ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jun 09 19:15

Something Huge Just Happened In Europe

Jun 09 16:04

Recyclers cringe as Southeast Asia says it's sick of the West's trash

TELOK GONG, Malaysia — Black sedans with government plates raced through a town near Malaysia’s main seaport, flashing blue sirens as they approached rogue trash dumps.

The raid, in the town of Telok Gong this week, was among the latest efforts by officials to shut down unlicensed dumps holding plastic scrap imported from the United States and other rich countries.

“Everybody knows those dumps are illegal,” said Modh Faiz Tamsir, a butcher hawking fly-covered beef in a parking lot on Telok Gong’s main drag. “We don’t like them.”

After China, once the world’s primary dumping ground, abruptly imposed restrictions on “foreign garbage” in late 2017, countries across Southeast Asia began taking in the West’s plastic waste.

Jun 09 12:25

One in seven US seniors live in poverty

Jun 09 11:25

JET FUEL AND DIESEL CAN NOW BE MADE FROM PLASTIC BAGS, WATER BOTTLES & DAILY WASTE

Researchers at Washington State University in the US melted plastic waste at high temperature with activated carbon, a processed carbon with increased surface area, to produce jet fuel.

Jun 09 09:38

“The Skid Is Everywhere”, And We Just Received More Confirmation That The Worst Is Yet To Come

All over America, large portions of our major cities are being transformed into stomach-churning cesspools of squalor. Thousands of tent cities are popping up from coast to coast as the homeless population explodes, even the New York Times admits that we are facing "the worst drug crisis in American history", there were more than 28,000 official complaints about human feces in the streets of San Francisco last year alone, and millions of rats are currently overrunning the city of Los Angeles. And yet the authorities continue to insist that the economy is in good shape and that everything is going to be just fine.

Perhaps everything may seem "just fine" if you live in a heavily sanitized wealthy suburban neighborhood and you only get your news from heavily sanitized corporate media sources, but in the real world things are getting really bad.

Jun 09 09:26

Boeing, Obama, A Gold Watch, And 346 Dead

Democrats want to make Donald Trump the issue in 2020.

If they do, they will lose again, the way they lost in 2016.

Instead, the 2020 election should be about corporate power in all of its manifestations, its hold on the culture, our country and both major political parties.

Take the case of the two Boeing 737 Max 8 airplane crashes — the Lion Air crash off the coast of Jakarta, Indonesia in October 2018 that killed all 189 on board and the Ethiopian Airlines crash in March 2019 that killed all 157 on board.

During his time as President of the United States, Barack Obama promoted the sale of Boeing planes — including the 737 Max 8 planes — around the world.

Jun 09 09:22

The Cheap Credit Trap

Jun 09 07:32

IRAN UNVEILS HOMEBUILT AIR DEFENSE MISSILE SYSTEM TO DESTROY ‘STEALTH TARGETS’ (PHOTOS, VIDEO)

SOURCE: RT
Tehran’s military displayed a brand-new indigenous air defense missile system, capable of tracking and shooting down six targets at the same time. The weapon was rolled out amid growing tensions around the Persian Gulf.
Iran unveiled its new domestically-designed air defense missile system Khordad 15 on Sunday. Equipped with long-range Sayyad 3 missiles, it can shoot down enemy jets and combat drones at a range of 120 kilometers, Defense Minister Brigadier General Amir Hatami said.

Full video of 15 khordad air defence system ( ?? ?????)pic.twitter.com/izgZKfBIBl

— ???s??? ????? (@persianintel) June 9, 2019
The complex can also track “stealth targets,” intercepting them 45 km away. Overall, the weapon can destroy six targets simultaneously, according to military officials.

Webmaster's Commentary: 

The Iranian civilian government and its military leadership, may be many things; that being said, foolish, and unprepared are not among those categories whatsoever.

They full well know, what may be in their future (a war with the US, Saudi Arabia, and Israel), and want to guard against this, by creating the best military equipment which can be created by their weaponry engineers.

So I would like to, politely and strongly caution the White House, Pentagon, and State Department, that should the US, Saudi Arabia, and Israel, mount some kind of attack against Iran, that Russia and China may well decide to join Iran in the fight.

And President Trump, no matter what verbal poison against Iran with which Bolton, Netanyahu, and Pompeo are filling your ears, there as to be another way, other than war, to achieve your geopolitical and financial goals here.

But your unilaterally pulling the US out of the P5+1, was an horrendous mistake, sir; and right now, to your utter embarrassment, the IAEA team, on the ground in Iran, are still saying, that the Iranians are complying with their side of the bargain.

Jun 08 11:12

Celebrating My Birthday With You While Talking About all the Good News

Comments at: https://twitter.com/ScottAdamsSays/status/1137358654682718208

Content:
Tariffs work!!! Hey China…ready to make a deal?
President Trump’s personality and his second term as President
How and why AI will be MORE creative than humans
There are NO wars…in the Western Hemisphere
10,000 steps per day for health…not so scientific apparently
News silo inefficiency creates income opportunities
Slippery slope of deplatforming influential conservatives
Social media company algorithms can produce political bias
A gun violence control system based on AI and algorithms

Jun 07 20:06

Stock market is making a triple top?

Jun 07 15:52

Video: Currency War Next?

Jun 07 12:28

The Fed, QE, & Why Rates Are Going To Zero

Jun 07 12:26

IBM to cut 1,700 jobs…

Jun 07 11:30

How I Use StockCharts

Jun 07 11:30

Oil Just Had Its Worst Run Since 2008

Jun 07 08:51

Gold Jumps To $1,345 Per Ounce As U.S. Only Created 75K Jobs In May – Weekly Gain Now 3%

Gold Is 3% Higher This Week As Dollar, U.S. and Global Economy Weaken

Jun 07 08:49

Putin states crisis of world economic relations

Russian President Vladimir Putin believes that the current model of world economic relations is in crisis, although the global economy has been growing in recent years.

"Formally, the recent growth of the global economy is marked by positive values: in 2011-2018, the annual growth averaged 2.8%, in recent years it was slightly more than 3%. But, in our opinion, the leaders of states, we all need to frankly admit: despite this growth, the existing model of international economic relations, unfortunately, is still in crisis," the head of state said at the plenary session of the St. Petersburg International Economic Forum (SPIEF).

Jun 07 08:46

US attempt to push Huawei from global market is the first sign of looming tech war - Putin

Russian President Vladimir Putin said US efforts to push Chinese tech giant Huawei out of the global market might be a sign that a new technological war is coming.

“Take the situation around the company Huawei, for example. There are attempts not even to challenge it, but to brazenly force it out of the global market,” Putin told the audience at the St. Petersburg International Economic Forum on Friday. “In some circles it is even called the first technological war of the coming digital era.”

Jun 07 08:20

Danish Stand on Nord Stream 2 Contradicts European Laws - Schroeder

Denmark puts at risk timely completion of the Nord Stream 2 pipeline for delivering Russian gas to Europe, and Danish policy contradicts European laws, Gerhard Schroeder, the former German chancellor and the head of Nord Stream 2 operator's board of directors, said on Friday.

"Nord Stream 2 could be put into operation in the end of the year already in order to ensure safe deliveries of natural gas to Europe. However, there is a problem. For many months already, Danish policy has been putting at risk timely completion of the project", Schroeder said at a business breakfast dedicated to Nord Stream 2, held at the St. Petersburg International Economic Forum (SPIEF).

Jun 07 08:08

UKRAINE'S NEW PRESIDENT COMMITS TO EU, NATO MEMBERSHIP

SOURCE: DW
Ukrainian President Volodymyr Zelenskiy intends to keep Ukraine "on the path of European and Euro-Atlantic integration." He also said he is ready to negotiate with Russia to end the war in Eastern Ukraine.

'Ukraine's strategic course remains unchanged'

During his visit to Brussels on Tuesday, newly elected Ukrainian President Volodymyr Zelenskiy said his country still aspires to being a member of both the European Union and the NATO military alliance and that he is open to peace talks with Russia.

European Commission President Jean-Claude Juncker and NATO Secretary-General Jens Stoltenberg had been waiting to hear the foreign policy aims of the former comedian, who was sworn in as Ukraine's president last month.

What Zelenskiy said:

His government intends to keep Ukraine "on its strategic course ... to achieve fully-fledged membership in the EU and NATO." Membership of both entities "is the priority of our foreign policy."

Webmaster's Commentary: 

Zelenskiy understands that he is walking a geopolitical tightrope, very much without a net, because his reaching out to Russia may cause NATO to spurn his desire to join it.

But IF he can work on these two objectives together, and better the lives of working Ukrainians, he will become a hero to his people; I, for one, hope that he can achieve this, and get rid of the wretched corruption, instigated and encouraged, by his predecessor, President Poroshenko (President Obama's and Victoria Nuland's "golden boy"), so that the nation can become functional again.

My fingers are crossed for this guy, that he is able to do what his country wants him to do, by "hiring" him as their President through the electoral process.

Jun 07 08:02

Brace for Impact: Italy Poised to Launch Euro Parallel Currency

A euro crisis has been brewing for years.

Eurozone officials and the ECB have long held the upper hand vs individual countries like Greece and Portugal.

However, Italy now has the upper hand, if it chooses to wage war.

Jun 07 08:02

EU representatives approve decision to prolong sanctions against Russia over Crimea

Permanent representatives of EU member states have approved the prolongations of sanctions against Moscow over Crimea’s reunification with Russia, Bloomberg reported Wednesday, citing its sources.

If the decision is finally approved by the EU, the sanctions will be effective till June 23, 2020. The sanctions were initially imposed on Russia in 2014.

Jun 07 08:00

U.S. Agriculture Secretary Perdue anxious that tariffs may interfere with ratification of USMCA

U.S. Agriculture Secretary Sonny Perdue said on Wednesday he is hopeful that the United States and Mexico can reach an accord to avoid U.S. tariffs being applied on Mexican goods over immigration.

In an interview with Bloomberg, he said he is concerned and anxious over the fact that tariffs may interfere with ratification of the United States-Mexico-Canada Agreement for trade.

Jun 07 07:04

Russia to double global food exports, ready to replace US agricultural products in China

Russian agricultural exports will continue to grow and are expected to reach $45 billion within the next five years, according to Agriculture Minister Dmitry Patrushev.

He told reporters at the St. Petersburg International Economic Forum (SPIEF): “I think we will achieve all of our goals.”

Boosting sales of agricultural products abroad is currently one of Russia’s top-priority tasks. Patrushev said that this year’s agricultural exports won’t be less than in 2018 when they reached almost $25 billion.

Jun 06 17:31

Video: Survival Lessons from the Homeless

Jun 06 16:34

ADP, Mtg purchase apps, Vehicle sales

Jun 06 16:16

Video: Booming US economy is fake news

Jun 06 13:25

Is the Tech Bubble Bursting?

Jun 06 13:18

Factory orders, Fed comments, Lumber prices

Jun 06 12:33

The Trade War Is About To Become An Economic World War III

The public enthusiasm for the trade war by elites within the Trump Administration cabinet, including Rothschild banking agent Wilber Ross, Council On Foreign Relations member Robert E. Lighthizer, Goldman Sachs member Steve Mnuchin, and Bilderberg attendee Mike Pompeo showcases a desire based on globalization to perpetuate an escalation in tensions.

Whether or not you agree with the rationalizations behind the trade war, the point is, the only people who will ultimately benefit from it are those striving for globalization.

Webmaster's Commentary: 

It is of grave concern to me, that this trade war could well devolve into a shooting war.

There's an archetypal dream, which Mike and I have, frequently; it's that one where you can see two trains, getting closer and closer together,ever more quickly, one on the wrong track, but you cannot communicate with either train's engineer to warn them, and there is a spectacular, horrific crash.

The US is headed for just such a confrontation, and very quickly; the possible "opponents" in this war, will most likely be China; Russia; Iran; North Korea, and Syria.

Look for rationing of food and materials at that point; and the possible suspension of the Constitution and the Bill of Rights, followed by a declaration of Martial Law.

After that happens, look for a reinstitution of a draft, both for our young men, and our young women.

Some may laugh at my predictions; but in looking at the state of geopolitics around the world, I am seeing all the pieces starting to come into place, which is utterly terrifying, particularly if you are a pacifist, who knows that this country is absolutely going down the wrong path, with these horrific wars.

Jun 06 12:25

Huawei Slashing "As Much As 30%" Of Orders To Key Suppliers Amidst US Product Ban

Huawei is reportedly reducing or cancelling orders to major suppliers for components that go into its smartphones and telecom equipment, following the blacklisting of its products in the U.S., according to Nikkei.

The cuts could total as much as 30% of orders and are likely a continuing sign that the U.S. crackdown on the company is hitting it where it hurts: its production and financials.

This puts Huawei at risk of losing its leading market share, as the industry approaches 5G wireless going mainstream. And the company's main competitors, Ericsson and Nokia, are likely licking their chops in close pursuit of the company's top spot.

Taiwan Semiconductor confirmed that orders from Huawei have declined since it was hit with the U.S. ban. TSMC Chairman Mark Liu said: "For us, we do see demand from Huawei decreasing but we could not tell what's the reason behind this."

Jun 06 12:16

"It's Hard To Be Optimistic" - Homeless Population Jumps In L.A. County To Nearly 59,000

A dramatic rise in homelessness has been reported in Los Angeles County -- up 12% in 2018 to over 59,000 -- is certainly an odd trend developing given "the greatest economy ever" and booming West Coast economies.

The epicenter of the homeless problem is in the city of Los Angeles, which saw a 16% jump to 36,300, the Los Angeles Homeless Services Authority (LHSA) said.

Webmaster's Commentary: 

These numbers to not auger well for "economic growth" in California and beyond.

Jun 06 12:13

Heavy Duty Truck Orders Collapse To Worst Numbers Since July 2016, Down 70% In May

Preliminary North America Class 8 net order data from ACT Research shows that the industry booked just 10,800 units in May, down 27% sequentially, but also lower by an astonishing 70% year-over-year. YTD orders are down 64% compared to the first five months of 2018.

This chart shows the stunning difference between 2018 orders (black bars) and 2019 orders (red bars).

Webmaster's Commentary: 

This, and other rather ominous economic signals, do note bode well for the economy for the rest of this year.

Jun 06 12:11

Cummings' Wife Funneled Money From Charity To For-Profit Company, Financials Reveal

The wife of House Oversight Chairman Elijah Cummings funneled hundreds of thousands of dollars from her charity into her for-profit organization, potentially deriving an "illegal private benefit" for the Washington power couple, reports the Daily Caller's Andrew Kerr.

The previously undisclosed cost-sharing arrangement between the two entities controlled by Maya Rockeymoore Cummings was detailed in audited statements obtained by Kerr.

Maya Rockeymoore Cummings’s charity, the Center for Global Policy Solutions (CGPS), paid her for-profit venture, Global Policy Solutions LLC, over $250,000 in “management fees” between 2013 and 2015, according to the charity’s audited financial statements covering those years. The management fees were paid in addition to a cost-sharing agreement where the charity pays for its share of equipment, personnel and other expenditures. -Daily Caller

Webmaster's Commentary: 

It will be interesting, if this comes to trial, to see how many of the allegations will actually"stick"; and, of course, the truly monied...rarely eat their own.

Jun 06 12:06

BIS – The Central Bank of Central Banks

Jun 06 11:47

A Third Brazilian Mine Tailings Dam Disaster Is About to Occur. The Dangers of Experimental Copper Mining in Minnesota

I plead with the readers of this column to click on the following links and read about the Vale Mining Corporation’s warning of an impending dissolution of yet another Brazilian mine tailings dam. Here is the link to the developing story.

The most important part of the report is the accompanying video which should be required viewing for every Minnesotan, every politician and every lover of drinkable water, the St Louis River, Lake Superior, the Boundary Waters Canoe Area Wilderness (BWCAW) and Canada’s Quetico Provincial Park.

In the 3½ minute video, BBC journalist David Shukman does a powerful job of telling the story about the inherent dangers of tailings lagoon dams (whether old or new) and their often-unpredictable dissolutions and massive release of poisonous chemicals into the watershed and river communities downstream.

Watch the terrifying video of the actual collapse of the 2019 disaster below

Webmaster's Commentary: 

When top of the line inspection and safety protocols are ignored, people - and the earth itself - pay the price.

Jun 06 11:41

3-Steps To Holistic Financial Wellness

Jun 06 11:40

Tulsi Gabbard Pushes No War Agenda – and the Media Is Out to Kill Her Chances

The most interesting candidate is undoubtedly Congresswoman Tulsi Gabbard, who is a fourth term Congresswoman from Hawaii, where she was born and raised. She is also the real deal on national security, having been-there and done-it through service as an officer with the Hawaiian National Guard on a combat deployment in Iraq. Though in Congress full time, she still performs her Guard duty.

Tulsi’s own military experience notwithstanding, she gives every indication of being honestly anti-war. In the speech announcing her candidacy she pledged “focus on the issue of war and peace” to “end the regime-change wars that have taken far too many lives and undermined our security by strengthening terrorist groups like Al-Qaeda.” She referred to the danger posed by blundering into a possible nuclear war and indicated her dismay over what appears to be a re-emergence of the Cold War.

Webmaster's Commentary: 

I think that I would be more willing to trust her with this country's futures than the other candidates who have announced their run, because, as a Vet, she has seen combat, and will do her level best to make sure geopolitical situations are handled respectfully, and morally; unfortunately, the US's military industrial complex will most probably have her gone, by the time the primaries are half over.

Jun 06 11:34

Iraq Daily Roundup: Turks Fire on Civilians in North; Eight Killed Across Iraq

At least eight were killed, and five were wounded in recent violence:

Relatives of a young man shot to death at his farm in Rabango, abutting the Turkish border, say that the shots were fired across the border by Turkish security forces. The man traveled with two friends to the farmland that the three of them own, when they came under fire. They may have been mistaken for smugglers or Kurdish guerrillas.

In Mergarash, three people were injured when Turkish jets bombed their farm. The victims are two brothers and their cousin. The trio also belong to the Peshmerga security forces, but that does not appear to be a factor in this attack.

Militants wounded two soldiers during an attack in Buhriz.

Webmaster's Commentary: 

I am looking at this, and shaking my head, at this insanity.

What the hell does Erdogan think he is going to get out of these battles against primarily innocent, non-combatant, more land to claim belonging to Turkey?!?

Someone needs to get to this guy, and in short order, explain the word "Optics"; and right now, the optics of this Turkish war against Iraq, are looking officially horrible.

Jun 06 11:29

Can Tesla Hold The Line?

Jun 06 11:26

US Seeks to Ensure Rare Earth Supplies From Africa in Shift Away From China – Reports

The development comes amid reports that Chinese authorities may move to restrict rare earths sales to the United States in retaliation for Washington’s increased tariffs on Chinese goods.

The Pentagon has engaged in talks with several rare earth miners around the world, including Malawi’s Mkango Resources Ltd and Burundi’s Rainbow Rare Earth Ltd, as part of plans to reduce reliance on Chinese supplies of crucial minerals, a department official was cited as saying by Reuters.

“We are looking for any source of supply outside China. We want diversity. We don’t want a single-source producer”, said Jason Nie, a material engineer with the Pentagon’s Defense Logistics Agency (DLA), on the margins of the Argus US Specialty Metals conference in Chicago.

Jun 06 11:03

IBM accused of pumping staff retirement funds into a tanking stock... IBM's to be exact

The US Supreme Court has agreed to hear a case between IBM and employees who have accused the enterprise computing giant of mishandling their retirement fund.

The top court in the nation will decide whether to uphold a lower appeals court decision (PDF) from February that ordered a trial in the class-action legal battle, brought about on behalf of staff enrolled in the IBM Employee Stock Option Plan (ESOP). Their lawsuit accuses Big Blue and its retirement plans committee of violating the US Employee Retirement Income Security Act by keeping their money invested in the IT giant's stock despite knowing the share price was overvalued and set to take a hit.

Jun 06 10:53

Trump threatens to expand tariffs on China by another $300 billion

US President Donald Trump has warned Beijing that he may hit Chinese goods with another $300 billion in tariffs if necessary, but added that he still hopes for a deal. The levies would target China's remaining exports to the US.

"Our talks with China, a lot of interesting things are happening. We'll see what happens... I could go up another at least $300 billion and I'll do that at the right time," Trump told reporters on Thursday, as cited by Reuters. The president did not elaborate on what goods could be targeted by the hikes.

However, Trump says he thinks that China and another country embroiled in a trade row with Washington, Mexico, wants to make a deal. Earlier, Trump threatened to impose a five-percent duty on all Mexican goods starting next week.

"I think China wants to make a deal and I think Mexico wants to make a deal badly," he said before boarding Air Force One on his way to France for D-Day commemorations.

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