ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Mar 12 09:32

Drugs, Prostitution, Violence Plague Oil Boom Towns Gone Bust

With crude prices reeling from the effects of geopolitical wrangling and surging production, it’s a tough time to be a resident of an oil boom town. Although drilling in areas like North Dakota’s Bakken oil patch has generated hefty revenues for once quiet communities, it’s also led to an increase in crime. As the Washington Post noted last year, “the arrival of highly paid oil workers living in sprawling ‘man camps’ with limited spending opportunities has led to a crime wave -- including murders, aggravated assaults, rapes, human trafficking and robberies -- fueled by a huge market for illegal drugs, primarily heroin and methamphetamine.”

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Mar 12 08:32

McDonald's in global profit free fall as people everywhere increasingly reject chemically-altered toxic fast food

For decades, McDonald's has been the poster child of chemically-altered factory-made fast food. While preying on the emotional imprinting of children with on-site playgrounds and social engineering marketing tactics, the restaurant's true fundamental ethics are reflected in the horrors of the factory food industry: imprisoned chickens in tiny cages, genetically modified soy as meat fillers, chemically-altered menu ingredients and a geopolitical form of processed food imperialism that has resulted in McDonald's restaurants "occupying" hundreds of nations around the world while exporting obesity, diabetes and heart disease globally.

Mar 12 08:32

Fast Food Giants Losing Cash Desperately Try to Convince You They’re ‘Natural’

In a move that follows the continued loss of profits for fast food giants like McDonald’s, Burger King has announced that it will be dropping soda from its kids meal options — a move that undoubtedly comes as the food chain titans realize that the end of fake junk food is coming quicker than expected.

Mar 12 07:58

Obama to 1 Percenters: “Show Me the Money”

To the critics who thought that Barack Obama was going to be a lame duck leader during his last two years in office, it might be true that your respective goose might just be cooked.

Mar 12 07:55

The ISIS-US Empire – Their Unholy Alliance Fully Exposed

Let’s be perfectly clear. The United States is not actually at war with ISIS. As Global Research director, economist and author Michel Chossudovsky plainly points out recently, Obama is simply waging “a fake war” against the Islamic State forces, putting on another propaganda show for mainstream media to keep his flock of American sheeple asleep in echo-chambered darkness. With a mere cursory review of recent historical events, one can readily realize that virtually everything Big Government tells us is happening in the world, you can bet is a boldface lie.

Mar 12 07:53

Greece threatens to seize property, land and businesses belonging to Germany if Angela Merkel does not agree to pay compensation for WWII occupation

Greece is threatening to seize property, land and businesses belonging to Germany if Berlin does not agree to compensate it for the Nazi occupation of the Second World War.

Prime minister Alexis Tsipras has demanded Germany pay more than £112billion in reparations.

He said previous payments did not cover demands for destroyed infrastructure, compensation for war crimes and the return of a forced loan to the Nazis.

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Mar 12 06:35

Guess What Happened The Last Two Times The S&P 500 Was Up More Than 200% In Six Years?

Just a few days ago, the bull market for the S&P 500 turned six years old. This six year period of time has been great for investors, but what comes next? On March 9th, 2009 the S&P 500 hit a low of 676.53. Since that day, it has risen more than 200 percent.

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Mar 11 17:52

Netflix Continues To Crush Cable TV

Mar 11 17:50

Plunge Protection Exposed: Bank Of Japan Stepped In A Stunning 143 Times To Buy Stocks, Prevent Drop

The BoJ has now gone full intervention-tard - buying Japanese stocks on 76% of the days when the market opened lower.

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Mar 11 15:56

Former SEC Director Warns Against Automated and Secretive Market “Rigged Against Retail Investors”

The former director of the SEC, John Ramsay, has stepped out to warn that market is rigged, and that the system is headed for a major correction “one way or another.”

Today’s financial ‘ecosystem’ is a set up for unfair advantage to those playing a game controlled by high frequency trading (run by automated computer algorithms) and secret ‘dark pool’ investors, as Ramsay sees it.

Mar 11 15:34

Truthinesslessnesws

Nothing is stable, nothing is straightforward, everything is fixed, and nothing is fixed. O nation of busboys and WalMart greeters, awake and sing!

Can an empire founder on sheer credulousness? After last Friday’s jobs report, I think so. For a culture that luxuriates in statistical analysis (and the false idea that if you measure enough things, you can control them), it is rather amazing that we absolutely don’t care whether the measurements are truthful or not. Hence, an economist (sic) such as Paul Krugman of The New York Times might ask himself how it is that Zero Interest Rate Policy only trickles down to places where hamburgers are sold. PK was at it again in his Monday column, yammering about “rapid job growth,” “partying like it was 1995.” Wise men like him are pounding this country down a rat hole faster than you can say Romulus Augustulus.

Apparently the US Bureau of Labor Statistics missed the job bloodbath in the oil industry, especially over in Frackville where the latest western phenomenon is the ghost man-camp (along with ghost pole dancing parlors)......

Mar 11 15:28

The Last, Great Run For The U.S. Dollar, The Death Of The Euro And 74 Trillion In Currency Derivatives At Risk

Are we on the verge of an unprecedented global currency crisis? On Tuesday, the euro briefly fell below $1.07 for the first time in almost a dozen years. And the U.S. dollar continues to surge against almost every other major global currency. The U.S. dollar index has now risen an astounding 23 percent in just the last eight months. That is the fastest pace that the U.S. dollar has risen since 1981. You might be tempted to think that a stronger U.S. dollar is good news, but it isn’t. A strong U.S. dollar hurts U.S. exports, thus harming our economy. In addition, a weak U.S. dollar has fueled tremendous expansion in emerging markets around the planet over the past decade or so. When the dollar becomes a lot stronger, it becomes much more difficult for those countries to borrow more money and repay old debts. In other words, the emerging market “boom” is about to become a bust...

Mar 11 15:21

Fed inflation v. Strong $$ deflation.

Mar 11 15:01

Markets, Rate Hikes, and Student Loans

Mar 11 14:34

Why Inflation Has Gone Missing

Mar 11 13:09

Nearly at ‘Full Employment’? 10 Reasons Why the Unemployment Numbers Are a Massive Lie

On Friday, we learned that the official “unemployment rate” has fallen to 5.5 percent. Since an unemployment rate of 5 percent is considered to be “full employment” by many economists, many in the mainstream media took this as a sign that the U.S. economy has almost fully “recovered” since the last recession. In fact, according to the Wall Street Journal, some Federal Reserve officials believe that “the U.S. economy is already at full employment“. But how can this possibly be? It certainly does not square with reality.

Mar 11 12:15

The New Dow Ain't Like The Old Dow

Mar 11 12:06

Traders at Barclays and Deutsche Bank questioned over Euribor rigging

The UK's Serious Fraud Office (SFO) is questioning former traders from Barclays and Deutsche Bank over possible Euribor rigging.

Mar 11 10:22

HSBC Confirms 2014 Peak SIlver

Mar 11 10:18

The student debt crisis time-bomb is about to implode

There’s a generational time-bomb ticking — and the student debt crisis is the trip wire.

Adults under 35 disproportionately bear the brunt of escalating inequality.

Mar 11 09:34

'Kleptrocrats who run Ukraine economy will grab IMF cash & run'

Ukraine's inflation hit 34 percent in February. It's been mounting rapidly since the unrest erupted over a year ago. The conflict drained the country, and there's little money left in the reserves. From 20-billion dollars in January last year, it's now shrunk to less than 6 billion.

Mar 11 09:28

Max Interviews Ned Naylor-Leyland on Gold

Mar 11 09:25

China wants to have a reserve currency

Common wisdom has China as the future model for the Globalist economy

Mar 11 09:04

Next Mega-Bailout On Deck: White House Studying "New Bankruptcy Options" For Student-Loan Borrowers

It appears that just as the administration is finally figuring out what HFT is, it also decided to take a look at the charts above and has made a decision: the next bailout is about to be unveiled, and it will involve a "streamlined" bankruptcy law allowing students to discharge their student debt.

Mar 11 08:05

Russia gets seat on SWIFT board

Increased banking traffic means Russia now has a seat on the board of the SWIFT global interbank communications system. The seat comes at a time of increased pressure for Russia to be removed from the organization because of sanctions.

It is the first time Russia has had a seat on the 25-member board of directors of the Society for Worldwide Interbank Financial Telecommunication (SWIFT) since it joined in 1989. Every three years the organization reconfigures the shares among the countries participating. Each country receives a number of shares in proportion to the traffic in the system. The reallocation has led to changes in the structure of the board.

Mar 11 07:53

Global Bail-In Plan Could Still Leave Taxpayers Holding the Bag

Global financial regulators have taken a fresh gambit at avoiding future bank bailouts with a recently announced proposal for total loss-absorbing capacity requirements. The Financial Stability Board's plan would require banks to accumulate enough combined capital and long-term unsecured debt to go through a resolution process without relying on taxpayer dollars.

But while some people view the TLAC proposal as a practical alternative to government support, my colleagues at Kroll Bond Rating Agency and I respectfully disagree. While well intended, the plan will not preclude future bank failures or the tendency of governments to rescue large financial institutions. Indeed, even if TLAC requirements are fully implemented, they will only go part of the way in keeping a failed institution’s liabilities from translating to a liability for the sponsoring government.

Mar 11 07:53

The euro’s tumbling _ here’s why

The main reason is the European Central Bank has not only cut interest rates but also started creating more euros to put into the financial system.

The ECB had been reluctant to do so for years, but in 2014 it changed course. As policymakers faced the prospect of minimal growth and falling prices, which can further weigh on an economy, it cut its main interest rate in September to 0.05 percent. The move hit the euro by reducing the potential returns on investments in the eurozone.

As that proved insufficient to turn the eurozone around, the ECB has started buying government bonds in the markets with newly-created money.

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