has been privately saying to big banks'

May 28 12:03

The TPP, Monsanto, Rockefeller, Trilateral Commission, Brzezinski

By Jon Rappoport

All hands on deck for global, economic, corporate dictatorship.

There are dots to connect here. They’re real, and they’re spectacular.

Let me begin with a brief exchange from a 1978 interview, conducted by reporter Jeremiah Novak. He was speaking with two American members of the Trilateral Commission (TC), a group founded in 1973 by David Rockefeller and his intellectual flunkey, Zbigniew Brzezinski...

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May 28 11:40

The Bernie Sanders Save the Children Fund

Meet Hanna. Hanna wasn't always hungry – but then Old Spice released its Red Zone Aqua Reef Sweat Defense Solid. Now she’s starving.

"You don't necessarily need a choice of 23 underarm spray deodorants or of 18 different pairs of sneakers when children are hungry in this country." - Sen. Bernie Sanders

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