ECONOMY | WHAT REALLY HAPPENED


ECONOMY

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Apr 03 08:54

Crisis and Economics: a Love Story

Since the onset of the post-Keynesian backlash of the 1970s economists have tended to put forward ‘political’ views that support one variation of crude capitalist ideology or another. The purgatory of the last seven years has forced assertion of economic contradictions that more closely approximate theoretical incoherence.

Apr 03 08:31

Austria Expresses Concern Over Their Gold At BOE

The Austrian Court of Audit expresses great concern about the disproportionate amount of official gold reserves (229.6 tonnes) stored at the Bank Of England (BOE), which will be the Austrians excuse for repatriating, “the gold depository contract with the depository in England contained deficiencies” and, “gold reserves stored abroad, internal auditing measures were lacking”. They’re putting it blunt for an official source on a topic so sensitive as gold.

Apr 03 08:29

Greece submits 26-page reform plan to get €7.2bn bailout

The Greek Finance Ministry has put together a 26-page list of policy reforms, which calls for €19 billion in funds this year. The reforms also plan to tackle tax evasion, and propose a €1.5 billion privatization plan.

Greece’s international creditors- the European Commission, International Monetary Fund, and European Central Bank- must OK the detailed reform plan before Greece can unlock its next €7.2 billion in bailout funds and avoid going bankrupt. The Greek government is still hesitant to push through the reforms, as they don't align with hardline promises made back in January.

Webmaster's Commentary: 

"FUCK THE PEOPLE; GIVE US MORE MONEY!!!" -- The Money Junkies Credo

Apr 03 08:27

China proposes economic corridor with Russia and Mongolia

The revival of the ‘Great Silk Road’ that once linked China, Central Asia, and Europe won’t stop at transport, but will build a “new platform” for economic development between China, Russia and Mongolia, according to Chinese Foreign Minister Wang Yi.

"Setting up a trilateral economic corridor is one of the key points in the Chinese Silk Road Economic Belt initiative," Wang Yi said at talks with his Mongolian counterpart Lundeg Purevsuren on Thursday, TASS reported.

The idea coincides with the Eurasian transport corridor, which plans to include a high-speed train and road between Moscow and Beijing, and everywhere in between.

Apr 03 08:10

The NFL Player Dwight Freeney Sues Bank Of America

The San Diego Chargers, Dwight Freeney, linebacker is suing Bank of America (BofA), claiming that it was objective of a scheme of fraud, he says, was “aided and abetted” by the banking giant.

http://whatisusa.info/the-nfl-player-dwight-freeney-sues-bank-of-america/

Apr 03 07:25

Challenging the Power of the 1%

When you are faced with the task of moving an object but find it is too heavy to lift, what is your immediate and most natural response? You ask someone to help you lift it. And it makes all the difference.

Apr 03 07:16

Jim Willie: THE JIG IS UP

Apr 03 06:48

Ukraine’s Economy Plunges: So, Who Should Pay for It?

According to Ukrainian news-accounts, Ukraine’s economy is rapidly falling. On April 2nd was reported that “Sales of new cars in Ukraine fell to the lowest in 15 years,” and that March’s sales-volume (number of cars sold) was 23% less than that in February. Even more startlingly, “The general decline in sales of vehicles in Ukraine in January-February 2015 compared to the same period in 2014 was 67%.” So, whenever comparisons go back not merely month-to-month but to the situation prior to the February 2014 coup by the Obama Administration in Ukraine (which was quite violent and surprised EU leaders, who knew nothing

Apr 03 04:35

Why is Gold our Universal Currency?

Apr 03 02:39

Soros Looks to Co-Own Ukraine

Billionaire hedge fund manager George Soros has proposed a $1 Billion contribution of a combined $50 Billion investment package in the Ukraine in order to form an economic barrier to Russia’s entry to the war torn nation.

Apr 03 01:26

Oil falls nearly 4%

Oil falls nearly 4% after tentative nuclear deal for Iran

Brent oil fell nearly 4 per cent on Thursday after a preliminary pact between Iran and global powers on Tehran's nuclear program, even as officials set further talks in June and analysts questioned when the OPEC member will be allowed to export more crude.

(*as they keep pumping us with war is good / diplomacy is wicked evil . )

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Apr 02 18:31

'Not Nearly Enough': McDonald's Wage Hike Lambasted as Publicity Stunt

One day after fast-food workers and their supporters called for a nationwide strike to demand higher wages and the right to form a union, McDonald's announced Wednesday that it will raise pay for about 90,000 of its U.S. employees—only those who work at the 1,500 locations owned by the corporation—as of July 1, 2015.

Apr 02 17:37

THE ENDURING REALITY OF GOVERNMENT BY WEALTH AND SOME OF ITS CONSEQUENCES

If you really want to understand the world in which we live – its endless wars, coups, interventions, and brutality towards great masses of people – you need to start with a correct understanding of the political machinery at work. Talk of liberal interventions or fighting for rights, Western values, and democracy are hopelessly naïve and mostly deliberately deceptive. America’s record in such matters is one of securing everything from bananas, copper, and crude oil concessions to, at the very least, foreign governments obedient to its mandates after removing a disliked leader, whether elected or not. There is no concern for principles outside of their being featured in blowhard, insincere political speeches. The interests of America’s government do not match the interests of ordinary people, those in America or anywhere else, and, were the informed consent of the governed genuinely involved in launching bloody adventures, they likely never would happen.

Apr 02 16:48

Behind On Your Student Loans? These States Will Take Your Driver's License

Before you think about holding out for a taxpayer government-sponsored bailout on your student loans, you may want to check the laws in your state because as it turns out, you may end up losing your driver’s license or worse, your barber’s license.

Apr 02 16:48

The Tragedy Of The American Farmer, Revealed In A Craiglist "For Sale" Post

Not so long ago, US farmland - whose prices were until recently rising exponentially - was considered by many to be the next asset bubble. Then, almost overnight, the fairytale ended, and as reported in February, US farmland saw its first price drop since 1986.

Apr 02 16:43

What God Wants, God Gets

God wants light. God wants mayhem. God wants a clean fight. God wants peace. God wants war. God wants famine. God wants chain stories. God wants sedition. God wants sex. God wants freedom. God wants Semtex. God wants boarders. God wants crack. God wants rainfall. God wants wetbacks. God wants voodoo. God wants shrines. God wants law. God wants organized crime. God wants crusade. God wants jihad. God wants good. God wants bad.

What God wants God gets

Apr 02 15:50

Pension crisis in NJ and York, Pa.

Apr 02 15:09

HSBC is 'cast-iron certain' to breach banking rules again, executive admits

Bank’s global head of sanctions told monitors in private meeting that HSBC’s size made large-scale regulatory breaches a virtual inevitability

Apr 02 14:32

How the 1% Is Rewiring Brains and Future Generations

As usual, Republicans are doing everything in their power to help the 1% get even richer.

Republicans on the House Ways and Means Committee, led by Paul Ryan, have voted to eliminate the estate tax entirely.

Apr 02 14:20

Greece Faces D-Day On April 9, Will Default Within 30 Days Of Missed Payment, BofAML Says

Greece officially runs out of cash on April 9 according to Reuters, citing Eurozone officials, and with interest payments due on the 17th and the 20th, and with €2.4 billion in t-bills coming due in two weeks, BofAML outlines the end game.

Apr 02 14:05

Merkel’s ‘Anti-Russian Front’ Falls Apart – German Newspaper

More and more European countries oppose an extension of anti-Russian sanctions and disagree with the German policy towards Russia.

Apr 02 13:33

How the 1% Is Rewiring Brains and Future Generations

As usual, Republicans are doing everything in their power to help the 1% get even richer.

Republicans on the House Ways and Means Committee, led by Paul Ryan, have voted to eliminate the estate tax entirely.

Apr 02 12:55

90,000 McDonald’s Workers Will See a Raise

Yesterday, McDonald’s announced that over 90,000 employees will receive a pay raise effective July 1, 2015. After recent employee protests and slow sales, McDonald’s appears to be raising salaries to solve employee relation problems and improve it’s image with consumers.

Apr 02 11:59

THE ENDURING REALITY OF GOVERNMENT BY WEALTH AND SOME OF ITS CONSEQUENCES

If you really want to understand the world in which we live – its endless wars, coups, interventions, and brutality towards great masses of people – you need to start with a correct understanding of the political machinery at work. Talk of liberal interventions or fighting for rights, Western values, and democracy are hopelessly naïve and mostly deliberately deceptive. America’s record in such matters is one of securing everything from bananas, copper, and crude oil concessions to, at the very least, foreign governments obedient to its mandates after removing a disliked leader, whether elected or not. There is no concern for principles outside of their being featured in blowhard, insincere political speeches. The interests of America’s government do not match the interests of ordinary people, those in America or anywhere else, and, were the informed consent of the governed genuinely involved in launching bloody adventures, they likely never would happen.

Apr 02 11:40

Is Your 401(k) Plan Sufficient for Retirement?

Joining your employer’s retirement program used to be enough to provide for a sufficient retirement but a new study by the Employee Benefit Research Institute showed that nearly 40% of employees have less than $10,000 saved in their 401(k) with the median amount saved being only $18,433.

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Apr 02 10:42

This Is Where the Oil Trains Are Going

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Apr 02 09:27

CHINA TARGETS DOLLAR, WASHINGTON HAS CONNIPTIONS

Now even Israel – joined at the hip to the US though the relationship has run into rough waters – has applied to become a founding member of the China-led Asian Infrastructure Investment Bank. Despite US gyrations to keep them from it, over 40 countries, including bosom buddies Australia, Britain, and Germany, have signed up to join. Japan is still wavering politely. The US government sees the China-dominated AIIB as competition to the US-dominated World Bank and Asian Development Bank. But now that it is clear even to the White House that the US can’t stop the tide, Treasury Secretary Jack Lew backpedaled vigorously on Tuesday. The government would welcome the AIIB, he suddenly said, as long as certain conditions are met, such as adequate transparency.

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