ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Mar 28 15:58

Investors jump ship from Dow ETF as blue-chip average's momentum cools

fund has lost nearly $2 Billion in assetts since february

>>>

Mar 28 13:38

"We Are Going To Audit The Federal Reserve" Jason Chaffetz Shocks Democrats

A House panel led by Rep. Jason Chaffetz on Tuesday (3/28) approved legislation that would let a government watchdog audit the Federal Reserve’s monetary policy decisions, a move bitterly opposed by the central bank. Trump signaled support for measure during campaign

Mar 28 12:50

Meet SAM, Brick Laying Robot That Does The Work Of 6 Humans

In the latest installment of our "Dear Bernie" series, posts intended to inform the Vermont Senator about the unintended, negative consequences of minimum wage hikes, we present SAM (Semi-Automated Mason), a brick laying robot designed and engineered by Construction Robotics out of New York. While SAM can do the work of 6 unionized masons each day, he never requires a break, benefits or a paycheck.

Webmaster's Commentary: 

This is truly incredible, and I urge you to watch the video.

SAM is what the future of manual work will look like, in the not too-distant future.

Mar 28 12:39

What A Westinghouse Bankruptcy Could Mean For U.S. Utilities

International news services now report that Japan’s Toshiba Corporation (9502.T) is preparing to make a chapter 11 bankruptcy filing for its Westinghouse Electric subsidiary as soon as this Monday, March 27.

Mar 28 12:17

America's retail apocalypse: How 3,500 stores are set to close across the country!

What recovery???? More like an Apocalypse!

Stores closing everywhere!

Mar 28 11:06

Russia, China Lay Groundwork For BRICS Transactions in Gold

Recent progress made in streamlining trade in local currencies has brought Moscow and Beijing closer to creating a financial architecture that could facilitate transactions in gold.

As we reported last week, Moscow and Beijing took another step towards de-dollarization with the opening of a yuan clearing bank in Russia. And earlier this month Russia's Central Bank opened its first-ever foreign branch in Beijing to allow for better communication between Russian and Chinese financial authorities.

According to an article published yesterday by Sputnik, progress made in promoting bilateral trade in yuan is the first step towards an even more ambitions plan — using gold to make transactions:

Webmaster's Commentary: 

"NUKE 'EM!

"NUKE 'EM!

"NUKE 'EM!" -- Das FED

Mar 28 10:54

Why you should care about bitcoin

Mar 28 10:31

Who Owns The Federal Reserve Full by Brother Nathanael

Mar 28 10:28

Baltimore Mayor's Veto of $15/Hr Bill Shows Corporate Wing of Democrats Alive and Well

Labor reporter Mike Elk discusses the potential backlash faced by Maryland Democrats as well as the significance of the Mississippi Nissan workers struggle

Mar 28 10:28

Will Dems Derail Sanders's Push for Public Option?

Wendell Potter, a health insurance executive turned whistleblower, on the GOP failure to repeal Obamacare and what lessons the 2009 defeat of the public option - when Democrats controlled Congress - can offer today.

Mar 28 10:22

House panel passes bill to audit the Fed

A House panel on Tuesday approved legislation that would let a government watchdog audit the Federal Reserve’s monetary policy decisions, a move bitterly opposed by the central bank.

The House Committee on oversight and government reform passed the measure by voice vote after roughly 30 minutes of debate.

The bill was the brainchild of Ron Paul, the former House Republican and libertarian presidential candidate and sharp critic of the U.S. monetary policy. Versions of the bill have twice passed the House by wide margins but then stalled due to lack of support from Democrats in the Senate and the Obama administration.

Webmaster's Commentary: 
Mar 28 10:02

TRUMP TO SIGN "ENERGY INDEPENDENCE" ORDER KILLING OBAMA'S CLIMATE CHANGE INITIATIVES

Coming off a brutal Trumpcare defeat, delivered by members of his own party no less, Trump has decided to return to a strategy of progressing his policy initiatives through executive order. As such, later today President Trump is set to sign a sweeping new "Energy Independence" executive order aimed at promoting domestic oil, coal and natural gas production by reversing much of Obama's efforts to address climate change via his "Clean Power Plan".

Obama’s Clean Power Plan was designed to cut carbon dioxide emissions from electricity by 32% by 2030 compared to 2005 levels and resulted in the collapse of the coal industry, including several large bankruptcies. That said, the initiative has been in legal limbo since the Supreme Court stayed it while it was reviewed by a federal appeals court. The Trump administration now is expected ask that court to put the matter on hold to allow it time to revise or undo the measure -- an action environmentalists have vowed to challenge.

Webmaster's Commentary: 

President Trump, a word, please: this alleged "Energy Independence" puts this country back to dependence on fossil fuels, which have driven these insane wars of conquest in places like Iraq; Afghanistan; and Libya.

The US and UK have some of the finest engineering and mathematical minds in the world. Your "Energy Independence" plan should be planning to put some of these minds together, in a collaboration toward renewable, alternative independence which can power a tank or an airplane.

That, sir, would be a move forward toward REAL energy independence, and stop the need for wars to expropriate those resources to which we have no moral right; regime changing the governments of those countries from which we are expropriating said resources; and insure that those resources are only sold in US dollars.

That would save this government a lot of money, Mr. President!!

Mar 28 09:53

AFTER DRAMATIC OBAMACARE FAILURE, TRUMP NOW FACES A LOOMING GOVERNMENT SHUTDOWN HE MAY NOT BE ABLE TO PREVENT

If you thought that the Obamacare debacle was bad, just wait until you see what happens next. The continuing resolution that is currently funding the government expires on April 28th, and if a new funding agreement is not reached prior to that time, there will be a government shutdown like we witnessed in 2013 starting on April 29th. Unfortunately, as I will explain below, if a government shutdown happens it may go for a lot longer than just a couple of weeks this time around.
April 28th may sound like it is quite some time away, but because the congressional calendar has so many “holes” in it, there is actually not very much time for Congress to act.

If you can believe it, there are only 12 “legislative days” between now and April 28th, and if something is not done on one of those 12 days the government will shut down on April 29th.

Webmaster's Commentary: 

This is truly one of the most dysfunctional moments in American government I have ever witnessed; and in light of the fact that I turn 68 in a couple of months, I have seen a lot of these!!

Mar 28 09:40

GOVERNMENT MANDATORY HEALTH CARE IS STILL TYRANNY

House Speaker Paul Ryan said Friday that pulling the GOP leadership's bill to overhaul the US healthcare system from the House floor meant Obamacare would remain "the law of the land" for the foreseeable future.

Government Mandatory Health Care Is Still Tyranny

The failure of the GOP to repeal Obamacare proves once again that the establishment power structure maintains their grip on political policy. The incompetence of Paul Ryan is more closely described as a propensity to be a faithful stooge for the corporatist agenda. It is because of this assessment, which reflects the current state of conduct where nothing ever changes or actually improves society that keeps the malevolent system in place. Regretfully, Big Government is now the GOP Platform.

Webmaster's Commentary: 

What our readers, and listeners, need to do, is to educate themselves about nutrition and exercise, which sounds really basic, but there is absolutely a lot to learn, that your doctors won't tell you, because they are not profitable if you learn to keep yourself as well as possible; it is just that simple.

For example, has any doctor you have ever visited mentioned that turmeric appears to stop and slow the rate of cancer growth in the human body?!?

Turmeric's medicinal properties

Turmeric

Potent Spice Works To Block Growth Of Melanoma In Lab Test

Thought not.

And please, about diet; eat as organically as humanly possible. Yes, I know it will cost more; but isn't a long-term investment in your wellness worth it?!?

Mar 28 09:30

THE OVERLAPPING CRISES ARE COMING, REGARDLESS OF WHO'S IN POWER

No leader can reverse the dynamics of mutually reinforcing crises.

Commentators seem split into three camps: those who see Trump as a manifestation of smouldering social/economic ills, those who see Trump and his supporters as the cause of those ills, and those who see Trump as both manifestation and cause of those ills.

I think this misses the point, which is the overlapping crises unfolding in this decade-- diminishing returns on skyrocketing debts, the demographics of an aging populace, the erosion of the social contract and the profound disunity of political elites--will continue expanding and feeding on each other regardless of who is in power.

Historical analysis seems to swing between the "Big Man/Woman" narrative that views individuals as the drivers of history, and the "Big Forces/it's all economics" narrative that sees individual leaders as secondary to the broad sweep of forces beyond the control of any individual or group.

Mar 28 08:49

The Economic Volcano Is About To Blow

Mar 28 07:31

Republicans Blocked 'Buy American' Bill For Foreign Steel Companies

Mar 28 07:27

The Chaos Continues As Banks Begin To Crash

U.S. Dollar Just Fell Below THIS Top Technical Trading Indicator! 4 Month Low!
UK is entering meltdown mode, inflation surges.

Mar 28 07:00

Are the currency wars still raging?

One of the features of the post credit crunch era is that economies are less able to take further economic stress. This leads us straight into today’s topic which is the movements in exchange rates and the economic effects from that.

Mar 28 06:53

Crooked Columbus funded development group shuts down - supported development in the city’s struggling Linden neighborhood

formed in 1994 to support the neighborhood, offering services for businesses and using federal funds to build new houses, among other activities

Mar 28 04:09

After Dramatic Obamacare Failure, Trump Now Faces A Looming Government Shutdown He May Not Be Able To Prevent

If you thought that the Obamacare debacle was bad, just wait until you see what happens next. The continuing resolution that is currently funding the government expires on April 28th, and if a new funding agreement is not reached prior to that time, there will be a government shutdown like we witnessed in 2013 starting on April 29th.

Mar 27 20:34

Amazon shopping may be about to get even MORE expensive

Amazon shoppers may soon find that their online purchases cost more than expected.

The online retail giant has said that it will start collecting sales tax in four new states in the US from April 1st, bringing it to an important landmark that could mean price rises across the board.

The move, reported by CNBC, means that purchases made in the states of Hawaii, Idaho, Maine, and New Mexico will now incur sales tax.

Mar 27 16:19

Dow Losses Extend Into Day Eight; Longest Losing Streak in Nearly Six Years

The dow jones industroal average closed monday in the RED , its eighth straight day of losses , in a row , and it's lomgest streak of losses simce August , 2011>>>

Mar 27 15:43

Why $15 An Hour Should Be The Absolute Minimum Minimum Wage

There are many important issues on the national political table right now, but sometime soon, fixing the federal minimum wage should be there too.

Mar 27 15:14

Britain’s Poorest Children Constantly Moving House & Going Hungry – Study

Children growing up in Britain’s poorest families are frequently made to move home, travel long distances to school and spend extended periods indoors because of how unsafe their neighborhoods are.

Mar 27 14:33

Dr. Jim Willie: Top 10 Risks to the U.S. Dollar (Interview)

In the following video, Right Wing News personally interviews the one and only Dr. Jim Willie about the latest happenings in the global economic market and how they relate to what we should expect from the U.S. Dollar and U.S. economic markets.

Among some of the topics covered include the non-passage of “Obamacare Lite” and whether that is expected to have any significant effect on U.S. markets, as well the coming retail apocalypse, the Fed’s decision to raise interest rates when there is no data to suggest the economy can handle it, why other countries are dumping U.S. Treasuries, and what it means for Americans not if, but when the U.S. loses its status as the global reserve currency. After the interview, be sure to check out Dr. Willie's latest post at GoldSeek.com.

Mar 27 13:53

Auto Industry Resorts to Biggest Incentives Ever Just to Slow the Decline in Sales, Last Time Automakers Tried This Was In 2009!

In a few days, automakers are going to report their new vehicle deliveries for March. TrueCar, Kelley Blue Book, and LMC Automotive are predicting total vehicle sales slightly above the flat-line compared to March a year ago, though sales were down year-over-year in both January and February.

Mar 27 12:58

Banks Are Crashing

Party's over...

With the yield curve flatter than before Trump's election, and rates collapsing, reform was the last best hope for bank bulls...

Mar 27 12:58

Dollar Collapse Continues - Over 80% Of Post-Trump Gains Gone

When the dollar was soaring, it was 'unequivocally' a reflection of the strength (or potential strength) of the US economy and its safe-haven, cleanest-dirty-short status. Since The Fed hiked rates for the 3rd time in 11 years, however, the dollar has done nothing but decline...

Erasing over 80% of post-Trump gains...

Mar 27 12:37

Real Americans RUSH to get employment after a local resort gets rid of ILLEGAL Aliens! Georgia

Chateau Elan, Georgia, is filling many positions after firing illegal
alien workers and is now hiring American workers to replace the fired
illegal immigrants.

Mar 27 10:55

ALERT Trump is Going Full Keynesian

"Priming the pump" is one of the scariest economic programs you can hear promoted by a president.

Mar 27 10:14

Trump Budget Has Some Good Cuts… But it raises spending on the merchants of death…

It’s interesting that Trump & Co. have cut funding for US allies, culture, education, the poor, and just about everything else except the Pentagon and Israel. Not a penny was reduced from Israel’s recent grant of $38 billion in arms spending over ten years. Not a peep about this from Congress or Trump. An honest war tax would show Americans the real cost of their imperial adventures and spare their children from having to pay for such dumb wars as Afghanistan and the Mideast.

Mar 27 09:49

Two Trends That Will Force The Fed To Start Buying Stocks

While the Japanese and Swiss central banks have turned themselves into hedge funds by loading up on equities, the US Fed has stuck to supporting the stock market indirectly, by buying bonds. It’s worked, obviously, with all major US indexes at record highs. But it won’t work going forward, thanks to two gathering trends.

Mar 27 09:24

EU SET TO TOUGHEN UP CAPITAL CONTROLS IN GREECE, AS THINGS GO FROM BAD TO CATASTROPHIC IN EU MEMBER STATE

It is not common knowledge (as the EU tries to suppress news that sheds light on the misery of being an EU member state), but Greek citizens have been living with capital controls since 2015.

What does this mean? Simply put it means that Greek people, EU citizens, cannot withdraw more than a designated amount of cash from their own bank accounts.

In the case of Greece, you can only withdraw €840 every two weeks from a bank ATM or in person at a bank teller. If you wish to withdraw more than the designated €840, then you need special permission to access your money held at the bank of your choice.

It was supposed to be a temporary safeguard to avoid capital flight amidst a pathetic Tsipras driven EU revolt, but the capital controls remain to this day and now news is trickling in that the controls will not only last longer, but may even toughen up.

Webmaster's Commentary: 

I, personally, am waiting for the intelligent political leaders to pull an "Iceland", declare the country's debt "odious", and put the banksters and politicians into hard jail time for the misery and pain they have collectively inflicted on the Greek people.

Mar 27 09:14

Subprime auto loans face mounting problems: With $1.1 trillion in loans outstanding we all know bad deals are made in good times.

Exuberance breeds bad decisions as inhibitions and due diligence get tossed out the window like dirty water. This is exactly what is unfolding in the rampaging auto market. The latest data from Fitch Auto ABS Indices shows that 60+ day delinquencies for subprime loans are now at 5 percent of all outstanding balances. This is the highest it has been since 2008 when the financial crisis was wrecking havoc on global markets. The issue we have today is that auto loan standards are deep in the toilet. Essentially what happened in the housing market with no-doc and no-income loans is happening with the auto sector. Part of this has to do with the pressure being seen in the industry since new cars are simply built much better and can last a long time. So dealers hustle out late model used cars which eat into new car sales. So incentives are the name of the game and when incentives end you simply start giving out loans to anyone with a pulse.

Bad loans are made in good times

Mar 27 09:05

Condo Flippers in Miami-Dade Left Twisting in the Wind

Ballooning Condo Glut ensnares preconstruction speculators.

Mar 27 08:25

PARKINSON’S LAW ALSO APPLIES TO THE PENTAGON

Back in the 1950’s, a British professor at the distinguished University of Malaya, C. Northcote Parkinson, observed that as the post-war Royal Navy shrank in size, its bureaucracy continued to expand.

Parkinson formulated a law that bureaucracies will naturally grow at 5-7% per annum. He also wisely added ‘Make the people sovereign and the poor will use the machinery of government to dispossess the rich.’

All bureaucracies, public and private, must be periodically forced on a diet. US President Donald Trump is, as promised, taking an axe to Washington’s dense bureaucratic undergrowth. He claims the cuts will save $2.5 trillion over ten years.

Mar 27 07:55

Fannie and Freddie’s New Bubble

Fannie Mae and Freddie Mac still have housing blood on their hands from the 2008 financial crash. However, the giant GSEs, placed in government conservatorship in September 2008, have now, virtually all by themselves, created another bubble, this time in the multifamily rental market.

Mar 27 07:45

Subprime Auto Loans Crushed Worse than in 2009, Auto Industry Bleeds, Knock-on Effects Commence

After the credit bubble comes the credit bust.

Mar 27 06:38

Poundland's 99p Stores fall into administration: 60 shops across the UK to SHUT

HIGH street chain 99p Stores is to shut, after the Poundland-owned company fell into administration.

Mar 27 06:20

Top European banks profited €25bn from tax havens last year

A report by Oxfam suggests Europe’s largest banks have registered over a quarter of their profits in offshore tax havens last year. The continent's top 20 lenders avoided paying tax on an estimated €25 billion, the study finds.

The report follows increased international scrutiny of corporate tax avoidance.

The lenders paid no tax on profits of €383 million posted in seven tax havens last year while booking earnings of €4.9 billion in Luxembourg – more than they did in the UK, Sweden, and Germany combined.

In 2015 European banks posted at least €628 million in profits in tax havens where they employ nobody, Oxfam reported. Luxembourg and Ireland are the most favored tax havens, accounting for 29 percent of the profits banks posted offshore in 2015.

Mar 27 04:45

Debt limit looks like a real struggle after health bill debacle

"We've spent the money , I think everybody understands the debt limit
(* http://www.heritage.org/debt/report/2017-debt-limit-should-trigger-spe... )
is a somewhat of a ridiculous concept
I am hopeful this is something the congrrss addresses before the summer break
I think everybody understands we need to raise the debt limit , and that is something we're going to do"
Secratary of the Treasury Steven Mnuchin

Mar 27 02:11

Italy/Spain/EU/USA at the Grim Edge of a Global Problem

This trend is not your friend.

Mar 26 18:12

Spain's EU exit on horizon as ‘only a miracle’ can save nation from debt bubble BURSTING

SPANISH university professors and economists are calling on Prime Minister Mariano Rajoy to come clean over its debt burdens as calls for the country to leave the European Union (EU) grow.

And they say it is absolutely essential that the People's Party-led government immediately produce accurate figures over the country's GDP as debt burdens weigh on hardworking families.

The average Spanish family is crippled with £118,000 (€136,000) in debt brought on by years of mismanagement, it has been warned.

Mar 26 10:46

John Williams-Trump Can Save US Dollar, He is America’s Last Chance

Williams says Trump must address the “long term solvency of the United States.” Williams goes on to say, “If he does this, the rest of the world will say, boy, they brought things under control, and they would be happy to own the Treasury bonds. I don’t know if this can be done, but this is what you got to do.”

Mar 26 09:37

Automation Threatens Jobs But Offers Financial Freedom

By Brian Berletic

Despite sensational headlines and opportunistic politicking regarding the threat automation poses to socioeconomic stability, with a fully informed, properly educated population, more opportunities than threats lie ahead of us in the near future.

Automation has since the Industrial Revolution replaced human jobs with machines. As technology advances and automation evolves, the socioeconomic landscape of human civilization has evolved with it...

Mar 26 09:36

Why after reporting a 2.6bn loss would a company gives its boss a 20 per cent pay rise?

IF YOU were the pay chief of a FTSE 100 company that has just reported its largest loss in 173 years, the last thing you would do is give the chief executive a pay rise. Right?

For some reason, the head of Pearson’s remuneration committee Elizabeth Corley and her colleagues think otherwise, awarding chief executive John Fallon a 20 per cent pay rise, taking his total pay packet for 2016 to £1.52million.

So what did former PR man Fallon do to earn this?

Pearson says he achieved “above threshold performance” to get his basic pay rise and £343,000 bonus.
The numbers suggest otherwise.

Last year Pearson’s pre-tax losses ballooned from £433million to a company record of £2.6billion.

Mar 26 09:04

US Will Keep Ground Troops in Libya

In a press briefing at the Pentagon today, African Command leader Gen. Thomas Waldhauser announced that the US intends to keep ground troops in Libya for the foreseeable future to support “friendly forces,” and to “degrade” the ISIS forces that remain in the country.

Waldhauser did not specify how many US troops are in Libya now, or how many will stay, but did estimate that there were less than 200 ISIS fighters left in Libya. The US had announced the end of the anti-ISIS campaign in Libya back in December, but never fully withdrew from the country.

The US forces were in Libya trying to help the “unity” government defeat ISIS in the city of Sirte. US officials repeatedly claimed the city was totally surrounded, and that no ISIS fighters would get away, though when the fighting finally ended, a substantial number of ISIS fighters did in fact get away.

Webmaster's Commentary: 

Translation: this is "military-speak" for the reality that the US government is never leaving Libya because of the oil and the oil pipelines.

Mar 26 08:28

Why This Market Needs To Crash (And Likely Will)

Like an old vinyl record with a well-worn groove, the needle skipping merrily back to the same track over and over again, we repeat: Today's markets are dangerously overpriced.

Being market fundamentalists who don’t believe it’s possible to simply print prosperity out of thin air, we’ve been deeply skeptical of the financial markets ever since the central banks began their highly interventionist policies. Since 2009, they have unleashed over $12 Trillion in new money into the world, concentrating wealth into the hands of an elite few, while blowing asset price bubbles everywhere in the process (see our recent report The Mother Of All Financial Bubbles).

Mar 26 07:00

Trump's orgy of unnecessary cruelty

The theme that unites Donald Trump's major initiatives , so far , is their unnecessary cruelty
***
These cuts come at a time when American families are in poverty , including one in five children

Why is Trump advocating this ?

To pay for the biggest hike in military spending since the 1980s>>>

Mar 26 05:43

2-minute video: ‘We the People’ owe $20 trillion to .01% demonocracy? Demand monetary reform & public banking for $1,000,000 per US household benefits, and .01% arrests for massive fraud to call debt ‘money’ OR kiss your assets goodbye

*hyperlinks/videos live at source*

Demonocracy’s sharp 2 minutes of the tragic-comic mathematical certainty for a society that creates what is used for money as debt; just as certain as adding negative numbers forever causes only and always increasing aggregate debt until a system collapse:

We the People endure endless criminal actions under a .01% rogue state empire, with rhetoric by both political parties’ “leaderships” most accurately defined by bestselling Yale Professor emeritus Harry Frankfurt as bullshit: the inversion of objective factual reality.

This can also be characterized as corporate media “covering” a “Big Lie” .01% crime with “fake news.” The great news, as usual, is that we have technical solutions to end all real problems. In this case, Benjamin Franklin is one of hundreds of America’s best and brightest who clearly document that monetary reform with public banking allows government to operate without taxes with abundant funding.

Mar 26 03:56

2018: THE YEAR OF GLOBAL CURRENCY CHAOS

Mar 25 17:23

Now Brussels set to slap ANOTHER Brexit bill on UK with demands for €100BN for ‘EU army’

THE European Union is demanding members states spend an extra €100billion (£86billion) to fund its controversial army battlegroups.

And Brussels will attempt to force the UK taxpayer to contribute to the fund, which includes winding up failing operations in Africa, despite Britain preparing to leave the bloc.

Mar 25 10:12

Pope Francis Warns Against Other Countries Leaving The EU

Pope Francis warned world leaders on Friday that the European Union “risks dying” without a clear vision for the future.

The pontiff addressed European Union leaders at the Vatican ahead of the bloc’s 60th anniversary celebrations, scheduled to take place in Rome on Saturday.

“When a body loses its sense of direction and is no longer able to look ahead, it experiences a regression and, in the long run, risks dying,” Francis said.

Celebrations marking 60 years of Europe’s economic and political cohesion have been dampened by Britain’s impending departure from the union. EU leader Jean-Claude Juncker called the country’s 2016 decision to leave the bloc a “failure and a tragedy.”

“We are not in the best form and shape we could be in,” he admitted in an interview with the BBC on Friday.

Webmaster's Commentary: 

Pope Francis, a word please; you are supposed to be the Supreme Leader of your faith; but are you not venturing way out in the realm of geopolitics, and presenting yourself as a "globalista" in making these statements?!?

Both Italy and Greece have economic woes which will make future participation in the EU nearly financially impossible, And Deutsche Bank can barely hold itself together.

And Holy Father, one last, and very reasonable, question; how many of these immigrants has the Vatican taken in and absorbed within its city walls?!?

Would the short answer possibly be, NONE?!?

Thought so!!

Mar 25 08:27

Rest of EU must not be CONTAMINATED by Brexit, says Schauble

BRUSSELS does not want to punish Britain over Brexit but must look after the European Union’s remaining member states, according to German Finance Minister Wolfgang Schauble.

Mar 25 07:52

Senate puts ISP profits over your privacy

The Senate just voted to roll back your online privacy protections. Speak up now to keep the House from doing the same thing.

Mar 25 07:19

The Unaccountable Military Industrial Complex Is Destroying America and the Rest Of The World Too

On Jan. 17, 1961, US President Eisenhower gave the nation a dire warning about what he described as a threat to democratic government. He called it the military-industrial complex.

He warned, "In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists, and will persist."

Webmaster's Commentary: 

Mar 25 04:43

TRUMP WINS AGAIN! STARBUCKS CAVES IN! CEO JUST ANNOUNCED PLANS TO MAKE AMERICA GREAT AGAIN!

"Sarah Whitten for CNBC reports, Starbucks Chairman and CEO Howard Schultz talks about the company's goal to hire 10,000 military veteran's and military spouses. Starbucks Chairman and CEO Howard Schultz talks about the company's goal to hire 10,000 military veteran's and military spouses."

Mar 24 14:44

The Collapse Is Confirmed! Sings Of The Imminent Economic Collapse

What is this going to look like to the man on the street when the economy melts down again? Financial expert Doug Casey says, “The country has been living way above its means.

Mar 24 14:27

This is the biggest gold story that nobody is talking about

Gold has performed exceedingly well since last Wednesday’s much-anticipated rate hike. It shot up about $25 Wednesday alone. Today it’s up another three bucks, to $1,233.

Mar 24 12:57

Lithium Suppliers Can’t Keep Up with Skyrocketing Demand

Near the extinct volcano known as Monte Pissis, high in the Andes on the Chile-Argentina border, the air is thin and animal life scarce. It’s also a prime location for lithium, the silvery-white metal used in the production of lithium-ion batteries.

Mar 24 12:43

Yuan Clearing Bank Opens in Moscow as Russia, China Dump Dollar in Bilateral Trade

Moscow and Beijing took another step towards de-dollarization with the announcement of the opening of a renminbi clearing bank in Russia on Wednesday. Local currency transactions were first used in both countries' border regions. Today, more and more Chinese and Russian financial institutes and enterprises are using local currencies to invest and settle accounts, as the yuan-ruble trade platform is becoming more established and the transaction network is expanding amid deepening China-Russia economic and financial cooperation...

Mar 24 12:40

Watch These Geopolitical Flashpoints Carefully: “There Are Always Triggers And Warning Signs”

In the survivalist community there is a philosophy – there is no such thing as a crisis for those who are prepared. This is true for prepared individuals as much as it is true for prepared communities and prepared nations. The only way a society can fall is when it becomes willfully ignorant of potential outcomes and refuses to organize against them.

By extension, it would make sense that by being prepared for a particular crisis or outcome an individual or group could not only survive, but also profit. It is not crazy or outlandish to entertain the idea that there are groups in power (perhaps for many generations) that aggressively seek to predict or even force particular outcomes in geopolitics for their own profit. And, by profit, I do not necessarily mean material wealth. In many cases, the power of influence and psychological sway over the masses might be considered a far greater prize than money or property.

Mar 24 12:38

FLASHBACK - AT A CROSSROADS: THE POSTAL SERVICE’S $100 BILLION IN UNFUNDED LIABILITIES

Webmaster's Commentary: 

Well, THAT explains the crappy service! USPS still can't find my missing Raspberry PI! :(

Mar 24 12:18

Big ECB Cash Handout Today Floats all Markets – um, Briefly

Gusto for US stocks and bonds dies down quickly.

Mar 24 11:30

Sears Enters Death Spiral: Vendors Halt Shipments, Insurers Bail

When we commented yesterday morning on the unexpected "going concern" notice in Sears' just filed 10-K which sent the stock crashing, we pointed out the immediate spin provided by Eddie Lampert's distressed retailer which promised that its comeback plan may help alleviate the concerns, “satisfying our estimated liquidity needs 12 months from the issuance of the financial statements", to which however we added the footnote that "the question is what happens when vendors start demanding cash on delivery as concerns about SHLD.'s liquidity concerns continue to grow."

Mar 24 11:30

The Real Estate Market Has Been Pumped Up To Support The Fake Economy, When It Goes..

Initial jobless claim is continuing to move up. The art bubble is popping all over the place and artwork is losing its value quickly. New home sales spike as mortgage apps, existing home sale decline and while mortgage rates increase.

Mar 24 10:21

Gun Owners of America: Paul Ryan’s Obamacare 2.0 Still Contains Gun Control

Trump is becoming a nightmare!

Gun Owners of America (GOA) is warning that House Speaker Paul Ryan’s Obamacare 2.o still contains measures that will allow doctors, insurance companies, and the ATF to use medical records to further a gun control agenda.
The first thing GOA points out is that Ryan’s bill “needs to be amended to prohibit the ATF from trolling the national health database, or Medicaid, or any new entitlement program for persons with PTSD, Alzheimer’s, ADHD, or merely ‘anxiety.’” GOA says the recently repealed Social Security gun ban allowed such trolling, which opened the door to the ATF growing the list of the persons prohibited from gun ownership based on otherwise private information gathered from health records.

Mar 24 09:56

Russia Prepares For Split With International Banking System

Russia has successfully developed and implemented an alternative should it be excluded from international banking systems, according to a recent report.

As far as western sanctions go, by far Russia's largest vulnerability is in its banking sector, which for better or for worse is tied to the hip with international banking.

If Russia wishes to maintain the status quo, there's not much that can be done about this dependency. But shortly after sanctions were announced in 2014, Moscow set out to prepare for the worst-case scenario: being cut off from the Worldwide Interbank Financial Telecommunication (SWIFT) system.

Mar 24 09:42

Stocks Poised To Stumble If Trump's Health Bill Flops

As Republican lawmakers scurry to cobble together enough votes to pass the House Health Care bill on Thursday, some chinks in the armor are beginning to appear. The stock market has rallied soundly in recent months amid expectations for significant tax reform and infrastructure legislation.

The ability or failure of the Republican controlled Congress to pass the health care bill will be viewed as a litmus test on their ability to move forward on other key economic legislation.

If financial markets become concerned that economic-growth producing proposals such as tax reform and infrastructure spending may have difficulty moving along the legislative track, the stock market will need to reprice, which means lower prices ahead.

Mar 24 08:12

Russian Roulette, Central Banks, and Gold

Grab your ultra-reliable 357 magnum revolver and load the cylinder with six, not one, rounds of ammunition. Point the gun at your head if you are a member of the struggling middle-class. Imagine pulling the trigger and hoping …

Do you feel lucky?

The Six Loads of Ammunition for your 357 revolver are:

Mar 24 08:04

AFTER US REFUSED TO CHARGE THEM FOR LAUNDERING TERRORIST MONEY, MEGABANKS BUSTED AGAIN

An investigative reporting coalition recently released a report alleging a multi-billion dollar money laundering operation that has affected hundreds of banks and companies in 96 countries including the repeat offender, HSBC.
In 2012, HSBC, one of the world’s largest banks, settled with the U.S. Government, avoiding criminal prosecution of its executives, for helping to launder money for Mexican drug cartels as well as Al Qaeda. According to the US Senate’s report, which investigated the matter, HSBC provided a “gateway for terrorists to gain access to U.S. dollars and the U.S. financial system.”

Webmaster's Commentary: 

Hey, this is SOP (standard operating procedures) for the TBTF (too big to fail) banks; I'm not surprised, and unless and until the executives who signed off on these actions get prosecuted and jailed (and I am talking about hard time, and NOT a "Club Fed"), such practices will continue.

When all prosecutors like Lynch do is a slap on the wrist, through fines, and not prosecuting individuals who thought these kinds of actions were "a good idea" persist, nothing will change.

Additionally, the rich very rarely eat their own; I do not know what the lady's net worth may be, but I don't think she left her position as Attorney General a pauper

Mar 24 07:42

'This is the WRONG direction’ Furious German row after minister calls for MORE EU funding

A WAR of words has erupted in Germany after the nation’s foreign affairs minister said his country should pay more into the Brussels bank to help ailing Greece.

Mar 24 03:43

Member Of Congress Warns Of A 1,000 Point Stock Market Crash If Obamacare Lite Does Not Pass

But fixing our failing healthcare system is far more important than trying to prop up the financial markets, and so the strong conservatives in the House are quite right to stand by their principles.

Simply “tweaking” Obamacare is not going to fix anything, and it is extremely disappointing that President Trump and Paul Ryan are advocating such an approach.

Mar 23 17:57

Meals On Wheels Is Just The Beginning: Economist Mark Price On Trump's Proposed Cuts

A disabled pilot opens a prepared meal at his home in Portland, Oregon, July 12, 2010. Meals on Wheels, a program that Donald Trump plans to cut, has been the subject of many peer-reviewed studies in the medical literature, most of which show that the program improves the quality of people’s diets, increases their nutrient intake and reduces their food insecurity and nutritional risk.

Mar 23 11:49

The Media Flip Flops On The Economy,Retail Apocalypse Is Here,Crisis Around The Corner

Retail nightmare continues, Sears, JC Penny and Payless going under. Corporate media admits that retail is in trouble, they are calling it, retail apocalypse, this is the start of admitting the economy is in crisis mode.

Mar 23 10:45

#NoDAPL: ING Bank Sells Loan Shares In Controversial Pipeline

Financial giant ING has sold its stake in its financing of the Dakota Access Pipeline as a result of a divestment campaign to stop the $3.8 billion pipeline from going ahead, marking a victory for the Standing Rock Sioux tribe and its supporters.

Mar 23 10:09

THE WORST RETAIL CATACLYSM EVER: SEARS WARNS IT IS ON THE VERGE OF COLLAPSE AS PAYLESS PREPARES TO FILE FOR BANKRUPTCY

More than 3,500 retail stores are going to close all across America over the next few months as the worst retail downturn in U.S. history gets even deeper. Earlier this week, Sears shocked the world when it announced that there is “substantial doubt” that the company will be able to “continue as a going concern” much longer. In other words, Sears has announced that it is on the verge of imminent collapse. Meanwhile, Payless stunned the retail industry when it came out that they are preparing to file for bankruptcy. The “retail apocalypse” that I have been warning about is greatly accelerating, and many believe that this is one of the early warning signs that the economic collapse that is already going on in other parts of the globe will soon reach U.S. shores.

Webmaster's Commentary: 

Sears is the proverbial "canary in the coal mine."

When it is about to go under, we will probably see a tsunami of other retail establishments falling in its wake.

And online buying is not the villain here; people just don't have the expendable income with which to shop, and they are keeping a very close eye on credit card usage, now that the Fed has upped their rates.

Mar 23 09:48

Confidence in Real Estate Crashes in Australia

The rush of foreign capital that has caused real estate in major cities to soar coming out of China has hit Australia, Canada, and the USA.

Mar 23 09:06

Ally Financial Slashes Guidance As Used Car Prices Suffer “Worst Decline In 20 Years”

I think this may be the first canary in the coal mine.

Mar 23 08:52

BREXIT BOOST: Michel Barnier drops bombshell as he vows EU will sign trade deal with UK

BREXIT negotiator Michel Barnier today dropped a bombshell as he said the EU was determined to seal a "unique" trade deal with an independent Britain as soon as possible.

Mar 23 08:49

Nine years later, Greece is still in a debt crisis…

Sometimes you have to marvel at the absurdity of the financial universe in which we live.

Mar 23 08:36

America's retail apocalypse: How 3,500 stores are set to close across the country in just the next two months 

Thousands of US retail stores are set to close across the country in the next two months.

More than 3,500 shops are expected to shut down due to the rise in online shopping, in what is becoming one of the biggest retail closures in decades.

Chains like Abercrombie & Fitch, American Apparel and Guess are shutting down branches, as well as major department stores like Macy's, JCPenney, Sears, and Kmart.

Mar 23 08:21

Currencies from a Central European’s Perspective (1917-2017)

Who is a Central European? It’s someone who’s got a German name, Hungarian heritage, was born in Czechoslovakia (dissolved in 1993), lives in Bratislava (Slovakia), but loves to spend time in Vienna (Austria). It’s a person who appreciates the constant flux of political and economic events happening in this part of the world.

Mar 23 08:09

A Very Nice, Evil Man — Gary North on David Rockefeller.

So, I will not miss David Rockefeller. I suppose I should speak well of the dead, but I'm going to make an exception in this case. I don't want to lie. I am also not going to stay silent. He wasted his time. He wasted his money. He wasted his life. He was my favorite modern example of Mark 8:36. "For what shall it profit a man, if he shall gain the whole world, and lose his own soul?"

Mar 23 07:54

Crude Oil: Ready to Slide Revisit

The market sentiment we described in January anticipated the recent 10 percent move in crude oil -- as did the Elliott Wave pattern.

Mar 23 06:35

The Worst Retail Cataclysm Ever: Sears Warns It Is On The Verge Of Collapse As Payless Prepares To File For Bankruptcy

More than 3,500 retail stores are going to close all across America over the next few months as the worst retail downturn in U.S. history gets even deeper. Earlier this week, Sears shocked the world when it announced that there is “substantial doubt” that the company will be able to “continue as a going concern” much longer.

Mar 23 01:10

Is this the Sound of the Bottom Falling Out of the Auto Industry?

Not quite, not yet, but it’s not good either.

Mar 22 20:26

This New Bubble Is Even Bigger Than The Subprime Fiasco

The total value of student loans in America today is LARGER than the total value of subprime loans at the peak of the financial bubble. And just like the subprime mortgages, many student loans are in default.

Mar 22 20:22

Petrol consumption hits record LOW as rising prices push households to 'breaking point'

Official figures show motorists’ milage in January fell to its lowest on record and 12.7 per cent below the same period five years ago.

HM Revenue and Customs figures show that, in January UK drivers got through 1.351 billion litres of petrol or one per cent down on the previous January.

Over the whole of last year petrol consumption was down 12.5 per cent compared to five years previously.

The dip in demand follows petrol pump prices rising above 120p a litre for the first time since December 2014.

Mar 22 20:15

State Pension age proposal: Millions could now have to wait until they are 68 to claim

MILLIONS of middle-aged workers will have to wait an extra year for their State Pension under new proposals being considered by ministers.

The state pension age could increase to 68 by 2039 – seven years earlier than planned, according to former CBI director general John Cridland, the Government’s independent reviewer of state pension age.

And the triple lock guarantee which sees the State Pension rise by at least 2.5 per cent should be scrapped during the next Parliament.

If the recommendations are taken up, people now in their 40s face their state pension age being pushed back a year meaning more than five million people – around 750,000 people a year for seven years – would be forced to wait longer for the state pension.

Mar 22 16:27

US Dollar; Could be in trouble at this level!

The US Dollar has been a stellar performer the past few years, as it has been stronger than most currencies around the world.

Mar 22 16:00

The Market Chaos Has Begun & Will Continue As We Push Towards the Economic Crisis

The market begins the chaos cycle that will stretch into the spring and summer. San Fran Fed says job market is not as strong as reported.

Mar 22 14:30

$20 Trillion Debt Deserves As Much Attention As Dow Hitting 20,000

The media and Wall Street got all excited when the Dow Jones industrial average hit 20,000 earlier this year — and justifiably so.

But why not give the same sort of attention to the US federal debt, which will slip past $20 trillion later this year or in early 2018.

The symmetry of these two numbers is just too precious to ignore.

Mar 22 14:30

The Global Elite Secret Plans For The Next Financial Crisis – You Must Plan For The Next Financial Crisis BEFORE It Happens

I stated in this article that an “imminent disaster.US stock markets”, and that “people seem to have forgotten one central and critical point. Most people seem to believe that they have to lose a great deal of money when crises materialize and forget that it is absolutely possible to prosper during crises as well.

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA