ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jul 29 13:40

Another Leveraged Buyout Bites the Dust

Jul 29 13:35

America's Aging Baby Boomers, Forced To Work Until Death, Blamed For Collapsing US Productivity

Now America's deteriorating productivity trend is nothing new; however for the first time it has been blamed on the demographic shift of the US workforce and specifically the vast preponderance of baby boomers stuck in the labor force, instead of - say - half the population of the US and Canada using Facebook on a daily basis. As Bloomberg adds, what's surprising is the composition of the slowdown: one-third is driven by slowing workforce expansion and the rest by a drop in productivity gains. The productivity slump isn't reserved to older workers: it takes place across age groups, the researchers find.

Jul 29 13:29

The Fed Is Preparing For Negative Rates - Here's The Sign Everyone Missed

I explained why a few months ago in my free weekly column, Thoughts from the Frontline, at Mauldin Economics.

In that regard, something important happened recently. And not many people noticed. I’ll do a quick review to explain.

In Congressional testimony last February, a member of Congress asked Janet Yellen if the Fed had legal authority to use negative interest rates. Her answer was this:

In the spirit of prudent planning we always try to look at what options we would have available to us, either if we needed to tighten policy more rapidly than we expect or the opposite. So we would take a look at [negative rates]. The legal issues I'm not prepared to tell you have been thoroughly examined at this point. I am not aware of anything that would prevent [the Fed from taking interest rates into negative territory]. But I am saying we have not fully investigated the legal issues.

So as of then, Yellen had no firm answer either way.

Webmaster's Commentary: 

IF in fact that is true, what is the point of saving money inside any US financial institution?!?

The short answer has to be, none whatsoever.

Jul 29 13:20

Ireland Jails 3 Top Bankers over 2008 Collapse, the Opposite of What the US Did

“By means that could be termed dishonest, deceitful and corrupt, they manufactured 7.2 billion euros in deposits by obvious sham transactions,” Judge Martin Nolan of Ireland said as he convicted three top bankers on Friday for their role in the 2008 financial crisis. They are among the first in the world to be sent to prison for their involvement in the global meltdown eight years ago. The longest-ever criminal trial in Ireland lasted 74 days and led to convictions for former Irish Life and Permanent Bank Chief Executive Denis Casey; former finance director at the failed Anglo Irish Bank, Willie McAteer; and former head of capital markets at the Anglo Irish Bank, John Bowe. They received sentences ranging between two-and-a-half to three-and-a-half years.

Jul 29 11:30

The American Dream Plunges to Record Low

Jul 29 11:02

Full List Of Hillary’s Planned Tax Hikes

Jul 29 09:48

13 Families Rule Our Planet Earth

Jul 29 09:12

Japanese Bond Futures Halted Without Warning

At 2051ET, Japanese government bond futures suddenly halted trading. There was no limit moves or sudden surge in volume and the Osaka Excchange has confirmed it is investigatingthe reasons for the halt. Following the earlier flash-crash in USDJPY, one wonders just what is going on.. and what is coming?

Jul 29 07:51

Central Bankers are Driving Us All Into the Dirt

One of the major triggers I’ve been warning about is already happening, even before we understand and/or admit that we are in a recession. Global corporate debt now sits at a record $51 trillion and is poised to hit $75 trillion by 2020 – just four years away. If interest rates rise and the economy slows, it will be very hard for companies to roll these bonds over – and then we get what S&P Global Ratings is calling “Crexit.” The bond markets dry up for corporate lending, especially higher-yield junk bonds. This would set off a chain of corporate defaults and bankruptcies that would cause central banks to start to lose control of the economy, as they did in 2008 forward.

Jul 29 07:41

BYE BYE MIDDLE CLASS: THE RATE OF HOMEOWNERSHIP IN THE UNITED STATES HAS HIT THE LOWEST LEVEL EVER

The percentage of Americans that own a home has fallen to the lowest level ever recorded. During the second quarter of 2016, the non-seasonally adjusted home ownership rate fell to just 62.9 percent, which was exactly where it was at when the U.S. Census began publishing this measurement back in 1965. This is not what a “recovery” looks like. All throughout the Obama years, the percentage of Americans that own a home has gotten smaller and smaller and smaller. The reason for this, of course, is that the middle class in America is dying. Last year, we learned that middle class Americans now make up a minority of the population for the first time ever. In order to have a high rate of home ownership, you need a thriving middle class, and you can’t have a thriving middle class without good paying middle class jobs. This is why I write about the evisceration of the middle class so extensively, because the U.S.

Webmaster's Commentary: 

Part of President Obama's "legacy", I see.

Jul 29 07:37

THE DRAMATIC FAILURE OF GLOBALISATION

According to wikipedia, Globalisation is the process of international integration arising from the interchange of world views, products, ideas and other aspects of culture. However, over the last ten years there has been a sea change decline in all the indicators that would measure the success of this model. Democracy, economic growth, freedom and the principles of an interchange of world views and culture has been all but abandoned to a vice like grip of globalisation driven by corporate principles of power and greed resulting in war, terrorism, a biblical refugee crisis, fear and a fully co-opted media.

The Economist has just published its annual index on democracy. They found that out of 167 countries, only twenty are “full democracies”. Less than 13 per cent of the world’s countries can now claim to be a democracy. Given that America has graciously forced so much democracy on the world, one could be forgiven for thinking all is not well.

Webmaster's Commentary: 

The real, inescapable fact here is that globalization only "works" for people who are already massively rich; the"trickle down" of profitability to working class people from globalization has never been a reality; only an empty phrase, created to "comfort" those who have lost their jobs through globalization's relentless offshoring/outsourcing of American jobs to the centers of the lowest-cost labor, who are now working two or three minimum-wage jobs, maxing out their credit cards, and may well never be able to be financially solvent again.

There is a lot of economic desperation going on this country right now, and a real sense of having been utterly financially betrayed with by the Globalist Powers that Be in order to enrich their own wallets.

I do not know how that sense of desperation is ultimately going to manifest; but as a Christian pacifist activist, I sincerely caution people NOT to give this government the kind of confrontation in which they have expended billions to put down with extreme prejudice.

Jul 29 07:00

Will Any Future POTUS Matter (Other Than Launching More Wars)?

My own work has focused on two dynamics of the cost of increasingly unproductive complex systems. One is privilege, which can be defined as unearned wealth and power. Privilege is by definition unproductive, and a drain on the economy and society. Once the privileged class (i.e. the protected class that shifts risks and taxes to the unprotected/non-elite classes) expands and social mobility decays, the economy collapses under the dead weight of the privileged class.

I covered the history and dynamics of this process in The Lesson of Empires: Once Privilege Limits Social Mobility, Collapse Is Inevitable (April 18, 2016).

The second dynamic is the destructive consequences of a self-serving political-financial elite that is structurally incapable of real reform because real reform will collapse the high-cost structures that enable the concentration of wealth and power.

I explain these dynamics in Why Our Status Quo Failed and Is Beyond Reform.

Jul 29 06:33

EU plans to create European cross-border PENSION scheme in bid to inject cash into euro

BRUSSELS' bureaucrats are plotting a bloc-wide personal pension scheme as part of desperate efforts to boost the economy and save the euro, it has been revealed.

The European Commission (EC) is looking at how to encourage savers to invest into retirement schemes, so the cash can be used for business and economic growth.

A consultation has now been launched looking at a personal pension framework that would work across borders, with the commission asking for views from savers and businesses.

Jul 29 06:30

How bad is EU’s economic crisis? Italy prepares RESCUE BIDS ahead of stress tests on banks

AMID a toxic cocktail of low interest rates and stalling economic growth, the full scale of Europe's banking crisis is set to be laid out this evening.

Investors are nervously awaiting for the results of the European stress tests, which are designed to show how well prepared firms are for market shocks or downturns.

Italian and German bank balance sheets are drawing the biggest concerns ahead of the results, which are to be released after markets close at 9pm British time.

A late minute rescue deal has been tabled for Italy’s Monte dei Paschi di Siena (MPS), the world’s oldest bank, as investors and pensioners brace for the result of the assessment of its economic health.

Jul 29 06:16

Marissa Mayer's Payday Is Even More Insane Than You Think

After the Verizon VZ -0.83% deal was announced on Monday, the Internet erupted in outrage that Yahoo CEO Marissa Mayer could collect as much as $55 million. That’s the figure Yahoo YHOO -0.36% stated in April that Mayer could collect if the company were sold and more-than enough to get observers who think Mayer has not done a great job to declare her pay unfair, and another sign that corporate compensation is corrupt.

But, here’s the thing, that widely reported $55 million figure grossly understates what Mayer is likely to pocket after the deal closes.

The real number: $122,578,795.

Jul 29 05:53

Death of 747 now 'reasonably possible' says Boeing

Six months after slicing production of the iconic Boeing 747 to just one plane a month, the aerospace company has decided to halve the rate of production and flagged it is close to killing off the plane.

A new Form 10-Q filed with the United States Securities and Exchange Commission spells out the ugly situation as “Lower-than-expected demand for large commercial passenger and freighter aircraft and slower-than-expected growth of global freight traffic have continued to drive market uncertainties, pricing pressures and fewer orders than anticipated.”

Boeing has therefore “canceled previous plans to return to a production rate of 1.0 aircraft per month beginning in 2019.”

The company still has “32 undelivered aircraft” on its books, some yet to be built. But it also has “a number of completed aircraft in inventory” for which buyers cannot be found.

Jul 29 05:47

GDP Shocker: US Economy Grew Only 1.2% In Second Quarter; Q1 Revised To 0.8%

With Wall Street expecting the US economy to grow 2.6% in the second quarter, there were mnay shocked faces moments ago when the Census Bureau reported that not only did the US economy grow a paltry 1.2% in the quarter, but Q1 GDP was slased from an already poor 1.1% to just 0.8%.

Jul 29 03:39

Too fast? They're furious: Pilots' union says American Airlines compromises safety

The president of American Airlines’ pilots union said he’s alarmed by a new management initiative to speed up some flight plans, stating in a Thursday letter to union members that it could “compromise the margin of safety.”

“This erosion of the safety margin cannot be tolerated. Pilot pushing leads to ‘rush to comply’ behavior,” Capt. Dan Carey, who was elected president of the Allied Pilots Association earlier this month, wrote in the letter. “American Airlines’ operations are clearly over-scheduled, and management is now resorting to improvisation. Don’t let management’s schedule-planning mistakes become your next crisis.”

Carey is referring specifically to an initiative laid out in a July 12 memo from American’s chief operating officer Robert Isom. The memo outlines “speed up flight plans” as a way to reduce delays in certain circumstances.

Jul 28 20:11

Record 94,708,000 Americans Not in Labor Force; Participation Rate Drops in May

A record 94,708,000 Americans were not in the labor force in May -- 664,000 more than in April -- and the labor force participation rate dropped two-tenths of a point to 62.6 percent, near its 38-year low, the Labor Department's Bureau of Labor Statistics reported on Friday.

When President Obama took office in January 2009, 80,529,000 Americans were not participating in the labor force; since then, 14,179,000 Americans have left the workforce -- some of them retiring and some just quitting because they can't find work.

Jul 28 19:57

Overly Simple Energy-Economy Models Give Misleading Answers

In the book Secular Cycles, Peter Turchin and Surgey Nefedov approach the problem of what causes civilizations to collapse using a modeling approach. According to their analysis, the kinds of things that caused civilizations to collapse very much corresponded to the symptoms of increasing complexity:

Problems tended to develop when the population in an area outgrew its resource base–either the population rose too high, or the resources become degraded, or both. The leaders would adopt a plan, which we might consider adding “complexity,” to solve the problems. Such a plan might include raising taxes to be able to afford a bigger army, and using that army to invade another territory. Or it might involve a plan to build irrigation, so that the current land becomes more productive. A modern approach might be to increase tourism, so that the wealth obtained from tourists can be traded for needed resources such as food.
According to Turchin and Nefedov, one problem that arises with the adoption of the new plan is increased wealth disparity. More leaders are needed for the new complex solutions. At the same time, it becomes more difficult for those at the bottom of the hierarchy (such as new workers) to obtain adequate wages.

Jul 28 16:02

Return Of The Slums: 31 People Found Living In Single-Family Home In London

A landlord was exposed and shamed online after his four-bedroom London property was found to be housing 31 people, including in a backyard wooden shack.

Jul 28 15:50

O2 sales dip 9% as tight-fisted Brits cling to their old handsets

Sales at O2 UK fell by 8.9 per cent to €3.46bn (£2.91bn) for the first half of the year, as customers opted to hang on to their old handsets rather than upgrade.

Jul 28 15:47

Will Theresa May’s Bespoke Brexit Package Wash With Brussels?

Prime Minister Theresa May has made clear she wants a bespoke Brexit package suited to the UK – a demand which could fall on deaf ears among notoriously inflexible EU officials.

Speaking alongside her Italian counterpart, Matteo Renzi, May said she has an “open mind” about upcoming Brexit negotiations and that Britain should not pick an agreement already “on the shelf.”

Jul 28 15:40

Homeownership Rate in the U.S. Drops to Lowest Since 1965

The U.S. homeownership rate fell to the lowest in more than 50 years as rising prices put buying out of reach for many renters. The share of Americans who own their homes was 62.9 percent in the second quarter, the lowest since 1965, according to a Census Bureau report Thursday. It was the second straight quarterly decrease, down from 63.5 percent in the previous three months.

Jul 28 15:16

Peter Schiff: Time Is Running Out, “Crisis Worse Than 2008 Coming”

Economic expert Peter Schiff speaks on not only the safe haven of gold, and what is at stake in the election, but just how dire the financial consequences will be when the great storm hits and batters everyone.

Jul 28 14:55

Brexit Fails To Contain Rising UK House Prices

House prices in Britain have continued to rise in the wake of the Brexit vote, a report says.

British house prices have risen at their fastest annual pace in four months in July at 5.2 percent, according to Nationwide, whose latest survey showed average prices edged up 0.5 percent from June alone.

Jul 28 14:30

California Audit Reveals Pension Debt Grew by 2,000%

Government accounting rules have forced a California audit that has revealed an increase in the “debt” it owes for pension liability by 2,000 percent this year. The state could nearly double the debt again next year when it is forced to account for unfunded retiree health benefits.

Jul 28 13:59

Shield Yourself From The Central Banksters

How much of your investment portfolio is in gold? Five percent? Ten percent? One contrarian investor believes that the yellow metal should control one-quarter of your portfolio.

Jul 28 12:18

FLASHBACK - BILL CLINTON LOOTED SOCIAL SECURITY TO CREATE HIS FEDERAL BUDGET SURPLUS

Well, the truth is...ah, shoot, well, we all know there's Washington's math problem. Alan Sloan in this past week's Newsweek says he spends 150%. What we've been doing, Mr. Chairman, in all reality, is taken a hundred billion out of the Social Security Trust Fund, transferring it over to the spending column, and spending it. Our friends to the left here are getting their tax cuts, we getting our spending increases, and hollering surplus, surplus, and balanced budget, and balanced budget plans when we continue to spend a hundred billion more than we take in.

Jul 28 11:52

The Most Dangerous Jobs in America

Police are 15th.

1 Logging workers 110.9 78
2 Fishers and related fishing workers 80.8 22
3 Aircraft pilots and flight engineers 64 82
4 Roofers 47.4 83
5 Refuse and recyclable material collectors 35.8 27

Jul 28 11:46

GESTAPO IN THE USA: FCC INTIMIDATES PRESS AND KILLS FREE SPEECH AT 5G ROLLOUT

In a public meeting at FCC headquarters on July 14, the agency which once served the people instead acted like tyrannical thugs, in an escalating series of remarkable events.

First, they prevented wireless science advocates from displaying a simple sign, violating their First Amendment rights in a public venue. Then, a security guard forcefully prevented a t-shirt from being taken out of a bag, by a former Congressional candidate with opposing views.

Next, a Bloomberg reporter had his credentials confiscated — almost unbelievably — for merely talking with the former Congressional candidate.

WHY IS THE FCC RESORTING TO GESTAPO-LIKE TACTICS OF SUPPRESSION AND OUTRIGHT INTIMIDATION?

Webmaster's Commentary: 

It's always "profits uber alles" for this country's government, at this state.

Jul 28 11:31

ALERT: Derivative BIG Bank Collapse?

Jul 28 11:02

There’s No Such Thing As A ‘Free Market’

The debates leading up to the election this year will no doubt invoke the “American value” of capitalism. But what, exactly, does that mean? And what should it mean?

I’m no economist, but I took a few economics courses while earning an undergraduate business degree. Growing up in a capitalist society, I thought I understood the basic concepts underlying capitalism — free markets, competitive advantage, and so forth.

Jul 28 11:00

DEMOCRATIC PARTY OFFICIAL PLATFORM IS PRO-FRACKING, PRO-MONSANTO, PRO-TPP, AND ANTI-GMO LABELING

Because of the diverse audience we attract, there are a lot of Natural News readers who are still supporting the Democrats. If you're one of those people, it's time for you to question what you're really supporting because you may not be aware that the democratic party openly supports fracking, Monsanto, vaccine mandates, chemical agriculture and the TPP. On top of that, they're mostly opposed to GMO labeling, too. Only Sen. Sanders really stood up to the biotech industry on that point, and now after the DNC email leaks, you know how the democrat establishment hosed Sanders with a vindictive smear campaign to destroy his chances of winning the nomination.

The truth is, the Democrat party is not a party of progressive ideas. Even the progressive news website Common Dreams has authored this piece blasting the DNC for its betrayals.

Webmaster's Commentary: 

By voting for Hillary Clinton this November, you will be voting for a criminal machine; a narcotopcracy; a Frankenstinian environment hater; a lover of war and the military industrial complex.

You will be voting for more wars, the re-introduction of the draft, and more offshored/outsourced jobs.

The "Clinton Cash" documentary has been bumped up to the top of the WRH website, so please do take a look.

Jul 28 10:51

DEUTSCHE BANK PROFIT PLUNGES 98 PERCENT AS THE OUTLOOK FOR “THE WORLD’S RISKIEST BANK” DARKENS

The biggest and most important bank in the biggest and most important country in Europe continues to implode right in front of our eyes. If you follow my work regularly, you probably already know that I issued a major alarm about Deutsche Bank last September. Subsequently, Deutsche Bank stock hit an all-time low. Then I sounded the alarm about Deutsche Bank again back in May, and once again that was followed by another all-time low for Deutsche Bank. And then I warned about Deutsche Bank again in early June, and you can probably imagine what happened after that. Over the past year, this German banking giant has literally been coming apart at the seams, and in so many ways it is paralleling exactly what happened to Lehman Brothers back in 2008.

Jul 28 09:57

NOBODY KNOWS WHO’S PAYING FOR THE PRIVATELY FUNDED DEMOCRATIC NATIONAL CONVENTION

Earlier this week, in my article titled, Hillary Clinton is in Deep Trouble – “Hordes of Wall Street Executives” Descend Upon Philly, I highlighted how all the Wall Street executives and lobbyists who avoided the RNC were excitedly flooding into the Democratic Convention. Here’s an excerpt:

Lobbyists are being welcomed back into the fold of the Democratic Party as the Obama era draws to a close.

Presumptive Democratic nominee Hillary Clinton has accepted more than $9 million in bundled donations from registered lobbyists, while the DNC has rolled back the lobbyist bans that Obama put into place.

“In 2008 and 2012, there was no integration with the [Obama] campaign,” said Al Mottur, a senior Democratic lobbyist at Brownstein Hyatt Farber Schreck, adding that he would have liked to have helped. “Now, the campaign is welcoming — they’re open to us. That’s why I’ve done as much work for her as I’ve done on her behalf.”

Webmaster's Commentary: 

Of course, lobbyists are flocking to the Clinton campaign; she's openly for sale, and will take anyone's money.

Speaking of which, there is a very "interesting" correlation in the funds the Clinton Foundation openly accepted from various North African and Middle Eastern countries. As reported at breitbart.com on 14 June of this year:

Hillary Clinton Took Millions from Anti-LGBT Countries That Jail and Execute Gays

In her response to the Islamic terror attack in Orlando, Hillary Clinton called on the governments of Saudi Arabia, Qatar, and Kuwait to stop allowing their citizens to fund terrorists and to “stop supporting radical schools and mosques.” However, she failed to mention that the Clinton Foundation has spent years accepting millions in donations from countries that throw homosexuals in prison, fine them, sentence them to hard labor, and even execute them for the “crime” of being gay.

But trust me, there's a lot more ugly with these countries from which she took this money.

So what else do the countries of Algeria, the Sultanate of Brunei, Kuwait, the Sultanate of Oman, Qatar, Saudi Arabia, and the UAE all have in common, in the 21st century?!?

The all still permit the barbaric practice of female genital mutilation.

Countries which still permit female genital mutilation

The correlation is nothing less than completely staggering.

So I have an ethics question to ask of the Clinton campaign; how in the name of heaven, as a person who is allegedly pro-woman, and pro-lgbtq, could Hillary Clinton knowingly take money from countries which fine, imprison, torture, and slaughter members of the lgbtq community, and permit female genital mutilation?!?

Hey, DNC: I'm waiting.....and your silence is thoroughly deafening.

Jul 28 09:42

Get Ready For America’s New $29 Trillion Debt

Jul 28 09:35

Amazon Delivery Drones Are Just The First Step To A Highway In The Sky

By Andy Miah, University of Salford

Amazon recently announced plans to test a drone delivery system in parts of the UK that are hard to access with conventional delivery methods. While much attention has focused on the service it would provide to Amazon customers, the really interesting story is what this agreement with the British government tries to achieve on a much broader level.

If successful, it will essentially create a high-altitude floating highway between 200 and 400 feet above the ground, within which a whole range of activities could be performed...

Jul 28 09:32

FORD PLUNGES AFTER WARNING "WE DON'T SEE GROWTH", WARNS US AUTO INDUSTRY "HAS PLATEAUED"

The reason Ford stock is plunging this morning is not so much the company's earnings miss, when the US auto giant reported Q2 EPS of $0.52, below the $0.60 expected, but because in some startling language, CEO Mark Fields laid out a very gloomy picture of the future.

As the company reported in its press release, it told investors to "expect another strong year of results, and Ford committed to full year guidance of company pretax profit and operating margin equal to or better than last year; however, company now sees risks challenging achieving guidance. Entire Ford team working to mitigate the risks."

A key part of the problem is one shown here repeatedly over the past year, namely the troubling increase in auto inventories, which are now at 5 year highs, and the inventory to sales ratio back to levels seen during the last recession.

Webmaster's Commentary: 

I don't know about where you live, but here in Hawaii, auto companies are leasing cars at absolute giveaway prices.

But people here are hanging on to their vehicles the best they can, because they absolutely don't have the money to get a newer car, and are afraid they can't make the lease payments, no matter how reasonable those may be.

And as a sign of how bad the times are, on several local radio stations, there's an ad for a dealer offering "repoed" (repossessed)vehicles at substantially lowered prices.

Mike and I will look, shake our heads, and say, "They obviously cannot move product, to have lease prices THIS low."

Jul 28 08:47

Yield Curveball - Mike Maloney

Jul 28 08:46

Restaurant Recession Could Signal Tough Times for U.S. Economy

Analysts are forecasting a "restaurant recession" in the U.S., which is bad news for America's food and drink establishments and potentially even worse news for the economy at large.

Paul Westra, a senior research analyst at Stifel Financial Corp., said in a research note Tuesday that he'd turned "decidedly bearish" on the restaurant industry, downgrading Stifel's stance on 11 different restaurant stocks, including Chipotle Mexican Grill, Panera Bread and Cheesecake Factory.

Jul 28 07:50

Panama Papers: Offshore Firm Helped Billionaires Plunder Africa

Mossack Fonseca, the offshore law firm at the heart of the Panama Papers leak, helped politicians, their families and businessmen rob Africa of billions of dollars, according to a new investigation.

The International Consortium of Investigative Journalists, which published the leak along with dozens of international media, found that 44 of 54 African countries have a total of at least 37 mining, oil and mineral companies connected to offshore accounts.

Their research, published Sunday, focuses on a case in Algeria, where Farid Bedjaoui, nephew of a former Algerian foreign minister, arranged US$275 million in bribes through offshore companies to award US$10 billion oil contracts.

Jul 28 07:23

FBI ARRESTS HSBC BANKERS, BUT LEAVES YOU TO CONNECT THE DOTS

Every now and then one just has to stop and admire the banksters; for duplicity, subtlety, and a tapestry of relationships that leaves one wondering just how deep the corruption goes, for a tangle of political corruption that perhaps only divine omniscience and ubiquity could sort out, they are unparalleled. What am I talking about? Well, this one may leave you scratching your head, as it did me, and I am tempted to file this one under the "you tell me" category: the FBI, apparently, has arrested two senior managers at HSBC(Hong Kong and Shanghai Banking Corporation):

Webmaster's Commentary: 

Here are some of the dots...

Jul 28 06:54

Another Madoff? This Time It’s Platinum

With all the attention on the political conventions, random terror attacks and the upcoming Olympics (where we Americans may have finally defeated the Russians without the inconveniences of competing in sports), Wall Street’s latest billion dollar fraud has gone little noticed.

Jul 27 18:36

Is Europe Doomed By Vassalage To Washington? — Paul Craig Roberts

World War II resulted in Europe being conquered, not by Berlin but by Washington.

The conquest was certain but not all at once. Washington’s conquest of Europe resulted from the Marshall Plan, from fears of Stalin’s Red Army that caused Europe to rely on Washington’s protection and to subordinate Europe’s militaries to Washington in NATO, from the replacement of the British pound as world reserve currency with the US dollar, and from the long process of the subordination of the sovereignty of individual European countries to the European Union, a CIA initiative implemented by Washington in order to control all of Europe by controlling only one unaccountable government.

With few exceptions, principally the UK, membership in the EU also meant loss of financial independence. As only the European Central Bank, an EU institution, can create euros, those countries so foolish as to accept the euro as their currency no longer have the power to create their own money in order to finance budget deficits.

Jul 27 12:42

Keep It Coming: China Looks to Russia to Supply its Gold Rush

Though it is the world's biggest producer, China cannot keep up with its demand for gold, and Russian representatives at this week's China Gold Congress & Expo in Beijing are keen to strike deals to supply the Chinese market.

Jul 27 12:41

Leaked Clinton Emails Reveal Continued Efforts to Sabotage Venezuela

Despite her public appeals for friendship, a series of leaked emails show that during her time as Secretary of State, Hilary Clinton, has continued to promote subversion against the Latin American country behind closed doors.

Jul 27 11:43

Bill Clinton ‘Unaware’ Brother-In-Law on Board of Haitian Gold Mine that Landed Rare Permit

New reporting by the Washington Post finds a gold mine in Haiti. Or, at least, confirms previous reporting from Breitbart News about a gold mining contract in that troubled country.

In an expose about the controversial Bill, Hillary & Chelsea Clinton Foundation, the newspaper’s Kevin Sullivan and Rosalind S. Helderman write that:

Controversy surrounding the Clintons only deepened with the recent revelation, contained in an upcoming book by Peter Schweizer, that Tony Rodham — Hillary Clinton’s younger brother — serves on the advisory board of a U.S.-based company that in 2012 won one of Haiti’s first two gold-mining permits in 50 years. After objection from the Haitian senate, the permits have been placed on hold.

Webmaster's Commentary: 

A coincidence, on the original issuing of those permits?!?

I think, NOT!!

Jul 27 11:40

“Two for the Price of One”: Democrats Nominate Clinton Crime Family for a Second Co-Presidency

Bill Clinton once bragged about electing him president meant getting “two for the price of one.”

Here we go again. Exposed electoral rigging along with unelected party insider super-delegates handed the Clinton crime family another chance for the nation’s highest office.

Will November electoral rigging assure it, letting both legally challenged Clintons lead America – perhaps into the abyss if occurs?

Sanders capped his sellout to everything he campaigned against, urging Hillary be nominated by acclamation. In disgust, over 500 of his delegates walked out.

He transformed himself into Hillary’s puppet, urging his followers to betray their principles – selling out to wealth and power like all the rest.

All-out activism against a corrupted system is crucial.

The alternative is a nation more unsafe and unfit to live in than ever, Wall Street and war-profiteers more greatly empowered, and the unthinkable risk of WW III.

Webmaster's Commentary: 

A Hillary Presidency will guarantee more wars; the return of the draft, for both our young men and young women; more offshoring/outsourcing of American jobs; more collapsed infrastructure; and far more criminal corruption of the US government.

Mike is absolutely correct when he mentions that a Trump victory has to be a landslide to prevent this, because of voter nullification, through vote machine rigging; and Hillary's people are expert at this (Just look at how Sanders got creamed in California, when he actually won the California primary!)

So this election has to go all the way, in the most peaceful, and legal way possible, to insure a Trump victory.

Jul 27 11:28

IMF and China Accelerate Creation of New Global Reserve Currency

So after the G20 meeting on July 25, the deputy director of the People’s Bank of China’s (PBOC) International Office Zhou Juan immediately countered the concern about a lack of market demand. He said an international development organization like the Asian Infrastructure and Investment Bank (AIIB) could issue SDR bonds in China as late as August, according to Chinese newspaper Caixin.

Zhu echoed both Ocampo and the IMF and said that “SDR-denominated bonds should be appealing to official investors at their preliminary stage because they can provide diversified investment products and reduce exchange rate and interest rate risks.”

Webmaster's Commentary: 

This could well undermine the petrodollar for good; is it no wonder that the US government is threatening war against China in the South China Seas to prevent a rise in the use of this financial instrument, as well as the rise of the gold-backed yuan, which is not convertible to US dollars?!?

Jul 27 10:50

Hillary Clinton: Class President of A Failed Generation

The baby boom generation which started with so much promise when it came of age in the 1960s has ended up a colossal failure. It has turned America into a bloody imperial hegemon aboard and a bankrupt Spy State at home where financialization and the 1% thrive, half the population lives off the state and real main street prosperity has virtually disappeared from the land.

Quite a deplorable legacy, that. And all the while Hillary has been our class president. God help the world if she becomes our nation’s President. She has betrayed all that was right about the baby boomers in the 1960s; and has embraced all the wrong they did during their subsequent years in power.

Jul 27 10:23

Ukraine’s finance minister says sees no reason to repay $3 bln debt to Russia

Ukraine sees no reason to repay its three billion U.S. dollar debt to Russia, Ukrainian Finance Minister Alexander Danilyuk said on Tuesday.

"I don’t see why Ukraine should repay this money," he said in an interview with the Espresso television channel.
"It was a political loan we were forced to take," he said, adding that another reason not to repay the debt is the developments around Crimea and Donbass.

In his words, Kiev will use these arguments in its litigation with Russia at London’s High Court.

The current Ukrainian authorities maintain that the loan was a kind of Moscow’s reward to former Ukrainian President Viktor Yanukovich for his refusal to sign the association agreement with the European Union. Back in February, Ukraine’s Foreign Minister Pavel Klimkin said his country’s position at the High Court in London will be that Ukraine’s debt to Russia was "a bribe both in terms of form and in terms of essence."

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Webmaster's Commentary: 

If this lawsuit is successful, Ukraine has to find a way of paying the money back.

If they do not, credit to the country will get frozen.

If unsuccessful, Russia will find asymmetric economic ways of exacting pain from Ukraine that its leadership cannot yet even fathom, perhaps even enough to foment a counter-revolution which puts Ukraine back in Russia's geopolitical orbit.

Jul 27 09:45

??Deutsche Bank profits plummet 98%, CEO warns of further cuts

Germany’s biggest bank posted a net profit of €20 million in the second quarter of the year. This is down from €796 million in the same period in 2015.

Jul 27 09:21

'EU IS NOT HONEST' TURKEY THREATENS TO SEND 3MILLION MIGRANTS AS EU 'FAILS TO GIVE £2.5BN'

President Erdogan claimed the EU was not honest
Erdogan claimed Turkey had only received a fraction of the money promised to them for taking in migrants sent back from Greece - stating they were given just a third of the €3bn promised.

But the Commission has hit back, saying the leader's allegations were "not true" as the full sum had been sent over.

The deal, and the promised cash, allows Europe to send Middle East refugees who arrived in Greece back to Turkey in exchange for political and financial freedom.

But the Turkish leader estimated Turkey has spent some £9.12billion (€10.9 bn) to help refugees since the start of the five-year civil war in Syria.

Turkey has spent some £9.12billion to help refugees

He added: "Ask them, did you pay? But Turkey still hosts 3 million people.

"What would Europe do if we let these people go to Europe.

Webmaster's Commentary: 

The European economy is already teetering on fine edge right now.

Another flood of refugees would put it absolute over the edge, economically, and voters would demand regime change in every country which allowed more refugees in.

And unfortunately, no leader in Europe has the "male attributes" to demand that President Obama stop these wars of conquest, which are creating the refugee problem in the first place!

Jul 27 08:39

Moody’s Downgrades Alaska

Alaska’s credit rating was downgraded by Moody’s Investors Services, in the midst of its multi-billion-dollar deficit. Moody’s dropped the Last Frontier’s general obligation rating from Aa1 to Aa2.

Webmaster's Commentary: 

Another victim of that ill-conceived oil-price war against Russia!

Jul 27 08:12

LOL! Hillary Lied To Bernie Supporters About THIS Huge Issue – Trump Was RIGHT!

One of the biggest reasons Bernie Sanders supporters were not on board with Hillary Clinton being the Democrat nominee was because of her support for the controversial trade agreement known as TPP (Trans-Pacific Partnership).

During the campaign Hillary announced that she suddenly opposed the TPP, but many thought it was just politics and that once elected she would once again support it.

Turns out those fears are well-founded!

Jul 27 07:33

Central Banks In Lose-Lose Situation

Jul 27 07:23

The Ice Age Returneth

Jul 26 16:04

McDonald’s To Close 500 More Stores In 2016 As Consumers Adopt Healthier Habits

In 2015, McDonald’s closed 700 restaurants to save money. 2016 doesn’t seem to be faring much better for the fast food corporation… As you might remember, the corporation ended up closing 700 restaurants around the world in 2015 – 350 more than was initially planned. At the time, McDonald’s spokesperson Beca Hary…

Jul 26 15:23

A Fifth Of Parents Skip Meals So Kids Don’t Go Hungry During Summer Break

A fifth of parents go hungry during the day in order to ensure their children get enough food in the long summer school holiday, a survey by a leading poverty charity has found.

Jul 26 14:50

NZ Asians At Risk Of Exploitation – Study

Last week in New Zealand a report was released by the Families Commission that focused on how families from different ethnicities were faring.

Jul 26 14:33

Can Hyperinflation Really Happen?

Jul 26 13:59

Over $100,000: How Much Big Finance Rips You Off

We estimate that the financial system will impose an excess cost of as much as $22.7 trillion between 1990 and 2023, making finance in its current form a net drag on the American economy.

That is indeed a drag.

Jul 26 13:53

AHEAD: $100 Silver, $10,000 Gold | Bo Polny

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