ECONOMY | WHAT REALLY HAPPENED


ECONOMY

n/a
Jul 02 16:07

Biotechs Building Base?…Or Bursting Bubble?

Jul 02 15:16

Who Owns Your Body?

“When we give government the power to make medical decisions for us, we in essence accept that the state owns our bodies.”
? Ron Paul

n/a
Jul 02 09:41

Central Banks Are the Problem

Jul 02 09:18

The First Amendment, BDS and Third-Party Candidates

I am still against choosing to be ruled but it's interesting that only third party candidates can support BDS

Jul 02 08:34

FLASHBACK - How To End TBTF? Do What Vietnam Does: Sentence Bankers To Death By Firing Squad

What is funniest, of course, is that there is a gloriously simple solution to all the world's TBTF problems, one that could be enacted in a HFT millisecond by pulling the trigger, so to speak.

The solution comes from none other than that historic US nemesis, Vietnam, where unscrupulous financiers don't just go to jail. Sometimes, they get death row.

Webmaster's Commentary: 

Use little tiny bullets! Repeat as needed.

Jul 02 07:36

If You Ever Thought Your Vote Counted, Try Homelessness

A whole lot of armchair politico-ing going on, but it’s still a million miles from justice

Daily, the job of a social worker is to inspire, to show the way, pave some sort of less bumpy path, enlighten, mentor, listen to, value, drive, serve, formulate, plan for, seek money with, engender kinship, provide case managing, and reflect upon the lives of some amazingly resilient survivors.

Jul 02 07:36

UK Should Keep Access To Common Market: Analyst

The United Kingdom should negotiate “the best possible deal” with the European Union to maintain its access to the common market to secure its financial investments, says a political commentator in London.

Jul 02 07:26

French unions reject government amendments to labour law reforms

Trade unions have strongly rejected the French government’s new amendments to controversial labor reforms, which have sparked months of nationwide violent protests across the European country.

Jul 02 06:37

Trump better choice by far – Alan Sabrosky

Cold War Climate to intensify under Clinton, and to ameliorate under Trump.

Q. As an American, Alan, how can you be enthusiastic about America’s choices of US Presidential candidates in 2016?

Jul 02 03:21

Markets Right Now: US stocks end strong week with tiny gains

The U.S. market ended the week up 3 percent Friday, its biggest weekly gain since November.

(*All the number crunching , and book cooking , and they could only budge the market 3% ?)

Jul 02 03:02

Brexit is just the beginning

Jul 01 15:47

12 Major Retailers Closing Stores Like Crazy

Jul 01 15:45

The global monetary system is collapsing

Jul 01 13:53

Homeless count up: Report shows Hawaii Island increased by 153

The Hawaii Point-In-Time Count, an annual survey of the state’s homeless population, was released Wednesday, and the results were a mixed bag of both encouraging and disconcerting numbers.

The homeless tally statewide increased from 7,620 to 7,921, a jump of 301 homeless individuals, or a total increase of 4 percent. That movement is moderate, however, when compared to leaps made in the previous two years. The homeless population rose by 583 individuals (9.2 percent) between 2013-14 and by 702 individuals (10.1 percent) between 2014-15.

Whether the inflated numbers can or should be spun as a positive simply because they’re expanding more gradually than before is open to discussion.

Jul 01 13:36

Keiser Report: Governments Hate Keynesianism

In this episode of the Keiser Report from New York City, Max and Stacy discuss student debt slaves and municipal debt burdens.

Jul 01 12:51

Apple Store Destroys Iconic NYC Computer Shop

n/a
Jul 01 12:19

European Crisis Explodes: Italy Bank Bailout Aims to Avoid “Panic, Run On Deposits”

Italy Granted “Extraordinary ” €150BN Bank Bailout Program To Prevent “Panic, Run On Deposits”

by Tyler Durden

As we noted today, the rumors of an Italian bank bailout, which started on Monday morning, and were promptly shot down by Merkel the next day, got louder after a Reuters report that the Italian government is considering more creative ways to inject liquidity into Italy’s banks. However that was just an appetizer to a main course, which came later today when as the WSJ reported citing a spokeswoman for the European Union’s executive arm that the “European Commission has authorized Italy to use government guarantees to create a precautionary liquidity support program for their banks.”

How did this happen so quietly under the table and without Merkel’s blessing? WSJ says that the program was approved under the bloc’s “extraordinary crisis rules for state aid.”

And here we thought that Italy’s banks are actually doing so very well. Oh wait, no we didn’t.

Webmaster's Commentary: 

This financial contagion wil not stop with Italy.

With the pressures on Deutsche Bank right now, it is a question of when that financial institution is also on the skids. As reported yesterday at the wsj.com :

drops after German bank fails Fed stress test and IMF says it’s the riskiest lender in the world It’s a superlative Deutsche Bank AG could have done without. The International Monetary Fund called the German bank the riskiest financial institution in the world as a potential source of external shocks to the financial system. That labeling came right after a U.S. banking unit of Deutsche Bank was one of just two banks to fail the Federal Reserve’s “stress test,” an exercise measuring how 33 banks would fare in the event of another financial crisis. The IMF report helped send the bank’s stock Thursday to its lowest price in more than 30 years, as shares already were reeling from the U.K.’s vote to leave the European Union. Deutsche Bank, Germany’s biggest lender, is struggling to return to full-year profitability amid an overhaul to boost capital cushions and cut jobs and expenses. The potential financial and economic upheaval from the Brexit vote could further complicate the bank’s efforts to sell assets and stabilize its core businesses. Deutsche Bank shares closed down at €12.32, and are now down about 45% this year. Deutsche Bank and other banking shares had plummeted Friday and Monday in the aftermath of the U.K. referendum to leave the EU. The IMF said that “among the [globally systemically important banks], Deutsche Bank appears to be the most important net contributor to systemic risks, followed by HSBC and Credit Suisse.”

Jul 01 11:00

Ukrainian NGOs Lobbied US Congress for Anti-Russian Sanctions

Lifenews has succeeded to discover that behind the lobbying of anti-Russian sanctions and resolutions in the United States stood the non-profit organization "European Center of Modern Ukraine" (ECFMU). This NGO in 2014 transferred $120,000 to US lobbying firm Mercury for the promotion of a number of legislative acts in Congress.

In early 2014, the European Center of Modern Ukraine transferred $70,000 dollars to the account of Mercury. These funds, under the mediation of a specialist organization Max Sandlin, were aimed at lobbying for several resolutions of Congress, including a resolution "condemning the illegal Russian aggression in Ukraine" (S. Res. 378 - adopted by Senate), a resolution supporting the "territorial integrity of Ukraine and condemning Russian military aggression in Ukraine" (S. Res. 370 - was discussed in the Committee on International Relations), and a number of other acts of Congress, in the interests of post-revolutionary Ukraine.

Jul 01 10:22

Sanctions are evidence of the intellectual bankruptcy of Merkel’s Russia policy

Western sanctions against Russia have failed to achieve their goals. Yet Angela Merkel's continued reliance upon them suggests the absence of any sort of plan B.

Despite the fact that parliaments and leaders across the EU, including prominent politicians in her own country, oppose the policy, Merkel continues to insist anti-Russia sanctions be renewed. The fact that the German chancellor is so easily getting her way, without any tangible results, tells us much about how the EU works these days.

Jul 01 08:46

Silver Breaking Out – Soars Through $19!

When silver lagged behind gold’s big move following BREXIT, we cautioned that silver had more overhead resistance to work though, and the cartel would like to see silver remain below $18 prior to Wednesday’s options expiration.

Well, July silver options expiration has come and gone, and silver has been unleashed.

With tonight’s breakaway move (we have a last of $19.33), silver is now up nearly $4 (25%!) for the month of June!

Jul 01 07:27

Osborne blames Brexit for not balancing UK books - despite already being on track to FAIL

As part of the Tory's promises, George Osborne vowed the state would run a surplus - spending no more than it gets in taxes - by 2020.

But just two weeks ago, it was revealed the Government had been forced to borrow a staggering £17.9billion in the two months since the start of the financial year in April.

It meant Mr Osborne was extremely unlikely to meet his borrowing targets this year - and increasingly unlikely to reach his goal over the next four years.

Today the Chancellor has admitted he will have to abandon his promise to run a surplus by 2020.

Yet he blamed the vote to Leave for a downturn in economic conditions, which have not even materialised, for the change of tact.

Jul 01 05:32

Donald Trump Introduces American Worker Forced To Train His Foreign Worker Replacements

His name is Mike, and he worked his American job for 29 years until he was ordered to train his foreign worker replacements.

No other high-profile politician is willing to give a platform to these displaced workers except for one – Donald Trump.

Jul 01 05:29

About 1.6M drop-outs from health law coverage this year

About 1.6 million people who signed up for coverage this year under President Barack Obama's health care law dropped out by the end of March, according to administration figures released late Thursday.

Webmaster's Commentary: 

Jul 01 04:56

Corbyn: Clowns to the left of him, jokers to the right

Clowns to the left of me, Jokers to the right, here I am...

A political beacon is about to be extinguished unless he breaks with the doomed Labour Party and sets up on his own

Well I don’t know why I came here tonight
I got the feeling that something ain’t right,
I’m so scared in case I fall off my chair,
And I’m wondering how I’ll get down the stairs,
Clowns to the left of me,
Jokers to the right, here I am,
Stuck in the middle with you.
Yes I’m stuck in the middle with you,
And I’m wondering what it is I should do,
It’s so hard to keep this smile from my face,
Losing control, yeah, I’m all over the place,
Clowns to the left of me, Jokers to the right…
— Lyrics from ‘Stuck in the Middle with You’

Jul 01 04:53

Juncker to Exclude National Parliaments in CETA Ratification

‘Junker and EU commission are set to exclude National Parliaments from any say in the ratification of CETA, which is basically TTIP by the back door. US companies can register in Canada and these horrible legal entities which favor corporations over democratic parliaments come into existence. Junker wants it done and dusted by July 5th.’

Jul 01 04:51

Victory Is Possible – Israel Shamir

Brexit is a game-changing event. Now Euro-sceptics all over Europe has got fresh wind in their sails.

Few people expected the positive outcome of Brexit referendum. Among other doubters, I expected the UK government will borrow a trick from the Clinton collection, and proclaim the "Bremain" hath it.

The political establishment of both leading parties, the Tories and Labour, wished to remain in the cosy lap of the EC. This was the will of the Bank of England, and of the City of London; of the powerful media lords, of the creative minority of yuppies, of cosmopolitan intellectuals.

Jul 01 04:46

Brexit: Leaveniks have it. What next?

Britain’s exit from EU deals a body blow to the US’ trans-Atlantic leadership.

The unthinkable has happened with the United Kingdom voting to leave the European Union. (BBC)

Arguably, this is potentially the most serious development in world politics since the collapse of the Soviet Union. (Curiously, both catastrophes happened ‘voluntarily’.)
What lies ahead?

Jul 01 04:41

How Western Military Interventions Shaped the Brexit Vote

What you are seeing with the Brexit is the result of the Obama administrations pro-war, new Cold War policy.

With us to discuss the economic and political context of the Brexit is Michael Hudson. He is a research professor of economics at the University of Missouri-Kansas City, and author of Killing the Host: How Financial Parasites and Debt Destroy the Global Economy. Also, he is an economics adviser to several governments.

Jul 01 04:34

Netherlands Not Ruling Out Non-Ratifying Ukraine-EU Association Deal

The Netherlands does not rule out the possibility of non-ratification of the EU-Ukraine Association agreement, the director-general of the Government Information Service told Sputnik Friday.

Jul 01 04:33

Mammonism, Brexit and The Rest of Us

Farage’s ideas are coherent and consistent. They reflect the feelings of the poor, the oppressed and the working people who have been reduced into a workless class. Whether Farage can help them is an open question but he offers a clear vision of change fuelled by nostalgic glory and a strong sense of belonging.

Corbyn, on the other hand, has little to offer although this is not entirely his fault. The Labour philosophy is full of contradictions and holes. On the one hand, Corbyn and Labour claim to represent the worker and the poor. But Corbyn and his party also subscribe to cultural Marxist and cosmopolitan ideas that advocate immigration, diversity, identitarian politics and various measures of ‘correctness.’ One cannot support the worker while simultaneously advocating immigration that puts local jobs at risk.

Jul 01 02:22

Silver Now UP $1 In 48 Hours

Jun 30 21:53

The Brexit reshuffles world geopolitics

No-one seems to comprehend the consequences of the British decision to leave the European Union.

While the veil is being ripped apart before our eyes, our elites do not understand the situation any better than the Communist Party of Soviet Russia could see the consequences of the fall of the Berlin Wall in November 1989 – the dissolution of the USSR in December 1991.

In identical fashion, we will soon be witnessing the dissolution of the European Union, then NATO, and unless they pay close attention, the dismantling of the United States.

Jun 30 17:55

Soros Plots European Order Coup: EU Will Disintegrate, Rise Again Under “New Marshall Plan”

In perfect order out of chaos fashion, the elite are now showing their hand. Problem. Reaction. Solution.

What will come out of the vote for Britain to leave the European Union, and who will benefit from it? Billionaires like George Soros, of course:

Mr. Soros also argues that there remains a good chance the European Union will collapse under the weight of the migration crisis... “If Britain leaves, it could unleash a general exodus, and the disintegration of the European Union will become practically unavoidable,” he said.

Read more at SHTF

Jun 30 17:36

Marc Faber: Holding Gold Is a 'No Brainer'

n/a
Jun 30 15:31

Video: Who Is Getting Rich Off The $1.3 Trillion Student Debt Crisis?

We continue our conversation looking at student debt. A stunning 42 million people now owe $1.3 trillion in student debt.

Jun 30 15:22

Brexit Was Just The Start Of The Chaos

Jun 30 14:43

After Lynch’s Mystery Meeting With Bill, Justice Dept. “Shields Clinton Foundation Emails”

Yesterday’s mystery meeting on the tarmac between former President Bill Clinton and Attorney General Loretta Lynch has now been clarified.

Today it emerged taht the Justice Department filed a motion that would keep from release thousands of emails potentially exposing conflicts of interest on the part of the Clinton Foundation and overlapping state department officials, as well as those between Teneo...

Read more at SHTF

Jun 30 11:23

GOLD DEMAND SHIFTS TO THE WEST – PODCAST

Jun 30 09:26

Poll: US Loses Political, Economic Power as World Favors Putin Over Trump

A recent Pew Research report suggests that the sun may be setting on America’s international hegemony. People polled around the world favor Russian President Vladimir Putin over a leading US presidential candidate for the first time, and a growing number of the world’s inhabitants now have a negative view of Washington’s economic and political influence.

Jun 30 08:10

EU Commission-CETA Ratified by July 5th

Junker and EU commission are set to exclude National Parliaments from any say in the ratification of CETA, which is basically TTIP by the back door. US companies can register in Canada and these horrible legal entities which favor corporations over democratic parliaments come into existence. Junker wants it done and dusted by July 5th.

Jun 30 07:47

Schiff: Silver Confirms Gold’s Breakout

Jun 30 07:47

BREXIT ROW: Germany's anger at claim it should pay UK's share of 'bloated' EU budget

GERMAN officials are terrified the country will be forced to pay Britain's contributions to the EU budget following Brexit.

Jun 30 07:44

ITALY in CRISIS: Banks on the brink in latest eurozone storm

Pointing to real fears over the future of the bloc, Europe's top stock markets have failed to recover from the shock of the Brexit vote.

In stark contrast, Britain's premier index the FTSE 100 has left its continental counterparts in the dust.

The London index held steady in today's trading, following two days of strong gains that have taken the index to its highest level since April.

Meanwhile, Germany's DAX and France's CAC remain down around six per cent from Thursday's close before the referendum.

But the the biggest concern is Italy where markets still down 11 per cent amid fears over the stability of the country's banks and knock-on affects on the economy.

Jun 30 07:42

REVEALED: Merkel NEEDS free trade deal with UK or 750,000 German jobs could face the axe

ANGELA Merkel will have to agree to a free trade deal with an independent United Kingdom because 750,000 jobs rely on cross-Channel exports, a senior economics analyst has warned today.

Marc Biese urged German politicians to “think” about the vast economic benefits of close ties with Britain as the cavernous trade deficit between the two countries was laid bare.

He further highlighted the growing split between Berlin and Paris over how to deal with post-Brexit Britain, accusing the “hardline” French government of trying to scupper talks in its own interests - something which would deeply damage the German economy.

Germany exports to the UK are more than double the value of those heading in the other direction, with British customers acting as a lifeline for “crucial” industries including car manufacturing on which its economies relies.

Jun 30 06:56

'Free' Trade May Be Forced on US Citizens During 'Lame Duck' Session

Waren notes that "free" trade is so "overwhelmingly unpopular" that officials are not even talking about it. This includes Barack Obama, who will not focus on it during the summit for fear of causing political damage for presumptive Democratic presidential nominee Hillary Clinton..

"They are going to try to push it through in the ‘lame duck' session after the election," he says. "Talk about no democracy."

Webmaster's Commentary: 

"If free trade agreements were really about free trade, no agreements would be needed." -- Bill Still

As this article notes, the free trade agreements are not about free trade but about placing unelected corporations above elected civil governments.

Jun 30 06:53

French Workers Battling Hollande Over Labor Reform and Winning

Amid anti-labor reform protests that have swept across France, the government agreed to meet with the leaders of major unions to seek a resolution for the problem. Matthieu Bowla-Reba of the Union of Railroad Workers explains to Radio Sputnik that a specific strike culture allows French people to successfully fight for their civil rights.

Jun 30 06:43

WASHINGTON POST: “Brexit a reminder some things shouldn’t be decided by the people”

It has been absolutely delicious to watch the American media melt down since last week’s Brexit vote. Nothing terrifies liberal elitists more than an aware and energized electorate. The MSM fears the rise of a voting class that doesn’t march to its orders, and they fear this Brexit stuff will spread.

At least they’re being honest about the end game now, whether intentionally or unintentionally.

Jun 30 06:39

10 Things You Should Know About What It's Really Like to Be Homeless

It’s never easy living on the streets, of course. But in San Francisco, which has remade itself since the end of the Great Recession into the nation’s tech haven, a bedroom community for Silicon Valley workers, the headquarters of some of the biggest tech companies—Uber, Airbnb, Twitter—and the home, or one of the homes, of billionaires like Mark Zuckerberg, it is a waking nightmare. As the divide between the haves and the have-nots has become a chasm, being poor has become a leprosy.

Working-class and middle-class renters hold on for dear life to apartments that well-heeled techies are willing to pay thousands of dollars a month to live in—a homely studio in the Mission can command $2,500 a month, no utilities (or basic appliances, sometimes) included. Meanwhile, people who have lived on modest wages or government checks for years, decades even, are being evicted or displaced.

Webmaster's Commentary: 

Jun 30 06:35

#Brexit Aftermath #1 - Chaos in the British Political Class

Jun 30 05:48

The Elites Have Lost The Right To Rule

Take back your Independence!

Snip: The truth is they don’t think the economy is rigged, they know it is. This knowledge coupled with an understanding that the status quo will do everything it can to keep it that way, is precisely why so many people are grasping for something, anything to potentially blow up the status quo irrespective of any negative consequences. The people aren’t to blame for this situation, the elites are.

Jun 29 19:53

‘We the Prisoners’: The Demise of the Fourth Amendment

are you one of the oppressors or one of the oppressed? - silk stockings

snip: In a carceral state, there is no difference between the treatment meted out to a law-abiding citizen and a convicted felon: both are equally suspect and treated as criminals, without any of the special rights and privileges reserved for the governing elite.

In a carceral state, there are only two kinds of people: the prisoners and the prison guards.

With every new law enacted by federal and state legislatures, every new ruling handed down by government courts, and every new military weapon, invasive tactic and egregious protocol employed by government agents, “we the people”—the prisoners of the American police state—are being pushed that much further into a corner, our backs against the prison wall.

Jun 29 18:38

Gold has become a currency again…

Jun 29 18:05

BREXIT & THE FOURTH TURNING

what little we know and what we think we see thru a mirror darkly

n/a

n/a
Jun 29 14:17

Despite Praise For Chinese Efforts, AG Lynch Calls ‘Economic Espionage’ A ‘Tremendous Problem’

The Chinese government is doing its part to stop economic espionage against the US, according to US Assistant Attorney General John Carlin. However, the “tremendous problem” remains a top priority, Attorney General Loretta Lynch says.

Jun 29 13:16

US Rents are still soaring

Jun 29 10:45

Bernie, Bakken, And Electoral Delusion: Letting Rich Guys Ruin Iowa And The World

In the days leading up to the U.S. electoral holy day that is the Iowa Presidential Caucus, Iowa was briefly home to a large number of Bernie Sanders-backing political visitors with out-of-state license plates and banners proclaiming on the sides of their gas-guzzling SUVs that “the Revolution Starts Here.” The slogan appeared inside an outline of the state of Iowa. I wonder how many of the white middle class politico-motorists inside those SUVs will be returning to Iowa to fight for “the revolution” and/or at least against the Bakken Pipeline.

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA