ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Dec 16 17:13

The Rude Awakening Of Slumbering Bulls

Dec 16 16:56

How the Fed’s Rate Hike Could Affect Consumers

it’s those with credit card debt who’ll be hit the hardest.

Dec 16 13:50

Is the U.S. Approaching Hyperinflation?

Charles Hugh Smith talks about the disparity in the government’s CPI index that states the cost of living is less than 2% per year when the reality is different.

Dec 16 11:48

Bitcoin Total Wipeout Alert

Technical analyst Clive Maund discusses why he thinks Bitcoin is about to take a dive.

Dec 16 08:28

Fed Balance Sheet RISES By $13 Billion (Needs To Come A Little Bit Closer To Their Target)

So much for The Fed balance sheet unwind.

Dec 16 08:22

EU to Crack Down on Bitcoin in Move Prevent Funding of Terrorism

The European Council and European Parliament agreed on Friday to impose stricter rules targeting exchange platforms for bitcoin and other cryptocurrencies to prevent the financing of terrorism and money laundering.

Dec 16 08:21

Black Lives Matter: Boycott White Capitalism This Christmas, ‘Just As Nefarious As White Supremacy’

Black Lives Matter is calling for a boycott of “white capitalism” this Christmas season, stating on its website, “This means no spending with White corporations.”

Anthony Ratcliff, a professor at California State University, Los Angeles, and a Black Lives Matter (BLM) leader, explained during a radio interview the purpose of “black Christmas,” Newsweek reports.

“Black Lives Matter and other organizations build a strong critique and understanding of racism and white supremacy and sexism and homophobia, transphobia, but we have to have as much hatred or vitriol against capitalism,” Ratcliff said.

“Until we start to see capitalism [is] just as nefarious as white supremacy, we will always be struggling,” Ratcliff said.

Dec 16 08:19

Iran Joins EAEU - 45 Years Of US Foreign Policy Down The Drain

Iran is joining the Eurasian Economic Union (EAEU). By early next year, February by this account, Iran will join the five founding members of the Union and open the door for Turkey to do so later in 2018.

Between this and the end of the war in Syria, it’s not hard to declare the Brzezinski Doctrine of U.S.-led Central Asian chaos as gasping its last breaths.

Iran finally joining the EAEU is a response to a number of factors, the most important of which is the continued belligerence by the U.S. Expanded economic sanctions on Iran and the EAEU’s leader Russia has created the need for greater coordination of economic and foreign policy objectives between them.

And it is creating the new realities in the region that will reshape the word for the next hundred years.

Dec 15 20:35

Confidence, and What Comes With It

Dec 15 19:07

Venezuelans seeing bitcoin boom as survival, not speculation

According to data website Coin Dance, that’s far higher than the value of bitcoin transactions on the same website seen in more prosperous nations across the region, including Argentina, Brazil and Chile.

Dec 15 17:24

Three Charts And The Path To Hyper-Monetization

Just three charts putting things in perspective...

Dec 15 15:25

Top trader: Why the dollar is headed lower

Dec 15 13:04

Eighty homeless people died on Portland streets in 2016: Report

Eighty homeless people have died on the streets in the Portland last year, adding to more than 350 people who have disappeared while homeless in the past six years.

The number marks a 70 percent increase in homeless deaths in Multnomah County, home to Portland, local authorities said Thursday.

This is since officials first began tracking the homeless in 2011 and is in line with similar significant increase in homeless deaths in other large West Coast cities where the homelessness has surged.

The annual report is used as a barometer to track the city’s progress addressing a crisis that has also overwhelmed cities from Seattle to San Diego.

In Seattle, a similar count found 91 homeless people died in 2016 and 115 perished in San Diego. In Sacramento County, that number was 71 people. In Santa Clara County, 132 homeless people died in 2016 — a 164 percent increase since 2011, according to data from county medical examiners in those counties.

Webmaster's Commentary: 

This should be completely unacceptable to every state and Federal legislator; and yet, all they seem to be able to do, if they cannot sweep it "under the proverbial rug", is just run the homeless out of one place, and into another.

That is not resolving the problem, just giving it another demographic in which to flourish, and expand.

Dec 15 12:23

Who Ya Gonna Fight? Landmark Treaty Signed To Create EU Army

EU leaders formerly endorsed the harmless sounding Permanent Structured Cooperation, or PESCO, pact on Thursday evening in Brussels. After the shock of Brexit, the goal of defence integration was revived by former military foes, Germany and France, supported by Italy and Spain, in a show of EU unity. A similar proposal was blocked by the French parliament in the 1950s (see below). Now a treaty has been signed which sees the defence union complete by 2025 in what has been described as “one of the most tangible steps in EU integration since Brexit”.

Britain, thanks to Brexit, Malta and Denmark, which has an “opt out” on EU defence issues did not sign the agreement. Standing in the front row on the left of the group photo was the President of the undemocratic European Commission, Jean Claude Juncker, who has been calling for an EU army for many years. In 2015, The Guardian reported.

Webmaster's Commentary: 

Russia a threat?!?

All it wants to do, is have its corporations make money, and take care of its people! How in the name of Sam Hill can that be construed as a "threat"?!?!?

Dec 15 11:25

The Dumbing Down of America – By Design

The most obvious example of how Americans have been dumbed down is through this nation’s failed public education system. At one time not that long ago America reigned supreme as a leading model for the rest of the world providing the best quality free public K-12 education system on the planet. But over the last many decades while much of the rest of the world has been passing us by, it seems an insidious federal agenda has been implemented to condition and brainwash a population of mindless, robotic citizenry that simply does what it’s told, and of course the brainwashing commences early in America’s schools.

Webmaster's Commentary: 

I do marketing for a living; and it is frightening to listen to people who may well have a high school education, and diploma, but appear to have learned nothing from it, during the time they were in school.

I was very lucky to have come from a very ordinary middle class background, but the importance of language, critical thinking, and education, were very strongly impressed upon me.

Parents today need to embrace those values, because it is not just the schools which have the responsibility to teach our young; it is definitely the parents as well.

My brother and sister-in-law were very smart about how they raised their two girls; there was a lot of focus on homework, and accomplishing their tasks. And when my sister-in-law went back for her Masters in nursing, all three would gather around the dining room table to study.

Both young women now have excellent careers, and are very accomplished sweet, whole, self-realized adults.

Dec 15 09:31

The Bitcoin Story

Dec 15 09:16

NEW CITY ORDINANCE OUTLAWS GIVING MONEY TO PANHANDLERS, VIOLATORS WILL BE FINED & JAILED

Wichita used to be known as “Cowtown” because of its cattle trade but now if people stop and give something as small as a cheeseburger to a homeless person they run the risk going to jail and paying a $500 fine. The ordinance was recently approved by the city council and now complicates matters for both panhandlers and philanthropic citizens alike.

Beat downs and arrests by police are, unfortunately, becoming a larger and larger part of the homeless culture. Not only do police regularly harass the homeless but TFTP has reported on incidents in which officers have confiscated blankets and tentsfrom homeless people in the middle of the winter.

Whether the dehumanization is to make way for the up and coming comic book festival or just a run of the mill sadistic police gang murder, homeless folks in the US are finding themselves in an increasingly hostile police state.

Webmaster's Commentary: 

The criminalization of homelessness continues apace in this country.

Dec 15 08:30

REPORT: RICH TO GET STILL RICHER AS WORLD INEQUALITY GROWS

Global inequality has stabilized at high levels in recent years, a report said Friday, despite gains among the poor in China and much milder disparities in incomes and wealth in Western Europe.

The World Inequality Report 2018 is based on a massive, interactive collection of data compiled by an international team of researchers that includes renowned economists Thomas Piketty and Emmanuel Saez.

It shows inequality has soared since 1980 although the global top “1 percent” saw their share of global income slip slightly after the 2008 financial crisis, to just above 20 percent. At the same time, the share of global income going to the bottom 50 percent rose slightly, to just under 10 percent, thanks to gains in populous, fast-growing China and India.

Webmaster's Commentary: 

Mike and I consistently advocate for completely peaceful protests, as are protected under the Constitution and Bill of Rights; anything else in this country will cause the American Deep State to respond with removal of said protesters with extreme, and lethal, prejudice.

And I am talking about assassinations of unarmed citizens: yes, the American government will do this.

Dec 15 08:29

Nobel Laureate 'Discovers' Cause Of Opioid Crisis: Complete Economic Destruction Of The "White Working Class"

For several decades now the American Midwest has suffered from unprecedented economic decay courtesy of a persistent outsourcing of manufacturing jobs in the automotive and steel industries, among others. As we've noted frequently, that economic decay has resulted in a devastating surge in opioid overdoses that claim the lives of 100s of people each year.

Of course, many attribute Trump's staggering victories in states like Michigan, Wisconsin, Ohio and Pennsylvania to his efforts to tap into the frustration of the dispossessed Midwest masses by promising a rebirth of the manufacturing economy that once provided them a solid middle-class lifestyle.

That said, no economic crisis is truly "discovered" until an Ivy League, Nobel-prize-winning economist says it is. As such, we present to you the intriguing findings of Nobel Laureate Angus Deaton who said he was "looking for something else" when he noticed a staggering increase in white mortality rates for people aged 50-54.

Dec 15 07:47

World's Second Largest Clothing Retailer Crashes Most In 16 Years

H&M's shares crashed 15% - the biggest intraday drop since Sept 11 - as the company reported only its third quarterly sales decline in a decade.

Dec 14 23:22

Crypto: The End of Freedom!

Cryptocurrency will make a huge number of people fabulously rich, whilst choking the life out of the human race.

Dec 14 15:19

CUTTING THE CRAP: how and why banks and government are preparing to save themselves with your money.

In the UK, the eurozone, the Middle East and Asia, it is Game On for restricting bank withdrawals by customers, sorry, creditors…..hahaha, silly me.

Dec 14 13:13

Central Bank Warns Of Economic Collapse

Dec 14 12:48

China is about to shock the gold market

Dec 14 11:44

Look, Mom, No Hands!

Dec 14 11:15

Iran Air says it may finance deal for 80 Boeing jets with domestic backers or even Boeing

Iran Air is considering domestic financing to help pay for its blockbuster jet purchases from Boeing and Airbus, two Iranian newspapers reported Wednesday.

Dec 14 10:10

Sweden Poised to Raise Retirement Age Amidst Migrant-Driven Population Growth

Six out of Sweden’s eight parliamentary parties are now in agreement that the national age of retirement is to be raised from 61 to 64 years. This comes against the backdrop of a recent report from the Swedish Association of Local Authorities and Regions (SKL).

Dec 14 10:09

The COMPLETE FAILURE of the Financial System! Has the Fed Lost Control?

What’s happening to this system when the average person is priced out of much of the things they desire. Disposable income has become whatever credit they have available. It’s all smoke and mirrors.

Dec 14 08:52

China Regulators Complete Final 'Drill' In Preparation For Petro-Yuan Futures Trading

Amid all the chatter of Venezuela and Russia potentially creating oil-backed cryptocurrencies, the "huge news" of China's launch of the Petro-Yuan has fallen off the front page... until now.

This week saw the Shanghai Futures Exchange complete its fifth yuan-back oil futures contract trading drill successfully...

As Bloomberg reports, 149 members of Shanghai International Energy Exchange traded 647,930 lots in the drill with total value of 268.2b yuan, according to a statement from the exchange, which added that the system basically met the listing requirements of crude futures after the drill.

Dec 14 07:58

The gas that came in from the cold: Britain turns to sanctioned Russian energy to avoid big freeze

With gas supplies crippled amid a freezing winter by the shutdown of a major pipeline, the UK has apparently turned to a Russian project targeted by US sanctions, with reports indicating that a deal was struck for a shipment of gas by the end of December.

Some 170,000 cubic meters of liquefied natural gas (LNG) carried by the Christophe de Margerie ice-class tanker, the first vessel of the Novatek-operated Yamal project in the Arctic, has been bought by a British energy company. It is now heading to the Isle of Grain terminal in the UK, the Telegraph reported.

One of the largest Russian natural gas producers, Novatek, revealed Monday that the cargo was sold to Petronas LNG UK Limited (PLUK), the UK branch of Malaysia's Petronas.

Dec 14 07:50

Hidden Figures: Despite Falling Unemployment in the UK, Poverty High and Rising

Official British government figures reveal a drop in the number of people out of work but the cost of living is not matched by earnings. This price gap exposes the reality for many people for whom poverty is a reality and political rhetoric is just cheap talk.

Dec 14 07:49

Germany Owes Greece €185 Billion In WWII Reparations, Say German Researchers

Does Germany owe Greeks billions of euros in World War II reparations for the damages and the enforced loan during the occupation of the country by the Nazis? So far, Berlin has vehemently rejected any Greek claims.

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