ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Oct 09 10:03

Turkey Joins Russia's Ruble-Based Alternative To SWIFT

After repeated warnings over the past couple of years, Turkey and Russia have signed a pact to increase use of the ruble and lira in cross-border payments, with Turkey signing on to Russia's alternative to SWIFT, the international telecommunications protocol used by banks and central banks the world over.

Though SWIFT is an international cooperative owned by its members, with more than 10,000 banks worldwide relying on its system for handling sizable inter-bank transactions, the safety of the network was brought into question after a series of cyberattacks in 2015 and 2016 resulted in the theft of $101 million from the Central Bank of Bangladesh.

For the first time since SWIFT's laucnh, the hacks stoked doubts about the system's safety, and prompted many US rivals, including Russia, to ramp up work on their alternatives to SWIFT.

Oct 09 10:01

American Airlines Joins Southwest In Abandoning Hope 737 MAX Will Fly Again This Year

Even as Boeing still tells anyone who will listen that it is confident the infamous 737 MAX plane will fly again this year, its biggest clients are giving up hope, and earlier today American Airlines abandoned expectations it would resume flights with the Boeing Co. 737 Max this year, pulling the troubled plane from the carrier’s schedule beyond the end of 2019, at least through January 15, 2020.

As Bloomberg notes, the world's largest airline, which previously removed the aircraft through Dec. 3, is canceling 140 flights per day as its two dozen Max jets remain grounded indefinitely. With its announcement that it won't fly a 737MAX until 2020 at the earliest, American follows Southwest Airlines which in July said that it wouldn’t fly the plane before Jan. 6. Southwest is the largest Max operator, with 34.

United Airlines remains the major outlier, and still has the Max set to return to its schedule on Dec. 19, while Air Canada has removed the plane until Jan. 8.

Oct 09 08:57

Amazon Is Becoming One Of America’s Biggest Military Giants

By Aaron Kesel

Amazon is on its way to becoming one of the U.S. military’s biggest security giants, with a pending $10bn JEDI cloud computing deal that the company could win, MIT Technology Review reported.

In August the Pentagon halted the controversial contract deal, known as Joint Enterprise Defense Infrastructure (JEDI), an initiative to “aggressively accelerate the Department’s adoption of cloud architecture and services, with a focus on commercial solutions.”...

Oct 09 07:35

Researchers Attempt to Invent Low-Cost Alternative to Bitcoin

The cryptocurrency Bitcoin may be limited by its astronomical electricity consumption. A nearly zero-energy alternative sounds too good to be true, but as School of Computer and Communication Sciences (IC) Professor Rachid Guerraoui explains, it all comes down to our understanding of what makes transactions secure...

Oct 09 06:44

The Book Is About To Close On The Late Great United States Of America

Our story could have ended very differently. If America had embraced the truth, that would have put us on a far different road than the one we are on today. Instead, we are steamrolling toward oblivion, and only a small handful of brave watchmen are even warning about the ominous fate that lies directly ahead of us. We live at a time when “evil” is called “good” and “good” is called “evil”, and just about every form of human degradation that you can possibly imagine is absolutely exploding in our society.

Oct 09 04:59

How An Ever Sanctioning Superpower Is Losing Its Status

The Russian President Vladimir Putin spoke yesterday at the yearly Valdai Discussion Club meeting in Sochi. A video with English translations and excerpts of the transcript are here.

With regards to the global system Putin made an interesting historic comparison:

The U.S. sanctions and sanctions and sanctions but never checked if sanctions work to the intended purpose. The efforts to sanction Russia have surely led to some unintended consequences. They are the reason why the alliance between China and Russia deepens every day. The U.S. has the exorbitant privilege of having its own currency being used as the international reserve. The sanctioning of U.S. dollar transactions is the reason why the U.S. is now losing it:

But the U.S. is not losing its financial or sole superpower status because of what China or Russia or Iran have done or do. It is losing it because its has made too many mistakes.

Oct 08 18:32

UBS Boosts 2020 Gold Forecast Even Higher

Oct 08 14:51

Headlines Dominate Cautious Markets

Oct 08 14:50

Fed's Shadow QE Revealed!

Oct 08 08:30

Watch out for leveraged ETNs

Oct 08 07:58

Sonos is letting customers in Europe rent its pricey speaker systems for just $16 per month in a service that could roll out worldwide

The service offers three distinct tiers of Sonos rentals that start at €15 ($16) per month and ascend in price with a middle-tier package that costs €25 ($27) per month and finally a premium package for €50 ($55) per month.

Each serves a separate function with the more expensive options being geared toward TV's and the cheapest being a versatile 'Evert Room' setup.

Respectively, the speakers included in those packages would cost €229 ($251), €449 ($493), and €799 ($877) if bought outright through the company.

Oct 08 07:13

The Most Miserable Countries in the World

Oct 08 06:50

What's Holding Up the Market?

Oct 07 18:16

Timeline of Lawsuits, Legislation, Opposition, and Warnings Regarding Forced 5G Installation in the U.S. and Worldwide

By B.N. Frank

Activist Post regularly reports about increasing opposition to 5G in the U.S. and around the world. It’s difficult to keep up with it. In February, the telecom industry provided U.S. congressional testimony that they have NO scientific evidence that it’s biologically safe. Many doctors and scientists say it isn’t. Engineers, environmentalists, meteorologists, NASA, NOAA, U.S. Navy, security experts and other credible sources have also described 5G as a recipe for disaster.

It’s ridiculous that 5G is still being forced on so many communities – especially since illness from exposure has already been reported...

Oct 07 15:48

Capital Flight Is Killing The US Shale Boom

Oct 07 15:02

Urban and Home Gardens Could Help Curb Food Insecurity, Health Problems

It’s changed our way of eating a lot’: Participants cited pride in their garden work as a key factor in eating the healthier produce they grew, leading to an increase in healthy eating and physical activity.

Food deserts are an increasingly recognized problem in the United States, but a new study from the Journal of Nutrition Education and Behavior, published by Elsevier, indicates urban and home gardens – combined with nutrition education – could be a path toward correcting that disadvantage...

Oct 07 10:16

The Relentless Road to Recession

Oct 07 10:02

China’s ‘New Silk Road’ Vision Revealed

The Xinhua series promises the clearest look so far at China’s vision for its Silk Road Economic Belt as well as the Maritime Silk Road. One of the most intriguing pieces released Thursday was a map showing China’s ambitious visions for the “New Silk Road” and “New Maritime Silk Road.” It’s the clearest vision to date of the scope of China’s Silk Road plan.

According to the map, the land-based “New Silk Road” will begin in Xi’an in central China before stretching west through Lanzhou (Gansu province), Urumqi (Xinjiang), and Khorgas (Xinjiang), which is near the border with Kazakhstan.

Oct 07 09:16

The Washington Tyranny destroys Democracy - Dr. Paul Craig Roberts, Herland Report TV

Herland Report Podcast: "If there is a war, Europe is going to disappear. The Russians have already said that they will not fight another war on their territory. There are no independent governments in Europe, Washington owns them," states Dr. Paul Craig Roberts.

Oct 07 09:15

Hard Data Gets Put to the Test

Oct 07 09:10

China’s New Silk Road through Syria provokes the US: The Sanctions only help China’s power to grow

A map of the likely final routes of the land and sea trade corridors which China is working to build in cooperation with local nations along the route goes a long way in explaining why the United States is conducting troop exercises, engaging in military conflicts and threatening new military conflicts in key spots along the New Silk Road.

The following map shows the routes of China’s New Silk Road. Each number corresponds to an area where US troops or their allies are either active in a conflict zone or have recently engaged in military exercises.

Oct 07 09:00

A Turning Point for America and The World?

11 days ago the Russian Combat Engineers completed a bridge across the Euphrates, under fire,connecting Western Syria with Eastern Syria,capable of handling 8,000 vehicles a day.
https://theduran.com/syrian-war-update-russia-builds-bridge-across-eup...
https://tass.com/defense/967468

Neither Syria,Russia or Iran are protesting the Turkish invasion as of yet.

Today President Trump announced a pullout of US troops from Northeast Syria in anticipation of a major Turkish incursion into Northeastern Syria.
https://www.rt.com/news/470361-us-syria-tribal-wars/
https://news.antiwar.com/2019/10/06/us-troops-will-withdraw-from-north...
Russia demanded all uninvited foreign troops leave Syria.
https://sana.sy/en/?p=175065

Oct 07 08:23

The Market Begins Pricing In More Rate Cuts

Oct 07 05:17

17% of young homebuyers regret purchase

Oct 06 17:04

Fed Repo Operations: Much Ado About Nothing?

Oct 06 11:44

Worst IPO Since 2007? (SDC)

Oct 06 11:35

These Are The Top American Cities For Starting A Small Business

By Tyler Durden

Friday’s jobs report has helped stoke speculation that the American labor market is finally beginning to cool (though the 136k jobs number was still better than the whisper number, which saw September payrolls sinking below 100k). As the pace of hiring slows, more Americans might be forced to make bold career moves – like deciding to start their own business.

And why not? As Adrian Mak wrote in a recent blog post for AdvisorSmith, new business formation is a critical driver of the American economy, even as large corporations continue to strengthen their grip.

Using data gleaned from a recent study that looked at 353 US cities across all 50 states, AdvisorSmith ranked the best US cities for starting a small business...

Oct 06 10:17

Company Building Hemp Homes Using 3D Printing Technology

By John Vibes

More architects and builders are turning to hemp as a sustainable material to use when building homes, and with 3D-printing technology, hemp is going to become even more of a realistic alternative to traditional materials, which are not environmentally friendly and in very short supply.

An Australian based biotechnology company called Mirreco, has recently unveiled plans for 3D-printed hemp homes. The company cites environmental concerns as some of their primary motivations...

Oct 06 04:56

Trump Cannot Be Anti-Globalist While Working With Global Elites

Early on I posted stories about Trump's bailout by the Rothschilds and Wilbur Ross. I posted stories about his profitable business dealings with George Soros. His connections to Israel and Jeffrey Epstein.
I decried him stuffing his cabinet with Globalist Swamp Critters. He has broken his promise on pulling back from all these wars. He has broken his promises on immigration. Hillary and Bill are still free and not indicted. I could go on and on. Sometimes it doesn't feel good to be right.

During the election it was unclear to me if Donald Trump was a puppet of the elites. He could have simply been a convenient scapegoat for the coming crash. Today, it is obvious that he is indeed controlled opposition.

Oct 05 11:33

Central Bankers Go Green…Why?

Oct 05 09:41

$2B Big Short of the late 2010s

Oct 05 09:02

Shell Oil Corporation Burning Gas For Months Because They Can’t Sell It — Surrounding Communities Affected

By John Vibes

The Shell oil corporation is burning off large volumes of ethane because they can’t sell it to their regular customer, which is a plant on the same property owned by ExxonMobil. The location is officially known as “Mossmorran,” and is used by numerous oil and gas companies. Residents near the property where the ethane is burning are complaining of pollution, light, and noise coming from the site...

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