ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Oct 02 05:47

Dow, S&P record worst day in more than 5 weeks after dour US manufacturing report

The Dow fell nearly 350 points Tuesday, as stocks finished sharply lower after a key economic report showed that American factory activity fell for a second month in a row in September.

The ISM manufacturing index dropped to 47.8 in September, compared with the Refinitiv consensus forecast of 50.1. A level above 50 marks growth. That was the lowest reading since June 2009, the last month of the recession, according to the Institute of Supply Management, which puts out the report.

The manufacturing sector shrank for the first time in three years in August, according to the ISM index, which measures month-over-month activity, as the effects of the trade war and slowing global demand set in.

Oct 02 05:43

MAGA Op-ed Blames Progressives for Elite Plan to Cull the Herd

The latest episode of the highly polarizing and wholly manufactured Left vs. Right war of words and deeds—with a few Antifa and Proud Boys aggravated assaults thrown in—concerns our dystopian near-future.

Over at MAGA Central, otherwise known as Breitbart, the senior technology correspondent, Allum Bokhari, writes:

Oct 02 04:45

Portland Trail Blazers sever ties with company that supplies IDF with rifle scopes after campaign by activists

Portland Trail Blazers president and CEO Chris McGowan has announced that the National Basketball Association (NBA) team will no longer partner with a rifle scope manufacturer that has a contract with Israeli military. The move comes after a year-long campaign by local activists to pressure the Blazers to drop the sponsor.

Sean Highkin
?
@highkin
Blazers president and CEO Chris McGowan on the team's controversial partnership with scope manufacturer Leupold and Stevens: "Leupold is no longer a part of the organization."

Oct 01 22:05

Another Narrative Collapse — Eating Meat is not Ritualistic Suicide

Just stay away from the red meat!
Because the demonization of red meat cuts to the heart of the political con job that is modern cultural Marxism and its supposed moral high ground.

You can see this in the response to the landmark study just completed that concluded there is no perceivable risk from eating red meat as opposed to anything else. It immediately provoked apoplexy akin to doctors prescribing hemlock to treat eczema.

Veganism and ethical vegetarianism are inextricably bound up with the push towards modern forms of social control. They are religions based on the mistaken, inherently Marxist, belief that humanity is a virus that needs to be contained.

Vegetarians claim a moral high ground they can’t support as an extension of an ideology built on the guilt of being alive, of denying their basic humanity as predators.

Oct 01 13:57

WeWork's Financials and Underlying Story

Oct 01 10:34

NEARLY HALF OF AMERICA’S HOMELESS PEOPLE LIVE IN CALIFORNIA

Not only do nearly half of America’s homeless people live in California, but four of the five American cities with the greatest incidences of unsheltered homelessness are in the Golden State. As California becomes a mecca for socialism, their quality of life diminishes along with it in a characteristic dystopian decline.

Oct 01 10:31

America's factories just suffered their worst month in a decade

In the surest sign yet that the trade war is hurting the American economy, manufacturing activity contracted for the second month in a row in September, falling to a level not seen in 10 years.

The Institute of Supply Management's closely-watched manufacturing index dropped to 47.8 in September, its lowest level since June 2009 and worse than what economists had expected.
The index measures month-to-month changes in the industry. A reading above 50 denotes growth in the sector.

Oct 01 08:22

Eight More Countries Decide to Join INSTEX Mechanism for Trade with Iran – Mogherini Aide

The INSTEX trade mechanism was set up by France, Germany and the UK in January to continue trade with Iran, bypassing US sanctions. It became operational and available to all EU member states in June.

Eight more countries have decided to join the Instex mechanism for trade with Iran, in addition to the states that have been part of the mechanism, said Nathalie Tocci, an aide to EU High Representative Federica Mogherini.

"Apart from the three countries that initiated the creation of the mechanism - France, Germany and Great Britain - eight more EU member states have decided to join. Two more countries are expected to follow in their footsteps", Tocci said on the sidelines of the XVI annual Valdai club meeting.

Oct 01 08:20

US Blacklist Backfires as Huawei Starts Building 5G Base Stations Without American-Made Parts

The Chinese tech giant has made strides to replace American-made hardware, software and technology in its 5G internet and smartphone divisions after being placed on a US Commerce Department blacklist earlier this year.

Huawei has begun manufacturing 5G base stations – the towers facilitating wireless communication between mobile devices and internet networks, without the use of parts made in the USA, company founder and CEO Ren Zhengfei has announced.

“We carried out the testing in August and September, and from October on we will start scale production,” Ren said, speaking at a forum late last week.

Oct 01 08:18

San Francisco is pulling out all the stops to fight homelessness – except actually making housing affordable?

San Francisco is one of the wealthiest cities in the US, but its high housing prices and strict zoning have contributed to a homelessness crisis. The city has declared war on its rough sleepers – because housing them is too easy.?
The latest offensive in the city’s “war on homelessness” is sidewalk boulders – giant rocks placed along the sidewalk to deter homeless encampments. San Franciscans in the Mission Dolores neighborhood raised $2,000 to line their sidewalk with 24 large boulders to stop the homeless from setting up camp, using and selling drugs, and otherwise lowering the quality of life.?

Oct 01 07:44

Quantum Supremacy Doesn’t Mean Blockchain Is Doomed

By Sean Stein Smith

According to a recent report, Google has recently achieved quantum supremacy by creating a quantum computer that is able to solve previously impossible mathematical problems and calculations.

Why does that matter?

It matters because, if taken to its logical conclusion, the rollout of quantum computing at a sustainable commercial scale could destroy two other fast-growing areas of the technology economy; blockchain and cryptoassets. However, the reality is far more nuanced...

Oct 01 07:11

Top 10 Reasons Why Greta Thunberg Is a Fraud

A professional actress with an imdb page.
https://m.imdb.com/name/nm10361418/

And backed by George Soros to boot!
https://www.europereloaded.com/george-soros-is-backing-climate-activis...

Here are some of the top reasons why Greta Thunberg is a pawn and a fraud, manufactured by PR firms and used by an army of globalist climate change alarmists that seek to gain more financial and political control. They are creating an apocalyptic cult obsesses with the end of the world.

Oct 01 07:03

CIA, Climate And Conspiracy: More Notes From The Edge Of The Narrative Matrix

This writer has it about half right

Take off the revolutionary’s mask, and it’s the CIA.
Take off the terrorist’s mask, and it’s the CIA.
Take off the news man’s mask, and it’s the CIA.
Take off the filmmaker’s mask, and it’s the CIA.
Take off the professor’s mask, and it’s the CIA.
Take off the billionaire’s mask, and it’s the CIA.
Take off the whistleblower’s mask, and it’s the motherfucking CIA.
These monsters are raping our sensemaking faculties.

Oct 01 04:53

Somali Militants Raid American Military Base Near Mogadishu

A US special forces military base that's also used to launch drone strikes on Al Qaeda and ISIS factions active in North Africa was attacked by a band of Somali insurgents on Monday, who also carried out an attack on a European military convoy, the AFP and Reuters report.

he American base, reportedly located in the town of Baledogle, was hit with an explosive, followed by small arms fire. The base is located about 60 miles west of Mogadishu, the Somali capital. It was unclear whether anybody was seriously injured during the attack.

The militant group Al Shabaab took credit for the string of attacks, and issued a statement about the raid on the American base.

Webmaster's Commentary: 

Why is it that all of a sudden, forces with which the US military used to be able to "wipe the floor", have become so stunningly clever, that attacks like this have become commonplace for our troops in Africa?!?

Oct 01 01:31

Saudi leaders sent messages to Iran's president: Spokesman

The spokesman for Iranian President Hassan Rouhani's administration has confirmed that Saudi leaders have been sending messages to Iran's president through a head of state, though refraining to give any details on the nature of those messages.

Ali Rabiei made the remarks during his weekly press briefing in Tehran on Monday, when he was asked about reports denoting that the Saudi leadership has been sending messages to Iran's chief executive.

“Yes, this is true that they have sent messages to Mr. Rouhani through a head of state,” Rabiei noted, adding, “We must see signs of it [Saudi’s goodwill] without any ambiguity, and the first sign of it is to stop the aggression against Yemen and put an end to the massacre of Yemenis.”

in his interview with 60 Minutes, Saudi Crown Prince Mohammed bin Salman tried to do some damage control on the assassination of Jamal Khashoggi, and the ongoing war in Yemen. The focus ultimately was brought back to the Saudis’ favorite topic, Iran.

Webmaster's Commentary: 

The above bit comes from the Iranian blog, Presstv.com, making it appear that the Houth military triumphs in Saudi Arabia, are giving that country a reason to begin to attempt to open some kind of dialogue their Iranian counterparts in Tehran, something which would hardly been imaginable, as a possible step, even a month ago.

Unfortunately, the piece in antiwar.com, would have the world think the opposite, and is titled: Saudi Prince Warns of Escalation With Iran, Higher Oil Prices<

The problem for this battered, recycled threat to become resurgent, is that Iran hasn't really done anything wrong, other that refuse to sell their oil in US dollars.

And it did, until very recently honor the P5+1 deal, until, of course, the US government reneged on it earlier this year, as a personal favor from President Trump to Israel's Prime Minister, Netanyahu, and to his most prolific US suporter, Sheldon Adelson.

The Houthi timing on this attack, was nothing less than brilliant, even if that brilliance might well be chalked up to " amazing unexpectedly good timing" on the Houthi's part, relative to what is happening in the US geopolitical-grinder: because here you have Saudi Arabia's BFF in the Middle East, the ruler of the Unhinged, Surveilled State of Amerika, chokingly caught up in the throes of yet another impeachment "wang-dangorama", this time concerning Ukraine, and American Pols on both sides of the isle, terrified that they will lose their "seat at the public trough.

I have not yet heard one note from those alleged "Congressional Representatives on this issue, as they are so completely focused on not getting impeached, or charged, that suddenly, it appears that Iran and Saudi Arabia are suddenly, and absolutely, on their own here.

Unless President Trump is thoroughly ready to create some very bold actions
to prevent this from escalating into a fell-scale war (unless that is the absolute goal of bringing Iran down,, that will be precisely what he will be getting; and with the added caveat, that Russia will not allow Iran to go down in flames, if there is something they can do to prevent it.

Mr. President, please; War with Iran, over Yemen?!?

And just one final question, sir; when will the US government be ready to declare a draft, which will be horrifically necessary, if we declare war against Iran?!? The above bit comes from the Iranian blog, Presstv.com, making it appear that the Houth military triumphs in Saudi Arabia, are giving that country a reason to begin to attempt to open some kind of dialogue their Iranian counterparts in Tehran, something which would hardly been imaginable, as a possible step, even a month ago.

Unless President Trump is thoroughly ready to create some very bold actions
to prevent this from escalating into a full-scale war, that will be precisely what he will be getting; and with the added caveat, that Russia will not allow Iran to go down in flames, if there is something they can do to prevent it.

With Biden and Trump in the political fight for their lives, I would like both of them to remember a phrase from both physics and politics; "nature abhors a vacuum"; so what happens now if the Saudis are militarily defeated by those Houthi forces, who were " held in so low in esteem" they weren't worthy of any consideration whatsoever, just a couple of months ago, but have become really formidable and capable fighters as well as diplomats?!?

Perhaps now, might be a time for intelligent, fresh thinking on this issue, that does not get the US military dragged down into another sucking, sinkhole of another protracted war.

Sep 30 18:43

ZDNet: Study Reveals IoT Vulnerability to Cyberattacks Is Increasing and Includes Gas Pumps and Smart Meters

By B.N. Frank

Internet of Things (IoT) has a 74% failure rate.  Security experts have been warning for many years that installing it could cause catastrophic results including death.

The technology is still optional for personal use like when consumers want to install it in their homes.  Unfortunately, it sounds like anyone with a car may soon be forced to use IoT-equipped gas pumps. 

Here’s more bad news from ZDNet on how IoT is putting us at even greater risk for cyberattacks...

Sep 30 16:00

Economy over the edge into the hole

Sep 30 15:43

Five US Tax Myths for Expats and Digital Nomads

Sep 30 11:56

WHY CAN’T 4 TOO BIG TO FAIL BANKS WORTH $5.45 TRILLION PAY BACK A $53 BILLION LOAN? THERE’S MORE HERE THAN MEETS THE EYE – TROUBLE BREWING ON HORIZON!

Banks Can’t Pay Their Debts – If that’s the case, and they have the government monopoly power to print and create money, how is the average man to pay his debts?

Sep 30 11:53

GM Manages To Find $22 Million To Pay CEO As It Closes 5 Plants And Lays Off 15,000 Workers

Funny how there is always exorbitant amounts of money for executives, even when a company is laying off workers.

Money and Markets reports:

“General Motors CEO Mary Barra might be the most unpopular CEO in the United States right now after GM announced it is slashing up to 15,000 jobs and closing up to five plants in North America.

Barra has been shredded from all sides for the decision, including from President Donald Trump.

‘Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland. Nothing being closed in Mexico & China. The U.S. saved General Motors, and this is the THANKS we get! We are now looking at cutting all @GMsubsidies, including… for electric cars. General Motors made a big China bet years ago when they built plants there (and in Mexico) – don’t think that bet is going to pay off. I am here to protect America’s Workers!’

Sep 30 11:44

The Fed Is Offering $100 Billion a Day in Emergency Loans to Unnamed Banks and Congress Is Not Curious Enough to Hold a Hearing

The Federal Reserve Bank of New York first initiated its emergency overnight loans to Wall Street this year on Tuesday, September 17, starting off at the rate of $75 billion daily. It then increased its loans by adding, in addition to the $75 billion daily, 14-day term loans in the amount of $30 billion to be offered three times this past week. But after the demand for the first 14-day loan was more than double the $30 billion offered, the New York Fed boosted the next term loans to $60 billion and increased its overnight loans to $100 billion

Sep 30 11:41

These three firms own corporate America

A fundamental change is underway in stock market investing, and the spin-off effects are poised to dramatically impact corporate America.

In the past, individuals and large institutions mostly invested in actively managed mutual funds, such as Fidelity, in which fund managers pick stocks with the aim of beating the market. But since the financial crisis of 2008, investors have shifted to index funds, which replicate established stock indices, such as the S&P 500.

The magnitude of the change is astounding: from 2007 to 2016, actively managed funds have recorded outflows of roughly US$1,200 billion, while index funds had inflows of over US$1,400 billion.

In the first quarter of 2017, index funds brought in more than US$200 billion – the highest quarterly value on record.

Sep 30 11:15

'Absurd Games': Russia Vows Response to New US Sanctions Over Election Meddling

Earlier on Monday, the US Treasury announced on its website that Washington imposed sanctions on two Russian nationals and three firms tied to an internet research agency over their alleged interference in the 2018 midterm elections.

Moscow will respond to the new US sanctions, which it considers unreasonable, Russia's Foreign Ministry said. It also called on Washington to stop playing absurd sanction games.

Sep 30 10:49

Keep an eye on $AMZN.

Sep 30 09:54

Saudi leader Mohammed bin Salman: War with Iran would cause 'total collapse of the global economy'

Should a military conflict break out between Saudi Arabia and Iran, it will cause global mayhem, Saudi Crown Prince Mohammed bin Salman said in an interview that aired Sunday on 60 Minutes.

In the interview, bin Salman said the price of crude oil would spike to "unimaginably high numbers" if there is a war. "The region represents about 30 percent of the world's energy supplies, about 20 percent of global trade passages, about 4 percent of the world GDP," he said. "Imagine all of these three things stop. This means a total collapse of the global economy, and not just Saudi Arabia or the Middle East countries."

Sep 30 08:33

145,000 Tons of Indian Oil at Risk after US Blacklists Chinese Shipping Companies

The US has put sanctions on several Chinese companies and their top officials for allegedly shipping Iranian oil, putting dozens of supertankers off limits to western energy traders. As a direct impact of the blacklisting of Chinese shipping company Cosco, 145,000 tonnes of Indian Oil is at risk.

Sep 30 07:43

It's Time To Go: Over Half Of All California Voters "Have Considered Leaving The State"

Great weather and good paying jobs are the two biggest positives that residents often point out, but the high cost of living and the absolutely ridiculous housing prices often eat up all of the extra money that Californians think that they are making.

In fact, it was recently reported that it now takes approximately $350,000 a year to live a middle class lifestyle in the city of San Francisco. If you have a ton of money, it can partially insulate you from the problems that are increasingly ravaging the state, but unless you never go out in public nothing is going to insulate you completely. Cities all over the state are degenerating into drug-infested, crime-ridden hellholes that are literally being overrun by millions of rats.

Webmaster's Commentary: 

Same reason we left Hawaii.

Sep 30 07:01

The Countries With The Best (And Worst) Work-Life Balance

Colombians are among those struggling most with their work-life balance, according to the Organisation for Economic Co-operation and Development (OECD).

Mexicans' lives aren't really in balance either, and as Statista's Katharina Buchholz notes, the United States and the United Kingdom also perform pretty poorly, coming in 11th and 12th out of all 35 OECD member countries (plus Russia, Brazil and South Africa) covered in the Better Life Index for 2019.

Sep 30 06:03

HEAD OF SAUDI KING’S SECURITY DETAIL SHOT DEAD IN MYSTERIOUS CIRCUMSTANCES

Details of al-Fagham’s killing remain sparse. Saudi officials began posting social-media messages of condolence about al-Fagham and his family late on Saturday evening. It wasn’t until late on Sunday evening that the kingdom’s official media began to publish official reports of al-Fagham’s demise. State-run Saudi television said that al-Fagham, whom it described as a “bodyguard of the custodian of the two holy mosques”, had been killed following a “dispute of a personal nature”. A subsequent television report stated that al-Fagham had died on Saturday evening at a house belonging to a close friend of his in Jeddah, Saudi Arabia’s second-largest city, which is located on the shores of the Red Sea.

Webmaster's Commentary: 

One has to wonder, with the nearly Byzantine shadow conflicts always bubbling to some degree, in the Saudi Bowels of Power, if this assassination was to "cross off" detractors to the Butcher of Yemen's reign (Yes, THAT GUY: Prince Mohammed bin Salman), or it it might be a warning from other elements in both the government and the royal family, that Bin Salman has strayed too far in Yemen and beyond, to cause their country to look like a Pariah failed-state, as does Israel right now in its treatment of Palestinians.

Sep 30 05:54

CIA AND CFR WORK TOGETHER TO DESTROY TRUTH

Early last year, the Swiss Propaganda Research center (SPR) published information cementing into place something many of us already know—the “mainstream” corporate media is controlled by the Council on Foreign Relations.

“It is no secret that over the last 4 decades, mainstream media has been consolidated from dozens of competing companies to only six,” writes Matt Agorist of The Free Thought Project. “Hundreds of channels, websites, news outlets, newspapers, and magazines, making up ninety percent of all media is controlled by very few people—giving Americans the illusion of choice… Top journalists and executives from all major media companies are integrated into the CFR.”

Council on Foreign Relations links to major media holdings

Full graphic here: https://t.co/lyMPz4ME2Z pic.twitter.com/mmTNdQa1F9

— Defend Assange Campaign (@DefendAssange) January 28, 2018

Webmaster's Commentary: 

Welcome, Allegedly Awakened Ones, to the painfully true reality of your ever-more miserable lives.

I say this because, if you cannot see beyond the smoke-screen, squid ink with which you are being dosed 24/7 by the "One Ring to Rule us All" twisted logic vice-grip on the narrative, courtesy of the waresspondents and presstitutes, you have, in fact, simply become one of a bunch of very useful idiots.

And for whom?!?

For those who want to continue to see you continually suppressed, depressed, or regressed, to the point where you refuse to ask those butt-ugly, logical, reasonable questions,which cannot be made to go away.

As most of you know, who read this site, as a Christian Pacifist activist, I never counsel violence, nor would I; but I think that there is a Biblical invocation which would definitely apply today, and that is "Be ye wise as serpents, but as harmless as doves." (Matthew 10).

First, it means don't hurt people; know with whom you can speak about these issues, and those you cannot. Share, one on one, what you learn here, and at other places which refuse to be cowed, as long as they are allowed to exist.

Secondly, if you are still on TwitFace, get off, immediately; all information you share is scanned, held, and then shipped to the "proper authorities", and these entities will be very quick to deplatform you, and never explaining why they have done so.

They have become an arm of government in and unto itself, which now consists of: Legislative; Executive; Judicial; "Permitted Journalism", and Surveillance (Twitface's job).

This will not be explained to you in Civics Classes (do they even have Civics classes anymore?!?), so you need to get up to speed about the mechanisms Twitface uses to "disappear" content of which the US Deep State does not approve.

Sep 30 05:36

September snow piles up in Oregon’s Cascades; Timberline Lodge gets 11 inches

At lower altitudes,frost,a month early.

Let it snow, let it snow, let it snow.

A month of intriguing September weather — including a tornado and heavy rain in the Portland area — wouldn’t have been complete without a bit of mountain magic.

Now, with the month winding down, 11 inches of snow is on the ground at the famous Timberline Lodge.

Sep 30 05:33

Doug Casey and E.B. Tucker on the Climate Change Hoax

Question: E.B., you’ve called global climate change a “hoax” before in your Strategic Investor newsletter. That’s a bold claim. After all, most people think that, one, climate change is happening, and two, that humans are causing it.
Why do you think it’s a hoax?

Sep 30 05:12

Spotlight: Israel denies 19 Palestinian communities in Jordan Valleys of using water

RAMALLAH, Sept. 28 (Xinhua) -- With sorrow and anger, Harbi Abu Al-Kbash, a resident of the west bank's Jordan Valley, could not access to water due to the closure by Israeli army forces with barbed wires and surveillance cameras, banning Palestinians from using them.

Sep 30 05:08

Trump, FDR, and War

President Trump’s campaign of “maximum pressure” against Iran reminds me of President Franklin Roosevelt’s similar campaign against Japan prior to the Japanese attack on Pearl Harbor.

Trump’s brutal economic embargo on Iran brings to mind what FDR did to Japan. The difference, however, is that Trump’s objective seems different from that of Roosevelt.

When Trump withdrew the United States from the accord that it had entered into with Iran under the Obama administration, it was with the aim of arriving at a new accord. Trump figured that by squeezing the economic life out of the Iranian citizenry with his embargo, he could induce Iran’s rulers to return to the bargaining table and enter into a new agreement, one that would be satisfactory to Trump, which he could then trumpet in his campaign for reelection.

Sep 30 04:54

Time Travel Back to Shot Heard 'Round the World

By the rude bridge that arched the flood,Their flag to April's breeze unfurled;Here once the embattled farmers stood;
And fired the shot heard 'round the world.

Lest we forget, this country was forged out of a concerted desire to free the shackles of the British Empire, so that colonies could chart their own course for individual state governments.

Stand abreast with the Lexington Massachusetts farmers as the echo of the first crack of defiance was heard throughout the globe. The significance of the “Shot Heard Round the World” is nicely summed up by Chuck Baldwin. He submits that these “two elements of American history are lost to the vast majority of historians today: 1) it was attempted gun confiscation by the British troops that ignited America’s War for Independence, and 2) it was a pastor and his flock that mostly comprised the “Minutemen” who fired the shots that started our great Revolution.”

Sep 30 04:20

Watch– Elizabeth Warren: Amnesty for All Illegal Aliens Is ‘Good’ for American Workers

Sen. Elizabeth Warren (D-MA), a top candidate for the 2020 Democrat presidential nomination, says amnesty for every illegal alien living in the United States is “good for” American workers who will be forced to compete against newly legalized low-skilled foreign workers.

Sep 30 04:13

#Greta Thunberg is decoy, Fossil Free-groups funded by billionaires who also fund Big Oil. Somebody’s manipulating Oil

The public child abuse in using Greta Thunberg to push the Fossil Free campaign to end investments in oil and gas world-wide, has far wealthier sponsors than local Swedish businessmen such as Ingmar Renzhog and Bo Thorén. The billion dollar climate-change industry is hyped up for a reason.

Soros investments in oil and gas far overshadow his investment in #FossilFree eco-environmental groups. He is not the only leftwing billionaire donating to end oil, and at the same time investing heavily in oil and gas.

One may assume that the Oil and Gas industry is currently subjected to a billionaire-funded, eco-group like “Arab Spring” where the mainstream media plays its usual role in hyping up sentiments. Somebody’s manipulating the industry to profit massively once the bubble bursts and the market needs more energy, writes historian, author and founder of Herland Report, Hanne Nabintu Herland.

Sep 29 17:17

WeWork scam exposed

Sep 29 09:36

Many Possible October Surprises

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