ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Nov 19 12:11

How to conjure results better than expected?

Nov 19 08:57

Venezuela Caps Daily Bank Withdrawals at US$5 to Avoid Bankruptcy

Venezuela has put a cap on daily bank withdrawals at VEF $10,000, or US $5.26.

The Superintendency of Banking Sector Institutions (Sudeban) ordered public and private banks to refrain from paying out more than US $ 5.26 per day in cash from offices or ATMs.

Users have reportedly expressed frustration at trying to withdrawal money since November 15 with checks or through cashiers.

According to a statement released by Sudeban, users can make a maximum of four transactions per day to withdraw up to US $5.

The decision was made as Venezuela suffers from rampant inflation exceeding 750 percent, which has forced many citizens to handle more cash for their purchases.

Webmaster's Commentary: 

This will not end well; one way or the other, the Maduro government is on life support, with few options with which to redeem itself, financially.

Nov 19 07:55

Two More States Legalize Hemp, Setting Foundation to Nullify Federal Prohibition in Practice

By Mike Maharrey

Lost in the shuffle on Election Day, voters in two states legalized industrial hemp, setting the foundation to further nullify federal prohibition in practice.

Provisions authorizing the cultivation of industrial hemp were included in the voter initiatives legalizing marijuana in California and Massachusetts...

Nov 18 15:08

Streets Fit For Heroes? RT Meets The Charities Helping Britain’s Homeless Veterans (VIDEO)

RT takes a closer look at the soup kitchens supporting homeless military veterans forced to sleep rough on the streets of Britain.

Brixton Soup Kitchen founder Solomon Smith told RT’s Richard Sudan he doesn’t understand how men and women who served in the armed forces can be left to sleep on the street.

Nov 18 15:05

Steve Bannon Interviewed: “It’s About Americans Not Getting F—ed Over”

“I’m not a white nationalist, I’m a nationalist. I’m an economic nationalist. The globalists gutted the American working class and created a middle class in Asia. The issue now is about Americans looking to not get f—ed over.”

Nov 18 13:20

Steve Bannon Interviewed: "It's About Americans Not Getting F—ed Over"

He absolutely — mockingly — rejects the idea that this is a racial line. “I’m not a white nationalist, I’m a nationalist. I’m an economic nationalist,” he tells me. “The globalists gutted the American working class and created a middle class in Asia. The issue now is about Americans looking to not get f—ed over. If we deliver—” by "we" he means the Trump White House "—we’ll get 60 percent of the white vote, and 40 percent of the black and Hispanic vote and we’ll govern for 50 years. That’s what the Democrats missed, they were talking to these people with companies with a $9 billion market cap employing nine people. It’s not reality. They lost sight of what the world is about.”

Nov 18 13:02

Japan's PM Abe meets Trump, says confident can build trust

Japan's Prime Minister Shinzo Abe described Donald Trump as a "trustworthy leader" after meeting the U.S. president-elect on Thursday to get clarity on statements Trump had made while campaigning that had caused concern about the alliance.

Abe, speaking after the hastily arranged 90-minute meeting at Trump Tower in Manhattan, reporters: "The talks made me feel sure that we can build a relationship of trust." But he would not disclose specifics because the conversation was unofficial.

Nov 18 12:35

Going Cashless: What’s Good for Banks May Not Be Best for You

Privacy concerns over banks’ or retailers’ ability to obtain purchase or personal information is one of the main reasons that consumers are resistant to going cashless, Hill notes. “Many people … do not want to have every move documented,” she says. Ron Shevlin, a senior analyst the Boston-based Aite Group, adds that demographics are another reason cash will remain viable over the long term. “A good number of senior citizens are not giving up cash, and a huge portion of baby boomers are not giving it up either.”

Nov 18 10:43

The Great Con: Political Correctness Has Marginalized The Working Class

So when the protected class of well-paid institutional "progressives" speak darkly of "reversing 40 years of social progress," what they're really saying is we're terrified that the bottom 95% might be waking up to our Great Con of identity politics and political correctness.

Nov 18 09:15

U.S. Navy Buys $800K Per-Round Projectiles For Its $4 Billion Warship

By Nicholas West

Back in May I reported on the latest boondoggle in development by the military-industrial complex: the USS Zumwalt. It is staggering even by the standards of a perpetually over-funded apparatus that evidently views the taxpayer with utter contempt.

The Navy’s USS Zumwalt is the lead player in a projected fleet of thirty-two, 610-foot warships that is the “largest and most technologically sophisticated destroyer” ever produced. At least that is prevailing tagline...

Nov 18 09:08

Euro bank boss Mario Draghi scrambles to calm nerves as euro SLIDES against dollar

His speech comes after the worst two-week run for the Euro against the Dollar since March 2015.

On Wednesday, the pair hit a near-year-low of 1.0670, but today that the euro to the US dollar was down again at 1.061.

Financial experts have claimed the exchange rate will slip below parity in 2017.

Nov 18 09:02

NY Times Attacks Trump's Twitter Account As Fake News While Lying About Ivanka

The NY Times openly lies about Donald Trump and Ivanka on Twitter while labeling his Twitter account as a media outlet being used to spread fake news.

Last night Donald Trump announced that Ford has reversed their decision to move Lincoln factories to Mexico but instead will work with the Trump administration to keep the factories and the jobs inside the United States.

Of course, this has sparked outrage in the liberal elitist media who immediately went to work claim Donal Trump is lying about the announcement even though it has been confirmed by Bloomberg and other news outlets.

In smearing the announcement, the NY Times attacked Donald Trump's Twitter account as being used as media outlet to spread this fake news.

The NY Times then went onto to spread lies about Ivanka being in charge of Trump's blind trust.

This was done to smear Trump by fabricating a conflict of interest because Trump's daughter attended yesterday's meeting with Japan's Prime Minister Shinzo Abe.

Nov 18 08:43

Russia Becoming New Center of Gravity for Eastern Europe Against All Odds

The EU's influence over its eastern periphery is rapidly waning. Up until recently the EU used to be a center of gravity for many Eastern European countries, now this center is shifting to Russia, German journalist Frank Nienhuysen notes.

Nov 18 08:41

Why Wall Street should be worried about Steve Bannon

On Tuesday, BuzzFeed News released a transcript of remarks Bannon delivered to the Christian conservative Human Dignity Institute in 2014. In a lengthy discourse on the causes and aftereffects of the 2008 financial crisis Bannon, himself a former managing partner at Goldman Sachs, blamed the financial crisis and subsequent recession on the “greed” of his fellow bankers and expressed anger at the fact that no bank executives faced criminal prosecution.

Nov 18 08:20

Economic realities that Donald Trump will inherit

After Trump won last week’s election, Republicans and Republican-leaning independents now have a much more optimistic view of the U.S. economy’s outlook than they did before the election. Just 16% of Republicans said the economy was getting better in the week before the election, while 81% said it was getting worse. Since the election, 49% say it is getting better and 44% worse.

Nov 18 08:07

Michael Hudson On The Orwellian Turn In Contemporary Economics

Economist Michael Hudson sits down with Sharmini Peries to talk about the elections.

Nov 18 00:19

Obama Should Pardon ‘Dreamer’ Immigrants, Democrats Say

Laura Litvan

November 17, 2016 — 11:25 AM PST Updated on November 17, 2016 — 2:43 PM PST
A group of House Democrats called on President Barack Obama to pardon about 750,000 young undocumented immigrants who are temporarily shielded from deportation under a 2012 executive order, a move that reflects growing concern about a shift in immigration policy expected after President-elect Donald Trump takes power in January.

Nov 17 21:34

Jeff Sessions U.S. Attorney General? Trump comments stir speculation

This is really bad. This guy will start the War On Pot back up full bore unless Donald Trump reins him in.
https://www.theweedblog.com/senator-jeff-sessions-good-people-dont-smo...

President-elect Donald Trump hasn't yet announced the members of his cabinet but a brief statement issued Thursday could be an indication Alabama Sen. Jeff Sessions is headed to the Justice Department.

Sessions, the first Senator to endorse the business-mogul-turned-politician, met with Trump at his New York office yesterday.
The Trump transition team – lead by Vice President-elect Mike Pence and with Sessions as a vice-chair – issued a statement about the meeting:

Nov 17 18:37

Presidential Elections:  Myths and Deceits

Trump will not confront Wall Street, the multi-nationals, the military industrial complex or the pro-Israel billionaires and lobbies.  US workers will find very few new well- paying jobs except in select infrastructure projects.  The industrial rust belt will continue to rust.  The tens of thousands of public sector workers and professional slashed by Trump’s pledge to cut government will not find decent jobs in the private sector.

Nov 17 17:01

Indian Economy Grinds To A Halt After Cash-Ban: "Faith In System Shaken"

"The system works because everybody believes that those pieces of paper will be accepted by everybody else... This move has shaken that trust."

Nov 17 16:18

#Maltesergate: First Toblerones shrink, now packs of Maltesers are lighter

According to the image, the amount of chocolate in the pack has gone down from 126g to 112g.

A major supermarket chain confirmed the packet reduction was correct and said the size was shrunk in May this year, before the EU referendum.

The company which owns Toblerone recently came under fire after their new design, which means consumers get less chocolate per pack.

Mondelez International has increased the gap between the peaks as a UK-only cost-saving measure to reduce the weight of its bars.

Nov 17 15:29

ALL WARS ARE BANKERS' WARS!

"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of a pen they will create enough deposits to buy it back again. However, take it away from them, and all the fortunes like mine will disappear, and they ought to disappear, for this world would be a happier and better world to live in. But if you wish to remain slaves of the Bankers and pay for the cost of your own slavery, let them continue to create deposits." -- Sir Josiah Stamp, President of the Bank of England in the 1920s, the second richest man in Britain

Webmaster's Commentary: 

Posted by reader request.

Nov 17 14:35

DryShip Plummets 67% After Reopening; JPM Warns Dry Bulk Sector Has "Gone Bananas"

After being halted yesterday for "news pending" when near-insolvent drybulk carrier DryShips soared nearly 2,000% in a few days on no news, among a broad rally in the dry bulk shipping sector and a vicious short squeeze, earlier today, the company announced it would waste no time to monetize the surge in its market cap, and reported that it had started the direct offering of 20,000 in convertible preferred shares. DRYS, whose market cap was halted at just over $80 million, announced that it may receive up to $80m additional proceeds if all preferred warrants are exercised, with the proceeds used for general purposes and/or to repay debt.

Nov 17 12:53

Ignoring Torture Among The Poor

Torture has been one of the dominant international human rights issues of the last fifteen years. Yet, the vast majority of incidents of torture have remained undocumented. This is perhaps inevitable, as torture is very hard to document. States invest considerable resources into hiding torture from view and denying that it takes place at all.

Nov 17 12:43

Citibank stops accepting cash at multiple branches

At the time of the interview, 2015, Salerno said the war on cash has already begun in the U.S. and pointed to Citibank’s new policy which disallows patrons to use cash to pay their mortgages and credit cards with cash. He also pointed to Louisiana’s new law forcing ...

Nov 17 11:56

Too Early for “Inflation Bets”?

Nov 17 11:34

New Study Claims American Millennials Are The Most Useless Population In The World

A new study seeking to measure the overall competency of age groups throughout the globe has found that American Millennials are without a doubt the least skilled population in the world.

Webmaster's Commentary: 

"But, but, but ... I have a degree in Indigenous Women's Interpretive Dance ... and I supported Hillary! I have participation trophies! I am exceptional, do you hear; EXCEPTIONAL!!!!!!!" -- Buttercups

Nov 17 10:42

Scenes Of Panic In India As Gold Price Skyrockets After Currency Ban

Here is a link to Part 1, about what happened in the first two days after India’s government made Rs 500 (~$7.50) and Rs 1,000 (~$15) banknotes illegal. They can now only be converted to Rs 100 (~$1.50) or lower denomination notes, at bank branches or post offices. Banks were closed the first day after the decision. What follows is the crux of what has happened over the subsequent four days.

Today India is on the verge of a major social-political crisis, unless either the government backs off from the decision of banning the currency or some real magic happens. There is chaos in the streets and daily life is slowly but surely coming to a full halt.

What Modi did was not only heavy-handed, hugely arrogant, and of no value, it has been very badly implemented to boot — as everything in India always is — and carries the real potential of escalating and snowballing into something horrific. They could have seen that this was not going to end well by simply using primary school math.

Nov 17 10:34

Saudis, China Dump Treasuries; Foreign Central Banks Liquidate A Record $375 Billion In US Paper

It is official: Trump or no Trump, foreign central banks, SWFs and virtually every other official institution in possession of US paper, and as of this month, private investors too, are liquidating their Treasury holdings at a record pace.

Nov 17 10:33

War On Cash Intensifies: Citibank To Stop Accepting Cash At Some Branches

Less than a week after India’s surprise move to scrap its highest denomination cash notes, another front in the War on Cash has intensified down under in Australia...

Nov 17 10:17

TRUMP HAS HUGE OPPORTUNITY TO KILL NAFTA

Nov 17 09:57

Shipping stocks are SOARING

Nov 17 09:33

Why Donald Trump must shut down The Federal Reserve and start issuing debt-free money

If Donald Trump truly wants to fix the economy, he must shut down the Federal Reserve. If he just tries to patch up our current system, he will fail, because it has been fundamentally flawed from the very beginning.

Nov 17 09:05

Democratic Leadership ADMITS that Clinton Lost the Election Because of Voters’ Economic Worries

We’ve repeatedly said that Trump mainly won the election because voters thought that the status quo would hurt them economically.

Today, the Los Angeles Times reports that the Democratic leadership itself admits that the economy is the issue that sunk Clinton:

Nov 17 08:45

Universal Economics


Universal Economics (UnEc) is a non-money alternative economics system which combines the efficiency of a market economy with a strong philosophy of social responsibility. It was first visualized in 1947 by philosopher Addison Brown, in a rudimentary form, as "Prior Choice Economics." But the technology for implementation did not exist at that time. Now it does.

Nov 17 07:39

EU says Italy is at risk of breaking budget rules

The European Commission said on Wednesday that draft budgets from Italy and seven other eurozone countries risk breaking EU rules, setting up a row with Prime Minister Matteo Renzi ahead of a crucial referendum.

Webmaster's Commentary: 

"The EU rules are 'work your people to death and give us all the money!' You are failing to comply!" -- Junker

Nov 17 05:38

World Suffers From Trump Shell Shock - Here's What Will Happen Next

...

As I have documented for years, the elites openly call for the ultimate eradication of national sovereignty and the formation of a single world economy, a single world currency and, eventually, a single world government. In order to make this omelet, they intend to break a few eggs (and collapse a few economies). By blaming "national sovereignty" (and the people that defend it) for this crisis, they hope to convince the masses that the only practical solution is total centralization. You can read my in-depth analysis and evidence of this in my article “The Economic End Game Explained.”

Nov 17 02:42

CITI TO STOP ACCEPTING CASH IN BRANCHES

Nov 17 00:53

Can Trump find enough fresh thinkers to do the job?

Trump’s Slim Chance for Greatness. Donald Trump must decide – and decide quickly – whether he wants to be a great U.S. President or a robo-signature machine affixing his name to whatever legislation comes from congressional Republicans and a nodding figurehead acquiescing to more neoconservative foreign policy adventures.

Or, to put it in a vernacular that Trump might use, does he want to be “Paul Ryan’s bitch” on domestic policies? And does he want to surrender his foreign policy to the “wise guys” of Washington’s neocon establishment.

Nov 17 00:50

The Donald Trump Cabinet: He Is Not A Masochist

He may temporarily forgive, but he does not forget. This rule of thumb has served him well in transforming his father’s multimillion dollar but fledgling real estate company into the multi-billion dollar international real estate powerhouse that it currently is.

So what gives in regards to the names of his Cabinet that are being floated around?

Mind you, some of the list below was gleaned from the New York Times, so a huge grain of salt should be taken before one delves into this analysis.

Nov 17 00:18

Lack of progress at Doha talks adds to current instability of global economy — Lavrov

Lack of progress at the Doha round of trade talks within the framework of the World Trade Organization (WTO) is a significant contributing factor to instability of the global economy, Russian Foreign Minister Sergey Lavrov said in the article ‘APEC: The Relationship of Genuine Collectivism and Effective Interdependence’ released by APEC countries’ media on Wednesday...
Lavrov to take part in APEC ministerial session in Lima, meet with Kerry http://tass.com/politics/912942
Russia denies talks with APEC on new trade association without US http://tass.com/economy/912917

Nov 16 15:08

STOCK MARKET CRASH IMMINENT? | Craig Hemke

Nov 16 13:01

Will Headwinds Put A Roof On Copper Rally?

Nov 16 09:28

Student Debt Hits New Record

Nov 16 06:14

Violent clashes between police and anarchist protesters in Athens as Obama begins his final foreign tour before handing over to Trump

Violent clashes broke out in Athens today as left-wing demonstrators protesting against a visit by President Barack Obama tried to break a police cordon and were repelled with tear gas.

No injuries or arrests were reported, but about 3,000 anarchists and students marched through the city center in a demonstration originally planned to reach the U.S. Embassy in another part of town.

A second planned Athens protest by Communist party supporters was due to start later.

Nov 15 23:12

#NoDAPL protest draws hundreds in Portland

PORTLAND, Ore. -- Two local protest rallies, part of the "national day of action" against the North Dakota Pipeline, were held Tuesday afternoon in downtown Portland and the Lloyd District.

The two protests started at 4 p.m. outside the Army Corps of Engineers buildings at 333 Southwest 1st Avenue and 1201 Northeast Lloyd Boulevard.

Nov 15 20:47

India Launches War on Corruption, Hits Cash, Chaos Ensues

“Economic Shock & Awe” turns into “Nightmare Without End”

Nov 15 14:47

Chinese Billionaire Set Sights On Buying Hollywood

Dick Clark Productions isn’t exactly a household name. Most people probably don’t even notice when it scrolls across the screen at the end of the Golden Globes telecast or some other awards show. But a Chinese billionaire just agreed to buy it for about $1 billion—and that’s just the beginning.

Nov 15 13:12

FROM OBAMACARE TO TRUMPCARE: NEOLIBERALISM BREWS A SECOND HELPING OF FAILURE

What we do know is that TrumpCare, like ObamaCare, will be a neoliberal, markets-first solution. So the country will have oscillated from the left side of the Overton Window to the right, and simple, rugged, and proven single payer will still be unmentionable in polite company; it will be interesting to watch liberals squirm to avoid discussing it. Since we can cross selling insurance across state lines off as any kind of solution, I’d be surprised if TrumpCare didn’t end up looking like a crapified version of the already crapified ObamaCare.[3] For pre-existing conditions in particular, the Republican plans from 2015 all crapify the coverage (with, for example “least 12-18 months of continuous coverage” being required). Too bad the Democrat victory in 2008 was such a squandered opportunity.

Nov 15 10:02

Trump, Europe and Russia: 'More EU States Likely to Try to Ease Sanctions'

Following Donald Trump's US election win, much has been said about Washington's approach towards Europe and Russia. While it's unlikely the US will dramatically change its Russia policy, more EU states will try to ease anti-Russia sanctions, an academic on EU-Russia relations has told Sputnik.

Nov 15 00:05

Yandex Browser Download

A Russian browser based on Chromium with Opera extensions put out by the Russian Search Engine Yandex. Works pretty good.

https://en.wikipedia.org/wiki/Yandex_Browser

Nov 14 16:41

86% OF THE CASH IN INDIA VANISHES OVERNIGHT

Nov 14 12:59

Deutsche Bank: The First Domino to Fall?

Nov 14 12:09

60% of students are chasing jobs that may be rendered obsolete by technology, report finds

Many of the jobs that young people are training for could vanish completely in 10 to 15 years

Nov 14 09:49

Obama, Clinton will talk to Democrats on Monday

President Barack Obama and Hillary Clinton are planning calls with Democrats on Monday as the party struggles to come to terms with a devastating election defeat.

Obama will host a Monday afternoon call with the Democratic National Committee, according to a notice obtained by POLITICO. The post-election call comes amid ongoing infighting about what direction the party should take and who should be its next leader with Obama leaving the White House and Clinton's surprising defeat.

Clinton will participate in a separate call with House Minority Leader Nancy Pelosi and House Democrats on Monday.

"Your support throughout this campaign meant everything to Hillary and her entire team, and we are so grateful to you," Clinton's team wrote in an email sent to House Democrats.

Webmaster's Commentary: 

And in these conferences, I would almost be willing to bet that Clinton and Obama will say anything to deflect the blame for their party's failure to re-capture the White House, rather than take any tiny bit of personal responsibility for Clinton's spectacular flameout.

Nov 14 09:41

Chaos Ensues As Europe Splinters In Response To Trump: UK, France, Hungary Snub EU Emergency Meeting

While America's so-called "establishment", the legacy political system and mainstream media, appear to be melting, and transforming before our eyes into something that has yet to be determined, Europe also appears to be disintegrating in response to the Trump presidential victory: as the FT reports, in a stunning development, Britain and France on Sunday night snubbed a contentious EU emergency meeting to align the bloc’s approach to Donald Trump’s election, exposing rifts in Europe over the US vote.

Hailed by diplomats as a chance to “send a signal of what the EU expects” from Mr Trump, the plan fell into disarray after foreign ministers from the bloc’s two main military powers declined to attend the gathering demanded by Berlin and Brussels.

Webmaster's Commentary: 

European leaders need to digest the reality that Trump's election signalled a referendum where globalism (which has economically hurt so many Americans) absolutely got battered and trashed to the point where it will be difficult to resurrect it again any time soon in this country.

With 94 million Americans who want to work, but cannot find jobs, and are not counted by the US Bureau of Labor Statistics as unemployed, if they go beyond 27 weeks of being unemployed.... that's a lot of very ticked off Americans.

These people came out to vote this last election, and if they saw that their vote for Trump "flipped" to Clinton, screamed bloody murder about it.

They were just not going to take their reversals of fortune passively, as the globalists had hoped, but voted for the candidate they thought might offer real change.

We will have to wait and see if Trump Inc can deliver on this; but to be brutally honest, Clinton offered no hope or change for the better; just the same old, same old vacuous promises with no real policy vision behind them, coupled with a criminally arrogant attitude of entitlement.

This is why working women voted, in large numbers, for a Trump presidency.

Nov 14 08:55

YOU’LL ONLY UNDERSTAND TRUMP AND BREXIT IF YOU UNDERSTAND THE FAILURE OF GLOBALIZATION

You can only understand the victory of Donald Trump and Brexit once you understand the failure of globalization …

Trump made rejection of globalization a centerpiece of his campaign. In his July 21st acceptance speech as the Republican nominee, he said:

Americanism, not globalism, will be our credo.
The Boston Globe bannered this headline on Thursday: “Trump won. Globalization lost. Now what?”

On election night, CNN’s Jake Tapper explained that many Americans voted for Trump because they are sick of the income inequality, globalization, and politics-as-usual that the status quo have given us. He pointed out that only a handful of people have gotten rich off of globalization, and a lot of people have been left behind.

Counterpunch wrote Friday:

The real meaning of this upset is that Wall Street’s globalization project has been rejected by the citizens of its homeland.

Webmaster's Commentary: 

That's it, in a nutshell; a referendum between a failed globalism, which has left so many Americans economically in the dust, and American ingenuity and jobs.

Nov 14 08:37

Hemp Can Make America Great Again!

By Neenah Payne

The good news is we’ve found a plant that can save the world. The bad news is…it’s illegal!

Donald Trump has promised to “Make America Great Again”. President-Elect Trump issued his plan for the first 100 days of his administration which includes repeal of Obamacare and the restoration of our economy. However, his plan is missing the most important step that Trump as a businessman can take to jumpstart our economy and provide the best healthcare — quickly and easily...

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