ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jul 26 16:04

McDonald’s To Close 500 More Stores In 2016 As Consumers Adopt Healthier Habits

In 2015, McDonald’s closed 700 restaurants to save money. 2016 doesn’t seem to be faring much better for the fast food corporation… As you might remember, the corporation ended up closing 700 restaurants around the world in 2015 – 350 more than was initially planned. At the time, McDonald’s spokesperson Beca Hary…

Jul 26 15:23

A Fifth Of Parents Skip Meals So Kids Don’t Go Hungry During Summer Break

A fifth of parents go hungry during the day in order to ensure their children get enough food in the long summer school holiday, a survey by a leading poverty charity has found.

Jul 26 14:50

NZ Asians At Risk Of Exploitation – Study

Last week in New Zealand a report was released by the Families Commission that focused on how families from different ethnicities were faring.

Jul 26 14:33

Can Hyperinflation Really Happen?

Jul 26 13:59

Over $100,000: How Much Big Finance Rips You Off

We estimate that the financial system will impose an excess cost of as much as $22.7 trillion between 1990 and 2023, making finance in its current form a net drag on the American economy.

That is indeed a drag.

Jul 26 13:53

AHEAD: $100 Silver, $10,000 Gold | Bo Polny

Jul 26 12:21

Crude Oil Markets Smell a Rat

Jul 26 11:33

Reagan's Budget Director Explains Trump's Popularity

Ronald Reagan budget director explains why Donald Trump is so popular: Big Government's bias
***
Trump's appeal to racists and xenophobes is a sideshow aspect of his campaign, Stockman argues. It really is the economy that matters. Like Trump and democratic-socialist Bernie Sanders, Stockman says that for a wide swath of Americans, the U.S. government under both Republicans and Democrats over the past three decades has boosted wealthy "elites" at the expense of "Main Street."
***
Stockman, a strong proponent of supply-side economics during his time in politics, believes the so-called elites soon will be feeling the pain too.>>>

Jul 26 11:21

‘Clintonville’ Reflects True Horror of Poverty in US

Kensington is a community where poverty in certain sections exceeds 57 percent. The unemployment rate in Kensington averages 19.1 percent, a figure that is nearly five times the current national average. Kensington is also a community with high levels of drug addiction and numerous drug sale locations. Stein stopped at an intersection in Kensington known as one of Philadelphia’s top drug sale/use locations.

“Kensington is what too much of America looks like,” Stein said. “In America today most people either live in poverty or are near poverty. This must change! Government today works for the wealthy special interests and not in the interests of most people.”

Jul 26 10:57

In Signal to Military, Hillary Clinton Picks Senator Tim Kaine as Running Mate

In selecting Kaine, Clinton is making clear that she plans on running a right-wing, pro-war campaign targeted at winning over the military and sections of the Republican Party dissatisfied with Trump, and particularly with the Republican candidate’s attitude toward Russia. Clinton also wanted to repudiate any association with the issues of social inequality that motivated the widespread support for her main rival in the primaries, Vermont Senator Bernie Sanders.

Kaine is among the most hawkish figures among Senate Democrats. As governor of Virginia from 2006 to 2010, Kaine oversaw billions of dollars in cuts to the state budget. The state of Virginia is a major center for the military and defense industry, and is home to the Pentagon and the headquarters of the CIA.

Between 2009 and 2011, Kaine served as the head of the Democratic National Committee, the leadership body of the Democratic Party. He is close to Wall Street, having recently backed measures to deregulate banks.

Jul 26 09:58

$82 million in travel expenses! I can barely fill my gas tank...

Secret Service charges for Obama and his staff to attend the Conference cost taxpayers $1,324,171.60. Flight expenses cost $1,652,124.60, bringing the total expenditure for the conference to at least $2,976,296.20. To date, Obama’s known travel expenses total $82,606,703.13

Jul 26 08:53

These Feelings Won't Go Away

***
Despite all of the buzz about stocks breaking out to new all-time highs, the reality remains that stocks have effectively been stuck in a sideways trading channel for nearly two years. Sure, they have soared over the past week, but they are still only +3% above where they were in late 2014. Stocks as measured by the S&P 500 Index (NYSEARCA:SPY) have soared since 'Brexit' in late June, but they also soared even more impressively from their October 2014, September 2015 and February 2016 lows. Conversely, they also plunged notably from their September 2014, May 2015 and November 2015 highs. In short, it has been a wild ride to squeeze out three percentage points in price return over the past couple of years.

One of the forces that has accompanied these wild market swings has been similarly reactive words from the U.S. Federal Reserve>>>

Jul 26 08:25

EU KILLS OFF Spain's dream of high-speed trains and orders it to PAY BACK £117million

THE EU has ordered Spain to pay back €140million (£117million) in state aid it has already forked out on a high-speed train test centre.

Jul 26 08:00

The path to Fed-exit

I recently proposed that the liberty movement capitalize on Brexit with “Fed-exit”: a campaign to “secede” from the Federal Reserve. Fed-exit could be accomplished with a few simple policy changes.

Jul 26 07:28

Hillary Clinton Is In Deep Trouble: "Hordes Of Wall Street Executives" Descend Upon Philly

I believe Hillary Clinton lost the Presidency this past week. While the explosive DNC leaks will undoubtably have a long lasting effect, this post will barely reference the leaks. Rather, it will explain how recent decisions by the Hillary campaign played right into Trump’s hands by essentially waving a gigantic middle finger to the 73% of Americans who think the country is headed in the wrong direction.

What Hillary Clinton did in selecting Tim Kaine as VP was send a clear signal that not only is she the status quo candidate, she is proud of it. She didn’t just double down on being the establishment candidate, she tripled and quadrupled down. There is now no denying that Hillary Clinton is implicitly running on only two themes.

1. Trump is scary. I am not Trump.

2. Things aren’t really bad. I’ll continue along the path we’ve been on.

Webmaster's Commentary: 


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Jul 26 07:25

Bank threatens charges as negative interest rates loom

Customers could be charged for depositing money in their accounts after one of Britain’s biggest banks took a step towards negative interest rates.

Hundreds of thousands of NatWest business customers have been warned that they could be made to pay a fee for having a credit balance. The announcement opens the way for a high street bank to introduce negative interest rates — with savers effectively penalised for depositing money — for the first time in Britain.

Webmaster's Commentary: 

Hence the push to ban cash, because otherwise people will empty their accounts and keep their money at home.

Jul 26 06:58

Why the US Government Refuses to Turn on Monsanto

Many have pondered how Monsanto managed to rise to such a powerful position with respect to its influence over the U.S. government, and I think journalist Abby Martin may have pin-pointed the source of this obnoxious loyalty in her recent video report, "America's Monster" (below).

In it, she details Monsanto's history as an American "war horse," which began with its involvement in the Manhattan Project and the creation of the atomic bomb. Monsanto's contributions to the U.S. war machine continued during the Vietnam War, when the company became a leading producer of Agent Orange.

These war contributions appear to have cemented a long-lasting and loyal relationship between the U.S. government and Monsanto that continues to this day, to the detriment of the American people.

Jul 26 06:55

Mama Monsanto (feeds America some fine Italian cooking right out of her own kitchen lab)

http://www.funnyordie.com/videos/3910cfabe8/mama-monsanto-and-genetically-modified-foods?_cc=__d___&_ccid=e00beb99-2c92-44fe-8b9d-3514f3a02a1f]

Jul 25 16:04

Savers fear negative interest rates as Natwest warns businesses might have to pay to hold cash

Natwest has become the first bank to warn business customers it may charge them negative interest rates on money held in current accounts.

In what is believed to be a UK first, the bank has signalled its intention to force account holders to either pay to hold money or move funds elsewhere.

Bend over and spread 'em!

Jul 25 14:38

America Needs An Old-Fashioned Depression

Describing what he called the “crack-up boom”, Ludwig von Mises, the great Austrian economist, said:

The boom cannot continue indefinitely. There are two alternatives. Either the banks continue the credit expansion without restriction and thus cause constantly mounting price increases and an ever-growing orgy of speculation – which, as in all other cases of unlimited inflation, ends in a “crack-up boom” and in a collapse of the money and credit system.

Jul 25 14:07

The path to Fed-Exit — Ron Paul

As long as the Federal Reserve is allowed to manipulate the value of money and support the welfare-warfare state, we will never have a truly free market or a free society. Therefore, all those who seek liberty, peace, and prosperity should join the effort for a Fed-exit.

Jul 25 13:59

Clinton Running Mate Tim Kaine Supported TPP, Offshore Drilling and Anti-Union, Right-to-Work Measures

As the Democratic National Convention begins in Philadelphia, tension is rising between supporters of Hillary Clinton and Bernie Sanders. The Democratic National Committee chair, Florida Congressmember Debbie Wasserman Schultz, resigned Sunday following WikiLeaks' release of nearly 20,000 emails revealing how the Democratic Party favored Hillary Clinton and worked behind the scenes to discredit and her rival, Senator Bernie Sanders. When Sanders speaks tonight at the Democratic convention, he is expected to praise the Democrats for agreeing to what he describes as the most progressive platform in Democratic Party history. But he lost a major battle with the platform when the Democratic National Committee defeated an amendment brought by his delegates to abolish superdelegates. We speak with Zaid Jilani of The Intercept, who reported on how the "DNC Votes to Keep Superdelegates, But Sets Some Conditions."

Jul 25 13:43

SIGN OF THE TIMES: RIOT CONTROL GEAR SALES ARE SOARING GLOBALLY

If you pay attention to the news at all, it probably seems like the world has been fraying at the edges lately. In South America, Brazil’s economy is crumbling and Venezuela is on the verge of collapse. In the United States, riots are expectedat political conventions. In Europe, the Brexit vote is threatening to tear apart the EU and the UK. And all over the world, people are becoming sick and tired of the status quo. In nearly every single country, people are losing their faith in major institutions and, in increasing numbers, they are losing their trust in the financial and political elitists who run those institutions.

Jul 25 12:35

Pokémon Go Is Using Your Children For Walking Ad Revenue: Petition

By Kevin Samson

The augmented reality resurrection of 1990s’ anime sensation Pokémon continues to set download records even as disturbing consequences of gameplay are exposed.

There is of course the standard tracking that any use of a smartphone will carry with it; but even by those egregious parameters, Pokémon Go takes an extra step toward fully integrating the user (and all of their contacts) into a literal matrix of mapping and surveillance...

Jul 25 11:52

Global stocks dip ahead of Fed meeting; oil drops on glut

Global equity markets edged lower on Monday as a 2 percent drop in crude prices weighed on investor sentiment and traders awaited signals of a potential interest rate increase this year from this week's meeting of U.S. Federal Reserve policymakers.

Oil prices fell to two-and-a-half month lows amid worries that a global glut of crude and refined products would weigh on markets for some time.
***
The Dow Jones industrial average .DJI fell 103.37 points, or 0.56 percent, to 18,467.48.
The S&P 500 .SPX slid 11.36 points, or 0.52 percent, to 2,163.67
and the Nasdaq Composite .IXIC lost 12.36 points, or 0.24 percent, to 5,087.80.

>>>

Jul 25 11:47

Foreign Central Banks Flee From Ugly, Tailing 2Y Treasury Auction, Lowest Bid To Cover Since 2008

We classified last month's 2Y auction as "lacklustre." This month, the best word to describe today's sale of $26 billion in 2Y paper is "dreadful."

While the yield on the auction was almost unchanged from last month, coming at 0.760%, it tailed by 1.2bps to the 0.748% When Issued, compared to last month which came on the screws at 0.745%. This was the biggest tail for this maturity going back over a year.

But if the pricing print was troubling, it was the internals that were ghastly, with a Bid to Cover sliding to 2.520, and lowest since December 2008. Worst, foreign central banks, aka Indirect Bidders, took down just 28.8%, the lowest since the summer of 2014, and with Directs taking down a modest 10.33%, this meant that Primary Dealers were left with 59.8% of the auction: the highest since May of 2013.

Jul 25 11:45

Subprime Snaps: Largest US Subprime Auto Lender Delays Earnings Due To "Accounting Matters"

We first introduced readers to Skopos Financial, a company which we dubbed "The new king of deep subprime" which we have long expected to become ground zero for the upcoming subprime auto crisis, and which is run by Santander Consumer USA veterans, last April.

This is what we said about the company that has become increasingly more prominent: "Skopos Financial, a four-year-old auto finance company based in Irving, Tex., sold a $149 million bond deal consisting of car loans made to borrowers considered so subprime you might call them—we dunno—sub-subprime?"

Webmaster's Commentary: 

It is not a question of IF the US economy is going to tank spectacularly; it is a question of when.

Jul 25 11:20

Hillary Clinton has all kinds of policies — that's the problem as she seeks a coherent message

The convention the Republicans just wrapped up in Cleveland, with its prime-time plagiarism, back-stabbing rivals and missing dignitaries, may not be a tough act to follow, but Democrats are nonetheless in a state of high anxiety as the spotlight shifts their way this week.

The party will take the stage for its own presidential nominating convention in Philadelphia at a time Hillary Clinton would be breaking records for unlikability were she not outdone by Donald Trump. In addition to distrusting her, too many voters are not clear about what she stands for and question whether she can bring about the change they crave.

Just 39% of registered voters see Clinton as a candidate who can bring the country needed change, as opposed to 50% who saw that in Trump, a recent ABC News poll found. Clinton was seen as honest and trustworthy by just slightly more than a third of voters in the poll. Trump scored slightly higher.

Webmaster's Commentary: 

The "change" the Clinton presidency will bring will be more wars of aggression; a complete return to the draft, for both young men and young women; more economic contractions; more off-shoring/outsourcing of American jobs; and an absolute decline in the standard of living for those folks who are not already millionaires.

Jul 25 10:53

Is This The Next Big Headache For Oil Prices?

Jul 25 09:52

Anonymous letter listing concerns about Canadian nuclear generating stations can’t be ignored, says NDP leader.

Federal NDP leader Tom Mulcair is demanding an independent investigation into allegations of safety problems at nuclear power generating stations in Ontario.

Mulcair criticized the Liberal government’s decision to allow the Canadian Nuclear Safety Commission (CNSC) to investigate itself in the wake of a scathing anonymous letter citing serious safety failures.

The letter was reportedly sent to commission president Michael Binder weeks ago and to media outlets this week.

It alleges CNSC management withheld information from commission panels holding licensing hearings for two nuclear plants in Ontario. The CNSC regulates the use of nuclear energy in Canada.

Jul 25 09:03

Whither Texas: Boom or Bust or Both?

Jul 25 08:52

"BILLIONAIRES FOR BILLARY": MIKE BLOOMBERG WILL ENDORSE HILLARY

First The Koch Brothers switch sides and now Michael Bloomberg backs Clinton as it appears America's oligarchy is showing its true colors as 'Billionaires for Billary' emerge from the RNC woodwork...

As The NY Times reports, Michael R. Bloomberg, who bypassed his own run for the presidency this election cycle, will endorse Hillary Clinton in a prime-time address at the Democratic convention and make the case for Mrs. Clinton as the best choice for moderate voters in 2016, an adviser to Mr. Bloomberg said.

The news is an unexpected move from Mr. Bloomberg, who has not been a member of the Democratic Party since 2000; was elected the mayor of New York City as a Republican; and later became an independent.

Mr. Bloomberg will vouch for Mrs. Clinton “from the perspective of a business leader and an independent,” said Howard Wolfson, a senior adviser to Mr. Bloomberg.

Webmaster's Commentary: 

"...the clear choice..." for whom, please?!?

For those who profit from death, wars, income inequality, and the continued outsourcing/offshoring of American jobs?!?

And let's take a look at the moral factor in from whom the Clinton Foundation has taken money, in terms of the Clinton Foundation, that incredible "pay to play" slush fund the Clintons founded. As reported at truthfeed.com:

http://truthfeed.com/sean-hannity-publishes-list-of-middle-east-countries-hillary-has-taken-money-from-that-punish-gays-with-death/7237/

And what, aside from killing, castrating, or jailing homosexuals, do all these countries mentioned above have in common?!?

Not only do these countries punish gay/lesbian people with death, imprisonment, and chemical castration, l let's see what other"wonderful
things" they allow to happen in women in these countries
:

THEY ALL STILL PERMIT FEMALE GENITAL MUTILATION.
Countries which still allow the practice of female genital mutilation

So let me get my head around this; Clinton is "absolutely fine" with accepting money from countries which still castrate and kill gay people, and genitally mutilate their women, yet Clinton is characterized by Michael Bloomberg as "the clear choice" in this election?!?

One has to come to two inescapable conclusions here; Mr. Bloomberg is either too completely stupid to realise the prevalence of these practices in countries from which the Clinton Foundation has taken money, or just sees Clinton as the better "financial ally" for his present and future investments.

Jul 25 08:51

TEXAS SHERIFFS RAID RAW MILK EXCHANGES… REAL COUNTRY FOOD FROM A COW IS NOW ILLEGAL IN TEXAS

Buying milk about as close to nature as it gets – directly from the cow – is still a punishable offense in many areas of the U.S., and residents of the Houston, Texas, suburb of Katy were reminded of this recently, after being paid a visit by police officers for the “crime” of buying and selling raw dairy products on private property.

Jul 25 08:48

IMF's 'Competitiveness Drive' Leaves 127,000 Greeks Earnings Under $110 Per Month

The dramatic shrinkage of Greek earnings due to recession, the explosion of unemployment and the dominance of flexible forms of employment is exposed in a new document submitted by an experts’ committee to Greek Labor Ministry. As KeepTalkingGreece reports, the document featured details wage inequality during the period 2010-2015 and exposes a new social class of workers: the Neo-Poor Greeks earning wages much less than the unemployment allowance of 360 euro.

Jul 25 08:21

Hammond Warns Of Brexit Global ‘Shadow,’ Says Is Mulling Trade Deal With China

British Chancellor of the Exchequer Philip Hammond says the country is considering a free trade deal with China, further warning that Brexit could cast a “shadow” on the world economy.

The British finance minister made the remarks on the sidelines of the G20 meeting of leading world economies in an interview with the BBC and Sky News on Sunday in the Chinese city of Chengdu.

Jul 25 08:16

Is the ECB out of Control?

Jul 25 08:05

CHINA BANS WEBSITES FROM ORIGINAL REPORTING

It was about six months ago when global stock markets were crashing, that China tightened its control on local media, and ordered the local press and news outlets to stick to "positive reporting" or else "risk the stability of the country." As we reported back in February "China is now openly declaring war on anyone who dares to even suggest that not all may be well in China. A separate commentary by Xinhua yesterday said that controlling public opinion was essential for a a ruling party: “With one hand we grab the guns; with the other we grab the pens,” it said. “Mobilising public opinion is the great tradition of our party.”In other words, China is worried that popular anger and negative sentiment is starting to stir especially after the recent economic troubles, and that those who dare to promote an objective version of reality will likely be promptly quieted."

Webmaster's Commentary: 

Hey, isn't the US economy supposed to be in a "recovery"?!?

Perhaps; but if it is, it is only for the one percenters out there, and definitely NOT for "We the People".

Jul 25 08:01

They’re Selected Not Elected – Rothschild Hosts $100,000 A Plate Dinner For Guess Who

Apart from corporate sponsors like big oil and energy companies, it’s not a secret that Hillary has the banking of those who literally control the supply of money, those who basically created this entire system. A great example comes from a $100,000 a head fundraiser at the home of Lynn Forester de Rothschild, a prominent New York businesswoman, and a member of the famous Rothschild banking family. A family that has been accused of, as Jay Syrmopoulos from The Free Thought Project puts it, “pulling the strings of many different governments through their control of various economic systems throughout the world.” Prior to this fundraiser, Wikileaks Clinton emails release shed further light on Hillary’s relationship with the Rothschild family.

Jul 24 19:14

Academy bosses are spending thousands of taxpayers' money on first class travel, expensive restaurants and luxury hotels

Academy bosses are spending thousands of pounds of taxpayers’ money on top-end restaurants, hotels, first-class travel, private health care and executive cars, an investigation has found.

Channel 4’s Dispatches conducted a mass audit of receipts from schools across the country and found huge amounts are being spent on luxury services.

The data, obtained under the Freedom of information Act, revealed the largest 40 Academy Trusts have spent more than £1million of public money on executive expenses since 2012.

Jul 24 15:55

Eric Trump’s full speech at the 2016 Republican National Convention

“To whom much is given, much will be required.

“This is the very belief that made my father make this great sacrifice.
“To run for the most powerful yet unforgiving office in the world.

“There is no greater calling….

“Vote for the candidate who can’t be bought, sold, purchased, coerced, intimidated or steered from the path that is right, and just and true….

“To the veteran tuning into this speech from his or her hospital, whose been ignored and disrespected by an ungrateful system, my father is running for you….

“Vote for the one candidate who does not need this job.”

— Eric Trump, son of GOP presidential nominee Donald Trump, spoke Wednesday night at the Republican National Convention in Cleveland.

Jul 24 15:53

It’s About To Get Ugly: “You Better Have Some Exposure To Hard Assets”

Given the choice between banker promises to pay on ever-depreciating fiat currencies or gold, the answer should be clear.

Jul 24 15:39

Jill Stein Just BLASTED the DNC Over Leaked Emails

“This latest revelation from WikiLeaks underscores how much the media is in bed with the DNC to circle the wagons around Hillary,” Stein told US Uncut in a phone interview. “The corruption and underhanded tactics and deception and conspiratorial efforts to silence Bernie and delegitimize him — I mean, welcome to the Green Party. This is what we’ve been up against forever.”

“The leaked DNC emails are the smoking gun that the Democratic establishment was rigging the game against Bernie the whole time,” Stein said in a press release issued by her campaign. “Instead of running the process impartially and letting the voters decide, top Democratic officials were doing all they could to ensure a Clinton victory, including collusion with journalists to present a pro-Clinton, anti-Sanders narrative.”

Jul 24 15:31

CHARMING! Mike Pence – Paul Ryan intro – Republican National Convention

Mike Pence rallies crowd behind Trump, takes on Hillary Clinton:

Hillary Clinton, Secretary of status quo, looking for another title ?

“HILLARY CLINTON WILL NEVER BECOME PRESIDENT OF UNITED STATES OF AMERICA” – MIKE PENCE

Jul 24 14:05

HOT On the Way to a One World Order Currency: IMF Will Study Expanded Use of SDR

I have already reported that G-20 Finance Ministers and Central Bank Governors have been meeting in Chengdu, China this weekend. It is never good news when these one world order technocrats and operatives are in the same room. The news out of this weekend's meeting is particularly disturbing. A new march appears to be under way for a one world order reserve currency.

Jul 24 10:42

Is Gold Set To Hit $1,500 Per Ounce?

Jul 24 09:38

END OF AN ERA: THE RISE AND FALL OF THE PETRODOLLAR SYSTEM

“The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better.”

Ron Paul

Jul 24 08:45

With friends like Brussels, who needs enemies? EU to fine Greece for saving ship builders

BRUSSELS bureaucrats are set to fine impoverished Greece a million euros every month in revenge for its Government stepping in to save ship builders’ jobs.

Out of touch eurocrats are seeking a court order for a massive financial crackdown on the struggling country, which has been driven into third world poverty by EU policies.

They want to impose a six million euro upfront penalty on Greece’s cash-strapped government, to be followed by a daily levy of 34,974 euros.

The row has erupted because Greek ministers used taxpayers money to save the Hellenic Shipyards company in 2008, guaranteeing the jobs of more than a thousand workers.

Jul 24 08:39

GLOBAL COLLAPSE UPDATE -- David Jensen

Jul 24 07:37

Outrage as Milton Keynes Council admit it destroys homeless people’s tents

Residents have expressed their outrage that the tents of the homeless are being cleared up by Milton Keynes Council, and some have even had eviction notices put on them, despite these tents being issued by charities and organisations trying to help homeless people the city.

Jul 23 16:11

Goldman: The Last Two Times P/E Multiples Expanded This Much, The Result Was A Historic Crash

"The current P/E expansion cycle is now one of the largest in history. Since September 2011, S&P 500 forward P/E has grown by 75% (from 10x to 18x). This expansion has only been surpassed twice since 1976, when the multiple rose by 111% from 1984-1987 (ending with the 22% Black Monday collapse) and by 115% from 1994-1999 (ending with the Tech Bubble pop)." - Goldman Sachs

Jul 23 08:48

A serious warning nobody is talking about…

Jul 23 08:24

End of a British retail icon as all BHS stores to close within a month - 5000 jobs lost

EVERY BHS store in the country will close within a month leaving 5,000 workers without a job.

Jul 23 08:18

Fund Manager Warns Japanese Launch of Physical Gold Exchange Is Signalling The End Game

Japan announced announced last week that its TOCOM commodity exchange would begin trading physical gold – like the Shanghai Gold Exchange – on July 25th.

The news of this event was largely muted in the western financial media and even the alternative media blogosphere largely seems to have overlooked the news release. But this is a highly significant development because it signals a subtle shift in Japan’s economic and monetary focus from west to east.

It will also create an big upward price-readjustment in gold and silver…

Jul 23 08:14

World's Airlines Crashing At Worst Rate Since 2008

With 'terrorist' incidents breaking out everywhere from San Bernardino to the south of France, it is perhaps no surprise that the world's airlines are struggling. But, as Bloomberg notes, over-capacity, rising fuel costs (so far this year), and weaker demand have hurt profits and crushed airline stocks to their worst year since 2008...

Jul 23 07:59

Will the US use a quick trade deal with Brexit Britain as an EU TTIP trojan horse?

American officials may be looking to sign a quick and easy trade deal with the UK following last month’s Brexit vote in an attempt to breathe life into the stalled TTIP agreement between the US and EU.

US attitudes towards a bilateral agreement with Britain have softened just months after President Barack Obama said Britain would “go to the back of the queue” for trade deals if it voted for Brexit.

US Secretary of State John Kerry discussed a bilateral deal with his UK counterpart, Foreign Secretary Boris Johnson, during a visit to London this week.

Jul 23 07:58

SAVAK Terrorism & US Multinationals

Wherever the Four Horsemen (Exxon Mobil, Chevron Texaco, BP Amoco & Royal Dutch/Shell) gallop the CIA is close behind. Iran was no exception. By 1957 the Company, as intelligence insiders know the CIA, created one of its first Frankensteins – the Shah of Iran’s brutal secret police known as SAVAK.

Kermit Roosevelt, the Mossadegh coup-master turned Northrop salesman, admitted in his memoirs that SAVAK was 100% created by the CIA and Mossad, the Israeli intelligence agency that acts as appendage of the CIA. For the next 20 years the CIA and SAVAK were joined at the hip when it came to matters of Persian Gulf security.

Jul 23 07:47

How the Dollar Destroyed the Middle Class

Jul 23 07:02

Britain's economy will be STRONGER after Brexit, business leaders confirm

Senior executives from sectors including banking, property and tourism said Brexit will not mean "doom and gloom" for British business but is an opportunity to stand up and show the rest of the world how strong the country is.

Jul 22 18:57

UK Economy Shrinking At Fastest Rate Since 2009: Survey

The British economy has shrunk at its fastest rate since April 2009 — the peak of the 2007-08 financial crisis – following the vote to leave the European Union (EU), according to a business survey.

Jul 22 17:38

“It Is Really Hard To Argue With Trump About This”: Face It, America Is In Decline

America is in decline. There are some that still attempt to deny this, but the reason why Donald Trump’s campaign slogan has so strongly resonated with the American people is because deep inside most of us realize that America is not as great as it used to be. Our economy is a mess, we are 19 trillion dollars in debt, our infrastructure is crumbling, crime is on the rise, moral decay is all around us, other countries don’t respect us as much anymore, and our nation is the most divided that it has been in decades. Anyone that believes that America is better than it has ever been in 2016 is either completely delusional or simply has not been paying attention.

Jul 22 16:21

19.4 Trillion Dollars In Debt – We Have Added 1.1 Trillion Dollars A Year To The National Debt Under Obama

We have added an average of 1.1 trillion dollars a year to the national debt under Obama, and we still have about six more months to go. Unfortunately, this Ponzi scheme cannot go on forever and a day of reckoning is coming. And when it arrives, the pain that it is going to cause for ordinary Americans is going to be far greater than most of us would dare to imagine.

Jul 22 16:14

America Needs a Good, Old-Fashioned Economic Depression

The central bankers’ ability to defy economic gravity may, at long last, be coming to an end. Even the radical Keynesian, Richard Koo has recognized the outrage of NIRP, which he recently described as “an act of desperation born out of despair over the inability of quantitative easing and inflation targeting to produce the desired results… the failure of monetary easing symbolizes crisis in macroeconomics."

Jul 22 15:37

More Clinton scandals: Decades Of Money Laundering By HSBC Ignored By Holder At DOJ

Bill Black says the Republicans could embarrass Barack Obama, Hillary Clinton, and Loretta Lynch by demanding further investigation.

Jul 22 14:48

Keiser Report: Crisis Of Capitalism (Summer Solutions Series E942)

In this special episode of the 2016 Summer Solutions series of the Keiser Report, Max and Stacy talk to Dmitry Orlov, author of The Collapse Gap.

Jul 22 11:47

UK Economy Must Suffer Over ‘Mad’ Brexit Decision, Insists EU Divorce Clause Author

Only significant economic damage from its ‘mad’ decision to leave the EU might force Britain to change its mind, the author of the Article 50 divorce clause said. The former Italian PM added that the “safety valve” was never really intended to be used.

Jul 22 11:34

Middle Class Scam Hits 9-Year High In June

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