ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Aug 19 13:12

Tory Austerity Caused 30% Rise In Homelessness, Parliamentary Committee Finds

Government austerity measures have increased homelessness in the UK by as much as 30 percent, according to a parliamentary committee.

Aug 19 13:09

Chart Of The Day: 2% Inflation And Then Some

Aug 19 12:10

Why Rothschild is Shifting From US Dollars to Gold, 'Other Currencies'

Rothschild has called attention to the fact that despite the policy having resulted in the rapid rise of stock markets, this growth cannot last forever as the real sector remains anemic with weak demand and deflation in many developed countries.

Meanwhile, the geopolitical situation is not getting easier: China's economic growth has slowed down, the election atmosphere in the US remains fraught and the conflict in the Middle East continues to rage on. Germany, France and the US have been subjected to terrorist attacks. To complicate matters even further the UK voted to leave the EU.

"In times like these, preservation of capital in real terms continues to be as important an objective as any in the management of your Company's assets," Lord Rothschild emphasizes.

Webmaster's Commentary: 

Translation: a crash is coming; it is only a question of when.

Aug 19 12:07

Apple Orders Plunge 30% On Low Demand

Aug 19 12:00

Two More Banks Start Charging Select Clients For Holding Cash

Last weekend, when we reported that Germany's Raiffeisenbank Gmund am Tegernsee - a community bank in southern Germany - said it would start charging retail clients a fee of 0.4% on deposits of more than €100,000 we said that "now that a German banks has finally breached the retail depositor NIRP barrier, expect many more banks to follow."

Not even a week later, not one but two large banks have done just that.

Overnight, the Irish Times reported that Bank of Ireland is set to become the first domestic financial institution to pass on the ECB's negative rates to customers for placing their money on deposit with the bank. The newspaper has learned that Bank of Ireland, which is 14% owned by the State, has informed its large corporate and institutional customers that it plans to charge them a negative rate of -0.1% for deposits of €10 million or more starting in October.

Webmaster's Commentary: 

IF individuals are still allowed to have cash, in the near future, they will have to put it in some other place than banks, and perhaps, if they can, will be putting it into silver and gold.

That is why we are looking at banks' call for a cashless society.

Aug 19 10:26

Vancouver Housing Market Implodes: Average Home Price Plunges 20% In 1 Month - "The Market Is Devastated"

The City of Vancouver currently has an average home price of $1.1 million, down 20.7% over the last 28 days and down 24.5% over the last three months. The average detached home is $2.6 million, down 7% compared to three months ago. There were only three home sales in West Vancouver between Aug. 1 and 14 this year, compared to 52 during the same period last year. That’s a decrease of 94%.

Aug 19 10:25

Apple Demanding Cost Cuts From Suppliers After 30% Plunge In Orders: Digitimes

Apple stock is sliding very modestly for now as Digitimes reports Tim Cook has asked downstream part and component suppliers in Taiwan to reduce quotes for iPhone 7 devices by as much as 20%...even though order volumes for new phones are reportedly 30% lower than those placed a year earlier.

Aug 19 10:00

27 Years Of Economic Pain For Most Americans…

Aug 19 09:53

Don’t Let Propaganda For The ‘Looming Cashless Society’ Deceive You

Since its invention in Babylon around 4,000 years ago, money has changed from gold coins, to coins of lesser value; to paper notes/cheques, plastic cards, and finally, silicon chips. Within the next few decades, it is looking more and more likely that there will be no more hard cash (coins/notes) left. By this point, the notion of using physical money will be for many people a distant memory tinged with disbelief. “How did we ever manage something so clumsy and backward?” many will say.

Aug 19 09:26

Texas State Gold Depository Another Step Closer To Reality

By Mike Maharrey

The creation of a state gold depository in Texas represents a power shift away from the federal government to the state, and it provides a blueprint that could ultimately end the Fed. The depository inched closer to reality last month when Texas officials formally called for businesses to submit their plans for building the facility...

Aug 19 08:00

TGIF – Stop the Rally, We Want to Cash Out!

Aug 19 07:29

Maersk to lay off 400 employees

Danish trade, shipping and energy conglomerate AP Møller-Maersk Group has announced plans to lay off about 400 employees as part of the company’s austerity measures.

“We are facing an unprecedented market situation and we will unfortunately have to adjust our volume of employees,” stated Jørn Madsen, the head of Maersk Supply Service.

Aug 19 07:28

Leaving EU, Restoring Trade Ties With Russia to Be Priority for Netherlands

The Netherlands will be able to improve relations with Russia only after leaving the European Union, which will have an overall positive impact on the country’s future, founder and leader of the Dutch Party for Freedom Geert Wilders said.

Webmaster's Commentary: 

The EU is unraveling.

Aug 19 07:03

Seriously? A billionaire needs to cut staff?

Aug 18 18:53

Have you learned the $1 million per US household benefits from monetary reform and public banking yet? 2 interviews to help: Catherine Austin Fitts and Ellen Brown. And yes, this will only happen with recognition of CRIMINAL LOOTING requiring arrests

*hyperlinks/videos live at source*

“We know that the entire governmental infrastructure financially has been run as a criminal enterprise for some time... The government is being run outside of the laws related to money. That requires a double standard and parallel universe between what you say you’re doing and what you’re doing.… The citizens have got to make up their mind: are they going to tolerate this level or corruption or not? It’s ours to decide.” ~ Catherine Austin Fitts in the interview

**

Aug 18 14:52

AUGUST 2016, a FINAL Stock Market Top?

Aug 18 14:42

Join The Lazy Man’s Party!

When the U.S. began to overtax the rich to appease the masses and fund everything the federal government provides, no thought was given to where this was headed. -- Then when the nation’s central bank, the Federal Reserve Bank, divvied out near-free money to the financial classes in the 2008 financial/credit/home loan crisis to cover the losses of lenders but not home mortgage holders, little did anyone realize how this would not only crush the middle class but create super-wealthy oligarchs that now demand government do their bidding by virtue of the fact how much government relies upon them.

Aug 18 14:04

European Banking Crisis

Aug 18 13:54

Major UK Banks Reduce Growth Forecast In 2017 Post-Brexit

Major banks in the city of London reduce their forecast for growth in the UK in 2017, with many warning of recession.

Barclays Capital predicts that UK GDP will shrink by 0.5 percent in 2017. In June, before the referendum took place, it had forecasted growth of 1.9 per cent.

Aug 18 13:49

Economy going down with the ship?

T he Dry Bulk Shipping Index (BDI), is at five-year lows. That tells me the entire dry bulk shipping fleet is in the toilet. -- And one more thing: more ships are being scrapped than were scrapped in the darkest days of the Great Recession. What’s more, the average age of a recycled ship was 30 years. Today, that average is down to 15 years. -- No one is replacing the scrapped vessels with new ships, either. They’re scrapping old ships to get operating capital because there’s no real shipping business. Some tankers are regularly carrying more water ballast than cargo.

Aug 18 13:36

The Real Existential Threats of 2016

For, as John Adams reminded us, “There never was a democracy yet that did not commit suicide.”

Aug 18 13:17

Hypocrite Hillary Used the Word ‘Assassination’ in 2008 Anti-Obama Campaign

For, as John Adams reminded us, “There never was a democracy yet that did not commit suicide.”

Aug 18 12:53

Don’t Let Propaganda For The ‘Looming Cashless Society’ Deceive You

Since its invention in Babylon around 4,000 years ago, money has changed from gold coins, to coins of lesser value; to paper notes/cheques, plastic cards, and finally, silicon chips. Within the next few decades, it is looking more and more likely that there will be no more hard cash (coins/notes) left. By this point, the notion of using physical money will be for many people a distant memory tinged with disbelief. “How did we ever manage something so clumsy and backward?” many will say.

Aug 18 12:21

Turkish FM: NATO's Inaction Forces Ankara to Develop Military Ties With Russia

It’s a pity that peaceful civilians keep dying in Syria. Unfortunately, the earlier agreed ceasefire is being violated. We need to wage an all-out war against terrorist organizations in Syria. If we don’t flush them out, the wave or terrorism will keep spreading across the world, like an epidemic, threatening Turkey, Russia, Europe, the whole world.

A meeting of Russian and Turkish military officials in Ankara on Thursday was an important step toward prevention of airspace accidents, Turkish Deputy Foreign Minister Ali Kemal Aydin said.
© FLICKR/ DOUG
Turkey-Russia Committee on Syria to Hold 1st Meeting - Erdogan's Spokesman
That’s why we need to act together also on this track. We believe that the Syrian problem can be resolved if all countries come together in good faith. As we have said once and again, even during this period of crisis between us, without Russia there will be no lasting settlement in Syria. We keep insisting on this now.

Webmaster's Commentary: 

When President Obama's foreign policy goes wrong, it goes spectacularly wrong, as evidenced by Turkey's post-coup warming of relations with Russia, including issues of trade, and coming military cooperation.

That DC could, collectively think Erdogan wouldn't blame the US for the aborted coup was simply...magical thinking.

Aug 18 12:10

Following "Deadliest Month" In A Year, Ukraine President Warns Of "Full-Scale Russian Invasion"

The last month has seen Russia pull out of peace talks (citing attacks in Crimea and detention of key individuals) and an increasing mobilization of Ukraine troops near the Russian border, and now, after the deadliest month since last August, Ukraine president Poroshenko has warned he isn't ruling out a full-scale Russian invasion and may institute a military draft if the situation with its neighbor worsens.

Webmaster's Commentary: 

Right after being "installed and anointed" as Ukraine's President, Poroshenko has been crying wolf about a potential "Russian invasion" over the last two years, and yet ... no such invasion has come about.

My guess is that Russia's response to the attempted sabotage in Crimea by Ukrainian agents provocateurs will be asymmetric, and most probably economic in nature.

The Ukrainian economy is hanging by a thread right now, and could be pushed over the edge by some very clever maneuvering on Putin's part; that will get the Ukrainian people so outraged, that Poroshenko has failed them so badly economically, that they will throw the current bums out of office - possibly, quite literally.

Aug 18 12:06

Faith Money and the Coming Collapse (FULL)

Aug 18 12:06

BOJ cornered as Japanese banks seen running out of bonds to sell

The nation’s biggest banks are running out of room to sell their government bond holdings, pushing the central bank closer to the limits of its record monetary easing.

Japan Post Bank Co. and the nation’s three so-called mega-banks have almost halved their sovereign bond holdings to ¥114 trillion since March 2013, the month before the Bank of Japan began buying the securities on an unprecedented scale to end deflation. Government notes held by Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. are approaching the level where further reductions would involve securities they need as collateral.

Aug 18 11:59

US Corporate Debt Has Doubled To $6 Trillion Since The Crisis: This Is Who Bought It

Yesterday, in the FOMC notes, the Federal Reserve made a stark admission: “several expressed concern that an extended period of low interest rates risked intensifying incentives for investors to reach for yield and could lead to the misallocation of capital and mispricing of risk, with possible adverse consequences for financial stability.” To this, Bank of America chief credit strategist Hans Mikkelsen had an amusing retort:

"We agree. However, because we are still in the reach for yield phase we remain bullish on HG corporate bond spreads."
In other words, it's a bubble and everyone - even the Fed - knows it, just as a recent survey also by BofA revealed, but keep on buying because, well, TINA.

But who is buying, and how much?

Webmaster's Commentary: 

It is not a question of if the next economic crash is coming, but when; and that, unfortunately, could be a lot sooner than many people realize.

Aug 18 11:32

Central Banks Now Selling US Debt at Record Pace

In the first six months of 2016, foreign central banks sold a net $192 billion of U.S. Treasury bills, notes, and bonds. This is more than double the pace from the same time last year. China, Japan, and Brazil were the leaders in selling U.S. debt.

With the U.S. debt running at approximately $19.4 trillion, this could be problematic. A large selloff of U.S. bonds would decrease their price, or in other worlds, increase domestic interest rates in general (bond prices and interest rates always move in the opposite direction).

With the debt roughly the size of the U.S. economy, interest spending on the debt is forecasted to be the fastest growing area of federal spending in the coming years, eclipsing Medicare and Social Security. In 2015, the U.S. spent $223 billion, or 6 percent of the federal budget, despite historically low interest rates.

Webmaster's Commentary: 

Oops there.......

Aug 18 11:16

Justice Dept Announces it Will End Use of For-Profit Prisons … Prison Stocks Plummet

By Claire Bernish

In a stunning turn of events, the U.S. Department of Justice announced Thursday it will no longer use private prisons to incarcerate federal prisoners, deeming the notorious for-profit facilities both less safe and less effective in providing correctional services than those operated by the government...

Aug 18 10:49

Obama will leave his successor a ticking time bomb

Barack Obama likes to credit himself with getting America to step back from the abyss of the Middle East. When he shops around the story of his legacy, the president says he was proudest of his decision not to follow the "Washington playbook" and commit to toppling the government of Syrian President Bashar al-Assad.

It would be a fitting story to tell of the man who ascended to the presidency while simultaneously winning a Nobel Peace Prize. Obama returns America's sword to its sheath, and earns the praise of his fans and admirers. Just as he passed on a better economy to his successor than the one he inherited from Bush, so he passed on a safer world.

Unfortunately this story is a lie from end to end. The world the next president will inherit is full of traps.

Webmaster's Commentary: 

It is not just one ticking time bomb the next President will inherit from the epic fail of the Obama Presidency; it will be numerous time bombs.

Between the economy; Afghanistan; Libya; Iraq; Syria; Russia; Ukraine; and China, the next President will have multiple messes with which to have to deal.

Aug 18 10:12

Cisco confirms NSA-linked zeroday targeted its firewalls for years

Company advisories further corroborate authenticity of mysterious Shadow Brokers leak.

Aug 18 10:10

Odious Debt And The Betrayal Of The Popular Will In Greece

After Syriza’s “treason”, Zoe Konstantopoulou, ex-Speaker of Greece’s Parliament, founds a new party to unburden Greece of its odious debt.

Aug 18 10:10

Appeals Court Bars Feds From Prosecuting Medical Marijuana Cases

The ruling on Tuesday by the 9th U.S. Circuit Court of Appeals in San Francisco comes despite the fact that marijuana remains illegal in any form on the federal level

Aug 18 09:48

Caterpillar Retail Orders Suffer Second Biggest Plunge Since Financial Crisis

Caterpillar's rolling 3-month retail machine sales dropped by 19% in July vs the more modest 12% fall in June and May.

Aug 18 09:35

Asda has worst quarterly sales drop blaming food deflation

Asda has reported a drop in sales of 7.5% in the past three months, its worst quarterly performance on record.

Walmart chief executive Doug McMillon blamed the dip on food deflation and "the competitive environment".

Aug 18 09:26

The Justice Department Is Going To Stop Using Private Prisons

The Justice Department plans to stop using privately run prisons that typically house undocumented federal inmates following a report finding they are less safe than those that are federally run, Deputy Attorney General Sally Yates said Thursday.

Webmaster's Commentary: 

I will believe this when I actually see it.

The private prison lobby has become huge within the last decade, and I don't know how ready our" gangsta class" politicians are to embrace the lack of contributions such a move on the the part of the Justice Department will create.

Aug 18 09:08

BARACK OBAMA: FROM PEACE PRIZE TO WORLD’S BIGGEST ARMS DEALER IN 8 SHORT YEARS

On Thursday, the U.S. State Department approved the sale of more military equipment, valued at around $1.15 billion USD, to the oil-rich kingdom of Saudi Arabia. This sounds like a lot of money to most of us, but the most frightening aspect of the sale is that it represents a continuation of an arms-dealing relationship between Washington and the Saudi regime, which has been worth over $50 billion USD in arms sales to date.

Webmaster's Commentary: 

Ah yes, our beloved Warmonger and Dealer of Death-in-Chief!!

And as to the Nobel Nominating Committee; your "prize" has devolved into an absolute and complete sick joke, considering that your actually awarded it to both Henry Kissinger, as well as to President Obama.

And let me suggest to the Nobel Nominating Committee the following (and not terribly "out there") scenario.

IF internal DNC and White House polling suggests that Donald Trump may win the election in a landslide, it is highly likely that the Obama Administration will potentially start wars with China and Russia well before the election in November to give Donald Trump the worst situations to deal with even before he takes the Oath of Office in January.

Right now, I would not bet against this, were I a betting person.

Aug 18 08:41

Economics Counterfeiters Hackers & Rigged Elections

We accept that the Intel Agencies engineer coups, color revolutions, drug running etc, so why not rigging the elections and our money supply.

Aug 18 07:40

REVEALED: The ticking timebomb facing Eurozone economies no one has thought about

THE eurozone's economic growth is set for another blow in the coming years, as its ageing workforce is a crisis in waiting, the International Monetary Fund (IMF) has warned.

Aug 18 06:59

Europe lost the US-Russian war, two years ago already.

Yes, this was written two years ago today, in the wake of the Russian counter-sanctions. Some saw it, even then, and today, well, here we are.

War: you are either at war or you aren't. There is no pretending. For ignoring this simple fact, Europe is in the whirlwind, completely disoriented in search of benchmarks that it no longer has.

The war the US is waging against Russia is a war to the death. Europe, at once actor and at stake, does not want this outcome but, victim of its protective alliances and its historic, though now artificial status, is obliged and even ordered to take sides with its Great Protector. This war is not hers, but she has to do it. Then she makes believe, since both protagonists know the outcome can only be the total defeat of one or the other, reflected either in the full and complete submission of Russia or the US loss of any hegemony.

Aug 18 04:07

GoldMoney -- Gold Always Wins

Aug 17 16:01

This 'Shady Practice' Is Keeping Stocks Afloat

Before earnings reports come out, stock analysts issue earnings estimates. They say what they think earnings will come in at, often down to the penny.

Research firms take the average of these estimates to get a “consensus earnings estimate.”

If a company beats the consensus estimate, that’s known as an “earnings surprise.” This will usually lift a company’s stock. If earnings fall short of the consensus estimate, a company’s stock will usually fall.

Aug 17 15:33

Gold Production In Sudan: Primary Resource For The Recovery Of Country’s Economy

Gold is a primary resource for the recovery of Sudan’s economy and its production involves 1mn people.

Aug 17 15:26

How Much Longer Can They Ignore Reality? “Real Economists Would See An Economy Collapsing” — Paul Craig Roberts

The reason that Americans have no income from their savings is that public authorities put the welfare of a handful of “banks too big to fail” above the welfare of the American people. The enormous liquidity created by the Federal Reserve has gone into the financial system where it has driven up the prices of financial instruments. There has been a stock market recovery but not an economic recovery.

Aug 17 14:23

European Banks Looking At Storing Cash

Aug 17 13:26

Silve Producer: Silver $200 - Gold $8000

Aug 17 13:17

The Odds of a Global Food Crisis Are Rising

Aug 17 12:54

After he was shot, 9-year-old Kansas City boy snuggled up to his big brother and died, dad says

The majority of Black Americans murdered every year are killed by other blacks. But the enablers are in DC!

KANSAS CITY, Mo. -- Kansas City police believe that at some point the people responsible for the murders of two boys early Saturday morning at 58th and College were inside the home.

"I do not get it. I swear. We have to protect the future. He's the future," said Jayson Ugwuh, Jayden Ugwuh's dad.

Montell and JaydenUgwuh was only 9-years-old and his cousin Montell Ross, 8-years-old. They were killed early Saturday morning when a gunman sprayed bullets into the family home where Jayden and Montell were sleeping. Altogether, there were six children sleeping inside the home at the time.

Aug 17 12:37

James Howard Kunstler: Racketeering Is Ruining Us

Racketeering is just pervasive in all of our activities. Not just in politics but in things even like medicine and education. Obviously the college loan scheme is an example of racketeering. Anybody who has to go to an emergency room with a child whose broken their finger or something, is going to end up with a bill for $20,000. You know why? Because of medical racketeering. And so, these are really efforts to money-grub by any means necessary, often in ways that are unethical and probably illegal. Let’s use that word racketeering to describe our national situation.

And let’s remember by the way, the activities of the central banks is just another form of racketeering. Using debt issuance and attempting to control interest rates in order to conceal our inability to generate the kind of real wealth that we need to continue as a techno-industrial society.

Aug 17 12:23

More Crony Capitalism: Aetna Gives An Ultimatum To The DOJ - "If Humana Deal Is Blocked, We Exit Obamacare"

US health insurer Aetna already made waves earlier this week when it announced on Monday that it would exit 11 of 15 state exchanges in which it offers Obamacare plans as a result of mushrooming financial losses. While that move was largely expected due to the inherent flaws in Obamacare, today it surprised market watchers, and its shareholders, again by handing an ultimatum to the Department of Justice, and thus the US government, threatening it would immediately reduce its presence in the remaining Affordable Care Act exchanges and cancel a planned expansion, if its merger with Humana was blocked.

Aug 17 12:15

Medical schools benefit from Weak economy, as Body Donations on the Rise

"Not too long ago, it was taboo. Now we have thousands of registered donors,"

Aug 17 12:01

Lord Rothschild Warns Of Economic Collapse

Aug 17 10:22

Walmart is too cheap to pay for proper security — so now it’s freeloading off taxpayers

Walmart’s traditional modus operandi has been to offer the lowest prices by slashing operating expenses wherever it can find them — including wages and benefits.

In fact, Walmart is so cheap that, back in 2013, a store in Ohio held a food drive to help make sure some of its own employees wouldn’t go hungry on Thanksgiving.

With this in mind, it’s not too surprising to learn that Walmart is also dirt cheap when it comes to paying for proper store security — and it’s putting a strain on local police budgets.

Bloomberg Businessweek has a very detailed new report that shows how police departments around the country are getting fed up with Walmart’s unwillingness to invest in proper store security infrastructure. In fact, it seems that Walmart’s security is so notoriously lax that its stores have become magnets for criminals who know it will be easier to commit crimes in them.

Aug 17 10:18

OVERWHELMED BY DEBT, NEARLY 1 IN 5 YOUNG ADULTS LIVE WITH THEIR PARENTS OR GRANDPARENTS

In America today, more than 60 million people live in multi-generational households. That number is so large that it may seem difficult to believe, but the truth is that vast numbers of young adults have had to move back in with their parents and grandparents in recent years due to the deteriorating economy. Millions of our young people cannot find decent jobs once they leave school, and millions of them are absolutely overwhelmed by debt. Of course some of them are just lazy, but whatever the reason it is undeniable that multi-generational households are on the rise. According to the Pew Research Center, 12 percent of the U.S. population was living in multi-generational households back in 1980. Today, that number is up to 19 percent. That means nearly one out of every five U.S. adults now live with their parents or their grandparents.

One of the big culprits, of course, is student loan debt.

Webmaster's Commentary: 

Young people must, right now, do their own due dilligence about what jobs will most likely exist in what fields by the time they have graduated; do not believe one thing a college counselor might tell you, because they are there to assure that classroom seats are filled, and the appropriate tuitions paid, either through private means, or student loans, which can haunt you.

If you do a web search on google.com, here is a question you may want to ask:

What are the best paying jobs which do not require a college degree?

You may be surprised at what is possible here, and will not put you under a mountain of debt. And you need to start looking in your sophomore year of high school.

Aug 17 09:45

The Unreported Economic Decline: 1 In 5 Young Adults Drowning In Debt

In America today, more than 60 million people live in multi-generational households. That number is so large that it may seem difficult to believe, but the truth is that vast numbers of young adults have had to move back in with their parents and grandparents in recent years due to the deteriorating economy. Millions of our young people cannot find decent jobs once they leave school, and millions of them are absolutely overwhelmed by debt. Of course some of them are just lazy, but whatever the reason it is undeniable that multi-generational households are on the rise. According to the Pew Research Center, 12 percent of the U.S. population was living in multi-generational households back in 1980. Today, that number is up to 19 percent. That means nearly one out of every five U.S. adults now live with their parents or their grandparents.

Aug 17 09:31

Global central banks are unloading America's debt.

In the first six months of this year, foreign central banks sold a net $192 billion of U.S. Treasury bonds, more than double the pace in the same period last year, when they sold $83 billion.

China, Japan, France, Brazil and Colombia led the pack of countries dumping U.S. debt.

Aug 17 09:30

Peak Season Shipping Slumps: Containers Crash, Traffic Tumbles Most In 6 Years

The Port of Long Beach Posts a 7.7% Drop in Container Volumes compared to July 2015. The port attributes the decline to high inventory levels and a slow start to the peak season.

Aug 17 09:04

World seeing ‘greatest monetary policy experiment in history’ - Rothschild

Low interest rates, negative yields on government debt and quantitative easing are part of the biggest financial experiment in world history, and the consequences are yet unknown, says RIT Capital Partners Chairman Lord Rothschild.

“The six months under review have seen central bankers continuing what is surely the greatest experiment in monetary policy in the history of the world. We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low interest rates, with some 30 percent of global government debt at negative yields, combined with quantitative easing on a massive scale,” Rothschild writes in the company's semi-annual financial report.

Aug 17 09:01

How Can Stock Market Jockeys Be This Stupid?

Aug 17 08:35

The SHOCKING graph that proves Portugal is gaining on Italy in the economic 'DOOM LOOP'

PORTUGAL'S banks are catching up with Italy in terms of the so-called doom loop measure of fragility.

Italian banks have been struggling amid billions of pounds worth of bad loans, but it is also heavily exposed to debt issued by the government.

Portugal is rapidly getting itself into a similar position, according to Zerohedge.com.

Essentially, weak banks and financially weak governments are dragging each other down in the so-called doom loop.

Aug 17 08:12

Billionaire Soros doubles bet against US stocks

Soros Fund Management has increased its bearish bet against US companies on the S&P 500 index. Its billionaire owner will make money if the index collapses.

Aug 17 08:04

At Least Six Swing States Face Double-Digit Premium Hikes under Obamacare

Double-digit Obamacare premium hikes projected in 2017 may bode in Donald Trump’s favor, as several swing states are being impacted by double-digit increases under the law and consumers are expected to see the hikes around Nov. 1 — one week before heading to the polls.

Webmaster's Commentary: 

Aug 17 07:54

Did Canada Sell Its Gold to Prepare for the North American Union?

It’s never been clear why Canada sold ALL its gold, HERE, but perhaps it has to do with the potential, upcoming North American Union.

Just the other day, we wrote that Hillary’s plans are obviously to support the creation of the NAU. You can see the article HERE, entitled, “Hillary Plans Steps Toward North American Union If Elected.”

We’ve been writing about the resurgence of the NAU for years – and then more recently for months as regards this campaign. Gradually, the alternative media is becoming more aware of how high the stakes really are.

Aug 17 07:01

45th Anniversary Of Nixon Ending The Gold Standard

This week 45 years ago, August 15th 1971 to be exact, President Nixon suddenly declared the end of the Gold Standard. He ushered in the modern monetary system based on fiat paper and digital currency that works so poorly for us today and led to the global financial crisis.

Aug 17 04:50

Central banks dump U.S. debt at record pace

Aug 16 18:10

Every major cable TV company lost subscribers last quarter

Top pay-TV operators lost 665,000 subscribers in Q2 2016.

Aug 16 17:06

Global central banks dump USA debt at record pace…

In the first six months of this year, foreign central banks sold a net $192 billion of U.S. Treasury bonds, more than double the pace in the same period last year, when they sold $83 billion. China, Japan, France, Brazil and Colombia led the pack of countries dumping U.S. debt. -- It’s the largest selloff of U.S. debt since at least 1978, according to Treasury Department data.

Aug 16 16:07

ALERT: Bone Chilling 1988 Economic Prediction

Aug 16 15:21

U.S. ‘Debt Held by Public’ Tops $14,000,000,000,000; Up 122% Under Obama

The federal government’s “debt held by the public”—as opposed to its “intragovernmental debt”—has topped $14,000,000,000,000 for the first time in history, according to the latest numbers released by the U.S. Treasury.

Aug 16 14:53

The "$500 Million Club" Of Colleges Tends To Be Stingy With Aid To Low-Income Students

Call them the top four percent: elite private colleges and universities that together sit atop three-quarters of the higher education terrain’s endowment wealth.

Aug 16 13:56

Central Bankers Are Choking the Economy

When will central bankers conclude that it’s their own medicine that is actually making the economy sick? They will not make that connection until they succeed in killing the patient…and even then they may continue to administer the same toxic medicine to a corpse. The political pressure is just too great to ever admit their mistakes, so they repeat them indefinitely.

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