ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Dec 20 08:19

The Afghanistan Fiasco and the Decline and Fall of the American Military

A devastating investigative report was published in the Washington Post on December 9th. Dubbed the “Afghanistan Papers” in a nod to the Vietnam War’s famous “Pentagon Papers,” the report relied on thousands of documents to similarly expose how the US government at the presidential level across three administrations, acting in collaboration with the military brass and civilian bureaucracy, deliberately and systematically lied repeatedly to the public and media about the situation in Afghanistan.

The story should have been featured all across the US as Afghanistan continues to kill Americans and much larger numbers of Afghans while also draining billions of dollars from the United States Treasury, but the mainstream media was largely unresponsive, preferring to cover the impeachment saga.

Dec 19 18:03

House of Representatives Passes USMCA Integration Scheme

On Thursday, December 19, 2019, by a vote of 385 Yeas to 41 Nays, the House of Representatives overwhelmingly passed the United States-Mexico-Canada Agreement Implementation Act (H.R. 5430) to approve and implement the USMCA regional integration scheme.

Of those who voted against the sovereignty-crushing regional merger scheme, Representative Justin Amash (I-Mich.) tweeted earlier on Thursday:

Dec 19 16:22

The 20 Best-Performing Stocks of the Decade

Dec 19 14:47

Global stocks vs global QE

Dec 19 12:58

Italian Bonds Tumble On Fears Another Government Collapse Is Imminent

For years, reformers have been pushing for changes to the Italian government structure that would, among other changes, reduce the number of seats held by lawmakers. Back in October, Giuseppe Conte's coalition government voted in favor of a plan to reduce the number of lower house members from 630 to 400, and the number of senators from 315 to 200.

Throughout modern political history, examples of legislative bodies voluntarily accepting reforms that would knowingly curtail the powers and privileges of its members are few and far between, and Italy is no exception. Not long after the vote, a group of mostly opposition members tried to crash the government and hold a new snap election to save their seats. I mean, what other choice did they have? They're politicians...do you really expect them to go out and get a real job?

Of course not.

Dec 19 12:30

Apple and Google named in US lawsuit over Congolese child cobalt mining deaths

A landmark legal case has been launched against the world’s largest tech companies by Congolese families who say their children were killed or maimed while mining for cobalt used to power smartphones, laptops and electric cars, the Guardian can reveal.

Apple, Google, Dell, Microsoft and Tesla have been named as defendants in a lawsuit filed in Washington DC by human rights firm International Rights Advocates on behalf of 14 parents and children from the Democratic Republic of the Congo (DRC). The lawsuit accuses the companies of aiding and abetting in the death and serious injury of children who they claim were working in cobalt mines in their supply chain.

The families and injured children are seeking damages for forced labour and further compensation for unjust enrichment, negligent supervision and intentional infliction of emotional distress.

Dec 19 11:12

AFGHANISTAN WAR – THE CRIME OF THE CENTURY

Congress and especially Congressional leadership of both parties are all as guilty as the three lying Administrations. They were part of the big lie, falsely presenting to the American people as “expert” witnesses only those bought-and-paid-for Beltway neocon think tankers.

What is even more shocking than the release of this “smoking gun” evidence that the US government wasted two trillion dollars and killed more than three thousand Americans and more than 150,000 Afghans while lying through its teeth about the war is that you could hear a pin drop in the mainstream media about it. Aside from the initial publication in the Washington Post, which has itself been a major cheerleader for the war in Afghanistan, the mainstream media has shown literally no interest in what should be the story of the century.

Dec 19 11:08

SAUDI OIL ATTACK AND CHOREOGRAPHED PROTESTS IN IRAN-ALIGNED COUNTRIES:

In order to bring home the significance of the Persian Gulf’s oil in the energy-starved industrialized world, here are a few stats from the OPEC data: Saudi Arabia has the world’s largest proven crude oil reserves of 265 billion barrels and its daily oil production is 10 million barrels; Iran and Iraq each has 150 billion barrels reserves and has the capacity to produce 5 million barrels per day each; while UAE and Kuwait each has 100 billion barrels reserves and produces 3 million barrels per day each; thus, all the littoral states of the Persian Gulf, together, hold 788 billion barrels, more than half of world’s 1477 billion barrels proven oil reserves.

Webmaster's Commentary: 

The government of Iran may be many things; stupid, however, is not one of them.

They understand that anything which even looks like some kind of attack against American/Israeli assets in the region, would be followed by a counterattack which would turn Tehran into molten glass.

This is also why, when any kind of attack happens in the Middle East or beyond, against American/Israeli assets (and I wouldn't bet against this, right now), you will know for certain, that Iran had no part in it.

Dec 19 10:09

OK Boomer, OK Fed

Dec 19 08:38

Global trade collapse continues...

Dec 19 08:37

Housing Bubbles Are Bad for the Economy…

Dec 19 06:29

NEW YORK FED PLANS TO THROW $2.93 TRILLION AT WALL STREET’S TRADING HOUSES OVER NEXT MONTH

SOURCE: RIGGED GAME
PAM MARTENS AND RUSS MARTENS OF WALL STREET ON PARADE.
One has to wonder how much money it would take for the New York Fed to throw at Wall Street before the New York Times reports to its readers on the biggest Wall Street bailout by the Fed since the financial crisis.

Last Thursday, December 12, the New York Fed announced that over the next month it would shower the trading houses (primary dealers) on Wall Street with a total of $2.93 trillion in short-term loans. The money is for a Wall Street liquidity crisis that has yet to be explained in credible terms to the American people and yet the New York Times does not appear to have an investigative reporter assigned to investigate what’s really going on just 11 years after those same trading houses blew themselves up in the biggest financial crash since the Great Depression and took the U.S. economy along for the ride.

Webmaster's Commentary: 

As an individual who really tries to be frugal, the numbers being thrown around here, are almost dizzying, both in terms of magnitude, and what they mean for the American economy as a whole.

I am very deeply concerned about two issues here; first, the real possibility of a financial crash which would dwarf that which caused the American Great Depression of the 30s, and secondly, the reality that so far, the US government has gotten out of its financial straits through wars.

And have you noticed all the potential "boogie-man countries" recently against which the US media has been waving its collective warmongering digits ?

Let's see; there is China; Iran; Russia; and North Korea.

I would like to hope that all who want President Trump's first term in office to succeed, will share with him the following, butt-ugly reality here; The US military does not have the money; the weaponry; the manufacturing; or the troop strength, with which to win a war with any of the above-mentioned countries.

A war with North Korea almost guarantees a war with China; a war against Iran almost guarantees a war with Russia.

President Trump needs, desperately, to understand these very dark realities, and craft a foreign policy which moves as far away from war, as the American answer to these challenges, as he can possibly move that foreign policy.

Dec 19 06:04

APPLE, GOOGLE, MICROSOFT, DELL AND TESLA ARE SUED OVER ALLEGED CHILD LABOR IN CONGO

International Rights Advocates filed a federal class action against the five companies in Washington, D.C. on Sunday, where the group is based. The complaint claims that the firms "are knowingly benefiting from and aiding and abetting the cruel and brutal use of young children" to mine cobalt in extremely dangerous conditions.

The defendants have known for a "significant period of time" that Congo’s mining sector "is dependent upon children," the complaint said, adding that cobalt mined in the region is listed as a good produced by child labor or forced labor by the US Department of Labor.

The world's biggest metal exchange is getting serious about child labor and conflict minerals.

"Further, the horrors of the plight of these children has been widely reported in the media," the complaint said, citing reports about the cobalt pipeline published by the Washington Post, the Guardian and others.

Webmaster's Commentary: 

The people at the heads of these corporations don't really care what happens to these kids, because they have all had their consciences surgically removed, before accepting leadership roles in these companies.

Dec 19 05:58

Skyrocketing Costs Will Pop All the Bubbles

Dec 19 05:57

Why OK Boomer Should Really Be OK Fed

Much of the cluelessness and economic inequality behind the OK Boomer meme is the result of Federal Reserve policies that have favored those who already own the assets (Boomers) that the Fed has relentlessly pumped higher, to the extreme disadvantage of younger generations who were not given the opportunity to buy assets cheap and ride the Fed wave higher.

OK Fed: you’ve destroyed price discovery, driven housing out of reach of all but the wealthy and hollowed out the economy, all the while patting yourselves on the back for being so smart and fabulous.

Dec 18 18:11

A woman kept her dead husband's body in a freezer for 10 years and collected his VA benefits, police say

When Utah police arrived at a retirement community to conduct a welfare check last month, they were disturbed to find not only the body of the elderly woman who lived there, but an additional man's corpse tucked inside a deep freezer in her utility room......

Dec 18 17:27

Is A Bull Brewing In Your 2020 Cup Of Jo?

Dec 18 17:10

Why a medieval peasant got more vacation time than you

The Lord only took 1/3 off the top,they worked only 150 days a year. Serfs drank beer all year round and also had entertainment. Other than a few plagues,The Black Death, the Vikings, a dozen Crusades and that 100 year war thing that lasted for 116 years,a better deal than what we get today.

Plowing and harvesting were backbreaking toil, but the peasant enjoyed anywhere from eight weeks to half the year off. The Church, mindful of how to keep a population from rebelling, enforced frequent mandatory holidays. Weddings, wakes and births might mean a week off quaffing ale to celebrate, and when wandering jugglers or sporting events came to town, the peasant expected time off for entertainment.

http://www.lostkingdom.net/the-life-of-a-villager-during-the-middle-ages/

Dec 18 16:36

Monopoly money: Google and Facebook's 'dominance' in online advertising - worth a combined £8 BILLION in 2018 - could drive up prices of flights and electronics, competition watchdog warns

Google and Facebook are so dominant in the advertising market they risk pushing up the cost of flights and electronics, a competition watchdog has warned.

The Competition and Markets Authority (CMA) says it fears the tech giants' large market share could allow them to increase what they charge companies to advertise.

They say these higher charges could be passed on to consumers, pushing up prices.

Dec 18 15:58

CURRENT EQUITIES RALLY SIMILARITIES TO 1999

Dec 18 15:46

French strikers cut ELECTRICITY to thousands of homes, companies and even the Bank of France in bid to force Macron to scrap hated pension reforms

Trade unions cut power to 50,000 homes in Bordeaux and 40,000 in Lyon.

Train services across France also remained disrupted as half a million protested.

President Emmanuel Macron is trying to reform pension system to make it equal.

Thousands of French homes, companies and even the Bank of France have been left without power as strikers march through the streets demanding President Emmanuel Macron drops his hated pension reforms.

Trade unions deliberately severed the electricity supply to 150,000 homes across Bordeaux, Lyon, Nantes and Cherbourg yesterday, and threatened to repeat the action unless the government backs down.

Clinics, fire stations, and railway stations were also left with the lights off, said the government, as the capital Paris remained wracked by protests and without public transport.

Webmaster's Commentary: 

I would like to hope that Macron can do something, other than behaving like a spoiled child, due to that fact that the country hates his attempted pension reforms.

Dec 18 15:11

Turkey calls US ending of Cyprus arms embargo ‘dangerous escalation’

Turkey has warned that the United States’ decision to end a decades-old arms embargo on Cyprus would be a “dangerous escalation.”

In a statement issued late Tuesday, the Turkish Foreign Ministry said the US decision “will have no outcome other than hampering efforts toward a settlement on the island and creating a dangerous escalation.”

The US Congress voted Tuesday to lift the arms embargo on Cyprus, which has been in place since 1987. The measure has passed both chambers of Congress as part of a massive defense spending bill, with President Donald Trump likely to sign it.

The bill comes at a time of tensions between Turkey and the US over such issues as Ankara’s purchase of the Russian S-400 system and Washington’s support for Kurdish-led militants in Syria.

Webmaster's Commentary: 

This ... could get very ugly, very quickly, and someone with some "male Attributes in NATO", has GOT to start working, very hard, and very intelligently, to prevent two NATO members, Greece and Turkey, from assaulting each other, militarily.

Dec 18 15:05

Apple, Google, Tesla profit from child labor in Africa cobalt mines: Lawsuit

Several of the US largest technology firms have been accused of profiting from child labor in Africa cobalt mines, a new lawsuit says.

Apple, Dell, Microsoft, Tesla and Alphabet, the parent company of Google, must pay damages over knowingly profiting from African children laboring under brutal conditions, alleges the suit filed by the nongovernmental organization International Rights Advocates this week.

Cobalt is an essential element used in the rechargeable lithium batteries that fuel many electronic devices.

Dec 18 14:56

Germany ‘won’t back down’ under threat of US sanctions over Nord Stream 2 pipeline with Russia – Merkel

Chancellor Angela Merkel has insisted that Berlin will not give into pressure from Washington after the US Senate approved a bill sanctioning German companies working on a pipeline that will deliver natural gas from Russia.
During Wednesday’s Q&A session in parliament, lawmakers asked Merkel about the possibility of the US slapping sanctions on German companies building the Nord Stream 2 pipeline.

The chancellor said that she firmly opposes such sanctions because they have an extraterritorial effect. They will not push Berlin to abandon the project, however, she said.

Webmaster's Commentary: 

As the American comedian Ron White frequently mentions, "You can't fix stupid."

And in terms of being one of the most ham-fistedly, pig-headedly idiotic things President Trump could have possibly done, just after attempting to shake down NATO members for more money, President Trump wins the crown for complete, abysmal stupidity, relative to both Germany and Europe, with this move.

Dec 18 14:13

Stocks Start 2020 In Expensive Territory

Dec 18 14:12

Moscow and Europe Dislike US Sanctions on Nord Stream 2, Measures Violate Int'l Law - Kremlin

The US Senate on 17 December passed a $738 billion defence bill for the 2020 fiscal year that, in particular, includes sanctions against Nord Stream 2, TurkStream, and bars military-to-military cooperation with Russia.

Kremlin Spokesman Dmitry Peskov has slammed US sanctions on Nord Stream 2 as “a perfect example of unfair competition", saying that Washington is imposing more expensive gas on Europe. He continued on by saying that both "Moscow and Europe dislike US sanctions on Nord Stream 2, as these measures violate international law".

"We assume that this project will be completed", Peskov told reporters, when asked whether the construction of the pipeline could be halted due to the sanctions.

Webmaster's Commentary: 

Congrats, President Trump, for pushing Europe and Turkey closer into the Russian orbit, well done, sir!!

The heights of absurdity have absolutely been breached and reached, with the passage of these sanctions, and President Trump may well have absolutely inflicted the "coup de grace" on NATO, with this bone-headed, tone-deaf move, coupled with his screaming at NATO members for more money, at the Conference earlier this month.

Does the man actually play checkers?!?! And I ask this, because he seems to be completely maladroit at any action which resembles any real diplomacy, and that takes a vision of the long term, as chess does.

Dec 18 13:52

Lights, Camera, Greta! Teen Environmentalist's 'Viral' Rise Has Been A Documentary This Whole Time

eta Thunberg, the 16-year-old environmentalist who started skipping school in 2018 to protest outside the Swedish parliament, has long been promoted a special needs teen whose tireless mission to shame the west into cap-and-trade went 'viral' organically.

In fact, TIME Magazine's Person of the Year had a professional film crew "following Thunberg from her early school strike in Stockholm all the way to parliaments and massive international protests" for a forthcoming documentary on HULU tentatively titled 'Greta,' which is set to air in 2020, according to Deadline.

Director Nathan Grossman - who previously directed a Swedish film about one man's reflection on his life as a carnivore titled "Lusts of the Meat" (Köttets lustar) - has been documenting Greta's mission "to make the world understand the urgency of the climate crisis."

Webmaster's Commentary: 

One also has to wonder... in just how many carbon "cap and trade" companies here parents are invested?!?

And trust me, this is NOT a superfluous question!!!!

Dec 18 13:25

The Crumbling of America

In June of 2013 an Interstate bridge on a main commercial corridor between Seattle, Washington and Vancouver, Canada, collapsed and fell into the river below after being hit by a truck. This was not a high-speed collision; the truck simply bumped one of the main support pillars at low speed, but the weakened and dilapidated pillar broke from the strain and, without that extra bit of support, the entire bridge immediately collapsed. In prior examinations, the heavily-travelled bridge had not only been rated as functionally obsolete but structurally deficient and requiring replacement.

This is only one of thousands; the great majority of the physical infrastructure of the US is in a similar condition, involving roads, dams, bridges and more. More than 160,000 bridges in the US are officially categorized as dangerous, at risk of collapse, with such collapses now regularly occurring. (1) (2) (3)

Dec 18 13:22

The Richest Country’s Empty Plates. 50 Million Hungry Americans

When Reagan came to power in 1980, there were 200 food banks in the US; today there are more than 40,000, all overwhelmed with demand and forced to ration their dispersals. Before 1980, one out of every 50 Americans was dependent on food stamps. Today, it is one out of four.

That 50 million hungry Americans today includes the 25% of all children in the US who go to sleep hungry every night. About 25% of the American population today cannot buy sufficient food to remain healthy, with most of these being hungry for at least three months during each year. It is so bad that many college students have resorted to what we call “dumpster-diving” – looking in garbage bins for edible food.

Perhaps even more alarming was the release of study data in the middle of 2014 documenting that 25% of the US military members are also dependent on food stamps, food banks and other civilian welfare projects for their survival.

Dec 18 11:33

Cruising Pamir Highway, the heart of the Heartland (Part 2 of 2)

Traveling the Pamir Highway, we’re not only facing a geological marvel and a magic trip into ancient history and customs. It’s also a privileged window on a trade revival that will be at the heart of the expansion of the New Silk Roads.

Khorog is the only town in the Pamirs – its cultural, economic and educational center, the site of the multi-campus University of Central Asia, financed by the Agha Khan foundation. Ismailis place tremendous importance on education.

Badakhshan was always world-famous for lapis lazuli and rubies. The Kuh-i-Lal ruby mine, south of Khorog, was legendary. Marco Polo wrote that in “Syghinan” (he was referring to the historical district of Shughnan) “the stones are dug on the king’s account, and no one else dares dig in that mountain on pain of forfeiture of life”.

Dec 18 11:08

Distribution Release: Linux Mint 19.3

The Linux Mint team has published an update to the project's 19.x series, which is based on Ubuntu 18.04 LTS. The distribution's newest release is Linux Mint 19.3 which is available in three editions (Cinnamon, MATE, and Xfce).

Dec 18 10:56

"Mr. Apocalypse is Coming and he is Bringing the Boomslang Boomerang; Cave Dei Videt."

Les is Visibly pissed!

I'm tired of radical homosexuals and transgenders. I'm tired of Hell's Angel leather nuns with chest hair. I'm tired of normalizing the abnormal and tired of drag queens bouncing small children on their tumescent laps. I'm tired of freaks who get prickly heat sweats from watching snuff films. I'm especially tired of the deranged slug bodied liberals, who want to legalize everything and which leads only to a quagmire of flaming nihilism, in an entropic swamp. I'm tired of people not having the courage to stand up against the enemies of humanity with their Talmudic horrors that make Sharia look like kindergarten recess.

Dec 18 10:26

From Boom To Bust: Permian Shale Towns Face Exodus

Perhaps it’s not evident to anyone who is not an oil-worker living in America’s biggest shale towns, but signs of the shale slowdown predicted by many analysts, and the EIA itself, are already surfacing in the form of vacant hotels, a dip in home prices, a noticeable reduction in overtime hours for oil workers, and a change in standards for hiring.

Texas’ Permian basin lost 400 jobs in the first 10 months of this year, according to the Dallas Morning News, and fracking contractor Superior Energy Services Inc. alone announced in late November that it had cut 112 jobs from its Permian Pumpco unit.

Dec 18 10:17

Charting the U.S. Top 50 Advertising Spenders

Dec 18 10:05

Everything is priced in.

Dec 18 08:23

Time To Sell The News?

Dec 18 07:35

The Naughty List and Grizzly Bears

The official US national debt in 1913 was $2.91 billion. In 1971, when President Nixon lied about temporarily disconnecting gold from the dollar, the official national debt was $398 billion.

By 2019 the official national debt has grown to $23,000 billion.

Politicians borrow and spend to reward cronies and buy votes. They also increase their personal wealth. Human nature changes slowly.

From 1913 to 2019 the national debt increased at a compounded rate of 8.8% per year. From 1971 to 2019 the debt also increased at 8.8% per year. This 106-year trend appears stable and likely to continue.

Can you name three congressmen or one lobbyist who advocate spending fewer currency units next year? Nope! Debt will grow exponentially.

Dec 18 07:19

Krieger: "It's A Systemic Looting On A Massive Scale"

The United States has historically bragged about its free and transparent markets. But what the Fed is doing today is pulling a dark curtain around the financing of this so-called free and transparent market. The public has no idea which Wall Street firms have received this $3 trillion or why they can’t borrow it elsewhere. This kind of obfuscation by the Federal Reserve could actually stimulate distrust in the U.S. banking system. The Fed admitted as much in its most recent Federal Open Market Committee (FOMC) minutes, writing that participation in the Fed’s loan program “could become stigmatized.”

– Wall Street on Parade: Is the Fed’s $3 Trillion in Loans to Trading Houses on Wall Street Legal?

The business model of Wall Street is fraud.

– Bernie Sanders

Dec 18 06:21

US Official Gold Reserves Auditor Caught Lying

In my previous post, from March 2018, on the audits of US official gold reserves, I have exposed that during the audit procedures of the US official gold reserves from 1974 through 2008, repeatedly audit staff deviated from the auditing protocol, while internal control meant to prevent this was failing. Many audits and assay reports have been destroyed. For decades a significant share of the metal was excluded from verifications for no apparent reason. And, the US government went to great lengths in withholding information and spreading false information about the audits, among other findings in documents obtained through Freedom of Information Act (FOIA) requests. All in all, these findings made me question the integrity of the auditor.

Webmaster's Commentary: 

Dec 17 16:33

Italian Bank Still in Trouble

Dec 17 14:32

Moms Reclaim Vacant Home Amid National Attacks on Homeless People

She later found out the program had been misappropriating funds, with checks going at least one company that was not properly licensed. Worse, the program had placed people in garages infested with rats and black mold, and women in dangerous housing situations that made them vulnerable to sexual assault.

Dec 17 14:14

Research Traces Cannabis Plant Origins to the Tibetan Plateau 28 Million Years Ago

A fascinating new study published in the journal Vegetation History and Archaeobotany , on May 14, details the work of a team of researchers from the University of Vermont who present their evidence that the cannabis plant “evolved 28 million years ago at a specific area on the Tibetan plateau.”

Titled, “Cannabis in Asia: its center of origin and early cultivation, based on a synthesis of subfossil pollen and archaeobotanical studies”, the study aimed at establishing the oldest common ancestors of the cannabis plant . Led by John McPartland from the University of Vermont the team of investigators analyzed ‘wild-type plant distribution’ data including ‘155 fossil pollen studies.’

Dec 17 11:26

Destruction Of The Family: The U.S. Has The Highest Rate Of Children Living With A Single Parent In The Entire World

You can thank the NWO's feminism for this. We need to make adultery a felony. We need to do away with no-fault divorce and make it much harder to get.
Men are walking away from marriage because there is nothing in it for them. They lose their children and are impoverished by divorce.
The NWO has destroyed the family by destroying men and women and by destroying the relationship between same.

Dec 17 11:12

"The Art Of The Deal" & How To Lose A "Trade War"

This past Monday, on the #Real Investment Show, I discussed that it was exceedingly likely that Trump would delay, or remove, the tariffs which were slated to go into effect this Sunday, On Thursday, that is exactly what happened.

Dec 17 09:34

Euro plunged into crisis by Germany after 11TH month of contraction - and worse to come

Figures form IHS Markit showed the country’s purchasing managers’ index (PMI) fell to 43.4 in December from 44.1 the previous month, the first downward movement in three months. The result was worse than the 44.5 reading predicted by economists in a survey by Reuters. And the eurozone also saw a drop in the PMI, an index of prevailing direction of economic trends in manufacturing and services.

A survey showed it fell from 46.9 in November to 45.9 in December, marking 11 months in a row of contraction.

Dec 17 09:00

THE DEBT BUBBLE IS POPPING NOW Mash

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