ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Feb 05 09:30

Monsanto Actually DID Buy the BLACKWATER Mercenary Group

A report by Jeremy Scahill in The Nation revealed that the largest mercenary army in the world, Blackwater (later called Xe Services and more recently “Academi”) clandestine intelligence services was sold to the multinational Monsanto. Blackwater was renamed in 2009 after becoming famous in the world with numerous reports of abuses in Iraq, including massacres of civilians. It remains the largest private contractor of the U.S. Department of State “security services,” that practices state terrorism by giving the government the opportunity to deny it.

Almost simultaneously with the publication of this article in The Nation, the Via Campesina reported the purchase of 500,000 shares of Monsanto, for more than $23 million by the Bill and Melinda Gates Foundation, which with this action completed the outing of the mask of “philanthropy.” Another association that is not surprising.

Webmaster's Commentary: 

Feb 05 09:24

As Americans Prep for Super Bowl Sunday, Their Future Is Being Sold to the Corporate Elite

By Claire Bernish

“Films, football, beer, and above all, gambling filled up the horizon of their minds. To keep them in control was not difficult….” ? George Orwell, 1984

As Americans train their attention to Super Bowl 50, their way of life — and for nearly half a million people, their livelihoods — just got one step closer to being signed away. This Thursday, in Auckland, New Zealand, representatives of the twelve nations participating in the Trans-Pacific Partnership gathered to sign the massive trade deal turned corporate coup, bringing an end to the obligatory 90-day period ostensibly set aside for debate, following the close of five years of negotiations in October...

Feb 05 09:15

FLASHBACK - The Vaccine Hoax is Over. Documents from UK reveal 30 Years of Coverup

Freedom of Information Act in the UK filed by a doctor there has revealed 30 years of secret official documents showing that government experts have

1. Known the vaccines don’t work
2. Known they cause the diseases they are supposed to prevent
3. Known they are a hazard to children
4. Colluded to lie to the public
5. Worked to prevent safety studies

Those are the same vaccines that are mandated to children in the US.

Feb 05 09:14

BEX ALERT - U.S. Unemployment Rate Falls Below 5%

The American economy’s jobs machine cooled in January but still performed well enough to push unemployment to an eight-year low and deliver some much-needed wage gains for ordinary workers.

Webmaster's Commentary: 

Feb 05 09:11

Confirmed Mercenaries Pose as FBI in Burns Oregon

Feb 05 09:10

NOTHING CAN STOP COLLAPSE 2016 | Bo Polny

Feb 05 09:09

UKRAINE GOVERNMENT IN CHAOS AS DEALS WITH OLIGARCHS, NEO-FASCISTS FRAY

The deal was pretty simple: in exchange for aligning with the Western-backed, post-coup government in Kiev against Russia, the corrupt oligarch class of Ukraine could keep their economic power and the wealth they made looting the country. The arrangement had the value of helping to temporarily secure the government in Kiev from a second coup and providing a funding source for the far-right militias sent to fight Russian-backed separatists in the east. The oligarchs largely went along for fear of losing their positions, or even their lives, as the government in Kiev had come to power through violence and vocal opponents of the new regime began disappearing.

Feb 05 09:08

US Gambles on Design to Make Nuclear Gravity Bombs Compatible With F-35 Jet

The B-61 nuclear gravity bomb needs design changes to be compatible with, and to be delivered by the new F-35 Lightning II aircraft, but it will be years before the US Air Force knows if the changes actually work, a Government Accountability Office (GAO) report said.

Feb 05 09:01

Clinton Struggles to Explain Wall Street Ties at Debate

Clinton has been grappling with how to deal with the repeated questions from Sanders and others about her ties to Wall Street, and she tried yet another approach in the event at the University of New Hampshire in Durham. It seemed unlikely that her latest answers would put the issue to rest, in a year when seething voter anger at Wall Street has propelled Sanders to a 20-point lead in New Hampshire.

Feb 05 08:52

Baltic Dry Index

298.00

Webmaster's Commentary: 

Oops!

Feb 05 08:45

There Is No Freedom Without Truth — Paul Craig Roberts

When the Soviet Union collapsed in 1991, the “Soviet threat” was replaced with the “Muslim threat” and the “War on Terror” took over from the Cold War. Despite a succession of false flag attacks and warnings of a “thirty years war,” a few thousand lightly armed jihadists were an insufficient replacement for the Soviet Union and its thousands of nuclear ICBMs. It was an uncomfortable notion that the “world’s only superpower” could not dispose of a few terrorists.

So we are back to the Cold War with Russia. The propaganda is fast and furious. “Putin is the new Hitler.” “Russia invaded Ukraine.” Russia is about to invade the Baltics and Poland.” “Putin is a corrupt multi-billionaire.” “Putin is scheming to recreate the Soviet Union.” These accusations become headlines despite US military spending being a dozen or more times higher than Russian military spending and the Russian government expressing no hegemonic aspirations.

Feb 05 08:35

Gold And Silver Best Performing Assets – Up 9% and 8% YTD

Gold is 3.6% higher this week and is now over 9% higher year to date. The dollar saw sharp falls this week on growing doubts that the Federal Reserve will be able to raise interest rates. The gains this week were due to increasing concerns about the U.S. and global economy.

Feb 05 08:27

U.S. Seeks up to $48 Billion in Fines Against VW for Emissions Cheating

It's been nearly four months since the news broke that Volkswagen had been cheating to get around diesel emissions standards, but the scandal is far from over. The federal government has filed suit against the German automaker, and today we learned that the Department of Justice is seeking up to $48 billion in penalties.

Feb 05 08:27

TPP signing sparks dozens of protests across US over biggest trade pact

Over 35 protests were organized in US cities to mark opposition to the signing of the Trans-Pacific Partnership, a huge international trade deal between 12 Pacific Rim nations representing 40 percent of the global economy.

Webmaster's Commentary: 

"Well, who CARES what you people think? We are here to make money. MONEY! What you want doesn't matter!" -- Official White Horse Souse

Feb 05 08:11

US tech companies have stashed over $420 billion overseas

It's no secret that the US government wants companies to bring more of their offshore profits back home for the sake of taxes, and it's now exceptionally clear as to why. Bloomberg has sifted through financial filings and discovered that the top eight American tech firms, including Apple, Google and Microsoft, are keeping more than $420 billion overseas -- $69 billion of it added in just the past year. That's over a fifth of the $2.1 trillion held abroad by American companies, and would easily cover a lot of government expenses. A tax on Microsoft's recent profits alone ($29.6 billion) would cover NASA and the Commerce Department for a year; Apple ($23.3 billion) could take care of the Transportation Department and Social Security, and Oracle could foot the bill for the Labor Department.

Webmaster's Commentary: 

Corporations get away with this...because they can.

and in light of the reality that corporations own the United States Government, I seriously doubt that this is going to change anytime soon.

Feb 05 08:07

US, JAPAN, CANADA, AUSTRALIA AND 8 OTHER COUNTRIES SIGN TRANS PACIFIC PARTNERSHIP AGREEMENT

The Trans Pacific Partnership (TPP) would be horrible for Americans and the people of the world.

But most politicians are thoroughly corrupt. Neither the Democratic or Republican parties represent the interests of the American people. Both parties ignore the desires of their own bases.

So today, 12 countries – Brunei, Chile, New Zealand, Singapore, Australia Canada, Japan, Malaysia, Mexico, Peru, United States and Vietnam – signed the TPP.

They never followed through on their promise of an open and lively debate.

Webmaster's Commentary: 

Politicians in the US care only for the corporations which fund their campaigns; those people they allegedly represent have become totally irrelevant, and an annoyance to the acquisition of their person wealth.

At this moment, Americans politicians can only be characterised as a pernicious disease,metastasizing in a system guaranteed to offer them untold wealth, as long as they explicitly follow the orders of their corporate masters.

And Lloyd Blankfein wonders why the American people are furious, and ready for massive change this year, other than the establishment, which has bankrupted them, to assure the establishment's permanent gain?!?!

Feb 05 08:01

ISRAEL ‘FEELING HEAT’ OVER SETTLEMENT BUSINESSES

The consequences of Israeli occupation and anti-Palestinian discrimination for Israel’s economy are now coming faster than ever.

Feb 05 07:58

Interior Ministry: Hackers’ attack against Russian banks in 2015 affected Visa, MasterCard

An attack against the Russian banking system made by hackers last year compromised Visa and MasterCard international payment systems, representative of the Cybercrime Department of the Russian Interior Ministry Alexander Vurasko said on Thursday.

"The specificity of that [hackers’] ring was that they managed to compromise the largest international payment systems, including Visa and MasterCard. It made possible for them to attack processing center, modified transmitted information, and attack interbank exchange systems," the official said.

Feb 05 07:33

22 Signs That The Global Economic Turmoil We Have Seen So Far In 2016 Is Just The Beginning

As bad as the month of January was for the global economy, the truth is that the rest of 2016 promises to be much worse. Layoffs are increasing at a pace that we haven’t seen since the last recession, major retailers are shutting down hundreds of locations, corporate profit margins are plunging, global trade is slowing down dramatically, and several major European banks are in the process of completely imploding.

Webmaster's Commentary: 

Feb 05 07:28

Obama to propose $10-a-barrel oil tax

President Barack Obama is about to unveil an ambitious plan for a “21st century clean transportation system.” And he hopes to fund it with a tax on oil.

Webmaster's Commentary: 

And we can expect Obamatrain to work as well as Obamacare, Obamawind, and Obamasolar!

Feb 05 07:13

Stolen Wages - Fault Lines

Feb 05 07:02

The American Dream Is Dead, And Now Even The Mainstream Media Is Starting To Admit It

Are you living “the American Dream”? If so, you should consider yourself to be very fortunate, because most Americans are not. In fact, as you will see below, a new survey has found that there is nowhere on the entire planet where the average wage earner is making enough money to live “the American Dream”. Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now the middle class makes up a minority of the population, 51 percent of all American workers make less than $30,000 a year, and poverty is growing rapidly.

Feb 04 18:49

Windows 10 Solitaire requires a subscription to remove ads

Windows 10—which is out now, by the way—comes, as it used to in the pre-Win8 days, with Solitaire preinstalled. The Microsoft Solitaire Collection, in fact, which bundles the classic Klondike with other familiar variants like Freecell and Spider Solitaire, tracks stats and logs achievements, and will even have leaderboards at some point. It also has ads.
You can make the ads go away, but, as you may have guessed, it'll cost you, and not just once: The Microsoft Solitaire Collection Premium Edition is effectively a subscription service that goes for $1.50 a month, or $10 for a year.

Feb 04 16:39

Wall Street donors account for 40 percent of super PAC funds in US election

The 2016 US election campaign has exposed deep-seated popular alienation from the entire political establishment and growing anger over the domination of US society and politics by Wall Street. Democratic contender Bernie Sanders, who calls himself a democratic socialist, has capitalized on this sentiment by basing his campaign on denunciations of the “billionaire class” and an electoral process dominated by corporate money.

Feb 04 16:37

Many UK children go to school hungry

A survey conducted by YouGov on behalf of breakfast manufacturer Kellogg’s has exposed the extent of food poverty among children in the UK.

Feb 04 16:19

BREAKING: Obama Just Quietly Signed the TPP

“The American people have been left out of the Trans-Pacific Partnership from the very beginning and it shows in the resulting agreement. If this deal is enacted, the American people will be left behind as corporations benefit.”

Feb 04 16:16

America’s favorite coffee trend may be coming to an end

Several years ago, coffee pods seemed invincible. Sales of the single-serve cups were skyrocketing, more than tripling in the United States between 2011 and 2013. Sales of coffee pod machines were soaring, too, growing from 1.8 million units to 11.6 million between 2008 and 2013, according to data from market research firm Euromonitor.

Today, however, things aren't looking quite so rosy for coffee in its most convenient form.

Webmaster's Commentary: 

I thought it was a dumb idea to begin with.

Feb 04 15:49

GOLD – It’s Time to Pay Attention

Feb 04 15:44

Bleeding the Beast--Warren Jeffs, Colorado City and Homeland Security--Reported by Mike Watkiss

Feb 04 15:22

A Giga Breakout In A Mid-Sized Gold Miner

Feb 04 15:17

Autodesk announces 925 layoffs — 10% of its workforce — as part of restructuring plan

Design-focused software firm Autodesk has announced a “restructuring plan” as the company looks to expedite its transition to the cloud and a “subscription-based business model.”

Webmaster's Commentary: 

I could care less. I never did get my 3D Studio Max to install under Windows 7. As far as I am concerned, Autodesk and their subscription model can go to hell!

Feb 04 15:10

45 million Americans rely on food stamps, 1 million about to lose them – report

One in seven Americans still depends on food stamps, according to Bloomberg News. Now with the US economy on the rebound, some states are imposing time limits on the program, and that could mean trouble for the 45.4 million people relying on them.

Feb 04 15:04

The Continuing Demonization of Cash

The insidious nature of the war on cash derives not just from the hurdles governments place in the way of those who use cash, but also from the aura of suspicion that has begun to pervade private cash transactions. In a normal market economy, businesses would welcome taking cash. After all, what business would willingly turn down customers? But in the war on cash that has developed in the thirty years since money laundering was declared a federal crime, businesses have had to walk a fine line between serving customers and serving the government. And since only one of those two parties has the power to shut down a business and throw business owners and employees into prison, guess whose wishes the business owner is going to follow more often?

Feb 04 15:00

Peter Schiff: “The U.S. Is One Gigantic Bubble Economy”

The United States financial system – including the viability of the U.S. dollar – is analogous to the eruption of Mt. Vesuvius. A lot of people know something is wrong – evidenced by the growing support for the Trump candidacy – and yet 99.5% of the population is ignoring the warning signs of a systemic eruption of unknown magnitude. It’s an event that draws closer with each passing day.

Feb 04 14:49

‘Too low, too slow, too narrow’: UK economists slam Cameron’s refugee policy

The Cologne Institute for Economic research has issued some alarming figures showing that the total estimated aid for refugees for this year and the next will cost Germany 50 Billion euros.

Feb 04 14:45

Louis Cammarosano: Gold & Silver - Explosive Demand/Diminishing Supplies

Feb 04 14:45

The Dethroning of Cash: Discouraged, Penalized, Even Banned?

Stock market gyrations and deteriorating global economic conditions in the early goings of 2016 sent investors fleeing for safety. Or at least what is commonly thought to be safety.

Many in the financial media are now trotting out the bromide that “cash is king.”

But how can cash be king when central banks around the world are working diligently and creatively to PUNISH holders of cash?

Feb 04 14:37

Are Gold and Silver Miners in a hole?

Feb 04 14:28

Privatization on Steroids: Emergency Manager Who Switched Flint Water Resigns From Detroit Schools

Congress is holding its first hearing today on lead poisoning in the water supply of Flint, Michigan.

Feb 04 14:08

This Market Indicator Is Predicting a Crash

Feb 04 13:35

Gold on Track for the Mid-Benchmark Rally

Feb 04 13:07

Wells Fargo Insider Says Bank Is Preparing For Emergency Scenario

If taken at face value and believed, why would Wells Fargo be doing this? What “emergency” could take place that might cause people to swarm to a bank in such numbers that they would have to lock the bank and only allow three customers in at a time?

A bank collapse? An economic collapse? a Currency collapse?

None of these things would be good and if the claims above are true, it is a dangerous signal to the rest of us to get some money out to tie-us-over for a month or so in the event everything shuts down.

In a banking emergency, CREDIT AND DEBIT CARDS WILL NOT WORK. ATM’s will not work. Banks will be closed so that you cannot even enter your own safe deposit box.

Do you have enough cash money on-hand to get through for a couple weeks operating solely on cash? If not, you’d better get that taken care of — fast.

Feb 04 12:58

Did Something Blow A Hole In The Fed’s Balance Sheet?

The basis for this analysis is a video published today by Mike Maloney titled, Is A Financial Crisis Being Covered Up? My hats off to Mike for finding this data from the Fed because I would not have otherwise been looking for it. To help think about the analysis below, keep in mind that the Fed’s balance sheet is an aggregation of all of the Regional Fed balance sheets, which themselves are an aggregation of the banks that are members of each Regional Fed.

Feb 04 12:31

Interview 1133 – New World Next Week with James Evan Pilato

any excuse for a power grab
forcing you into bankster clutches
and designer babies for those who can afford them

Feb 04 11:55

Job cuts surged 218% in January

Feb 04 11:33

Why We’re Bearish On U.S. Housing

Feb 04 11:11

Taiwan Derivative Blow Up: A Nice Case-Study

Feb 04 10:51

Pension Fund's woeful return on investment will leave taxpayers hurting

You got lucky from 2010 to 2014, when you averaged about $552,000 a year. You were so flush that, in 2015, you gave your dependents a little extra, about $61,100.

But last year, you saw your earnings slashed to $36,800. And to make matters worse, this year your earnings will be less, way less.

And all along, however, the bills have to be paid, only they'll be higher this year.

Feb 04 10:42

US Factory Orders Slide For 14 Consecutive Months As Inventory Ratio Soars To Recession Cycle Highs

With the Services economy now catching down to Manufacturing's demise (in its lagged - not decoupled - manner), this morning's news that US Factory Orders tumbled 2.9% in December (worse than expected and the biggest MoM drop since Dec 2014) offers little hope for any bounce anytime soon. This is the 14th monthly drop in YoY factory orders - something has not happened outside of a broad US economic recession.

Webmaster's Commentary: 

No one can look at these numbers, and use the phrase "economic recovery" with a straight face.

Feb 04 10:38

DAX Plunges To 1 Year Lows As Deutsche Bank CoCos Crash, Italian Bank Stocks Slide

The collapse of Deutsche Bank continues to not just accelerate but to contagiously spread...

Deutsche Bank's CDS continues to push higher...smashing European bank risk to its highest since 2013...

And now Deutsche Bank's Contingent Capital securities are crashing - these are among the lowest securities on DB's capital structure and are screaming that problems loom.

Feb 04 10:29

Philly Municipal Pension Mess

Feb 04 09:54

Speculators Misunderstood the Oil Wars and Market Meltdown

Steve LeVine says most investors thought high priced US shale would cause a boom, then thought economy would benefit from low oil prices – so far they are wrong on both counts.

Feb 04 09:50

Pettis: China's Debt Reckoning Is Upon Us

Feb 04 09:50

Bernie has Goldman Sachs CEO running scared: Sanders’ candidacy is a ‘dangerous moment’

The head of a major banking firm is “feeling the Bern” but not in the way many of Vermont Sen. Bernie Sanders’ voters are.

Goldman Sachs CEO Lloyd Blankfein said Sanders is tapping into class-based anger against growing inequality and called his candidacy a “dangerous moment.” Blankfein was speaking Wednesday on CNBC’s “Squawk Box,” according to Politico.

“It has the potential to personalize it, it has the potential to be a dangerous moment. Not just for Wall Street not just for the people who are particularly targeted but for anybody who is a little bit out of line,” Blankfein said. “It’s a liability to say I’m going to compromise I’m going to get one millimeter off the extreme position I have and if you do you have to back track and swear to people that you’ll never compromise. It’s just incredible. It’s a moment in history.”

In January, Sanders was asked to list examples of corporate greed, and he listed Blankfein, according to Politico.

Webmaster's Commentary: 

A short memo to Lloyd Blankfein: sir, what the too big to fail banks did to so many when the mortgage and economic crises hit, coupled with relentless offshoring/outsourcing of jobs, has many Americans furious, underemployed, and economically on the skids.

They have an absolute right to their anger; the question is, how will that anger be expressed?!? As a Christian pacifist, who never advocates violence (because violence is something the Federal government is ready to suppress, with extreme prejudice), I am hopeful that the anger people feel will not be expressed through violence.

Unfortunately you, and those like you, are incapable of having a profoundly necessary "Buddha on the Road moment", because you have become deaf, dumb, and blind to the misery so many of the policies you champion have caused.

But there is a question that you and your colleagues need to address: if candidates for both parties are simply "pre-manufactured" and both completely beholden to the major corporations and banks, what does that say about the American political process?!?

Such choices, by the Democrats and Republicans, would ultimately and logically mean that the American people have absolutely, utterly no say whatsoever in the political process, and it is so crooked that the corporately "chosen" politicians have to screw their socks on in the morning.

The Fed needs to be abolished; money should become a public utility, and not a loan at interest; the allegedly "too big to fail" banks need to be broken up, and the needs of the people, not the needs of the corporations, must again become the first, and foremost priorities for this government.

The so-called "financial establishment" has had more than enough time to fix those fundamental, integral problems which have been destroying the American economy, and with it, its people, and has failed, utterly, miserably, and horrifically.

This, sir, ultimately, cannot continue, and I hope the change coming in this country will be peaceful

Feb 04 09:38

Shell CEO confirms 10K layoffs due to merger with BG

The CEO of Shell early Thursday confirmed there will be 10,000 layoffs as the company merges with BG Group and deals with lower oil prices.

"The completion of the BG transaction, which we are expecting in a matter of weeks, marks the start of a new chapter in Shell, rejuvenating the company, and improving shareholder returns," CEO Ben Van Beurden stated in a press release. "As we have previously indicated, this will include a reduction of some 10,000 staff and direct contractor positions in 2015-16 across both companies."

The announcement comes after the company reported a 44 percent drop in Q4 earnings.

Feb 04 09:38

US layoffs surge to 6-month high

Layoffs surged in January to the highest levels since July as employers in the retail and energy sectors pulled out the pink slips, according to a private survey out Thursday.

U.S.-based companies announced 75,114 planned job cuts last month, up more than 200 percent from a 15-year low in December, according to global outplacement firm Challenger, Gray & Christmas. That figure was also 42 percent higher from a year ago.

Feb 04 09:22

Currency Wars and 'The Big Reset'

Feb 04 09:19

Bills Seek Transparency of Shell Companies

Bills requiring greater transparency of shell companies were introduced in Congress on Wednesday, continuing a yearlong legislative effort to shine light into one of the darkest recesses of business dealings in the United States.

Shell companies, often limited liability companies, are registered at the state level and, in numerous states, the government is not given the name of the person who actually owns the company. This opacity is a significant barrier for law enforcement authorities when they are investigating money laundering and other crimes involving shell companies.

Feb 04 09:15

Disgraced ex-IMF chief Strauss-Kahn joins Ukraine bank

Disgraced former IMF chief Dominique Strauss-Kahn has been appointed to the supervisory board of a bank owned by Ukraine's second richest businessman Viktor Pinchuk.

Kiev's Kredit-Dnipro Bank said the decision to accept Strauss-Kahn and five others to the advisory body was taken on Monday and goes into immediate effect. It added that Strauss-Kahn would serve as an independent committee member who does not represent shareholders' interests.

Pinchuk is the son-in-law of former Ukrainian president Leonid Kuchma and is believed to have holdings worth US$1.43 billion (€1.29 billion), according to Forbes magazine.

Strauss-Kahn led the International Monetary Fund from 2007 until his forced 2011 resignation over rape charges in a New York hotel. The scandal derailed the Frenchman's presidential ambitions even though it was later dismissed in court.

Webmaster's Commentary: 

Talk about a marriage made in heaven!!

And if Kredit-Dnipro Bank has made the statement that "...Strauss-Kahn would serve as an independent committee member who does not represent shareholders' interests.", it is obvious he will be representing the interests only of its owner, Viktor Pinchuk.

Unfortunately, this won't help the struggling Ukranian economy one bit, and I am sure that Pinchuk and Strauss-Khan have plans to pick up a number of failing Ukrainian businesses for a song, strip their assets, and leave many more unemployed, in the truest sense of vulture capitalism.

Feb 04 08:51

Financial intelligence of Russia, Iraq, Iran, Syria agree to fight financing IS together

Russia’s Financial Monitoring Service (Rosfinmonitoring) told TASS on Thursday that heads of intelligence services of Russia, Iraq, Iran and Syria held a meeting in Moscow on Wednesday and discussed strengthening cooperation in fighting against financing of terrorism. At the end of the meeting, Russia’s Financial Monitoring Service signed several agreements on cooperation in this sphere with Syria’s Anti-Money Laundering and Anti-Terrorism Financing Commission and Iranian Economy Ministry’s Center for Financial Intelligence and Fight against Money Laundering.

Feb 04 08:50

Six OPEC states ready for emergency meeting with non-OPEC members — Venezuela's minister

According to the minister, such OPEC member-states as Iraq, Algeria, Nigeria, Ecuador, Iran and Venezuela as well as non-OPEC members Oman and Russia have given their consent. "The idea is not only to hold the meeting but to reach particular results," he was cited as saying by Iran's news agency Shana. The official is expected to discuss the prospects of convening an emergency meeting on oil during his visit to the countries of the Persian Gulf - Qatar, Saudi Arabia and Oman.

Feb 04 08:26

Who has to work the longest to buy an iPhone?

Feb 04 08:21

Shell ready for more cost cuts as earnings fall 87 percent on weak oil prices

Shell, whose shareholders last week approved its takeover of rival BG Group (BG.L), said 2015 income fell 87 percent to $1.94 billion (1.33 billion pound), in line with analysts' estimates, as its oil and gas production unit took a big hit from slumping oil prices.

Feb 04 08:20

Bill Gross: 'Shades of 2007' as central banks flunk

Low interest rates and massive levels of central bank intervention have failed to generate strong economic growth and are beginning to endanger investors, bond guru Bill Gross said in his latest analysis.

Around the world, high debt levels combined with slow economic growth and tumbling oil prices are providing obstacles that extreme easing has been unable to cure, he said.

Feb 04 08:15

Beijing Vs DC: The Battle for Southeast Asia

By Tony Cartalucci

The Straits Times published an opinion piece by the London-based Rob Edens. Wishfully titled, “South-east Asia fast becoming unfriendly territory for China,” it attempts to portray Southeast Asia as increasingly pivoting West toward Washington, coincidentally just as Washington was “pivoting” East toward Asia...

Feb 04 08:10

Epic Battle: Hedge Funds Versus China

Feb 04 08:01

The Opaque Process of Collapse

The ultimate cost of protecting the privileges of the few at the expense of the many is the dissolution of the social order that enabled the rule of the privileged few.

Feb 04 07:20

U.S. Greater Depression is ALREADY accelerating

With the U.S. economy plummeting lower now, and the manufacturing sector leading the way down, we get another example of the media mouthpieces TORTURING the English language, in order to pretend that bad news is "good news" (or at least not-bad news).

It involves the U.S. manufacturing indices. I've explained these dynamics at least once before, but it's something that's never explained by the mainstream media (of course), so it's probably helpful to review the concepts here again. Each new, incremental reading is derived from the data which existed at the beginning of that month. That is a more technical way of stating that each month's number is CUMULATIVE, with respect to the month(s) prior to that.

Feb 04 07:20

Goldman Sachs makes oil prices drop

"We must prepare for the worst scenario but it would be nice to be proven wrong" - is the leitmotif of virtually all major news-makers. And it is becoming obvious that the oil cartel OPEC, that, incidentally, has been created to protect the oil producers themselves, found itself in a very difficult position because of all that.

Possibly, the cartel members realized that it is much better to keep oil prices high and by doing so to help the competitors with the shale mining (fracking), or to produce at a low price, than not to produce at all. Mikhail Leontieff has been keeping a close look at the markets and his attention was drawn to the fact that the most pessimistic forecasts are being voiced by the most active players.

Feb 04 06:53

Goodbye Petrodollar: Russia Accepts Yuan, Is Now China's Biggest Oil Partner

At the start of the decade, Saudi Arabia enjoyed a 20% share of Chinese crude imports, while Russia was lagging far behind with 7%. Now the Saudis find themselves neck and neck with Moscow for the lead in Chinese market share, with both performing in the 13-16% range. But Russia's share continues to rise, as The Kingdom struggles to maintain a foothold. Why? Analysts attribute Russia's huge market share growth to its willingness to accept yuan, while Saudi Arabia is still clinging to blood-soaked dollars...

Feb 04 06:51

19,000,000,000,000 Reasons America Is in Deep Trouble

Debt is expected to exceed $23 trillion by end of the decade...

Feb 03 20:39

A Golden Age for Pentagon Waste

As we have often noted one of the giant logs stuck in the eye of many conservatives, people who typically argue for smaller government, is that they often defend military spending with little reservation. Defense, we are told is enumerated in the Constitution and as such is a legitimate expenditure. And yes, defense, is enumerated in the Constitution. Massive unchecked spending, undeclared wars, and bases around the world are not however enumerated in the Constitution.

Feb 03 17:33

EX-IMF chief Strauss-Kahn joins Ukraine bank

Disgraced former IMF chief Dominique Strauss-Kahn has been appointed to the supervisory board of a bank owned by Ukraine's second richest businessman Viktor Pinchuk. Kiev's Kredit-Dnipro Bank said the decision to accept Strauss-Kahn and five others to the advisory body was taken on Monday and goes into immediate effect. It added that Strauss-Kahn would serve as an independent committee member who does not represent shareholders' interests.

Feb 03 17:32

Federal Reserve Going Back To ZIRP

Feb 03 17:18

Toxic Pool of Bad Loans Threatens World Economy

Beneath the surface of the global financial system lurks a multitrillion-dollar problem that could sap the strength of large economies for years to come. The problem is the giant, stagnant pool of loans that companies and people around the world are struggling to pay back. Bad debts have been a drag on economic activity ever since the financial crisis of 2008, but in recent months, the threat posed by an overhang of bad loans appears to be rising. China is the biggest source of worry. Some analysts estimate that China’s troubled credit could exceed $5 trillion, a staggering number that is equivalent to half the size of the country’s annual economic output.

Feb 03 16:27

Oxfam Says Privatization, Tax Havens Drive Global Inequality to Staggering Levels

Extended web-only interview with Raymond Offenheiser, president of Oxfam America.

Feb 03 16:11

The Global Conspiracy to Ban Cash: “Regulated, Restricted and Phased Out” Of Existence

If you’ve ever wanted to live in a world where bankers hold all the power, not just over money but over people too, then you have a lot to look forward to.

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