ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Apr 02 09:10

FORMER US INTELLIGENCE AGENCY HACKERS HELPED UAE SPY ON AL JAZEERA CHAIRMAN AND OTHER JOURNALISTS

A group of American hackers who once worked for United States intelligence agencies helped the United Arab Emirates spy on a BBC host, the chairman of Al Jazeera and other prominent Arab media figures during a tense 2017 confrontation pitting the UAE and its allies against Qatar, a Reuters investigation has found.

The American operatives worked for Project Raven, a secret Emirati intelligence programme that spied on dissidents, fighters and political opponents of the UAE monarchy. A Reuters investigation in January revealed Project Raven's existence and inner workings, including the fact that it surveilled a British activist and several unnamed US journalists.

Webmaster's Commentary: 

This is quite an operation, but again shows the need for common sense agreements on the common issues countries of the Middle East are trying to solve; unfortunately, this wasn't any kind of solution to the inter-country pressures the governments of the Middle East are trying to resolve.

Apr 02 09:05

FINGER VEIN VENDING MACHINES AND A GLOBAL BIOMETRIC POLICE DATABASE

Gone are the days when you could use a "slug" to purchase a can of soda, because today's vending machines will know who you are and your criminal record before you purchase an item.

American Green Vending Machine (AGM) uses finger vein readers to identify each customer.

"The American Green Smart System is an age verification system that allows the opportunity of merchandising and selling age restricted products. American Green’s technology interface is one of a kind and does some pretty cool things such as vein verification biometrics."

Customers must register their personal biometrics and information with AGM before they are allowed to purchase anything.

What makes this story so disturbing, is corporate America's rush to put biometric scanners everywhere.

Imagine in the not too distant future, your new car using a built-in TSA biometric scanner to identify you and your family before you even enter a sports stadium.

Webmaster's Commentary: 

I am sure that there is a database on all of us right now, but I have to wonder; at what point will these databases start to link up, and deny us access to the simplest, most innocent things we may want to buy?

Because I think that this will be happening sooner rather than later.

Apr 02 08:48

COSTCO DROPS ROUNDUP WEEDKILLER AFTER $80 MILLION AWARDED IN SECOND CANCER CASE: REPORT

Costco has reportedly decided to stop selling Roundup weedkiller after a federal jury in San Francisco awarded more than $80 million to 70-year-old California man, Edwin Hardeman, who was diagnosed with cancer after spraying the herbicide on his property for decades.

Webmaster's Commentary: 

THANK GOD!!

The "domino effect" hasn't even begun to start. COSCO had to know that the next tier of class action lawsuits, would start with those stores still selling this poison.

Apr 02 06:07

How Macro Trends Shape the Market’s Future

Apr 01 12:22

The Hunt for Taxes Altering the Economy

Apr 01 11:53

Retire Happy With Dollar Cost Averaging

Apr 01 09:44

Why Anaheim’s low-wage workers struggle to keep a roof over their heads

Apr 01 09:40

John Titus: The Big Lie (As Told By Ben Bernanke And Henry Paulson)

“The reason nobody really knows what caused the financial crisis is that no one asked Ben Bernanke, Chairman of the Federal Reserve at the time, or Hank Paulson, the Treasury Secretary at the time, exactly why they were lying about why those banks supposedly needed a bailout” – John Titus, “The $1 Trillion Devil in the Details

In his latest installment of “Mafiocracy,” John Titus details the Top Three lies perpetrated by Ben Bernanke and Henry Paulson in order to convince Congress and the The Public that the big banks needed to bailed out using Taxpayer money:

Apr 01 09:32

Pentagon Audit: Evidence Proving $21 Trillion Unaccounted For – Opening Statement

As unbelievable and absurd as that sounds, the actual total of unaccounted for money at the Pentagon is most likely significantly more than $21 trillion.

Researchers are unable to get data for every year of military spending, many Pentagon agencies do not have any publicly available records, hundreds of thousands of transactions have been erased, and an estimated millions of transactions do not have any traceable record.

As you will see in detail throughout this series of reports, not only have trillions of taxpayer dollars been knowingly dumped into a shockingly unaccountable black hole, Congress is not even sure how much money has been appropriated and given out in the first place.

United States government officials who work for the Defense Finance and Accounting Service (DFAS), the Office of the Inspector General (OIG) and the Government Accountability Office (GAO) have been reporting on this stunning issue for years.

Apr 01 09:11

Russia Continues to Dump Dollar, Buying Up 31 Tonnes of Gold in Single Month

Moscow's sovereign gold stockpile jumped up to over 2,100 metric tonnes last year, with the country's status as a major gold producer allowing for reserves to be built up using domestically sourced bullion.

Russia's hunger for gold continues to grow, with freshly released Central Bank data showing reserves climbing by 31.1 tonnes, or 1.5 per cent of total reserves, in the month of February alone. Taking account of another 6.22 tonnes of the precious metal purchased in January, reserves now stand at some 2,149.25 metric tonnes, according to the Central Bank.

According to Bloomberg, Russia's gold rush'n approach to the precious metal is an indication that the country continues to make "rapid progress in its effort to diversify away from American assets."

Apr 01 09:10

Russian banks join Chinese alternative to SWIFT payment system

Several Russian banks have joined the China International Payments System (CIPS), to ease operations between the two countries, according to a senior official at the Central Bank of Russia (CBR).

“As for the cooperation on payment systems, a range of banks are already connected to CIPS, allowing to facilitate payments routing procedure,” Vladimir Shapovalov, who heads a division dealing with foreign regulators at the CBR’s international cooperation department, said earlier this week during the international Russian-Chinese forum.

Apr 01 09:05

Beto O'Rourke Goes Full Socialist, Says He Will 'Break Apart' American Wealth

Perhaps threatened by newcomer upstart Pete Buttigieg, former Texas Senate candidate Beto O'Rourke has made major changes to his stated policy platform in recent days — moving further to the left — culminating in a tweet issued Saturday, wherein Beto committed fully to the ideas of Democratic socialism.

O'Rourke, who hadn't articulated a national domestic policy until Saturday, appears to be further to the left than Sens. Elizabeth Warren (D-MA) and Kamala Harris (D-CA), two of the most leftward candidates in the race. In fact, based on his rhetoric, it seems Beto could be much closer to Sen. Bernie Sanders (I-VT) than any other of the 2020 Democratic contenders.

"The unprecedented concentration of wealth, power and privilege in the United States must be broken apart," O'Rourke tweeted. "Opportunity must be fully shared with all. We must all have the opportunity to succeed. Together. As one country."

Apr 01 08:50

How to Earn BCH as a Bitcoin Bounty Hunter

By Avi Mizrahi

Bounty hunters have been helping to bring criminals to justice since the days of the Old West, and they are still just as needed today. If you want to become a bounty hunter and get paid with cryptocurrency, you don’t even need a fast horse or a revolver these days – just useful information on some highly wanted hackers...

Apr 01 08:42

Ohio’s Public Utilities Commission Boasts About Collecting Customer Smart Meter Data and Sharing It

By B.N. Frank

There are many reasons – besides fires and explosions – to be concerned about the tens of millions of utility “Smart” Meters that have been installed on homes and throughout communities. One of them is privacy. “Smart” Meters collect data 24/7 on customers. This data can and has been sold to 3rd parties. This is sometimes referred to as “Surveillance Capitalism.”...

Apr 01 08:40

Midwest Apocalypse: According To Satellite Data, “At Least 1 Million Acres Of U.S. Farmland” Have Been Devastated By Floods

We have never seen anything like this before. According to satellite data that was just released by Reuters, “at least 1 million acres of U.S. farmland” were covered by water for at least seven days this month. That is an agricultural disaster without equal in modern American history, and yet the mainstream media is treating this like it is some sort of second class story. It isn’t. This is the biggest news story of 2019 so far, and people want to know what is going on. A few days ago, I posted a story entitled ‘“As Many As A Million Calves Lost In Nebraska” – Beef Prices In The U.S. To Escalate Dramatically In The Coming Months’, and it has already been shared on social media more than 145,000 times. Farming communities all over the central part of the nation now look like war zones as a result of all this flooding, but the media elites on the east and west coasts don’t want to write about it.

Webmaster's Commentary: 

So by all means let's bring a million more democratic voting hungry mouths across that southern border!

Apr 01 08:16

The Apocalypse Has Been Postponed

By Lee Enochs

In recent years, the controversial subject of global warming and a potential “climate disaster” has received a lot of media attention.

There are progressive politicians who are now arguing that unless profound changes in public policy are made to reduce worldwide carbon emissions, we face an impending worldwide climate-related catastrophe...

Apr 01 08:00

Signed as Law: West Virginia Bill to Facilitate Banking for Medical Marijuana Program

By Mike Maharrey

CHARLESTON, W. Va. (April 1, 2019) – Last Tuesday, West Virginia Gov. Jim Justice signed a bill into law that creates a mechanism to handle banking services for the state’s medical marijuana program. The new law removes one roadblock in front of the developing medicinal cannabis industry in the state and will further nullify federal prohibition in practice...

Apr 01 07:57

Eurozone CRISIS: Manufacturing activity SLIDES across eurozone with Germany WORST hit

Factories in the eurozone recorded their worst month for almost six years in March, declining for an eight month and slipping deeper into contraction territory. IHS Markit’s March final manufacturing Purchasing Managers’ Index (PMI) reading dropped to 47.5 for the month, down from 49.3 in February, marking its lowest reading since April 2013. An index measuring output change, which feeds into a composite PMI due on Wednesday and is seen as a good gauge of economic health, sank to 47.2 from 49.4. This marks its lowest since April 2013 and the second straight month it has come in below the 50 level.

Apr 01 07:36

TAXES OF UKRAINE’S POROSHENKO SHOW HIS INCOME JUMPED 10,000% THANKS TO ROTHSCHILD TRUST

According to the Ukrainian unified register of asset and income declarations, Poroshenko’s fortune totaled 1.56 billion hryvnia (US$57 million) over 12 months through March 31, which is 95 times as much as he reported in the same period a year ago. In 2017, Poroshenko’s gains reportedly reached 16.3 million hryvnia ($600,000).

Apr 01 07:26

Wealth Has Never Been More Equal

By Jeffrey A. Tucker

We’re bombarded by endless kvetching about rising inequality, plus demands for draconian taxation to fix the problem. The complaint has been raging for years, despite highly suspect data claims and fuzzy measurement techniques.

I’ve always had doubts that, even if true, it would even be a problem, simply because in a market-driven economic environment, it takes nothing away from me that the guy across the bar is a billionaire and I’m not. Chances are that he is providing jobs, donating to charities, and boosting investment in the capital structure that actually benefits all of us.

A society of equality in deep poverty is easy to achieve with enough force.

But let’s examine this claim at a different level. What exactly are we measuring here?...

Apr 01 04:44

Decision Point nearing

Mar 31 18:03

Why the State Revels in Crises

By Stefan Kløvning

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by an endless series of hobgoblins, most of them imaginary. – H. L. Mencken

The fundamental task the State proclaims to serve is that of protecting citizens from violence perpetrated amongst one another. For this, it requires a monopoly on violence, and thus only the State, by definition, can be allowed to perpetrate violence against its fellows if it is to have any practical significance. So, what does this entail? If the citizens are imperfect, what grounds do we have to believe that the leaders have some superior nature, which qualifies them for such a position to rule over others?...

Mar 31 12:11

Decision Time

Mar 31 10:06

De-Dollarization Accelerates: Central Banks Dump Dollar In Q4, Buy Yuan

The dollar’s share of global central-bank reserves slumped to the lowest level since 2013 while holdings of the Chinese yuan rose for the fifth quarter in the past six, IMF data showed Friday.

The U.S. currency accounted for 61.7% of global allocated foreign-exchange reserves in the fourth quarter, down from 61.9% and the tenth decline in the past 12 quarters according to the IMF's Currency Composition of Official Foreign Exchange Reserves (COFER) for Q4 2018 report. The drop occurred despite a 1% jump in the value of the dollar in the fourth quarter. The euro, yen and yuan each gained as a share of allocated reserves. While modest at just 1.9%, reserve allocation to the Chinese Yuan has been increasing rapidly and is now almost double where it was two years ago.

Mar 31 09:42

More than 1 million acres of US cropland ravaged by floods

At least 1 million acres (405,000 hectares) of US farmland were flooded after the “bomb cyclone” storm left wide swaths of nine major grain producing states under water this month, satellite data analyzed by Gro Intelligence for Reuters showed.

Farms from the Dakotas to Missouri and beyond have been under water for a week or more, possibly impeding planting and damaging soil. The floods, which came just weeks before planting season starts in the Midwest, will likely reduce corn, wheat and soy production this year.

“There’s thousands of acres that won’t be able to be planted,” Ryan Sonderup, 36, of Fullerton, Nebraska, who has been farming for 18 years, said in a recent interview.

Webmaster's Commentary: 

This shows how dysfunctional the US Government has become. They were so fixated on global warming that they failed to realize that the heavy snow accumulated over the winter would result in heavy flooding and they failed to make sure the flood control systems were up to the task. Likewise, the open-borders people are so fixated on brining millions of democratic voting hungry mouths across the border is going to exacerbate the coming food shortages to the point where we might see massive food riots in this country.

Mar 31 09:40

Warlord Bankers and the Federal Reserve

Mar 31 09:31

The New Cash? Why Governments Don’t Like Cryptocurrency

By Nicholas West

Cash is a problem for banks and governments. And, as we know, banks and governments are joined at the hip — each creating policies that strengthen the power of the other. It is no mystery, then, why we continue to see an acceleration in the “War on Cash.” Cash creates a barrier to tracking and control and removes the ability to charge a wide range of processing fees and hidden charges. Cash impedes easy tax collection for governments, and creates the perception that governments are allowing crimes and corruption to occur without the ability to swiftly crack down on “evildoers.” Clearly, such an instrument would become the enemy to these institutions...

Mar 31 09:22

What Article 13 Means for the Cryptocurrency Industry

By Kai Sedgwick

First they came for our privacy. Then our data. Finally they took our memes. If the more hyperbolic headlines are to be believed, the EU’s ratification of the controversial Article 13 copyright law will have repercussions for purveyors of highly shareable online content. The reality is less draconian. Nevertheless, Article 13, coupled with last year’s GDPR laws, has ramifications for all tech companies, blockchain projects included...

Mar 31 09:05

US government finances still deteriorating

The federal government released the annual report of the U.S. Government for fiscal 2018 this afternoon. The government’s finances deteriorated significantly, and more recent reports suggest the trend is only getting worse in 2019.

Our measure of the unfunded federal debt rose from $101 trillion in 2017 to $105 trillion at fiscal year-end 2018. Extending that figure to end-of-March 2019 leads to a current estimate of $107 trillion, or about $707,000 per taxpayer (based on individual income tax filings).

Mar 31 08:55

Americans can’t afford to buy a home in 70% of the country

Even at a time of low interest rates and rising wages, Americans simply can’t afford a home in more than 70% of the country, according to CBS. Out of 473 US counties that were analyzed in a recent report, 335 listed median home prices were more than what average wage earners could afford. According to the report from ATTOM Data Solutions, these counties included Los Angeles and San Diego in California, as well as places like Maricopa County in Arizona.

Mar 31 06:01

Auto industry death spiral?

Mar 31 01:50

Wage hike: NZ Businesses brace for minimum wage to increase by $1.20 to $17.70 (US$12.75)per hour

Businesses say they will have to pass costs on to consumers now that the minimum wage has increased for the second time since the Labour-led Government took power.

From April 1, the minimum wage will be raised to $17.70 per hour, up $1.20 from $16.50. This is the second increase in a year and a half, and the hourly rate will increase again to $20 by 2021.

While big business can absorb such costs, for small and medium sized firms, particularly those with a large workforce on minimum wage, it can be much harder and have far-reaching effects.

Mar 30 16:46

Ignore The Yield Curve, They Said…

Mar 30 12:13

The True Size Of The U.S. National Debt, Including Unfunded Liabilities, Is 222 Trillion Dollars

The truth is that we are just going to keep accumulating more debt until the system completely and utterly collapses.

Mar 30 10:39

Cannabis, Cryptocurrency and Compliance: One Man’s Quest to Support Unbanked Businesses

By Kai Sedgwick

Ernesto Huerta is the very embodiment of Bitcoin. As the operator of Crypto Space, a physical bitcoin exchange in Los Angeles’ San Pedro neighborhood, Huerta knows more than most about the challenges of running a cryptocurrency business while maintaining banking access and compliance. In a wide-ranging interview, the Crypto Space owner has disclosed the realities of straddling the line that separates centralized and decentralized finance, and the underhand tactics big banks deploy to crush crypto startups.

Ernesto Huerta faces a twin challenge upon awakening each morning: keeping his own business afloat, while doing the same for his clients. It’s not that business is bad – in fact, Crypto Space is booming. Rather, the realities of operating in the cryptocurrency industry mean Huerta is constantly at risk of having the rug pulled from under his feet by the banks...

Mar 30 10:31

The Dangers of Government-Funded Artificial Intelligence

By Christian Hubbs

Artificial Intelligence is widely seen as a strategic technology and has thus engendered national development plans from countries across the globe to promote its progress. For quite some time, the United States has been conspicuously on the sideline. The American AI research community has, by and large, bemoaned the lack of Federal leadership in this space with many calling for a Kennedy-esque “moonshot” plan to come out of Washington to cement American leadership in the AI space. This past month, the Trump White House released the Executive Order on Maintaining American Leadership in Artificial Intelligence to provide direction and support for technological advancement in this space.

Mar 30 10:14

Xi Reportedly "Wary" Of Trump Summit As Beijing Refuses To Budge On Tariffs

About three hours ago, as US stocks were beginning a run back toward their highs of the session, a frequently used mouthpiece for the Communist Party dropped a hint that all was not well in the ongoing US-China trade talks, and that some disappointing (for equity bulls) news might be imminent.

Hu Xijin, the editor of the English language Global Times, affirmed that talks were making progress, but said that China kept its statement on this week's talks brief because it "doesn't want to raise the public's expectations."

Mar 30 10:11

Midwestern farmers devastated by uninsured flood losses

Hundreds of millions of dollars in crops destroyed in Midwestern floods this month were not insured, farmers say. And the losses could leave many without sufficient income to continue farming.

"This uninsured grain issue is really starting to affect people," said Jeff Jorgenson, a western Iowa corn and soy grower whose farm flooded when the Missouri River spilled over its banks March 12.

Mar 30 09:42

New York Times’ reports that Jewish donors shape Democrats’ regressive position on Israel

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This weekend the New York Times breaks one of the biggest taboos, describing the responsibility of Jewish donors for the Democratic Party’s slavish support for Israel. Nathan Thrall’s groundbreaking piece repeats a lot of data we’ve reported here and says in essence that it really is about the Benjamins, as Rep. Ilhan Omar said so famously.

The donor class of the party is overwhelmingly Jewish, and Jews are still largely wed to Zionism– that’s the nut.

Though that party is breaking up. Thrall’s labors are minimized by the New York Times with the headline “The Battle Over B.D.S.,” but his message is that the progressive base has a highly-critical view of Israel that the leadership has refused to reflect, and that’s about to change. We’re inside the tent. The party is going to have to reflect pro-Palestinian positions. Ben Rhodes tells Thrall that the moment of overcoming the fear of the pro-Israel lobby (as the Cuba fear was overcome) is about to happen.

Webmaster's Commentary: 

I would certainly appreciate it, if Thrall is correct; but what about the Republican Party's slavish devotion to Israel as well, no matter how many times it has been horrendously wrong on its foreign policy issues?!?

Mar 30 08:45

Trump says may discuss Venezuela with Putin soon

US President Donald Trump said he may discuss the situation in Venezuela with Russian President Vladimir Putin soon, Reuters reported on Saturday.

"We will probably be talking at some point," the US leader told reporters at his estate in Florida. "I’ll be talking to a lot of people - perhaps President Putin, perhaps President Xi of China."

US national security adviser John Bolton said on Friday that Trump was set to talk with Putin by phone soon. He also said his country viewed the deployment of other states’ troops in Venezuela as a threat to the region.

Webmaster's Commentary: 

Putin may well be laughing his head off, considering that the US "blinked and missed" the window for accomplishing anything militarily achievable in Venezuela.

Right now, Putin has President Trump "by the sensitive bits"; Russian troops, who were ordered to Venezuela by Putin, will not leave until Putin tells them to; and right now, that means, indefinitely.

So, what is President Trump prepared to do, fight Russia in Venezuela for its vast oil reserves?!? I would like to hope (and pray) that the people around him, are not prodding him to do so.

And I say that because, right now, the US military doesn't have the manufacturing, the money, the weaponry, or the troop strength, to insure a positive result against Russia and/or China.

An invasion into Venezuela now, is an utterly, a no-win situation, and I would like to hope that the people around Trump have the smarts to see this.

Mar 30 08:45

Boston Dynamics' New Warehouse Robot Threatens Millions Of Jobs 

The economy of the 2020s will be more volatile, and recessions could be more extreme. The collision of automation in the workforce will trigger economic disruptions far more significant than what seen in agriculture to industry (1900 to 1940) when nearly 40% of the workforce was displaced.

In the next ten years, automation may eliminate 20% to 25% of current jobs, or about 40 million, crushing the bottom 90% of Americans the hardest.

Boston Dynamics is at the forefront of developing new automation technologies.

The Waltham, Mass.-based company has released a new video of its warehouse robot, a "mobile manipulation robot designed for logistics. Handle autonomously performs mixed SKU pallet building and depalletizing after initialization and localizing against the pallets."

Mar 30 08:37

How the Tech Giants Make Their Billions

Mar 30 08:31

Pompeo wants NATO to take ‘actions’ to help Ukraine

Marines from the U.S. and Ukraine standing together after a company-level attack during the land portion of Exercise Sea Breeze, Saturday, July 14, 2018. Secretary of State Mike Pompeo said NATO allies could take additional steps when allies convene next week to help Ukraine defend against Russia.

Webmaster's Commentary: 

What on earth is Pompeo speaking about, and what "concrete steps" from NATO is he expecting?!?

That NATO will go to war against Russia in behalf of Ukraine, which is not
yet a NATO signatory?!?

I would like to hope (and pray) that NATO will not fall for any foolishness from this guy.

Having said that, however, if military exercises are supposed to start next week involving Ukraine, we may well be looking at some kind of " false flag"against it, to attempt to ratchet up support for Ukraine against the allegedly "evil empire" of Russia.

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