ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Oct 31 01:06

37 Percent Rate Increase In 2018??? Obamacare Is Imploding And It Must Be Repealed Now!

Are you ready to pay 37 percent more for health insurance in 2018? Obamacare is imploding faster than most of us imagined, and these rate increases are absolutely killing hard working middle class families all across the country. I wrote about the steady erosion of the middle class yesterday, and health insurance is one of the main reasons why the cost of living is increasing at a much faster rate than our paychecks are. It greatly frustrates me that we have given the Republicans control of the White House, the Senate and the House of Representatives and Obamacare still has not been repealed. The truth is that should have happened on day one of the Trump presidency.

Oct 31 01:02

What Could Pop The Everything Bubble?

The policy of creating trillions in new currency and buying trillions in assets has inflated an everything bubble, a bubble in all the asset classes being supported or purchased by central banks and their proxies. Many observers wonder what, if anything, could pop the everything bubble.

Oct 30 15:00

FLASHBACK - Clintons and Federal Reserve stole Fort Knox gold

In October of 2009 China received a shipment of gold bars from the United States Department of the Treasury Bullion Depository in Fort Knox. The gold is regularly exchanged between countries to pay debts and to settle the balance of trade. Most gold is exchanged and stored in vaults under the supervision of a special organization based in London, the London Bullion Market Association (or LBMA). When the shipment was received, the Chinese government ordered special tests be performed to guarantee the purity and weight of the gold bars as China is the largest foreign holder of US Treasury securities. Chinese officials were shocked to learn that the bars were fake. The gold shipment contained a tungsten core with a thin coating of real gold. These tested gold bars originated in the US and had been stored in Fort Knox for years.

Oct 30 14:59

Kim Jong-un Orders All N.Korean Workers Out of China

Oct 30 13:28

US quietly sanctions China over North Korean missile launchers

This October, the US government for the first time imposed economic sanctions on a Chinese company for providing vehicles for transfer North Korean road-mobile missiles.

The Treasury Department’s little noticed October 13 announcement of sanctions on the Wuhan Sanjiang Import and Export Co. Ltd., focused on the company’s sale of equipment to Iran, however. It only mentions the launcher transfers in passing – a symptom of Washington’s aversion to calling out Beijing on its covert support for the regime in North Korea.

Oct 30 10:37

J.C. Penney Is on Its Deathbed

Oct 30 09:09

Living in a Car on $800 a Month

Trillions to kill people and nothing for Americans. The USA is a failed state.

Today we meet Dee, who is living in her car on $800 a month. She tried renting an apartment but found it impossible. After paying rent, she had so little money left over her quality of life was tragically low. But, by living in her car, all that money is available for her to live and thrive on so she isn't just surviving and enduring life. She's done a brilliant job of making the car livable by taking out some seats, let's see how...

Oct 30 08:41

Royal Canadian Mint-stamped gold wafer appears to be fake

The Royal Canadian Mint is investigating how a sealed, "pure gold" wafer with proper mint stampings may in fact be a fake.

The one-ounce gold piece, which was supposed to be 99.99 per cent pure, was purchased by an Ottawa jeweller on Oct. 18 at a Royal Bank of Canada branch. Yet tests of the bar show it may contain no gold at all.

When neither the mint nor RBC would take the bar back, jeweller Samuel Tang contacted CBC news.

Oct 30 07:22

Putin’s revenge may see petro-yuan replace petrodollar

The key to the coming petro-yuan lies in Moscow. And, if the Chinese currency eventually succeeds in usurping the long-standing petrodollar, Washington will only have itself to blame.

News that China plans to launch a yuan-denominated oil futures contract by the end of this year has come as a surprise to many analysts. However, Russia experts aren’t startled in the slightest because this move has been coming since Moscow abandoned its quarter-century attempt to integrate with the West, following the 2014 Ukraine crisis. A catastrophe which the Kremlin blames on the United States and the European Union, as part of what it considers to be an attempt to reduce Russian influence in its "near abroad.”

Webmaster's Commentary: 

IF, in fact, the PetroYuan comes into being before the end of this year, expect a major, US-generated war to prevent it from coming into being.

President Trump leaves for a 12 day trip to Asia this coming Friday, 3 November; he should be back by the 15th of November. IF he is unable to get any assistance from China on North Korea, and no concessions on any delay in the development of this currency, we may will be looking at a trade war with China, which hots up to a an actual shooting war shortly after, say the first part of 2018.

I wish I could be more positive about the future outcome for this country; unfortunately, through a lousy combination of reckless spending, coupled with picking wars it could not possibly win, the Occupied, Unhinged,Surveilled State of America, has brought this outcome on itself.

The development of such a currency will spell the KOD (Kiss of Death) for the US petrodollar, which is backed by utterly nothing tangible.

Oct 30 06:27

DETAILS OF "SUSPICIOUS" MANAFORT WIRE TRANSFERS LEAKED FROM FBI PROBE

The FBI's investigation of Donald Trump's former campaign manager, Paul Manafort, includes a keen focus on a series of suspicious wire transfers in which offshore companies linked to Manafort moved more than $3 million all over the globe between 2012 and 2013.Much of the money came into the United States.

These transactions — which have not been previously reported — drew the attention of federal law enforcement officials as far back as 2012, when they began to examine wire transfers to determine if Manafort hid money from tax authorities or helped the Ukrainian regime close to Russian President Vladimir Putin launder some of the millions it plundered through corrupt dealings.

Webmaster's Commentary: 

Manafort was indicted as of today, and taken into federal custody by the FBI.

Paul Manafort Indicted, told to surrender to the FBI

But where, please, is Meuller's "alleged passion for justice" when it comes to Hillary and Bill Clinton's Uranium One Scandal??

When will Hillary be indicted for her role in the Uraniaum One scandal?!>

Oct 29 15:01

Global Debt of $63 Trillion

Oct 29 13:43

Gundlach Warns “The Order Of The Financial System Is About To Be Turned Upside Down”

“I’m not a big fan of bonds right now,” may seem like an odd way for the so-called Bond King to begin, but in an audience at Vanity Fair’s Establishment Summit, DoubleLine’s Jeff Gundlach told Bethany McLean, “I haven’t been really [a fan of bonds] for the past four years, even though I manage them, and institutions have to own them for various reasons.”

Oct 29 12:16

Amazon is now the size of a small country

Amazon's workforce is now larger than the population of dozens of small countries.

On Thursday, the e-commerce retailer revealed that it employed 541,900 people at the end of the third quarter. That's bigger than the populations of some 63 countries and territories around the world, including well known ones such as Iceland, the Bahamas, and Monaco. Belize, for example, has a population of just 347,369.

Oct 29 10:58

Visualizing $63 Trillion Of World Debt

Oct 29 09:33

If You Look Behind Neoliberal Economists, You’ll Discover the Rich: How Economic Theories Serve Big Business

Social classes have always embraced ideas and social philosophies. Not only to understand and interpret the real world, but most importantly to change it to their benefit. These theories (primarily in social science) have become beweaponed ideas called ideologies, as they are used to influence rather than to understand the human universe. Of course the two are related: the nature of our understanding, i.e. what we consider important and what we leave out from our theoretical framework, is called modelling.

Oct 29 08:53

Doug Casey: How I Learned to Love Bitcoin

Oct 29 08:04

FLASHBACK - $9,000,000,000,000 MISSING From The Federal Reserve

Oct 28 11:23

Child Poverty in America Is Indefensible

The state of poverty in the United States, particularly among children, is abhorrent and scandalous, putting America, the richest and most powerful country in the world, in a shameful light. Successive American administrations are guilty of outrageous negligence toward poor children and have inflicted incalculable damage to millions who continue to suffer, causing a tremendous loss of human resources and productivity to the country.

Webmaster's Commentary: 

These numbers are staggering: I understood that child poverty in this country was bad, but had utterly no clue that it was this bad.

If, in fact, a country's children are it's future, then this government has been doing an absolutely marvelous job of creating a future of despair and desperation; under-employment; drugs; criminal behaviour; and violence for these kids when they grow up, as its heritage!

Way to go, USA!!

Oct 28 10:45

Consumer credit hits a record $3.7 trillion…

Oct 28 10:18

What Could Pop The Everything Bubble?

Oct 28 07:39

It Took A Generation To Forget Gold As Money

Oct 28 07:26

What is happening in the US economy?

Oct 27 19:33

Anti-togetherness: The Virtues of Disunity

A Truth Not Welcome: People do not like being with those different from themselves . Sometimes, briefly, we find it interesting, as in traveling, but for extended periods, no. This distaste pervades society, often unnoticed, with consequences.

Instances of untogetherness:

Oct 27 13:47

US Soldiers in Niger Were Left Behind in Evacuation

Officially, the US military never leaves troops behind. Secretary of State James Mattis even said literally this last week, in denying that a soldier might’ve been left behind in the October 4 Niger ambush, in which four US special forces were killed.

As details continue to emerge on the incident, however, it appears increasingly certain that Mattis hadn’t told the truth, with officials now saying that when French helicopters evacuated the US forces, they had lost contact with four US troops, and only evacuated seven out of 11 in the unit.

Hours later, they managed to return to recover the bodies of the three soldiers initially reported killed. The fourth soldier wasn’t found for another two days. That the troops left without contact with the four makes it uncertain if some might’ve been alive at the time, and died abandoned on the field.

Webmaster's Commentary: 

Please show this article to any young person contemplating joining the US military.

Oct 27 13:46

Tory Tax Loophole For Big Business Under Investigation By EU

The European Commission is to launch an investigation into a loophole set up by the David Cameron government that allegedly provides tax avoidance opportunities to multinationals.

Oct 27 13:26

Danielle Park – The Delusion of Prosperity

Oct 27 13:24

The Senate Voted to Make It Harder to Sue Banks

Oct 27 12:18

CVS In Talks To Buy Aetna In What Would Be Year's Largest Deal

In a stunning scoop published minutes before the close, WSJ reports CVS Health is in talks to buy Aetna, a defensive acquisition that may help the company fend off Amazon should the e-commerce giant follow through on flirtations with the pharmacy business.

Shortly before WSJ published its report, CVS and other pharmacy stocks tumbled to their lows of the day on reports Amazon has been quietly obtaining wholesale pharmacy licenses.

Webmaster's Commentary: 

The big question I would have, in terms of allowing this acquisition to take place is, what, precisely will be the effects on patient care?!?

Oct 27 12:00

Is your ZIP code killing you?

Oct 27 10:48

Big Pharma Mogul Arrested For Bribing Doctors To Prescribe Fentanyl

Federal authorities arrested the billionaire founder and owner of Insys Therapeutics Thursday on charges of bribing doctors and pain clinics into prescribing the company’s fentanyl product to their patients.

The Department of Justice (DOJ) charged John Kapoor, 74, and seven other current and former executives at the pharmaceutical company with racketeering for a leading a national conspiracy through bribery and fraud to coerce the illegal distribution of the company’s fentanyl spray, which is intended for use as a pain killer by cancer patients. The company’s stock prices fell more than 20 percent following the arrests, according to the New York Post.

Oct 27 10:48

Shares Of World's Biggest Toymaker Crater After It Suspends Dividend

Shares of Mattel, the world's biggest toymaker, cratered as much as 24% after hours after the company announced it would suspend its quarterly dividend starting in Q4, and instead use the cash to shore up its faltering business after a big hit following the bankruptcy of its largest retailer Toys‘R‘Us.

Oct 27 10:39

Dozens of Russian defense companies included in list of potential new US sanction targets

The US is edging towards the eventual implementation of a new round of sanctions against Russia after the State Department provided Congress with a list of Russian defense and intelligence entities, missing the deadline by almost a month.

“Secretary of State Rex Tillerson has authorized the department to issue guidance to the public specifying the persons or entities that are part of or operating on behalf of the defense or intelligence sectors of the government of the Russian Federation,” State Department spokesperson Heather Nauert said. “What that means is that Secretary Tillerson has signed off on this and it is now being held on Capitol Hill.”

The State Department is “currently informing Congress, key US industries stakeholders and our allies and partners” of the directive, she added.

Oct 27 10:36

US ‘Empire of Debt’ will go to war to stop emergence of petro-yuan – Max Keiser

The imminent introduction of oil trading in yuan is a very bold move by the Chinese, because the US will not give up the basis of its hegemony – the dollar as the world’s reserve currency – without a fight, Max Keiser, host of RT’s financial program ‘Keiser Report' has said.

The Chinese plan to roll out a yuan-denominated oil contract before the end of this year is a very brave move, since countries who “tried to exit the oil-dollar matrix have met terrible ends,” Keiser pointed out.

“Saddam Hussein wanted to trade oil in Euros and he was killed, Muammar Gaddafi wanted to trade his energy in something other than the US dollar – he was killed,” Keiser said.

Oct 27 09:20

Russia Buys 34 Tonnes Of Gold In September

– Russia adds 1.1 million ounces to reserves in ongoing diversification from USD
– 34 ton addition brings Russia’s Central Bank holdings to 1,779t; 6th highest
– Russia’s gold reserves are at highest point in Putin’s 17-year reign
– Russia’s central bank will buy gold for its reserves on the Moscow Exchange
– Russia recognises gold’s role as independent currency and safe haven

Oct 27 07:41

The Fed Balance Sheet Unwind Myth

Oct 27 06:19

Voice of reason : Pelosi face spasms; Utters gibberish, confuses ‘trillions’ and ‘billions’…

Is it any wonder more Democrats are calling for new leadership? (No wonder the federal government is spending so wildly when leaders can’t tell a number that has 9 zeros from one that has 12.)

Oct 27 05:29

Americans Have More Debt Than Ever

Oct 27 05:01

The Economy Is Collapsing One City At A Time

Oct 26 17:25

Big Brother in Little China - #NewWorldNextWeek - corbettreport


Published on Oct 26, 2017Welcome to New World Next Week – the video series from Corbett Report and Media Monarchy that covers some of the most important developments in open source intelligence news.

Oct 26 14:13

The Stock Market’s Biggest Black Swan

Oct 26 12:54

PETRO-YUAN: CHINA HAS GRAND AMBITIONS TO DETHRONE THE DOLLAR. IT MAY MAKE A POWERFUL MOVE THIS YEAR

China is looking to make a major move against the dollar's global dominance, and it may come as early as this year. The new strategy is to enlist the energy markets' help: Beijing may introduce a new way to price oil in coming months — but unlike the contracts based on the U.S. dollar that currently dominate global markets, this benchmark would use China's own currency. If there's widespread adoption, as the Chinese hope, then that will mark a step toward challenging the greenback's status as the world's most powerful currency.

Oct 26 12:46

States with the most people on food stamps

With grocery bills priced as high as $1,300 per month as of late, some American workers simply cannot afford all of their groceries on top of everything else they already have to buy. This is why the government offers food stamps.

The USDA Food and Nutrition Service reports that as of September 2014, there were around 46.5 million individual food stamp recipients (22.7 million households) receiving an average benefit of $123.74 each (around $257 per household).

To be eligible, a household has to earn a gross income amount that's less than 130% of the poverty level, or a net income amount (gross income minus deductions) that's less than 100% of the poverty level for their family size.

Oct 26 11:52

Trump: ‘My Generals’ Authorized US Missions In Niger': I Gave Them Authority to Do What's Right'

In comments Wednesday regarding the recent revealed US military operation inside Niger, President Trump confirmed that he never personally authorized any of the mission, but rather that “my generals and my military” did that all on their own.

Trump insisted his generals “are great generals” and “I gave them authority to do what’s right” and he is confident that eventually “we’re going to win.” Trump added that he’s been finding out about the mission just like everyone else has.

Which seems like a huge problem, despite no one treating it like one. President Trump was apparently “informed” of Niger after the October 4 ambush when they realized one of the soldiers was missing, and Senate Armed Services

Webmaster's Commentary: 

The stock answer as to why the US military is in Niger is "ISIS"; the real answer as to why the US military is in Niger has to do with its abundance of natural resources; expropriating them; and not letting Russia or China exploit them.

The Natural Resources of Niger

And that President Trump was not informed of the Niger operation until after the ambush had taken place, smacks of an absolutely cavalier lack of communications between his generals and President Trump.

To an ordinary person like myself, this is extraordinarily frightening, and could, potentially, put us into a would war which the President would be unable to stop, because he couldn't see it coming, due to the actions of these generals.

And beneath it, comes the following headline:

US Prepares Armed Drones for Lethal Strikes in Niger: Soldiers' Deaths Used to Pressure Niger Govt to Accept Strikes

The drone strikes will do precisely what they have done in places like Afghanistan; Pakistan; Somalia; Iraq; Yemen; and Syria; they will kill far more innocent civilians than the bad guys, then radicalize those who are left behind to become jihadists, and our troops' worst enemies, literally.

I am watching the feed on Fox News right now, seeing President selling his proposal to conquer the opioid addiction in this country; I have to wish that this country was not, collectively, so addicted to other countries' natural resources.

Oct 26 10:21

The Stock Market's Biggest Black Swan

Oct 26 10:11

AMERICA'S DRUG WAR IS DEVASTATING MEXICO

Even if the drug war were to end today, there would still be street crime and gangs in the far-distant future. However, these issues would be on a dramatically smaller scale. Mexico’s street gangs could never ascend to the level of an organized crime outfit without the massive profits from illegal drugs to pay for the necessary weaponry, hitmen, political protection, etc.

By the same token, drug money evokes a vicious cycle of rampant criminality that goes far beyond drug trafficking. In other words, Mexico’s cartels are diversified criminal organizations that don’t limit themselves to drug smuggling.

Webmaster's Commentary: 

There are two things which need to happen here. First, decriminalize the use of drugs completely in the US, knocking out the profit motive for creating and selling them.

Secondly, making it impossible for illegal drug gangs to get into the States.

Of course, that is likely to happen when pigs become aware that they are aerodynamic, because of all the money legitimate financial institutions make in laundering drug money, and the huge profits made by for-profit prisons in incarcerating convicted drug felons.

Yes, I know I am cynical; but some days, I just cannot keep up!!

Oct 25 15:59

Nearly 1.5 Million Fewer Americans On Food Stamps Under Trump

Nearly 1.5 million Americans dropped off the food stamp rolls since President Trump’s inauguration in January 2017, according to the latest U.S. Department of Agriculture (USDA) statistics on food stamp enrollment.

Oct 25 15:56

Switch and bait: Apple wants us to wait in line for iPhone X so it can sell iPhone 8s

But with iPhone X, people who don’t line up hours before the store opens likely won’t be able to buy one. It’s a marketing trick. By telling customers iPhone X will be available in store, Apple basically wants to show the world that people still love the iPhone. Recent reports suggest that iPhone 8 sales aren’t exactly robust, and huge lines outside Apple Stores around the world will be nothing less than a visual refutation of the Apple-is-doomed meme.

But the real benefit of iPhone X lines will be the iPhone 8 and iPhone 8 Plus. Once customers realize that they can’t but an iPhone X (and likely won’t be able to for many weeks), an Apple specialist can swoop in to explain why iPhone 8 Plus is just as good. “It has the same processor and storage,” they’ll say. “It has wireless charging, and comes in a cool gold color. Oh, did I mention it’s $200 cheaper?” With that sales pitch, I’m willing to bet that more than a few people will opt for the downgrade.

Oct 25 14:58

The Market Melt-Up Before the Top

Oct 25 12:57

This is America? Government-appointed guardians can sell assets of elderly without their consent

Did you know that there are government-appointed “court guardians” who can deem senior Americans “incompetent,” and on that basis, are authorized to manage their assets — including selling their homes and valuables — and to choose where they live, whom they associate with, and what medical treatment they receive?

As recounted by Rachel Aviv for The New Yorker, that’s what happened to Rudy and Rennie North on September 1, 2013. Rudy, 68, a retired broadcasting consultant, lived with his 66-year-old wife Rennie in Sun City Aliante — an “active adult” community in Las Vegas, NV.

Oct 25 12:52

World War E Is Here

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