ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jan 05 12:45

Kmart to close 10 Mich. stores, including original one in Garden City

The nation's first-ever Kmart in Garden City just outside Detroit will be among the 10 Michigan Kmart locations that will shut their doors this spring.

Jan 05 12:31

The Class Struggle In The US In 2017

The year 2017 promises to be one of increasing class struggle in the United States and around the world. In every country, the ruling elites and their political servants want to make the working class pay for the global economic crisis and the costs of war.

Jan 05 12:09

U.S. Quietly Drops “Financial Bombshell”: Wall Street Banks Have $2 Trillion European Exposure

At a time when international business headlines are filled with reports of a massive banking bailout in Italy and the potential for systemic risks from Germany’s struggling giant, Deutsche Bank, the OFR report delivers this chilling statement:

“U.S. global systemically important banks (G-SIBs) have more than $2 trillion in total exposures to Europe. Roughly half of those exposures are off-balance-sheet…U.S. G-SIBs have sold more than $800 billion notional in credit derivatives referencing entities domiciled in the EU.”

Webmaster's Commentary: 

Should such a scenario unfold, the excrement will hit the ventilation system with incredible rapidity.

As as we have counseled for a long time, don't panic: plan.

Before and until cash is banished outright (and we can see just how "swimmingly" that is working out for the people of Greece and India), have absolutely no more cash in your bank than you need to pay your bills. Invest in some silver and gold assets, under your own control.

Remember, should such a situation hit, the US government, no matter what Trump's most heroic efforts may be to temper this, cannot possibly position the US economy for a "soft landing" here.

Have storable food, potable water, and extra medications for your family, and your pets.

Have a bug-out plan the whole family understands, and if you have kids in school, find out what their policies are for handing back kids to their parents, when the parents need to have them under parental, rather than the school's control.

Be able to defend yourself and those you love from looters.

Find out what skills, or objects, you can barter with neighbors you trust; create community.

Jan 05 10:58

How Bad Will the “Bond Massacre” Get?

Worse “than the 1994 ‘Bond Massacre,'” with “sustained double-digit losses on bonds, subpar growth in developed markets, and balance sheet risks for banking systems….”

Jan 05 10:55

Buried government report reveals looming fiscal crisis

A shocking new report quietly released by the federal government admits that their finances could collapse in the coming decades if politicians don’t make responsible choices

Jan 05 10:51

GREECE BANS CASH: TAX-ALLOWANCE POSSIBLE ONLY THROUGH PAYMENTS VIA PLASTIC MONEY

Greece is banning the use of cash the soft way. As of 1.1. 2017, taxpayers will be granted tax-allowance and tax deduction only when they have made payments via credit or debit cards. The new guidelines refer to employees, pensioners, farmers but also unemployed.

Accepted expenditure will be:

purchases for food and supermarket products, electronic and electric devices, household equipment, footwear, clothing, fuel, furniture, cigarettes*, drinks

Restaurants, cafeterias,bars and hotels

Services like by hairdressers and beauty parlors, gyms and dance schools, car repair, plumbers, electricians, painters, carpenters, lawyers and accountants.

For doctors and pharmacy the same practice will be valid as in last year. The tax office will accept the expenditure only if payments are made per credit card or bank transfer.

Jan 05 10:49

Keep Your Cash: Civil Asset Forfeiture Curtailed Under New California Law

Heading out to make a cash purchase? Heading to the bank to make deposit a from your food truck earnings? Heading home with your poker winnings?

The good news is that as of today, California law enforcement can no longer grab and keep your cash (if under $40,000); neither can they permanently take your property of any value, including cars, wedding rings and homes — unless they secure a conviction. If you didn’t know about this unjust law, one that essentially gave law enforcement free reign to take your stuff with almost no recourse, consider yourself lucky.

Jan 05 09:50

A well-kept open secret: Washington is behind India’s brutal experiment of abolishing most cash

In early November, without warning, the Indian government declared the two largest denomination bills invalid, abolishing over 80 percent of circulating cash by value. Amidst all the commotion and outrage this caused, nobody seems to have taken note of the decisive role that Washington played in this. That is surprising, as Washington's role has been disguised only very superficially.

Jan 05 09:08

SEARS TO SELL OFF CRAFTSMAN FOR $900 MILLION

Jan 05 08:54

Relax, Gold Only Has Another $80 Downside: Gerald Celente

“In a cashless society, gold is going to be worth even more.”

Jan 05 08:41

Nationwide to eliminate 138 jobs in Cleveland area

Nationwide plans to eliminate 138 jobs in the Cleveland area during the course of 2017 as part of its plan to exit a line of business, but the insurer anticipates that many of the affected workers will find new jobs.

Webmaster's Commentary: 

Suuuuuuuuuuure they will!

Jan 05 07:43

Trump Curse: Anti-Trump Macy's Closing Stores, Cutting 10k Jobs, Stock Collapsing

Ever since Macy's severed ties with Donald Trump and attacked him as a racist, their company has been imploding.

Jan 05 07:08

Disney could receive $50 million in insurance because of Carrie Fisher's death

The company behind "Star Wars: The Force Awakens" and all new movies in the franchise put in place an insurance policy on Fisher before she signed a three-picture deal to reprise her role as Princess Leia from the original trilogy in the event that she could not fulfill her contract, according to The Insurance Insider.

Because Fisher died on December 27 — after suffering a heart attack on a flight four days earlier — Disney could receive $50 million, according to The Insurance Insider.

Jan 05 04:12

US National Debt - $19.97 Trillion

Jan 05 03:28

2017: a Volatile Year from All Angles

Where to now… after what 2016 dished out?

Jan 04 18:06

Saudi Arabia Jails and Flogs Workers for Unpaid Wage Protest

Saudi Arabian media is reporting that 49 foreign construction workers protesting unpaid wages have been sentenced to prison and corporal punishment in the form of lashes.

© FLICKR/ UN GENEVA UN Human Rights Chief Urges Saudi King to Stop Flogging of Atheist Blogger Some of the unnamed workers were reportedly sentenced in a Mecca court to four months imprisonment and 300 lashes each, on charges of destroying public property and inciting unrest. Others received prison sentences of 45 days. The nationalities of the workers have not been made public by Riyadh. The workers had primarily been employed by Saudi Oger, a construction company, and the Binladin Group, which was founded by the father of the deceased al-Qaeda leader. After the kingdom’s oil revenues collapsed, the contracted workers went unpaid.

Webmaster's Commentary: 

Given its royal dictatorship, abhorrent human rights record, and lousy economy, workers from foreign countries REALLY need to think twice about doing ANY work in Saudi Arabia, period, end of discussion.

Jan 04 17:14

The Stock Market Has Lost It's Mind.

Jan 04 16:59

Bloodbath on the High St as £937m is wiped off Next after 'disastrous' sales figures for Christmas

More than £948million was wiped off the value of Next yesterday as it unveiled a 'disastrous' set of sales figures for Christmas.

Next said festive sales of full-price goods were down 0.4 per cent on last year as the battle ramped up between online and the High Street.

The Boxing Day sale also failed to entice shoppers, with sales of cut-price goods plunging 7 per cent on last year, costing the company £3million.

It warned the tough times were likely to continue into the year ahead after it revealed full-year profits would fall far below market forecasts.

Jan 04 16:49

Venezuela On The Brink

The crisis engulfing Venezuela appears to have reached the point of no return. Inflation is heading for 1000% while shortages of food and other essentials are now widespread. It has prompted many to speculate that it is just a matter of time before President Maduro is forced from office and Chavism is consigned to the dustbin of history.

Jan 04 16:47

Prosperity = Abundant Work + Low Cost Of Living

An economy that only serves the prosperity of the protected top 5% is an economy doomed to rising inequality, stagnation and widespread social discontent...

Jan 04 16:28

BREAKING ALERT: The War On Gold Has Begun

Jan 04 16:13

SEARS IS CLOSING 150 STORES...

Jan 04 15:44

US national debt soars by $100 billion. . . in just 8 hours

According to the latest statement issued yesterday afternoon by the Department of Treasury, the US national debt has reached $19,976,826,951,047.80.

Jan 04 15:36

Top analyst: Why now is the time to buy gold

Jan 04 15:06

Central Bankers Are In The Process Of Banning Cash One Country At A Time

Trump lashes out at GM and Ford and says will impose border tax if jobs are moved out of the country. Manufacturing survey is detached from the hard data, industrial production declining.

Jan 04 12:45

WILL TRUMP CRASH THE DOLLAR? | Jeff Berwick

Is there a way to prevent collapse? Berwick is concerned we are past the point of no return. Regardless of who runs the U.S., an economic crisis is coming, he says. Stay tuned to hear Berwick's perspective on how gold, silver, and bitcoin may perform in the coming crisis.

Jan 04 12:32

When robots take routine middle-class jobs, those workers drop out of the workforce

In Disappearing Routine Jobs: Who, How, and Why? economists from USC, UBC and Manchester University document how the automation of "routine" jobs (welders, bank tellers, etc) that pay middle class wages has pushed those workers out of the job market entirely, or pushed them into low-paying, insecure employment.

Jan 04 12:31

IBM Watson Replaces Insurance Claim Workers at Japanese Insurance Company

Most of the attention around automation focuses on how factory robots and self-driving cars may fundamentally change our workforce, potentially eliminating millions of jobs. But AI that can handle knowledge-based, white-collar work are also becoming increasingly competent. One Japanese insurance company, Fukoku Mutual Life Insurance, is reportedly replacing 34 human insurance claim workers with “IBM Watson Explorer,” starting by January 2017.

Jan 04 11:50

Cash Ban Continues, Greece Intitiates Soft Cash Ban

The cash ban didn't stop with India, Greece is now the next test case for the central bankers. The central bankers are now pushing their agenda to ban cash.

Jan 04 11:48

'Audit the Fed' bill gets new push under Trump

Controversial legislation to subject the Federal Reserve’s monetary policy powers to outside scrutiny is getting new life in Washington.

Rep. Thomas Massie (R-Ky.) and Sen. Rand Paul (R-Ky.) have re-introduced legislation to “Audit the Fed,” after a similar effort stalled in the last Congress.

But such a proposal, which has been vocally opposed by Federal Reserve Chairwoman Janet Yellen, may face its best odds ever of becoming law. Both chambers are controlled by Republicans long critical of the Fed’s policies, and President-elect Donald Trump has heaped scorn on the central bank since the beginning of his presidential campaign.

Webmaster's Commentary: 

Jan 04 11:39

Marine Le Pen Wants France Out Of The Euro, Will Redenominate French Debt In New Currency

French presidential candidate and National Front leader, Marine Le Pen, said she wants to take France out of the euro, reiterating comments made the day before, and - taking a page out of the Yanis Varoufakis Grexit negotiating strategy playbook - added she wants to redenominate French government debt in a new national currency.

“More and more European citizens realize their economies have been suffocated by the euro,” she told reporters on the sidelines of a press conference in Paris quoted by Bloomberg.

Jan 04 11:35

Laurence Fink: The Trillion-Dollar Deadhead

THE SECRET OF GREAT FORTUNES WITHOUT APPARENT CAUSE IS A CRIME FORGOTTEN, FOR IT WAS PROPERLY DONE.

— HONORÉ DE BALZAC, LE PÈRE GORIOT, 1835

Among the current crop of Wall Street financiers, Laurence “Larry” Fink has received the greatest number of awards and plaudits. He is the CEO and Chairman of BlackRock (BR), the world’s largest multinational investment management corporation. By 2016, BR had over $5 trillion dollars under management with over 12,000 employees in 70 offices in 30 countries serving clients in 100 countries.

Jan 04 11:31

The “Upcoming, Cataclysmic, Financial Big Bang To End All Big Bangs”-Upgraded From Inevitable To Imminent?

Before the U.S. has even opened for 2017 business, global markets have taken a dramatic step towards implosion – as the “year of monetary revolution” commences.

Jan 04 10:11

FEMA “Preparing for Dollar Collapse”: Martial Law and Complete Social Disintegration In 2017

Police and military units have trained under Homeland Security and FEMA supervision to quell riots and suppress civil unrest… effectively, our delicate future is inevitably headed towards martial law.

...And it may compound with economic collapse.

Read more at SHTF

Jan 04 09:35

Silver company CEOs prepare for war on big banks! Class action lawsuit for price rigging planned

Though Wall Street regulators and the mega-banks they purport to regulate have long said that there exists no manipulation in markets and that anyone making claims to the contrary is nothing short of a conspiracy theorist, recent revelations suggest that even the most well-known financial institutions on the planet have been actively involved in rigging asset prices.

Jan 04 09:35

Lior Gantz - Derivative War Could Bring Down Global Economy, Grave Danger Elite Bankers Might Make Trump Fail

Wealth manager Lior Gantz warns of a possible derivative war between top bankers that could bring the global economy down. Gantz contends, “Once somebody begins to change the way they look at derivatives and start using derivatives as a weapon . . .

Jan 04 09:30

Does a Healthy Diet Have to Come at a Hefty Price?

By Kelly L. Haws, Vanderbilt University; Kevin L. Sample, University of Georgia, and Rebecca Walker Reczek, The Ohio State University

Imagine you’re in the aisle of your favorite grocery store, bombarded with hundreds of the latest and greatest products on the market. After grabbing a box of your favorite pasta off the shelf, you notice a new organic version of the spaghetti sauce you usually buy. Strikingly, you notice that the price is at almost a 50 percent premium compared to what your usual sauce costs.

Here we go again, you think: You have to empty your wallet to buy the “healthy” stuff.

If this describes how you think about the relationship between food health and price, you’re not alone...

Jan 04 09:25

Video: Keiser Report: Predatory Promises

In this episode of the Keiser Report, Max and Stacy discuss the run up in bitcoin prices and the runs on pension funds in Dallas, Texas.

Jan 04 08:54

The Titanic Sails at Dawn: Warning Signs Point to Danger Ahead in 2017

a couple of the icebergs:

Mandatory quarantines without due process or informed consent: Under a new rule proposed by the Centers for Disease Control and Prevention, government agents will be empowered to indefinitely detain any traveler they suspect of posing a medical risk to others without providing an explanation, subject them to medical tests without their consent, and carry out such detentions and quarantines without any kind of due process or judicial review.

Mental health assessments by non-medical personnel: As a result of a nationwide push to train a broad spectrum of so-called gatekeepers such as pastors, teachers, hair stylists, bartenders, police officers and EMTs in mental health first-aid training, more Americans are going to run the risk of being reported by non-medical personnel and detained for having mental health issues.

Jan 04 08:31

Cashing Out? Banks To Reveal Post-Brexit Plans

Banks in the City of London will tell investors as early as next month whether they plan to move their operations out of post-Brexit Britain, it has emerged.

UK-based lenders are finalizing Brexit contingency plans to decide how much of their business they need to shift overseas to maintain relationships with the remaining 27 EU member states, according to the Guardian.

Jan 04 08:27

Donald J. Trump Testifies Before Congressional Budget Committee, 11/21/1991

Did you know that Donald Trump testified before Congress for an hour straight, over 25 years ago?! I'd never seen this, it is very interesting. He tells it like it is! "The one word that nobody has mentioned is depression. People are kidding themselves if they think it's a recession.. Any part of the country virtually is a total disaster... Everybody is doing badly.. You have to get something going, if it's not started soon, uh, we're just gonna be in a freefall."

Jan 04 08:20

The only prediction that really matters for 2017: The global debt collapse begins, followed by the rise of fascist, totalitarian government

Now, as readers are asking me what to expect for 2017, I’ve spent most of the Christmas and New Year’s break pondering the best way to share that insight with you. At first, I thought about putting together a list of 25 bold predictions for 2017, but in the end I realized only one prediction really matters. It makes everything else almost irrelevant.

The era of cheap money and free debt is going to come to a catastrophic end

To understand the implications of this one prediction, you need to grasp the reality that we are approaching the end of the era of cheap money, endless debt and fiat currency money creation. I don’t have the time to go into all the details of why, but the upshot is that the “experts” running the Fed are delusional. They are wrong. The de-coupling of the U.S. dollar from gold in 1971 by Richard Nixon set into motion an inevitable dollar collapse and economic apocalypse.

Webmaster's Commentary: 

I concur the economy is headed for collapse from private central bank created debt, and I agree that when it hits the corporate media will scapegoat Donald Trump. However, I suspect that the attempt to form a global fascist dictatorship to protect the wealth and privilege of the elites will fail, and that like ancient Rome, which was also destroyed by out-of-control debt, we will see the global empire fragment and collapse.

Jan 04 08:15

How to Make America Great Again with Other People’s Money

A lot of the sharper-minded commentators have recently started pointing out a problem with Donald Trump’s plan to “make America great again”: lack of funds. The US is bankrupt: sinking ever-further into unrepayable debt, unable to achieve a rate of economic growth that could ever catch up with its growing debt burden. It is in the midst of a giant financial bubble that is propped up by various scams and rackets, from car loans whose term exceeds the useful lifetime of the car, to retirement fund shortfalls caused by effectively negative interest rates, to educational debt that condemns ever more young people to a lifetime of indentured servitude, to the medical racket which is now eating up over 20% of the economy while delivering some of the worst levels of well-being in the entire developed world…

Jan 04 08:14

Old Woman In Sweden Becomes The Latest Victim of the War on Cash

Over the years, Ethel had accrued a modest and honest nest egg of around 108,450 Swedish krona which amounts to approximately $12,000 USD in cash.

To her surprise, upon her request to exchange her outdated notes, she was denied the new issue notes. The bank’s justification for denying the woman the service was that she could not produce the proper receipts to prove the cash was earned legitimately.

She was pressed with hard questions such as whether she had ever been involved in laundering money or ever had involvement in organized crime.

She was essentially assumed to be guilty until proven innocent.

Little did she know, she was dealing with the policy of the biggest and most dangerous organized criminals in the world; central bankers.

Jan 04 08:03

World's Purest Silver Producer To Join Class Action Lawsuit Against Bullion Banks For Price Rigging

Though Wall Street regulators and the mega-banks they purport to regulate have long said that there exists no manipulation in markets and that anyone making claims to the contrary is nothing short of a conspiracy theorist, recent revelations suggest that even the most well known financial institutions on the planet have been actively involved in rigging asset prices. We need look no further for confirmation of this fact than Deutsche Bank, which last year admitted the precious metals market has been rigged all along and agreed to pay nearly $100 million in settlements resulting from their direct involvement in the manipulation of gold and silver prices.

Webmaster's Commentary: 

At this point, it seems like a major economy "correction" (euphemism for a crash) is unavoidable. When it hits, the people of the world are going to remember how the "real" (Reg trademark ABCNNBBCBSFOX) media and government kept assuring them the economy was fine, that the banks were honest, and that there was nothing to worry about so long as let the banks hold their money, invested in stocks, and paid their taxes.

The people will remember how the "fake" Independent Media was sounding the warnings about the eleventh marble, massive rigging and fraud by Wall Street, and how the illusion of a functioning economy was just that; an illusion.

A financial crash will trigger the final collapse of trust and confidence in big banks, especially private central banks.

A financial crash will trigger the final collapse of trust and confidence in corporate media.

A financial crash will trigger the final collapse of trust and confidence in government itself.

Jan 04 07:41

Circumvent The Euphemisms, It's Time To Face Reality!

You see, the elites like any systematic process has evolved but unfortunately for the worse. Before I go any further I would like to make 1 firm point, I am not a cynical/pessimistic human however the instincts of ‘common sense’ has been somewhat eroded by the roots of what drives cognitive behavior via mainstream media, government officials, too big to fail banks & ‘The Committee To Destroy The World’ aka Central Banks. We are witnessing the rise of exponential political polarization, distrust in mainstream media, people flocking to alternatives currencies & people finally thinking Ph.D. economist are full of shit.

Webmaster's Commentary: 

Jan 04 07:40

China Warns May Dump Treasuries To Keep Yuan Stable, Prepares More Capital Controls

Then, fast forward two days when China, no longer bothering with euphemisms, admitted that it has "studied possible scenarios of yuan exchange rate and capital outflows in 2017 based on models, stress tests and field research, and is preparing contingency plans", Bloomberg reported citing people familiar with the matter.

Among the "contingency plans" are proposals recently suggested by such banana countries as Turkey and Venezuela, which include China's government asking state-owned enterprises to temporarily convert some foreign-currency holdings into yuan, said Bloomberg's sources, who are clearly mostly interested in the market's response to this particular Bloomberg-mediated trial balloon

Jan 04 07:37

“Everything Else Is Almost Irrelevant”: Era Of Cheap Money Ending, Financial Hell Unleashed

We’re living in the calm before the storm.

That much everyone can sense. The stock market highs and holiday spending spree will soon be over, the inauguration will presumably go as planned, but that’s when everything could start to go off course.

Jan 04 07:10

Silver Company CEOs Prepare For War On Big Banks: Class Action Lawsuit For Price Rigging

Though Wall Street regulators and the mega-banks they purport to regulate have long said that there exists no manipulation in markets and that anyone making claims to the contrary is nothing short of a conspiracy theorist, recent revelations suggest that even the most well-known financial institutions on the planet have been actively involved in rigging asset prices. We need look no further for confirmation of this fact than Deutsche Bank, which last year admitted the precious metals market has been rigged all along and agreed to pay nearly $100 million in settlements resulting from their direct involvement in the manipulation of gold and silver prices.

Webmaster's Commentary: 

We have reached the stage where being a "conspiracy theorist" is now seen as a GOOD thing!

Jan 03 15:49

PROSPERITY = ABUNDANT WORK + LOW COST OF LIVING

Jan 03 15:33

Walmart and Amazon market cap compared

that is amazing...

Jan 03 14:11

3 REASONS ECONOMY IS UNSUSTAINABLE | Morten Strange

Resource depletion, pollution, and debt expansion are choking the economy.

Jan 03 13:43

The Almighty Dollar and the Currencies that Crushed it in 2016

A mix of deceptive calm, hair-raising craziness, and big surprises.

Jan 03 13:05

Shrinking Oil Giant Pemex Starts 2017 on Wrong Foot

Mexico’s ATM is stewing in a toxic mix.

Jan 03 12:18

One third of children in Silicon Valley are homeless while tech profits soar

24-Hour Bus Sheltering Silicon Valley's Homeless

Jan 03 12:13

What 12 Financial Experts Predict for the Economy in 2017…It’s Ugly

What lies ahead for the economy this year? Will the economy finally collapse as predicted by many or will the early positive signs in stock markets around the world continue and the global economy will flourish?

I've taken a lot of heat for being "gloomy" and for "fear-mongering" lately when I've said that President-Elect Trump is inheriting a mess of epic proportions and that we may still be in for a rough financial ride. While I do think that Trump is a far better choice than Hillary Clinton ever could have been, when a situation has been declining as long as ours has, it would take an absolute miracle to turn it around without some pain.

And it turns out, I'm not alone in my concern about the worst for our economic situation during the upcoming year.

Here's what 12 prominent financial experts are predicting.

Jan 03 11:56

Indonesia Terminates All Business Relationships With JPMorgan After Downgrade

In what may be one of the most dramatic retaliations to a downgrade report, Indonesia’s government said it has terminated all business partnerships with JPMorgan Chase after the U.S. bank downgraded its outlook on stocks in Southeast Asia’s largest economy. The finance ministry announced it would stop using JPMorgan as a primary dealer and as an underwriter of its sovereign bonds, Robert Pakpahan, the ministry’s director-general for budget financing and risk management told reporters in Jakarta on Tuesday. The reason: Pakpahan said a November research report issued by the bank was not "accurate or credible."

JPMorgan downgraded Indonesia’s equity market by two notches to underweight from overweight in a Nov. 13 report as a “tactical response” to the Trump election win. The bank also downgraded Brazil, while noting that both countries may provide a "better buying opportunity” later, Bloomberg reported.

Jan 03 11:55

Beware the $52 TRILLION $USD Debt Bomb

Janet Yellen is playing a very dangerous game here. There is simply no logical explanation for what she’s doing here It’s madness.

A strong $USD hurts:

1) Corporate profits (47% of corporate sales from abroad).

2) GDP growth.

3) Bonds (debt deflation).

4) Mortgages and home refinancing.

5) US manufacturing.

And more.

Jan 03 11:55

New Law: Showers For Homeless Community College Students

A new state law intends to help homeless students in California graduate from community college by giving them access to showers.

Das Williams knows firsthand how tough it can be to stay in school when you don’t have a place to live.

"I was homeless when I went to Santa Barbara City College," says Williams, "and I can tell you that access to shower facilities can make a world of difference for keeping homeless students in school."

Jan 03 10:14

Ford cancels Mexico factory and invests in Michigan - and announces plan after Trump tells Chevy to build in America or 'pay big border tax'

Ford announced a $700 million investment and 700 new jobs in Michigan on Tuesday.

It cancelled its plans to build a $1.6 billion plant in Mexico for production of the Ford Focus and said it would build the next generation of the vehicle at an existing factory in the foreign country.

Ford CEO Mark Fields said at a news conference that the 'pro-growth' polices of President-elect Donald Trump and Republicans in Congress are encouraging.

Jan 03 10:13

Bill Holter: Expect Standard Of Living in U.S. to Drop by 30-50% (Video)

In the video below, Bill joins the X22 Report, and the first topic covered is the current banking crisis unfolding in Italy. Right now, Italian banks have an $8 billion shortfall to meet their capital requirements. More and more, investors are realizing that Italian banks are having solvency issues, as a result of their lack of liquidity.

Bill further explains that alarm bells should be sounding everywhere, because the problems the Italian banks are experiencing are emblematic of Western banking as a whole, but because our media and our politicians are so dishonest, many Americans are of the utterly false belief that a President Trump will be able to "right the economic ship," so to speak. They will be blindsided by the coming collapse.

Jan 03 09:50

U.S. Quietly Drops Bombshell: Wall Street Banks Have $2 Trillion European Exposure

Just 17 days from today, Donald Trump will be sworn in as the nation’s 45th President and deliver his inaugural address. Trump is expected to announce priorities in the areas of education, infrastructure, border security, the economy and curtailing the outsourcing of jobs. But Trump’s agenda will be derailed on all fronts if the big Wall Street banks blow up again as they did in 2008, dragging the U.S. economy into the ditch and requiring another massive taxpayer bailout from a nation already deeply in debt from the last banking crisis. According to a report quietly released by the U.S. Treasury’s Office of Financial Research less than two weeks before Christmas, another financial implosion on Wall Street can’t be ruled out.

Jan 03 09:45

Pound SURGES as Britain's manufacturing jumps to 30-month high

Sterling today strengthened by 0.6 per cent against the single currency to a 10 day high of €1.18.

It comes as manufacturing beat expectations to hit 56.1 in December, as measured by Markit/CIPS UK purchasing managers' index (PMI).

A reading above 50 indicates growth, economists had been expecting the index to come in at 53.3.

The sector was boosted by the weaker pound, helping to fuel demand for British exports.

Jan 03 08:47

George Soros Plotting ‘Financial Armageddon’ To Stop Trump

Frustrated by his failed attempts to control future US and world policy, George Soros has returned to what he knows best – market manipulation – in an attempt to stop Trump from dismantling meticulous plans for a New World Order.

Jan 03 08:19

War on all non-US cash expands to Greece with "soft cash ban" - Please note that while many nations are having a "war" on their cash, the use of US cash already rampant in the "Black (AKA: free) Market" will only increase.

What's the matter Bunky? Your old 5,000 Rupee Note was 'demonetized'? Your new 5,000 Rupee note is crumbling a day after coming out of the ATM? NO PROBLEM! Just trade them for a US Federal Reserve System $20 or $100 Note, and hide them under your bed for the next 20 years!
In this way, Hillary can print the Dog-Snot out of the US Dollar to pay for her war with Russia, and we in the USA wont feel any 'inflation! (What could go wrong?)

Jan 03 07:43

Washington Secretly Behind Cash Ban In India

The Obama administration were behind the recent ban on cash in India, which saw millions of citizens take to the streets in protest.

Jan 03 06:38

Kicking Money Out of Politics: Trump Boots Koch Brother from Golf Course

President-elect Donald Trump told a critical biographer and guest of billionaire David Koch to leave his West Palm Beach golf course on New Year’s Eve, forcing Koch to leave with him.

Trump’s gesture was another slight against the pro-amnesty, pro-“free trade” billionaire brothers Charles and David Koch, who opposed Trump during the Republican primary season and refused to help him during the general election. It also signals Trump will not necessarily play nice with the GOP political establishment and Beltway right.

Jan 02 17:28

2016: The Year of Russia’s Triumph – The Saker

2016 has been a fantastic year for Russia. Putin’s policy of slow, low-key and deliberate move and counter-move has proven to be extremely effective.

Just like European maps place Europe in the center of the planet, so do most western commentators look at the past year from a US/Europe-centered perspective. Which is fair enough. Furthermore, the AngloZionist Empire has just suffered two major disasters, the Brexit and the election of Trump.

The credit for the election of Donald Trump goes first and foremost to the American people to whom I sincerely believe the entire planet owe a heartfelt and loud “THANK YOU!!!!!”.

Not only did the British people defy the Empire and vote for a Brexit, but now the Imperial Homeland has “backstabbed” them by electing a patriot who is not interested in maintaining the global empire (or so he says, at least for the time being).

Jan 02 16:47

Obama Defends His Legacy on Twitter, But What Is He Really Going to Leave Behind?

You can easily compare politics to storytelling and fairytales. Storytellers use their talent, amazing vocabulary and writing skills, to depict a certain event and take you to the world of imagination.

Jan 02 15:06

Dave Collum: Worse Inflation Coming In 2017?

Jan 02 13:53

If the Road Ahead Is Dim, Prepare for Survival in a Broken America: “Hope For the Best Outcome”

A crash has been scripted and potentially scheduled for a pivotal time during the next administration; however, they could also kick the can down the road.

Here's what to prepare for...

Read more at SHTF

Jan 02 11:29

SICK TRUTH! NUMBER OF FOOD STAMP RECIPIENTS INCREASED BY 10.7 MILLION UNDER OBAMA

The number of food stamp recipients in the United States increased by a staggering 32 percent under President Obama, according to the latest statistics from the Department of Agriculture.

Jan 02 09:07

Gold: Getting There A Little At A Time

One of life’s hardest-to-learn but most necessary lessons is that things usually take a lot longer to work out than you’d like them to.

That’s where the sayings “Being too early is the same thing as being wrong” and “The market can stay irrational longer than you can stay solvent” come from.

Jan 02 09:04

Putin’s Bear to Obama’s Turkey

Putin's stoic statesmanship speaks for itself.

Not for the first time, the contrast in character between Putin and Obama was illustrated in the latest diplomatic spat over alleged Russian hacking.

For one thing, Putin’s gracious magnanimity always in the face of American provocations shows the Russian leader to be a fine statesman and human being; whereas Obama looks like a pathetic, cheap nonentity.

President Putin made a surprise attack:

He said that his government would not take retaliatory measures. Indeed, he went further by offering seasonal goodwill greetings to President Obama, his family and the people of America, as well as repeating invitations to the children of accredited US diplomats in Russia to festivities being held at the Kremlin.

Jan 02 09:01

Who Exactly Benefits from Italy’s Ballooning Bank Bailout?

All these events conform to a well established script.

Jan 02 08:58

Russia Delays Retaliation – Trump: “Great Move” By “Very Smart” Putin – Special Report

The bad losers Democrats are STILL shell shocked about the fact that they lost and are throwing a temper tantrum, trying to cloud President-elect Trump’s incoming policies.

The Truth is that the US as a nation need to now move past the NeoCon era, the warmonger era...

Jan 01 19:28

King Dollar could be topping out, says Joe Friday

Could the US Dollar be peaking at year end? It’s way too early to tell!

Jan 01 17:30

Why Is Germany Hoarding So Much Gold? - 410 Tonnes Repatriated In 2 Years!

Josh Sigurdson talks with author and economic analyst John Sneisen about Germany's hoarding of gold. In the past 2 years alone, Germany has repatriated 410 tonnes of gold.

Jan 01 17:15

Where the heck is Dow 20,000?

Over the last ten days, markets have been jinxed, and nearly everything changed direction.

Jan 01 16:52

Minimum Wage Rises In 19 States & DC, But Only Some Win Fight For $15/Hour

Nearly 12 million American workers ? mostly in California and New York ? will get pay raises on New Year’s Day, thanks to rising minimum wages in 19 states and in cities and counties. The $15 an hour will only apply to some workers in Seattle, Washington.

The highest statewide minimum wage in the country will be $11, in Massachusetts and Washington. The pay floor in the District of Columbia will top that, though, rising by a dollar to $12.50.

Jan 01 14:03

“A Warning for Property Investors in Australia”

Australian housing bubble meets rampant oversupply.

Jan 01 11:08

What is Henry Kissinger Up To? — Paul Craig Roberts

Until Trump relegates 'the neocons' to the ideological backwaters, Russia and China had best hold on to their strategic alliance.

Kissinger, an old cold warrior, is working to use Trump’s commitment to better relations with Russia in order to separate Russia from its strategic alliance with China.

China’s military buildup is a response to US provocations against China and US claims to the South China Sea as an area of US national interests. China does not intend to attack the US and certainly not Russia.

Jan 01 10:51

Back to the Future: From the USSR to the Eurasian Century

Get ready, because the thick of the action starts now.

The 2008 casino capitalism-provoked financial crisis, plus the American “resolve” to remake the so-called Greater Middle East through wars of choice, regime change and covert ops miserably failed.

As we wait for the dawn of the Trump era – an almost intergalactic geopolitical question mark – what’s certain is that the War Party US deep state won’t admit defeat. And the key geopolitical riddle to be answered is how strident internal American tensions will deal with the hub of progressive Eurasia integration: Russia, China and Iran.

Jan 01 10:20

Trump Moves To ABOLISH The Federal Reserve And Institute Gold Standard

Donald Trump won the election in a landslide because of bold ideas. His ideas would erase and remove decades of failed policies and corrupt agendas that have plagued this country for too long.

Jan 01 09:02

Accounting Gimmicks Won’t Stop The U.S.A. Titanic From Sinking

The U.S. Government has gone to great lengths in using accounting gimmicks to prop up the financial system and domestic economy. One area where this is readily apparent is the disconnect between the rising U.S. debt versus the annual budget deficits.

Jan 01 05:36

Dr. Jim Willie: The Death Of The U.S. Petrodollar, and What Comes After (Video)

In the following interview, Turd Ferguson of TF Metals Report interviews the one and only Dr. Jim Willie, in what is undoubtedly one of the best Dr. Willie interviews I’ve ever heard. The article that follows the interview is also from TF Metals Report, and it’s written by Grant Williams, who is a Singapore-based hedge fund manager.

First, the interview covers three main areas of discussion. First, Ferguson and Dr. Willie review the generally accepted narrative that has been coming from the mainstream media more or less since Donald Trump won the election. We keep hearing how bonds are selling off, which is sending interest rates higher, and making the stronger Dollar. There’s nothing to worry about, and the Dow will be at 25,000 in no time, right?

Dec 31 13:18

Virginia Bill Would Take A Step Towards Supporting Sound Money

By Michael Boldin

A Virginia bill prefiled for the 2017 session would remove sales taxes from some purchases of gold and silver, a first step towards encouraging its regular use as currency and breaking the Federal Reserve’s monopoly on money...

Dec 31 11:28

EPA To Alaskans In Sub-Zero Temps: Stop Burning Wood To Keep Warm

WTF!
In Alaska’s interior, where it can reach -50 degrees Fahrenheit in winter, the EPA wants people to stop burning wood. But it's just about their only feasible way to stay warm.
By John Daniel Davidson

In Jack London’s famous short story, “To Build A Fire,” a man freezes to death because he underestimates the cold in America’s far north and cannot build a proper fire. The unnamed man—a chechaquo, what Alaska natives call newcomers—is accompanied by a wolf-dog that knows the danger of the cold and is wholly indifferent to the fate of the man. “This man did not know cold. Possibly, all the generations of his ancestry had been ignorant of cold, of real cold, of cold 107 degrees below freezing point. But the dog knew; all its ancestry knew, and it had inherited the knowledge.”

Dec 31 11:24

Wow: Watch Trump's Budget Director Endorse Rand Paul Where He Tells What He REALLY Thinks Of Washington D.C & The GOP 'Establishment-Wing Crony Corporatists!"

"All of the donors that Boehner's talked to are completely happy. That's what's wrong with my party. We've become cronyist, we've become corporatist, we've lost touch with the people who put us there in the first place.. a couple 'outsiders' running, but honestly, I think you have to be in Washington just a little bit to know how bad it is. Y'all get a sense of how bad it is, you get trickles, bits and pieces here and there coming down in the media about what's broken in washington. I can tell you from having been there for four years, it's worse than you realize. And I don't think you could really fully appreciate how bad it is, why it's as bad as it is, and how you can fix it, until you've been there for a while." - Rep. Mick Mulvaney

Dec 31 10:47

Ohio’s new laws: 2017

Want to boycott Israel. Ohio will no longer contract with individuals or companies participating in boycotts against Israel or other countries with which Ohio trades freely. (HB476)

Want to boot a local official from office. Recall petitions now become invalid 90 days after the first signature is collected. (HB463)

Own Nationwide Arena. You get a property-tax exemption, worth about $4 million per year. (SB3)

Dec 31 10:22

Britain will have given Brussels £623 BILLION by 2020 as cost of EU membership is revealed

BRITAIN’S EU membership has cost an eye-watering £527billion since 1973 - with the UK expected to hand over a further £96billion by the end of the decade, claim Change Britain.

Dec 31 10:01

Not Just Bitcoin: The Top 7 Cryptocurrencies All Gained in 2016

2016 has been an exciting year for cryptocurrencies.

With most of the major open-source currencies showing growth this year and with some expected to see significant expansion in 2017....,

Dec 31 09:17

Trump's Budget Director Hates The Fed, Opposes World Govt & CFR, Loves Gold, Bitcoin, Endorsed Rand Paul For Pres.

President-elect Trump has made some excellent choices for his cabinet picks, including Scott Pruitt for EPA and General John Kelly for DHS. Never in a million years would an establishment Republican hack have picked any of these type people. But Trump's pick of Rep. Mick Mulvaney for the Director of the Office of Management and Budget takes the cake. I love it. Let's 'MAKE AMERICA GREAT AGAIN,' indeed!

Dec 31 07:06

Where Are All The World's Billionaires?

...

The first and most obvious conclusion to draw from the map is the large number of billionaires found in the United States. The world’s largest economy has close to 30 percent of the world’s billionaires and far more than any other single country. The distribution of billionaires in the United States is mostly equal, with the exception of the Political Connections and Resource Related type. Only 3.8 percent of American billionaires attained their wealth through political or resource related ventures, a likely consequence of the US government’s historical hands-off approach to business.

Dec 31 04:40

Dr. Jim Willie: America’s Economy Before Versus After Obama (Video)

He who controls information, controls absolutely, and "The Powers That Be" have made sure that we the people do not have access to real information. Instead, what the mainstream media calls “real news,” is little more than sound bites and propaganda intended to keep the masses distracted and pacified. Those of us like myself who make an honest effort to spread the truth, have been labeled as “fake news,” and we are often censored or blocked for weeks at a time from getting our messages out. I know this, because I just spent the last two weeks banned from most of social media because I chose to reveal the truth about Facebook's new "Fact Checkers" (aka Snopes), a couple I've had frequent altercations with, but never lost to lose once.

Dec 30 17:11

Bank run happening in Italy!

Dec 30 16:36

Precious Metal Deliveries For 2017 Begin Quietly - Big Drawdown in Registered For Delivery Silver

Although the silver did not ‘go anywhere,’ the registered (for delivery) category of silver dropped by almost 8 million ounces in one day.

Dec 30 14:37

The Central Banks Have Positioned The Economy To Collapse

Trump announces that Sprint will bring back 5,000 jobs. Gold surges on a huge purchase of paper contracts. Mini bubbles are now ready to burst. NYC real estate is now declining rapidly, this is the beginning of the real estate market breaking apart.

Dec 30 14:16

Is the 2nd Half of 2017 when Sears Finally Kicks the Bucket?

Sears doom-and-gloomers approach the end of their long wait.

Dec 30 12:48

War on cash gains fresh impetus

Last weeks showed there is no doubt what priorities financial elite has. One country recently made a move which resulted in terrible consequences. Indian government decided to revoke high-value notes as a legal tender.

Dec 30 12:24

Obama's Recovery In Just 9 Charts


Click for larger image

Webmaster's Commentary: 

Here is the real story of America 's decline right from their own Fed web sites.

These charts came from the Federal Reserve Bank in St. Louis.

Dec 30 12:10

Gold Technically Oversold, Ready for a Price Reversal

In more ways than one, 2016 was a roller coaster year. One need only look at gold’s performance to confirm this.

Dec 30 10:52

Copper Leads The Way Lower for Bond Yields

Dec 30 10:31

91 Year Old Woman Court Sides With Bank – Her Cash Saving Illegal

A 91 year old woman in Kristianstad tried to simply deposit her 108,000 SEK (approx. 12000 USD), which was her life savings.

Dec 30 09:54

Dan Amerman on Imminent Surge in Entitlement Costs

America is facing an “imminent multi-trillion dollar surge in Social Security and Medicare costs,” writes Dan Amerman. Today, he discusses why this will happen and what it means for US national debt, retirement savings...

Dec 30 08:50

Italy's Insolvent Monte Paschi To Issue €15 Billion In Debt

Italy's Banca Monte dei Paschi di Siena (BMPS.MI), which is being bailed out by the state, plans to issue 15 billion euros ($15.8 billion) of debt next year to restore liquidity and boost investor confidence, several newspapers said on Friday.

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