ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Feb 24 11:40

OfficeMax: Are Office Supply Stores Dying?

Feb 24 11:33

Did You Know Colorado Springs Was Once Home to Nikola Tesla's Secret Research Facility?

Colorado Springs was once home to a secret lab built by engineer and scientific visionary Nikola Tesla, who made many discoveries and breakthroughs in the development, production, transmission, and use of electric power, and among them, the alternating current AC electric system is used principally all over the world and his Tesla coils are utilized in radio and paved the way for many of the wireless technologies we use today.

Feb 24 11:10

BA, TUI and easyJet are hardest hit as coronavirus panic sees £62BN wiped off UK shares and European markets dive by up to 5% - as IMF chief warns of risk to 'fragile' global economy

London's FTSE 100 index closed down 3.3 per cent at 7,156.83, meaning some £62billion was wiped off the total value of the stock market, with three of Britain's largest airlines dropping the most as the outbreak continues to spread.

The drop was the London stock market's worst one-day performance in more than four years.

EasyJet fell by 16 per cent, TUI by 10 per cent and British Airways parent firm IAG by 9 per cent towards the close as the number of infected people surged.

The CAC 40 in Paris and Germany's DAX both fell 4 per cent and the FTSE MIB in Italy dropped 5.4 per cent.

Feb 24 10:52

Do you know Black Monday (1987)?

Feb 24 09:31

Gold At $2,000/oz Likely This Year Due To Strong Coin and Bar, ETF and Central Bank Demand

IGTV interviewed Mark O’Byrne, Research Director at GoldCore about the outlook for gold and silver bullion.

He is bullish on both precious metals in the medium and long term. The fundamentals are very strong with strong central bank demand and ETF gold holdings reaching an all time record high due to deepening political and economic risks.

Silver at $18/oz and one eightieth of the price of gold is fundamentally undervalued and at some stage it will surge in value to catch up with gold.

Feb 24 08:43

MEET PRESIDENT SWAMP

This is a compilation of information on Donald Trump’s ties to Rothschild.
Trump has been not only been partners in crime with associates of the Rothschild family, he’s even been directly involved with the Rothschilds.

Casinos, Rothschild and Wilbur Ross
Trump’s daughter, Ivanka, before she married Jared Kushner, had an affair with Nat Rothschild, heir to the Rothschild trillions.

In 1987 Donald Trump purchased his first casino interests when he acquired 93% of the shares in Resorts International.

On 30 October 1978, it was reported that the principle investors of Resorts International were Meyer Lansky, Tibor Rosenbaum, William Mellon Hitchcock, David Rockefeller, and Baron Edmond de Rothschild: https://philosophyofmetrics.com/how-…trump-freepom/

When the casino went bankrupt, it was only with the assistance of Wilbur L. Ross Jr., senior managing director of Rothschild Inc., that Trump could “keep” the casinos. These days Wilbur Ross is Trump’s Secretary of Commerce.

Feb 24 08:33

How the ‘Interpreter’ Scam Brought 75,000 Iraqis and Afghans to America

One fact about all empires. The Homeland becomes over run by foreigners. Happens to every empire and helps to destroy it.

The latest battle over Special Immigrant Visas pitted Stephen Miller, President Trump’s senior advisor, against the Pentagon. The military brass was lobbying for 6,000 special immigrant visas for Iraqis who worked for American forces in the country. These visas were once again billed as helping “interpreters”.

That’s a lot of interpreters considering that there were only 5,200 American troops in Iraq.

How could there be more Iraqi interpreters for American troops than there are troops?

Feb 24 08:21

AU yeah! Gold surges more than 2% hitting 7-year highs

Investors are rushing to buy the safe haven yellow metal after rising fears over the spread of the coronavirus epidemic triggered panic sell-offs on Asian and European markets.

The price of gold surged more than two percent on Monday, hitting record levels since February 2013. Gold for April delivery on Comex reached $1,691.7 per troy ounce before slightly falling back later in the session. Meanwhile, spot gold was also up around 2.5 percent.

Silver prices also posted gains on Monday, with contracts for March rising 1.7 percent to $18.84 per ounce.

Feb 24 08:19

US stocks suffer massive losses on mounting fears over coronavirus spreading

Dow Jones and S&P 500 stock indexes tanked as trading in the US opened on Monday following an earlier sell off in European and Asian markets amid concerns the coronavirus epidemic may lead to a prolonged global economic slowdown.

The Dow Jones Industrial Average shed more than 970 points or 3.4 percent – the biggest one-day point loss since February 2018, when it fell more than 1,000 points. The S&P 500 plummeted more than 3 percent and the Nasdaq Composite was down nearly 4 percent after the opening bell.

Feb 24 08:03

China’s economy continues to collapse as domestic car sales plunge a whopping 92% on spread of Wuhan coronavirus

As The Epoch Times reported late last week, for example, sales of Chinese passenger vehicles has tanked a whopping 92 percent “on an annual basis the first 16 days of February,” according to the China Passenger Car Association.

Sales of passenger vehicles only amounted to 4,909 units during the first 16 days of the month, the organization reported, which fell from 59,930 vehicles sold over the same period a year ago. These are the first figures to demonstrate just how hard the Wuhan coronavirus is hitting the world’s largest auto market.

Because of quarantines and other strict measures meant to control the movement of the population, car sales and other economic activity are way down. But car sales have essentially tanked completely.

Feb 24 07:38

High-Income Taxpayers Now Confronted At Home By IRS Agents

The IRS announced Wednesday that it would increase at-home visitations to high-income taxpayers who haven't filed tax returns on time.

Remember when the IRS under the Obama administration targeted conservative groups? Now it appears this anti-wealth attitude extends to anyone earning over $100,000 that hasn't filed a return since 2018 or prior years.

During an at-home visit, IRS agents will inform the non-compliant taxpayer how to file returns and show them a pathway of regaining compliant status.

Uncle Sam wants his goddamn money!

"The IRS is committed to fairness in the tax system, and we want to remind people across all income categories that they need to file their taxes," said Paul Mamo, Director of Collection Operations, Small Business/Self Employed Division. "These visits focusing on high-income taxpayers will be taking place across the country."

Webmaster's Commentary: 

It is painfully obvious, that Mamo has has his conscience surgically removed, just as have many of his predecessors, before accepting this job.

These "visits" are criminal shake-downs, in a world where most Americans have never heard of the following, successful lawsuit against the US government:

"Sullivan vs/ the United States of America."

Feb 24 07:32

Coronavirus Could Be on the Verge of Worldwide Breakout

Paul Craig Roberts

It is difficult to get reliable information about coronavirus. The information difficulty is further complicated by interest groups using the outbreak for their own agendas. For example, many both inside and outside China are using the spread of the virus to criticize the Chinese government. Others, both inside and outside China, claim the virus is a bioweapon unleashed on China by the US. Still others say the global elite has decided to implement a program to reduce the world population and that Bill Gates, one of the global elite, said some months ago that a global pandemic would break out at this time. Some Internet sites attract traffic by posting reports of massive numbers of Chinese deaths and crematoriums running 24/7. The official Chinese story has been that the virus originated in a market that sold wild animal meat. The fact remains that Wuhan, apparently a city larger than any in the US, has been locked down for a month.

Feb 24 06:57

U.S. GDP Could Get Hammered

Feb 24 06:13

Nowhere In Sight: Drive for rule of law falters 9 months into Zelensky’s presidency

While running for president, Volodymyr Zelensky harshly criticized Ukraine’s nonexistent rule of law and blamed its failures on then-President Petro Poroshenko. He won the presidency on a promise to overhaul the flawed law enforcement system and imprison corrupt officials.

Yet so far, Zelensky achieved alarmingly little in this area.

Nine months after he took office, corrupt officials are still free, courts show no improvement and sketchy appointments are becoming a key feature of Zelensky’s presidency.

In Zelensky’s first year, Ukraine dropped by two points in the Corruption Perception Index, an annual ranking by Transparency International.

The organization specified where Ukraine was failing: no independent judiciary formed, anti-corruption bodies lack capacity and the Security Service of Ukraine (SBU), successor of the Soviet-era KGB, still has the power to prosecute economic crimes – which effectively means harassing or extorting businesses.

Webmaster's Commentary: 

I sincerely believe that when Zelenesky was elected, he really did mean to do what he said regarding corruption in Ukraine; unfortunately, the problems were a lot bigger, and much more intractible, than even he had anticipated.

Feb 24 05:59

19% of the market - 5 stocks

Feb 24 05:51

STUDY: GROWING "INFERTILITY CRISIS" MAY BE TIED TO POOR DIETS

SOURCE: FUTURISM
Keeping semen shipshape and in good working order: no easy task.

Across the globe, average sperm count and quality have been gradually declining for years. Scientists have theorized a number of potential causes ranging from household chemicals to microplastics. Another possible culprit may be a man’s diet.

Now, a cross-sectional study published Friday in the journal JAMA Network Open lends support to the notion that a man’s diet seems to directly impact both sperm count and quality.

In order to procure the data for such a study, the researchers began at the source, by rounding up a large group of young men. Specifically, 2,935 young Danish men undergoing a physical screening to serve in the Danish armed forces — a portion of which includes a study of fertility.

Webmaster's Commentary: 

Neither Mike nor I have become "card carrying vegetarians", but are eating more plants in our diets than we used to.

I made a veggie romanoff over noodles last night (you can cut calories like crazy by using a low-calorie sour cream,and a lower calorie cheese), which included broccoli; mushrooms; asparagus; and pecan nuts, sauteed in a heart-healthy olive oil, with lemon pepper and a little salt, and it was great.

You don't have to be a gourmet cook to turn out some great, surprising, and really nice veggie-centric dishes for you and the people you care about; there are many great recipes on line to turn to as well, if this is a commitment you want to make in 2020 to keep yourself healthier.

Feb 24 05:40

Supply Chain Disruptions Impact On Global Growth: $570 Billion & Growing...

In a previous post, we mentioned that stagflation is a risk that central planners are ignoring. However, this risk is not just an isolated challenge focused on economies like Mexico, India or Argentina. Even in countries like Germany and Japan the trend of inflation, particularly in non-replicable goods, is diverging from economic growth. Inflation is picking up, while growth is slowing down.

Feb 24 05:39

"It Will Be Really, Really Bad": China Faces Financial Armageddon With 85% Of Businesses Set To Run Out Of Cash In 3 Months

For the past two weeks, even as the market took delight in China's doctored and fabricated numbers showing the coronavirus spread was "slowing", we warned again and again that not only was this not the case (which recent data out of South Korea, Japan and now Italy has confirmed), but that for all its assertions to the contrary, China's workers simply refused to go back to work (even with FoxConn offering its workers extra bonuses just to return to the factory) and as a result the domestic economy had ground to a halt as we described in:

China Has Ground To A Halt: "On The Ground" Indicators Confirm Worst-Case Scenario

China Is Disintegrating: Steel Demand, Property Sales, Traffic All Approaching Zero

Terrifying Charts Show China's Economy Remains Completely Paralyzed

Unfortunately, it's not getting any better as the latest high frequency updates out of China demonstrate:

Feb 24 05:37

Tesla is Slowly Pushing Germany Into Recession

Germany is on the brink of recession as its auto industry hits a 22 year low. Tesla - and the EV movement - has disrupted the backbone of Germany's economy.

Feb 24 05:36

It Begins: Samsung Shutters Smartphone Factory In South Korea After Virus Outbreak

South Korea now emerges as the next hotspot of the Covid-19 outbreak that has been tormenting China for the last several months.

Late on Friday, South Korea reported 142 new confirmed cases, up a mindboggling 70% in just one day, to 346. A second death was also reported.

Feb 24 05:11

MAPPING OUT THE BANKING ELITE’S GOAL FOR A CASHLESS MONETARY SYSTEM – PART TWO

SOURCE: STEVEN GUINNESS

In the first part of this article we traced the development of the ‘Utility Settlement Coin‘ – a project that began in 2015 and which has now evolved through the inception of a consortium called Fnality International. Fnality are comprised of a number of the world’s biggest banks including Barclays and UBS, all of whom are shareholders in the scheme. Their objective as stated on the company’s website reads:

Fnality International has been founded to create a network of decentralised Financial Market Infrastructures (dFMIs) to deliver the means of payment-on-chain in tomorrow’s wholesale banking markets.

In practice, what Fnality are seeking to deliver is the construction of a distributed ledger technology based global payment system, one that can ‘facilitate tokenised, peer-to-peer markets‘.

Feb 23 08:52

Alaska fishermen lose MILLIONS of dollars amid US-Russia sanctions war

Fishermen in Alaska are losing up to $60 million annually after access to one of their key markets was cut in 2014, when Russia imposed a food embargo in retaliation to US sanctions.

Feb 22 10:25

Hugging China

For two weeks, I’ve been hugging a border. I type this in Si Ma Cai, just four miles from China, though the trek there is not level, and there’s nothing on the other side but wooded mountains.

Just last week, though, I was in Lao Cai, where each day I could stroll along the Red or Nanxi River and see what the Chinese were doing on their streets and balconies, or inside their windows. Along the bank of the Red River, a few men were fishing against a green backdrop of towering wild grass and bamboos. I fleetingly glimpsed two women walking their dogs.

Most of the time, though, there was no life.

Feb 22 10:00

Chuck Baldwin - This is ZOG (Zionist Occupational Gov't.)

While US troops are fighting Israel's wars abroad, the homeland has been conquered not by arms, but by money. How should Americans respond to being subjugated?

by Chuck Baldwin
(Abridged by henrymakow.com)
. The entire political debate in America centers on the left-right paradigm. If you are a Republican, Democrats are the enemy; if you are a Democrat, Republicans are the enemy. The entire political world revolves around this notion.

It's all a game, a façade, a hoax.

Here's how it works: When the ruling class wants to focus on building a socialist Welfare state, dismantling traditional cultural and religious norms and enacting gun control, it puts liberal Democrats in power. And when it wants to focus on building the Warfare State and creating foreign enemies for the purpose of expanding the "war on terror" and a global surveillance state, it puts conservative Republicans in charge.

Feb 22 09:42

2/7/20 Danny Sjursen on America’s Coming Battle for Eurasia

Danny Sjursen is back for part two of his conversation with Scott about America’s foreign policy disasters, this time focusing on what Sjursen calls “the coming battle for Eurasia.” According to an old theory of geopolitics, the power that controls central Eurasia—that is, eastern Europe and parts of the Middle East, with all its natural resources and strategic position—will be the dominant global hegemon. Obviously, certain figures in the American government would like to be in that position. The problem, Sjursen points out, is that America is way too far away to have any business trying to do this, especially while countries like Russia and China might have an interest in trying to stop us. He says that based on his experience in the military, people seem to think the U.S. could wage a conventional war with tanks, infantry, and aircraft carriers against other world powers, without resorting to nuclear weapons.

Feb 22 08:40

SPCE Endings en Route

Feb 22 08:13

Markets underestimated coronavirus impact

Feb 22 07:53

6 Considerations for Long-Term Care Coverage.

Feb 22 06:29

Worldwide Car Production is Shutting Down...

Feb 22 05:48

NANOTECHNOLOGY: ONE WORLD, ONE BRAIN

BY JON RAPPOPORT
From lexico.com: nanotechnology: “The branch of technology that deals with dimensions and tolerances of less than 100 nanometers, especially the manipulation of individual atoms and molecules.”

The recent arrest of Harvard pioneer in the field of nanotechnology, Charles Lieber—on charges of lying to federal authorities about his business connections to China—has exposed wide-ranging relationships among American and Chinese researchers.

These relationships include, above all, the open sharing of sensitive technologies that, once upon a time, would have been considered closely guarded state secrets. (See my recent piece, “Behind the explosive Charles Lieber scandal.”)

Here are quotes from the journal Nano Today, from a 2019 paper titled: “Nanowire probes could drive high-resolution brain-machine interfaces”. Its authors are Chinese and American:

Webmaster's Commentary: 

The hidden, and current history, of these technology transfers, is chilling in its scope, and implications for the future of this technology.

Feb 22 05:21

Coronavirus Drag on U.S. Economy Appears Bigger Than Expected

The coronavirus outbreak may be taking a heavier toll than expected on businesses in the United States, according to a survey released Friday.

Feb 21 10:53

The World’s Best Kept Investment Secret

Feb 21 05:51

The Fate of Final Rallies

Feb 21 05:48

Why Is Maduro Still Pushing The Petro?

In a recent Wall Street Journal article, Mary Anastasia O’Grady writes that Venezuela’s “National Superintendency for the Defense of Socio-Economic Rights is reportedly pressuring stores to accept the government’s new digital fiat currency, the petro.” The Venezuelan government claims its digital currency, which launched in early 2018, is backed one-for-one by a barrel of oil. The petro is also intended to circulate at a fixed exchange rate with the bolívar soberano, the latest iteration of Venezuela’s fledgling currency.

Ms. O’Grady quotes me summarizing some of the work I have done with Josh Hendrickson and Thomas Hogan, which shows that a government can get its citizens to use its preferred money so long as it is sufficiently big or is willing to levy sufficiently large punishments. But she leaves another question unanswered: why would the Venezuelan government prefer the petro?

Feb 21 05:37

Billion Dollar Family Offices Now Get Direct Access To Investment Bank Trading Desks

In what probably should come as a surprise, but most likely won't, it appears that multi-billion family offices are getting access to trading desks that smaller offices and retail traders can't access.

We know, you're shocked.

Offices with at least $1 billion are increasingly bypassing private bankers and are allowed to go direct to investment bank trading desks, according to Bloomberg.

Feb 20 19:54

JPMorgan Stashes MASSIVE Amounts Of Silver…

Feb 20 16:11

Options Traders Showing No Fear

Feb 20 15:35

Never Go Full Retard

Feb 20 14:19

Momo Massacre? Nasdaq Is Crashing As Major Factor Reversal Strikes

While the catalyst for this sudden move is unclear, the fact is a notable regime shift is underway today in factors as the long-momo-short-value trade is reversing fast as Treasury yields tumble.

Is this the start of a September-like reversal?

Notably the almost incessant rise in low-vol strategies is getting hammered today...

Webmaster's Commentary: 

It will be interesting to see if these trends continue in pre-trading hours, and we have an absolute bleed-out tomorrow, or if the Plunge Protection Team will be able to earn its money, before the start of the opening bell....

Feb 20 14:11

China Injects A Record 5 Trillion Yuan In New Debt To Arrest Economic Crash

There was a palpable sense of disappointment last night when instead of cutting its benchmark overnight interest rates as some - notably Goldman Sachs - had speculated might happen, the PBOC announced that it would only lower its benchmark 1- and 5-year lending rates, i.e., Loan Prime Rate, by 10 bps to 4.05% and 5bps to 4.75% respectively, a move that was widely anticipated.

Webmaster's Commentary: 

This response by the Chinese government to this pandemic, underscores just how horrific Chinese leadership sees this getting.

Feb 20 12:19

3 Tail Risks That Could Shock The Market

Feb 20 11:31

“Wages Slavery and Chattel Slavery”

As the Lowell system of factory work became more prevalent, so too did the public debate over the justice and morality of such labor. Labor organizers routinely called for a reduction in working hours, citing the ill effects upon the health and morale of workers. Although legislators were often slow to intervene in freely-entered contracts between management and labor, in most states, protective legislation of various kinds did eventually pass, if only to alleviate the concerns and criticisms of labor reformers like Orestes Bronson and William West.

The abolitionist and former slave Frederick Douglas after several years of experience as a “free man” concluded: “experience demonstrates that there may be a slavery of wages only a little less galling and crushing in its effects than chattel slavery.”
https://betweenworldandus.com/2016/05/26/chattel-slavery-v-wage-slaver...

Learn about Five Forms of Slavery

Feb 20 10:12

‘Death dividend’: British arms maker BAE Systems blasted on Twitter after announcing big sales growth for ‘good year’ 2019

Britain’s biggest arms manufacturer, BAE Systems, has come under a hail of fire on social media after proudly announcing the “greatest increase” in dividend profits in eight years as part of their 2019 financial results.
BAE Systems tweeted a video on Thursday in which their chief executive Charles Woodburn gleefully revealed that 2019 had been a “good year” for the world’s fourth largest defense company.

BAE’s announcement triggered an avalanche of criticism on Twitter, with many commenters hammering the company for its boastful theme and questioning whether providing bombs that have led to deaths around the world should be something to be proud about.

One person simply tweeted: "Death dividend," while another sarcastically wrote: "So glad killing people has brought you a nice dividend."

Webmaster's Commentary: 

All well and good to criticise BAE; but what about the US/British foreign policy which makes these merchants of death so damned profitable?!?

THAT... is where these activists really have to start, in a peaceful, logical, and responsible way.

Feb 20 09:33

Gold Reaches New All Time Record Over €1,500/oz, Breaks Over $1,600/oz and Silver Surges To $18.44/oz

Gold soared to new record highs in euros today at €1,500.11/oz and broke through the important $1,600 level to as high as $1,619.18 per ounce as traders and investors diversify out of more pandemic exposed risk assets to traditional safe havens

? Silver surged to $18.44/oz and is 4% higher this week, while palladium has gone parabolic and is up another 12% this week which takes the gains in 2020 alone to over 36%; we expect gold and particularly silver to follow palladium’s lead in the coming months (see just released video below)

? Safe haven gold is just a slight jump away from passing its February 8 intraday high and hitting its highest level in dollar terms in seven years; the all time record highs in gold in euro terms will be seen in other fiat currencies including dollars in the coming months.

Feb 20 09:32

Gold Chased The Money Supply Higher

Q: “Why is the Fed reluctant to let the boom-bust nature of markets play out?”
A: “Because it what’s they’ve always done [since the Fed was founded in 1913]…Once you’re in power, you’re going to do what you can to defend the system as it is”

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