ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jul 05 10:49

Life Before The Income Tax

By Martin Litwak

If someone from the 17th century came back to life, he or she would be surprised, most of all, by the means of transport and communication tools we use now.

The income tax is another recent invention...

Jul 05 09:32

Why Natural Gas Prices Collapsed

Jul 05 08:16

When Bonds Become Money

Jul 05 05:51

Why Gold is Money: A Periodic Perspective

Jul 05 05:20

Swiss Bank Loses Client’s Gold

Jul 05 04:41

Bad News Is Good News On Payroll Friday

Jul 05 04:29

Is 2019 The New 1987?

Jul 04 19:15

Complexities of 5G and National Security

By Renee Parsons

In case you missed the kickoff, there is an unprecedented ‘must win’ wireless race for the US to cross the 5G finish line before China as alluded to during the recent Senate Commerce Committee oversight hearing on the Federal Communications Commission.

The details were thin with no real discussion on the need for 5G or its complexities including the national security implications...

Jul 04 15:42

Three solid ideas to help you get started

Jul 04 10:07

British Marines Seize Oil Tanker Suspected of Bringing Iranian Oil to Syria

By Jason Ditz

(ANTIWAR.COM) — British Royal Marines seized an oil tanker in Gibraltar on Thursday. They suspected the tanker was headed to Syria, which would be a violation of US and EU sanctions. The Grace 1 oil tanker was believed to have started its journey in Iran...

Jul 04 09:36

U.S. trade deficit surges to five-month high as imports soar

The Commerce Department said on Wednesday the trade deficit surged 8.4% to $55.5 billion. Data for April was revised higher to show the trade gap widening to $51.2 billion instead of the previously reported $50.8 billion. Economists polled by Reuters had forecast the trade gap widening to $54.0 billion in May.

Jul 04 08:59

Australia Lowers Rate to Historic Low of 1%

Jul 04 08:32

Bank of Japan Stealth-Tapers Further

Jul 04 07:47

Which Countries Own the Most U.S. Debt?

Jul 04 07:28

Soaring inventory in Southern California

Jul 03 17:58

How hedging your bets can be useful

Jul 03 12:41

The 7 Biggest Regrets for Retirees

Jul 03 11:43

Walmart and Others Train Employees with Virtual Reality Despite Research Proving Harm Caused by It

By B.N. Frank

Research has already proven that Virtual Reality (VR) is not safe. The goggles expose users to harmful (and sometimes blinding) Blue Light and harmful (and sometimes cancerous) Electromagnetic Radiation (EMR) at close-range...

Jul 03 10:47

Catherine Austin Fitts Interviews Patrick Wood On Technocracy

By Catherine Austin Fitts

This is a transcript from an extensive and wide-ranging interview with Catherine Austin Fitts on June 13, 2019. We covered Opportunity Zones, Smart Cities and Technocracy. It is a must-read for everyone wanting to understand the economic side of Technocracy...

Jul 03 10:27

Brexit blow: Canada refuses to roll over EU trade deal for UK - trade officials ‘furious’

The decision not to roll over the Comprehensive Economic and Trade Agreement (CETA) if Britain crashes out of the European Union without a deal on October 31 could have a huge impact on businesses selling goods to the Canadian market. Britain has insisted Canada roll over CETA, even in the event of a no deal Brexit, but the North American country is awaiting the outcome of any further talks between London and Brussels before making a final decision, a source at the Department for International Trade told BuzzFeed News. The same source told the news website British trade officials are “furious” at the embarrassing rejection, having spent the best part of a year trying to convince Canada to extend CETA.

Canada is a major trading partner of the UK, accounting for 1.6 percent of the country’s exports.

Jul 03 08:21

This is Community Service! Instead of Ticketing Them, Cops Cut Grass of Elderly and Disabled Citizens

By The Free Thought Project

Apopka, FL — Last month, TFTP reported the story out of Orono, Minn. in which police officer Matt Siltala was called out to a residence over tall grass. Instead of ticketing the elderly woman who lived in the home and who could no longer mow her grass, Siltala cut her grass for her. Now, it appears that this kindness and community policing is spreading. After all, the best way to lead is by example, and Siltala’s example is hard not to follow.

A group called Raising Men Lawn Care Service RMLCS is an organization who created what they call the 50 yard challenge. The challenge is designed for boys and girls to encourage them to cut 50 yards in their community, for free...

Jul 03 08:06

Mayor of nearly bankrupt Flint, Mich. gave herself a $35,000 raise and just took a taxpayer-funded vacation to Hawaii - 12160 Social Network

More than 250 mayors met in Honolulu from Friday, June 28, to Monday, July 1, for the annual meeting. The meeting was held at the Hilton Hawaiian Village 5-star resort in Honolulu. A one-person, one-night stay costs upwards of $800 per night.

Jul 03 07:43

The Economic Bubble Bath

Jul 03 06:28

Rich get richer, everyone else not so much in record U.S. expansion

NEW YORK (Reuters) - Last month Pink Floyd frontman David Gilmour sold his guitar collection for $21.5 million, including one piece - his famed "Black Strat" Fender Stratocaster - that went for nearly $4 million to the owner of the U.S. National Football League's Indianapolis Colts.

The "Money" singer set a musical instrument sales record in the charity auction, marking yet another milestone for a booming market just weeks after New York-based art dealer Sotheby's Holdings, auctioned Claude Monet's "Meules" for $110.7 million, the most ever for an Impressionist painting.

And it is not just instruments or paintings in high demand among the world's billionaire set. Auction houses themselves now appear to be prized vanity purchases: Just a few days before the Pink Floyd auction, Franco-Israeli cable magnate Patrick Drahi, whose firm Altice earned significant money in the United States, made a $3.7 billion bid for Sotheby's, which had just hosted the Monet sale.

Jul 02 20:41

On The Advisory Board Of The Company Charging $750 Per Day To Detain Each Immigrant Child? Kelly, Armitage, Corbin, Hayden, Kerr, Zinni, Loftus.

by Emily Price

Yes, it’s a private company called Comprehensive Health Services (a subsidiary of Caliburn International). CHS operates the largest child migrant detention center, which is in FL and was already getting horrible press — especially from local FL papers — last year. But that didn’t matter, because CHS recently opened up a few more child prisons in TX, as it snagged a new government contract, despite many documented concerns about conditions...

While I can’t name for you the private investors getting rich off of this humanitarian crisis, I can name for you members of the advisory board of DCCP, which approves everything in the portfolio.

First up: Trump’s former Chief of Staff, John Kelly, who was named to the board LAST MONTH, and photographed riding a golf cart into a CHS child prison....

read more here, incl. links to sources & extra credit assignments

Jul 02 18:16

How the Fed Wrecks the Economy Over and Over Again

The bottom line is that we can’t “fix” the economy by electing Republicans or Democrats. We can’t put the country on sound economic footing by tweaking this or that policy in Washington D.C. The only way to put the economy on a sound footing is to deal with the root cause of the problem — the Federal Reserve and its constant meddling. As long as the Fed controls the monetary system, there will never be a “free market” in America. The central bankers always have their fingers on the economic scales.

Jul 02 11:39

Think for Yourself and Question the Benefits of Higher Education

By Logan Smith

Graduation season has once again concluded, and 1.9 million Americans have left college behind and graduated with a bachelor’s degree. The social and cultural pressures to attend college are high, and the financial expense to do so is just as acute. Major presidential candidates gin up their base by empathetically promising to absolve the self-inflicted financial troubles of student loans, blissfully punishing those who made sound financial college decisions. While presidential candidates are showcasing the victims of so-called nefarious student loans, celebrities are bribing university officials with millions of dollars simply to grant their children admission to state schools...

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