ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Dec 07 16:20

Random Thoughts and Observations on the Middle Class

Following are random thoughts and observations on the middle class, and its wages.

Much has been said about falling real wages for the middle class. Wages are often tied to productivity. Productivity increases over the last 10 years have been horrible, averaging 1.6% a year. This increase in productivity will limit the flow through of real wages, even without global the pressures that exist.

Dec 07 14:58

CLYDE AND HIS GUNS

Clyde didn't mess around with Tommy guns firing the little ole.45 ACP, his favorite gun was his chopped down John Browning designed BAR in .30-06 caliber. His whippet gun.
Anybody who let Clyde get into action first was dead,which is why Hamer gave them no chance at all. Clyde more or less had a contract put on him by the governor of Texas for busting his buddies out of the state pen and killing 2 guards. Clyde was raped in prison.
Bonny and Clyde were penny ante crooks who robbed grocery stores and gas stations and maybe one bank.

https://www.youtube.com/watch?v=ylhz_WgJzWI&t=2139s

Dec 07 14:13

$67 Million in Bitcoin Hacked! THIS Is Who Did It!

Another hack for cryptos. This is a huge concern for many and as the price continues to rise, more hackers will scour the exchanges for faults. Just as they do for email accounts and credit card information and more. Protect your data with as many lines of defence as you possible can. Don't risk your wealth. This goes for all asset classes and information you don't want in anyone else's hands.

Dec 07 13:47

9-Year End Money Moves To Make Now

The week after Christmas begins with thoughts of lofty resolutions dancing around in our heads along with high expectations for success through the new year. There lies the great opportunity to settle in and take several financial actions that jump starts 2018 on solid fiscal footing.

Dec 07 13:09

Wall Street is not yet euphoric?

Retail investors are worshipping at the altar of FOMO (fear of missing out). It may prove to be a painful experience.

Dec 07 12:52

Warning: Trump’s Federal Reserve Pick Hates Gold and Cash

In case of emergency, you should always have a solid chunk of cash on hand. These days, that isn’t much riskier than keeping your money in a bank.

There are stories of banks and governments suspending accounts for no legitimate reason. Furthermore, the interest rates at banks hardly give you much incentive to store your money there.

But as with anything that gives individuals more control over their lives, the government doesn’t like it. They want the ultimate control to cut you off from your economic power.

Dec 07 11:24

The Case Of The Inexplicably Missing Defaults

Dec 07 10:12

TRUMP ECONOMIC RECOVERY

Dec 07 09:53

One Of Bank of America's "Guaranteed Bear Market" Indicators Was Just Triggered

It is undisputed that the last 2 quarters have demonstrated an impressive jump in corporate earnings growth, if mostly due to a beneficial base effect from plunging 2016 earnings which pushed them below levels reached in 2014. And naturally, this rebound has been more than priced into a market which has seen substantial multiple expansion since the Trump election to boot. But what is much more important for the market is what corporate earnings look like in the future, and it is here that Bank of America has just raised a very troubling red flag.

According to BofA's Savita Subramanian, in November the S&P 500's three-month earnings estimate revision ratio (ERR) fell for the fourth consecutive month to 0.99 (from 1.03), indicating that for the first time in seven months, there were more negative than positive earnings revisions, needless to say a major negative inflection point in the recent surge in profits. The bank's more volatile one-month ERR also weakened to 0.94 (from 1.16).

Dec 07 08:50

WHY THE GLOBALISTS NEED A WAR, AND SOON

In recent years the concept of “world war” has given way to a more insidious trend of constant and sporadic regional wars. In most cases these regional wars have helped to contribute to the steady downfall of the U.S. through accumulating national debts as well as international distrust or hatred. In fact, one might conclude that if we were to look at the macro-picture of the vast array of regional wars being perpetrated by the globalists we would see that all of them combined are amounting to a kind of world war in a different form.

Dec 07 08:47

101 Best Gold Quotes of All Time

Dec 07 08:06

Brexit 'SAPPING demand for German cars with number of exports PLUMMETING'

Matthias Wissmann of the German Federation of the Automobile Industry, said: "Brexit and the related lower demand in Britain caused by exchange rates has contributed to a 2.0-per cent fall in car exports, to 4.3 million vehicles.”

The UK is is the biggest export market by unit sales and the second-biggest in cash value.

German carmakers have around 20 per cent of global car market share this year with 16.4 million vehicles sold and produced around half of all new cars registered in Europe.

German carmakers have around 20 percent of global car market share this year with 16.4 million vehicles sold and produced around half of all new cars registered in Europe.

Dec 07 08:01

Largest Crypto-Mining Exchange Confirms It Was Hacked, $62 Million In Bitcoin Stolen

the total amount of bitcoins stolen from Nice Hash is 4736, or just over $62 million, and they have ended up at the following address:

Dec 07 07:53

Boston Globe slammed over Sheldon Adelson cartoon

A Jewish community leader has slammed the Boston Globe for publishing a cartoon depicting Jewish billionaire casino magnate Sheldon Adelson.

The cartoon by Ward Sutton, titled “Murder on the Tax-Cut Express,” appeared Friday. It portrayed the GOP tax reform bill – which the Senate approved Saturday – as a giveaway to Republican donors at the expense of others.

But the caricature of Adelson “evokes classic anti-Semitic imagery and reinforces existing stereotypes,” Robert Trestan, New England regional director of the Anti-Defamation League, complained to the Globe in a letter.

Webmaster's Commentary: 

It is Adelson's BEHAVIOR that evokes classic anti-Semitic imagery and reinforces existing stereotypes!

Dec 07 07:48

'I hate Brexit from every angle' Dutch PM's fury over Britain's decision to leave EU

BREXIT will have a "big" impact on the economies of European Union member states but will have an "infinitely bigger" effect on the United Kingdom, Dutch PM Mark Rutte has warned as he vented his fury over the decision to leave the bloc.

Dec 07 07:47

If Ireland Is Not A Tax Haven, What Is It?

No jurisdiction, except perhaps Bermuda, has more at stake per capita in the international tax game than Ireland. Again, reputation is central. Corporate boards and CEOs don't want their prestigious brands smeared by association. They cannot have their regional headquarters located in a jurisdiction that--whether fairly or unfairly--has obtained a reputation for less-than-aboveboard business dealings. The label "tax haven" implies sunny beaches and shady business. If Ireland wants to continue to attract investment by the world's most respected companies, it desperately needs to avoid the tax haven label. It must also avoid incurring the wrath of the citizenry of the European Union, who want Ireland to stop using low-tax rates to steal jobs and investment from their countries.

Dec 07 07:46

As Amazon Shares Fall, Jeff Bezos Is No Longer A Centi-Billionaire

Amazon CEO Jeff Bezos' two day streak as the world's only centi-billionaire is over -- for now.

Bezos' net worth topped $100 billion for the first time on Cyber Monday as Amazon shares soared. On Wednesday, his net worth fell $2.2 billion to $98 billion, as Amazon stock dropped more than 2% from Tuesday's close as of 1:45 p.m. Eastern Time. Because Bezos owns more than 16% of Amazon, small fluctuations in Amazon's stock have billion-dollar consequences for his net worth.

Webmaster's Commentary: 

My heart bleeds for his loss.

Dec 07 07:36

Bitcoin blasts through $15,000

In the last 36 hours, Bitcoin has blasted through $12,000, $13,000, $14,000, and now $15,000 levels in an unprecedented 28% surge…

Dec 07 07:15

EU's tax haven blacklist ruthlessly mocked after bloc REFUSES to include member states

Earlier today, EU finance ministers agreed 17 countries including South Korea, Panama, Saint Lucia, Samoa, Trinidad and Tobago, Tunisia and the United Arab Emirates (UAE) are not doing enough to crack down on offshore tax avoidance schemes.

These countries and American Samoa, Bahrain, Barbados, Grenada, Guam, Macau, Marshall Islands, Mongolia, Namibia, Palau, now face restrictions on EU funding or potential investments from the European Investment Bank, while the governments of member states are able to impose their own sanctions on the blacklisted states.

However, the blacklist has already been condemned for being “politically led” after EU countries including Luxembourg and Ireland were left off the list.

Dec 06 14:26

How Tax Cuts Will Trigger Recession

Dec 06 13:14

Why The Globalists Need A War, And Soon

International financiers and political puppets in Western AND Eastern countries share a deep rooted ideology called "globalism" or the "new world order." This ideology demands total centralization of economy and government resulting in a single global fiscal authority, a single global monetary system and a one world ruling structure. Obviously, such a pursuit would take extensive time and planning. It is a long term project, with moments of accelerated change.

Dec 06 11:16

Gambling? I'm Shocked!

Dec 06 09:30

Gold Headed to $10,000 Says Jim Rickards

Dec 06 08:55

Big Red Flag for This Major Global Market

Dec 06 08:43

FIFTH OF UK POPULATION NOW IN POVERTY AMID WORST DECLINE FOR CHILDREN AND PENSIONERS IN DECADES, MAJOR REPORT REVEALS

Britain’s record on tackling poverty has reached a turning point and is at risk of unravelling, following the first sustained rises in child and pensioner poverty for two decades, a major report has warned.

Nearly 400,000 more children and 300,000 more pensioners are now living in poverty than five years ago, during which time there have been continued increases in poverty across both age groups – prompting experts to warn that hard-fought progress towards tackling destitution is “in peril”.

The report, by the independent Joseph Rowntree Foundation (JRF), shows that a total of 14 million people in the UK currently live in poverty – more than one in five of the population. While poverty levels fell in the years to 2011-12, changes to welfare policy – especially since the 2015 Budget – have seen the numbers creep up again.

Webmaster's Commentary: 

How a country will be judged, through the lens of history, is in large part through how it treats its most vulnerable of its citizens, both its children, and its medically fragile elderly.

The UK is failing its most vulnerable citizens, and catastrophically, right now.

Dec 06 08:24

How Much Money Does the Average American Need to Feel Financially Secure?

Financial security: It’s a concept foreign to millions of Americans. The thought that you have enough money to pay your rent, phone bill, and put food on the table is a pipe dream for a lot of people. Although you might have a job and enough cash flow to make ends meet, feeling true financial security is a long way off in most households.

Dec 06 08:21

Nearly Insolvent Illinois Just Issued AAA-Rated Bonds Via This Shady Goldman Sachs Financing Structure

So what do you do when you're effectively a junk-rated credit risk but you need to sell another bond deal to keep your ponzi scheme going a little longer? Well, you turn to Goldman Sachs to help you engineer a shady corporate structure that supposedly gives new bondholders first dibs on sales tax revenue (i.e. you prime other unsecured bondholders)...which is just clever enough to fool the rating agencies into giving it a AAA-rating but, as analysts and investors point out, is unlikely to mean much of anything in a bankruptcy scenario.

Dec 06 07:55

Dollar Suffers Worst Year Since 2003 (And The Future Looks Even Grimmer)

The US Dollar is down over 9% year-to-date against a broad basket of the world's fiat currencies, tumbled over 10% against gold, and has collapsed against Bitcoin; but, as Bloomberg's Garfield Reynolds warns, the dollar's worst year since 2003 is about to get "even grimmer" in 2018...

Via Bloomberg,

The one point of clarity coming out of Washington is that tax reform isn’t about to save the dollar where Fed rate hikes have failed.

Dec 06 07:27

Paul Craig Roberts Exposes "Plunder Capitalism"

I deplore the tax cut that has passed Congress. It is not an economic policy tax cut, and it has nothing whatsoever to do with supply-side economics. The entire purpose is to raise equity prices by providing equity owners with more capital gains and dividends.

Dec 06 06:50

After SEVEN years of EU HELL: Greece collapse nears END - but are they set for CALAMITY

After years spent crushed under the burden of its own national debt, the Greek government believes that the embattled euro zone economy is ready to finally ready to stand on its own feet.

The government says a deal with international creditors on its current debt pile is just around the corner with Greek minister of state Dimitris Tzanakopoulo telling reporters in Athens on Monday: "I think we will achieve a very, very good result very soon."

Its third bailout programme, an 86 billion euro aid package (£75 billion), concludes in August of next year. In principle, from August, Greece will no longer receive money from creditors and be free to finance itself in the public markets.

Dec 06 06:26

EU in crisis: Desperate Macron's bid to save eurozone as finance ministers RESIST reform

Mr Macron’s plans for the Eurozone were presented before the European Commission on Tuesday.

His sprawling reforms including a Eurozone budget, finance minister and parliament.

They are designed to deepen members’ ties to the Eurozone and make the way it is run more democratic - as well as prevent future financial crises.

But the former Dutch finance minister objected to changes to an independent monetary body amid fears of a major backlash against Mr Macron, Luxembourg news site Delano reports.

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