ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Apr 07 12:01

Big Banks Will Take Depositors Money In Next Crash -Ellen Brown

The G-20 met recently in Australia to make new banking rules for the next financial calamity. Financial reform advocate Ellen Brown says these new rules will allow banks to take money from depositors and pensioners globally. Brown explains, “It became rules we agreed to actually implement. There was no treaty, and Congress didn’t agree to all this. They use words so that it’s not obvious to tell what they have done, but what they did was say, basically, that we, the governments, are no longer going to be responsible for bailing out the big banks. These are about 30 international banks. So, you are going to have to save yourselves, and the way you are going to have to do it is by bailing in the money of your creditors. The largest class of creditors of any bank is the depositors.”

Apr 07 11:16

The Economic Collapse Fight Has Just Gone To The Next Level

Soros allegedly is going to get into the cryptocurrency market. All jobs were revised from last month and the jobs stats do not look that good. The entire economic system is falling apart.

Apr 07 09:48

A Presidential Bump (In The Road) For Stocks?

Apr 07 09:28

The Tariff War Will Affect the Prices and Availability of THESE Items

By now, unless you have been living in a Wifi-free deadzone, you've heard about the hundreds of billions in tariffs that the United States and China are flinging at one another like ninja throwing stars. When you're hearing numbers like "100 billion dollars" it may seem like this is in an entirely different universe than the one in which you exist.

Unfortunately, that's incorrect.

You can expect up to a 40% increase in the cost of all sorts of things. Here's the list.

Apr 07 06:52

China, holding Treasuries, keeps 'nuclear option' in U.S. trade war

In a tit-for-tat response to the Trump administration’s plan for 25 percent duties on $50 billion of Chinese imports, China hit back with its own list of similar duties on key American imports including soybeans, planes, cars, beef and chemicals. But officials signaled no interest for now in bringing their vast holdings of U.S. Treasuries to the fight.

China held around $1.17 trillion of Treasuries as of the end of January, making it the largest of America’s foreign creditors and the No. 2 overall owner of U.S. government bonds after the Federal Reserve. Any move by China to chop its Treasury portfolio could inflict significant harm on U.S. finances and global investors, driving bond yields higher and making it more costly to finance the federal government.

Apr 07 06:44

Here Are China's Five Options For "Nuclear" Trade War

After Trump ordered the USTR to consider an additional $100BN in tariffs, something we said on Wednesday would happen if the market was dumb enough to allow Trump to think he had a trade war victory by closing green...

...China has suddenly found itself in a quandary: as we showed first thing this morning, if Beijing were to continue responding to the US in a "tit-for-tat", it would be unable to retaliate to the latest Trump salvo of a total $150 billion in tariffs for the simple reason that the US does not export $150 billion in products to China.

Apr 07 06:42

US Deploys Three Carrier Battle Groups To Face-Off Against Chinese Aircraft Carrier In South China Sea

Last week, we reported that satellite images had captured China’s only aircraft carrier in deployment, the Liaoning, flanked by 40 other warships and submarines, conducting unprecedented live-fire drills in the South China Sea. This massive Chinese naval exercise was observed for the first time, with China watchers pointing out that such a forceful display of deterrence was highly unusual for the People’s Liberation Army Navy. Perhaps in light of recent events, it was merely a warning.

Li Jie, a Beijing-based naval specialist, said, “it was the first time the Liaoning had taken part in live-fire drills. This will test the Liaoning’s real combat strength as well as joint-operations skills between the aircraft carrier and warships from other fleets.”

Apr 07 06:31

Planting the Seeds of the Next Crisis

Apr 07 05:58

Real Estate’s #1 Weakness

Apr 07 05:33

$60BN Manager About To Dump All US Holdings: "The Political Risk Is Just Becoming Too Much"

Anybody who has been paying close attention to international economic data (both the hard data, and the "soft" survey data) could tell you that the "synchronized global growth" narrative that proliferated at the beginning of the year has faded as Citi's G-10 economic surprise index, which after peaking at the start of the year, has sunk into negative territory...

Apr 06 16:35

Market Remains Overvalued

Apr 06 15:56

Why Systems Fail

Apr 06 13:23

Part-Time Jobs Added: 310K; Full-Time Jobs Lost: -311K

One look at recent trends in the payrolls data, especially the important numbers beneath the headlines, and one will be left with the impression that there is an unprecedented amount of (political) data goalseeking, if not outright manipulation, taking place at the Bureau of Labor Services.

Case in point, last month we reported that in addition to the strong Establishment Survey payrolls number, which was revised even higher to 326K this month, there was an even more impressive number: a record 1 million full and part-time jobs were added according to the Household Survey.

Webmaster's Commentary: 

No matter what the talking heads on television say, this country is not in any kind of real recovery, whatsoever, and these numbers prove that.

As of April 2017, 1.6 million unemployed Americans have been out of work for six months or longer, according to data from the Bureau of Labor Statistics. Nearly a million have been jobless for over a year.

Apr 06 13:18

Stocks Tumble As China Urges Americans To Rise Up Against "Unscrupulous" President

The war of words between President Trump and 'everyone else' continues to heat up, with market conniptions managed for now by Kudlow's "good cop" headlines to Trump's "bad cop" histrionics.

China, which is a great economic power, is considered a Developing Nation within the World Trade Organization. They therefore get tremendous perks and advantages, especially over the U.S. Does anybody think this is fair. We were badly represented. The WTO is unfair to U.S.

But it appears China's Xinhua news - unofficial mouthpiece of the Party - has sparked some more concerns as an op-ed calls for open rebellion against President Trump...

Webmaster's Commentary: 

A war of words can escalate, very quickly, into a shooting war, and the US military is singularly and spectacularly unprepared for a war against China.

Apr 06 13:09

Psych Drugs and Guns Don’t Mix

The most infamous of those psychiatric drug-induced criminal behaviors happens to be the uniquely American epidemic of mass school shootings, of which the Parkland, Florida shooting is just one of the most recent ones. Not usually so well-publicized are the many acts of asocial behaviors, poor judgments (or actual crimes) which includes such actions as impulsive thefts, inappropriate sexual conduct, physical assaults, homicidal thinking, suicidality, drug-induced psychotic episodes, drug-induced mania, drug-induced OCD symptoms, drug-induced anxiety or depression, drug-induced, crazy-making sleep-deprivation, etc.

Webmaster's Commentary: 

Just check out the following website, if you want find out just the extent of damage these drugs can cause:

www.ssristories.com

Apr 06 12:58

IS CHINA THE BLACK SWAN ?

Apr 06 12:15

The investment industry threatens state retirement plans to help workers save

Kono is one of the 55 million Americans — about half of the private-sector workforce — who don’t have access to an employer-sponsored retirement plan. Research shows that workers are likely to save more for retirement using such plans than using individual IRAs. The majority of those without a work-based plan option are people who tend to need retirement help the most: those working for small businesses in the low-wage service and hospitality sectors.

Since 2015, Oregon and four other states ­­— California, Illinois, Connecticut and Maryland — have set up these so-called “auto-IRA” programs overseen by the state. Nine more states are considering similar programs this year, among them New York, Missouri and Pennsylvania.

Apr 06 09:40

US congressman proposes gold-backed dollar, but does America have enough bullion?

Republican Congressman from West Virginia Alex Mooney has proposed a bill “to define the dollar as a fixed weight of gold.” The problem is that the US may not have enough physical gold to back the greenback, an expert tells RT.

In bill number 5404, dated March 22, Mooney criticizes US monetary policy, citing the fall in the dollar’s purchasing power after the gold standard was abolished.

Webmaster's Commentary: 
Apr 06 09:26

"We May Take A Hit": Trump Warns Investors To Prepare For "Pain" In The Market

"I’m not saying there won’t be a little pain so we might lose a little of it... we may take a hit, but you know what, ultimately we’re going to be much stronger for it."

Apr 06 09:08

BREXIT CRISIS: Germany HEAVILY hit by UK exit - shock EU report devastates Angela Merkel

BREXIT will hit EU powerhouse Germany where it hurts when Britain finally unshackles itself from the bloc, according to a shock report.Regions in Angela Merkel’s nation will feel the strain on trade and production when the UK exits.

Apr 06 08:58

China Mentions The 'Nuclear Option' We Could Dump Treasuries

India bans bitcoin wallets and trading cryptocurrencies. Venezuela is doing the opposite, they want to pay for goods using their cryptocurrency. The US has the largest trade deficit since the financial crisis.

Apr 06 08:58

Negative Interest Rates Are The New Norm

Apr 06 08:40

Silver Finally Starts To Catch Up With Gold

Apr 06 08:30

US Considering Additional $100B in Tariffs on Chinese Imports

United States President Donald Trump expressed more intense interest in taxing goods imported from China on Thursday "in light of China's unfair retaliation" to tariffs Trump announced earlier this week.

Apr 06 08:28

French public backs strikes against Macron as THOUSANDS donate to rail workers

THE French public is backing demonstrators who are carrying out three months of rail strikes in protest of Emmanuel Macron by donating hundreds of thousands of pounds to the cause.

Apr 06 08:09

Stock market DROPS after Trump threatens $100billion tariffs on Chinese imports as trade war fears grow

US stock indexes opened lower on Friday as renewed fears of a trade conflict between the United States and China outweighed a lower-than-expected March jobs data that eased concerns over aggressive interest rate hikes.

The Dow Jones Industrial Average fell 234.05 points, or 0.96 per cent, to 24,271.17.

The S&P 500 lost 22.96 points, or 0.862237 per cent, to 2,639.88. The Nasdaq Composite dropped 78.46 points, or 1.11 per cent, to 6,998.10.

Webmaster's Commentary: 

Dow down 400 as I type this.

Apr 06 07:46

Jamie Dimon Warns Of Potential ‘Market Panic’

This year Dimon used a large chunk of his 46-page letter to share his thoughts on government and public policy, saying it’s hard to look at the last 20 years in America “and not think that it has been getting increasingly worse.”

Apr 06 07:13

Mapping the Most Iconic Job in Every State

Apr 06 07:11

Wall Street is Seasick and Farmers Are in Trouble as Trump Adds New Tariffs

Shortly after the closing bell on Thursday, President Trump made a surprise announcement, announcing his wish for an additional $100 B in tariffs on Chinese products.  This has sent the futures on all indexes into a slide.

The majority of Asian markets opened down Friday in response to Trump's latest volley of intended tariffs aimed at products produced in China. U.S. farmers have been thrown into confusion at their most vulnerable time of the year.

Apr 06 06:59

Jim Grant: It's a Very Risky Time

Apr 05 18:49

Carnage: Tesla’s Bond Plunge

Apr 05 12:53

China Declares Trade War Victory: Gloats At US "Suffering" After "Crushing Counterattack"

Barely a day after China dropped the hammer on US stock markets by unveiling retaliatory tariffs on $50 billion in US imports that - unlike US measures that mostly targeted obscure industrial products - actually struck at key industries like soybean farmers, automobiles and airplanes, the Communist Party crowed about what it already sees as its "victory" in the nascent trade war in an editorial published by the Global Times, China's state-owned, English-language tabloid and extremely hawkish party mouthpiece.

In the editorial, China swatted away US claims - repeated most recently by Larry Kudlow during this morning's interview with Fox Business's Maria Bartiromo - that China has somehow victimized the US via its trade agreements while gloating about the leadership's decision to strike at a "massive weak spot" for the US economy.

Apr 05 12:37

Bahrain Discovers Largest Oil Field With 80 Billion Barrels In Reserves

Bahrain officials have revealed that the tiny gulf kingdom has discovered some 80 billion barrels of shale (otherwise known as tight) oil - the kingdom's largest oil and gas find ever. The field also discovered 14 trillion cubic feet of natural gas beneath an existing field.

Oil Minister Sheikh Mohammed bin Khalifa Al Khalifa said the kingdom has not yet determined how much of the oil can be easily extracted, according to the Associated Press.

Webmaster's Commentary: 

"We are concerned with the human rights violations on Bahrain and plan to invade ... I mean, regime change, immediately!" -- Official White Horse Souse

Apr 05 11:42

How Trade Wars Work

STEP 9: Trade war eventually settles down, and any resulting profits are absorbed into salaries of high-level executives.

Apr 05 11:17

Central Banks Are Doing This On Purpose. A Currency Collapse Is A Great Excuse To Bring In A New Monetary System.

Do you anticipate a destruction of currencies including the U.S. dollar at some point?

Apr 05 11:04

With Extreme Risk, Prepare For A Broken World

Apr 05 10:34

China, holding Treasuries, keeps 'nuclear option' in U.S. trade war

It took China just 11 hours to retaliate against the United States for proposing tariffs on some 1,300 Chinese products, but Chinese officials are holding back on taking aim at their largest American import: government debt.

In a tit-for-tat response to the Trump administration’s plan for 25 percent duties on $50 billion of Chinese imports, China hit back with its own list of similar duties on key American imports including soybeans, planes, cars, beef and chemicals. But officials signaled no interest for now in bringing their vast holdings of U.S. Treasuries to the fight.

Apr 05 10:26

The Next Crisis Will Be The Last

Apr 05 09:48

See How Long it Takes to Go From $1M to $1B

Apr 05 09:45

House Takes Action, Fallin Explains Analogy in Day Three of Oklahoma Teacher Walkout

A 3 p.m. start time for the Oklahoma House didn’t stop teachers and their supporters from packing the gallery on Day Three of the Teacher Walkout. A revenue bill dedicated to an education fund was passed as the teachers looked on.

Governor Fallin clarified her analogy which compared the teachers to teenagers wanting a better car.

A group of Tulsa area teachers led by Tulsa Public Schools Superintendent Deborah Gist began walking 110 miles from Tulsa to the Oklahoma Capitol to join the Walkout there.

Apr 05 09:44

Silver Bullion: Should We Be Worried About Silver?

The silver price has perhaps disappointed many investors of late. Two key institutional metrics released in the last fortnight may have made things worse, however not all is at it seems.

The latest silver COT reports have shown that Managed Money positions are net bearish, the most recent is for the seventh week in a row. Meanwhile an LBMA report this week shows that the volume of silver transferred in February fell by 24%.

Whilst both of these suggest that the silver price might continue to resist further climbs, the contrarian perspective suggests otherwise. Analysis of past COT reports, previous gold/silver ratios and a close look at macro fundamentals should give investors (and those considering buying silver) reassurance that the silver price could be set to make some key moves.

Apr 05 08:59

HSBC Swiss Bank Whistleblower Detained in Spain

Herve Falcani, an IT expert at HSBC's Swiss bank, got access to customer files in late 2007 and leaked secret bank account documents, which revealed that HSBC's Swiss banking subsidiary helped its clients to dodge millions in taxes, conceal assets and obtain untraceable cash.

Herve Falcani, a former employee of the Geneva branch of the HSBC bank, who was convicted of espionage after leaking bank clients' data, was arrested by the Spanish police in Madrid, the Spanish Ministry of Internal Affairs reported. An international arrest warrant was issued for him in Switzerland.

Apr 05 08:57

This Is Not About A Trade War, It's About Crashing & Resetting The Economic System

US Service sector declines, the housing market begins to rip itself apart. Toronto housing market is plunging. NYC is now following Toronto, this will spread to the rest of the country.

Apr 05 08:21

From Ankara to Moscow, Eurasia integration is on the move

The Russia-led Eurasia Economic Union is spreading its wings and gaining strength, with some key projects, big players and big plans in the pipeline

Apr 05 07:19

World’s Most Wanted Bank Whistleblower Was Just Arrested, for the Worst Possible Reason

For a prisoner exchange between Switzerland and Spain? 

Apr 05 05:15

Is FANG Cheap?

Apr 05 03:00

Playing for All the Marbles

Global Plunge Protection Teams must be ordering take-out food; every night is a long one now.

The current stocks/bonds game is for all the marbles, by which I mean the status quo now depends on valuations and interest rates remaining near their current levels for the system to function.

Apr 04 19:31

Bitcoin price ‘SLUMP’: Cryptocurrency PLUNGES 10% in a day - should investors be worried?

Cryptocurrency price tracker Coinbase shows the staggering decline in the last day.

Bitcoin is trading at $6,680.02 (£4,742) at the time of writing.

However in the last day a whopping $734.99 (£521) has been shaved from its value.

The downward spiral of Bitcoin is not limited to just the recent 24 hours.

In the last month the cryptocurrency has almost eclipsed half of its value - over $4,500 (£3,194) has plunged from its price.

The horrific market decline marks a drop of 40.72 per cent.

Apr 04 15:10

Harry Dent: The Real Estate Doomsday Map

Apr 04 15:07

America's debt load is reaching a tipping point

Americans are having more trouble paying their bills these days. Consumer debt experts say this is a red flag that could foreshadow a more widespread economic impact.

New survey results from the National Foundation for Credit Counseling (NFCC) find that 25 percent of adults aren’t paying their bills on time, and 8 percent have unpaid debts that have gone into collections — both increases of 3 percentage points from last year.

...

Matt Schulz, senior industry analyst at CreditCards.com, said he wasn't surprised "that people are struggling to pay their bills because, realistically, there’s only so much credit card debt Americans can take on without serious problems and nobody has quite known what that tipping point is — but it’s pretty clear that we’re not all that far from it."

Apr 04 11:19

Surviving The Next Great Depression

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