ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Sep 20 20:40

Cash bans turn Australia into financial surveillance state

The Reserve Bank of Australia and global accounting giant KPMG are coordinating a program to turn Australia into a financial surveillance state. The Morrison government’s cashless welfare card, and draft $10,000 cash ban bill, are part of the program to force Australians into a cashless economy system that will enable the private banking cartel and government to “monitor and measure”—their words—the financial activities of every Australian.

What the banks call the 'black' economy is the normal system of trade between people with real money that worked well for thousands of years. It's black because it excludes the banker's fees.

Sep 20 20:26

Coalition endorses fascist cash ban bill—fight back!

"The Liberal-National Coalition MPs and Senators in the government endorsed the $10,000 cash ban bill in their 17 September party-room meeting; it is now likely to be introduced into Parliament this week."

This bill is now before the Australian Parliament and its bad. You can't draw any more than $10,000 in cash out of your account or be holding or paying over that amount. They want the limit to be $2000.

Sep 20 16:04

Are You Ready For Another Recession

Sep 20 13:38

Trump will meet Ukrainian leader at UN next week amid uproar over 'partisan' whistle-blower's claim POTUS tried to pressure foreign leader into prosecuting Joe Biden's son for corruption using military aid as leverage

Trump is accused of pressuring Ukraine's president to prosecute Joe Biden's son for corruption, using military aid as leverage.

The president appeared to reveal information about a whistle-blower, attacking the person as 'highly partisan,' but then said he doesn't know who it is
The inspector general for the intelligence committee determined the matter was 'urgent' when he was notified of it.

Trump's acting director of national intelligence is resisting calls by Democrats to hand over the information, as statutes generally call for,
in credible cases.

Trump lawyer Rudy Giuliani admitted during CNN interview that he asked Ukraine to investigate Joe Biden's dealings there when he was vice-president.

Sep 20 12:49

Patriots Prepare To Shock The Economic System

Sep 20 10:44

China, Russia and Iran: Basis of the New Geopolitical Order

In a recent very insightful article, analyst Alistair Crooke argued that the United States was institutionally incapable of making a substantive deal with Iran. Written before the recent removal of national security adviser John Bolton from his position, Mr Crooke argued that decades long sanctions have become a “knot” that is difficult, if not impossible, to untangle.

Sep 20 10:30

What Is Entrepreneurship?

By Doug McCullough and Brooke Medina

If you ask most people about their impression of entrepreneurship, they might use words like “small business” or “innovation” or describe it as “working for yourself.” Some may go beyond that and paint a picture of an audacious Silicon Valley founder who boldly takes risks and tirelessly overcomes challenges.

For others, an entrepreneur is a free-spirited rebel who makes his or her own way in the business world. All these things help give color to the canvas of entrepreneurship, but they don’t paint a complete picture of the thing itself.

So, what is entrepreneurship?...

Sep 20 10:24

NFLX is a must watch.

Sep 20 10:24

New World Order in Meltdown, But Russia Stronger Than Ever

by Jon Hellevig for The Saker Blog

Last week was full of portentous events. Only somebody who has not been awake for the last few years will fail to realize how these at first sight unconnected events are part of the same matrix. There was the ever louder talk in mainstream media about an approaching global recession, inverted yield curves and the negative yields, which tell us that the Western financial system is basically in coma and kept alive only by generous IV injections of central bank liquidity. By now it has dawned on people that the central bankers acting as central planners in a command economy and printing money (aka quantitative easing) to fuel asset bubbles are about to wipe off the last vestiges of what used to be a market economy.

Then we saw Trump taking new twitter swipes at China in his on-and-off “great trade deal” and the stock markets moving like a roller coaster in reaction to each new twitter salvo.

Sep 20 10:10

The Truth About Fed’s Interest Rate Cut

Sep 20 10:08

Journalists in Chinese state media to be tested on loyalty to President Xi Jinping

About 10,000 reporters and editors in Beijing are expected to take ‘pilot tests’ next month using Xuexi Qiangguo mobile app.

Nationwide exams – with sections on Xi’s political thinking and Marxism – will be held later and press cards will only be issued to those who pass

Webmaster's Commentary: 

Please do not believe, for one millisecond, that a number of powerful, corporate/politician-centric people here in the US, are not salivating, to have this same kind of "litmus test" done, to validate that everyone who calls themselves a "reporter" is completely on board with their country's leadership, even if that leadership is doing some things which will ultimately hurt that country, and greatly "injure" its economy.

I would like to politely suggest to China's President, that the citizens of the Unhinged, surveilled, State of Amerika, have a name for this kind of behaviour from alleged journalists/bloggers; this... is called "brown=nosing", and I am absolutely confident that you won't need a translator, or Chinese/English dictionary for a translation
on this, with your fine command of English.

We are often told, that truth is the first casualty of war; but before that war, truth becomes the first casualty of dictatorships, like the one you are ultimately preparing for your successor.

And I will guarantee you one thing, President Xi Jinping; when all the news comes from one dedicated source, if it is in paper format, your people will ultimately use it for wrapping fish, because they understand that the State's propaganda... and the reality of their lives, are light-years apart.

If their "sole source propaganda" comes as "readable, downloadable" from their computers, there will be systems developed, covertly, which will completely render the hard-drive unusable, so that nothing,ultimately, is saved, including, of course, blacklisted news, and party propaganda, so no one can be politically, or actually crucified, for telling the truth as they see it.

The future of your country seems to be getting slowly shaped, by something I would characterize as an "harmonic dissonance" between China's leadership and China's people; and Sir, this new decree of yours is profoundly disappointing.

Sep 20 09:43

Federal Court Rules Cops Can Steal Your Stuff and it Does NOT Violate the Constitution

By Jack Burns

The 9th Circuit Court of Appeals has upheld a ruling which declared police can constitutionally steal your possessions. Called “civil asset forfeiture,” the police are under no obligation to give the property back to you. Instead, police departments will steal your stuff, hold it in storage (accruing fees in most cases), and then sell your stuff to the highest bidder.

Police have no qualms about stealing your property, especially after you’ve been arrested for a crime. Even though every citizen is supposedly innocent until proven guilty, police will routinely confiscate, cash, guns, and real property from those who’ve been charged with a crime, even property from other members of a family living under the same roof. After all, it is difficult to prove ownership without a receipt. More sinister, however, is the fact that you need not even be accused of a crime for police to steal your stuff...

Sep 20 09:26

‘Plumbing of the U.S. Financial System’ Under Pressure; NY Fed Providing Massive Liquidity and Potentially Permanent Repo and QE

The ‘plumbing of the U.S. financial system’ is under pressure as liquidity dries up forcing New York Federal Reserve to provide massive liquidity and potentially they may be forced to move to permanent repo operations and renewed quantitative easing or QE

? The New York Fed appears to be set to do another $75 billion overnight repo operation today. It follows massive liquidity injections of the same size yesterday and on Wednesday, and $53.2 billion on Tuesday.

? The Fed is preparing a ‘temporary’ liquidity injection for a fourth straight day and there are concerns that increased signs of severe stress in the funding markets in the U.S. may force the Fed to permanently increase their reserves by electronically creating dollars in order to buy more U.S. Treasurys

Sep 20 08:10

Forward Guidance Doesn’t Meet Reality

Sep 20 07:48

The End Of The Manufacturing Recession?

Sep 20 06:30

Grade-Rigging Scandal: Baltimore Students Missed 100+ Days Of School, Failed Classes, Still Graduated

For the last several years, we have been covering the grade-changing scandal in Baltimore City Public Schools (BCPS). Administrators, teachers, and parents continue to come forward about the widespread fraud that allows children to graduate, even though they've missed school or failed classes.

Project Baltimore, who has spearheaded the investigation into BCPS fraud, has uncovered another school where students missed more than 100 days of class or failed ten courses in three years, still graduated during the 2019 school year.

?
@FOXBaltimore

City Schools CEO Dr. Sonja Santelises accuses Project Baltimore of “sensationalism” and has “violated even the lowest standard of decency.” Fox45 requested an interview with Dr. Santelises concerning the allegations; we haven’t heard back. https://foxbaltimore.com/news/project-baltimore/city-schools-ceo-issue...

Webmaster's Commentary: 

I do not expect any teacher here to get fired; I am reasonably certain that they were forced to do this by their Union Leadership, because the numbers in terms of actual class attendance and and accomplishment were so horrific.

I have every respect for the good teachers in our system; but unfortunately, the system tends to punish good teachers (remember the film, "Stand and Deliver?!?) while promoting those who do nothing, except encourage mediocrity, and bear responsibility for the innumerate; illiterate; and inability to think logically state of far too many of our high school students.

The only things for which they will be qualified, are getting hired for "Rent-a-mob" jobs, and whatever bounty of public assistance for which they may well qualify.

City Schools CEO Dr. Sonja Santelises may scream at Project Baltimore all she wants; but if the information here is true, she needs to turn in her resignation papers right now, so she can protect whatever cushy union retirement benefits are left to her.

Because the failures of this school, and broken promises to parents, and students has been a constant for some time now. The System is Broken, 2017; Angry Dad lashes out when his 12th grader tests at 4th grade mathematics

Sep 20 05:55

Whats the Reverse-repo

Sep 20 05:36

Trump Whistleblower Drama Puts Biden In The Hot Seat Over Ukraine

For days we've been treated to MSM insinuations that President Trump may have betrayed the United States after a whistleblower lodged an 'urgent' complaint about something Trump promised another world leader - the details of which the White House has refused to share.

Then, we learned it was a phone call.

Then, we learned it was several phone calls.

Now, we learn it wasn't Russia or North Korea - it was Ukraine!

Here's the scandal; It appears that Trump, may have made promises to newly minted Ukrainian President Volodymyr Zelensky - very likely involving an effort to convince Ukraine to reopen its investigation into Joe Biden and his son Hunter, after Biden strongarmed Ukraine's prior government into firing its top prosecutor - something Trump and his attorney Rudy Giuliani have pursued for months. There are also unsupported rumors that Trump threatened to withhold $250 million in aid to help Ukraine fight Russian-backed separatists.

Webmaster's Commentary: 

It is no small wonder, as events unfolded, that the Demonocrats are petrified that the Trump Russiagate story went nowhere; so IF these reports are true, it like the buzzards are well and truly coming home to roost, concerning Biden's Presidential campaign.

Tom Perez, courtesy telephone, please; Tom Perez, courtesy telephone, please

Sep 20 04:45

Will Russia Be Driven From the West?

STEPHEN F. COHEN SEPTEMBER 18, 2019
In our times, as I also pointed out two years ago, a Russia departed, or driven, from the West would likely mean “a Russia—with its vast territories, immense natural resources, world-class sciences, formidable military and nuclear power, and UN Security Council veto—allied solidly with all the other emerging powers that are not part the US-NATO Western ‘world order’ and even opposed to it. And, of course, it would drive Russia increasingly afar from the West’s liberalizing influences, back toward its more authoritarian traditions.”

Sep 19 12:15

VACCINE MANDATES FOR EVERYONE, EVERYWHERE - A GLOBALLY COORDINATED AGENDA

SOURCE: TECHNOCRACY.NEWS

Technocracy’s endgame to use its ‘science of social engineering’ for the sake of total social control includes the entire field of healthcare, including globally mandated vaccines. ? TN Editor

In the United States, those who are vaccine risk-aware have much to be concerned about right now. More and more states—and many legislators from both political parties—are displaying a willingness to impose heavy-handed vaccine mandates that trample on religious, parental and human rights—including the precious right to “security of person” guaranteed by Article 3 of the Universal Declaration of Human Rights.

What some Americans may not realize is that the current push for mandates is playing out not just in the U.S. but in other countries as well, reflecting a broader—and indeed, global—agenda.

Webmaster's Commentary: 

I would ask all of you who are parents, when your doctor's secretary tries to line up a series of vaccination appointments for your kid, ask, please, where they can find exactly the information on that vaccine which every doctor gets, either as an insert, or on the package per se.

Both the pharmaceutical houses, and the doctors who prescribe these drugs, should give you every right to know what is in it, and what the side effects can be.

Sep 19 11:37

We Don’t Have a Real Market for Health Care in the U.S.

By Robert E. Wright

In some circles, deregulation got a bad name due to the Panic of 2008. It shouldn’t have as the causes of the subprime mortgage crisis ran deep, but ultimately dumb bureaucratic incentives rather than partially deregulated markets precipitated the panic.

Deregulation of alcohol production showed what entrepreneurs can achieve, if only allowed the chance. So, too, did deregulation of the airline industry in 1978. Flying today sucks, but without those reforms, flying would still suck and coach seats would cost $1,000 or more on major domestic routes. And you would see a lot more out-of-state license plates on our already overcrowded interstates.

Why, then, does the federal government simply not deregulate health care and health insurance?...

Sep 19 08:50

Zoning Laws Hurt the Poor the Most

Sep 19 08:41

California Is Trying to Roll Back the Gig Economy but “Natural Liberty” Will Prevail

By Barry Brownstein

More than 20 years ago, Dan Pink, former chief speechwriter for Vice President Al Gore, foresaw the gig economy. In a 1997 essay, “Free Agent Nation,” for the then-fledgling magazine Fast Company, Pink estimated “more than 16% of the American workforce” were free agents—”people who move from project to project and who work on their own, sometimes for months, sometimes for days.” Today, Pink’s free agents are called gig workers.

California’s New Law Restricting the Gig Economy

By 2017, Brittany Hunter reports, the gig economy had more than doubled, representing over 35 percent of the workforce. By 2020, estimates suggest the number in the gig economy will grow to 43 percent...

Sep 19 06:32

About That Booming Economy

Sep 19 06:13

Kamala Harris Would Secure Victory with Big Tech’s Green Card Giveaway

Lee and Harris’s legislation will ensure outsourcing firms such as Cognizant and Infosys, as well as Big Tech conglomerates like Amazon and Facebook, have a green card system where only temporary foreign workers on H-1B visas are able to obtain employment visas by creating a backlog of seven to eight years for all foreign nationals. This process would solidify that employment-based green cards only go to temporary foreign visa workers who have been imported to the U.S. by corporations to replace American workers.

Sep 19 06:01

GOP Senate Plans Vote to Outsource College Graduate America

Investors are rushing a bill through the GOP-run Senate that would reward Indian college graduates for taking U.S. college-level jobs at low wages from young American graduates.

Utah GOP Sen. Mike Lee will ask the Senate on Thursday to approve his Indian outsourcing bill via “Unanimous Consent.” If no Senator objects, the radical bill will be considered to have passed the Senate.

A similar bill has already passed the House, numbered HR.1044, with the aid of 140 GOP votes.

Both bills are backed by India’s government that wishes to grow its economy by exporting more workers into jobs in the United States, Europe, and the Middle East. The Lee/Harris bill would encourage this outsourcing by rewarding at least 100,000 Indian workers and spouses with green cards each year, up from the current “country cap” award of 20,000 green cards to Indians.

Sep 19 05:53

Kamala Harris Would Secure Victory with Big Tech’s Green Card Giveaway

Sen. Kamala Harris (D-CA), running for the 2020 Democrat presidential nomination, would secure a major legislative victory should Senate Republicans help pass a green card giveaway plan for the nation’s largest tech corporations.
This week, Sen. Mike Lee (R-UT) and Harris are looking to pass S. 386, legislation that would allow Indian nationals to effectively monopolize the U.S. green card system for at least ten years, providing a constant stream of foreign workers that American professionals will be forced to compete against for white-collar jobs.

Sep 19 04:26

Rothschild Emerges From The Shadows For The Centenary Of The London Gold Fixing

Submitted by Ronan Manly, BullionStar.com

This month in London marks the 100th anniversary of the first “London Gold Fixing”, the infamous daily meeting of a secretive cartel of bullion banks which has met since 1919 to set benchmark gold prices used throughout the international gold market, a meeting which continues to this day through its thinly disguised successor, the LBMA Gold Price auction.

London gold price benchmarks are critically important to the global gold market because they are used as a valuation source for everything from ISDA gold interest rate swap contracts to gold-backed Exchange Traded Funds (ETFs), and everything from OTC gold contracts to transaction reference prices used by physical bullion dealers when purchasing gold bars and gold coins from refineries and suppliers.

Webmaster's Commentary: 

A very interesting article appeared, as a cumulative story, on gold manipulation, on 6 May of this year from Forbes, which talks about gold manipulation in depth, and can be found here:

Yes, gold is being manipulated; but to what percent?!?

Sep 18 13:08

NETANYAHU CANCELS UN GENERAL ASSEMBLY APPEARANCE OVER ELECTION RESULTS

There will be no speech by Prime Minister Benjamin Netanyahu at the UN General Assembly that opens next week, as Tuesday’s inconclusive election results has forced him to cancel plans to fly to New York, address the world body, and meet US President Donald Trump.

Instead, Netanyahu will be in the thick of coalition negotiations. This will be the first time in nine years that he will not address the parley. Foreign Minister Israel Katz will do so instead.

According to the UN schedule, Netanyahu was listed as the 12th speaker on September 26, the third and final day of speeches by world leaders. He was scheduled to come to the podium to speak just three slots after Palestinian Authority President Mahmoud Abbas.

Webmaster's Commentary: 

Whatever else is happening, Netanyahu can be counted upon to do everything humanly possible to hang on to whatever power he may be able cling to, through creating coalitions, and presenting himself, as the only viable principal who can make things happen; the rest of the world (including a UN he disregards entirely, and for which he has contempt in the extreme)can go hang!!

Sep 18 12:54

Investors Are Really Scared: Lior Gantz

Sep 18 12:35

Stunning Consensus Emerges: Fed May Announce Launch Of QE In Just A Few Hours

It was back on August 6, in an article titled "Forget China, The Fed Has A Much Bigger Problem On Its Hands", where we explained why in response to the coming dollar funding shortage and liquidity crunch (we warned about this month's repo crash over a month ago), we first said that Fed will likely resume QE as soon as the fourth quarter. Needless to say, with the Fed having only just cut rates for the first time in over a decade just a week earlier, others looked at us funny, even though just two days later we got the clearest sign yet that the Fed was indeed contemplating QE when we described a very odd email we received from a Fed researcher in "When You Get An Email Like This From The Fed, It May Be Time To Panic."

In any event, virtually no 'serious' Wall Street analyst predicted that QE would be on traders lips in the immediate future, and certainly nobody predicted the coming "dollar funding storm", which we warned readers about just last Friday.

Sep 18 09:43

Markets That Live by the Fed, Die by the Fed

Sep 18 09:39

Only the Coalition of the Foolish Wants a War With Iran

If you want to identify the most reckless powers in our world today, look no further than Israel, Saudi Arabia, the United Arab Emirates, and the United States of America.

byVijay PrashadThe reaction from Iran has been calm. The government in Tehran has decided not to cower beneath the storm clouds from Washington. It threatens Canada with its own sanctions if the Canadians do not release seized Iranian assets. An oil tanker that was carrying diesel to the United Arab Emirates has been seized by the Iranians on the grounds of smuggling. Iran’s President Hassan Rouhani told the Syria Summit in Ankara, Turkey, that there can be no stability in Syria as long as U.S. troops remain there. Iran refuses to blink. It has taken the position that it must stand strong and call the U.S. bluff.

This is a dangerous bluff.

But it is also a calculated one.

Sep 18 09:36

This Wasn’t How Trump’s War on Iran Was Supposed to Go

The U.S. thought it was cleverly choking the regime, but now it's clear that 'maximum pressure' goes both ways.
The Saturday attack on Saudi oil facilities, which took 5.7 million barrels of oil per day offline, is the escalation that wasn’t supposed to happen. Now that it has happened, we enter perilous new terrain.
In the meantime, Trump is in a tight spot of his own making, with neither escalation nor retrenchment looking to be attractive options. The president may have outsmarted himself this time.
The whole drama, in a nutshell, is just the old-fashioned hubris of the imperial power, issuing its edicts, and genuinely surprised when it encounters resistance, even though such resistance confirms for the wunderkinds their view of the enemy’s malevolence.

Is Trump trapped? That is the question of the hour.

Sep 18 09:31

11Ys later

Sep 18 08:41

The Four Dynamics of Bubbles

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