ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Feb 07 16:12

WH Petition: Create More Jobs By Eliminating Laws Against Bitcoin and Digital Currency Traders and Exchangers

This petition is for President Trump to immediately sign an Executive Order to exempt all Bitcoin and Digital Currency(Cryptocurrency) traders and exchangers from the existing Money Service Business(MSB) and Money Transmitting Business(MTB) laws and regulations.

There are many benefits that could come from this Executive Order, some of them are.....

Feb 07 15:52

Trump plans new government help for historically black colleges after charges of racism that 'really bother' him

President Donald Trump's administration is looking at ways to ease the regulatory burden on historically black colleges and funnel more money to them through an executive order that is in the early stages of preparation.
The executive order will cement support for Historically Black Colleges and Universities (HBCUs) as a priority of the Republican president who's statements about his predecessor's birth place have been widely interpreted as racist.

'I think at its core these charges of being racist, I think they really bother him,' a person familiar with the administration's outreach told DailyMail.com. 'I think there's a sincerity to engage.'

Webmaster's Commentary: 

I have a friend who's mom was giving birth here on Oahu, and Barak Obama's mom, was in the next room, giving birth to Barak Obama. Yes, President Trump had his information wrong.

And at this point in US law, no one who was born in a foreign country is eligible to be president of the United States, until those laws are changed by Congress.

That having been said, I applaud him for this move, if, in fact, it goes ahead.

And of course, not one PEEP on this from the presstitutes in the US; I had to read this, and post it, from a foreign blog!!!!

But IF this info is true, I will say, "Bravo, President Trump, well done!!"

Feb 07 15:47

Inflation is back – good news for gold!

Feb 07 15:35

Army Preps for Urban Warfare in MegaCities: “Mass Migration, Disaster and Inner-City Turmoil”, by Mac Slavo

There will be war in the streets of America. Things have been engineered that way.

The scenarios are many, the issues are complex. The current anger from the left, who are violently protesting against President Trump, is just one aspect of it.

But the Pentagon and the U.S. national security structure is increasingly looking towards the shifting demographics around the globe – people have moved from rural areas, and shifted into cities. Where ever conflict stirs, there will be a need for military and SWAT response to the call. Entire cities will be locked down; door to door sweeps will often have violent ends.

Baghdad could be brought home to the streets of America, and the military already knows it.

The powers that be are deeply concerned about the unfolding situations with migrants, illegal immigrants, potential terrorists, political factions, violent protests, arson and riots.

Webmaster's Commentary: 

I don't want to be awarded the "Mrs. Chicken Little from Oahu" prize for making this statement; however, if the US military is preparing for this, you should definitely should be getting prepared for this also.

Make sure you have storable food, and potable water; also, extra medication for yourself, the people you care about, and your pets.

Have a bug-out kit, and create a plan for what you will do, and where you will go, if the excrement hits the ventilator. Make sure your car has no less than half a tank of gas at all times.

If at all possible, do not use public transportation; the people in those buses will be easy to control at gunpoint, and may not be allowed to go home for a very, very long time.

If you have kids in school, make sure you understand the school's policies about releasing children during regular school hours, and who should be authorized to actually pick them up, and what the process is, if it is not one of their parents.

Make sure you have a way of protecting home and the people you care about with which you are comfortable.

And finally, find like-minded people close by with whom you can cooperate, during a crisis, and see what you can barter among yourselves, to get things done.

This is simply prudent, and practical.

Feb 07 15:31

Penske Vehicle Services to lay off up to 166 workers in Michigan

Penske Vehicle Services will lay off up to 166 employees at its Warren, Detroit, Milford, Pontiac, Grand Blanc and Lansing sites, according to a notice filed with the state. A filing under the federal Worker Adjustment and Retraining Notification Act said the permanent layoffs, effective April 1, resulted from loss of a contract with General Motors to provide certain fleet and transportation services to GM.

Troy-based Penske Vehicle Services is owned by Penske Automotive Group Inc. (NYSE: PAG), Penske Truck Leasing Co., LP, Penske Corp. and Gates Group Capital Partners LLC, according to its website.

Feb 07 15:24

IRS Travel Ban For U.S. Citizens: “Due Process Undermined Significantly”

As emotions intensify over Trump’s recent immigration ban, the State Department and IRS have quietly used it as a smokescreen to roll out a new policy that targets U.S. citizens for unpaid taxes.

The passports of these individuals can now be revoked and their citizenship status undermined at the behest of one of the government’s most corrupt agencies. By granting the Internal Revenue Service control over passports, due process has been significantly undermined. The shield of protection that U.S. citizenship used to represent has transformed into an inescapable brand of ownership. The desperate financial condition of the federal government will only worsen in the future, forcing it to further consume its own people’s wealth in order to survive.

Webmaster's Commentary: 

This is a very nasty development, and demonstrates how seriously desperate US government is for money, having taken a stand like this.

Look for a huge jump in the use of fake passports and IDs in the very near future, to get around this.

Feb 07 15:07

Why Corporate America Has Conniptions about Trump’s H-1B Visa Reform

“This is now standard practice in the technology industry.”

Feb 07 13:30

Utah Getting Ready To Dump The Fed Dollar & Make Gold & Silver Legal Tender

Job numbers are out and they are just as manipulated as before, not much has changed. Unemployment rises to 4.8%."Not In The Labor Force" Plunge By A Record 736,000.

Feb 07 12:18

Keiser Report: Financial Sector Tapeworms

Keiser Report, Max and Stacy discuss the financial sector tapeworms.

Feb 07 11:49

Trump: Federal Reserve Must Stop Ripping Off Americans

President Trump has put the Federal Reserve on notice for violating the new administration’s America First policy, claiming the central bank has been operating illegally and ripping off Americans.

Feb 07 11:11

TRILATERAL COMMISSION MEMBER APPOINTED TO NATIONAL SECURITY COUNCIL

According to a White House press release, the first member of the Trilateral Commission has entered the Trump administration as the Deputy Assistant to the President for International Economic Affairs, where he will sit on the National Security Council:

Kenneth I. Juster will serve as Deputy Assistant to the President for International Economic Affairs. He will coordinate the Administration’s international economic policy and integrate it with national security and foreign policy.

Juster was appointed by National Security Advisor Michael T. Flynn, formerly a U.S. Army lieutenant general and Director of the Defense intelligence Agency.

Webmaster's Commentary: 

As reported by ProjectCensored.org, and part of the hidden history of the Obama Administration:

The concept of “undue influence” comes to mind when considering the number of Trilateral Commission members in the Obama administration. They control the areas of our most urgent national needs: financial and economic crisis, national security, and foreign policy. The conflict of interest is glaring. With 75 percent of the Trilateral membership consisting of non-US individuals, what influence does this super-majority have on the remaining 25 percent? For example, when Chrysler entered bankruptcy under the oversight and control of the Obama administration, it was quickly decided that the Italian carmaker Fiat would take over Chrysler. The deal’s point man, Treasury Secretary Timothy Geithner, is a member of the Trilateral Commission. Would you be surprised to know that the chairman of Fiat, Luca di Montezemolo, is also a fellow member? Congress should have halted this deal the moment it was suggested. Many European members of the Trilateral Commission are also top leaders of the European Union. What political and economic sway do they have through their American counterparts? If asked, the vast majority of Americans would say that America’s business is its own, and should be closed to foreign meddlers with non-American agendas. But, the vast majority of Americans have no idea who or what the Trilateral Commission is, much less the power they have usurped since 1976, when Jimmy Carter became the first Trilateral member to be elected president (Project Censored Story #1, 1976). In light of today’s unprecedented financial crisis, they would be abhorred if they actually read Zbigniew Brzezinski’s (co-founder of the Commission with David Rockefeller) statement from his 1971 book, Between Two Ages: America’s Role in the Technetronic Era, which states that, “The nation-state as a fundamental unit of man’s organized life has ceased to be the principal creative force: International banks and multinational corporations are acting and planning in terms that are far in advance of the political concepts of the nation-state.” Yet, this is exactly what is happening. The global banks and corporations are running circles around the nation state, including the United States. They have no regard for due process, Congress, or the will of the people. Why have the American people been kept in the dark about a subject so great that it shakes our country to its very core? The answer is simple: The top leadership of the media is also saturated with members of the Trilateral Commission who are able to selectively suppress the stories that are covered.

Folks, with this latest appointment of someone who most generally does not give a rat's anus as to what actually happens to average working Americans, and appears to be in deep with the American Deep State, color me....more than a little concerned here.

This appointment is certainly NOT a victory for We the People.

Feb 07 10:56

EXPROPRIATION AND IMPOVERISHMENT: "CAPITALIST" GREECE AND "SOCIALIST" VENEZUELA

Neocolonial "capitalist paradise" or crony "socialist paradise": the net result is the same: expropriation and impoverishment.

Yesterday I noted that not all assets will make it through the inevitable financial re-set. ( Which Assets Are Most Likely to Survive the Inevitable "System Re-Set"?)

Those that are easy to expropriate will be expropriated, and those assets vulnerable to soaring taxes, inflation and currency devaluation will also be hollowed out.

There are two real-time examples of these dynamics we can profitably study: "capitalist" Greece and "socialist" Venezuela. Both nations have impoverished their citizenry to preserve an oligarchy and its cronies.

Feb 07 10:37

WHY ARE THE WORLD’S TECH BILLIONAIRES BUILDING UNDERGROUND DOOMSDAY SHELTERS IN NEW ZEALAND?

MORE THAN 13,000 AMERICANS REGISTERED TO BUY A HOME IN NEW ZEALAND — 17 TIMES THE USUAL RATE — IN THE WEEK AFTER DONALD TRUMP WAS ELECTED PRESIDENT.

Feb 07 09:25

DAMNING VERDICT: Greece will CRUMBLE under debts - IMF anger at eurozone austerity targets

TROUBLED Greece will buckle under the weight of its huge debts, which are highly unsustainable over the longer term, according to damning analysis of the eurozone's bailout by the International Monetary Fund (IMF).

Austerity measures and biting reforms pushed on Athens by its neighbouring creditors are taking a heavy toll on the country, combined with high poverty and unemployment, said the Washington-based fund.

Feb 07 09:11

Greece braces itself for 'rupture' as politicians plot £74bn Grexit default plan

GREEK politicians are calling on Prime Minister Alexis Tsipras to default on EU bailouts and renegotiate with their lenders.

Feb 07 08:13

Presidential Executive Order on Core Principles for Regulating the United States Financial System

It shall be the policy of my Administration to regulate the United States financial system in a manner consistent with the following principles of regulation, which shall be known as the Core Principles:

Feb 07 07:34

Big Victory for Kentucky Coal Miners: Rand Paul's Bill To Overturn Coal Industry Regulation Passes Senate, Heads To President Trump's Desk For Signature

The Stream Protection Rule's provisions included prohibiting coal mining within 100 feet of streams (with limited exceptions) and shutting down surface mining if an animal species that is merely being proposed for listing as endangered or threatened is present in or near the mine. It also allows federal bureaucrats to preempt and overrule state permitting standards. The National Mining Association estimates that the Rule endangers one third of coal-related jobs and could cost billions in lost federal and state tax revenue.

Feb 07 07:33

Gold Prices Rising Mean “Impending Market Volatility”

Gold prices rising & up 6.6% YTD

Feb 06 17:23

A Challenge To Elaine Chao, Mitch McConnell's Wife, New Head of DOT, To Ride In An Actual Big Rig For 2 Days Like Obama's Dingbat DOT Chief Did

Four years ago, this dingbat woman who Obama appointed to head the FMCSA (Federal Motor Carrier Safety Administration) was pressured during Congressional hearings and persuaded to actually ride in a big rig with a professional driver for a few days to see what the actual business of interstate commerce is like. Thats the problem with all these political hacks and 'swamp-dwellers,' they regulate businesses to death with all of these retarded and inane rules, but they usually don't know anytbing about the actual business. To her credit, she actually did it, and afterwards described it as "A SMACK IN THE FACE, very enlightening" and has given her "a much different and a much clearer view" of what trucking was really like. I hereby extend the exact same invitation to President Trump's new head of Dept. of Transportation, Elaine Chao. She is the consumate Washington insider, Senator Mitch McConnell's wife and two time Bush apointee. Wbad'ya say. Elaine? Do you even own a pair of jeans?

Feb 06 16:37

Shock Poll Shows Merkel Losing Chancellorship If Elections Held Today; JPMorgan Stunned

Overnight we reported that Germany's default swaps spiked to the highest level since Brexit as a recent poll showed that Merkel's lead in the polls had slid to multi-year lows ahead of Germany's elections later in the year, provoking some concerns that a formerly unthinkable "tail risk" outcome was becoming more likely. However, according to new data unveiled today, Merkel's headaches are only just starting, because in a brand new poll released this afternoon, the CDU would get 30% of the vote, while the suddenly resurgent SPD would get 31%. This means that the SPD's new head, Martin Schulz, would enter any coalition talks as the leader of the largest party, hence becoming Chancellor, leading to a stunned reaction by JPMorgan.

Webmaster's Commentary: 

Chancellor Merkel has brought this upon herself, and her party, by embracing a completely broken, not thought through, and thoroughly failed, immigration policy.

She has no one else to blame.

If she manages somehow to hang on to power in this next election, it will be nothing short of a miracle.

Feb 06 16:31

California Senate Leader Admits: "Half Of My Family" In Country Illegally With "False Social Security Cards"

In testimony provided before the California Senate's Public Safety Committee, Senate President Pro Tem Kevin De Leon (D-Los Angeles) decided to admit that "half of his family" is residing in the United States illegally and with the possession of falsified Social Security Cards and green cards. Lest you think we're exaggerating, here is the exact quote:

"…I can tell you half of my family would be eligible for deportation under [President Donald Trump’s] executive order, because if they got a false Social Security card, if they got a false identification, if they got a false driver’s license prior to us passing AB60, if they got a false green card, and anyone who has family members, you know, who are undocumented knows that almost entirely everybody has secured some sort of false identification. That’s what you need to survive, to work. They are eligible for massive deportation."

Webmaster's Commentary: 

Forgive me, but the Senator thinks this practice is just fine, when illegal ID is used?!?

And this is completely "morally acceptable" to Senator De Leon?!?

I have a suggestion for the California government; don't become a "sanctuary state", completely declare yourself a "sanctuary country" of your own, and let's see just how wonderfully such a situation will work out for you economically.

It will be an interesting "noble experiment"!!!

Feb 06 16:14

BRACE YOURSELF: THE DEBT APOCALYPSE LOOMS

Feb 06 15:59

Soros-Multi-Billionaire Hedge Fund Tycoon and Int’l Political Pot-Stirrer, on the ROPES

Although multi-billionaire hedge fund tycoon and international political pot-stirrer George Soros lost big with the election of Donald Trump as president of the United States and the victory of the Brexit referendum in the United Kingdom, he stands to lose further ground, politically and financially, as the winds of political change sweep across the globe.

Soros, who fancies himself as the master of placing short put options on stocks, often cleaning up to the tune of billions of dollars in the process when the stock values collapse, has been dealt a few financial body blows.

Feb 06 15:24

European Central Bank head warns on Trump deregulation push

The head of the European Central Bank expressed concern about the Trump administration's moves to relax financial oversight, saying such deregulation helped pave the way for the global financial crisis.

Feb 06 14:41

New Hampshire Committee Passes Bill To Decriminalize Industrial Hemp

By Mike Maharrey

A New Hampshire House committee unanimously approved a bill that would remove the state ban on industrial hemp, setting the stage to nullify federal prohibition on the plant in practice.

A coalition of three representatives and two senators prefiled House Bill 151 (HB151). The legislation would simply remove industrial hemp from the state’s list of controlled substances. This would open the door for a full-scale commercial hemp market in the state by treating it as any other crop for farming...

Feb 06 14:24

Governor Scott Walker Attacks Wisconsin’s Working Poor

Wisconsin Republican Governor Scott Walker has begun a statewide tour with the former Governor Tommy Thompson to promote a so-called welfare reform measure, which is included in Walker’s 2017-2019 state budget proposal. The governor titled his new program Wisconsin Works for Everyone, and has pushed the usual and customary right-wing buttons to demean and slander the working class and the poor. At a Milwaukee news conference, Walker said, “We fundamentally believe that public assistance should be a trampoline not a hammock.”

Feb 06 12:57

BEBE TO SHUTTER 25 STORES

Feb 06 12:56

German Default Risk Spikes To Highest Since Brexit As Merkel Lead Plunges To Multi-Year Low

Germany’s Social Democrats narrowed the gap with Chancellor Angela Merkel’s bloc to the closest in more than four years, reinforcing a poll bounce after they chose outsider Martin Schulz to challenge Europe’s longest-serving leader. As Bild reports, the 6-point surge in opposition support was the biggest ever recorded for the party... and may explain why German sovereign risk spiked to its highest since Brexit.

As Bloomberg reports, support for the SPD jumped 8 percentage points to 29% from a month earlier, the highest level since the last election in September 2013, according to the Infratest-Dimap for broadcaster ARD. Merkel’s Christian Democratic-led bloc, known informally as the Union, slid 3 points to 33%. Half of those surveyed would support Schulz if the chancellor were elected directly, compared with 34% for Merkel.

Feb 06 12:56

Grexit 4.0? Varoufakis Urges Tsipras: Ditch Negotiations, Adopt "Parallel System"

In his article, Varoufakis suggested that Schaeuble’s strategy is to lead Greeks to the point of exhaustion so they ask to leave the euro themselves.

Noting that the “parallel payment system was already designed in 2014”, Varoufakis stresses that Tsipras had “two delusions” that led the government to the current impasse:

a. that on the night of the referendum, the dilemma was between Schaeuble’s Grexit Plan and the 3rd bailout

b. that the obedience to the 3rd bailout could be political manageable through a parallel, society-friendly program.
Both of these “working assumptions” were based only on autosuggestion, the ex finance minister stresses adding that he tried to explain this to the Prime Minister on the night of the referendum

Feb 06 12:54

America's Biggest Companies Are Slashing Jobs At The Fastest Rate Since The Financial Crisis

Just last week, Americans were reassured (twice) that everything is awesome in the US labor market as ADP and BLS data showed jobs-jobs-jobs everywhere. However, along with wage stagnation (and a rising unemployment rate), there is a bigger problem, as Deutsche Bank warns, aside from soft earnings, hiring at America’s biggest companies is slowing down for the first time since 2010.

Casting some serious doubt on just how strong the hiring environment is, Yahoo's Myles Udland notes that Deutsche Bank illustrates that employment at big US companies is plunging for the first time since the recession.

Feb 06 10:08

Arizona House Committee Passes Bill To Support Sound Money

An Arizona bill that would eliminate state capital gains taxes on gold and silver specie, and encourage its use as currency, passed an important House committee this week. Final approval of the legislation would help undermine the Federal Reserve’s monopoly on money.

Feb 06 09:23

ROTHSCHILD BANK NOW UNDER CRIMINAL INVESTIGATION OVER MISSING $4 BILLION IN GLOBAL CORRUPTION PROBE

Last year the veil of invincibility seemingly came off the secretive Rothschild banking empire, as Baron David de Rothschild and his company the Rothschild Financial Services Group were indicted by French prosecutors for allegedly defrauding British pensioners in a scheme that saw large sums of money embezzled.
Only two months ago, we reported on the Swiss branch of the Edmond de Rothschild Group announcing that they were the target of a French criminal probe “regarding a business relationship managed by a former employee.”

Now, the Luxembourg unit of Rothschild banking empire is being investigated by the Luxembourg state prosecutors office — alleged to have sent hundreds of millions of dollars to an account at a bank in Luxembourg that originated from 1Malaysia Development Berhad (1MDB).

Webmaster's Commentary: 

One has to wonder what will happen at the end of the day with this case; most likely, at the end of these investigations, there will be a slap on the royal wrist, coupled with an admonition to "never do it again".

Unfortunately, however, the only way to really prevent such heinous behaviour is for the governments investigating these crimes, if in fact, institutions are convicted of them, is to throw the collective backsides of those who signed off on these practices in jail, and NOT into the European equivalent of a Club Fed.

Feb 06 09:14

DEBT APOCALYPSE BECKONS AS U.S. CONSUMER BANKRUPTCIES DO SOMETHING THEY HAVEN’T DONE IN ALMOST 7 YEARS

When debt grows much faster than GDP for an extended period of time, it is inevitable that a good portion of that debt will start to go bad at some point. We witnessed a perfect example of this in 2008, and now it is starting to happen again. Commercial bankruptcies have been rising on a year-over-year basis since late 2015, and this is something that I have written about previously, but now consumer bankruptcies are also increasing. In fact, we have just witnessed U.S. consumer bankruptcies do something that they haven’t done in nearly 7 years. The following comes from Wolf Richter…

US bankruptcy filings by consumers rose 5.4% in January, compared to January last year, to 52,421 according to the American Bankruptcy Institute. In December, they’d already risen 4.5% from a year earlier. This was the first time that consumer bankruptcies increased back-to-back since 2010.

Webmaster's Commentary: 

At every level, now is absolutely not the time for complacency.

Please; pay down as much of your debt as is reasonably possible; every time there is a raise in the Fed rate, no matter how microscopic, it probably means that the interest in your credit card is going to rise as well.

Have no more money in your checking account than you need to pay your bills; make sure you have precious metals on hand, just in case the economic excrement does hit the ventilation shaft. If we are, in fact, looking at an impending economic apocalypse, things are likely to go very badly very quickly, with very little warning whatsoever.

Prep, prepare, and have a very good plan for what you need to do to protect yourself, and those you care about, including having a bug-out bag; long-term storable food and water; and extra medications for yourselves and your pets.

IF you have kids in school, pay very close attention to what the policies and procedures are if you believe you need to get your children out of school very quickly, for whatever reason.

All the above is prudent, responsible, and necessary right now.

Feb 06 08:25

Pension Tsunami

The oncoming wave of public pension debt is even bigger than it seems. The purpose of this website is to provide an overview of the multiple pension crises that are about to drown America's taxpayers. Our primary focus is on California, but we also track other states, corporate pensions, social security and international trends.

Webmaster's Commentary: 

Pensions are in serious trouble going back to at least 2008. The latest push is for government to seize 401Ks and pour that money in to save the pensions .... but without changing the management that broke them in the first place.

Feb 06 07:20

Coffee Company Responds To Starbucks, Pledges To Hire 10,000 Veterans

Shortly after Starbucks CEO Howard Schultz penned a letter in which he promised to hire 10,000 refugees over the next five years in the aftermath of Trump's immigration executive order, a veteran-run coffee company has issued a rejoinder to Starbucks, promising to hire 10,000 veterans itself according to Fox News.

Black Rifle Coffee Company, or BRCC, which describes itself as a “premium small-batch, roast to order, veteran owned and operated coffee company” responded to Starbucks - or “Hipsterbucks” as they call the global coffee chain - announcing a pledge via Instagram to hire 10,000 veterans. This is what CEO Evan Hafer tweeted on Wednesday.

Feb 05 09:14

Silicon Valley Hubris Knows No Bounds: There’s a Lot More at Stake in this IPO than Just Toxic Financials

Silicon Valley hubris seeks third-class vote-less stockholder.

Feb 05 08:43

Franklin Roosevelt - Executive Order 6814—Requiring the Delivery of All Silver to the United States for Coinage

By virtue of the authority vested in me by the Silver Purchase Act of 1934 and of all other authority vested in me, I, Franklin D. Roosevelt, President of the United States of America, do hereby require the delivery of all silver situated in the continental United States on the effective date hereof, by any and all persons owning, possessing, or controlling any such silver, and do hereby require any and all persons owning, possessing, or controlling any such silver to deliver the same in the manner, upon the conditions and subject to the exceptions herein contained, such action being in my judgment necessary to effectuate the policy of the Silver Purchase Act of 1934. . . .

Section 2. Silver required to be delivered..–There shall be delivered in accordance with the terms of this order all silver situated in the continental United States on the effective date hereof

Webmaster's Commentary: 

Friday I commented on how Roosevelt confiscated gold but not silver. An alert reader has pointed out my error. Apparently following the confiscation of gold, Roosevelt did confiscate certain categories of silver.

Feb 05 08:16

Deutsche Bank fined for $10 billion sham Russian trades

Deutsche Bank (DBKGn.DE) has agreed to pay $630 million in fines for organizing $10 billion in sham trades that could have been used to launder money out of Russia, the latest in a string of penalties that have hammered the German lender's finances.

In two detailed reports, U.S. and British regulators criticized the bank for not knowing the customers involved or the source of money for the trades, which helped buoy revenue during a slowdown following the global financial crash.

Feb 05 08:12

Game-changers ahead on the (long) Maritime Silk Road

Despite the Pentagon's predictably shrill notes, both China and India are only interested in making deals to expand and protect their supply chains

Feb 05 08:04

Italy Increasingly Likely To Abandon The Euro

An analysis of the political setup in Italy shows eurosceptics are on the verge of taking control of the country.

The only missing ingredient is an early election. And early elections are now the odds-on favorite.

Let’s back up a bit to fill in the pieces as to how things got to this point.

Feb 04 21:13

Beyonce’s Clothing Line Is Paying Sweatshop Workers 54 Cents/Hour, Sources Say

Beyonce’s Ivy Park apparel line is still abusing factory workers in Sri Lanka, according to more claims disclosed over the weekend. The clothing line, which preaches female empowerment, is paying women approximately 54 cents an hour.

Feb 04 20:00

Big Time Price Inflation Coming - Ron Paul Interview

Congressman Ron Paul is with us today to discuss the actual situation of the politics and economy regarding the precious metals market and why people are loosing confidence in the dollar.

Feb 04 14:16

Are We Facing A Greater Depression or Weimar HyperInflation?

As the monetary magic show continues to unfold it seems our options are running thin as to how our economies can pull out of this ongoing illusion.

Feb 04 13:21

This important chart shows why gold could hit $6,000 by 2019

“You’re crazy, buying gold now!”

Feb 04 12:44

Markets Smell a Rat as Central Banks Dither

NIRP is dying.

Feb 04 10:34

A Large Crack Appeared In The Global Market…. And No One Noticed

The global markets were humming right along until a large cracked appeared in 2015. This big crack in the global economy seemed to go unnoticed, however the implications are quite serious if the trend continues.

Feb 04 08:48

WALL STREET ANDTHE RISE OF HITLER

Since the early 1920s unsubstantiated reports have circulated to the effect that not only German industrialists, but also Wall Street financiers, had some role — possibly a substantial role — in the rise of Hitler and Naziism. This book presents previously unpublished evidence, a great deal from files of the Nuremburg Military Tribunals, to support this hypothesis.

Feb 04 05:50

Dept. Of Transportation Warns: "Tesla's Autopilot Requires The Continual And Full Attention Of The Driver"

The National Highway Traffic Safety Admnnistration, under the U.S. Department of Transportation, has issued its official report on the crash of a Tesla so-called "Auto-pilot" vehicle which crashed into a big rig last summer. While the corporate media has tried to merely blame driver error, the very first line of the actual NHTSA report admits that the vehicle may not functioned as designed: "Problem Description: The Automatic Emergency Braking (AEB) or Autopilot systems may not function as designed, increasing the risk of a crash." The NHTSA continually emphasizes throughout the report that "Advanced Driver Assistance Systems, such as Tesla's Autopilot, require the continual and full attention of the driver to monitor the traffic environment and be prepared to take action to avoid crashes." They conclude noting "The closing of this investigation does not constitute a finding by NHTSA that no safety-related defect exists."

Feb 04 05:00

"We're Determined To Deliver More Opportunity, Jobs And Safety For The African American Citizens!

This week in President Donald Trump's weekly address to the nation he talks about Black History month and his Administration's commitment to helping "the African American citizens of our country".

Feb 04 04:11

Colleges have become sissy farms

Feb 03 17:09

Bill Gross Says January Jobs Report Is 'Schizophrenic'

Bill Gross, fund manager at Janus Capital, reacts to the U.S. January jobs report and talks about his skepticism that real U.S. GDP growth can reach 3-4 percent.

Feb 03 15:28

Let’s call a shovel a spade

There is no such thing as ‘shovel ready’ sitting on someone’s shelf waiting to go. With Trump’s construction background, he knows that and after exposure of Obama’s empty ‘shovel ready’ shelf, the Democrats know that. Repairing a creaky infrastructure requires substantial engineering for development of documents that the shovel wielders can bid on which will take a minimum of two to three years to even be bid-ready.

Feb 03 15:26

The Central Banks Face Unwelcome Realities: Their Policies Boosted Wealth Inequality and Failed to Generate "Growth"

Rather than be seen to be further enriching the rich, I think central banks will start closing the "free money for financiers" spigots.

Feb 03 14:25

It’s Time We Talked About Our Owners

How vast asset managers impact “our increasingly cartelized economy.”

Feb 03 13:53

Trump Just Declared Open Season on Suckers

The president is framing his deregulation plan as a way for consumers and bankers to enjoy more freedom. Because, you know, that worked so well the last time around.

Feb 03 13:26

The “Other” Dow Theory Is Waving A Red Flag

While the Dow Industrials remain near all-time highs, the Utilities are well off of their highs; this has signaled trouble in the past.

Feb 03 13:18

Is Trump Setting His Sights On The Federal Reserve To Expose It?

Brazil's unemployment creeps up. US continuing initial claims continually rises.

Feb 03 13:04

Inflationary fears could soon return

Inflation is quietly ticking higher across most of the world’s major economies.

Feb 03 13:02

China’s demand for gold can’t be met

A couple of weeks ago, I was in Toronto meeting with gold industry experts. One night, I spoke with a man who has been in the gold business for over 45 years.

For over four decades, this man has bought and sold gold. He has bought and sold gold mining shares. He has bought and sold gold mines. During this time, he has also worked with the Chinese government, Chinese industry and Chinese investors. He knows a few things about gold, and about Chinese gold.

Feb 03 12:43

This bond bull isn’t dead yet

“The bond bull market is over!” How many times have you heard that in the past six months? The past year? Or, for that matter, the past five years?

Time and again, the bond bears have declared the bull market over. They just can’t believe U.S. rates can possibly go lower. Time and again the bears have been proved wrong, and the bond market rally continues.

Feb 03 11:07

IRS MOVES TO REVOKE PASSPORTS FOR UNPAID TAXES

Feb 03 10:46

Gold, Platinum on Faber's Radar; Expect 'Year of Disappointments'

Investors may be in for a “year of disappointments” and precious metals may prove to be a useful hedge, this according to famed contrarian investor Marc Faber.

Feb 03 10:44

The problems of the banks have not gone away

Feb 03 10:44

Gold & Silver about to repeat very bullish pattern?

The movie Groundhog’s day, was released back in 1993, starring Bill Murray. Murray plays an arrogant Pittsburgh TV weatherman who, during an assignment covering the annual Groundhog Day event in Punxsutawney, Pennsylvania, finds himself caught in a time loop, repeating the same day again and again.

Feb 03 10:34

U.S. Job Growth Beats Expectations In January, Wages Soft

U.S. job growth surged more than expected in January as construction firms and retailers ramped up hiring, which likely gives the Trump administration a head start as it seeks to boost the economy and employment.

Nonfarm payrolls increased by 227,000 jobs last month, the largest gain in four months, the Labor Department said on Friday. But the unemployment rate rose one-tenth of a percentage point to 4.8 percent and wages increased modestly, suggesting that there was still some slack in the labor market.

Revisions to November and December showed the economy created 39,000 fewer jobs than previously reported. Still, the labor market continues to tighten, which could soon spur a faster pace of wage growth. Federal Reserve officials view the labor market as being at or near full employment.

Webmaster's Commentary: 

Oh, really?!?

At "full employment"?!?

Then how does the Fed account for these numbers?!?

95 million Americans not participating in the labor force as of December, 2016

There is one of two possibilities here; either the Fed, and Reuters, are lying their collective heads off, or the "95 million Americans not participating in the labor force" headline is a lie.

These numbers are mutually exclusive.

Given the propensities of both Reuters and the Federal Reserve to lie to the American people with impunity, I would tend to trust the source for the zerohedge.com article.

Feb 03 09:37

TRUMP TO SIGN EXECUTIVE ORDERS SCALING BACK FINANCIAL REGULATION

On Friday, President Donald Trump plans to sign an executive action to scale back the 2010 Dodd-Frank financial-overhaul law, in a sweeping plan to dismantle much of the regulatory system put in place after the financial crisis. The order won't have any immediate impact. But it directs the Treasury secretary to consult with members of different regulatory agencies and the Financial Stability Oversight Council and report back on potential changes.

"There are quite a few things that we could do on Dodd-Frank ... that we think will have fairly immediate and dramatic impact," the official said, including personnel changes at regulatory agencies and additional executive orders.

Feb 03 08:53

Irreversible Damage - The U.S. Economy Cannot Be Repaired

As I outlined in my article 'The False Economic Narrative Will Die In 2017', the mainstream media has been carefully crafting the propaganda meme that the Trump administration is inheriting a global economy in “ascension,” when in fact, the opposite is true. Trump enters office at a time of longstanding decline and will likely witness severe and accelerated decline over the course of the next year. The signs are already present, and this fits exactly with the basis for my prediction of the Trump election win - conservative movements are indeed being set up as scapegoats for a global economic crisis that international financiers actually created.

Feb 03 08:44

SOMETHING SIMPLE

The biggest "question of importance" referred to in the most revealing quote above is:
WHO GETS TO CREATE MONEY FOR A NATION? ..... ITS GOVERNMENT, INTEREST FREE, OR PRIVATE BANKING CORPORATIONS, THAT "LEND" THE MONEY TO THOSE GOVERNMENTS WITH INTEREST ATTACHED.
AND BURY US ALL IN TOTALLY UNPAYABLE DEBT.

Feb 03 08:35

Guess which major Hollywood studio has suffered a whopping $913 MILLION loss?

THE BOX OFFICE failure of major Hollywood movies like Passengers, Inferno, Arrival and Billy Lynn’s Long Halftime Walk have contributed to Sony Pictures’ epic $913 million (£730 million) loss.

Feb 03 08:31

Work until you DROP! Ministers WILL raise retirement age to 74 - shock Treasury prediction

BRITONS in their 20s face decades of hard work ahead of them as the Treasury predicts the retirement age will rise by 10 years to 74 as the cost of living longer spirals out of control.

Feb 03 07:57

Apple missed deadline for multi-billion euro tax payment to Ireland

American tech giant Apple has not paid all the €13 billion ($13.9 billion) owed to Ireland for receiving illegal tax benefits despite passing the deadline, according to EU competition chief Margrethe Vestager.

Feb 02 17:53

GoPro lost $373 million during its awful 2016

Feb 02 17:42

2016: Snapchat loses $515m... 2017: Snapchat rips veil off $3bn IPO

'AND WE MAY NEVER MAKE A PROFIT,' laughs photo-spaff app maker all way to the bank

Feb 02 17:38

Is America in a Bubble & Will America Ever Return to "Normal"

Analysts and talking heads have an awful lot of opinions. Are we in a bubble or aren't we. Rather than offer another opinion, I'll offer the relationship of US economic activity (GDP) against the Wilshire 5000 (representing US equities) and the Federal Reserves gauge of American wealth, Z1 Household Net Worth series. Then you decide.

Feb 02 15:28

The Market Looks Tired Here and About To Roll Over

We discuss the weak price action of the market, and we think the market is about to roll over and test the 2180-2200 area, we want to stay short into these levels, and see how stocks and the financial markets react to these levels from a stops evaluation basis.

Feb 02 15:18

One Income For All: Far-Fetched, Or Future Fact?

It is a utopian idea, literally, but is enjoying a renaissance as politicians and policy wonks grapple with technology-driven changes that could redefine our very understanding of work.

If robots and machine intelligence threaten to render many white-collar jobs obsolete, then what will people do for money?

Feb 02 15:15

Rents Plunge in Costliest US Cities, Soar in Mid-Tier Cities

Something is afoot.

Feb 02 14:51

The Coming Crisis in Central Banking

The question of when will central banks fail is a popular one that comes in. Suffice it to say, the turmoil will hit Europe first. While so many people blame the Fed for all sorts of things, you must realize that Roosevelt usurped the Fed during the Great Depression and imposed a single interest rate administered from Washington.

Feb 02 14:41

The US Economy Flashed Another Major Warning Sign Of A Depression

UK Parliment authorizes Theresa May to proceed with Article 50. Italian youth unemployment surges to 40%. US adds unexpected 246k jobs in January.

Feb 02 14:38

Car Sales Crash, But It’s Complicated

Despite what you might think, automakers did not “cut back” on fleet sales. But keep an eye on Uber & Lyft.

Feb 02 14:36

As the War on Cash Accelerates, Governments Look to Bitcoin

With India’s recent move toward a cashless society, it’s becoming increasingly clear that a worldwide effort is underway to move away from physical currency, according to Norbert Haering, Ph.D., writer for Germany’s leading business newspaper, Handelsblatt, and author of The Abolition of Cash and the Consequences.

Feb 02 14:13

Andrew Hoffman – Coming Apart at the Seams!

Feb 02 13:41

The biggest threat to stocks (that nobody is talking about)

The biggest threat facing stock market investors today isn’t the sluggish economy, a potential recession, the Trump presidency, potential Fed hikes or even a terrorist attack.

Feb 02 12:49

How critical NAFTA is for Mexico

NAFTA, since its inception has been one of the most controversial trade agreements in the world. In its essence, it was bound to create some disturbances and radical shifts in the economies of the three nations- Canada, USA, and Mexico. However, NAFTA is now mostly discussed because of a seemingly unavoidable trade war between Mexico and US, an unfortunate event for regional and global trade if it happens.

Feb 02 12:29

"This Is Unacceptable" - Congressman Slams Yellen For Prioritizing Foreign Banks Over "America's Interests"

Finally, the Fed is in Trump's sights.

In what may be a harbinger of major headaches to come for the Fed, a recent letter (Jan. 31) penned by Republican representative Patrick McHenry, Vice Chairman of the Financial Services Committee, has lashed out at Janet Yellen, telling the Fed chair in no uncertain terms that "despite the clear message delivered by President Donald Trump in prioritizing America's interest in international negotiations, it appears that the Federal Reserve continues negotiating international regulatory standards for financial institutions among global bureaucrats in foreign lands without transparency, accountability, or the authority to do so."

His assessment of this ongoing activity by the Fed: "This is unacceptable."

Feb 02 12:26

The short seller who nailed Valeant has a new target

Andrew Left sure knows how to pick a fight.

A little more than a year after his improbable takedown of Wall Street darling Valeant Pharmaceuticals, the blustery short seller is at it again. And the head of Citron Research is using the same blueprint as he sets his sights on TransDigm and its founder and Chief Executive Officer Nicholas Howley.

Feb 02 11:49

Bernie Sanders and Rand Paul in a Steel Cage Death Match

Prompted by Senator Paul, Price said that during his days working in a hospital and later when he was in private practice, everyone who turned up was treated even if they could not pay. What Paul and Price neglected to mention is that you’ll still get a bill and God help you if you can’t pay. If you have assets—say, a house, you may have to kiss your house goodbye.

Neither Price nor Paul once uttered the dread word “bankruptcy.” Nor did they hint that medical costs are a leading cause of personal bankruptcies in the US.

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