ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Apr 30 10:40

Grab the Popcorn: Trump Promises to ‘Take On’ EU in New Trade War

As the US president struggles at home with a legislature and judiciary increasingly unwilling to do his bidding, new bluster and threats of a trade war with other nations appear to have become Trump’s rallying cry to the faithful.

Iran Deal: Trump 'Acts on Orders From Israeli Lobby in Washington' - Analyst
US President Donald Trump, at a meeting of his followers in Michigan on Saturday, suggested that his administration would do everything within its power to shift what the White House terms Washington DC's trade imbalance with the European Union, and hinted darkly that Americans must prepare for a bumpy and uncomfortable ride, according to RT.

In asserting that the EU was primarily formed to divert financial gains from the US, Trump promised that what he termed "disastrous trade deals" would stop, as he was going to personally "take on" the economic European powerhouse, as well as China, the largest economy in Asia and the second largest economy in the world.

Apr 30 10:13

Federal Reserve Bank: "Cash Promotes Crime... Cash has many advantages, but its end might be near"

The outrageous criminals at the federal reserve bank have actually issued a new report in which they state the following.

Apr 30 09:18

'SALMON PEOPLE: THE RISKS OF GENETICALLY ENGINEERED FISH FOR THE PACIFIC NORTHWEST' FILM PREMIERES

In 2015, the FDA approved genetically engineered salmon, the first ever GE animal to be approved for human consumption anywhere in the world. The Muckleshoot Indian Tribe and the Affiliated Tribes of Northwest Indians called for sufficient consultation with Tribes to assess the environmental impact of GE salmon production, a legal requirement the FDA did not honor.

Apr 30 08:05

Decision Time: Will the US Impose Tariffs or Not?

A few things you need to watch for economically this week could very well set the table for what comes next week and beyond.  The influencers will be both geopolitical and earnings driven.  It's important to note that Trump's decision about the looming tariffs will not just affect Russia and China, but also, our allies in Europe.

Here's what to look out for this week.

Apr 30 07:23

The Middle Class Sure Isn’t What It Used to Be

If you've noticed that it takes a lot more money to live the middle-class American Dream than it used to, you aren't alone. Buying a house, saving for retirement, and putting your kids through college while living comfortably is a whole lot harder than it once was. Being part of the middle class sure isn't what it used to be.

Despite the rosy outlook on employment numbers, things have become incredibly difficult for many families. They're deeply in debt, living paycheck to paycheck, and without an emergency fund. Let's take a look at what the media is saying about the middle class.

Apr 29 14:06

The banks, the Government and the half-trillion-dollar super grab

By business editor Ian Verrender

Just when they appeared on the cusp of victory, the major banks and AMP have their ambitions to grab control of a lucrative section of the superannuation industry crushed, writes Ian Verrender.

Apr 29 09:54

Donald Trump to Farmers: We’re Going to Let in Migrant Guest Workers

President Donald Trump told American farmers on Saturday that he would allow guest workers to come into the country, despite his promise to protect American workers.

“For the farmers, OK, it’s going to get good, and we’re going to let your guest workers come in, because we’re going to have strong borders, but we have to have your workers come in,” the president said during his campaign rally in Washington, Michigan on Saturday.

Trump said that the unemployment numbers were so good that it was possible to allow guest workers in the country to work the fields and do seasonal labor.

Apr 29 09:48

Trump Will Make Russia Rich Again

Despite all his flaws and aggressive rhetoric, it can be argued that Donald Trump's foreign policy is perfect for the Russian economy. Sanctions against Russia are useless if the oil price is high, and Trump is doing his best to push the price higher.

The US president is angry. Again. Donald Trump blames the OPEC oil cartel (and implicitly, Russia) for the recent run-up in oil prices that is hurting US consumers. However, the person he should be blaming is Donald Trump.

Apr 29 08:57

'We're NOT doing business with these guys' Donald Trump THREATENS EU

DONALD Trump blasted the EU and other nations at a rally in Michigan by threatening to "take on" the bloc and claims it takes “advantage” of the US.

Apr 29 08:37

THE US GAVE ITS CLIENT STATES HUNDREDS OF MILLIONS FOR ANTI-TERRORISM, THEN CROOKED UK MILITARY CONTRACTORS RIPPED IT ALL OFF

Defense Secretary James Mattis has announced a criminal investigation into the misuse of $458,000,000 that the US government gave to Iraq and Afghanistan to build out mass-scale domestic surveillance apparatus and other "anti-terrorism" capabilities. An audit by the Special Inspector General for Afghanistan Reconstruction found that, since 2007, New Century Consulting had taken most of that money, without any indication that it had performed any of the work for which it had been paid.

Apr 29 07:42

TENS OF MILLIONS OF TAXPAYER DOLLARS MISSING FROM PHILADELPHIA’S LARGEST CASH ACCOUNT

City officials are searching for tens of millions of dollars of misplaced money as they’re trying to figure out what happened.

Apr 29 03:30

Russia's Medvedev Says He Backs Criminalizing Observance of U.S. Sanctions

Russian Prime Minister Dmitry Medvedev backs the idea of making it a criminal offence for Russians to observe sanctions imposed by the United States, Medvedev said in an interview broadcast on Saturday on state TV channel Rossiya

Washington imposed sweeping sanctions on some of Russia's biggest companies and businessmen on April 6, striking at allies of President Vladimir Putin to punish Moscow for its alleged meddling in the 2016 U.S. presidential election and other so-called malign activities

Asked about a proposal drafted by Russia's lower house of parliament to criminalise observance of U.S. sanctions, Medvedev said the restrictions were aimed at destroying Russia's socio-political system and harming the economy and individuals.

Apr 28 13:21

'We Are Headed For a Massive Financial Crisis' & Fed Has 'No Idea What's Going On'

The businessman slammed the Fed for seeing no signs of an impending crisis, saying that it was similarly blind ahead of 2008 crisis. “So the Fed has already proved when it comes to warning signs and seeing them in advance, they’re like Mr Magoo. They have no idea what’s going on. And in fact, just like Mr Magoo, they create all kinds of havoc all around them as they blindly move through the economy having no idea what’s going on, and there’s just all kinds of carnage,” Schiff said, warning that a massive financial crisis is coming.

Apr 28 11:39

Guitar Center Faces Imminent Bankruptcy After 59 Years In Business

As guitar sales plummet, some of the biggest guitar brands and retailers are facing bankruptcy. The latest is Guitar Center, which narrowly averted default and just got downgraded by S&P.

Apr 28 09:19

Vanilla ice cream shortage? Vanilla pods worth more than SILVER as crop prices soar

Around 85 per cent of the world's supply of vanilla pods comes from Madagascar, an island off eastern Africa.

But natural disasters including last year's Cyclone Enawo have wiped out a third of the annual crop, sending prices soaring.

Apr 28 09:08

The Byron Bay you don't see: How an idyllic holiday hotspot popular with A-list celebrities is now being gripped by homelessness and drug addiction

They call Byron Bay the playground of the stars - where the rich and famous go to party and live in beach side comfort.

But it is also home to Australia's second-largest homeless population, with 12 times more rough sleepers than the average town despite 20 percent of the homes marked as empty in the latest census.

Apr 28 07:06

Everything You Need to Know About Inflation

Is inflation good or bad for the economy? Is there a fine line that, if crossed, could lead to financial disaster?

Here's everything you need to know.

Apr 28 07:00

Does The Stock Market Have One More Rally Left?

In February, stocks took the most dramatic tumble in years after surging to unprecedented heights. The bull market continues to age. It has been almost ten years since the start of the current bull market, which is the second longest in modern history.

Apr 27 14:20

The Crash Of 1929: "Can It Happen Again?"

Currently, we are in a situation where, according to several metrics, the stock market is the most over-valued in the history of the NYSE. The central banks, with their orthodox and unorthodox monetary policies, have fed the asset market mania for nine years now but, currently, they are in a tightening cycle. Moreover, the global economy is in a risk of a dramatic slowdown. This indicates that the main components of the crash of 1929: an over-valued stock market, a central bank tightening cycle (higher interest rates) and a slowing economy are almost all present in the US. We will thus soon know how well the history rhymes.
How False Flag Operations Are Carried Out Today

Apr 27 14:15

See A Bubble? Get Out Of The Way.

Apr 27 12:57

BOMBSHELL: Group of Wealthy Donors Paid $50 Million to Fund Trump-Russia Investigation

A group of wealthy donors from New York and California have forked out $50 million to fund a Russia investigation being conducted by Christopher Steele, Fusion GPS and a former Senate staffer for Dianne Feinstein.

Apr 27 12:49

New Study: 80% of ICOs are Scams, Only 8% Reach an Exchange

Using publicly available sources, Satis Group LLC classified initial coin offerings (ICOs) with market capitalizations of at least 50 million USD by quality, following an ICO’s evolution from white paper, fundraising, to eventual trading online. Their findings include the eye-popping claim that 80% of ICO’s are scams, and only 8% managed to trade on a exchange.

Apr 27 12:38

Auto Sales Forecast To Tank In April

Apr 27 11:51

Airbnb Just Lost a Limb in its Fourth Biggest Market

Amid a blossoming backlash against mass tourism.

Apr 27 11:44

The Pension Crisis Is Worse Than You Think

Apr 27 10:20

Amazon: For every dollar of op. profit going into Bezos' pockets, 73 cents came from AWS

It's pretty much a cloud provider with a gift shop on the side

Apr 27 09:30

FLASHBACK - Social Security records show 6.5 million Americans are aged 112

Only 42 people are known to be that old in the entire world but the bureau does not have death records on file, leaving these numbers vulnerable to fraud

Apr 27 09:18

Britain's economy grows by its slowest rate since the 2012 Eurozone crisis as Chancellor Philip Hammond blames SNOW for the gloomy figures

UK gross domestic product was up by just 0.1 per cent in the first three months of the year, the Office for National Statistics said.

Apr 27 08:44

More bad news for the iPhone X: Samsung warns of 'slow' demand for OLED screens used in Apple's pricey device

One of Apple's top suppliers has given rise to fresh concerns about disappointing iPhone X sales.

Samsung warned in its latest quarterly earnings report that it saw 'slow' demand for its flexible organic LED screens, which hints at less than stellar sales of the iPhone X.

Apr 27 05:50

800,000 people are about to flee New York and California because of taxes, say economists

Conservative economists Arthur Laffer and Stephen Moore are predicting a new mass exodus of wealth from New York and California because of the new tax law. But academics who have studied taxes and migration call the forecast “pure nonsense.”

Apr 27 03:07

Massive Monetary Stimulus

Apr 26 13:59

H.R.5404 – To define the dollar as a fixed weight of gold.

Interesting…this bill was introduced in the House on 22 March: H.R.5404 – To define the dollar as a fixed weight of gold

Sponsor: Rep. Mooney, Alexander X. [R-WV-2] (Introduced 03/22/2018)Alexander Xavier Mooney is the U.S. Representative for West Virginia’s 2nd congressional district since 2015. He is a member of the Republican Party.

Committees: House – Financial Services
Latest Action: House – 03/22/2018 Referred to the House Committee on Financial Service

Webmaster's Commentary: 

The FED will never let this happen.

Apr 26 13:37

The coming boom in gold prices. . .

Apr 26 13:16

Worldwide Wine Output Collapses To 60-Year Low, Sparks Fears Of Major Shortage

Global wine production collapsed in 2017 to its lowest levels since 1957, primarily due to poor weather conditions in the Eurozone which slashed production across the entire bloc...

Apr 26 12:57

Peak-Bubble for Junk Bonds, Says WeWork Bond Sale

When is it gonna pop?

Apr 26 11:40

The Central Bank Experiment Failed, Germany Moves Closer To The Silk Road

The central banks are demonizing the crypto market, now we have the former CEO of Intuit who says that bitcoin is a pump and dump scheme. If we compare this to the stock-market I wonder which is the pump and dump scheme.

Apr 26 11:19

The Great Exodus From America's 'Blue' Cities Accelerates

Am I the only one in my spinning class at Equinox in Manhattan who’s fed up paying $200 every month for a gym with clean showers, $3,000 in rent every month for an apartment without cockroaches and $8 every morning for a cup of coffee? Am I the only one moving through the greater part of New York City boroughs and seeing an inexorable march of urban decay matched with the discomfort of crowding and inexplicable costs? I know I am not.

New York is the most expensive city in America. Its lower-cost neighborhoods are riddled with crime and homelessness. Its public schools, some of which are among the worst in the nation, look more like prisons than places of learning.

Apr 26 10:40

A Royal Wedding Amid Such Crippling Poverty and Despair is a Provocation

The days of a royal birth or wedding being able to forge a national consensus in Britain are over. Not now. Not when so many are suffering. Not when social and economic injustice has reached Dickensian levels. And certainly not when revulsion of the country’s power elite has become so entrenched.

On the contrary, such royal events only serve to emphasise the incompatibility of the monarchy with democracy and the nation's collective intelligence in the 21st century.

How could it be otherwise at a time of rising poverty, brute inequality, social injustice, and growing public anger over a political and media establishment whose detachment from the lived experience of millions is near complete?

Apr 26 10:00

Tech Moguls Concerned about Massive Job Loss From Automation Recommend Universal Basic Income (UBI) — Some Plan for “Doomsday”

By B.N. Frank

Many of us have loved ones who are victims of Age Discrimination. Some have been forced out and replaced with younger employees. Some never find work again. This has been going on for decades.

Automation has also contributed to job loss. According to many sources, including the Progressive Populist, this is going to get much worse. That’s why tech inventors have proposed a Universal Basic Income (UBI)...

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