ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jul 29 18:19

South America Is Heading Into A Full-Blown Financial Crisis Which Will Cause Years Of Pain For The Entire Continent.

Most nations in South America are either already experiencing an economic recession or are right on the verge of one.

Jul 29 17:09

Be aware of these surroundings friends!

Jul 29 17:00

FLASHBACK: Eight Steps To Destroy America

We all know Dick Lamm as the former Governor of Colorado. In that context, his thoughts are particularly poignant.

Arnold Toynbee observed that all great civilizations rise and fall and that 'An autopsy of history would show that all great nations commit suicide.'"

"Here is how they do it," Lamm said.......

Jul 29 16:45

Steve Quayle On Why Gold Prices Are Plunging

Jul 29 15:40

Only 3 New U.S. Banks Opened Since 2010

Jul 29 15:21

If The American Dream Is To Own A Home, Then It Hasn’t Been In Worse Shape Since 1967

Thanks to the “Obama recovery”, the rate of homeownership in the United States has fallen to the lowest level in 48 years. The percentage of Americans that own a home is widely considered to be a key indicator of the health of the middle class, and we have just learned that during the second quarter of 2015 that number dropped from 63.7 percent to 63.4 percent. It is now the lowest that it has been since 1967.

Jul 29 12:56

Here's What to Watch for in the U.S. GDP Report

The Federal Reserve's July meeting Wednesday won't steal the thunder from the U.S. economy's report card due on Thursday at 8:30 a.m.

The release from the Commerce Department promises to offer double the usual excitement: One, it'll show how strongly growth rebounded in the second quarter from the inclement weather and West Coast port labor disputes that depressed the economy early in the year. Two, due to revisions that happen once a year and some new adjustments, it'll reveal whether gross domestic product really contracted in the January to March period.

Webmaster's Commentary: 

It doesn't matter what the real economy did, the government will say everything is wonderful!

Jul 29 12:26

Technically Speaking: A Sellable Rally

Jul 29 12:25

Supply and Demand in the Gold and Silver Futures Markets – Paul Craig Roberts and Dave Kranzler

This article establishes that the price of gold and silver in the futures markets in which cash is the predominant means of settlement is inconsistent with the conditions of supply and demand in the actual physical or current market where physical bullion is bought and sold as opposed to transactions in uncovered paper claims to bullion in the futures markets. The supply of bullion in the futures markets is increased by printing uncovered contracts representing claims to gold. This artificial, indeed fraudulent, increase in the supply of paper bullion contracts drives down the price in the futures market despite high demand for bullion in the physical market and constrained supply. We will demonstrate with economic analysis and empirical evidence that the bear market in bullion is an artificial creation.

Jul 29 12:18

Russian ruble strengthens as Central Bank stops currency purchases

The Russian ruble has come back to below 60 against the US dollar in early trading on the Moscow Exchange Wednesday. The Central Bank of Russia (CBR) said it stopped buying foreign currency, as the ruble hit 4-month lows.

The ruble revalued on the news, standing at 59.4 to the dollar and 65.7 to the euro at 13: MSK.

Jul 29 11:41

Judicial Watch: IRS Produces Recovered Lerner Emails

Judicial Watch released 906 pages of newly recovered Lois Lerner emails from the IRS that are believed to recently have been recovered by the IRS’ internal watchdog – the Treasury Inspector General for Tax Administration (TIGTA). The IRS released the emails under a court order by U.S. District Court Judge Emmet Sullivan. The new documents show that Lois Lerner and other top officials in the Exempt Organizations Unit of the Internal Revenue Service (IRS), including soon-to-be Acting IRS Commissioner Steve Miller, closely monitored and approved the controversial handling of tax-exempt applications by Tea Party organizations. The documents also show that at least one group received an inquiry from the IRS in order to buy time and keep the organization from contacting Congress.

Jul 29 11:36

UK PM Cameron explains .01% doctrine: ‘Destroy nation-states to invent our own barbaric realm’

On July 20, 2015, UK Prime Minister David Cameron delivered a major speech to justify ongoing wars on “extremism.” Supporting corporate media analyses are here, here, here, here; with some honesty from George Monbiot, with a 1-minute corporate media cry for more military armed attacks “on this evil”:

Jul 29 11:32

Obamacare: Health Insurers Seek Huge Price Increases

President Obama’s supporters are quick to tout his record as one of tremendous success, especially his “reform” of health care, but that is largely because they like him personally – not because Obamacare has been a rousing success.

By any measure the law, which has routinely been upheld by the U.S. Supreme Court as constitutional despite the use of dubious legal justifications, remains largely unpopular among a majority of Americans. In addition to that, almost nothing of what the president and acceding Democrats promised the law would do has come to fruition. Indeed, on a number of fronts, the law has created the exact opposite effects.

Webmaster's Commentary: 

Jul 29 11:19

Now Is The Time – Fear Rises As Financial Markets All Over The Planet Start To Crash

Can you feel the panic in the air? CNN Money’s Fear & Greed Index measures the amount of fear in the financial world on a scale from 0 to 100. The closer it is to zero, the higher the level of fear. Last Monday, the index was sitting at a reading of 36. As I write this article, it has fallen to 7. The financial turmoil which began last week is threatening to turn into an avalanche. On Sunday night, we witnessed the second largest one day stock market collapse in China ever, and this pushed stocks all over the planet into the red. Meanwhile, the twin blades of an emerging market currency crisis and a commodity price crash are chewing up economies that are dependent on the export of natural resources all over the globe. For a long time, I have been warning about what would happen in the second half of 2015, and now it is here. The following is a summary of the financial carnage that we have seen over the past 24 hours…

Jul 29 10:45

Homeownership Falls to the Lowest Level in 48 Years

In retrospect, it’s clear that unsustainable lending practices built up the housing bubble that crashed in 2007. Before that bubble popped, Americans had achieved the highest historical homeownership rate since those numbers were first tallied. It’s not surprising to find that those numbers have since dropped, but what is surprising is how far they’ve dropped in recent years.

That’s because America’s homeownership rate didn’t stop falling once it reached pre-bubble levels. Zerohedge reports that the percentage of Americans that own their home has now reached 63.4%. That is the lowest rate we’ve seen since 1967. Predictably, rental homes are starting to get pretty crowded. Vacancies for rentals have fallen to 6.8%, the lowest rate since 1986. As a result, the cost of rent is skyrocketing across the United States. In some major cities, average rent has increased 20% in just the past year.

Jul 29 10:43

Keiser Report: Bigger Fannie-Freddie are back!

In this episode of the Keiser Report Max Keiser and Stacy Herbert discuss the b-b-b-bad to the bone Fannie Mae and Freddie Mac, the two government owned facilitators of mortgage lending which are bigger and badder than ever. In the second half Max interviews Dr Youssef El-Gingihy about How to Dismantle the NHS in 10 Easy Steps.

Jul 29 09:23

Gold Manipulation: It’s Much Bigger Than You Think

By Dave Kranzler

The gold price manipulation scheme will go down as the biggest financial market scandal in US history for numerous reasons. They include the destruction of the free market system in the United States...

It has now taken on historic proportions...

Jul 29 09:13

Banks Squirm As Congress Moves To Cut The 6% Dividend Paid To Them By The Fed

Did you know that the Federal Reserve pays an annual 6% dividend to its shareholders, i.e., the member banks of the cartel? Must be nice, considering savers who had nothing to do with cratering the world economy, and failed to receive a taxpayer funded bailout, can barely earn 0.5% on their money. It’s also quite bizarre. How many other “public institutions” have private shareholders to whom they pay 6% risk free dividends? None, which once again highlights the point that the Federal Reserve is NOT a public institution working on behalf of the citizenry, but is rather a banking cartel designed to enriched and protect its member banks (as we saw on clear display in 2008). It appears that some members of Congress are now targeting the estimated $17 billion per year paid out by the Fed to its member banks via the highway-funding bill.

Jul 29 08:16

Greek crisis: Lagarde calls for 'significant' debt relief as Tsipras issues early election warning - live updates

The issue of Greece’s unsustainable debt burden has moved back up the agenda, as top officials from the country’s creditors prepare to begin talks on a third bailout.

IMF chief Christine Lagarde has reiterated the Fund’s position, that “significant” debt relief is needed, as part of a new aid deal.

Lagarde also wants to see “sensible fiscal targets” (which must take account of the recent economic turmoil), “structural measures” to reform the Greek economy, and enough funding to cover Athens’ medium-term financing needs.

Webmaster's Commentary: 

"Maybe, we could try ... a twelfth marble?" -- International Mother F***ers

Jul 29 07:27

Vulture funds demand brutal austerity measures from bankrupt Puerto Rico

A group of hedge funds that hold a large proportion of Puerto Rico’s debt have demanded that its government fires teachers, collects more taxes and reforms labor laws, as the US territory contemplates default.

The demand was stated in a report written by three economists with strong links to the International Monetary Fund and was commissioned by the Ad Hoc Group of Puerto Rico, which comprises 34 hedge funds.

Jul 29 06:21

An Expert That Correctly Called The Last Two Stock Market Crashes Is Now Predicting Another One

What I am about to share with you is quite stunning. A well-respected financial expert that correctly predicted the last two stock market crashes is now warning that we are right on the verge of the next one.

Jul 29 02:07

The Lawless Manipulation of Bullion Markets by Public Authorities

The supply of bullion in the futures markets is increased by printing uncovered contracts representing claims to gold. This artificial, indeed fraudulent, increase in the supply of paper bullion contracts drives down the price in the futures market despite high demand for bullion in the physical market and constrained supply. We will demonstrate with economic analysis and empirical evidence that the bear market in bullion is an artificial creation.

Jul 29 00:01

Student Loan Debt Grows $3,055 Every Second

Jul 28 20:39

Puerto Rico should close schools and sack teachers to pay back its debts, hedge funds say

A group of billionaire hedge fund managers have called for Puerto Rico to sack teachers and close schools so that investors can recover some of the $72 billion in debt the country owes, even though over 100 schools have already closed in the country this year alone.

Jul 28 19:19

If The American Dream Is To Own A Home, Then It Is In The Worst Shape Since 1967

Thanks to the “Obama recovery”, the rate of homeownership in the United States has fallen to the lowest level in 48 years. The percentage of Americans that own a home is widely considered to be a key indicator of the health of the middle class, and we have just learned that during the second quarter of 2015 that number dropped from 63.7 percent to 63.4 percent.

Jul 28 17:07

Homeownership reaches lowest level in 50 years

The number of homeowners has reached its lowest level in 50 years, and experts said the recession is much to blame.
The number of homeowners has reached its lowest level in 50 years, and experts said the recession is much to blame.

Jul 28 16:53

From rents to haircuts, Americans start to feel price hikes

Apartment rents are up. So are prices for restaurant meals, haircuts, gym memberships and a cup of coffee. For American consumers who have become used to flat or even falling prices for several years, an unfamiliar sight has emerged in many corners of the economy: Inflation is ticking up.

Jul 28 15:40

5 Essential Tips if You Are New to Prepping

By Dan Sullivan

Before we begin, let me make one thing clear: being prepared for most natural and man-made disasters has little to do with Doomsday, zombies or those reality shows where preppers spend hundreds of thousands on expensive gear and bunkers.

Instead, I invite you to skip over any preconceptions you may have and over what mainstream media wants you to believe and look at prepping from a different angle: one that focuses to increase your chances of survival in case of a wide variety of large- and small-scale events...

Jul 28 15:05

Audits Of Asset Forfeiture Program Uncover Funds Used To Pay Student Loans, Property Used As Rent-Free Housing

Student loan debt is a serious problem here in the US as the price of higher education continues to outpace every standard economic yard stick. Lots of people think the government should step in to do something about it. While the administration makes helpful noises and tries to figure out how it can effectively tell Americans it's alright to rack up debt and walk away from it without actually, you know, encouraging Americans to get deeply in debt and walk away from it, one government employee is taking the bold steps the US government won't to eradicate student loan debt… specifically, his.

Jul 28 13:39

When Will We Ever Learn?

Jul 28 12:33

Economic Confidence At 10-Month Low In Poll

Jul 28 11:08

Money Launderers

Jul 28 10:58

Armstrong Calling The Gold Bottom ?

Jul 28 09:40

U.S. Army engineers building roads and training facilities in Eastern Europe

Army engineers are spread across Eastern Europe this summer building roads and constructing training facilities as part of the United States’ efforts to assure its allies in the face of Russian aggression.

Jul 28 09:36

US MIDDLE CLASS STAYS DEAD: HOMEOWNERSHIP DROPS TO 48 YEAR LOW; MEDIAN ASKING RENT SOARS TO ALL TIME HIGH

Three months ago, just as the last Census Homeownership and residential vacancy report hit, Gallup released its latest survey which confirmed just how dead the American Dream has become for tens if not hundreds of millions of Americans.

According to the poll, the number of Americans who did not currently own a home and say they do not think they will buy a home in "the foreseeable future," had risen by one third to 41%, vs. "only" 31% two years ago. Non-homeowners' expectations of buying a house in the next year or five years were unchanged, suggesting little change in the short-term housing market.

As Gallup wryly puts it, "what may have been a longer-term goal for many may now not be a goal at all, and this could have an effect on the longer-term housing market."

Webmaster's Commentary: 

When Mike and I go to our local grocery store (and even the "big box" store we go to occasionally), sticker shock at food prices are very, very severe.

I don't know how people with families are making it, but the rapid escalation of food prices is indicative of the rapid escalation of prices for everything right now.

It almost feels like this country is on the verge of Wiemar-era inflation.

Jul 28 09:32

THE ECONOMIC AND FINANCIAL PROBLEMS IN EUROPE ARE ONLY JUST BEGINNING…

In all the euphoria surrounding the “deal” that temporarily kept Greece in the eurozone, I think that people have forgotten that the economic and financial fundamentals in Europe have continued to deteriorate. Whether Greece ultimately leaves the eurozone or not, a great financial crisis is inevitably coming to Europe. It is just a matter of time.
In many ways, the economy of Europe is in significantly worse shape than the U.S. economy. Just recently, the IMF issued a report which warned that the eurozone is “susceptible to negative shocks” and could be facing very tough economic times in the near future. The following comes from the Guardian…

The International Monetary Fund has warned the eurozone faces a gloomy economic outlook thanks to lingering worries over Greece, high unemployment and a banking sector still battling to shake off the financial crisis.

Webmaster's Commentary: 

It is not a matter of if, but when, Europe's economic shocks start to have a profound effect on the American economy as well.

Jul 28 09:19

Sun columnist Katie Hopkins calls for ‘euthanasia vans’ as Britain has ‘far too many old people’

Media personality Katie Hopkins claims the UK has “far too many old people” and says she would be “super keen on euthanasia vans” to eradicate the problem.

The controversial Sun columnist, who only recently apologized for the language in her inflammatory piece which referred to immigrants attempting to cross the Mediterranean as “cockroaches,” said it was “ridiculous” that animals could be put to sleep, “but not people.”

In an interview with the Radio Times, she argued although medical science allowed people to live longer, that didn’t necessarily mean it was the right path to choose.

“We just have far too many old people,” she said. “It’s ridiculous to be living in a country where we can put dogs to sleep but not people.”

Jul 28 07:44

Gold & Silver Money Has Devolved Into Debt and Plastic

Eventually the gold and silver certificates disappeared and Federal Reserve Notes replaced them. The Federal Reserve Notes looked similar to gold and silver certificates, but sadly, they were nothing more than a piece of paper that represented a loan from (hence the word “note”) or obligation of the United States, issued by the Federal Reserve.

These Federal Reserve Notes passed as money because the government decreed they were legal tender, and they were backed by “the full faith and credit” (confidence) of the U.S. government. Unfortunately the notes are not money, have no intrinsic value, and are not backed by assets. They are loans to the U.S. government backed by the debts of the United States and the future taxing power of the government.

Jul 28 06:54

Can You Feel The Panic In The Air? Fear Rises As Financial Markets All Over The Planet Start To Crash

CNN Money’s Fear & Greed Index measures the amount of fear in the financial world on a scale from 0 to 100. The closer it is to zero, the higher the level of fear.

Jul 27 19:56

Now we owe £1TRILLION on our mortgages as one in 10 say property debts are a 'heavy burden'

The amount British families owe on their mortgages has smashed through £1trillion, a new study showed today.

Half of households paying off property debts owed more than £80,000 in 2010-12, up 60 per cent on two years earlier.

Jul 27 18:43

Largest Exercise Ever, CYBER DRILL, World Stock Markets in Trouble.

ALERT! Heads Up Ppl! Israel Calls Up Hundreds of Thousands of Troops Largest Drill Ever! (Video)
http://investmentwatchblog.com/alert-heads-up-ppl-israel-calls-up-hund...

Jul 27 18:05

Apple Fake Factory Caught In China

Jul 27 15:11

Columbus cancels red-light camera contract after bribe investigation in to Mayor, Current and Former City Council Presidents, + Democratic Party

Columbus has tossed Redflex out of the city, ending its already-sidelined, red-light camera program in the midst of a federal investigation into bribes a former Redflex executive

Jul 27 14:56

The Stock Market's Ugly Truth - Only 6 Stocks Matter

When we first exposed the shockingly dire lack of breadth in US equity markets, it was shrugged off by the mainstream media as yet another 'worry' in the wall to climb. It seems, however, that facts inevitably force their way to the surface and so both Bloomberg (more than 100% of this year’s increase in the S&P 500 Index is attributable to two sectors, health-care and retail. That’s the tightest clustering for an advancing year since at least 2000) and The Wall Street Journal (Amazon, Google, Apple, Facebook, Gilead and Walt Disney Co. account for more than all of the $199 billion in market-capitalization gains in the S&P 500) have been forced to expose the ugly truth about US equities... it is not a stock market - it's a market of 6 tail-chasing momentum stocks.

Jul 27 14:54

Poland, Czech Republic Won't Join "Burning" Euro

"You shouldn’t rush when there is still smoke coming from a house that was burning. It is simply not safe to do so."

Jul 27 14:40

Columbus, Ohio Gunstoppers Program Has No Record Of Any Guns Collected

The program run jointly by the city and Crime Stoppers

related?
former head of Central Ohio Crime Stoppers said he was pressured by the Mayor Coleman’s campaign manager on where to spend tens of thousands of dollars in public money
http://12160.info/profiles/blogs/former-head-of-central-ohio-crime-sto...

Jul 27 14:29

VIDEO New "Male Privilege Tax"

The country is collapsing. The masses are totally brainwashed and have a totally absurd view of how the economy works.

Jul 27 14:24

Mining job cuts: The destructive anarchy of the capitalist market

Friday’s announcement by two major global mining companies that they plan to slash tens of thousands of jobs points to the gathering crisis in the world economy. It came amid stagnation in the advanced economies, a slowdown in China and other so-called emerging markets, and the mounting instability and outright destruction of productive capacity being created by the rise of financial parasitism.

Jul 27 14:06

22 percent of US children live in poverty: Report

Nearly one in four children are living in poverty in the United States, a higher percentage compared to the poverty rate during the Great Recession in the late 2000s, according to a new report by a child advocacy group.

About 22 percent of Americans kids, 18.7 million, lived in low-income households in 2013, a four percent increase since 2008, the Annie E. Casey Foundation said in a report released on Tuesday.

Data for 2014 are not yet available, but the report anticipates that the child poverty rate remains at an “unacceptably high level.”

Jul 27 12:26

Working Class War Fodder

Who in their right mind would be prepared to fight and die for Shell, Chevron or Coca Cola? Who with half a brain would choose to put their life on the line for Goldman Sachs, Bank of America or General Electric? Any volunteers? I’m guessing there wouldn’t be many.

Jul 27 11:48

The Stock Market Will Start To Fall In July? The Dow Plummeted More Than 500 Points Last Week

Was last week a preview of things to come? There are quite a few people out there that believe that the stock market would begin to decline in July, and that appears to be precisely what is happening. Last week, the Dow Jones Industrial Average fell by more than 530 points. It was the biggest one week decline that we have seen so far in 2015, and some are suggesting that this could only be just the beginning.

Jul 27 10:35

If Syriza Ruptures, Will Greece's Left Unite to Oppose Austerity?

Dr. Panagiotis Sotiris, Member of Antarsya, talks to Dimitri Lascaris about Syriza's failure to implement its anti-austerity program and the political options that are now available to the left in Greece

Jul 27 10:09

China's Economic Collapse Explained

Jul 27 10:02

Craig Murray: democracy in the UK is dysfunctional - an entrenched party system offers no real choice.

.... The major parties offer political programmes which are virtually indistinguishable. As I put it in lectures, if the range of possible political programmes were placed on a linear scale from 1 to 100, the Labour and Conservative parties offer you the choice between 81 and 84.

This exclusion of political possibility is reinforced by a corporate media structure, led by the BBC, in which ideas outside the narrow band of establishment consensus are ridiculed and denigrated. Therefore even political ideas which have the consistent support of the majority of the population, such as nationalisation of railways and other natural monopolies including utilities, simply cannot get an airing. Of all the broadcast coverage of the Iraq War, less than 3% gave time to anti-war voices, despite a majority opinion against the war.

This phenomenon explains why a large majority of both Conservative and Labour MPs are members of the Friends of Israel when public opinion consistently sympathises more with Palestine. It also explains the quite extraordinary media onslaught against Scottish independence.

Jul 27 09:50

THE Breakdown Of 2015 Is Now A Fact

Jul 27 09:47

Federal Reserve Issues Haunting Warning To 8 Biggest US Banks…Collapse Could Be Near

The Federal Reserve voted on July 20 to direct the eight largest U.S. banks to increase their capital levels, causing many to speculate what it is seeing on the economic horizon.

The Associated Press reports that the Fed is ordering the banks to keep their capital balance sheets “above industry requirements to cushion against unexpected losses and reduce the chances of future taxpayer bailouts.”

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