ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Oct 30 06:27

DETAILS OF "SUSPICIOUS" MANAFORT WIRE TRANSFERS LEAKED FROM FBI PROBE

The FBI's investigation of Donald Trump's former campaign manager, Paul Manafort, includes a keen focus on a series of suspicious wire transfers in which offshore companies linked to Manafort moved more than $3 million all over the globe between 2012 and 2013.Much of the money came into the United States.

These transactions — which have not been previously reported — drew the attention of federal law enforcement officials as far back as 2012, when they began to examine wire transfers to determine if Manafort hid money from tax authorities or helped the Ukrainian regime close to Russian President Vladimir Putin launder some of the millions it plundered through corrupt dealings.

Webmaster's Commentary: 

Manafort was indicted as of today, and taken into federal custody by the FBI.

Paul Manafort Indicted, told to surrender to the FBI

But where, please, is Meuller's "alleged passion for justice" when it comes to Hillary and Bill Clinton's Uranium One Scandal??

When will Hillary be indicted for her role in the Uraniaum One scandal?!>

Oct 29 15:01

Global Debt of $63 Trillion

Oct 29 13:43

Gundlach Warns “The Order Of The Financial System Is About To Be Turned Upside Down”

“I’m not a big fan of bonds right now,” may seem like an odd way for the so-called Bond King to begin, but in an audience at Vanity Fair’s Establishment Summit, DoubleLine’s Jeff Gundlach told Bethany McLean, “I haven’t been really [a fan of bonds] for the past four years, even though I manage them, and institutions have to own them for various reasons.”

Oct 29 12:16

Amazon is now the size of a small country

Amazon's workforce is now larger than the population of dozens of small countries.

On Thursday, the e-commerce retailer revealed that it employed 541,900 people at the end of the third quarter. That's bigger than the populations of some 63 countries and territories around the world, including well known ones such as Iceland, the Bahamas, and Monaco. Belize, for example, has a population of just 347,369.

Oct 29 10:58

Visualizing $63 Trillion Of World Debt

Oct 29 09:33

If You Look Behind Neoliberal Economists, You’ll Discover the Rich: How Economic Theories Serve Big Business

Social classes have always embraced ideas and social philosophies. Not only to understand and interpret the real world, but most importantly to change it to their benefit. These theories (primarily in social science) have become beweaponed ideas called ideologies, as they are used to influence rather than to understand the human universe. Of course the two are related: the nature of our understanding, i.e. what we consider important and what we leave out from our theoretical framework, is called modelling.

Oct 29 08:53

Doug Casey: How I Learned to Love Bitcoin

Oct 29 08:04

FLASHBACK - $9,000,000,000,000 MISSING From The Federal Reserve

Oct 28 11:23

Child Poverty in America Is Indefensible

The state of poverty in the United States, particularly among children, is abhorrent and scandalous, putting America, the richest and most powerful country in the world, in a shameful light. Successive American administrations are guilty of outrageous negligence toward poor children and have inflicted incalculable damage to millions who continue to suffer, causing a tremendous loss of human resources and productivity to the country.

Webmaster's Commentary: 

These numbers are staggering: I understood that child poverty in this country was bad, but had utterly no clue that it was this bad.

If, in fact, a country's children are it's future, then this government has been doing an absolutely marvelous job of creating a future of despair and desperation; under-employment; drugs; criminal behaviour; and violence for these kids when they grow up, as its heritage!

Way to go, USA!!

Oct 28 10:45

Consumer credit hits a record $3.7 trillion…

Oct 28 10:18

What Could Pop The Everything Bubble?

Oct 28 07:39

It Took A Generation To Forget Gold As Money

Oct 28 07:26

What is happening in the US economy?

Oct 27 19:33

Anti-togetherness: The Virtues of Disunity

A Truth Not Welcome: People do not like being with those different from themselves . Sometimes, briefly, we find it interesting, as in traveling, but for extended periods, no. This distaste pervades society, often unnoticed, with consequences.

Instances of untogetherness:

Oct 27 13:47

US Soldiers in Niger Were Left Behind in Evacuation

Officially, the US military never leaves troops behind. Secretary of State James Mattis even said literally this last week, in denying that a soldier might’ve been left behind in the October 4 Niger ambush, in which four US special forces were killed.

As details continue to emerge on the incident, however, it appears increasingly certain that Mattis hadn’t told the truth, with officials now saying that when French helicopters evacuated the US forces, they had lost contact with four US troops, and only evacuated seven out of 11 in the unit.

Hours later, they managed to return to recover the bodies of the three soldiers initially reported killed. The fourth soldier wasn’t found for another two days. That the troops left without contact with the four makes it uncertain if some might’ve been alive at the time, and died abandoned on the field.

Webmaster's Commentary: 

Please show this article to any young person contemplating joining the US military.

Oct 27 13:46

Tory Tax Loophole For Big Business Under Investigation By EU

The European Commission is to launch an investigation into a loophole set up by the David Cameron government that allegedly provides tax avoidance opportunities to multinationals.

Oct 27 13:26

Danielle Park – The Delusion of Prosperity

Oct 27 13:24

The Senate Voted to Make It Harder to Sue Banks

Oct 27 12:18

CVS In Talks To Buy Aetna In What Would Be Year's Largest Deal

In a stunning scoop published minutes before the close, WSJ reports CVS Health is in talks to buy Aetna, a defensive acquisition that may help the company fend off Amazon should the e-commerce giant follow through on flirtations with the pharmacy business.

Shortly before WSJ published its report, CVS and other pharmacy stocks tumbled to their lows of the day on reports Amazon has been quietly obtaining wholesale pharmacy licenses.

Webmaster's Commentary: 

The big question I would have, in terms of allowing this acquisition to take place is, what, precisely will be the effects on patient care?!?

Oct 27 12:00

Is your ZIP code killing you?

Oct 27 10:48

Big Pharma Mogul Arrested For Bribing Doctors To Prescribe Fentanyl

Federal authorities arrested the billionaire founder and owner of Insys Therapeutics Thursday on charges of bribing doctors and pain clinics into prescribing the company’s fentanyl product to their patients.

The Department of Justice (DOJ) charged John Kapoor, 74, and seven other current and former executives at the pharmaceutical company with racketeering for a leading a national conspiracy through bribery and fraud to coerce the illegal distribution of the company’s fentanyl spray, which is intended for use as a pain killer by cancer patients. The company’s stock prices fell more than 20 percent following the arrests, according to the New York Post.

Oct 27 10:48

Shares Of World's Biggest Toymaker Crater After It Suspends Dividend

Shares of Mattel, the world's biggest toymaker, cratered as much as 24% after hours after the company announced it would suspend its quarterly dividend starting in Q4, and instead use the cash to shore up its faltering business after a big hit following the bankruptcy of its largest retailer Toys‘R‘Us.

Oct 27 10:39

Dozens of Russian defense companies included in list of potential new US sanction targets

The US is edging towards the eventual implementation of a new round of sanctions against Russia after the State Department provided Congress with a list of Russian defense and intelligence entities, missing the deadline by almost a month.

“Secretary of State Rex Tillerson has authorized the department to issue guidance to the public specifying the persons or entities that are part of or operating on behalf of the defense or intelligence sectors of the government of the Russian Federation,” State Department spokesperson Heather Nauert said. “What that means is that Secretary Tillerson has signed off on this and it is now being held on Capitol Hill.”

The State Department is “currently informing Congress, key US industries stakeholders and our allies and partners” of the directive, she added.

Oct 27 10:36

US ‘Empire of Debt’ will go to war to stop emergence of petro-yuan – Max Keiser

The imminent introduction of oil trading in yuan is a very bold move by the Chinese, because the US will not give up the basis of its hegemony – the dollar as the world’s reserve currency – without a fight, Max Keiser, host of RT’s financial program ‘Keiser Report' has said.

The Chinese plan to roll out a yuan-denominated oil contract before the end of this year is a very brave move, since countries who “tried to exit the oil-dollar matrix have met terrible ends,” Keiser pointed out.

“Saddam Hussein wanted to trade oil in Euros and he was killed, Muammar Gaddafi wanted to trade his energy in something other than the US dollar – he was killed,” Keiser said.

Oct 27 09:20

Russia Buys 34 Tonnes Of Gold In September

– Russia adds 1.1 million ounces to reserves in ongoing diversification from USD
– 34 ton addition brings Russia’s Central Bank holdings to 1,779t; 6th highest
– Russia’s gold reserves are at highest point in Putin’s 17-year reign
– Russia’s central bank will buy gold for its reserves on the Moscow Exchange
– Russia recognises gold’s role as independent currency and safe haven

Oct 27 07:41

The Fed Balance Sheet Unwind Myth

Oct 27 06:19

Voice of reason : Pelosi face spasms; Utters gibberish, confuses ‘trillions’ and ‘billions’…

Is it any wonder more Democrats are calling for new leadership? (No wonder the federal government is spending so wildly when leaders can’t tell a number that has 9 zeros from one that has 12.)

Oct 27 05:29

Americans Have More Debt Than Ever

Oct 27 05:01

The Economy Is Collapsing One City At A Time

Oct 26 17:25

Big Brother in Little China - #NewWorldNextWeek - corbettreport


Published on Oct 26, 2017Welcome to New World Next Week – the video series from Corbett Report and Media Monarchy that covers some of the most important developments in open source intelligence news.

Oct 26 14:13

The Stock Market’s Biggest Black Swan

Oct 26 12:54

PETRO-YUAN: CHINA HAS GRAND AMBITIONS TO DETHRONE THE DOLLAR. IT MAY MAKE A POWERFUL MOVE THIS YEAR

China is looking to make a major move against the dollar's global dominance, and it may come as early as this year. The new strategy is to enlist the energy markets' help: Beijing may introduce a new way to price oil in coming months — but unlike the contracts based on the U.S. dollar that currently dominate global markets, this benchmark would use China's own currency. If there's widespread adoption, as the Chinese hope, then that will mark a step toward challenging the greenback's status as the world's most powerful currency.

Oct 26 12:46

States with the most people on food stamps

With grocery bills priced as high as $1,300 per month as of late, some American workers simply cannot afford all of their groceries on top of everything else they already have to buy. This is why the government offers food stamps.

The USDA Food and Nutrition Service reports that as of September 2014, there were around 46.5 million individual food stamp recipients (22.7 million households) receiving an average benefit of $123.74 each (around $257 per household).

To be eligible, a household has to earn a gross income amount that's less than 130% of the poverty level, or a net income amount (gross income minus deductions) that's less than 100% of the poverty level for their family size.

Oct 26 11:52

Trump: ‘My Generals’ Authorized US Missions In Niger': I Gave Them Authority to Do What's Right'

In comments Wednesday regarding the recent revealed US military operation inside Niger, President Trump confirmed that he never personally authorized any of the mission, but rather that “my generals and my military” did that all on their own.

Trump insisted his generals “are great generals” and “I gave them authority to do what’s right” and he is confident that eventually “we’re going to win.” Trump added that he’s been finding out about the mission just like everyone else has.

Which seems like a huge problem, despite no one treating it like one. President Trump was apparently “informed” of Niger after the October 4 ambush when they realized one of the soldiers was missing, and Senate Armed Services

Webmaster's Commentary: 

The stock answer as to why the US military is in Niger is "ISIS"; the real answer as to why the US military is in Niger has to do with its abundance of natural resources; expropriating them; and not letting Russia or China exploit them.

The Natural Resources of Niger

And that President Trump was not informed of the Niger operation until after the ambush had taken place, smacks of an absolutely cavalier lack of communications between his generals and President Trump.

To an ordinary person like myself, this is extraordinarily frightening, and could, potentially, put us into a would war which the President would be unable to stop, because he couldn't see it coming, due to the actions of these generals.

And beneath it, comes the following headline:

US Prepares Armed Drones for Lethal Strikes in Niger: Soldiers' Deaths Used to Pressure Niger Govt to Accept Strikes

The drone strikes will do precisely what they have done in places like Afghanistan; Pakistan; Somalia; Iraq; Yemen; and Syria; they will kill far more innocent civilians than the bad guys, then radicalize those who are left behind to become jihadists, and our troops' worst enemies, literally.

I am watching the feed on Fox News right now, seeing President selling his proposal to conquer the opioid addiction in this country; I have to wish that this country was not, collectively, so addicted to other countries' natural resources.

Oct 26 10:21

The Stock Market's Biggest Black Swan

Oct 26 10:11

AMERICA'S DRUG WAR IS DEVASTATING MEXICO

Even if the drug war were to end today, there would still be street crime and gangs in the far-distant future. However, these issues would be on a dramatically smaller scale. Mexico’s street gangs could never ascend to the level of an organized crime outfit without the massive profits from illegal drugs to pay for the necessary weaponry, hitmen, political protection, etc.

By the same token, drug money evokes a vicious cycle of rampant criminality that goes far beyond drug trafficking. In other words, Mexico’s cartels are diversified criminal organizations that don’t limit themselves to drug smuggling.

Webmaster's Commentary: 

There are two things which need to happen here. First, decriminalize the use of drugs completely in the US, knocking out the profit motive for creating and selling them.

Secondly, making it impossible for illegal drug gangs to get into the States.

Of course, that is likely to happen when pigs become aware that they are aerodynamic, because of all the money legitimate financial institutions make in laundering drug money, and the huge profits made by for-profit prisons in incarcerating convicted drug felons.

Yes, I know I am cynical; but some days, I just cannot keep up!!

Oct 25 15:59

Nearly 1.5 Million Fewer Americans On Food Stamps Under Trump

Nearly 1.5 million Americans dropped off the food stamp rolls since President Trump’s inauguration in January 2017, according to the latest U.S. Department of Agriculture (USDA) statistics on food stamp enrollment.

Oct 25 15:56

Switch and bait: Apple wants us to wait in line for iPhone X so it can sell iPhone 8s

But with iPhone X, people who don’t line up hours before the store opens likely won’t be able to buy one. It’s a marketing trick. By telling customers iPhone X will be available in store, Apple basically wants to show the world that people still love the iPhone. Recent reports suggest that iPhone 8 sales aren’t exactly robust, and huge lines outside Apple Stores around the world will be nothing less than a visual refutation of the Apple-is-doomed meme.

But the real benefit of iPhone X lines will be the iPhone 8 and iPhone 8 Plus. Once customers realize that they can’t but an iPhone X (and likely won’t be able to for many weeks), an Apple specialist can swoop in to explain why iPhone 8 Plus is just as good. “It has the same processor and storage,” they’ll say. “It has wireless charging, and comes in a cool gold color. Oh, did I mention it’s $200 cheaper?” With that sales pitch, I’m willing to bet that more than a few people will opt for the downgrade.

Oct 25 14:58

The Market Melt-Up Before the Top

Oct 25 12:57

This is America? Government-appointed guardians can sell assets of elderly without their consent

Did you know that there are government-appointed “court guardians” who can deem senior Americans “incompetent,” and on that basis, are authorized to manage their assets — including selling their homes and valuables — and to choose where they live, whom they associate with, and what medical treatment they receive?

As recounted by Rachel Aviv for The New Yorker, that’s what happened to Rudy and Rennie North on September 1, 2013. Rudy, 68, a retired broadcasting consultant, lived with his 66-year-old wife Rennie in Sun City Aliante — an “active adult” community in Las Vegas, NV.

Oct 25 12:52

World War E Is Here

Oct 25 12:34

Economic Recovery - But For Who?

Oct 25 11:56

China’s Belt and Road: Geopolitical Analysis of Regional Impediments. Afghanistan, Pakistan, Myanmar, India, Bangladesh

China’s colossal industrial overcapacity needs global markets and it drives the country to explore wide-scale and costly corridors for overland access to the east and west.

China’s vision to establish a brand new international currency in lieu of the US dollar under powerful bloc of BRICS nation;

China and Russia’s shared efforts to shatter petrodollars and of the highest concern, China’s mega “Belt and Road” project is cautioning the US about its future economic hegemony in the region. Remember, the entire global violence of any sort, anywhere has its ultimate roots in economic interests.

Webmaster's Commentary: 

Another confirmation of Tony Cartalucci's article regarding Myanmar at globalresearch.ca today!

Oct 25 10:17

China’s rise, America’s fall

Oct 25 10:06

Here’s You and Here’s the Top Ten Percent

Oct 25 09:32

Politico: GOP Senators Plan No-Safeguards Amnesty by Spring

Establishment GOP Senators are trying to assemble a cheap-labor amnesty for young illegals which will not protect Americans workers from unscrupulous employers, nor reduce the huge annual inflow of migrants and workers, according to a report in Politico.

Oct 25 09:31

China's launch of 'petro-yuan' in two months sounds death knell for dollar's dominance

One of the world’s top energy importers, China, is set to roll out a yuan-denominated oil contract as early as this year. Analysts call the plan, announced by Beijing in September, a huge move against the dollar's global dominance.

The so-called petro-yuan is a “wake up call” for investors who haven’t paid attention to the Chinese plans, according to the head of Graticule Asset Management Asia Adam Levinson, as quoted by Bloomberg.

Oct 25 08:48

War, Flowers, Silver, Gold and The “Plan”

Fifty years ago the U.S. bombed North Vietnam. That worked out well for the military contractors but not for people or global economies.

Twenty six years ago the U.S. fought Iraq and Saddam Hussein. That worked out well for the military contractors but not for people or global economies.

Ten years ago the U.S. fought in Iraq. That worked out well for the military contractors but not for people or global economies.

Today the U.S. is bombing several countries and threatening others. How will this benefit people and global economies?

When will they ever learn?

Oct 25 08:46

Lord & Taylor sells its flagship Manhattan store to workshare office space company WeWork for $850million - but will continue its famous holiday displays for at least two years

Lord & Taylor's flagship store in Manhattan, known for its holiday displays along Fifth Avenue, is being sold to the office space sharing company WeWork.

The nearly 100-year-old building will be converted to WeWork headquarters, with less than a quarter of the space remaining for a Lord & Taylor store. Right now, 10 of the building's 11 floors are devoted to retail.

WeWork attracts millennials who are looking to share office space, a consumer segment that Lord & Taylor owner Hudson's Bay and other department stores want to attract.

So store executives expect the stores to benefit from WeWork members going in and out of the building, and hopes they'll be shopping.

Oct 25 08:37

US Officials: Niger Is ‘Hub’ for US Operations in Western Africa

US officials describing the military operation in Niger, which only became public knowledge earlier this month after four US special forces were killed in an ambush, have not only revealed that nearly 1,000 US troops are on the ground in Niger, a massive force for the tiny country, but that this is the “hub” for US military operations in Western Africa.

Details on what exactly that means are scant, since the Niger military operation was basically a secret, and by extension so are all the other regional operations that we’re not being told about. Officials did assure reporters Niger has the most troops in the region.

Niger has hosted a US drone base for years, and about 100 troops were reported deployed in 2012. Somewhere between then and now, this increased ten-fold, and those troops started engaging in patrols. African Command says there are no armed US warplanes in West Africa at present, but that they rely on French warplanes.

Webmaster's Commentary: 

We are in Niger for the same reasons US troops are garrisoned all over the world; to insure its government is western-centric; to expropriate resources to which those companies supporting both political parties have utterly no moral right; and to insure that those resources are only sold to countries of which the US government approves, and only in the US dollar.

This is also, by the way, an insurance against Russia and China getting hold of those resources before US companies do.

List: Niger's natural resources

Oct 25 08:25

A Well-Kept Open Secret: Washington Is Behind India’s Brutal Demonetization Project

In early November 2016, 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.

Oct 25 08:08

A Soft Landing in the Middle East?

Trump fans, that endangered and vanishing species, are going through hard times. Even a devoted admirer of the Orange Man couldn’t swallow his strange battle of words with Kim, his threats to Iran, his UNESCO farce – and keep a straight face. The only comfort is that Hillary would have been even worse. Is he a comic miscast, a buffoon? Actually, Trump is doing the thankless job of soft-landing the US Empire.

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