ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Oct 11 04:56

Imports at Top US Container Ports Set a 2nd Record High

"When imports break records two months in a row, it’s hard to see that as anything other than a good sign about what retailers expect in consumer demand. Consumers are buying more, and everybody from dockworkers to truck drivers is trying to keep up"

(*And that manufacturing is UP everywhere else on earth , and doing well , thanks to allegedly robust US Consumer Spending !)

Oct 10 15:16

Extremes Are Everywhere

"The complete disregard for 'risk' has never worked out well for investors in the past and is unlikely to be different this time either..."

Oct 10 13:18

The Market’s Got It Wrong – Rickards

Oct 10 13:04

Is The U.S. Headed For Great Recession 2.0?

When World War One officially came to a close on November 11, 1918, it was dubbed “the war to end all wars” because of the unimaginable and unprecedented destruction and carnage. Yet just over 20 years later, World War Two erupted.

Oct 10 12:05

Sears Canada throws in the towel, seeks total liquidation

If approved, liquidation sales would begin on Oct. 19 and continue for 10 to 14 weeks

Oct 10 12:03

The Biggest Crisis In Our Lifetime?

Marc Faber, popularly known as Dr. Doom has predicted that the US stock markets could correct by as much as 30-40%. In an interview to CNBC last week, Marc Faber said, “ You don’t see it. I don’t see it and nobody sees it. That’s why people continue buying stocks. Yet something will happen one day.” Explaining what may cause the plummeting of stocks he said, “It may come from a credit event, or a disclosure of a major fraud or it may come because interest rates start to go up, although central banks remain on the dovish side. There are many small events that can trigger the decline.”The Biggest Crisis In Our Lifetime?

Oct 10 11:19

NYC Foreclosures Surge 79%; Most Since 2009

A few weeks ago we noted that New York's 'smart money' at a variety of U.S. banking institutions were tripping over each other to underwrite dividend recaps for owners of expensive commercial real estate projects just as buyers of those properties suddenly dried up completely (see: NYC Commercial Real Estate Sales Plunge Over 50% As Owners Lever Up In The Absence Of Buyers). But we're sure it was nothing...the 27-year-old analysts leading those bank deals, fully syndicated deals in which their respective employers will retain no risk by the way, probably just know more about the commercial real estate market than those who count themselves among the list of former prospective buyers.

Oct 10 11:16

End of the Line for the Middle Class

Oct 10 10:41

Wall Street Bailout: Latest Updated Report

The latest of the U.S. Government’s updates on the status of the Wall Street bailout is 151 pages long, and highlights from it will be excerpted here below.

Oct 10 09:54

Health Insurers in Florida Request Premium Rate Hikes as High as 71%

Obamacare plan premiums may increase an average of 45 percent in Florida next year due to health care insurers rate hike requests, according to Florida's Office of Insurance Regulation.

There are six insurers in Florida selling plans on and off the exchanges in 2018 including Blue Cross and Blue Shield, Celtic Insurance Company, Florida Health Care Plan, Health First Commercial Plans, Health Options, and Molina Healthcare of Florida.

Molina Healthcare requested the highest rate increase of 71.2 percent. Individuals with this coverage can expect their monthly premium to increase from $402 to $688.

Oct 10 08:10

BAE confirms it is slashing 2,000 jobs

Oct 10 05:31

The Big Amazon Subsidy is Doomed

Oct 09 17:15

How The Elite And Greedy Corporations Are Destroying Thousands Of Years Of Agriculture

The increasingly globalised industrial food system that transnational agribusiness promotes is not feeding the world and is responsible for some of the planet’s most pressing political, social and environmental crises. Localised, traditional methods of food production have given way to globalised supply chains dominated by transnational companies policies and actions which have resulted in the destruction of habitat and livelihoods and the imposition of corporate-controlled, chemical-intensive (monocrop) agriculture that weds farmers and regions to a wholly exploitative system of neoliberal globalisation.

Oct 09 13:22

The 5 Biggest Bubbles In Markets Today

Oct 09 13:00

How Big Corporations Game Our Democracy Into Their Plutocracy

A major chapter in American history – rarely taught in our schools – is how ever larger corporations have moved to game, neutralize and undermine the people’s continual efforts to protect our touted democratic society. It is a fascinating story of the relentless exercise of power conceived or seized by corporations, with the strategic guidance of corporate lawyers.

Oct 09 12:16

Spanish Government Issues Veiled Death Threat To Catalan Leader

In a quite shocking escalation of the rhetoric in Spain, a spokesman for the ruling People's Party just issued a (barely) veiled death threat to the President of Catalonia.

"Let's hope that nothing is declared tomorrow because perhaps the person who makes the decalartion will end up like the person who made the declaration 83 years ago."

Seems about as clear as it gets from Rajoy's PP to Puigdemont - Call for Independence and Die!

That does not seem to be the reconciliatory tone the market has been hoping for.

Webmaster's Commentary: 

Rajoy has just "jumped the shark" in his rhetoric; Is he actually ready to have Puigdemont assassinated?!?

And how will the Spanish people react to this?!?

I am sure, with this last salvo, Puigemont's security has been doubled or trebled.

Oct 09 11:57

How The Elite And Greedy Corporations Are Destroying Thousands Of Years Of Agriculture

The increasingly globalised industrial food system that transnational agribusiness promotes is not feeding the world and is responsible for some of the planet’s most pressing political, social and environmental crises. Localised, traditional methods of food production have given way to globalised supply chains dominated by transnational companies policies and actions which have resulted in the destruction of habitat and livelihoods and the imposition of corporate-controlled, chemical-intensive (monocrop) agriculture that weds farmers and regions to a wholly exploitative system of neoliberal globalisation.

Oct 09 09:35

Warning: Legal Racket Robs Elderly of Property and Rights

There is a racket in Nevada that is robbing the elderly not only of their property but of their rights.

People are being deemed unfit to look after themselves for superficial or trumped up reasons. Then, their guardianship is being handed over to private companies. Often these elderly folks are removed from their homes and placed into care facilities.

Their possessions are sold ostensibly so that there is enough money for them to be taken care of by their guardian. But their liquidated assets are used to fund the guardian’s fees, sometimes hundreds of dollars for a conversation.

It is all done under the pretense of protecting them.

Oct 09 09:30

MAJOR ALERT: Greyerz Warns Swiss Bank Says It Will No Longer Hand Over Clients’ Physical Gold

With continued uncertainty around the globe, today the man who has become legendary for his predictions on QE, historic moves in currencies, told King World News that a Swiss bank has said it will no longer hand over clients’ physical gold. Greyerz also issued serious warnings about many other Swiss banks.

Webmaster's Commentary: 

Oops!

Oct 09 09:00

Perth Mint Gold Coins Sales Double In September

The Perth Mint’s sales of gold products doubled in September from a month earlier, while silver sales surged 78 percent, the mint said in a blog post on its website on Tuesday.

Sales of gold coins and minted bars jumped to 46,415 ounces in September from 23,130 ounces a month ago, the mint said.

Silver sales during the month also rose to 697,849 ounces, compared with 392,091 ounces in August.

The Perth Mint refines more than 90 percent of newly-mined gold in Australia, the world’s No. 2 gold producer after China.

Oct 09 08:59

The FBI’s Hunt for Two Missing Piglets Reveals the Federal Cover-Up of Barbaric Factory Farms

This article includes graphic images some readers may find disturbing.

FBI AGENTS ARE devoting substantial resources to a multistate hunt for two baby piglets that the bureau believes are named Lucy and Ethel. The two piglets were removed over the summer from the Circle Four Farm in Utah by animal rights activists who had entered the Smithfield Foods-owned factory farm to film the brutal, torturous conditions in which the pigs are bred in order to be slaughtered.

Webmaster's Commentary: 

We need to have a national conversation about the humane raising of animals we eat, and even some big box outlets are getting the message that inhumane raising of food animals is not what consumers want.

Remember Sinclair Lewis' masterwork "The Jungle", about the horrific state of a meat packing plant, which spurred Congress to create some legislation regarding standards?!?

We seem to be right back to square one, with these horrific conditions witnessed at Springfield.

Oct 09 08:42

Relocation, relocation, relocation! The homes and tourist attractions that were purchased, packed-up and shipped overseas

If it's too much effort to cross the world to see a tourist attraction, there's always the option of moving the attraction to you.

From entire bridges to Buddhist temples and even historic Tudor mansions, a whole host of constructions have crossed oceans for a new life abroad.

Read on to learn more about these fascinating architectural relocations.

Oct 09 08:07

Crazy Time in the Casino

Oct 09 08:03

The Man Who Changed Everything

In 1913, Woodrow Wilson laid the foundation for the tyranny we are experiencing America today. He revealed his political agenda when he stated that he wanted to make the world "safe of democracy."

With Wilson's support and the treasonous actions of a handful of Senators, the Federal Reserve Act was unconstitutionally passed on Dec. 23rd, 1913. This unlawfully shifted the delegated powers of Article I, Section 8, Clause 5; "To coin Money" and "regulate the Value thereof", to a privately owned banking corporation. This Act was unconstitutional from its inception.

Another treasonous act was the fraudulent ratification of the
16th Amendment on Feb. 3rd, 1913.

Oct 08 17:52

How the Banksters Destroy Your Financial Health

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA