ECONOMY | WHAT REALLY HAPPENED

ECONOMY

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...

Oct 05 07:27

The Federal Reserve Cartel: The Eight Families

The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch.

According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.[1]

So who then are the stockholders in these money center banks?J. W. McCallister, an oil industry insider with House of Saud connections, wrote in The Grim Reaper that information he acquired from Saudi bankers cited 80% ownership of the New York Federal Reserve Bank- by far the most powerful Fed branch- by just eight families, four of which reside in the US. They are........

Oct 05 07:23

Lebanese Paper Reveals US Plots for Hot Summer in Iraq, Baghdad's Measures to Counter

Just as I suspected. The US is not happy with Iraq over their friendship with Iran.

Security sources told the Arabic-language al-Akhbar newspaper that most people in the recent unrests in Iraq were peacefully shouting their demands while a number of others were after sabotage acts and suspicious plans to turn the scene into violence and chaos.

They added that the US plot to foment chaos in Iraq was disclosed to the intelligence bodies since three months ago, noting that Washington and its allies were due to organize protest rallies under the cover of popular demands and lead it towards unrests and then introduce a popular military commander to lead the so-called salvation government so that the US can strengthen its hegemony over Iraq.

Oct 05 07:19

Does The Market Finally See The Slowdown?

Oct 05 07:13

Good & Evil - A Declaration of War

For many centuries, Evil has waged a covert war against Good.

Evil denies this and calls it a "conspiracy theory."

They slander and smear people who sound the alarm.

Resistance to Evil is classified as "Hate."

They deny with their lips what they do with their hands. "Believe what we say, not what you see." What you see is "fake news."

The hunter is most effective if the prey is unaware of mortal danger.

Oct 05 07:04

Trump Says Big Pharma Might Be Driving Impeachment: Does Daniel Best’s Suspicious “Suicide” Prove He’s Right?

On Thursday, MSNBC printed a hit piece entitled Trump suggests without evidence that pharmaceutical industry could be pushing impeachment probe.

Notice the “without evidence” jab in the title.

Are they right about that?

Maybe, but not entirely.

More on the “strong but circumstantial” evidence in a minute.

First let’s look at what Trump actually said:

Oct 05 06:27

Oregon agricultural exports hit hard by US-China trade war

MARQUAM — Rancher Jerome Rosa sat in his mud-spattered pickup truck, glumly watching some of his cows resting on a grassy slope in Oregon's fertile Willamette Valley.

Rosa, the executive director of the Oregon Cattlemen's Association, told state lawmakers a few days earlier about the disruptions to Oregon's beef exports because of the U.S.-China trade war.

Darren Padget, an Oregon wheat grower and vice chairman of the U.S. Wheat Associates market development group, said he supports Trump's renegotiating of trade agreements and hard stance with China.

Oct 05 05:49

Oil Discoveries Hit 70-Year Low

Oct 04 21:33

China trade war triggers closings, layoffs at US hardwood lumber mills

It is hard times for the U.S. hardwood lumber industry. The trade war with China has caused a steep drop in U.S. exports of the product, and now the industry is cutting jobs.

China used to account for about half of all U.S. hardwood lumber exports, about $2 billion annually. The Trump administration’s 25% tariff cut through that demand.

Oct 04 21:08

Beware Awakening China

By Eric S. Margolis

Special for LewRockwell.com

“China is a sleeping giant. Let her sleep, for when she wakes she will move the world.” Napoleon

France’s future emperor never saw China, but he was wise enough to understand its immense latent strength and future importance. Two centuries after making this prediction, China has proved the Corsican correct.

While Washington fiddles and burns, Chairman Xi Jinping, the new Chinese emperor, is fast making China great again.

Oct 04 21:07

HP to Cut as Much as 16% of Workforce Amid Print Unit Woes

HP Inc. will slash as much as 16% of its workforce as part of a broad restructuring meant to cut costs and boost sales growth amid the company’s first change in top leadership in four years.

The personal computer giant said it will cut 7,000 to 9,000 positions through firings and voluntary early retirement. The job reductions will help save about $1 billion by the end of fiscal 2022, the Palo Alto, California-based company said Thursday in a statement. HP had 55,000 employees as of a year ago, the last time it disclosed the figure.

Oct 04 20:51

How An Ever Sanctioning Superpower Is Losing Its Status

The U.S. loves to dish out sanctions left and right and the Trump administration has increased their use. But sanctions, especially unilateral ones, do not work. The U.S. has not recognized that because it never looked if those sanctions fulfill their aims. A recent Government Accountability Office report found:

Th 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:

Oct 04 20:44

Iran Is China’s Secret Weapon for Killing off the US Dollar’s Global Reserve Status

There is a strong current of change affecting the international political arena. It is the beginning of a revolution brought on by the transition from a unipolar to multipolar world order. In practice, we are faced with the combination of several factors, including the application of US tariffs on Chinese exports, Washington’s sanctions on Iran, US energy self-sufficiency, the vulnerability of Saudi industrial facilities, and Iranian capabilities for resisting US attacks, as well as its exportation of large quantities of gas and oil to China. Everything converges on one factor, namely, the looming decline of the US dollar as the global reserve currency.

Beijing’s recent decision to grant a credit line of between 280 and 400 billion US dollars to the Islamic Republic of Iran is part of a broad-spectrum strategy that looks to the distant and not just immediate future.

Oct 04 16:13

24% of Your Cable TV Bill Is Just Bogus Fees, Study Says

A new study by Consumer Reports finds that at least 25 percent of your monthly cable TV bill is made of sneaky fees, many of which have no actual purpose outside of making your cable provider richer.

The consumer group’s study took a closer look at 787 consumer cable bills from 13 top cable providers and found that while the average user paid about $156.71 a month for cable TV, users in reality paid $217.42 a month once fees were added. In other words, about 24 percent of your cable TV bill each month ($37.11) is made up of fees and hidden surcharges.

According to Consumer Reports, cable TV and broadband providers increasingly use hidden fees to advertise one price, then hit consumers with a significantly higher rate once the bill comes due. As a result, the cable industry generates about $450 per year per consumer in fees.

Oct 04 15:03

US-Saudi-Israeli alliance against Iran floundering in crisis: Haaretz

An anti-Iran alliance forged between the leaders of the United States, Israel and Saudi Arabia is faltering as each have become overwhelmed by their own dilemmas, Israel's leading daily Haaretz reports.

“The three leaders who have led the anti-Iran line in recent years were each absorbed in his own domestic crisis this week,” Haaretz wrote on Thursday.

The Israeli paper pointed to the recently intensified impeachment inquiry surrounding US President Donald Trump and pre-indictment hearings threatening the tenure of Israeli Prime Minister Benjamin Netanyahu during the past week as signs that the two leaders were mired in crisis.

Webmaster's Commentary: 

The more the internal bickering continues in the US, Israel, and Saudi Arabia, the less energy can be expended toward any kind of an alliance between the three countries and Israel against Iran.

Oct 04 14:53

Ebola Crisis Worsens, Threatening Tanzania, But New Vaccine Appears Effective

The most recent and ongoing devastating outbreak of Ebola in central Africa raging since August 2018 has claimed over 2000 lives and resulted in 3000 confirmed infections, according to the World Health Organization (WHO).

And perhaps most alarming are recent new reports of possible Ebola deaths in Dar es Salaam, Tanzania at the major international port there — a surprising development given the WHO did not even rank Tanzania as among the "most vulnerable" countries for an outbreak (those listed are Burundi, Rwanda, South Sudan, and Uganda based on reported cases near busy border crossings). This after in early summer it spread from worst hit Congo to neighboring Uganda, resulting in multiple deaths, including a child.

Oct 04 14:14

Why are California Utility Bills so High?

Oct 04 12:50

Oil Prices Tank On Global Recession Fears

Oct 04 12:45

Four rules for storing physical gold overseas

Oct 04 10:53

Economics Is Like Quantum Physics

Oct 04 07:38

HomeUK NewsFreezing to death: Unheated homes killed over 16,000 people across UK last winter, govt watchdog finds

Staggering energy prices are taking a toll on those unable to pay their bills, a UK regulator has admitted, confirming that thousands of people may have died because of fuel poverty and lack of heating during winter.
The most vulnerable households spend more on their energy bills than wealthier ones, and “can therefore be at greater risk of fuel poverty,” according to a comprehensive new study by the Office of Gas and Energy Markets (Ofgem) on Thursday.

Fuel poverty, a common UK term for customers who cannot afford to keep adequately warm at an affordable cost, “increases the risk that people [will] develop ill health,” it acknowledged.

Over winter 2017-18, we estimate that fuel poverty may have contributed to 5,500 excess winter deaths and that 16,500 excess winter deaths may have been linked to people living in cold homes.

Webmaster's Commentary: 

Absoflippinglutely unbelieable: the British government kills its own poor with hypothermia, because these people cannot afford the fuel to heat their homes?!?!?

The Brits could use a no-confidence, snap election right the hell now, to get these monsters who created this horrific suffering, out of office!!

Oct 04 07:32

Russia Rolls Out Missile Early Warning Systems in Arctic

MOSCOW (Sputnik) - Two new Voronezh-type missile early warning radars will become operational in 2022 in the Komi Republic and the Murmansk region in northern Russia, the Defence Ministry said.

"Work continues on the construction of new radar stations for the missile early warning network in the Komi Republic and the Murmansk region. These works are planned to be completed in 2022," the ministry said.

These new radars will be the first deployed in Russia's Far North.

Russia has deployed so far a total of seven operational Voronezh-type radars as part of the country's missile early warning network. The systems of this type are currently functioning in several Russian regions, including the Kaliningrad region, the Leningrad region and in Syberia.

Webmaster's Commentary: 

The Russians must feel as though they have something very worthy of defending, if they are placing these early warning radars in this area.

Oct 04 07:29

IRGC Chief Commander Warns Israel to Be Wiped Off Political Maps If It Wages New War

A senior Iranian military commander hailed the country’s deterrence system as one that has helped keep enemies at bay and offset economic pressures exerted on the Islamic Republic by the US and its allies over the past year.

The chief commander of Iran’s Islamic Revolutionary Guards Corps (IRGC) has cautioned Israel against waging a new war, saying any such “mistake” would lead to annihilation.

To prove the point, Major General Hossein Salami, when taking the floor at a meeting of Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei with senior commanders of the IRGC on Wednesday, stressed that Tel Aviv is no longer viewed as a threat due to an upgrade in his country’s deterrence capacity.

“Any new war will lead to the total disappearance of this regime from the world’s political geography”, he uttered, adding that Israel is well aware any small mistake “will be its last”.

Webmaster's Commentary: 

General Salami, a word, please: this rhetoric is absolutely not helping with any ratcheting down of tensions, which should be your and your Israeli counterpart's most vital mission right now.

I would like to hope that the above-made speech was engineered far more for domestic consumption rather than international consumption.

Yes, the world understands that Iran, like Israel, has some very intense, complex, and highly effective weaons.

But General, you and I both understand that all it is going to take, may well be just one stupid miscalculation, or one small screw-up by the chain of command on either side, to send this world down a path to World War III.

I have seen images of you on-line, and would possibly imagine that you have a grand-child, or grand-children by this time in your life; perhaps, so does your Israeli counterpart.

Peace is a hard choice, when so many batty people in power, are screaming for war; but I am asking both you, and your Israeli counterpart, to make that hard choice, to insure a peaceful future not only for your families' children; but also, for all children on this earth.

Oct 04 07:23

'Stunning Rebuke to Predatory Wall Street Megabanks' as California Gov. Signs Law Allowing Creation of Public Banks

"Now is our moment in history to lead the nation by re-envisioning finance and recapturing our money to benefit our local communities by building a new system that works for the greater good."
—Trinity Tran, Public Bank LA

Oct 04 07:15

Millennials Are Now Putting Everyday Items, Like Shoes & Sweaters, On Payment Plans

In what is certainly a microcosm of how dire the consumer credit situation in this country has become, startups like Affirm are now offering credit to millennials who want to buy products priced much lower than those traditionally bought with financing, according to the Wall Street Journal.

Yes, installment plays and layaway - constantly the butt of jokes for those who were always far too broke to afford whatever they were buying - have now become an everyday reality. But not for big ticket items, foIn what is certainly a microcosm of how dire the consumer credit situation in this country has become, startups like Affirm are now offering credit to millennials who want to buy products priced much lower than those traditionally bought with financing, according to the Wall Street Journal.

Webmaster's Commentary: 

ARE YOU FLIPPING KIDDING ME?!?!?

Oct 04 07:14

Nearly $100 billion in one day

Oct 04 07:11

New Weapons & The New Tactics Which They Make Possible: Three Examples

The recent Houthi drone and missile strike on the Saudi oil installations has shown to the world something which the Russians have known for several years: that even rather primitive drones can be a real threat. Sophisticated drones are a major threat to every military out there, though Russia has developed truly effective (including cost-effective, which is absolutely crucial, more about that later) anti-drone capabilities.

First, lets look at the very low-cost end of the spectrum: drones

Oct 04 07:07

Russia's Largest Oil Company Ditches Dollar In New Oil Deals

Authored by Tsvetana Paraskova via OilPrice.com,

Russia’s largest oil company Rosneft has set the euro as the default currency for all new exports of crude oil and refined products, as the state-controlled giant looks to switch as many sales as possible from U.S. dollars to euros in order to avoid further U.S. sanctions against it.

As of September, Rosneft is seeking euros as the default option of payment for its crude oil and products, Reuters reported on Thursday, quoting tender documents the Russian firm has published.

“Rosneft has recently adjusted all the new contracts for export supplies to euros,” a trader at a company that regularly procures oil from Rosneft told Reuters, adding that buyers have already been notified of the change.

Rosneft is the biggest oil exporter from Russia, selling around 2.4 million barrels per day (bpd) of oil, according to Reuters estimates.

Webmaster's Commentary: 

I would like to hope that President Trump and his Cabinet expected this outcome, and have a reasonable remedy for it.

Unfortunately, recently, I have not been able to pair the world "reasonable" with any current actions taken by this White House in quite some time; this greatly concerns me.

Oct 04 06:51

Trump Administration Reignites War Against Syria

The neocons are not about to give up and admit defeat. Due primarily to Russia, Iran, and Hezbollah, the presence of the Islamic State is now considerably reduced in Syria.

This is, of course, unacceptable for the neocons and Trump’s State Department, so last week Sec. State Pompeo accused Syria once again of using chemical weapons.

There is no evidence this incident occurred. This is the case with all of the supposed chemical attacks in Syria.

From The Guardian, May 22, 2019.

Webmaster's Commentary: 

So what is the White House's next step in this flummoxed, fluster-cluck of an accusation?!?

And to all people familiar with how this stuff works out there, who are also Rivero's Rangers; IF this actual attack happened last May, how reasonably long, please, before an incontrovertible verdict to come back as to whether, or whether this was not a use of chemical weapons?!?

So is DC going to decree that all Iranian ships be interdicted in the High Seas, for fear of carrying their oil to some other part of the world?!?

And would such action not be tantamount to a declaration of war against both Syria and Iran?!?

Folks, this is absolute madness, writ large.

Oct 04 06:36

Iran Is China’s Secret Weapon for Killing off the US Dollar’s Global Reserve Status

In geographical terms, this implies a future shift of military forces away from the Persian Gulf, Middle East and North Africa to the Far East. This is for the purposes of containing and surrounding (militarily, economically and technologically) Washington’s primary peer competitor, namely China.

Beijing, in response to this encirclement, has a card up its sleeve. It can seek to replace the reserve-currency status of the US dollar by not only coming to Iran’s aid, which is fundamental to its Belt and Road Initiative (BRI), but also, at a later stage, seeking to woo Saudi Arabia (and OPEC) away from selling oil exclusively in US dollars. Moscow, with the development of OPEC+, can help its Chinese ally, shaping the LNG market with prices quoted in currencies other than the US dollar. Currently, Beijing and Moscow are trading in hydrocarbons by completely bypassing both the SWIFT payment system as well as the US dollar.

Oct 04 06:25

Trump and Money Are Shielding Saudi Arabia From Accountability for Khashoggi's Killing

President Trump’s protection of Saudi Arabia is at best a temporary shield. Veterans, peace and human rights groups, and other interest groups have been pushing Congress to block U.S. military support for the kingdom by invoking provisions of the War Powers Resolution and making amendments to the National Defense Authorization Act. Human rights organizations also have pushed beneficiaries of Mohammed bin Salman’s private charity — among them the New York Public Library and the United Nations—to abandon their connection to the foundation, which the crown prince uses as a propaganda platform.

Yet, one year after Khashoggi’s killing, and 4 ½ years into the brutal Saudi-led intervention in Yemen, Congress and the president have yet to hold Saudi Arabia accountable. That cannot be allowed to stand. On the anniversary of Khashoggi’s murder, we owe it to him to stand up to the Saudi lobby and the president, and once and for all punish the Saudi government for what it has done.

Oct 04 06:17

Protesters in Haiti burn buildings, loot police station in drive to remove president (PHOTOS)

Thousands of protesters in Haiti took to the streets to demand the resignation of President Jovenel Moise, setting businesses and government buildings ablaze in chaotic demonstrations prompted by claims of official corruption.
In Port-au-Prince, Haiti’s capital, demonstrators looted a police station and made off with ammunition, ballistics vests and even office furniture on Friday. Elsewhere in the city, homes and businesses were set on fire. A courthouse in the city of Jacmel was also torched.

Webmaster's Commentary: 

Please, take a good, hard look at the photo on top of this article; it does not appear to have been photoshopped, or compromised in any way; and there are a heck of a lot of people out there.

I don't know about you, but to me; this looks like the beginnings of a genuine revolution.

The big question, henceforward, is this; will the police and military continue to protect the powers that be, or will they ultimately side with the protestors?!?

Oct 04 05:08

Martial Law Unfolding In Iraq: 30 Protesters Shot, Internet Blackout, 24-Hour Curfews

Now in their third day, mass anti-government protests across Iraq have resulted in 30 dead and over 1000 wounded, amid a brutal police crackdown which has involved unprepared security forces firing live rounds on demonstrators.

Several major cities are now under curfew and the government has cut internet access for much of the country. In a signal of just how dire and growing the mayhem is, Iran has now sealed key border crossings with Iraq just ahead of an annual Shia pilgrimage this month, where crucial Iran-Iraq border crossings swell with pilgrims.

Webmaster's Commentary: 

folks, Iraq was allegedly "conquered", and given a (US-Centric) government; what has happened since then, has been one of the greatest transfers of wealth away from the Iraqi people, and toward the monied who are in favored positions to profit handsomely from Iraq's current corrupt leadership.

And my big question, having seen that Moqtada Al Sadr was in Iran this week, ( ON 9/11) and allowed himself to be photo-blogged with Supreme Leader Rouhani, and the leader of Iran's Revolutionary Guard, just what the heck he might be up to, right now?

Please remember; this guy is like a "father figure" to many young Shia Iraqi men, and his "Mahdi Army" fought both the Sunni militias, and occasionally US forces as well, and with some very intensely-won results.

Reports indicate that he is constantly in touch with the former "high commanders" of this group,so I am asking myself; how long would it take Al Sadr to "get the band back together" to fight this corrupt government at every turn?!?

What if he has discovered that his " political clout" in the last election, seeing that his party now has a plurality from the last Iraqi elections, was not enough to rid Iraq of the intense corruption which has plagued it, ever since the US invasion/occupation?!?

I would like to hope that this is keeping SOME FOLKS in the Pentagon and State Department up at nights; it sure the heck does for me!!

Oct 04 03:39

CALIFORNIA GOV. SIGNS LAW ALLOWING CREATION OF PUBLIC BANKS

California Gov. Gavin Newsom on Wednesday signed into law historic legislation that would allow the state's cities and counties to establish public banks as an alternative to private financial institutions, a move advocates hailed as a "stunning rebuke to the predatory Wall Street megabanks that crashed the global economy in 2007-08."

"Now is our moment in history to lead the nation by re-envisioning finance and recapturing our money to benefit our local communities by building a new system that works for the greater good."
—Trinity Tran, Public Bank LA

Trinity Tran, co-founder of Public Bank LA, said Newsom's decision to sign the Public Banking Act (A.B. 857) despite fervent opposition from the state's business lobby "is a testament to the power of grassroots organizing."

Webmaster's Commentary: 

I would like to hope that this becomes a trend nation-wide; one has to wonder just how the "money junkies" inhabiting that world of private central banks, will find ways to get their claws into the system, for their own personal gain.

Oct 03 19:22

Yes, computers really are taking jobs from humans — especially in banking

Study shows automation and artificial intelligence will cut 10% of banking jobs alone

Oct 03 17:28

Macron ally warns Trump France will ‘react with sanctions’ after £6billion EU tariff hit

French Finance Minister Bruno Le Maire said on Thursday that Paris and Brussels were ready to respond with counter-sanctions if the United States rejected the olive branch offered by Europe in the Airbus trade row. “If the American administration rejects the hand that has been held out by France and the European Union, we are preparing ourselves to react with sanctions,” M Le Maire said in a statement. On Wednesday, the World Trade Organisation (WTO) gave Washington a green light to impose tariffs on £6.1 billion ($7.5 billion) worth of EU goods annually over illegal EU subsidies handed over to the France-based planemaker – a move that threatens to spark a tit-for-tat transatlantic trade war. Reacting to the news on Wednesday evening, M Le Maire said that US sanctions would be a “political and economic mistake” as he called for the dispute to be resolved “amicably”.

Oct 03 17:26

U.S. hits Europe with tariffs in retaliation over Airbus, Boeing case

American lovers of Scotch whisky, French wine and Italian cheese might have to dig deeper into their pockets after the Trump administration slapped tariffs on $7.5 billion of European consumer products.

Although the tariffs include a wide range of food and clothes — such as British woolen suits and German coffee — the move is actually a retaliation for a 15-year dispute between the United States and the European Union over aircraft subsidies.

...

The president tweeted Thursday that this was a "a very nice victory!"

Oct 03 17:14

Four rules for storing physical gold overseas

Oct 03 13:39

House Republican leader demands Nancy Pelosi SUSPEND impeachment inquiry until Congress agrees on 'transparent and equitable rules' accusing her of failing to 'be fair' to Donald Trump

House Republican Leader Kevin McCarthy on Thursday demanded Speaker Nancy Pelosi suspend the Democrats' impeachment inquiry into Donald Trump until Congress can agree on 'transparent and equitable rules' in the process.

His offensive move comes as some Republican lawmakers have been grumbling that the White House has not had a concise, planned response to the Democrats' move.

'I am writing to request you suspend all efforts surrounding your 'impeachment inquiry' until transparent and equitable rules and procedures are established to govern the inquiry,' McCarthy, a loyal Trump ally and prominent defender of the president, wrote.

Pelosi responded with a letter of her own, pointing out she has the power to launch an investigation without a vote from the full House.

Webmaster's Commentary: 

The insanity continues, as the citizens of the US are made to look like the absolute laughing stock of the entire world.

Oct 03 13:39

House Republican leader demands Nancy Pelosi SUSPEND impeachment inquiry until Congress agrees on 'transparent and equitable rules' accusing her of failing to 'be fair' to Donald Trump

House Republican Leader Kevin McCarthy on Thursday demanded Speaker Nancy Pelosi suspend the Democrats' impeachment inquiry into Donald Trump until Congress can agree on 'transparent and equitable rules' in the process.

His offensive move comes as some Republican lawmakers have been grumbling that the White House has not had a concise, planned response to the Democrats' move.

'I am writing to request you suspend all efforts surrounding your 'impeachment inquiry' until transparent and equitable rules and procedures are established to govern the inquiry,' McCarthy, a loyal Trump ally and prominent defender of the president, wrote.

Pelosi responded with a letter of her own, pointing out she has the power to launch an investigation without a vote from the full House.

Webmaster's Commentary: 

The insanity continues, as the citizens of the US are made to look like the absolute laughing stock of the entire world.

Oct 03 13:33

White House Floats Potential DOJ Investigation Into ‘Joe Biden and His Family’

A little noticed White House messaging memo says President Trump asked Ukraine to comply with “any” future DOJ probe into Joe Biden and his son, Hunter.

Webmaster's Commentary: 

I wish that there was a candidate left standing, who I could support fully for the Presidency; but what I am seeing, crumbling around this country, is a neglected infrastructure; people who promise anything to get elected; and are scamming what is left of this economy, and leaving We the People in ruins.

Oct 03 13:09

State of Emergency Declared in Ecuador Amid Mass Protests

Earlier, demonstrators took to the streets of Ecuador's major cities, blocking major roads in Quito and Guayaquil to protest the scrapping of fuel subsidies, part of the government's austerity measures aimed at reducing the fiscal budget.

Ecuadorian President Lenin Moreno declared a state of emergency in the country on Thursday amid nationwide protests which have paralysed much of the Latin American country's transport infrastructure, saying that his decisions to introduce austerity measures and slash subsidies "were firm," and that the state of emergency was aimed at reigning in "those who intend to cause chaos."

Webmaster's Commentary: 

In all the countries where we are seeing this happening, the fault is never the fault of the people being penalized, but they understand that they will be the ones punished, and not the people who originally gouged the country; austerity is rarely the fault of the people who are suffering the most.

Oct 03 12:25

NK Tests Sub-Launched Ballistic Missile In Show Of "Second-Strike Capability"

North Korea has confirmed a new successful missile launch on Wednesday, which notably involved its first submarine-launched ballistic missile (SLBM) in three years, and a new type of "vertical mode" ballistic missile.

The test was "to contain external threats and bolster self-defense" as Reuters reports, and comes just two days ahead of working level talks with the United States in Stockholm, Sweden at the end of this week.

North Korea has confirmed a new successful missile launch on Wednesday, which notably involved its first submarine-launched ballistic missile (SLBM) in three years, and a new type of "vertical mode" ballistic missile.

The test was "to contain external threats and bolster self-defense" as Reuters reports, and comes just two days ahead of working level talks with the United States in Stockholm, Sweden at the end of this week.

Webmaster's Commentary: 

One has to wonder; is the person ordering these tests actually Kim Jung Un, or is there someone else pulling the strings here?!?

Oct 03 12:22

Peter Schiff: The Party Is Over

Via SchiffGold.com,

As Peter Schiff put it in his podcast, if the first trading day of the fourth quarter was a sign of things to come, bulls on Wall Street are in for a rough end to the year. In fact, Peter said the party is over and you don’t want to be the last one to leave.

The Dow was down 343.7 points and the Nasdaq shed 90 on a day that started out all sunshine and roses.

For a couple of days, the economic news wasn’t quite as bad as it could have been, or maybe some of the numbers actually were a little better or beat the numbers, and I think there was some idea that, hey, maybe the economy is not as bad as some people had feared, but then reality reared its ugly head at 10 a.m. when we got the ISM Manufacturing numbers.”

Webmaster's Commentary: 

The complete disparity between how President Trump characterises this economy, vs/ the actual numbers (unless one is a developer/seller of weaponry) is getting more and more insane on a daily basis.

Oct 03 10:02

Control Frivolous Spending In 6 Easy Steps

Oct 03 08:52

Gunfights Rage as Iraq Protests Grow Nationwide

Public protests were launched nationwide over the past two days in Iraq, growing in intensity as demonstrators slam the lack of a post-war recovery from the ISIS conflict, and continued corruption woes.

While Prime Minister Abdul Mahdi confirmed the right of protesters to assemble, Iraq wasn’t just going to have public shows of dissent, so troops were out in force quickly, opening fire with live ammunition on the people, wounding hundreds.

Protesters and their supporters were armed in places as well, where security situations quickly worsened, and battles erupted. While this started in Baghdad and to the city’s immediate south, before long it was a nationwide issue.

Iraq’s government is responding as governments in the region so often have in similar situations, violent crackdowns, an indefinite curfew across Baghdad and some other cities, and cutting off more or less the entire country’s Internet access.

Webmaster's Commentary: 

One intriguing question which must be asked, right now, is: where the heck is Muqtada Al Sadr, the most powerful guy in Iraq who has no professional role in the Iraq government?!?

Well, I cannot speculate as to the "why" or "what was he thinking?!?, but the following image comes to us on 11 September, 2019, from El Monitor.

What is Muqtada al-Sadr doing in Iran?!?

The article summary can be found here: "Muqtada al-Sadr appeared in a surprising video Sept. 11. At an assembly commemorating the third Shiite Imam Hussein Ibn Ali, Sadr can be seen sitting between Iranian Supreme Leader Ayatollah Ali Khamenei and Quds Force commander Qasem Soleimani."

Muktada Al Sadr stands between Iran's Supreme Leader, Ayatollah Khamenei, and Iran's Quds Guard Commander, Quasem Soleimani.>

Is it possible that Al Sadr is using his strong position with the Iranian government, to ultimately plead for a quick conclusion to the Saudi military assaults in Yemen, and for reasonable terms here?!?

Because were I Prince bin Salman, that is what I would want immediately, and who better to send, than Al Sadr, to plead the Saudi's case before these two gentlemen?!?

Oct 03 08:51

U.S. to hit EU with tariffs of 10% on aircraft, 25% on other goods: official

The United States will impose 10% tariffs on aircraft and 25% on other industrial and agricultural products from the European Union as part of a World Trade Organization penalty award in a long-running aircraft subsidy case, an official with the U.S. Trade Representative’s office said on Wednesday.

The aircraft duty, however, will not apply to aircraft parts, the official told reporters on a conference call, sparing Airbus’ (AIR.PA) production in Alabama from higher costs, as well as Boeing Co’s (BA.N) use of European parts in its U.S. production.

Webmaster's Commentary: 

Whatever happened to "build the best product at the best price" as they key to success in commerce?

Oct 03 07:26

FaceFirst and Amazon Want To Influence Facial Recognition Laws; Motorola Joins The Push For A Surveillance State

By Aaron Kesel

FaceFirst is another company with something to lose if facial recognition regulation bans the technology. They have now entered the lobbying ring to attempt to influence laws for the Orwellian biometric technology.

Vested interests writing laws, what could go wrong? ...

Oct 03 07:16

Is this the manufacturing recession of 2019?

Oct 03 06:42

Clinton’s Reaction to Bernie’s Heart Issue Eerily Reminiscent of Gesture She Made When Gaddafi Died

Sanders, 78, was hospitalised on Wednesday after experiencing heart trouble, with doctors inserting two stents after discovering a blockage in one of his arteries.

Former First Lady and Democratic Presidential Nominee Hillary Clinton’s reaction to the news that her former Democratic rival had been hospitalised seemed oddly reminiscent of a gesture she made with her hands when Libyan leader Muammar Gaddafi was brutally beaten and murdered by anti-government militia during the NATO-backed war in Libya in 2011.

Clinton and her daughter Chelsea appeared on ABC's The View on Wednesday to promote their new book. After being cheerfully introduced, cohost Whoopi Goldberg asked Clinton about Sanders.

“So, you know you just heard about Bernie,” Goldberg said. “Yes,” Clinton answered, raising her hands in a clasping motion.

“Sending him your best,” Goldberg continued, with Clinton responding “Wish him and hope for the best. [sic]”

Webmaster's Commentary: 

SHEEEEEE'SSSSSS BAAAAAAAAAAAAAAAACK!!

Oct 03 06:34

Auto Loans Stretch To Eight Years To Accommodate Irresponsible Car Buyers

About a third of all US auto loans issued today are stretching out to seven years, according to the Wall Street Journal. By comparison, a decade ago, the seven-year loan only made up about 10% of all loans.

Why? Because that's the only type of loan increasingly more Americans can afford to amortize.

The longer loan durations are a clear sign that the American middle class is growing broker by the day, and, as we pointed out in our recent article about millennials putting items like sneakers and sweaters on installment plans, the US consumer's creeping debt burden is, among other things, the result of auto prices growing rapidly while real incomes have barely budged. It is also the result of little to no financial education piled on top of a pathological shopping addiction.

Oct 03 06:33

TSLA still the most shorted stock

Oct 03 06:33

If This Continues Stocks Will Fall In October

Oct 03 05:21

Putin Shames Greta Thunberg And Her Handlers Over Environmental Agenda

Russian President Vladimir Putin on Wednesday chided Swedish environmentalist Greta Thunberg and her adult handlers, after the 16-year-old gave an emotional speech at the UN late last month.

"Sure, Greta is kind, but emotions should not control this issue," said Putin.

"Go and explain to developing countries why they should continue living in poverty and not be like Sweden," he added, before saying that it was deplorable how some groups are using Thunberg to achieve their own goals.

In her speech last week, Thunberg lashed out at the United Nations - saying "You have stolen my dreams and my childhood with your empty words."

Webmaster's Commentary: 

Putin said this gently, and I am glad that he did say what he said in this manner.

And BTW, did you know that Putin and his ex-wife, adopted two German girls when they were very young?!? The Women in Putin's Life

I think that having been a part of raising two girls, who were 16 within a year of each other, gave Putin a knowledge and wisdom about how to speak to her address in the way he did.

OH, and BTW: this gal is an actor, and already has a page at IMBD:

Greta Thungerg

It appears that her "Save the World" tour has been orchestrated to get her involved with that, by capturing the sympathies of the "warmistas", and possibly cold hard cash for some other, more auspicious "face time" for herself..

Oct 03 05:07

We Finally Understand How Destructive Negative Interest Rates Actually Are

Submitted by Tuomas Malinen is a Chief Economist of GnS Economics and an Adjunct Professor of Economics at the University of Helsinki.

We are in the midst of a strange economic experiment. Vast quantities of negative-yielding debt are currently sloshing around the global economy. While the amount of negative-yielding bonds has dropped recently from a mind-boggling number in excess of $17 trillion, reinvigorated central bank easing across the globe ensures that this reduction is only temporary.

Webmaster's Commentary: 

The most logical thing individual consumers, with a brain, can do, is get out of as much credit card debt as is humanly possible.

And please, at the risk of sounding like a chipped CD (and as a musician and composer, I HATE when that happens!!) please have only enough money in the bank to pay the bills; keep the rest under your personal control.

Start looking at investing in silver and gold, which are, in an of themselves, mediums of financial exchange. And with the silver, you are looking for "melt value"; not numismatic value (that is a pretty, artsy-looking coin, but has no real value, other than its melt value, to most collectors.)

Learn the "little cheats" that can make a real difference in your financial stability; and I am talking about the little things which eat up money every month, and should not. "Brown bagging" it for lunch, and bringing your own coffee/ latte to the office or to the workspace?!? This is an amazing help.

Learning to "slow-cook" meats in the oven, or crock pot?!? Another way to insure your family (even if it is a family of 1), has good healthy food, and you can freeze portions of it for later.

And to our ladies and gents out there, who are still purchasing clothing with the tags "dry clean only", please STOP IT; dry cleaning is, generally, not great for the environment, and is a money hog for your budget. If you still have a lot of stuff like this, it may be time to hold a yard sale, and then, only look for those nice bits of clothing which survive washing and drying well.

Oct 03 05:00

Gold Consolidates At $1,500/oz As Stocks Fall On Fragile Global Economy Vulnerable To Shocks

Gold rises as weak U.S. data fuels global slowdown worries

Global stocks fall to lowest in month on U.S. growth worries

Dow dropped more than 800 points in 2 days — here’s what’s going on

Oct 03 04:34

FULL SHOW: Russia dumps US dollar—but for what?

Oct 03 04:33

Stock Prices Are Plunging, And Many Fear This Could Be Another “Black October” For The Stock Market

The stock market hasn’t started a quarter this badly in about a decade, and if stock prices continue to plummet it could set off a wave of panic selling unlike anything that we have seen in a very long time. Of course it wouldn’t be the first time that we have seen a major stock market crash during the month of October. If I mention “October 1929”, you immediately know what I am referring to, and the same thing is true for October 1987 and October 2008. Today, we are facing a global economic slowdown, an impeachment crisis in Washington and a rapidly escalating trade war simultaneously, and it seems like almost everyone on Wall Street is suddenly talking about “the coming recession”. In such an environment, any piece of bad news is going to push stocks lower, and that is certainly what happened on Wednesday…

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