ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Nov 08 12:52

Bundesbank warns of Coming Pension Crisis

Nov 08 11:05

US Sanctions 9 Russian Entities, 3 Individuals Over Crimea - Volker

The United States is imposing new sanctions against three Russian individuals and nine entities operating in Crimea, US Special Representative for Ukraine Negotiations Kurt Volker said in a telephone conference on Thursday.

"These are sanctions on three individuals and nine entities that are supporting Russia’s attempts to integrate the Crimea region of Ukraine through private investments and private projects, or those who are engaged in serious abuses," Volker told reporters.

Earlier this week, US State Department spokesperson Robert Palladino noted that the US intended to proceed with new sanctions against Russia.

Nov 08 11:04

Trump Knows the Truth About the Market Sell-off but Can't Say It Publicly

Donald Trump believes that the Federal Reserve is the greatest threat to the US economy. That's true, but that's only a small part of a bigger puzzle.

In a recent interview with The Wall Street Journal Trump singled out the Federal Reserve and its Chairman Jerome Powell as the biggest threats to the US economic growth:

“Every time we do something great, he raises the interest rates,” Mr. Trump said, adding that Mr. Powell “almost looks like he’s happy raising interest rates.” One of the obvious reasons why the US President is concerned about the Federal Reserve actions is that the stock market is tanking. The US stock market lost nearly $2 trillion in October and it was the worst month for the S&P 500 since September 2011.

Nov 08 10:58

‘Millions still in poverty’: UN send poverty rapporteur to UK over austerity

A special UN advisor on extreme poverty and human rights is touring the UK to assess the impact of austerity on people living in some of the most deprived areas of the country.
UN Special Rapporteur Philip Alston’s primary goal is to identify examples of social inequalities and systematic neglect, which according to the United Nations, is then used to develop “constructive dialogue with governments, international organizations, civil society and other relevant actors.”

READ MORE: 'This is shameful': Tory austerity pushes 1.5 million below breadline, 3.7 million to food banks

Since 1998, the UN special rapporteur has travelled to examine extreme poverty in places like Ghana, Yemen, Benin, Sudan, the US, Portugal and Saudi Arabia. The UK will now join these ranks thanks to concerns over its austerity measures.

Nov 08 10:35

Where is Litecoin Going?

I’ve been a fan of Litecoin since I first learned about it in 2013. The coin has many good fundamentals to it and I believe that Charlie Lee, the coin’s creator did things right as far as how he created the coin and how he worked to develop it. Towards the end of 2017 he tried to divest himself of his Litecoin holdings by selling off his stake in the coin. This resulted in many people and analysts attacking him for it, some even saying his action was reminiscent of a “pump and dump” scheme...

Nov 08 10:34

The Economy Does Not Care Who Won The Midterm Elections

Economic function and repair are far beyond the scope of any political body to fix when the dysfunction reaches the point we are at today. To believe otherwise is foolhardy. To believe that the political elites actually want to fix the economy is even more foolhardy. The answer is not replacing one set of political puppets with another set of political puppets, but for regular people to begin localizing their own production and trade — to decouple from dependency on the existing system and start their own system. Only through this, and the removal of the globalist tumor from its position of power and influence, will anything ever change for the better.

Nov 08 10:20

Economic indicators testing critical levels!

Nov 08 09:03

Is A Crude Oil Liquidation Event Ahead?

Nov 07 19:08

HSBC bank confirms US data breach

HSBC has said some of its US customers' bank accounts were hacked in October.

The lender said that the perpetrators may have accessed information including account numbers and balances, statement and transaction histories and payee details, as well as users' names, addresses and dates of birth.

The BBC understands the firm believes that fewer than 1% of its American clients were affected.

It said it had already contacted those thought to have been exposed.

Nov 07 15:32

Are We Entering a Bear Market?

Nov 07 15:27

The Uncertainty Has Settled (Full film)

Globalisation and climate politics are causing radical changes such as farmers becoming energy suppliers. But the green ideology raises questions. The scientific topic of climate change has now become incontrovertibly a matter of world politics.

Nov 07 15:21

Trump allows Iran to continue selling oil to its 8 biggest customers

Iran's oil exports have fallen sharply since President Donald Trump said he would re-impose sanctions on Tehran earlier this year, but with waivers in hand, the Islamic republic's major buyers could scale up orders as soon as next month.

The original aim of the sanctions was to cut Iran's oil exports as much as possible, to quash its nuclear and ballistic missile programs, and curb its support for militant proxies, particularly in Syria, Yemen and Lebanon.

Nov 07 12:42

Former Deputy AG Joins Goldman Legal Team As 1MDB Criminal Charges Loom

With federal prosecutors finally handing down indictments in the long-running 1MDB probe, the Vampire Squid is lawyering up. And in typical Goldman fashion, the investment bank is hiring only the best, most politically-connected defense attorneys to join its legal team.

As the DOJ was preparing to file the first batch of federal charges against two former Goldman employees accused of conspiring to steal money and violate foreign anti-bribery laws, the investment bank retained Mark Filip, a prominent defense attorney and former deputy attorney general who was once the boss of the DOJ's head of criminal investigations. For those who are unfamiliar with the DOJ's depth chart, that's the division tasked with overseeing the case against the two former Goldman managing directors, a case that the bank warned could lead to criminal charges against senior employees, or maybe even the bank itself.

Nov 07 12:34

Dumping the dollar: Iran & South Korea agree cross-currency trade

South Korea and Iran have agreed to switch to national currencies in trade exchanges as the sides aim to strengthen relations despite the US sanctions on Tehran.

The agreement is of great importance to both countries, Yonhap News Agency reported, explaining that the deal indicated Korea’s concerns about relations with Iran.

Nov 07 12:33

SWIFT Caves To US Pressure, Defies EU By Cutting Off Iranian Banks

Shortly after Trump reimposed nuclear sanctions on Tehran on November 5, the international financial messaging system SWIFT announced the suspension of several Iranian banks from its service. “In keeping with our mission of supporting the resilience and integrity of the global financial system as a global and neutral service provider, SWIFT is suspending certain Iranian banks’ access to the messaging system,” SWIFT said.

The Belgium-based financial messaging service added:

“This step, while regrettable, has been taken in the interest of the stability and integrity of the wider global financial system.”

Nov 07 12:27

Bank of England Refusing Venezuelan Request to Return $550 Mln in Gold – Report

Earlier, Caracas indicated that it was looking to repatriate some 14 tons of gold bars back from the UK out of concern that the bullion may be affected by harsh US sanctions against the Latin American country.

The Bank of England is refusing to release Venezuela's gold bars, worth about $550 million or £420 million, back to Caracas, with British officials understood to have referred to "standard" anti-money laundering measures, The Times reports, citing unnamed sources.

Webmaster's Commentary: 

BULL BISCUITS!!!!!! The Bank of England simply does not have that gold to send back.

Nov 07 09:52

Michael’s Anticipated Contributions to Florida’s Existing Homeless Population

I could write a very long blog post about Florida’s ongoing economic problems. I lived quite a few years in that state[mostly in the Panhandle] and several others in the South. One thing is for sure, Florida began its multi-year economic decline shortly after the credit crisis in 2007. Ever since that time there’s been so many businesses which have laid people off or closed entirely over the last 11 or so years. This has resulted in so many people being thrown out of work. Many unemployed people in Florida have gone several years or more without working a real job...

Nov 07 05:54

The Retail Apocalypse Continues: Here Are the Lowe’s Stores Closing Soon

Approximately 50 Lowes stores are the next on the chopping block as the Retail Apocalypse continues. (But don't worry, the economy is doing GREAT!)

Is your local store on the list?

Nov 06 15:31

State Dept: US to Impose New Set of Sanctions Against Russia Over Skripal Attack

The United States intends to move forward with imposing additional sanctions against Russia for the attack against Russian double agent Sergei Skripal as required by law, State Department Spokesperson Heather Nauert told Sputnik on Tuesday.

"Today, the Department informed Congress we could not certify that the Russian Federation met the conditions required by the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991," Nauert said. "We intend to proceed in accordance with the terms of the CBW Act, which directs the implementation of additional sanctions."

Nov 06 14:55

SHOCKING VIDEO...The Port of Los Angeles ... 'Third World' City'

What's Happening In California?

Nov 06 14:24

White South Africans barred from registering on government jobs website

A registration process on a government partnered youth employment initiative has appeared to exclude white South Africans, sparking criticism from the country’s trade union.
The YES (Youth Employment Service) government jobs website aims at helping unemployed young South Africans who have been jobless for longer than six months. The program is endorsed by the National Development Plan 2030, which intends to eliminate poverty and reduce inequality within the next 12 years.

The registration criteria on the site require the applicants to be black, in accordance with the BEE definition (Black Economic Empowerment), between the ages of 18 – 34, and South African citizens.

Black Economic Empowerment (BEE) is a racially selective program launched by the South African government to redress the inequalities of Apartheid by giving black South African citizens, whom they define to include black, coloured and Indian people, economic privileges not available to whites.

Webmaster's Commentary: 

South African citizens of European descent, should get out of the country while they still can. What is coming here, is the full Zimbabwification of South Africa, and all that this implies.

Nov 06 14:18

2019 to See a Rise in Gold and Silver Prices

Nov 06 13:28

Your Kid’s Vaccines May Actually be Making Them Sick…

Periodically injecting cocktails of toxic substances such as mercury, aluminum, live viruses, formaldehyde, chicken egg albumin, squalene, glutamate, DNA fragments, etc, into the muscles of unaware, innocent babies and adults puts them all at risk of being diagnosed with vaccine-induced brain disorders including, much later in life, Alzheimer’s disease. (The chronic use of neurotoxic prescription drugs [especially psychiatric drugs] is also a major risk factor for Alzheimer’s especially when vaccines are also periodically injected.)

One of the major problems with infant vaccines is that they are mandated (!) to be given to infants and young children in cocktails of hyperimmunity- and/or autoimmunity-inducing and potentially brain-damaging vaccines and brain-damaging prescription drugs.

Webmaster's Commentary: 

Money is demanded by the medical industrial complex, in terms of these vaccinations, then more money is demanded to "cure" you of the illnesses the vaccines created; sounds like a sweet deal for big pharma!

Nov 06 13:02

The U.S. Ignores Its Vietnamese Victims to This Day

Nguyen Van Tu grasps my hands in thanks as we end the interview. His story is part of a hidden, if not forbidden, history that few in the U.S. know. It’s a story that was written in blood in Vietnam, Cambodia and Laos during the 1960s and 1970s and now is being rewritten in Afghanistan and Iraq. It’s a story to which new episodes are added each day that U.S. forces roll armored vehicles down other people’s streets, kick down other people’s doors, carry out attacks in other people’s neighborhoods and occupy other people’s countries.

It took nearly 40 years for word of Nguyen Van Tu’s hardships at the hands of the United States to filter back to America. Perhaps a few more Americans will feel remorse as a result. But who will come forward to take responsibility for all this suffering? And who will give Pham Van Chap a new leg?

Webmaster's Commentary: 

Being one of the world's most war-centric despots on the planet means, never having to say you're sorry; until the loss or losses are so horrific, that the wars ultimately grind to a stop, because the people of the US will not allow it, as they did during the peaceful, massive demonstrations against the war in Vietnam.

So far, that hasn't happened for the US; but coming wars I see, potentially against Russia; China; and Iran, may well be the turning point for the US, creating either total devastation, or a complete economic collapse for this country. Either way, it may not not end well.

Nov 06 12:31

Fun Facts: Markets Increasingly Worrying

Nov 06 12:30

Iran Shuts Off Oil Tanker Tracking System As US Sanctions Start 

The US on Monday (Nov 5) is reimposing disciplinary measures targeting Iran's oil, shipping, insurance, and banking sectors in what US Secretary of State Mike Pompeo called "the toughest sanctions ever placed" against Iran. In response, Tehran has reportedly turned off all oil tanker tracking systems as the sanctions take effect today.

Analysts at TankerTrackers.com, a watchdog that monitors production, refinement, shipping, and trading of crude oil on a global scale, revealed in late October all Iranian tanker vessels turned off their transponders to avoid international tracking for the first time since 2016.

“It’s the first time I’ve seen a blanket black-out. It’s very unique,” TankerTrackers co-founder Samir Madani told Sputnik News.

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