ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Oct 19 17:57

A 52-“Weak” High For Stocks?

While the S&P 500 his on an impressive string of new highs, a number of them have come on questionable breadth.

Oct 19 15:16

Growing Debt: India and China

Oct 19 14:43

EDGE OF THE CLIFF

Oct 19 13:24

The GAME CHANGER for Gold

Oct 19 13:06

Very Long Term Gold Chart Priced In Dollars

Oct 19 12:06

Ray Dalio’s Shorting The Entire EU

Oct 19 11:40

How This Bull Market Ends

Oct 19 10:37

Why it’s time to buy Russian stocks

Oct 19 10:22

GDP Is Bogus: Here's Why

Oct 19 09:33

Barzani's Failed Kurdistan Project: A Deathblow To The Partition Of Iraq And Syria

The project to divide Iraq was dealt a deathblow by a decision of the Iraqi Prime Minister Haider Abadi to send the Army and the security forces to recover all Iraqi territories controlled by the Kurds of Massoud Barzani. The Kurdish leader was riding the horse of Iraqi partition (in fact, a lame horse) to establish a Kurdish state in the northern part of the country. Following the failure of Barzani’s project in taking advantage of the fight against ISIS and therefore declaring his “state”, every country in the Middle East is abandoning him because no one likes to be associated with failure.

Barzani sent envoys (I personally met some) around the globe who returned with apparently promising results: “over 80 countries promised to recognise the new State of Kurdistan”. These promises turned out to be false (“no friends but the mountains”), other (existing) political alliances turned out to be stronger and Barzani was left alone with his empty promises and unreliable advisers.

Oct 19 09:33

"It's An Utter Mess" - Paul Craig Roberts Warns The Biggest Danger To Stocks Is The Dollar

Former Assistant Treasury Secretary in the Reagan Administration, Dr. Paul Craig Roberts, says the record highs you see in the stock markets are based on “phony profits” that come from global central banks “propping up” the financial system.

Oct 19 09:21

BofA Lists 10 Triggers For The Next Crash: "It's Coming Between Thanksgiving And Valentine's Day"

Back in mid-July, BofA's chief investment strategist Michael Hartnett predicted that the "most dangerous moment for market will come in 3 or 4 months." Well, we are now "between 3 and 4" months since that particular forecast was made, and the "most dangerous moment" we have experienced since, ironically, has been today's modest selloff on the 30 year anniversary of Black Monday. So looking back at his forecast, has Hartnett thrown in the towel on calls for a correction, and joined all the other BTFDers? Not quite: instead, Hartnett's thesis has merely shifted, and he now contends that having entered the market's melt up somewhat late, a bubble which as shown before has unleashed raging purchases of tech stocks and credit, especially junk bonds.

Webmaster's Commentary: 

IF Harknett's analysis proves true... watch for the next major wars to be generated by the United States government to begin in approximately this same time frame also.

We're just about 6 weeks away from Thanksgiving right now........

Oct 19 08:40

Trey Gowdy Laughs as He Reveals the Country is COMPLETELY SCREWED Financially!

Oct 19 08:25

Norwegian Firm Signs $2.9bn Solar Deal with Iran

Norway’s Saga Energy has signed a 2.5 billion-euro ($2.94 billion) deal to build solar power plants in Iran, the company said.

Saga inked the preliminary agreement with Iran’s state-owned Amin Energy Developers on Tuesday.

The deal would see the construction over a four- to five-year period of 2 gigawatts of power generation capacity, Saga Energy spokesman Rune Haaland said, Reuters reported on Wednesday.

The company will rely on banks, pension funds and Norwegian state export guarantees to fund the plan, and aims to recoup its investment through a 25-year deal on electricity prices, he added.

Oct 19 08:10

Strangely enough, Vanuatu proves why Bitcoin can never be banned

Vanuatu is one of several nations that offers citizenship to foreigners in exchange for making an ‘investment’ in the country.

Malta. Cyprus. Saint Kitts & Nevis. Etc. These countries all offer what are known as ‘citizenship by investment’ programs.

(And dozens of countries, including the United States, offer ‘residency by investment’ programs, where foreigners receive legal residency in exchange for an investment.)

As I’ve written before, however, sometimes these programs would be more accurately described as ‘citizenship-by-donation’.

Because, in many cases, you’re not really making an investment. You’re just writing a big check to the government.

Oct 19 07:57

THE PROBLEM COULDN’T BE CLEARER

Oct 19 07:51

USA will perish if China turns to European Union

"I believe that all those American sanctions against Russia do not actually target Russia, even though it may sound strange. Let's assume that all the sanctions that were allegedly imposed on Russia under the pretexts of the Crimea and the Donbass, are primarily aimed against the European Union and the countries that cooperate with it closely. Those sanctions are important for the Americans. First of all, it is the EU that poses the biggest potential threat for the United States within the scope of the current production system, when the design bureau is in the United States of America, and the factory is in the People's Republic of China. If the Chinese switch to cooperation with European developers, the Americans will have to pay the full price for what they receive from China. Today, the Americans receive royalties from the Chinese for the right to produce what the Americans develop, and these royalties cover almost the entire cost of Chinese supplies to the United States.

Oct 19 07:33

Spain and Catalonia set for showdown over independence bid

Catalonia is facing an unprecedented move by Madrid to seek a suspension of the region's autonomy this morning, unless separatist leader Carles Puigdemont abandons his bid for independence

Mr Puigdemont, who sparked Spain's worst political crisis in decades by holding a banned independence referendum on October 1, has been ordered by Madrid to say by 10.00 am (9am BST) whether or not he is unilaterally declaring a split from Spain.

The government of Prime Minister Mariano Rajoy says it will trigger Article 155 of Spain's constitution - a measure that would allow it to start imposing direct rule over semi-autonomous Catalonia - unless Mr Puigdemont backs down.

Webmaster's Commentary: 

Spanish Prime Minister Mariano Rajoy is settng the stage for a second Spanish civil war.

I very seriously doubt that Mr Puigdemont, and his brother and sister Catalonians, are going to back down here, and things could get very brutal, with a Spanish introduction of complete martial law in the area.

Oct 18 18:13

Why This Market Ride Is Almost Over

Oct 18 17:51

The Arc of the Moral Universe

This next bubble and crash cycle is going to put a tear in the social fabric, and may even leave a mark.   The natives are clearly getting restless and their sahibs may be in danger of losing control.

Oct 18 16:39

DE-LEVERAGE your finances or lose everything!

Oct 18 15:53

DE-LEVERAGE your finances or lose everything!

Oct 18 15:05

Bubble-nomics

Oct 18 13:07

Silver Bullion Prices Set to Soar

Oct 18 11:25

Democrats Used To Be The Party Of Slavery: Doug Schoen Pushes The Case For Keeping The Democratic Party Allied With Wall Street

Doug Schoen, a former consultant to Bill Clinton, argued the case that the Democrats should keep their ties to Wall Street in a NYT column this morning. While he does advance his argument with some red-baiting and bad logic, he uses tradition as a starting point.

Oct 18 10:29

Airbus Takes On Boeing By Striking Deal For Bombardier Ownership Stake

Boeing's battle to crush Bombardier has encountered an unexpected obstacle.

Bloomberg reports that Airbus SE has agreed to acquire a majority stake in Bombardier Inc.’s C Series program, which the Commerce Department slapped with a 300% tariff it ruled in Boeing’s favor in a complaint alleging Bombardier had benefited from anti-competitive government subsidies.

Under the terms of the deal, Airbus won’t pay a dime up front for the C-Series, but will begin assembling the technologically advanced by poor-selling jetliner in the US in what Bloomberg said could be an effort to circumvent the tariffs. Airbus is adding another final assembly line for the C-Series at its factory in Mobile, Alabama, which will serve US customers and complement production in Canada, according to a company statement late Monday. However, Bloomberg says it’s unclear if the deal will allow the C-Series to avoid the tariffs.

Oct 18 10:19

US ARMY IS PREPARING FOR DECADES OF HYBRID WARS

Released on Monday, the US Army’s Training and Doctrine Command, or TRADOC, drafted a new strategy for how US ground forces will operate, fight, and campaign successfully across multiple domains—space, cyberspace, air, land, maritime—against all enemies in the 2025-2040 timeframe.

The new strategy calls for “super-empowered individuals and small groups”, who are mobile and can simultaneously fight in every domain of warfare, which will replace the conventional large units like today.

Since the end of the Cold War, US and Joint Forces have enjoyed considerable amounts of freedom across all domains. The purpose of this new concept is to prepare the US for an increasing number of actors who challenge US global hegemony.

The reported titled “Multi-Domain Battle: Evolution of Combined Arms for the 21st Century, 2025-2040?, repeats one key point over and over again according to Defense One.

Webmaster's Commentary: 

So we are looking at perpetual, global war to maintain economic hegemony, no matter the moral and financial costs to this country?

Beam me up, Scotty; no intelligent life here!!

Oct 18 09:23

Silver Bullion Prices Set to Soar

Silver bullion prices are expected to jump as solar and smartphone demand rises and the Fed tries to stave off economic weakness

by Myra Saefong via Barrons

Gold prices have far outpaced gains in silver so far this year, but silver will emerge as the winner for the second year in a row.

With a per-ounce price of $17.41 for silver futures as of Friday, analysts say the white metal is poised for a big climb, particularly as the gold-to-silver ratio stands well above historical averages. “Silver is definitely undervalued compared to gold and as a stand-alone investment. I consider it likely to be the most undervalued asset in the general investment markets,” says Paul Mladjenovic, author of Precious Metals Investing For Dummies.

Oct 18 09:09

EU says 1mn refugees in Turkey receive cash assistance

An EU-funded project that provides cash assistance to vulnerable refugee families in Turkey has benefitted one million asylum seekers since it was launched a year ago, according to officials. The program supplies debit cards to the most disadvantaged families, allowing them to buy food and meet other needs.

Oct 18 08:57

America's Global Dishonesty Will End the $US as a Reserve Currency

"Washington, instead of operating a fair system, uses its world currency role to dominate other countries. Russia and China are too strong to be dominated, and, thus, are throwing off the dollar system."

Oct 18 08:33

Corporate Consolidation: Last Week Tonight with John Oliver (HBO)

Oct 18 08:11

Chicago Politician Pushes Ban On Businesses Banning Cash

In July, Visa officially entered the global 'war on cash', adding to a long list of academics, elites, and bankers urging the removal of one of the last freedoms 'for the good of the rest of us'. However, if Alderman Edward Burke has his way, that 'war on cash' will end in Chicago after he submitted an ordinance at last week's City Council meeting to ban businesses from banning cash.

Oct 18 08:08

Europe’s Economic Death Spiral

Oct 17 18:17

Sainsbury's AXES 2,000 jobs in £500m cost-cutting drive

Payroll and human resources roles will be axed across the stores as the company tries to make huge savings and fund a price war with other retailers

Sainsbury’s confirmed today that it had launched a consultation on the plans, which are expected to affect around 1,400 staff.

It will also restructure its central office operations across the grocery chain, Argos and Sainsbury's Bank, which could see another 600 roles axed.

Oct 17 16:32

George Soros foundations now control $18 billion: reports

Investor George Soros has transferred about $18 billion, the majority of his estimated fortune, to his Open Society Foundations, making them the second largest philanthropic grant-making group in the United States, according to media reports on Tuesday. The foundations already controlled billions of dollars, but Soros, 87, has in recent years increased the pace of transfers from his hedge fund-turned-family office, Soros Fund Management LLC, the Wall Street Journal and the New York Times reported earlier on Tuesday, citing Open Society officials.

Oct 17 11:32

Iraqi Kurd Army Agrees To Return To 2003 Border, Oil Slides

In a dramatic de-escalation of recent hostilities in Iraqi Kurdistan, where in a blitz campaign the Iraqi army was able to recapture Kirkuk , effectively regaining control of the oil-rich region, the Kurdish Peshmerga forces, i.e. the army of the autonomous region of Iraqi Kurdistan told Sky News Arabia that it has agreed to return to the 2003 Iraq border, which if confirmed would be a major concession to Iraq which has been pushing for just this conclusion for the past month.

Webmaster's Commentary: 

We just might have had a moment of true sanity enter this conflict.

Oct 17 11:29

"The System Is Broken": Angry Baltimore Dad Lashes Out As 12th Grader Tests At 4th Grade Math Level

One Baltimore resident and disable Army veteran, Victor Able, Sr., is fed up with the public education that his son, a 12th grader on the verge of graduation, received from City Neighbors Charter School after he recently tested at 4th grade level in math and 5th grade level in reading. Able says his son was simply passed to the next grade year after year so that his school could continue to receive extra federal funding even though it failed to deliver results. After his complaints fell on deaf ears at city council and the mayor’s office, Able has now hired an attorney to address a system he says is "broken." Per Fox News:

According to the IEP report, the 12th grader reads at a 5th grade level; does math at a 4th grade level.

“It’s not supposed to happen,” stated Able. “I don’t want him to fall out into the streets.”

“They failed my son,” said Able. “Not just my son, a whole lot of kids. The system is broken. They need to stop and fix it.”

Webmaster's Commentary: 

God bless this man for taking on the teachers' union in Baltimore.

Unions are an absolute blight on the system, many times preventing students from receiving anything approximating an excellent education.

Oct 17 10:02

Andrew Hoffman – $5000 Bitcoin!

Oct 17 09:59

DUBAI PROPERTY MARKET 2018 - Boom or Bust?

Oct 17 09:28

The Endgame Of Financialization

As you no doubt know, central banks don’t actually print money and toss it out of helicopters; they create a digital liability and use this new currency to buy assets such as bonds and stocks. Central banks have found that they can take control of the stock and bond markets by buying up as much as these markets as is necessary to force price and yield to do the central banks’ bidding.

Oct 17 09:15

Kobe Steel Scandal Goes Nuclear: Company Faked Data For Decades, Had A "Fraud Manual"

Well, as of moments ago that tipping point was this much closer, when the same Nikkei reported that some Kobe Steel plants in Japan had been falsifying product quality data for decades, well beyond the roughly 10-year time frame given by the lying steelmaker. According to the Japanese newspaper, "employees involved in the data manipulation used the industry term tokusai to refer to shipping of products that did not meet the standards requested by customers", the Nikkei source said. Though tokusai usually refers to voluntary acceptance of such products, plants sometimes sent substandard goods without customers' consent. The word was apparently in use at some plants for 40 to 50 years.

Oct 17 09:09

Globalization Is Poverty: "The Endgame Is Painfully Obvious"

Central bankers have never done more damage to the world economy than in the past 10 years. One may argue this is because they never had the power to do that. If their predecessors had had that power, who knows?

Oct 17 09:06

Gold and the Dollar: Good News and Bad News

Oct 17 09:02

John Rubino – Signs Pointing to Recession?

Oct 17 08:25

The Missing Money – $21 Trillion in Undocumentable Adjustments and Counting with Dr. Mark Skidmore

By Catherine Austin Fitts

This week Dr. Mark Skidmore, Morris Chair of State and Local Government and Policy at Michigan State University joins me on the Solari Report to discuss his recent report on what is now $21 trillion in undocumentable adjustments at the Department of Defense (DOD) and the Department of Housing and Urban Development (HUD) between 1998 and 2015. I had been using the number $18 trillion. However, Dr. Skidmore and his team have identified another $3 trillion which we have added to the documentation that he and his students have reviewed and provided. See DOD and HUD Missing Money: Supporting Documentation for $21 Trillion in Undocumentable Adjustments.

Oct 16 14:15

The Endgame of Financialization: Stealth Nationalization

As you no doubt know, central banks don’t actually print money and toss it out of helicopters; they create a digital liability and use this new currency to buy assets such as bonds and stocks. Central banks have found that they can take control of the stock and bond markets by buying up as much as these markets as is necessary to force price and yield to do the central banks’ bidding.

Oct 16 13:45

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 16 11:24

Being Humble is Required for Trading

Oct 16 11:07

'Poverty, hunger and suicidal despair': Whistleblower exposes chaos at heart of Government's universal credit system

‘I see masses of suffering on a daily basis... We have to tell claimants that the state cannot support them even if they have young children to feed... Turning away those in abject poverty is part of the job’

Oct 16 10:00

The Endgame Of Financialization – LewRockwell

As you no doubt know, central banks don’t actually print money and toss it out of helicopters; they create a digital liability and use this new currency to buy assets such as bonds and stocks. Central banks have found that they can take control of the stock and bond markets by buying up as much as these markets as is necessary to force price and yield to do the central banks’ bidding.

Oct 16 09:55

Notorious US Regime-Change Specialist Targets Hungarian PM Orban

Many readers likely never heard the name of the remarkable Serbia-born political operator named Sr?a Popovi?.

Yet he and his organization, CANVAS, have played a lead role in most every CIA-backed Color Revolution since he led the toppling of Serbian President Slobodan Milosevic in 2000, at least fifty according to last count.

On September 8, the professional regime-change specialist Sr?a Popovi? came to Budapest and joined with the anti-Orban opposition groups in front of the Hungarian Parliament.

It‘s clear that Popovi? was not in town to promote his Hungarian book on nonviolent regime change but rather to give aid to the anti-Orban parties before Hungarian elections in spring of 2018.

Many in Hungary smell the oily hand of Hungarian-born regime-change financier George Soros behind the Popovi? appearance now in Budapest.

Webmaster's Commentary: 

The current Hungarian government, under Orban, is enforcing borders; language; and culture. They have seen what a mess unrestricted immigration has made of Germany, Sweden, Norway, and beyond, and want no part of it.

When people want to assimilate; train to work and be competitive; and embrace the cultural identity of their adoptive country, that's one thing; but attempting to enforce the cultural norms of their former countries; never learning the language, and living in the victimhood of entitlement... that is a whole different kettle of kumquats!!

Oct 16 08:35

BREAKING: Russia Issuing ‘CryptoRuble’

Russian President Vladimir Putin has officially stated that Russia will issue its own ‘CryptoRuble’ at a closed door meeting in Moscow, according to local news sources. The news broke through Minister of Communications Nikolay Nikiforov.

According to the official, the state issued cryptocurrency cannot be mined and will be issued and controlled and maintained only by the authorities. The CryptoRubles can be exchanged for regular Rubles at any time, though if the holder is unable to explain where the CryptoRubles came from, a 13 percent tax will be levied. The same tax will be applied to any earned difference between the price of the purchase of the token and the price of the sale. Nikiforov said:

Oct 16 06:54

How Americans Differ by Age

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA