ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Sep 12 06:27

The Risk Of A Flash Crash Is Rising

Sep 12 05:42

How 5G Will Change Your Life

As Saxo Bank's Peter Garnry recaps yesterday's Apple event, the company introduced its iPhone 11 which now comes in three different versions with cheapest version selling for $699 which a price cut aimed to lure smartphone buyers back into Apple’s realm (at the expense of a drop in Apple's ASP). The stock market reacted positively to the news, but criticism has surfaced that Apple is falling behind as the new iPhone 11 is not coming with a 5G integration which makes almost impossible for Apple to have growth in China where local smartphone makers such as Huawei is introducing smartphone with 5G integration. Beginning in the second half of 2020 this will be a constraint for Apple.

Why does 5G matter?

To answer that question, we have excerpted from a recent Deutsche Bank report explaining "how 5G will change your life."

Sep 12 05:35

Black Americans Are Doing Great Under Trump

Sep 12 05:33

Boom Times Are Here: Hemp Farming Quadruples This Year!

A new report from Vote Hemp, a top hemp advocacy group, indicates the amount of licensed acreage of hemp farming across the US has more than quadrupled this year.

The report, 2019 US Hemp License Report, says the number of acres of hemp licensed across 34 states totaled 511,442 in 2019, a 455% jump YoY. State licenses to produce hemp were issued to 16,877 farmers and researchers, a 476% YoY jump.

Webmaster's Commentary: 

Wow, that is one amazing increase, all right!!

Sep 12 05:28

More Americans Questioning Official 9/11 Story As New Evidence Contradicts Official Narrative

Authored by Whitney Webb via MintPressNews.com,

Today the event that defined the United States’ foreign policy in the 21st century, and heralded the destruction of whole countries, turns 18. The events of September 11, 2001 remains etched into the memories of Americans and many others, as a collective tragedy that brought Americans together and brought as well a general resolve among them that those responsible be brought to justice.

While the events of that day did unite Americans in these ways for a time, the different trajectories of the official relative to the independent investigations into the September 11 attacks have often led to division in the years since 2001, with vicious attacks or outright dismissal being levied against the latter.

Webmaster's Commentary: 

We do not need new investigations; we know precisely what happened on 9/11, and who the real criminals and tyrants were, to bring about this horrific spectacle of death and destruction into being.

This event allowed the US to slide ever further into a dictatorship from which it may never recover, and was manipulated by unscrupulous US politicians and elements of overseas countries, who wanted to see this happen, as a premise for war against both Afghanistan and Iraq.

And unless and until those truly responsible for this heinous crime are charged, tried, and convicted for their crimes against both humanity, and the true democratic republic of the United States of America, there will never be closure here.

But do not hold your breath; the monied, particularly those career criminals ensconced in the higher echelons of the US Deep State and Military Industrial Complex, rarely eat their own.

Sep 12 05:14

Central Banks -- The Toxic Heart of Our Body Politic

The world financial system is incredibly sophisticated and efficient. Every day, billions of transactions take place.

In our minds, "money" is changing hands. In fact, "money" is an abstraction, a mental concept. Make-believe.

It doesn't exist. It is simply a mental estimate of the value of something expressed in digits in some currency.

Sep 12 04:59

US Surpassed Saudi Arabia, Russia To Become World's Top Oil Exporter

The US has once again surpassed Saudi Arabia and Russia to reclaim the No. 1 spot as the world's largest oil exporter, according to data from the International Energy Agency.

Record shale production helped the US ship nearly 9 million barrels of crude and other oil products a day in June, surpassing Saudi Arabia, Bloomberg reports. And as more companies build the infrastructure necessary to transport oil from fields in Texas and New Mexico to the coast, the amount of oil exported by the US is expected to climb.

The increase in US crude exports in June was helped by a surge in crude-oil shipments to more than 3 million barrels a day, according to the IEA report. Meanwhile, Saudi Arabia was cutting exports in line with the OPEC+ agreement on production cuts, while Russia's output was hampered by the Druzhba pipeline crisis.

Webmaster's Commentary: 

Because I didn't know about the aforementioned Russian oil crisis, I researched it, and this is what I found:

Russia loses billions in Druzba Oil Pipeline Contamination Crisis The article goes on to state:

'Since April 20th nearly 5 million tons of Russian crude bound for Europe has been stuck in westbound pipelines. The flow of oil is suspended due to high levels of contamination by organochloride, a chemical used to facilitate the extraction of heavy oil. The organic chloride contaminant – which wreaks havoc on refining equipment if not properly treated – allegedly originated from a privately owned refinery called Nikolayeva in Russia’s Samara Region along the Volga river.

The contaminated oil was being shipped via the Druzhba (Friendship) pipeline which boasts an impressive 1 million barrels per day capacity, or 1% of total global crude demand.'

Was this an horrific accident... or deliberate industrial sabotage?!? We may never be privy to the whole story here, but that being said, these are the kinds of "chained events" which can wreak catastrophe on a country's economy.

Sep 12 04:58

HUD Secretary: Trump 'Passionate' About Tackling Homelessness

President Donald Trump has sent a team to Los Angeles to investigate the burgeoning problem of homelessness, which California cities seem unwilling or unable to address.

Housing and Urban Development Secretary Ben Carson told Fox New Tuesday night, "The president is very passionate about doing something" to improve the situation:

"Well we've had multiple conversations about the homelessness situation, which seems to be worse in places where there is a lot of regulatory barriers, Carson told Fox's Laura Ingraham.

Sep 12 04:46

Full ECB Preview: Draghi Parting Gift - A Bazooka Or A Water Pistol?

Will outgoing ECB president Mario Draghi's "swan song" decision - the one in which he is widely expected to cut rates deeper into negative territory and resume sovereign and/or corporate QE - be a bazooka or a waster pistol? That's the question.

Markets currently fully price in a 10 bps reduction in the deposit rate to -0.5% with just over a 40% chance of a deeper cut of 20 bps.

Of the 70 economists polled by Reuters, around a quarter look for a 20bps reduction with the remainder looking for 10bps. Elsewhere, the survey noted that almost 90% of respondents expected a resumption of bond purchases as of October with a touted monthly amount of EUR 30bln”. In order to mitigate the impact of deeper negative rates on the Eurozone banking sector, around 90% of those surveyed look for some form of tiering system.

Sep 12 04:42

Beijing Considers Re-Authorizing Imports Of US Agricultural Products In Latest 'Goodwill' Gesture

Last night, we reported that President Trump had decided to delay a 5% increase in tariffs on Chinese goods by two weeks, supposedly out of respect for Beijing and its celebration of 70 years of Communist Party rule on Oct. 1. Trump's decision came less than a day after China waived 25% tariffs on 16 types of US goods to try and "sweeten" the deal ahead of trade talks next month.

Webmaster's Commentary: 

Fingers crossed here, but I will not hold my breath here, until I see some concrete movement on both sides.

Sep 11 13:50

What Vexes Small Business More than Taxes and Regulations?

By Jeffrey A. Tucker

The latest survey of small business contains a surprise. Or maybe it is not a surprise if you are or know a small business owner. Over the last six years, the concerns of taxes and regulations are being eclipsed by a new number-one concern: the lack of quality in the workforce.

Meanwhile, college enrollment is booming (50% to almost 70% in 30 years) but evidently it’s not helping to convince employers that these kids can get the job done. Indeed, the mass handing out of college degrees could have a perverse effect on work ethic: I’ve got my paper so you have to pay me just for being my awesome self!...

Sep 11 13:27

Did California Just Kill the Gig Economy?

By Brittany Hunter

California may have just passed a death sentence on the gig economy.

Late Tuesday night, as many California residents slept in their beds, the state legislature passed a bill that is expected to impact hundreds of thousands of independent contractors across the state.

For months now, the state assembly has been debating controversial legislation seeking to redefine how companies classify independent contractors. Directed at the gig economy, which is comprised of mainly contractors, Assembly Bill 5 (AB5) proposed changing the status of workers within the state from freelancers to actual employees—completely changing the model of the burgeoning sector...

Sep 11 13:05

Big Trouble for Small Farmers in British Columbia, Canada

By Natural Blaze

Curtis Stone is known as the Urban Farmer. For years he ran a successful market garden that he grew in urban yards in Kelowna British Columbia. Now he homesteads his property to feed his family and educates small farmers on profitable practices. In the video below, Curtis explains how land regulations are harming local farmers in Canada...

Sep 11 11:08

The Inevitable Bursting of Our Bubble Economy

Sep 11 09:44

PAUL CRAIG ROBERTS: 9/11 AFTER 18 YEARS

SOURCE: PAULCRAIGROBERTS.ORG
There is no one to support your website but you

9/11 After 18 Years

Paul Craig Roberts

I would appreciate hearing from readers whether they have come across a report in the print, TV, or NPR media of the highly professional four-year investigation of WTC Building 7’s demise. The international team of civil engineers concluded that the official story of Building 7’s destruction is entirely false. I reported their findings here: https://www.paulcraigroberts.org/2019/09/04/the-official-story-of-the-...

On the basis of the known evidence, knowledgeable and informed people have concluded that 9/11 was an inside job organized by Vice President Dick Cheney, his stable of neoconservatives, and Israel for the purpose of reconstructing the Middle East in Israel’s interest and enriching the US military/security complex in the process.

Webmaster's Commentary: 

I hear you, Paul; the 9/11 report was simply a piece of politically concocted codswallop, which all Americans and the world were compelled to swallow whole.

I, for one, didn't swallow; therefore, the possibility that I can ever trust the Federal government with anything.... is dim to the point of non-existent.

Sep 11 08:52

The Bolsheviks Are Coming! (Part I)

Suppose you are an American. And suppose you spent the last 60 years laying in quiet repose in a freezer chest after expertly injecting yourself with enough glycerine to keep ice crystals from disrupting your cellular membranes. Lord only knows why the heck you did that, but that’s all past tense now. Anyhow, now it’s 2019 and for some other unfathomable reason your great-grandchildren dig you out of the freezer chest, defrost you, zap you a few times with a cattle prod to get your heart pumping, walk you around for a bit while feeding you strong black coffee and here you are again, good as new and ready for action.

Sep 11 08:01

The Easiest Way to Maximize Your Dividends

Sep 11 06:05

China's Xi: "I Can't Believe What President Trump Says"

With equity futures gradually rolling over overnight, there was the obligatory dose of trade war optimism in this morning's news flow, with Trump reiterating that China wants to talk, while China was said to be hopeful the US can create conditions for trade talks; this was followed by a CCTV report according to which U.S. delegates said they hope U.S.-China trade talks can achieve progress and reach a deal as soon as possible, while China's premier Li was quoted as saying that China and US should find solutions to disputes based on consensus reached by leaders of the two nations, adding that "China treats domestic, foreign companies fairly" and "puts more focus on intellectual property protection", noting that "companies including U.S. firms are welcome to increase investment in China."

Sep 11 05:32

Real US debt levels could be 2,000% of economy

Sep 10 18:27

The Trillion-Dollar Military Still Isn’t Enough for the War Party

By Ryan McMaken

Since the end of the Cold War in 1990, US defense spending has increased 182 percent in nominal terms, and 44 percent in inflation-adjusted terms. In inflation-adjusted terms, defense spending is now about equal with the all-time peak reached in 2011, and the White House’s Office of Management and Budget estimates that defense spending will reach an all-time high in 2020...

Sep 10 08:05

Welcome to the Indo-Russia maritime Silk Road

There’s no way to follow the complex inner workings of the Eurasia integration process without considering what takes place annually at the Eastern Economic Forum in Vladivostok.

BRICS for the moment may be dead – considering the nasty cocktail of economic brutalism and social intolerance delivered by the incendiary “Captain” Bolsonaro in Brazil. Yet RIC – Russia-India-China – is alive, well and thriving.

That was more than evident after the Putin-Modi bilateral summit in Vladivostok.

Sep 10 06:13

Crashing Angel: Moody's Downgrades Ford, And Its $84 Billion In Debt, To Junk

With pundits warning for years about the threat of "fallen angels", or low-rated investment grade names downgraded to junk, the market first paid attention to, then learned to ignore the warnings as credit continued to tighten, helped in no small part by trillions in negative yielding sovereign debt - despite the ongoing threat of deteriorating fundamentals.

That however may suddenly change as the universe of (split) junk bond names is about to become bigger by almost $100 billion when moments ago Moody's downgraded Ford's senior debt rating from investment grade Baa3 to junk Ba1 (stable outlook), in the biggest shot across the fallen angel bow in years.

According to Bloomberg, no less than $84 billion in debt is affected, making Ford the single biggest fallen angel in the US bond market.

Sep 10 06:12

Analyst With $0 Price Target On Tesla Says Growth Story "Clearly Over" After August Delivery Estimates

While Elon Musk has been busy nervously trying to write off Porsche's Taycan and apparently falsely claiming that he has time booked for the Model S at the Nurburgring next week, newly released estimated delivery numbers for August have the company's skeptics smelling blood.

For instance, Ed McCabe of TLF Capital, who has a $0 price target on Tesla, according to Business Insider.

For him, the newly release estimates of Tesla's August delivery numbers, published by InsideEVs last week, show that "organic demand is extremely weak".

The blog posted estimates of 1,050 for the Model S and 1,825 for the Model X - both meaningfully lower than August 2018. For the Model 3, the automaker is estimated to have delivered 13,150 vehicles, down from the 13,450 in August 2018.

Sep 10 06:10

Russia, China Continue "Massive Substitution" Of Dollar Assets By Gold

"I think it’s clear to everyone now" exclaimed Russian President Vladimir Putin, (and French President Macron recently said so publicly), "that the leading role of the West is ending. I cannot imagine an effective international organization without [Russia], India and China."

Sep 10 04:36

DENMARK ANNOUNCES INCREASED MILITARY CONTRIBUTIONS AND NATO SUPPORT IN SYRIA AND BEYOND

SOURCE: ALETHO NEWS

BY SARAH ABED | SEPTEMBER 9, 2019
Denmark is recognized as one of the most socially and economically developed countries in the world, which enjoys a high standard of living as well as high metrics in national performance, protection of civil liberties, and the lowest perceived level of corruption in the world, has announced that it will be boosting military contributions to missions around the world, including joining the United States in its illegal and unauthorized deployment in northeastern Syria.

The sovereign and proud nation of Syria has neither invited nor does it accept any foreign invaders on its land and has repeatedly demanded that all foreign forces leave on their own before they are forced out. Syria is highly committed to liberating every inch of its land from terrorist control whether that be domestic or foreign, and protecting its territorial integrity.

Webmaster's Commentary: 

WOW!

The only thing I can think right now is, which high Danish government official got "so badly compromised" that they felt compelled to promise these actions for the US and NATO?!?

Sep 10 04:31

ADELSONS TOLD POLICE SARA NETANYAHU IS 'CRAZY' AND 'DECIDES EVERYTHING'

SOURCE: HAARETZ.COM
Multi-billionaire Sheldon Adelson, once Prime Minister Benjamin Netanyahu’s key supporter, and his wife Miriam testified to police that Sara Netanyahu was “crazy” and that “she decides everything,” including key appointments and even some political matters, in the Netanyahu household, Channel 13 reported Sunday.

“She’s completely crazy,” said Sheldon Adelson, publisher of the Israel Hayom daily. “She was compulsive about photos of herself and how she looked. She said ‘I’m the first lady, I’m a psychologist and I teach children about psychology.’ ... She would tell my wife that if Iran attacked it would be her fault … because we didn’t publish good pictures of her,” said Adelson, a leading donor to Israeli and Jewish causes as well as to the Republican Party.

Webmaster's Commentary: 

The timing of these revelations could not possibly have been worse for Prime Minister Netanyahu, who is looking at the political fight of his life, as Israel's next general elections fall on Tuesday, 17 September.

Both he and and his wife are dealing with corruption charges, and those charges, are not going away.

All animals are at their most dangerous when they are wounded; and right now, Netanyahu is a severely, geopolitically, wounded animal right now, with time running out before the election; I am deeply concerned that in order to "change the conversation" (or, more plainly, misdirect the Israeli electionate), Netanyahu may feel compelled to stage some kind of false flag strike against Lebanon; Iran; or Gaza, or all 3, over the coming weekend, and blaming the attack on them.

Damn, I hope to heck I am wrong here.

Sep 09 15:20

Seriously? Bicycle Licenses Are Coming

Sep 09 11:15

State AGs Unveil Sweeping Antitrust Probe Against Google On Steps Of The Supreme Court

By Tyler Durden

In the latest legal push that could ultimately result in the break-up of one of the world’s largest tech firms, a bipartisan group of more than 40 state attorneys general, led by Texas’s Ken Paxton, will unveil a sweeping antitrust investigation against Google parent, Alphabet Inc.

The antitrust investigation, which was previewed late last week in a leak to the Wall Street Journal, aims to hold Alphabet accountable for the extreme concentration in the US technology industry. Specifically, the AG’s case will focus on Google’s influence in search and the digital advertising market, and whether the Silicon Valley giant’s overarching influence harms rivals and consumers...

Sep 09 10:58

Welcome to the Indo-Russia Maritime Silk Road

BRICS for the moment may be dead – considering the nasty cocktail of economic brutalism and social intolerance delivered by the incendiary “Captain” Bolsonaro in Brazil. Yet RIC – Russia-India-China – is alive, well and thriving.

That was more than evident after the Putin-Modi bilateral summit in Vladivostok.

Sep 09 09:41

The chart that predicts recessions

Sep 09 09:20

China boosts gold reserves by nearly 100 tons

China’s foreign exchange reserves jumped to $3.1072 trillion despite the falling yuan and escalating trade war with the US, while raising its gold holdings by nearly 2.89 million troy ounces (99 tons) in nine months.

The bullion reserves rose to 62.45 million troy ounces (2,141 tons) as of the end of last month, according to the latest data released by the People’s Bank of China. That’s nearly five percent more since the end of last year, when the country had 59.56 million ounces (2,042 tons) and resumed the purchases.

Sep 09 08:39

What to Do About the Student-Loan Fiasco?

Sep 09 08:29

Why Entrepreneurs Are Different

By Raushan Gross

Many people think and talk about competition without a slight feeling of uneasiness. Often, it is only the entrepreneur who feels comfort about competition in the marketplace. Most people do not understand the sense of competitiveness the entrepreneur possesses. The saying goes, “If it ain’t broke, don’t fix it.” Not so for the entrepreneur.

In contrast, most people like the idea of comfort and predictability—don’t rock the boat! But there are times when change and something new are warranted — whether it’s making decisions in the marketplace, changing the allocation of resources to better suit consumer value, making better use of resources for products that are cost prohibitive, trying to make them better than what’s on the market...

Sep 09 08:22

How to Make Health Care Unaffordable and Inaccessible

By Bradley Thomas

Whether it’s Medicare for All or some other variant of a single-payer plan, the leading 2020 Democratic presidential candidates are in agreement that more government control will make health care more affordable and accessible.

The presumption behind these plans is that there is currently too much freedom in the health care industry, and only more state intervention will reign in costs and make health care more accessible to more people.

But the opposite is true...

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