ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Mar 13 10:00

Roughly one third of college students spend their loans on spring break and partying.

There is a massive student loan epidemic in the United States. Over $1.4 trillion in student debt is floating around in our economy lingering like an albatross on the necks of many young students. While the idea of getting a college degree is more popular today than ever, it would seem like going to spring break is also very popular. It is hard to track how students spend their student loans. Obviously most (if not all) goes to pay for college for the vast majority of students. But some use student loans to finance unnecessary items like partying it up on spring break and getting inebriated to celebrate a semester well done. A new LendEDU poll found that roughly one-third of college students used a part of their student loans to finance their spring break. While this is not the bulk of young college going Americans, the number is somewhat startling. Priorities folks!

Mar 13 09:34

Iceland to end capital controls more than 8 years after banking crash

The tourism boom, strong investment by business and in the housing market, helped Iceland’s economy grow 7.2 percent in 2016.

"The removal of the capital controls, which stabilized the currency and economy during the country's unprecedented financial crash, represents the completion of Iceland’s return to international financial markets," said the country’s central bank.

Mar 13 09:20

BREAKING: SCOTLAND TO HAVE NEW INDEPENDENCE VOTE

Although a referendum on Scottish independence was held in 2014 which was narrowly won by the ‘remain in UK’ side. However, with Scottish people voting strongly against Brexit, the issue of independence is very much on the table. In 2014, the word Brexit did not exist and the natural assumption was that Scotland was voting to remain in a UK that would forever be in the EU.

Mar 13 09:05

THE US GOVERNMENT NOW HAS LESS CASH THAN GOOGLE

History is full of events that people thought were impossible. And yet they happened.

Looking back, they always seem so obvious.

Duh. The Dutch were spending 68% of their tax revenue just to service the debt. Of course they were going to default.

But at the time, there was always some prevailing social influence… some wisdom from the “experts” that made otherwise rational people believe in ridiculous fantasies.

Today is no different; we have our own experts who peddle ridiculous (and dangerous) fantasies.

Case in point: this week, yet another debt ceiling debacle will unfold in the Land of the Free.

You may recall the major debt ceiling crisis in 2011; the US federal government almost shut down when the debt ceiling was nearly breached.

Then it happened again in 2013, at which point the government actually DID shut down.

Webmaster's Commentary: 

So now, what, in light of the fact that today is 13 March?!?

Economic prognosticators have been predicting a crash in mid-March, and we are already nearly there.

After March 15th, everything will grind to a halt.

Market crash

80% Stock Market Crash To Strike in 2017, Economist Warns

3 signs a stock market crash will happen in 2017

This, most likely, will be brought about by the following:

Obama/Bohener's debt ceiling holiday scam ends March 15, 2017

Most likely, Congress will raise the debt ceiling yet again, as Treasury Secretary Mnuchin has requested,

Mnuchin calls on Congress to raise the debt limit as deadline approaches

But what will this actually accomplish, if the Federal Government is unable to rein in spending?!?

The short answer is, precious little.

Mar 13 08:43

"Don't Make Me Make The Podium Move" Sean Spicer Blasts Reporters Over Job Growth

"Don't Make Me Make The Podium Move" Sean Spicer Blasts Reporters Over Job Growth

sean spicer press conference president donald trump press secretary delivers press briefing at the white house

original air date: 3/ 10/ 2017

Mar 13 08:24

California Is Exporting Its Poor To Texas

Every year from 2000 through 2015, more people left California than moved in from other states. This migration was not spread evenly across all income groups, a Sacramento Bee review of U.S. Census Bureau data found. The people leaving tend to be relatively poor, and many lack college degrees. Move higher up the income spectrum, and slightly more people are coming than going. About 2.5 million people living close to the official poverty line left California for other states from 2005 through 2015, while 1.7 million people at that income level moved in from other states – for a net loss of 800,000. During the same period, the state experienced a net gain of about 20,000 residents earning at least five times the poverty rate – or $100,000 for a family of three.

“There was really nothing left for me in California,” said Kundurazieff, who also writes a blog about his cats. “The cost of living was high. The rent was high. The job market was debatable.”

Mar 13 08:19

Fedcoin: The U.S. Will Issue E-Currency That You Will Use

The U.S. Federal Reserve will not only issue its own cryptocurrency but will also make sure Americans use it. That’s the prediction of currency guru Doug Casey who has an uncanny record of being correct about economic and political trends. His latest book, Surviving Fedcoin: How to Protect Yourself (and Profit) from America’s Coming Currency Change, is a public bet that the U.S. government will issue its own bitcoin which Casey views as “the last arrow” in its money quiver.

Webmaster's Commentary: 

And like the Federal Reserve Note, the Fedcoin will be LOANED into circulation at interest, to keep the debt-slave scam going!

Mar 13 07:55

Will Mid-March Madness Maul the Stock Market in 2017?

Many of the 2017 economic headwinds I’ve described will hit during the Ides of March, just as the Trump stock-market Rally shows signs of topping out. This might not be the Great Epocalypse — not all at once anyway — but a large and likely correction is looming. I think the bear is about to be let out of his cage.

Mar 13 07:40

$21,714 FOR EVERY MAN, WOMAN AND CHILD IN THE WORLD – THIS GLOBAL DEBT BOMB IS READY TO EXPLODE

According to the International Monetary Fund, global debt has grown to a staggering grand total of 152 trillion dollars.

Other estimates put that figure closer to 200 trillion dollars, but for the purposes of this article let’s use the more conservative number. If you take 152 trillion dollars and divide it by the seven billion people living on the planet, you get $21,714, which would be the share of that debt for every man, woman and child in the world if it was divided up equally.

So if you have a family of four, your family’s share of the global debt load would be $86,856.

Mar 13 07:30

Government is still a problem

At the end of the day, Americans are going to end up with a budget that spends more on the military and makes a lot of compromises on cuts to domestic spending. Bottom line is that spending continues to increase.

Mar 13 05:44

$21,714 For Every Man, Woman And Child In The World – This Global Debt Bomb Is Ready To Explode

According to the International Monetary Fund, global debt has grown to a staggering grand total of 152 trillion dollars. Other estimates put that figure closer to 200 trillion dollars, but for the purposes of this article let’s use the more conservative number. If you take 152 trillion dollars and divide it by the seven billion people living on the planet, you get $21,714, which would be the share of that debt for every man, woman and child in the world if it was divided up equally.

Mar 12 12:48

Massive Cascade of Eurozone Defaults Coming Up

As soon as any major country exits the Eurozone (and possibly some lesser ones), a cascade of defaults, unparalleled in history will commence.

The only way to stop such a cascade would be if the ECB guaranteed (printed) enough euros to cover losses. Meanwhile, the already high Eurozone default risk keeps rising.

Mar 12 11:34

A High-ly Troubling Breadth Development? Despite the averages’ close proximity to 52-week highs, the number of NYSE New Lows has recently surpassed that of New Highs.

Although the major stock averages remain within arm’s length of their highs, an increasing number of red flags has recently been popping up. As members of The Lyons Share are aware, we became increasingly bearish in the short-term during the latter stages of the recent melt up in prices.

Mar 12 09:35

How Rothschild Inc. Saved Donald Trump

In the early 1980’s Donald Trump was an up and coming real estate developer in New York. There was no connection between the Trump name and casinos or gambling. The obvious nature of the name Trump and its definition related to gambling and card games foretold of the massive empire which would develop in the coming years.

In 1987 Donald Trump purchased his first casino interests when he acquired 93% of the shares in Resorts International. Resorts International has a sordid history which began in the early 1950’s when it evolved from a CIA and Mossad front company which had been established for the purpose of money laundering the profits from drug trafficking, gambling, and other illegal activities.

Mar 12 08:35

Stronger Economic Growth? Over My Dead Body, Says Janet Yellen

So why is the Fed raising rates when the economy is crawling along at suboptimal speed and, perhaps, headed for recession?

That question can be answered in two words: Donald Trump.

Mar 12 08:15

Eurasia: The Strategic Triangle that Is Changing the World

Away from the current chaos in the United States, major developments are progressing, with Iran, Russia and China coordinating on a series of significant moves crucial for the future of the Eurasian continent. With a population of more than five billion people, constituting about two-thirds of the Earth’s population, the future of humanity passes through this immense area. Signaling a major change from a unipolar world order based on Europe and the United States to a multipolar world steered by China, Russia and Iran, these Eurasian states are carving out a leading role in the development of the vast continent. As part of the challenges faced by these leading multipolar countries, the disruptive events originating in the post-WWII Euro-Atlantic world order will need to be tackled.

Webmaster's Commentary: 

Sounds like "peace through commerce" to me!!

Mar 11 16:24

Government employee retirement funds are NOT funded by ‘investments’: Wall Street fees are twice the net income of fund contributions, taxpayers pay 95% of costs, net returns average less than 1%. Solutions are monetary reform, public banking: 22-minute v

*hyperlinks/videos live at source*

Among the game-changing “fake news” We the People are told by “leaders” in government and corporate media is that government employee retirement contributions placed into investment funds pay for retirees’ benefits.

Let’s summarize the data of California’s 2011 Comprehensive Annual Financial Report (CAFR; the last time I looked) and what it means for the state’s 12 million households:

Officials and corporate media never remind taxpayers, but California holds $600 billion in taxpayer cash and investments ($50,000 non-disclosed assets per household).

California’s ~14,000 various government entities’ CAFRs have a sampled-data total estimate of $8 trillion in surplus taxpayer assets ($650,000 non-disclosed assets per household). For examples, page 63 of L.A. County’s 2011 CAFR shows $66 billion in cash and investments; City of L.A.'s CAFR page 58 shows $38 billion.

Mar 11 15:21

Scott Gottlieb, big pharma advocate, tapped to lead FDA

Another Swamp Critter!

(UPI) -- President Donald Trump has named conservative physician Scott Gottlieb to lead the Food and Drug Administration, winning praise from pharmaceutical companies.

Gottlieb, 44, was the deputy commissioner of the FDA under former President George W. Bush and has had long ties as an advocate for drug companies, a fact that prompted criticism from some consumer groups who said he may be too deferential to big pharma as he oversees the FDA's drug approval process.

Mar 11 15:18

Silver Market Poised For Big Reversal When Institutional Investors Move In

The Silver Market is going to experience a big reversal when the Hedge Funds and Institutional investors rotate out of highly inflated stocks and into precious metals investments.

Mar 11 15:00

Trump Plants Clues In His Office To Let The Central Bankers Know Their Fate

Venezuela is almost out of money, the country is suffering and this is all part of the deep state plan to take control of Venezuela. Retail is not dying because of Amazon, it is dying because people have no jobs and no money.

Mar 11 12:13

Deutsche Bank Fights for Time, Wins Reprieve

Shares soar 75% in five months, infamous CoCo bonds jump 30%

Mar 11 09:39

This is What Our Presidents Have Done to Our Home-Owning Dream

Is the American Dream dead? If home ownership as an attainable goal for the average American is the yardstick, then it is struggling – and currently in worse shape than it has been since the time of Richard Nixon, with one exception.

Mar 11 09:02

A Furious Italian Prime Minister Slams Deutsche Bank As Europe's Most Insolvent Bank

Several years ago, we were the first to point out the true "elephant in the room", namely Deutsche Bank's $75 trillion in derivatives which as we said at the time was about 20 times bigger than Germany's GDP, and 5 times bigger than the entire economic output of the Eurozone."

Mar 11 08:46

The Federal Reserve Explained in 3 Minutes

Mar 11 08:36

Can Merkel Bring Trump to Reason?

Angela Merkel is planning a dual strategy for her first face-to-face meeting with Donald Trump on Tuesday. She wants to foster close personal relations with the new U.S. president, but she also wants to make clear the Berlin is armed for a trade war against Washington.

Mar 11 08:35

EU finance watchdogs must retain powers over City of London post-Brexit, MEPs insist

They are urging regulators to press for “extraterritorial” oversight of the City as a condition for allowing the UK financial centre to keep its dominance in the lucrative derivatives market.

Mar 11 07:47

Crashing The System: Analysis Shows It Costs 12 Times More To Resettle Refugees Here In The U.S.

President Trump’s new executive order will have the U.S. housing less refugees here than under the previous administration.

Mar 11 07:39

VIRTUAL DIGITAL GOLD TO BE THE NEXT BIG THING - China's Tech & Financial Firms Eye Virtual Gold Rush

China's virtual gifting market, typically the domain of plugged-in young consumers celebrating special occasions or flirting, is luring major financial institutions keen to boost trade of another auspicious commodity: gold.

Mar 11 06:05

Central Banks & Gold: A SEA CHANGE Is Coming

Mar 10 16:58

An Eye-Brow Raising Survey on Bull's 8th Anniversary

On March 9, 2017, the bull market marks its eighth anniversary. At the same time, one group of market participants are more bullish than they've been in decades. Are they right? The Wave Principle is helping our subscribers anticipate the next major trend change.

Mar 10 16:37

Obamacare was 'meant to explode' in 2017 Trump says 'because Obama won't be here' - 'As bad as it is now, it will get even worse'

President Donald Trump urged lawmakers Friday to support the GOP health reform plan if they want to 'save Americans from imploding Obamacare disaster.'

Health insurance premiums are doubling, and in some cases tripling, he declared during a meeting at the White House with committee chairs, as he predicted that 2017 'would be a disaster for Obamacare.'

'That's the year it was meant to explode, because Obama won't be here. That was when it was supposed to be,' he proclaimed. 'As bad as it is now, it will get even worse.'

Mar 10 15:18

Jim Rickards: This Mini-Bubble Could Burst at Any Moment

Whenever stocks rise sharply for a sustained period, or rise more than a few days or weeks in a row, as had been the case until these past few days, there is always some pundit quick to label the trend a “bubble” and advise investors to run for the exits.

Mar 10 14:41

Doug Casey: How fascism comes to America

I think there are really only two good reasons for having a significant amount of money: To maintain a high standard of living and to ensure your personal freedom. There are other, lesser reasons, of course, including: to prove you can do it, to compensate for failings in other things, to impress others, to leave a legacy, to help perpetuate your genes, or maybe because you just can’t think of something better to do with your time.

Mar 10 14:28

Obamacare II – Return of the Walking Dead

Hillary Clinton isn’t Snapchatting images of her new haircut while President Donald Trump steers the ship of state simply because she’s only slightly more likeable than a pit viper. The Democrats constructed their coffin from the myriad scandals which plagued the Left; from the abuses of the Obama Administration to the excuses for Hillary. But they nailed it shut with Obamacare.

Mar 10 14:27

Are Central Banks Losing Control?

Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding. The returns on their "investment" is diminishing rapidly, and they're losing control of everything that matters.

Mar 10 13:53

OUCH! TRUMP HAS REALLY BAD NEWS FOR DEMOCRATS

You're seeing the start of a robust economic expansion, but you won't hear about it in the media because its favorable for Trump

Mar 10 13:29

Are Central Banks Losing Control?

Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding. The returns on their "investment" is diminishing rapidly, and they're losing control of everything that matters.

Mar 10 13:11

Disruptive Technologies Expose Unnecessary Government Regulations

In this video, Vin Armani shows how disruptive technology, like self-checkout kiosks and Uber, are exposing government regulations as an unnecessary protection racket.

Mar 10 12:58

The Inconvenient Truth About American Wages

My grandmother used to say, “You can put truth in the river five days after a lie; truth is gone catch up.”

Well, here’s the truth: The working men and women of this country are working more jobs and more hours, and they’re still barely hanging on. Beneath those fingertips, they can feel that middle-class dream – the American dream – slipping right away from them. It’s time for President Trump to do something about it.

I come from Ohio. It’s where I was born, and it’s where my roots run deep. We are humble, proud and hard-working people who’ve been battered by the twin storms of globalization and greed.

This past weekend, I was in another state full of humble, proud, and hard-working people; I marched with workers from the Nissan plant in Canton, Miss.

Webmaster's Commentary: 

This is not accidental.

For years, most of the protests came from middle-class workers; for the monied and the US Government, the easiest way of cutting down the protest was destroying the Middle Class in this country, and that is nearly what they have done.

Mar 10 11:46

Electronics store RadioShack files for bankruptcy again

U.S. electronics chain RadioShack Corp filed for bankruptcy on Wednesday for the second time in a little over two years, faced with a challenging retail environment and an unsatisfying partnership with wireless provider Sprint Corp.

Mar 10 11:07

How to find the best offshore banks

Mar 10 10:26

Freshman Congressman Who Said Some People "Just Don't Want Health Care And Aren't Going To Take Care Of Themselves" To Hold "Listening Tour" In Kansas This Week

Newly elected Congressman Roger Marshall, representing the 1st district of Kansas, is an OB-GYN who has delieverd 5,000 babies. Marshall made some comments in an interview last week which caught him a lot of flak. He explained his position and announced that he will hold a "Listening Tour" with nine stops in Kansas next week. In an earlier interview Marshall had said "Just like Jesus said, 'The poor will always be with us,' There is a group of people that just don't want health care and aren't going to take care of themselves. Just, like, homeless people. I think just morally, spiritually, socially, just don't want health care. The Medicaid population, which is a free credit card, as a group, do probably the least preventive medicine and taking care of themselves and eating healthy and exercising. And I'm not judging, I'm just saying socially that's where they are.

Mar 10 09:44

31 [Scumbag] Senators Call for More Foreign Workers to Replace Blue-Collar Americans

Thirty-one Democratic and Republican Senators are asking the Department of Homeland Security to maximize the use of blue-collar outsourcing visas so U.S. companies can import more foreign workers instead of recruiting, training and paying unskilled U.S. workers.

Mar 10 09:33

2016 Debt Binge Produces (Surprise!) 2017 Inflation. Guess What That Means For 2018?

Just as everyone was finally accepting the idea of deflation and negative interest rates, inflation decides to pay a return visi

Mar 10 09:16

Trump has the golden touch in first full month in office: Construction boom fuels job growth, unemployment is down and wages are up

More Americans launched job searches, lifting the proportion of Americans working or looking for work to the highest level in nearly a year.

And the labor force participation rate rose to 63 percent, a high water mark since ten months ago. That jump is an indication that people who have been on the sidelines are rejoining the labor market.

The healthy job growth, decent pay gains and falling unemployment rate will make the Federal Reserve even more likely to raise short-term rates when it meets next week.

Mar 10 09:01

RUSSIA'S LARGEST BANK CONFIRMS HIRING PODESTA GROUP TO LOBBY FOR ENDING SANCTIONS

Russia's largest bank, Sberbank, has confirmed that it hired the consultancy of Tony Podesta, the elder brother of John Podesta who chaired Hillary Clinton's presidential campaign, for lobbying its interests in the United States and proactively seeking the removal of various Obama-era sanctions, the press service of the Russian institution told TASS on Thursday.

"The New York office of Sberbank CIB indeed hired Podesta Group. Engagement of external consultants is part of standard business practices for us," Sberbank said.

Webmaster's Commentary: 

You have to love the dual smells of irony and hypocrisy in the morning; and the Clinton campaign claimed that Russia had hacked the US elections in favor of Donald Trump!!

Methinks the Clinton camp protested waaaay too much, given this recent turn of events.

Mar 10 08:57

HOUSE PASSES $578 BILLION MILITARY SPENDING BILL

The House of Representatives today voted 371-48, with massive majorities in both parties, in favor of another $578 billion military spending bill to cover the remainder of fiscal year 2017. The bill now moves on to the Senate, where it again is expected to easily pass.

The exact meaning of the figures is a little difficult to understand this time around, because Congress had already passed a military spending bill for fiscal year 2017 back in December, which was $611 billion. That bill was only ever intended to be a fraction of what was to be spent, aiming to give way to a second “emergency” bill before April, which is today’s bill, which would cover the rest of the year. That said, there is a lot of overlap between the two and the overall budget is not just a matter of adding the two together.

Webmaster's Commentary: 

A memo to President Trump and Congress: please spend this money more wisely than it has been spent in the past, particularly when it comes to America's weapons makers.

The practice of delivering weapons which are obsolete upon delivery; which do not perform as advertised; or have horrific cost over-runs cannot, and should not be tolerated by the US government or We the People.

Mar 10 08:52

Market Euphoria, China's Dumping of Treasuries Ignite Recession Concerns

Each of the last five major U.S. recessions were preceded by a shrinking global trade as a percentage of GDP.

Mar 10 08:51

ARE CENTRAL BANKS LOSING CONTROL?

If you want a central banker to choke on his croissant, read him this quote from socio-historian Immanuel Wallerstein: "Countries (have lost the ability) to control what happens to them in the ongoing life of the modern world-system."

Stated another way, Wallerstein is asking: what do central banks no longer control?

Central banks still claim absolute control over their currency, interest rates,what's legal/outlawed in their financial systems, and so on.

Wallerstein is suggesting that era has ended and central banks are losing control of the value of their currency, their role in the global economy and the social discontent that is the ripening harvest of central bank policies that have greatly enriched the rich at the expense of everyone else.

This matters because instability in a nation's currency quickly spreads to the economy and then to society: as a currency depreciates, the value of everyone's money declines, i.e. the purchasing power of their money is diminished.

Mar 10 08:43

'Whistle for it!' Nigel Farage fumes over £60bn bill UK is expected to pay to leave EU

NIGEL FARAGE has derided EU bigwigs’ threats that British taxpayers could be forced to fork out billions for Brexit.

Webmaster's Commentary: 

A ransom by any other name ...

Mar 10 08:43

Rickards: The path to $10,000 gold

Mar 10 08:42

Britain performed ‘the GREAT ESCAPE’ by voting to ditch Brussels, leading economist boasts

BRITAIN has executed the “great escape” and will perform “extremely well” after voting to leave the clutches of the EU, a world leading economist has boasted.

Mar 10 08:34

Toshiba’s Westinghouse Must Make Bankruptcy Decision Quickly

Toshiba's Westinghouse unit needs to decide by the end of the month whether to file for Chapter 11 bankruptcy so the Japanese conglomerate can compile audited third-quarter earnings without further delays, Japan's Finance Minister said on Friday.

Mar 10 08:29

Sean Spicer Confirms Trump Is Going To Bring Back Glass-Steagall

Wall Street stocks plunged Thursday after Sean Spicer announced President Trump is “committed to breaking up the banks” as the campaign to drain the swamp and uproot the establishment moves into high gear.

Mar 10 08:17

Charting The Maddening Market Messages

Mar 10 07:58

The Top 8 Reasons You Should Own Gold

Mar 10 07:48

IT TOOK $4 IN NEW DEBT TO CREATE $1 IN GDP

Bill Gross' letter discussing the credit deluge hitting the US came out at a convenient time: just as the Federal Reserve released its latest Flow of Funds report, which while most track to show the change in average household net worth - which is almost entirely a function of the stock market - we find it far more valuable for its nuanced information on the breakdown of US debt. And while it showed that in the fourth quarter, the net worth of US residents, mostly the wealthy ones as the bulk of financial assets is held by a small fraction of the total population, rose by $2 trillion to $92 trillion mostly as a result of a $1.5 increase in financial assets....

... we were more interest in the aggregate picture.

It wasn't pretty.

Webmaster's Commentary: 

This is truly scary; it is not a question of IF the US economy collapses; it is only a question of when.

Mar 10 02:54

WHAT DOES ROTHSCHILD KNOW ABOUT MARCH 15TH?

Historically, March 15th has been a very significant date to the Rothschilds. And now March 15th is likely to become a very significant date in American history. Andy Hoffman joins me to discuss Silver, Bitcoin, the US debt limit being reached, and why March 15th is so important.

Mar 09 18:31

Burger-flipping robot replaces humans on first day at work

A burger-flipping robot has just completed its first day on the job at a restaurant in California, replacing humans at the grill.

Flippy has mastered the art of cooking the perfect burger and has just started work at CaliBurger, a fast-food chain.

The robotic kitchen assistant, which its makers say can be installed in just five minutes, is the brainchild of Miso Robotics.

“Much like self-driving vehicles, our system continuously learns from its experiences to improve over time,” said David Zito, chief executive officer of Miso Robotics.

Mar 09 17:55

“Retailers Are the New Oil & Gas,” Only Worse

I’ve been doom-and-gloom on brick-and-mortar retail. But I haven’t been nearly doom-and-gloom enough, given the events of the past seven days. Includes my interview with The Financial Exchange, WRKO Boston.

Mar 09 16:27

Markets Keep Going Up - BLOWOFF Top Next?

Arch Crawford joined us. With emotions running high in the political parties, a recent eclipse, the market is being tightly controlled. The Dow keeps going higher but the S&P isn't moving. What is going to happen to change things?

Mar 09 15:21

The 'Trump Trade' Is Too Optimistic

Tom Beck of Portfolio Wealth Global believes the "Trump Trade" is overblown and recommends investors bulletproof their holdings.

Mar 09 15:12

It’s Time We Acknowledge Women’s Contributions To The Economy

Women hold 49.5 percent of payroll jobs. The health of the female workforce is hugely important to the health of the overall labor force. And yet—in crucial ways—lawmakers in the United States have avoided commonsense policy changes that have been shown to make it easier for women to balance paid work and their still disproportionate share of responsibilities at home.

Mar 09 14:53

Precious metals breakout? Dangerous if they don’t!

Gold has been in a persistent downtrend since 2011. Failed rallies have added up and it’s taken its toll on precious metals bulls.

Mar 09 14:41

Despite Numerous Advantages, The Rise Of E-Commerce Is Posing Serious Risk For This One Sector Of Economy

With the advent of E-Commerce, the trend in shopping is changing from visiting a brick and mortar shop to placing an order online through a website.

Mar 09 14:10

Atlanta Fed GDPNow Forecast Spirals Down in Amazing Manner

Where has all the optimism gone?

Mar 09 13:39

Protests Shake Egypt After Cut To Bread Subsidies

Hundreds of Egyptians in a number of cities, including Alexandria, Minya, Desouk and the working class Imbaba district of Cairo turned out on Tuesday to protest severe cuts to bread subsidies.

Mar 09 11:48

Keiser Report: Big Money In Space Junk

In this episode of the Keiser Report Max and Stacy discuss bitcoin passing gold price and the big money in space junk. In the second half Max interviews independent journalist, Tim Pool (@timcast) about his crowdfunded journey to the so-called ‘no go areas’ of Sweden and whether or not President Trump was wrong about how ‘dangerous’ they are.

Mar 09 10:32

'The Euro is IRREVOCABLE’ Euro Bank chief fires warning at Le Pen over Frexit vote promise

THE head of the European Central Bank (ECB) declared the euro is "irrevocable" and "here to stay" in a tactical intervention ahead of the French election, amid fears the vote outcome could derail the union.

Mar 09 09:54

UBER LOSSES HIT $2B A YEAR

Mar 09 09:46

Is Further Decline On The Cards For Tesla Stock Moving Ahead

Tesla shares saw an epic rally in the past few month with stock going up 50% in two months.

Mar 09 09:11

Russians return home, disappointed in Europe

Close to 150 thousand Russians have returned home from abroad in the last year, with one in five coming from the EU, writes the newspaper "Izvestia" . They cited data from the Ministry of Interior and Ministry of Foreign Affairs.

Nationals are currently returning to Russia due to take part in the voluntary resettlement program.

"The trend is evident, as I personally know of more than 20 people who are planning to move to Russia", stated a man who has lived in Paris for over 20 years, to the publication.

"In Germany, I realized that I had much less prospects for employment than in Russia," - lamented another Russian, who returned to his homeland after 12 years of living in Germany.

Mar 09 07:51

Ukraine Has Lost Billions On The Trade Agreement With The EU In Year One

The Deep and Comprehensive Free Trade Agreement (DCFTA) between Ukraine and the European Union, which came into force on 1 January 2016, was aimed at helping the East European economy to recover; however, the results after the first year fell far short of Ukraine’s expectations. The former Soviet Republic lost €2.2 billion more than it lost in 2015 on trade with the EU. While imports from the EU have surged, exports have barely grown.

As Polish media reports, the European Union has flooded Ukraine with goods, which is contrary to the aim of the free trade agreement: the document assumed the asymmetric openness of the markets in Ukraine’s favour.

Mar 09 07:30

16 Reasons Why You Shouldn’t Live In California

It has been said that “as California goes, so goes the nation”. That is why it is such a shame what is happening to that once great state. At one time, California seemed to be the epicenter of the American Dream.

Mar 09 07:07

Rise of the Machines: A Burger Flipping Robot Is About To Start Work at a Fast Food Chain

CaliBurger, a chain whose last sustained time in the spotlight was occurred because it was too much like In-N-Out Burger by In-N-Out Burger, is the latest restaurant to announce it’ll be using a burger flipping robot to handle grill duties.

Mar 09 06:43

Are Central Banks Losing Control?

Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding.

Mar 09 06:43

Russia's Gazprom to Hold Eurobond Roadshow in US

Gazprombank, J.P. Morgan, Mizuho Securities and SMBC Nikko will act as the organizers of the series of meetings with investors and possible subsequent placement. The meetings will be held in Los Angeles and New York.

Mar 09 05:40

Pharma Stocks Under Pressure After President Trump’s Tweet About Drugs Pricing

Drugmakers are under intense pressure to come up with ways to reduce prices amid outcry from members of Congress and U.S. customers.

Mar 09 03:32

Definition of Madness: Spain Needs Bigger Banks, Apparently

Not having learned a thing from merged banks that then collapsed.

Mar 08 18:44

GERMAN ECONOMY IMPLODING - Quantitative Easing Not working as German Factory Orders Take A Dive

If the Bundesbank were running the show, European interest rates would be on their way up and Germany’s central bank would be busy mopping up the deep pool of cheap and easy money that has been flooding Europe’s economy for years.

Mar 08 16:47

EU CASH CRISIS: Bloc to lose FIFTH of budget as Brexit ends scandal of soaring UK handouts

BRUSSELS is facing a major funding crisis when its cash cow Britain leaves with Brexit set to slash the EU’s budget receipts by up to a fifth, a leading think-tank has warned.

Eurocrats are staring at a colossal spending black hole caused largely by the astonishing rate at which they have milked the UK economy for cash, according to bombshell conclusions published by the European Policy Centre (EPC).

Experts revealed how Britain’s budget contributions have ballooned at an unprecedented speed and are now a scarcely believable more than 50 times greater than they were when the country joined the bloc in 1973.

Mar 08 16:46

STUDY FINDS LEGAL CANNABIS WILL CAUSE A $2 BILLION DROP IN BEER SALES, ALCOHOL LOBBIES FREAKING OUT

STUDY FINDS LEGAL CANNABIS WILL CAUSE A $2 BILLION DROP IN BEER SALES, ALCOHOL LOBBIES FREAKING OUT
B U T - read on:
Actually, one of the biggest things that does drop when cannabis is made legal is Americans’ dependence on pharmaceutical painkillers.
Not only have opioid overdose deaths dropped a full fourth in states with legal marijuana, but the Guardian reports,
Medicare saved roughly $165m in 2013, according to the study, which estimated that expenditures for Medicare Part D, the portion of the government-funded health insurance program that subsidizes prescription drug costs, would drop by $470m annually if medical marijuana were legalized nationally.
Hm. Doesn’t take a rocket scientist to figure out that this would be why Big Pharma has turned into one of the biggest anti-legalization lobbies, spending some $19 million against legal marijuana in 2015 alone.

Mar 08 13:37

Marine Le Pen: "I Will Introduce The New Franc At A Rate Of One-To-One To The Euro"

Providing some much needed details on her plans to redenominate the French currency, should she win the French presidential election in under two months, on Wednesday Marine le Pen told RTL radio should would introduce a new franc at a rate of one-to-one to the euro and then allow it to fluctuate, despite previously saying that any new national currency would continue to be pegged to a basket of currencies. She said the new French franc would likely fall "against whatever currency Germany uses", making French car exports more competitive, but said it might rise against the currency in Italy, a country she said would also be better off without the euro.

Incidentally, many agree with Le Pen, and according to Paddy Power, Italy now has even odds of leaving the EU before 2025, far higher than even perpetually depressed Greece.

Mar 08 13:37

Q1 GDP Now Just 1.2% According To Atlanta Fed; Rate Hike Imminent

Another day, another downgrade to US GDP: after yesterday the Atlanta Fed slashed its Q1 GDPNow estimate from 1.8% to 1.3% - with the forecast as high as 3% at the start of the year, and 2.5% as recently as the end of February - moments ago the Atlanta Fed has once again cut its US growth forecast, and now sees Q1 GDP of just 1.2%, on par with the disappointing 0.9% and 0.8% prints in Q4 2015 and Q1 2016.

Mar 08 12:45

Softbank CEO: The Singularity Will Happen By 2047

The CEO of Japanese telecommunications giant and internet multinational Softbank is at it again. Masayoshi Son has been consistent with his predictions as to when the technological singularity will occur. This time, Son predicted that the dawn of machines surpassing human intelligence is bound to occur by 2047 during a keynote address at the ongoing Mobile World Congress in Barcelona. Son famously made the same prediction at the 2016 ARM TechCon, when he revealed that Softbank is looking to make the singularity happen.

Mar 08 12:20

Same As It Ever Was-Gold, Bitcoin, And Rapidly Changing World

As both a competitor and peer of Miles Franklin in the retail bullion industry, Peter Schiff has, like myself, been a vocal Precious Metal advocate.

Mar 08 12:11

A new bill in Arizona challenges the Fed’s money monopoly

History shows that, if individuals have the freedom to choose what to use as money, they will likely opt for gold or silver.

Mar 08 11:42

Another major warning sign for oil prices

Mar 08 11:08

Richard D. Wolff: What Is Money? Why Do Some Have More Than Others?

This interview with Richard D. Wolff, University of Massachusetts professor of Economics Emeritus, Marxist economist and founder of Democracy at Work, discusses the instrument of exchange that we use in our society on a daily basis,. Topics include

Mar 08 10:28

The Bullish Story In Financial Markets Is Set To Rollover From Its Current Elevated Levels In March

We are in a season of time when economic conditions have appeared to be getting a little bit better in the United States, and this has blinded so many people to the truth of what is about to happen to us.

Mar 08 09:11

Hugo Salinas Price - Noah’s Flood of Cash Coming, Apocalypse Is Upon Us

Could a Fed rate hike start the bond market to liquidate? Mexican billionaire and retail magnate Hugo Salinas Price contends, “Apocalypse is upon us . . . this boom in stocks is about to collapse. T

Mar 08 09:07

Trump’s first full month in office brings massive employment boom as U.S. companies added whopping 298,000 new jobs in February

U.S. companies added a whopping 298,000 new jobs in February, beating economists' expectations by more than 100,000.

Mar 08 08:57

GREECE IN CHAOS: Riot police in violent clash with protesters on edge over austerity

GREEK farmers clashed with police in central Athens today when a protest against tax and pension reforms mandated by the country's multi-billion-euro bailout turned violent.

Mar 08 08:30

President Donald Trump endorsed the House plan to replace Obamacare despite opposition signaled by key conservatives.

Trump has really angered the base on this one. People feel betrayed.

“We’re going to do something that’s great, and I am proud to support the replacement plan released by the House of Representatives,” Trump said at the White House on Tuesday after meeting with House Majority Whip Steve Scalise and the House Republican whipping team.

Katherine Walters • 9 minutes ago

THIS IS WHAT WE WANT - WE WANT THE FEDERAL GOVERNMENT OUT OF THE HEALTHCARE BUSINESS ENTIRELY. REPEAL OBAMACARE BACK TO WHERE IT WAS BEFORE THEY SHOVED IT DOWN OUR THROATS. HOW HARD IS THIS COME ON

Mar 08 08:28

What boycott?! Ivanka Trump sales skyrocket in February - with brand reporting record-breaking number of purchases

The Ivanka Trump brand had its best ever month in February, despite being dropped by Nordstrom and other national retailers for poor sales.

In an interview with Refinery 29, company president Abigail Klem said: 'Since the beginning of February, they were some of the best performing weeks in the history of the brand.

'For several different retailers Ivanka Trump was a top performer online, and in some of the categories it was the [brand’s] best performance ever.'

Webmaster's Commentary: 

The stockholders of those retail stores that dropped Ivanka need to remind those executives that they are there to make profits, not political statements that harm profits!

Mar 08 08:01

GREECE IN CHAOS: Riot police in violent clash with protesters on edge over austerity

GREEK farmers clashed with police in central Athens today when a protest against tax and pension reforms mandated by the country's multi-billion-euro bailout turned violent.

Mar 08 07:32

German economy CRISIS: Car demand PLUNGES as factory orders hit lowest level since 2009

FALLING demand for German cars has pushed the country's manufacturing sector to record its worst month since 2009, raising fears for economic powerhouse of the eurozone.

Mar 08 07:14

Dow Euphoria

The Dow reached new highs the normal way – levitated through the creation of massive unpayable debt and the expectation of huge profits (for traders). Daily sentiment has reached a peak and indicates we are at or near a top. Read Bob Moriarty.

Official national debt is nearly $20 trillion. Regardless, President Trump promised something for everyone:

More military spending, which will create larger deficits and more debt;
Middle-class tax relief; (Larger deficits and more debt…)
$1 trillion infrastructure spending; (More debt…)
Education bill for more school choice etc.; (More debt…)
The Wall; (More debt…)
And more promises that require massively more debt.

The Dow likes more debt, until reality strikes.

Mar 08 05:25

Gold to see unprecedented rally under Trump

As Trump sets out to ‘make America great again’, gold is back on everyone’s radar, gaining on widespread uncertainty and promises of high-level inflationary infrastructure spending. For our favorite precious metal, this is a euphoric time. Gold is great again, and all-American gold—even better.

Mar 08 03:51

This Region Of The World Is Being Hit By The Worst Economic Collapse It Has Ever Experienced

The ninth largest economy in the entire world is currently experiencing “its longest and deepest recession in recorded history”, and in a country right next door people are being encouraged to label their trash so that the thousands upon thousands of desperately hungry people that are digging through trash bins on the streets can find discarded food more easily.

Mar 08 00:42

Trump Looks To Rand Paul For Solution To Obamacare Disaster

"I feel sure that my friend @RandPaul will come along with the new and great health care program because he knows Obamacare is a disaster!"

Mar 07 20:34

Rand Paul: "GOP Obamacare Light Dead On Arrival, Just Another Government Program

Senator Rand Paul says that the GOP Obamacare replacement bill keeps the individual mandate and is basically a terrible idea, and he will oppose it 100 percent.

Mar 07 16:37

Cheap debt avoids countries going bankrupt

It’s not a secret the cheap debt policy from the European Central Bank has really helped out several European countries to keep the government finances under control. Well, more or less, as several members of the Eurozone are still running huge budget deficits.

Mar 07 16:20

JOBS JOBS JOBS!!!

Mar 07 15:40

Socialism In A Death Spiral / The Sovereign Debt & Pension Crisis Expanding

While the Democrats are doing everything they can to stop Trump along with Republican political elites such John McCain, and the shadow elites fund protests, stopping Trump will accomplish nothing for the corrupt socialists state is collapsing.

Mar 07 15:09

The Puzzle Pieces Are Coming Together & The Last Piece Is The Collapse Of The Economy

Brexit reality, the EU wants a fee paid first. Pepsi lays off 20% because of a soda tax.

Mar 07 14:36

Rickards: Why gold will go higher even if the Fed raises rates

When the Fed raised interest rates in December, many believed gold would plunge. But it didn’t happen.

Gold bottomed the day after the rate hike, but then started moving higher again. And for the last 10 weeks it’s been up about 12%, despite some up and down fluctuations.

Mar 07 14:34

Glass-Steagall Essential Banking Regulation

Glass-Steagall was one of the few regulatory interventions that served the country well.

The central struggle since the inception of the Republic has been about the control of money.

Since the U.S. Constitution clearly defines coinage, the objective of the mercantile elite was to circumvent the law and establish a National Bank. Woe to any defender of President Andrew Jackson for abolishing the Second Bank of the United States and rendering the Bankster Nicholas Biddle to his ignominious place in hell.

The central banksters have proven that they are the definitive parasites in all money matters.

Mar 07 12:05

The Next Domino To Fall: Commercial Real Estate

Unless the Federal Reserve intends to buy up every dead and dying mall in America, this is one crisis that the Fed can't bail out with a few digital keystrokes.

Just as generals prepare to fight the last war, central banks prepare to battle the last financial crisis--which in the present context means a big-bank liquidity meltdown like the one that nearly toppled thr global financial system in 2008-09.

Planning to win the next war by assuming it will be a copy of the last conflict is an excellent strategy for losing the next war. The same holds true for the next financial crisis: reckoning that it will be a repeat of 2008 is an excellent way to be caught completely off-guard.

Crises may rhyme, but they don't repeat. The next Global Financial Meltdown won't start in subprime mortgages--that sector has been wiped out, written down, or passed on to the poor tax-donkey taxpayers.

Mar 07 11:58

America's Desperate Mall Owners Turn To Grocers, Doctors & High Schools To Fill Empty Space

Once a shining beacon of American capitalism, malls around the U.S. are failing at an alarming rate due to a combination of shifting consumption patterns, years of underinvestment by mall owners and a spate of retailer bankruptcies over the past 12 months that have left large swaths of once prime real estate empty (see "Number Of Distressed US Retailers Highest Since The Great Recession").

Now, as the vacant square footage grows larger, mall owners are being increasingly forced to turn to non-conventional tenants to fill empty space. Per the Wall Street Journal, the latest target of mall owners is yet another struggling industry, grocers, with everyone from Whole Foods to Kroger looking to snap up square footage at discount prices.

Webmaster's Commentary: 

A sign of the times which may well accelerate rapidly.

Mar 07 11:39

The Second Dumbest Kind Of Money Is Pouring Into Stocks — “With A Vengeance”

One of the traditional signs of market tops is individual investors finally succumbing to the lure of apparently easy money and pouring their savings into the stock market.

Mar 07 11:32

German economy CRISIS: Car demand PLUNGES as factory orders hit lowest level since 2009

FALLING demand for German cars has pushed the country's manufacturing sector to record its worst month since 2009, raising fears for economic powerhouse of the eurozone.

Data from the the German Economy Ministry shows factory orders fell a shocking 7.4 per cent month on month in January, in what experts described as a horrendous reading.

Domestic demand fell by a sharp 10.5 per cent, amid a 16.8 per cent drop in demand for investment goods.

The reading suggests rising inflation in Germany is curbing the spending power of households.

But at the same time, export orders were down 4.9 per cent.

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