ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jan 26 13:06

US Stocks Are Now the Most Overpriced Since the 2000 Crash

On March 30, 1999, the Wall Street Journal’s front page headline blasted the good news across the world:

“Dow Industrials Top 10,000”

Jan 26 12:19

Donald Trump announces plan to hammer Big Pharma monopoly profits by requiring competitive bidding

During his first press conference as president-elect, Donald Trump unveiled how he plans to remove himself from his family’s business dealings to avoid any appearance of a conflict of interest while president. He also railed against the pharmaceutical industry, which he boldly described as “getting away with murder,” as he called for “new bidding procedures” to lower drug costs and presumably end the Big Pharma monopoly that has been strangling American healthcare for decades.

Jan 26 12:09

Ford hourly US workers to get $9,000 profit-share bonus

US car giant Ford has made its second-best annual pre-tax profit to date of $10.4bn (£8.26bn).

The figure means its 56,000 hourly US workers will receive an average $9,000 profit share, based on the profit made in North America.

Jan 26 12:02

UK economy grows by 0.6% in fourth quarter

Strong consumer spending helped the UK's economy to grow faster than expected at the end of last year.

Jan 26 11:45

Switzerland’s Gold Exports To China Surge To 158 Tons In December

Switzerland’s Gold Exports To China Surge To 158 Tonnes In December

Jan 26 10:47

Rough start in 2017 for the U.S. beef packers

Thanks to limiting animal supplies and halfhearted demand, companies including Tyson Foods Inc., the largest U.S. meat processor, and Cargill Inc. are facing plummeting profits per head of cattle they slaughter.

Jan 26 10:35

George Soros bets against ING bank accidentally leaked by bungling Dutch regulator

The financier is famed for so-called shorting - a gamble that an investment will go down in value, seeing investors sell their stocks in advance of acquiring them in a bid to make a profit as they price falls.

Only larger bets are supposed to be made public, but a blunder by the AFM watchdog meant smaller short positions against Dutch banks were published on its website.

The records showed Mr Soros had bet against the Dutch bank ING, according to the Financial Times.

It follows his larger public positions against Germany's Deutsche Bank.

Jan 26 10:11

Abu Dhabi vending machine spits out real gold

Abu Dhabi hotel has installed a gold vending machine that dispenses bars and coins, making it the first place to boast a permanent ATM for bullion.

Jan 26 10:05

Oil Price Meltdown – Is Trump Setting The Oil Markets Up For Another Bust?

President Donald Trump signed several executive orders this week intended to juice the American energy sector, calling for expedited environmental reviews and the advancement of the Keystone XL and Dakota Access Pipelines. He also is trying to erase any sign of climate change by scrubbing government websites of climate data and even any mention of the phrase. No doubt more directives will be forthcoming in the next few days, not to mention the regulatory actions his agencies – EPA and Interior chief among them – will take to remove all restrictions on oil and gas drilling once his nominees get into place.

Webmaster's Commentary: 

Part of the global warming hoax was a plan to crush the prices of oil and coal stocks so they could be purchased cheaply, but Trump has spoiled that part of their plan.

Jan 26 09:54

Restoration of Constitutional Money

Since 1862 with the passage of the Legal Tender Act Congress
began forcing the people to use counterfeit money to acquire the goods and services they wanted.

According to the Constitution the only lawful money is Gold and Silver. Paper money that is backed by gold and silver is lawful money, paper dollars not backed by gold and/or silver are counterfeit currency.

Real money represents wealth while the fiat currency issued by the Federal Reserve represent debt. Federal Reserve Notes printed out of thin air and represent an obligation to pay the Federal Reserve for the use of the paper currency plus interest.

Jan 26 09:33

Bill King: “Trump is a Common Sense Revolution & China, Japan and the Fed in BIG TROUBLE”

Trump is a major provocation to the global system, uncertainty prevails. The markets are smelling inflation in here and the Fed is way behind the curve. “I really like gold in here”…the rest of the world does too.

Jan 26 09:08

Trump hangs portrait of Andrew Jackson in Oval Office

President Trump hung a portrait of Andrew Jackson in the Oval Office on Tuesday, The New York Times reports, an apparent nod to the populist sentiments of the new administration.

Trump's rise has often been compared to the populist election of Jackson, including by some of the new president's own team.

Webmaster's Commentary: 

That has to be a worrying sign for the Federal Reserve, given Jackson's war on the Second Bank of the United States!

Jan 26 07:53

GREXIT LOOMS: Employers union predicts Greece to QUIT EU as Tsipras races to boost economy

Anger is mounting over Mr Tsipras performance as far ranging cuts continue to hit the economy hard.

And just this week the Federation of Greek Enterprises (SEV), Greece's largest employers' association raised the spectre of Grexit once more.

Jan 26 07:48

Top 100 Big Rig Bottlenecks On U.S. Interstates

The American Transportation Research Institute has published the top 100 commercial vehicle bottlenecks in tbe country. These are roadways which are consistently the most jammed-up across America. The states with the most bottlenecks include California, Texas, Washington, Minnesota, Ohio, Tennessee, Georgia, Pennsylvania, New York, and Connecticut. The group notes "Congestion costs the economy. ATRI research identified trucking industry costs of $49.6 billion as a result of congestion on the nation's highways. That cost generates from 728 million lost hours at industry productivity, the equivalent of 264,500 truck drivers sitting still for an entire year."

Jan 26 07:42

'The pound is IRRELEVANT' German financial giant Deutsche Bank in shocking Sterling swipe

Britain's currency is permanently tarred after the UK voted to leave the European Union (EU), according to one of the bank's foreign exchange strategists.

As a result, the pound is set to lose its prized status as a leading international safe haven currency, said Robin Winkler.

Sterling is currently among one of the world's top so-called reserve currencies, along with the US dollar, Japanese yen and the euro.

Jan 26 06:49

Is It Just A Coincidence That The Dow Has Hit 20,000 At The Same Time The National Debt Is Reaching $20 Trillion?

The Dow Jones Industrial Average provides us with some pretty strong evidence that our “stock market boom” has been fueled by debt. On Wednesday, the Dow crossed the 20,000 mark for the first time ever, and this comes at a time when the U.S. national debt is right on the verge of hitting 20 trillion dollars.

Jan 26 06:19

AMERICA'S WATER WARS - CONFLICT IS COMING

On January 16, 2016, President Obama declared a federal emergency for the city of Flint, Michigan, over the contamination of the city’s drinking water. One year later, not only is the city still struggling to provide clean sources of water to the Michigan city’s population, but the plight of residents in Flint has opened up the conversation about a water crisis in the United States that very few people even knew existed.

Jan 26 04:40

BUBBLE

We look through the history of market bubbles in this video to illustrate what happens to investors every time this tragedy occurs.

Jan 26 04:15

WINNING!!! TRUMP JUST MET WITH TOP BUSINESS LEADERS AND MADE A PROMISE THAT WILL SAVE OUR JOBS!

"Danny Gold for Liberty Writers reports, President Donald Trump is the man with the BIG plan. Today he sat down with the Titans of American industry and made them 2 promises that will get

Jan 25 19:28

Martin Armstrong on Capital Flows, Market Bubbles, and the Road Ahead

This time on FS Insider, we spoke with Martin Armstrong of Armstrong Economics, a widely-followed market strategist, forecaster, historian, and creator of the popular Economic Confidence Model, which is also sometimes referred to as the Pi Cycle.

Jan 25 18:13

Blockchain - Central Banks Banking On It As Debase Currency

Blockchain – Central Banks Banking On Blockchain

“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust …”

Jan 25 18:05

Soros, MasterCard Launch Venture to Profit from Mass Migration

Billionaire activist and arch globalist George Soros just won’t let his dream of a borderless, cultureless world free of Western values die. Soros is partnering with MasterCard Inc. to create Humanity Ventures, with the ostensible purpose of improving the lives of migrants through investments in education and health care, and fostering economic development in migrant communities.

Jan 25 15:30

Buy 'Made in the USA'

Devvy receives no compensation in any form for listing these companies.
There are no advertising fees paid to Devvy for this free listing service.

There is no charge to list these companies and resources.
They are listed because we believe in America's workers
and want to keep them employed.

Jan 25 15:29

Global Correlations Have Crashed

In a recently published report Morgan Stanley highlights the massive and simultaneous drop in regional, cross-asset, individual stock and FX correlations, which is unusual and hasn’t been this severe in over a decade.

Jan 25 15:22

Want to Bring Back Jobs? It's Impossible Unless We Fix these Four Things

It's your choice, America--you can keep your cartels and the captured government that enables and protects them, or you can fix what's broken and unaffordable.

Jan 25 14:21

As The Economy Deteriorates,The Elite Push Their Agenda As Trump Makes His Move

The EU continues to road block the BREXIT plans, now parliament will need to vote. Trump has brought corporate owners together to bring jobs back as the economy falls apart.

Jan 25 13:16

The student loan crisis is even worse than we knew

The burgeoning student loan crisis is far worse than we knew…

Jan 25 13:16

Why Gold Can Move Up In Coming Days?

Investors looking for safe havens may find solace in precious metals. If Marc Faber is to be believed, gold will shine in the next 3-6 months.

Jan 25 12:51

"The Greater Depression" - Comparing The 1930s And Today

You've heard the axiom "History repeats itself." It does, but never in exactly the same way. To apply the lessons of the past, we must understand the differences of the present.

Jan 25 12:50

Struggling Tech Boom as seen through San Francisco’s office space market, which had its worst year since 2009.

“Despite a flurry of leases to end the year, 2016 was the weakest year for transaction activity since 2009,” said Colin Scanlon, Research Manager, at Savills Studley, in the report on the San Francisco office sector. “Anemic demand and a deep pool of sublet space have finally brought rental rate growth to a halt.”

Jan 25 12:33

What’s Happening with Subprime Auto Loans?

Jan 25 10:11

Inflation: Here's What the Wrong-Way Bet Looks Like

Why focus on expectations of inflation? Because, those expectations are detached from reality. The inflated fear of inflation is a contrary signal. Investors are betting on the wrong 'Flation.

Jan 25 09:45

Dow breaks the 20,000 Barrier

While every story you read from the press is negative about Trump and one in every three California residents supports the withdrawal from the union, according to a new Reuters, the stock market presses to new highs now that Trump is in office without being assassinated by Democrats who refuse to be American first. The Dow has pushed through the 20,000 mark, which is physiological.

Jan 25 09:45

Here Is The List Of Donald Trump's "Priority" Infrastructure Projects

With the topic of infrastructure investing dominating today's newsflow after the NYT report that Democrats would support Trump if he endorsed their propsed list of some $1 trillion in infrastructure projects, which would create as many as 15 million jobs, the Kansas City Star and The News Tribune have compiled a presentation - based on internal White House documents - of about 50 infrastructure projects nationwide which comprise the "priority list" for US infrastructure projects in the coming years.

Jan 25 09:37

How Central Bank’s Policies Are Going to Hurt Investors in Coming Days

Central Banks across the world started investing in equities when yields fell.

Jan 25 09:36

Rough sleeping rises at appalling rate, charity says, as figures show 16% rise

More than 4,000 people a night have been sleeping rough on England's streets, a 16% increase on last year.

Jan 25 09:29

Precious Metals Rally on Trump Swearing-In. Now What?

Gold and silver are off to a good start in 2017, advancing again last week into Donald Trump’s inauguration.

Jan 25 09:18

WASHINGTON BILL WOULD MAKE IT ILLEGAL TO PAY FOR WEED WITH BITCOIN

Cannabis may be among the country's fastest growing industries, but its status as a Schedule I controlled substance under federal law poses an inconvenient discrepancy with more liberal state policies. It's well known that pot businesses have used digital currency, like bitcoin, to work around the issue of banking and use of credit cards, given that most financial institutions, complying with federal law, will not service green industry folk. But now, in Washington state, even that's under fire.

Jan 25 09:07

Mnuchin Backs Fed Independence and Signals Reform Isn’t Priority

U.S. Treasury Secretary nominee Steven Mnuchin isn’t jumping on the Republican bandwagon to audit the Fed.

Jan 25 07:58

Dow Jones Industrial Average hits 20,000 for first time ever

The US premier stock index the Dow Jones Industrial Average hit the 20,000 point milestone for the first time on hopes US President Donald Trump’s administration will boost infrastructure spending.

Webmaster's Commentary: 

Jan 25 07:58

Historical Official Records Reveal Gold’s Value Should Be 20 Times Higher

According to historical official records, the price of gold should be 20 times higher than the current market price. While many precious metals investors have heard about the revaluation of gold to back the outstanding fiat currency, my analysis focuses on monetary gold stocks versus global GDP (Gross Domestic Product).

Jan 25 07:45

During The Trump Era, Will Men Finally Start Acting Like Men Again?

One of the primary reasons why Donald Trump is in the White House today is because he didn’t act like a typical wimpy politician during the campaign. The American people were hungry for someone who is strong, someone who is a fighter and someone who will stand up for what he believes.

Jan 25 07:09

Trump signs five more orders on pipelines, steel and environment

"This is about streamlining the incredibly cumbersome, long, horrible, permitting process"

President Trump signed five more executive actions Tuesday in a blitz of executive power meant to speed approvals of high-profile energy and infrastructure projects, including two controversial pipeline projects in the upper Midwest.

Trump signed two presidential memoranda intended to expedite the Keystone XL and Dakota Access pipelines, but also signed three more longer-term and sweeping directives requiring American-made steel and changing the process of approving and regulating future pipeline and infrastructure projects.

Jan 25 03:08

2017’s Real Milestone (Or Why Interest Rates Can Never Go Back To Normal)

Forget about NAFTA or OPEC or TPP or crowd size or hand size or any other acronym or stat or concept that obsesses the financial press these days. Only two numbers actually matter.

Jan 25 02:57

Bitcoin Trade Volume EXPLODES in Japan

Jan 24 20:40

Bill Holter: Submit Your Questions for an Interview This Week (Video)

In a survey conducted by CNBC for the fourth quarter, the survey found that the percentage of Americans who believe the economy is going to get better in the next year jumped an unprecedented 17 points to 42 percent after Donald Trump’s victory, when compared to surveys taken before the election results were known. Right now, it’s hard to deny that much of the country is experiencing what has sometimes been referred to as “Trumphoria,” but is the feeling people are experiencing a safe one?

Jan 24 18:02

MEXICO READY TO QUIT NAFTA IF US TALKS FAIL

Jan 24 17:22

China and Japan's US Treasury Debt Holdings Fall, Russia's Increase

According to the latest reports for November, China’s holdings of the US Treasuries decreased for the sixth month in a row.

Jan 24 17:03

Why The World Economy Is Likely To Collapse (In 1 Simple Chart)

No difficult economic terms, no tough charts, just simple math.

Jan 24 16:42

China’s Real Estate Bubble; A Warning Sign For The Global Economy

China, which still is the biggest contributor to global growth, has been looking shaky for a couple of years now.

Jan 24 16:38

Big Shrink to “Hire” 25,000 in the US, as Layoffs Pile Up

IBM is in trouble and desperate hype is apparently required.

Jan 24 15:58

Davos Elite Admit Globalization Is A Failure

Elites at the World Economic Forum’s annual meeting in Davos, Switzerland, spent the week bickering about how best to address the rejection of globalization and the upending of the New World Order, a debate made doubly urgent for the terrified globalists by upcoming elections in Europe this year where anti-establishment parties stand to gain more ground.

Jan 24 15:39

Hang Seng Hitting A Hurdle?

Jan 24 15:27

TOYOTA ADDING 400 JOBS, $600M AT INDIANA PLANT

Jan 24 15:18

The Last Two Times The 'SKEW' Was This High The Market Plunged

IBM promises to hire 25,000 employees as they continually layoff employees. Trump signs 3 executive orders, dumping the TPP, federal hiring freeze and limiting abortion funding overseas.

Jan 24 14:51

Cheap debt that fueled U.S. property boom is set to mature – more delinquencies expected; How far will the damage spread?

A $90 billion wave of maturing commercial mortgages, leftover debt from the 2007 lending boom, is revealing the weaker links in the U.S. real estate market.

Jan 24 12:22

THE 10 STATES AMERICANS FLED FROM IN 2016

Jan 24 11:33

Why The Keystone Pipeline Will Actually RAISE Gas Prices In the U.S.

Big Oil Is Gaming the System to Raise Domestic U.S. Prices

Bloomberg notes:

Completion of the entire [Keystone] pipeline would raise prices at the pump in the Midwest and Rocky Mountains 10 to 20 cents a gallon, Verleger, the Colorado consultant, said in an e-mail message.The higher crude prices also would erase the discount enjoyed by cities including Chicago, Cheyenne and Denver, Verleger said.

CNN Money reports:

Gas prices might go up, not down: Right now, a lot of oil being produced in Canada and North Dakota has trouble reaching the refineries and terminals on the Gulf. Since that supply can’t be sold abroad, it reduces the competition for it to Midwest refineries that can pay lower prices to get it.

Giving the Canadian oil access to the Gulf means the glut in the Midwest goes away, making it more expensive for the region.

Jan 24 11:14

1% Majority?

Hold the phone! Since when is 1% of anything relevant at all? What’s that, the chance of winning the multi-million dollar jackpot in Vegas? This is some kind of popular movement? I had to re-read the thing because I thought it was a joke. But, no, when 1 out of 100 Americans do something, it must mean a majority approves, right? But why do they think this? Because the media is used to reporting on special interest groups’ various whine-fests as if they reflected a majority opinion.

Jan 24 10:45

ANGRY FARMERS SPRAY MILK POWDER ALL OVER EU SUMMIT - Protest Over Milk Powder Prices

Dairy farmers protesting low milk prices sprayed a tonne of milk powder onto a building used by EU leaders for summits in Brussels

They said a planned sale of milk powder stocks would depress prices in Europe and abroad.

Jan 24 09:19

The Protected, Privileged Establishment vs. The Working Class

Meanwhile, back in reality, household income for the bottom 95% has declined while the owners of capital and their privileged, protected servants in the Establishment have gorged themselves on private wealth.

Jan 24 09:19

Mexican Protesters Seize Control Of U.S. Border Crossing In Tijuana

Protesters took control of vehicle lanes at one of the busiest crossings on the U.S. border Sunday to oppose Mexican gasoline price hikes, waving through motorists into Mexico after Mexican authorities abandoned their posts.

Jan 24 09:17

This Chinese Province Says It Faked Fiscal Data for Several Years

The rust-belt province of Liaoning fabricated fiscal numbers from 2011 to 2014, local officials have said, raising fresh doubts about the accuracy of China’s economic data just days ahead of the release of the nation’s full-year growth report.

Webmaster's Commentary: 

China is picking up bad habits from the US Government!

Jan 24 08:47

Spanish bankers sent to jail in landmark ruling

A Spanish court has jailed five former executives who got millions in severance pay from a struggling bank that later had to be nationalised, a first in a country still reeling from banking bailouts.

Webmaster's Commentary: 

We need some of that here!

Jan 24 08:22

Accountancy giant that signed off Rolls Royce's accounts as it bribed its way around the world faces its own investigation 

KPMG was the auditor for Rolls-Royce during almost all of the 24-year period in which employees secretly paid off middlemen and officials in 11 developing countries to win lucrative business.

Last week Rolls agreed to pay £671-million in total to UK, US and Brazilian authorities to settle the allegations of bribery, false accounting and corruption from 1989 to 2013 in countries including Russia, Iraq and China.

Jan 24 08:18

Farmers Protesting EU Policy Spray Milk Powder on EU Council HQs in Brussels

Milk producers from EU member states, protesting against EU policy related to the dairy sphere, spread a tonne of milk powder onto the headquarters of the EU Council in Brussels on Monday, a Sputnik correspondent reported.

Jan 24 07:39

Employment Boom: 10 Companies That Have Promised To Add Jobs In The United States Since Trump Was Elected

One of the primary things that Trump’s presidency will be judged upon is his ability to encourage the creation of good paying jobs for American workers, and so far the results have been quite promising.

Jan 23 19:49

How Will Canada Do in Trump’s USA First World? Michael Rivero - January 23, 2017

Jan 23 18:05

Money Velocity: What the Latest Numbers Tell You

Despite the Fed's stimulus efforts, inflation remains subdued. The trend in money velocity -- the rate at which money changes hands in the economy -- is not what one might expect during a bull market. One bond manager points to high-debt levels.

Jan 23 16:33

ORACLE LAYS OFF MORE THAN 1,000 EMPLOYEES

Jan 23 16:33

It’s Austerity, Not Globalization, That Pulls European Workers To The Right

Both the Washington Post (1/22/17) and New York Times (1/22/17) had pieces about declining support for the left in France and the rise of a nationalist right in both Italy and France. Both pieces attributed the rise in support for the right to people losing from globalization, implying that this is some impersonal process that is causing these people to be losers.

In fact, the losers are suffering because of the insistence of the European Union that its members pursue austerity policies.

Jan 23 16:03

Why GOLD STOCKS are about to FOURFOLD

Most readers know by now, that we are very optimistic about the future prospects of the gold arena, and gold stocks in particular.

Jan 23 15:57

Job Creation Could Fall off a Cliff in the Months Ahead

Let’s do a quick thought experiment…

Imagine you’ve got two people in the workforce. Let’s say one is 40 and the other 65.

When both are gainfully employed, the unemployment rate is 0%. We’re enjoying full employment within the labor pool.

Jan 23 15:44

James Howard Kunstler: The World's Greatest Misallocation Of Resources

James Howard Kunstler returns to the podcast this week, observing that despite the baton being handed to a new American president, the massive predicaments we face as a society remain the same. And it seems the incoming administration is just as in denial of them as the old.

Jan 23 14:52

How To Rein In Fractional-Reserve Banking

The so-called multiplier arises as a result of the fact that banks are legally permitted to use money that is placed in demand deposits. Banks treat this type of money as if it was loaned to them, thus loaning it out while simultaneously allowing depositors to spend that money.

For example, if John places $100 in demand deposit at Bank One he doesn’t relinquish his claim over the deposited $100. He has an unlimited claim against his $100.

Jan 23 14:51

The Oil Production Cuts Are Purely Symbolic Marketing Trickery

The OPEC and Non-OPEC Oil Production cuts are actually a joke in the bigger scheme of things, the oil markets have been over supplied for a decade.

Jan 23 14:16

The Collapse of the Left

The Left is not just in disarray--it is in complete collapse because the working class has awakened to the Left's betrayal and abandonment of the working class in favor of building personal wealth and power.

Jan 23 12:56

WESTERN UNION FINED $586 MILLION FOR COLLUDING WITH ORGANIZED CRIME

Western Union admitted it behaved criminally through its "willful failure to maintain an effective anti-money laundering program and aiding and abetting wire fraud," reports Forbes. They've agreed to pay a $586 million fine. From the Forbes article: In a statement from the U.S. Department of Justice and Federal Trade Commission on Thursday, authorities describe insufficient or poorly enforced policies that resulted in the funneling of hundreds of millions of dollars in proceeds from illegal gambling, fraud and drug and human trafficking.

Jan 23 12:40

We Will See ASTRONOMICAL NUMBERS -- Bix Weir

Bix Weir joins me to kick off 2017 and breakdown current events including Trump, Bitcoin and the coming collapse. As for Silver and Gold Bix says, "The numbers that gold and silver will hit when it's out from behind the manipulation are astronomical."

Jan 23 12:33

SETBACK FOR NEOLIBERALISM: TRUMP DUMPS TPP, WILL RENEGOTIATE NAFTA

President Donald Trump reportedly signed executive orders that will remove the United States from the Trans-Pacific Partnership (TPP) and start a renegotiation of the North American Free Trade Agreement (NAFTA). It increases the possibility that the Trump administration will deliver a fatal blow to neoliberal globalization. That such actions came from a Republican president is remarkable given the party’s recent history of support for neoliberalism, though the popularity of “free trade” has considerably diminished among the electorate. Both major party candidates in the 2016 cycle-former Secretary of State Hillary Clinton and Trump-campaigned in opposition to TPP.

Jan 23 12:11

Trump Abandons, Dismantles The TPP!

By Brandon Turbeville

On January 23, 2017 President Donald Trump made clear that the United States is no longer pursuing the horrific trade pact known as the Trans-Pacific Partnership (TPP). In an Executive Order, Trump officially abandoned and disbanded the TPP which the Obama administration, Congressional hacks, Wall Street, and major corporations had worked for eight years to solidify...

Jan 23 11:21

Jim Rickards Economic Collapse Is Predicted In 2017 – US Dollar Crash & Gold Prices To 10K! – Massive 78% U.S. Depopulation

The collapse of the Western financial system will wipe out the standard of living of its population while ending ponzi schemes such as the stock exchange and the pension funds.

Jan 23 11:21

3 Reasons Why Venezuela Crisis Is Scary And It Won’t Be Too Long Before There Is Mass Exodus.

Venezuela’s desperate economic times are not ending anytime soon. The nation entered an economic emergency for the 6th consecutive time under Nicolas Maduro’s leadership.

Jan 23 11:17

China says it is ready to assume “world leadership”, slams western democracy as “flawed”

Over the weekend China used the Trump inauguration to warn about the perils of democracy, touting the relative stability of the Communist system as President Xi Jinping heads toward a twice-a-decade reshuffle of senior leadership posts.

Jan 23 10:46

Too Many People In The World: Names Named

Heading the list of the world’s richest is Microsoft magnate Bill Gates; number three is investor Warren Buffett. The Gates Foundation, bolstered by Buffett’s fortune, is the world’s largest private charity. Without a hint of irony, the foundation’s website describes their vision to “develop strategies to address some of the world’s most challenging inequities.”

Jan 23 10:32

America Continues Under “National Emergency” International Tension or Economic or Financial Crisis.

America Continues Under “National Emergency”

The Executive Order Of ALL Executive Orders

Jan 23 10:00

Trump signs executive order withdrawing US from TPP trade deal

Making good on a campaign promise, President Trump on Monday signed an executive order withdrawing the United States from the controversial Trans-Pacific Partnership trade deal.

Jan 23 09:22

German Press: "That Was No Presidential Speech; That Was A Declaration Of War"

Following yesterday's openly confrontational, deliberately protectionist presidential address by president Trump, which in various circles has been dubbed the "American carnage" speech for obvious reasons, some of Obama's closest foreign friends are scrambling to find a role in a world that has drastically changed in less than 24 hours. One of them is the foreign leader whom Obama spoke to last before vacating the White House, German Chancellor Angela Merkel, who vowed on Saturday to seek compromises on issues like trade and military spending with Trump, adding she would work on preserving the important relationship between Europe and the United States.

"He made his convictions clear in his inauguration speech," Merkel said in remarks broadcast live, a day after Trump vowed to put 'America first'.

Jan 23 08:50

Foreigners Are Dumping U.S. Debt At A Record Pace And Our $20 Trillion National Debt Is Poised To Become A Major Crisis

While most of the country has been focused on the inauguration of Donald Trump, a very real crisis has been brewing behind the scenes. Foreigners are dumping U.S. debt at a faster rate than we have ever seen before, and U.S. Treasury yields have been rising.

Jan 23 08:49

iPhone Maker Moving Towards A $7 Billion Investment in the States

President Trump was elected to bring jobs back to America. He promised he would work with manufacturers to make sure jobs stayed in or came back to the United States. He already delivered on saving hundreds of Carrier jobs, but has indicated that he wants to work with other companies, including those that make the iPhone.

He has held meetings with executives from these companies and there have been preliminary talks of a big investment.

It is more than just talk now.

Jan 23 08:41

Treasury Secretary Mnuchin: Trump IRS Will Collect 100'$ of Million$$$ In Tax Revenue From Tax Evaders

The Senate hearings on Treasury Secretary Steven Mnuchin are very revealing. Mnuchin, who previously worked for Goldman Sachs, says he's concerned and "particularly surprised that the IRS headcount has gone down quite dramatically, almost 30% over the last number of years" amd vows to remedy that problem. In the second video, Munchin says he wants private IRS debt collectors to be more effective. "We can collect tens of millions, or hundreds of millions of dollars, for the American public...particularly in an environment where we are looking for money for so many programs, this to me, seems like a very obvious thing to do." He continues "the majority of Americans voluntarily file their tax returns honestly. But we are all aware that there is tax fraud, and there is tax evasion, and we need to be diligent.

Jan 23 08:33

'You CAN'T leave!' EU threatens France and Italy with MAMMOTH bill if they quit the euro

BRUSSELS has threatened Italy with an almost certainly unpayable bill if the country's citizens take the democratic decision to quit the troubled euro.

EU chiefs said countries looking to axe the unpopular single currency will have to pay back all their debts in one go before they can leave, making such a move massively unaffordable.

The pronouncement comes after prominent politicians in a number of member states including Italy, France, Greece and the Netherlands have all made noises about ditching the euro.

Jan 23 08:04

Keiser Report: Stealing is Legal in America

Webmaster's Commentary: 

... if you are a banker!

Jan 23 00:32

Sidestepping the Military Leviathan: Make Money, Not War

Is Washington really going to start a trade war with China, or is it just huffing and puffing for position? I don’t know. Mr. Trump has inexplicably failed to brief me. A point worth bearing in mind:

The United States cannot compete commercially with a developed Asia, or China.

America has nowhere to go. It is a fully developed economy that cannot grow rapidly if it grows at all. America is also a country of only medium size with a white and Asian population of a bit more than two hundred million who do all the brain work. It has a decaying system of education, declining living standards, and an economy crippled by huge military expenditures.

By contrast China has a billion Han Chinese, intelligent government, a great deal of room to grow and high rates of doing so. The combined land mass, population, and economic potential of Asia are staggering. In differing degrees, Asian nations are growing.

Jan 22 16:28

Davidowitz: Brick-and-Mortar Retail an "Absolute Train Wreck"

We’ve seen substantial carnage in the retail space in the past few weeks with a pick-up in store closings and layoff announcements.

Jan 22 14:35

Trump Energy Policy: President-Elect Considering Controversial Privatization Of Oil And Gas On Native American Reservations

Water,Air,Sunshine and Natural Resources on the Tribal People's land or on the American people's land should not be privatized for solely private gain.
They are a Public Utility. The Indians and the American people should get a cut and the private interest's should get a cut and the government should get a cut. Alaskans used to get a check every year on oil extracted in Alaska. We need to do that nationwide. Privatizing water and natural resources is a bad thing. Private interests should never control public water supplies. I want my cut!

Opponents of the Dakota Access Pipeline route in North Dakota may have won a victory this week, but Native Americans may have an even bigger fight on their hands if advisors to President-elect Donald Trump get their way.

Though American Indian reservations comprise just 2 percent of the U.S. land mass, they may contain as much as 20 percent of the nation’s oil, gas and coal reserves worth an estimated $1.5 trillion.

Jan 22 09:29

Pepe Escobar: Here's How The Trump Presidency Will Play Out

The Trump era starts now – with geopolitics and geoeconomics set for a series of imminent, unpredictable cliffhangers. I have argued that Trump’s foreign policy guru Henry Kissinger’s strategy to deal with the formidable Eurasia integration trio – Russia, China and Iran – is a remixed Divide and Rule; seduce Russia away from its strategic partnership with China, while keep harassing the weakest link, Iran. In fact that’s how it’s already playing out – as in the outbursts of selected members of Trump’s cabinet during their US Senate hearings. Factions of US Think Tankland, referring to Nixon’s China policy, which was designed by Kissinger, are also excited with the possibilities of containment regarding at least one of those powers “potentially arrayed against America”.

Jan 22 09:28

These are the Countries with the Biggest Debt Slaves, and Americans Are Only in 10th place

Americans have been on a borrowing binge. To buy their favorite cars and trucks, they’ve loaded up on $1.14 trillion in auto loans. Young and not so young Americans are mortgaging their future with student loans that now amount to $1.28 trillion. Credit card and other debts are at $1.12 trillion. And mortgage debt stands at $8.82 trillion.

Jan 22 09:12

Trump’s Inaugural Speech – Promises, Hopes and Opportunities

Could 21st century capitalism dump imperialism? Maybe.
Just hours ago Donald Trump was finally sworn in as the President of the United States. Considering all the threats hanging over this event, this is good news because at least for the time being, the Neocons have lost their control over the Executive Branch and Trump is now finally in a position to take action.

The other good news is Trump’s inauguration speech which included this historical promise “We do not seek to impose our way of life on anyone, but rather to let it shine as an example for everyone to follow”. Could that really mean that the USA has given up its role of World Hegemon? The mere fact of asking the question is already an immensely positive development as nobody would have asked it had Hillary Clinton been elected.

Jan 22 07:45

Prepare For The Pain As The System Erases The False Economy Governance & Power

Julian Assange is ready to be brought back to the US. Soros gives speech and says Trump is going to fail. Obama admits that the DNC emails were leaked and there was inconclusive evidence showing Russia hacked the DNC and the elections system.

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