ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Oct 19 03:25

The Chaos Of Baltimore Explained, How The Descent Into Hell Continues

By now, you should already know that Baltimore City is imploding on itself. The housing market has stalled, millennials are trapped in overpriced rowhomes, and widespread violent crime has taken over the region.

The deteriorating situation in Baltimore is nothing new. It started in the late 1950s when deindustrialization began, and white flight of the 1960s/70s/80s sent hundreds of thousands of Baltimoreans packing their bags for the suburbs. From the late 1950s to let's say today, the city's population has collapsed from 960,000 to around 600,000.

The city is a hollow out shell of something that was great, and also is an accurate depiction of our country at the moment.

Violent crime in the city spiked during the 1980s and surged even more during the crack epidemic of the 1990s. But a revival was in the making by the mid-2000s (violent crime dipped and a housing boom began), it was the millennials, who picked up the broken baton and wanted to revive Baltimore.

Webmaster's Commentary: 

There is a story which pairs nicely with what exists above, from August of this year, and may, potentially, carry some hope for this embattled city:

Baltimore hasn’t elected a Republican mayor since the 1960s. Meet the people trying to change that.

Oct 19 02:41

Japan To Send Its Own Military Force To Strait Of Hormuz

Ever since the new round of 'tanker wars' began in Strait of Hormuz in mid-June with a mysterious mine attack on multiple tankers, one involving a Japanese-owned ship, Tokyo has reportedly mulled sending a Japanese defense force to the area to help protect vital shipping lanes.

In a rare move, the pacifist nation appears ready to pull the trigger, as FT reports, citing chief cabinet secretary, Yoshihide Suga, who indicated that "the government was planning to deploy forces in a region where a Japanese tanker, the Kokuka Courageous, was recently attacked with a limpet mine."

Webmaster's Commentary: 

IF the Japanese government does move forward with this action, that moment in time may, most probably, just barely be in front of "excrement hitting the ventilator" at warp speed, in terms of some kind of hot altercation between the US government; Israel; and Iran.

Oct 19 02:31

Office Vacancies In China Hit Decade High Amid Economic Turmoil

A darkening outlook for China's economy continues to materialize week by week.

New data from commercial property group CBRE warns the country's office vacancy rate has just surged to the highest since the financial crisis of 2007–2008, first reported by Bloomberg.

CBRE said the vacancy rate for commercial office space in 17 major cities rose to 21.5% in 3Q19, a level not seen since the global economy was melting down in 2008.

Sam Xie, CBRE's head of research in China, said the recent "spike" in vacancies is one of the worst since the last financial crisis.

Oct 19 02:30

6 Warning Signs That Civil Unrest Is Imminent

Authored by J.G.Martinez D. via The Organic Prepper blog,

This week has been “interesting” in South America. Interesting, indeed, but as in the ancient Chinese curse style.

Here are 6 signs that civilian unrest is impending or already occurring.
The first sign, of course, is bad looks when you walk on the street.

The second sign, perhaps this is more subtle, when you see people that normally would be polite or indifferent, as a minimum, starts to look at you in sort of aggressive manner.

The third sign, of course, is people disappearing off the streets.

The fourth sign is (obviously) Law Enforcement Officials (LEOs) presence in massive amounts in the streets.

The fifth sign in modern times would be (because in the demonstrations the uniforms used it massively to identify potential groups as a target) drones flying close to some blockage or LEOs control point.

The sixth sign, and the last one, is when you start seeing people wearing a single color.

Webmaster's Commentary: 

The time you have to think about these kinds of actions happening where you are, should far before they even seem to happening, and learning to make conscious decisions about what you would be comfortable doing, and what you would not be comfortable doing.

Only keep enough money in the bank to pay the bills; think about picking up some food and how you will create potable water, if you are thinking that some civil disorder may be coming, and make sure that you have additional meds, if you and the family are going to need them.

Civil unrest can absolutely go to hell in a handbasket, and breathtakingly quickly.

Find out who in your community you feel you can work with, barter with, and protect you, your family, and theirs, if things get ugly.

Oct 18 18:13

InterBering, LLC BERING STRAIT TUNNEL & RAILROAD CONSTRUCTION INVESTMENT CORPORATION

"The Bering Strait rail and tunnel project can help enhance and expand prosperity for the 21st Century by linking the world's greatest industrial nations with the vast untapped mineral resources of the Arctic.

To the south of Alaska and Canada, stands the continental United States, with the greatest economy on Earth, and it too badly needs resources. Building a corridor, linked across the Bering Strait, will provide access to our Arctic resources of oil, gas, precious minerals of all kinds, and freshwater. This vital link will greatly enhance the prosperity of the world.

Walter J. Hickel was twice elected as Alaska's governor, serving as the state's second governor, 1966-69, and again in 1990-94; he served for nearly two years as President Richard Nixon's first Secretary of the Interior (1969-70).
A Superhighway Across the Bering Strait
Russia is considering a plan to build a superhighway from Eurasia to North America.

Oct 18 17:38

J.D. Power Survey: “Consumers Terrified of Self-Driving Cars; Tesla and Rideshare Screwed”

By B.N. Frank

The J.D. Power survey about consumer fears was released in August. Since then, an Uber whistleblower revealed AVs are NOT safer than human drivers and that manufacturers are hiding the truth about this. And a AAA study determined that Semi-Autonomous Vehicles can’t see pedestrians and hit child-sized “Dummies” 89% of the time and adult-sized “dummies” 60% of the time DURING DAYLIGHT HOURS AND DRIVING AT LOW SPEEDS...

Oct 18 15:33

Drilling Giant Posts $11 Billion Loss

The fracking shale oil boom has about run it's course.

The world’s largest oilfield services provider, Schlumberger (NYSE:SLB), reported on Friday a net loss of US$11.38 billion for the third quarter, compared to a US$644-million profit for Q3 2018, after a hefty pretax charge of US$12.7 billion weighed on the most recently reported results.

“This quarter’s results reflected a macro environment of slowing production growth rate in North America land as operators maintained capital discipline, reducing drilling and frac activity,” Le Peuch said.

As early as the second quarter of this year, Schlumberger warned investors of the weakness on the North American oil services market, as land investment drops because of the cash flow constraints of E&P operators. Competitor Halliburton also admitted then that the North American onshore drilling market has become “challenging.”

Oct 18 11:47

Who Needs Missiles, Anyway? Bird Takes Down US Navy 'Doomsday' Aircraft

Despite the considerable expenses incurred by this incident, no one aboard the plane was injured, and the aircraft itself has since returned to service.

A E-6B Mercury belonging to the US Navy and assigned to Air Test and Evaluation Squadron 20 at Maryland-based Naval Air Station Patuxent River ended up sustaining at least $2 million in damages and was left temporarily grounded after being hit by a bird.

According to Navy Times, the plane, which serves as an airborne command and control post, and which connects US nuclear forces to the president and the secretary of defence, sustained damage after a yet unknown species of avian got sucked into one of its four engines when the aircraft was performing a touch and go landing on 2 October.

Webmaster's Commentary: 

The following headline gives one just a little more perspective on the issue:
The US Navy Doomsday-plane, suffers millions of dollars, thanks to bird strike

The $141 million 'doomsday' plane was landing at the Patuxent River Naval Air Station in Maryland when a bird was sucked into one of its four engines
No one was injured in the incident on October 2, but the damage amounted to at least $2million."

So let me get my head around this, please; the Americans pay $141 million per fighter jet plane, which is engineered to fend of Armageddon, but cannot handle a bird strike?!?

And of course, the company manufacturing this is.....Boeing.

So please, Dennis A. Muilenburg, Boeing CEO, please explain how your staff of engineers can put up something that can withstand a nuclear strike, but not a bird strike?!?

The tax-paying citizens of this country are very keen to know, sir.

Oct 18 11:43

Russia Ready To Seize Control Of The World's Largest Oil Reserves

The Venezuelan government is readying to hand over control over state oil company PDVSA to Russia’s Rosneft, a local newspaper has reported, citing sources from the industry.

Russian TASS reports, quoting El Nacional, that the radical move is being discussed as a way of erasing Caracas’ debt to Moscow. The debt is sizeable: at the end of June this year, money owed to Rosneft alone stood at $1.1 billion. That’s down from $1.8 billion at end-March.

Two years ago, Caracas and Moscow sealed a deal for the restructuring of another $3.15 billion debt to Russia over 10 years with minimum payments over the first six years. Since 2006, Russian loans to Venezuela have reached more than $17 billion in total.

Webmaster's Commentary: 

Once this handover has been established, I would almost be willing to bet on one thing; that there will be no use of American funds with which to buy Venezuelan oil, period, end of discussion, anymore.

Oct 18 11:36

3 Polls Show Majority Of Americans Now Support Impeachment As Constitutional Crisis Looms

Authored by Michael Snyder via The Economic Collapse blog,

The mainstream media is relentlessly trying to convince the American people that President Trump did something wrong, and to a certain degree it appears to be working.

As you will see below, 3 major polls have found that a majority of Americans now support impeachment. But according to the U.S. Constitution, President Trump cannot be impeached unless he is convicted of a crime.

Article II, Section 4 of the U.S. Constitution sets a very high standard for impeachment:

“The President, Vice President and all Civil Officers of the United States, shall be removed from Office on Impeachment for, and Conviction of, Treason, Bribery, or other high Crimes and Misdemeanors.”

Webmaster's Commentary: 

This guy has absolutely nailed the issue here, so the question must be put to these Constitution-assassinating morons, as to what specifically President Trump has done for which he qualifies for Congressional impeachment.

The short answer, of course, absolutely nothing.

Oct 18 11:30

Tom Arnold Aims JFK Assassination Tweet At Trump

Authored by Paul Joseph Watson via Summit News.

'Actor' Tom Arnold raised the prospect of another JFK-style assassination after Trump arrived in Dallas, Texas for an event at the American Airlines Center last night.

After Trump tweeted a video of the huge crowd that awaited him with the words, “Just arrived at the American Airlines Center in Dallas, Texas. Will be out shortly as we wait for more of you to get in! #TRUMP2020,” Arnold responded with a veiled threat.

“Don’t get too cocky traitor. They showed up for JFK too,” he tweeted.

The meaning of the tweet wasn’t hard to deduce given what happened to JFK in Dallas 56 years ago.

Twitter later removed the tweet saying it violated their rules, but Arnold’s account is still active.

Other Twitter users also flagged the tweet to the Secret Service, with one commenting, “This imbecile is threatening the President of the United States.”

Webmaster's Commentary: 

Tom (probably out of work for him too long to realize the magnitude of the threat he just made against the President Trump) Arnold needs for someone who actually cares about him, to get him some professional help, and pronto!!

Although I have massively, (peacefully) and vocally disagreed with much of what President Trump has done, what Arnold is doing with this very public threat, is make the possibility of this actually happening increase, most probably by some well-programmed (and most likely drugged, or just getting off the drugs), Manchurian candidate who will, of course, be identified as the "lone-nut assassin", but who is anything but.

Oct 18 11:13

Trump Claims European Nations Will Take Back ISIS Prisoners

Following reports that several high-value ISIS prisoners and their families had escaped Kurdish detention facilities during the chaos that has dominated northeastern Syria over the past week, President Trump tweeted Friday afternoon that he had convinced several of his European partners to accept responsibility for ISIS members in the custody of Syria's Kurds.

Webmaster's Commentary: 

Sorry, but I cannot for a moment believe this, until President Trump has named names of European leadership who have committed to this, and it is then confirmed by their individual press offices.

Oct 18 10:06

Waste in America: Statistics and facts on food & water

According to America's Second Harvest, over 41 billion pounds of food have been wasted this year (www.secondharvest.org).

According to a 2004 study from the University of Arizona (UA) in Tucson (http://www.foodnavigator-usa.com/news/ng.asp?id=56376), on average, American households waste 14 percent of their food purchases.

Fifteen percent of that includes products still within their expiration date but never opened. Timothy Jones, an anthropologist at the UA Bureau of Applied Research in Anthropology who led the study, estimates an average family of four currently tosses out $590 per year, just in meat, fruits, vegetables and grain products. Nationwide, Jones says, household food waste alone adds up to $43 billion, making it a serious economic problem.

Oct 18 09:15

Global Crisis Looms as IMF Report Cites Its Own Policy as Dangerous

By Graham Smith

In a new report by the International Monetary Fund (IMF) entitled “Global Financial Stability Report: Lower for Longer,” the group gives an overview of the current debt-ridden and precarious state of affairs in global economics. Not lost on some economists, however, is the irony that these modern realities are the direct result of policies historically supported by the IMF itself...

Oct 18 08:17

Stocks Bubble Up From More Money Printing

Oct 18 07:50

The Cult of Feminism & Its Fabrication of History

The majority of women pre-feminism were in loving relationships where they were taken care of by men who worked very hard. These men were vetted rigorously by the young woman’s mother and father to ensure he was of noble character and worldly means. Their fathers were not spousally raping their mothers on a whim and nor were they selling off their daughters to the nearest salacious man for a goat and three oxen. Women were not the sex objects they have become today: the sluts of marketing, the prostitutes of job promotion and the eager cum buckets of wealthy male harems. Instead they were respectable people: mothers, wives and supportive members of their local community.

Oct 18 07:30

REPO vs QE ... (no difference)

Oct 18 06:54

United States imposes record $7.5 billion in tariffs on European goods

With the blessing from the World Trade Organization (WTO), the Trump administration imposed punitive tariffs on EU goods on Friday in retaliation for the European plane maker Airbus receiving illegal subsidies.

The US measures include duties of 10 percent on Airbus planes and 25 percent on agricultural products like French wine, Italian cheese and Scotch whisky.

French Economy Minister Bruno Le Maire criticized the move hours before the tariffs were due to come into effect. "We, Europeans, will take similar sanctions in a few months, maybe even harsher ones — within the framework of the WTO — to retaliate to these US sanctions," he said.

Oct 17 18:07

Property Rights Are What Separate Humans from the Animal Kingdom

By Gary M. Galles

As someone who has studied public policy for decades, I have frequently been struck by how many people are so committed to their favorite ism or “answer” on an issue that they will ignore powerful contradictory analysis and evidence that is only a couple easy keystrokes away, or even when it is right in front of them.

A good example of this willful ignorance is the frequency with which opponents of capitalism reiterate dog-eat-dog, “survival of the fittest,” and jungle as descriptors when they open their cornucopia of calumny...

Oct 17 15:51

Stocks Are Preparing For a Blow Off Top

Oct 17 10:57

EFF on Why Fiber-to-the-Home is “Vastly Superior” to Cable and 5G, and How Greed Is Dictating That Americans Don’t Get It

By B.N. Frank

Although Fiber Optics with a wired internet connection has been touted by some as being completely safe, there are Americans still experiencing adverse health effects after it has been installed in their homes and neighborhoods. A wired internet connection using a copper landline still seems to be the biologically safest option; however, this isn’t available everywhere anymore.

Fiber-to-the-Home WITHOUT small cells attached is definitely a safer option to fiber with small cells attached. However, this option is more expensive for telecoms to provide so they don’t want to do it. Unfortunately, the embarrassingly corrupt FCC along with many American elected officials are still catering to the Telecoms despite increasing 5G lawsuits, opposition and warnings.

Thanks to EFF for acknowledging that it doesn’t have to be this way...

Oct 17 09:47

In "Obscene" Move, Oil Tanker Rates Explode To Record Levels Amid Flurry Of Geopolitical Risks

In a world where multiple-sigma events now happen with daily regularity, few people seemed to notice an unprecedented event taking place in the oil tanker industry, where spot charter contacts for very large crude carriers (VLCCs) exploded above $300,000 as the industry digested the fallout from the US focusing its spotlight on sanctions on oil, especially China's Cosco Shipping company, and from the latest security incident in the Middle East.

As Lloyd's List notes, the Baltic Exchange Dirty Tanker Index, which aggregates global shipbroking charter rates, reported that by Friday afternoon, rates for West Africa to China VLCC routes had almost doubled within a day to reach $278,057. Middle East Gulf to Singapore and China routes had reached $305,998 and $300,391 respectively, marking an almost 100% day-on-day increase.

Oct 17 07:39

Not another dollar! Russia & Turkey agree on settlements in national currencies

Moscow and Ankara inked an agreement on using Russian rubles and Turkish lira in mutual payments and settlements, the Russian Finance Ministry announced on Tuesday.

The deal is aimed at gradually switching to using national currencies in mutual trade, the ministry said. Trade turnover between the two countries grew by 16 percent last year, reaching $25.5 billion.

According to the ministry, the agreement aims for “further expansion and strengthening of interbank interaction, as well as ensuring uninterrupted payments between business entities of the two countries.”

Oct 17 07:29

America sold over $55 billion in weapons in FY19

The U.S. sold $55.4 billion worth of weapons to allies and partners around the globe in fiscal 2019, a nearly flat change from the previous fiscal year.

Of that total, $48.25 billion came in payments from partner nations, $3.67 billion from grant assistance programs such as Foreign Military Financing and the Global Peacekeeping Operations Initiative, and $3.47 billion for cases funded under Department of Defense Title 10 grant assistance programs, such as train and equip programs or the Afghan Security Forces Fund.

In FY17, the U.S. sold $41.93 billion in Foreign Military Sales, or FMS, deals. That number jumped a dramatic 33 percent in FY18 to $55.6 billion in deals.

While another major jump did not happen in FY19, Lt. Gen. Charles Hooper, the head of the Defense Security Cooperation Agency, expressed confidence that the various efforts to reform his agency would continue to pay off.

Oct 17 07:10

How GE Screwed Over Its Retirees

Oct 17 06:55

Explosion in company borrowing has created a corporate debt timebomb which could crash the global economy, the IMF warns

A corporate debt time bomb could crash the global economy following an explosion of company borrowing, says the International Monetary Fund.

After a decade of super-low interest rates, the watchdog says as much as $19trillion (£14.8trillion) of debt is owed by companies that do not earn enough to cover the interest payments on their borrowings.

Oct 17 06:03

27 Country GDP Weighted Yield Spread.

Oct 16 19:33

Trump warned Erdogan in letter: 'Don't be a tough guy' or 'a fool'

This is a damn good letter Trump sent to the would be Caliph of a revived Ottoman Empire!
Some peoples reaction to it makes me put a palm to my forehead!
WASHINGTON (Reuters) -

Trump had the letter released to bolster his view that he did not give Turkey a green light to invade Syria. Many lawmakers have been sharply critical of his decision to remove American forces from the conflict zone.

“I have worked hard to solve some of your problems. Don’t let the world down. You can make a great deal,” said Trump in the letter.

He said he had confidentially enclosed to Erdogan a copy of a letter Mazloum had sent him.

Oct 16 17:21

Is Trump Backpedaling on 5G? No Federal Spending for R&D. Are All The Warnings Finally Sinking In?

By B.N. Frank

Is it possible that the Trump administration is paying attention to the rising tide against 5G?

A 5G Proponent website published an article last month that certainly makes it seem like the insane “Race for 5G” may not be as much of a priority anymore...

Oct 16 14:52

'Don't be a tough guy!' What Donald Trump wrote to Turkey's president while Syria invasion began - as he promised 'concessions' from Kurds and warned history would see Edrogan as 'the devil' if he attacked

President Donald Trump tried to cajole Recep Tayyip Erdogan, his Turkish counterpart, into negotiating with Syrian Kurds instead of invading, a letter released by the White House reveals.

'History will look upon you favorably if you get this done the right and humane way. It will look upon you forever as the devil if good things don't happen,' the president wrote on October 9, as Erdogan's forces prepared to cross into Syria.

'Don't be a tough guy. Don't be a fool!' he wrote. 'I will call you later.'

Trump told reporters during a press conference Wednesday that he hadn't given Erdogan 'a green light' to invade, and claimed releasing 'a very powerful letter' would dispel misconceptions about the impact of his troop withdrawal from Syria days before he wrote it.

Webmaster's Commentary: 

I am sitting at my desk here, and having a palm-to-forehead moment, at warp speed, upon reading this.

That President Trump believed that he could influence Erdogan by insulting him, painfully demonstrates a reckless professional idiocy, writ large, under his watch.

This... is really painful, to watch a President of the United States behaving in this manor, and actually thinking he could "save the day" by doing so.

Oct 16 14:42

US ‘deeply worried’ as China continues to buy Iran oil

Chinese companies continuing oil purchases from Iran despite US sanctions are seriously worrying the White House which is warning them to stop the trade, senior administration officials say.

Last month, the US announced sanctions on five Chinese nationals and six entities, including two Cosco Shipping Corporation subsidiaries, saying they had shipped Iranian crude oil in violation of the sanctions.

The coercive measures were similar to US sanctions imposed in July on energy company Zhuhai Zhenrong, one of China’s largest state-backed oil companies for transporting Iranian crude oil.

China has dismissed the sanctions, saying they amount to “bullying” and has defended its trade with Iran as legitimate and legal.

To ramp up pressure on Beijing, the US administration is now accusing Chinese shipping companies of turning off their transponders to conceal the location of their cargoes.

Webmaster's Commentary: 

So, what is the US government actually order their military to do in this situation?!?

Are they going to be setting up "interdictions" of Chinese ships, to check for Iranian oil, in acts which are tantamount of a declaration of war against China?!?

I would strongly and politely suggest to this government to cool its jets regarding Iran; there is no public sentiment or support for an attack against it, and thinking Americans have had enough of the obviously false flags which brought us to war in Iraq, Yemen, and Afghanistan.

What should President Trump do?!? He should support a US return to the P5+1 Agreement with Iran, and robustly insure that our "great good friend" in the Middle East, Israel, just keeps is military hands in its pockets for the rest of President Trump's first term in Office.

That would be one hell of a decent start toward insuring a racheting down of tensions in the middle east and elsewhere.

Oct 16 14:31

Russia patrols will not allow conflict between Turkish, Syrian armies

Good on Russia's leadership!! And I know this will happen when pigs discover that they are aerodynamic, but I think, right now, for his intelligent, adult work in and for Syria, Putin really deserves a Nobel peace prize.

Oct 16 14:26

Turkish invasion creates better conditions for Islamic State terrorists as it creates chaos, Assad’s key adviser tells RT

There is a risk of an Islamic State (IS, formerly ISIS) resurgence in Syria, and it is Turkey’s invasion of the northeast that should be blamed, Bouthaina Shaaban, a political adviser to Syrian President Bashar Assad, told RT.
“Every war creates chaos and chaos is a good climate for terrorism. So this invasion creates better climate for ISIS terrorists,” she said, referring to the terrorist group by its old name. “But the major force that is fighting for Turkey now are the Jabhat al-Nusra. So the terrorists are led by Turkey now to occupy part of the Syrian land.”

And from beginning it was Turkey, who allowed terrorists from all over the world to cross the border and fight this war against the Syrian people.

Webmaster's Commentary: 

You mean, the US-funded and trained and armed jihadists groups, sometimes called ISIS?!?

Operational scope Weapons sales, training of Syrian rebel forces
Location Eastern Europe, Jordan, Syria
Planned by Central Intelligence Agency
Target Syrian Army
Date 2012 – 2017
Executed by Central Intelligence Agency
United States Department of Defense
Jordanian Armed Forces
General Intelligence Directorate (Jordan)
Al Mukhabarat Al A'amah (Saudi Arabia)
Qatar State Security
Secret Intelligence Service (UK)

us GOVERNMENT created Al Qaeda and the Isis Terrorist Group

THOSE GUYS?!?

Looking at this, one has to wonder if this very public "spat" between DC and Istanbul, is not a "cover" for bringing ISIS back into Syria for a decap strike against Damascus.

The big question is, what will Russia do now, and what will happen in Sochi next week, when Edrogan will be having some face time with Russia's President Putin?!?

Oct 16 13:47

State Dept: US Will Require Chinese Diplomats to Report Contacts With American Officials, Educators

US State Department officials stated on Wednesday that moving forward, Chinese diplomats will have to give advance notice of any meetings with state, local and municipal officials, including those with research and educational institutions.

Reuters reported that the change was made in an effort to "add reciprocity" to the manner in which American diplomats are required to do business in China.

Additionally, the measure will cover all staff involved in Chinese missions within the US and Chinese officials traveling through the country on official business.

Citing State Department officials, AP reported that unlike China's requirements for American diplomats, the US' rules are "less onerous than China’s because the Chinese must approve such contacts." The Trump administration will not be requiring Chinese diplomats to receive prior approval ahead of planned meetings.

Department officials have reportedly already received one notice from Chinese officials.

Webmaster's Commentary: 

Forgive me, but how is this supposed to assist Muslim minorities in China's Xinjiang region?!?

The problem here, is it won't and it cannot.

Oct 16 13:27

U.S. Sanctions Could Push Turkey to Leave NATO

Erdo?an’s next decision towards Syria will heavily impact the future of not only the region, but his relations with the U.S. and Russia. With murmurings existing for years now whether Turkey should leave the NATO alliance, these sanctions against Turkey, a country already in a deep economic crisis, will only bring this question to the forefront of debate.

Although the U.S. cites human right abuses as the reason for the sanctions, an allegation that cannot be taken seriously considering their own long list of war crimes, it is likely Trump is ‘punishing’ Erdo?an for his insistence and defiance in buying the Russian S-400 system. This means that the souring relations between Washington and Ankara provides the perfect moment for Russian President Vladimir Putin to consolidate his country’s relations with Turkey.

Webmaster's Commentary: 

I do not know what the US government is thinking about the issue of Turkey, but I do think that Putin is laughing hysterically, at those people "advising" the President, that they never saw the possibility, outlined in the last paragraph, as seriously possible.

Oct 16 12:13

New Bank Policy, They Pay YOU To Get A Loan

Oct 16 08:29

New Gold Bull Market? Not Until This Happens!

Oct 16 07:29

Mexico No Longer A Net Exporter

Oct 16 06:43

Global economy faces ‘awfully high’ risk of recession in the next 12-18 months, warns Moody’s

There’s an “uncomfortably high” chance that a recession could hit the global economy in the near future, according to Mark Zandi, chief economist of Moody’s Analytics. Policymakers may not be able to reverse that course, he said.

“I think risks are awfully high that if something doesn’t stick to script then we do have a recession,” Zandi told CNBC. “I’ll say this also: Even if we don’t have a recession over the next 12-18 months, I think it’s pretty clear that we’re going to have a much weaker economy.”

Oct 16 06:01

MORE CHEAP MONEY = MORE CHEAP TRICKS

Another week, another stream of mainstream media headlines that simplify complex economic and geopolitical facts and factors, distilling them down to a reason or two as to why markets move and economies shift.

Last week, for example, after the Dow slumped on Tuesday, 8 October after reports of failing trade negotiations between the U.S. and China, markets rebounded when President Trump tweeted brighter trade deal prospects.

However, the markets closed out on Friday, 11 October losing some gains following reports the deal would be achieved in “phases.”

Then yesterday, 14 October, the Dow opened flat on news that China wanted another round of talks before signing phase one of the trade deal.

With U.S. companies seeking alternative manufacturing sources, imports from “Communist” Vietnam (where America launched a deadly war that killed some four million Vietnamese and some 60,000 U.S. soldiers) rose 34 percent this year.

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