ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Feb 23 18:21

Literal most valuable reason TO YOU for .01% arrests: Govt ‘invests’ tens of trillions for ‘pension funds’ worth ~$600,000 per US household while taxing you for 95% of pension costs, paying Wall Street ‘advisors’ twice the pensions’ net income!

*hyperlinks/videos live at source*

In fields of specialized knowledge, we aim to render an account that is plain and simple, yet does no violence to the difficulty of the subject, so that the uninformed reader can understand us while the expert cannot fault us. We try to keep in mind a saying attributed to Einstein—that everything must be made as simple as possible, but not one bit simpler. ~ A letter from the publisher, Time Magazine, 1962

I can lead your household to a million dollars, but I can’t make you take it, or even consider the data. But I will convey the message.

I can factually assert that I work with ~2,000 Advanced Placement Economics teachers through our discussion board, and that no colleague has ever challenged the factual accuracy of what I am about to explain and document.

Feb 23 13:01

Debt On Track To Destroy The American Middle Class

Economists report the household debt to be at its highest in decades. Yet, at the same time, we are being told that the economy is doing great. Does anyone see a serious contradiction?

In fact, the current economy only favors the wealthy owing to their flourishing financial assets such as stocks and bonds. Owing to the lack of real assets such as property and commodities, the middle and lower classes are becoming overwhelmed due to the serious consequences of the spending/debt cycle.

American consumers have a collective outstanding household debt of about $13.15 trillion of which nearly $1 trillion is the credit card debt alone, households are truly on a debt binge. These figures should be a wake-up call to all the Americans. The convulsive household debt has surpassed the bubble of 2008 and is still escalating. The economy may not be doing so great, after all.

Feb 23 12:19

What will Spiking Mortgage Rates, High Home Prices, & the New Tax Law Do to the Housing Market?

Surging home prices have primed the housing market for this.

Feb 23 12:07

Begging for bread: A Greek family under austerity

Like 20 percent of Greeks, Iliodoros and Ioanna Filios cannot find work in the country's austerity-ravaged economy.

Feb 23 11:54

Financial Chaos has Arrived

Feb 23 11:35

Walmart is putting even more robots in its stores

For the past three years, the company has been testing shelf-scanning robots in some stores in Arkansas, Pennsylvania and California. The machines, which move up and down aisles, look for out-of-stock items and products that are mislabeled or incorrectly priced. They then flag these issues to store workers.

On Thursday, Walmart (WMT) said it will expand the test to 50 stores. The bots are set to arrive in places like El Paso, Jacksonville and Fort Worth by the end of January.

The company has been careful to pitch the robots as machinery to help staffers, not replace them.

Feb 23 10:40

Dow Jones Tanks As Silver Market Price Bottoming

During the last 90 minutes of trading on Wednesday, the Dow Jones Index tanked by 400 points. Supposedly, the steep selloff had something to do with the release of the Fed minutes. However, today, the market has reversed once again and is up by 200 points. Unfortunately for mainstream investors, it doesn’t matter what the Fed or Wall Street have to say; the broader markets will continue to fall precipitously over the next few years.

Interestingly, as the indicators point to extreme leverage in the markets, the opposite is true for the silver price. In my newest YouTube video, I discuss the different fundamental market indicators for the Dow Jones Index, the oil, gold, and silver price. While the Dow Jones Index and oil price are closer to a top, the silver price is reaching a bottom.

Feb 23 10:05

Rising Interest Rates

Feb 23 09:31

THE ROTHSCHILD ORGAN AND OCTOPUTIN - PROJECTION OR ENVY?

At least 26% of the British Economist is owned by the Rothschild family. Lynn Forester de Rothschild and her spouse Evelyn de Rothschild are sitting on the board of the Economist Group. Is the publishing of the Putin squid by the Rothschild organ some kind of psychological projection? Or is it envy?

Feb 23 09:25

Hackers stole more Social Security numbers than credit card numbers last year - looting $16.8 billion

Hackers stole more Social Security numbers than credit card numbers last year despite efforts to tame rampant identity fraud, according to a report.

In 2017 the number of people affected by fraud in the US rose eight percent to 16.7 million, with hackers successfully swiping another 1.3 million victims and stealing $16.8 billion from accounts.

Javelin, the firm behind the new report, warned identity theft is happening more online and less in physical communal spaces.

Feb 23 07:24

America: The Future Looks Broke

Feb 22 13:27

As The Old Economic System Breaks Down, A New One Is Born From The Ashes

We are now seeing another glitch or something completely different in regards to the exchanges for cryptocurrency. This latest alleged glitch allowed traders to purchase 20 Trillion In Bitcoin for Free. Existing home sales crash along with mortgage applications.

Feb 22 12:36

The Calm Before The Inflationary Storm

Feb 22 11:33

Why do Billionaires Keep Buying US Newspapers despite their “Terrible Future,” as Buffett Said?

Buffett’s own newspaper conglomerate announced the 2nd round of layoffs in 10 months.

Feb 22 10:37

Lavrov: US admits envoys assigned to dissuade partners from doing business with RussiaMore:http://tass.com/politics/991111

Earlier, the US Department of State spokesperson said all of its diplomatic missions abroad were tasked with talking their host countries out of business contacts with Russia.

The US State Department has acknowledged that US ambassadors around the world have instructions to talk governments out of cooperation with Russia, Foreign Minister Sergey Lavrov said after negotiations with his Slovenian counterpart Karl Erjavec on Wednesday.

"Just yesterday the US State Department spokesperson proudly said in public that all American ambassadors in all countries of the world without exception have strict instructions: to go and demand every day that certain states do not cooperate with Russia," Lavrov said.

Webmaster's Commentary: 

Absoflippinglutely unbelievable, but perfectly predictable for a country (the US government, of course) which is girding up its geopolitical, propaganda, economic, and military loins for a war against Russia, which has done utterly nothing to deserve this kind of treatment.

The Russian government meddling in the last election?!? Complete codswallop, conjured up by a desperate DNC, which never believed Hillary wouldn't be elected by the American people.

Sorry, DNC; you threw your lot in with a candidate who had more baggage than does Kim Kardashian on a photo shoot!!

Annexing Crimea after the 2014 putsch, which the US government helped orchestrate, throwing Yanukovich under the proverbial bus and annointing Poroshenko as Ukrainian president, in an election more crooked than a dog's hind leg?!?? It was Crimea, holing two referendums post-putsch,
asking their people if they wanted to stay with Ukraine, or petition the Russian Federation to become a member. Crimeans voted overwhelmingly to petition the Russian Federation, and the Russian Federation accepted the petition.

THERE WAS NO ANNEXATION, PERIOD, END OF DISCUSSION.

Feb 22 10:09

20 Companies Profiting the Most From War

Feb 22 09:51

CARACAS GOING CRYPTO-CRAZY: VENEZUELA SET TO LAUNCH SECOND DIGITAL CURRENCY

After successfully launching the ‘petro,’ Venezuela is now on its way to becoming the world’s first country with two national cryptocurrencies, reports TV news network Globovision.

The channel quotes Venezuela’s President Nicolas Maduro, who made the announcement during his meeting with members of the party Patria Para Todos (PPT). The new virtual token, dubbed ‘petro oro’, will be backed by precious metals. The launch of the new cryptocurrency is scheduled for the next week.

“I do not want to rush things, but we have a surprise regarding the petro and the gold, which will have the same dimension as it has been related to oil, but it is the theme of next week,” the TV channel quotes the Venezuelan president as saying.

Earlier this week, the country launched the petro – the world’s first national digital currency, which is backed by the country’s energy reserves. At the pre-sale, the oil-backed cryptocurrency managed to raise $735 million.

Webmaster's Commentary: 

"Backed by precious metals, while the US dollar is backed by absolutely NOTHING?!?!? INVADE!!! - Official White House Souse

Feb 22 09:48

THE MILITARY WANTS GENETICALLY-MODIFIED SEA CREATURES TO SNITCH ON ENEMY SHIPS

The US military wants to enlist fish and other sea life to help it track enemy warships and submarines at sea. The Persistent Aquatic Living Sensors program could also modify existing species to make them better underwater spies, an effort that would face stiff opposition from environmental groups.

he Defense Advanced Research Projects Agency, the Pentagon’s blue-sky research and development wing, announced the PALS earlier this month. The program "will study natural and modified organisms to determine which ones could best support sensor systems that detect the movement of manned and unmanned underwater vehicles," DARPA stated on its website.

Webmaster's Commentary: 

DNA is the fundamental building block of life; tamper with that too intensely, and we may well find this planet uninhabitable.</strong>

Feb 21 14:46

HOW MUCH MONEY IS THE U.S. GOVERNMENT MAKING BY KEEPING CANNABIS ILLEGAL?

Marijuana has only been illegal for about 1% of its entire history. Unfortunately, it comprises the last 100 years or so and the American Government, along with many others around the world, continues to resist calls to remove cannabis from the list of controlled substances under the 1970 act.

Feb 21 13:24

Which States Are Growing Fastest?

Feb 21 12:27

Existing Home Sales Extend Plunge, Biggest Annual Drop Since 2014

After new- and existing-home sales tumbled in December, expectations were for a modest 0.5% rebound in January (despite plunging mortgage applications and soaring rates). But that did not happen as existing home sales tumbled 3.2% MoM to its lowest level since Aug 2016.

Feb 21 12:26

Fed President Sounds Panic Over Level Of US Debt

Nearly a decade after the US unleashed its biggest debt-issuance binge in history, doubling the US debt from $10 trillion to $20 trillion under president Obama, which was only made possible thanks to the Fed's monetization of $4 trillion in deficits (and debt issuance), the Fed is starting to get nervous about the (un)sustainability of the US debt.

The Federal Reserve should continue to raise U.S. interest rates this year in response to faster economic growth fueled by recent tax cuts as well as a stronger global economy, Dallas Federal Reserve Bank President Robert Kaplan said on Wednesday.

"I believe the Federal Reserve should be gradually and patiently raising the federal funds rate during 2018," Kaplan said in an essay updating his views on the economic and policy outlook.

Feb 21 11:39

A Hidden Volcano Of Debt

Feb 21 11:10

US Treasury Posts Gigantic $1.16 Trillion Shortfall in Fiscal 2017, Hilariously Points out “Where We Are Headed”

Just add tax cuts and ballooning expenditures. The media chose to silence the report to death.  

Feb 21 10:26

One of the more important charts of 2018.

Feb 21 10:05

The End of the Great Fraud Begins Here and Now

The institutionalized fraud we are all wrestling with started in earnest in 1933-34 when Franklin Delano Roosevelt arbitrarily allowed foreign powers to presume that all our Trade Names were instead US Foreign Situs Trusts, and subject to salvage for the debts of the bankrupt United States of America, Inc.

Let's pretend you are an American race horse called "Yankee Flyer" and some sharpies decide to pretend that you are a donkey called "Yankee Flyer" instead.

Now, these same con men are responsible for caring for a donkey named "Yankee Flyer" but that doesn't imply that they actually own the donkey or the horse, either, does it?

What FDR did was make a false claim of ownership by induced assumption of both the donkey and the horse. And all he was, was a stable boy.

Feb 21 09:24

U.S., Japan, India, and Australia Join Forces Against China’s ‘Belt and Road’

The Australian Financial Review reported on Sunday that Australia, India, Japan, and the United States are considering an alliance to counter China’s growing influence—in particular, the huge “Belt and Road” trade project undertaken by China.

China’s project, variously known as “One Belt, One Road” and the “New Silk Road,” aims to recreate the legendary trade route across the Near and Far East that endured until the 15th century. The project is a source of enormous influence for China because it involves spending vast sums of money on infrastructure, offering loans to smaller nations along the route, and promising great economic benefits.

Information traffic is a major element of the 21st century incarnation of the Silk Road as well, which raises concerns about both Chinese ideological influence and Chinese censorship of the Internet.

Feb 21 09:22

Venezuela’s New Cryptocurrency Targets Chink in US Economic Armor - Expert

Venezuela’s petro cryptocurrency has become a reality. The country’s government today officially launched the presale of its own cryptocurrency, in hopes that the new digital coin will boost the Venezuelan economy.

Petro is the world's first sovereign cryptocurrency, and is also backed by Venezuela's rich oil reserves, making it particularly appealing.

Reputable Venezuelan economist José Gregorio Piña told Sputnik that petro deals a serious blow to the US' financial and economic supremacy.

He explained that cryptocurrencies allow financial transactions to bypass US-controlled financial and economic institutions, pointing out that Washington "keeps on the hook" most of the channels implementing operations with traditional currencies, including digital ones.

Feb 21 08:24

Facebook Co-Founder: The Digital Economy Is ‘Going to Continue to Destroy’ Jobs in America

Facebook co-Founder Chris Hughes said in a recent interview that the modern digital economy is “going to continue to destroy work” in America.
While speaking about the topic of universal basic income on CNBC, Facebook co-Founder Chris Hughes discussed how the digital economy is affecting the American workforce. Hughes recently published a book titled “Fair Shot: Rethinking Inequality and How We Earn” which suggests that American workers who make less than $50,000 per year should receive a government payment of $500 per month. In order to do this, Hughes suggests taxes on the wealthy be raised by 1 percent.

Feb 21 08:23

Pelosi Heckled While Criticizing Tax Cuts: ‘How Much Are You Worth Nancy?’

Tuesday in Phoenix at a town hall, House Minority Leader Nancy Pelosi (D-CA) was heckled while discussing her opposition to the Republican tax cuts.

Pelosi said, “These are kitchen table issues for many of America’s families. Most people are not in deadening poverty, but some are. Most people have to struggle to make ends —”

A woman yelled, “How much are you worth, Nancy?”

Feb 21 08:21

Exclusive — Base Politics: Infrastructure Pathway Would Reduce Deficit Without Gas Tax Hike by Auctioning Off Government Assets

The plan, which does not raise taxes or increase the deficit at all in order to pay for infrastructure, takes troubled government assets like buildings or debt and sells them off at auction to financial institutions—then turns around and spends the funds raised in the auction sales in two separate ways: Half the money would go directly into the United States Treasury to pay off part of the national debt, while the other half would be evenly distributed to infrastructure projects in the 100 poorest communities in America. Creating what’s known as a “pay-for,” a mechanism by which to fund infrastructure and deficit reduction in this way, isn’t entirely new: Ronald Reagan did something very similar back in 1986 to pay for tax cuts.

Webmaster's Commentary: 

We could make a bunch of money selling off all those hundreds of US military bases around the world!

Feb 21 08:03

London's Property Crash Has Begun

The average age of a first time mum at London’s Chelsea and Westminster hospital is 37, a statistic that tells you everything you need to know about the choices supposedly affluent city dwellers are being forced to make in the capital. For the middle classes, the cost of living in London?—?the cost of getting by?—?long ago went past insane (£17,040: the cost per year of educating a four year-old child at Thomas’s school in Fulham, not including uniform). It’s the incredible price of property, of course, that’s been the engine driving this madness, ratcheting the pressure ever higher on Londoners who don’t own a home while making very wealthy, on paper at least, those who do.

Feb 21 08:02

Top South Korean Crypto Regulator Found Dead "From Unknown Cause"

But in a shocking development that's almost guaranteed to contribute to speculation about whether any foul play was involved, the Wall Street Journal reports that one of the country's top crypto regulators was found dead Tuesday.

While some speculated that the cause of death was a heart attack, the official statement - so far - is that the cause of death remains"unknown."

Semiofficial news agency Yonhap reported that Mr. Jung was presumed to have suffered a heart attack and police had opened an investigation into the cause of death. Yonhap also reported that Mr. Jung was found at home. The government spokesman said later that “he died from some unknown cause. He passed away while he was sleeping and [his] heart [had] already stopped beating when he was found dead.”

His death comes barely a month after the country's regulators appeared to settle on a suitable regulatory framework: Crypto exchanges and banks will soon be required to collect customers' names and information.

Feb 21 08:01

Suspected Austria bitcoin fraud sparks Europe-wide probe

Authorities investigating a suspected bitcoin-related scam centred in Austria have asked Interpol to help determine whether there might be perpetrators - and victims - of the scheme across Europe.

"Hundreds" of people across Austria have complained of being defrauded by the "Optioment" scheme dealing in the digital currency, Christina Ratz, spokeswoman for the Vienna public prosecutor's office, told AFP on Thursday. Die Presse, a daily, put the number of possible victims as high as 10,000.

Two Austrians have been identified as being accused of fraud in the case, with more suspects possible as the case progresses, Ratz said.

Investors were promised returns of up to four percent per week for investing bitcoins into the opaque scheme, which initially did offer dividends before suddenly collapsing in November.

Feb 21 07:52

Putin leads Russia to export record-breaking 50 million TONS of Grain

It’s only right that the largest country in the world should also be the greatest agricultural giant.

The best soil in the world is literally a Russian word: ???????? – Chernozyom, meaning black earth, of which Russia has the largest deposits of in the world.

Feb 21 07:48

Florida Teachers' Pension Fund Is Long AR-15 Gunmaker Stock

On Tuesday afternoon, Bloomberg was surprised to learn that as it was going through the 2,416 equity investments of the Florida state pension plan, which amount to over $37 billion in market cap, it found a surprising entry: 41,129 shares in American Outdoor Brands (valued at a meager $528,000, including $306,000 in unrealized profits) according to a Dec. 31 securities filing listing the plan’s holdings. The company, formerly known as Smith & Wesson, is the market of the semiautomatic AR-15 assault rifle that was used in the Valentine's Day shooting on the Marjory Stoneman Douglas High School in Parkland, Florida.

In other words, as Bloomberg puts it, "as Florida teachers grieve over the mass shooting that left 17 students and colleagues dead last week, some of them may be surprised to learn they’ve been helping fund the firearms industry—including the company that made the gun used that bloody Wednesday."

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