ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Feb 09 10:38

92% Of Leftist Activists Live At Home With Mother Into Adulthood

In case you were wondering what sort of activists fill out the crowds in Soros-funded left-wing rallies, new research proves vast majority of protesters arrested for politically-fuelled offences are young men who still live at home with their mother.

Feb 09 10:25

Leaked Trump Presidential Memo Would Free U.S. Companies to Buy Conflict Minerals From Central African Warlords

THE LEAKED DRAFT of a presidential memorandum Donald Trump is expected to sign within days suspends a 2010 rule that discouraged American companies from funding conflict and human rights abuses in the Democratic Republic of Congo through their purchase of “conflict minerals.”

The memo, distributed inside the administration on Friday afternoon and obtained by The Intercept, directs the Securities and Exchange Commission to temporarily waive the requirements of the Conflict Mineral Rule, a provision of the Dodd Frank Act, for two years — which the rule explicitly allows the president to do for national security purposes. The memorandum also directs the State Department and Treasury Department to find an alternative plan to “address such problems in the DRC and adjoining countries.”

Feb 09 09:23

HARVARD ECONOMIST: 42 PERCENT OF IMMIGRANT HOUSEHOLDS ON PUBLIC ASSISTANCE

A Harvard economist has found that nearly 42 percent of immigrant households in the United States are on public assistance of some kind.

“In 2016, there were 8.9 million households headed by a non-citizen … almost 42 percent of those households received some type of assistance,” George Borjas, Professor of Economics and Social Policy at the Harvard Kennedy School, wrote on his website on Feb. 1.

To come to his conclusions Borjas used census data from 1994 to 2016 to calculate how many of the migrant-headed households receive either money, food stamps, or Medicaid.

Feb 09 09:09

Time Bomb In Oil Markets: Goldman Sachs Issues Warning

So is the gasoline demand data accurate, and is a recession quietly gripping over the U.S., even as most other indicators are calmly flashing green?

Here Goldman refuses to believe the official data, instead reverting to its own model, which "adjusts" the data, to goal-seek the decline to appear more manageable.

Feb 09 09:08

Are These OPEC Members Sabotaging The Output Deal?

OPEC provide a shot in the arm for oil prices this week when S&P Global Platts reported a much higher than expected compliance rate for the month of June. So far, OPEC has achieved 91 percent of its promised production cuts, impressing many oil watchers who expected mutual antipathy and mistrust to get in the way of cooperation.

But the success of the deal could be undermined by a few members within OPEC that are not part of the deal. Libya and Nigeria were given exemptions, due to the sizable portion of oil production capacity sidelined because of war, sabotage and political strife in both countries.

Feb 09 09:06

Will Trump shift on entitlements?

Rep. Mark Meadows (R-N.C.) the chairman of the House Freedom Caucus, said Democratic efforts to tie Trump to campaign comments about preserving entitlement programs miss the mark, and that his talks with Trump show the president is prepared to back entitlement reform so long as current beneficiaries don’t see their benefits cut.

Feb 09 08:49

The Costs of Dragon Maintenance

he next time you:

Pay your mortgage, which is mostly interest;
Pay your outrageously large auto or student loan;
Pay an exorbitant amount for health insurance;
Pay an even larger co-pay for a minor hospital procedure;
Buy groceries for $100 and compare that purchase to what $100 bought in 1971;
Realize that a four person family’s share of the U. S. national debt is nearly one-quarter million dollars …
Consider the costs of fiat paper currencies, deficit spending, central banking and … dragon maintenance.

Feb 09 08:38

Recession 2017? Things Are Happening That Usually Never Happen Unless A New Recession Is Beginning

Is the U.S. economy about to get slammed by a major recession? According to Gallup, U.S. economic confidence has soared to the highest level ever recorded, but meanwhile a whole host of key economic indicators are absolutely screaming that a new recession is beginning.

Feb 09 08:30

Whole Foods announces store closings…

Feb 09 08:28

Gold Prices Continue to Surge

For the fifth consecutive day, gold prices have traded to higher pricing. But the real story is that gold has been gaining ground, now adding over $100 since trading to a low of 1125 per ounce in December of last year. The last time gold prices were this high was on November 11, just following the post-election selloff, which took gold prices over $200 lower.

Feb 09 08:13

Chelsea Clinton’s Husband Quietly Shut Down Hedge Fund After Hillary’s Loss

We’re just learning that Mezvinsky shut down his Eaglevale partners hedge fund just weeks after his mother-in-law Hillary Clinton lost the presidential election to Donald Trump.

Taking big losses betting on the financial problems in Greece, one could speculate that Mezvinsky and his high-profile business partners were hoping to cash in on their connections during a Hillary Clinton presidency.

Now, he and Chelsea are both out of work:

Webmaster's Commentary: 

There is buzz that Chelsea will run for Congress, if she can overcome her mother's legacy.

Feb 09 07:33

The EU just revealed its latest splurge…and if you’re a UK motorist it will drive you mad

BRUSSELS is set to blow £400 million renovating a 40-mile stretch of motorway in Poland whilst British roads crumble following decades of neglect.

Feb 09 07:22

US Soldier: “The Real Terrorist Was Me And The Real Terrorism Is This Occupation”

A powerful confession by US soldier Mike Prysner on his experience fighting in Iraq: “Our real enemies are not those living in a distant land whose names or policies we don’t understand; The real enemy is a system that wages war when it’s profitable, the CEOs who lay us off our jobs when it’s profitable, the Insurance Companies who deny us Health care when it’s profitable, the Banks who take away our homes when it’s profitable. Our enemies are not several hundred thousands away. They are right here in front of us.” – Mike Prysner

Feb 09 07:00

Oroville Dam spillway crumbling amid heavy rains

Flows from one of California’s biggest supplies of drinking water were suspended Tuesday after a massive hole opened in the Oroville Dam spillway amid heavy rains.

In a statement, the state agency said there was “no anticipated threat to the dam or the public.”

Webmaster's Commentary: 

The nation's infrastructure, long neglected in order to pay for wars, is starting to fail. California was starting to pull out of its drought with the extra rain this season, then this happened to erase much of the gains. From the discoloration at the bottom, it appears the flow of water is continuing to undermine the spillway, leaving adjacent sections unsupported from below. Look for more failures in the near future.

The Oroville dam is the tallest earthen dam in the world, second largest after Aswan, and if the water pouring through the hole in the spillway starts to erode the base of the dam, there could be major problems during the spring melt!

Feb 09 06:55

MORE FINES FOR DEUTSCHE BANK FOR RUSSIAN TRADES

If you've been following the strangeness in banking over the past few years (and decades for that matter) you'll have noted certain names to keep popping up, and this is particularly the case in the aftermath of 9/11, and one of those names is Deutsche Bank. This article was shared by Mr. M.M., and there's a few things in this article that caught my attention, but unless one knows the story, the bland reporting of the Reuters article will cause those things to go completely unnoticed. Besides being under investigation in Italy for some shady trading deals implying the use of the float to generate money, and besides having already been hit with fines for other things, being under investigation for helping to rig the London Inter-Bank Offered Rate (LIBOR), now the big German bank is being hit with fines for trades involving Russia:

Feb 09 03:46

Tulsi Gabbard is Fighting to Bring Back Glass-Steagall

Rep. Tulsi Gabbard is leading the charge to reinstate Glass-Steagall, a piece of New Deal legislation enacted during the Great Depression that prevented big banks from gambling with depositor's funds. Glass-Steagall was repealed by President Clinton in 1999, but thankfully, Tulsi Gabbard is fighting to reverse this irrational decision.

Feb 08 21:44

The Run-Down On Elaine Chao, Trump's DOT Chief & The Highway Tru$t Fund Cri$i$

This is a follow-up to my 'U.S. Interstates Worse than A Six Flags Rollercoaster' vids from yesterday. "The highway trust fund will go bankrupt by 2021 if we don't do something, so we all know this," Chao warned at her Senate confirmation hearings last month. In this video I explain who Chao is and what her plan to save the highway trust fund entails.

Feb 08 17:02

This Is How Out-Of-Whack US Trade Relationships Really Are

After 25 years of apathy.

Feb 08 16:43

New York Stock Exchange Faces Lawsuit Over 2015 Blackout

The Securities and Exchange Commission (SEC) has indicated that it will file a lawsuit against a 2015 outage on the New York Stock Exchange (NYSE). The four-hour long blackout was the worst in the exchange’s history.

Feb 08 16:40

The Biggest Gold Heists In History – So Far

One concern of retail precious metals investors is the possibility of a gold confiscation.

Imagine having the forethought to buy gold to shield your finances from an economic or monetary crisis—only to have it taken away from you by your government. You’d lose not just the protective buffer you put in place but potentially a chunk of your net worth.

Feb 08 16:25

Everything Is Almost In Place, The Economic Crisis Is About To Begin

Greece is getting to default on the debt, countries are setting up parallel system to protect themselves. German industrial production plunges most since 2009. The pace of hiring has slowed, those allegedly quitting has slowed.

Feb 08 16:06

Video: Keiser Report: Topsy–Turvy World

Max & Stacy discuss corn-fed cannibals and copyright-protected Mickey Mouse. Max interviews former market maker at the Pacific Coast Exchange.

Feb 08 16:06

Crude Oil; Most crowded bullish trade in history in play

In the summer of 2014, when Crude Oil was trading near $106 per barrel, traders amassed the largest bullish crowded trade in history. After the crowd turned big time bullish Crude Oil, it started falling in price and Crude underwent a history decline, losing over two-thirds of its value in less than 2-years.

Feb 08 15:48

Will rising bond yields mean ECB QE is To Infinity! And Beyond!?

Yesterday the ECB ( European Central Bank ) President Mario Draghi spoke at the European Parliament and in his speech were some curious and intriguing phrases.

Feb 08 15:43

RACKSPACE BEGINS LAYOFFS…

Feb 08 13:57

BCBG PREPARING FOR POSSIBLE CHAPTER 11 FILING

Feb 08 12:50

ALL WARS ARE BANKERS' WARS!

I know many people have a great deal of difficulty comprehending just how many wars are started for no other purpose than to force private central banks onto nations, so let me share a few examples, so that you understand why the US Government is mired in so many wars against so many foreign nations. There is ample precedent for this.

Webmaster's Commentary: 

TIME FOR A REPOST! Iran announces they are dropping the US dollar, and immediately there is a ratcheting up of calls for war on Iran. The link between private central bankers and wars does not get more obvious than this!

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Feb 08 12:08

Alabama Governor: If We Can Put A Man On The Moon, We Can Build More Prisons

Alabama Gov. Robert Bentley (R) pointed to one of man’s greatest scientific achievements as evidence that his state could build more prisons.

Noting that 2019 would mark the 50th anniversary of his state putting a man on the moon, Bentley argued that Alabama should be able to build more facilities.

“If Alabamians can put man on the moon, we can build new prisons,” Bentley said during his State of the State address on Tuesday. The Saturn V rocket, which propelled Apollo 11 to the moon in 1969, was built at Marshall Space Flight Center in Huntsville, Alabama.

Bentley is seeking to borrow $800 million to build four new state prisons, according to AL.com. The money would pay for four new prisons ? three for men and one for women ? while 13 of the state’s 15 men’s facilities would close.

Alabama has severe overcrowding in its prisons. Last year, PBS reported that the system was holding over 24,000 prisoners ? nearly double the number it was designed for.

Webmaster's Commentary: 

A memo to Alabama Governor Bentley; this was a truly, lousy analogy, and a really nasty slur against the memories of all who worked on Apollo 11 at Huntsville.

The American penal system is completely, dysfunctional, and the rate of recidivism is staggeringly bad, because it focuses only on punishment, rather than any rehabilitation whatsoever.

Countries like Sweden, which do focus on rehabilitation, have far better outcomes and far fewer former criminals who re-offend.

I would like to remind you, Governor Bentley, that one of the classic definitions of insanity is to do the same thing precisely the same way over and over; yet expecting a different outcome.

So it is with the American penal system.

Feb 08 12:05

Is Rising Gold Price An Indication Of A Stock Market Crash?

A tame stock market and an S&P Index that isn’t posting losses or gains of even 1% for 40 consecutive trading days, present a troublesome picture for the investors. But with tranquil stability, there comes rising gold prices which are historically known to shake the very core of the stock markets.

Feb 08 11:54

Trump rides to Ivanka's defense after Nordstrom dumps her product line citing poor 'performance'

He is tweeting about his daughters business while supposedly in an intelligence briefing.

This morning, President Donald Trump lashed out at the retailer Nordstrom, for dumping his daughter's clothing line.

'My daughter Ivanka has been treated so unfairly by Nordstrom,' the president wrote. 'She is a great person – always pushing me to do the right thing! Terrible!'

The tweet came at 10:51 a.m., 21 minutes after the president's daily intelligence briefing was to start.

Feb 08 11:46

Rickards: Trump about to declare currency war

Six years ago in my first book, Currency Wars, I wrote, “There is nothing today that suggests the currency wars will end anytime soon.” Today, those words seem as true as ever.

Feb 08 11:17

THE BLOOD BATH CONTINUES IN THE U.S. MAJOR OIL INDUSTRY

The carnage continues in the U.S. major oil industry as they sink further and further in the RED. The top three U.S. oil companies, whose profits were once the envy of the energy sector, are now forced to borrow money to pay dividends or capital expenditures.

Feb 08 11:10

TRUMP ADMINISTRATION APPARENTLY HEADING FOR WAR AS IRAN DUMPS U.S. DOLLAR

While many were hoping against all odds that a Trump administration would live up to some of its campaign rhetoric and begin to back away from imperialistic foreign adventures, it seems those hopes are being dashed by the day as Trump and his team are giving every indication that they are moving toward war with Iran.

Webmaster's Commentary: 

A memo to President Trump:

Mr. President, I am begging you to listen to me; such a war is apt to go very badly for the US government and its allies.

It appears, and I am very concerned if this in fact is true, that your Administration has taken a page from the following Brookings Institute report:

WHICH PATH TO PERSIA?

In it, the suggestion is made to give Iran a real "sweetheart deal" (as happened with the P5+1 and President Obama), then make the Iranian government look "ungrateful" for the deal they have been given, as a pretext for war against it.

As I have mentioned in previous posts, and even in one today, should the US attack Iran, the Iranian government will most likely get extensive military aid from Russia.

And the US military does not have the weaponry; the money; the manufacturing; or the troop strength to insure a successful outcome to war against Russia and/or China.

President Trump, please don't get fooled by the people who want this war, many times because they will profit economically from such a war. Please remember that it is only the President who has to put his affairs into a blind trust, upon accepting the position of President; the rest of any cabinet members can make a killing (both literally and figuratively) by investing in the military/industrial complex.

Banks also love wars, as all sides borrow - at huge interest rates - to keep the war machines going, and to rebuild afterward.

I am hoping and praying that this is simply a strategy to get the P5+1 deal renegotiated; otherwise, God help this country, lurching into what may well be an unwinnable war that never should have been fought in the first place.

Feb 08 11:09

US Trade Deficit Continues To Rise

The US trade deficit has now reached dangerously high levels. Hitting the ceiling again after 2012, the deficit rose to $502 billion in 2016.

Feb 08 10:01

HEDGE FUND OF HILLARY CLINTON'S SON-IN-LAW HAS SHUT DOWN

Less than one year ago, we reported that Marc Mezvinsky, the husband of Chelsea Clinton and the son in law of Hillary and Bill Clinton, had shut down its Greek Fund after suffering 90% losses. To wit:

Despite having Goldman Sachs CEO Lloyd Blankfein as an investor and being Bill and Hillary Clinton's son-in-law, Marc Mezvinsky (and two former colleagues from Goldman Sachs who manage Eaglevale Partners hedge fund) told investors in a letter last February they had been "incorrect" on Greece, generating staggering losses for the firm’s main Eaglevale Hellenic Opportunity, a/k/a the "Greek recovery" fund during most of its life. By 'incorrect' the Clinton heir apparent meant the $25 million Eaglevale Greek fund had lost a stunning 48% in 2014.

Webmaster's Commentary: 

With all the inside information to which Marc Mezvinsky had to be privy, how could he possibly have gotten this so horrifically wrong as for the firm to lose it's shirt?!?

Or, did it need to lose this staggering amount of money to offset other profits, hidden from the public eye?!?

Feb 08 09:58

US government’s 2016 net loss “more than doubled” to NEGATIVE $1 trillion

Every year around this time the US federal government releases an annual financial report to the public.

It would be hilarious if the numbers weren’t actually true.

Feb 08 06:39

Gold Buying Russia To Intensify Diversification On Trump ‘Unpredictability’?

Russia’s massive and increasing gold bullion reserves are kept in tightly-guarded locations across Russia due to the fear of sanctions and the ‘unpredictability’ of Donald Trump according to The Sun and Russia Beyond The Headlines.

Feb 08 05:12

Killing Dodd-Frank And The Fiduciary Rule Won't Be Easy

There were mixed reactions to news about the Whitehouse dismantling Dodd-Frank regulation . Some were celebratory, others critical , but one thing is for sure , it's a big deal .

Feb 08 03:57

Oil Prices Tank After API Reports 2nd Biggest Crude Build In U.S. History

U.S. crude oil inventories increased by a whopping 14.227 million barrels, according to this week’s American Petroleum Institute (API) inventory report published on Tuesday afternoon, pressing down further on already falling prices.

Feb 07 20:03

The 'Wild West' of Wall Street: Donald Trump plots 120 day plan to DEREGULATE US banks

DONALD Trump is planning to deregulate banks to pre-Obama conditions in a bid to bring market trading liquidity back.

And he wants to free up regulations covering mortgages to allow working class Americans the right to buy homes without government interference.

In an executive order signed off on Friday, Mr Trump is also giving banks a warning that he will not step in to bail them out if they mess up like they did in 2008.

The moves could see far ranging amendments made to the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was signed into federal law by President Barack Obama in 2010.

But they could unleash 'Wild West' conditions not seen since the mid 2000s, if they are implemented without caution, say analysts.

Feb 07 17:38

America's Highways: Better Than A Six Flags Roller Coaster

Take a quick trip with a trucker down America's Interstates and the dashcam video immediately illustrates what an egregious condition our nation's roads are in.

Feb 07 16:55

Utah May Soon Dump Federal Reserve: “Put Trust Back in God and Gold, Rather Than Central Bank”

States fed up with the phony, manipulated central bank currencies are starting to move away from the failing system – and prepare to hedge themselves against the worst case scenarios of monetary collapse.

Put more simply, Utah may soon lead the way of putting “trust” back in God and gold, rather than in God and the Federal Reserve.

Read more at SHTF

Feb 07 16:19

The Divine Worship of Obamacare

There is a certain truth to Obamacare, it has a purpose, it has a goal. But that goal is not to save lives. That purpose is not to ensure that all Americans get adequate health care.

Feb 07 16:12

WH Petition: Create More Jobs By Eliminating Laws Against Bitcoin and Digital Currency Traders and Exchangers

This petition is for President Trump to immediately sign an Executive Order to exempt all Bitcoin and Digital Currency(Cryptocurrency) traders and exchangers from the existing Money Service Business(MSB) and Money Transmitting Business(MTB) laws and regulations.

There are many benefits that could come from this Executive Order, some of them are.....

Feb 07 15:52

Trump plans new government help for historically black colleges after charges of racism that 'really bother' him

President Donald Trump's administration is looking at ways to ease the regulatory burden on historically black colleges and funnel more money to them through an executive order that is in the early stages of preparation.
The executive order will cement support for Historically Black Colleges and Universities (HBCUs) as a priority of the Republican president who's statements about his predecessor's birth place have been widely interpreted as racist.

'I think at its core these charges of being racist, I think they really bother him,' a person familiar with the administration's outreach told DailyMail.com. 'I think there's a sincerity to engage.'

Webmaster's Commentary: 

I have a friend who's mom was giving birth here on Oahu, and Barak Obama's mom, was in the next room, giving birth to Barak Obama. Yes, President Trump had his information wrong.

And at this point in US law, no one who was born in a foreign country is eligible to be president of the United States, until those laws are changed by Congress.

That having been said, I applaud him for this move, if, in fact, it goes ahead.

And of course, not one PEEP on this from the presstitutes in the US; I had to read this, and post it, from a foreign blog!!!!

But IF this info is true, I will say, "Bravo, President Trump, well done!!"

Feb 07 15:47

Inflation is back – good news for gold!

Feb 07 15:35

Army Preps for Urban Warfare in MegaCities: “Mass Migration, Disaster and Inner-City Turmoil”, by Mac Slavo

There will be war in the streets of America. Things have been engineered that way.

The scenarios are many, the issues are complex. The current anger from the left, who are violently protesting against President Trump, is just one aspect of it.

But the Pentagon and the U.S. national security structure is increasingly looking towards the shifting demographics around the globe – people have moved from rural areas, and shifted into cities. Where ever conflict stirs, there will be a need for military and SWAT response to the call. Entire cities will be locked down; door to door sweeps will often have violent ends.

Baghdad could be brought home to the streets of America, and the military already knows it.

The powers that be are deeply concerned about the unfolding situations with migrants, illegal immigrants, potential terrorists, political factions, violent protests, arson and riots.

Webmaster's Commentary: 

I don't want to be awarded the "Mrs. Chicken Little from Oahu" prize for making this statement; however, if the US military is preparing for this, you should definitely should be getting prepared for this also.

Make sure you have storable food, and potable water; also, extra medication for yourself, the people you care about, and your pets.

Have a bug-out kit, and create a plan for what you will do, and where you will go, if the excrement hits the ventilator. Make sure your car has no less than half a tank of gas at all times.

If at all possible, do not use public transportation; the people in those buses will be easy to control at gunpoint, and may not be allowed to go home for a very, very long time.

If you have kids in school, make sure you understand the school's policies about releasing children during regular school hours, and who should be authorized to actually pick them up, and what the process is, if it is not one of their parents.

Make sure you have a way of protecting home and the people you care about with which you are comfortable.

And finally, find like-minded people close by with whom you can cooperate, during a crisis, and see what you can barter among yourselves, to get things done.

This is simply prudent, and practical.

Feb 07 15:31

Penske Vehicle Services to lay off up to 166 workers in Michigan

Penske Vehicle Services will lay off up to 166 employees at its Warren, Detroit, Milford, Pontiac, Grand Blanc and Lansing sites, according to a notice filed with the state. A filing under the federal Worker Adjustment and Retraining Notification Act said the permanent layoffs, effective April 1, resulted from loss of a contract with General Motors to provide certain fleet and transportation services to GM.

Troy-based Penske Vehicle Services is owned by Penske Automotive Group Inc. (NYSE: PAG), Penske Truck Leasing Co., LP, Penske Corp. and Gates Group Capital Partners LLC, according to its website.

Feb 07 15:24

IRS Travel Ban For U.S. Citizens: “Due Process Undermined Significantly”

As emotions intensify over Trump’s recent immigration ban, the State Department and IRS have quietly used it as a smokescreen to roll out a new policy that targets U.S. citizens for unpaid taxes.

The passports of these individuals can now be revoked and their citizenship status undermined at the behest of one of the government’s most corrupt agencies. By granting the Internal Revenue Service control over passports, due process has been significantly undermined. The shield of protection that U.S. citizenship used to represent has transformed into an inescapable brand of ownership. The desperate financial condition of the federal government will only worsen in the future, forcing it to further consume its own people’s wealth in order to survive.

Webmaster's Commentary: 

This is a very nasty development, and demonstrates how seriously desperate US government is for money, having taken a stand like this.

Look for a huge jump in the use of fake passports and IDs in the very near future, to get around this.

Feb 07 15:07

Why Corporate America Has Conniptions about Trump’s H-1B Visa Reform

“This is now standard practice in the technology industry.”

Feb 07 13:30

Utah Getting Ready To Dump The Fed Dollar & Make Gold & Silver Legal Tender

Job numbers are out and they are just as manipulated as before, not much has changed. Unemployment rises to 4.8%."Not In The Labor Force" Plunge By A Record 736,000.

Feb 07 12:18

Keiser Report: Financial Sector Tapeworms

Keiser Report, Max and Stacy discuss the financial sector tapeworms.

Feb 07 11:49

Trump: Federal Reserve Must Stop Ripping Off Americans

President Trump has put the Federal Reserve on notice for violating the new administration’s America First policy, claiming the central bank has been operating illegally and ripping off Americans.

Feb 07 11:11

TRILATERAL COMMISSION MEMBER APPOINTED TO NATIONAL SECURITY COUNCIL

According to a White House press release, the first member of the Trilateral Commission has entered the Trump administration as the Deputy Assistant to the President for International Economic Affairs, where he will sit on the National Security Council:

Kenneth I. Juster will serve as Deputy Assistant to the President for International Economic Affairs. He will coordinate the Administration’s international economic policy and integrate it with national security and foreign policy.

Juster was appointed by National Security Advisor Michael T. Flynn, formerly a U.S. Army lieutenant general and Director of the Defense intelligence Agency.

Webmaster's Commentary: 

As reported by ProjectCensored.org, and part of the hidden history of the Obama Administration:

The concept of “undue influence” comes to mind when considering the number of Trilateral Commission members in the Obama administration. They control the areas of our most urgent national needs: financial and economic crisis, national security, and foreign policy. The conflict of interest is glaring. With 75 percent of the Trilateral membership consisting of non-US individuals, what influence does this super-majority have on the remaining 25 percent? For example, when Chrysler entered bankruptcy under the oversight and control of the Obama administration, it was quickly decided that the Italian carmaker Fiat would take over Chrysler. The deal’s point man, Treasury Secretary Timothy Geithner, is a member of the Trilateral Commission. Would you be surprised to know that the chairman of Fiat, Luca di Montezemolo, is also a fellow member? Congress should have halted this deal the moment it was suggested. Many European members of the Trilateral Commission are also top leaders of the European Union. What political and economic sway do they have through their American counterparts? If asked, the vast majority of Americans would say that America’s business is its own, and should be closed to foreign meddlers with non-American agendas. But, the vast majority of Americans have no idea who or what the Trilateral Commission is, much less the power they have usurped since 1976, when Jimmy Carter became the first Trilateral member to be elected president (Project Censored Story #1, 1976). In light of today’s unprecedented financial crisis, they would be abhorred if they actually read Zbigniew Brzezinski’s (co-founder of the Commission with David Rockefeller) statement from his 1971 book, Between Two Ages: America’s Role in the Technetronic Era, which states that, “The nation-state as a fundamental unit of man’s organized life has ceased to be the principal creative force: International banks and multinational corporations are acting and planning in terms that are far in advance of the political concepts of the nation-state.” Yet, this is exactly what is happening. The global banks and corporations are running circles around the nation state, including the United States. They have no regard for due process, Congress, or the will of the people. Why have the American people been kept in the dark about a subject so great that it shakes our country to its very core? The answer is simple: The top leadership of the media is also saturated with members of the Trilateral Commission who are able to selectively suppress the stories that are covered.

Folks, with this latest appointment of someone who most generally does not give a rat's anus as to what actually happens to average working Americans, and appears to be in deep with the American Deep State, color me....more than a little concerned here.

This appointment is certainly NOT a victory for We the People.

Feb 07 10:56

EXPROPRIATION AND IMPOVERISHMENT: "CAPITALIST" GREECE AND "SOCIALIST" VENEZUELA

Neocolonial "capitalist paradise" or crony "socialist paradise": the net result is the same: expropriation and impoverishment.

Yesterday I noted that not all assets will make it through the inevitable financial re-set. ( Which Assets Are Most Likely to Survive the Inevitable "System Re-Set"?)

Those that are easy to expropriate will be expropriated, and those assets vulnerable to soaring taxes, inflation and currency devaluation will also be hollowed out.

There are two real-time examples of these dynamics we can profitably study: "capitalist" Greece and "socialist" Venezuela. Both nations have impoverished their citizenry to preserve an oligarchy and its cronies.

Feb 07 10:37

WHY ARE THE WORLD’S TECH BILLIONAIRES BUILDING UNDERGROUND DOOMSDAY SHELTERS IN NEW ZEALAND?

MORE THAN 13,000 AMERICANS REGISTERED TO BUY A HOME IN NEW ZEALAND — 17 TIMES THE USUAL RATE — IN THE WEEK AFTER DONALD TRUMP WAS ELECTED PRESIDENT.

Feb 07 09:25

DAMNING VERDICT: Greece will CRUMBLE under debts - IMF anger at eurozone austerity targets

TROUBLED Greece will buckle under the weight of its huge debts, which are highly unsustainable over the longer term, according to damning analysis of the eurozone's bailout by the International Monetary Fund (IMF).

Austerity measures and biting reforms pushed on Athens by its neighbouring creditors are taking a heavy toll on the country, combined with high poverty and unemployment, said the Washington-based fund.

Feb 07 09:11

Greece braces itself for 'rupture' as politicians plot £74bn Grexit default plan

GREEK politicians are calling on Prime Minister Alexis Tsipras to default on EU bailouts and renegotiate with their lenders.

Feb 07 08:13

Presidential Executive Order on Core Principles for Regulating the United States Financial System

It shall be the policy of my Administration to regulate the United States financial system in a manner consistent with the following principles of regulation, which shall be known as the Core Principles:

Feb 07 07:34

Big Victory for Kentucky Coal Miners: Rand Paul's Bill To Overturn Coal Industry Regulation Passes Senate, Heads To President Trump's Desk For Signature

The Stream Protection Rule's provisions included prohibiting coal mining within 100 feet of streams (with limited exceptions) and shutting down surface mining if an animal species that is merely being proposed for listing as endangered or threatened is present in or near the mine. It also allows federal bureaucrats to preempt and overrule state permitting standards. The National Mining Association estimates that the Rule endangers one third of coal-related jobs and could cost billions in lost federal and state tax revenue.

Feb 07 07:33

Gold Prices Rising Mean “Impending Market Volatility”

Gold prices rising & up 6.6% YTD

Feb 06 17:23

A Challenge To Elaine Chao, Mitch McConnell's Wife, New Head of DOT, To Ride In An Actual Big Rig For 2 Days Like Obama's Dingbat DOT Chief Did

Four years ago, this dingbat woman who Obama appointed to head the FMCSA (Federal Motor Carrier Safety Administration) was pressured during Congressional hearings and persuaded to actually ride in a big rig with a professional driver for a few days to see what the actual business of interstate commerce is like. Thats the problem with all these political hacks and 'swamp-dwellers,' they regulate businesses to death with all of these retarded and inane rules, but they usually don't know anytbing about the actual business. To her credit, she actually did it, and afterwards described it as "A SMACK IN THE FACE, very enlightening" and has given her "a much different and a much clearer view" of what trucking was really like. I hereby extend the exact same invitation to President Trump's new head of Dept. of Transportation, Elaine Chao. She is the consumate Washington insider, Senator Mitch McConnell's wife and two time Bush apointee. Wbad'ya say. Elaine? Do you even own a pair of jeans?

Feb 06 16:37

Shock Poll Shows Merkel Losing Chancellorship If Elections Held Today; JPMorgan Stunned

Overnight we reported that Germany's default swaps spiked to the highest level since Brexit as a recent poll showed that Merkel's lead in the polls had slid to multi-year lows ahead of Germany's elections later in the year, provoking some concerns that a formerly unthinkable "tail risk" outcome was becoming more likely. However, according to new data unveiled today, Merkel's headaches are only just starting, because in a brand new poll released this afternoon, the CDU would get 30% of the vote, while the suddenly resurgent SPD would get 31%. This means that the SPD's new head, Martin Schulz, would enter any coalition talks as the leader of the largest party, hence becoming Chancellor, leading to a stunned reaction by JPMorgan.

Webmaster's Commentary: 

Chancellor Merkel has brought this upon herself, and her party, by embracing a completely broken, not thought through, and thoroughly failed, immigration policy.

She has no one else to blame.

If she manages somehow to hang on to power in this next election, it will be nothing short of a miracle.

Feb 06 16:31

California Senate Leader Admits: "Half Of My Family" In Country Illegally With "False Social Security Cards"

In testimony provided before the California Senate's Public Safety Committee, Senate President Pro Tem Kevin De Leon (D-Los Angeles) decided to admit that "half of his family" is residing in the United States illegally and with the possession of falsified Social Security Cards and green cards. Lest you think we're exaggerating, here is the exact quote:

"…I can tell you half of my family would be eligible for deportation under [President Donald Trump’s] executive order, because if they got a false Social Security card, if they got a false identification, if they got a false driver’s license prior to us passing AB60, if they got a false green card, and anyone who has family members, you know, who are undocumented knows that almost entirely everybody has secured some sort of false identification. That’s what you need to survive, to work. They are eligible for massive deportation."

Webmaster's Commentary: 

Forgive me, but the Senator thinks this practice is just fine, when illegal ID is used?!?

And this is completely "morally acceptable" to Senator De Leon?!?

I have a suggestion for the California government; don't become a "sanctuary state", completely declare yourself a "sanctuary country" of your own, and let's see just how wonderfully such a situation will work out for you economically.

It will be an interesting "noble experiment"!!!

Feb 06 16:14

BRACE YOURSELF: THE DEBT APOCALYPSE LOOMS

Feb 06 15:59

Soros-Multi-Billionaire Hedge Fund Tycoon and Int’l Political Pot-Stirrer, on the ROPES

Although multi-billionaire hedge fund tycoon and international political pot-stirrer George Soros lost big with the election of Donald Trump as president of the United States and the victory of the Brexit referendum in the United Kingdom, he stands to lose further ground, politically and financially, as the winds of political change sweep across the globe.

Soros, who fancies himself as the master of placing short put options on stocks, often cleaning up to the tune of billions of dollars in the process when the stock values collapse, has been dealt a few financial body blows.

Feb 06 15:24

European Central Bank head warns on Trump deregulation push

The head of the European Central Bank expressed concern about the Trump administration's moves to relax financial oversight, saying such deregulation helped pave the way for the global financial crisis.

Feb 06 14:41

New Hampshire Committee Passes Bill To Decriminalize Industrial Hemp

By Mike Maharrey

A New Hampshire House committee unanimously approved a bill that would remove the state ban on industrial hemp, setting the stage to nullify federal prohibition on the plant in practice.

A coalition of three representatives and two senators prefiled House Bill 151 (HB151). The legislation would simply remove industrial hemp from the state’s list of controlled substances. This would open the door for a full-scale commercial hemp market in the state by treating it as any other crop for farming...

Feb 06 14:24

Governor Scott Walker Attacks Wisconsin’s Working Poor

Wisconsin Republican Governor Scott Walker has begun a statewide tour with the former Governor Tommy Thompson to promote a so-called welfare reform measure, which is included in Walker’s 2017-2019 state budget proposal. The governor titled his new program Wisconsin Works for Everyone, and has pushed the usual and customary right-wing buttons to demean and slander the working class and the poor. At a Milwaukee news conference, Walker said, “We fundamentally believe that public assistance should be a trampoline not a hammock.”

Feb 06 12:57

BEBE TO SHUTTER 25 STORES

Feb 06 12:56

German Default Risk Spikes To Highest Since Brexit As Merkel Lead Plunges To Multi-Year Low

Germany’s Social Democrats narrowed the gap with Chancellor Angela Merkel’s bloc to the closest in more than four years, reinforcing a poll bounce after they chose outsider Martin Schulz to challenge Europe’s longest-serving leader. As Bild reports, the 6-point surge in opposition support was the biggest ever recorded for the party... and may explain why German sovereign risk spiked to its highest since Brexit.

As Bloomberg reports, support for the SPD jumped 8 percentage points to 29% from a month earlier, the highest level since the last election in September 2013, according to the Infratest-Dimap for broadcaster ARD. Merkel’s Christian Democratic-led bloc, known informally as the Union, slid 3 points to 33%. Half of those surveyed would support Schulz if the chancellor were elected directly, compared with 34% for Merkel.

Feb 06 12:56

Grexit 4.0? Varoufakis Urges Tsipras: Ditch Negotiations, Adopt "Parallel System"

In his article, Varoufakis suggested that Schaeuble’s strategy is to lead Greeks to the point of exhaustion so they ask to leave the euro themselves.

Noting that the “parallel payment system was already designed in 2014”, Varoufakis stresses that Tsipras had “two delusions” that led the government to the current impasse:

a. that on the night of the referendum, the dilemma was between Schaeuble’s Grexit Plan and the 3rd bailout

b. that the obedience to the 3rd bailout could be political manageable through a parallel, society-friendly program.
Both of these “working assumptions” were based only on autosuggestion, the ex finance minister stresses adding that he tried to explain this to the Prime Minister on the night of the referendum

Feb 06 12:54

America's Biggest Companies Are Slashing Jobs At The Fastest Rate Since The Financial Crisis

Just last week, Americans were reassured (twice) that everything is awesome in the US labor market as ADP and BLS data showed jobs-jobs-jobs everywhere. However, along with wage stagnation (and a rising unemployment rate), there is a bigger problem, as Deutsche Bank warns, aside from soft earnings, hiring at America’s biggest companies is slowing down for the first time since 2010.

Casting some serious doubt on just how strong the hiring environment is, Yahoo's Myles Udland notes that Deutsche Bank illustrates that employment at big US companies is plunging for the first time since the recession.

Feb 06 10:08

Arizona House Committee Passes Bill To Support Sound Money

An Arizona bill that would eliminate state capital gains taxes on gold and silver specie, and encourage its use as currency, passed an important House committee this week. Final approval of the legislation would help undermine the Federal Reserve’s monopoly on money.

Feb 06 09:23

ROTHSCHILD BANK NOW UNDER CRIMINAL INVESTIGATION OVER MISSING $4 BILLION IN GLOBAL CORRUPTION PROBE

Last year the veil of invincibility seemingly came off the secretive Rothschild banking empire, as Baron David de Rothschild and his company the Rothschild Financial Services Group were indicted by French prosecutors for allegedly defrauding British pensioners in a scheme that saw large sums of money embezzled.
Only two months ago, we reported on the Swiss branch of the Edmond de Rothschild Group announcing that they were the target of a French criminal probe “regarding a business relationship managed by a former employee.”

Now, the Luxembourg unit of Rothschild banking empire is being investigated by the Luxembourg state prosecutors office — alleged to have sent hundreds of millions of dollars to an account at a bank in Luxembourg that originated from 1Malaysia Development Berhad (1MDB).

Webmaster's Commentary: 

One has to wonder what will happen at the end of the day with this case; most likely, at the end of these investigations, there will be a slap on the royal wrist, coupled with an admonition to "never do it again".

Unfortunately, however, the only way to really prevent such heinous behaviour is for the governments investigating these crimes, if in fact, institutions are convicted of them, is to throw the collective backsides of those who signed off on these practices in jail, and NOT into the European equivalent of a Club Fed.

Feb 06 09:14

DEBT APOCALYPSE BECKONS AS U.S. CONSUMER BANKRUPTCIES DO SOMETHING THEY HAVEN’T DONE IN ALMOST 7 YEARS

When debt grows much faster than GDP for an extended period of time, it is inevitable that a good portion of that debt will start to go bad at some point. We witnessed a perfect example of this in 2008, and now it is starting to happen again. Commercial bankruptcies have been rising on a year-over-year basis since late 2015, and this is something that I have written about previously, but now consumer bankruptcies are also increasing. In fact, we have just witnessed U.S. consumer bankruptcies do something that they haven’t done in nearly 7 years. The following comes from Wolf Richter…

US bankruptcy filings by consumers rose 5.4% in January, compared to January last year, to 52,421 according to the American Bankruptcy Institute. In December, they’d already risen 4.5% from a year earlier. This was the first time that consumer bankruptcies increased back-to-back since 2010.

Webmaster's Commentary: 

At every level, now is absolutely not the time for complacency.

Please; pay down as much of your debt as is reasonably possible; every time there is a raise in the Fed rate, no matter how microscopic, it probably means that the interest in your credit card is going to rise as well.

Have no more money in your checking account than you need to pay your bills; make sure you have precious metals on hand, just in case the economic excrement does hit the ventilation shaft. If we are, in fact, looking at an impending economic apocalypse, things are likely to go very badly very quickly, with very little warning whatsoever.

Prep, prepare, and have a very good plan for what you need to do to protect yourself, and those you care about, including having a bug-out bag; long-term storable food and water; and extra medications for yourselves and your pets.

IF you have kids in school, pay very close attention to what the policies and procedures are if you believe you need to get your children out of school very quickly, for whatever reason.

All the above is prudent, responsible, and necessary right now.

Feb 06 08:25

Pension Tsunami

The oncoming wave of public pension debt is even bigger than it seems. The purpose of this website is to provide an overview of the multiple pension crises that are about to drown America's taxpayers. Our primary focus is on California, but we also track other states, corporate pensions, social security and international trends.

Webmaster's Commentary: 

Pensions are in serious trouble going back to at least 2008. The latest push is for government to seize 401Ks and pour that money in to save the pensions .... but without changing the management that broke them in the first place.

Feb 06 07:20

Coffee Company Responds To Starbucks, Pledges To Hire 10,000 Veterans

Shortly after Starbucks CEO Howard Schultz penned a letter in which he promised to hire 10,000 refugees over the next five years in the aftermath of Trump's immigration executive order, a veteran-run coffee company has issued a rejoinder to Starbucks, promising to hire 10,000 veterans itself according to Fox News.

Black Rifle Coffee Company, or BRCC, which describes itself as a “premium small-batch, roast to order, veteran owned and operated coffee company” responded to Starbucks - or “Hipsterbucks” as they call the global coffee chain - announcing a pledge via Instagram to hire 10,000 veterans. This is what CEO Evan Hafer tweeted on Wednesday.

Feb 05 09:14

Silicon Valley Hubris Knows No Bounds: There’s a Lot More at Stake in this IPO than Just Toxic Financials

Silicon Valley hubris seeks third-class vote-less stockholder.

Feb 05 08:43

Franklin Roosevelt - Executive Order 6814—Requiring the Delivery of All Silver to the United States for Coinage

By virtue of the authority vested in me by the Silver Purchase Act of 1934 and of all other authority vested in me, I, Franklin D. Roosevelt, President of the United States of America, do hereby require the delivery of all silver situated in the continental United States on the effective date hereof, by any and all persons owning, possessing, or controlling any such silver, and do hereby require any and all persons owning, possessing, or controlling any such silver to deliver the same in the manner, upon the conditions and subject to the exceptions herein contained, such action being in my judgment necessary to effectuate the policy of the Silver Purchase Act of 1934. . . .

Section 2. Silver required to be delivered..–There shall be delivered in accordance with the terms of this order all silver situated in the continental United States on the effective date hereof

Webmaster's Commentary: 

Friday I commented on how Roosevelt confiscated gold but not silver. An alert reader has pointed out my error. Apparently following the confiscation of gold, Roosevelt did confiscate certain categories of silver.

Feb 05 08:16

Deutsche Bank fined for $10 billion sham Russian trades

Deutsche Bank (DBKGn.DE) has agreed to pay $630 million in fines for organizing $10 billion in sham trades that could have been used to launder money out of Russia, the latest in a string of penalties that have hammered the German lender's finances.

In two detailed reports, U.S. and British regulators criticized the bank for not knowing the customers involved or the source of money for the trades, which helped buoy revenue during a slowdown following the global financial crash.

Feb 05 08:12

Game-changers ahead on the (long) Maritime Silk Road

Despite the Pentagon's predictably shrill notes, both China and India are only interested in making deals to expand and protect their supply chains

Feb 05 08:04

Italy Increasingly Likely To Abandon The Euro

An analysis of the political setup in Italy shows eurosceptics are on the verge of taking control of the country.

The only missing ingredient is an early election. And early elections are now the odds-on favorite.

Let’s back up a bit to fill in the pieces as to how things got to this point.

Feb 04 21:13

Beyonce’s Clothing Line Is Paying Sweatshop Workers 54 Cents/Hour, Sources Say

Beyonce’s Ivy Park apparel line is still abusing factory workers in Sri Lanka, according to more claims disclosed over the weekend. The clothing line, which preaches female empowerment, is paying women approximately 54 cents an hour.

Feb 04 20:00

Big Time Price Inflation Coming - Ron Paul Interview

Congressman Ron Paul is with us today to discuss the actual situation of the politics and economy regarding the precious metals market and why people are loosing confidence in the dollar.

Feb 04 14:16

Are We Facing A Greater Depression or Weimar HyperInflation?

As the monetary magic show continues to unfold it seems our options are running thin as to how our economies can pull out of this ongoing illusion.

Feb 04 13:21

This important chart shows why gold could hit $6,000 by 2019

“You’re crazy, buying gold now!”

Feb 04 12:44

Markets Smell a Rat as Central Banks Dither

NIRP is dying.

Feb 04 10:34

A Large Crack Appeared In The Global Market…. And No One Noticed

The global markets were humming right along until a large cracked appeared in 2015. This big crack in the global economy seemed to go unnoticed, however the implications are quite serious if the trend continues.

Feb 04 08:48

WALL STREET ANDTHE RISE OF HITLER

Since the early 1920s unsubstantiated reports have circulated to the effect that not only German industrialists, but also Wall Street financiers, had some role — possibly a substantial role — in the rise of Hitler and Naziism. This book presents previously unpublished evidence, a great deal from files of the Nuremburg Military Tribunals, to support this hypothesis.

Feb 04 05:50

Dept. Of Transportation Warns: "Tesla's Autopilot Requires The Continual And Full Attention Of The Driver"

The National Highway Traffic Safety Admnnistration, under the U.S. Department of Transportation, has issued its official report on the crash of a Tesla so-called "Auto-pilot" vehicle which crashed into a big rig last summer. While the corporate media has tried to merely blame driver error, the very first line of the actual NHTSA report admits that the vehicle may not functioned as designed: "Problem Description: The Automatic Emergency Braking (AEB) or Autopilot systems may not function as designed, increasing the risk of a crash." The NHTSA continually emphasizes throughout the report that "Advanced Driver Assistance Systems, such as Tesla's Autopilot, require the continual and full attention of the driver to monitor the traffic environment and be prepared to take action to avoid crashes." They conclude noting "The closing of this investigation does not constitute a finding by NHTSA that no safety-related defect exists."

Feb 04 05:00

"We're Determined To Deliver More Opportunity, Jobs And Safety For The African American Citizens!

This week in President Donald Trump's weekly address to the nation he talks about Black History month and his Administration's commitment to helping "the African American citizens of our country".

Feb 04 04:11

Colleges have become sissy farms

Feb 03 17:09

Bill Gross Says January Jobs Report Is 'Schizophrenic'

Bill Gross, fund manager at Janus Capital, reacts to the U.S. January jobs report and talks about his skepticism that real U.S. GDP growth can reach 3-4 percent.

Feb 03 15:28

Let’s call a shovel a spade

There is no such thing as ‘shovel ready’ sitting on someone’s shelf waiting to go. With Trump’s construction background, he knows that and after exposure of Obama’s empty ‘shovel ready’ shelf, the Democrats know that. Repairing a creaky infrastructure requires substantial engineering for development of documents that the shovel wielders can bid on which will take a minimum of two to three years to even be bid-ready.

Feb 03 15:26

The Central Banks Face Unwelcome Realities: Their Policies Boosted Wealth Inequality and Failed to Generate "Growth"

Rather than be seen to be further enriching the rich, I think central banks will start closing the "free money for financiers" spigots.

Feb 03 14:25

It’s Time We Talked About Our Owners

How vast asset managers impact “our increasingly cartelized economy.”

Feb 03 13:53

Trump Just Declared Open Season on Suckers

The president is framing his deregulation plan as a way for consumers and bankers to enjoy more freedom. Because, you know, that worked so well the last time around.

Feb 03 13:26

The “Other” Dow Theory Is Waving A Red Flag

While the Dow Industrials remain near all-time highs, the Utilities are well off of their highs; this has signaled trouble in the past.

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