ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Apr 01 08:00

Patriot Missile Interceptor Malfunctions and Misses, Raytheon Still Makes Billions

The US and its allies the world over are paying billions for medium-range missile interception systems without a track record of success.

(*We're selling those to suckers ...I MEAN; We're selling those suckers all over the world , forcryin'outloud . Do you want to make wall st. great again , or not ?
whitehorse souce)

Apr 01 07:40

Russia leads by example – pardons poorest African countries $20 billion debt

Russia has written off debts to the poorest countries of the African continent in the amount of $ 20 billion, said Russia’s first deputy ambassador to the United Nations, Dmitry Polyansky.

“Our country is taking steps to alleviate the debt burden of African countries. The debt for the heavily indebted poor countries has been written off by more than $ 20 billion, inclusive of “debt-for-development” programs, ” said Polyansky during his speech at the meeting of the Security Council on the situation in the Democratic Republic of the Congo.

(*"That Tears It !"
whitehorse souce)

Apr 01 06:56

China can succeed with petro-yuan where Gaddafi failed – killing the US dollar in oil trade

Muammar Gaddafi wanted to shatter the dominance of the greenback in the Middle East by introducing gold-backed dinar, but failed. China has a chance to finish what he started, one industry expert has told RT.

“Ideas related to oil trade in currencies other than the dollar arose more than once. Some of them were severely suppressed by the United States, one example is Muammar Gaddafi, who proposed the introduction of a regional currency gold dinar and trading oil in the Middle East in this currency,” Aleksandr Egorov, foreign exchange strategist at TeleTrade, told RT.

However, this time, an attempt to oust the dollar could be successful. China has launched oil futures backed by yuan, and Beijing has what Gaddafi didn’t, according to the expert.

Mar 31 17:16

2018-2028: The Most Dangerous Decade

By Chris Kanthan

Every 80 years, nations often experience colossal events. There are different theories about this cycle – for example, the Fourth Turning theory focuses on the cyclical strengths of institutions versus individuals. Others surmise that four generations after a major crisis, there are no more older people to warn the society, and the younger people take peace and prosperity for granted.

Well, exactly 80 years ago, America was mired in the Great Depression, and World War II was about to begin. Yet, predictably, most Americans and Europeans now cannot even fathom such scenarios repeating in their lifetime.

There are two major catalysts that can ignite catastrophic wars in the next decade...

Mar 31 13:51

THE DOLLAR CRISIS ON CHARTS

Mar 31 10:37

In Nearly 70% Of US Counties, The Average Worker Can’t Afford To Buy A Home

Housing, as we’ve pointed out in the past, is perhaps the most reliable bellwether of widening economic inequality in the US. And in its latest quarterly report on housing affordability in the US, ATTOM discovered that median-priced homes aren’t affordable to average wage earners in an astounding 68% of US housing markets.

Mar 31 10:26

What Happens When Your Money Is Worthless? Living With A Devalued Currency

This is one of the most important and valued articles to help you prepare. I think it could be useful, based on our experience with the economic collapse and its effects on the currency. Let me tell you what life is really like when your country has a devalued currency that is nearly worthless.

How do you buy things with devalued currency?

These last few days I was asked by a fellow prepper overseas how our internal trading, with such a devalued currency, was going on. He asked if we used silver coins and bartering. I answered him that we use mostly US dollars and Euros for large transactions like vehicles, land, and housing, as far as I know. But the reason people are mostly selling is that they are desperate to get out of the country, and the wealth they have accumulated in previous years vanishes, with the bad deals they seem forced to accept.

Mar 31 09:23

Patriot Missiles Are Made in America and Fail Everywhere

I talked to a fellow who worked at White Sands years ago about the Patriot. He called it the best 1950's tech that money could buy!

The point is there is no evidence that Saudi Arabia has intercepted any Houthi missiles during the Yemen conflict. And that raises a disquieting thought: Is there any reason to think the Patriot system even works?

Mar 31 07:08

What If All the Cheap Stuff Goes Away?

Mar 30 13:48

Rising Rates Put To The Test

Mar 30 12:34

On The Yuan-Oil Futures Contract & Gold

Trading in the new Shanghai oil future commenced last Monday, and on the first three days trading there were 151,804 contracts traded with a turnover value of 65bn yuan. It is the first futures contract listed on China’s mainland available to overseas users, putting them on the same footing as domestic investors. There are 15 benchmark contracts for different delivery dates between September next and March 2019.

There is little doubt that the Chinese government views this contract as an important development, with international commodity trading houses, such as Glencore and Trafigura, encouraged to participate. Furthermore, state-owned banks would have been on hand to ensure the necessary currency and financial liquidity is available.

Mar 30 12:33

The Relationship Between Money and Happiness

Mar 30 12:00

Shocking images of VW cars dumped in Californian desert by German manufacturer after it was forced to buy back 350,000 cars for $7billion over diesel scandal

Shocking images have emerged showing lines of cars stretching out as far as the eye can see in the Californian desert after Volkswagen was forced to buy back 350,000 cars for $7.4billion over the diesel scandal.

The German automaker has been forced to get creative when it comes to responsibly storing the hundreds of thousands of vehicles they had to buy back.

Storage lots include a shuttered suburban Detroit football stadium, a former Minnesota paper mill and the desert site near Victorville, California.

Mar 30 10:52

Investor Statement on Gun Violence Signatories

A list of those who conspire to destroy America! The Pedophilic,child molesting,illegal alien loving Roman Catholic Church is extremely well represented on this list of Tyranny lovin traitors!

Contributors to the Statement:
The Interfaith Center on Corporate Responsibility
Catholic Health Initiatives
Domini Impact Investments
Everence Financial/Praxis Mutual Funds
Mercy Investment Services
Northwest Coalition for Responsible Investment
Trinity Health

Signatories:
Adrian Dominican Sisters
American Baptist Home Mission Society
American Friends Service Committee
Aquinas Associates
As You Sow
Augustinians
Benedictine Sisters of Mount St Scholastica

Mar 30 10:08

Bond, Russian bond: British govt considers banning sale of Russian debt in London

UK Prime Minister Theresa May has agreed to consider a possible ban on selling Russian sovereign debt in London, the Guardian reports. British law allows Russian state banks to broker such deals despite sanctions.
Last month, City of London clearing houses, working with Russian state-run VTB bank, issued $4 billion of Russian sovereign debt, according to data quoted by the media.

Mar 30 09:46

Trade War With China Today, Actual War Tomorrow Perhaps? Trump Signs Anti-Chinese Memorandum

Mar 30 09:41

Male suicide rate is ‘stain on our society,’ campaigner tells RT as UK sees new death every 2 hours

Britain’s strategy to tackle male suicide is an “absolute lottery” as it does barely anything to stop 84 men from committing suicide every week, a campaigner told RT.

Amid reports of the UK seeing a male suicide every two hours, Simon Gunning, CEO of Campaign Against Living Miserably (CALM), said the staggering rates are the “clearest indicator that we are doing very badly in certain areas.”

“The issue is there are 84 men a week who choose a permanent solution to temporary problems,” Gunning said. “Unable to see hope, they think death is better than life.”

Mar 30 09:32

The Rothschilds’ March To WWIII

The alleged poisoning of Sergei Skripal quickly came to dominate mainstream media headlines. Anyone who dared question Russian involvement was quickly dismissed as an enemy of the state. Witness the photo-shopped BBC-generated caricature of British Labor leader Jeremy Corbyn superimposed over the Kremlin. Then yesterday Mossad sent its troops into the City of London to portray Corbyn as an anti-Semite.

In the US, while both Republicans and Democrats howled that we should jump to the defense of the Crown, the “crazed” Trump refrained from criticizing Russia until he saw the evidence. He even went so far as to congratulate Putin on his election victory in Moscow. Again the “sane people” howled. Then came the Stormy Daniels 60 Minutes turn of the screws. By Monday morning Trump was knuckled under and had jumped onto the Rothschild bandwagon, expelling Russian diplomats in tandem with some 20 EU nations.

Mar 30 09:31

Barclays Agrees To $2 Billion RMBS Settlement; Shares Jump

Barclays shares jumped Thursday after the DOJ handed the UK bank a major victory in its years-long struggle to settle allegations of malfeasance dating back to the financial crisis. As part of the deal, Barclays has agreed to pay a $2 billion civil penalty to settle allegations of fraudulent conduct relating to Barclays’ securitization, underwriting and sale of RMBS in 2005-2007.

The DOJ sued Barclays for fraud back in December 2016 after the bank refused to pay a much larger fine sought by the Obama administration. Last year, Bloomberg reported that the bank wouldn't pay more than $2 billion to settle the matter. Conveniently, the Trump DOJ was more amendable to its demands, and additionally, the civil settlement will save the bank from a lengthy trial.

Additionally, two former Barclays executives have agreed to pay $2 million as part of the settlement, which comes after two former Barclays traders were acquitted in a retrial on charges they plotted to rig Libor.

Mar 30 09:23

Trade Tariffs Will Not Make America Great Again

Here in Argentina, trade barriers have been a fact of life for a long time. A couple of years ago, we were unable to get tires for our tractor.

Argentina’s tire-making cronies were protected by tariffs. If you wanted to buy a tire, you had to pay for the locally made, inferior tire.

Unless, of course, they didn’t make the model you needed. Then, you were just out of luck.

Same thing for electronics.

Mar 30 07:35

Quarter Ends but Pain Begins

Mar 30 06:05

Do Stocks Really Like Higher Rates?

Mar 30 03:10

Crypto Carnage Continues

Mar 29 12:57

Partly like its 1999

Mar 29 11:33

THANK THE FEDERAL RESERVE

Mar 29 09:28

Central Banks Are Now Panicking

Home sales are down 4.4% YoY, the economy is moving into a recession. Trump is positioning to take down the economy, the FANG stocks decline, this is all part of the plan to gain the narrative and to show the markets are manipulated.

Mar 29 08:57

The End Of Tech (For Now)

Mar 29 07:49

US Congress Approves $4 Billion in Tax Aid to Israel, Cuts Aid to Palestine

(*Great News For The New , albeit; old school , NeoCon administration. . but what say you American Tax Paying Base ?)

Mar 29 07:15

"Iran Can Easily Skirt Sanctions" If Oil Sector Pressured By West Crackdown

Iran could do a lot of different things to kind of skirt possible tighter sanctions on its oil sector, such as sending oil to different places, Michael Cohen, head of energy commodities research at Barclays, told Bloomberg on Monday.

“There’s a lot of different things that Iran can do to kind of skirt sanctions. In the past, they’ve used more oil in their power sector, they’ve actually sent oil to different places that can take it,” Cohen told ‘Bloomberg Daybreak: Americas’.

Commenting on last week’s oil price rally that diverged from a general slump in equities, Cohen said that at the end of last week that oil prices were supported by EIA’s Wednesday inventory report that reported a decline in crude oil inventories of 2.6 million barrels for the week to March 16, and the appointment of John Bolton, an Iran hawk and a proponent of war, as National Security Advisor.

Mar 29 07:14

Why US is Trying to Deprive Europe of Cheap Russian Natural Gas

Signaling its adherence to the "America First" strategy, the Trump administration is seeking to weaken European countries that pose a challenge to the US economy, Sputnik contributor Dmitry Lekukh writes, explaining why the US will try to bring an end to the Nord Stream 2 pipeline project.

After Donald Trump's win, Washington has started viewing Europe not as a partner but as a competitor, Sputnik contributor Dmitry Lekukh writes, adding that the best way to pull the rug out from under the EU economy is to deprive it of cheap pipeline gas.

"From an economic point of view, the 'old' industrialized continental Europe is now seen more as a competitor rather than as a partner," the journalist noted. "And in this situation, the issue of supplying Europe with US LNG was overshadowed by the need to deprive the economies of the subcontinent of any cheap energy resources. I underline, any — Russian, Algerian, Libyan, or Qatari [natural] gas."

Mar 29 07:10

Facebook share price: ‘Toxic’ Facebook sheds over $80 billion in value after data scandal

FACEBOOK is in danger of stage-managing its own downfall after shedding a massive $80 billion from the social networking giant's market value. Mark Zuckerberg's personal net worth has fallen by $14billion as his firm struggles to respond to a crisis one expert warned could make Facebook a “potentially toxic asset”.

Mar 29 07:09

Trump: Amazon pays little or no taxes & puts thousands of retailers out of business

Shares in the US e-commerce behemoth Amazon continued to drop on Thursday, wiping over $30 billion from its market value, after reports that President Donald Trump wants to curb the firm’s growing power.

According to a report by the US news and information website Axios, Trump is planning to “go after” the world’s largest online retailer amid growing concerns that Amazon’s business is killing physical shopping malls and mom-and-pop retailers. “He's obsessed with Amazon,” the media reported, citing one of five sources familiar with the issue.

Mar 29 06:36

America Last: Illegals Shielded From Univ. of California Out-of-State Tuition Hike

Young Americans slaving away to pay off their massive student debts can take solace knowing illegal aliens are being given a break from doing the same.

Mar 29 06:19

Tesla just months from total collapse, says hedge fund manager

The American electric-car company Tesla will be bankrupt within four months unless its CEO Elon Musk “pulls a rabbit out of his hat,” according to hedge fund manager John Thompson.

“Companies eventually have to make a profit, and I don’t ever see that happening here,” the head of Vilas Capital Management told Market Watch.

“This is one of the worst income statements I’ve ever seen and between the story and the financials; the financials will win out in this case.”

Mar 29 06:00

Uncle Sam Issuing $300 Billion In New Debt This Week Alone

US needs to borrow almost $300 billion this week alone
– This is the largest debt issuance since 2008 financial crisis
– Trump threatens trade war with its biggest creditor – China
– Bond auctions have seen weak demand due to large supply and trade war concerns
– $20 trillion mark reached in early September 2017; $1 trillion added in just 6 months
– US total national debt level now exceeds $21.05 trillion and is accelerating higher
– U.S. debt and dollar crisis coming which will propel gold higher (see chart)

Mar 29 05:42

There’s No 'Regime' In Iran For John Bolton To Change On The Cheap

He might be a self-confessed fan of regime change in Iran, but the latest US national security advisor is barking at the wrong tree if he looks to be itching for a new conflict in the Middle East

>>>

Mar 29 05:30

Uneven Economy & The Hidden Depression

Mar 29 02:05

BAY AREA EXODUS: U-Haul running out of trucks as Bay Area residents relocate outside the area

Mar 29 02:04

'Exodus' of the middle class from the Central Coast

Mar 29 02:03

The Fall of California

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA