ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jan 29 03:49

"Buy and hold" is a myth and dangerous lie

Jan 28 18:44

Trump says America open for business. Marijuana industry asks “What about us?"

WASHINGTON

President Donald Trump told world leaders that America is open for business. But one budding U.S. industry — marijuana growers and sellers — sees irony in this boast, which comes as they feel forced by the administration to invest millions in cannabis businesses across the border.

Privateer, which has the backing of the Silicon Valley mogul and Trump supporter Peter Thiel, announced Thursday that it had raised more than $100 million in its third round of fundraising. Kennedy said those dollars, which brings their total funding to $200 million, shows that U.S. investors continue to see growth opportunities despite the federal government’s threats to clamp down. But Kennedy said more than 75 percent of the funding would be invested in Canada and overseas where governments are more supportive of the industry.

“That money would have gone to jobs and would have gone to pay taxes in the U.S. It would have gone to manufacturing facilities in the U.S.,” Kennedy said.

Jan 28 18:34

OMG - This Chart

Jan 28 10:22

Pres. Trump’s Art of Political Warfare vs. The Pro Illegal Immigration DACA Crowd?

The cornerstone of the Trump campaign was cracking down on illegal immigration. His message has resonated with 63 million people who cast their vote in the 2016 election based on dealing with on this controversial issue. The truth is now is President Trump going back on his word?

Jan 28 05:26

End of the 9-Year Rental Housing Boom?

Jan 28 05:12

Big Little Lies by Central Bankers

Jan 27 17:27

Will The Buck Stop Here?

The dropping Dollar is trying to hang onto a potentially important line of support.

Jan 27 14:31

The Social (IN)Security Charade

Jan 27 14:15

Here's the most hated asset right now

Jan 27 12:17

PEPE ESCOBAR PUTS 'DAVOS MAN' STRAIGHT: "IT'S INEQUALITY, STUPID!"

For billions of people, the Groucho Marx rule applies when talking about Davos. This is the exclusive club, which meets in the luxury Swiss resort each year to discuss the global business environment.

Groucho, of course, has been immortalized along with the rest of the Marx Brothers in the zany Hollywood movies of the 1930s, such as A Night a the Opera, A Day at the Races and Animal Crackers.

In one quick-fire response, he joked: “I sent the club a wire stating, ‘Please accept my resignation. I don’t want to belong to any club that will accept me as a member’.”

Well, to start off with those billions of people would not get past the bouncers, because the self-defined World Economic Forum is about exclusion. Yet even if, by divine design, they were handed free passes, what would be the point?

Jan 27 12:08

TRUMP NOW INCREASES ‘DEFENSE’ BUDGET 37% ABOVE OBAMA’S

The Washington Post headlined on January 26th, "Trump plans to ask for $716 billion for national defense in 2019 — a major increase”, and reported that when President Trump had entered the White House in January 2017, the ‘Defense' budget was $521 billion, but that President Trump will propose in his upcoming State-of-the-Union speech, a 2019 ‘Defense' budget of $716 billion, which, if it becomes law, would mean a 37% increase, above Obama’s last Pentagon budget (for 2017).

Webmaster's Commentary: 

Translation: we are most probably looking at the US government initiating more wars, and a possible return to the draft, and soon.

Jan 27 11:55

Pepe Escobar Puts 'Davos Man' Straight: "It's Inequality, Stupid!"

For billions of people, the Groucho Marx rule applies when talking about Davos. This is the exclusive club, which meets in the luxury Swiss resort each year to discuss the global business environment.

Groucho, of course, has been immortalized along with the rest of the Marx Brothers in the zany Hollywood movies of the 1930s, such as A Night a the Opera, A Day at the Races and Animal Crackers.

In one quick-fire response, he joked: “I sent the club a wire stating, ‘Please accept my resignation. I don’t want to belong to any club that will accept me as a member’.”

Jan 27 11:03

TRUMP’S NEW FRIDGE WILL COST TAXPAYERS $24,000,000.00

When Donald Trump was seeking the office of President, he frequently criticized the taxpayer dollars wasted on Air Force One. Trump even called for the canceling of the Boeing contract to construct a new fleet. However, like most of his promises made on the campaign trail, his since changed his mind.

Illustrating the insane nature of the US government’s bloat and excess, the taxpayers will be robbed of a whopping $24,000,000.00—to install a new refrigerator in Air Force One—seriously.

Boeing was awarded a $23,657,671.00 contract to design, test, and install two VC-25A G12/G13 chillers for the customized 747 jumbo jet in December.

“The Air Force requires that the current air chillers in the G12 and G13 galleys be modified with new cold food stowage to improve reliability and maintainability,” a contract notice from the Pentagon states.

Webmaster's Commentary: 

Absoflippinglutely unbelievable!!

Jan 27 07:28

The Coming Market Crash Will Set Off The Biggest Gold Panic Buying In History

The leverage in the economic system has become so extreme; investors have no idea of the disaster that is going to take place during the next stock market crash. 

Jan 27 06:56

America’s Hidden Depression

Jan 27 03:13

Tax Reform: FedEx Announces $3.2 Billion Investment Plan, Insurance Giant Rolls Out Bonuses and New Benefits

There's still an enormous amount of disinformation in the bloodstream about this law, and those myths must be actively tackled and dispelled.

If it feels like we’ve been reporting new, positive pieces of tax reform news virtually every day, that’s because we have.

One company after another has been running the math on how the GOP tax law — opposed by literally every Democrat in Congress — benefits them, and are moving accordingly to reinvest significant portions of their fresh windfalls into their employees and business plans. The result has been millions of American workers experiencing bonuses, wage increases, and enhanced benefits, in addition to expanded operations, new job creation, and hefty corporate charitable contributions. Another titan of American business has now unveiled its tax reform-fueled investments:

Jan 26 12:04

Xi Jinping: The Geo-Economic “Emperor” with a 15 Year Head Start

A few days before beginning his important Asian tour, Donald Trump effusively congratulated Xi Jinping, who had just been enthroned “Supreme Leader” for a second five-year period during the 19th Congress of the Chinese Communist Party (CCP). Trump flattered him, calling him a “king”.

Trump’s ignorance is legendary because in China’s six thousand year history, there has never been a position such as king; there have only been mandarins and emperors. According to the Washington Post, Trump praised Xi as “probably the most powerful leader” that China has had for a century. More so than Mao Zedong and Deng Xiaoping? Not yet….

Jan 26 11:49

Trump: No More Palestinian Aid Unless They Accept Peace Talks

Going off the script in remarks to the press Thursday in Davos, President Trump announced that the US will no longer provide any monetary aid to the Palestinians in any form, unless the Palestinian leadership agrees to enter peace talks with Israel.

Though there was no sign peace talks were about to resume at any rate, President Trump’s declaration that Jerusalem is Israel’s capital led Palestinian leadership to reject the idea of any US-mediated talks being possible.

Trump, however, is presenting the Jerusalem declaration as making things simpler, in that Jerusalem is now “off the table,” and that reduced the amount of important issues yet to be resolved.

Webmaster's Commentary: 

President Trump, a word, please: this... is not "the art of the deal"; this ...is blackmail, particularly against Palestinian children and infants who so desperately need basic food and medicines just to survive.

Jan 26 10:52

CHINA UNVEILS HUGE PLANS FOR THE ARCTIC, WITH ‘POLAR SILK ROAD’ ON THE WAY

Beijing has announced plans to extend the ambitious Belt and Road Initiative to the Arctic by developing shipping routes.

In a white paper released on Friday, the country said it expects to have a “major role in expanding the network of shipping routes” and noted that “as a result of global warming, the Arctic shipping routes are likely to become important transport routes for international trade.”

It added that it would encourage enterprises to build infrastructure and conduct commercial trial voyages, paving the way for Arctic shipping routes that would form a “Polar Silk Road.”

Land territories in the Arctic cover an area of around 8 million square km, with sovereignty belonging to Russia, Denmark, Finland, Iceland, Norway, Sweden, Canada and the United States. The Arctic Ocean is more than 12 million square km, where coastal and other countries share maritime rights and interests according to international law.

Webmaster's Commentary: 

One thing that interests me with the current Chinese business culture, is that the captains of industry here are far happier making deals, and creating win/win business opportunities to get what they want than in waging war to do so.

Jan 26 09:57

Mastercard Pushes Biometrics, Banks Follow

Biometric authentication “will be of great benefit to everyone.”

Jan 26 09:50

Gauging Contemporary Bubbles

Jan 26 09:36

The Calmest Stock Market In History

Jan 26 09:06

Why the Next Downturn “Will Not Look Like 2008”

Nine years of scorched-earth monetary policies come home to roost.

Jan 26 08:29

How Long Does This Bull Market Have Left?

Jan 26 08:16

King Dollar Comeback?

Jan 26 07:22

Walmart Quietly Announces First Wave of Layoffs

Jan 26 06:21

We Are Near The 'End Game' The Entire System Is About To Come Down

Toys R Us closing 182 stores. Existing home sales decline, service sector declines at the same time. One trader reports that the market is not ready for a trade war and the market might break and decline.

Jan 26 05:58

Uh Oh! Yield Curve Is Flattening

Jan 26 03:56

First Paycheck with Trump Tax Cuts

Jan 25 21:38

BREAKING: President Donald Trump puts Globalist Elites at DAVOS on NOTICE

Trump holds court at Davos and the Corporate Aristocracy come to bend the knee and offer Gifts.

It's obvious that Trump has the power in the room and knows his subjects.

Jan 25 16:20

“Blockchain” Stocks are Collapsing by 40% to 90%

It’s not a pretty sight.

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