ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Nov 08 06:08

At auction: Putin’s executive order to take Crimea from Ukraine

Russian President Vladimir Putin’s controversial 2014 decree that cleared the way for the annexation of Crimea from Ukraine, which still draws international outrage, is going on the auction block.

The personally signed order tucked neatly into an ornate leather binder could bring as much as $8,000-$10,000, according to Alexander Historical Auctions, hosting the online auction Nov. 19-21.

Alexander Auctions President Bill Panagopulos described his unusual item this way:

An historic modern Russian document with repercussions still affecting the world today, Vladimir Putin's executive order creating the Ministry of Crimean Affairs and integrating the economic, financial, credit and legal systems of the Crimea with that of the Russian Federation. Putin essentially inextricably merges Crimea's economy and courts with those of Russia, making any future return of Crimea to Ukraine nearly impossible.

Webmaster's Commentary: 

(Sign) Paul, Paul, Paul, the author of this piece of codswallop, were we having one hell of a case of SMD (selective memory disorder) before you" put this ripe tripe to bed?!?"

Apparently, you are choosing NOT to remember the following, and I would bet that your inner two year old is about to have a raging temper tantrum, because of the following FACTS, Paul:

FACT: Washngton was behind the coup in 2014, and Obama admits that there was a US-brokered deal in support of regime change

FACT: post-putch which put Poroshenko in charge of Ukraine in 2014, the Crimeans smelled "foul" as they knew the "election" was a regime change writ large, and that no semblance of justice could ever come out of Kiev again with that corrupt bunch which had grabbed the gonads of power here.

So what did the Crimean people do, Paul?!? And why the hell did you not know this, or ar you choosing not to mention this, because it does not fit your, and the Deep State's "agenda" here?!?

They did two things, Paul; FACT: the Crimeans held a referendum to determine if they wanted to stay with Ukraine post-putsch, or petition the Russian Federation to join it. Overwhelmingly, they voted to leave Ukraine, and petition the Russian Federation. 2014:
Crimean status Referendum

Paul, I don't get it; you are supposed to be some kind of arbiter of truth, as a journalist; not a mole for the deep state; and if this information was available to me with a cursory search on line, my question is, WHY WAS IT NOT AVAILABLE TO YOU?!?

No, Paul; you are either intellectually lazy beyond belief, or paid very well to lie to the American people, or both.

And that last, nearly nearly breathlessly hysterical paragraph I cited, made it look like what Russia did here, was an horrendously bad thing to do, when this is precisely what the Crimean people wanted Putin, and Russia to do.

And has your MONSTER case of SMD caused you to conveniently forget, that both Russia and the US are signatories to the UN Universal Declaration of Human Rights which includes peaceful self-determination as one of its cornerstones, which is precisely what Crimea did here, with its referendum, and petition to the Russian Federation for membership?!?

So, given your proclivities to always want to characterize Russia as "bad and wrong", will your next move be to "encourage" President Trump to rescind the US's membership in the UN?!?

Sir, you either deliberately got this hellaciously wrong, or you didn't have a clue; in either case, this article is nothing more than a vehicle for propping up the agenda that "Russia is Always Bad!!". an agenda, which cannot be supported by the facts of this case.

Nov 08 05:20

QE By Any Other Name

Nov 08 05:19

Testimony bombshell: Obama administration tried to partner with Hunter Biden’s Ukrainian gas firm but was blocked over corruption concerns

A State Department official who served in the U.S. embassy in Kiev told Congress that the Obama administration tried in 2016 to partner with the Ukrainian gas firm that employed Hunter Biden but the project was blocked over corruption concerns.

George Kent, the former charge d’affair at the Kiev embassy, said in testimony released Thursday that the State Department’s main foreign aid agency, known as USAID, planned to co-sponsor a clean energy project with Burisma Holdings, the Ukrainian gas firm that employed Hunter Biden as a board member.

At the time of the proposed project, Burisma was under investigation in Ukraine for alleged corruption. Those cases were settled in late 2016 and early 2017. Burisma contested allegations of corruption but paid a penalty for tax issues.

Webmaster's Commentary: 

Start fixing the popcorn, folks; this is going to be magnificently entertaining!!

Nov 07 12:00

Global debt hits an all-time high of $188 TRILLION – more than DOUBLE the world's economic output – the IMF warns

Global debt has hit an all-time high of $188 trillion, which is more than double the output of the global economy, the IMF warned today.

The global debt load has surged to a new record of around 230 per cent of world's output, IMF chief Kristalina Georgieva said.

While private sector borrowing accounts for the vast majority of the total, the rise puts governments and individuals at risk if the economy slows, she said.

Nov 07 11:29

US Futures Jump To Record High After China Says US Agreed To Roll Back Tariffs

One day after there was relatively little "trade deal optimism", overnight futures surged to new all time highs when just after 2am ET, China's commerce ministry said - in what may well have been a trial balloon to test the White House's public response - that it had agreed with the US to roll back tariffs on each other’s goods in phases as the two nations work toward a trade deal, adding fuel to a "trade deal optimism" rally that is now spanning to its fifth straight day.

Webmaster's Commentary: 

And here is a companion piece, also from zerohedge.com:

China says US has agreed to phase out tariffs

Nov 07 11:11

German Ministers Mutiny As Merkel Struggles To Preserve Ruling Coalition

Shortly after German Finance Minister Olaf Scholz released his plan to complete the European Banking Union via the Financial Times, several reports surfaced claiming that Scholz had inexplicably neglected to inform Chancellor Merkel about the plan, testing Merkel's political authority as she struggles to finish out the rest of what's set to be her final term.

As it turns out, snubs like this one are becoming increasingly common as Merkel appears to have lost control over her government. Two weeks ago, Defense Minister Annegret Kamp-Karrenbauer proposed a peace plan for Northern Syria without clearing it with the chancellor. Though at least during that incident, Merkel was given a heads up about the plan. AKK's ideas were pilloried by the Social Democrats and Foreign Minister Heiko Maas, and the whole incident ended up embarrassing the government as it seeks to combat speculation that it's asleep at the wheel.

Webmaster's Commentary: 

Considering the German mood regarding the effects of unfettered immigration, coupled with economic woes, I think that Angela Merkel's party is headed for a real route, come the 2021 elections, unless she can figure how to turn the challenges Germans face from both issues around in time to prevent an absolute shellacking in 2021.

Nov 07 11:02

A Centrally-Directed Melt-Up: 'Synthetic Growth' Trumps 'Organic Collapse'

Authored by Chris Hamilton via Econimica blog,

The demographic situation the world faces is unprecedented and unparalleled in modern history. All the deaths of the past few centuries warfare were blips on the radar compared to what is taking place now. Given the infinite growth economic model, the situation is beyond repair and no repair will be attempted.

The only goal is extension of the current model with its clear winners and losers.

Nov 07 10:01

Corporate Profits Are Worse Than You Think

Nov 07 09:34

Buy Gold Before Marxism Destroys Your Money

Nov 07 09:01

After Global Food Production Drops Then What?

Nov 07 08:45

Service Sector PMIs Diverge

Nov 07 08:40

Can Crypto Revive Swiss Banking?

Nov 07 08:19

The Deutsche Bank Death Watch Has Taken A Very Interesting Turn

The biggest bank in Europe is in the process of imploding, and there are persistent rumors that the final collapse could happen sooner rather than later. Those that follow my work on a regular basis already know that this is a story that I have been following for years. Deutsche Bank is rapidly bleeding cash, they have been laying off thousands of workers, and the vultures have been circling as company executives desperately try to implement a turnaround plan. Unfortunately for Deutsche Bank, it may already be too late. And if Deutsche Bank goes down, it will be even more catastrophic for the global financial system than the collapse of Lehman Brothers was in 2008. Germany is the glue that is holding the EU together, and so if the bank that is right at the heart of Germany’s financial system collapses, the dominoes will likely start falling very rapidly.

Nov 07 07:43

MEDIA CONCEAL CHILE’S STATE CRIMINALITY, DELEGITIMIZE BOLIVIAN DEMOCRACY 

SOURCE: FAIR.ORG
Chile’s anti-neoliberal rebellion is entering its third week, and the brutal crackdown continues. Hard-right President Sebastian Piñera and his generals have effectively decreed the country’s oligarch-dominated democracy out of existence by sending soldiers into the streets to kill, maim and torture their own people.

And, for the most part, the Western corporate media blackout persists unabated.

October 25’s historic 1.2 million–person march in Santiago—the largest since the end of the dictatorship—has forced some outlets to begin to acknowledge state violence. But corporate journalists continue to largely overlook the Piñera government’s mounting atrocities.

As I examined recently for FAIR (10/23/19), this behavior contrasts remarkably with the corporate media’s unanimous backing of regime change in Venezuela, endorsing insurrectionary protests and vilifying Nicolas Maduro as a “dictator” (FAIR.org, 4/11/19).

Webmaster's Commentary: 

Prayers and thoughts for the people of Chile and Bolivia, that they may have the opportunity to be truly, democratically represented by their governments in the future.

Unfortunately, such a state of being may well not come without an intense struggle in both countries; I am hoping it can be as bloodless as possible, but unfortunately, the histories of both countries suggest that it will absolutely not be bloodless.

Nov 07 07:09

Saudi Aramco IPO Will Not Save Kingdom

Nov 07 07:06

After Global Food Production Drops Then What?

Richie Allen from the Richie Allen Show www.richieallen.co.uk and David DuByne from ADAPT 2030 discuss increasing space radiation from the Grand Solar Minimum affecting global food production across the continents and how this will affect the economy and then our civilization.

Nov 07 06:48

MAN UNDERPAID HIS PROPERTY TAXES BY $8.41. THE COUNTY SEIZED HIS PROPERTY, SOLD IT—AND KEPT THE PROFITS.

SOURCE: REASON
An 83-year-old retired engineer in Michigan underpaid his property taxes by $8.41. In response, Oakland County seized his property, auctioned it off to settle the debt, and pocketed nearly $24,500 in excess revenue from the sale.

Under Michigan law, it was all legal. And hardly uncommon.

Uri Rafaeli, who lost his property and all the equity associated with it, is just one of thousands of people to be victimized by Michigan's uniquely aggressive property tax statute. The law, passed in 1999 in an attempt to accelerate the rehabilitation of abandoned properties, empowers county treasurers to act as debt collectors. In the process, it creates a perverse incentive by allowing treasurers' offices to retain excess revenue raised by seizing and selling properties with delinquent taxes—even when the amount owed is miniscule, and even when the homes aren't abandoned or blighted at all.

Webmaster's Commentary: 

Let us call it by its right name: theft by government, writ large.

It is no wonder the Feds, and State officials are tripping all over themselves, and each other, to rescind gun rights in this country.

Nov 07 06:45

TRUMP OKS WIDER SYRIA OIL MISSION, RAISING LEGAL QUESTIONS

Legal questions. That’s hilarious.

I just want to remember the good old days, when they felt the need to dazzle us with yellow cake uranium fraud before they stole the oil.

Via: Military Times – AP:

President Donald Trump has approved an expanded military mission to secure an expanse of oil fields across eastern Syria, raising a number of difficult legal questions about whether U.S. troops can launch strikes against Syrian, Russian or other forces if they threaten the oil, U.S. officials said.

Webmaster's Commentary: 

I don't know how many international treaties, to which the US is also a signatory, the US government has breached by taking this position, that they have every full, and legal right to control and sell Syria's oil, but I am betting that the number is potentially staggering.

My near-bet would be on Israel staging an horrendous false flag, causing many US service members to be killed or maimed for life, to be blamed on both Russia and Syria.

At that point, Trump will have his alleged "justification" for a war against both Syria and Russia; but Mr. President, if you allow yourself to be cornered into taking this action, it will be one of the most ham-fistedly, pig-headedly idiotic things you could possibly do at this time.

I would like to suggest a scenario which has probably been war-gamed to death by the IDF, but let us look at the following; if Russia, the US, Iran, and Saudi Arabia are in hot conflicts around the world, and become broken by the conflicts, militarily and monetarily, who potentially gets control of the Mid-eastern oil, and I mean, all of it, once the dust settles?!?

Israel.

Mr. President, please do not consider Bibi Netanyahu your friend; at best, he, and Tel Aviv, are more like Frenemies.

Nov 07 05:53

UNDER SHROUD OF SECRECY US WEAPONS ARRIVE IN YEMEN DESPITE CONGRESSIONAL OUTRAGE

SOURCE: KRDO
The awkward camera angle is meant to hide the fact that the owner of the phone is filming, but there is no mistaking the outlines of the heavy cargo being deposited on the dock in the Yemeni port of Aden last week.

The distinctive shape of the US-made Oshkosh armored vehicle stands out in the early morning darkness, a piece of military hardware that is currently at the heart of a standoff between some American lawmakers and President Donald Trump’s administration.

Aden is controlled by the Saudi-led coalition in Yemen, whose main partners are continuing to ship American-made weapons into the country despite bipartisan outrage in Congress over the way the US is backing Riyadh in this bloody and bitter conflict.

Webmaster's Commentary: 

Here's the long and short of it; the US government has been allowing sales of billions of dollars' worth of US-weapons to the Saudi Arabian military for its genocide in Yemen, and I would imagine that, given the intensity of the size of this delivery, that the Saudis are about to embark upon a "scorched earth, scorched non-combatants" policy.

And of course, you will never see or hear a word of it on US Presstitute Corporate Channels, because such honest reportage would "put the US and Saudi Arabia in a really bad light."

There are times when courageous men and women, need to put the acts of war criminal nations into the light of public awareness; and looking at what the US and Saudi governments are doing in Yemen now is, definitely one of those times.

And IF Congressional representatives were REALLY " that outraged", they would have passed veto-proof bills, in both houses of Congress, long ago, refusing to allow the sale of weapons to Saudi Arabia; they only want to appear to be outraged, because some responsible Americans are paying attention to this, and sharing information, just as we do here at WRH.

Trust me, the outrage isn't any where near as intense as Congressional Representatives would want you to believe; particularly if weapons companies are donating heavily (both overtly and covertly) to their upcoming political campaigns.

Nov 06 13:55

Options Traders Ditch Their Hedges

Nov 06 13:52

Dozens killed & injured in attack on Canadian gold miner convoy in Burkina Faso

A convoy of buses carrying employees and contractors of a Canadian gold mining firm and its military escort fell victim to an armed ambush in eastern Burkina Faso, leaving upwards of 37 dead and 60 injured, some reports say.
The SEMAFO convoy was attacked by unidentified gunmen some 40km from one of its mines in the Est region despite an escort by local security forces. The total number of casualties is not yet known, and an official statement from the company only mentions “several fatalities and injuries.”

Webmaster's Commentary: 

Prayers for those killed and injured, and their families.

But one has to ask, Cui Bono?!? Who benefits?!?

One has to wonder if, after this attack, US military are quietly telling the government of Burkina Faso, that they "really need" American military protection, in order to prevent this from happening again.

Nov 06 13:48

Knock Knock. Who's There? Rightful Owner! Syrian Army Reportedly Reclaims Long Lost Oil Field

The majority of the country's oil fields are currently controlled by the US military, illegally stationed in the Arab Republic, and the Kurdish militia. Washington recently reaffirmed its intentions to "keep" the Syrian oil, despite objections from Moscow.

The Syrian Army started deploying its forces near the city of Qamishli in northeastern Syria, and specifically near the village of Mulla Abbas, claiming the Rumailan oilfield, which was lost to Damascus several years ago, during the civil war, SANA news agency reported. The area is located on the Turkish-Syrian border.

Webmaster's Commentary: 

This illegal commandeering of Syria's oil fields by the US, may well mean that the current administration has its eyes on a shooting war with Russia over Syria's oil.

And if the US doesn't seem to be "aggressive enough" in its posture to suit its parasitic client state in the Middle East, (Israel) I am very certain that Israel's Shin Bet, would be delighted to create a false flag for us, insuring the deaths and woundings of many American service members, in order to "get the American people on board" for a nasty war against Russia.

And please remember; just because something is the most ham-fistedly, pig-headedly stupid thing for this administration to do, is utterly no guarantee that it won't do it.

Nov 06 13:29

US Constructing Two New Bases In Syria's Oil-Rich Region: Report

Turkey's state-run media is reporting the United States is planning two new military bases in Syria's oil-rich Deir ez-Zor province, which are currently under construction, after US special forces convoys were seen patrolling the area in the past days.

Anadolu Agency, citing local sources, said the bases were under construction as evidenced by the influx of heavy equipment:

While the footage captured by Anadolu Agency showed that much construction equipment is being put into action, it was learnt the U.S. has sent 250 to 300 additional soldiers, armored vehicles, heavy weapons and ammunition to the region.

The reported added: “The military bases are being built in the 113th Brigade area and near al-Sur region,” according to the sources.

Syria's largest oil fields, which historically account for most of its domestic energy needs, are located in Deir Ezzor, including Al-Omar, Conoco, and Rumeilan.

Webmaster's Commentary: 

IF these reports are true, it appears that the US government is "digging down" against potential Russian attacks against US facilities.

Folks, we are headed, unfortunately toward a wild geopolitical ride, potentially including a shooting war with Russia over Syria, courtesy of this administration.

This would not be a bad time to make sure you have extra storable food; extra meds for yourself and your family; and potable water.

Nov 06 13:19

The Uber Exodus Begins: Insiders Dump Millions In Shares As Lockup Expires, Stock Tumbles

Uber shares have crashed to new record lows this morning as the much-anticipated expiration of the lockup-period hits the market.

An estimated 763 million additional shares, or $20 billion of Uber stock, will hit the market, according to Daniel Ives, an analyst at Wedbush.

"The lockup expiration could "cause an avalanche of selling as early investors and insiders hit the bid, which remains a major Street worry around near-term pressure," wrote Ives in a note.

And he was right. Uber is down 6%, trading at a $26 handle for the first time...

Webmaster's Commentary: 

The ending of this week, economically, could be a wild and bumpy ride indeed; I do not see the Dow getting over this for some time to come.

Nov 06 13:10

German Finance Minister Publishes New Banking Union Plan To Save The EU (And Deutsche Bank)

Less than a year after his finance ministry failed to broker a merger between Commerzbank and Deutsche Bank in a bid to rescue the flailing German lending giant (Deutsche) and create a new national champion (or so he hoped), German Finance Minister Olaf Scholz is embarking on a campaign to convince the European Union to finish work on a comprehensive banking union.

Many have argued that Europe's lack of a comprehensive banking regulatory framework make the system particularly vulnerable to chaos and infiltration by criminal groups (evidenced by the money laundering scandal that has embroiled several northern European banking giants).

And with Brexit finally nearing the end game, or so it appears, Scholz argues that Europe's global position would be at risk if it doesn't finish the integration of the eurozone's financial sector, seeing as the EU is losing one of its main financial centers in London.

Webmaster's Commentary: 

With Europeans already up in arms on the effects of inviting unvetted immigrants, adding this potential financial pain to German taxpayers, will most probably, cause the next German elections to veer wildly to the right.

Nov 06 13:06

Stocks, Soybeans, & Yuan Suddenly Plunge On US-China Trade Deal Delay Headlines

US equity futures suddenly tumbled after Reuters reports that the signing of the US-China trade deal could be delayed until December as terms and the venue remain unclear.

Additionally, a senior official of the Trump administration told Reuters on Wednesday that it was still possible the "Phase One" agreement aimed at ending a damaging trade war would not be reached, but a deal was more likely than not.

Dozens of venues have been suggested for the meeting, which had originally been scheduled to take place on the sidelines of a now-canceled mid-November summit of Asia-Pacific leaders in Chile, the official said. They included sites in Europe and Asia, but the former was more likely, with Sweden and Switzerland among the possibilities.

Iowa, which Trump has suggested, appeared to have been ruled out, the official said. China's latest push for more tariff rollbacks would be discussed, but was not expected to derail progress toward an interim deal.

Webmaster's Commentary: 

In the meanwhile, farmers who were counting on Trump's ability to make a difference here in his negotiations with China, are really feeling a world of hurt, right now; many have gone bankrupt,and can no longer take care of their families right now, and feel a deep sense of betrayal by Foggy Bottom.

Couple this with US land which has been unproductive, due to floods and fires, which used to produce food, and what we will most likely have next Spring, will be an under-ability to feed our citizens in this country.

What I would suggest that you do, is to look at buying an excellently-rated energy-efficient chest freezer, possibly right at the end of this year, right after Christmas. When things come on sale (or even if they don't and you can pare large packages of food down to smaller packages), you will thank yourself for having done this, when you see what food prices are look like, come 2020.

Nov 06 12:43

SEC's Clayton Slashes Investor Safeguards To Entice More Companies To Go Public

It looks as though the Securities and Exchange Commission isn't happy enough just allowing CEOs like Elon Musk to retain their C-suite position after committing egregious frauds like faking the largest buyout in history. The commission, under Jay Clayton, continues to make life easier for corporations while making protecting investors a second priority.

Since Jay Clayton took over as head of the SEC, 17 changes have been made and 9 more have been proposed, that are part of a broad push to help "reverse a 20-year decline in U.S. public company listings", according to Reuters. The changes include modernizing disclosures and cutting regulatory costs for companies - and just making life easier for public companies in general.

This, of course, is not without its down side: these new rules will weaken investor safeguards or diminish their rights.

Nov 06 11:12

The Economics and Politics of Zoning

By Ash Navabi

Both economic decisions and political decisions involve choices and tradeoffs. The difference is that economic decisions are ultimately informed and rely upon monetary prices, revenues and costs. Political decisions, meanwhile, do not depend on market outcomes—they can be based on love, legacy, favors, or establishing power relations.

Zoning is the practice of governments controlling the type, size, and population density of buildings...

Nov 06 09:51

Uh, is it September 2008 again?

Nov 06 09:43

Consumers Plan For Record Holiday Spending

Nov 06 08:53

Boeing whistleblower raises doubts over 787 oxygen system

A Boeing whistleblower has claimed that passengers on its 787 Dreamliner could be left without oxygen if the cabin were to suffer a sudden decompression.

John Barnett says tests suggest up to a quarter of the oxygen systems could be faulty and might not work when needed.

He also claimed faulty parts were deliberately fitted to planes on the production line at one Boeing factory.

Boeing denies his accusations and says all its aircraft are built to the highest levels of safety and quality.

The firm has come under intense scrutiny in the wake of two catastrophic accidents involving another one of its planes, the 737 Max - the Ethiopian Airlines crash in March and Lion Air disaster in Indonesia last year.

Nov 06 07:36

Why Fractional Shares Don’t Make Sense

Nov 06 06:47

US Economy Soft – But Holding

Nov 06 06:17

Why Every Investor Should Invest in Water

Nov 05 19:37

More Smartphone Lawsuits Expected. RF Radiation Exceeds Outdated Federal Safety Levels Up to 500%

By B.N. Frank

An article published in the Chicago Tribune in August revealed that 11 smartphone models exceed very outdated federal RadioFrequency (RF) exposure safety limits.

How outdated? No “safe” levels of RF radiation have even been scientifically determined for children or pregnant women. Health experts including the American Academy of Pediatrics have warned that children are more susceptible to harm from all sources of wireless radiation and have encouraged reducing their exposure everywhere including in medical buildings, schools, etc.

Because of the Chicago Tribune article, Fegan Scott law firm started a class action lawsuit...

Nov 05 19:07

The Relationship Between CBD and the Human Brain and What it Means for the Future

Originally from Central Asia, cannabis is grown in many parts of the world today. The buds of the Cannabis sativa plant are covered in a sticky dusting of crystal resin, that contains therapeutic compounds known as cannabinoids.

There are far more cannabinoids than have been discovered. The Drug Enforcement Administration (DEA) has classified cannabinoids as a Schedule I controlled substance, the same as LSD and heroin. Owing to such regulatory barriers, the scientific inquiry and research of cannabis is difficult. However, earlier this year, the National Academy of Sciences released a new report that reviewed 10,000 scientific abstracts and reached almost 100 conclusions regarding the medical uses of marijuana and cannabis- derived products. The report suggests, "Political and non-political strategies to resolve regulatory barriers to cannabis research, an objective and evidence-based analysis of cannabis policy is necessary.”

Nov 05 18:54

Indica vs. sativa: What’s the difference between cannabis types?

Cannabis 101
Indica vs. sativa: What’s the difference between cannabis types?
Bailey Rahn
September 20, 2018
Share

When browsing cannabis strains or purchasing cannabis at a shop, you may notice strains are commonly broken up into three distinct groups: indica, sativa, and hybrid. Most consumers have used these two cannabis types as a touchstone for predicting effects:

Indica strains are believed to be physically sedating, perfect for relaxing with a movie or as a nightcap before bed.
Sativas are said to provide invigorating, uplifting cerebral effects that pair well with physical activity, social gatherings, and creative projects.
Hybrids are thought to fall somewhere in between, offering a balance of indica and sativa effects.

Nov 05 18:35

NYC Opens $500 Million Decoy Subway Station To Catch Turnstile Jumpers

NEW YORK—In a new effort by the MTA and law enforcement to crack down on fare evasion, New York City reportedly opened a $500 million decoy subway station this week to catch turnstile jumpers. “This sprawling, state-of-the-art station will have all the sights and sounds of a regular terminal, including turnstiles that will not accept MetroCards regardless of their available balance, increasing the likelihood of attempts to avoid payment,” said MTA project manager Greg Langdon, adding that the act of fare evasion would cause the floor to open up, sending the commuter down a chute connected to a windowless underground holding cell.

Nov 05 17:22

Software Engineer Shares Pics From 'Major Financial Institution' Near Dallas Showing H-1B Replacements

Progressives for Immigration Reform on Thursday shared pictures purportedly from a "major financial institution near Dallas" sent in by "one of the last" American software engineers at the company showing how American workers have mostly "been replaced by H-1Bs brought straight from India."

Nov 05 13:00

“4 Day Work Week” Experiment Made Microsoft Employees Happier And More Productive

By John Vibes

Microsoft’s Japan offices recently tested out a four-day workweek and found that employees were both happier and more productive during the trial. They called the temporary experimental policy “Work-Life Choice Challenge Summer 2019,” and it was in effect throughout the month of August.

In the experiment, Microsoft Japan’s 2,300 employees were given five Fridays in a row off work, without any changes being made to their pay...

Nov 05 12:52

5 Ways the Hunger Games Dystopia Happened in Real Life

By Jen Maffessanti

It’s no secret that young-adult dystopian fiction had a very real moment recently with franchises like Divergent and Maze Runner making it to the big screen. But the most wildly successful has to be the Hunger Games series by Suzanne Collins. The movie versions featured Hollywood darling Jennifer Lawrence among other big-name actors like Donald Sutherland, Philip Seymour Hoffman, Liam Hemsworth, and Elizabeth Banks.

Dystopian stories are popular for sure, but you don’t have to turn to fiction to find them. We can see them in the socialist countries that existed and continue to exist in the real world...

Nov 05 11:21

uh oh trouble

Nov 05 10:37

Robinhood's "Infinite Money Cheat Code" Gives Traders Access To Unlimited Funds

If one is a central bank - such as the SNB and BOJ - life is easy: you just print as much money as you need out of thin air, and buy whatever you want, without regard for price. For those who are not central banks, having access to unlimited borrowed money may be the next best thing.

It now appears that the millennial-targeting brokerage Robinhood, which offers its users "free" online trades in exchange for quietly selling their orderflow to frontrunning HFTs, has a "glitch" that affords its users to experience just what being a central bank means, by allowing users to trade stocks with virtually infinite leverage, giving them access to what amounts to free money.

Nov 05 09:55

The Next Shoe In The Farm Crisis Drops: Bankruptcies Soar 24%

The American Farm Bureau (AFB) warned Wednesday that farm bankruptcies are entering a parabolic move.

The farm crisis, as we’ve pointed out, is only accelerating and will likely be on par with the farm disaster that was seen in the early 1980s.

President Trump’s farm bailouts, given to farmers earlier this year, appears to be failing at this moment in time, as a tsunami in farm bankruptcies is sweeping across the country.

With record-high debt, collapsing farm income, and depressed commodity prices, US farmers are dropping like flies as there’s no end in sight in the 15-month long trade war.

Nov 05 09:16

An Obituary of the Western World

A World Based On Lies Is A False World

Paul Craig Roberts

During the course of my life I have watched the Western World abandon all of the values that made it successful. Despite all its crimes, and they are many, the Western World succeeded. Everyone wanted to be part of it, and it will be the demise of the Russians that they still do.

The Western World succeeded, because it believed in objective truth and searched for it. This resulted in scientific and technological discoveries, in architectual and artistic beauty, and in brilliant literature that educated the educatable into the human condition.

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