ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Feb 13 10:48

The Military Industrial Complex Strikes Again: War Spending Will Bankrupt America

“Why throw money at defense when everything is falling down around us? Do we need to spend more money on our military (about $600 billion this year) than the next seven countries combined? Do we need 1.4 million active military personnel and 850,000 reserves when the enemy at the moment — ISIS — numbers in the low tens of thousands? If so, it seems there's something radically wrong with our strategy. Should 55% of the federal government's discretionary spending go to the military and only 3% to transportation when the toll in American lives is far greater from failing infrastructure than from terrorism? Does California need nearly as many active military bases (31, according to militarybases.com) as it has UC and state university campuses (33)? And does the state need more active duty military personnel (168,000, according to Governing magazine) than public elementary school teachers (139,000)?”

Feb 13 10:43

Trump wants to overhaul America’s safety net with giant cuts to housing, food stamps and health care

The budget that President Trump proposed Monday takes a hard whack at the poorest Americans, slashing billions of dollars from food stamps, public health insurance and federal housing vouchers, while trying to tilt the programs in more conservative directions.

The spending plan reaches beyond the White House’s own power over the government social safety net and presumes lawmakers will overhaul long-standing entitlement programs for the poor in ways beyond what Congress so far has been willing to do.

Feb 13 10:25

Venezuela fears ‘invasion’ after U.S. military chief visits Colombia

Venezuela on Monday accused neighboring Colombia of planning a bombing campaign or a “military invasion” amid heightened tensions in the region and a mass exodus fueled by Venezuela’s collapsing economy.

“In Colombia, they are planning to revive eras that had ended in human history, like military bombing, a military invasion or the occupation, through blood and gunfire, of a peaceful country like Venezuela,” said Venezuela’s chief prosecutor, Tarek William Saab, according to the state-run AVN news agency. “We will not allow it.”

Saab didn’t provide proof of his allegations, but other regional allies pointed to the weekend visit to Colombia by Admiral Kurt Tidd, head of U.S. Southern Command.

Webmaster's Commentary: 

This is not the first time Tidd has been in Columbia, or made an assessment , of, what is likely going on -or may be going on - in Columbia's neighbor, Venezuela.

Southcom commander warns Congress of growing humanitarian crisis in Venezuela, 2017

And take a look at his twitter feeds, from 3 days ago:

Admiral Tidd's Twitter feeds

What do these tell us?? that Admiral Tidd was in the Columbian city of Turnaco, meeting with Columbia's Vice-President there, Oscar Naranjo, to discuss "security measures", and also met greeted Columbian security forces there.

But the significance is the meeting with Naranjo. It appeared that he had discussions with Columbia's Vice-President, but not with Tidd's military counterparts.

And of course, the situation in Venezuela has become very intense, and the standard of living of ordinary Venezuelans has devolved into near back-breaking, horrific poverty., due to US Sanctions, and lousy planning and economic decisions taken by the current government.

But the timing of this meeting?!?

Venezuela is due to have its national election on 22 April of this year.

Maduro will be running again, and will be facing scant opposition, looking for another 6 year term.

Few Challengers in Sight, Venezuela Sets April 22 for Presidential Vote

The talks between Tidd and Naranjo probably centered on the aftermath of this election, and what happens if and when Maduro, probably by stealing it, wins this next election.

IF the US cannot get Maduro out of power through elections, the question is, what can they do to foment and galvanize the opposition to do something "dramatic", and who could be tapped to lead such an effort?!?

It is clear that the US doesn't want to be accused as the country leading the charge here, so expect it to make it look like a "nation popular movement" to dethrone Maduro, just as they did in Ukraine in 2014 with the "dumping" of the duly elected Yanukovych, and replacing him with Poroshenko.

Unfortunately, such a move will have US government fingerprints all over it, because of all the "regime changes" the US government has created in the past, particularly in Central and South America.

Expect a number of people to die here, in this "psuedo-revolution", but to the US government and military it will simply be written off as "collateral damage".

Remember; what the US wants here, beside "regime change" is a US-Centric government, which only sells its vast reserves of oil in US dollars, and will accept no other currency for it.

Feb 13 10:14

CNN Exclusive: California launches investigation following stunning admission by Aetna medical director

California's insurance commissioner has launched an investigation into Aetna after learning a former medical director for the insurer admitted under oath he never looked at patients' records when deciding whether to approve or deny care.

California Insurance Commissioner Dave Jones expressed outrage after CNN showed him a transcript of the testimony and said his office is looking into how widespread the practice is within Aetna.

"If the health insurer is making decisions to deny coverage without a physician actually ever reviewing medical records, that's of significant concern to me as insurance commissioner in California -- and potentially a violation of law," he said.

Aetna, the nation's third-largest insurance provider with 23.1 million customers, told CNN it looked forward to "explaining our clinical review process" to the commissioner.

Feb 13 09:37

Pleasing the Pentagon & building the wall: What’s in Trump’s 2019 budget?

***
Unveiling the proposal on Monday morning, President Donald Trump said the Pentagon was pleasantly surprised, with Defense Secretary James Mattis telling him “we got everything we wanted.”

>>>

Feb 13 08:50

THE WORLD'S WORST MONEY LAUNDERERS ARE THE UK, SWITZERLAND AND THE USA

The USA has moved up in the Tax Justice Network's Financial Secrecy Index to number two, behind Switzerland; in reality, though, the UK is the world's worst money-laundry, but because its laundering activities are spread out over its overseas territories -- taken as a whole, the UK leads the world in helping criminals and looters hide their fortunes.

America's role in money-laundering is well-documented; the ease of incorporating anonymous shell companies has been key to making fortunes disappear -- and they also constitute the wide end of the funnel for dark money in US politics.

Webmaster's Commentary: 

Why am I not surprised here?!?

Feb 12 19:00

REVEALED: How EU is scrambling to plug £11.5bn Brexit shortfall

THE European Union is scrambling to find ways to plug an estimated £11.5bn (€13bn) budget black hole after Brexit, with ideas currently on the table ranging from cuts to its flagship policies to a bloc-wide plastic tax.

Feb 12 15:42

Trump Budget Would Swap Food Stamps With "100% American Grown Food"

President Trump's new budget proposes reducing EBT card (food stamps) payments and swapping in "100 percent American grown food" boxes distributed directly to recipients.

Feb 12 13:20

Something VERY Serious is Happening with Banks - they've almost stopped lending TO EACH OTHER

A little over three weeks ago, I became aware of a sudden and dramatic change in the US Banking System that made my stomach sick. I "sat" on this story for almost three weeks hoping what I found was some type of anomaly or data error. It's not.

Bankers have almost completely stopped lending . . . . TO EACH OTHER.

The plunge in "InterBank Lending" was so sudden and so substantial that it looks as though it is actually a PLAN, not happenstance or situationally appropriate.

It LOOKS like the Bankers are intentionally choking the US Economy and they're doing so at levels far FAR worse than what took place during the "Fiscal Crisis" of 2007-08.

For more than 45 years, the Federal Reserve has tracked virtually E V E R Y aspect of banking in the United States. They literally look at EVERY financial metric and provide incredible amounts of public reporting to anyone willing to spend time on the Federal Reserve Electronic Data (FRED) web site.

Feb 12 13:06

What the Headlines about Tesla, Snap, and Twitter “Earnings” Should Have Said

How can the media be so gullible – and pliable? I don’t know either.

Feb 12 10:56

City Fines Landlord $2 Million Because They Offered Homeless & Disabled Veterans Cheap Rent

In the land of the free, government and law enforcement not only wage war on the poor and homeless through various unscrupulous means designed to extract revenue and attack the right to exist but those who try to help the homeless—by feeding, clothing, or sheltering them—also face the wrath of the state. As the following case illustrates, even those who’ve laid down their lives for the state—veterans—and the ones who help them are now being targeted.

Judy Wu, a landlord in San Francisco has converted 12 properties she owns into 49 housing units over the last decade which she and her husband, Trent Zhu, rent to homeless, low-income and disabled veterans.

Because they’ve split the units into much smaller ones, the couple is able to provide these veterans with very cheap housing. The contribution to society hasn’t gone unnoticed by the city, however, who couldn’t care less about the dozens of previously homeless veterans now off the streets thanks to the couple.

Feb 12 10:54

China’s Polar Silk Road Offers the West a Chance to Escape Post-Industrial Rot

“China, as a responsible major country, is ready to cooperate with all relevant parties to seize the historic opportunity in the development of the Arctic, to addresses the challenges brought by the changes in the region” –Chinese White Paper January 25, 2018.

China’s January 25th unveiling of the “Polar Silk Road” has created a wonderful opportunity for Northern development not seen for decades. This opportunity not only extends China’s incredibly successful growth model to North America, through a revolutionized system of arctic shipping, and infrastructure development, but also provides for a new spirit of diplomacy founded not upon militarization of the Arctic as desired by neo-con utopian throwbacks of the Cheney and Obama eras, but rather cooperation, respect, development and trust.

Feb 12 10:35

Big Change In Bull-Bear Spread

Feb 12 09:19

How to Manipulate Stocks: Chinese Authorities Step in to Stop the Rout

For proper effect, the directives were purposefully leaked to the media.

Feb 12 07:45

CITY FINES LANDLORD $2 MILLION BECAUSE OFFERED HOMELESS & DISABLED VETERANS CHEAP RENT

San Francisco, CA — In the land of the free, government and law enforcement not only wage war on the poor and homeless through various unscrupulous means designed to extract revenue and attack the right to exist but those who try to help the homeless—by feeding, clothing, or sheltering them—also face the wrath of the state. As the following case illustrates, even those who’ve laid down their lives for the state—veterans—and the ones who help them are now being targeted.

Judy Wu, a landlord in San Francisco has converted 12 properties she owns into 49 housing units over the last decade which she and her husband, Trent Zhu, rent to homeless, low-income and disabled veterans.

Webmaster's Commentary: 

Herrera comes off as a moral monster here, no matter what the law says, just wanting another conviction to provide yet another "notch in his belt" to insure future promotions.

The criminalisation of homelessness, particularly if they are our Vets, continues apace.

As a native San Franciscan, I can say unequivocably, that the city has lost both its mind... and its soul, if this conviction is allowed to stand.

Feb 12 07:38

Rising Debt + Rising Rates

Feb 12 07:24

Barclays Bank charged over Qatar loans

The Serious Fraud Office (SFO) has charged Barclays Bank PLC with "unlawful financial assistance" related to billions of pounds raised from Qatar in 2008.

The same charges were bought against Barclays PLC in June last year.

The move to charge Barclays Bank as well is significant because it holds the banking licence that allows it to operate in different countries.

So, if Barclays was found guilty, it could lose that crucial licence.

Feb 12 05:06

What Just Changed?

Feb 11 09:11

Credit Suisse hit by U.S. lawsuit over writedowns, says case "without merit"

Credit Suisse (CSGN.S) faces a U.S. class action lawsuit over $1 billion in writedowns it took in 2015 and 2016 linked to its trading division, Swiss newspaper SonntagsZeitung reported on Sunday, but the Swiss bank said the case was “without merit”.

Feb 11 08:18

Where do I keep my money?

Feb 11 08:04

42-minute video: Jacque Fresco (Venus Project) explains humanity’s history of technological abundance subverted by lying ‘leaders’ choosing ongoing rogue state empire

*hyperlinks/videos live at source*

Jacque Fresco (1916-2017) founded The Venus Project to document technological solutions available here and now for a world that works for everyone with no-one left out. I was a friend of near-contemporary Bucky Fuller (1895-1983) with similar public communications.

Jacque’s brilliant 2010 42-minute public talk:

For complete documentation of technical solutions, his 2016 97-minute documentary, The Choice is Ours:

My documentation that our current condition is psychopathic, lying, illegal, rogue state empire annually killing millions, harming billions, and looting trillions.

**

Feb 11 07:54

The Age of Inflation Is About to Begin

Feb 11 07:43

The Dollar – From Bohemia To Bust

Feb 11 06:37

Poverty: American Style

In December last year, United Nations Special Rapporteur on extreme poverty and human rights, Professor Philip Alston, issued a statement on his 15-day fact-finding mission of some of the U.S.’s poorest neighborhoods. Alston, the author of the quoted phrase in the excerpt, is an Australian who is a professor of law at New York University. During his mission, he visited Alabama, California, West Virginia, Texas, Washington DC, and Puerto Rico.

Alston’s statement on American poverty and inequality has been overlooked by most of the mainstream media.

>>>

(*does anything of true sustenance ever make it to the mainstream media ?)

Feb 10 16:57

The Difference Between Volume And Liquidity

Feb 10 10:25

REVEALED: Furious German city facing EU-funding EXCLUSION because of Brexit BLACK HOLE

German officials believe Brussels will have their sights on the North Rhine-Westphalia (NRW) city of Wuppertal, which has received considerable cash from the bloc in recent years, as the EU attempts to salvage the money lost from the UK.

The European Commission is understood to be considering cancelling the Structural Funds for Germany and other relatively wealthy member states in a bid to save billions of euros.

Reports suggest the EU could save £886million (€100billion) over the next seven-year financial period from 2021 to 2028 if ended subsidies to countries with a per capita income above the EU average – which would also affect France, the Netherlands and Sweden.

According to expert calculations, a 15 percent reduction in structural funding would mean Germany would be excluded from all funding programmes.

Feb 10 10:07

Gold Fireworks On The Horizon

Feb 10 08:32

Thank The Fed

Feb 10 08:12

Stock market collapse? Great! Wall Street’s .01%’s rigged-casino parasitizing real American’s work and offering zero usable goods/services must end before monetary reform & public banking allow ~$1,000,000 per US household in near-instant benefits

*hyperlinks/videos live at source*

Secondary market: securities sold by and transferred to one speculator to another.

Speculator: purchase of an asset with hope that it will become more valuable. Many speculators pay little attention to the fundamental value of a security and instead focus purely on price movements (my note: 99% of Americans, yes?)

The most important context to consider the US stock market:
Americans are neo-slaves to lying sacks-of-spin asset holes psychopathically crushing life from all Earth’s inhabitants. The best description of these .01%’s “leadership” is rogue state empire, with those of us pointing to the uncontested and comprehensive history unaware of any attempts to refute this label of OBVIOUS crimes that annually kill millions, harm billions, and loot trillions.

The most important conclusion to draw from this context:

Feb 10 08:06

The Shale Boom Might Not Last Long

Feb 09 16:00

CoinText Announces SMS Bitcoin Cash Wallet To Transact BCH Without Internet

What if setting up a cryptocurrency wallet was as easy as sending a text to grandma?

What if you could send Bitcoin Cash to any mobile phone in the world without Internet?

What if the unbanked could connect to the global economy using a feature phone?

What if they could protect their savings from failing national currencies, bank bail-ins and thieves?

Today CoinText announced the launch of a private beta test that began on February 6th 2018 for its new Short Message Service (SMS) wallet that allows users to send and receive Bitcoin Cash (BCH) without Internet using simple text commands...

Feb 09 14:03

Moody's Threatens US Downgrade Due To Soaring Debt, "Fiscal Deterioration"

Back in 2011, Standard & Poors' shocked the world, and the Obama administration, when it dared to downgrade the US from its vaunted AAA rating, something that had never happened before (and led to the resignation of S&P's CEO and a dramatic crackdown on the rating agency led by Tim Geithner).

Nearly seven years later, with the US on the verge of another government shutdown and debt ceiling breach (with the agreement reached only after the midnight hour, literally) this time it is Warren Buffett's own rating agency, Moody's, which on Friday morning warned Trump that he too should prepare for a downgrade form the one rater that kept quiet in 2011. The reason: Trump's - and the Republicans and Democrats - aggressive fiscal policies which will sink the US even deeper into debt insolvency, while widening the budget deficit, resulting in "meaningful fiscal deterioration."

Webmaster's Commentary: 

YIKES!!!

Feb 09 13:59

BofA Predicted The Crash: Here's What It Thinks Happens Next

Last Friday, just before the market imploded on the higher than expected hourly earnings print, we published a Bank of America note titled "Our Sell Signal Was Triggered On Jan 30, S&P 2686 Is Next" in which chief investment strategist Michael Hartnett explained why he was convinced that a drop as much as 12% was imminent in the coming 3 months. He pointed to a proprietary bank indicator that - when triggered - had correctly predicted a drop that averaged 12% over the coming weeks. As a result, he said that his immediate target for the S&P was 2686.

With the S&P trading 100 points below his target just one week later, and 300 points below where it was just last Friday, we can now say that this indicator has been accurate on 12 out of 12 occasions.

Webmaster's Commentary: 

This... is getting scary out there, and appeared to have had a "domino effect" in both Asian and European markets

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