ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Apr 30 09:24

Mike Maloney - Bond, Stock and Real Estate Markets Are Insane, China, Russia & India Buying Gold

Precious metals expert Mike Maloney points to what large foreign countries are buying and it gold--lots of it. Maloney explains, says, “Between Russia, China and India, their purchases meet or exceed all worldwide production of gold. Whenever they exceed mining supply, the supply has to come from somewhere, and it’s coming from the West. When the dust settles, the East is going to be very wealthy, and the West is going to be poor.”

Apr 30 06:47

The Fed Goes All In To Crash The Economy

South Korea goes cashless, they are getting rid of coins. Consumer confidence steady despite all the bad news. US spending way down, this makes up 70% of the economy, but American's are buying RV's.

Apr 30 06:32

Great Again? GDP Growth Slows as the Donald Runs into Reality

Looking back on his first 100 days in office, President Trump is realizing that the reality of running the world’s largest economy, biggest and baddest military, and likely most politically divided country in the world right now is much more of a headache than he imagined on the campaign trail.

Apr 29 15:09

The Confidence Game – The Next Crisis

Apr 29 09:14

The High U.S. China Trade Deficit; Does This Indicate A Deformed Trading Relationship Between U.S. And China?

A trade deficit occurs when an economy imports more than it exports. If this persists, it will eventually cause a shift in the exchange rate, making imports more expensive and–crucially–exports cheaper as the "invisible hand" of the price mechanism brings trade back into balance.

Apr 29 08:31

Donald Trump says he's avoided New York City because it's expensive for US

President Donald Trump says he hasn't returned to his New York City home because "going back is very expensive for the country."
Trump tells Fox News in an interview Friday that he feels "guilty" when he returns to Trump Tower because authorities close surrounding streets and "I hate to see the New Yorkers with streets closed."

Apr 28 21:07

Trump tough on South Korea: Threatens to terminate free trade deal, wants payment for THAAD missile defense system

President Donald Trump said that he will either renegotiate or terminate a "horrible" trade deal with South Korea, Reuters reported late Thursday.

The president also said he wants South Korea to pay for the $1 billion THAAD missile defense system, Reuters said.

Responses to Trump's comments soon arose, with an official from South Korea's automakers association telling Reuters that the group is now concerned about "the uncertainty" of the free trade agreement.

Shares in Hyundai Motor fell as much as 2.4 percent following Trump's comments. South Korea's won turned weaker on the comments.

Apr 28 17:03

Former Central Banker Just Signaled That The Economy Is About To Crash

The Canadian housing market is popping their is already a bailout to save a mortgage company. Initial jobless claims inch up. Consumers are tapped out, credit defaults on the rise. P

Apr 28 12:00

When 'Sunshine' Ruled on the Korean Peninsula

Before South Korea’s conservative presidents severed ties with North Korea from 2008, their liberal predecessors Kim Dae-jung and Roh Moo-hyun promoted peaceful engagement and rapprochement, an approach called the “sunshine policy.”

The name stemmed from an ancient Greek fable where the wind and the sun competed to remove a man’s cloak. No matter how strongly the wind blew, the man only wrapped his cloak more tightly to keep warm. But when the sun shone, the warmth made him take his cloak off. The wind symbolized unsuccessful coercive policies toward North Korea and the sun stood for an approach able to persuade North Korea to take off its anachronistic and uncomfortable cloak, changing at last.

Apr 28 10:23

CRISIS & CHAOS IN VENEZUELA - People Demand Food, Medicine & Elections

As the opposition and the government clash in the streets of Caracas, Venezuelans have reverted to survival mode. Early elections demanded

The latest wave of protests was triggered by a Supreme Court decision on 29 March to take over powers from the opposition-controlled National Assembly. The national government, through the central bank, is going to try to swap gold held as reserves for dollars to stay in power unconstitutionally,” said one letter sent Thursday to John Cryan, the CEO of Deutsche Bank. “I have the obligation to warn you that by supporting such a gold swap you would be taking actions favoring a government that’s been recognized as dictatorial by the international community.”

Apr 28 09:16

Cancer Drugs Fund 'huge waste of money'

The Cancer Drugs Fund in England was a "huge waste of money" and may have caused patients to suffer unnecessarily from the side effects of the drugs, according to UK researchers.

The fund ran from 2010 to 2016, costing £1.27bn, following an election promise made by the Conservatives to pay for cancer drugs the NHS was not funding.

The researchers found only one in five of the treatments was of benefit.

Apr 28 09:15

Sanctions War: Russia Loses $50Bln, West Loses $100Bln

Western countries have lost over $100 billion over three years from the sanctions applied against Russia over the Ukrainian crisis, compared with up to $55 billion lost by Russia, UN Special Rapporteur on the negative impact of the unilateral coercive measures Idriss Jazairy said Friday.

"The sanctioning countries lose more income from sanctions than the targeted country over $100 against $50-$55 billion. The loss of income of Russia from the sanctions, a very rough rule of thumb to apply would be to say that the GDP of Russia has lost about 1 percent as a result of sanctions. Since the GDP of Russia is about $1.7 trillion, the GDP loss of income over three years is about between $50-$55 billion," Jazairy said during a press conference.

Apr 28 08:48

Ex-finance official allegedly embezzled more than $100,000 from Hamline University

A supervisor in the accounts payable department at Hamline University in St. Paul stole more than $150,000 from the school by creating fake vendor accounts and cashing checks issued by the university into her personal bank account, charges say.

Teresa Ann Garin, 51, was charged with three counts of theft by swindle for her role in an elaborate financial scheme that played out between the summer of 2015 and this past winter, according to the criminal complaint filed against her Wednesday in Ramsey County District Court.

Webmaster's Commentary: 

Trying to pay off her student loans? :)

Apr 28 08:31

TRUMP: "I'M A NATIONALIST AND A GLOBALIST"

President Donald Trump was prepared to end the North American Free Trade Agreement deal, which had governed trade relations for the past 23 years, with a dramatic announcement Saturday at a Pennsylvania political rally marking his 100th day in office.

As rumors spread of the possible action, Mexican President Enrique Peña Nieto called the president urging him not to pull out of the accord. "Let me think about it," Mr. Trump said. Within a half hour a call came in from Canadian Prime Minister Justin Trudeau with a similar request.

After the talks, Mr. Trump was convinced "they're serious about it and I will negotiate rather than terminate," the president said in an interview with The Wall Street Journal on Thursday.

Webmaster's Commentary: 

President Trump is neither a nationalist, or a globalist; he is simply a willing puppet for the American Deep State.

Apr 28 07:52

Internet Ad Revenues Surge, Only 2 Companies Get the Spoils

The big shift to mobile advertising.

Apr 28 07:31

BEXALERT: GOP Lawmaker: U.S. Won’t Spray Opium in Afghanistan Because Crops ‘Might Be Too Close to a Mosque’

WASHINGTON D.C. — The United States had the ability to use aerial spraying to destroy the opium crops in Afghanistan used by the Taliban to fund their terrorist activities after 9/11 but refused to do so out of concern that the plants “might be too close to a mosque,” declared Rep. Dana Rohrabacher (R-CA) during a congressional hearing.

We all know why they wont spray the poppies. Cuts into the CIA's profits!

www.whatreallyhappened.com/WRHARTICLES/dyinginafghanistan.php

Apr 28 07:13

President Duterte kicks globalist Rothschilds out of the Philippines

The Philippines just made the US Government's Special High Interest Targets list!

Apr 28 07:06

The Art of the Deal: Wall Street Deals Explode Since January 20th

Since President Donald J. Trump took office on January 20th, almost 3,100 merger or acquisition (M&A) deals have been announced, per recently released data from Thomson Reuters.

2017 continues to be the art of the deal as there have already been 13 deals valued at over $5 billion dollars since the Trump administration took charge. Cross-border deals are also at record highs.

Apr 28 06:51

Atlanta Fed GDPNow Forecast for Q1 Drops to Almost Zero

I hope the forecasting model is broken.

The Atlanta Fed’s GDPNow forecast for first-quarter 2017 economic growth in the US dropped further, this time to 0.2%. This seasonally adjusted “annual rate” of GDP growth means that if the economy grows like this for four quarters in a row, it would grow only 0.2% for the entire year.

Apr 28 06:50

REVEALED: Brussels moves to INCREASE Britain's exit bill to plug EU's budget black hole

Senior EU officials today revealed that member states were “unanimous” on the fact that the UK must settle up on its financial commitments before trade talks can start and appeared to increase the potential scope of the final amount to be paid.

At a briefing to the Brussels press corps eurocrats said they had been “really surprised” by the determination of the other 27 member states to ensure that getting Britain to cough up was included as a top priority in the negotiations.

And they hinted that the “global amount” that the UK will be billed will now include “political” commitments the UK has signed up to, which includes programmes like the Turkey refugee package which could run for years or even decades to come.

Apr 28 04:42

GOVERNMENT SHUTDOWN AVOIDED (*for one week)

Market Recon: Watch the Passage of the One-Week Bill to Avoid Government Shutdown

Apr 27 22:35

Delta passenger kicked off flight after bathroom emergency

If ve order you to pee on yourself you vill obey!

Video has emerged of a Wisconsin man who said he was forced off a Milwaukee-bound Delta Air Lines flight after he used a bathroom while the plane was delayed on the tarmac.
Video posted to YouTube shows the man, later identified as Kima Hamilton of Milwaukee, as he argues with a Delta crew member who asked him to exit the plane on April 18.
Fellow passenger Krista Rosolino, who recorded the video, described the incident in an open letter published to a blog.

She said Hamilton got out of his seat to quickly use the bathroom as the plane sat on the runway.
She said he was told that he couldn't use the bathroom the first time he asked to go. After waiting 30 minutes, Hamilton said it was an emergency and went to the restroom, according to Rosolino.

When he returned to his seat, however, a Delta employee told him to exit the plane.

Apr 27 14:37

The Looting Machine Called Capitalism

I have come to the conclusion that capitalism is successful primarily because it can impose the majority of the costs associated with its economic activities on outside parties and on the environment. In other words, capitalists make profits because their costs are externalized and born by others. In the US, society and the environment have to pick up the tab produced by capitalist activity.

Apr 27 14:00

It’s Different This Time…

While investors insist the markets are currently NOT in a bubble, it would be wise to remember the same belief was held in 1999 and 2007. Throughout history, financial bubbles have only been recognized in hindsight when their existence becomes “apparently obvious” to everyone. Of course, by that point is was far too late to be of any use to investors and the subsequent destruction of invested capital. This time will not be different. Only the catalyst, magnitude, and duration will be.

Apr 27 13:27

The Stock Market Has Gotten So Big It Has Now Passed 2007 Market Bubble

Canada housing regulators are now warning of a housing bubble. The US is seeing the echo housing bubble of 2008. The central bankers need more debt pushed out, so those student's with student loans will now be able to purchase homes by changing the rules.

Apr 27 12:44

Trump 100, Margin Debt Stock Bubble and Gold

Apr 27 12:44

Robert Kiyosaki on income inequality: Why is everybody so mad?

Income inequality is a natural by-product of capitalism. So why is everybody so mad?

Apr 27 12:28

If Credit Card Companies Were Honest

If you've ever wanted to know what it's like to sell your soul and never get it back, just open up a credit card.

Apr 27 11:50

Global Market Cap Hits $50 Trillion For The First Time Ever As All Eyes Turn To Trump Tax Plan

After two days of back to back triple digit gains in the Dow for the first time since the election, overnight the torrid rally has faded, with European shares and U.S. stock futures little changed ahead of Trump’s big unveil of his much anticipated tax cut plan as investors seek new impetus for a flagging relief rally. And, if as some traders expect, the rally is likely to be reignited no matter what Trump announces today (although a less hyperbolic plan may in fact be more favorable for risk, as it makes Trump’s plan more likely instead of being shot down by Congress).

Apr 27 11:04

Mapped: The World’s Dependency on the Travel Industry

Globalization and the growing trend of traveling have increased the number of people traveling to foreign countries each year. This growing trend has brought with it increased GDP growth due to tourism spending. While some countries receive more visitors than others, not all countries rely on their tourism industries to the same extent.

Apr 27 10:51

US Consumers Tap Out: Credit Card Defaults Surge To 4 Year High And It's Getting Worse

Two weeks ago, when JPMorgan launched Q1 earnings season, we noted that while the results were generally good, one red flag emerged: the company's credit card charge offs rose to just shy of $1 billion, the highest in four years.

Apr 27 09:42

West Virginia Legalizes Commercial Hemp Farming Despite Federal Prohibition

By Michael Maharrey

On Tuesday, West Virginia Gov. Jim Justice signed a bill into law significantly expanding the state’s hemp licensing program, opening the door for anybody in the state to produce or process industrial hemp for commercial purposes. The new law sets the foundation to end federal prohibition of hemp in effect in the Mountain State.

Del. Jeff Eldridge (D-Alum Creek) and Del. Jim Butler (R-Henderson) sponsored House Bill 2453 (HB2453). The legislation removes language in the current hemp licensing program restricting it to the Department of Agriculture and state institutions of higher learning. Under the new law, any person with a license will be able plant, grow, harvest, possess, process, sell, and buy industrial hemp...

Apr 27 09:37

This bubble finally burst. Which one’s next?

Like so many other high-flying Silicon Valley startups, Clinkle was supposed to ‘make the world a better place’.

Founded in 2011 by a guy barely out of his teens, the company picked up early buzz after proclaiming they would disrupt mobile payments. Or something.

Apr 27 09:35

TRUMP DECIDES NOT TO WITHDRAW FROM NAFTA

Donald Trump has decided not to pull the US out of the North American Free Trade Agreement, agreeing instead with his Canadian and Mexican counterparts to “proceed swiftly” with negotiations to update the deal, according to the White House.
According to the Financial Times, the move came in hastily arranged calls between the three leaders after news leaked that the White House was considering unveiling an executive order on Saturday that would have laid the groundwork for a US withdrawal.

In a statement, the White House said Trump had agreed with Mexico’s Enrique Peña Nieto and Prime Minister Justin Trudeau of Canada in separate calls on Wednesday to pursue the “renegotiation of the Nafta deal to the benefit of all three countries”.

“It is my privilege to bring Nafta up to date through renegotiation,” the statement quoted the president as saying. “I believe that the end result will make all three countries stronger and better.”

Webmaster's Commentary: 

Another complete about face on trade makes me wonder; who is really in control of this government?!?

Because right now, from where I am sitting, it appears that President Trump is little more than a figurehead, and not at all in control of the government.

These flip-flops on campaign promises are giving me mental whiplash; please stop this, President Trump!!

Apr 27 09:30

Putting Tesla’s EV Car Recall Into Perspective

By Brian Berletic

News coverage about electric car manufacturer Tesla’s recent recall of over 50,000 vehicles over potentially faulty parking brakes has followed a narrative summed up by articles like Ars Technica’s, titled, “Its Always Some Else’s Fault — Tesla recalls 53,000 vehicles built in 2016 over faulty parking brake.”...

Apr 27 09:29

With Mistrial Declared in First Bundy Trial, Federal Land Policies Remain the Real Issue

The land policies of the federal government, which commandeers about 640 million acres nationwide (28% of the 2.27 billion acres of the overall U.S.), do indeed call into question the very nature of such massive land control. The concentration of federal land ownership in the American West is especially staggering, with over 80% of Nevada falling under federal jurisdiction.

Behind the façade of the prosecution’s rather tedious, misleading courtroom arguments, that’s the real issue in the first trial of the landmark Cliven Bundy property-rights case—in which the jury deadlocked on April 24.

Apr 27 09:18

Trump proposes tax cut for owner-operator businesses

President Trump on Wednesday unveiled a tax cut proposal that would cap the tax rate for businesses who file their taxes through their owners’ personal income tax, such as owner-operator truckers, at 15 percent. The plan would remove the existing percentage brackets of 25, 28, 33 and 39.6 for higher-earning owner-operators.

Apr 27 09:14

The Looting Machine Called Capitalism

Capitalism is the Banksters economic system they have imposed on the Planet.
America's Original economic system was free enterprise. When the Brits tried to impose an early form of capitalism on America known as Mercantilism they got a Revolution. The Banksters eventually got us back into their Satanic Economic System. PCR is 100% right. Capitalism and its handmaiden fractional reserve banking also known as Usury are nothing but a Gigantic Looting and Killing Machine!
The Looting Machine Called Capitalism
Paul Craig Roberts

I have come to the conclusion that capitalism is successful primarily because it can impose the majority of the costs associated with its economic activities on outside parties and on the environment. In other words, capitalists make profits because their costs are externalized and born by others. In the US, society and the environment have to pick up the tab produced by capitalist activity.

Apr 27 09:12

Pesky Automatic Subscription Renewals Might Soon Be Easier to Cancel

You subscribe to a magazine or join a gym for a special rate and months later realize you're paying a lot more for renewals. And those fees keep hitting your bank account while you try to figure out how to make it stop.

Apr 27 09:12

Are High-Interest Personal Loans a Necessary Evil?

Angelenos at the bottom of the economic ladder often pay a higher percentage of their income for rent, face greater risk of being confronted by police and live in areas where economic opportunities, including loans, are more like economic scams.

Apr 27 08:47

Former Obama DHS Secretary Napolitano Busted For $175 Million California Univ Slush Fund

state auditor -- “I’ve never had a situation like that in my 17 years as state auditor

Apr 27 08:32

Panera Bread increases automation, leads to hiring 10,000 workers

Due to increased demand for its products brought about by automated ordering, Panera Bread will be hiring new employees to staff its cafes and delivery routes.

Apr 27 07:55

Airlines Boosting First Class, Skimping on Coach

here's a growing chasm between the haves and the have-nots in the air.

Webmaster's Commentary: 

Apr 27 07:29

Twitter Revenue Plunges for First Time Ever, Stock soars

US ad revenues collapse. Twitter cuts costs to manage its decline.

Apr 27 07:28

HOSPITAL Offers Buy-Out To 1,600 Employees

Brigham and Women's Hospital offering buyouts to 1,600 employees

(*prelude to layoffs , buy out is voluntary . In other words, take the buy out now , or face the layoff later . )

Apr 27 07:23

President Trump Lowers Taxes For Small Businesses, Simplifies Tax Code!

Once again President Trump proves that he is a man of his word. Earlier today, the leader of the free world announced a wonderful tax plan that will provide tremendous aid to individuals and small businesses alike. The new tax plan consists of the following: lower individual income tax rates, a reduction in business rates, one time tax on overseas profits, a new territorial tax system, tax break for child care costs, and the repeal of the Alternative Minimum Tax. The President’s new tax plan is in great alignment with his written proposals on tax reforms in his 2015 book ‘Crippled America: How to Make America Great Again’.

Apr 27 07:22

The Economic Hitmen Awareness

Apr 27 07:16

Improvised Explosives in Markets

What happens when new currency is created with few limits by central banks and commercial banks?

Answer: Far too much debt and currency are created.

Apr 27 04:57

Have We Just Reached Peak Stock Market Absurdity?

Have you ever wondered how tech companies that have been losing hundreds of millions of dollars year after year can somehow be worth billions of dollars according to the stock market?

Apr 27 01:59

Can US-style Housing Crisis, “Jingle Mail” Hit Canada’s Banks?

Dismantling the old saw that it can’t happen in Canada.

Apr 26 22:25

White House: Trump will not immediately bolt NAFTA

WASHINGTON

President Donald Trump on Wednesday told the leaders of Mexico and Canada that he will not immediately pull out of the North American Free Trade Agreement, just hours after administration officials said he was considering a draft executive order to do just that.

The White House made the surprise announcement in a read-out of calls between Trump, Mexican President Enrique Peña Nieto and Canadian Prime Minister Justin Trudeau.

Apr 26 15:45

If Mortgage Rates Tick Up Even a Little, What’ll Happen to Canada’s House Price Bubble?

The question now being asked, years too late: How will this end?

Apr 26 15:40

Tax cuts for the middle class and an IRS return that fits on a single sheet of paper: White House unveils 'biggest tax cut in history' that kills the death and cuts corporate rate to 15%

The Trump administration proposed an overhaul of the tax code on Wednesday that could allow many Americans to file their annual tax returns on a single sheet of paper – and cuts their taxes, eliminating them entirely on the first $24,000 of income earned by a married couple.

Apr 26 15:15

4 Short Sellers Explain Why They Target Tesla – But Don’t Try to Do this at Home

The bloodletting among Tesla shorts has become legendary.

Apr 26 15:03

PUTIN WARNED BY US: Sanctions WILL continue until Crimea is returned, vows Tillerson

REX Tillerson has ramped up the rhetoric over Russia by claiming sanctions will not be lifted until Crimea is returned to Ukraine.

Apr 26 15:00

Donald Trump ‘to sign’ executive order WITHDRAWING America from NAFTA trade bloc

DONALD Trump is about to sign an executive order withdrawing America from the NAFTA agreement, according to two White House officials.

Apr 26 15:00

Greece's pensioners to suffer MORE: Europe demands austerity as debt hits £268BILLION

GREEK politicians are being told to go after the country's already squeezed pensioners as it faces yet more austerity measures.

Germany and the International Monetary Fund (IMF) have failed to make an agreement over the conditions of a new bail out package.

And while the country's debt bubble continues to mount, as it tries to cope with the migrant crisis from 2015, its citizens are being penalised.

Thousands of hungry, cold and desperate pensioners have taken to the streets of the country to protest at Prime Minister Alexis Tsipras handling of the debt crisis.

Apr 26 14:27

America’s rich get richer and the poor get replaced by robots

America’s working class is falling further behind.

Apr 26 14:22

UNVEILED: President Trump’s Tax Plan!

President Trump has just unveiled his tax plan, and so far it sounds good to me!

President Donald Trump unveiled his tax plan with the following points:

Proposal to slash corporate taxes,
Tweak personal tax rates,
Eliminate most deductions used by more affluent Americans,
The plan was announced by Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn during a White House press briefing.

Mnuchin and Cohn said the plan would include “the biggest tax cut” in US history.

Mnuchin told THE HILL that the White House and congressional leaders wanted to pass the bill “as quickly as possible.”

It sounds quite good to me, and I hope I am reading it the right way….all the signs say “good for the American people.”

Apr 26 14:12

Central Bankers Tricks Are Now Being Used Against Them To Bring The Economy Down

Consumer confidence stumbles and stock market soars. J Crew letting 150 employees go. Housing prices surge in the 20 bubble cities and new home sales surge according to the government.

Apr 26 14:00

FTC Halts Massive Tech Support Scams

The Federal Trade Commission has launched a major international crackdown on tech support scams in which telemarketers masquerade as major computer companies, con consumers into believing that their computers are riddled with viruses, spyware and other malware, and then charge hundreds of dollars to remotely access and “fix” the consumers’ computers.

At the request of the FTC, a U.S. District Court Judge has ordered a halt to six alleged tech support scams pending further hearings, and has frozen their assets.

“The FTC has been aggressive – and successful – in its pursuit of tech support scams,” said FTC Chairman Jon Leibowitz. “And the tech support scam artists we are talking about today have taken scareware to a whole other level of virtual mayhem.”

Apr 26 13:27

GOP Health Care Compromise Includes Exemption for Congress

“The best evidence yet that the new GOP repeal plan is a disaster for people’s health care is that the GOP exempted members of Congress from living under it.”

Apr 26 12:37

The Housing Bubble Is Back - With One Big Departure From 2007: Today It's Part Of A Constellation Of Bubbles That Includes Government Bonds, Equities....

Last week I ran into a friend whom I’d been worrying about. He’s a real estate appraiser and his work had been drying up as interest rates rose and homeowners stopped refinancing their mortgages.

But now he’s back to being happily swamped because instead of refinancing, everyone is buying — often, he says, for above the asking price.

Apr 26 12:19

Auto loans: The next debt bubble to pop?

Apr 26 11:56

Why Taxation is Slavery: Words From Frederick Douglass

What do you call it when someone takes 100% of your labor by force? Slavery.

Slavery is being forced to work against your will for the benefit of your master, your owner. The only reason they own the products of your labor is because they own you. If you had exclusive control over what is done to and with your body, the most basic right of self-ownership, you would not owe anybody your labor.

So then a lesser percentage of forced labor is also slavery, though to an obviously lesser degree.

Whether a cent or a million dollars is taken without consent, it is theft. And if someone forces you to work for them 1% of the time, or 100% of a time, that is still slavery.

Apr 26 11:48

Why We Have a Second Amendment: Venezuela Plans to Give Firearms to Loyalists So They Can Purge Growing Resistance

After enduring shortages of food and medicine for years, as well as a total collapse of their currency, the people of Venezuela have had enough. Last week it was estimated that 2.5 million people marched against the Maduro regime, which had previously tried to strip away the powers of the opposition-led parliament. It’s estimated that as many as 6 million people may have taken to the streets to protest throughout the country.

In the lead-up to the protest, which had been planned for weeks by opposition political parties, President Maduro issued an alarming proclamation that didn’t receive nearly enough press. He promised to expand the nation’s armed militia, and hand out firearms to as many as 400,000 loyalists.

Apr 26 11:15

The Federal Fiscal Condition: Kick the Can ’til You No Longer Can

04/26/2017 11:13 am

That is what happens when the government cannot meet its financial obligations. Two forms of default/bankruptcy are available: hard and soft. Hard means the government “stiffs” debt holders totally or partially—“sorry, we cannot repay any of your principal or interest” on your bonds and T-bills or “we can make only part payment.” The “soft” default method is for the Federal Reserve to run its printing and digital presses red hot, paying off debt with zillions in money with new zeroes, ultimately making the money worthless. Economic chaos and disaster ensue. Irresponsible? Hyperinflation? Yes. Would the Fed do it? Don’t ask me, ask the bailed-out masters of the universe on Wall Street what they want the Fed to do.

Apr 26 11:12

UN warned Trump that ObamaCare repeal could violate international law

The NWO UN out of the USA! USA out of the NWO UN!

The United Nations warned the Trump administration earlier this year that repealing ObamaCare without providing an adequate replacement would be a violation of multiple international laws, according to a new report.

Apr 26 10:27

Does Schäuble want Draghi to Exit the Stage Once & For All?

Federal Minister of Finance Wolfgang Schäuble of Germany is starting to show signs of rebellion against the elite in Brussels. With the event of BREXIT, the EU is more concerned about trying to punish Britain than they are in reflecting upon what is going so terribly wrong. They will throw their support behind Macron in France fearing that a Le Pen win may be the end of Brussels.

Apr 26 10:00

‘Many Banks Are Problematic, But Wells Fargo Is The Worst’

When there are issues that are harming communities of color, if you look at where the money’s coming from…right at the head of the pack you always have Wells Fargo. Racism isn’t just a side effect of what Wells Fargo does; it’s part and parcel of what it does.”

Apr 26 09:55

United Airlines just can’t catch a break: Giant rabbit mysteriously dies on board flight

The PR department at United Airlines just can’t catch a break. It’s now emerged a rabbit predicted to become the biggest in the world has died aboard a transatlantic UA flight.

Simon, a 10-month-old continental giant rabbit, was being transported in the cargo section of the Boeing 767 from London Heathrow to O’Hare International Airport in Chicago when disaster struck. United Airlines say they are investigating the incident.

“Simon had a vet’s check-up three hours before the flight and was fit as a fiddle,” breeder Annette Edwards told the Sun. “I’ve sent rabbits all around the world and nothing like this has happened before.”

Measuring 3ft (90cm), Edwards had expected Simon, who had been sold to a famous buyer, to take the mantle of his 4ft 4in (1.32 meters) father Darius as the world’s biggest rabbit.

Webmaster's Commentary: 

Who has been shorting United Airlines stock, I wonder!

Apr 26 09:49

A Rising (Central Bank) Tide Turns Everyone into a Genius

Until the system implodes--you're a genius.

So you've ridden the markets higher--stocks, housing, commercial real estate, bat guano, quatloos, you name it--everything you touch turns to gold. What can we say, bucko, other than you're a genius!

Apr 26 09:38

Is The Trump Tax Plan A Sign Of Better Days To Come?

With financial markets eagerly anticipating a White House tax plan, Trump will also call for a sharp cut in the top rate on pass-through businesses, including many small business partnerships and sole proprietorships, to 15 percent from 39.6 percent, an administration official said.

Apr 26 08:45

Marissa Mayer to leave Yahoo with a $186 million payout

Regardless of how business pundits will eventually judge Marissa Mayer’s tenure as CEO of Yahoo, she’s succeeded on at least one front: reaping rich personal rewards.

Mayer will leave Yahoo following its sale to Verizon with more than $186 million in payouts, with the bulk of the compensation tied to her Yahoo stock, stock options and restricted stock options, according to calculations by the Wall Street Journal. Included in the figure is her golden parachute payout of $23 million, which largely consists of restricted stock. Since joining the Internet pioneer in 2012, she’s earned far more than $200 million.

Apr 26 08:10

Silver: Money of the People

Over the past few weeks a number of new silver coins have come online and I wanted to bring them to your attention. If you recall at the end of 2016 I wrote several articles about the more “collectible” silver coins that are available to anyone that is willing to take a chance on some really beautiful coins. The one coin that stands out from the earlier series is the America the Beautiful “Hawaii Volcanos” coin. It now commands a massive premium to spot and people are more than willing to pay it. What will be the next coin to find itself in this same position?

Apr 26 07:35

Former Pentagon official tells Senate hearing North Korea 'denuclearization is unlikely'

North Korea will continue its nuclear weapons and ballistic missile programs and the U.S. cannot count on China to apply sufficient pressure to deter the growing threat, experts told a Senate panel Tuesday.

Also, a U.S. military strike on Pyongyang would pose huge risks for the U.S., South Korea and other allies in the region, and the outlook for regime change is grim even if economic incentives were offered.

"The challenges emanating from North Korea are obviously real, dangerous and in the near term," Ashley Tellis, a senior fellow at the Carnegie Endowment for International Peace testified to at full Senate Armed Services Committee hearing about policy and strategy in the Asia-Pacific region.

Tellis added, "The challenges emanating from China are long term, enduring and aimed fundamentally at decoupling the United States from its Asian partners."

Apr 26 07:29

Craig Hemke - Trump Feel Good Financial Narrative Crumbling, Markets Held Together With Electronic Bailing Wire & Digital Chewing Gum

Financial Writer Craig Hemke says the system is being propped up and is very weak dispite the record stock markets prices. Hemke contends, “These markets are quite literally held together by . . . electronic bailing wire and digital chewing gum. . . .

Apr 26 07:00

British children go hungry on vacation without free school meals

Millions of pupils who qualify for free school meals during term time are going hungry while on vacation because their families are struggling to cope with the rising cost of food, MPs and peers have warned.

The All Party Parliamentary Group on Hunger says children are regularly living on crisps (potato chips) and energy drinks when school canteens close at holiday time.

Apr 26 06:05

Gold Bullion Imports Into China via Hong Kong More Than Doubles in March

Gold bullion imports into China via main conduit Hong Kong more than doubled month-on-month in March, data showed on Tuesday as reported by Reuters.

Apr 26 02:45

"Extend and Pretend" and Other Signs of the Coming "Car Crash"

Delinquencies have been increasing for subprime car loans. Yet, car dealers are unfazed and have been allowing buyers to "trade in underwater vehicles two or three times." The credit boom is reaching an extreme.

Apr 25 18:45

ARE EU JOKING?! UK 'must contribute to Brussels budget until 2020 for good Brexit deal'

Britain’s EU exit will leave the bloc’s budget around £8.5billion (€10billion) lighter, leaving European leaders fearful they may have to significantly boost their contributions after Brexit.

EU officials are trying to find a way of softening the financial blow to the bloc after Brexit, particularly between Britain’s departure in March 2019 and the end of the current seven-year budget framework which ends in 2020.

Now, British officials are debating whether to maintain payments until the end of the seven-year economic plan in 2020, in order to improve relations between Britain and the bloc in the hope of getting a good trade deal.

Apr 25 16:33

The Election Economic Surge Has Faded,Data Shows Something Horrific Is Headed Our Way

IMF says Greece needs to sacrifice more. After 50 weeks Caterpillar finally has one week that hit 1% sales and its because of China. The economy is declining rapidly and it will accelerate as we move along into this year.

Apr 25 16:06

Gardening the Gwyneth Paltrow way: Actress promotes $120 watering can and $125 apron

She is better known for extolling the virtues of bizarre beauty treatments and the latest health fads.

But now Gwyneth Paltrow is showing off her green-fingered side, by launching a gardening shop – complete with everything from a $120 (£94) watering can to a $420 (£328) pewter jug.

While the actress might be encouraging her fans to get their hands dirty, there is no place for scruffy clothes in the eyes of Hollywood’s new gardening guru.

Apr 25 15:29

ALERT: MARKETS REACT TO TRUMP ESCALATION AS ASIA BECOMES NEW CONFLICT ZONE - WHAT YOU NEED TO KNOW!

Last night Trump called an emergency meeting and summoned members of the senate to review strategies for confronting the Kim Jong-Un in North Korea. But the question is how will the markets respond to a new front opening up in Asia if the matter goes hot?

Apr 25 14:33

You Got Trumped! Trump not yellin’ about Yellen anymore!

Having castigated Janet Yellen for keeping interest rates artificially low in order to help the Obama Administration keep a Democrat in the White House, Trump now likes Janet Yellen and likes low interest rates, too — so much so that he decided this week that it is finally time to get honest with America about his latest flip-flop:

“I do like a low-interest rate policy, I must be honest with you. I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me. But that’s hurting—that will hurt ultimately,” he added. “Look, there’s some very good things about a strong dollar, but usually speaking the best thing about it is that it sounds good.” (The Wall Street Journal)

Apr 25 13:55

The Next Bubble to Burst Will Be Worse Than the Subprime Mortgage Crisis

Due to the federal government’s own reckless housing policies in the run-up to the financial breakdown in 2008, the world economy came crashing down.

Apr 25 12:41

General Motors fires 2,700 in Venezuela after plant closure: workers

General Motors' (GM.N) Venezuelan subsidiary has sent a message to almost 2,700 staff informing them that they are no longer employed by the company and had received severance pay in their bank accounts, according to two employees.

A Venezuelan court last week ordered the seizure of the company's Valencia plant, ruling in favor of two dealers that had filed a case in 2000 against the subsidiary on grounds they had not complied with an agreed sale of 10,000 vehicles.

Apr 25 12:40

Baby Boomers Borrowed $100BN In Student Loans For Their Children And Now Defaults Are Soaring

America's snowflake millennials aren't used to being told 'no', especially by their parents. Perhaps that's why, as we pointed out a few days ago, more millennials than ever are now living at home with mom and roughly one quarter of them don't even both to enroll in classes and/or find a job (see "A Quarter Of Millennials Living At Home Neither Work Nor Study"). But, when it comes to racking up massive student loans for their lazy, millennial, snowflakes, we suspect a healthy portion of about 3.5 million Baby Boomers are wishing they had a do-over to do just that.

Unfortunately, rather than making some difficult decisions about affordability and/or forcing their kids to pay for their own education, Baby Boomers have incurred nearly $100 billion in student loans so that little Johnny and/or Susie could get that Anthro degree they always wanted.

Apr 25 11:48

Wages, Productivity, and Inequality

Apr 25 11:47

Tower of Greed

When The Daily Coin was born, April 25, 2014, the goal was to help you in your quest for real news and information that would put you and your family in a better position for the coming economic collapse. As of 4:30pm April 12, 2015 it appears my views are about to change. Anyone who is awake and aware is familiar with the manipulation of markets, all markets, the criminality of the banking system and take over of governments, globally, by fascist means. Laws and regulations are now written by and for corporations and local police departments are in place to, specifically, protect the ruling and banking class. The local police also serve another very important function: to strip us of any loose change the banking and ruling class overlooked. As citizens we simply expect to be treated with dignity and a certain amount of respect.

Apr 25 11:46

Richard Wolff On Public Debt, Printing Money And How Governments Pay For Wars

In this educational video Richard Wolff, a University of Massachusetts professor of economics emeritus, Marxist economist and founder of Democracy at Work, defines public debt and explains the process of printing money.

Apr 25 10:49

A Look In To The London’s Housing Market; Is The Biggest Annual Decline In Almost Eight Years Pointing Towards A House Price Crash In London

The Brexit vote, unaffordable valuations, and tax increases on investors are all taking its toll on the London’s housing market. All these factors cumulatively have shunned demand and has caused the biggest annual decline in eight years in the London’s housing market.

Apr 25 10:30

The FBI May Have Run Not Just One -- But 24 Dark Web Child-Porn Websites

Snowden:
FBI: Let's secretly run the biggest child porn site ever.
Judges: no
F: We're just OPERATING it, not using it!
J: still no
F: *runs CP site*

Apr 25 10:25

IMF Meeting Signals Descent into Global Trade War

The current chair of the committee, Agustin Carstens, the governor of the Bank of Mexico, sought to cover over the significance of the decision by suggesting that the previous wording had been removed because “the use of the word protectionism is very ambiguous.”

In reality, the omission of any disavowal of protectionism is an unmistakable expression of mounting trade tensions, fueled above all by the Trump administration.

These conflicts could not be completely suppressed at the meeting. In his statement to the IMFC, German Finance Minister Wolfgang Schäuble said

Germany “commits to keep the global economy open, resist protectionism and keep global economic and financial cooperation on track.”

This statement stood in stark contrast to the remarks of US Treasury Secretary Steven Mnuchin. He said the US would

Webmaster's Commentary: 

Secretary Mnuchin, a word, please.

The US manufacturing industry (or what hasn't been offshored/outsourced) needs to reimagine itself, and reposition itself toward making things people want to buy, and are durable.

Value engineering has to go the way of the dodo bird, and the dribble glass; it is just that simple.

And heaven help us, no sane, rational country on the face of this planet wants to buy our GMO agriculture. We see that consistently with China, which has a firm policy of not buying American, GMO-produced fruits and vegetables.

Blaming China and Germany for the failings of American manufacturing and monetary policies, are no substitute for fixing the problems American manufacturing and agriculture have to fix, to make US companies competitive again.

You're welcome!!

Apr 25 09:44

Alasdair Macleod Reveals America’s Financial War Strategy

America’s renewed desire to escalate military tensions is a front for America’s continual financial war, this time directed at North Korea, Syria and possibly Iran. This is likely to be the opinion of China’s strategic advisors. We analyse the geopolitics and economics behind America’s war strategy from China’s perspective, concluding that it is entering its final phase. China’s exit plan appears to be to tie the pricing of energy and then other major commodities to gold, returning to the pre-1971 status quo, when the dollar was just a settlement link between commodity prices and gold. Except this time, the dollar itself will be side-lined, so far as China is concerned, which will use the yuan instead for its empire, which will be far larger than that of the US in time, measured by GDP.

Apr 25 09:00

Global Silver Mining Industry Productivity Falls To The Lowest In History

After the Primary Silver Mining Industry enjoyed a brief increase in productivity over the past two years, it fell to the lowest ever in 2016. The reason the primary silver mining industry’saverage yield increased in 2014 was due to the addition of Tahoe Resources high-grade Escobal Silver Mine.

Apr 25 08:13

More war drums, and a big Russian threat

Glazyev wagers that the U.S. is currently conducting “a hybrid war with the entire world to shift their debt burden on to other countries, to confine everyone to the dollar and weaken territories they cannot control.” -- He added: “In this context, the anti-Russian hysteria and growing Russophobia can be seen as a long-term factor linked with the specific interests of the United States’ ruling elite.”

Apr 25 07:43

Polaris Closes NW Iowa Plant, Putting Up to 300 Out of Work

Polaris Industries plans to close its plant in the northwest Iowa city of Milford, leaving up to 300 employees out of work.

Polaris spokeswoman Kelly Basgen told the Sioux City Journal on Monday the company would stop production of all-terrain and utility vehicles at the Milford plant that had operated since 2013. Production would shift to plants in Alabama, Minnesota and California.

Apr 25 07:42

PIIGS Documentary: Everything You Always Wanted to Know About the Euro

April 27 will see the release of an Italian documentary film which is expected to disclose the uncomfortable truth about the euro and the policy of austerity which hit Portugal, Ireland, Italy, Greece and Spain especially hard.

Apr 25 07:41

The IMF Is Not Done Destroying Greece Yet

Austerity is over, proclaimed the IMF this week. And no doubt attributed that to the ‘successful’ period of ‘five years of belt tightening’ a.k.a. ‘gradual fiscal consolidation’ it has, along with its econo-religious ilk, imposed on many of the world’s people. Only, it’s not true of course. Austerity is not over. You can ask many of those same people about that. It’s certainly not true in Greece.

Apr 25 07:27

IMF Outlines Dollar Collapse, Pop Reduction

Apr 25 07:19

Ronald Bernard High Finance Shocking Revelations (Dutch with Subtitles)


Finance Insider reveals a reality that is as shocking as can be (if no great surprise to increasing numbers of the waking public). This is the MOST convincing testimony I have ever come across.
Original is here: https://vimeo.com/212237317

Apr 25 06:28

Housing's Echo Bubble Now Exceeds the 2006-07 Bubble Peak

If you need some evidence that the echo-bubble in housing is global, take a look at this chart of Sweden's housing bubble.

A funny thing often occurs after a mania-fueled asset bubble pops: an echo-bubble inflates a few years later, as monetary authorities and all the institutions that depend on rising asset valuations go all-in to reflate the crushed asset class.

Apr 25 03:29

BEX? New Poll: Record number of Americans want MORE government in their lives

In a poll conducted a few days ago by NBC News / Wall Street Journal, a record 57% of Americans responded that they want MORE government in their lives, and that the government should be doing more to solve people’s problems.

That’s the highest percentage since they started asking this question in 1995.

Apr 24 15:50

Executive Order from Trump will change the US commodity sector

Last week, a request from the Uranium Producers of America (‘UPA’) grabbed the headlines, as the organization was asking the US Department of Energy (DOE) to suspend the sale of (physical) uranium on the spot market. The UPA correctly described the status of the US based Uranium producers as ‘fragile’, and it’s pretty clear the DOE has been a huge ‘help’ in destroying America’s domestic uranium market.

Apr 24 15:32

Top 10 major retailers ready to default in 2018

Apr 24 15:21

Pollo Tropical closing 30 restaurants

Apr 24 15:10

Panera to add 10,000 jobs by the end of 2017

Apr 24 14:38

UK Wage Growth Almost Disappears As Higher Inflation Bites

Rising levels of inflation coupled with lackluster wage growth have led UK consumer confidence to fall, according to a new survey, nearly a year after 52 percent of Britons voted to leave the European Union.

Apr 24 13:44

The Real Reason For America’s Looming Retirement Crisis

Did you know that approximately 40 percent of all American workers have absolutely nothing saved for retirement?

Apr 24 12:16

Trump To Order Corporate Tax Rate Cut To 15%, Load Up To $2 Trillion In Extra Debt

Translation: Trump's massive tax cut will be funded by debt, and as a result, will be at best temporary as it will be in breach of the revenue constraints in the reconciliation process; at worst it will never happen as it will now require Democrat votes.

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