ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jun 15 07:09

*****What I have been afraid to blog about: THE ESF AND ITS HISTORY (Part 1-5)*****

It is impossible to understand the world today without knowing what the Treasury's Exchange Stabilization Fund is and what it has been doing. Officially in charge of defending the dollar, the ESF is the government agency which controls the New York Fed, runs the CIA's black budget, and is the architect of the world's monetary system (IMF, World Bank, etc). ESF financing (through the OSS and then the CIA) built up the worldwide propaganda network which has so badly distorted history today (including erasing awareness of its existence from popular consciousness). It has been directly involved in virtually every major US fraud/scandal since its creation in 1934: the London gold pool, the Kennedy assassinations, Iran-Contra, CIA drug trafficking, HIV, and worse...

These five videos are the "answer" I have arrived at after three years of blogging on MarketSkeptics.com. They took me a month and a half to make (and months of research). You will not find the material covered anywhere else.

Jun 15 06:54

U.S. government bond next to go subzero?

Jun 15 02:06

An Unprecedented Jump In The VIX

Jun 15 01:49

JOHN MAULDIN: It's 2000 All Over Again

Jun 15 01:23

Chinese Strategic Oil Reserves Almost Full

Jun 14 18:51

Praying it will work? Chancellor plotting 'punishment' Budget with THREAT 'to add 2p to income tax' and increase death duty, booze and fuel costs

A 'panicked' George Osborne has made an extraordinary threat to hike income tax by 2p in an 'emergency Budget' if Britain votes to quit the EU.

The Chancellor also warned of an increase in inheritance tax, a rise in the duty on alcohol and petrol and cuts to the police, the NHS, pensions and defence – though foreign aid would not be touched.

Furious Tory MPs said his plans for a 'punishment Budget' would be rejected by MPs on both sides of the Commons and he was taking the public for fools.

Jun 14 16:21

Iconic Manhattan store to close after 126 years

Jun 14 15:59

Flashback: How much extra did the UK have to pay the EU?

At the moment the UK is £1.9bn out of pocket, with the promise of further rebates and repayments.

All this reveals the complexity of EU affairs, and the fact that even a Eurosceptic government with no wish to pay any extra ends up having to pay something all the time it is a member of the EU.

Jun 14 15:56

Flashback - Price for rejecting refugees: €250,000 per head

The European Commission on Wednesday proposed a new system for enforcing the relocation of migrants around the EU, giving countries that refuse to accept refugees an expensive “pay-to-not-play” option.

The measure, which would set a price of €250,000 per migrant for countries that want to avoid EU-imposed quotas for the resettlement of asylum-seekers, is part of a raft of new proposals aimed at rebooting the EU’s beleaguered strategy for dealing with the migration crisis.

Jun 14 15:47

Flashback: FURY over £74MILLION wage rise for EU chiefs - funded by OUR taxes

All 55,000 Brussels civil servants are to benefit from the 2.4 per cent salary hike, backdated to July.

This is despite a year marked by a shambolic reaction to the migrant crisis and the stuttering economic performance of the eurozone.

European Commission President Jean-Claude Juncker will get an extra £8,300 next year.

His basic salary will rise to £230,490.68 plus a residence allowance of £34,573.56 to cover the cost of accommodation in Brussels and annual expenses of £12,490.56.

Mr Juncker’s basic pay is 60 per cent higher than the £142,500 annual salary earned by David Cameron.

The commission president is among 10,000 Brussels officials who earn more than the Prime Minister.

Jun 14 15:37

2016 ECONOMY is on the BRINK! Prepping!

Jun 14 15:00

Pensions Continue to Spiral Downward

Jun 14 12:10

CHAOS ERUPTS IN PARIS AS RIOT POLICE UNLEASH ON 50,000-STRONG LABOR PROTEST

French police unleashed tear gas and water cannons on demonstrators Tuesday as tens of thousands packed the streets of Paris in an outpouring of opposition to the government's anti-labor agenda.

The CGT labor union, which helped organized the march, hoped Tuesday's mobilization would be the largest since protests launched over new labor standards, which allow employers to more easily fire workers and create precarious, lower paid positions in place of permanent contracts.

"I’ve been to all the demos since March because I want to live in dignity, not just survive," Aurelien Boukelmoune, a 26-year-old technician, told AFP in Paris. "I want the reforms to be withdrawn, pure and simple. Only then will it stop. For the government's sake, they should withdraw the law, otherwise we'll block the economy."

Jun 14 11:36

At least 40 injured, 58 arrested in Paris anti-labor reform protests – police

At least 40 people, including 29 officers, were injured as protesters against France’s highly unpopular proposed labor law clashed with police in Paris. Police made 58 arrests and deployed tear gas and water cannons against the demonstrators.

Twenty-nine officers and 11 rioters have been injured during clashes in the heart of the French capital, police said.

Security forces deployed six water cannons to calm the demonstrators, at least 58 of whom were detained.

Webmaster's Commentary: 

"You WILL love your slavery to the Private Central Banks!"

"You WILL love your slavery to the Private Central Banks!"

"You WILL love your slavery to the Private Central Banks!"

"You WILL love your slavery to the Private Central Banks!"

Jun 14 09:01

GOLDMAN SACHS BRIBED LIBYAN OFFICIALS WITH HOOKERS, PRIVATE JET RIDES, THEN LOST ALL THEIR MONEY

In 2006, western leaders decided that Gaddafi's oil was more important than his human rights record and complicity in terrorism and lifted sanctions against Libya, creating a massive pool of cash for the country that it turned into a sovereign wealth fund whose business was aggressively courted by Goldman Sachs.

Jun 14 08:51

German bonds go negative for first time as investors panic over surge in support for Brexit

Interest rates have fallen to record lows meaning investors are looking for safe havens to park their cash.

As investors flock to place money in German government 10-year bonds their price has risen

The bonds, which are considered a benchmark of financial security, known as Bunds, are now not paying any money back because demand is too high.

Today the Bund yielded minus 0.028 percent - meaning it was costing anyone who held the investment.

Jun 14 07:46

26 injured, 15 arrested in Paris anti-labor reform protests – police

At least 26 people have been injured as protesters against highly-unpopular labor reforms clashed with police in Paris. Officers deployed tear gas against “hooded hooligans,” while nearly 15 people were arrested, police said.
Tens of thousands of people gathered in the center of the French capital on Tuesday, BFMTV reported.

Clashes took place near Port Royal railway station in Paris. Dozens of people, mostly hooded, threw stones and firecrackers at the security forces, who responded with force to disperse the demonstration.

Several people were injured in the clashes. Pictures on social media showed emergency services evacuating the injured.

Webmaster's Commentary: 

"Labor reform" is just "Austerity" in a new wrapper. The message is still the same. "Work harder, give us more money, and don't expect anything in return!"

It's time to update an old reliable tool!


Jun 14 07:15

'BREXIT TSUNAMI' UK exit would cause 'BIG problems' for GERMAN banks, watchdog warns

If Britain votes out of Europe, Germany's biggest banks would suffer a huge hit that would shake the eurozone's financial system to its core, a top policymaker in Frankfurt has admitted.

Jun 14 07:02

A myopic view of Negative Interest Rates

Jun 14 05:24

Tyranny Of The PhDs

Jun 13 18:48

Historic East Cleveland, Ohio: A City In Decline Faces Bankruptcy

Cleveland, the second largest city in the Midwestern state of Ohio, is celebrating the upcoming Republican National Convention as a symbol of the city’s rebirth. In the words of Jon Pinney, general counsel and treasurer of the 2016 RNC Host Committee, the goal is “to reintroduce the city to the world.” The host committee is hoping for an economic bounce of $200 to $400 million from the convention.

Jun 13 18:21

Different Tax Rules For Wealthy And Powerful

Brian Mulroney will surely be best remembered for the suitcase full of thousand dollar bills he received in a New York hotel room.

The riveting image of the former prime minister accepting wads of cash from a notorious lobbyist — admitted by Mulroney under cross-examination at a 2009 public inquiry — was so eye-popping that it completely eclipsed another fascinating aspect of the story: the sweetheart tax deal Mulroney got from the Canada Revenue Agency after he failed to report the cash.

Jun 13 16:44

The Treasury 'grossly exaggerated' the economic and financial impact of Brexit, says academic review - and Cameron and Osborne are 'treating us like children'

Most economic modelling has found that a Brexit vote in the June 23 referendum would make little difference to Britain's economy, the study by the influential Cass Business School concluded.

It said the Government had ignored waves of research in favour of publishing 'highly prejudiced' reports warning the UK would be poorer by £4,300 per household by 2030 and be hit by an immediate recession.

And in a damning verdict on George Osborne's approach to the referendum campaign, author Dr David Blake, a professor of Pension Economics at Cass Business School at City University London, accused the Treasury of becoming a 'propoganda machine' for the EU.

Jun 13 16:21

EVERYTHING BUBBLE

Jun 13 15:45

False flag, blow-back, or incompetence? A FOREX look at Orlando Shooting

This tragic event in Orlando is an opportunity to connect the dots in an ever simple global world; as explained in Splitting Pennies - key to understanding Forex markets and how our global financial system includes understanding international politics, and specifically US foreign policy, and how it is connected to the US Dollar as a world reserve currency. Forex is information brokerage, both as a facilitator and as primary emission of that information. It is by itself, information - as well, those who play 'the great game' use it to execute their strategem.

Jun 13 15:13

Bond Yields Fall As Fears Rise Over Global Economic Growth

Amid rising concerns over global economic growth, global bond prices surged to a record high on Friday in a “flight to safety” as equity markets in Japan and Europe experienced their worst day since the turbulence at the start of the year.

Jun 13 15:04

Trading the Platinum to Gold Ratio

Jun 13 14:57

George Soros Is Preparing For Economic Collapse – Does He Know Something That You Don’t?

Why is George Soros selling stocks, buying gold and making “a series of big, bearish investments”? If things stay relatively stable like they are right now, these moves will likely cost George Soros a tremendous amount of money. But if a major financial crisis is imminent, he stands to make obscene returns. So does George Soros know something that the rest of us do not? Could it be possible that he has spent too much time reading websites such as The Economic Collapse Blog? What are we to make of all of this?

Jun 13 14:43

Stop the Monsanto Doctrine from Poisoning Democracy and Hawaii - Sign the petition

On June 15 a panel of federal judges from the Ninth Circuit Court will meet in Honolulu to hear oral arguments from four important cases that may result in the environmental equivalent of a Citizens United decision.

The appellate court will either uphold or overturn four recent decisions by the lower federal District Court in Hawaii that invalidated the power of county governments to enact laws that protect public health and the environment.

I support the democratic right, and responsibility, of these local governments to protect the people of Hawaii from the impact of hundreds of experimental agrochemical farms across the islands that currently spray huge quantities of hazardous pesticides on genetically modified seed crops.

In cases involving the islands of Kauai and Hawaii a federal judge struck down local government laws that would have required buffer zones to prevent pesticide spraying near schools, and open air genetic engineering experiments that were seen as threatening to local organic agriculture.

Jun 13 14:42

CHART: The next big move in oil is coming

Jun 13 14:28

Tariq Ali: Global Revolt Against Corporate Capitalism & Inequality – ‘On Contact’ With Chris Hedges

In the first episode of ‘On Contact’, host Chris Hedges discusses the global revolt against corporate capitalism with radical intellectual and author Tariq Ali.

Jun 13 13:51

Billionaire George Soros Preparing For Economic Collapse: “Trading Moves Big and Bearish”

Is there really a great collapse coming, and a more permanent shift to Americans and westerners becoming more like serfs?

Why is George Soros selling stocks, buying gold and making “a series of big, bearish investments”? If things stay relatively stable like they are right now, these moves will likely cost George Soros a tremendous amount of money. But if a major financial crisis is imminent, he stands to make obscene returns. So does George Soros know something that the rest of us do not?

[...] Mr. Soros also argues that there remains a good chance the European Union will collapse under the weight of the migration crisis, continuing challenges in Greece and a potential exit by the United Kingdom from the EU.

Read more at SHTFplan.com

Jun 13 13:35

ECB QE Doing Opposite of Objective

Jun 13 11:25

Market Fails To Breakout—–What Next?

Jun 13 08:48

Violent Riots And Looting Are Now A Daily Occurrence In Venezuela

Last month we reported that citizens in Venezuela had finally become so desperate for food that angry mobs flooded the streets and looted all of the supermarkets that were rumored to still have anything left on their shelves.

Not long after, tired and hungry protesters took to the streets of Caracas once again, this time marching toward the presidential palace as they chanted "No more talk - we want food!." The mob was able to get within about six blocks of the palace before police in riot gear blocked the way, and began to shoot tear gas into the crowd to disperse the protest.

And now, as president Maduro remains defiant on allowing a referendum to take place to vote on his ouster, food riots and violent looting are taking place every day in a stark reminder of just how far the socialist utopia has fallen.

Jun 13 08:47

BREXIT THE MOVIE FULL FILM

Webmaster's Commentary: 

Send this to everyone you know in Great Britain!

Jun 13 08:35

Keiser Report: Gold Price Manipulation

Jun 13 07:55

Bureaucratic Insanity: Free to be Slaves

Schools in America today are less concerned about the overall welfare of students than they are with making sure that they obey all the rules, no matter how pointless, and produce good test scores. The emphasis on mindless obedience and rote learning prepares them for dehumanizing office work, where employers don’t even try to pretend that they care about the welfare of their workers. Instead, they shame them for taking vacation time and force them to work overtime for free. Employers and school administrators only care about what they can produce: children are treated no differently from widgets, and employees are treated no differently from robots.

Jun 13 07:12

Former Morgan Stanley Chief Asia Economist: "Don't Listen To The Ruling Elite, The World Economy Is In Real Trouble"

Andy Xie says the world's elite that are attending the G7, G20, Davos and other wasteful meetings are wrong to try to pin the blame for the turmoil on people’s psychology; all signs point to a prolonged period of global stagnation and instability.

Before the current G7 meetings waste of time, The G20 working group meeting in Shanghai didn’t come up with any constructive proposals for reviving the global economy and, instead, complained that the recent market turmoil didn’t reflect the “underlying fundamentals of the global economy”. The oil price has declined by 70 per cent since June 2014, while the Brazilian real has halved, and the Russian rouble is down by 60 per cent. The global economy is on the cusp of another recession, and these important people blamed it all on some sort of psychological problem of the people.

Webmaster's Commentary: 

Jun 13 07:07

Big Names Are Bailing

The list of heavy hitters who are saying bad things about this world and its financial markets - while acting aggressively on their pessimism - is growing to alarming proportions. A few examples:

Jun 13 07:03

It’s Official: China Confirms It Has Begun Liquidating T-Bonds

It begins!

Submitted by Tyler Durden:

On Tuesday evening, we asked what would happen if emerging markets joined China in dumping US Treasurys. For months we’ve documented the PBoC’s liquidation of its vast stack of US paper. Back in July for instance, we noted that China had dumped a record $143 billion in US Treasurys in three months via Belgium, leaving Goldman speechless for once.

We followed all of this up this week by noting that thanks to the new FX regime (which, in theory anyway, should have required less intervention), China has likely sold somewhere on the order of $100 billion in US Treasurys in the past two weeks alone in open FX ops to steady the yuan. Put simply, as part of China’s devaluation and subsequent attempts to contain said devaluation, China has been purging an epic amount of Treasurys.

Jun 13 07:01

George Soros Terrified of Coming Economic Collapse?

A self-styled philanthropist, billionaire, and disruptor of legitimately elected governments, George Soros has returned to the trading game after having taken a long break. George Soros, who enjoys spreading unnecessary market turmoil and unhappiness in markets and politics, has decided that the world needs some more economic collapse stories.

Hint: It may be time to get into gold soon, because even if Soros is wrong on economic collapse, he has the financial firepower to make it happen if he needs it.

Webmaster's Commentary: 

Jun 12 12:09

The Next Crash: Prelude

Jun 12 08:25

It Begins: One European Bank Fails, Another One Needs An Urgent Cash Injection!

Interesting news this week as Belgium-based Optima Bank has been shut down by both the National Bank of Belgium (which also acts as the Belgian regulating body) as well as the ECB. According to the national supervisor, the bank would have been unable to meet its commitments to its clients and was forced to cease all banking activities after some potentially fraudulent transaction were unveiled. It’s surprising to see the main media have tried to keep this silent as even the website of the National Bank of Belgium didn’t bother to issue the press release in English (whereas all other press releases on the home page can be read in English). There’s no statement from the ECB either, nor has this news been translated on the English version of website of the state-owned national television station.

Jun 12 08:11

Hitler vs (((Rothschild)))

All Wars Are (((Banker))) Wars!!!

Jun 11 16:44

Global Economy at the Brink of Collapse!

Jun 11 16:14

.01%’s Bozo ‘democracy’: War Criminal lying Clinton v. Racist WrestleMania Trump! America’s choice: Staged fear-show for slaves OR arrests to end Wars of Aggression, bankster economics, corporate media lies, and implement OBVIOUS solutions

*hyperlinks/videos live at source*

The US 2016 presidential stage-show is not an election because 25%+ of the “votes” are from electronic “voting” machines that do not provide countable receipts. Obviously: the definition of election includes verifiable vote counting, and without that component we have to call the American system of selecting representatives something other than democracy with elections. Several videos are in this article, with Princeton and Stanford as leading universities pointing out that election fraud is the obvious motivation to produce “counting” machines that provide zero evidence of what they claim to count. Please consider this 2008 2-minute parody from The Onion as the closest documentation we have to the facts:

But that’s the fourth most important fact of this non-election stage-show, as the third most critical element is the non-choice of Americans between Clinton, a lying War Criminal, and Trump, a cartoonish racist buffoon.

Jun 11 15:39

“Death of the Dollar” Not Yet

n/a

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA