ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jun 18 10:38

New Cold War in the Indian Ocean

A new Cold War is brewing in the Indian Ocean, with an informal alliance of the United States, India, Australia, Japan on one side and China on the other. While tensions in the ocean are not yet as pitched as in the hotly contested South China Sea, the potential for conflict is unmistakably rising in the high stakes strategic theater.

Jun 18 10:29

Hawaii may become first US state to adopt basic income

An unprecedented bill supporting the idea of universal basic income (UBI) has been introduced in the American state of Hawaii.

The bill, titled House Concurrent Resolution 89, was brought by Hawaii State Representative Chris Lee and was passed by both houses of the state legislature in a unanimous vote.

The resolution declares that all the islanders “deserve basic financial security.”

It also orders government offices to weigh the state's economy and find ways to ensure all families have basic financial security, including an evaluation of different forms of a full or partial universal basic income.

Jun 18 09:54

Illinois State Official: "We Are In Massive Crisis Mode, This Is Not A False Alarm"

Last week we reported that as Illinois, a state which now faces over $15 billion in backlogged bills, struggles over the next two weeks to somehow come up with its first budget in three years ahead of a June 30 fiscal year end, and faces an imminent ratings downgrade to junk - the first ever in US state history - traders finally puked, sending the yield on its bonds surging after a judge ruled at the start of the month that the state is violating consent decrees and previous orders, and instructed the state to achieve "substantial compliance with consent decrees", further pressuring its financial situation.

Jun 18 09:53

Richest Americans Will Control 70% Of Country's Wealth By 2021, BCG Says

Being rich is great. But being rich in America? That’s even better.

With US stock benchmarks trading just below record highs, and Treasury yields not too far from the all-time lows reached last summer, the gulf between the world’s wealthy elite – those 18 million households worldwide with more than $1 million in assets – and everybody else is rapidly widening.

According to a new study by Boston Consulting Group via Bloomberg, these households - with a total head count of roughly 70 million people, or about 1% of the world’s population - control 45 percent of the $166.5 trillion in wealth. By 2021, they will control more than half, suggesting that, while wealth inequality in the rest of the world is simply accelerating, in America, it’s gone into overdrive. Right now, 63 percent of America’s private wealth in the hands of U.S. millionaires and billionaires, BCG said. By 2021, their share of the nation’s wealth will rise to an estimated 70 percent.

Jun 18 09:53

Venezuela's 'Goldman Bounce' In Reserves Is Gone

As Bloomberg notes, the country’s cash hoard has fallen $326 million this week to $10.2 billion, near the 15-year low reached last month before the windfall.

Investors follow the level intently, trying to gauge how much time Venezuela has left before its dollar shortage results in a default.

Jun 18 09:34

Trade Between Russia, EU Rose by 32% in January-April

The turnover of foreign trade between Russia and the European Union in January – April amounted to $77.2 billion, a growth level of 32.3 percent year-over-year, according to data published by Russian Federal Customs Service (FCS) Friday.

Jun 18 09:15

London fire: A tale of two tower blocks

London is increasingly becoming a city of high-rise living. There are more than 700 tower blocks, ranging from brand new luxury developments to the post-war council-owned buildings seen as a quick fix to cure problems caused by crumbling and unsanitary 19th Century hovels.

Jun 18 09:04

THE GREAT MARIJUANA DEBATE -- YOUR LIFE MAY DEPEND ON IT

Good people don't smoke Marijuana" - *Attorney General Jeff Sessions

"Mr Sessions stands against an overwhelming majority of Americans and even, sadly, against veterans and other people who we now know conclusively are helped dramatically by Medical Marijuana". - *Congressman Dana Rohrabacher

"Medical Marijuana in it's natural form is one of the safest, therapeutically active substances known to man."- *DEA Judge Francis Young- 1988

Webmaster's Commentary: 

There are two possibilities here.

Either Jeff Sessions is a complete, blithering idiot on the subject of marijuana safety, or his opinion has been "purchased" by the alcohol and pharmaceutical industries.

There is no middle ground here.

Jun 18 08:44

Rickards: Bitcoin vs. gold

Jun 18 05:57

Growth Indicator tanking

Jun 17 22:34

Levels of child hunger and deprivation in UK among highest of rich nations

The UK has some of the highest levels of hunger and deprivation among the world’s richest nations, according to a wide-ranging United Nations assessment of child health and wellbeing.

The Unicef report ranks 41 high-income countries against 25 indicators tracking progress against internationally agreed goals to end child poverty and hunger, promote health, ensure quality education, and reduce inequality.

It concludes that the majority of rich countries are going backwards on inequality indicators as gaps between rich and poor widen, with many performing poorly in key areas of child health, notably as a consequence of rising obesity rates.

“Income inequality is growing, adolescents’ mental health is worsening, and child obesity is growing,” the report states.

Jun 17 15:21

PetroDollar System In Trouble As Saudi Arabia Continues To Liquidate Foreign Exchange Reserves

The U.S. PetroDollar system is in serious trouble as the Middle East’s largest oil producer continues to suffer as the low oil price devastates its financial bottom line.  Saudi Arabia, the key player in the PetroDollar system, continues to liquidate its foreign exchange reserves as the current price of oil is not covering the cost to produce oil as well as finance its national budget.

Jun 17 14:45

Bitcoin BUBBLE Warning: It's gonna crash!

Jun 17 13:51

The Fed is Working Against Trump

The Federal Reserve is joining the Deep State by not doing President Trump any economic favors. This week, the Fed voted to raise the benchmark interest rate again by another one-quarter of a percent – the third rate increase this year – and indicated that they may raise it yet again before year’s end.

Jun 17 12:43

Trailer The Uncertainty Has Settled

Soon to be released documentary about the economic impact of climate hysteria on farmers in Europe, mainly Germany. Once highly praised Dutch filmmaker is now ostracized and demonized for being objective about the "wrong" subject.

Update: oops no English subtitles, my bad, had not noticed. There will be though once the doc is released. Sorry!

Jun 17 12:03

Everytime This Economic Indicator Inverts We Are Headed For An Economic Disaster

The elite are now pushing the agenda to get Trump anyway they can, it doesn't matter if the stories are true or not, they want him out. US and China will be meeting to discuss the North Korean issue.

Jun 17 11:43

1 million UK bank customers forced to use new codes

Almost 1 million UK bank customers will be forced to have to use new six-digit sort codes as the high street lenders implement rules intended to make the financial system safer, a Bank of England official has said.

Jun 17 10:42

The War on Yemen and the Senate Vote on the Saudi Arms Sale

The good news from Tuesday’s vote is that there is now much broader opposition to selling weapons to the Saudis when there is every reason to expect that those weapons will be used in Yemen. Sens. Murphy, Paul, and Franken have done great work in persuading many more of their colleagues to oppose such sales, and if they can continue to bring more senators over to their side the Senate may well block one of these sales before long. A close vote on this issue makes it much more likely that there can be a real debate over U.S. support for the atrocious and unnecessary Saudi-led war.

Webmaster's Commentary: 

There is no good news for the people of Yemen, and the Unhinged Surveilled States of America's "deep state"is still supporting Saudi Arabia's attempt to push back against the Houthi rebels, and forcefully reinstall the US government's puppet, Mansour Al-Hadi, by whatever means necessary.

This has translated into the following for the Yemeni people.

1. Yemeni children are getting killed and maimed for life.

Images: Yemeni children getting killed and maimed for life by Saudi air strikes

2. Because Saudis, with US military assistance, are blocking Yemeni ports, so no food can get in, Yemeni children are starving to death from malnutrition.

Horrifying images of starving children reveal the ongoing toll of Yemen's forgotten war.

3. Because of this malnutrition, Yemeni children are dying of cholera, and other preventable diseases.

Images: Yemeni children dying of cholera

Oh, and did I mention that Saudi Arabia is using depleted uranium weapons in Yemen?!?

Images: Saudi Arabia using chemical weapons in Yemen

These depleted uranium weapons are having the same effect that the use of these weapons did on pregnant women, and their children (and on US service members and their families) did in Falluja, Iraq, which meant massive stillbirths, cancers, and horrific physical mutations:

Image: massively deformed baby whose mother was poisoned through exposure to depleted uranium weapons.

When the intended consequences of a military campaign is the deliberate slaughter of children, through direct shelling; creating malnutrition and disease; and chemically poisoning them in the womb, as is happening through the joint US/Saudi war crimes in Yemen, you destroy the future of that country; ask the Palestinians, they are pretty familiar with that.

2016 'deadliest year' for West Bank children in decade

I am frankly appalled at just how morally comfortable the Royal House of Saud, the US Government, and the Saudi Government, collectively, appear to be with this genocide.

I, however, am very morally uncomfortable, being a citizen of a country which is actively, and aggressively, colluding in war crimes,and particularly war crimes of this magnitude.

Jun 17 09:20

The West Can't Smell What Eurasia is Cooking

A tectonic geopolitical shift happened in Astana, Kazakhstan, only a few days ago, and yet barely a ripple registered in Atlanticist circles.

At the annual summit of the Shanghai Cooperation Organization (SCO), founded in 2001, both India and Pakistan were admitted as full members, alongside Russia, China and four Central Asian “stans” (Kazakhstan, Uzbekistan, Kyrgyzstan and Tajikistan).

So now the SCO not only qualifies as the largest political organization – by area and population – in the world; it also unites four nuclear powers. The G-7 is irrelevant, as the latest summit in Taormina made it clear. The real action now, apart from the G-20, also lays in this alternative G-8.

Jun 17 09:12

Weighing The Evidence In Market Breadth

A look at the Equal Weight S&P 500 has something for both the bulls and the bears.

Jun 17 08:55

Watch: Anti-CNN Protest In Atlanta

Demonstrators in Atlanta protested CNN and fake news

Jun 17 08:34

Housing Starts Suffer Worst Streak Since Jan 2009, Permits Plunge

For the first time since Jan 09, Housing Starts dropped for the 3rd month in a row in May, drastically missing expectations (-5.5% vs +4.1% exp.) with both March and April revised notably lower. Building Permits also tumbled in May and massively missed expectations (-4.9% vs +1.7% exp.).

No one saw it coming...

Jun 17 08:32

Amazon, the Death of Brick & Mortar, Buys into Brick & Mortar

Shares of Whole Foods soar, but other grocery sellers get crushed.

Jun 17 07:26

When Does Amazon Become a Monopoly?

Jun 17 00:15

after the financial collapes.. who get's the assets?

is it corporate creditors (Rothschild's) in other nations or.... is it native american indians tribes.. that will get the spoils of the u.s.a inc's bankruptcy..

with an internationally accepted deed of ownership. the tribes can divi it up according to their traditional areas. we cowboys can rent the land from the tribes.. and have a lot better system than what we have got now for a government..

Jun 16 17:59

College Degrees Are Becoming Useless

These trends are unsustainable. The higher education system seems to be suffering from both economic and cultural issues, but these two types of problems often cause each other in a feedback loop. The ultimate cause for both of them is political.

Jun 16 15:31

5 Central Banks Hold the Global Economy in Their Hands

Following the 2008 crisis, the Federal Reserve wasn’t the only central bank to implement extreme measures in an effort to prop up an economy. In fact, the Fed’s example led other global central banks to do the same. As a result, the five largest central banks now hold the global economy in their hands.

Jun 16 15:14

1 million UK bank customers forced to use new codes

Almost 1 million UK bank customers will be forced to have to use new six-digit sort codes as the high street lenders implement rules intended to make the financial system safer, a Bank of England official has said.

James Proudman, a senior regulator in Threadneedle Street, said the estimate from high street banks included retail and corporate customers.

Jun 16 14:45

Top Economists Predict The Housing Crash Is Coming! Prepare For The Imminent Economic Collapse And Stock Market Crash Worse Than 2008, The Disaster Is Here – Elite Will Soon Prevent You Accessing Your Own Money!’

The Economic Doomsday is here. The second financial bubble is going to soon burst, and there’s nothing anyone can do about it. The Federal Reserve has set up the American economy for financial collapse for printing trillions of dollars back in 2008 and 2009.

Jun 16 13:56

Even Google Employees Can No Longer Afford Housing in San Francisco

Every now and then a story appears in the national media that causes a lightbulb to start flashing incessantly in my head. For me, such story came to my attention today and relates to how Google is manufacturing housing for some of its employees due to the ridiculous cost of housing in the San Francisco Bay Area.

Jun 16 13:43

Irony at its best: Anti-capitalist professor belongs to the top 2%

Recently published information reveals that Erik Olin Wright, a professor who teaches a course bashing capitalism at the University of Wisconsin, earns an annual salary of $170,000.

Jun 16 13:35

Grocery stocks crashing after Amazon buys Whole Foods

Whole Foods stock was halted for ‘news pending’… and now we have the answer – Amazon to acquire Whole Foods Market for $42/share in an all-cash transaction valued at ~$13.7b, including Whole Foods Market’s net debt.

Jun 16 12:57

Jim Rickards: Expect a shock devaluation in Chinese yuan after October

The 19th National Congress of the Communist Party of China, CCP, will be held in the fall of 2017. The exact date has not yet been announced, but late October is a reasonable estimate. This will be the most important CCP meeting since the death of Mao Zedong and the rise of Deng Xiaoping in the late 1970s.

Jun 16 12:27

It’s Not Just Oil Prices Deflating

The drop in oil prices has gotten most of the attention, but commodities across the board have been selling off.

Jun 16 12:25

Has the state of Illinois gone broke?

The state of Illinois has not passed a budget for close to three years.

Jun 16 12:09

Carmageddon Crashes into “the Recovery” Right on Schedule — EXACTLY as Predicted Here

Carmageddon, as Wolf Richter has called it, is hitting the US economy exactly as I said a year and a half ago would start to happen at the very end of 2016 or the start of 2017.

Jun 16 11:40

Germany's Angela Merkel slams planned US sanctions on Russia

German Chancellor Angela Merkel shares concerns that proposed new US sanctions against Russia could hurt European companies, her spokesman says. He called the plans "peculiar."

Jun 16 11:15

The 10 Most Valuable Telecom Companies in the World

Telecommunications have become a very important part of our lives. In fact, studies show that the average smartphone user interacts with their phone for more than 145 minutes a day, according to researcher Dscout.

Jun 16 09:44

What Happens When the Machines Start Selling?

The death of fundamental analysis.

Jun 16 09:40

Why the Road to European Unity, Prosperity Goes Through Moscow

Now that Europe has been left to its own devices by Donald Trump's America, the two most powerful EU states – France and Germany – are facing the dilemma of how to maintain the bloc's unity. According to political scientist Rostislav Ischenko, Russia could become a sort of political-military "crutch" which will prevent the EU from falling apart.

Jun 16 09:38

Can We See a Bubble If We're Inside the Bubble?

We want this time to be different so badly, we can almost taste it.

Jun 16 09:33

WHISTLEBLOWER: "ALL MISERY ON EARTH IS A BUSINESS MODEL"

Dutch banking whistleblower Ronald Bernard is back

Jun 16 09:33

LAWSUIT ACCUSES PRIVATE PRISON COMPANY OF ILLEGALLY FUNDING A TRUMP SUPER-PAC

It’s no secret that President Donald Trump has been very good for private prison executives. After the Justice Department announced earlier this year that it would continue using private lockups—a reversal of an Obama policy announced in 2016—prison companies’ stock prices soared. Now, a campaign finance watchdog is suing to figure out whether one of these prison companies influenced the Trump administration’s policy reversal by donating large sums to a pro-Trump super-PAC during the 2016 presidential campaign.

Webmaster's Commentary: 

This is troubling.

But the worst part of this is, neither public nor private prisons work; that is because, conceptually, they are based on failed, stupid, and broken notions of what prisons are supposed to do, which cannot possibly prepare former prisoners for returning successfully to the outside world. Therefore, the lack of rehabilitation causes US recidivism to skyrocket.

The American penal system has never quite been able to distinguish between "punishment" and "rehabilitation".

Other, much more enlightened countries, like Sweden, are thoroughly focused on prisoner rehabilitation, so when they are released, there is far less recidivism in the former prison population.

Jun 16 08:43

Tech Bubble BURSTING: Share prices of Google, Facebook, Amazon and Apple crash AGAIN

Worried investors have rushed to exit the companies after a sell-off which started almost a week ago continues.

Google parent Alphabet's share price has dipped by as much as six per cent during this time, while Facebook and Amazon stock has seen similar rollercoaster movements.

Apple's share price has been even more volatile falling up to eight per cent in this period, while Netflix lost as much as nine per cent.

Jun 16 08:12

The $13 Billion Aircraft Carrier That Has Trouble With Planes

The newest and costliest U.S. aircraft carrier, praised by President Donald Trump and delivered to the Navy on May 31 with fanfare, has been dogged by trouble with fundamentals: launching jets from its deck and catching them when they land.

Now, it turns out that the system used to capture jets landing on the USS Gerald R. Ford ballooned in cost, tripling to $961 million from $301 million, according to Navy documents obtained by Bloomberg News.

While the Navy says the landing system has been fixed, the next-generation carrier built by Huntington Ingalls Industries Inc. still hasn’t been cleared to launch F/A-18 jets carrying a full complement of fuel tanks under their wings, a handicap that could limit their effectiveness in combat.

Jun 16 07:05

Retail Sales Tumble Most Since January 2016 As Gasoline, Electronics Sales Slump

So we have stock markets reaching new all-time highs on a daily basis. We also know, based on all historically accurate valuation methods, stocks are overvalued by 70% to 120%.

Jun 16 06:20

We Are Getting Very Close To An Inverted Yield Curve – And If That Happens A Recession Is Essentially Guaranteed

If something happens seven times in a row, do you think that there is a pretty good chance that it will happen the eighth time too? Immediately prior to the last seven recessions, we have seen an inverted yield curve, and it looks like it is about to happen again for the very first time since the last financial crisis.

Jun 15 14:45

When The System Thwarts Sincere, Hard-Working People, The System Has Failed

The net result is the organization fails its mission even as it adds employees and expands its budget and regulatory powers.

Jun 15 14:29

FLASHBACK 2015 - Lottery winners in Illinois get IOUs for prizes over $600

You can play the lottery in Illinois these days, but you just can't win much.
The cash-strapped state said on Thursday that it can't pay out anything over $600 for the time being. For a ticket worth more than that, winners get an IOU that won't be paid off until the state government resolves its long-running budget crisis.

Jun 15 14:05

The Timetable for an Exploding US Debt Bomb

Jun 15 14:01

Greece sells out citizens with water privatization

The "fire sale" privatization of Greece started in 2015, following the infamous Syriza referendum in which more than three-fifths of the Greek people voted to reject Troika-imposed bailout conditions – and yet their government, led by Alexis Tsipras, chose to accept the deal anyway.

Jun 15 13:57

BLACK FRIDAY WATCH/TECH/BITCOIN TUMBLES

Jun 15 13:42

ROBOTS are now cutting grass in New Jersey

Jun 15 13:42

Sears Canada Hires Bankruptcy Advisory Firm

The firm represents Target Canada in its insolvency proceedings.

Jun 15 13:33

WEED-BACKED CRYPTOCURRENCY POTCOIN FUNDED DENNIS RODMAN’S NORTH KOREA TRIP

Former NBA player Dennis Rodman has made yet another trip to North Korea this week. Though time a fully unofficial ambassador of the United States, he arrives in the republic as the official ambassador of PotCoin, a digital currency marketed to the marijuana industry.

Jun 15 13:32

HARVARD ANALYST ACCUSES THE CLINTONS OF 'LARGEST CHARITY FRAUD IN HISTORY'

An investigation into The Clinton Foundation by a financial analyst from Harvard University has revealed fraud on a "monumental scale", according to reports. Charles Ortel claims to have evidence that Bill and Hillary Clinton have committed the largest case of charity fraud in American history.

Jun 15 13:25

The True Cost of Being a Car Owner in America

Owning and driving a car is part of the American way of life. Whether commuting to work or taking a cross-country road trip, Americans spend a lot of time in the driver’s seat. But the cost of hitting the open road comes with some bumps and twists.

Jun 15 13:03

Why are Billionaires stockpiling land?

A rising number of American billionaires are channeling their inner Bear Grylls — some in preparation for an apocalyptic event, be it a viral epidemic, nuclear war, or cataclysmic pole shift.

Jun 15 12:17

Brandon Smith Warns: “We Are Already In The Midst Of An Economic Collapse… The Data Points Show An Economy In Severe Deterioration… Not Recovery”

In my article ‘The Trump Collapse Scapegoat Narrative Has Now Been Launched‘, I discussed the ongoing and highly obvious plan by globalists and international financiers to pull the plug on their fiat support for stock markets and portions of the general economy while blaming the Trump Administration (and the conservative ideal) for the subsequent crash. Numerous economic shocks and negative data which had been simmering for years before the 2016 elections are rising to the surface of the normally oblivious mainstream. This recently culminated in a surprise stock dive that stunned investors; investors that have grown used to the Dow moving perpetually upward, while the economic media immediately began connecting the entire event to Trump and the “Comey memos”, which likely do not exist.

Jun 15 12:13

Unable To Pay Bills, Illinois Sends "Dear Contractor" Letter Telling Firms To Halt Road Work On July 1

The state of Illinois has not passed a budget for close to three years.

Arguably it’s just as well because Illinois budgets for decades have been nothing but a moth-eaten collection of lies, one time deficits repeated endlessly, and financial wizardry statements designed to disguise Illinois’ real problems: failure to rein in spending coupled with a very business unfriendly environment.

As Illinois’ bond rating careens towards junk, Illinois Unpaid Bills Jumped to $14.3 Billion. Today, the state told contractors to halt roadwork other than that required for safety.

Webmaster's Commentary: 

This is the first of many economic "canaries in the coal mine", in the USSA (the Unhinged, Surveilled States of America), and I am reasonably sure that other states, and cities, will be going down this same road, and for precisely the same reasons.

Jun 15 11:29

Why are Billionaires stockpiling land?

A rising number of American billionaires are channeling their inner Bear Grylls — some in preparation for an apocalyptic event, be it a viral epidemic, nuclear war, or cataclysmic pole shift.

Jun 15 11:08

This Toxic Trifecta for Auto Loans is Fueling #Carmageddon

Subprime Auto-Loan Backed Securities from 2015 on track to be Worst Ever.

Jun 15 11:04

What Would Yellen Do, with these Retail Sales?

The death spiral of the department store.

Jun 15 10:58

Could we see 500 retail BANKRUPTCIES this YEAR?

Jun 15 10:22

Access Denied: US Mulls Blocking Chinese Investment in Artificial Intelligence

According to an unreleased Pentagon report, a federal agency is considering limiting Chinese financial investment in the US, even as Beijing continuously finds new ways to gain access to sensitive cutting edge US technologies, including artificial intelligence and machine learning.

Webmaster's Commentary: 

Of course, no such restriction applies to Israel!

Jun 15 10:10

Signed Into Law: Nevada Becomes Free-Trade Zone for Bitcoin And Other Blockchains

This could make Nevada a hub for blockchain startups and it certainly offers agorist opportunities. In this video, Vin Armani examines a brand new law in his home state of Nevada that creates a free-trade zone for cryptocurrencies and other blockchain applications exempting them from regulations. The law prohibits taxing and regulating blockchain businesses. Check out the details below:

Jun 15 10:07

Treasury Dept confiscating gold

GATA reported yesterday, and we picked up the story, about a golden rooster being confiscated by the Treasury in 1960. The rooster weighed in at a hefty 14 pounds of solid gold – that’s a lot of gold.

Jun 15 09:43

Bitcoin flash crash makes mockery of ridiculous claims that Bitcoin is a “store of value”

It’s only been a few years since cryptocurrencies like bitcoin first began taking the world by storm, offering what many people see as a more secure financial alternative to fiat currencies like the dollar. But the almost 20 percent bitcoin “flash” crash that recently took place just days ago on June 12 suggests that this may not actually be the case, and that relying on bitcoin as some kind of miracle store of value is more than a bit misguided.

Jun 15 09:37

City enforces expansion of sit-lie ban, moving scores of homeless out

After years of complaints, city crews dismantled two of the most volatile homeless camps on Oahu on Tuesday.

Jun 15 09:31

Germany, Austria Slam US Sanctions Against Russia, Warn Of Collapse In Relations

Less than a day after the Senate overwhelmingly voted to impose new sanctions against the Kremlin, on Thursday Germany and Austria - two of Russia's biggest energy clients in Europe - slammed the latest U.S. sanctions against Moscow, saying they could affect European businesses involved in piping in Russian natural gas.

Webmaster's Commentary: 

Again, a ham-fisted move by the Senate that was not thought all the way through.

Jun 15 09:30

Falling Rocks in the Promised Land

Speaking of bubbles and near-bubbles, consider the “Everything Bubble,” and the exceptional rallies in the NASDAQ 100 and Amazon stock. The current rallies are not as steep as during the 1999-2000 NASDAQ but the NASDAQ 100 and the “FAANG” (Facebook, Apple, Amazon, Netflix, Google) stocks have risen far too high.

Jun 15 09:27

"Any Crisis Can Bring About Immediate Shortages" – Food Is A Weapon In The Hands Of The Powerful

Eight years of Obamanomics has severely crippled the U.S. manufacturing base, and the food industry has not been immune to that destruction by a longshot. The dramatic rise in entitlements expanded by Obama has also caused the prices of consumer goods to shoot up drastically: more handouts by the government places more money in the hands of the entitlement-society…at taxpayer expense. This devalues the fiat currency even further and pushes up the prices of food.

Jun 15 09:26

European banks face €4.7 billion in fines

European banks could face fines totalling €4.7bn in the three years after General Data Protection Regulation comes into force, according to a report from data security solutions firm AllClear ID.

Jun 15 09:15

THERE WILL BE BLOOD: THE ALEXANDRIA SHOOTING AND CIVIL WAR IN AMERICA

The state will exercise it monopoly of violence and terror. It’s the defining characteristic of the modern state. The endgame is an authoritarian police and surveillance state.

The shooting at a Republican baseball practice in Virginia shouldn’t come as a surprise. It’s the result of months of establishment agitprop. From Kathy Griffin posing with Trump’s severed head to a Trump-like Julius Caesar killed in Central Park play, the media has fixated on strife between the two establishment parties.

This isn’t an accident. It’s designed to keep Americans distracted and at each other’s throats as the economy slowly implodes and the wars expand with horrific toll.

Webmaster's Commentary: 

I would like to be able to say with a straight fact that Nimmo is absolutely wrong in his characterisation of what is happening; unfortunately, however, my sense of logic indicates that he is 100% correct in his assessment.

Right now, I feel very blessed that Mike and I live in Hawaii; yes, people have geopolitical differences, and perhaps it is because of the wonderful diversity of people living here, but we all understand, at the end of the day, that we are Americans first.

Jun 15 09:11

EU Wants to Order All Euro Trading Moved from London to Paris

The European Union is preparing the legal basis to take over London’s extensive trading business with euro derivatives.

Jun 15 09:08

PEAK ECONOMIC DELUSION SIGNALS COMING CRISIS

In my article 'The Trump Collapse Scapegoat Narrative Has Now Been Launched', I discussed the ongoing and highly obvious plan by globalists and international financiers to pull the plug on their fiat support for stock markets and portions of the general economy while blaming the Trump Administration (and the conservative ideal) for the subsequent crash. Numerous economic shocks and negative data which had been simmering for years before the 2016 elections are rising to the surface of the normally oblivious mainstream. This recently culminated in a surprise stock dive that stunned investors; investors that have grown used to the Dow moving perpetually upward, while the economic media immediately began connecting the entire event to Trump and the “Comey memos”, which likely do not exist.

Webmaster's Commentary: 

The only alleged "recovery" has been for the one percenters, and not for the rest of the nation.

As we have counseled at WRH many, many times; don't panic - plan.

Have only what you need to pay your bills in the bank, and find a way to keep the rest of it under your personal control. Invest in physical gold and silver but only for its face, and not numismatic, value. And remember: the IRS and your bank can already take your money, regardless of whether you have been convicted of a crime:

Could the IRS empty your bank account?!?

US banks can already take your money

Make sure that you have potable water, and long-term storage food around. If you, your loved ones or your pets, are on any medication, make sure you have extra around, to protect yourself from shortages.

Find a way to protect what is yours in a way with which you feel morally comfortable, because those who didn't prepare may well want to rip you off, and they will be armed.

If you need to bug out, have a plan. And if you need to get your kids out of school early, find out what your school district's policy is on releasing them early from school.

Find people around you with whom you can build community, and identify those skills with which you can barter.

Jun 15 08:28

Congress Could Make It Harder for Local Pols to Blow Your Money on Stadiums

When New York City agreed to build a new stadium for the most valuable baseball team in the country, the Yankees, they partially paid for the project by issuing more than $1.6 billion in municipal bonds.

That means Red Sox fans in Boston ended up indirectly helping to build their rivals' new home.

Jun 15 08:06

The Fed Accelerates The Collapse Of The Economy, The Clock Is Ticking Down

Time Inc is cutting 300 jobs, Toy R Us is in trouble as sales continue to decline. Retail sales numbers are out and sales in each sector has declined. The retail industry is imploding.

Jun 15 07:17

You won’t believe this stupid new law against Cash and Bitcoin

This one is almost too ridiculous to believe.

Jun 15 07:13

Greece on the BRINK: Eurogroup REFUSES to agree debt relief and delays decision on bailout

GREECE is being pushed to the brink of bankruptcy today after the Eurogroup president said the country would still not receive the much-needed debt relief needed.

Jun 15 07:11

The Truth About the Dodd-Frank Repeal

It is very easy to have a knee jerk reaction to this issue but for something this critical it is very important to understand why it is being done.

Jun 15 05:57

2,000 Advanced Placement Economics teachers: how many will engage and respond to ~$1 million benefits per average US household for monetary reform and public banking? How many political ‘leaders’? How many citizens?

*hyperlinks/videos live at source*

There is literally no other topic more valuable for public consideration. Given the following data, do you agree?

To be fair, let’s assume 10% of the ~2,000 Advanced Placement (AP) Macroeconomics teachers pay attention to the discussion board where interested teachers engage in improving teaching and learning. Since 2009, I’ve shared data on monetary reform and public banking with zero positive responses to date, and perhaps a dozen non-academic and non-professional responses insulting my character, hit-and-run denial, and fear-mongering claims of inflation with failure/refusal to explain or discuss the data and history I provided.

Here’s the latest I offered in response to a question from a colleague:

Jun 14 22:33

when the usa goes bankrupt..

i'm convinced that corporate zionism has swallowed america whole. in order to express my disgust of what we have been become, i am writing in all lower case to protest against corporate/capitalism..the computer does'nt care. our american republic has turned into a killing machine for america's largest oil corporations. the real owners of america are the american indians..

the united states of America inc. is purposely being driven into bankruptcy.. when this happens the share holders of u.s.a.stock will will put the nation's assets at auction. they will now own all the land and infrastructure that we built.. i would rather give the entire country back to the american indians .. to whom it all belongs anyways.

Jun 14 19:42

What Trump Is About To Do With The Banks Is Not What You Think

Sears might be closing down their stores in Canada. Kellogg's is laying off more employees than originally thought. Today in America there are only 35% businesses that are not profitable.

Jun 14 15:31

BREXIT BOOST: Britain would be '£156 billion a year better off WITHOUT a deal with EU'

Former British Chambers of Commerce director John Longworth has issued “a Brexit fight back” after Remainers have tried to capitalise on the hung parliament election result to claim that Theresa May’s vision of a clean Break with the EU is “dead”.

The annual boost - worth around a third in growth for the British economy - would continue for at least 12 years as Britain’s economy is transformed by throwing off the shackles imposed by Brussels.

It is the equivalent of adding the entire NHS and defence annual budgets back into the UK each year.

Jun 14 13:32

GM Extends Plant Shutdowns As Toxic Trifecta For Auto Loans Fuels Carmageddon

In yet another unsurprising headline, The Wall Street Journal reports that GM will extend the typical summer shutdown at certain U.S. factories to deal with slumping sales and bloated inventory, a sign the industry’s hot streak is grinding to a halt.

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