ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Feb 25 01:38

Warning Sign: The Last Time This Happened In Stock Markets An Epic Crash Followed

The records in and of themselves aren’t necessarily an indicator of a coming crash, but they should certainly be raising warnings signs, especially considering that many experts, including traditional bulls and bears, are noting that markets have gone up too high, too fast.

Feb 24 16:56

Stop Listening To Conventional Wisdom Regarding Moments in Gold History As Investors Flock To Supercharged Gold Bet That's Returned 180%

Conventional wisdom says rates hikes are bad for gold. Let’s take a look.

Feb 24 16:32

The Return of Stagflation

Feb 24 16:02

Hundreds of “Riot Gear-Clad Officers Move In With MRAPs” Against Dakota Pipeline Protests

Heavily militarized police and National Guard forces moved in to raid camps at Standing Rock on Thursday morning, with hundreds of riot gear-clad officers marching in formation to clear camps of water protectors, journalists, and anyone firmly entrenched to oppose the Dakota Access Pipeline.

Ominously poised on Highway 1806, officers waited in formation with dozens of heavily armored vehicles for over an hour before eventually descending into the remnants of the largest Standing Rock camp, Oceti Sakowin, in recent days renamed Oceti Oyate.

Prayerful song eerily served as a backdrop for what constituted a military raid of land unceded to the U.S. government in treaties from 1851 and 1868.

Webmaster's Commentary: 

When did that phrase "to protect and serve", which used to be the motto of many police departments, morph into "To protect the corporations, and NOT serve ordinary American citizens"?!?

I am deeply concerned that we are "half past Orwell", on this issue.

And what happens if, due to intense value engineering, coupled with the rush to get the Dakota Access Pipeline completed, causes the pipeline to fail, and the local water resources do wind up getting fouled?!?

Feb 24 15:37

Rickards: The biggest financial story in the world today

The biggest financial story in the world today is not Fed policy or emerging-market debt. The biggest story is the global dollar shortage.

Feb 24 14:32

MORTGAGE DELINQUENCIES REACH ALMOST 12%

Feb 24 14:29

Here’s where the next financial crisis may start

Lured by low interest rates, low gas prices, and a crop of seductive vehicles that are faster, smarter, and more efficient than ever before, American drivers are increasingly riding in style. Don’t be fooled by the curb appeal, though — those swanky machines are heavily leveraged.

Feb 24 14:04

BRACE FOR STOCK MARKET CRASH

Feb 24 13:26

INSIDER WARNS MALLS WILL BECOME GHOST TOWNS…

Feb 24 13:24

Wall Street Sodbusters

I love the names: Bobcat Farm, Golden Eagle Ranch, Long Prairie, Ten Mile Farm. They conjure up Americana, the old homestead, and our rich rural culture.

Less bucolic, however, is the fact that all those farms are part of a massive Wall Street investment scheme called Farmland Partners Inc. It’s run by a couple of slicks trained in mergers and acquisitions as executives at the investment powerhouse Merrill Lynch.

Feb 24 13:06

The Movement Towards An Unpleasant Milestone Set In 2008

We are moving toward an unpleasant milestone set in 2008 – a record amount of household debt. The New York Fed expects household debt to reach its previous 2008 peak sometime this year.

Feb 24 13:05

George Soros Places $500 Million Bet On ‘Fall Of US Economy’

Billionaire globalist George Soros has hedged a $500 million dollar bet on the U.S. economy failing and corporations becoming bankrupt.

Feb 24 11:45

EUROPE SAYS IT WANTS TO CONFISCATE MONEY, PRECIOUS METALS, CRYPTO CURRENCY AND PREPAID CARDS TO FIGHT TERRORISM

The proposal wants to monitor and tighten the control over electronic crypto and electronic currencies such as Bitcoin, Litecoin, Dogecoin, along with debit and credit cards in the EU, and is applicable to all those who travel.

The European Commission wants to tighten its control over paper money, metals such as gold and silver, and other precious elements that are transferred into the European Union. Their reasoning is to monitor the funding, as it will lessen the funding for belligerent attacks in the European Union.

The Commissions’ decision was based on the Marketplace attack that took place last Christmas in Germany, where people were killed as a truck full of explosives drove into the crowded place.

Webmaster's Commentary: 

Folks, this is NOT about terrorism; because the fastest way to stop terrorism is for the West to stop mucking about in other peoples' countries, and expropriating their resources, to which the West has utterly no moral right.

This is about complete serfdom, and financial control, of all the citizens of countries which have the horrid luck of being members of the EU right now.

It's just that simple.

And the cold, hard reality, is that the "bad guys" already have their finances, and computer communications so well-encrypted, that law enforcement and anti-terror officials, are most generally deaf, dumb, and blind to what they hold, and where those assets are.

Feb 24 11:02

CHICAGO JUST HAD ITS DEADLIEST DAY OF 2017, ALREADY OUTPACING LAST YEAR

On Wednesday, seven people were shot dead in Chicago, marking the deadliest single day of the new year. At this rate, homicides in the city are set to outpace last year’s numbers.

Eight people were shot dead on Christmas Day last year. Wednesday’s total missed that by one death. According to The Chicago Tribune, five of the seven murders happened in just a two-hour time span and included “a woman who was eight months pregnant and had already picked out a name for her baby.”

More from the report:

Homicides had been lagging behind last year, which had been the deadliest in two decades. But by Wednesday evening, the city had recorded its 99th homicide two days earlier than it did last year, according to Tribune data.

Like last year, the Harrison police district on the West Side has seen the most homicides: 16 this year compared to 12 this time last year, according to Tribune data.

Webmaster's Commentary: 

Most of these shootings are, very likely, gang-related, in a desperately poor city, and where corporations are leaving on a daily basis; and Rahm "The Godfather" Emanuel appears to be utterly impotent (or unwilling) to stop this.

I have to wonder why.

And in my research on this article, I came across an astonishing "j'accuse" from a Breitbart article from 2013:

Harold “Noonie” Ward, a former high-ranking member of the Gangster Disciples, one of America’s largest street gangs, claims the deadly violence that is plaguing Rahm Emanuel’s “world class city” of Chicago is because Mexican drug cartels are being allowed by “the powers that be” to operate freely and “run” Chicago’s streets. In an interview with Breitbart News outside of his childhood home, a now-condemned apartment in Altgeld Gardens, one of Chicago’s most well known housing projects, Ward explained that there are a number of issues leading to the bloodshed in the city. The greatest reason, Ward says, is drugs and how they are being brought into the city. “Where the drugs are coming from is Mexican cartels,” Ward said. “From Mexico to Chicago, they make $3.5 billion dollars a year. And the majority of violence in Chicago, comes from the Mexican cartels.” Ward doesn’t just blame the cartels. “They can only do what the city and the state allow them to do, this is by design,” he claimed. “They know what they’re doing, the powers that be know what they are doing… Do you mean to tell me, can’t nobody stop that? Do you know how much drugs that is? Three billion dollars?” “You can’t come in the United States and do nothing without them [the government] knowing,” he charged. Bloomberg recently reported Chicago is the main transportation hub for the Sinaloa Cartel, Mexico’s most notorious drug cartel headed up by Juan “El Chapo” Guzman, which has a near-monopoly on the market. The drugs continue to pour in. In a 2006 conversation monitored by Mexican police, Guzman said he wanted to make America’s third-largest city his “home port.” He’s done that, says Art Bilek, a retired detective who’s executive vice president of the Chicago Crime Commission, a public-safety group that in February named Guzman the city’s public enemy No. 1. Chicago had cartel drugs in the past but not cartel leaders, Bilek says. “Now, Guzman has top people in here to make sure things run smoothly,” he says.

This, unfortunately, is the only thing which makes any possible sense, in terms of the out of control violence in Chicago; and why it most probably will not end under Mayor Emanuel's watch.

Feb 24 10:10

Recon Buys Majority Stake in Millennium Films for US$100 Million

Shenzhen-based and listed Recon Holding has taken a 51 percent stake in Millennium Films, producer of The Expendables series, for US$100 million, the two companies announced Thursday in a statement.

The announcement ends rumors that a deal for that amount was being negotiated, although initial speculation indicated that price was more likely for a complete buy-out of Los Angeles-based Millennium.

The price tag seems a bargain for a company that claims box office grosses since 2011 of $1.2 billion, with films including The Expendables, Olympus Has Fallen, London Has Fallen, along with Rambo in its catalog. Millennium has The Hitman’s Bodyguard with Ryan Reynolds and Samuel L, Jackson coming up, along with Escobar, starring Javier Bardem and Penelope Cruz, and Hunter Killer, with Olympus and London star Gerard Butler, and Gary Oldman.

Feb 24 09:45

MORTGAGE DELINQUENCIES BEGIN AN UPWARD MARCH

Feb 24 09:34

TRUMP TO FIX U.S. BUDGET & DEBT CRISIS - Will Focus On Spending Cuts & No More Wasted Money

Warming up for a prime-time address to Congress next week, President Trump and his aides said Wednesday they will roll out a proposed budget, a revamped health care plan and a new tax reform package over the next two months.

Feb 24 09:24

Meryl Streep refused to wear €100k Chanel dress because she wanted them to PAY HER

What more could the world’s greatest living actress want for Hollywood’s biggest night

Feb 24 09:18

'This is why they're in such a mess' Fury as EU set to splurge YOUR cash on eurocrat perks

BRUSSELS is preparing to unleash an extraordinary splurge on eurocrats’ pay and perks despite rising euroscepticism and the enormous black hole facing its budget after Brexit.

EU officials want to splash the cash on complimentary electric cars, expanded creche facilities for staff and a even shiny new 400-seat restaurant where pen-pushers can dine in luxury.

They are proposing a whopping increase in the EU parliament budget which would take it to just shy of £1.7 billion at a time when many member states are still slashing costs under punitive austerity measures.

Feb 24 08:58

Google Tax Avoidance

Webmaster's Commentary: 

I guess when you play ball with the elites, you can get away with such things!

Feb 24 07:31

WTO Without US? Trump Trade Agenda Clashes With New Global Rules

Lower imports tariffs, as proposed by the WTO, do not fall in line with Donald Trump’s idea of the US role in foreign trade, which might eventually result in America leaving the WTO and reshaping the entire landscape of international exchange in goods and services.

Feb 24 07:29

J.C. Penney reports comp sales drop, to shut 130-140 stores

Department store operator J.C. Penney Co Inc (JCP.N) said on Friday it would close 130-140 stores over the next few months, and reported a bigger-than-expected drop in same-store sales for the holiday quarter.

Shares of the company were down 2.6 percent in premarket trading on Friday, after initially rising 3 percent.

Feb 24 03:09

Russia Vs NATO: GDP Graphic

To me it illustrates just how silly the whole "Russians are coming!" fearmongering really is.

Feb 23 16:43

So It Begins, Corporate Media Sets Up Narrative That The Economy Is Worsening

Philadelphia passed a soda tax and sales have plummeted and the companies will be laying off employees.

Feb 23 15:43

Is There A Risk Of Sell Off In Crude Oil?

Crude-oil, a commodity making billions of dollars became a losing game in 2014.

Feb 23 14:03

Delinquency Rates Reaches Highest Since 2009. Should You Be Worried?

Rising household debt is not the only concern for US homeowners. A rising rate of delinquencies is making the credit situation even worse.

Feb 23 12:54

Shadow CIA Group Warns the End of the Eurozone May Be Near; Including a Collapse of the Currency

Stratfor, referred to by Barron's as "The Shadow CIA," is out with a video clip providing insight into its concerns that the end may be near for the Eurozone and that the euro may collapse.

Feb 23 11:13

Is EU Getting Worried About High Debt?

Debt is not just an American or Chinese problem.

Feb 23 11:03

Rise of populism could jeopardise Europe's economic recovery, says Moody's

Money managers' survey conducted by global ratings agency deems populism as the biggest threat to economic progress in Europe.

Webmaster's Commentary: 

"The debt-slaves are breaking free! The debt-slaves are breaking free! The debt-slaves are breaking free!!!" -- Money Junkies

Feb 23 09:01

This Rally in Stocks is Doomed: Goldman

Hoped-for tax reform & infrastructure spending will disappoint.

Feb 23 07:57

Is the US Restaurant Recession Becoming Structural?

“Flat sales” are now a “welcome change.” The New Normal.

Feb 23 07:03

ALL EYES ON FRANCE? BEHIND THE SCENES…

For some time I've been urging that the current political-cultural climate should be viewed "whole", and that we're witnessing an historical arc of unprecedented uniqueness. We are, I've been urging, in one of those periodic paradigm shifts that seems to happen about once every five hundred years, the last one being the Reformation, Counter-Reformation, the Thirty Years' War, and the Peace of Westphalia, which basically cemented our modern laissez faire attitude to religion and the secular state. But this current change, I've been urging, is unlike any other in prior human history, and hence has no real precedents. It's being driven by unprecedented technological change and development which in turn is rendering more and more human labor productivity moot, and that in turn impacts the financial system and model under which we currently operate moot.

Feb 23 06:45

Special Solari Report – American Suicide: Proposals for Constitutional Amendments & Convention w/ Edwin Vieira, Jr.

America’s sovereign finances have been operated outside the law for some time. Since fiscal 1998, the federal government has refused to publish audited financial statements and has reported over $11 trillion in undocumentable adjustments. Solari Report subscribers have heard for years about black budgets, hidden systems of finance, trillions in money going missing from the US government accounts, all constituting a “financial coup d’etat. Clearly, there have been significant violations of provisions in the US Constitution and law related to management of resources and assets.

You would expect that we would hear a growing chorus of both conservatives and progressives insisting that Congress comply with the law with respect to the management of our finances. Where is our money? Which mechanisms should we use to get it back? However, that has not happened. Instead, we see a push for Constitutional amendments and conventions.

Feb 22 17:04

California DemRATS Planning Speed Cameras, Photo Radar, Higher Gas Tax, Registration Fees, Zero Emission Cars

Here are five very important legislative updates from the editor of the great site HighwayRobbery.net: On Feb. 7, 2017 a bill was filed to start the use of photo radar (speed cameras) in California. There's been six previous attempts, just in the last ten years, but the new 2017 attempt is much better organized and planned. The proposed law, AB 342 (Chiu, San Francisco) was written by the cities of San Francisco and San Jose and as filed restricts the cameras to just those two cities. But it is likely that later in 2017 other large and small cities could ask to be added as two of the co-authors of the bill represent a number of medium size cities near San Jose and there are Vision Zero programs in Los Angeles and San Diego.

Feb 22 15:37

Booming British Economy Continues To Defy Brexit Doom-Mongers

Britain’s economy grew by more than previously reported in the last quarter of 2016, according to official figures – despite Brexit scaremongering.

The UK’s GDP grew by 0.7 percent in Q4 of last year – up from the 0.6 percent originally estimated by the Office for National Statistics (ONS).

Feb 22 15:14

IRS Doesn't Tell 1 Million Taxpayers That Illegal Immigrants Stole Their Social Security Numbers!

officials never bothered to tell the taxpayers themselves

Feb 22 15:11

This is Why World Trade is the Weakest Since 2009: World Bank

Despite what you may think, it’s not due to protectionism.

Feb 22 14:14

Here Are Multiple Signs That Indicate That The US Is In A Recession

Shaeuble says the problem with Greece is not the debt its their reforms. Australia is going to try zero percent down for homes, we all know how that turned out. Macy's, Walmart and Toy R Us show declining sales.

Feb 22 11:48

Arizona Sheriff Releasing 400 “Criminal Illegal Immigrants” Every 10 Days

An average of 400 “criminal illegal immigrants” are being released every 10 days by the newly elected sheriff in Arizona’s most populous county, federal law enforcement sources tell Judicial Watch, many of them violent offenders. It’s part of Maricopa County Sheriff Paul Penzone’s new policy to protect illegal aliens, even those who have committed serious state crimes, from deportation. Under a longtime partnership between the county and the feds, the Phoenix field office of Immigration and Customs Enforcement (ICE) was notified when “aliens unlawfully present with additional Arizona charges” were released from the Maricopa County Jail, which is one of the nation’s largest with a population of about 8,000. That ended when Penzone, who refers to illegal immigrants as “guests,” took office this year and, though he formally announced the change last week, it was put into practice much earlier.

8 U.S. Code § 1324 - Bringing in and harboring certain aliens(a) Criminal penalties

Feb 22 10:53

16 CEOs Urge Congress To Pass ‘Big & Bold’ Tax Reform, Including Border Tax

Top executives from 16 major companies joined together in a letter to lawmakers on Capitol Hill, strongly recommending tax reforms and a controversial border tax to stimulate growth for US companies and taxpayers.

Feb 22 09:48

Soda companies, supermarkets report 30-50 pct. sales drop from soda tax

Two months into the city’s sweetened-beverage tax, supermarkets and distributors are reporting a 30 percent to 50 percent drop in beverage sales and are planning for layoffs.

Webmaster's Commentary: 

Another government action that wasn't thought all the way through.

Feb 22 09:45

France Is Forcing Its Employees to Power Down: Will It Work?

The year was 1998. I had just graduated from college and was working as an entry-level account coordinator in a large PR agency in New York City. I worked hard, but my days ended at 6PM when I left the office. Within the next year, though, Ethernet access at home had become a reality. Suddenly, I was expected to be on call for my boss for any and all client needs. I was irate. I felt I did not make enough money for this. I had experienced the freedom of a solidly eight-hour workday, and I wanted that freedom back.

It would never happen. Over the next several years, diffuse working hours would become so pervasive that France – as a country – felt the need to strike back. In this post, we’ll talk about France’s brand new law limiting required employee communication outside of designated work hours.

Feb 22 09:29

Dallas Police and Fire Pension Backs Cutbacks to Avoid Collapse

The Dallas Police and Fire Pension is getting behind a Texas lawmaker’s plan to save the retirement system from financial collapse.

The fund’s board voted 9-0 on Monday to back a proposal by Dan Flynn, chair of the pensions committee in the state’s House of Representatives, that would raise the retirement age to 58 from 55, eliminate cost-of-living adjustments and lower a multiplier used to determine the size of officers’ and firefighters’ benefit checks, according to a summary on the pension’s website.

Webmaster's Commentary: 

So, Wall Street's mortgage-backed security fraud defunds the pensions, and ordinary workers are punished for it.

Feb 22 09:08

An Economy Of Meaning – Or Bust

It’s not often that a scientist gets to use the words love, creativity, and wisdom in a paper, especially when writing about economics. Perhaps that’s because economics, the dismal science, is obsessed with dismal systems – make that abysmal systems, relative to need.

Feb 22 09:07

US Treasury Calls On IMF To Monitor Currencies, Provide 'Candid' Analysis

US Treasury Secretary Steven Mnuchin has urged the International Monetary Fund (IMF) to provide “frank and candid analysis” of exchange rate policies in member countries.

A Treasury spokesman said the plea was made in a phone call with IMF Managing Director Christine Lagarde on Tuesday.

Feb 22 09:05

Trump’s New Budget Director Supports Bitcoin

Guess who President Trump just appointed as Director of the powerful Office of Management and Budget? – Bitcoin advocate Mike Mulvaney.

Feb 22 08:49

TRUMP'S AMERICA IS OVER! JANET YELLEN IS ABOUT TO DO SOMETHING SICK TO KILL TRUMP'S DREAMS

The Market is making parabolic moves and is up a straight 11% since Donald Trump won. With a Fed meeting imminent indicators point to a sick plot by the banksters and Janet Yellen to kill Trump's plans to “Make America Great Again.” Bob Kudla joins Gary Franchi to breakdown what is coming..

Feb 22 07:26

‘EU is particularly good at doing a terrible job’ – Yanis Varoufakis

Former Greek Finance Minister Yanis Varoufakis has described the measures taken by the EU to settle the economic crisis in Greece as a “terrible job.” The comment comes as Greece agrees to new reforms that are set to help the country qualify for cheaper loans.

“Isn’t it yet another piece of evidence that the European Union is particularly good at doing a terrible job, but handling what should be a very manageable crisis,” Varoufakis told CNN on Tuesday.

Webmaster's Commentary: 

Feb 22 07:23

The Brexit Effect: HSBC Profits Fall 82%, More Sector Losses to Follow

HSBC's net profits fell 82 percent in 2016, damaged by falling profit margins, non-existent interest rates and ever-increasing regulation - and a financial analyst has told Sputnik other UK banks' annual results could be similarly dire, on much the same basis.

Webmaster's Commentary: 

I would not rule out covert economic war by Brussels against Great Britain in an effort to derail BREXIT!

Feb 22 07:18

If You Admit That You Are A Trump Supporter, It May Cost You Your Job

Many liberals that are still extremely bitter about the outcome of the election are taking out their frustrations on Trump supporters all over the country.
While there is no Federal law prohibiting your boss from firing you because of your political views, many states, including New York, California, Colorado, North Dakota and the District of Columbia, do make it illegal to discriminate on the basis of an employees’ political activity or beliefs in or out of work. Anyone who is fired for expressing themselves (especially that teacher who got in trouble over a Facebook post) should check their state laws and if possible, file a lawsuit.

Feb 22 06:27

SHOWDOWN ON HILL: 31 Years Since Last Tax Overhaul…

President Donald Trump has promised the most comprehensive overhaul of the tax system since 1986. That was when a Republican president joined forces with a Democratic House of Representatives and a Republican Senate to lower personal income-tax rates and simplify a messy and outdated tax system.

Feb 22 04:24

Virtually Everyone Agrees That Current Stock Market Valuations Are Not Sustainable And That A Great Crash Is Coming

Current stock market valuations are not sustainable. If there is one thing that I want you to remember from this article, it is that cold, hard fact.

Feb 21 23:45

Bombshell: Major Ad Agency Suspends Infowars Over Support For Trump

Major advertising agency AdRoll has suspended its syndication of Infowars product ads across millions of websites and platforms due to our support for Donald Trump.

A letter sent to Infowars explaining the decision cites the “political content” of our website as the reason for the suspension.

The letter also implies that the suspension is related to the “fake news” witch hunt that has been spearheaded by the mainstream media, citing “potentially sensitive information” that is not accurate.

The company has violated its agreement with Infowars and this represents a direct, politically motivated attack on our funding with a potential revenue loss of around $3 million dollars a year.

Feb 21 18:46

Airbnb Bans Violate Basic Property Rights

In this video, Vin Armani discusses who is behind the recent Airbnb bans in several cities and states. Forcing heavy regulations, including high minimum wage laws, onto hotels has made them too expensive for the average person. Airbnb has created opportunities for both entrepreneurs and middle-class vacationers, but the cities are siding with the hotel lobby to violate fundamental property rights.

Feb 21 14:40

Why Toronto (and Other Cities) Inflate Housing Bubbles to the Bitter End

To delay falling into a fiscal and financial sinkhole.

Feb 21 14:19

The Economic Recovery Illusion Is About To Be Exposed Via The Corporate Media

hhgregg looking to start closing stores. Demand for gasoline is declining which indicates that we are in a recession.

Feb 21 14:19

John Tamny "Who Needs the Fed?: Why We Should Abolish America’s Central Bank"

John Tamny talked about his book, Who Needs the Fed?: What Taylor Swift, Uber, and Robots Tell Us About Money, Credit, and Why We Should Abolish America’s Central Bank.

Feb 21 13:54

New Virginia Law Is A First Step To Help Support Sound Money

By Michael Maharrey

A Virginia bill that would remove sales taxes from some purchases of gold and silver was signed into law by the Governor yesterday. It represents an important first step toward encouraging its regular use as currency and breaking the Federal Reserve’s monopoly on money.

A bipartisan coalition of delegates sponsored House Bill 1668 (HB1668). The legislation exempts gold, silver, or platinum bullion or legal tender coins whose sales price exceeds $1,000 from from state sales tax. Each piece of gold, silver, or platinum or legal tender coin need not exceed $1,000, provided that the sales price of one entire transaction of such pieces exceeds $1,000. ”...

Feb 21 12:48

Sovereign Debt Crisis – Cycle Due 2017

Feb 21 11:40

RUSSIA MAY IMPOSE A TAX ON CASH TRANSACTIONS

Feb 21 10:40

$350m! shaved! off! sale! price! as! Verizon! swallows! Yahoo!

Yahoo! will be gobbled by Verizon for $4.48bn, $350m cheaper than the initial deal, apparently due to the damage done to the company's value by widely reported successful cyber-attacks.

Feb 21 10:37

Government finances record £9.4bn surplus in January

Government finances recorded a £9.4bn in surplus in January, £0.3bn higher than the same month last year.

Boosted by self-assessment tax receipts, January is typically a strong month for government finances.

For the financial year-to-date, borrowing stands at £49.3bn, the lowest since the comparable period of 2008.

Economists say strong tax receipts mean the government could undershoot the forecast deficit of £68bn for the current financial year.

Feb 21 10:26

Is 50% of Western Central Bank Gold Gone?

Central Banks don’t just lease their gold to the market. They most probably also sell gold covertly. Total Central Bank holdings are 33,000 tons. Of that Western Central Banks hold around 23,000 tons of gold including the IMF holding. No one knows how much of that gold actually remains in the West.

Feb 21 09:58

Housing affordability shows that most Americans are too broke to buy a home: The American Dream moves further out of reach.

More Americans are finding it harder to afford a home. In fact, a closely followed housing affordability index is now back to where it was in 2008. Not exactly a prime time for buying homes. Most Americans are too broke to afford a home. Which is somewhat contrary to the narrative that is pumped out via pro housing propaganda. Buying a home is always a good deal! Real estate never falls! Only fools rent! So goes the story about buying real estate. Yet given current prices, many families find the dream of owning a home more of a far flung aspiration than a reasonable financial reality. We can see this trend unfolding with the vast number of new renter households over the last decade. Younger Americans are saddled with mountains of student debt and many are making lower wages. Taking on a large mortgage simply isn’t appealing or feasible when an albatross of debt is already being carried.

Webmaster's Commentary: 

Feb 21 09:50

Elite Panic As Trump Saves World Economy

A slew of economic data came out this week. Almost all of it was positive. Americans are still going to stores and spending big (retail sales came in better than expected for January).

Feb 21 09:08

Russian automaker kickstarts sales in Germany

Major Russian car producer AvtoVAZ has started selling the new Lada Vesta model in Germany, the company announced on Tuesday.

"At the moment more than 200 Lada Vesta cars have been shipped to Germany. The starting price for a sedan with a manual transmission will be about €12,500 and will reach €13,300 for automatic,” AvtoVAZ said on its website.

Feb 21 08:36

55,710 U.S. Bridges Are 'Structurally Deficient,' Fed Govt Bridge Study Reveals

An analysis of the U.S. Department of Transportation's (U.S. DOT) recently-released 2016 National Bridge Inventory data finds cars, trucks and school buses cross the nation's 55,710 structurally compromised bridges 185 million times daily. Iowa has the most structurally deficient bridges in the nation, 4,968, (20.5%) followed by Pennsylvania, Oklahoma, Missouri, Nebraska, Illinois, Kansas, Mississippi, Ohio and New York, comprising the "top ten" states with the most dangerous bridges. Perhaps not coincidentally, District of Columbia had the least number of structurally deficient bridges, with only 9 out of 245 total needing repair.

Feb 21 08:29

Say What? Denmark Paying Social Benefits to Nationals Fighting in Daesh Ranks

The Danish authorities reportedly continue making social payments to the country's citizens who have gone to fight in the ranks of the Daesh (outlawed in Russia) terrorist group in Syria.

Feb 21 08:02

Spain Sets Massive Precedent — Charges Its Central Bankers In Court

First, Iceland, and now Spain has taken on the Big Bankers responsible for financial calamity, as the country’s highest national court charged the former head of Spain’s central bank, a market regulator, and five other banking officials over a failed bank leading to the loss of millions of euros for smaller investors.

This, of course, markedly departs from the mammoth taxpayer giveaway — commonly referred to as the bailout — approved by the U.S. government ostensibly to “save” the Big Banks and, albeit unstated, allow the enormous institutions to continue bilking customers without the slightest fear of penalty.

Feb 21 07:57

Russia Gold Buying Is Back – Buys One Million Ounces In January

Russia gold buying returned in January with the Russian central bank buying a very large 1 million ounces or 37 metric tonnes of gold bullion.

Feb 21 07:55

Biggest Gasoline Glut In 27 Years Could Crash Oil Markets

Oil prices are stuck in a holding pattern, waiting for more definitive data on what comes next. OPEC compliance is helping keep prices afloat, but rising U.S. oil production is acting as a counterweight.

Feb 21 07:48

How Many Euro Crises Will This Make? It’s Getting Hard To Keep Track

Every few years, it seems, one or another mismanaged eurozone country falls into one or another kind of crisis. This leads to speculation about the end of the common currency, which in turn spooks the global financial markets. Then the ECB conjures another trillion euros out of thin air, buys up and/or guarantees all the offending country’s bonds, and calm returns for a while.

Feb 21 07:16

The Billionaire-Owned, Corporate Media is as Worthless as Ever

Rather than focus its journalistic energy on chronicling the economic insecurity plaguing so many of our fellow Americans, the billionaire-owned corporate media appears entirely obsessed with chattering endlessly about Russia conspiracy theories

Feb 21 06:57

Our Huge Hidden Tax: Government Regulations

The fact is that cutting regulations is as critical as tax relief in turning the US economy around. The two are the holy grail to repatriate a large part of the $2.5 trillion in offshore corporate capital, stimulate domestic investment, and create jobs — all central to “making America great again.” And it’s economic growth and broadening the tax base that can — in the longer run — finance rebuilding US infrastructure and the military without adding to deficits and national debt.

Feb 21 06:42

Obamacare in “death spiral” as entire system unravels

If you like your doctor you can keep your doctor. If you like your plan then you’ll be able to keep your plan. Average premiums will go down by $2,500. These were just some of the lies that Barack Obama and the democrats used to introduce the Affordable Care Act to the American people and then ram it down their throats. Everyone knows that the federal government can’t run healthcare, and yet the democrats pushed it through anyway without a single republican vote. Since its inception in 2010, Obamacare has had devastating effects on not only the lives of the people but also on our economy, with many speculating that the worst is still to come.

Feb 21 05:36

Bust: U.S. household debt nearing 2008 levels

Thanks in large part to massive student loan and credit card debt, American households are dealing with an economic reality similar to the financial squeeze in 2008.

Feb 21 05:33

In a battle between Trump and the Federal Reserve, who really wins?

To summarize, the U.S. economy and the dollar are slated for a controlled demolition. The Fed will do everything in its power to prod Trump and conservatives into war with the central bank, because the Fed is now ready to sacrifice itself and the dollar’s world reserve status in order to clear a path for a new global system and ideology. The Federal Reserve is a suicide bomber.

Feb 21 03:09

S&P 500 Earnings Stuck at 2011 Levels, Stocks up 87% Since

Grounded in some sort of new reality? LOL

Feb 20 22:36

Medical Cannabis — A Vastly Underutilized Therapeutic Option?

By Dr. Mercola

Cannabis is a vastly underutilized therapeutic option that has been wrongly vilified by U.S. regulatory agencies. In this interview, Dr. Margaret Gedde, a Stanford-trained pathologist and award-winning researcher, discusses the therapeutic value of this plant.

While initially focused on the conventional medical model, Gedde eventually transitioned over to holistic, drug-free health care in 2004. At present, she runs an alternative medical practice in Colorado, the home of medical marijuana, as it was one of the first states to widely legalize and apply it.

Gedde specializes in the use of cannabis, especially for the use of pain, thereby allowing her patients to get off dangerous drugs like opiates, which have created a public health emergency of massive proportions.

Feb 20 18:40

SWEDEN ACCEPTED 162K REFUGEES IN 2015. GUESS HOW MANY HAVE JOBS?

this is based on 2015, when 494 out of 162,000 refugees held jobs.
They’re going to be jobless and a chronic strain on the welfare systems of Europe and all other nations who allow hem entry AND they’re going to be resentful of the societies that welcomed them when they realize that they’re only ever going to be working for pennies on the dollar. They will become a permanent underclass, always dependent on the government, and with no motivation to ever accept Western values.

When it comes to the migrant crisis in Europe, the two most important questions that need to be asked is, will these refugees ever return to their homelands, and if not, will they ever be able to function in European societies? So far, the answer to the latter of those two questions is a hard no.

Feb 20 15:37

50% Of Western Central Bank Gold

We have recently had some significant news about the sovereign gold market that makes the unclarity even more unclear. Central banks and the BIS in Basel go to great length to tell the world absolutely nothing about their gold dealings.

Feb 20 15:37

Five Ways To End CEO Pay Subsidies

The more corporations pay their executives, the less they pay in federal taxes, thanks to a tax code loophole that lets corporations deduct unlimited amounts of executive compensation from their taxable income — as long as they label the pay “performance-based.”

Feb 20 15:36

Morbid Inequality: Now Just SIX Men Have As Much Wealth As Half The World's Population

Yes, inequality is getting worse every year. In early 2016 Oxfam reported that just 62 individuals had the same wealth as the bottom half of humanity. About a year later Oxfam reported that just 8 men had the same wealth as the world’s bottom half. Based on the same methodology and data sources used by Oxfam, that number is now down to 6.

Feb 20 15:31

Yes, gold IS money

Feb 20 15:30

Your Children and Grandchildren are Likely to be Very Hungry in the Future: and It’s All Down to Immigration

A stark look at the reality your children and grandchildren face is rarely discusses.

Feb 20 15:28

THE ECONOMIC EVIL OF EUGENICS

Feb 20 14:55

Luxury Home Listings “Overpriced by a Third?”

Why a real estate insider thinks era of “aspirational pricing” is over.

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