ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jan 20 10:05

Another Ponzi Exposed As Long-Term Care Insurers Double Premiums To Stave Off Losses

We spend a lot of time talking about the various state and local public pension ponzi schemes around the country that will inevitably wreak havoc on the global financial system at some point in the not so distant future. As we pointed out in a post entitled "Study Of 10-Year State Pension Returns Highlight Full Extent Of Public Pension Ponzi," most well-meaning public pensions go full-ponzi by perpetually manipulating one small variable: discount rates. While setting a high discount rate artificially reduces the present value of future retiree payments, thus making a fund look more 'funded' than it actually is, when actual asset returns lag that artificially high discount rate for a sustained period of time the true underfunding becomes increasingly obvious...of course, the ponzi continues right up until the pension faces a solvency crisis at which point a taxpayer funded bailout is ordered...which is exactly what is happening in Kentucky right now.

Jan 20 09:34

Countries Pivot Away From The Dollar As The Central Bankers Prepare For The Collapse - Episode 1473a

Jan 20 09:31

What Will Rising Mortgage Rates Do to Housing Bubble 2?

Oops, they’re already rising.

Jan 20 09:16

US government goes into shutdown after Senate rejects funding bill

The United States has its first government shutdown in nearly five years after senators failed to reach a deal to keep the lights on.

An effort by Republicans to keep the government open for one month was rejected in a vote on Friday night after they failed to address Democratic concerns about young undocumented migrants known as Dreamers.

Jan 20 09:14

The Economic Agenda To Bring The Economy Down Has Begun

UK Sales decline sharply. Confidence in the economy is dropping. The corporate media will begin the propaganda that the economy is doing poorly and its because of Trump policies.

Jan 20 09:08

Orange County California is now a shit hole

Jan 20 08:20

How Much Do You Know?

If you do not understand Bitcoin and Blockhain and their difference, then this is for you.

Jan 20 07:21

BTC And Google Searches

Jan 20 07:12

California’s Income Inequality Now Worse Than Mexico’s, Poverty Level Highest In America

Were California a Country It’d be the 17th Most Unequal Nation on Earth, Ahead of Mexico & Guatemala

Jan 19 16:32

After Scoring Huge Tax Cuts, Charles Koch Floods Ryan With Cash

In the months leading up to the passage of the Republican Party’s long-awaited tax bill last year, the powerful political operation run by the billionaire Koch brothers was one of the strongest forces pressuring lawmakers to pass massive tax cuts for wealthy individuals and corporations.

“Republicans never hid the fact that this tax bill was about pleasing their big donors,” Adam Smith, communications director at campaign finance reform nonprofit Every Voice, told International Business Times. “And it looks like House Speaker [Paul] Ryan is quickly being rewarded for passing this legislation that overwhelmingly benefits the Kochs and billionaires like them.”

Jan 19 16:10

An Equity Bubble Second-To-None...

Jan 19 15:21

UK retail sales slide in tough December

UK retail sales fell by 1.5% in December compared with November, the biggest monthly fall since the EU referendum, official figures show.

The Office for National Statistics (ONS) said many shoppers had shifted spending to November to take advantage of Black Friday offers.

It comes as Carpetright and clothing chain Bonmarche were the latest retailers to report a tough Christmas.

A squeeze on consumer spending also led to a difficult December for UK shops.

Jan 19 15:19

Amazon raises monthly Prime price in US

Amazon has raised the price of monthly Prime memberships in the US by $2 to $12.99 (£9.40), in a bid to push more people to an annual plan.

The annual cost of Prime, which includes two-day shipping and video streaming, was unchanged at $99.

Amazon said the change does not affect the UK or other countries.

Jan 19 14:13

Are 250 Recently Closed Sam’s Clubs Buildings Being Converted Into FEMA Type Detention Facilities?

This could be the year when politician’s local, state and federal can have warrants for their arrest since the corruption with pedophilia goes deep in all levels of government. The Washington Times reports of arresting leaders and possibly politicians in Sanctuary cities.

Jan 19 12:27

Amazon hikes monthly Prime membership prices by 18 percent to $12.99

Amazon.com is looking to squeeze more money out of monthly subscribers to its free two-day shipping service, which could persuade many of them to sign up for annual subscriptions.

Monthly subscribers to Amazon Prime now have to pay $12.99 each month, an 18 percent jump, according to Amazon's website. At that rate, monthly customers would pay $156 a year.

Jan 19 10:38

People flocking to low-tax states could swing future elections

Just a month ago, as friends and families prepared to gather for the holiday season, the men and women at the U.S. Census Bureau were busy releasing their latest annual estimates of population changes across the United States.

With the hustle and bustle of the season, many Americans missed the important new data. The new census estimates detail how states have grown since the last full census in 2010. The estimates provide some fascinating insight on what we can expect from the quickly approaching 2020 Census.

For those of us wonky enough to follow the annual trends in state-by-state migration, the numbers were an early Christmas gift.

Jan 19 10:35

Orange County California Homeless 2017

Jan 19 09:57

Ruthless RBS bankers ordered staff to let struggling customers ‘hang themselves’ to make every penny during the financial crisis, newly uncovered documents reveal

Ruthless bankers ordered staff to let struggling customers ‘hang themselves’ in an effort to squeeze out every last penny of profit during the financial crisis.

A damning memo by a manager at Royal Bank of Scotland sheds new light on the cutthroat culture at a turnaround unit meant to save failing firms from collapse.

RBS’s controversial Global Restructuring Group (GRG) has long been accused of deliberately wrecking firms it was supposed to rescue and seizing their assets.

The note – released by the bailed-out Natwest owner after pressure from MPs – shows the extent to which some staff were prepared to go.

Jan 19 09:56

Revealed: Santander boss ran the toxic RBS arm that sunk small firms and seized their assets, MPs claim

The boss of Santander was at the heart of a scandal over a ruthless unit accused of wrecking small businesses, Parliament heard yesterday.

Nathan Bostock oversaw a Royal Bank of Scotland division which campaigners claim deliberately destroyed firms and seized their assets, MPs revealed.

Jan 19 09:54

RBS carried out "largest theft anywhere, ever" by its actions over struggling firms, MP's hear

ROYAL Bank of Scotland’s treatment of small businesses may be the “largest theft anywhere” as it carved up firms like a “Sunday roast” because they wanted to move or make a complaint, MP’s have heard.

The lender’s controversial global restructuring group (GRG) was “more like an abattoir” where firms were taken apart as part of an “intended and co-ordinated strategy” to raise funds.

The GRG was set up as the bank’s turnaround unit for struggling businesses but was disbanded in 2014 amid allegations of grievous customer mistreatment.

Jan 19 09:40

China in talks for sale of jet engine technology to Germany

China is in talks to sell Germany state-of-the-art machinery and technology critical in the manufacture of high-performance jet engines, a senior government scientist has revealed.The machinery produced turbine blades capable of withstanding temperatures several hundred degrees Celsius higher than the melting point of metallic alloys, the scientist said. The scientist, who is involved in the negotiations, asked not to be named because of the sensitivity of the matter.

Jan 19 07:05

Wealthy exodus to escape new tax rules worries California Democrats

The Republican-backed federal tax bill flipped the tables on a never-ending question for California politicians: Will high taxes lead the state’s wealthiest residents to flee the Golden State for the comparable tax havens of Florida, Nevada and Texas?

Republicans reliably raise that alarm when Democrats advocate for tax increases, like the 2012 and 2016 ballot initiatives that levied a new income tax on very high-earning residents.

But now, with the federal tax bill cutting off deductions that benefited well-off Californians, the state’s Democrats suddenly are singing the GOP song about a potential millionaire exodus.

“People with higher incomes pay a lot more money, and some of them may be tempted to leave,” Gov. Jerry Brown said when he unveiled his 2018-19 budget proposal last week. “This was an assault by the Republicans in Congress against California.”

Webmaster's Commentary: 

Governor Brown, that last statement was pure bull-biscuits, sir, and you know it!!

In this country, every individual has the right to "vote with their feet", as a lot of well-to-do Californians have already done. When a state's tax burden becomes too high (as California's already is), and there is really nothing to show for the money spent, like a consistently dysfunctional educational system; health care which cannot deliver; a massive gap between wages and corporate profits; and the voluntary saddling of the state's infrastructure with illegal immigrants whose presence has bled the State of California dry, through entitlements, etc., you have.... a non-functional, failed US State.

And Governor Brown, this is precisely where California stands right now. In fact, if you have chosen NOT to read it, I highly commend the following article in the LA Times: Why is liberal California the poverty capital of America?

The hard and true reality is this; for quite some time, legislation made on the State level, has brought California to its knees, in terms of stopping it from being the kind of growth engine one wants to see, and should see, here.

And California, its citizens and businesses, are paying the price for many amazingly lousy legislative decisions made by people who do not have a clue how business works, and how they profit, because they have always had various jobs with the State before they run for public office.

So to those tax/infrastructure/fed up better-to-do Californians who are really ready to vote with their feet, let me encourage you to do so; the State of California has brought this upon itself, and if it cannot fix it, you have every right to leave for states with better, more sensible tax structures than does California.

Jan 19 06:39

OLIVER STONE'S "UKRAINE ON FIRE" DOCUMENTARY RELEASED IN THE WEST

Investigative journalist Robert Parry reveals how US-funded political NGOs and media companies have emerged since the 1980s, replacing the CIA in promoting America’s geopolitical agenda abroad.

As Russia-Insider details, Ukraine on Fire provides a historical perspective for the deep divisions in the region which led to the 2004 Orange Revolution, the 2014 uprisings, and the violent overthrow of democratically-elected Yanukovych. Covered by Western media as a 'popular revolution', it was in fact a coup d'état scripted and staged by ultra-nationalist groups and the US State Department.

Executive producer Oliver Stone gained unprecedented access to the inside story through his on-camera interviews with former President Viktor Yanukovych and Minister of Internal Affairs Vitaliy Zakharchenko, who explain how the US Ambassador and factions in Washington actively plotted for regime change.

Webmaster's Commentary: 

"Free world", MY ASTROLABE!!

Jan 18 20:08

‘It might get ugly:’ Bay Area cities brace for ICE sweeps

Swarming federal agents who are conducting raids and arrests will lead to people getting killed.This part of Cali's reaction appears to be a Seditious Conspiracy which may snowball into an Insurrection.

Fear is growing in immigrant communities that U.S. Immigration and Customs Enforcement is getting ready to launch massive raids across California — a threat that activists and politicians say is retaliation against the Golden State’s bold “sanctuary” policies.

ICE director Thomas Homan recently told Fox News that the agency will significantly increase enforcement across the state and warned California to “hold on tight.” And a report by the San Francisco Chronicle this week said ICE is planning raids targeting Northern California cities, with the goal of arresting more than 1,500 immigrants.

Jan 18 16:38

Senate Democrats gather votes to block spending bill; White House slams Congress over possible shutdown

Senate Democrats signaled Thursday that they have enough votes to block a short-term spending bill to keep the government open, as the White House expressed frustration with the Republican-led Congress for “being unable to do its job.”

At least nine members of the Senate Democratic Caucus who supported the last short-term spending bill in December said they will oppose the latest patch, according to multiple congressional aides.

They are Maggie Hassan (N.H.), Martin Heinrich (N.M.), Tim Kaine (Va.), Angus King (I-Maine), Patrick J. Leahy (Vt.), Jeanne Shaheen (N.H.), Jon Tester (Mont.), Tom Udall (N.M.) and Mark R. Warner (Va.).

Jan 18 16:10

FedEx Chairman On Trump’s Tax Bill | ‘Very, Very Good Policy’

Nice little hit with Bob Smith (FedEx CEO) and Stuart Varney...

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Jan 18 16:02

Are 250 Recently Closed Sam’s Clubs Buildings Being Converted Into FEMA Type Detention Facilities?

Something very big is getting ready to happen against the deep state. It is going to be ugly with civil unrest if mass arrest start. So these closings of Sam’s Clubs could be the reason for setting up prisoner processing facilities in the case of riots and an insurrection knowing if Hillary is arrested. You can count on George Soros to start wreaking havoc in the major US cities.

Jan 18 15:09

Head Skunk

The name of the super-secret project was Suntan. It was to be the ultimate reconnaissance airplane, flying so high and so fast—it was to cruise above 100,000 feet at Mach 2—that detection would be unlikely and interception impossible. But it also would have been a giant winged thermos bottle, with a fuel tank full of liquid hydrogen at –400 degrees Fahrenheit and its outer skin baking at 350 degrees or more. A proposed hydrogen liquefaction plant dedicated to producing fuel for several of the airplanes would have sucked up 10 percent of the natural gas supply of Los Angeles in two years. Flying the highly unstable and explosive liquid to the airplanes’ bases would have required a fleet of heavy transports. An accident with one of the transports would have made the Hindenburg disaster look like a campfire.

Jan 18 12:59

Journalist Ben Swann Is Returning Thanks To DASH Cryptocurrency

Journalist Ben Swann Is Returning Thanks To DASH Cryptocurrency

By Derrick Broze

After nearly a year of silence on social media, journalist Ben Swann is preparing to make his triumphant return using the popular DASH cryptocurrency.

On February 1, 2017, award-winning journalist Ben Swann “went dark” as his social media accounts on YouTube, Facebook, Twitter, and elsewhere were suddenly deactivated. Swann is a well-known local journalist at CBS46 in Atlanta, as well as a viral Internet sensation for his Reality Check investigative reports. Swann’s Reality Check reports began to garner attention around the 2012 U.S. election and have continued to gain millions of views while questioning the mainstream narrative...

Jan 18 12:04

Recovery? Vintage Car Prices Crash More Than 2008/9

According to the Hagerty Market Index, prices of vintage automobiles that sold at private sales and at auctions fell 3% from a month ago, are down 7% for the year, and are down 17% from the all-time high in August 2015. This 17% drop from the peak is worse than the 16% drop from peak-to-bottom during the Financial Crisis.

Jan 18 11:30

California's Homeless Problem Revealed In One "Incredible" Video

Despite the record stock market and unemployment at 4.1% (despite a December jobs miss), the socialist utopia known as California is home to an ever-sprawling tent city which estimated to contain over 1,000 residents.

Jan 18 09:57

U.S. Warns Investors to Avoid Venezuela's 'Petro' Cryptocurrency

The U.S. Treasury Department is concerned about Venezuela’s new “petro” cryptocurrency and is warning investors to steer clear or face unspecified consequences.

The U.S. Treasury said Tuesday that Venezuela’s petro could put U.S. citizens at “legal risk” because investing in the cryptocurrency potentially conflicts with U.S. sanctions against the South American country, according to a Reuters report.

“Available information indicates that, once issued, the petro digital currency would appear to be an extension of credit to the Venezuelan government,” the Treasury department said in a statement.

Venezuelan President Nicolas Maduro said in December that Venezuela would create its own Bitcoin-like cryptocurrency to “defeat the financial blockade and move toward new forms of international financing for the economic and social development of the country.”

Webmaster's Commentary: 

The reasonable question is, how is the US goverment going to enforce its sanctions on the "petro", if purchasers of this currency only known to the Venezuelan government?!?

Jan 18 09:42

Trump Fires Trade War Shots: "If There Is A Trade War With China, There Is"

With Reuters having published the part of its exclusive Trump interview in which the president discusses North Korea and Russia, and in which he said that it is "very possible" the crisis with North Korea can't be resolved in a peaceful way, moments ago Reuters published highlights from the remainder of Trump's interview, which discloses more from Trump's trade agenda.

Jan 18 09:42

US Banks Lose Over $1 Billion On Steinhoff Collapse

It's not just the ECB that was humiliated for holding Steinhoff bonds: so were all major US banks.

As we have documented this earnings season, one after another major US bank, from JPM, to Citi, to Bank of America and Goldman reported that they have suffered direct losses in the hundreds of millions on their exposure to the scandal-plagued company.

According to a Bloomberg summary, the 4 of the biggest US banks have revealed more than $1 billion in mark-to-market losses and charge-offs on margin loans and other debt tied to the embattled South African retailer in their Q4 results. Citigroup was at the top, with $370 million in losses, followed by Bank of America Corp.’s $292 million, JPMorgan with $273 million and Goldman with $130 million.

Jan 18 09:06

15 YEARS AFTER THE INVASION OF IRAQ, AND NOW LARGELY OUT OF THE GLARE OF THE MEDIA, US AND UK OIL CORPORATIONS START TO FLAUNT THE SPOILS OF IMPERIAL CONQUEST.

After 15 years of repudiating claims that the invasion of Iraq was only initiated to seize Iraqi resources, large oil corporations fronted by former architects of the war who vacated to the private sector are flagrantly advertising their contracts for exploration and production of Iraqi oil fields to potential investors.

The British oil and gas company BP won the contract to operate the Rumaila Oil Field back in 2009, and now proudly boast of its new drilling capabilities on Twitter. Rumaila is simply huge; by some measures it is the third largest reserve of crude oil on the planet, and is currently extracting 100 million dollars worth of oil every day – enough to cover the annual health budget of Iraq under the wartime rule of the US coalition every five days.

Webmaster's Commentary: 

So now, it can be honestly shouted from the rooftops; one of the biggest winners in the war against Iraq is... BRITISH PETROLEUM!!

Funny; I don't remember the Butchers of Baghdad (that unholy triumverate of Bush, Cheney, and Rumsfeld) saying anything about the ultimate winners of the Iraq war being the large petroleum companies who would profit by a takeover of the Iraqi oil fields, or how the US would benefit from that oil only being sold in US dollars.

To the young men and women who enlisted shortly after 9/11, and thought that a war against Iraq would be the perfect revenge; you were decieved with every piece of nationalistic codswallop the US government threw at you, and you swallowed all of them whole.

This war was not about honor, courage, or preserving and defending "the American way of life", whatever that is supposed to be; it was about the money to be made from Iraq's oil reserves, and the reality that the oil would only be sold in US dollars.

Of course, the US warmongering politicians, who benefit greatly from their relationships with America's military/industrial complex, attending memorials for one of our fallen, can never tell the truth as to why this war was initiated in the first place; so they simply reguritate the lies which stand as "cover" for the ugly truth that all wars, including the Iraq war, are truly economic in their origin.

At this moment in time, we stand on a precipice of yet another world war, most likely to be initiated by the American Deep State.

To those young people of draft age, if in fact you have dual citizenship in a country not on the US's invasion route (somewhere maybe like Switzerland, Australia, or Monaco) perhaps heading to those places, and hunkering down there, might not be a bad idea at the moment. And I say that because were I a betting person, I would not bet against the draft being reinstituted in this country, and relatively quickly.

The US government understands that the economy in this country is about to crash, so it desperately needs a war, regional or world-wide, to deflect American attention from the real economic mess into which it has placed all but the most elite, and most monied.

The potential scenarios for conflict are everywhere, and I will mention the most obvious here.

1. The US military is establishing a 30,000 troop strong "buffer zone" for the Kurds in Syria. The Syrian and Russian government are screaming at the US to stand down... or else. And this gets complicated because Turkey's Edrogan has threatened, and appears to be readying, an invasion Syria, to prevent that from happening. So you have NATO allies, potentially the US and Turkey, at each other's throats, militarily.

The longer the US stays inside Syria, the more likely a hot conflict with Russia over this illegal invasion of Syria by the US military.

2. North Korea/China. Even though North and South Korea appear to be making splendid progress in recent negotiations toward peace, expect the US to scupper what it can, in terms of creating a war between North Korea, China, and the US. Statements as recently as yesterday, indicate that the US government is terrified of peace breaking out here, with President Trump making the observation that it is possible that these negotiations will not lead to a denuclearization of the North Korean Penninsula, and Tillerson's observation that the US will not honor the "freeze for freeze" concept, presented by Russia and China.

3. Russia/Iran. I have already mentioned the possibility of war over Syria between Russia and the United States, but there are many other potential flashpoints, Ukraine being a very likely scenario. But should the US/Saudi Arabia/Israel attack Tehran, in order to bring regime change there, it should reasonably expect Russia to defend Iran militarily. And we have seen, in Syria, that Russia does have military hardware which works spectacularly well, and countries around the world have been making a beeline to Moscow to acquire these weapons.

4. China/India: there are still massive geopolitical problems here, and both countries are nuclear armed. In a conflict between China and India, the US government has thrown its hat in the ring with India, with an enhanced "security agreement" put into effect by the Obama administration.

5. India/Pakistan: Again, both countries are nuclear armed, and have been threatening each other with nuclear war. Recently, the US government withdrew financial aid to Pakistan. And, as mentioned in an earlier post today, India just tested a nuclear-capable missile, the "jewel in the crown", if you will, of their ICBMs.

So please remember, when the propaganda starts getting spread hard and thick by the presstitutes, as a "justification" for war, any war, please remember; wars are about the rich (and the bankers) getting richer, and the "grunts" being completely expendable, through death or massive injury, after having done what they were tasked to do. All wars are mass murders toward those ends, period, end of discussion, wrapped in a pretty, cheap little flag.

And "patriotism" is the pathological disability to see beyond the propaganda, and to deconstruct the real agendas of war, which are always engineered to bring more money and profits for the already monied and profitable.

Jan 18 08:33

Bay Area police unlikely to help ICE on immigration sweeps

Interfere or not Police Chief, you are now subject to this Federal Law.

https://www.law.cornell.edu/uscode/text/8/1324

Officials from several Bay Area law enforcement agencies said Wednesday that federal officials haven’t looped them in on any plans for major sweeps for undocumented immigrants, and added that they didn’t plan to help with any such operations.

The Oakland City Council took it a step further, passing a resolution prohibiting police from providing so much as traffic control for federal immigration-enforcement actions.

Jan 18 08:33

Alibaba Group refutes information about plans to mine cryptocurrencies

Alibaba Group does not intend to issue a cryptocurrency and its P2P Nodes platform was launched for other purposes, the company’s press service told TASS on Wednesday. "Alibaba does not plan to issue a cryptocurrency. Furthermore, cryptocurrencies mining is strictly forbidden on our cloud servers," a press service representative said. P2P Nodes is a Content Delivery Network he added. China’s mass media reported earlier that the company launched the P2P Nodes to mine cryptocurrency.

Jan 18 08:30

Feds planning massive Northern California immigration sweep to strike against sanctuary laws

And DHS is talking about charging Cali officials under this law.

8 U.S. Code § 1324 - Bringing in and harboring certain aliens

https://www.law.cornell.edu/uscode/text/8/1324

U.S. immigration officials have begun preparing for a major sweep in San Francisco and other Northern California cities in which federal officers would look to arrest more than 1,500 undocumented people while sending a message that immigration policy will be enforced in the sanctuary state, according to a source familiar with the operation.

Jan 18 08:18

One of the co-founders of bitcoin.com has sold all of his bitcoin, says it's 'as good as useless'

Bitcoin is "as good as useless" and has no future as a tradeable currency says Emil Oldenburg, the co-founder and CTO of bitcoin.com , one of the world's largest bitcoin industry websites.

Oldenburg sold all of his bitcoins and believes others will do the same when they realize how illiquid the market is.

Bitcoin's main drawbacks are high fees and transaction costs, and the resistance to change from people running the old bitcoin network.

Jan 18 08:01

Bitcoin goes straight to the bottom

In the last 24 hours, the rate of the bitcoin has dropped by 25 percent to $10,500 for the first time since December 1, 2017. According to Coinmarketcap, the crypto currency is trading at $10,900. Prior to that, it was reported that the crypto currency fell by 17.49%. The current decline of the bitcoin became possible after it was reported that the South Korean government considered an opportunity to bar crypto-currencies from special exchanges. It is believed that it was the news about the tightening of market control of the crypto-currency in China and South Korea that could trigger a sharp collapse of the bitcoin rate. At the same time, another cryptocurrency, the Ethereum, dropped by 20.7%, the Ripple "lost weight" by 30.1%, and Bitcoin Cash fork - by 23.83%. The overall market capitalization has also declined. It was said that the Chinese authorities expect to block online platforms and applications that offer the use of crypto currency as a method of payment.

Jan 18 07:53

Bitconnect Abruptly Shuts Down, Crypto Currency Collapses; BCC Holders On Suicide Watch

Crypto currency Bitconnect (BCC) plunged from $321 to a tad over $35 today, a drop of more than 86% after regulators from state authorities issued cease and desist letters for unauthorized sale of securities. That's right. Just because your shit is on the blockchain, that doesn't mean you get to solicit your fucking Ponzi scheme to people in America. State regulators will have something to say about that.

Jan 18 07:48

Trump And Congress Must Reform America’s Wasteful, Failed Welfare System

As Congress and the Trump administration turn their attention toward entitlement reform, they should focus on innovation and incentives. The last time there was meaningful reform was in 1996 when Congress passed the bipartisan Personal Responsibility and Work Opportunity Reconciliation Act (PWORA). But nearly 21 years later, the national poverty rate is about the same, yet spending on these programs has surpassed a trillion dollars. It is time to take a fresh look at what we have learned to determine the best path forward.

Jan 18 07:34

Digital Gold Flight To Physical Gold Coins and Bars

30% to 50% price drops in a matter of days and the loss of $300 billion in value is quite a knock for a market that was not meant to be in a speculative bubble.

In just 36 hours the cryptocurrency market has managed to make a fair few people feel very nervous as they watched crypto currency prices fall very sharply.

Webmaster's Commentary: 

Jan 18 07:19

Apple to Repatriate Billions From Overseas After Tax Bill, Contribute $350B to U.S. Economy Over 5 Yrs

During the 2016 election, President Obama mocked the idea that Donald Trump had a "magic wand" which could bring jobs back to America.

It turns out Trump was right, though his "magic wand" is just common sense, pro-America, pro-growth economic policies.

"Apple said it expects to pay about $38 billion in taxes for the horde of cash it plans to bring back to the United States. This implies it will repatriate virtually all of its $250 billion in overseas cash," CNBC reports.

Jan 16 15:31

Mastercard bans cryptocurrency processing

I was trying to buy some Ethereum during that beautiful dip we had today and my payment method was declined. After 20 minutes on the phone, I was informed in the last 48 hour (with no notice to customers), Mastercard has stopped processing any transactions involving cryptocurrencies.

How is anyone else with this issue dealing? One of my banks offers a combination debit/credit, but it's also a Mastercard.

Webmaster's Commentary: 

I am on MasterCard's side on this one. You should NEVER go into debt for investment money, especially with a highly volatile investment such as cryptocurrrencies.

Jan 16 13:28

Trump Warns Xi That "Disappointing" Surge In China Trade Deficit Is "Not Sustainable"

While President Trump "expressed hope" that the resumed inter-Korean dialogue may prompt a change in North Korea’s destructive behavior, perhaps more notable was the fact that President Trump used the call "express disappointment that the United States’ trade deficit with China has continued to grow" and made clear that "the situation is not sustainable."

Jan 16 13:12

Russia Begins Massive ICBM Launch Drills

On Monday, the Ministry of Defense of the Russian Federation issued a warning to NATO that is has started a massive missile drill involving truck-mounted intercontinental ballistic missile launchers across the country.

The Defense Ministry said the drills would involve “missile regiments armed with Topol-M and Yars mobile systems.” The Topol-M is designed to launch an intercontinental ballistic missile (ICBM) tipped with a single 550 kT yield nuclear warhead. Max range of the ICBM is 6,500 miles, which the mobile launching unit is extremely tough for NATO to track.

Webmaster's Commentary: 

With all the potential for conflict with NATO, and/or the US goverment, raging from Eastern Europe to the 'Stans, North Korea and Syria, the timing of these drills is an warning here in and of itself.

Jan 16 13:05

New California Declares Independence From Rest Of State

With the reading of their own version of a Declaration of Independence, founders of the state of New California took the first steps to what they hope will eventually lead to statehood.

To be clear, they don’t want to leave the United States, just California.

“Well, it’s been ungovernable for a long time. High taxes, education, you name it, and we’re rated around 48th or 50th from a business climate and standpoint in California,” said founder Robert Paul Preston.

The state of New California would incorporate most of the state’s rural counties, leaving the urban coastal counties to the current state of California.

Webmaster's Commentary: 

Uh... did Jerry Brown happen to get the memo on this?!?

Because if he did, my bet will be... no matter how lawfully this group may go about it, he will wrestle this group back into the existing state, and by any means necessary.

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