ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Mar 18 12:29

Relief rally: Dow jumps 225 pts. on Fed rate news

U.S. stocks rallied sharply after the Federal Reserve ruled out interest rate hikes at next month's meeting and said it had not "decided on the timing" of the first rate increase in nearly nine years.

Stocks were lower ahead of the Fed's announcement Wednesday afternoon, but rose sharply after the highly anticipated policy statement was released at 2 p.m. ET at the end of its two-day meeting.

Mar 18 11:11

GERMANY RIOT TARGETS NEW ECB HEADQUARTERS IN FRANKFURT

In addition, two attackers have also been killed, Essid said, calling it a “cowardly terrorist operation” that targeted tourists. The tourists were attacked while they were getting off a bus to enter the museum, Essid said, noting this is the first attack there targeting tourists.

Mar 18 10:55

Europe and China launch cooperation, striking serious blow on America

China has recently initiated the establishment of the Asian Investment Bank (AIIB) as a possible alternative for developing economies. The bank is said to seriously undermine the dominance of the United States among the countries of the "third world", as the Americans show serious influence on the administration of the World Bank and the IMF that act as tools of their influence in different regions, Pravda.Ru says.

Mar 18 10:48

Is UK set for deflation? Bank of England warns that pound could send inflation even lower this year

Bank of England policymakers have warned there are risks that sterling could strengthen further against the euro and leave inflation below target for longer.

Minutes from this month's monetary policy committee meeting revealed that policymakers again voted 9-0 in favour of keeping interest rates at a record low of 0.5 per cent for the 72nd consecutive meeting in March.

The very weak short-term outlook for inflation was cited as the reason for keeping rates so low, despite surveys in recent months showing that the UK economy is returning to full strength. Inflation fell to record low of 0.3 per cent in February and the Bank has already warned it could go lower and possibly into negative territory.

Mar 18 10:41

The Missing Element in Modern Economics

Mar 18 10:37

Greece is Just the Tip of the Iceberg for the $100 Trillion Bond Bubble

Greece, as a country, represents 2% of Europe’s GDP. The country lied in its financial to enter the EU. Since that time, it’s been officially bankrupt since 2010.

The country has since gone through a series of “bailouts” and experienced a 25% collapse in GDP (roughly equivalent to what Argentina experienced in its 2001 implosion).

And yet, despite all the bailouts and claims that Greece was “fixed,” the country is set to default on some of its debt this Friday.

Mar 18 10:37

03 16 15 standoff and fire

This is how an old man and his dogs were evicted by the Oregon State Police.
They are all dead!

Mar 18 10:35

World’s largest hedge fund fears Fed hike may roil markets

The Federal Reserve appears on track to deliver a rate hike this year, but hedge-fund billionaire Ray Dalio is worried the central bank has little ammunition available to combat an economic downturn if tighter policy should “knock over the apple cart.”

Mar 18 09:50

Corporations Lobbying Government Reap 76,000% Return on Investment

Nick Bernabe
Activist Post

Forget the penny stocks, amateurs, the greatest investment you can make in America is bribing the government to give you political favors...

Mar 18 09:34

Oil prices not here to stay: Both Brent and WTI continue losing streak

The US benchmark, West Texas Intermediate crude fell 2.9 percent to $42.21 per barrel, making it the seventh consecutive day of loss. Inventories, especially in the US, are overstocked.

Brent oil futures for April were hit equally hard as WTI, losing 0.5 percent to $53.44 a barrel on Wednesday. Most analysts agree that low oil prices will persist through 2015, weighed down by oversupply, mostly from US shale.

Mar 18 09:17

Crash Landing: China Home Prices Plunge At Fastest Pace On Record, Surpass Post-Lehman Collapse

Less than three weeks ago, when the PBOC proceeded with its latest "surprise" rate cut, we showed a chart that should scare everyone who is hoping that China will avoid a hard-landing would prefer would never have been revealed: the annual collapse in Chinese home prices is now so sharp and so widespread, that it has surpassed the housing collapse in the aftermath of the Lehman collapse." Overnight things went from bad to worse, when China's National Bureau of Statistics reported that contrary to hopes for a modest rebound, China's average new home prices fell at the fastest pace on record in February from a year earlier.

Mar 18 09:14

Pettifor: “They are currency wars”

Mar 18 08:39

Germany riot targets new ECB headquarters in Frankfurt

Dozens of people have been hurt and some 350 people arrested as anti-austerity demonstrators clashed with police in the German city of Frankfurt.

Police cars were set alight and stones were thrown in a protest against the opening of a new base for the European Central Bank (ECB).

Violence broke out close to the city's Alte Oper concert hall hours before the ECB building's official opening.

"Blockupy" activists are expected to attend a rally later on Wednesday.

Mar 18 08:30

US Warns Allies Not to Join China-led Development Bank

Eric Blair
Activist Post

How do you know a dollar collapse is coming? Because the rest of the world is preparing for it.

Western allies are flocking to join the new China-led Asian Infrastructure Investment Bank (AIIB), while the United States and World Bank sit on the sidelines and lecture them about "appropriate" financial governance...

Mar 18 08:15

China's Finance Ministry Welcomes New AIIB Members

The governments of France, Italy and Germany all say they will submit their confirmation letters as soon as possible.

Mar 18 08:14

Liveblog: Blockupy anti-ECB demo in Frankfurt

Frankfurt remains on alert after a morning of violence, burned cars and hundreds of arrests gave way to what is hoped to be an afternoon of peaceful protest. Organizers of the "Blockupy" demonstration against the new European Central Bank (ECB) building said they distanced themselves from the violence. Follow the latest updates here.

Webmaster's Commentary: 

More than likely those committing the violence are agents provocateurs to give the police an excuse to protect the most holy and sacrosanct bankers form those mean and evil people!

Mar 18 07:53

Fannie And Freddie Are Headed For Another Bailout

Taxpayers pumped over $200 billion in to Fannie Mae and Freddie Mac after the financial collapse of 2008. While the Obama Government used taxpayer subsidized loans to move a large quantities of foreclosed housing inventory from the FNM/FRE and in to big investment funds, FNM/FRE were busy ballooning their mortgage holdings – again.

Now the Inspector General’s Federal Housing Finance Agency has issued a warning that both FNM/FRE are headed for another bailout, which is no surprise to me:

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Mar 18 06:52

What the weak euro and strong dollar mean for the global economy

A weaker euro is engineered to get the European economy back on track. As with all monetary policy, this is good for some, bad for others. RT takes you through the winners and losers.

The euro has been sinking since the European Central Bank kicked off its €1.1 trillion asset buying program on March 9. The bank plans to print €60 billion per month to buy debt until inflation hits the target rate of 2 percent. The expected date for this is September 2016, but it could be prolonged.

Webmaster's Commentary: 

When money becomes weaponized, the whole world becomes a body count!

Mar 18 06:45

6 Steps in the Global Currency Reset 2015-16

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Mar 18 06:13

Utilities wage campaign against rooftop solar

Three years ago, the nation’s top utility executives gathered at a Colorado resort to hear warnings about a grave new threat to operators of America’s electric grid: not superstorms or cyberattacks, but rooftop solar panels.

Mar 18 05:55

Australian PM attacks “lifestyle choice” of poverty-stricken Aborigines

Australian Prime Minister Tony Abbott’s contempt for poverty-stricken Aborigines living in outback areas was on open display last week when he was asked about plans by the Western Australian (WA) state government to completely shut down many communities.

“What we can’t do is endlessly subsidise lifestyle choices if these choices are not conducive to the kind of full participation in Australian society that everyone should have,” Abbott told the media in the WA gold-mining town of Kalgoorlie last Wednesday.

To claim that Aborigines are indulging in a “lifestyle choice,” akin to that of layers of the upper middle class moving to an idyllic rural setting, is grotesque. The conditions in remote Aboriginal communities, which lack jobs, proper housing and essential services, are frequently described as “third world” or even “fourth world.”

Mar 18 05:54

3 Methods of Debt Payoff You Need to Know

Have you been overwhelmed thinking about how you can best pay off any debt you have? There are several strategies you can use to achieve debt freedom, but you might be unsure which is right for you.

Mar 18 05:42

EU calls for tracking computers in all vehicles to monitor, regulate travel

The controlling surveillance state is deepening, prying further into people's lives like a chisel carving its way through skin and bone. Governments have become opportunistic control freaks, centralizing their micromanagement powers whenever possible. Now the European Union is rolling out plans to monitor travel on all European roads, tracking drivers' mileages and time traveled per vehicle. This controlling scheme is not for surveillance alone; it's essentially a plan to tax every driver for the for the distance they travel on European roads.

Webmaster's Commentary: 

Of course, people in Europe (and the US) are already taxed for the miles they drive with taxes on gasoline and tires. The more you drive the more you pay in those existing taxes. Adding another mileage tax (along with more surveillance) means people will be less likely to go shopping, or go to a restaurant, or theater, or sporting event, or tourist destination, meaning more of those businesses will be shut down. In the long term, adding more taxes will mean less tax revenue overall.

Mar 18 03:06

A Swing and a Miss

Mar 17 20:05

Debt-damned economics: either learn monetary reform, or kiss your assets goodbye (5 of 7)

*hyperlinks live at source*

The following is my high school teaching assignment for Advanced Placement Macroeconomics students (available as extra credit for other classes) on how money is created. I offer this for non-profit use; divided into seven sections:

Instructions (1 of 7)
Contextual orientation: seeing the past as clearly as possible (2 of 7)
Money and bank credit (3 of 7)
Fractional reserve banking (4 of 7)
Debt (public, private) and money supply (5 of 7)
Historical struggle between government-issued money and private bank-issued credit (6 of 7)
Cost-benefit analysis for monetary reform in your world of the present (7 of 7)
**

4. Debt (public, private) and money supply

Mar 17 18:09

Something Strange Is Going On With Nonfarm Payrolls

Seasonally adjusted these jobs increased by 17,200 in February, the most in two years (Feb 2013 was greater) and the second most in four years. So while economists are blaming the weather for the plunge in housing starts, residential construction jobs were fairly robust in February. This makes no sense.

Mar 17 18:08

Greek PM To Meet With Putin Amid Cash Crunch

News of an upcoming meeting between Tsipras and Putin comes just days ahead of EU Summit and a €2 billion debt repayment, suggesting Athens may be playing one of its few remaining cards.

Mar 17 17:57

Some Thoughts On Long Term Investing

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Mar 17 15:56

Billionaire warns: “Mother of all collapses coming” if central banks stop buying bonds

Obviously, with a crack in the dam, the flood can’t be held back forever

Mar 17 14:32

What Budget Cuts? US Cyber Command to Double Its Spending

Still in its infancy, US Cyber Command is set to receive a massive bump in its budget. For 2015, the cybersecurity organization will receive $364 million; nearly double the $190 million it was allocated for 2014.

Mar 17 14:18

Aaron Russo's America: Freedom To Fascism [Directors Cut]

Webmaster's Commentary: 

Reposted at reader request

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Mar 17 13:29

Lawmakers Say TPP Meetings Classified To Keep Americans in the Dark

Democratic lawmaker says tightly-controlled briefings on Trans-Pacific Partnership deal are aimed at keeping US constituents ignorant about what's at stake.

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Mar 17 13:16

China Gaining Western Allies as Development Bank Partners: “A Blow to U.S. Efforts”

Mac Slavo
SHTFplan.com

Recently, SHTF has pointed out the rise of China and their aim to become a major part of the new global reserve currency, and hence a major weight in the new global order.

China’s renminbi is positioning for major global exchange; the BRICS development bank is taking off, to the chagrin of the U.S. axis of global finance; and the IMF is talking with China about the likelihood of including the yuan in the “basket of currencies” that make up SDRs, or Special Drawing Rights that already includes the dollar, the pound, the euro and the yen.

Now, American leadership is silently watching Anglo partners – and close establishment allies in the post-war world – join ranks with China on its emerging development bank.

Washington’s Blog reports:

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Mar 17 12:43

Irish Ministers Use Taxpayer Pot of Gold to Travel in Style

The bill for Ministerial trips abroad between 2011 and 2014 has been exposed by The Journal in Ireland. Flying in jets, hiring limousines and staying in hotels across America to celebrate St. Patrick's Day has cost the Irish tax payer €705,050.

Mar 17 12:34

Peter Schiff : Dollar Too Strong QE4 Coming

Mar 17 12:23

IMF BREAKS ITS OWN RULES WITH LOAN TO WAR-MONGERING UKRAINE

The International Monetary Fund (IMF) has agreed on a scheme of war financing for Ukraine. For the first time, according to Fund sources, the IMF is not only violating its loan repayment conditions, but also the purposes and safeguards of the IMF’s original charter. IMF lending is barred for a member state in civil war or at war with another member state, or for military purposes, according to Article I of the Fund’s 1944-45 Articles of Agreement. This provides “confidence to members by making the general resources of the Fund temporarily available to them under adequate safeguards, thus providing them with opportunity to correct maladjustments in their balance of payments without resorting to measures destructive of national or international prosperity.”

Mar 17 12:06

TOWARDS THE END OF THE U.S. DOMINATED INTERNATIONAL MONEY SYSTEM

Welcome to the end of Brenton Woods and the Washington Consensus that defined the world money systems around U.S. controlled institutions and the U.S. dollar as the sole reserve currency.

Mar 17 11:41

War on terror : a self-licking ice cream cone

Max Keiser and Stacy Herbert discuss the business model of the war on terror in which the droning of wedding parties is nothing personal just business. Same goes for de-dollarization as China builds an alternative to SWIFT - nothing personal, just business. Max interviews former CIA agent and open source advocate, Robert David Steele, about false flags and moral hazard.

Mar 17 11:04

Detroit businesses face water shut-offs

The city’s water department this week plans to step up enforcement of overdue business accounts to collect tens of millions in lost revenue, but it won’t shut off residential water until a proven safety net is in place.

Mar 17 10:48

Biodiversity or GMOs: Will The Future of Nutrition Be in Women's Hands or Under Corporate Control?

Women have been the primary growers of food and nutrition throughout history, but today, food is being taken out of our hands and substituted for toxic commodities controlled by global corporations. Monoculture industrial farming has taken the quality, taste and nutrition out of our food. As a result, India is facing a nutritional crisis: every fourth Indian goes hungry, and in 2011 alone, diabetes took the lives of 1 million Indians.

Now, the same companies who created the crisis are promising a miracle solution: GMOs (genetically modified organisms). Genetically engineered Golden Rice and GMO Bananas are being falsely promoted by corporations hiding behind the cloak of academia as a solution to hunger and malnutrition in the Global South. Indigenous biodiverse varieties of food grown by women provide far more nutrition than the commodities produced by industrial agriculture. Golden Rice is 350% less efficient in providing vitamin A than the biodiversity alternatives that women grow. GMO ‘iron-rich’ Bananas have 3 000% less iron than turmeric and 2 000 % less iron than amchur (mango powder). Apart from being nutritionally empty, GMOs are part of an industrial system of agriculture that is destroying the planet, depleting our water sources, increasing greenhouse gases, and driving farmers into debt and suicide through a greater dependence on chemical inputs. Moreover, these corporate-led industrial monocultures are destroying biodiversity, and we are losing access to the food systems that have sustained us for millennia. When we consider the number of patents involved in these initiatives, it becomes all too clear that the only beneficiaries of these supposedly ‘people-led’ ventures are large companies operating for profit, not for people.

Mar 17 10:25

Map: Where working women have it best

Mar 17 10:20

Germany faces paying billions to Greece in compensation for wartime atrocities after Merkel's senior advisers warn her Athens DOES HAVE a valid claim to reparations

Senior figures in Chancellor Angela Merkel's coalition partner in government - the SPD - have united with the Green Party to declare Germany should compensate Greece to the tune of billions of pounds for wartime Nazi atrocities.

The demands come as parliamentary lawyers warned her cabinet that Greece may have a valid claim which Germany might lose if it chose to fight it all the way to the European Court of Justice.

The solidarity move threatens the united front Berlin has presented to Athens as it tries to keep the struggling country both in the eurozone and the EU. Now high-profile politicians from the SPD and the Greens have thrown their weight behind Greece to say they deserve reparations money 70 years after the end of the conflict.

Mar 17 10:13

Britain's big six energy giants see their profits rise almost 1,000% in just five years as family bills soar

In 2007 the energy giants were pocketing £2.31 in pure profit from each household for their gas or electricity. By 2013 this had risen to £23.71, according to the Competition and Markets Authority.

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