ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Jan 22 09:56

Aramco IPO Proceeds To Fund Saudi Defense Projects

Saudi Arabia will use part of the money raised through Aramco’s initial public offering to strengthen its defense capabilities, Saudi Finance Minister Mohammed al-Jadaan told Reuters in an interview at the World Economic Forum in Davos.

Jan 22 08:59

Harvesting the Blood of America’s Poor: The Latest Stage of Capitalism

For much of the world, donating blood is purely an act of solidarity; a civic duty that the healthy perform to aid others in need. The idea of being paid for such an action would be considered bizarre. But in the United States, it is big business. Indeed, in today’s wretched economy, where around 130 million Americans admit an inability to pay for basic needs like food, housing or healthcare, buying and selling blood is of the few booming industries America has left.

Jan 22 08:56

All the World’s Wealth in One Visual

Jan 22 08:14

Hundreds arrested for deliberately starting catastrophic Australian bushfires

Directed energy weapons? I think not!

CANBERRA, Jan. 7 (Xinhua) -- Hundreds of Australians have been arrested for allegedly deliberately lighting Australian bushfires in only a matter of months.

Australia is currently enduring one of the worst bushfire crises in the nation's history, with at least 25 people having been killed since September.

The Australian reported on Tuesday that 183 people have been arrested for lighting bushfires in New South Wales (NSW), Queensland, Victoria, South Australia and Tasmania.

Jan 22 08:09

Never the Pentagon How The Military-Industrial Complex Gets Away With Murder in Contract After Contract

By Mandy Smithberger

Call it a colossal victory for a Pentagon that hasn't won a war in this century, but not for the rest of us. Congress only recently passed and the president approved one of the largest Pentagon budgets ever. It will surpass spending at the peaks of both the Korean and Vietnam wars.

Jan 22 08:06

The Shipping Industry’s $1 Trillion Problem

Jan 21 15:31

Has the US already lost the battle for the South China Sea?

America has been caught napping by Beijing’s military build-up, maritime militia and island-building campaign, experts say
Island outposts have already given China the ‘foundation of control’ and the PLA fleet could dwarf America’s by 2030

Jan 21 15:23

The Truth About President Warren Harding -- America's "Worst President"

In 1920, post-World-War-I America has grown tired of Woodrow Wilson's Globalism, high taxes, and creeping socialism. Pledging a “return to normalcy,” Senator Harding is elected President. An opponent of entry into the League of Nations, Harding's victory over liberal Democrat James Cox (D-OH) and his running mate Franklin D Roosevelt, is the largest Presidential Election landslide in America's history (60% - 34%)!

Jan 21 11:14

Is This The End For Big Oil Dividends?

Jan 21 09:35

Cracks Are Adding Up...

Jan 20 17:37

Mapping Filthy Rich Families Around the World

Jan 20 13:36

The End of U.S. Military Dominance: Unintended Consequences Forge a Multipolar World Order

Starting from the presidency of George W. Bush to that of Trump, the U.S. has made some missteps that not only reduce its influence in strategic regions of the world but also its ability to project power and thus impose its will on those unwilling to genuflect appropriately.

Some examples from the recent past will suffice to show how a series of strategic errors have only accelerated the U.S.’s hegemonic decline.

Jan 20 13:24

Prince Harry has a new job as a Prince Harry look-alike in Canada.

His new boss told us, “There’s a lot of attention on Prince Harry at the moment. With that attention then demand for a Prince Harry look-alike increases. We’d had several applications but nobody that looked right. Then Prince Harry turned up and he was perfect. He can do the voice and everything. We’re sure he’ll be a success.”

Jan 20 10:25

Family sues TSA after 79-year-old man's $82,000 life savings were SEIZED at an airport - but he wasn't charged with a crime

A Pennsylvania man who kept his entire life savings in a Tupperware container is suing the federal government after the money - $82,373 in cash - was seized at an airport after DEA agents deemed it 'suspicious'.

Terrence Rolin, 79, and his daughter Rebecca Brown are the lead plaintiffs in a federal class action lawsuit filed Wednesday by the Institute for Justice which accuses the Drug Enforcement Administration and Transportation Security Administration of 'treating American citizens like criminals' by seizing large amounts of cash from airline passengers without evidence of an underlying crime.

Brown was visiting her father in Pittsburgh in August when he asked her to put his cash in a joint checking account.

Jan 20 09:59

What Could Possibly Go Wrong?

Jan 20 09:09

Pension Crisis: Union Pension Collapse

Jan 20 08:04

$6.4 Trillion And Counting - How The Military-Industrial Complex Hijacked The War On Terror

Congress just passed a near trillion dollar military budget at a time when the United States faces no evident state threats at home or abroad. Ike was right.

Illustrating Ike’s prescient warning, Brown University’s respected Watson Institute just released a major study which found that the so-called ‘wars on terror’ in Iraq, Afghanistan, Syria and Pakistan have cost US taxpayers $6.4 trillion since they began in 2001.

The extensive study found that over 800,000 people have died as a result of these military operations, a third of them civilians. An additional 21 million civilians have been displaced by US military operations. According to the Pentagon, these US wars have so far cost each American taxpayer $7,623 – and that’s a very conservative estimate.

Jan 20 08:02

Stock Bubbles And Dutch Tulip Bulbs

Jan 20 05:43

The BIS, The G20…And Bail-Ins

Jan 19 23:34

Doug Casey: Tensions With Iran Can’t End Well

As you know, the US killed Iran’s top general, Qassem Soleimani, on the orders of President Trump earlier this month. And now, many people are wondering what’s next.

I wanted to get our founder Doug Casey’s thoughts on this major news. As usual, Doug didn’t hold anything back.

As you may know, I’ve always had mixed feelings about Trump. I’m pro-Trump insofar as he’s a cultural traditionalist. He’s anti-politically correct, and that’s why he has the support of Middle America. And he’s reduced regulation in a number of areas, which is great. But Trump has absolutely no philosophical core. He flies entirely by the seat of his pants.

Jan 19 23:30

Does Gangster-nomics Meet its End in the Iraqi Desert?

January 19, 2020 Author: Tom Luongo

In the aftermath of the killing of Iranian IRGC General Qassem Soleimani a lot of questions hung in the air. The big one was, in my mind, “Why now?”

Jan 19 09:00

SHIFTING UNDERCURRENTS IN THE US STOCK MARKET

Jan 19 08:55

President Trump DID threaten Britain, France and Germany with 25% tariff on car exports if they did not wage diplomatic war with Iran over broken nuclear deal, German defense minister claims

By Jack Elsom For Mailonline

Donald Trump tried to strong-arm Britain and its European allies into waging diplomatic war with Iran by threatening to impose 25 per cent tariffs on their lucrative car exports, the German defense minister revealed yesterday.

The US President was piling pressure on Boris Johnson, Angela Merkel and Emmanuel Macron to formally accuse Tehran of violating the 2015 nuclear deal.

At a press conference in London yesterday, Germany's Annegret Kramp-Karrenbauer confirmed reports of such economic threats and said: 'This expression or threat, as you will, does exist.'

A 25 per cent tax on cars would particularly hurt Germany, which exports around £23billion worth of vehicles across the Atlantic each year.

Jan 19 07:35

Uncle Sam Just Used Its Financial Nuclear Weapon Again

Authored by Simon Black via SovereignMan.com,

In August of 1945, the United States became the only country to drop nuclear bombs on an enemy.

Hiroshima and Nagasaki were largely destroyed in the blink of an eye. And the Japanese had no choice but to surrender to the Allies, finally ending World War II.

Ever since, world superpowers have been rapidly advancing weapons technology, constantly raising the bar for destructive power.

It won’t surprise you to find out that the most powerful and destructive weapon in the world, though, by far, is claimed by the United States.

The US is still the world’s dominant superpower, still the largest economy in the world. And the US dollar is still the world’s dominant reserve currency.

This means that the VAST MAJORITY of international trade and cross-border financial transactions take place in US dollars.

Jan 19 07:27

How The US Wages War To Prop Up The Dollar

Authored by Ryan McMaken via The Mises Institute,

At Counterpunch, Michael Hudson has penned an important article that outlines the important connections between US foreign policy, oil, and the US dollar.

In short, US foreign policy is geared very much toward controlling oil resources as part of a larger strategy to prop up the US dollar. Hudson writes:

The assassination was intended to escalate America’s presence in Iraq to keep control of the region’s oil reserves, and to back Saudi Arabia’s Wahabi troops (Isis, Al Quaeda in Iraq, Al Nusra and other divisions of what are actually America’s foreign legion) to support U.S. control of Near Eastern oil as a buttress of the U.S. dollar. That remains the key to understanding this policy, and why it is in the process of escalating, not dying down.

The actual context for the neocon’s action was the balance of payments, and the role of oil and energy as a long-term lever of American diplomacy.

Jan 19 07:18

944 Trillion Reasons Why The Fed Is Quietly Bailing Out Hedge Funds

On Friday, Minneapolis Fed president Neel Kashkari, who just two months earlier made a stunning proposal when he said that it was time for the Fed to pick up where the USSR left off and start redistributing wealth (at least Kashkari chose the proper entity: since the Fed has launched central planning across US capital markets, it would also be proper in the banana republic that the US has become, that the same Fed also decides who gets how much and the entire democracy/free enterprise/free market farce be skipped altogether) issued a challenge to "QE conspiracists" which apparently now also includes his FOMC colleague (and former Goldman Sachs co-worker), Robert Kaplan, in which he said "QE conspiracists can say this is all about balance sheet growth. Someone explain how swapping one short term risk free instrument (reserves) for another short term risk free instrument (t-bills) leads to equity repricing. I don’t see it."

Jan 19 06:58

Israeli agritech profits from military occupation

Technology developed in the context of the occupation is used by Israel’s seemingly benign precision agriculture industry. This civilian application allows Israeli military companies to promote “a sanitized version of their repressive technologies” as tools to combat climate change and world hunger.

Israeli agritech companies “develop and market smart irrigation systems, crop protection solutions and specialty fertilizers to farmers across the world, raking in billions of dollars in annual sales, while enjoying a positive ‘green’ image,” Who Profits states.

This industry contributes to agriculture in West Bank and Golan settlements, as well as the de-development of the Palestinian economy.

The Jordan Valley, the main agricultural region in the West Bank, is under full Israeli military control.

Jan 18 10:38

Safest Gold Vault In The World

Jan 18 10:11

New Mexico May Legalize Marijuana – Here’s What You Need To Know About The Proposal

LAS CRUCES — Democratic Gov. Michelle Lujan Grisham plans to make a push to legalize marijuana for recreational sale and use this upcoming legislative session. The Las Cruces City Council got a look at a policy plan and was able to ask questions at a Monday work session.

The plan was put together by a work group appointed by Lujan Grisham and released in October. Albuquerque City Councilor Pat Davis, the group’s chair, gave the presentation to the council Jan. 13. A bill to fully legalize marijuana was introduced in the state Senate Jan. 16.

Here’s how the plan would work and how it would affect Las Cruces.

Jan 18 06:15

Is the US fiscal stimulus working?

Jan 17 12:17

Florida Republicans Back Proposal to Restrict Private Gun Sales, Impose Three-Day Waiting Periods

While Virginians work to block sweeping gun-control measures authored by Democratic lawmakers, Republicans down the coast in Florida are proposing some of those same anti-gun policies.

A Republican-controlled Senate committee voted unanimously on Monday to pass an omnibus bill that would restrict gun sales, ban private sellers at gun shows, impose safe storage requirements, and mandate a three-day waiting period to obtain firearms.

Jan 17 11:23

Iranian Tech Users Are Getting Knocked Off the Web by Ambiguous Sanctions

By Jillian C. York

Between targeted killings, retaliatory air strikes, and the shooting of a civilian passenger plane, the last few weeks have been marked by tragedy as tensions rise between the U.S. and Iranian governments. In the wake of these events, Iranians within the country and in the broader diaspora have suffered further from actions by both administrations—including violence and lethal force against protesters and internet shutdowns in Iran, as well as detention, surveillance and device seizure at the U.S. border and exacerbating economic conditions from U.S. sanctions. And to make matters worse, American tech companies are acting on sanctions through an overbroad lens, making it much harder for Iranian people to be able to share their stories with each other and with the broader world...

Jan 17 11:14

China’s booming new Silk Road trade hits $1.34 TRILLION

China’s trade with countries participating in its ambitious Belt and Road Initiative (BRI) has been expanding and totaled 9.27 trillion yuan ($1.34 trillion) in 2019, customs data shows.

It has outpaced the country’s aggregate trade growth by 7.4 percentage points, according to the data.

More than $60 billion in investments have been promised under the China-Pakistan Economic Corridor (CPEC), said Zou Zhiwu, vice minister of the General Administration of Customs.

Jan 17 09:21

Colorado Finally Files Bill to Protect Weed-Smoking Employees

A new statewide bill introduced in Colorado will prevent employers from terminating workers who consume cannabis while off-the-clock.

Jan 17 07:31

Are US Banks Facing A Credit Trap?

Jan 17 06:35

Just How Serious Is The Shale Slowdown?

Jan 17 06:15

Looks somewhat like the 2000 buildup

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