ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Sep 06 04:26

Trump to Sell South Korea Billions of Dollars in Weapons

TRUMPS intention to loosen restrictions on South Korea's maximum payload for missiles , appears to be written around the idea that it would lead to more US arms sales .
TRUMP is already bragging it's worth many billions of dollars >>> http://gulfnews.com/news/asia/south-korea/trump-says-us-will-sell-bill...

Sep 05 18:51

Why the “Universal Basic Income” is actually Universal Basic WELFARE for the enslaved masses

The latest insane idea from the political Left is called “Universal Basic Income.” It’s based on the idea that governments should pay everyone a basic “wage” for doing nothing, and it’s justified by concern over robots replacing workers in the years ahead.

But “income” is something you earn, by definition. So you can’t call it “income” if nobody is earning it. The correct term for this is Universal Basic WELFARE. It’s just a grand entitlement handout by governments to keep the sheeple in line while their liberties and dignity are stripped away by a totalitarian state.

The whole point of such a system is to enslave and control the masses by eliminating individual success and turning everyone into a “financial zombie” who’s dependent on the State for their survival.

Sep 05 15:50

ECB Tightens Noose Around Bank Accounts

The European Central Bank (ECB), arguably the European Union’s most powerful and least accountable institution, apparently needs more power, according to Daniele Nouy, the ECB’s top supervisor. Chief among the fresh powers it seeks is the power to temporarily prevent people from withdrawing their money from their accounts at banks that are in distress, including by electronic fund transfers.

Sep 05 14:10

Harvey and “Carmageddon”: GM, Toyota, Subaru Kick Butt. FCA, Nissan, Hyundai Get Crushed

It gets complicated. But there’s a curious tidbit about prices.

Sep 05 13:07

Petrodollars Vs "Reserve Currency"

Sep 05 11:23

Harvey Package Grows; Likely To Include Debt Ceiling Hike

Trumps initial request for a multibillion down payment for initial Harvey recovery efforts is growing . Republican leaders are already making plans to use the aid package , certain to be overwhelmingly popular, to win a contentious increase in the federal borrowing limit .

>>>

Sep 05 11:16

Cashless Society: China’s KFC Introduces Facial Recognition Payment System

By Nicholas West

Step by step, facial recognition has been accepted by the general public for security; its appearance is proliferating at airports and at train stations around the world. With that acclimatization in full swing, facial recognition is also becoming a preference in the name of convenience as it is being adopted for conference check-ins and other events. Logically, the next incarnation purports security and convenience in the form of biometric payments using facial recognition.

Reuters reports that an upscale version of KFC, known locally as KPRO, is a testing ground...

Sep 05 10:51

Blackballed: Merkel Vows to Prevent Turkey from Joining EU

German Chancellor Angela Merkel has vowed that she will block Turkey's membership talks with the European Union, signaling an apparent pivot from her previous position.

During a Sunday televised debate with her Social Democrat (SPD) rival Martin Schulz, the center-right leader shocked the audience with an unexpected pledge to discuss an end to Turkey's EU membership talks with fellow European leaders, if she returned for a fourth term in the upcoming German federal elections.

"The fact is clear that Turkey should not become a member of the EU," Merkel said, adding that she never believed it would happen.

"I'll speak to my [EU] colleagues to see if we can reach a joint position on this so that we can end these accession talks."

Webmaster's Commentary: 

Meanwhile, we have the Turkish Foreign Minister deliver the following remarks on Turkey's accession to the EU getting blocked:

Turkey Says Talk of Ending Its EU Accession Undermines Europe

But considering Erdogan's power-mad, dictatorial and suppressive politics at home, manifested by closing down newspapers, and arresting alleged dissidents, I think Merkel's decision to oppose Turkey's accession into the EU is a wise one, for now.

When Erdogan leaves office, and someone who is more Democracy-oriented becomes President, however, a reconsideration may be possible by the EU.

Sep 05 10:20

CHINA MOVES ON NEW WORLD ORDER: WILL BUY OIL WITH GOLD-BACKED CURRENCY—BYPASSING US PETRODOLLAR

In an effort to hedge against U.S. hegemony, and what could be a global game-changer, the world’s top oil importer, China, is preparing to denominate crude oil futures contracts in Chinese yuan to be convertible into gold. The move would allow oil exporting countries to bypass benchmarks denominated in U.S. petrodollars — creating what will almost certainly be the most critical Asian oil benchmark, according to a report by Nikkei Asian Review.

Typically, crude oil is priced in relation to Brent or West Texas Intermediate futures, both denominated in U.S. dollars.

Webmaster's Commentary: 

When fully functional in 2018, this move by China will wind up as a sucker punch to the gut to the US economy.

So watch for more demonisation of China in the coming months, including more trade sanctions, as a prelude to a potential outright US-driven war against it.

Sep 05 10:07

HOW CORPORATE LOBBYISTS DOMINATE MEETINGS WITH UK AND EU BREXIT NEGOTIATORS

The far-reaching Brexit agreement that will govern the UK’s exit from the European Union is not only being shaped at the negotiating table, but also by the lobbyists who are trying to influence each side’s position papers and red lines.

New analysis of official statistics on lobby meetings with ministers from the UK’s Department for Exiting the EU (DExEU) and members of the EU’s Brexit Task Force reveals a common willingness to privilege the representatives of corporate interests above all others:

Between October 2016 and March 2017, DExEU staff had six meetings with big business representatives for every one meeting with an NGO, a trade union or a think tank. This figure may even just be the tip of the iceberg, as Brexit lobby meetings are also likely to take place with DExEU officials not required to disclose meetings.

Webmaster's Commentary: 

Such negotiations are never about how the Brexit may positively influence the lives of every-day, working Brits; they are always about how corporations are going to game the system, to better their own financial states.

Sep 05 10:02

PEPE ESCOBAR: WHY JIHADISM WON'T BE ALLOWED TO DIE: A serious working hypothesis is being discussed for a while now among independent geopolitical analysts. Here it is, in a nutshell.

Daesh may be dying – but the world is still encumbered with its walking corpse.

Plan B of Daesh’s masters may have been to indoctrinate repeated waves of misguided youth across the EU and “seduce” them into D.I. Y. jihadi terror, creating fear and insecurity in Europe. I’ve just been to Barcelona — and that’s not happening. No Fear.

Daesh can also manipulate its brand name to stake a claim into what we may call the New War Belt in Southwest Asia. That’s also not happening, because the “4+1” – Russia, Syria, Iran, Iraq, plus Hezbollah – with the addition of Turkey, and with China in a “leading from behind” role, are all working together.

The unfinished war across “Syraq” coupled with spasms of jihadism in Europe could certainly still metastasize into a massive Eurasian cancer, spreading like a plague from Afghanistan to Germany and vice-versa, and from the South China Sea to Brussels via Pakistan and vice-versa.

Webmaster's Commentary: 

I understand that this is how the American deep state thinks and behaves; but is it truly capable of providing the level of strategy, arms, and personnel to make such actions actually successful against their alleged existential foes, Russia and China, before they collectively, haul off and attack the US?!?

Looking at the Ethnic Uighurs in China (heavily funded by Saudi Arabia, (a US proxy in the Middle East), their violence has only brought the heavy hand of of the Chinese state down harder against them, to the point where any training in foreign countries has been prevented by them being required to turn in their passports.

China orders Xinjiang residents to hand in passports: Citizens of restive region of 11 m Muslim Uighurs must apply to get papers back

This Uighur violence falls far short of either a geopolitical, or military, success.

And let's look at the jihadists in Syria; even though the US military has "dug in" its position in Syria, ostensibly to create a home for Kurdish nationalists, there is a question of just how long the Russians will put up with the nonsense of American troops being in Syria,uninvited, and attempting to balkanize it, and this could potentially be a flashpoint for a war between Russia and the United States.

If one looks at the big picture, the movements and actions of these Western-backed jihadists are, at best, "holding actions" and will not, ultimately be permitted, by Russia and China, to prevent China's New Silk Roads, or Russia's
Eurasia Economic Union.

Sep 05 08:17

Evacuations expand, I-84 closed between Hood River & Troutdale as Gorge fire rages

We are 60 miles away and have ash coming down the last 2 days. Got a fire on the Washington side now too.

CASCADE LOCKS, Ore. — The Oregon Department of Transportation has closed a stretch of Interstate 84 Monday night due to spot fires from a nearby wildfire.

Additionally, new evacuation orders have been issued for rural Multnomah County as the Eagle Creek fire exploded Monday night.

By Monday night the fire grew to about 4,800 acres, up from 3,200 acres earlier in the day. The fire forced Level 2 and 3 evacuations throughout neighboring communities including Cascade Locks.

Sep 05 06:45

BRICS Summit 2017: India, China to enhance defence personnel cooperation to avoid Doka La-like crisis

Xiamen: In a bid to avoid Doka La-like situation, India and China on Tuesday decided to make more efforts, including strong contact and cooperation between their defence personnel.

Sep 05 06:37

South Korea Proposes Full Oil, Currency Blockade Of North; China Says No

Unable to make de-escalation progress using conventional diplomatic means at the United Nations, on Monday South Korean President Moon Jae-in proposed that the U.N. Security Council hold serious discussions about imposing an energy and capital blockade on North Korea, by cutting off oil supplies to Kim's regime coupled with a block of North Korean sources of foreign currency, the South Korean president's office said. Moon discussed the idea with his Russian counterpart, Vladimir Putin, during a phone call, according to South Korea's Blue House.

Sep 05 06:35

North Korean Crisis Reveals America’s Dangerous Economic Dependence on China

When President Trump said on Sunday that America would consider stopping all trading with countries doing business with North Korea, critics responded by saying this would mean economic ruin for the United States.

Sep 05 06:33

Russia's Sberbank Plans to Increase Gold Supplies to China

The largest Russian bank Sberbank is planning to increase the supply of gold to China up to 10-15 tons in 2018, the head of Sberbank CIB, the bank's investment department, told Sputnik.

Sep 04 09:05

Bitcoin, Sour Grapes and the Institutional Herd

By Charles Hugh Smith

The point is institutional ownership of bitcoin is in the very early stages.

If I had a bitcoin for every time some pundit declared bitcoin is a bubble, I’d be a billionaire. There are three problems with opining that bitcoin and cryptocurrencies are bubblicious:

1. Everything is in a bubble now: stocks, bonds, housing, heck, even bat guano is bubblicious. Exactly what insight is being added by yet another guru repeating the BTC is a bubble meme?...

Sep 04 08:11

Global Banks Sabotage Uruguay’s Efforts to Legalize Marijuana

The first country to fully legalize the recreational use of marijuana, Uruguay, has suddenly found itself facing an unexpected obstacle: the international banking industry. It all began a few weeks ago when one of the 15 pharmacies that had agreed to sell the two varieties of cannabis distributed by the Uruguayan State announced that it was withdrawing from the scheme after its bank, Santander, had threatened to close its account unless it stopped providing services for the state-controlled sales. Shortly afterwards it was revealed that other banks, including Brazil’s Itaú, had canceled the accounts of the private companies that had been granted a license to produce marijuana as well as some cannabis clubs.

Sep 04 08:00

Ethereum, Bitcoin Crash After China Declares Initial Coin Offerings Illegal

Ethereum and bitcoin are crashing this morning, after China confirmed its recent threat of an ICO crackdown (reported here last Monday) when the central bank said on Monday that initial coin offerings are illegal and disrupt financial markets, according to statement on China’s central bank website. The PBOC also asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the controversial if surging market for digital token sales.

Sep 04 07:52

Labor Day 2017: American workers looted by .01% lying War Criminals: $6.5 trillion ‘lost’ by Dept of Defense as political ‘leaders’ & corporate media withhold $1,000,000 per US household from monetary reform and public banking

*hyperlinks/videos live at source*

“The only thing new in the world is the history you don’t know.” – President Harry Truman, Plain Speaking: An Oral Biography of Harry S. Truman (1974) by Merle Miller, pg. 26.

Labor Day is the celebration of American workers’ limited victories over oligarchs to raise wages and working conditions above conditions of work animals. Because US .01% oligarchs control corporate media (including public education texts), most Americans are unaware that “leaders” “celebrate” Labor Day in lip-service only while engaged in the ongoing business of psychopathically looting American workers in the annual trillions.

The above factual claims require zero belief, but is the obvious conclusion from the objective and independently-verifiable data as this article explains, documents, and proves.

Sep 04 07:15

Trump will be ‘deposed immediately’ if he blocks trade with China over N. Korea – Assange

If Donald Trump blocks trade with China for being a North Korean trade partner, then he’ll be immediately overthrown, says WikiLeaks co-founder Julian Assange, responding to Trump’s tweet threatening to ban trade with states that do business with Pyongyang.

“90 percent of North Korea's trade is with China. If Trump blocks $650B[illion] of US trade with China he'll be deposed immediately,” Assange tweeted.

Sep 04 07:15

Van Halen, M&Ms, And The Next Market Downturn

Sep 04 07:14

Nord Stream 2 Foreign Partners Want to Stay in Project - Russian Deputy PM

Russia's foreign partners for the Nord Stream 2 expressed a desire to stay in the project, thus indicating that the project is commercially effective.

Sep 04 07:09

China says Donald Trump's trade threat over North Korea 'unacceptable'

China said Monday that President Donald Trump's threat to cut off trade with countries that deal with North Korea is unacceptable and unfair.

Trump had said on Twitter on Sunday the United States is considering halting trade with "any country doing business with North Korea". His remarks came after North Korea detonated a thermonuclear device in its sixth and most powerful nuclear test.

Sep 03 23:20

John McAfee: "Pandora's box has been opened" (Crypto currency security)

An unspoken concern must be addressed: If all(or a significant quantity) of those 'chips' are 'compromised', then how can one be assured said network,nodes,as well as said 'completion of "work"' could be considered 'honest' and therefore 'trustless'(https://bitcoin.org/bitcoin.pdf)?

Welcome to the new 'Wild.Wild.West(www.?)'! GOOD LUCK! BE SAFE! BE SMART! TAKE CARE!

Sep 03 11:11

Just smile: In KFC China store, diners have new way to pay

Customers will be able to use a “Smile to Pay” facial recognition system at the tech-heavy, health-focused concept store, part of a drive by Yum China Holdings Inc to lure a younger generation of consumers.

Sep 03 10:00

Modi's Demonetization Called "Colossal Failure That Ruined Economy" As India GDP Growth Slumps To 2-Year Lows

"...99% of notes legally exchanged! Was demonetisation a scheme designed to convert black money into white?... A colossal failure which cost innocent lives and ruined the economy. Will the PM own up?"

Sep 03 09:57

De-Dollarization Accelerates: China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold

“The rules of the global oil game may begin to change enormously..."

Sep 03 09:46

Economic Indicators Plunge And Banks Move To The Block Chain

Brexit negotiations are going nowhere and both sides cannot agree. The central bankers will do everything to stop the UK from exiting the EU. Spending has declined.

Sep 03 09:29

GLD Assets Spike Higher

Sep 03 09:12

De-Dollarization Accelerates: China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold

The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review reports.

Sep 03 09:11

Are Grocery Chains About To Join The Retail-Bankruptcy Bloodbath?

Amazon officially assumed control of Whole Foods Market on Monday and by noon, channel checks at WFM stores revealed that its new tech overlords had already slashed prices by nearly 50%, sending bonds of its grocery-chain rivals reeling as grocers confronted a new dilemma: either slash prices to the point of unprofitability, or hold the line and risk seeing sales evaporate.

Sep 03 09:11

Harvey Could Bankrupt The Federal Flood-Insurance Program

Hurricane Harvey may solve the auto industry’s inventory problem. But right now, it's about to create a giant headache for the federal government.

Based on the latest estimates from Irvine, California-based CoreLogic, insured flood losses for homes in the affected areas of Texas and Louisiana could total between $6.5 billion to $9.5 billion. Since private insurers typically don’t provide personal flood insurance, all but $500 million of that will fall to the Federal Emergency Management Agency’s National Flood Insurance Program, or NFIP.

Sep 03 08:17

US Treasury Department to Present to Trump New Sanctions Against North Korea

The US Treasury Department will submit to President Donald Trump a new package of sanctions against North Korea after the latest nuclear test by Pyongyang, the authority's secretary, Steven Mnuchin, said Sunday.
WASHINGTON (Sputnik) — The news about sanctions emerges after US President Donald Trump commented on the reports about the nuclear test, saying Pyongyang's "words and actions continue to be very hostile and dangerous to the United States."

"We have already started with sanctions against North Korea but I am going to draft a sanctions package to send to the president for his strong consideration," Mnuchin told the US Fox News broadcaster.

Mnuchin added that if other countries wanted to do business with North Korea, the United States would not engage in cooperation with them.

Webmaster's Commentary: 

Sanctions are most generally preludes to war.

It is very important to notice other countries beside North Korea against which the Unhinged, Surveilled States of America has placed sanctions; these countries include Russia; China; and Iran.

I cannot tell you precisely when, but something wicked this way comes, in terms of a very aggressive USSA war trajectory against so many countries, and all at the same time.

Please, as I have said so many times on this blog that I sound like a chipped CD; prepare; plan; and practice what will be necessary to do in the event of a national emergency. Have potable food; water; and extra medications on hand. Only have as much money as you need in the bank to pay your bills. Get your bugout kit ready, and have a plan to connect with your loved ones, should you be apart.

Right now, I counsel patience, preparedness, and taking care of yourself and those you care about with as much ease as is humanly possible, under such conditions.

Sep 03 07:44

Why They Want To Shut Down Free Speech

Sep 03 06:43

De-Dollarization Accelerates: China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold

The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review reports.

The crude oil futures will be the first commodity contract in China open to foreign investment funds, trading houses, and oil firms. The circumvention of U.S. dollar trade could allow oil exporters such as Russia and Iran, for example, to bypass U.S. sanctions by trading in yuan, according to Nikkei Asian Review.

To make the yuan-denominated contract more attractive, China plans the yuan to be fully convertible in gold on the Shanghai and Hong Kong exchanges.

Webmaster's Commentary: 

This is going to be an industrial sucker-punch to the gut of the US economy.

Sep 03 06:03

USA & EU Differences in Monetary Policy

Sep 02 17:15

Generous boy, 11, gives lunch to homeless man every day for two weeks (NZ)

A South Auckland boy has plucked a homeless man from "the pits of despair" by giving him his lunch every day for two weeks.

It was only when the rough sleeper walked to school with the 11-year-old and told the boy's teachers that anyone found out what he was doing.

Uili Papalii couldn't walk past Rob Millar, who sits outside the Leabank Shops in Manurewa, when he saw him in tears a fortnight ago.

"I was just walking to school and I saw him cry. And I gave him my money and all my lunch. Then I just kept going back every week. He just became my friend.

"He just had nothing. When I gave it to him he stopped crying."

Uili was happy to handover his homemade sandwiches, chips and fruit to Millar. When he earned $5 pocket money for scoring a try at the weekend he'd give that to Millar too. He said it didn't matter as he would eat the free fruit at school.

Sep 02 10:36

Fitch Downgrades Venezuela’s Rating to CC, Notes Great Risk of Default

"Fitch Ratings has taken the following rating actions on Venezuela's sovereign ratings: long-term foreign and local currency IDRs downgraded to 'CC' from 'CCC'; senior unsecured debt downgraded to ‘CC’ from ‘CCC’; short-term foreign and local currency IDRs affirmed at 'C'; country ceiling downgraded to 'CC' from 'CCC,'" Fitch said in a statement.
The agency pointed out that the threat of default was caused by the new US sanctions against Venezuela.

"Venezuela's downgrade reflect Fitch's view that a default is probable given the further reduction in financing options for the Government of Venezuela following the imposition of additional sanctions on Venezuela by the US government on Aug. 25, 2017," the statement added.

The sanctions ban US citizens from or entities from a number of financial transactions with the Venezuelan government of the country’s PDVSA oil and gas company.

Sep 02 10:11

Russia & BRICS to counter 'excessive domination' of certain few reserve currencies - Putin

Russia wants to promote economic cooperation within the BRICS format. According to Russian President Vladimir Putin, there has been a number of practical achievements in the work of the five-nation bloc.
BRICS is the acronym for an association of five major emerging national economies of Brazil, Russia, India, China and South Africa.

Read more
© Bb3015 / WikipediaBRICS New Development Bank considering Russian infrastructure projects
In an open letter published ahead of the 9th BRICS Summit in China, Putin expressed confidence the BRICS countries will continue to act against protectionism and new barriers to global trade.

“We value the BRICS countries’ consensus on this issue, which allows us to more consistently advocate the foundations of an open, equal and mutually beneficial multilateral trade system and to strengthen the role of the WTO as the key regulator in international trade,” wrote Putin.

Webmaster's Commentary: 

It doesn't take Fellini to figure out about which currency Putin is speaking; it is the US dollar, pure and simple!!

Sep 01 14:30

More BS From The .Gov

Sep 01 12:56

The Biggest US Cities where Rents Are Plunging

In Chicago, rents are getting crushed

Sep 01 10:17

Peso Tumbles After Mexico Hints May Balk On NAFTA, "Preparing Alternatives"

Mexico’s Economy Minister Ildefonso Guajardo sent the Mexican peso reeling Thursday afternoon after he hinted Mexico may balk on trade talks with the US, telling lawmakers from Mexico’s ruling PRI that Mexico’s trade representatives would not negotiate with the US “under threat,” highlighting the intensifying tensions between the US, Mexico and Canada a day before the second round of Nafta negotiations is set to begin.

A day after he hinted that Mexico was working on a “Plan B” should the talks fail and Nafta be allowed to dissolve, Guajardo unveiled that Mexico is in advanced negotiations with Europe, and that talks with Latin American neighbors Brazil and Argentina are moving forward. He also said that the Pacific Alliance, a Latin American trade bloc, is in discussions to admit New Zealand and Singapore.

Sep 01 09:50

Billionaires Petition for Cheaper Workers, DACA Amnesty

Mark Zuckerberg’s FWD.us lobbying group is rallying billionaires and millionaires to protest the federal government’s rising enforcement of the workplace laws which help ordinary Americans earn good wages.

The CEOs digital strike against laws barring the employment of cheap illegal-migrants is being marketed as a campaign “about new developments in immigration policy that threaten the future of young undocumented immigrants brought to America as children,” according to the August 31 statement from FWD.us.

The “new development” opposed by the CEOs is the growing likelihood that state Attorneys General or President Donald Trump will scrap the “DACA” amnesty created by former President Barack Obama. The 2012 amnesty now provides work permits to roughly 800,000 illegal immigrants who mostly compete for jobs against blue-collar Americans.

Webmaster's Commentary: 

Dear Zuckerberg.

There is a reality of economics you fail to grasp.

If workers cannot trade their labor and skills for decent wages and salaries, then they will not have the money to buy whatever it is you billionaires are selling.

Sep 01 09:46

SHAKEDOWN: US Forces EU to Pay 50% More for Natural Gas vs Russia

And 50% is only the cost of the gas. Add in the construction of those expensive terminals and rental of the special tankers, and it gets even worse.

Russian gas costs about $170 per 1000 cubic meters. The Americans charge about $260, or perhaps more, the price is a closely guarded secret.

This Russian news segment is fact-filled, and very interesting. Russia has been building supply capacity to Europe for 10 years, deliberately making itself the no-brainer, low-cost supplier.

Sep 01 07:17

Ned Davis: "We Are in the Very Late Innings"

Sep 01 06:58

Why We're Doomed

Sep 01 06:48

4 FORMER PILOT FLYING J EMPLOYEES AGREE TO PLEAD GUILTY IN FUEL REBATE SCAM

Four former Pilot Flying J employees have agreed to plead guilty to federal fraud charges in the company's multi-million dollar fuel rebate scam. Four other former employees are set to stand trial in October. Federal agents raided Pilot's Knoxville headquarters and several other nearby offices in April 2013. [Poster's note: This story is from 7/27/17 but is still relevant, especially when deciding what fuel outlet to patronize. FlyingJ's CEO is the brother of Tenmessee's governor.]

Sep 01 06:35

President Trump Wants Tax Cuts, But Once Again The RINOs In Congress May Block His Agenda

It has become exceedingly clear that we need to try to remove as many establishment Republicans from Congress as we possibly can in 2018.

Sep 01 06:18

UK petrol prices set to rise after Storm Harvey

Drivers have been warned to expect a rise in the price of petrol due to the effects of Storm Harvey, which has ravaged parts of the United States.

The price of a litre of petrol at the pump could rise by 4p per litre, taking the average price up to above £1.21 per litre.

Petrol hasn't been this expensive in the UK since December 2014.

RAC Fuel Watch data shows that this would also mean the average price of a litre of unleaded moves above that of diesel, something that has not been seen in the UK since early June 2016.

Sep 01 06:02

Motorists make mad dash for the pump as shortage looms

Mariah Maldonado, an employee at Flying J on Jacksboro Highway, said she has never in her three years at the business seen a rush on gasoline like she was seeing Thursday afternoon. She said the station's tank for regular gasoline went from 11,000 gallons to 6,000 gallons in about three hours.
"All of our pumps have been full for about five hours now. Everybody is always on a pump," she said. "It's kind of a big deal because we haven't heard anything basically of when we're going to get our next truck."... The Texas attorney general's office said anyone seeing gas prices of $4 or higher should take pictures and report the stations as price-gouging.

Sep 01 03:27

Hurricane Harvey Aftermath: 100,000 Homes Destroyed, A Million Vehicles Ruined And Bottled Water Being Sold For $99 A Case

It is now being estimated that the total amount of economic damage caused by Hurricane Harvey will be somewhere in the neighborhood of 190 billion dollars. 

Sep 01 01:57

Strange, Rothschild Dumps A Huge Amount Of US Assets

ADP stats came out today and jobs surged by the most in 5 months. There are many cities that have surpassed the housing bubble in 2008 and we are approaching housing bubble 2 and when it pops it will be a disaster.

Aug 31 18:43

Why Wages Have Lost Ground in the 21st Century

Faced with zero pricing power and higher costs, employers either add hours to existing employees’ schedules or hire no-benefit part-time employees. This is the reality for most small businesses.

Aug 31 13:54

The Great Equity-For-Debt Swap

Aug 31 13:40

Not So Quick, Silver?

Aug 31 13:29

Nervous Nike employees await dreaded layoffs

Aug 31 13:25

The Ugly Truth Of The Economic Disaster That's Headed Our Way

Eurozone consumer spending is expected to decline in the next year. Best Buy sales improves because their competitors went out of business. US wages cannot keep up with the cost of purchasing a home.

Aug 31 13:25

Apple's Tim Cook dumps $54m worth of shares just weeks before new iPhone launch

Sharemarket investors are over the moon about the prospects for Apple's next iPhone. But the company's top executive isn't sending the most bullish signal.

Apple CEO Tim Cook in recent days sold about $US43 million ($54 million) worth of company stock, according to a regulatory filing, reflecting a sale of all the net shares he was awarded last week for his job performance.

It's a nice time for Cook to get handed a big batch of Apple stock. Shares hit an all-time high on Tuesday and have climbed 41 per cent so far this year.

Aug 31 13:16

From Stocks To Bonds, The Bear-Market Signals Are Multiplying

Risks are stacking up for markets attempting to recover from the latest provocation by North Korea and the mounting damage of Tropical Storm Harvey.

Aug 31 13:03

Gasoline Prices Starting to Climb Because of Hurricane Harvey

Gasoline prices were on the climb before Hurricane Harvey hit. Now, the advance is very likley to pick up steam with many Texas refineries closed. More than 10 refineries have been knocked offline by historic flooding in the Houston and Corpus Christi regions

Aug 31 09:12

Wells Fargo says staff created 3.5MILLION fake accounts without customers' permission to meet sales targets

The scope of Wells Fargo's fake accounts scandal grew significantly on Thursday, with the bank now saying that 3.5 million accounts were potentially opened without customers' permission between 2009 and 2016.

That's up from 2.1 million accounts that the bank had cited in September 2016, when it acknowledged that employees under pressure to meet aggressive sales targets had opened accounts that customers might not have even been aware existed.

Aug 31 09:10

'Worst' energy crisis US has seen in decades: Storm-damaged main pipeline carrying 58.8million gallons of fuel from Texas to the East Coast a day shuts down as international traders rush to reroute fuel to America

Colonial shut down its main diesel and jet fuel line on Wednesday evening and will close its gasoline line on Thursday. The main line carries 1.4million barrels of gasoline from the Gulf Coast to as far east and north as North Carolina every day.

The 1.4million barrels traveling through the main line provide 58.8million gallons of gasoline to the East Coast daily. Over all its lines, the system transports daily more than 3million barrels, or 126million gallons, of fuel.

'I've never seen a situation this bad,' said one East Coast market source. 'Imports can't make up for this. ... This is going to be the worst thing the US has seen in decades from an energy standpoint.'

Aug 31 07:58

EU facing 51 lawsuits worth BILLIONS of pounds for shutting down Spanish bank

THE European Union (EU) is facing 51 lawsuits amounting to billions of pounds for shutting down Spain’s sixth largest bank.

Aug 31 07:11

What will Harvey do to “Carmageddon?”

How will it impact nationwide auto sales?

Aug 31 05:46

Why Wages Have Lost Ground in the 21st Century

The problem with stagnant wages is our socio-economic system requires ever-higher incomes to function.

Aug 30 21:46

Modi Cash Ban a `Total Failure' as 99% of Banned Notes Back

Banks have received 15.28 trillion rupees ($239 billion), or 99 percent of the currency invalidated, the Reserve Bank of India said in its annual report on Wednesday. The government had initially estimated about 5 trillion rupees wouldn’t be declared following the sudden move on Nov. 9, indicating that this was cash stashed away illegally to avoid tax. The cash ban prompted the central bank to print new currency, reducing its profit and cutting annual dividend payout to the government by half.

“This data proves that demonetization was a total failure,” said Mohan Guruswamy, chairman of New Delhi-based Centre For Policy Alternatives, who’d advised a previous government led by the current ruling party. “The prime minister obviously had overstated his case. You’ve lost so many jobs across sectors. How can people trust Mr. Modi and his numbers?”

Aug 30 21:43

YouTube “Economically Censors” Ron Paul, Labels Videos “Not Suitable” For All Advertisers

Former US Congressman Ron Paul has joined a growing list of independent political journalists and commentators who’re being economically punished by YouTube despite producing videos that routinely receive hundreds of thousands of views. Still, economically punishing a former US Congressman and medical doctor is a new low in Silicon Valley’s campaign to stamp out dissent.

Aug 30 18:23

Your Government Shutdown Survival Guide

On or around October 2, the US federal government will shut down – again. The actual date could be a bit earlier or later, depending on how the government’s cash flows. Technically, the government should have shut down on March 15, 2017. That was the date that a congressionally approved temporary extension of the debt ceiling expired. So on that date, the amount of debt on the books ($19.808 trillion) became the new debt ceiling. Since then, the Treasury hasn’t been able to issue any more federal debt.

Aug 30 17:04

California Legislature Wants to Tax Drinking Water for First Time in History

Although Senate Bill 623 is titled: “Safe and Affordable Drinking Water Fund,” a coalition of agricultural and environmental lobbyists convinced its author Sen. Bill Monning (D-Carmel) to amend the ground water cleanup bill that has been moving through the Legislature since February, to quietly add a water tax of 95 cents per month on every residence and business. The bill would also tack on $30 million in farm and dairy fees.

Aug 30 16:58

Made in the USA (by Robots): China to Open Sewbot Factory in Arkansas, Producing Shirts for 33 Cents

By early 2018, Tianyuan Garments Co., based in the Suzhou Industrial Park in eastern China, will unveil a $20 million factory staffed by about 330 robots from Atlanta-based Softwear Automation Inc. The botmaker and garment company estimate the factory will stitch about 23 million T-shirts a year. The cost per shirt, according to Pete Santora, Softwear’s chief commercial officer: 33¢.

Aug 30 15:40

Bitcoin Soars To Record High $4,600

The prices of Bitcoin has exploded overnight, surging over 6% to a new record high above $4600 as demand from South Korea and Japan spurred more safe haven buying as gold and Treasury bond prices rose following North Korea’s most provocative missile launch yet.

Aug 30 15:29

Big Bank Bosses Are Dumping Their Stocks As "Credit Risk Ricochets Back"

"Credit risk is ricocheting back as a legitimate concern after years of hibernation..."

Aug 30 15:28

19 European Countries Now Have Negative Interest Rates

The Jackson Hole monetary conference had no sooner ended than one more European country was added to the scroll of countries with negative 2 year sovereign yields...

Aug 30 14:35

CEO: "No Way To Prevent Imminent Explosion" At Flooded Texas Chemical Plant

a potentially disastrous outcome from the Harvey flooding

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