ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jul 24 06:48

11 signs that America has already gone down the toilet

Just when you think that the depravity of the United States cannot possibly get any worse, something else comes along to surprise us. Many of the things that you are about to read about in this article are incredibly disturbing, but it is important that we face the truth about how far this nation has fallen.

Jul 24 06:47

Is the Echo Housing Bubble About to Burst?

Jul 24 06:18

Crime Pays: JPMorgan Chase Closes at All-Time High – As Financial Crises Sprout Like ‘08

From the looks of JPMorgan’s share price, one would think the financial world is bathing in a sea of tranquility rather than experiencing crashing commodity prices, tremors in the Eurozone, Canada acknowledging two quarters of contraction, ruptures in China’s stock markets, and energy and mining junk bonds losing 20 to 30 percent in a month.

Jul 24 05:15

New Low, Nice Bounce

Jul 24 04:43

50 Years Ago Today US Government Debased Silver Coinage

The Coinage Act of 1965 debased the coinage of silver from the dimes and quarter dollars and diminished the silver content of the half dollar from 90% to 40% before it, too, lost all of its silver content about 5 years later. The US government claimed the reason for the act was coin shortages caused by the increase in the price of silver. The Act also forbade the mintage silver dollars for five years.

The demonetization of the silver came just over two year after US President John F. Kennedy delegated authority to the Secretary of the Treasury to issue silver certificates. In his book Crossfire, Jim Marrs posits that Kennedy created silver certificates to undermine the power of the Federal Reserve, though others say that Kennedy’s decision was merely a matter of convenience during a time of transition away from silver certificates.

Jul 23 23:11

More Layoffs Announced At IBM

Jul 23 19:32

The Human Farm and The Cage You Were Born Into

Isaac Davis, Staff Writer
Waking Times

Slavery never truly ended, it merely transformed itself. Once, we had horrors like the Dutch slave trade, and now we have the horrors of global debt slavery. As more nations like Greece collapse under the weight of debt obligations to the international banking cartel, and as more of the world’s people are forced into austerity and suffering in order to appease the richest people in the world, it will become ever more clear that the global system of debt slavery is finally collapsing.

Jul 23 15:56

Easing does it: More cash rate cuts on the horizon

NOTE: It has not worked anywhere else so I don't know why they think it will work here. Because of cheap money, there is a huge housing bubble in Auckland. Bring on the collapse I say!

Reserve Bank governor Graeme Wheeler yesterday delivered the 25 basis points cut to the official cash rate down to 3 per cent that the markets had expected and foreshadowed more to come.

The bank's forward guidance maintained, even strengthened its easing bias: "At this point some further easing seems likely" where six weeks ago it was "further easing may be appropriate".

Deutsche Bank chief economist Darren Gibbs sees that as official sanctioning of market pricing of at least one further rate cut at the next review on September 10. Gibbs is among the majority of analysts who expect a fourth cut, fully unwinding last year's tightening, by the end of the year.

Jul 23 15:46

Wage gap hits record 373-to-1, Obama efforts to curb ‘minimal’

A new analysis of CEO pay and benefits reveals that the top executives at the top S&P 500 companies earned another $2 million last year, for an average package of $22.6 million, expanding the wage gap with workers to 373 to 1.

Jul 23 15:46

Why credit card rates won't be coming down

The cash rate looks set to come down again but don't expect to see any cuts to your credit card interest rate as a result.

While mortgage-holders are benefiting from sub-5 per cent home loan rates credit card interest rates remain stubbornly high with most of the major high street banks charging 20.95 per cent on their standard cards for purchases.

That's because credit card debt is considered unsecured debt unlike your mortgage where a bank can sell your house if you fail to make payments.

Read more:
• Reserve Bank cuts Official Cash Rate to 3 per cent - banks follow suit
• Brian Fallow: Graeme Wheeler has struck the right note

New Zealand Banker's Association chief executive Kirk Hope says the high interest rates are reflective of the greater risk your bank is taking in lending you money it may not get back.

"The greater risk for the bank is reflected in the higher interest rate."

Jul 23 15:07

Confederate History-Dispelling The Myths

History books, the media, the school systems, etc abound in falsehoods and inaccuracies of Confederate and Southern history. This fact sheet will help to clarify and dispell some of these rampant inaccuracies.

MYTH - The War of 1861 - 1865 was fought over slavery.

FACT - Terribly untrue. The North fought the war over money. Plain and simple. When the South started Secession, Lincoln was asked, "Why not let the South go in peace?" To which he replied, "I can't let them go. Who would pay for the government?" Sensing total financial ruin for the North, Lincoln waged war on the South. The South fought the War to repel Northern aggression and invasion.

Jul 23 14:14

MTV Is About To Go Under As Consumers Ditch TV

Jul 23 12:37

Clashes at large-scale Greek protest against bailout deal in Athens PHOTOS

Jul 23 12:36

Kremlin to Seize Foreign Assets in Response to Frozen Russian Capital

The Russian government’s Commission on Legislative Affairs approved a bill that would allow Russia to seize foreign state assets without consulting them.

According to the new bill, Russia will be able to seize foreign state assets from countries that would infringe Russia's jurisdictional immunity.

The Ministry of Justice said the new law is to bring parity on the existing "jurisdictional imbalance" between Russia and other countries. In other words, Russia will now seize the state assets of other countries in proportion to the amount of Russian assets frozen in those countries.

Jul 23 12:22

Greece’s Parliament Cannot Override the NO Vote. The Agreement with the Creditors is Illegal

Neither the Parliament nor the government can rescind the VOTE of the Greek people on the July 5 2015.

Under a democracy, the government has a responsibility to implement the NO vote in the Referendum, which was sponsored by the Syriza government in the first place.

If it is not willing to respond to the demands of the Greek people it must resign.

Webmaster's Commentary: 

Or be fired.

Jul 23 11:42

Texas To Federal Reserve: Give Back Our Gold

• Texas wants $1 billion in gold back from the Federal Reserve.

• State also wants to take care of its own border security.

Texans are so fed up with federal-government overreach that they’re considering taking some drastic measures as a means of reclaiming their sovereignty and independence.

Jul 23 11:22

Dictators and Billionaires Demand Creation of UN Tax Agency

As globalist forces and the international institutions they control openly prepare to plunder humanity’s wealth, Third World dictators and tax-funded “civil society” groups have stepped up their demands for a United Nations tax authority — supposedly to ensure that they all get their “fair share” of the loot from Western taxpayers and businesses. The coalition to create the proposed UN tax regime includes more than 130 national governments and dictatorships involved in the G77, which recently demanded a "New World Order to Live Well," along with various shadowy front groups funded by the European Union and globalist billionaires such as Bill Gates. Key elements of the plot were unsuccesful, this time, but the global-tax agenda and those pushing it are not going away any time soon — and they did manage to create "Tax Inspectors Without Borders."

Jul 23 11:20

Congress headed for potential shutdown as GOP admits spending bills stalled

Congress won’t get its spending bills done in time for the new fiscal year, House Speaker John A. Boehner said Thursday, saying they’ll need to pass a short-term stopgap to prevent a government shutdown.

It marked a grim admission from GOP leaders who, after winning control of the Senate in last year’s elections, had promised to do better at writing the dozen annual spending bills that keep the basic operations of government running year-to-year.

Webmaster's Commentary: 

Jul 23 11:11

Poland: We Won't Pay a Penny for Greece

In the latest sign of friction in the European Union over the Greek debt crisis, Poland’s prime minister has reiterated assurances that any bailouts given to Athens will have to be funded entirely by the Eurozone, without any burden on Polish taxpayers.

Jul 23 11:11

Anti-austerity protest in Athens as MPs vote for second bailout reform package (PHOTOS, VIDEO)

Several thousand anti-austerity protesters staged a rally in Syntagma Square in central Athens as the MPs in the nearby parliament building were voting on a second package of reforms required to secure a third international bailout from EU-IMF creditors.

Police presence was heavy in the area after last week’s much larger, 12,000-strong protest concluded with clashes, with police using tear gas against Molotov cocktail-throwing youths.

The rally on Wednesday was peaceful for the most part, with the only isolated incidents of violence reported as protesters were leaving the square.

Journalists at Syntagma reported that someone detonated a petrol bomb near the police ranks, but order was quickly restored in the Greek capital.

Jul 23 10:20

Gold, Silver, Equities: Megaphone Patterns

Jul 23 10:06

Where Gold Goes from Here

On Monday, the price of gold briefly fell to $1080 per ounce, which is the lowest price it has seen in 5 years. As of today, it still hasn’t returned to its previous level. This devastating crash, coupled with the downward trend that gold has seen in recent years, has left investors questioning the long-term fundamentals of gold. It wasn’t that long ago that gold sellers were promising nothing but gains for the foreseeable future, so it’s understandable that some folks would be skeptical of gold’s future.

Jul 23 09:23

Gold - Confiscation of Middle Class Wealth?

Do you think the New World Order will allow you to keep that much money outside their system? Of course not.

Jul 23 08:51

CDC Suggests Mothers Delay Breastfeeding to Enhance Vaccine

Here it is – I know not everyone agrees about vaccines, and that’s O.K. But what isn’t O.K. is when a government agency meant to prevent the spread of disease (well, at least that’s what they say openly) tells mothers to stop doing one thing that has mountains of evidence behind it to prove that it is not only beneficial, but vital to an infant’s health.

Jul 23 08:18

Comparison of October 2007 and today

Jul 23 08:07

Shock of Slow Decline: “Economic Conditions Substantially Worse Than During Last Crisis”

Did you know that the percentage of children in the United States that are living in poverty is actually significantly higher than it was back in 2008? When I write about an “economic collapse”, most people think of a collapse of the financial markets. And without a doubt, one is coming very shortly, but let us not neglect the long-term economic collapse that is already happening all around us.

Jul 23 07:14

5-minute music videos: ‘One Love’ ‘Ripples,’ dances around the world as THE demanded economic & political context

*hyperlinks/videos live at source*

https://www.youtube.com/watch?v=4xjPODksI08

https://www.youtube.com/watch?v=MHo1fNnXFVU

https://www.youtube.com/watch?v=Pwe-pA6TaZk

“We’re gonna’ trip the light,
we’re gonna’ break the night.
And we’ll see with new eyes
when we trip the light.

Remember we’re lost together,
remember we’re the same.
We hold the burning rhythm in our hearts.
We hold the flame.” - Trip the Light song from Matt’s dance video (Garry Schyman, sung by Alicia Lemke)

Playing for change contributes to the human challenge to inspire, connect, and bring peace to the world. “Where the hell is Matt” Harding resonates a similar contribution.

In observation we all make, it seems 95%+ of humans want a world these videos artistically communicate: love, cooperation, and genuine progress.

Jul 23 06:36

Shock report: China dumps half a trillion dollars: “Something is very, very wrong”

We’ve recently reported that China is preparing for something very big in currency markets this October. We then learned that economic models from two very well known financial forecasters are predicting that governments around the world will run into serious problems starting around October 2nd of this year.

Jul 22 22:05

The Tragicomedy Performed at the Greek Parliament

Watching lawmakers in the Greek parliament speak about the required reforms they have to vote for in order for Greece to start negotiations for the third bailout package is like watching an absurd tragicomedy. It would have been hilarious if it was performed at a time of normality.

Jul 22 21:59

Protesters throw Molotov cocktails at riot police in front of Greek parliament

An anti-austerity protest was held outside the Greek Parliament in Athens ahead of the vote on the implementation of further austerity measures, Wednesday, resulting in protesters throwing Molotov cocktails at police.

Jul 22 21:48

Germany, the Troika and the EU: Who rules Europe?

From the outbreak of Europe's debt crisis in 2010, Germany and the Troika institutions of the European Commission, European Central Bank and IMF have come to wield immense influence over the continent and the populations within it. This video examines the individuals and institutions of power in Europe.

Jul 22 21:21

Money Launderer Well Fargo To Cut Jobs

Jul 22 19:02

At Wall Street Journal, Government-Enforced Monopolies = ‘Free Market’

Those folks at the Wall Street Journal are really turning reality on its head. Today it ran a column by Robert Ingram, a former CEO of Glaxo Wellcome, complaining about efforts to pass “transparency” legislation in Massachusetts, New York and a number of other states.

Jul 22 18:05

If We Were Going To See A Stock Market Crash In The United States In The Fall Of 2015, We Would Expect To See Commodity Prices Begin To Crash A Few Months Ahead Of Time – So Guess What Is Happening Right Now?

When global economic activity slows down, demand for raw materials sinks and prices drop. So important global commodities such as copper, iron ore, aluminum, zinc, nickel, lead, tin and lumber are all considered to be key “leading indicators” that can tell us a lot about where things are heading next. And what they are telling us right now is that we are rapidly approaching a global economic meltdown.

Jul 22 16:08

McCullough: Gold vs. Central Bankers?

Jul 22 15:38

12 Ways The Economy Is Already In Worse Shape Than It Was During The Depths Of The Last Recession

...if you stand back and take a broader view of things, what has been happening to the U.S. economy truly is quite shocking. The following are 12 ways that the U.S. economy is already in worse shape than it was during the depths of the last recession…

Jul 22 15:11

The advertising glut dooms the social media industry

Webmaster addition: I would love to be able to run this site with no ads, but it just cannot be done. The first 12 years I ran this web site I did pay for it out of my own pocket, but my film career has been ended, and if you all want to continue coming to whatreallyhappened.com then it is donate more or deal with the ads. And yes, some of the ads are clearly intended to lure readers away with girlie pictures and other tabloid-esque tricks. I am getting frustrated with the emails from readers who are not paid members (paid members do not see the ads) acting like I am under some kind of obligation to provide whatreallyhappened.com as a free service to them and complaining about how "commercial" I am becoming. I dare those whiners to get off their butts and create/run a website like this for twenty plus years and see if it is as easy as they seem to think it must be. This is a 14 hour a day job for which I am not paid. I don't make money off of the radio show.

Jul 22 13:05

THE LOOTING OF SOCIAL SECURITY TO BALANCE THE FEDERAL BUDGET

GREENSPAN: I will wait to see what the numbers look like.

HOLLINGS: Well, the truth is...ah, shoot, well, we all know there's Washington's math problem. Alan Sloan in this past week's Newsweek says he spends 150%. What we've been doing, Mr. Chairman, in all reality, is taken a hundred billion out of the Social Security Trust Fund, transferring it over to the spending column, and spending it. Our friends to the left here are getting their tax cuts, we getting our spending increases, and hollering surplus, surplus, and balanced budget, and balanced budget plans when we continue to spend a hundred billion more than we take in.

Webmaster's Commentary: 

Reposted in light of the announcement that the Social Security Disability Fund has run out of money!

Jul 22 12:53

Far More Despicable Than Treason.

America is an occupied nation. Our soldiers die at the whim of our occupying powers. Our wealth is stolen. Our streets are occupied by millions of street thugs. Our government imports illegal drugs into the USA by the planeload which is sold at a profit. Then drug addicts rob us to pay for their addictions. Often those same planes that flew drugs into America are used to fly out children who were sold to wealthy pedophiles overseas.

The occupying power has been looting us. The Department of Defense has admitted that they spent $8.5 trillion that cannot be traced. I remember Max Keiser and Stacy Herbert saying that Dubai bank managers told them that American contractors from Iraq and Afghanistan made average deposits of $2.5 million in cash before rotating home.

Jul 22 12:37

Five Years Later, Dodd-Frank is on the Chopping Block

On the fifth anniversary of the Dodd-Frank financial reform package, few are touting tis success. While Democrats try to uphold a piece of legislation that's only a husk of its original self, Republicans want to dismantle completely what's left of it.

REP. JEB HENSARLING (R-TX): Just like Obamacare, Dodd-Frank is leftist. With fewer choices, higher costs, and less freedom. It's time we commit to making sure this anniversary is Dodd-Frank's last anniversary.

HEDGES: Supporters of the bill say Dodd-Frank has been beneficial, from the creation of the Consumer Financial Protection Bureau, or CFPB, to rules on risky trading and more transparency, advocates say that if anything, Dodd-Frank doesn't go far enough.

Jul 22 12:27

Brooklyn Hipsters Sell Water For $11 A Liter

Jul 22 11:51

War Profiteers: Victoria Nuland and Co. Making Money on Endless Wars

American neocons have turned wars into a profitable business, a US investigative journalist exposes, nailing Assistant Secretary of State Victoria Nuland and her husband, arch-neocon Robert Kagan, for their dubious foreign strategy.

Despite the unsuccessful and disastrous Iraqi war launched under the George W. Bush administration, neocons still play the first fiddle in Washington, American investigative journalist Robert Parry emphasizes.

Jul 22 11:30

Chilling Words In A Steamy Market

Jul 22 11:09

Are we evolving beyond capitalism?

Jul 22 10:47

Makerspaces and the Future of Healthcare

By Brian Berletic

Bangkok-based makerspace Maker Zoo just recently gave a talk at the invitation of Bangkok's Queen Sirikit National Institute of Child Health (QSNICH). The talk was meant to give an introduction to healthcare professionals about the tools and techniques used by makers to develop prototypes at breakneck speed and for a fraction of the cost of traditional processes and to talk a little about the potential collaboration between healthcare institutions and makerspaces...

Jul 22 10:41

Psychopathy in Politics and Finance - Stefan Verstappen on GRTV

Jul 22 10:39

BRICS/SCO sow panic in Exceptionalistan

As austerity-ravaged Europe watches its undemocratic “institutions” grapple with the Greek tragedy, and the US backtracks on a fair nuclear deal with Iran, geopolitical tectonic plates are shifting in the Urals.

Can you feel an inchoate multipolar world? Well, just look right here at the BRICS 2015 Ufa declaration. The EU is hardly featured in the BRICS declaration and not by accident.

Forget about the dead on arrival G7. This – the joint BRICS/SCO summit – is the real deal in 2015. Russia’s diplomatic masterstroke was to merge two summits – BRICS and the Shanghai Cooperation Organization (SCO) - with a third, informal meeting of the Eurasian Economic Union (EEU).

Jul 22 10:24

China's Record Dumping Of US Treasuries Leaves Goldman Speechless

We then put China's change in FX reserves alongside the total Treasury holdings of China and its "anonymous" offshore Treasury dealer Euroclear (aka "Belgium") as released by TIC, and found that the dramatic relationship which we first discovered back in May, has persisted - namely virtually the entire delta in Chinese FX reserves come via China's US Treasury holdings. As in they are being aggressively sold, to the tune of $107 billion in Treasury sales so far in 2015.

Jul 22 10:23

Wall Street Prepares To Reap Billions From Another Main Street Wipe Out

On Monday evening, we noted that market participants are reducing the size of their trades and turning to derivatives in order to avoid the perils associated with what are increasingly illiquid markets.

While we’ve been pounding the table on bond market liquidity for years, the rest of the world (operating on the standard 2-3 year time lag) has just begun to wake up to how thin markets have become. Now, pundits, analysts, billionaire bankers, and incorrigible corporate raiders alike are shouting from the rooftops about the pitfalls of illiquidity. The secondary market for corporate credit has received the lion’s share of the attention (for reasons we outlined yesterday) and as Carl Icahn was at pains to explain to Larry Fink last week, ETFs are a large part of the problem.

Jul 22 10:07

New Jersey doubles state allocation for Holocaust survivors

New Jersey has doubled the allocations in its state budget for Holocaust survivors.

The state’s Jewish Family Service agencies will receive $400,000 in the new fiscal year to serve Holocaust survivors as part of a “Grants in Aid” allocation, the New Jersey Jewish News reported.

The allocation announced earlier this month brings the three-year total to $1 million in state funding for services to New Jersey’s 4,700 Holocaust survivors, according to the newspaper.

The additional funding will provide survivors with 11,000 hours of home care service, 3,000 meals, and 1,500 hours of case work and social service needs management, according to the New Jersey Jewish News.

Jul 22 08:41

Israeli college in East Jerusalem bags $15 million of EU funds

The “earthquake” claim was made by an unnamed official who was widely quoted in the press. The official had voiced displeasure at new EU “guidelines” stating that the Union would not award subsidies to Israeli firms or institutions based in the occupied West Bank (including East Jerusalem).

I was skeptical of these guidelines. While Prime Minister Benjamin Netanyahu depicted them as an existential threat to Israel, my feeling was that they did little more than reiterate the EU’s official policies.

Because they did not seem to be accompanied by a proper monitoring system, I also felt that it would be easy for Israeli institutions or companies active in the West Bank to circumvent them.

The latest available data on Horizon 2020, the EU’s scientific research program, proves that my skepticism was well-founded.

Jul 22 07:55

Three Israelis arrested in relation to JPMorgan hack, securities fraud

U.S. and Israeli authorities arrested four people in Israel and Florida on Tuesday in connection with several fraud schemes tied to last summer's massive data breach at JPMorgan Chase & Co, according to news reports.

The hacking of JPMorgan's computers compromised information in 83 million household and small business accounts, making it one of the largest such breaches in history.

Jul 22 06:49

Will September 2015 change everything? “Ship is going down”

We have heard a lot of dire predictions listing September 2015 as the “event” date, people claiming asteroids or comets would hit, visions of earthquakes and tsunamis, and many pointing to the religious connotations of the 7 year Shemitah cycle… but in the interview you will hear below with financial expert Jeff Berwick, he looks at the Shemitah cycle not through a religious prism, but from a financial analysis point of view.

Jul 22 06:43

3-minute poetic video: .01% tell the 99.99% we’re worthless, that’s the economic problem. Ready for arrests of .01% criminals?

*hyperlinks/videos live at source*

hat tips: What really happened, Wake up from your slumber and Agnes Torok

“Say it’s not political, say it’s just the way it is that food banks can be cut but big banks need to be bailed out.” (from the following 3-minute poetic video)

https://www.youtube.com/watch?v=kiaxHUFAWew

The economic and political costs of Earth’s current .01% “leadership” demand responsible citizenry response of arrests for OBVIOUS crimes centering in war and money.

The Emperor’s New Clothes facts:

Jul 22 06:00

Iran agreement defeats US neocons: Ron Paul

Former US presidential candidate Ron Paul says the successful conclusion of nuclear talks between Iran and the P5+1 group of countries has defeated America’s neoconservatives seeking war against the Islamic Republic.

Jul 22 05:39

Germany, Iran discuss banking issues

Iran and Germany have discussed expanding banking cooperation which is vital to Tehran’s rehabilitation into the global financial fold from which it was shut off for years under draconian US and European sanctions.

A major achievement of last week’s finalization of nuclear talks for Iran was its restored access to the global financial transfer system called the Society for Worldwide Interbank Financial Telecommunication or SWIFT.

Jul 22 02:56

11 Signs That America Has Already Gone Down The Toilet

Just when you think that the depravity of the United States cannot possibly get any worse, something else comes along to surprise us. Many of the things that you are about to read about in this article are incredibly disturbing, but it is important that we face the truth about how far this nation has fallen. There are times when I will be having a conversation with someone else about the state of our country, and the other person will say something like this: “Wow – America is really going down the toilet.”

Jul 21 23:01

Greece: The Courage of Hopelessness

Greece is not being asked to swallow many bitter pills in exchange for a realistic plan of economic revival, they are asked to suffer so that others in the European Union can go on dreaming their dream undisturbed.

Jul 21 18:21

12 Ways The Economy Is Already In Worse Shape Than It Was During The Depths Of The Last Recession, And This Is Just The Beginning Of The Pain.

Did you know that the percentage of children in the United States that are living in poverty is actually significantly higher than it was back in 2008? When I write about an “economic collapse”, most people think of a collapse of the financial markets.

Jul 21 14:36

Worthless

British performer Agnes Töröka performs a three-minute poetic rallying call for those most impacted by the austerity fad, taking aim at revolving internships, impossible debt burdens and the slashing of budgets for social programs, juxtaposing it with the raiding of the public purse to fund bailouts of banks. In one day, the video clocked up almost 100,000 views.

Jul 21 14:24

Federal Reserve documents stagnant state of US economy

The US Federal Reserve Board last week released its semiannual Monetary Policy Report to Congress, providing an assessment of the state of the American economy and outlining the central bank’s monetary policy going forward. The report, along with Fed Chair Janet Yellen’s testimony before both the House of Representatives and the Senate, as well as a speech by Yellen the previous week in Cleveland, present a grim picture of the reality behind the official talk of economic “recovery.”

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