ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Aug 25 15:31

FLASHBACK 2005 - 'The Chosen': Getting In

A few years ago, I wrote a book about the rise of a new educated class, the people with 60's values and 90's money who go to Starbucks, shop at Whole Foods and drive Volvos. A woman came up to me after one of my book talks and said, "You realize what you're talking about is the Jews taking over America."

My eyes bugged out, but then I realized that she was Jewish and she knew I was, too, and between us we could acknowledge there's a lot of truth in that statement. For the Jews were the vanguard of a social movement that over the course of the 20th century transformed the American university system and the nature of the American elite.

Aug 25 14:10

Bank Tellers Want $15 An Hour, Too

Aug 25 13:54

For Immigration Answers, Look to Liberty

end birthright citizenship
end welfare/voting for illegals
pay for exit transits

Aug 25 13:46

For Immigration Answers, Look to Liberty

It is our weak economy, caused to a great degree by the Federal Reserve system and the business cycles it constantly creates, that makes the immigration situation worse for us. Neither extreme position is correct because neither takes this into consideration. A move toward more liberty would be the first step toward a normal immigration policy.

Aug 25 13:31

Televangelist politician Pat Robertson blames Black Monday on US support for abortion

As the effects of Black Monday in China were felt across the globe, one American politician thinks he knows what is causing the economic instability. Christian conservative Pat Robertson believes it was due to the US government’s support for abortion rights.

Aug 25 13:19

John Rubino – Is Worldwide QE Next?

Aug 25 12:07

Previous Warnings Come To Fruition

Aug 25 12:06

Lawsuit: US taxpayer dollars fund 'Jewish terror' against Palestinians

A rights organization has filed a complaint in the United States against an Israeli group for using US taxpayer money to sponsor “Jewish terrorism” against Palestinians.

Aug 25 12:03

Should I Wait for Lower Prices before Buying?

Aug 25 11:56

Is This Black Monday Crash The BIG ONE? It Doesn’t Matter

Plenty amongst you will be talking about economic cycles, and opportunities, and debate how to ‘play’ the crash, but all this is useless if and when a market doesn’t function. And just about all markets in the richer part of the world stopped functioning when central banks started buying assets. That’s when you stopped being investors. And when market strategies stopped making sense.

Central banks will come up with more, much more, ‘stimulus’, but what China teaches us today is that we’re woefully close to the moment when central banks will lose the faith and trust of everyone. After injecting tens of billions of dollars in markets, which thereby ceased to function, the global economy is in a bigger mess then it was prior to QE. The whole thing is one big bubble now, and we know what invariably happens to those.

More QE is not an answer. And there is no other answer left either. Those tens of trillions will need to vanish from the global economy before any market can be returned to a functioning one, and by that time of course asset prices will be fraction of what they are now. It may not happen today, but that doesn’t matter: what’s important to know is that it WILL happen.

Aug 25 11:56

How To Deal With The Global Financial Meltdown and Why It Happened

In this video Luke Rudkowski breaks down the breaking news of the global financial meltdown that started in China and is affecting the rest of the world.

Aug 25 11:46

During Every Market Crash There Are Big Ups, Big Downs And Giant Waves Of Momentum

This is exactly the type of market behavior that we would expect to see during the early stages of a major financial crisis. In every major market downturn throughout history there were big ups, big downs and giant waves of momentum, and this time around will not be any different. As I have explained repeatedly, markets tend to go up when things are calm, and they tend to go down when things get really choppy.

Aug 25 11:30

CRASH: There’s No Getting Out of This One

Aug 25 11:17

The Case for Pragmatism

Crashing global stock markets – punctuated by the bracing 1,000-plus point drop in the Dow Jones Industrial Average at the start of Monday’s trading before a partial bounce-back – are a reminder about the interdependence of today’s world economy and a wake-up call to those who think that the neocon-driven ideology of endless chaos doesn’t carry a prohibitively high price.

Aug 25 11:17

Nearly 60% of Students Are Chasing Dying Careers

By Maggie Hill

A new report from The Foundation for Young Australians (FYA) has revealed young people will be the hardest hit under a new future of work, as the economy and labour market undergo significant changes over the coming decades...

Aug 25 10:47

The Unseen Consequences of Zero-Interest-Rate Policy

There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen. Yet this difference is tremendous; for it is almost always the case that when the immediate consequence is favorable, the later consequences are disastrous, and vice versa. Hence it follows that the bad economist pursues a small present good that will be followed by a great evil, while the good economist pursues a great good to come, at the risk of a small present evil.

Aug 25 10:19

Is China Getting the Greek Treatment?

As China's stock market tumble precipitates a worldwide crash, we revisit this prescient 2011 article entitled "Illuminati Will Burst China's Bubble":
(from 28/12/11)
by David Richards
(henrymakow.com)

The mainstream media generally portray the US as a dying giant and China as an unstoppable rising power.

And yet, both countries have virtually the same debt-to-GDP levels. The US has $15 trillion worth of debt and a GDP of just over $14 trillion, while China has a GDP of $5.8 trillion and debts of $5.7 trillion.

Aug 25 09:44

3 Reasons for the Black Monday Crash

Aug 25 09:32

CAPTAIN ABANDONS SHIP: Has Tsipras Just Resigned Himself To The Dust Bin of History?

Tsipras and his party Syriza came to power on a wave on anti-austerity rhetoric that had the West shaking in their boots. Western mainstream media even called the country a ‘hub for terrorism’ the very DAY after they came to power! Their demands were seen as the main reason for their colossal victory just a few short months ago.

When it came to zero-hour Syriza and Tsipras held firm for a while, imposing capital controls and shutting down banks, yet ultimately they ended up giving in to what some saw as act of treason committed against their own people.

Tsipras plans to stage an early ‘snap’ election, and said in a live TV address that, “the political mandate of the January 25 elections has exhausted its limits and now the Greek people have to have their say.”

Aug 25 09:18

August 24 - A True Market Washout

Aug 25 09:03

White Privilege as Jewish Privilege: Shuffling through the Complex

that is . . . Military-Legal-Pharma-Media-Prison-IT-Retail-Medical-Insurance-Banking-HR-Surveillance-Hedge Fund COMPLEX

Ahh, little things count – you know, when those big bad ass union bosses pulling in $150K a year or more, yammer on about $15 an hour minimum wage, but, err, not for unions

Aug 25 08:54

Trading Was Halted 1,200 Times Monday

Aug 25 08:46

Brazil's Economy Is Now A Job Destruction Machine

Brazil's flagging economy, which is mired in stagflation and remains a slave both to China and to what looks like intractable political turmoil, has destroyed nearly 550,000 jobs YTD. As Barclays notes, " [the July] print is compatible with 140,939 job eliminations, pretty close to the historical low of -154,355 in June."

Aug 25 08:42

The Pentagon Door Revolves Again

Four-star General Ray Odierno retired from his position as U.S. Army chief of staff on Friday. Now, less than a week after mustering out, he's cashing in. The former general has taken a job as a senior adviser to the investment firm JPMorgan Chase.

Aug 25 08:31

Smoke and Mirrors of Corporate Buybacks Behind the Market Crash

Michael Hudson, the author of Killing the Host: How Financial Parasites and Debt Destroy Global Economy, says the stock market crash on Monday has very little to do with China and all to do with shortermism and buybacks of corporations inflating their own stocks.

Aug 25 08:13

Make That 4,501 Mini-Flash Crashes Then...

Aug 25 08:10

The Fed Is Spooking the Markets Not China

Have no illusions, while most market observers are quick to blame the sell-off on China, this market was given life by the Fed, and the Fed is the only force that will keep it alive.

Aug 25 08:08

Stock Market Meltdown. There Will Be No Economic Recovery.

as long as the cocaine and hopium flow, the addict is feeling fine

Aug 25 07:58

LA Times’ ‘Independent’ Education Project Bankrolled by Charter School Backers

Earlier this month, the Los Angeles Times (8/18/15) announced an initiative called Education Matters, “an ongoing, wide-ranging report card on K-12 education in Los Angeles, California and the nation.” The project will cover educational issues, including “the latest debate on curriculum or testing” and “how charter schools are changing public education.”

Aug 25 07:53

Maybe I Have This All Wrong...

Aug 25 07:52

Gold Facts and Gold Speculations

Gold was valuable 3,000 years ago and will be valuable 3,000 years from now. But can you say the same for dollars, euros, yen, or pounds?

Gold maintains its value (on average) over centuries. Can you expect similar longevity for debt based fiat currencies that are managed by politicians and created with printing presses or computers in central banks?

Aug 25 07:39

Privatization Is at the Core of Fascism

Privatizations are increasingly fashionable, such as in Greece, Ukraine, the U.S., and UK — and privatizations are a central feature of fascism.

Aug 25 07:20

Deadly Reliance on Tech: “If Internet Goes Down… Preppers Will Be Last Ones Standing”

The general public has no clue what to do if the Internet stops... and survival kicks in. Are you ready?

“If anything to do with the internet goes down, half the planet will come to a standstill,” Steve told Mirror Online, citing the fact that we work, bank and socialise online in the 21st century. “99% of your life relies on technology.”

Read more at SHTFplan.com

Aug 25 07:13

Ukraine celebrates "Independence Day" amid martial law, economic crisis

Ukraine is celebrating its Independence Day on August 24 amid martial law, its ruined economy and unprecedented inflation rates as a result of the rupture of ties with Russia.

Aug 25 07:01

It Is Time To Kick Prepping Into Overdrive, Because This Stock Market Crash Is Just The Beginning

If you have not been preparing for what is coming, you need to get off your sofa and you need to start prepping right now. Just remember what happened back in 2008.

Aug 25 06:46

As Global Selloff Deepens, US Stock Market Teeters on Edge of Collapse

World stock markets continued to plummet Monday, fueled by another steep decline in Chinese shares and concerns over a marked slowdown in the world’s second-largest economy and turmoil in emerging market economies.

Aug 25 05:28

China’s central bank cuts interest rates

Aug 25 05:22

Pre-Market Melt-Up

Aug 25 02:36

Stock Selloff: Panic Time or a Blip on the Radar?

Last Friday’s stock market bloodbath was the worst one-day crash since 2008. The Dow Jones dropped 531 points, while the S&P 500 fell 64, and the tech-heavy Nasdaq slid 171. The Dow lost more than 1,000 points on the week dipping back into the red for the year. At the same time, commodities continued to get hammered with oil prices briefly dropping below the critical $40 per barrel mark. More tellingly, the market’s so called “fear gauge” (VIX) skyrocketed to a 2015 high indicating more volatility to come. The VIX has remained at unusually low levels for a number of years as investors have grown more complacent figuring the Fed will intervene whenever stocks fall too far. But last week’s massacre cast doubts on the Central Bank’s intentions. Will the Fed ride to the rescue again or not? To the vast majority of institutional investors, who now base their buying decisions on Fed policy rather than market fundamentals, that is the crucial question.

Aug 25 02:10

Germany records multi-billion euro surplus

Germany's strong job market and its positive economic growth trajectory have ensured that the country had a surplus of €21.1 billion in the first half of 2015, according to figures released by the Federal Statistics Office (Destatis) on Tuesday.

Aug 25 01:32

Ukraine's GDP Dropped by 35% Surpassing Zimbabwe, Central African Republic

Over the past 24 years, Ukraine’s real GDP has decreased by 35 percent, which is absolutely the worst in the world, according to World Bank data, Ukrainian newspaper Zerkalo Nedeli (ZN) reported.

As Ukraine is celebrating its independence day, economists should be worried, as the country's economy has fallen to the point of no return.

Aug 25 01:14

Greece to leave euro after all? MPs in bid to cut from Brussels and return to Drachma

A group of Greek MPs who want to take the debt-ridden country out of the eurozone and bring back the former drachma currency could form a Government within three days.

The Popular Unity party is a breakaway group from current ruling party Syriza and is led by former energy minister Panagiotis Lafazanis.

Aug 24 19:33

Stock Market Panic Explained

Aug 24 16:56

BLACK MONDAY: The First Time EVER The Dow Has Dropped By More Than 500 Points On Two Consecutive Days

On Monday, the Dow Jones Industrial Average plummeted 588 points. It was the 8th worst single day stock market crash in U.S. history, and it was the first time that the Dow has ever fallen by more than 500 points on two consecutive days. But the amazing thing is that the Dow actually performed better than almost every other major global stock market on Monday.

Aug 24 16:41

Trading Was Halted 1,200 Times Monday

Aug 24 13:24

Looks like 2000 again for this tech index

Aug 24 13:06

BIGGEST PUBLIC COMPANY RUNNING YOUR STATE

Aug 24 11:08

Oil Below $39 For First Time Since 2009

Aug 24 10:36

Correction or Crisis?

Aug 24 10:36

“Breaking the Fear Factor”: Opposing War, Financial Fraud and State Terrorism, Dismantling Propaganda

We are living in a (western) world dominated by neoliberal dictators, criminals and crooks. And many of us, impregnated with the human idiocy, as so well described by Andre Vltcheck (The West Spreads Intellectual Idiocy) are every day deeper and deeper immersed into fear – fear of action, fear of what’s next – fear of losing our comfort zone. The western propaganda machine paid for by the corporate and financial oligarchy through the presstitute media is constantly indoctrinating the little we have left of our free-thinking brains.

Aug 24 10:03

Washington Supreme Court Rules All SeaTac Workers Be Paid $15 Minimum Wage

SeaTac workers have a reason to celebrate after the Washington Supreme Court ruled 5-4 yesterday that the $15 minimum wage passed by a recent voter referendum should apply to thousands of airport employees.

Aug 24 10:01

‘Millions in UK may face pension shock’

Financial experts warn of a pension shock in the UK, saying millions of Britons may have to work longer for a smaller state pension.

Many financial advisers expect the UK’s retirement age, already rising, to be go up even further.

Aug 24 09:49

Crash Rules Everything Around Me

Aug 24 09:39

Martin Armstrong On Deflation Implosions

Aug 24 09:18

Dow Industrials Bounces From 1,000-Point Plunge

WEBMASTER ADDITION: This is not a bounce, it is a rig! Markets around the world are crashing and it makes no sense for the DOW to open 1000 down, then magically climb back up to -100, other than that the FED is pouring tons of new money all over Wall Street to buy st9ocks and drive their values back up.

Who pays the price for all this new money? YOU do, through inflation.

So this is just another Wall Street scam to take more of your wealth for themselves without your permission!

"And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." -- Thomas Jefferson, in a letter to John Taylor, Monticello, May 28, 1816

Aug 24 08:45

Making Sense Of The Sudden Market Plunge

snip: The purpose of printing up trillions and trillions of dollars (supposedly) was to create economic growth, drive down unemployment, and stoke moderate inflation. On those fronts, the results have been dismal, horrible, and ineffective, respectively.

However, the results weren’t all dismal. Big banks reaped windfall profits while heaping record bonuses on themselves for being at the front of the Fed’s feeding trough. The über-wealthy enjoyed the largest increase in wealth gains in recorded history, and governments were able to borrow more and more money at cheaper and cheaper rates allowing them to deficit spend at extreme levels.

Aug 24 08:42

Greece: Chaos and Squalid Conditions Face Record Number of Refugees on Lesvos

Weak coordination and severe shortages in facilities and staffing are creating dreadful conditions for the hundreds of refugees and migrants arriving every day on the Greek island of Lesvos, which is seeing the highest number of arrivals in Greece, Amnesty International said after a research team returned from the island.

Aug 24 08:39

Banksterism 101: Banks Get Credit for Helping the Poor — By Financing Their Evictions?

In 1977, Congress wanted to make sure commercial banks fulfilled their commitment to serve all communities in America, regardless of income level. “A public charter conveys numerous economic benefits,” said William Proxmire, then head of the Senate Banking Committee, “and in return it is legitimate for public policy and regulatory practice to require some public purpose.” Under the Community Reinvestment Act, banks are periodically examined for how well they provide lending and investment to low- and moderate-income (LMI) neighborhoods where they take deposits. Since its enactment, 97 percent of all banks examined have received a “Satisfactory” or “Outstanding” grade, according to the Congressional Research Service.

Aug 24 08:21

Jeremy Corbyn will 'sack' Bank of England governor if they refuse to print free money

Richard Murphy, who is seen as the architect of Mr Corbyn's economic agenda, the so-called 'Corbynomics', warned that there was "no such thing" as an independent Bank of England.

He said that if Mr Corbyn's government wanted to use the cheap money from the Bank any governor who refused to carry out the plan for "people's quantitative easing" should be "on the next plane" out of Britain.

Under the proposal, Mr Corbyn would create a national investment bank to fund infrastructure projects which would issue debt to be bought by the Bank of England - effectively meaning the Bank would fund government spending on housing, energy, transport and other projects.

Mr Murphy said current governor Mark Carney has said it would be possible but other experts have warned the Labour leadership frontrunner’s plans would fall foul of EU laws intended to avoid runaway inflation.

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