ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Oct 13 08:33

Mapped: Top Countries by Tourist Spending

Oct 13 08:33

Stocks Don’t Care About Impeachment

Oct 13 08:27

15 people shot Saturday, including 2-year-old; Baltimore Police seek gunman who fired near officers

Fifteen people, including a 2-year-old child, were shot on another violent Saturday in Baltimore. And police are searching for an assailant who fired shots near a police officer after a triple shooting in Park Heights on Saturday night.

Oct 13 07:17

China's Modern Blueprint For Global Power

Authored by Lawrence Franklin via The Gatestone Institute,

The People's Republic of China, which celebrated its 70th anniversary on October 1, is led by the Chinese Communist Party's General Secretary, President Xi Jinping. In his speeches, Xi often refers to "Qiang Zhong Gwo Meng" ("the Chinese dream"), a code phrase for the era of rejuvenation when China will eventually overtake the United States as the most powerful nation in the world.

Beijing apologists depict China as a non-predatory power, comparing it favorably to Europe's colonial countries in the past and to today's United States.

Similarly, the state-controlled Chinese media depict Chinese statecraft as being based on and reflecting ancient Confucian ethics:

Webmaster's Commentary: 

I fail to see precisely where the article is supposed to inform/lead the US government on its foreign policy concerning the stellar rise of China, both economically, and as a nation state; however, that being said, reading the ending attributions does give one a sense of who the person is who wrote it,and their respective mindset.

The guy's name: Lawrence Franklin; please remember that.

So what would this former Iran Desk Officer under former Secretary of Defense Rumsfeld, a war criminal many times over, have We the People, and the US government, do?

Are we, as were the Pope's soldiers instructed by at the siege of Montsegur during the persecution of the Cathars in Languedoc, administered by Papal Prelate, Dominique de Guzman (who was, of course, later sanctified by the Roman Church as "St. Dominic) supposed to support a movement animated by the cry, "Kill them all; God will find His own"?!?

OK, shall the US government exterminate millions of innocents because it doesn't particularly like the current philosophy and goals of their current government?!? IF it looks like a war crime; moves like a war crime, and smells like a war crime (massive amounts of putrefying human flesh with no remedy for the stench), it's is a war crime, folks.

So what do we do as a country?!? IF it is still possible by any of the alleged brainiacs inhabiting the "think tanks" of this country, OUTTHINK THEM!!!

Put this country on a currency based on intrinsic value; declare a "jubilee" for debt forgiveness; and create weapons which actually, really work in combat.

Next, haul presidents of all the companies who hobnob with Washington's elite, yet consistently turn out junk which, even after years of fixes, and cost-over-runs, like the F-35, fail in combat situations into a court of law, charge and convict them with "failure to deliver", and have them cool their heels in a non "Club Fed" environment for some time.

That would go a long way toward curing the problem; of course, that will never happen, so we are looking at two possible outcomes here; World War III, or a complete collapse of the American government.

I don't like either option; but having this country's government go down into complete financial ruin would be less hazardous to the health of the the entire planet, than another world war.

Sorry for the "gloomanddoomistic" tone of this post, but please remember: everything has a life cycle; people; governments, and yes, planets themselves have a life cycle, including this earth, when our sun becomes extinct.

Oct 12 20:58

How to grow marijuana indoors: A beginner’s guide

Get a medical card and do it legally!

Congratulations, you’re interested in growing your own cannabis plants for the first time! But before you flex that green thumb of yours, understand that growing marijuana indoors presents a unique set of challenges for the new hobbyist, and the sheer volume of information available on the subject can be overwhelming.
Our guide to indoor cannabis growing will help simplify the process for you into clear, easy-to-digest sections designed to help the first-time grower get started.

Oct 12 20:40

Cannabis: A Lost History

Cannabis, better known as marijuana, has been used for its medicinal properties for thousands of years. Historical remnants from all around the world reveal the importance of cannabis in medicine and spirituality
The earliest written references to cannabis are found in the Chinese Materia Medica, written by Shen Nung around 2800 B.C. Nung documented 100 conditions that responded well to cannabis, including gout and rheumatism
For thousands of years, cannabis remained one of the 50 essential plants used in Traditional Chinese Medicine. The Vedas, the sacred text of India, also lists cannabis as one of five sacred plants
The ancient Egyptians, Persians and Greeks also used cannabis in a variety of ways, including medicinally and for spiritual upliftment

Oct 12 06:59

Oil Giant Slashes Jobs Amid Shale Slowdown

Oct 12 06:39

POWELL LIED: QUANTITATIVE EASING IS BACK

Oct 12 04:58

How Americans Spend Their Money, in One Chart

Oct 11 22:32

'It’s a lovefest!' Trump announces ‘substantial' partial US-China trade deal on agriculture, intellectual property, & finance

The US and China have reached a “very substantial phase one” deal, US President Donald Trump has declared. Tariffs due to take effect on Tuesday have been canceled, and markets responded with elation.
Phase one of the deal includes intellectual property, financial services, and agricultural purchases, Trump announced on Friday during a meeting with Chinese vice premier Liu He in the Oval Office, adding that the actual agreement may take up to five weeks to write. Planned tariff increases from 25 to 30 percent on some $250 billion in Chinese goods due to take effect next week have been scrapped.

Oct 11 17:04

Telecoms Want to Hide Detailed 5G Installation Maps from The Public AND The Feds

By B.N. Frank

The role of the Federal Communication Commission (FCC) is to protect the public by regulating the telecom industry. Unfortunately, they’ve been doing the exact opposite for many years now.

Now telecoms don’t even want the FCC to know where they are installing 5G...

Oct 11 15:34

EU civil war breaks out as Austria spearheads rebellion against post-Brexit budget hike

AUSTRIA is on a collision course with incoming president of the European Commission Ursula von der Leyen after reiterating its vehement opposition to the EU’s insistence that each of the EU27 should pay a minimum annual contribution of 1.1 percent of GDP.

And Austrian finance minister Eduard Muller said the EU would need to tighten its belt after Britain, which makes an annual contribution of more than £13billon, leaves the bloc, rather than simply expecting everyone else to pay more. The Commission affirmed the figure at a meeting in Brussels on Wednesday, relating to the amount each member state is expected to pay into the EU’s multi-annual budget, which runs from 2021 to 2027.

Speaking prior to the meeting, Mr Muller warned: “A smaller EU has to manage with a smaller budget.

Oct 11 11:17

CHINA’S SANCTIONS AGAINST AMERICAN FARMERS ARE LIKELY PERMANENT

The American farmer keeps getting bombarded with bad news, and it doesn’t look like it’ll be alleviated any time soon. The tariffs the Chinese slapped on American soybeans are corn are likely to do permanent and everlasting damage to the economy.

It’s a fear many farmers from North Dakota to Mississippi have acknowledged for the past year, according to a report by Forbes. American farmers have raised their concerns about everlasting damage because they’ve invested millions of dollars in soybean expansion because of China. Now that Chinese demand has moved to Brazil instead, that market (and their investment) may be lost for good and it can be blamed on the trade war.

China’s decision to stop buying commodities like soybeans from U.S. farmers has already done irreversible damage to the agricultural industry. Soybeans had been rotting in silos and farmers have no one to buy their goods – meaning they will likely begin missing payments if they haven’t already.

Oct 11 11:10

RED ALERT! Fed Announces Permanent Bank Bailouts to Save the System!! (Bix Weir)

Oct 11 08:25

John Rubino – Volatility Rising

Oct 11 07:59

Gold & Silver in Q3: Beating All Comers

Oct 11 07:18

Revealed: Facebook paid just £28m tax despite £1.6billion earnings in UK and a 50% surge in profits

Facebook has generated a record £1.6billion in British sales and its profits are also up 50 per cent but they only paid £28million in UK corporation tax last year, new figures revealed today.

Mark Zuckerberg's social media behemoth increased its UK revenues by almost a third in 2018 - up around £300million - from £1.3billion.

But profits only increased by £36million to £97million - meaning the Treasury only received £28million in corporation tax - with a £356million research and development bill and a £431million wage and pension bill blamed.

Oct 11 06:00

Jeff Bezos’s Master Plan

At the heart of this faith is a text Bezos read as a teen. In 1976, a Princeton physicist named Gerard K. O’Neill wrote a populist case for moving into space called The High Frontier, a book beloved by sci-fi geeks, NASA functionaries, and aging hippies. As a Princeton student, Bezos attended O’Neill seminars and ran the campus chapter of Students for the Exploration and Development of Space. Through Blue Origin, Bezos is developing detailed plans for realizing O’Neill’s vision.

Oct 10 21:35

Return to Russia: Crimeans Tell the Real Story of the 2014 Referendum and Their Lives Since

IMFEROPOL, CRIMEA — In early August I traveled to Russia for the first time, partly out of interest in seeing some of the vast country with a tourist’s eyes, partly to do some journalism in the region. It also transpired that while in Moscow I was able to interview Maria Zakharova, spokeswoman of the Foreign Ministry.

High on my travel list, however, was to visit Crimea and Donetsk People’s Republic (DPR) — the former a part of Russia, the latter an autonomous republic in the east of Ukraine, neither accurately depicted in Western reporting. Or at least that was my sense looking at independent journalists’ reports and those in Russian media.

Oct 10 18:00

Concentrated Cannabis: 4 Ways to Make Hash at Home

Why Make Hash?
Making hash is a wonderful method of preserving resin long after cannabis has been harvested. Whether in the kitchen or in the lab, hash making is a process that is available to everyone. Using old school methods or new school techniques, the process is relatively straightforward — agitate to remove trichomes, collect the resin, sort the resin by size, dry the resin, smoke and enjoy!

https://www.edrosenthal.com/the-guru-of-ganja-blog/water-hash-101-plus...

Oct 10 12:20

200-square-foot ‘shed’ renting for $1,050 a month in California

A rental listing in San Diego received some backlash from locals who say the rental illustrates how bad the cost of living has become in the city.

On a rental site called Zumper, the listing shows a 200-square-foot “studio” that is located in the University Heights neighborhood.

Monthly rent is $1,050 but the potential renter must have an income 2.5 times more than that and a credit score of 650 or better. They must also have good rental references and no rental evictions on their record.

The small abode comes with a wall air conditioning unit, full bathroom and a kitchen with a mini-fridge and full-sized stove and oven.

Oct 10 11:30

Iraq to join China’s Belt and Road project

Iraq will join China’s signature “Belt and Road” infrastructure investment project, the country’s prime minister said Monday in Beijing.

Adel Abdel Mahdi made the announcement in a meeting with Chinese President Xi Jinping during a state visit.

“Iraq has gone through war and civil strife and is grateful to China for its valuable support,” said Mahdi, in comments broadcast on Chinese state media outlet CCTV.

Oct 10 10:45

PayPal Writes Down $228 Million on Investments After Uber

PayPal Holdings Inc. will report a $228 million loss on investments before taxes in the third quarter, driven in large part by a bad bet on Uber Technologies Inc. just before it went public.

The San Jose, California-based payments company said the investment in Uber, for $500 million at the initial public offering price, had declined 34%. Another investment, in Latin American online retailer MercadoLibre Inc., had declined 10%, PayPal said.

Oct 10 10:36

The Hidden Costs of a Universal Basic Income

Oct 10 09:13

COMMIFORNIA: Gas is over $4.50USD a gallon!

Oct 10 06:46

Germany economy is crashing

Oct 09 18:50

No more ‘king’ and ‘queen’? Ohio school won’t use gendered words for homecoming anymore

An Ohio high school is doing away with gendered language for its homecoming court after two female students were crowned what would usually have been “king” and “queen” — but will now be known as “Homecoming Royalty” instead.

Oct 09 18:46

Robin Hood in reverse: US billionaires paid lower tax rates than working class in 2018 in latest blow to capitalism

American billionaires have never had it so good – they’re actually paying a lower tax rate than the working class, according to two economists exposing the real beneficiaries of a system that has redistributed wealth to the top.

The 400 wealthiest families in the US paid a lower effective tax rate than working class families for the first time last year, economists Emmanuel Saez and Gabriel Zucman of the University of California at Berkeley have claimed in their forthcoming book ‘The Triumph of Injustice’.

Billionaires, they say, were taxed at 23 percent, while working class families were taxed at 24.2 percent. Their calculations take into account state, local, and federal taxes, corporate taxes, and what the pair call “indirect taxes,” encompassing licenses and other fees paid to government.

Oct 09 16:22

Twitter “Unintentionally” Used Your Phone Number for Targeted Advertising

By Gennie Gebhart and Jacob Hoffman-Andrews

Stop us if you’ve heard this before: you give a tech company your personal information in order to use two-factor authentication, and later find out that they were using that security information for targeted advertising.

That’s exactly what Twitter fessed up to yesterday in an understated blog post: the company has been taking email addresses and phone numbers that users provided for “safety and security purposes” like two-factor authentication, and using them for its ad tracking systems, known as Tailored Audiences and Partner Audiences...

Oct 09 10:04

Job Openings Plunge To 17 Month Low As Slide In Hiring, Quitting Confirms Job Market Slowdown

Last month we concluded our analysis of the July Jolts by reminding readers that "JOLTS is 2 months delayed, so we wouldn't be surprised if next month's JOLTs is where the real ugliness lies." That's precisely what happened.

Just in case the last few disappointing payrolls reports weren't sufficient to indicate that the US labor market is cooling rapidly, the latest JOLTS released today by the BLS confirmed that US workers are going through a decidedly rough patch, as the total number of job openings dropped again, sliding to 7.051 million, below the 7.250 million expected, and not only below the downward revised June print of 7.174 million (7.217 previously), but the lowest number in 17 months, since March 2018.

Oct 09 10:03

Turkey Joins Russia's Ruble-Based Alternative To SWIFT

After repeated warnings over the past couple of years, Turkey and Russia have signed a pact to increase use of the ruble and lira in cross-border payments, with Turkey signing on to Russia's alternative to SWIFT, the international telecommunications protocol used by banks and central banks the world over.

Though SWIFT is an international cooperative owned by its members, with more than 10,000 banks worldwide relying on its system for handling sizable inter-bank transactions, the safety of the network was brought into question after a series of cyberattacks in 2015 and 2016 resulted in the theft of $101 million from the Central Bank of Bangladesh.

For the first time since SWIFT's laucnh, the hacks stoked doubts about the system's safety, and prompted many US rivals, including Russia, to ramp up work on their alternatives to SWIFT.

Oct 09 10:01

American Airlines Joins Southwest In Abandoning Hope 737 MAX Will Fly Again This Year

Even as Boeing still tells anyone who will listen that it is confident the infamous 737 MAX plane will fly again this year, its biggest clients are giving up hope, and earlier today American Airlines abandoned expectations it would resume flights with the Boeing Co. 737 Max this year, pulling the troubled plane from the carrier’s schedule beyond the end of 2019, at least through January 15, 2020.

As Bloomberg notes, the world's largest airline, which previously removed the aircraft through Dec. 3, is canceling 140 flights per day as its two dozen Max jets remain grounded indefinitely. With its announcement that it won't fly a 737MAX until 2020 at the earliest, American follows Southwest Airlines which in July said that it wouldn’t fly the plane before Jan. 6. Southwest is the largest Max operator, with 34.

United Airlines remains the major outlier, and still has the Max set to return to its schedule on Dec. 19, while Air Canada has removed the plane until Jan. 8.

Oct 09 08:57

Amazon Is Becoming One Of America’s Biggest Military Giants

By Aaron Kesel

Amazon is on its way to becoming one of the U.S. military’s biggest security giants, with a pending $10bn JEDI cloud computing deal that the company could win, MIT Technology Review reported.

In August the Pentagon halted the controversial contract deal, known as Joint Enterprise Defense Infrastructure (JEDI), an initiative to “aggressively accelerate the Department’s adoption of cloud architecture and services, with a focus on commercial solutions.”...

Oct 09 07:35

Researchers Attempt to Invent Low-Cost Alternative to Bitcoin

The cryptocurrency Bitcoin may be limited by its astronomical electricity consumption. A nearly zero-energy alternative sounds too good to be true, but as School of Computer and Communication Sciences (IC) Professor Rachid Guerraoui explains, it all comes down to our understanding of what makes transactions secure...

Oct 09 06:44

The Book Is About To Close On The Late Great United States Of America

Our story could have ended very differently. If America had embraced the truth, that would have put us on a far different road than the one we are on today. Instead, we are steamrolling toward oblivion, and only a small handful of brave watchmen are even warning about the ominous fate that lies directly ahead of us. We live at a time when “evil” is called “good” and “good” is called “evil”, and just about every form of human degradation that you can possibly imagine is absolutely exploding in our society.

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