ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Dec 05 10:28

Lenin Would Be So Proud

Several years ago back in 2004-2006, if you had a pulse, you could borrow money from a bank to buy a house.

In fact, bank lending standards were so loose back then that there were some infamous cases of people who DIDN’T have a pulse who were still able to borrow money.

That’s right. Some banks were so irresponsible that they actually loaned money to dead people.

Of course, it turned out that lending money to dead people… or people with terrible credit who had a history of default, was a bad idea.

And the entire financial system almost blew up as a result of this reckless stupidity.

But then something even crazier happened: the Federal Reserve came in and bailed out all the banks with trillions of dollars of free money.

That was utterly nuts. Instead of being wiped out by their idiotic mistakes, the banks learned that they would always be bailed out no matter how stupid or greedy they acted.

Dec 05 10:27

US tries to stop Ireland banning imports from Israel’s settlements

A prominent US politician has lobbied Irish lawmakers to reject a proposed ban on imports from Israel’s illegal settlements.

Peter King, a member of Congress for New York, is among those who have opposed a bill being debated in Dublin.

Although the bill – aimed at forbidding goods from Israel’s settlements in the occupied West Bank – seeks to uphold international law, King has depicted it as subversive.

King has tried to convince Fianna Fáil, one of Ireland’s largest parties, to withdraw its support for the proposed ban.

Dec 05 10:22

Another Day Older and Deeper In Debt

Official US national debt exceeds $21 trillion. National debt increases over $3 billion per day.

Another day older and $3 billion deeper in debt!

The U.S. government pays the interest by issuing new debt. But that new debt increases total debt and (eventually) drives up interest rates, which requires more borrowing to pay the annual interest payments. Another year older and deeper in debt! A reset will occur when the debt load becomes too heavy.

Dec 05 09:26

Cryptocurrencies and the Denationalization of Money

By William J. Luther, Lawrence H. White

In a 1976 book titled The Denationalisation of Money, Nobel Prize–winning economist F.A. Hayek put forward a novel proposal for private monies. The monies Hayek had in mind were not like the privately issued banknotes of the past, which the holders could take to the issuing banks and redeem for gold or silver coins. Instead, his plan called for irredeemable monies. In many ways, Hayek’s proposed market resembles the market for cryptocurrencies that has emerged over the last decade...

Dec 05 07:51

Tariffs, Congress

Dec 05 07:33

General Motors is proof to the world that slashing wages isn't the ticket to profitability

(*slashing our dependence on The Federal Reserve could possibly be more profitable , for workers , then Assuming The Position , for their Capitalist/Corporatist Bosses )

Dec 05 05:53

US stocks plunge on details of Trump-Xi trade-war meeting

US stocks plunge as details of Donald Trump-Xi Jinping meeting fail to assuage investors on trade war

US stock markets plummeted on Tuesday as results of a weekend meeting between President Donald Trump and Chinese President Xi Jinping failed to convince investors that the trade war ceasefire was a true reprieve and as a key recession indicator kicked in.

The losses on Wall Street accelerated after investors dissected the nuances of the talks on Saturday in Buenos Aires announced by the Trump administration and China, reflecting worries that the initial read on a potential trade deal was overly optimistic.

LATEST: China, Hong Kong stocks fall after bloodbath in US markets>>>

Dec 04 18:51

Silver at its most affordable in years

Dec 04 16:50

Feminism Was Created by the US Communist Party

Communists pioneered the political and cultural analysis of woman's oppression. They originated "women's studies," and advocated public daycare, birth control, abortion and even children's rights. They forged key feminist concepts such as "the personal is the political" and techniques such as "consciousness raising."

Dec 04 16:48

Gloria Steinem - How The CIA Used Feminism To Destabilize Society

"In the 1960´s, the elite media invented second-wave feminism as part of the elite agenda to dismantle civilization and create a New World Order."

Since writing these words last week, I have discovered that before she became a feminist leader, Gloria Steinem worked for the CIA spying on Marxist students in Europe and disrupting their meetings. She became a media darling due to her CIA connections. MS Magazine, which she edited for many years was indirectly funded by the CIA.

Steinem has tried to suppress this information, unearthed in the 1970´s by a radical feminist group called "Red Stockings." In 1979, Steinem and her powerful CIA-connected friends, Katharine Graham of the Washington Post and Ford Foundation President Franklin Thomas prevented Random House from publishing it in "Feminist Revolution." Nevertheless the story appeared in the "Village Voice" on May 21, 1979.

Dec 04 16:46

Feminism Was Created To Destabilize Society, Tax Women and set up the NWO - Aaron Russo

Quote:
Hollywood producer, filmmaker, activist and truth seeker Aaron Russo reveals some of the REAL reasons for feminism which was funded and pushed by the Rockefellers and the CIA for very nefarious reasons, which includes being part of their central banking worldwide takeover to help set up the New World Order

Dec 04 16:44

How Rockefeller Created Feminism And Enslaved Humanity

In 50 short years since Rockefeller lobbed the feminism grenade into every American household, many women have lost touch with their natural loving instincts. Consequently, the family is in disarray, sexual depravity is rampant and birth rates have plummeted.

A woman makes this supreme sacrifice to only one man who will cherish her and provide for his family. Men instinctively want to fulfill this responsibility. This is the essence of the heterosexual contract (i.e. marriage): female power in exchange for male power expressed as love. Sex is the symbol of this exclusive bond. Marriage and family may not be for everyone but it is the natural path for most.

Feminism has trained women to reject this model as “an old fashioned, oppressive stereotype” even though it reflects their natural instincts.

Dec 04 16:32

Apple shares fall after HSBC downgrade: 'Facing the reality of market saturation'

HSBC downgraded Apple to hold from buy and cut its 12-month price target to $200 from $205. Apple shares fell 1.7 percent to $181.66 shortly after the opening bell Tuesday, adding to an 18 percent decline already for this quarter.

Dec 04 15:25

The Psychological Bubble That Has Been Propping Up The U.S. Economy Is Starting To Implode

We witnessed this in the stock market in recent years when people just kept buying stocks even though they were massively overvalued. The collective belief that there was money to be made in the stock market became a self-fulfilling prophecy which pushed stock prices up to absurd heights. But now that process is beginning to reverse as well, and ultimately the unwinding of that bubble will be quite painful.

Dec 04 11:46

Democrats Agree to Two-Week Stopgap Funding Bill

Democrat congressional leaders have reportedly agreed to a two-week funding bill to avoid a government shutdown this Friday.

President Trump was previously threatening to withhold his support for a funding bill that doesn’t include at least $5 billion for his border wall along the U.S.-Mexico border. However, that request has been put on hold due to the recent death of former President George H.W. Bush, whose funeral and attendant mourning ceremonies will occur this week.

Dec 04 11:22

THE STOCK MARKET WILL CRASH!

Dec 04 11:19

"$35M Disappeared": New Jersey Officials Gambled With Public Funds On Failed Baseball Stadium

Camden's abandoned baseball stadium, once celebrated by local officials as a new beginning for the city's waterfront, will soon be demolished and replaced with three Rutgers University athletic fields.

Here is the problem: the Camden County Improvement Authority approved a $1 million contract this month to demolish the 17-year-old stadium after $21 million in taxpayers dollars built the structure for an independent minor league baseball team as hopes it would draw economic development to the area.

Dec 04 11:13

Yuan the Conqueror: Chinese currency poised to become global heavyweight, economists say

The global importance of the Chinese yuan seems destined to rise, according to strategists and economists who say flows in the currency will grow over the long term if Beijing continues to gradually open its financial system.

The yuan will become more globally important as China further allows foreign capital into the country through selective financial opening and pursues its Belt and Road Initiative trade, said Chi Lo, senior economist for Greater China at BNP Paribas Asset Management in Hong Kong.

Dec 04 10:51

What Really Happened On Saturday? China Censors US Embassy's WeChat Posts On Trade War Truce

After a weekend in which the Trump administration, to much fanfare, announced a breakthrough in the trade war with China according to which Beijing would purchase substantial amounts of US farm products and remove barriers to trade in exchange for a delay of new tariffs and higher tariff rates, Donald Trump left his top advisers scrambling on Monday to explain just what was in the trade deal he claimed he’d struck with China to reduce tariffs on U.S. cars exported to the country - an agreement that doesn’t exist on paper and hasn’t been confirmed in Beijing.

Dec 04 10:42

DHS Opposes GOP’s Stealth Bill to Outsource College Graduate Jobs

Republican leaders are expected to drop a political stinker on President Donald Trump by mid-December: a donor-backed amendment that would allow investors to import more college-graduates from India to take jobs now held by American college graduates.

The GOP-run amendment puts 300,000 imported Indian temporary workers and 300,000 of their family members on a fast-track to green-cards, Americans’ jobs, citizenship, and the ballot box — but it provides no benefits to middle-class Americans.

The GOP amendment would provide Democratic-leaning donors with more imported white-collar workers, more temporary workers, more profits, and higher stock values — but it provides nothing to help the GOP win the 2020 election.

Yet the little-known amendment “is very much alive,” a source told Breitbart News.

Dec 04 10:31

Wells Fargo computer glitch blamed as HUNDREDS lose their homes and the bank offers an apology - but no real explanation

Wells Fargo has revealed a computer glitch is behind an error that led to more than 500 customers losing their homes.

Last month the bank announced that an underwriting error had caused it to incorrectly reject some 870 home loan modifications, resulting in the bank foreclosing 545 homes.

The errors have left the banking community, legislators and, of course, the affected homeowners asking how this happened.

Dec 04 09:49

Construction spending, Smart phones

Dec 04 09:34

Iran deploys massive naval force to Persian Gulf after Rouhani threatens to block Strait of Hormuz

BEIRUT, LEBANON (6:00 P.M.) – The Islamic Republic of Iran has allegedly deployed a massive naval contingent to the Persian Gulf, today, after the nation’s president, Hassan Rouhani, threatened to block the vital Strait of Hormuz.

Dec 04 09:21

The Real Significance of the French Tax Revolt

By Peter C. Earle

The gilets jaunes (Yellow Jacket) anti-tax riots in France escalated over the past weekend, again citing the impact of higher taxes on fossil fuels – and high levels of taxation in general – on everyday life. French citizens, already subject to the highest taxes in the OECD, are being crushed by both new and systematically increasing taxes, and have taken to the streets by the hundreds of thousands in a “citizen’s revolution”. Recommendations to declare a state of emergency have for the time being been tabled.

With no sense of irony whatsoever, in a press conference on Saturday French President Emmanuel Macron stated: “I will never accept violence.”

Yet violence is the core component of his chosen vocation as a statesman...

Dec 04 04:55

Misdiagnosing The Risk Of Margin Debt

Dec 03 19:53

Ford to Cut Another 25,000 Jobs?

Dec 03 16:59

Robot Janitors Are Coming to Walmart…

Dec 03 10:53

Eric Peters: "America Has Begun To Use Its Economic And Military Might To Take What It Wants"

“Electorates are voting for higher wages, greater income security, less trade and immigration – more balanced division of economic profits between labor and capital. And if the current parties do not deliver this result, they will be replaced by parties that will lift inflation through socialist redistribution.”

Dec 03 10:53

U.S.-China Trade Truce Gives Both Sides Political Breathing Room

The agreement reached by President Trump and President Xi Jinping of China to effectively pause their trade war and work toward a pact appears to be aimed at giving the two leaders some political breathing room after an escalating fight has begun inflicting economic damage on both sides of the Pacific.

The temporary truce, forged over a working dinner on Saturday night in Buenos Aires, does little to resolve the deep differences between the two nations and is more a political agreement than a substantive one. Both sides immediately positioned the cease-fire as a domestic victory while staking out areas where they would not compromise.

Dec 03 10:52

Alberta Orders "Unprecedented" Oil Output Cut To Combat Crashing Prices

While just a few hundred miles south, WTI is flirting with the one year low price of $50/barrel, Canada's oil-producing hub, Alberta, would be ecstatic to have its oil trade at anything even remotely close to this level.

As we reported recently, Canadian oil producers are in an increasingly tough predicament. With high and increasing oil demand around the globe over the last year, Canadian oil production has increased accordingly. All of this is simple and predictable economics, but in the process Canadian oil hit a massive roadblock. Producers have the supply, and they have more than enough demand, but they don’t have the means to make the connection. Canadian export pipelines simply don’t have the capacity to keep up with either the supply or the demand.

Dec 03 10:23

QATAR QUITS OPEC

Qatar will leave the Organization of Petroleum Exporting Countries as of next month, its energy minister told media today, adding that the decision was part of a long-term strategy for growing its international presence on energy markets with a focus on gas.

Qatar is the world’s largest exporter of liquefied natural gas, but it has Australia breathing down its neck as well as emerging competition from the United States and other, smaller, producers.

“Qatar has decided to withdraw its membership form OPEC effective January 2019 and this decision was communicated to OPEC this morning,” Saad al-Kaabi said, as quoted by Reuters, at a news conference. He said the decision had been hard to make since Qatar had been a member of the cartel for almost six decades, but it had very little influence on OPEC decisions. Qatar produces about 600,000 bpd, which ranks it among the smaller OPEC producers.

Webmaster's Commentary: 

So what happens when OPEC cracks up, which it looks as though it is on the verge of happening now, and how will this affect oil prices going into 2019?

Dec 03 09:43

Deutsche Bank May Cause The Next Global Crisis

“Deutsche Bank (DB) poses as what is called a ‘National Champion’ bank and the largest bank by far in Germany, but it’s actually the largest criminal enterprise in Germany. This is quite a statement because VW is such a massive fraud…

It is insane that we allow Deutsche Bank to go from fraud to fraud to fraud…

They cheat on everything else you can possibly imagine and, typically, they are getting caught, which is also not a very good sign in terms of their competence even as thieves. Even in the United States, there has been reluctance to crack down on Deutsche Bank…

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA