ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Nov 12 08:24

The End of the Federal Reserve hegemony - 2017?


The 'creature from Jekyll island' (the aptly named organisation "Federal Reserve Bank" is neither federal, nor a full reserve as such!) is on its last legs as it struggles to retain the US dollar hegemony. Why worry about the $19 trillion debt level, the highest in the world, when you've got the dollar printing machine?

Nov 11 20:29

Soros-fronted orgs among groups calling for anti-Trump protests (VIDEO)

Some of the anti-Trump protests in the US have been organized by groups that were sponsored by Clinton sympathizer and billionaire George Soros.
Trends
US Elections 2016
Among Wikileaks’ Podesta emails was a strategy document involving the Soros-supported MoveOn.org and grassroots organizing and funding.

Nov 11 17:29

Emerging Market Routs

Nov 11 15:42

Cashless Society: India Bans Currency Notes Sparking Chaos At Banks

By John Vibes

The government in India has recently made a move to ban large currency notes, continuing the push towards a cashless society, an effort that the country has been working on for decades. 500 and 1,000 rupee notes were banned throughout the country, which may seem like large currency notes, but they exchange for just a few American dollars, and represent 85% of the cash transactions in the country...

Nov 11 13:28

Obama set to green-light disputed Dakota Access pipeline

The Obama administration is expected to approve the disputed easement for the Dakota Access pipeline as soon as Monday, according to two sources familiar with the timing — dealing a major blow to climate activists even before Donald Trump takes office.

The decision would let the pipeline be built across the Missouri River near the Standing Rock Sioux's reservation in North Dakota, where protesters have been camped out for months in one of the largest ongoing environmental standoffs of recent years.

The move is not surprising, given that Trump's upset victory tees up the $3.7 billion oil pipeline's eventual approval no matter what the outgoing administration decides. But the expected move is raising concerns among some Dakota Access opponents that nationwide protests planned for Tuesday could turn uncivil.

Webmaster's Commentary: 

Please, protesters, on Tuesday, do not listen to those who advocate violence here; you will be horrifically outnumbered, and outgunned, and I fear for your - and your children's - physical safety.

But this move on Obama's part is simply a continuing, and painful, demonstration that he is no less a creation of corporate masters than are his Republican colleagues.

Nov 11 13:20

Poll: Half of America Can’t Afford More Than $100 a Month on Health Insurance

More than half of Americans—52.5 percent—say they cannot afford to spend more than $100 a month on health insurance premiums, according to a poll from HealthPocket, a technology company that compares health plans.

The group asked survey respondents at the beginning of open enrollment what was the highest monthly premium they could afford to pay for health insurance in 2017.

More than half of respondents said $100 a month or less, while 15.9 percent said they could afford to spend $200 a month.

Just over 11 percent said they could afford $300 a month, 5.5 percent said they could afford $400 a month, and 4.8 percent said they could spend $500 a month, while and 9.8 percent said they could afford $500 or more.

“Double-digit rate increases for people purchasing insurance in the Affordable Care Act market has renewed questions regarding what people can afford to pay for coverage,” the survey states.

Webmaster's Commentary: 

We are seeing droves of people avoid regular checkups because they do not have the money to pay,and cannot afford the more expensive programs, under Obamacare, which is rekitting as I type this.

I hope President-Elect Trump finds a way of making health care more accessible and affordable for more people.

In Europe, there are many, very basic "single payer" programs which people are required to buy; need is completely matched to care, and the insurance companies make their money by selling more elaborate policies when they can.

Nov 11 11:14

So Much for Draining the Swamp: Did Trump Team Consider JP Morgan Chase CEO Jamie Dimon for Treasury Secretary?

Reuters and others are reporting that one of the advisors on Trump’s transition team has reached out to Jamie Dimon — CEO of JPMorgan Chase Bank and former member of the Board of Directors of the Federal Reserve Bank of New York — to be Trump’s Secretary of Treasury.

Dimon, if you aren’t familiar, is the guy who oversaw $25 billion in TARP funds transferred from the U.S. Treasury Department to JPMorgan Chase bank during the 2008 bailout. It has been pointed out many times over JPMorgan Chase didn’t even remotely need a bailout, as it was the healthiest of the big nine banks after the collapse.

Nov 11 11:00

Trump Advisor: Gold Backed Bonds?

Nov 11 03:29

Massive Cyberattacks Hit Russian Banks Following An Explosion That Left 300,000 Without Power.

Moscow-based internet security giant Kaspersky said Thursday that massive cyberattacks were hitting five of Russia’s largest banks. Earlier several days ago, an explosion hit Russia’s electrical grid, and 300,000 Russian homes were without power.

Nov 10 22:45

Paper money an open door ‘to every species of fraud and injustice’

Donald Trump says he wants to make America great again. He can do that by shutting down the Federal Reserve and returning the U.S. to a gold-backed sound monetary system. It should be his first order of business.

Nov 10 22:42

It Looks Like George Soros is Funding the Trump Protests Just Like He Funded the Ferguson Riots

Why would anyone want to cause all this trouble?
That’s where the web gets tangled. It certainly seems counterproductive to set fire to America. After all, what these people are doing is likely to end up with more tyranny – like martial law, for example.

Exactly.

That’s precisely the plan.

Nov 10 20:54

Texas the Pension Crisis Exposed

Nov 10 18:17

It's a Girl! It's a Boy! It's a Bull Market

Nov 10 14:57

A Generation Of UK Children Will Suffer In Poverty. Suddenly That’s Normal

“Austerity” may be an abstract term to much of the public – or a thing of the past, if you listen to Theresa May – but its casualties are ever real. Real children, in fact.

Nearly half of children are now living in poverty in some parts of the UK, research by the End Child Poverty coalition has found. It’s worth pausing on that. In an era of rising rents, low wages and benefit freezes and cuts, go to a playground in many areas of this country – think Birmingham, Manchester, or London – and out of a group of 10 boys and girls, four or five of them will be in poverty.

Nov 10 13:48

Donald Trump Just Killed Off The TPP


Probably not a coincidence that shortly after President-elect Donald Trump's first official visit to the White House & extended private sit-down with Obama, the Internet exploded with excitement over news that Obama has declared the TPP (Trans-Pacific Partnership) dead, reversing his earlier plan to push for TPP passage before leaving the White House in January. Awesome first deal for us, Mr. Trump. Almost everybody - honest Republicans, honest independents, honest American workers, and honest policy analysts - thought the TPP was a bad idea.

Nov 10 10:03

Hated Tory ‘Bedroom Tax’ Discriminated Against Disabled Claimants, Court Rules

Tory welfare reforms suffered a blow in the Supreme Court as judges ruled the government acted outside of the law when it imposed its so-called ‘bedroom tax’ on a woman suffering from spina bifida and a couple caring for their disabled grandson.

Nov 10 06:17

The End of the Federal Reserve hegemony - 2017? [Video]

The 'creature from Jekyll island' (the aptly named organisation "Federal Reserve Bank" is neither federal, nor a full reserve as such!) is on its last legs as it struggles to retain the US dollar hegemony. Why worry about the $19 trillion debt level, the highest in the world, when you've got the dollar printing machine?

Nov 10 05:18

Gold prices grow by $60 as Trump wins, US dollar trashed

Republican Donald Trump has won the US presidential election. Hillary Clinton congratulated her rival on the victory and refused to speak to her supporters.
As Pravda.Ru has reported before, Trump's victory has greatly affected the state of affairs on world markets. During the last four hours, against the backdrop of the struggle between the presidential candidates, gold has risen in price by 4.5%, or $60. January futures for Brent oil fell by 2.2%. According to The Financial Times, the Mexican peso has fallen to a record low against the US dollar, having lost 13.1%, to 20.69. The Swiss franc has gained 1.9% vs. the US dollar to 0.9577. The Canadian dollar has declined to an eight-month low against the US currency. The Australian dollar has dropped by 1.9 percent to $0.7615. The pound sterling has gained 1.04 percent to $1.2513. The euro has climbed by 2.2 percent to $1.1261.

Nov 08 23:28

'Resentment vote' could see governments replacing central banks

The "resentment vote" that may see Donald Trump elected into the White House could signal a new era where governments replace central banks at the epicentre of market activity, a leading economist says.

In what would be a shock victory, Trump is leading Hillary Clinton in key states in the US election. The result is causing jitters in global markets and has hit New Zealand's stocks..

The share market's benchmark S&P/NZX 50 closed down 3.34 per cent at 6,664 points. Compare that to Britain's vote to leave the European Union in June, when the NZX50 closed for the day closed down 2.3 per cent at 6667.8 points.

ANZ chief economist Cameron Bagrie said a possible Trump victory - along with the United Kingdom voting to leave the European Union in June - signalled a new era of market activity.

"A key message out of the US election result - Brexit as well - is that the social contract between mainstream politics and the electorate has been broken," he said.

Nov 08 19:23

Dow futures down 300 as election looks tighter than expected

Stock futures plunged as traders watched for the outcome in a presidential race that continued to be extremely tight.

Investors moved into bonds and stock futures fell as traders questioned whether Democrat Hillary Clinton could win the race, as expected. The Mexican peso fell sharply against the U.S. dollar.

Nov 08 13:46

UK To Sell Off Military Lands For Housing Purposes

British Defense Minister Michael Fallon says that government is auctioning off 56 of its military sites to reduce running costs and release more land for housing purposes.

Speaking at the UK Parliament’s House of Commons on Tuesday, Fallon said that the sale of the sites was part of an estate review program which would improve cost management at his department.

Nov 08 13:17

‘Child Poverty Will Rise’ As Tough New Welfare Cap Comes Into Force

Tens of thousands of families will be hit with a controversial new benefits cap that comes into force on Monday, bringing maximum payments for working age households to £23,000 ($28,500) in London and £20,000 ($24,840) outside the capital.

The move, announced in 2015 by then-chancellor George Osborne, is part of the government’s attempt to cut £12 billion ($14.9bn) from the welfare bill.

Nov 08 08:47

Government Workers Now Outnumber Manufacturing Workers by 9,977,000

(CNSNews.com) - The United States lost 9,000 manufacturing jobs in October while gaining 19,000 jobs in government, according to data released by the Bureau of Labor Statistics.

Government employment grew from 22,216,000 in September to 22,235,000 in October, according to BLS, while manufacturing jobs dropped from 12,267,000 to 12,258,000.

The 22,235,000 employed by government in the United States now outnumber the 12,258,000 employed in manufacturing by 9,977,000.

Nov 08 07:59

Donald Trump’s Final Rally: Grand Rapids, MI 11/7/16

“Do you want America to be ruled by the corrupt political class or do you want America to be ruled again by the people?” Trump asked.

“I want the entire corrupt Washington establishment to hear the words we are about to say. When we win on November 8, we are going to drain the swamp” Trump said.

“Tomorrow the American working class will strike back.” Trump said.

Nov 08 07:07

3,000 Homeless People Denied Food As City Forces Charity to Bleach the Food and Throw it In Dumpster

Every year, for the last five years, volunteers with Kookers Kare – a group of barbecue chefs with hearts as big as their stomachs – have worked together to feed thousands of hungry homeless people. However, this year, 3,000 homeless people expecting that food, were denied it, thanks to the cold and callous hand of the state.

Every year, after the annual food festivities have finished, selfless volunteers round up thousands of pounds of leftovers from the massive cookoff and prep them for distribution to the less fortunate. Every year, this has gone off without a hitch — until this year.

After volunteers collected the food to be distributed to the homeless, the same food, which was just deemed safe enough to dish out to the cook-off attendees, was then labeled for destruction by Kansas City Health Inspectors.

Webmaster's Commentary: 

"If those homeless people want to eat, LET THEM GO TO THE SUPERMARKETS AND BUY FOOD!!!!" -- Official White Horse Souse

Nov 08 06:42

McDonald's sues Florence for $20 mn after city blocks restaurant

Hard on the heels of stoking anger over plans to open a restaurant in the Vatican, McDonald's has filed a $20-million lawsuit against Florence for blocking a proposed outlet in the city's most revered square.

Nov 08 06:22

4 Year Proposition? - Next President Has To Contend With Obama's Massive Debt Burden At "Epic Turning Point"

Whoever wins the 2016 presidential election tomorrow night could be in for a rough 4 years in the White House courtesy of the gigantic debt burden amassed by Obama over the previous 8 years. While an accommodative monetary policy, including seemingly unlimited treasury buying by the Fed and foreign governments, has suppressed the budget impact of Obama's ballooning federal debt balance, as Ed Yardeni told Bloomberg, "one shudders to think what would happen if rates actually ever did go back to normal.”

“We’ve really got ourselves into a pickle here,” said Edward Yardeni, president of Yardeni Research Inc. in New York, who’s been following the bond market since the 1970s. “All these years we’ve been kicking the can down the road, and suddenly we’re seeing a brick wall.”

Nov 07 11:11

Increased Poverty in 96% of U.S. House Districts, During Obama’s Presidency

On November 3rd, Morning Consult’s Jon Reid bannered, “Poverty on the Rise in Nearly All House Districts” and he reported that, “A Brookings Institution study, released less than a week before the election, shows that the number of people living in poverty has increased in 96 percent of congressional districts between 2000 and 2010-2014.”

That finding fits along with others, such as that the economic ‘recovery’ after Barack Obama came into the White House in 2009, went virtually entirely to the very rich.

Webmaster's Commentary: 

Expect the numbers to worsen, for poor and middle class Americans, under a Clinton Presidency.

Nov 07 10:51

"The Money Has Vanished": Tesco Bank Halts Online Payments After Cash Taken Out Of 20,000 Accounts

While we doubt this particular intrusion will be blamed on Russian hackers, thousands of British citizens were unable to access their money today when Tesco Bank, the lending arm of the U.K.’s biggest grocer, said it suspended online transactions after about 20,000 customers had money fraudulently taken from their accounts. Tesco Bank has more than 7 million customer accounts in total across a range of products like insurance and mortgages.

Nov 07 10:05

AMERICA'S RULING ELITE HAS FAILED AND DESERVES TO BE FIRED

The sole output of America's Establishment/Ruling Elite is self-serving hubris.

America's Ruling Elite is freaking out because a significant percentage of the American public is trying to fire them. The Ruling Elite has failed and deserves to be fired, and deep down, they know it--and this awareness of their self-serving failure fuels their panic and their loathing of the non-elite Americans who are trying to fire them.

If you think this chart of soaring student loan debt is a sign of "success," you are 1) delusional 2) protected from the dire consequences of this failure 3) getting your paycheck from this failed system. That in a nutshell is the state of the nation: those who are protected from the consequences of failure are loyal to the Establishment, as are the millions drawing a paycheck from systems they know are irredeemable failures.

Webmaster's Commentary: 

These one percenters have overturned this nation, making it no longer the United States of America, but the United States of Anxiety, where the jobs which used to be the bedrock of this nation's middle class have been offshored/outsourced to the point where many of them are scrambling between several minimum wage jobs, and working horrifically long hours, but which cannot pay the bills, let alone medical insurance.

As cnsnews.com reported this last June:

A record 94,708,000 Americans were not in the labor force in May -- 664,000 more than in April -- and the labor force participation rate dropped two-tenths of a point to 62.6 percent, near its 38-year low, the Labor Department's Bureau of Labor Statistics reported on Friday. When President Obama took office in January 2009, 80,529,000 Americans were not participating in the labor force; since then, 14,179,000 Americans have left the workforce -- some of them retiring and some just quitting because they can't find work.

Apparently, those people who have "given up trying" to find a job are not counted by the US Bureau of Labor Statistics, because they have been unemployed "too long to actually matter."

I would like to strongly suggest that these people are NOT irrelevant, and absolutely worth counting, to get a true figure of the staggering scope of the unemployment problem in this country.

Nov 07 07:46

Not Markets Alone But Creativity And Innovation For Development

As human beings, we are naturally social and creative. The inherent curiosity that drives us to innovate is ultimately a testament to the creative impetus that resides within all of us. And the richness and flexibility of human behavior, including our capacity for cooperation and adaptation, further allow us to envisage and create a world that far outstrips the current economic and political models many regard as immutable and take for granted. Consider the standard economic model of human behavior, which holds that we are naturally self-important, rational consumers, simply striving to achieve maximum individual utility.

Nov 07 07:22

Not Your ‘Average’ Test For Stocks Here

Nov 06 23:19

‘Significant damage’ in key US oil hub Cushing after 5.0 quake shakes central Oklahoma

A 5.0-magnitude earthquake struck some 2km west of the town of Cushing, Oklahoma, causing serious structural damage to downtown area and power outages. The town is a major hub in US oil supply with its 13 pipelines pumping millions of barrels a day.

Nov 06 13:33

A Digital 9/11 If Trump Wins

Brace yourselves folks. The Globalists are trembling in their boots.

It is a green light for a coup d’état by the Deep State forces who found that they could not win through the “normal” rigging methods.

There are disturbing signs that a digital 9/11 terror attack is being readied for election day in the US to ensure that Donald Trump does not win.

Such an attack – involving widespread internet and power outage – would have nothing to do with Russia or any other foreign state. It would be furnished by agencies of the US Deep State in a classic “false flag” covert manner. But the resulting chaos and “assault on American democracy” will be conveniently blamed on Russia.

Nov 06 11:03

Poverty Rose In 96% Of U.S. House Districts, During Obama’s Presidency

On November 3rd, Morning Consult’s Jon Reid bannered, “Poverty on the Rise in Nearly All House Districts” and he reported that, “A Brookings Institution study, released less than a week before the election, shows that the number of people living in poverty has increased in 96 percent of congressional districts between 2000 and 2010-2014.”

Nov 06 08:22

THE OIL-GAS WAR OVER SYRIA, IN MAPS

Turkey’s Anadolu News Agency, though government-run, is providing remarkably clear and reliable diagrammatic descriptions of the current status of the U.S-and-fundamentalist-Sunni, versus Russia-and-Shia-and-NON-fundamentalist-Sunni, sides, in the current oil-and-gas war in the Middle East, for control over territory in Syria, for construction of oil-and-gas pipelines through Syria supplying fuel into the world’s largest energy-market: Europe. Russia is now the dominant supplier of both oil and gas, but its ally Iran is a Shiite gas-powerhouse that wants to share the market there, and Russia has no objection. Qatar is a Sunni gas-powerhouse and wants to become the main supplier of gas there, and Saudi Arabia is a Sunni oil-powerhouse, which wants to become the major supplier of oil, but Saudi oil and Qatari gas would be pipelined through secular-controlled (Assad’s) Syria, and this is why the U.S.

Webmaster's Commentary: 

Yet another sterling example of the reality of Karl Marx's statement: "All wars are economic."

This has ZERO to do with humanitarian assistance to the Syrian people, and EVERYTHING to do with money from pipelines, where the oil goes, and in what national denomination is is sold.

Nov 06 04:17

Civil War II - Fourth Turning Is Intensifying (Part 1)

“History offers even more sobering warnings: Armed confrontation usually occurs around the climax of Crisis. If there is confrontation, it is likely to lead to war. This could be any kind of war – class war, sectional war, war against global anarchists or terrorists, or superpower war. If there is war, it is likely to culminate in total war, fought until the losing side has been rendered nil – its will broken, territory taken, and leaders captured.” – The Fourth Turning – Strauss & Howe -1997

Nov 05 20:53

Health department defends bleaching of American Royal barbecue, future feedings in jeopardy

A food Nazi! Hungry people go without food so this POS can justify his phony baloney job! I guess this scrooge is anticipating a Hillary win!

KANSAS CITY, Mo. -- For decades groups have worked to collect leftover food at American Royal's World Series of Barbecue and give it to needy families. But it now appears that could have to come to an end.

The Kansas City Health Department ordered 700 pounds of barbecue it found from the event at a community food kitchen Wednesday to be tossed in dumpsters and covered in bleach. That figure now stands at more than 4,000 pounds as all food collected from the annual event has been destroyed.

“All of that food was uninspected, so that makes it from an unapproved source, it can not be served to the public," Kansas City Health Department Operations Manager Joe Williamson said.

Nov 05 12:38

The billion-dollar gold rush to tap into Iranian oil

Another obstacle is Iran's new model oil contract. Iran's oil ministry took more than two years to draft the new model, which continues to face political opposition from conservative hardliners. Up until now, investors have operated under short-term, fixed-fee contracts called buybacks that give them no share in the profits. The new system allows foreign oil majors to form joint ventures with Iranian companies and participate in production activity. They were previously limited to exploration and development. The change gives foreign firms the opportunity to improve ultimate recovery and reap higher returns by coordinating early stage output and using advanced methods to squeeze oil and gas from maturing fields.

Nov 05 12:26

More Bad News for the Pensioners

Nov 05 10:33

'US Empire' Will 'Attack Countries' to Maintain Economy, Under Clinton or Trump

The United States that has imperial ambitions will continue to favor military resolutions to the conflicts waging wars to maintain its economy and military posture regardless of who becomes the next president, a newly elected member of the Icelandic Parliament from the Pirate Party of Iceland told Sputnik.

Nov 05 10:01

Russia and Greece plan to circumvent sanctions, launch joint projects

During Russian Foreign Minister Sergey Lavrov’s visit to Greece, the development of plans for bypassing the anti-Russian sanctions was discussed. This has been reported by Izvestiya newspaper with references to a source in foreign policy circles.

During the meeting, Russia and Greece recognized the negative consequences of the anti-Russian sanctions imposed by the EU and the responsive embargo.

Nov 05 09:39

The Coming Plague of Poverty Among the Elderly: Clinton’s Plan For Gutting Social Security

Hillary Clinton’s speeches to the captains of finance strongly imply that she would resume the project of privatizing Social Security. Hers will be a gradual, stealth approach.

Nov 05 08:33

How Bitcoin Can Help Gaza

A few weeks ago I was watching a show produced by the Viceland Channel. The show episode was titled, "The Tunnels of Gaza" from the Black Market Dispatches series.

During the show the journalist(Dina Amer) had gone to Gaza to enter and report on the tunnels. She spoke to a number of Palestinians living near the tunnels about life there and the Israeli pressure to break Gaza's economy...

Nov 05 08:21

CIVIL WAR II – FOURTH TURNING INTENSIFYING (PART I)

As we enter the final stretch of this vitriolic, deplorable, venomous, propaganda saturated, deceitful, rigged presidential election spectacle, it becomes painfully obvious this Fourth Turning is careening toward bloodshed, bedlam, confrontation, and civil war. The linear fixated establishment, who fancy themselves intellectually superior to the irredemables, are too blinded by their sociopathic, increasingly audacious subversion of the Constitution, to grasp the level of rage and disillusionment of a white working class that has been screwed over for decades.

Nov 04 18:09

Federal Election Commission (“FEC”) Is Another Example of a Lazy Corrupt Agency

“FEC” are refusing to even look into the rampant examples of election fraud plaguing the current Presidential Election, with Hillary Clinton and her operatives.

n yet another dereliction of duty by a federal agency, the Federal Election Commission (“FEC”) has been noticeably silent, if not completely non-existent, regarding the whirlwind of allegations pertaining to widescale election fraud, cheating, and active interference by the Democratic National Convention (“DNC”), the Clinton Foundation, Democratic Operatives Donna Brazile, John Podesta, and Debbie Wasserman Schultz, and countless others.

Nov 04 17:25

Stock Options Traders Grow Their Hedges

Nov 04 14:07

Multiple Jobholders Hits 21st Century High, As Full-Time Jobs Tumble

While today's headline jobs print was somewhat disappointing, with the Establishment Survey missing the expected print of 173K, rising by 161K, it was offset by upward revisions to previous months. But while the quantitative headline aspect is open to interpretation, the qualitative component of the October jobs print was - just like in the case of September - all too clear: it was ugly, again.

Recall that in September, the Household Survey revealed that the number of part-time workers soared by 430,000 as full-time workers actually declined by 5,000. The trend continued in October, when another 103,000 full-time jobs were lost, which was offset by a 90,000 increase in part-time jobs. In other words, the transition to a part-time worker society appears to have resumed after a hiatus.

Webmaster's Commentary: 

The economy CANNOT be doing well, looking at numbers like this....

Nov 04 13:07

BILL CLINTON & BARACK OBAMA PUSHED AUSTERITY DEAL IN GREECE

Podesta emailed Clinton requesting that he put pressure on Greek Prime Minister Alexis Tsipras into accepting the EU’s austerity-debt deal.

RT reports:

WikiLeaks released the correspondence dated 10 July 2015, in which Podesta wrote to Bill Clinton’s chief of staff Tina Flournoy, asking if the former president could talk to Greece PM Alexis Tsipras.

“White House asked me whether WJC had enough of a relationship with PM Tsipras to call him and counsel him to make a deal,” he said.

Flournoy responded saying Clinton would call, but that his “immediate question is – are we pushing Merkel too?”

At the time, Greece had rejected austerity measures imposed by Europe and the IMF following the global financial crisis.

It was threatening to default on its debts and leave the EU after five years of harsh austerity. In the days before the emails, Tspiras had told his people to “say no to ultimatums, no to blackmail.”

Greeks obliged and voted to reject the deal on July 5.

Webmaster's Commentary: 

This deal was great for the EU and the bankers, but lousy for the people of Greece.

Nov 04 08:36

Rising Yields Are A Headwind For Gold

Nov 04 06:58

Saudis Brace for Bankruptcy, Bring Dramatic Measures to Public Sector

A two-year drop in oil prices has inflicted a dramatic blow to the economy of one of the world’s richest countries. If no changes are made, Saudi Arabia, according to some Saudi experts, will go bankrupt in three to four years.

Nov 04 06:52

U.S., EU sanctions illegitimate: Russian Ambassador to N.Korea

Russia’s Ambassador to North Korea has said he does not consider U.S. and EU sanctions on North Korea legitimate at a press conference in Pyongyang on Wednesday.

Nov 03 15:04

Wall Street And The Pentagon

Wall Street and the Pentagon greeted the onset of 2016 as a ‘banner year’, a glorious turning point in the quest for malleable regimes willing to sell-off the most lucrative economic resources, to sign off on onerous new debt to Wall Street and to grant use of their strategic military bases to the Pentagon.

Nov 03 14:43

Rising Rates Reaching Resistance?

Nov 03 14:27

US Economy - Are We Approaching the Peak?

Nov 03 13:18

Major Shrinkage at The Wall Street Journal

Yet another indication of the hard times facing mainstream newspapers. The Wall Street Journal has just announced that it is going to combine several sections. Five now standing separate sections will be combined into two.

Nov 03 12:41

HERITAGE COLLEGE CLOSING ALL 10 OF ITS CAMPUSES

Nov 03 12:23

REUTERS TO CUT 2,000 JOBS…

Nov 03 11:36

OFFICE DEPOT TO CLOSE 65 STORES IN Q4

Nov 03 08:27

Blame government, not markets for monopoly

Corporate mergers and “hostile” takeovers can promote economic efficiency

Nov 03 06:13

State Department Denies Asian Countries Are Aligning With China, Awkward Moment Follows

Associated Press reporter Matt Lee has once again exposed the ignorance and propaganda spewing of the State Deparment as spokesman John Kirby struggled Tuesday when he debated over the number of Asian countries that are now aligning with China instead of the United States.

As The Washington Free Beacon's Jack Heretik reports, after Malaysia signed multiple new deals with China this week, including the purchase of ships and a railroad line, questions began to swirl if Malaysia was aligning more with China. The Philippines announced last month its intention to forge closer ties with China and move away from the U.S.

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