ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jun 13 08:48

Violent Riots And Looting Are Now A Daily Occurrence In Venezuela

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

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

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

Jun 13 08:47

BREXIT THE MOVIE FULL FILM

Webmaster's Commentary: 

Send this to everyone you know in Great Britain!

Jun 13 08:35

Keiser Report: Gold Price Manipulation

Jun 13 07:55

Bureaucratic Insanity: Free to be Slaves

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

Jun 13 07:12

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

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

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

Webmaster's Commentary: 

Jun 13 07:07

Big Names Are Bailing

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

Jun 13 07:03

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

It begins!

Submitted by Tyler Durden:

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

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

Jun 13 07:01

George Soros Terrified of Coming Economic Collapse?

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

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

Webmaster's Commentary: 

Jun 12 12:09

The Next Crash: Prelude

Jun 12 08:25

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

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

Jun 12 08:11

Hitler vs (((Rothschild)))

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

Jun 11 16:44

Global Economy at the Brink of Collapse!

Jun 11 16:14

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

*hyperlinks/videos live at source*

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

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

Jun 11 15:39

“Death of the Dollar” Not Yet

Jun 11 15:37

Does Bilderberg Really Run The World? One Chart To Help You Decide

To help readers decide, here is a chart laying out the linkages and various connections - financial, political, statutory and otherwise - between the handful of people who comprise the Bilderberg core and the rest of the world.

Jun 11 14:42

The pensions mess: can gold help?

Jun 11 11:44

Analysis: The North American Community Will Continue Integrating

A recent article in the New York Times written by Parag Khanna laid out the case for an emerging North American Union in what Khanna dubbed “A New Map for America.” The core analysis centered around the industrial, transport and energy integration of the continent between the United States, Canada and Mexico. A major highway would link Toronto to Chicago and one could speculate roll right down to Monterrey, Guadalajara or Mexico City.

Jun 11 10:10

This Might Be Funny....by Charlie Reese

By Charlie Reese: A former columnist of the Orlando Sentinel.

This might be funny if it weren’t so true. Be sure to read all the way to the end:

Tax his land,
Tax his bed,
Tax the table,
At which he’s fed.........

Jun 11 09:50

Google endorses the Trans-Pacific Partnership

Jun 11 09:34

Larry Kudlow: 'Overthrow the Establishment' to Fix the Economy

Newsmax Finance Insider Larry Kudlow is fed up with the way global central banks have been trying to revive the economy.

Nothing they have done has worked. So there’s really only one option left, he told CNBC.

“Overthrow the establishment. Now's the time,” said the CNBC senior contributor who also hosts a syndicated radio-talk show. "Overthrow the establishment," urged Kudlow, who was a former economic adviser to President Ronald Reagan.

“We need a different model. In other words, zero interest rates, or negative interest rates, and tons and tons of government spending for all these G-7 countries have not worked,” he said.

Jun 11 09:28

North Sea Job Cuts To Hit 120,000

Jun 11 08:25

Rob Kirby: Something We’ve Never Witnessed Before in Recorded History

The establishment, globalist, elite, 1%, 0.01% whatever you wish to call them they seem to be on a one-way ride straight into the abyss. The global financial systems and global economies all seem to be moving in the same direction at the same time – down the tubes. Of course if you listen to the mainstream media they will be happy to tell you, over and over, about how awesome everything is and how well you are doing. Just keep your eyes on the stock market and you too will know they are being sincere and have your best interest at heart. Anyone with a brain knows nothing could be further from the truth.

Jun 11 07:11

US Oil Rig Data Shows Uptick

Jun 11 07:06

Google endorses the Trans-Pacific Partnership

Jun 10 19:27

Sir James Dyson: 'So if we leave the EU no one will trade with us? Cobblers...'

“When the Remain campaign tells us no one will trade with us if we leave the EU, sorry, it’s absolute cobblers. Our trade imbalance with Europe is running at nine billion a month and rising. If this trend continues, that is £100bn a year.”

He jabs at a graph. “If, as David Cameron suggested, they imposed a tariff of 10 per cent on us, we will do the same in return. We buy more from Europe than they buy from us, so we would be the net beneficiary and based on these numbers it would bring £10bn into the UK annually. Added to our net EU contribution, it would make us around £18.5bn better off each year if we left the EU,” he concludes with quiet triumph.

Jun 10 19:00

Sanders Snubs AIPAC, Trump A Rothschild Tool

Luke Rudkowski of We Are Change revealed that recently Trump has been consulting with the Rockefeller-controlled Council on Foreign Relations for foreign policy advice.

In a recent American Free Press article Michael Collins Piper discusses the heavy Rothschild/Rockefeller influence amongst GOP candidates, including Ted Cruz and Donald Trump. Piper notes that it was Trump who acquired a 93% interest in Resorts International – a long-time CIA/mob drug laundry launched by Rothschild lieutenant Meyer Lansky’s protégé Robert Vesco. Piper writes:

Jun 10 15:49

How Fiat Money Destroys Culture

One of the central features of a fiat money system is that it tends to produce near-permanent price inflation. This contrasts with the workings of an economy based on natural monies such as gold and silver. Here the price levels tend to stay flat over the long run or decline, especially in the presence of vigorous economic growth. We saw this throughout the nineteenth century in both Europe and the US, where deflationary growth has been the rule.

Jun 10 15:44

$2,139,254,000,000: Taxes Set Record Through May

The U.S. Treasury took in a record of approximately $2,139,254,000,000 in tax revenues in the first eight months of fiscal 2016 (Oct. 1, 2015 through May 31, 2016), according to the Monthly Treasury Statement released today.

Jun 10 15:32

Despite "The Biggest F##king Bailout Ever" This Analyst Says S&P Will Drop 80%

Calling for an 80 percent drop in the S&P 500 is a bold claim, one that not too many people would make, unless they were convicted in their belief. Meet Etai Friedman, CEO of Eyal Capital Management, formerly of MKM Partners and Steve Cohen's SAC Capital. Etai points to an oft-used metric, Tobin's Q, to state part of his case in a series of articles describing his extremely bearish outlook of the U.S. economy.

If you missed class on the day your finance professor reviewed Tobin's Q, here's a quick breakdown. "The Q Ratio" was developed by James Tobin, an American Economist, who was awarded a Nobel Prize for his work in Economics. It's actually a fairly straightforward equation: You take the total market value of the market, plus liabilities, and divide it by the book value of the market, plus liabilities.

Jun 10 13:42

Something VERY BIG Is Afoot!

Jun 10 13:33

Gold to $10,000?

Jun 10 12:40

MoneyGrab: Delaware Sued By 21 States Over Unclaimed Checks

The state of Delaware is going to court against 21 other states over charges of mishandling up to $400 million in unclaimed checks. The attorneys general of two states claim Delaware violated federal law by misusing checks sold by MoneyGram.

Jun 10 12:07

Fearful of EU Disintegration and Mired in Crisis, France Wants Britain Punished for Brexit Revolt

As support for a British exit from the EU strengthens, at least according to the latest polls that give some people whiplash, policy makers on both sides of the English Channel are finally beginning to think about the days, weeks and months after June 23. Some countries, such as Germany, seem more inclined to favor a soft, pragmatic approach in the event of a Brexit, while others, led by the government of France, are calling for a more punitive response.

Webmaster's Commentary: 

Oh yes, I can already see the French trying to invade England!

Jun 10 11:43

Gawker Files for Bankruptcy

Jun 10 11:40

What pushes the US towards war with Russia?

First of all the US does not have a media. It has a ministry of propaganda. The media in the US is a function of the military security complex and of neoconservatives, and their ideology is world hegemony. That means American control of the entire world includes Russia and China. The neoconservative ideology says that history chose America to be the empire to rule the world. That is why they say that the United States is an indispensable country, and that the American people are the exceptional people. So, what you have here is the same ideology as Adolf Hitler. No one else matters.

There are the efforts of neoconservatives to destabilize Russia. This is the reason for Georgia and Ukraine. This is the reason for military activities on the part of the US and NATO on the Russia’s borders. This is an effort in part to destabilize the Russian government, but the neoconservatives are preparing to take this all away to war.

Jun 10 10:57

House passes Puerto Rico rescue bill

On Thursday evening, the U.S. House of Representatives overwhelmingly passed a bill to help the island avoid economic collapse. Puerto Rico is $70 billion in debt and stuck in a recession. The situation is so dire that Puerto Ricans are literally fleeing the island at a rate not seen since the 1950s "West Side Story" era.

The bill is being hailed as a bipartisan compromise. President Obama and Hillary Clinton both support it, as does Republican House Speaker Paul Ryan.

Webmaster's Commentary: 

They, of course, are not paying for it; you are!

Jun 10 10:10

Target CEO Clings To Transgender Mixed-Sex Changing Room Plan, Despite $10 billion Loss

Target’s CEO Brian Cornell refused to change course when confronted this week by shareholders who are alarmed by his expensive push for a transgender, mixed-sex changing-room policy that has helped wipe out almost 20 percent of the company’s value.

Webmaster's Commentary: 


Jun 10 09:35

How do you have a bull market without banks?

Jun 10 07:45

Our export boom OUTSIDE the EU: Leave campaign reveals Britain is exporting a record £14billion to non-European countries – as JCB boss says 'we have little to fear'

Britain is exporting a record amount to countries outside the crisis-hit European Union, it was revealed yesterday.

Leave campaigners said the official £14billion export figure was proof the country is less dependant than ever on the rest of the EU.

It emerged as one of the UK’s most successful entrepreneurs insisted Britain can ‘stand on its own two feet’.

Lord Bamford, the billionaire chairman of JCB, said in an open letter to his 6,000 UK staff that the country ‘has little to fear’ from cutting ties with Brussels and that his company and the whole of the UK ‘will prosper just as much outside the EU’.

Jun 10 07:00

EU referendum: Decision to extend voter registration deadline could lead to 30,000 more Remain voters

The decision to extend the deadline for people wanting to register to vote in the EU referendum could lead to 30,000 more remain votes, according to Telegraph analysis.

Due to the age breakdown of latecomers who made applications on Wednesday 8 and Thursday 9 June - after the initial deadline - there is likely to be more people aged under 35 registered.

This group is more likely to vote to remain in the EU than any other age group.

Even after accounting for the fact that only around two thirds of applications make it onto the voting register, and also the fact that not all of these will turn out on the day, the age breakdown of late applications makes it likely that 30,000 more could vote remain on the day.

Jun 09 17:47

Wide Racial Gaps Remain In US Public Schools: Study

Wide racial disparities remain in US public schools, including in discipline, suspension, course access and teacher quality, according to new data released by the US government.

Jun 09 16:59

GOP bill aims to bring balance back to government

Millions of American business owners have watched with disgust over the past few years as President Barack Obama fine-tuned his style of legislation via bureaucratic agency. He’s annihilated constitutional separation of powers and cost business owners and taxpayers billions of dollars with his pen and his phone. But this GOP legislation could keep it from happening again.

Jun 09 16:51

Senators Seek to Stop $2.5 Billion Taxpayer-Funded Obamacare Bailout

A delegation of leading senators are seeking to stop the Obama administration from providing some health insurers with a $2.5 billion taxpayer-funded bailout under a provision in the Affordable Care Act, or Obamacare, according to congressional communication

Jun 09 16:05

Bilderberg: Still Powerful But Perhaps a Bit More Anxious This Year

Prime ministers, finance ministers, leading entrepreneurs and a former spy chief are among the attendees at this year’s influential Bilderberg conference, but one regular guest, George Osborne, will be absent.

Jun 09 15:35

Gagging On The Gig Economy

No doubt you’ll be thrilled to learn that we now live and work in a “gig economy.”

That’s the latest corporate buzz-phrase from Silicon Valley.

Jun 09 15:21

Jones New York closing all 37 stores in Canada

Jun 09 13:46

92,000 Coloradoans to Lose Health Insurance as More Companies Quit, Hike Rates Because of Obamacare

This is all happening by design, a problem-reaction-solution to force the country onto a single-payer federal socialized health care system.

Jun 09 13:43

Citi Bank Warns of 9,000 UK Job Cuts

Jun 09 12:43

World’s Richest Man: $2 a Day is Survivable if You Have Chickens

On Tuesday, Microsoft billionaire Bill Gates, whose net worth is said to be a whopping $79 billion and who daily earns an additional $20 million on interest alone, advised those living in extreme poverty to get a hen house.

Jun 09 12:34

‘All China’s assets in the US might be annulled‘, warns ex-BoE chief, urging countries to diversify

Washington may be forced to renege on its huge debt to Beijing under catastrophic circumstances, says the former head of the Bank of England Mervyn King. He suggests governments could mitigate risk by diversifying their assets.

Webmaster's Commentary: 

"Those eeeeevil Chinese MADE us do it!" -- Official White Horse Souce

Jun 09 11:29

Real Silver Vs. Debt Paper

Jun 09 10:34

Jim Grant - We Live In the Fed's World

Jun 09 10:02

Kill List: Smashing the 'B' in BRICS

The stakes could not be higher. Not only the future of the BRICS, but the future of a new multipolar world is in the balance. And it all hinges on what happens in Brazil in the next few months.

Jun 09 09:58

Frm BBC Journalist: Why Bilderberg Won't Allow BREXIT

Webmaster's Commentary: 

It is possible that even if the people vote for the BREXIT, Parliament will bow to their masters the money-junkies in Brussels and sell the British people into foreign servitude.

Of course, the last British ruler with that kind of arrogance was Charles I.


Jun 09 09:12

If I Were a Democrat

First, I would be ready to stick it hard to the big New York banks for what they did leading up to 2008-10.Everyone is ready to do this. Why should Democrats not be on this bandwagon? Hillary Clinton is obviously on the take. Nobody gets $675,000 from Goldman Sachs for three speeches because of the content of the speeches. Nobody who is as charisma-challenged as Hillary Clinton gets as much as $2,500.

Jun 09 09:06

Oklahoma Police Can Seize Your Entire Bank Account on a Traffic Stop Without Any Charges

The one state that has gone complete anti-democratic is Oklahoma. It is wise not to travel in that state at all. Oklahoma should be on a no-fly zone. Now, Oklahoma police can outright seize everything you have from debit cards to bank accounts on a traffic stop without any criminal charges being filed. If some policeman thinks you’re doing something illegal, your life is over. Without money, you cannot hire a lawyer and they can just rob everything you have on a whim.

Jun 09 09:06

McDonald's says bigger fonts cooked up improved profits

Do you want better legibility with that? It sounds cheesy but bigger writing sells more fries

Jun 09 07:23

Soros Returns To Trading With "Big, Bearish" Bets On Economic Turmoil

One month ago, we were stunned to report that none other than billionaire Carl Icahn had taken the net exposure of his hedge fund, Icahn Enterprises, from a modest net 25% short - his recent negative bias on the market was hardly a secret - to a practically apocalyptic, 149% net short which is about as close to betting on a market crash as one could get.

Jun 09 07:20

Goldman Crushes Democrat's Dreams: Shows Obamacare Has Cost "A Few Hundred Thousand Jobs"

We suspect Lloyd Blankfein will be receiving a call from The White House (or Treasury) very soon as Goldman Sachs' economists did the unthinkable in the age of political correctness - while investigating the state of under-employment in America, the smartest people in the room found that ObamaCare has led to a rise in involuntary part-time employment, estimating that "a few hundred thousand workers" have been forced to cut hours and has "created disincentives for full-time employment."

Webmaster's Commentary: 

Jun 09 07:18

Deutsche Bank's Shocking ECB Rant: Warns Of Social Unrest And Another Great Depression

In early February, in a post titled "A Wounded Deutsche Bank Lashes Out At Central Bankers: Stop Easing, You Are Crushing Us", we showed just how vast the feud between Europe's biggest - and ever more troubled commercial bank - and the ECB had become. As DB's Parag Thatte lamented then, "ECB rhetoric suggests additional easing measures forthcoming in March. While a fundamental tenet of these measures, in particular negative rates, has been to push investors out the risk spectrum, we remind that arguably the impact has been exactly the opposite." And while the DB analyst has been correct, and now NIRP is widely accepted as a major mistake, the ECB proceeded to not only ease even more just one month after this first DB lament, but in what may have been a direct affront to DB, launched the monetization of corporate bonds, something which as we documented earlier today has now led to the complete disconnect between bonds and underlying fundamentals.

Jun 09 06:23

Gold Bullion Sees UK Demand Rise On BREXIT “Nerves”

Gold bullion is seeing increased sales in the UK on BREXIT “nerves” according to Reuters today:

“Demand for bullion bars and coins is rising, with men and women of all ages buying up the safe-haven metal in case of a British exit from the European Union.

Jun 09 05:58

US Economy Priced in Gold

Jun 09 05:27

Why Big Job Misses Are Likely to Continue

Jun 09 02:06

Kermit Had an Excuse... But Americans Do Not

Jun 08 22:24

Houthi forces seize 58 kilos of hashish bound for Saudi Arabia

The Houthis are gettin the Saudis were it really hurts. They ripped off their hash! Must be some really good $h!t cause the Saudis hit em back with airstrikes!

The Houthi forces caught a group of smugglers in the Saada Governorate on Wednesday and confiscated 58 kilos of their hashish that was bound for Saudi Arabia.

In response to the seizure of these drugs, the Saudi Air Force launched several airstrikes over the provincial capital of the Saada Governorate.

Jun 08 18:18

Soros Betting Big On EU Collapse

Jun 08 17:54

Francis Koster: Rescuing Your Local Economy

Jun 08 17:54

Sorry, Janet… But You’re No Hero

Jun 08 17:53

Debt Buyers Purchase Debt From Banks and Hunt You Down: “Pay Up or Will Eat Your Dog”

Thousands of Americans are now getting caught up in modern day debtors’ prisons as private collectors drag people into the courts where they are ill-prepared to clear their name or get off the hook. Instead, from time served, to fees, penalties , interest, liens, and lasting debt, if you become too poor to pay up, the judicial and consumer industries often consider you fair game for their version of justice – truly the most dangerous game.

Jun 08 17:41

Americans will hit $1 trillion of credit card debt by end of year…

American taxpayers are quick to criticize the federal government for its ever-increasing national debt, but a new study released Wednesday found taxpayers are also saddled with debt, and are likely to end 2016 with a record high $1 trillion in outstanding balances.

Jun 08 17:31

Feds spend nearly $20,000 to settle every refugee

Federal taxpayers are on the hook for nearly $20,000 just to settle each refugee and asylum seeker, who are then immediately eligible for cash welfare, food stamps, housing and medical aid, according to a new report on the "refugee industry."

Jun 08 17:25

A Bearish George Soros Is Trading Again

After a long hiatus, George Soros has returned to trading, lured by opportunities to profit from what he sees as coming economic troubles.

Jun 08 17:08

Bilderberg Leak: Secretive Group to Discuss Internet ID, Global Tax

The secretive Bilderberg Group is set to discuss plans to implement an Internet ID to eviscerate anonymity on the web as well as a global tax on financial transactions and air travel, according to an inside source

Jun 08 17:04

You’re paying big, fraudulent Obamaphone bills

If that hefty cellphone bill you pay every month so that you can keep in touch with family and keep business running smoothly sometimes makes you twitch, you’re not going to like this story at all. Remember all those voters Obama got by handing out free cellphones? Well, they’re costing taxpayers, many of whom are dealing with hundreds of dollars in cellphone bills themselves, a boatload of money.

Jun 08 15:49

The Federal Reserve Is Pushing the Economy To “The Verge of Final Implosion”

By design, America is going down. But the nation’s dumbed-down population is slow to catch on to the subtle mechanisms of control that have allowed the Wall Street 1% to completely dominate all other aspects of the economy, and usher in controls on every transaction made in the digital world. If it were a movie plot with scary music things couldn’t be more twisted. As noted, the Fed was set-up to destroy the U.S.

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA